Document:

Joinder Agreement

 Exhibit 4.1 
  

JOINDER AGREEMENT 
  
 October 12, 2005 
  
 Wachovia Bank, National Association, as Agent 
 1133 Avenue of the Americas 
 New York, New York 10036 
 Attn: Portfolio Manager 
  
 Re: J. Crew Group, Inc. et al. 
  
 Ladies and Gentlemen: 
  
 Wachovia Bank, National Association, successor by merger to Congress
Financial Corporation, in its capacity as agent (in such capacity, “Agent”) pursuant to the Loan Agreement (as hereinafter defined), acting for and on behalf of the parties thereto as lenders (individually, each a “Lender” and
collectively, “Lenders”), and the Lenders have entered into financing arrangements with J. Crew Operating Corp., a Delaware corporation (“Operating”), J. Crew Inc., a New Jersey corporation (“J. Crew”), Grace Holmes,
Inc., a Delaware corporation doing business as J. Crew Retail (“Retail”), H.F.D. No. 55, Inc., a Delaware corporation doing business as J. Crew Factory (“Factory”, and together with J. Crew, Retail and Operating, each
individually a “Borrower” and collectively, “Borrowers”), J. Crew Group, Inc., a New York corporation (“Parent”), J. Crew International, Inc. (“JCI”), and J. Crew Intermediate LLC, a Delaware limited liability
company (“Intermediate”, and together with Parent and JCI, each individually a “Guarantor” and collectively, “Guarantors”), pursuant to which Lenders (or Agent on behalf of Lenders) have made and may make loans and
advances and provide other financial accommodations to Borrowers as set forth in the Amended and Restated Loan and Security Agreement, dated December 24, 2004, by and among Agent, Lenders, Borrowers and Guarantors, as amended by Amendment
No. 1 to Amended and Restated Loan and Security Agreement dated as of October 10, 2005 (as the same now exists or may hereafter be further amended, modified, supplemented, extended, renewed, restated or replaced, the “Loan
Agreement”, and together with the agreements, documents and instruments at any time executed and/or delivered in connection therewith or related thereto, including this Joinder Agreement, collectively, the “Financing Agreements”).

  
 This Joinder Agreement is executed and delivered by J. Crew
Group, Inc., a Delaware corporation (“New Guarantor”), in favor of Agent and each Lender. 
  
 1. Definitions. For purposes of this Joinder Agreement, all capitalized terms used herein shall have the meanings assigned thereto in the Loan
Agreement, unless otherwise defined herein. 
  
 2. Assumption
and Acknowledgment. 
  
 (a) Ratification and
Assumption. New Guarantor as the surviving corporation of the respective Mergers hereby expressly assumes, ratifies, restates and confirms the Obligations 
  

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 and the Financing Agreements to which Parent and Intermediate are parties or by which Parent or Intermediate or their
respective properties are bound and New Guarantor confirms and ratifies its assumption of the Obligations and such Financing Agreements pursuant to the Mergers, the Merger Documents and by operation of law and its continuing liability in respect
thereof as the surviving corporation of the Mergers. Without limiting the generality of the foregoing, (i) New Guarantor agrees to perform, comply with and be bound by all terms, conditions and covenants of the Loan Agreement and the other
Financing Agreements applicable to Parent and Intermediate and as applied to each of Parent and Intermediate with the same force and effect as if New Guarantor had originally executed and been an original Guarantor party signatory to the Loan
Agreement and the other Financing Agreements and (ii) New Guarantor is deemed to make as of the date hereof, and is, in all respects, bound by, all representations, warranties and covenants made by a Guarantor set forth in the Loan Agreement or
in any of the other Financing Agreements. 
  
 (b) Continuing
Liability. New Guarantor, as the surviving corporation pursuant to the Mergers, shall continue to be directly and primarily liable in all respects for the Obligations of each of Parent and Intermediate arising prior to the date hereof.

