Document:

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	PROFESSIONAL SERVICES AGREEMENT

 

	 
	 	 	 	 

WHEREAS, L-3 Communications Corporation and its direct and indirect Subsidiaries (hereinafter
“L-3” or “Buyer”) desire to secure professional services, as identified herein; and

WHEREAS, Carl E. Vuono (hereinafter “Consultant”), desires to perform these professional services:

NOW THEREFORE, in consideration for these premises, the parties agree as follows:

	1.	 	DEFINITIONS AND ATTACHMENTS.

	 	1.1.	 	Any Attachments to this Professional Services Agreement referenced herein are fully
incorporated and form a part of this agreement (hereinafter, “Agreement”).

	 	1.2.	 	“Subsidiary” means a corporation, company, or other entity: (i) at least fifty percent
(50%) of whose outstanding shares or securities (representing the right to vote for the
election of directors or other managing authority); or (ii) which does not have outstanding
            shares or securities, as may be the case in a partnership, joint venture or unincorporated
association, but at least fifty percent (50%) of the ownership interest representing the
right to make the decisions for such operations, company, or other entity is now or
hereinafter, owned or controlled, directly or indirectly, by a party hereto, but such
corporation, company, or other entity shall be deemed to be a Subsidiary only so long as
such ownership or control exists.

	2.	 	SCOPE OF WORK. Services shall be identified by L-3 in written Statements of Work
(“SOW”). L-3 may issue assigned tasks under an SOW in accordance with the procedures set forth
therein. Consultant’s sole authorization to perform any services for L-3 is receipt of an
executed SOW and the assignment of a task thereunder.

	3.	 	TERM OF AGREEMENT. This Agreement is intended to be a master set of terms and
conditions between L-3 and Consultant. This Agreement shall be effective upon execution
hereof, and shall continue until terminated by either party as provided for herein.
Termination or expiration of a specific SOW shall not affect termination of this Agreement or
other SOW then in effect.

	4.	 	COMPENSATION.

	 	4.1.	 	Consultant shall invoice L-3 at the address specified in the SOW and L-3 shall pay
Consultant at the rate set forth in each SOW referencing this Agreement.

	 	4.2.	 	Payments made under this Agreement shall be at a rate commensurate with the value of
the services described in the applicable SOW. These payments shall not include any amount
which will be used improperly by Consultant to influence the actions of another person on
L-3’s behalf. Consultant shall be responsible for taxes based upon Consultant’s income, the
income of Consultant’s personnel, agents or subcontractors, or any Federal, State or local
employment taxes assessed to Consultant. All undisputed invoices will be paid thirty (30)
days from the date of receipt unless otherwise agreed upon in writing.

	5.	 	REIMBURSABLE EXPENSES.

	 	 	L-3 shall reimburse Consultant for reasonable expenses incurred for meals, lodging, and travel,
as set forth in Attachment A and for which funding has been previously authorized as part of an
assigned task under an SOW. Consultant shall invoice L-3 for actual, substantiated expenses and
L-3 shall pay Consultant net thirty (30) days after receipt of an undisputed invoice.

	6.	 	[RESERVED].

	7.	 	COMMUNICATION AND ADMINISTRATION. For and on behalf of L-3, the person designated in
the SOW shall have cognizance of the services provided pursuant to this Agreement, and liaison
and general administration of the Agreement for L-3 shall be through the designated person.
All invoices, statements, reports, loaned supplies, and equipment shall be sent directly to
this individual. Consultant understands and agrees all commitments or changes affecting price,
quantity, or other terms of the Agreement must be coordinated with the L-3 buyer designated on
the applicable SOW.

 

 

	 	 	 	 	 

	 
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	PROFESSIONAL SERVICES AGREEMENT

 

	 
	 	 	 	 

	8.	 	RIGHTS IN WORK PRODUCT. The work product of Consultant’s services, including
results, and all ideas, developments, and inventions which Consultant conceives or reduces to
practice during the course of its performance under this Agreement (“Deliverable Work”) shall
be the exclusive property of L-3. This information, material, and any such inventions shall be
deemed L-3 PROPRIETARY INFORMATION and shall not be disclosed to anyone outside of L-3 or used
by Consultant or others without the prior written consent of L-3. Any article, paper,
treatise, computer program, or report prepared by Consultant pursuant to this Agreement or
which discusses the services performed hereunder, or the results thereof (written data), and
which qualifies as a “work for hire” under the copyright laws of the United States, shall be
the exclusive property of L-3 as “work for hire.” All right, title, and interest, including
any copyright in, and to any written data which does not qualify as a “work-for-hire,” shall
be deemed to have been automatically transferred to L-3 from the date of inception thereof.
Upon L-3’s request, Consultant shall execute any document and render such other assistance as
reasonably necessary to perfect full right, title, and interest worldwide in the written data,
including formal conveyance of copyright. Written data shall not be published or submitted for
publication by Consultant without the prior written approval of L-3. Further, if any such
articles, paper, treatise, computer program, or report includes work previously copyrighted by
Consultant or a third party, Consultant shall provide L-3 a nonexclusive, worldwide,
irrevocable, paid-up license under such copyrights to reproduce, distribute, and use the works
in any manner.

	9.	 	[RESERVED]

	10.	 	WARRANTIES AND INDEMNITY.

	 	10.1.	 	Consultant warrants the services provided to L-3 will be performed in a professional
and competent manner. Furthermore, Consultant warrants that services and Deliverable Work
will conform to the specifications of each SOW.

	 	10.2	 	[RESERVED]

	 	10.3.	 	Consultant shall indemnify and hold harmless L-3, its employees and agents, from and
against any claims, demands, loss, damage, or expense relating to bodily injury or death
of any person, or damage to real and/or tangible personal property incurred while
Consultant is performing services, and to the extent proximately caused by the negligent
or willful acts or omissions of Consultant, its personnel, agents, or subcontractors in
the performance of services hereunder.

	 	10.4.	 	Consultant hereby represents that it has, or will have, prior to commencement of
work by any individual, valid and sufficient arrangements or agreements with its employees
and/or third parties, such that they agree to be bound by the confidentiality requirements
in this Agreement and subsequent nondisclosure agreement(s) executed by the parties.
Further, Consultant warrants that it will not deliver to L-3 Deliverable Work which would
infringe any duly issued patent or copyright or any trade secret or other intellectual
property rights or other proprietary rights of a third party.

