Document:

EX-10.4

Exhibit 10.4

Notwithstanding anything herein to the contrary, the liens and security interests granted to
Administrative Agent (as defined below) pursuant to this Agreement (as defined below) and the
exercise of any right or remedy by Administrative Agent hereunder, are subject to the provisions of
the Intercreditor Agreement, dated as of June 30, 2009 (as amended, restated, supplemented or
otherwise modified from time to time, the “Intercreditor Agreement”), among Administrative
Agent, as ABL Agent, and U.S. Bank National Association, as Trustee and as Collateral Agent, and as
acknowledged by the Grantors (as such term is defined in the Intercreditor Agreement) from time to
time party thereto. In the event of any conflict between the terms of the Intercreditor Agreement
and the terms of this Agreement, the terms of the Intercreditor Agreement shall govern and control.

SECOND AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT

     This SECOND AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT (this “Agreement”) is
made as of this 30th day of June, 2009, among the Grantors listed on the signature pages hereof and
those additional entities that hereafter become parties hereto by executing the form of Supplement
attached hereto as Annex 1 (collectively, jointly and severally, “Grantors” and
each individually “Grantor”), and SUNTRUST BANK, in its capacity as administrative agent
(together with its successors, “Administrative Agent”).

WITNESSETH:

     WHEREAS, pursuant to that certain Second Amended and Restated Credit Agreement dated as of
August 15, 2008 (as amended, restated, supplemented or otherwise modified from time to time,
including all schedules thereto, the “Credit Agreement”) by and among Oxford Industries,
Inc., a Georgia corporation (“Parent”), Tommy Bahama Group, Inc., a Delaware corporation
(“TBG”; together with Parent, each referred to individually as a “Borrower” and,
collectively, as “Borrowers”), the Persons party thereto from time to time as Guarantors,
the financial institutions party thereto from time to time as Issuing Banks, the financial
institutions party thereto from time to time as lenders (“Lenders”) and Administrative
Agent, the Lender Group (as defined therein) is willing to make certain financial accommodations
available to Borrowers from time to time pursuant to the terms and conditions thereof; and

     WHEREAS, Administrative Agent has agreed to act as agent for the benefit of the Lender Group
in connection with the transactions contemplated by this Agreement;

     WHEREAS, Administrative Agent and the Grantors are parties to that certain Amended and
Restated Pledge and Security Agreement, dated as of August 15, 2008 (the “Prior Security
Agreement”), pursuant to which the Grantors granted Administrative Agent a continuing security
interest in and to the Collateral (as defined in the Prior Security Agreement) in order to secure
the prompt and complete payment, observance and performance of the Secured Obligations (as
defined in the Prior Security Agreement); and

 

 

     WHEREAS, in order to induce the Lender Group to continue to make financial accommodations to
Borrowers as provided for in the Credit Agreement, Grantors have agreed to amended and restate the
Prior Security Agreement and to grant a continuing security interest in and to the Collateral in
order to secure the prompt and complete payment, observance and performance of, among other things,
(a) all of the present and future obligations of Grantors arising from this Agreement, the Credit
Agreement, the other Loan Documents and the Bank Products Documents and (b) all Obligations of
Borrowers, including, in the case of each of clauses (a) and (b), reasonable attorneys’ fees and
expenses and any interest, fees or expenses that accrue after the filing of an Insolvency
Proceeding, regardless of whether allowed or allowable in whole or in part as a claim in any
Insolvency Proceeding (clauses (a) and (b) being hereinafter referred to as the “Secured
Obligations”);

     NOW, THEREFORE, for and in consideration of the recitals made above and other good and
valuable consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, the
parties hereto agree as follows:

     1. Defined Terms. All capitalized terms used herein (including in the preamble and
recitals hereof) without definition shall have the meanings ascribed thereto in the Credit
Agreement. Any terms used in this Agreement that are defined in the UCC shall be construed and
defined as set forth in the UCC unless otherwise defined herein or in the Credit Agreement;
provided, however, that to the extent that the UCC is used to define any term herein and such term
is defined differently in different Articles of the UCC, the definition of such term contained in
Article 9 of the UCC shall govern. In addition to those terms defined elsewhere in this Agreement,
as used in this Agreement, the following terms shall have the following meanings:

          (a) “Agreement Date” means June 30, 2009.

          (b) “Books” means books and Records (including each Grantor’s Records indicating,
summarizing, or evidencing such Grantor’s assets (including the Collateral) or liabilities, each
Grantor’s Records relating to such Grantor’s business operations or financial condition, and each
Grantor’s Goods or General Intangibles (other than Excluded Trademarks and Excluded Trademark
Licenses) related to such information).

          (c) “Borrowers” has the meaning specified therefor in the recitals to this Agreement.

          (d) “Chattel Paper” means chattel paper (as that term is defined in the UCC) and
includes tangible chattel paper and electronic chattel paper.

          (e) “Collateral” has the meaning specified therefor in Section 2.

          (f) “Commercial Tort Claims” means commercial tort claims (as that term is defined in
the UCC), and includes those commercial tort claims listed on Schedule 2.

          (g) “Copyrights” means copyrights and copyright registrations, including the copyright
registrations and applications for registration listed on Schedule 3, and (i) all renewals
thereof, (ii) all income, royalties, damages and payments now and hereafter due or payable under

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and with respect thereto, including payments under all licenses entered into in connection
therewith and damages and payments for past or future infringements or dilutions thereof, (iii) the
right to sue for past, present and future infringements and dilutions thereof and (iv) all of each
Grantor’s rights corresponding thereto throughout the world, but excluding, in each case,
copyrights included in the definition of Excluded Trademarks.

          (h) “Copyright Security Agreement” means each Copyright Security Agreement among
Grantors, or any of them, and Administrative Agent, for the benefit of the Lender Group, in
substantially the form of Exhibit A attached hereto, pursuant to which Grantors have
granted to Administrative Agent, for the benefit of the Lender Group, a security interest in all
their respective Copyrights.

          (i) “Credit Agreement” has the meaning specified therefor in the recitals to this
Agreement.

          (j) “Deposit Account” means any deposit account (as that term is defined in the UCC).

          (k) “Discharge of Note Obligations” has the meaning specified therefor in the
Intercreditor Agreement.

          (l) “Documents” means documents (as that term is defined in the UCC).

          (m) “Draft” means a draft (as that term is defined in the UCC).

          (n) “Equipment” means equipment (as that term is defined in the UCC).

          (o) “Excluded Trademark Licenses” means any Intellectual Property License related to a
Trademark to the extent such Intellectual Property License is not a U.S. Trademark License.

          (p) “Excluded Trademarks” means any Trademarks that are not U.S. Trademarks.

          (q) “First-Tier Foreign Subsidiary” shall mean any Foreign Subsidiary that is directly
held by Parent or its Domestic Subsidiaries.

          (r) “Fixtures” means fixtures (as that term is defined in the UCC).

          (s) “General Intangibles” means general intangibles (as that term is defined in the
UCC) and, in any event, including payment intangibles, contract rights, rights to payment, rights
arising under common law, statutes, or regulations, choses or things in action, goodwill (including
the goodwill associated with any Trademark), Patents, Trademarks, Copyrights, URLs and domain
names, industrial designs, other industrial or Intellectual Property or rights therein or
applications therefor, whether under license or otherwise, programs, programming materials,
blueprints, drawings, purchase orders, customer lists, monies due or recoverable from pension
funds, route lists, rights to payment and other rights under any royalty or licensing agreements,

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including Intellectual Property Licenses, infringement claims, computer programs, information
contained on computer disks or tapes, software, literature, reports, catalogs, pension plan
refunds, pension plan refund claims, insurance premium rebates, tax refunds, and tax refund claims,
uncertificated Equity Interests not constituting a security (as defined in the UCC), and any other
personal property other than commercial tort claims, money, Accounts, Chattel Paper, Deposit
Accounts, Goods, Investment Related Property, Negotiable Collateral, and oil, gas, or other
minerals before extraction.

          (t) “Goods” means goods (as that term is defined in the UCC).

          (u) “Grantor” and “Grantors” has the meaning specified therefor in the
recitals to this Agreement.

          (v) “Insolvency Proceeding” means (a) any case, action or proceeding before any court
or other Governmental Authority relating to bankruptcy, reorganization, insolvency, liquidation,
receivership, dissolution, winding-up or relief of debtors, or (b) any general assignment for the
benefit of creditors, composition, marshalling of assets for creditors or other, similar
arrangement in respect of its creditors generally or any substantial portion of its creditors, in
each of case (a) and (b) undertaken under federal, state or foreign law, including the Bankruptcy
Code.

          (w) “Instrument” means an instrument (as that term is defined in the UCC).

          (x) “Intellectual Property” means any and all Intellectual Property Licenses, Patents,
Copyrights, Trademarks and trade secrets.

          (y) “Intellectual Property Licenses” means a license or other agreement granting a
right to use any Patent, Trademark, Copyright or other Intellectual Property, to which a Grantor is
a party, whether as a licensee or a licensor, including the license agreements listed on
Schedule 4, and the right to use any such Patent, Trademark, Copyright or other
Intellectual Property (to the extent permitted by such license) in connection with the enforcement
of the Lender Group’s rights under the Loan Documents, including the right to prepare for sale and
sell any and all Inventory and Equipment now or hereafter owned by any Grantor and now or hereafter
covered by such licenses.

          (z) “Intercreditor Agreement” has the meaning set forth in the legend on the first
page of this Agreement.

          (aa) “Inventory” means inventory (as that term is defined in the UCC).

          (bb) “Investment Related Property” means (i) investment property (as that term is
defined in the UCC), and (ii) all of the following regardless of whether classified as investment
property under the UCC: all Pledged Interests; Pledged Operating Agreements; and Pledged
Partnership Agreements.

          (cc) “Letter-of-Credit Rights” means letter-of-credit rights (as that term is defined
in the UCC).

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          (dd) “Mortgage” means an agreement, including, but not limited to, a mortgage, deed of
trust or any other document creating and evidencing a Lien on a Mortgaged Property in favor of or
for the benefit of Administrative Agent, which shall be in form which is effective to create a Lien
on such Mortgaged Property in favor of Administrative Agent to secure the Secured Obligations that
is enforceable against the applicable Grantor and third parties, in each case, with such schedules
and including such provisions as shall be necessary or desirable to conform such document to
applicable local law requirements or as shall be customary under applicable local law requirements.

          (ee) “Mortgaged Property” means each parcel of Real Property, if any, which shall be
subject to a Mortgage delivered after the Agreement Date pursuant to Section 6(i).

          (ff) “Negotiable Collateral” means Instruments, Letter-of-Credit Rights, Promissory
Notes, Drafts and Documents.

          (gg) “Note Collateral” has the meaning specified therefor in the Intercreditor
Agreement.

          (hh) “Note Priority Collateral” has the meaning specified therefor in the
Intercreditor Agreement.

          (ii) “Patent Security Agreement” means each Patent Security Agreement among Grantors,
or any of them, and Administrative Agent, for the benefit of the Lender Group, in substantially the
form of Exhibit B attached hereto, pursuant to which Grantors have granted to
Administrative Agent, for the benefit of the Lender Group, a security interest in all their
respective Patents.

          (jj) “Patents” means patents and patent applications, including the patents and patent
applications listed on Schedule 5, and (i) all continuations and continuations-in-part,
(ii) all income, royalties, damages and payments now and hereafter due or payable under and with
respect thereto, including payments under all licenses entered into in connection therewith and
damages and payments for past or future infringements or dilutions thereof, (iii) the right to sue
for past, present and future infringements and dilutions thereof, and (iv) all of each Grantor’s
rights corresponding thereto throughout the world.

          (kk) “Pledged Companies” means, each Person listed on Schedule 7 as a “Pledged
Company”, together with each other Person, all or a portion of whose Equity Interests, are acquired
or otherwise owned by a Grantor after the Agreement Date and are required to be pledged to
Administrative Agent under Section 6.20 of the Credit Agreement, other than any such Equity
Interest excluded from the term “Collateral” under the last paragraph of Section 2.

          (ll) “Pledged Interests” means all of each Grantor’s right, title and interest in and
to all of the Equity Interests now or hereafter owned by such Grantor, regardless of class or
designation, in each of the Pledged Companies, and all substitutions therefor and replacements
thereof, all proceeds thereof and all rights relating thereto, including any certificates
representing the Equity Interests, the right to request after the occurrence and during the
continuation of an Event of Default that such Equity Interests be registered in the name of
Administrative Agent or

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any of its nominees, the right to receive any certificates representing any
of the Equity Interests and the right to require that such certificates be delivered to
Administrative Agent together with undated powers or assignments of investment securities with
respect thereto, duly endorsed in blank by such Grantor, all warrants, options, share appreciation
rights and other rights, contractual or otherwise, in respect thereof and of all dividends,
distributions of income, profits, surplus, or other compensation by way of income or liquidating
distributions, in cash or in kind, and cash, Instruments, and other property from time to time
received, receivable, or otherwise distributed in respect of or in addition to, in substitution of,
on account of, or in exchange for any or all of the foregoing except that Pledged Interests shall
not include any property or assets which are excluded from the term “Collateral” under the last
paragraph of Section 2.

          (mm) “Pledged Interests Addendum” means a Pledged Interests Addendum substantially in
the form of Exhibit C to this Agreement.

          (nn) “Pledged Operating Agreements” means all of each Grantor’s rights, powers, and
remedies under the limited liability company operating agreements of each of the Pledged Companies
that are limited liability companies.

          (oo) “Pledged Partnership Agreements” means all of each Grantor’s rights, powers, and
remedies under the partnership agreements of each of the Pledged Companies that are partnerships.

          (pp) “Proceeds” has the meaning specified therefor in Section 2.

          (qq) “Promissory Note” means a promissory note (as that term is defined in the UCC).

          (rr) “Real Property” means any estates or interests in real property now owned or
hereafter acquired by any Grantor and the improvements thereto.

          (ss) “Record” means a record (as that term is defined in the UCC).

          (tt) “Secured Obligations” has the meaning specified in the recitals to this
Agreement.

          (uu) “Securities Account” means a securities account (as that term is defined in the
UCC).

          (vv) “Security Interest” has the meaning specified therefor in Section 2.

          (ww) “Supporting Obligations” means supporting obligations (as such term is defined in
the UCC), and includes Letter-of-Credit Rights and guaranties issued in support of Accounts,
Chattel Paper, Documents, General Intangibles, Instruments, or Investment Related Property.

          (xx) “Trademark Security Agreement” means each Trademark Security Agreement among
Grantors, or any of them, and Administrative Agent, for the benefit of the

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Lender Group, in
substantially the form of Exhibit D attached hereto, pursuant to which Grantors have
granted to Administrative Agent, for the benefit of the Lender Group, a security interest in all
their respective U.S. Trademarks and U.S. Trademark Licenses.

          (yy) “Trademarks” means trademarks, trade names, registered trademarks, trademark
applications, service marks, registered service marks, service mark applications, and Copyrights
(whether or not registered) embodied in any of the foregoing or related to works with which the
goodwill of any Grantor has become associated, and (i) all renewals thereof, (ii) all income,
royalties, damages and payments now and hereafter due or payable under and with respect thereto,
including payments under all licenses entered into in connection therewith and damages and payments
for past or future infringements or dilutions thereof, (iii) the right to sue for past, present and
future infringements and dilutions thereof, (iv) the goodwill of each Grantor’s business symbolized
by the foregoing and connected therewith, and (v) all of each Grantor’s rights corresponding
thereto throughout the world.

          (zz) “URL” means “uniform resource locator,” an internet web address.

          (aaa) “U.S. Trademark Licenses” means a license or other agreement to the extent
granting a right to use any U.S. Trademark owned by a Grantor, to which a Grantor is a party as a
licensor, including the license agreements listed on Schedule 6 to the extent granting a
right to use any U.S. Trademark owned by a Grantor, including the right to royalties and any other
consideration now or hereafter paid to a Grantor under or with respect thereto by any entity for
such rights thereunder.

          (bbb) “U.S. Trademarks” means, with respect to any Grantor, trademarks, trade names,
service marks and any application for the foregoing (including those set forth on Schedule
6) owned by such Grantor and registered in (or in the case of applications, filed with) the
United States Patent and Trademark Office (or any successor office performing similar functions)
including (i) Copyrights (whether or not registered) embodied in any of the foregoing, (ii) all
renewals thereof, (iii) all income, royalties, damages and payments now and hereafter due or
payable under and with respect thereto, including payments under all licenses entered into in
connection therewith and damages and payments for past or future infringements or dilutions
thereof, (iv) the right to sue for past, present and future infringements and dilutions thereof and
(v) the goodwill of such Grantor’s business symbolized by the foregoing and connected therewith.

