Document:

EX-10.35

 Exhibit 10.35 
 CONSENT AND AMENDMENT NO. 3 TO TERM LOAN AGREEMENT 
 THIS CONSENT AND
AMENDMENT NO. 3 TO TERM LOAN AGREEMENT (this “Amendment”) is entered into as of December 31, 2012, by and among the Lenders identified on the signature pages hereof (such Lenders, together with their respective successors and
permitted assigns, are referred to hereinafter each individually as a “Lender” and collectively as the “Lenders”), CERBERUS BUSINESS FINANCE LLC, as agent for the Lenders (in such capacity,
“Agent”), KELLWOOD COMPANY, a Delaware corporation (“Parent”), the Domestic Subsidiaries of Parent party hereto as Borrowers (together with Parent, the “Borrowers”) and the other Obligors party
hereto (together with the Borrowers, the “Loan Parties”). 
 WHEREAS, the Loan Parties, Agent, and Lenders are
parties to that certain Term Loan Agreement dated as of October 19, 2011 (as amended, modified or supplemented from time to time, the “Credit Agreement”); 

WHEREAS, the Loan Parties have notified Agent and the Lenders that Parent and Canadian Recreation Products Inc. (“Canadian RR
Sub”) desire to enter into a Purchase Agreement in the form of Exhibit A hereto (the “Royal Robbins Purchase Agreement”) pursuant to which Parent will sell all of the issued and outstanding equity interests of
Royal Robbins, LLC (“Royal Robbins” and all such issued and outstanding equity interests of Royal Robbins the “Royal Robbins Transferred Equity Interests”) to RR Acquisition Corporation (“US RR
Purchaser”) and Canadian RR Sub will sell the assets described on Exhibit B hereto (the “RR Transferred Assets”) to RR Canada, Inc. (“Canadian RR Purchaser”); 

WHEREAS, the Loan Parties have also notified Agent and the Lenders that Phat Fashions LLC (“Phat Fashions”) has entered
into a Purchase Agreement in the form of Exhibit C hereto (the “Phat Fashions Purchase Agreement”) pursuant to which Phat Fashions will sell the assets described on Exhibit D hereto (the “PF Transferred
Assets”) to Baby Phat Holding Company, LLC (“PF Purchaser”); 
 WHEREAS, the Loan Parties have
requested that Agent and the Lenders consent to (i) the sale by Parent of all of the Royal Robbins Transferred Equity Interests to US RR Purchaser pursuant to the Royal Robbins Purchase Agreement, (ii) the sale by Phat Fashions of the PF
Transferred Assets to PF Purchaser pursuant to the Phat Fashions Purchase Agreement, (iii) the release of Royal Robbins as a Borrower and/or Obligor under the Credit Agreement and the other Loan Documents and the release of Agent’s Lien on
the assets of Royal Robbins, in each case upon receipt of the Initial RR Consideration (as defined below), (iv) the release of Agent’s Lien on the PF Transferred Assets upon receipt of the Initial PF Consideration (as defined below), and
(v) the prepayment of the Obligations under the Credit Agreement in an aggregate amount not less than $10,000,000, with a portion of the Net Cash Proceeds arising from the sale of the Royal Robbins Transferred Equity Interests pursuant to the
Royal Robbins Purchase Agreement; 
 WHEREAS, the Agent and Lenders are willing to provide such consent on the terms provided
herein; 

 WHEREAS, the Loan Parties, Agent and Lenders have also agreed to amend the Credit Agreement
in certain respects on the terms provided herein; 
 NOW THEREFORE, in consideration of the premises and mutual agreements
herein contained, the parties hereto agree as follows: 
 1. Defined Terms. Unless otherwise defined herein, capitalized
terms used herein shall have the meanings ascribed to such terms in the Credit Agreement. 
 2. Consent. In reliance on
the representations and warranties of the Loan Parties set forth in Section 7 below and subject to the conditions to effectiveness set forth in Section 6 below, Agent and the Lenders consent to (i) the sale by
Parent of the Royal Robbins Transferred Equity Interests to US RR Purchaser pursuant to the Royal Robbins Purchase Agreement, the release of Royal Robbins as a Borrower and/or Obligor under the Credit Agreement and the other Loan Documents and the
release of Agent’s Lien on the assets of Royal Robbins, in each case so long as (A) such sale is consummated on or before January 31, 2013 (B) the amount of Net Cash Proceeds arising from the cash purchase price (excluding any
escrow amount) paid on the Closing (as defined in the Royal Robbins Purchase Agreement) for the Royal Robbins Transferred Equity Interests (such amount, the “Initial RR Consideration”) is at least $17,500,000 and
(C) $10,000,000 of Initial RR Consideration is remitted directly to the Agent and the remaining portion of the Initial RR Consideration is remitted directly to the Revolving Credit Agent for application to the outstanding Revolver Debt,
(ii) the sale by Phat Fashions of the PF Transferred Assets to PF Purchaser pursuant to the Phat Fashions Purchase Agreement and the release of Agent’s Lien on the PF Transferred Assets, in each case, so long as (A) such sale is
consummated on or before January 31, 2013 (B) the amount of the Net Cash Proceeds arising from the cash purchase price (excluding any escrow amount) paid on the Closing (as defined in the Phat Fashions Purchase Agreement) for the PF
Transferred Assets (such amount, the “Initial PF Consideration”) is at least $5,000,000 and (C) the Initial PF Consideration is remitted directly to Revolving Credit Agent for application to the outstanding Revolver Debt, and
(iii) the prepayment of the Obligations in an aggregate amount not less than $10,000,000 with a portion of the Net Cash Proceeds arising from the sale of the Royal Robbins Transferred Equity Interests pursuant to the Royal Robbins Purchase
Agreement. The foregoing consent shall not be deemed to be a consent to any other deviation from the express terms of the Credit Agreement and the Loan Documents. 
 3. Amendments to Credit Agreement. In reliance upon the representations and warranties of the Borrower set forth in Section 7 below and subject to the conditions to effectiveness set
forth in Section 6 below, the Credit Agreement is hereby amended as follows: 
 (a) Section 1.1 of the Credit
Agreement is hereby amended to add the following definitions in appropriate alphabetical order, as follows: 
 Initial RR
Consideration – as defined in the Third Amendment. 
 Initial PF Consideration – as defined in the Third
Amendment. 
 PF Transferred Assets – as defined in the Third Amendment. 

  
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 Phat Fashions Purchase Agreement – as defined in the
Third Amendment. 
 Royal Robbins Investment – collectively, the “Seller Notes” (as defined
in the Royal Robbins Purchase Agreement) and the “Earnout Cash” (as defined in the Royal Robbins Purchase Agreement). 
 Royal Robbins Purchase Agreement – as defined in the Third Amendment. 
 Royal Robbins Transferred Equity Interests – as defined in the Third Amendment. 
 Third Amendment – that certain Consent and Amendment No. 3 to Credit Agreement dated as of December 31, 2012 among Agent, Lenders and Loan Parties. 

(b) The definition of “Consolidated EBITDA” in Section 1.1 of the Credit Agreement is hereby amended and restated in its
entirety as follows: 
 “Consolidated EBITDA – for any period, for Parent and its Subsidiaries
on a consolidated basis and without duplication, an amount equal to the sum (provided, that any gains referred to in clauses (e) or (m) below shall be deducted from such sum) of (without duplication) (a) Consolidated Net Income,
(b) Consolidated Net Interest Expense deducted in determining such Consolidated Net Income, (c) the amount of taxes, based on or measured by income, used or included in determining such Consolidated Net Income, (d) the amount of
depreciation and amortization expense deducted in determining such Consolidated Net Income, (e) to the extent added or deducted in the calculation of Consolidated Net Income, all gains or losses in connection with restructuring the Calvin Klein
license owned by Parent and its Subsidiaries in an aggregate amount not to exceed $3,000,000 in the aggregate for all periods, (f) to the extent deducted in the calculation of Consolidated Net Income, all costs in connection with the closure of
certain business segments (including certain retail stores) relating to the Borrowers’ Koret and Sag Harbor names (including, but not limited to, severance, lease buy-outs, termination costs and losses on inventory), as well as other severance
costs, contract termination costs, and costs associated with the shutdown of Borrowers’ Trenton, Tennessee distribution facility, in an aggregate amount not to exceed $1,500,000 during the term of this Agreement; provided, that the
aggregate amount added back under this clause (f) for the Fiscal Year ending January 28, 2012 shall not exceed $1,000,000, (g) to the extent deducted in the calculation of Consolidated Net Income, any costs and expenses relating to
environmental claims in respect of Borrowers’ New Haven property in an amount not to exceed $2,000,000 in the aggregate for all periods, (h) nonrecurring restructuring charges incurred during Fiscal Years 2012 and 2013, in an aggregate
amount for both years not to exceed $1,750,000, to the extent not already covered by any of the clauses (a)-(g) above, (i) losses or expenses reflected in Consolidated Net Income as a result of (A) amounts paid to Sponsor in respect
of 

  
 -3-

 
management fees to the extent (1) permitted under Section 9.2.17 (but not to exceed $3,000,000 in any Fiscal Year) and (2) not included in Consolidated EBITDA for a prior period as
accrued but unpaid management fees and expenses pursuant to clause (C) below, (B) amounts paid to Sponsor in respect of expense reimbursements to the extent permitted under Section 9.2.17, and (C) accrued but unpaid management
fees and expenses payable to Sponsor permitted under Section 9.2.17, (j) costs and expenses incurred in connection with Permitted Acquisitions, (k) all gains or losses resulting from any adjustments of future purchase price or earnout
obligations recorded on the balance sheet (to the extent required by GAAP) in connection with the Rebecca Taylor and Zobha acquisitions or any Permitted Acquisition, in an amount not to exceed $1,000,000 in the aggregate during the term of this
Agreement, (1) severance expense incurred outside of a GAAP designated restructuring event not to exceed $25,000 in Fiscal Year 2012, (m) to the extent deducted in the calculation of Consolidated Net Income, expense associated with
maintaining the stock option program not to exceed $100,000 during any trailing twelve month period, (n) payment associated with the escheatment audit not to exceed $2,100,000 in aggregate, (o) to the extent deducted in the calculation of
Consolidated Net Income, fixed asset write-offs and termination costs in connection with the closure of certain business segments (including certain retail stores) relating to the Borrowers’ BLK DNM and Lamb and Flag names, in an aggregate
amount not to exceed $5,000,000 during the term of this Agreement, (p) to the extent deducted in the calculation of Consolidated Net Income, all non-cash costs associated with inventory write-downs in connection with the closure of certain
business segments (including certain retail stores) relating to the Borrowers’ BLK DNM and Lamb and Flag names, in an aggregate amount not to exceed $3,300,000 during the term of this Agreement, and (q) the aggregate amount of all audit,
tax, consulting and legal costs and expenses paid by the Loan Parties during such period associated with Project Victory, plus retention payments during such period for Rea Laccone and Christopher LaPolice less estimated pro forma costs for
replacement executives for Rea Laccone and Christopher LaPolice during such period. For each period of 12 consecutive Fiscal Months ending next following the date of any Acquisition (whether consummated before or after the Closing Date),
Consolidated EBITDA shall include the results of operations of the Person or assets so acquired on a historical pro forma basis, and which amounts may include such adjustments as are permitted under Regulation S-X of the Securities and Exchange
Commission and reasonably satisfactory to Agent.” 
 (c) The definition of “Permitted Investment” in
Section 1.1 of the Credit Agreement is hereby amended to replace the reference to “(i)” with a reference to “(j)”. 
 (d) The definition of “Restricted Investment” in Section 1.1 of the Credit Agreement is hereby amended to (i) replace the “and” after the clause (h) with “,”,
(ii) reletter clause “(i)” as “(j)”, and (iii) add the following clause (i): 

“(i) the Royal Robbins Investment, and”. 

  
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 (e) A new sentence is added at the end of Section 2.1.6(b) of the Credit Agreement as
follows: 
 “Notwithstanding anything contained in this Section 2.1.6(b) to the contrary,
(i) the Net Cash Proceeds from the sale of the Royal Robbins Transferred Equity Interests pursuant to the Royal Robbins Purchase Agreement shall be used as follows: (A) $10,000,000 shall be used by Obligors to prepay the Obligations,
(B) $5,000,000 shall be applied to the prepayment of the Revolver Debt in accordance with Section 2.1.7, and (C) the remaining portion of such Net Cash Proceeds shall pay down the Revolver Debt (without a permanent reduction in
the Revolver Commitment (as defined in the Revolver Agreement) or the establishment of a permanent reserve against the Borrowing Base (as defined in the Revolver Agreement), it being understood that such Net Cash Proceeds shall not be required to be
reinvested in or otherwise used to repair, replace or restore any properties or assets as provided above in this Section 2.1.6(b) so long as “Excess Proceeds” (as defined in the 2009 Indenture) do not at any time exceed
$10,000,000), and (ii) the Net Cash Proceeds from the sale of the PF Transferred Assets pursuant to the Phat Fashions Purchase Agreement shall pay down the Revolver Debt (without a permanent reduction in the Revolver Commitment (as defined in
the Revolver Agreement) or the establishment of a permanent reserve against the Borrowing Base (as defined in the Revolver Agreement), it being understood that such Net Cash Proceeds shall not be required to be reinvested in or otherwise used to
repair, replace or restore any properties or assets as provided above in this Section 2.1.6(b)).” 
 4.
Continuing Effect. Except as expressly set forth in Section 2 or 3 of this Amendment, nothing in this Amendment shall constitute a modification or alteration of the terms, conditions or covenants of the Credit Agreement or
any other Loan Document, or a waiver of any other terms or provisions thereof, and the Credit Agreement and the other Loan Documents shall remain unchanged and shall continue in full force and effect, in each case as amended hereby. 

5. Reduction of SK/Wells Guaranty/Wells Guaranty LC. Pursuant to that certain Waiver, dated as of March 23, 2012 (the
“Waiver”), between the Agent, the Lenders, the Loan Parties, and SK Financial Services Corp. (“SK”), in the event that the SK/Wells Guaranty (as defined therein) is terminated (unless such termination is a result of
payment in full of under the SK/Wells Guaranty and/or a full draw under the Wells Guaranty LC (as defined therein)) but the SK/Cerberus Guaranty (as defined therein) remains effective, SK shall promptly (but in any event within three
(3) Business Days) deliver to the Agent a letter of credit (in form and substance substantially similar to, and issued by the same financial institution that provided, the Wells Guaranty LC) in the amount of the Wells Guaranty LC minus any
payments previously made under such Wells Guaranty LC to support SK’s obligations under the SK/Wells Guaranty. Notwithstanding the provisions of the Waiver, the Agent and the Lenders agree that so long as (a) no Event of Default shall have
occurred and be continuing, and (b) the Revolving Credit Agent and the Lenders (as defined in the Revolver Agreement) have returned and terminated the Wells Guaranty LC: 

 

	 	(a)	they will accept a letter of credit in the amount of $10,000,000, on terms and conditions mutually acceptable to SK and the Agent; and 

  
 -5-

	 	(b)	they consent to the reduction of the Guaranty Cap (as defined in the Limited Guaranty dated as of March 23, 2012, made by SK Financial Services Corp. in favor of
the Agent (the “SK/Cerberus Guaranty”)) from $20,000,000 (minus any payments previously made under the Wells Guaranty LC to support SK’s obligations under the SK/Wells Guaranty) to $10,000,000. 

6. Reaffirmation and Confirmation; Covenant. 
 (a) Each Loan Party hereby ratifies, affirms, acknowledges and agrees that the Credit Agreement and the other Loan Documents represent the valid, enforceable (except as enforceability may be limited by
bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally) and collectible obligations of such Loan Party, and further acknowledges that there are no existing claims, defenses, personal or otherwise, or
rights of setoff whatsoever with respect to the Credit Agreement or any other Loan Document. Each Loan Party hereby agrees that this Amendment in no way acts as a release or relinquishment of the Liens and rights securing payments of the
Obligations. The Liens and rights securing payment of the Obligations are hereby ratified and confirmed by each Loan Party in all respects. 
 (b) Each of (i) SCSF Kellwood Finance, LLC (“SCSF Finance”) and Sun Kellwood Finance, LLC (“Sun Finance”, and together with SCSF Finance, the “Sun
Guarantors”) hereby ratifies, affirms, acknowledges and agrees that its obligations under that certain Guaranty, dated as of October 19, 2011, made by the Sun Guarantors in favor of the Agent remain in full force and effect and
(ii) SK Financial Services Corp. hereby ratifies, affirms, acknowledges and agrees that its obligations under that certain Limited Guaranty dated as of March 23, 2012, made by SK Financial Services Corp. in favor of the Agent remains in
full force and effect. 
 7. Conditions to Effectiveness. This Amendment shall become effective upon the satisfaction of
each of the following conditions precedent, each in form and substance acceptable to Agent: 
 (a) Agent shall have received a
fully executed copy of this Amendment; 
 (b) Agent shall have received a fully executed copy of an amendment to the Revolver
Loan Documents, consenting to the dispositions contemplated by the Royal Robbins Purchase Agreement and the Phat Fashions Purchase Agreement; 
 (c) Agent shall have received a fully executed copy of an amendment to the Sun Loan Documents, consenting to the dispositions contemplated by the Royal Robbins Purchase Agreement and the Phat Fashions
Purchase Agreement; 
 (d) Agent shall have received a fully executed consent to the Intercreditor Agreement consenting to this
Amendment; and 

  
 -6-

 (e) No Default or Event of Default shall have occurred and be continuing on the date hereof
or as of the date of the effectiveness of this Amendment. 
 8. Representations and Warranties. In order to induce Agent
and Lenders to enter into this Amendment, each Loan Party hereby represents and warrants to Agent and Lenders that, after giving effect to this Amendment: 
 (a) All representations and warranties contained in the Credit Agreement and the other Loan Documents are true and correct in all material respects on and as of the date of this Amendment, in each case as
if then made, other than representations and warranties that expressly relate solely to an earlier date (in which case such representations and warranties were true and correct in all material respects on and as of such earlier date); 

(b) No Default or Event of Default has occurred and is continuing; 

(c) This Amendment and the Credit Agreement, as modified hereby, constitute legal, valid and binding obligations of each Loan Party and
are enforceable against each Loan Party in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally; and 

(d) The transactions contemplated by the Royal Robbins Purchase Agreement and the Phat Fashions Purchase Agreement and the application of
the Net Cash Proceeds from such transactions as described herein are in compliance with the 2009 Indenture. Parent has received an opinion as to fairness to Parent of the transactions contemplated by the Royal Robbins Purchase Agreement from a
financial point of view issued by an accounting, appraisal or investment banking firm of material standing. 
 9.
Miscellaneous. 
 (a) Expenses. The Loan Parties jointly and severally agree to pay on demand all expenses of Agent
(including, without limitation, the fees and expenses of outside counsel for Agent) in connection with the preparation, negotiation, execution, delivery and administration of this Amendment and all other instruments or documents provided for herein
or delivered or to be delivered hereunder or in connection herewith, all in accordance with Section 3.4 of the Credit Agreement. All obligations provided herein shall survive any termination of this Amendment and the Credit Agreement as
modified hereby. 
 (b) Governing Law. This Amendment shall be a contract made under and governed by the internal laws of
the State of New York. 
 (c) Counterparts. This Amendment may be executed in any number of counterparts, and by the
parties hereto on the same or separate counterparts, and each such counterpart, when executed and delivered, shall be deemed to be an original, but all such counterparts shall together constitute but one and the same Amendment. Delivery of an
executed counterpart of this Amendment by facsimile or electronic mail shall be equally effective as delivery of an original executed counterpart of this Amendment. 

  
 -7-

 10. Other Agreements. 

(a) Effective simultaneously with receipt of the Initial RR Consideration pursuant to Section 2 hereof, (i) the release in the
form of Exhibit E hereto releasing Royal Robbins as a Borrower under the Credit Agreement and the other Loan Documents shall be automatically effective, (ii) Agent authorizes the filing of a UCC termination statement with respect to the
UCC financing statement listed on Exhibit F hereto, and (iii) Agent agrees to take such further actions as may be reasonably requested by Borrowers to evidence the termination of the Liens of Agent in the assets of Royal Robbins and the
release of Royal Robbins as a Borrower. 
 (b) Effective simultaneously with receipt of the Initial PF Consideration and the
Initial RR Consideration pursuant to Section 2 hereof, (i) Agent authorizes the filing of the partial release in the form of Exhibit G hereto with respect to the UCC financing statement listed on Exhibit H hereto and
(ii) Agent agrees to take such further actions as may be reasonably requested by Obligors to evidence the termination of the Liens of Agent in the PF Transferred Assets. 
 (c) Loan Parties agree that the Net Cash Proceeds of any consideration received by Parent in excess of the Initial RR Consideration under the Royal Robbins Purchase Agreement shall be subject to the terms
of Section 2.1.6(b) of the Credit Agreement (as amended by the Third Amendment) and the Net Cash Proceeds of any consideration received by Phat Fashions in excess of the Initial PF Consideration under the Phat Fashions Purchase Agreement shall
be subject to the terms of Section 2.1.6(b) of the Credit Agreement (as amended by the Third Amendment). 
 11.
Release. 
 (a) In consideration of the agreements of Agent and Lenders contained herein and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, each Loan Party, on behalf of itself and its successors, assigns, and other legal representatives, hereby absolutely, unconditionally and irrevocably releases, remises and
forever discharges Agent and Lenders, and their successors and assigns, and their present and former shareholders, affiliates, subsidiaries, divisions, predecessors, directors, officers, attorneys, employees, agents and other representatives (Agent,
each Lender and all such other Persons being hereinafter referred to collectively as the “Releasees” and individually as a “Releasee”), of and from all demands, actions, causes of action, suits, controversies,
damages and any and all other claims, counterclaims, defenses, rights of set-off, demands and liabilities whatsoever (individually, a “Claim” and collectively, “Claims”) of every name and nature, known or unknown,
suspected or unsuspected, both at law and in equity, which any Loan Party or any of their respective successors, assigns, or other legal representatives may now or hereafter own, hold, have or claim to have against the Releasees or any of them for,
upon, or by reason of any circumstance, action, cause or thing whatsoever in relation to, or in any way in connection with any of the Credit Agreement, or any of the other Loan Documents or transactions thereunder or related thereto which arises at
any time on or prior to the day and date of this Amendment. 

  
 -8-

 (b) Each Loan Party understands, acknowledges and agrees that the release set forth above
may be pleaded as a full and complete defense and may be used as a basis for an injunction against any action, suit or other proceeding which may be instituted, prosecuted or attempted in breach of the provisions of such release. 

(c) Each Loan Party agrees that no fact, event, circumstance, evidence or transaction which could now be asserted or which may hereafter
be discovered shall affect in any manner the final, absolute and unconditional nature of the release set forth above. 

[signature pages follow] 

  
 -9-

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
respective officers thereunto duly authorized and delivered as of the date first above written. 
  

			
	BORROWERS:
	
	 KELLWOOD COMPANY
 KELLWOOD FINANCIAL RESOURCES, INC.
 (formerly known as Newkell, Inc.)

KWD HOLDINGS, INC.
 PHAT FASHIONS
LLC
 PHAT LICENSING LLC

ZOBHA, LLC
 MEOW INC.

BETH’S BOUTIQUE, LLC
 AMERICAN
RECREATION PRODUCTS, LLC
 SIERRA DESIGNS ACQUISITION COMPANY, LLC
 ROYAL ROBBINS, LLC
 VINCE, LLC

		
	By:	 	/s/ Keith A. Grypp
	Name:	 	Keith A. Grypp
	Title:	 	Senior Vice President

 Signature Page to Consent and Amendment No. 3 to Credit Agreement 

 
			
	AGENT AND LENDER:
	
	 CERBERUS BUSINESS FINANCE, LLC,
 as Agent and a Lender

		
	By:	 	 /s/ Daniel Wolf

	Name:	 	 Daniel Wolf

	Title: 	 	 President

 Consent and Amendment No. 3 to Credit Agreement 

 
					
	LENDERS:	 	
	
	  A5 FUNDING L.P.
	  By:	 	 A5 Fund Management LLC,
 its General Partner

		
	  By:	 	 /s/ Daniel Wolf

		 	Name: 	 	 Daniel Wolf

		 	Title:	 	 Vice President

	
	  ABLECO FINANCE LLC
		
	  By:	 	 /s/ Daniel Wolf

		 	Name:	 	 Daniel Wolf

		 	Title:	 	 President

	
	  CERBERUS OFFSHORE LEVERED I L.P.
	  By:	 	 COL I GP Inc.,
 its
General Partner

		
	  By:	 	 /s/ Daniel Wolf

		 	Name:	 	 Daniel Wolf

		 	Title:	 	 Vice President

	
	  CERBERUS OFFSHORE LEVERED II LP
	  By:	 	 COL II GP Inc.,

its General Partner

		
	  By:	 	 /s/ Daniel Wolf

		 	Name:	 	 Daniel Wolf

		 	Title:	 	 Vice President

	
	  CERBERUS ONSHORE LEVERED II LLC
		
	  By:	 	 /s/ Daniel Wolf

		 	Name:	 	 Daniel Wolf

		 	Title:	 	 Vice President

 Consent and Amendment No. 3 to Credit Agreement 

 Agreed and acknowledged with respect to Section 5(b): 

 

			
	SUN KELLWOOD FINANCE, LLC
		
	By:	 	 /s/ Michael J. McConvery

	Name:	 	Michael J. McConvery
	Title: 	 	Vice President
	
	SCSF KELLWOOD FINANCE, LLC
		
	By:	 	 /s/ Michael J. McConvery

	Name:	 	Michael J. McConvery
	Title: 	 	Vice President
	
	SK FINANCIAL SERVICES CORP.
		
	By:	 	 /s/ Michael J. McConvery

	Name:	 	Michael J. McConvery
	Title: 	 	Vice President

 Signature Page to Consent and Amendment No. 3 to Credit Agreement 

 EXHIBIT A 
 ROYAL ROBBINS PURCHASE AGREEMENT 
 See attached. 

 EXECUTION COPY 
 CONFIDENTIAL 
  

 
  

PURCHASE AGREEMENT 

DATED AS OF DECEMBER 31, 2012 
 BY AND AMONG 
 KELLWOOD COMPANY, 

CANADIAN RECREATION PRODUCTS INC., 
 RR CANADA, INC. 
 AND 

RR ACQUISITION CORPORATION 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
		
	ARTICLE I Transactions; Closing	  	 	2	  
	 1.1
	  	Purchase Price	  	 	2	  
	 1.2
	  	Purchase, Sale and Assumption	  	 	4	  
	 1.3
	  	The Closing	  	 	4	  
	 1.4
	  	Earnout	  	 	5	  
		
	ARTICLE II Closing Conditions	  	 	7	  
	 2.1
	  	Conditions to the Purchasers’ Obligations	  	 	7	  
	 2.2
	  	Conditions to the Sellers’ Obligations	  	 	8	  
		
	ARTICLE III Representations and Warranties of the Sellers	  	 	8	  
	 3.1
	  	Organization; Power; Authority; Good Standing	  	 	8	  
	 3.2
	  	Capitalization	  	 	9	  
	 3.3
	  	Subsidiaries	  	 	9	  
	 3.4
	  	Indebtedness	  	 	9	  
	 3.5
	  	Authorization; Execution & Enforceability; No Breach	  	 	9	  
	 3.6
	  	Financial Statements; Books and Records	  	 	10	  
	 3.7
	  	Absence of Undisclosed Liabilities	  	 	11	  
	 3.8
	  	Accounts Receivable; Unbilled Revenue	  	 	11	  
	 3.9
	  	Inventory	  	 	11	  
	 3.10
	  	Absence of Certain Developments	  	 	12	  
	 3.11
	  	Assets	  	 	13	  
	 3.12
	  	Tax Matters	  	 	14	  
	 3.13
	  	Contracts and Commitments	  	 	16	  
	 3.14
	  	Intellectual Property Rights	  	 	18	  
	 3.15
	  	Litigation	  	 	20	  
	 3.16
	  	Brokerage	  	 	20	  
	 3.17
	  	Insurance	  	 	20	  
	 3.18
	  	Labor Matters	  	 	20	  
	 3.19
	  	Employee Benefit Plans	  	 	21	  
	 3.20
	  	Compliance with Laws; Permits	  	 	23	  
	 3.21
	  	Environmental and Safety Matters	  	 	24	  
	 3.22
	  	Affiliate Transactions	  	 	25	  
	 3.23
	  	Customer; Suppliers	  	 	25	  
	 3.24
	  	Real Property	  	 	26	  
	 3.25
	  	Product Warranty	  	 	27	  
	 3.26
	  	Compliance with Customs and International Trade Laws	  	 	27	  
		
	ARTICLE IV Representations and Warranties of the Purchasers	  	 	28	  
	 4.1
	  	Organization, Power and Authority	  	 	28	  
	 4.2
	  	Authorization; Execution & Enforceability; No Breach	  	 	28	  
	 4.3
	  	Brokerage	  	 	29	  
	 4.4
	  	Investment Representation	  	 	29	  
	 4.5
	  	Solvency	  	 	29	  

  
 - i -

							
	ARTICLE V Post-Closing Covenants	  	 	30	  
	 5.1
	  	General	  	 	30	  
	 5.2
	  	Confidentiality	  	 	31	  
	 5.3
	  	Non-Solicitation	  	 	31	  
	 5.4
	  	Public Announcements	  	 	32	  
	 5.5
	  	Names	  	 	32	  
	 5.6
	  	Tax Returns	  	 	33	  
	 5.7
	  	Purchase Price Allocation	  	 	33	  
	 5.8
	  	Insurance Policies	  	 	33	  
	 5.9
	  	Financial Statements	  	 	34	  
	 5.10
	  	Employee Benefits	  	 	34	  
		
	ARTICLE VI Definitions	  	 	37	  
		
	ARTICLE VII General Provisions	  	 	47	  
	 7.1
	  	Non-Survival of Representations and Warranties	  	 	47	  
	 7.2
	  	Waiver	  	 	47	  
	 7.3
	  	Fees and Expenses	  	 	47	  
	 7.4
	  	Remedies	  	 	48	  
	 7.5
	  	Consent to Amendments; Waivers	  	 	48	  
	 7.6
	  	Successors and Assigns	  	 	48	  
	 7.7
	  	Severability	  	 	49	  
	 7.8
	  	Counterparts; Facsimile Signatures	  	 	49	  
	 7.9
	  	Descriptive Headings; Interpretation	  	 	49	  
	 7.10
	  	Entire Agreement	  	 	49	  
	 7.11
	  	No Third-Party Beneficiaries	  	 	50	  
	 7.12
	  	Schedules and Exhibits	  	 	50	  
	 7.13
	  	Governing Law	  	 	50	  
	 7.14
	  	Notices	  	 	50	  
	 7.15
	  	Waiver of Jury Trial	  	 	51	  
	 7.16
	  	No Strict Construction	  	 	52	  
	 7.17
	  	Jurisdiction	  	 	52	  
	 7.18
	  	Independence of Agreements, Covenants, Representations and Warranties	  	 	52	  
	 7.19
	  	Acknowledgement by the Purchasers	  	 	52	  

  
 - ii -

 EXHIBITS AND SCHEDULES 

 

					
	Exhibit A	  	–	  	Transferred Assets
	Exhibit B	  	–	  	Estimated Purchase Price
	Exhibit C	  	–	  	Example Statement of Net Working Capital
	Exhibit D	  	–	  	Pro Forma Adjusted EBITDA
	Exhibit E	  	–	  	Form of Seller Note
	Exhibit F	  	–	  	Form of Subordination and Intercreditor Agreement

 

					
	Schedule 1.4(a)	  	–	  	Form of EBITDA Statement
	Schedule 2.1(d)	  	–	  	Termination of Affiliate Transactions
	Schedule 3.1(a)	  	–	  	Organization; Power; Authority; Good Standing
	Schedule 3.1(b)	  	–	  	Organization; Power; Authority; Good Standing
	Schedule 3.2	  	–	  	Capitalization
	Schedule 3.4	  	–	  	Indebtedness
	Schedule 3.5(c)	  	–	  	Authorization; Execution & Enforceability; No Breach
	Schedule 3.6	  	–	  	Financial Statements; Books and Records
	Schedule 3.7	  	–	  	Absence of Undisclosed Liabilities
	Schedule 3.9	  	–	  	Inventory
	Schedule 3.10	  	–	  	Absence of Certain Developments
	Schedule 3.11(a)	  	–	  	Assets
	Schedule 3.11(b)	  	–	  	Certain Assets and Services
	Schedule 3.12	  	–	  	Tax Matters
	Schedule 3.13(a)	  	–	  	Contracts and Commitments
	Schedule 3.13(b)	  	–	  	Certain Material Contracts
	Schedule 3.14(a)	  	–	  	Intellectual Property Rights
	Schedule 3.14(c)	  	–	  	Intellectual Property Claims
	Schedule 3.14(d)	  	–	  	Intellectual Property
	Schedule 3.15	  	–	  	Litigation
	Schedule 3.17	  	–	  	Insurance
	Schedule 3.18	  	–	  	Labor Matters
	Schedule 3.19(a)	  	–	  	Employee Benefit Plans
	Schedule 3.20	  	–	  	Compliance with Laws; Permits
	Schedule 3.21	  	–	  	Environmental and Safety Matters
	Schedule 3.22	  	–	  	Affiliate Transactions
	Schedule 3.23(a)	  	–	  	Material Customers
	Schedule 3.23(b)	  	–	  	Material Suppliers
	Schedule 3.24(b)	  	–	  	Real Property
	Schedule 3.24(c)	  	–	  	Real Property
	Schedule 3.25	  	–	  	Product Warranty
	Schedule 4.2(c)	  	–	  	No Breach
	Schedule 5.1(d)	  	–	  	Domain Names
	Schedule 5.7	  	–	  	Asset Allocation Schedule

  
 - iii -

 PURCHASE AGREEMENT 

THIS PURCHASE AGREEMENT (this “Agreement”), dated as of December 31, 2012, is made by and among Kellwood Company, a
Delaware corporation (“US Seller”), Canadian Recreation Products Inc., a corporation organized under the Laws of Quebec (“Canada Seller”, and collectively with US Seller, the “Sellers”, and each,
individually, a “Seller”), RR Canada, Inc., a corporation organized under the Laws of Quebec (“Canada Purchaser”), and RR Acquisition Corporation, a Delaware corporation (“US Purchaser”, and
collectively with Canada Purchaser, the “Purchasers”, and each, individually, a “Purchaser”). The Sellers and the Purchasers are sometimes individually referred to in this Agreement as a “Party”,
and collectively, as the “Parties”. Certain capitalized terms used herein have the meanings ascribed to such terms in Article VI. 
 WHEREAS, US Seller owns all of the issued and outstanding equity interests (the “Units”) of Royal Robbins, LLC, a Delaware limited liability company (the “Company”)
immediately prior to the Closing; 
 WHEREAS, Canada Seller owns certain assets listed on Exhibit A (the
“Transferred Assets”) immediately prior to the Closing; 
 WHEREAS, subject to the terms and conditions set
forth herein, (a) US Purchaser desires to acquire all of the Units from US Seller, and US Seller desires to sell all of the Units to US Purchaser, and (b) Canada Purchaser desires to acquire all of the Transferred Assets from Canada
Seller, and Canada Seller desires to sell all of the Transferred Assets to Canada Purchaser; 
 WHEREAS, concurrently with the
execution of this Agreement, the Company, US Seller and certain of its Affiliates have entered into a Transition Services Agreement with respect to certain services to be provided by US Seller and certain of its Affiliates to the Company following
the Closing (the “Transition Services Agreement”); and 
 WHEREAS, concurrently with the execution of this
Agreement, and as a condition and inducement to the Purchasers’ willingness to enter into this Agreement, Sun Capital Advisors, Inc., (“Sun”) has entered into a letter agreement with respect to certain confidentiality and
non-solicitation obligations with respect to itself and certain of its Affiliates (the “Side Letter”). 
 NOW,
THEREFORE, in consideration of the mutual covenants, agreements and understandings herein contained, the receipt and sufficiency of which is hereby acknowledged, the Parties hereby agree as follows: 

ARTICLE I 

Transactions; Closing 
 1.1 Purchase Price. 
 (a) Estimated Purchase Price. The Sellers have
prepared and delivered a good faith estimate of the Purchase Price (such calculation of the Purchase Price, the “Estimated Purchase Price”) consistent with applicable definitions related thereto based upon (i) the Enterprise
Value and (ii) the Sellers’ good faith estimate of (A) the amount of Closing Cash and Cash Equivalents, (B) the Net Working Capital Adjustment (which may be a negative number), (C) the amount of Closing Date Indebtedness and
(D) the amount of Unpaid Seller Expenses, and the Sellers’ calculations thereof (including, in each case the components thereof), which are attached hereto as Exhibit B. 

 (b) Determination of Final Purchase Price. 

(i) As soon as practicable, but no later than 60 days after the Closing Date, the Purchasers shall prepare and deliver to
the Sellers the Purchasers’ good faith proposed calculation of the Purchase Price, together with the Purchasers’ good faith proposed calculations of the (A) amount of Closing Cash and Cash Equivalents, (B) Net Working Capital
Adjustment, (C) amount of Closing Date Indebtedness and (D) amount of Unpaid Seller Expenses, in each case, including the components thereof and in a manner consistent with the definitions thereof (which calculations shall be collectively
referred to herein as the “Proposed Closing Date Calculations”). 
 (ii)
The Proposed Closing Date Calculations shall become final and binding upon the Parties on the 30th day following the Sellers’ receipt thereof unless the Sellers give written notice of their disagreement (a “Purchase Price Dispute Notice”) to the Purchasers prior to such date. Any
Purchase Price Dispute Notice shall specify in reasonable detail the nature and amount of any disagreement so asserted (the “Disputed Items”). If a timely Purchase Price Dispute Notice is received by the Purchasers, then the
Proposed Closing Date Calculations (as revised as contemplated in this Section l.l(b)(ii)) shall become final and binding upon the Partiers on the earlier of (x) the date the Purchasers and the Sellers resolve in writing any differences
they have with respect to any matter specified in the Purchase Price Dispute Notice or (y) the date any matters properly in dispute are finally resolved in writing by the Accounting Firm; provided, that, for purposes of clarity, any
items that are not so disputed shall become final and binding upon the Parties on the 30th day following the Sellers’ receipt of the Proposed Closing Date Calculations. During the 30 day-period immediately following the delivery of the Proposed Closing Date Calculations, the Purchasers
and the Sellers shall seek in good faith to resolve in writing any difference which they may have with respect to any Disputed Item and the Sellers shall have reasonable access to the books, records and working papers of the Purchasers used in
connection with or pertaining to the Purchasers’ preparation of the Proposed Closing Date Calculations. After delivery of any Purchase Price Dispute Notice, the Purchasers shall have reasonable access to the books, records and working papers of
the Sellers used in connection with the Sellers’ preparation of the Purchase Price Dispute Notice. If, at the end of the 30-day period after Purchasers’ receipt of a Purchase Price Dispute Notice, any Disputed Item specified in the
Purchase Price Dispute Notice has not been resolved by the Purchasers and the Sellers, the Purchasers and the Sellers shall submit to a nationally-recognized, independent accounting firm reasonably acceptable to the Purchasers and the Sellers (the
“Accounting Firm”) for review and resolution any such Disputed Items which remain in dispute 

  
 - 2 -

 
(including such Parties’ proposed resolutions thereof) and which were properly included in the Purchase Price Dispute Notice. The Accounting Firm shall be requested to render a final
determination of the applicable remaining Disputed Items (acting as an expert and not as an arbitrator) within 30 days after referral of the matter to such Accounting Firm, which determination must be in writing setting forth in reasonable detail
the basis therefor and must be based solely on the definitions and other applicable provisions of this Agreement (and not on independent review), on a single presentation submitted by each of the Purchasers and the Sellers and on one written
response to each such presentation so submitted, which such determination shall be conclusive and binding on the Parties. The Proposed Closing Date Calculations shall be revised as appropriate to reflect the resolution of any objections thereto
pursuant to this Section 1.1(b)(ii) and, as so revised, such Proposed Closing Date Calculations shall be deemed to set forth the final Purchase Price and the final (A) amount of Closing Cash and Cash Equivalents, (B) Net
Working Capital, (C) amount of Closing Date Indebtedness and (D) amount of Unpaid Seller Expenses, in each case, for all purposes hereunder (including the determination of the Actual Adjustment). 

