Document:

Agreement and General Release

 Exhibit 10.1 
 

 
 AGREEMENT AND GENERAL RELEASE 
 i2 Technologies, Inc., hereinafter (“Employer”) and Barbara Stinnett, hereinafter (“Employee”), her heirs, executors, administrators,
successors, and assigns, agree that: 
 WHEREAS, Employee wishes to resign from all employee and officer positions and offices with the
Company and its subsidiaries and the Company has agreed to accept such resignations, 
  

	 	1.	Last Day of Employment: Employee’s last day of employment with Employer is July 31, 2007. 

  

	 	2.	Consideration: In consideration for signing this Agreement and General Release and compliance with the promises made herein, Employer agrees: 

  

	 	a.	to pay to Employee six months of salary, at her normal rate of pay, plus six months of OTE potential, less lawful deductions, after receiving this signed agreement and all company
property. Employee will remain on the i2 payroll for the duration of the severance period and will receive her severance in semi-monthly payments. The Employee, will not accrue additional vacation, nor be eligible for any additional incentive
programs or option grants which may occur after her resignation date of July 31, 2007. While remaining on the payroll for salary and benefit continuation purposes, Employee will be a terminated Employee. However, should employee obtain
employment with another entity during this period, the Company, may at its election pay to Employee the balance of her severance in a lump sum. 

  

	 	b.	the Employer and Employee will continue to pay their respective share of benefits while the Employee remains on salary continuation. If Employee elects to continue medical and
dental coverage in accordance with the continuation requirements of COBRA thereafter, Employee shall be entitled to elect to continue such COBRA coverage for the remainder of the COBRA period, at her own expense. However, should employee obtain
employment with another entity during this period, her benefits will immediately be discontinued. 

  

	 	c.	additionally, in consideration for the Employee’s execution of the Agreement and General Release, the Company will forward vest that portion of Restricted Stock Units
(3,333) eligible for vesting on August 21, 2007, arising from the original grant on August 21, 2006, and further, the Company will forward vest that portion of Restricted Stock Units (5,000) eligible for vesting on
October 3, 2007, arising from your New Hire Grant as set forth in your Employment Agreement. Employee understands and acknowledges that any other RSU’s or stock options not vested as of the execution of this Agreement will be cancelled.

  

	 	3.	No Consideration Absent Execution of this Agreement: Employee understands and agrees that she would not otherwise be entitled to receive the monies and/or benefits specified
in paragraph “2” above, except for her execution of this Agreement and General Release and the fulfillment of the promises contained herein. 

  
 CORPORATE HEADQUARTERS, 11701 LUNA ROAD, DALLAS TX 75234 tel: 469-357-1000 www.i2.com 
  

			
	 Barbara Stinnett
	  	Initial:                    

	 	4.	The parties agree to the issuance of a press release in the form of Exhibit A attached hereto. 

  

	 	5.	Revocation: Employee may revoke this Agreement and General Release for a period of seven (7) calendar days following the day she executes this Agreement and General
Release. Any revocation within this period must be submitted, in writing, to Elizabeth Quaye, One i2 Place 11701 Luna Road Dallas, TX 75234 and state, “I hereby revoke my acceptance of our Agreement and General Release.” The
revocation must be personally delivered to Elizabeth Quaye or her designee, or faxed to Elizabeth Quaye at 469-357-6893, within seven (7) calendar days of execution of this Agreement and General Release. This Agreement and General
Release shall not become effective or enforceable until the revocation period has expired. If the last day of the revocation period is a Saturday, Sunday, or legal holiday in the state in which Employee was employed at the time of her last day of
employment, then the revocation period shall not expire until the next following day which is not a Saturday, Sunday, or legal holiday. 

  

	 	6.	General Release of Claims: IN CONSIDERATION OF good and valuable consideration, the receipt of which is hereby acknowledged, and in consideration of the terms and conditions
contained in this Agreement and General Release (the “Agreement”) by and between Barbara Stinnett (the “Employee”) and i2 Technologies, Inc. (the “Company”), the Employee on behalf of herself and
her heirs, executors, administrators and assigns, releases and discharges the Company and its past, present and future subsidiaries, divisions, affiliates and parents, and their respective current and former officers, directors, employees, agents
and/or owners, and their respective successors and assigns, and any other person or entity claimed to be jointly or severally liable with the Company or any of the aforementioned persons or entities (the “Released Parties”),
from any and all manner of actions and causes of action, suits, debts, dues, accounts, bonds, covenants, contracts, agreements, judgments, charges, claims and demands whatsoever (“Losses”) which the Employee and her heirs,
executors, administrators and assigns had, have or may hereafter have against the Released Parties or any of them arising out of or by reason of any cause, matter or thing whatsoever from the beginning of the world to the date of execution of this
Agreement, including without limitation any and all matters relating to the Employee’s employment with the Company, its subsidiaries or affiliates and the cessation of any thereof, and any and all matters arising under any federal, state or
local statute, rule or regulation, or principle of contract law or common law, including but not limited to the Family and Medical Leave Act of 1993, as amended, 29 U.S.C. §§ 2601 et seq., Title VII of the Civil Rights Act of
1964, as amended, 42 U.S.C. §§ 2000 et seq., the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. §§ 621 et seq. (the “ADEA”), the Americans with Disabilities Act of
1990, as amended, 42 U.S.C. §§ 12101 et seq., the Worker Adjustment and Retraining Notification Act of 1988, as amended, 29 U.S.C. §§2101 et seq., the Employee Retirement Income Security Act of 1974,
as amended, 29 U.S.C. §§ 1001 et seq., the Texas Labor Code, Tex. Labor Code §§ 21.001 et seq., the Minnesota Civil Rights Act, as amended; the Minnesota Minimum Wage Law, as amended; Equal Pay Law for
Minnesota, as amended; and any other equivalent or similar federal, state or local statute; provided, however, that the Employee does not release or discharge the Released Parties from any of the Company’s obligations to her under the
Agreement; any vested benefit the Employee may be due under a tax qualified plan sponsored or maintained by the Company; any rights of indemnification Employee may have pursuant to Company policy or under any applicable D&O policy; or Losses
under the ADEA which arise after the date on which the Employee executes this general release. It is understood that nothing in this general release is to be construed as an admission on behalf of the Released Parties of any wrongdoing with respect
to the Employee, any such wrongdoing being expressly denied. The Effective Date of this Agreement shall be August 6, 2007. 