     2. Grant of Security. Each Grantor hereby unconditionally grants, assigns, and
pledges to Administrative Agent, for the benefit of the Lender Group, a continuing security
interest (hereinafter referred to as the “Security Interest”) in all personal property of
such Grantor whether now owned or hereafter acquired or arising and wherever located, including
such Grantor’s right, title, and interest in and to the following, whether now owned or hereafter
acquired or arising and wherever located (the “Collateral”):

          (a) all of such Grantor’s Accounts (other than Accounts related to the Grantor’s Excluded
Trademarks or Excluded Trademark Licenses);

          (b) all of such Grantor’s Books;

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          (c) all of such Grantor’s Chattel Paper;

          (d) all of such Grantor’s interest with respect to any Deposit Account;

          (e) all of such Grantor’s Equipment and fixtures;

          (f) all of such Grantor’s General Intangibles (other than Excluded Trademarks and Excluded
Trademark Licenses) including, without limitation, U.S. Trademarks and U.S. Trademark Licenses;

          (g) all of such Grantor’s Inventory;

          (h) all of such Grantor’s Investment Related Property;

          (i) all of such Grantor’s Negotiable Collateral;

          (j) all of such Grantor’s rights in respect of Supporting Obligations;

          (k) all of such Grantor’s interest with respect to any Commercial Tort Claims listed on
Schedule 2;

          (l) all of such Grantor’s money, Cash Equivalents, or other assets that now or hereafter come
into the possession, custody, or control of Administrative Agent or any other member of the Lender
Group; and

          (m) all of the proceeds and products, whether tangible or intangible, of any of the foregoing,
including proceeds of insurance or commercial tort claims covering or relating to any or all of the
foregoing, and any and all Accounts, Books, Chattel Paper, Deposit Accounts, Equipment, General
Intangibles (other than Excluded Trademarks and Excluded Trademark Licenses), Inventory, Investment
Related Property, Negotiable Collateral, Supporting Obligations, money, or other tangible or
intangible property resulting from the sale, lease, license, exchange, collection, or other
disposition of any of the foregoing, the proceeds of any award in condemnation with respect to any
of the property of Grantors constituting Collateral, any rebates or refunds, whether for taxes or
otherwise, and all proceeds of any such proceeds, or any portion thereof or interest therein, and
the proceeds thereof, and all proceeds of any loss of, damage to, or destruction of the above,
whether insured or not insured, and, to the extent not otherwise included, any indemnity, warranty,
or guaranty payable by reason of loss or damage to, or otherwise with respect to any of the
foregoing Collateral (the “Proceeds”). Without limiting the generality of the foregoing,
the term “Proceeds” includes whatever is receivable or received when Investment Related Property or
proceeds are sold, exchanged, collected, or otherwise disposed of, whether such disposition is
voluntary or involuntary, and includes proceeds of any indemnity or guaranty payable to any Grantor
or Administrative Agent from time to time with respect to any of the Investment Related Property.

     Notwithstanding anything contained in this Section 2 to the contrary, the term
“Collateral” shall not include: (i) any of the Equity Interests of a Foreign Subsidiary of a
Grantor other than a First-Tier Foreign Subsidiary of such Grantor, (ii) with respect to any
First-Tier

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Foreign Subsidiary of a Grantor, any Equity Interests in excess of sixty-five percent
(65%) of the Equity Interests of such First-Tier Foreign Subsidiary, together with all certificates
representing such Equity Interests, all Proceeds thereof and all rights relating thereto, (iii) any
Equity Interests in an Excluded Subsidiary, (iv) any Equity Interests in Patch Licensing LLC, (v)
any Excluded Trademark or any Excluded Trademark License owned by any Grantor (as licensor or as
licensee) and any Proceeds related thereto, (vi) to the extent (and only for so long as) such
property does not constitute Note Collateral, assets and all Proceeds thereof and all rights
relating thereto subject to Liens permitted pursuant to clause (f) (as it relates to any of the
foregoing) of the definition of “Permitted Liens” in the Credit Agreement to the extent the
documentation relating to such Liens prohibits the applicable Grantors from granting a Lien on such
assets to secure the Secured Obligations, (vii) to the extent (and only for so long as) such
property does not constitute Note Collateral, any Equity Interests of a Person that is not a
Subsidiary of Parent and all Proceeds thereof and all rights relating thereto to the extent that a
pledge of such Equity Interests, Proceeds or rights is prohibited by such Person’s organizational
documents or any shareholders agreement or joint venture agreement relating to such Equity
Interests, Proceeds or rights, (viii) to the extent (and only for so long as) such property does
not constitute Note Collateral, any contract, lease, license or other agreement and all Proceeds
thereof and all rights relating thereto to the extent that the grant of a security interest therein
would violate applicable law, result in the invalidation thereof or provide any party thereto with
a right of termination or any other remedy that materially increases the costs or burden of any
Grantor thereunder with respect thereto (in each case, after giving effect to Sections 9-406(d),
9-407(a), 9-408(a) or 9-409 of the UCC (or any successor provision or provisions) or any other
applicable law), and (ix) any intent-to-use trademark application to the extent and for so long as
creation by a Grantor of a security interest therein would result in the loss by such Grantor of
any material rights therein.

     3. Security for Secured Obligations. This Agreement and the Security Interest created
hereby secure the payment and performance of all of the Secured Obligations, whether now existing
or arising hereafter. Without limiting the generality of the foregoing, this Agreement secures the
payment of all amounts which constitute part of the Secured Obligations and would be owed by
Grantors, or any of them, to Administrative Agent or any other member of the Lender Group, but for
the fact that they are unenforceable or not allowable due to the existence of an Insolvency
Proceeding involving any other Grantor.

     4. Grantors Remain Liable. Anything herein to the contrary notwithstanding, (a) each
of the Grantors shall remain liable under the contracts and agreements included in the Collateral,
including the Pledged Operating Agreements and the Pledged Partnership Agreements, to perform all
of the duties and obligations thereunder to the same extent as if this Agreement had not been
executed, (b) the exercise by Administrative Agent or any other member of the Lender Group of any
of the rights hereunder shall not release any Grantor from any of its duties or obligations under
such contracts and agreements included in the Collateral, and (c) no member of the Lender Group
shall have any obligation or liability under such contracts and agreements included in the
Collateral by reason of this Agreement, nor shall any
member of the Lender Group be obligated to perform any of the obligations or duties of any
Grantors thereunder or to take any action to collect or enforce any claim for payment assigned
hereunder. Until an Event of Default shall occur and be continuing, except as otherwise

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provided
in this Agreement, the Credit Agreement, or the other Loan Documents, Grantors shall have the right
to possession and enjoyment of the Collateral for the purpose of conducting the ordinary course of
their respective businesses, subject to and upon the terms hereof and of the Credit Agreement and
the other Loan Documents. Without limiting the generality of the foregoing, it is the intention of
the parties hereto that record and beneficial ownership of the Pledged Interests, including all
voting, consensual, and dividend rights, shall remain in the applicable Grantor until the
occurrence of an Event of Default and until Administrative Agent shall notify the applicable
Grantor of Administrative Agent’s exercise of voting, consensual, or dividend rights with respect
to the Pledged Interests pursuant to Section 15 hereof.

     5. Representations and Warranties. Each Grantor hereby represents and warrants as
follows:

          (a) The exact legal name of each of the Grantors is set forth on the signature pages of this
Agreement or a written notice provided to Administrative Agent pursuant to Section 8.7(f)
of the Credit Agreement. No Grantor conducts, and, during the five-year period immediately
preceding the Agreement Date, no Grantor has conducted, business under any trade name or other name
other than those set forth on Schedule 1 attached hereto.

          (b) Such Grantor’s organizational identification number (within the meaning of Section
9-516(b)(5)(C)(iii) of the UCC), and its chief executive office, principal place of business and
the place where such Grantor maintains its records concerning the Collateral is set forth on
Schedule 1. If such Grantor is a corporation, limited liability company, limited
partnership, corporate trust or other registered organization, the state under whose law such
registered organization was organized is set forth on Schedule 1.

          (c) Intentionally Omitted.

          (d) As of the Agreement Date, no Grantor has any interest in, or title to, any U.S. Trademarks
or U.S. Trademark Licenses except as set forth on Schedule 6. This Agreement is effective
to create a valid and continuing Lien on such U.S. Trademarks and U.S. Trademark Licenses and, upon
filing of the Copyright Security Agreement with the United States Copyright Office and filing of
the Trademark Security Agreement with the United States Patent and Trademark Office, and the filing
of appropriate financing statements in the jurisdictions listed on Schedule 8, all action
necessary to perfect the Security Interest in each Grantor’s U.S. Trademarks and U.S. Trademark
Licenses has been taken and such perfected Security Interests are enforceable as such as against
any and all creditors of and purchasers from any Grantor.

          (e) This Agreement creates a valid security interest in the Collateral of each of Grantors, to
the extent a security interest therein can be created under the UCC, securing the payment of the
Secured Obligations. Except to the extent a security interest in the Collateral cannot be
perfected by the filing of a financing statement under the UCC, the filing of a Copyright Security
Agreement with the United States Copyright Office and a Trademark Security Agreement and a Patent
Security Agreement with the United States Patent and
Trademark Office, all filings and other actions necessary or desirable to perfect and protect
such security interest have been duly taken or will have been taken upon the filing of financing
statements and such other filings listing each applicable Grantor, as a debtor, and Administrative

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Agent, as secured party, in the jurisdictions listed next to such Grantor’s name on Schedule
8. Upon the making of such filings, Administrative Agent shall have a perfected security
interest in the Collateral of each Grantor to the extent such security interest can be perfected by
the filing of a financing statement, the filing of a Copyright Security Agreement with the United
States Copyright Office and a Trademark Security Agreement and a Patent Security Agreement with the
United States Patent and Copyright Office, subject only to Permitted Liens.

          (f) (i) Each Grantor is and will at all times be the sole holder of record and the legal and
beneficial owner, free and clear of all Liens, except for Permitted Liens, the Security Interest
created hereby and the Liens in favor of the Collateral Agent (as defined in the Intercreditor
Agreement), of the Pledged Interests indicated on Schedule 7 as being owned by such Grantor
and, when acquired by such Grantor, any Pledged Interests acquired after the Agreement Date; (ii)
all of the Pledged Interests are duly authorized, validly issued, fully paid and nonassessable and
the Pledged Interests constitute or will constitute the percentage of the issued and outstanding
Equity Interests of the Pledged Companies of such Grantor identified on Schedule 7 as
supplemented or modified by any Pledged Interests Addendum or any supplement to this Agreement;
(iii) such Grantor has the right and requisite authority to pledge the Pledged Interests pledged by
such Grantor to Administrative Agent as provided herein; (iv) all actions necessary to perfect,
establish the first priority (subject to any Permitted Liens) of, or otherwise protect,
Administrative Agent’s Security Interest in the Pledged Interests, and the proceeds thereof, will
have been duly taken, (A) upon the execution and delivery of this Agreement; (B) upon the taking of
possession by Administrative Agent of any certificates constituting the Pledged Interests, to the
extent such Pledged Interests are represented by certificates, together with undated powers
endorsed in blank by the applicable Grantor, (C) upon the filing of financing statements in the
applicable jurisdiction set forth on Schedule 8 for such Grantor with respect to the
Pledged Interests of such Grantor that are not represented by certificates, and (D) with respect to
any Securities Accounts (other than the “Notes Collateral Account” as such term is defined in the
Intercreditor Agreement), upon the delivery of control agreements with respect thereto; and (v)
each Grantor has delivered to and deposited with Administrative Agent (or, with respect to any
Pledged Interests created or obtained after the Agreement Date, will deliver and deposit in
accordance with Sections 6(a) and 8 hereof) all certificates representing the
Pledged Interests owned by such Grantor to the extent such Pledged Interests are represented by
certificates, and undated powers endorsed in blank with respect to such certificates. None of the
Pledged Interests owned or held by such Grantor has been issued or transferred in violation of any
securities registration, securities disclosure or similar laws of any jurisdiction to which such
issuance or transfer may be subject.

          (g) No consent, approval, authorization, or other order or other action by, and no notice to
or filing with, any Governmental Authority or any other Person is required (i) for the grant of a
Security Interest by such Grantor in and to the Collateral pursuant to this Agreement or for the
execution, delivery, or performance of this Agreement by such Grantor, or (ii) for the exercise by
Administrative Agent of the voting or other rights provided for in this Agreement with respect to
the Investment Related Property or the remedies in respect of the Collateral
pursuant to this Agreement, except as may be required in connection with such disposition of
Investment Related Property by laws affecting the offering and sale of securities generally.

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     6. Covenants. Each Grantor, jointly and severally, covenants and agrees with
Administrative Agent and the other members of the Lender Group that from and after the date of this
Agreement and until the date of termination of this Agreement in accordance with Section 22
hereof:

          (a) Possession of Collateral. In the event that any Collateral, including proceeds,
is evidenced by or consists of Negotiable Collateral, Investment Related Property, or Chattel
Paper, individually or in the aggregate, in the face amount of at least $1,000,000, and if and to
the extent that perfection or priority of Administrative Agent’s Security Interest is dependent on
or enhanced by possession, the applicable Grantor, promptly, but in any case within ten (10)
Business Days thereof, upon the request of Administrative Agent and in accordance with Section
8 hereof, shall execute such other documents and instruments as shall be requested by
Administrative Agent or, if applicable, endorse and deliver physical possession of such Negotiable
Collateral, Investment Related Property, or Chattel Paper to Administrative Agent, together with
such undated powers endorsed in blank as shall be requested by Administrative Agent;

          (b) Chattel Paper.

               (i) Each Grantor shall take all steps reasonably necessary to grant Administrative Agent
control of all electronic Chattel Paper in accordance with the UCC and all “transferable records”
as that term is defined in Section 16 of the Uniform Electronic Transaction Act and Section 201 of
the federal Electronic Signatures in Global and National Commerce Act as in effect in any relevant
jurisdiction with respect to Chattel Paper, individually or in the aggregate, in the face amount of
at least $1,000,000;

               (ii) If any Grantor retains possession of any Chattel Paper or Instruments, individually or in
the aggregate, in the face amount of at least $1,000,000 (which retention of possession shall be
subject to the extent permitted hereby and by the Credit Agreement), promptly upon the request of
Administrative Agent, such Chattel Paper and Instruments shall be marked with the following legend:
“This writing and the obligations evidenced or secured hereby are subject to the Security Interest
of SunTrust Bank, as Administrative Agent for the benefit of the Lender Group”;

          (c) Control Agreements.

               (i) Each Grantor shall obtain an authenticated Blocked Account Agreement, in form and
substance satisfactory to Administrative Agent, as required pursuant to Section 6.15 of the Credit
Agreement;

               (ii) Each Grantor shall obtain authenticated control agreements, all in form and substance
satisfactory to Administrative Agent, from each issuer (other than a Pledged Company) of
uncertificated securities, securities intermediary, or commodities intermediary issuing or holding
any financial assets or commodities to or for any Grantor, individually or in
the aggregate, having a value of more than $1,000,000 and to the extent otherwise constituting
Collateral;

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          (d) Letter-of-Credit Rights. Each Grantor that is or becomes the beneficiary of a
letter of credit shall promptly (and in any event within thirty (30) days after becoming a
beneficiary), notify Administrative Agent thereof and, as to Letter-of-Credit Rights arising under
letters of credit, individually or in the aggregate, having a face amount of more than $1,000,000,
upon the request by Administrative Agent, enter into a tri-party agreement with Administrative
Agent and the issuer or confirmation bank with respect to Letter-of-Credit Rights assigning such
Letter-of-Credit Rights to Administrative Agent and directing all payments thereunder to
Administrative Agent, all in form and substance satisfactory to Administrative Agent;

          (e) Commercial Tort Claims. Each Grantor shall promptly (and in any event within ten
(10) Business Days of receipt thereof), notify Administrative Agent in writing upon incurring or
otherwise obtaining a Commercial Tort Claim which if successful would involve a claim having a
projected value of at least $1,000,000, after the date hereof against any third party and, upon
request of Administrative Agent, promptly amend Schedule 2 to this Agreement, authorize the
filing of additional financing statements or amendments to existing financing statements and do
such other acts or things deemed necessary or desirable by Administrative Agent to give
Administrative Agent a first priority, perfected security interest in any such Commercial Tort
Claim;

          (f) Intentionally Omitted;

          (g) Intellectual Property.

               (i) On or prior to March 31 and September 30 of each year (commencing March 31, 2010), if any
Grantor shall have obtained or acquired during the two fiscal quarters of Parent most recently
ended prior to such date (or, in the case of March 31, 2010, during the period commencing on the
Agreement Date and ending on the last day of the fiscal quarter of Parent most recently ended prior
to March 31, 2010) any Collateral consisting of Patents, Trademarks or Copyrights (but, excluding
in each case applications therefor) registered with the United States Patent and Trademark Office
or the United States Copyright Office (in each case, or any successor office performing similar
functions), in order to facilitate filings with the United States Patent and Trademark Office and
the United States Copyright Office, such Grantor shall execute and deliver to Administrative Agent
one or more Copyright Security Agreements, Trademark Security Agreements or Patent Security
Agreements to evidence Administrative Agent’s Lien on such Collateral, and shall cause such
agreements to be filed with the United States Patent and Trademark Office or the United States
Copyright Office (in each case, or any successor office performing similar functions), as
applicable;

               (ii) Each Grantor shall have the duty, to the extent materially necessary or economically
desirable, in the good faith judgment of such Grantor, in the operation of such Grantor’s business,
(A) to promptly sue for infringement, misappropriation, or dilution and to recover any and all
damages for such infringement, misappropriation, or dilution, (B) to prosecute diligently any
trademark application or service mark application that is part of the Trademarks pending as of the
date hereof or hereafter until the termination of this Agreement, (C) to prosecute diligently any patent application that is part of the Patents pending as of
the date hereof or hereafter until the termination of this Agreement, and (D) to take all
reasonable and necessary action to preserve and maintain all of such Grantor’s Trademarks, Patents,
Copyrights

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and Intellectual Property Licenses related thereto, and its rights therein, including
the filing of applications for renewal, affidavits of use, affidavits of noncontestability and
opposition and interference and cancellation proceedings. Any expenses incurred in connection with
the foregoing shall be borne by the appropriate Grantor. Each Grantor further agrees not to
abandon any Trademark, Patent, Copyright, or Intellectual Property License related thereto that is
materially necessary or economically desirable in the operation of such Grantor’s business without
the prior written consent of Administrative Agent, except as permitted by the Credit Agreement;

               (iii) Grantors acknowledge and agree that the members of the Lender Group shall have no duties
with respect to the Trademarks, Patents, Copyrights, or Intellectual Property Licenses related
thereto. Without limiting the generality of this Section 6(g), Grantors acknowledge and
agree that no member of the Lender Group shall be under any obligation to take any steps necessary
to preserve rights in the Trademarks, Patents, Copyrights, or Intellectual Property Licenses
related thereto against any other Person, but Administrative Agent or any member of the Lender
Group may do so at its option from and after the occurrence and during the continuance of an Event
of Default, and all expenses incurred in connection therewith (including reasonable fees and
expenses of attorneys and other professionals) shall be for the sole account of Borrowers and shall
be chargeable to the Loan Account;

          (h) Investment Related Property.

