Document:

Fourth Amendment to Loan, Guaranty and Security Agreement

 Exhibit 10.33 

FOURTH AMENDMENT TO LOAN, GUARANTY AND SECURITY AGREEMENT 

THIS FOURTH AMENDMENT TO LOAN, GUARANTY AND SECURITY AGREEMENT (this “Amendment”), dated as of June 30, 2010, is entered
into by and among GORDMANS, INC., a Delaware corporation (“Borrower”), each of the other Credit Parties signatory hereto, each of the lenders that is a signatory to this Amendment (together with its successors and permitted assigns,
individually, “Lender” and, collectively, “Lenders”), and WELLS FARGO RETAIL FINANCE, LLC, a Delaware limited liability company, as the arranger and administrative agent for the Lenders (in such capacity, together with its
successors, if any, in such capacity, “Agent” and together with the Lenders, collectively, the “Lender Group”), in light of the following: 

WHEREAS, Borrower, the other Credit Parties signatory thereto, and the Lender Group are parties to that certain Loan, Guaranty and
Security Agreement, dated as of February 20, 2009, as amended by that certain First Amendment to Loan, Guaranty and Security Agreement dated as of March 16, 2009, that certain Second Amendment to Loan, Guaranty and Security Agreement dated
as of December 23, 2009 and that certain Third Amendment to Loan, Guaranty and Security Agreement dated as of June 30, 2010 (as amended, restated, supplemented, or modified from time to time, the “Loan Agreement”); 

WHEREAS, the Credit Parties have requested that the Loan Agreement be amended as set forth herein; and 

WHEREAS, subject to the satisfaction of the conditions set forth herein, the Lender Group is willing to so consent to the
amendment of the Loan Agreement. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of
which are hereby acknowledged, and upon the terms and conditions set forth herein, the parties hereby agree as follows: 

SECTION 1. RELATION TO THE LOAN AGREEMENT; DEFINITIONS. 

1.1 Relation to Loan Agreement. This Amendment constitutes an integral part of the Loan Agreement and shall be deemed to be
a Loan Document for all purposes. Upon the effectiveness of this Amendment, on and after the date hereof each reference in the Loan Agreement to “this Agreement,” “hereunder,” “hereof,” or words of like import referring
to the Loan Agreement, and each reference in the other Loan Documents to “the Loan Agreement,” “thereunder,” “thereof” or words of like import referring to the Loan Agreement, shall mean and be a reference to the Loan
Agreement as amended hereby. 
 1.2 Capitalized Terms. Capitalized terms used herein without definition shall have
the meanings specified in the Loan Agreement. 
 SECTION 2. AMENDMENT TO LOAN AGREEMENT. 

2.1 Section 1.1 of the Loan Agreement is hereby amended by (i) deleting the reference to “$5,000,000” in the
definition of “Permitted Purchase Money Indebtedness” and replacing it with a reference to “$15,000,000”; (ii) deleting the definition of “EBITDA” in its entirety; (iii) deleting the definition of
“Permitted Consulting Fee” in its entirety; (iv) adding the following new definition in the appropriate alphabetical therein: 

“Loan Cap” means, as of any date of determination, the lesser of (a) the Borrowing Base and (b) the Revolver
Commitment. 

 (v) deleting from the definition of “Sponsor Subordinated Indebtedness” the following: “in a
principal amount not to exceed at any one time outstanding $15,000,000 (exclusive of capitalized interest and fees)”; and (vi) deleting the definition of “Ultimate Parent” in its entirety and replacing it with the following:

 “Ultimate Parent” means Gordmans Stores, Inc., a Delaware corporation. 

2.2 Section 2.8(c) of the Loan Agreement is hereby amended and restated in its entirety to read as follows: 

(c) With respect to each Concentration Account, each Cash Management Bank shall establish and maintain Cash Management Agreements with
Agent and the applicable Credit Party, in form and substance acceptable to Agent in its Permitted Discretion. Each Cash Management Agreement shall provide, among other things, that (i) all items of payment deposited in such Concentration
Account and proceeds thereof are subject to the control of Agent, (ii) the Cash Management Bank has no rights of setoff or recoupment or any other claim against the applicable Concentration Account other than for payment of its service fees and
other charges directly related to the administration of such Concentration Account and for returned checks or other items of payment, and (iii) within two Business Days after the date that it receives written notification from Agent (a
“Control Exercise Notice”), it immediately will forward by daily sweep all amounts in the applicable Concentration Account to the Agent’s Account or as otherwise directed by Agent to prepay the Obligations in such order as
set forth in Section 2.5(b); provided, that any such prepayments of the Loans pursuant to this Section 2.8(c) may be reborrowed subject to Section 3.2. Anything contained herein or in any other Loan Document to
the contrary notwithstanding, Agent agrees that it shall not provide a Control Exercise Notice to the Cash Management Banks unless Excess Availability is less than $20,000,000 (a “Control Notice Event”). At any time following the
occurrence and during the continuance of a Control Notice Event Agent shall be free to exercise its right to issue a Control Exercise Notice. Agent shall deliver to Borrower and the applicable Credit Party a copy of any such Control Exercise Notice
promptly after delivery thereof to the applicable Cash Management Bank; provided, however that a non-willful failure to so do shall not affect the validity of any such Control Exercise Notice or otherwise limit Agent’s right to send any other
Control Exercise Notice. The Control Notice Event shall terminate at such time when Excess Availability exceeds $20,000,000 for forty-five (45) consecutive days following occurrence of the Control Notice Event; provided under no circumstances
shall more than one Control Notice Event terminate in any 365 day period. Upon the termination of such Control Notice Event, Agent shall withdraw such Control Exercise Notice and permit funds to be transferred as set forth above, including
permitting each Credit Party access to funds in any Concentration Account (and daily sweeps thereof into any Designated Account), but subject in all events to the right of Agent to deliver a Control Exercise Notice following the occurrence and
during the continuance of any subsequent Control Notice Event. 

