Document:

EX-10.2

 Exhibit 10.2 
  

 
  

SHARED SERVICES AGREEMENT 
 by and
between 
 KELLWOOD COMPANY, LLC 

and 
 VINCE, LLC 

Dated as of [            ], 2013 

 
  

 

 TABLE OF CONTENTS 

 

							
	ARTICLE I Definitions	  	 	1	  
	 1.1
	    	Certain Defined Terms in this Agreement	  	 	1	  
	 1.2
	    	Interpretation	  	 	4	  
		
	ARTICLE II Services	  	 	4	  
	 2.1
	    	Service Schedules.	  	 	4	  
	 2.2
	    	Performance of Services	  	 	4	  
		
	ARTICLE III Charges and Billing; Taxes	  	 	6	  
	 3.1
	    	Fees for Services	  	 	6	  
	 3.2
	    	Fees for New Services	  	 	6	  
	 3.3
	    	Fees for Services Provided by Third Party Service Providers	  	 	6	  
	 3.4
	    	Invoices	  	 	6	  
	 3.5
	    	Quarterly True-Up	  	 	7	  
	 3.6
	    	Late Payments	  	 	8	  
	 3.7
	    	Taxes	  	 	8	  
		
	ARTICLE IV Term	  	 	8	  
	 4.1
	    	Agreement	  	 	8	  
	 4.2
	    	Service Schedules	  	 	8	  
	 4.3
	    	Termination for Cause	  	 	8	  
	 4.4
	    	Termination of Individual Services	  	 	8	  
	 4.5
	    	Termination Assistance	  	 	9	  
		
	ARTICLE V Confidentiality	  	 	9	  
	 5.1
	    	Confidential Information	  	 	9	  
	 5.2
	    	Standard of Care; Disclosure	  	 	10	  
	 5.3
	    	Data Privacy	  	 	10	  
		
	ARTICLE VI Indemnification	  	 	10	  
	 6.1
	    	Obligation of the Service Provider to Indemnify	  	 	10	  
	 6.2
	    	Obligation of the Recipient to Indemnify	  	 	10	  
		
	ARTICLE VII Exclusion of Certain Damages and Sole Remedy	  	 	10	  
	 7.1
	    	EXCLUSION OF CERTAIN DAMAGES AND SOLE REMEDY	  	 	10	  
	 7.2
	    	Sole Remedy	  	 	11	  
	 7.3
	    	Disclaimer of Warranties	  	 	11	  
	 7.4
	    	Force Majeure	  	 	11	  
	 7.5
	    	Specific Performance	  	 	11	  
		
	ARTICLE VIII Miscellaneous	  	 	12	  
	 8.1
	    	Shared Contracts	  	 	12	  
	 8.2
	    	Independent Contractors	  	 	12	  
	 8.3
	    	Employees	  	 	13	  
	 8.4
	    	Intellectual Property	  	 	13	  
	 8.5
	    	Dispute Resolution	  	 	13	  

							
	 8.6
	    	Notices	  	 	14	  
	 8.7
	    	Successors and Assigns	  	 	15	  
	 8.8
	    	Amendment and Waiver.	  	 	15	  
	 8.9
	    	Counterparts	  	 	15	  
	 8.10
	    	Headings	  	 	15	  
	 8.11
	    	Governing Law	  	 	15	  
	 8.12
	    	Severability	  	 	15	  
	 8.13
	    	Entire Agreement	  	 	15	  
	 8.14
	    	Further Assurances	  	 	16	  
	 8.15
	    	Publicity	  	 	16	  

  
 ii 

 SHARED SERVICES AGREEMENT 

THIS SHARED SERVICES AGREEMENT (this “Agreement”) is made and entered into as of
[            ], 2013 (“Effective Date”) by and between Kellwood Company, LLC, a Delaware limited liability company (“Kellwood”) and Vince, LLC, a Delaware
limited liability company (“Vince”). Each of Kellwood and Vince are referred to herein sometimes as a “Party” and together as the “Parties.” 

WITNESSETH: 
 WHEREAS,
each of the Parties has requested that the other Party provide certain services to the first Party; and 
 WHEREAS, each of the Parties has
agreed to provide services to and accept services from the other Party. 
 NOW, THEREFORE, in consideration of the promises and the
respective representations, warranties, covenants, agreements, and conditions contained herein, the Parties agree as follows. 
 ARTICLE I

 Definitions 
 1.1
Certain Defined Terms in this Agreement. The following terms when used in this Agreement with initial capital letters shall have the respective meanings set forth in this Section 1.1. 

(a) “Accounting Firm” shall mean Ernst & Young, and if Ernst & Young refuses or is unable to perform the
requested services, Deloitte. If Deloitte refuses or is unable to perform the requested services, Kellwood and Vince shall negotiate in good faith to agree upon a different valuation firm, which valuation firm shall not be one of the ten largest
accounting firms in the United States. 
 (b) “Agreement” shall have the meaning set forth in the preamble. 

(c) “Affiliate” of any particular Person means any other Person controlling, controlled by or under common control with such
particular Person, where “control” means the possession, directly or indirectly, of the power to direct the management and policies of a Person whether through the ownership of voting securities, contract or otherwise; provided that
with respect to either Party to this Agreement, the other Party shall not be deemed to be its Affiliate. 
 (d) “Business
Day” means any day that is not a Saturday, a Sunday or a day on which banks are required to be closed in the state of New York. 

(e) “Confidential Information” means all information of a confidential or proprietary nature (whether or not specifically
labeled or identified as “confidential”), in any form or medium, that relates to the business, products, financial condition, services, or research 

 
or development of either Party or their respective suppliers, distributors, customers, independent contractors or other business relations. Confidential Information includes, but is not limited
to, the following: (i) internal business and financial information (including information relating to strategic and staffing plans and practices, business, finances, training, marketing, promotional and sales plans and practices, cost, rate and
pricing structures and accounting and business methods); (ii) identities of, individual requirements of, specific contractual arrangements with, and information about, either Party’s suppliers, distributors, customers, independent
contractors or other business relations and their confidential information; (iii) trade secrets, know-how, compilations of data and analyses, techniques, systems, formulae, recipes, research, records,
reports, manuals, documentation, models, data and databases relating thereto; (iv) inventions, innovations, improvements, developments, methods, designs, analyses, drawings, reports and all similar or related information (whether or not
patentable); and (v) other intellectual property rights. Notwithstanding the foregoing, “Confidential Information” does not include (a) information that either Party can demonstrate was or has become generally available to
the public other than as a result of disclosure by such Party or its Affiliates, (b) information that is disclosed to a Party or its Affiliates, other than under an obligation of confidentiality, by a third party who had no obligation not to
disclose such information to others or (c) information that is independently developed after the date hereof by a Party or its Affiliates without the use of the other Party’s or its Affiliates’ Confidential Information. 

(f) “Effective Date” shall have the meaning set forth in the preamble. 

(g) “Fees” shall mean the charges for the Services payable by the Recipient to Service Provider. 

(h) “Governmental Authority” means any government, nation, state, province, territory or any political subdivision thereof
and any department, commission, board, bureau, agency, instrumentality, or other regulatory authority of any of the foregoing, whether federal, state, local transnational or foreign. 

(i) “Law” means any applicable law, rule, regulation, judgment, injunction, order, decree or other restriction of any
Governmental Authority. 
 (j) “Loss” shall have the meaning set forth in Section 6.1. 

(k) “Kellwood Business” means the business of Kellwood immediately prior to the Closing, other than the Vince Business. 

(l) “New Services” means any services that prior to the date of this Agreement were not received by the Recipient through or
from the Service Provider and which are added to the Schedules after the Effective Date pursuant to Section 2.1(b) upon mutual agreement by the Parties. 

(m) “New Services Fees” means the fees for New Services, which shall be mutually agreed upon in good faith by the Parties.

