Document:

EX-10.2

 

Exhibit 10.2

LICENSE AGREEMENT BETWEEN VCM AND RVLI

     This License Agreement (“Agreement”), effective January 23, 2008, is entered into by and
between Value City of Michigan, Inc., a Michigan corporation, located and doing business at 36901
Warren Road, Westland, Michigan 48185 (“VCM”) and Retail Ventures Licensing, Inc., a Delaware
corporation, located and doing business at 3241 Westerville Road, Columbus, Ohio 43224 (“RVLI”).

     WHEREAS, RVLI desires to obtain a license from VCM under the trademarks, trade names and
symbols set out in Exhibit A hereto (“the Marks”) solely for use in connection with the goods set
out in Exhibit B hereto (“the Goods”); and

     WHEREAS, VCM desires to license RVLI under the Marks solely for use in connection with the
Goods.

     NOW, THEREFORE, the parties hereby agree as follows:

     1. For valuable consideration, the receipt and sufficiency of which is hereby acknowledged,
VCM hereby grants to RVLI a perpetual, non-exclusive, non-transferable, royalty-free license to use
the Marks and to enjoy the goodwill symbolized thereby in connection with the marketing, promotion,
distribution, offer for sale and sale of the Goods, such license to be valid only within the United
States (the “Territory”).

     2. Upon prior written notice to VCM, this Agreement is assignable, and the Marks and
registrations thereof and applications therefor sublicensable, by RVLI to its affiliates, including
Filene’s Basement, Inc. RVLI may also assign this Agreement to a purchaser of substantially the
entire of any of Retail Ventures, Inc.’s retail department store businesses. RVLI must notify VCM
of the assignment in writing, and any such assignee must expressly agree in writing in a form
satisfactory to VCM to be bound by

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the terms of this Agreement. Other than as provided herein, RVLI may not assign or sublicense
the license granted in this Agreement. This Agreement is freely assignable by VCM.

     3. RVLI and its sub-licensee(s) shall use the Marks solely in connection with the Goods, and
to such additional goods as VCM agrees, at its sole discretion and upon written request by RVLI, to
be added to Exhibit B.

     4. If, after the Marks are placed into use, RVLI and/or its sub-licensee(s) cease or intend to
cease use of any of the Marks for more than forty-five (45) days, RVLI shall notify VCM of that
decision in writing. If, after the Marks are placed into use, RVLI and/or its sub-licensee(s)
cease to use of any of the Marks for more than forty-five (45) days, the license with respect to
such Mark(s) shall be terminated.

     5. RVLI acknowledges that the continued maintenance of the significance and value of the Marks
and their associated goodwill, the continued maintenance of the quality standards, and the
merchandising of products associated with the Marks, are all essential elements of the license
granted herein. Accordingly, RVLI agrees:

     a. that it will maintain the quality of all goods sold under the Marks at the same level as
are being maintained as of the effective date of this Agreement, that it will do nothing that will
degrade or bring into ill repute any of the Marks, that the goods sold under the Marks shall meet
quality specifications supplied by VCM, if any, and that it shall in all reasonable ways aid VCM to
exercise quality control over the Goods sold by RVLI under the Marks;

     b. VCM, or its duly authorized representatives, shall have the right upon reasonable notice
during regular business hours, not to exceed once per calendar year per

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facility, to inspect the retail and manufacturing business operations of RVLI and/or its
sub-licensee(s) to the extent they relate to the Goods being marketed, distributed, offered for
sale and/or sold under the Marks for compliance with the quality specifications, such inspection to
be at VCM’s expense; and

     c. all products made available under the Marks shall be manufactured, sold, marketed,
advertised and rendered in compliance with all applicable laws, rules and regulations.

     6. In the event VCM determines, through an inspection or otherwise, that RVLI and/or its
sub-licensee(s) are not in compliance with the quality requirements of paragraph 5 of this
Agreement, including the requirement that RVLI will do nothing that will degrade or bring into ill
repute any of the Marks, VCM shall notify RVLI in writing of the determination and specify the
basis of the determination. RVLI shall have sixty (60) days from receipt of the written notice in
which to correct the non-compliance identified in the written notice. In the event RVLI and/or its
sub-licensee(s) fail to correct the non-compliance within sixty (60) days, VCM has the right, but
not the obligation, to terminate this Agreement, such termination to be provided in writing.

     7. RVLI acknowledges VCM’s exclusive ownership of, and the validity of, the Marks, and agrees
that it will not, during the term of this Agreement or thereafter, contest or question VCM’s
ownership of, or the validity of, the Marks. RVLI also acknowledges that any such rights, and all
goodwill relating to the Marks, which may arise in connection with RVLI’s use of the Marks shall
inure to the benefit of and be the property of VCM. RVLI further agrees not to register or attempt
to register any of the Marks, or any derivative or confusingly similar mark thereto, anywhere in
the world.

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     8. Whenever requested by VCM during the Agreement, RVLI and/or its sub-licensee(s) shall
execute such documents or applications VCM may deem necessary to confirm VCM’s ownership of all
such rights, to maintain the validity of the Marks, or to obtain or maintain registrations thereof.

     9. In the event RVLI and/or its sub-licensee(s) wish to use a variation or derivative of one
of the Marks, RVLI shall immediately notify VCM in writing of the variation or derivative. If VCM
agrees to such a variation or derivative, such agreement not to be unreasonably withheld, such
variation or derivative shall be added to the Marks, and Exhibits A and B hereto shall be amended,
as appropriate, to include such variation or derivative under this Agreement and the license to
RVLI.