(iii) The fees and expenses of the Accounting Firm shall be borne proportionately by the US Purchaser, on the one hand,
and the US Seller, on the other hand, on the basis of the discrepancy (in dollars) between each such Party’s determination of the Disputed Items (in the aggregate) as presented to the Accounting Firm and the final and binding determination of
the Disputed Items (in the aggregate) by the Accounting Firm. Except as provided in the preceding sentence, all other costs and expenses incurred by the Parties in connection with resolving any dispute hereunder before the Accounting Firm shall be
borne by the Party incurring such cost and expense. The Parties shall cause the Accounting Firm (x) to be bound by the principles set forth in this Section 1.1(b), (y) to limit its review to matters specifically set forth in
the Purchase Price Dispute Notice, and (z) not to assign a value to any item greater than the greatest value for such item claimed by the Purchasers or the Sellers, respectively, or less than the smallest value for such item claimed by the
Purchasers or the Sellers, respectively. 
 (c) Adjustment to Estimated Purchase Price. 

(i) If the Actual Adjustment is a positive amount, then US Purchaser shall pay (or shall cause the Company to pay) to US Seller an amount
equal to such positive amount by wire transfer or delivery of immediately available funds within three Business Days after the date on which the Purchase Price is finally determined pursuant to Section 1.1(b) above. 

(ii) If the Actual Adjustment is a negative amount, then US Seller shall pay to US Purchaser an amount equal to the absolute value of
such negative amount within three Business Days after the date on which the Purchase Price is finally determined pursuant to Section 1.1(b) above to be paid (A) first from the Escrow Fund (and US Purchaser and US Seller shall
promptly execute the necessary documents instructing the Escrow Agent to make the applicable payment to US Purchaser), and (B) then, to the extent the Escrow Fund is insufficient, the remaining balance from US Seller by wire transfer or
delivery of immediately available funds. 

  
 - 3 -

 (iii) Any amounts remaining in the Escrow Fund after payment of the Actual Adjustment
pursuant to Section 1.1(c)(i) or 1.1(c)(ii), as the case may be, shall be released to US Seller, and in such instance, US Purchaser and US Seller shall promptly execute the necessary documents instructing the Escrow Agent to make the
applicable payment to US Seller. 
 1.2 Purchase, Sale and Assumption. At the Closing, subject to the terms and
conditions set forth herein, (a) (i) US Purchaser shall purchase from US Seller, and US Seller shall sell, convey, assign, transfer, and deliver to US Purchaser, the Units, free and clear of any Encumbrances, (ii) Canada Purchaser
shall purchase from Canada Seller, and Canada Seller shall sell, convey, assign, transfer, and deliver to Canada Purchaser, Canada Seller’s rights, title and interest in and to the Transferred Assets, and (iii) to the extent not an asset
of the Company or otherwise acquired by the Purchasers, the US Purchaser shall acquire all current assets to the extent included in Net Working Capital as finally determined in accordance with Section 1.1(b)(ii), and (b) to the extent
not a liability of the Company, the US Purchaser shall assume all current liabilities to the extent included in Net Working Capital as finally determined in accordance with Section 1.1(b)(ii) (such liabilities set forth in clauses (b)(i) and
(b)(ii) above being collectively referred to herein as the “Assumed Liabilities”). 
 1.3 The Closing.
The consummation of the transactions contemplated hereby (collectively, the “Closing”) will take place at the offices of Kirkland & Ellis LLP, 601 Lexington Avenue, New York, New York, commencing at 9:00 a.m. local time on
the date of this Agreement (the “Closing Date”). The effective time of the Closing is 11:59 p.m. on the Closing Date. At the Closing, subject to the satisfaction or waiver of each of the conditions specified in Article II:

 (a) US Seller shall deliver to US Purchaser the Units, free and clear of all Encumbrances; 

(b) Canada Seller shall deliver to Canada Purchaser the instruments of assignment and transfer with respect to the Transferred Assets in
a form reasonably satisfactory to Canada Purchaser and duly executed by Canada Seller, evidencing the transfer of the Transferred Assets to Canada Purchaser; 
 (c) Canada Purchaser shall deliver to US Seller (on behalf, and at the direction, of Canada Seller, an amount equal to $2,500,000 of the Closing Payment Amount (as the sole consideration for the
Transferred Assets), and US Purchaser shall deliver to US Seller, an amount equal to the remainder of the Closing Payment Amount, in each case, in immediately available funds to accounts specified by each such Seller to the Purchasers at least two
Business Days prior to the Closing; 
 (d) the US Purchaser shall pay $500,000 (the “Escrow Amount”), by wire
transfer of immediately available funds, to an escrow account at JPMorgan Chase Bank, N.A. (the “Escrow Agent”) pursuant to an Escrow Agreement dated as of the Closing Date and in form and substance reasonably acceptable to US
Purchaser and US Seller (the “Escrow Agreement”); and 

  
 - 4 -

 (e) the Purchasers shall pay and discharge (or cause to be paid and discharged), on behalf
of the Company, all Closing Date Indebtedness and all Unpaid Seller Expenses, in each case, set forth on Exhibit B, by wire transfer of immediately available funds pursuant to written instructions set forth on the applicable payoff letters
and invoices submitted to the Purchasers prior to the date hereof. The Parties acknowledge that the Closing Date Indebtedness and Unpaid Seller Expenses are obligations of the Sellers incurred on or before the Closing Date, and nothing in this
Agreement shall be deemed to make them obligations of the Purchasers. Payment of such Closing Date Indebtedness and Unpaid Seller Expenses by the Purchasers on behalf of the Sellers on the Closing Date is being made for convenience only. 

1.4 Earnout. As additional consideration to US Seller, if and solely to the extent required by this Section 1.4, US
Seller shall be entitled to receive additional consideration in the aggregate amount of up to $3,500,000 (in cash and notes) as set forth in this Section 1.4 (the sum of the Purchase Price and all amounts paid pursuant to this
Section 1.4, the “Adjusted Purchase Price”). 
 (a) EBITDA Statements. On or prior to the
earlier of (i) 30 calendar days following the delivery to the Company of the audited consolidated financial statements of the Company with respect to the Company’s 2012 fiscal year and (ii) five months after the end of the
Company’s 2012 fiscal year, the US Purchaser shall deliver to the US Seller the audited consolidated financial statements of the Company for the Company’s 2012 fiscal year, and a statement (the “EBITDA Statement”) in the
form attached hereto as Schedule 1.4(a) setting forth US Purchaser’s good faith calculation of the Pro Forma Adjusted EBITDA of the Company for such period based upon the audited consolidated financial statements of the Company for the
Company’s 2012 fiscal year (calculated in accordance with Exhibit D). If US Seller does not provide a written notice (an “EBITDA Statement Dispute Notice”) with respect to certain disputed items (or calculations) as
specified in the notice (the “EBITDA Disputed Items”) to the Purchasers within 30 calendar days following US Seller’s receipt of such EBITDA Statement, then the Parties hereby agree that such EBITDA Statement shall be deemed
conclusive and binding on the parties hereto. During the 30 day-period immediately following the delivery of the EBITDA Statement, the Purchasers and the Sellers shall seek in good faith to resolve in writing any difference which they may have with
respect to any EBITDA Disputed Item and the Sellers shall have reasonable access to the books, records and working papers of the Purchasers and the Company used in connection with or pertaining to US Purchaser’s preparation of the EBITDA
Statement. After delivery of any EBITDA Statement Dispute Notice, the Purchasers shall have reasonable access to the books, records and working papers of the Sellers used in connection with the Sellers’ preparation of the EBITDA Statement
Dispute Notice 
 (b) Earnout Dispute. If US Seller provides an EBITDA Statement Dispute Notice to US Purchaser within
such 30-day calendar period, the Purchasers and the Sellers shall use commercially reasonable efforts to resolve the dispute during the 30-calendar day period commencing on the date US Purchaser receives the EBITDA Statement Dispute Notice from the
US Seller. If the US Purchaser and US Seller do not agree upon a final resolution within such 30-calendar day period, then the items remaining in dispute shall be submitted immediately by US Purchaser and US Seller to the Accounting Firm for
determination in accordance with the procedural principles set forth in Section 1.1(b)(ii), with the fees of such Accounting Firm to be borne proportionately by the US Seller, on the one hand, and US Purchaser, on the other hand,

  
 - 5 -

 
on the basis of the discrepancy (in dollars) between each such Party’s determination of the Pro Forma Adjusted EBITDA of the Company as presented to the Accounting Firm and the final and
binding determination of the Pro Forma Adjusted EBITDA of the Company by the Accounting Firm. The conclusive and binding EBITDA Statement, based either upon agreement of the Parties or the written determination delivered by the Accounting Firm in
accordance with Section 1.1(b)(ii) and this Section 1.4(b), shall be deemed the “Conclusive EBITDA Statement”. 
 (c) Payment. In the event the Conclusive EBITDA Statement sets forth a Pro Forma Adjusted EBITDA of the Company for the Company’s 2012 fiscal year in excess of $3,869,000, within 10 calendar
days following the applicable statement becoming a Conclusive EBITDA Statement, (A) the US Purchaser shall, or shall cause the Company to, pay to US Seller an amount equal to 50% of the Earnout Amount in immediately available funds to accounts
specified by US Seller (the “Earnout Cash”), and (B) subject to US Seller entering into a Subordination and Intercreditor Agreement substantially in the form attached as Exhibit F hereto, the Company shall issue to US
Seller a promissory note from the Company in an original principal amount equal to 50% of the Earnout Amount substantially in the form attached as Exhibit E hereto (the “Seller Note”). For the avoidance of doubt, (x) in
the event that Pro Forma Adjusted EBITDA of the Company does not exceed $3,869,000, the US Seller shall not be entitled to any additional consideration pursuant to this Section 1.4, and (y) in no event shall either (1) the
amount of the Earnout Cash or (2) the aggregate principal amount of the Seller Note exceed $1,750,000, respectively. In order to ensure compliance with all applicable Tax withholdings, the Sellers and the Purchasers agree to pay any part of the
Earnout Amount ultimately owing to Bob Orlando from the Sellers or the Company through the payroll system of US Seller, to the extent permitted, or otherwise through the Company (taking into account all applicable Tax withholding requirements and
netting the aggregate amount to be so paid to Bob Orlando (as set forth in a direction letter provided by US Seller) from the amount otherwise payable pursuant to this Section 1.4(c)). 

(d) Change of Control. Upon the consummation of a Change of Control prior to the payment of the Earnout Amount or the binding
determination in accordance with this Section 1.4 that no Earnout Amount is due to the Sellers, as applicable, $3,500,000 shall automatically become immediately due and payable to the Sellers, and US Purchaser shall pay to US Seller
$3,500,000 in immediately available funds to accounts specified by each such Seller. 
 (e) Payments to Affiliates. Until
payment of the Earnout Amount or the binding determination in accordance with this Section 1.4 that no Earnout Amount is due to the Sellers, neither the Company nor any Purchaser shall make any payment or distribution (including
“Distributions” as defined in the Senior Loan Agreement) that they are not otherwise permitted to make under the Senior Loan Agreement (as in effect as of the date hereof and not taking into account any subsequent amendments or
modifications thereof); provided, that, to the extent any such payment or distribution is permitted solely due to obtaining the consent of the Agent (as defined in the Senior Loan Agreement), such payment or distribution shall require the US
Seller’s prior written consent to be permitted hereunder. In the event that the Earnout Cash has not been paid in full on the date required by, and in accordance with the terms and conditions of, this Section 1.4 then, from and
after such date and until the date that the Earnout Cash has been paid in full, neither the Company nor any Purchaser shall make any payments pursuant to the Sponsor Management Agreement (as defined in the Senior Loan Agreement) including

  
 - 6 -

 
payment of Permitted Sponsor Management Fees (as defined in the Senior Loan Agreement) and neither the Company nor any Purchaser shall enter into, or make payments pursuant to, any management
services agreement, management fee agreement or other agreement with any Person (as defined in the Senior Loan Agreement) that provides for management fees, commissions or similar consulting fees and commissions without the US Seller’s prior
written consent. 
 ARTICLE II 
 Closing Conditions 
 2.1 Conditions to the Purchasers’
Obligations. The obligation of the Purchasers to consummate the transactions contemplated hereby is subject to the satisfaction as of the Closing of the following conditions, any and all of which may be waived in whole or in part by the
Purchasers to the extent permitted by applicable Law: 
 (a) Resignation of Directors and Officers. The Purchasers shall
have received duly executed resignations of the directors and officers of the Company. 
 (b) Consents and Approvals. The
Sellers shall have made, or caused to be made, all filings and shall have obtained all Permits, authorizations, consents and approvals required to be obtained by the Company to consummate the transactions contemplated by this Agreement as set forth
on Schedule 3.5(c) (the “Consents”). 
 (c) Payoff Letters and Invoices. The Purchasers shall
have been furnished with payoff letters or releases from guarantees, as applicable, from all holders of Indebtedness, which payoff letters and releases set forth the terms and conditions for the payment (in the case of payoff letters) or the release
(in the case of releases) and satisfaction in full of all such Indebtedness and release of all Liens other than Permitted Liens granted by the Company and/or the Sellers (with respect to the Units and/or the Transferred Assets) relating thereto on
and as of the Closing Date, and to the extent any amount in respect of such Indebtedness or any Unpaid Seller Expenses are to be paid and discharged pursuant to Section 1.3(e), each applicable payoff letter or invoice shall be provided
to the Purchasers and shall contain wire instructions for payment. 
 (d) Termination of Affiliate Transactions. The
Purchasers shall have received copies of termination agreements, in form and substance reasonably satisfactory to the Purchasers, with respect to the Contracts listed on Schedule 2.1(d), in each case duly executed by the parties thereto.

 (e) Escrow Agreement. US Seller and the Escrow Agent shall have duly executed and delivered the Escrow Agreement.

 (f) Transition Services Agreement. The Company, US Seller, Canada Seller, and American Recreations Products, LLC shall
have duly executed and delivered the Transition Services Agreement. 
 (g) Side Letter. Sun shall have duly executed and
delivered the Side Letter. 

  
 - 7 -

 (h) Closing Documents. At the Closing, the Sellers shall have delivered to the
Purchasers all of the following documents: 
 (i) certified copies of all Governing Documents, existing minute
books, equity transfer records, corporate seals and other materials relating to the Company’s corporate administration which are in the possession of the Sellers; 

(ii) certified copy of a good standing or similar certificate of the Company from the State of Delaware dated no more than
seven (7) days prior to the Closing Date; 
 (iii) a certified copy of the resolutions of each Seller’s
board of directors authorizing the execution, delivery and consummation of this Agreement and the Transaction Documents to which such Seller is a party and the transactions contemplated hereby and thereby; 

(iv) a duly executed non-foreign affidavit from US Seller dated as of the Closing Date and in form and substance required
under Treasury Regulation 1.1445-2(b)(2) such that the Purchasers are exempt from withholding any portion of the Purchase Price thereunder; 
 (v) a duly executed Form W-9 from US Seller; and 
 (vi) unit
certificate(s), if any, representing the Units, duly endorsed in blank for transfer or accompanied by unit powers duly executed in blank. 
 2.2 Conditions to the Sellers’ Obligations. The obligation of the Sellers to consummate the transactions contemplated hereby is subject to the satisfaction as of the Closing of the following
conditions, any and all of which may be waived in whole or in part by the Sellers to the extent permitted by applicable Law: 

(a) Escrow Agreement. US Purchaser and the Escrow Agent shall have duly executed and delivered the Escrow Agreement. 

ARTICLE III 

Representations and Warranties of the Sellers 
 As a material inducement to the Purchasers to enter into this Agreement and to consummate the transactions contemplated hereby, the Sellers hereby jointly and severally represent and warrant to the
Purchasers as follows: 
 3.1 Organization; Power; Authority; Good Standing. 

(a) Each Seller is duly organized, validly existing and in good standing under the Laws of the jurisdiction of its formation and possesses
full power and authority necessary to own, lease and operate its properties, to carry on its business as now conducted and as proposed to be conducted as of the Closing Date. Each Seller is duly licensed or qualified to transact business and is in
good standing as a foreign entity in those jurisdictions set forth on 

  
 - 8 -

 
Schedule 3.1(a), which constitute all of the jurisdictions in which the character of the Assets owned or leased, or the business conducted, by it requires such licensing or qualification,
except for jurisdictions where the failure to be so licensed, qualified or in good standing has not had and could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Purchasers have been furnished
with true, correct and complete copies of the Governing Documents of each Seller, as amended and in effect on the date of this Agreement. 
 (b) The Company is a limited liability company duly organized, validly existing and in good standing under the Laws of the State of Delaware. The Company possesses full power and authority necessary to
own, lease and operate its properties, to carry on its business as now conducted and as proposed to be conducted as of the Closing Date. The Company is duly licensed or qualified to transact business and is in good standing as a foreign entity in
those jurisdictions set forth on Schedule 3.1(b), which constitute all of the jurisdictions in which the character of the Assets owned or leased, or the business conducted, by it requires such licensing or qualification, except for
jurisdictions where the failure to be so licensed, qualified or in good standing has not had and could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Purchasers have been furnished with true,
correct and complete copies of the Governing Documents of the Company, as amended and in effect on the date of this Agreement. 

3.2 Capitalization. As of immediately prior to the Closing, the authorized, issued and outstanding Equity Interests of the Company
are set forth on Schedule 3.2. All of the outstanding Equity Interests of the Company are duly authorized and validly issued and are held beneficially and of record by the Sellers as set forth on Schedule 3.2, free and clear of any
Encumbrances other than Permitted Liens. Except as set forth on Schedule 3.2, the Company does not have any outstanding (a) Equity Interests or other securities convertible or exchangeable for any of its Equity Interests or containing
any profit participation or compensatory equity features, nor any rights or options to subscribe for or to purchase its Equity Interests or (b) any equity appreciation rights, or phantom equity or similar plans or rights. There are no
(a) outstanding obligations of the Company (contingent or otherwise) to repurchase or otherwise acquire or retire any of its Equity Interests or any warrants, options or other rights to acquire its Equity Interests or (b) voting trusts,
proxies or other agreements among the Company’s equityholders with respect to the voting or transfer of the Company’s Equity Interests. As of the Closing, one hundred percent (100%) of the outstanding Equity Interests of the Company
will be held by US Purchaser and will be duly authorized and validly issued, free and clear of any Encumbrances. 
 3.3
Subsidiaries. The Company does not have any Subsidiaries or hold any Equity Interest of any Person. 
 3.4
Indebtedness. Except as set forth on Schedule 3.4, the Company does not have any Indebtedness. 
 3.5
Authorization; Execution & Enforceability; No Breach. 
 (a) Each of the Sellers and the Company has full power
and authority to execute and deliver each Transaction Document to which it is a party and any and all instruments 

  
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necessary or appropriate in order to fully effectuate the terms and conditions of each such Transaction Document and to perform and consummate the transactions contemplated hereby and thereby.

 (b) Each Seller’s execution, delivery and performance of each Transaction Document to which it is a party has been duly
and validly authorized by all necessary action on the part of such Seller and/or its equityholders. The Company’s execution, delivery and performance of each Transaction Document to which it is a party has been duly and validly authorized by
all necessary action on the part of the Company and/or its equityholders. Each Transaction Document to which any of the Sellers or the Company is a party has been duly and validly executed and delivered by the applicable Seller or the Company, as
applicable, and constitutes, or upon its execution and delivery will constitute, assuming due execution by the counterparties thereto, a valid and legally binding obligation of the applicable Seller or the Company, as applicable, enforceable against
the applicable Seller or the Company, as applicable, in accordance with its terms and conditions. 
 (c) Except as set forth on
Schedule 3.5(c), the execution, delivery and performance by each of the Sellers and the Company of each Transaction Document to which it is a party, and the consummation of the transactions contemplated hereby and thereby, do not and will not
(i) result in the creation of any Lien other than Permitted Liens upon any Assets of the Sellers or the Company pursuant to, (ii) conflict with any provision or result in any breach or violation of, (iii) constitute (whether with or
without the passage of time, the giving of notice or both) a default under, (iv) trigger any “change in control” or other similar provision contained in, or (v) give rise to any right of termination, cancellation, acceleration or
other material right under, in each case, (1) any Law applicable to the Sellers, the Company or any of their Assets, (2) the Transaction Documents, (3) the Governing Documents of the Sellers or the Company, (4) any Permit held by
the Sellers or the Company, or (5) any other Material Contracts to which the Sellers or the Company is a party or by which any of their Assets are otherwise bound. Except as set forth on Schedule 3.5(c), none of the Sellers or the
Company is required to provide any notice to, or make any filing with, any Governmental Authority or any other Person, or obtain any Permit or Consent, in each case, for the valid execution, delivery and performance by any of the Sellers or the
Company, as applicable, of the Transaction Documents to which it is a party. 
 3.6 Financial Statements; Books and
Records. Attached hereto as part of Schedule 3.6 are true, correct and complete copies of (a) the unaudited, combined balance sheets of the Company and, with respect to the Transferred Assets and Assumed Liabilities, the Sellers, as
of January 30, 2010, January 29, 2011 and January 28, 2012, and the related unaudited, combined statements of income for the respective twelve-month periods then ended and (b) the unaudited balance sheet of the Company, and
with respect to the Transferred Assets and Assumed Liabilities, the Sellers, as of October 27, 2012, (the “Most Recent Balance Sheet”), and the related unaudited statement of income for the 9-month period then ended. The
financial statements described in clauses (a) and (b) above are collectively referred to herein as the “Financial Statements”. Except as set forth on Schedule 3.6, the Financial Statements (including in all cases
the notes thereto) (x) have been prepared in accordance with GAAP, consistently applied throughout the periods indicated, (y) have been prepared from, and in all material respects in accordance with, the books and records of the Company,
and (z) fairly present in all material respects the financial condition of the Company and accurately reflect in all material 

  
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respects the operating results of the Company (in each case as of the applicable dates or for the applicable periods); provided, however, that the Financial Statements do not
contain all notes required under GAAP. The books of account, minute books and other records of the Company, all of which have been made available to the Purchasers, are, in all material respects, true, correct and complete and have been maintained
in accordance with sound business practices. At the Closing, all such corporate books and records will be in the possession of the Company. 
 3.7 Absence of Undisclosed Liabilities. Except as set forth on Schedule 3.7, the Company does not have any Liability other than (a) Liabilities set forth on the liabilities side of the
Most Recent Balance Sheet (rather than any notes thereto), (b) Liabilities incurred in the Ordinary Course of Business since the Most Recent Balance Sheet, (c) obligations pursuant to any Material Contract or any Contract not required to
be set forth on Schedule 3.13(a), and (d) Liabilities that do not exceed, individually or in the aggregate, $500,000, none of which with respect to clauses (b) and (c) above, is a Liability resulting from breach of contract,
breach of warranty, tort, infringement, claim, lawsuit, violation of Law or environmental Liability or cleanup obligation. 

3.8 Accounts Receivable; Unbilled Revenue. All accounts receivable reflected on the Most Recent Balance Sheet (a) represent
valid obligations arising from bona fide sales actually made or services actually performed in the Ordinary Course of Business, (b) are not subject to valid counterclaims or setoffs, and (c) are current and collectible in accordance with
their terms at their recorded amounts, subject (in the aggregate) only to the reserve for bad debt or other applicable reserve set forth on the Most Recent Balance Sheet. All accounts receivable reflected on the Net Working Capital (as finally
determined under Section 1.1(b)) (i) will represent valid obligations arising from bona fide sales actually made or services actually performed in the Ordinary Course of Business, (ii) will not be subject to valid counterclaims
or setoffs, and (iii) will be current and collectible in accordance with their terms at their recorded amounts, subject (in the aggregate) only to the reserve for bad debt, or other applicable reserve, set forth on the calculations of such Net
Working Capital. 
 3.9 Inventory. All of the inventory reflected on the Most Recent Balance Sheet (a) consists of
raw materials and supplies, manufactured and purchased parts, goods in process, and finished goods, and (b) is merchantable, fit for the purpose for which it was procured or manufactured and is of quantity and quality usable and saleable by the
Company or Canadian Seller, as applicable, in the Ordinary Course of Business, subject (in the aggregate) only to the reserve for inventory writedown, or other applicable reserve, set forth on the Most Recent Balance Sheet, and the Company or
Canadian Seller, as applicable, have good and valid title to such inventory, free and clear of all Liens other than Permitted Liens. All of the inventory reflected on the Net Working Capital (as finally determined under Section 1.1(b))
(i) will consist of raw materials and supplies, manufactured and purchased parts, goods in process, and finished goods, and (ii) will be merchantable, fit for the purpose for which it was procured or manufactured and is of quantity and
quality usable and saleable by the Company or Canadian Seller, as applicable, in the Ordinary Course of Business, subject (in the aggregate) only to the reserve for inventory writedown, or other applicable reserve, set forth on the calculations of
such Net Working Capital, and the Company or Canadian Seller, as applicable, will have good and valid title to such inventory, free and clear of all Liens other than Permitted Liens. Except as set forth in Schedule 3.9, the Company or
Canadian Seller, (whether as buyer, seller or re-seller of particular inventory) do not have any outstanding sales on consignment, sales on approval, sales on return or guaranteed sales, or similar arrangements. 

  
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 3.10 Absence of Certain Developments. Since January 28, 2012, there has occurred
no fact, event or circumstance which has had or could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Except as set forth on Schedule 3.10, since January 28, 2012, the Company and the Sellers
have conducted the Business only in the Ordinary Course of Business, and have not, with respect to or otherwise related to the Business: 
 (a) amended any provision of the Company’s Governing Documents; 
 (b) issued
any Equity Interests of the Company, declared, set aside or made any payment or distribution of cash or other property with respect to its Equity Interests, purchased, redeemed or otherwise acquired any of its Equity Interests; 

(c) incurred any Indebtedness, other than capitalized leases not exceeding $25,000 in the aggregate (determined in accordance with GAAP);

 (d) discharged or satisfied any Lien other than Permitted Liens or paid any Liability, other than current Liabilities paid in
the Ordinary Course of Business; 
 (e) sold (other than sales of inventory in the Ordinary Course of Business), licensed,
leased, transferred, assigned, abandoned or otherwise disposed of any of its Assets or mortgaged, pledged, or imposed any Lien other than Permitted Liens upon any of its Assets; 

(f) suffered any damage, destruction or casualty loss exceeding $25,000 in the aggregate, whether or not covered by insurance, or
experienced any material change in the amount and scope of insurance coverage; 
 (g) made, promised or granted any bonus, any
equity or incentive awards or any wage or salary increase or other compensation and benefits to any employee, group of employees, consultants, officers or directors (other than wage increases in the Ordinary Course of Business), or adopted, amended,
materially increased benefits under or terminated any Employee Benefit Plan, or pay, agree to pay, or set aside funds to pay, any pension, retirement allowance, termination or severance pay, bonus or other employee benefit in a manner not required
by any existing Employee Benefit Plan to any employee, group of employees, consultants, officers or directors; 
 (h) made any
loans or advances to, guarantees for the benefit of, or any Investments in, any Person (other than advances to employees in the Ordinary Course of Business); 
 (i) directly or indirectly engaged in any transaction or entered into any arrangement with any of the Company’s officers, directors, equityholders, Affiliates or any of their respective relatives;

 (j) entered into, modified or terminated any Material Contract; 

  
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 (k) made any capital expenditure (or series of related capital expenditures) or commitment
therefore in excess of $25,000 individually or $50,000 in the aggregate, or delayed or postponed the making of any capital expenditure or the repair or maintenance of any Assets; 

(1) made any change in the policies of the Business with respect to the payment of accounts payable or accrued expenses or the collection
of the accounts receivable or other receivables, including any acceleration or deferral of the payment or collection thereof, as applicable, or made any write down in the value of its inventory in a manner that is outside of the Ordinary Course of
Business; 
 (m) made any material change in the manner in which the Business extends discounts or credits to, or otherwise
deals with, customers; 
 (n) made any material change in the manner in which the Business markets its products or services;

 (o) made any change in its cash management practices or in the accounting methods, principles or practices used by the
Business; 
 (p) taken any action (or failed to take any action) that has resulted in, or could reasonably be expected to result
in, the loss, lapse, abandonment, invalidity or unenforceability of any Company Intellectual Property Rights; 
 (q) made any
change in any method of financial or Tax accounting or financial or Tax accounting practice used by the Company other than such changes as were required by GAAP or applicable Tax Law, as applicable; 

(r) made any Tax election (including any change or revocation of any election), any amendment to any Tax Return, any settlement of any
Tax claim or assessment, any surrender of any right to claim a refund of Taxes or any consent to extend or waive the statute of limitations applicable to any Tax claim or assessment; or 

(s) agreed, whether orally or in writing, to do any of the foregoing. 

3.11 Assets. 
 (a) Except as set forth on Schedule 3.11(a) or disposed of in the Ordinary Course of Business, the Company or the applicable Seller has good and valid title to, or a valid leasehold interest in,
the Assets used by it, located on its premises, set forth on the Most Recent Balance Sheet or acquired thereafter prior to the Closing, in each case, free and clear of all Liens other than Permitted Liens. 

(b) Except for services to be provided pursuant to the Transition Services Agreement and those assets and services set forth on
Schedule 3.11(b), the Assets of the Company and the Transferred Assets (i) together constitute all of the Assets necessary and sufficient to operate the Business in the manner presently operated by the Company, and (ii) when taken
as a whole, (A) are free from any material defects, (B) have been maintained in accordance with normal industry practice, and (C) are in good operating condition and repair (subject to normal wear and tear) adequate and suitable for
the purposes for which such Assets are presently used. 

  
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 3.12 Tax Matters. Except as set forth on Schedule 3.12: 

(a) Each of the Sellers and the Company has filed (or has had filed on its behalf) all Tax Returns that it was required to file under
applicable Laws and regulations. All such Tax Returns were true, correct and complete in all respects and were prepared in compliance with all applicable Laws and regulations. All Taxes due and owing by (or with respect to the operations of) the
Sellers or the Company (whether or not shown on any Tax Return) have been paid. None of the Sellers or the Company is the beneficiary of any extension of time within which to file any currently outstanding Tax Return. Since July 2, 2007, no
claim has ever been made by an authority in a jurisdiction where the Sellers or the Company does not file Tax Returns that the Sellers or the Company, as the case may be, is or may be subject to taxation by, or may be required to file any Tax
Returns in, that jurisdiction. There are no Liens for Taxes (other than Taxes not yet due and payable) upon any of the Assets of the Sellers, the Company or the Business. 
 (b) Each of the Sellers and the Company has withheld and timely paid all Taxes required to have been withheld and paid in connection with any amounts paid or owing to any employee, independent contractor,
creditor, equityholder, or other third party. 
 (c) No foreign, federal, provincial, state, or local Tax audits or
administrative or judicial Tax proceedings are pending or are being conducted with respect to the Sellers or the Company. None of the Sellers or the Company has received from any foreign, federal, state, or local taxing authority (including
jurisdictions where the Company has not filed Tax Returns) any (i) notice indicating an intent to open an audit or other review, (ii) request for information related to Tax matters, or (iii) notice of deficiency or proposed adjustment
for any amount of Tax proposed, asserted, or assessed by any taxing authority or Governmental Authority against the Sellers or the Company. 
 (d) None of the Sellers or the Company has waived any statute of limitations in respect of Taxes or agreed to any extension of time with respect to a Tax assessment or deficiency. 

(e) Each of the Sellers and the Company has disclosed on its U.S. federal income Tax Returns (if any) all positions taken therein that
could give rise to a substantial understatement of federal income Tax within the meaning of Code §6662. None of the Sellers or the Company is a party to or bound by any Tax allocation or sharing agreement. 

(f) None of the Company, the Purchasers or any other of their respective Affiliates will be required to include any item of income in, or
exclude any item of deduction from, taxable income for any taxable period (or portion thereof) ending after the Closing Date as a result of any: 
 (i) change in method of accounting for a taxable period ending on or prior to the Closing Date; 

  
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 (ii) “closing agreement” as described in Code §7121 (or any
corresponding or similar provision of state, local or foreign income Tax law) executed on or prior to the Closing Date; 
 (iii) installment sale or open transaction disposition made on or prior to the Closing Date; 
 (iv) prepaid amount received on or prior to the Closing Date; 
 (v)
intercompany transaction or excess loss account described in the Treasury Regulations under Section 1502 of the Code (or any corresponding or similar provision of state, local or foreign Tax law); or 

(i) election under Section 108(i) of the Code. 

(g) None of the Sellers or the Company has engaged in any “listed transaction” or “reportable transaction” as defined
in the Treasury Regulations promulgated under Sections 6011, 6111 and 6112 of the Code. 
 (h) The Company has, since
July 27, 2012, been properly classified as a disregarded entity for U.S. federal, state and local income tax purposes. 

(i) None of the Sellers or the Company has any liability for Taxes of any other Person under Treasury Regulations Section 1.1502-6
or any analogous provision of state, local or foreign Tax Law, or as a transferee or successor, by Contract, or otherwise. 

(j) The Sellers and the Company have delivered or made available to the Purchasers correct and complete copies of all income Tax Returns
filed by, and all examination reports and statements of deficiencies assessed against or agreed to by the Company for any taxable period ended on or after December 31, 2009. 

(k) None of the Sellers or the Company is subject to any ruling of the Internal Revenue Service (or any similar state, local or foreign
agency) or has a request for such a ruling currently pending or has entered into any legally binding agreement with a taxing authority relating to any Tax. 
 (l) Canada Seller is not a non-resident of Canada for purposes of the Income Tax Act (Canada). 
 (m) Canada Seller is registered under the Excise Tax Act (Canada) for purposes of the harmonized sales tax and goods and services tax and (i) its registration number is 102221900 and (ii) its
business address is 151 Superior Blvd., Mississagua, Ontario L5T 2L1. The inventory included in the Transferred Assets is located in the province of Ontario, Canada. 

  
 - 15 -

 3.13 Contracts and Commitments. 

(a) Except as set forth on Schedule 3.13(a) (which references subsections (i) through (xvi) below, as applicable),
neither the Company nor any Seller (with respect to the Business) is a party to or bound by any written or oral: 

(i) pension, profit sharing, incentive, equity option, phantom equity, employee equity purchase or other plan or
arrangement providing for deferred or other compensation to employees or any other employee benefit plan, arrangement or practice; 
 (ii) management agreement or Contract for the employment of any officer, individual employee or other Person on a full-time, part-time, consulting or other basis (A) providing annual cash or other
compensation in excess of $75,000, (B) providing for the payment of any cash or other compensation or benefits as a result of the execution of this Agreement and/or the consummation of the transactions contemplated hereby, or (C) otherwise
restricting its ability to terminate the employment of any employee at any time for any lawful reason or for no reason without Liability; 
 (iii) collective bargaining agreement, or any Contract with a works council, trade union, labor organization, or other employee representative; 

(iv) Contract with any Governmental Authority; 

(v) Contract relating to borrowed money or other Indebtedness or the mortgaging, pledging or otherwise placing a Lien
other than a Permitted Lien on any material Asset or group of material Assets or any letter of credit arrangements, or any guaranty therefor; 
 (vi) Contract under which the Company is a (A) lessee of or holds or operates any personal property owned by any other Person, except for any lease of personal property under which the aggregate
annual rental payments do not exceed $50,000 or (B) lessor of or permits any Person to hold, operate or occupy any personal property, owned or controlled by the Company; 

(vii) Contract or group of related Contracts with the same party or group of Affiliated parties continuing over a period
of more than six months from the date or dates thereof, not terminable by the Company upon 30 days or less notice without penalty or involving more than $50,000; 

(viii) Contract relating to the ownership of, Investments in or loans and advances to any Person, including Investments in
joint ventures and minority equity investments; 
 (ix) license, royalty or other Contracts with respect to any
Intellectual Property Rights (other than licenses for mass-marketed software with a replacement cost and/or aggregate annual license and maintenance fees of less than $10,000), including all Contracts relating to Rights of Publicity and all
Contracts relating to the design, development or hosting of any website owned or used by the Company (including any content included on any such website); 

  
 - 16 -

 (x) Contract that contains any provision pursuant to which the Company is
obligated to indemnify or make any indemnification payments to any Person; 
 (xi) agent, sales representative,
sales or distribution Contracts (other than purchase and sale orders entered into in the Ordinary Course of Business); 
 (xii) Contract relating to the marketing or advertising of the Company’s products or services; 
 (xiii) power of attorney or other similar Contract or grant of agency; 
 (xiv) Contract prohibiting it, now or in the future, from freely engaging in any business or competing anywhere in the world or restricting its use of any Intellectual Property Rights, including any
nondisclosure, non-competition, settlement, coexistence, standstill or confidentiality agreements; 
 (xv)
Contract (A) providing for the Company to be the provider or supplier of any product or service to any Person who is a Material Customer of the Company, (B) providing for any Person who is a Material Supplier or service provider of the
Company to be the provider of any product or service to the Company, (C) providing for the Company to be the exclusive or preferred provider or supplier of any product or service to any Person or the exclusive or preferred recipient or customer
of any product or service of any Person or that otherwise involves the granting by any Person to the Company of exclusive or preferred rights of any kind (including with respect to any distribution or sales rights in any territory),
(D) providing for any Person to be the exclusive or preferred provider of any product or service to the Company or the exclusive or preferred recipient of any product or service of the Company or that otherwise involves the granting by the
Company to any Person of exclusive or preferred rights, (E) granting to any Person a right of first refusal or right of first offer on the sale of any part of the business of the Company or (F) containing a provision of the type commonly
referred to as “most favored nation” provision for the benefit of a Person other than the Company; 

(xvi) Settlement, conciliation, or similar Contract pursuant to which the Company is obligated to pay consideration after
the date of this Agreement in excess of $50,000; or 
 (xvii) Contract that is otherwise material to the Assets,
business, operations or financial condition of the Business or the Company, taken as a whole. 
 (b) All of the Contracts set
forth or required to be set forth on Schedule 3.13(a) together with all Real Property Leases and Insurance Policies (collectively, the “Material Contracts”) are legal, valid, binding and enforceable as to the Company or a
Seller (as applicable) and, to the Knowledge of the Company, the other parties thereto, in accordance with their respective terms. Each Material Contract is currently in full force and effect and will be in

  
 - 17 -

 
full force and effect in accordance with its terms upon consummation of the transactions contemplated hereby. Except as set forth on Schedule 3.13(b), the Company or a Seller (as
applicable), and to the Company’s Knowledge, each other party to any Material Contract, has performed all obligations required to be performed by it and is not in default under or in breach of, or in receipt of any claim of default or breach
under, any Material Contract. There has not occurred any event that, with the lapse of time or the giving of notice or both, would constitute a default or breach under a Material Contract by the Company or a Seller (as applicable), or to the
Company’s Knowledge, any of the other parties to such Material Contract. The Company or a Seller (as applicable) has not received written notice, or to the Company’s Knowledge, other notice, that any other party to any Material Contract
intends to cancel, terminate or breach any such Material Contract or to exercise or not to exercise any option to renew thereunder. The Purchasers have been provided (i) a true, correct and complete copy of each Material Contract, together with
all amendments, waivers or other changes thereto, and (ii) a true, correct and complete description of the material terms of all oral Material Contracts. 
 3.14 Intellectual Property Rights. 
 (a) Schedule 3.14(a) contains a
true, correct and complete list of all of the following in any jurisdiction that are owned or used by the Company or the Business: (i) patented or registered Intellectual Property Rights, including Internet domain names, (ii) pending
patent applications or applications for registrations of other Intellectual Property Rights, (iii) all software (other than mass-marketed software with a replacement cost and/or aggregate annual license and maintenance fees of less than $
10,000), (iv) material unregistered Marks, (v) material unregistered copyrights, and (vi) any other material Intellectual Property Rights. 
 (b) The Company exclusively owns and possesses, free and clear of all Liens other than Permitted Liens, all right, title and interest in and to, or has the right to use pursuant to a valid and enforceable
written license, all Intellectual Property Rights necessary for, held for use, or used in the operation of the Business as now conducted and as proposed to be conducted as of the Closing Date (together with all Intellectual Property Rights owned by
the Company, collectively, the “Company Intellectual Property Rights”). All of the Company Intellectual Property Rights are valid, enforceable, subsisting, and in full force and effect. No loss or expiration of any of the Company
Intellectual Property Rights is threatened, pending or reasonably foreseeable. The Company has taken all reasonable or necessary actions and follows all practices common in the industry to maintain, protect and enforce the Company Intellectual
Property Rights, including the secrecy, confidentiality and value of its trade secrets and other Confidential Information. 

