Document:

EX-10.1

 Exhibit 10.1 
  

 
  

			
	Banc of America Leasing & Capital, LLC	  	Equipment Security Note Number 17608-70010

  

This Equipment Security Note No. 17608-70010, dated as of March 28, 2014 (this “Equipment Note”), is entered into
pursuant to and incorporates by this reference all of the terms and provisions of that certain Master Loan and Security Agreement No. 17608-70000 dated as of July 20, 2007 (the “Master Agreement”), by and between Banc
of America Leasing & Capital, LLC (“Lender”) and Destination XL Group, Inc. (“Borrower”). All capitalized terms used herein and not defined herein shall have the respective meanings assigned to such
terms in the Master Agreement. If any provision of this Equipment Note conflicts with any provision of the Master Agreement, the provisions contained in this Equipment Note shall prevail. Borrower hereby authorizes Lender to insert the serial
numbers and other identification data of the Equipment, dates, and other omitted factual matters or descriptions in this Equipment Note. 

The occurrence of an “Event of Default,” as defined in the Master Agreement, shall entitle Lender to accelerate the maturity
of this Equipment Note and to declare the Prepayment Amount to be immediately due and payable, and to proceed at once to exercise each and every one of the remedies provided in the Master Agreement or otherwise available at law or in equity. All of
Borrower’s Obligations under this Equipment Note are absolute and unconditional, and shall not be subject to any offset or deduction whatsoever. Borrower waives any right to assert, by way of counterclaim or affirmative defense in any action to
enforce Borrower’s Obligations hereunder, any claim whatsoever against Lender. 
 1. Equipment Financed; Equipment Location; Grant
of Security Interest. Subject to the terms and provisions of the Master Agreement and as provided herein, Lender is providing financing in the principal amount described in Section 2 below to Borrower in connection with the acquisition or
financing of the following described Equipment: 
  

							
	 Quantity
	  	 Description
	  	 Serial Number
	  	 Cost

				
		  		  		  	

 See Exhibit A attached hereto 

Location of Equipment. The Equipment will be located or (in the case of over-the-road vehicles) based at the following locations: 

 

											
	 Location
	 	 Address
	 	 City
	 	 County
	 	 State
	 	 ZIP

						
		 		 		 		 		 	

 See Exhibit B attached hereto 

Borrower has agreed and does hereby grant a security interest in and to the Equipment and the Collateral related thereto, whether now owned or hereafter
acquired and wherever located, in order to secure the payment and performance of all Obligations owing to Lender, including but not limited to this Equipment Note, all as more particularly provided in the Master Agreement. Lender’s agreement to
provide the financing contemplated herein shall be subject to the satisfaction of all conditions established by Lender and Lender’s prior receipt of all required documentation in form and substance satisfactory to Lender in its sole discretion.

 2. Payments. For value received, Borrower promises to pay to the order of Lender, the principal amount of $792,665.35,
together with interest thereon as provided herein. This Equipment Note shall be payable by Borrower to Lender in 48 consecutive monthly, installments of principal and interest (the “Payments”) commencing on April 30, 2014 (the
“Initial Payment”) and continuing thereafter through and including March 31, 2018 (the “Maturity Date”) (collectively, the “Equipment Note Term”). Each Payment shall be in the amount provided
below, and due and payable on the same day of the month as the Initial Payment set forth above in each succeeding payment period (each, a “Payment Date”) during Equipment Note Term. All interest hereunder shall be calculated on the
basis of a year of 360 days comprised of 12 months of 30 days each. The final Payment due and payable on the Maturity Date shall in any event be equal to the entire outstanding and unpaid principal amount of this Equipment Note, together with all
accrued and unpaid interest, charges and other amounts owing hereunder and under the Master Agreement. 
 (a) Interest Rate. 

Interest shall accrue on the entire principal amount of this Equipment Note outstanding from time to time at a fixed rate of 3.2072 percent
per annum or, if less, the highest rate of interest permitted by applicable law (the “Interest Rate”), from the Advance Date set forth below until the principal amount of this Equipment Note is paid in full, and shall be due and
payable on each Payment Date. 

  

					
	Equipment Security Note 4.1.06	  	Page 1 of 2	  	

 (b) Payment Amount. 

The principal and interest amount of each Payment shall be $17,617.80. 

3. Prepayment The outstanding principal balance of this Equipment Note may be prepaid in whole or part at any time, together with
interest and late charges accrued through the date of the prepayment, provided that such prepayment shall be accompanied by a prepayment charge calculated as follows: one percent (1%) of the amount of the prepaid if such prepayment occurs
during the period from the date of this Equipment Note to the first anniversary hereof; one-half percent (0.5%) of the amount prepaid if such prepayment occurs during the period commencing on the first day after the first anniversary hereof and
continuing through the second anniversary hereof; and no prepayment charge if such prepayment occurs thereafter. Partial prepayments shall be applied against principal installments in their inverse order of maturity. A prepayment charge will not be
due if this Equipment Note is refinanced with the Lender. 
 4. Borrower Acknowledgements. Upon delivery and acceptance of the
Equipment, Borrower shall execute this Equipment Note evidencing the amounts financed by Lender in respect of such Equipment and the Payments of principal and interest hereunder. By its execution and delivery of this Equipment Note, Borrower: 