  
 CORPORATE HEADQUARTERS, 11701 LUNA ROAD, DALLAS TX 75234 tel: 469-357-1000 www.i2.com 
  

			
	 Barbara Stinnett
	  	Initial:                    

 The Employee represents and warrants that she fully understands the terms of this general release, that
she is hereby being advised in writing to seek, and has sought, the benefit of advice of legal counsel, and that she knowingly and voluntarily, of her own free will, without any duress, being fully informed, and after due deliberation, accepts its
terms and signs below as her own free act. Except as otherwise provided herein, the Employee understands that as a result of executing this general release, she will not have the right to assert that the Company or any other of the Released Parties
unlawfully terminated her employment or violated any of her rights in connection with her employment or otherwise. 
 The Employee further
represents and warrants that she has not filed, and will not initiate or cause to be initiated on her behalf, any complaint, charge, claim or proceeding against any of the Released Parties before any federal, state or local agency, court or other
body relating to any claims barred or released in this General Release and will not voluntarily participate in such a proceeding. However, nothing in this general release shall preclude or prevent the Employee from filing a claim which challenges
the validity of this general release solely with respect to the Employee’s waiver of any Losses arising under the ADEA. The Employee shall not accept any relief obtained on her behalf by any government agency, private party, class of litigants
or otherwise with respect to any claims covered by this General Release. 
  

	 	7.	Affirmations: Employee affirms that she has not filed, caused to be filed, or presently is a party to any claim, complaint, or action against Employer in any forum or form.
Employee further affirms that she has been paid and has received all leave (paid or unpaid), compensation, wages, bonuses, commissions, and/or benefits to which she may be entitled and that no other leave (paid or unpaid), compensation, wages,
bonuses, commissions and/or benefits are due to her, except as provided in this Agreement and General Release. Employee furthermore affirms that she has no known workplace injuries or occupational diseases and has been provided and/or has not been
denied any leave requested under the Family and Medical Leave Act. 

  

	 	8.	Confidential Information and Non-Disparagement: 

  

	 	(a)	Confidential Information: Employee acknowledges that, during the course of her employment, she has received Confidential Information (as defined below) in order to perform
her job. The Employee shall not, without the prior express written consent of the Company, directly or indirectly, divulge, disclose or make available or accessible any Confidential Information (as defined below) to any person, firm, partnership,
corporation, trust or any other entity or third party (other than when required to do so by a lawful order of a court of competent jurisdiction or any governmental authority or agency). In addition, the Employee shall not create any derivative work
or other product based on or resulting from any Confidential Information. The Employee shall also proffer to the Company’s General Counsel, no later than the effective date of this Agreement, and without retaining any copies, notes or excerpts
thereof, all memoranda, computer disks or other media, computer programs, diaries, notes, records, data, customer or client lists, marketing plans and strategies, and any other documents consisting of or containing Confidential Information that are
in the Employee’s actual or constructive possession or which are subject to her control at such time. For purposes of this Agreement, “Confidential Information” shall mean all information respecting the business and activities
of the Company, or any subsidiary or affiliate of the Company, including, without limitation, the clients, customers, suppliers, employees, consultants, computer or other files, projects, products, computer disks or other media, computer hardware or
computer software programs, marketing plans, financial information, methodologies, know-how, processes, practices, approaches, projections, forecasts, formats, systems, data gathering methods and/or strategies 

  
 CORPORATE HEADQUARTERS, 11701 LUNA ROAD, DALLAS TX 75234 tel: 469-357-1000
www.i2.com 
  

			
	 Barbara Stinnett
	  	Initial:                    

	 	 
of the Company or any subsidiary or affiliate. Notwithstanding the immediately preceding sentence, Confidential Information shall not include any information
that is, or becomes, generally available to the public (unless such availability occurs as a result of the Employee’s breach of any portion of this Section 3(a)). Additionally, the Employee agrees to continue to comply with the terms and
provisions of the Employee Proprietary Information Agreement (the “Proprietary Information Agreement”) dated on or about September 26, 2005 and the terms and provisions of such agreement shall be deemed incorporated into this
Agreement by reference thereto. 

  

	 	(b)	Non-disparagement: The Employee shall not at any time make any statement or representation, written or oral, which the Employee knows or should know will, or which the
Employee knows or should know is reasonably likely to, impair, bring into disrepute, or adversely affect in any way the reputation, good will, business, customer or supplier relationships, or public relations of the Company, any subsidiary, any
affiliate, any successor, and/or any person or entity which the Employee knows or should know is one of the following: (i) a member of the Board or the board of directors of any subsidiary and/or any affiliate of the Company, (ii) an
employee of the Company or any subsidiary and/or any affiliate of the Company, (iii) a person or entity who has or has had a legal or beneficial ownership interest in the Company or any subsidiary and/or any affiliate of the Company (an
“Owner”), and/or (iv) an owner, employee, director, partner, representative of and/or adviser to any such Owner. 

  

	 	9.	Non-Compete and Non-Solicitation : 

  

	 	(a)	Non-Competition: For a period of 6 months from the effective date of this agreement, the Employee shall not, directly or indirectly, provide any services (whether as an
employee, agent, consultant, advisor or independent contractor or in any other capacity, directly or indirectly) to the following Competitors of the Company or any subsidiary or affiliate of the Company: Oracle, SAP, Manhattan, JBA or Red Prairie.
Notwithstanding the foregoing, the Employee shall not be prohibited during the Restricted Period from being a passive investor where the Employee owns not more than five percent (5%) of the outstanding capital stock of any publicly-held
company. 