(c) Except as set forth on Schedule 3.14(c), (i) there are no claims against the Company or the Sellers (with respect to the
Business) that were either made within the past six years, are presently pending, or to the Company’s Knowledge threatened, contesting the validity, use, ownership, enforceability, patentability or registrability of any of the Company
Intellectual Property Rights, and, to the Company’s Knowledge, there is no reasonable basis for any such claim, (ii) the Company and the Sellers (with respect to the Business) have not infringed, misappropriated or otherwise conflicted
with, and the operation of the Business as now conducted and as proposed to be conducted as of the Closing Date does not infringe, misappropriate or otherwise conflict with, any Intellectual Property Rights or other rights of

  
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other Persons, and the Company and the Sellers have not received any notices regarding any of the foregoing (including any demands or offers to license any Intellectual Property Rights from any
other Person), and (iii) to the Company’s Knowledge, no third party has infringed, misappropriated or otherwise conflicted with any of the Company Intellectual Property Rights. The transactions contemplated by this Agreement shall not
impair the right, title or interest of the Company in and to the Company Intellectual Property Rights and Company Systems, and all of the Company Intellectual Property Rights and Company Systems shall be owned or available for use by the Company or
the Business immediately after the Closing on terms and conditions identical to those under which the Company owned or used the Company Intellectual Property Rights and Company Systems immediately prior to the Closing. The Company Intellectual
Property Rights are not subject to any outstanding consent, settlement, decree, order, injunction, judgment or ruling restricting the use, enforcement, ownership, patenting, registration, transfer or disposition thereof. 

(d) Except as set forth on Schedule 3.14(d), all past and present employees and independent contractors of, and consultants to,
the Company and the Sellers (with respect to the Business) have entered into agreements pursuant to which such employee, independent contractor or consultant agrees to protect the Confidential Information and assign to the Company all Intellectual
Property Rights created or otherwise developed by such employee, independent contractor or consultant in the course of his, her or its relationship with the Company or a Seller (as applicable), without further consideration or any restrictions or
obligations on the use or ownership of such Intellectual Property Rights whatsoever, and such agreements are valid and enforceable in accordance with their terms. 
 (e) Other than the software, hardware, firmware, networks, interfaces and related systems relating to (i) services contemplated by the Transition Services Agreement and (ii) those assets and
services set forth on Schedule 3.11(b), the software, hardware, firmware, networks, interfaces and related systems owned, leased or licensed by the Company in the conduct of the Business (collectively, “Company Systems”) are
sufficient for the Company’s and the Business’s current and anticipated future needs, and, during the past 24 months, there have been no failures, crashes or other adverse events affecting the Company Systems that have had an adverse
effect on the ability of the Company to operate the Business in any material respect. 
 (f) The Company and the Sellers (with
respect to the Business) are, and during the three (3) year period prior to the date of this Agreement, have been, in compliance with (i) all applicable data protection or privacy Laws governing the collection, use, disclosure, transfer or
other disposition of personal information and (ii) any privacy policies or related policies, programs or other notices that concern the Company’s and the Business’s collection, use, disclosure, transfer or other disposition of
personal information. During the three year period prior to the date of this Agreement, there have not been any incidents of data security breaches or complaints, notices to, or audits, proceedings or investigations conducted or claims asserted by
any other Person regarding the collection, use, disclosure, transfer or other disposition of personal information by any Person in connection with the Business, the Company or of the Company’s Subsidiaries or any violation of any applicable
Law, and to the Company’s Knowledge, there is no reasonable basis for the same and no such claim has been threatened or pending. 

  
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 3.15 Litigation. Except as set forth on Schedule 3.15, there are no, and
during the three-year period prior to the date hereof there have been no, (a) Proceedings or claims pending or, to the Company’s Knowledge, threatened against the Sellers, the Company or their Assets, whether at law or in equity, whether
civil or criminal in nature or by or before any Governmental Authority, or (b) Orders with respect to or involving the Sellers, the Company or their Assets, in each case, that could reasonably be expected to have an adverse effect on the
Company or on the Business. To the Company’s Knowledge, there exist no facts or circumstances that could form the basis for any such Proceedings, claims or Orders. There are no Proceedings, Orders, claims pending or, to the Company’s
Knowledge, threatened against or affecting the Sellers or the Company pursuant to which a Person is seeking or will seek to restrain or prohibit or to obtain damages or other relief in connection with the transactions contemplated by any of the
Transaction Documents. 
 3.16 Brokerage. Except for the fees and expenses of The Sage Group, LLC, which shall be Unpaid
Seller Expenses at the Closing, there are and will be no claims for brokerage commissions, finders’ fees or similar compensation in connection with the transactions contemplated by this Agreement based on any arrangement or agreement to which
any of the Sellers or the Company is a party or subject to. 
 3.17 Insurance. Schedule 3.17 sets forth and
briefly describes each insurance policy maintained by the Company or the Sellers with respect to its Assets and operations of the Business (collectively, the “Insurance Policies”) and sets forth the date of expiration of each such
Insurance Policy. All Insurance Policies are issued by insurers of recognized responsibility. The insurance coverage provided by the Insurance Policies (a) is on such terms, (b) covers such categories of risk, (c) contains such
deductibles and retentions, and (d) is in such amounts, in each case, as is adequate and suitable for the Assets and operations of the Business and as is customary for companies of similar size engaged in similar lines of business. With respect
to each Insurance Policy, (a) there are no claims pending as to which coverage has been questioned, denied or disputed by the underwriter(s) of such Insurance Policy, (b) all premiums due have been paid, (c) no notice of cancellation
or termination has been given, and (d) the Company and the Sellers have complied in all material respects with the terms and provisions of such Insurance Policy. Except as set forth and described on Schedule 3.17, the Company and the
Sellers (with respect to the Business) have no self-insurance or co-insurance programs. 
 3.18 Labor Matters.
Schedule 3.18 contains a true, correct and complete list as of the date hereof of (a) all employees employed by the Company and the Sellers (with respect to the Business), (b) the job title, rate of all current compensation payable
by the Company or a Seller (as applicable) to each such employee, including any bonus, contingent or deferred compensation, current employment status (active, or on leave with nature of leave and anticipated date of return and (c) the officers
and directors of the Company. Except as set forth on Schedule 3.18, to the Company’s Knowledge, no executive or key employee of the Company or the Business and no group of employees of the Company or the Business has any plans to
terminate employment with the Company or the Business. The Company: (i) is not a party to any collective bargaining agreement or any other Contract or relationship with any labor organization, works council, trade union, labor organization or
any employee representative; (ii) has not engaged in any unfair labor practices; (iii) has not, during the past five years, experienced any labor strike, lockout, work stoppage or other material labor dispute (nor, to the Company’s

  
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Knowledge, is any such dispute threatened or reasonably anticipated); (iv) has not, during the past five years, experienced any union organizing or decertification activities with respect to
any of its employees (nor, to the Company’s Knowledge, are any such activities threatened or reasonably anticipated), nor had any question concerning representation arise respecting such employees; and (v) has not engaged in any plant
closing or employee layoff activities within the last three years that could implicate the Worker Adjustment Retraining and Notification Act of 1988, as amended, or any similar state or local or foreign plant closing or mass layoff statute, rule or
regulation. 
 3.19 Employee Benefit Plans. 
 (a) Schedule 3.19(a)(i) sets forth a true and complete list of all “employee benefit plans” within the meaning of ERISA §3(3), and all medical, dental, life insurance, equity,
bonus or other incentive compensation, disability, salary continuation, severance, retention, retirement, pension, deferred compensation, vacation, sick pay or paid time off plans or policies, employment agreements, consulting agreements, offer
letters, change in control arrangements, collective bargaining agreements and any other material plans, agreements, policies, trust funds or arrangements (whether written or unwritten, insured or self-insured) (i) established, maintained,
sponsored or contributed to (or with respect to which any obligation to contribute has been undertaken) by the Sellers, the Company, their respective Subsidiaries or any ERISA Affiliate on behalf of any employee, officer, director, stockholder of
the Company (whether current, former or retired) or their beneficiaries, or (ii) with respect to which the Company or its Subsidiaries has any obligation or liability (each, without regard to materiality qualifiers, an “Employee Benefit
Plan”, and collectively, the “Employee Benefit Plans”). Except as set forth on Schedule 3.19(a)(ii), none of the Employee Benefit Plans is sponsored by the Company or its Subsidiaries (any Employee Benefit Plan set
forth on Schedule 3.19(a)(ii), a “Company-Sponsored Benefit Plan”). Except as described on Schedule 3.19(a)(iii), neither the Company nor any of its Subsidiaries is a contractual party to any Employee Benefit Plan.
Each Employee Benefit Plan subject to the Laws of a jurisdiction outside of the United States is separately identified on Schedule 3.19(a)(i). 
 (b) The Sellers have made available to the Purchaser or its agents or representatives: (i) copies of all plan documents setting forth the terms of each Employee Benefit Plan, including all amendments
thereto and written summaries of all material Employee Benefit Plans that are not in writing; (ii) the most recent summary plan description, if any, required under ERISA with respect to each Employee Benefit Plan; (iii) all agreements or
documents setting forth the obligations of the Company and its Subsidiaries with respect to such plans; and (iv) the most recent Internal Revenue Service determination or opinion letter issued with respect to each Employee Benefit Plan intended
to be qualified under Code §401(a). 
 (c) Neither, the Company, nor its Subsidiaries, has ever contributed to, contributes
to, has ever been required to contribute to, or otherwise participated in or participates in or in any way, directly or indirectly, has any Liability (including on account of any ERISA Affiliate that would or would reasonably be expected to become a
liability of the Purchaser, the Company or its Subsidiaries) with respect to any plan that is (i) a “multiple employer welfare arrangement” (within the meaning of ERISA § 3(40)), or (ii) subject to Section 412 of the
Code, Section 302 of ERISA or Title IV of ERISA, including any “multiemployer plan” (within the meaning of ERISA §3(37) or Code §414(f)), or any “single-employer plan” (within the meaning of ERISA
§4001(a)(15)) that is subject to ERISA §§4063, 4064 or 4069. 

  
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 (d) Each Company-Sponsored Benefit Plan and, except as would not or would not reasonably be
expected to result in liability to the Company, each Employee Benefit Plan intended to qualify under Code §401(a) is qualified and has received a favorable determination letter from the Internal Revenue Service (or the prototype plan on
which such plan is based has received an opinion letter from the Internal Revenue Service upon which it may rely regarding its qualified status under the Code), and nothing has occurred, whether by action or by failure to act, that caused or could
cause the loss of such qualification or the imposition of any penalty or Tax Liability. Except as could not result in liability to the Company or the Purchasers, all payments required by each Employee Benefit Plan, any collective bargaining
agreement or other agreement, or by Law (including, without limitation, all contributions, insurance premiums or intercompany charges) with respect to all prior periods have been made or provided for by the Seller, their Subsidiaries or the Company
in accordance with the provisions of each of the Employee Benefit Plans, applicable Law and GAAP. 
 (e) No proceeding has been
threatened, asserted, instituted or, to the Company’s or Sellers’ Knowledge, is anticipated against the Company with respect to any Company-Sponsored Benefit Plan and, except as would not, or would not reasonably be expected to, result in
liability to the Company, any Employee Benefit Plan, any trustee or fiduciaries thereof, or any of the assets of any trust of any of the Employee Benefit Plans. Each Company-Sponsored Benefit Plan and, except as would not result in liability to the
Company, each Employee Benefit Plan complies in form and has been maintained and operated in all material respects in accordance with its terms and applicable Law, including ERISA and the Code. Neither the Company nor any third party, has engaged in
a non-exempt “prohibited transaction,” within the meaning of Code §4975 and ERISA §406, with respect to the Company-Sponsored Benefit Plan and, except as would not, or would not reasonably be expected to, result in liability to
the Company, the Employee Benefit Plans, and no such “prohibited transaction” with respect to the Employee Benefit Plans is reasonably expected to occur as a result of any action or inaction by the Company or any third party. No Employee
Benefit Plan is under, and neither the Sellers, or their Subsidiaries, nor the Company have received any notice of, an audit or investigation by the Internal Revenue Service, Department of Labor or any other Governmental Authority, and no such
completed audit, if any, has resulted in the imposition of any Tax or penalty that could result in Liability to the Company or its Subsidiaries. 
 (f) No Employee Benefit Plan provides post-retirement health and welfare benefits to any current or former employee of the Company or any of its Subsidiaries, except as required under Code §4980B,
Part 6 of Title I of ERISA or any other applicable Law and for which the beneficiary pays the entire cost of coverage. The Company and, except as would not, or would not reasonably be expected to, result in liability to the Company, its ERISA
Affiliates have complied and are in compliance with the requirements of Code §4980B. 
 (g) Except as would not reasonably
be expected to result in any Liability to the Company, the consummation of the transactions contemplated by this Agreement alone, or in combination with any other event (where such event would not alone have an effect described in this sentence),
will not give rise to any Liability, or require funding by the Company or Seller, 

  
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under any Employee Benefit Plan, including Liability for severance pay, termination pay or withdrawal Liability, or accelerate the time of payment or vesting or increase the amount of
compensation or benefits due to any employee, officer, director, stockholder or other individual consultant or independent contractor of the Company (whether current, former or retired) or their beneficiaries. No amount that could be received
(whether in cash or property or the vesting of property), as a result of the consummation of the transactions contemplated by this Agreement or any other event, by any employee, officer, director, stockholder or other service provider of the Company
under any Employee Benefit Plan or otherwise would not be deductible by reason of Section 280G of the Code or would be subject to an excise tax under Section 4999 of the Code. 

(h) Neither the Company nor any employee, officer, director, stockholder or other service provider of the Company has made any promises
or commitments, whether legally binding or not, to create any additional Employee Benefit Plan, or to modify or change in any material way any existing Employee Benefit Plan, in each case, with respect to which the Company or any Purchaser could
have liability. 
 (i) The Company does not have any unfunded liabilities pursuant to any Employee Benefit Plan that is not
intended to be qualified under Code §401(a) and is an “employee pension benefit plan” within the meaning of ERISA §3(2), a nonqualified deferred compensation plan or an excess benefit plan. Except as would not reasonably be
expected to result in any Liability to the Company, each Employee Benefit Plan that is a “nonqualified deferred compensation plan” (as defined under Code §409A(d)(1)) has been operated and administered in compliance with, and is in
documentary compliance with, Code §409A and the treasury regulations and other official guidance promulgated thereunder. 

(j) Any individual who performs services for the Company and who is not treated as an employee for federal income tax purposes by the
Company is not an employee under applicable Law or for any purpose including, for Tax withholding purposes or, except as would not result in any Liability to the Company, any Employee Benefit Plan purposes. The Company has no Liability by reason of
an individual who performs or performed services for the Company in any capacity being improperly excluded from participating in an Employee Benefit Plan. Each employee of the Company has been properly classified as “exempt” or
“non-exempt” under applicable Law. 
 3.20 Compliance with Laws; Permits. Except as set forth on Schedule
3.20: 
 (a) The Company and the Sellers (with respect to the Business) have complied in all material respects with, are in
compliance in all material respects with, and have operated the Business and maintained its Assets in compliance in all material respects with, all applicable Laws. No notice has been received by, and no claims have been filed against, the Company
alleging a violation of any such Laws. To the Company’s Knowledge, there is no proposed Law which would prohibit or restrict the Company or the Business from, or otherwise materially adversely affect the Company or the Business in, conducting
its business in any jurisdiction in which it is now conducting its business or in which it has proposed to conduct its business as of the Closing Date. 

  
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 (b) Except with respect to Permits relating to Environmental and Safety Requirements which
are addressed in Section 3.21 and those Permits set forth on Schedule 3.20(b), (i) the Company holds all material Permits used or necessary in the conduct of the Business or the ownership of its Assets, (ii) such Permits
are valid and in full force and effect, (iii) no notice has been received by the Company alleging the failure to hold any such Permit, (iv) the Company is in compliance with the terms and conditions of such Permits, and (v) all of
such Permits will be available for use on the same terms by the Company immediately after the Closing. 
 3.21 Environmental
and Safety Matters. Except as set forth on Schedule 3.21: 
 (a) The Company and the Sellers (with respect to the
Business) have at all times complied and are in compliance in all material respects with all Environmental and Safety Requirements. 
 (b) Without limiting the generality of the foregoing, the Company has obtained and at all times complied in all material respects with, and is in compliance in all material respects with, all Permits that
may be required pursuant to any Environmental and Safety Requirements for the operation of the Company’s businesses and the occupation of its facilities. 
 (c) The Company has not received any oral or written notice, report or other information regarding any actual or alleged material violation of, or any material Liabilities or potential material
Liabilities (including any investigatory, corrective or remedial obligations) arising under, Environmental and Safety Requirements. 
 (d) The Company and its predecessors have not treated, stored, disposed of, arranged for or permitted the disposal of, transported, handled, exposed any Person to, or released any substance (including any
hazardous substance), or owned or operated any facility or property (including the Leased Real Property) which is or has been contaminated by any substance, so as to give rise to any current or future material Liabilities (including any
investigatory, corrective or remedial obligations) pursuant to any Environmental and Safety Requirements. 
 (e) The Company has
not assumed, undertaken or otherwise become subject to any material Liability, including any obligation for investigatory, corrective or remedial action, of any other Person relating to any Environmental and Safety Requirements. 

(f) The Company and its predecessors have not manufactured, sold, marketed, installed, repaired or distributed products or items
containing asbestos, lead or other hazardous substances, and none of such entities have any material Liabilities with respect to the presence or alleged presence of asbestos, lead or other hazardous substances in any such product or item or at or
upon any property or facility. 
 (g) The Company has provided to the Purchaser true, correct and complete copies of all
environmental audits, assessments and reports, and all other documents materially bearing on environmental, health or safety Liabilities, relating to the past or current properties, facilities or operations of the Company or its predecessors, in
each case which are in the possession or under the reasonable control of the Company. 

  
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 3.22 Affiliate Transactions. Except as set forth on Schedule 3.22(a), no
officer, director, equityholder or Affiliate of the Sellers or the Company or, to the Company’s Knowledge, any individual related by blood, marriage or adoption to any such Person or any entity in which any such Person owns any beneficial
interest, is a party to any Contract or transaction with the Company or has any material interest any Assets used by the Business. Except as set forth in Schedule 3.22(b), no Affiliate of the Company owns, directly or indirectly, any interest
or has any investment or profit participation in a corporation or other entity (i) which is a competitor or potential competitor of the Company or (ii) which otherwise does business with the Company. 

3.23 Customer; Suppliers. 
 (a) Schedule 3.23(a) sets forth a list of the top 10 customers of the Business by dollar volume of sales for the 9 months ended October 27, 2012 (the “Material Customers”).
The Company has not received any notice from any customer listed on Schedule 3.23(a) and, to the Company’s Knowledge, no facts or circumstances exist to the effect that any such customer has or may stop, materially decrease the rate
of, or materially change the terms (whether related to payment, price or otherwise) with respect to purchasing materials, products or services from the Company, in each case, whether as a result of the consummation of the transactions contemplated
hereby or otherwise, and the consummation of the transactions contemplated hereby would not reasonably be expected to cause any such customer to take any such action. The terms under which the Material Customers purchase materials, products or
services from the Company are the result of arms length transactions, and no written Contract between the Company and any Material Customer explicitly grants the Company premium pricing due to its affiliation with US Seller or any of its Affiliates.
There are no material disputes between the Company and any Material Customer. 
 (b) Schedule 3.23(b) sets forth a list
of the top 10 suppliers of the Business by dollar volume of purchases for the 9 months ended October 27, 2012 (the “Material Suppliers”). The Company has not received any notice from any supplier listed on
Schedule 3.23(b) and, to the Company’s Knowledge, no facts or circumstances exist to the effect that any such supplier has or may stop, materially decrease the rate of, or materially change the terms (whether related to payment,
price or otherwise) with respect to supplying materials, products or services to the Company (including by requiring the Company to post a letter of credit or other similar form of collateral), in each case, whether as a result of the consummation
of the transactions contemplated hereby or otherwise, and the consummation of the transactions contemplated hereby would not reasonably be expected to cause any such supplier to take any such action. The terms under which the Material Suppliers
supply materials, products or services to the Company are the result of arms length transactions, and no written Contract between the Company and any Material Supplier explicitly grants a discount to the Company due to its affiliation with US Seller
or any of its Affiliates. There are no material disputes between the Company and any Material Supplier. 

  
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 3.24 Real Property. 

(a) The Company does not have any Owned Real Property. The Company is not a party to any agreement or option to purchase any real property
or any interest therein. 
 (b) Schedule 3.24(b) sets forth a true, correct and complete list, by address, of all Real
Property Leases (including all amendments, extensions, renewals, guaranties and other agreements with respect thereto), including the date and name of the parties to each Real Property Lease, and each building, structure, improvement and fixture or
other interest in real property, including all easements and other rights and interests appurtenant thereto, leased, subleased or otherwise occupied by the Company (the “Leased Real Property”). The Company has delivered to the
Purchasers a true and complete copy of each Real Property Lease document and, in the case of any oral Real Property Lease, a written summary of the material terms of such Real Property Lease. Except as set forth on Schedule 3.24(b), with
respect to each of the Real Property Leases: (i) the Company’s possession and quiet enjoyment of the Leased Real Property under such Real Property Lease has not been disturbed and, to the Company’s Knowledge, there are no disputes
with respect to such Real Property Lease; (ii) no security deposit or portion thereof deposited with respect such Real Property Lease has been applied in respect of a breach or default under such Real Property Lease which has not been
redeposited in full; (iii) the Company does not owe, and will not owe in the future, any brokerage commissions or finder’s fees with respect to such Real Property Lease; (iv) the Company has not subleased, licensed or otherwise
granted any Person the right to use or occupy such Leased Real Property or any portion thereof; (v) the Company has not collaterally assigned or granted any other security interest in such Real Property Lease or any interest therein; and
(vi) there are no Liens other than Permitted Liens on the estate or interest created by such Real Property Lease. 
 (c)
Schedule 3.24(c) sets forth a description of all material Leasehold Improvements for each Leased Real Property (such Leasehold Improvements, together with the Leased Real Property, the “Real Property”). The Company has good
and marketable title to the Leasehold Improvements, free and clear of all Liens, other than Permitted Liens, and other than the rights of the Purchasers pursuant to this Agreement. Other than the rights of the Purchasers pursuant to this Agreement,
there are no outstanding options, rights of first offer or rights of first refusal to purchase any such Leasehold Improvement or any portion thereof or interest therein. 
 (d) The Real Property constitutes all of the real property leased, occupied or otherwise utilized primarily in connection with the Business. 

(e) There exists no violation of any covenant, condition, restriction, easement, agreement or order affecting any portion of the Real
Property. 
 (f) All buildings, structures, improvements, fixtures, building systems and equipment, and all components thereof,
included in the Real Property (the “Improvements”) are in good condition and repair and sufficient for the operation of the business of the Company. There are no structural deficiencies or latent defects affecting any of the
Improvements and, to the Company’s Knowledge, there are no facts or conditions affecting any of the Improvements which would, individually or in the aggregate, interfere in any material respect with the use or occupancy of the Improvements or
any portion thereof in the operation of the business of the 

  
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Company. No such Improvements or accessways encroach on land not included in the Real Property and no such Improvement is dependent for its access, operation or utility on any land, building or
other improvement not included in the Real Property. 
 (g) All water, oil, gas, electrical, steam, compressed air,
telecommunications, sewer, storm and waste water systems and other utility services or systems for the Real Property have been installed and are operational and sufficient for the operation of the business of the Company as currently conducted
thereon, and all hook-up fees or other similar fees or charges have been paid in full. Each such utility service enters the Real Property from an adjoining public street or valid private easement in favor of the supplier of such utility service or
appurtenant to such Real Property, and is not dependent for its access, use or operation on any land, building, improvement or other real property interest which is not included in the Real Property. 

3.25 Product Warranty. Each product manufactured, sold or delivered by the Company has been in material conformity with all
applicable Contractual commitments and with all specifications set forth on any labels affixed thereto. Except as set forth on Schedule 3.25, no product manufactured, sold or delivered by the Company is subject to any guarantee, warranty, or
other indemnity beyond the Company’s applicable standard terms and conditions of sale. The Most Recent Balance Sheet reflects an adequate reserve for product warranty claims. 

3.26 Compliance with Customs and International Trade Laws. To the Company’s Knowledge and with respect to the Business:

 (a) None of the Sellers or the Company (i) has received any written notice that any of the Sellers or the Company is
subject to (A) any civil or criminal investigation or assessment for failure to properly mark imported merchandise or return merchandise to any relevant Governmental Authority’s custody, (B) additional customs duties, Taxes or fees,
(C) denial order or suspension of export privileges, (D) government sanction, or (E) any pending Proceeding relating to any alleged or actual underpayment of applicable customs duties, Taxes or other import duties and fees, or
(ii) has knowledge of any violation of import Laws by any of the Sellers or the Company; 
 (b) None of the Sellers or the
Company has made or provided any materially false statement to any Governmental Authority, in connection with the importation of merchandise, the valuation or classification of imported merchandise, the duty treatment of imported merchandise, the
eligibility of imported merchandise for favorable duty rates or other special treatment, country of origin marking, North American Free Trade Agreement certificates, other statements or certificates concerning origin, quota or visa rights, export
licenses or other export authorizations, U.S. or other territorial content requirements, licenses or other approvals required by a Governmental Authority; 
 (c) None of the Sellers or the Company has received any written notice or otherwise has knowledge that any products or materials imported by any of the Sellers or the Company, or on behalf of any of the
Sellers or the Company is subject to or otherwise covered by an antidumping duty order or countervailing duty order that remains in effect or is subject to or otherwise covered by any pending antidumping or countervailing duty investigation by any
Governmental Authority; 

  
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 (d) None of the Sellers or the Company, nor any agent acting directly on behalf of any of
the Sellers or the Company, has, in furtherance of or in connection with the business of any the Sellers or the Company or otherwise, made any payment, offer, gift, promise to give, or authorized any payment or gift, either directly or indirectly,
to any person so as to influence a person to perform his or her function improperly or where the offer, provision or acceptance of such advantage would itself be improper or in violation of applicable anti-corruption Laws; and 

(e) None of the Sellers or the Company, nor any officer or director of any of the Sellers or the Company, nor any agent acting on behalf
of the Sellers or the Company (i) is or has participated in any transaction involving a Person designated by the U.S. Department of Treasury, Office of Foreign Assets Control (“OFAC”) on the list of Specially Designated
Nationals and Blocked Persons or on any similar government sanctions or export controls list including similar lists issued by the Canadian Governmental Authorities, or (ii) has imported from or exported to (including deemed exportation) or
re-exported, directly or indirectly, any good, technology or services to any country subject to OFAC sanctions or otherwise in violation of any applicable import or export control or economic sanctions Laws or orders administered by any Governmental
Authority, including the Laws governing the import or export controls or economic sanctions of the Canadian Governmental Authorities. 
 ARTICLE IV 
 Representations and Warranties of the Purchasers

 As a material inducement to the Sellers to enter into this Agreement and consummate the transactions contemplated hereby,
the Purchasers hereby jointly and severally represent and warrant to the Sellers as follows: 
 4.1 Organization, Power and
Authority. Each Purchaser is duly organized, validly existing and in good standing under the Laws of the jurisdiction of its formation. Each Purchaser possesses full power and authority necessary to carry out the transactions contemplated by
this Agreement. 
 4.2 Authorization; Execution & Enforceability; No Breach. 

(a) Each Purchaser has full power and authority to execute and deliver each Transaction Document to which it is a party and any and all
instruments necessary or appropriate in order to fully effectuate the terms and conditions of each such Transaction Document and to perform and consummate the transactions contemplated hereby and thereby. 

(b) Each Purchaser’s execution, delivery and performance of each Transaction Document to which it is a party has been duly and
validly authorized by all necessary action on the part of such Purchaser and/or its equityholders. Each Transaction Document to which a Purchaser is a party has been duly and validly executed and delivered by such Purchaser and constitutes, or upon
its execution and delivery will constitute, a valid and legally binding obligation of such Purchaser, enforceable against such Purchaser in accordance with its terms 

  
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and conditions, except as the enforcement hereof and thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or similar Laws generally
affecting the rights of creditors and subject to general principles of equity, regardless of whether enforcement is sought in equity or in law. 
 (c) The execution, delivery and performance by each Purchaser of each Transaction Document to which it is a party, and the consummation of the transactions contemplated hereby and thereby, do not and will
not (i) conflict with any provision or result in any breach or violation of, (ii) constitute (whether with or without the passage of time, the giving of notice or both) a default under, or (iii) give rise to any right of termination,
cancellation, acceleration or other material right under, in each case, (1) any Law applicable to such Purchaser, (2) the Transaction Documents, (3) the Governing Documents of such Purchaser, (4) any Permit of such Purchaser, or
(5) any other Contracts to which such Purchaser is a party or by which any of the Assets of such Purchaser are otherwise bound. Except as set forth on Schedule 4.2(c), neither Purchaser is required to provide any notice to, or make any
filing with, any Governmental Authority or any other Person, or obtain any Permit or Consent, in each case, for the valid execution, delivery and performance by such Purchaser of the Transaction Documents to which it is a party. There is no
Proceeding pending or, to any Purchasers’ knowledge, threatened against or affecting the Purchasers, at law or in equity, or before or by any federal, state, provincial, municipal or other Governmental Authority which would adversely affect the
Purchasers’ performance under this Agreement or the consummation of the transactions contemplated hereby. 
 4.3
Brokerage. There are and will be no claims for brokerage commissions, finders’ fees or similar compensation in connection with the transactions contemplated by this Agreement based on any arrangement or agreement to which any Purchaser
is a party or to which any Purchaser is subject. 
 4.4 Investment Representation. US Purchaser is acquiring the Units
for its own account with the present intention of holding such securities for investment purposes and not with a view to, or for sale in connection with, any distribution of such securities in violation of any federal or state securities Laws.

 4.5 Solvency. Immediately after giving effect to the transactions contemplated by this Agreement, the Purchasers and
each of their Subsidiaries, if any, will be able to pay their respective debts as they become due and will own property which has a fair saleable value greater than the amounts required to pay their respective debts (including a reasonable estimate
of the amount of all contingent liabilities). Immediately after giving effect to the transactions contemplated by this Agreement, the Purchasers and each of their Subsidiaries, if any, will have adequate capital to carry on their respective
businesses. No transfer of property is being made and no obligation is being incurred in connection with the transactions contemplated by this Agreement with the intent to hinder, delay or defraud either present or future creditors of the Company.

  
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 ARTICLE V 
 Post-Closing Covenants 
 Each of the Parties agrees as follows with respect
to the period following the Closing: 
 5.1 General. 

(a) In case at any time from and after the Closing any further action is necessary to carry out the purposes of this Agreement and the
transactions contemplated hereby, each of the Parties will take such further action (including the execution and delivery of such further instruments and documents) as any other Party may reasonably request, all at the sole cost and expense of the
requesting party. Each Seller acknowledges and agrees that, from and after the Closing, the Company will be entitled to possession of all documents, books, records (including tax records), Contracts, and financial data of any sort relating to the
Company and/or the Business. Unless otherwise consented to in writing by the US Seller, no Purchaser nor any Affiliate thereof shall, for a period of seven years following the Closing Date, destroy, alter or otherwise dispose of any of the books and
records of the Company and/or the Business for any period prior to the Closing Date without first offering to surrender to US Seller such books and records or any portion thereof and the Sellers shall be afforded reasonable access to such books and
records for tax or financial reasons during such period. 
 (b) Without limiting the provisions of Section 5.1(a),
to the extent that any Party discovers or identifies any additional Assets, including any Contracts or any Intellectual Property Rights, which should have by the terms of the Transaction Documents been transferred or assigned to the Company in
connection with the transactions contemplated by this Agreement but were not so transferred or assigned: (i) the Parties shall cooperate and execute and deliver any instruments of transfer or assignment reasonably necessary to transfer and
assign such Assets to the Company, (ii) each Seller shall use its reasonable best efforts to provide the Company with the benefit in all material respects of each such Asset, including (A) subcontracting, sublicensing or subleasing to the
Company all rights and title to and interest in such Asset, (B) enforcing any rights with respect to such Asset (including the right to terminate any Contract which is an Asset in accordance with the terms thereof upon the request of the
Company), and (C) permitting the Company to enforce any rights as if such Asset had been assigned or transferred to the Company, and (iii) to the extent the Sellers shall have failed to obtain the consent of all parties or to deliver
notice to all parties prior to the Closing with respect to such Assets necessary to permit the assignment or transfer to the Company of such Assets, each Seller shall use commercially reasonable efforts (A) to obtain such consents or deliver
such notices and (B) when all such consents shall have been obtained or notices have been delivered, to assign and transfer such Asset to the Company. If any Seller receives any funds that are the property of the Purchasers or the Company, such
Seller shall remit any such funds promptly to the Purchasers or the Company, as applicable. If any Purchaser or the Company receives any funds that are the property of the Seller or its Affiliates, such Purchaser or the Company shall remit any such
funds promptly to the Seller or its Affiliate, as applicable. 
 (c) After the Closing, Canada Purchaser agrees to pay and be
responsible for all Liabilities under any Transferred Assets solely to the extent any such Liability relates to the 

  
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performance thereof or obligations thereunder, in each case, that arise out of or relates to events, obligations or circumstances from and after the Closing or are to be performed for the period
from and after the Closing Date. 
 (d) Within three (3) Business Days following the Closing Date, Sellers shall deliver
all instruments of transfer and other documents and information (including transfer codes) and take all other steps necessary to initiate the transfer of ownership of all domain name registrations identified on Schedule 5.1(d) to the Company,
and shall provide copies of all correspondence with the applicable domain name registrars relating to such transfer and, if applicable, acknowledgment of receipt of any transfer documentation by the registrar; provided, that Purchasers and
the Company shall cooperate with Sellers as may be reasonably requested by Sellers in order to effectuate the intent of this Section 5.1(d). 
 5.2 Confidentiality. Each Seller shall (and shall cause its Affiliates and its and their respective officers, directors, employees, representatives, agents and consultants (collectively,
“Representatives”) to) (a) treat and hold as confidential all of the Confidential Information and (b) deliver promptly to the Purchasers or destroy, at the request and option of the Purchasers, all tangible embodiments
(and all copies) of the Confidential Information which are in such Seller’s possession; provided, that Seller may keep one copy of any document if such retention is necessary for a bona fide tax, accounting or legal purpose until such
retention for such purpose is no longer necessary. In the event that such Seller (or any Representative of such Seller) is requested or required (by oral question or request for information or documents in any Proceeding, interrogatory, subpoena,
civil investigative demand, or similar process) to disclose any Confidential Information, such Seller shall notify the Purchasers promptly in writing of the request or requirement so that the Purchasers may seek an appropriate protective order or
waive compliance with the provisions of this Section 5.2. If, in the absence of a protective order or the receipt of a waiver hereunder, such Seller (or any Representative of such Seller) is compelled to disclose any Confidential
Information to any tribunal or else stand liable for contempt, such Seller (or Representative of such Seller) may disclose the Confidential Information to such tribunal; provided, however, that such Seller (or Representative of such
Seller) shall (i) use its commercially reasonable efforts to obtain, at the reasonable request of the Purchasers, a protective order or other assurance that confidential treatment will be accorded to such portion of the Confidential Information
required to be disclosed as the Purchasers shall designate and (ii) disclose only such portion of the Confidential Information as is strictly required. 
 5.3 Non-Solicitation. 
 (a) For a period of three years from and after the
Closing Date, no Seller shall, and shall cause its Subsidiaries not to, directly or indirectly: (i) induce or attempt to induce any employee of the Company or the Business to leave the employ of the Company or the Business, or in any way
interfere with the relationship between the Company or the Business and any employee thereof, other than by way of general solicitation not specifically targeted at any employee of the Company or the Business, (ii) hire any person set forth on
Schedule 5.3(a). For a period of three years from and after the Closing Date, no director or officers of any Seller shall intentionally make any disparaging statements or communications about the Company or any of its Affiliates to any other
Person. For a period of three years from and after the Closing Date, no director or officers of any Purchaser or the Company shall intentionally make any disparaging statements or communications about any Seller or any of their Affiliates to any
other Person. 

