Document:

EX-10.5

 Exhibit 10.5 

THE SECURITY REPRESENTED HEREBY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR REGISTERED OR QUALIFIED UNDER ANY APPLICABLE STATE
SECURITIES LAW AND MAY NOT BE SOLD, TRANSFERRED, PLEDGED, HYPOTHECATED OR OTHERWISE ASSIGNED EXCEPT IN COMPLIANCE WITH THE REGISTRATION REQUIREMENTS OF SUCH ACT AND THE REGISTRATION OR QUALIFICATION REQUIREMENTS OF SUCH STATE SECURITIES LAWS OR
PURSUANT TO AN EXEMPTION FROM SUCH REGISTRATION AND QUALIFICATION. 
 VINCE INTERMEDIATE HOLDING, LLC. 

PROMISSORY NOTE 
  

			
	 $[        ]
	  	 [            ], 2013

(the “Date of Issuance”)

 For value received, Vince Intermediate Holding, LLC, a Delaware limited liability company (the
“Maker”), hereby promises to pay immediately to the order of Kellwood, LLC, a Delaware limited liability company (the “Payee”), the principal amount of $[        ].
Capitalized terms used herein but not otherwise defined shall have the meanings ascribed to them in the Transfer Agreement (as defined below). 

This promissory note (this “Note”) is issued in connection with the consummation of the transactions contemplated by that
certain Transfer Agreement (the “Transfer Agreement”), dated as of [            ], 2013, by and between Maker and Payee, pursuant to which the Maker will acquire the Equity
Interests from Payee as of the Closing. Immediately upon the cash payment in full of all amounts due to Payee under this Note, this Note shall be surrendered to the Maker and marked “cancelled”. 

In the event the Maker fails to pay any amounts due hereunder (in accordance with Section 6.01(a) of the Transfer Agreement) immediately
on the date of issuance, the Maker shall pay to the holder hereof, in addition to the amounts due hereunder, all costs of collection or enforcement of this Note, including reasonable attorneys fees. 

The Maker, and its successors and assigns, hereby waive diligence, presentment, protest and demand and notice of protest, demand, dishonor and
nonpayment of this Note, and expressly agree that this Note, or any payment hereunder, may be extended from time to time and that the holder hereof may accept security for this Note or release security for this Note, all without in any way affecting
the liability of the Maker hereunder. 
 This Note shall be governed by the internal laws, not the laws of conflicts, of the State of
Delaware. 

*        *        *       
 * 

 IN WITNESS WHEREOF, the Maker has executed and delivered this Note on the Date of Issuance. 

 

			
	VINCE INTERMEDIATE HOLDING, LLC.
		
	By:	 	  

	Name:
	Its:

 Signature Page to Promissory Note of Vince Intermediate Holding, LLC.EX-10.13

 Exhibit 10.13 

KELLWOOD HOLDING CORP. 

FIRST AMENDMENT TO BANK OF MONTREAL 

LOAN AUTHORIZATION AGREEMENT 

Bank of Montreal 
 Chicago, Illinois 

Ladies and Gentlemen: 
 Reference is hereby made
to that certain Bank of Montreal Loan Authorization Agreement dated as of February 13, 2008 (the Bank of Montreal Loan Authorization Agreement as the same may be amended from time to time, being referred to herein as the “Loan
Agreement”), between the undersigned, Kellwood Holding Corp. (formerly known as Cardinal Integrated, LLC), a Delaware corporation (the “Borrower”), and Bank of Montreal (the “Bank”). All capitalized terms
used herein without definition shall have the same meanings herein as such terms have in the Loan Agreement. 
 The Borrower has requested
that the Bank decrease the amount of Maximum Credit under the Loan Agreement and make certain amendments to the Loan Agreement to reflect this decrease. The Bank is willing to do so under the terms and conditions set forth in this agreement (herein,
the “Amendment”). 
 SECTION 1. AMENDMENTS. 

Subject to the satisfaction of all of the conditions precedent set forth in Section 3 below, the Loan Agreement shall be and hereby is
amended as follows: 
 1.1. The amount “$370,000,000” shall be deleted in each place it appears in the Loan Agreement and
shall be replaced with the amount “$76,000,000”. 
 1.2. Exhibit A to the Loan Agreement shall be amended and restated in
its entirety in the form of Exhibit A attached hereto. 
 SECTION 2. NEW NOTE. 

In replacement for that certain Promissory Note payable to the order of Bank of Montreal dated as of February 13, 2008 in the principal
amount of $370,000,000 (the “Previous Note”), the Borrower shall execute and deliver to the Bank a new demand note in the amount of $76,000,000, dated as of the date of its issuance and otherwise in the form of Exhibit A attached
hereto (the “New Note”) which shall substitute for the Bank’s Previous Note and shall evidence the loans outstanding to the Bank. All references in the Loan Agreement to the Note shall be deemed references to the New Note. 

 SECTION 3. CONDITIONS PRECEDENT. 

3.1. The Borrower and the Bank shall have executed and delivered this Amendment and the executed New Note. 

3.2. The Bank shall have received copies (executed or certified, as may be appropriate) of all legal documents or proceedings taken in
connection with the execution and delivery of this Amendment to the extent the Bank or its counsel may reasonably request. 
 3.3. Legal
matters incident to the execution and delivery of this Amendment shall be reasonably satisfactory to the Bank and its counsel. 
 3.4. Sun
Capital Partners V, L.P. shall have executed and delivered to the Bank its consent to this Amendment in the form set forth below and the First Amendment to Guaranty. 

SECTION 4. REPRESENTATIONS. 