     10. Subject to the provisions of paragraph 6 of this Agreement, if RVLI breaches any of the
terms and/or conditions of this Agreement, VCM shall provide written notice of the breach to RVLI.
If the breach is not cured within thirty (30) days from receipt of such notice, VCM shall have the
right, but not the duty, to terminate this Agreement, such termination to be provided in writing.

     11. RVLI hereby indemnifies and holds harmless VCM and its shareholders, officers, directors
and employees from and against any and all claims, actions, liabilities, losses, and damages
(including, without limitation, costs and expenses and reasonable attorneys’ fees and
disbursements) from third parties arising from (a) the use by RVLI of any of the Marks, (b) RVLI’s
use of any letter, word, symbol, character, design or the like on, affixed to, or used in
connection with Goods other than the Marks by RVLI or its sublicensees, (c) any alleged defects in
the Goods sold under any of the Marks or in the material or workmanship thereof, or inaccurate or
deceptive labeling on or in connection

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with, the Goods sold under any of the Marks, and (d) any nonconformity to or non-compliance
with any laws pertaining to the design, manufacture, quality, safety, advertising, promotion or
marketing of any of the Goods sold under any of the Marks. VCM shall provide written notice to
RVLI of any such indemnification within a reasonable time of learning of any event giving rise to
such indemnification obligation.

     12. THE MARKS ARE LICENSED ON AN “AS-IS” BASIS, AND VCM MAKES NO, AND HEREBY EXPRESSLY
DISCLAIMS ANY AND ALL WARRANTIES WITH RESPECT THERTO, INCLUDING, WITHOUT LIMITATION, WARRANTIES OF
TITLE, NON-INFRINGEMENT, MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE.

     13. Any notice required to be given pursuant to this Agreement shall be in writing and
forwarded by certified or registered mail, return receipt requested, or delivered by a courier
service, such as Federal Express, DHL, or the like, and shall be sent to the parties at the
addresses and to the individuals listed below:

As to VCM

President

Value City Holdings, Inc.

3241 Westerville Road

Columbus, Ohio 43224

As to RVLI

Julie A. Davis, Esq.

Retail Ventures, Inc.

3241 Westerville Road

Columbus, Ohio 43224

Any notice sent in accordance with the above shall for all purposes be deemed to be fully given by
a party upon the earlier of actual receipt or after three (3) business days. The

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individuals and addresses set forth above can be changed by either party pursuant to written notice
as provided in this paragraph.

     14. This Agreement shall be governed by and interpreted under the laws of the State of Ohio
without reference to principles of conflict of laws. Any controversy arising out of this Agreement
shall be resolved in a federal or state court of competent jurisdiction located in the State of
Ohio, City of Columbus. The parties consent to jurisdiction in such courts and waive any objection
to such venue.

     15. RVLI recognizes that the Marks possess a special and unique character which makes
difficult the assessment of monetary damages which VCM might sustain by an unauthorized use of the
Marks. RVLI recognizes and agrees that irreparable injury would be caused by RVLI’s unauthorized
use, and that injunctive and other relief, in law and equity, would be appropriate in the event of
a breach of this Agreement by RVLI.

     16. This Agreement is a complete statement of all agreements among the parties with respect to
its subject matter. Any amendment, modification, alteration, change or waiver, including changes
to any of the Exhibits hereto, must be in writing signed by both parties.

     17. If any provision of this Agreement is for any reason declared to be invalid or
unenforceable, the validity of the remaining provisions shall not be affected thereby.

     18. This Agreement shall be construed without regard to any presumption or any other rule
requiring construction against the party causing this Agreement or any part thereof to be drafted.

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

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     IN WITNESS WHEREOF, the parties have executed this Agreement effective                                         ,
2008.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	VALUE CITY OF MICHIGAN, INC	 	 	 	RETAIL VENTURES LICENSING, INC.	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By

	 	 	 	 	 	 
	 	By
	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	James A. McGrady
	 	 	 	 	 	Name:
	 	James A. McGrady	 	 
	 

	 	Title:
	 	Executive Vice President, Chief
Financial Officer, Treasurer
and Secretary
	 	 	 	 	 	Title:
	 	Vice President	 	 

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EXHIBIT A

Marks and Federal Registrations and Applications

	 	 	 	 	 
	Mark	 	Application No.	 	Registration No.
	TODAY’S LIVING
	 	76/261,834
	 	3,059,244
	TODAY’S LIVING
	 	76/977,232
	 	2,929,520
	TODAY’S LIVING
	 	76/976,800
	 	2,872,455
	TODAY’S LIVING
	 	76/976,288
	 	2,826,251
	TODAY’S LIVING
	 	76/975,660
	 	2,768,042
	TODAY’S LIVING
	 	76/975,259
	 	2,805,664
	PREMIER HOTEL LINENS
	 	78/664,795	 	 
	CREATIVE LIFESTYLES
	 	76/977,228
	 	2,929,518
	CREATIVE LIFESTYLES
	 	76/976,805
	 	2,877,939
	CREATIVE LIFESTYLES
	 	76/976,281
	 	2,826,249
	CREATIVE LIFESTYLES
	 	76/975,662
	 	2,832,922
	OUTDOORS BY TODAY’S LIVING
	 	76/559,045
	 	2,965,831
	ALPINE RIDGE
	 	77/093,153	 	 
	ALPINE RIDGE
	 	75/928,498
	 	2,579,709
	ALPINE RIDGE
	 	75/928,483
	 	2,499,088
	ALPINE RIDGE
	 	75/737,400
	 	2,579,321
	CHEF’S HELPER
	 	76/977,838
	 	3,066,472
	CHEF’S HELPER
	 	76/978,589
	 	3,275,971
	CHEF’S HELPER
	 	76/541,064	 	 
	BBQ CLASSICS
	 	76/612,967
	 	2,184,734
	BARBECUE CLASSICS
	 	75/167,791
	 	2,184,734
	COACH AND FOUR