  
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 (n) “Person” means an individual, sole proprietorship, a partnership, a
corporation, a limited liability company, an association, a joint stock company, a trust, a joint venture, an unincorporated organization or a Governmental Authority. 

(o) “Prime Rate” means the rate that Wells Fargo (or its successor or another major money center commercial bank agreed to
by the parties) announces as its prime lending rate, as in effect from time to time. 
 (p) “Recipient” means a Party in
its capacity of receiving Services from the other Party. 
 (q) “Recipient Expense” means any amounts that may be paid by
Service Provider on behalf of Recipient, including payroll, benefits, taxes, vendor payments or any other Recipient related expenses. 

(r) “Schedule” means a schedule attached hereto. 

(s) “Service Provider” means a Party in its capacity of providing Services to the other Party. 

(t) “Service Term” means the term of each Service which shall begin on the Effective Date, or such later date, if any, set
forth on the Schedule related to such Service, and shall continue indefinitely unless (i) an express expiration date is set forth in the applicable Schedule with respect to such Service, in which case such Service Term shall be through the
expiration date expressly set forth in the applicable Schedule with respect to such Service (unless terminated earlier pursuant to Section 4.3 or Section 4.4) or (ii) terminated pursuant to Section 4.3 or
Section 4.4. 
 (u) “Services” means (i) the services set forth on the Schedules attached hereto,
(ii) if not set forth on the Schedules attached hereto, such other services that the Recipient received through or from the Service Provider in the ordinary course of business within the twelve (12) months prior to the date of this
Agreement and which are requested in writing by the Recipient (other than legal services, store design and any other services that Vince is currently performing as of the date hereof, which shall not be services hereunder) and (iii) the New
Services, in each case as further described in Article II. 
 (v) “Third Party Service Provider” means a third
party that has been engaged by a Service Provider to assist in the delivery and performance of its obligations under this Agreement. 
 (w)
“Term” means the period commencing on the Effective Date and, unless sooner terminated pursuant to the terms hereof, continuing in effect until the termination of all Service Terms. 

(x) “Vince Business” means the design, development, manufacturing, sourcing, marketing, licensing, distribution and sale of
Vince branded apparel and related accessories through wholesale, retail stores, e-commerce and any other distribution channels. 

  
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 1.2 Interpretation. When a reference is made to an Article, Section or Schedule, such
reference shall be to an Article, Section or Schedule of or to this Agreement unless otherwise indicated. Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be
followed by the words “without limitation” and, unless the context otherwise requires, “neither,” “nor,” “any,” “either” and “or” shall not be exclusive. Unless the context requires
otherwise, words using the singular or plural number also include the plural or singular number, respectively, and the use of any gender herein shall be deemed to include the other genders. 

ARTICLE II 
 Services

 2.1 Service Schedules. 

(a) Commencing on the Effective Date and continuing throughout the Service Term applicable to each Service, the Service Provider (including
through its Affiliates and Third Party Service Providers) shall provide the Services to the Recipient pursuant to the terms of this Agreement and as set forth in the Schedules. In the event of any discrepancy between this Agreement and any Schedule,
this Agreement shall govern unless the Schedule expressly overrides this Agreement. 
 (b) Unless otherwise expressly set forth on any
particular Schedule or Schedules (in which such case the terms set forth on such Schedule or Schedules shall govern the modification or supplementation of such Schedule or Schedules), after the date hereof, the Schedules may be modified or
supplemented only by mutual agreement of the Parties. 
 (c) Notwithstanding the fact that prior to the Effective Date the Service Provider
may have performed Services without charge for the Recipient according to past practice in the ordinary course of business, the Recipient is hereby required to pay the Service Provider for such Services in accordance with the terms of the Agreement
including Article III hereof. 
 2.2 Performance of Services. 

(a) The Service Provider covenants that it shall perform the Services in a commercially reasonable and workmanlike manner, and in any case, in
a manner consistent with the level of services such Service Provider would in similar circumstances provide to its Affiliates through its companies or businesses, or as otherwise provided in the Schedules. During the Term, the Service Provider shall
use commercially reasonable efforts to maintain the resources appropriate to provide the Services with not less than the level of care, quality, and timeliness that the Service Provider would use to provide similar services to its own businesses.
The Service Provider shall promptly notify the Recipient of any staffing or resource problems of which it becomes aware of that could reasonably be considered to materially affect the Services. The Parties shall work together in good faith to remedy
any such problems. 
 (b) The Recipient understands that prior to the Effective Date, the Service Provider may have contracted with Third
Party Service Providers to provide services in connection with all or any portion of the Services to be provided hereunder. The Service Provider reserves the right to continue in accordance with past practice in the ordinary course of business to
subcontract with Third Party Service Providers to provide the Services. 

  
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 (c) The Service Provider shall perform the Services in compliance in all material respects with
all applicable Laws. The Service Provider shall promptly notify the Recipient of any compliance problems of which it becomes aware that could reasonably be considered to materially and adversely affect the Services or the Recipient. 

(d) Both Parties shall use commercially reasonable efforts to obtain as promptly as possible the consents, approvals, licenses or
authorizations of any Person as may be necessary for the performance of its obligations pursuant to this Agreement, provided that the Service Provider shall be the primary point of contact with such Person. The Recipient shall be responsible for any
costs associated with obtaining such consents, approvals, licenses or authorizations, provided that the Service Provider must obtain the Recipient’s prior consent to such costs before agreeing to or otherwise incurring such costs. In the event
that the consent, approval, license or authorization of any such Person, if required, is not obtained within a reasonable time period after the Effective Date, the Parties shall work together to develop a commercially reasonable alternative for the
provision of the Services affected by such failure to obtain consent. While the Parties are developing such an alternative plan, the Service Provider shall be relieved of its obligations as set forth in Section 2.2(e) and the Recipient
shall not be obligated to pay for such Services. If the Parties elect such an alternative plan, the Service Provider shall provide the Services in such alternative manner at the Recipient’s sole cost and expense (unless otherwise agreed in
writing by the Parties). If the Parties do not accept such alternative, or no commercially reasonable alternative exists, the Service Provider shall be relieved of its obligation to provide such Service and Recipient shall have no obligation to pay
for such Service. 
 (e) The Service Provider’s inability to perform any of its responsibilities under this Agreement shall be excused
if and to the extent the non-performance is caused by: (i) the failure of the Recipient, its third party providers, its subcontractors, or its or their employees or agents: (A) to perform the Recipient’s obligations under this
Agreement, or (B) to provide resources the Service Provider reasonably requested when required; (ii) the wrongful or tortious actions of the Recipient, its third party providers, its subcontractors, or its or their employees or agents;
(iii) the Service Provider’s compliance with the Recipient’s instructions, decisions, consents, notices, acceptances, authorizations, waivers, permissions or approvals; or (iv) the improper functioning or unavailability of
technology for which Service Provider or any of its Third Party Service Providers does not have operational responsibility. In the event the Recipient fails to perform its obligations hereunder or to provide resources under this Agreement when
required, the Service Provider will notify the Recipient in writing of any such failure and nonetheless use commercially reasonable efforts to provide the Services in the absence of such resources, provided that the Recipient will reimburse the
Service Provider for any costs reasonably incurred by Service Provider in the course of mitigating, overcoming, or working around the effects of such non-performance. 

(f) Review Meetings. The Parties agree to hold review meetings (the “Review Meetings”) not less than once each fiscal
year of Vince on a date to be set by management of Vince with the consent of Kellwood, which shall not be unreasonably withheld, 

  
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conditioned or delayed. Representatives of Vince and of Kellwood shall attend the Review Meeting (and Vince and Kellwood shall use commercially reasonable efforts to cause all Kellwood Affiliates
and, if requested by either Party, Third Party Service Providers, in each case that are providing Services hereunder at the time of the meeting to attend the Review Meeting) and such attendees shall review and discuss any operational, strategic or
other issues raised by any participant with respect to the provision of the Services, including any New Services or proposed New Services. The Parties intend that the information exchanged at such Review Meetings shall be in addition to ongoing
communication between representatives of the Parties with respect to the provision of services hereunder. In the event either Party determines to change their fiscal year, it shall give not less than ninety (90) day’s written notice to the
other Party of such change and the Parties shall work in good faith to make such changes as may be reasonably necessary to this Agreement and the Schedules as a result of such fiscal year change. 

