Document:

exv10w3

 

Exhibit 10.3

SECURED PROMISSORY NOTE

			
	 

$6,000,000
	 	June 13, 2007

Gibson City, Illinois

     FOR VALUE RECEIVED, the undersigned, One Earth Energy, LLC, an Illinois limited liability
company (the “Maker”), hereby unconditionally promises to pay to the order of Farmers Energy One
Earth, LLC, an Ohio limited liability company (the “Payee”), or its designee, at such place as
designated by the Payee, or at such other place or to such other party or parties as may be
designated by the Payee from time to time, in lawful money of the United States of America, the
principal amount of $6,000,000, or so much thereof as may be advanced to Maker hereunder (the
“Principal Amount”), with interest accruing at 9% per annum, and secured in accordance with
Paragraph 4 hereof.

     1. Payments. This Secured Promissory Note (this “Note”) shall be due and payable in
full, including the Principal Amount and all accrued and unpaid interest hereunder, commencing on
the later to occur of: (a) the Maker breaking escrow under its federally registered
offering (the “Registered Offering”) pursuant to a Registration Statement dated November 7, 2006;
or (b) the Maker closing on its debt financing (the “Debt Financing”) with a commercial bank or
other lender for the construction of the proposed ethanol facility in Gibson City, Illinois (the
“Facility”), but in no event shall this Note be due and payable in full later than December 1,
2007.

     2. Notation of Indebtedness and Payments. The Payee is authorized to record the date
and amount of the indebtedness evidenced by this Note, and the date and amount of each payment and
prepayment of principal hereof on any schedule annexed hereto and made a part hereof, or on a
continuation thereof which shall be attached thereto and made a part hereof, and any such notation
shall be conclusive and binding for all purposes absent manifest error; provided, however, that
failure by the Payee to make any such notation shall not affect the obligations of the Maker
hereunder.

     3. Prepayment. This Note may be prepaid, in whole at any time or in part from time to
time, without premium or penalty.

     4. Security Interest. This Note is secured by: (i) a Security Agreement dated as of
even date herewith (the “Security Agreement”) between the Maker and the Payee in all of the assets
of the Maker; (ii) a Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture
Financing Statement dated as of even date herewith (the “Tucker Mortgage”) between Maker and Payee
with respect to real estate owned by the Maker in Gibson City, Ford County, Illinois
which was transferred to Maker by Edward E. Tucker; (iii) a Mortgage, Assignment of Leases and
Rents, Security Agreement and Fixture Financing Statement dated as of even date herewith (the
“Gibson City Mortgage”) between Maker and Payee with respect to real estate owned by the Maker
in Gibson City, Ford County, Illinois which was transferred to Maker by Gibson City, an
Illinois municipal corporation (“Gibson City”) in connection with an Option Agreement dated April
18,

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2006 between the Maker and Gibson City; and (iv) Conditional Assignment (the “Foster Conditional
Assignment”) of the Option Agreement dated as of April 17, 2006 (the “Foster Option Agreement”)
between the Maker and Lisa Foster, a resident of the State of Illinois, or a Mortgage, Assignment
of Leases and Rents, Security Agreement and Fixture Financing Statement dated as of even date
herewith (the “Foster Mortgage”) between Maker and Payee in connection with the real estate which
is the subject of the Foster Option Agreement. If the Maker closes on the real estate which is the
subject of the Foster Option Agreement, the Maker shall provide notice to the Payee of such closing
and execute and deliver a mortgage to the Payee with respect to such real estate as additional
security for this Note.

     5. Default.

     (a) Each of the following shall constitute an “Event of Default” under this Note:

     (i) The Maker shall (x) fail to pay when due any amount due hereunder in the manner
provided herein, and such default shall continue unremedied for a period of 3 business days;
or (y) default in the due observance or performance of any of the other covenants or
conditions required to be observed or performed by the Maker pursuant to this Note, the
Security Agreement, the Mortgages, the Conditional Assignment or any mortgages that result
therefrom and any other document or agreement related to or contemplated by this Note or
under the Terms Sheet dated May 15, 2007 between the Payee and the Maker, including, without
limitation, any Subscription Agreement entered into between the Maker and the Payee (all of
the documents and agreements described in this clause (y), the “Transaction Documents”),
which default under this clause (y) is not cured within 15 days after written notice from
the Payee; or