 

	 	(a)	reaffirms of all of Borrower’s representations, warranties and covenants as set forth in the Master Agreement and represents and warrants that no Default or Event of Default under the Master Agreement exists as of
the date hereof; 

  

	 	(b)	represents, warrants and agrees that: (i) the Equipment has been delivered and is in an operating condition and performing the operation for which it is intended to the satisfaction of Borrower; (ii) each item
of Equipment has been unconditionally accepted by Borrower for all purposes under the Master Agreement and this Equipment Note; and (iii) there has been no material adverse change in the operations, business, properties or condition, financial
or otherwise, of Borrower since August 3, 2013; 

  

	 	(c)	authorizes and directs Lender to advance the principal amount of this Equipment Note to reimburse Borrower or pay Vendors all or a portion of the purchase price of Equipment in accordance with Vendors’ invoices
therefor, receipt and approval of which are hereby reaffirmed by Borrower; and 

  

	 	(d)	agrees that Borrower is absolutely and unconditionally obligated to pay Lender all Payments at the times and in the manner set forth herein. 

 

									
	BANC OF AMERICA LEASING & CAPITAL, LLC	 		 	Borrower: DESTINATION XL GROUP, INC.
					
	By:	 	 /s/ Gina M. Cabral
	 		 	By:	 	 /s/ David A. Levin

									
					
	Printed Name:	 	 Gina M. Cabral
	 		 	Printed Name:	 	 David A. Levin

									
					
	Title:	 	 Vice President
	 		 	Title:	 	 President and CEO

  

					
	Equipment Security Note 4.1.06	  	Page 2 of 2	  	

 EXHIBIT A TO EQUIPMENT SECURITY NOTE NO. 17608-70010 

 

																	
	Company	  	Division	 	  	Type	  	Asset Type	  	Invoice	  	Description	  	Insrv Date	 
	
	 Equipment Location: 555 Turnpike Street, Canton, MA 02021
	   

	 10
	  	 	141	  	  	Corporate (DC)	  	EQUIP-C	  	BIP 85542	  	Batteries	  	 	2/18/2014	  
	 10
	  	 	141	  	  	Corporate (DC)	  	FF-C	  	1260680	  	Ladders	  	 	2/21/2014	  
	 10
	  	 	141	  	  	Corporate (DC)	  	FF-C	  	6987304	  	Fixtures	  	 	2/21/2014	  
	
	 Equipment Location: 555 Turnpike Street, Canton, MA 02021
	   

	 10
	  	 	181	  	  	Corporate (MIS)	  	HW-C	  	254637	  	DC Hardware	  	 	10/24/2013	  
	 10
	  	 	181	  	  	Corporate (MIS)	  	HW-C	  	254676	  	DC Hardware	  	 	10/30/2013	  
	 10
	  	 	181	  	  	Corporate (MIS)	  	HW-C	  	254745	  	DC Hardware	  	 	10/31/2013	  
	 10
	  	 	181	  	  	Corporate (MIS)	  	HW-C	  	XJ8M2W847	  	Computers	  	 	11/25/2013	  
	 10
	  	 	181	  	  	Corporate (MIS)	  	HW-C	  	XJ8NTDPD4	  	Computers	  	 	11/29/2013	  
	 10
	  	 	181	  	  	Corporate (MIS)	  	HW-C	  	XJ8R9RR34	  	Computers	  	 	12/3/2013	  
	 10
	  	 	181	  	  	Corporate (MIS)	  	HW-C	  	W298313413	  	Computers	  	 	12/12/2013	  
	 10
	  	 	181	  	  	Corporate (MIS)	  	HW-C	  	W276358095	  	Computers	  	 	12/13/2013	  
	 10
	  	 	181	  	  	Corporate (MIS)	  	HW-C	  	406155695	  	iPhones	  	 	12/18/2013	  
	 10
	  	 	181	  	  	Corporate (MIS)	  	HW-C	  	9715490907	  	iPhones	  	 	12/18/2013	  
	 10
	  	 	181	  	  	Corporate (MIS)	  	HW-C	  	9715490912	  	iPhones	  	 	12/18/2013	  
	 10
	  	 	181	  	  	Corporate (MIS)	  	HW-C	  	XJ9F2R677	  	Tablet	  	 	2/21/2014	  
	 10
	  	 	181	  	  	Corporate (MIS)	  	HW-C	  	9717201436	  	iPhone	  	 	2/21/2014	  
	 10
	  	 	181	  	  	Corporate (MIS)	  	HW-S	  	00015063	  	Phones	  	 	1/20/2014	  
	 10
	  	 	181	  	  	Corporate (MIS)	  	HW-C	  	92579798	  	Production Server	  	 	1/22/2014	  
	 10
	  	 	181	  	  	Corporate (MIS)	  	HW-C	  	92580676	  	Production Server	  	 	1/22/2014	  
	 10
	  	 	181	  	  	Corporate (MIS)	  	HW-C	  	12261	  	Tape Drives	  	 	2/21/2014	  
	 10
	  	 	181	  	  	Corporate (MIS)	  	HW-C	  	XJ9W65DJ9	  	Laptop Computer	  	 	2/21/2014	  
	 10
	  	 	181	  	  	Corporate (MIS)	  	HW-C	  	IN409102	  	Bar Code Printers	  	 	2/21/2014	  
	 10
	  	 	181	  	  	Corporate (MIS)	  	HW-C	  	119906	  	Laptop Computer	  	 	2/21/2014	  
	 10
	  	 	181	  	  	Corporate (MIS)	  	HW-C	  	119948	  	Laptop Computer	  	 	2/21/2014	  
	 10
	  	 	181	  	  	Corporate (MIS)	  	HW-C	  	15570	  	iPhone Accessories	  	 	2/21/2014	  
	 10
	  	 	181	  	  	Corporate (MIS)	  	FF-S	  	20527	  	Armrest	  	 	2/21/2014	  
	 10
	  	 	181	  	  	Corporate (MIS)	  	HW-C	  	XJC5W9FJ5	  	Desktop Computers	  	 	2/21/2014	  
	 10
	  	 	181	  	  	Corporate (MIS)	  	HW-C	  	73436754	  	Backup Tapes	  	 	2/21/2014	  
	 10
	  	 	181	  	  	Corporate (MIS)	  	HW-C	  	73436821	  	Backup Tapes	  	 	2/21/2014	  
	