In order to induce the Bank to execute and deliver this Amendment, the Borrower hereby represents to the Bank that as of the date hereof the
representations and warranties set forth in the Loan Agreement are and shall be and remain true and correct in all material respects except to the extent such representations and warranties relate to a particular date, in which case they are true
and correct in all material respects as of such date, and the Borrower is in compliance with the terms and conditions of the Loan Agreement. 

SECTION 5. MISCELLANEOUS. 

5.1. Except as specifically amended herein, the Loan Agreement shall continue in full force and effect in accordance with its original terms.
Reference to this specific Amendment need not be made in the Loan Agreement, the Note, or any other instrument or document executed in connection therewith, or in any certificate, letter or communication issued or made pursuant to or with respect to
the Loan Agreement, any reference in any of such items to the Loan Agreement being sufficient to refer to the Loan Agreement as amended hereby. 

5.2. This Amendment may be executed in any number of counterparts, and by the different parties on different counterpart signature pages, all
of which taken together shall constitute one and the same agreement. Delivery of a counterpart by facsimile or electronic transmission shall constitute delivery of an original counterpart hereunder. Any of the parties hereto may execute this
Amendment by signing any such counterpart and each of such counterparts shall for all purposes be deemed to be an original. This Amendment shall be governed by the internal laws of the State of Illinois. 

[SIGNATURE PAGETO FOLLOW] 

  
 -2- 

 This First Amendment to Bank of Montreal Loan Authorization Agreement is entered into as of this
2nd day of May, 2008. 
  

			
	 KELLWOOD HOLDING CORP.

		
	 By:
	 	 /s/ Jason Bernzweig

			
	 Printed Name:
	 	Jason Bernzweig
	 Its:  Vice President

 Accepted and agreed to this 2nd day of May, 2008.

  

			
	BANK OF MONTREAL
		
	 By:
	 	  

 
			
	 Name:
	 	
	 Its:
	 	

 [Signature Page to First Amendment to Loan Authorization Agreement] 

 This First Amendment to Bank of Montreal Loan Authorization Agreement is entered into as of this
2nd day of May, 2008. 
  

			
	KELLWOOD HOLDING CORP.
		
	By:	 	  

 
			
	Printed Name:	 	
	Its:	 	

 Accepted and agreed to this 2nd day of May, 2008.

  

			
	BANK OF MONTREAL
		
	By:	 	 /s/ Brett M. Sanchez

			
	Name:	 	Brett M. Sanchez
	Its:	 	Vice President

 [Signature Page to First Amendment to Loan Authorization Agreement] 

 GUARANTOR’s ACKNOWLEDGEMENT AND
CONSENT 
 The undersigned, Sun Capital Partners V, L.P., heretofore executed and delivered to the Bank a Guaranty dated
as of February 13, 2008 (as amended from time to time, the “Guaranty”). The undersigned hereby consents to the First Amendment to Bank of Montreal Loan Authorization Agreement as set forth above and confirms that the Guaranty
and all of the undersigned’s obligations thereunder remain in full force and effect. The undersigned further agrees that the consent of the undersigned to any further amendments to the Loan Agreement shall not be required as a result of this
consent having been obtained, except to the extent, if any, required by the Guaranty. 
  

			
	SUN CAPITAL PARTNERS V, L.P.
		
	By:	 	Sun Capital Advisors V, L.P., its general partner
		
	By:	 	Sun Capital Partners V, Ltd., its general partner

 
			
		
	By:	 	 /s/ Marc J. Leder

			
	Printed Name:	 	Marc J. Leder
	Its:	 	Director and Co-CEO

 [Signature Page to Guarantor’s Acknowledgement and Consent] 

 EXHIBIT A 

REPLACEMENT PROMISSORY NOTE 

 

			
	 $76,000,000.00
	 	May 2, 2008

 ON AUGUST 13, 2008, for value received, the undersigned, KELLWOOD HOLDING CORP. (formerly known as Cardinal
Integrated, LLC), a Delaware corporation, promises to pay to the order of BANK OF MONTREAL (the “Bank”) at its offices at 115 South LaSalle Street, Chicago, Illinois, the principal sum of Seventy-Six Million and 00/100 Dollars
($76,000,000.00) or, if less, the principal amount of Loans outstanding under the Bank of Montreal Loan Authorization Agreement referred to below together with interest payable at the times and at the rates and in the manner set forth in the Bank of
Montreal Loan Authorization Agreement referred to below. 
 This Note evidences borrowings by and other extensions of credit for the account
of the undersigned under that certain Bank of Montreal Loan Authorization Agreement dated as of February 13, 2008, as amended from time to time, between the undersigned and the Bank; and this Note and the holder hereof are entitled to all the
benefits provided for under the Bank of Montreal Loan Authorization Agreement, to which reference is hereby made for a statement thereof. This Note may be declared to be, or be and become, due prior to its expressed maturity, voluntary prepayments
(with or without premium or penalty) may be made hereon, and certain prepayments may be required to be made hereon, all in the events, on the terms, and with the effects provided in the Bank of Montreal Loan Authorization Agreement. The undersigned
hereby waives presentment and notice of dishonor. The undersigned agrees to pay to the holder hereof all court costs and other reasonable expenses, legal or otherwise, incurred or paid by such holder in connection with the collection of this Note.
It is agreed that this Note and the rights and remedies of the holder hereof shall be construed in accordance with and governed by the laws of the State of Illinois. 

This Note is issued in substitution and replacement for, and evidences all of the indebtedness previously evidenced by, that certain
Promissory Note of Cardinal Integrated, LLC dated as of February 13, 2008, payable to the Bank in the face principal amount of $370,000,000.00. 

[SIGNATURE PAGETO FOLLOW] 

 
			
	KELLWOOD HOLDING CORP.
		
	By:	 	  

 
			
	Printed Name:	 	
	Its:

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