  

	 	(b)	Non-Solicitation: For a period of 12 months from the effective date of this agreement, the Employee shall not, directly or indirectly, request, advise or suggest nor shall
the Employee, directly or indirectly, assist any other person or entity to request, advise, or suggest to any customer and/or vendor of the Company or any subsidiary or affiliate of the Company, that the customer and or vendor curtail, cancel or
withdraw its business from the Company or any subsidiary or affiliate of the Company or that the customer and/or vendor not expand its relationship with the Company or any subsidiary or affiliate of the Company. The Employee shall not directly or
indirectly solicit or accept the business of any customer or prospect of the Company or any subsidiary or affiliate of the Company with whom the Employee (i) had any contact during the Employee’s last twelve (12) months of employment
with the Company, or (ii) had any access to the Company’s Confidential Information with respect to the customer or prospect during the last twelve (12) months of the Employee’s employment with the Company. The Employee shall not
induce or solicit any employee, consultant or independent contractor of the Company or any subsidiary or affiliate of the Company to leave the employ or service of the Company or any subsidiary or affiliate of the Company. 

 

	 	10.	Scope of Agreement; Enforceability: Employee agrees that the restrictions contained in paragraphs 8 and 9 herein are reasonable as to time, scope of activity restricted, and

  
 CORPORATE HEADQUARTERS, 11701 LUNA ROAD, DALLAS
TX 75234 tel: 469-357-1000 www.i2.com 
  

			
	 Barbara Stinnett
	  	Initial:                    

	 	 
geographical or customer restriction and that such are reasonably necessary to protect the legitimate business interests of the Company, including its
Confidential Information and good will and that such restrictions will not impose any substantial hardship on Employee. Employee agrees that if she, or anyone on her behalf, challenges in any way the enforceability of such paragraphs, her
outstanding stock options shall cease to be exercisable. Should any portion of paragraphs 8 or 9 for any reason be found unenforceable as a result of such challenge, Employee shall be obligated to return to the Company, within thirty (30) days
of such finding, the value of any profits received by the Employee through exercise of such options. This Agreement shall inure to the benefit of and be enforceable by the Employee’s heirs, beneficiaries and/or legal representatives. This
Agreement shall inure to the benefit of and be enforceable by the Company and its successors and assigns. If any term or provision of this Agreement, or the application thereof to any person or circumstances, shall to any extent be invalid or
unenforceable, the remainder of this Agreement, or the application of such term or provision to persons or circumstances other than those as to which it is invalid or unenforceable, shall not be affected thereby, and each term and provision of this
Agreement shall be valid and enforceable to the fullest extent permitted by law. 

  

	 	11.	Material Inducements: The provisions of Sections 8 and 9 of this Agreement are material inducements to the Company entering into and performing this Agreement. In the event
of any breach or threatened breach of the provisions of Sections 8 and 9 of this Agreement by the Employee, in addition to all other remedies at law or in equity possessed by the Company, the Company shall have the right to cancel any unexercised
Options, with no further compensation due to the Employee, and/or to require that the Employee repay any of the profits received by the Employee through exercise of any Options. The Employee acknowledges and agrees that the Company will have no
adequate remedy at law, and would be irreparably harmed, if the Employee breaches or threatens to breach any of the provisions of Sections 8 and 9 of this Agreement. The Employee further agrees that the Company shall be entitled to equitable and/or
injunctive relief to prevent any breach or threatened breach of Sections 8 and 9 of this Agreement, and to specific performance of each of the terms of such Sections in addition to any other legal or equitable remedies that the Company may have,
without any requirement to post bond or other security. The Employee also agrees that she shall not, in any equity proceeding relating to the enforcement of the terms of this Agreement, raise the defense that the Company has an adequate remedy at
law. 

  

	 	12.	Assistance: The Employee agrees to personally provide reasonable assistance and cooperation to the Company in activities related to the prosecution or defense of any pending
or future lawsuits or claims involving the Company, and the Company will reimburse the Employee for reasonable out-of-pocket costs incurred in rendering such assistance. 

  

	 	13.	Notices: All notices and other communications hereunder shall be in writing and shall be deemed given when received by hand-delivery to the other party, by facsimile
transmission, by overnight courier, or by registered or certified mail, return receipt requested, postage prepaid, addressed as follows: 

  

	 	    	If to the Employee, at her residence address most recently filed with the Company 

  

			
	          If to the Company:
	 	John Harvey, Esq.
		 	General Counsel
		 	i2 Technologies, Inc.
		 	11701 Luna Road
		 	Dallas, Texas 75234
		 	Facsimile No: (469) 357-6566

  
 CORPORATE
HEADQUARTERS, 11701 LUNA ROAD, DALLAS TX 75234 tel: 469-357-1000 www.i2.com 
  

			
	 Barbara Stinnett
	  	Initial:                    

	 	    	or to such other address as either party shall have furnished to the other in writing in accordance herewith. Notices and communications shall be effective when actually received by
the addressee. 

  

	 	14.	Expense reimbursement: All expenses incurred on behalf of i2 must be submitted within 30 days of the Employee’s resignation date for reimbursement. If such expenses are
not submitted within that 30 day time frame, i2 will not be responsible for reimbursing the Employee. 

  

	 	15.	Payroll Deduction Authorization: Employee agrees to sign and return the attached Payroll Deduction Authorization Form as an eligibility requirement for receiving Severance
benefits. 

