Document:

tlrd_Ex10_2

		
			Exhibit 10.2
		

		
			Execution Version
		

		
			This AMENDMENT NO. 3, dated as of [ ], 2019 (this “Amendment”), among TAILORED BRANDS, INC., a Texas corporation (“Parent”), THE MEN’S WEARHOUSE, INC., a Texas corporation (the “Company” or the “Lead Borrower”), each of the other U.S. Subsidiary Borrowers party hereto (together with Parent and the Company, the “U.S. Borrowers”), MOORES THE SUIT PEOPLE INC., a corporation organized under the laws of New Brunswick (the “Canadian Borrower” and together with the U.S. Borrowers, the “Borrowers”), JPMORGAN CHASE BANK, N.A., as Administrative Agent, and JPMORGAN CHASE BANK, N.A. TORONTO BRANCH, as Canadian Administrative Agent, amends that certain Credit Agreement dated as of June 18, 2014, among the Borrowers, the Administrative Agent, the Canadian Administrative Agent and the lenders from time to time party thereto (as amended by the Joinder Agreement dated as of June 18, 2014, Amendment No. 1 dated as of July 28, 2014, the Joinder Agreement effective as of January 31, 2016, the Joinder Agreement dated as of June 30, 2016,  and Amendment No. 2 dated as of October 25, 2017, the “Credit Agreement”).  Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement.
		

		
			W I T N E S S E T H:
		

		
			WHEREAS, the Borrowers, the Lenders party hereto constituting the Required Lenders, the Administrative Agent and the Canadian Administrative Agent have agreed to further amend the Credit Agreement on the terms set forth herein;
		

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

		
			SECTION 1.      Amendments to the Credit Agreement.  The Credit Agreement is hereby amended to delete Section 5.01(f) in its entirety.
		

		
			SECTION 2.      Effectiveness.  This Amendment shall become effective on the date that the Administrative Agent shall have received executed counterparts hereof from the Borrower Representative and Lenders constituting the Required Lenders (the date of such effectiveness, the “Amendment No. 3 Effective Date”).  The Administrative Agent shall notify the Borrowers and the Lenders of the Amendment No. 3  Effective Date, and such notice shall be conclusive and binding.
		

		
			SECTION 3.      Representations and Warranties.  Each Loan Party hereby represents and warrants that (i) the representations and warranties of each Loan Party set forth in the Loan Documents are true and correct in all material respects on and as of the Amendment No. 3 Effective Date; provided that any representation and warranty that (x) is qualified as to “materiality”, “material adverse effect” or similar language is true and correct in all respects (after giving effect to any such qualification therein)) and (y) expressly relates to a given date or period is true and correct in all material respects (or all respects, if qualified as to “materiality” and “material adverse effect”) as of the respective date or for the respective period, as the case may be; provided that those representations and warranties that speak only of a specific date shall only speak as of such date; and (ii) no Default or Event of Default has occurred and is continuing.
		

		
			
		

		
			

		 

		

		
			 
		

		
			SECTION 4.      No other amendments; No novation.  Except as hereby amended, the terms and provisions of the Credit Agreement shall remain in full force and effect.  The parties acknowledge and agree that this Amendment is not and shall not be construed as a novation of the Credit Agreement as in effect prior to the Amendment No. 3  Effective Date, or of any other Loan Document.  Without limiting the foregoing, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders, the Issuing Banks, the other Lender Parties, the Administrative Agent, the Canadian Administrative Agent or the other Secured Parties under any Collateral Document or under the Intercreditor Agreement and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Collateral Documents or the Intercreditor Agreement, all of which are ratified and affirmed in all respects and remain in full force and effect.
		

		
			SECTION 5.      Counterparts.  This Amendment may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.  Delivery of an executed counterpart of a signature page of this Agreement by electronic transmission or other electronic imaging shall be effective as delivery of a manually executed counterpart of this Agreement.
		

		
			SECTION 6.      Applicable Law.  THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS.
		

		
			[Signature pages follow]
		

		
			 
		

		
			 
		

		
			

		 

		

			-2-

		

		

		
			 
		

		
			IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective authorized officers as of the day and year first above written.
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						TAILORED BRANDS, INC., 

				
	
					
						 

					
					
						as Parent and a U.S. Borrower

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Brian T. Vaclavik

				
	
					
						 

					
					
						Name:

					
					
						Brian T. Vaclavik

				
	
					
						 

					
					
						Title:

					
					
						Senior Vice President and Chief Accounting Officer

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						THE MEN’S WEARHOUSE, INC.,

				
	
					
						 

					
					
						as the Company, a U.S. Subsidiary Borrower and the Borrower Representative

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Brian T. Vaclavik

				
	
					
						 

					
					
						Name:

					
					
						Brian T. Vaclavik

				
	
					
						 

					
					
						Title:

					
					
						Senior Vice President and Chief Accounting Officer

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						TWIN HILL ACQUISITION COMPANY, INC.