ARTICLE III 
 Charges and
Billing; Taxes 
 3.1 Fees for Services. Unless otherwise set forth in the Schedules, the Fees for the Services (other than New
Services) shall be the full amount of any and all actual out-of-pocket expenses, including base salary, wages, certain bonuses and other benefits (without providing for any margin of profit or allocation of depreciation or amortization expense)
incurred by the Service Provider or its Affiliates in connection with the provision of the Services; provided that in no event shall the Fees be less than the actual out-of-pocket expenses, including base salary, wages, certain bonuses and
other benefits (without providing for any margin of profit or allocation of depreciation or amortization expense) incurred by the Service Provider or its Affiliates in connection with the provision of the Services. 

3.2 Fees for New Services. The Fees for the New Services shall be the New Services Fees. 

3.3 Fees for Services Provided by Third Party Service Providers. The Fees for any Services that the Service Provider provides through a
Third Party Service Provider shall be the actual cost incurred by the Service Provider in contracting with the Third Party Service Provider to provide such Service. 

3.4 Invoices. The Service Provider shall provide an invoice for the Fees and amounts owed hereunder on a monthly basis in arrears, by
the fifteenth (15th) Business Day following the end of each fiscal month commencing with the first completed fiscal month following the Effective Date. Each invoice shall set forth in reasonable detail the applicable Services provided during
such period and the corresponding amounts owed for each of the Services. The Recipient shall pay the invoice in full within fifteen (15) Business Days of receiving such invoice. The Service Provider shall give reasonable advance notice of the
amount of Recipient Expenses to the Recipient and the Recipient Expenses shall be deposited by Recipient into an account specified by Service Provider at least three (3) Business Days prior to being paid out by Service Provider. Any Recipient
Expense that may be paid by Service Provider prior to such deposit shall be promptly, and no later than five (5) Business Days after requested by the Service Provider, reimbursed to the Service Provider by the Recipient. The Recipient shall
have the right, upon reasonable written notice to the Service Provider, to 

  
 6 

 
reasonably inspect the books, accounts and records of the Service Provider relating directly to the Services solely for the purposes of verifying the amounts invoiced to the Recipient hereunder;
provided, that such access does not unreasonably interfere with the operations of the Service Provider or any of its Affiliates. The Recipient shall bear the cost of any such inspection. 

3.5 Quarterly True-Up. Within thirty (30) days following the end of each Vince fiscal quarter, the Service Provider shall deliver
to the Recipient a statement (in its final and binding form, the “True-Up Statement”) setting forth, in reasonable detail, all (i) amounts invoiced for such fiscal quarter and (ii) the amount (the “True-Up
Amount”), either to be paid by the Recipient to the Service Provider or by the Service Provider to the Recipient, required to reconcile the actual Fees for such fiscal quarter versus the amount of Fees paid for such fiscal quarter by the
Recipient to the Service Provider. During the fifteen (15) days following the Recipient’s receipt of the True-Up Statement, the Recipient shall be permitted to review the Service Provider’s working papers relating to the True-Up
Statement. The True-Up Statement shall become final and binding upon the parties fifteen (15) days following the Recipient’s receipt thereof, unless the Recipient gives written notice of its disagreement (a “Notice of
Disagreement”) to the Service Provider prior to such date. Any Notice of Disagreement shall specify in reasonable detail the nature and dollar amount of any disagreement so asserted. If a timely Notice of Disagreement is received
by the Service Provider, then the True-Up Statement (as revised in accordance with clause (x) or (y) below) shall become final and binding upon the parties on the earliest of (x) the date the Parties resolve in writing any differences
they have with respect to the matters specified in the Notice of Disagreement or (y) the date all matters in dispute are finally resolved in writing by the Accounting Firm. The True-Up Amount, if any, shall be paid by the applicable Party
within five (5) business days of the True-Up Statement becoming final. During the fifteen (15) days following delivery of a Notice of Disagreement, the Service Provider and the Recipient shall seek in good faith to resolve in writing any
differences which they may have with respect to the matters specified in the Notice of Disagreement. During such period, the Service Provider shall be permitted to review the Recipient’s working papers relating to the Notice of
Disagreement. At the end of such fifteen (15)-day period, the Service Provider and the Recipient shall submit to the Accounting Firm for review and resolution of all matters (but only such matters) that remain in dispute, and the Accounting
Firm shall make a final determination of the True-Up Amount in accordance with the guidelines and procedures set forth in this Agreement. The Service Provider and the Recipient will cooperate with the Accounting Firm during the term of its
engagement. The Accounting Firm’s determination of True-Up Amount shall be based solely on written presentations submitted by the Service Provider and the Recipient which are in accordance with the guidelines and procedures set forth in
this Agreement (i.e., not on the basis of an independent review). The Accounting Firm shall consider only the disputed matters that were included in the Notice of Disagreement and the Accounting Firm may not assign a value to any item in
dispute greater than the greatest value assigned by the Recipient, on the one hand, or the Service Provider, on the other hand, or less than the smallest value for such item assigned by the Recipient, on the one hand, or the Service Provider on the
other hand. The True-Up Statement shall become final and binding on the Parties on the date the Accounting Firm delivers its final resolution in writing to the Parties (which the Accounting Firm shall be instructed to deliver not more than
thirty (30) days following submission of such disputed matters). The fees and expenses of the Accounting Firm shall be allocated based upon the percentage which the portion of the contested amount not

  
 7 

 
awarded to each Party bears to the amount actually contested by such Party in the written presentation to the Accounting Firm. For example, if the Recipient submits a Notice of Disagreement
for $1,000, and if Service Provider contests only $500 of the amount claimed by the Recipient, and if the Accounting Firm ultimately resolves the dispute by awarding the Recipient $300 of the $500 contested, then the costs and expenses of the
Accounting Firm will be allocated 60% (i.e., 300/500) to the Service Provider and 40% (i.e., 200/500) to the Recipient. 
 3.6
Late Payments. Fees not paid when due in accordance with the provisions of Section 3.4 shall bear interest at a rate per annum equal to the Prime Rate plus one percent (1%) from such date due until the date paid (including
any disputed Fees to the extent finally determined in accordance with Section 3.5 to be due and payable). 
 3.7 Taxes.
The Recipient shall pay any and all taxes incurred in connection with the Service Provider’s provision of the Services, including all sales, use, value-added, and similar taxes, but excluding taxes based on the Service Provider’s net
income. 
 ARTICLE IV 

Term 
 4.1
Agreement. This Agreement shall remain in effect during the Term; provided that, the provisions of Article V, Article VI, Article VII, and Article VIII, and any other provision of this Agreement and the Service
Schedules which by their terms are intended to survive, shall survive the termination or the expiration of this Agreement. 
 4.2 Service
Schedules. The term of each Service shall be the Service Term for that Service. 
 4.3 Termination for Cause. Either Party may
terminate this Agreement if the other Party is in material breach of this Agreement, and such other Party fails to cure such breach within thirty (30) days following receipt of written notice thereof from the non-breaching Party; it being
agreed that failure of the Recipient to timely pay invoices pursuant to Section 3.4 (subject to Section 3.5) shall constitute a material breach of this Agreement. 