	 	10.5.	 	Consultant shall defend, at its expense, any action brought against L-3 to the
extent that it is based on a claim that Deliverable Work performed under this Agreement,
provided by Consultant and its personnel or agents or subcontractors, constitutes an
infringement of any duly issued patent or copyright or of any trade secrets or other
intellectual property rights or other proprietary rights of a third party, and Consultant will
pay all damages and costs awarded against L-3, including any settlement amount agreed to be
paid, and related expenses in such action that are attributable to such claim, provided
Consultant is promptly informed in writing and furnished a copy of each communication, notice,
or other action related to the alleged infringement and is given authority, information, and
reasonable assistance at Consultant’s expense, necessary to defend or settle such claim.
Consultant will not be obligated to defend or be liable for costs and damages to the extent
that the infringement arises out of or relates to (i) L-3’s misuse or modification of such
Deliverable Work; (ii) L-3’s failure to use corrections or enhancements delivered to L-3, if
such materials would have prevented the infringement; (iii) infringement that results from the
combination by L-3 of the Deliverable Work with any product or technology not owned,
developed, or provided by Consultant, unless Consultant knowingly contributes to the
infringement caused by such combination, in providing the Deliverable Work to L-3 for L-3’s
intended use or application; or (iv) compliance with information, directions, specifications,
or materials provided by L-3. If any such Deliverable Work is, or in Consultant’s opinion is
likely to be held to

 

 

	 	 	 	 	 

	 
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	PROFESSIONAL SERVICES AGREEMENT

 

	 
	 	 	 	 

	 	 	 	constitute an infringing product, Consultant shall at its expense and option either (a)
procure the right for L-3 to continue using it; (b) replace it with a non-infringing
equivalent; or (c) modify it to make it non-infringing.

	11.	 	[RESERVED]

	12.	 	CONFIDENTIAL INFORMATION; NON-COMPETITION UNDERTAKING; ENGAGEMENTS WITH THIRD
PARTIES.

	 	12.1.	 	Consultant shall maintain proprietary, confidential and secret all L-3 information
which may be disclosed to Consultant as being proprietary, confidential and secret in
nature, and Consultant shall not disclose this information to any other person (including
L-3 employees in any other division, group, or entity), firm, or corporation. Consultant
shall also maintain as confidential the “know-how” and future plans of L-3 relating to the
fields of endeavor in which Consultant performs investigations, evaluations, and services
for L-3, as well as the nature of certain work projects to which Consultant is exposed,
and the identity of persons working on those projects.

	 	12.2.	 	During Consultant’s performance of services to L-3, Consultant may be granted access
to and use of software programs and other forms of intellectual property that are licensed
to L-3 from third parties for L-3’s use (hereinafter “Third Party Intellectual Property”).
Consultant’s use of Third Party Intellectual Property is strictly limited to supporting
L-3 during Consultant’s performance of services. Consultant is not granted a license to
Third Party Intellectual Property, and shall not (i) use, copy, or modify Third Party
Intellectual Property except as specified by L-3; (ii) remove Third Party Intellectual
Property from L-3’s premises without L-3’s prior approval; (iii) disassemble, decompile,
or otherwise reverse engineer Third Party Intellectual Property; and (iv) disclose Third
Party Intellectual Property to other third parties, or the existence of L-3’s license to
use Third Party Intellectual Property.

	 	12.3.	 	If, in connection with its performance, Consultant discloses to L-3 any ideas,
developments, or suggestions conceived or actually reduced to practice by Consultant prior
to its performance hereunder, no relationship, proprietary or otherwise, express or
implied, is established with L-3 by the disclosure, no obligation of any kind is assumed
by, nor may be implied against L-3, unless a separate written contract regarding the
subject of disclosure is consummated by the parties, and then the obligation shall be only
as expressed in the separate contract.

	 	12.4	 	Consultant agrees to refrain from making any disparaging or derogatory remarks,
comments or publications regarding L-3 or any of its affiliates, predecessors or
successors or any of their respective officers, directors, employees, products or
services.

	 	12.5	 	Consultant hereby agrees that during the term of this Agreement and the 12-month
period immediately thereafter, without the prior written consent of L-3, (i) he or she
will not, directly or indirectly, either as principal, manager, agent, consultant,
officer, stockholder, partner, investor, lender or employee or in any other capacity,
carry on, be engaged in or have any financial interest in, any (a) entity which is in
Competition with the business of L-3 or (b) Competitive Activity and (ii) he or she shall
not, on his or her own behalf or on behalf of any person, firm or company, directly or
indirectly, solicit or offer employment to any person who is or has been employed by L-3
at any time during the twelve (12) months immediately preceding such solicitation. For
purposes of this Section 12.5: (A) an entity shall be deemed to be in “Competition” with
L-3 if it is principally involved in the purchase, sale or other dealing in any property
or the rendering of any service purchased, sold, dealt in or rendered by L-3 as a part of
the business of L-3 within the same geographic area in which L-3 effects such sales or
dealings or renders such services at the Relevant Date; and (B) “Competitive Activity”
shall mean any business into which L-3 has taken substantial steps to engage, as of the
Relevant Date, which would be deemed to be in Competition with the business of L-3 if such
steps had been completed prior to the Relevant Date; and (C) the term “Relevant Date”
shall mean each date during the term of this Agreement through (and including) the
effective date of termination of this Agreement. Notwithstanding the foregoing, nothing
contained in this Section 12.5 shall (x) prohibit Consultant from serving as an officer,
employee or independent consultant of any business unit or subsidiary which would not
otherwise be in Competition with L-3 or a Competitive Activity, but which business unit is
a part of, or which subsidiary is controlled by, or under common control with, an entity
that would be in competition with L-3, so long as Consultant does not engage in any
activity which is in Competition with any business of L-3 or is otherwise a Competitive
Activity or (y) be construed so as to preclude Consultant from investing in any

 

 

	 	 	 	 	 

	 
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	PROFESSIONAL SERVICES AGREEMENT

 

	 
	 	 	 	 

	 	 	 	publicly or privately held company, provided Consultant’s beneficial ownership of any
class of such company’s securities does not exceed 5% of the outstanding securities of
such class.