               (i) If any Grantor shall receive or become entitled to receive any Pledged Interests after the
Agreement Date (other than Dividends paid in cash), it shall promptly (and in any event within
thirty (30) Business Days of receipt thereof) deliver to Administrative Agent a duly executed
Pledged Interests Addendum identifying such Pledged Interests;

               (ii) Upon the occurrence and during the continuance of an Event of Default, all sums of money
and property paid or distributed in respect of the Pledged Interests which are received by any
Grantor shall be held by the Grantors in trust for the benefit of Administrative Agent segregated
from such Grantor’s other property, and such Grantor shall deliver such money and property
forthwith to Administrative Agent in the exact form received;

               (iii) No Grantor shall make or consent to any amendment or other modification or waiver with
respect to any Pledged Interests, Pledged Operating Agreement, or Pledged Partnership Agreement, or
enter into any agreement or permit to exist any restriction with respect to any Pledged Interests
to the extent prohibited under the terms and conditions of the Credit Agreement;

               (iv) Each Grantor agrees that it will cooperate with Administrative Agent in obtaining all
necessary approvals and making all necessary filings under federal, state or local law in
connection with the Security Interest on the Pledged Interests or any sale or transfer thereof;

               (v) As to all limited liability company or partnership interests, issued under any Pledged
Operating Agreement or Pledged Partnership Agreement, each Grantor hereby represents, warrants and
covenants that the Pledged Interests issued pursuant to such

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agreement (A) are not and shall not be
dealt in or traded on securities exchanges or in securities markets, (B) do not and will not
constitute investment company securities, and (C) are not and will not be held by such Grantor in a
securities account. In addition, none of the Pledged Operating Agreements, the Pledged Partnership
Agreements, or any other agreements governing any of the Pledged Interests issued under any Pledged
Operating Agreement or Pledged Partnership Agreement, provide or shall provide that such Pledged
Interests are securities governed by Article 8 of the Uniform Commercial Code as in effect in any
relevant jurisdiction;

          (i) Real Property. In the event that following the date hereof, but prior to the
Discharge of Note Obligations, any Grantor shall acquire any fee simple ownership interest in any
parcel of Real Property (except to the extent subject to a Lien permitted by clause (f) (as it
relates to any of the foregoing) of the definition of “Permitted Liens” in the Credit Agreement to
the extent the documentation relating to such Lien prohibits the granting of a Lien thereon to
secure the Secured Obligations) with a fair market value in excess of $5,000,000 as of the date of
acquisition (a “Specified Real Property”), such Grantor shall provide a Mortgage in favor
of Administrative Agent in such Specified Real Property within 120 days following the date of
acquisition thereof. In connection with the provision of any new Mortgage, the applicable Grantors
will provide (a) an opinion of counsel stating that such Mortgage creates an enforceable Lien on
the applicable Specified Real Property in favor of Administrative Agent to secure the Secured
Obligations, subject to the assumptions and qualifications specified therein, and (b) UCC-1 fixture
filings relating to such Specified Real Property filed in the appropriate filing office;

          (j) Transfers and Other Liens. Grantors shall not (i) sell, assign (by operation of
law or otherwise) or otherwise dispose of, or grant any option with respect to, any of the
Collateral, except expressly permitted by the Credit Agreement, or (ii) create or permit to exist
any Lien upon or with respect to any of the Collateral of any of Grantors, except for Permitted
Liens, the Security Interest created hereby and the Liens in favor of the Collateral Agent (as
defined in the Intercreditor Agreement). The inclusion of Proceeds in the Collateral shall not be
deemed to constitute Administrative Agent’s consent to any sale or other disposition of any of the
Collateral otherwise prohibited under this Agreement or the other Loan Documents; and

          (k) Other Actions as to Any and All Collateral. Each Grantor shall promptly (and in
any event within ten (10)) Business Days of acquiring or obtaining such Collateral) notify
Administrative Agent in writing upon acquiring or otherwise obtaining any Collateral after the date
hereof consisting of Investment Related Property (other than any security or security entitlement
that is maintained in a securities account which is subject to a tri-party control agreement among
Administrative Agent, the applicable Grantor and the securities intermediary), Chattel Paper
(electronic, tangible or otherwise), promissory notes (as defined in the UCC), or Instruments, in
each case, individually or in the aggregate, having a face amount of at least $1,000,000 and upon
the request of Administrative Agent and in accordance with Section 8 hereof, promptly
execute such other documents, or if applicable, deliver such Chattel Paper, other documents or
certificates evidencing any Investment Related Property in accordance with Section 6 hereof and do such other acts or things deemed necessary or desirable by
Administrative Agent to protect Administrative Agent’s Security Interest therein.

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     7. Relation to Other Security Documents. The provisions of this Agreement shall be
read and construed with the other Loan Documents referred to below in the manner so indicated.

          (a) Credit Agreement. In the event of any conflict between any provision in this
Agreement and a provision in the Credit Agreement, such provision of the Credit Agreement shall
control; provided, however, if there is any conflict between any provision in the
Credit Agreement and the Intercreditor Agreement, the Intercreditor Agreement shall control.

          (b) Patent, Trademark and Copyright Security Agreements. The provisions of the
Copyright Security Agreements, the Trademark Security Agreements and the Patent Security Agreements
are supplemental to the provisions of this Agreement, and nothing contained in the Copyright
Security Agreements, the Trademark Security Agreements or the Patent Security Agreements shall
limit any of the rights or remedies of Administrative Agent hereunder.

          (c) Mortgages. The provisions of any Mortgage shall govern the Lien of Administrative
Agent in any Specified Real Property.

     8. Further Assurances.

          (a) Each Grantor agrees that from time to time, at its own expense, such Grantor will promptly
execute and deliver all further instruments and documents, and take all further action, that may be
necessary or that Administrative Agent may reasonably request, in order to perfect and protect any
Security Interest granted or purported to be granted hereby or to enable Administrative Agent to
exercise and enforce its rights and remedies hereunder with respect to any of the Collateral.

          (b) Each Grantor authorizes the filing by Administrative Agent financing or continuation
statements, or amendments thereto, and such Grantor will execute and deliver to Administrative
Agent such other instruments or notices, as may be necessary or as Administrative Agent may
reasonably request, in order to perfect and preserve the Security Interest granted or purported to
be granted hereby.

          (c) Each Grantor authorizes Administrative Agent at any time and from time to time to file,
transmit, or communicate, as applicable, financing statements and amendments describing the
Collateral as defined herein.

          (d) Each Grantor acknowledges that it is not authorized to file any financing statement or
amendment or termination statement with respect to any financing statement filed in connection with
this Agreement without the prior written consent of Administrative Agent, subject to such Grantor’s
rights under Section 9-509(d)(2) of the UCC.

     9. Administrative Agent’s Right to Perform Contracts. Upon the occurrence and during
the continuance of an Event of Default, Administrative Agent (or its designee) may proceed to
perform any and all of the obligations of any Grantor contained in any contract, lease,
or other agreement constituting Collateral and exercise any and all rights of any Grantor
therein contained as fully as such Grantor itself could.

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     10. Administrative Agent Appointed Attorney-in-Fact. Each Grantor hereby irrevocably
appoints Administrative Agent its attorney-in-fact, with full authority in the place and stead of
such Grantor and in the name of such Grantor or otherwise, at such time as an Event of Default has
occurred and is continuing under the Credit Agreement, to take any action and to execute any
instrument which Administrative Agent may reasonably deem necessary or advisable to accomplish the
purposes of this Agreement, including:

          (a) to ask, demand, collect, sue for, recover, compromise, receive and give acquittance and
receipts for moneys due and to become due under or in connection with the Accounts constituting
Collateral or any other Collateral of such Grantor;

          (b) to receive and open all mail addressed to such Grantor and to notify postal authorities to
change the address for the delivery of mail to such Grantor to that of Administrative Agent;

          (c) to receive, indorse, and collect any Drafts or other Instruments, Documents, Negotiable
Collateral or Chattel Paper;

          (d) to file any claims or take any action or institute any proceedings which Administrative
Agent may deem necessary or desirable for the collection of any of the Collateral of such Grantor
or otherwise to enforce the rights of Administrative Agent with respect to any of the Collateral;

          (e) to repair, alter, or supply Goods, if any, necessary to fulfill in whole or in part the
purchase order of any Person obligated to such Grantor in respect of any Account of such Grantor
constituting Collateral;

          (f) to use any labels, Patents, Trademarks, trade names, URLs, domain names, industrial
designs, Copyrights, advertising matter or other industrial or intellectual property rights, in
advertising for sale and selling Inventory and other Collateral and to collect any amounts due
under Accounts constituting Collateral, contracts or Negotiable Collateral of such Grantor to the
extent permitted under applicable licenses agreements or as permitted by Applicable Law; and

          (g) to bring suit in its own name to enforce the Collateral consisting of Trademarks, Patents,
Copyrights and Intellectual Property Licenses related to Trademarks, Patents and Copyrights and, if
Administrative Agent shall commence any such suit, the appropriate Grantor shall, at the request of
Administrative Agent, do any and all lawful acts and execute any and all proper documents
reasonably required by Administrative Agent in aid of such enforcement.

     To the extent permitted by law, each Grantor hereby ratifies all that such attorney-in-fact
shall lawfully do or cause to be done by virtue hereof. This power of attorney is coupled with an
interest and shall be irrevocable until this Agreement is terminated.

     11. Administrative Agent May Perform. If any of the Grantors fails to perform any
agreement contained herein, Administrative Agent may itself perform, or cause performance of,

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such
agreement, and the reasonable expenses of Administrative Agent incurred in connection therewith
shall be payable, jointly and severally, by Grantors.

     12. Administrative Agent’s Duties. The powers conferred on Administrative Agent
hereunder are solely to protect Administrative Agent’s interest in the Collateral, for the benefit
of the Lender Group, and shall not impose any duty upon Administrative Agent to exercise any such
powers. Except for the safe custody of any Collateral in its actual possession and the accounting
for moneys actually received by it hereunder, Administrative Agent shall have no duty as to any
Collateral or as to the taking of any necessary steps to preserve rights against prior parties or
any other rights pertaining to any Collateral. Administrative Agent shall be deemed to have
exercised reasonable care in the custody and preservation of any Collateral in its actual
possession if such Collateral is accorded treatment substantially equal to that which
Administrative Agent accords its own property.

     13. Collection of Certain Accounts, Certain General Intangibles and Negotiable
Collateral. At any time upon the occurrence and during the continuation of an Event of
Default, Administrative Agent or Administrative Agent’s designee may (a) notify Account Debtors of
any Grantor to pay all amounts owing on Accounts constituting Collateral to Administrative Agent,
for the benefit of the Lender Group, and (b) collect the Accounts, General Intangibles and
Negotiable Collateral (in each case to the extent constituting Collateral) directly, and any
collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the
Loan Documents.

     14. Disposition of Pledged Interests by Administrative Agent. None of the Pledged
Interests existing as of the date of this Agreement are, and none of the Pledged Interests
hereafter acquired on the date of acquisition thereof will be, registered or qualified under the
various federal or state securities laws of the United States and disposition thereof after an
Event of Default may be restricted to one or more private (instead of public) sales in view of the
lack of such registration. Each Grantor understands that in connection with such disposition,
Administrative Agent may approach only a restricted number of potential purchasers and further
understands that a sale under such circumstances may yield a lower price for the Pledged Interests
than if the Pledged Interests were registered and qualified pursuant to federal and state
securities laws and sold on the open market. Each Grantor, therefore, agrees that: (a) if
Administrative Agent shall, pursuant to the terms of this Agreement, sell or cause the Pledged
Interests or any portion thereof to be sold at a private sale, Administrative Agent shall have the
right to rely upon the advice and opinion of any nationally recognized brokerage or investment firm
(but shall not be obligated to seek such advice and the failure to do so shall not be considered in
determining the commercial reasonableness of such action) as to the best manner in which to offer
the Pledged Interests or any portion thereof for sale and as to the best price reasonably
obtainable at the private sale thereof; and (b) such reliance shall be conclusive evidence that
Administrative Agent has handled the disposition in a commercially reasonable manner.

     15. Voting Rights.

          (a) Upon the occurrence and during the continuation of an Event of Default, (i) Administrative
Agent may, at its option, and with prior notice to any Grantor, and in addition

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to all rights and
remedies available to Administrative Agent under any other agreement, at law, in equity, or
otherwise, exercise all voting rights, and all other ownership or consensual rights in respect of
the Pledged Interests owned by such Grantor, but under no circumstances is Administrative Agent
obligated by the terms of this Agreement to exercise such rights, and (ii) if Administrative Agent
duly exercises its right to vote any of such Pledged Interests, each Grantor hereby appoints
Administrative Agent, such Grantor’s true and lawful attorney-in-fact and grants to Administrative
Agent an IRREVOCABLE PROXY to vote such Pledged Interests in any manner Administrative Agent deems
advisable for or against all matters submitted or which may be submitted to a vote of shareholders,
partners or members, as the case may be. The power-of-attorney granted hereby is coupled with an
interest and shall be irrevocable.

          (b) For so long as any Grantor shall have the right to vote the Pledged Interests owned by it,
such Grantor covenants and agrees that it will not, without the prior written consent of
Administrative Agent, vote or take any consensual action with respect to such Pledged Interests
which would materially adversely affect the rights of Administrative Agent and the other members of
the Lender Group with respect to the Borrower Parties taken as a whole.

     16. Remedies. Upon the occurrence and during the continuance of an Event of Default:

          (a) Administrative Agent may exercise in respect of the Collateral, in addition to other
rights and remedies provided for herein, in the other Loan Documents, or otherwise available to it,
all the rights and remedies of a secured party on default under the UCC or any other Applicable
Law. Without limiting the generality of the foregoing, each Grantor expressly agrees that, in any
such event, Administrative Agent without demand of performance or other demand, advertisement or
notice of any kind (except a notice specified below of time and place of public or private sale) to
or upon any of Grantors or any other Person (all and each of which demands, advertisements and
notices are hereby expressly waived to the maximum extent permitted by the UCC or any other
Applicable Law), may take immediate possession of all or any portion of the Collateral and (i)
require Grantors to, and each Grantor hereby agrees that it will at its own expense and upon
request of Administrative Agent forthwith, assemble all or part of the Collateral as directed by
Administrative Agent and make it available to Administrative Agent at one or more locations where
such Grantor regularly maintains Inventory, and (ii) without notice except as specified below, sell
the Collateral or any part thereof in one or more parcels at public or private sale, at any of
Administrative Agent’s offices or elsewhere, for cash, on credit, and upon such other terms as
Administrative Agent may deem commercially reasonable. Each Grantor agrees that, to the extent
notice of sale shall be required by law, at least 10 days notice to any of Grantors of the time and
place of any public sale or the time after which any private sale is to be made shall constitute
reasonable notification and specifically such notice shall constitute a reasonable “authenticated
notification of disposition” within the meaning of Section 9-611 of the UCC. Administrative Agent
shall not be obligated to make any sale of Collateral regardless of notice of sale having been
given. Administrative Agent may adjourn any public or private sale from time to time by
announcement at the time and place fixed therefor,
and such sale may, without further notice, be made at the time and place to which it was so
adjourned.

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          (b) Administrative Agent is hereby granted a license or other right to use, without liability
for royalties or any other charge, each Grantor’s labels, Patents, Copyrights, rights of use of any
name, trade secrets, trade names, Trademarks, service marks and advertising matter, URLs, domain
names, industrial designs, other industrial or Intellectual Property or any property of a similar
nature, whether owned by any of Grantors or with respect to which any of Grantors have rights under
license, sublicense, or other agreements, as it pertains to the Collateral, in preparing for sale,
advertising for sale and selling any Collateral, and each Grantor’s rights under all licenses and
all franchise agreements shall inure to the benefit of Administrative Agent in each case, to the
extent permitted under applicable licenses and franchise agreements or as permitted by Applicable
Law.

          (c) Any cash held by Administrative Agent as Collateral and all cash proceeds received by
Administrative Agent in respect of any sale of, collection from or other realization upon all or
any part of the Collateral shall be applied against the Secured Obligations in the order set forth
in the Credit Agreement. In the event the proceeds of Collateral are insufficient to satisfy all
of the Secured Obligations in full, each Grantor shall remain jointly and severally liable for any
such deficiency.

          (d) Each Grantor hereby acknowledges that the Secured Obligations arose out of a commercial
transaction, and agrees that if an Event of Default shall occur and be continuing, Administrative
Agent shall, to the extent permitted by Applicable Law, have the right to an immediate writ of
possession without notice of a hearing. Administrative Agent shall have the right to the
appointment of a receiver for the properties and assets of each Grantor, and each Grantor hereby
consents to such rights and such appointment and hereby waives any objection such Grantors may have
thereto or the right to have a bond or other security posted by Administrative Agent.

