Document:

Amended and Restated Loan and Security Agreement, dated as of December 23, 2004

 Exhibit 10.1 

EXECUTION 

AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT 

by and among 
 J.
CREW OPERATING CORP. 
 J. CREW INC. 

GRACE HOLMES, INC. d/b/a J. CREW RETAIL 

H.F.D. NO. 55, INC. d/b/a J. CREW FACTORY 

as Borrowers 
 and

 J. CREW GROUP, INC. 

J. CREW INTERNATIONAL, INC. 

J. CREW INTERMEDIATE LLC 

as Guarantors 

WACHOVIA CAPITAL MARKETS LLC 

Sole Lead Arranger and Sole Lead Bookrunner 

WACHOVIA BANK, NATIONAL ASSOCIATION 

as Administrative Agent 

BANK OF AMERICA, N.A. 

as Syndication Agent 

CONGRESS FINANCIAL CORPORATION 

as Collateral Agent 

and 
 THE LENDERS
FROM TIME TO TIME PARTY HERETO 
 as Lenders 

Dated: December 23, 2004 

 TABLE OF CONTENTS 

 

					
	  	  	 	  	Page
	 SECTION 1.         DEFINITIONS
	  	2
		
	 SECTION 2.         CREDIT FACILITIES
	  	32
	 2.1
	  	 Revolving Loans
	  	32
	 2.2
	  	 Letter of Credit Accommodations
	  	32
	 2.3
	  	 Intentionally Omitted
	  	37
	 2.4
	  	 Commitments
	  	37
	 2.5
	  	 Loan Limits
	  	37
	 2.6
	  	 Mandatory Prepayments
	  	38
	 2.7
	  	 Intentionally Omitted
	  	39
	 2.8
	  	 Joint and Several Liability
	  	39
	 2.9
	  	 Maximum Credit Increase
	  	40
		
	 SECTION 3.         INTEREST AND FEES
	  	42
	 3.1
	  	 Interest
	  	42
	 3.2
	  	 Fees
	  	43
	 3.3
	  	 Changes in Laws and Increased Costs of Revolving Loans
	  	44
		
	 SECTION 4.         CONDITIONS PRECEDENT
	  	46
	 4.1
	  	 Conditions Precedent to Amendment and Restatement
	  	46
	 4.2
	  	 Conditions Precedent to All Revolving Loans and Letter of Credit Accommodations
	  	47
		
	 SECTION 5.        GRANT AND PERFECTION OF SECURITY INTEREST
	  	47
	 5.1
	  	 Grant of Security Interest
	  	47
	 5.2
	  	 Perfection of Security Interests
	  	49
		
	 SECTION 6.        COLLECTION AND ADMINISTRATION
	  	53
	 6.1
	  	 Borrowers’ Loan Accounts
	  	53
	 6.2
	  	 Statements
	  	53
	 6.3
	  	 Collection of Accounts
	  	54
	 6.4
	  	 Payments
	  	55
	 6.5
	  	 Authorization to Make Revolving Loans
	  	58
	 6.6
	  	 Use of Proceeds
	  	59
	 6.7
	  	 Appointment of Borrower Agent as Agent for Requesting Revolving Loans and Receipts of Revolving Loans and Statements

	  	59
	 6.8
	  	 Pro Rata Treatment
	  	59
	 6.9
	  	 Sharing of Payments, Etc.
	  	60
	 6.10
	  	 Settlement Procedures
	  	61
	 6.11
	  	 Obligations Several; Independent Nature of Lenders’ Rights
	  	63
		
	 SECTION 7.        COLLATERAL REPORTING AND COVENANTS
	  	63
	 7.1
	  	 Collateral Reporting
	  	63

  

 (i) 

					
	 7.2
	  	 Accounts Covenants
	  	65
	 7.3
	  	 Equipment and Real Property Covenants
	  	66
	 7.4
	  	 Equipment and Real Property Covenants
	  	67
	 7.5
	  	 Power of Attorney
	  	67
	 7.6
	  	 Right to Cure
	  	68
	 7.7
	  	 Access to Premises
	  	68
	 7.8
	  	 Intellectual Property Appraisal
	  	69
		
	 SECTION 8.         REPRESENTATIONS AND WARRANTIES
	  	69
	 8.1
	  	 Corporate or Limited Liability Company Existence, Power and Authority
	  	69
	 8.2
	  	 Name; State of Organization; Chief Executive Office; Collateral Locations
	  	69
	 8.3
	  	 Financial Statements; No Material Adverse Change
	  	70
	 8.4
	  	 Priority of Liens; Title to Properties
	  	70
	 8.5
	  	 Tax Returns
	  	70
	 8.6
	  	 Litigation
	  	71
	 8.7
	  	 Compliance with Other Agreements and Applicable Laws
	  	71
	 8.8
	  	 Environmental Compliance
	  	71
	 8.9
	  	 Credit Card Agreements
	  	72
	 8.10
	  	 Interrelated Businesses
	  	73
	 8.11
	  	 Employee Benefits
	  	73
	 8.12
	  	 Bank Accounts
	  	74
	 8.13
	  	 Intellectual Property
	  	74
	 8.14
	  	 Subsidiaries; Affiliates; Capitalization; Solvency; Inactive Entities
	  	75
	 8.15
	  	 Labor Disputes
	  	75
	 8.16
	  	 Restrictions on Subsidiaries
	  	76
	 8.17
	  	 Material Contracts
	  	76
	 8.18
	  	 Black Canyon Documents
	  	76
	 8.19
	  	 Accuracy and Completeness of Information
	  	76
	 8.20
	  	 Survival of Warranties; Cumulative
	  	76
		
	 SECTION 9.         AFFIRMATIVE AND NEGATIVE COVENANTS
	  	77
	 9.1
	  	 Maintenance of Existence
	  	77
	 9.2
	  	 New Collateral Locations
	  	77
	 9.3
	  	 Compliance with Laws, Regulations, Etc.
	  	78
	 9.4
	  	 Payment of Taxes and Claims
	  	79
	 9.5
	  	 Insurance
	  	79
	 9.6
	  	 Financial Statements and Other Information
	  	80
	 9.7
	  	 Sale of Assets, Consolidation, Merger, Dissolution, Etc.
	  	82
	 9.8
	  	 Encumbrances
	  	85
	 9.9
	  	 Indebtedness
	  	87
	 9.10
	  	 Loans, Investments, Etc.
	  	101
	 9.11
	  	 Restricted Payments
	  	104
	 9.12
	  	 Transactions with Affiliates
	  	106
	 9.13
	  	 Compliance with ERISA
	  	106
	 9.14
	  	 End of Fiscal Years; Fiscal Quarters
	  	107
	 9.15
	  	 Credit Card Agreements
	  	107
	 9.16
	  	 Changes in Business
	  	107

  

 (ii) 

					
	 9.17
	  	 Limitation of Restrictions Affecting Subsidiaries
	  	107
	 9.18
	  	 Fixed Interest Charge Coverage Ratio
	  	108
	 9.19
	  	 Capital Expenditures
	  	108
	 9.20
	  	 License Agreements
	  	109
	 9.21
	  	 After Acquired Real Property
	  	110
	 9.22
	  	 Costs and Expenses
	  	110
	 9.23
	  	 Further Assurances
	  	111
	 9.24
	  	 Minimum Excess Availability
	  	111
	 9.25
	  	 Black Canyon Closing
	  	111
		
	 SECTION 10.        EVENTS OF DEFAULT AND REMEDIES
	  	112
	 10.1
	  	 Events of Default
	  	112
	 10.2
	  	 Remedies
	  	114
		
	 SECTION 11.        JURY TRIAL WAIVER; OTHER WAIVERS AND CONSENTS; GOVERNING
LAW
	  	118
	 11.1
	  	 Governing Law; Choice of Forum; Service of Process; Jury Trial Waiver
	  	118
	 11.2
	  	 Waiver of Notices
	  	119
	 11.3
	  	 Amendments and Waivers
	  	119
	 11.4
	  	 Waiver of Counterclaims
	  	121
	 11.5
	  	 Indemnification
	  	121
		
	 SECTION 12.        THE AGENT
	  	122
	 12.1
	  	 Appointment, Powers and Immunities
	  	122
	 12.2
	  	 Reliance by Agent
	  	122
	 12.3
	  	 Events of Default
	  	123
	 12.4
	  	 Congress in its Individual Capacity
	  	123
	 12.5
	  	 Indemnification
	  	124
	 12.6
	  	 Non-Reliance on Agent and Other Lenders
	  	124
	 12.7
	  	 Failing to Act
	  	124
	 12.8
	  	 Additional Loans
	  	124
	 12.9
	  	 Concerning the Collateral and the Related Financing Agreements
	  	125
	 12.10
	  	 Field Audit, Examination Reports and Other Information; Disclaimer by Lenders
	  	125
	 12.11
	  	 Collateral Matters
	  	126
	 12.12
	  	 Agency for Perfections
	  	127
	 12.13
	  	 Successor Agent
	  	128
	 12.14
	  	 Co-Agent
	  	128
		
	 SECTION 13.        ACKNOWLEDGMENT AND RESTATEMENT
	  	128
	 13.1
	  	 Existing Obligations
	  	128
	 13.2
	  	 Acknowledgment of Security Interests
	  	129
	 13.3
	  	 Existing Agreements
	  	129
	 13.4
	  	 Restatement
	  	129
		
	 SECTION 14.        TERM OF AGREEMENT: MISCELLANEOUS
	  	130
	 14.1
	  	 Term
	  	130

  

 (iii) 

					
	 14.2
	  	 Interpretative Provisions
	  	132
	 14.3
	  	 Notices
	  	133
	 14.4
	  	 Partial Invalidity
	  	134
	 14.5
	  	 Confidentiality
	  	134
	 14.6
	  	 Successors
	  	135
	 14.7
	  	 Assignments; Participations
	  	135
	 14.8
	  	 Entire Agreement
	  	137
	 14.9
	  	 Counterparts, Etc.
	  	137

  

 (iv) 

 INDEX TO 

EXHIBITS AND SCHEDULES 
  

			
	Exhibit A	  	Form of Assignment and Acceptance
		
	Exhibit B	  	Information Certificate
		
	Exhibit C	  	Form of Compliance Certificate
		
	Exhibit D	  	Form of Borrowing Base Certificate
		
	Schedule 1.43	  	Customs Brokers
		
	Schedule 8.9	  	Credit Card Agreements

  

 (v) 

 AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT 

This Amended and Restated Loan and Security Agreement dated December 23, 2004 is entered into by and among J. Crew Operating Corp.,
a Delaware corporation (“Operating”), J. Crew Inc., a New Jersey corporation (“J. Crew”), Grace Holmes, Inc., a Delaware corporation doing business as J. Crew Retail (“Retail”), H.F.D. No. 55, Inc., a Delaware
corporation doing business as J. Crew Factory (“Factory”, and together with J. Crew, Retail, Operating, each individually a “Borrower” and collectively, “Borrowers”), J. Crew Group, Inc., a New York corporation
(“Parent”), J. Crew International, Inc. (“JCI”), and J. Crew Intermediate LLC, a Delaware limited liability company (“Intermediate”, and together with Parent and JCI, each individually a “Guarantor” and
collectively, “Guarantors”), the parties hereto as lenders, whether by execution of this Agreement or an Assignment and Acceptance (each individually, a “Lender” and collectively, “Lenders”), Wachovia Capital Markets,
LLC, a Delaware limited liability company, as sole lead arranger and sole bookrunner (in such capacity, “Arranger”), Wachovia Bank, National Association, a national banking association, in its capacity as administrative agent for the
lenders (in such capacity, “Administrative Agent”), Bank of America, N.A., in its capacity as syndication agent for the lenders (in such capacity, “Syndication Agent”) and Congress Financial Corporation, a Delaware corporation,
in its capacity as collateral agent for Lenders (in such capacity, “Agent”). 
 W I T N
E S S E T H: 
 WHEREAS, certain Borrowers, certain Guarantors, Lenders and Agent are
parties to the Loan and Security Agreement, dated as of December 23, 2002, by and among them, pursuant to which Lenders have made and may make loans and provide other financial accommodations to such Borrowers; 

WHEREAS, Borrowers and Guarantors have requested that Agent and Lenders amend and restate the Loan Agreement pursuant to and in
accordance with the terms and conditions set forth herein; and 
 WHEREAS, each Lender is willing to agree (severally and not
jointly) to amend and restate the Loan Agreement and to make such loans and provide such financial accommodations to Borrowers on a pro rata basis according to its Commitment (as defined below) on the terms and conditions set forth
herein and Agent is willing to act as collateral agent for Lenders on the terms and conditions set forth herein and the other Financing Agreements; 

 NOW, THEREFORE, in consideration of the mutual conditions and agreements set forth herein,
and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 

SECTION 1. DEFINITIONS 

For purposes of this Agreement, the following terms shall have the respective meanings given to them below: 

1.1 “Accounts” shall mean, as to each Borrower and Guarantor, all present and future rights of such Borrower and Guarantor to
payment of a monetary obligation, whether or not earned by performance, which is not evidenced by chattel paper or an instrument, (a) for property that has been or is to be sold, leased, licensed, assigned, or otherwise disposed of,
(b) for services rendered or to be rendered, (c) for a secondary obligation incurred or to be incurred, or (d) consisting of Credit Card Receivables. 

1.2 “Adjusted Borrowing Base” shall mean the amount equal to: 

(a) the lesser of: (i) the sum of: (A) the amount equal to ninety (90%) percent of Eligible Credit Card
Receivables; plus (B) the amount equal to the lesser of: (1) eighty-five (85%) percent multiplied by the Value of each category of Eligible Inventory of each Borrower or (2) during the period from August 1 of any year
through and including December 15 of such year, ninety (90%) percent of the Net Recovery Percentage as to each category of Eligible Inventory of each Borrower multiplied by the Value of such category of Eligible Inventory of such Borrower,
and at all other times, eighty-five (85%) percent of the Net Recovery Percentage as to each category of Eligible Inventory of each Borrower multiplied by the Value of such category of Eligible Inventory of such Borrower; plus
(C) the Adjusted Real Property Availability, and (ii) the Maximum Credit, minus 
 (b) Reserves.

 1.3 “Adjusted Eurodollar Rate” shall mean, with respect to each Interest Period for any Eurodollar Rate Loan, the
rate per annum (rounded upwards, if necessary, to the next one-sixteenth (1/16) of one (1%) percent) determined by dividing (a) the Eurodollar Rate for such Interest Period by (b) a percentage equal to: (i) one
(1) minus (ii) the Reserve Percentage. For purposes hereof, “Reserve Percentage” shall mean the reserve percentage, expressed as a decimal, prescribed by any United States or foreign banking authority for determining the reserve
requirement which is or would be applicable to deposits of United States dollars in a non-United States or an international banking office of a Reference Bank used to fund a Eurodollar Rate Loan or any Eurodollar Rate Loan made with the proceeds of
such deposit, whether or not the Reference Bank actually holds or has made any such deposits or loans. The Adjusted Eurodollar Rate shall be adjusted on and as of the effective day of any change in the Reserve Percentage. 

1.4 “Adjusted Real Property Availability” shall mean $4,074,000; provided, that, (a) the Adjusted Real
Property Availability shall be reduced automatically and without further action by the parties effective as of the first day of each month after the date hereof by an amount equal to $97,000 and (b) if prior to the date that the Adjusted
Borrowing Base shall be used in the calculation of the amount of the Revolving Loans available to Borrowers as set forth in the definition of the term Borrowing Base, the Real Property Availability shall be adjusted as provided for in the definition
of such term set forth below, then the Adjusted Real Property Availability shall mean the amount equal to the initial amount of the Real Property Availability as so adjusted and as reduced automatically and without further action by the parties
effective as of the first day of each month after the date of the adjustment of the Real Property Availability by an amount equal to the initial adjusted Real Property Availability divided by eighty-four (84). 

 

 2 

 1.5 “Administrative Agent” shall mean Wachovia Bank, National Association in its
capacity as administrative agent on behalf of Lenders pursuant to the terms hereof and any replacement or successor agent hereunder. 

1.6 “Affiliate” shall mean, with respect to a specified Person, any other Person which directly or indirectly, through one or
more intermediaries, controls or is controlled by or is under common control with such Person, and without limiting the generality of the foregoing, includes (a) any Person which beneficially owns or holds ten (10%) percent or more of any
class of Voting Stock of such Person or other equity interests in such Person and (b) any Person of which such Person beneficially owns or holds ten (10%) percent or more of any class of Voting Stock or in which such Person beneficially
owns or holds ten (10%) percent or more of the equity interests. For the purposes of this definition, the term “control” (including with correlative meanings, the terms “controlled by” and “under common control
with”), as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of Voting Stock, by agreement
or otherwise. 
 1.7 “Agent” shall mean Congress Financial Corporation, in its capacity as collateral agent on behalf
of Lenders pursuant to the terms hereof and any replacement or successor agent hereunder. 
 1.8 “Agent Payment
Account” shall mean account no. 5000000030279 of Agent at Wachovia Bank, National Association, Charlotte, North Carolina, or such other account of Agent as Agent may from time to time designate to Borrower Agent as the Agent Payment Account for
purposes of this Agreement and the other Financing Agreements. 
 1.9 “Applicable Margin” shall mean, at any time, as
to the interest rate for Prime Rate Loans and the interest rate for Eurodollar Rate Loans, the applicable percentage (on a per annum basis) set forth below if the Quarterly Average Excess Availability for the immediately preceding fiscal quarter is
at or within the amounts indicated for such percentage as of the last day of the immediately preceding fiscal quarter: 
  

									
	 Tier
	  	 Quarterly Average

Excess Availability
	  	Applicable
Eurodollar
Rate Margin	 	 	Applicable Prime
Rate Margin	 
	1	  	Greater than $55,000,000	  	1.25	% 	 	0	% 
	2	  	Less than or equal to $55,000,000 and greater than $40,000,000	  	1.50	% 	 	0	% 
	3	  	Less than or equal to $40,000,000 and greater than $20,000,000	  	1.75	% 	 	.25	% 
	4	  	Less than or equal to $20,000,000	  	2.00	% 	 	.25	% 

  

 3 

 provided, that, (i) the Applicable Margin shall be calculated and established once each
fiscal quarter and shall remain in effect until adjusted thereafter after the end of the next fiscal quarter and (ii) if the Excess Availability is greater than $40,000,000 as of the date hereof, the Applicable Margin through the last day of
the sixth (6th) month after the date hereof shall be the amount for Tier 2 set forth above. 
 1.10 “Assignment and
Acceptance” shall mean an Assignment and Acceptance substantially in the form of Exhibit A attached hereto (with blanks appropriately completed) delivered to Agent in connection with an assignment of a Lender’s interest hereunder in
accordance with the provisions of Section 14.7 hereof. 
 1.11 “Black Canyon Closing Date” shall mean the date of
the initial funding of the loans under the Black Canyon Credit Agreement. 
 1.12 “Black Canyon Credit Agreement”
shall mean the Credit Agreement, dated as of November 24, 2004, between Operating, as borrower, the Black Canyon Guarantors, the lenders named therein and U.S. Bank National Association, as administrative agent, as the same now exists or may
hereafter be amended, modified, supplemented, extended, renewed, restated or replaced. 
 1.13 “Black Canyon
Documents” shall mean, collectively the following (as the same may now or hereafter exist or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced): (a) the Black Canyon Credit Agreement (including any
loan notes and loan guarantees issued thereunder), (b) the Black Canyon Indenture (including any notes and guarantees issued thereunder), (c) the Black Canyon Security Agreement, (d) the Black Canyon Intercreditor Agreement, and
(e) all other agreements, documents and instruments now or at any time hereafter executed and/or delivered by Operating or any other person in connection therewith. 

1.14 “Black Canyon Guarantors” shall mean, collectively, Factory, JCI, J. Crew, Retail and any Subsidiary of Operating or its
Subsidiaries formed after November 24, 2004, or Intermediate on or after the date of the execution and delivery of the Black Canyon Indenture, that guarantees the Indebtedness under the Black Canyon Credit Agreement or the Black Canyon
Indenture, to the extent required to do so under the terms thereof, pursuant to the form of loan guarantee attached as Exhibit B to the Black Canyon Credit Agreement (or the equivalent form attached to the Black Canyon Indenture), and their
respective successors and assigns, sometimes being referred to individually as a “Black Canyon Guarantor”. 
 1.15
“Black Canyon Indenture” shall mean the Indenture to be entered into among Operating, as issuer, the Black Canyon Guarantors and Noteholder Collateral Agent in its capacity as trustee thereunder, upon the occurrence of certain events as
set forth in the Black Canyon Credit Agreement, in the form included as an exhibit to the Black Canyon Credit Agreement as of November 24, 2004 (except as such form may be amended or modified to the extent permitted hereunder). 

1.16 “Black Canyon Intercreditor Agreement” shall mean the Intercreditor Agreement, dated as of November 24, 2004, by and
among Agent, Noteholder Collateral Agent, Operating, and the Black Canyon Guarantors, as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced. 

 

 4 

 1.17 “Black Canyon Security Agreement” shall mean the Security Agreement, dated as
of November 24, 2004, by Operating and the Black Canyon Guarantors in favor of Noteholder Collateral Agent, as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced. 

1.18 “Blocked Accounts” shall have the meaning set forth in Section 6.3 hereof. 

1.19 “Borrower Agent” shall mean J. Crew Operating Corp., a Delaware corporation, in its capacity as Borrower Agent on behalf
of the Borrowers pursuant to Section 6.7 hereof and its successors and assigns in such capacity. 
 1.20 “Borrowing
Base” shall mean, at any time, subject to adjustment as provided below, the amount equal to: 
 (a) the
lesser of: (i) the sum of: (A) the amount equal to ninety (90%) percent of Eligible Credit Card Receivables; plus (B) the amount equal to the lesser of: (1) ninety-five (95%) percent multiplied by the Value of
each category of Eligible Inventory of each Borrower or (2) during the period from August 1 of any year through and including December 15 of such year, ninety-five (95%) percent of the Net Recovery Percentage as to each category
of Eligible Inventory of each Borrower multiplied by the Value of such category of Eligible Inventory of such Borrower, and at all other times, ninety-two and one-half (92.5%) percent of the Net Recovery Percentage as to each category of
Eligible Inventory of each Borrower multiplied by the Value of such category of Eligible Inventory of such Borrower; plus (C) the Real Property Availability, and (ii) the Maximum Credit, minus 

(b) Reserves; 

provided, that, (A) on and after the date of the incurrence of any Indebtedness as described in Section 9.9(t) hereof, the term
“Borrowing Base” shall mean, at any such time, the amount equal to the Adjusted Borrowing Base and (B) such percentage of the net amount of eligible trade accounts receivables as Agent may determine will be added to the calculation of
the Borrowing Base, provided, that, each of the following conditions is satisfied: (1) Agent shall have received the written request of Borrower Agent to so include such trade accounts receivable, (2) Agent shall have
conducted a field examination with respect to such receivables, the results of which shall be reasonably satisfactory to Agent, (3) Agent shall have established the reports and the frequency thereof with respect to such trade accounts
receivable that Borrowers will be required to deliver and Borrowers shall have agreed thereto in writing, in form and substance satisfactory to Agent, and (4) Agent shall have sufficient information necessary in accordance with the customary
practices and procedures of Agent to establish, and Agent shall have had five (5) Business Days after receipt of such information to review it after which Agent shall establish, the criteria for such receivables to constitute eligible trade
accounts receivable for purposes of calculating the Borrowing Base (and including any Reserves with respect thereto) and the percentage of such net amount of eligible trade accounts receivable as shall be used for such purpose and Borrowers shall
have agreed in writing to such criteria and such percentage, in form and substance reasonably satisfactory to Agent. 
  

 5 

 1.21 “Borrowing Base Certificate” shall mean a certificate substantially in the
form of Exhibit D hereto, as such form may from time to time be modified by Agent, which is duly completed (including all schedules thereto) and executed by the chief financial officer, vice president of finance, treasurer or controller of Borrower
Agent and delivered to Agent. 
 1.22 “Business Day” shall mean any day other than a Saturday, Sunday, or other day on
which commercial banks are authorized or required to close under the laws of the State of New York, or the State of North Carolina, and a day on which Agent is open for the transaction of business, except that if a determination of a Business Day
shall relate to any Eurodollar Rate Loans, the term Business Day shall also exclude any day on which banks are closed for dealings in dollar deposits in the London interbank market or other applicable Eurodollar Rate market. 

1.23 “Capital Expenditures” shall mean all expenditures for, or contracts for expenditures for, any fixed or capital assets or
improvements, or for replacements, substitutions or additions thereto, which have a useful life of more than one (1) year, including, but not limited to, the direct or indirect acquisition of such assets by way of offset items or otherwise and
shall include the principal amount of capitalized lease payments during the applicable period. 
 1.24 “Capital
Leases” shall mean, as applied to any Person, any lease of (or any agreement conveying the right to use) any property (whether real, personal or mixed) by such Person as lessee which in accordance with GAAP, is required to be reflected as a
liability on the balance sheet of such Person. 
 1.25 “Capital Stock” shall mean, with respect to any Person, any and
all shares, interests, participations or other equivalents (however designated) of such Person’s capital stock or partnership, limited liability company or other equity interests at any time outstanding, and any and all rights, warrants or
options exchangeable for or convertible into such capital stock or other interests (but excluding any debt security that is exchangeable for or convertible into such capital stock). 

1.26 “Cash Equivalents” shall mean, at any time, (a) any evidence of Indebtedness with a maturity date of one hundred
eighty (180) days or less issued or directly and fully guaranteed or insured by the United States of America or any agency or instrumentality thereof; provided, that, the full faith and credit of the United States of America is
pledged in support thereof; (b) certificates of deposit or bankers’ acceptances with a maturity of one hundred eighty (180) days or less of any financial institution that is a member of the Federal Reserve System having combined
capital and surplus and undivided profits of not less than $250,000,000; (c) commercial paper (including variable rate demand notes) with a maturity of one hundred eighty (180) days or less issued by a corporation (except an Affiliate of any
Borrower or Guarantor) organized under the laws of any State of the United States of America or the District of Columbia and rated at least A-2 by Standard & Poor’s Ratings Service, a division of The McGraw-Hill Companies, Inc. or
at least P-2 by Moody’s Investors Service, Inc.; (d) repurchase obligations with a term of not more than thirty (30) days for underlying securities of the types described in clause (a) above entered into with any
financial institution having combined capital 
  

 6 

 
and surplus and undivided profits of not less than $250,000,000; (e) repurchase agreements and reverse repurchase agreements relating to marketable direct obligations issued or
unconditionally guaranteed by the United States of America or issued by any governmental agency thereof and backed by the full faith and credit of the United States of America, in each case maturing within one hundred eighty (180) days or less
from the date of acquisition; provided, that, the terms of such agreements comply with the guidelines set forth in the Federal Financial Agreements of Depository Institutions with Securities Dealers and Others, as adopted by the
Comptroller of the Currency on October 31, 1985; and (f) investments in money market funds and mutual funds which invest substantially all of their assets in securities of the types described in clauses (a) through (e) above.

 1.27 “Change in Law” shall mean (a) the adoption of any law, rule or regulation after the date of this
Agreement or (b) any change in any law, rule or regulation or in the interpretation or application thereof by any Government Authority after the date of this Agreement. 

1.28 “Change of Control” shall mean (a) the transfer (in one transaction or a series of transactions) of all or
substantially all of the assets of any Borrower or Guarantor to any Person or group (as such term is used in Section 13(d)(3) of the Exchange Act), other than as permitted in Section 9.7 hereof; (b) the liquidation or dissolution of
any Borrower or Guarantor or the adoption of a plan by the stockholders of any Borrower or Guarantor relating to the dissolution or liquidation of such Borrower or Guarantor, other than to Permitted Holders or as permitted in Section 9.7
hereof; (c) any Person or group (as such term is used in Section 13(d)(3) of the Exchange Act), other than Permitted Holders, shall beneficially own, directly or indirectly, shares of Voting Stock of Parent representing more than thirty
(30%) percent of the voting power of the total outstanding Voting Stock of Parent; (d) occupation of a majority of the seats (other than vacant seats) on the Board of Directors of Parent by Persons who were neither (i) nominated by
members of Permitted Holders or the Board of Directors of Parent nor (ii) appointed by directors so nominated; (e) the failure of Parent to own directly or indirectly one hundred (100%) percent of the voting power of the total
outstanding Voting Stock of any Borrower or other Guarantor, except to the extent permitted under Section 9.7 hereof and (f) so long as any of the Senior Discount Debentures or 10 3/8% Subordinated Notes are outstanding, a “Change of
Control” as such term is defined in the Senior Debenture Indenture or the 10 3/8% Subordinated Note Indenture. 
 1.29
“Code” shall mean the Internal Revenue Code of 1986, as the same now exists or may from time to time hereafter be amended, modified, recodified or supplemented, together with all rules, regulations and interpretations thereunder or related
thereto. 
 1.30 “Collateral” shall have the meaning set forth in Section 5 hereof. 

1.31 “Collateral Access Agreement” shall mean an agreement in writing, in form and substance reasonably satisfactory to Agent,
from any lessor of premises to any Borrower or Guarantor, or any other person to whom any Collateral is consigned or who has custody, control or possession of any such Collateral or is otherwise the owner or operator of any premises on which any of
such Collateral is located (excluding any retail store location), pursuant to which such lessor, consignee or other person, inter alia, acknowledges the first priority security interest of Agent in such Collateral, agrees to waive any
and all claims such lessor, consignee or other 
  

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person may, at any time, have against such Collateral, whether for processing, storage or otherwise, and agrees to permit Agent access to, and the right to remain on, the premises of such lessor,
consignee or other person so as to exercise Agent’s rights and remedies and otherwise deal with such Collateral and in the case of any consignee or other person who at any time has custody, control or possession of any Collateral, acknowledges
that it holds and will hold possession of the Collateral for the benefit of Agent and Lenders and agrees to follow all instructions of Agent with respect thereto. 

1.32 “Commercial Letter of Credit” shall mean any Letter of Credit Accommodation consisting of a letter of credit issued for
the purpose of providing the primary manner of payment for the purchase price of goods or services by a Borrower in the ordinary course of the business of such Borrower. 

1.33 “Commitment” shall mean, at any time, as to each Lender, the principal amount set forth below such Lender’s signature
on the signatures pages hereto designated as the Commitment or on Schedule 1 to the Assignment and Acceptance Agreement pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.7 hereof, as the
same may be adjusted from time to time in accordance with the terms hereof; sometimes being collectively referred to herein as “Commitments”. 

1.34 “Congress” shall mean Congress Financial Corporation, a Delaware corporation, in its individual capacity, and its
successors and assigns. 
 1.35 “Consolidated Net Income” shall mean, with respect to any Person for any period, the
aggregate of the net income (loss) of such Person and its Subsidiaries, on a consolidated basis, for such period (excluding to the extent included therein any extraordinary or non recurring gains other than up to an aggregate of $5,000,000 of cash
insurance proceeds received by Borrowers and Guarantors in each fiscal year of Borrowers and Guarantors with respect to Inventory losses, fixed asset losses and business interruption) and extraordinary non-cash charges) after deducting all charges
which should be deducted before arriving at the net income (loss) for such period and after deducting the Provision for Taxes for such period, all as determined in accordance with GAAP; provided, that, (a) the net income of any Person that is
not a wholly-owned Subsidiary or that is accounted for by the equity method of accounting shall be included only to the extent of the amount of dividends or distributions paid or payable to such Person or a wholly-owned Subsidiary of such Person;
(b) except to the extent included pursuant to the foregoing clause, the net income of any Person accrued prior to the date it becomes a wholly-owned Subsidiary of such Person or is merged into or consolidated with such Person or any of its
wholly-owned Subsidiaries or that Person’s assets are acquired by such Person or by any of its wholly-owned Subsidiaries shall be excluded; (c) the effect of any change in accounting principles adopted by such Person or its Subsidiaries
after the date hereof shall be excluded; (d) net income shall exclude interest accruing, but not paid on indebtedness owing to a Subsidiary or parent corporation of such Person, which is subordinated in right of payment to the payment in full
of the Obligations, on terms and conditions acceptable to Agent; and (e) the net income (if positive) of any wholly-owned Subsidiary to the extent that the declaration or payment of dividends or similar distributions by such wholly-owned
Subsidiary to such Person or to any other wholly-owned Subsidiary of such Person is not at the time permitted by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or

  

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governmental regulation applicable to such wholly-owned Subsidiary shall be excluded. For the purposes of this definition, net income excludes any gain and non-cash loss (but not any cash loss)
together with any related Provision for Taxes for such gain and non-cash loss (but not any cash loss) realized upon the sale or other disposition of any assets that are not sold in the ordinary course of business (including, without limitation,
dispositions pursuant to sale and leaseback transactions) or of any Capital Stock of such Person or a Subsidiary of such Person and any net income realized as a result of changes in accounting principles or the application thereof to such Person.

 1.36 “Contingent Principal” shall mean any principal amounts additional to the face amount of the 16% Senior
Discount Notes which, under certain circumstances set forth in the 16% Senior Discount Note Indenture as in effect on the date hereof, may be added to the accreted amount, or principal amount at maturity, as applicable, of the 16% Senior Discount
Notes. 
 1.37 “Credit Card Acknowledgments” shall mean, collectively, the agreements by Credit Card Issuers or Credit
Card Processors who are parties to Credit Card Agreements in favor of Agent acknowledging Agent’s first priority security interest, for and on behalf of Lenders, in the monies due and to become due to a Borrower or Guarantor (including, without
limitation, credits and reserves) under the Credit Card Agreements, and agreeing to transfer all such amounts to the Blocked Accounts, as the same now exist or may hereafter be amended, modified, supplemented, extended, renewed, restated or
replaced, sometimes being referred to herein individually as a “Credit Card Acknowledgment”. 
 1.38 “Credit Card
Agreements” shall mean all agreements now or hereafter entered into by any Borrower or any Guarantor for the benefit of any Borrower, in each case with any Credit Card Issuer or any Credit Card Processor, as the same now exist or may hereafter
be amended, modified, supplemented, extended, renewed, restated or replaced, including, but not limited to, the agreements set forth on Schedule 8.9 hereto. 

1.39 “Credit Card Issuer” shall mean any person (other than a Borrower) who issues or whose members issue credit cards,
including, without limitation, MasterCard or VISA bank credit or debit cards or other bank credit or debit cards issued through MasterCard International, Inc., Visa, U.S.A., Inc. or Visa International and American Express, Discover, Diners Club,
Carte Blanche and other non-bank credit or debit cards, including, without limitation, credit or debit cards issued by or through American Express Travel Related Services Company, Inc., Novus Services, Inc. and the J. Crew Card. 

1.40 “Credit Card Processor” shall mean any servicing or processing agent or any factor or financial intermediary who
facilitates, services, processes or manages the credit authorization, billing transfer and/or payment procedures with respect to any Borrower’s or Guarantor’s sales transactions involving credit card or debit card purchases by customers
using credit cards or debit cards issued by any Credit Card Issuer. 
  

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 1.41 “Credit Card Receivables” shall mean, collectively, (a) all present and
future rights of any Borrower or Guarantor to payment from any Credit Card Issuer, Credit Card Processor or other third party arising from sales of goods or rendition of services to customers who have purchased such goods or services using a credit
or debit card and (b) all present and future rights of any Borrower or Guarantor to payment from any Credit Card Issuer, Credit Card Processor or other third party in connection with the sale or transfer of Accounts arising pursuant to the sale
of goods or rendition of services to customers who have purchased such goods or services using a credit card or a debit card, including, but not limited to, all amounts at any time due or to become due from any Credit Card Issuer or Credit Card
Processor under the Credit Card Agreements or otherwise. 
 1.42 “Credit Facility” shall mean the Revolving Loans and
Letter of Credit Accommodations provided to or for the benefit of any Borrower pursuant to Sections 2.1 and 2.2 hereof. 
 1.43
“Customs Broker” shall mean the persons listed on Schedule 1.43 hereto or such other person selected by any Borrower after written notice by such Borrower to Agent who are reasonably acceptable to Agent to perform port of entry services to
process Inventory imported by such Borrower from outside the United States of America and to supply facilities, labor and materials to such Borrower in connection therewith. 

1.44 “Default” shall mean an act, condition or event which with notice or passage of time or both would constitute an Event of
Default. 
 1.45 “Defaulting Lender” shall have the meaning set forth in Section 6.10 hereof. 

1.46 “Deposit Account Control Agreement” shall mean an agreement in writing, in form and substance satisfactory to Agent, by
and among Agent, the Borrower or Guarantor with a deposit account at any bank and the bank at which such deposit account is at any time maintained which provides that such bank will comply with instructions originated by Agent directing disposition
of the funds in the deposit account without further consent by such Borrower or Guarantor and such other terms and conditions as Agent may require, including as to any such agreement with respect to any Blocked Account, providing that all items
received or deposited in the Blocked Accounts are the property of Agent, that the bank has no lien upon, or right to setoff against, the Blocked Accounts, the items received for deposit therein, or the funds from time to time on deposit therein
(except as Agent may otherwise specifically agree) and that the bank will wire, or otherwise transfer, in immediately available funds, on a daily basis to the Agent Payment Account all funds received or deposited into the Blocked Accounts.

 1.47 “EBITDA” shall mean, as to any Person, with respect to any period, an amount equal to: (a) the
Consolidated Net Income of such Person and its Subsidiaries for such period, plus (b) depreciation and amortization and other non-cash charges including imputed interest and deferred compensation for such period (to the extent deducted in the
computation of Consolidated Net Income of such Person), all in accordance with GAAP, plus (c) Interest Expense for such period (to the extent deducted in the computation of Consolidated Net Income of such Person), plus (d) the Provision
for Taxes for such period (to the extent deducted in the computation of Consolidated Net Income of such Person). 
  

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 1.48 “Eligible Credit Card Receivables” shall mean, as to each Borrower, Credit
Card Receivables of such Borrower which are and continue to be acceptable to Agent based on the criteria set forth below. Credit Card Receivables shall be Eligible Credit Card Receivables if: 

(a) such Credit Card Receivables arise from the actual and bona fide sale and delivery of goods or rendition
of services by such Borrower in the ordinary course of the business of such Borrower which transactions are completed in accordance with the terms and provisions contained in any agreements binding on such Borrower or the other party or parties
related thereto; 
 (b) such Credit Card Receivables are not past due (beyond any stated applicable grace period,
if any, therefor) pursuant to the terms set forth in the Credit Card Agreements with the Credit Card Issuer or Credit Card Processor of the credit card or debit card used in the purchase which give rise to such Credit Card Receivables; 

(c) such Credit Card Receivables are not unpaid more than five (5) Business Days after the date of the sale of
Inventory giving rise to such Credit Card Receivables; 
 (d) all material procedures required by the Credit Card
Issuer or the Credit Card Processor of the credit card or debit card used in the purchase which gave rise to such Credit Card Receivables shall have been followed by such Borrower and all documents required for the authorization and approval by such
Credit Card Issuer or Credit Card Processor shall have been obtained in connection with the sale giving rise to such Credit Card Receivables; 

(e) the required authorization and approval by such Credit Card Issuer or Credit Card Processor shall have been obtained
for the sale giving rise to such Credit Card Receivables; 
 (f) such Borrower or Guarantor, on behalf of such
Borrower, shall have submitted all materials required by the Credit Card Issuer or Credit Card Processor obligated in respect of such Credit Card Receivables in order for such Borrower to be entitled to payment in respect thereof; 

(g) the Credit Card Issuer or Credit Card Processor obligated in respect of such Credit Card Receivable has not failed to
remit any monthly payment in respect of such Credit Card Receivable; 
 (h) such Credit Card Receivables comply
with the applicable terms and conditions contained in Section 7.2 of this Agreement; 
 (i) the Credit Card
Issuer or Credit Card Processor with respect to such Credit Card Receivables has not asserted a counterclaim, defense or dispute and does not have, and does not engage in transactions which may give rise to, any right of setoff against such Credit
Card Receivables (other than setoffs to fees and chargebacks consistent with the practices of such Credit Card Issuer or Credit Card Processor with such Borrower as of the date hereof or as such practices may change as a result of changes to the
policies of such Credit Card Issuer or Credit Card Processor applicable to its customers generally and unrelated to the circumstance of such Borrower), but the portion of the Credit Card Receivables owing by such Credit Card Issuer or Credit Card
Processor in excess of the amount owing by such Borrower to such Credit Card Issuer or Credit Card Processor pursuant to such fees and chargebacks may be deemed Eligible Credit Card Receivables; 

 

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 (j) the Credit Card Issuer or Credit Card Processor with respect to such
Credit Card Receivables has not setoff against amounts otherwise payable by such Credit Card Issuer or Credit Card Processor to such Borrower for the purpose of establishing a reserve or collateral for obligations of such Borrower to such Credit
Card Issuer or Credit Card Processor (notwithstanding that the Credit Card Issuer or Credit Card Processor may have setoffs for fees and chargebacks consistent with the practices of such Credit Card Issuer or Credit Card Processor with such Borrower
as of the date hereof or as such practices may hereafter change as a result of changes to the policies of such Credit Card Issuer or Credit Card Processor applicable to its customers generally and unrelated to the circumstances of such Borrower);

 (k) there are no facts, events or occurrences which would impair the validity, enforceability or
collectability of such Credit Card Receivables or reduce the amount payable or delay payment thereunder (other than for setoffs for fees and chargebacks consistent with the practices of such Credit Card Issuer or Credit Card Processor with such
Borrower or any Guarantor as of the date hereof or as such practices may hereafter change as a result of changes to the policies of such Credit Card Issuer or Credit Card Processor applicable to its customers generally and unrelated to the
circumstances of such Borrower or any Guarantor); 
 (l) such Credit Card Receivables are subject to the first
priority, valid and perfected security interest and lien of Agent, for and on behalf of itself and Lenders, as to such Credit Card Receivables of such Borrower and any goods giving rise thereto are not, and were not at the time of the sale thereof,
subject to any security interest or lien in favor of any person other than Agent except as otherwise permitted in this Agreement, in each case subject to and in accordance with the terms and conditions applicable hereunder to any such permitted
security interest or lien; 
 (m) there are no proceedings or actions which are pending or to the best of any
Borrower’s knowledge threatened, against the Credit Card Issuers or Credit Card Processors with respect to such Credit Card Receivables which would reasonably be expected to result in any material adverse change in the financial condition of
any such Credit Card Issuer or Credit Card Processor; 
 (n) such Credit Card Receivables are owed by Credit Card
Issuers or Credit Card Processors deemed creditworthy at all times by Agent in good faith; 
 (o) no event of
default has occurred under the Credit Card Agreement of such Borrower with the Credit Card Issuer or Credit Card Processor who has issued the credit card or debit card or handles payments under the credit card or debit card used in the sale which
gave rise to such Credit Card Receivables which event of default gives such Credit Card Issuer or Credit Card Processor the right to cease or suspend payments to such Borrower or any Guarantor and no event shall have occurred which gives such Credit
Card Issuer or Credit Card Processor the right to setoff against amounts otherwise payable to such Borrower, including on behalf of a Guarantor (other than for then current fees and chargebacks consistent with the current practices of such Credit
Card Issuer or Credit Card Processor as of the date hereof or as such practices 
  

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may hereafter change as a result of changes to the policies of such Credit Card Issuer or Credit Card Processor applicable to its customers generally and unrelated to the circumstances of such
Borrower or any Guarantor), except as may have been waived in writing on terms and conditions reasonably satisfactory to Agent pursuant to the Credit Card Acknowledgment by such Credit Card Issuer or Credit Card Processor) or the right to establish
reserves or establish or demand collateral, and the Credit Card Issuer or Credit Card Processor has not sent any written notice of default and/or notice of its intention to cease or suspend payments to such Borrower in respect of such Credit Card
Receivables or to establish reserves or cash collateral for obligations of such Borrower to such Credit Card Issuer or Credit Card Processor, and such Credit Card Agreements are otherwise in full force and effect and constitute the legal, valid,
binding and enforceable obligations of the parties thereto; 
 (p) the terms of the sale giving rise to such
Credit Card Receivables and all practices of such Borrower and Guarantors with respect to such Credit Card Receivables comply in all material respects with applicable Federal, State, and local laws and regulations; and 

(q) the customer using the credit card or debit card giving rise to such Credit Card Receivable shall not have returned
the merchandise purchased giving rise to such Credit Card Receivable. 
 Credit Card Receivables which would otherwise constitute Eligible
Credit Card Receivables pursuant to this Section will not be deemed ineligible solely by virtue of the Credit Card Agreements with respect thereto having been entered into by any Guarantor, for the benefit of Borrowers. General criteria for Eligible
Credit Card Receivables may only be changed and any new criteria for Eligible Credit Card Receivables may only be established by Agent in good faith, upon notice to Borrower Agent, based on either: (i) an event, condition or other circumstance
arising after the date hereof, or (ii) existing on the date hereof to the extent Agent has no written notice thereof from a Borrower prior to the date hereof, in either case under clause (i) or (ii) which adversely affects or could
reasonably be expected to adversely affect the Credit Card Receivables in the good faith determination of Agent. Any Credit Card Receivables which are not Eligible Credit Card Receivables shall nevertheless be part of the Collateral. 

1.49 “Eligible In-Transit Inventory” shall mean Inventory that would be Eligible Inventory other than for its location that:
(a) is located in the United States; (b) has cleared U.S. Customs and for which all duty, freight and similar charges for import to the United States have been paid in full; (c) is in transit to one of the locations of assets
permitted hereunder or between such locations; and (d) has not been in transit more than seven (7) days. 
 1.50
“Eligible Inventory” shall mean, as to each Borrower, Inventory consisting of finished goods held for resale in the ordinary course of the business of such Borrower which are acceptable to Agent based on the criteria set forth below. In
general, Eligible Inventory shall not include (a) work-in-process; (b) raw materials; (c) spare parts for equipment; (d) packaging and shipping materials; (e) supplies used or consumed in such Borrower’s business;
(f) Inventory at premises other than those owned or leased and controlled by any Borrower; provided, that, (i) as to retail store locations (including factory store locations) which are leased by a Borrower, Agent may, at its
option, establish Reserves in respect of rental payments and other amounts in respect of such leased location of the type and to the extent set forth in Section 1.122 hereof, (ii) as to all

  

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other locations leased by any Borrower, if Agent shall not have received a Collateral Access Agreement from the owner and lessor with respect to such location, duly authorized, executed and
delivered by such owner and lessor (or Agent shall determine to accept a Collateral Access Agreement that does not include all required provisions or provisions in the form otherwise required by Agent), Agent may, at its option, upon notice to any
Borrower or Borrower Agent, establish such Reserves in respect of amounts at any time due or to become due to the owner and lessor thereof as Agent shall determine and (iii) as to locations owned and operated by a person other than a Borrower
or Guarantor, if Agent shall not have received a Collateral Access Agreement from the owner and operator with respect to such location, duly authorized, executed and delivered by such owner and operator (or Agent shall determine to accept a
Collateral Access Agreement that does not include all required provisions or provisions in the form otherwise required by Agent), Agent may, at its option, establish such Reserves in respect of amounts at any time due or to become due to the owner
and operator thereof as Agent shall determine; provided, that, in addition, if required by Agent, in order for such Inventory at locations owned and operated by a third person to be Eligible Inventory, Agent shall have received:
(A) UCC financing statements between the owner and operator, as consignee or bailee and such Borrower, as consignor or bailor, in form and substance satisfactory to Agent, which are duly assigned to Agent and (B) a written notice to any
lender to the owner and operator of the first priority security interest in such Inventory of Agent; (g) Inventory subject to a security interest or lien in favor of any person other than Agent except those permitted in this Agreement that are
subordinate to the security interest of Agent pursuant to an intercreditor agreement in form and substance satisfactory to Agent between Agent and the holder of such other security interest or lien; (h) bill and hold goods; (i) obsolete or
slow moving Inventory; (j) Inventory which is not subject to the first priority, valid and perfected security interest of Agent; (k) damaged and/or defective Inventory; (1) returned inventory which is not held for sale in the ordinary
course of business; and (m) Inventory purchased or sold on consignment. General criteria for Eligible Inventory may only be changed and any new criteria for Eligible Inventory may only be established by Agent in good faith, upon notice to
Borrower Agent, based on either: (i) an event, condition or other circumstance arising after the date hereof, or (ii) existing on the date hereof to the extent Agent has no written notice thereof from a Borrower prior to the date hereof,
in either case under clause (i) or (ii) which adversely affects or could reasonably be expected to adversely affect the Inventory in the good faith determination of Agent. Any Inventory which is not Eligible Inventory shall nevertheless be
part of the Collateral. 
 1.51 “Eligible Real Property” shall mean, as to any Borrower, Real Property owned by such
Borrower in fee simple in each case which are acceptable to Agent in good faith based on the criteria set forth below. In general, Eligible Real Property shall not include: (i) Real Property which is not operated by a Borrower except as Agent
may otherwise agree; (ii) Real Property subject to a security interest, lien, mortgage or other encumbrance in favor of any person other than Agent (and other than those permitted under Section 9.8(b), 9.8(c) or 9.8(d) hereof or are
subject to an intercreditor agreement in form and substance satisfactory to Agent between the holder of such lien and Agent); (iii) Real Property that is not located in the continental United States of America; (iv) Real Property that is
not subject to the valid and enforceable, first priority, perfected security interest, lien and mortgage of Agent; (v) Real Property where Agent determines that issues relating to compliance with Environmental Laws adversely affect such Real
Property in such manner that such Real Property would not be acceptable for purposes of including it in the calculation of the Borrowing Base based on the customary practices, 

 

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procedures and policies of Agent and its Affiliates; provided, that, if the Real Property is acceptable for such purposes in accordance with such practices, procedures and policies,
subject to the satisfaction of the other conditions set forth herein and any requirements arising pursuant to such practices, procedures and policies, such Real Property will be considered Eligible Real Property but subject to the right of Agent to
establish Reserves to reflect the adverse affect of any environmental conditions or events with respect thereto on its value or the ability of Agent to sell or otherwise realize on such Collateral; (vi) Real Property improved with residential
housing; (vii) Real Property that is not subject to a then current final written appraisal by an appraiser reasonably acceptable to Agent (which shall be one of the appraisers selected by Agent from its list of approved appraisers), on which
Agent and Lenders are expressly permitted to rely, and that is in form, scope and methodology reasonably satisfactory to Agent; (viii) if requested by Agent, Real Property for which Agent shall not have received a then current environmental
audit conducted by an independent environmental engineering firm reasonably acceptable to Agent (based on Administrative Agent’s list of approved firms and in form, scope, substance and methodology reasonably satisfactory to Agent, the results
of which are satisfactory to Agent; (ix) if requested by Agent, Real Property for which Agent shall not have received, in form and substance reasonably satisfactory to Agent, a valid and effective title insurance policy (whether in the form of
a pro form policy or a marked up title policy commitment)) issued by a company and agent reasonably acceptable to Agent: (A) insuring the priority, amount and sufficiency of the Mortgage with respect to such Real Property, (B) insuring
against matters that would be disclosed by surveys and (C) containing any legally available endorsements, assurances or affirmative coverage requested by Agent for protection of its interests. Any Real Property that is not Eligible Real
Property shall nevertheless be part of the Collateral. 
 1.52 “Eligible Transferee” shall mean (a) any Lender;
(b) the parent company of any Lender and/or any Affiliate of such Lender which is at least fifty (50%) percent owned by such Lender or its parent company; (c) any person (whether a corporation, partnership, trust or otherwise) that is
engaged in the business of making, purchasing, holding or otherwise investing in bank loans and similar extensions of credit in the ordinary course of its business and is administered or managed by a Lender or with respect to any Lender that is a
fund which invests in bank loans and similar extensions of credit, any other fund that invests in bank loans and similar extensions of credit and is managed by the same investment advisor as such Lender or by an Affiliate of such investment advisor,
and in each case is approved by Agent; and (d) any other commercial bank, financial institution or “accredited investor” (as defined in Regulation D under the Securities Act of 1933) approved by Agent (which approval shall not be
unreasonably withheld), provided, that, (i) neither any Borrower nor any Guarantor or any Affiliate of any Borrower or Guarantor shall qualify as an Eligible Transferee and (ii) no Person to whom any Indebtedness which is in
any way subordinated in right of payment to any other Indebtedness of any Borrower or Guarantor shall qualify as an Eligible Transferee, except as Agent may otherwise specifically agree. 

1.53 “Environmental Laws” shall mean all foreign, Federal, State and local laws (including common law), legislation, rules,
codes, licenses, permits (including any conditions imposed therein), authorizations, judicial or administrative decisions, injunctions or agreements between any Borrower or Guarantor and any Governmental Authority, (a) relating to pollution and
the protection, preservation or restoration of the environment (including air, water vapor, surface water, ground water, drinking water, drinking water supply, surface land, subsurface 

 

 15 

 
land, plant and animal life or any other natural resource), or to human health or safety, (b) relating to the exposure to, or the use, storage, recycling, treatment, generation, manufacture,
processing, distribution, transportation, handling, labeling, production, release or disposal, or threatened release, of Hazardous Materials, or (c) relating to all laws with regard to recordkeeping, notification, disclosure and reporting
requirements respecting Hazardous Materials. The term “Environmental Laws” includes (i) the Federal Comprehensive Environmental Response, Compensation and Liability Act of 1980, the Federal Superfund Amendments and Reauthorization
Act, the Federal Water Pollution Control Act of 1972, the Federal Clean Air Act, the Federal Resource Conservation and Recovery Act of 1976 (including the Hazardous and Solid Waste Amendments thereto), the Federal Solid Waste Disposal Act and the
Federal Toxic Substances Control Act, the Federal Insecticide, Fungicide and Rodenticide Act, and the Federal Safe Drinking Water Act of 1974, (ii) applicable state counterparts to such laws and (iii) any common law or equitable doctrine
that may impose liability or obligations for injuries or damages due to, or threatened as a result of, the presence of or exposure to any Hazardous Materials. 

1.54 “Equipment” shall mean, as to each Borrower and Guarantor, all of such Borrower’s and Guarantor’s now owned and
hereafter acquired equipment, wherever located, including machinery, data processing and computer equipment (whether owned or licensed and including embedded software), vehicles, tools, furniture, fixtures, all attachments, accessions and property
now or hereafter affixed thereto or used in connection therewith, and substitutions and replacements thereof, wherever located. 

1.55 “ERISA” shall mean the Employee Retirement Income Security Act of 1974, together with all rules, regulations and
interpretations thereunder or related thereto. 
 1.56 “ERISA Affiliate” shall mean any person required to be
aggregated with any Borrower, any Guarantor or any of its or their respective Subsidiaries under Sections 414(b), 414(c), 414(m) or 414(o) of the Code. 

1.57 “ERISA Event” shall mean (a) any “reportable event”, as defined in Section 4043(c) of ERISA or
the regulations issued thereunder, with respect to a Plan (other than a reportable event for which the notice provision has been waived); (b) the adoption of any amendment to a Plan that would require the provision of security pursuant to
Section 401(a)(29) of the Code or Section 307 of ERISA; (c) the existence with respect to any Plan of an “accumulated funding deficiency” (as defined in Section 412 of the Code or Section 302 of ERISA), whether or
not waived; (d) the filing pursuant to Section 412 of the Code or Section 303(d) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan; (e) the occurrence of a “prohibited
transaction” with respect to which any Borrower, Guarantor or any of its or their respective Subsidiaries is a “disqualified person” (within the meaning of Section 4975 of the Code) or with respect to which any Borrower,
Guarantor or any of its or their respective Subsidiaries could otherwise be liable; (f) a complete or partial withdrawal by any Borrower, Guarantor or any ERISA Affiliate from a Multiemployer Plan or a cessation of operations which is treated
as such a withdrawal or notification that a Multiemployer Plan is in reorganization; (g) the filing of a notice of intent to terminate, the treatment of a Plan amendment as a termination under Section 4041 or 4041A of ERISA, or the
commencement of proceedings by the Pension Benefit Guaranty Corporation to terminate a Plan; (h) an event or 
  

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condition which would reasonably be expected to constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan; (i) the
imposition of any liability under Title IV of ERISA, other than the Pension Benefit Guaranty Corporation premiums due but not delinquent under Section 4007 of ERISA, upon any Borrower, Guarantor or any ERISA Affiliate in excess of $5,000,000
and (j) any other event or condition with respect to a Plan including any Plan subject to Title IV of ERISA maintained, or contributed to, by any ERISA Affiliate that could reasonably be expected to result in liability of any Borrower in excess
of $500,000. 
 1.58 “Eurodollar Rate” shall mean with respect to the Interest Period for a Eurodollar Rate Loan, the
interest rate per annum equal to the arithmetic average of the rates of interest per annum (rounded upwards, if necessary, to the next one-sixteenth (1/100) of one (1%) percent) at which a Reference Bank is offered deposits of United
States dollars in the London interbank market (or other Eurodollar Rate market selected by a Borrower or Borrower Agent on behalf of such Borrower and approved by Agent) on or about 9:00 a.m. (New York time) two (2) Business Days prior to the
commencement of such Interest Period in amounts substantially equal to the principal amount of the Eurodollar Rate Loans requested by and available to such Borrower in accordance with this Agreement, with a maturity of comparable duration to the
Interest Period selected by or on behalf of a Borrower. 
 1.59 “Eurodollar Rate Loans” shall mean any Revolving Loans
or portion thereof on which interest is payable based on the Adjusted Eurodollar Rate in accordance with the terms hereof. 

1.60 “Event of Default” shall mean the occurrence or existence of any event or condition described in Section 10.1 hereof.

 1.61 “Excess Availability” shall mean, as to Borrowers (as a whole), the amount, as determined by Agent in good
faith, calculated at any date, equal to: 
 (a) the sum of: (i) Qualified Cash and (ii) the Borrowing
Base (in each case after giving effect to any Reserves other than any Reserves in respect of Letter of Credit Accommodations), minus 

(b) the sum of: (i) the amount of all then outstanding and unpaid Obligations (but not including for this purpose
Obligations of any Borrower arising pursuant to any guarantees in favor of Agent and Lenders of the Obligations of the other Borrowers or any outstanding Letter of Credit Accommodations), plus (ii) the amount of all Reserves then established in
respect of Letter of Credit Accommodations, plus (iii) the aggregate amount of all then outstanding and unpaid trade payables and other obligations of any Borrower which are outstanding more than sixty (60) days past due as of the end of
the immediately preceding month or at Agent’s option, as of a more recent date based on such reports as Agent may from time to time specify (other than trade payables or other obligations being contested or disputed by such Borrower in good
faith), plus (iv) without duplication, the amount of checks issued by any Borrower to pay trade payables and other obligations which are more than sixty (60) days past due as of the end of the immediately preceding month or at Agent’s
option, as of a more recent date based on such reports as Agent may from time to time specify (other than trade payables or other obligations being contested or disputed by such Borrower in good faith), but not yet sent. 

 

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 1.62 “Exchange Act” shall mean the Securities Exchange Act of 1934, together with
all rules, regulations and interpretations thereunder or related thereto. 
 1.63 “Exchange Offer Documents” shall
mean, individually and collectively, each and all of the following (as the same now exist or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced): (a) Confidential Offering Circular and Consent Solicitation
Statement with respect to the Offer to Exchange 16.0% Senior Discount Contingent Principal Notes due 2008 of J. Crew Intermediate LLC for Outstanding 13 1/8% Senior Discount Debentures due 2008 of J. Crew Group, Inc. and (b) all other
agreements, documents and instruments related thereto. 
 1.64 “Excluded Taxes” shall mean, with respect to the Agent,
any Lender, any Participant, any Transferee or any other recipient of any payment to be made by or on account of any obligation of any Borrower or Guarantor hereunder, (a) income, branch profits or franchise taxes imposed on (or measured by)
its net income (other than any such taxes imposed solely as a result of a Borrower’s activities in a jurisdiction) and (b) in the case of a Foreign Lender, any withholding tax that is imposed on amounts payable to such Foreign Lender at
the time such Foreign Lender becomes a party to this Agreement (or designates a new lending office) or is attributable to such Foreign Lender’s failure to comply with Section 6.4(h) (it being understood and agreed, for the avoidance of
doubt, that any withholding tax imposed on a Foreign Lender as a result of a Change in Law or regulation or interpretation thereof occurring after the time such Foreign Lender becomes a party to this Agreement shall not be an Excluded Tax).

 1.65 “Existing Agreement” shall mean the Loan and Security Agreement, dated as of December 23, 2002, by and
among Agent, Lenders, certain Borrowers and certain Guarantors. 
 1.66 “Fee Letter” shall mean the amended and
restated letter agreement, dated on or about the date hereof, by and among Borrowers, Guarantors and Agent, setting forth certain fees payable by Borrowers to Agent for the benefit of itself and Lenders, as the same now exists or may hereafter be
amended, modified, supplemented, extended, renewed, restated or replaced. 
 1.67 “Financing Agreements” shall mean,
collectively, this Agreement and all notes, guarantees, security agreements, deposit account control agreements, investment property control agreements, intercreditor agreements and all other agreements, documents and instruments now or at any time
hereafter executed and/or delivered by any Borrower or Obligor or any other person in connection with this Agreement; provided, that, in no event shall the term Financing Agreements be deemed to include any Hedge Agreement. 

1.68 “Fixed Interest Charge Coverage Ratio” shall mean, as to any Person, with respect to any period, the ratio of (a) the
amount equal to EBITDA of such Person and its Subsidiaries for such period to (b) the Fixed Interest Charges of such Person and its Subsidiaries for such period. 

 

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 1.69 “Fixed Interest Charges” shall mean, as to any Person and its Subsidiaries
with respect to any twelve (12) consecutive month period, the sum of, without duplication, (i) all cash Interest Expense during such period, plus (ii) all cash dividends or other distributions in respect of Capital Stock at any time
used or to be used to make regularly scheduled (as determined at the beginning of the respective period) interest payments on any Indebtedness of Holdings or Intermediate during such period, plus (iii) all Capital Expenditures during such
period, plus (iv) the cash portion of any Provision for Taxes paid in such period and unpaid amounts of any Provision for Taxes the last date for payment of which before becoming past due occurs during such period plus (v) the aggregate
amount of the payments made during such period in respect of the Indebtedness permitted under Section 9.9(t) hereof in excess of $2,500,000. 

1.70 “Foreign Lender” shall mean any Lender, Participant or Transferee that is not a “United States person” within
the meaning of Section 7701(a)(30) of the Code. 
 1.71 “GAAP” shall mean generally accepted accounting
principles in the United States of America as in effect from time to time as set forth in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and the statements and
pronouncements of the Financial Accounting Standards Board which are applicable to the circumstances as of the date of determination consistently applied, except that, for purposes of Sections 9.18 and 9.19 hereof and the calculation of EBITDA of
Parent and its Subsidiaries (or any component thereof) for purposes of this Agreement, GAAP shall be determined on the basis of such principles in effect on the date hereof and consistent with those used in the preparation of the most recent audited
financial statements delivered to Agent prior to the date hereof. 
 1.72 “Governmental Authority” shall mean any
nation or government, any state, province, or other political subdivision thereof, any central bank (or similar monetary or regulatory authority) thereof, and any entity exercising executive, legislative, judicial, regulatory or administrative
functions of or pertaining to government. 
 1.73 “Guarantors” shall mean, collectively, the following (together with
their respective successors and assigns): (a) J. Crew Group, Inc., a New York corporation; (b) J. Crew International, Inc., a Delaware corporation, and (c) J. Crew Intermediate LLC, a Delaware limited liability company; each sometimes
being referred to herein individually as a “Guarantor”. 
 1.74 “Hazardous Materials” shall mean any
hazardous, toxic or dangerous substances, materials and wastes, including hydrocarbons (including naturally occurring or man-made petroleum and hydrocarbons), flammable explosives, asbestos, urea formaldehyde insulation, radioactive materials,
polychlorinated biphenyls, pesticides, herbicides and any other kind and/or type of pollutants or contaminants (including materials which include hazardous constituents), sewage, sludge, industrial slag, solvents and including any other substances,
materials or wastes that are or become regulated under any Environmental Law (including any that are or become classified as hazardous or toxic under any Environmental Law). 

1.75 “Hedge Agreement” shall mean an agreement between any Borrower or Guarantor and Agent, any Lender, any Affiliate of any
Lender or any other financial institution acceptable to Agent (and in each case as to any such Lender, Affiliate or other financial institution only to the extent approved by Agent) that is a rate swap agreement, basis swap, forward rate agreement,
commodity swap, interest rate option, forward foreign exchange 
  

 19 

 
agreement, spot foreign exchange agreement, rate cap agreement rate, floor agreement, rate collar agreement, currency swap agreement, cross-currency rate swap agreement, currency option, any
other similar agreement (including any option to enter into any of the foregoing or a master agreement for any the foregoing together with all supplements thereto) for the purpose of protecting against or managing exposure to fluctuations in
interest or exchange rates, currency valuations or commodity prices; sometimes being collectively referred to herein as “Hedge Agreements”. 

1.76 “Inactive Subsidiary” shall mean any Subsidiary, direct or indirect, that (a) has total assets not in excess of
$50,000; (b) conducts no business; and (c) has no Indebtedness; provided, that, if more than one Subsidiary is deemed an Inactive Subsidiary pursuant to this definition, all Inactive Subsidiaries shall be considered to be a
single consolidated subsidiary for purposes of determining whether the conditions specified above are satisfied. 
 1.77
“Indebtedness” shall mean, with respect to any Person, any liability, whether or not contingent, (a) in respect of borrowed money (whether or not the recourse of the lender is to the whole of the assets of such Person or only to a
portion thereof) or evidenced by bonds, notes, debentures or similar instruments; (b) representing the balance deferred and unpaid of the purchase price of any property or services (except any such balance that constitutes an account payable to
a trade creditor (whether or not an Affiliate) created, incurred, assumed or guaranteed by such Person in the ordinary course of business of such Person in connection with obtaining goods, materials or services that is not overdue by more than
ninety (90) days, unless the trade payable is being contested in good faith); (c) all obligations as lessee under leases which have been, or should be, in accordance with GAAP recorded as Capital Leases; (d) any contractual
obligation, contingent or otherwise, of such Person to pay or be liable for the payment of any indebtedness described in this definition of another Person, including, without limitation, any such indebtedness, directly or indirectly guaranteed, or
any agreement to purchase, repurchase, or otherwise acquire such indebtedness, obligation or liability or any security therefor, or to provide funds for the payment or discharge thereof, or to maintain solvency, assets, level of income, or other
financial condition; (e) all obligations with respect to redeemable stock and redemption or repurchase obligations under any Capital Stock or other equity securities issued by such Person; (f) all reimbursement obligations and other
liabilities of such Person with respect to surety bonds (whether bid, performance or otherwise), letters of credit, banker’s acceptances, drafts or similar documents or instruments issued for such Person’s account; (g) all
indebtedness of such Person in respect of indebtedness of another Person for borrowed money or indebtedness of another Person otherwise described in this definition which is secured by any consensual lien, security interest, collateral assignment,
conditional sale, mortgage, deed of trust, or other encumbrance on any asset of such Person, whether or not such obligations, liabilities or indebtedness are assumed by or are a personal liability of such Person, all as of such time; provided, that,
to the extent that such Indebtedness is non-recourse to such Person, the amount of such Indebtedness shall not be deemed to exceed the lesser of the amount of such Indebtedness and the value of the assets securing such Indebtedness; (h) all
obligations, liabilities and indebtedness of such Person (marked to market) arising under swap agreements, cap agreements and collar agreements and other agreements or arrangements designed to protect such person against fluctuations in interest
rates or currency or commodity values; and (i) all obligations owed by such Person under License Agreements with respect to non-refundable, advance or minimum guarantee royalty payments. 

 

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 1.78 “Indemnified Taxes” shall mean Taxes other than Excluded Taxes. 

1.79 “Information Certificate” shall mean the Information Certificate of Borrowers and Guarantors constituting Exhibit B
hereto. 
 1.80 “Intellectual Property” shall mean, as to each Borrower and Guarantor, such Borrower’s and
Guarantor’s now owned and hereafter arising or acquired: patents, patent rights, patent applications, copyrights, works which are the subject matter of copyrights, copyright registrations, trademarks, trade names, trade styles, trademark and
service mark applications, and licenses and rights to use any of the foregoing; all extensions, renewals, reissues, divisions, continuations, and continuations-in-part of any of the foregoing; all rights to sue for past, present and future
infringement of any of the foregoing; inventions, trade secrets, formulae, processes, compounds, drawings, designs, blueprints, surveys, reports, manuals, and operating standards; goodwill (including any goodwill associated with any trademark or the
license of any trademark); customer and other lists in whatever form maintained; trade secret rights, copyright rights, rights in works of authorship, domain names and domain name registration; software and contract rights relating to computer
software programs, in whatever form created or maintained. 
 1.81 “Intercompany Note” shall mean the Revolving Line
of Credit Note, dated as of July 18, 1998, by Operating, as maker, in favor of JCI, as payee, in the original principal amount of $50,000,000, as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed,
restated or replaced. 
 1.82 “Interest Expense” shall mean, for any period, as to any Person, as determined in
accordance with GAAP, the total interest expense of such Person, whether paid or accrued during such period (including the interest component of Capital Leases for such period), including discounts in connection with the sale of any Accounts, but
excluding interest paid in property other than cash and any other interest expense not payable in cash. 
 1.83 “Interest
Period” shall mean for any Eurodollar Rate Loan, a period of approximately one (1), two (2), or three (3) months duration as any Borrower (or Borrower Agent on behalf of such Borrower) may elect, the exact duration to be determined in
accordance with the customary practice in the applicable Eurodollar Rate market; provided, that, such Borrower (or Borrower Agent on behalf of such Borrower) may not elect an Interest Period which will end after the last day of the
then-current term of this Agreement. 
 1.84 “Interest Rate” shall mean, 

(a) subject to clause (b) of this definition below: 

(i) as to Prime Rate Loans, a rate equal to the then Applicable Margin for Prime Rate Loans on a per annum basis in excess
of the Prime Rate, and 
 (ii) as to Eurodollar Rate Loans, a rate equal to the then applicable Margin for
Eurodollar Rate Loans on a per annum basis in excess of the Adjusted Eurodollar Rate. 
  

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 (b) Notwithstanding anything to the contrary contained herein, Agent may, at
its option, and Agent shall, at the direction of the Required Lenders, increase the Applicable Margin otherwise used to calculate the Interest Rate for Prime Rate Loans and Eurodollar Rate Loans in each case to the highest percentage set forth in
the definition of the term Applicable Margin for each category of Revolving Loans (without regard to the amount of Quarterly Average Excess Availability) plus two (2%) percent per annum: (A) for the period (1) from and after the
effective date of termination or non-renewal hereof until Agent and Lenders have received full and final payment of all outstanding and unpaid Obligations which are not contingent and cash collateral or letter of credit, as Agent may specify, in the
amounts and on the terms required under Section 14.1 hereof for contingent Obligations (notwithstanding entry of a judgment against any Borrower or Guarantor) and (2) from and after the date of the occurrence of an Event of Default and for
so long as such Event of Default is continuing and (B) on Revolving Loans at any time outstanding in excess of the Borrowing Base (whether or not such excess(es) arise or are made with or without the knowledge or consent of Agent or any Lender
and whether made before or after an Event of Default), but only to the extent of such excess. 
 1.85 “Intermediate”
shall mean J. Crew Intermediate LLC, a Delaware limited liability company, together with its successors and assigns. 
 1.86
“Inventory” shall mean, as to each Borrower and Guarantor, all of such Borrower’s and Guarantor’s now owned and hereafter existing or acquired goods, wherever located, which (a) are leased by such Borrower or Guarantor as
lessor; (b) are held by such Borrower or Guarantor for sale or lease or to be furnished under a contract of service; (c) are furnished by such Borrower or Guarantor under a contract of service; or (d) consist of raw materials, work in
process, finished goods or materials used or consumed in its business. 
 1.87 “Investment Property Control Agreement”
shall mean an agreement in writing, in form and substance satisfactory to Agent, by and among Agent, any Borrower or Guarantor (as the case may be) and any securities intermediary, commodity intermediary or other person who has custody, control or
possession of any investment property of such Borrower or Guarantor acknowledging that such securities intermediary, commodity intermediary or other person has custody, control or possession of such investment property on behalf of Agent, that it
will comply with entitlement orders originated by Agent with respect to such investment property, or other instructions of Agent, or (as the case may be) apply any value distributed on account of any commodity contract as directed by Agent, in each
case, without the further consent of such Borrower or Guarantor and including such other terms and conditions as Agent may require. 

1.88 “J. Crew Card” shall mean the private label credit card issued by World Financial Network National Bank pursuant to the
Credit Card Agreement of Operating with such Bank (or any subsequent Credit Card Issuer with respect to such private label credit card as to which there has been compliance with Section 9.15 hereof) to customers or prospective customers of
Borrowers. 
 1.89 “Lenders” shall mean the financial institutions who are signatories hereto as Lenders and other
persons made a party to this Agreement as a Lender in accordance with Section 14.7 hereof, and their respective successors and assigns; each sometimes being referred to herein individually as a “Lender”. 

 

 22 

 1.90 “Letter of Credit Accommodations” shall mean, collectively, the letters of
credit, merchandise purchase or other guaranties which are from time to time either (a) issued or opened by Agent or any Lender for the account of any Borrower or Obligor or (b) with respect to which Agent or Lenders have agreed to
indemnify the issuer or guaranteed to the issuer the performance by any Borrower or Obligor of its obligations to such issuer; sometimes being referred to herein individually as “Letter of Credit Accommodation”. 

1.91 “License Agreements” shall have the meaning set forth in Section 8.13 hereof. 

1.92 “Material Adverse Effect” shall mean a material adverse effect on (a) the financial condition, business, performance
or operations of Borrowers, taken as a whole, or the legality, validity or enforceability of this Agreement or any of the other Financing Agreements; (b) the legality, validity, enforceability, perfection or priority of the security interests
and liens of Agent upon the Collateral; (c) the Collateral or its value, (d) the ability of Borrowers to repay the Obligations or of Borrowers or Guarantors to perform their obligations under this Agreement or any of the other Financing
Agreements as and when to be performed; or (e) the ability of Agent or any Lender to enforce the Obligations or realize upon the Collateral or otherwise with respect to the rights and remedies of Agent and Lenders under this Agreement or any of
the other Financing Agreements (taken as a whole). 
 1.93 “Material Contract” shall mean (a) any contract or
other agreement (other than the Financing Agreements or purchase orders for merchandise entered into in the ordinary course of the business of any Borrower or Guarantor), written or oral, of any Borrower or Guarantor involving monetary liability of
or to any Person in an amount in excess of $5,000,000 in any fiscal year and (b) any other contract or other agreement (other than the Financing Agreements), whether written or oral, to which any Borrower or Guarantor is a party as to which the
breach, nonperformance, cancellation or failure to renew by any party thereto would have a Material Adverse Effect. 
 1.94
“Maximum Credit” shall mean $ 170,000,000, subject to increase in accordance with Section 2.9 hereof. 
 1.95
“Mortgages” shall mean, individually and collectively, each of the following (as the same now exist or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced): (a) the Deed of Trust, Assignment of
Rents and Leases, Security Agreement and Fixture Filing, dated December 23, 2002, by Retail in favor of Agent with respect to the Real Property and related assets of such Borrower located in Asheville, North Carolina and (b) the Deed of
Trust, Assignment of Rents and Leases, Security Agreement and Fixture Filing, dated December 23, 2002, by J. Crew and Parent in favor of Agent with respect to the Real Property and related assets of such Borrower and Parent located in
Lynchburg, Virginia. 
 1.96 “Multiemployer Plan” shall mean a “multiemployer plan” as defined in
Section 4001(a)(3) of ERISA which is or was at any time during the current year or the immediately preceding six (6) years contributed to by any Borrower, Guarantor or any ERISA Affiliate. 

 

 23 

 1.97 “Net Recovery Percentage” shall mean the fraction, expressed as a percentage,
(a) the numerator of which is the amount equal to the recovery on the aggregate amount of the Inventory at such time on a “going out of business sale” basis as set forth in the most recent appraisal of Inventory received by Agent in
accordance with Section 7.3, net of operating expenses, liquidation expenses and commissions, and (b) the denominator of which is the applicable original cost of the aggregate amount of the Inventory subject to appraisal. Except for the
month of December as provided in Section 1.10(a)(i)(B) and (C), the Net Recovery Percentage for any category of Inventory used in Section 1.21 shall be based on the percentage in the appraisal for the time period for which the Borrowing
Base is being calculated. 
 1.98 “Noteholder Collateral Agent” shall mean U.S. Bank, National Association, and any
successor or replacement agent or any sub-agent under the Black Canyon Documents. 
 1.99 “Obligations” shall mean
(a) any and all Revolving Loans, Letter of Credit Accommodations and all other obligations, liabilities and indebtedness of every kind, nature and description owing by any or all of Borrowers to Agent or any Lender and/or any of their
Affiliates, including principal, interest, charges, fees, costs and expenses, however evidenced, whether as principal, surety, endorser, guarantor or otherwise, arising under this Agreement or any of the other Financing Agreements, whether now
existing or hereafter arising, whether arising before, during or after the initial or any renewal term of this Agreement or after the commencement of any case with respect to such Borrower under the United States Bankruptcy Code or any similar
statute (including the payment of interest and other amounts which would accrue and become due but for the commencement of such case, whether or not such amounts are allowed or allowable in whole or in part in such case), whether direct or indirect,
absolute or contingent, joint or several, due or not due, primary or secondary, liquidated or unliquidated, or secured or unsecured and (b) for purposes only of Section 5.1 hereof and subject to the priority in right of payment set forth
in Section 6.4 hereof, all obligations, liabilities and indebtedness of every kind, nature and description owing by any or all of Borrowers or Guarantors to Agent, any Lender, any Affiliate of any Lender or any other financial institution
acceptable to Agent (and in each case as to any such Lender, Affiliate of any Lender or other financial institution only to the extent approved by Agent) arising under or pursuant to a Hedge Agreement, whether now existing or hereafter arising,
provided, that, (i) such obligations, liabilities and indebtedness shall only be included within the Obligations if upon Agent’s request, Agent shall have entered into an agreement, in form and substance satisfactory to
Agent, with any Lender, any Affiliate of any Lender or any other financial institution acceptable to Agent that is a counterparty to such Hedge Agreement, as acknowledged and agreed to by Borrowers and Guarantors, providing for the delivery to Agent
by such counterparty of information with respect to the amount of such obligations and providing for the other rights of Agent and such Lender, Affiliate of any Lender or any other financial institution acceptable to Agent, as the case may be, in
connection with such arrangements and (ii) in no event shall the party to such Hedge Agreement to whom such obligations, liabilities or indebtedness are owing be deemed a Lender for purposes hereof to the extent of and as to such obligations,
liabilities or indebtedness other than for purposes of Section 5.1 hereof and other than for purposes of Sections 12.1, 12.2, 12.3(b), 12.6, 12.7, 12.9, 12.12 and 14.6 hereof and in no event shall the approval of any such person be required in
connection with the release or termination of any security interest or lien of Agent. Without limiting the generality of the foregoing, the Obligations shall also include, in addition and not in limitation, any obligations, liabilities or
Indebtedness of any other Borrower or Guarantor to Agent and Lenders resulting from the exercise by Agent of its remedies with respect to any Indebtedness or other obligations of any Borrower or Guarantor to any other Borrower or Guarantor, whether

  

 24 

 
such Indebtedness or other obligations of a Borrower or Guarantor to any other Borrower or Guarantor arose from the sale or transfer of Inventory, the payment of the purchase price of Inventory
by a Borrower or Guarantor on behalf of such other Borrower or Guarantor, loans or other extensions of credit for the benefit of such other Borrower or Guarantor or otherwise. 

1.100 “Obligor” shall mean any guarantor, endorser, acceptor, surety or other person liable on or with respect to the
Obligations or who is the owner of any property which is security for the Obligations (including, without limitation, Guarantors), other than Borrowers. 

1.101 “Other Taxes” shall mean any present or future stamp or documentary taxes or any other excise or property taxes, charges
or similar levies which arise from any payment made hereunder or from the execution, delivery or registration of, or otherwise with respect to, this Agreement or any of the other Financing Agreements. 

1.102 “Parent” shall mean J. Crew Group, Inc., a New York corporation, and its successors and assigns. 

1.103 “Participant” shall mean any financial institution that acquires and holds a participation in the interest of any Lender
in any of the Revolving Loans and Letter of Credit Accommodations in conformity with the provisions of Section 14.7 of this Agreement governing participations. 

1.104 “Permitted Holders” shall mean, collectively, (a) TPG Partners II, L.P. and its Affiliates, (b) Millard S.
Drexler and his immediate family members, (c) Emily Woods and her immediate family members and (d) trusts for the benefit of any of the forgoing Persons, or any of their heirs, executors, successors or legal representatives. 

1.105 “Person” or “person” shall mean any individual, sole proprietorship, partnership, corporation (including any
corporation which elects subchapter S status under the Code), limited liability company, limited liability partnership, business trust, unincorporated association, joint stock corporation, trust, joint venture or other entity or any government or
any agency or instrumentality or political subdivision thereof. 
 1.106 “Plan” means an employee benefit plan (as
defined in Section 3(3) of ERISA) which any Borrower or Guarantor sponsors, maintains, or to which it makes, is making, or is obligated to make contributions, including a Multiemployer Plan. 

1.107 “Prime Rate” shall mean the rate from time to time publicly announced by Wachovia Bank, National Association, or its
successors, as its prime rate, whether or not such announced rate is the best rate available at such bank. 
 1.108 “Prime
Rate Loans” shall mean any Revolving Loans or portion thereof on which interest is payable based on the Prime Rate in accordance with the terms thereof. 