	 Equipment Location: Dedham Marketpalace 735 Providence Hwy Dedham, MA 02026
	   

	 10
	  	 	99160	  	  	DXL	  	FF-S	  	30540-0	  	Fixtures-Track	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	LHI-S	  	50450118	  	Security System	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	SHW891789	  	Fixtures	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	EQUIP-S	  	966705	  	Cabling/Phones	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	161367743	  	Fixtures-Display Frt	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	12816	  	Fixtures-Lighting	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	46790	  	Fixtures-Display	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	20630	  	Fixtures-Shelving	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	114665964	  	Fixtures-Shelving Frt	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	380894772	  	Fixtures-Display Frt	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	040094569	  	Fixtures-Display Frt	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	118819	  	Fixtures-Display	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	036783	  	Fixtures-Display	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	47548	  	Fixtures-Display	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	380870905	  	Fixtures-Display Frt	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	10232013	  	Fixtures-Lighting	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	321974149	  	Fixtures-Shelving Frt	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	037375	  	Fixtures-Display	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	141690	  	Fixtures-Shelving	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	873814	  	Fixtures-Appliances	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	106229657	  	Fixtures-Stools	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	106233629	  	Fixtures-Lockers	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	106235813	  	Fixtures-Appliances	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	I14676769	  	Fixtures-Furniture Frt	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	I14724131	  	Fixtures-Furniture	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	0491092-IN	  	Tailor Shop Equip	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	0491093-IN	  	Tailor Shop Equip	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	19649	  	Fixtures-Display	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	054695160	  	Fixtures-Tailor Shop Equip Frt	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	48267	  	Fixtures-Display	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	5370403	  	Fixtures	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	058571	  	Fixtures-Display	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	DI 659837	  	Fixtures-Shoe Fixtures	  	 	11/22/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	121806	  	Fixtures-Mannequins	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	759997	  	Fixtures-Shoe Stands	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	119697	  	Fixtures-Display	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	8515343	  	Fixtures-Shoe Fixtures	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	1055087	  	Fixtures-Shoe Risers	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	119755	  	Fixtures-Display	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	119770	  	Fixtures-Display	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	101227 RI	  	Ladders	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	038000	  	Fixtures-Display	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	038001	  	Fixtures-Display	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	038002	  	Fixtures-Display	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	HW-S	  	5014676-B	  	DSL	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	48691	  	Fixtures-Display	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	35524	  	Fixtures	  	 	12/3/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	0492097-IN	  	Tailor Shop Equip	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	3125	  	Fixtures-Pool Table	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	48727	  	Fixtures-Display	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	106319249	  	Fixtures-Stools	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	119868	  	Fixtures-Display	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	LHI-S	  	51050071	  	Security System	  	 	12/10/2013	  
	 10
	  	 	99160	  	  	DXL	  	EQUIP-S	  	1102052	  	Cabling-Phones	  	 	12/14/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	038298	  	Fixtures-Display	  	 	12/16/2013	  
	 10
	  	 	99160	  	  	DXL	  	LHI-S	  	51081046	  	Security System	  	 	12/16/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	120054	  	Fixtures-Display	  	 	12/18/2013	  
	 10
	  	 	99160	  	  	DXL	  	EQUIP-S	  	1103676	  	Cabling-Phones	  	 	12/20/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	3172733	  	Visual	  	 	12/31/2013	  
	 10
	  	 	99160	  	  	DXL	  	FF-S	  	0493521-IN	  	Tailor Shop Equip	  	 	1/10/2014	  
	 10
	  	 	99160	  	  	DXL	  	SIGNS	  	26799	  	Signs	  	 	1/24/2014	  
	 10
	  	 	99160	  	  	DXL	  	SIGNS	  	26827	  	Signs	  	 	1/30/2014	  
	 10
	  	 	99160	  	  	DXL	  	EQUIP-S	  	1111147	  	Cabling-Phones	  	 	2/10/2014	  