     17. Remedies Cumulative. Each right, power, and remedy of Administrative Agent as
provided for in this Agreement or in the other Loan Documents or now or hereafter existing at law
or in equity or by statute or otherwise shall be cumulative and concurrent and shall be in addition
to every other right, power, or remedy provided for in this Agreement or in the other Loan
Documents or now or hereafter existing at law or in equity or by statute or otherwise, and the
exercise or beginning of the exercise by Administrative Agent, of any one or more of such rights,
powers, or remedies shall not preclude the simultaneous or later exercise by Administrative Agent
of any or all such other rights, powers, or remedies.

     18. Marshaling. Administrative Agent shall not be required to marshal any present or
future collateral security (including but not limited to the Collateral) for, or other assurances
of payment of, the Secured Obligations or any of them or to resort to such collateral security or
other assurances of payment in any particular order, and all of its rights and remedies hereunder
and in respect of such collateral security and other assurances of payment shall be cumulative and
in addition to all other rights and remedies, however existing or arising. To the extent that it
lawfully may, each Grantor hereby agrees that it will not invoke any law relating to the marshaling
of collateral which might cause delay in or impede the enforcement of
Administrative Agent’s rights and remedies under this Agreement or under any other instrument
creating or evidencing any of the Secured Obligations or under which any of the Secured

20

 

Obligations
is outstanding or by which any of the Secured
Obligations is secured or payment thereof is
otherwise assured, and, to the extent that it lawfully may, each Grantor hereby irrevocably waives
the benefits of all such laws.

     19. Release of Note Priority Collateral. Upon the Discharge of Note Obligations and
so long as no Event of Default shall have occurred and be continuing, (a) all Liens and security
interests granted to Administrative Agent in the Note Priority Collateral pursuant to this
Agreement and/or any other Loan Document shall terminate and be deemed released automatically and
without further action by Administrative Agent or any other Person, and (b) thereafter all assets
of the Grantors that otherwise would constitute Note Priority Collateral but for the Discharge of
Note Obligations shall be excluded from the Collateral under Section 2 of this Agreement.
Upon the Discharge of Note Obligations, Administrative Agent will, at Grantors’ sole expense,
deliver to the Grantors, without any representations, warranties or recourse of any kind
whatsoever, all assets of the Grantors that would constitute Note Priority Collateral but for the
Discharge of Note Obligations held by Administrative under the Loan Documents, and execute and
deliver to the Grantors such documents as the Grantors shall reasonably request to evidence such
termination and release.

     20. Merger, Amendments; Etc. THIS WRITTEN AGREEMENT, TOGETHER WITH THE OTHER LOAN
DOCUMENTS, REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY
EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO
UNWRITTEN AGREEMENTS BETWEEN THE PARTIES. No waiver of any provision of this Agreement, and no
consent to any departure by any of Grantors herefrom, shall in any event be effective unless the
same shall be in writing and signed by Administrative Agent, and then such waiver or consent shall
be effective only in the specific instance and for the specific purpose for which given. No
amendment of any provision of this Agreement shall be effective unless the same shall be in writing
and signed by Administrative Agent and each of Grantors to which such amendment applies.

     21. Addresses for Notices. All notices and other communications provided for
hereunder shall be given in the form and manner and delivered to Administrative Agent at its
address specified in the Credit Agreement, and to any of the Grantors at their respective addresses
specified in the Credit Agreement or, as to any party, at such other address as shall be designated
by such party in a written notice to the other parties.

     22. Continuing Security Interest: Assignments under Credit Agreement. This Agreement
shall create a continuing security interest in the Collateral and shall (a) remain in full force
and effect until the Obligations have been repaid in full in cash, or otherwise satisfied to the
satisfaction of the Lender Group, in accordance with the provisions of the Credit Agreement and the
Revolving Loan Commitment has expired or has been terminated, (b) be binding upon each of the
Grantors, and their respective successors and assigns, and (c) inure to the benefit of, and be
enforceable by, Administrative Agent, and its successors, transferees and assigns. Without
limiting the generality of the foregoing clause (c), any Lender may, in accordance with
the provisions of the Credit Agreement, assign or otherwise transfer all or any portion of its
rights and obligations under the Credit Agreement to any other Person, and such other Person

21

 

shall
thereupon become vested with all the benefits in respect thereof granted to such Lender herein or
otherwise. Upon repayment in full in cash, or other satisfaction to the satisfaction of the Lender
Group, of the Obligations in accordance with the provisions of the Credit Agreement and the
expiration or termination of the Revolving Loan Commitment, the Security Interest granted hereby
shall terminate and all rights to the Collateral shall revert to Grantors or any other Person
entitled thereto. At such time, Administrative Agent will authorize the filing of appropriate
termination statements to terminate such Security Interests. No transfer or renewal, extension,
assignment, or termination of this Agreement or of the Credit Agreement, any other Loan Document,
or any other instrument or document executed and delivered by any Grantor to Administrative Agent
nor any additional Advances or other loans made by any Lender to Borrowers, nor the taking of
further security, nor the retaking or re-delivery of the Collateral to Grantors, or any of them, by
Administrative Agent, nor any other act of any member of the Lender Group shall release any of
Grantors from any obligation, except a release or discharge executed in writing by Administrative
Agent in accordance with the provisions of the Credit Agreement and except for the automatic
termination and release of Liens on the Note Priority Collateral as provided in Section 19.
Administrative Agent shall not by any act, delay, omission or otherwise, be deemed to have waived
any of its rights or remedies hereunder, unless such waiver is in writing and signed by
Administrative Agent and then only to the extent therein set forth. A waiver by Administrative
Agent of any right or remedy on any occasion shall not be construed as a bar to the exercise of any
such right or remedy which Administrative Agent would otherwise have had on any other occasion.

     23. GOVERNING LAW; JURISDICTION; WAIVER OF JURY TRIAL.

          (a) THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE
OF NEW YORK, WITHOUT REGARD TO THE CONFLICT OF LAWS PRINCIPLES THEREOF.

          (b) FOR PURPOSES OF ANY LEGAL ACTION OR PROCEEDING BROUGHT BY ANY MEMBER OF THE LENDER GROUP
WITH RESPECT TO THIS AGREEMENT, EACH GRANTOR HEREBY IRREVOCABLY SUBMITS TO THE PERSONAL
JURISDICTION OF THE FEDERAL AND STATE COURTS SITTING IN THE COUNTY OF NEW YORK, STATE OF NEW YORK
AND HEREBY IRREVOCABLY DESIGNATES AND APPOINTS, AS ITS AUTHORIZED AGENT FOR SERVICE OF PROCESS IN
THE STATE OF NEW YORK, ADMINISTRATIVE BORROWER, OR SUCH OTHER PERSON AS SUCH GRANTOR SHALL
DESIGNATE HEREAFTER BY WRITTEN NOTICE GIVEN TO ADMINISTRATIVE AGENT (THE “DESIGNEE”). THE
CONSENT TO JURISDICTION HEREIN SHALL NOT BE EXCLUSIVE. THE LENDER GROUP SHALL FOR ALL PURPOSES
AUTOMATICALLY, AND WITHOUT ANY ACT ON THEIR PART, BE ENTITLED TO TREAT SUCH DESIGNEE OF EACH
GRANTOR AS THE AUTHORIZED AGENT TO RECEIVE FOR AND ON BEHALF OF SUCH GRANTOR SERVICE OF WRITS, OR
SUMMONS OR OTHER LEGAL PROCESS IN THE STATE OF NEW YORK, WHICH SERVICE SHALL BE DEEMED EFFECTIVE
PERSONAL SERVICE ON SUCH GRANTOR SERVED WHEN DELIVERED TO THE DESIGNEE, WHETHER OR
NOT SUCH DESIGNEE GIVES NOTICE TO SUCH GRANTOR; AND DELIVERY OF SUCH SERVICE TO ITS AUTHORIZED
AGENT SHALL BE DEEMED TO BE MADE

22

 

WHEN PERSONALLY DELIVERED. IF THE DESIGNEE IS THE ADMINISTRATIVE
BORROWER OR AN AFFILIATE OF ADMINISTRATIVE BORROWER, SERVICE SHALL BE MADE ON DESIGNEE BY DELIVERY
TO THE DESIGNEE’S AGENT REGISTERED WITH THE NEW YORK SECRETARY OF STATE FOR SERVICE OF PROCESS. IN
THE EVENT THAT, FOR ANY REASON, SUCH DESIGNEE SHALL NO LONGER SERVE AS DESIGNEE FOR A GRANTOR TO
RECEIVE SERVICE OF PROCESS IN THE STATE OF NEW YORK, SUCH GRANTOR SHALL SERVE AND ADVISE
ADMINISTRATIVE AGENT THEREOF SO THAT AT ALL TIMES EACH GRANTOR WILL MAINTAIN AN AGENT TO RECEIVE
SERVICE OF PROCESS IN THE STATE OF NEW YORK ON BEHALF OF SUCH GRANTOR WITH RESPECT TO THIS
AGREEMENT. IN THE EVENT THAT, FOR ANY REASON, SERVICE OF LEGAL PROCESS CANNOT BE MADE IN THE
MANNER DESCRIBED ABOVE, SUCH SERVICE MAY BE MADE IN SUCH MANNER AS PERMITTED BY LAW.

          (c) EACH GRANTOR HEREBY IRREVOCABLY WAIVES ANY OBJECTION IT WOULD MAKE NOW OR HEREAFTER FOR
THE LAYING OF VENUE OF ANY SUIT, ACTION, OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT
BROUGHT IN THE FEDERAL COURTS OF THE UNITED STATES SITTING IN NEW YORK COUNTY, NEW YORK, AND HEREBY
IRREVOCABLY WAIVES ANY CLAIM THAT ANY SUCH SUIT, ACTION, OR PROCEEDING HAS BEEN BROUGHT IN AN
INCONVENIENT FORUM.

          (d) EACH GRANTOR AND EACH MEMBER OF THE LENDER GROUP TO THE EXTENT PERMITTED BY APPLICABLE LAW
WAIVES, AND OTHERWISE AGREES NOT TO REQUEST, A TRIAL BY JURY IN ANY COURT AND IN ANY ACTION,
PROCEEDING OR COUNTERCLAIM OF ANY TYPE IN WHICH ANY GRANTOR, ANY MEMBER OF THE LENDER GROUP OR ANY
OF THEIR RESPECTIVE SUCCESSORS OR ASSIGNS IS A PARTY, AS TO ALL MATTERS AND THINGS ARISING DIRECTLY
OR INDIRECTLY OUT OF THIS AGREEMENT.

     24. New Subsidiaries. Pursuant to Section 6.20 of the Credit Agreement, any
new direct or indirect Domestic Subsidiary (whether by acquisition or creation) of a Grantor (other
than an Excluded Subsidiary) is required to enter into this Agreement by executing and delivering
in favor of Administrative Agent a supplement to this Agreement in the form of Annex 1
attached hereto. Upon the execution and delivery of Annex 1 by such new Domestic
Subsidiary, such Domestic Subsidiary shall become a Grantor hereunder with the same force and
effect as if originally named as a Grantor herein. The execution and delivery of any instrument
adding an additional Grantor as a party to this Agreement shall not require the consent of any
Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force
and effect notwithstanding the addition of any new Grantor hereunder.

     25. Administrative Agent. Each reference herein to any right granted to, benefit
conferred upon or power exercisable by the “Administrative Agent” shall be a reference to
Administrative Agent, for the benefit of the Lender Group.

23

 

     26. Miscellaneous.

          (a) This Agreement may be executed in any number of counterparts and by different parties on
separate counterparts, each of which, when executed and delivered, shall be deemed to be an
original, and all of which, when taken together, shall constitute but one and the same Agreement.
Delivery of an executed counterpart of this Agreement by telefacsimile or other electronic method
of transmission shall be equally as effective as delivery of an original executed counterpart of
this Agreement. Any party delivering an executed counterpart of this Agreement by telefacsimile or
other electronic method of transmission also shall deliver an original executed counterpart of this
Agreement but the failure to deliver an original executed counterpart shall not affect the
validity, enforceability, and binding effect of this Agreement.

          (b) Any provision of this Agreement which is prohibited or unenforceable shall be ineffective
to the extent of such prohibition or unenforceability without invalidating the remaining provisions
hereof in that jurisdiction or affecting the validity or enforceability of such provision in any
other jurisdiction.

          (c) Headings used in this Agreement are for convenience only and shall not be used in
connection with the interpretation of any provision hereof.

          (d) The pronouns used herein shall include, when appropriate, either gender and both singular
and plural, and the grammatical construction of sentences shall conform thereto.

          (e) Unless the context of this Agreement or any other Loan Document clearly requires
otherwise, references to the plural include the singular, references to the singular include the
plural, the terms “includes” and “including” are not limiting, and the term “or” has, except where
otherwise indicated, the inclusive meaning represented by the phrase “and/or.” The words “hereof,”
“herein,” “hereby,” “hereunder,” and similar terms in this Agreement or any other Loan Document
refer to this Agreement or such other Loan Document, as the case may be, as a whole and not to any
particular provision of this Agreement or such other Loan Document, as the case may be. Section,
subsection, clause, schedule, and exhibit references herein are to this Agreement unless otherwise
specified. Any reference in this Agreement or in any other Loan Document to any agreement,
instrument, or document shall include all alterations, amendments, changes, extensions,
modifications, renewals, replacements, substitutions, joinders, and supplements, thereto and
thereof, as applicable (subject to any restrictions on such alterations, amendments, changes,
extensions, modifications, renewals, replacements, substitutions, joinders, and supplements set
forth herein). Any reference herein or in any other Loan Document to the satisfaction or repayment
in full of the Obligations shall mean the repayment in full in cash (or cash collateralization in
accordance with the terms hereof) of all Obligations other than unasserted contingent
indemnification Obligations. Any reference herein to any Person shall be construed to include such
Person’s successors and assigns. Any requirement of a writing contained herein or in any other
Loan Document shall be satisfied by the transmission of a Record and any Record so transmitted
shall constitute a representation and warranty as to the accuracy and completeness of the
information contained therein.

24

 

     27. Intercreditor Agreement. By accepting the benefits of this Agreement and the other
Loan Documents, Administrative Agent, on behalf of itself and the Lenders, agrees that it is bound
by the terms of the Intercreditor Agreement. In the event of any conflict between the terms of the
Intercreditor Agreement and the terms of this Agreement, the terms of the Intercreditor Agreement
shall govern and control.

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

25

 

          IN WITNESS WHEREOF, the undersigned parties hereto have executed this Agreement by and through
their duly authorized officers, as of the day and year first above written.

	 	 	 	 	 
	GRANTORS:       	OXFORD INDUSTRIES, INC.

 	 
	 	By:  	/s/ Thomas C. Chubb III
 	 
	 	 	Name:  	Thomas C. Chubb III 	 
	 	 	Title:  	President 	 
	 
	 	TOMMY BAHAMA GROUP, INC.

 	 
	 	By:  	/s/ Thomas C. Chubb III
 	 
	 	 	Name:  	Thomas C. Chubb III 	 
	 	 	Title:  	Vice President 	 
	 
	 	BEN SHERMAN CLOTHING, INC.

 	 
	 	By:  	/s/ Thomas C. Chubb III
 	 
	 	 	Name:  	Thomas C. Chubb III 	 
	 	 	Title:  	Vice President 	 
	 
	 	LIONSHEAD CLOTHING COMPANY

 	 
	 	By:  	/s/ Thomas C. Chubb III
 	 
	 	 	Name:  	Thomas C. Chubb III 	 
	 	 	Title:  	Vice President 	 
	 
	 	OXFORD CARIBBEAN, INC.

 	 
	 	By:  	/s/ Thomas C. Chubb III
 	 
	 	 	Name:  	Thomas C. Chubb III 	 
	 	 	Title:  	Vice President 	 
	 
	 	OXFORD GARMENT, INC.

 	 
	 	By:  	/s/ Thomas C. Chubb III
 	 
	 	 	Name:  	Thomas C. Chubb III 	 
	 	 	Title:  	Vice President 	 

Pledge and Security Agreement

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	OXFORD INTERNATIONAL, INC.

 	 
	 	By:  	/s/ Thomas C. Chubb III
 	 
	 	 	Name:  	Thomas C. Chubb III 	 
	 	 	Title:  	Vice President 	 
	 
	 	OXFORD OF SOUTH CAROLINA, INC.

 	 
	 	By:  	/s/ Thomas C. Chubb III
 	 
	 	 	Name:  	Thomas C. Chubb III 	 
	 	 	Title:  	Vice President 	 
	 
	 	PIEDMONT APPAREL CORPORATION

 	 
	 	By:  	/s/ Thomas C. Chubb III
 	 
	 	 	Name:  	Thomas C. Chubb III 	 
	 	 	Title:  	Vice President 	 
	 
	 	SFI OF OXFORD ACQUISITION CORPORATION

 	 
	 	By:  	/s/ Thomas C. Chubb III
 	 
	 	 	Name:  	Thomas C. Chubb III 	 
	 	 	Title:  	Vice President 	 
	 
	 	TOMMY BAHAMA BEVERAGES, LLC

 	 
	 	By:  	/s/ Thomas C. Chubb III
 	 
	 	 	Name:  	Thomas C. Chubb III 	 
	 	 	Title:  	Vice President 	 
	 
	 	TOMMY BAHAMA R&R HOLDINGS, INC.

 	 
	 	By:  	/s/ Thomas C. Chubb III
 	 
	 	 	Name:  	Thomas C. Chubb III 	 
	 	 	Title:  	Vice President 	 

Pledge and Security Agreement

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	TOMMY BAHAMA TEXAS BEVERAGES, LLC

 	 
	 	By:  	/s/ Thomas C. Chubb III
 	 
	 	 	Name:  	Thomas C. Chubb III 	 
	 	 	Title:  	Vice President 	 
	 
	 	VIEWPOINT MARKETING, INC.