4.4 Termination of Individual Services. The Recipient may terminate any or all of the Services (including any portion of a specific
Service) at any time for any reason (with or without cause) upon giving the Service Provider the required advanced notice for termination of such Service or Services as set forth in the Schedule applicable to such Service or Services;
provided that if the Schedule does not specify a notice requirement for the applicable Service or Services to be terminated, ninety (90) days prior written notice shall be required to be given by the Recipient. The termination of any
Service or a portion thereof shall not relieve the Recipient of the obligation to pay for any terminated Services that are provided prior to the effective date of such termination. The Recipient acknowledges that upon the termination of certain
Services or portions thereof, the Service Provider may no longer be in a position to provide certain other Services or portions thereof that are related to such terminated Services or terminated portions thereof. Within ten (10) Business Days
following the date upon which the Recipient notifies the Service Provider in writing that the Recipient no longer requires the Service Provider to provide a Service or portion thereof (the “Proposed Terminated Services”), the
Service Provider shall 

  
 8 

 
notify the Recipient in writing of the related Services or portions thereof that the Service Provider will no longer be in a position to provide upon the termination of the Proposed Terminated
Services (the “Additional Terminated Services”) and the Recipient shall, within five (5) Business Days of such notification by the Service Provider, respond in writing of the Recipient’s determination to (i) terminate
the Proposed Terminated Services and the Additional Terminated Services or (ii) withdraw the initial election to terminate the Proposed Terminated Services. 

4.5 Termination Assistance. Except as otherwise provided in Article V, upon termination of this Agreement or when any
Confidential Information furnished by the disclosing party pursuant to this Agreement is no longer needed for the purposes contemplated by this Agreement, the receiving party shall, at the disclosing party’s written direction, promptly either
return to the disclosing party all the disclosing party’s Confidential Information in a tangible form (including all copies thereof and all notes, extracts or summaries based thereon), or certify to the disclosing party that such Confidential
Information has been destroyed; provided that the receiving party shall not be required to return or destroy Confidential Information that (a) is required to be retained by law, regulation, rule or policy of any stock exchange or
regulatory authority or documented internal retention policies, or (b) is residing in data back-up systems and created in the ordinary course of business; and provided further that any Confidential Information so retained will treated
consistent with the receiving party’s own confidential information. 
 ARTICLE V 

Confidentiality 
 5.1
Confidential Information. Each Party shall maintain, and shall cause such Party’s controlling equity holders, directors, officers, employees, agents, consultants and contractors to maintain, in strict confidence and shall not disclose to
any third party (except to its Affiliates and service providers in connection with the provision of the Services that are themselves bound by similar nondisclosure restrictions; provided, that the Party disclosing such Confidential
Information to its Affiliates or service providers shall be liable for any disclosures made by such Affiliates or service providers that would, if made by the disclosing Party, violate this Section 5.1 as if the disclosing Party had made
such disclosure) any and all Confidential Information, except as may be necessary in order to comply with a requirement of Law, in which case the receiving party shall, if permissible, promptly notify the disclosing party of any such requirement and
such disclosing party shall be permitted to seek confidential treatment for such information; provided that any Party or its Affiliates may disclose the terms of this Agreement (without providing notice to the other Party) (i) in any
registration statement relating to the initial public offering by Apparel Holding Corp., a Delaware corporation, of its common stock pursuant to an effective registration statement under the Securities Act of 1933, as amended (the “Initial
Public Offering”) and (ii) in order to comply with the disclosure requirements of the U.S. Securities Exchange Commission (including but not limited to the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as
amended), and the rules and regulations of any exchange on which such Party’s securities are listed. 

  
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 5.2 Standard of Care; Disclosure. With respect to any such Confidential Information, each
of the Parties shall: (i) use the same degree of care in safeguarding the other Party’s Confidential Information as it uses to safeguard its own information which is proprietary and/or treated as confidential; and (ii) upon the
discovery of any inadvertent disclosure or unauthorized use of the Confidential Information, or upon obtaining notice of such disclosure or use from the other Party, take or cause to be taken all necessary actions to prevent any further inadvertent
disclosure or unauthorized use. 
 5.3 Data Privacy. Each Party shall use commercially reasonable efforts to develop and implement a
written comprehensive information security program to protect personal information and shall use commercially reasonable efforts to implement and maintain appropriate security measures to protect personal information, in each case to the extent
required by applicable Laws. 
 ARTICLE VI 

Indemnification 
 6.1
Obligation of the Service Provider to Indemnify. The Service Provider shall indemnify, defend, and hold harmless the Recipient, its Affiliates, and its and their respective equity holders, directors, officers, managers, employees, agents,
representatives successors and permitted assigns (collectively, the “Recipient Indemnitees”) from and against any and all deficiencies, liabilities, obligations or out-of-pocket costs or expenses, including reasonable
attorneys’ fees and expenses and costs and expenses of investigation (collectively, “Losses”) incurred or suffered by the Recipient Indemnitees attributable or relating to the Service Provider’s actual fraud or breach of
this Agreement; provided, that, other than in the case of actual fraud or a breach of Article V hereof by the Service Provider, the amount of such indemnification shall not exceed an aggregate amount equal to the fees actually received
by the Service Provider from the Recipient for provision of the Service or Services attributable to or relating to such Losses for the six calendar months preceding the date on which such claim for indemnification is made. 

6.2 Obligation of the Recipient to Indemnify. The Recipient shall indemnify, defend, and hold harmless the Service Provider, its
Affiliates and its and their respective equity holders, directors, officers, managers, employees, agents, representatives, successors and permitted assigns (collectively, the “Service Provider Indemnitees”) from and against any and
all Losses incurred or suffered by any Service Provider Indemnitee attributable or relating to the Recipient’s actual fraud or breach of this Agreement. 

ARTICLE VII 
 Exclusion
of Certain Damages and Sole Remedy 
 7.1 EXCLUSION OF CERTAIN DAMAGES AND SOLE REMEDY. TO THE MAXIMUM EXTENT PERMITTED BY
APPLICABLE LAW, EXCEPT FOR CLAIMS RELATING TO (A) A BREACH OF ARTICLE V OR (B) A PARTY’S GROSS NEGLIGENCE, WILLFUL MISCONDUCT OR ACTUAL FRAUD, NEITHER PARTY WILL BE LIABLE TO THE OTHER FOR ANY SPECIAL, INCIDENTAL, PUNITIVE,
INDIRECT OR CONSEQUENTIAL DAMAGES OR LOST PROFITS, HOWEVER CAUSED, UNDER ANY THEORY OF LIABILITY, ARISING FROM THE PERFORMANCE OF, OR RELATING TO, THIS AGREEMENT REGARDLESS OF WHETHER SUCH PARTY HAS 

  
 10 

 
BEEN NOTIFIED OF THE POSSIBILITY OF, OR THE FORESEEABILITY OF, SUCH DAMAGES. THE PARTIES AGREE THAT THE LIMITATIONS SPECIFIED IN THIS SECTION 7.1 SHALL SURVIVE AND APPLY EVEN IF ANY
LIMITED REMEDY SPECIFIED IN THIS AGREEMENT IS FOUND TO HAVE FAILED OF ITS ESSENTIAL PURPOSE. 
 7.2 Sole Remedy. Except as set forth
in Section 7.5, the Parties acknowledge and agree that their sole and exclusive remedy against any other Party or any of their Affiliates and any equityholder, officer, manager, director, employee or agent of any of the foregoing,
whether in any individual, corporate or any other capacity, with respect to any and all claims, other than claims for actual fraud or a breach of Article V relating (directly or indirectly) to the subject matter of this Agreement, regardless
of the legal theory under which such liability or obligation may be sought to be imposed, whether sounding in contract or tort, or whether at law or in equity, or otherwise, shall be as set forth in Article VI. 

7.3 Disclaimer of Warranties. EXCEPT AS EXPRESSLY STATED IN THIS AGREEMENT, THE SERVICE PROVIDER AND THE RECIPIENT HEREBY DISCLAIMS ALL
WARRANTIES, EXPRESS OR IMPLIED, INCLUDING THE IMPLIED WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT, OR FITNESS FOR A PARTICULAR PURPOSE. 