				
	
					
						 

					
					
						RENWICK TECHNOLOGIES, INC.

				
	
					
						 

					
					
						TMW MERCHANTS LLC

				
	
					
						 

					
					
						MWDC HOLDING INC.

				
	
					
						 

					
					
						K&G MEN’S COMPANY INC.

				
	
					
						 

					
					
						JA APPAREL CORP.

				
	
					
						 

					
					
						NASHAWENA MILLS CORP.

				
	
					
						 

					
					
						JOSEPH ABBOUD MANUFACTURING CORP.

				
	
					
						 

					
					
						JOS. A. BANK CLOTHIERS, INC.

				
	
					
						 

					
					
						THE JOSEPH A. BANK MFG. CO., INC.

				
	
					
						 

					
					
						TAILORED SHARED SERVICES, LLC

				
	
					
						 

					
					
						TAILORED BRANDS PURCHASING LLC

				
	
					
						 

					
					
						TAILORED BRANDS GIFT CARD CO LLC,

				
	
					
						 

					
					
						each as a U.S. Subsidiary Borrower 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Brian T. Vaclavik

				
	
					
						 

					
					
						Name:

					
					
						Brian T. Vaclavik

				
	
					
						 

					
					
						Title:

					
					
						Senior Vice President and Chief Accounting Officer

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						MOORES THE SUIT PEOPLE INC.,

				
	
					
						 

					
					
						as the Canadian Borrower

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Brian T. Vaclavik

				
	
					
						 

					
					
						Name:

					
					
						Brian T. Vaclavik

				
	
					
						 

					
					
						Title:

					
					
						Senior Vice President and Chief Accounting Officer

				

		
			 
		

		
			
		

		
			

		 

		

			[Signature Page - Amendment No. 3 to ABL Credit Agreement]

		

		

		
			 
		

			
					
						 

					
					
						JPMORGAN CHASE BANK, N.A., as Administrative Agent

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Jon Eckhouse

				
	
					
						 

					
					
						 

					
					
						Name:   Jon Eckhouse

				
	
					
						 

					
					
						 

					
					
						Title:     Authorized Officer

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						JPMORGAN CHASE BANK, N.A., TORONTO BRANCH, 

				
	
					
						 

					
					
						as Canadian Administrative Agent

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Auggie Marchetti

				
	
					
						 

					
					
						 

					
					
						Name:   Auggie Marchetti

				
	
					
						 

					
					
						 

					
					
						Title:     Authorized Officer

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						JPMORGAN CHASE BANK, N.A., as a U.S.

				
	
					
						 

					
					
						Revolving Lender, a U.S. Issuing Bank and the U.S.

				
	
					
						 

					
					
						Swingline Lender

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Jon Eckhouse

				
	
					
						 

					
					
						 

					
					
						Name:   Jon Eckhouse

				
	
					
						 

					
					
						 

					
					
						Title:     Authorized Officer

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						JPMORGAN CHASE BANK, N.A., TORONTO BRANCH,

				
	
					
						 

					
					
						as a Canadian Revolving Lender, a Canadian Issuing Bank

				
	
					
						 

					
					
						and the Canadian Swingline Lender

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Auggie Marchetti

				
	
					
						 

					
					
						 

					
					
						Name:   Auggie Marchetti

				
	
					
						 

					
					
						 

					
					
						Title:     Authorized Officer

				

		
			 
		

		
			
		

		
			

		 

		

			[Signature Page - Amendment No. 3 to ABL Credit Agreement]

		

		

		
			 
		

		
			LENDER SIGNATURE PAGE
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						Wells Fargo Bank, N.A.

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						as a U.S. Revolving Lender

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Brendan Hogan

				
	
					
						 

					
					
						Name:

					
					
						Brendan Hogan

				
	
					
						 

					
					
						Title:

					
					
						Assistant Vice President

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						If a second signatory is necessary:

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						Wells Fargo Capital Finance Corporation Canada

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						as a Canadian Revolving Lender

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ David G. Phillips

				
	
					
						 

					
					
						Name:

					
					
						David G. Phillips

				
	
					
						 

					
					
						Title:

					
					
						Senior Vice President

				

		
			 
		

		
			
		

		
			

		 

		

			[Signature Page - Amendment No. 3 to ABL Credit Agreement]

		

		

		
			 
		

		
			LENDER SIGNATURE PAGE
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						Bank of America, N.A.