  
 Page 1 of 2 

 EXHIBIT A TO EQUIPMENT SECURITY NOTE NO. 17608-70010 

 

																	
	Company	  	Division	 	  	Type	  	Asset Type	  	Invoice	  	Description	  	Insrv Date	 
	 Equipment Location: 242 Andover Street Peabody, MA 01960
	   

	 10
	  	 	99161	  	  	DXL	  	FF-S	  	30576-0	  	Fixtures-Track	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	114665973	  	Fixtures-Shelving Frt	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	205054	  	Fixtures-Shelving	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	205257	  	Fixtures-Shelving	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	321973877	  	Fixtures-Shelving Frt	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	141740	  	Fixtures-Shelving	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	5366529	  	Fixtures	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	106167141	  	Fixtures-Stools	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	040099934	  	Fixtures-Display Frt	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	119130	  	Fixtures-Display	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	47559	  	Fixtures-Display	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	106170865	  	Fixtures-Lockers	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	106171892	  	Fixtures-Appliances	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	I14353211	  	Fixtures-Furniture Frt	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	380870921	  	Fixtures-Display Frt	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	I14400977	  	Fixtures-Furniture	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	907173	  	Fixtures-Appliances	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	216562115	  	Fixtures-Display Frt	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	47856	  	Fixtures-Display	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	8509895	  	Fixtures-Shoe Fixtures	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	216560866	  	Fixtures-Display Frt	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	037359	  	Fixtures-Display	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	037360	  	Fixtures-Display	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	47895	  	Fixtures-Display	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	101091 RI	  	Ladders	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	119355	  	Fixtures-Display	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	0490489-IN	  	Tailor Shop Equip	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	0490494-IN	  	Tailor Shop Equip	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	DI 656954	  	Fixtures-Shoe Fixtures	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	12889	  	Fixtures-Lighting	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	054677219	  	Fixtures-Tailor Shop Equip Frt	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	161368323	  	Fixtures-Display Frt	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	335576278	  	Fixtures-Display Frt	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	1054112	  	Fixtures-Shoe Risers	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	19629	  	Fixtures-Display	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	SHW925628	  	Fixtures	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	119390	  	Fixtures-Display	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	LNL5354	  	Fixtures-Headsets	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	3112	  	Fixtures-Pool Table	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	A27697-0	  	Fixtures-Track	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	241779876	  	Fixtures-Chairs Frt	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	101157RI	  	Ladders	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	326556423	  	Fixtures-Furniture Frt	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	35382	  	Fixtures	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	48295	  	Fixtures-Display	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	121362	  	Fixtures-Mannequins	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	121629	  	Fixtures-Mannequins	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	EQUIP-S	  	468318	  	Music System	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	30596	  	Fixtures-Furniture	  	 	11/21/2013	  
	 10
	  	 	99161	  	  	DXL	  	SIGNS	  	26537	  	Signage	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	LHI-S	  	50978969	  	Security System	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	LHI-S	  	50978970	  	Security System	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	EQUIP-S	  	1005266	  	Cabling-Phones	  	 	11/25/2013	  
	 10
	  	 	99161	  	  	DXL	  	EQUIP-S	  	1005270	  	Cabling-Phones	  	 	11/25/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	037847	  	Fixtures-Display	  	 	11/30/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	037830	  	Fixtures-Display	  	 	11/30/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	037850	  	Fixtures-Display	  	 	11/30/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	0492048-IN	  	Tailor Shop Equip	  	 	12/3/2013	  
	 10
	  	 	99161	  	  	DXL	  	LHI-S	  	51049950	  	Security System	  	 	11/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	120055	  	Fixtures-Display	  	 	12/18/2013	  
	 10
	  	 	99161	  	  	DXL	  	EQUIP-S	  	468019	  	Music System	  	 	12/19/2013	  
	 10
	  	 	99161	  	  	DXL	  	HW-S	  	5088191-A	  	DSL	  	 	1/3/2014	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	0493522-IN	  	Tailor Shop Equip	  	 	1/10/2014	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	120350	  	Fixtures-Display	  	 	1/24/2014	  
	 10
	  	 	99161	  	  	DXL	  	EQUIP-S	  	1109848	  	Cabling-Phones	  	 	2/4/2014	  
	 10
	  	 	99161	  	  	DXL	  	FF-S	  	759636	  	Fixtures-Shoe Stands	  	 	11/19/2013	  

 As more fully described in the electronic disk provided to Lender by Borrower. 

 

			
	Destination XL Group, Inc.
		