  
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 (b) The Parties agree that the Purchasers, the Company and each of their respective
Affiliates, successors and assigns would suffer irreparable harm from a breach of this Section 5.3 by the Sellers and that money damages would not be an adequate remedy for any such breach. Therefore, in the event a breach or threatened
breach of this Section 5.3, the Purchasers, the Company, and each of their respective Affiliates or their respective successors and assigns, in addition to other rights and remedies existing in their favor, shall be entitled to specific
performance and/or injunctive or other equitable relief from a court of competent jurisdiction in order to enforce, or prevent any violations of, the provisions hereof (without posting a bond or other security and at the expense of the Sellers,
including reasonable attorneys’ fees and expenses). 
 (c) If the final judgment of a court of competent jurisdiction
declares any term or provision of this Section 5.3 to be invalid or unenforceable, the Parties agree that the court making the determination of invalidity or unenforceability shall have the power to reduce the scope, duration, or area of
the term or provision, to delete specific words or phrases, or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or
unenforceable term or provision, and this Agreement shall be enforceable as so modified to cover the maximum, duration, scope or area permitted by Law. In addition, in the event of an alleged breach or violation by any Seller of this
Section 5.3, the two year period described in clauses (a) above shall be tolled with respect to such Seller until such breach or violation has been duly cured. Each Seller agrees that the restrictions contained in this
Section 5.3 are reasonable. 
 5.4 Public Announcements. Each Party will consult with each other and will
mutually agree (the agreement of each Party not to be unreasonably withheld) upon the content and timing of any press release or other public statements with respect to the transactions contemplated by this Agreement and shall not issue any such
press release or make any such public statement prior to such consultation and agreement, except as may be required by applicable Law or by obligations pursuant to any listing agreement with any securities exchange or any stock exchange regulations;
provided, that the disclosing party will give prior notice to the other Party of the content and timing of any such press release or other public statement required by applicable Law or by obligations pursuant to any listing agreement with
any securities exchange or any stock exchange regulations; provided, further, that nothing in this Section 5.4 shall prohibit the Purchasers, Sellers or any Affiliate thereof from disclosing any information relating to the
transactions contemplated by this Agreement to any investor or limited partner of such Person to the extent such disclosure is made in the ordinary course of such Person’s business. 

5.5 Names. From and after Closing, the Sellers shall promptly cease all use of the Names, including any and all d/b/a’s
currently or formerly used by the Company or the Sellers that are related to the Business. Within 30 days after the Closing, the Sellers shall make all filings, and deliver to the Purchasers executed copies of all documents, as may be required or
reasonably requested by the Purchasers to cease the use by Sellers of any of the Names, including, where applicable, name change amendments and appropriate name change notices for each state where the Sellers are qualified to do business. The
Sellers hereby appoint the Purchasers as their attorney-in-fact to file all such documents on or after the Closing Date. 

  
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 5.6 Tax Returns. The Sellers shall cause to be prepared (at the Sellers’
expense) and filed all Tax Returns of the Company for a Tax period that ends on or before the Closing Date. Such Tax Returns shall be prepared consistent with past custom and practice of the Company. The Purchasers shall cause to be prepared (at the
Purchasers’ expense) and filed all Tax Returns of the Company for a Tax period that ends after the Closing Date. 
 5.7
Purchase Price Allocation. The Parties agree that the Purchase Price shall be allocated among assets of the Company and the Transferred Assets in accordance with Sections 338 and 1060 of the Code (and any comparable provisions of state or
local Law and, in the case of the Transferred Assets, in accordance with any applicable Canadian law) or any successor provision and the principles set forth in Schedule 5.7. The Purchasers shall deliver to Sellers within 90 days after the
Closing Date an allocation of the Adjusted Purchase Price (and the associated liabilities and other relevant items) in accordance with the previous sentence (the “Asset Allocation Schedule”). To the extent that the Sellers object to
any of the items on the Asset Allocation Schedule, the Sellers and the Purchasers shall resolve such disputed items in good faith. Within 30 days of receipt of the Asset Allocation Schedule, the Sellers shall give written notice to the Purchasers of
any comments. The Purchasers, shall revise the Asset Allocation Schedule to reflect Sellers’ reasonable comments, and shall not finalize the Asset Allocation Schedule without the Sellers’ prior consent, not to be unreasonably withheld,
conditioned or delayed. Each of the Sellers and the Purchasers shall file all Tax Returns (including Internal Revenue Service Form 8883) and information reports in a manner consistent with the Asset Allocation Schedule, and shall take no position
inconsistent with the Asset Allocation Schedule. The Parties shall cooperate with each other in timely preparing an amended Internal Revenue Form 8883 or any other applicable Tax Returns or information reports reflecting all adjustments to the
Adjusted Purchase Price pursuant to this Agreement in a manner consistent with the Asset Allocation Schedule. The Parties confirm that no portion of the Purchase Price allocated to the Transferred Assets is being paid or allocated to a
“restrictive covenant,” as that term is defined for the purposes of Section 56.4 of the Income Tax Act (Canada), as proposed by the Department of Finance Canada on October 24, 2012 (the “Legislative Proposals”)
(or such similar provisions as may be finally enacted). If any portion of the Purchase Price allocated to the Transferred Assets is deemed by a Governmental Authority to be in respect of a “restrictive covenant,” then each Party agrees to
execute and file any joint elections under Section 56.4 of the Income Tax Act (Canada) as per the Legislative Proposals (or such similar provisions as may be finally enacted) as may be requested by any other Party in respect of any
“restrictive covenants” given under this Agreement or in connection with the transactions contemplated by this Agreement. The Parties shall make any similar provincial election, as applicable. 

5.8 Insurance Policies. If, following the Closing, the Purchasers or any of their Affiliates suffer any Loss arising out of any
pre-Closing event or occurrence which may be, or may have been covered, in whole or in part, under any liability insurance policy maintained by the Sellers or any of their Affiliates (including any directors and officers insurance policies) that
provide coverage with respect to any Assets or operations of the Business (the “Policies”), and the Purchasers request, pursuant to written notices, that the applicable Seller or its applicable

  
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Affiliate submit a claim under such Policy, the applicable Seller shall, or shall cause its applicable Affiliate to, at the Purchasers’ sole cost and expense, submit such claim as so
instructed, use commercially reasonable efforts to collect claim amounts requested thereunder and cause any such claim proceeds collected to be paid to the Purchasers to the extent such policy remains in full force and effect; provided, that
the Purchasers’ first recourse shall be against the representation and warranty insurance policy maintained by the Purchasers on the date hereof if such Loss arises out of a breach of any representation or warranty contained in this Agreement.
The Sellers shall, and shall cause their Affiliates, to maintain, for a reasonable period of time after the date hereof (but not to exceed six years), the directors and officers insurance policies, as of the date hereof, that cover Robert Orlando
for acts prior to the Closing Date in his capacity as a director or officer of the Company (or similar policies with terms and conditions not materially less favorable to Robert Orlando in the aggregate); provided, that if any Seller
undergoes a restructuring for a bonafide business purpose, any Affiliate or successor in interest to such Seller may maintain such Seller’s directors and officers insurance policies (or similar policies with terms and conditions not materially
less favorable in the aggregate) on such Seller’s behalf. 
 5.9 Financial Statements. The Sellers agree to use
commercially reasonable efforts to assist the Purchasers with preparing all customary financial statements and with any reasonable audits regarding the Business relating to periods prior to the Closing Date, in each case, for a period of up to three
years from the Closing Date; provided, that the Purchasers shall reimburse the Sellers for all out-of-pocket costs incurred by the Sellers or any of their Affiliates in connection with compliance with this Section 5.9; provided
further, that Sellers shall not be obligated to provide such assistance contemplated in this Section 5.9 to the extent that it would unreasonably interfere with the ordinary course operations of any Seller. 

5.10 Employee Benefits. 
 (a) Except as set forth in Section 5.10(b) and (c), the Sellers or their ERISA Affiliates (not including the Company and its Subsidiaries) shall, effective from and after the Closing Date, retain the
sponsorship of, and all Liabilities and obligations under or relating to, any Employee Benefit Plan (other than any Company-Sponsored Benefit Plan) and each other compensation or benefit plan, program, policy, agreement or arrangement (including as
may arise under workers’ compensation Laws) at any time established, maintained, sponsored, administered or contributed to by the Sellers, or any of their ERISA Affiliates (other than a Company-Sponsored Benefit Plan or any benefit plan
established by the Company for the benefit of its employees post-Closing), regardless of when any such Liability or obligation arises, is incurred or is reported or disclosed, including claims or other Liabilities or obligations related to current
or former employees of the Company or its Subsidiaries under any health or welfare plan that is not a Company-Sponsored Benefit Plan. After the Closing, the current or former employees of the Company (or their dependents or beneficiaries, as
applicable), may continue to submit claims under such Employee Benefit Plans, incurred as of or prior to or as of the Closing Date, in accordance with the terms of such Employee Benefit Plans. 

(b) Effective as of the Closing Date or, with respect to the Employee Benefit Plans set forth on Schedule 5.10(b) (the
“Continuing Benefit Plans”) until December 31, 2012, all employees of the Company as of the Closing Date (the “Transferred Employees”) shall cease 

  
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to actively participate in any of Employee Benefit Plans other than the Company-Sponsored Benefit Plans (collectively, the “Seller Benefit Plans”). The benefits of such
Transferred Employees under the Seller Benefit Plans accrued prior to Closing shall be paid to the Transferred Employees in accordance with the terms of such plans. Notwithstanding anything in Section 5.10(a) to the contrary, the
Purchasers shall be responsible for and shall reimburse the Sellers for a pro-rata portion of the premiums paid by the Sellers or the cost of coverage allocated by Seller for such coverage (not including any portion of such premiums that have been
paid by Transferred Employees), at the rate in effect prior to the Closing as determined consistent with past practice, for coverage of the Transferred Employees under the Continuing Benefit Plans for the period in the month of December 2012 that
occurs after the Closing; provided that such amounts are not already reflected in Net Working Capital. 
 (c) The Purchasers
shall, or shall cause the Company or an Affiliate to, provide to each Transferred Employee, during his or her employment with the Company or its Affiliate full credit for such Transferred Employee’s service with the Sellers, the Company, or any
of their respective Affiliates prior to the Closing for purposes of determining eligibility to participate, vesting, and with respect to determining vacation or severance benefits only, determination of the level of benefits under any benefit plan
(other than any equity based arrangement or plan) in which such Transferred Employee participates on or after the Closing Date to the same extent recognized immediately prior to the Closing under any analogous Employee Benefit Plan, provided,
however, that such service shall not be recognized to the extent that such recognition would result in a duplication of benefits. During the one year period following the Closing Date, the Purchasers shall, or shall cause the Company or any
of their respective Affiliates to use commercially reasonable efforts to: (i) waive any limitation on health coverage of such Transferred Employees due to pre-existing conditions, waiting periods, active employment requirements, and
requirements to show evidence of good health under any applicable health plan of the Purchasers, the Company, or any their respective Affiliates to the extent such conditions, periods or requirements were waived for such Transferred Employee
immediately prior to the Closing under an analogous Employee Benefit Plan and (ii) credit each such Transferred Employee with all deductible payments, co-payments and co-insurance paid by such employee under any Employee Benefit Plan of the
Sellers, the Company, or any of their respective Affiliates prior to the Closing Date during the year in which the Closing occurs for the purpose of determining the extent to which any such employee has satisfied any applicable deductible and
whether such employee has reached the out-of-pocket maximum under the analogous benefit plan of the Purchasers, the Company or any of their respective Affiliates for such year. The Purchasers shall recognize and credit, and cause the Company and its
Affiliates to recognize and credit, the vacation days and paid time off accrued by such Transferred Employees prior to the Closing to the extent such vacation and paid time off is reflected in the Net Working Capital. 

(d) Without limiting the generality of the foregoing, the Sellers shall assume or retain responsibility for COBRA continuation coverage
to any M&A qualified beneficiaries (within the meaning of Treas. Reg. Section 54.4980B-9, Q/A-4) who experience a qualifying event on or prior to the Closing Date under any Employee Benefit Plan other than a Company-Sponsored Benefit Plan.

  
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 (e) The Sellers and the Purchasers hereby agree that notwithstanding that each employee of
the Company shall remain an employee of the Company as of the Closing Date, any employee of the Company or its Subsidiaries who, prior to the Closing Date, incurred a disabling event as defined in any applicable Employee Benefit Plans that provide
short- and long-term disability benefits and, as of the Closing Date, is receiving or entitled to receive short- or long-term disability benefits under such a plan that is sponsored by the Sellers or their ERISA Affiliates that is not a
Company-Sponsored Benefit Plan shall continue to receive or be entitled to receive such disability benefits under such plan until the end of the benefit period described in such plan as determined by Sellers in their sole discretion. The Sellers,
the Company and the Purchasers shall reasonably cooperate and take all actions necessary to enable such plan to provide such disability benefits to such employees. 
 (f) To the extent allowed under and in accordance with the terms of the Seller’s Savings Plan (which, for avoidance of doubt, Seller shall use commercially reasonable efforts, which efforts shall not
include amending the Seller’s Savings Plan, to cause to be allowed), each applicable employee shall be given the opportunity to receive a distribution of his or her account balance (in cash, but also including any promissory notes for
associated participant loans) from any Employee Benefit Plan that is a defined contribution plan intended to be qualified under Section 401(a) of the Code (“Sellers’ Savings Plan”) and elect to roll over such account into
any defined contribution plan intended to qualify under Section 401(a) of the Code established by the Purchasers or the Company on or after the Closing Date (“Purchasers’ Savings Plan”). Effective as soon as
administratively practicable following the Closing Date, Purchasers shall or shall cause the Company or one of its Affiliates to, adopt for the benefit of the Transferred Employees a Purchasers Savings Plan and following the adoption of such plan,
Purchasers shall take all steps necessary to ensure that the Purchasers’ Savings Plan will accept “eligible rollover distributions” (as such term is defined under Section 402(c)(4) of the Code), including any participant loans,
from Sellers’ Savings Plan into such Purchasers’ Savings Plan with respect to the Transferred Employees. 
 (g)
Notwithstanding any other provision of this Agreement to the contrary, each of the Parties hereby acknowledges and agrees that all provisions contained in this Section 5.10 are included for the sole benefit of the Parties and that
nothing in this Agreement, whether express or implied, (i) shall be treated as an amendment or other modification or adoption of any Employee Benefit Plan or other employee benefit plan, agreement or other arrangement, (ii) shall limit the
right of the Parties and their respective Affiliates to amend, terminate or otherwise modify any Employee Benefit Plan or other employee benefit plan, agreement or other arrangement following the Closing Date, or (iii) shall create any third
party beneficiary or other right (x) in any other Person, including any current or former director, officer, employee or independent contractor of any of the Company or any participant in any Employee Benefit Plan or other employee benefit
plan, agreement or other arrangement (or any dependent or beneficiary thereof) or (y) to continued employment with the Company. 
 (h) At or prior to the Closing Date, Canada Purchaser has offered to employ Natalie Desormeau (the “Canadian Employee”) on terms and conditions that are comparable, in the aggregate, to
the terms and conditions of the Canadian Employee’s employment applicable at the time of such offer of employment. Canada Purchaser shall provide to the Canadian Employee full credit for such Canadian Employee’s service with Canada Seller
for all purposes, including for the purposes of determining eligibility to participate, vesting, determining vacation, notice and severance benefits, and the level of benefits, under any benefit plan. 

  
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 ARTICLE VI 
 Definitions 
 For the purposes of this Agreement, the following terms have
the meanings set forth below: 
 “Accounting Firm” has the meaning set forth in Section 1.1(b)(ii).

 “Actual Adjustment” means (x) the Purchase Price as finally determined pursuant to
Section 1.1(b), minus (y) the Estimated Purchase Price. 
 “Adjusted Purchase Price”
has the meaning set forth in Section 1.4. 
 “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. 
 “Agreement” has the meaning set forth in the preamble
to this Agreement. 
 “Asset Allocation Schedule” has the meaning set forth in Section 5.7.

 “Assets” means, with respect to the Business, all businesses, properties, assets, machinery, equipment,
furniture, fixtures, Permits, goodwill and rights of the Sellers as a going concern, of every nature, kind and description, tangible and intangible (including Intellectual Property Rights), owned, licensed or leased, wheresoever located (whether in
the United States, Canada or otherwise) and whether or not carried or reflected on the books or records of such Person, primarily used, or held for use, in connection with the operation of the Business. 

“Assumed Liabilities” has the meaning set forth in Section 1.2. 

“Business” means the Sellers’ and their Subsidiaries’ business of designing, sourcing, marketing and
distributing Royal Robbins-branded apparel and related goods. 
 “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. 
 “Canada
Purchaser” has the meaning set forth in the preamble to this Agreement. 
 “Canada Seller” has the
meaning set forth in the preamble to this Agreement. 
 “Canadian Employee” has the meaning set forth in
Section 5.10(h). 
 “Cash and Cash Equivalents” means an amount, which may be a negative number,
equal to the sum of the fair market value (expressed in United States dollars) of all cash and cash equivalents of the Company, calculated in accordance with GAAP and taking into account any outstanding or received, in each case not yet cashed,
checks. 

  
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 “Change of Control” means: (i) the sale, lease, transfer, conveyance
or other disposition, in one or a series of related transactions, of all or substantially all the consolidated assets, of the Company and its Subsidiaries taken as a whole to any “person” (as such term is used in Section 13(d)(3) of
the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), (ii) the consummation of any transaction (including any merger or consolidation) the result of which is that any “person” (as defined
above), other than Bruckmann, Rosser, Sherrill & Co. Management L.P. and/or its Affiliates, becomes the beneficial owner (as determined in accordance with Rules 13d-3 and 13d-5 under the Exchange Act except that a Person will be deemed to
have beneficial ownership of all shares that such Person has the right to acquire, whether such right is exercisable immediately or only after the passage of time), directly or indirectly, of more than 50% of the voting securities of the Company, or
(iii) the Company ceases to be controlled (meaning, for the purposes hereof, 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), directly or indirectly, by Bruckmann, Rosser, Sherrill & Co. Management L.P. and/or its Affiliates. 

“Closing” has the meaning set forth in Section 1.3. 

“Closing Cash and Cash Equivalents” means the Cash and Cash Equivalents as of immediately prior to the Closing.

 “Closing Date” has the meaning set forth in Section 1.3. 

“Closing Date Indebtedness” means any Indebtedness of the Company as of immediately prior to the Closing. 

“Closing Payment Amount” means an amount equal to (i) the Estimated Purchase Price minus (ii) the Escrow
Amount. 
 “Code” means the United States Internal Revenue Code of 1986, as amended. 

“Company” has the meaning set forth in the recitals to this Agreement. 

“Company Intellectual Property Rights” has the meaning set forth in Section 3.14(b). 

“Company-Sponsored Benefit Plan” has the meaning set forth in Section 3.19(a). 

“Company Systems” has the meaning set forth in Section 3.14(e). 

“Company’s Knowledge” means the knowledge of Bob Orlando, Jud Taylor, Monica Smith, Loren White, Brandi Wilson and
Casey Hofmann after due inquiry and reasonable investigation. 
 “Conclusive EBITDA Statement” has the meaning
set forth in Section 1.4(b). 

  
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 “Confidential Information” means any information concerning the businesses
and affairs of the Business that is not already generally available to or otherwise known by the public (other than any such information that is generally available to or otherwise known by the public as a result of a breach by the Company, the
Sellers or any Representative thereof of any duty of confidentiality hereunder or otherwise). Notwithstanding the foregoing, “Confidential Information” does not include (a) information that any Seller can demonstrate was or has
become generally available to the public other than as a result of disclosure by any Seller or its Affiliates, (b) information that is independently developed by any Seller or its Affiliates (other than the Company prior to the Closing) without
the use of any Purchaser’s or its Affiliates’ or the Company’s Confidential Information, (c) information that was or becomes available to any Seller on a non-confidential basis from a source other than any Purchaser or the
Company (following the Closing), provided that to such Seller’s knowledge, such source is not prohibited from disclosing such information by a contractual, legal or fiduciary obligation to any Purchaser or the Company (following the Closing) or
(d) information used by any Seller or its Affiliates in any other business conducted by such Person. 

“Consents” has the meaning set forth in Section 2.1(b). 

“Continuing Benefit Plans” has the meaning set forth in Section 5.10(b). 

“Contract” means any loan or credit agreement, note, bond, mortgage, indenture, lease, sublease, purchase order or other
binding agreement, arrangement or instrument. 
 “Disputed Items” has the meaning set forth in
Section 1.1(b)(ii). 
 “Earnout Amount” means an amount equal to lesser of (a) the product of
(i) the result of (A) the Pro Forma Adjusted EBITDA, minus, (B) $3,869,000, and (ii) 5.5, and (b) $3,500,000. 
 “Earnout Cash” has the meaning set forth in Section 1.4(c). 
 “EBITDA Statement” has the meaning set forth in Section 1.4(a). 
 “EBITDA Statement Dispute Notice” has the meaning set forth in Section 1.4(b). 
 “EBITDA Disputed Items” has the meaning set forth in Section 1.4(b). 
 “Employee Benefit Plan” has the meaning set forth in Section 3.19(a). 
 “Encumbrances” means any Liens, voting trusts, proxies, preemptive or similar rights, or restrictions of any kind. 

“Enterprise Value” means $23,500,000. 
 “Environmental and Safety Requirements” means all federal, state, local and foreign Laws and all contractual obligations, whenever enacted or in effect, in each case concerning public
health or safety, worker health or safety, or pollution or protection of the environment. 

  
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 “Equity Interest” means any unit, share, capital stock, partnership,
membership, joint venture or similar interest in any Person, and any option, warrant, right or security (including debt securities) convertible, exchangeable or exercisable therefor. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

“ERISA Affiliate” means any Person that at any relevant time is or was considered a “single employer” with the
Sellers or the Company under Code §414(b), (c), (m) or (o) or ERISA §4001. 
 “Escrow
Agent” has the meaning set forth in Section 1.3(d). 
 “Escrow Amount” has the meaning set
forth in Section 1.3(d). 
 “Escrow Agreement” has the meaning set forth in
Section 1.3(d). 
 “Escrow Fund” means the Escrow Amount deposited into escrow pursuant to
Section 1.3(d), plus any interest accrued thereon. 
 “Estimated Purchase Price” has the
meaning set forth in Section 1.1(a). 
 “Example Statement of Net Working Capital” means the
statement of the aggregate value of certain of the current assets of the Company less the aggregate value of certain of the current liabilities of the Company, in each case, determined on a consolidated basis without duplication as of the
close of business on October 31, 2012 and attached as Exhibit C hereto. 
 “Financial Statements”
has the meaning set forth in Section 3.6. 
 “GAAP” means United States generally accepted
accounting principles, in effect from time to time, applied on a consistent basis. 
 “Governing Documents”
means the legal document(s) by which any Person (other than an individual) establishes its legal existence or which govern its internal affairs, together with all amendments thereto. For example, the “Governing Documents” of a corporation
are its certificate of incorporation and by-laws or other similar incorporation documents, the “Governing Documents” of a limited partnership are its certificate of limited partnership and limited partnership agreement and the
“Governing Documents” of a limited liability company are its certificate of formation and its operating agreement. 

“Governmental Authority” means any foreign, federal, national, provincial, state, or municipal government or other
political subdivision thereof, or any entity exercising executive, legislative, judicial, regulatory or administrative functions of government, including any court, agency, department, division, commission, or tribunal, in each case having
jurisdiction over the Company. 
 “GST” has the meaning set forth in Section 7.3. 

  
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 “HST” has the meaning set forth in Section 7.3. 

“Improvements” has the meaning set forth in Section 3.24(f). 

“Indebtedness” means at a particular time, with respect to any Person, without duplication, (i) any obligations
under any indebtedness for borrowed money (including all principal, interest premiums, penalties, fees, expenses, indemnities and brokerage costs), (ii) any indebtedness evidenced by any note, bond, debenture or other debt security or similar
instrument, (iii) any obligations to pay the deferred purchase price of property or services, except trade accounts payable and other current liabilities arising in the Ordinary Course of Business, (iv) any indebtedness created or arising
under any conditional sale or other title retention agreement with respect to acquired property, (v) any obligations, contingent or otherwise, under acceptance credit, letters of credit or similar facilities, including any collateral
obligations with respect thereto to the extent drawn, (vi) any indebtedness pursuant to a guarantee or similar arrangement, (vii) any obligations under capitalized leases or with respect to which a Person is liable, contingently or
otherwise, as obligor, guarantor or otherwise or (viii) any obligations with respect to the termination of any interest rate hedging or swap agreements or similar arrangements (valued at the termination value thereof); provided that, for
the avoidance of doubt, “Indebtedness” shall not include any liability or obligation for Taxes. 
 “Insurance
Policies” has the meaning set forth in Section 3.17. 
 “Intellectual Property Rights”
means any and all intellectual property rights in any jurisdiction, including all (i) patents, patent applications and patent disclosures together with all reissues, continuations, continuations-in-part, divisionals, revisions, extensions or
reexaminations thereof, (ii) trademarks, service marks, trade dress, trade names, brands, slogans, logos, Internet domain names, and corporate names, all translations, adaptations, derivations, and combinations of the foregoing, and all
applications, registrations, and renewals in connection therewith, together with all of the goodwill associated with the foregoing (collectively, “Marks”), (iii) copyrights and other works of authorship (whether or not
copyrightable), including website content, and moral rights, and all applications, registrations, and renewals in connection therewith, (iv) software (including source code and object code, data, databases and documentation thereof),
(v) trade secrets and other confidential or proprietary information (including ideas, formulas, compositions, inventions (whether patentable or unpatentable and whether or not reduced to practice), know-how, processes, methods and techniques,
research and development information, pricing and cost information, industry analyses, drawings, specifications, designs, plans, proposals, industrial models, technical data, financial and accounting data, business and marketing plans and customer
and supplier lists, any login information or passwords necessary to access any marketing, advertising or promotional material posted on Facebook, LinkedIn, Twitter or other third party websites, and related information), (vi) rights of
publicity and rights of privacy (including rights to use the name, voice, likeness, signature and biographical information of real persons) (“Rights of Publicity”), and (vii) other intellectual property and proprietary rights.

 “Investment” as applied to any Person means (i) any direct or indirect purchase or other acquisition by
such Person of any notes, obligations, instruments, Equity Interests, securities or other ownership interest of any other Person and (ii) any capital contribution by such Person to any other Person. 

  
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 “Laws” means all statutes, laws, common law, codes, ordinances,
regulations, rules, orders, determinations, judgments, writs, injunctions, acts or decrees of any Governmental Authority. 

“Leased Real Property” has the meaning set forth in Section 3.24(b). 

“Leasehold Improvements” means all buildings, structures, improvements and fixtures constituting Leased Real Property
which are owned by the Company, regardless of whether title to such buildings, structures, improvements or fixtures are subject to reversion to the landlord or other third party upon the expiration or termination of the Real Property Lease for such
Leased Real Property. 
 “Liability” means any obligation or liability whether known or unknown, asserted or
unasserted, absolute or contingent, accrued or unaccrued, liquidated or unliquidated and whether due or to become due, regardless of when asserted. 
 “Lien” means any mortgage, pledge, security interest or lien (whether statutory or otherwise). For the avoidance of doubt, “Lien” shall not be deemed to include any license of
Intellectual Property Rights. 
 “Loss” means any loss, Liability, cost, damage or expense, Tax, penalty, or
fine, in each case whether or not arising out of Third Party claims, including interest, penalties, reasonable attorneys’, consultants’ and experts’ fees and expenses (including such reasonable attorneys’, consultants’ and
experts’ fees and expenses incurred in connection with the enforcement of a Party’s rights under this Agreement) and all amounts paid in investigation, defense or settlement of any of the foregoing. 

“Marks” has the meaning set forth in the definition of “Intellectual Property Rights”. 

“Material Adverse Effect” means any event, change, condition or effect that, individually or in the aggregate when taken
together with any other change, event, condition or effect, has or is reasonably likely to have a material adverse effect upon the condition (financial or otherwise), Assets, Liabilities, results of operations or business of the Business taken as a
whole or on the ability of the Sellers to consummate timely the transactions contemplated hereby other than changes, events, conditions or circumstances resulting from or relating to: (i) applicable economic or market conditions, including as
related to the industry in which the Business operates, (ii) the announcement of the transactions contemplated by this Agreement, (iii) (A) the execution of, compliance with the terms of this Agreement or (B) the consummation of
the transactions contemplated by this Agreement, (iv) any future change in accounting requirements or principles or any future change in applicable Laws or the interpretation thereof, (v) changes in national or international political or
social conditions, including the engagement by the United States or Canada in hostilities, whether or not pursuant to the declaration of national emergency or war, or the occurrence of any military or terrorist attack, or (vi) general financial
or capital market conditions, including interest rates or market prices, or changes 

  
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therein; provided, however, that with respect to the foregoing clauses (i), (iv), (v) and (vi), such matter shall only be excluded so long as, and to the extent that, such
matter does not have a materially disproportionate effect on the Business, taken as a whole, relative to other comparable businesses operating in the industry in which the Business operates. 

“Material Contracts” has the meaning set forth in Section 3.13(b). 

“Material Customers” has the meaning set forth in Section 3.23(a). 

“Material Suppliers” has the meaning set forth in Section 3.23(b). 

“Most Recent Balance Sheet” has the meaning set forth in Section 3.6. 

“Names” means “Royal Robbins” or any Mark that includes “Royal Robbins” and any variation or
derivation thereof and any other Marks related to the Business. 
 “Net Working Capital” means the aggregate
value of the current assets of the Company and certain current assets of Canada Seller determined in the manner as set forth on the Example Statement of Net Working Capital not including Cash and Cash Equivalents less the aggregate value of
the current liabilities of the Company and certain current liabilities of Canada Seller determined in the manner as set forth on the Example Statement of Net Working Capital, in each case, determined on a combined basis without duplication as of
immediately prior to the Closing calculated in accordance with GAAP and, to the extent consistent therewith, using the same practices, procedures and policies applied in preparing the Example Statement of Net Working Capital (including by
(i) including only current assets and current liabilities (excluding Cash and Cash Equivalents) to the extent that such assets and liabilities are of the type and kind included in the Example Statement of Net Working Capital and
(ii) establishing levels of reserves using the same practices, procedures and policies as such reserves were established in preparing the Example Statement of Net Working Capital). Notwithstanding anything to the contrary contained herein, in
no event shall “Net Working Capital” include any amounts with respect to Seller Expenses or Indebtedness, or any income Tax Assets or income Tax Liabilities (but shall, for purposes of clarity, include as a Liability, the excess, if any,
of the aggregate current non-income Tax Liabilities over the aggregate current non-income Tax Assets of the Company on a combined basis attributable to (x) any taxable period that ends on or prior to the Closing Date or (y) the portion of
any taxable period which includes (but does not end on) the Closing Date up to and including the Closing Date (excluding, for the avoidance of doubt, any deferred Tax Liabilities or deferred Tax Assets for purposes hereof)). 

“Net Working Capital Adjustment” means (i) the amount by which Net Working Capital exceeds $8,153,234 or
(ii) the amount by which Net Working Capital is less than $8,153,234, in each case, if applicable; provided that any amount which is calculated pursuant to clause (ii) above shall be deemed to be a negative number.

 “OFAC” has the meaning set forth in Section 3.26(e). 

“Order” means any judgment, award, decision, writ, decree, injunction, order, compliance agreement or settlement
agreement of or with any Governmental Authority or arbitrator. 

  
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 “Ordinary Course of Business” means the Company’s, or Canadian
Seller’s, as applicable, ordinary course of business consistent with past custom and practice (including with respect to quantity and frequency). 
 “Owned Real Property” means all land, together with all buildings, structures, improvements and fixtures located thereon, and all easements and other rights and interests appurtenant
thereto, owned by the Company. 
 “Party” has the meaning set forth in the preamble to this Agreement.

 “Permit” means all permits, licenses, authorizations, registrations, franchises, approvals, consents,
certificates, variances and similar rights obtained, or required to be obtained, from any Governmental Authority. 

“Permitted Liens” means (i) Liens for Taxes or assessments and similar charges, which are not due and payable or
are being contested in good faith and by appropriate proceedings, so long as adequate reserves (as determined in accordance with GAAP) have been established on the Company’s books with respect thereto; (ii) Liens securing liabilities which
are reflected or reserved against in the Latest Balance Sheet to the extent so reflected or reserved, (iii) mechanic’s, materialmen’s, and similar Liens incurred in the ordinary course of business for amounts which are not yet due and
payable; (iv) purchase money Liens and Liens securing rental payments under capital lease arrangements; (v) Liens set forth on the attached Permitted Liens Schedule; (vi) Liens that will cease to exist upon the Closing; and
(vii) zoning, building codes and other land use Laws regulating the use or occupancy of real property or the activities conducted thereon which are imposed by any Governmental Authority which are not violated by the current use or occupancy of
such real property or the operation of the business. 
 “Person” means an individual, a sole proprietorship, a
partnership, a corporation, a limited liability company, an association, a joint stock company, a trust, a joint venture, an unincorporated organization and a Governmental Authority or any department, agency or political subdivision thereof.

 “Policies” has the meaning set forth in Section 5.8. 

“Proceeding” means any action, application, suit, proceeding, complaint, charge, grievance, arbitration, mediation,
hearing, audit, inquiry or investigation before or by a Governmental Authority or arbitrator. 
 “Pro Forma Adjusted
EBITDA” means, with respect to the Company and the Transferred Assets, on a consolidated basis, the Pro Forma Adjusted EBITDA calculated using the same practices, procedures and policies used in calculating the Pro Forma Adjusted EBITDA for
the twelve month period ended as of the end of September 2012 as set forth on Exhibit D attached hereto (and including only the line items set forth thereon). 
 “Proposed Closing Date Calculations” has the meaning set forth in Section 1.1(b)(i). 

  
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 “Purchase Price” means (i) the Enterprise Value, plus
(ii) the amount of Closing Cash and Cash Equivalents, plus (iii) the Net Working Capital Adjustment (which may be a negative number), minus (iii) the amount of Closing Date Indebtedness, minus (iv) the amount
of Unpaid Seller Expenses. 
 “Purchase Price Dispute Notice” has the meaning set forth in
Section 1.1(b)(ii). 
 “Purchaser” has the meaning set forth in the preamble to this Agreement.

 “Purchasers’ Savings Plan” has the meaning set forth in Section 5.10(f). 

“Real Property” has the meaning set forth in Section 3.24(c). 

“Real Property Leases” means all leases, subleases, licenses, concessions and other agreements (written or oral)
pursuant to which the Company holds any Leased Real Property, including the right to all security deposits and other amounts and instruments deposited by or on behalf of the Company thereunder. 

“Representatives” has the meaning set forth in Section 5.2. 

“Seller” has the meaning set forth in the preamble to this Agreement. 

“Seller Benefit Plans” has the meaning set forth in Section 5.10(b). 

“Seller Expenses” has the meaning set forth in Section 7.3. 

“Seller Note” has the meaning set forth in Section 1.4(c). 

“Sellers’ Savings Plan” has the meaning set forth in Section 5.10(f). 

“Senior Loan Agreement” means that certain Loan Agreement, dated as of the date hereof, by and among Buyer, the Company,
the Agent (as defined therein) and the lenders and other Persons from time to time party thereto. 
 “Side
Letter” has the meaning set forth in the recitals to this Agreement. 
 “Subsidiary” means, with
respect to any Person, any corporation, limited liability company, partnership, association or other business entity of which (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the
occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of such Person or a combination
thereof, or (ii) if a limited liability company, partnership, association or other business entity, a majority of the partnership or other similar ownership interest thereof is at the time owned or controlled, directly or indirectly, by such
Person or one or more Subsidiaries of such Person or a combination thereof. 
 “Sun” has the meaning set forth
in the recitals to this Agreement. 

  
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 “Tax” means all (i) federal, provincial, state or local taxes,
assessments, charges, duties, levies or other similar governmental charges of any nature, including all income, franchise, profits, capital gains, capital stock, transfer, sales, goods and services, harmonized sales, use, occupation, property,
excise, severance, windfall profits, stamp, stamp duty reserve, license, payroll, withholding, ad valorem, value added, alternative minimum, escheat, environmental, customs, social security (or similar), unemployment, sick pay, disability,
registration and other taxes, assessments, charges, duties, fees, levies or other similar governmental charges of any kind whatsoever, whether disputed or not, together with all estimated taxes, deficiency assessments, additions to tax, penalties
and interest; (ii) any Liability for the payment of any amount of a type described in clause (i) arising as a result of being or having been a member of any consolidated, combined, unitary or other group or being or having been included or
required to be included in any Tax Return related thereto; and (iii) any Liability for the payment of any amount of a type described in clause (i) or clause (ii) as a result of any obligation to indemnify or otherwise assume or
succeed to the Liability of any other Person. 
 “Tax Return” means any return, information report or filing
with respect to Taxes, including any schedule or attachment thereto and including any amendment thereof. 
 “Third
Party” means any Person other than one that is a party to this Agreement. 
 “Transaction Documents”
means, collectively, this Agreement and all other agreements and instruments contemplated hereby (including the Escrow Agreement). 
 “Transfer Taxes” has the meaning set forth in Section 7.3. 
 “Transferred Assets” has the meaning set forth in the recitals to this Agreement. 
 “Transferred Employees” has the meaning set forth in Section 5.10(b). 
 “Transition Services Agreement” has the meaning set forth in the recitals to this Agreement. 
 “Treasury Regulation” means the United States Treasury Regulations promulgated under the Code, and any reference to any particular Treasury Regulation section shall be interpreted to
include any final or temporary revision of or successor to that section regardless of how numbered or classified. 

“Units” has the meaning set forth in the recitals to this Agreement. 

“Unpaid Seller Expenses” means those Seller Expenses of the Company which have not been paid as of immediately prior to
the Closing. 
 “US Purchaser” has the meaning set forth in the preamble to this Agreement. 

“US Seller” has the meaning set forth in the preamble to this Agreement. 