  

	 	16.	Governing Law and Interpretation: This Agreement and General Release shall be governed and conformed in accordance with the laws of the state of Texas without regard to its
conflict of laws provision. In the event the Employee breaches any provision of this Agreement and General Release, Employee and Employer affirm that either may institute an action to specifically enforce any term or terms of this Agreement and
General Release, and if such an action is commenced, the governing venue for such action shall be in Dallas County, Texas. Should any provision of this Agreement and General Release be declared illegal or unenforceable by any court of competent
jurisdiction and cannot be modified to be enforceable, excluding the general release language, such provision shall immediately become null and void, leaving the remainder of this Agreement and General Release in full force and effect.

  

	 	17.	Non-admission of Wrongdoing: The Parties agree that neither this Agreement and General Release nor the furnishing of the consideration for this Release shall be deemed or
construed at anytime for any purpose as an admission by either party, or evidence of any liability or unlawful conduct of any kind. 

  

	 	18.	Resignation As Officer and Director: If you are an officer and/or director, you resign as an officer and director of the Employer, and all related corporations (as
applicable), effective as of July 31, 2007. 

  

	 	19.	Amendment: This Agreement and General Release may not be modified, altered or changed except in writing and signed by both parties wherein specific reference is made to this
Agreement and General Release. 

  

	 	20.	Violation of Agreement: If you violate any of the terms of this Agreement, our obligation to make payments or provide other benefits under this Agreement will stop
immediately, and you will be required to return all payments which you have already received. In such an event, your release of claims against us, i2 Technologies, and any related person or entity, as outlined in this Agreement, will continue to
apply. If we incur any attorney’s fees or other costs as a result of your violating this Agreement, you agree to reimburse us for those fees and costs. 

  

	 	21.	Withholding: All payments and any option exercises hereunder shall be subject to any required withholding of federal, state and local taxes pursuant to any applicable law or
regulation. 

  

	 	22.	Understanding of Terms: You, and we, acknowledge that we both have read this Agreement completely, and fully understand the terms, nature and effect of this Agreement, which
we both voluntarily execute in good faith. 

  
 CORPORATE HEADQUARTERS, 11701 LUNA ROAD, DALLAS TX 75234 tel: 469-357-1000 www.i2.com 
  

			
	 Barbara Stinnett
	  	Initial:                    

	 	23.	Advice of Counsel: Employee is hereby advised to seek legal advice prior to executing this Agreement or the General Release. 

  

	 	24.	Counterparts: Duplicate copies of this Agreement may be signed, and each copy will be considered an original document, but when taken together, all copies will constitute one
Agreement. 

 Entire Agreement: This Agreement and General Release sets forth the entire agreement between the
parties hereto, and fully supersedes and terminates any prior agreements or understandings between the parties, except for the Employee Proprietary Information Agreement as well as the invention and non-disclosure agreements contained therein, the
i2 Technologies 1995 Stock Option/Stock Issuance Plan, and any applicable arbitration agreement previously executed by Employee, these enumerated documents or agreements will remain effective, notwithstanding the execution of this release. Employee
acknowledges that she has not relied on any representations, promises, or agreements of any kind made to her in connection with her decision to accept this Agreement and General Release, except for those set forth in this Agreement and General
Release. 
 EMPLOYEE HAS BEEN ADVISED THAT SHE HAS BEEN GIVEN AT LEAST FORTY-FIVE (45) CALENDAR DAYS TO CONSIDER THIS AGREEMENT AND
GENERAL RELEASE AND HAS TAKEN SUCH TIME TO CONSIDER THIS AGREEMENT OR HAS WAIVED HER RIGHT TO DO SO AND HAS BEEN ADVISED IN WRITING TO CONSULT WITH AN ATTORNEY PRIOR TO EXECUTION OF THIS AGREEMENT AND GENERAL RELEASE. 
 EMPLOYEE AGREES THAT ANY MODIFICATIONS, MATERIAL OR OTHERWISE, MADE TO THIS AGREEMENT AND GENERAL RELEASE DO NOT RESTART OR AFFECT IN ANY MANNER THE
ORIGINAL FORTY-FIVE (45) CALENDAR DAY CONSIDERATION PERIOD. 
 HAVING ELECTED TO EXECUTE THIS AGREEMENT AND GENERAL RELEASE, TO
FULFILL THE PROMISES SET FORTH HEREIN, AND TO RECEIVE THEREBY THE SUMS AND BENEFITS SET FORTH IN PARAGRAPH “2” ABOVE, EMPLOYEE FREELY AND KNOWINGLY, AND AFTER DUE CONSIDERATION, ENTERS INTO THIS AGREEMENT AND GENERAL RELEASE INTENDING TO
WAIVE, SETTLE AND RELEASE ALL CLAIMS SHE HAS OR MIGHT HAVE AGAINST EMPLOYER. 
 IN WITNESS WHEREOF, the parties hereto knowingly and
voluntarily executed this Agreement and General Release as of the date set forth below: 
  

									
	i2 Technologies	 		 		 	
					
	By:	 	/s/ John Harvey	 		 	Date:	 	    August 6, 2007
		 	 John Harvey
 General Counsel
	 		 		 	
					
		 	/s/ Barbara Stinnett	 		 	Date:	 	    August 6, 2007
		 	Barbara Stinnett	 		 		 	

  
 CORPORATE
HEADQUARTERS, 11701 LUNA ROAD, DALLAS TX 75234 tel: 469-357-1000 www.i2.com 
  

			
	 Barbara Stinnett
	  	Initial:Form of Warrant issued by Cygne Designs, Inc.

 Exhibit 4.1 
 WARRANT TO PURCHASE 
 SHARES OF COMMON STOCK 
 OF 
 CYGNE DESIGNS, INC.