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						as a U.S. Revolving Lender

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Andrew Cerussi

				
	
					
						 

					
					
						Name:

					
					
						Andrew Cerussi

				
	
					
						 

					
					
						Title:

					
					
						Senior Vice President

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						If a second signatory is necessary:

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						Bank of America, N.A., (acting through its Canada Branch

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						as a Canadian Revolving Lender

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Sylwia Durkiewicz

				
	
					
						 

					
					
						Name:

					
					
						Sylwia Durkiewicz

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				

		
			 
		

		
			
		

		
			

		 

		

			[Signature Page - Amendment No. 3 to ABL Credit Agreement]

		

		

		
			 
		

		
			LENDER SIGNATURE PAGE
		

			
					
						 

					
					
						U.S. Bank National Association

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						as a U.S. Revolving Lender

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Carol Anderson

				
	
					
						 

					
					
						Name:

					
					
						Carol Anderson

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						U.S. Bank National Association, acting through its Canada Branch,

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						as a Canadian Revolving Lender

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ John Rehob

				
	
					
						 

					
					
						Name:

					
					
						John Rehob

				
	
					
						 

					
					
						Title:

					
					
						Vice President & Principal Officer

				

		
			 
		

		
			
		

		
			

		 

		

			[Signature Page - Amendment No. 3 to ABL Credit Agreement]

		

		

		
			 
		

		
			LENDER SIGNATURE PAGE
		

			
					
						 

					
					
						Regions Bank

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						as a U.S. Revolving Lender

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Connie Ruan

				
	
					
						 

					
					
						Name:

					
					
						Connie Ruan

				
	
					
						 

					
					
						Title:

					
					
						Director

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						Regions Bank

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						as a Canadian Revolving Lender

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ John Rehob

				
	
					
						 

					
					
						Name:

					
					
						John Rehob

				
	
					
						 

					
					
						Title:

					
					
						Vice President & Principal Officer

				

		
			 
		

		 

		

			[Signature Page - Amendment No. 3 to ABL Credit Agreement]tlrd_Ex10_3

		
			Exhibit 10.3
		

		
			 
		

		
			SECOND AMENDMENT
		

		
			TO THE
		

		
			TAILORED BRANDS, INC. 2016 LONG-TERM INCENTIVE PLAN
		

		
			BACKGROUND
		

		
			A.        Tailored Brands, Inc., a Texas corporation (the “Company”), previously adopted and currently maintains the Tailored Brands, Inc. 2016 Long-Term Incentive Plan (the “2016 LTIP”) for the benefit of (1) employees of the Company and its affiliates, (2) certain persons who have agreed to become employees of the Company and its affiliates, (3) non-employee directors of the Company, and (4) consultants who render services to the Company or its affiliates.
		

		
			B.        With the approval of its shareholders, the Company previously amended the 2016 LTIP pursuant to the provisions of the First Amendment to the Tailored Brands, Inc. 2016 Long-Term Incentive Plan to (1) expand the definition of Preexisting Plan to apply to the Men’s Warehouse, Inc. 1996 Long-Term Incentive Plan, (2) increase the number of shares of common stock available for issuance under the 2016 LTIP, (3) revise the 2016 LTIP’s share recirculation provision, and (4) impose a minimum vesting requirement on all Awards under the 2016 LTIP.
		

		
			C.        The Company now desires to further amend the 2016 LTIP to remove the time period for establishing a Performance Goal applicable to a Covered Employee which was previously required to satisfy the now repealed requirements of the “performance-based exception” under Section 162(m) of the Code (this “Amendment”).
		

		
			D.        Section 13.1 of the 2016 LTIP permits the Board to adopt this Amendment without the approval of the Company’s shareholders.
		

		
			E.         For purposes of the 2016 LTIP and this Amendment, all capitalized terms used in this Amendment which are not otherwise defined herein shall have the respective meanings given to such terms in the 2016 LTIP.
		

		
			AMENDMENT
		

		
			1.         Amendment to 2016 LTIP.  Section 9.3 of the 2016 LTIP shall be deleted in its entirety and such section shall be reserved for future use.
		

		
			2.         Effective Date; Construction.  This Amendment shall be deemed to be a part of the 2016 LTIP as of the date adopted by the Board.  In the event of any inconsistency between the provisions of the 2016 LTIP and this Amendment, the provisions of this Amendment shall control.  Except as modified by this Amendment, the 2016 LTIP shall continue in full force and effect without change.
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						TAILORED BRANDS, INC.

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Laurel Pies

				
	
					
						 

					
					
						Name:

					
					
						Laurel Pies

				
	
					
						 

					
					
						Title:

					
					
						SVP Compensation and Benefits

				
	
					
						 

					
					
						Date:

					
					
						June 4, 2019

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