  
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 ARTICLE VII 
 General Provisions 
 7.1 Non-Survival of Representations and
Warranties. The representations and warranties contained in this Agreement shall terminate at the Closing, it being acknowledged and agreed that this Section 7.1 shall not (a) limit any covenant or agreement of the Parties which
by its terms contemplates performance after the Closing, including those contained in Article V, or (b) limit any Party’s right to bring claims or seek recovery for intentional and knowing fraud in connection with any such
representation or warranty set forth in this Agreement. The Purchasers acknowledge and agree that the sole and exclusive remedy of the Purchasers and their Affiliates for any Losses arising out of or relating to breaches of the representations and
warranties made by the Sellers contained in this Agreement (other than with respect to intentional and knowing fraud in connection with any such representation or warranty), 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 against the representation and warranty insurance policy, if any, maintained by the Purchasers on the date hereof providing
coverage with respect thereto, a copy of which shall be provided to Sellers on the date hereof. 
 7.2 Waiver. Effective
as of the Closing, each Seller hereby unconditionally and irrevocably acquits, remises, discharges and forever releases the Company and all of its employees from any and all Liabilities, including those arising under any Law, Contract, arrangement,
commitment or undertaking, whether written or oral, to the extent arising on or prior to the Closing (including any intercompany receivables or payables booked against the Company or other similar items) or otherwise related to the transactions
contemplated hereby; provided, that the provisions of this Section 7.2 shall not apply to the rights of any Seller under (a) the Transaction Documents, (b) the indemnity provisions of the Governing Documents of the
Company in effect immediately prior to the Closing or (c) any right to proceeds of any director or officer insurance policy of the Company effective as of immediately prior to the Closing. Effective as of the Closing, the Company, Purchasers
and their respective Affiliates hereby unconditionally and irrevocably acquits, remises, discharges and forever releases the Sellers from any and all Liabilities, including those arising under any Law, Contract, arrangement, commitment or
undertaking, whether written or oral, to the extent arising on or prior to the Closing (including any intercompany receivables or payables booked against a Seller or other similar items) or otherwise related to the transactions contemplated hereby;
provided, that the provisions of this Section 7.2 shall not apply to the rights of the Company (or, for purposes of clarity, the Purchasers and their Affiliates) under the Transaction Documents or with respect to intentional and
knowing fraud in connection with any representation or warranty set forth in this Agreement. 
 7.3 Fees and Expenses.
The Purchasers shall be responsible for all costs and expenses incurred by the Purchasers in connection with the negotiation, preparation and execution of the Transaction Documents and the consummation of the transactions contemplated thereby;
provided, that the Company may make payments in respect of such costs and expenses on behalf of the Purchasers using proceeds provided to the Company by the Purchasers. The Sellers shall be responsible for all costs and expenses incurred by
the Sellers and the Company in connection with the negotiation, preparation and execution of the Transaction Documents and the consummation of the transactions contemplated thereby, including (i) any legal, accounting,

  
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financial advisory and other advisory, transaction or consulting fees and expenses, (ii) any brokerage or similar fees, (iii) all transaction, success, change of control or similar
payments or bonuses payable to employees, directors or consultants of the Sellers as a result of the transactions contemplated hereby, (iv) any amounts payable in connection with the termination of the Contracts listed on Schedule 3.22,
(v) all costs and expenses arising from, relating to or in connection with obtaining the Consents and (vi) $100,000 to be paid in connection with that certain representation and warranty insurance policy relating to the transactions
contemplated by this Agreement (collectively, the “Seller Expenses”). All sales and transfer taxes, deed taxes, conveyance fees, recording charges and similar taxes, fees and charges imposed in connection with the transfer of the
Units and Transferred Assets (collectively, the “Transfer Taxes”), together with any interest, penalties or additions to such Transfer Taxes shall be paid one-half by the Sellers and one-half by the Purchasers, except for applicable
goods and services tax (the “GST”) and harmonized sales tax (the “HST”) with respect to the transfer of the Transferred Assets, which shall be paid entirely by Canada Purchaser to Canada Seller. Canada Purchaser
shall pay the GST and HST to Canada Seller at the Closing in addition to and based on the portion of the Closing Payment Amount paid to Canada Seller as allocated to the applicable Transferred Assets, which Canada Seller shall remit to the
applicable Governmental Authority. The Parties shall cooperate in timely making all filings, returns, reports and forms as necessary or appropriate to comply with the provisions of all applicable Laws in connection with the payment of such Transfer
Taxes, and shall cooperate in good faith to minimize, to the fullest extent possible under such Laws, the amount of any such Transfer Taxes payable in connection therewith. 
 7.4 Remedies. Any Person having any rights under any provision of this Agreement shall be entitled to enforce such rights specifically (without posting a bond or other security). One or more
successive actions may be brought against any Party, either in the same action or in separate actions, as often as another Party deems advisable, until all of the obligations to such Person are paid and performed in full. 

7.5 Consent to Amendments; Waivers. This Agreement may be amended, or any provision of this Agreement may be waived upon the
approval, in a writing, executed by the Parties. No course of dealing between or among the Parties shall be deemed effective to modify, amend or discharge any part of this Agreement or any rights or obligations of any such Party or such holder under
or by reason of this Agreement. 
 7.6 Successors and Assigns. This Agreement and all covenants and agreements contained
herein and rights, interests or obligations hereunder, by or on behalf of any of the Parties, shall bind and inure to the benefit of the respective successors and permitted assigns of the Parties whether so expressed or not, except that neither this
Agreement nor any of the covenants and agreements herein or rights, interests or obligations hereunder may be assigned or delegated by any Seller, without the prior written consent of the Purchasers, and neither this Agreement nor any of the
covenants and agreements herein or rights, interests or obligations hereunder may be assigned or delegated by the Purchasers, without the prior written consent of the Sellers. Notwithstanding the foregoing, the Purchasers may, without the prior
written consent of the Sellers, (a) assign their rights, but not their obligations, under this Agreement to any of their financing sources and (b) assign any or all of their rights to any third-party who subsequently purchases all or
substantially all of the then existing Assets of the 

  
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Company in a single transaction or series of related transactions; provided, that a merger or sale of Equity Interests of the Company shall not be deemed to be an assignment by operation
of Law. Any attempted assignment in violation of this Section 7.6 shall be void ab initio. 
 7.7
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, illegal or unenforceable under any applicable Law in any respect by a court of competent jurisdiction, such provision shall be ineffective only to the extent of such prohibition, illegality
or unenforceability, without invalidating the remainder of such provision or the remaining provisions of this Agreement. 
 7.8
Counterparts; Facsimile Signatures. This Agreement may be executed in one or more counterparts, any one of which need not contain the signatures of more than one Party, but all such counterparts taken together will constitute one and the same
instrument. Counterpart signatures to this Agreement delivered by facsimile or other electronic transmission shall be acceptable and binding. 
 7.9 Descriptive Headings; Interpretation. The title of and the section and paragraph headings in this Agreement are for convenience of reference only and shall not govern or affect the
interpretation of any of the terms or provisions of this Agreement. The term “this Agreement” means this Agreement together with all Schedules and Exhibits hereto, as the same may from time to time be amended, modified, supplemented or
restated in accordance with the terms hereof. The use in this Agreement of the term “including” and other words of similar import mean “including, without limitation” and where specific language is used to clarify by example a
general statement contained herein, such specific language shall not be deemed to modify, limit or restrict in any manner the construction of the general statement to which it relates. The use in this Agreement of the phrases “related to the
Business” and “relating to the Business” mean “primarily related to the Business” and “primarily relating to the Business”. The words “herein,” “hereof,” “hereunder” and other words of
similar import refer to this Agreement as a whole, including the Schedules and Exhibits, and not to any particular section, subsection, paragraph, subparagraph or clause contained in this Agreement. The words “Section”,
“Schedule” and “Exhibits” mean Section, Schedule and Exhibit of this Agreement, as in each case the context may require or permit. The use herein of the masculine, feminine or neuter forms shall also denote the other forms, as in
each case the context may require or permit. The use herein of terms importing the singular shall also include the plural, and vice versa. All references to “dollars” or “$” shall be deemed references to the lawful money of the
United States of America, all references to “C$” shall be deemed references to the lawful money of Canada, and any amounts denominated in currency other than the lawful money of the United States of America on any date of determination
shall be deemed to be the equivalent in dollars of such currency determined by using the prevailing foreign exchange rate provided by OANDA Corporation (or it not, as quoted on a similar service) at 9:00 a.m. New York time on such date. 

7.10 Entire Agreement. This Agreement and the other agreements and documents referred to herein contain the entire agreement and
understanding among the Parties with respect to the subject matter hereof and supersede all prior agreements and understandings, whether written or oral, relating to such subject matter in any way, including that certain letter

  
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agreement dated as of October 17, 2012 by and between US Seller and Bruckmann, Rosser, Sherrill & Co. Management, L.P., which shall terminate and be of no further force or effect as
of the Closing Date. 
 7.11 No Third-Party Beneficiaries. This Agreement is for the sole benefit of the Parties and
their permitted successors and assigns and nothing herein expressed or implied shall give or be construed to give any Person, other than the Parties and such permitted successors and assigns, any legal or equitable rights hereunder. 

7.12 Schedules and Exhibits. All Schedules and Exhibits attached hereto or referred to herein are hereby incorporated in and made
a part of this Agreement as if set forth in full herein. 
 7.13 Governing Law. All issues and questions concerning the
construction, validity, enforcement and interpretation of this Agreement shall be governed by, and construed in accordance with, the Laws of the State of Delaware without giving effect to any choice of law or conflict of law rules or provisions
(whether of the State of Delaware or any other jurisdiction) that would cause the application of the Laws of any jurisdiction other than the State of Delaware. In furtherance of the foregoing, the internal Law of the State of Delaware shall control
the interpretation and construction of this Agreement, even though under that jurisdiction’s choice of law or conflict of law analysis, the substantive Law of some other jurisdiction would ordinarily apply. 

7.14 Notices. All notices, claims or other communications to be given or delivered under or by reason of the provisions of this
Agreement shall be in writing and shall be deemed to have been given when delivered personally to the recipient or when sent by facsimile or e-mail (in each case, upon electronic confirmation of receipt thereof), or one day after being sent to the
recipient by reputable overnight courier service (charges prepaid). Such notices, claims and other communications shall be sent to the Parties at the addresses indicated below or to such other address or to the attention of such other Person as the
recipient party has specified by prior written notice to the sending party. All notices, claims and other communications hereunder may be given by any other means (including telecopy or electronic mail), but shall not be deemed to have been duly
given unless and until it is actually received by the intended recipient. 
 To any Seller: 

Kellwood Company 
 600 Kellwood Parkway 
 Chesterfield, MO 63017 

Attn: Keith A. Grypp 
 Fax: (314) 576-3388 
 Email: keith.grypp@kellwood.com 

and 

  
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 Sun Capital Partners, Inc. 

5200 Town Center Circle, Suite 600 

Boca Raton, FL 33486 
 Attn:    C. Deryl Couch, Jason H. Neimark and Brian McGee 
 Fax:     (561) 394-0540 
 Email:
dcouch@suncappart.com 

            jneimark@suncappart.com 

            bmcgee@suncappart.com 

with a copy to (which shall not constitute notice to any Seller): 

Kirkland & Ellis LLP 
 300 North LaSalle 
 Chicago, IL 60654 

Attn:   Jeremy S. Liss 

           Corey D. Fox 

Fax:    (312) 862-2200 

Email: jeremy.liss@kirkland.com 
            corey.fox@kirkland.com 
 To any Purchaser or the Company: 
 c/o Bruckmann, Rosser,
Sherrill & Co. Management, L.P. 
 126 E. 56th Street 

New York, NY 10022 
 Attn:   Frank D. Scrudato 

           Tory O. Rooney 

Fax:    (212) 521-3799 

Email: fs@brs.com 
             tor@brs.com 
 with copies to (which shall not constitute notice to the Purchasers or the Company): 
 Kirkland & Ellis LLP 
 601 Lexington Avenue 

New York, NY 10022 
 Attn:   Leo Greenberg 

Fax:    (212) 446-6460 

Email: leo.greenberg@kirkland.com 
 7.15 Waiver of Jury Trial. EACH OF THE PARTIES WAIVES ANY RIGHT IT MAY HAVE TO TRIAL BY JURY IN RESPECT OF ANY PROCEEDING BASED ON, ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT, THE
TRANSACTIONS CONTEMPLATED HEREBY OR ANY COURSE OF CONDUCT, COURSE OF DEALING, VERBAL OR WRITTEN STATEMENT OR ACTION OF ANY PARTY. 

  
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 7.16 No Strict Construction. The Parties have participated jointly in the negotiation
and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the Parties, and no presumption or burden of proof shall arise favoring or
disfavoring any Party by virtue of the authorship of any of the provisions of this Agreement. 
 7.17 Jurisdiction. Each
of the Parties submits to the exclusive jurisdiction and venue of any state or federal court sitting in the state of Delaware, in any Proceeding arising out of or relating to this Agreement and agrees that all claims in respect of the Proceedings
may be heard and determined in any such court and hereby expressly submits to the personal jurisdiction and venue of such court for the purposes hereof and expressly waives any claim of improper venue and any claim that such courts are an
inconvenient forum. Each of the Parties hereby irrevocably consents to the service of process of any of the aforementioned courts in any such suit, action or proceeding by the mailing of copies thereof by registered or certified mail, postage
prepaid, to its address set forth in Section 7.14, such service to become effective ten (10) days after such mailing. 
 7.18 Independence of Agreements, Covenants, Representations and Warranties. All agreements and covenants hereunder shall be given independent effect so that if a certain action or condition
constitutes a default under a certain agreement or covenant, the fact that such action or condition is permitted by another agreement or covenant shall not affect the occurrence of such default, unless expressly permitted under an exception to such
initial covenant. In addition, all representations and warranties hereunder shall be given independent effect so that if a particular representation or warranty proves to be incorrect or is breached, the fact that another representation or warranty
concerning the same or similar subject matter is correct or is not breached will not affect the incorrectness of or a breach of a representation and warranty hereunder. 
 7.19 Acknowledgement by the Purchasers. 
 (a) Each Purchaser acknowledges
that it has conducted to its satisfaction an independent investigation and verification of the financial condition, results of operations, assets, liabilities, properties and projected operations of the Company and the Transferred Assets, and, in
making its determination to proceed with the transactions contemplated by this Agreement, the Purchasers have relied on the results of their own independent investigation and verification and the representations and warranties expressly and
specifically set forth in Article III, as qualified by the Schedules. The representations and warranties expressly and specifically set forth in Article III and the other documents and agreements referenced herein constitute the sole
and exclusive representations, warranties, and statements of any kind of any of the Sellers and all other Persons to the Purchasers in connection with the transactions contemplated hereby, and the Purchasers understand, acknowledge and agree that
all representations, warranties, and statements of any kind or nature expressed or implied (including any relating to the future or historical financial condition, results of operations, prospects, projections, assets or liabilities of the Company
or the Transferred Assets, or the quality, quantity or condition of the Company or 

  
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the Transferred Assets and the information contained in any “data room”) other than those specifically set forth in Article III and the other documents and agreements referenced
herein are specifically disclaimed by the Sellers. None of the Sellers or any other Person make or provide, and the Purchasers waive, any warranty or representation, express or implied, as to the quality, merchantability, fitness for a particular
purpose, conformity to samples, or condition of the Company or the Assets or any part thereof other than those specifically set forth in Article III and the other documents and agreements referenced herein. THE PURCHASERS SPECIFICALLY
ACKNOWLEDGE AND AGREE THAT, EXCEPT FOR THE REPRESENTATIONS AND WARRANTIES SET FORTH IN Article III AND THE OTHER DOCUMENTS AND AGREEMENTS REFERENCED HEREIN, THE PURCHASERS ARE ACQUIRING THE UNITS AND THE TRANSFERRED ASSETS ON AN “AS IS,
WHERE IS” BASIS AND NONE OF THE SELLERS NOR ANY OTHER PERSON (INCLUDING, ANY EQUITYHOLDER, OFFICER, DIRECTOR, MANAGER, EMPLOYEE OR AGENT OF ANY OF THE FOREGOING, WHETHER IN ANY INDIVIDUAL, CORPORATE OR ANY OTHER CAPACITY) IS MAKING, AND NEITHER
OF THE PURCHASERS IS RELYING ON, ANY REPRESENTATIONS, WARRANTIES, OR OTHER STATEMENTS OF ANY KIND WHATSOEVER, WHETHER ORAL OR WRITTEN, EXPRESS OR IMPLIED, STATUTORY OR OTHERWISE, AS TO ANY MATTER CONCERNING THE COMPANY, UNITS, TRANSFERRED ASSETS,
THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY, OR THE ACCURACY OR COMPLETENESS OF ANY INFORMATION PROVIDED TO (OR OTHERWISE ACQUIRED BY) THE PURCHASERS OR ANY OF THE PURCHASER’S REPRESENTATIVES. The Purchasers and their Affiliates
acknowledge and agree that their sole and exclusive remedy against any Seller 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 intentional and knowing fraud) relating (directly or indirectly) to the subject matter of this Agreement or the transactions contemplated hereby, 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 an action for a contractual breach of the express terms hereof and of the other
documents and agreements referenced herein; it being agreed and understood that, for the avoidance of doubt, the sole and exclusive remedy of the Purchasers and their Affiliates for any Losses arising out of or relating to breaches of the
representations and warranties made by the Sellers contained in this Agreement (other than with respect to intentional and knowing fraud in connection with any such representation and warranty), 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 against the representation and warranty insurance policy, if any, maintained by the Purchasers on the
date hereof providing coverage with respect thereto, a copy of which shall be provided to Sellers on the date hereof. 

*    *    *    *    * 

  
 - 53 -

 IN WITNESS WHEREOF, the Parties have executed this Purchase Agreement on the date first
written above. 
  

					
	KELLWOOD COMPANY
		
	By:	 	 /s/ Michael M. Saunders

		 	Name: 	 	Michael M. Saunders
		 	Title: 	 	SVP and COO
	
	CANADIAN RECREATION PRODUCTS INC.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	RR CANADA, INC.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	RR ACQUISITION CORPORATION
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

 [Signature Page to Purchase Agreement] 

 IN WITNESS WHEREOF, the Parties have executed this Purchase Agreement on the date first
written above. 
  

					
	KELLWOOD COMPANY
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	CANADIAN RECREATION PRODUCTS INC.
		
	By:	 	 /s/ Casandra Hofmann

		 	Name:	 	Casandra Hofmann
		 	Title: 	 	CFO
	
	RR CANADA, INC.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	RR ACQUISITION CORPORATION
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

 [Signature Page to Purchase Agreement] 

 IN WITNESS WHEREOF, the Parties have executed this Purchase Agreement on the date first
written above. 
  

			
	KELLWOOD COMPANY
		
	By:	 	 
	Name:	 	
	Title:	 	
	  
 CANADIAN RECREATION PRODUCTS INC.

		
	By:	 	 
	Name:	 	
	Title:	 	
	  
 RR CANADA, INC.

		
	By:	 	/s/ Frank D. Scrudato
	Name:	 	Frank D. Scrudato
	Title:	 	President
	  
 RR ACQUISITION CORPORATION

		
	By:	 	/s/ Frank D. Scrudato
	Name:	 	Frank D. Scrudato
	Title:	 	President

 EXHIBIT B 
 RR TRANSFERRED ASSETS 
 See attached. 

 Exhibit A 

[On file with the Company] 

 EXHIBIT C 
 PHAT FASHIONS PURCHASE AGREEMENT 
 See attached. 

 EXHIBIT D 
 PF TRANSFERRED ASSETS 
 See attached. 

 EXECUTION VERSION 

 
  
 PURCHASE AGREEMENT 
 between 

PHAT FASHIONS, LLC, as Seller, 
 and 
 BABY PHAT HOLDING COMPANY, LLC, as Purchaser 

Dated as of December 11, 2012 
  

 

 EXHIBITS AND SCHEDULES 

 

			
	 Schedule A
	  	Transferred Contracts
		
	 Schedule B
	  	Transferred Trademarks
		
	 Schedule C
	  	Transferred Domain Names
		
	 Schedule D
	  	Disclosures
		
	 Schedule 3.3(c)
	  	Consents
		
	 Schedule 4.8
	  	Absence of Conflicts
		
	 Schedule 4.9
	  	Financial Information

 PURCHASE AGREEMENT 

THIS PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of December 11, 2012 (the
“Effective Date”) by and between Phat Fashions, LLC, a New York limited liability company having a principal place of business at 600 Kellwood Parkway, Chesterfield, MO 63017 (“Seller”), and Baby Phat Holding
Company, LLC, a New York limited liability company having a principal place of business at 1400 Broadway, Suite 1405, New York, NY 10018 (“Purchaser”) (each, a “Party” and collectively, the
“Parties”). 
 WHEREAS, Seller desires to sell, assign and transfer its right, title and interest to the
Purchased Assets (as that term is defined below) to Purchaser based on the terms and conditions herein; and 
 WHEREAS,
Purchaser desires to acquire Seller’s right, title and interest to the Purchased Assets, based on the terms and conditions herein. 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties hereto agree as follows. 
 ARTICLE 1 

DEFINITIONS 
 Terms used herein with initial capitals shall have the meanings in this Article 1. 
 1.1 “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, by contract or otherwise. 

1.2 “Assumed Liabilities” has the meaning given to such term in Section 2.2. 

1.3 “Business Day” means any day other than a Saturday, Sunday or a day on which banks in New York City, United States
of America are authorized or obligated by applicable law to close. 
 1.4 “Change in Control” means the
occurrence of any of the following events: (a) a Person becomes the beneficial owner, directly or indirectly, of securities of any other Person representing fifty percent (50%) or more of the total voting power represented by such other
Person’s then outstanding voting securities; (b) the consummation of the sale or disposition by a Person of all or substantially all of the Person’s assets; or (c) the consummation of a merger or consolidation of a Person with
any other corporation, other than a merger or consolidation which would result in the voting securities of the Person outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting
securities of the surviving entity or its parent) at least fifty percent (50%) of the total voting power represented by the voting securities of the Person or such surviving entity or its parent outstanding immediately after such merger or
consolidation. 

 1.5 “Closing” has the meaning set forth in Section 3.1. 

1.6 “Closing Date” has the meaning set forth in Section 3.1. 

1.7 “Effective Date” has the meaning set forth in the Preamble. 

1.8 “Encumbrance” means any lien, pledge, mortgage, security interest, option, right of first refusal, transfer
restriction, collateral assignment, levy, escrow, conditional sale contract, title retention contract, indenture, or security agreement; provided, that, the definition of Encumbrance excludes the Transferred Contracts and liens for
taxes not yet due and payable. 
 1.9 “Governmental Entity” means any federal, state, provincial, local,
municipal, foreign or other governmental or quasi-governmental authority of any nature (including any governmental division, department, agency, commission, instrumentality, official, organization, unit, body or entity and any court or other
tribunal). 
 1.10 “Indemnified Party” has the meaning given to such term in Section 7.3.

 1.11 “Indemnifying Party” has the meaning given to such term in Section 7.3. 

1.12 “Knowledge” means the actual knowledge of Keith Grypp or Dassine Hammoudi. 

1.13 “Loss” means, subject to Section 7.5, all claims, losses, liabilities, damages, fines, penalties,
interest, amounts payable as indemnity obligations, and all related costs and expenses, including reasonable legal and attorneys’ fees and disbursements. 
 1.14 “Person” means any corporation, partnership, joint venture, limited liability company, organization, entity, authority or natural person, including each of the Parties. 

1.15 “Purchase Price” has the meaning given to such term in Section 2.3. 

1.16 “Purchased Assets” means the Transferred Trademarks, the Transferred Domain Names, the Transferred Contracts and
originals or copies of all of Seller’s files and documentation specifically and exclusively regarding all of the foregoing assets. 
 1.17 “Purchaser” has the meaning given to such term in the Preamble. 
 1.18 “Purchaser Indemnitees” has the meaning given to such term in Section 7.1. 
 1.19 “Representative” means, with respect to either Party, any of such Party’s directors, officers, managers, members, employees, attorneys, accountants, brokers, finders, investment
bankers and other agents. 
 1.20 “Retained Liabilities” means any and all claims, losses, liabilities,
damages, fines, penalties, interest, amounts payable as indemnity obligations, out-of-pocket costs and expenses due to third parties, and all related costs and expenses (including legal and attorneys’ fees and disbursements) relating to the
Purchased Assets and arising or accruing before or in the twelve (12) months immediately after the Closing Date with respect to any actions or omissions (except for Purchaser’s actions or omissions) occurring solely before the Closing
Date. 

  
 2 

 1.21 “Seller” has the meaning given to such term in the Preamble.

 1.22 “Seller Indemnitees” has the meaning given to such term in Section 7.2. 

1.23 “Tax” means (a) all federal, state or local taxes, charges or other assessments, including all net income,
gross receipts, capital, sales, use, ad valorem, value added, goods and services, transfer, franchise, profits, inventory, capital stock, license, withholding, payroll, employment, social security, unemployment, excise, severance, stamp,
occupation, property and estimated taxes and (b) all interest, penalties, fines, additions to tax or additional amounts imposed by any Tax Authority in connection with any item described in clause (a) of this Section 1.23.

 1.24 “Tax Authority” means any Governmental Entity, instrumentality or employee thereof, charged with
the administration of any law relating to Taxes. 
 1.25 “Tax Return” means any return, declaration,
report, claim for refund, or information return or statement relating to Taxes, including any schedule or attachment thereto, and including any amendment thereof. 
 1.26 “Term” has the meaning given to such term in Section 8.1. 
 1.27 “Transferred Contracts” means only the agreements specifically set forth on Schedule A attached hereto. 

1.28 “Transferred Domain Names” means only the internet domain names specifically set forth on Schedule C
attached hereto. 
 1.29 “Transferred Trademarks” means only the trademark registrations and applications
specifically set forth on Schedule B attached hereto, including the goodwill associated directly with the Transferred Trademarks and the right to sue for past, present and future infringements thereof. 

ARTICLE 2 

PURCHASE AND SALE OF ASSETS 
 2.1 Purchase of Purchased Assets. On the Closing Date, pursuant to the terms and subject to the conditions of this Agreement, Seller shall sell, assign and transfer to Purchaser all of its
right, title and interest in and to the Purchased Assets. Title to and ownership of the Purchased Assets shall transfer to and vest with Purchaser solely upon Seller’s receipt of the Purchase Price in its full amount in accordance with
Sections 2.3 and 2.4. 
 2.2 Assumption of Liabilities. On the Closing Date, pursuant to the terms and subject
to the conditions of this Agreement, Purchaser shall assume and hereby agrees to pay, perform and discharge when due any and all claims, losses, liabilities, damages, fines, penalties, interest, amounts payable as indemnity obligations, and all
related costs and expenses (including legal 

  
 3 

 
and attorneys’ fees and disbursements) relating to the Purchased Assets and arising on or after the Closing Date with respect to any actions or omissions occurring on or after the Closing
Date (collectively, the “Assumed Liabilities”). 
 2.3 Purchase Price. The aggregate
purchase price for the Purchased Assets shall be an amount equal to FIVE MILLION THREE HUNDRED FIFTY THOUSAND
AND 00/100 DOLLARS ($5,350,000.00) (the “Purchase Price”) payable as follows: 
 (a) FIVE HUNDRED THOUSAND AND 00/100 DOLLARS ($500,000.00) (the “Deposit”) on the Effective Date payable
in accordance with Section 2.4 below; and 
 (b) FOUR MILLION EIGHT
HUNDRED FIFTY THOUSAND AND 00/100 DOLLARS ($4,850,000.00) (the “Closing Purchase Price”) on the Closing Date payable in accordance with
Section 2.4 below. 
 2.4 Payment Method. The Purchase Price shall not be adjusted for inflation/deflation,
currency, Tax, or any other reason, except as specifically set forth in Section 7.9, and each Party shall be entirely responsible for its own Taxes incurred in connection with this Agreement, including any transfer, sales, income, use,
withholding, and registration taxes and any penalties and interest thereon. The Purchase Price is irrevocable and non-refundable, and Purchaser hereby acknowledges that, without limiting any indemnification obligations of Seller as required by this
Agreement, except as otherwise set forth in Article 8 with respect to the Deposit, Purchaser shall not be entitled to any kind of refund of any portion of the Purchase Price under any circumstance. Purchaser shall pay and deliver to Seller
the Purchase Price in accordance with and at the times set forth in Section 2.3 cash by electronic wire transfer of immediately available funds for delivery, deposit and receipt in the following bank account (or any other bank account
that Seller designates in writing): 
  

			
	Beneficiary Bank:	  	 [On file with the Company]

	Bank Address:	  
	Acct #	  
	ABA #	  
	Beneficiary: 	  

 ARTICLE 3 
 CLOSING AND DELIVERIES 
 3.1 Closing. The
consummation of the transactions, other than payment of the Deposit, contemplated hereby (the “Closing”) shall take place on a date mutually acceptable to Seller and Purchaser (the “Closing Date”), provided that it
shall be no later than January 15, 2013, at the offices of Gordon, Herlands, Randolph & Cox LLP, 355 Lexington Avenue, 10th Floor, New York, NY 10017 or such other place as agreed to by the parties. 

  
 4 

 3.2 Closing Deliveries. 

(a) Payment of the Closing Purchase Price. At the Closing, Purchaser shall pay to Seller the Closing Purchase Price by wire
transfer of immediately available funds in accordance with instructions provided by Seller. 
 3.3 Conditions to
Purchaser’s Obligations. The obligations of the Purchaser to complete the Closing are contingent upon the fulfillment of each of the following conditions on or before the Closing Date, except to the extent that the Purchaser may, in its
absolute discretion, waive any one or more thereof in whole or in part: 
 (a) Financing. Purchaser shall have received
financing for the transaction pursuant to terms and conditions and subject to agreements and other requirements in each case reasonably acceptable to Purchaser. 
 (b) Bringdown. The representations and warranties of Seller set forth in this Agreement shall be materially true and correct on the Closing Date with the same force and effect as though made on the
Closing Date; all terms, covenants and conditions to be complied with and performed by Seller under the Agreement on or before the Closing Date shall have been materially complied with and materially performed; and Seller shall have delivered to
Purchaser at Closing certificates, dated the Closing Date, to such effect; provided, that neither the winding down of Seller’s wholesale business nor the effects of such winding down shall be considered to cause any of the
representations and warranties set forth in this Agreement not to be materially true and correct. 
 (c) Consents. Seller
shall have received the third-party consents set forth on Schedule 3.3(c). 
 (d) No Material Adverse Change.
There shall not have been any material adverse change (as defined under Delaware law) in the business of the Seller taken as a whole since the date of this Agreement; provided, that neither the winding down of Seller’s wholesale business
nor the effects of such winding down shall be considered a material adverse change. 
 (e) No Adverse Proceedings.
No action, suit or proceeding before any court or any governmental or regulatory authority shall have been commenced, no investigation by any governmental or regulatory authority shall have been commenced, and no action, suit or proceeding by any
governmental or regulatory authority shall have been threatened, against any of the parties to this Agreement, or any of the principals, officers or directors or any of them, or any of the Assets where an unfavorable judgment with respect thereto
would prevent, rescind or declare unlawful the transactions contemplated hereby. 
 (f) Certificates of Status. Purchaser
shall have received a certificate of status or similar certificate for Seller from the State of New York and from each other state in which Seller is qualified to do business. 
 3.4 Conditions to Sellers Obligations. The obligations of Seller to complete the Closing are contingent upon the fulfillment of each of the following conditions on or before the Closing Date,
except to the extent that Seller may, in their absolute discretion, waive any one or more thereof in whole or in part. 

  
 5 

 (a) Bringdown. The representations and warranties of Purchaser set forth in this
Agreement shall be materially true and correct on the Closing Date with the same force and effect as though made on the Closing Date; all terms, covenants and conditions to be complied with and performed by Purchaser under this Agreement on or
before the Closing Date shall have been materially complied with and materially performed; and Purchaser shall have delivered to Seller at Closing a certificate, dated the Closing Date, to such effect. 

(b) No Adverse Proceedings. No action, suit or proceeding before any court or any governmental or regulatory authority shall have
been commenced, no investigation by any governmental or regulatory authority shall have been commenced, and no action, suit or proceeding by any governmental or regulatory authority shall have been threatened, against any of the parties to this
Agreement, or any of the principals, officers or directors or any of them, or any of the Assets where an unfavorable judgment with respect thereto would prevent, rescind or declare unlawful the transactions contemplated hereby. 

ARTICLE 4 

REPRESENTATIONS AND WARRANTIES OF SELLER 
 Seller represents and warrants to Purchaser that the statements contained in this Article 4 are correct and complete as of the Effective Date and the Closing Date, except as noted otherwise.

 4.1 Organization. Seller is a limited liability company validly existing and in good standing under the laws of its
jurisdiction of formation. 
 4.2 Authority. Solely as of the Closing Date, the execution, delivery and performance by
Seller of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary action on the part of Seller and do not and will not violate any provisions of its organizational documents. Assuming
that this Agreement is a valid and binding obligation of Purchaser, this Agreement constitutes a valid and binding agreement of Seller, enforceable against Seller in accordance with its terms, except as enforceability may be limited by bankruptcy,
insolvency, fraudulent conveyance, reorganization, or moratorium laws, other similar laws affecting creditors’ rights and general principles of equity affecting the availability of specific performance and other equitable remedies. 

4.3 Ownership. Solely as of the Closing Date, except as set forth in Schedule D, Seller (i) owns the Transferred
Trademarks, free and clear of all Encumbrances other than Encumbrances that will no longer exist as of the Closing, (ii) has the right to convey the Purchased Assets to Purchaser, and (iii) at the Closing shall have conveyed to Purchaser
good and marketable title to the Transferred Contracts free and clear of all Encumbrances. 
 4.4 Non-Infringement. To
Seller’s Knowledge, except as set forth in Schedule D, the use of the Transferred Trademarks as currently used by Seller in any of the countries where the Transferred Trademarks are registered does not materially infringe or
misappropriate any other Person’s intellectual property rights. 

  
 6 

 4.5 Registration. To Seller’s Knowledge, except as set forth in Schedule
D, all of the Transferred Trademarks are valid. 
 4.6 Transferred Contracts. To Seller’s Knowledge, except as
set forth on Schedule A, the rights of Seller under the Transferred Contracts are valid and enforceable by Seller and will at the Closing, subject to obtaining any required consents necessary to assign the Transferred Contracts, be validly
assigned to and thereupon enforceable by Purchaser, in each case enforceable in accordance with their respective terms except as such enforceability may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors’
rights generally and by such principles of equity as may affect the availability of equitable remedies. To the Knowledge of Seller, except as set forth on Schedule A, neither Seller nor the other parties thereto are in default in any material
respects (nor does any circumstance exist which, with notice, would result in such a default) under the Transferred Contracts, and, subject to obtaining any required consents necessary to assign the Transferred Contracts, the assignment by Seller of
its rights thereunder to Purchaser will not violate the terms thereof. 
 4.7 Litigation. Except for any actions set
forth on any Schedule to this Agreement, no claims, actions, suits or other proceedings are pending, or to the Seller’s Knowledge, threatened, against Seller with respect to the Purchased Assets before any court, agency or other judicial,
administrative or other governmental body or arbitrator. 
 4.8 Absence of Conflicts and Consent Requirements.
Seller’s execution and delivery of this Agreement and performance of its obligations hereunder, including the sale of the Purchased Assets hereunder, do not and will not conflict with, violate or result in any default under Seller’s
certificate of incorporation or by-laws or, except as set forth on Schedule 4.10, in any default under any mortgage, indenture, agreement, instrument or other contract to which Seller is a party or by which it or its property is bound, nor
will Seller’s execution and delivery of this Agreement and performance of its obligations hereunder violate any judgment, order, decree, law, statute, regulation or other judicial or governmental restriction to which Seller is subject. Other
than consents necessary to assign the Transferred Contracts, Seller’s execution and delivery of this Agreement and the performance of its obligations hereunder, including the sale of the Purchased Assets, do not and will not require the consent
of, or any prior filing with any governmental authority or other third party. 
 4.9 Financial Information. The financial
information set forth in Schedule 4.9 is materially true and correct. 
 4.10 No Material Misstatements or
Omissions. To Seller’s Knowledge, the representations and warranties of Seller in this Agreement do not contain any untrue statement of a material fact or omit to state any material fact necessary to make the representations and warranties
in this Agreement materially untrue. 

  
 7 

 ARTICLE 5 
 REPRESENTATIONS AND WARRANTIES OF PURCHASER 
 Purchaser represents and
warrants to Seller that the statements contained in this Article 5 are correct and complete as of the Effective Date and the Closing Date. 
 5.1 Organization. Purchaser is a limited liability company validly existing and in good standing under the laws of its jurisdiction of formation. 

5.2 Authority. The execution, delivery and performance by Purchaser of this Agreement and the consummation of the transaction
contemplated hereby have been duly authorized by all necessary action on the part of Purchaser and do not and will not violate any provisions of its organizational documents, any applicable regulation or any contract or order binding upon it.
Assuming that this Agreement is a valid and binding obligation of Seller, this Agreement constitutes a valid and binding agreement of Purchaser, enforceable against Purchaser in accordance with its terms, except as enforceability may be limited by
bankruptcy, insolvency, fraudulent conveyance, reorganization, or moratorium laws, other similar laws affecting creditors’ rights and general principles of equity affecting the availability of specific performance and other equitable remedies.