7.4 Force Majeure. Each Party will be excused from acting, failing to act or delay in acting, and no such action, failure or delay
shall constitute a breach of this Agreement or otherwise give rise to any liability of such Party, if such action, failure or delay is caused by circumstances beyond such Party’s reasonable control, including, but not limited to, emergency
conditions, action or inaction of governmental, civil or military authority, fire, strike, lockout or other labor dispute, war, riot, theft, flood, earthquake or other natural disaster, breakdown of public or private or common carrier communications
or transmission facilities, or failure to act or delay resulted from such Party’s reasonable belief based upon the advice of its counsel that the action would have violated Law; provided that if such Party’s failure to act or delay
is pursuant to such advice of counsel, such Party shall immediately inform the other Party of such advice and shall propose for the other Party’s approval a commercially reasonable alternative to the
advised-against action (and any additional or increased expenses associated with such alternative) and shall take such alternative action upon the other Party’s approval and any additional or increased
expense shall be borne by the other Party. In any such event, the Recipient’s and the Service Provider’s obligations hereunder shall be postponed for such time as the performance is suspended or delayed on account of such event and the
Parties shall seek to promptly identify and implement a commercially reasonable alternative to minimize any interruption, delay or failure in the provision of the Services hereunder. Each of the Recipient and the Service Provider shall promptly
notify the other in writing upon learning of the occurrence of such event, such notice to provide reasonable detail as to the nature of such event, and each of the Recipient and the Service Provider will promptly use its commercially reasonable
efforts to resume its performance with the least practicable delay. 
 7.5 Specific Performance. The Parties agree that money damages
would not be an adequate remedy for any breach of the provisions of this Agreement, and any breach of the provisions of this Agreement would result in irreparable injury and damage for which no Party 

  
 11 

 
would have an adequate remedy at law. Therefore, in the event of a breach or a threatened breach of the provisions of this Agreement, each Party, in addition to any other rights and remedies
existing in its favor at law or in equity, shall be entitled to specific performance or immediate injunctive or other equitable relief from a court of competent jurisdiction in order to enforce, or prevent any violations of, the provisions of this
Agreement (without posting a bond or other security), without having to prove damages. The terms of this Section 7.5 shall not prevent any Party from pursuing any other available remedies for any breach or threatened breach of this
Agreement. 
 ARTICLE VIII 

Miscellaneous 
 8.1
Shared Contracts. With respect to any contracts of Kellwood or its Affiliates that are used in the operation of the Vince Business or any contracts of Vince or its Affiliates that are used in the operation of the Kellwood Business
(“Shared Contracts”), at the Recipient’s (which Recipient may be Kellwood or Vince) request, the Service Provider shall (and shall cause the applicable Affiliate to) use commercially reasonable efforts to assist the Recipient
to obtain the agreement of any Third Party to such Shared Contract to the entering into of a new Contract with the Recipient pursuant to which the Recipient or its designated Affiliates will have access to the supplies or services covered by, and
receive any other benefit conferred by, such Shared Contract with respect to the Vince Business or Kellwood Business, as applicable. To the extent the foregoing is not possible or practical or in the event that the Third Party does not agree to
enter into a new Contract with the Recipient or one of its designated Affiliates, at the Recipient’s request, the Parties shall, in each case to the extent permitted under the applicable Shared Contract, design an arrangement pursuant to which
the Recipient or its designated Affiliates will receive substantially all of the material rights and benefits (and will assume and discharge their proportionate share of the obligations or be invoiced for such amounts pursuant to Article III
and as further described below) of such Shared Contracts as may be received by the Vince Business or the Kellwood Business, as applicable, prior to the date hereof. Such an arrangement shall include the obligation of the Service Provider or the
applicable Affiliate to forward (where possible and practical) supplies or services, as the case may be, received from such Shared Contract with respect to the Vince Business or Kellwood Business, as applicable, to the Recipient or its designated
Affiliates in accordance with reasonable instructions from the Recipient, until the term of such Shared Contract terminates in accordance with its terms. The Recipient shall be invoiced by and reimburse the Service Provider or the applicable
Affiliate for its proportionate share of the reasonable out-of-pocket and third party costs incurred with respect such Shared Contracts. For example, if a the total amount owed to a third party under a Shared Contract is $1,000 per month by the
Service Provider and the Recipient receives 20% of the product, services or benefit of such Shared Contract the Recipient shall be invoiced by and reimburse the Service Provider in an amount equal to $200 per month. 

8.2 Independent Contractors. Except as otherwise agreed in writing in the Schedules by the Parties, in the performance of the Services
to be rendered hereunder, the Service Provider shall at all times act as an independent contractor, and is not in any respect an agent, attorney, employee, representative, joint venturer, partner or fiduciary of the Recipient, and the Service
Provider shall not declare or represent to any third party that the Service Provider is acting in any respect as agent, attorney, employee, representative, joint venturer or fiduciary of 

  
 12 

 
the Recipient. Neither the Service Provider nor the Recipient shall have any power or authority to negotiate or conclude any agreement, or to make any representation or to give any understanding
on behalf of the other in any way whatsoever. 
 8.3 Employees. Individuals employed by the Service Provider, its Affiliates or any
Third Party Service Provider who provide Services shall in no respect be considered employees of the Recipient or any of its Affiliates. The Service Provider is an independent contractor and will have exclusive control and direction of its employees
engaged in performing the Services hereunder. The Service Provider assumes full responsibility for the payment of local, state, federal payroll, withholding taxes, severance obligations and termination costs for its employees engaged in the
performance of Services hereunder. 
 8.4 Intellectual Property. 

(a) Subject to the other terms and conditions of this Agreement and to the receipt of any required consents from the applicable third parties,
each Party hereby grants to the other Party a worldwide, non-exclusive, royalty-free license, with the right to sublicense, to make, have made, use, sell, offer for sale, import, copy, maintain, modify, enhance, and create derivative works of the
intellectual property of such property solely as necessary for the purpose of providing the Services under, in accordance with, and for the duration of, this Agreement. 

(b) Each Party acknowledges that, except as expressly provided for in this Section 8.4, it will acquire no right, title or
interest (including any license rights or rights of use) in any intellectual property which is owned or licensed by any other Party, by reason of the provision of the Services provided hereunder. No Party shall remove or alter any copyright,
trademark, confidentiality or other proprietary notices that appear on any intellectual property owned or licensed by the other Party, and each Party shall reproduce any such notices on any and all copies thereof. No Party shall attempt to
decompile, translate, reverse engineer or make excessive copies of any intellectual property owned or licensed by the other Party, and each Party shall promptly notify the other Party of any such attempt, regardless of whether by such would-be
notifying Party or any third party, of which such would-be notifying Party becomes aware. 
 8.5 Dispute Resolution. 

(a) Except as set forth in Section 7.5 , and except disputes under Section 3.5, any dispute between the Parties shall
be resolved as provided in this Section 8.5, which shall be the sole and exclusive procedure for the resolution of any such disputes. The Parties shall first attempt in good faith to resolve any dispute between them by negotiation. Any
Party may give the other Party written notice of any dispute not resolved in the normal course of business. Within ten (10) Business Days after receipt of such written notice, the receiving Party shall submit to the other a written response.
The notice and the response shall include a statement of each Party’s position, a summary of arguments supporting that position and any supporting documentation. Within five (5) Business Days after receipt of the written response by the
other Party, the Parties shall meet at a mutually agreeable time and place, and thereafter as often as they reasonably deem necessary, to attempt to resolve the dispute. 