  
 (c) Continuation of Security Interests. Agent shall
continue to have valid and perfected security interests, liens and rights in and to all of the Collateral owned and acquired by New Guarantor from Parent and Intermediate, as the surviving corporation of the Mergers, and all such Collateral,
together with all assets and properties owned by New Guarantor after the Mergers of the types and categories constituting Collateral shall be deemed included in the Collateral and such security interests, liens and rights and their perfection and
priorities have continued and shall continue in all respects in full force and effect. The security interests and liens of Agent in the Collateral so owned and acquired by New Guarantor shall be deemed to be continuously granted and perfected from
the earliest date of the granting and perfection of such liens and security interest on the Collateral to Agent by Parent and Intermediate under the Loan Agreement and the other Financing Agreements. 
  
 (d) No Adverse Effect on Rights of Agent or Lenders. Without limiting
the generality of the foregoing, (i) none of the transactions contemplated by the Merger Documents shall in any way limit, impair or adversely affect the Obligations or any security interests or liens in any assets or properties securing the
same, and (ii) the security interests, liens and rights of Agent in and to the assets and properties of New Guarantor, as the surviving corporation of the Mergers, have continued and upon and after the consummation of the Mergers shall continue
to secure all Obligations of New Guarantor and the predecessor owners of such assets and properties, as the case may be, in addition to all other existing and future Obligations of New Guarantor. 
  
 3. Conditions Precedent. The joinder of New Guarantor provided for
herein shall be effective as of the date hereof, but only upon the satisfaction of each of the following conditions precedent, in a manner reasonably satisfactory to Agent: 
  
 (a) Agent shall have received a counterpart of this Joinder Agreement, duly executed and delivered by New Guarantor and
Borrower Agent; and 
  

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 (b) Agent shall have received, in form and substance satisfactory to Agent, evidence that Agent will have
a valid perfected first priority security interest in all of the Collateral of New Guarantor upon the filing of a UCC financing statement naming Agent, as secured party, and New Guarantor, as debtor. 
  
 4. Representations, Warranties and Covenants. New Guarantor hereby
represents, warrants and covenants with and to Agent and Lenders as follows, which representations, warranties and covenants are continuing and shall survive the execution and delivery hereof, and the truth and accuracy of, or compliance with each,
together with the representations, warranties and covenants in the other Financing Agreements, being a continuing condition of the making of Loans by Lenders to Borrowers: 
  
 (a) the execution, delivery, and performance of this Joinder Agreement and any other Financing Agreements to which New
Guarantor is party are within its corporate powers, and have been duly authorized by all necessary corporate action, and do not and will not (i) to the best of New Guarantor’s knowledge, violate any provision of federal, state, or local
law or regulation, organizational documents of New Guarantor, or any order, judgment, or decree of any court or other Governmental Authority binding on New Guarantor, (ii) conflict with, result in a breach of, or constitute (with due notice or
lapse of time or both) a default under any Material Contract of New Guarantor, (iii) result in or require the creation or imposition of any Lien of any nature whatsoever upon any properties or assets of New Guarantor, any Borrower or any other
Guarantor, other than the Permitted Liens, or (iv) require any approval of the holders of the Capital Stock of New Guarantor, or any approval or consent of any Person under any Material Contract of New Guarantor, other than those already
obtained prior to the effective date hereof; 
  
 (b) this Joinder
Agreement and the other agreements, documents and instruments to be executed and/or delivered by New Guarantor in connection herewith or related hereto and any and all other Financing Agreements to which New Guarantor is made party hereunder
constitute its legal, valid, and binding obligations, enforceable against New Guarantor in accordance with their respective terms; 
  
 (c) each other representation and warranty applicable to New Guarantor as a Person comprising a Guarantor under the Financing Agreements is and will be
true and correct as of the date hereof, excluding any representations and warranties which specifically relate to an earlier date. 
  
 5. Binding Effect. This Joinder Agreement is binding upon and enforceable against New Guarantor, Agent and Lenders and their successors and assigns
and shall inure to the benefit of and may be enforced by Agent and Lenders and their respective successors and assigns. 
  
 6. Notices. Notices to New Guarantor shall be given in the manner set forth in the Loan Agreement. 
  
 7. Further Assurances. New Guarantor shall execute and deliver to
Agent all agreements, documents and instruments that Agent may reasonably request, in form and substance reasonably satisfactory to Agent, to perfect and continue perfected Agent’s security interests in and liens upon the Collateral and in
order to fully consummate all of the transactions contemplated under this Joinder Agreement and the Financing Agreements. 
  