 2.3 Section 7.1 of the Loan Agreement is hereby amended by (i) deleting
clause (e) in its entirety and replacing it with the following: 
 (e) Subordinated Indebtedness; provided, immediately
prior to, and after giving effect to the incurrence of such Subordinated Indebtedness, no Default or Event of Default shall have occurred and be continuing or would result from such incurrence; 

(ii) deleting clause (f) in its entirety and replacing it with the following: 

(f) Indebtedness of any Credit Party to any other Credit Party (other than Parent or Ultimate Parent) and Indebtedness of a Credit Party
guaranteeing Indebtedness of another Credit Party (other than Parent or Ultimate Parent) otherwise permitted under this Section 7.1; 

(iii) deleting the reference to “and” at the end of clause (m), and (iv) deleting clause (n) in its entirety and replacing it with
the following: 
 (n) Indebtedness assumed in connection with any acquisition permitted under this Agreement in an amount not to
exceed $10,000,000 in the aggregate; provided that (i) such Indebtedness is not incurred in contemplation of such acquisition and (ii) at the time of such acquisition (A) no Default or Event of Default shall exist or shall result from
such acquisition, (B) Excess Availability exceeds the greater of (x) $15,000,000 and (y) 20% of the Loan Cap for the 30 days immediately prior to and after giving pro forma effect to the acquisition and (C) Agent shall have
received updated projections showing that the Borrower’s projected Excess Availability exceeds the greater of (x) $15,000,000 and (y) 20% of the Loan Cap for the 180 days immediately following such acquisition; and 

(o) other Indebtedness of the Credit Parties, in an aggregate amount not to exceed at any time $5,000,000. 

2.4 Section 7.3 of the Loan Agreement is hereby amended by (i) deleting the reference to “and” at the end of
clause (c) and (ii) deleting clause (d) in its entirety and replacing it with the following: 
 (d) Asset Sales
in an amount not to exceed $1,000,000 in the aggregate, provided at the time of any such Asset Sale no Default or Event of Default shall exist or shall result from such Asset Sale; 

(e) Asset Sales not otherwise permitted hereunder; provided that (i) the consideration received for such assets shall be in an
amount at least equal to the fair market value thereof (determined in good faith by the Board of Directors of Borrower); (ii) at the time of any such Asset Sale, no Event of Default shall exist or shall result from such Asset Sale;
(iii) no less than 80% of the consideration therefor shall be paid in cash; and (iv) at the time of such Asset Sale and after giving effect thereto, the aggregate sales price of all assets or property so sold by the Credit Parties,
together, since the Closing Date shall not exceed 5% of the Consolidated Net Tangible Assets of the Borrower and its Subsidiaries determined in accordance with GAAP; and 

(f) Asset Sales not otherwise permitted hereunder; provided that at the time of any such Asset Sale, (i) no Default or Event of
Default shall exist or shall result from such Asset 

 
Sale, (ii) Excess Availability exceeds the greater of (x) $15,000,000 and (y) 20% of the Loan Cap for the 30 days immediately prior to and after giving pro forma effect to such
Asset Sale and (iii) Agent shall have received updated projections, in form and substance satisfactory to Agent, showing that the Borrower’s projected Excess Availability exceeds the greater of (x) $15,000,000 and (y) 20% of the
Loan Cap for the 180 days immediately following such Asset Sale. 
 2.5 Section 7.8 of the Loan Agreement is hereby
amended by (i) deleting clause (a) in its entirety and replacing it with the following: 
 (a) any Credit Party may
make Restricted Payments to any other Credit Party (other than Parent and Ultimate Parent); 
 (ii) deleting clause (c) in its entirety and
replacing it with the following: 
 (c) the Credit Parties may pay to Sun Capital Management Partners V, LLC (i) accrued
fees and expenses owing pursuant to the Management Agreement in an amount not to exceed $2,000,000, (ii) an early termination fee, in an amount not to exceed $7,500,000, owing to Sun Capital Management Partners V, LLC pursuant to the Management
Agreement as a result of the early termination of the Management Agreement and (iii) an advisory fee owing to Sun Capital Management Partners V, LLC pursuant to the Management Agreement, in an amount not to exceed 1.0% of the gross proceeds of
the initial public offering of the equity securities of Ultimate Parent; provided, both immediately before and after giving pro forma effect to the payment of the fees referenced in this clause (c) the Borrower has minimum Excess Availability
of at least $20,000,000. 
 (iii) deleting the reference to “and” at the end of clause (d), (iv) deleting clause (e) in its
entirety and replacing it with the following: 
 (e) any Credit Party may make distributions or otherwise pay in the form of
cash, from legally available funds therefor, to Ultimate Parent (i) for reasonable and customary directors’ fees and out-of-pocket expenses (other than directors who are employees of the Sponsor), (ii) for reasonable and customary
indemnities to directors, officers and employees of the direct and indirect owners of the Credit Parties, in the ordinary course of business, to the extent reasonably attributable to the ownership of the Credit Parties, and (iii) for the
purpose of allowing Ultimate Parent to pay reasonable and customary filing fees and expenses incurred by Ultimate Parent as a result of being a public entity; and 