1.109 “Pro Rata Share” shall mean as to any Lender, the fraction (expressed as a percentage) the numerator of which is such
Lender’s Commitment and the denominator of which is the aggregate amount of all of the Commitments of Lenders, as adjusted from time to time in accordance with the provisions of Section 14.7 hereof; provided, that, if the
Commitments have 
  

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been terminated, the numerator shall be the unpaid amount of such Lender’s Revolving Loans and its interest in the Letter of Credit Accommodations and the denominator shall be the aggregate
amount of all unpaid Revolving Loans and Letter of Credit Accommodations. 
 1.110 “Provision for Taxes” shall mean an
amount equal to all taxes imposed on or measured by net income, whether Federal, State, Provincial, county or local, and whether foreign or domestic, that are paid or payable by any Person in respect of any period in accordance with GAAP.

 1.111 “Qualified Cash” shall mean unrestricted cash or Cash Equivalents of Borrowers that are subject to the valid,
enforceable and first priority perfected security interest of Agent in an investment account or deposit account at an institution reasonably acceptable to Agent pursuant to a Deposit Account Control Agreement or an Investment Property Control
Agreement, as applicable, and which cash and Cash Equivalents are not subject to any other security interest, pledge, lien, encumbrance or claim, except to the extent that the holder of any of the same has entered into an intercreditor agreement
with Agent, in form and substance reasonably satisfactory to Agent (other than customary liens or rights of setoff of the institution maintaining such accounts permitted hereunder solely in its capacity as a depository, provided, that, for purposes
of the amount of Qualified Cash included in the calculation of Excess Availability, such amount may be reduced, at Agent’s option, by any obligations owing to such institution and Borrowers shall provide such information with respect to such
obligations as Agent may from time to time request). 
 1.112 “Quarterly Average Excess Availability” shall mean, at
any time, the daily average of the aggregate amount of the Excess Availability of Borrowers for the immediately preceding fiscal quarter. 

1.113 “Real Property” shall mean all now owned and hereafter acquired real property of each Borrower and Guarantor, including
leasehold interests (other than with respect to retail store locations), together with all buildings, structures, and other improvements located thereon and all licenses, easements and appurtenances relating thereto, wherever located, including the
real property and related assets more particularly described in the Mortgages. 
 1.114 “Real Property Availability”
shall mean $4,074,000, provided, that, the Real Property Availability shall be adjusted after the date hereof to mean the amount equal to the lesser of $8,000,000 or sixty-five (65%) percent of the appraised fair market value of
the Eligible Real Property then owned by Borrowers; provided, that, such adjustment shall be effective on the first day of the month after each of the following conditions is satisfied or such earlier date following the satisfaction of
such conditions as agreed to by Agent: (a) Agent shall have received the written request of Borrower Agent for such adjustment, (b) as of the date of such adjustment, no Event of Default shall exist or have occurred and be continuing,
(c) Agent shall have received at the expense of Borrowers not less than ten (10) Business Days’ prior to the effectiveness of such adjustment, a final written report of an updated, current appraisal of the Eligible Real Property by an
appraiser reasonably acceptable to Agent (which shall be one of the appraisers selected by Agent from its list of approved appraisers), on which Agent and Lenders shall be expressly permitted to rely, and that is in form, scope and methodology
reasonably satisfactory to Agent, and (d) the amount of the appraised fair market value of the Eligible Real Property used for purposes of adjusting the Real Property Availability shall be based on such appraisal. 

 

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 1.115 “Receivables” shall mean all of the following now owned or hereafter arising
or acquired property of each Borrower and Guarantor: (a) all Accounts; (b) all interest, fees, late charges, penalties, collection fees and other amounts due or to become due or otherwise payable in connection with any Account;
(c) all payment intangibles of such Borrower or Guarantor; (d) letters of credit, indemnities, guarantees, security or other deposits and proceeds thereof issued payable to any Borrower or Guarantor or otherwise in favor of or delivered to
any Borrower or Guarantor in connection with any Account or any Credit Card Receivables; or (e) all other accounts, contract rights, chattel paper, instruments, notes, general intangibles and other forms of obligations owing to any Borrower or
Guarantor, whether from the sale and lease of goods or other property, licensing of any property (including Intellectual Property or other general intangibles), rendition of services or from loans or advances by any Borrower or Guarantor or to or
for the benefit of any third person (including loans or advances to any Affiliates or Subsidiaries of any Borrower or Guarantor) or otherwise associated with any Accounts, Inventory or general intangibles of any Borrower or Guarantor (including,
without limitation, choses in action, causes of action, tax refunds, tax refund claims, any funds which may become payable to any Borrower or Guarantor in connection with the termination of any Plan or other employee benefit plan and any other
amounts payable to any Borrower or Guarantor from any Plan or other employee benefit plan, rights and claims against carriers and shippers, rights to indemnification, business interruption insurance and proceeds thereof, casualty or any similar
types of insurance and any proceeds thereof and proceeds of insurance covering the lives of employees on which any Borrower or Guarantor is a beneficiary). 

1.116 “Records” shall mean, as to each Borrower and Guarantor, all of such Borrower’s and Guarantor’s present and
future books of account of every kind or nature, purchase and sale agreements, invoices, ledger cards, bills of lading and other shipping evidence, statements, correspondence, memoranda, credit files and other data relating to the Collateral or any
account debtor, together with the tapes, disks, diskettes and other data and software storage media and devices, file cabinets or containers in or on which the foregoing are stored (including any rights of any Borrower or Guarantor with respect to
the foregoing maintained with or by any other person). 
 1.117 “Reference Bank” shall mean Wachovia Bank, National
Association, or such other bank as Agent may from time to time designate. 
 1.118 “Refinancing Indebtedness” shall
have meaning set forth in Section 9.9 hereof. 
 1.119 “Renewal Date” shall the meaning set forth in
Section 14.1 hereof. 
 1.120 “Register” shall have the meaning set forth in Section 14.7 hereof.

 1.121 “Required Lenders” shall mean, at any time, those Lenders whose Pro Rata Shares aggregate sixty-six and
two-thirds (66 2/3%) percent or more of the aggregate of the Commitments of all Lenders, or if the Commitments shall have been terminated, Lenders to whom at least sixty-six and two-thirds (66 2/3%) percent of the then outstanding Obligations are
owing. 
  

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 1.122 “Reserves” shall mean as of any date of determination, such amounts as Agent
may from time to time establish and revise in good faith reducing the amount of Revolving Loans and Letter of Credit Accommodations which would otherwise be available to any Borrower under the lending formula(s) provided for herein: (a) to
reflect events, conditions, contingencies or risks which adversely affect, or would have a reasonable likelihood of adversely affecting, either (i) any of the Collateral of the types or categories included in the Borrowing Base or related
thereto or its value or (ii) the assets or business of any Borrower or Obligor or (iii) the security interests and other rights of Agent or any Lender in the Collateral (including the enforceability, perfection and priority thereof) or
(b) to reflect Agent’s good faith belief that any collateral report or financial information furnished by or on behalf of any Borrower or Obligor to Agent is or may have been incomplete, inaccurate or misleading in any material respect or
(c) to reflect outstanding Letter of Credit Accommodations as provided in Section 2.2 hereof or (d) in respect of any state of facts which Agent determines in good faith constitutes a Default or an Event of Default. Without limiting
the generality of the foregoing, Reserves may be established to reflect any of the following: (i) that dilution with respect to the Credit Card Receivables (based on the ratio of the aggregate amount of non-cash reductions in Credit Card
Receivables for any period to the aggregate dollar amount of the sales of Borrowers giving rise to Credit Card Receivables for such period) as calculated by Agent for any period is or is reasonably anticipated to be greater than five
(5%) percent, (ii) to the extent that the fair market value of any of the Real Property subject to the Mortgages as set forth in the most recent acceptable appraisals received by Agent with respect thereto has declined so that the amount
of the Real Property Availability is greater than sixty (60%) percent of such appraised fair market value, (iii) inventory shrinkage, (iv) reserves in respect of markdowns and cost variances (pursuant to discrepancies between the
purchase order price of Inventory and the actual cost thereof), (v) amounts due or to become due in respect of sales, use and/or withholding taxes, (vi) any rental payments, service charges or other amounts to become due to lessors of real
property to the extent Inventory or Records are located in or on such property or such Records are needed to monitor or otherwise deal with the Collateral, provided, that, the Reserves established pursuant to this clause (vi) as
to retail store locations (including factory store locations) that are leased shall not exceed at any time the aggregate of amounts payable for the next three (3) months to the lessors of such retail store locations (including factory store
locations) located in those States where any right of the lessor to Collateral may have priority over the security interest and lien of Agent therein, provided, that, such limitation on the amount of the Reserves pursuant to this
clause (vi) shall only apply so long as: (A) no Event of Default shall exist or have occurred and be continuing, (B) neither a Borrower, Guarantor nor Agent shall have received notice of any event of default by the lessee under the
lease with respect to such location and (C) no Borrower has granted to the lessor a security interest or lien upon any assets of such Borrower, (vii) any rental payments, service changes or other amounts due or to become due to lessors of
personal property; (viii) amounts owing by Borrowers to Credit Card Issuers or Credit Card Processors in connection with the Credit Card Agreements, (ix) up to fifty (50%) percent of the aggregate amount of merchandise gift
certificates and coupons, (x) an increase in the number of days of the turnover of Inventory or a change in the mix of the Inventory that results in an overall decrease in the value thereof or a deterioration in its nature or quality (but only
to the extent not addressed by the lending formulas in a manner satisfactory to Agent), (xi) variances between the perpetual inventory records of 

 

 28 

 
Borrowers and the results of the test counts of Inventory conducted by Agent with respect thereto in excess of the percentage acceptable to Agent, (xii) the aggregate amount of deposits, if
any, received by any Borrower from its retail customers in respect of unfilled orders for merchandise and the purchase price of layaway goods, and (xiii) obligations, liabilities or indebtedness (contingent or otherwise) of Borrowers or
Guarantors to Agent, any Lender, any Affiliate of any Lender or any other financial institution acceptable to Agent (and in each case as to any such Lender, Affiliate of any Lender or other financial institution only to the extent approved by Agent)
arising under or in connection with any Hedge Agreement of any Borrower or Guarantor with Agent, any Lender, any Affiliate of any Lender or any other financial institution acceptable to Agent or as such Person may otherwise require in connection
therewith to the extent that such obligation, liabilities or indebtedness constitute Obligations as such term is defined herein or otherwise receive the benefit of the security interest of Agent in any Collateral. The amount of any Reserve
established by Agent shall have a reasonable relationship to the event, condition or other matter which is the basis for such Reserve as determined by Agent in good faith. In the event that based on the calculation of the Borrowing Base by Agent at
the time, the establishment of a Reserve at such time will result in there being no Excess Availability at such time, Agent shall give Borrower Agent one (1) Business Day’s notice prior to establishing such new Reserves. Promptly upon the
receipt of such notice, Borrowers shall take such action as may be required so that the event, condition or matters that is the basis for the Reserve no longer exists in a manner and to the extent satisfactory to Agent. In no event shall such notice
and opportunity limit the right of Agent to establish such Reserve unless Agent shall have determined that the event, condition or other matter that is the basis for such new Reserve no longer exists or has otherwise been addressed in a manner and
to the extent satisfactory to Agent so that Agent determines that such Reserve does not need to be established. 
 1.123
“Restricted Payment” shall mean any dividend or other distribution (whether in cash, securities or other property) with respect to any shares of any class of Capital Stock of Parent, Operating or any Subsidiary of either of them, or any
payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such shares of Capital Stock of Parent,
Operating or any Subsidiary or any option, warrant or other right to acquire any such shares of Capital Stock of Parent, Operating or any such Subsidiary. 

1.124 “Revolving Loans” shall mean the loans now or hereafter made by or on behalf of any Lender or by Agent for the account of
any Lender on a revolving basis pursuant to the Credit Facility (involving advances, repayments and readvances) as set forth in Section 2.1 hereof and any reference to the term “Loans” used herein shall have the same meaning as the
term Revolving Loans. 
 1.125 “Securities Laws” shall mean the Securities Act of 1933, as amended, the Securities
Exchange Act of 1934, as amended, and all rules, regulations and interpretations issued pursuant thereto or in connection therewith, and all state and local statutes, rules and regulations issued in connection therewith or related thereto, as the
same now exist or may hereafter be amended, modified, interpreted, recodified or supplemented. 
 1.126 “Senior Debenture
Indenture” shall mean the Indenture, dated as of October 17, 1997, between Parent, as issuer, and State Street Bank and Trust Company, as trustee, with respect to the Senior Discount Debentures as the same now exists or may hereafter be
amended, modified, supplemented, extended, renewed, restated or replaced. 
  

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 1.127 “Senior Discount Debentures” shall mean, collectively, the 13 1/8% Senior
Discount Debentures due 2008 issued by Parent pursuant to the Senior Debenture Indenture, as the same now exist or may hereafter be amended, modified, supplemented, extended, modified, supplemented, extended, renewed, restated or replaced.

 1.128 “16% Senior Discount Note Indenture” shall mean the Indenture, dated May 6, 2003, between Intermediate,
as issuer and 16% Senior Discount Note Trustee, with respect to the 16% Senior Discount Notes, as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced. 

1.129 “16% Senior Discount Notes” shall mean, collectively, the 16.0% Senior Discount Contingent Principal Notes due 2008
issued by Intermediate under the 16% Senior Discount Note Indenture, as the same now exist or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced. 

1.130 “16% Senior Discount Note Trustee” shall mean U.S. Bank, National Association, and its successors and assigns, and any
replacement trustee permitted pursuant to the terms and conditions of the 16% Senior Discount Note Indenture. 
 1.131
“Solvent” shall mean, at any time with respect to any Person, that at such time such Person (a) is able to pay its debts as they mature and has (and has a reasonable basis to believe it will continue to have) sufficient capital (and
not unreasonably small capital) to carry on its business consistent with its practices as of the date hereof, and (b) the assets and properties of such Person at a fair valuation (and including as assets for this purpose at a fair valuation all
rights of subrogation, contribution or indemnification arising pursuant to any guarantees given by such Person) are greater than the Indebtedness of such Person, and including subordinated and contingent liabilities computed at the amount which,
such person has a reasonable basis to believe, represents an amount which can reasonably be expected to become an actual or matured liability (and including as to contingent liabilities arising pursuant to any guarantee the face amount of such
liability as reduced to reflect the probability of it becoming a matured liability). 
 1.132 “Special Agent Advances”
shall have the meaning set forth in Section 12.11 hereof. 
 1.133 “Standby Letter of Credit” shall mean all
Letter of Credit Accommodations other than Commercial Letters of Credit. 
 1.134 “Store Accounts” shall have the
meaning set forth in Section 6.3 hereof. 
 1.135 “Subsidiary” or “subsidiary” shall mean, with respect
to any Person, any corporation, limited liability company, limited liability partnership or other limited or general partnership, trust, association or other business entity of which an aggregate of at least a majority of the outstanding Capital
Stock or other interests entitled to vote in the election of the board of directors of such corporation (irrespective of whether, at the time, Capital Stock of any other class or classes of such corporation shall have or might have voting power by
reason of the 
  

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happening of any contingency), managers, trustees or other controlling persons, or an equivalent controlling interest therein, of such Person is, at the time, directly or indirectly, owned by
such Person and/or one or more subsidiaries of such Person. 
 1.136 “Syndication Agent” shall mean Bank of America
N.A., in its capacity as syndication agent on behalf of Lenders pursuant to the terms hereof and any replacement or successor syndication agent hereunder. 

1.137 “Taxes” shall mean any and all present or future taxes, levies, imposts, deductions, charges or withholdings, and all
liabilities with respect thereto, excluding, in the case of Agent or any Lender, such taxes (including income taxes, franchise taxes or capital taxes) as are imposed on or measured by such Lender’s net income or capital by any jurisdiction (or
any political subdivision thereof). 
 1.138 “10 3/8% Subordinated Notes” shall mean, collectively, the 10 3/8% Senior
Subordinated Notes due 2007 issued by Operating under the 10 3/8% Subordinated Note Indenture, as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced. 

1.139 “10 3/8% Subordinated Note Indenture” shall mean the Indenture, dated as of October 17, 1997, by and among
Operating, as issuer, Borrowers, and certain Affiliates of Borrowers, as guarantors, and State Street Bank and Trust Company, as trustee, with respect to the 10 3/8% Subordinated Notes, as the same now exists or may hereafter be amended, modified,
supplemented, extended, renewed, restated, or replaced. 
 1.140 “TPG Partners” shall mean (a) TPG Partners II,
L.P.; (b) any managing director, principal, officer or employee of TPG Partners II, L.P. who control it as of the date of this Agreement; and (c) any other Person controlled by any of the Persons included in clauses (a) and
(b) of this definition. For the purposes of this definition, the term “control” (including with correlative meanings, the terms “controlled by” and “under common control with”), as used with respect to any Person,
means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of Voting Stock, by agreement or otherwise. 

1.141 “Transferee” shall mean any transferee or assignee of a Lender or a Participant. 

1.142 “UCC” shall mean the Uniform Commercial Code as in effect in the State of New York, and any successor statute, as in
effect from time to time (except that terms used herein which are defined in the Uniform Commercial Code as in effect in the State of New York on the date hereof shall continue to have the same meaning notwithstanding any replacement or amendment of
such statute except as Agent may otherwise determine). 
 1.143 “Value” shall mean, as determined by Agent in good
faith, with respect to Inventory, the lower of (a) cost computed on a first-in first-out basis in accordance with GAAP or (b) market value, provided, that, for purposes of the calculation of the Borrowing Base, (i) the
Value of the Inventory shall not include: (A) the portion of the Value of Inventory equal to the profit earned by any Affiliate on the sale thereof to any Borrower or (B) write-ups or write-downs in value with respect to currency exchange
rates and (ii) notwithstanding anything to the contrary contained herein, the cost of the Inventory shall be computed in the same manner and consistent with the most recent appraisal of the Inventory received by Agent prior to the date hereof,
if any. 
  

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 1.144 “Voting Stock” shall mean with respect to any Person, (a) one
(1) or more classes of Capital Stock of such Person having general voting powers to elect at least a majority of the board of directors, managers or trustees of such Person, irrespective of whether at the time Capital Stock of any other class
or classes have or might have voting power by reason of the happening of any contingency, and (b) any Capital Stock of such Person convertible or exchangeable without restriction at the option of the holder thereof into Capital Stock of such
Person described in clause (a) of this definition. 
 1.145 “Weighted Average Life to Maturity” shall mean, when
applied to any Indebtedness at any date, the number of years obtained by dividing (a) the then outstanding principal amount of such Indebtedness into (b) the total of the product obtained by multiplying (i) the amount of each then
remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect thereof, by (ii) the number of years (calculated to the nearest one-twelfth) that will elapse between
such date and the making of such payment. 
 SECTION 2. CREDIT FACILITIES 

2.1 Revolving Loans. Subject to and upon the terms and conditions contained herein, each Lender severally (and not jointly) agrees
to make its Pro Rata Share of Revolving Loans to Borrowers from time to time in amounts requested by Borrowers (or Borrower Agent on behalf of Borrowers) up to the amount outstanding at any time equal to the Borrowing Base at such time. 

2.2 Letter of Credit Accommodations. 

(a) Subject to and upon the terms and conditions contained herein, at the request of a Borrower (or Borrower Agent on
behalf of such Borrower), Agent agrees, for the ratable risk of each Lender according to its Pro Rata Share, to provide or arrange for Letter of Credit Accommodations for the account of such Borrower containing terms and conditions acceptable to
Agent and the issuer thereof. Any payments made by or on behalf of Agent or any Lender to any issuer thereof and/or related parties in connection with the Letter of Credit Accommodations provided to or for the benefit of a Borrower shall constitute
additional Revolving Loans to such Borrower pursuant to this Section 2 (or Special Agent Advances as the case may be). 

(b) In addition to any charges, fees or expenses charged by any bank or issuer in connection with the Letter of Credit
Accommodations, Borrowers shall pay to Agent, for the benefit of Lenders, monthly a letter of credit fee at a rate equal to the percentage (on a per annum basis) set forth below on the daily outstanding balance of the Letter of Credit Accommodations
during the immediately preceding month (or part thereof), payable in arrears as of the first of each succeeding month, provided, that, such percentage shall be increased or decreased, as the case may be, to the percentage (on a per
annum basis) set forth below based on the Quarterly 
  

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Average Excess Availability for the immediately preceding fiscal quarter being at or within the amounts indicated for such percentage: 

 

									
	 Tier
	  	 Quarterly Average

Excess Availability
	  	Documentary
L/C Rate	 	 	Standby L/C
Rate	 
	1	  	Greater than $55,000,000	  	.625	% 	 	1.250	% 
	2	  	Less than or equal to $55,000,000 and greater than $40,000,000	  	.750	% 	 	1.250	% 
	3	  	Less than or equal to $40,000,000 and greater than $20,000,000	  	.875	% 	 	1.250	% 
	4	  	Less than or equal to $20,000,000	  	1.000	% 	 	1.250	% 

 provided, that,
(i) the applicable percentage shall be calculated and established once each fiscal quarter and shall remain in effect until adjusted thereafter after the end of the next fiscal quarter, (ii) if the Excess Availability is greater than
$40,000,000 as of the date hereof, the applicable percentage through the last day of the sixth (6th) month after the date hereof shall be the amount for Tier 2 set forth above, and (iii) notwithstanding anything to the contrary contained
herein, Agent may, and upon the written direction of Required Lenders shall, require Borrowers to pay to Agent for the benefit of Lenders, such letter of credit fee at a rate equal to two (2%) percent per annum on such daily outstanding balance
higher than the otherwise applicable percentage: (A) for the period (1) from and after the effective date of termination or non-renewal hereof until Agent and Lenders have received full and final payment of all outstanding and unpaid
Obligations which are not contingent and cash collateral or letter of credit, as Agent may specify, in the amounts and on the terms required under Section 14.1 hereof for contingent Obligations (notwithstanding entry of a judgment against any
Borrower or Guarantor) and (2) from and after the date of the occurrence of an Event of Default and for so long as such Event of Default is continuing. 

(c) The Borrower requesting such Letter of Credit Accommodation (or Borrower Agent on behalf of such Borrower) shall give
Agent two (2) Business Days’ prior written notice of such Borrower’s request for the issuance of a Letter of Credit Accommodation. Such notice shall be irrevocable and shall specify the original face amount of the Letter of Credit
Accommodation requested, the effective date (which date shall be a Business Day) of issuance of such requested Letter of Credit Accommodation, whether such Letter of Credit Accommodations may be drawn in a single or in partial draws, the date on
which such requested Letter of Credit Accommodation is to expire (which date shall be a Business Day and in no event shall the expiration date of any Letter of Credit Accommodation be a date less than five (5)

  

 33 

 
Business Days prior to the end of the then current term of this Agreement), the purpose for which such Letter of Credit Accommodation is to be issued, and the beneficiary of the requested Letter
of Credit Accommodation. The Borrower requesting the Letter of Credit Accommodation (or Borrower Agent on behalf of such Borrower) shall attach to such notice the proposed form of the Letter of Credit Accommodation. 

(d) In addition to being subject to the satisfaction of the applicable conditions precedent contained in Section 4
hereof and the other terms and conditions contained herein, no Letter of Credit Accommodations shall be available unless each of the following conditions precedent have been satisfied in a manner satisfactory to Agent: (i) the Borrower
requesting such Letter of Credit Accommodation (or Borrower Agent on behalf of such Borrower) shall have delivered to the proposed issuer of such Letter of Credit Accommodation at such times and in such manner as such proposed issuer may require, an
application, in form and substance satisfactory to such proposed issuer and Agent, for the issuance of the Letter of Credit Accommodation and such other documents as may be required pursuant to the terms thereof, and the form and terms of the
proposed Letter of Credit Accommodation shall be satisfactory to Agent and such proposed issuer, (ii) as of the date of issuance, no order of any court, arbitrator or other Governmental Authority shall purport by its terms to enjoin or restrain
money center banks generally from issuing letters of credit of the type and in the amount of the proposed Letter of Credit Accommodation, and no law, rule or regulation applicable to money center banks generally and no request or directive (whether
or not having the force of law) from any Governmental Authority with jurisdiction over money center banks generally shall prohibit, or request that the proposed issuer of such Letter of Credit Accommodation refrain from, the issuance of letters of
credit generally or the issuance of such Letters of Credit Accommodation; and (iii) the Excess Availability, prior to giving effect to any Reserves with respect to such Letter of Credit Accommodations, on the date of the proposed issuance of
any Letter of Credit Accommodation shall be equal to or greater than: (A) if the proposed Letter of Credit Accommodation is a Commercial Letter of Credit for the purpose of purchasing Inventory and the documents of title with respect thereto
are consigned to the issuer or delivered to and in the possession of a Customs Broker (provided, that, as to such Customs Broker, Agent shall have received a Collateral Access Agreement duly authorized, executed and delivered by such
person, such agreement shall be in full force and effect and such person shall be in compliance in all material respects with the terms thereof), the sum of: (1) the percentage equal to one hundred (100%) percent minus the then applicable
percentage with respect to the category of Eligible Inventory to be purchased with such Letter of Credit Accommodation plus (2) the amount of the Reserve to be established based on freight, taxes, duty and other amounts which Agent estimates
must be paid in connection with such Inventory being purchased with such Letter of Credit Accommodation calculated as described below and (B) if the proposed Letter of Credit Accommodation is a Standby Letter of Credit or for any other purpose
or the documents of title are note consigned to the issuer or are not delivered to and in the possession of a Customs Broker (or if delivered to and in the possession of a Customs Broker, an of the conditions set forth in clause (A) are not
satisfied as to such Customs Broker) in connection with a Letter of Credit Accommodation for the purpose of purchasing Inventory, an amount equal to one hundred (100%) percent of the face amount thereof and all other commitments and obligations
made or incurred by Agent with respect thereto. Effective on the issuance of each Letter of Credit Accommodation, a Reserve shall be established in the applicable amount set forth in Section 2.2(d)(iii)(A) or Section 2.2(d)(iii)(B).

  

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 (e) The amount of the Reserve based on freight, taxes, duty and other
amounts referred to above shall be calculated from time to time as follows: (i) the amount equal to (A) the most recent determination by Agent of the average of the freight, taxes, duty and other amounts referred to above as a percentage
of the outstanding Letter of Credit Accommodations consisting of Commercial Letters of Credit used to purchase Inventory as of the date of such calculation in accordance with the current practices and procedures of Agent as of the date hereof,
multiplied by (B) the then outstanding amount of such Letter of Credit Accommodations multiplied by (ii) the percentage equal to (A) the percentage of one hundred (100%) percent minus (B) the average of the
percentages used for Inventory at such time in the calculation of the Borrowing Base. 
 (f) Except in
Agent’s discretion, with the consent of all Lenders (except as otherwise provided herein), the amount of all outstanding Letter of Credit Accommodations and all other commitments and obligations made or incurred by Agent or any Lender in a
connection therewith shall not at any time exceed the Maximum Credit less any Revolving Loans outstanding. 
 (g)
Borrowers and Guarantors shall indemnify and hold Agent and Lenders harmless from and against any and all losses, claims, damages, liabilities, costs and expenses which Agent or any Lender may suffer or incur in connection with any Letter of Credit
Accommodations and any documents, drafts or acceptances relating thereto, including any losses, claims, damages, liabilities, costs and expenses due to any action taken by any issuer or correspondent with respect to any Letter of Credit
Accommodation, except for such losses, claims, damages, liabilities, costs or expenses that are a direct result of the gross negligence or wilful misconduct of Agent or any Lender as determined pursuant to a final non-appealable order of a court of
competent jurisdiction. Each Borrower and Guarantor assumes all risks with respect to the acts or omissions of the drawer under or beneficiary of any Letter of Credit Accommodation and for such purposes the drawer or beneficiary shall be deemed such
Borrower’s agent. Each Borrower and Guarantor assumes all risks for, and agrees to pay, all foreign, Federal, State and local taxes, duties and levies relating to any goods subject to any Letter of Credit Accommodations or any documents, drafts
or acceptances thereunder. Each Borrower and Guarantor hereby releases and holds Agent and Lenders harmless from and against any acts, waivers, errors, delays or omissions, whether caused by any Borrower, Guarantor, by any issuer or correspondent or
otherwise with respect to or relating to any Letter of Credit Accommodation, except for the gross negligence or wilful misconduct of Agent or any Lender as determined pursuant to a final, non-appealable order of a court of competent jurisdiction.
The provisions of this Section 2.2(f) shall survive the payment of Obligations and the termination of this Agreement. 

(h) In connection with Inventory purchased pursuant to Letter of Credit Accommodations, Borrowers and Guarantors shall, at
Agent’s request, instruct all suppliers, carriers, forwarders, customs brokers, warehouses or others receiving or holding cash, checks, Inventory, documents or instruments in which Agent holds a security interest to deliver them to Agent and/or
subject to Agent’s order, and if they shall come into such Borrower’s or Guarantor’s possession, to deliver them, upon Agent’s request, to Agent in their original form; provided, that, Agent shall not exercise the
rights under this clause (g) to have such persons deliver any cash, checks, Inventory, documents or instruments (but as to such documents and instruments, Agent shall not exercise such rights only so long as the same are held by a Customs

  

 35 

 
Broker and the conditions set forth in Section 2.2(d)(iii)(A) hereof as to such Customs Broker are satisfied), unless an Event of Default shall exist or have occurred and be continuing.
Borrowers and Guarantors shall also, at Agent’s request, designate Agent as the consignee on all bills of lading and other negotiable and non-negotiable documents. 

(i) Each Borrower and Guarantor hereby irrevocably authorizes and directs any issuer of a Letter of Credit Accommodation
to name such Borrower or Guarantor as the account party therein and to deliver to Agent all instruments, documents and other writings and property received by issuer pursuant to the Letter of Credit Accommodations and to accept and rely upon
Agent’s instructions and agreements with respect to all matters arising in connection with the Letter of Credit Accommodations or the applications therefor. Nothing contained herein shall be deemed or construed to grant any Borrower or
Guarantor any right or authority to pledge the credit of Agent or any Lender in any manner. Agent and Lenders shall have no liability of any kind with respect to any Letter of Credit Accommodation provided by an issuer other than Agent or any Lender
unless Agent has duly executed and delivered to such issuer the application or a guarantee or indemnification in writing with respect to such Letter of Credit Accommodation. Borrowers and Guarantors shall be bound by any reasonable interpretation
made in good faith by Agent, or any other issuer or correspondent under or in connection with any Letter of Credit Accommodation or any documents, drafts or acceptances thereunder, notwithstanding that such interpretation may be inconsistent with
any instructions of any Borrower or Guarantor. 
 (j) At any time an Event of Default exists or has occurred and
is continuing, Agent shall have the right and authority to, and Borrowers shall not, without the prior consent of Agent, (i) approve or resolve any questions of non-compliance of documents, (ii) give any instructions as to acceptance or
rejection of any documents or goods, (iii) execute any and all applications for steamship or airway guaranties, indemnities or delivery orders, (iv) grant any extensions of the maturity of, time of payments for, or time of presentation of,
any drafts, acceptances, or documents, and (v) agree to any amendments, renewals, extensions, modifications, changes or cancellations of any of the terms or conditions of any of the applications, Letter of Credit Accommodations, or documents,
drafts or acceptances thereunder or any letters of credit included in the Collateral. Agent may take such actions either in its own name or in any Borrower’s name. 

(k) At any time, so long as no Event of Default exists or has occurred and is continuing, a Borrower may, with
Agent’s consent, (i) grant any extensions of the maturity of, time of payment for, or time of presentation of, any drafts, acceptances, or documents, and (ii) agree to any amendments, renewals, extensions, modifications, changes or
cancellations of any of the terms or conditions of any of the applications, Letter of Credit Accommodations, or documents, drafts or acceptances thereunder or any letters of credit included in the Collateral; provided, that, Borrowers
may approve or resolve any questions of non-compliance of documents following notice to Agent thereof and without Agent’s consent except as otherwise provided in Section 2.2(i). 

(l) Any rights, remedies, duties or obligations granted or undertaken by any Borrower or Guarantor to any issuer or
correspondent in any application for any Letter of Credit Accommodation, or any other agreement in favor of any issuer or correspondent relating to any Letter of Credit Accommodation, shall be deemed to have been granted or undertaken by such

  

 36 

 
Borrower or Guarantor to Agent for the ratable benefit of Lenders. Any duties or obligations undertaken by Agent to any issuer or correspondent in any application for any Letter of Credit
Accommodation, or any other agreement by Agent in favor of any issuer or correspondent to the extent relating to any Letter of Credit Accommodation, shall be deemed to have been undertaken by Borrowers and Guarantors to Agent for the ratable benefit
of Lenders and to apply in all respects to Borrowers and Guarantors. 
 (m) Immediately upon the issuance or
amendment of any Letter of Credit Accommodation, each Lender shall be deemed to have irrevocably and unconditionally purchased and received, without recourse or warranty, an undivided interest and participation to the extent of such Lender’s
Pro Rata Share of the liability with respect to such Letter of Credit Accommodation (including, without limitation, all Obligations with respect thereto). 

(n) Each Borrower is irrevocably and unconditionally obligated, without presentment, demand or protest, to pay to Agent
any amounts paid by an issuer of a Letter of Credit Accommodation with respect to such Letter of Credit Accommodation (whether through the borrowing of Revolving Loans in accordance with Section 2.2(a) or otherwise). In the event that any
Borrower fails to pay Agent on the date of any payment under a Letter of Credit Accommodation in an amount equal to the amount of such payment, Agent (to the extent it has actual notice thereof) shall promptly notify each Lender of the unreimbursed
amount of such payment and each Lender agrees, upon one (1) Business Day’s notice, to fund to Agent the purchase of its participation in such Letter of Credit Accommodation in an amount equal to its Pro Rata Share of the unpaid amount. The
obligation of each Lender to deliver to Agent an amount equal to its respective participation pursuant to the foregoing sentence is absolute and unconditional and such remittance shall be made notwithstanding the occurrence or continuance of any
Event of Default, the failure to satisfy any other condition set forth in Section 4 or any other event or circumstance. If such amount is not made available by a Lender when due, Agent shall be entitled to recover such amount on demand from
such Lender with interest thereon, for each day from the date such amount was due until the date such amount is paid to Agent at the interest rate then payable by any Borrower in respect of Revolving Loans that are Prime Rate Loans as set forth in
Section 3.1 (a) hereof. 
 2.3 Intentionally Omitted. 

2.4 Commitments. The aggregate amount of each Lender’s Pro Rata Share of the Revolving Loans and Letter of Credit
Accommodations shall not exceed the amount of such Lender’s Commitment, as the same may from time to time be amended in accordance with the provisions hereof. 

2.5 Loan Limits. 

(a) Notwithstanding anything to the contrary contained herein, except in Agent’s determination, with the consent of
all Lenders, or as otherwise provided herein, the sum of the aggregate principal amount of the Revolving Loans and the Letter of Credit Accommodations outstanding at any time shall not exceed the Borrowing Base. 

 

 37 

 (b) To the extent that the 10 3/8% Subordinated Note Indenture is in effect
and contains a limitation upon the amount of Revolving Loans and Letter of Credit Accommodations (and, in each case, interest and fees thereon) that may be incurred hereunder by Borrowers other than Operating, then, notwithstanding any other
provision of this Agreement (including, without limitation, Sections 2.1, 2.2, and 2.8) and the books and records of Lenders or Agent or any Borrower, (i) at any date, all Revolving Loans (and interest thereon) and Letter of Credit
Accommodations (and fees thereon) in excess of the amounts permitted to be incurred by Borrowers other than Operating in accordance with the 10 3/8% Subordinated Note Indenture (including amounts permitted under Section 4.09 of the 10 3/8%
Subordinated Note Indenture other than under subsection (i) thereof) are deemed made and shall be made solely to Operating and (ii) in no event at any date shall the amount of Indebtedness (as defined in the 10 3/8% Subordinated Note
Indenture) arising pursuant to Revolving Loans and Letter of Credit Accommodations to Borrowers other than Operating exceed the amount thereof that such Borrowers (other than Operating) are permitted to incur at such time under the terms of the 10
3/8% Subordinated Note Indenture and (iii) Borrowers shall determine that the Indebtedness of Borrowers hereunder (other than Operating) is, and the Indebtedness of Borrowers hereunder (other than Operating) shall be deemed, permitted under
such subsections of Section 4.09 of the 10 3/8% Subordinated Note Indenture, other than subsection (i) thereof, to the extent that the amounts permitted under such other subsections are not otherwise then the basis for permitting
Indebtedness of Borrowers (other than the Indebtedness hereunder) and to the extent that such other subsections are applicable to the Indebtedness of Borrowers hereunder (other than Operating). The limitation on Revolving Loans and Letter of Credit
Accommodations of Borrowers other than Operating set forth in Section 2.5(b) above shall automatically be adjusted from time to time upon the incurrence or repayment of any Indebtedness (as defined in the 10 3/8% Subordinated Note Indenture)
permitted under the applicable subsections of Section 4.09 of the 10 3/8% Subordinated Note Indenture. 
 2.6 Mandatory
Prepayments. 
 (a) In the event that at any time (i) the aggregate principal amount of the Revolving
Loans and the Letter of Credit Accommodations outstanding exceed the Borrowing Base, or (ii) the aggregate principal amount of the Revolving Loans and Letter of Credit Accommodations outstanding to all of Borrowers exceed the Maximum Credit, or
(iii) the aggregate amount of the outstanding Letter of Credit Accommodations exceed the sublimit for Letter of Credit Accommodations set forth in Section 2.2(e) hereof, or (iv) the aggregate amount of the Revolving Loans and Letter
of Credit Accommodations exceed the Maximum Credit, any such event shall not limit, waive or otherwise affect any rights of Agent or Lenders in such circumstances or on any future occasions and Borrowers shall, upon demand by Agent, which may be
made at any time or from time to time, immediately repay to Agent the entire amount of any such excess(es) for which payment is demanded. Except to the extent Agent is permitted to make certain additional Revolving Loans and Letter of Credit
Accommodations as provided in Section 12.8 hereof, Agent shall make such demand upon the request of the Required Lenders. 

(b) Without limiting any of the rights of Agent or Lenders pursuant hereto or otherwise, on each date when any reduction
in the Real Property Availability becomes effective pursuant to the terms hereof, regardless of the value of the Real Property, Borrowers shall, absolutely and unconditionally, automatically and without demand make a payment to Agent, for the
benefit of Lenders, in respect of the Revolving Loans in an amount equal to the excess, if any, of the aggregate unpaid principal amount of the Revolving Loans over the Borrowing Base as so reduced. 

 

 38 

 (c) Subject to Section 14.1 (c) and Section 3.3(d) hereof,
all such payments in respect of the Revolving Loans pursuant to this Section 2.6 shall be without premium or penalty. All interest accrued on the principal amount of the Revolving Loans paid pursuant to this Section 2.6 shall be paid, or
may be charged by Agent to any loan account(s) of Borrowers, at Agent’s option, on the date of such payment. Interest shall accrue and be due, until the next Business Day, if the amount so paid by Borrowers to the bank account designated by
Agent for such purpose is received in such bank account after 12:00 noon, New York City time. 
 2.7 Intentionally
Omitted. 
 2.8 Joint and Several Liability. Subject to Section 2.5(b) hereof, all Borrowers shall be jointly
and severally liable for all amounts due to Agent and Lenders under this Agreement and the other Financing Agreements, regardless of which Borrower actually receives the Revolving Loans or Letter of Credit Accommodations hereunder or the amount of
such Revolving Loans received or the manner in which Agent or any Lender accounts for such Revolving Loans, Letter of Credit Accommodations or other extensions of credit on its books and records. Subject to Section 2.5(b) hereof, all references
herein or in any of the other Financing Agreements to any of the obligation of Borrowers to make any payment hereunder or thereunder shall constitute joint and several obligations of Borrowers. The Obligations with respect to Revolving Loans made to
a Borrower, and the Obligations arising as a result of the joint and several liability of a Borrower hereunder, with respect to Revolving Loans made to the other Borrowers, shall be separate and distinct obligations, but all such other Obligations
shall be primary obligations of all Borrowers. Subject to Section 2.5(b) hereof, the Obligations arising as a result of the joint and several liability of a Borrower hereunder with respect to Revolving Loans, Letter of Credit Accommodations or
other extensions of credit made to the other Borrowers shall, to the fullest extent permitted by law, be unconditional irrespective of (a) the validity or enforceability, avoidance or subordination of the Obligations of the other Borrowers or
of any promissory note or other document evidencing all or any part of the Obligations of the other Borrowers, (b) the absence of any attempt to collect the Obligations from the other Borrowers, any Guarantor or any other security therefor, or
the absence of any other action to enforce the same, (c) the waiver, consent, extension, forbearance or granting of any indulgence by Agent or any Lender with respect to any provisions of any instrument evidencing the Obligations of the other
Borrowers, or any part thereof, or any other agreement now or hereafter executed by the other Borrowers and delivered to Agent or any Lender, (d) the failure by Agent or any Lender to take any steps to perfect and maintain its security interest
in, or to preserve its rights and maintain its security or collateral for the Obligations of the other Borrowers, (e) the election of Agent and Lenders in any proceeding instituted under the Bankruptcy Code, of the application of
Section 1111 (b)(2) of the Bankruptcy Code, (f) the disallowance of all or any portion of the claim(s) of Agent or any Lender for the repayment of the Obligations of the other Borrowers under Section 502 of the Bankruptcy Code, or
(g) any other circumstances which might constitute a legal or equitable discharge or defense of a Guarantor or of the other Borrowers other than the gross negligence or wilful misconduct of Agent or a Lender as determined pursuant to a final
non-appealable order of a court of competent jurisdiction. With respect to the Obligations arising as a result of the joint 
  

 39 

 
and several liability of a Borrower hereunder with respect to Revolving Loans, Letter of Credit Accommodations or other extensions of credit made to the other Borrowers hereunder, each Borrower
waives, until the Obligations shall have been paid in full and this Agreement shall have been terminated, any right to enforce any right of subrogation or any remedy which Agent or any Lender now has or may hereafter have against any Borrower or
Guarantor and any benefit of, and any right to participate in, any security or collateral given to Agent or any Lender. Upon any Event of Default, and for so long as such Event of Default is continuing, Agent may proceed directly and at once,
without notice, against any Borrower to collect and recover the full amount, or any portion of the Obligations, without first proceeding against the other Borrowers or any other Person, or against any security or collateral for the Obligations. Each
Borrower consents and agrees that Agent and Lenders shall be under no obligation to marshall any assets in favor of Borrower(s) or against or in payment of any or all of the Obligations. 

2.9 Maximum Credit Increase. 

(a) Borrower Agent may, at any time, deliver a written request to Agent to increase the Maximum Credit. Any such written
request shall specify the amount of the increase in the Maximum Credit that Borrowers are requesting, provided, that, (i) in no event shall the aggregate amount of any such increase in the Maximum Credit cause the Maximum Credit to exceed
$250,000,000, (ii) such request shall be for an increase of not less than $10,000,000, (iii) any such request shall be irrevocable, and (iv) in no event shall more than one such written request be delivered to Agent in any calendar
quarter. 
 (b) Upon the receipt by Agent of any such written request, Agent shall notify each of the Lenders of
such request and each Lender shall have the option (but not the obligation) to increase the amount of its Commitment by an amount up to its Pro Rata Share of the amount of the increase in the Maximum Credit requested by Borrower Agent as set forth
in the notice from Agent to such Lender. Each Lender shall notify Agent within fifteen (15) days after the receipt of such notice from Agent whether it is willing to so increase its Commitment, and if so, the amount of such increase;
provided, that, (i) the minimum increase in the Commitments of each such Lender providing the additional Commitments shall equal or exceed $2,000,000, and (ii) no Lender shall be obligated to provide such increase in its
Commitment and the determination to increase the Commitment of a Lender shall be within the sole and absolute discretion of such Lender. If the aggregate amount of the increases in the Commitments received from the Lenders equals or exceeds the
amount of the increase in the Maximum Credit requested by Borrower Agent, such increase shall be effective on the date five (5) Business Days after each of the conditions set forth in Section 2.9(c) have been satisfied or such earlier date
after such conditions have been satisfied as Agent may agree. If the aggregate amount of the increases in the Commitments received from the Lenders does not equal or exceed the amount of the increase in the Maximum Credit requested by Borrower
Agent, Agent may seek additional increases from Lenders or Commitments from such Eligible Transferees as it may determine, after consultation with Borrower Agent. In the event Lenders (or Lenders and any such Eligible Transferees, as the case may
be) have committed in writing to provide increases in their Commitments or new Commitments in an aggregate amount in excess of the increase in the Maximum Credit requested by Borrowers or permitted hereunder, Agent shall then have the right to
allocate such commitments, first to Lenders and then to Eligible Transferees, in such amounts and manner as Agent may determine, after consultation with Borrower Agent. 
  

 40 

 (c) The Maximum Credit shall be increased by the amount of the increase in
Commitments from Lenders or new Commitments from Eligible Transferees, in each case selected in accordance with Section 2.9(a) above, for which Agent has received Assignment and Acceptances sixty (60) days after the date of the request by
Borrower Agent for the increase or such earlier date as Borrower Agent may request (such earlier date being referred to herein as the “Early Increase Date”) after five (5) Business Days’ prior written notice to Agent (but subject
to the satisfaction of the conditions set forth below), whether or not the aggregate amount of the increase in Commitments and new Commitments, as the case may be, equal or exceed the amount of the increase in the Maximum Credit requested by
Borrower Agent in accordance with the terms hereof, effective on the date that each of the following conditions have been satisfied: 

(i) Agent shall have received from each Lender or Eligible Transferee that is providing an additional Commitment as part
of the increase in the Maximum Credit, an Assignment and Acceptance duly executed by such Lender or Eligible Transferee and each Borrower, provided, that, the aggregate Commitments set forth in such Assignment and Acceptance(s) shall
be not less than $10,000,000; 
 (ii) the conditions precedent to the making of Revolving Loans set forth in
Section 4.2 shall be satisfied as of the date of the increase in the Maximum Credit, both before and after giving effect to such increase; 

(iii) Agent shall have received an opinion of counsel to Borrowers in form and substance and from counsel reasonably
satisfactory to Agent and Lenders addressing such matters as Agent may reasonably request (including an opinion as to no conflicts with other Indebtedness); 

(iv) such increase in the Maximum Credit on the date of the effectiveness thereof shall not violate any applicable law,
regulation or order or decree of any court or other Governmental Authority and shall not be enjoined, temporarily, preliminarily or permanently; 

(v) there shall have been paid to each Lender and Eligible Transferee providing an additional Commitment in connection
with such increase in the Maximum Credit all fees and expenses due and payable to such Person on or before the effectiveness of such increase; 

(vi) there shall have been paid to Agent, for the account of the Agent and Lenders (in accordance with any agreement among
them) all fees and expenses (including reasonable fees and expenses of counsel) due and payable pursuant to any of the Financing Agreements on or before the effectiveness of such increase. 

(d) In the event that Borrower requests that the Maximum Credit is increased on an Early Increase Date, and the aggregate
amount of the increases in the Commitments received from the Lenders and new Commitments from Eligible Transferees, as the case may be, as of the Early Increase Date (based upon the satisfaction of the conditions set forth above) does not equal or
exceed the amount of the increase in the Maximum Credit requested by Borrower Agent, the Maximum Credit may thereafter be increased again on the date that is sixty (60) days after the date of the original request by Borrower Agent for such
increase based on any additional increase in Commitments or new Commitments received by Agent (i) after the Early Increase Date but (ii) prior to the date that is sixty (60) days after the date of such original request by Borrower
Agent for any such increase. 
  

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 (e) As of the effective date of any such increase in the Maximum Credit,
each reference to the term Maximum Credit herein, and in any of the other Financing Agreements shall be deemed amended to mean the amount of the Maximum Credit specified in the most recent written notice from Agent to Borrower Agent of the increase
in the Maximum Credit. 
 SECTION 3. INTEREST AND FEES 

3.1 Interest. 

(a) Borrowers shall pay to Agent, for the benefit of itself and Lenders, interest on the outstanding principal amount of
the Revolving Loans at the Interest Rate. All interest accruing hereunder on and after the date of any Event of Default or termination hereof shall be payable on demand. 

(b) Each Borrower (or Borrower Agent on behalf of such Borrower) may from time to time request Eurodollar Rate Loans or
may request that Prime Rate Loans be converted to Eurodollar Rate Loans or that any existing Eurodollar Rate Loans continue for an additional Interest Period. Such request from a Borrower (or Borrower Agent on behalf of such Borrower) shall specify
the amount of the Eurodollar Rate Loans or the amount of the Prime Rate Loans to be converted to Eurodollar Rate Loans or the amount of the Eurodollar Rate Loans to be continued (subject to the limits set forth below) and the Interest Period to be
applicable to such Eurodollar Rate Loans. Subject to the terms and conditions contained herein, three (3) Business Days after receipt by Agent of such a request from a Borrower (or Borrower Agent on behalf of such Borrower), such Eurodollar
Rate Loans shall be made or Prime Rate Loans shall be converted to Eurodollar Rate Loans or such Eurodollar Rate Loans shall continue, as the case may be, provided, that, (i) no Event of Default shall exist or have occurred and be
continuing, (ii) no party hereto shall have sent any notice of termination of this Agreement, (iii) such Borrower (or Borrower Agent on behalf of such Borrower) shall have complied with such customary procedures as are reasonably
established by Agent and specified by Agent to Borrower Agent from time to time for requests by Borrowers for Eurodollar Rate Loans, (iv) no more than eight (8) Interest Periods may be in effect at any one time, (v) the aggregate
amount of the Eurodollar Rate Loans must be in an amount not less than $2,000,000 or an integral multiple of $1,000,000 in excess thereof, and (vi) Agent and each Lender shall have determined that the Interest Period or Adjusted Eurodollar Rate
is available to Agent and such Lender and can be readily determined as of the date of the request for such Eurodollar Rate Loan by such Borrower. Any request by or on behalf of a Borrower for Eurodollar Rate Loans or to convert Prime Rate Loans to
Eurodollar Rate Loans or to continue any existing Eurodollar Rate Loans shall be irrevocable. Notwithstanding anything to the contrary contained herein, Agent and Lenders shall not be required to purchase United States Dollar deposits in the London
interbank market or other applicable Eurodollar Rate market to fund any Eurodollar Rate Loans, but the provisions hereof shall be deemed to apply as if Agent and Lenders had purchased such deposits to fund the Eurodollar Rate Loans. 

 

 42 

 (c) Any Eurodollar Rate Loans shall automatically convert to Prime Rate
Loans upon the last day of the applicable Interest Period, unless Agent has received and obtained bank approval with respect to a request to continue such Eurodollar Rate Loan at least three (3) Business Days prior to such last day in
accordance with the terms hereof. Any Eurodollar Rate Loans shall, at Agent’s option, upon notice by Agent to Borrower Agent, be subsequently converted to Prime Rate Loans on the effective date of the termination of this Agreement in the event
that this Agreement shall terminate or not be renewed. Borrowers shall pay to Agent, for the benefit of Lenders, upon demand by Agent (or Agent may, at its option, charge any loan account of any Borrower) any amounts required to compensate any
Lender or Participant for any loss, cost or expense incurred by such person, as a result of the conversion of Eurodollar Rate Loans to Prime Rate Loans pursuant to any of the foregoing. At the request of Borrower Agent, Agent shall provide to
Borrower Agent all available supporting documentation with respect to such loss, cost or expense. No loss, cost or expense will arise upon the conversion of a Eurodollar Rate Loan to a Prime Rate Loan on the last day of the Interest Period for such
Eurodollar Rate Loan. 
 (d) Interest shall be payable by Borrowers to Agent, for the account of Lenders, monthly
in arrears not later than the first day of each calendar month and shall be calculated on the basis of a three hundred sixty (360) day year and actual days elapsed. The interest rate on non-contingent Obligations (other than Eurodollar Rate
Loans) shall increase or decrease by an amount equal to each increase or decrease in the Prime Rate effective on the first day of the month after any change in such Prime Rate is announced based on the Prime Rate in effect on the last day of the
month in which any such change occurs. In no event shall charges constituting interest payable by Borrowers to Agent and Lenders exceed the maximum amount or the rate permitted under any applicable law or regulation, and if any such part or
provision of this Agreement is in contravention of any such law or regulation, such part or provision shall be deemed amended to conform thereto. 

3.2 Fees. 

(a) Borrowers shall pay to Agent, for the account of Lenders, monthly an unused line fee at a rate equal to the percentage
(on a per annum basis) set forth below calculated upon the amount by which the Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month
(or part thereof) while the Loan Agreement is in effect and for so long thereafter as any Obligations are outstanding. Such fee shall be payable on the first day of each month in arrears. The percentage used for determining the unused line fee shall
be as set forth below if the Quarterly Average Excess Availability for the immediately preceding fiscal quarter is at or within the amounts indicated for such percentage: 

 

				
	 Quarterly Average Excess Availability
	  	Unused Line
Fee Percentage	 
	 Greater than $55,000,000
	  	.375	% 
	 Less than or equal to $55,000,000 and greater than $40,000,000
	  	.375	% 
	 Less than or equal to $40,000,000 and greater than $20,000,000
	  	.250	% 
	 Less than $20,000,000 or equal to $20,000,000
	  	.250	% 

  

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 provided, that, the unused line fee percentage shall be calculated and established based on
the foregoing once each fiscal quarter. Such unused line fee percentage shall be used commencing on the date hereof based on the Quarterly Average Excess Availability during the fiscal quarter of Borrowers ending immediately prior to the date hereof

 (b) Borrowers agree to pay to Agent the other fees and amounts set forth in the Fee Letter in the amounts and
at all times specified therein. 
 3.3 Changes in Laws and Increased Costs of Revolving Loans. 

(a) If after the date hereof, either (i) any change in, or in the interpretation of, any law or regulation is
introduced, including, without limitation, with respect to reserve requirements, applicable to Agent or any banking or financial institution from whom any Lender borrows funds or obtains credit (a “Funding Bank”), or (ii) a Funding
Bank or any Lender complies with any future guideline or request from any central bank or other Governmental Authority or (iii) a Funding Bank or any Lender determines that the adoption of any applicable law, rule or regulation regarding
capital adequacy, or any change therein, or any change in the interpretation or administration thereof by any Governmental Authority, central bank or comparable agency charged with the interpretation or administration thereof has or would have the
effect described below, or a Funding Bank or any Lender complies with any request or directive regarding capital adequacy (whether or not having the force of law) of any such authority, central bank or comparable agency, and in the case of any event
set forth in this clause (iii), such adoption, change or compliance has or would have the direct or indirect effect of reducing the rate of return on any Lender’s capital as a consequence of its obligations hereunder to a level below that which
such Lender could have achieved but for such adoption, change or compliance (taking into consideration the Funding Bank’s or Lender’s policies with respect to capital adequacy) by an amount deemed by such Lender to be material, and the
result of any of the foregoing events described in clauses (i), (ii) or (iii) is or results in an increase in the cost to any Lender of funding or maintaining the Revolving Loans, the Letter of Credit Accommodations or its Commitment, then
Borrowers and Guarantors shall from time to time upon demand by Agent pay to Agent additional amounts sufficient to indemnify Lenders against such increased cost on an after-tax basis (after taking into account applicable deductions and credits in
respect of the amount indemnified). A certificate as to the amount of such increased cost shall be submitted to Borrower Agent by Agent and shall be conclusive, absent manifest error. 

 

 44 

 (b) If prior to the first day of any Interest Period, (i) Agent shall
have determined in good faith (which determination shall be conclusive and binding upon Borrowers and Guarantors) that, by reason of circumstances affecting the relevant market, adequate and reasonable means do not exist for ascertaining the
Eurodollar Rate for such Interest Period, (ii) Agent has received notice from the Required Lenders that the Eurodollar Rate determined or to be determined for such Interest Period will not adequately and fairly reflect the cost to Lenders of
making or maintaining Eurodollar Rate Loans during such Interest Period, or (iii) Dollar deposits in the principal amounts of the Eurodollar Rate Loans to which such Interest Period is to be applicable are not generally available in the London
interbank market, Agent shall give telecopy or telephonic notice thereof to Borrower Agent as soon as practicable thereafter, and will also give prompt written notice to Borrower Agent when such conditions no longer exist. If such notice is given
(A) any Eurodollar Rate Loans requested to be made on the first day of such Interest Period shall be made as Prime Rate Loans, (B) any Revolving Loans that were to have been converted on the first day of such Interest Period to or
continued as Eurodollar Rate Loans shall be converted to or continued as Prime Rate Loans and (C) each outstanding Eurodollar Rate Loan shall be converted, on the last day of the then-current Interest Period thereof, to Prime Rate Loans. Until
such notice has been withdrawn by Agent, no further Eurodollar Rate Loans shall be made or continued as such, nor shall any Borrower (or Borrower Agent on behalf of any Borrower) have the right to convert Prime Rate Loans to Eurodollar Rate Loans.

 (c) Notwithstanding any other provision herein, if the adoption of or any change in any law, treaty, rule or
regulation or final, non-appealable determination of an arbitrator or a court or other Governmental Authority or in the interpretation or application thereof occurring after the date hereof shall make it unlawful for Agent or any Lender to make or
maintain Eurodollar Rate Loans as contemplated by this Agreement, (i) Agent or such Lender shall promptly give written notice of such circumstances to Borrower Agent (which notice shall be withdrawn whenever such circumstances no longer exist),
(ii) the commitment of such Lender hereunder to make Eurodollar Rate Loans, continue Eurodollar Rate Loans as such and convert Prime Rate Loans to Eurodollar Rate Loans shall forthwith be canceled and, until such time as it shall no longer be
unlawful for such Lender to make or maintain Eurodollar Rate Loans, such Lender shall then have a commitment only to make a Prime Rate Loan when a Eurodollar Rate Loan is requested and (iii) such Lender’s Revolving Loans then outstanding
as Eurodollar Rate Loans, if any, shall be converted automatically to Prime Rate Loans on the respective last days of the then current Interest Periods with respect to such Revolving Loans or within such earlier period as required by law. If any
such conversion of a Eurodollar Rate Loan occurs on a day which is not the last day of the then current Interest Period with respect thereto, Borrowers and Guarantors shall pay to such Lender such amounts, if any, as may be required pursuant to
Section 3.3(d) below. 
 (d) Borrowers and Guarantors shall indemnify Agent and each Lender and hold Agent
and each Lender harmless from any loss or expense which Agent or such Lender may sustain or incur as a consequence of (i) default by Borrower in making a borrowing of, conversion into or extension of Eurodollar Rate Loans after such Borrower
(or Borrower Agent on behalf of such Borrower) has given a notice requesting the same in accordance with the provisions of this Loan Agreement, (ii) default by any Borrower in making any prepayment of a Eurodollar Rate Loan after such Borrower
has given a notice thereof in accordance with the provisions of this Agreement, and (iii) the making of a prepayment of Eurodollar Rate Loans on 

 

 45 

 
a day which is not the last day of an Interest Period with respect thereto. With respect to Eurodollar Rate Loans, such indemnification may include an amount equal to the excess, if any, of
(A) the amount of interest which would have accrued on the amount so prepaid, or not so borrowed, converted or extended, for the period from the date of such prepayment or of such failure to borrow, convert or extend to the last day of the
applicable Interest Period (or, in the case of a failure to borrow, convert or extend, the Interest Period that would have commenced on the date of such failure) in each case at the applicable rate of interest for such Eurodollar Rate Loans provided
for herein over (B) the amount of interest (as determined by such Agent or such Lender) which would have accrued to Agent or such Lender on such amount by placing such amount on deposit for a comparable period with leading banks in the
interbank Eurodollar market. This covenant shall survive the termination or non-renewal of this Loan Agreement and the payment of the Obligations. 

SECTION 4. CONDITIONS PRECEDENT 

4.1 Conditions Precedent to Amendment and Restatement. Each of the following is a condition precedent to the effectiveness hereof:

 (a) all requisite corporate or limited liability company action and proceedings in connection with this
Agreement and the other Financing Agreements shall be reasonably satisfactory in form and substance to Agent, and Agent shall have received all information and copies of all documents, including records of requisite corporate or limited liability
company action and proceedings which Agent may have reasonably requested in connection therewith, such documents where requested by Agent or its counsel to be certified by appropriate corporate officers or Governmental Authority (and including a
copy of the articles or certificate of incorporation, certificate of formation, operating agreement or comparable organizational documents of each Borrower and Guarantor certified by the Secretary of State (or equivalent Governmental Authority)
which shall set forth the same complete corporate or limited liability company name of such Borrower or Guarantor as is set forth herein and such document as shall set forth the organizational identification number of each Borrower or Guarantor, if
one is issued in its jurisdiction of organization; 
 (b) Agent shall have received evidence, in form and
substance reasonably satisfactory to Agent, that Borrowers and Guarantors have obtained all necessary consents and approvals to the execution, delivery and performance of this Agreement; 

(c) Agent shall have received evidence, in form consistent with the current practices and procedures of Agent, that the
aggregate amount of the Excess Availability after provision for payment of all fees and expenses of the transactions contemplated hereby, shall be not less than $20,000,000; 

(d) Agent shall have received evidence, in form consistent with the current practices and procedures of Agent, that the
accounts payable of Borrowers are at the same historical level for comparable prior periods; 
  

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 (e) Agent shall have received evidence, in a form reasonably satisfactory to
Agent, that Borrowers have received the gross proceeds of the loans under the Black Canyon Credit Agreement in an amount of not less than $275,000,000; 

(f) Agent shall have received, in form and substance reasonably satisfactory to Agent, such opinion letters of counsel to
Borrowers and Guarantors with respect to this Agreement and such other matters as Agent may request; 
 (g) this
Agreement and any other agreements, documents and instruments related thereto required hereunder shall have been duly executed and delivered to Agent, in form and substance reasonably satisfactory to Agent. 

4.2 Conditions Precedent to All Revolving Loans and Letter of Credit Accommodations. Each of the following is an additional
condition precedent to the Revolving Loans and/or providing Letter of Credit Accommodations to Borrowers, including the initial Loans and Letter of Credit Accommodations and any future Revolving Loans and Letter of Credit Accommodations and the
effectiveness hereof: 
 (a) all representations and warranties contained herein and in the other Financing
Agreements shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of the date of the making of each such Revolving Loan or providing each such Letter of Credit
Accommodation and after giving effect thereto, except to the extent that such representations and warranties expressly relate solely to an earlier date (in which case such representations and warranties shall have been true and correct in all
material respects on and as of such earlier date); 
 (b) no law, regulation, order, judgment or decree of any
Governmental Authority shall exist, and no action, suit, investigation, litigation or proceeding shall be pending or threatened in any court or before any arbitrator or Governmental Authority, which in each case in the good faith judgment of Agent
(i) purports to enjoin, prohibit, restrain or otherwise affect (A) the making of the Revolving Loans or providing the Letter of Credit Accommodations, or (B) the consummation of the transactions contemplated pursuant to the terms
hereof or the other Financing Agreements or (ii) has or has a reasonable likelihood of having a Material Adverse Effect; and 

(c) no Event of Default shall exist or have occurred and be continuing on and as of the date of the making of such
Revolving Loan or providing each such Letter of Credit Accommodation and after giving effect thereto. 
 SECTION 5. GRANT AND PERFECTION
OF SECURITY INTEREST 
 5.1 Grant of Security Interest. To secure payment and performance of all Obligations, each
Borrower and Guarantor hereby grants to Agent, for itself and the benefit of Lenders, a continuing security interest in, a lien upon, and a right of set off against, and hereby assigns to Agent, for itself and the benefit of Lenders, as security,
and hereby confirms, reaffirms and restates the prior grant thereof to Agent, for itself and Lenders, pursuant to the Existing Agreements, all personal property and real property subject to the Mortgages and fixtures, and interests in property and
fixtures, of each Borrower and Guarantor, whether now owned or hereafter acquired or existing, and wherever located (together with all other collateral security for the Obligations at any time granted to or held or acquired by Agent or any Lender,
collectively, the “Collateral”), including: 
 (i) all Accounts; 

 

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 (ii) all general intangibles, including, without limitation, all
Intellectual Property; 
 (iii) all goods, including, without limitation, Inventory and Equipment; 

(iv) all Real Property subject to the Mortgages and fixtures; 

(v) all chattel paper, including, without limitation, all tangible and electronic chattel paper; 

(vi) all instruments, including, without limitation, all promissory notes; 

(vii) all documents; 

(viii) all deposit accounts; 

(ix) all letters of credit, banker’s acceptances and similar instruments and including all letter-of-credit rights;

 (x) all supporting obligations and all present and future liens, security interests, rights, remedies, title
and interest in, to and in respect of Receivables and other Collateral, including (A) rights and remedies under or relating to guaranties, contracts of suretyship, letters of credit and credit and other insurance related to the Collateral,
(B) rights of stoppage in transit, replevin, repossession, reclamation and other rights and remedies of an unpaid vendor, lienor or secured party, (C) goods described in invoices, documents, contracts or instruments with respect to, or
otherwise representing or evidencing, Receivables or other Collateral, including returned, repossessed and reclaimed goods, and (D) deposits by and property of account debtors or other persons securing the obligations of account debtors;

 (xi) all (A) investment property (including securities, whether certificated or uncertificated,
securities accounts, security entitlements, commodity contracts or commodity accounts) and (B) monies, credit balances, deposits and other property of any Borrower or Guarantor now or hereafter held or received by or in transit to Agent, any
Lender or its Affiliates or at any other depository or other institution from or for the account of any Borrower or Guarantor, whether for safekeeping, pledge, custody, transmission, collection or otherwise; 

(xii) all commercial tort claims, including, without limitation, those identified in the Information Certificate;

 (xiii) to the extent not otherwise described above, all Receivables; 

(xiv) all Records; and 
  

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 (xv) all products and proceeds of the foregoing, in any form, including
insurance proceeds and all claims against third parties for loss or damage to or destruction of or other involuntary conversion of any kind or nature of any or all of the other Collateral. 

(b) Notwithstanding anything to the contrary set forth in Section 5.1 (a) above, the types or items of
Collateral described in such Section shall not include: 
 (i) any rights or interests in any contract, lease,
permit, license, charter or license agreement covering real or personal property, as such, if under the terms of such contract, lease, permit, license, charter or license agreement, or applicable law with respect thereto, the valid grant of a
security interest or lien therein to Agent is prohibited and such prohibition has not been or is not waived or the consent of the other party to such contract, lease, permit, license, charter or license agreement has not been or is not otherwise
obtained or under applicable law such prohibition cannot be waived; provided, that, the foregoing exclusion shall in no way be construed (A) to apply if any such prohibition is unenforceable under Sections 9-406, 9-407 or
9-408 of the UCC or other applicable law or (B) so as to limit, impair or otherwise affect Agent’s unconditional continuing security interests in and liens upon any rights or interests of a Borrower or Guarantor in or to monies due or to
become due under any such contract, lease, permit, license, charter or license agreement (including any Receivables); or 

(ii) the Capital Stock of J. Crew Japan, Inc. (“J. Crew Japan”) to the extent that (A) J. Crew Japan is a
“controlled foreign corporation” (as such term is defined in Section 957(a) of the Code or a successor provision thereof) of a Borrower or Guarantor, (B) such Capital Stock is in excess of sixty five (65%) percent of all of
the issued and outstanding shares of Capital Stock of J. Crew Japan entitled to vote (within the meaning of Treasury Regulation Section 1.956-2) and (C) a pledge of more than such percentage would result in adverse tax consequences to any
Borrower or Guarantor. 
 5.2 Perfection of Security Interests. 

(a) Each Borrower and Guarantor irrevocably and unconditionally authorizes Agent (or its agent) to file at any time and
from time to time such financing statements with respect to the Collateral naming Agent or its designee as the secured party and such Borrower or Guarantor as debtor, as Agent may require, and including any other information with respect to such
Borrower or Guarantor or otherwise required by part 5 of Article 9 of the Uniform Commercial Code of such jurisdiction as Agent may determine, together with any amendment and continuations with respect thereto, which authorization shall apply to all
financing statements filed on, prior to or after the date hereof. Each Borrower and Guarantor hereby ratifies and approves all financing statements naming Agent or its designee as secured party and such Borrower or Guarantor, as the case may be, as
debtor with respect to the Collateral (and any amendments with respect to such financing statements) filed by or on behalf of Agent prior to the date hereof and ratifies and confirms the authorization of Agent to file such financing statements (and
amendments, if any). Each Borrower and Guarantor hereby authorizes Agent to adopt on behalf of such Borrower and Guarantor any symbol required for authenticating any electronic filing. In the event that the description of the collateral in any
financing statement naming Agent or its designee as the secured party and any Borrower or Guarantor as debtor includes assets and properties of such Borrower or Guarantor that do not at any time constitute Collateral, whether

  

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hereunder, under any of the other Financing Agreements or otherwise, the filing of such financing statement shall nonetheless be deemed authorized by such Borrower or Guarantor to the extent of
the Collateral included in such description and it shall not render the financing statement ineffective as to any of the Collateral or otherwise affect the financing statement as it applies to any of the Collateral. In no event shall any Borrower or
Guarantor at any time file, or permit or cause to be filed, any correction statement or termination statement with respect to any financing statement (or amendment or continuation with respect thereto) naming Agent or its designee as secured party
and such Borrower or Guarantor as debtor. 
 (b) Each Borrower and Guarantor does not have any chattel paper
(whether tangible or electronic) or instruments as of the date hereof, except as set forth in the Information Certificate. In the event that any Borrower or Guarantor shall be entitled to or shall receive any chattel paper or instrument after the
date hereof, Borrowers and Guarantors shall promptly notify Agent thereof in writing. Promptly upon the receipt thereof by or on behalf of any Borrower or Guarantor (including by any agent or representative), such Borrower or Guarantor shall
deliver, or cause to be delivered to Agent, all tangible chattel paper and instruments that such Borrower or Guarantor has or may at any time acquire, accompanied by such instruments of transfer or assignment duly executed in blank as Agent may from
time to time specify, in each case except as Agent may otherwise agree. At Agent’s option, each Borrower and Guarantor shall, or Agent may at any time on behalf of any Borrower or Guarantor, cause the original of any such instrument or chattel
paper to be conspicuously marked in a form and manner acceptable to Agent with the following legend referring to chattel paper or instruments as applicable: “This [chattel paper] [instrument] is subject to the security interest of Congress
Financial Corporation and any sale, transfer, assignment or encumbrance of this [chattel paper] [instrument] violates the rights of such secured party.” 

(c) In the event that any Borrower or Guarantor shall at any time hold or acquire an interest in any electronic chattel
paper or any “transferable record” (as such term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or in Section 16 of the Uniform Electronic Transactions Act as in effect in any
relevant jurisdiction), such Borrower or Guarantor shall promptly notify Agent thereof in writing. Promptly upon Agent’s request, such Borrower or Guarantor shall take, or cause to be taken, such actions as Agent may reasonably request to give
Agent control of such electronic chattel paper under Section 9-105 of the UCC and control of such transferable record under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be,
Section 16 of the Uniform Electronic Transactions Act, as in effect in such jurisdiction. 
 (d) Each
Borrower and Guarantor does not have any deposit accounts as of the date hereof, except as set forth in the Information Certificate. Borrowers and Guarantors shall not, directly or indirectly, after the date hereof open, establish or maintain any
deposit account unless each of the following conditions is satisfied: (i) Agent shall have received not less than five (5) Business Days prior written notice of the intention of any Borrower or Guarantor to open or establish such account
which notice shall specify in reasonable detail and specificity reasonably acceptable to Agent the name of the account, the owner of the account, the name and address of the bank at which such account is to be opened or established, the individual
at such bank with whom such Borrower or Guarantor is dealing and the purpose of the account, except as to any Store Account opened or established after the date hereof, so long as no Event of

  

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Default shall exist or have occurred, Agent shall only have received such information as to such Store Account on the next monthly report with respect to deposit accounts in accordance with
Section 7.1 (a) hereof, (ii) the bank where such account is opened or maintained shall be reasonably acceptable to Agent, and (iii) on or before the opening of such deposit account (other than as to a Store Account so long as no
Event of Default shall exist or have occurred and be continuing), such Borrower or Guarantor shall as Agent may specify either (A) deliver to Agent a Deposit Account Control Agreement with respect to such deposit account duly authorized,
executed and delivered by such Borrower or Guarantor and the bank at which such deposit account is opened and maintained or (B) arrange for Agent to become the customer of the bank with respect to the deposit account on terms and conditions
reasonably acceptable to Agent. The terms of this subsection (d) shall not apply to deposit accounts specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any
Borrower’s or Guarantor’s salaried employees or the escrow of security deposits with respect to Real Property subject to lease. 

(e) No Borrower or Guarantor owns or holds, directly or indirectly, beneficially or as record owner or both, any
investment property, as of the date hereof, or have any investment account, securities account, commodity account or other similar account with any bank or other financial institution or other securities intermediary or commodity intermediary as of
the date hereof, in each case except as set forth in the Information Certificate. 
 (i) In the event that any
Borrower or Guarantor shall be entitled to or shall at any time after the date hereof hold or acquire any certificated securities, such Borrower or Guarantor shall promptly endorse, assign and deliver the same to Agent, for itself and the benefit of
Lenders, accompanied by such instruments of transfer or assignment duly executed in blank as Agent may from time to time specify. If any securities, now or hereafter acquired by any Borrower or Guarantor are uncertificated and are issued to such
Borrower or Guarantor or its nominee directly by the issuer thereof, such Borrower or Guarantor shall immediately notify Agent thereof and shall as Agent may specify, either (A) cause the issuer to agree to comply with instructions from Agent
as to such securities, without further consent of any Borrower or Guarantor or such nominee, or (B) arrange for Agent to become the registered owner of the securities. 

(ii) Borrowers and Guarantors shall not, directly or indirectly, after the date hereof open, establish or maintain any
investment account, securities account, commodity account or any other similar account (other than a deposit account) with any securities intermediary or commodity intermediary unless each of the following conditions is satisfied: (A) Agent
shall have received not less than two (2) Business Days prior written notice of the intention of such Borrower or Guarantor to open or establish such account which notice shall specify in reasonable detail and specificity acceptable to Agent
the name of the account, the owner of the account, the name and address of the securities intermediary or commodity intermediary at which such account is to be opened or established, the individual at such intermediary with whom such Borrower or
Guarantor is dealing and the purpose of the account, (B) the securities intermediary or commodity intermediary (as the case may be) where such account is opened or maintained shall be reasonably acceptable to Agent, and (C) on or before
the opening of such investment account, securities account or other similar account with a securities intermediary or commodity intermediary, such Borrower or Guarantor shall as Agent 

 

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may specify either (1) execute and deliver, and cause to be executed and delivered to Agent, an Investment Property Control Agreement with respect thereto duly authorized, executed and
delivered by such Borrower or Guarantor and such securities intermediary or commodity intermediary or (2) arrange for Agent to become the entitlement holder with respect to such investment property on terms and conditions acceptable to Agent.

 (f) Borrowers and Guarantors are not the beneficiary or otherwise entitled to any right to payment under any
letter of credit, banker’s acceptance or similar instrument as of the date hereof, except as set forth in the Information Certificate. In the event that any Borrower or Guarantor shall be entitled to or shall receive any right to payment under
any letter of credit, banker’s acceptance or any similar instrument with a face amount in excess of $500,000, whether as beneficiary thereof or otherwise after the date hereof, such Borrower or Guarantor shall promptly notify Agent thereof in
writing. Such Borrower or Guarantor shall immediately, as Agent may specify, either (i) deliver, or cause to be delivered to Agent, with respect to any such letter of credit, banker’s acceptance or similar instrument, the written agreement
of the issuer and any other nominated person obligated to make any payment in respect thereof (including any confirming or negotiating bank), in form and substance satisfactory to Agent, consenting to the assignment of the proceeds of the letter of
credit to Agent by such Borrower or Guarantor and agreeing to make all payments thereon directly to Agent or as Agent may otherwise direct or (ii) cause Agent to become, at Borrowers’ expense, the transferee beneficiary of the letter of
credit, banker’s acceptance or similar instrument (as the case may be). 
 (g) Borrowers and Guarantors do
not have any commercial tort claims as of the date hereof, except as set forth in the Information Certificate. In the event that any Borrower or Guarantor shall at any time after the date hereof have any commercial tort claims in excess of
$1,000,000, such Borrower or Guarantor (or Borrower Agent) shall promptly notify Agent thereof in writing, which notice shall (i) set forth in reasonable detail the basis for and nature of such commercial tort claim and (ii) include the
express grant by such Borrower or Guarantor to Agent of a security interest in such commercial tort claim (and the proceeds thereof). In the event that such notice does not include such grant of a security interest, the sending thereof by such
Borrower or Guarantor to Agent shall be deemed to constitute such grant to Agent. Upon the sending of such notice, any commercial tort claim described therein shall constitute part of the Collateral and shall be deemed included therein. Without
limiting the authorization of Agent provided in Section 5.2(a) hereof or otherwise arising by the execution by such Borrower or Guarantor of this Agreement or any of the other Financing Agreements, Agent is hereby irrevocably authorized from
time to time and at any time to file such financing statements naming Agent or its designee as secured party and such Borrower or Guarantor as debtor, or any amendments to any financing statements, covering any such commercial tort claim as
Collateral. In addition, each Borrower and Guarantor shall promptly upon Agent’s request, execute and deliver, or cause to be executed and delivered, to Agent such other agreements, documents and instruments as Agent may require in connection
with such commercial tort claim. 
 (h) Borrowers and Guarantors do not have any goods, documents of title or
other Collateral in the custody, control or possession of a third party as of the date hereof, except as set forth in the Information Certificate and except for goods located in the United States in transit to a location of a Borrower or Guarantor
permitted herein in the ordinary course of business of such Borrower or Guarantor in the possession of the carrier transporting such goods. 
  

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 In the event that any goods, documents of title or other Collateral are at any time after the date hereof in
the custody, control or possession of any other person not referred to in the Information Certificate or such carriers, Borrowers and Guarantors shall promptly notify Agent thereof in writing. Promptly upon Agent’s request, Borrowers and
Guarantors shall deliver to Agent a Collateral Access Agreement duly authorized, executed and delivered by such person and the Borrower or Guarantor that is the owner of such Collateral. 

(i) Borrowers and Guarantors shall take any other actions reasonably requested by Agent from time to time to cause the
attachment, perfection and first priority of, and the ability of Agent to enforce, the security interest of Agent in any and all of the Collateral, including, without limitation, (i) executing, delivering and, where appropriate, filing
financing statements and amendments relating thereto under the UCC or other applicable law, to the extent, if any, that any Borrower’s or Guarantor’s signature thereon is required therefor, (ii) causing Agent’s name to be noted
as secured party on any certificate of title for a titled good if such notation is a condition to attachment, perfection or priority of, or ability of Agent to enforce, the security interest of Agent in such Collateral (other than motor vehicles, if
any), (iii) complying with any provision of any statute, regulation or treaty of the United States as to any Collateral if compliance with such provision is a condition to attachment, perfection or priority of, or ability of Agent to enforce,
the security interest of Agent in such Collateral, (iv) obtaining the consents and approvals of any Governmental Authority or third party, including, without limitation, any consent of any licensor, lessor or other person obligated on
Collateral, and taking all actions required by any earlier versions of the UCC or by other law, as applicable in any relevant jurisdiction. 

SECTION 6. COLLECTION AND ADMINISTRATION 

6.1 Borrowers’ Loan Accounts. Agent, for and on behalf of Lenders, shall maintain one or more loan account(s) on its books in
which shall be recorded (a) all Revolving Loans, Letter of Credit Accommodations and other Obligations and the Collateral, (b) all payments made by or on behalf of Borrowers and (c) all other appropriate debits and credits as provided
in this Agreement, including, without limitation, fees, charges, costs, expenses and interest. All entries in the loan account(s) shall be made in accordance with Agent’s customary practices as in effect from time to time. 

6.2 Statements. Agent shall render to Borrower Agent, as agent for Borrowers, each month a statement setting forth the balance in
Borrowers’ loan account(s) maintained by Agent for Borrowers pursuant to the provisions of this Agreement, including principal, interest, fees, costs and expenses. Each such statement shall be subject to subsequent adjustment by Agent but
shall, absent manifest errors or omissions, be considered correct and deemed accepted by Borrowers and Guarantors and conclusively binding upon Borrowers and Guarantors as an account stated except to the extent that Agent receives a written
notice from Borrower Agent of any specific exceptions of Borrower Agent thereto within sixty (60) days after the date such statement has been received by Borrower Agent. Until such time as Agent shall have rendered to any Borrower or Borrower
Agent, a written statement as provided above, the balance in a Borrower’s loan account(s) shall be presumptive evidence of the amounts due and owing to Agent by Borrowers. 

 

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 6.3 Collection of Accounts. 

(a) Each Borrower and Guarantor shall establish and maintain, at its expense, deposit account arrangements and merchant
payment arrangements with the banks set forth on Schedule 8.10 to the Information Certificate and subject to Section 5.2(d) hereof such other banks as such Borrower or Guarantor may hereafter select. The banks set forth on Schedule 8.10 to the
Information Certificate constitute all of the banks with which Borrowers and Guarantors have deposit account arrangements and merchant payment arrangements as of the date hereof and identifies each of the deposit accounts at such banks that are used
solely for receiving store receipts from a retail store location of a Borrower (together with any other deposit accounts at any time established or used by any Borrower for receiving such store receipts from any retail store location, collectively,
the “Store Accounts” and each individually, a “Store Account”) or otherwise describes the nature of the use of such deposit account by such Borrower. 