 	 
	 	By:  	/s/ Thomas C. Chubb III
 	 
	 	 	Name:  	Thomas C. Chubb III 	 
	 	 	Title:  	Vice President 	 
	 
	 	OXFORD LOCKBOX, INC.

 	 
	 	By:  	/s/ Thomas C. Chubb III
 	 
	 	 	Name:  	Thomas C. Chubb III 	 
	 	 	Title:  	Vice President 	 

Pledge and Security Agreement

 

 

	 	 	 	 	 

	 	 	 	 	 
	ADMINISTRATIVE AGENT:                            	SUNTRUST BANK, as Administrative Agent

 	 
	 	By:  	/s/ Muriel Shaw
 	 
	 	 	Name:  	Muriel Shaw 	 
	 	 	Title:  	Assistant Vice President 	 

Pledge and Security Agreement

 

 

	 	 	 	 	 

The following schedules have been deleted herefrom, but are available to the Commission upon
request:

	 	 	 
	Schedule 1

	 	Trade Names; Organizational Identification Numbers; Chief
Executive Offices
	 
	 	 
	Schedule 2

	 	Commercial Tort Claims
	 
	 	 
	Schedule 3

	 	Copyright Registrations and Applications for Registration
	 
	 	 
	Schedule 4

	 	Intellectual Property Licenses
	 
	 	 
	Schedule 5

	 	Patents
	 
	 	 
	Schedule 6

	 	U.S. Trademarks and U.S. Trademark Licenses and Applications
for Registration
	 
	 	 
	Schedule 7

	 	Pledged Companies
	 
	 	 
	Schedule 8

	 	List of Filing Jurisdictions

 

 

ANNEX 1 TO SECOND AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT

FORM OF SUPPLEMENT

     Supplement No. ___ (this “Supplement”) dated as of                     , 20___, to the
Second Amended and Restated Pledge and Security Agreement dated as of [June ___, 2009] (as amended,
restated, supplemented or otherwise modified from time to time, the “Security Agreement”)
by each of the parties listed on the signature pages thereto and those additional entities that
thereafter become parties thereto (collectively, jointly and severally, “Grantors” and each
individually “Grantor”) and SUNTRUST BANK, in its capacity as Administrative Agent for the
Lender Group (together with its successors, “Administrative Agent”).

WITNESSETH:

     WHEREAS, pursuant to that certain Second Amended and Restated Credit Agreement dated as of
August 15, 2008 (as amended, restated, supplemented or otherwise modified from time to time,
including all schedules thereto, the “Credit Agreement”) by and among Oxford Industries,
Inc., a Georgia corporation (“Parent”), Tommy Bahama Group, Inc., a Delaware corporation
(“TBG”; together with Parent, each referred to individually as a “Borrower” and,
collectively, as “Borrowers”), the Persons party thereto from time to time as Guarantors,
the financial institutions party thereto from time to time as Issuing Banks, the financial
institutions party thereto from time to time as lenders (“Lenders”) and SunTrust Bank, as
the administrative agent (“Administrative Agent”), Administrative Agent and Lenders are
willing to make certain financial accommodations available to Borrowers from time to time pursuant
to the terms and conditions thereof; and

     WHEREAS, capitalized terms used herein and not otherwise defined herein shall have the
meanings assigned to such terms in the Security Agreement or, if not defined therein, in the Credit
Agreement; and

     WHEREAS, Grantors have entered into the Security Agreement in order to induce the Lenders to
make certain financial accommodations to Borrowers; and

     WHEREAS, pursuant to Section 6.20 of the Credit Agreement, new direct or indirect
Domestic Subsidiaries of Borrowers (other than an Excluded Subsidiary) must execute and deliver
certain Loan Documents, including the Security Agreement, and the execution of the Security
Agreement by the undersigned new Grantor or Grantors (collectively, the “New Grantors”) may
be accomplished by the execution of this Supplement in favor of Administrative Agent, for the
benefit of the Lender Group;

     NOW, THEREFORE, for and in consideration of the foregoing and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, each New Grantor
hereby agrees as follows:

     1. In accordance with Section 24 of the Security Agreement, each New Grantor, by its
signature below, becomes a “Grantor” under the Security Agreement with the same force and effect as
if originally named therein as a “Grantor” and each New Grantor hereby (a) agrees to all of the
terms and provisions of the Security Agreement applicable to it as a “Grantor” thereunder and (b)
represents and warrants that the representations and warranties made by it as a “Grantor”
thereunder are true and correct on and as of the date hereof. In furtherance of the foregoing,
each New Grantor, as security for the payment and performance

 

 

in full of the Secured Obligations, does hereby grant, assign, and pledge to Administrative
Agent, for the benefit of the Lender Group, a security interest in and security title to all
Collateral of such New Grantor, including all property of the type described in Section 2
of the Security Agreement, to secure the full and prompt payment of the Secured Obligations,
including, any interest thereon, plus reasonable attorneys’ fees and expenses if the Secured
Obligations represented by the Security Agreement are collected by law, through an attorney-at-law,
or under advice therefrom. Schedule 1, “Trade Names; Organizational ID Number; Chief
Executive Office”, Schedule 2, “Commercial Tort Claims”, Schedule 3, “Copyright
Registrations and Applications for Registration”, Schedule 4, “Intellectual Property
Licenses”, Schedule 5, “Patents”, Schedule 6, “U.S. Trademarks and U.S. Trademark
Licenses and Applications for Registrations”, Schedule 7, “Pledged Companies”, Schedule
8, “List of Uniform Commercial Code Filing Jurisdictions” attached hereto supplement
Schedule 1, Schedule 2, Schedule 3, Schedule 4, Schedule 5,
Schedule 6, Schedule 7 and Schedule 8, respectively, to the Security
Agreement and shall be deemed a part thereof for all purposes of the Security Agreement. Each
reference to a “Grantor” in the Security Agreement shall be deemed to include each New Grantor.
The Security Agreement is incorporated herein by reference.

     2. Each New Grantor represents and warrants to the Lender Group that this Supplement has been
duly executed and delivered by such New Grantor and constitutes its legal, valid and binding
obligation, enforceable against it in accordance with its terms, except as enforceability thereof
may be limited by bankruptcy, insolvency, reorganization, fraudulent transfer, moratorium or other
similar laws affecting creditors’ rights generally and general principles of equity (regardless of
whether such enforceability is considered in a proceeding at law or in equity).

     3. This Supplement may be executed in multiple counterparts, each of which shall be deemed to
be an original, but all such separate counterparts shall together constitute but one and the same
instrument. Delivery of a counterpart hereof by facsimile transmission or by other electronic
transmission shall be as effective as delivery of a manually executed counterpart hereof.

     4. Except as expressly supplemented hereby, the Security Agreement shall remain in full force
and effect.

     5. This Supplement shall be construed in accordance with and governed by the laws of the State
of New York without regard to the conflict of laws principles thereof.

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

 

 

     IN WITNESS WHEREOF, each New Grantor and Administrative Agent have duly executed this
Supplement to the Security Agreement as of the day and year first above written.

	 	 	 	 	 
	NEW GRANTORS:               	[Name of New Grantor]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	[Name of New Grantor]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	ADMINISTRATIVE AGENT:       	SUNTRUST BANK

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

SUPPLEMENT TO PLEDGE AND SECURITY AGREEMENT

 

 

EXHIBIT A

Notwithstanding anything herein to the contrary, the liens and security interests granted to
Administrative Agent pursuant to the Security Agreement (as defined below) and the exercise of any
right or remedy by Administrative Agent hereunder, are subject to the provisions of the
Intercreditor Agreement, dated as of June 30, 2009 (as amended, restated, supplemented or otherwise
modified from time to time, the “Intercreditor Agreement”), among Administrative Agent, as
ABL Agent, U.S. Bank National Association, as Trustee and as Collateral Agent, and as acknowledged
by the Grantors (as such term is defined in the Intercreditor Agreement (as such term is defined in
the Security Agreement)) from time to time party thereto. In the event of any conflict between the
terms of the Intercreditor Agreement and the terms of this Agreement, the terms of the
Intercreditor Agreement shall govern and control.

COPYRIGHT SECURITY AGREEMENT

     This COPYRIGHT SECURITY AGREEMENT (this “Copyright Security Agreement”) is made as of
this ___ day of                     , 20___, among Grantors listed on the signature pages hereof
(collectively, jointly and severally, “Grantors” and each individually “Grantor”),
and SUNTRUST BANK, in its capacity as Administrative Agent for the Lender Group (together with its
successors, “Administrative Agent”).

WITNESSETH:

     WHEREAS, pursuant to that certain Second Amended and Restated Credit Agreement dated as of
August 15, 2008 (as amended, restated, supplemented or otherwise modified from time to time,
including all schedules thereto, the “Credit Agreement”) by and among Oxford Industries,
Inc., a Georgia corporation (“Parent”), Tommy Bahama Group, Inc., a Delaware corporation
(“TBG”; together with Parent, each referred to individually as a “Borrower” and,
collectively, as “Borrowers”), the Persons party thereto from time to time as Guarantors,
the financial institutions party thereto from time to time as Issuing Banks, the financial
institutions party thereto from time to time as lenders (“Lenders”) and SunTrust Bank, as
the administrative agent (“Administrative Agent”), Administrative Agent and Lenders are
willing to make certain financial accommodations available to Borrowers from time to time pursuant
to the terms and conditions thereof; and

     WHEREAS, the Lenders are willing to make the financial accommodations to Borrowers as provided
for in the Credit Agreement, but only upon the condition, among others, that Grantors shall have
executed and delivered to Administrative Agent, for the benefit of the Lender Group, that certain
Second Amended and Restated Pledge and Security Agreement dated as of June 30, 2009 (including all
annexes, exhibits or schedules thereto, as from time to time amended, restated, supplemented or
otherwise modified, the “Security Agreement”); and

     WHEREAS, pursuant to the Security Agreement, Grantors are required to execute and deliver to
Administrative Agent, for the benefit of the Lender Group, this Copyright Security Agreement;

 

 

     NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained and for
other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Grantors hereby agree as follows:

     1. DEFINED TERMS. All capitalized terms used but not otherwise defined herein have
the meanings given to them in the Security Agreement or, if not defined therein, in the Credit
Agreement.

     2. GRANT OF SECURITY INTEREST IN COPYRIGHT COLLATERAL. Each Grantor hereby grants to
Administrative Agent, for the benefit of the Lender Group, a continuing security interest in all of
such Grantor’s right, title and interest in, to and under the following, whether presently existing
or hereafter created or acquired (collectively, the “Copyright Collateral”):

          (a) all of such Grantor’s Copyrights and Intellectual Property Licenses with respect to
Copyrights to which it is a party as licensor or licensee including those referred to on
Schedule I hereto;

          (b) all reissues, continuations or extensions of the foregoing; and

          (c) all products and proceeds of the foregoing, including any claim by such Grantor against
third parties for past, present or future infringement or dilution of any Copyright or any
Copyright licensed under any Intellectual Property License.

     3. SECURITY FOR OBLIGATIONS. This Copyright Security Agreement and the Security
Interest created hereby secures the payment and performance of all the Secured Obligations, whether
now existing or arising hereafter. Without limiting the generality of the foregoing, this
Copyright Security Agreement secures the payment of all amounts which constitute part of the
Secured Obligations and would be owed by Grantors, or any of them, to Administrative Agent, the
Lender Group, or any of them, whether or not they are unenforceable or not allowable due to the
existence of an Insolvency Proceeding involving any Grantor.

     4. SECURITY AGREEMENT. The security interests granted pursuant to this Copyright
Security Agreement are granted in conjunction with the security interests granted to Administrative
Agent, for the benefit of the Lender Group, pursuant to the Security Agreement. Each Grantor
hereby acknowledges and affirms that the rights and remedies of Administrative Agent with respect
to the security interest in the Copyright Collateral made and granted hereby are more fully set
forth in the Security Agreement, the terms and provisions of which are incorporated by reference
herein as if fully set forth herein.

     5. AUTHORIZATION TO SUPPLEMENT. Grantors shall give Administrative Agent notice in
writing of any additional United States copyright registrations or applications therefor after the
date hereof in accordance with the terms of the Security Agreement. Grantors hereby authorize
Administrative Agent unilaterally to modify this Agreement by amending Schedule I to
include any future United States registered copyrights or applications therefor of Grantors.
Notwithstanding the foregoing, no failure to so modify this Copyright Security Agreement or amend
Schedule I shall in any way affect, invalidate or detract from

 

 

Administrative Agent’s continuing security interest in all Collateral, whether or not listed
on Schedule I.

     6. COUNTERPARTS. This Copyright Security Agreement may be executed in any number of
counterparts, each of which shall be deemed to be an original, but all such separate counterparts
shall together constitute but one and the same instrument. In proving this Copyright Security
Agreement or any other Loan Document in any judicial proceedings, it shall not be necessary to
produce or account for more than one such counterpart signed by the party against whom such
enforcement is sought. Any signatures delivered by a party by facsimile transmission or by other
electronic transmission shall be deemed an original signature hereto.

     7. CONSTRUCTION. Unless the context of this Copyright Security Agreement or any other
Loan Document clearly requires otherwise, references to the plural include the singular, references
to the singular include the plural, the terms “includes” and “including” are not limiting, and the
term “or” has, except where otherwise indicated, the inclusive meaning represented by the phrase
“and/or.” The words “hereof,” “herein,” “hereby,” “hereunder,” and similar terms in this Copyright
Security Agreement or any other Loan Document refer to this Copyright Security Agreement or such
other Loan Document, as the case may be, as a whole and not to any particular provision of this
Copyright Security Agreement or such other Loan Document, as the case may be. Section, subsection,
clause, schedule, and exhibit references herein are to this Copyright Security Agreement unless
otherwise specified. Any reference in this Copyright Security Agreement or in any other Loan
Document to any agreement, instrument, or document shall include all alterations, amendments,
changes, extensions, modifications, renewals, replacements, substitutions, joinders, and
supplements, thereto and thereof, as applicable (subject to any restrictions on such alterations,
amendments, changes, extensions, modifications, renewals, replacements, substitutions, joinders,
and supplements set forth herein). Any reference herein or in any other Loan Document to the
satisfaction or repayment in full of the Obligations shall mean the repayment in full in cash (or
cash collateralization in accordance with the terms hereof) of all Obligations other than
unasserted contingent indemnification Obligations. Any reference herein to any Person shall be
construed to include such Person’s successors and assigns. Any requirement of a writing contained
herein or in any other Loan Document shall be satisfied by the transmission of a Record and any
Record so transmitted shall constitute a representation and warranty as to the accuracy and
completeness of the information contained therein.

     8. INTERCREDITOR AGREEMENT. Notwithstanding anything herein to the contrary, the liens
and security interests granted to Administrative Agent pursuant to this Copyright Security
Agreement and the exercise of any right or remedy by Administrative Agent hereunder, are subject to
the provisions of the Intercreditor Agreement dated as of June 30, 2009 (as amended, restated,
supplemented or otherwise modified from time to time, the “Intercreditor Agreement”), among
SunTrust Bank, as ABL Agent, U.S. Bank National Association, as Trustee and as Collateral Agent,
and the Grantors (as defined in the Intercreditor Agreement) from time to time party thereto. In
the event of any conflict between the terms of the Intercreditor Agreement and the terms of this
Copyright Security Agreement, the terms of the Intercreditor Agreement shall govern and control.

[SIGNATURE PAGE FOLLOWS]

 

 

     IN WITNESS WHEREOF, each Grantor has caused this Copyright Security Agreement to be executed
and delivered by its duly authorized officer as of the date first set forth above.

	 	 	 	 	 
	 	OXFORD INDUSTRIES, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	TOMMY BAHAMA GROUP, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	BEN SHERMAN CLOTHING, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	LIONSHEAD CLOTHING COMPANY

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	OXFORD CARIBBEAN, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	OXFORD GARMENT, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

COPYRIGHT SECURITY AGREEMENT

 

 

	 	 	 	 	 
	 	OXFORD INTERNATIONAL, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	OXFORD OF SOUTH CAROLINA, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	PIEDMONT APPAREL CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	SFI OF OXFORD ACQUISITION CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	TOMMY BAHAMA BEVERAGES, LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

COPYRIGHT SECURITY AGREEMENT

 

 

	 	 	 	 	 
	 	TOMMY BAHAMA R&R HOLDINGS, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	TOMMY BAHAMA TEXAS BEVERAGES, LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	VIEWPOINT MARKETING, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	OXFORD LOCKBOX, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	ACCEPTED AND ACKNOWLEDGED BY:

SUNTRUST BANK, as Administrative Agent

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

COPYRIGHT SECURITY AGREEMENT

 

 

SCHEDULE I

TO

COPYRIGHT SECURITY AGREEMENT

Copyright Registrations

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Grantor	 	Country	 	Copyright	 	Registration No.	 	Registration Date

Copyright Licenses

 

 

EXHIBIT B

Notwithstanding anything herein to the contrary, the liens and security interests granted to
Administrative Agent pursuant to the Security Agreement (as defined below) and the exercise of any
right or remedy by Administrative Agent hereunder, are subject to the provisions of the
Intercreditor Agreement dated as of June 30, 2009 (as amended, restated, supplemented or otherwise
modified from time to time, the “Intercreditor Agreement”), among Administrative Agent, as
ABL Agent, U.S. Bank National Association, as Trustee and as Collateral Agent, and as acknowledged
by the Grantors (as such term is defined in the Intercreditor Agreement (as such term is defined in
the Security Agreement)) from time to time party thereto. In the event of any conflict between the
terms of the Intercreditor Agreement and the terms of this Agreement, the terms of the
Intercreditor Agreement shall govern and control.