     (ii) A substantial part of any of the operations or business of the Maker is suspended,
other than in the ordinary course of business, which suspension has a material adverse
effect on the Maker’s financial condition; or

     (iii) The Maker commences any case, proceeding or other action relating to it in
bankruptcy or seeking reorganization, liquidation, dissolution, winding-up, arrangement,
composition, compromise, readjustment of its debts or any other relief under any bankruptcy,
insolvency, reorganization, liquidation, dissolution, arrangement, composition, compromise,
readjustment of debt or similar act or law of any jurisdiction, now or hereafter existing,
or consents to, approves of or acquiesces in, any such case, proceeding or other action, or
applies for a receiver, trustee or custodian for itself or for all or a substantial part of
its properties or assets, or makes an assignment for the benefit of creditors, or fails
generally to pay its debts as they mature or admits in writing its inability to pay its
debts as they mature, or is adjudicated insolvent or bankrupt; or

     (iv) There is commenced against the Maker any case or proceeding, or any other action
is taken against the Maker, in bankruptcy or seeking reorganization, liquidation,
dissolution, winding-up, arrangement, composition, compromise, readjustment of its debts or
any other relief under any bankruptcy, insolvency, reorganization, liquidation, dissolution,
arrangement, composition, compromise, readjustment of debt or similar act or

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law of any jurisdiction, now or hereafter existing; or there is appointed a receiver,
trustee or custodian for the Maker or for all or a substantial part of its properties or
assets; or there is issued a warrant of attachment, execution or similar process against any
substantial part of the properties or assets of the Maker, and any such event continues for
45 days undismissed, unbonded or undischarged; or

     (v) Any representation or warranty made by the Maker in any of the Transaction
Documents or in any writing delivered pursuant thereto shall prove to be false or incorrect
in any material respect; or

     (vi) The Maker shall: (x) fail to pay any installment of principal of, or interest on,
any other indebtedness (whether now or at any time hereafter outstanding), whether at
maturity, by call for redemption, acceleration, declaration or otherwise; or (y) fail to
perform or observe any term, covenant or condition on its part to be performed or observed
under any agreement or instrument relating to any such other indebtedness, when required to
be performed or observed, if the effect of such failure to perform or observe is to
accelerate, or to permit the acceleration of, the maturity of such other indebtedness or any
such other indebtedness shall be declared to be due and payable or required to be prepaid
(other than by a regularly scheduled required prepayment) prior to the stated maturity
thereof; or

     (vii) A final judgment, decree or order for the payment of money in excess of $50,000
shall be rendered against the Maker and such judgment, decree or order shall continue
unsatisfied and in effect for a period of 45 consecutive days without being vacated,
discharged, satisfied or stayed or bonded pending appeal.

     (b) If any Event of Default shall have occurred and be continuing, the Payee may, by providing
written notice to the Maker, declare this Note, all interest hereon and all other amounts, if any,
payable hereunder or in respect of this Note to be forthwith due and payable, whereupon they shall
become and be forthwith due and payable, without presentment, demand, protest or further notice of
any kind, all of which are hereby expressly waived by the Maker. Notwithstanding the foregoing,
upon the occurrence of any of the events or conditions described in subsection (iii) or (iv) of
Section 5(a) above, this Note, all interest hereon and all other amounts, if any, payable
hereunder or in respect of this Note shall immediately become due and payable, without any
requirement on the part of the Payee to give notice, or make declaration, of any kind regarding
such Event of Default and without presentment, demand, protest or any other requirement on the part
of the Payee, all of which are hereby expressly waived by the Maker.

     (c) From and after the occurrence of any Event of Default, and for so long as such Event of
Default shall continue, the unpaid principal amount and accrued interest of this Note shall bear
interest at a rate per annum equal to the lesser of (i) 18% or (ii) the Highest Lawful Rate
(hereinafter defined), payable on demand; provided, however, that the rate of interest payable
pursuant to this Section 5(c) shall not at any time exceed the Highest Lawful Rate. As used in
this Note, the term “Highest Lawful Rate” means, at any given time during which indebtedness shall
be outstanding hereunder, the maximum nonusurious interest rate, if any, that at any time or from
time to time may be contracted for, taken, reserved, charged or received on the indebtedness
evidenced by this Note under the laws of the United States and applicable state law currently in
effect or, to the extent

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allowed by law, under such applicable laws of the United States and applicable state law may
hereafter be in effect and which allow a higher maximum nonusurious interest rate than applicable
laws now allow, in any case after taking into account, to the extent required by applicable law,
any and all relevant payments or charges under this Note and any documents executed in connection
herewith.