(i) Each Borrower shall deposit all proceeds from sales of Inventory in every form, including, without limitation, cash,
checks, credit card sales drafts, credit card sales or charge slips or receipts and other forms of daily store receipts, from each retail store location of such Borrower on each Business Day into the Store Account of such Borrower used solely for
such purpose. All such funds deposited into the Store Accounts shall be sent by wire transfer or other electronic funds transfer no less frequently than weekly or more frequently upon Agent’s request at any time that an Event of Default exists
or has occurred and is continuing to the Blocked Accounts as provided in Section 6.3(a)(ii) below, except nominal amounts which are required to be maintained in such Store Accounts under the terms of such Borrower’s arrangements with the
bank at which such Store Accounts are maintained, which nominal amounts shall not exceed $5,000 as to any individual Store Account at any time. 

(ii) Each Borrower shall establish and maintain, at its expense, deposit accounts with such banks as are reasonably
acceptable to Agent (the “Blocked Accounts”) into which each Borrower shall promptly either cause all amounts on deposit in the Store Accounts of such Borrower to be sent as provided in Section 6.3(a)(i) above or shall itself deposit
or cause to be deposited all proceeds from sales of Inventory, all amounts payable to each Borrower from Credit Card Issuers and Credit Card Processors and all other proceeds of Collateral. Borrowers and Guarantors shall deliver, or cause to be
delivered to Agent a Deposit Account Control Agreement duly authorized, executed and delivered by each bank where a Blocked Account is maintained as provided in Section 5.2 hereof or at any time and from time to time Agent may become the
bank’s customer with respect to any of the Blocked Accounts and promptly upon Agent’s request, Borrowers shall execute and deliver such agreements and documents as Agent may reasonably require in connection therewith. Each Borrower and
Guarantor agrees that all payments made to such Blocked Accounts or other funds received and collected by Agent or any Lender, whether in respect of the Receivables, as proceeds of Inventory or other Collateral or otherwise shall be treated as
payments to Agent, for the benefit of Lenders, in respect of the Obligations and therefore shall constitute the property of Agent and Lenders to the extent of the then outstanding Obligations. 

(b) For purposes of calculating the amount of the Revolving Loans available to each Borrower and for purposes of
calculating interest on the Obligations, such payments will be applied (conditional upon final collection) to the Obligations on the Business Day of receipt by 

 

 54 

 
Agent of immediately available funds in the Agent Payment Account provided such payments and notice thereof are received in accordance with Agent’s usual and customary practices as in effect
from time to time and within sufficient time to credit such Borrower’s loan account on such day, and if not, then on the next Business Day. 

(c) Each Borrower and Guarantor and their respective shareholders, directors, employees, agents, Subsidiaries or other
Affiliates shall, acting as trustee for Agent, receive, as the property of Agent, any monies, checks, notes, drafts or any other payment relating to and/or proceeds of Receivables or other Collateral which come into their possession or under their
control and immediately upon receipt thereof, shall deposit or cause the same to be deposited in the Blocked Accounts, or remit the same or cause the same to be remitted, in kind, to Agent. In no event shall the same be commingled with a
Borrower’s own funds. Each Borrower agrees to reimburse Agent and Lenders on demand for any amounts owed or paid to any bank at which a Blocked Account is established or any other bank or person involved in the transfer of funds to or from the
Blocked Accounts arising out of the payments by Agent or any Lender to or indemnification of such bank or person in connection with such Blocked Account or any amounts received therein or transferred therefrom. The obligation of Borrowers to
reimburse Agent and Lenders for such amounts pursuant to this Section 6.3 shall survive the termination or non-renewal of this Agreement. 

(d) On or before April 30, 2005, (i) Borrowers and Guarantors shall use reasonable efforts to execute and
deliver, and cause to be executed and delivered to, Agent the Deposit Account Control Agreements by and among Agent, each Borrower and Guarantor, as the case may be, and Wachovia Bank, National Association as to any deposit account of a Borrower or
Guarantor maintained at such bank and (ii) Borrowers and Guarantors shall execute and deliver, and cause to be executed and delivered to Agent, the Deposit Account Control Agreements or Investment Property Control Agreements by and among Agent,
each Borrower and Guarantor, as the case may be, at each other bank or other institution where such Borrower (or Guarantor) has a deposit account or investment account for which it is required to obtain a Deposit Account Control Agreement pursuant
to Section 6.3 hereof or an Investment Property Control Agreement pursuant to Section 5.2(e) or otherwise, in each case, duly authorized, executed and delivered by such bank and Borrower or Guarantor, as the case may be. 

6.4 Payments. 

(a) All Obligations shall be payable to the Agent Payment Account as provided in Section 6.3 or such other place as
Agent may designate from time to time. Agent shall apply payments received or collected from any Borrower or Guarantor or for the account of any Borrower or Guarantor (including the monetary proceeds of collections or of realization upon any
Collateral) as follows: first, to pay any fees, indemnities or expense reimbursements then due to Agent and Lenders from any Borrower or Guarantor; second, to pay interest due in respect of any Revolving Loans (and including any
Special Agent Advances); third, to pay or prepay principal in respect of Special Agent Advances; fourth, to pay principal due in respect of the Revolving Loans and to pay any Obligations then due arising under or pursuant to any Hedge
Agreements of a Borrower or Guarantor with Agent, any Lender, any Affiliate of any Lender or any other financial institution acceptable to Agent (up to the amount of any then effective Reserve established in respect of such Obligations), on a
pro rata basis; fifth, to pay or prepay 
  

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any other Obligations consisting of Revolving Loans, whether or not then due, and any other Obligations then due, in each case in such order and manner as Agent determines or on and after an
Event of Default, to be held as cash collateral in connection with any Letter of Credit Accommodations or other contingent Obligations (but not including for this purpose any Obligations arising under or pursuant to any Hedge Agreements) and
sixth, to pay any Obligations then due arising under or pursuant to Hedge Agreements (other than to the extent provided for above) on a pro rata basis. Notwithstanding anything to the contrary contained in this Agreement,
(i) unless so directed by Borrower Agent, or unless a Default or an Event of Default shall exist or have occurred and be continuing, Agent shall not apply any payments which it receives to any Eurodollar Rate Loans, except (A) on the
expiration date of the Interest Period applicable to any such Eurodollar Rate Loans or (B) in the event that there are no outstanding Prime Rate Loans and (ii) to the extent any Borrower uses any proceeds of the Revolving Loans or Letter
of Credit Accommodations to acquire rights in or the use of any Collateral or to repay any Indebtedness used to acquire rights in or the use of any Collateral, payments in respect of the Obligations shall be deemed applied first to the Obligations
arising from Revolving Loans and Letter of Credit Accommodations that were not used for such purposes and second to the Obligations arising from Revolving Loans and Letter of Credit Accommodations the proceeds of which were used to acquire rights in
or the use of any Collateral in the chronological order in which such Borrower acquired such rights in or the use of such Collateral. So long as no Event of Default shall exist or have occurred and be continuing and there is Excess Availability
after giving effect thereto, amounts received by Agent from Borrowers pursuant to this Section 6.4(a) that are not applied to the Obligations in accordance herewith shall, at the request of Borrower Agent received by Agent on or before 12:00
noon New York City time on any Business Day, be remitted to Borrower Agent or any Borrower as Agent may direct. 

(b) At Agent’s option, all principal, interest, fees, costs, expenses and other charges provided for in this
Agreement or the other Financing Agreements may be charged directly to the loan account(s) of any Borrower maintained by Agent. 

(c) Except as otherwise required by law, any and all payments by or on behalf of any Borrower or Guarantor hereunder and
under any other Financing Agreement shall be made, in accordance with Section 6.4 hereof, free and clear of and without deduction for any and all Indemnified Taxes. In addition, Borrowers agree to pay to the relevant Governmental Authority in
accordance with applicable law any Other Taxes. 
 (d) If any Borrower or Guarantor shall be required by law to
deduct or withhold in respect of any Indemnified Taxes or Other Taxes from or in respect of any sum payable hereunder to Agent or any Lender, then: 

(i) the sum payable shall be increased as necessary so that after making all required deductions and withholdings
(including deductions and withholdings applicable to additional sums payable under this Section) such Lender (or Agent on behalf of such Lender) receives an amount equal to the sum it would have received had no such deductions or withholdings been
made; 
  

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 (ii) such Borrower or Guarantor shall make such deductions and withholdings;

 (iii) such Borrower or Guarantor shall pay the full amount deducted or withheld to the relevant taxing
authority or other authority in accordance with applicable law; and 
 (iv) to the extent not paid to Agent and
Lenders pursuant to clause (i) above, such Borrower or Guarantor shall also pay to Agent or any Lender, at the time interest is paid, all additional amounts which Agent or any Lender specifies as necessary to preserve the after-tax yield such Lender
would have received if such Indemnified Taxes or Other Taxes had not been imposed. 
 (e) Within thirty
(30) days after the date of any payment by any Borrower or Guarantor of Indemnified Taxes or Other Taxes, upon Agent’s request, such Borrower or Guarantor shall furnish to Agent the original or a certified copy of a receipt evidencing
payment thereof, or other evidence of payment reasonably satisfactory to Agent. 
 (f) Borrowers will indemnify
Agent and each Lender (or Transferee) for the full amount of Indemnified Taxes and Other Taxes paid by Agent or such Lender (or Transferee, as the case may be). If Agent or such Lender (or Transferee) receives a refund in respect of any Indemnified
Taxes or Other Taxes for which Lender (or Transferee) has received payment from any Borrower or Guarantor hereunder, so long as no Default or Event of Default shall exist or have occurred and be continuing, Agent or such Lender (as the case may be)
shall credit to the loan account of Borrowers the amount of such refund plus any interest received (but only to the extent of indemnity payments made, or additional amounts paid, by Borrowers or Guarantors under this Section 6.4 with respect to
the Indemnified Taxes or Other Taxes giving rise to such refund). If a Lender (or any Transferee) claims a tax credit in respect of any Indemnified Taxes or Other Taxes for which it has been indemnified by Borrowers or Guarantors pursuant to this
Section 6.4, such Lender will apply the amount of the actual dollar benefit received by such Lender as a result thereof, as reasonably calculated by Lender and net of all expenses related thereto, to the Revolving Loans. If Indemnified Taxes or
Other Taxes were not correctly or legally asserted, Agent or such Lender shall, upon Borrower Agent’s request and at Borrowers’ expense, provide such documents to Borrower Agent in form and substance reasonably satisfactory to both
Borrower Agent and Agent, as Borrower Agent may reasonably request, to enable Borrowers to contest such Indemnified Taxes or Other Taxes pursuant to appropriate proceedings then available to such Borrower (so long as providing such documents shall
not, in the good faith determination of Agent, have a reasonable likelihood of resulting in any liability of Agent or any Lender). 

(g) If after receipt of any payment of, or proceeds of Collateral applied to the payment of, any of the Obligations, Agent
or any Lender is required to surrender or return such payment or proceeds to any Person for any reason, then the Obligations intended to be satisfied by such payment or proceeds shall be reinstated and continue and this Agreement shall continue in
full force and effect as if such payment or proceeds had not been received by Agent or such Lender. Borrowers and Guarantors shall be liable to pay to Agent, and do hereby indemnify and hold Agent and Lenders harmless for the amount of any payments
or proceeds surrendered or 
  

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returned. This Section 6.4(g) shall remain effective notwithstanding any contrary action which may be taken by Agent or any Lender in reliance upon such payment or proceeds. This
Section 6.4 shall survive the payment of the Obligations and the termination of this Agreement. 
 (h) Each
Foreign Lender, on or prior to the date of its execution and delivery of this Agreement, or on or prior to the date on which it first becomes a Lender in the case of each Transferee, and from time to time thereafter if requested in writing by
Borrower Agent or the Agent, shall provide Borrower Agent and Agent with (i) two duly completed copies of Internal Revenue Service Form W-8BEN, or any successor form prescribed by the Internal Revenue Service, certifying that such Foreign
Lender is entitled to benefits under any income tax treaty to which the United States is a party which reduces to zero the rate of withholding tax on payments of interest, or (ii) two duly completed copies of Internal Revenue Service Form
W-8ECI, or any successor form prescribed by the Internal Revenue Service, certifying that the income receivable pursuant to this Agreement is effectively connected with the conduct of a trade or business in the United States. Each Foreign Lender (or
Transferee) also agrees to deliver to Borrower Agent and Agent two further copies of Form W-8BEN or W-8ECI or successor applicable forms on or before the date that any such form expires or becomes obsolete or after the occurrence of any event
(including, without limitation, a change in such Foreign Lender’s (or Transferee’s) lending office) requiring a change in the most recent form previously delivered by it to Borrower Agent and Agent, and to obtain such extensions of the
time for filing and to renew such forms as may reasonably be requested by Borrower Agent or Agent. Notwithstanding the foregoing provisions of this Section 6.4(h), no Foreign Lender (or Transferee) shall be required to deliver or provide any
form pursuant to this Section 6.4 if such Foreign Lender (or Transferee) is not then legally able to do so as a result of a Change in Law that occurs following the date such Foreign Lender (or Transferee) becomes a party hereto. From time to
time if requested in writing by Borrower Agent, Agent shall provide Borrower Agent with Internal Revenue Service Form W-8ECI, or any successor form prescribed by the Internal Revenue Service, certifying that the income receivable pursuant to this
Agreement is effectively connected with the conduct of a trade or business in the United States. Each Lender or Transferee that is a “United States person, “ as defined under Section 7701(a)(30) of the Code, and that is not a
corporation, agrees that it will deliver to Borrower Agent and Agent a Form W-9 stating that it is entitled to an exemption from United States backup withholding tax. 

6.5 Authorization to Make Revolving Loans. Agent and Lenders are authorized to make the Loans and provide the Letter of Credit
Accommodations based upon telephonic or other instructions received from anyone purporting to be an officer of Borrower Agent or any Borrower or other authorized person or, at the discretion of Agent, if such Loans are necessary to satisfy any
Obligations. All requests for Revolving Loans or Letter of Credit Accommodations hereunder shall specify the date on which the requested advance is to be made or Letter of Credit Accommodations established (which day shall be a Business Day) and the
amount of the requested Revolving Loan. Requests received after 12:00 noon New York City time on any day shall be deemed to have been made as of the opening of business on the immediately following Business Day. All Revolving Loans and Letter of
Credit Accommodations under this Agreement shall be conclusively presumed to have been made to, and at the request of and for the benefit of, any Borrower or Guarantor when deposited to the credit of any Borrower or Guarantor or otherwise disbursed
or established in accordance with the instructions of any Borrower or Guarantor or in accordance with the terms and conditions of this Agreement. 
  

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 6.6 Use of Proceeds. All Revolving Loans made or Letter of Credit Accommodations
provided to or for the benefit of any Borrower pursuant to the provisions hereof shall be used by such Borrower only for general operating, working capital and other corporate purposes of such Borrower not otherwise prohibited by the terms hereof.
None of the proceeds will be used, directly or indirectly, for the purpose of purchasing or carrying any margin security or for the purposes of reducing or retiring any indebtedness which was originally incurred to purchase or carry any margin
security or for any other purpose which might cause any of the Revolving Loans to be considered a “purpose credit” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System, as amended. 

6.7 Appointment of Borrower Agent as Agent for Requesting Revolving Loans and Receipts of Revolving Loans and Statements.

 (a) Each Borrower hereby irrevocably appoints and constitutes Borrower Agent as its agent to request and
receive Revolving Loans and Letter of Credit Accommodations pursuant to this Agreement and the other Financing Agreements from Agent or any Lender in the name or on behalf of such Borrower. Agent and Lenders may disburse the Loans to such bank
account of Borrower Agent or a Borrower or otherwise make such Loans to a Borrower and provide such Letter of Credit Accommodations to a Borrower as Borrower Agent may designate or direct, without notice to any other Borrower or Obligor.
Notwithstanding anything to the contrary contained herein, Agent may at any time and from time to time require that Loans to or for the account of any Borrower be disbursed directly to an operating account of such Borrower. 

(b) Borrower Agent hereby accepts the appointment by Borrowers to act as the agent of Borrowers pursuant to this
Section 6.7. 
 (c) Borrower Agent shall ensure that the disbursement of any Revolving Loans to each
Borrower requested by or paid to or for the account of Parent, or the issuance of any Letter of Credit Accommodations for a Borrower hereunder, shall be paid to or for the account of such Borrower. 

(d) Each Borrower and other Guarantor hereby irrevocably appoints and constitutes Borrower Agent as its agent to receive
statements on account and all other notices from Agent and Lenders with respect to the Obligations or otherwise under or in connection with this Agreement and the other Financing Agreements. 

(e) Any notice, election, representation, warranty, agreement or undertaking by or on behalf of any other Borrower or any
Guarantor by Borrower Agent shall be deemed for all purposes to have been made by such Borrower or Guarantor, as the case may be, and shall be binding upon and enforceable against such Borrower or Guarantor to the same extent as if made directly by
such Borrower of Guarantor. 
 (f) No purported termination of the appointment of Borrower Agent as agent as
aforesaid shall be effective, except after ten (10) days’ prior written notice to Agent. 
 6.8 Pro Rata
Treatment. Except to the extent otherwise provided in this Agreement: (a) the making and conversion of Revolving Loans shall be made among the Lenders based on their respective Pro Rata Shares as to the Revolving Loans and (b) each
payment on account of any Obligations to or for the account of one or more of Lenders in respect of any Obligations due on a particular day shall be allocated among the Lenders entitled to such payments based on their respective Pro Rata Shares and
shall be distributed accordingly. 
  

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 6.9 Sharing of Payments, Etc. 

(a) Each Borrower and Guarantor agrees that, in addition to (and without limitation of) any right of setoff, banker’s
lien or counterclaim Agent or any Lender may otherwise have, each Lender shall be entitled, at its option (but subject, as among Agent and Lenders, to the provisions of Section 12.3(b) hereof), to offset balances held by it for the account of
such Borrower or Guarantor at any of its offices, in dollars or in any other currency, against any principal of or interest on any Revolving Loans owed to such Lender or any other amount payable to such Lender hereunder, that is not paid when due
(regardless of whether such balances are then due to such Borrower or Guarantor), in which case it shall promptly notify Borrower Agent and Agent thereof; provided, that, such Lender’s failure to give such notice shall not affect
the validity thereof. 
 (b) If any Lender (including Agent) shall obtain from any Borrower or Guarantor payment
of any principal of or interest on any Revolving Loan owing to it or payment of any other amount under this Agreement or any of the other Financing Agreements through the exercise of any right of setoff, banker’s lien or counterclaim or similar
right or otherwise (other than from Agent as provided herein), and, as a result of such payment, such Lender shall have received more than its Pro Rata Share of the principal of the Revolving Loans or more than its share of such other amounts then
due hereunder or thereunder by any Borrower or Guarantor to such Lender than the percentage thereof received by any other Lender, it shall promptly pay to Agent, for the benefit of Lenders, the amount of such excess and simultaneously purchase from
such other Lenders a participation in the Loans or such other amounts, respectively, owing to such other Lenders (or such interest due thereon, as the case may be) in such amounts, and make such other adjustments from time to time as shall be
equitable, to the end that all Lenders shall share the benefit of such excess payment (net of any expenses that may be incurred by such Lender in obtaining or preserving such excess payment) in accordance with their respective Pro Rata Shares or as
otherwise agreed by Lenders. To such end all Lenders shall make appropriate adjustments among themselves (by the resale of participation sold or otherwise) if such payment is rescinded or must otherwise be restored. 

(c) Each Borrower and Guarantor agrees that any Lender purchasing a participation (or direct interest) as provided in this
Section may exercise, in a manner consistent with this Section, all rights of setoff, banker’s lien, counterclaim or similar rights with respect to such participation as fully as if such Lender were a direct holder of Revolving Loans or other
amounts (as the case may be) owing to such Lender in the amount of such participation. 
 (d) Nothing contained
herein shall require any Lender to exercise any right of setoff, banker’s lien, counterclaims or similar rights or shall affect the right of any Lender to exercise, and retain the benefits of exercising, any such right with respect to any other
Indebtedness or obligation of any Borrower or Guarantor. If, under any applicable bankruptcy, insolvency or other similar law, any Lender receives a secured claim in lieu of a setoff to which this Section applies, such Lender shall, to the extent
practicable, assign such rights to Agent for the benefit of Lenders and, in any event, exercise its rights in respect of such secured claim in a manner consistent with the rights of Lenders entitled under this Section to share in the benefits of any
recovery on such secured claim. 
  

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 6.10 Settlement Procedures. 

(a) In order to administer the Credit Facility in an efficient manner and to minimize the transfer of funds between Agent
and Lenders, Agent may, at its option, subject to the terms hereof, make available, on behalf of Lenders, the full amount of the Revolving Loans requested or charged to any Borrower’s loan account(s) or otherwise to be advanced by Lenders
pursuant to the terms hereof, without requirement of prior notice to Lenders of the proposed Loans. 
 (b) With
respect to all Loans made by Agent on behalf of Lenders as provided in this Section, the amount of each Lender’s Pro Rata Share of the outstanding Loans shall be computed weekly, and shall be adjusted upward or downward on the basis of the
amount of the outstanding Loans as of 5:00 p.m. New York City time on the Business Day immediately preceding the date of each settlement computation; provided, that, Agent retains the absolute right at any time or from time to time to
make the above described adjustments at intervals more frequent than weekly, but in no event more than twice in any week. Agent shall deliver to each of the Lenders after the end of each week, or at such lesser period or periods as Agent shall
determine, a summary statement of the amount of outstanding Loans for such period (such week or lesser period or periods being hereinafter referred to as a “Settlement Period”). If the summary statement is sent by Agent and received by a
Lender prior to 12:00 p.m. New York City time, then such Lender shall make the settlement transfer described in this Section by no later than 3:00 p.m. New York City time on the same Business Day and if received by a Lender after 12:00 p.m. New York
City time, then such Lender shall make the settlement transfer by not later than 3:00 p.m. New York City time on the next Business Day following the date of receipt. If, as of the end of any Settlement Period, the amount of a Lender’s Pro Rata
Share of the outstanding Revolving Loans is more than such Lender’s Pro Rata Share of the outstanding Loans as of the end of the previous Settlement Period, then such Lender shall forthwith (but in no event later than the time set forth in the
preceding sentence) transfer to Agent by wire transfer in immediately available funds the amount of the increase. Alternatively, if the amount of a Lender’s Pro Rata Share of the outstanding Revolving Loans in any Settlement Period is less than
the amount of such Lender’s Pro Rata Share of the outstanding Loans for the previous Settlement Period, Agent shall forthwith transfer to such Lender by wire transfer in immediately available funds the amount of the decrease. The obligation of
each of the Lenders to transfer such funds and effect such settlement shall be irrevocable and unconditional and without recourse to or warranty by Agent. Agent and each Lender agrees to mark its books and records at the end of each Settlement
Period to show at all times the dollar amount of its Pro Rata Share of the outstanding Revolving Loans and Letter of Credit Accommodations. Each Lender shall only be entitled to receive interest on its Pro Rata Share of the Revolving Loans to the
extent such Loans have been funded by such Lender. Because the Agent on behalf of Lenders may be advancing and/or may be repaid Loans prior to the time when Lenders will actually advance and/or be repaid such Revolving Loans, interest with respect
to Revolving Loans shall be allocated by Agent in accordance with the amount of Revolving Loans actually advanced by and repaid to each Lender and the Agent and shall accrue from and including the date such Revolving Loans are so advanced to but
excluding the date such Revolving Loans are either repaid by Borrowers or actually settled with the applicable Lender as described in this Section. 
  

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 (c) To the extent that Agent has made any such amounts available and the
settlement described above shall not yet have occurred, upon repayment of any Revolving Loans by Borrowers, Agent may apply such amounts repaid directly to any amounts made available by Agent pursuant to this Section. In lieu of weekly or more
frequent settlements, Agent may, at its option, at any time require each Lender to provide Agent with immediately available funds representing its Pro Rata Share of each Revolving Loan, prior to Agent’s disbursement of such Revolving Loan to
Borrowers. In such event, all Revolving Loans under this Agreement shall be made by the Lenders simultaneously and proportionately to their Pro Rata Shares. No Lender shall be responsible for any default by any other Lender in the other
Lender’s obligation to make a Revolving Loan requested hereunder nor shall the Commitment of any Lender be increased or decreased as a result of the default by any other Lender in the other Lender’s obligation to make a Revolving Loan
hereunder. 
 (d) If Agent is not funding a particular Revolving Loan to Borrowers (or Borrower Agent for the
benefit of Borrowers) pursuant to this Section on any day, Agent may assume that each Lender will make available to Agent such Lender’s Pro Rata Share of the Revolving Loan requested or otherwise made on such day and Agent may, in its
discretion, but shall not be obligated to, cause a corresponding amount to be made available to or for the benefit of such Borrower on such day. If Agent makes such corresponding amount available to a Borrower and such corresponding amount is not in
fact made available to Agent by such Lender, Agent shall be entitled to recover such corresponding amount on demand from such Lender together with interest thereon for each day from the date such payment was due until the date such amount is paid to
Agent at the Federal Funds Rate for each day during such period (as published by the Federal Reserve Bank of New York or at Agent’s option based on the arithmetic mean determined by Agent of the rates for the last transaction in overnight
Federal funds arranged prior to 9:00 a.m. (New York City time) on that day by each of the three leading brokers of Federal funds transactions in New York City selected by Agent) and if such amounts are not paid within three (3) days of
Agent’s demand, at the highest Interest Rate provided for in Section 3.1 hereof applicable to Prime Rate Loans. During the period in which such Lender has not paid such corresponding amount to Agent, notwithstanding anything to the
contrary contained in this Agreement or any of the other Financing Agreements, the amount so advanced by Agent to or for the benefit of any Borrower shall, for all purposes hereof, be a Loan made by Agent for its own account. Upon any such failure
by a Lender to pay Agent, Agent shall promptly thereafter notify Borrower Agent of such failure and Borrowers shall pay such corresponding amount to Agent for its own account within five (5) Business Days of Borrower Agent’s receipt of
such notice. A Lender who fails to pay Agent its Pro Rata Share of any Loans made available by the Agent on such Lender’s behalf, or any Lender who fails to pay any other amount owing by it to Agent, is a “Defaulting Lender”. Agent
shall not be obligated to transfer to a Defaulting Lender any payments received by Agent for the Defaulting Lender’s benefit, nor shall a Defaulting Lender be entitled to the sharing of any payments hereunder (including any principal, interest
or fees). Amounts payable to a Defaulting Lender shall instead be paid to or retained by Agent. Agent may hold and, in its discretion, relend to a Borrower the amount of all such payments received or retained by it for the account of such Defaulting
Lender. For purposes of voting or consenting to matters with respect to this Agreement and the other 
  

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Financing Agreements and determining Pro Rata Shares, such Defaulting Lender shall be deemed not to be a “Lender” and such Lender’s Commitment shall be deemed to be zero (0). This
Section shall remain effective with respect to a Defaulting Lender until such default is cured. The operation of this Section shall not be construed to increase or otherwise affect the Commitment of any Lender, or relieve or excuse the performance
by any Borrower or Obligor of their duties and obligations hereunder. 
 (e) Nothing in this Section or elsewhere
in this Agreement or the other Financing Agreements shall be deemed to require Agent to advance funds on behalf of any Lender or to relieve any Lender from its obligation to fulfill its Commitment hereunder or to prejudice any rights that any
Borrower may have against any Lender as a result of any default by any Lender hereunder in fulfilling its Commitment. 
 6.11
Obligations Several; Independent Nature of Lenders’ Rights. The obligation of each Lender hereunder is several, and no Lender shall be responsible for the obligation or commitment of any other Lender hereunder. Nothing contained in this
Agreement or any of the other Financing Agreements and no action taken by the Lenders pursuant hereto or thereto shall be deemed to constitute the Lenders to be a partnership, an association, a joint venture or any other kind of entity. The amounts
payable at any time hereunder to each Lender shall be a separate and independent debt, and subject to Section 12.3 hereof, each Lender shall be entitled to protect and enforce its rights arising out of this Agreement and it shall not be
necessary for any other Lender to be joined as an additional party in any proceeding for such purpose. 
 SECTION 7. COLLATERAL REPORTING
AND COVENANTS 
 7.1 Collateral Reporting. 

(a) Borrowers, or Borrower Agent on behalf of Borrowers, shall provide Agent with the following documents in a form
reasonably satisfactory to Agent: 
 (i) as soon as possible after the end of each month (but in any event within
ten (10) Business Days after the end thereof) so long as no Default or Event of Default exists and Excess Availability shall be greater than $20,000,000 (and more frequently as Agent may require at any time a Default or Event of Default exists
or Excess Availability is less than $20,000,000), a Borrowing Base Certificate setting forth the calculation of the Borrowing Base as of the last Business Day of the immediately preceding period as to the Accounts and Inventory, duly completed and
executed by the chief financial officer, vice president of finance, treasurer or controller of Borrower Agent, together with all schedules required pursuant to the terms of the Borrowing Base Certificate duly completed, including but not limited to
(A) a monthly aging of Credit Card Receivables identifying those outstanding more than five (5) Business Days since the sale date giving rise thereto and (B) an inventory summary report by category (consisting of retail, factory
outlet and direct inventory (and upon Agent’s request, letter of credit inventory) and identifying in the case of each of retail, factory outlet and direct, the applicable store and warehouse where such Inventory is located; 

 

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 (ii) as soon as possible after the end of each month (but in any event
within ten (10) Business Days after the end thereof), on a monthly basis or more frequently as Agent may request, (A) perpetual inventory reports by location and category (and including the amounts of Inventory and the value thereof at any
leased locations and at premises of warehouses, processors or other third parties), (B) list of outstanding accounts payable (and including information indicating the amounts owing to owners and lessors of leased premises, warehouses,
fulfillment centers, processors and other third parties from time to time in possession of any Collateral), and (C) reports on sales and use tax collections, deposits and payments, including monthly sales and use tax accruals; 

(iii) as soon as possible after the end of each month (but in any event ten (10) Business Days after the end
thereof), in each case certified by the chief financial officer or controller of Borrowers or Borrower Agent as true and correct: (A) a statement confirming the payment of rent and other amounts due to owners and lessors of real property used
by Borrower in the immediately preceding month, subject to year-end or monthly percentage rent payment adjustments, (B) the addresses of all new retail store locations (including factory store locations) of Borrowers and Guarantors opened and
existing retail store locations (including factory store locations) closed or sold, in each case since the date of the most recent certificate delivered to Agent containing the information required under this clause, and (C) a report of any new
deposit account established or used by any Borrower or Guarantor with any bank or other financial institution, including the Borrower or Guarantor in whose name the account is maintained, the account number, the name and address of the financial
institution at which such account is maintained, the purpose of such account and, if any, the amount held in such account on or about the date of such report; 

(iv) upon Agent’s request, (A) reports of sales for each category of Inventory, (B) reports of aggregate
Inventory purchases (including all costs related thereto, such as freight, duty and taxes) and identifying items of Inventory in transit to any Borrower or Guarantor related to the applicable documentary letter of credit and/or bill of lading
number, (C) copies of remittance advices and reports, and copies of deposit slips and bank statements, (D) copies of shipping and delivery documents, (E) copies of purchase orders, invoices and delivery documents for Inventory and
Equipment acquired by Borrowers and Guarantor, and (F) reports by retail store location of sales and operating profits for each such retail store location; 

(v) upon Agent’s request, the monthly statements received by any Borrower or any of its Affiliates from any Credit
Card Issuers or Credit Card Processors, together with such additional information with respect thereto as shall be sufficient to enable Agent to monitor the transactions pursuant to the Credit Card Agreements; 

(vi) such other reports as to the Collateral as Agent shall reasonably request from time to time. 

(b) Nothing contained in any Borrowing Base Certificate shall be deemed to limit, impair or otherwise affect the rights of
Agent contained herein and in the event of any conflict or inconsistency between the calculation of the Borrowing Base as set forth in any Borrowing Base Certificate and as determined by Agent in its good faith, the determination of Agent shall
govern and be conclusive and binding upon Borrowers and Guarantors, absent manifest error. Without limiting the foregoing, Borrowers shall furnish to Agent any information which Agent may reasonably request regarding the determination and
calculation of any of the amounts set forth in any Borrowing Base Certificate. The Borrowing Base may be adjusted based on the information set forth in the reports received by Agent pursuant to Section 7.1(a)(i) above. 

 

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 7.2 Accounts Covenants. 

(a) Each Borrower shall notify Agent promptly of the assertion of (i) any claims, offsets, defenses or counterclaims
by any account debtor, Credit Card Issuer or Credit Card Processor or any disputes with any of such persons or any settlement, adjustment or compromise thereof, to the extent any of the foregoing exceeds $75,000 in any one case or $200,000 in the
aggregate and (ii) all material adverse information relating to the financial condition of any account debtor, Credit Card Issuer or Credit Card Processor. No credit, discount, allowance or extension or agreement for any of the foregoing shall
be granted to any account debtor, Credit Card Issuer or Credit Card Processor except in the ordinary course of a Borrower’s business in accordance with the current practices of such Borrower as in effect on the date hereof. So long as no Event
of Default exists or has occurred and is continuing, no Borrower shall settle, adjust or compromise any claim, offset, counterclaim or dispute with any account debtor, Credit Card Issuer, Credit Card Processor. At any time that an Event of Default
exists or has occurred and is continuing, Agent shall, at its option, have the exclusive right to settle, adjust or compromise any claim, offset, counterclaim or dispute with account debtors, Credit Card Issuers or Credit Card Processors or grant
any credits, discounts or allowances. 
 (b) With respect to each Account: (i) no payments shall be made
thereon except payments delivered to Agent pursuant to the terms of this Agreement, (ii) there shall be no setoffs, deductions, contras, defenses, counterclaims or disputes existing or asserted with respect thereto except as reported to Agent
in accordance with the terms of this Agreement and (iii) none of the transactions giving rise thereto will violate in any material respect any applicable State or Federal Laws or regulations, all documentation relating thereto will be legally
sufficient under such laws and regulations and all such documentation will be legally enforceable in accordance with its terms. 

(c) Each Borrower shall notify Agent promptly of: (i) any notice of a material default by such Borrower under any of the
Credit Card Agreements or of any default which has a reasonable likelihood of resulting in the Credit Card Issuer or Credit Card Processor ceasing to make payments or suspending payments to such Borrower, (ii) any notice from any Credit Card
Issuer or Credit Card Processor that such person is ceasing or suspending, or will cease or suspend, any present or future payments due or to become due to such Borrower from such person, or that such person is terminating or will terminate any of
the Credit Card Agreements, and (iii) the failure of such Borrower to comply with any material terms of the Credit Card Agreements or any terms thereof which has a reasonable likelihood of resulting in the Credit Card Issuer or Credit Card
Processor ceasing or suspending payments to such Borrower. 
 (d) Agent shall have the right at any time or
times, in Agent’s name or in the name of a nominee of Agent, to verify the validity, amount or any other matter relating to any Receivables or other Collateral, by mail, telephone, facsimile transmission or otherwise. 

 

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 7.3 Equipment and Real Property Covenants. With respect to the Inventory:
(a) each Borrower and Guarantor shall at all times maintain inventory records reasonably satisfactory to Agent, keeping correct and accurate records itemizing and describing the kind, type, quality and quantity of Inventory, such
Borrower’s or Guarantor’s cost therefor and daily withdrawals therefrom and additions thereto; (b) Borrowers and Guarantors shall conduct a physical count of the Inventory either through periodic cycle counts or wall to wall counts,
so that all Inventory is subject to such counts at least once each year, but at any time or times as Agent may request at any time an Event of Default exists or has occurred and is continuing, and promptly following such physical inventory (whether
through periodic cycle counts or wall to wall counts) shall supply Agent with a report in the form and with such specificity as may be reasonably satisfactory to Agent concerning such physical count; (c) Borrowers and Guarantors shall not
remove any Inventory from the locations set forth or permitted herein, without the prior written consent of Agent, except for sales of Inventory in the ordinary course of Borrowers’ business and except to move Inventory directly from one
location set forth or permitted herein to another such location and except for Inventory shipped from the manufacturer thereof to such Borrower or Guarantor which is in transit to the locations set forth or permitted herein; (d) upon
Agent’s request, Borrowers shall, at their expense, no more than three (3) times in any twelve (12) month period, but at any time or times as Agent may request at Agent’s expense, or at any time or times as Agent may request at
Borrowers’ expense at any time an Event of Default exists or has occurred and is continuing, deliver or cause to be delivered to Agent written reports or appraisals as to the Inventory in form, scope and methodology acceptable to Agent and by
an appraiser acceptable to Agent, addressed to Agent and upon which Agent and Lenders are expressly permitted to rely; (e) upon Agent’s request, Borrowers shall, at their expense, conduct through RGIS Inventory Specialists, Inc. or another
inventory counting service acceptable to Agent, a physical count of the Inventory in form, scope and methodology acceptable to Agent no more than two (2) times in any twelve (12) month period, but at any time or times as Agent may request
at any time an Event of Default exists or has occurred and is continuing or at any time or times as Agent may request in the event of test count variances in excess of the shrinkage reserve established by any Borrower, the results of which shall be
reported directly by such inventory counting service to Agent and Borrowers shall promptly deliver confirmation in a form satisfactory to Agent that appropriate adjustments have been made to the inventory records of Borrowers to reconcile the
inventory count to Borrowers’ inventory records; (f) each Borrower and Guarantor shall produce, use, store and maintain the Inventory, with all reasonable care and caution and in accordance with applicable standards of any insurance and in
conformity with applicable laws (including the requirements of the Federal Fair Labor Standards Act of 1938, as amended and all rules, regulations and orders related thereto); (g) none of the Inventory or other Collateral constitutes farm
products or the proceeds thereof; (h) each Borrower and Guarantor assumes all responsibility and liability arising from or relating to the production, use, sale or other disposition of the Inventory; (i) Borrowers and Guarantors shall not
sell Inventory to any customer on approval, or any other basis which entitles the customer to return or may obligate any Borrower or Guarantor to repurchase such Inventory except for the right of return given to retail customers of such Borrower in
the ordinary course of the business of such Borrower in accordance with the then current return policy of such Borrower; (j) Borrowers and Guarantors shall keep the Inventory in good and marketable condition; (k) Borrowers and Guarantors
shall not, without prior written notice to Agent or the specific identification of such Inventory in a report with respect thereto provided by Borrower Agent to Agent pursuant to Section 7.1 (a) hereof, acquire or accept any Inventory on
consignment or approval. 
  

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 7.4 Equipment and Real Property Covenants. With respect to the Equipment and Real
Property subject to the Mortgages: (a) Borrowers and Guarantors shall keep the Equipment in good order, repair, running and marketable condition (ordinary wear and tear excepted); (b) Borrowers and Guarantors shall use the Equipment and
Real Property with all reasonable care and caution and in accordance with applicable standards of any insurance and in material conformity with all applicable laws; (c) the Equipment is and shall be used in the business of Borrowers and
Guarantors and not for personal, family, household or farming use; (d) Borrowers and Guarantors shall not remove any Equipment from the locations set forth or permitted herein, except to the extent necessary to have any Equipment repaired or
maintained in the ordinary course of its business or to move Equipment directly from one location set forth or permitted herein to another such location and except for the movement of motor vehicles used by or for the benefit of such Borrower or
Guarantor in the ordinary course of business; (e) the Equipment is now and shall remain personal property and Borrowers and Guarantors shall not permit any of the Equipment to be or become a part of or affixed to real property; and
(f) each Borrower and Guarantor assumes all responsibility and liability arising from the use of the Equipment and Real Property. 

7.5 Power of Attorney. Each Borrower and Guarantor hereby irrevocably designates and appoints Agent (and all persons designated by
Agent) as such Borrower’s and Guarantor’s true and lawful attorney-in-fact, and authorizes Agent, in such Borrower’s, Guarantor’s or Agent’s name, to: (a) at any time an Event of Default exists or has occurred and is
continuing (i) demand payment on Receivables or other Collateral, (ii) enforce payment of Receivables by legal proceedings or otherwise, (iii) exercise all of such Borrower’s or Guarantor’s rights and remedies to collect any
Receivable or other Collateral, (iv) sell or assign any Receivable upon such terms, for such amount and at such time or times as the Agent deems advisable, (v) settle, adjust, compromise, extend or renew an Account, (vi) discharge and
release any Receivable, (vii) prepare, file and sign such Borrower’s or Guarantor’s name on any proof of claim in bankruptcy or other similar document against an account debtor or other obligor in respect of any Receivables or other
Collateral, (viii) notify the post office authorities to change the address for delivery of remittances from account debtors or other obligors in respect of Receivables or other proceeds of Collateral to an address designated by Agent, and open
and dispose of all mail addressed to such Borrower or Guarantor and handle and store all mail relating to the Collateral; (ix) sign any Borrower’s or Guarantor’s name on any verification of Receivables and notices thereof to account
debtors or any secondary obligors or other obligors in respect thereof, and (x) do all acts and things which are necessary, in Agent’s determination, to fulfill such Borrower’s or Guarantor’s obligations under this Agreement and
the other Financing Agreements and (b) at any time to (i) take control in any manner of any item of payment in respect of Receivables or constituting Collateral or otherwise received in or for deposit in the Blocked Accounts or otherwise
received by Agent or any Lender, (ii) have access to any lockbox or postal box into which remittances from account debtors or other obligors in respect of Receivables or other proceeds of Collateral are sent or received, (iii) endorse such
Borrower’s or Guarantor’s name upon any items of payment in respect of Receivables or constituting Collateral or otherwise received by Agent and any Lender and deposit the same in Agent’s account for application to the Obligations,
(iv) endorse such Borrower’s or Guarantor’s name upon any chattel paper, 
  

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document, instrument, invoice, or similar document or agreement relating to any Receivable or any goods pertaining thereto or any other Collateral, including any warehouse or other receipts, or
bills of lading and other negotiable or non-negotiable documents, and (v) clear Inventory the purchase of which was financed with Letter of Credit Accommodations through U.S. Customs or foreign export control authorities in such Borrower’s
or Guarantor’s name, Agent’s name or the name of Agent’s designee, and to sign and deliver to customs officials powers of attorney in such Borrower’s or Guarantor’s name for such purpose, and to complete in such
Borrower’s or Guarantor’s or Agent’s name, any order, sale or transaction, obtain the necessary documents in connection therewith and collect the proceeds thereof. Each Borrower and Guarantor hereby releases Agent and Lenders and
their respective officers, employees and designees from any liabilities arising from any act or acts under this power of attorney and in furtherance thereof, whether of omission or commission, except as a result of Agent’s or any Lender’s
own gross negligence or wilful misconduct as determined pursuant to a final non-appealable order of a court of competent jurisdiction. 

7.6 Right to Cure. Agent may, at its option, upon notice to Borrower Agent, (a) cure any default by any Borrower or Guarantor
under any material agreement with a third party that affects the Collateral, its value or the ability of Agent to collect, sell or otherwise dispose of the Collateral or the rights and remedies of Agent or any Lender therein or the ability of any
Borrower or Guarantor to perform its obligations hereunder or under any of the other Financing Agreements, (b) pay or bond on appeal any judgment entered against any Borrower or Guarantor, (c) discharge taxes, liens, security interests or
other encumbrances at any time levied on or existing with respect to the Collateral and pay any amount, incur any expense or perform any act which, in Agent’s good faith judgment, is necessary or appropriate to preserve, protect, insure or
maintain the Collateral and the rights of Agent and Lenders with respect thereto. Agent may add any amounts so expended to the Obligations and charge any Borrower’s account therefor, such amounts to be repayable by Borrowers on demand. Agent
and Lenders shall be under no obligation to effect such cure, payment or bonding and shall not, by doing so, be deemed to have assumed any obligation or liability of any Borrower or Guarantor. Any payment made or other action taken by Agent or any
Lender under this Section shall be without prejudice to any right to assert an Event of Default hereunder and to proceed accordingly. 

7.7 Access to Premises. From time to time as requested by Agent, at the cost and expense of Borrowers, (a) Agent or its
designee shall have complete access to all of each Borrower’s and Guarantor’s premises during normal business hours and after reasonable notice to Parent, or at any time and without notice to Borrower Agent if an Event of Default exists or
has occurred and is continuing, for the purposes of inspecting, verifying and auditing the Collateral and all of each Borrower’s and Guarantor’s books and records, including the Records, and (b) each Borrower and Guarantor shall
promptly furnish to Agent such copies of such books and records or extracts therefrom as Agent may reasonably request, and Agent or any Lender or Agent’s designee may use during normal business hours such of any Borrower’s and
Guarantor’s personnel, equipment, supplies and premises as may be reasonably necessary for the foregoing (provided, that, Borrowers and Guarantors shall make such personnel, equipment, supplies and premises available to Agent or
its designee in such manner so as to minimize any interference with the operations of Borrowers and Guarantors) and if an Event of Default exists or has occurred and is continuing for the collection of Receivables and realization of other
Collateral. 
  

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 7.8 Intellectual Property Appraisal. At Agent’s request, no more than once in
any twelve (12) month period, but at any time or times as Agent may request at Agent’s expense, or at any time as Agent may request at Borrowers’ expense on or after an Event of Default, deliver or cause to be delivered to Agent
written appraisals as to the Intellectual Property by an appraiser acceptable to Agent, in form, scope and methodology acceptable to Agent, addressed to Agent and upon which Agent and Lenders are expressly permitted to rely. 

SECTION 8. REPRESENTATIONS AND WARRANTIES 

Each Borrower and Guarantor hereby represents and warrants to Agent and Lenders the following (which shall survive the execution and
delivery of this Agreement), the truth and accuracy of which are a continuing condition of the making of Revolving Loans and providing Letter of Credit Accommodations to Borrowers: 

8.1 Corporate or Limited Liability Company Existence, Power and Authority. Each Borrower and Guarantor is a corporation or limited
liability company duly organized and in good standing under the laws of its state of organization and is duly qualified as a foreign corporation or limited liability company and in good standing in all states or other jurisdictions where the nature
and extent of the business transacted by it or the ownership of assets makes such qualification necessary, except for those jurisdictions in which the failure to so qualify would not have a Material Adverse Effect. The execution, delivery and
performance of this Agreement, the other Financing Agreements and the transactions contemplated hereunder and thereunder (a) are all within each Borrower’s and Guarantor’s corporate or limited liability company powers, (b) have
been duly authorized, (c) are not in contravention of law or the terms of any Borrower’s or Guarantor’s certificate of incorporation, certificate of formation, by-laws, membership agreement or other organizational documentation, or
any indenture, agreement or undertaking to which any Borrower or Guarantor is a party or by which any Borrower or Guarantor or its property are bound and (d) will not result in the creation or imposition of, or require or give rise to any
obligation to grant, any lien, security interest, charge or other encumbrance upon any property of any Borrower or Guarantor. This Agreement and the other Financing Agreements to which any Borrower or Guarantor is a party constitute legal, valid and
binding obligations of such Borrower and Guarantor enforceable in accordance with their respective terms. 
 8.2 Name; State
of Organization; Chief Executive Office; Collateral Locations. 
 (a) The exact legal name of each Borrower
and Guarantor is as set forth on the signature page of this Agreement and in the Information Certificate. No Borrower or Guarantor has, during the past five years, been known by or used any other corporate or fictitious name or been a party to any
merger or consolidation, or acquired all or substantially all of the assets of any Person, or acquired any of its property or assets out of the ordinary course of business, except as set forth in the Information Certificate. 

(b) Each Borrower and Guarantor is an organization of the type and organized in the jurisdiction set forth in the
Information Certificate. The Information Certificate accurately sets forth the organizational identification number of each Borrower and Guarantor or accurately states that such Borrower or Guarantor has none and accurately sets forth the federal
employer identification number of each Borrower and Guarantor. 
  

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 (c) The chief executive office and mailing address of each Borrower and
Guarantor and each Borrower’s and Guarantor’s Records concerning Accounts are located only at the address identified as such in Schedule 8.2 to the Information Certificate and its only other places of business and the only other locations
of Collateral, if any, are the addresses set forth in Schedule 8.2 to the Information Certificate, subject to the rights of any Borrower or Guarantor to establish new locations in accordance with Section 9.2 below. The Information Certificate
correctly identifies any of such locations which are not owned by a Borrower or Guarantor and sets forth the owners and/or operators thereof. 

8.3 Financial Statements; No Material Adverse Change. All financial statements relating to any Borrower or Guarantor which have
been or may hereafter be delivered by any Borrower or Guarantor to Agent and Lenders have been prepared in accordance with GAAP (except as to any interim financial statements, to the extent such statements are subject to normal year-end adjustments
and do not include any notes) and fairly present in all material respects the financial condition and the results of operation of such Borrower and Guarantor as at the dates and for the periods set forth therein. Except as disclosed in any interim
financial statements furnished by Borrowers and Guarantors to Agent prior to the date of this Agreement, there has been no act, condition or event which has had or is reasonably likely to have a Material Adverse Effect since the date of the most
recent audited financial statements of any Borrower or Guarantor furnished by any Borrower or Guarantor to Agent prior to the date of the Existing Agreement. 

8.4 Priority of Liens; Title to Properties. The security interests and liens granted to Agent under this Agreement and the other
Financing Agreements constitute valid and upon the filing of a financing statement, control or possession by Agent, as applicable, perfected first priority liens and security interests in and upon the Collateral subject only to the liens indicated
on Schedule 8.4 to the Information Certificate and the other liens permitted under Section 9.8 hereof, including as to priority to the extent that such liens have priority under applicable law or as specified in Section 9.8. Each Borrower
and Guarantor has good and marketable fee simple title to or valid leasehold interests in all of its Real Property and good, valid and merchantable title to all of its other properties and assets subject to no liens, mortgages, pledges, security
interests, encumbrances or charges of any kind, except those granted to Agent and such others as are specifically listed on Schedule 8.4 to the Information Certificate or permitted under Section 9.8 hereof. 

8.5 Tax Returns. Each Borrower and Guarantor has filed, or caused to be filed, in a timely manner all tax returns, reports and
declarations which are required to be filed by it, where the failure to so file has or could reasonably be expected to have a Material Adverse Effect. All information in such tax returns, reports and declarations is complete and accurate in all
material respects. Each Borrower and Guarantor has paid or caused to be paid all material Taxes due and payable or claimed due and payable in any assessment received by it, except taxes the validity of which are being contested in good faith by
appropriate proceedings diligently pursued and available to such Borrower or Guarantor and with respect to which adequate reserves have been set aside on its books. Adequate provision has been made for the payment of all accrued and unpaid Federal,
State, county, local, foreign and other Taxes whether or not yet due and payable and whether or not disputed. 
  

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 8.6 Litigation. Except as set forth on Schedule 8.6 to the Information Certificate,
(a) there is no investigation by any Governmental Authority pending, or to the best of any Borrower’s or Guarantor’s knowledge threatened, against or affecting any Borrower or Guarantor, its or their assets or business and
(b) there is no action, suit, proceeding or claim by any Person pending, or to the best of any Borrower’s or Guarantor’s knowledge threatened, against any Borrower or Guarantor or its or their assets or goodwill, or against or
affecting any transactions contemplated by this Agreement, in each case, which has a reasonable possibility of being adversely determined and which, if adversely determined against such Borrower or Guarantor, has or could reasonably be expected to
have a Material Adverse Effect. 
 8.7 Compliance with Other Agreements and Applicable Laws. To Borrowers’ and
Guarantors’ knowledge, no Borrower or Guarantor is in default in any respect under, or in violation in any respect of any of the terms of, any material agreement, contract, instrument, lease or other commitment to which it is a party or by
which it or any of its assets are bound where such default or violation has or could reasonably be expected to have a Material Adverse Effect. To Borrowers’ and Guarantors’ knowledge, each Borrower is in compliance with the requirements of
all applicable laws, rules, regulations and orders of any Governmental Authority relating to its business, including, without limitation, those set forth in or promulgated pursuant to the Occupational Safety and Health Act of 1970, as amended, the
Fair Labor Standards Act of 1938, as amended, ERISA, the Code, as amended, and the rules and regulations thereunder, all Federal, State and local statutes, regulations, rules and orders relating to consumer credit (including, without limitation, as
each has been amended, the Truth-in-Lending Act, the Fair Credit Billing Act, the Equal Credit Opportunity Act and the Fair Credit Reporting Act, and regulations, rules and orders promulgated thereunder), all Federal, State and local states,
regulations, rules and orders pertaining to sales of consumer goods (including, without limitation, the Consumer Products Safety Act of 1972, as amended, and the Federal Trade Commission Act of 1914, as amended, and all regulations, rules and orders
promulgated thereunder) where the failure to so comply has or could reasonably be expected to have a Material Adverse Effect. 

8.8 Environmental Compliance. 

(a) Except as set forth on Schedule 8.8 to the Information Certificate, Borrowers, Guarantors and any Subsidiary of any
Borrower or Guarantor have not generated, used, stored, treated, transported, manufactured, handled, produced or disposed of any Hazardous Materials, on or off its premises (whether or not owned by it) in any manner which at any time violates any
applicable Environmental Law or Permit that is required under any applicable Environmental Laws where such violation has or could reasonably be expected to have a Material Adverse Effect, and the operations of Borrowers, Guarantors and any
Subsidiary of any Borrower or Guarantor complies with all Environmental Laws and all Permits that are required under any applicable Environmental Law where the failure to so comply has or could reasonably be expected to have a Material Adverse
Effect. 
 (b) Except as set forth on Schedule 8.8 to the Information Certificate, there has been no
investigation by any Governmental Authority or any proceeding, complaint, order, directive, claim, citation or notice by any Governmental Authority or any other person nor is any pending or to any Borrower’s or Guarantor’ s knowledge
threatened, with respect to any non-compliance 
  

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with or violation of the requirements of any Environmental Law by any Borrower or Guarantor and any Subsidiary of any Borrower or Guarantor or the release, spill or discharge, threatened or
actual, of any Hazardous Material or the generation, use, storage, treatment, transportation, manufacture, handling, production or disposal of any Hazardous Materials or any other environmental, health or safety matter, which has or could reasonably
be expected to have a Material Adverse Effect. 
 (c) Except as set forth on Schedule 8.8 to the Information
Certificate, Borrowers, Guarantors and their Subsidiaries have no liability (contingent or otherwise) in connection with a release, spill or discharge, threatened or actual, of any Hazardous Materials or the generation, use, storage, treatment,
transportation, manufacture, handling, production or disposal of any Hazardous Materials, which has had or could reasonably be expected to have a Material Adverse Effect. 

(d) Borrowers, Guarantors and their Subsidiaries have all Permits required to be obtained or filed in connection with the
operations of Borrowers and Guarantors under any Environmental Law and all of such licenses, certificates, approvals or similar authorizations and other Permits are valid and in full force and effect, where failure to have obtained or filed such
could reasonably be expected to have a Material Adverse Effect. 
 8.9 Credit Card Agreements. Set forth in Schedule 8.9
hereto is a correct and complete list of all of the Credit Card Agreements and all other agreements, documents and instruments existing as of the date hereof between or among any Borrower, any of its Affiliates, the Credit Card Issuers, the Credit
Card Processors and any of their Affiliates. The Credit Card Agreements constitute all of such agreements necessary for each Borrower to operate its business as presently conducted with respect to credit cards and debit cards and no Receivables of
any Borrower arise from purchases by customers of Inventory with credit cards or debit cards, other than those which are issued by Credit Card Issuers with whom such Borrower has entered into one of the Credit Card Agreements set forth on Schedule
8.9 hereto or with whom Borrower has entered into a Credit Card Agreement in accordance with Section 9.16 hereof. Each of the Credit Card Agreements constitutes the legal, valid and binding obligations of the Borrower that is party thereto and
to the best of each Borrower’s and Guarantor’s knowledge, the other parties thereto, enforceable in accordance with their respective terms and is in full force and effect. No material default or material event of default, or act, condition
or event which after notice or passage of time or both, would constitute a material default or a material event of default under any of the Credit Card Agreements (other than any Credit Card Agreement with a Credit Card Issuer or Credit Card
Processor where the sales using the applicable card are less than ten (10%) percent of all such sales in the immediately preceding fiscal year) exists or has occurred that would entitle the other party thereto to suspend, withhold or reduce
amounts that would otherwise be payable to a Borrower. Each Borrower and the other parties thereto have complied in all material respects with all of the terms and conditions of the Credit Card Agreements (other than any Credit Card Agreement with a
Credit Card Issuer or Credit Card Processor where the sales using the applicable card are less than ten (10%) percent of all such sales in the immediately preceding fiscal year) to the extent necessary for such Borrower to be entitled to
receive all payments thereunder. Borrowers have delivered, or caused to be delivered to Agent, true, correct and complete copies of all of the Credit Card Agreements. 

 

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 8.10 Interrelated Businesses. Borrowers and Guarantors make up a related organization
of various entities constituting a single economic and business enterprise so that Borrowers and Guarantors share an identity of interests such that any benefit received by any one of them benefits the others. Borrowers and Guarantors render
services to or for the benefit of the other Borrowers and/or Guarantors, as the case may be, purchase or sell and supply goods to or from or for the benefit of the others, make loans, advances and provide other financial accommodations to or for the
benefit of the other Borrowers and Guarantors (including inter alia, the payment by Borrowers and Guarantors of creditors of the other Borrowers or Guarantors and guarantees by Borrowers and Guarantors of indebtedness of the other
Borrowers and Guarantors and provide administrative, marketing, payroll and management services to or for the benefit of the other Borrowers and Guarantors). Substantially all of the Inventory is paid for pursuant to Letter of Credit Accommodations
funded by Operating on behalf of the other Borrowers or are otherwise paid for by Operating, and Borrowers use substantially all of the proceeds from the disposition of the Inventory so purchased to repay the amounts owing to Operating as a result
of such arrangements. Borrowers and Guarantors (other than JCI) have the same chief executive office, centralized accounting and legal services, certain common officers and directors and generally do not provide consolidating financial statements to
creditors. Nothing contained herein should be construed to mean that each Borrower and Guarantor is not a separate corporate entity and entitled to the rights and privileges thereof, and except to the extent contractually agreed or required under
applicable law, no Borrower or Guarantor is obligated for the liabilities of any other Borrower or Guarantor. 
 8.11
Employee Benefits. 
 (a) Each Plan is in compliance in all material respects with the applicable
provisions of ERISA, the Code and other Federal or State law. Each Plan which is intended to qualify under Section 401(a) of the Code has received a favorable determination letter from the Internal Revenue Service and to the best of any
Borrower’s or Guarantor’s knowledge, nothing has occurred which would cause the loss of such qualification. Each Borrower and its ERISA Affiliates have made all required contributions to any Plan subject to Section 412 of the Code,
and no application for a funding waiver or an extension of any amortization period pursuant to Section 412 of the Code has been made with respect to any Plan. 

(b) There are no pending, or to the best of any Borrower’s or Guarantor’s knowledge, threatened claims, actions
or lawsuits, or action by any Governmental Authority, with respect to any Plan, which has resulted or could reasonably be expected to result in a Material Adverse Effect. There has been no prohibited transaction or violation of the fiduciary
responsibility rules with respect to any Plan, which has resulted or could reasonably be expected to result in a Material Adverse Effect. 

(c) (i) No ERISA Event has occurred or is reasonably expected to occur; (ii) the current value of each Plan’s
assets are not less than such Plan’s liabilities under Section 4001(a)(16) of ERISA; (iii) each Borrower and Guarantor, and their ERISA Affiliates, have not incurred and do not reasonably expect to incur, any liability under Title IV
of ERISA with respect to any Plan (other than premiums due and not delinquent under Section 4007 of ERISA); (iv) each Borrower and Guarantor, and their ERISA Affiliates, have not incurred and do not reasonably expect to incur, any
liability (and no event has occurred which, with the giving of 
  

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notice under Section 4219 of ERISA, would result in such liability) under Section 4201 or 4243 of ERISA with respect to a Multiemployer Plan; and (v) each Borrower and Guarantor,
and their ERISA Affiliates, have not engaged in a transaction that would be subject to Section 4069 or 4212(c) of ERISA. 

8.12 Bank Accounts. All of the deposit accounts, investment accounts or other accounts in the name of or used by any Borrower or
Guarantor maintained at any bank or other financial institution are set forth on Schedule 8.10 to the Information Certificate, subject to the right of each Borrower and Guarantor to establish new accounts in accordance with Section 5.2 hereof.

 8.13 Intellectual Property. Each Borrower and Guarantor owns or licenses or otherwise has the right to use all
Intellectual Property necessary for the operation of its business as presently conducted or proposed to be conducted. As of the date hereof, Borrowers and Guarantors do not have any Intellectual Property registered, or subject to pending
applications, in the United States Patent and Trademark Office or any similar office or agency in the United States, any State thereof, any political subdivision thereof or in any other country, other than those described in Schedule 8.11 or
Schedule 8.6 to the Information Certificate and has not granted any licenses with respect thereto other than as set forth in Schedule 8.11 to the Information Certificate. To the best of any Borrower’s and Guarantor’s knowledge, no slogan
or other advertising device, product, process, method, substance or other Intellectual Property or goods bearing or using any Intellectual Property presently contemplated to be sold by or employed by any Borrower or Guarantor infringes any patent,
trademark, servicemark, tradename, copyright, license or other Intellectual Property owned by any other Person presently and no claim or litigation is pending or threatened against or affecting any Borrower or Guarantor contesting its right to sell
or use any such Intellectual Property except as set forth on Schedule 8.11 to the Information Certificate. Schedule 8.11 to the Information Certificate sets forth all of the agreements or other arrangements of each Borrower and Guarantor pursuant to
which such Borrower or Guarantor has a license or other right to use any trademarks, logos, designs, representations or other Intellectual Property owned by another person as in effect on the date hereof and the dates of the expiration of such
agreements or other arrangements of such Borrower or Guarantor as in effect on the date hereof (collectively, together with such agreements or other arrangements as may be entered into by any Borrower or Guarantor after the date hereof,
collectively, the “License Agreements” and individually, a “License Agreement”). No trademark, servicemark, copyright or other Intellectual Property at any time used by any Borrower or Guarantor which is owned by another person,
or owned by such Borrower or Guarantor subject to any security interest, lien, collateral assignment, pledge or other encumbrance in favor of any person other than Agent, is affixed to any Eligible Inventory, except (a) to the extent permitted
under the term of the license agreements listed on Schedule 8.11 to the Information Certificate and (b) to the extent the sale of Inventory to which such Intellectual Property is affixed is permitted to be sold by such Borrower or Guarantor
under applicable law (including the United States Copyright Act of 1976) and (c) to the extent permitted under Section 9.8(o) hereof. 
  

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 8.14 Subsidiaries; Affiliates; Capitalization; Solvency; Inactive Entities.

 (a) Each Borrower and Guarantor does not have any direct or indirect Subsidiaries or Affiliates and is not
engaged in any joint venture or partnership except as set forth in Schedule 8.12 to the Information Certificate. 

(b) Each Borrower and Guarantor is the record and beneficial owner of all of the issued and outstanding shares of Capital
Stock of each of the Subsidiaries listed on Schedule 8.12 to the Information Certificate as being owned by such Borrower or Guarantor and there are no proxies, irrevocable or otherwise, with respect to such shares and no equity securities of any of
the Subsidiaries are or may become required to be issued by reason of any options, warrants, rights to subscribe to, calls or commitments of any kind or nature and there are no contracts, commitments, understandings or arrangements by which any
Subsidiary is or may become bound to issue additional shares of it Capital Stock or securities convertible into or exchangeable for such shares. 

(c) The issued and outstanding shares of Capital Stock of each Borrower and Guarantor are directly and beneficially owned
and held by the persons indicated in the Information Certificate, and in each case all of such shares or membership interests have been duly authorized and are fully paid and non-assessable, free and clear of all claims, liens, pledges and
encumbrances of any kind, except as disclosed in writing to Agent prior to the date hereof. 
 (d) There is no
debt outstanding that is convertible into membership interests in Intermediate, and there are no outstanding rights, options or warrants to acquire any membership interests in or debt convertible into membership interests in Intermediate.

 (e) Each Borrower and International is Solvent and will continue to be Solvent after the creation of the
Obligations, the security interests of Agent and the other transaction contemplated hereunder. 
 (f) Each of
C&W Outlet Inc., a New York corporation, J. Crew Services, Inc., a Delaware corporation, and ERL, Inc., a New Jersey corporation, is an Inactive Subsidiary and does not and will not engage in any business or commercial activities and each does
not and will not own or hold any assets or properties. The only activity of J. Crew Virginia, Inc., a Virginia corporation, is in connection with the issuance of gift cards and store credits for and on behalf of Borrowers. J. Crew Virginia, Inc.
does not and will not engage in any other business or activity and does not and will not hold any assets or properties. 
 8.15
Labor Disputes. 
 (a) Set forth on Schedule 8.13 to the Information Certificate is a list (including
dates of termination) of all collective bargaining or similar agreements between or applicable to each Borrower and Guarantor and any union, labor organization or other bargaining agent in respect of the employees of any Borrower or Guarantor on the
date hereof. 
 (b) There is (i) no significant unfair labor practice complaint pending against any Borrower
or Guarantor or, to the best of any Borrower’s or Guarantor’s knowledge, threatened against it, before the National Labor Relations Board, and no significant grievance or significant arbitration proceeding arising out of or under any
collective bargaining agreement is pending on the date hereof against any Borrower or Guarantor or, to best of any Borrower’s or 

 

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Guarantor’s knowledge, threatened against it, and (ii) no significant strike, labor dispute, slowdown or stoppage is pending against any Borrower or Guarantor or, to the best of any
Borrower’s or Guarantor’s knowledge, threatened against any Borrower or Guarantor. 
 8.16 Restrictions on
Subsidiaries. Except for restrictions contained in this Agreement or any other agreement with respect to Indebtedness of any Borrower or Guarantor permitted hereunder as in effect on the date hereof, there are no contractual or consensual
restrictions on any Borrower or Guarantor or any of its Subsidiaries which prohibit or otherwise restrict (a) the transfer of cash or other assets (i) between any Borrower or Guarantor and any of its or their Subsidiaries or
(ii) between any Subsidiaries of any Borrower or Guarantor or (b) the ability of any Borrower or Guarantor or any of its or their Subsidiaries to incur Indebtedness or grant security interests to Agent or any Lender in the Collateral.

 8.17 Material Contracts. Schedule 8.15 to the Information Certificate sets forth all Material Contracts to which any
Borrower or Guarantor is a party or is bound as of the date hereof. Agent has received true, correct and complete copies of such Material Contracts on or before the date hereof. To Borrowers’ and Guarantors’ knowledge, Borrowers and
Guarantors are not in breach (for a period equal to the lesser of ten (10) days or the applicable cure period, if any, with respect thereto) or in default in any material respect of or under any Material Contract and have not received any
notice of the intention of any other party thereto to terminate any Material Contract. 
 8.18 Black Canyon Documents.
Neither the execution and delivery of any of the Black Canyon Documents nor the consummation of the transactions therein contemplated, nor compliance with the provisions thereof (a) has violated or will violate any of the Securities Laws or any
other law or regulation or any order or decree of any court or governmental instrumentality in any respect, or (b) does or shall conflict with or result in the breach of, or constitute a default in any respect under, any indenture, mortgage,
deed of trust, security agreement, agreement or instrument to which any Borrower or Guarantor is a party or by which it or any of its assets may be bound, or (c) violate any provision of the Certificate of Incorporation, By-Laws, Articles of
Formation or Operating Agreement of any Borrower or Guarantor. 
 8.19 Accuracy and Completeness of Information. All
written information furnished by or on behalf of any Borrower or Guarantor to Agent or any Lender in connection with this Agreement or any of the other Financing Agreements or any transaction contemplated hereby or thereby, including all information
on the Information Certificate is true and correct in all material respects on the date as of which such information is dated or certified and does not omit any material fact necessary in order to make such information not misleading. No event or
circumstance has occurred prior to the date hereof which has had or could reasonably be expected to have a Material Adverse Affect, which has not been disclosed to Agent in writing prior to the date hereof. 

8.20 Survival of Warranties; Cumulative. All representations and warranties contained in this Agreement or any of the other
Financing Agreements shall survive the execution and delivery of this Agreement and shall be deemed to have been made again to Agent and Lenders on the date of each additional borrowing or other credit accommodation hereunder and shall be

  

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conclusively presumed to have been relied on by Agent and Lenders regardless of any investigation made or information possessed by Agent or any Lender. The representations and warranties set
forth herein shall be cumulative and in addition to any other representations or warranties which any Borrower or Guarantor shall now or hereafter give, or cause to be given, to Agent or any Lender. 

SECTION 9. AFFIRMATIVE AND NEGATIVE COVENANTS 

9.1 Maintenance of Existence. 

(a) Each Borrower and Guarantor shall at all times preserve, renew and keep in full force and effect its corporate or
limited liability company existence and rights and franchises with respect thereto and maintain in full force and effect all licenses, trademarks, tradenames, approvals, authorizations, leases, contracts and Permits necessary to carry on the
business as presently or proposed to be conducted, except as to any Guarantor other than Parent as permitted in Section 9.7 hereof or to the extent that the failure to maintain the same has or could reasonably be expected to have a Material
Adverse Effect. 
 (b) No Borrower or Guarantor shall change its name unless each of the following conditions is
satisfied: (i) Agent shall have received not less than thirty (30) days prior written notice from Borrower Agent of such proposed change in its corporate or limited liability company name, which notice shall accurately set forth the new
name; and (ii) Agent shall have received a copy of the amendment to the Certificate of Incorporation or Articles of Incorporation (or Certificate of Formation or other organizational document as applicable) of such Borrower or Guarantor
providing for the name change certified by the Secretary of State of the jurisdiction of incorporation or organization of such Borrower or Guarantor as soon as it is available. 

(c) No Borrower or Guarantor shall change its chief executive office or its mailing address or organizational
identification number (or if it does not have one, shall not acquire one) unless Agent shall have received not less than thirty (30) days’ prior written notice from Borrower Agent of such proposed change, which notice shall set forth such
information with respect thereto as Agent may require and Agent shall have received such agreements as Agent may reasonably require in connection therewith. No Borrower or Guarantor shall change its type of organization, jurisdiction of organization
or other legal structure. 
 9.2 New Collateral Locations. Each Borrower and Guarantor may only open any new location
within the continental United States provided such Borrower or Guarantor (a) gives Agent ten (10) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and
delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such location; provided, that, without limiting the obligations of Borrowers and
Guarantors pursuant to Section 7.1 hereof or otherwise hereunder, Borrowers and Guarantors shall not be required to comply with the foregoing conditions with respect to the opening by them of any new retail or factory store locations.

  

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 9.3 Compliance with Laws, Regulations, Etc. 

(a) Each Borrower and Guarantor shall, and shall cause any Subsidiary to, at all times, comply in all material respects
with all laws, rules, regulations, licenses, approvals, orders and other Permits applicable to it and duly observe all requirements of any foreign, Federal, State or local Governmental Authority, including ERISA, the Code, the Occupational Safety
and Health Act of 1970, as amended, the Fair Labor Standards Act of 1938, as amended, all Federal, State and local statutes, regulations, rules and orders relating to consumer credit (including, without limitation, as each has been amended, the
Truth-in-Lending Act, the Fair Credit Billing Act, the Equal Credit Opportunity Act and the Fair Credit Reporting Act, and regulations, rules and orders promulgated thereunder), all Federal, State and local statutes, regulations, rules and orders
pertaining to sales of consumer goods (including, without limitation, the Consumer Products Safety Act of 1972, as amended, and the Federal Trade Commission Act of 1914, as amended, and all regulations, rules and orders promulgated thereunder) and
all applicable Environmental Laws, in each case where the failure to so comply or observe has or could reasonably be expected to have a Material Adverse Effect. 

(b) Borrowers and Guarantors shall give written notice to Agent promptly upon any Borrower’s or Guarantor’s
receipt of any notice of, or any Borrower’s or Guarantor’s otherwise obtaining knowledge of, with respect to the Real Property subject to the Mortgages, (i) the occurrence of any event involving the release, spill or discharge,
threatened or actual, of any Hazardous Material or (ii) any investigation, proceeding, complaint, order, directive, claims, citation or notice with respect to: (A) any non-compliance with or violation of any Environmental Law by any
Borrower or Guarantor or (B) the release, spill or discharge, threatened or actual, of any Hazardous Material other than in the ordinary course of business and other than as permitted under any applicable Environmental Law which is reasonably
likely to result in a material liability. Copies of all environmental surveys, audits, assessments, feasibility studies and results of remedial investigations of such matters shall be promptly furnished, or caused to be furnished, by such Borrower
or Guarantor to Agent. Each Borrower and Guarantor shall take action in a commercially reasonable manner to respond to any material non-compliance with any of the Environmental Laws as required by law and shall regularly report to Agent on such
response. 
 (c) Without limiting the generality of the foregoing, whenever Agent reasonably determines that,
with respect to the Real Property subject to the Mortgages, there is non-compliance, or any condition which requires any action by or on behalf of any Borrower or Guarantor in order to avoid any non-compliance, with any Environmental Law which is
reasonably likely to result in a material liability, Borrowers shall, at Agent’s request and Borrowers’ expense: (i) cause an independent environmental engineer reasonably acceptable to Agent to conduct such tests of any such Real
Property subject to the Mortgages where non- compliance or alleged non-compliance with such Environmental Laws has occurred as to such non-compliance and prepare and deliver to Agent a report as to such non-compliance setting forth the results of
such tests, a proposed plan for responding to any requirements of Environmental Laws with respect to the findings of such tests and an estimate of the costs thereof and (ii) provide to Agent a supplemental report of such engineer whenever the
scope of such non-compliance, or such Borrower’s or Guarantor’s response thereto or the estimated costs thereof, shall change in any material respect. 
  

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 (d) Each Borrower and Guarantor shall indemnify and hold harmless Agent and
Lenders and their respective directors, officers, employees, agents, invitees, representatives, successors and assigns, from and against any and all losses, claims, damages, liabilities, costs, and expenses (including reasonable attorneys’ fees
and expenses) directly or indirectly arising out of or attributable to the use, generation, manufacture, reproduction, storage, release, threatened release, spill, discharge, disposal or presence of a Hazardous Material at the Real Property subject
to the Mortgages, including the costs of any required or necessary repair, cleanup or other remedial work with respect to any Real Property of any Borrower or Guarantor subject to the Mortgages and the preparation and implementation of any closure,
remedial or other plans required by Environmental Laws. All representations, warranties, covenants and indemnifications in this Section 9.3 shall survive the payment of the Obligations and the termination of this Agreement. 

9.4 Payment of Taxes and Claims. Each Borrower and Guarantor shall, and shall cause any Subsidiary to, duly pay and discharge all
Taxes, assessments, contributions and governmental charges upon or against it or its properties or assets, except for Taxes the validity of which are being contested in good faith by appropriate proceedings diligently pursued and available to such
Borrower, Guarantor or Subsidiary, as the case may be, and with respect to which adequate reserves have been set aside on its books. Each Borrower and Guarantor shall be liable for any Tax or penalties other than Excluded Taxes imposed on Agent or
any Lender as a result of the financing arrangements provided for herein and each Borrower and Guarantor agrees to indemnify and hold Agent harmless with respect to the foregoing, and to repay to Agent, for the benefit of Lenders, on demand the
amount thereof, and until paid by such Borrower or Guarantor such amount shall be added and deemed part of the Revolving Loans, provided, that, nothing contained herein shall be construed to require any Borrower or Guarantor to pay any
income or franchise taxes attributable to the income of Agent or Lenders from any amounts charged or paid hereunder to Agent or Lenders. The foregoing indemnity shall survive the payment of the Obligations and the termination of this Agreement. If
Agent or any Lender receives a tax refund or credit (“Tax Benefit”), or otherwise would have received a Tax Benefit in respect of Agent’s or such Lender’s Taxes which, in the good faith determination of Agent or such Lender, as
the case may be, is allocable to a Borrower or Guarantor, Agent shall promptly remit such Tax Refund to such Borrower or Guarantor; provided, that, no Event of Default exists or has occurred and is continuing. 

9.5 Insurance. Each Borrower and Guarantor shall, and shall cause any Subsidiary to, at all times, maintain with financially sound
and reputable insurers insurance with respect to the Collateral against loss or damage and all other insurance of the kinds and in the amounts customarily insured against or carried by corporations of established reputation engaged in the same or
similar businesses and similarly situated. Said policies of insurance shall be reasonably satisfactory to Agent as to form, amount and insurer. Borrowers and Guarantors shall furnish certificates, policies or endorsements to Agent as Agent shall
reasonably require as proof of such insurance, and, if any Borrower or Guarantor fails to do so, Agent is authorized, but not required, to obtain such insurance at the expense of Borrowers. All policies shall provide for at least thirty
(30) days prior written notice to Agent of any cancellation or reduction of coverage and that Agent may act as attorney for each Borrower and Guarantor in obtaining, and at any time an Event of Default exists or has occurred and is continuing,
adjusting, settling, amending and canceling such insurance. Borrowers and Guarantors shall cause Agent to be named as a loss 
  

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payee and an additional insured (but without any liability for any premiums) under such insurance policies and Borrowers and Guarantors shall obtain non-contributory lender’s loss payable
endorsements to all insurance policies in form and substance satisfactory to Agent. Such lender’s loss payable endorsements shall specify that the proceeds of such insurance shall be payable to Agent as its interests may appear and further
specify that Agent and Lenders shall be paid regardless of any act or omission by any Borrower, Guarantor or any of its or their Affiliates. Without limiting any other rights of Agent or Lenders, any insurance proceeds received by Agent at any time
may be applied to payment of the Obligations, whether or not then due, in any order and in such manner as Agent may determine. Upon application of such proceeds to the Revolving Loans, Revolving Loans may be available subject and pursuant to the
terms hereof to be used for the costs of repair or replacement of the Collateral lost or damages resulting in the payment of such insurance proceeds. 

9.6 Financial Statements and Other Information. 

(a) Each Borrower and Guarantor shall, and shall cause any Subsidiary to, keep proper books and records in which true and
complete entries shall be made of all dealings or transactions of or in relation to the Collateral and the business of such Borrower, Guarantor and its Subsidiaries in accordance with GAAP. Borrowers and Guarantors shall furnish or cause to be
furnished to Agent, the following: (i) within thirty (30) days after the end of each fiscal month, monthly unaudited consolidated financial statements (including balance sheets, statements of income and loss, statements of cash flow and
statements of shareholders’ equity), and unaudited consolidating financial statements (consisting of balance sheets and statements of income and loss), all in reasonable detail, fairly presenting in accordance with GAAP the financial position
and the results of the operations of Parent and its Subsidiaries as of the end of and through such fiscal month, certified by the chief financial officer or controller of Parent, subject to normal year-end adjustments and no footnotes and
accompanied by a compliance certificate substantially in the form of Exhibit C hereto, along with a schedule in a form satisfactory to Agent of the calculations used in determining, as of the end of such month, whether Borrowers and Guarantors are
in compliance with the covenants set forth in Sections 9.18 and 9.19 of this Agreement for such month and (ii) within ninety (90) days after the end of each fiscal year, audited consolidated financial statements (including in each case,
balance sheets and statements of income and loss, statements of cash flow and statements of shareholders’ equity) of Parent and its Subsidiaries, and the accompanying notes thereto (including in each case, balance sheets and statements of
income and loss, statements of cash flow, and statements of shareholders’ equity), all in reasonable detail, fairly presenting the financial position and the results of the operations of Parent and its Subsidiaries as of the end of and for such
fiscal year, together with the unqualified opinion of independent certified public accountants with respect to the audited consolidated financial statements, which accountants shall be an independent accounting firm selected by Borrowers and
acceptable to Agent, that such audited consolidated financial statements have been prepared in accordance with GAAP, and present fairly the results of operations and financial condition of Parent and its Subsidiaries as of the end of and for the
fiscal year then ended. 
 (b) At such time as available, but in no event later than five (5) days prior to
the end of each fiscal year (commencing with the fiscal year of Parent ending in January of 2003), projected consolidated financial statements (including in each case, balance sheets and 

 

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statements of income and loss, statements of cash flow, and statements of shareholders’ equity) of Parent and its Subsidiaries for the next fiscal year (including forecasted income
statements, cash flow statements and balance sheets and statements of income and loss), all in reasonable detail, and in a format consistent with the projections delivered by Parent to Agent prior to the date hereof, together with such supporting
information as Agent may reasonably request. Such projected financial statements shall be prepared on a monthly basis for the next succeeding year. Such projections shall represent Borrowers’ reasonable best estimate of the future financial
performance of Borrowers for the periods set forth therein and shall have been prepared on the basis of the assumptions set forth therein which Borrowers believe are fair and reasonable as of the date of preparation in light of current and
reasonably foreseeable business conditions (it being understood that actual results may differ from those set forth in such projected financial statements). Each year Borrowers shall provide to Agent a semi-annual update with respect to such
projections. 
 (c) At such time as available, but in no event later than thirty (30) days after the end of
each fiscal quarter, Borrower Agent shall furnish to Agent a profit and loss summary analysis on a store-by-store basis for all store locations with respect to the immediately preceding twelve (12) months. 