PATENT SECURITY AGREEMENT

     This PATENT SECURITY AGREEMENT (this “Patent Security Agreement”) is made as of this
___ day of _________, 20___, among Grantors listed on the signature pages hereof (collectively,
jointly and severally, “Grantors” and each individually “Grantor”), and SUNTRUST
BANK, in its capacity as Administrative Agent for the Lender Group (together with its successors,
“Administrative Agent”).

WITNESSETH:

     WHEREAS, pursuant to that certain Second Amended and Restated Credit Agreement dated as of
August 15, 2008 (as amended, restated, supplemented or otherwise modified from time to time,
including all schedules thereto, the “Credit Agreement”) by and among Oxford Industries,
Inc., a Georgia corporation (“Parent”), Tommy Bahama Group, Inc., a Delaware corporation
(“TBG”; together with Parent, each referred to individually as a “Borrower” and,
collectively, as “Borrowers”), the Persons party thereto from time to time as Guarantors,
the financial institutions party thereto from time to time as Issuing Banks, the financial
institutions party thereto from time to time as lenders (“Lenders”) and SunTrust Bank, as
the administrative agent (“Administrative Agent”), Administrative Agent and Lenders are
willing to make certain financial accommodations available to Borrowers from time to time pursuant
to the terms and conditions thereof; and

     WHEREAS, the Lenders are willing to make the financial accommodations to Borrowers as provided
for in the Credit Agreement, but only upon the condition, among others, that Grantors shall have
executed and delivered to Administrative Agent, for the benefit of the Lender Group, that certain
Second Amended and Restated Pledge and Security Agreement dated as of June 30, 2009 (including all
annexes, exhibits or schedules thereto, as from time to time amended, restated, supplemented or
otherwise modified, the “Security Agreement”); and

     WHEREAS, pursuant to the Security Agreement, Grantors are required to execute and deliver to
Administrative Agent, for the benefit of the Lender Group, this Patent Security Agreement;

 

 

     NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained and for
other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, each Grantor hereby agrees as follows:

     1. DEFINED TERMS. All capitalized terms used but not otherwise defined herein have
the meanings given to them in the Security Agreement or, if not defined therein, in the Credit
Agreement.

     2. GRANT OF SECURITY INTEREST IN PATENT COLLATERAL. Each Grantor hereby grants to
Administrative Agent, for the benefit of the Lender Group, a continuing security interest in all of
such Grantor’s right, title and interest in, to and under the following, whether presently existing
or hereafter created or acquired (collectively, the “Patent Collateral”):

     (a) all of its Patents and Intellectual Property Licenses with respect to Patents to which it
is a party including those referred to on Schedule I hereto;

     (b) all reissues, continuations or extensions of the foregoing; and

     (c) all products and proceeds of the foregoing, including any claim by such Grantor against
third parties for past, present or future infringement or dilution of any Patent or any Patent
licensed under any Intellectual Property License.

     3. SECURITY FOR OBLIGATIONS. This Patent Security Agreement and the Security Interest
created hereby secures the payment and performance of all the Secured Obligations, whether now
existing or arising hereafter. Without limiting the generality of the foregoing, this Patent
Security Agreement secures the payment of all amounts which constitute part of the Secured
Obligations and would be owed by Grantors, or any of them, to Administrative Agent, the Lender
Group, or any of them, whether or not they are unenforceable or not allowable due to the existence
of an Insolvency Proceeding involving any Grantor.

     4. SECURITY AGREEMENT. The security interests granted pursuant to this Patent
Security Agreement are granted in conjunction with the security interests granted to Administrative
Agent, for the benefit of the Lender Group, pursuant to the Security Agreement. Each Grantor
hereby acknowledges and affirms that the rights and remedies of Administrative Agent with respect
to the security interest in the Patent Collateral made and granted hereby are more fully set forth
in the Security Agreement, the terms and provisions of which are incorporated by reference herein
as if fully set forth herein.

     5. AUTHORIZATION TO SUPPLEMENT. If any Grantor shall obtain rights to any new
patentable inventions or become entitled to the benefit of any patent application or patent for any
reissue, division, or continuation, of any patent, the provisions of this Patent Security Agreement
shall automatically apply thereto. Grantors shall give notice in writing to Administrative Agent
with respect to any such new patent rights in accordance with the terms of the Security Agreement.
Without limiting Grantors’ obligations under this Section 5, Grantors hereby authorize
Administrative Agent unilaterally to modify this Agreement by amending Schedule I to
include any such new patent rights of Grantors. Notwithstanding the foregoing, no failure to so
modify this Patent Security Agreement or amend Schedule I shall in any way affect,

3

 

invalidate or detract from Administrative Agent’s continuing security interest in all
Collateral, whether or not listed on Schedule I.

     6. COUNTERPARTS. This Patent Security Agreement may be executed in any number of
counterparts, each of which shall be deemed to be an original, but all such separate counterparts
shall together constitute but one and the same instrument. In proving this Patent Security
Agreement or any other Loan Document in any judicial proceedings, it shall not be necessary to
produce or account for more than one such counterpart signed by the party against whom such
enforcement is sought. Any signatures delivered by a party by facsimile transmission or by other
electronic transmission shall be deemed an original signature hereto.

     7. CONSTRUCTION. Unless the context of this Patent Security Agreement or any other
Loan Document clearly requires otherwise, references to the plural include the singular, references
to the singular include the plural, the terms “includes” and “including” are not limiting, and the
term “or” has, except where otherwise indicated, the inclusive meaning represented by the phrase
“and/or.” The words “hereof,” “herein,” “hereby,” “hereunder,” and similar terms in this Patent
Security Agreement or any other Loan Document refer to this Patent Security Agreement or such other
Loan Document, as the case may be, as a whole and not to any particular provision of this Patent
Security Agreement or such other Loan Document, as the case may be. Section, subsection, clause,
schedule, and exhibit references herein are to this Patent Security Agreement unless otherwise
specified. Any reference in this Patent Security Agreement or in any other Loan Document to any
agreement, instrument, or document shall include all alterations, amendments, changes, extensions,
modifications, renewals, replacements, substitutions, joinders, and supplements, thereto and
thereof, as applicable (subject to any restrictions on such alterations, amendments, changes,
extensions, modifications, renewals, replacements, substitutions, joinders, and supplements set
forth herein). Any reference herein or in any other Loan Document to the satisfaction or repayment
in full of the Obligations shall mean the repayment in full in cash (or cash collateralization in
accordance with the terms hereof) of all Obligations other than unasserted contingent
indemnification Obligations. Any reference herein to any Person shall be construed to include such
Person’s successors and assigns. Any requirement of a writing contained herein or in any other
Loan Document shall be satisfied by the transmission of a Record and any Record so transmitted
shall constitute a representation and warranty as to the accuracy and completeness of the
information contained therein.

     8. INTERCREDITOR AGREEMENT. Notwithstanding anything herein to the contrary, the liens
and security interests granted to Administrative Agent pursuant to this Patent Security Agreement
and the exercise of any right or remedy by Administrative Agent hereunder, are subject to the
provisions of the Intercreditor Agreement dated as of June 30, 2009 (as amended, restated,
supplemented or otherwise modified from time to time, the “Intercreditor Agreement”), among
SunTrust Bank, as ABL Agent, U.S. Bank National Association, as Trustee and as Collateral Agent,
and the Grantors (as defined in the Intercreditor Agreement) from time to time party thereto. In
the event of any conflict between the terms of the Intercreditor Agreement and the terms of this
Patent Security Agreement, the terms of the Intercreditor Agreement shall govern and control.

[SIGNATURE PAGE FOLLOWS]

4

 

     IN WITNESS WHEREOF, each Grantor has caused this Patent Security Agreement to be executed and
delivered by its duly authorized officer as of the date first set forth above.

	 	 	 	 	 
	 	OXFORD INDUSTRIES, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	TOMMY BAHAMA GROUP, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	BEN SHERMAN CLOTHING, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	LIONSHEAD CLOTHING COMPANY

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	OXFORD CARIBBEAN, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	OXFORD GARMENT, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

Patent Security Agreement

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	OXFORD INTERNATIONAL, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	OXFORD OF SOUTH CAROLINA, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	PIEDMONT APPAREL CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	SFI OF OXFORD ACQUISITION CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	TOMMY BAHAMA BEVERAGES, LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 

Patent Security Agreement

 

 

	 	 	 	 	 
	 	TOMMY BAHAMA R&R HOLDINGS, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	TOMMY BAHAMA TEXAS BEVERAGES, LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	VIEWPOINT MARKETING, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	OXFORD LOCKBOX, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	ACCEPTED AND ACKNOWLEDGED BY:

SUNTRUST BANK, as Administrative Agent

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Patent Security Agreement

 

 

EXHIBIT C

PLEDGED INTERESTS ADDENDUM

     This Pledged Interests Addendum, dated as
of _________ ___, 20___, is delivered pursuant to
Section 6 of the Security Agreement referred to below. The undersigned hereby agrees that
this Pledged Interests Addendum may be attached to that certain Second Amended and Restated Pledge
and Security Agreement, dated as June 30, 2009 (as amended, restated, supplemented or otherwise
modified from time to time, the “Security Agreement”), made by the undersigned, together
with the other Grantors named therein, to SUNTRUST BANK, as Administrative Agent. Initially
capitalized terms used but not defined herein shall have the meaning ascribed to such terms in the
Security Agreement or, if not defined therein, defined in that certain Second Amended and Restated
Credit Agreement, dated as August 15, 2008 (as amended, restated, supplemented or otherwise
modified from time to time, the “Credit Agreement”), by and among Oxford Industries, Inc.,
a Georgia corporation (“Parent”), Tommy Bahama Group, Inc., a Delaware corporation
(“TBG”; together with Parent, each referred to individually as a “Borrower” and,
collectively, as “Borrowers”), the Persons party thereto from time to time as Guarantors,
the financial institutions party thereto from time to time as Issuing Banks, the financial
institutions party thereto from time to time as lenders (“Lenders”) and SunTrust Bank, as
the administrative agent (“Administrative Agent”). The undersigned hereby agrees that the
additional interests listed on this Pledged Interests Addendum as set forth below shall be and
become part of the Pledged Interests pledged by the undersigned to Administrative Agent in the
Security Agreement and any pledged company set forth on this Pledged Interests Addendum as set
forth below shall be and become a “Pledged Company” under the Security Agreement, each with the
same force and effect as if originally named therein.

     The undersigned hereby certifies that the representations and warranties set forth in
Section 5 of the Security Agreement of the undersigned are true and correct as to the
Pledged Interests listed herein on and as of the date hereof.

	 	 	 	 	 
	 	[_____________________]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Patent Security Agreement

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Percentage	 	 
	 	 	 	 	Name of Pledged	 	Number of	 	Class of	 	of Class	 	Certificate
	Name of Pledgor	 	Company	 	Shares/Units	 	Interests	 	Owned	 	Nos.

 

 

EXHIBIT D

Notwithstanding anything herein to the contrary, the liens and security interests granted to
Administrative Agent pursuant to the Security Agreement (as defined below) and the exercise of any
right or remedy by Administrative Agent hereunder, are subject to the provisions of the
Intercreditor Agreement dated as of June 30, 2009 (as amended, restated, supplemented or otherwise
modified from time to time, the “Intercreditor Agreement”), among Administrative Agent, as
ABL Agent, U.S. Bank National Association, as Trustee and as Collateral Agent, and as acknowledged
by the Grantors (as such term is defined in the Intercreditor Agreement (as such term is defined in
the Security Agreement)) from time to time party thereto. In the event of any conflict between the
terms of the Intercreditor Agreement and the terms of this Agreement, the terms of the
Intercreditor Agreement shall govern and control.

TRADEMARK SECURITY AGREEMENT

     This TRADEMARK SECURITY AGREEMENT (this “Trademark Security Agreement”) is made as of
this ___ day of _________, 20___, among Grantors listed on the signature pages hereof
(collectively, jointly and severally, “Grantors” and each individually “Grantor”),
and SUNTRUST BANK, in its capacity as Administrative Agent for the Lender Group (together with its
successors, “Administrative Agent”).

WITNESSETH:

     WHEREAS, pursuant to that certain Second Amended and Restated Credit Agreement dated as of
August 15, 2008 (as amended, restated, supplemented or otherwise modified from time to time,
including all schedules thereto, the “Credit Agreement”) by and among Oxford Industries,
Inc., a Georgia corporation (“Parent”), Tommy Bahama Group, Inc., a Delaware corporation
(“TBG”; together with Parent, each referred to individually as a “Borrower” and,
collectively, as “Borrowers”), the Persons party thereto from time to time as Guarantors,
the financial institutions party thereto from time to time as Issuing Banks, the financial
institutions party thereto from time to time as lenders (“Lenders”) and SunTrust Bank, as
the administrative agent (“Administrative Agent”), Administrative Agent and Lenders are
willing to make certain financial accommodations available to Borrowers from time to time pursuant
to the terms and conditions thereof; and

     WHEREAS, the Lenders are willing to make the financial accommodations to Borrowers as provided
for in the Credit Agreement, but only upon the condition, among others, that Grantors shall have
executed and delivered to Administrative Agent, for the benefit of the Lender Group, that certain
Second Amended and Restated Pledge and Security Agreement dated as of June 30, 2009 (including all
annexes, exhibits or schedules thereto, as from time to time amended, restated, supplemented or
otherwise modified, the “Security Agreement”); and

     WHEREAS, pursuant to the Security Agreement, Grantors are required to execute and deliver to
Administrative Agent, for the benefit of the Lender Group, this Trademark Security Agreement;

 

 

     NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained and for
other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, each Grantor hereby agrees as follows:

     1. DEFINED TERMS. All capitalized terms used but not otherwise defined herein have
the meanings given to them in the Security Agreement or, if not defined therein, in the Credit
Agreement.

     2. GRANT OF SECURITY INTEREST IN TRADEMARK COLLATERAL. Each Grantor hereby grants to
Administrative Agent, for the benefit of the Lender Group, a continuing security interest in all of
such Grantor’s right, title and interest in, to and under the following, whether presently existing
or hereafter created or acquired (collectively, the “Trademark Collateral”):

          (a) all of such Grantor’s U.S. Trademarks and U.S. Trademark Licenses to which it is a party
including those referred to on Schedule I hereto;

          (b) all reissues, continuations or extensions of the foregoing; and

          (c) all products and proceeds of the foregoing, including any claim by such Grantor against
third parties for past, present or future infringement or dilution of any U.S. Trademark or any
breach of any U.S. Trademark License.

     3. SECURITY FOR OBLIGATIONS. This Trademark Security Agreement and the Security
Interest created hereby secures the payment and performance of all the Secured Obligations, whether
now existing or arising hereafter. Without limiting the generality of the foregoing, this
Trademark Security Agreement secures the payment of all amounts which constitute part of the
Obligations and would be owed by Grantors, or any of them, to Administrative Agent, the Lender
Group, or any of them, whether or not they are unenforceable or not allowable due to the existence
of an Insolvency Proceeding involving any Grantor.

     4. SECURITY AGREEMENT. The security interests granted pursuant to this Trademark
Security Agreement are granted in conjunction with the security interests granted to Administrative
Agent, for the benefit of the Lender Group, pursuant to the Security Agreement. Each Grantor
hereby acknowledges and affirms that the rights and remedies of Administrative Agent with respect
to the security interest in the Trademark Collateral made and granted hereby are more fully set
forth in the Security Agreement, the terms and provisions of which are incorporated by reference
herein as if fully set forth herein.

     5. AUTHORIZATION TO SUPPLEMENT. Grantors hereby authorize Administrative Agent
unilaterally to modify this Agreement by amending Schedule I to include any future U.S.
Trademarks of Grantors. Notwithstanding the foregoing, no failure to so modify this Trademark
Security Agreement or amend Schedule I shall in any way affect, invalidate or detract from
Administrative Agent’s continuing security interest in all Collateral, whether or not listed on
Schedule I.

     6. COUNTERPARTS. This Trademark Security Agreement may be executed in any number of
counterparts, each of which shall be deemed to be an original, but all such separate

 

 

counterparts shall together constitute but one and the same instrument. In proving this
Trademark Security Agreement or any other Loan Document in any judicial proceedings, it shall not
be necessary to produce or account for more than one such counterpart signed by the party against
whom such enforcement is sought. Any signatures delivered by a party by facsimile transmission or
by other electronic transmission shall be deemed an original signature hereto.

     7. CONSTRUCTION. Unless the context of this Trademark Security Agreement or any other
Loan Document clearly requires otherwise, references to the plural include the singular, references
to the singular include the plural, the terms “includes” and “including” are not limiting, and the
term “or” has, except where otherwise indicated, the inclusive meaning represented by the phrase
“and/or.” The words “hereof,” “ herein,” “hereby,” “hereunder,” and similar terms in this
Trademark Security Agreement or any other Loan Document refer to this Trademark Security Agreement
or such other Loan Document, as the case may be, as a whole and not to any particular provision of
this Trademark Security Agreement or such other Loan Document, as the case may be. Section,
subsection, clause, schedule, and exhibit references herein are to this Trademark Security
Agreement unless otherwise specified. Any reference in this Trademark Security Agreement or in any
other Loan Document to any agreement, instrument, or document shall include all alterations,
amendments, changes, extensions, modifications, renewals, replacements, substitutions, joinders,
and supplements, thereto and thereof, as applicable (subject to any restrictions on such
alterations, amendments, changes, extensions, modifications, renewals, replacements, substitutions,
joinders, and supplements set forth herein). Any reference herein or in any other Loan Document to
the satisfaction or repayment in full of the Obligations shall mean the repayment in full in cash
(or cash collateralization in accordance with the terms hereof) of all Obligations other than
unasserted contingent indemnification Obligations. Any reference herein to any Person shall be
construed to include such Person’s successors and assigns. Any requirement of a writing contained
herein or in any other Loan Document shall be satisfied by the transmission of a Record and any
Record so transmitted shall constitute a representation and warranty as to the accuracy and
completeness of the information contained therein.