	 	77/017,958
	 	0,581,571
	COACH AND FOUR
	 	77/017,973	 	 
	COACH AND FOUR
	 	71/633,531
	 	0,581,571
	FREE FALL
	 	78/722,971
	 	3,349,727
	FREE FALL
	 	73/582,912
	 	1,410,638
	HOLIDAY MAGIC BY WONDERLAND
TRADITIONS
	 	78/977,490	 	 
	HOLIDAY MAGIC BY WONDERLAND
TRADITIONS
	 	78/667,366	 	 
	INTIMATE SECRETS
	 	78/857,986
	 	3,327,632
	INTIMATE SECRETS
	 	75/341,737
	 	2,195,611

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	Mark	 	Application No.	 	Registration No.
	J. D. CHRISTOPHER
	 	75/371,891
	 	2,299,257
	LUCA ROSSI
	 	76/569,246
	 	3,022,468
	MAZZONI
	 	75/414,191
	 	2263818
	MAZZONI
	 	77/061,036	 	 
	MAZZONI
	 	76/624,393
	 	3,069,906
	WONDERLAND TRADITIONS
	 	74/703,246
	 	2,067,780
	WONDERLAND TRADITIONS
	 	75/222,765
	 	2,286,915
	WITCH’S HAUNT
	 	75/165,507
	 	2,159,620
	CI CLUB INTERNATIONAL
	 	76/607,093	 	 
	CLUB INTERNATIONAL
	 	73/495,224
	 	1,453,246
	U.S.A. CLASSICS
	 	75/979,351
	 	2,365,350
	U.S.A. CLASSICS
	 	75/978,443
	 	2,280,142
	FLORENZI
	 	74/389,832
	 	1,845,683
	FLORENZI
	 	75/735,819
	 	2,519,119
	FLORENZI
	 	76/559,653
	 	2,895,022
	MERRY GO ROUND KIDS
	 	75/287,826
	 	2,327,082
	IOU
	 	74/389,833
	 	1,852,453
	ROSEMARY & IVY
	 	75/155,096
	 	2,098,396
	VILLAGE GARDENER
	 	75/201,097
	 	2,154,321
	VILLAGE GARDENER
	 	75/201,096
	 	2,127,874
	VILLAGE GARDENER
	 	75/200,985
	 	2,155,738
	VILLAGE GARDENER
	 	75/200,983
	 	2,127,872
	VILLAGE GARDENER
	 	75/060,685
	 	2,102,148
	AUTUMN TAPESTRY
	 	78/667,435	 	 
	MEMPHIS BLUES
	 	76/604,000
	 	2,259,855
	MEMPHIS BLUES
	 	75/287,844
	 	2,259,855
	SUSSEX CLOCK WORKS
	 	78/909,085
	 	3,354,302
	STACY LEWIS
	 	76/493,692	 	 
	T. EDWARDS
	 	75/287,801
	 	2,251,812
	THERMA PLUSH
	 	78/897,916	 	 

EXHIBIT B

Goods For Which The Marks Are Licensed

	 	 	 
	Mark	 	Goods/Services
	TODAY’S LIVING

	 	Decorative water fountains and
waterfalls, chair pads; pillows,
namely, bath pillows; bathroom
mirrors; clothes

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	Mark	 	Goods/Services
	 

	 	hangers; nonmetal
clothes hooks; shower curtain rods;
nonmetal shower curtain rings; shoe
racks and garment racks; masquerade
masks for decorative purposes of
cold cast resin, fabric, bone,
ivory, plaster, plastic, wax and
wood; brushes, namely, nail,
eyebrow; sponges for household
purposes; tub stoppers; plungers for
clearing blocked drains; candle
accessories, namely, candle rings,
and candle snuffers not of precious
metal; plastic laundry baskets;
shower caddies; towel bars; clothes
drying racks; shoe trees; ironing
boards; shaped ironing board covers
and pads; home furnishings and
housewares, namely, cookware,
namely, woks, non-electric pressure
cookers; storage containers, namely,
stainless steel pump pots; fabric
covers for kitchen appliances; wood
floral sticks with attachments for
making artificial floral
arrangements; decorative tassels and
cords; plastic and rubber mats,
namely bath mats, carpet remnants,
and textile welcome mats; rugs,
namely bath rugs, area rugs, rag
rugs, oriental rugs, dhurrie rugs,
braided rugs, and kitchen rugs Live
floral items, namely garlands,
wreaths, basket arrangements, swags,
candle rings, vines, bushes and
stems, and ficus trees, live floral
items, namely, centerpieces and
bouquets, and topiaries, framed art
pictures and prints, toilet paper
holders, textile and vinyl table
napkins; fabric table runners;
decorator rounds and toppers for
tables made of lace and/or fabric,
artificial floral items, namely,
garlands, wreaths, centerpieces,
basket arrangements, bouquets,
swags, candle rings, vines, bushes
and stems, topiaries, and ficus
trees, Brushes, namely, hair and
cosmetic brushes; glass table tops;
non-metal decorative curio boxes;
figurines of earthenware, porcelain
or terra cotta; candle accessories,
namely, candle jars; home
furnishings and housewares, namely,
cookware, namely, roasters and
steamers, tea kettles; decanters;
cake plates; gravy boats; porcelain
and china ornaments; wooden, glass
and plastic coasters; plates;
breadboxes; buckets; butter dishes;
casserole dishes; crocks; ice
buckets; salad sets consisting of
various-sized bowls and serving
salad tongs; kitchen utensils,
gadgets and serving sets, namely,
spoons, ladles, spatulas, turners,
ice cream scoopers, tongs, graters,
basters, corn cob holders; kitchen
containers, namely, recipe boxes;
canister sets; kitchen caddies;
cutlery trays; napkin holders; spice
racks; banana trees; cookie
stampers; storage containers,
*namely,* carafes, and bottles sold
empty; ceramic pump pots and
carafes; wicker goods, namely,
portable meal tray tables, vases,
and urns; decorative gifts of china,
crystal, Toiletries, namely, shower
gel, body lotion, room fragrances,
bubble bath, non-medicated bath
salts, aromatherapy oils, body oils;
soap, namely face soap, deodorant
soap, skin soap, shaving soap,
antibacterial soap,