(f) any Credit Party may make Restricted Payments in an amount not to exceed $1,000,000 in the aggregate for all such Restricted
Payments; provided, at the time of any such Restricted Payment, no Default or Event of Default shall exist or shall result from such Restricted Payment. 

and (v) inserting the following at the end thereof: 

Notwithstanding the foregoing, any Credit Party may make any Restricted Payment so long as at the time of any such Restricted Payment, (A) no
Default or Event of Default shall exist or shall 

 
result from such Restricted Payment, (B) Excess Availability exceeds the greater of (x) $15,000,000 and (y) 20% of the Loan Cap for the 30 days immediately prior to and after
giving pro forma effect to the Restricted Payment and (C) Agent shall have received updated projections showing that the Borrower’s projected Excess Availability exceeds the greater of (x) $15,000,000 and (y) 20% of the Loan Cap
for the 180 days immediately following such Restricted Payment. 
 2.6 Section 7.10 of the Loan Agreement is hereby
amended by (i) deleting the reference to “and” at the end of clause (b) and (ii) deleting clause (c) in its entirety and replacing it with the following: 

(c) Investments in any Person that becomes a Credit Party or in any assets that are acquired by a Credit Party in
connection with an acquisition in an amount not to exceed $1,000,000 in the aggregate for all such Investments; provided, that at the time of any such Investment no Default or Event of Default shall exist or shall result from such Investment;

 (d) Investments in any Person that becomes a Credit Party or in any assets that are acquired by a Credit Party
in connection with an acquisition; provided, however, that at the time of any such Investment, (A) no Default or Event of Default shall exist or shall result from such Investment, (B) Excess Availability exceeds the greater
of (x) $15,000,000 and (y) 20% of the Loan Cap for the 30 days immediately prior to and after giving pro forma effect to the Investment, and (C) Agent shall have received updated projections showing that the Borrower’s projected
Excess Availability exceeds the greater of (x) $15,000,000 and (y) 20% of the Loan Cap for the 180 days immediately following such Investment; and 

(e) other Investments by the Borrower made after the Closing Date in an amount not to exceed $1,000,000 in the aggregate
in any fiscal year. 
 2.7 Section 7.11 of the Loan Agreement is hereby amended by: (i) deleting the
“and” at the end of clause (e); (ii) replacing the “.” at the end of clause (f) with “; and”; and (iii) adding a new clause (g) to read in its entirety as follows: “(g) one time bonus payments
to officers of any Credit Party paid immediately following completion of the initial public offering of the equity securities of Ultimate Parent in an amount not to exceed $3,000,000 in the aggregate for all such bonus payments.” 

2.8 Section 7.15 of the Loan Agreement is hereby amended and restated in its entirety to read as follows: 

7.15 Minimum Availability 

The Credit Parties shall have at all times Excess Availability (without giving effect to any outstanding obligations referenced in
clause (b) of the definition of Obligations) equal to the greater of (i) 12.5% of the then current weekly Borrowing Base and (ii) $6,000,000; provided, during a Seasonal Borrowing Period, the Credit Parties shall have Excess
Availability (without giving effect to any outstanding obligations referenced in clause (b) of the definition of Obligations) equal to the greater of (i) 15% of the Loan Cap and (ii) $8,000,000. 

 2.9 Section 7.16 of the Loan Agreement is hereby amended and restated in its
entirety to read as follows: 
 7.16 Maximum Capital Expenditures. 

Permit the maximum amount of Capital Expenditures of Borrower and its Subsidiaries for any fiscal year to exceed $25,000,000. 

2.10 Section 7.17 of the Loan Agreement is hereby amended and restated in its entirety to read as follows: 

7.17 [Reserved] 

2.11 Section 8 of the Loan Agreement is hereby amended by (i) deleting the reference to “or” at the end of
Section 8.12, (ii) deleting the reference to “.” at the end of Section 8.13 and replacing it with a reference to “; or” and (iii) adding a new Section 8.14 at the end thereof as follows: 

8.14 Parent or Ultimate Parent (i) conducts any business other than (A) its ownership of equity securities of Borrower or
Parent, as applicable, (B) performing its obligations incidental thereto under the Loan Documents, (C) issuing its own equity securities subject to the terms hereof, (D) filing tax reports and paying taxes in the ordinary course,
(E) preparing reports to Governmental Authorities and to its shareholders, (F) holding directors and shareholders meetings, preparing corporate records and other corporate activities required to maintain its separate corporate structure or
to comply with applicable law or (G) making Restricted Payments to the extent permitted by this Agreement or (ii) incurs any Indebtedness or liabilities other than liabilities incidental to the conduct of its business as a holding company.

 SECTION 3. REPRESENTATIONS AND WARRANTIES. 