     6. Waiver of Certain Demands and Notices. Presentment for payment, demand, notice of
dishonor, protest, notice of protest and all other demands and notices in connection with the
delivery, performance and enforcement of this Note are hereby expressly waived by the Maker.

     7. Payment of Court Costs. If this Note is placed in the hands of an attorney for
collection, or if it is collected through any legal proceedings, the Maker agrees to pay court
costs, reasonable attorneys’ fees and other costs of collection of the holder hereof.

     8. Usury. It is the intention of the Maker to conform strictly to applicable usury
laws now or hereafter in force, and therefore all agreements between the Maker and the Payee are
expressly limited so that in no contingency or event whatsoever, whether by reason of advancement
of the proceeds hereof, acceleration of maturity of the unpaid principal balance hereof or
otherwise, shall the amount paid or agreed to be paid to the Payee, for the use, forbearance or
detention of the money to be advanced hereunder exceed the Highest Lawful Rate permitted by
applicable law. Regardless of any provision contained herein, or in any other documents or
instruments executed in connection herewith, the Payee shall never be entitled to receive, collect
or apply, as interest hereon, any amount in excess of the Highest Lawful Rate and in the event the
Payee ever receives, collects or applies, as interest, any such excess, such amount which would be
excessive interest shall be deemed a partial prepayment of principal and treated hereunder as such;
and, if the principal hereof is paid in full, any remaining excess shall be refunded to the Maker.
In determining whether or not the interest paid or payable, under any specific contingency, exceeds
the Highest Lawful Rate, the Maker and the Payee shall, to the maximum extent permitted under
applicable law: (a) characterize any nonprincipal payment as an expense, fee or premium rather than
as interest, (b) exclude voluntary prepayments and the effects thereof, and (c) spread the total
amount of interest throughout the entire contemplated term hereof; provided that if the interest
received for the actual period of existence hereof exceeds the Highest Lawful Rate, the Payee shall
either apply or refund to the Maker the amount of such excess as herein provided, and in such event
the Payee shall not be subject to any penalties provided by any laws for contracting for, charging
or receiving interest in excess of the Highest Lawful Rate.

     9. Additional Covenants of the Maker.

     (a) The Maker shall not, by amendment of its Articles of Organization or Regulations or
through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale
of securities, or any other voluntary action, avoid or seek to avoid the observance or performance
of any of the terms of this Note.

     (b) The Maker shall not include in any agreement with the lender for the Debt Financing, any
provision that would restrict the Payee from receiving any amounts under this Note.

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     10. Governing Law. This Note shall be governed by, and construed and interpreted in
accordance with, the laws of the State of Ohio.

     11. Successors and Assigns. This Note shall be binding upon the Maker and its
successors, and shall inure to the benefit of the Payee and its successors and assigns. The Payee
may freely assign its rights hereunder. The Maker shall not assign its obligations hereunder
without the prior written consent of the Payee.

     12. Notices. Any notice, request, demand or other communication permitted or required
to be given pursuant to this Note shall be in writing, shall be sent by one of the following means
to the addressee at the address set forth below (or at such other address as shall be designated
hereunder by notice to the other parties receiving copies, effective upon actual receipt) and shall
be deemed conclusively to have been given: (a) on the first business day following the day timely
deposited with Federal Express (or other equivalent national overnight courier) or United States
Express Mail, with the cost of delivery prepaid; (b) on the fifth business day following the day
duly sent by certified or registered United States mail, postage prepaid and return receipt
requested; or (c) when otherwise actually delivered to the addressee. If a written notice or signed
item is expressly required by another provision of this Note, a manually signed original must be
delivered by the party giving it. Any other notice, request, demand or other communication also
may be sent by telegram or facsimile, with the cost of transmission prepaid, and shall be deemed
inclusively to have been given on the day duly sent. Copies may be sent by regular first-class
mail, postage prepaid, to the parties set forth below, but any failure or delay in sending copies
shall not affect the validity of any such notice, request, demand or other communication so given
to a party. The addresses of the parties are as follows:

	 	 	 	 	 	 	 
	 

	 	(i)
	 	If to the Maker:
	 	One Earth Energy, LLC
	 

	 	 	 	 	 	Attn: Steve Kelly
	 

	 	 	 	 	 	1306 West 8th Street
	 

	 	 	 	 	 	Gibson City, IL 60936-0546
	 
	 	 	 	 	 	 
	 

	 	 	 	With copies to:
	 	Chris Sackett. Esq.
	 