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	Mark	 	Goods/Services
	 

	 	beauty soap; and
potpourri ,earthenware, glass,
porcelain or terra cotta, namely,
birdcages, and items in the shapes
of cars, planes, and animals;
portable ice chests for food and
beverages; masquerade masks for
decorative purposes of ceramic, clay
dough, china, crystal, earthenware,
glass, porcelain and terra cotta,
window decorations, namely,
curtains; bedding, namely, homemade
quilts, pillow shams, bed spreads,
bed-in-a-bag, comforters, duvet
covers, dust ruffles, mattress pads,
bedding protectors, pillow
protectors; fabric tub mats; table
cloths not of paper; furniture
throws; fabric, namely, cotton
fabric, woolen fabric, nylon fabric,
polyester fabric, and rayon fabric;
vinyl place mats, lighting, namely,
floor, table, desk lamps, pillows,
namely, toss pillows, floor pillows,
and bed pillows; window blinds;
window shades; picture frames;
shelves; cabinets; decorative gifts
made of wood and polyresin, namely,
general purpose decorative storage
cases, jewelry cases, and wooden
animals; drapery hardware, namely,
brackets sold as a unit and
individually, Figurines made of
stoneware, Kitchen cutlery, namely
flatware, knives, forks, spoons,
butcher knives, and kitchen knives;
non-electric can openers; carving
sets, consisting of various-sized
knives, Nautical-theme home decor
items of common metal, namely,
two-dimensional and
three-dimensional models in the
shape of fish, light houses, boats,
figurines made of metal, brass and
copper, Wall decor, namely, wall
mirrors and accent furniture; wall
plaques; figurines of wood and
polyresin; wood boxes; wood tables;
nautical-theme wooden and polyresin
home decor items, namely, wood fish,
model lighthouses, model boats,
wooden signs; laundry hampers made
of plastic, wicker, metal, or mesh;
drapery hardware, namely, drapery
rods, curtain rods, sconces, sold as
a unit and individually, and
planters; decorative trays not of
precious metal; candlesticks and
candleholders not of precious metal;
sconces not of precious metal; home
furnishings and housewares, namely,
bakeware, cookware, namely pans,
pots, carafes, dinnerware,
beverageware, ceramic serveware,
namely, mugs, non-electric thermal
insulate food and beverage
containers not of precious metal;
containers for food, namely, cookie
jars; cutting boards; carving
boards; bowls; paper towel holders;
waste baskets, wicker planters,
wicker goods, namely, baskets,
chests and wine baskets, Window
decorations, namely, draperies;
bedding, namely, blankets, bed
sheets and bed sheet sets, blanket
throws; towels; wash cloths; towel
ensembles, Candles, in the form of
pillars, votives, tapers, tea
lights, balls, glow candles, and
imbedded candles, namely novelty,
basic, aromatherapy, and candle
sets.
	 
	 	 
	PREMIER HOTEL LINENS

	 	Bed pillows; plastic facial tissue
box covers; bathroom accessories,
namely, bathroom glass holders not
of

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	Mark	 	Goods/Services
	 

	 	precious metal, drinking glasses,
beverageware, plastic cups, drinking
vessels, mugs, soap dishes,
toothbrush holders, lotion
containers with dispensing pumps,
ceramic facial tissue box covers,
wastebaskets, covers for spare
toilet paper roll, and toilet paper
holders; bed and bath linens,
namely, bed sheets, comforters,
throws, blankets, towels, face
cloths, bath rugs, mattress pads,
and pillow cases; bath rugs
	 
	 	 
	CREATIVE LIFESTYLES

	 	Garment bags for storage; laundry
bags, Toilet seats; electric fans;
and lighting, namely, wall, ceiling,
and desk lamps; shower heads,
decorative water fountains and
waterfalls; electric bread warmers;
electric pressure cookers, chair
pads; pillows, namely, toss pillows,
floor pillows, bath pillows, and bed
pillows; window blinds; window
shades; picture frames; clothes
hangers; wall decor, namely wall
mirrors; wall plaques; wood boxes;
laundry hampers made of plastic,
metal, or mesh; nonmetal clothes
hooks; shower curtain rods; nonmetal
shower curtain rings; shelves;
cabinets; decorative gifts made of
wood and polyresin, namely, jewelry
cases; shoe racks; drapery hardware,
namely, drapery rods, curtain rods,
brackets, sconces, sold as a unit
and individually; masquerade masks
for decorative purposes of cold cast
resin, fabric, bone, ivory, plaster,
plastic, wax and wood, wicker goods,
namely, baskets and wine baskets,
laundry hampers made of wicker,
Figurines made of stoneware,
lighting, namely, floor, and table
lamps, imbedded candles, namely
aromatherapy candles, clocks,
garment racks, candle accessories,
namely, candle jars, towel bars,
bedding, namely, bed-in-a-bag, wash
cloths, mirrors; accent furniture;
figurines of wood and polyresin;
wood tables; nautical-theme wooden
and polyresin home decor items,
namely wood fish, model lighthouses,
model boats, wooden signs;
decorative gifts made of wood and
polyresin, namely, general purpose
decorative storage cases and wooden
animals, artificial floral items,
namely garlands, wreaths,
centerpieces, basket arrangements,
bouquets, swags, candle rings,
vines, bushes and stems, topiaries
and ficus trees, candles, in the
form of pillars, votives, tapers,
tea lights and candle sets,
nautical-theme home decor items of
common metal, namely two-dimensional
and three-dimensional models in the
shape of fish, lighthouses, boats,
and non-luminous and non-mechanical
metal signs; figurines made of
metal, brass, and copper, decorative
gifts made of paper mache, namely
paper mache gift boxes
	 