 DATE OF INITIAL ISSUANCE: JULY 31, 2007 
 THIS CERTIFIES THAT, for value received,
                 (the “Holder”) is entitled to purchase, subject to the exercise and other provisions of this Warrant, from Cygne Designs, Inc.,
a Delaware corporation (the “Company”), at any time beginning on the ninetieth (90th) day following the date of initial issuance and
ending at 5:00 P.M. Eastern Time on July 30, 2012 (the “Expiration Date”), up to                  shares (as such number of shares may be
adjusted in accordance with Section 2 hereof, the “Warrant Shares”) of the Company’s common stock, par value $0.01 per share (the “Common Stock”), in whole or in part, at an exercise price per share of
$1.95 (subject to adjustment as provided in Section 2 hereof, the “Exercise Price”). This Warrant shall expire on the Expiration Date, and shall become void thereafter. 
 WHEREAS, the Company proposes to sell, pursuant to Securities Purchase Agreements, dated as of the date hereof (the “Purchase
Agreement”), by and among the Company, the Holder and the other Purchasers named therein, an aggregate of up to 3,780,000 shares of the Company’s Common Stock and, as an inducement for the Purchasers to purchase such shares, the
Company also proposes to grant to the Purchasers Warrants to purchase an aggregate of up to 1,512,000 shares of the Company’s Common Stock. 
 NOW, THEREFORE, in consideration of the premises, the mutual agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally
bound, agree as follows: 
 Section 1. Exercise of Warrant. 
 1.1. Vesting. The Holder’s rights under this Warrant shall fully be fully vested as of the date hereof; provided that this Warrant may only be
exercised during the Exercise Period (as hereinafter defined). 
 1.2. Exercisability. This Warrant shall be exercisable, in whole or
in part, beginning on the ninetieth (90th) day following the date of initial issuance until the Expiration Date (such period, the “Exercise Period”). 
 1.3. Procedure for Exercise of Warrant. 
 (a) To exercise this Warrant in whole or in part, the Holder shall deliver to the
Company, at 11 W. 42nd Street, Ninth Floor, New York, NY 10036, Facsimile No. (212) 997-7758, Attention: Chief Financial Officer: (i) a completed
and signed Notice of Exercise (including the Substitute Form W-9, which forms a part thereof), as attached hereto as Schedule A; (ii) delivery of payment to the Company of the Exercise Price in any manner specified in subsection
(c) of this Section 1.3; and (iii) this Warrant. Upon irrevocable payment in good collected funds of the aggregate Exercise Price (rounded up to the nearest cent) for the Warrant Shares being purchased, the Holder shall be deemed to
be the holder of record of such Warrant Shares, notwithstanding that the stock transfer books of the Company may then be closed or that certificates representing such Warrant Shares may not then be actually delivered to the Holder.

  

 - i - 

 (b) The Company shall, as promptly as practicable after completion of the actions
specified in Section 1.3(a) above (the “Date of Exercise”), and in no event later than three (3) business days after the Date of Exercise, cause to be executed, and deliver to the Holder a certificate representing the aggregate
number of Warrant Shares specified in the Notice of Exercise. Each stock certificate so delivered shall be in such denomination as may be requested by the Holder and shall be registered in the name of the Holder. If this Warrant shall have been
exercised only in part, the Company shall, at the time of delivery of said stock certificate or certificates, deliver to the Holder a new Warrant evidencing the right of the Holder to purchase the remaining Warrant Shares covered by this Warrant.
The Company shall pay all expenses, stock transfer taxes and other charges payable in connection with the preparation, execution and delivery of such stock certificates. 
 (c) The Exercise Price shall be payable (i) in cash or its equivalent, payable by wire transfer of immediately available funds to a
bank account specified by the Company or by certified or bank cashiers’ check in lawful money of the United States of America; or (ii) by presentation and surrender of this Warrant to the Company at its principal offices with a written
notice of the Holder’s intention to effect a cashless exercise, including a calculation of the number of shares of Common Stock to be issued upon such exercise in accordance with the terms hereof (a “Cashless Exercise”). In the
event of a Cashless Exercise, in lieu of paying the Exercise Price in cash, the Holder shall surrender this Warrant, in whole or in part, for that number of shares of Common Stock determined by multiplying the number of Warrant Shares to which such
Holder would otherwise be entitled by a fraction, the numerator of which shall be the excess of the then Current Market Price per share of Common Stock over the Exercise Price, and the denominator of which shall be the then Current Market Price per
share of Common Stock. For purposes of this subsection (c), “Current Market Price” means, with respect to the Common Stock, on any given day, (i) the trading average of the closing price as reported on the Nasdaq Capital Market
(or other comparable system) as of the close of business on the ten business days immediately preceding the date on which the Holder surrenders this Warrant to the Company for the purposes of the Cashless Exercise, not identified as having been
reported late to such system during regular trading hours, or (ii) if the Common Stock is so traded, but not so reported, the average of the average of the last bid and ask prices as those prices are reported on the Nasdaq Capital Market (or
other comparable system) during regular trading hours on the ten business days immediately prior to the date on which the Holder surrenders this Warrant to the Company for the purposes of the Cashless Exercise, or (iii) if the Common Stock is
not listed or authorized for trading on the Nasdaq Capital Market or any comparable system, the average of the closing bid and ask prices as furnished by two members of the National Association of Securities Dealers, Inc. selected from time to time
in good faith by the Board of Directors for that purpose. If the Common Stock is not listed and traded in a manner that the quotations referred to above are available for the period required hereunder, the Current Market Price per share of Common
Stock shall be deemed to be the fair value per share of such security as determined in good faith by the Board of Directors. For purposes of Rule 144 promulgated under the Securities Act, it is intended, understood and acknowledged that the Warrant
Shares issued in a Cashless Exercise transaction shall be deemed to have been acquired by the Holder, and the holding period for the Warrant Shares shall be deemed to have commenced, on the date this Warrant was originally issued. 
 (d) The Company’s obligations to issue and deliver Warrant Shares in accordance with the terms hereof are absolute and unconditional,
irrespective of any action or inaction by the Holder to enforce the same, any waiver or consent with respect to any provision hereof, the 