	 	 	 	 	 	Brown Winick
	 

	 	 	 	 	 	666 Grand Avenue
	 

	 	 	 	 	 	Suite 2000 Ruan Center
	 

	 	 	 	 	 	Des Moines, IA 50309
	 

	 	 	 	 	 	Phone: 515-242-2470
	 

	 	 	 	 	 	Fax: 515-323-8570
	 
	 	 	 	 	 	 
	 

	 	(ii)
	 	If to the Payee:
	 	Farmers Energy One Earth, LLC
	 

	 	 	 	 	 	Attn: Zafar Rizvi, President
	 

	 	 	 	 	 	2875 Needmore Road
	 

	 	 	 	 	 	Dayton, Ohio 45414
	 

	 	 	 	 	 	Fax: (937) 276-8643
	 

	 	 	 	 	 	Email: zrizvi@rexstores.com

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	 	 	 	with a copy to:
	 	Chernesky, Heyman & Kress P.L.L.
	 

	 	 	 	 	 	Attn: Edward M. Kress, Esq.
	 

	 	 	 	 	 	1100 Courthouse Plaza SW
	 

	 	 	 	 	 	Dayton, OH 45402
	 

	 	 	 	 	 	Fax: (937) 449-2821
	 

	 	 	 	 	 	Email: emk@chklaw.com

     13. Severability. In case any provision of this Note shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions shall not in
any way be affected or impaired thereby.

     14. Amendments and Waivers. This Note may be amended only with the mutual consent of
the Payee and the Maker. No amendment or waiver or modification of this Note shall be effective
unless in writing and signed by both the Maker and the Payee.

     15. WAIVER OF JURY TRIAL. THE MAKER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY
WAIVES (TO THE EXTENT PERMITTED BY APPLICABLE LAW) ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY OF ANY
DISPUTE ARISING UNDER OR RELATING TO THIS NOTE AND AGREES THAT ANY SUCH DISPUTE SHALL, AT THE
OPTION OF THE PAYEE, BE TRIED BEFORE A JUDGE SITTING WITHOUT A JURY.

	 	 	 	 	 
	 	ONE EARTH ENERGY, LLC

 	 
	 	By:  	/s/ Steven Kelly
 	 
	 	 	Its:  President 	 
	 	 	 	 
	 

6Ex-10.1

 

Exhibit 10.1

GENESCO INC.

RESTRICTED SHARE AWARD AGREEMENT

     THIS RESTRICTED SHARE AWARD AGREEMENT (this “Agreement”) is made and entered into as of the
_____ day of _____, 20 _____ (the “Grant Date”), between Genesco Inc., a Tennessee corporation (the
“Company”), and _____ (the “Grantee”). Capitalized terms not otherwise defined
herein shall have the meaning ascribed to such terms in the Genesco Inc. 2005 Equity Incentive Plan
(the “Plan”).

     WHEREAS, the Company has adopted the Plan, which permits the issuance of restricted shares of
the Company’s common stock, par value $1.00 per share (the “Common Stock”); and

     WHEREAS, pursuant to the Plan, the board of directors of the Company has granted an award of
restricted shares to the Grantee as provided herein;

     NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto, intending to be legally bound hereby, agree as follows:

     1. Grant of Restricted Shares.

          (a) The
Company hereby grants to the Grantee an award (the “Award”) of _____ shares of
Common Stock of the Company (the “Shares” or the “Restricted Shares”) on the terms and conditions
set forth in this Agreement and as otherwise provided in the Plan.

          (b) The Grantee’s rights with respect to the Award shall remain forfeitable at all times prior
to the dates on which the risk of forfeiture shall lapse in accordance with Section 2
hereof.

     2. Terms and Rights as a Shareholder.

          (a) Except as provided herein and subject to such other exceptions as may be determined by the
Committee in its discretion, the risk of forfeiture for Restricted Shares granted herein shall
expire in three equal annual increments beginning on the first anniversary of the date hereof.