3.1 Representations and Warranties. 

Each Credit Party hereby represents and warrants to the Lender Group that: 

(a) It has the requisite power and authority to execute and deliver this Amendment and to perform its obligations hereunder and under
the Loan Documents to which it is a party. The execution, delivery, and performance by it of this Amendment and the performance by it of each Loan Document to which it is a party (i) have been duly approved by all necessary action and no other
proceedings are necessary to consummate such transactions; and (ii) are not in contravention of (A) any law, rule, or regulation, or any order, judgment, decree, writ, injunction, or award of any arbitrator, court or Governmental Authority
binding on it, (B) the terms of its organizational documents, or (C) any provision of any material contract or undertaking to which it is a party or by which any of its properties may be bound or affected; 

(b) This Amendment has been duly executed and delivered by such Credit Party. This Amendment and each Loan Document to which such Credit
Party is party are the legal, valid and binding obligation of such Credit Party, enforceable against such Credit Party in accordance with its terms, and is in full force and effect except as such validity and enforceability is limited by the laws of
insolvency and bankruptcy, laws affecting creditors’ rights and principles of equity applicable hereto; 
  

 (c) No injunction, writ, restraining order, or other order of any nature prohibiting,
directly or indirectly, the consummation of the transactions contemplated herein has been issued and remains in force by any Governmental Authority against such Credit Party or any member of the Lender Group; 

(d) No Default or Event of Default has occurred and is continuing on the date hereof or as of the date of the effectiveness of this
Amendment; and 
 (e) The representations and warranties in the Loan Agreement and the other Loan Documents are true and
correct in all material respects on and as of the date hereof, as though made on such date (except to the extent that such representations and warranties relate solely to an earlier date). 

SECTION 4. MISCELLANEOUS. 

4.1 Conditions to Effectiveness. The satisfaction of each of the following shall constitute conditions precedent to the
effectiveness of this Amendment and each and every provision hereof (the date of such being the “Fourth Amendment Effective Date”): 

(a) The representations and warranties in the Loan Agreement and the other Loan Documents shall be true and correct in all material
respects on and as of the date hereof, as though made on such date (except to the extent that such representations and warranties relate solely to an earlier date); 

(b) No Default or Event of Default shall have occurred and be continuing on the date hereof or as of the date of the effectiveness of
this Amendment; 
 (c) Each Credit Party, the Agent and the Required Lenders shall have delivered an executed copy of this
Amendment to Agent; 
 (d) No injunction, writ, restraining order, or other order of any nature prohibiting, directly or
indirectly, the consummation of the transactions contemplated herein shall have been issued and remain in force by any Governmental Authority against any Credit Party or the Lender Group; 

(e) The successful completion of the initial public offering of the equity securities of Ultimate Parent resulting in gross proceeds of
$25,000,000; 
 (f) Agent shall have received Ultimate Parent’s (i) charter (or similar formation document),
certified by the appropriate governmental authority, (ii) good standing certificates in its state of formation and in each other state requested by Agent, (iii) bylaws (or similar governing document), (iv) resolutions of its board of
directors (or similar governing body) approving and authorizing Ultimate Parent’s execution, delivery and performance of the Loan Documents to which it is party and the transactions contemplated thereby, and (v) signature and incumbency
certificates of its officers executing any of the Loan Documents, all certified by its secretary or an assistant secretary (or similar officer) as being in full force and effect without modification. 

 

 (g) Ultimate Parent shall have executed and delivered the Joinder to the Loan Agreement
attached hereto as Exhibit A; 
 (h) Borrower shall have delivered to Agent a properly completed Uniform Commercial Code
financing statements with respect to Ultimate Parent and other filings and documents required by law or the Loan Documents to provide Agent first priority perfected Liens (subject only to Permitted Liens) in the assets of Ultimate Parent
constituting Collateral; 
 (i) Agent shall have received original membership certificates reflecting 100% of the equity of
Parent, together with undated irrevocable transfer powers executed in blank; and 
 (j) Borrower and the other Credit Parties
shall have executed and delivered such additional certificates, documents, amendments to other Loan Documents and financing statements as Agent may require in connection with the transactions contemplated by this Amendment. 

4.2 Entire Amendment; Effect of Amendment. This Amendment, and terms and provisions hereof, constitute the entire agreement
among the parties pertaining to the subject matter hereof and supersedes any and all prior or contemporaneous amendments relating to the subject matter hereof. Except for the amendments to the Loan Agreement expressly set forth in Section 2
hereof, the Loan Agreement and other Loan Documents shall remain unchanged and in full force and effect. The execution, delivery, and performance of this Amendment shall not operate as a waiver of or, except as expressly set forth herein, as an
amendment of, any right, power, or remedy of the Lender Group as in effect prior to the date hereof. The amendments and other agreements set forth herein are limited to the specifics hereof, shall not apply with respect to any facts or occurrences
other than those on which the same are based, shall not excuse future non-compliance with the Loan Agreement, and shall not operate as a consent to any further or other matter, under the Loan Documents. To the extent any terms or provisions of this
Amendment conflict with those of the Loan Agreement or other Loan Documents, the terms and provisions of this Amendment shall control. This Amendment is a Loan Document. 

4.3 Counterparts; Electronic Transmission. This Amendment may be executed in any number of counterparts, all of which taken
together shall constitute one and the same instrument and any of the parties hereto may execute this Amendment by signing any such counterpart. Delivery of an executed counterpart of this Amendment by telefacsimile or. pdf transmission shall be
equally as effective as delivery of an original executed counterpart of this Amendment. Any party delivering an executed counterpart of this Amendment by telefacsimile or .pdf transmission also shall deliver an original executed counterpart of this
Amendment, but the failure to deliver an original executed counterpart shall not affect the validity, enforceability, and binding effect of this Amendment. 