  

 - ii - 

 
recovery of any judgment against any person or entity or any action to enforce the same, or any setoff, counterclaim, recoupment, limitation or termination,
or any breach or alleged breach by the Holder or any other person or entity of any obligation to the Company or any violation or alleged violation of law by the Holder or any other person or entity, and irrespective of any other circumstance which
might otherwise limit such obligation of the Company to the Holder in connection with the issuance of Warrant Shares. Nothing herein shall limit a Holder’s right to pursue any other remedies available to it hereunder, at law or in equity
including, without limitation, a decree of specific performance and/or injunctive relief with respect to the Company’s failure to timely deliver certificates representing Warrant Shares upon exercise of the Warrant as required pursuant to the
terms hereof. 
 1.4. Restrictive Legend. Each certificate for Warrant Shares shall contain the following legend: 
 “THIS SECURITY (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THE SECURITY EVIDENCED HEREBY MAY NOT BE OFFERED, SOLD, PLEDGED, HYPOTHECATED, OR OTHERWISE TRANSFERRED OR DISPOSED OF ABSENT SUCH REGISTRATION OR AN APPLICABLE
EXEMPTION THEREFROM. 
 THE HOLDER OF THIS SECURITY AGREES FOR THE BENEFIT OF THE ISSUER THAT SUCH SECURITY MAY BE
OFFERED, RESOLD, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED OR DISPOSED OF, ONLY (1) (A) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, (B) OUTSIDE THE UNITED STATES TO A FOREIGN PERSON IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 904 UNDER THE SECURITIES ACT, (C) PURSUANT TO ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL IF THE COMPANY SO REQUESTS) OR (D) TO THE
COMPANY, AND (2) IN EACH CASE, IN ACCORDANCE WITH APPLICABLE BLUE SKY LAWS AND THE SECURITIES LAWS OF ANY OTHER APPLICABLE DOMESTIC OR FOREIGN JURISDICTION. THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER FROM
IT THAT THE SECURITY EVIDENCED HEREBY IS SUBJECT TO THE FOREGOING RESALE RESTRICTIONS.” 
 The certificates shall also bear any
additional legends that are required by, or are appropriate with respect to the rules and regulation of, any state, local, foreign or other securities authorities. The Company’s transfer agent and registrar will maintain stop transfer
instructions on record for the Warrant Shares until it has been notified by the Company, upon the advice of counsel, that such instructions may be waived. Such stop transfer instructions will limit the method of sale of the Warrant Shares,
consistent with Rule 144 or other available exemptions from registration under the Securities Act of 1933, as amended. Any transfers other than pursuant to Rule 144 will require an opinion of counsel reasonably satisfactory to the Company and its
counsel prior to such transfers. 
 1.5. Character of Warrant Shares. The Company represents and warrants that all Warrant Shares
shall be duly authorized, validly issued, and, upon payment of the Exercise Price therefor, fully paid and nonassessable, and free from all taxes, liens, hypothecations, security interests, adverse claims or 

  

 - iii - 

 
interests and charges created in respect of the issue thereof, other than those created by the Holder. Each person in whose name any such certificate for
Warrant Shares is issued shall for all purposes be deemed to have become the holder of record of the Common Stock represented thereby on the Exercise Date of the Warrants resulting in the issuance of such shares, irrespective of the date of issuance
or delivery of such certificate. 
 1.6 No Fractional Shares. The Company shall have no obligation to issue fractional shares, or
scrip representing fractional shares, of its Common Stock under this Warrant, and, to the extent that the Holder would otherwise be entitled to purchase and/or receive fractional shares of Common Stock hereunder, the Company shall, in lieu of
issuing such fractional share, pay to the Holder an amount in cash equal to the product of (x) the Current Market Price per share of Common Stock, times (y) a fraction equal to the fraction of a share of Common Stock into which this
Warrant would otherwise be exercisable. 
 Section 2. Certain Adjustments. 
 2.1. Stock Dividends, Subdivisions and Combinations. If at any time the Company shall: 
 (a) establish a record date for the determination of holders of record of its Common Stock for the purpose of entitling them to receive a
dividend payable in, or other distribution of, additional shares of the Company’s Common Stock, 
 (b) subdivide its
outstanding shares of Common Stock into a larger number of shares of Common Stock, or 
 (c) combine its outstanding shares of
Common Stock into a smaller number of shares of Common Stock, 
 then (1) the Warrant Shares for which this Warrant is exercisable immediately after the
occurrence of any such event shall be adjusted to equal the number of shares of Common Stock which a record holder of the same number of shares of Common Stock for which this Warrant is exercisable immediately prior to the occurrence of such event
would own or be entitled to receive after the happening of such event, and (2) the Exercise Price shall be adjusted to equal (x) the Exercise Price multiplied by the Warrant Shares for which this Warrant is exercisable immediately prior to
the adjustment divided by (y) the Warrant Shares for which this Warrant is exercisable immediately after such adjustment. 
 2.2.
Adjustment Procedures. The following provisions shall be applicable to adjustments to be made pursuant to Section 2.1 hereof: 
 (a) When Adjustments to be Made. The adjustments required by this Section 2 shall be made whenever and as often as any event requiring an adjustment shall occur. For the purpose of any such adjustment, any
event shall be deemed to have occurred at the close of business on the date of its occurrence. 
 (b) Fractional
Interests. In computing adjustments under this Section 2, fractional interests in the Common Stock shall be taken into account to the nearest 1/10th of a share. Subject to Section 1.6, in no event, however, shall fractional shares or
scrip representing fractional shares be issued upon the exercise of this Warrant. 
 (c) When Adjustment Not Required.
If the Company shall establish a record date for the determination of the holders of record of the Common Stock for the purpose of entitling such 