	 	12.6	 	The parties hereto agree that the provisions of Section 12.5 are reasonable. If a
court determines, however, that any provision of Section 12.5 is unreasonable, either in
period of time, geographical area or otherwise, then the parties hereto agree that the
provisions of Section 12.5 should be interpreted and enforced to the maximum extent which
such court deems reasonable.

	 	12.7	 	Subject to Section 12.5, Consultant shall have the right to accept employment and/or
perform consulting work for one or more third parties, so long as such employment or work
does not impair his ability to perform his responsibilities hereunder.

	13.	 	CONSULTANT PERSONNEL. Consultant hereby agrees to submit to the L-3 representative
set forth in the applicable SOW, the names, resumes, and other pertinent information requested
by L-3 prior to utilization of any personnel by Consultant. L-3 reserves the right to request
the replacement of any of the Consultant’s personnel assigned to perform services under this
Agreement and Consultant shall immediately remove such personnel and secure replacement(s)
acceptable to L-3.

	14.	 	NOTICES. Written notice shall be sent to the parties by hand, by overnight carrier or
by U.S. certified mail at the following address:

	 	 	 	 	 

	 
	 	L-3 Communications Corporation	 	Carl E. Vuono
	 
	 	600 Third Avenue	 	5796 Westchester Street
	 
	 	New York, New York 10016	 	Alexandria, VA 22310
	 
	 	Attention: General Counsel	 	 

	15.	 	CONFLICTING AGREEMENTS. Consultant warrants that it is not a party to any other
existing agreement which would prevent Consultant from entering into this Agreement or which
would adversely affect this Agreement.
	 
	16.	 	INDEPENDENT CONTRACTOR. It is understood and agreed that Consultant shall be acting
as an independent contractor and not as an agent or employee of L-3. Accordingly, the
Consultant assumes all risks and hazards encountered in its performance of this agreement, and
further, the Consultant shall be solely responsible for all injuries, including death, to all
persons and all loss or damage to property which are attributed to the Consultant’s
performance under this agreement or that of any agent, employee, or subcontractor engaged by
the Consultant. Consultant shall not have the power or authority to create or modify any
binding obligation or agreement on behalf of L-3, and Consultant shall not represent to any
third party that he or she has such power or authority. Consultant acknowledges that he or
she shall not participate in (and shall not receive any benefits or awards under) any L-3
employee benefit plans by virtue of this agreement.

	17.	 	TERMINATION.

	 	17.1.	 	Any SOW referencing this Agreement may be terminated for cause by either party for
failure to comply with any terms and conditions of this Agreement or the applicable SOW,
provided however, that the party in breach shall have ten (10) working days, or such
period as the parties may otherwise agree in writing, to cure such breach following
written notification, and further provided default by either party under a SOW shall not
affect any other SOW under this Agreement.
	 
	 	17.2.	 	Additionally, this Agreement and/or a SOW referencing this Agreement may be
terminated for convenience by L-3 upon thirty (30) days prior written notice to
Consultant. The terms of this Agreement shall survive any such termination of this
Agreement, with respect to any SOW then in effect, until such SOW expires or is terminated
as set forth in this Agreement. In the event of termination of this Agreement or a SOW,
L-3’s sole obligation, except for those provided in Section 17.3, shall be to pay
Consultant for any authorized work performed and authorized expenses incurred through the
date of the termination, subject to any not-to-exceed amount set forth in the SOW. This
paragraph shall not be deemed to waive, prejudice, or diminish any rights

 

 

	 	 	 	 	 

	 
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	PROFESSIONAL SERVICES AGREEMENT

 

	 
	 	 	 	 

	 	 	 	which L-3 or Consultant may have at law or in equity for an unlawful termination or other
breach of this Agreement by the other party.
	 
	 	17.3.	 	The provisions of Sections 8, 9, 10, 11, 12, and 21 shall survive termination of
this Agreement and the expiration or termination of any SOW issued under the Agreement.

	18.	 	ETHICAL CONDUCT. It is acknowledged that any payment, gift, tip, meal,
transportation, entertainment or other benefit or promise of a benefit provided to or paid for
a U.S. Government employee by the Consultant other than pursuant to the limited authorized
exceptions in the appropriate agency internal standard of conduct, is prohibited, whether or
not the situation involved pertains to L-3 business.

	 	 	It is further acknowledged that when acting on behalf of L-3, the Consultant shall neither seek
nor receive information from non-L-3 sources which could compromise L-3’s code of ethical
conduct and associated policies, or the policies of the U.S. Government. If the Consultant
comes into possession of information which is not appropriate for L-3 to possess under either
L-3’s code of ethical conduct or the U.S. Government policies, the Consultant will not reveal
such information to L-3.

	 	 	The Consultant agrees to comply fully with the procurement integrity provisions of the Office
of Federal Procurement Policy Act (Procurement Integrity Act) and all regulations issued
thereunder. Further, the Consultant agrees that it will execute such certifications as are
required by L-3 or the Procurement Integrity Act and regulations issued thereunder regarding
the Consultant’s compliance therewith.

	19.	 	ACCESS TO L-3 FACILITIES. Consultant’s use and access to any applicable facility
shall be subject to all L-3’s security, traffic, smoke free environment restrictions, as well
as any other L-3 rules and regulations, and any and all other reasonable restrictions which
L-3 may impose from time to time. Access may be limited to L-3’s normal hours of operations
(excluding holidays and shutdown periods, if any). L-3 may limit or deny access to any other
Consultant representatives.

	20.	 	[RESERVED].

	21.	 	GENERAL.

	 	21.1	 	ASSIGNMENT OF SERVICES AGREEMENT. The Consultant may not assign any of its
rights or obligations hereunder without the prior written consent of L-3. L-3 may assign
its rights and obligations under this Agreement to any subsidiary, affiliate or successor
in interest of L-3 without the consent of the Consultant. The Consultant shall be
provided with written notice of such assignment. In all such cases, the assignment of
this Agreement and the assumption of the rights and obligations thereunder shall be at no
additional cost to L-3.

	 	21.2.	 	FORCE MAJEURE. Neither party shall be liable for any delays resulting from
acts of God, strikes, riots, acts of war, epidemics, or governmental regulations.

	 	21.3.	 	NO PUBLICITY. Neither party hereto shall, without securing written consent
of the other party, publicly announce the existence of this Agreement or advertise or
release any publicity in regard thereto, except that L-3 and Consultant may disclose the
terms of this Agreement to extent required by law or regulation.