  
 13 

 (b) If the Parties are unable to resolve, or do not anticipate resolving, the dispute within
thirty (30) days (or such longer period as the Parties may agree) after notice of such dispute is received by the non-disputing Party, then the dispute shall be referred to executives at the Service Provider and the Recipient who have authority
to settle the dispute. Such executives shall attempt to resolve the dispute by good faith negotiation. 
 (c) If the Parties’
executives are unable to resolve any dispute within ten (10) Business Days (or such longer period as the parties may agree) after such dispute is referred to them, the Parties shall undertake to promptly initiate mediation and to appoint an
independent mediator or, if the Parties cannot agree, the mediator shall be appointed by the American Arbitration Association office in New York, New York. Each Party shall bear its own costs of mediation and shall share equally the cost of the
mediator and the mediation proceedings. 
 8.6 Notices. All notices, requests, demands and other communications permitted or required
to be given or delivered under or by reason of the provisions of this Agreement shall be in writing and shall be deemed conclusively to have been given (i) when personally delivered, (ii) when sent by facsimile (with hard copy to follow)
during a Business Day (or on the next Business Day if sent after the close of normal business hours or on any non-Business Day), (iii) when sent by electronic mail (with hard copy to follow) during a Business Day (or on the next Business Day if
sent after the close of normal business hours or on any non-Business Day), (iv) one (1) Business Day after being sent by reputable overnight express courier (charges prepaid), or (v) three (3) Business Day following mailing by
certified or registered mail, postage prepaid and return receipt requested. Unless another address is specified in writing, notices, requests, demands and communications to the Parties shall be sent to the addresses indicated below: 

if to Kellwood: 
  

			
	Kellwood Company
	600 Kellwood Parkway
	Chesterfield, MO 63017
	Facsimile:	  	314-576-3388
	Attention:	  	General Counsel
	Email:	  	Keith.Grypp@Kellwood.com

 if to Vince: 
  

	
	Vince, LLC
	1441 Broadway – 6th Floor
	New York, New York 10018
	Facsimile: [                    ]
	Attention: Jill Granoff
	Email: [                    ]

  
 14 

 8.7 Successors and Assigns. Neither this Agreement nor the rights or obligations of the
Parties hereunder are assignable in whole or in part by either Party without the prior written consent of the other Party, which consent shall not be unreasonably withheld; provided that either Party may, without the consent of the other Party,
assign all or part of this Agreement to such Party’s lenders as collateral, such Party’s Affiliates or in connection with any transfer or disposition of all or any material portion of such Party’s business. 

8.8 Amendment and Waiver. 

(a) No failure or delay on the part of the Service Provider or the Recipient in exercising any right, power or remedy hereunder shall operate
as a waiver thereof, nor shall any single or partial exercise of any such right, power, or remedy preclude any other or further exercise thereof, or the exercise of any other right, power or remedy. The remedies provided for herein are cumulative
and are not exclusive of any remedies that may be available to the Parties at law, in equity or otherwise. 
 (b) Any amendment,
supplement, or modification of or to any provision of this Agreement, any waiver of any provision of this Agreement, and any consent to any departure by any Party from the terms of any provision of this Agreement, shall be effective: (i) only
if it is made or given in writing and signed by all the Parties; and (ii) only in the specific instance and for the specific purpose for which made or given. 

8.9 Counterparts. This Agreement may be executed in any number of counterparts and by the Parties in separate counterparts, each of
which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 

8.10 Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning
hereof. 
 8.11 Governing Law. This Agreement shall be governed by and construed in accordance with the Laws of the State of Delaware
without regard to any conflict of law principles thereof. 
 8.12 Severability. If any one or more of the provisions contained
herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable in any respect for any reason, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions
hereof shall not be in any way impaired, unless the provisions held invalid, illegal or unenforceable shall substantially impair the benefits of the remaining provisions hereof. 

8.13 Entire Agreement. This Agreement, together with the Schedules and exhibits hereto, are intended by the parties as a final
expression of their agreement and intended to be a complete and exclusive statement of the agreement and understanding of the Parties in respect of the subject matter contained herein and therein. There are no restrictions, promises,
representations, warranties or undertakings relating to the subject matter hereof, other than those set forth or referred to herein or therein. This Agreement, together with the Schedules and exhibits hereto, supersede all prior agreements and
understandings between the Parties with respect to such subject matter. In the event of any conflict between this Agreement, the Schedules, and the exhibits, the order of precedence shall be: this Agreement, the Schedules, and then the exhibits.

  
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 8.14 Further Assurances. Each Party shall cooperate and use commercially reasonable
efforts to take or cause to be taken all appropriate actions and do, or cause to be done, all things necessary or appropriate to effectuate the provisions and purposes of this Agreement, including the execution of any additional documents or
instruments and the taking of all such other actions as a Party may reasonably be requested to be taken by the other Party from time to time, consistent with the terms of this Agreement. Vince shall use reasonable best efforts to remove or replace
any guaranties, letters of credit or similar instruments of Kellwood to the extent (and only to the extent) such instruments relate to assets owned by Vince. 

8.15 Publicity. Except as set forth in Section 5.1, no publicity release or announcement concerning this Agreement or the
transactions contemplated hereby shall be issued without advance approval of the form and substance thereof by the Recipient and the Service Provider. 

*        *        *       
 *        *        *        *        *        
* 

  
 16 

 IN WITNESS WHEREOF, each of the parties hereto, by its duly authorized representative, has
executed this Shared Services Agreement as of the Effective Date. 
  

			
	 KELLWOOD COMPANY, LLC

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 VINCE, LLC

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 [Signature Page to Shared Services Agreement]EX-10.4

 Exhibit 10.4 

TRANSFER AGREEMENT 
 THIS
TRANSFER AGREEMENT (this “Agreement”) is made and entered into as of [        ] [    ], 2013, by and between Kellwood Company, LLC a Delaware limited liability company
(“Transferor”) and Vince Intermediate Holding, LLC, a Delaware limited liability company (“Transferee”). Transferor and Transferee are referred to collectively herein as the “Parties” and each as a
“Party”. Capitalized terms used and not otherwise defined herein have the meanings assigned to such terms in ARTICLE I below. 

WHEREAS, Transferor is the owner of 100% of the issued and outstanding equity interests (the “Equity Interests”) of Vince,
LLC, a Delaware limited liability company (“Vince”); 
 WHEREAS, subject to the terms and conditions set forth in this
Agreement, Transferor desires to transfer and convey to Transferee, and Transferee desires to receive from Transferor, all of the Equity Interests in exchange for Transferee’s issuance of the promissory note to Transferor attached hereto as
Exhibit A (the “Promissory Note”); 
 NOW, THEREFORE, in consideration of the mutual covenants contained herein and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: 
 ARTICLE
I 
 DEFINITIONS 
 1.01
Definitions. The following terms have the meaning set forth below: 
 “Affiliate” of any particular Person means any
other Person controlling, controlled by or under common control with such Person. For purposes of this definition, “control” (including the terms “controlling,” “controlled by” and “under common control with”)
means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise, and such “control” will be
presumed if any Person owns 10% or more of the voting capital stock or other ownership interests, directly or indirectly, of any other Person 

“Agreement” is defined in the Preamble. 

“Closing” is defined in Section 3.01. 

“Electronic Delivery” is defined in Section 7.09. 

“Encumbrance” means a mortgage, charge, pledge, lien, claim, option, encumbrance, charge, agreement, voting trust, proxy,
right of preemption, right of first refusal or any other security interest or transfer restriction of any kind. 
 “Equity
Interest” is defined in the Recitals. 

  
 1 

 “Kellwood Business” means the business of the Transferor immediately prior to
the Closing, other than the Vince Business. 
 “Losses” means any loss, liability, demand, claim, action, cause of action,
cost, damage, diminution in value, deficiency, tax, penalty, fine or expense, whether or not arising out of third party claims (including interest, penalties, reasonable attorneys’ fees and expenses and all amounts paid in investigation,
defense or settlement of any of the foregoing and the enforcement of any rights hereunder). 
 “Party” is defined in the
Preamble. 
 “Person” means an individual, a corporation, a limited liability company, an association, a joint-stock company, a business trust or other similar organization, a partnership, a joint venture, a trust, an unincorporated organization or a government or any agency, instrumentality or political subdivision
thereof. 
 “Promissory Note” is defined in the Recitals. 