  

 - iv - 

 
holders to receive a dividend payable in Common Stock and shall, thereafter and before the distribution to shareholders thereof, legally abandon its plan to
pay or deliver such dividend, then no adjustment shall be required by reason of the establishment of such record date and any such adjustment previously made in respect thereof shall be rescinded and annulled. 
 2.3. Reorganization, Reclassification, Merger, Consolidation or Share Exchange. If the Company at any time reorganizes or reclassifies the
outstanding shares of Common Stock (other than a change in par value, or from no par value to par value, or from par value to no par value, or as a result of a subdivision or combination) or consolidates with, merges into, or effects a share
exchange with, another corporation (where the Company is not the continuing corporation after such merger or consolidation), then the Holder shall thereafter be entitled to receive upon exercise of this Warrant in whole or in part, the same kind and
number of shares of stock and other securities, cash or other property (and upon the same terms and with the same rights) as would have been distributed to the Holder upon such reorganization, reclassification, consolidation, merger or share
exchange had the Holder exercised this Warrant immediately prior to such reorganization, reclassification, consolidation, merger or share exchange (subject to subsequent adjustments under this Section 2), and the Exercise Price shall be
adjusted appropriately to reflect such action and adjustment. 
 If any such reorganization, reclassification, consolidation, merger or share
exchange results in a cash distribution in excess of the Exercise Price provided by this Warrant, the Holder may, at the Holder’s option, exercise this Warrant without making payment of the Exercise Price, and in such case the Company or its
successors and assigns shall, upon distribution to such Holder, consider the Exercise Price to have been paid in full, and in making settlement to such Holder, shall deduct an amount equal to the Exercise Price from the amount payable to such
Holder. Notwithstanding anything herein to the contrary, the Company will not effect any such reorganization, reclassification, merger, consolidation or share exchange unless prior to the consummation thereof, the corporation that may be required to
deliver any stock, securities or other assets upon the exercise of this Warrant shall agree by an instrument in writing to deliver such stock, cash, securities or other assets to the Holder. A sale, transfer or lease of all or substantially all of
the assets of the Company to another person shall be deemed a reorganization, reclassification, consolidation, merger or share exchange for the foregoing purposes. 
 2.4. Officer’s Certificate. Upon each adjustment of the Exercise Price and the Warrant Shares issuable upon the exercise of this Warrant, and in the event of any change in the rights of the Holder by
reason of other events herein set forth, then and in each such case, the Company will promptly prepare a certificate of a responsible officer of the Company, stating the adjusted Exercise Price, the adjusted number of Warrant Shares so issuable, and
setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based. The Company will promptly mail a copy of such certificate to the Holder. Such calculation shall be final and binding on the parties and
shall be conclusive evidence of the correctness of the computation with respect to any such adjustment of the Exercise Price and any such change in the number of Warrant Shares so issuable, absent manifest error. 
 2.5 Notice of Certain Proposed Actions. In the event the Company shall propose to take any action of the types described in Sections 2.1 or 2.3
above, then the Company shall forward, at the same time and in the same manner, to the Holder such notice and related proxy or other materials, if any, that the Company gives to the holders of the Common Stock. Failure to give such notice, or any
defect therein, however, shall not affect the legality or validity of any such action. 
  

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 Section 3. Ownership and Transfer. 
 3.1. Ownership. The Company may deem and treat the person in whose name this Warrant is registered as the Holder and owner hereof (notwithstanding
any notations of ownership or writing hereon made by anyone other than the Company) for all purposes and shall not be affected by any notice to the contrary until presentation of this Warrant to the Company for registration of transfer. 

3.2. Transfers. Upon the sale, disposition, transfer or conveyance of this Warrant, the purchaser, transferee or other recipient hereof shall,
together with the previous Holder hereof, promptly notify the Company of such sale, disposition, transfer or conveyance and shall provide such recipient’s name, address and capacity in which this Warrant is held, and present such other
information as the Company may reasonably request, and such recipient will thereafter be subject to, and bound by, the terms and provisions of, this Warrant to the same extent as the previous Holder. 
 3.3. Replacement. Upon receipt by the Company of evidence reasonably satisfactory to it of the loss, theft or destruction of this Warrant, and of
indemnity or security reasonably satisfactory to it, or upon surrender of this Warrant if mutilated, the Company will make and deliver a new Warrant of like tenor, in lieu of this Warrant. This Warrant shall be promptly canceled by the Company upon
the surrender hereof in connection with any transfer or replacement. Except as otherwise provided above in the case of the loss, theft or destruction of a Warrant, the Company shall pay all expenses, taxes and other charges payable in connection
with any transfer or replacement of this Warrant. Applicants for such substitute Warrants shall also comply with such other reasonable regulations and pay such other reasonable charges incidental thereto as the Company may reasonably prescribe. Any
such new Warrant shall constitute an original contractual obligation of the Company, whether or not the allegedly lost, stolen, mutilated or destroyed Warrant shall at any time be presented. 
 3.4 Cancellation of Warrant. Any Warrant surrendered upon exercise or for split up, combination, exchange or transfer, or purchased or otherwise
acquired by the Company, shall be cancelled and shall not be reissued by the Company; and, except as provided herein in the case of the purchase of less than all of the Warrant Shares that the Holder may purchase hereunder or in the case of a split
up, combination, exchange or transfer, no Warrant shall be issued hereunder in lieu of such cancelled Warrant. Any Warrant so cancelled shall be marked cancelled and destroyed by the Company and shall be of no force or effect. 
 Section 4. Miscellaneous. 
 4.1
Reservation of Shares. The Company covenants that, at all times during the Exercise Period, it will reserve from its authorized and unissued Common Stock a sufficient number of shares to provide for the issuance of Common Stock upon the
exercise of this Warrant, as well as for the issuance of Common Stock pursuant to any other outstanding warrants, options or other instruments convertible or exercisable into the Company’s Common Stock, and with respect to any employee benefit
or similar plans. 
 4.2 No Rights as Shareholder; Limitation of Liability. This Warrant shall not entitle the Holder to any of the
rights of a shareholder of the Company, including, without limitation, the right to vote, to receive dividends and other distributions, or to receive any notice of, or to attend, meetings of Company shareholders, prior to exercise of this Warrant
and irrevocable payment in good, collected funds of the Exercise Price therefor. 
 4.3 Amendment. This Warrant may only be modified
or amended and any provision hereof may only be waived by a writing executed by the Company and the Holder of this Warrant. 
  