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 8. Governing Law. The validity, interpretation and enforcement of this Joinder Agreement and any
dispute relating thereto between the parties hereto, whether in contract, tort, equity or otherwise, shall be governed by the internal laws of the State of New York, without regard to principles of conflicts of laws, but excluding any rule of law
that would cause the application of the law of any jurisdiction other than the laws of the State of New York. 
  
 9. Counterparts. This Joinder Agreement may be executed in any number of counterparts, each of which shall be an original, but all of which taken
together shall constitute one and the same agreement. Delivery of an executed counterpart of this Joinder Agreement by telefacsimile or other electronic method of transmission shall have the same force and effect as the delivery of an original
executed counterpart of this Joinder Agreement. Any party delivering an executed counterpart of this Joinder Agreement by telefacsimile or other electronic method of transmission shall also deliver an original executed counterpart, but the failure
to do so shall not affect the validity, enforceability or binding effect of this Joinder Agreement. 
  
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
  

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 IN WITNESS WHEREOF, the parties hereto have duly executed this Joinder Agreement, as of the date first
above written. 
  

			
	J. CREW GROUP, INC.
		
	By:	 	 /s/ James S. Scully

	 	 	James S. Scully, EVP & CFO

  

			
	ACKNOWLEDGED AND AGREED:
	
	 J. CREW OPERATING CORP.,
as Borrower Agent

		
	By:	 	 /s/ James S. Scully

	 	 	James S. Scully, EVP & CFO
	
	 WACHOVIA BANK, NATIONAL ASSOCIATION,
as Agent

		
	By:	 	 /s/ Jason Searle

	Title:	 	Jason Searle, Associate

  

 5First Supplemental Indenture

 Exhibit 4.2 
  

EXECUTION 
  

 FIRST SUPPLEMENTAL INDENTURE 
  
 to 
 INDENTURE 
 Dated as of March 18, 2005 
  
 by and among 
  
 J. CREW GROUP, INC. 
  
 as New Guarantor 
  
 and

  
 J. CREW OPERATING CORP. 
  
 as Issuer 
  
 and 
  
 GRACE HOLMES, INC. d/b/a J. CREW RETAIL, H.F.D. NO 55, INC. d/b/a 
 J. CREW FACTORY, J. CREW, INC., and J. CREW INTERNATIONAL, 
 INC. 
  
 as Holdover Guarantors 
  
 and 
  
 U.S. BANK NATIONAL ASSOCIATION 
  
 as Trustee 
  
 Dated as of October 17, 2005 
  

 FIRST SUPPLEMENTAL INDENTURE 
  
 FIRST SUPPLEMENTAL INDENTURE (this “First Supplemental Indenture”), dated as of October 17, 2005, among J. CREW GROUP, INC.,
a corporation duly organized and existing under the laws of Delaware (the “New Guarantor”), J. CREW OPERATING CORP. (the “Issuer”), U.S. BANK NATIONAL ASSOCIATION (the “Trustee”), and GRACE HOLMES, INC. d/b/a
J.CREW RETAIL, H.F.D. NO 55, INC. d/b/a J. CREW FACTORY, J. CREW, INC. and J. CREW INTERNATIONAL, INC., as guarantors (the “Holdover Guarantors”). 
  
 W I T N E S S E T H 
  
 WHEREAS, the Issuer has heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of March 18, 2005, providing for the
issuance of 9 3/4% Senior Subordinated Notes due 2014 (the “Notes”) guaranteed by the Holdover
Guarantors and J. CREW INTERMEDIATE LLC (the “Predecessor Guarantor”) pursuant to a note guarantee, dated as of March 18, 2005 (the “Note Guarantee”); 
  
 WHEREAS, the Predecessor Guarantor and the New Guarantor have entered into the Agreement of Merger dated October 11, 2005 (the
“Merger Agreement”), and the New Guarantor has executed and filed in Delaware a certificate to cause the occurrence of the merger described in the Merger Agreement (the “Merger”). The effective date of the Merger was
October 11, 2005 and by operation of the Merger (i) the Predecessor Guarantor was merged with and into the New Guarantor and (ii) the New Guarantor became responsible for and subject to all obligations and entitled to the rights of
the Predecessor Guarantor under the Indenture and the Notes; 
  
 WHEREAS, the
Merger is permitted under Section 12.03 of the Indenture and the New Guarantor has executed this First Supplemental Indenture to comply with the requirements of Section 12.03; and 
  
 WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute
and deliver this First Supplemental Indenture. 
  