	By:	 	 /s/ David A. Levin

	Title:	 	 David A. Levin

		 	President and CEO

  
 Page 2 of 2 

 EXHIBIT B EQUIPMENT SECURITY NOTE NO. 17608-70010 

 

																	
	STORE	 	  	LOCATION	  	CENTER NAME	  	ADDRESS1	  	CITY	  	ST	  	ZIP CODE	 
	 	10	  	  	141	  	Corporate (DC)	  	555 Turnpike Street	  	CANTON	  	MA	  	 	02021	  
	 	10	  	  	181	  	Corporate (MIS)	  	555 Turnpike Street	  	CANTON	  	MA	  	 	02021	  
	 	10	  	  	99160	  	DXL	  	DEDHAM MARKETPLACE 735 PROVIDENCE HWY	  	DEDHAM	  	MA	  	 	02026	  
	 	10	  	  	99161	  	DXL	  	242 ANDOVER STREET	  	PEABODY	  	MA	  	 	01960	  

  

			
	Destination XL Group, Inc.
		
	By:	 	 /s/ David A. Levin

		
	Title:	 	 David A. Levin

		 	President and CEO

  
 Page 1 of 1EX-10.2

 Exhibit 10.2 
  

 
  

			
	Banc of America Leasing & Capital, LLC	  	Equipment Security Note Number 17608-70011

  

This Equipment Security Note No. 17608-70011, dated as of March 28, 2014 (this “Equipment Note”), is entered into
pursuant to and incorporates by this reference all of the terms and provisions of that certain Master Loan and Security Agreement No. 17608-70000 dated as of July 20, 2007 (the “Master Agreement”), by and between Banc
of America Leasing & Capital, LLC (“Lender”) and Destination XL Group, Inc. (“Borrower”). All capitalized terms used herein and not defined herein shall have the respective meanings assigned to such
terms in the Master Agreement. If any provision of this Equipment Note conflicts with any provision of the Master Agreement, the provisions contained in this Equipment Note shall prevail. Borrower hereby authorizes Lender to insert the serial
numbers and other identification data of the Equipment, dates, and other omitted factual matters or descriptions in this Equipment Note. 

The occurrence of an “Event of Default,” as defined in the Master Agreement, shall entitle Lender to accelerate the maturity
of this Equipment Note and to declare the Prepayment Amount to be immediately due and payable, and to proceed at once to exercise each and every one of the remedies provided in the Master Agreement or otherwise available at law or in equity. All of
Borrower’s Obligations under this Equipment Note are absolute and unconditional, and shall not be subject to any offset or deduction whatsoever. Borrower waives any right to assert, by way of counterclaim or affirmative defense in any action to
enforce Borrower’s Obligations hereunder, any claim whatsoever against Lender. 
 1. Equipment Financed; Equipment Location; Grant
of Security Interest. Subject to the terms and provisions of the Master Agreement and as provided herein, Lender is providing financing in the principal amount described in Section 2 below to Borrower in connection with the acquisition or
financing of the following described Equipment: 
  

							
	 Quantity
	  	 Description
	  	 Serial Number
	  	 Cost

				
		  		  		  	

 See Exhibit A attached hereto 

Location of Equipment. The Equipment will be located or (in the case of over-the-road vehicles) based at the following
locations: 
  

											
	 Location
	 	 Address
	 	 City
	 	 County
	 	 State
	 	 ZIP

						
		 		 		 		 		 	

 See Exhibit B attached hereto 

Borrower has agreed and does hereby grant a security interest in and to the Equipment and the Collateral related thereto, whether now owned or hereafter
acquired and wherever located, in order to secure the payment and performance of all Obligations owing to Lender, including but not limited to this Equipment Note, all as more particularly provided in the Master Agreement. Lender’s agreement to
provide the financing contemplated herein shall be subject to the satisfaction of all conditions established by Lender and Lender’s prior receipt of all required documentation in form and substance satisfactory to Lender in its sole discretion.

 2. Payments. For value received, Borrower promises to pay to the order of Lender, the principal amount of $261,363.14,
together with interest thereon as provided herein. This Equipment Note shall be payable by Borrower to Lender in 48 consecutive monthly, installments of principal and interest (the “Payments”) commencing on April 30, 2014 (the
“Initial Payment”) and continuing thereafter through and including March 31, 2018 (the “Maturity Date”) (collectively, the “Equipment Note Term”). Each Payment shall be in the amount provided below,
and due and payable on the same day of the month as the Initial Payment set forth above in each succeeding payment period (each, a “Payment Date”) during Equipment Note Term. All interest hereunder shall be calculated on the basis
of a year of 360 days comprised of 12 months of 30 days each. The final Payment due and payable on the Maturity Date shall in any event be equal to the entire outstanding and unpaid principal amount of this Equipment Note, together with all accrued
and unpaid interest, charges and other amounts owing hereunder and under the Master Agreement. 
 (a) Interest Rate. 

Interest shall accrue on the entire principal amount of this Equipment Note outstanding from time to time at a fixed rate of 3.5000 percent
per annum or, if less, the highest rate of interest permitted by applicable law (the “Interest Rate”), from the Advance Date set forth below until the principal amount of this Equipment Note is paid in full, and shall be due and
payable on each Payment Date. 