	 	21.4.	 	BINDING AGREEMENT. This Agreement shall be binding upon and inure to the
benefit of the successors and assigns of L-3 and shall be binding upon and inure to the
benefit of Consultant’s heirs, legal representatives, successors, and assigns.

	 	21.5.	 	GOVERNING LAW; WAIVER OF JURY TRIAL. The validity, performance, and
construction of this Agreement shall be governed by the laws of the State of New York,
excluding conflicts of laws provisions. EACH PARTY HERETO HEREBY EXPRESSLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY LAW, ALL RIGHTS TO TRIAL BY JURY IN ANY SUIT, LITIGATION,
ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED UPON CONTRACT, TORT OR OTHERWISE)
ARISING OUT OF OR RELATING TO THIS AGREEMENT.

 

 

	 	 	 	 	 

	 
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	 	21.6.	 	SEVERABILITY. If any of the provisions or portions of this Agreement are
invalid under any applicable statute or rule of law, they are to that extent to be deemed
omitted.

	 	21.7.	 	ASSIGNMENT. Except as otherwise provided in this Agreement, neither party
shall assign or transfer any of its rights or obligations hereunder without the prior
written consent of the other party hereto, which assignment shall not be unreasonably
withheld, and any such attempted assignment shall be void.

	 	21.8.	 	MERGER OF AGREEMENT. This Agreement and/or any SOWs which are issued with
reference to this Agreement and accepted by Consultant constitute the entire understanding
between the parties relating to the subject matter hereof, and supersede all previous
communications, representations, or agreements, either oral or written, with respect to
the subject matter hereof, and no representations or statements of any kind made by any
representative of Consultant or L-3, which are not stated in this Agreement and any SOW,
shall be binding on Consultant or L-3. Where this Agreement conflicts with the terms of
L-3’s SOW, the terms of this Agreement will supersede those of the SOW only to the extent
of such conflict. No addition to or modification of any provision of this Agreement shall
be binding upon Consultant or L-3 unless made in writing and signed by the respective duly
authorized representatives of Consultant and L-3.

	 	21.9	 	EQUITABLE RELIEF. Consultant acknowledges and agrees that money damages
would not be an adequate remedy for any breach of his or her agreements contained in
Section 8 or 12 hereof, and that in addition to any other remedies available to L-3, L-3
shall be entitled to the remedies of injunction, specific performance and other equitable
relief for any threatened or actual breach of the agreements contained in such Sections.

IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be executed on its
behalf by its duly authorized representative.

Dated: June 1, 2010

	 	 	 	 	 
	 	L-3 COMMUNICATIONS CORPORATION

 	 
	 	By:  	/s/ Michael T. Strianese
 	 
	 	 	Name:  	Michael T. Strianese 	 
	 	 	Title:  	Chairman, President and Chief Executive Officer 	 
	 

	 	 	 	 	 
	 	 	 
	 	/s/ Carl E. Vuono
 	 
	 	Carl E. Vuono 	 
	 	 	 
	 

 

 

	 	 	 	 	 

	 
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	PROFESSIONAL SERVICES AGREEMENT

 

	 
	 	 	 	 

ATTACHMENT A

TRAVEL & REIMBURSABLE EXPENSES

Consultant will comply with the following practices when billing for direct out-of-pocket
expenses.

	1.	 	Air transportation expenses: All approved travel should be booked using L-3’s Travel
Service to minimize costs. L-3 will reimburse for first-class fares on domestic flights and
business-class fares for international travel (first class is reimbursable for international
travel only when approved in advance by L-3 Senior Management). Trips should also be booked as
far in advance as possible to qualify for special air fare promotions and discount fares.

	2.	 	Lodging expense: Consultant should coordinate with the L-3 contact designated in the
applicable SOW, to identify hotels with whom L-3 has negotiated special rates, or when such
accommodations are not available, use hotels where corporate discounts are offered.

	3.	 	Meal expenses: The reasonable cost of meals on overnight trips is allowed while
traveling on L-3’s behalf. When dining with L-3 employees, separate checks should be
requested. Entertainment, such as theater tickets and hotel room movies, are personal
expenses, and are not reimbursable. Expenses for meals and other entertainment provided to L-3
employees are not reimbursable. Meals pertaining to travel on one-day trips that meet or
exceed a 55 mile radius, will be reimbursed by L-3.

	4.	 	Alcoholic beverages: Alcoholic beverage costs are not reimbursable under normal
business expenses. It could be covered under rare cases if approved by L-3 Senior Management.
In those cases, all alcoholic beverage expenses will be listed separately as entertaining
expense.

	5.	 	Tips: Tips are an acceptable expense if they represent customary and reasonable
amounts for meals, porter, taxi, or similar services. Tips for meals must be included in the
meal cost and tips for the ground transportation must be included in transportation costs.
Tips to porters, bellhops, etc. should be listed as miscellaneous travel.

	6.	 	Laundry expense: Charges for laundry are reimbursable by L-3 if the trip exceeds
four (4) days.

	7.	 	Car rental: In the U.S., compact cars will be rented when available, and comparable
models will be rented when traveling internationally. All optional insurance for rental cars
while on L-3 business in the U.S. and Canada, are not reimbursable. Optional collision
insurance purchased internationally is acceptable where obligatory. Fines for parking or
traffic violations are not reimbursable expenses whether incurred in a rental car or while
using one’s personal automobile for L-3 business.

	8.	 	Local travel: The approved reimbursement rate for use of one’s personal automobile
for L-3’s business is the maximum amount allowed by current IRS regulations. Local travel
between the Consultant and L-3 as a normal part of doing business is not reimbursable.

	9.	 	Telephone expense: L-3 allows reasonable and customary personal telephone expenses
while traveling (called safe arrival or time of departure calls NTE $10-$20). In those
instances where approved business calls are charged to a personal telephone, the original bill
must be submitted with an explanation for each call. L-3/IS will not be responsible for the
entire phone bill or wireless service or personal in-ternet access.

	10.	 	Expense statements: Expense Statements, when traveling on L-3’s behalf, should
contain information pertaining to only one (1) trip and must be prepared on a timely basis.
Original copies of airline tickets, itinerary and hotel charges, car rentals and other expense
in excess of twenty-five dollars ($25.00) must be included.