 4.4 Fees, Costs and Expenses. Borrower agrees to pay on demand all reasonable
fees, costs and expenses in connection with the preparation, execution, delivery, administration, modification and amendment of this Amendment and the other instruments and documents to be delivered hereunder, including, without limitation, the
reasonable fees and out-of-pocket expenses of counsel for the Agent with respect thereto and with respect to advising the Agent as to their rights and responsibilities hereunder and thereunder. In addition, Borrower shall pay to Agent for
distribution to each Lender who has executed this Amendment an amendment fee in an amount equal to $250,000 in the aggregate which fee shall be fully earned and payable on the Fourth Amendment Effective Date. 

4.5 Cross-References. References in this Amendment to any Section are, unless otherwise specified, to such Section of this
Amendment. 
 4.6 Successors and Assigns. This Amendment shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns. 
 4.7 GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED
BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK, WITHOUT REGARD TO ANY CONFLICT OF LAWS PRINCIPLES. 

[signature page follows] 

 IN WITNESS WHEREOF, the parties have caused this Amendment to be executed and delivered as
of the date first written above. 
  

			
	 GORDMANS, INC.

		
	By:	 	 /s/ Michael D. James

	Name:	 	 Michael D. James

	Title:	 	 Chief Financial Officer

	
	 GORDMANS MANAGEMENT COMPANY, INC.

		
	By:	 	 /s/ Michael D. James

	Name:	 	 Michael D. James

	Title:	 	 Chief Financial Officer

	
	 GORDMANS DISTRIBUTION COMPANY, INC.

		
	By:	 	 /s/ Michael D. James

	Name:	 	 Michael D. James

	Title:	 	 Chief Financial Officer

	
	 GORDMANS INTERMEDIATE HOLDINGS CORP.

		
	By:	 	 /s/ Michael D. James

	Name:	 	 Michael D. James

	Title:	 	 Chief Financial Officer

[Signature Page to Fourth Amendment] 

			
	 WELLS FARGO RETAIL FINANCE, LLC, a Delaware limited liability company, as Agent and as a Lender

		
	By:	 	 /s/ Jason B. Searle

	Name:	 	 Jason B. Searle

	Title:	 	 Vice President

	
	CIT BANK, a Utah Chartered Bank, as Lender
		
	By:	 	 /s/ Benjamin Haslam

	Name:	 	 Benjamin Haslam

	Title:	 	 Authorized Signatory

	
	 PNC BANK, NATIONAL ASSOCIATION, as Lender

		
	By:	 	 /s/ Raymond Kupiec

	Name:	 	 Raymond Kupiec

	Title:	 	 Vice President

[Signature Page to Fourth Amendment] 

 JOINDER TO LOAN, GUARANTY AND SECURITY AGREEMENT 

This JOINDER AGREEMENT (this “Agreement”) dated as of June     , 2010 is executed by the
undersigned for the benefit of Wells Fargo Retail Finance, LLC, as administrative agent (in such capacity, together with its successors, if any, the “Agent”) in connection with that certain Loan, Guaranty and Security Agreement dated as of
February 20, 2009 among Gordmans, Inc. (“Borrower”), the other Credit Parties signatory thereto, Agent and each of the lenders signatory thereto (together with its successors and permitted assigns, individually, “Lender”
and, collectively, “Lenders” and together with the Agent, collectively, the “Lender Group”) as amended by that certain First Amendment to Loan, Guaranty and Security Agreement dated as of March 16, 2009, that certain Second
Amendment to Loan, Guaranty and Security Agreement dated as of December 23, 2009 (as amended, restated, supplemented, or modified from time to time, the “Loan Agreement”). Capitalized terms not otherwise defined herein are being used
herein as defined in the Loan Agreement. 
 Gordmans Stores, Inc. (“Ultimate Parent”) is required to execute this
Agreement pursuant to Section 4.1(g) of that certain Fourth Amendment to Loan, Guaranty and Security Agreement dated as of the date hereof among the Borrower, the Agent the other Credit Parties signatory thereto and the Lenders signatory
thereto. 
 NOW THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, each Ultimate Parent agrees as follows: 
 1. Ultimate Parent assumes all the
obligations of a Credit Party and a Guarantor under the Loan Agreement and agrees it is a Credit Party and a Guarantor and bound as a Credit Party and a Guarantor under the terms of the Loan Agreement, as if it had been an original signatory to the
Loan Agreement. In furtherance of the foregoing, Ultimate Parent hereby (i) grants to Agent, for the benefit of the Lender Group, a continuing security interest in all of its right, title, and interest in all currently existing and hereafter
acquired or arising Collateral in order to secure prompt repayment of any and all of the Obligations in accordance with the terms and conditions of the Loan Documents and in order to secure prompt performance by each Credit Party of each of its
covenants and duties under the Loan Documents and (ii) irrevocably and unconditionally guaranties to Agent for the ratable benefit of the Lender Group the due and punctual payment in full of all Guaranteed Obligations. 