(d) Borrowers and Guarantors shall promptly notify Agent in writing of the details of (i) any loss, damage,
investigation, action, suit, proceeding or claim relating to Collateral having a value of more than $1,000,000 or which if adversely determined would have a Material Adverse Effect, (ii) any Material Contract being terminated or amended or any
new Material Contract entered into (in which event Borrowers and Guarantors shall provide Agent with a copy of such Material Contract), (iii) any order, judgment or decree in excess of $1,000,000 shall have been entered against any Borrower or
Guarantor any of its or their properties or assets, (iv) any written notification of a material violation of laws or regulations received by any Borrower or Guarantor, (v) any ERISA Event, and (vi) the occurrence of any Default or
Event of Default. 
 (e) Borrowers and Guarantors shall promptly after the sending or filing thereof furnish or
cause to be furnished to Agent copies of all reports which any Borrower or Guarantor sends to its stockholders generally and copies of all reports and registration statements which any Borrower or Guarantor files with the Securities and Exchange
Commission, any national securities exchange or the National Association of Securities Dealers, Inc. 
 (f)
Borrowers and Guarantors shall furnish or cause to be furnished to Agent such budgets, forecasts, projections and other information respecting the Collateral and the business of Borrowers and Guarantors, as Agent may, from time to time, reasonably
request. Agent is hereby authorized to deliver a copy of any financial statement or any other information relating to the business of Borrowers and Guarantors to any court or other Governmental Authority or to any Lender or Participant or
prospective Lender or Participant or any Affiliate of any Lender or Participant. Each Borrower and Guarantor hereby irrevocably authorizes and directs all accountants or auditors to deliver to Agent, at Borrowers’ expense, copies of the
financial statements of any Borrower and Guarantor and any reports or management letters prepared by such accountants or auditors on behalf of any Borrower or Guarantor and to disclose to Agent and Lenders such information as they may have regarding
the business of any Borrower 
  

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and Guarantor. Any documents, schedules, invoices or other papers delivered to Agent or any Lender may be destroyed or otherwise disposed of by Agent or such Lender one (1) year after the
same are delivered to Agent or such Lender, except as otherwise designated by Borrower Agent to Agent or such Lender in writing. 

9.7 Sale of Assets, Consolidation, Merger, Dissolution, Etc. Each Borrower and Guarantor shall not, and shall not permit any
Subsidiary to, directly or indirectly, 
 (a) merge into or with or consolidate with any other Person or permit
any other Person to merge into or with or consolidate with it except that any wholly-owned Subsidiary of Parent (other than any Borrower) may merge with and into or consolidate with any other wholly-owned Subsidiary of Parent (other
than any Borrower), and any Borrower may merge with and into or consolidate with any other Borrower, provided, that, each of the following conditions is satisfied as determined by Agent in good faith: (i) Agent shall have received
not less than ten (10) Business Days’ prior written notice of the intention of such Subsidiaries to so merge or consolidate, which notice shall set forth in reasonable detail satisfactory to Agent, the persons that are merging or
consolidating, which person will be the surviving entity, the locations of the assets of the persons that are merging or consolidating, and the material agreements and documents relating to such merger or consolidation, (ii) Agent shall have
received such other information with respect to such merger or consolidation as Agent may reasonably request, (iii) as of the effective date of the merger or consolidation and after giving effect thereto, no Default or Event of Default shall
exist or have occurred, (iv) Agent shall have received, true, correct and complete copies of all agreements, documents and instruments relating to such merger or consolidation, including, but not limited to, the certificate or certificates of
merger to be filed with each appropriate Secretary of State (with a copy as filed promptly after such filing), (v) the surviving corporation shall expressly confirm, ratify and assume the Obligations and the Financing Agreements to which it is
a party in writing, in form and substance reasonably satisfactory to Agent, and Borrowers and Guarantors shall execute and deliver such other agreements, documents and instruments as Agent may request in connection therewith; 

(b) sell, issue, assign, lease, license, transfer, abandon or otherwise dispose of any Capital Stock or Indebtedness to
any other Person or any of its assets to any other Person, except for 
 (i) sales of Inventory in
the ordinary course of business, 
 (ii) the sale or other disposition of Equipment (including worn-out or
obsolete Equipment or Equipment no longer used or useful in the business of any Borrower or Guarantor) so long as such sales or other dispositions do not involve Equipment having an aggregate fair market value in excess of $7,500,000 for all such
Equipment disposed of in any fiscal year of Borrowers or as Agent may otherwise agree, 
 (iii) the issuance and
sale by any Borrower or Guarantor of Capital Stock of such Borrower or Guarantor after the date hereof; provided, that, (A) Agent shall have received not less than ten (10) Business Days’ prior written notice of such
issuance and sale by such Borrower or Guarantor, which notice shall specify the parties to whom such shares are to be sold, the terms of such sale, the total amount which it is anticipated will be realized from the

  

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issuance and sale of such stock and the net cash proceeds which it is anticipated will be received by such Borrower or Guarantor from such sale, (B) such Borrower or Guarantor shall not be
required to pay any cash dividends or repurchase or redeem such Capital Stock or make any other payments in respect thereof, except as otherwise permitted in Section 9.11 hereof and except after the end of the then current term of this
Agreement and the payment in full in cash or other immediately available funds of all of the Obligations, (C) the terms of such Capital Stock, and the terms and conditions of the purchase and sale thereof, shall not include any terms that
include any limitation on the right of any Borrower to request or receive Revolving Loans or Letter of Credit Accommodations or the right of any Borrower and Guarantor to amend or modify any of the terms and conditions of this Agreement or any of
the other Financing Agreements or otherwise in any way relate to or affect the arrangements of Borrowers and Guarantors with Agent and Lenders or are more restrictive or burdensome to any Borrower or Guarantor than the terms of any Capital Stock in
effect on the date hereof, (D) except with respect to any sale and issuance of Capital Stock of Parent or Operating and as to the other Borrowers and Guarantors and their respective Subsidiaries, except as Agent may otherwise agree in writing,
all of the proceeds of the sale and issuance of such Capital Stock shall be paid to Agent for application to the Obligations in accordance with Section 6.4(a) hereof and (E) after giving effect thereto, no Default or Event of Default shall
exist or have occurred, 
 (iv) the issuance of Capital Stock of any Borrower or Guarantor consisting of common
stock pursuant to an employee stock option or grant or similar equity plan or 401(k) plans of such Borrower or Guarantor for the benefit of its employees, directors and consultants, provided, that, in no event shall such Borrower or
Guarantor be required to issue, or shall such Borrower or Guarantor issue, Capital Stock pursuant to such stock plans or 401(k) plans which would result in a Change of Control or other Event of Default, 

(v) sales or other dispositions by any Borrower of assets in connection with the closing or sale of a retail store
location of such Borrower in the ordinary course of such Borrower’s business which consist of leasehold interests in the premises of such store, the Equipment and fixtures located at such premises and the books and records relating exclusively
and directly to the operations of such store; provided, that, as to each and all such sales and closings, (A) on the date of, and after giving effect to, any such closing or sale, the aggregate number of retail store locations
operated by Retail and Factory closed or sold by Borrowers in any fiscal year minus the number of retail stores operated by Retail and Factory opened by Borrowers in such fiscal year, shall not exceed the amount equal to twenty (20%) percent of
the number of retail store locations of Borrowers operated by Retail and Factory, as of the end of the immediately preceding fiscal year, (B) Agent shall have received not less than ten (10) Business Days prior written notice of such sale
or closing, which notice shall set forth in reasonable detail satisfactory to Agent, the parties to such sale or other disposition, the assets to be sold or otherwise disposed of, the purchase price and the manner of payment thereof and such other
information with respect thereto as Agent may request, (C) after giving effect thereto, no Event of Default shall exist or have occurred and be continuing, (D) such sale shall be on commercially reasonable prices and terms in a bona
fide arm’s length transaction, and (E) any and all proceeds payable or delivered to such Borrower in respect of such sale or other disposition shall be paid or delivered, or caused to be paid or delivered, to Agent in accordance
with the terms of this Agreement (except to the extent such proceeds reflect payment in respect of Indebtedness secured by a properly perfected first priority security interest in the assets sold, in which case, such proceeds shall be applied to
such indebtedness secured thereby), 
  

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 (vi) the grant by any Borrower or Guarantor after the date hereof of a
non-exclusive license or an exclusive license to any person for the use of any Intellectual Property consisting of trademarks owned by such Borrower or Guarantor; provided, that, as to any such license, each of the following conditions
is satisfied, (A) such license is only for the use of trademarks in the manufacture, distribution or sale of products outside the United States of America and Canada or, if such license is for the use of such trademarks in the manufacture,
distribution or sale of products within the United States of America or Canada, it is only for categories or types of Inventory other than men’s or women’s wearing apparel of the type or category being sold by any Borrower or Guarantor as
of the date of this Agreement or that Borrower and Guarantors do not manufacture, distribute or sell, (B) such licenses shall be on commercially reasonable prices and terms in a bona fide arms’ length transactions,
(C) in the case of a non-exclusive license, the rights of the licensee shall be subject to the rights of Agent, and in the case of any license, shall not adversely affect, limit or restrict the rights of Agent to use any Intellectual Property
of a Borrower or Guarantor to sell or otherwise dispose of any Inventory or other Collateral, (D) Agent shall have received, true, correct and complete copies of the executed license agreement, promptly upon the execution thereof and
(E) as of the date of the grant of any such license, and after giving effect thereto, no Event of Default shall exist or have occurred and be continuing, 

(vii) sales, transfers and dispositions to Operating or a Subsidiary of Operating (other than an Inactive Subsidiary);
provided, that, any such sales, transfers or dispositions involving a Subsidiary that is not a Borrower or Guarantor shall be made in compliance with Section 9.12 hereof, 

(c) wind up, liquidate or dissolve except that any Guarantor (other than Parent) may wind up, liquidate and
dissolve, provided, that, each of the following conditions is satisfied, (i) the winding up, liquidation and dissolution of such Guarantor shall not violate any law or any order or decree of any court or other Governmental
Authority in any material respect and shall not conflict with or result in the breach of, or constitute a default under, any indenture, mortgage, deed of trust, or any other agreement or instrument to which any Borrower or Guarantor is a party or
may be bound, (ii) such winding up, liquidation or dissolution shall be done in accordance with the requirements of all applicable laws and regulations, (iii) effective upon such winding up, liquidation or dissolution, all of the assets
and properties of such Guarantor shall be duly and validly transferred and assigned to its shareholders, free and clear of any liens, restrictions or encumbrances other than the security interest and liens of Agent (and Agent shall have received
such evidence thereof as Agent may require) and Agent shall have received such deeds, assignments or other agreements as Agent may request to evidence and confirm the transfer of such assets to of such Guarantor to such shareholders, (iv) Agent
shall have received all documents and agreements that any Borrower or Guarantor has filed with any Governmental Authority or as are otherwise required to effectuate such winding up, liquidation or dissolution, (v) no Borrower or Guarantor shall
assume any Indebtedness, obligations or liabilities as a result of such winding up, liquidation or dissolution, or otherwise become liable in respect of any obligations or liabilities of the entity that is winding up, liquidating or dissolving,
unless such Indebtedness is otherwise expressly permitted hereunder, (vi) Agent shall have received not less 
  

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than ten (10) Business Days prior written notice of the intention of such Guarantor to wind up, liquidate or dissolve, and (vii) as of the date of such winding up, liquidation or
dissolution and after giving effect thereto, no Event of Default shall exist or have occurred; or 
 (d) agree to
any of the foregoing set forth in subsections (a) through (c) of this Section 9.7. 
 9.8 Encumbrances.
Each Borrower and Guarantor shall not, and shall not permit any Subsidiary to, create, incur, assume or suffer to exist any security interest, mortgage, pledge, lien, charge or other encumbrance of any nature whatsoever on any of its assets or
properties, including the Collateral, or file or permit the filing of, or permit to remain in effect, any financing statement or other similar notice of any security interest or lien with respect to any such assets or properties, except:

 (a) the security interests and liens of Agent for itself and the benefit of Lenders and the security interests
and liens of Agent for the benefit of itself, any Lender, any Affiliate of any Lender or any other financial institution acceptable to Agent (and in each case as to any such Lender, Affiliate or other financial institution only to the extent
approved by Agent) that is party to a Hedge Agreement to the extent provided for herein and subject to the terms hereof; 

(b) liens securing the payment of taxes, assessments or other governmental charges or levies either not yet overdue or the
validity of which are being contested in good faith by appropriate proceedings diligently pursued and available to such Borrower, or Guarantor or Subsidiary, as the case may be and with respect to which adequate reserves have been set aside on its
books; 
 (c) non-consensual statutory liens (other than liens securing the payment of taxes) arising in the
ordinary course of such Borrower’s, Guarantor’s or Subsidiary’s business to the extent: (i) such liens secure Indebtedness which is not overdue or which is being contested in good faith and by appropriate proceedings, diligently
pursued and available to such Borrower, Guarantor or Subsidiary or (ii) such liens secure Indebtedness relating to claims or liabilities that are fully insured and being defended at the sole cost and expense and at the sole risk of the insurer
or being contested in good faith by appropriate proceedings diligently pursued and available to such Borrower, Guarantor or such Subsidiary, but in each case under clause (i) and (ii) hereof, (A) prior to the commencement of
foreclosure or other similar proceedings, (B) with respect to which adequate reserves have been set aside on its books, (C) subject to the right of Agent, at its option, to establish a Reserve in respect thereof (which Reserve shall be
terminated upon the payment and satisfaction in full of such Indebtedness and the receipt by Agent of evidence thereof satisfactory to Agent or may be used by Agent to pay such Indebtedness after notice to Borrower Agent in the event of the
commencement or threatened commencement (to the extent such threat is imminent as determined in good faith by Agent) of any action by the party to whom such Indebtedness is owed to exercise its remedies with respect thereto or to the extent
necessary for Agent to exercise any of its rights or remedies); and (D) as to any such liens (or the Indebtedness secured thereby) that are being contested, the aggregate amount of the Indebtedness secured by all such liens at any time
outstanding shall not exceed $1,000,000; 
  

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 (d) zoning restrictions, easements, licenses, covenants and other
restrictions affecting the use of Real Property which do not interfere in any material respect with the use of such Real Property or ordinary conduct of the business of such Borrower, Guarantor or such Subsidiary as presently conducted thereon or,
in the case of Real Property subject to the Mortgages, materially impair the value of the Real Property which may be subject thereto; 

(e) purchase money security interests in Equipment (including Capital Leases) and purchase money mortgages on Real
Property to secure Indebtedness permitted under Section 9.9(b) hereof; 
 (f) pledges and deposits of cash
by any Borrower or Guarantor after the date hereof in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other types of social security benefits consistent with the current practices of such
Borrower or Guarantor as of the date hereof; 
 (g) pledges and deposits of cash by any Borrower or Guarantor
after the date hereof to secure the performance of tenders, bids, leases, trade contracts (other than for the repayment of Indebtedness), statutory obligations and other similar obligations in each case in the ordinary course of business consistent
with the current practices of such Borrower or Guarantor as of the date hereof; provided, that, in connection with any performance bonds issued by a surety or other person, the issuer of such bond shall have waived in writing any
rights in or to, or other interest in, any of the Collateral in an agreement, in form and substance satisfactory to Agent in good faith; 

(h) liens arising from (i) operating leases and the precautionary UCC financing statement filings in respect thereof
and (ii) equipment or other materials which are not owned by any Borrower or Guarantor located on the premises of such Borrower or Guarantor (but not in connection with, or as part of, the financing thereof) from time to time in the ordinary
course of business and consistent with current practices of such Borrower or Guarantor and the precautionary UCC financing statement filings in respect thereof; 

(i) liens or rights of setoff against credit balances of Borrowers with Credit Card Issuers or Credit Card Processors or
amounts owing by such Credit Card Issuers or Credit Card Processors to Borrower in the ordinary course of business, but not liens on or rights of setoff against any other property or assets of Borrowers, pursuant to the Credit Card Agreements (as in
effect on the date hereof) to secure the obligations of Borrowers to the Credit Card Issuers or Credit Card Processors as a result of fees and chargebacks; 

(j) statutory or common law liens or rights of setoff of depository banks with respect to funds of Borrowers or Guarantors
at such banks to secure fees and charges in connection with returned items or the standard fees and charges of such banks in connection with the deposit accounts maintained by Borrowers and Guarantors at such banks (but not any other Indebtedness or
obligations); 
 (k) deposits of cash with the owner or lessor of premises leased and operated by Borrowers in
the ordinary course of the business of Borrowers to secure the performance by Borrowers of their respective obligations under the terms of the lease for such premises; 
  

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 (l) judgments and other similar liens arising in connection with court
proceedings that do not constitute an Event of Default, provided, that, (i) such liens are being contested in good faith and by appropriate proceedings diligently pursued and available to such Borrower, Guarantor or Subsidiary,
(ii) adequate reserves or other appropriate provision, if any, as are required by GAAP have been made therefor, (iii) a stay of enforcement of any such liens is in effect and (iv) Agent may establish a Reserve with respect thereto
(which Reserve shall be terminated simultaneously with the payment and satisfaction in full of the Indebtedness secured thereby and the receipt by Agent of evidence thereof satisfactory to Agent or may be used by Agent to pay such Indebtedness after
notice to Borrower Agent in the event of the commencement or threatened commencement (to the extent such threat is imminent as determined in good faith by Agent) of any action by the party to whom such Indebtedness is owed to exercise its remedies
with respect thereto or to the extent necessary for Agent to exercise any of its rights or remedies); and 
 (m)
the security interests and liens set forth on Schedule 8.4 to the Information Certificate; 
 (n) the security
interests and liens of the Noteholder Collateral Agent in the Collateral pursuant to the Black Canyon Security Agreement to secure (i) the Indebtedness of Operating and the Black Canyon Guarantors under the Black Canyon Documents to the extent
such Indebtedness is permitted under Section 9.9(r) hereof and (ii) the Indebtedness of Intermediate evidenced by the remaining portion of the 16% Senior Discount Notes on an equal and ratable basis to the extent such Indebtedness is
permitted under Section 9.9(q) hereof, which security interests and liens of the Noteholder Collateral Agent are and shall at all times be junior and subordinate to the security interests and liens of Agent pursuant to the Black Canyon
Intercreditor Agreement; 
 (o) the security interests and liens of the financial institution or institutions
providing the Indebtedness permitted pursuant to Section 9.9(t) hereof on the Intellectual Property and all other Collateral, in each case to secure the Indebtedness of Borrowers and Guarantors permitted under Section 9.9(t) hereof, which
security interests and liens of such financial institution or institutions shall at all times be subject to an intercreditor agreement on terms and conditions reasonably acceptable to Agent, including a subordinate and junior lien of such financial
institution or institutions as to all Collateral (other than Intellectual Property) and the priority of the security interests and liens of such financial institution or institutions as to the Intellectual Property and the right of Agent to use the
Intellectual Property to realize on the Collateral. 
 9.9 Indebtedness. Each Borrower and Guarantor shall not, and shall
not permit any Subsidiary to, incur, create, assume, become or be liable in any manner with respect to, or permit to exist, any Indebtedness, or guarantee, assume, endorse, or otherwise become responsible for (directly or indirectly), the
Indebtedness, performance, obligations or dividends of any other Person, except: 
 (a) the Obligations;

  

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 (b) purchase money Indebtedness (including Capital Leases) arising after the
date hereof to the extent secured by purchase money security interests in Equipment (including Capital Leases) and purchase money mortgages on Real Property not to exceed $20,000,000 in the aggregate at any time outstanding so long as such security
interests and mortgages do not apply to any property of such Borrower, Guarantor or Subsidiary other than the Equipment or Real Property so acquired, and the Indebtedness secured thereby does not exceed the cost of the Equipment or Real Property so
acquired, as the case may be; 
 (c) guarantees by any Borrower or Guarantor of the Obligations of the other
Borrowers or Guarantors in favor of Agent for the benefit of Lenders; 
 (d) unsecured guarantees by Parent or a
Borrower of the obligations of a Borrower arising pursuant to a lease or license by a third party in a bona fide arm’s length transaction of real property for use as a retail store location in the ordinary course of the business
of such Borrower; provided, that, (i) the Person issuing such guarantee is permitted hereunder to incur directly the obligation that is being guaranteed and (ii) as of the date on which such guarantee is issued no Event of
Default exists or has occurred and is continuing; 
 (e) unsecured guarantees by any Borrower or Guarantor of the
obligations to a third party of any other Borrower or Guarantor (other than Parent); provided, that, (i) the Person issuing such guarantee is permitted hereunder to incur directly the Indebtedness that is being guaranteed, and
(ii) as of the date on which such guarantee is issued, no Event of Default exists or has occurred and is continuing; 

(f) the Indebtedness of any Borrower or Guarantor to any other Borrower or Guarantor arising after the date hereof
pursuant to loans by any Borrower or Guarantor permitted under Section 9.10(g) hereof; 
 (g) unsecured
Indebtedness of any Borrower or Guarantor arising after the date hereof to any third party (but not to any other Borrower or Guarantor and other than any Indebtedness permitted under Sections 9.9(h) or 9.9(i) below) pursuant to loans in cash or
other immediately available funds by such person to such Borrower or Guarantor, provided, that, each of the following conditions is satisfied as determined by Agent: (i) such Indebtedness shall be on terms and conditions
reasonably acceptable to Agent, (ii) in no event shall any Borrower or Guarantor make, or be required to make under the terms thereof, payments in respect of such Indebtedness prior to the date one hundred eighty (180) days after the end
of the then current term of this Agreement (other than regularly scheduled payments of interest and fees or payments pursuant to the issuance of additional Indebtedness on substantially the same terms as the initial Indebtedness), (iii) Agent
shall have received not less than ten (10) Business Days’ prior written notice of the intention of such Borrower or Guarantor to incur such Indebtedness, which notice shall set forth in reasonable detail satisfactory to Agent the amount of
such Indebtedness, the person or persons to whom such Indebtedness will be owed, the interest rate, the schedule of repayments and maturity date with respect thereto and such other information as Agent may reasonably request with respect thereto,
(iv) Agent shall have received true, correct and complete copies of all agreements, documents and instruments evidencing or otherwise related to such Indebtedness, (v) except as Agent may otherwise agree in writing, all of the proceeds of
the loans or other accommodations giving rise to such Indebtedness shall be paid to 
  

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Agent for application to the Obligations in such order and manner as Agent may determine, (vi) the aggregate principal amount of all such Indebtedness shall not exceed $20,000,000,
(vii) as of the date of incurring such Indebtedness and after giving effect thereto, no Default or Event of Default shall exist or have occurred, (viii) such Borrower and Guarantor shall not, directly or indirectly, (A) amend, modify,
alter or change the terms of such Indebtedness or any agreement, document or instrument related thereto, except, that, such Borrower or Guarantor may, after prior written notice to Agent, amend, modify, alter or change the terms
thereof so as to extend the maturity thereof, or defer the timing of any payments in respect thereof, or to forgive or cancel any portion of such Indebtedness (other than pursuant to payments thereof), or to reduce the interest rate or any fees in
connection therewith, or (B) redeem, retire, defease, purchase or otherwise acquire such Indebtedness (except pursuant to regularly scheduled payments permitted herein), or set aside or otherwise deposit or invest any sums for such purpose, and
(ix) Borrowers and Guarantors shall furnish to Agent all notices or demands in connection with such Indebtedness either received by any Borrower or Guarantor or on its behalf promptly after the receipt thereof, or sent by any Borrower or
Guarantor or on its behalf concurrently with the sending thereof, as the case may be; 
 (h) unsecured
Indebtedness of Parent arising after the date hereof to any Person (but not to any other Borrower or Guarantor and other than any Indebtedness permitted under Sections 9.9(g) above or 9.9(i) below) pursuant to loans in cash or other immediately
available funds by such person to Parent, provided, that, each of the following conditions is satisfied as determined by Agent: (i) such Indebtedness shall be on terms and conditions reasonably acceptable to Agent, (ii) in no
event shall any Borrower or Guarantor make, or be required to make under the terms thereof, payments in respect of such Indebtedness prior to the termination of this Agreement and the payment in full in cash or other immediately available funds of
all of the Obligations (other than payments pursuant to the issuance of additional Indebtedness by Parent on substantially the same terms as the initial Indebtedness), (iii) Agent shall have received prior written notice of the intention of
Parent to incur such Indebtedness, which notice shall set forth in reasonable detail satisfactory to Agent the amount of such Indebtedness, the person or persons to whom such Indebtedness will be owed, the interest rate, the schedule of repayments
and maturity date with respect thereto and such other information as Agent may reasonably request with respect thereto, (iv) Agent shall have received true, correct and complete copies of all agreements, documents and instruments evidencing or
otherwise related to such Indebtedness, (v) Parent shall not, directly or indirectly, (A) amend, modify, alter or change the terms of such Indebtedness or any agreement, document or instrument related thereto, except, that,
Parent may, after prior written notice to Agent, amend, modify, alter or change the terms thereof so as to extend the maturity thereof, or defer the timing of any payments in respect thereof, or to forgive or cancel any portion of such Indebtedness
(other than pursuant to payments thereof), or to reduce the interest rate or any fees in connection therewith, or (B) redeem, retire, defease, purchase or otherwise acquire such Indebtedness (except pursuant to payments in the form permitted
herein), or set aside or otherwise deposit or invest any sums for such purpose, and (vi) Borrowers and Guarantors shall furnish to Agent all notices or demands in connection with such Indebtedness either received by any Borrower or Guarantor or
on its behalf promptly after the receipt thereof, or sent by any Borrower or Guarantor or on its behalf concurrently with the sending thereof, as the case may be; 

 

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 (i) unsecured Indebtedness of Operating arising after the date hereof to TPG
Partners, any Affiliate of TPG Partners or any third party to the extent such Indebtedness of Operating to such third party is guaranteed by TPG Partners or any Affiliate of TPG Partners (other than any Indebtedness permitted under Sections 9.9(g)
or 9.9(h) above) pursuant to loans in cash or other immediately available funds by such person to Operating, provided, that, each of the following conditions is satisfied as determined by Agent: (i) such Indebtedness shall be on
terms and conditions reasonably acceptable to Agent, and such Indebtedness shall be subject and subordinate in right of payment to the right of Agent and Lenders to receive the prior indefeasible payment and satisfaction in full in cash or other
immediately available funds of all of the Obligations pursuant to the terms of an intercreditor agreement between Agent and the person to whom such Indebtedness is owed, in form and substance satisfactory to Agent, (ii) Agent shall have
received prior written notice of the intention of Operating to incur such Indebtedness, which notice shall set forth in reasonable detail satisfactory to Agent the amount of such Indebtedness, the person or persons to whom such Indebtedness will be
owed, the interest rate, the schedule of repayments and maturity date with respect thereto and such other information as Agent may reasonably request with respect thereto, (iii) Agent shall have received true, correct and complete copies of all
agreements, documents and instruments evidencing or otherwise related to such Indebtedness, (iv) Operating shall not, directly or indirectly, (A) amend, modify, alter or change the terms of such Indebtedness or any agreement, document or
instrument related thereto, except, that, Operating may, after prior written notice to Agent, amend, modify, alter or change the terms thereof so as to extend the maturity thereof, or defer the timing of any payments in respect
thereof, or to forgive or cancel any portion of such Indebtedness (other than pursuant to payments thereof), or to reduce the interest rate or any fees in connection therewith, or (B) redeem, retire, defease, purchase or otherwise acquire such
Indebtedness (except pursuant to regularly scheduled payments that may be permitted under the terms of the intercreditor agreement referred to above), or set aside or otherwise deposit or invest any sums for such purpose, and (v) Borrowers and
Guarantors shall furnish to Agent all notices or demands in connection with such Indebtedness either received by any Borrower or Guarantor or on its behalf promptly after the receipt thereof, or sent by any Borrower or Guarantor or on its behalf
concurrently with the sending thereof, as the case may be; 
 (j) Indebtedness of Parent evidenced by the Senior
Discount Debentures as in effect on the date hereof or as permitted to be amended pursuant to the terms hereof, provided, that: 

(i) the aggregate amount of such Indebtedness shall not exceed $25,000,000, less the aggregate amount of all repayments or
redemptions, whether optional or mandatory, in respect thereof, plus interest thereon at the rate provided for in the Senior Discount Debentures as in effect on the date hereof, 

(ii) the Credit Facility is and shall at all times continue to be the “New Credit Facility” as such term is
defined in the Senior Debenture Indenture as in effect on the date hereof and is and shall be entitled to all of the rights and benefits thereof, if any, under the Senior Debenture Indenture as in effect on the date hereof, 

 

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 (iii) Borrowers and Guarantors shall not, directly or indirectly, make any
payments in respect of such Indebtedness, except that they may make (A) regularly scheduled payments of interest and fees, if any, in respect of such Indebtedness when due in accordance with the terms of the Senior Discount
Debentures and the Senior Debenture Indenture, in each case as in effect on the date hereof and any reasonable and customary fees required to be paid to holders of the Senior Discount Debentures in connection with a consent solicitation and
(B) payments permitted under clause (j)(v) below of this Section 9.9, 
 (iv) Borrowers and Guarantors
shall not, directly or indirectly, amend, modify, alter or change, in each case, in any material respect any terms of such Indebtedness or any of the Senior Discount Debentures, the Senior Debenture Indenture or any related agreements, documents and
instruments, except that Borrowers and Guarantors may, after prior written notice to Agent, amend, modify, alter or change the terms thereof so as to extend the maturity thereof or defer the timing of any payments in respect thereof,
or to forgive or cancel any portion of such Indebtedness other than pursuant to payments thereof, or to reduce the interest rate or any fees in connection therewith, or to eliminate any covenants contained therein, or make any such covenants less
restrictive or otherwise more favorable to any Borrower or Guarantor, and 
 (v) Borrowers and Guarantors shall
not, directly or indirectly, redeem, retire, defease, purchase or otherwise acquire all or any part of such Indebtedness other than at maturity (as set forth in the Senior Debenture Indenture as in effect on the date hereof or as extended after the
date hereof), or set aside or otherwise deposit or invest any sums for such purpose, except that 

(A) Borrowers or Guarantors may redeem, retire, defease, purchase or otherwise acquire all or any part of such
Indebtedness with Refinancing Indebtedness with respect thereto to the extent permitted under Section 9.9(o) hereof, 

(B) Borrowers or Guarantors may redeem, retire, defease, purchase or otherwise acquire all or any portion of such
Indebtedness with the net proceeds of the issuance and sale of Capital Stock of Parent or Operating permitted hereunder received by such Borrower or Guarantor in cash or other immediately available funds, provided, that, as of the date
of any such redemption or purchase or any payment in respect thereof and after giving effect thereto, (1) Borrowers and Guarantors shall have complied with all of the requirements of Sections 9.7(b)(iii)(A), (B), (C) and (E) with
respect to such issuance and sale of Capital Stock and in addition to such requirements, the notice provided to Agent pursuant thereto shall specify that the proceeds are to be used for the redemption, retirement, defeasance, purchase or acquisition
of all or any part all of such Indebtedness (and shall specify which of the foregoing is intended), the maximum amount that Borrowers and Guarantors will pay in respect thereof and the range of the principal amount of the Senior Discount Debentures
that Borrowers and Guarantors anticipate will be so redeemed, retired, defeased, purchased or otherwise acquired, (2) the redemption, retirement, defeasance, repurchase or acquisition of all or any part of such Indebtedness shall be
substantially contemporaneous with the issuance and sale of the Capital Stock of Parent or Operating subject to such notice provided to Agent, (3) as of the date of any such payment and after giving effect thereto, there shall be Excess
Availability, and (4) as of the date of any such payment and after giving effect thereto, no Default or Event of Default shall exist or have occurred and be continuing, 

 

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 (C) Borrowers or Guarantors may redeem or repurchase such Indebtedness in
cash or other immediately available funds (other than with proceeds of the issuance and sale of Capital Stock of Parent or Operating as provided in clause (B) above); provided, that, (1) Borrower Agent shall have provided to
Agent not less than ten (10) Business Days’ notice of the intention of such Borrower or Guarantor to redeem or repurchase such Indebtedness (specifying the amount to be paid by Borrowers or Guarantors and the principal amount of the Senior
Discount Debentures that Borrowers and Guarantors anticipate will be so redeemed or repurchased), (2) for the two consecutive month period immediately prior to the date of any payment in respect of such redemption or repurchase, Excess
Availability shall have been not less than $30,000,000, (3) Agent shall have received, not more than twenty (20) Business Days prior to such payment and not less than five (5) Business Days prior to such payment, current, updated
projections of the amount of the Borrowing Base and Excess Availability for the one month period after the date of any payment in respect of such redemption or repurchase, in a form reasonably satisfactory to Agent, representing Borrowers’
reasonable best estimate of the future Borrowing Base and Excess Availability for the period set forth therein as of the date not more than ten (10) days prior to the date of the payment in respect of such redemption and repurchase, which
projections shall have been prepared on the basis of the assumptions set forth therein which Borrowers believe are fair and reasonable as of the date of preparation in light of current and reasonably foreseeable business conditions, (4) the
amount of the Excess Availability as set forth in such projections for such one month period shall be not less than $20,000,000, and (5) as of the date of any such payment and after giving effect thereto, no Default or Event of Default exists
or has occurred and is continuing; 
 (k) intentionally omitted; 

(l) contingent Indebtedness arising pursuant to the guarantee existing on the date hereof by any Subsidiary of Operating
of the Indebtedness of Operating evidenced by the 10 3/8% Subordinated Notes to the extent such Indebtedness of Operating is permitted hereunder, set forth in the 10 3/8% Subordinated Note Indenture as in effect on the date hereof; 

(m) Indebtedness incurred in respect of workers’ compensation claims, self-insurance obligations, performance, surety
and similar bonds and completion guarantees provided by a Borrower or Guarantor in the ordinary course of business consistent with current practices as of the date hereof; 

(n) Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar
instrument (other than daylight overdrafts and drafts in the controlled disbursement accounts to be covered by Revolving Loans) inadvertently drawn against insufficient funds in the ordinary course of business; provided, that, such
Indebtedness shall be repaid within five (5) days of its incurrence and shall not exceed $1,000,000 outstanding at any one time; 

(o) Indebtedness of Parent, Operating or Intermediate, as the case may be, arising after the date hereof issued in
exchange for, or the proceeds of which are used to extend, refinance, replace or substitute for Indebtedness permitted under Sections 9.9(j), 9.9(q), 9.9(r), 9.9(s), 9.9(t) or 9.9(u) hereof (the “Refinancing Indebtedness”);
provided, that, as to any such Refinancing Indebtedness, each of the following conditions is satisfied: (i) Agent shall have 

 

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received not less than ten (10) Business Days’ prior written notice of the intention to incur such Indebtedness, which notice shall set forth in reasonable detail satisfactory to Agent,
the amount of such Indebtedness, the schedule of repayments and maturity date with respect thereto and such other information with respect thereto as Agent may reasonably request, (ii) promptly upon Agent’s request, Agent shall have
received true, correct and complete copies of all agreements, documents and instruments evidencing or otherwise related to such Indebtedness, as duly authorized, executed and delivered by the parties thereto, (iii) the Refinancing Indebtedness
shall have a Weighted Average Life to Maturity and a final maturity equal to or greater than the Weighted Average Life to Maturity and the final maturity, respectively, of the Indebtedness being extended, refinanced, replaced, or substituted for,
(iv) the Refinancing Indebtedness shall rank in right of payment no more senior than, and be at least as subordinated (if subordinated) to, the Obligations as the Indebtedness being extended, refinanced, replaced or substituted for,
(v) the Refinancing Indebtedness shall not include terms and conditions with respect to any Borrower or Guarantor which are more burdensome or restrictive in any material respect than those included in the Indebtedness so extended, refinanced,
replaced or substituted for, (vi) such Indebtedness incurred by any Borrower or Guarantor shall be at rates and with fees or other charges that are commercially reasonable, (vii) the incurring of such Indebtedness shall not result in an
Event of Default, (viii) the principal amount of such Refinancing Indebtedness shall not exceed the principal amount of the Indebtedness so extended, refinanced, replaced or substituted for (plus the amount of refinancing fees and expenses
incurred in connection therewith outstanding on the date of such event), (ix) Borrowers and Guarantors may only make payments of principal, interest and fees, if any, in respect of such Indebtedness to the extent such payments would have been
permitted hereunder in respect of the Indebtedness so extended, refinanced, replaced or substituted for (and except as otherwise permitted below), (x) Borrowers and Guarantors shall not, directly or indirectly, (A) amend, modify, alter or
change any terms of the agreements with respect to such Refinancing Indebtedness, except that Borrowers and Guarantors may, after prior written notice to Agent, amend, modify, alter or change the terms thereof to the extent permitted
with respect to the Indebtedness so extended, refinanced, replaced or substituted for, or (B) redeem, retire, defease, purchase or otherwise acquired such Indebtedness, or set aside or otherwise deposit or invest any sums for such purpose
(other than with Refinancing Indebtedness to the extent permitted herein and to the extent permitted with respect to the Indebtedness so extended, refinanced, replaced or substituted for), and (xi) Borrowers and Guarantors shall furnish to
Agent copies of all material notices or demands in connection with Indebtedness received by any Borrower or Guarantor or on its behalf promptly after the receipt thereof or sent by any Borrower or Guarantor or on its behalf concurrently with the
sending thereof, as the case may be; and 
 (p) the Indebtedness set forth on Schedule 9.9 to the Information
Certificate; provided, that, (i) Borrowers and Guarantors may only make regularly scheduled payments of principal and interest in respect of such Indebtedness in accordance with the terms of the agreement or instrument evidencing
or giving rise to such Indebtedness as in effect on the date hereof, (ii) Borrowers and Guarantors shall not, directly or indirectly, (A) amend, modify, alter or change the terms of such Indebtedness or any agreement, document or
instrument related thereto as in effect on the date hereof except, that, Borrowers and Guarantors may, after prior written notice to Agent, amend, modify, alter or change the terms thereof so as to extend the maturity thereof, or defer
the timing of any payments in respect thereof, or to forgive or cancel any portion of such Indebtedness (other than pursuant to payments thereof), or to reduce the 

 

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interest rate or any fees in connection therewith, or (B) redeem, retire, defease, purchase or otherwise acquire such Indebtedness, or set aside or otherwise deposit or invest any sums for
such purpose, and (iii) Borrowers and Guarantors shall furnish to Agent all notices or demands in connection with such Indebtedness either received by any Borrower or Guarantor or on its behalf, promptly after the receipt thereof, or sent by
any Borrower or Guarantor or on its behalf, concurrently with the sending thereof, as the case may be. 
 (q)
Indebtedness of Intermediate evidenced by the 16% Senior Discount Notes as in effect on the date hereof or as permitted to be amended pursuant to the terms hereof, provided, that: 

(i) the aggregate amount of such Indebtedness shall not exceed $75,000,000, plus Contingent Principal, less the aggregate
amount of all repayments or redemptions, whether optional or mandatory, in respect thereof, plus interest thereon at the rate provided for in the 16% Senior Discount Note Indenture as in effect on the date hereof; 

(ii) the Credit Facility is and shall at all times continue to be the “New Credit Facility” as such term is
defined in the 16% Senior Discount Note Indenture as in effect on the date hereof and is and shall be entitled to all of the rights and benefits thereof, if any, under the 16% Senior Discount Note Indenture as in effect on the date hereof,

 (iii) Borrowers and Guarantors shall not, directly or indirectly, make any payments in respect of such
Indebtedness, except that (A) they may make regularly scheduled payments of interest by capitalizing such interest and adding such capitalized amount to the outstanding principal amount of such Indebtedness, and fees, if any, in
respect of such Indebtedness when due in accordance with the terms of the 16% Senior Discount Notes in effect on the date hereof and the 16% Senior Discount Note Indenture as in effect on the date hereof, in each case in accordance with the terms of
the Exchange Offer Documents as in effect on the date hereof and any reasonable and customary fees required to be paid to holders of the 16% Senior Discount Notes in connection with a consent solicitation, it being understood and agreed that in no
event shall the provisions of the 16% Senior Discount Notes as in effect on the date hereof and the 16% Senior Discount Note Indenture as in effect on the date hereof with respect thereto, vary from the provisions of the Exchange Offer Documents and
(B) payments permitted under clause (q)(v) below of this Section 9.9 , 
 (iv) Borrowers and Guarantors
shall not, directly or indirectly, amend, modify, alter or change, in each case, in any material respect any terms of such Indebtedness or any of the 16% Senior Discount Notes, the 16% Senior Discount Note Indenture or any related agreements,
documents and instruments, except that Borrowers and Guarantors may, after prior written notice to Agent, amend, modify, alter or change the terms thereof so as to extend the maturity thereof or defer the timing of any payments in
respect thereof, or to forgive or cancel any portion of such Indebtedness other than pursuant to payments thereof, or to reduce the interest rate or any fees in connection therewith, or to eliminate any covenants contained therein, or make any such
covenants less restrictive or otherwise more favorable to any Borrower or Guarantor, and 
  

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 (v) Borrowers and Guarantors shall not, directly or indirectly, redeem,
retire, defease, purchase or otherwise acquire all or any part of such Indebtedness other than at maturity (as set forth in the 16% Senior Discount Note Indenture as in effect on the date hereof or as extended after such date), or set aside or
otherwise deposit or invest any sums for such purpose, except that 
 (A) Borrowers or Guarantors
may redeem, retire, defease, purchase or otherwise acquire all or any part of such Indebtedness with Refinancing Indebtedness with respect thereto to the extent permitted under Section 9.9(o) hereof, 

(B) Borrowers or Guarantors may redeem, retire, defease, purchase or otherwise acquire all or any portion of such
Indebtedness with the net proceeds of the issuance and sale of Capital Stock of Parent or Operating permitted hereunder received by such Borrower or Guarantor in cash or other immediately available funds; provided, that, as of the date
of any such redemption or purchase or any payment in respect thereof and after giving effect thereto, (1) Borrowers and Guarantors shall have complied with all of the requirements of Sections 9.7(b)(iii)(A), (B), (C) and (E) with
respect to such issuance and sale of Capital Stock and in addition to such requirements, the notice provided to Agent pursuant thereto shall specify that the proceeds are to be used for the redemption, retirement, defeasance, purchase or acquisition
of all or any part all of such Indebtedness (and shall specify which of the foregoing is intended), the maximum amount that Borrowers and Guarantors will pay in respect thereof and the range of the principal amount of the 16% Senior Discount Notes
that Borrowers and Guarantors anticipate will be so redeemed, retired, defeased, purchased or otherwise acquired, (2) the redemption, retirement, defeasance, repurchase or acquisition of all or any part of such Indebtedness shall be
substantially contemporaneous with the issuance and sale of the Capital Stock of Parent or Operating subject to such notice provided to Agent, (3) as of the date of any such payment and after giving effect thereto, there shall be Excess
Availability, and (4) as of the date of any such payment and after giving effect thereto, no Default or Event of Default shall exist or have occurred and be continuing, and 

(C) Borrowers or Guarantors may redeem or repurchase such Indebtedness in cash or other immediately available funds
(other than with proceeds of the issuance and sale of Capital Stock of Parent or Operating as provided in clause (B) above); provided, that, (1) Borrower Agent shall have provided to Agent not less than ten (10) Business
Days’ notice of the intention of such Borrower or Guarantor to redeem or purchase such Indebtedness (specifying the amount to be paid by Borrowers or Guarantors and the principal amount of the 16% Senior Discount Notes that Borrowers and
Guarantors anticipate will be so redeemed or repurchased), (2) for the two consecutive month period immediately prior to the date of any payment in respect of such redemption or repurchase, Excess Availability shall have been not less than
$30,000,000, (3) Agent shall have received, not more than twenty (20) Business Days prior to such payment and not less than five (5) Business Days prior to such payment, current, updated projections of the amount of the Borrowing Base
and Excess Availability for the one month period after the date of any payment in respect of such redemption or repurchase, in a form reasonably satisfactory to Agent, representing Borrowers’ reasonable best estimate of the future Borrowing
Base and Excess Availability for the period set forth therein as of the date not more than ten (10) days prior to the date of the payment in respect of such redemption and repurchase, which projections shall have been prepared on the basis of
the 
  

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assumptions set forth therein which Borrowers believe are fair and reasonable as of the date of preparation in light of current and reasonably foreseeable business conditions, and (4) the
amount of the Excess Availability as set forth in such projections for such one month period shall be not less than $20,000,000, and (5) as of the date of any such payment and after giving effect thereto, no Default or Event of Default exists
or has occurred and is continuing; 
 (r) Indebtedness of Operating arising on the Black Canyon Closing Date
under the Black Canyon Credit Agreement (or under the Black Canyon Indenture upon its execution and delivery after the Black Canyon Closing Date), provided, that: 

(i) the aggregate amount of such Indebtedness shall not exceed $275,000,000 (or such greater amount as is permitted
below), less the aggregate amount of all repayments or redemptions, whether optional or mandatory, in respect thereof, plus interest thereon at the rate provided for in the Black Canyon Credit Agreement (or provided for in the Black Canyon Indenture
upon its execution and delivery after the date hereof), except, that, at the option of Borrowers, the aggregate principal amount of such Indebtedness outstanding at such time may be increased, provided, that,
(A) Agent shall have received not less than ten (10) Business Days’ prior written notice of the intention of Borrowers to exercise such option, which notice shall specify the then current amounts of such Indebtedness, the amount of
such increase and such other information with respect thereto as Agent may reasonably request, (B) each of the conditions to any such increase under the terms of the Black Canyon Credit Agreement as in effect on the date hereof have been
satisfied and Agent shall have received such evidence thereof as Agent may request, (C) such Indebtedness shall be on the same terms and conditions as the Indebtedness of Borrowers under the Black Canyon Credit Agreement as in effect on the
date hereof (or as permitted to be amended hereunder) or the same terms and conditions of the Black Canyon Indenture (as such terms and conditions are permitted hereunder) or terms and conditions more favorable to Borrowers and Guarantors and
subject in all respects to the Black Canyon Intercreditor Agreement or other intercreditor agreements no less favorable to Agent in any respect, (D) Agent shall receive written confirmation from Borrower Agent that Borrowers have received the
proceeds of the loans in immediately available funds giving rise to such increase in Indebtedness promptly upon the receipt thereof and the amount of such funds, (E) in no event shall the aggregate amount of all such increases exceed at any
time the amount equal to $50,000,000 minus the amount of the outstanding Indebtedness permitted under Section 9.9(u) hereof, (F) after giving effect to any such increase, Excess Availability shall be not less than $20,000,000 and
(G) as of the date of such increase and after giving effect thereto, no Default or Event of Default shall exist or have occurred and be continuing, 

(ii) the Credit Facility is and shall at all times continue to be the “Congress Credit Facility” as such term is
defined in the Black Canyon Documents and the Obligations are and shall at all times constitute “Senior Debt” and “Designated Senior Debt” as each of such terms is defined in the Black Canyon Documents and is and shall be
entitled to all of the rights and benefits thereof, if any, under the Black Canyon Documents, 
 (iii) Borrowers
and Guarantors shall not, directly or indirectly, make any payments in respect of such Indebtedness, except that (A) they may make regularly scheduled payments of interest and fees, if any, in respect of such Indebtedness when due
in accordance with the terms of the Black Canyon Credit Agreement (or in accordance with the terms of the 
  

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Black Canyon Indenture upon its execution and delivery after the Black Canyon Closing Date), and any reasonable and customary fees required to be paid to lenders or holders of the Indebtedness of
Operating under the Black Canyon Documents and (B) payments permitted under clause (r)(v) below of this Section 9.9, 

(iv) Borrowers and Guarantors shall not, directly or indirectly, amend, modify, alter or change, in each case, in any
material respect any terms of such Indebtedness or any of the Black Canyon Documents or any related agreements, documents and instruments, except that Borrowers and Guarantors may, after prior written notice to Agent, amend, modify,
alter or change the terms thereof so as to extend the maturity thereof or defer the timing of any payments in respect thereof, or to forgive or cancel any portion of such Indebtedness other than pursuant to payments thereof, or to reduce the
interest rate or any fees in connection therewith, or to eliminate any covenants contained therein, or make any such covenants less restrictive or otherwise more favorable to any Borrower or Guarantor or to execute and deliver a loan guarantee in
the form attached as Exhibit B to the Black Canyon Credit Agreement (or the equivalent form attached to the Black Canyon Indenture), and 

(v) Borrowers and Guarantors shall not, directly or indirectly, redeem, retire, defease, purchase or otherwise acquire all
or any part of such Indebtedness other than at maturity (as set forth in the Black Canyon Credit Agreement or the Black Canyon Indenture upon its execution and delivery after the Black Canyon Closing Date), or set aside or otherwise deposit or
invest any sums for such purpose, except that 
 (A) Borrowers or Guarantors may redeem, retire,
defease, purchase or otherwise acquire all or any part of such Indebtedness with Refinancing Indebtedness with respect thereto to the extent permitted under Section 9.9(o) hereof, 

(B) Borrowers or Guarantors may redeem, retire, defease, purchase or otherwise acquire all or any portion of such
Indebtedness with the net proceeds of the issuance and sale of Capital Stock of Parent or Operating permitted hereunder received by such Borrower or Guarantor in cash or other immediately available funds; provided, that, as of the date
of any such redemption or purchase or any payment in respect thereof and after giving effect thereto, (1) Borrowers and Guarantors shall have complied with all of the requirements of Sections 9.7(b)(iii)(A), (B), (C) and (E) with
respect to such issuance and sale of Capital Stock and in addition to such requirements, the notice provided to Agent pursuant thereto shall specify that the proceeds are to be used for the redemption, retirement, defeasance, purchase or acquisition
of all or any part all of such Indebtedness (and shall specify which of the foregoing is intended), the maximum amount that Borrowers and Guarantors will pay in respect thereof and the range of the principal amount of such Indebtedness that
Borrowers and Guarantors anticipate will be so redeemed, retired, defeased, purchased or otherwise acquired, (2) the redemption, retirement, defeasance, repurchase or acquisition of all or any part of such Indebtedness shall be substantially
contemporaneous with the issuance and sale of the Capital Stock of Parent or Operating subject to such notice provided to Agent, (3) as of the date of any such payment and after giving effect thereto, there shall be Excess Availability, and
(4) as of the date of any such payment and after giving effect thereto, no Default or Event of Default shall exist or have occurred and be continuing, and 
  

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 (C) Borrowers or Guarantors may redeem or repurchase such Indebtedness in
cash or other immediately available funds (other than with proceeds of the issuance and sale of Capital Stock of Parent or Operating as provided in clause (B) above); provided, that, (1) Borrower Agent shall have provided to
Agent not less than ten (10) Business Days’ notice of the intention of such Borrower or Guarantor to redeem or repurchase such Indebtedness (specifying the amount to be paid by Borrowers or Guarantors and the principal amount of such
Indebtedness that Borrowers and Guarantors anticipate will be so redeemed or repurchased), (2) for the two consecutive month period immediately prior to the date of any payment in respect of such redemption or repurchase, Excess Availability
shall have been not less than $30,000,000, (3) Agent shall have received, not more than ten (10) Business Days prior to such payment and not less than five (5) Business Days prior to such payment, current, updated projections of the
amount of the Borrowing Base and Excess Availability for the one month period after the date of any payment in respect of such redemption or repurchase, in a form reasonably satisfactory to Agent, representing Borrowers’ reasonable best
estimate of the future Borrowing Base and Excess Availability for the period set forth therein as of the date not more than ten (10) days prior to the date of the payment in respect of such redemption and repurchase, which projections shall
have been prepared on the basis of the assumptions set forth therein which Borrowers believe are fair and reasonable as of the date of preparation in light of current and reasonably foreseeable business conditions, (4) the amount of the Excess
Availability as set forth in such projections for such one month period shall be not less than $20,000,000, and (5) as of the date of any such payment and after giving effect thereto, no Default or Event of Default exists or has occurred and is
continuing. 
 (s) contingent Indebtedness arising pursuant to the guarantees existing on November 24, 2004
by the Black Canyon Guarantors (or thereafter pursuant to any person that becomes a Black Canyon Guarantor after November 24, 2004 in accordance with the terms of the Black Canyon Documents) of the Indebtedness of Operating arising under the
Black Canyon Documents to the extent such Indebtedness of Operating is permitted hereunder, set forth in the Black Canyon Credit Agreement, or on substantially the same terms, in the Black Canyon Indenture upon the execution and delivery thereof.

 (t) Indebtedness of any Borrower or Guarantor arising after the date hereof to any financial institution or
institutions pursuant to loans in cash or other immediately available funds by such institution or institutions to such Borrower or Guarantor, provided, that, each of the following conditions is satisfied as determined by Agent:
(i) such Indebtedness shall be owing to a financial institution or institutions reasonably acceptable to Agent, (ii) in no event shall any Borrower or Guarantor make, or be required to make under the terms thereof, any payments in respect
of such Indebtedness prior to the date one hundred eighty (180) days after the end of the then current term of this Agreement, except for (A) regularly scheduled payments of interest and (B) regularly scheduled payments of
principal so long as the aggregate amount of such payments of principal in any twelve (12) consecutive month period (but not including payments on the final maturity date of such Indebtedness) do not exceed $10,000,000 (provided,
that, the amount of any such payments of principal in excess of $2,500,000 to be made in any such twelve (12) month period shall be included in the calculation of the Fixed Interest Charge Coverage Ratio as provided herein),
(iii) the terms and conditions of such Indebtedness shall be on “market” terms (based on the market for a secured term loan provided in conjunction with an asset-based facility of the type provided for in this Agreement) and otherwise
on commercially 
  

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reasonable rates and terms in a bona fide transaction, (iv) such Indebtedness shall be secured only by a first priority security interest in the Intellectual Property and a security interest
in such other Collateral as such financial institution or institutions may require which is subordinate and junior in all respects to the security interest and lien of Agent therein, (v) Agent shall have received an intercreditor agreement, in
form and substance reasonably satisfactory to Agent, duly authorized, executed and delivered by the persons to whom such Indebtedness is owed, and acknowledged and agreed to by Borrowers and Guarantors, (vi) Agent shall have received not less
than ten (10) Business Days’ prior written notice of the intention of such Borrower or Guarantor to incur such Indebtedness, which notice shall set forth in reasonable detail satisfactory to Agent the amount of such Indebtedness, the
person or persons to whom such Indebtedness will be owed, the interest rate, the schedule of repayments and maturity date with respect thereto and such other information as Agent may reasonably request with respect thereto, (vii) on and after
the incurrence of such Indebtedness, the Adjusted Borrowing Base shall be used for purposes hereof and as of the date of incurring such Indebtedness, immediately after giving effect to the Adjusted Borrowing Base, Excess Availability shall be not
less than $20,000,000, (viii) Agent shall have received true, correct and complete copies of all material agreements, documents and instruments evidencing or otherwise related to such Indebtedness and such other agreements, documents and
instruments as Agent may reasonably request, (ix) the net cash proceeds of such loans received by the Borrowers shall not be less than $20,000,000 and shall not exceed $80,000,000, (x) as of the date of incurring such Indebtedness and
after giving effect thereto, no Default or Event of Default shall exist or have occurred and be continuing, (xi) such Borrower and Guarantor shall not, directly or indirectly, (A) amend, modify, alter or change the terms of such
Indebtedness or any agreement, document or instrument related thereto, except, that, such Borrower or Guarantor may, after prior written notice to Agent, amend, modify, alter or change the terms thereof so as to extend the maturity thereof, or defer
the timing of any payments in respect thereof, or to forgive or cancel any portion of such Indebtedness (other than pursuant to payments thereof), or to reduce the interest rate or any fees in connection therewith, or in such other manner as Agent
may agree or (B) redeem, retire, defease, purchase or otherwise acquire such Indebtedness (except pursuant to regularly scheduled payments permitted herein), or set aside or otherwise deposit or invest any sums for such purpose, and
(xii) Borrowers and Guarantors shall furnish to Agent all material notices or demands in connection with such Indebtedness either received by any Borrower or Guarantor or on its behalf promptly after the receipt thereof, or sent by any Borrower
or Guarantor or on its behalf concurrently with the sending thereof, as the case may be; 
 (u) Indebtedness of
any Borrower or Guarantor arising after the date hereof to any financial institution or institutions pursuant to loans in cash or other immediately available funds by such institution or institutions to such Borrower or Guarantor, provided,
that, each of the following conditions is satisfied as determined by Agent: (i) such Indebtedness shall be owing to a financial institution or institutions reasonably acceptable to Agent, (ii) each of the conditions to any increase
in the amount of Indebtedness under the terms of the Black Canyon Credit Agreement as in effect on the date hereof shall have been satisfied and Agent shall have received such evidence thereof as Agent may request, (iii) such Indebtedness shall
be on the same terms and conditions as the Indebtedness of Borrowers under the Black Canyon Credit Agreement as in effect on the date hereof (or as permitted to be amended hereunder) or the terms and conditions of the Black Canyon Indenture (as such
terms and conditions are permitted hereunder) or terms and conditions more favorable to Borrowers and Guarantors, (iv) Agent shall 

 

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have received an intercreditor agreement, in form and substance satisfactory to Agent, duly authorized, executed and delivered by the persons to whom such Indebtedness is owed, and acknowledged
and agreed to by Borrowers and Guarantors, which shall be no less favorable to Agent and Lenders than the Black Canyon Intercreditor Agreement, (v) Agent shall receive written confirmation from Borrower Agent that Borrowers have received the
proceeds of the loans in immediately available funds giving rise to such Indebtedness on the date of the receipt thereof and the amount of such funds, (vi) in no event shall the aggregate amount of all such Indebtedness exceed at any time the
amount equal to $50,000,000 minus the amount of all increases in the Indebtedness permitted under Section 9.9(r)(i) hereof above, (vii) after giving effect to any such Indebtedness, Excess Availability shall be not less than $20,000,000,
(vii) Agent shall have received not less than ten (10) Business Days’ prior written notice of the intention of such Borrower or Guarantor to incur such Indebtedness, which notice shall set forth in reasonable detail satisfactory to
Agent the amount of such Indebtedness, the person or persons to whom such Indebtedness will be owed, the interest rate, the schedule of repayments and maturity date with respect thereto and such other information as Agent may reasonably request with
respect thereto, (viii) Agent shall have received true, correct and complete copies of all material agreements, documents and instruments evidencing or otherwise related to such Indebtedness and such other agreements, documents and instruments
as Agent may reasonably request, (ix) as of the date of incurring such Indebtedness and after giving effect thereto, no Default or Event of Default shall exist or have occurred and be continuing, (x) such Borrower and Guarantor shall not,
directly or indirectly, (A) amend, modify, alter or change the terms of such Indebtedness or any agreement, document or instrument related thereto, except, that, such Borrower or Guarantor may, after prior written notice to Agent, amend,
modify, alter or change the terms thereof so as to extend the maturity thereof, or defer the timing of any payments in respect thereof, or to forgive or cancel any portion of such Indebtedness (other than pursuant to payments thereof), or to reduce
the interest rate or any fees in connection therewith, or in such other manner as Agent may agree, (B) redeem, retire, defease, purchase or otherwise acquire such Indebtedness (except pursuant to regularly scheduled payments permitted herein),
or set aside or otherwise deposit or invest any sums for such purpose, and (xi) Borrowers and Guarantors shall furnish to Agent all material notices or demands in connection with such Indebtedness either received by any Borrower or Guarantor or
on its behalf promptly after the receipt thereof, or sent by any Borrower or Guarantor or on its behalf concurrently with the sending thereof, as the case may be; and 

(v) Indebtedness of any Borrower or Guarantor entered into in the ordinary course of business pursuant to a Hedge
Agreement; provided, that, (i) such arrangements are either with Agent, any Lender, or any Affiliate of any Lender or other financial institutions acceptable to Agent (and in each case as to any such Lender, Affiliate or other
financial institution only to the extent approved by Agent), (ii) such arrangements are not for speculative purposes, and (iii) such Indebtedness shall be unsecured, except to the extent such Indebtedness constitutes part of the
Obligations arising under or pursuant to Hedge Agreements with Agent, any Lender, any Affiliate of any Lender or another financial institution that are secured under the terms hereof. 

 

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 9.10 Loans, Investments, Etc. Each Borrower and Guarantor shall not, and shall not
permit any Subsidiary to, directly or indirectly, make any loans or advance money or property to any person, or invest in (by capital contribution or otherwise) or purchase or repurchase the Capital Stock or Indebtedness or all or a substantial part
of the assets or property of any person, or form or acquire any Subsidiaries, or agree to do any of the foregoing, except: 

(a) the endorsement of instruments for collection or deposit in the ordinary course of business; 

(b) investments in cash or Cash Equivalents, provided, that, (i) no Revolving Loans are then
outstanding and (ii) the terms and conditions of Section 5.2 hereof shall have been satisfied with respect to the deposit account, investment account or other account in which such cash or Cash Equivalents are held; 

(c) the equity investments of each Borrower and Guarantor in its Subsidiaries, provided, that, no Borrower
or Guarantor shall have any further obligations or liabilities to make any capital contributions or other additional investments or other payments to or in or for the benefit of any of such Subsidiaries; 

(d) loans and advances by any Borrower or Guarantor to employees of such Borrower or Guarantor not to exceed the principal
amount of $3,000,000 in the aggregate at any time outstanding for: (i) reasonably and necessary work-related travel or other ordinary business expenses to be incurred by such employee in connection with their work for such Borrower or Guarantor
and (ii) reasonable and necessary relocation expenses of such employees (including home mortgage financing for relocated employees); 

(e) stock or obligations issued to any Borrower or Guarantor by any Person (or the representative of such Person) in
respect of Indebtedness of such Person owing to such Borrower or Guarantor in connection with the insolvency, bankruptcy, receivership or reorganization of such Person or a composition or readjustment of the debts of such Person; provided,
that, the original of any such stock or instrument evidencing such obligations shall be promptly delivered to Agent, upon Agent’s request, together with such stock power, assignment or endorsement by such Borrower or Guarantor as Agent
may request; 
 (f) obligations of account debtors to any Borrower or Guarantor arising from Accounts which are
past due evidenced by a promissory note made by such account debtor payable to such Borrower or Guarantor; provided, that, promptly upon the receipt of the original of any such promissory note by such Borrower or Guarantor, such
promissory note shall be endorsed to the order of Agent by such Borrower or Guarantor and promptly delivered to Agent as so endorsed; 

(g) loans by Operating to any Subsidiary of Operating (other than an Inactive Subsidiary) or by Intermediate or any
Subsidiary of Operating to Operating or any other Subsidiary of Operating (other than an Inactive Subsidiary); provided, that, as to all of such loans, the Indebtedness arising pursuant to any such loan shall not be evidenced by a
promissory note or other instrument, unless the single original of such note or other instrument is promptly delivered to Agent upon its request to hold as part of the Collateral, with such endorsement and/or assignment by the payee of such note or
other instrument as Agent may require, 
  

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 (h) the formation by Parent of a direct wholly-owned Subsidiary after the
date hereof that is incorporated under the laws of a State of the United States of America; provided, that, each of the following conditions is satisfied: (i) the only asset of such wholly-owned Subsidiary shall be Capital Stock
of Operating issued after the date hereof to the extent such issuance is permitted under this Agreement and such Subsidiary shall not engage in any business or commercial activity or own or hold any other assets or properties, (ii) Parent shall
cause any such Subsidiary to execute and deliver to Agent, each of the following, in each case in form and substance satisfactory to Agent: (A) an absolute and unconditional guarantee of payment of the Obligations, (B) a security agreement
granting to Agent a first security interest in and lien upon all of the assets of any such Subsidiary, and (C) such other agreements, documents and instruments as Agent may require and (iii) Parent shall (A) execute and deliver to
Agent, a pledge and security agreement, in form and substance satisfactory to Agent, granting to Agent a first pledge of and lien on all of the issued and outstanding shares of Capital Stock of any such Subsidiary, and (B) deliver the original
stock certificates evidencing such shares of Capital Stock (or such other evidence as may be issued in the case of a limited liability company), together with stock powers with respect thereto duly executed in blank (or the equivalent thereof in the
case of a limited liability company in which such interests are certificated, or otherwise take such actions as Agent shall require with respect to Agent’s security interests therein), 

(i) other investments in an aggregate amount not to exceed $ 1,000,000 at any time outstanding, provided,
that, as of the date of any such investment and after giving effect thereto, no Default or Event of Default shall exist or have occurred and be continuing; 

(j) the loans and advances set forth on Schedule 9.10 to the Information Certificate; provided, that, as to
such loans and advances, Borrowers and Guarantors shall not, directly or indirectly, amend, modify, alter or change the terms of such loans and advances or any agreement, document or instrument related thereto and Borrowers and Guarantors shall
furnish to Agent all notices or demands in connection with such loans and advances either received by any Borrower or Guarantor or on its behalf, promptly after the receipt thereof, or sent by any Borrower or Guarantor or on its behalf, concurrently
with the sending thereof, as the case may be; 
 (k) an intercompany loan by Operating to Intermediate on or
about the Black Canyon Closing Date with a portion of the proceeds of the loans received by Operating under the Black Canyon Credit Agreement, the proceeds of which shall be used on or about the Black Canyon Closing Date by Intermediate solely to
prepay a portion of the 16% Senior Discount Notes, provided, that, the Indebtedness arising pursuant to such loan shall not be evidenced by a promissory note or other instrument, unless the single original of such note or other instrument is
promptly delivered to Agent upon its request to hold as part of the Collateral, with such endorsement and/or assignment by the payee of such note or other instrument as Agent may require. 

(l) the acquisition after the date of the date hereof by any Borrower or Guarantor of any direct wholly-owned Subsidiary
of such Borrower or Guarantor organized under the laws of a jurisdiction in the United States of America; provided, that, as to any such acquisition of any such Subsidiary, each of the following conditions is satisfied: 

(i) as of the date of any such acquisition of such Subsidiary or any payments in connection with the acquisition of such
Subsidiary, and in each case after giving effect thereto, no Default or Event of Default shall exist or have occurred and be continuing, 
  

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 (ii) as of the date of any such acquisition of such Subsidiary or any
payments in connection with the acquisition of such Subsidiary, for the two consecutive month period immediately prior to the date of any payment in respect of such redemption or repurchase, Excess Availability shall have been not less than
$30,000,000, 
 (iii) Agent shall have received, not more than twenty (20) Business Days prior to the
acquisition of such Subsidiary or any payment in connection with the acquisition of such Subsidiary, and not less than five (5) Business Days prior to such payment, current, updated projections of the amount of the Borrowing Base and Excess
Availability for the one month period after the date of any payment in respect of such acquisition, in a form reasonably satisfactory to Agent, representing Borrowers’ reasonable best estimate of the future Borrowing Base and Excess
Availability for the period set forth therein as of the date not more than term (10) days prior to the date of such acquisition or any payment in connection with it, which projections shall have been prepared on the basis of the assumptions set
forth therein which Borrowers believe are fair and reasonable as of the date of preparation in light of current and reasonably foreseeable business conditions, 

(iv) the amount of the Excess Availability as set forth in such projections for such one month period shall be not less
than $20,000,000, 
 (v) the Subsidiary acquired shall be engaged in a business related, ancillary or
complementary to the business of Borrowers permitted in this Agreement, 
 (vi) the Borrower or Guarantor forming
such Subsidiary shall, except as Agent may otherwise agree, (A) execute and deliver to Agent, a pledge and security agreement, in form and substance satisfactory to Agent, granting to Agent a first pledge of and lien on all of the issued and
outstanding shares of Capital Stock of any such Subsidiary, and (B) deliver the original stock certificates evidencing such shares of Capital Stock (or such other evidence as may be issued in the case of a limited liability company), together
with stock powers with respect thereto duly executed in blank (or the equivalent thereof in the case of a limited liability company in which such interests are certificated, or otherwise take such actions as Agent shall require with respect to
Agent’s security interests therein), 
 (vii) as to any such Subsidiary, except as Agent may otherwise
agree, (A) the Borrower or Guarantor forming such Subsidiary shall cause any such Subsidiary to execute and deliver to Agent, the following (each in form and substance satisfactory to Agent), (A) an absolute and unconditional guarantee of
payment of the Obligations, (B) a security agreement granting to Agent a first security interest and lien (except as otherwise consented to in writing by Agent) upon all of the assets of any such Subsidiary, and (C) such other agreements,
documents and instruments as Agent may reasonably require in connection with the documents referred to above, including, but not limited to, supplements and amendments hereto and other loan agreements or instruments evidencing Indebtedness of such
new Subsidiary to Agent, 
  

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 (viii) Agent shall have received (A) not less than ten
(10) Business Days’ prior written notice thereof setting forth in reasonable detail the nature and terms thereof, (B) true, correct and complete copies of all material agreements, documents and instruments relating thereto and
(C) such other agreements, documents and instruments relating thereto and information with respect thereto as Agent may reasonably request. 

9.11 Restricted Payments. Each Borrower and Guarantor shall not, and shall not permit any Subsidiary to, declare or make, or agree
to pay or make, directly or indirectly, any Restricted Payment, except: 
 (a) Parent or Operating may
make Restricted Payments with respect to its Capital Stock payable solely in additional shares of its Capital Stock that satisfies the requirements for issuance of Capital Stock by Parent or Operating under Section 9.7(b)(iii) hereof;

 (b) Parent may make Restricted Payments with respect to the 14.50% Series A Preferred Stock of Parent and the
14.50% payment-in-kind Series B Redeemable Cumulative Preferred Stock of Parent, payable solely in additional shares of such preferred stock; 

(c) Subsidiaries of Operating may make Restricted Payments to Operating and to wholly owned Subsidiaries of Operating
(other than Inactive Subsidiaries) and may declare and pay dividends ratably with respect to their common stock; 

(d) if at the time thereof and after giving effect thereto, no Default or Event of Default shall exist or have occurred
and be continuing, Operating may pay cash dividends to Parent, in an aggregate amount not exceeding $1,500,000 during any fiscal year, at such time and in such amounts as shall be necessary to permit Parent to (i) pay Taxes imposed upon it and
liabilities incidental to its existence when due and (ii) pay directors’ fees and management compensation to its directors when due; provided, that, any dividends permitted to be paid to Parent shall not be paid prior to the
date that Parent will apply the proceeds of such dividends to the purposes for which such dividends are permitted; 

(e) Operating and its Subsidiaries may make payments to Parent pursuant to and in accordance with the tax sharing
agreement by and among Parent and its Subsidiaries to reimburse Parent for their respective shares of income taxes paid by Parent determined as if Operating or such Subsidiary had filed its tax returns separately from Parent; 

(f) (i) Operating may declare and pay a dividend to Parent (directly, or by payment of such dividend to Intermediate), and
Intermediate may declare and pay a dividend to Parent, from time to time, (A) in the amount equal to any payment by Parent of cash interest permitted to be made by Parent pursuant to Section 9.9(j) hereof in respect of the Senior Discount
Debentures, the proceeds of which shall be used by Parent only to make a payment of the interest then due and payable in accordance with the terms of the Senior Discount Debentures as in effect on the date hereof, and (B) in the amount up to
the amount of any prepayments of principal that Parent is then permitted to make in respect of the Senior Discount Debentures under Section 9.9(j)(v)(C) hereof, the proceeds of which shall only be used by Parent to make prepayments of principal
under the Senior Discount Debentures to the extent that Parent is 
  

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permitted to make such prepayments permitted under Section 9.9(j)(v)(C) hereof and (C) in the amount of the payment of principal required to be made by Parent on the scheduled final
maturity date under the Senior Discount Debentures as in effect on the date hereof (or as such maturity date may be extended), the proceeds of which shall only be used by Parent to make such required payment on such scheduled final maturity date and
(ii) Operating may declare and pay a dividend to Intermediate, from time to time, (A) in the amount up to the amount of any prepayments of principal that Intermediate is then permitted to make in respect of the 16% Senior Discount Notes
under Section 9.9(q)(v)(C) hereof, the proceeds of which shall only be used by Intermediate to make such prepayments permitted under Section 9.9(q)(v)(C) and (B) in the amount of the payment of principal required to be made by
Intermediate on the scheduled final maturity date under the 16% Senior Discount Notes as in effect on the date hereof (or as such maturity date may be extended), the proceeds of which shall only be used by Intermediate to make such required payment
on such scheduled final maturity date; provided, that, as to any of the dividends referred to in clauses (i)(A) and (i) (C) and (ii)(B) above, any such dividend shall not be paid more than ninety (90) days prior to the
date such payment of interest or principal is due and payable and if such dividend is paid by Operating to Parent or Intermediate prior to the date that such interest or principal is due and payable, all such funds shall be held in an investment
account or deposit account subject to an Investment Property Control Agreement or Deposit Account Control Agreement, as the case may be, in favor of Agent, as duly authorized, executed and delivered by the financial intermediary where such funds are
held, Parent and/or Intermediate and Agent and as to any of the dividends referred to in clause (i)(B) and (ii)(A) above, any such dividend shall not be paid more than five (5) Business Days prior to the date of such prepayment and Agent shall
have received not less than ten (10) Business Days’ prior written notice of the intention of Operating to pay such dividends, which notice shall set forth the amount thereof that Operating is intending to pay, 

(g) Operating may declare and pay to a dividend to Parent from time to time, in each case, in the amount equal to any
payment by Parent of cash interest permitted to be made by Parent pursuant to Section 9.9(o) hereof in respect of Refinancing Indebtedness with respect to the Senior Discount Debentures, the proceeds of which shall be used by Parent only to
make a payment of the interest then due and payable in accordance with the terms of such Refinancing Indebtedness, provided, that, any such dividend shall not be paid more than ninety (90) days prior to the date such payment of
interest is due and payable and if such dividend is paid by Operating to Parent prior to the date that such interest is due and payable, all such funds shall be held in an investment account subject to an Investment Property Control Agreement in
favor of Agent, as duly authorized, executed and delivered by the financial intermediary where such funds are held, Parent and Agent; 

(h) Borrowers and Guarantors may repurchase Capital Stock consisting of common stock held by employees pursuant to any
employee stock ownership plan thereof upon the termination, retirement or death of any such employee in accordance with the provisions of such plan, provided, that, as to any such repurchase, each of the following conditions is
satisfied: (i) as of the date of the payment for such repurchase and after giving effect thereto, no Default or Event of Default shall exist or have occurred and be continuing, (ii) such repurchase shall be paid with funds legally
available therefor, (iii) such repurchase shall not violate any law or regulation or the terms of any indenture, agreement or undertaking to which such Borrower or Guarantor is a party or by which such Borrower or Guarantor or its or their
property are bound, and (iv) the aggregate amount of all payments for such repurchases in any calendar year shall not exceed $500,000; 
  

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 (i) Borrowers and Guarantors may make Restricted Payments for the purpose of
paying dividends and paying other distributions in respect of Capital Stock or the repurchase of Capital Stock, provided, that, (A) Borrower Agent shall have provided to Agent not less than ten (10) Business Days’ prior
written notice of the intention of such Borrower or Guarantor to pay such dividends or other distributions or make such other repurchases (specifying the amount to be paid by Borrowers or Guarantors), (B) for the two consecutive month period
immediately prior to the date of any payment in respect of such dividends or other distributions or repurchases, Excess Availability shall have been not less than $30,000,000, (C) Agent shall have received, not more than twenty
(20) Business Days prior to such payment and not less than five (5) Business Days prior to such payment, current, updated projections of the amount of the Borrowing Base and Excess Availability for the one month period after the date of
any payment in respect of such dividends, other distributions or repurchases, in a form reasonably satisfactory to Agent, representing Borrowers’ reasonable best estimate of the future Borrowing Base and Excess Availability for the period set
forth therein as of the date not more than ten (10) days prior to the date of the payment in respect of such dividend or other distributions, which projections shall have been prepared on the basis of the assumptions set forth therein which
Borrowers believe are fair and reasonable as of the date of preparation in light of current and reasonably foreseeable business conditions, (D) the amount of the Excess Availability as set forth in such projections for such one month period
shall be not less than $20,000,000, and (E) as of the date of any such payment and after giving effect thereto, no Default or Event of Default exists or has occurred and is continuing. 

9.12 Transactions with Affiliates. Each Borrower and Guarantor shall not, and shall not permit any Subsidiary, directly or
indirectly, to sell, lease or otherwise transfer any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates, except:
(a) transactions in the ordinary course of business that do not involve Parent and are at prices and on terms no less favorable to such Borrower or Guarantor than could be obtained on an arm’s-length basis from unrelated third parties or
are otherwise permitted under Section 9.9(i) hereof, (b) transactions between and among Operating and the other Borrowers and Guarantors not involving any other Affiliate, and (c) any Restricted Payment permitted by Section 9.11.

 9.13 Compliance with ERISA. Each Borrower and Guarantor shall, and shall cause each of its ERISA Affiliates, to:
(a) maintain each Plan in compliance in all material respects with the applicable provisions of ERISA, the Code and other Federal and State law; (b) cause each Plan which is qualified under Section 401 (a) of the Code to maintain
such qualification; (c) not terminate any of such Plans so as to incur any liability to the Pension Benefit Guaranty Corporation that would have a Material Adverse Effect; (d) not allow or suffer to exist any prohibited transaction
involving any of such Plans or any trust created thereunder which would subject such Borrower, Guarantor or such ERISA Affiliate to a material tax or penalty or other material liability on prohibited transactions imposed under Section 4975 of
the Code or ERISA; (e) make all required contributions to any Plan which it is obligated to pay under Section 302 of ERISA, Section 412 of the Code or the terms of such Plan; (f) not allow or suffer to exist any accumulated
funding deficiency, whether or not waived, with respect to any such Plan; or (g) 
  

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allow or suffer to exist any occurrence of a reportable event or any other event or condition which presents a material risk of termination by the Pension Benefit Guaranty Corporation of any such
Plan that is a single employer plan, which termination could result in any liability in excess of $5,000,000. 
 9.14 End of
Fiscal Years; Fiscal Quarters. Each Borrower and Guarantor shall, for financial reporting purposes, cause its, and each of its Subsidiaries’ (a) fiscal years to end on the Saturday closest to January 31st of each year and
(b) fiscal quarters to end on or around each of April 30th, July 31st, October 31st, and January 31st of each year. 

9.15 Credit Card Agreements. Each Borrower shall (a) observe and perform all material terms, covenants, conditions and
provisions of the Credit Card Agreements to be observed and performed by it at the times set forth therein; and (b) at all times maintain in full force and effect the Credit Card Agreements and not terminate, cancel, surrender, modify, amend,
waive or release any of the Credit Card Agreements, or consent to or permit to occur any of the foregoing; except, that, (i) any Borrower may terminate or cancel any of the Credit Card Agreements in the ordinary course of the business of such
Borrower; provided, that, such Borrower shall give Agent not less than fifteen (15) days prior written notice of its intention to so terminate or cancel any of the Credit Card Agreements; (d) not enter into any new Credit
Card Agreements with any new Credit Card Issuer unless (i) Agent shall have received not less than thirty (30) days prior written notice of the intention of such Borrower to enter into such agreement (together with such other information
with respect thereto as Agent may request) and (ii) such Borrower delivers, or causes to be delivered to Agent, a Credit Card Acknowledgment in favor of Agent, (e) give Agent immediate written notice of any Credit Card Agreement entered
into by such Borrower after the date hereof, together with a true, correct and complete copy thereof and such other information with respect thereto as Agent may request; and (f) furnish to Agent, promptly upon the request of Agent, such
information and evidence as Agent may require from time to time concerning the observance, performance and compliance by such Borrower or the other party or parties thereto with the terms, covenants or provisions of the Credit Card Agreements.

 9.16 Changes in Business. Each Borrower and Guarantor shall not engage in any business other than the business of such
Borrower or Guarantor on the date hereof and any business reasonably related, ancillary or complimentary to the business in which such Borrower or Guarantor is engaged on the date hereof. Operating does and shall continue to fund the payments under
the Letter of Credit Accommodations and issue checks and other payments for the purchase of substantially all of the Inventory for which the other Borrowers shall repay Operating on a regular basis in a manner consistent with the current practices
of Borrowers as of the date hereof. 
 9.17 Limitation of Restrictions Affecting Subsidiaries. Each Borrower and
Guarantor shall not, directly, or indirectly, create or otherwise cause or suffer to exist any encumbrance or restriction which prohibits or limits the ability of any Subsidiary of such Borrower or Guarantor to (a) pay dividends or make other
distributions or pay any Indebtedness owed to such Borrower or Guarantor or any Subsidiary of such Borrower or Guarantor; (b) make loans or advances to such Borrower or Guarantor or any Subsidiary of such Borrower or Guarantor,
(c) transfer any of its properties or assets to such Borrower or Guarantor or any Subsidiary of such Borrower or Guarantor; or (d) create, incur, assume or suffer to exist any lien upon any of its property, assets

  

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or revenues, whether now owned or hereafter acquired, other than encumbrances and restrictions arising under (i) applicable law, (ii) this Agreement, (iii) customary provisions
restricting subletting or assignment of any lease governing a leasehold interest of such Borrower or Guarantor or any Subsidiary of such Borrower or Guarantor, (iv) customary restrictions on dispositions of real property interests found in
reciprocal easement agreements of such Borrower or Guarantor or any Subsidiary of such Borrower or Guarantor, (v) any agreement relating to permitted Indebtedness incurred by a Subsidiary of such Borrower or Guarantor prior to the date on which
such Subsidiary was acquired by such Borrower or such Guarantor and outstanding on such acquisition date, and (vi) the extension or continuation of contractual obligations in existence on the date hereof; provided, that, any such
encumbrances or restrictions contained in such extension or continuation are no less favorable to Agent and Lenders than those encumbrances and restrictions under or pursuant to the contractual obligations so extended or continued. 

9.18 Fixed Interest Charge Coverage Ratio. At any time that Excess Availability is less than $20,000,000, the Fixed Interest
Charge Coverage Ratio of Operating and its Subsidiaries (on a consolidated basis) for the immediately preceding twelve (12) consecutive fiscal months (treated as a single account period) ending on the last day of the most recent fiscal month for
which financial statements of Operating and its Subsidiaries have been received by Agent pursuant to Section 9.6(a) shall be not less than 1.10 to 1.00 with respect to such period. 