     8. INTERCREDITOR AGREEMENT. Notwithstanding anything herein to the contrary, the liens
and security interests granted to Administrative Agent pursuant to this Trademark Security
Agreement and the exercise of any right or remedy by Administrative Agent hereunder, are subject to
the provisions of the Intercreditor Agreement dated as of June 30, 2009 (as amended, restated,
supplemented or otherwise modified from time to time, the “Intercreditor Agreement”), among
SunTrust Bank, as ABL Agent, U.S. Bank National Association, as Trustee and as Collateral Agent,
and the Grantors (as defined in the Intercreditor Agreement) from time to time party thereto. In
the event of any conflict between the terms of the Intercreditor Agreement and the terms of this
Trademark Security Agreement, the terms of the Intercreditor Agreement shall govern and control.

[signature page follows]

 

 

     IN WITNESS WHEREOF, each Grantor has caused this Trademark Security Agreement to be executed
and delivered by its duly authorized officer as of the date first set forth above.

	 	 	 	 	 
	 	OXFORD INDUSTRIES, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	TOMMY BAHAMA GROUP, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	BEN SHERMAN CLOTHING, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	LIONSHEAD CLOTHING COMPANY

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	OXFORD CARIBBEAN, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	OXFORD GARMENT, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Trademark Security Agreement

 

 

	 	 	 	 	 
	 	OXFORD INTERNATIONAL, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	OXFORD OF SOUTH CAROLINA, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	PIEDMONT APPAREL CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	SFI OF OXFORD ACQUISITION CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	TOMMY BAHAMA BEVERAGES, LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 

Trademark Security Agreement

 

 

	 	 	 	 	 
	 	TOMMY BAHAMA R&R HOLDINGS, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	TOMMY BAHAMA TEXAS BEVERAGES, LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	VIEWPOINT MARKETING, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	OXFORD LOCKBOX, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	ACCEPTED AND ACKNOWLEDGED BY:

SUNTRUST BANK, as Administrative Agent

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Trademark Security Agreement

 

 

SCHEDULE I

to

TRADEMARK SECURITY AGREEMENT

U.S. Trademark Registrations/Applications

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Grantor	 	Mark	 	Application/ Registration 
No.	 	App/Reg Date
	 

U.S. Trademark LicensesEX-4.1

Exhibit 4.1

ROYAL CARIBBEAN CRUISES LTD., as Issuer

and

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee

 

FIRST SUPPLEMENTAL INDENTURE

Dated as of July 6, 2009

 

SENIOR DEBT SECURITIES

Supplemental to Indenture dated as of July 31, 2006

 

 

          FIRST SUPPLEMENTAL INDENTURE, dated as of July 6, 2009 (the “First Supplemental Indenture”),
between ROYAL CARIBBEAN CRUISES LTD., a Liberian corporation (hereinafter called the “Company”),
and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. (as successor to The Bank of New York Trust
Company, N.A.), as trustee under the Indenture referred to below (hereinafter called the
“Trustee”).

          WHEREAS, the Company entered into an Indenture dated as of July 31, 2006 (the “Basic
Indenture”, all capitalized terms used in this First Supplemental Indenture and not otherwise
defined being used as defined in the Basic Indenture) with the Trustee, for the purposes of issuing
its unsecured and unsubordinated indebtedness in one or more series (the “Securities”) in such
principal amount or amounts as may from time to time be authorized by or pursuant to the authority
granted in one or more resolutions of the Board of Directors of the Company; and

          WHEREAS, the Company proposes to issue a series of Securities denominated its 11.875% Senior
Notes due 2015” (such Securities being referred to herein as the “Senior Notes”); and

          WHEREAS, Sections 901(6) and 901(10) of the Basic Indenture provide that without the consent
of the Holders of the Securities of any series, the Company, when authorized by a Board Resolution,
and the Trustee may enter into one or more indentures supplemental to the Basic Indenture (a) to
establish the form or terms of Securities of any series as contemplated by Sections 201 and 301
thereof and (b) to cure any ambiguity, to correct or supplement any provision in the Basic
Indenture which may be inconsistent with any other provision of the Basic Indenture or to make any
other provisions with respect to matters or questions arising under the Basic Indenture, provided
that such action shall not adversely affect the interests of the Holders of the Securities of any
series in any material respect; and

          WHEREAS, the entry into this First Supplemental Indenture by the parties hereto is in all
respects authorized by the provisions of the Basic Indenture; and

          WHEREAS, all things necessary have been done to make this First Supplemental Indenture, when
executed and delivered by the Company, the legal, valid and binding agreement of the Company, in
accordance with its terms.

NOW, THEREFORE, THIS INDENTURE WITNESSETH:

          The parties hereto mutually covenant and agree as follows:

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          SECTION 1. The Basic Indenture is hereby amended solely with respect to a series of
Securities that consists of Senior Notes, as follows:

          (A) By amending Section 101 to add new definitions thereto in appropriate alphabetical
sequences, as follows:

          “Attributable Debt” has the meaning specified in Section 1008.

          “Change of Control” means:

          (1) any “person” or “group” of related persons, other than a Permitted Holder, is or becomes
the beneficial owner, directly or indirectly, of more than 50% of the total voting stock of the
Company;

          (2) the Company conveys, transfers or leases its properties and assets substantially as an
entirety to any other person, other than to a Subsidiary of the Company or a Permitted Holder; or

          (3) the Company is liquidated or dissolved or adopts a plan of liquidation or dissolution,
other than in connection with a transaction that complies with Section 801.

          For purposes of this definition, (a) “person” and “group” have the meanings they have in
Sections 13(d) and 14(d) of the Exchange Act; and (b) “beneficial owner” is used as defined in
Rules 13d-3 and 13d-5 under the Exchange Act, except that a person shall be deemed to have
“beneficial ownership” of all voting stock that such person has the right to acquire, whether such
right is exercisable immediately or only after the passage of time.

          “Change of Control Offer” has the meaning specified in Section 1011.

          “Change of Control Payment” has the meaning specified in Section 1011.

          “Change of Control Triggering Event” means the occurrence of both (i) a Change of Control and
(ii) a Rating Decline associated with such Change of Control.

          “Comparable Treasury Issue” means the United States Treasury security or securities selected
by an Independent Investment Banker as having an actual or interpolated maturity comparable to the
remaining term of the Senior Notes to be redeemed that would be utilized, at the time of selection
and in accordance with customary financial practice, in pricing new issues of corporate debt
securities of a comparable maturity to the remaining term of such Senior Notes.

          “Comparable Treasury Price” means, with respect to any Redemption Date, (i) the average of the
Reference Treasury Dealer Quotations for such Redemption Date,
after excluding the highest and lowest such Reference Treasury Dealer Quotation or (ii) if

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the Trustee obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such
quotations.

          “Consolidated Net Tangible Assets” has the meaning specified in Section 1008.

          “Funded Debt” has the meaning specified in Section 1009.

          “Independent Investment Banker” means one of the Reference Treasury Dealers appointed by the
Company.

          An “Investment Grade” rating means a rating of Baa3 or better by Moody’s or BBB- or better by
S&P, or, in the case of any other Rating Agency, a rating by such other Rating Agency that would
allow the Senior Notes to be considered “investment grade securities” for purposes of General
Instruction I.B.2 to Form S-3 under the Securities Act as in effect on the original issue date of
the Senior Notes.

          “Mortgage” has the meaning specified in Section 1008.

          “Permitted Holder” means A. Wilhelmsen AS, Cruise Associates or any Affiliate of any of the
foregoing; and, from and after any Change of Control Payment Date, any person or group, and any
Affiliate of any person or group, whose acquisition of voting stock of the Company gave rise to any
previous Change of Control. An “Affiliate” of a person (the “first person”) means any other person
that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or
is under common control with the first person.

          “Principal Property” has the meaning specified in Section 1008.

          “Rating Agency” means either of (x) Moody’s Investors Service Limited (“Moody’s”) or (y)
Standard & Poor’s Rating Services, a division of The McGraw-Hill Companies Inc. (“S&P”); provided
that if either Moody’s or S&P does not make a rating of the Senior Notes publicly available, the
Company shall use commercially reasonable efforts to select a nationally recognized securities
rating agency or agencies, as the case may be, which shall then be substituted for Moody’s or S&P
or both of them, as the case may be; provided further, that in no event shall the Company have any
obligation to maintain a rating of the Senior Notes.

          A “Rating Decline” shall be deemed to occur if during the period (the “Change of Control
Period”) commencing on the date of the first public notice of the occurrence of a Change of Control
or the intention by the Company to effect a Change of Control (the “Public Notice Date”) and
terminating on the date that is 90 days after consummation of the Change of Control (provided that
if a Rating Agency announces,
after the Public Notice Date and before expiration of the Change of Control Period, that

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the rating of the Senior Notes is under review for possible downgrade by such Rating Agency, the Change
of Control Period shall be extended until the first to occur of (x) the date that such Rating
Agency announces the results of its review and (y) the date that is 180 days after consummation of
the Change of Control), (i) there shall have occurred a decrease in the rating of the Senior Notes
by either Rating Agency by one or more gradations, as measured against such Rating Agency’s rating
of the Senior Notes immediately prior to the Public Notice Date, or (ii) either Rating Agency
withdraws its rating of the Senior Notes, such that after such decrease or withdrawal the Senior
Notes are not rated Investment Grade by such Rating Agency, and such Rating Agency does not
thereafter during the Change of Control Period restore its Investment Grade rating of the Senior
Notes.

          “Reference Treasury Dealer” means each of Morgan Stanley & Co. Incorporated, Banc of America
Securities LLC and Goldman, Sachs & Co., or their affiliates which are primary United States
government securities dealers, and their respective successors; provided, however, that if any of
the foregoing shall cease to be a primary United States government securities dealer in the United
States (a “Primary Treasury Dealer”), the Company will substitute therefor another Primary Treasury
Dealer.

          “Reference Treasury Dealer Quotation” means, with respect to each Reference Treasury Dealer
and any Redemption Date, the average, as determined by the Trustee, of the bid and asked prices for
the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the Trustee by such Reference Treasury Dealer at 3:30 pm New York time on the
third business day preceding such Redemption Date. On and after the Redemption Date, interest will
cease to accrue on the Senior Notes or any portion of the Senior Notes called for redemption
(unless the Company defaults in the payment of the Redemption Price and accrued interest).

          “Restricted Subsidiary” has the meaning specified in Section 1008.

          “Secured Debt” has the meaning specified in Section 1008.

          “Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to the
semiannual equivalent yield to maturity or interpolated (on a day count basis) of the Comparable
Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of
its principal amount) equal to the Comparable Treasury Price for such Redemption Date.

          “Unrestricted Subsidiary” has the meaning specified in Section 1008.

          (B) By adding the following Section 114 to Article One:

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          Section 114. Consent to Jurisdiction and Service of Process.

     The Company agrees that any legal suit, action or proceeding brought by any
party to enforce any rights under or with respect to the Indenture or the Securities
may be instituted in any state or federal court in The City of New York, State of
New York, and waives to the fullest extent permitted by law any objection which it
may now or hereafter have to the laying of venue of any such suit, action or
proceeding and irrevocably submits to the non-exclusive jurisdiction of any such
court in any such suit, action or proceeding. The Company hereby irrevocably
designates and appoints the Company’s General Counsel as the Company’s authorized
agent to receive and forward on its behalf service of any and all process which may
be served in any such suit, action or proceeding in any such court and agrees that
service of process upon the Company’s General Counsel at his office at the Company,
1050 Caribbean Way, Miami, Florida 33132 and written notice of said service to the
Company, mailed or delivered to the Company’s General Counsel, 1050 Caribbean Way,
Miami, Florida 33132, shall be deemed in every respect effective service of process
upon the Company in any such suit, action or proceeding and shall be taken and held
to be valid personal service upon the Company. Said designation and appointment
shall be irrevocable. Nothing in this Section 114 shall affect the right of any
party to the Indenture to serve process in any manner permitted by law or limit the
right of any party to the Indenture to bring proceedings against the Company in the
courts of any jurisdiction or jurisdictions. The Company further agrees to take any
and all action, including the execution and filing of any and all such documents and
instruments, as may be necessary to continue such designation and appointment of the
Company’s General Counsel in full force and effect so long as the Indenture or any
of the Securities shall be outstanding. To the extent that the Company has or
hereafter may acquire any immunity from jurisdiction of any court or from any legal
process (whether through service of notice, attachment prior to judgment, attachment
in aid of execution, execution or otherwise) with respect to itself or its property,
the Company hereby irrevocably waives such immunity in respect of its obligations
under the Indenture and the Securities, to the extent permitted by law.

          (C) By adding the following Section 115 to Article One:

          Section 115. No Recourse Against Others.

     A director, officer, stockholder or incorporator, as such, of the Company shall
not have any liability for any obligation, covenant or agreement of the Company
under this Indenture or any indenture

- 5 -

 

supplemental hereto or in the Securities or for any claim based on, in respect of or
by reason of such obligation, covenant or agreement or their creation under any rule
of law, statute or constitutional provision or the enforcement of any assessment or
by any legal or equitable proceeding or otherwise. Each Holder by accepting any of
the Securities waives and releases all such liability.

          (D) By adding the following Section 311 to Article Three:

          Section 311. Additional Senior Notes

    
 Senior Notes in the aggregate principal amount of U.S.$300,000,000 are being
initially issued pursuant to this First Supplemental Indenture. The Company may
issue additional Senior Notes under this First Supplemental Indenture (the
“Additional Notes”). The Senior Notes and any Additional Notes subsequently issued
shall be treated as a single class and, unless otherwise specified, all references
to Senior Notes shall include the Additional Notes for all purposes under the
Indenture and this First Supplemental Indenture, including, without limitation,
waivers, amendments, redemptions and offers to purchase.

          (E) By adding the following Section 1008 to Article Ten:

          Section 1008. Restrictions on Secured Debt.

     (a) The Company covenants and agrees that it will not, and will not permit any
Restricted Subsidiary to create, issue, incur, assume or guarantee any Secured Debt
without making effective provision (and the Company covenants that in such case it
will make or cause to be made effective provision) whereby the Senior Notes then
outstanding and any other indebtedness of or guarantee by the Company or such
Restricted Subsidiary then entitled thereto shall be secured by such Mortgage
equally and ratably with (or prior to) any and all other obligations and
indebtedness thereby secured for so long as any such other obligations and
indebtedness shall be so secured, unless after giving effect thereto, the aggregate
amount of all such Secured Debt plus all Attributable Debt of the Company and its
Restricted Subsidiaries in respect of sale and leaseback transactions (as defined in
Section 1009) involving Principal Properties (other than sale and leaseback
transactions permitted by clause (a)(1) of Section 1009 in reliance upon one of the
exclusions set forth in paragraphs (1) through (6) below and clause (a)(2) of
Section 1009) would not exceed 10% of Consolidated Net Tangible Assets; provided,
however, that this Section shall not apply to, and
there shall be excluded from Secured Debt in any

- 6 -

 

computation under this Section,
indebtedness for money borrowed secured by:

          (1) Mortgages existing on the date of this First Supplemental Indenture;

          (2) Mortgages on any real or personal property of any Person, which Mortgages
are existing at the time such Person became a Restricted Subsidiary, which Mortgage
was not incurred in contemplation of such Person becoming a Restricted Subsidiary;

          (3) Mortgages in favor of the Company or any Restricted Subsidiary;

          (4) Mortgages existing on any real or personal property at the time it is
acquired by the Company or a Restricted Subsidiary or created within 18 months after
the date of such acquisition, conditional sale and similar agreements;

          (5) Mortgages on any real or personal property to secure the payment of all or
any part of the purchase price or construction cost thereof or to secure any
indebtedness for money borrowed incurred prior to, at the time of, or within 18
months after the acquisition, the completion of any construction or the commencement
of full operation of such property, for the purpose of financing all or any part of
the purchase price or construction cost thereof; and

          (6) Any extension, renewal or refunding (or successive extensions, renewals or
refundings), as a whole or in part, of any Mortgage referred to in the foregoing
clauses (1) to (5) inclusive; provided the principal amount of such extension,
renewal or refunding may not exceed the principal amount of the Mortgage being
extended, renewed or refunded plus the amount of any premium or other costs paid in
connection with such extension, renewal or refunding.

     (b) “Attributable Debt” is defined as to any particular lease under which any
Person is liable, at the time of determination, the present value (discounted at the
interest rate implicit in the lease or, if not known, at the Company’s incremental
borrowing rate) of the obligations of the lessee of the property subject to such
lease for rental payments during the remaining term of the lease included in such
transaction including any period for which such lease has been extended or may, at
the sole option of the lessor, be extended or until the earliest date on which the
lessee may terminate
such lease without penalty or upon payment of penalty (in which case the

- 7 -

 

rental payments shall include such penalty), after excluding all amounts required to be
paid on account of maintenance and repairs, insurance, taxes, assessments, water,
utilities and similar charges.