	 	 
	OUTDOORS BY TODAY’S LIVING

	 	Metal shepherd crooks with hooks
used for supporting lawn
decorations; non-luminous,
non-mechanical metal signs; and
metal planters, Lantern with
citronella candle sold as a unit,
and lanterns, Patio umbrellas,
Stepping stones, decorative garden
stones shaped like people and

Page 5 of 10

 

	 	 	 
	Mark	 	Goods/Services
	 

	 	animals, garden figurines made of
stone and concrete; non-luminous,
non-mechanical signs made of wood,
wood fencing and edging, wooden
garden stakes; benches, patio
furniture, fitted protective patio
furniture covers, metal stand; and
wind chimes, portable
thermally-insulated coolers for food
and beverage, bird feeders, bird
houses and bird baths, reusable
plastic cubes filled with freezable
material for cooling beverages,
plastic drinking cups, mugs and
plastic cups with straws, metal
plant holders, watering cans,
gardening gloves, and mesh dinner
plate covers, Patio torches,
Non-metal awning with supports.
	 
	 	 
	ALPINE RIDGE

	 	Men’s, women’s, and children’s
clothing, namely, jeans, shirts,
coats, jackets, snowsuits,
sweatsuits, sweatshirts, sweaters,
vests, parkas, gloves, mittens,
socks, shoes, hats and scarves,
backpacks, tote bags, and wallets,
small suit cases and travel bags,
children’s clothing, namely,
children’s pants, jerseys, shirts,
underwear and thermals, Camping
gear, namely, sleeping bags and
inflatable air mattresses, Tents;
portable gazebos of fabric; portable
gazebos of plastic; awnings; and
fabric canopies.
	 
	 	 
	CHEF’S HELPER

	 	Kitchen housewares, namely, cutting
boards and bakeware; cookware,
namely, steamers, steamer inserts,
saucepans, non-electric griddles,
frying pans, metal cooking pans,
glass cooking pans, cooking pots,
pot lids, non-electric coffee pots;
and household kitchen utensils,
namely, napkin holders, towel
holders, banana hangers, trivets,
strainers, turners, tongs, whisks,
basters, bottle openers, pot and pan
scrapers, spatulas, graters,
colanders, scoops, salt and pepper
shakers, cookie presses, cookie
cutters, sifters, ladles, garlic
presses, basting brushes, mixing
bowls, rolling pins, wine cork
screws, sieves, funnels, spice
racks, coaster sets comprising
coasters not of linen or paper,
wooden mixing and serving spoons,
serving forks, pepper grinders,
non-electric salad spinners, and
wine racks, cutlery, including
kitchen cutlery; hand-operated food
choppers; pizza cutters; parers; and
non-electric can openers, measuring
cups, measuring spoons; and meat
thermometers, non-metal key holders;
and non-metal clips for closing
snack bags
	 
	 	 
	BBQ CLASSICS

	 	Patio candles; colored fire torches,
patio accessories, namely, fitted
plastic covers for metal propane gas
tanks, patio accessories, namely,
fitted plastic covers for umbrellas,
patio accessories, namely, fitted
plastic covers for furniture
	 
	 	 
	BARBECUE CLASSICS

	 	Barbecue tools, namely, tongs and
forks, barbecue grills, electric
lighting fixtures for the patio, and
fitted plastic covers for barbecue
grills, patio accessories, namely,
fitted plastic covers for patio
furniture, patio accessories,
namely, fitted plastic covers for
metal propane gas tanks, patio
accessories, namely, fitted plastic
covers for umbrellas,

Page 6 of 10

 

	 	 	 
	Mark	 	Goods/Services
	 

	 	barbecue
tools, namely, spatulas, brushes for
basting foods, brushes for cleaning
grills, and cooking skewers.
	 
	 	 
	COACH AND FOUR

	 	Handbags, wallets, purses, tote
bags, luggage, and small leather
goods, namely, clutch purses,
leather key cases and credit card
cases, gloves, hats, dresses, pants,
skirts, jackets, coats, shirts,
blouses, vests, shorts and sweaters,
belts and men’s ties, cuff links,
handkerchiefs, ladies and misses
shoes made of leather, suede,
canvas, fabric or compositions and
combinations.
	 
	 	 
	FREE FALL

	 	Clothing, namely, pants, shorts,
T-shirts, and woven shirts, sweaters
and sweatshirts.
	 
	 	 
	CLUB INTERNATIONAL

	 	Men’s clothing, namely suits, pants,
jackets, sweaters, coats, shirts,
socks and undergarments.
	 
	 	 
	U. S. A. CLASSIC

	 	Clothing, namely, shirts, sweaters,
skirts, blouses, dresses, shorts,
pants, jeans, coats, jackets,
overalls, shortalls, hats, clothing
belts, socks and hosiery, duffle
bags.