 

 

          (b) The Grantee shall have all rights of a shareholder with respect to the Restricted Shares,
including the right to receive dividends and the right to vote such Shares, subject to the
following restrictions:

     (i) the Grantee shall not be entitled to delivery of the stock certificate for any
Shares until the expiration of the risk of forfeiture as to such Shares;

     (ii) none of the Restricted Shares may be sold, assigned, transferred, pledged,
hypothecated or otherwise encumbered or disposed of before the earlier of the third
anniversary of the Grant Date or the date on which the Grantee’s service as a director of
the Company ends for any reason; and

     (iii) except as otherwise determined by the Committee at or after the grant of the
Award hereunder, all of the Restricted Shares shall be forfeited, and all rights of the
Grantee to such Shares shall terminate, without further obligation on the part of the
Company, unless the Grantee continues his/her service as a director of the Company, a
Subsidiary or Affiliate until the risk of forfeiture with respect to such shares has
expired.

     Any Shares, any other securities of the Company and any other property (except for
cash dividends) distributed with respect to the Restricted Shares shall be subject to the
same restrictions, terms and conditions as such Restricted Shares.

          (c) Notwithstanding the foregoing, the risk of forfeiture shall automatically terminate as to
all Restricted Shares awarded hereunder (as to which the risk of forfeiture has not previously
terminated) upon the occurrence of the following events:

     (i) termination of the Grantee’s service as a director of the Company, a Subsidiary or
Affiliate which results from the Grantee’s death; or

     (ii) the occurrence of a Change in Control.

     3. Certificates. Upon the expiration of the risk of forfeiture with respect to
Restricted Shares, a stock certificate bearing an appropriate legend reflecting the restrictions on
transfer applicable to such Shares may be issued. When such restrictions expire pursuant to the
terms of this Agreement, a stock certificate for the appropriate number of Shares, free of the
restrictions and restrictive stock legend, shall be delivered to the Grantee or the Grantee’s
beneficiary or estate, as the case may be, pursuant to the terms of this Agreement.

     4. Delivery of Shares. As of the date hereof, certificates representing the
Restricted Shares shall be registered in the name of the Grantee and held by the Company

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or transferred to a custodian appointed by the Company for the account of the Grantee subject
to the terms and conditions of the Plan and shall remain in the custody of the Company or such
custodian until their delivery to the Grantee or Grantee’s beneficiary or estate or their reversion
to the Company.

          Each certificate representing Restricted Shares shall bear a legend in substantially the
following form:

THIS CERTIFICATE AND THE SHARES OF STOCK REPRESENTED HEREBY ARE SUBJECT TO THE
TERMS AND CONDITIONS (INCLUDING FORFEITURE AND RESTRICTIONS AGAINST TRANSFER)
CONTAINED IN THE GENESCO INC. 2005 EQUITY INCENTIVE PLAN (THE “PLAN”) AND THE
RESTRICTED SHARE AWARD AGREEMENT (THE “AGREEMENT”) BETWEEN THE OWNER OF THE
RESTRICTED SHARES REPRESENTED HEREBY AND GENESCO INC. (THE “COMPANY”). THE
RELEASE OF SUCH SHARES FROM SUCH TERMS AND CONDITIONS SHALL BE MADE ONLY IN
ACCORDANCE WITH THE PROVISIONS OF THE PLAN AND THE AGREEMENT AND ALL OTHER
APPLICABLE POLICIES AND PROCEDURES OF THE COMPANY, COPIES OF WHICH ARE ON FILE AT
THE COMPANY.

     5. Effect of Lapse of Risk of Forfeiture and Transfer Restrictions. To the extent
that the risk of forfeiture and restrictions on transfer applicable to any Restricted Shares shall
have lapsed, the Grantee may receive, hold, sell or otherwise dispose of such Shares free and clear
of the restrictions imposed under the Plan and this Agreement.

     6. No Right to Continued Service. This Agreement shall not be construed as giving
Grantee the right to continue to service as a director of the Company or any Subsidiary or
Affiliate, and the Company or any Subsidiary or Affiliate may at any time dismiss Grantee from
service as a director, free from any liability or any claim under the Plan.

     7. Adjustments. The Committee may make adjustments in the terms and conditions of,
and the criteria included in, this Award in recognition of unusual or nonrecurring events
(including, without limitation, the events described in Section 4.2 of the Plan) affecting the
Company, any Subsidiary or Affiliate, or the financial statements of the Company or any Subsidiary
or Affiliate, or of changes in applicable laws, regulations, or accounting principles, whenever the
Committee determines that such adjustments are appropriate in order to prevent dilution or
enlargement of the benefits or potential benefits intended to be made available under the Plan.