9.19 Capital Expenditures. 

(a) Subject to the terms of Section 9.19(b) below, Borrowers and Guarantors shall not permit the aggregate amount of
all Capital Expenditures of Borrowers and Guarantors during the fiscal year of Borrowers and Guarantors ending on or about: 

(i) January 31, 2005, to exceed $ 15,000,000; 

(ii) January 31, 2006, to exceed the greater of (A) the amount equal to: (1) $40,000,000 as reduced by the
amount by which the EBITDA of Operating and its Subsidiaries for the fiscal year ending January 31, 2005 as set forth in the audited year-end financial statements for such period is less than $75,000,000 or (B) $25,000,000; 

(iii) January 31, 2007, to exceed the greater of (A) the amount equal to: (1) $50,000,000 as reduced by the
amount by which the EBITDA of Operating and its Subsidiaries for the fiscal year ending January 31, 2006 as set forth in the audited year-end financial statements for such period is less than $85,000,000 or (B) $25,000,000; 

(iv) January 31, 2008, to exceed the greater of (A) the amount equal to: (1) $60,000,000 as reduced by the
amount by which the EBITDA of Operating and its Subsidiaries for the fiscal year ending January 31, 2007 as set forth in the audited year-end financial statements for such period is less than $95,000,000 or (B) $25,000,000; 

(v) January 31, 2009, to exceed the greater of (A) the amount equal to: (1) $70,000,000 as reduced by the
amount by which the EBITDA of Operating and its Subsidiaries for the fiscal year ending January 31, 2008 as set forth in the audited year-end financial statements for such period is less than $105,000,000 or (B) $25,000,000; 

 

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 (vi) January 31, 2010, to exceed the greater of (A) the amount
equal to: (1) $80,000,000 as reduced by the amount by which the EBITDA of Operating and its Subsidiaries for the fiscal year ending January 31, 2009 as set forth in the audited year-end financial statements for such period is less than
$115,000,000 or (B) $25,000,000. 
 (b) To the extent that the actual amount of Capital Expenditures in any
fiscal year shall be less than the amount otherwise permitted hereunder for such fiscal year, Capital Expenditures may be made in the immediately subsequent fiscal year in the amount of up to $10,000,000 of such excess, in addition to the amount
otherwise permitted hereunder for such subsequent fiscal year. 
 9.20 License Agreements. 

(a) With respect to a License Agreement applicable to Intellectual Property that is owned by a third party and licensed to
a Borrower or Guarantor and that is affixed to or otherwise used in connection with the manufacture, sale or distribution of any Inventory, each Borrower and Guarantor shall (i) give Agent not less than ninety (90) days prior written
notice of its intention to not renew or to terminate, cancel, surrender or release its rights under any such License Agreement, or to amend any such License Agreement or related arrangements to limit the scope of the right of such Borrower or
Guarantor to use the Intellectual Property subject to such License Agreement, either with respect to product, territory, term or otherwise, or to increase the amounts to be paid by such Borrower or Guarantor thereunder or in connection therewith
(and Agent may establish such Reserves as a result of any of the foregoing as Agent may reasonably determine), (ii) give Agent prompt written notice of any such License Agreement entered into by such Borrower or Guarantor after the date hereof,
or any material amendment to any such License Agreement existing on the date hereof, in each case together with a true, correct and complete copy thereof and such other information with respect thereto as Agent may in good request, (iii) give
Agent prompt written notice of any material breach of any obligation, or any default, by the third party that is the licensor or by the Borrower or Guarantor that is the licensee or any other party under any such License Agreement, and deliver to
Agent (promptly upon the receipt thereof by such Borrower or Guarantor in the case of a notice to such Borrower or Guarantor and concurrently with the sending thereof in the case of a notice from such Borrower or Guarantor) a copy of each notice of
default and any other notice received or delivered by such Borrower or Guarantor in connection with any such a License Agreement that relates to the scope of the right, or the continuation of the right, of such Borrower or Guarantor to use the
Intellectual Property subject to such License Agreement or the amounts required to be paid thereunder. 
 (b)
With respect to a License Agreement applicable to Intellectual Property that is owned by a third party and licensed to a Borrower or Guarantor and that is affixed to or otherwise used in connection with the manufacture, sale or distribution of any
Inventory, at any time an Event of Default shall exist or have occurred and be continuing or if after giving effect to any Reserves, or the reduction in the applicable Borrowing Base as a result of Eligible Inventory using such licensed Intellectual
Property ceasing to be Eligible Inventory, Agent shall have, and is hereby granted, the irrevocable right and authority, at its option, to renew or extend the term of such License Agreement, whether in its own name and behalf, or in the name and
behalf of a designee or nominee of Agent or in the name and behalf of such Borrower or Guarantor, subject 
  

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to and in accordance with the terms of such License Agreement. Agent may, but shall not be required to, perform any or all of such obligations of such Borrower or Guarantor under any of the
License Agreements, including, but not limited to, the payment of any or all sums due from such Borrower or Guarantor thereunder. Any sums so paid by Agent shall constitute part of the Obligations. 

9.21 After Acquired Real Property. If any Borrower or Guarantor hereafter acquires any Real Property, fixtures or any other
property that is of the kind or nature described in the Mortgages and such Real Property, fixtures or other property is adjacent to, contiguous with or necessary or related to or used in connection with any Real Property then subject to a Mortgage,
or if such Real Property is not adjacent to, contiguous with or related to or used in connection with such Real Property, then if such Real Property, fixtures or other property at any location (or series of adjacent, contiguous or related locations,
and regardless of the number of parcels) has a fair market value in an amount equal to or greater than $1,000,000 (or if an Event of Default exists, then regardless of the fair market value of such assets), without limiting any other rights of Agent
or any Lender, or duties or obligations of any Borrower or Guarantor, promptly upon Agent’s request, such Borrower or Guarantor shall execute and deliver to Agent a mortgage, deed of trust or deed to secure debt, as Agent may determine, in form
and substance substantially similar to the Mortgages and as to any provisions relating to specific state laws satisfactory to Agent and in form appropriate for recording in the real estate records of the jurisdiction in which such Real Property or
other property is located granting to Agent a first and only lien and mortgage on and security interest in such Real Property, fixtures or other property (except as such Borrower or Guarantor would otherwise be permitted to incur hereunder or under
the Mortgages or as otherwise consented to in writing by Agent) and such other agreements, documents and instruments as Agent may require in connection therewith provided, that, as to any such Real Property that is not adjacent,
contiguous or related to Real Property then subject to a Mortgage, if the purchase price for such Real Property is paid with the initial proceeds of a loan from a financial institution giving rise to Indebtedness permitted under Section 9.9(b)
hereof, then such Borrower or Guarantor shall not be required to execute and deliver such mortgage, deed of trust or deed to secure debt in favor of Agent with respect to such Real Property. 

9.22 Costs and Expenses. Borrowers and Guarantors shall pay to Agent on demand all costs, expenses, filing fees and taxes paid or
payable in connection with the preparation, negotiation, execution, delivery, recording, administration, collection, liquidation, enforcement and defense of the Obligations, Agent’s rights in the Collateral, this Agreement, the other Financing
Agreements and all other documents related hereto or thereto, including any amendments, supplements or consents which may hereafter be contemplated (whether or not executed) or entered into in respect hereof and thereof, including: (a) all
out-of-pocket costs and expenses of filing or recording (including Uniform Commercial Code financing statement filing taxes and fees, documentary taxes, intangibles taxes and mortgage recording taxes and fees, if applicable); (b) out-of-pocket
costs and expenses and fees for insurance premiums, environmental audits, title insurance premiums, surveys, assessments, engineering reports and inspections, appraisal fees and search fees, costs and expenses of remitting loan proceeds, collecting
checks and other items of payment, and establishing and maintaining the Blocked Accounts, together with Agent’s customary charges and fees with respect thereto; (c) charges, fees or expenses charged by any bank or issuer in connection with
the Letter of Credit 
  

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Accommodations; (d) costs and expenses of preserving and protecting the Collateral; (e) costs and expenses paid or incurred in connection with obtaining payment of the Obligations,
enforcing the security interests and liens of Agent, selling or otherwise realizing upon the Collateral, and otherwise enforcing the provisions of this Agreement and the other Financing Agreements or defending any claims made or threatened against
Agent or any Lender arising out of the transactions contemplated hereby and thereby (including preparations for and consultations concerning any such matters); (f) all out-of-pocket expenses and costs heretofore and from time to time hereafter
incurred by Agent during the course of periodic field examinations of the Collateral and such Borrower’s or Guarantor’s operations, plus a per diem charge at Agent’s then standard rate for Agent’s examiners in the field and
office (which rate as of the date hereof is $850 per person per day), provided that periodic field examinations will be limited to two in any twelve (12) consecutive month period unless (i) Excess Availability is less than
$30,000,000, in which case, Agent shall be entitled to conduct a third field examination, and (ii) if an Event of Default shall have occurred and be continuing, there shall be no restriction on field examinations; and (g) the reasonable
fees and disbursements of counsel (including legal assistants) to Agent in connection with any of the foregoing. 
 9.23
Further Assurances. At the request of Agent at any time and from time to time, Borrowers and Guarantors shall, at their expense, duly execute and deliver, or cause to be duly executed and delivered, such further agreements, documents and
instruments, and do or cause to be done such further acts as may be necessary or proper to evidence, perfect, maintain and enforce the security interests and the priority thereof in the Collateral and to otherwise effectuate the provisions or
purposes of this Agreement or any of the other Financing Agreements. Agent may at any time and from time to time request a certificate from an officer of any Borrower or Guarantor representing that all conditions precedent to the making of Revolving
Loans and providing Letter of Credit Accommodations contained herein are satisfied. In the event of such request by Agent, Agent and Lenders may, at Agent’s option, cease to make any further Revolving Loans or provide any further Letter of
Credit Accommodations until Agent has received such certificate and, in addition, Agent has determined that such conditions are satisfied. 

9.24 Minimum Excess Availability. Operating and its Subsidiaries (on a consolidated basis) shall maintain Excess Availability at
all times in excess of $5,000,000. 
 9.25 Black Canyon Closing. 

(a) On or prior to the Black Canyon Closing Date, the Black Canyon Credit Agreement shall have been duly authorized,
issued and delivered by Operating, and the transactions contemplated thereunder shall have been performed in accordance with their terms by the respective parties thereto in all respects to the extent to be performed thereunder on or before the
Black Canyon Closing Date, including the fulfillment (or the waiver) of all conditions precedent set forth therein. 

(b) On or prior to the Black Canyon Closing Date, all actions and proceedings required by the Black Canyon Documents,
applicable law or regulations, including, without limitation, all Securities Laws, shall have been taken in all material respects, and the transactions required thereunder shall have been (or will be when required to under the Black Canyon Documents
or applicable law) duly and validly taken and consummated. 
  

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 (c) Borrowers shall provide written notice to Agent of the Black Canyon
Closing Date on such date. 
 (d) The Black Canyon Closing Date shall occur on or about December 23, 2004
and Borrowers and Guarantors shall have received the proceeds of the initial loans under the Black Canyon Credit Agreement on or about such date. 

SECTION 10. EVENTS OF DEFAULT AND REMEDIES 

10.1 Events of Default. The occurrence or existence of any one or more of the following events are referred to herein individually
as an “Event of Default”, and collectively as “Events of Default”: 
 (a) (i) any Borrower
fails to pay any of the Obligations when due or (ii) any Borrower or Obligor fails to perform any of the covenants contained in Sections 7.1(a)(i), 7.1(a)(ii) or 7.1(a)(iii) of this Agreement and such failure shall continue for ten
(10) days or Sections 9.2, 9.3, 9.4, 9.6(a), 9.6(c), 9.13, 9.14, 9.16 and 9.17 of this Agreement or any covenants contained in any of the Financing Agreements other than any note, guarantee, security agreement, mortgage or deed of trust and
such failure shall continue for fifteen (15) days; provided, that, such five (5) day period or ten (10) day period, as applicable, shall not apply in the case of: (A) any failure to observe any such covenant which
is not capable of being cured at all or within such ten (10) or fifteen (15) day period, as applicable, or which in the case of a failure to perform any covenant contained in Sections 7.1(a)(i), 7.1(a)(ii) or 7.1(a)(iii) has been the
subject of two (2) prior failures within a calendar year or, in the case of a failure to perform any of the other covenants set forth in this clause (a)(ii) has been the subject of a prior failure within a six (6) month period or
(B) an intentional breach by any Borrower or Obligor of any such covenant or (iii) any Borrower or Obligor fails to perform any of the terms, covenants, conditions or provisions contained in this Agreement or any of the other Financing
Agreements other than those described in Sections 10.1(a)(i) and 10.1(a)(ii) above; 
 (b) any representation,
warranty or statement of fact made by any Borrower or Guarantor to Agent in this Agreement, the other Financing Agreements shall when made or deemed made be false or misleading in any material respect; 

(c) any Obligor revokes or terminates or purports to revoke or terminate or fails to perform any of the terms, covenants,
conditions or provisions of any guarantee, endorsement or other agreement of such party in favor of Agent or any Lender; 

(d) any judgment for the payment of money is rendered against any Borrower or Obligor in excess of $7,500,000 in any one
case or in excess of $10,000,000 in the aggregate outstanding at any time (to the extent not covered by insurance where the insurer has assumed responsibility in writing for such judgment) and shall remain undischarged and unvacated for a period in
excess of sixty (60) days or execution shall at any time not be effectively stayed, or any judgment other than for the payment of money, or injunction, attachment, garnishment or execution is rendered against any Borrower or Obligor that has or
is reasonably likely to have a Material Adverse Effect or any of the Collateral having a value in excess of $7,000,000 and shall remain undischarged and unvacated for a period in excess of sixty (60) days; 

 

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 (e) any Obligor (being a natural person or a general partner of an Obligor
which is a partnership) dies or any Borrower or Obligor, which is a partnership, limited liability company, limited liability partnership or a corporation, dissolves or suspends or discontinues doing business; 

(f) any Borrower or Obligor makes an assignment for the benefit of creditors, makes or sends notice of a bulk transfer;

 (g) a case or proceeding under the bankruptcy laws of the United States of America now or hereafter in effect
or under any insolvency, reorganization, receivership, readjustment of debt, dissolution or liquidation law or statute of any jurisdiction now or hereafter in effect (whether at law or in equity) is filed against any Borrower or Obligor or all or
any part of its properties and such petition or application is not dismissed or vacated within sixty (60) days after the date of its filing or any Borrower or Obligor shall file any answer admitting or not contesting such petition or
application or indicates its consent to, acquiescence in or approval of, any such action or proceeding or the relief requested is granted sooner; 

(h) a case or proceeding under the bankruptcy laws of the United States of America now or hereafter in effect or under any
insolvency, reorganization, receivership, readjustment of debt, dissolution or liquidation law or statute of any jurisdiction now or hereafter in effect (whether at a law or equity) is filed by any Borrower or Obligor or for all or any part of its
property; 
 (i) any default by any Borrower or any Obligor under any agreement, document or instrument relating
to any Indebtedness owing to any person other than Lenders, or any capitalized lease obligations, contingent indebtedness in connection with any guarantee, letter of credit, indemnity or similar type of instrument in favor of any person other than
Lenders, in any case in an amount in excess of $5,000,000, which default continues for more than the applicable cure period, if any, with respect thereto, or any default by any Borrower or any Obligor under any Material Contract (including, without
limitation, any of the Credit Card Agreements), which default continues for more than the applicable cure period, if any, with respect thereto which default has or could reasonably be expected to have a Material Adverse Effect, or any Credit Card
Issuer or Credit Card Processor (other than with a Credit Card Issuer or Credit Card Processor where the sales using the applicable card are less than ten (10%) percent of all such sales in the immediately preceding fiscal year) withholds
payment of amounts otherwise payable to a Borrower to fund a reserve account or otherwise hold as collateral, or shall require a Borrower to pay funds into a reserve account or for such Credit Card Issuer or Credit Card Processor to otherwise hold
as collateral, or any Borrower shall provide a letter of credit, guarantee, indemnity or similar instrument to or in favor of such Credit Card Issuer or Credit Card Processor such that in the aggregate all of such funds in the reserve account, other
amounts held as collateral and the amount of such letters of credit, guarantees, indemnities or similar instruments shall exceed $2,000,000 or any such Credit Card Issuer or Credit Card Processor shall debit or deduct any amounts in excess of
$50,000 in the aggregate in any fiscal year of Borrowers and Guarantors from any deposit account of any Borrower; 
  

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 (j) any Credit Card Issuer or Credit Card Processor shall send written
notice to any Borrower that it is ceasing to make or suspending payments to any Borrower of amounts due or to become due to any Borrower or shall cease or suspend such payments, or shall send written notice to any Borrower that it is terminating its
arrangements with any Borrower or such arrangements shall terminate as a result of any event of default under such arrangements, which continues for more than the applicable cure period, if any, with respect thereto, unless such Borrower shall have
entered into arrangements with another Credit Card Issuer or Credit Card Processor, as the case may be, within sixty (60) days after the date of any such notice; 

(k) any material provision hereof or of any of the other Financing Agreements shall for any reason cease to be valid,
binding and enforceable with respect to any party hereto or thereto (other than Agent) in accordance with its terms, or any such party shall challenge the enforceability hereof or thereof, or shall assert in writing, or take any action or fail to
take any action based on the assertion that any provision hereof or of any of the other Financing Agreements has ceased to be or is otherwise not valid, binding or enforceable in accordance with its terms, or any security interest provided for
herein or in any of the other Financing Agreements shall cease to be a valid and perfected first priority security interest in any of the Collateral purported to be subject thereto (except as otherwise permitted herein or therein); 

(l) an ERISA Event shall occur which results in or could reasonably be expected to result in liability of any Borrower in
an aggregate amount in excess of $5,000,000; 
 (m) any Change of Control; 

(n) the indictment by any Governmental Authority, or as Agent may reasonably and in good faith determine, the threatened
indictment by any Governmental Authority of any Borrower or Obligor of which any Borrower, Obligor or Agent receives notice, in either case, as to which there is a reasonable possibility of an adverse determination, in the good faith determination
of Agent, under any criminal statute, or commencement or threatened commencement of criminal or civil proceedings against such Borrower or Obligor, pursuant to which statute or proceedings the penalties or remedies sought or available include
forfeiture of (i) any of the Collateral having a value in excess of $5,000,000 or (ii) any other property of any Borrower or Guarantor which is necessary or material to the conduct of its business; or 

(o) there shall be a Material Adverse Effect (it being understood that this Section 10.1(p) shall not constitute a
limitation upon the dollar threshold amounts set forth in Section 10.1(d) hereof). 
 10.2 Remedies. 

(a) At any time an Event of Default exists or has occurred and is continuing, Agent and Lenders shall have all rights and
remedies provided in this Agreement, the other Financing Agreements, the UCC and other applicable law, all of which rights and remedies may be exercised without notice to or consent by any Borrower or Obligor, except as such notice or consent is
expressly provided for hereunder or required by applicable law. All rights, remedies and powers granted to Agent and Lenders hereunder, under any of the other Financing Agreements, the UCC or other applicable law, are cumulative, not exclusive and
enforceable, in 
  

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Agent’s discretion, alternatively, successively, or concurrently on any one or more occasions, and shall include, without limitation, the right to apply to a court of equity for an
injunction to restrain a breach or threatened breach by any Borrower or Obligor of this Agreement or any of the other Financing Agreements. Subject to Section 12 hereof, Agent may, and at the direction of the Required Lenders shall, at any time
or times, proceed directly against any Borrower or Obligor to collect the Obligations without prior recourse to the Collateral. 

(b) Without limiting the foregoing, at any time an Event of Default exists or has occurred and is continuing, Agent may,
in its discretion, and upon the direction of the Required Lenders, shall (i) accelerate the payment of all Obligations and demand immediate payment thereof to Agent for itself and the ratable benefit of Lenders (provided, that,
upon the occurrence of any Event of Default described in Sections 10.1(g) and 10.1(h), all Obligations shall automatically become immediately due and payable), (ii) with or without judicial process or the aid or assistance of others, enter
upon any premises on or in which any of the Collateral may be located and take possession of the Collateral or complete processing, manufacturing and repair of all or any portion of the Collateral, (iii) require any Borrower or Obligor, at
Borrowers’ expense, to assemble and make available to Agent any part or all of the Collateral at any place and time designated by Agent, (iv) collect, foreclose, receive, appropriate, setoff and realize upon any and all Collateral,
(v) remove any or all of the Collateral from any premises on or in which the same may be located for the purpose of effecting the sale, foreclosure or other disposition thereof or for any other purpose, (vi) sell, lease, transfer, assign,
deliver or otherwise dispose of any and all Collateral (including entering into contracts with respect thereto, public or private sales at any exchange, broker’s board, at any office of Agent or elsewhere) at such prices or terms as Agent may
deem reasonable, for cash, upon credit or for future delivery, with the Agent having the right to purchase the whole or any part of the Collateral at any such public sale, all of the foregoing being free from any right or equity of redemption of any
Borrower or Obligor, which right or equity of redemption is hereby expressly waived and released by Borrowers and Obligors and/or (vii) terminate this Agreement. If any of the Collateral is sold or leased by Agent upon credit terms or for
future delivery, the Obligations shall not be reduced as a result thereof until payment therefor is finally collected by Agent. If notice of disposition of Collateral is required by law, ten (10) days prior notice by Agent to Borrower Agent
designating the time and place of any public sale or the time after which any private sale or other intended disposition of Collateral is to be made, shall be deemed to be reasonable notice thereof and Borrowers and Obligors waive any other notice.
In the event Agent institutes an action to recover any Collateral or seeks recovery of any Collateral by way of prejudgment remedy, each Borrower and Obligor waives the posting of any bond which might otherwise be required. At any time an Event of
Default exists or has occurred and is continuing, upon Agent’s request, Borrowers will either, as Agent shall specify, furnish cash collateral to the issuer to be used to secure and fund Agent’s reimbursement obligations to the issuer in
connection with any Letter of Credit Accommodations or furnish cash collateral to Agent for the Letter of Credit Accommodations. Such cash collateral shall be in the amount equal to one hundred ten (110%) percent of the amount of the Letter of
Credit Accommodations plus the amount of any fees and expenses payable in connection therewith through the end of the latest expiration date of such Letter of Credit Accommodations. 

 

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 (c) At any time or times that an Event of Default exists or has occurred and
is continuing, Agent may, in its discretion, and upon the direction of the Required Lenders, Agent shall, enforce the rights of any Borrower or Obligor against any account debtor, secondary obligor or other obligor in respect of any of the Accounts
or other Receivables. Without limiting the generality of the foregoing, Agent may, in its discretion, and upon the direction of the Required Lenders, Agent shall, at such time or times (i) notify any or all account debtors (including Credit
Card Issuers and Credit Card Processors), secondary obligors or other obligors in respect thereof that the Receivables have been assigned to Agent and that Agent has a security interest therein and Agent may direct any or all accounts debtors
(including Credit Card Issuers and Credit Card Processors), secondary obligors and other obligors to make payment of Receivables directly to Agent, (ii) extend the time of payment of, compromise, settle or adjust for cash, credit, return of
merchandise or otherwise, and upon any terms or conditions, any and all Receivables or other obligations included in the Collateral and thereby discharge or release the account debtor or any secondary obligors or other obligors in respect thereof
without affecting any of the Obligations, (iii) demand, collect or enforce payment of any Receivables or such other obligations, but without any duty to do so, and Agent and Lenders shall not be liable for any failure to collect or enforce the
payment thereof nor for the negligence of its agents or attorneys with respect thereto and (iv) take whatever other action Agent may deem necessary or desirable for the protection of its interests and the interests of Lenders. At any time that
an Event of Default exists or has occurred and is continuing, at Agent’s request, all invoices and statements sent to any account debtor shall state that the Accounts and such other obligations have been assigned to Agent and are payable
directly and only to Agent and Borrowers and Obligors shall deliver to Agent such originals of documents evidencing the sale and delivery of goods or the performance of services giving rise to any Accounts as Agent may require. In the event any
account debtor returns Inventory when an Event of Default exists or has occurred and is continuing, Borrowers shall, upon Agent’s request, hold the returned Inventory in trust for Agent, segregate all returned Inventory from all of its other
property, dispose of the returned Inventory solely according to Agent’s instructions, and not issue any credits, discounts or allowances with respect thereto without Agent’s prior written consent. 

(d) To the extent that applicable law imposes duties on Agent or any Lender to exercise remedies in a commercially
reasonable manner (which duties cannot be waived under such law), each Borrower and Guarantor acknowledges and agrees that it is not commercially unreasonable for Agent or any Lender (i) to fail to incur expenses reasonably deemed significant
by Agent or any Lender to prepare Collateral for disposition or otherwise to complete raw material or work in process into finished goods or other finished products for disposition, (ii) to fail to obtain third party consents for access to
Collateral to be disposed of, or to obtain or, if not required by other law, to fail to obtain consents of any Governmental Authority or other third party for the collection or disposition of Collateral to be collected or disposed of, (iii) to
fail to exercise collection remedies against account debtors, secondary obligors or other persons obligated on Collateral or to remove liens or encumbrances on or any adverse claims against Collateral, (iv) to exercise collection remedies
against account debtors and other persons obligated on Collateral directly or through the use of collection agencies and other collection specialists, (v) to advertise dispositions of Collateral through publications or media of general
circulation, whether or not the Collateral is of a specialized nature, (vi) to contact other persons, whether or not in the same business as any Borrower or Guarantor, for expressions of interest in acquiring all or any portion of the
Collateral, (vii) to hire one or more professional auctioneers to assist in the disposition of Collateral, whether or not the collateral is of a specialized nature, (viii) to dispose of Collateral by utilizing Internet sites that provide
for the auction of assets of the 
  

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types included in the Collateral or that have the reasonable capability of doing so, or that match buyers and sellers of assets, (ix) to dispose of assets in wholesale rather than retail
markets, (x) to disclaim disposition warranties, (xi) to purchase insurance or credit enhancements to insure Agent or Lenders against risks of loss, collection or disposition of Collateral or to provide to Agent or Lenders a guaranteed
return from the collection or disposition of Collateral, or (xii) to the extent deemed appropriate by Agent, to obtain the services of other brokers, investment bankers, consultants and other professionals to assist Agent in the collection or
disposition of any of the Collateral. Each Borrower and Guarantor acknowledges that the purpose of this Section is to provide non-exhaustive indications of what actions or omissions by Agent or any Lender would not be commercially unreasonable in
the exercise by Agent or any Lender of remedies against the Collateral and that other actions or omissions by Agent or any Lender shall not be deemed commercially unreasonable solely on account of not being indicated in this Section. Without
limitation of the foregoing, nothing contained in this Section shall be construed to grant any rights to any Borrower or Guarantor or to impose any duties on Agent or Lenders that would not have been granted or imposed by this Agreement or by
applicable law in the absence of this Section. 
 (e) For the purpose of enabling Agent to exercise the rights
and remedies hereunder, each Borrower and Obligor hereby grants to Agent, to the extent assignable, an irrevocable, non-exclusive license (exercisable at any time an Event of Default shall exist or have occurred and for so long as the same is
continuing) without payment of royalty or other compensation to any Borrower or Obligor, to use, assign, license or sublicense any of the trademarks, service-marks, trade names, business names, trade styles, designs, logos and other source of
business identifiers and other Intellectual Property and general intangibles now owned or hereafter acquired by any Borrower or Obligor, wherever the same maybe located, including in such license reasonable access to all media in which any of the
licensed items may be recorded or stored and to all computer programs used for the compilation or printout thereof, which license shall be provided for in, and subject to, the terms of the intercreditor agreement described in Section 9.8(o)
hereof on and after the incurrence of any Indebtedness permitted pursuant to Section 9.9(t) hereof. 

(f) Agent may apply the cash proceeds of Collateral actually received by Agent from any sale, lease, foreclosure or other
disposition of the Collateral to payment of the Obligations, in whole or in part and in such order as Agent may elect, whether or not then due. Borrowers and Guarantors shall remain liable to Agent and Lenders for the payment of any deficiency with
interest at the highest rate provided for herein and all costs and expenses of collection or enforcement, including attorneys’ fees and expenses. 

(g) Without limiting the foregoing, (i) upon the occurrence of a Default (other than a Default as a result of the
failure of any Borrower or Obligor to perform any of the covenants contained in Sections 7.1(a)(i), 7.1(a)(ii), 7.1(a)(iii), 9.6(a), 9.6(b) or 9.6(c) hereof) or an Event of Default, Agent and Lenders may, at Agent’s option, and upon the
occurrence of an Event of Default at the direction of the Required Lenders, Agent and Lenders shall, without notice, (A) cease making Revolving Loans or arranging for Letter of Credit Accommodations or reduce the lending formulas or amounts of
Revolving Loans and Letter of Credit Accommodations available to Borrowers and/or (B) terminate any provision of this Agreement providing for any future Revolving Loans or Letter of Credit Accommodations to be made by Agent and Lenders to
Borrowers and (ii) Agent may, at its option, establish such Reserves as Agent determines, without limitation or restriction, notwithstanding anything to the contrary contained herein. 

 

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 SECTION 11. JURY TRIAL WAIVER; OTHER WAIVERS AND CONSENTS; GOVERNING LAW 

11.1 Governing Law; Choice of Forum; Service of Process; Jury Trial Waiver. 

(a) The validity, interpretation and enforcement of this Agreement and the other Financing Agreements (other than the
Mortgages to the extent provided therein) and any dispute arising out of the relationship between the parties hereto, whether in contract, tort, equity or otherwise, shall be governed by the internal laws of the State of New York but excluding any
principles of conflicts of law or other rule of law that would cause the application of the law of any jurisdiction other than the laws of the State of New York. 

(b) Borrowers, Guarantors, Agent and Lenders irrevocably consent and submit to the non-exclusive jurisdiction of the
Supreme Court of the State of New York for New York County and the United States District Court for the Southern District of New York, whichever Agent may elect, and waive any objection based on venue or forum non conveniens
with respect to any action instituted therein arising under this Agreement or any of the other Financing Agreements or in any way connected with or related or incidental to the dealings of the parties hereto in respect of this Agreement or any of
the other Financing Agreements or the transactions related hereto or thereto, in each case whether now existing or hereafter arising, and whether in contract, tort, equity or otherwise, and agree that any dispute with respect to any such matters
shall be heard only in the courts described above (except that Agent and Lenders shall have the right to bring any action or proceeding against any Borrower or Guarantor or its or their property in the courts of any other jurisdiction which Agent
deems necessary or appropriate in order to realize on the Collateral or to otherwise enforce its rights against any Borrower or Guarantor or its or their property). 

(c) Each Borrower and Guarantor hereby waives personal service of any and all process upon it and consents that all such
service of process may be made by certified mail (return receipt requested) directed to its address set forth herein and service so made shall be deemed to be completed five (5) days after the same shall have been so deposited in the U.S.
mails, or, at Agent’s option, by service upon any Borrower or Guarantor (or Borrower Agent on behalf of such Borrower or Guarantor) in any other manner provided under the rules of any such courts. Within thirty (30) days after such
service, such Borrower or Guarantor shall appear in answer to such process, failing which such Borrower or Guarantor shall be deemed in default and judgment may be entered by Agent against such Borrower or Guarantor for the amount of the claim and
other relief requested. 
 (d) BORROWERS, GUARANTORS, AGENT AND LENDERS EACH HEREBY WAIVES ANY RIGHT TO TRIAL BY
JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER THIS AGREEMENT OR ANY OF THE OTHER FINANCING AGREEMENTS OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO IN

  

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RESPECT OF THIS AGREEMENT OR ANY OF THE OTHER FINANCING AGREEMENTS OR THE TRANSACTIONS RELATED HERETO OR THERETO IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT,
TORT, EQUITY OR OTHERWISE. BORROWERS, GUARANTORS, AGENT AND LENDERS EACH HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY AND THAT ANY BORROWER, ANY GUARANTOR, AGENT OR
ANY LENDER MAY FILE AN ORIGINAL COUNTERPART OF A COPY OF THIS AGREEMENT WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 

(e) Agent and Lenders shall not have any liability to any Borrower or Guarantor (whether in tort, contract, equity or
otherwise) for losses suffered by such Borrower or Guarantor in connection with, arising out of, or in any way related to the transactions or relationships contemplated by this Agreement, or any act, omission or event occurring in connection
herewith, unless it is determined by a final and non-appealable judgment or court order binding on Agent and such Lender, that the losses were the result of acts or omissions constituting gross negligence or willful misconduct. Each Borrower and
Guarantor: (i) certifies that neither Agent, any Lender nor any representative, agent or attorney acting for or on behalf of Agent or any Lender has represented, expressly or otherwise, that Agent and Lenders would not, in the event of
litigation, seek to enforce any of the waivers provided for in this Agreement or any of the other Financing Agreements and (ii) acknowledges that in entering into this Agreement and the other Financing Agreements, Agent and Lenders are relying
upon, among other things, the waivers and certifications set forth in this Section 11.1 and elsewhere herein and therein. 

11.2 Waiver of Notices. Each Borrower and Guarantor hereby expressly waives demand, presentment, protest and notice of protest and
notice of dishonor with respect to any and all instruments and chattel paper, included in or evidencing any of the Obligations or the Collateral, and any and all other demands and notices of any kind or nature whatsoever with respect to the
Obligations, the Collateral and this Agreement, except such as are expressly provided for herein. No notice to or demand on any Borrower or Guarantor which Agent or any Lender may elect to give shall entitle such Borrower or Guarantor to any other
or further notice or demand in the same, similar or other circumstances. 
 11.3 Amendments and Waivers. 

(a) Neither this Agreement nor any other Financing Agreement nor any terms hereof or thereof may be amended, waived,
discharged or terminated unless such amendment, waiver, discharge or termination is in writing signed by Agent and the Required Lenders or at Agent’s option, by Agent with the authorization of the Required Lenders, and as to amendments to any
of the Financing Agreements (other than with respect to any provision of Section 12 hereof), by any Borrower; except, that, no such amendment, waiver, discharge or termination shall: 

(i) reduce the interest rate or any fees or extend the time of payment of principal, interest or any fees or reduce the
principal amount of any Loan or Letter of Credit Accommodations, in each case without the consent of each Lender directly affected thereby, 
  

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 (ii) increase the Commitment of any Lender over the amount thereof then in
effect or provided hereunder, in each case without the consent of the Lender directly affected thereby, 
 (iii)
release any Collateral (except as expressly required hereunder or under any of the other Financing Agreements or applicable law and except as permitted under Section 12.1l(b) hereof), without the consent of Agent and all of Lenders, 

(iv) reduce any percentage specified in the definition of Required Lenders, without the consent of Agent and all of
Lenders, 
 (v) consent to the assignment or transfer by any Borrower or Guarantor of any of their rights and
obligations under this Agreement, without the consent of Agent and all of Lenders, 
 (vi) amend, modify or waive
any terms of this Section 11.3 hereof, without the consent of Agent and all of Lenders, or 
 (vii) increase
the advance rates constituting part of the Borrowing Base, without the consent of Agent and all of Lenders. 

(b) Agent and Lenders shall not, by any act, delay, omission or otherwise be deemed to have expressly or impliedly waived
any of its or their rights, powers and/or remedies unless such waiver shall be in writing and signed as provided herein. Any such waiver shall be enforceable only to the extent specifically set forth therein. A waiver by Agent or any Lender of any
right, power and/or remedy on any one occasion shall not be construed as a bar to or waiver of any such right, power and/or remedy which Agent or any Lender would otherwise have on any future occasion, whether similar in kind or otherwise.

 (c) Notwithstanding anything to the contrary contained in Section 11.3(a) above, in connection with any
amendment, waiver, discharge or termination, in the event that any Lender whose consent thereto is required shall fail to consent or fail to consent in a timely manner (such Lender being referred to herein as a “Non-Consenting Lender”),
but the consent of any other Lenders to such amendment, waiver, discharge or termination that is required are obtained, if any, then Congress shall have the right, but not the obligation, at any time thereafter, and upon the exercise by Congress of
such right, such Non-Consenting Lender shall have the obligation, to sell, assign and transfer to Congress or such Eligible Transferee as Congress may specify, the Commitment of such Non-Consenting Lender and all rights and interests of such
Non-Consenting Lender pursuant thereto. Congress shall provide the Non-Consenting Lender with prior written notice of its intent to exercise its right under this Section, which notice shall specify on date on which such purchase and sale shall
occur. Such purchase and sale shall be pursuant to the terms of an Assignment and Acceptance (whether or not executed by the Non-Consenting Lender), except that on the date of such purchase and sale, Congress, or such Eligible Transferee specified
by Congress, shall pay to the Non-Consenting Lender the amount equal to: (i) the principal balance of the Revolving Loans held by the Non-Consenting Lender outstanding as of the close of business on the business day immediately preceding the
effective date of such purchase and sale, plus (ii) amounts accrued and unpaid in respect of interest and fees payable to 

 

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the Non-Consenting Lender to the effective date of the purchase (but in no event shall the Non-Consenting Lender be deemed entitled to any early termination fee), minus (iii) the amount of
the closing fee received by the Non-Consenting Lender pursuant to the terms hereof or of any of the other Financing Agreements multiplied by the fraction, the numerator of which is the number of months remaining in the then current term of the
Credit Facility and the denominator of which is the number of months in the then current term thereof. Such purchase and sale shall be effective on the date of the payment of such amount to the Non-Consenting Lender and the Commitment of the
Non-Consenting Lender shall terminate on such date. 
 (d) The consent of Agent shall be required for any
amendment, waiver or consent affecting the rights or duties of Agent hereunder or under any of the other Financing Agreements, in addition to the consent of the Lenders otherwise required by this Section and the exercise by Agent of any of its
rights hereunder with respect to Reserves or Eligible Credit Card Receivables or Eligible Inventory shall not be deemed an amendment to the advance rates provided for in this Section 11.3. 

(e) The consent of Agent and any Lender, any Affiliate of any Lender or any other financial institution acceptable to
Agent, as the case may be, that is party to a Hedge Agreement at such time shall be required for any amendment to the priority of payment of Obligations arising under or pursuant to any Hedge Agreements of a Borrower or Guarantor as set forth in
Section 6.4(a) hereof. 
 11.4 Waiver of Counterclaims. Each Borrower and Guarantor waives all rights to interpose
any claims, deductions, setoffs or counterclaims of any nature (other then compulsory counterclaims) in any action or proceeding with respect to this Agreement, the Obligations, the Collateral or any matter arising therefrom or relating hereto or
thereto. 
 11.5 Indemnification. Each Borrower and Guarantor shall, jointly and severally, indemnify and hold Agent and
each Lender, and its officers, directors, agents, employees, advisors and counsel and their respective Affiliates (each such person being an “Indemnitee”), harmless from and against any and all losses, claims, damages, liabilities, costs
or expenses (including reasonable attorneys’ fees and expenses) imposed on, incurred by or asserted against any of them in connection with any litigation, investigation, claim or proceeding commenced or threatened related to the negotiation,
preparation, execution, delivery, enforcement, performance or administration of this Agreement, any other Financing Agreements, or any undertaking or proceeding related to any of the transactions contemplated hereby or any act, omission, event or
transaction related or attendant thereto, including amounts paid in settlement (but only after notice to Borrower Agent), court costs, and the reasonable fees and expenses of counsel except that Borrowers and Guarantors shall not have any obligation
under this Section 11.5 to indemnify an Indemnitee with respect to a matter covered hereby resulting from the gross negligence or wilful misconduct of such Indemnitee as determined pursuant to a final, non-appealable order of a court of
competent jurisdiction (but without limiting the obligations of Borrowers or Guarantors as to any other Indemnitee) or which is a liability for Taxes (to the extent that the indemnification for such Taxes is subject to Section 6.4 hereof). To
the extent that the undertaking to indemnify, pay and hold harmless set forth in this Section may be unenforceable because it violates any law or public policy, Borrowers and Guarantors shall pay the maximum portion which it is permitted to pay
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satisfaction of indemnified matters under this Section. To the extent permitted by applicable law, no Borrower or Guarantor shall assert, and each Borrower and Guarantor hereby waives, any claim
against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any of the other Financing
Agreements or any undertaking or transaction contemplated hereby. All amounts due under this Section shall be payable upon demand. The foregoing indemnity shall survive the payment of the Obligations and the termination or non-renewal of this
Agreement. 
 SECTION 12. THE AGENT 

12.1 Appointment Powers and Immunities. Each Lender irrevocably designates, appoints and authorizes Congress to act as Agent
hereunder and under the other Financing Agreements with such powers as are specifically delegated to Agent by the terms of this Agreement and of the other Financing Agreements, together with such other powers as are reasonably incidental thereto.
Agent (a) shall have no duties or responsibilities except those expressly set forth in this Agreement and in the other Financing Agreements, and shall not by reason of this Agreement or any other Financing Agreement be a trustee or fiduciary
for any Lender; (b) shall not be responsible to Lenders for any recitals, statements, representations or warranties contained in this Agreement or in any of the other Financing Agreements, or in any certificate or other document referred to or
provided for in, or received by any of them under, this Agreement or any other Financing Agreement, or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Financing Agreement or any other
document referred to or provided for herein or therein or for any failure by any Borrower or any Obligor or any other Person to perform any of its obligations hereunder or thereunder; and (c) shall not be responsible to Lenders for any action
taken or omitted to be taken by it hereunder or under any other Financing Agreement or under any other document or instrument referred to or provided for herein or therein or in connection herewith or therewith, except for its own gross negligence
or willful misconduct as determined by a final non-appealable judgment of a court of competent jurisdiction. Agent may employ agents and attorneys-in-fact and shall not be responsible for the negligence or misconduct of any such agents or
attorneys-in-fact selected by it in good faith. Agent may deem and treat the payee of any note as the holder thereof for all purposes hereof unless and until the assignment thereof pursuant to an agreement (if and to the extent permitted herein) in
form and substance satisfactory to Agent shall have been delivered to and acknowledged by Agent. Wachovia Capital Markets LLC is hereby designated as the sole lead arranger and sole bookrunner with respect to the Credit Facility, Wachovia Bank,
National Association is hereby designated as the administrative agent with respect to the Credit Facility and Bank of America, N.A. is hereby designated as the syndication agent. The designation of Wachovia Capital Markets LLC as sole lead arranger
and sole bookrunner, Wachovia Bank, National Association as administrative agent and Bank of America, N.A. as syndication agent shall not as to any of them create any rights in favor of it in such capacity nor subject it to any duties or obligations
in such capacity. 
 12.2 Reliance by Agent. Agent shall be entitled to rely upon any certification, notice or other
communication (including any thereof by telephone, telecopy, telex, telegram or cable) believed by it to be genuine and correct and to have been signed or sent by or on behalf of the proper Person or Persons, and upon advice and statements of legal
counsel, independent 
  

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accountants and other experts selected by Agent. As to any matters not expressly provided for by this Agreement or any other Financing Agreement, Agent shall in all cases be fully protected in
acting, or in refraining from acting, hereunder or thereunder in accordance with instructions given by the Required Lenders or all of Lenders as is required in such circumstance, and such instructions of such Agents and any action taken or failure
to act pursuant thereto shall be binding on all Lenders. 
 12.3 Events of Default. 

(a) Agent shall not be deemed to have knowledge or notice of the occurrence of a Default or an Event of Default or other
failure of a condition precedent to the Revolving Loans and Letter of Credit Accommodations hereunder, unless and until Agent has received written notice from a Lender, or a Borrower specifying such Event of Default or any unfulfilled condition
precedent, and stating that such notice is a “Notice of Default or Failure of Condition”. In the event that Agent receives such a Notice of Default or Failure of Condition, Agent shall give prompt notice thereof to the Lenders. Agent shall
(subject to Section 12.7) take such action with respect to any such Event of Default or failure of condition precedent as shall be directed by the Required Lenders; provided, that, unless and until Agent shall have received such
directions, Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to or by reason of such Event of Default or failure of condition precedent, as it shall deem advisable in the best interest of
Lenders. Without limiting the foregoing, and notwithstanding the existence or occurrence and continuance of an Event of Default or any other failure to satisfy any of the conditions precedent set forth in Section 4 of this Agreement to the
contrary, Agent may, but shall have no obligation to, continue to make Revolving Loans and issue or cause to be issued Letter of Credit Accommodations for the ratable account and risk of Lenders from time to time if Agent believes making such
Revolving Loans or issuing or causing to be issued such Letter of Credit Accommodations is in the best interests of Lenders. 

(b) Except with the prior written consent of Agent, no Lender may assert or exercise any enforcement right or remedy in
respect of the Revolving Loans, Letter of Credit Accommodations or other Obligations, as against any Borrower or Obligor or any of the Collateral or other property of any Borrower or Obligor. 

12.4 Congress in its Individual Capacity. With respect to its Commitment and the Revolving Loans made and Letter of Credit
Accommodations issued or caused to be issued by it (and any successor acting as Agent), so long as Congress shall be a Lender hereunder, it shall have the same rights and powers hereunder as any other Lender and may exercise the same as though it
were not acting as Agent, and the term “Lender” or “Lenders” shall, unless the context otherwise indicates, include Congress in its individual capacity as Lender hereunder. Congress (and any successor acting as Agent) and its
Affiliates may (without having to account therefor to any Lender) lend money to, make investments in and generally engage in any kind of business with Borrowers (and any of its Subsidiaries or Affiliates) as if it were not acting as Agent, and
Congress and its Affiliates may accept fees and other consideration from any Borrower or Guarantor and any of its Subsidiaries and Affiliates for services in connection with this Agreement or otherwise without having to account for the same to
Lenders. 
  

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 12.5 Indemnification. Lenders agree to indemnify Agent (to the extent not reimbursed
by Borrowers hereunder and without limiting any obligations of Borrowers hereunder) ratably, in accordance with their Pro Rata Shares, for any and all claims of any kind and nature whatsoever that may be imposed on, incurred by or asserted against
Agent (including by any Lender) arising out of or by reason of any investigation in or in any way relating to or arising out of this Agreement or any other Financing Agreement or any other documents contemplated by or referred to herein or therein
or the transactions contemplated hereby or thereby (including the costs and expenses that Agent is obligated to pay hereunder) or the enforcement of any of the terms hereof or thereof or of any such other documents, provided, that, no
Lender shall be liable for any of the foregoing to the extent it arises from the gross negligence or willful misconduct of the party to be indemnified as determined by a final non-appealable judgment of a court of competent jurisdiction. The
foregoing indemnity shall survive the payment of the Obligations and the termination or non-renewal of this Agreement. 
 12.6
Non-Reliance on Agent and Other Lenders. Each Lender agrees that it has, independently and without reliance on Agent or other Lender, and based on such documents and information as it has deemed appropriate, made its own credit analysis of
Borrowers and Obligors and has made its own decision to enter into this Agreement and that it will, independently and without reliance upon Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the
time, continue to make its own analysis and decisions in taking or not taking action under this Agreement or any of the other Financing Agreements. Agent shall not be required to keep itself informed as to the performance or observance by any
Borrower or Obligor of any term or provision of this Agreement or any of the other Financing Agreements or any other document referred to or provided for herein or therein or to inspect the properties or books of any Borrower or Obligor. Agent will
use reasonable efforts to provide Lenders with any information received by Agent from any Borrower or Obligor which is required to be provided to Lenders hereunder or deemed to be requested by Lenders hereunder and with a copy of any Notice of
Default or Failure of Condition received by Agent from any Borrower or any Lender; provided, that, Agent shall not be liable to any Lender for any failure to do so, except to the extent that such failure is attributable to Agent’s
own gross negligence or willful misconduct as determined by a final non-appealable judgment of a court of competent jurisdiction. Except for notices, reports and other documents expressly required to be furnished to Lenders by Agent hereunder, Agent
shall not have any duty or responsibility to provide any Lender with any other credit or other information concerning the affairs, financial condition or business of any Borrower or Obligor that may come into the possession of Agent. 

12.7 Failing to Act. Except for action expressly required of Agent hereunder and under the other Financing- Agreements, Agent
shall in all cases be fully justified in failing or refusing to act hereunder and thereunder unless it shall receive further assurances to its satisfaction from Lenders of their indemnification obligations under Section 12.5 hereof against any
and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action. 
 12.8
Additional Loans. Agent shall not make any Revolving Loans intentionally and with actual knowledge that such Revolving Loans would cause the aggregate amount of the total outstanding Revolving Loans to exceed the Borrowing Base or make any
Revolving Loans or 
  

 124 

 
provide any Letter of Credit Accommodations intentionally and with actual knowledge that such Revolving Loans or Letter of Credit Accommodations would cause the aggregate amount of the total
outstanding Revolving Loans and Letter of Credit Accommodations to exceed the Borrowing Base, without the prior consent of all Lenders, except, that, Agent may make such additional Revolving Loans intentionally and with actual
knowledge that such Revolving Loans will cause the total outstanding Revolving Loans to exceed the Borrowing Base and Agent may make such additional Revolving Loans and provide such additional Letter of Credit Accommodations on behalf of Lenders,
intentionally and with actual knowledge that such Revolving Loans or Letter of Credit Accommodations will cause the total outstanding Revolving Loans and Letter of Credit Accommodations to exceed the Borrowing Base, as Agent may deem necessary or
advisable in its discretion, provided, that: (a) the total principal amount of the additional Revolving Loans which Agent may make after obtaining actual knowledge that the aggregate principal amount of the Revolving Loans equal
or exceed the Borrowing Base and the additional Revolving Loans and additional Letter of Credit Accommodations which Agent may make or provide after obtaining such actual knowledge that the aggregate principal amount of the Revolving Loans and
Letter of Credit Accommodations equal or exceed the Borrowing Base, plus the amount of Special Agent Advances made pursuant to Section 12.11(a)(ii) hereof then outstanding, shall not exceed the aggregate amount equal to the lesser of
$10,000,000 or ten (10%) percent of the Maximum Credit outstanding at any time and shall not cause the total principal amount of the Revolving Loans and Letter of Credit Accommodations to exceed the Maximum Credit and (b) no such
additional Revolving Loan or Letter of Credit Accommodation shall be outstanding more than sixty (60) days after the date such additional Revolving Loan or Letter of Credit Accommodation is made or issued (as the case may be), except as the
Required Lenders may otherwise agree. Each Lender shall be obligated to pay Agent the amount of its Pro Rata Share of any such additional Revolving Loans or Letter of Credit Accommodations. 

12.9 Concerning the Collateral and the Related Financing Agreements. Each Lender authorizes and directs Agent to enter into this
Agreement and the other Financing Agreements. Each Lender agrees that any action taken by Agent or Required Lenders in accordance with the terms of this Agreement or the other Financing Agreements and the exercise by Agent or Required Lenders of
their respective powers set forth therein or herein, together with such other powers that are reasonably incidental thereto, shall be binding upon all of the Lenders. 

12.10 Field Audit, Examination Reports and Other Information; Disclaimer by Lenders. By signing this Agreement, each Lender:

 (a) is deemed to have requested that Agent furnish such Lender, promptly after it becomes available, a copy of
each field audit or examination report and a report with respect to the Borrowing Base prepared by Agent (each field audit or examination report and report with respect to the Borrowing Base being referred to herein as a “Report” and
collectively, “Reports”); 
 (b) expressly agrees and acknowledges that Agent (i) does not make
any representation or warranty as to the accuracy of any Report, or (ii) shall not be liable for any information contained in any Report; 
  

 125 

 (c) expressly agrees and acknowledges that the Reports are not comprehensive
audits or examinations, that Agent or any other party performing any audit or examination will inspect only specific information regarding Borrowers and Guarantors and will rely significantly upon Borrowers’ and Guarantors’ books and
records, as well as on representations of Borrowers’ and Guarantors’ personnel; and 
 (d) agrees to
keep all Reports confidential and strictly for its internal use in accordance with the terms of Section 14.5 hereof, and not to distribute or use any Report in any other manner. 

12.11 Collateral Matters. 

(a) Agent may, at its option, from time to time, at any time on or after an Event of Default and for so long as the same
is continuing or upon any other failure of a condition precedent to the Revolving Loans and Letter of Credit Accommodations hereunder, make such disbursements and advances (“Special Agent Advances”) which Agent, in its sole discretion,
(i) deems necessary or desirable either to preserve or protect the Collateral or any portion thereof or (ii) to enhance the likelihood or maximize the amount of repayment by Borrowers and Guarantors of the Revolving Loans and other
Obligations, provided, that, the aggregate principal amount of the Special Agent Advances pursuant to this clause (ii), plus the then outstanding principal amount of the additional Loans and Letter of Credit Accommodations which Agent
may make or provide as set forth in Section 12.8 hereof, shall not exceed the aggregate amount of the lesser of $10,000,000 or ten (10%) percent of the Maximum Credit outstanding at any time or (iii) to pay any other amount chargeable
to any Borrower or Guarantor pursuant to the terms of this Agreement or any of the other Financing Agreements consisting of (A) costs, fees and expenses and (B) payments to any issuer of Letter of Credit Accommodations. Special Agent
Advances shall be repayable on demand and be secured by the Collateral. Special Agent Advances shall not constitute Revolving Loans but shall otherwise constitute Obligations hereunder. Without limitation of its obligations pursuant to
Section 6.10, each Lender agrees that it shall make available to Agent, upon Agent’s demand, in immediately available funds, the amount equal to such Lender’s Pro Rata Share of each such Special Agent Advance. If such funds are not
made available to Agent by such Lender, such Lender shall be deemed a Defaulting Lender and Agent shall be entitled to recover such funds, on demand from such Lender together with interest thereon for each day from the date such payment was due
until the date such amount is paid to Agent at the Federal Funds Rate for each day during such period (as published by the Federal Reserve Bank of New York or at Agent’s option based on the arithmetic mean determined by Agent of the rates for
the last transaction in overnight Federal funds arranged prior to 9:00 a.m. (New York City time) on that day by each of the three leading brokers of Federal funds transactions in New York City selected by Agent) and if such amounts are not paid
within three (3) days of Agent’s demand, at the highest Interest Rate provided for in Section 3.1 hereof applicable to Prime Rate Loans. 

(b) Lenders hereby irrevocably authorize Agent, at its option and in its discretion to release any security interest in,
mortgage or lien upon, any of the Collateral (i) upon termination of the Commitments and payment and satisfaction of all of the Obligations and delivery of cash collateral to the extent required under Section 14.1 below, or
(ii) constituting property being sold or disposed of if Borrower Agent or any Borrower or Guarantor certifies to 

 

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Agent that the sale or disposition is made in compliance with Section 9.7 hereof (and Agent may rely conclusively on any such certificate, without further inquiry), or
(iii) constituting property in which any Borrower or Guarantor did not own an interest at the time the security interest, mortgage or lien was granted or at any time thereafter, or (iv) having a value in the aggregate in any twelve
(12) month period of less than $5,000,000, or (v) if required or permitted under the terms of any of the other Financing Agreements, including any intercreditor agreement, or (vi) approved, authorized or ratified in writing by all of
Lenders. Except as provided above, Agent will not release any security interest in, mortgage or lien upon, any of the Collateral without the prior written authorization of all of Lenders. Upon request by Agent at any time, Lenders will promptly
confirm in writing Agent’s authority to release particular types or items of Collateral pursuant to this Section. 

(c) Without any manner limiting Agent’s authority to act without any specific or further authorization or consent by
the Required Lenders, each Lender agrees to confirm in writing, upon request by Agent, the authority to release Collateral conferred upon Agent under this Section. Agent shall (and is hereby irrevocably authorized by Lenders to) execute such
documents as may be necessary to evidence the release of the security interest, mortgage or liens granted to Agent upon any Collateral to the extent set forth above; provided, that, (i) Agent shall not be required to execute any
such document on terms which, in Agent’s opinion, would expose Agent to liability or create any obligations or entail any consequence other than the release of such security interest, mortgage or liens without recourse or warranty and
(ii) such release shall not in any manner discharge, affect or impair the Obligations or any security interest, mortgage or lien upon (or obligations of any Borrower or Guarantor in respect of) the Collateral retained by such Borrower or
Guarantor. 
 (d) Agent shall have no obligation whatsoever to any Lender or any other Person to investigate,
confirm or assure that the Collateral exists or is owned by any Borrower or Guarantor or is cared for, protected or insured or has been encumbered, or that any particular items of Collateral meet the eligibility criteria applicable in respect of the
Revolving Loans or Letter of Credit Accommodations hereunder, or whether any particular reserves are appropriate, or that the liens and security interests granted to Agent pursuant hereto or any of the Financing Agreements or otherwise have been
properly or sufficiently or lawfully created, perfected, protected or enforced or are entitled to any particular priority, or to exercise at all or in any particular manner or under any duty of care, disclosure or fidelity, or to continue
exercising, any of the rights, authorities and powers granted or available to Agent in this Agreement or in any of the other Financing Agreements, it being understood and agreed that in respect of the Collateral, or any act, omission or event
related thereto, Agent may act in any manner it may deem appropriate, in its discretion, given Agent’s own interest in the Collateral as a Lender and that Agent shall have no duty or liability whatsoever to any other Lender. 

12.12 Agency for Perfections. Each Lender hereby appoints Agent and each other Lender as agent and bailee for the purpose of
perfecting the security interests in and liens upon the Collateral of Agent in assets which, in accordance with Article 9 of the UCC can be perfected only by possession (or where the security interest of a secured party with possession has priority
over the security interest of another secured party) and Agent and each Lender hereby acknowledges that it holds possession of any such Collateral for the benefit of Agent as secured party. Should any Lender obtain possession of any such Collateral,
such Lender shall notify Agent thereof, and, promptly upon Agent’s request therefor shall deliver such Collateral to Agent or in accordance with Agent’s instructions. 

 

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 12.13 Successor Agent. Agent may resign as Agent upon thirty (30) days’
notice to Lenders and Parent. If Agent resigns under this Agreement, the Required Lenders shall appoint from among the Lenders a successor agent for Lenders. If no successor agent is appointed prior to the effective date of the resignation of Agent,
Agent may appoint, after consulting with Lenders and Parent, a successor agent from among Lenders. Upon the acceptance by the Lender so selected of its appointment as successor agent hereunder, such successor agent shall succeed to all of the
rights, powers and duties of the retiring Agent and the term “Agent” as used herein and in the other Financing Agreements shall mean such successor agent and the retiring Agent’s appointment, powers and duties as Agent shall be
terminated. After any retiring Agent’s resignation hereunder as Agent, the provisions of this Section 12 shall inure to its benefit as to any actions taken or omitted by it while it was Agent under this Agreement. If no successor agent has
accepted appointment as Agent by the date which is thirty (30) days after the date of a retiring Agent’s notice of resignation, the retiring Agent’s resignation shall nonetheless thereupon become effective and Lenders shall perform
all of the duties of Agent hereunder until such time, if any, as the Required Lenders appoint a successor agent as provided for above. 

12.14 Co-Agent. Agent may at any time and from time to time determine that a Lender may, in addition, be a “Co-Agent”,
“Co-Documentation Agent” or similar designation hereunder and enter into an agreement with such Lender to have it so identified for purposes of this Agreement. Agent shall provide written notice to Borrower Agent of any such agreement. Any
Lender that is so designated as a Co-Agent, Co-Documentation Agent or such similar designation by Agent shall have no right, power, obligation, liability, responsibility or duty under this Agreement or any of the other Financing Agreements other
than those applicable to all Lenders as such. Without limiting the foregoing, the Lenders so identified shall not have or be deemed to have any fiduciary relationship with any Lender and no Lender shall be deemed to have relied, nor shall any Lender
rely, on a Lender so identified as a Co-Agent, Co-Documentation Agent or such similar designation in deciding to enter into this Agreement or in taking or not taking action hereunder. 

SECTION 13. ACKNOWLEDGMENT AND RESTATEMENT 

13.1 Existing Obligations. Each Borrower and Guarantor hereby acknowledges, confirms and agrees that (a) Borrowers and
Guarantors are indebted to Agent and Lenders for outstanding loans and advances to Borrowers under the Existing Agreements and in respect of Letter of Credit Accommodations (as defined in the Existing Agreements), together with all interest accrued
and accruing thereon (to the extent applicable), and all fees, costs, expenses and other charges relating thereto, all of which are unconditionally owing by Borrowers and Guarantors to Agent and Lenders to the extent set forth in the Existing
Agreements, without offset, defense or counterclaim of any kind, nature or description whatsoever. 
  

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 13.2 Acknowledgment of Security Interests 

(a) Each Borrower and Guarantor hereby acknowledges, confirms and agrees that Agent on behalf of itself and Lenders shall
continue to have a security interest in and lien upon the Collateral heretofore granted to Agent pursuant to the Existing Agreements to secure the Obligations, as well as any Collateral granted under this Agreement or under any of the other
Financing Agreements or otherwise granted to or held by Agent or any Lender. 
 (b) The liens and security
interests of Agent in the Collateral shall be deemed to be continuously granted and perfected from the earliest date of the granting and perfection of such liens and security interests to Agent, whether under the Existing Agreements, this Agreement
or any of the other Financing Agreements. 
 13.3 Existing Agreements. Borrowers and Guarantors each hereby acknowledge,
confirm and agree that, subject to Section 13.4 hereof: (a) the Existing Agreements have been duly executed and delivered by Borrowers and Guarantors and are in full force and effect as of the date hereof; (b) the agreements and
obligations of Borrowers and Guarantors contained in the Existing Agreements constitute the legal, valid and binding obligations of Borrowers or Guarantors, as the case may be, enforceable against such Borrower or Guarantor in accordance with its
terms and no Borrower or Guarantor has a valid defense to the enforcement of such obligations; and (c) Agent and Lenders are entitled to all of the rights, remedies and benefits provided for in or arising pursuant to the Existing Agreements.

 13.4 Restatement. 

(a) Except as otherwise stated in Section 13.2 hereof and this Section 13.4, as of the date hereof, the terms,
conditions, agreements, covenants, representations and warranties set forth in the Existing Agreements are simultaneously amended and restated in their entirety, and as so amended and restated, replaced and superseded by the terms, conditions,
agreements, covenants, representations and warranties set forth in this Agreement and the other Financing Agreements executed and/or delivered on or after the date hereof, except that nothing herein or in the other Financing Agreements shall impair
or adversely affect the continuation of the liability of Borrowers and Guarantors for the Obligations heretofore incurred and the security interests, liens, hypothecs and other interests in the Collateral heretofore granted, pledged and/or assigned
by Borrowers or Guarantors to Agent, Agent or any Lender (whether directly, indirectly or otherwise). 
 (b) The
amendment and restatement contained herein shall not, in any manner, be construed to constitute payment of, or impair, limit, cancel or extinguish, or constitute a novation in respect of, the Indebtedness and other obligations and liabilities of
Borrowers or Guarantors evidenced by or arising under the Existing Agreements, and the liens and security interests of Agent securing such Indebtedness and other obligations and liabilities, which shall not in any manner be impaired, limited,
terminated, waived or released, but shall continue in full force and effect in favor of Agent for the benefit of itself and Lenders. 

(c) All loans, advances and other financial accommodations under the Existing Agreements and all other Obligations of
Borrowers and Guarantors to Agent and Lenders outstanding and unpaid as of the date hereof pursuant to the Existing Agreements or otherwise shall be deemed Obligations of Borrowers and Guarantors pursuant to the terms hereof. The principal amount of
the Revolving Loans and the amount of the Letters of Credit Accommodations outstanding as of the date hereof under the Existing Agreements shall be allocated to the Revolving Loans and Letter of Credit Accommodations hereunder in such manner and in
such amounts as Agent shall determine in accordance with the terms hereof. 
  

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 SECTION 14. TERM OF AGREEMENT; MISCELLANEOUS 

14.1 Term. 

(a) This Agreement and the other Financing Agreements shall continue in full force and effect for a term ending on
December 23, 2009 (the “Renewal Date”), and from year to year thereafter, unless sooner terminated pursuant to the terms hereof. Agent may, at its option (or shall at the direction of any Lender in writing received by Agent at least
ninety (90) days prior to the Renewal Date or the anniversary of any Renewal Date, as the case may be), terminate this Agreement and the other Financing Agreements, or Borrower Agent may terminate this Agreement and the other Financing
Agreements, each case, effective on the Renewal Date or on the anniversary of the Renewal Date in any year by giving to the other party at least sixty (60) days prior written notice; provided, that, this Agreement and all other
Financing Agreements must be terminated simultaneously. In addition, Borrowers may terminate this Agreement at any time upon ten (10) days prior written notice to Agent (which notice shall be irrevocable) and Agent may, at its option, and shall
at the direction of Required Lenders, terminate this Agreement at any time on or after an Event of Default. Upon any effective date of termination of the Financing Agreements, Borrowers shall pay to Agent all outstanding and unpaid monetary
Obligations and shall furnish cash collateral to Agent (or at Agent’s option, a letter of credit issued for the account of Borrowers and at Borrowers’ expense, in form and substance satisfactory to Agent, by an issuer acceptable to Agent
and payable to Agent as beneficiary) in such amounts as Agent determines are reasonably necessary to secure Agent and Lenders from loss, cost, damage or expense, including reasonable attorneys’ fees and expenses, in connection with any
contingent Obligations, including issued and outstanding Letter of Credit Accommodations and checks or other payments provisionally credited to the Obligations and/or as to which Agent or any Lender has not yet received final and indefeasible
payment (and including any contingent liability of Agent to any bank at which deposit accounts of Borrowers and Guarantors are maintained under any Deposit Account Control Agreement) and for any of the Obligations arising under or in connection with
any Hedge Agreement in such amounts as the other party to such Hedge Agreement may require (unless such Obligations arising under or in connection with any Hedge Agreement are paid in full in cash and terminated in a manner satisfactory to such
other party). The amount of such cash collateral (or letter of credit, as Agent may determine) as to any Letter of Credit Accommodations shall be in the amount equal to one hundred ten (110%) percent of the amount of the Letter of Credit
Accommodations plus the amount of any fees and expenses payable in connection therewith through the end of the latest expiration date of such Letter of Credit Accommodations. Such payments in respect of the Obligations and cash collateral shall be
remitted by wire transfer in Federal funds to the Agent Payment Account or such other bank account of Agent, as Agent may, in its discretion, designate in writing to Borrower Agent for such purpose. Interest shall be due until and including the next
Business Day, if the amounts so paid by Borrowers to the Agent Payment Account or other bank account designated by Agent are received in such bank account later than 12:00 noon, New York City time. 

 

 130 

 (b) No termination of this Agreement or the other Financing Agreements shall
relieve or discharge any Borrower or Guarantor of its respective duties, obligations and covenants under this Agreement or the other Financing Agreements until all monetary Obligations have been fully and finally discharged and paid and as to
contingent Obligations, Agent shall have received such cash collateral (or letter of credit, as Agent may determine), as is required pursuant to the terms hereof, and Agent’s continuing security interest in the Collateral and the rights and
remedies of Agent and Lenders hereunder, under the other Financing Agreements and applicable law, shall remain in effect until all such monetary Obligations have been so paid and as to contingent Obligations, Agent shall have received such cash
collateral (or letter of credit, as Agent may determine) as is required pursuant to the terms hereof. Accordingly, each Borrower and Guarantor waives any rights it may have under the UCC to demand the filing of termination statements with respect to
the Collateral and Agent shall not be required to send such termination statements to Borrowers or Guarantors, or to file them with any filing office, unless and until this Agreement shall have been terminated in accordance with its terms and all
monetary Obligations paid in full in immediately available funds and as to contingent Obligations, Agent shall have received such cash collateral (or letter of credit, as Agent may determine), as required pursuant to the terms hereof. 

(c) If for any reason this Agreement is terminated prior to the Renewal Date and upon such termination the Obligations are
repaid with proceeds of loans that are secured by any assets of a Borrower or Guarantor not provided by Agent or any of its Affiliates where Agent or such Affiliate is the administrative and collateral agent (with rights and duties consistent with
the rights and duties of Agent hereunder), in view of the impracticality and extreme difficulty of ascertaining actual damages and by mutual agreement of the parties as to a reasonable calculation of Agent’s and each Lender’s lost profits
as a result thereof, Borrowers agree to pay to Agent for itself and the ratable benefit of Lenders, upon the effective date of such termination, an early termination fee in the amount equal to 

 

			
	 Amount
	  	 Period

	 (i) 0.50% of Maximum Credit
	  	From the date hereof to and including the second anniversary of the date hereof
		
	 (ii) 0.25% of Maximum Credit
	  	From and after the second anniversary of the date hereof to and including the third anniversary of the date hereof

Such early termination fee shall be presumed to be the amount of damages sustained by Agent and Lenders as a result of such early termination and
Borrowers and Guarantors agree that it is reasonable under the circumstances currently existing. 
 (d)
Notwithstanding anything to the contrary contained in Section 14.1(c) above, in the event of the termination of this Agreement at the request of Borrower Agent prior to the end of the term of this Agreement and the full and final repayment
of all Obligations and the receipt by Agent of cash collateral all as provided in Section 14.1(a) above, Borrowers shall not be required to pay to Agent, for the benefit of Lenders an early termination fee if such payments are made to
Agent, for the benefit of Lenders, with the initial proceeds of an unsecured credit facility provided by Wachovia Bank, National Association, to Borrowers. 
  

 131 

 14.2 Interpretative Provisions. 

(a) All terms used herein which are defined in Article 1, Article 8 or Article 9 of the UCC shall have the meanings given
therein unless otherwise defined in this Agreement. 
 (b) All references to the plural herein shall also mean
the singular and to the singular shall also mean the plural unless the context otherwise requires. 
 (c) All
references to any Borrower, Guarantor, Agent and Lenders pursuant to the definitions set forth in the recitals hereto, or to any other person herein, shall include their respective successors and assigns. 

(d) The words “hereof, “herein”, “hereunder”, “this Agreement” and words of similar
import when used in this Agreement shall refer to this Agreement as a whole and not any particular provision of this Agreement and as this Agreement now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or
replaced. 
 (e) The word “including” when used in this Agreement shall mean “including, without
limitation”. 
 (f) An Event of Default shall exist or continue or be continuing until such Event of Default
is waived in accordance with Section 11.3 or is cured in a manner satisfactory to Agent, if such Event of Default is capable of being cured as determined by Agent. 

(g) All references to “store” or “retail store” as applied to Borrowers shall include both factory
outlet stores and other retail stores operated by Borrowers. 
 (h) All references to the term
“knowledge” used herein when applicable to any Borrower or Guarantor shall mean the actual knowledge of the Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, General Counsel, Chief Accounting Officer of a Borrower
or Guarantor or persons having the same or similar responsibilities or functions as such positions as in effect on the date hereof, or as customarily understood to be the case for companies similarly situated. 

(i) All references to the term “good faith” used herein or the term “reasonable” or
“reasonably” when applicable to Agent or any Lender shall be based upon the manner in which a comparable asset-based lender similarly situated, with similar rights and providing a credit facility of the type and with the Collateral and
information then available to it set forth herein, would act in such circumstances. 
 (j) Any accounting term
used in this Agreement shall have, unless otherwise specifically provided herein, the meaning customarily given in accordance with GAAP, and all financial computations hereunder shall be computed unless otherwise specifically provided herein, in
accordance with GAAP as consistently applied and using the same method for inventory valuation as used in the preparation of the financial statements of Parent most recently received by Agent prior to the date hereof. 

 

 132 

 (k) In the computation of periods of time from a specified date to a later
specified date, the word “from” means “from and including”, the words “to” and “until” each mean “to but excluding” and the word “through” means “to and including”. 

(l) Unless otherwise expressly provided herein, (i) references herein to any agreement, document or instrument shall
be deemed to include all subsequent amendments, modifications, supplements, extensions, renewals, restatements or replacements with respect thereto, but only to the extent the same are not prohibited by the terms hereof or of any other Financing
Agreement, and (ii) references to any statute or regulation are to be construed as including all statutory and regulatory provisions consolidating, amending, replacing, recodifying, supplementing or interpreting the statute or regulation.

 (m) The captions and headings of this Agreement are for convenience of reference only and shall not affect the
interpretation of this Agreement. 
 (n) This Agreement and other Financing Agreements may use several different
limitations, tests or measurements to regulate the same or similar matters. All such limitations, tests and measurements are cumulative and shall each be performed in accordance with their terms. 

(o) This Agreement and the other Financing Agreements are the result of negotiations among and have been reviewed by
counsel to Agent and the other parties, and are the products of all parties. Accordingly, this Agreement and the other Financing Agreements shall not be construed against Agent or Lenders merely because of Agent’s or any Lender’s
involvement in their preparation. 
 14.3 Notices. All notices, requests and demands hereunder shall be in writing and
deemed to have been given or made: if delivered in person, immediately upon delivery; if by nationally recognized overnight courier service with instructions to deliver the next Business Day, one (1) Business Day after sending; and if by
certified mail, return receipt requested, five (5) days after mailing. All notices, requests and demands upon the parties are to be given to the following addresses (or to such other address as any party may designate by notice in accordance
with this Section): 
  

			
	 If to any Borrower or Guarantor:
	  	J. Crew Group, Inc.
		  	770 Broadway
		  	New York, New York 10013
		  	Attention: Chief Financial Officer
		  	Telephone No.: 212-209-2545
		
	 with a copy to:
	  	J. Crew Group, Inc.
		  	770 Broadway
		  	New York, New York 10013
		  	Attention: General Counsel
		  	Telephone No.: 212-209-8254
		
	 If to Agent:
	  	Congress Financial Corporation
		  	1133 Avenue of the Americas
		  	New York, New York 10036
		  	Attention: Portfolio Manager
		  	Telephone No.: 212-840-2000
		  	Telecopy No.: 212-545-4283

  

 133 

 14.4 Partial Invalidity. If any provision of this Agreement is held to be invalid or
unenforceable, such invalidity or unenforceability shall not invalidate this Agreement as a whole, but this Agreement shall be construed as though it did not contain the particular provision held to be invalid or unenforceable and the rights and
obligations of the parties shall be construed and enforced only to such extent as shall be permitted by applicable law. 
 14.5
Confidentiality. 
 (a) Agent and each Lender shall use all reasonable efforts to keep confidential, in
accordance with its customary procedures for handling confidential information and safe and sound lending practices, any non-public information supplied to it by any Borrower pursuant to this Agreement which is clearly and conspicuously marked as
confidential at the time such information is furnished by such Borrower to Agent or such Lender, provided, that, nothing contained herein shall limit the disclosure of any such information: (i) to the extent required by statute,
rule, regulation, subpoena or court order, (ii) to bank examiners and other regulators, auditors and/or accountants, in connection with any litigation to which Agent or such Lender is a party, (iii) to any Lender or Participant (or
prospective Lender or Participant) or to any Affiliate of any Lender so long as such Lender or Participant (or prospective Lender or Participant) or Affiliate shall have been instructed to treat such information as confidential in accordance with
this Section 14.5, or (iv) to counsel for Agent or any Lender or Participant (or prospective Lender or Participant). 

(b) In the event that Agent or any Lender receives a request or demand to disclose any confidential information pursuant
to any subpoena or court order, Agent or such Lender, as the case may be, agrees (i) to the extent permitted by applicable law or if permitted by applicable law, to the extent Agent or such Lender determines in good faith that it will not
create any risk of liability to Agent or such Lender, Agent or such Lender will promptly notify Borrower Agent of such request so that Borrower Agent may seek a protective order or other appropriate relief or remedy and (ii) if disclosure of
such information is required, disclose such information and, subject to reimbursement by Borrowers of Agent’s or such Lender’s expenses, cooperate with Borrower Agent in the reasonable efforts to obtain an order or other reliable assurance
that confidential treatment will be accorded to such portion of the disclosed information which Borrower Agent so designates, to the extent permitted by applicable law or if permitted by applicable law, to the extent Agent or such Lender determines
in good faith that it will not create any risk of liability to Agent or such Lender. 
  

 134 

 (c) In no event shall this Section 14.5 or any other provision of this
Agreement, any of the other Financing Agreements or applicable law be deemed: (i) to apply to or restrict disclosure of information that has been or is made public by any Borrower, Guarantor or any third party or otherwise becomes generally
available to the public other than as a result of a disclosure in violation hereof, (ii) to apply to or restrict disclosure of information that was or becomes available to Agent or any Lender (or any Affiliate of any Lender) on a
non-confidential basis from a person other than a Borrower or Guarantor, (iii) to require Agent or any Lender to return any materials furnished by a Borrower or Guarantor to Agent or a Lender or prevent Agent or a Lender from responding to
routine informational requests in accordance with the Code of Ethics for the Exchange of Credit Information promulgated by The Robert Morris Associates or other applicable industry standards relating to the exchange of credit information. The
obligations of Agent and Lenders under this Section 14.5 shall supersede and replace the obligations of Agent and Lenders under any confidentiality letter signed prior to the date hereof. 

14.6 Successors. This Agreement, the other Financing Agreements and any other document referred to herein or therein shall be
binding upon and inure to the benefit of and be enforceable by Agent, Lenders, Borrowers, Guarantors and their respective successors and assigns, except that Borrower may not assign its rights under this Agreement, the other Financing Agreements and
any other document referred to herein or therein without the prior written consent of Agent and Lenders. Any such purported assignment without such express prior written consent shall be void. No Lender may assign its rights and obligations under
this Agreement without the prior written consent of Agent, except as provided in Section 14.7 below. The terms and provisions of this Agreement and the other Financing Agreements are for the purpose of defining the relative rights and
obligations of Borrowers, Guarantors, Agent and Lenders with respect to the transactions contemplated hereby and there shall be no third party beneficiaries of any of the terms and provisions of this Agreement or any of the other Financing
Agreements. 
 14.7 Assignments; Participations 

(a) Each Lender may, with the prior written consent of Agent, assign all or, if less than all, a portion equal to at least
$10,000,000 in the aggregate for the assigning Lender, of such rights and obligations under this Agreement to one or more Eligible Transferees (but not including for this purpose any assignments in the form of a participation), each of which
assignees shall become a party to this Agreement as a Lender by execution of an Assignment and Acceptance; provided, that, (i) such transfer or assignment will not be effective until recorded by Agent on the Register and
(ii) Agent shall have received for its sole account payment of a processing fee from the assigning Lender or the assignee in the amount of $5,000. 

(b) Agent shall maintain a register of the names and addresses of Lenders, their Commitments and the principal amount of
their Revolving Loans (the “Register”). Agent shall also maintain a copy of each Assignment and Acceptance delivered to and accepted by it and shall modify the Register to give effect to each Assignment and Acceptance. The entries in the
Register shall be conclusive and binding for all purposes, absent manifest error, and any Borrowers, Obligors, Agent and Lenders may treat each Person whose name is recorded in the Register as a Lender hereunder for all purposes of this Agreement.
The Register shall be available for inspection by Borrower Agent and any Lender at any reasonable time and from time to time upon reasonable prior notice. 
  

 135 

 (c) Upon such execution, delivery, acceptance and recording, from and after
the effective date specified in each Assignment and Acceptance, the assignee thereunder shall be a party hereto and to the other Financing Agreements and, to the extent that rights and obligations hereunder have been assigned to it pursuant to such
Assignment and Acceptance, have the rights and obligations (including, without limitation, the obligation to participate in Letter of Credit Accommodations) of a Lender hereunder and thereunder and the assigning Lender shall, to the extent that
rights and obligations hereunder have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights and be released from its obligations under this Agreement. 

(d) By execution and delivery of an Assignment and Acceptance, the assignor and assignee thereunder confirm to and agree
with each other and the other parties hereto as follows: (i) other than as provided in such Assignment and Acceptance, the assigning Lender makes no representation or warranty and assumes no responsibility with respect to any statements,
warranties or representations made in or in connection with this Agreement or any of the other Financing Agreements or the execution, legality, enforceability, genuineness, sufficiency or value of this Agreement or any of the other Financing
Agreements furnished pursuant hereto, (ii) the assigning Lender makes no representation or warranty and assumes no responsibility with respect to the financial condition of any Borrower, Obligor or any of their Subsidiaries or the performance
or observance by any Borrower or Obligor of any of the Obligations; (iii) such assignee confirms that it has received a copy of this Agreement and the other Financing Agreements, together with such other documents and information it has deemed
appropriate to make its own credit analysis and decision to enter into such Assignment and Acceptance, (iv) such assignee will, independently and without reliance upon the assigning Lender, Agent and based on such documents and information as
it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement and the other Financing Agreements, (v) such assignee appoints and authorizes Agent to take such action as
agent on its behalf and to exercise such powers under this Agreement and the other Financing Agreements as are delegated to Agent by the terms hereof and thereof, together with such powers as are reasonably incidental thereto, and (vi) such
assignee agrees that it will perform in accordance with their terms all of the obligations which by the terms of this Agreement and the other Financing Agreements are required to be performed by it as a Lender. Agent and Lenders may furnish any
information concerning any Borrower or Obligor in the possession of Agent or any Lender from time to time to assignees and Participants. 

(e) Each Lender may sell participations to one or more banks or other entities in or to all or a portion of its rights and
obligations under this Agreement and the other Financing Agreements (including, without limitation, all or a portion of its Commitments and the Revolving Loans owing to it and its participation in the Letter of Credit Accommodations, without the
consent of Agent or the other Lenders); provided, that, (i) such Lender’s obligations under this Agreement (including, without limitation, its Commitment hereunder) and the other Financing Agreements shall remain unchanged,
(ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations, and Borrowers, Guarantors, 

 

 136 

 
the other Lenders and Agent shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement and the other Financing
Agreements, and (iii) the Participant shall not have any rights under this Agreement or any of the other Financing Agreements (the Participant’s rights against such Lender in respect of such participation to be those set forth in the
agreement executed by such Lender in favor of the Participant relating thereto) and all amounts payable by any Borrower or Obligor hereunder shall be determined as if such Lender had not sold such participation. 