     (c) “Consolidated Net Tangible Assets” is defined as (1) the total amount of
assets (less applicable reserves and other properly deductible items) which under
generally accepted accounting principles would be included on a consolidated balance
sheet of the Company and its Restricted Subsidiaries after deducting therefrom,
without duplication, the sum of (i) all current liabilities except for (A) notes and
loans payable, (B) current maturities of long term debt, (C) current maturities of
obligations under capital leases and (D) customer deposits and (ii) all goodwill,
trade names, trademarks, patents, unamortized debt discount and expense and other
like intangibles, which in each case under generally accepted accounting principles
would be included on such consolidated balance sheet, less (2) the amount which
would be so included on such consolidated balance sheet for investments (less
applicable reserves) (i) in Unrestricted Subsidiaries or (ii) in corporations while
they were Unrestricted Subsidiaries but which at the time of computation are not
Subsidiaries of the Company.

     (d) “Mortgage” is defined as and includes any mortgage, pledge, lien, security
interest, conditional sale or other title retention agreement or other similar
encumbrance.

     (e) “Principal Property” is defined as any real or personal property owned or
leased by the Company or any Subsidiary the net book value of which on the date as
of which the determination is being made exceeds 5% of the Company’s Consolidated
Net Tangible Assets.

     (f) “Restricted Subsidiary” is defined as any Subsidiary which owns or leases a
Principal Property and any other Subsidiary which has not been designated an
Unrestricted Subsidiary.

     (g) “Secured Debt” is defined as indebtedness for money borrowed which is
secured by a Mortgage on a Principal Property of the Company or any Restricted
Subsidiary.

     (h) “Unrestricted Subsidiary” is defined as (1) any Subsidiary of the Company
which at the time of determination shall be an Unrestricted Subsidiary (as
designated by the Board of Directors of the Company pursuant to a Board Resolution)
and (2) any Subsidiary of an Unrestricted Subsidiary.

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          (F) By adding the following Section 1009 to Article Ten:

          Section 1009. Restrictions on Sales and Leasebacks.

     (a) Except for a sale or transfer between a Restricted Subsidiary and the
Company or between Restricted Subsidiaries, the Company covenants and agrees that it
will not and will not permit any Restricted Subsidiary to, sell or transfer any
Principal Property owned by the Company or a Restricted Subsidiary, with the
intention that the Company or any Restricted Subsidiary take back a lease thereof,
except a lease for a period, including renewals, of less than three years, by the
end of which period it is intended that the use of such Principal Property by the
lessee will be discontinued (any such transaction being herein referred to as a
“sale and leaseback transaction”) unless either:

          (1) the Company or such Restricted Subsidiary could incur Secured Debt pursuant
to Section 1008 on the Principal Property to be leased in a principal amount equal
to the Attributable Debt with respect to such sale and leaseback transaction without
equally and ratably securing the Senior Notes; or

          (2)(A) the gross proceeds of the sale or transfer of the Principal Property
leased pursuant to such arrangement equals or exceeds the fair market value of such
Principal Property and (B) within one year after such sale or transfer of such
Principal Property shall have been made by the Company or by a Restricted
Subsidiary, the Company applies all of the net proceeds of the sale or transfer of
the Principal Property leased pursuant to such arrangement to (i) the voluntary
retirement of Funded Debt of the Company or any Restricted Subsidiary or (ii) the
acquisition by the Company or a Restricted Subsidiary of one or more properties
which on an aggregate basis have a purchase price in excess of 5% of Consolidated
Net Tangible Assets (other than the Principal Property involved in such sale).

     (b) “Funded Debt” is defined as any indebtedness for money borrowed, created,
issued, incurred, assumed or guaranteed, whether secured or unsecured, maturing more
than one year after the date of determination thereof and any indebtedness,
regardless of its terms, renewable pursuant to the terms thereof or of a revolving
credit or similar agreement effective for more than 360 days after the date of the
creation of indebtedness.

          (G) By adding the following Section 1010 to Article Ten:

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          Section 1010. Maintenance of Properties.

     The Company will cause all material properties owned by the Company or any
Restricted Subsidiary or used or held for use in the conduct of its business or the
business of any Restricted Subsidiary to be maintained and kept in good condition,
repair and working order and supplied with all necessary equipment (except for
ordinary wear and tear) and will cause to be made all necessary repairs, renewals
and replacements thereof, all as in the judgment of the Company may be necessary so
that the business carried on in connection therewith may be properly and
advantageously conducted at all times; provided, however, that nothing in this
covenant shall prevent the Company or any Restricted Subsidiary from discontinuing
the operation or maintenance of any properties if such discontinuation is, in the
judgment of the Company, desirable in the conduct of its business or the business of
any Restricted Subsidiary and not disadvantageous in any material respect to the
Holders of the Senior Notes.

          (H) By adding the following Section 1011 to Article Ten:

          Section 1011. Purchase of Senior Notes upon a Change of Control.

     (a) If a Change of Control Triggering Event occurs, each Holder of the Senior
Notes will have the right to require the Company to repurchase all or any part
(equal to $1,000 and integral multiples of $1,000 in excess thereof) of such
Holder’s Senior Notes at a purchase price in cash equal to 101% of the principal
amount of the Senior Notes plus accrued and unpaid interest, if any, to the date of
purchase (subject to the right of holders of record on the relevant Record Date to
receive interest due on the relevant Interest Payment Date). No purchase in part
shall reduce the principal amount at maturity of the Senior Notes held by any Holder
to below $1,000.

     (b) Within 30 days following any Change of Control Triggering Event, the
Company will mail a notice (the “Change of Control Offer”) to each Holder of the
Senior Notes, with a copy to the Trustee, stating:

          (1) that a Change of Control Triggering Event has occurred and that such Holder
has the right to require the Company to purchase such Holder’s Senior Notes at a
purchase price in cash equal to 101% of the principal amount of such Senior Notes
plus accrued and unpaid interest, if any, to the date of purchase (subject to the
right of Holders of record on a Regular Record Date to receive interest on the
relevant Interest Payment Date) (the “Change of Control Payment”);

- 10 -

 

          (2) the repurchase date (which shall be no earlier than 30 days nor later than
60 days from the date such notice is mailed) (the “Change of Control Payment Date”);

          (3) that the Change of Control Offer is being made pursuant to this Section
1011 and that all Senior Notes properly tendered pursuant to the Change of Control
Offer will be accepted for payment on the Change of Control Payment Date;

          (4) the Change of Control Payment;

          (5) the names and addresses of the Paying Agent and the offices or agencies
referred to in Section 1002;

          (6) that Senior Notes must be surrendered on or prior to the Change of Control
Purchase Date to the Paying Agent at the office of the Paying Agent or to an office
or agency referred to in Section 1002 to collect payment;

          (7) that the Change of Control Payment for any Senior Note which has been
properly tendered and not withdrawn will be paid promptly following the Change of
Control Payment Date;

          (8) other procedures that a Holder must follow to accept a Change of Control
Offer or to withdraw such acceptance of the Change of Control Offer;

          (9) that any Senior Note not tendered will continue to accrue interest; and

          (10) that, unless the Company defaults in the payment of the Change of Control
Payment, any Senior Notes accepted for payment pursuant to the Change of Control
Offer will cease to accrue interest after the Change of Control Payment Date.

In the case of a Change of Control Offer that is notified in accordance with the
foregoing prior to a Change of Control Triggering Event, the Change of Control Offer
may be conditioned on the occurrence of the Change of Control Triggering Event, if a
definitive agreement is in place for the Change of Control at the time of making of
the Change of Control Offer.

     (c) Upon receipt by the Company of the proper tender of Senior Notes, the
Holder of the Senior Note in respect of which such proper tender was made shall
(unless the tender of such Senior Note is properly

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withdrawn) thereafter be entitled to receive solely the Change of Control Payment
with respect to such Senior Note. Upon surrender of any such Senior Note for
purchase in accordance with the foregoing provisions, the Holder of such Senior Note
shall be paid by the Company on the Change of Control Payment Date; provided,
however, that installments of interest whose Stated Maturity is on or prior to the
Change of Control Payment Date shall be payable to the Holders of such Senior Notes,
or one or more Predecessor Securities, registered as such on the relevant Regular
Record Dates according to the terms and the provisions of Section 307. If any
Senior Note tendered for purchase in accordance with the provisions of this Section
1010 shall not be so paid upon surrender thereof, the principal thereof (and
premium, if any, thereon) shall, until paid, bear interest from the Change of
Control Payment Date at the rate prescribed therefor in such Senior Note. Holders
electing to have Senior Notes purchased will be required to surrender such Senior
Notes to the Paying Agent at the address specified in the Change of Control Offer at
least one Business Day prior to the Change of Control Payment Date. Any Senior Note
that is to be purchased only in part shall be surrendered to a Paying Agent at the
office of such Paying Agent (with, if the Company, the Security Registrar or the
Trustee so requires, due endorsement by, or a written instrument of transfer in form
satisfactory to the Company and the Security Registrar or the Trustee, as the case
may be, duly executed by, the Holder thereof or such Holder’s attorney duly
authorized in writing), and the Company shall execute, and the Trustee shall
authenticate and deliver to the Holder of such Senior Note without service charge,
one or more new Senior Notes, of any authorized denomination as requested by such
Holder, in an aggregate principal amount equal to and in exchange for, the portion
of the principal amount of the Senior Note so surrendered that is not purchased.

     (d) On the Change of Control Payment Date, the Company shall, to the extent
lawful, (i) accept for payment Senior Notes or portions thereof (in integral
multiples of $1,000 and integral multiples of $1,000 in excess thereof) properly
tendered pursuant to the Change of Control Offer, (ii) deposit with the Paying Agent
an amount of money in same day funds sufficient to pay the aggregate Change of
Control Payment in respect of all the Senior Notes or portions thereof (in integral
multiples of $1,000 and integral multiples of $1,000 in excess thereof) which have
been so tendered and (iii) deliver or cause to be delivered to the Trustee the
Senior Notes so accepted together with an Officers’ Certificate stating the
aggregate principal amount of the Senior Notes or portions thereof accepted for
payment by the Company. The Paying Agent shall promptly mail to each Holder of the
Senior Notes so tendered the Change of Control Payment for

- 12 -

 

such Senior Notes, and the Company shall execute and the Trustee shall promptly
authenticate and mail (or cause to be transferred by book entry) to such Holders a
new Senior Note equal in principal amount to any unpurchased portion of the Senior
Note surrendered, if any; provided that each such new Senior Note will be in a
principal amount of $1,000 and integral multiples of $1,000 in excess thereof. Any
Senior Notes not so accepted shall be promptly mailed or delivered by the Paying
Agent at the Company’s expense to the Holder thereof. The Company will publicly
announce the results of the Change of Control Offer on the Change of Control Payment
Date.

     (e) A tender made in response to a Change of Control Offer may be withdrawn if
the Company receives, not later than one Business Day prior to the Change of Control
Payment Date, a written notice of withdrawal, specifying, as applicable:

          (1) the name of the Holder;

          (2) the certificate number of the Senior Note in respect of which such notice
of withdrawal is being submitted;

          (3) the principal amount of the Senior Note (which shall be $1,000 and integral
multiples of $1,000 in excess thereof) delivered for purchase by the Holder as to
which such notice of withdrawal is being submitted;

          (4) a statement that such Holder is withdrawing his election to have such
principal amount of such Senior Note purchased; and

          (5) the principal amount, if any, of such Senior Note (which shall be $1,000
and integral multiples of $1,000 in excess thereof) that remains subject to the
original Change of Control Offer and that has been or will be delivered for purchase
by the Company.

     (f) Subject to applicable escheat laws, the Trustee and the Paying Agent shall
return to the Company any cash that remains unclaimed, together with interest or
dividends, if any, thereon, held by them for the payment of the Change of Control
Payment; provided, however, that, (x) to the extent that the aggregate amount of
cash deposited by the Company pursuant to clause (ii) of paragraph (d) above exceeds
the aggregate Change of Control Payment of the Senior Notes or portions thereof to
be purchased, then the Trustee shall hold such excess for the Company and (y) unless
otherwise directed by the Company in writing, promptly after the Business

- 13 -

 

Day following the Change of Control Payment Date the Trustee shall return any such
excess to the Company together with interest, if any, thereon.

     (g) If the Change of Control Payment Date is on or after a Regular Record Date
and on or before the related Interest Payment Date, any accrued and unpaid interest,
if any, will be paid to the person in whose name a Senior Note is registered at the
close of business on such Regular Record Date, and no additional interest will be
payable to Holders who tender pursuant to the Change of Control Offer.

     (h) The Company shall comply, to the extent applicable, with the applicable
tender offer rules, including Section 14(e) under the Exchange Act, and any other
applicable securities laws or regulations in connection with a Change of Control
Offer. To the extent that the provisions of any applicable securities laws or
regulations conflict with the provisions of this Section 1011 (other than the
obligation to make a Change of Control Offer pursuant to this Section 1011), the
Company will comply with the applicable securities laws and regulations and will not
be deemed to have breached its obligations described in this Section 1011 by virtue
thereof.

     (i) Notwithstanding the foregoing, the Company will not be required to make a
Change of Control Offer upon a Change of Control Triggering Event if a third party
makes the Change of Control Offer, in the manner, at the times and otherwise in
compliance with the requirements set forth in this Indenture applicable to a Change
of Control Offer made by the Company and purchases all the Senior Notes validly
tendered and not withdrawn under such Change of Control Offer.

          (I) By adding the following Section 1109 to Article Eleven:

The Company shall have the option to redeem the Senior Notes, in whole or in part,
at any time and from time to time prior to their maturity, on at least 30 but not
more than 60 days’ notice, at a Redemption Price equal to the greater of (i) 100% of
the principal amount of such notes and (ii) the sum of the present values of the
remaining scheduled payments of the principal of and interest on the Senior Notes to
be redeemed (exclusive of interest accrued to the Redemption Date), discounted to
the Redemption Date on a semiannual basis (assuming a 360-day year consisting of
twelve 30-day months) at the Treasury Rate plus 50 basis points plus accrued and
unpaid interest thereon to the Redemption Date.

          (J) By amending the table of contents of the Basic Indenture to reflect the additions
described in subsections (B) through (I) of this Section 1.

- 14 -

 

          SECTION 2. The Basic Indenture, as supplemented and amended by this First Supplemental
Indenture, is in all respects ratified and confirmed, and the Basic Indenture and this First
Supplemental Indenture shall be read, taken and construed as one and the same instrument.

          SECTION 3. If any provision hereof limits, qualifies or conflicts with another provision
hereof which is required to be included in this First Supplemental Indenture by any of the
provisions of the Trust Indenture Act, such required provision shall control.

          SECTION 4. All covenants and agreements in this First Supplemental Indenture by the Company
shall bind its successors and assigns, whether so expressed or not.

          SECTION 5. In case any provision in this First Supplemental Indenture or in the Senior Notes
shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the
remaining provisions (or of the other series of Securities) shall not in any way be affected or
impaired thereby.

          SECTION 6. Nothing in this First Supplemental Indenture, expressed or implied, shall give to
any Person, other than the parties hereto and their successors hereunder, and the Holders of the
Senior Notes any benefit or any legal or equitable right, remedy or claim under this First
Supplemental Indenture.

          SECTION 7. This First Supplemental Indenture and each Senior Note shall be deemed to be a
contract made under the laws of the State of New York and this First Supplemental Indenture and
each such Senior Note shall be governed by and construed in accordance with the laws of the State
of New York.

          SECTION 8. All terms used in this First Supplemental Indenture not otherwise defined herein
that are defined in the Basic Indenture shall have the meanings set forth therein.

          SECTION 9. This First Supplemental Indenture may be executed in any number of counterparts,
each of which shall be an original; but such counterparts shall together constitute but one and the
same instrument.

          SECTION 10. Section 403 and Section 1004 of the Basic Indenture are applicable to the Senior
Notes.

- 15 -

 

          IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to be
duly executed, and their respective corporate seals to be hereunto affixed and attested, all as of
the day and year first above written.

	 	 	 	 	 
	 	ROYAL CARIBBEAN CRUISES LTD.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	THE BANK OF NEW YORK MELLON 

TRUST COMPANY, N.A., as
Trustee

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

First Supplemental Indenture

 

 

	 	 	 	 	 	 	 
	STATE OF

	 	 	)	 	 	 
	 

	 	 	)	 	 	ss.:
	COUNTY OF

	 	 	)	 	 	 

On the                      day of July, 2009, before me personally came                                        
                     , to me known, who,
being by me duly sworn, did depose and say that he is                                          of ROYAL CARIBBEAN
CRUISES LTD., one of the corporations described in and which executed the foregoing instrument;
that he knows the seal of said corporation; that the seal affixed to said instrument is such
corporate seal; that it was so affixed by authority of the Board of Directors of said corporation;
and that he signed his name thereto by like authority.

	 	 	 
	 

	 	 
	 

	 	Name:

Notary Public

State of

My Commission expires on

First Supplemental Indenture

 

 

	 	 	 	 	 	 	 
	STATE OF GEORGIA

	 	 	)	 	 	 
	 

	 	 	)	 	 	ss.:
	COUNTY OF DEKALB

	 	 	)	 	 	 

On the                      day of July, 2009, before me personally came                                        
                     , to me known, who,
being by me duly sworn, did depose and say that he/she is                                          of THE BANK OF NEW
YORK MELLON TRUST COMPANY, N.A., one of the corporations described in and which executed the
foregoing instrument; that he/she knows the seal of said corporation; that the seal affixed to said
instrument is such corporate seal; that it was so affixed by authority of the Board of Directors of
said corporation; and that he/she signed his/her name thereto by like authority.

	 	 	 
	 

	 	 
	 

	 	Name:

Notary Public

State of

My Commission expires on

First Supplemental Indenture

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