Page 7 of 10

 

	 	 	 
	Mark	 	Goods/Services
	HOLIDAY MAGIC BY 

WONDERLAND
TRADITIONS

	 	Christmas theme figurines and statuary made of wood,
plastic, fabric and resin in the form of Santas,
snowmen, nutcrackers, carolers, reindeer, corner
kids, sleighs, wreaths, birdhouses, bears, moose and
reindeer, elves, gingerbread people, angels, Mrs,
Claus, candy canes and nativities; Christmas theme
ornamental sculptures made of wood for indoor/outdoor
decor; Christmas theme ornamental sculptures of
non-precious metal for indoor/outdoor decor, namely,
wind chimes, plaques and decorative fireplace
screens; and plastic hooks and hangers including
wreath hangers, all for hanging decorations,
Christmas theme figurines and statuary of common
metal, namely, Santas, kings, soldiers, snowmen,
reindeer, stars, sleighs, stockings, and angels;
Christmas theme ornamental sculptures of non-precious
metal for indoor/outdoor décor, namely, non-luminous
and non-mechanical metal signs and baskets of common
metal; Christmas tins of metal; metal hooks and metal
hangers for wreaths, Electric lighted wooden figure
stands; Christmas electric light sets resembling
icicles; electric candles; Christmas theme ornamental
sculptures of non-precious metal for indoor/outdoor
décor, namely, candle lanterns and oil lanterns;
electric Christmas light strings and replacement
bulbs; lighted Christmas garlands; lighted plastic,
polyresin, wood, and ceramic figurines; and lighted
Christmas tree toppers, Christmas theme figurines of
terra cotta in the form of Santas, snowmen,
nutcrackers, carolers, reindeer, corner kids, and
nativities, Boxed Christmas cards; Christmas theme
plastic window decals for decorating windows; tissue
paper; Christmas theme and winter theme figurines
made out of paper mache; Christmas theme chalk boards
for home use; gift bags made from paper, fabric and
plastic; Christmas card holders made of fabric;
decorative boxes made of cardboard; advent calendars
made of wood; and Christmas theme gift wrapping
paper, Pet clothing, namely, hats and vests; and pet
accessories, namely, collars, Jars for holding
candles; candle holders not made of precious metals;
Christmas theme figurines of glass and ceramic in the
form of Santas, snowmen, nutcrackers, carolers,
reindeer, corner kids, and nativities; Christmas
theme planters made of terra cotta; Christmas theme
ornamental sculptures of non-precious metal for
indoor/outdoor decor, namely, bird houses; and
Christmas theme baskets made of wood, Unfitted
novelty chair covers and Christmas theme hanging
figures and flags, all made of fabric, Santa suits
and hats.
	 
	 	 
	INTIMATE SECRETS

	 	Female clothing, namely, sleepwear, loungewear,
gowns, shirts and robes, bras and panties.
	 
	 	 
	J. D. CHRISTOPHER

	 	Men’s suits, sport coats, pants, shirts, and
all-weather coats.

Page 8 of 10

 

	 	 	 
	Mark	 	Goods/Services
	LUCA ROSSI

	 	Suits, sport coats, slacks, all-weather coats,
topcoats, overcoats, and suit separates, namely, suit
jackets, suit pants and suit vests.
	 
	 	 
	MAZZONI

	 	Dress shirts, knit sport shirts, sweaters, ties,
suits, sport coats, slacks, top coats and raincoats.
	 
	 	 
	WONDERLAND TRADITIONS

	 	Christmas-theme figurines of common metal, namely,
Santas, snowmen, reindeer and stars; ornamental
sculptures in the form of Christmas-theme greetings
made of non-precious metal, Christmas-theme figurines
of wood, plastic or wicker, namely, Santas, snowmen,
reindeer and stars; water-ball snow globes;
ornamental sculptures in the form of Christmas-theme
greetings made of wood, plastic, straw, and wicker,
Christmas tree ornaments; Christmas garlands;
artificial Christmas trees; artificial Christmas
wreaths.
	 
	 	 
	WITCH’S HAUNT

	 	paper and plastic Halloween face masks; party favors
in the nature of small toys; plastic, paper, and
cardboard toy pumpkins; and toy party wind socks,
Halloween products, namely, paper treat bags,
cardboard skeletons, stickers, paper and cardboard
banners and posters, Halloween costumes, Halloween
decorations, namely, plastic figurines, and plastic
trees with plastic Halloween-theme ornaments
suspended from the branches thereof.
	 
	 	 
	CI CLUB INTERNATIONAL

	 	Luggage sets, duffle bags, garment bags, briefcases,
backpacks, totes, travel bags, and handbags.
	 
	 	 
	FLORENZI

	 	Luggage, duffle bags, garment bags for travel, tote
bags, travel bags, athletic bags, beach bags,
overnight bags, cosmetic and toiletry cases sold
empty, knapsacks, luggage tags, suitcases;
briefcases, attache cases, book bags, school bags,
business and credit card cases, briefcase-type
portfolios; backpacks, waistpacks, handbags, purses,
wallets, billfolds, shoulder bags, clutch purses, key
cases, coin purses, diaper bags, and infant carriers
worn on the body, Women’s clothing, namely, pants,
shirts, blouses, and jackets, Watches sold to
discount stores, outlet stores and off-price retail
stores, men’s clothing; namely, shirts, sweaters,
jeans, pants, jackets.
	 
	 	 
	MERRY GO ROUND KIDS

	 	Children’s, infants’ and toddlers’ clothing, namely,
shirts, pants, shorts, hats, jumpsuits, overalls,
shortalls, sweaters, jackets, coats, jeans, warm-up
suits, rompers, swimwear, sweatshirts, sweatpants and
coveralls.
	 