“Specific Assets” means any tangible or intangible assets, such as, inter alia, customer and supplier contracts, equipment,
drawings or intellectual property. 
 “Transferee” is defined in the Preamble. 

“Transferor” is defined in the Preamble. 

“Vince” is defined in the Recitals. 

“Vince Business” means the design, development, manufacturing, sourcing, marketing, licensing, distribution and sale of Vince
branded apparel and related accessories through wholesale, retail stores, e-commerce and any other distribution channels. 
 ARTICLE II 

THE TRANSACTION 
 2.01 Transfer
of Equity Interests. On and subject to the terms and conditions of this Agreement, in exchange for the issuance of the Promissory Note by Transferee for the benefit of Transferor, (i) Transferor hereby assigns, conveys, sells, transfers and
delivers to Transferee, all rights, title and interest in and to the Equity Interests, free and clear of any Encumbrances and (ii) Transferee hereby accepts the Equity Interests from Transferor, free and clear of any Encumbrances. 

2.02 Deliveries by Transferee. At the Closing, Transferee shall deliver (a) the Promissory Note duly executed by Transferee and
(b) such documents relating to the transactions contemplated by this Agreement as Transferor may reasonably request. 
 2.03
Deliveries by Transferor. At the Closing, Transferor shall deliver (a) the Equity Interests, and all certificates reflecting ownership thereof, if any, free and clear of any 

  
 2 

 
Encumbrances, duly endorsed in blank or accompanied by duly executed unit powers, with appropriate transfer stamps, if any, affixed thereto and (b) such other documents relating to the
transactions contemplated by this Agreement as Transferee or its counsel may reasonably request. 
 ARTICLE III 

CLOSING OF THE TRANSACTION 
 3.01
The Closing. The closing of the transactions contemplated hereby (the “Closing”) shall take place at the offices of Kirkland & Ellis LLP in Chicago, Illinois at 8 a.m. on the date hereof, or at such other place or on
such other date and time as may be mutually agreeable to the Parties. 
 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES OF TRANSFEROR 

Transferor hereby represents to Transferee that: 

4.01 Ownership. The Equity Interests are owned of record and beneficially by Transferor and Transferor has good and marketable title to
the Equity Interests, free and clear of all Encumbrances, other than pursuant to applicable securities laws. Other than the Equity Interests, there are no issued or outstanding equity interests or other securities of Vince, nor any rights or options
to subscribe for or to purchase equity interests or other securities of Vince. 
 4.02 Authorization; No Breach. The execution,
delivery, and performance of this Agreement and all other agreements contemplated hereby to which Transferor is a party have been duly authorized by Transferor. This Agreement and all other agreements contemplated hereby each constitutes a valid and
binding obligation of Transferor, enforceable in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium, or other laws affecting creditors’ rights generally and limitations on
the availability of equitable remedies. The execution and delivery by Transferor of this Agreement and all other agreements contemplated hereby to which Transferor is a party, and the fulfillment of and compliance with the respective terms hereof
and thereof by Transferor, do not and shall not (i) conflict with or result in a breach of the terms, conditions or provisions of, (ii) constitute a default under, (iii) result in the creation of any Encumbrance upon Transferor’s
or Vince’s equity interests or assets pursuant to, (iv) give any third party the right to modify, terminate, or accelerate any obligation under, (v) result in a violation of, or (vi) require any authorization, consent, approval,
exemption, or other action by or notice to any court or administrative or governmental body pursuant to, its or Vince’s operating agreement or any material law, statute, rule, or regulation to which Transferor or Vince is subject, or any
material agreement, instrument, order, judgment, or decree to which Transferor or Vince is subject, except (A) where the failure to obtain such authorization, consent, approval, exemption, or other action by or notice to any third party under
any agreement or instrument would not reasonably be expected to have a material adverse effect on the Vince Business and (B) (ii) for any such occurrence arising in connection with indebtedness that is to be repaid, refinanced, repurchased
or discharged in connection with the consummation of the Initial Public Offering (as defined below). 

  
 3 

 ARTICLE V 

REPRESENTATIONS AND WARRANTIES OF TRANSFEREE 

Transferee hereby represents to Transferor that: 

5.01 Authorization; No Breach. The execution, delivery, and performance of this Agreement and all other agreements contemplated hereby
to which Transferee is a party have been duly authorized by Transferee. This Agreement and all other agreements contemplated hereby each constitutes a valid and binding obligation of Transferee, enforceable in accordance with its terms, except as
enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium, or other laws affecting creditors’ rights generally and limitations on the availability of equitable remedies. The execution and delivery by Transferee of this
Agreement and all other agreements contemplated hereby to which Transferee is a party, and the fulfillment of and compliance with the respective terms hereof and thereof by Transferee, do not and shall not (i) conflict with or result in a
breach of the terms, conditions or provisions of, (ii) constitute a default under, (iii) result in the creation of any Encumbrance upon Transferee’s equity interests or assets pursuant to, (iv) give any third party the right to
modify, terminate, or accelerate any obligation under, (v) result in a violation of, or (vi) require any authorization, consent, approval, exemption, or other action by or notice to any court or administrative or governmental body pursuant
to, its operating agreement or any material law, statute, rule, or regulation to which Transferee is subject, or any material agreement, instrument, order, judgment, or decree to which Transferee is subject. 

ARTICLE VI 
 ADDITIONAL AGREEMENTS

 6.01 Post-Closing Transaction. 

(a) Transferee hereby covenants and agrees that immediately following the consummation of the initial public offering by Apparel Holding Corp.,
a Delaware corporation (to be renamed Vince Holding Corp. in connection with such offering, “Apparel Holding”), of its common stock pursuant to an effective registration statement under the Securities Act of 1933, as amended (the
“Initial Public Offering”), Apparel Holding shall contribute the proceeds of the Initial Public Offering (the “IPO Proceeds”) to Transferee and Transferee shall pay to Transferor the principal amount outstanding
under the Promissory Note in full satisfaction thereof by wire transfer of immediately available funds in accordance with instructions provided by Transferor to Transferee in writing not less than two (2) business days prior to the Closing.

 (b) Transferor hereby covenants and agrees that immediately following the receipt of the principal amount outstanding under the
Promissory Note from Transferee, Transferor shall use such amounts to (i) repay, refinance or redeem all amounts outstanding under the following instruments (including accrued and unpaid interest thereon and all fees,