2. Schedules 5.6(a), 5.6(b), 5.6(c), 5.6(c), 5.7(b), and 5.7(c), of the Loan Agreement are hereby amended to add the information relating
to Ultimate Parent set out on Schedules 5.6(a), 5.6(b), 5.6(c), 5.6(c), 5.7(b), and 5.7(c), respectively, hereof. Ultimate Parent hereby makes to Agent the representations and warranties set forth in the Loan Agreement applicable to the Ultimate
Parent and the applicable Collateral and confirms that such representations and warranties are, as of the date hereof, true and correct in all material respects after giving effect to such amendment to such Schedules. 

3. In furtherance of its obligations under Section 4.4 of the Loan Agreement, Ultimate Parent agrees to deliver to Agent
appropriately complete UCC financing statements 

 
naming Ultimate Parent as debtor and Agent as secured party, and describing its Collateral and to execute and deliver such other documentation as Agent (or its successors or assigns) may
reasonably require to evidence, protect and perfect the Liens created by the Loan Agreement, as modified hereby. 
 4. As of the
date hereof, Ultimate Parent’s address and fax number for notices under the Loan Agreement shall be the address and fax number of the Borrower set forth in the Loan Agreement and Ultimate Parent hereby appoints the Borrower as its agent to
receive notices hereunder. 
 5. This Agreement shall be deemed to be part of, and a modification to, the Loan Agreement and
shall be governed by all the terms and provisions of the Loan Agreement, with respect to the modifications intended to be made to such agreement, which terms are incorporated herein by reference, are ratified and confirmed and shall continue in full
force and effect as valid and binding agreements of Ultimate Parent enforceable against Ultimate Parent. Ultimate Parent hereby waives notice of Agent’s acceptance of this Agreement. Ultimate Parent will deliver an executed original of this
Agreement to Agent. 
 [signature page follows] 
  

 2 

 The undersigned has caused this Joinder to Loan Agreement to be duly executed and delivered
as of the date first above written. 
  

			
	GORDMANS STORES, INC.
		
	By:	 	  

	Name:
	Title:

 [Signature Page to
Joinder to Loan Agreement]Form of Restricted Stock Agreement

 Exhibit 10.47 

RESTRICTED STOCK AGREEMENT 

PURSUANT TO THE 

GORDMANS STORES, INC. 2010 OMNIBUS INCENTIVE COMPENSATION PLAN 

* * * * * 

Participant:
                                         
                    
 Grant Date:
                                         
                    
 Number of Shares
of 
 Restricted Stock granted:
                                         
                    
 *
* * * * 
 THIS RESTRICTED STOCK AWARD AGREEMENT (this “Agreement”), dated as of the Grant Date specified
above, is entered into by and between Gordmans Stores, Inc., a Delaware corporation organized in the State of Delaware (the “Company”), and the Participant specified above, pursuant to the Gordmans Stores, Inc. 2010 Omnibus
Incentive Compensation Plan, as in effect and as amended from time to time (the “Plan”), which is administered by the Committee; and 

WHEREAS, it has been determined under the Plan that it would be in the best interests of the Company to grant the shares of Restricted
Stock provided herein to the Participant. 
 NOW, THEREFORE, in consideration of the mutual covenants and promises hereinafter
set forth and for other good and valuable consideration, the parties hereto hereby mutually covenant and agree as follows: 
 1.
Incorporation By Reference; Plan Document Receipt. This Agreement is subject in all respects to the terms and provisions of the Plan (including, without limitation, any amendments thereto adopted at any time and from time to time
unless such amendments are expressly intended not to apply to the award provided hereunder), all of which terms and provisions are made a part of and incorporated in this Agreement as if they were each expressly set forth herein. Any capitalized
term not defined in this Agreement shall have the same meaning as is ascribed thereto in the Plan. The Participant hereby acknowledges receipt of a true copy of the Plan and that the Participant has read the Plan carefully and fully understands its
content. In the event of any conflict between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall control. 

2. Grant of Restricted Stock Award. The Company hereby grants to the Participant, as of the Grant Date specified above, the
number of shares of Restricted Stock specified above. Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection
against potential future dilution of the Participant’s interest in the 

 
Company for any reason. Subject to Section 5, the Participant shall not have the rights of a stockholder in respect of the shares underlying this Award until such shares are delivered to the
Participant in accordance with Section 4. 
 3. Vesting. 

(a) The Restricted Stock subject to this grant shall vest as follows: (i) [    ] shares of Restricted Stock
shall become unrestricted and vested immediately upon the Grant Date hereof, regardless of whether the Participant is, as of the Grant Date, then employed by the Company and/or one of its Subsidiaries or Affiliates; and (ii) the remaining
shares of Restricted Stock shall vest in annual equal increments, pro rata, on [    ] of each year, commencing on the first such date occurring after the Grant Date and ending on [ ], provided the Participant is then employed by
the Company and/or one of its Subsidiaries or Affiliates. There shall be no proportionate or partial vesting in the periods prior to each vesting date and all vesting shall occur only on the appropriate vesting date, subject to the
Participant’s continued service with the Company or any of its Subsidiaries on each applicable vesting date. 
 (b)
Certain Terminations. All unvested shares of Restricted Stock shall immediately become vested upon a Termination due to (i) the Participant’s death or (ii) the Participant’s Disability. 

(c) Change in Control. All unvested shares of Restricted Stock shall immediately become vested upon a Change in Control; provided
the Participant is continuously employed by the Company or its Subsidiaries through such date. 
 (d) Effect of Detrimental
Activity. The provisions of Section 8.1 of the Plan regarding Detrimental Activity shall apply to the Restricted Stock. 