 

 

Statement of Work

Carl E. Vuono

This statement of work outlines the tasking associated with consulting services from Carl
E. Vuono (“Consultant”) under the Professional Services Agreement being executed
simultaneously with this statement.

Scope of Work: Consultant shall perform assigned tasks within the scope of the following:

	 	1)	 	Assistance and support in connection with transitioning the position of President of
L-3 Services Group (or its successors) to one or more individuals to be appointed on an
interim or permanent basis.

	 	2)	 	General strategic advice and program support with respect to the business operations
and prospects of L-3 Services Group (or its successors), or with respect to any other
group, subsidiary, division or business unit of L-3 and its direct or indirect
subsidiaries.

	 	3)	 	Advice to L-3 and its groups/divisions in support of key business initiatives,
including selected overseas pursuits.

	 	4)	 	Advice to L-3 and its groups/divisions on matters associated with key USG customers,
including but not limited to the Department of Defense, the services, the COCOMs, the
Department of State (INL and regional bureaus), USAID, US Ambassadors and country teams,
and selected military commanders.

	 	5)	 	Advice to L-3 and its groups/divisions on matters associated with key international
customers, including non-US governments, international organizations, NGOs/PVOs and private
sector entities.

Specific tasks within this scope of work shall be assigned to Consultant by Michael T. Strianese,
Chairman, President and Chief Executive Officer of L-3, Steven Kantor, Senior Vice President and
President of L-3 Services Group, or their respective designees. Except with respect to in-person
meetings and presentations, Consultant may perform all assigned tasks from home or at such other
locations as are reasonably designated by him. Subject to availability, upon request Consultant
will be provided reasonable access to visitors’ officers at L-3 facilities and may reasonably
utilize corporate infrastructure, resources and support services (computers and other IT equipment,
secretarial services, copying, phone, etc.) as may be necessary or appropriate to perform assigned
tasks. During the period of performance, Consultant shall be provided a visitor’s/consultant’s
badge for access to L-3 facilities, which may be used only in accordance with the foregoing.

It is the expectation of the parties that the hours required to perform this scope of work will be
below 20% of Consultant’s typical hours while he was an L-3 employee. In the event that the
parties mutually desire to increase this scope of work, the parties shall amend this agreement to
detail the increased level of work required and shall adjust the rate of pay accordingly.

 

 

Period of Performance: The period of performance is from 1 June 2010 until 31 May 2011.

Rate of Pay: $25,000 per month.

Travel Requirements: The parties do not currently anticipate any significant travel
requirements in connection with the performance of this statement of work. The guidelines in
support of travel reimbursement are in accordance with the Professional Services Agreement (PSA)
and will be reimbursed at actual cost. In the event the parties mutually agree to modify the
anticipated travel requirements, the parties shall consider additional modifications to this
statement of work as may be appropriate to compensate for this change.

All questions pertaining to this Statement of Work are to be directed/coordinated with Michael T.
Strianese, Chairman, President and Chief Executive Officer, L-3 Communications Corporation, 600
Third Avenue, New York, NY 10016

Date: June 1, 2010

L-3 COMMUNICATIONS CORPORATION

By:  /s/ Michael T. Strianese                                                            

Name: Michael T. Strianese

Title: Chairman, President and Chief Executive Officer

 /s/ Carl E. Vuono                                                                
           

Carl E. VuonoExhibit 10.1

Exhibit 10.1

AMENDMENT NO. 4

TO

AMENDED & RESTATED FINANCING AGREEMENT

This Amendment No. 4 to Amended & Restated Financing Agreement (this “Amendment No.
4”) is entered into as of May 13, 2010, by and among G-III Leather Fashions, Inc., a New York
corporation (“G-III Inc.”), J. Percy for Marvin Richards, Ltd., a New York corporation
(“JPMR”), CK Outerwear, LLC, a New York limited liability company (“CKO”), A. Marc
& Co., Inc., a New York corporation (“AMC”), Andrew & Suzanne Company Inc., a New York
corporation (“A&S”), AM Retail Group, Inc., a Delaware corporation (“AMRGI”, and
together with G-III Inc., JPMR, CKO, AMC and A&S, individually a “Company” and
collectively, the “Companies”), JPMorgan Chase Bank N.A. (“JPMC”), The CIT
Group/Commercial Services, Inc., a New York corporation (“CIT”) (JPMC, CIT and the other
financial institutions which are now or hereafter become a party to the Financing Agreement (as
hereafter defined) each a “Lender” and collectively, “Lenders”), and JPMC, as
successor agent to CIT, as agent for Lenders (JPMC, in such capacity, “Agent”).

BACKGROUND

The Companies, Agent and Lenders are parties to an Amended and Restated Financing Agreement,
dated as of April 3, 2008 (as amended by Joinder and Amendment No. 1 to Amended and Restated
Financing Agreement dated as of July 21, 2008, Amendment No. 2 to Amended and Restated Financing
Agreement dated as of April 20, 2009, Amendment No. 3 to Amended & Restated Financing Agreement
dated as of August 31, 2009, and as further amended, restated, modified and/or supplemented from
time to time, the “Financing Agreement”) pursuant to which Agent and Lenders provide the
Companies with certain financial accommodations.

The Companies have requested Agent and Lenders to (a) extend the Termination Date set forth in
the Financing Agreement from July 11, 2011 to July 31, 2013, (b) increase the Line of Credit from
$250,000,000 to $300,000,000, (c) lower the interest rates applicable to the Loans by one-quarter
of one percent (0.25%) and (d) make certain other modifications to the Financing Agreement. Agent
and Lenders are willing to agree to such extension, increase the Line of Credit, lower the interest
rates and amend certain of the terms of the Financing Agreement, all as hereinafter set forth.

NOW, THEREFORE, in consideration of any loan or advance or grant of credit heretofore or
hereafter made to or for the account of the Companies by Agent and Lenders, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto hereby agree as follows:

1. Definitions. All capitalized terms not otherwise defined herein shall have the
meanings given to them in the Financing Agreement.