     8. Amendment to Award. Subject to the restrictions contained in Section 14 of the
Plan, the Committee may waive any conditions or rights under, amend any terms

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of, or alter, suspend, discontinue, cancel or terminate, the Award, prospectively or
retroactively; provided that any such waiver, amendment, alteration, suspension, discontinuance,
cancellation or termination that would adversely affect the rights of the Grantee or any holder or
beneficiary of the Award shall not to that extent be effective without the consent of the Grantee,
holder or beneficiary affected.

     9. Withholding of Taxes. If the Grantee makes an election under Section 83(b) of the
Code with respect to the Award, the Award made pursuant to this Agreement shall be conditioned upon
the prompt payment to the Company of any applicable withholding obligations or withholding taxes by
the Grantee (“Withholding Taxes”). Failure by the Grantee to pay such Withholding Taxes will
render this Agreement and the Award granted hereunder null and void ab initio and the Restricted
Shares granted hereunder will be immediately cancelled. If the Grantee does not make an election
under Section 83(b) of the Code with respect to the Award, upon the lapse of the Restricted Period
with respect to any portion of Restricted Shares (or property distributed with respect thereto),
the Company shall satisfy the required Withholding Taxes as set forth by Internal Revenue Service
guidelines for the employer’s minimum statutory withholding with respect to Grantee and issue
vested shares to the Grantee without Restriction. The Company shall satisfy the required
Withholding Taxes by withholding from the Shares included in the Award that number of whole shares
necessary to satisfy such taxes as of the date the restrictions lapse with respect to such Shares
based on the Fair Market Value of the Shares.

     10. Plan Governs. The Grantee hereby acknowledges receipt of a copy of the Plan and
agrees to be bound by all the terms and provisions thereof. The terms of this Agreement are
governed by the terms of the Plan, and in the case of any inconsistency between the terms of this
Agreement and the terms of the Plan, the terms of the Plan shall govern.

     11 Severability. If any provision of this Agreement is, or becomes, or is deemed to
be invalid, illegal, or unenforceable in any jurisdiction or as to any Person or the Award, or
would disqualify the Plan or Award under any laws deemed applicable by the Committee, such
provision shall be construed or deemed amended to conform to the applicable laws, or if it cannot
be construed or deemed amended without, in the determination of the Committee, materially altering
the intent of the Plan or the Award, such provision shall be stricken as to such jurisdiction,
Person or Award, and the remainder of the Plan and Award shall remain in full force and effect.

     12. Notices. All notices required to be given under this Grant shall be deemed to be
received if delivered or mailed as provided for herein, to the parties at the following addresses,
or to such other address as either party may provide in writing from time to time.

4

 

	 	 	 	 	 
	 

	 	To the Company:
	 	Genesco Inc.
	 

	 	 	 	1415 Murfreesboro Road
	 

	 	 	 	Nashville, Tennessee 37217-2895
	 

	 	 	 	Attn: General Counsel
	 
	 	 	 	 
	 

	 	To the Grantee:
	 	The address then maintained with
respect to the Grantee in the Company’s records.
	 

	 	 	 	

     13. Governing Law. The validity, construction and effect of this Agreement shall be
determined in accordance with the laws of the State of Tennessee without giving effect to conflicts
of laws principles.

     14. Successors in Interest. This Agreement shall inure to the benefit of and be
binding upon any successor to the Company. This Agreement shall inure to the benefit of the
Grantee’s legal representatives. All obligations imposed upon the Grantee and all rights granted
to the Company under this Agreement shall be binding upon the Grantee’s heirs, executors,
administrators and successors.

     15. Resolution of Disputes. Any dispute or disagreement which may arise under, or as
a result of, or in any way related to, the interpretation, construction or application of this
Agreement shall be determined by the Committee. Any determination made hereunder shall be final,
binding and conclusive on the Grantee and the Company for all purposes.

     IN WITNESS WHEREOF, the parties have caused this Restricted Share Award Agreement to be duly
executed effective as of the day and year first above written.

	 	 	 	 	 	 	 
	 	 	GENESCO INC.
	 
	 	 	 	 	 	 
	 

	 	By
	 	 
	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Hal N. Pennington

Chairman and Chief Executive Officer	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	GRANTEE:
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	 

5

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