  

					
	Equipment Security Note 4.1.06	  	Page 1 of 2	  	

 (b) Payment Amount. 

The principal and interest amount of each Payment shall be $5,843.03. 

3. Prepayment The outstanding principal balance of this Equipment Note may be prepaid in whole or part at any time, together with
interest and late charges accrued through the date of the prepayment, provided that such prepayment shall be accompanied by a prepayment charge calculated as follows: one percent (1%) of the amount of the prepaid if such prepayment occurs
during the period from the date of this Equipment Note to the first anniversary hereof; one-half percent (0.5%) of the amount prepaid if such prepayment occurs during the period commencing on the first day after the first anniversary hereof and
continuing through the second anniversary hereof; and no prepayment charge if such prepayment occurs thereafter. Partial prepayments shall be applied against principal installments in their inverse order of maturity. A prepayment charge will not be
due if this Equipment Note is refinanced with the Lender. 
 4. Borrower Acknowledgements. Upon delivery and acceptance of the
Equipment, Borrower shall execute this Equipment Note evidencing the amounts financed by Lender in respect of such Equipment and the Payments of principal and interest hereunder. By its execution and delivery of this Equipment Note, Borrower: 

 

	 	(a)	reaffirms of all of Borrower’s representations, warranties and covenants as set forth in the Master Agreement and represents and warrants that no Default or Event of Default under the Master Agreement exists as of
the date hereof; 

  

	 	(b)	represents, warrants and agrees that: (i) the Equipment has been delivered and is in an operating condition and performing the operation for which it is intended to the satisfaction of Borrower; (ii) each item
of Equipment has been unconditionally accepted by Borrower for all purposes under the Master Agreement and this Equipment Note; and (iii) there has been no material adverse change in the operations, business, properties or condition, financial
or otherwise, of Borrower since August 3, 2013; 

  

	 	(c)	authorizes and directs Lender to advance the principal amount of this Equipment Note to reimburse Borrower or pay Vendors all or a portion of the purchase price of Equipment in accordance with Vendors’ invoices
therefor, receipt and approval of which are hereby reaffirmed by Borrower; and 

  

	 	(d)	agrees that Borrower is absolutely and unconditionally obligated to pay Lender all Payments at the times and in the manner set forth herein. 

 

									
	BANC OF AMERICA LEASING & CAPITAL, LLC	 		 	Borrower: DESTINATION XL GROUP, INC.
					
	By:	 	 /s/ Gina M. Cabral
	 		 	By:	 	 /s/ David A. Levin

									
					
	Printed Name:	 	 Gina M. Cabral
	 		 	Printed Name:	 	 David A. Levin

									
					
	Title:	 	 Vice President
	 		 	Title:	 	 President and CEO

  

					
	Equipment Security Note 4.1.06	  	Page 2 of 2	  	

 EXHIBIT A TO EQUIPMENT SECURITY NOTE NO. 17608-70011 

 

																			
	Company	  	Division	 	  	Type	  	Asset Type	  	Invoice	 	  	Description	  	Insrv Date	 
	
	 Equipment Location: 9702 Quivira Road Lenexa, KS 66215
	   

	 10
	  	 	99053	  	  	DXL	  	HW-S	  	 	151684/153099	  	  	POS Registers	  	 	1/4/2014	  
	
	 Equipment Location: 1004 West Valley Parkway Escondido, CA 92025
	   

	 10
	  	 	99080	  	  	DXL	  	HW-S	  	 	151684/153099	  	  	POS Registers	  	 	1/4/2014	  
	
	 Equipment Location: 12233 Jefferson Avenue Newport News, VA 23602
	   

	 10
	  	 	99123	  	  	DXL	  	HW-S	  	 	151684/153099	  	  	POS Registers	  	 	1/4/2014	  
	
	 Equipment Location: 1005 Bower Street Parkway Columbia, SC 29212
	   

	10	  	 	99137	  	  	DXL	  	HW-S	  	 	151684/153099	  	  	POS Registers	  	 	1/4/2014	  
	
	 Equipment Location: 7620 Rivers Ave N. Charleston, SC 29406
	   

	10	  	 	99139	  	  	DXL	  	HW-S	  	 	151684/153099	  	  	POS Registers	  	 	1/4/2014	  
	
	 Equipment Location: 735 Providence Hwy Dedham, MA 02026
	   

	10	  	 	99160	  	  	DXL	  	HW-S	  	 	151684/153099	  	  	POS Registers	  	 	1/4/2014	  
	
	 Equipment Location: 242 Andover Street Peabody, MA 01960
	   

	10	  	 	99161	  	  	DXL	  	HW-S	  	 	151684/153099	  	  	POS Registers	  	 	1/4/2014	  
	
	 Equipment Location: 137 Alexander Ave Lake Grove, NY 11755
	   

	10	  	 	99193	  	  	DXL	  	HW-S	  	 	151684/153099	  	  	POS Registers	  	 	1/4/2014	  
	