(f) Nothing in this Agreement shall prevent or prohibit any Lender from pledging its Revolving Loans hereunder to a
Federal Reserve Bank in support of borrowings made by such Lenders from such Federal Reserve Bank. 
 (g)
Borrowers and Guarantors shall assist Agent or any Lender permitted to sell assignments or participations under this Section 14.7 in whatever manner reasonably necessary in order to enable or effect any such assignment or participation,
including (but not limited to) the execution and delivery of any and all agreements, notes and other documents and instruments as shall be requested and the delivery of informational materials, appraisals or other documents for, and the
participation of relevant management in meetings and conference calls with, potential Lenders or Participants. Borrowers shall certify the correctness, completeness and accuracy, in all material respects, of all descriptions of Borrowers and
Guarantors and their affairs provided, prepared or reviewed by any Borrower or Guarantor that are contained in any selling materials and all other information provided by it and included in such materials. 

14.8 Entire Agreement. This Agreement, the other Financing Agreements, any supplements hereto or thereto, and any instruments or
documents delivered or to be delivered in connection herewith or therewith represents the entire agreement and understanding concerning the subject matter hereof and thereof between the parties hereto, and supersede all other prior agreements,
understandings, negotiations and discussions, representations, warranties, commitments, proposals, offers and contracts concerning the subject matter hereof, whether oral or written. In the event of any inconsistency between the terms of this
Agreement and any schedule or exhibit hereto, the terms of this Agreement shall govern. 
 14.9 Counterparts, Etc. This
Agreement or any of the other Financing Agreements may be executed in any number of counterparts, each of which shall be an original, but all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of
this Agreement or any of the other Financing Agreements by telefacsimile shall have the same force and effect as the delivery of an original executed counterpart of this Agreement or any of such other Financing Agreements. Any party delivering an
executed counterpart of any such agreement by telefacsimile shall also deliver an original executed counterpart, but the failure to do so shall not affect the validity, enforceability or binding effect of such agreement. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
  

 137 

 IN WITNESS WHEREOF, Administrative Agent, Syndication Agent, Agent, Lenders, Borrowers and
Guarantors have caused these presents to be duly executed as of the day and year first above written. 
  

			
	BORROWERS
	
	J. CREW OPERATING CORP.
		
	By:	 	/s/ Amanda Bokman
		 	Amanda Bokman, EVP & CFO
	
	J. CREW INC.
		
	By:	 	/s/ Amanda Bokman
		 	Amanda Bokman, EVP & CFO
	
	GRACE HOLMES, INC. d/b/a J. CREW RETAIL
		
	By:	 	/s/ Amanda Bokman
		 	Amanda Bokman, EVP & CFO
	
	H.F.D. NO. 55, INC. d/b/a J. CREW FACTORY
		
	By:	 	/s/ Amanda Bokman
		 	Amanda Bokman, EVP & CFO
	
	GUARANTORS
	
	J. CREW GROUP, INC.
		
	By:	 	/s/ Amanda Bokman
		 	Amanda Bokman, EVP & CFO
	
	J. CREW INTERNATIONAL, INC.
		
	By:	 	/s/ Nick Lamberti
		 	Nick Lamberti, VP & Controller
	
	J. CREW INTERMEDIATE LLC
		
	By:	 	/s/ Amanda Bokman
		 	Amanda Bokman, EVP & CFO

 LOAN AND SECURITY
SIGNATURE PAGES 

			
	ADMINISTRATIVE AGENT
	
	WACHOVIA BANK, NATIONAL ASSOCIATION, as Administrative Agent
		
	By:	 	/s/ Illegible
	Title:	 	Director
	
	SYNDICATION AGENT
	
	BANK OF AMERICA, N.A.,
as Syndication Agent
		
	By:	 	 
	Title:	 	 
	
	AGENT
	
	CONGRESS FINANCIAL CORPORATION,
as Agent
		
	By:	 	 
	Title:	 	 
	
	LENDERS
	
	CONGRESS FINANCIAL CORPORATION
		
	By:	 	 
	Title:	 	 
	
	Commitment: $65,000,000
	
	BANK OF AMERICA, N.A.
		
	By:	 	 
	Title:	 	 
	
	Commitment: $50,000,000

 LOAN AND SECURITY
SIGNATURE PAGES 

			
	ADMINISTRATIVE AGENT
	
	WACHOVIA BANK, NATIONAL ASSOCIATION,
as Administrative Agent
		
	By:	 	 
	Title:	 	 
	
	SYNDICATION AGENT
	
	BANK OF AMERICA, N.A.,
as Syndication Agent
		
	By:	 	/s/ Illegible
	Title:	 	Vice President
	
	AGENT
	
	CONGRESS FINANCIAL CORPORATION,
as Agent
		
	By:	 	 
	Title:	 	 
	
	LENDERS
	
	CONGRESS FINANCIAL CORPORATION
		
	By:	 	 
	Title:	 	 
	
	Commitment: $65,000,000
	
	BANK OF AMERICA, N.A.
		
	By:	 	/s/ Illegible
	Title:	 	Vice President
	
	Commitment: $50,000,000

 LOAN AND SECURITY
SIGNATURE PAGES 

			
	ADMINISTRATIVE AGENT
	
	WACHOVIA BANK, NATIONAL ASSOCIATION, as Administrative Agent
		
	By:	 	 
	Title:	 	 
	
	SYNDICATION AGENT
	
	BANK OF AMERICA, N.A.,
as Syndication Agent
		
	By:	 	 
	Title:	 	 
	
	AGENT
	
	CONGRESS FINANCIAL CORPORATION,
as Agent
		
	By:	 	/s/ Illegible
	Title:	 	First Vice President
	
	LENDERS
	
	CONGRESS FINANCIAL CORPORATION
		
	By:	 	/s/ Illegible
	Title:	 	First Vice President
	
	Commitment: $65,000,000
	
	BANK OF AMERICA, N.A.
		
	By:	 	 
	Title:	 	 
	
	Commitment: $50,000,000

 LOAN AND SECURITY
SIGNATURE PAGES 

			
	THE CIT GROUP/BUSINESS CREDIT, INC.
		
	By:	 	/s/ Illegible
	Title:	 	Vice President
	
	Commitment: $25,000,000
	
	LASALLE RETAIL FINANCE, a division of LaSalle Business Credit, as agent for Standard Federal Bank National Association
		
	By:	 	 
	Title:	 	 
	
	Commitment: $30,000,000

 LOAN AND SECURITY
SIGNATURE PAGES 

			
	THE CIT GROUP/BUSINESS CREDIT, INC.
		
	By:	 	 
	Title:	 	 
	
	 Commitment: $25,000,000
  

LASALLE RETAIL FINANCE, a division of LaSalle Business Credit, as agent for Standard Federal Bank National Association

		
	By:	 	/s/ Craig G. Nutbrown
	Title:	 	Craig G. Nutbrown, Vice President
	
	Commitment: $30,000,000

 LOAN AND SECURITY
SIGNATURE PAGES 

 EXHIBIT A 

to 
 AMENDED AND
RESTATED LOAN AND SECURITY AGREEMENT 
 ASSIGNMENT AND ACCEPTANCE AGREEMENT 

This ASSIGNMENT AND ACCEPTANCE AGREEMENT (this “Assignment and Acceptance”) dated as of
                     , 200_ is made between
                             (the “Assignor”) and
                             (the “Assignee”). 

W I T N E S S E T H : 

WHEREAS, Wachovia Bank, National Association, in its capacity as administrative agent pursuant to the Loan Agreement (as hereinafter
defined) acting for and on behalf of the parties thereto as lenders (in such capacity, “Administrative Agent”), Bank of America, N.A., in its capacity as syndication agent pursuant to the Loan Agreement acting for and on behalf of the
parties thereto as lenders (in such capacity, “Syndication Agent”), Congress Financial Corporation, in its capacity as collateral agent pursuant to the Loan Agreement acting for and on behalf of the parties thereto as lenders (in such
capacity, “Agent”), Wachovia Capital Markets, LLC, in its capacity as sole lead arranger and sole bookrunner (in such capacity, “Arranger”), and the parties to the Loan Agreement as lenders (individually, each a
“Lender” and collectively, “Lenders”) have entered or are about to enter into financing arrangements pursuant to which Administrative Agent, Syndication Agent, Agent and Lenders may make loans and advances and provide other
financial accommodations to J. Crew Operating Corp., J. Crew, Inc., Grace Holmes, Inc. d/b/a J. Crew Retail, and HFD No. 55, Inc. d/b/a J. Crew Factory (collectively, “Borrowers”) as set forth in the Amended and Restated Loan and
Security Agreement, dated December 23, 2004, by and among Borrowers, certain of their affiliates, Administrative Agent, Syndication Agent, Agent, Arranger and Lenders (as the same now exists or may hereafter be amended, modified, supplemented,
extended, renewed, restated or replaced, the “Loan Agreement”), and the other agreements, documents and instruments referred to therein or at any time executed and/or delivered in connection therewith or related thereto (all of the
foregoing, together with the Loan Agreement, as the same now exist or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced, being collectively referred to herein as the “Financing Agreements”);

 WHEREAS, as provided under the Loan Agreement, Assignor committed to making Revolving Loans (the “Committed Loans”)
to Borrowers in an aggregate amount not to exceed $                     (the “Commitment”); 

WHEREAS, Assignor wishes to assign to Assignee [part of the] [all] rights and obligations of Assignor under the Loan Agreement in respect
of its Commitment in an amount equal to $                     (the “Assigned Commitment Amount”) on the terms and subject to the
conditions set forth herein and Assignee wishes to accept assignment of such rights and to assume such obligations from Assignor on such terms and subject to such conditions; 

 

 A-1 

 NOW, THEREFORE, in consideration of the foregoing and the mutual agreements contained
herein, the parties hereto agree as follows: 
 1. Assignment and Acceptance. 

(a) Subject to the terms and conditions of this Assignment and Acceptance, Assignor hereby sells, transfers and assigns to
Assignee, and Assignee hereby purchases, assumes and undertakes from Assignor, without recourse and without representation or warranty (except as provided in this Assignment and Acceptance) an interest in (i) the Commitment and each of the
Committed Loans of Assignor and (ii) all related rights, benefits, obligations, liabilities and indemnities of the Assignor under and in connection with the Loan Agreement and the other Financing Agreements, so that after giving effect thereto,
the Commitment of Assignee shall be as set forth below and the Pro Rata Share of Assignee shall be                     
(    %) percent. 
 (b) With effect on and after the Effective Date (as defined
in Section 5 hereof), Assignee shall be a party to the Loan Agreement and succeed to all of the rights and be obligated to perform all of the obligations of a Lender under the Loan Agreement, including the requirements concerning
confidentiality and the payment of indemnification, with a Commitment in an amount equal to the Assigned Commitment Amount. Assignee agrees that it will perform in accordance with their terms all of the obligations which by the terms of the Loan
Agreement are required to be performed by it as a Lender. It is the intent of the parties hereto that the Commitment of Assignor shall, as of the Effective Date, be reduced by an amount equal to the Assigned Commitment Amount and Assignor shall
relinquish its rights and be released from its obligations under the Loan Agreement to the extent such obligations have been assumed by Assignee; provided, that, Assignor shall not relinquish its rights under Sections 2.1, 6.4, 6.8 and
6.9 of the Loan Agreement to the extent such rights relate to the time prior to the Effective Date. 
 (c) After
giving effect to the assignment and assumption set forth herein, on the Effective Date Assignee’s Commitment will be
$                    . 

(d) After giving effect to the assignment and assumption set forth herein, on the Effective Date Assignor’s
Commitment will be $                     (as such amount may be further reduced by any other assignments by Assignor on or after the date
hereof). 
 2. Payments. 

(a) As consideration for the sale, assignment and transfer contemplated in Section 1 hereof, Assignee shall pay to
Assignor on the Effective Date in immediately available funds an amount equal to $                    , representing Assignee’s Pro Rata
Share of the principal amount of all Committed Loans. 
 (b) Assignee shall pay to Agent the processing fee in
the amount specified in Section 14.7(a) of the Loan Agreement. 
 3. Reallocation of Payments. Any interest, fees
and other payments accrued to the Effective Date with respect to the Commitment, Committed Loans and outstanding Letter of Credit Accommodations shall be for the account of Assignor. Any interest, fees and other

  

 A-2 

 
payments accrued on and after the Effective Date with respect to the Assigned Commitment Amount shall be for the account of Assignee. Each of Assignor and Assignee agrees that it will hold in
trust for the other party any interest, fees and other amounts which it may receive to which the other party is entitled pursuant to the preceding sentence and pay to the other party any such amounts which it may receive promptly upon receipt.

 4. Independent Credit Decision. Assignee acknowledges that it has received a copy of the Loan Agreement and the
Schedules and Exhibits thereto, together with copies of the most recent financial statements of                      and its Subsidiaries, and
such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and Acceptance and agrees that it will, independently and without reliance upon Assignor, Agent or
any Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit and legal decisions in taking or not taking action under the Loan Agreement. 

5. Effective Date; Notices. 

(a) As between Assignor and Assignee, the effective date for this Assignment and Acceptance shall
be                     , 200_ (the “Effective Date”); provided, that, the following conditions precedent have been
satisfied on or before the Effective Date: 
 (i) this Assignment and Acceptance shall be executed and delivered
by Assignor and Assignee; 
 (ii) the consent of Agent as required for an effective assignment of the Assigned
Commitment Amount by Assignor to Assignee shall have been duly obtained and shall be in full force and effect as of the Effective Date; 

(iii) written notice of such assignment, together with payment instructions, addresses and related information with
respect to Assignee, shall have been given to Borrower Agent and Agent; 
 (iv) Assignee shall pay to Assignor
all amounts due to Assignor under this Assignment and Acceptance; and 
 (v) the processing fee referred to in
Section 2(b) hereof shall have been paid to Agent. 
 (b) Promptly following the execution of this
Assignment and Acceptance, Assignor shall deliver to Borrower Agent and Agent for acknowledgment by Agent, a Notice of Assignment in the form attached hereto as Schedule 1. 

[6. Agent. [INCLUDE ONLY IF ASSIGNOR IS AN AGENT] 

(a) Assignee hereby appoints and authorizes Assignor in its capacity as Agent to take such action as agent on its behalf
to exercise such powers under the Loan Agreement as are delegated to Agent by Lenders pursuant to the terms of the Loan Agreement. 
  

 A-3 

 (b) Assignee shall assume no duties or obligations held by Assignor in its
capacity as Agent under the Loan Agreement.] 
 7. Withholding Tax. Assignee (a) represents and warrants to
Assignor, Agent and Borrowers that under applicable law and treaties no tax will be required to be withheld by Assignee, Agent or Borrowers with respect to any payments to be made to Assignee hereunder or under any of the Financing Agreements,
(b) agrees to furnish (if it is not a “United States Person” as such term is defined in Section 7701(a)(30) of the Code) to Agent and Borrowers prior to the time that Agent or Borrowers are required to make any payment of
principal, interest or fees hereunder, duplicate executed originals of either U.S. Internal Revenue Service Form W-8 ECI or U.S. Internal Revenue Service Form W-8 BEN (wherein Assignee claims entitlement to the benefits of a tax treaty that provides
for a complete exemption from U.S. federal income withholding tax on all payments hereunder) and agrees to provide new Forms W-8 ECI or W-8 BEN upon the expiration of any previously delivered form or comparable statements in accordance with
applicable U.S. law and regulations and amendments thereto, duly executed and completed by Assignee, and (c) agrees to comply with all applicable U.S. laws and regulations with regard to such withholding tax exemption. 

8. Representations and Warranties. 

(a) Assignor represents and warrants that (i) it is the legal and beneficial owner of the interest being assigned by
it hereunder and that such interest is free and clear of any security interest, lien, encumbrance or other adverse claim, (ii) it is duly organized and existing and it has the full power and authority to take, and has taken, all action
necessary to execute and deliver this Assignment and Acceptance and any other documents required or permitted to be executed or delivered by it in connection with this Assignment and Acceptance and to fulfill its obligations hereunder, (iii) no
notices to, or consents, authorizations or approvals of, any Person are required (other than any already given or obtained) for its due execution, delivery and performance of this Assignment and Acceptance, and apart from any agreements or
undertakings or filings required by the Loan Agreement, no further action by, or notice to, or filing with, any Person is required of it for such execution, delivery or performance, and (iv) this Assignment and Acceptance has been duly executed
and delivered by it and constitutes the legal, valid and binding obligation of Assignor, enforceable against Assignor in accordance with the terms hereof, subject, as to enforcement, to bankruptcy, insolvency, moratorium, reorganization and other
laws of general application relating to or affecting creditors’ rights and to general equitable principles. 

(b) Assignor makes no representation or warranty and assumes no responsibility with respect to any statements, warranties
or representations made in or in connection with the Loan Agreement or any of the other Financing Agreements or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Agreement or any other instrument or
document furnished pursuant thereto. Assignor makes no representation or warranty in connection with, and assumes no responsibility with respect to, the solvency, financial condition or statements of Borrowers, Guarantors or any of their respective
Affiliates, or the performance or observance by Borrowers, Guarantors or any other Person, of any of its respective obligations under the Loan Agreement or any other instrument or document furnished in connection therewith. 

 

 A-4 

 (c) Assignee represents and warrants that (i) it is duly organized and
existing and it has full power and authority to take, and has taken, all action necessary to execute and deliver this Assignment and Acceptance and any other documents required or permitted to be executed or delivered by it in connection with this
Assignment and Acceptance, and to fulfill its obligations hereunder, (ii) no notices to, or consents, authorizations or approvals of, any Person are required (other than any already given or obtained) for its due execution, delivery and
performance of this Assignment and Acceptance, and apart from any agreements or undertakings or filings required by the Loan Agreement, no further action by, or notice to, or filing with, any Person is required of it for such execution, delivery or
performance; and (iii) this Assignment and Acceptance has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of Assignee, enforceable against Assignee in accordance with the terms hereof, subject, as
to enforcement, to bankruptcy, insolvency, moratorium, reorganization and other laws of general application relating to or affecting creditors’ rights to general equitable principles. 

9. Further Assurances. Assignor and Assignee each hereby agree to execute and deliver such other instruments, and take such other
action, as either party may reasonably request in connection with the transactions contemplated by this Assignment and Acceptance, including the delivery of any notices or other documents or instruments to Borrowers or Agent, which may be required
in connection with the assignment and assumption contemplated hereby. 
 10. Miscellaneous 

(a) Any amendment or waiver of any provision of this Assignment and Acceptance shall be in writing and signed by the
parties hereto. No failure or delay by either party hereto in exercising any right, power or privilege hereunder shall operate as a waiver thereof and any waiver of any breach of the provisions of this Assignment and Acceptance shall be without
prejudice to any rights with respect to any other for further breach thereof. 
 (b) All payments made hereunder
shall be made without any set-off or counterclaim. 
 (c) Assignor and Assignee shall each pay its own costs and
expenses incurred in connection with the negotiation, preparation, execution and performance of this Assignment and Acceptance. 

(d) This Assignment and Acceptance may be executed in any number of counterparts and all of such counterparts taken
together shall be deemed to constitute one and the same instrument. 
 (e) THIS ASSIGNMENT AND ACCEPTANCE SHALL
BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF                     . Assignor and Assignee each irrevocably submits
to the non-exclusive jurisdiction of any State or Federal court sitting in                      County,
                     over any suit, action or proceeding arising out of or relating to this Assignment and Acceptance and irrevocably agrees
that all claims in respect of such action or proceeding may be heard and determined in such                      State or Federal court. Each
party to this Assignment and Acceptance hereby irrevocably waives, to the fullest extent it may effectively do so, the defense of an inconvenient forum to the maintenance of such action or proceeding. 

 

 A-5 

 (f) ASSIGNOR AND ASSIGNEE EACH HEREBY KNOWINGLY, VOLUNTARILY AND
INTENTIONALLY WAIVE ANY RIGHTS THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH THIS ASSIGNMENT AND ACCEPTANCE, THE LOAN AGREEMENT, ANY OF THE OTHER FINANCING AGREEMENTS OR
ANY RELATED DOCUMENTS AND AGREEMENTS OR ANY COURSE OF CONDUCT, COURSE OF DEALING, OR STATEMENTS (WHETHER ORAL OR WRITTEN). 
 IN
WITNESS WHEREOF, Assignor and Assignee have caused this Assignment and Acceptance to be executed and delivered by their duly authorized officers as of the date first above written. 

 

			
	[ASSIGNOR]
		
	By:	 	 
		
	Title:	 	 
	
	[ASSIGNEE]
		
	By:	 	 
		
	Title:	 	 

  

 A-6 

 SCHEDULE 1 

NOTICE OF ASSIGNMENT AND ACCEPTANCE 

                    ,
20     
  

			
		
	 	  	
		
	 	  	
		
	 	  	
		
	Attn.:                            
                                         
       	  	

  

	 	Re:	                           
                                         
                 

 Ladies and Gentlemen:

 Congress Financial Corporation, in its capacity as agent pursuant to the Loan Agreement (as hereinafter defined) acting for
and on behalf of the parties thereto as lenders (in such capacity, “Agent”), Wachovia Bank, National Association, in its capacity as arranger pursuant to the Loan Agreement (in such capacity, “Arranger”) and the financial
institutions which are parties to the Loan Agreement as lenders (individually, each a “Lender” and collectively, “Lenders”) have entered or are about to enter into financing arrangements pursuant to which Agent and Lenders may
make loans and advances and provide other financial accommodations to                     ,
                    ,
                    , and
                     (collectively, “Borrowers”) as set forth in the Loan and Security Agreement, dated
                    , 2002, by and among Borrowers, certain of their affiliates, Agent and Lenders (as the same now exists or may hereafter be
amended, modified, supplemented, extended, renewed, restated or replaced, the “Loan Agreement”), and the other agreements, documents and instruments referred to therein or at any time executed and/or delivered in connection therewith or
related thereto (all of the foregoing, together with the Loan Agreement, as the same now exist or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced, being collectively referred to herein as the “Financing
Agreements”). Capitalized terms not otherwise defined herein shall have the respective meanings ascribed thereto in the Loan Agreement. 

1. We hereby give you notice of, and request your consent to, the assignment by
                             (the “Assignor”) to
                             (the “Assignee”) such that after giving effect to the
assignment Assignee shall have an interest equal to                      (    %) percent of the total Commitments
pursuant to the Assignment and Acceptance Agreement attached hereto (the “Assignment and Acceptance”). We understand that the Assignor’s Commitment shall be reduced by
$                    , as the same may be further reduced by other assignments on or after the date hereof. 

 

 A-7 

 2. Assignee agrees that, upon receiving the consent of Agent to such assignment, Assignee
will be bound by the terms of the Loan Agreement as fully and to the same extent as if the Assignee were the Lender originally holding such interest under the Loan Agreement. 

3. The following administrative details apply to Assignee: 

 

	 	(A)	Notice address: 

 Assignee name:

 Address: 

Attention: 

Telephone: 

Telecopier: 
  

	 	(B)	Payment instructions: 

 Account
No.: 
 At: 
  

	
	
	  

Reference: 

Attention: 
 4.
You are entitled to rely upon the representations, warranties and covenants of each of Assignor and Assignee contained in the Assignment and Acceptance. 
  

 A-8 

 IN WITNESS WHEREOF, Assignor and Assignee have caused this Notice of Assignment and
Acceptance to be executed by their respective duly authorized officials, officers or agents as of the date first above mentioned. 
  

			
	 Very truly yours,
  

[NAME OF ASSIGNOR]

		
	By:	 	 
		
	Title:	 	 
	
	[NAME OF ASSIGNEE]
		
	By:	 	 
		
	Title:	 	 

  

			
	 ACKNOWLEDGED AND ASSIGNMENT CONSENTED TO:
  

CONGRESS FINANCIAL CORPORATION,
as Agent

		
	By:	 	 
		
	Title:	 	 

  

 A-9 

 EXHIBIT B 

TO 
 AMENDED AND
RESTATED LOAN AND SECURITY AGREEMENT 
 REVISED INFORMATION CERTIFICATE 

OF 
 J. CREW GROUP,
INC. 
 AND ITS SUBSIDIARIES 

Dated: December 23, 2004 

Congress Financial Corporation, as Agent 
 1133
Avenue of the Americas 
 New York, New York 10036 

In connection with certain financing provided or to be provided by you (“Lender”), each of the undersigned (individually, a “Company”
and, collectively, the “Companies”) jointly and severally represents and warrants to Lender the following information about it, its organizational structure and other matters of interest to Lender. Capitalized terms used herein and not
otherwise defined have the meanings set forth in the Amended and Restated Loan and Security Agreement, dated of even date herewith, among Lender, each of the undersigned, Wachovia Bank, National Association, as Arranger, and the lenders from time to
time party thereto. 
  

	1.	The full and exact name of each Company as set forth in its certificate of incorporation (or its certificate of formation or other organizational document filed with
the applicable state governmental authority, as the case may be) is as follows: 

 J. Crew Group, Inc.

 J. Crew Intermediate LLC 

J. Crew Operating Corp. 

J. Crew Inc. 

J. Crew International, Inc. 

Grace Holmes, Inc. 

H.F.D. No. 55, Inc. 
  

	2.	Each Company uses and owns the following trade name(s) in the operation of its business (e.g. billing, advertising, etc.; note: do not include names which are product
names only): 

  

			
	 Company
	  	Trade Names
		  	
		  	

 All Companies use the “J. Crew” trade name and variations thereon

  

	3.	Each Company is a registered organization of the following type (for example, corporation, limited partnership, limited liability company, etc.):

 Each Company is organized as a corporation, except for J. Crew Intermediate LLC which is organized as a
limited liability company. 

	4.	Each Company was organized on the date indicated for such company below, under the laws of the State indicated below for such Company, and each Company is in good
standing under the laws of such State. 

  

					
	 Company
	  	Date of
Organization	  	Jurisdiction of
Organization
	 J. Crew Group, Inc.
	  	5/19/88	  	New York
	 J. Crew Intermediate LLC
	  	3/27/03	  	Delaware
	 J. Crew Operating Corp.
	  	9/12/97	  	Delaware
	 J. Crew Inc.
	  	3/23/84	  	New Jersey
	 J. Crew International, Inc.
	  	5/15/92	  	Delaware
	 Grace Holmes, Inc.
	  	1/8/62	  	Delaware
	 H.F.D. No. 55, Inc.
	  	7/14/69	  	Delaware

  

	5.	The organizational identification number of each Company issued by its jurisdiction of organization is as set forth below (or if none is issued by the jurisdiction of
organization indicate “none”): 

  

			
	 Company
	  	ID No.
	 J. Crew Group, Inc.
	  	None
	 J. Crew Intermediate LLC
	  	3641106
	 J. Crew Operating Corp.
	  	2794492
	 J. Crew Inc.
	  	0100221886
	 J. Crew International, Inc.
	  	2297963
	 Grace Holmes, Inc.
	  	0577825
	 H.F.D. No. 55, Inc.
	  	0720619

  

	6.	The Federal Employer Identification Number of each Company is as follows: 

 

			
	 Company
	  	FEIN
	 J. Crew Group, Inc.
	  	22-2894486
	 J. Crew Intermediate LLC
	  	N/A
	 J. Crew Operating Corp.
	  	22-3540930
	 J. Crew Inc.
	  	22-2516360
	 J. Crew International, Inc.
	  	51-0342712
	 Grace Holmes, Inc.
	  	22-1691409
	 H.F.D. No. 55, Inc.
	  	22-1869438

  

	7.	Each Company is duly qualified as a foreign corporation and is in good standing, or has applied for such qualification and/or good standing, in all states or other
jurisdictions where the nature and extent of the business transacted by it or the ownership of assets makes such qualification necessary, except for those jurisdictions in which the failure to qualify would not have a Material Adverse Effect.

	8.	Since the date of its organization, the name of each Company as set forth in its organizational documentation as filed of record with the applicable state authority has
been changed as follows: 

  

					
	 Company
	  	Date of Change	  	 Prior Name

	 J. Crew Operating Corp.
	  	9/29/97	  	J. Crew Corp.
	 J. Crew Inc.
	  	9/22/86	  	J. Crew Outfitters, Inc.
	 J. Crew International, Inc.
	  	1/25/93	  	J. CREW International, Inc.

  

	9.	Since January 1, 1990, no Company has been a party to any merger or consolidation, or acquired all or substantially all of the assets of any Person, or acquired
any of its property or assets out of the ordinary course of business. 

  

	10.	The chief executive office and mailing address of each Company is located at the address indicated for such Company on Schedule 8.2 hereto. 

 

	11.	The books and records of each Company pertaining to accounts, contract rights, inventory, and other assets are located at the addresses indicated for such Company on
Schedule 8.2 hereto. 

  

	12.	Each Company has other places of business and/or maintains inventory or other assets only at the addresses (indicate whether locations are owned, leased or operated by
third parties and if leased or operated by third parties, their name and address) indicated for such Company on Schedule 8.2 hereto, subject to the rights of each Company to establish new locations in accordance with Section 9.2 of the Loan
Agreement. 

  

	13.	The places of business or other locations of any assets used by each Company during the last four (4) months prior to the date hereof other than those listed above
are as indicated for such Company on Schedule 8.2 hereto. 

  

	14.	Each Company has good and marketable fee simple title to or valid leasehold interests in all of its Real Property and good, valid and merchantable title to all of its
other properties and assets subject to no liens, mortgages, pledges, security interests, encumbrances or charges of any kind, except those granted to Agent and such others as are set forth on Schedule 8.4 hereto. 

 

	15.	Except as set forth on Schedule 8.6 hereto, (a) there is no investigation by any Governmental Authority pending, or to the best of any Company’s knowledge
threatened, against or affecting any Company’s assets or business and (b) there is no action, suit, proceeding or claim by any Person pending, or to the best of any Company’s knowledge threatened, against any Company’s assets or
goodwill, or against or affecting any transactions contemplated by this Agreement, in each case, which has a reasonable possibility of being adversely determined and which, if adversely determined against such Company has or could reasonably be
expected to have a Material Adverse Effect. 

	16.	To the best knowledge of each Company, such Company is in material compliance with all environmental laws applicable to its business or operations where the failure to
so comply has or could reasonably be expected to have a Material Adverse Effect, except as set forth on Schedule 8.8 hereto. 

  

	17.	All deposit accounts, investment accounts or other accounts in the name of or used by any Company maintained at any bank or other financial institution, are set forth
on Schedule 8.10 hereto, subject to the right of each Company to establish new accounts in accordance with Section 5.23 of the Loan Agreement (indicate type of account). 

 

	18.	As of the date hereof, no Company (i) owns or licenses any Intellectual Property, (ii) has granted any licenses with respect thereto or (iii) has entered
into any License Agreement except, in each case, as set forth on Schedule 8.11 hereto (indicate type of intellectual property and whether owned or licensed, registration number, date of registration, and, if licensed, the name and address of the
licensor). 

  

	19.	Each Company is affiliated with, or has ownership in, the corporations (including subsidiaries) and other organizations set forth on Schedule 8.12 hereto.

  

	20.	The names of the stockholders (or members or partners, including general partners and limited partners) of each Company and their holdings are as set forth on Schedule
8.12 hereto (if stock or other interests are widely held indicate only holders owning 10% or more of the voting stock or other interests). 

  

	21.	No Company is a party to or bound by an collective bargaining or similar agreement with any union, labor organization or other bargaining agent except as set forth on
Schedule 8.13 hereto (indicate date of agreement, parties to agreement, description of employees covered, and date of termination). 

  

	22.	No Company is a party to or bound by any Material Contract except as set forth on Schedule 8.15 hereto. 

 

	23.	No Company has any Indebtedness except as set forth on Schedule 9.9 hereto or as otherwise permitted under Section 9.9 of the Loan Agreement.

  

	24.	No Company has made any loans or advances or guaranteed or otherwise become liable for the obligations of any others except as set forth on Schedule 9.9 or 9.10 hereto.

  

	25.	No Company has any chattel paper (whether tangible or electronic) or instruments as of the date hereof. 

 

	26.	No Company has any commercial tort claims as of the date hereof. 

  

	27.	There is no provision in the certificate of incorporation, certificate of formation, articles of organization, by-laws or operating agreement of any Company (as
applicable) or the other organizational documents of such Company, requiring any vote or consent of its shareholders, members or other holders of the equity interests therein to borrow or to authorize the mortgage or pledge of or creation of a
security interest in any assets of such Company or any subsidiary. 

	28.	Certain officers of each Company and their respective titles are listed on Schedule I hereto. 

The following will have signatory powers as to all transactions of each Company with Lender. 

Amanda J. Bokman 

Nicholas P. Lamberti 
  

	29.	The members of the Board of Directors of each Company (or, if the Company is a limited partnership, the general partner or, if the Company is a limited liability
company, the managers) are listed on Schedule I hereto. 

  

	30.	At the present time, there are no material delinquent taxes due (including, but not limited to, all payroll taxes, personal property taxes, real estate taxes or income
taxes) except for taxes, if any, being contested in good faith. 

  

	31.	Certified Public Accountants for each Company is the firm of: 

  

	
	 Name KPMG LLP

	 Address 345 Park Avenue. New York. NY 10154

	 Partner Handling Relationship Jeff Sands

	 Were statements uncertified for any fiscal year? No

 Lender shall be entitled to rely upon the foregoing in all respects and each of the undersigned is duly
authorized to execute and deliver this Information Certificate on behalf of the Company for which he or she is signing. 
  

			
	Very truly yours,
	
	J. CREW GROUP, INC.
		
	 By:
	 	 /s/ Amanda Bokman

	 Title:
	 	 Executive Vice-President
 and
Chief Financial Officer

	
	 J. CREW INTERMEDIATE LLC

		
	 By:
	 	 /s/ Amanda Bokman

	 Title:
	 	 Executive Vice-President
 and
Chief Financial Officer

	
	 J. CREW OPERATING CORP.

		
	 By:
	 	 /s/ Amanda Bokman

	 Title:
	 	 Executive Vice-President
 and
Chief Financial Officer

	
	 J. CREW INC.

		
	 By:
	 	 /s/ Amanda Bokman

	 Title:
	 	 Executive Vice-President
 and
Chief Financial Officer

	
	 J. CREW INTERNATIONAL, INC.

		
	 By:
	 	 /s/ Nicholas Lamberti

	 Title:
	 	 Vice-President and Controller

	
	 GRACE HOLMES, INC.

		
	 By:
	 	 /s/ Amanda Bokman

	 Title:
	 	 Executive Vice-President
 and
Chief Financial Officer

	
	 H.F.D. NO. 55, INC.

		
	 By:
	 	 /s/ Amanda Bokman

	 Title:
	 	 Executive Vice-President
 and
Chief Financial Officer

 SCHEDULE 8.2 

to 

INFORMATION CERTIFICATE 

Locations 
 A.
Company: 
  

	1.	Chief Executive Office 

  

			
	 Company
	 	 Chief Executive Office

	 J. Crew Group, Inc.
	 	770 Broadway
	 J. Crew Intermediate LLC
	 	New York, NY 10003
	 J. Crew Operating Corp.
	 	
	 J. Crew Inc.
	 	
	 Grace Holmes, Inc.
	 	
	 H.F.D. No. 55, Inc.
	 	
		
	 J. Crew International, Inc.
	 	 802 West Street, Suite 102

Wilmington, DE 19801

  

	2.	Location of Books and Records 

 Same as
response to #1 above 
  

	3.	Locations of Inventory, Equipment and Other Assets 

  

					
	 Address
	  	 Owned/Leased/Third Party*
	  	 Name/Address of Lessor
Third Party, as Applicable

	 770 Broadway

New York, NY 10003
	  	Leased by J. Crew Group, Inc.	  	 770 Broadway Company LLC

c/o Vornado Management
 Company LLC

 888 Seventh Avenue
 New
York, NY 10106

  

	*	Indicate in this column next to applicable address whether the location is owned by each Company, leased by each Company or owned and operated by a third party (e.g.,
warehouse, processor, consignee, etc.) 

					
	 One Clifford Way

Asheville, NC 28810
	  	Owned by Grace Holmes, Inc.	  	
			
	 One Ivy Crescent

Lynchburg, VA 24506
	  	Owned by J. Crew Inc.	  	
			
	 25 Mills Race Drive

Lynchburg, VA 24502
	  	Leased by J. Crew Inc.	  	 Mae Holding Company

5145 Fischer Place
 Cincinnati, OH

			
	 205 Vista Boulevard

Arden, NC 28704
  

This lease will expire on 12/31/04
	  	Leased by J. Crew Operating Corp.	  	 Space Providers of Asheville,

LLC
 P.O. Box 5282

Asheville, NC 28813

See also attached list of retail store locations leased by Grace Holmes, Inc. and factory store locations leased by H.F.D. No. 55, Inc. as of the
date hereof 
  

	4.	Locations of Assets in Prior 4 Months not Listed Above 

None 

 RETAIL (AS OF 12/23/04) 
  

							
	 ST#
	 	 LOCATION
	  	 CITY
	  	 ST

	501	 	South Street Seaport	  	New York	  	NY
	502	 	San Francisco Shopping Center	  	San Francisco	  	CA
	503	 	The Atrium	  	Chestnut Hill	  	MA
	504	 	South Coast Plaza	  	Costa Mesa	  	CA
	505	 	The Shops @ Liberty Place	  	Philadelphia	  	PA
	506	 	Pioneer Place	  	Portland	  	OR
	507	 	Cambridgeside Galleria	  	Cambridge	  	MA
	508	 	Georgetown Park	  	Washington	  	DC
	509	 	Montgomery Mall	  	Bethesda	  	MD
	510	 	Northpark Mall	  	Dallas	  	TX
	511	 	Oakbrook Center	  	Oakbrook	  	IL
	512	 	Northbrook Court	  	Northbrook	  	IL
	513	 	900 North Michigan Avenue	  	Chicago	  	IL
	514	 	Somerset Mall	  	Troy	  	Ml
	516	 	Westport -145 Main Street	  	Westport	  	CT
	517	 	Scottsdale Fashion Square	  	Scottsdale	  	AZ
	518	 	Tower City Center	  	Cleveland	  	OH
	519	 	Lenox Square	  	Atlanta	  	GA
	520	 	Roosevelt Field Mall	  	Garden City	  	NY
	521	 	One Colorado Boulevard	  	Pasadena	  	CA
	522	 	Lincoln Place	  	Santa Fe	  	NM
	523	 	Houston Galleria I	  	Houston	  	TX
	524	 	Plaza Frontenac	  	St. Louis	  	MO
	525	 	Northshore Mall	  	Peabody	  	MA
	526	 	Downtown Plaza	  	Sacramento	  	CA
	527	 	Keystone at the Crossing	  	Indianapolis	  	IN
	528	 	Southdale Mall	  	Edina	  	MN
	529	 	Bellevue Square	  	Believue	  	WA
	530	 	Plaza at King of Prussia	  	King of Prussia	  	PA
	531	 	Crabtree Valley Mall	  	Raleigh	  	NC
	532	 	Tysons Galleria	  	McLean	  	VA
	533	 	Park Meadows Shopping Center	  	Denver	  	CO
	534	 	Highland Mall	  	Austin	  	TX
	535	 	Woodfield Mall	  	Schaumburg	  	IL
	537	 	Garden State Plaza	  	Paramus	  	NJ
	538	 	Stanford Shopping Center	  	Palo Alto	  	CA
	539	 	99 Prince Street	  	New York	  	NY
	540	 	91 Fifth Avenue	  	New York	  	NY
	541	 	Town Center at Boca Raton	  	Boca Raton	  	FL
	542	 	Copley Place	  	Boston	  	MA
	543	 	The Mall at Short Hills	  	Short Hills	  	NJ
	544	 	SouthPark Mall	  	Charlotte	  	NC
	545	 	Danbury Fair Mall	  	Danbury	  	CT
	546	 	Century City Shopping Center	  	Los Angeles	  	CA
	547	 	West Farms Mall	  	West Hartford	  	CT
	548	 	Fashion Valley Mall	  	San Diego	  	CA
	549	 	Beachwood Mall	  	Cleveland	  	OH
	550	 	Aventura Mall	  	Miami	  	FL
	551	 	Palisades Center	  	West Nyack	  	NY
	552	 	South Shore Plaza	  	Braintree	  	MA
	553	 	Riverside Square	  	Hackensack	  	NJ
	554	 	Perimeter Mall	  	Atlanta	  	GA
	555	 	1222 Third Street Promenade	  	Santa Monica	  	CA
	556	 	Horton Plaza	  	San Diego	  	CA

							
	557	  	The Village at Corte Madera	  	Corte Madera	  	CA
	558	  	1232-38 Burlingame Avenue	  	Burlingame	  	CA
	559	  	The Gallery at Harborplace	  	Baltimore	  	MD
	560	  	The Westchester	  	White Plains	  	NY
	561	  	Oak Park Mall	  	Overland Park	  	KS
	562	  	Pacific Place	  	Seattle	  	WA
	563	  	Walt Whitman Mall	  	Huntington Station	  	NY
	565	  	Menlo Park	  	Edison	  	NJ
	566	  	Briarwood Mall	  	Ann Arbor	  	Ml
	567	  	MacArthur Center	  	Norfolk	  	VA
	568	  	Town Center at Easton	  	Columbus	  	OH
	569	  	Cherry Creek Mall	  	Denver	  	CO
	570	  	Riverchase Galleria	  	Birmingham	  	AL
	572	  	Washington Square	  	Portland	  	OR
	573	  	Kenwood Towne Center	  	Cincinnati	  	OH
	574	  	Cape Cod Mall	  	Hyannis	  	MA
	575	  	Mall of Georgia	  	Atlanta	  	GA
	576	  	Providence Place	  	Providence	  	Rl
	577	  	Mission Viejo Mall	  	Mission Viejo	  	CA
	578	  	Brea Mall	  	Brea	  	CA
	579	  	Florida Mall	  	Orlando	  	FL
	581	  	Rockefeller Center	  	New York	  	NY
	582	  	The Mall at Green Hills	  	Nashville	  	TN
	583	  	Old Orchard Shopping Center	  	Chicago	  	IL
	584	  	Fashion Show	  	Las Vegas	  	NV
	585	  	North Star Mall	  	San Antonio	  	TX
	586	  	Tucson Mall	  	Tucson	  	AZ
	587	  	Woodland Mall	  	Grand Rapids	  	Ml
	588	  	Flatiron Crossing	  	Boulder	  	CO
	589	  	Galleria at Roseville	  	Roseville	  	CA
	590	  	Lakeside Mall	  	Metairie	  	LA
	591	  	Deer Park Town Center	  	Deer Park	  	IL
	592	  	Ave. of the Peninsula	  	Palos Verde	  	CA
	593	  	Saddle Creek Shopping Center	  	Memphis	  	TN
	594	  	Waiden Galleria	  	Buffalo	  	NY
	595	  	126 Greenwich Avenue	  	Greenwich	  	CT
	596	  	Stonebriar Centre	  	Dallas	  	TX
	597	  	Ross Park Mall	  	Pittsburgh	  	PA
	599	  	Stonestown Galleria	  	San Francisco	  	CA
	600	  	Mayfair Mall	  	Milwaukee	  	Wl
	601	  	Pentagon City	  	Arlington	  	VA
	602	  	Mall of America	  	Bloomington	  	MN
	603	  	Haywood Mall	  	Greenville	  	SC
	604	  	Carousel Center	  	Syracuse	  	NY
	605	  	Country Club Plaza	  	Kansas City	  	MO
	606	  	The Shoppes at Brinton Lake	  	Brinton Lake	  	PA
	607	  	Suburban Square	  	Ardmore	  	PA
	608	  	The Grove at Farmers Market	  	Los Angeles	  	CA
	609	  	Valley Fair Mall	  	Santa Clara	  	CA
	610	  	The Gateway	  	Salt Lake City	  	UT
	611	  	The Promenade at Sagemore	  	Marlton	  	NJ
	612	  	Tices Comer	  	Woodcliff Lake	  	NJ
	613	  	International Plaza	  	Tampa	  	FL
	614	  	29 Broadway	  	New Haven	  	CT
	615	  	Twelve Oaks Mall	  	Novi	  	Ml
	616	  	North Avenue Collection	  	Chicago	  	IL
	617	  	Burlington Town Center	  	Burlington	  	VT
	618	  	Fayette Mall	  	Lexington	  	KY

							
	619	  	Franklin Park Mall	  	Toledo	  	OH
	620	  	Polaris Fashion Place	  	Columbus	  	OH
	621	  	Kierland Commons	  	Scottsdale	  	AZ
	622	  	The Forum at Peachtree	  	Atlanta	  	GA
	623	  	Columbia Mall	  	Columbia	  	MD
	624	  	Willow Grove Park	  	Willow Grove	  	PA
	625	  	Fashion Place Mall	  	Murray	  	UT
	626	  	Four Seasons Town Centre	  	Greensboro	  	NC
	627	  	Sherman Oaks Fashion Square	  	Sherman Oaks	  	CA
	628	  	Woodland Hills	  	Tulsa	  	OK
	629	  	Hawthorn Center	  	Vernon Hills	  	IL
	630	  	Short Pump Town Center	  	Richmond	  	VA
	631	  	Mall at Fairfield Commons	  	Beavercreek	  	OH
	632	  	West Town Mall	  	Knoxville	  	TN
	633	  	The Summit	  	Louisville	  	KY
	634	  	Crossgates Mall	  	Albany	  	NY
	635	  	Chandler Fashion Center	  	Chandler	  	AZ
	636	  	Mall at Rockingham Park	  	Salem	  	NH
	637	  	Aspen Grove Lifestyle Center	  	Denver	  	CO
	638	  	Penn Square	  	Oklahoma City	  	OK
	639	  	University Village	  	Seattle	  	WA
	640	  	264 King Street	  	Charleston	  	SC
	641	  	The Shops @ Willow Bend	  	Dallas	  	TX
	643	  	South Hills Village	  	Pittsburgh	  	PA
	644	  	Willowbrook Mall	  	Wayne	  	NJ
	645	  	Palmer Square	  	Princeton	  	NJ
	646	  	The Streets at Southpoint	  	Durham	  	NC
	647	  	Charlottesville Fashion Square	  	Charlottesville	  	VA
	648	  	Eastview Mall	  	Victor	  	NY
	649	  	347 Madison Avenue	  	New York	  	NY
	650	  	Eastwood Towne Center	  	Lansing	  	Ml
	651	  	The Village of Rochester Hills	  	Rochester Hills	  	Ml
	652	  	Arbor Lakes	  	Maple Grove	  	MN
	653	  	Rockaway Townsquare	  	Rockaway	  	NJ
	655	  	Smith Haven Mall	  	Lake Grove	  	NY
	656	  	Grand Place	  	Saint Paul	  	MN
	659	  	Stoneridge Center	  	Pleasanton	  	CA
	660	  	The Summit	  	Birmingham	  	AL
	661	  	Orland Square	  	Orland Park	  	IL
	662	  	Chevy Chase Pavilion	  	Washington	  	DC
	668	  	Manhasset Center	  	Manhasset	  	NY
	671	  	Walnut Street	  	Pittsburgh	  	PA
	672	  	Evergreen Walk	  	South Windsor	  	CT
	673	  	Jordan Creek Town Center	  	West Des Moines	  	IA
	700	  	Columbus Centre	  	New York	  	NY

 FACTORY (AS OF 12/23/04) 
  

							
	 ST#
	  	 LOCATION
	  	 CITY
	  	 ST

	002	  	Lakeside Marketplace	  	Kenosha	  	Wl
	003	  	Pigeon Forge Factory Stores	  	Pigeon Forge	  	TN
	004	  	Prime Outlets at Williamsburg	  	Williamsburg	  	VA
	005	  	Hilton Head Factory Stores	  	Bluffton	  	SC
	006	  	Settlers’ Green	  	North Conway	  	NH
	008	  	Bow Street	  	Freeport	  	ME
	009	  	Prime Outlets at Birch Run	  	Birch Run	  	Ml
	010	  	Kittery Outlet Village	  	Kittery	  	ME
	014	  	Silverthorne Factory Stores	  	Silverthorne	  	CO
	016	  	Riviera Centre	  	Foley	  	AL
	017	  	Lighthouse Place	  	Michigan City	  	IN
	018	  	Manchester Commons	  	Manchester	  	VT
	019	  	Silver Sands Factory Stores	  	Destin	  	FL
	021	  	Millstream Factory Stores	  	Lancaster	  	PA
	022	  	Woodbury Common Premium Outlets	  	Central Valley	  	NY
	023	  	Crossings Factory Stores	  	Tannersville	  	PA
	024	  	San Marcos Factory Stores	  	San Marcos	  	TX
	025	  	Outlets at Gilroy	  	Gilroy	  	CA
	027	  	St. Augustine Outlet Center	  	St. Augustine	  	FL
	028	  	Lakes Region Factory Stores	  	Tilton	  	NH
	029	  	Tanger Factory Outlet Center	  	Seymour	  	IN
	030	  	Napa Factory Stores	  	Napa	  	CA
	031	  	Desert Hills Premium Outlets	  	Cabazon	  	CA
	033	  	Tanger Factory Outlet Center	  	Commerce	  	GA
	034	  	Pacific Edge Factory Stores	  	Burlington	  	WA
	035	  	Southwest Outlet Center	  	Hillsboro	  	TX
	036	  	Prime Outlets at Calhoun	  	Gordon County	  	GA
	037	  	Rocky Mountain Factory	  	Loveland	  	CO
	038	  	Ocean Outlets - Seaside II	  	Rehoboth Beach	  	DE
	039	  	Sawgrass Mills	  	Sunrise	  	FL
	040	  	Prime Outlets at Niagara Falls USA	  	Niagara Falls	  	NY
	042	  	Westbrook Factory Stores	  	Westbrook	  	CT
	043	  	Tanger Factory Outlet Center	  	Branson	  	MO
	044	  	Finger Lakes Outlet Center	  	Seneca	  	NY
	045	  	Grove City Factory Shops	  	Springfield	  	PA
	046	  	Prime Outlets at Lee (f/k/a Berkshire Outlet)	  	Lee	  	MA
	047	  	Tanger Factory Outlet	  	Riverhead	  	NY
	048	  	Six Flags Factory Outlets	  	Jackson	  	NJ
	049	  	Myrtle Beach Factory Stores	  	Myrtle Beach	  	VA
	051	  	Outlet Village at Hagerstown	  	Hagerstown	  	MD
	052	  	Leesburg Premium Outlet	  	Leesburg	  	VA
	053	  	Wrentham Village Premium Outlets	  	Wrentham	  	MA

 SCHEDULE 8.4 

to 
 INFORMATION
CERTIFICATE 
 Existing Liens 

See attached list. 

 SCHEDULES 

to 
 INFORMATION
CERTIFICATE 
 Existing Liens 
  

													
	 Debtor
	  	 Jurisdiction
	  	File Date	  	File Number	 	Type
of Lien	  	 Secured Party
	  	Collateral
	J. CREW INC.	  	New York	  	06/22/00	  	00123220	 	UCC-1	  	Conseco Finance Vendor Services Corporation	  	Equipment
	J. CREW INC.	  	NY County, NY	  	12/24/97	  	97PN61118	 	UCC-1	  	The Financial Corp of Illinois	  	Equipment
	J. CREW INC.	  	NY County, NY	  	12/24/97	  	97PN61119	 	UCC-1	  	The Financial Corp of Illinois	  	Equipment
	J. CREW INC.	  	NY County, NY	  	12/24/97	  	97PN61120	 	UCC-1	  	The Financial Corp of Illinois	  	Equipment
	J. CREW INC.	  	NY County, NY	  	12/24/97	  	97PN61121	 	UCC-1	  	The Financial Corp of Illinois	  	Equipment
	J. CREW INC.	  	NY County, NY	  	12/24/97	  	97PN61122	 	UCC-1	  	The Financial Corp of Illinois	  	Equipment
	J. CREW INC.	  	NY County, NY	  	12/24/97	  	97PN61126	 	UCC-1	  	The Financial Corp of Illinois	  	Equipment
	J. CREW INC.	  	NY County, NY	  	12/22/97	  	001049710**	 	Tax	  	NYC Department of Finance	  	Tax Warrant
	J. CREW INC.	  	NY County, NY	  	01/12/98	  	001054011**	 	Tax	  	NYC Department of Finance	  	Tax Warrant
	J CREW INC.	  	NY County, NY	  	07/03/00	  	001295527**	 	Tax	  	NYC Department of Finance	  	Tax Warrant
	J CREW INC.	  	NY County, NY	  	09/25/00	  	001323439**	 	Tax	  	NYC Department of Finance	  	Tax Warrant
	J. CREW INC.	  	NY County, NY	  	08/14/02	  	001591260	 	Tax	  	NY State Department of Taxation and Finance	  	Tax Warrant
	J. CREW INC.	  	North Carolina	  	07/26/99	  	19990072089	 	UCC-1	  	Mellon First United Leasing	  	Equipment
	J. CREW INC.	  	Virginia	  	09/19/94	  	940919 7287	 	UCC-1	  	TriCon Capital, a unit of Greyhound Financial Corporation	  	Equipment

  

	*	Will have lapsed by closing date. 

	**	Tax Warrant discharged after search date. 

As of 12/09/02 

													
	 Debtor
	  	 Jurisdiction
	  	File Date	  	 File Number
	  	 Type

of Lien
	  	 Secured Party
	  	Collateral
		  		  	08/17/99	  	990817 7828	  	Cont	  		  	
	J. CREW INC.	  	Virginia	  	10/31/94	  	941031 7175	  	UCC-1	  	TriCon Capital, a unit of Greyhound Financial Corporation	  	Equipment
		  		  	09/14/99	  	990914 7804	  	Cont	  		  	
	J. CREW INC.	  	Virginia	  	02/02/95	  	950202 7119	  	UCC-1	  	TriCon Capital, a unit of Greyhound Financial Corporation	  	Equipment
		  		  	02/17/00	  	000217 7823	  	Cont	  		  	
	J. CREW INC.	  	Virginia	  	12/05/97	  	971205 7103	  	UCC-1	  	Weyerhaeuser Company	  	Equipment
	J. CREW INC.	  	Virginia	  	03/09/00	  	000309 7025	  	UCC-1	  	Pitney Bowes Credit Corporation	  	Equipment
	GRACE HOLMES, INC.	  	California	  	11/04/98	  	9831361280**	  	Tax	  	The State of California Board of Equalization	  	Tax Lien
	GRACE HOLMES, INC.	  	Delaware	  	08/30/01	  	11070304	  	UCC-1	  	Chase Equipment Leasing, Inc.	  	Equipment
	GRACE HOLMES, INC.	  	Delaware	  	08/30/01	  	11070338	  	UCC-1	  	Chase Equipment Leasing Inc.	  	Equipment
	GRACE HOLMES, INC.	  	New Jersey	  	10/23/96	  	1728383	  	UCC-1	  	Chase Equipment Leasing, Inc.	  	Equipment
		  		  	07/02/01	  	1728383	  	Cont	  		  	
	GRACE HOLMES, INC.	  	New York	  	03/07/00	  	045697	  	UCC-1	  	Jacom Computer Services, Inc.	  	Equipment
	GRACE HOLMES, INC.	  	NY County, NY	  	04/04/00	  	00PN17411	  	UCC-1	  	Jacom Computer Services, Inc.	  	Equipment
	GRACE HOLMES, INC.	  	North Carolina	  	10/04/96	  	1384737	  	UCC-1	  	Chase Equipment Leasing, Inc.	  	Equipment
		  		  	05/15/01	  	20010046995	  	Cont	  		  	
	GRACE HOLMES, INC.	  	North Carolina	  	03/08/00	  	20000024648	  	UCC-1	  	Jacom Computer Services, Inc.	  	Equipment

  

	*	Will have lapsed by closing date. 

	**	Tax Warrant discharged after search date. 

													
	 Debtor
	  	 Jurisdiction
	  	File Date	  	File Number	  	Type
of Lien	  	 Secured Party
	  	Collateral
	GRACE HOLMES, INC.	  	Virginia	  	03/07/00	  	003077134	  	UCC-1	  	Jacom Computer Services, Inc.	  	Equipment
	H.F.D. NO. 55, INC.	  	Gordon County, Georgia	  	10/22/98	  	BK 14/73	  	Tax	  	Gordon County Tax Commission	  	Tax Warrant
	H.F.D. NO. 55, INC.	  	Gordon County, Georgia	  	09/24/02	  	BK 17/73	  	Tax	  	Georgia Department of Labor	  	Tax Warrant
	H.F.D. NO. 55, INC.	  	NY County, NY	  	07/27/98	  	5573978	  	Tax	  	NYC Department of Finance	  	Tax Warrant
	H.F.D. NO. 55, INC.	  	NY County, NY	  	07/27/98	  	5573979	  	Tax	  	NYC Department of Finance	  	Tax Warrant
	J. CREW GROUP, INC.	  	New Jersey	  	06/07/94	  	1574515	  	UCC-1	  	U.S. Bancorp Leasing & Financial American Finance Group, Inc.	  	Equipment
		  		  	12/04/96	  	1574515	  	Assign	  		  	
		  		  	05/13/99	  	1574515	  	Cont	  		  	
	J. CREW GROUP, INC.	  	New Jersey	  	02/27/97	  	1752264	  	UCC-1	  	F.L. Partnership Management, Inc.	  	Equipment
	J. CREW GROUP, INC.	  	New Jersey	  	12/19/97	  	1808151	  	UCC 1	  	The Financial Corporation of Illinois	  	Equipment
	J. CREW GROUP, INC.	  	New Jersey	  	04/22/98	  	1831262	  	UCC-1	  	Fidelity Leasing Income Fund VII	  	Equipment
	J. CREW GROUP, INC.	  	New York	  	12/22/97	  	261822	  	UCC-1	  	Oliver-Allen Corporation	  	Equipment
	J. CREW GROUP, INC.	  	New York	  	12/22/97	  	261828	  	UCC-1	  	Oliver-Allen Corporation	  	Equipment
		  		  	08/06/02	  	181554	  	Cont	  		  	
	J. CREW GROUP, INC.	  	New York	  	08/10/98	  	170815	  	UCC-1	  	Copelco Capital, Inc.	  	Equipment
	J. CREW GROUP, INC.	  	New York	  	10/06/98	  	212818	  	UCC-1	  	First American Commericial Bancorp, Inc.	  	Equipment
	J. CREW GROUP, INC.	  	New York	  	09/10/99	  	182951	  	UCC-1	  	American Equipment Leasing	  	Equipment

  

	*	Will have lapsed by closing date. 

	**	Tax Warrant discharged after search date. 

													
	 Debtor
	  	 Jurisdiction
	  	File Date	 	File Number	 	Type
of Lien	  	 Secured Party
	  	Collateral
	J. CREW GROUP, INC.	  	New York	  	05/17/00	 	097337	 	UCC-1	  	Jacom Computer Services, Inc.	  	Equipment
	J. CREW GROUP, INC.	  	New York	  	09/27/00	 	187082	 	UCC-1	  	JTA Leasing Co. LLC	  	Equipment
	J. CREW GROUP, INC.	  	New York	  	01/28/02	 	021048	 	UCC-1	  	EMC Corporation	  	Equipment
	J. CREW GROUP, INC.	  	New York	  	02/08/02	 	031977	 	UCC-1	  	Crown Credit Company	  	Equipment
	J. CREW GROUP, INC.	  	New York	  	04/16/02	 	088528	 	UCC-1	  	Raymond Leasing Corporation	  	Equipment
	J. CREW GROUP, INC.	  	New York	  	06/17/02	 	141955	 	UCC-1	  	Marlin Leasing Corp.	  	Equipment
	J. CREW GROUP, INC.	  	New York	  	06/21/02	 	146081	 	UCC-l	  	Wells Fargo Financial Leasing	  	Equipment
	J. CREW GROUP, INC.	  	New York	  	08/21/02	 	193972	 	UCC-1	  	Fidelity Leasing, A Division of EAB Leasing Corp.	  	Equipment
	J. CREW GROUP, INC.	  	NY County, NY	  	10/03/97*	 	97PN45716	 	UCC-1	  	Copelco Capital, Inc.	  	Equipment
	J. CREW GROUP, INC.	  	NY County, NY	  	08/13/98	 	98PN42878	 	UCC-1	  	Copelco Capital, Inc.	  	Equipment
	J. CREW GROUP, INC.	  	NY County, NY	  	10/06/98	 	98PN52872	 	UCC-1	  	Imperial Business Credit, Inc.	  	Equipment
	J. CREW GROUP, INC.	  	NY County, NY	  	09/15/99	 	99PN50513	 	UCC-1	  	American Equipment Leasing	  	Equipment
	J. CREW GROUP, INC.	  	NY County, NY	  	05/17/00	 	00PN24945	 	UCC-1	  	Jacom Computer Services, Inc.	  	Equipment
	J. CREW GROUP, INC.	  	NY County, NY	  	06/27/00	 	00PN32012	 	UCC-1	  	Conseco Finance Vendor Services Corp.	  	Equipment
	J. CREW GROUP, INC.	  	NY County, NY	  	10/05/00	 	00PN49382	 	UCC-1	  	JTA Leasing CO, LLC	  	Equipment
	J. CREW GROUP, INC.	  	NY County, NY	  	12/22/97	 	001049713**	 	Tax	  	NYC Department of Finance	  	Tax Warrant
	J. CREW GROUP, INC.	  	NY County, NY	  	12/22/97	 	001049714**	 	Tax	  	NYC Department of Finance	  	Tax Warrant
	J. CREW GROUP, INC	  	North Carolina	  	03/19/01	 	20010027107	 	UCC-1	  	Carolina Handling LLC	  	Equipment
	J. CREW GROUP, INC.	  	North Carolina	  	05/25/01	 	20010050237	 	UCC-1	  	EMC Corporation Associates Leasing Inc.	  	Equipment

  

	*	Will have lapsed by closing date. 

	**	Tax Warrant discharged after search date. 

													
	 Debtor
	  	 Jurisdiction
	  	File Date	  	File Number	  	Type
of Lien	  	 Secured Party
	  	Collateral
	J. CREW GROUP, INC.	  	Virginia	  	12/29/97	  	9712297433	  	UCC-1	  	Associates Commercial Corporation	  	Equipment
	J. CREW GROUP, INC.	  	Virginia	  	01/13/98	  	9801137118	  	UCC-1	  	IBM Credit Corporation	  	Equipment
	J. CREW GROUP, INC.	  	Virginia	  	03/09/98	  	9803097144	  	UCC-1	  	IBM Credit Corporation	  	Equipment
	J. CREW GROUP, INC.	  	Virginia	  	03/09/98	  	9803097145	  	UCC-1	  	IBM Credit Corporation	  	Equipment
	J. CREW GROUP, INC.	  	Virginia	  	03/23/98	  	9803237600	  	UCC-1	  	ComSource, Inc.	  	Equipment
	J. CREW GROUP, INC.	  	Virginia	  	08/21/98	  	9808217193	  	UCC-1	  	Associates Leasing, Inc.	  	Equipment
	J. CREW GROUP, INC.	  	Virginia	  	09/02/98	  	9809027025	  	UCC-1	  	Associates Commercial Corporation	  	Equipment
	J. CREW GROUP, INC.	  	Virginia	  	07/28/99	  	9907287061	  	UCC-1	  	CCA Financial, Inc.	  	Equipment
	J. CREW GROUP, INC.	  	Virginia	  	09/10/99	  	9909107157	  	UCC-1	  	American Equipment Leasing, a division of EAB Leasing Corp.	  	Equipment
	J. CREW GROUP, INC.	  	Virginia	  	10/27/99	  	9910277014	  	UCC-1	  	CCA Financial, Inc.	  	Equipment
	J. CREW GROUP, INC.	  	Virginia	  	11/12/99	  	9911127315	  	UCC-1	  	IBM Credit Corporation	  	Equipment
	J. CREW OPERATING CORP.	  	Delaware	  	05/6/02	  	21321425	  	UCC-1	  	Preferred Capital, Inc.	  	Equipment

  

	*	Will have lapsed by closing date. 

	**	Tax Warrant discharged after search date. 

 SCHEDULE 8.6 

to 
 INFORMATION
CERTIFICATE 
 Pending Litigation 

Charles E. Hill & Associates, Inc. v. Amazon.com, Inc. et al. – In 2002, Plaintiff filed a lawsuit against a
group of defendants, including J. Crew Group, Inc., in the U.S. District Court for the Eastern District of Texas, Marshall Division, alleging patent infringement relating to each defendant’s eCommerce business. 

 SCHEDULE 8.8 

to 
 INFORMATION
CERTIFICATE 
 Environmental Compliance 

None 

 SCHEDULE 8.10 

to 
 INFORMATION
CERTIFICATE 
 Deposit Accounts; Investment Accounts 

A. Part I - Deposit Accounts 
  

							
	 Name of Company
	  	 Name and Address of Bank
	  	 Account No.
	  	 Purpose*

				
	J. Crew International Inc.	  	JP Morgan Chase Bank
Wilmington, DE	  	023-500987	  	Business Checking

 See attached
list for additional deposit accounts 
 B. Part 2 - Investment and Other Accounts 

 

							
	 Name of Company
	  	 Name and Address
of Broker

or Other Institution
	  	 Account No.
	  	 Types of
Investments

				
	J. Crew Operating Corp.	  	Merrill Lynch	  	318-3323539-2	  	Merrill Lynch Premier Institutional Fund
				
	J. Crew International, Inc.	  	JP Morgan Chase Bank Wilmington, DE	  	C-87625-00-7	  	Asset Account Portfolio (JP Morgan Prime Money Market)

 

	*	For the “purpose” indicate either: (a) “collection account” if proceeds of receivables or other assets are deposited in it, and note
“lockbox” if it is subject to lockbox servicing arrangements with the applicable bank or “disbursement account” if it is a checking account or (b) account used for transferring funds to third parties, and in addition,
indicate if it is used for a specific purpose, e.g., “payroll”, “medical”, etc. 

 Updated List 

 ̄         

 

									
	 Store
	  	 	  	 Bank
	  	Account Number	  	 Sub-Account Numbers

	2	  		  	First Banking Center	  	40034496	  	
	3	  		  	Citizens National Bank	  	33840	  	
	5	  		  	South Carolina B&T	  	120198650	  	
	6	  		  	The Berlin City Bank	  	29830	  	
	8	  		  	Key Bank	  	29203660	  	
	9	  		  	National City	  	3333100033	  	
	10	  		  	Peoples Heritage Bank	  	27266437	  	
	14	  		  	1st Bank of Silverthorne	  	4065502802	  	
	16	  		  	AMSouthBank	  	87245388	  	
	17	  		  	National City	  	189208	  	
	18	  		  	Factory Point National	  	1128698	  	
	19	  		  	Trustmark	  	7103005071	  	
	21	  		  	Sovereign Bank	  	81033435	  	
	22	  		  	Fleet	  	9366179990	  	
	23	  		  	Citizens Bank	  	6100169545	  	
	27	  		  	Wachovia	  	2090000803749	  	
	28	  		  	Pemigewasset National	  	613231	  	
	29	  		  	Irwin Union Bank	  	39852173	  	
	31	  		  	Wells Fargo	  	610106155	  	
	33	  		  	Community Bank & Trust	  	155093	  	
	34	  		  	Skagit State Bank	  	3887001446	  	
	35	  		  	Wells Fargo	  	6161030817	  	
	36	  		  	BB&T	  	5142123675	  	
	37	  		  	Compass Bank	  	809001381	  	
	38	  		  	Wilmington Trust	  	27614736	  	
	42	  		  	Citizens Bank	  	2202532670	  	
	43	  		  	Union Planters Bank	  	6411362660	  	
	44	  		  	National Bank of Geneva	  	277788358	  	
	45	  		  	National City	  	71761401	  	
	46	  		  	Legacy Banks	  	1115003632	  	
	48	  		  	Wachovia	  	2000009172403	  	
	51	  		  	The Fidelity Bank	  	168400104	  	
	52	  		  	Wachovia	  	2000014597617	  	
	53	  		  	Wrentham Co-Operative	  	16005373	  	
	100	  		  	Bank of America (factory)	  	5486854671	  	
		  	4	  		  		  	5486851959
		  	24	  		  		  	5493629970
		  	25	  		  		  	5486851946
		  	30	  		  		  	5486851933
		  	39	  		  		  	5486851920
		  	49	  		  		  	5486854668
	101	  		  	HSBC	  	834147599	  	
	301	  		  	SouthTrust Bank	  	70972621	  	
	302	  		  	SunTrust	  	8801964167	  	
	303	  		  	Citibank	  	800374758	  	
	492	  		  	Key	  	479681021222	  	
		  	594	  		  		  	479681021230
		  	604	  		  		  	479881021248
		  	617	  		  		  	479681021255
		  	634	  		  		  	479681021016

  

 1 

									
	 Store
	  	 	  	 Bank
	  	Account Number	  	 Sub-Account Numbers

	493	  		  	Fleet	  	9429133405	  	
	494	  		  	US Bank (firstar)	  	823312079	  	
		  	528	  		  		  	153910034484
		  	573	  		  		  	488836172
		  	582	  		  		  	190918474
		  	600	  		  		  	754880292
	495	  		  	Bank One	  	633498019	  	
		  	513	  		  		  	631050366
		  	514	  		  		  	363511554
		  	527	  		  		  	705001244940
		  	535	  		  		  	622713972
		  	549	  		  		  	633496043
		  	566	  		  		  	205000115365
		  	568	  		  		  	633498050
		  	590	  		  		  	1589015849
		  	591	  		  		  	622714012
		  	615	  		  		  	363565924
		  	616	  		  		  	631050424
		  	620	  		  		  	643950413
		  	625	  		  		  	901064807
		  	631	  		  		  	633549084
		  	637	  		  		  	192493995
		  	651	  		  		  	363669634
		  	661	  		  		  	627216534
	496	  		  	Wells Fargo	  	4944051168	  	
		  	506	  		  		  	4944093780
		  	521	  		  		  	4944093798
		  	522	  		  		  	4944093806
		  	534	  		  		  	4944093814
		  	546	  		  		  	4944093822
		  	548	  		  		  	4944093830
		  	555	  		  		  	4944093848
		  	556	  		  		  	4944093855
		  	558	  		  		  	4944093863
		  	569	  		  		  	4944093871
		  	592	  		  		  	4944093913
		  	608	  		  		  	4944177971
		  	610	  		  		  	4944224807
		  	621	  		  		  	4944289867
		  	652	  		  		  	4944247717
		  	656	  		  		  	4944163948
		  	659	  		  		  	4944177989
		  	673	  		  		  	4944265289
	497	  		  	Wachovia	  	2000006158543	  	
	498	  		  	Bank of America (retail)	  	5486854684	  	
		  	502	  		  		  	5486852589
		  	504	  		  		  	5486854642

  

 2 

									
	 Store
	  	 	  	 Bank
	  	Account Number	  	 Sub-Account Numbers

		  	508	  		  		  	5486854639
		  	510	  		  		  	5486854626
		  	517	  		  		  	5486854613
		  	523	  		  		  	5486854600
		  	524	  		  		  	5486854590
		  	526	  		  		  	5486852259
		  	529	  		  		  	5486852246
		  	538	  		  		  	5486852233
		  	541	  		  		  	5486852220
		  	550	  		  		  	5486852217
		  	554	  		  		  	5486852204
		  	557	  		  		  	5486852194
		  	559	  		  		  	5486852181
		  	562	  		  		  	5486852178
		  	572	  		  		  	5486852165
		  	577	  		  		  	5486852152
		  	578	  		  		  	5486852149
		  	584	  		  		  	5486852123
		  	585	  		  		  	5486852110
		  	588	  		  		  	5486852107
		  	589	  		  		  	5486852097
		  	596	  		  		  	5486852084
		  	599	  		  		  	5486852068
		  	605	  		  		  	5486852055
		  	609	  		  		  	5486852042
		  	613	  		  		  	5486852039
		  	623	  		  		  	5487721538
		  	627	  		  		  	5486852026
		  	628	  		  		  	5486852013
		  	630	  		  		  	5488743065
		  	635	  		  		  	5486852000
		  	638	  		  		  	5486851991
		  	639	  		  		  	5495582170
		  	641	  		  		  	5486851988
		  	646	  		  		  	5486851975
		  	647	  		  		  	5486851962
	499	  		  	Chase	  	323187536	  	
	509	  		  	Chevy Chase Bank	  	1624300740	  	
	518	  		  	National City	  	657178081	  	
	525	  		  	Banknorth, N.A.	  	138003661	  	
	532	  		  	BB&T	  	5135715427	  	
	533	  		  	Community First National	  	4505019507	  	
	551	  		  	Washington Mutual Bank	  	9362299202	  	
	561	  		  	Hillcrest Bank	  	10026654	  	
	563	  		  	HSBC	  	148018211	  	
	571	  		  	PNC Bank	  	5603610986	  	
	587	  		  	Standard Federal Bank	  	5893069517	  	
	588	  		  	First National Bank of CO	  	242421	  	
	593	  		  	AMSouth Bank	  	1004078561	  	
	597	  		  	Citizens Bank	  	6101281055	  	

  

 3 

									
	 Store
	  	 	  	 Bank
	  	Account Number	  	 Sub-Account Numbers

	601	  		  	Chevy Chase Bank	  	1074303857	  	
	602	  		  	Highland Bank	  	3010014677	  	
	618	  		  	National City	  	96463682	  	
	619	  		  	Sky Bank	  	6700020464	  	
	633	  		  	BB&T	  	5182873294	  	
	643	  		  	National City	  	967011017	  	
	644	  		  	Valley National Bank	  	40744841	  	
	648	  		  	Canandaigua National B&T	  	1101037872	  	
	650	  		  	Fifth Third Bank	  	7160918800	  	
	671	  		  	National City	  	649900484	  	
	Corp	  		  	Chase - Corp Concentration	  	22073673	  	
	Corp	  		  	Wachovia - Corp Concentration	  	2000015151816	  	
	Direct	  		  	Suntrust	  	201334097	  	

  

 4 

 SCHEDULE 8.11 

to 
 INFORMATION
CERTIFICATE 
 Intellectual Property 

A list of all registered trademarks and all pending trademark applications by J. Crew International, Inc. is attached. 

Other than the registered trademark, no Company owns or licenses from any third party any trademarks, copyrights or patents (other than software
licenses in the ordinary course of business). 
 J. Crew International, Inc. currently licenses its trademark “J. Crew” and
certain know-how to Itochu Corporation for use in connection with the manufacture and sale of merchandise in Japan. 