(e) Forfeiture. Other than as specifically set forth in Section 3(b), all unvested shares of Restricted Stock shall be
immediately forfeited upon the Participant’s Termination for any reason. 
 4. Period of Restriction; Delivery of
Unrestricted Shares. During the Period of Restriction, the Restricted Stock shall bear a legend as described in Section 8.2(c) of the Plan. When shares of Restricted Stock awarded by this Agreement become vested, the Participant shall
be entitled to receive unrestricted shares and if the Participant’s stock certificates contain legends restricting the transfer of such shares, the Participant shall be entitled to receive new stock certificates free of such legends (except any
legends requiring compliance with securities laws). 
 5. Dividends and Other Distributions; Voting. Participants
holding Restricted Stock shall be entitled to receive all dividends and other distributions paid with respect to such shares, provided that any such dividends or other distributions will be subject to the same vesting requirements as the underlying
Restricted Stock and shall be paid at the time the Restricted Stock becomes vested pursuant to Section 3. If any dividends or distributions are paid in shares, the shares shall be deposited with the Company and shall be subject to the same
restrictions on transferability and forfeitability as the Restricted Stock with respect to which they were paid. The Participant may exercise full voting rights with respect to the Restricted Stock granted hereunder. 

 

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 6. Non-transferability. The shares of Restricted Stock, and any rights and
interests with respect thereto, issued under this Agreement and the Plan shall not, prior to vesting, be sold, exchanged, transferred, assigned or otherwise disposed of in any way by the Participant (or any beneficiary(ies) of the Participant),
other than by testamentary disposition by the Participant or the laws of descent and distribution. Any attempt to sell, exchange, transfer, assign, pledge, encumber or otherwise dispose of or hypothecate in any way any of the Restricted Stock, or
the levy of any execution, attachment or similar legal process upon the Restricted Stock, contrary to the terms and provisions of this Agreement and/or the Plan shall be null and void and without legal force or effect. 

7. Non-Competition Covenant. In consideration of the shares of Restricted Stock being granted herein, the Participant
agrees that during the Participant’s service as an employee of the Company or its Affiliates and for the six-month period thereafter, the Participant shall not, directly or indirectly, engage in, or serve as a principal, partner, joint
venturer, member, manager, trustee, agent, stockholder, director, officer or employee of, or advisor to, or in any other capacity, or in any manner, own, control, manage, operate, or otherwise participate, invest, or have any interest in, or be
connected with, any person, firm or entity that engages in any activity which competes directly or indirectly with any business of the Company or its Subsidiaries (collectively, the “Company Business”) anywhere in the U.S. or any
other country in which the Company Business was conducted or related sales were effected during the preceding two (2) years. This Section 7 will not apply and will not be enforced by the Company with respect to post-Termination activity by
the Participant that occurs in California or in any other state in which this prohibition is not enforceable under applicable law. 

8. Governing Law. All questions concerning the construction, validity and interpretation of this Agreement shall be
governed by, and construed in accordance with, the laws of the State of Delaware, without regard to the choice of law principles thereof. 

9. Withholding of Tax. The Company shall have the power and the right to deduct or withhold, or require the Participant to
remit to the Company, an amount sufficient to satisfy any federal, state, local and foreign taxes of any kind (including, but not limited to, the Participant’s FICA and SDI obligations) which the Company, in its sole discretion, deems necessary
to be withheld or remitted to comply with the Code and/or any other applicable law, rule or regulation with respect to the Restricted Stock and, if the Participant fails to do so, the Company may otherwise refuse to issue or transfer any shares of
Common Stock otherwise required to be issued pursuant to this Agreement. Any statutorily required withholding obligation with regard to the Participant may be satisfied by reducing the amount of cash or shares of Common Stock otherwise deliverable
to the Participant hereunder. 
 10. Section 83(b). If the Participant properly elects (as required by
Section 83(b) of the Code) within 30 days after the issuance of the Restricted Stock to include in gross income for federal income tax purposes in the year of issuance the fair market value of such shares of Restricted Stock, the Participant
shall pay to the Company or make arrangements satisfactory to the Company to pay to the Company upon such election, any federal, state or local taxes required to be withheld with respect to the Restricted Stock. If the Participant shall fail to make
such payment, the Company shall, to the extent permitted by law, have the right to deduct from any payment of any kind otherwise due to the Participant any federal, state or local taxes of any kind

  

 3 

 
required by law to be withheld with respect to the Restricted Stock, as well as the rights set forth in Section 8 hereof. The Participant acknowledges that it is the Participant’s sole
responsibility, and not the Company’s, to file timely and properly the election under Section 83(b) of the Code and any corresponding provisions of state tax laws if the Participant elects to utilize such election. 

11. Legend. All certificates representing the Restricted Stock shall have endorsed thereon the legend set forth in
Section 8.2(c) of the Plan. Notwithstanding the foregoing, in no event shall the Company be obligated to deliver to the Participant a certificate representing the Restricted Stock prior to the vesting dates set forth above. 

12. Securities Representations. The shares of Common Stock are being issued to the Participant and this Agreement is being
made by the Company in reliance upon the following express representations and warranties of the Participant. The Participant acknowledges, represents and warrants that: 

(a) The Participant has been advised that the Participant may be an “affiliate” within the meaning of Rule 144 under the
Securities Act of 1933, as amended (the “Act”), and in connection therewith the Company is relying in part on the Participant’s representations set forth in this Section 12. 