	 	 
	I. O. U.

	 	Clothing, namely, shirts, pants, skirts, sweaters,
jackets, socks, shoes, knit tops, blouses, coats,
blazers, sweatshirts, ties, belts.
	 
	 	 
	ROSEMARY & IVY

	 	Female clothing, namely, sleepwear, loungewear, robes
and dresses.
	 
	 	 
	VILLAGE GARDENER

	 	Hand-operated garden tools, namely, pruners, loppers,
rakes, shovels, picks, spades, hedgers, trimmers,
hoes, sprayers, lawn, watering, and garden hoses; and
hose mending kits consisting primarily of plastic
hose

Page 9 of 10

 

	 	 	 
	Mark	 	Goods/Services
	 

	 	connectors, metal hose fittings and connectors;
metal cans sold empty and metal lids for cans; metal
broom handles; brass lawn ornaments; figures and
sculptures made of non-precious metal; hand-operated
garden hose reels and holders, all of common metal,
hose and plastic spray nozzles; garbage cans,
all-purpose portable household containers, containers
not of precious metal for household use and non-metal
cans sold empty; lawn sprinklers; garden
hose-attached sprayers; and bird feeders and bird
houses, non-metal hand-operated hose reels; non-metal
broom handles; plastic lids for cans; and plastic
hose fittings and connectors; plastic figures,
statues and figurines.
	 
	 	 
	AUTUMN TAPESTRY

	 	Fragrances for personal use, Figurines and desktop
statuary of common metal; ornamental sculptures for
indoor/outdoor décor made of non-precious metal,
non-luminous and non-mechanical metal signs; baskets
of common metals, Candle lanterns, Figurines and
desktop statuary made of wood, raffia, fabric and
resin; ornamental sculptures for indoor/outdoor décor
made of wood and plastic; wall plaques; picture
frames not of precious metal; non-metal lawn stakes;
decorative plastic flags, Candle holders not made of
precious metals; figurines of glass and porcelain;
signs and suncatchers made of stained glass; planters
for flowers and plants; baskets made of wood.
	 
	 	 
	MEMPHIS BLUES

	 	Girls’ and women’s clothing, namely, jeans, jackets,
shorts, sweatshirts, sweat pants, tops, bottoms,
dresses, sweaters, jumpsuits and footwear, men’s
clothing and accessories, namely, jeans.
	 
	 	 
	SUSSEX CLOCK WORKS

	 	Clocks.
	 
	 	 
	STACY LEWIS

	 	Clothing, namely, men’s suits, sport coats, pants,
dress shirts, and ties.
	 
	 	 
	T. EDWARDS

	 	Men’s clothing and accessories, namely, pants, ties.
	 
	 	 
	THERMA PLUSH

	 	Bed blankets and throws.

Page 10 of 10EX-10.55.1

 

Exhibit 10.55.01

ASSIGNMENT AND ASSUMPTION OF LEASE AGREEMENT

          THIS ASSIGNMENT AND ASSUMPTION OF LEASE AGREEMENT (this “Assignment”) is made effective this
22 day of January, 2008 (the “Effective Date”), by and between VALUE CITY DEPARTMENT STORES LLC, an
Ohio limited liability company, having an address of 3241 Westerville Road, Columbus, Ohio 43224
(“Assignor”), RETAIL VENTURES, INC., an Ohio corporation, having an address of 3241 Westerville
Road, Columbus, Ohio 43224 (“Assignee”), and JUBILEE-SAWMILL LLC, an Ohio limited liability
company, having an address of 1800 Moler Road, Columbus, Ohio 43207 (“Landlord”).

WITNESSETH

     WHEREAS, Assignor and Landlord are tenant and landlord, respectively, under that certain Lease
dated July 19, 2006 between Value City Department Stores, Inc. and Jubilee Limited Partnership, as
amended pursuant to that certain Lease Modification Agreement dated November 2, 2000 (collectively,
the “Lease”), for approximately 71,072 square feet of floor area (the “Leased Premises”) located in
the shopping center known as Sun Shopping Center at 3704 W. Dublin-Granville Road, Columbus, Ohio;
and

     WHEREAS, Assignor is the successor by merger to Value City Department Stores, Inc., and
Landlord is the successor to Jubilee Limited Partnership, the landlord under the Lease; and

     WHEREAS, Assignee currently is the parent corporation to the subsidiary that occupies the
Leased Premises pursuant to an oral sublease with Assignor (the “Filene’s Sublease”); and

     WHEREAS, Assignor desires to assign its interest as tenant in the Lease to Assignee as of the
Effective Date, and Assignee desires to accept the assignment of tenant’s interest in the Lease
from Assignor and to assume all of tenant’s right, title, estate, interest, duties and obligations
under the Lease as of the Effective Date; and

     WHEREAS, Landlord is willing to consent to the assignment of the Lease as herein set forth;

Agreement

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, Assignor, Assignee and Landlord hereby agree as follows:

     1. Assignment. Assignor hereby gives, grants, bargains, sells, conveys, transfers and
sets over unto Assignee, its successors and assigns, as of the Effective Date, all of Assignor’s
right, title, estate, interest, duties and obligations as tenant in and to the Lease and the Leased
Premises under the Lease.