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 4.4 Successors and Assigns. This Warrant shall be binding upon, and inure to the benefit of, the
parties hereto and their respective successors and assigns permitted hereunder, and no other parties shall have any rights hereunder. The Company will not merge or consolidate with or into any other corporation or other entity or sell or otherwise
transfer its property, assets and business substantially as an entirety to a successor corporation or other entity, unless the corporation or other entity resulting from such merger, consolidation, sale or transfer (if not the Company) shall
expressly assume, by supplemental agreement, the due and punctual performance and observance of each and every covenant and condition of this Warrant to be performed and observed by the Company. 
 4.5 Governing Law. This Warrant shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware.

 4.6 Entire Agreement; Other Benefits. The Holder is entitled, with respect to his ownership of this Warrant and/or the Warrant
Shares to the benefits of the Securities Purchase Agreements, dated as of the date hereof (the “Purchase Agreement”), by and among the Company, the Holder and the other Purchasers named in the Purchase Agreement. Except as otherwise
expressly provided herein, this Warrant (including the Purchase Agreement and any other agreements, instruments and other documents referred to herein or therein) constitutes the entire agreement among the parties hereto with respect to the
transactions contemplated hereunder and supersedes all prior arrangements or understandings with respect thereto, written or oral. 
 4.7
Standing. Nothing in this Warrant is intended, or shall be construed, to confer upon, or give to, any person other than the Company and the Holder any right, remedy or claim under or by reason of this Agreement or of any covenant, condition,
stipulation, promise or agreement contained herein. All covenants, conditions, stipulations, promises and agreements contained in this Warrant shall be for the sole and exclusive benefit of the Company and its successors, and the Holder, and no
other person shall have any other rights or interests herein, whether as third party beneficiaries or otherwise. 
 4.8 Headings, etc.
The descriptive headings of the articles and sections of this Warrant are inserted for convenience of reference only and shall not control or affect the meaning or construction of any of the provisions hereof. As under herein, the singular shall
include the plural and the terms “include” and “including” shall mean without limitation by way of enumeration or otherwise. 
 4.9 Counterparts. This Warrant may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 
 [Signatures on following page.] 
  

 - vii - 

 IN WITNESS WHEREOF, the parties hereto have set their hands as of the date first written above.

  

			
	CYGNE DESIGNS, INC.
		
	By:	 	  

		 	Name: Bernard Manuel
		 	Title: CEO
	
	THE HOLDER
	
	  

	Name:	 	
		 	Authorized Signatory

  

 - viii - 

 SCHEDULE A 
 NOTICE OF EXERCISE OF 
 WARRANT TO PURCHASE COMMON STOCK OF 
 CYGNE DESIGNS, INC. 
 To: Cygne Designs, Inc.

 The undersigned, the registered owner of this Warrant, hereby irrevocably elects to exercise the purchase rights represented thereby for,
and to purchase thereunder,              shares of Common Stock of Cygne Designs, Inc. and 
              herewith makes payment of $             therefore; or 
              hereby elects a “Cashless Exercise” as defined and in the
manner stated in Section 1.3(c) of this Warrant; and 
 requests that the certificates evidencing such shares be issued in the name of
and be delivered to 
  

					
	Name:	  	  
	  	
			
	Address:	  	  
	  	
			
		  	  
	  	
			
	 Social Security or
Tax I.D. Number:
	  	  
	  	

 and if such shares shall not be all of the shares purchasable hereunder, that a new Warrant of like tenor for the
balance of the shares purchasable hereunder be delivered to the undersigned. 
 Dated:
                     
  

			
		 	THE HOLDER
		
	By:	 	  

		 	Name:

  

 - ix - 

 SUBSTITUTE FORM W-9 
 Under the penalties of perjury, I certify that: 
 (1) the Social Security Number or Taxpayer Identification
Number given below is correct; and 
 (2) I am not subject to backup withholding either because I have not been notified that I am subject to
backup withholding as a result of a failure to report all interest or dividends, or because the Internal Revenue Service has notified me that I am no longer subject to backup withholding. 
 Important Instructions: You must cross out #2 above if you have been notified by the Internal Revenue Service that you are subject to backup
withholding because of under reporting interest or dividends on your tax return and if you have not received a notice from the Internal Revenue Service advising you that backup withholding due to notified payee under reporting has terminated. For
additional instructions, please refer to the attached “Guidelines for Certification of Taxpayer Identification Number on Substitute Form W-9.” 
  

			
	Signature*:	 	  

	
	Date:                     ,

 Social Security Number or Taxpayer Identification Number:
                     
  

	*	If a corporation, please sign in full corporate name by president or other authorized officer. When signing as officer, attorney, custodian, trustee, administrator, guardian, etc.,
please give your full title as such. In case of joint tenants, each person must sign. 

 THIS NOTICE OF EXERCISE SHALL NOT BE
GIVEN EFFECT 
 BY THE COMPANY UNLESS THE HOLDER OF THE UNDERLYING 
 WARRANT HAS PROPERLY COMPLETED AND SIGNED BOTH 
 THE NOTICE OF EXERCISE FORM AND THE
SUBSTITUTE FORM W-9. 
  

 - x -

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