(b) If the Participant is deemed an affiliate within the meaning of Rule 144 of the Act, the shares of Common Stock must be held
indefinitely unless an exemption from any applicable resale restriction is available or the Company files an additional registration statement (or a “re-offer prospectus”) with regard to the shares of Common Stock and the Company is under
no obligation to register the shares of Common Stock (or to file a “re-offer prospectus”). 
 (c) If the Participant
is deemed an affiliate within the meaning of Rule 144 of the Act, the Participant understands that the exemption from registration under Rule 144 will not be available unless (i) a public trading market then exists for the Common Stock of the
Company, (ii) adequate information concerning the Company is then available to the public, and (iii) other terms and conditions of Rule 144 or any exemption therefrom are complied with; and that any sale of the shares of Common Stock may
be made only in limited amounts in accordance with such terms and conditions. 
 13. Entire Agreement; Amendment.
This Agreement, together with the Plan, contains the entire agreement between the parties hereto with respect to the subject matter contained herein, and supersedes all prior agreements or prior understandings, whether written or oral, between the
parties relating to such subject matter. The Committee shall have the right, in its sole discretion, to modify or amend this Agreement from time to time in accordance with and as provided in the Plan. This Agreement may also be modified or amended
by a writing signed by both the Company and the Participant. The Company shall give written notice to the Participant of any such modification or amendment of this Agreement as soon as practicable after the adoption thereof. 

 

 4 

 14. Notices. Any notice hereunder by the Participant shall be given to the
Company in writing and such notice shall be deemed duly given only upon receipt thereof by the General Counsel of the Company. Any notice hereunder by the Company shall be given to the Participant in writing and such notice shall be deemed duly
given only upon receipt thereof at such address as the Participant may have on file with the Company. 
 15.
Acceptance. As required by Section 8.2 of the Plan, the Participant shall forfeit the Restricted Stock if the Participant does not execute this Agreement with a period of sixty (60) days from the date the Participant receives
this Agreement (or such other period as the Committee shall provide). 
 16. No Right to Employment. Any questions
as to whether and when there has been a Termination and the cause of such Termination shall be determined in the sole discretion of the Committee. Nothing in this Agreement shall interfere with or limit in any way the right of the Company, its
Subsidiaries or Affiliates to terminate the Participant’s employment or service at any time, for any reason and with or without cause. 

17. Transfer of Personal Data. The Participant authorizes, agrees and unambiguously consents to the transmission by the
Company (or any Subsidiary) of any personal data information related to the Restricted Stock awarded under this Agreement for legitimate business purposes (including, without limitation, the administration of the Plan). This authorization and
consent is freely given by the Participant. 
 18. Compliance with Laws. The issuance of the Restricted Stock or
unrestricted shares pursuant to this Agreement shall be subject to, and shall comply with, any applicable requirements of any foreign and U.S. federal and state securities laws, rules and regulations (including, without limitation, the provisions of
the Securities Act of 1933, as amended, the 1934 Act and in each case any respective rules and regulations promulgated thereunder) and any other law or regulation applicable thereto. The Company shall not be obligated to issue the Restricted Stock
or any of the shares pursuant to this Agreement if any such issuance would violate any such requirements. 
 19.
Section 409A. Notwithstanding anything herein or in the Plan to the contrary, the shares of Restricted Stock are intended to be exempt from the applicable requirements of Section 409A of the Code and shall be limited,
construed and interpreted in accordance with such intent. 
 20. Binding Agreement; Assignment. This Agreement
shall inure to the benefit of, be binding upon, and be enforceable by the Company and its successors and assigns. The Participant shall not assign (except as provided by Section 6 hereof) any part of this Agreement without the prior express
written consent of the Company. 
 21. Headings. The titles and headings of the various sections of this Agreement
have been inserted for convenience of reference only and shall not be deemed to be a part of this Agreement. 
 22.
Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same instrument. 

 

 5 

 23. Further Assurances. Each party hereto shall do and perform (or shall cause
to be done and performed) all such further acts and shall execute and deliver all such other agreements, certificates, instruments and documents as either party hereto reasonably may request in order to carry out the intent and accomplish the
purposes of this Agreement and the Plan and the consummation of the transactions contemplated thereunder. 
 24.
Severability. The invalidity or unenforceability of any provisions of this Agreement in any jurisdiction shall not affect the validity, legality or enforceability of the remainder of this Agreement in such jurisdiction or the validity,
legality or enforceability of any provision of this Agreement in any other jurisdiction, it being intended that all rights and obligations of the parties hereunder shall be enforceable to the fullest extent permitted by law. 

25. Acquired Rights. The Participant acknowledges and agrees that: (a) the Company may terminate or amend the Plan at
any time; (b) the award of Restricted Stock made under this Agreement is completely independent of any other award or grant and is made at the sole discretion of the Company; (c) no past grants or awards (including, without limitation, the
Restricted Stock awarded hereunder) give the Participant any right to any grants or awards in the future whatsoever; and (d) any benefits granted under this Agreement are not part of the Participant’s ordinary salary, and shall not be
considered as part of such salary in the event of severance, redundancy or resignation. 
 * * * * * 

 

 6 

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

			
	 GORDMANS STORES, INC.

		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	
 

			
	
	PARTICIPANT
	
	  

		
	Name:	 	
 

			
		
	Social Security Number:

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