  
 4 

 
expenses related thereto), after giving effect to any capital contributions or debt forgiveness to be made by Sun Capital Partners, Inc. (“Sun Capital”) or its affiliates:
(A) Transferor’s $155 million revolving credit facility with Wells Fargo Bank, National Association, dated as of October 19, 2011 (as amended or supplemented); (B) Transferor’s $45 million term loan facility with
Cerberus Business Finance, LLC, dated as of October 19, 2011 (as amended or supplemented); (C) that certain Sun Term Loan B/C/D/E/F/G Agreement between Transferor, Sun Kellwood Finance, LLC, SCSF Kellwood Finance, LLC and the other
Borrower Parties thereto, dated as of June 28, 2013 (as amended or supplemented); (D) that certain Sun Term Loan A Agreement between Transferor, Sun Kellwood Finance, LLC, SCSF Kellwood Finance, LLC and the other Borrower Parties thereto,
dated as of October 19, 2011 (as amended or supplemented); and (E) Transferor’s 12.875% Second-Priority Senior Secured Payment-In-Kind Notes due 2014 and (ii) pay (A) the restructuring fee payable to Sun Capital Management
V, LLC (“Sun Capital Management”) pursuant to that Management Services Agreement, dated as of May 29, 2008 (as amended or supplemented, the “Management Services Agreement”), by and between Sun Capital
Management and Transferor in connection with the consummation of the transactions related to the Initial Public Offering and in accordance with the terms of the Management Services Agreement and (B) that certain debt recovery bonus to Jill
Granoff, as contemplated by the terms of her employment agreement, dated as of [            ], 2012. Additionally, Transferor may, but is not obligated to, use such amounts to repurchase
its 7.625% 1997 Debentures due 2017 (the “7.625% Notes”) and Transferor’s 3.5% 2004 Convertible Debentures due June 15, 2034 on or after the closing of the Initial Public Offering. In the event the tender offer for the 7.625%
Notes is to be consummated after the closing of the Initial Public Offering, Transferor shall, on behalf of Transferee, escrow an amount equal to the face value of the outstanding 7.625% Notes (including accrued and unpaid interest thereon through
the anticipated closing date of the tender offer) with [U.S. Bank National Association], as escrow agent, in accordance with the terms of the escrow agreement (substantially in the form attached hereto as Exhibit B, the “Escrow
Agreement”) until the earlier of (i) the repurchase of all such outstanding 7.625% Notes, (ii) the termination of the Escrow Agreement in accordance with the terms thereof; and (iii) the three-month anniversary of the closing
of the Initial Public Offering. 
 6.02 Further Assurances. 

(a) Upon the request of either Party, the other Party shall, without further consideration, execute and deliver, or cause to be executed and
delivered, such other instruments of conveyance, transfer, assignment and confirmation, and shall take, or cause to be taken, such further or other actions as the other Party may deem necessary or desirable to carry out the intent and purposes of
this Agreement and to consummate and give effect to the transactions contemplated hereby. 
 6.03 Indemnity. 

(a) Transferee shall indemnify Transferor and hold it harmless against any Losses which Transferor may suffer, sustain or become subject to
the extent relating to the Vince Business. 

  
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 (b) Transferor shall indemnify Transferee and hold it harmless against any Losses which
Transferee or Vince may suffer, sustain or become subject to the extent relating to (i) the Kellwood Business or (ii) any failure by Transferor to fully perform its obligations under Section 4 of that certain Contribution and
Acceptance Agreement by and between Transferor and Vince dated September 1, 2012. 
 ARTICLE VII 

MISCELLANEOUS 
 7.01
Assignment. 
 (a) This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the Parties and
their respective successors and permitted assigns, except that neither this Agreement nor any of the rights, interests or obligations hereunder may be assigned or delegated by a Party without the prior written consent of the other Party. 

(b) Either Party may assign in whole or in part its rights and obligations pursuant to this Agreement and all other agreements, documents and
instruments executed and/or delivered in connection herewith to one or more of its affiliates. Either Party may assign this Agreement, all other agreements, documents and instruments executed and/or delivered in connection herewith, and its rights
and obligations hereunder and thereunder in connection with a merger or consolidation involving such Party or in connection with a sale of stock (or other ownership interests) or assets of such Party. Either Party may assign any or all of its rights
pursuant to this Agreement, including its rights to indemnification, and all other agreements, documents and instruments executed and/or delivered in connection herewith, to any of its lender(s) as collateral security. 

7.02 Survival. All representations and warranties and covenants contained herein or made in writing by any Party in connection herewith
shall survive the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby, regardless of any investigation made by a Party or on its behalf. 

7.03 Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid
under applicable law, but if any provision of this Agreement or the application of any such provision to any person or circumstance shall be held to be prohibited by or invalid, illegal or unenforceable under applicable law in any respect by a court
of competent jurisdiction, such provision shall be ineffective only to the extent of such prohibition or invalidity, illegality or unenforceability, without invalidating the remainder of such provision or the remaining provisions of this Agreement.
Furthermore, in lieu of such illegal, invalid or unenforceable provision, there shall be added automatically as a part of this Agreement a legal, valid and enforceable provision as similar in terms to such illegal, invalid, or unenforceable
provision as may be possible. 
 7.04 Interpretation. The headings and captions used in this Agreement and the table of contents to
this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. Any capitalized term used in any Schedule 

  
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attached hereto and not otherwise defined therein shall have the meaning set forth in this Agreement. The use of the word “including” herein shall mean “including without
limitation.” The word “or” is used in the inclusive sense of “and/or”. 
 7.05 Construction. The language
used in this Agreement shall be deemed to be the language chosen by the Parties to express their mutual intent, and no rule of strict construction shall be applied against any Party. 

7.06 Amendment and Waiver. Except as provided herein, any provision of this Agreement may be amended or waived only in a writing signed
by the Parties. No waiver of any provision hereunder or any breach or default thereof shall extend to or affect in any way any other provision or prior or subsequent breach or default. 

7.07 Complete Agreement. This Agreement and the other agreements, instruments, and documents contemplated hereby or executed in
connection herewith contain the complete agreement between the Parties and supersede any prior understandings, agreements or representations by or between the Parties, written or oral, which may have related to the subject matter hereof in any way
(including any letter of intent or non-binding terms of sale). 
 7.08 No Third-Party Beneficiaries. This Agreement is for the sole benefit of the Parties hereto and their permitted assigns and nothing herein expressed or implied, shall give or be construed to give any Person, other
than the parties hereto and such permitted assigns, any legal or equitable rights hereunder. 
 7.09 Electronic Delivery;
Counterparts. This Agreement and any signed agreement or instrument entered into in connection with this Agreement, and any amendments hereto or thereto, may be executed in one or more counterparts, all of which shall constitute one and the same
instrument. Any such counterpart, to the extent delivered by means of a facsimile machine or by .pdf, .tif, .gif, .peg or similar attachment to electronic mail (any such delivery, an “Electronic Delivery”) shall be treated in all
manner and respects as an original executed counterpart and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person. At the request of any Party, each other Party shall re-execute the original form of this Agreement and deliver such form to all other parties. No Party shall raise the use of Electronic Delivery to deliver a signature or the fact that any signature or agreement or
instrument was transmitted or communicated through the use of Electronic Delivery as a defense to the formation of a contract, and each such party forever waives any such defense, except to the extent such defense relates to lack of authenticity.

 7.10 Governing Law. All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be
governed by the internal Law of the State of Delaware without giving effect to any choice of law or conflict of law provision or rule (whether of the State of Delaware or any other jurisdictions) that would cause the application of the laws of any
jurisdictions other than the State of Delaware. 
 7.11 WAIVER OF TRIAL BY JURY. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES ALL
RIGHT TO TRIAL BY JURY IN ANY LITIGATION, 

  
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ACTION, PROCEEDING, CROSS-CLAIM, OR COUNTERCLAIM IN ANY COURT (WHETHER BASED ON CONTRACT, TORT, OR OTHERWISE) ARISING OUT OF, RELATING TO OR IN CONNECTION WITH (I) THIS AGREEMENT OR THE
VALIDITY, PERFORMANCE, INTERPRETATION, COLLECTION OR ENFORCEMENT HEREOF OR (II) THE ACTIONS OF THE PARTIES IN THE NEGOTIATION, AUTHORIZATION, EXECUTION, DELIVERY, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT HEREOF. 

*        *        * 

  
 8 

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

			
	TRANSFEROR:
	
	KELLWOOD COMPANY, LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	TRANSFEREE:
	
	VINCE INTERMEDIATE HOLDING, LLC
		
	By:	 	  

	Name:	 	
	Title:	 	

 Acknowledged and Agreed with respect to Section 6.01(a) only: 

 

			
	APPAREL HOLDING:
	
	APPAREL HOLDING CORP.
		
	By:	 	  

	Name:	 	
	Title:	 	

 Signature Page to Transfer Agreement 

 Exhibit A 

Form of Promissory Note 
 See attached.

 Exhibit B 

Form of Escrow Agreement 
 See attached.

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