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
		  		  		  		  		  	Updated list	  	
		  		  		  		  		  	 ̄	  	
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	Argentina	  	CREWCUTS	  	2008284	  	11-07-95	  	1615822	  	9/16/1996	  	REGISTERED
	
	25: CLASS HEADING
							
	Argentina	  	J. CREW	  	1833779	  	02-26-92	  	1732673	  	4/22/1999	  	REGISTERED
	
	25: ALL GOODS UNDER THIS CLASS
							
	Argentina	  	J. CREW	  	1833780	  	02-26-92	  	1556012	  	3/31/1995	  	REGISTERED
	
	35: SALES PROMOTION BY MEANS OF CATALOGUES AND MAIL RELATING TO THE FIELD OF CLOTHING, LUGGAGE AND CLOTHING ACCESSORIES
							
	Argentina	  	J. CREW	  	2163790	  	07-20-98	  	1770468	  	1/10/2000	  	REGISTERED
	
	9: LENSES, SUNGLASSES, EYEGLASSES, FRAMES; CARRYING CASES FOR SUNGLASSES AND EYEGLASSES, SPECIAL CASES FOR GLASSES AND LENSES, PARTS AND FITTINGS FOR SUNGLASSES AND
EYEGLASSES, CORDS AND CHAINS FOR EYEGLASSES
							
	Argentina	  	J. CREW	  	2163791	  	07-20-98	  	1770469	  	1/10/2000	  	REGISTERED
	
	16: PRINTED MATTER, MAGAZINES, AND CATALOGS
							
	Argentina	  	J. CREW and Design (with oarsman and underline)	  	1833782	  	02-26-92	  	1676462	  	7/24/1998	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	25: MEN’S AND WOMEN’S SHIRTS, SWEATERS, SHOES, CAPS, HATS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SLICKERS, SKIRTS, BLOUSES AND DRESSES

  

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    1

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	Argentina	  	J. CREW and Design (with oarsman and underline)	  	1833783	  	02-26-92	  	1556013	  	3/31/1993	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	35: SALES PROMOTION BY MEANS OF CATALOGUES AND MAIL RELATING TO THE FIELD OF CLOTHING, LUGGAGE AND CLOTHING ACCESSORIES
							
	Australia	  	J. CREW	  	B598886	  	03-23-93	  	598886	  	11/14/1997	  	REGISTERED
	
	16: MAIL ORDER CATALOGUES AND ALL OTHER GOODS IN THIS CLASS
							
	Australia	  	J. CREW and Design (with oarsman and no underline)	  	B598890	  	03-23-93	  	598890	  	11/14/1997	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	16: MAIL ORDER CATALOGUES AND ALL OTHER GOODS IN THIS CLASS
							
	Austria	  	CREWCUTS	  	AM5475/95	  	09-27-95	  	160913	  	11/13/1995	  	REGISTERED
	
	25: CLASS HEADING
							
	Benclux	  	CREWCUTS	  	856183	  	09-22-95	  	577814	  	9/22/1995	  	REGISTERED
	
	25: CLOTHING, FOOTWEAR, HEADGEAR
							
	Benclux	  	J. CREW	  	713271	  	03-22-88	  	447085	  	3/22/1988	  	REGISTERED
	
	18: BELTS
	
	25: MEN’S AND WOMEN’S SHIRT, SWEATERS, SHOES, CAPS, HATS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SLICKERS, SKIRTS, BLOUSES AND DRESSES

  

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    2

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	Bermuda	  	CREWCUTS	  	27871	  	05-22-96	  	27871	  	5/22/1996	  	REGISTERED
	
	25: SHIRTS, SWEATERS, CAPS, HATS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SLICKERS, BLOUSES, DRESSES, SKIRTS, KNIT TOPS, UNDERSHIRTS, SHOES,
ATHLETIC SHOES AND BOOTS
							
	Bermuda	  	J.CREW	  	26724	  	02-22-95	  	B26724	  	2/22/1995	  	REGISTERED
	
	25: SHIRTS, T-SHIRTS, BLOUSES, CAMISOLES, SWEATSHIRTS, SWEATERS, CARDIGANS, VESTS, TUNICS, COATS, JACKETS, SLICKERS, BLAZERS, SUITS, BODYSUITS, TANK TOPS, ROMPERS,
JUMPSUITS, PANTS, JEANS, SHORTS, STIRRUPS, SKIRTS, DRESSES, CHEMISES, PAJAMAS, NIGHT-GOWNS, BELTS, SWIMWEAR, LINGERIE, PANTIES. BRAS, SLIPS, HOSIERY, SOCKS, LEGGINGS, EXERCISEWEAR, LEOTARDS, UNITARDS, BICYCLE SHORTS, BRA TOPS, SCARVES, BANDANNAS.
GLOVES, HATS, FOOTWEAR, SLIPPERS, SHOES, SNEAKERS, MULES, SANDALS, MOCCASINS, ESPADRILLES AND THONGS
							
	Bermuda	  	J. CREW & DESIGN	  	26449	  	10-05-94	  	26449	  	10/5/1994	  	REGISTERED
	
	25: SHIRTS, T-SHIRTS, BLOUSES, CAMISOLES, SWEATSHIRTS, SWEATERS, CARDIGANS, VESTS, TUNICS, COATS, JACKETS, SLICKERS, BLAZERS, SUITS, BODYSUITS, TANK TOPS, ROMPERS,
JUMPSUITS, PANTS, JEANS, SHORTS, STIRRUPS, SKIRTS, DRESSES, CHEMISES, PAJAMAS, NIGHT-GOWNS, BELTS, SWIMWEAR, LINGERIE, PANTIES, BRAS, SLIPS, HOSIERY, SOCKS, LEGGINGS, LEOTARDS, UNITARDS, BICYCLE SHORTS, BRA TOPS, SCARVES, BANDANNAS, GLOVES, HATS,
FOOTWEAR, SLIPPERS, SHOES, SNEAKERS, MULES, SANDALS, MOCCASINS, ESPADRILLES AND THONGS
							
	Brazil	  	CREWCUTS	  	818908173	  	11-16-95	  	818908173	  	10/24/2000	  	REGISTERED
	
	25: SHIRTS, SWEATERS, CAPS, HATS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SLICKERS, BLOUSES, DRESSES, SKIRTS, KNIT TOPS, UNDERSHIRTS, SHOES,
ATHLETIC SHOES AND BOOTS
							
	Brazil	  	J.CREW	  	816726361	  	05-19-92	  	816726361	  	10/28/1997	  	REGISTERED
	
	NA 25.10 AND 25.60: DESIGNING AND MERCHANDISING OF MEN’S AND WOMEN’S APPAREL, APPAREL-RELATED ACCESSORIES AND LUGGAGE AND SALES OF SUCH MERCHANDISE THROUGH
RETAIL STORES AND MAIL ORDER
							
	Brazil	  	J.CREW	  	817895256	  	06-16-94	  	817895256	  	9/17/1996	  	REGISTERED
	
	NA 40.15: RETAIL AND MAIL ORDER SERVICES IN THE FIELD OF CLOTHING, CLOTHING ACCESSORIES, JEWELRY AND LUGGAGE; FACTORY RETAIL, AND WHOLESALE OUTLET STORE SERVICES IN THE
FIELD OF CLOTHING, CLOTHING ACCESSORIES, JEWELRY AND LUGGAGE

  

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    3

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	Brazil	  	J. CREW and Design (with oarsman and underline)	  	816727880	  	05-20-92	  	816727880	  	8/26/1997	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	NA 25.10 AND 25.60: DESIGNING AND MERCHANDISING OF MEN’S AND WOMEN’S APPAREL, APPAREL-RELATED ACCESSORIES AND LUGGAGE AND SALES OF SUCH MERCHANDISE THROUGH
RETAIL STORES AND MAIL ORDER
							
	Canada	  	CREWCUTS	  	788044	  	07-20-95	  	498047	  	7/29/1998	  	REGISTERED
	
	BASED ON USE: WEARING APPAREL, NAMELY CHILDREN’S SHIRTS, SWEATERS, SHOES, CAPS, HATS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SLICKERS,
SHIRTS, BLOUSES, DRESSES;
	
	BASED ON USE: WEARING APPAREL, NAMELY SHIRTS, SWEATERS, CAPS, HATS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SLICKERS, BLOUSES, DRESSES, SKIRTS,
KNIT TOPS, UNDERSHIRTS, SHOES, ATHLETIC SHOES AND BOOTS
							
	Canada	  	J. CREW	  	768042	  	11-08-94	  	469783	  	1/27/1997	  	REGISTERED
	
	CLOTHING AND ACCESSORIES, NAMELY, SHIRTS, SWEATERS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, JEANS, BELTS, SOCKS, JACKETS, COATS, SLICKERS, SKIRTS, BLOUSES, DRESSES,
CARDIGANS, VESTS, SCARVES, JUMPSUITS, T-SHIRTS, TIES, GLOVES, TANK TOPS, BLAZERS, LIGERIE, CAMISOLES, CHEMISES, UNDERWEAR, BRAS, BRA TOPS, SLEEPWEAR, HORSIERY, SWIMWEAR, SUITS, LEGGINGS, BODYSUITS, ROMPERS, ROBES, LEOTARDS, TUNICS; FOOTWEAR, NAMELY
SHOES, SNEAKERS, BOOTS, ESPADRILLES, SCANDALS, MOCCASINS, SLIPPERS, THONGS, MULES: HEADWEAR, NAMELY CAPS, HATS, HEAD BANDS: SUNGLASSES; BACKPACKS, DUFFLE BAGS, TOTE BAGS; MAIL ORDER SERVICES
							
	Canada	  	J. CREW and Design (with oarsman and underline)	  	604038	  	04-05-88	  	375013	  	11/2/1990	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	MEN’S AND WOMEN’S SHIRTS, SWEATERS, SHOES, CAPS, HATS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SLICKERS, SKIRTS, BLOUSES AND DRESSES;
LUGGAGE, UMBRELLAS, HANDBAGS AND DUFFEL BAGS; RETAIL CATALOG SERVICES IN THE FIELD OF CLOTHING, LUGGAGE AND CLOTHING ACCESSORIES
							
	Canada	  	jcrew.ca	  		  		  		  		  	Registered

  

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    4

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	China (People’s Republic Of)	  	CREWCUTS (ENGLISH AND CHINESE CHARACTERS)	  	950123345	  	09-29-95	  	997228	  	5/6/1997	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	25: CLOTHING, FOOTWEAR AND HEADGEAR
							
	China (People’s Republic Of)	  	J. CREW	  	9700128772	  	12-02-97	  	1281194	  	6/7/1999	  	REGISTERED
	
	9: EYEGLASSES, PINCE-NEZ, CONTACT LENSES, EYEGLASSES CASES, PINCE-NEZ CASES, CHAINS FOR EYE GLASSES, BOXES FOR CONTACT LENSES,, EYEGLASS FRAMES, CONTAINERS FOR CONTACT
LENSES, CLEANING CLOTHS FOR EYEGLASSES, SPECTACLES, LENSES FOR EYEGLASSES, LENSES (OPTICS), CHAINS FOR PINCE-NEZ, STRING FOR PINCE-NEZ AND FRAMES FOR PINCE-NEZ
							
	China (People’s Republic Of)	  	J. CREW & DESIGN (WITH LINE)	  	8832227	  	09-10-88	  	358993	  	8/29/1989	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	25: MEN’S AND WOMEN’S SHIRTS, SWEATERS, SHORTS, SWEATSHIRTS, PANTS, JACKETS, SLICKERS, SKIRTS, BLOUSES, DRESSES, SHOES, CAPS AND HATS
							
	China (People’s Republic Of)	  	J. CREW (CHINESE CHARACTERS)	  	94111635	  	10-31-94	  	882248	  	10/14/1996	  	REGISTERED
		
	25: CLOTHING, FOOTWEAR AND HEADGEAR	  	
							
	China (People’s Republic Of)	  	J. CREW (STYLIZED)	  	8836338	  	10-14-88	  	362359	  	9/29/1989	  	REGISTERED
	
	25: CLOTHING INCLUDING MEN’S AND WOMEN’S SHIRTS, SWEATERS, SHORTS, SWEAT SHIRTS, PANTS, JACKETS, SLICKERS, SKIRTS, BLOUSES, DRESSES AND
SOCKS

  

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    6

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	China (People’s Republic Of)	  	J. CREW (STYLIZED)	  	8836339	  	10-14-88	  	361137	  	9/9/1989	  	REGISTERED
	
	25: SHOES, CAPS AND HATS (FORMERLY LOCAL CLASS 54)
							
	China (People’s Republic Of)	  	J. CREW (STYLIZED)	  	8836340	  	10-14-88	  	362731	  	9/29/1989	  	REGISTERED
	
	24: BANDANNAS
							
	China (People’s Republic Of)	  	J. CREW and Design (with oarsman and underline)	  	8832226	  	09-10-88	  	362742	  	9/29/1989	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	25: SOCKS AND BANDANNAS
							
	China (People’s Republic Of)	  	J. CREW and Design (with oarsman and underline)	  		  		  	384288	  	9/29/1989	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	24: BANDANNAS
							
	Columbia	  	CREWCUTS	  	9503339	  	11-10-95	  	184927	  	3/1/1996	  	REGISTERED
	
	25: CLOTHING FOOTWEAR AND HEADGEAR
							
	Columbia	  	J. CREW	  	94.006.448	  	02-18-94	  		  		  	FILED
	
	25: MEN’S AND WOMEN’S SHIRTS, SWEATERS, SHOES, CAPS, HATS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SLICKERS, SKIRTS, BLOUSES AND DRESSES

  

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    7

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	Columbia	  	J. CREW and Design (with oarsman and underline	  	94.006.449	  	02-18-94	  		  		  	FILED
							
		  	

	  		  		  		  		  	
	
	25: MEN’S AND WOMEN’S SHIRTS, SWEATERS, SHOES, CAPS, HATS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SLICKERS, SKIRTS, BLOUSES, DRESSES

							
	Denmark	  	CREW	  	1337/1982	  	04-02-82	  	1337/1982	  	4/2/1982	  	REGISTERED
	
	25: ALL GOODS UNDER THIS CLASS
							
	Ecuador	  	J. CREW	  	110172	  	12-27-00	  	1156501	  	5/15/2001	  	REGISTERED
	
	25: SHIRTS, POLO’S, BLOUSES, CAMISOLES, T-SHIRTS, SWEATERS, CARDIGANS, VESTS, TUNICS, COATS, JACKETS, BLAZERS, SUITS, TANK TOPS, CLOTHING SETS FOR CHILDREN, SKI
CLOTHES, PANTS, JEANS, SHORTS, OVERALLS, SKIRTS, DRESSES, WOMEN’S SHIRTS, PYJAMAS, NIGHTGOWNS, BELTS, SWIMSUITS, UNDERGARMENTS FOR WOMEN, KNEE-HI, BRAS, UNDERWEAR, SPORTSWEAR AND EXERCISE WEAR, HANKERCHIEFS, GLOVES, HATS, SHOES, SNEAKERS,
SANDALS, MOCASSINS, THONGS AND ALL OTHER GOODS IN THIS CLASS
							
	European Union	  	CREWCUTS	  	147629	  	04-01-96	  	147629	  	4/1/1996	  	REGISTERED
	
	 25: CLOTHING, FOOTWEAR, HEADGEAR
  

SENIORITY CLAIMED IN AUSTRIA

							
	European Union	  	CREWCUTS	  	003431319	  	10-30-03	  		  		  	FILED
	
	18: LEATHER AND IMITATION LEATHER AND GOODS MADE OF THESE MATERIALS AND NOT INCLUDED IN OTHER CLASSES; ANIMAL SKINS, HIDES, TRUNKS AND TRAVELLING BAGS; UMBRELLAS,
PARASOLS AND WALKING STICKS; WHIPS, HARNESS AND SADDLERY; LUGGAGE, HANDBAGS, DUFFEL BAGS, TOTE BAGS, WEEKENDER BAGS, BACKPACKS, PURSES, COSMETIC CASES (SOLD EMPTY), SHAVING KITS (SOLD EMPTY), BILLFOLDS, COIN CASES, KEY CASES, AND EYEGLASS
CASES
	
	25: CLOTHING, FOOTWEAR, HEADGEAR; SHIRTS, T-SHIRTS, JERSEYS, SWEATERS, SWEATSHIRTS, UNDERWEAR, UNDERSHIRTS, SOCKS, BLOUSES, DRESSES, SKIRTS, KNIT TOPS, ROBES, SHORTS,
SLACKS, TROUSERS, PANTS, BELTS, JACKETS, SUITS, VESTS, COATS, RAINCOATS, SLICKERS, NAUTICAL CLOTHING, GYMNASTIC CLOTHING, SPORT AND LEISURE CLOTHING, PERSONAL LINENS AND ACCESSORIES, TIES, NECKTIES, SCARVES, BANDANNAS, ATHLETIC SHOES, BOOTS, CAPS
AND HATS
	
	 35: ADVERTISING; BUSINESS MANAGEMENT; BUSINESS ADMINISTRATION: OFFICE FUNCTIONS; RETAIL SERVICES: RETAIL STORE SERVICES FOR
APPAREL, SHOES, ACCESSORIES, JEWELRY, COSMETICS, TOILETRIES, FRAGRANCES AND HOME FURNISHINGS; BUSINESS MANAGEMENT CONSULTANCY, INCLUDING GIVING ASSISTANCE AND ADVICE IN THE ESTABLISHMENT OF RETAIL STORES IN THE FIELD OF APPAREL, SHOES, ACCESSORIES,
JEWELRY, COSMETICS, TOILETRIES, FRAGRANCES AND HOME FURNISHINGS, THE BRINGING TOGETHER FOR THE BENEFIT OF OTHERS, OF APPAREL, SHOES, ACCESSORIES, JEWELRY, COSMETICS, TOILETRIES, FRAGRANCES AND HOME FURNISHINGS, EXCLUDING THE TRANSPORT THEREOF,
ENABLING CONSUMERS TO CONVENIENTLY VIEW AND PURCHASE THOSE GOODS
  
 SENIORITY
CLAIMED: AUSTRIA, BENELUX, FRANCE, GERMANY, GREECE, IRELAND, ITALY, PORTUGAL, SPAIN AND SWITZERLAND

  

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    8

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	European Union	  	J. CREW	  	173210	  	04-01-96	  	173210	  	3/9/1999	  	Registered
	
	16: PRINTED MATTER. MAGAZINES, MAIL ORDER CATALOGS FOR ALL KINDS OF GOODS:
	
	18: LEATHER AND IMITATION LEATHER AND GOODS MADE OF THESE MATERIALS: ANIMAL SKINS, HIDES, LUGGAGE, HANDBAGS, DUFFEL BAGS, TOTE BAGS, WEEKENDER BAGS, BACKPACKS, PURSES,
COSMETIC CASES (SOLD EMPTY) SHAVING KITS (SOLD EMPTY) BILLFOLDS, PASSPORT CASES, COIN CASES, KEY CASES, EYEGLASS CASES, CHECK BOOK CASES, TRUNKS AND TRAVELING BAGS; UMBRELLAS: PARASOLS; AND WALKING STICKS;
	
	25: CLOTHING NAMELY SHIRTS, T-SHIRTS, JERSEYS, SWEATERS, SWEATSHIRTS, UNDERWEAR, UNDERSHIRTS, SOCKS, BLOUSES, DRESSES, SKIRTS, KNIT TOPS, ROBES, SHORTS, SLACKS,
TROUSERS, PANTS, BELTS, JACKETS, SUITS, VESTS, COATS, RAINCOATS, SLICKERS, NAUTICAL CLOTHING, GYMNASTIC CLOTHING, SPORT AND LEISURE CLOTHING, PERSONAL LINENS AND ACCESSORIES, TIES, NECKTIES, HANDKERCHIEFS, SCARVES, BANDANNAS: FOOTWEAR NAMELY SHOES,
ATHLETIC SHOES, BOOTS: HEADWEAR NAMELY CAPS AND HATS
	
	SENIORITY CLAIMED: AUSTRIA, BENELUX, FRANCE, GERMANY, GREECE, IRELAND, ITALY, PORTUGAL, SPAIN AND SWITZERLAND
							
	European Union	  	J. CREW	  	1372903	  	11-04-99	  		  		  	FILED
	
	3: BLEACHING PREPARATIONS AND OTHER SUBSTANCES FOR LAUNDRY USE; CLEANING, POLISHING, SCOURING AND ABRASIVE PREPARATIONS: SOAPS; PERFUMERY, ESSENTIAL OILS, COSMETICS,
HAIR LOTIONS: DENTIFRICES: INCLUDING PERFUME, EAU DE PERFUME, EAU DE TOILETTE, FRAGRANCED BODY LOTION, FRAGRANCED BODY CREAM, FACE CREAM, BODY CREAM, ANTI-WRINKLE CREAM, SKIN RENEWAL CREAM, EYE CREAM, SKIN MOISTURIZER, BODY LOTION, BODY OIL, SKIN
BALANCING LOTION, FACIAL SKIN OIL CONTROLLER, SKIN WRINKLE TREATMENT LOTIONS AND CREAMS, SKIN BLEMISH TREATMENT LOTIONS AND CREAMS, FACIAL TONER, BODY TONER, FACIAL AND BODY EXFOLIATING PREPARATION, FACIAL AND BODY MASK, FACIAL AND BODY OIL SPRAY,
TOILET SOAPS, LIQUID SOAPS, CREAM SOAPS, PAPER SOAPS, COSMETIC SOAPS, FACIAL CLEANSER, BODY CLEANSER, CLEANSING LOTION, CLEANSING GEL, BATH POWDER, BATH OIL, BODY POWDER, SHAVING FOAM, PRE-SHAVE LOTIONS AND CREAMS, AFTER-SHAVE LOTIONS AND CREAMS,
AFTER SHAVE BALM, ANTI-PERSPIRANT/DEODORANT, POTPOURRI, ESSENTIAL OILS FOR PERSONAL USE AND MASSAGE OILS
	
	4: INDUSTRIAL OILS AND GREASES; LUBRICANTS; DUST ABSORBING, WETTING AND BINDING COMPOSITIONS: FUELS (INCLUDING MOTOR SPRIT) AND ILLUMINANTS: CANDLES, WICKS, SCENTED AND
UNSCENTED CANDLES
	
	24: TEXTILES AND TEXTILE GOODS, NOT INCLUDED IN OTHER CLASSES: BED AND TABLE COVERS; HOME FURNISHINGS NAMELY PILLOW CASES, PILLOW SHAMS, DUST RUFFLES, SHEETS, BED
SKIRTS, COMFORTERS, BLANKET COVERS, DUVET COVERS, COMFORTER COVERS, BLANKETS, BEDSPREADS, QUILTS, TOWELS, WASH CLOTHS, SHOWER CURTAINS, TEXTILE BATH MATS, TEXTILE PLACE MATS, TEXTILE TABLE CLOTHS, TEXTILE NAPKINS, TABLE LINENS, WINDOW CURTAINS, AND
DRAPERIES.
							
	European Union	  	J. CREW	  	1510601	  	02-16-00	  	1510601	  	3/14/2002	  	REGISTERED
	
	35: BUSINESS MANAGEMENT: BUSINESS ADMINISTRATION: OFFICE FUNCTIONS; RETAIL STORE SERVICES FOR APPAREL, SHOES, ACCESSORIES, JEWELRY, COSMETICS, TOILETRIES, FRAGRANCES
AND HOME FURNISHINGS; BUSINESS MANAGEMENT CONSULTANCY, INCLUDING GIVING ASSISTANCE AND ADVICE IN THE ESTABLISHMENT OF RETAIL STORES IN THE FIELD OF APPAREL, SHOES, ACCESSORIES, JEWELRY, COSMETICS, TOILETRIES, FRAGRANCES AND HOME FURNISHINGS, THE
BRINGING TOGETHER FOR THE BENEFIT OF OTHERS, OF APPAREL, SHOES, ACCESSORIES, JEWELRY, COSMETICS, TOILETRIES, FRAGRANCES AND HOME FURNISHINGS, EXCLUDING THE TRANSPORT THEREOF, ENABLING CONSUMERS TO CONVENIENTLY VIEW AND PURCHASE THOSE
GOODS
	
	42: TECHNICAL CONSULTANCY AND ADVISING IN THE ESTABLISHMENT OF RETAIL STORES IN THE HELD OF APPAREL, SHOES, ACCESSORIES, JEWELRY, COSMETICS, TOILETRIES, FRAGRANCES AND
HOME FURNISHINGS
							
	European Union	  	J. CREW	  	1561141	  	03-16-00	  	1561141	  	6/25/2001	  	REGISTERED
	
	14: PRECIOUS METALS AND THEIR ALLOYS AND GOODS IN PRECIOUS METALS OR COATED THEREWITH, NOT INCLUDED IN OTHER CLASSES-JEWELRY, PRECIOUS STONES: HOROLOGICAL AND
CHRONOMETRIC INSTRUMENTS

  

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    9

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REQ. DATE
	  	 STATUS

							
	European Union	  	J. CREW	  	1659325	  	05-16-00	  	1659325	  	8/21/2001	  	REGISTERED
	
	  
 9: SCIENTIFIC, NAUTICAL, SURVEYING, ELECTRIC,
PHOTOGRAPHIC, CINEMATOGRAPHIC, OPTICAL, WEIGHING, MEASURING SIGNALLING, CHECKING (SUPERVISION), LIFE SAVING AND TEACHING APPARATUS AND INSTRUMENTS: SUNGLASSES; APPARATUS FOR RECORDING, TRANSMISSION OR REPRODUCTION OF SOUND OR IMAGES; MAGNETIC DATA
CARRIERS, RECORDING DISCS; AUTOMATIC VENDING MACHINES AND MECHANISMS FOR COIN OPERATED APPARATUS, CASH REGISTERS, CALCULATING MACHINES, DATA PROCESSING EQUIPMENT AND COMPUTERS; FIRE EXTINGUISHING APPARATUS

 

	European Union	  	J. CREW	  	3431103	  	10-30-03	  		  		  	FILED
	  
 18: LEATHER AND IMITATION LEATHER AND GOODS MADE OF
THESE MATERIALS AND NOT INCLUDED IN OTHER CLASSES; ANIMAL SKINS. HIDES, TRUNKS AND TRAVELLING BAGS; UMBRELLAS, PARASOLS AND WALKING STICKS; WHIPS, HARNESS AND SADDLERY: LUGGAGE, HANDBAGS, DUFFEL BAGS, TOTE BAGS, WEEKENDER BAGS, BACKPACKS, PURSES,
COSMETIC CASES (SOLD EMPTY), SHAVING KITS (SOLD EMPTY), BILLFOLDS, COIN CASES AND KEY CASES
  

25: CLOTHING, FOOTWEAR, HEADGEAR; SHIRTS, T-SHIRTS, JERSEYS, SWEATERS, SWEATSHIRTS, UNDERWEAR, UNDERSHIRTS, SOCKS, BLOUSES DRESSES, SKIRTS, KNIT TOPS,
ROBES, SHORTS, SLACKS, TROUSERS, PANTS, BELTS, JACKETS, SUITS, VESTS, COATS, RAINCOATS, SLICKERS, NAUTICAL CLOTHING, GYMNASTIC CLOTHING, SPORT AND LEISURE CLOTHING, PERSONAL LINES AND ACCESSORIES, TIES, NECKTIES, SCARVES, BANDANNAS, ATHLETIC SHOES,
BOOTS, CAPS AND HATS
  
 35: ADVERTISING; BUSINESS MANAGEMENT; BUSINESS
ADMINISTRATION; OFFICE FUNCTIONS; RETAIL SERVICES; RETAIL STORE SERVICES FOR APPAREL, SHOES, ACCESSORIES, JEWELRY, COSMETlCS, TOILETRIES, FRAGRANCES AND HOME FURNISHINGS; BUSINESS MANAGEMENT CONSULTANCY, INCLUDING GIVING ASSISTANCE AND ADVICE IN THE
ESTABLISHMENT OR RETAIL STORIES IN THE FIELD OF APPAREL, SHOES ACCESSORIES, JEWELRY, COSMETICS, TOILETRIES, FRAGRANCES AND HOME FURNISHINGS, THE BRINGING TOGETHER FOR THE BENEFIT OF OTHERS, OF APPAREL, SHOES, ACCESSORIES, JEWELRY, COSMETCS,
TOILETRIES, FRAGRANCES AND HOME FURNISHINGS, EXCLUDING THE TRANSPORT THEREOF, ENABLING CONSUMERS TO CONVENIENTLY VIEW AND PURCHASE THOSE GOODS
  

SENIORITY CLAIMED: AUSTRIA. BENELUX FRANCE. GERMANY. GREECE. IRELAND. ITALY. PORTUGAL. SPAIN AND SWITZERLAND

							
	European Union	  	J. CREW and Design (in box with oarsman)	  	3431806	  	10-30-03	  		  		  	FILED
							
		  	

	  		  		  		  		  	
	
	 18: LEATHER AND IMITATION LEATHER AND GOODS MADE OF THESE MATERIALS AND NOT INCLUDED IN OTHER CLASSES; ANIMAL SKINS, HIDES,
TRUNKS AND TRAVELLING BAGS; UMBRELLAS, PARASOLS AND WALKING STICKS; WHIPS, HARNESS AND SADDLERY: LUGGAGE, HANDBAGS, DUFFEL BAGS, TOTE BAGS, WEEKENDER BAGS, BACKPACKS, PURSES, COSMETIC CASES (SOLD EMPTY), SHAVING KITS (SOLD EMPTY), BILLFOLDS,
PASSPORT CASES, COIN CASES, KEY CASES, EYEGLASS CASES, CHEQUE BOOK CASES.
  

25: CLOTHING, FOOTWEAR, HEADGEAR; SHIRTS, T-SHIRTS, JERSEYS, SWEATERS, SWEATSHIRTS, UNDERWEAR, UNDERSHIRTS, SOCKS, BLOUSES, DRESSES, SKIRTS, KNIT TOPS,
ROBES, SHORTS, SLACKS, TROUSERS, PANTS, BELTS, JACKETS, SUITS, VESTS, COATS, RAINCOATS, SLICKERS, NAUTICAL CLOTHING, GYMNASTICS CLOTHINGS, SPORT AND LEISURE CLOTHING, SPORT AND LEISURE CLOTHING, PERSONAL LINES AND ACCESSORIES, TIES, NECKTIES,
HANDKERCHIEFS, SCARVES, BANDANNAS, ATHLETIC SHOES, BOOTS, CAPS AND HATS
  

35: ADVERTISING; BUSINESS MANAGEMENT; ADMINISTRATION; OFFICE FUNCTIONS; RETAIL SERVICES; RETAIL STORE SERVICES FOR APPAREL SHOES, ACCESSORIES, JEWELRY,
COSMETlCS, TOILETRIES, FRAGRANCES AND HOME FURNISHING: BUSINESS MANAGEMENT CONSULTANCY, INCLUDING GIVING ASSISTANCE AND ADVICE IN THE ESTABLISHMENT OF RETAIL STORE IN THE FIELD OF APPAREL, SHOES, ACCESSORIES, JEWELRY, COSMETICS, TOILETRIES,
FRAGRANCES AND HOME FURNISHINGS, THE BRINGING TOGETHER FOR THE BENEFIT OF OTHERS, OF APPAREL, SHOES, ACCESSORIES, JEWELRY, COSMETCS, TOILETRIES, FRAGRANCES AND HOME FURNISHINGS, EXCLUDING THE TRANSPORT THEREOF, ENABLING CONSUMERS TO CONVENIENTLY
VIEW AND PURCHASE THOSE GOODS

 SENIORITY CLAIMED: AUSTRIA, BENELUX, FRANCE, GERMANY, GREECE, IRELAND, ITALY, PORTUGAL, SPAIN
AND SWITZERLAND 
  

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    10

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REQ. DATE
	  	 STATUS

							
	France	  	CREWCUTS	  	95589248	  	09-22-95	  	95589248	  	9/22/1995	  	REGISTERED
	
	25: CLOTHING, FOOTWEAR AND HEADGEAR
							
	France	  	J. CREW	  	916675	  	03-28-88	  	1504964	  	3/28/1988	  	REGISTERED
	  
 25: SHIRTS, T-SHIRTS, JERSEYS, SWEATERS, FOOTWEAR,
HATS, CAPS, NECKTIES, SHORTS, SWEATSHIRTS, TROUSERS, PANTS, BELTS, SOCKS, VESTS, RAINCOATS, SKIRTS, BLOUSES, ROBES

							
	France	  	J. CREW	  	92/441116	  	11-09-92	  	92441116	  	5/21/1993	  	REGISTERED
	
	  
 16: PRINTED MATTER, PROSPECTUS, MAGAZINES, CATALOGS,
PAPER, CARDBOARD AND PRODUCTS MADE OUT OF THESE MATERIALS (NOT INCLUDED IN OTHER CLASSES), PRODUCTS FOR PRINTERS, BOOKBINDING MATERIALS, PHOTOGRAPHS, STATIONERY, ADHESIVES FOR PAPER PRODUCTS OR HOUSEHOLD PRODUCTS, ARTISTS MATERIALS, PAINT BRUSHES,
TYPEWRITER AND OFFICE REQUISITES (OTHER THAN FURNITURE), INSTRUCTIONAL AND TEACHING MATERIALS (OTHER THAN APPARATUS) PLASTICS (NOT INCLUDED IN OTHER CLASSES): PLAYING CARDS, PRINTERS TYPE AND CLICHES

 
 18: LEATHER AND IMITATIONS OF LEATHER. AND GOODS MADE OF THESE MATERIALS (NOT
INCLUDED IN OTHER CLASSES); ANIMAL SKINS, HIDES, TRUNKS, AND TRAVELING BAGS; UMBRELLAS, PARASOLS, WALKING STICKS
  

24: TISSUES; BED AND TABLE COVERS; TEXTILE ARTICLE NOT INCLUDED IN OTHER CLASSES

 
 25: CLOTHING, UNDERWEAR. HATS, HEADWEAR

							
	France	  	J. CREW and Design (with oarsman and underline)	  	92/440446	  	11-04-92	  	92440446	  	11/4/1992	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	 16: PRINTED MATTER, PROSPECT US, MAGAZINES, CATALOGS; PAPER, CARDBOARD AND PRODUCTS MADE OUT OF THESE MATERIALS (NOT
INCLUDED IN OTHER CLASSES); PRODUCTS FOR PRINTERS. BOOKBINDING MATERIALS, PHOTOGRAPHS, STATIONERY, ADHESIVES FOR PAPER PRODUCTS OR HOUSEHOLD PRODUCTS, ARTISTS MATERIALS. PAINT BRUSHES, TYPEWRITER AND OFFICE REQUISITES (OTHER THAN FURNITURE);
INSTRUCTIONAL AND TEACHING MATERIALS (OTHER THAN APPARATUS); PLASTICS (NOT INCLUDED IN OTHER CLASSES):
  

18: LEATHER AND IMITATIONS OF LEATHER AND GOODS MADE OF THESE MATERIALS (NOT INCLUDED IN OTHER CLASSES): ANIMAL SKINS, HIDES, TRUNKS, AND TRAVELING BAGS;
UMBRELLAS, PARASOLS, WALKING STICKS
  
 24: TISSUES; BED AND TABLE COVERS;
TEXTILE ARTICLES NOT INCLUDED IN OTHER CLASSES
  
 25: CLOTHING, UNDERWEAR,
HATS, HEAD WEAR

							
	Germany	  	CREWCUTS	  	39538843.0	  	09-22-95	  	39538843	  	9/17/1996	  	REGISTERED
	
	25: SHIRTS, SWEATERS, CAPS, HATS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SLICKERS, BLOUSES, DRESSES, SKIRTS, KNIT TOPS, UNDERSHIRTS, SHOES,
ATHLETIC SHOES, AND BOOTS

  

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    11

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	Germany	  	J. CREW	  	P 36 427/25 WZ	  	04-09-88	  	1187930	  	4/9/1988	  	REGISTERED
	
	25: CLOTHES FOR MEN AND WOMEN, IN PARTICULAR SHIRTS, JACKETS, CAPS, HATS, SCARPS, PANTS, SWEATSHIRTS, BELTS, SOCKS, COATS, RAIN COATS, SKIRTS, BLOUSES, SUITS; FOOTWEAR

							
	Greece	  	CREWCUTS	  	126429	  	10-04-95	  	126429	  	10/4/1995	  	Registered
	
	25: SHIRTS, SWEATERS, CAPS, HATS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SLICKERS, BLOUSES, DRESSES, SKIRTS, KNIT TOPS, UNDERSHIRTS, SHOES,
ATHLETIC SHOES, BOOTS
							
	Hong Kong	  	CREWCUTS (ENGLISH AND CHINESE CHARACTERS)	  	95/11697	  	09-19-95	  	03758/1997	  	3/26/1997	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	25: CLOTHING, FOOTWEAR AND HEADGEAR
							
	Hong Kong	  	J. CREW	  		  	04-13-88	  	B678 OF 1990	  	4/13/1988	  	REGISTERED
	
	25: CLOTHING, SHOES, CAPS, HATS, BANDANNAS, BELTS, SOCKS, BUT NOT INCLUDING ANY OF THE AFORESAID GOODS ADAPTED FOR SAILING OR ROWING
							
	Hong Kong	  	J. CREW (ENGLISH AND CHINESE CHARACTERS)	  	95/01057	  	01-27-95	  	13561	  	1/27/1995	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	25: CLOTHING, FOOTWEAR AND HEADGEAR, BUT NOT INCLUDING ANY AFORESAID GOODS ADAPTED FOR SAILING OR ROWING

 

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    12

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	HONG KONG	  	J. CREW (ENGLISH AND CHINESE CHARACTERS)	  	95/01058	  	01-27-95	  	13562	  	1/27/1995	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	42: RETAIL, WHOLESALE, OUTLET STORE SERVICES AND MAIL ORDER SERVICES OF CLOTHING, CLOTHING ACCESSORIES, JEWELRY, SUITCASES BRIEFCASES, HANDBAGS AND BAGS; ALL INCLUDED
MAIL ORDER SERVICES OF CLOTHING, CLOTHING ACCESSORIES, SUITCASES, BRIEFCASES AND BAGS ADAPTED FOR SAILING OR ROWING
							
	Hong Kong	  	J. CREW and Design (with oarsman and underline)	  	2392/88	  	03-47-88	  	B677 OF 1990	  	3/7/1988	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	  
 25: CLOTHING, SHOES CAPS, HATS, BANDANNAS, BELTS,
SOCKS, BUT NOT INCLUDING ANY OF THE AFORE SAID GOODS ADAPTED FOR SAILING

							
	Indonesia	  	CREWCUTS	  	D96/14673	  	07-15-96	  	391235	  	9/22/1997	  	REGISTERED
	
	25: CLASS HEADING
							
	Indonesia	  	J. CREW	  	D9517581	  	09-26-95	  	360979	  	5/30/1996	  	REGISTERED
	
	25: SHIRTS, T-SHIRT, BLOUSES, CAMISOLES, SWEATSHIRTS, SWEATERS, CARDIGANS, VESTS, TUNICS, COATS, JACKETS, SLICKERS, BLAZERS, SUITS, BODYSUITS, TANK TOPS, ROMPERS,
JUMPSUITS, PANTS, NIGHTGOWNS, BELTS, SWIMWEAR, LINGERIE, PANTIES, BRAS, SLIPS, HOSTERY, SOCKS, LEGGINGS, EXERCISE-WEAR, SCARVES, BANDANNAS, GLOVES, HATS, FOOTWEAR
							
	Ireland	  	CREWCUTS	  	171095	  	09-22-95	  	171095	  	9/22/1995	  	REGISTERED
	
	25: SHIRTS, SWEATERS, CAPS, HATS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SLICKERS, BLOUSES, DRESSES, SKIRTS, KNIT TOPS, UNDERSHIRTS, SHOES,
ATHLETIC SHOES AND BOOTS

  

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    13

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	Ireland	  	J. CREW	  	126811	  	03-25-88	  	B126811	  	3/25/1988	  	REGISTERED
	
	25: MEN’S AND WOMEN’S SHIRTS, SWEATERS, SHOES, CAPS, HATS, BANDANAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SLICKERS, SKIRTS, BLOUSES, DRESSES ALL
INCLUDED IN CLASS 25
							
	Ireland	  	J. CREW	  	B159842	  	06-25-93	  	B159842	  	6/25/1993	  	REGISTERED
	
	9: SUNGLASSES, EYEGLASS FRAMES; CARRYING CASES FOR SUNGLASSES AND EYEGLASSES; PARTS AND FITTINGS FOR SUNGLASSES AND EYEGLASSES
	
	16: PRINTED MATTER, CATALOGUES, MAGAZINES
	
	18: LUGGAGE, HANDBAGS, DUFFEL BAGS; TOTE BAGS, WEEKENDER BAGS. BACKPACKS, PURSES, COSMETIC CASES (SOLD EMPTY), SHAVING KITS (SOLD EMPTY), BILLFOLDS, PASSPORT CASES,
COINCASES, KEY CASES, EYEGLASS CASES, CHECKBOOK CASES, AND UMBRELLAS
	
	24: HOME FURNISHINGS, NAMELY PILLOW CASES, PILLOW SHAMS, DUST RUFFLES, SHEETS, BED SKIRTS, COMFORTERS, BLANKET COVERS, DUVET COVERS, COMFORTER COVERS, BLANKETS,
BEDSPREADS, QUILTS, TOWELS, WASH CLOTHS. SHOWER CURTAINS, TEXTILE BATH MATS, TEXTILE PLACEMATS, TEXTILE TABLE CLOTHS, TEXTILE NAPKINS, TABLE LINENS, WINDOW CURTAINS, AND DRAPERIES
							
	Ireland	  	J. CREW	  	202791	  	07-09-93	  	202791	  	7/1/1996	  	REGISTERED
	
	39: RETAIL AND MAIL ORDER CATALOG SERVICES IN THE FIELD OF CLOTHING, LUGGAGE, CLOTHING ACCESSORIES AND HOME FURNISHINGS
							
	Ireland	  	J. CREW and Design (in box with oarsman)	  	B159846	  	06-25-93	  	B159846	  	6/25/1993	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	9: SUNGLASSES, EYEGLASS FRAMES; CARRYING CASES FOR SUNGLASSES AND EYEGLASSES; PARTS AND FITTINGS FOR SUN GLASSES AND EYEGLASSES
	
	16: PRINTED MATTER, CATALOGUES, MAGAZINES
	
	18. LUGGAGE, HANDBAGS, DUFFEL BAGS; TOTE BAGS, WEEKENDER BAGS, BACKPACKS, PURSES, COSMETIC CASES (SOLD EMPTY), SHAVING KITS (SOLD EMPTY), BILLFOLDS, PASSPORT CASES,
COIN CASES, KEY CASES, EYEGLASS CASES, CHECKBOOK CASES, AND UMBRELLAS
	
	24: HOME FURNISHINGS, NAMELY PILLOW CASES, PILLOW SHAMS, DUST RUFFLES, SHEETS, BED SKIRTS, COMFORTERS, BLANKET COVERS, DUVET COVERS, COMFORTER COVERS, BLANKETS,
BEDSPREADS, QUILTS, TOWELS, WASH CLOTHS, SHOWER CURTAINS, TEXTILE BATH MATS, TEXTILE PLACEMATS, TEXTILE TABLE CLOTHS, TEXTILE NAPKINS, TABLE LINENS, WINDOW CURTAINS, AND DRAPERIES
	
	25: SHIRTS, T-SHIRTS. BLOUSES, SWEATSHIRTS, SWEATERS, VESTS, COATS, JACKETS, BLAZERS, PARKAS, SLICKERS, APRONS, SUITS, JUMPSUITS, PANTS, SKI-PANTS, JEANS, SHORTS, BOXER
SHORTS, SKIRTS, DRESSES, ROBES, PAJAMAS, NIGHTGOWNS, SLIPS, BELTS, SWIMWEAR, SOCKS, LEGGINGS, TIES, BANDANNAS, SCARVES, GLOVES, HEADBANDS, CAPS, HATS, FOOTWEAR
							
	Israel	  	jerew.com.il	  		  		  		  		  	Registered

  

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    14

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	Italy	  	J. CREW	  	19818/C88	  	04-19-88	  	838874	  	3/8/2001	  	REGISTERED
	
	25: MEN’S AND WOMEN’S CLOTHING CONSISTING OF NAUTICAL, GYMNASTIC, SPORT AND LEISURE ARTICLES, PANTS, PERSONAL LINENS AND ACCESSORIES; MISCELLANEOUS
ACCESSORIES INCLUDING, TIES, HATS, SHOES, BELTS, HANDKER CHIEFS, SCARVES:
	
	42: CATALOG SALES OF ARTICLES OF TRAVEL AND RELATED ACCESSORIES
							
	Japan	  	CREW CUTS	  	HO5-078322	  	07-28-93	  	3178959	  	7/31/1996	  	REGISTERED
	
	6: METAL BUCKLES
							
	Japan	  	CREW CUTS	  	HO5-078323	  	07-28-93	  	3178960	  	7/31/1996	  	REGISTERED
	
	9: CLASSES; RECORDS; HOME TELEVISION GAMES; WEIGHT BELTS (FOR SCUBA DIVING); WET SUITS; AIR TANKS; FLOATING BOARDS (KICK BOARDS FOR SWIMMING); AIR REGULATORS (FOR SCUBA
DIVING)
							
	Japan	  	CREW CUTS	  	HO5-078324	  	07-28-93	  	3187654	  	8/30/1996	  	REGISTERED
	
	14: POUCHES/PURSES OF PRECIOUS METAL; SHOE ORNAMENTS OF PRECIOUS METAL; COMPACTS OF PRECIOUS METAL; PERSONAL ORNAMENTS; JEWELER/ROUGH GEMSTONES/IMITATIONS OF JEWELRY;
CLOCKS/WATCHES
							
	Japan	  	CREW CUTS	  	HO5-078325	  	07-28-93	  	3178961	  	7/31/1996	  	REGISTERED
	
	16: PAPERS; STATIONERY; PLAYING CARDS
							
	Japan	  	CREW CUTS	  	H05-078328	  	07-28-93	  	3209580	  	10/31/1996	  	REGISTERED
	
	25: CLOTHING; GARTER; STOCKING SUSPENDERS; SUSPENDERS; WAISTBANDS; BELTS; FOOTWEAR; SPECIAL SPORTING/GYMNASTIC WEAR; SPECIAL SPORTING/GYMNASTIC
FOOTWEAR
							
	Japan	  	CREW CUTS	  	HO5-078329	  	07-28-93	  	3256477	  	2/24/1997	  	REGISTERED
	
	26: BUTTONS AND THE LIKE; EMBLEMS FOR CLOTHING (NOT OF PRECIOUS METAL); BADGES (NOT OF PRECIOUS METAL); BUCKLES FOR CLOTHING; BROOCHES FOR CLOTHING; SASH CLIPS; BONNET
PINS (NOT OF PRECIOUS METAL); STICKER; BRASSARD; ARMBANDS; FALSE BEARDS; FALSE MOUSTACHES; NON-ELECTRIC HAIR CURLERS; SHOE ORNAMENTS (NOT OF PRECIOUS METAL); SHOE EYELETS; SHOE LACES; METAL SHOE FASTENERS; ARTIFICIAL FLOWERS

 

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    15

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	Japan	  	CREW CUTS	  	HO5-078330	  	07-28-93	  	3161902	  	5/31/1996	  	REGISTERED
	
	28: GAME GOODS; BILLIARD EQUIPMENT; GO (JAPANESE BOARD GAME) EQUIPMENT; SHOGI (JAPANESE CHESS) GAME EQUIPMENT; DICE; SUGOROKU (JAPANESE PARCHEESI) GAMES; DICE CUPS;
DIAMOND GAMES; CHESS GAMES; CHECKERS; CONJURING APPARATUS; DOMINOES; MAHJONG EQUIPMENT; TOYS; DOLLS; SPORTING AND GYMNASTIC GOODS; SKI WAX; FISHING TACKLE
							
	Japan	  	CREW CUTS	  		  		  	3187655	  	8/30/1996	  	REGISTERED
	
	18: BAGS/POUCHES AND THE LIKE; HANDY TOILET CASES; METAL FITTINGS FOR BAGS OR POUCHES; PURSE CLASPS: PARASOLS AND UMBRELLAS; CANES, WALKING STICKS; METAL FITTINGS FOR
CANES: CANE HANDLES
							
	Japan	  	CREW CUTS	  		  		  	3207639	  	10/31/1996	  	REGISTERED
	
	20: CUSHIONS, JAPANESE CUSHIONS, PILLOWS, MATTRESS; SLEEPING BAGS
							
	Japan	  	CREW CUTS	  		  		  	3227900	  	11/29/1996	  	REGISTERED
	
	3: SOAPS: PERFUMERY AND INCENSE; COSMETIC; DENTIFRICES
							
	Japan	  	CREWS	  	S55-086794	  	10-28-80	  	1756925	  	4/23/1985	  	REGISTERED
	
	NA 21: PERSONAL ORNAMENTS; COSMETIC UTENSILS AND TOILETRIES; AND OTHER GOODS IN CLASS 21 (EXCLUDING TOOTHBRUSHES)
							
	Japan	  	J. CREW	  	10063/4	  	02-04-92	  	2705939	  	4/28/1995	  	REGISTERED
	
	NA 23: CLOCKS/WATCHES, EYEGLASSES AND THEIR PARTS AND ACCESSORIES
							
	Japan	  	J. CREW	  	10065/4	  	02-04-92	  	4050142	  	8/29/1997	  	REGISTERED
	
	NA 24: TOYS; DOLLS; RECREATIONAL EQUIPMENT; SPORTING GOODS; FISHING TACKLES; MUSICAL INSTRUMENTS; MUSICAL PERFORMANCE AUXILIARY INSTRUMENTS; GRAMOPHONES (EXCLUDING
ELECTRIC PHONOGRAPH PLAYERS); RECORDS; THEIR PARTS AND ACCESSORIES
							
	Japan	  	J. CREW	  	10067/4	  	02-04-92	  	2717325	  	10/31/1996	  	REGISTERED
	
	NA 25: PAPERS; STATIONERY

  

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    16

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	Japan	  	J. CREW	  	S63-048756	  	04-26-88	  	2709227	  	8/31/1995	  	REGISTERED
	
	NA 21: PERSONAL ORNAMENTS: BUTTONS; BAGS/POUCHES AND THE LIKE; JEWELRY AND IMITATION JEWELRY: ARTIFICIAL FLOWERS COSMETIC UTENSILS AND TOILETRIES
							
	Japan	  	J. CREW	  	H11-105229	  	11-18-99	  	4481740	  	6/15/2001	  	REGISTERED
	
	3: SOAPS A THE LIKE; POTPOURRI. ESSENTIAL OILS AND OTHER PERFUMERY & INCENSES; COSMETICS & TOILETRIES; ANTI-PERSPIRANT/DEODORANT; ADHESIVES FOR
AFFIXING FALSE HAIR; FALSE NAILS; FALSE EYELASHES; ADHESIVES FOR AFFIXING FALSE EYELASHES; DENTRIFICE; HOUSEHOLD ANTI-STATIC AGENTS: HOUSEHOLD DEGREASING AGENTS; RUST REMOVING PREPARATIONS; STAIN REMOVING BENZINE; FABRIC SOFTENER; LAUNDRY STARCHES,
LAUNDRY BLEACHES. FUNORI (SEAWEED GELATIN USED FOR WASHING AND STRETCHING CLOTHES); POLISHING PREPARATIONS; ABRASIVE PAPERS; ABRASIVE CLOTHS; ABRASIVE SANDS; ARTIFICIAL PUMICE; POLISHING PAPERS: POLISHING CLOTHS. SHOE CREAMS; BOOT CREAMS; SHOE
POLISHES/SHOE BLACKINGS; PAINT STRIPPING PREPARATIONS.
	
	4: INDUSTRIAL OILS/GREASES/FATS; FUELS; WAXES. GREASES FOR SHOES/BOOTS: SOLID LUBRICANTS: LEATHER OILS/GREASES; LAMP WICKS; SCENTED CANDLES AND OTHER
CANDLES
							
	Japan	  	J. CREW	  	2000-037936	  	03-22-00	  	4560661	  	4/19/2002	  	REGISTERED
	
	24: WOVEN FABRICS: KNITTED FABRICS; FELT AND NON-WOVEN TEXTILE FABRICS; OIL CLOTHS, GUMMED CLOTHS: VINYL CLOTHS; RUBBERIZED CLOTHS; LEATHER CLOTHS; FILTER CLOTHS; TOWEL
AND OTHER FABRIC APPAREL ACCESSORIES; TEXTILE NAPKINS: DISH CLOTHS; MOSQUITO NETS; BEDSHEETS, BEDQUILTS AND COTTON-STUFFED MATTRESSES; COMFORTERS; BED QUILT/MATTRESS CASES, COMFORTER COVERS; TICKS; PILLOWCASES/PILLOW SHAMS; BLANKETS; BLANKET COVER;
DUST RUFFLES; BED SKIRTS; BEDSPREADS; QUILTING BED COVER, AND OTHER BED COVERS; TEXTILE CHAIR COVERS; WALL HANGINGS OF TEXTILE; BLINDS OF TEXTILE; CURTAINS; SHOWER CURTAINS: TEXTILE BED MATS; TABLE CLOTHS/TABLE LINENS; TEXTILE PLACE MATS; THICK
STAGE CURTAINS; TEXTILE TOILET SHEET COVERS; SHROUDS; KYOKATABIRA (JAPANESE SHROUDS); BLACK-AND-WHITE STRIPED CLOTH SCREENS; RED-AND-WHITE STRIPED CLOTH SCREENS; LABELS OF CLOTH; BILLIARD CLOTHS; BANNERS & FLAGS (NOT OF
PAPER)
							
	Japan	  	J. CREW & DESIGN	  	S63-038486	  	04-04-88	  	4081550	  	11/14/1997	  	REGISTERED
	
	NA 17: CLOTHING (EXCLUDING SPECIAL, SPORTING/GYMNASTIC WEAR); FABRIC APPAREL ACCESSORIES (EXCLUDING THOSE BELONGING TO OTHER CLASSES); BEDDING (EXCLUDING
BEDS)
							
	Japan	  	J. CREW & DESIGN	  	S63-048757	  	04-26-88	  	2715288	  	7/31/1996	  	REGISTERED
	
	NA 21: PERSONAL ORNAMENTS; BUTTONS: BAGS/POUCHES AND THE LIKE: JEWELERY AND IMITATION JEWELERY; ARTIFICIAL FLOWERS; TOILETRIES
							
	Japan	  	J. CREW & DESIGN	  	S63-048759	  	04-26-88	  	2713432	  	4/30/1996	  	REGISTERED
	
	NA 22: FOOTWEAR (EXCLUDING SPECIAL SPORTING/GYMNASTIC FOOTWEAR); PARASOLS AND UMBRELLAS; CANES; THEIR PARTS AND ACCESSORIES

 

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    17

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	Japan	  	J. CREW & DESIGN (WITH LINE)	  	10064/4	  	02-04-92	  	2705940	  	4/28/1995	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	NA 23: CLOCK/WATCHES, EYEGLASSES AND THEIR PARTS AND ACCESSORIES
							
	Japan	  	J. CREW & DESIGN (WITH LINE)	  	1006614	  	02-04-92	  	4050143	  	8/29/1997	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	NA 24: TOYS; DOLLS; RECREATIONAL EQUIPMENT; SPORTING GOODS; FISHING TACKLES: MUSICAL INSTRUMENTS: MUSICAL PERFORMANCE AUXILIARY INSTRUMENTS; GRAMOPHONES (EXCLUDING
ELECTRIC PHONOGRAPH PLAYERS); RECORDS; THEIR PARTS AND ACCESSORIES
							
	Japan	  	J. CREW & DESIGN (WITH LINE)	  	10068/4	  	02-04-92	  	2723636	  	11/21/1997	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	NA 25: PAPERS; STATIONERY
							
	Japan	  	J. CREW + KATAKANA CHARACTERS	  	2000-087382	  	07-24-00	  	4505612	  	9/14/2001	  	REGISTERED
	
	25: CLOTHING, GARTERS: STOCKING SUSPENDERS; BRACES; WAISTBANDS; BELTS; FOOTWEAR: COSTUMES; SPECIAL SPORTING/GYMNASTIC WEAR; SPECIAL SPORTING/GYMNASTIC
FOOTWEAR
							
	Japan	  	J. CREW + KATAKANA CHARACTERS	  		  		  	3318924	  	6/6/1997	  	REGISTERED
	
	14: PRECIOUS METALS, TABLEWARE AND THE LIKE OF PRECIOUS METAL. NUTCRACKERS. PEPPER POTS. SUGAR BOWLS SUGAR BOWLS, SALT SHAKER, EGG CUPS, NAPKIN HOLDERS, NAPKIN RINGS.
TRAYS AND TOOTHPICK HOLDERS OF PRECIOUS METAL; VASES/FLOWER BOWLES OF PRECIOUS METAL; BOXES OF PRECIOUS METAL FOR NEEDLES; JEWEL CASES OF PRECIOUS METAL; CANDLE METAL: POUCHES/PURSES OF PRECIOUS METAL; SHOE ORNAMENTS OF PRECIOUS METAL; COMPACTS OF
PRECIOUS METAL SMOKERS ARTICLES OF PRECIOUS METAL: PERSONAL ORNAMENTS; JEWELRY

  

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    18

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	Japan	  	J. CREW IN KATAKANA CHARACTERS	  	HO6-090670	  	09-08-94	  	4046705	  	8/22/1997	  	REGISTERED
	
	16: PAPERS; PACKAGING CONTAINERS OF PAPER; GARBAGE BAGS OF PAPER; HYGIENIC PAPER; TOWELS, HANDKERCHIEFS, TABLE CLOTHS AND BLINDS OF PAPER; DRESSMAKING PATTERNS; PAPER
BANNERS AND FLAGS; BABIES’ DIAPERS OF PAPER; BAGGAGE LABELS; PRINTED MATTER; CALLIGRAPHY AND PAINTINGS; PHOTOGRAPH STANDS; KARUTA, UTAGARUTA AND HANAFUDA (JAPANESE PLAYING CARDS); PLAYING CARDS’ STATIONERY (EXCLUDING INSECT COLLECTING
EQUIPMENT); ADHESIVES FOR STATIONERY OR HOUSEHOLD PURPOSES; INKING RIBBONS TYPEWRITER RIBBONS; AUTOMATIC STAMP APPLYING MACHINES; ELECTRIC STAPLERS; ENVELOPE SEALING MACHINES FOR OFFICES; DRAWING INSTRUMENTS, MATERIALS: TYPEWRITERS; PAPER SHREDDERS;
SEALING WAX
							
	Japan	  	J. CREW IN KATAKANA CHARACTERS	  		  		  	3318925	  	6/6/1997	  	REGISTERED
	
	18. BAGS/POUCHES AND THE LIKE; HANDY TOILET CASES; METAL FITTING FOR BAGS OR POUCHES; PURSE CLASPS; PARASOLS AND UMBRELLAS; WALKING STICKS; CANES; METAL FITTINGS FOR
CANES; CANE HANDLES
							
	Japan	  	J. CREW IN KATAKANA CHARACTERS	  	HO6-090672	  	09-09-94	  	4102031	  	1/16/1998	  	REGISTERED
	
	25: NON-JAPANESE STYLE CLOTHING; COATS; SWEATERS AND THE LIKE; SHIRTS AND THE LIKE; NIGHTWEAR; UNDERWEAR; SWIMSUITS; BATHING CAPS; JAPANESE STYLE CLOTHING; APRONS;
COLLAR PROTECTORS; SOCKS AND STOCKINGS; GAITERS; FUR STOLES; SHAWLS; SCARVES; TABI (JAPANESE SOCKS) AND TABI COVERS; GLOVES; TEXTILE DIAPERS FOR BABIES; NECKTIES; NECKERCHIEFS; MUFFLERS; EAR MUFFS; HOODS; NIGHT CAPS; HATS AND CAPS; GARTERS; STOCKING
SUSPENDERS; SUSPENDERS; WAISTBANDS; BELTS; SHOES AND BOOTS; SHOE DOWELS, SHOE PEGS, SHOE HANDLES, HOBNAILS, METAL PIECES FOR PREVENTION OF SHOE SOLE WEARING; JAPANESE CLOGS AND SANDALS; SPECIAL SPORTING, GYMNASTIC WEAR; SPECIAL SPORTING, GYMNASTIC
FOOTWEAR (EXCLUDING HORSERIDING BOOTS)
							
	Japan	  	JCREW	  	S62-141640	  	12-21-87	  	2238080	  	6/28/1990	  	REGISTERED
	
	NA 26: BOOKS; MAGAZINES; PRINTED MATTERS; ALL OTHER GOODS IN CLASS 26
							
	Japan	  	JCREW.CO.jp	  	H11-072667	  	08-13-99	  	4401515	  	7/21/200	  	REGISTERED
	
	25; CLOTHING; GARTERS; STOCKING SUSPENDER; BRACES; WAISTBANDS; BELTS ; FOOTWEAR; COSTUMES; SPECIAL SPORTING/GYMNASTIC WEAR; SPECIAL SPORTING/GYMNASTIC
FOOTWEAR
							
	Japan	  	jcrew.co.jp	  		  		  		  		  	Registered
							
	Japan	  	JCREW	  	H11-072666	  	08-13-99	  	4401514	  	7/21/2000	  	REGISTERED
	
	25: CLOTHING; GARTERS; STOCKING SUSPENDERS; BRACES; WAISTBANDS; BELTS ; FOOTWEAR; COSTUMES; SPECIAL SPORTING/GYMNASTIC WEAR; SPECIAL SPORTING/GYMNASTIC
FOOTWEAR

  

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    19

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	Japan	  	jcrew.jp (english characters)	  		  		  		  		  	Registered
							
	Japan	  	jcrew-japan.jp (english characters)	  		  		  		  		  	Registered
							
	Japan	  	JR CREW + KATAKANA CHARACTERS	  	2000-035089	  	03-15-00	  	4453240	  	2/16/2001	  	REGISTERED
	  
 25: CLOTHING; GARTERS; STOCKING SUSPENDERS; BRACES;
WAISTBANDS; BELTS; COSTUMES; FOOTWEAR; SPECIAL SPORTING/GYMNASTIC WEAR; SPECIAL SPORTING/GYMNASTIC FOOTWEAR

							
	Japan	  	SO J. CREW + KATAKANA CHARACTERS	  	2000-063014	  	05-19-00	  	4480098	  	6/8/2001	  	REGISTERED
	
	 3: SOAPS & THE LIKE; POTPOURRI, ESSENTIALS OILS AND OTHER PERFUMERY & INCENSE; COSMETICS &
TOILETRIES; ANTI-PERSPIRANT/DEODORANT; ADHESIVES FOR AFFIXING FALSE HAIR; FALSE NAILS: FALSE EYELASHES; ADHESIVES FOR AFFIXING FALSE EYELASHES; DENTRIFICE; HOUSEHOLD ANTI-STATIC AGENTS; HOUSELHOLD DEGREASING AGENTS; RUST REMOVING PREPARATIONS, STAIN
REMOVING BENZINE; FABRIC SOFTNER; LAUNDRY STARCHES, LAUNDRY BLEACHES, FUNORI (SEAWEED GELATIN USED FOR WASHING AND STRETCHING CLOTHES); POLISHING PREPARATIONS; ABRASIVE PAPERS; ABRASIVE CLOTHS; ABRASIVE SANDS; ARTIFICIAL PUMICE; POLISHING PAPERS;
POLISHING CLOTHS; SHOE CREAMS & BOOT CREAMS; SHOE POLISHES/SHOE BLACKINGS; PAINT STRIPPING PREPARATIONS.
  

4: INDUSTRIAL OILS/GREASES/FATS; FUELS; WAXES; GREASES FOR SHOES/BOOTS; SOLID LUBRICANTS; LEATHER OILS/GREASES; LAMP WICKS; SCENTED CANDLES AND OTHER
CANDLES

							
	Malaysia	  	J. CREW	  	88/03810	  	07-30-88	  		  		  	FILED
	
	  
 25: MEN’S AND WOMEN’S SHIRTS, SWEATERS,
SHOES, CAPS, HATS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SLICKERS, SKIRTS, BLOUSES, DRESSES, SKIRT, KNIT TOPS, UNDERSHIRT, SHOES, ATHLETIC SHOES AND BOOTS

							
	Mexico	  	CREWCUTS	  	238457	  	07-26-95	  	502662	  	7/26/1995	  	REGISTERED
	
	25: SHIRTS, SWEATERS, CAPS, HATS, BANDANNAS. SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS. SUCKERS, BLOUSES, DRESSES. SKIRTS, KNIT TOPS, UNDERSHIRTS, SHOES,
ATHLETIC SHOES AND BOOTS
							
	Mexico	  	J. CREW	  	134212	  	03-04-92	  	427647	  	12/14/1992	  	REGISTERED
	
	18: LUGGAGE, UMBRELLAS, HANDBAGS, DUFFEL BAGS AND ALL OTHER ARTICLES OF CLASS 18
							
	Mexico	  	J. CREW	  	134213	  	03-04-92	  	427648	  	12/14/1992	  	REGISTERED
	
	25: MEN’S AND WOMEN’S SHIRTS SWEATERS, SHOES, CAPS, HATS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SLICKERS, SKIRTS, BLOUSES, DRESSES AND
ALL OTHER ARTICLES OF CLASS 25

  

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    20

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	Mexico	  	jcrew.com.mx	  		  		  		  		  	Registered
							
	New Zealand	  	CREWCUTS	  	255495	  	11-06-95	  	255495	  	11/6/1995	  	REGISTERED
	
	25: CLOTHING. FOOTWEAR AND HEADGEAR
							
	New Zealand	  	J. CREW	  	178507	  	03-29-88	  	B178507	  	3/29/1988	  	REGISTERED
	
	25: ARTICLES OF CLOTHING AND FOOTWEAR AND HEADGEAR; MEN'S AND WOMEN'S SHIRTS, SWEATERS, SHOES, CAPS, HATS, BANDANNAS SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS,
SLICKERS, SKIRTS, BLOUSES AND DRESSES
							
	New Zealand	  	J. CREW	  	236676	  	05-06-94	  	B236676	  	5/6/1994	  	REGISTERED
	
	42: RETAIL AND MAIL ORDER CATALOG SERVICES IN THE FIELDS OF CLOTHING, CLOTHING ACCESSORIES, HABERDASHERY, JEWELLERY, WATCHES, TIME PIECES, LEATHER GOODS, PARASOLS,
UMBRELLAS, WALKING STICKS, AND LUGGAGE; RETAIL AND WHOLESALE OUTLET STORE SERVICES IN THE FILED OF CLOTHING, CLOTHING ACCESSORIES, HABERDASHERY, JEWELLERY, WATCHES, TIME PIECES, LEATHER GOODS, PARASOLS, UMBRELLAS, WALKING STICKS, AND
LUGGAGE
							
	New Zealand	  	J. CREW	  	236675	  	05-06-94	  	B236675	  	5/6/1994	  	REGISTERED
	
	25: ARTICLES OF CLOTHING, FOOTWEAR AND HEADGEAR; SHIRTS, T-SHIRTS, BLOUSES, CAMISOLES, SWEATSHIRTS, SWEATERS, CARDIGANS, VESTS, TUNICS, COATS, JACKETS, SUCKERS,
BLAZERS, SUITS, BODYSUITS, TANK TOPS, ROMPERS, JUMPSUITS, PANTS, JEANS, SHORTS, STIRRUPS, SKIRTS, DRESSES, CHEMISES, PAJAMAS, NIGHTGOWNS, BELTS, SWIMWEAR, LINGERIE, PANTIES, BRAS, SUPS, HOSIERY SOCKS, LEGGINGS, EXERCISEWEAR, LEOTARDS, UNITARDS,
BICYCLE SHORTS, BRA TOPS, SCARVES, BANDANNAS, GLOVES, HATS, FOOTWEAR, SLIPPERS, SHOES, SNEAKERS, MULES, SANDALS, MOCCASINS, ESPADRILLES, AND THONGS
							
	Panama	  	J. CREW	  	069848	  	02-25-94	  	69848	  	2/25/1994	  	Registered
	
	25: MEN’S WOMEN’S SWEATERS, SHOES, CAPS, HATS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SLICKERS, SKIRTS, BLOUSES AND
DRESSES
							
	Paraguay	  	CREWCUTS	  	13306-1999	  	06-30-99	  	223465	  	3/24/2000	  	REGISTERED
	
	25: SHIRTS, SWEATERS, CAPS, HATS, BANDANAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SUCKERS, BLOUSES, DRESSES SKIRTS, KNIT TOPS, UNDERSHIRTS, SHOES, ATHLETIC
SHOES AND BOOTS

  

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    21

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	Paraguay	  	J. CREW	  	7821-94	  	05-03-94	  	173953	  	12/21/1994	  	Registered
	
	25: ALL GOODS IN CLASS INCLUDING, SHIRTS, T-SHIRTS, BLOUSES, CAMISOLES, SWEATSHIRTS, SWEATERS, CARDIGANS, VESTS, TUNICS, COATS, JACKETS, SLICKERS, BLAZERS, SUITS,
BODYSUITS, TANK TOPS, ROMPERS, JUMPSUITS, PANTS, JEANS, SHORTS, STIRRUPS, SHIRTS, DRESSES, CHEMISES, PAJAMAS, NIGHTGOWNS, BELTS, SWIMWEAR, LINGERIE, PANTIES, BRAS, SLIPS, HOSIERY, SOCKS, LEGGINGS, EXERCISE WEAR, SCARVES, BANDANNAS, GLOVES, HATS AND
FOOTWEAR
							
	Peru	  	CREWCUTS	  	284701	  	11-15-95	  	023416	  	2/16/1996	  	REGISTERED
	
	25: SHIRTS, SWEATERS, CAPS, HATS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SUCKERS, BLOUSES, DRESSES SKIRTS, KNIT TOPS, UNDERSHIRTS, SHOES,
ATHLETIC SHOES AND BOOTS, AND IN GENERAL ALL GOODS IN CLASS
							
	Peru	  	J. CREW	  	242018	  	05-10-94	  	021518	  	7/20/1995	  	REGISTERED
	
	25: SHIRTS, T-SHIRTS, BLOUSES, CAMISOLES, SWEATSHIRTS, SWEATERS, CARDIGANS, VESTS, TUNICS, COATS, JACKETS, SLICKERS, BLAZERS, SUITS, BODYSUITS, TANK TOPS, ROMPERS,
JUMPSUTTS, PANTS, JEANS, SHORTS, STIRRUPS, SKIRTS, DRESSES, CHEMISES, PAJAMAS, NIGHTGOWNS, BELTS, SWIMWEAR, LINGERIE, PANTIES, BRAS, SLIPS, HOSIERY, SOCKS, LEGGINGS, EXERCISEWEAR, SCARVES, BANDANNAS, GLOVES, HATS AND FOOTWEAR
							
	Peru	  	J. CREW	  	067163	  	07-24-98	  	49416	  	10/9/1998	  	REGISTERED
	
	9: CLASS HEADING
							
	Peru	  	J. CREW	  	067164	  	07-24-98	  	49453	  	10/13/1998	  	REGISTERED
	
	16: CLASS HEADING
							
	Peru	  	J. CREW	  	067165	  	07-24-98	  	49417	  	10/9/1998	  	REGISTERED
	
	18: CLASS HEADING
							
	Peru	  	J. CREW	  	067166	  	07-24-98	  	16044	  	10/30/1998	  	REGISTERED
	
	42: PROVIDING OF FOOD AND DRINK; TEMPORARY ACCOMODATION, MEDICAL, HYGIENIC AND BEAUTY CARE; VETERINARY AND AGRICULTURAL SERVICES; LEGAL SERVICES; SCIENTIFIC AND
INDUSTRIAL RESEARCH; COMPUTER PROGRAMMING AND IN GENERAL ALL THE SERVICES OF THE CLASS

  

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    22

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	Philippines	  	CREWCUTS	  	104170	  	11-21-95	  	106439	  	5/30/2003	  	REGISTERED
	
	25: CHILDRENS SHIRTS, SWEATERS, CAPS, HATS BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, BELTS SOCKS, JACKETS, SLICKERS, BLOUSES, DRESSES, SKIRTS, SHOES, ATHLETIC SHOES, AND
BOOTS
							
	Philippines	  	J. CREW	  	64503	  	04-21-88	  	53979	  	11/16/1992	  	REGISTERED
	
	25: MENS AND WOMEN’S SHIRTS, SWEATERS, SHOES, CAPS, HATS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SLICKERS, SKIRTS, BLOUSES AND
DRESSES
							
	Puerto Rico	  	J. CREW	  		  	11-23-93	  	8015	  	12/11/1984	  	Registered
	
	14: WATCHES
							
	Puerto Rico	  	J. CREW	  		  	11-23-93	  	8028	  	12/1/1994	  	Registered
	
	18: LUGGAGE, UMBRELLAS, HANDBAGS, DUFFLE BAGS
							
	Puerto Rico	  	J. CREW	  		  	11-23-93	  	8029	  	12/11/1984	  	Registered
	
	25: MEN’S AND WOMEN’S SHIRTS, SWEATERS, SHOES, CAPS, HATS, BANDANNA, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SLICKERS, SKIRTS, BLOUSES AND DRESSES

							
	Puerto Rico	  	J. CREW	  		  	11-23-93	  	8030	  	12/1/1984	  	Registered
	
	42: RETAIL CATALOG SERVICES IN THE FIELD OF CLOTHING, LUGGAGE AND CLOTHING ACCESSORIES
							
	Puerto Rico	  	J. CREW and Design (with oarsman and underline)	  		  	07-02-93	  	8016	  	9/19/1989	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	18. LUGGAGE, UMBRELLAS HANDGABS AND DUFFEL BAGS

  

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    23

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	Puerto Rico	  	J. CREW and Design (with oarsman and underline)	  		  	11-23-93	  	8032	  	9/19/1989	  	REGISTERED
					
		  	

	  		  		  	
	
	25: MENS AND WOMENS SHIRTS, SWEATERS, SHOES, CAPS, HATS, BANDANAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SLICKERS, SKIRTS, BLOUSES AND
DRESSES
						
	Puerto Rico	  	J. CREW and Design (with oarsman and underline)	  	8-27-93	  	8031	  	9/19/1989	  	REGISTERED
					
		  	

	  		  		  	
	
	42: RETAIL CATALOG SERVICES IN THE FIELD OF CLOTHING, LUGGAGE AND CLOTHING ACCESSORIES
							
	Russian Federation	  	jcrew.com.ru	  		  		  		  		  	Registered
							
	Russian Federation	  	jcrew.ru	  		  		  		  		  	Registered
							
	Singapore	  	CREWCUTS	  	8790/95	  	9-14-95	  	8790/95	  	9/14/1995	  	REGISTERED
	
	25: SHIRTS, SWEATERS, CAPS, HATS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS. JACKETS, SLICKERS, BLOUSES, DRESSES, SKIRTS, KNIT TOPS, UNDER SHIRTS, SHOES,
ATHLETIC SHOES AND BOOTS
							
	Singapore	  	J. CREW	  	3448/88	  	7-6-88	  	3448/88	  	7/6/1988	  	REGISTERED
	
	25: MEN’S AND WOMENS SHIRTS, SWEATERS, SHOES, CAPS, HATS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, RAINCOATS, SKIRTS, BLOUSES AND
DRESSES
							
	Singapore	  	J. CREW	  	3580/94	  	05-06-94	  	3580/94	  	5/6/1994	  	Registered
	
	35: DIRECT MAIL ADVERTISING. COMPILATION OF MAILING LISTS

  

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    24

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	Singapore	  	J. CREW and Design (with oarsman and no underline)	  	3443/94	  	04-29-44	  	3443/94	  	4/29/1994	  	Registered
							
		  	

	  		  		  		  		  	
	
	23: SHIRTS, T-SHIRTS, BLOUSES, CAMISOLES, SWEATSHIRTS, SWEATERS, CARDIGANS, VESTS, TUNICS, COATS, JACKETS, SLICKERS, BLAZERS, SUITS, BODYSUITS, TANK TOPS, ROMPERS,
JUMPSUITS, PANTS, JEANS, SHORTS, STIRRUPS, SKIRTS, DRESSES, CHEMISES, PAJAMAS, NIGHTGOWNS, BELTS, SWIMWEAR, LINGERIE, PANTIES, BRAS, SLIPS, HOSIERY, SOCKS, LEGGINGS, EXERCISEWEAR, LEOTARDS, UNITARDS, BICYCLE SHORTS, BRA TOPS, SCARVES, BANDANNAS,
GLOVES, HATS, FOOTWEAR, SLIPPERS, SHOES, SNEAKERS, MULES, SANDALS, MOCCASINS, ESPADRILLES, AND THONGS
							
	South Korea	  	CREWCUTS (English And Korean Characters)	  	95/35304	  	09-15-95	  	368229	  	7/10/1997	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	NA 45: DRESS SHIRTS, SPORT SHIRTS, POLO SHIRTS, TEE SHIRTS, SWEATERS, CAPS, HATS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SLICKERS, BLOUSES,
DRESSES, SKIRTS, KNIT TOPS, UNDERSHIRTS AND GLOVES APPLICATION TO ADD GLOVES TO THIS REGISTRATION WAS GRANTED 15 JA 1998
							
	South Korea	  	CREWCUTS (English And Korean Characters)	  	95/35305	  	09-15-95	  	360966	  	4/28/1997	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	NA 27: LOW SHOES, BOOTS, LACE UP BOOTS, LEATHER SHOES, RUBBER SHOES, VINYL SHOES, RAIN SHOES, ARCTIC SHOES, BASEBALL SHOES, BASKETBALL SHOES, RUGBY SHOES, HANDBALL
SHOES, FIELD AND TRACK SHOES, HOCKEY SHOES, GOLF SHOES, BOXING SHOES, HIKING SHOES, ANGLER SHOES, WORK BOOTS, OVERSHOES, STRAW SHOES, SLIPPERS, SANDALS, CLOGS, SOLES, INSOLES AND SHOE PROTECTION ACCESSORY

 

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    25

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	South Korea	  	CREWCUTS (English And Korean Characters)	  	96/25393	  	06-14-96	  	387995	  	12/24/1997	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	NA 25: HANDBAGS, OPERA BAGS, KNAPSACKS, DUFFEL BAGS, WALLETS, NAME CARD CASES, CREDIT CARD CASES, TOILETRY CASES, CARDBOARD BOXES, PAPER BAGS AND PLASTIC PACKING BAGS

							
	South Korea	  	CREWCUTS (English And Korean Characters)	  	96/34994	  	08-09-96	  	388005	  	12/24/1997	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	12: TOILETRY CASES THIS IS A DIVISIONAL APPLICATION OF APP. NO. 96/25393
							
	South Korea	  	J. CREW	  	88-10151	  	05-02-88	  	179205	  	9/19/1989	  	REGISTERED
	
	NA 45: MEN’S AND WOMEN’S SHIRTS, SWEATERS, CAPS AND HATS, BANDANAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SLICKERS, SKIRTS, BLOUSES, DRESSES AND
GLOVES
							
	South Korea	  	J. CREW	  	94/3637	  	05-06-94	  	29728	  	12/22/1995	  	REGISTERED
	
	NA 112: RETAIL AND MAIL ORDER CATALOG SERVICES IN THE FIELD OF CLOTHING, CLOTHING ACCESSORIES, JEWELRY AND LUGGAGE; FACTORY, RETAIL AND WHOLESALE OUTLET STORE SERVICES
IN THE FIELD OF CLOTHING ACCESSORIES, JEWELRY AND LUGGAGE; MERCHANDISE BROKERAGE BUSINESS; MARKETING SERVICES; MERCHANDISE EXHIBITION SERVICES; MERCHANDISE DELIVERY SERVICES; TRADE GOODS BROKERAGE BUSINESS; CLOTHING MANAGEMENT
SERVICE
							
	South Korea	  	J. CREW	  	96/25392	  	06-14-96	  	421728	  	9/18/1998	  	REGISTERED
	
	18: HANDBAGS, OPERA BAGS, KNAPSACKS, DUFFEL BAGS, WALLETS, NAME CARD CASES, CREDIT CARD CASES, CARDBOARD BOXES, PAPER BAGS AND PLASTIC PACKING BAGS
							
	South Korea	  	J. CREW	  	96/34993	  	08-09-96	  	388004	  	12/24/1997	  	REGISTERED
	
	12: TOILETRY CASES THIS IS A DIVISIONAL APPLICATION OF APP. NO. 96/25392

 

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    26

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	South Korea	  	J. CREW (Korean characters)	  	94/32517	  	08-12-94	  	344259	  	7/29/1996	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	NA 45: SHIRTS, T-SHIRTS, DRESS SHIRTS, BLOUSES, CAMISOLES, SWEATSHIRTS, SWEATERS, CARDIGANS, VESTS, TUNICS, COATS, JACKETS, PARKAS, SLICKERS, BLAZERS, SUITS, BODYSUITS,
TANKTOPS, ROMPERS, JUMPSUITS, PANTS, JEANS, SHORTS, STIRRUPS, SKIRTS, DRESSES, CHEMISES, ROBES, PAJAMAS, HOSIERY, SOCKS, LEGGINGS, TIES, SCARVES, BANDANNAS, GLOVES, NIGHTGOWNS, BELTS, SWIMWEAR, LINGERIE, PANTIES, BRAS, SLIPS, APRONS, LEOTARDS,
UNITARDS, BICYCLE SHORTS, BRA TOPS, CAPS, HATS, AND HEADBANDS
							
	South Korea	  	J. CREW (Korean Characters)	  	94/6435	  	08-12-94	  	32389	  	7/22/1996	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	NA 112: RETAIL AND MAIL ORDER CATALOG SERVICES IN THE HELD OF CLOTHING, CLOTHING ACCESSORIES, JEWELRY AND LUGGAGE; FACTORY, RETAIL AND WHOLESALE OUTLET STORE SERVICES
IN THE FIELD OF CLOTHING, CLOTHING ACCESSORIES, JEWELRY AND LUGGAGE
							
	South Korea	  	J. CREW and Design (with oarsman and underline)	  	88-11564	  	05-24-88	  	179206	  	9/19/1989	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	45: MEN’S AND WOMEN’S SHIRTS, SWEATERS, CAPS AND HATS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS SLICKERS, SKIRTS, BLOUSES, DRESSES AND
GLOVES
							
	South Korea	  	J. CREW and Design (with oarsman and underline)	  	96/25394	  	06-14-96	  	421727	  	9/18/1998	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	18: HANDBAGS, OPERA BAGS, KNAPSACKS, DUFFEL BAGS, WALLETS, NAME CARD CASES, CREDIT CARD CASES, TOILETRY CASES, CARDBOARD BOXES, PAPER BAGS AND PLASTIC PACKING BAGS THIS
APPLICATION IS ASSOCIATED WITH APP. NO. 25392

  

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    27

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	South Korea	  	J. CREW and Design (with oarsman and underline)	  	96/34995	  	08-09-96	  	400578	  	3/26/1998	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	12: TOILETRY CASES THIS IS A DIVISIONAL APPLICATION FOR APP. NO. 96/25394
							
	Spain	  	CREWCUTS	  	1988210	  	10-02-95	  	1988210	  	4/3/1996	  	REGISTERED
	
	25: CLASS HEADING
							
	Spain	  	J. CREW	  	1244666	  	04-06-88	  	1244666	  	11/30/1992	  	REGISTERED
	
	25: CLOTHING, SHOES, HATS
							
	Sri Lanka	  	J. CREW & DESIGN (WITH LINE)	  	56666	  	12-29-88	  	56666	  	12/29/1998	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	25: MEN’S AND WOMEN’S SHIRTS, SWEATERS, SHOES, CAPS, HATS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SLICKERS, SKIRTS, BLOUSES AND DRESSES

							
	Sri Lanka	  	J. CREW (STYLIZED)	  	56665	  	12-29-88	  	56665	  	12/29/1998	  	REGISTERED
	
	25: MEN’S AND WOMEN’S SHIRTS, SWEATERS, SHOES, CAPS, HATS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SLICKERS, SKIRTS, BLOUSES AND DRESSES

							
	Switzerland	  	CREWCUTS	  	11254/1995	  	09-25-95	  	432432	  	9/25/1995	  	REGISTERED
	
	25: CLOTHING, FOOTWEAR, HEADGEAR

  

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    28

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	Switzerland	  	J. CREW	  	9598/1993.4	  	08-04-93	  	416467	  	8/4/1993	  	REGISTERED
	
	9: SUNGLASSES, EYEGLASS FRAMES; CARRYING CASES FOR SUN-GLASSES AND EYEGLASSES; PARTS AND FITTINGS FOR SUNGLASSES AND EYEGLASSES, EYEGLASS CASES; 16: RETAIL AND MAIL
ORDER CATALOGS IN THE FIELD OF CLOTHING, LUGGAGE AND CLOTHING ACCESSORIES;
	
	18: LUGGAGE, HANDBAGS, DUFFEL BAGS, TOTE BAGS, WEEKENDER BAGS, BACKPACKS, PURSES, COSMETICS CASES (SOLD EMPTY), SHAVING KITS (SOLD EMPTY), BILLFOLDS, PASSPORT CASES,
COIN CASES, KEY CASES, CHECKBOOK CASES, AND UMBRELLAS;
	
	21: DUST RUFFLES;
	
	24: HOME FURNISHINGS, INCLUDING PILLOW CASES, PILLOW SHAMS, SHEETS, BED SKIRTS, CONFORTERS, BLANKET COVERS, DUVET COVERS, CONFORTER COVERS, BLANKETS, BED SPREADS,
QUILTS, TOWELS, WASH CLOTHS, SHOWER CURTAINS, BATH MATS, PLACEMATS, TABLECLOTHS, NAPKINS, TABLE LINENS, WINDOW CURTAINS, AND DRAPERIES;
	
	25: SHIRTS, T-SHIRTS, BLOUSES, SWEATSHIRTS, SWEATERS, VESTS, COATS, JACKETS, TEXT TYPE: GD2 BLAZERS, PARKAS, SLICKERS, APRONS, SUITS, JUMPSUITS, PANTS, SKI-PANTS,
JEANS, SHORTS, BOXER SHORTS, SKIRTS, DRESSES, ROBES, PAJAMAS, NIGHTGOWNS, SLIPS, BELTS, SWIMWEAR, SOCKS, LEGGINGS, TIES, BANDANNAS, SCARVES, GLOVES, HEADBANDS, CAPS, HATS, AND FOOTWEAR;
	
	42: RETAIL AND MAIL ORDER CATALOG SERVICES IN THE FIELD OF CLOTHING, LUGGAGE, CLOTHING ACCESSORIES, AND HOME FURNISHINGS; RETAIL SERVICES IN THE FIELD OF CLOTHING,
LUGGAGE, CLOTHING ACCESSORIES AND HOME FURNISHINGS
							
	Taiwan	  	CREWCUTS (ENGLISH AND CHINESE CHARACTERS)	  	84047363	  	09-19-95	  	00761644	  	5/16/1997	  	Registered
							
		  	

	  		  		  		  		  	
	
	25: SKIRTS, SWEATERS, CAPS, HATS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SLICKERS, BLOUSES, DRESSES, SKIRTS, KNIT TOPS, UNDERSHIRTS, SHOES,
ATHLETIC SHOES AND BOOTS
							
	Taiwan	  	J. CREW	  	77/44943	  	09-30-88	  	00524921	  	6/1/1991	  	REGISTERED
	
	40: MEN’S AND WOMENS SHIRTS, PANTS, SHORTS, SKIRTS, JACKETS, SWEATERS, SWEAT SHIRTS, SLICKERS AND BLOUSES
							
	Taiwan	  	J. CREW	  	83032577	  	05-09-94	  	00079957	  	12/15/1995	  	REGISTERED
	
	42: ACTING AS AGENCY FOR DISTRIBUTION OF CLOTHING, CLOTHING ACCESSORIES, JEWELRY AND LUGGAGE, MAIL ORDER SERVICES IN THE FIELD OF CLOTHING, CLOTHING ACCESSORIES,
JEWELRY AND LUGGAGE; SERVICES IN IMPORT-EXPORT TRADING AND AGENT FOR QUOTATIONS, TENDERS AND SALES OF VARIOUS PRODUCTS FOR DOMESTIC AND FOREIGN MANUFACTURES (FORMERLY LOCAL CLASS 8)
							