	 Equipment Location: 8303 E. Kellogg Drive Wichita, KS 67207
	   

	10	  	 	99223	  	  	DXL	  	HW-S	  	 	151684/153099	  	  	POS Registers	  	 	1/4/2014	  
	
	 Equipment Location: 4385 Miller Road Flint, Ml 48507
	   

	10	  	 	99235	  	  	DXL	  	HW-S	  	 	151684/153099	  	  	POS Registers	  	 	1/4/2014	  
	
	 Equipment Location: 315 St. Clair Square Fairview Hights, IL 62208
	   

	10	  	 	99250	  	  	DXL	  	HW-S	  	 	151684/153099	  	  	POS Registers	  	 	1/4/2014	  
	
	 Equipment Location: 17395 Tomball Parkway Houston, TX 77070
	   

	10	  	 	99365	  	  	DXL	  	HW-S	  	 	151684/153099	  	  	POS Registers	  	 	1/4/2014	  
	
	 Equipment Location: 5063 Shelbyville Road Louisville, KY 40207
	   

	10	  	 	99381	  	  	DXL	  	HW-S	  	 	151684/153099	  	  	POS Registers	  	 	1/4/2014	  
	
	 Equipment Location: 10610 D Centrum Pkwy Pineville, NC 28134
	   

	10	  	 	99407	  	  	DXL	  	HW-S	  	 	151684/153099	  	  	POS Registers	  	 	1/4/2014	  
	
	 Equipment Location: 6601 Menaul Street Albuquerque, NM 87110
	   

	10	  	 	99414	  	  	DXL	  	HW-S	  	 	151684/153099	  	  	POS Registers	  	 	1/4/2014	  
	
	 Equipment Location: 3501 Paxton Street Harrisburg, PA 17109
	   

	10	  	 	99424	  	  	DXL	  	HW-S	  	 	151684/153099	  	  	POS Registers	  	 	1/4/2014	  
	
	 Equipment Location: 861 Williston Rd S. Burlington, VT 05403
	   

	10	  	 	99442	  	  	DXL	  	HW-S	  	 	151684/153099	  	  	POS Registers	  	 	1/4/2014	  
	
	 Equipment Location: 9492 South Dixie Hwy Miami, FL 33156
	   

	10	  	 	99491	  	  	DXL	  	HW-S	  	 	151684/153099	  	  	POS Registers	  	 	1/4/2014	  
	
	 Equipment Location: 1381 West Sunset Road Henderson, NV 89014
	   

	10	  	 	99720	  	  	DXL	  	HW-S	  	 	151684/153099	  	  	POS Registers	  	 	1/4/2014	  
	
	 Equipment Location: 13766 Jamboree Road Irvine, CA 92602
	   

	10	  	 	99723	  	  	DXL	  	HW-S	  	 	151684/153099	  	  	POS Registers	  	 	1/4/2014	  
	
	 Equipment Location: 5015 Tacoma Mall Blvd Tacoma, WA 98409
	   

	10	  	 	99728	  	  	DXL	  	HW-S	  	 	151684/153099	  	  	POS Registers	  	 	1/4/2014	  
	
	 Equipment Location: 12125 N Parker Ave Jantzen Beach, OR 97217
	   

	10	  	 	99752	  	  	DXL	  	HW-S	  	 	151684/153099	  	  	POS Registers	  	 	1/4/2014	  
	
	 Equipment Location: 5595 South Virginia St. Reno, NV 89502
	   

	10	  	 	99761	  	  	DXL	  	HW-S	  	 	151684/153099	  	  	POS Registers	  	 	1/4/2014	  
	
	 Equipment Location: 2830 W Chandler Blvd Chandler, AZ 85224
	   

	10	  	 	99778	  	  	DXL	  	HW-S	  	 	151684/153099	  	  	POS Registers	  	 	1/4/2014	  
	
	 Equipment Location: 4014 B Medina Rd Copley, OH 44333
	   

	10	  	 	99805	  	  	DXL	  	HW-S	  	 	151684/153099	  	  	POS Registers	  	 	1/4/2014	  
	
	 Equipment Location: 585 South 24 West Billings, MT 59102
	   

	10	  	 	99859	  	  	DXL	  	HW-S	  	 	151684/153099	  	  	POS Registers	  	 	1/4/2014	  
	
	 Equipment Location: 10010 FM 1960 Bypass Rd West Humble. TX 77338
	   

	10	  	 	99867	  	  	DXL	  	HW-S	  	 	151684/153099	  	  	POS Registers	  	 	1/4/2014	  

 As more fully described in the electronic disk provided to Lender by Borrower. 

 

			
	Destination XL Group, Inc.
		