     2. Assumption. Assignee hereby accepts the foregoing assignment and, in consideration
thereof, Assignee hereby covenants and agrees that, from and after the Effective Date and for the
remainder of the term of the Lease and all renewals and extensions thereof exercised by Assignee,
Assignee will assume, observe, perform, fulfill and be bound by all terms, covenants, conditions
and obligations of Assignor under the Lease (including, without limitation, the payment of all rent
and other sums required to be paid by Assignor under the

 

 

Lease) which arise on and after the Effective Date and are to be observed, performed and
fulfilled by Assignor on and after the Effective Date, in the same manner and to the same extent as
if Assignee were the Assignor named therein.

     3. Landlord’s Consent. Landlord hereby consents to the assignment by Assignor to
Assignee of the Assignor’s interest under the Lease, as herein set forth and agrees to release
Assignor from all obligations and liability under the Lease from and after the Effective Date.

     4. Indemnification.

          (a) Assignee hereby indemnifies and agrees to defend and hold harmless Assignor, its
shareholders, directors, officers, successors and assigns from and against any and all claims,
demands, causes of action, judgments, liabilities, losses, damages, costs or expenses (including
without limitation all reasonable attorneys’ fees and out-of-pocket expenses) which Assignor may or
shall incur under the Lease by reason of any failure of Assignee to have complied with, or to have
performed, the duties and obligations of Assignor under the Lease from and after the Effective
Date.

          (b) Assignor hereby indemnifies and agrees to defend and hold harmless Assignee, its
shareholders, directors, officers, successors and assigns from and against any and all claims,
demands, causes of action, judgments, liabilities, losses, damages, costs or expenses (including
without limitation all reasonable attorneys’ fees and out-of-pocket expenses) which Assignee may or
shall incur under the Lease by reason of any failure of Assignor to have complied with, or to have
performed, the duties and obligations of Assignor under the Lease arising prior to the Effective
Date.

     5. Successors and Assigns. The terms and conditions of this Assignment shall be
binding upon and shall inure to the benefit of the parties hereto and their respective successors
and assigns.

     6. Assignment of Warranties and Guaranties. To the extent assignable and to the
extent any exist, Assignor hereby assigns to Assignee all guaranties and warranties it owns related
to the Leased Premises. Assignor shall execute such further reasonable documents to evidence such
transfer as are reasonably requested by Assignee either before or after the Effective Date. If
there is a cost or fee for the transfer of any warranty or guaranty, that cost shall be borne by
Assignee.

     7. Counterparts. This Assignment may be executed in counterparts, each of which shall
be deemed an original, and all of which shall constitute one document.

     8. Third Parties. The agreements herein are for the sole benefit of Assignor,
Assignee and Landlord, and no third party is intended to benefit hereby.

     9. Assignee’s Notice Address. For the purposes of Section 33 of the Lease, notices to
Assignee shall be addressed to Assignee at 3241 Westerville Road, Columbus, Ohio 42324.

     10. Governing Law. The terms of this Assignment shall be governed by the laws of the
State in which the Leased Premises is located.

-2-

 

     11. Entire Agreement. This Assignment shall be deemed to contain all of the terms and
conditions agreed upon with respect to the assumption and assignment of the Lease, it being
understood that there are no outside representations or oral agreements.

     12. Capitalized Terms. Any capitalized terms used in this Assignment and not defined
shall have the same meaning set forth in the Lease.

     IN WITNESS WHEREOF, the parties hereto have caused this Assignment to be duly executed on the
day and year first set forth above.

	 	 	 	 	 
	 	ASSIGNOR:

VALUE CITY DEPARTMENT STORES LLC,

an Ohio limited liability company

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	ASSIGNEE:

RETAIL VENTURES, INC.,

an Ohio corporation

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 LANDLORD:

JUBILEE-SAWMILL, LLC,

an Ohio limited liability company

 	 
	 	 	 
	 	By:  	Jubilee Limited Partnership,

an Ohio limited partnership, its sole member 	 
	 	 	 
	 	By:  	Schottenstein Professional Asset

Management Corporation, a Delaware

corporation, general partner 	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

-3-

 

	 	 	 	 	 	 	 
	STATE OF OHIO

	 	 	)	 	 	 
	 

	 	 	)	 	 	ss:
	COUNTY OF FRANKLIN

	 	 	)	 	 	 

     The foregoing instrument was acknowledged before me this ___ day of                     , 2007, by
                                        , the                      of Value City Department Stores LLC, an Ohio limited
liability company, on behalf of the limited liability company.

	 	 	 	 	 
	 	 	 
	 	  	
 	 
	 	 	      Notary Public 	 
	 	 	 	 
	 

	 	 	 	 	 	 	 
	STATE OF OHIO

	 	 	)	 	 	 
	 

	 	 	)	 	 	ss:
	COUNTY OF FRANKLIN

	 	 	)	 	 	 

     The foregoing instrument was acknowledged before me this ___ day of                     , 2007, by
                                        , the                      of Filene’s Basement, Inc., a Delaware corporation, on
behalf of the corporation.

	 	 	 	 	 
	 	 	 
	 	  	
 	 
	 	 	      Notary Public 	 
	 	 	 	 
	 

	 	 	 	 	 	 	 
	STATE OF OHIO

	 	 	)	 	 	 
	 

	 	 	)	 	 	ss:
	COUNTY OF FRANKLIN

	 	 	)	 	 	 

     The foregoing instrument was acknowledged before me this ___ day of                     , 2007, by
                                        , the                      of Schottenstein Professional Asset Management
Corporation, a Delaware corporation, the general partner of Jubilee Limited Partnership, an Ohio
limited partnership, the sole member of Jubilee-Sawmill LLC, an Ohio limited liability company, on
behalf of the corporation, limited partnership, and limited liability company.

	 	 	 	 	 
	 	 	 
	 	  	
 	 
	 	 	      Notary Public 	 
	 	 	 	 
	 

-4-

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