	Taiwan	  	J. CREW	  	88023665	  	05-18-99	  	00917471	  	1/1/2001	  	REGISTERED
	
	25: BANDANAS, NECKTIES, SOCKS, BOOTS, SHOES, HOSIERY AND BELTS; CAPS, NECKTIES, GLOVES, HOSIERY, SOCKS AND PANTYHOSE

 

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    29

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	Taiwan	  	J. CREW	  	88023663	  	05-18-99	  	00901593	  	8/16/2000	  	REGISTERED
	
	24: TOWELS
							
	Taiwan	  	J. CREW (ENGLISH AND CHINESE CHARACTERS)	  	83063797	  	10-14-94	  	78559	  	9/16/1995	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	42: RETAIL AND MAIL ORDER CATALOG SERVICES IN THE FIELD OF CLOTHING, CLOTHING ACCESSORIES, JEWELRY AND LUGGAGE: FACTORY RETAIL AND WHOLESALE OUTLET STORE SERVICES IN
THE FIELD OF CLOTHING, CLOTHING ACCESSORIES, JEWELRY AND LUGGAGE
							
	Taiwan	  	J. CREW (ENGLISH AND CHINESE CHARACTERS)	  	83063798	  	10-14-94	  	00711340	  	5/31/1991	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	25: CLOTHING; NAMELY SHIRTS, T-SHIRTS, BLOUSES, CAMISOLES, SWEATSHIRTS, SWEATERS, CARDIGANS, VESTS, TUNICS, COATS, JACKETS, PARKAS, SLICKERS, BLAZERS, SUITS, BODYSUITS,
TANKTOPS, ROMPERS, JUMPSUITS, PANTS, JEANS, SHORTS, STIRRUPS, SKIRTS, DRESSES, CHEMISES, ROBES, PAJAMAS, HOSIERY, SOCKS, LEGGINGS, TIES, SCARVES, BANDANNAS, GLOVES, NIGTHGOWNS, BELTS, SWIMWEAR, LINGERIE, PANTIES, BRAS, SLIPS, APRONS, EXERCISE WEAR
(LEOTARDS, UNITARDS, BICYCLE SHORTS, BRA TOPS), HEADGEAR (CAPS, HATS, HEADBANDS); FOOTWEAR (SLIPPERS, SHOES, SNEAKERS, MULES, SANDALS, MOCASSINS, ESPADRILLES, AND THONGS) (FORMERLY LOCAL CLASS 40)
							
	Taiwan	  	J. CREW and Design (with oarsman and underline)	  	88023664	  	05-18-99	  	00908257	  	9/30/2000	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	24: TOWELS

  

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    30

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	Taiwan	  	J. CREW and Design (with oarsman and underline)	  	88023666	  	05-18-99	  	00920845	  	12/16/2000	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	BANDANAS, NECKTIES, SOCKS, BOOTS, SHOES, HOSIERY AND BELTS; CAPS, NECKTIES, GLOVES, HOSIERY, SOCKS AND PANTYHOSE
							
	Thailand	  	CREWCUTS	  	293676	  	10-16-95	  	KOR50574	  	10/16/1995	  	REGISTERED
	
	25: SHIRTS, SWEATERS, CAPS, HATS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SLICKERS, BLOUSES, DRESSES, SKIRTS, KNIT TOPS, UNDERSHIRTS, SHOES,
ATHLETIC SHOES, AND BOOTS
							
	Thailand	  	J. CREW and Design (with oarsman and underline)	  	359724	  	05-12-98	  	73859	  	5/12/1988	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	NA 38: ARTICLES OF CLOTHING; GOODS AS RECLASSIFIED IN INTERNATIONAL CLASS 25: SHIRTS, T-SHIRTS, SWEATERS, CARDIGANS, TUNICS, CAPS, HATS, SCARVES, TIES, BANDANNAS,
HEADBANDS, SHORTS, BOXER SHORTS, PANTS (EXCEPT UNDERPANTS AND SPORT PANTS), JEANS, STIRRUPS, SWEATSHIRTS, SWEATPANTS, BELTS, SOCKS, COATS, JACKETS, VESTS, BLAZERS, SUITS, COATS, RAINCOATS, SLICKERS, PARKAS, SKIRTS, BLOUSES, CHEMISES, CAMISOLES,
ROBES, DRESSES, KNIT TOPS, PAJAMAS, SOCKS, LEGGINGS, TIGHTS, GLOVES, NIGHTGOWNS LINGERIE, PANTIES, BRAS, SLIPS, APRONS, SPORTSWEAR, BODYSUITS, TANK TOPS, ROMPERS, JUMPSUITS, SKI-PANTS, EXERCISE WEAR, LEOTARDS, UNITARDS, BICYCLE SHORTS, BRA TOPS,
JOGGING SUITS, SLIPPERS, SHOES (EXCEPT SPORT SHOES), SPORTSHOES, BOOTS SNEAKERS, MULES, (CONTINUED GDS 2) TEXT TYPE: GD2 SANDALS, MOCCASINS, ESPADRILLES AND THONGS SWIMWEAR
							
	Turkey	  	J.CREW	  	97/11849	  	08-14-97	  	1997011849	  	8/14/1997	  	REGISTERED
	
	18: ANIMAL SKINS, HIDES, UMBRELLAS, PARASOLS AND WALKING STICKS
							
	United Kingdom	  	CREWCUTS	  	2037650	  	09-22-95	  	2037650	  	9/22/1995	  	REGISTERED
	
	25: OUTER CLOTHING, SHIRTS, SWEATERS, CAPS, HATS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, TROUSERS SLACKS, BELTS, SOCKS, JACKETS, SLICKERS, BLOUSES, DRESSES, SKIRTS,
KNIT TOPS; UNDERSHIRTS, SHOES, ATHLETIC SHOES AND BOOTS

  

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    31

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	United Kingdom	  	J. CREW and Design (with oarsman)	  	B1340825	  	04-08-88	  	B1340825	  	4/8/1988	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	25: SHIRTS FOR MEN AND WOMEN; SHOES, CAPS, HATS, BANDANNAS, SHORTS, PANTS, TROUSERS, BELTS, SOCKS, JACKETS, SLICKERS, SKIRTS, BLOUSES AND DRESSES
							
	United Kingdom	  	J. CREW and Design (with oarsman)	  	B1545162	  	08-17-93	  	B1545162	  	8/17/1993	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	9: SUNGLASSES, SUNGLASS AND EYEGLASS FRAMES; CARRYING CASES FOR SUNGLASSES AND EYEGLASSES; PARTS AND FITTING FOR SUNGLASSES AND EYEGLASSES
	
	18: LUGGAGE, HANDBAGS, DUFFEL BAGS, TOTE BAGS, WEEKENDER BAGS, BACKPACKS, PURSES, COSMETICS CASES AND SHAVING CASES, ALL BEING SOLD EMPTY, BILLFOLDS, PASSPORTS CASES,
COINCASES, KEY CASES, CHECKBOOK CASES AND UMBRELLAS
	
	24: PILLOW CASES, PILLOW SHAMS, DUST RUFFLES, SHEETS, BED SKIRTS, COMFORTERS, BLANKET COVERS, DUVET COVERS, COMFORTER COVERS, BLANKETS, BED SPREADS, QUILTS, TOWELS,
WASH CLOTHS, SHOWER CURTAINS, TEXTILE BATH MATS, TEXTILE PLACEMATS, TEXTILE TABLE CLOTHS, TEXTILE NAPKINS, TABLE LINEN, WINDOW CURTAINS AND DRAPERIES
							
	United States	  	CREW	  	73/465087	  	02-10-84	  	1348064	  	7/9/1985	  	REGISTERED
	
	25: DRESS SHIRTS, VESTS, SKIRTS, PANTS AND SHORTS
							
	United States	  	CREW	  	76/014732	  	03-31-00	  	2431701	  	2/27/2001	  	REGISTERED
	
	25: SHIRTS, VEST, PULLOVERS, TOPS, SKIRTS, DRESSES, JACKETS, COATS, PANTS, JEANS, TROUSERS, SHORTS, SWEATERS, HATS, CAPS, SCARVES, NECKTIES, BELTS, COATS, PARKAS,
PONCHOS, ROBES, PAJAMAS, NIGHTGOWNS, BRAS, PANTIES, BRIEFS, BOXER SHORTS, SWIMWEAR, SOCKS AND FOOTWEAR
							
	United States	  	crew.com	  		  		  		  		  	Registered

  

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    32

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	United States	  	crew.info	  		  		  		  		  	Registered
							
	United States	  	crew.us	  		  		  		  		  	Registered
							
	United States	  	CREWCUTS	  	76/240045	  	04-12-01	  		  		  	FILED
	
	25: CHILDREN’S SHIRTS, SWEATERS, CAPS, HATS, SWEATSHIRTS, SOCKS, JACKETS
							
	United States	  	CREWCUTS	  	78/417243	  	05/12/04	  		  		  	FILED
	
	25: SHIRTS, SWEATERS, SWEATSHIRTS, JACKETS, PANTS, SKIRTS, COATS, CAPS, HATS, SOCKS AND FOOTWEAR
							
	United States	  	crewcuts.net	  		  		  		  		  	Registered
							
	United States	  	itsmadewell.biz	  		  		  		  		  	Registered
						
	United States	  	itsmadewell.com	  		  		  		  	Registered
						
	United States	  	itsmadewell.info	  		  		  		  	Registered
							
	United States	  	itsmadewell.net	  		  		  		  		  	Registered
						
	United States	  	itsmadewell.org	  		  		  		  	Registered
							
	United States	  	J. CREW	  	73/411531	  	01-31-83	  	1308888	  	12/11/1984	  	REGISTERED
	
	18: LUGGAGE, UMBRELLAS, HANDBAGS, DUFFEL BAGS;
	
	25: MEN’S AND WOMEN’S SHIRTS, SWEATERS, SHOES, CAPS, HATS, BANDANAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SLICKERS, SKIRTS, BLOUSES, DRESSES:

	
	42: RETAIL CATALOG SERVICES IN THE FIELD OF CLOTHING, LUGGAGE AND CLOTHING ACCESSORIES

 

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    33

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	United States	  	J.CREW	  	74/710135	  	08-02-95	  	2169873	  	6/30/1998	  	REGISTERED
	
	25: WOMEN’S INTIMATE APPAREL, NAMELY, BRAS, BRA TOPS, TANKTOPS, BRIEFS, BIKINI BOTTOMS AND THONGS
							
	United States	  	J.CREW	  	75/676905	  	04-01-99	  	1351667	  	5/23/2000	  	REGISTERED
	
	35: RETAIL OUTLET AND RETAIL STORE SERVICES IN THE FIELD OF CLOTHING AND ACCESSORIES
							
	United States	  	J.CREW	  	75/706219	  	05-14-99	  	2462509	  	6/19/2001	  	REGISTERED
	
	14: NECKLACES, BRACELETS, EARRINGS AND RINGS
							
	United States	  	J.CREW	  	75/841908	  	11-05-99	  		  		  	FILED
	
	3: PERFUME, EAU DE PARFUM, EAU DE TOILETTE, FRAGRANCED BODY LOTION, FRAGRANCED BODY CREAM, FACE CREAM, BODY CREAM, ANTI-WRINKLE CREAM, SKIN RENEWAL CREAM, EYE CREAM,
SKIN MOISTURIZER, BODY LOTION, BODY OIL, SKIN BALANCING LOTION, FACIAL SKIN OIL CONTROLLER, SKIN WRINKLE TREATMENT LOTIONS AND CREAMS, SKIN BLEMISH TREATMENT LOTIONS AND CREAMS, FACIAL TONER, BODY TONER, FACIAL AND BODY EXFOLIATING PREPARATION,
FACIAL AND BODY BEAUTY MASKS, FACIAL AND BODY OIL SPRAY TOILET SOAPS, LIQUID SOAPS, CREAM SOAPS, PAPER SOAPS FOR HANDS, FACE AND BODY, COSMETIC SOAPS, FACIAL CLEANSER, BODY CLEANSER, SKIN CLEANSING LOTION, SKIN CLEANSING GEL, BATH POWDER, BATH OIL,
BODY POWDER, SHAVING FOAM, PRE-SHAVE LOTIONS AND CREAMS, AFTER SHAVE LOTIONS AND CREAMS, AFTER SHAVE BALM, DEODORANTS AND PERSPIRANTS, POTPOURRI ESSENTIAL OILS FOR PERSONAL USE AND MASSAGE OILS
	
	4: SCENTED AND UNSCENTED CANDLES
							
	United States	  	J.CREW UNTUCKED	  	78/496989	  	10-08-04	  		  		  	FILED
	
	14: NECKLACES, BRACELETS, EARRINGS, WATCHES, BROOCHES AND RINGS
	
	18: LUGGAGE, HANDBAGS, CLUTCH PURSES, TOILETRY CASES SOLD EMPTY, WALLETS, TOTE BAGS, DUFFEL BAGS, BACKPACKS, LUGGAGE TAGS AND LEATHER KEY CHAINS
	
	25: SHIRTS, T-SHIRTS, BLOUSES, SWEATERS, SWEAT SHIRTS, SWEAT PANTS, COATS, JACKETS, SHORTS, PANTS, SUITS, DRESSES SKIRTS, SWIMWEAR, UNDERWEAR, SLEEPWEAR, LOUNGEWEAR,
TIGHTS, CAPS, HATS, GLOVES, SCARVES, TIES, POCKET SQUARES, BELTS SOCKS AND FOOTWEAR
							
	United States	  	JCG	  	75/47201	  	08-26-97	  	2385964	  	9/12/2000	  	REGISTERED
	
	25: MEN’S AND WOMEN’S CLOTHING, NAMELY, SHIRTS, T-SHIRTS, SWEATERS, CARDIGANS, TUNICS, CAPS, HATS, SCARVES, TIES, BANDANNAS SHORTS, BOXER SHORTS, PANTS,
JEANS, STIRRUPS, SWEATSHIRTS, SWEATPANTS, BELTS, SOCKS, COATS, JACKETS, VESTS, BLAZERS SUITS, SLICKERS, SKIRTS, BLOUSES, CHEMISES, CAMISOLES, ROBES, DRESSES; PAJAMAS, HOSIERY, SOCKS, LEGGINGS, TIGHTS, GLOVES, NIGHTGOWNS, LINGERIE, PANTIES, BRAS,
SLIPS; SPORTSWEAR, NAMELY, BODYSUITS, TANK TOPS, ROMPERS, JUMPSUITS, SKI-PANTS: EXERCISE WEAR, NAMELY, LEOTARDS, UNITARDS, BICYCLE SHORTS, BRA TOPS, JOGGING SUITS; SWIMWEAR, FOOTWEAR
	
	35: RETAIL CATALOG, RETAIL OUTLET AND RETAIL STORE SERVICES IN THE FIELD OF CLOTHING AND CLOTHING ACCESSORIES

 

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    34

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	United States	  	JCMG	  	75/347202	  	8-26-97	  	2272925	  	8/24/1999	  	REGISTERED
	
	25: MEN’S AND WOMEN’S CLOTHING, NAMELY, SHIRTS, T-SHIRTS, SWEATERS, CARDIGANS, TUNICS, CAPS, HATS, SCARVES, TIES, BANDANNAS, SHORTS, BOXER SHORTS, PANTS,
JEANS, STIRRUPS, SWEATSHIRTS, SWEATPANTS, BELTS, SOCKS, COATS, JACKETS, VESTS, BLAZERS, SUITS, SLICKERS, SKIRTS, BLOUSES, CHEMISES, CAMISOLES, ROBES, DRESSES; PAJAMAS, HOSIERY, SOCKS, LEGGINGS, TIGHTS, GLOVES, NIGHTGOWNS, LINGERIE, PANTIES, BRAS,
SLIPS: SPORTSWEAR, NAMELY, BODYSUITS, TANK TOPS, ROMPERS, JUMPSUITS, SKI-PANTS, EXERCISE WEAR, NAMELY, LEOTARDS, UNITARDS, BICYCLE SHORTS, BRA TOPS, JOGGINGS SUITS; SWIMWEAR, FOOTWEAR
	
	35: RETAIL CATALOG, RETAIL OUTLET AND RETAIL STORE SERVICES IN THE FIELD OF CLOTHING AND CLOTHING ACCESSORIES
							
	United States	  	jcrew.biz	  		  		  		  		  	Registered
							
	United States	  	JCREW.COM	  	75/437555	  	02-20-98	  	2255255	  	6/22/1999	  	REGISTERED
	
	41: ON-LINE CATALOG FEATURING CLOTHING AND ACCESSORIES DISTRIBUTED BY MEANS OF A GLOBAL COMPUTER INFORMATION NETWORK
							
	United States	  	jcrew.com	  		  		  		  		  	Registered
							
	United States	  	j-crew.com	  		  		  		  		  	Registered
				
	United States	  	jcrew.com (katakana characters)	  		  	Registered
						
	United States	  	jcrew.eu.com	  		  		  		  	Registered
							
	United States	  	jcrew.info	  		  		  		  		  	Registered
							
	United States	  	jcrew.net	  		  		  		  		  	Registered
					
	United States	  	jcrew.net (chinese characters)	  		  		  	Registered

  

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    35

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	United States	  	jcrew.net (katakana characters)	  		  		  		  		  	Registered
							
	United States	  	jcrew.org	  		  		  		  		  	Registered
							
	United States	  	jcrew.us	  		  		  		  		  	Registered
							
	United States	  	jcrewbath.com	  		  		  		  		  	Registered
							
	United States	  	jcrewbody.com	  		  		  		  		  	Registered
							
	United States	  	jcrewcatalog.com	  		  		  		  		  	Registered
							
	United States	  	jcrewcuts.com	  		  		  		  		  	Registered
							
	United States	  	jcrewfactory.com	  		  		  		  		  	Registered
							
	United States	  	jcrewgirl.com	  		  		  		  		  	Registered
							
	United States	  	jcrewhome.com	  		  		  		  		  	Registered
							
	United States	  	jcrewimage.com	  		  		  		  		  	Registered
							
	United States	  	jcrewimports.com	  		  		  		  		  	Registered

  

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    36

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	United States	  	jcrewmail.com	  		  		  		  		  	Registered
							
	United States	  	jcrewonline.com	  		  		  		  		  	Registered
							
	United States	  	jcrewouclear.com	  		  		  		  		  	Registered
							
	United States	  	jcrewourdets.com	  		  		  		  		  	Registered
							
	United States	  	jcrewshop.com	  		  		  		  		  	Registered
							
	United States	  	jcrewsucks.com	  		  		  		  		  	Registered
							
	United States	  	jcrew-sucks.com	  		  		  		  		  	Registered
							
	United States	  	jcrewsucks.org	  		  		  		  		  	Registered
							
	United States	  	jcrew-sucks.org	  		  		  		  		  	Registered
							
	United States	  	jcrewuntucked.com	  		  		  		  		  	Registered
							
	United States	  	MULTIGLISSE	  	75/370961	  	10/9/1997	  	2350570	  	5/16/2000	  	REGISTERED
	
	25: MEN’S AND WOMEN’S CLOTHING, NAMELY, SHIRTS, T-SHIRTS, SWEATERS, CARDIGANS, TUNICS, CAPS, HATS, SCARVES TIES, BANDANNAS SHORTS, BOXER SHORTS, PANTS, JEANS,
STIRRUP PANTS, SWEATSHIRTS, SWEATPANTS, BELTS, SOCKS, COATS, JACKETS, VESTS BLAZERS SUITS, SUCKERS, SKIRTS, BLOUSES, CHEMISES, CAMISOLES, ROBES, DRESSES; PAJAMAS, HOSIERY, SOCKS, LEGGINGS TIGHTS, GLOVES, NIGHTGOWNS, LINGERIE, PANTIES, BRAS, SUPS;
SPORTSWEAR, NAMELY, BODYSUITS, TANK TOPS, ROMPERS, JUMPSUTIS, SKI-PANTS; EXERCISE WEAR, NAMELY, LEOTARDS, UNI-TARDS, BICYCLE SHORTS, BRA TOPS, JOGGING SUITS: SWIMWEAR AND FOOTWEAR

 

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    37

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	United States	  	myjcrew.com	  		  		  		  		  	Registered
							
	United States	  	shopjcrew.com	  		  		  		  		  	Registered
							
	United States	  	SO J. CREW	  	76/051252	  	05-18-00	  	2735138	  	7/8/2003	  	REGISTERED
	
	3: PERFUME. EAU DE PERFUME. BODY LOTION, FACIAL AND BODY EXFOLIATING PREPARATION, FACIAL AND BODY MASK, FACIAL AND BODY OIL SPRAY. TOILET SOAPS, CLEANSING
GEL
	
	4: SCENTED AND UNSCENTED CANDLES
							
	United States	  	wwwjcrew.com	  		  		  		  		  	Registered
							
	United States	  	wwwjcrewemail.com	  		  		  		  		  	Registered
							
	Uruguay	  	J. CREW	  	293323	  	2/17/1997	  	293323	  	1/10/2002	  	REGISTERED
	
	18: ALL GOODS IN CLASS
	
	25: ALL GOODS IN CLASS
	
	42: ALL SERVICES IN CLASS
							
	Venezuela	  	CREWCUTS	  	018712/95	  	11/23/1993	  	195374-9	  	3/7/1997	  	REGISTERED
	
	25: CLASS HEADING
							
	Venezuela	  	J. CREW	  	005841	  	3/25/1992	  		  		  	FILED
	
	NA 39: MEN’S AND WOMENS SHIRTS, SWEATERS SHOES, CAPS, HATS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCK, JACKETS, SLICKERS, SKIRTS, BLOUSES AND
DRESSES
							
	Venezuela	  	J. CREW	  	005839	  	3/25/1992	  	572	  	7/10/1994	  	Registered
	
	42: RETAIL CATALOG SERVICES

  

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    38

 J. CREW INTERNATIONAL, INC. 

Worldwide Registration and Application Report as of November 19, 2004 

 

													
	 COUNTRY
	  	 MARK
	  	 APPLN. NO.
	  	 APPLN. DATE
	  	 REG. NO.
	  	 REG. DATE
	  	 STATUS

							
	Venezuela	  	J. CREW and Design (with oarsman and underline)	  	005838	  	03-25-92	  		  		  	FILED
							
		  	

	  		  		  		  		  	
	
	NA 39: MEN’S AND WOMEN’S SHIRTS, SWEATERS, SHOES, CAPS, HATS, BANDANNAS, SHORTS, SWEATSHIRTS PANTS, BELTS, SOCKS, JACKETS, SLICKERS, SKIRTS, BLOUSES AND
DRESSES
							
	Virgin Islands (US)	  	J. CREW	  		  		  	6130	  	12/11/1984	  	Registered
	
	18: LUGGAGE UMBRELLAS, HANDBAGS, DUFFEL BAGS.
	
	25: MEN’S AND WOMEN’S SHIRTS, SWEATERS, SHOES, CAPS, HATS, BANDANNAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS SLICKERS, SKIRTS, BLOUSES, DRESSES

	
	42: RETAIL CATALOG SERVICES IN THE FIELD OF CLOTHING, LUGGAGE AND CLOTHING ACCESSORIES
							
	Virgin Islands (US)	  	J. CREW	  		  		  	6128	  	3/9/1993	  	REGISTERED
	
	42: RETAIL OUTLET AND RETAIL STORE SERVICES IN THE FIELD OF CLOTHING
							
	Virgin Islands (US)	  	J. CREW	  		  		  	6128	  	3/9/1993	  	REGISTERED
	
	42: RETAIL OUTLET AND RETAIL STORE SERVICES IN THE FIELD OF CLOTHING AND ACCESSORIES
							
	Virgin Islands (US)	  	J. CREW and Design (with oarsman and underline)	  		  		  	6129	  	9/19/1989	  	REGISTERED
							
		  	

	  		  		  		  		  	
	
	18: LUGGAGE UMBRELLAS, HANDBAGS, DUFFEL BAGS,
	
	25: MEN’S AND WOMEN’S SHIRTS, SWEATERS, SHOES, CAPS, HATS, BANDANAS, SHORTS, SWEATSHIRTS, PANTS, BELTS, SOCKS, JACKETS, SLICKERS, SKIRTS, BLOUSES, DRESSES:

	
	42: RETAIL CATALOG SERVICES IN THE FIELD OF CLOTHING, LUGGAGE AND CLOTHING ACCESSORIES

 

					
		  	Created by Cowan, Liebowitz & Latman, P.C.	  	Page:    39

 SCHEDULE 8.12 

to 
 INFORMATION
CERTIFICATE 
 Subsidiaries; Affiliates; Investments 

A. Subsidiaries (More than 50% owned by Company indicated) 
  

							
	 Company
	  	 Subsidiary
	  	 Jurisdiction of
Incorporation
	  	 Percentage
Owned

				
	J. Crew Group, Inc.	  	J. Crew Intermediate LLC	  	Delaware	  	100%
				
	J. Crew Intermediate LLC	  	J. Crew Operating Corp.	  	Delaware	  	100%
				
	J. Crew Operating Corp.	  	J. Crew, Inc.	  	New Jersey	  	100%
		  	Grace Holmes, Inc.	  	Delaware	  	100%
		  	H.F.D. No. 55, Inc.	  	Delaware	  	100%
		  	J. Crew Virginia, Inc.	  	Virginia	  	100%
		  	C&W Outlet, Inc.	  	New York	  	100%
				
	J. Crew Inc.	  	J. Crew International, Inc.	  	Delaware	  	100%
		  	J. Crew Services, Inc.	  	Delaware	  	100%
		  	ERL, Inc.	  	New Jersey	  	100%
				
	J. Crew International, Inc.	  	J. Crew Japan, Inc.	  	Japan	  	100%

 B. Affiliates (Less than 50% Owned by
Company) 
 None 

C. Affiliates (Subject to common ownership with Company) 

See above 
 D.
Shareholders (If widely held, only holders with more than 10%) 
 See attached list of shareholders for J. Crew Group,
Inc. 
 See above for ownership of the other Companies 

 Updated Shareholder list 

 

									
	 REPORT NUMBER:
	  	FWR00025	  	EQUISERVE	  	PAGE :	  	1
	SOURCE PROGRAM:	  	FWR0025R	  	SECURITY OWNER LIST REPORT	  	DATE:	  	12/20/2004
		  		  		  	TIME:	  	10:44:27

  

													
	CLIENT:	 	JCR	 	 J. CREW GROUP, INC.
	 	EFFECTIVE:	 	12/20/2004	 		 	
	ISSUE:	 	JCRCO	 	 J. CREW GROUP OLD COMMON
	 	CUSIP:	 		 		 	

  

											
	ACCOUNT:	 		 	5932	 		 	ACCOUNT:	 	3724
	REGISTRATION:	 		 	 ROXANE AL-FAYEZ
 C/O J CREW INC

 770 BROADWAY
 NEW YORK, NY 100
103-9522
	 		 	REGISTRATION:	 	 BAIN SECURITES INC
 2
COPLEY PLACE
 ATTN BILL DOHERTY

BOSTON, MA 02116-6502

					
	SHARES:	 		 	6,250.0000    	 	 SHARES:
	 	 23,718.8000

	PRE-EXCHANGED SHARES:	 		 	0.0000    	 	 PRE-EXCHANGED SHARES:
	 	          0.0000

						
	ACCOUNT:	 		 	808	 		 	ACCOUNT:	 	4004
	REGISTRATION:	 		 	 BANCBOSTON INVESTMENTS INC

ATTN: JEFF ARIMENTO
 175 FEDERAL ST
75-10-01
 BOSTON, MA 02110-2210
	 		 	REGISTRATION:	 	 CHARLOTTE BEERS
 132 CLARKE AVE

 PALM BEACH, FL 33460-6121

					
	SHARES:	 		 	412,500.0000    	 	 SHARES:
	 	 16,466.2760

	PRE-EXCHANGED SHARES:	 		 	0.0000    	 	 PRE-EXCHANGED SHARES:
	 	          0.0000

						
	ACCOUNT:	 		 	1825	 		 	ACCOUNT:	 	4107
	REGISTRATION:	 		 	 PAULINE BOGHOSIAN

C/O CREDIT SUISSE FIRST BOSTON

ATTN: MATTHEW C KELLY
 11 MADISON
AVENUE
 NEW YORK, NY 10010-3643
	 		 	REGISTRATION:	 	 GREGORY BRENNEMAN
 31 HOLLYMEAD
DRIVE THE WOODLANDS, TX 77381-5115

					
	SHARES:	 		 	5,188.6000    	 	 SHARES:
	 	 13,000.0000

	PRE-EXCHANGED SHARES:	 		 	0.0000    	 	 PRE-EXCHANGED SHARES:
	 	          0.0000

						
	ACCOUNT:	 		 	101	 		 	ACCOUNT:	 	4519
	REGISTRATION:	 		 	 MAUD BRYT
 21 ADAMS LN
POUND RIDGE, NY 10576-1507
	 		 	REGISTRATION:	 	 JOHN W BURDEN III
 PO BOX 1131

 SANIBEL, FL 33957-1131

					
	SHARES:	 		 	25,818.8000    	 	 SHARES:
	 	   4,466.2760

	PRE-EXCHANGED SHARES:	 		 	0.0000    	 	 PRE-EXCHANGED SHARES:
	 	          0.0000

						
	ACCOUNT:	 		 	2929	 		 	ACCOUNT:	 	1104
	REGISTRATION:	 		 	 DLJ CAPITAL CORPORATION

C/O CREDIT SUISSE FIRST BOSTON

ATTN: MATTHEW C KELLY 11 MADISON AVENUE

NEW YORK, NY 10010-3629
	 		 	REGISTRATION:	 	 DLJ FUND INVESTMENT PARTNERS II LP

C/O CREDIT SUISSE
 FIRST BOSTON
ATTN: MATTHEW C KELLY
 11 MADISON AVENUE NEW YORK, NY 10010-3629

					
	SHARES:	 		 	296.4000    	 	 SHARES:
	 	 105,549.0000

	PRE-EXCHANGED SHARES:	 		 	0.0000    	 	 PRE-EXCHANGED SHARES:
	 	            0.0000

									
	REPORT NUMBER:	 	FWR00025	  	EQUISERVE	 	PAGE :	 	2
	SOURCE PROGRAM:	 	FWR0025R	  	SECURITY OWNER LIST REPORT	 	DATE:	 	12/20/2004
		 		  		 	TIME:	 	10:44:27

  

											
	CLIENT:	 	JCR	 	 J. CREW GROUP, INC.
	 	EFFECTIVE:	 	12/20/2004	 	
	ISSUE:	 	JCRCO	 	 J. CREW GROUP OLD COMMON
	 	CUSIP:	 		 	

  

									
	ACCOUNT:	 	5417	 		 	ACCOUNT:	 	3106
	REGISTRATION:	 	 PEGGY F DREXLER &

MILLARD S DREXLER TR
 MSD GRAT A
3/22/04
 C/O J CREW GROUP, INC.
 770
BROADWAY
 NEW YORK, NY 10003-9522
	 		 	REGISTRATION:	 	 FARALLON CAPITAL INSTITUTIONAL PARTNERS LP

C/O FARALLON PARTNERS LLC
 ATTN JOSEPH DOWNES

 ONE MARITIME PLAZA SUITE 1325

SAN FRANCISCO,

CA 94111-3517

				
	SHARES:	 	262,524.0000    	 	 SHARES:
	 	 115,500.0000

	PRE-EXCHANGED SHARES:	 	0.0000    	 	 PRE-EXCHANGED SHARES:
	 	            0.0000

					
	ACCOUNT:	 	3209	 		 	ACCOUNT:	 	3312
	REGISTRATION:	 	 FARALLON CAPITAL INSTITUTIONAL PARTNERS II LP

C/O FARALLON PARTNERS LLC
 ATTN JOSEPH DOWNES

 ONE MARITIME PLAZA SUITE 1325

SAN FRANCISCO, CA 94111-3517
	 		 	REGISTRATION:	 	 FARALLON CAPITAL INSTITUTIONAL III LP

C/O FARALLON PARTNERS LLC
 ATTN
JOSEPH DOWNES
 ONE MARI PLAZA STE 1325

SAN FRANCISCO,
 CA
94111-0000

				
	SHARES:	 	39,600.0000    	 	 SHARES:
	 	 13,200.0000

	PRE-EXCHANGED SHARES:	 	0.0000    	 	 PRE-EXCHANGED SHARES:
	 	          0.0000

					
	ACCOUNT:	 	3003	 		 	ACCOUNT:	 	2517
	REGISTRATION:	 	 FARALLON CAPITAL PARTNERS LP

C/O FARALLON PARTNERS LLC
 ATTN JOSEPH DOWNES

 ONE MARITIME PLAZA SUITE 1325

SAN FRANCISCO, CA 94111-3517
	 		 	REGISTRATION:	 	 CHRISTINE PASANO
 40 MORROW AVE
APT 7FN SCARSDALE, NY 10883-8265

				
	SHARES:	 	148,500.0000    	 	 SHARES:
	 	 2,668.4000

	PRE-EXCHANGED SHARES:	 	0.0000    	 	 PRE-EXCHANGED SHARES:
	 	        0.0000

					
	ACCOUNT:	 	303	 		 	ACCOUNT:	 	909
	REGISTRATION:	 	 FULL & CO CRESCENT/MACH I PARTNERS LP

C/O US BANK NA
 P O BOX 1787

MAIL CODE: MK-WI-S210 MILWAUKEE, WI 53201-1787
	 		 	REGISTRATION:	 	 GENERAL ELECTRIC CAPITAL CORPORATION

ATTN: ADB OMISORE
 120 LONG RIDGE RD

STAMFORD, CT 06927-0001

				
	SHARES:	 	34,375.0000    	 	 SHARES:
	 	 389,618.0000

	PRE-EXCHANGED SHARES:	 	0.0000    	 	 PRE-EXCHANGED SHARES:
	 	            0.0000

									
	REPORT NUMBER:	 	FWR00025	  	EQUISERVE	 	PAGE:	 	3
	SOURCE PROGRAM:	 	FWR0025R	  	SECURITY OWNER LIST REPORT	 	DATE:	 	12/20/2004
		 		  		 	 TIME:
	 	10:44:27

  

											
	CLIENT:	 	JCR	 	 J. CREW GROUP, INC.
	 	EFFECTIVE:	 	12/20/2004	 	
	ISSUE:	 	JCRCO	 	 J. CREW GROUP OLD COMMON
	 	CUSIP:	 		 	

  

									
	ACCOUNT: REGISTRATION:	 	 5314
 SCOTT
GILBERTSON
 1 UNION SQ S

#17H
 NEW YORK, NY 10003-4183
	 		 	ACCOUNT: REGISTRATION:	 	 2105
 BENNETT
GOODMAN
 C/O CREDIT SUISSE FIRST BOSTON

ATTN: MATTHEW C KELLY
 11 MADISON
AVENUE
 NEW YORK, NY 10010-3643

				
	SHARES:	 	27,896.0000	 	 SHARES:
	 	 4,002.6000

	PRE-EXCHANGED SHARES:	 	0.0000	 	 PRE-EXCHANGED SHARES:
	 	        0.0000

					
	ACCOUNT: REGISTRATION:	 	 2414
 ROB GRIEN

525 E 89TH ST
 APT 18

NEW YORK, NY 10128-7836
	 		 	ACCOUNT: REGISTRATION:	 	 2826
 STEVE MICKEY

24 MEADOW STREET

GREENWICH, CT 06831-0000

				
	SHARES:	 	3,854.4000	 	 SHARES:
	 	 2,075.4000

	PRE-EXCHANGE SHARES:	 	0 .0000	 	 PRE-EXCHANGED SHARES:
	 	        0.0000

					
	ACCOUNT: REGISTRATION:	 	 2002
 SCOTT HONOUR

16612 CALLS JERMAINE

PACIFIC PALISADES, CA 90272-1936
	 		 	ACCOUNT: REGISTRATION:	 	 4622
 J CREW GROUP
INC
 TREASURY SHARE ACCOUNT
 770
BROADWAY
 NEW YORK, NY 10003-9522

				
	SHARES:	 	889.4000	 	 SHARES:
	 	 2,000.0000

	PRE-EXCHANGED SHARES:	 	0.0000	 	 PRE-EXCHANGED SHARES:
	 	        0.0000

					
	ACCOUNT: REGISTRATION:	 	 1722
 MARK LANIGAN

C/O CREDIT SUISSE FIRST BOSTON
 ATTN: MATTHEW C
KELLY
 11 MADISON AVENUE

NEW YORK, NY 10010-3643
	 		 	ACCOUNT: REGISTRATION	 	 202
 LINCHMEN &
CO
 C/O US BANK NA
 P O BOX
1787
 MAIL CODE MK-WI-S210

MILWAUKEE, WI 53201-1787

				
	SHARES:	 	5,188.6000	 	 SHARES
	 	 618,750.0000

	PRE-EXCHANGED SHARES:	 	0.0000	 	 PRE-EXCHANGED SHARES:
	 	            0.0000

					
	ACCOUNT: REGISTRATION:	 	 1619
 KEN MOELIS

624 N ALPINE DRIVE
 BEVERLY HILLS, CA 90210-3304

	 		 	ACCOUNT : REGISTRATION:	 	 2311
 DOUG OSTROVER

C/O CREDIT SUISSE FIRST BOSTON

ATTN: MATTHEW C KELLY
 11 MADISON
AVENUE

		 		 		 		 	NEW YORK, NY 10010-3643
				
	SHARES:	 	5,188.6000	 	 SHARES:
	 	 4,002.6000

	PRE-EXCHANGED SHARES:	 	0.0000	 	 PRE-EXCHANGED SHARES:
	 	        0.0000

									
	REPORT NUMBER:	  	FWR00025	  	EQUISERVE	  	PAGE:	  	4
	SOURCE PROGRAM:	  	FWR0025R	  	SECURITY OWNER LIST REPORT	  	DATE:	  	12/20/2004
		  		  		  	TIME:	  	10:44:27

  

											
	CLIENT:	 	JCR	  	 J. CREW GROUP, INC.
	  	EFFECTIVE:	  	12/20/2004	  	
	ISSUE:	 	JCRCO	  	 J. CREW GROUP OLD COMMON
	  	CUSIP:	  		  	

  

									
	ACCOUNT:	 	4210	 		 	ACCOUNT:	 	1928
	REGISTRATION:	 	 MICHAEL OVITZ
 C/O
MICHAEL S DREYER
 DREYER EDMONDS & ASSOCIATES

355 SOUTH GRAND AVE
 SUITE 4150

LOS ANGELES, CA 90071-3117
	 	 	REGISTRATION:	 	 STEPHEN PAUL
 1236
SQUIRAL HILL AVE
 PITTSBURGH, PA 15217-1148

	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
				
	SHARES :	 	12,400.0000    	 	 SHARES:
	 	 2,668.4000

	PRE-EXCHANGED SHARES:	 	0.0000    	 	 PRE-EXCHANGED SHARES:
	 	        0.0000

					
	ACCOUNT:	 	5211	 		 	ACCOUNT:	 	4828
	REGISTRATION:	 	 JEFFREY A PFEIFLE

C/O J.CREW GROUP, INC
 770 BROADWAY

NEW YORK, NY 10003-9522
	 		 	REGISTRATION;	 	 KENNETH S PILOT

401 EAST 60TH ST #29A
 NEW YORK, NY 10022-1596

	 	 	 	 
	 	 	 	 
	 	 	 	 
				
	SHARES:	 	40,451.0000    	 	 SHARES:
	 	 105,000.0000

	PRE-EXCHANGED SHARES	 	0.0000    	 	 PRE-EXCHANGED SHARES:
	 	            0.0000

					
	ACCOUNT:	 	2208	 		 	ACCOUNT:	 	6109
	REGISTRATION:	 	 STEVE RATTNER
 C/O
CREDIT SUISSE FIRST BOSTON
 ATTN: MATTHEW C KELLY

11 MADISON AVENUE
 NEW YORK, NY
10010-3643
	 		 	REGISTRATION:	 	 MARIO RODRIGUEZ

C/O J CREW GROUP INC
 770 BROADWAY

NEW YORK, NY 10003-9522

	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
				
	SHARES:	 	4,002.6000    	 	 SHARES:
	 	 250.0000

	PRE-EXCHANGED SHARES:	 	0.0000    	 	 PRE-EXCHANGED SHARES:
	 	     0.0000

					
	ACCOUNT:	 	3518	 		 	ACCOUNT:	 	4725
	REGISTRATION:	 	 RR CAPITAL PARTNERS LP

C/O FARALLON PARTNERS LLC
 ATTENTION: JOSEPH
DOWNES
 ONE MARITIME PLAZA SUITE 1325

SAN FRANCISCO, CA 94111-3517
	 		 	REGISTRATION:	 	 DAVID M SCHWARZ

C/O DAVID M SCHWARZ
 ARCHITECTURAL SERVICES

 1707 L STREET NW STE 400

WASHINGTON, DC 20036-4213

	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
				
	SHARES:	 	13,200.0000    	 	 SHARES:
	 	 4,751.0000

	PRE-EXCHANGED SHARES:	 	0.0000    	 	 PRE-EXCHANGED SHARES:
	 	        0.0000

					
	ACCOUNT:	 	2723	 		 	ACCOUNT:	 	3621
	REGISTRATION:	 	 KEVIN SMITH
 C/O
CREDIT SUISSE FIRST BOSTON
 ATTN: MATTHEW C KELLY

11 MADISON AVENUE
 NEW YORK, NY
10010-3643
	 		 	REGISTRATION:	 	 SQUAM LAKE INVESTORS II LP

% BAIN & COMPANY
 2 COPLEY PLACE

ATTN BILL DOHERTY
 BOSTON, MA
02116-6502

	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
				
	SHARES:	 	593.0000    	 	 SHARES:
	 	 65,227.0000

	PRE-EXCHANGED SHARES:	 	0.0000    	 	 PRE-EXCHANGED SHARES :
	 	          0.0000

									
	REPORT NUMBER:	  	FWR00025	  	EQUISERVE	  	PAGE:	  	5
	SOURCE PROGRAM:	  	FWR0025R	  	SECURITY OWNER LIST REPORT	  	DATE:	  	12/20/2004
		  		  		  	TIME:	  	10:44:27

  

											
	 CLIENT:
	 	 JCR
	  	 J. CREW GROUP, INC.
	  	EFFECTIVE:	  	12/20/2004	  	
	 ISSUE:
	 	 JCRCO
	  	 J. CREW GROUP OLD COMMON
	  	CUSIP:	  		  	

  

									
	ACCOUNT:	 	2620	 		 	ACCOUNT:	 	3930
	REGISTRATION:	 	 ERIC SWANSON
 245
SOUTH LINDEN
 BEVERLY HILLS, CA 90212-3704
	 		 	REGISTRATION:	 	 BRIAN SWETTE
 1135
HILLSBORO MILE
 HILLSBORO BEACH, FL 33062-1902

	 	 	 	 
	 	 	 	 
				
	SHARES:	 	2,075.4000    	 	 SHARES:
	 	 22,945.2760

	PRE-EXCHANGED SHARES:	 	0.0000    	 	 PRE-EXCHANGED SHARES:
	 	          0.0000

					
	ACCOUNT:	 	6006	 		 	ACCOUNT:	 	404
	REGISTRATION:	 	 JONATHAN TAPPAN

C/O J CREW
 770 BROADWAY

NEW YORK, NY 10003-9522
	 		 	REGISTRATION:	 	 TCW SHARED OPPORTUNITY

FUND II LP
 C/O THE BANK OF NEW YORK

ATTN: CAROL GRAFALS

ONE WALL ST THIRD FLR WINDOW A

NEW YORK, NY 10005-2500

	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
				
	SHARES:	 	250.0000    	 	 SHARES:
	 	 34,375.0000

	PRE-EXCHANGED SHARES:	 	0.0000    	 	 PRE-EXCHANGED SHARES:
	 	          0.0000

					
	ACCOUNT:	 	707	 		 	ACCOUNT:	 	606
	REGISTRATION:	 	 TPG INVESTORS II LP

C/O TEXAS PACIFIC GROUP
 ATTN:
JOHN E VIOLA
 301 COMMERCE ST SUITE 3300

FORT WORTH, TX 76102-4133
	 		 	REGISTRATION:	 	 TPG PARALLEL II LP

C/O TEXAS PACIFIC GROUP
 ATTN: JOHN B
VIOLA
 301 COMMERCE ST SUITE 3300
 FORT
WORTH, TX 76102-4133

	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
				
	SHARES:	 	650,635.4000    	 	 SHARES:
	 	425,663.0000
	PRE-EXCHANGED SHARES:	 	0.0000    	 	 PRE-EXCHANGED SHARES:
	 	 0.0000

					
	ACCOUNT:	 	505	 		 	ACCOUNT:	 	   3827

	REGISTRATION:	 	 TPG PARTNERS II LP

C/O TEXAS PACIFIC GROUP
 ATTN:
JOHN B VIOLA
 301 COMMERCE ST SUITE 3300

FORT WORTH, TX 76102-4133
	 		 	REGISTRATION:	 	 JOSHUA WESTON
 217
CHRISTOPHER ST
 MONCLAIR, NJ 07042-4205

	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
				
	SHARES:	 	6,237,499.2000    	 	 SHARES:
	 	 25,478.2760

	PRE-EXCHANGED SHARES:	 	0.0000    	 	 PRE-EXCHANGED SHARES:
	 	          0.0000

					
	ACCOUNT:	 	1001	 		 		 	
	REGISTRATION:	 	 EMILY WOODS
 312
JOBS LN
 WATER MILL, NY 11976-3509
	 		 		 	
	 	 	 	 
	 	 	 	 
					
	SHARES:	 	2,265,176.6000    	 		 		 	
	PRE-EXCHANGED SHARES:	 	0.0000    	 		 		 	

 SCHEDULE 8.13 

to 
 INFORMATION
CERTIFICATE 
 Labor Matters 

None 

 SCHEDULE 8.15 

to 
 INFORMATION
CERTIFICATE 
 Material Contracts 
  

							
	 Company
	  	 Name of Agreement
	  	Date of
Agreement	  	 Parties to Agreement

				
	J. Crew Operating Corp.	  	Merchant Services Bankcard Agreement and Schedule B Debit Attachment	  	8/15/01
10/28/02	  	The Chase Manhattan Bank, Chase Merchant Services, L.L.C.
				
	J. Crew Operating Corp.	  	Private Label Credit Card Program Agreement	  	10/29/04	  	World Financial Network National Bank
				
	J. Crew Operating Corp.	  	Indenture relating to 10
 3/8% Senior Subordinated Notes Due 2007
	  	10/17/97	  	U. S. Bank (f/k/a State Street Bank and Trust Company), as Trustee
				
	J. Crew Inc.	  	Printing Agreement	  	Under
Negotiation	  	R. R Donnelley & Sons
				
	J. Crew Inc.	  	Select Merchant Payment Card Processing Agreement	  	10/3/01	  	Paymentech, L.L.C.
				
	J. Crew Group, Inc.	  	Web Hosting Agreement	  	2/14/01	  	Digex, Inc.
				
	J. Crew Group, Inc.	  	Master Hardware and Services Agreement	  	8/9/01	  	CRS Retail Systems, Inc.
				
	J. Crew Group, Inc.	  	Master Software and Services Agreement	  	8/9/01	  	CRS Retail Systems, Inc.

							
	J. Crew Group, Inc.	  	Services Agreement and Addendum No.1 (1/31/02)	  	11/25/00	  	Electronic Data Systems Corporation
				
	J. Crew Group, Inc.	  	AT&T Master Agreement and Addendums	  	7/1/02	  	AT&T Corp.
				
	J. Crew Group, Inc.	  	Merchant Services Agreement	  	9/3/87	  	Discover Card Services, Inc.
				
	J. Crew Group, Inc.	  	Amendment to Card Service Agreement for Retail Establishments	  	1/1/93	  	American Express Travel Related Services Company, Inc.
				
	J. Crew Group, Inc.	  	Indenture relating to 13
 1/8% Discount Debentures Due
2008	  	10/17/97	  	U. S. Bank (f/k/a Senior State Street Bank and Trust Company), as Trustee
				
	J. Crew Group, Inc.	  	Supplemental Indenture relating to 13
 1/8% Senior Discount Debentures Due 2008
	  	5/6/03	  	U. S. Bank, as Trustee
				
	J. Crew Intermediate LLC	  	Indenture relating to 16.0% Senior Discount Contingent Principal Notes	  	5/6/03	  	U.S. Bank, as Trustee
				
	J. Crew Group, Inc.	  	Credit Agreement, as amended	  	2/4/03	  	TPG-MD Investment, LLC
				
	J. Crew Operating Corp. and subsidiaries	  	Senior Subordinated Loan Agreement	  	11/21/04	  	U.S. Bank, as Administrative Agent

 Leases for
retail and factory store locations with various landlords 

 SCHEDULE 9.9 

to 
 INFORMATION
CERTIFICATE 
 Existing Indebtedness 
  

	1.	Direct Debt 

  

							
	 Company
	  	 Name/Address

of Payee
	  	 Nature of Debt
	  	 Term

				
	J. Crew Group, Inc.	  	Various holders	  	Series A Preferred stock	  	Mandatory payment of accumulated unpaid dividends on 10/17/2009
				
	J. Crew Group, Inc.	  	Various holders	  	Series B Preferred Stock	  	Mandatory redemption on 10/17/2009

  

	2.	Guarantees 

 Substantially all of the
retail and factory store leases are guaranteed by J. Crew Group, Inc. 
 J. Crew Group, Inc. and J. Crew Operating Corp. also guarantee
certain obligations of other Companies in the ordinary course of their businesses. 

 SCHEDULE 9.10 

to 
 INFORMATION
CERTIFICATE 
 Loans and Advances 

None 

 SCHEDULE I 

to 

INFORMATION CERTIFICATE 

DIRECTORS AND OFFICERS 
  

					
	 COMPANY
	  	 DIRECTORS
	  	 EXECUTIVE OFFICERS

	J. Crew Group, Inc.	  	 Richard Boyce
 Jonathan Coslet

 James Coulter
 Millard
Drexler
 Steven Grand-Jean
 Emily Scott

 Thomas Scott
 Stuart Sloan

Josh Weston
	  	 Millard Drexler, Chief Executive Officer
  

Jeff Pfeifle, President
  

Amanda Bokman, Executive Vice President and Chief Financial Officer
  

Arlene Hong, Senior Vice President, General Counsel and Secretary

			
	 J. Crew
 Intermediate
LLC
	  	 Richard Boyce
 Jonathan Coslet

 James Coulter
 Millard
Drexler
 Steven Grand-Jean
 Emily Scott

 Thomas Scott
 Stuart Sloan

Josh Weston
	  	 Millard Drexler, Chief Executive Officer
  

Jeff Pfeifle, President
  

Amanda Bokman, Executive Vice President and Chief Financial Officer
  

Arlene Hong, Senior Vice President, General Counsel and Secretary

			
	 J. Crew
 Operating
Corp.
	  	 Richard Boyce
 Jonathan Coslet

 James Coulter
 Millard
Drexler
 Steven Grand-Jean
 Emily Scott

 Thomas Scott
 Stuart Sloan

Josh Weston
	  	 Millard Drexler, Chief Executive Officer
  

Jeff Pfeifle, President
  

Amanda Bokman, Executive Vice President and Chief Financial Officer
  

Arlene Hong, Senior Vice President, General Counsel and Secretary

			
	 J. Crew
 International, Inc.

	  	 Arlene Hong
 Melanie Andrews

 Gordon Stewart
	  	 Arlene Hong, President
  

Melanie Andrews, Vice President, Treasurer and Assistant Secretary
  

Nick Lamberti, Vice President – Finance, Assistant Treasurer and Assistant Secretary

 
 Gordon Stewart,
Secretary

					
	Grace Holmes, Inc.	  	 Amanda Bokman
 Nicholas
Lamberti
 Arlene Hong
	  	 Millard Drexler, President
  

Amanda Bokman, Executive Vice-President and Chief Financial Officer
  

Arlene Hong, Senior Vice President and Secretary
  

Nick Lamberti, Vice President, Controller and Assistant Secretary

			
	H.F.D. No. 55, Inc.	  	 Amanda Bokman
 Nicholas
Lamberti
 Arlene Hong
	  	 Millard Drexler, President
  

Amanda Bokman, Executive Vice-President and Chief Financial Officer
  

Arlene Hong, Senior Vice President and Secretary
  

Nick Lamberti, Vice President, Controller and Assistant Secretary

			
	J. Crew Inc.	  	 Amanda Bokman
 Nicholas
Lamberti
 Arlene Hong
	  	 Millard Drexler, President
  

Amanda Bokman, Executive Vice-President and Chief Financial Officer
  

Arlene Hong, Senior Vice President and Secretary
  

Nick Lamberti, Vice President, Controller and Assistant Secretary

 EXHIBIT C 

TO 
 AMENDED AND
RESTATED LOAN AND SECURITY AGREEMENT 
 Compliance Certificate 

 

	To:	Congress Financial Corporation, as Agent 

1133 Avenue of the Americas 

New York, New York 10036 

Ladies and Gentlemen: 
 I hereby
certify to you in my capacity as [Chief Financial Officer] [Controller] pursuant to Section 9.6 of the Loan Agreement (as defined below) as follows: 

1. I am the duly elected [Chief Financial Officer] [Controller] of J. Crew Operating Corp., J. Crew Inc., a New Jersey corporation, Grace
Holmes, Inc. and HFD No. 55, Inc. (collectively, “Borrowers”). Capitalized terms used herein without definition shall have the meanings given to such terms in the Loan and Security Agreement, dated
            , 2002, by and among Congress Financial Corporation as agent for the financial institutions party thereto as lenders (in such capacity, “Agent”), Wachovia Bank,
National Association, as arranger (in such capacity “Arranger”) and the parties thereto as lenders (collectively, “Lenders”), Borrowers and certain of their affiliates (as such Loan and Security Agreement is amended, modified or
supplemented, from time to time, the “Loan Agreement”). 
 2. I have reviewed the terms of the Loan Agreement, and
have made, or have caused to be made under my supervision, a review in reasonable detail of the transactions and the financial condition of Borrowers and Guarantors, during the immediately preceding fiscal month. 

3. The review described in Section 2 above did not disclose the existence during or at the end of such fiscal month, and I have no
knowledge of the existence and continuance on the date hereof, of any condition or event which constitutes a Default or an Event of Default, except as set forth on Schedule I attached hereto. Described on Schedule I attached hereto are the
exceptions, if any, to this Section 3 listing, in detail, the nature of the condition or event, the period during which it has existed and the action which any Borrower or Guarantor has taken, is taking, or proposes to take with respect to such
condition or event. 
 4. I further certify that, based on the review described in Section 2 above, no Borrower or
Guarantor has not at any time during or at the end of such fiscal month, except as specifically described on Schedule II attached hereto or as permitted by the Loan Agreement, done any of the following: 

 

	 	(a)	Changed its respective corporate name, or transacted business under any trade name, style, or fictitious name, other than those previously described to you and set
forth in the Financing Agreements. 

  

 C-1 

	 	(b)	Changed the location of its chief executive office, changed its jurisdiction of incorporation, changed its type of organization or changed the location of or disposed
of any of its properties or assets (other than pursuant to the sale of Inventory in the ordinary course of its business or as otherwise permitted by Section 9.7 of the Loan Agreement), or established any new asset locations.

  

	 	(c)	Materially changed the terms upon which it sells goods (including sales on consignment) or provides services, nor has any vendor or trade supplier to any Borrower or
Guarantor during or at the end of such period materially adversely changed the terms upon which it supplies goods to any Borrower or Guarantor. 

  

	 	(d)	Permitted or suffered to exist any security interest in or liens on any of its properties, whether real or personal, other than as specifically permitted in the
Financing Agreements. 

  

	 	(e)	Received any notice of, or obtained knowledge of any of the following not previously disclosed to Agent: (i) the occurrence of any event involving the release,
spill or discharge of any Hazardous Material in violation of applicable Environmental Law in a material respect or (ii) any investigation, proceeding, complaint, order, directive, claims, citation or notice with respect to: (A) any
non-compliance with or violation of any applicable Environmental Law by any Borrower or Guarantor in any material respect or (B) the release, spill or discharge of any Hazardous Material in violation of applicable Environmental Law in a
material respect or (C) the generation, use, storage, treatment, transportation, manufacture, handling, production or disposal of any Hazardous Materials in violation of applicable Environmental Laws in a material respect or (D) any other
environmental, health or safety matter, which has a material adverse effect on any Borrower or Guarantor or its business, operations or assets or any properties at which such Borrower or Guarantor transported, stored or disposed of any Hazardous
Materials. 

  

	 	(f)	Become aware of, obtained knowledge of, or received notification of, any breach or violation of any material covenant contained in any instrument or agreement in
respect of Indebtedness for money borrowed by any Borrower or Guarantor. 

 5. Attached hereto as Schedule III are
the calculations used in determining, as of the end of such fiscal month whether Borrowers and Guarantors are in compliance with the covenants set forth in Sections 9.18 and 9.19 of the Loan Agreement for such fiscal month. 

The foregoing certifications are made and delivered this day of
                    , 200    . 

 

 C-2 

			
	Very truly yours,
	
	  

		
	By:	 	  

		
	Title:	 	  

 

 C-3 

 EXHIBIT D 

TO 
 AMENDED AND
RESTATED LOAN AND SECURITY AGREEMENT 
 Form of Borrowing Base Certificate 

000’s omitted 

Date: December     , 2004 

Number:
                                 

Pursuant to the Amended and Restated Loan and Security Agreement, dated December     , 2004 by and among
Wachovia Bank, National Association, as administrative agent (“Administrative Agent”), Bank of America, N.A., as syndication agent (“Syndication Agent”) and Congress Financial Corporation, as collateral agent (“Agent”),
the parties thereto as lenders (“Lenders”), J. Crew Operating Corp., and certain of its affiliates, and any amendments thereto (“Loan Agreement”), each of J. Crew Operating Corp. for itself and its Affiliates party to the Loan
Agreement hereby certifies to Agent and Lenders, as of the above date, as follows: 
  

											
	 Credit Card Accounts Receivables
	  			  		  			  	
	 Assigned to CFC
	  	$	 	  		  			  	
	 Less: Ineligibles
	  			  		  			  	
					
	 Total Ineligibles
	  	$	 	  		  			  	
		  	 	 	  		  			  	
	 Eligible Credit Card A/R
	  	$	          	  		  			  	
					
	 Availability from Credit Card A/R
	  	 	@	  	% =	  	$	          	  	
					
	 Total Gross Retail Inventory as of:
	  	$	 	  		  			  	
	 Less: Ineligibles
	  			  		  			  	
					
	 Total Ineligibles
	  	$	 	  		  			  	
		  	 	 	  		  			  	
	 Eligible Inventory
	  	$	 	  		  			  	
					
	 Availability from Retail Inventory
	  	 	@	  	% =	  	$	 	  	
					
	 Total Gross Factory Inventory as of:
	  	$	 	  		  			  	
	 Less: Ineligibles
	  			  		  			  	
					
	 Total Ineligibles
	  	$	 	  		  			  	
		  	 	 	  		  			  	
	 Eligible Inventory
	  	$	 	  		  			  	
					
	 Availability from Inventory
	  	 	@	  	% =	  	$	 	  	
					
	 Total Gross Direct Inventory as of:
	  	$	 	  		  			  	

												
					
	 Less: Ineligibles
	  			  		  			  		
					
	 Total Ineligibles
	  	$	          	  		  			  		
		  	 	 	  		  			  		
	 Eligible Inventory
	  	$	 	  		  			  		
					
	 Availability from Inventory
	  	 	@	  	% =	  	$	 	  		
					
	 Availability from Term Loans (RE)
	  	$	 	  		  			  		
		  			  		  	 	 	  		
		  	 	@	  	% =	  	$	 	  		
					
	 Total Availability Before Loans
	  			  		  			  	$	          
					
	 Outstanding Loan
	  			  		  	$	 	  		
					
	 Import (Documentary) LCs
	  	$	 	  	@% =	  	$	          	  		
	 Standby LCs
	  	$	 	  	@% =	  	$	 	  		
	 Landlord Reserves
	  			  		  	$	 	  		
	 Permanent Availability Block
	  			  		  	$	 	  		
	 Total Reserves
	  			  		  			  	$	 
		  			  		  			  	 	 
					
	 NET AVAILABILITY AFTER LOANS AND L.C. RESERVES
	  			  		  			  	$	 
	 Plus: Qualified Cash
	  			  		  	$	 	  		
	 Less: Outstanding Checks
	  			  		  	$	 	  		
	 Net Availability including Cash in Bank
	  			  		  			  	$	 
		  			  		  			  	 	 

 As of the date of this Certificate, no Event of Default exists or has
occurred and is continuing Borrower Agent, for itself and each of the Borrowers acknowledges that the Loans and Letter of Credit Accommodations by Agent and Lenders to Borrowers are based upon the reliance of Agent and Lenders on the information
contained herein and all representations and warranties with respect to Accounts and Inventory in the Loan Agreement are applicable to the Accounts and Inventory included in this Certificate. The reliance by Agent and Lenders on this Certificate
should not be deemed to limit the right of Agent to establish or revise criteria of eligibility or Reserves or otherwise limit, impair, or affect in any manner the rights of Agent under the Loan Agreement. In the event of any conflict between the
determination of Agent of the amount of the Loans and Letter of Credit Accommodations available to Borrowers in accordance with the terms of the Loan Agreement and the determination by Borrowers of such amounts, the determination of Agent shall
govern, absent manifest error. All capitalized terms used in this Certificate shall have the meaning assigned to them in the Loan Agreement. 
  

			
	J. Crew Operating Corp, as Borrower Agent
		
	 By:
	 	  

		
	 Title:
	 	  

 Schedule 1.43  

Customs Brokers 
  

	1.	Vandergrift Forwarding Company, Inc. 

  

	2.	W.M. Stone & Co., Inc. 

 Schedule 8.9 

Credit Card Agreements 

1. Card Services Agreement by and between American Express Travel Related Services Company, Inc. and J. Crew Group, Inc. 

2. Merchant Services Agreement, dated as of September 3, 1987, by and between Discover Financial Services, Inc. and J. Crew Group, Inc. 

3. Private Label Credit Card Program Agreement, dated October 29, 2004, by and between World Financial Network National Bank and J. Crew Operating
Corp. 
 4. Merchant Payment Card Processing Agreement, dated on or about October 3, 2001, by and between Paymentech, LLC and J. Crew Inc.

 5. Merchant Services Bankcard Agreement, dated on or about August 15, 2001, by and among Chase Merchant Services, LLC, JP Morgan Chase,
J. Crew Operating Corp. and its subsidiaries, and the Schedule B Debit Attachment thereto.Amendment No. 2, dated as of May 15, 2006, to the Credit Facility

 Exhibit 10.2 

AMENDMENT NO.2 TO 

AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT 

AND 
 AMENDMENT
NO. 1 TO GUARANTEE 
 AMENDMENT NO.2 TO AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT (“Amendment No. 2”),
dated as of May 15, 2006, by and among J. Crew Operating Corp., a Delaware corporation (“Operating”), J. Crew Inc., a New Jersey corporation (“J. Crew”), Grace Holmes, Inc., a Delaware corporation doing business as J. Crew
Retail (“Retail”), H.F.D. No. 55, Inc., a Delaware corporation doing business as J. Crew Factory (“Factory”, and together with J. Crew, Retail and Operating, each individually a “Borrower” and collectively,
“Borrowers”), J. Crew Group, Inc., a Delaware corporation (“Parent”), J. Crew International, Inc. (“JCI”, and together with Parent, each individually an “Existing Guarantor” and collectively, “Existing
Guarantors”), and Madewell Inc., a Delaware corporation (“Madewell”, and together with Existing Guarantors, each individually a “Guarantor” and collectively, “Guarantors”), the parties from time to time to the Loan
Agreement (as hereinafter defined) as lenders (each individually, a “Lender” and collectively, “Lenders”) and Wachovia Bank, National Association, successor by merger to Congress Financial Corporation, a national banking
association, in its capacity as administrative agent and collateral agent for Lenders pursuant to the Loan Agreement (in such capacity, “Agent”), and AMENDMENT NO. 1 TO GUARANTEE (“Guarantee Amendment”), dated as of May 15,
2006, by the Borrowers and Guarantors in favor of Agent. 
 W I T N E S S
E T H: 
 WHEREAS, Agent, Lenders, Borrowers and Guarantors have entered into financing arrangements
pursuant to which Agent and Lenders have made and may make loans and advances and provide other financial accommodations to Borrowers as set forth in the Amended and Restated Loan and Security Agreement, dated December 23, 2004, by and among
Agent, Lenders, Borrowers and Guarantors, as amended by Amendment No. 1 to Amended and Restated Loan and Security Agreement, dated as of October 10, 2005 (as the same is amended and supplemented hereby and may hereafter be further amended,
modified, supplemented, extended, renewed, restated or replaced, the “Loan Agreement”) and the agreements, documents and instruments at any time executed and/or delivered in connection therewith or related thereto (collectively, together
with the Loan Agreement, the “Financing Agreements”), including, without limitation, the Guarantee, dated December 23, 2002, by the Borrowers and Existing Guarantors in favor of Agent (the “Existing Guarantee”, and as the
same is amended and supplemented hereby and may hereafter be further amended, modified, supplemented, extended, renewed, restated or replaced, the “Guarantee”); 

WHEREAS, Borrowers, Existing Guarantors and Madewell have requested that Agent and Lenders amend the Loan Agreement and the Guarantee to
add Madewell as an additional Guarantor and make certain other amendments to the Loan Agreement and the Guarantee; 
 WHEREAS,
Agent and Required Lenders are willing to agree to such amendments to the extent, and subject to, the terms and conditions set forth herein. 

 NOW, THEREFORE, in consideration of the mutual conditions and agreements and covenants set
forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

Section 1. Definitions. 

1.1 Additional Definitions. As used herein, the following terms shall have the respective meanings given to them below and the Loan
Agreement shall be deemed and is hereby amended to include, in addition and not in limitation of, each of the following definitions: 

(a) “Amendment No. 2” shall mean this Amendment No. 2 to Amended and Restated Loan and Security Agreement by and
among Agent, Lenders, Borrowers and Guarantors (including the Amendment No. 1 to Guarantee by Borrowers and Guarantors in favor of Agent set forth herein), as the same now exists and may hereafter be further amended, modified, supplemented,
extended, renewed, restated or replaced. 
 (b) “Madewell” shall mean Madewell Inc., a Delaware Corporation, and its
successors and assigns. 
 (c) “Madewell Supplemental Agreements” shall mean, collectively, the following (as the same
now exist or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced): (i) the Information Certificate of Madewell referred to in Section 1.2(d) of Amendment No. 2, (ii) Amendment No. 1 to Pledge
and Security Agreement by Operating in favor of Agent and (iii) UCC financing statement by and between Madewell, as debtor, and Agent, as secured party. 

(d)
“9 3/4% Notes” shall mean, collectively,
the 9 3/4% Senior Subordinated Notes due 2014 issued
by Operating under the Black Canyon Indenture in the original aggregate principal amount of $275,000,000 and guaranteed by Parent and certain subsidiaries of Parent, as the same now exist or may hereafter be amended, modified, supplemented,
extended, renewed, restated or replaced. 
 (e)
“9 3/4% Note Tender Offer Closing Date”
shall mean the date on which the transactions contemplated by the
9 3/4% Note Tender Offer Documents have been
consummated, but in no event after May 31, 2006. 
 (f)
“9 3/4% Note Tender Offer Documents” shall
mean, collectively, (i) the Offer to Purchase for Cash Any and All Outstanding
9 3/4% Senior Subordinated Notes due 2014 (CUSIP
No. 46612GAC1) and Solicitation of Consents to Amendments to the Related Indenture, dated October 3, 2005, by Operating with respect to the repurchase by Operating of the
9 3/4% Notes, (ii) the Consent and Letter of
Transmittal in Respect of 9 3/4% Senior Subordinated
Notes due 2014, (iii) the Black Canyon First Supplemental Indenture, and (iv) all other agreements, documents and instruments related thereto, as the same now exist or may hereafter be amended, modified, supplemented, extended, renewed,
restated or replaced. 

 1.2 Amendment to Definitions. 

(a) As of the
9 3/4% Note Tender Offer Closing Date, all
references to the term “Collateral” in the Loan Agreement or any of the other Financing Agreements shall be deemed and each such reference is hereby amended to include, in addition and not in limitation, the assets and properties of
Madewell at any time subject to the security interest or lien of Agent. 
 (b) As of the
9 3/4% Note Tender Offer Closing Date, all
references to the term “Guarantor” in the Loan Agreement and the other Financing Agreements shall be deemed and each such reference is hereby amended to include, in addition, and not in limitation, Madewell as such term is defined herein.

 (c) As of the date hereof, all references to the term “Financing Agreements” in the Loan Agreement and the
other Financing Agreements shall be deemed and each such reference is hereby amended to include, in addition and not in limitation, this Amendment, and all other agreements documents and instruments at any time executed and/or delivered by any
Borrower or Guarantor with, to or in favor of Agent, any Lender or any other person in connection with the Obligations. 

(d) As of the
9 3/4% Note Tender Offer Closing Date, all
references to the term “Information Certificate” in Loan Agreement or any of the other Financing Agreements shall be deemed and each such reference is hereby amended to include, in addition and not in limitation, the Information
Certificate of Madewell set forth as Exhibit A to this Amendment, and such Information Certificate shall be deemed to be included as part of Exhibit B to the Loan Agreement. 

1.3 Interpretation. We refer herein to Amendment No.2 and the Guarantee Amendment collectively as this “Amendment”). For
purposes of this Amendment, all terms used herein, including those terms used or defined in the recitals hereto, shall have the respective meanings assigned thereto in the Loan Agreement. 

Section 2. Assumption of Obligations: Amendments to Guarantees and Financing Agreements. 

2.1 Effective as of the
9 3/4% Note Tender Offer Closing Date, Madewell
hereby expressly (a) agrees to perform, comply with and be bound by all terms, conditions and covenants of the Loan Agreement and the other Financing Agreements applicable to Existing Guarantors and as applied to Madewell, with the same force
and effect as if Madewell had originally executed and been an original Guarantor signatory to the Loan Agreement and the other Financing Agreements, (b) is deemed to make as to itself and Existing Guarantors, and is, in all respects, bound by
all representations and warranties made by Existing Guarantors to Agent and Lenders set forth in the Loan Agreement or in any of the other Financing Agreements, (c) agrees that Agent, for itself and the benefit of Lenders, shall have all
rights, remedies and interests, including security interests in and liens upon the Collateral granted to Agent pursuant to Section 5.1 of the Loan Agreement, under and pursuant to the Loan Agreement and the other Financing Agreements, with
respect to Madewell and its properties and assets with the same 

 
force and effect as Agent, for itself and the benefit of Lenders, has with respect to Existing Guarantors and their respective assets and properties, as if Madewell had originally executed and
had been an original Guarantor signatory to the Loan Agreement and the other Financing Agreements, and (d) assumes and agrees to be directly liable to Agent and Lenders for all Obligations under, contained in, or arising pursuant to the Loan
Agreement or any of the other Financing Agreements to the same extent as if Madewell had originally executed and had been an original Guarantor signatory to the Loan Agreement and the other Financing Agreements. 

2.2 Effective as of the
9 3/4% Note Tender Offer Closing Date, each
Borrower, in its capacity as a guarantor of the payment and performance of the Obligations of the other Borrowers, and each Existing Guarantor hereby agrees that the Existing Guarantee is hereby amended to include Madewell as an additional guarantor
party signatory thereto, and Madewell hereby agrees that the Existing Guarantee is hereby amended to include Madewell as an additional guarantor party signatory thereto. Madewell hereby expressly (a) assumes and agrees to be directly liable to
Agent and Lenders, jointly and severally with Existing Guarantors and Borrowers signatories thereto, for payment and performance of all Guaranteed Obligations (as defined in the Existing Guarantee), (b) agrees to perform, comply with and be
bound by all terms, conditions and covenants of the Existing Guarantee with the same force and effect as if Madewell had originally executed and been an original party signatory to the Existing Guarantee as a Guarantor, and (c) agrees that
Agent and Lenders shall have all rights, remedies and interests with respect to Madewell and its assets and properties under the Existing Guarantee with the same force and effect as if Madewell had originally executed and been an original party
signatory as a Guarantor to the Existing Guarantee as a Guarantor. 
 2.3 Effective as of the
9 3/4% Note Tender Offer Closing Date, Madewell,
pursuant to Section 5.1 of the Loan Agreement, grants to and confirms its grant to Agent (for itself and the benefit of Lenders) of, a continuing security interest in, a lien upon, and a right of set off against, and assigns to Agent, for
itself and the benefit of Lenders, as security for the payment and performance of all Obligations, all Collateral whether now owned or hereafter acquired or existing, and wherever located. 

Section 3. Additional Representations. Warranties and Covenants. In addition to the continuing representations, warranties
and covenants heretofore or hereafter made by Borrowers and Guarantors to Agent and Lenders pursuant to the other Financing Agreements, each of Borrowers and Guarantors (including Madewell), jointly and severally, hereby represents, warrants and
covenants with and to Agent and Lenders as follows (which representations, warranties and covenants are continuing and shall survive the execution and delivery hereof and shall be incorporated into and made a part of the Financing Agreements):

 3.1 This Amendment and each other agreement or instrument to be executed and delivered by each Borrower and Guarantor in
connection herewith have been duly authorized, executed and delivered by all necessary action on the part of such Borrower or Guarantor which is a party hereto and thereto and, if necessary, its stockholders, and is in full force and effect as of
the date hereof, as the case may be, and the agreements and obligations of each Borrower and Guarantor contained herein and therein constitute legal, valid and binding obligations of such Borrower or Guarantor enforceable against it in accordance
with their terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium or other laws affecting creditor’s rights generally and by general principles of equity.

 3.2 No action of, or filing with, or consent of any Governmental Authority (other than the
filing of UCC financing statements), and no approval or consent of any other party, is required to authorize, or is otherwise required in connection with, the execution, delivery and performance of this Amendment and the transactions contemplated
hereby. 
 3.3 None of the transactions contemplated by this Amendment violate or will violate any applicable material law
applicable to any Borrower, Guarantor or Madewell, or regulation, or do or will give rise to a default or breach under any material agreement to which any Borrower, Guarantor or Madewell is a party or by which any material property of any Borrower,
Guarantor or Madewell is bound. 
 3.4 Borrowers and Guarantors (including Madewell) shall take such steps and execute and
deliver, and cause to be executed and delivered, to Agent, such additional UCC financing statements, and other and further agreements, documents and instruments as Agent may require in order to more fully evidence, perfect and protect Agent’s
first priority security interest in the Collateral (including the Collateral of Madewell). 
 3.5 Each other representation and
warranty applicable to Madewell as a Person comprising a Guarantor under the Financing Agreements is and will be true and correct as of the date hereof, excluding any representations and warranties which specifically relate to an earlier date.

 Section 4. Conditions. The effectiveness of the amendments set forth in this Amendment shall be subject to the
satisfaction of each of the following conditions: 
 4.1 Agent shall have received an original of this Amendment, duly
authorized, executed and delivered by Borrowers and Guarantors; 
 4.2 Agent shall have received all consents of Lenders
required for the consents and amendments provided for herein; 
 4.3 Agent shall have received evidence, in form and substance
satisfactory to Agent, that Borrowers and Guarantors have obtained all necessary consents and approvals to the execution, delivery and performance of this Amendment, which are and shall remain in full force and effect; 

4.4 Agent shall have received, in form and substance satisfactory to Agent, evidence that all requisite corporate or limited liability
company action and proceedings in connection with this Amendment have been taken and approved, and Agent shall have received all information and copies of all documents, including records of requisite corporate or limited liability company action
and proceedings which Agent may have reasonably requested in connection therewith, such documents where requested by Agent or its counsel to be certified by appropriate corporate officers; 

 4.5 Agent shall have received (i) a copy of the By-Laws of Madewell, (ii) a
certificate from the Secretary or Assistant Secretary of Madewell dated on or about the date hereof certifying that each of the foregoing documents remains in full force and effect and has not been modified or amended, except as described therein,
and (iii) good standing certificates (or its equivalent) from the Secretary of State (or comparable official) from each jurisdiction where the nature and extent of the business transacted by Madewell or ownership of assets and properties makes
such qualification necessary; 
 4.6 Agent shall have received, in form and substance reasonably satisfactory to Agent, from
Madewell, Secretary’s Certificates of Directors’ Resolutions, Corporate By-laws, Incumbency and Shareholder’s Consent evidencing the adoption and subsistence of corporate resolutions approving the execution, delivery and performance
by Madewell of this Amendment and the agreements, documents and instruments to be delivered pursuant to this Amendment; 
 4.7
Agent shall have received, in form and substance satisfactory to Agent, evidence that Agent will have a valid perfected first priority security interest in all of the Collateral of Madewell upon the filing of a UCC financing statement naming Agent,
as secured party, and Madewell, as debtor; 
 4.8 Agent shall have received, in form and substance reasonably satisfactory to
Agent, each of the Madewell Supplemental Agreements, as duly authorized, executed and delivered by the parties thereto; and 

4.9 No Default or Event of Default shall exist or have occurred and be continuing. 

Section 5. Miscellaneous. 

5.1 Effect of this Amendment. Except as modified pursuant hereto, no other changes or modifications to the Financing Agreements are
intended or implied, and in all other respects, the Financing Agreements are hereby specifically ratified, restated and confirmed by all parties hereto as of the effective date hereof. The Loan Agreement and this Amendment shall be read and
construed as one agreement. To the extent of conflict between the terms of this Amendment and the other Financing Agreements, the terms of this Amendment shall control. 

5.2 Further Assurances. The parties hereto shall execute and deliver such additional documents and take such additional actions as
may be necessary. in the reasonable discretion of Agent, to effectuate the provisions and purpose of this Amendment. 
 5.3
Governing Law. The rights and obligations hereunder of each of the parties hereto shall be governed by and interpreted and determined in accordance with the laws of the State of New York without regard to principals of conflicts of law or
other rule of law that would result in the application of the law of any jurisdiction other than the laws of the State of New York. 

5.4 Binding Effect. This Amendment shall be binding upon and inure to the benefit of each of the parties hereto and their
respective successors and assigns. 

 5.5 Counterparts. This Amendment may be executed in any number of counterparts, but
all of such counterparts shall together constitute but one and the same agreement. This Amendment may be executed in any number of counterparts, but all of such counterparts shall together constitute but one and the same agreement. In making proof
of this Amendment, it shall not be necessary to produce or account for more than one counterpart thereof signed by each of the parties hereto. Delivery of an executed counterpart of this Amendment by telefacsimile or other electronic means shall
have the same force and effect as delivery of an original executed counterpart of this Amendment. Any party delivering an executed counterpart of this Amendment by telefacsimile or other electronic means also shall deliver an original executed
counterpart of this Amendment, but the failure to deliver an original executed counterpart shall not affect the validity, enforceability, and binding effect of this Amendment as to such party or any other party. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their authorized officers as of the date and year first above written. 
  

			
	J. CREW OPERATING CORP.
	J. CREW INC.
	GRACE HOLMES, INC. d/b/a J. CREW RETAIL
	H.F.D NO. 55, INC. d/b/a J. CREW FACTORY
	J. CREW GROUP, INC.
	MADEWELL INC.
		
	By:	 	 /s/ James S Scully

	Name:	 	James S. Scully
	Title:	 	Executive Vice President and Chief Financial Officer
	
	J. CREW INTERNATIONAL, INC.
		
	By:	 	 /s/ Nicholas P Lamberti

	Name:	 	Nicholas P. Lamberti
	Title:	 	Vice President and Controller

[Signature Page to Amendment No. 2 to Amended and Restated Loan and Security Agreement and Amendment No. 1 to Guarantee] 

			
	WACHOVIA BANK, NATIONAL ASSOCIATION, successor by merger to Congress Financial Corporation, as Agent and as Lender
		
	By:	 	 /s/ Jason Searle

	Name:	 	Jason Searle
	Title:	 	Vice President

 [Signature Page to Amendment No. 2
to Amended and Restated Loan and Security Agreement and Amendment No. 1 to Guarantee] 

			
	BANK OF AMERICA N.A.
		
	By:	 	 /s/ Kathleen Dimock

	Name:	 	Kathleen Dimock
	Title:	 	Managing Director

 [Signature Page to Amendment
No. 2 to Amended and Restated Loan and Security Agreement and Amendment No. 1 to Guarantee] 

			
	LASALLE RETAIL FINANCE, a division of Lasalle Business Credit, as agent for Standard Federal Bank National Association
		
	By:	 	 /s/ Dan O’Rourke

	Name:	 	Dan O’Rourke

 [Signature Page to
Amendment No. 2 to Amended and Restated Loan and Security Agreement and Amendment No. 1 to Guarantee] 

			
	SIEMEN’S FINANCIAL SERVICES, INC.
		
	By:	 	 /s/ Joseph Accardi

	Name:	 	Joseph Accardi
	Title:	 	Vice President

 [Signature Page to
Amendment No. 2 to Amended and Restated Loan and Security Agreement and Amendment No. 1 to Guarantee] 

			
	THE CIT GROUP/BUSINESS CREDIT, INC.
		
	By:	 	 /s/ Steve Schuitt

	Name:	 	Steve Schuitt
	Title:	 	Vice President

 [Signature Page to
Amendment No. 2 to Amended and Restated Loan and Security Agreement and Amendment No. 1 to Guarantee] 

 EXHIBIT A TO 

AMENDMENT NO.2 TO 

AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT 

AND 
 AMENDMENT
NO. 1 TO GUARANTEE 
 Information Certificate 

See Attached.

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