 NOW THEREFORE, in consideration
of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the New Guarantor and the Trustee mutually covenant and agree for the equal and ratable benefit of the holders of the Notes as follows:

  
 1. CAPITALIZED TERMS. Capitalized terms used
herein without definition shall have the meanings assigned to them in the Indenture. 
  
 2. ASSUMPTION OF GUARANTEE. The New Guarantor hereby expressly assumes all the obligations of the Predecessor Guarantor under the Indenture and the Note Guarantee endorsed by the Predecessor
Guarantor upon the Notes and the due and punctual performance of all the covenants and conditions of the Indenture to be performed by the Predecessor Guarantor. 
  

3. AGREEMENT TO GUARANTEE. The New Guarantor hereby agrees to provide an unconditional Guarantee on the terms and subject
to the conditions set forth herein and in the Indenture, including but not limited to Article 12 thereof. 

 4. EFFECT OF THE SUPPLEMENTAL INDENTURE. This
First Supplemental Indenture supplements the Indenture and shall be a part, and subject to all the terms, thereof. Except as expressly supplemented hereby, the Indenture, the Notes and the Note Guarantees issued thereunder shall continue in full
force and effect. 
  
 5. NO RECOURSE
AGAINST OTHERS. No past, present or future director, officer, employee, incorporator, stockholder or agent of the New Guarantor, as such, shall have any liability for any obligations of the Issuer or any Guarantor under
the Notes, any Note Guarantee, the Indenture or this First Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all
such liability. The waiver and release are part of the consideration for issuance of the Notes. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the Commission that such a waiver is
against public policy. 
  
 5. NEW YORK
LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS FIRST SUPPLEMENTAL INDENTURE BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO
THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 
  
 6. COUNTERPARTS. The parties may sign any number of copies of this First Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 

 
 7. EFFECT OF HEADINGS. The Section headings
herein are for convenience only and shall not affect the construction hereof. 
  
 8. THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this First Supplemental Indenture or for or in respect of the recitals contained
herein, all of which recitals are made solely by the New Guarantor and the Issuer. 
  
 [Signature page follows] 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to be duly executed as of the date
first stated above. 
  

			
	 J. CREW GROUP, INC.

	         as New Guarantor

		
	 By:
	 	 /s/ James S. Scully

	 Name:
	 	 James S. Scully

	 Title:
	 	 EVP & CFO

	
	 J. CREW OPERATING CORP.
         as Issuer

		
	 By:
	 	 /s/ James S. Scully

	 Name:
	 	 James S. Scully

	 Title:
	 	 EVP & CFO

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

	         as Holdover Guarantor

		
	 By:
	 	 /s/ James S. Scully

	 Name:
	 	 James S. Scully

	 Title:
	 	 EVP & CFO

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

	         as Holdover Guarantor

		
	 By:
	 	 /s/ James S. Scully

	 Name:
	 	 James S. Scully

	 Title:
	 	 EVP & CFO

  

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	 J. CREW, INC.

	         as Holdover Guarantor

		
	 By:
	 	 /s/ James S. Scully

	 Name:
	 	 James S. Scully

	 Title:
	 	 EVP & CFO

	
	 J. CREW INTERNATIONAL, INC.
         as Holdover Guarantor

		
	 By:
	 	 /s/ Nicholas Lamberti

	 Name:
	 	 Nicholas Lamberti

	 Title:
	 	 VP

	
	 U.S. BANK NATIONAL ASSOCIATION
         as Trustee

		
	 By:
	 	 /s/ Philip G. Kane, Jr.

	 Name:
	 	 Philip G. Kane, Jr.

	 Title:
	 	 Vice President

  

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