 5.3 No Knowledge of Misrepresentations or Omissions. Purchaser has no knowledge that the representations and
warranties of the Seller in this Agreement and the Schedules attached hereto are not true and correct in all material respects, and the Purchaser has no knowledge of any material errors in, or material omissions from, any Schedule to this Agreement.
Absence of Conflicts and Consent Requirements. Purchaser’s execution and delivery of this Agreement and performance of its obligations hereunder, including the purchase of the Purchased Assets hereunder, do not and will not conflict
with, violate or result in any default under Purchaser’s articles of organization or operating agreement or in any default under any mortgage, indenture, agreement, instrument or other contract to which Purchaser is a party or by which it or
its property is bound, nor will Purchaser’s execution and delivery of this Agreement and performance of its obligations hereunder violate any judgment, order, decree, law, statute, regulation or other judicial or governmental restriction to
which Purchaser is subject. Purchaser’s execution and delivery of this Agreement and the performance of its obligations hereunder, including the purchase of the Purchased Assets, do not and will not require the consent of, or any prior filing
with any governmental authority or other third party. 
 ARTICLE 6 

COVENANTS 

6.1 Delivery of Recordable Documents. Subject to Seller’s written confirmation that it has received the Purchase Price, at
the Closing, Purchaser shall have the right to deliver to Seller, at Purchaser’s sole cost and expense, recordable assignment documents, bills of sale and other documents or instruments of conveyance and transfer (collectively
“Assignment Documents”) with respect to the Purchased Assets in a form reasonably acceptable to Seller for execution by Seller (it being agreed and understood that such Assignment Documents shall not contain representations,
warranties, covenants or other provisions materially or substantially more burdensome on Seller than such equivalent provisions contained herein), and Seller shall execute 

  
 8 

 
and deliver such Assignment Documents to Purchaser, which such execution and delivery shall not be unreasonably withheld, delayed or denied. Seller and Purchaser each hereby covenants and agrees
with one another that at any time and from time to time it will promptly execute and deliver, at Purchaser’s sole cost and expense, such further assurances, instruments and documents (including on the part of Seller any and all bills of sale,
assignments, and other documents or instruments of conveyance, as Purchaser may reasonably request, in order to vest in Purchaser title to the Purchased Assets), and take such further action, as the other may reasonably request in order to vest in
Purchaser title to the Purchased Assets; provided, that such further assurances, instruments and documents shall not contain representations, warranties, covenants or other provisions materially or substantially more burdensome on Seller than such
equivalent provisions contained herein. Kellwood Company, a Delaware corporation (“Kellwood”), hereby covenants and agrees to use commercially reasonable efforts to transfer to Purchaser, at Purchaser’s sole expense and at no
cost to Kellwood or Seller, solely to the extent available and transferable, all marketing materials, brand studies, designs patterns, brand history, brand names, blocks and trim boards for all categories and for regular and plus sizes, in each case
used exclusively in the business conducted with the Purchased Assets prior to the date hereof and to provide a list of factory contacts, including contact information for such factory contacts, used in the business conducted with the Purchased
Assets prior to the date hereof and to use commercially reasonable efforts provide Purchaser with introductions to such factory agent contacts. 
 6.2 Provision of Information. From and after the Closing Date, either Party may request information and records as may reasonably be required by such Party for (a) the purpose of making any
necessary tax filings and/or investigating and defending audit claims by any taxing authority; (b) accessing files and information relating to Transferred Contracts, (c) accessing files and information related trademark prosecution, use
and any related files for the Transferred Trademarks, and (d) accessing files and information relating to the Transferred Domain Names, and such other Party shall use commercially reasonable efforts to provide such information or records;
provided that such other Party shall not be required to provide such information or records that are protected by any legal privilege or that constitute a trade secret. 
 6.3 Public Announcement. After the Closing Date, the Parties will reasonably cooperate in drafting and releasing an initial public announcement regarding this Agreement, which in no event shall
include the economic terms hereof. 
 6.4 Cooperation on Tax Matters. Upon the reasonable request of the other Party,
each of Seller and Purchaser shall furnish or cause to be furnished to the other Party, as promptly as commercially practicable, such information and assistance relating to the Purchased Assets, the Retained Liabilities and the Assumed Liabilities
as is reasonably necessary for the preparation and filing of any Tax Return, claim for refund or other required or optional filings relating to Tax matters, for the preparation for any Tax audit, for the preparation for any Tax protest, or for the
prosecution or defense of any suit or other proceeding relating to Tax matters. 
 6.5 Cooperation on Receivables. Each
Party acknowledges and agrees that (a) Seller is entitled to all receivables related to the Purchased Assets, whether pursuant to the Transferred Contracts or otherwise, arising prior to the Closing Date, and (b) Purchaser is entitled to
all receivables related to the Purchased Assets, whether pursuant to the Transferred Contracts or 

  
 9 

 
otherwise, arising on or after the Closing Date. Seller agrees that, after the Closing, it shall hold and shall promptly transfer and deliver to Purchaser, from time to time as and when received
by Seller, any receivables related to the Purchased Assets that Seller receives that properly belong to Purchaser. Purchaser agrees that, after the Closing, it shall hold and shall promptly transfer and deliver to Seller, from time to time as and
when received by Purchaser, any receivables related to the Purchased Assets that Purchaser receives that properly belong to Seller. Upon the reasonable request of the other Party, each of Seller and Purchaser shall furnish or cause to be furnished
to the other Party, as promptly as commercially practicable, such information and assistance as is reasonably necessary to collect any accounts receivable related to the Purchased Assets. 

6.6 Closing. Each of Seller and Purchaser shall use commercially reasonable efforts to have the Closing occur on or before
January 15, 2013. 
 6.7 Noncompetition. Other than as contemplated in Section 6.8, Seller shall
cease the conduct of all business from and after the Closing Date. Subject to Section 6.8, from and after Closing, the Seller shall promptly cease using the names “Phat” or any similar name or any part or abbreviation thereof
in connection with the business, other than with respect to Seller’s legal existence. Within thirty (30) days of the expiration of the six (6) month period set forth in Section 6.8, Seller shall wind-up, liquidate,
dissolve or otherwise cease its legal existence. 
 6.8 Sell-Off. Notwithstanding anything to the contrary contained in
this Agreement or any other agreement between the Parties, until the date that is six (6) months after the Closing Date, Purchaser hereby grants to Seller and its Affiliates a non-exclusive, royalty-free license to, and herby acknowledges and
agrees that Seller and its Affiliates may, without obligation to Purchaser, complete the purchasing, manufacturing, marketing, distribution, selling and similar activities related to the existing, work-in-progress and similar inventory of Baby Phat
and related products of the business. Seller agrees to not begin sourcing any new Baby Phat products after the Closing Date. 

ARTICLE 7 

INDEMNIFICATION 
 7.1 Indemnification by Seller. Subject to the limitations set forth in this Article 7, Seller shall indemnify, defend, and hold harmless Purchaser, Purchaser’s Affiliates and the
Representatives of any of them (collectively, “Purchaser Indemnitees”) from and against any and all Losses any Purchaser Indemnitee may suffer, sustain or become subject to, as a result of, in connection with, relating to,
incidental to, or by virtue of (i) Seller’s breach of any representation, warranty or covenant contained in this Agreement and any action, suit or proceeding arising out of such breach or (ii) the Retained Liabilities, including
Seller’s failure to pay, perform or discharge when due any of the Retained Liabilities, and any action, suit or proceeding arising out of such Retained Liabilities. 
 7.2 Indemnification by Purchaser. Subject to the limitations set forth in this Article 7, Purchaser shall indemnify, defend, and hold harmless Seller, Seller’s Affiliates and the
Representatives of any of the foregoing (collectively, “Seller Indemnitees”) from and against any 

  
 10 

 
and all Losses any Seller Indemnitee may suffer, sustain or become subject to, as a result of, in connection with, relating to, incidental to, or by virtue of (i) Purchaser’s breach of
any representation, warranty or covenant contained in this Agreement and any action, suit or proceeding arising out of such breach or (ii) the Assumed Liabilities, including Purchaser’s failure to pay, perform or discharge when due any of
the Assumed Liabilities, and any action, suit or proceeding arising out of such Assumed Liabilities. 
 7.3 Notice of
Claims. If any Purchaser Indemnitee or Seller Indemnitee (an “Indemnified Party”) believes that it has suffered or incurred any Losses for which it is entitled to indemnification under this Article 7, such Indemnified
Party shall notify the Party from whom indemnification is being claimed (the “Indemnifying Party”) with reasonable promptness and reasonable particularity. If any claim is instituted by or against a third party with respect to which
any Indemnified Party intends to claim indemnification under this Article 7, such Indemnified Party shall promptly notify the Indemnifying Party of such claim. The notice provided by the Indemnified Party to the Indemnifying Party shall
describe the claim (the “Asserted Liability”) in reasonable detail and shall indicate the amount (or an estimate) of the Losses that have been or may be suffered by the Indemnified Party. The failure of an Indemnified Party to give
any notice required by this Section 7.3 shall not affect any of the Indemnified Party’s rights under this Article 7 or otherwise except and to the extent that such failure is materially prejudicial to the rights or
obligations of the Indemnifying Party. 
 7.4 Opportunity to Defend Third Party Claims. If any action indemnifiable under
this Article 7 is brought by a third party against any Indemnified Party, the Indemnifying Party shall be entitled: (a) to participate in such action and (b) to elect, by written notice delivered to the Indemnified Party within
thirty (30) days after the Indemnifying Party’s receipt of notice of the Asserted Liability, to defend, compromise or settle such action, with counsel reasonably satisfactory to the Indemnified Party, it being agreed by the Parties that
Kirkland & Ellis LLP is reasonably acceptable counsel to represent the Seller. The Indemnified Party shall cooperate with respect to any such participation, defense, settlement or compromise. The Indemnified Party shall have the right to
employ its own counsel in any such case, but the fees and expenses of the Indemnified Party’s counsel shall be at the sole expense of the Indemnified Party. The Indemnifying Party shall not settle or compromise any action or consent to the
entry of a judgment without the written consent of the Indemnified Party (which shall not be unreasonably withheld) that: (x) does not provide for the claimant to give an unconditional release to the Indemnified Party in respect of the Asserted
Liability; (y) involves relief other than monetary damages; or (z) places restrictions or conditions on the operation of the business of the Indemnified Party or any of its Affiliates. The Indemnifying Party shall not be liable for any
settlement of any claim or action effected without its written consent. After payment of any Asserted Liability by the Indemnifying Party, the Indemnified Party, if requested by the Indemnifying Party, shall assign to the Indemnifying Party all
rights the Indemnified Party may have against any applicable account debtor or other responsible Person in respect of the Asserted Liability. If the Indemnifying Party chooses to defend any Asserted Liability, the Indemnified Party shall make
available to the Indemnifying Party any books, records or other documents within its control that are necessary or appropriate for such defense; provided, that such distribution of such books, records or other documents would not breach privilege,
confidentiality or other advisory protection. 

  
 11 

 7.5 EXCLUSION OF CONSEQUENTIAL DAMAGES. NEITHER PARTY WILL BE LIABLE TO THE OTHER
PARTY, UNDER ANY LEGAL OR EQUITABLE THEORY, FOR ANY CONSEQUENTIAL, PUNITIVE, INCIDENTAL, SPECIAL OR INDIRECT DAMAGES OF ANY KIND, INCLUDING LOSSES RELATING TO GOODWILL, DIMINUTION IN VALUE, AND ENTERPRISE VALUE, SUFFERED BY OR OTHERWISE COMPENSABLE
TO THE OTHER, ARISING OUT OF, UNDER OR RELATING TO THIS AGREEMENT, WHETHER OR NOT ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. 

7.6 Limitation of Liability. Seller shall be liable to the Purchaser Indemnitees for any Losses covered by
Section 7.1(i) up to a maximum aggregate liability of Five Hundred Thirty Five Thousand and 00/100 Dollars ($535,000.00). For avoidance of doubt, Seller shall be liable to the Purchaser Indemnitees for any and all Losses covered by
Section 7.1(ii) without any limitation as to the maximum aggregate liability. Purchaser shall be liable to the Seller Indemnitees for any Losses covered by Section 7.2(i) up to a maximum aggregate liability of Five Hundred
Thirty Five Thousand and 00/100 Dollars ($535,000.00). For avoidance of doubt, Purchaser shall be liable to the Seller Indemnitees for any and all Losses covered by Section 7.2(ii) without any limitation as to the maximum aggregate
liability. The provisions of this Article 7 shall survive Closing and shall be the sole and exclusive remedy available to the Seller Indemnitees and the Purchaser Indemnitees after the Closing Date for any breach of any representation or
warranty contained in this Agreement and any action, suit or proceeding arising out of such breach. 
 7.7 Effect of
Insurance. The amount of any Losses for which indemnification is provided under this Article 7 shall be reduced by the insurance proceeds received and any other amount, if any, recovered from third parties by the Indemnified Party (or its
Affiliates) with respect to any Losses. If any Indemnified Party shall have received any indemnification payment pursuant to this Article 7 with respect to any Loss, such Indemnified Party shall, upon written request by the Indemnifying
Party, assign to such Indemnifying Party (to the extent of the indemnification payment) any claim which such Indemnified Party may have under any applicable insurance policy which provides coverage for such Loss to the extent of such indemnification
payment. Such Indemnified Party shall reasonably cooperate (at the expense of the Indemnifying Party) to collect under such insurance policy. If any Indemnified Party shall have received any payment pursuant to this Article 7 with respect to
any Loss and has or shall subsequently have received insurance proceeds or other amounts with respect to such Loss, then such Indemnified Party shall promptly pay to the Indemnifying Party the amount so recovered (after deducting the amount of the
expenses incurred by it in procuring such recovery), but not in excess of the amount previously so paid by the Indemnifying Party. 
 7.8 No Additional Representations or Warranties. THE REPRESENTATIONS AND WARRANTIES EXPRESSLY SET FORTH IN THIS AGREEMENT ARE THE ONLY REPRESENTATIONS OR WARRANTIES GIVEN BY THE PARTIES. PURCHASER
HEREBY ACKNOWLEDGES THAT, PRIOR TO THE CLOSING DATE, IT WILL HAVE CONDUCTED, OR HAD THE OPPORTUNITY TO CONDUCT, ITS OWN INSPECTION AND INVESTIGATION OF THE PURCHASED ASSETS AND, EXCEPT WITH RESPECT TO THE REPRESENTATIONS AND WARRANTIES OF SELLER
EXPRESSLY SET FORTH IN THIS AGREEMENT, IS PURCHASING THE PURCHASED ASSETS ON AN “AS-IS, WHERE-IS, WITH ALL FAULTS” BASIS WITH NO REPRESENTATIONS OR 

  
 12 

 
WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WITH RESPECT TO VALIDITY, ENFORCEABILITY, USEFULNESS, INFRINGEMENT, MERCHANTABILITY, AND FITNESS FOR A PARTICULAR PURPOSE. 

7.9 Purchase Price Adjustments. To the extent permitted by law, any amounts payable under this Article 7 shall be treated
by the Parties as an adjustment to the Purchase Price. 
 ARTICLE 8 

TERM 
 8.1
Termination: This Agreement may be terminated at any time prior to the Closing Date: 
 (a) by either Party, if the
Closing shall not have occurred by January 15, 2013; provided, however, that such date may be extended by Seller and Purchaser upon mutual agreement; 
 (b) by Seller, if Purchaser shall have materially breached any of its representations, warranties, covenants or agreements contained in this Agreement, which breach cannot be or has not been cured within
ten (10) Business Days after the giving of written notice by Seller to Purchaser specifying such breach; 
 (c) by
Purchaser, if Seller shall have materially breached any of its representations, warranties, covenants or agreements contained in this Agreement, which breach cannot be or has not been cured within ten (10) Business Days after the giving of
written notice by Purchaser to Seller specifying such breach; or 
 (d) by the mutual written consent of Seller and Purchaser.

 8.2 Effect of Termination. In the event of termination of this Agreement as provided in Section 8.1, this
Agreement shall forthwith become void and there shall be no liability on the part of either Party; provided, however, that in the event this Agreement is terminated (other than pursuant to Section 8.1(c) or Section 8.1(d)),
then in addition to whatever other rights Seller may have against Purchaser, Seller shall be entitled to retain the Deposit and all interest thereon. In the event of termination of this Agreement pursuant to Section 8.1(c) or
Section 8.1(d), and provided that Purchaser or any Affiliate of Purchaser is not then in breach of Purchaser’s obligations hereunder or Purchaser’s or any such Affiliate’s obligations under the License Agreement by and
between Seller and Purchaser’s Affiliate Anthony L&S LLC, dated June 16, 2012 or Purchaser’s or any such Affiliate’s obligations under the Co-Existence Agreement by and between Seller and Purchaser, dated July 15, 2012,
Seller will return the Deposit to Purchaser within ten (10) Business Days of such termination. The return of the Deposit by Seller shall be Purchaser’s sole remedy in the event of a breach of Seller’s obligation hereunder. The Parties
acknowledge and agree, for the avoidance of doubt, that Seller shall not be obligated to return the Deposit to Purchaser for any reason (including the failure of any condition contained in Section 3.3 to be satisfied) other than as set
forth in this Section 8.2. 
 8.3 Term. Notwithstanding anything to the contrary in this Agreement, Article 4
and Article 5 of this Agreement (including for the avoidance of doubt, any indemnification 

  
 13 

 
obligations set forth in Article 7 with respect to Article 4 and Article 5 of this Agreement) shall expire on the date that is twelve (12) months following the Effective
Date (the “Term”). For the avoidance of doubt, nothing in this Section 8.3 shall affect either Party’s indemnification obligations for Retained Liabilities or Purchaser’s indemnification obligations for Assumed
Liabilities, which shall remain in effect for the applicable limitations period under applicable law. 
 ARTICLE 9

 MISCELLANEOUS 
 9.1 Entire Agreement. This Agreement and schedules attached hereto set forth the entire agreement among the Parties as it relates to the subject matter hereof, and such document replaces,
supersedes and nullifies any and all prior agreements, drafts, statements, promises, proposals, representations, understandings and negotiations, written or not, relating to the same (but not, for the avoidance of doubt, any agreements between the
Parties entered into simultaneously with or pursuant to this Agreement). Prior drafts of this Agreement shall not be admissible or construed as evidence regarding the intent of the Parties. 

9.2 Amendment; Waiver. No modification, amendment, supplement to or waiver of any provision of this Agreement will be binding upon
the Parties unless made in a writing signed by both Parties. A failure of a Party to exercise any right provided for herein shall not be deemed to be a waiver of any right hereunder. 

9.3 No Further Actions. Except as specifically provided for in this Agreement, including but not limited to Sections 6.1 and 6.2,
nothing herein shall require either Party, after the Closing Date, to deliver any further instruments or documents or take any further action with respect to this Agreement or the subject matter hereof. 

9.4 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York
(regardless of the laws that might otherwise govern under applicable New York principles of conflicts of law) as to all matters. 
 9.5 Arbitration. Any dispute arising under, or related to, this Agreement that cannot be resolved by the Parties within thirty (30) Business Days following notice of such dispute from one
Party to the other, unless such timeframe is extended by mutual consent of the Parties, shall be submitted by the Parties to binding arbitration administered by the American Arbitration Association in accordance with its Commercial Arbitration
Rules. The arbitration shall be heard and determined by a panel of three (3) arbitrators, each of whom shall be a disinterested attorney having experience and familiarity with asset sales. Each Party shall choose one (1) arbitrator, with
the third arbitrator chosen by agreement of the two (2) arbitrators chosen by the Parties. In the event the two (2) arbitrators chosen by the Parties cannot agree on a third arbitrator, such third arbitrator shall be selected by the
American Arbitration Association. The decision of a majority of the arbitrators shall be final and binding on the Parties. The arbitration proceeding shall occur in New York, New York. Each Party shall bear its own costs relating to such
arbitration, and the Parties shall equally share the arbitrators’ fees and expenses. The arbitration and all related proceedings and discovery shall take place pursuant to a protective order entered by the arbitrators that adequately protects
the confidential nature of the Parties’ respective 

  
 14 

 
confidential information. In no event shall any arbitration award provide a remedy beyond those permitted under this Agreement, and any award providing a remedy beyond those permitted under this
Agreement shall not be confirmed, no presumption of validity shall attach, and such award shall be vacated. In the event either Party attempts to challenge the final or binding nature of the arbitration panel, the Parties each agree, without
admitting that any such challenge is permissible or otherwise has merit, that the exclusive venue for any such challenge shall be in the U.S. federal district courts located in the State of New York as a court of first instance. The Parties each
agree to the exclusive jurisdiction of such courts with respect to any such claim, and waive personal service of any and all process upon them, and consent that all services of process be made by registered mail, directed to them at their address as
set forth in Section 9.10, and service so made shall be deemed to be completed when deemed received as provided in Section 9.10. The Parties each waive any objection based on forum non conveniens and waive any objection to
venue of any action instituted hereunder. Nothing in this Section 9.5 shall affect the right of the Parties to serve legal process in any other manner permitted by law or to file to enforce any judgment against another Party or Person in
any jurisdiction where such Party or Person has assets. 
 9.6 Assignment; Binding Nature. This Agreement may not be
assigned by Purchaser without Seller’s prior written consent, which shall not be unreasonably withheld. This Agreement may be assigned by Seller without Purchaser’s prior written consent in connection with a Change in Control of Seller, to
an Affiliate of Seller, or to a lender for purposes of collateral security. This Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective successors and permitted assigns. 

9.7 No Third Party Beneficiaries. Except with respect to Article 7, this Agreement is solely for the benefit of the Parties
hereto and no provision of this Agreement shall be deemed to confer upon any third Person any rights, remedies, claims or causes of action. 
 9.8 Interpretation; Construction. The definitions in Article 1 shall apply equally to both the singular and plural forms of the terms defined. The words “include”,
“includes” and “including” shall be deemed to be followed by the phrase “but not limited to.” The article and section headings contained in this Agreement are for convenience of reference only and shall not serve to
limit, expand or interpret the articles and sections to which they apply, and shall not be deemed to be a part of this Agreement. Words such as “herein”, “hereof”, “hereto”, and “hereunder” refer to this
Agreement. The Parties have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises this Agreement shall be construed as if jointly drafted by the Parties and
no presumption or burden of proof shall arise favoring or disfavoring a Party by virtue of the authorship of any provision of this Agreement. 
 9.9 Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any law or public policy, all other terms or provisions of this Agreement
shall nevertheless remain in full force and effect so long as the economic or legal substance of the transaction herein is not affected in any manner adverse to any Party. Upon such determination that any term or other provision is invalid, illegal,
or incapable of being enforced, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable manner in order than the transaction herein is consummated
as originally contemplated to the greatest extent possible. 

  
 15 

 9.10 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 Days
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: 
  

					
		  	To Seller:	  	To Purchaser:
			
		  	Phat Fashions, LLC	  	Baby Phat Holding Company LLC
		  	600 Kellwood Parkway	  	1400 Broadway, Suite 1405
		  	Chesterfield, MO 63017	  	New York, NY 10018
		  	Attn: Keith A. Grypp	  	Attn: Anthony LoConte
		  	Facsimile: (314) 576-3388	  	Facsimile: 212-386-7660
		  	Email: keith.grypp@kellwood.com	  	Email: tonylo@alsusa.com

 With a simultaneous copy, which shall not constitute notice, to: 

 

					
		  	Kirkland & Ellis LLP	  	Gordon, Herlands,
		  		  	Randolph & Cox LLP
		  	300 North LaSalle	  	355 Lexington Avenue
		  	Chicago, IL 60654	  	New York, New York 10017
		  	Attn:  Douglas C. Gessner, P.C.	  	Attn: William H. Cox
		  	          and Jeremy S. Liss	  	
		  	Facsimile: (312) 862-2200	  	Facsimile: 212-983-0772
		  	Email: douglas.gessner@kirkland.com,	  	Email: wcox@gordonherlands.com
		  	            jeremy.liss@kirkland.com	  	
		  		  	and
			
		  		  	Anthony Siniscalchi, CPA
		  		  	A. Uzzo & Company, C.P.A.’s, P.C.
		  		  	287 Bowman Avenue
		  		  	Purchase, NY 10577
		  		  	Facsimile: (914) 694-9017
		  		  	Email: asiniscalchi@auzzo.com

  
 16 

 9.11 Counterparts; Facsimile. This Agreement may be executed in one or more
counterparts, each of which shall be considered one and the same document. This Agreement may also be executed by facsimile or by .pdf, .tif, .gif, .peg or similar attachment to electronic mail. If a Party signs this Agreement and then transmits an
electronic facsimile of the signature page to any other Party, that Party who receives the transmission may rely upon the electronic facsimile as a signed original of this Agreement. 

9.12 Expenses. All costs of transferring the Purchased Assets in accordance with this Agreement, including recordation, transfer,
and documentary taxes and fees, and any other taxes (other than taxes on Seller’s income), shall be paid by Purchaser. Except as otherwise provided in this Agreement, each of Seller and Purchaser shall bear its own expenses, including
attorneys’ fees, incurred in connection with the negotiation and execution of this Agreement and each other agreement, document and instrument contemplated by this Agreement and the consummation of the transaction contemplated hereby.

 9.13 No Brokers. Seller and Purchaser represent and warrant that no broker or finder other than Susman Partners a/k/a
Threadstone Advisors (“Threadstone”) has been involved or engaged by it in connection with this Agreement, and each hereby agree to indemnify and save harmless the other from and against any and all, other than with respect to
Threadstone, broker’s or finder’s fees, commissions or similar charges incurred or alleged to have been incurred by the indemnifying Party in connection with this Agreement and any and all loss, liability, cost or expense (including
reasonable attorneys’ fees) arising out of any claim that the Indemnifying Party incurred any such fees, commissions or charges. 
 9.14 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY LITIGATION, 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 SUCH PARTY IN THE NEGOTIATION,
AUTHORIZATION, EXECUTION, DELIVERY, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT HEREOF. 

*  *  *  *  * 

  
 17 

 IN WITNESS WHEREOF, the Parties hereto have caused this Purchase Agreement to be executed
and delivered by their respective duly authorized representatives as of the Effective Date. 
  

									
	PHAT FASHIONS, LLC	 		 	BABY PHAT HOLDING COMPANY, LLC
					
	By	 	  
	 		 	By	 	 /s/ Anthony LoConte

	Name:	 	  
	 		 	Name:	 	 Anthony LoConte

	Its:	 	  
	 		 	Its:	 	 Manager

 Agreed and acknowledged solely with respect to the last sentence in Section 6.1:  

 

									
	KELLWOOD COMPANY	 		 		 	
					
	By	 	  
	 		 		 	
	Name:	 	  
	 		 		 	
	Its:	 	  
	 		 		 	

 Signature Page to Purchase Agreement 

 IN WITNESS WHEREOF, the Parties hereto have caused this Purchase Agreement to be executed
and delivered by their respective duly authorized representatives as of the Effective Date. 
  

									
	PHAT FASHIONS, LLC	 		 	BABY PHAT HOLDING COMPANY, LLC
					
	By	 	 /s/ Michael M. Saunders
	 		 	By	 	  

	Name:	 	 Michael M. Saunders
	 		 	Name:	 	  

	Its:	 	 SVP & COO
	 		 	Its:	 	  

 Agreed and acknowledged solely with respect to the last sentence in Section 6.1:  

 

									
	KELLWOOD COMPANY	 		 		 	
					
	By	 	 /s/ Michael M. Saunders
	 		 		 	
	Name:	 	 Michael M. Saunders
	 		 		 	
	Its:	 	 SVP & COO
	 		 		 	

 Signature Page to Purchase Agreement 

 Schedule A 

TRANSFERRED CONTRACTS 
 [On file with the Company] 

 [On file with the Company] 

 Schedule B 

INTELLECTUAL PROPERTY 
 Domestic Trademarks: 
  

											
	 Trademark
	  	 Owner
	  	 Status in
 Trademark

Office
	  	 Federal
 Registration

Number
	  	 Registration Date
	  	 Class

						
	

	  	Phat Fashions LLC	  	Registered	  	3,735,330	  	1/5/2010	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	3,759,361	  	3/9/2010	  	21
						
	

	  	Phat Fashions LLC	  	Registered	  	3,624,700	  	5/19/2009	  	26
						
	

	  	Phat Fashions LLC	  	Registered	  	3,233,844	  	4/24/2007	  	9
						
	

	  	Phat Fashions LLC	  	Registered	  	3,240,184	  	5/8/2007	  	9
						
	

	  	Phat Fashions LLC	  	Registered	  	2,440,358	  	4/3/2001	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	2,538,563	  	2/12/2002	  	18
						
	

	  	Phat Fashions LLC	  	Registered	  	3,037,296	  	1/3/2006	  	25

											
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,613,885	  	4/28/2009	  	26
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,701,862	  	10/27/2009	  	24
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,591,599	  	3/17/2009	  	16
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,181,285	  	2/21/2006	  	6
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,220,372	  	3/20/2007	  	9
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,386,191	  	2/19/2008	  	35
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	2,240,881	  	4/20/1999	  	25
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	2,538,494	  	2/12/2002	  	18
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	2,736,998	  	7/15/2003	  	14
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	2,811,059	  	2/3/2004	  	9
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,004,138	  	10/4/2005	  	25
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,051,588	  	1/24/2006	  	14
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,060,441	  	2/21/2006	  	9
						
	

	  	Phat Fashions LLC	  	Registered	  	3,000,181	  	9/27/2005	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	3,743,384	  	10/26/2009	  	24
						
	

	  	Phat Fashions LLC	  	Registered	  	3,723,824	  	12/8/2009	  	21
						
	

	  	Phat Fashions LLC	  	Registered	  	3,600,115	  	3/31/2009	  	3
						
	

	  	Phat Fashions LLC	  	Registered	  	2,303,780	  	12/28/1999	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	3,004,685	  	10/4/2005	  	14
						
	

	  	Phat Fashions LLC	  	Registered (South Carolina)	  	SCO12501	  	6/28/2001	  	25

											
						
	

	  	Phat Fashions LLC	  	Registered	  	3,759,401	  	3/9/2010	  	3
						
	

	  	Phat Fashions LLC	  	Registered	  	3,735,329	  	1/5/2010	  	24
						
	

	  	Phat Fashions LLC	  	Registered	  	3,723,825	  	12/8/2009	  	21
						
	

	  	Phat Fashions LLC	  	Registered	  	3,551,930	  	12/23/2008	  	20
						
	

	  	Phat Fashions LLC	  	Registered	  	3,109,678	  	6/27/2006	  	9
						
	

	  	Phat Fashions LLC	  	Registered	  	2,429,559	  	2/20/2001	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	2,541,251	  	2/19/2002	  	18
						
	

	  	Phat Fashions LLC	  	Registered	  	2,881,224	  	917/2004	  	9
						
	

	  	Phat Fashions LLC	  	Registered	  	3,000,182	  	9/27/2005	  	25

											
						
	

	  	Phat Fashions LLC	  	Registered	  	3,006,170	  	10/11/2005	  	14
						
	BABY PHAT GIRLZ	  	Phat Fashions LLC	  	Registered	  	3,149,054	  	9/26/2006	  	25
						
	BABY PHAT GIRLZ	  	Phat Fashions LLC	  	Registered	  	2,557,269	  	4/2/2002	  	25
						
	BABY PHAT GIRLZ	  	Phat Fashions LLC	  	Registered	  	2,867,090	  	7/27/2004	  	18
						
	BABY PHAT GODDESS	  	Phat Fashions LLC	  	Registered	  	3,512,917	  	10/7/2008	  	3
						
	

	  	Phat Fashions LLC	  	Registered	  	3,512,918	  	10/7/2008	  	3
						
	BABY PHAT GOLDEN GODDESS	  	Phat Fashions LLC	  	Registered	  	3,366,942	  	1/8/2008	  	3
						
	

	  	Phat Fashions LLC	  	Registered	  	3,374,112	  	1/22/2008	  	3
						
	BABY PHAT SEDUCTIVE GODDESS	  	Phat Fashions LLC	  	Registered	  	3,860,529	  	10/12/2010	  	3
						
	PHAT	  	Phat Fashions LLC	  	Registered	  	2,372,748	  	8/1/2000	  	25

 Domestic Copyrights: 

 

									
	 Title
	  	 Owner
	  	 Status in
 Copyright

Office
	  	 Federal
 Registration

Number
	  	 Registration Date

					
	“Baby Phat” and Cat Design	  	Phat Fashions, LLC	  	Registered	  	VA-852-101	  	11/25/1998
					
	Baby Phat Crown Badge	  	Phat Fashions, LLC	  	Registered	  	VA-0001622877	  	10/29/2007
					
	Baby Phat Crown Burst	  	Phat Fashions, LLC	  	Registered	  	VA-0001622872	  	10/29/2007

 Foreign Trademarks: 
  

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
 Trademark

Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Argentina	  	Pending	  	[s/n 3,045,665]	  	[filed
11/11/2010]	  	25	  	In January of 2012, application was opposed by Empresas CMPC S.A. on the basis that it is confusingly similar to its own applications or registrations for the marks BABY SEC,
BABYSEC BASIO, BABYSEC, and BABY SEC LO HIZO. Instructed counsel to initiate negotiations with opponent and argue that several applications for marks containing the word “BABY” have registered in the Argentinian Trademark
Office.
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Australia	  	Registered	  	774453	  	9/30/1998	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Australia	  	Registered	  	1,066,407	  	7/11/2005	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Bahrain	  	Registered	  	44076	  	4/10/2005	  	18	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Bahrain	  	Registered	  	44077	  	4/10/2005	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
 Trademark

Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	PHAT	  	 Phat
 Fashions

LLC
	  	Benelux	  	Renewed	  	552164	  	4/27/1994	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Bolivia	  	Registered	  	87321-C	  	7/16/2002	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Brazil	  	 Pending

(Suspended)
	  	[s/n
821.880.675]	  	[filed
8/2/1999]	  	25	  	This application is being kept in abeyance until final decisions rendered with respect to Application Nos. 821.346.300 for PHAT FARM and 821.346.326 for THE PHAT FARM NYC FINE
QUALITY AUTHENTIC FLY GOODS. These applications are being kept in abeyance until a final decision is rendered with respect to Application No. 820.033.146 for FARM RIO in Class 25. Counsel filed a petition to disassociate the BABY PHAT application
from the PHAT FARM applications, but as of March 2011, no response had been received from the Trademark Office.
	

	  	 Phat
 Fashions

LLC
	  	Brazil	  	Pending	  	[s/n
 830.448.829]
	  	[filed
 11/27/2009]
	  	25	  	The granting of this application was published in the Official Gazette on August 21, 2012. Counsel paid the registration fees, and the registration certificate is
forthcoming.
	

	  	 Phat
 Fashions

LLC
	  	Brazil	  	Pending	  	[s/n
 830.448.810]
	  	[filed
 11/27/2009]
	  	14	  	The granting of this application was published in the Official Gazette on August 21, 2012. Counsel paid the registration fees, and the registration certificate is
forthcoming.
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Bulgaria	  	Registered	  	64975	  	5/12/2008	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Bulgaria	  	Registered	  	64976	  	5/12/2008	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
 Trademark

Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	

	  	 Phat
 Fashions

LLC
	  	Bulgaria	  	Registered	  	64977	  	5/12/2008	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Bulgaria	  	Registered	  	62247	  	12/3/2007	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Canada	  	Registered	  	760154	  	2/24/2010	  	3	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Canada	  	Registered	  	557141	  	1/30/2002	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Canada	  	Registered	  	760461	  	2/26/2010	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Canada	  	Registered	  	761902	  	3/17/2010	  	9, 18,
 25
	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Canada	  	Registered	  	762606	  	3/24/2010	  	9, 18,
 25
	  	N/A
	BABY PHAT GODDESS	  	 Phat
 Fashions

LLC
	  	Canada	  	Registered	  	722944	  	9/4/2008	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Canada	  	Registered	  	772952	  	9/4/2008	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Canada	  	Registered	  	761903	  	3/17/2010	  	9, 18,
25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Chile	  	Registered	  	879694	  	1/18/2000	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,924,866	  	3/28/2009	  	3	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,924,867	  	2/14/2009	  	14	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
 Trademark

Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	1,358,532	  	1/28/2000	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	6,553,521	  	6/21/2010	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	6,553,522	  	6/21/2010	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,518,596	  	12/14/2008	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,518,595	  	2/7/2009	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,518,708	  	5/28/2008	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Pending	  	[s/n
6,848,582]	  	[filed
 7/18/2008]
	  	25	  	In March of 2010, the application was refused, and so Phat filed a review of the refusal in April of 2010. The examination of Phat’s application for review of the refusal is
still pending.
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,518,597	  	5/28/2008	  	14	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	 Pending

(Suspended)
	  	[s/n
4,518,709]	  	[filed
 3/1/2005]
	  	9	  	In August of 2007, the application was refused, and so Phat filed a review of the refusal. The examination of Phat’s application for review of the refusal is still
pending.

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
 Trademark

Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Pending	  	[s/n
6,848,581]	  	[filed
 7/18/2008]
	  	25	  	In March of 2010, the application was refused, and so Phat filed a review of the refusal in April of 2010. The examination of Phat’s application for review of the refusal is
still pending.
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	 Pending

(Suspended)
	  	[s/n
4,518,593]	  	[filed
 3/1/2005]
	  	9	  	In August of 2007, the application was refused, and so Phat filed a review of the refusal. The examination of Phat’s application for review of the refusal is still
pending.
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,518,590	  	2/7/2009	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,518,594	  	5/28/2008	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,518,592	  	5/28/2008	  	14	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,518,591	  	12/14/2008	  	18	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Colombia	  	Registered	  	235387	  	4/27/2001	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Cyprus, Republic of	  	Registered	  	71302	  	4/14/2005	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Cyprus, Republic of	  	Registered	  	71301	  	4/14/2005	  	18	  	N/A
	PHAT	  	 Phat
 Fashions

LLC
	  	Denmark	  	Renewed	  	4608/94	  	7/8/1994	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
 Trademark

Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 Dominican

Republic
	  	Registered	  	107843	  	10/30/1999	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 Dominican

Republic
	  	Registered	  	107837	  	10/30/1999	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Ecuador	  	Registered	  	3430-00	  	6/26/2000	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Egypt	  	Registered	  	201585	  	9/8/2009	  	18	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Egypt	  	Registered	  	201586	  	5/23/2007	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	El Salvador	  	Registered	  	144 Book
136	  	8/10/2001	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 European

Community
	  	Registered	  	000881524	  	10/13/1999	  	9, 18,
 25
	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 European

Community
	  	Registered	  	004923553	  	3/29/2007	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 European

Community
	  	Registered	  	004643342	  	9/20/2005	  	9, 18,
25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 European

Community
	  	Registered	  	004923777	  	3/30/2007	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 European

Community
	  	Registered	  	004643375	  	8/2/2007	  	9, 18,
 25
	  	N/A
	PHAT	  	 Phat
 Fashions

LLC
	  	France	  	Registered	  	93/481938	  	8/31/1993	  	9, 25,
 42
	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Guatemala	  	Registered	  	104571	  	5/23/2000	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Honduras	  	Registered	  	99956	  	2/21/2007	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
 Trademark

Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	300498736	  	9/21/2005	  	3, 14	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	301048590	  	2/11/2008	  	18	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	200215781	  	8/26/1998	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	301048608	  	2/11/2008	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	300498727	  	9/21/2005	  	3, 14	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	3004497944	  	9/20/2005	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	301048617	  	2/11/2008	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	300498718	  	9/21/2005	  	3, 14	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	301048626	  	2/11/2008	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	300497935	  	9/20/2005	  	25	  	N/A
	PHAT	  	 Phat
 Fashions
LLC
	  	Hong Kong	  	Renewed	  	3613/95	  	4/26/1993	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
 Trademark

Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	 Phat
 Fashions

LLC
	  	India	  	Registered	  	1,275,909	  	1/17/2006	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Indonesia	  	Pending	  	[s/n
 D00.2009.0006

75]
	  	[filed
 1/9/2009]
	  	25	  	In August of 2010, the Indonesian Trademark Office rejected this application due to its similarity to the prior trademark application (No. D002007014087) for BABYPHAT and Device
filed by Rosni Kosman. Phat filed an opposition to this application as well as a response to the office action on September 2, 2010 and is still awaiting a decision.
	

	  	 Phat
 Fashions

LLC
	  	Indonesia	  	Pending	  	[s/n
 D00.2009.0006

76]
	  	[filed
 1/9/2009]
	  	18	  	In August of 2010, the Indonesian Trademark Office rejected this application due to its similarity to the prior trademark application (No. D002007014087) for BABYPHAT and Device
filed by Rosni Kosman. Phat filed an opposition to this application as well as a response to the office action on September 2, 2010 and is still awaiting a decision.
	