 

 

 

2. Amendments to Financing Agreement. Subject to satisfaction of the conditions
precedent set forth in Section 3 below, the Financing Agreement is hereby amended as follows:

(a) Section 1.1 of the Financing Agreement is hereby amended by inserting a definition for the
new term “Net Equity Raised and Retained”, in its appropriate alphabetical order, to provide as
follows:

Net Equity Raised and Retained shall mean an amount equal to (a) 100% of the
net cash proceeds from the sale of equity securities by Parent at any time during
the period from November 1, 2009 through the Termination Date minus (b) any
Permitted Distributions during the period from the date such equity securities are
issued through the date of the applicable acquisition and minus (c) any “net
cash losses” sustained by Parent and its Subsidiaries during the period from the
date such equity securities are issued through the date of the applicable
acquisition. For purposes of this definition, “net cash losses” shall mean (x) all
earnings of Parent and its Subsidiaries on a consolidated basis for such period
before depreciation and amortization expenses minus (y) Capital
Expenditures during such period.

(b) Section 1.1 of the Financing Agreement is hereby further amended by restating the
definitions of the terms “Applicable Margin”, “Commitment”, “Line of Credit”, “Line of Credit Fee”,
“Revolving Line of Credit”, “Supplemental Amount” and “Termination Date” to provide as follows:

Applicable Margin shall mean, with respect to (a) the Revolving Loans, plus
0.50% for Chase Bank Rate Loans and 2.75% for LIBOR Loans, (b) standby Letters of
Credit, 1.50%, (c) documentary Letters of Credit, 0.125%, or (d) Bankers
Acceptances, the discount rate of JPMorgan Chase Bank, N.A. plus 2.50%.

Commitment shall mean, as to each Lender, the amount of the Commitment for
such Lender set forth (a) on the signature page to this Financing Agreement, (b) in
the Assignment and Transfer Agreement to which such Lender is a party, or (c) on the
signature page to any amendment to this Agreement executed by all Lenders, as such
amount may be reduced or increased in accordance with the provisions of Section
13.4(b) or any other applicable provision of this Financing Agreement.

Line of Credit shall mean, with the aggregate commitment of the Lenders in
an amount equal to $300,000,000 to (a) make Revolving Loans pursuant to Section
3 of this Financing Agreement, and (b) assist any Company in opening Letters of
Credit and/or Bankers Acceptances pursuant to Section 5 of this Financing
Agreement.

Line of Credit Fee shall mean, for any month, the product obtained by
multiplying (a) (i) the amount of the Revolving Line of Credit minus (ii)
the average daily principal balance of Revolving Loans and the average daily undrawn
amount of Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway
Releases outstanding during such month, times (b) one-quarter of one percent
(0.25%) per annum for the number of days in said month;
provided, however, that the Line of Credit Fee during any one year
period commencing on each April 1 and ending on the day before each anniversary
thereof shall not exceed $375,000.

 

2

 

Revolving Line of Credit shall mean the Commitments of the Lenders to make
Revolving Loans pursuant to Section 3 of this Financing Agreement and assist
the Companies in opening Letters of Credit, Bankers Acceptances, Steamship
Guarantees and Airway Releases pursuant to Section 5 of this Financing
Agreement, in an aggregate amount equal to $300,000,000.

Supplemental Amount shall mean the following amounts during the following
periods during each calendar year, in each case minus all Supplemental Amount
Reductions:

	 	 	 	 	 
	Period	 	Supplemental Amount	 
	 	 	 	 	 
	May 1 through and including May 31
	 	$	20,000,000	 
	June 1 through and including June 30
	 	$	30,000,000	 
	July 1 through and including July 31
	 	$	35,000,000	 
	August 1 through and including September 29
	 	$	40,000,000	 
	September 30 through and including October 15
	 	$	0	 

Termination Date shall mean July 31, 2013.

(c) Clause (d) of the definition of “Permitted Distributions” appearing in Section 1.1 of the
Financing Agreement is hereby amended by inserting the following immediately prior to the words “to
fund a Special Capital Expenditure” appearing therein:

either (A) in connection with a Permitted Acquisition or (B)

 

3

 

(d) Paragraph 7.3(a) of the Financing Agreement is hereby amended by restating the required
Senior Leverage Ratio levels to be maintained as at the end of each fiscal quarter ending after the
date hereof, on a trailing twelve months basis, to be not greater than the following for the
applicable test period:

	 	 	 	 	 
	Twelve Months Ending	 	Senior Leverage Ratio	 
	 	 	 	 	 
	April 30, 2010
	 	 	2.50 to 1.00	 
	July 31, 2010
	 	 	5.00 to 1.00	 
	October 31, 2010
	 	 	5.60 to 1.00	 
	January 31, 2011
	 	 	2.40 to 1.00	 
	April 30, 2011
	 	 	2.50 to 1.00	 
	July 31, 2011
	 	 	5.00 to 1.00	 
	October 31, 2011
	 	 	5.60 to 1.00	 
	January 31, 2012
	 	 	2.40 to 1.00	 
	April 30, 2012
	 	 	2.50 to 1.00	 
	July 31, 2012
	 	 	5.00 to 1.00	 
	October 31, 2012
	 	 	5.60 to 1.00	 
	January 31, 2013
	 	 	2.40 to 1.00	 
	April 30, 2013
	 	 	2.50 to 1.00	 

(e) Paragraph 7.3(b) of the Financing Agreement is hereby amended by restating the required
Fixed Charge Coverage Ratio levels to be maintained as at the end of each fiscal quarter ending
after the date hereof, on a trailing twelve months basis, to be not less than the following for the
applicable test period:

	 	 	 	 	 
	Twelve Months Ending	 	Fixed Charge Coverage Ratio	 
	 	 	 	 	 
	April 30, 2010
	 	 	1.00 to 1.00	 
	July 31, 2010
	 	 	1.00 to 1.00	 
	October 31, 2010
	 	 	1.10 to 1.00	 
	January 31, 2011
	 	 	1.10 to 1.00	 
	April 30, 2011
	 	 	1.00 to 1.00	 
	July 31, 2011
	 	 	1.00 to 1.00	 
	October 31, 2011
	 	 	1.10 to 1.00	 
	January 31, 2012
	 	 	1.10 to 1.00	 
	April 30, 2012
	 	 	1.00 to 1.00	 
	July 31, 2012
	 	 	1.00 to 1.00	 
	October 31, 2012
	 	 	1.10 to 1.00	 
	January 31, 2013
	 	 	1.10 to 1.00	 
	April 30, 2013
	 	 	1.00 to 1.00	 

(f) Paragraph 7.4(g)(I) of the Financing Agreement is hereby amended and restated in its
entirety to provide as follows:

(I) the aggregate consideration in respect of all acquisitions contemplated
by this clause (g) shall not exceed, during the period commencing May 1,
2010 and continuing through the Termination Date, the sum of (x) $35,000,000
in cash (whether payable on or prior to the closing thereof or at any time
thereafter through and including the Termination Date, but excluding any
contingent “earn out” payments relating to such Permitted Acquisition;
provided, however, that no more than $5,000,000 of such
amount shall be available for acquisitions that are not in the same line of
business as the Companies on the Closing Date or a complementary line of
business), plus (y) an amount equal to any
consideration payable in the form of additional capital stock of Parent
issued to the applicable seller in connection with such acquisition (“Seller
Issued Equity”), plus (z) without duplication of any Seller Issued
Equity, an amount equal to any Net Equity Raised and Retained;
provided, further, that the aggregate consideration (whether
cash or non-cash) in respect of all acquisitions contemplated by this clause
(g) shall not exceed, during the term of this Agreement, the sum of
$70,000,000;

 

4

 

(g) Paragraph 7.4(l) of the Financing Agreement is hereby deleted in its entirety.

(h) Paragraph 10.1(k) of the Financing Agreement is hereby deleted in its entirety.

3. Conditions of Effectiveness. This Amendment No. 4 shall become effective as of the
date hereof upon satisfaction of the following conditions: Agent shall have received:

(a) Fifteen (15) copies of this Amendment No. 4 duly executed by the Companies, Agent and all
Lenders, and consented to by each Guarantor;

(b) Payment of an amendment fee in an amount equal to 15 basis points on the aggregate amount
of the Commitments in effect immediately prior to the date hereof, for an aggregate amendment fee
of $375,000, for the ratable benefit of all Lenders, which fee shall be fully earned and
non-refundable on the effective date of this Amendment No. 4;

(c) Payment of an upfront fee in an amount equal to 25 basis points on the aggregate
$50,000,000 increase in the Commitments as of the effective date of this Amendment No. 4, for an
aggregate upfront fee of $125,000, for the ratable benefit of all Lenders increasing their
Commitment as of the effective date of this Amendment No. 4, pro rata based upon each Lender’s
respective increase, which fee shall be fully earned and non-refundable on the effective date of
this Amendment No. 4; and

(d) such other certificates, instruments, documents and agreements as may reasonably be
required by Agent or its counsel, each of which shall be in form and substance satisfactory to
Agent and its counsel.

4. Representations and Warranties. Each of the Companies hereby represents, warrants
and covenants as follows:

(a) This Amendment No. 4, the Financing Agreement and the other Loan Documents are and shall
continue to be legal, valid and binding obligations of each of Companies and Guarantors,
respectively, and are enforceable against each Company and each Guarantor in accordance with their
respective terms.

 

5

 

(b) Upon the effectiveness of this Amendment No. 4, each Company and each Guarantor hereby
reaffirms all covenants, representations and warranties made in the Financing Agreement and the
other Loan Documents and agrees that all such covenants, representations and warranties shall be
deemed to have been remade and are true and correct in all material
respects as of the effective date of this Amendment No. 4, after giving effect to this
Amendment No. 4, provided, however, that the information contained in the Schedules attached to the
Financing Agreement continues to be true, correct and complete as of the Closing Date, and there
have been no changes to such matters as of the date hereof except to the extent any such change
would not have a Material Adverse Effect, constitute a Default or Event or Default, or otherwise
require notice to the Agent in accordance with the terms of the Financing Agreement.

(c) Each Company and each Guarantor has the corporate or limited liability company power, and
has been duly authorized by all requisite corporate or limited liability company action, to execute
and deliver this Amendment No. 4 and to perform its obligations hereunder. This Amendment No. 4
has been duly executed and delivered by each Company and consented to by each Guarantor.

(d) Each Company has no defense, counterclaim or offset with respect to any of the Loan
Documents.

(e) The Loan Documents are in full force and effect, and are hereby ratified and confirmed.

(f) The recitals set forth in the Background section above are truthful and accurate and are
an operative part of this Amendment No. 4.

(g) Agent and Lenders have and will continue to have a valid first priority lien and security
interest in all Collateral except for liens permitted by the Financing Agreement, and each Company
and each Guarantor expressly reaffirms all guarantees, security interests and liens granted to
Agent and Lenders pursuant to the Loan Documents.

(h) No Defaults or Events of Default are in existence.

5. Effect of Agreement.

(a) Except as specifically modified herein, the Financing Agreement, and all other documents,
instruments and agreements executed and/or delivered in connection therewith, shall remain in full
force and effect, and are hereby ratified and confirmed.

(b) The execution, delivery and effectiveness of Amendment No. 4 shall not operate as a
waiver of any right, power or remedy of Agent or any Lender, nor constitute a waiver of any
provision of the Financing Agreement, or any other documents, instruments or agreements executed
and/or delivered under or in connection therewith.

6. Governing Law. This Amendment No. 4 shall be binding upon and inure to the benefit
of the parties hereto and their respective successors and assigns and shall be governed by and
construed in accordance with the laws of the State of New York.

 

6

 

7. Headings. Section headings in this Amendment No. 4 are included herein for
convenience of reference only and shall not constitute a part of this Amendment No. 4 for any other
purpose.

8. Counterparts; Facsimile. This Amendment No. 4 may be executed by the parties
hereto in one or more counterparts, each of which shall be deemed an original and all of which when
taken together shall constitute one and the same agreement. Any signature delivered by a party by
facsimile or other electronic transmission (including in “pdf” format) shall be deemed to be an
original signature hereto.

[signature pages follow]

 

7

 

IN WITNESS WHEREOF, this Amendment No. 4 has been duly executed as of the day and year first
written above.