	By:	 	 /s/ David A. Levin

	Title:	 	 David A. Levin

		 	President and CEO

  
 Page 1 of 1 

 EXHIBIT B EQUIPMENT SECURITY NOTE NO. 17608-70011 

 

																			
	STORE	 	  	LOCATION	 	  	CENTER NAME	  	ADDRESS1	  	CITY	  	ST	  	ZIP CODE	 
	 	10	  	  	 	99053	  	  	DXL	  	9702 QUIVIRA ROAD	  	LENEXA (OVERLAND PARK)	  	KS	  	 	66215	  
	 	10	  	  	 	99080	  	  	DXL	  	1004 WEST VALLEY PARKWAY UNIT 23	  	ESCONDIDO	  	CA	  	 	92025	  
	 	10	  	  	 	99123	  	  	DXL	  	12233 Jefferson Avenue Space 5 & 6	  	NEWPORT NEWS	  	VA	  	 	23602	  
	 	10	  	  	 	99137	  	  	DXL	  	1005 BOWER STREET PARKWAY	  	COLUMBIA	  	SC	  	 	29212	  
	 	10	  	  	 	99139	  	  	DXL	  	NORTHWOODS MARKET PLACE 7620 RIVERS AVE UNIT 120	  	N. CHARLESTON	  	SC	  	 	29406	  
	 	10	  	  	 	99160	  	  	DXL	  	DEDHAM MARKETPLACE 735 PROVIDENCE HWY	  	DEDHAM	  	MA	  	 	02026	  
	 	10	  	  	 	99161	  	  	DXL	  	242 ANDOVER STREET	  	PEABODY	  	MA	  	 	01960	  
	 	10	  	  	 	99193	  	  	DXL	  	SMITH GROVE SHOPPING CENTER 137 ALEXANDER AVENUE SPACE 5 & 6	  	LAKE GROVE (CENTEREACH)	  	NY	  	 	11755	  
	 	10	  	  	 	99223	  	  	DXL	  	8303 E. KELLOGG DRIVE	  	WICHITA	  	KS	  	 	67207	  
	 	10	  	  	 	99235	  	  	DXL	  	4385 MILLER ROAD	  	FLINT	  	Ml	  	 	48507	  
	 	10	  	  	 	99250	  	  	DXL	  	ST CLAIR SQUARE 315 ST CLAIR SQUARE UNIT 221A	  	FAIRVIEW HEIGHTS	  	IL	  	 	62208	  
	 	10	  	  	 	99365	  	  	DXL	  	WILLOWBROOK PLAZA 17395 TOMBALL PARKWAY SPACE 3B	  	HOUSTON (WILLOWBROOK)	  	TX	  	 	77070	  
	 	10	  	  	 	99381	  	  	DXL	  	5063 Shelbyville Road	  	LOUISVILLE	  	KY	  	 	40207	  
	 	10	  	  	 	99407	  	  	DXL	  	10610 D CENTRUM PKWY	  	PINEVILLE (CENTRUM)	  	NC	  	 	28134	  
	 	10	  	  	 	99414	  	  	DXL	  	6601 MENAUL STREET	  	ALBUQUERQUE	  	NM	  	 	87110	  
	 	10	  	  	 	99424	  	  	DXL	  	3501 PAXTON STREET G12	  	HARRISBURG	  	PA	  	 	17109	  
	 	10	  	  	 	99442	  	  	DXL	  	STAPLES PLAZA 861 WILLISTON RD	  	S BURLINGTON	  	VT	  	 	05403	  
	 	10	  	  	 	99491	  	  	DXL	  	9492 SOUTH DIXIE HWY	  	MIAMI	  	FL	  	 	33156	  
	 	10	  	  	 	99720	  	  	DXL	  	1381 WEST SUNSET ROAD	  	HENDERSON	  	NV	  	 	89014	  
	 	10	  	  	 	99723	  	  	DXL	  	13766 JAMBOREE ROAD	  	IRVINE (TUSTIN)	  	CA	  	 	92602	  
	 	10	  	  	 	99728	  	  	DXL	  	5015 TACOMA MALL BOULEVARD	  	TACOMA	  	WA	  	 	98409	  
	 	10	  	  	 	99752	  	  	DXL	  	JANTZEN BEACH CENTER 12125 N PARKER AVE	  	JANTZEN BEACH (PORTLAND)	  	OR	  	 	97217	  
	 	10	  	  	 	99761	  	  	DXL	  	5595 SOUTH VIRGINIA ST SUITE A	  	RENO	  	NV	  	 	89502	  
	 	10	  	  	 	99778	  	  	DXL	  	2830 W CHANDLER BLVD	  	CHANDLER	  	AZ	  	 	85224	  
	 	10	  	  	 	99805	  	  	DXL	  	4014 B MEDINA RD	  	COPLEY (FAIRLAWN)	  	OH	  	 	44333	  
	 	10	  	  	 	99859	  	  	DXL	  	585 SOUTH 24 WEST	  	BILLINGS	  	MT	  	 	59102	  
	 	10	  	  	 	99867	  	  	DXL	  	HUMBLEWOOD SHOPPING CENTER 10010 FM 1960 BYPASS ROAD WEST	  	HUMBLE	  	TX	  	 	77338	  

  

			
	Destination XL Group, Inc.
		
	By:	 	 /s/ David A. Levin

		
	Title:	 	 David A. Levin

		 	President and CEO

  
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