	  	 Phat
 Fashions

LLC
	  	 International

Registration
 (Madrid

Protocol)
	  	Registered	  	IR 905391	  	3/3/2006	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 International

Registration
 (Madrid

Protocol)
	  	Registered	  	IR 882532	  	2/22/2006	  	3	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
 Trademark

Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	

	  	 Phat
 Fashions

LLC
	  	Italy	  	Registered	  	1432026	  	3/10/2011	  	25	  	N/A
	PHAT	  	 Phat
 Fashions

LLC
	  	Italy	  	Renewed	  	00695475	  	5/3/1994	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Japan	  	Registered	  	4692771	  	7/18/2003	  	14, 18	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Japan	  	Registered	  	4293397	  	7/9/1999	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Japan	  	Registered	  	5101609	  	12/28/2007	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Japan	  	Registered	  	5170939	  	10/3/2008	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Japan	  	Registered	  	4896783	  	9/22/2005	  	3, 9,
 14,
 18, 25
	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Japan	  	Registered	  	4896782	  	9/22/2005	  	3, 9	  	N/A
	PHAT	  	 Phat
 Fashions

LLC
	  	Japan	  	Renewed	  	3370202	  	9/11/1998	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Jordan	  	Registered	  	91564	  	4/10/2007	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Jordan	  	Registered	  	91563	  	4/10/2007	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Korea, Republic of	  	Registered	  	0458243	  	11/9/1999	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
 Trademark

Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Korea, Republic of	  	Registered	  	40-0678282	  	9/14/2006	  	3, 14	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Korea, Republic of	  	Registered	  	40-0664997	  	6/5/2006	  	3, 9,
 14,
 18, 25
	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Korea, Republic of	  	Registered	  	40-0664996	  	6/5/2006	  	3, 9,
 14,
 18, 25
	  	N/A
	PHAT	  	 Phat
 Fashions

LLC
	  	Korea, Republic of	  	Renewed	  	315203	  	6/10/1995	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Kuwait	  	Registered	  	59255	  	5/28/2005	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Kuwait	  	Registered	  	58934	  	5/28/2005	  	18	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Lebanon	  	Registered	  	110636	  	4/17/2007	  	18, 25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Macao	  	Registered	  	19197	  	2/9/2006	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Macao	  	Registered	  	19203	  	2/9/2006	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Macao	  	Registered	  	19202	  	2/9/2006	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Mexico	  	Registered	  	910763	  	11/28/2005	  	9	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
 Trademark

Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Mexico	  	Registered	  	878711	  	4/27/2005	  	3	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Mexico	  	Renewed	  	589794	  	8/20/1998	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Mexico	  	Registered	  	1196685	  	1/14/2011	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Mexico	  	Registered	  	912979	  	12/8/2005	  	9	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Mexico	  	Registered	  	878135	  	4/26/2005	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Mexico	  	Registered	  	1083925	  	2/12/2009	  	9	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Mexico	  	Registered	  	1131983	  	11/26/2009	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Mexico	  	Pending	  	[s/n
911173]	  	[filed
 2/2/2008]
	  	25	  	This application was rejected due to the trademark registration (No. 977592) for LADY PARIS and Cat Design (see below for further detail on the Cancellation Action that Phat
Fashions filed against this registration).
	

	  	 Phat
 Fashions

LLC
	  	Mexico	  	Registered	  	912980	  	12/8/2005	  	9	  	N/A
	BABY PHAT	  	 Phat
 Fashions
LLC
	  	New Zealand	  	Renewed	  	297097	  	8/24/1998	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
 Trademark

Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	

	  	 Phat
 Fashions

LLC
	  	 New
 Zealand
	  	Registered	  	732424	  	7/11/2005	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Nicaragua	  	Registered	  	46047 C.C.	  	1/5/2001	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Norway	  	Registered	  	202429	  	4/17/2000	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Norway	  	Registered	  	237042	  	1/2/2007	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Norway	  	Registered	  	237043	  	1/2/2007	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Norway	  	Registered	  	237045	  	1/2/2007	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Oman	  	Registered	  	43811	  	1/30/2008	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Oman	  	Registered	  	43810	  	11/11/2007	  	18	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Panama	  	Registered	  	102243	  	8/13/1999	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Paraguay	  	Registered	  	222339	  	2/7/2000	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Peru	  	Registered	  	058267	  	10/15/1999	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
 Trademark

Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	

	  	 Phat
 Fashions

LLC
	  	Peru	  	Registered	  	176049	  	5/23/2011	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Peru	  	Registered	  	175423	  	3/31/2011	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Qatar	  	Registered	  	44406	  	4/25/2007	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Qatar	  	Registered	  	44407	  	4/25/2007	  	18	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Romania	  	Registered	  	074184	  	1/11/2006	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Romania	  	Registered	  	074185	  	1/11/2006	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Romania	  	Registered	  	074176	  	1/11/2006	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Romania	  	Registered	  	074186	  	1/11/2006	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 Russian

Federation
	  	Registered	  	276912	  	10/21/2004	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 Russian

Federation
	  	Registered	  	321362	  	2/19/2007	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 Russian

Federation
	  	Registered	  	269478	  	5/31/2004	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
 Trademark

Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	

	  	 Phat
 Fashions

LLC
	  	 Russian

Federation
	  	Registered	  	322147	  	3/12/2007	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 Saudi
 Arabia
	  	Registered	  	996/75	  	6/19/2008	  	18	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 Saudi
 Arabia
	  	Registered	  	955/10	  	11/10/2007	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Pending	  	[s/n
 2004/01908]
	  	[filed
 2/11/2004]
	  	14	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and
18.
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Pending	  	[s/n
 2004/01910]
	  	[filed
 2/11/2004]
	  	25	  	 This application has been rejected by the Registrar due to the following registrations:

 

•        2002/01162 PHAT HAIR in Class 3 in the name of Designer
Group (Pty) Ltd.
  

•        2002/19607 PHAT FARM in Class 25 in the name of J & L
Sales CC
  

•        1998/12663 PHAT JOE in Class 25 in the name of Black
Chameleon Entertainment CC
  

•        2001/18594 PHAT in Class 25 in the name of Truworths
Ltd
  

•        2002/00488 PHAT BASTARD in Class 25 in the name of
Alcon Impex (Pty) Ltd
  

•        2003/16633 PHATCAT in Class 25 in the name of Reldann
Properties No. 2 CC

	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Pending	  	[s/n
 2004/01909]
	  	[filed
 2/11/2004]
	  	18	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and
18.

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
 Trademark

Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Pending	  	[s/n
 2004/01907]
	  	[filed
 2/11/2004]
	  	9	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and
18.
	

	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Registered	  	2004/01942	  	8/13/2008	  	9	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Registered	  	2004/01944	  	8/13/2008	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Registered	  	2004/01941	  	8/13/2008	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Registered	  	2004/01945	  	8/13/2008	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Registered	  	2004/01943	  	8/13/2008	  	14	  	N/A
	PHAT	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Pending	  	[s/n
 2004/01899]
	  	[filed
 2/11/2004]
	  	18	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and
18.
	PHAT	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Pending	  	[s/n
 2004/01898]
	  	[filed
 2/11/2004]
	  	14	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and
18.

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
 Trademark

Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	PHAT	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Pending	  	[s/n
 2004/01897]
	  	[filed
 2/11/2004]
	  	9	  	 This application has been rejected by the Registrar due to the following registrations:

 

•        2002/01162 PHAT HAIR in Class 3 in the name of Designer
Group (Pty) Ltd.
  

•        2002/19607 PHAT FARM in Class 25 in the name of J & L
Sales CC
  

•        1998/12663 PHAT JOE in Class 25 in the name of Black
Chameleon Entertainment CC
  

•        2001/18594 PHAT in Class 25 in the name of Truworths
Ltd
  

•        2002/00488 PHAT BASTARD in Class 25 in the name of Alcon
Impex (Pty) Ltd
  

•        2003/16633 PHATCAT in Class 25 in the name of Reldann
Properties No. 2 CC

	PHAT	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Pending	  	[s/n
 2004/01900]
	  	[filed
 2/11/2004]
	  	25	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and
18.
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Sweden	  	Registered	  	337019	  	5/5/2000	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Switzerland	  	Registered	  	470.895	  	10/19/1999	  	25	  	N/A
	

	  	Phat Fashions LLC	  	Switzerland	  	Registered	  	543.074	  	2/23/2006	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Switzerland	  	Registered	  	543.075	  	2/23/2006	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
 Trademark

Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	

	  	 Phat
 Fashions

LLC
	  	Switzerland	  	Registered	  	543.076	  	2/23/2006	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1213413	  	6/16/2006	  	3	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1211505	  	6/1/2006	  	14	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1252965	  	3/1/2007	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1213415	  	6/16/2006	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1211507	  	6/1/2006	  	14	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1346472	  	1/16/2009	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1252970	  	3/1/2007	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1213414	  	6/16/2006	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1211506	  	6/1/2006	  	14	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1252969	  	3/1/2007	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
 Trademark

Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	PHAT	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Renewed	  	626361	  	1/1/1994	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Thailand	  	Registered	  	215635	  	3/23/2005	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Thailand	  	Registered	  	240010	  	2/24/2004	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Turkey	  	Registered	  	2005/08321	  	3/11/2005	  	18, 25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Turkey	  	Registered	  	2002/14586	  	6/13/2002	  	3, 14,
18, 25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Turkey	  	Registered	  	2006/01384	  	1/18/2006	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Turkey	  	Registered	  	2006/01500	  	1/19/2006	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Turkey	  	Registered	  	2006/01498	  	1/19/2006	  	25	  	N/A
	PHAT	  	 Phat
 Fashions

LLC
	  	Turkey	  	Registered	  	2002/14585	  	6/13/2002	  	3, 14,
18, 25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	United Arab Emirates	  	Registered	  	58642	  	3/14/2006	  	18	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	United Arab Emirates	  	Registered	  	58641	  	3/14/2006	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
 Trademark

Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	

	  	 Phat
 Fashions

LLC
	  	United Arab Emirates	  	Registered	  	85293	  	11/26/2007	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 United
 Kingdom

(Madrid
 Protocol)
	  	Registered	  	IR 905391	  	3/3/2006	  	3	  	N/A
	PHAT	  	 Phat
 Fashions

LLC
	  	 United
 Kingdom
	  	Renewed	  	1545530	  	8/19/1993	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Uruguay	  	Registered	  	314.451	  	2/16/2000	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Venezuela	  	Registered	  	P-219.712	  	4/7/2000	  	25	  	N/A

 Other Pending Disputes 

 

			
	  
  
  

 
  

•
	  	An application for the mark

 was filed in Class 9 in China by Applicant, Liu Yiqi (an individual) and given the App. No. 3847273. Phat Fashions filed an opposition against this application which received an Adverse Decision from the Chinese
Trademark Office in July of 2012. Phat Fashions subsequently filed an administrative lawsuit against the Adverse Decision, and such case was accepted by the Beijing No. Intermediate People’s Court in September of 2012 and will soon be
heard.
		
	  
  
  

 
  
  

•
	  	The Mexican Registration in Class 25 for the mark

 is owned by Joel Renteria Martinez (an individual) (Reg. No. 977592). Phat Fashions filed a Cancellation Proceeding against this registration in April 2009. The Cancellation Action was originally rejected because
Phat Fashions’ evidence of use was based on the use of its then-licensee, BP Clothing. This rejection was overcome in October of 2011, but in August of 2012, the Mexican Trademark Office rendered a resolution rejecting the Cancellation Action
once again on the basis that Martinez’s mark was in use in Mexico. This decision was challenged by Phat Fashions in August of 2012 through the filing of an annulment action

	 	with a Federal Administrative Court based on Phat Fashions’ prior use of its mark in Mexico. If a favorable resolution in the annulment action is obtained, the same will be
studied by the Mexican Trademark Office. 

  

	 	•	 	 Kellwood Company received a cease and desist letter from Aeropostale, Inc. dated August 22, 2012, and alleging that BABY PHAT shirts marketed as
“Girls Glitter Heart Tees” were “virtually exact copies of an earlier Aeropostale designed T-shirt.” The letter simply asked for Kellwood’s assurance that it would not resume selling this item or offer other merchandise
copied from Aeropostale designs. As this design was created, manufactured, and distributed by Phat Fashions’ licensee, Parigi Group, Kellwood and Phat have sent the letter to Parigi for handling. 

 

	 	•	 	 Venezuelan Opposition Proceeding Against Kathy Cat Design in cls. 3, 14, 18 and 25 filed by Katherine Rey Sotomayor, Appl. Ser. Nos. 06004607-06004610.
Phat Fashions opposed this application in 2006. A decision is expected to be rendered in 2-3 years. 

  

	 	•	 	 Venezuelan Application for BABY CAT and Cat Design in cl. 25 filed by Habibi Moda C.A., Appl. Ser. No. 2103/2009. Phat Fashions opposed this
application in 2009. A decision is expected to be rendered in 5-6 years. 

  

	 	•	 	 Indian Trademark Application for JUST PHAT in cl. 25 filed by Pooja Thakkar, Appl. Serial No. 1592557. Phat Fashions opposed this application in
December 2009. A decision is expected to be rendered in 2012. 

  

	 	•	 	 Indonesian Trademark Application for BABY PHAT with Cat Design in cl. 18 filed by Rosni Kosman (App. No. D002007014087). Phat Fashions opposed this
trademark application in January 2009 and is awaiting the decision. 

  

	 	•	 	 Indonesian Trademark Opposition against BABY PHAT with Cat Design in cl. 25 filed by Uswah Rudi. Phat Fashions opposed this application in November
2009 and is awaiting a decision. 

  

	 	•	 	 Brazilian Trademark Applications for DSCOLADA with Cat Design in cl. 14, Appl. Serial No. 901780782 and DSCOLADA with Cat Design in cl. 25, Appl.
Serial No. 901780693, both filed by Dscolada Ltda Me. Phat Fashions opposed both applications and awaits the decisions. 

 Schedule C 

DOMAIN NAMES 

Domain Names: 
  

					
	Domain Name	  	Brand	  	Redirect Site
	 	 	 
	 2PHATFASHIONS.COM
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 allcityathletiques.com
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 allcityathletiques.info
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 allcityathletiques.net
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 allcityathletiques.org
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 allcityonline.com
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 allcityonline. info
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 Babe-phat.com
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 Babiephat.com
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 baby-fat.biz
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 babyfat.cc
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 baby-fat.cc
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 baby-fat.tv
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 baby-fat.tv
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 baby-fat-ws
	  	Baby Phat	  	www.babyphat.com

					
	 	 	 
	 babyphat.asia
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 babyphat.biz
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 baby-phat.biz
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 baby-phat.co.uk
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 BabyPhat.com
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 babyphat.com.hk
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 babyphat.com.tw
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 babyphat.de
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 babyphat.hk
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 babyphat.info
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 baby-phat.info
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 babyphat.net
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 babyphat.org
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 babyphat.tw
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 babyphat.us
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 baby-phat.us
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 BabyPhat.XXX
	  	Baby Phat	  	Blocked
	 	 	 
	 babyphat69.com
	  	Baby Phat	  	www.babyphat.com

					
	 	 	 
	 babyphat69.info
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 babyphatapparel.com
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 babyphatbiz.com
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 babyphatboots.com
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 babyphatcatalog.com
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 babyphatclothing.com
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 babyphatclothing.info
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 babyphatclothing.net
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 babyphatclothing.org
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	
babyphatclothingonline.com
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	
babyphatclothingonline.info
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	
babyphatclothingonline.net
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	
babyphatclothingonline.org
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 babyphateyewear.com
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 babyphatfarm.com
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 babyphatgirlz.com
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 babyphatgirlz.info
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 babyphathandbags.com
	  	Baby Phat	  	www.babyphat.com

					
	 	 	 
	 BABYPHATONLINE.COM
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 BABYPHATONLINE.NET
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 babyphatshoes.com
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 babyphatshop.com
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 babyphatskinz.com
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 baby-phat-skinz.com
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 babyphatskinz.info
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 baby-phat-skinz.info
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 bbyp.ht
	  	Baby Phat	  	Blank Site
	 	 	 
	 phat-fashion.biz
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 phat-fashion.cc
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 phatfashion.com
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 phat-fashion.com
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 phat-fashion.info
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 phatfashion.net
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 phat-fashion.net
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 phatfashion.org
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 phat-fashion.org
	  	Baby Phat	  	www.babyphat.com

					
	 	 	 
	 phat-fashion.ws
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 phatfashions.com
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 phatfashions.net
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 phatfashions.org
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 phatphashions.cc
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 phatphashions.tv
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 phatthreads.tv
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 phat-threads.tv
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 phatthreads.us
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 phat-threads.us
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 shopbabyphat.com
	  	Baby Phat	  	www.babyphat.com
	 	 	 
	 TheHouseOfPhat.com
	  	Baby Phat	  	www.babyphat.com

 Schedule D 

DISCLOSURES 

None. 

 Schedule 3.3 

CONSENTS 
  

	 	•	 	 Consent to file Form UCC-3 Release of any Security Interests effective after the funding of the Purchase Price in each case granted under the following
agreements or related documents: 

 Credit Agreement dated as of October 19, 2011, among Kellwood Company
and its domestic subsidiaries from time to time party thereto, the financial institutions party thereto and Wells Fargo Bank, N.A., as agent for the Lenders (as defined therein), as amended, restated, supplemented, refunded, refinanced or otherwise
modified from time to time. 
 Term Loan Agreement dated as of October 19, 2011, among Kellwood Company and its domestic
subsidiaries from time to time party thereto, Cerberus Business Finance, LLC as agent and the lenders from time to time party thereto. 
 Second Amended and Restated Term A Loan Agreement, dated as of April 20, 2012, by and among Kellwood Company and its domestic subsidiaries from time to time party thereto, SCSF Kellwood Finance LLC,
Sun Kellwood Finance, LLC and Sun Kellwood Finance, LLC as collateral agent. 
 Fourth Amended and Restated Term Loan Agreement,
dated as of April 20, 2012, by and among Kellwood Company and its domestic subsidiaries from time to time party thereto, SCSF Kellwood Finance LLC, Sun Kellwood Finance, LLC and Sun Kellwood Finance, LLC as collateral agent. 

12 7/8% second-priority senior secured PIK notes due 2014 issued pursuant to that indenture, dated as of July 23, 2009, by and among
Kellwood Company, as issuer, the guarantors party thereto and Wells Fargo Bank, National Association, as trustee and collateral agent. 
  

	 	•	 	 Consent to Release of Security Interest in Trademarks effective after the funding of the Purchase Price in each case granted by the following
agreements: 

 Trademark Security Agreement dated October 19, 2011 in favor of Sun Kellwood Finance, LLC
and recorded in the USPTO at Reel/Frame 4654/0053 on November 3, 2011. 
 Trademark Security Agreement dated
October 19, 2011 in favor of Cerberus Business Finance, LLC and recorded in the USPTO at Reel/Frame 4645/0127 on October, 2011. 

 Trademark Security Agreement dated July 23, 2009 in favor of Wells Fargo Bank, National
Association and recorded in the USPTO at Reel/Frame 4033/0608 on July 27, 2009. 
 Trademark Security Agreement dated
October 19, 2011 in favor of Wells Fargo Bank, National Association and recorded in the USPTO at Reel/Frame 4644/0496 on October 19, 2011. 

 Schedule 4.8 

ABSENCE OF CONFLICTS 
  

	 	•	 	 Assignment of Distributorship Agreement by and between Phat Fashions, LLC and T2M Fashion dated November 1, 2011. 

 

	 	•	 	 Assignment of Distribution Agreement by and between Kellwood Company and Ossia International Limited dated January 1, 2012.

  

	 	•	 	 Credit Agreement dated as of October 19, 2011, among Kellwood Company and its domestic subsidiaries from time to time party thereto, the financial
institutions party thereto and Wells Fargo Bank, N.A., as agent for the Lenders (as defined therein), as amended, restated, supplemented, refunded, refinanced or otherwise modified from time to time. 

 

	 	•	 	 Term Loan Agreement dated as of October 19, 2011, among Kellwood Company and its domestic subsidiaries from time to time party thereto, Cerberus
Business Finance, LLC as agent and the lenders from time to time party thereto. 

  

	 	•	 	 Second Amended and Restated Term A Loan Agreement, dated as of April 20, 2012, by and among Kellwood Company and its domestic subsidiaries from time to
time party thereto, SCSF Kellwood Finance LLC, Sun Kellwood Finance, LLC and Sun Kellwood Finance, LLC as collateral agent. 

  

	 	•	 	 Fourth Amended and Restated Term Loan Agreement, dated as of April 20, 2012, by and among Kellwood Company and its domestic subsidiaries from time
to time party thereto, SCSF Kellwood Finance LLC, Sun Kellwood Finance, LLC and Sun Kellwood Finance, LLC as collateral agent. 

  

	 	•	 	 12 7/8% second-priority senior secured P1K notes due 2014 issued pursuant to that indenture, dated as of July 23, 2009, by and among Kellwood Company,
as issuer, the guarantors party thereto and Wells Fargo Bank, National Association, as trustee and collateral agent. 

 Schedule 4.9 

FINANCIAL INFORMATION 
 See the attached financial information. 
 The first attachment represents revenue by year by
month. Revenue is broken down between royalty, advertising, and reserve as it is in the general ledger. 
 The second attachment is detail by
licensee for 2012 actual revenue by month through EOM November. 
 The third attachment is Detail by licensee for 2011 actual revenue for the
fiscal year. (Identification of Baby Phat only revenue was done as Phat Farm was sold. The information used to be reported together) 
 Note
that the information reflects recognized, or accrued, revenue. When actuals are received, the P&L is trued up and is reflected within the attached information. For 2012, most balances are outstanding in July through November (which is calendar
Q3 and one month of calendar Q4). 

 Baby Phat 
 Licensing Revenue* 
  

																																																																					
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Fiscal	 	 	Calendar	 	 	 	 	 	 	 	 	Fiscal	 	 	Calendar	 
	 	 	Jan	 	 	Feb	 	 	Mar	 	 	Apr	 	 	May	 	 	Jun	 	 	Jul	 	 	Aug	 	 	Sep	 	 	Oct	 	 	Nov 	 	 	YTD	 	 	YTD	 	 	Dec	 	 	Jan	 	 	Full Year	 	 	Full Year	 
	 2010  Royalty
	 	 	721	  	 	 	1,697	  	 	 	1,192	  	 	 	1,325	  	 	 	1,164	  	 	 	1,152	  	 	 	1,216	  	 	 	1,148	  	 	 	1,075	  	 	 	1,182	  	 	 	1,072	  	 	 	12,222	  	 	 	12,943	  	 	 	1,064	  	 	 	1,174	  	 	 	14,460	  	 	 	14,007	  
	 Advertising
	 	 	395	  	 	 	546	  	 	 	383	  	 	 	407	  	 	 	369	  	 	 	375	  	 	 	402	  	 	 	375	  	 	 	347	  	 	 	371	  	 	 	323	  	 	 	3,896	  	 	 	4,291	  	 	 	325	  	 	 	327	  	 	 	4,548	  	 	 	4,616	  
	 Reserve
	 	 	(970	) 	 	 	(653	) 	 	 	(151	) 	 	 	(369	) 	 	 	(91	) 	 	 	(466	) 	 	 	(628	) 	 	 	(70	) 	 	 	(146	) 	 	 	342	  	 	 	(41	) 	 	 	(2,271	) 	 	 	(3,241	) 	 	 	(76	) 	 	 	(2,245	) 	 	 	(4,592	) 	 	 	(3,317	) 
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Total
	 	 	146	  	 	 	1,590	  	 	 	1,423	  	 	 	1,363	  	 	 	1,442	  	 	 	1,061	  	 	 	990	  	 	 	1,453	  	 	 	1,276	  	 	 	1,895	  	 	 	1,355	  	 	 	13,847	  	 	 	13,993	  	 	 	1,313	  	 	 	(744	) 	 	 	14,416	  	 	 	15,306	  
																		
	 2011  Royalty
	 	 	1,174	  	 	 	639	  	 	 	765	  	 	 	715	  	 	 	621	  	 	 	635	  	 	 	560	  	 	 	410	  	 	 	431	  	 	 	399	  	 	 	405	  	 	 	5,580	  	 	 	6,754	  	 	 	412	  	 	 	456	  	 	 	6,448	  	 	 	7,165	  
	 Advertising
	 	 	327	  	 	 	121	  	 	 	133	  	 	 	166	  	 	 	128	  	 	 	126	  	 	 	131	  	 	 	88	  	 	 	121	  	 	 	113	  	 	 	104	  	 	 	1,232	  	 	 	1,559	  	 	 	106	  	 	 	134	  	 	 	1,472	  	 	 	1,665	  
	 Reserve
	 	 	(2,245	) 	 	 	22	  	 	 	(14	) 	 	 	100	  	 	 	(3	) 	 	 	5	  	 	 	42	  	 	 	169	  	 	 	(10	) 	 	 	(10	) 	 	 	(9	) 	 	 	292	  	 	 	(1,953	) 	 	 	(9	) 	 	 	(51	) 	 	 	232	  	 	 	(1,962	) 
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Total
	 	 	(744	) 	 	 	783	  	 	 	885	  	 	 	980	  	 	 	747	  	 	 	766	  	 	 	734	  	 	 	667	  	 	 	542	  	 	 	502	  	 	 	499	  	 	 	7,104	  	 	 	6,360	  	 	 	508	  	 	 	540	  	 	 	8,152	  	 	 	6,868	  
																		
	 2012  Royalty
	 	 	456	  	 	 	331	  	 	 	325	  	 	 	308	  	 	 	243	  	 	 	256	  	 	 	263	  	 	 	296	  	 	 	332	  	 	 	331	  	 	 	191	  	 	 	2,875	  	 	 	3,332	  	 				 				 				 			
	 Advertising
	 	 	134	  	 	 	86	  	 	 	84	  	 	 	82	  	 	 	78	  	 	 	66	  	 	 	74	  	 	 	64	  	 	 	66	  	 	 	73	  	 	 	35	  	 	 	709	  	 	 	843	  	 				 				 				 			
	 Reserve
	 	 	(51	) 	 	 	(7	) 	 	 	—  	  	 	 	—  	  	 	 	39	  	 	 	(64	) 	 	 	—  	  	 	 	45	  	 	 	(82	) 	 	 	(46	) 	 	 	41	  	 	 	(74	) 	 	 	(125	) 	 				 				 				 			
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 				 				 				 			
	 Total
	 	 	540	  	 	 	410	  	 	 	409	  	 	 	391	  	 	 	360	  	 	 	257	  	 	 	337	  	 	 	406	  	 	 	316	  	 	 	358	  	 	 	266	  	 	 	3,509	  	 	 	4,049	  	 				 				 				 			

  

	*	Based on recognized revenue on general ledger. 

 Baby Phat 
 2012 
  

																																													
	 	  	Feb	 	  	Mar	 	  	Apr	 	  	May	 	 	Jun	 	 	Jul	 	  	Aug	 	 	Sep	 	 	Oct	 	 	Nov	 	 	Total	 
	 Royalty
	  				  				  				  				 				 				  				 				 				 				 			
	 Check Group (Old Licensee)
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	50.0	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	50.0	  
	 eFashions (Ecomm Platform)
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	(10.6	) 	 	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(10.6	) 
	 Ossia (Singapore Distributor)
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  
	 Hypnotic Hats (Cold Weather / Hosiery)
	  	 	10.0	  	  	 	10.0	  	  	 	10.0	  	  	 	10.0	  	 	 	10.0	  	 	 	10.0	  	  	 	10.0	  	 	 	(20.0	) 	 	 	10.0	  	 	 	10.0	  	 	 	70.0	  
	 Mitzi / Betesh (Handbags)
	  	 	32.3	  	  	 	32.6	  	  	 	32.6	  	  	 	32.6	  	 	 	24.8	  	 	 	25.1	  	  	 	22.2	  	 	 	30.0	  	 	 	30.0	  	 	 	30.0	  	 	 	292.2	  
	 Vida (Dress Shoes)
	  	 	20.4	  	  	 	20.4	  	  	 	20.4	  	  	 	20.4	  	 	 	27.9	  	 	 	40.8	  	  	 	40.8	  	 	 	40.8	  	 	 	40.8	  	 	 	40.8	  	 	 	313.8	  
	 Parigi (Kids)
	  	 	62.8	  	  	 	62.8	  	  	 	62.8	  	  	 	9.0	  	 	 	41.0	  	 	 	42.7	  	  	 	94.4	  	 	 	104.1	  	 	 	104.1	  	 	 	(42.5	) 	 	 	541.3	  
	 Silver Goose (Infants)
	  	 	8.1	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	(27.2	) 	 	 	—  	  	 	 	(19.1	) 
	 Anthony L&S (Athletic Shoes)
	  	 	100.0	  	  	 	100.0	  	  	 	100.0	  	  	 	100.0	  	 	 	100.0	  	 	 	100.0	  	  	 	100.0	  	 	 	100.0	  	 	 	100.0	  	 	 	100.0	  	 	 	1,000.0	  
	 Modo (Eyewear)
	  	 	22.3	  	  	 	22.3	  	  	 	22.3	  	  	 	22.3	  	 	 	22.3	  	 	 	12.7	  	  	 	12.3	  	 	 	12.3	  	 	 	13.3	  	 	 	13.3	  	 	 	175.7	  
	 Noho (Outerwear)
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	 	 	(54.2	) 	 	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(54.2	) 
	 Strategic Distribution (Medical Scrubs)
	  	 	33.3	  	  	 	33.3	  	  	 	16.7	  	  	 	16.7	  	 	 	16.7	  	 	 	16.7	  	  	 	16.7	  	 	 	16.7	  	 	 	16.7	  	 	 	16.7	  	 	 	200.0	  
	 Q4 Designs (Swimwear)
	  	 	32.3	  	  	 	32.3	  	  	 	32.3	  	  	 	19.9	  	 	 	1.0	  	 	 	1.0	  	  	 	(13.5	) 	 	 	3.9	  	 	 	3.9	  	 	 	12.8	  	 	 	126.0	  
	 Stylos (Mexico Distributor)
	  	 	3.3	  	  	 	10.4	  	  	 	10.4	  	  	 	10.4	  	 	 	10.4	  	 	 	12.5	  	  	 	57.2	  	 	 	12.5	  	 	 	12.5	  	 	 	12.5	  	 	 	152.2	  
	 Intimate Company (Intimates)
	  				  				  				  				 				 				  				 				 				 				 	 	—  	  
	 Urban Luxury (South Africa Distributor)
	  	 	0.9	  	  	 	0.9	  	  	 	0.9	  	  	 	1.2	  	 	 	(10.3	) 	 	 	1.2	  	  	 	1.4	  	 	 	1.4	  	 	 	(9.0	) 	 	 	—  	  	 	 	(11.5	) 
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Total
	  	 	325.8	  	  	 	325.1	  	  	 	308.5	  	  	 	282.0	  	 	 	189.7	  	 	 	262.7	  	  	 	341.5	  	 	 	301.7	  	 	 	295.1	  	 	 	193.6	  	 	 	2,825.7	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Advertising
	  				  				  				  				 				 				  				 				 				 				 			
	 Ossia (Singapore Distributor)
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	4.9	  	  	 	0.7	  	 	 	(5.6	) 	 	 	—  	  	 	 	—  	  	 	 	0.0	  
	 Hypnotic Hats (Cold Weather / Hosiery)
	  	 	3.8	  	  	 	3.8	  	  	 	3.8	  	  	 	3.8	  	 	 	3.8	  	 	 	3.8	  	  	 	3.8	  	 	 	(7.5	) 	 	 	3.8	  	 	 	3.8	  	 	 	26.3	  
	 Mitzi / Betesh (Handbags)
	  	 	12.2	  	  	 	12.2	  	  	 	12.2	  	  	 	12.2	  	 	 	9.3	  	 	 	9.4	  	  	 	8.4	  	 	 	11.3	  	 	 	11.3	  	 	 	11.3	  	 	 	109.6	  
	 Parigi (Kids)
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	(40.6	) 	 	 	—  	  	 	 	—  	  	 	 	(40.6	) 
	 Vida (Dress Shoes)
	  	 	5.8	  	  	 	5.8	  	  	 	5.8	  	  	 	5.8	  	 	 	5.8	  	 	 	11.7	  	  	 	11.7	  	 	 	11.7	  	 	 	11.7	  	 	 	11.7	  	 	 	87.2	  
	 Silver Goose (Infants)
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	(10.2	) 	 	 	—  	  	 	 	(10.2	) 
	 Anthony L&S (Athletic Shoes)
	  	 	37.5	  	  	 	37.5	  	  	 	37.5	  	  	 	37.5	  	 	 	37.5	  	 	 	37.5	  	  	 	37.5	  	 	 	37.5	  	 	 	37.5	  	 	 	37.5	  	 	 	375.0	  
	 Modo (Eyewear)
	  	 	8.8	  	  	 	8.8	  	  	 	8.8	  	  	 	8.8	  	 	 	8.8	  	 	 	4.7	  	  	 	5.0	  	 	 	5.0	  	 	 	5.0	  	 	 	5.0	  	 	 	68.4	  
	 Strategic Distribution (Medical Scrubs)
	  	 	4.2	  	  	 	4.2	  	  	 	2.1	  	  	 	2.1	  	 	 	2.1	  	 	 	2.1	  	  	 	2.1	  	 	 	2.1	  	 	 	2.1	  	 	 	2.1	  	 	 	25.0	  
	 Intimate Company (Intimates)
	  				  				  				  				 				 				  				 				 				 				 	 	—  	  
	 Q4 Designs (Swimwear)
	  	 	12.1	  	  	 	12.1	  	  	 	12.1	  	  	 	7.5	  	 	 	0.5	  	 	 	0.5	  	  	 	(5.0	) 	 	 	0.5	  	 	 	1.4	  	 	 	1.4	  	 	 	43.0	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Total
	  	 	84.3	  	  	 	84.3	  	  	 	82.2	  	  	 	77.5	  	 	 	67.7	  	 	 	74.4	  	  	 	64.1	  	 	 	14.3	  	 	 	62.4	  	 	 	72.6	  	 	 	683.7	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Grand Total
	  	 	410.1	  	  	 	409.4	  	  	 	390.6	  	  	 	359.5	  	 	 	257.4	  	 	 	337.2	  	  	 	405.6	  	 	 	316.0	  	 	 	357.5	  	 	 	266.2	  	 	 	3,509.4	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 

 Baby Phat 
 2011 
  

					
	 	  	2011	 
	 Total
	  	Actual	 
	 Aquarius
	  	 	—  	  
	 Age Group (Intimates)
	  	 	193	  
	 BP Clothing
	  	 	1,023	  
	 Check Group
	  	 	—  	  
	 eFashions
	  	 	21	  
	 Vichen
	  	 	—  	  
	 Hypnotic Hats
	  	 	202	  
	 Mitzi / Betesh
	  	 	539	  
	 Vida
	  	 	398	  
	 Parigi
	  	 	2,941	  
	 Planet Sox
	  	 	—  	  
	 Silver Goose (Infants)
	  	 	169	  
	 Silver Goose (Luggage)
	  	 	93	  
	 Anthony L&S
	  	 	1,136	  
	 Modo
	  	 	364	  
	 Noho
	  	 	194	  
	 Strategic Distribution
	  	 	450	  
	 Stretch Mens
	  	 	—  	  
	 Stretch / Q4 Designs Swim
	  	 	318	  
	 JMS
	  	 	—  	  
	 Stylos
	  	 	98	  
	 Urban Luxury
	  	 	14	  
		  	  
	  
	 
	 Total
	  	 	8,152	  
		
	 Royalty
	  	2011	 
	 Aquarius
	  			
	 Age Group (Intimates)
	  	 	140	  
	 BP Clothing
	  	 	1,023	  
	 Check Group
	  			
	 eFashions
	  	 	21	  
	 Vichen
	  			
	 Hypnotic Hats
	  	 	147	  
	 Mitzi / Betesh
	  	 	392	  
	 Vida
	  	 	309	  
	 Parigi
	  	 	2,409	  
	 Planet Sox
	  			
	 Silver Goose (Infants)
	  	 	123	  
	 Silver Goose (Luggage)
	  	 	68	  
	 Anthony L&S
	  	 	826	  
	 Modo
	  	 	265	  
	 Noho
	  	 	156	  
	 Strategic Distribution
	  	 	400	  
	 Stretch Mens
	  			
	 Stretch / Q4 Designs Swim
	  	 	230	  
	 JMS
	  			
	 Stylos
	  	 	98	  
	 Urban Luxury
	  	 	14	  
		  	  
	  
	 
	 Total
	  	 	6,620	  
		
	 Advertising
	  	2011	 
	 Aquarius
	  			
	 Age Group (Intimates)
	  	 	53	  
	 BP Clothing
	  			
	 Check Group
	  			
	 eFashions
	  			
	 Vichen
	  			
	 Hypnotic Hats
	  	 	55	  
	 Mitzi / Betesh
	  	 	147	  
	 Vida
	  	 	89	  
	 Parigi
	  	 	532	  
	 Planet Sox
	  			
	 Silver Goose (Infants)
	  	 	46	  
	 Silver Goose (Luggage)
	  	 	25	  
	 Anthony L&S
	  	 	310	  
	 Modo
	  	 	99	  
	 Noho
	  	 	38	  
	 Strategic Distribution
	  	 	50	  
	 Stretch Mens
	  			
	 Stretch / Q4 Designs Swim
	  	 	88	  
	 JMS
	  			
	 Stylos
	  			
	 Urban Luxury
	  			
		  	  
	  
	 
	 Total
	  	 	1,532	  

 EXHIBIT D 
 PF TRANSFERRED ASSETS 
 See attached. 