	 	 	 	 	 	 	 
	 	 	G-III LEATHER FASHIONS, INC., as	 	 
	 	 	a Company and the Funds Administrator	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Neal S. Nackman
 

Name: Neal S. Nackman
	 	 
	 

	 	 	 	Title: Vice President — Finance	 	 
	 
	 	 	 	 	 	 
	 	 	J. PERCY FOR MARVIN RICHARDS, LTD., as a Company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Neal S. Nackman
 

Name: Neal S. Nackman
	 	 
	 

	 	 	 	Title: Secretary	 	 
	 
	 	 	 	 	 	 
	 	 	CK OUTERWEAR, LLC, as a Company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Neal S. Nackman
 

Name: Neal S. Nackman
	 	 
	 

	 	 	 	Title: Secretary	 	 
	 
	 	 	 	 	 	 
	 	 	A. MARC & CO., INC., as a Company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Neal S. Nackman
 

Name: Neal S. Nackman
	 	 
	 

	 	 	 	Title: Vice President — Finance and Secretary	 	 
	 
	 	 	 	 	 	 
	 	 	ANDREW & SUZANNE COMPANY INC., as a Company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Neal S. Nackman
 

Name: Neal S. Nackman
	 	 
	 

	 	 	 	Title: Vice President — Finance and Secretary	 	 

Signature page to Amendment No. 4- 1852027

 

 

 

	 	 	 	 	 	 	 
	 	 	AM RETAIL GROUP, INC., as a Company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Michael Brady
 

Name:  Michael Brady
	 	 
	 

	 	 	 	Title: Controller and Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	JPMORGAN CHASE BANK, N.A., as Lender and as Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Donna M. DiForio
 

Name:  Donna M. DiForio
	 	 
	 

	 	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	Commitment: $42,500,000	 	 
	 	 	Pro Rata Percentage: 14.168%	 	 
	 
	 	 	 	 	 	 
	 	 	THE CIT GROUP/COMMERCIAL SERVICES, INC., as Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Edward J. Ahearn
 

Name: Edward J. Ahearn
	 	 
	 

	 	 	 	Title: Senior Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	Commitment: $15,000,000	 	 
	 	 	Pro Rata Percentage: 5.000%	 	 
	 
	 	 	 	 	 	 
	 	 	HSBC BANK USA, NATIONAL ASSOCIATION, as Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Michael P. Behuniak
 

Name: Michael P. Behuniak
	 	 
	 

	 	 	 	Title: 

	 	 
	 
	 	 	Commitment: $38,500,000	 	 
	 	 	Pro Rata Percentage: 12.833%	 	 

Signature page to Amendment No. 4- 1852027

 

 

 

	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	SOVEREIGN BANK, as Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Matilda Reyes
 

Name:  Matilda Reyes
	 	 
	 

	 	 	 	Title: Senior Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	Commitment: $30,000,000	 	 
	 	 	Pro Rata Percentage: 10.000%	 	 
	 
	 	 	 	 	 	 
	 	 	ISRAEL DISCOUNT BANK OF NEW YORK, as Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Irene B. Spector	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:  Irene B. Spector	 	 
	 

	 	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ George Commander	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:  George Commander	 	 
	 

	 	 	 	Title: Senior Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	Commitment: $30,000,000	 	 
	 	 	Pro Rata Percentage: 10.000%	 	 
	 
	 	 	 	 	 	 
	 	 	TD BANK, N.A., as Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Evan Kraus	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Evan Kraus	 	 
	 

	 	 	 	Title: Vice President	 	 
	 
	 	 	Commitment: $30,000,000	 	 
	 	 	Pro Rata Percentage: 10.000%	 	 

Signature page to Amendment No. 4- 1852027

 

 

 

	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	SIGNATURE BANK, as Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Susan M. Duggan	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Susan M. Duggan	 	 
	 

	 	 	 	Title: Senior Lender & Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	Commitment: $15,000,000	 	 
	 	 	Pro Rata Percentage: 5.000%	 	 
	 
	 	 	 	 	 	 
	 	 	BANK LEUMI USA, as Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Iris Steinhardt	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:  Iris Steinhardt	 	 
	 

	 	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Nancy Pulla
 

Name:  Nancy Pulla
	 	 
	 

	 	 	 	Title: Assistant Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	Commitment: $18,500,000	 	 
	 	 	Pro Rata Percentage: 6.166%	 	 
	 
	 	 	 	 	 	 
	 	 	WEBSTER BUSINESS CREDIT, as Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Daniel Stampfel	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Daniel Stampfel	 	 
	 

	 	 	 	Title: Vice President	 	 
	 
	 	 	Commitment: $18,500,000	 	 
	 	 	Pro Rata Percentage: 6.166%	 	 

Signature page to Amendment No. 4- 1852027

 

 

 

	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A., as Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Naomi Hasegawa	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Naomi Hasegawa	 	 
	 

	 	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	Commitment: $28,500,000	 	 
	 	 	Pro Rata Percentage: 9.500%	 	 
	 
	 	 	 	 	 	 
	 	 	WELLS FARGO BANK, N.A., as Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert Maichin
 

Name: Robert Maichin
	 	 
	 

	 	 	 	Title: Senior Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	Commitment: $33,500,000	 	 
	 	 	Pro Rata Percentage: 11.167%	 	 
	 
	 	 	 	 	 	 
	 	 	ACKNOWLEDGED AND AGREED TO	 	 
	 	 	BY EACH OF THE GUARANTORS:	 	 
	 
	 	 	 	 	 	 
	 	 	G-III APPAREL GROUP, LTD.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Neal S. Nackman
 

Name:  Neal S. Nackman
	 	 
	 

	 	 	 	Title: Chief Financial Officer and Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	G-III RETAIL OUTLETS INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Neal S. Nackman
 

Name:  Neal S. Nackman
	 	 
	 

	 	 	 	Title: Vice President — Finance	 	 

Signature page to Amendment No. 4- 1852027

 

 

 

	 	 	 	 	 	 	 
	 	 	G-III LICENSE COMPANY, LLC	 	 
	 
	 	 	By: G-III Apparel Group, Ltd.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Neal S. Nackman
 

Name: Neal S. Nackman
	 	 
	 

	 	 	 	Title: Chief Financial Officer & Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	G-III BRANDS, LTD.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Neal S. Nackman
 

Name: Neal S. Nackman
	 	 
	 

	 	 	 	Title: Vice President — Finance	 	 
	 
	 	 	 	 	 	 
	 	 	AM APPAREL HOLDINGS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Michael Brady
 

Name: Michael Brady
	 	 
	 

	 	 	 	Title: Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	ASH RETAIL CORP.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Michael Brady
 

Name: Michael Brady
	 	 
	 

	 	 	 	Title: Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	ASH RETAIL OF EASTHAMPTON, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Michael Brady
 

Name: Michael Brady
	 	 
	 

	 	 	 	Title: Treasurer	 	 

Signature page to Amendment No. 4- 1852027

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