 Schedule A 

TRANSFERRED CONTRACTS 
 [On file with the Company] 

 [On file with the Company] 

 Schedule B 

INTELLECTUAL PROPERTY 
 Domestic Trademarks: 
  

											
	 Trademark
	  	 Owner
	  	 Status in
Trademark
Office
	  	 Federal
 Registration

Number
	  	 Registration Date
	  	 Class

						
	

	  	Phat Fashions LLC	  	Registered	  	3,735,330	  	1/5/2010	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	3,759,361	  	3/9/2010	  	21
						
	

	  	Phat Fashions LLC	  	Registered	  	3,624,700	  	5/19/2009	  	26
						
	

	  	Phat Fashions LLC	  	Registered	  	3,233,844	  	4/24/2007	  	9
						
	

	  	Phat Fashions LLC	  	Registered	  	3,240,184	  	5/8/2007	  	9
						
	

	  	Phat Fashions LLC	  	Registered	  	2,440,358	  	4/3/2001	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	2,538,563	  	2/12/2002	  	18
						
	

	  	Phat Fashions LLC	  	Registered	  	3,037,296	  	1/3/2006	  	25

											
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,613,885	  	4/28/2009	  	26
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,701,862	  	10/27/2009	  	24
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,591,599	  	3/17/2009	  	16
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,181,285	  	2/21/2006	  	6
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,220,372	  	3/20/2007	  	9
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,386,191	  	2/19/2008	  	35
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	2,240,881	  	4/20/1999	  	25
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	2,538,494	  	2/12/2002	  	18
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	2,736,998	  	7/15/2003	  	14
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	2,811,059	  	2/3/2004	  	9
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,004,138	  	10/4/2005	  	25
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,051,588	  	1/24/2006	  	14
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,060,441	  	2/21/2006	  	9
						
	

	  	Phat Fashions LLC	  	Registered	  	3,000,181	  	9/27/2005	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	3,743,384	  	10/26/2009	  	24
						
	

	  	Phat Fashions LLC	  	Registered	  	3,723,824	  	12/8/2009	  	21
						
	

	  	Phat Fashions LLC	  	Registered	  	3,600,115	  	3/31/2009	  	3
						
	

	  	Phat Fashions LLC	  	Registered	  	2,303,780	  	12/28/1999	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	3,004,685	  	10/4/2005	  	14
						
	

	  	Phat Fashions LLC	  	Registered (South Carolina)	  	SCO12501	  	6/28/2001	  	25

											
						
	

	  	Phat Fashions LLC	  	Registered	  	3,759,401	  	3/9/2010	  	3
						
	

	  	Phat Fashions LLC	  	Registered	  	3,735,329	  	1/5/2010	  	24
						
	

	  	Phat Fashions LLC	  	Registered	  	3,723,825	  	12/8/2009	  	21
						
	

	  	Phat Fashions LLC	  	Registered	  	3,551,930	  	12/23/2008	  	20
						
	

	  	Phat Fashions LLC	  	Registered	  	3,109,678	  	6/27/2006	  	9
						
	

	  	Phat Fashions LLC	  	Registered	  	2,429,559	  	2/20/2001	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	2,541,251	  	2/19/2002	  	18
						
	

	  	Phat Fashions LLC	  	Registered	  	2,881,224	  	917/2004	  	9
						
	

	  	Phat Fashions LLC	  	Registered	  	3,000,182	  	9/27/2005	  	25

											
						
	

	  	Phat Fashions LLC	  	Registered	  	3,006,170	  	10/11/2005	  	14
						
	BABY PHAT GIRLZ	  	Phat Fashions LLC	  	Registered	  	3,149,054	  	9/26/2006	  	25
						
	BABY PHAT GIRLZ	  	Phat Fashions LLC	  	Registered	  	2,557,269	  	4/2/2002	  	25
						
	BABY PHAT GIRLZ	  	Phat Fashions LLC	  	Registered	  	2,867,090	  	7/27/2004	  	18
						
	BABY PHAT GODDESS	  	Phat Fashions LLC	  	Registered	  	3,512,917	  	10/7/2008	  	3
						
	

	  	Phat Fashions LLC	  	Registered	  	3,512,918	  	10/7/2008	  	3
						
	BABY PHAT GOLDEN GODDESS	  	Phat Fashions LLC	  	Registered	  	3,366,942	  	1/8/2008	  	3
						
	

	  	Phat Fashions LLC	  	Registered	  	3,374,112	  	1/22/2008	  	3
						
	BABY PHAT SEDUCTIVE GODDESS	  	Phat Fashions LLC	  	Registered	  	3,860,529	  	10/12/2010	  	3
						
	PHAT	  	Phat Fashions LLC	  	Registered	  	2,372,748	  	8/1/2000	  	25

 Domestic Copyrights: 

 

									
	 Title
	  	 Owner
	  	 Status in
Copyright
Office
	  	 Federal
 Registration

Number
	  	 Registration Date

					
	“Baby Phat” and Cat Design	  	Phat Fashions, LLC	  	Registered	  	VA-852-101	  	11/25/1998
					
	Baby Phat Crown Badge	  	Phat Fashions, LLC	  	Registered	  	VA-0001622877	  	10/29/2007
					
	Baby Phat Crown Burst	  	Phat Fashions, LLC	  	Registered	  	VA-0001622872	  	10/29/2007

 Foreign Trademarks: 
  

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Argentina	  	Pending	  	[s/n 3,045,665]	  	[filed
 11/11/2010]
	  	25	  	In January of 2012, application was opposed by Empresas CMPC S.A. on the basis that it is confusingly similar to its own applications or registrations for the marks BABY SEC,
BABYSEC BASIO, BABYSEC, and BABY SEC LO HIZO. Instructed counsel to initiate negotiations with opponent and argue that several applications for marks containing the word “BABY” have registered in the Argentinian Trademark
Office.
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Australia	  	Registered	  	774453	  	9/30/1998	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Australia	  	Registered	  	1,066,407	  	7/11/2005	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Bahrain	  	Registered	  	44076	  	4/10/2005	  	18	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Bahrain	  	Registered	  	44077	  	4/10/2005	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	PHAT	  	 Phat
 Fashions

LLC
	  	Benelux	  	Renewed	  	552164	  	4/27/1994	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Bolivia	  	Registered	  	87321-C	  	7/16/2002	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Brazil	  	 Pending

(Suspended)
	  	[s/n
 821.880.675]
	  	[filed
 8/2/1999]
	  	25	  	This application is being kept in abeyance until final decisions rendered with respect to Application Nos. 821.346.300 for PHAT FARM and 821.346.326 for THE PHAT FARM NYC FINE
QUALITY AUTHENTIC FLY GOODS. These applications are being kept in abeyance until a final decision is rendered with respect to Application No. 820.033.146 for FARM RIO in Class 25. Counsel filed a petition to disassociate the BABY PHAT application
from the PHAT FARM applications, but as of March 2011, no response had been received from the Trademark Office.
	

	  	 Phat
 Fashions

LLC
	  	Brazil	  	Pending	  	[s/n
 830.448.829]
	  	[filed
 11/27/2009]
	  	25	  	The granting of this application was published in the Official Gazette on August 21, 2012. Counsel paid the registration fees, and the registration certificate is
forthcoming.
	

	  	 Phat
 Fashions

LLC
	  	Brazil	  	Pending	  	[s/n
 830.448.810]
	  	[filed
 11/27/2009]
	  	14	  	The granting of this application was published in the Official Gazette on August 21, 2012. Counsel paid the registration fees, and the registration certificate is
forthcoming.
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Bulgaria	  	Registered	  	64975	  	5/12/2008	  	25	  	N/A
	

	  	 Phat
 Fashions
LLC
	  	Bulgaria	  	Registered	  	64976	  	5/12/2008	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	

	  	 Phat
 Fashions

LLC
	  	Bulgaria	  	Registered	  	64977	  	5/12/2008	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Bulgaria	  	Registered	  	62247	  	12/3/2007	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Canada	  	Registered	  	760154	  	2/24/2010	  	3	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Canada	  	Registered	  	557141	  	1/30/2002	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Canada	  	Registered	  	760461	  	2/26/2010	  	3	  	N/A
	

	  	Phat Fashions LLC	  	Canada	  	Registered	  	761902	  	3/17/2010	  	9, 18,
 25
	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Canada	  	Registered	  	762606	  	3/24/2010	  	9, 18,
 25
	  	N/A
	BABY PHAT GODDESS	  	 Phat
 Fashions

LLC
	  	Canada	  	Registered	  	722944	  	9/4/2008	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Canada	  	Registered	  	772952	  	9/4/2008	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Canada	  	Registered	  	761903	  	3/17/2010	  	9, 18,
25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Chile	  	Registered	  	879694	  	1/18/2000	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,924,866	  	3/28/2009	  	3	  	N/A
	BABY PHAT	  	 Phat
 Fashions
LLC
	  	 China
 (Peoples’
Republic)
	  	Registered	  	4,924,867	  	2/14/2009	  	14	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	1,358,532	  	1/28/2000	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	6,553,521	  	6/21/2010	  	18	  	N/A
	

	  	Phat Fashions LLC	  	 China

(Peoples’
 Republic)
	  	Registered	  	6,553,522	  	6/21/2010	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,518,596	  	12/14/2008	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,518,595	  	2/7/2009	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,518,708	  	5/28/2008	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Pending	  	[s/n
6,848,582]	  	[filed
 7/18/2008]
	  	25	  	In March of 2010, the application was refused, and so Phat filed a review of the refusal in April of 2010. The examination of Phat’s application for review of the refusal is
still pending.
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,518,597	  	5/28/2008	  	14	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	 Pending

(Suspended)
	  	[s/n
4,518,709]	  	[filed
 3/1/2005]
	  	9	  	In August of 2007, the application was refused, and so Phat filed a review of the refusal. The examination of Phat’s application for review of the refusal is still
pending.

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Pending	  	[s/n
6,848,581]	  	[filed
 7/18/2008]
	  	25	  	In March of 2010, the application was refused, and so Phat filed a review of the refusal in April of 2010. The examination of Phat’s application for review of the refusal is
still pending.
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	 Pending

(Suspended)
	  	[s/n
4,518,593]	  	[filed
 3/1/2005]
	  	9	  	In August of 2007, the application was refused, and so Phat filed a review of the refusal. The examination of Phat’s application for review of the refusal is still
pending.
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,518,590	  	2/7/2009	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,518,594	  	5/28/2008	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,518,592	  	5/28/2008	  	14	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,518,591	  	12/14/2008	  	18	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Colombia	  	Registered	  	235387	  	4/27/2001	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Cyprus, Republic of	  	Registered	  	71302	  	4/14/2005	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Cyprus, Republic of	  	Registered	  	71301	  	4/14/2005	  	18	  	N/A
	PHAT	  	 Phat
 Fashions

LLC
	  	Denmark	  	Renewed	  	4608/94	  	7/8/1994	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 Dominican

Republic
	  	Registered	  	107843	  	10/30/1999	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 Dominican

Republic
	  	Registered	  	107837	  	10/30/1999	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Ecuador	  	Registered	  	3430-00	  	6/26/2000	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Egypt	  	Registered	  	201585	  	9/8/2009	  	18	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Egypt	  	Registered	  	201586	  	5/23/2007	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	El Salvador	  	Registered	  	144 Book
136	  	8/10/2001	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 European

Community
	  	Registered	  	000881524	  	10/13/1999	  	9, 18,
 25
	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 European

Community
	  	Registered	  	004923553	  	3/29/2007	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 European

Community
	  	Registered	  	004643342	  	9/20/2005	  	9, 18,
 25
	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 European

Community
	  	Registered	  	004923777	  	3/30/2007	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 European

Community
	  	Registered	  	004643375	  	8/2/2007	  	9, 18,
25	  	N/A
	PHAT	  	 Phat
 Fashions

LLC
	  	France	  	Registered	  	93/481938	  	8/31/1993	  	9, 25,
42	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Guatemala	  	Registered	  	104571	  	5/23/2000	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions
LLC
	  	Honduras	  	Registered	  	99956	  	2/21/2007	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	300498736	  	9/21/2005	  	3, 14	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	301048590	  	2/11/2008	  	18	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	200215781	  	8/26/1998	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	301048608	  	2/11/2008	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	300498727	  	9/21/2005	  	3, 14	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	3004497944	  	9/20/2005	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	301048617	  	2/11/2008	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	300498718	  	9/21/2005	  	3, 14	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	301048626	  	2/11/2008	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	300497935	  	9/20/2005	  	25	  	N/A
	PHAT	  	 Phat
 Fashions
LLC
	  	Hong Kong	  	Renewed	  	3613/95	  	4/26/1993	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	 Phat
 Fashions

LLC
	  	India	  	Registered	  	1,275,909	  	1/17/2006	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Indonesia	  	Pending	  	[s/n
 D00.2009.0006

75]
	  	[filed
 1/9/2009]
	  	25	  	In August of 2010, the Indonesian Trademark Office rejected this application due to its similarity to the prior trademark application (No. D002007014087) for BABYPHAT and Device
filed by Rosni Kosman. Phat filed an opposition to this application as well as a response to the office action on September 2, 2010 and is still awaiting a decision.
	

	  	 Phat
 Fashions

LLC
	  	Indonesia	  	Pending	  	[s/n
 D00.2009.0006

76]
	  	[filed
 1/9/2009]
	  	18	  	In August of 2010, the Indonesian Trademark Office rejected this application due to its similarity to the prior trademark application (No. D002007014087) for BABYPHAT and Device
filed by Rosni Kosman. Phat filed an opposition to this application as well as a response to the office action on September 2, 2010 and is still awaiting a decision.
	

	  	 Phat
 Fashions

LLC
	  	 International

Registration
 (Madrid

Protocol)
	  	Registered	  	IR 905391	  	3/3/2006	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 International

Registration
 (Madrid

Protocol)
	  	Registered	  	IR 882532	  	2/22/2006	  	3	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	

	  	 Phat
 Fashions

LLC
	  	Italy	  	Registered	  	1432026	  	3/10/2011	  	25	  	N/A
	PHAT	  	 Phat
 Fashions

LLC
	  	Italy	  	Renewed	  	00695475	  	5/3/1994	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Japan	  	Registered	  	4692771	  	7/18/2003	  	14, 18	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Japan	  	Registered	  	4293397	  	7/9/1999	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Japan	  	Registered	  	5101609	  	12/28/2007	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Japan	  	Registered	  	5170939	  	10/3/2008	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Japan	  	Registered	  	4896783	  	9/22/2005	  	3, 9,
 14,
 18, 25
	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Japan	  	Registered	  	4896782	  	9/22/2005	  	3, 9	  	N/A
	PHAT	  	 Phat
 Fashions

LLC
	  	Japan	  	Renewed	  	3370202	  	9/11/1998	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Jordan	  	Registered	  	91564	  	4/10/2007	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Jordan	  	Registered	  	91563	  	4/10/2007	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions
LLC
	  	Korea, Republic of	  	Registered	  	0458243	  	11/9/1999	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Korea, Republic of	  	Registered	  	40-0678282	  	9/14/2006	  	3, 14	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Korea, Republic of	  	Registered	  	40-0664997	  	6/5/2006	  	3, 9,
 14,
 18, 25
	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Korea, Republic of	  	Registered	  	40-0664996	  	6/5/2006	  	3, 9,
 14,
 18, 25
	  	N/A
	PHAT	  	 Phat
 Fashions

LLC
	  	Korea, Republic of	  	Renewed	  	315203	  	6/10/1995	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Kuwait	  	Registered	  	59255	  	5/28/2005	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Kuwait	  	Registered	  	58934	  	5/28/2005	  	18	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Lebanon	  	Registered	  	110636	  	4/17/2007	  	18, 25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Macao	  	Registered	  	19197	  	2/9/2006	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Macao	  	Registered	  	19203	  	2/9/2006	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Macao	  	Registered	  	19202	  	2/9/2006	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Mexico	  	Registered	  	910763	  	11/28/2005	  	9	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Mexico	  	Registered	  	878711	  	4/27/2005	  	3	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Mexico	  	Renewed	  	589794	  	8/20/1998	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Mexico	  	Registered	  	1196685	  	1/14/2011	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Mexico	  	Registered	  	912979	  	12/8/2005	  	9	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Mexico	  	Registered	  	878135	  	4/26/2005	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Mexico	  	Registered	  	1083925	  	2/12/2009	  	9	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Mexico	  	Registered	  	1131983	  	11/26/2009	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Mexico	  	Pending	  	[s/n
911173]	  	[filed
 2/2/2008]
	  	25	  	This application was rejected due to the trademark registration (No. 977592) for LADY PARIS and Cat Design (see below for further detail on the Cancellation Action that Phat
Fashions filed against this registration).
	

	  	 Phat
 Fashions

LLC
	  	Mexico	  	Registered	  	912980	  	12/8/2005	  	9	  	N/A
	BABY PHAT	  	 Phat
 Fashions
LLC
	  	New Zealand	  	Renewed	  	297097	  	8/24/1998	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	

	  	 Phat
 Fashions

LLC
	  	 New
 Zealand
	  	Registered	  	732424	  	7/11/2005	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Nicaragua	  	Registered	  	46047 C.C.	  	1/5/2001	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Norway	  	Registered	  	202429	  	4/17/2000	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Norway	  	Registered	  	237042	  	1/2/2007	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Norway	  	Registered	  	237043	  	1/2/2007	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Norway	  	Registered	  	237045	  	1/2/2007	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Oman	  	Registered	  	43811	  	1/30/2008	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Oman	  	Registered	  	43810	  	11/11/2007	  	18	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Panama	  	Registered	  	102243	  	8/13/1999	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Paraguay	  	Registered	  	222339	  	2/7/2000	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Peru	  	Registered	  	058267	  	10/15/1999	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	

	  	 Phat
 Fashions

LLC
	  	Peru	  	Registered	  	176049	  	5/23/2011	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Peru	  	Registered	  	175423	  	3/31/2011	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Qatar	  	Registered	  	44406	  	4/25/2007	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Qatar	  	Registered	  	44407	  	4/25/2007	  	18	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Romania	  	Registered	  	074184	  	1/11/2006	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Romania	  	Registered	  	074185	  	1/11/2006	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Romania	  	Registered	  	074176	  	1/11/2006	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Romania	  	Registered	  	074186	  	1/11/2006	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 Russian

Federation
	  	Registered	  	276912	  	10/21/2004	  	25	  	N/A
	

	  	Phat Fashions LLC	  	 Russian

Federation
	  	Registered	  	321362	  	2/19/2007	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 Russian

Federation
	  	Registered	  	269478	  	5/31/2004	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	

	  	 Phat
 Fashions

LLC
	  	 Russian

Federation
	  	Registered	  	322147	  	3/12/2007	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 Saudi
 Arabia
	  	Registered	  	996/75	  	6/19/2008	  	18	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 Saudi
 Arabia
	  	Registered	  	955/10	  	11/10/2007	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Pending	  	[s/n
 2004/01908]
	  	[filed
 2/11/2004]
	  	14	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and
18.
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Pending	  	[s/n
 2004/01910]
	  	[filed
 2/11/2004]
	  	25	  	 This application has been rejected by the Registrar due to the following registrations:

 

•          2002/01162 PHAT HAIR in Class 3 in the name of
Designer Group (Pty) Ltd.
  

•          2002/19607 PHAT FARM in Class 25 in the name of
J & L Sales CC
  

•          1998/12663 PHAT JOE in Class 25 in the
name of Black Chameleon Entertainment CC
  
 •          2001/18594 PHAT in Class 25 in the name of Truworths Ltd

 

•          2002/00488 PHAT BASTARD in Class 25 in the
name of Alcon Impex (Pty) Ltd
  

•          2003/16633 PHATCAT in Class 25 in the name
of Reldann Properties No. 2 CC

	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Pending	  	[s/n
 2004/01909]
	  	[filed
 2/11/2004]
	  	18	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and
18.

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Pending	  	[s/n
 2004/01907]
	  	[filed
 2/11/2004]
	  	9	  	 This application was
 accepted
by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and 18.

	

	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Registered	  	2004/01942	  	8/13/2008	  	9	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Registered	  	2004/01944	  	8/13/2008	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Registered	  	2004/01941	  	8/13/2008	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Registered	  	2004/01945	  	8/13/2008	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Registered	  	2004/01943	  	8/13/2008	  	14	  	N/A
	PHAT	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Pending	  	[s/n
 2004/01899]
	  	[filed
 2/11/2004]
	  	18	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and
18.
	PHAT	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Pending	  	[s/n
 2004/01898]
	  	[filed
 2/11/2004]
	  	14	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and
18.

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	PHAT	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n
2004/01897]	  	[filed
2/11/2004]	  	9	  	 This application has been rejected by the Registrar due to the following registrations:

 

•          2002/01162 PHAT HAIR in Class 3 in the name of
Designer Group (Pty) Ltd.
  

•          2002/19607 PHAT FARM in Class 25 in the name of
J & L Sales CC
  

•          1998/12663 PHAT JOE in Class 25 in the name of
Black Chameleon Entertainment CC
  

•          2001/18594 PHAT in Class 25 in the name of
Truworths Ltd
  

•          2002/00488 PHAT BASTARD in Class 25 in the name
of Alcon Impex (Pty) Ltd
  

•          2003/16633 PHATCAT in Class 25 in the name
of Reldann Properties No. 2 CC

	PHAT	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Pending	  	[s/n
 2004/01900]
	  	[filed
 2/11/2004]
	  	25	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and
18.
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Sweden	  	Registered	  	337019	  	5/5/2000	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Switzerland	  	Registered	  	470.895	  	10/19/1999	  	25	  	N/A
	

	  	Phat Fashions LLC	  	Switzerland	  	Registered	  	543.074	  	2/23/2006	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Switzerland	  	Registered	  	543.075	  	2/23/2006	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	

	  	 Phat
 Fashions

LLC
	  	Switzerland	  	Registered	  	543.076	  	2/23/2006	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1213413	  	6/16/2006	  	3	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1211505	  	6/1/2006	  	14	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1252965	  	3/1/2007	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1213415	  	6/16/2006	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1211507	  	6/1/2006	  	14	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1346472	  	1/16/2009	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1252970	  	3/1/2007	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1213414	  	6/16/2006	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1211506	  	6/1/2006	  	14	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1252969	  	3/1/2007	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	PHAT	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Renewed	  	626361	  	1/1/1994	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Thailand	  	Registered	  	215635	  	3/23/2005	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Thailand	  	Registered	  	240010	  	2/24/2004	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Turkey	  	Registered	  	2005/08321	  	3/11/2005	  	18, 25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Turkey	  	Registered	  	2002/14586	  	6/13/2002	  	3, 14,
18, 25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Turkey	  	Registered	  	2006/01384	  	1/18/2006	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Turkey	  	Registered	  	2006/01500	  	1/19/2006	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Turkey	  	Registered	  	2006/01498	  	1/19/2006	  	25	  	N/A
	PHAT	  	 Phat
 Fashions

LLC
	  	Turkey	  	Registered	  	2002/14585	  	6/13/2002	  	3, 14,
18, 25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 United Arab

Emirates
	  	Registered	  	58642	  	3/14/2006	  	18	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	United Arab Emirates	  	Registered	  	58641	  	3/14/2006	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	

	  	 Phat
 Fashions

LLC
	  	United Arab Emirates	  	Registered	  	85293	  	11/26/2007	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 United
 Kingdom

(Madrid
 Protocol)
	  	Registered	  	IR 905391	  	3/3/2006	  	3	  	N/A
	PHAT	  	 Phat
 Fashions

LLC
	  	 United
 Kingdom
	  	Renewed	  	1545530	  	8/19/1993	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Uruguay	  	Registered	  	314.451	  	2/16/2000	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Venezuela	  	Registered	  	P-219.712	  	4/7/2000	  	25	  	N/A

 Other Pending Disputes 

 

			
	  
  
 •
	  	An application for the mark

 was filed in Class 9 in China by Applicant, Liu Yiqi (an individual) and given the App. No. 3847273. Phat Fashions filed an opposition against this application which received an Adverse Decision from the Chinese
Trademark Office in July of 2012. Phat Fashions subsequently filed an administrative lawsuit against the Adverse Decision, and such case was accepted by the Beijing No. Intermediate People’s Court in September of 2012 and will soon be
heard.
		
	  
  
  

 
  

•
	  	The Mexican Registration in Class 25 for the mark

 is owned by Joel Renteria Martinez (an individual) (Reg. No. 977592). Phat Fashions filed a Cancellation Proceeding against this registration in April 2009. The Cancellation Action was originally rejected because
Phat Fashions’ evidence of use was based on the use of its then-licensee, BP Clothing. This rejection was overcome in October of 2011, but in August of 2012, the Mexican Trademark Office rendered a resolution rejecting the Cancellation Action
once again on the basis that Martinez’s mark was in use in Mexico. This decision was challenged by Phat Fashions in August of 2012 through the filing of an annulment action

	 	 
with a Federal Administrative Court based on Phat Fashions’ prior use of its mark in Mexico. If a favorable resolution in the annulment action is obtained, the same will be studied by the
Mexican Trademark Office. 

  

	 	•	 	 Kellwood Company received a cease and desist letter from Aeropostale, Inc. dated August 22, 2012, and alleging that BABY PHAT shirts marketed as
“Girls Glitter Heart Tees” were “virtually exact copies of an earlier Aeropostale designed T-shirt.” The letter simply asked for Kellwood’s assurance that it would not resume selling this item or offer other merchandise
copied from Aeropostale designs. As this design was created, manufactured, and distributed by Phat Fashions’ licensee, Parigi Group, Kellwood and Phat have sent the letter to Parigi for handling. 

 

	 	•	 	 Venezuelan Opposition Proceeding Against Kathy Cat Design in cls. 3, 14, 18 and 25 filed by Katherine Rey Sotomayor, Appl. Ser. Nos. 06004607-06004610.
Phat Fashions opposed this application in 2006. A decision is expected to be rendered in 2-3 years. 

  

	 	•	 	 Venezuelan Application for BABY CAT and Cat Design in cl. 25 filed by Habibi Moda C.A., Appl. Ser. No. 2103/2009. Phat Fashions opposed this
application in 2009. A decision is expected to be rendered in 5-6 years. 

  

	 	•	 	 Indian Trademark Application for JUST PHAT in cl. 25 filed by Pooja Thakkar, Appl. Serial No. 1592557. Phat Fashions opposed this application in
December 2009. A decision is expected to be rendered in 2012. 

  

	 	•	 	 Indonesian Trademark Application for BABY PHAT with Cat Design in cl. 18 filed by Rosni Kosman (App. No. D002007014087). Phat Fashions opposed this
trademark application in January 2009 and is awaiting the decision. 

  

	 	•	 	 Indonesian Trademark Opposition against BABY PHAT with Cat Design in cl. 25 filed by Uswah Rudi. Phat Fashions opposed this application in November
2009 and is awaiting a decision. 

  

	 	•	 	 Brazilian Trademark Applications for DSCOLADA with Cat Design in cl. 14, Appl. Serial No. 901780782 and DSCOLADA with Cat Design in cl. 25, Appl.
Serial No. 901780693, both filed by Dscolada Ltda Me. Phat Fashions opposed both applications and awaits the decisions. 

 Schedule C 

DOMAIN NAMES 

Domain Names: 
  

					
	 Domain Name
	  	 Brand
	  	 Redirect Site

			
	2PHATFASHIONS.COM	  	Baby Phat	  	www.babyphat.com
			
	allcityathletiques.com	  	Baby Phat	  	www.babyphat.com
			
	allcityathletiques.info	  	Baby Phat	  	www.babyphat.com
			
	allcityathletiques.net	  	Baby Phat	  	www.babyphat.com
			
	allcityathletiques.org	  	Baby Phat	  	www.babyphat.com
			
	allcityonline.com	  	Baby Phat	  	www.babyphat.com
			
	allcityonline.info	  	Baby Phat	  	www.babyphat.com
			
	Babe-phat.com	  	Baby Phat	  	www.babyphat.com
			
	Babiephat.com	  	Baby Phat	  	www.babyphat.com
			
	baby-fat.biz	  	Baby Phat	  	www.babyphat.com
			
	babyfat.cc	  	Baby Phat	  	www.babyphat.com
			
	baby-fat.cc	  	Baby Phat	  	www.babyphat.com
			
	babyfat.tv	  	Baby Phat	  	www.babyphat.com
			
	baby-fat.tv	  	Baby Phat	  	www.babyphat.com
			
	baby-fat-ws	  	Baby Phat	  	www.babyphat.com

					
			
	babyphat.asia	  	Baby Phat	  	www.babyphat.com
			
	babyphat.biz	  	Baby Phat	  	www.babyphat.com
			
	baby-phat.biz	  	Baby Phat	  	www.babyphat.com
			
	baby-phat.co.uk	  	Baby Phat	  	www.babyphat.com
			
	BabyPhat.com	  	Baby Phat	  	www.babyphat.com
			
	babyphat.com.hk	  	Baby Phat	  	www.babyphat.com
			
	babyphat.com.tw	  	Baby Phat	  	www.babyphat.com
			
	babyphat.de	  	Baby Phat	  	www.babyphat.com
			
	babyphat.hk	  	Baby Phat	  	www.babyphat.com
			
	babyphat.info	  	Baby Phat	  	www.babyphat.com
			
	baby-phat.info	  	Baby Phat	  	www.babyphat.com
			
	babyphat.net	  	Baby Phat	  	www.babyphat.com
			
	babyphat.org	  	Baby Phat	  	www.babyphat.com
			
	babyphat.tw	  	Baby Phat	  	www.babyphat.com
			
	babyphat.us	  	Baby Phat	  	www.babyphat.com
			
	baby-phat.us	  	Baby Phat	  	www.babyphat.com
			
	BabyPhat.XXX	  	Baby Phat	  	Blocked
			
	babyphat69.com	  	Baby Phat	  	www.babyphat.com

					
			
	babyphat69.info	  	Baby Phat	  	www.babyphat.com
			
	babyphatapparel.com	  	Baby Phat	  	www.babyphat.com
			
	babyphatbiz.com	  	Baby PHat	  	www.babyphat.com
			
	babyphatboots.com	  	Baby Phat	  	www.babyphat.com
			
	babyphatcatalog.com	  	Baby Phat	  	www.babyphat.com
			
	babyphatclothing.com	  	Baby Phat	  	www.babyphat.com
			
	babyphatclothing.info	  	Baby Phat	  	www.babyphat.com
			
	babyphatclothing.net	  	Baby Phat	  	www.babyphat.com
			
	babyphatclothing.org	  	Baby Phat	  	www.babyphat.com
			
	babyphatclothingonline.com	  	Baby Phat	  	www.babyphat.com
			
	babyphatclothingonline.info	  	Baby Phat	  	www.babyphat.com
			
	babyphatclothingonline.net	  	Baby Phat	  	www.babyphat.com
			
	babyphatclothingonline.org	  	Baby Phat	  	www.babyphat.com
			
	babyphateyewear.com	  	Baby Phat	  	www.babyphat.com
			
	babyphatfarm.com	  	Baby Phat	  	www.babyphat.com
			
	babyphatgirlz.com	  	Baby Phat	  	www.babyphat.com
			
	babyphatgirlz.info	  	Baby Phat	  	www.babyphat.com
			
	babyphathandbags.com	  	Baby Phat	  	www.babyphat.com

					
			
	BABYPHATONLINE.COM	  	Baby Phat	  	www.babyphat.com
			
	BABYPHATONLINE.NET	  	Baby Phat	  	www.babyphat.com
			
	babyphatshoes.com	  	Baby Phat	  	www.babyphat.com
			
	babyphatshop.com	  	Baby Phat	  	www.babyphat.com
			
	babyphatskinz.com	  	Baby Phat	  	www.babyphat.com
			
	baby-phat-skinz.com	  	Baby Phat	  	www.babyphat.com
			
	babyphatskinz.info	  	Baby Phat	  	www.babyphat.com
			
	baby-phat-skinz.info	  	Baby Phat	  	www.babyphat.com
			
	bbyp.ht	  	Baby Phat	  	Blank Site
			
	phat-fashion.biz	  	Baby Phat	  	www.babyphat.com
			
	phat-fashion.cc	  	Baby Phat	  	www.babyphat.com
			
	phatfashion.com	  	Baby Phat	  	www.babyphat.com
			
	phat-fashion.com	  	Baby Phat	  	www.babyphat.com
			
	phat-fashion.info	  	Baby Phat	  	www.babyphat.com
			
	phatfashion.net	  	Baby Phat	  	www.babyphat.com
			
	phat-fashion.net	  	Baby Phat	  	www.babyphat.com
			
	phatfashion.org	  	Baby Phat	  	www.babyphat.com
			
	phat-fashion.org	  	Baby Phat	  	www.babyphat.com

					
			
	phat-fashion.ws	  	Baby Phat	  	www.babyphat.com
			
	phatfashions.com	  	Baby Phat	  	www.babyphat.com
			
	phatfashions.net	  	Baby Phat	  	www.babyphat.com
			
	phatfashions.org	  	Baby Phat	  	www.babyphat.com
			
	phatphashions.cc	  	Baby Phat	  	www.babyphat.com
			
	phatphashions.tv	  	Baby Phat	  	www.babyphat.com
			
	phatthreads.tv	  	Baby Phat	  	www.babyphat.com
			
	phat-threads.tv	  	Baby Phat	  	www.babyphat.com
			
	phatthreads.us	  	Baby Phat	  	www.babyphat.com
			
	phat-threads.us	  	Baby Phat	  	www.babyphat.com
			
	shopbabyphat.com	  	Baby Phat	  	www.babyphat.com
			
	TheHouseOfPhat.com	  	Baby Phat	  	www.babyphat.com

 EXHIBIT E 
 ROYAL ROBBINS FORM OF RELEASE 
 See attached. 

 RELEASE OF SECURITY INTEREST IN TRADEMARKS 

THIS RELEASE OF SECURITY INTEREST IN TRADEMARKS is made as of this 31st day of December, 2012, by, CERBERUS BUSINESS FINANCE, LLC, a
Delaware limited liability company, as Collateral Agent (“Agent”), in favor of KELLWOOD COMPANY, a Delaware corporation and ROYAL ROBBINS, LLC, a Delaware limited liability company (collectively the “Companies”). 

FOR GOOD AND VALUABLE CONSIDERATION, the receipt and adequacy of which are hereby acknowledged, Agent hereby unconditionally and
expressly releases, terminates, and extinguishes its continuing security interest and any and all of its right, title and interest in and to, and any and all liens and security interests it may have upon the trademarks listed on Schedule I
attached hereto and made a part hereof, all goodwill of the business connected with the use of, and symbolized by, each Trademark, and all products and proceeds of the foregoing, which liens and security interests were established under and pursuant
to that certain Trademark Security Agreement dated [October 19, 2011, made by the Companies in favor of Agent and recorded at Reel/Frame 4645/0127 on October 20, 2011.] 
 Agent consents and agrees to execute and deliver, at the request and cost of the Companies, such further instruments, documents and release forms as the Companies may reasonably request to more
effectively, release, terminate and extinguish any such liens and security interests upon such trademarks. 
 [Signature Page
Follows] 

 This Release shall be binding upon Agent’s legal representatives, assigns and
successors. 
  

			
	CERBERUS BUSINESS FINANCE, LLC, as Agent
		
	By:	 	 /s/ Philip Lindenbaum

	Name:	 	 Philip Lindenbaum

	Title:	 	 Senior Vice President

 Signature Page to Release of Security Interest in Trademarks 

 SCHEDULE I 
 US Registrations and Applications 
  

							
	 Trademark
	  	 Owner
	  	 Federal
 Registration
 Number
	  	 Registration Date

				
	 BILLY GOAT
	  	Royal Robbins, LLC	  	1,931,700	  	10/31/1995
				
	 BLUEWATER SHORT
	  	Royal Robbins, LLC	  	2,145,573	  	3/24/1998
				
	 GO EVERYWHERE
	  	Royal Robbins, LLC	  	2,350,360	  	5/16/2000
				
	 ROYAL ROBBINS
	  	Royal Robbins, LLC	  	2,428,613	  	2/13/2001
				
	 [Strider Design]
	  	Royal Robbins, LLC	  	1,303,905	  	11/6/1984
				
	 [Walking Man Design]
	  	Royal Robbins, LLC	  	3,314,387	  	10/16/2007

 EXHIBIT F 
 ROYAL ROBBINS UCC FINANCING STATEMENTS TO BE TERMINATED 
 See attached.

 

 
 UCC FINANCING STATEMENT AMENDMENT 
 FOLLOW INSTRUCTIONS (front and back) CAREFULLY 
  

																	
	
A. NAME & PHONE OF CONTACT AT FILER [optional]

 
	 	 	  		  		  	
	 	 	 	  	 	  	 	 	 	  	  		  	
	 B. SEND ACKNOWLEDGMENT TO:
(Name and Address)
  
	  		  		 	 	  	  		  	
	 	 	 	  		  		  	 	 	 	  	  		  	
	 	 	  

    
	  		  		 	 	  	  		  	
	 	 	 	  		  		  	 	 	 	  	  		  	
	 					 	
	 	 	 	  	 	  	 	  	 	 	 	  	THE ABOVE SPACE IS FOR FILING OFFICE USE
ONLY

											
	 1a. INITIAL FINANCING STATEMENT FILE #

  2012 3056225 Filed on 08/08/2012
	  	 	  	1b.
  ̈
	  	This FINANCING STATEMENT AMENDMENT is to be filed [for record] (or recorded) in the REAL ESTATE RECORDS.
	
2. x
	  	TERMINATION: Effectiveness of the Financing Statement identified above is terminated with respect
to security interest(s) of the Secured Party authorizing this Termination Statement.
	
3.  ̈
	  	CONTINUATION: Effectiveness of the Financing Statement identified above with respect to security interest(s) of the Secured Party authorizing this Continuation Statement
is continued for the additional period provided by applicable law.
	
4.  ̈
	  	ASSIGNMENT (full or partial): Give name of assignee in item 7a or 7b and address of assignee in
item 7c; and also give name of assignor in item 9.
	 5.  AMENDMENT (PARTY INFORMATION): This Amendment affects  ̈Debtor or  ̈Secured Party of
record. Check only one of these two boxes.

	
	     Also check one of the following three boxes and provide appropriate
information in items 6 and/or 7.

											
						
	
    ̈
	 	CHANGE name and/or address: Please refer to the detailed instructions in regards to changing the name/address of a party.	 	 ̈
	 	DELETE name: Give record name to be deleted in item 6a or 6b.	 	 ̈	 	ADD name: Complete item 7a or 7b, and also item 7c; also complete items 7e-7g (if applicable).
	 6. CURRENT RECORD INFORMATION:

 

											
	 OR
	  	 6a. ORGANIZATION’S NAME

Royal Robbins, LLC

	  	 6b. INDIVIDUAL’S LAST NAME

 
	  	FIRST NAME	  	MIDDLE NAME	  	SUFFIX
	 7. CHANGED (NEW) OR ADDED INFORMATION:

 

	 OR
	  	 7a. ORGANIZATION’S NAME

 

	  	 7b. INDIVIDUAL’S LAST NAME

 
	  	FIRST NAME	  	MIDDLE NAME	  	SUFFIX
	 7c. MAILING ADDRESS

 
	  	CITY	  	STATE    	  	POSTAL CODE	  	COUNTRY

											
	7d. SEE INSTRUCTIONS	 	ADD’L INFO RE ORGANIZATION DEBTOR	 	7e. TYPE OF ORGANIZATION 	 	7f. JURISDICTION OF ORGANIZATION	 	7g. ORGANIZATIONAL ID #, if any	 	 ̈ 
NONE

											
	 8. AMENDMENT (COLLATERAL CHANGE): check only one
box.

	     Describe collateral  ̈ deleted or  ̈ added, or give entire  ̈ restated
collateral description, or describe collateral  ̈
assigned.

  
  

											
	 9.
	 	 NAME OF SECURED PARTY OF RECORD AUTHORIZING THIS
AMENDMENT (name of assignor, if this is an Assignment). If this is an Amendment authorized by a Debtor which adds collateral or adds the authorizing Debtor, or if this is a Termination authorized by a Debtor, check here  ̈ and enter name of DEBTOR authorizing this Amendment.

 

											
	 OR
	 	 9a. ORGANIZATION’S NAME

Cerberus Business Finance, LLC, as Collateral Agent

	 	 9b. INDIVIDUAL’S LAST NAME

 
	  	FIRST NAME	  	MIDDLE NAME	  	SUFFIX
	 10. OPTIONAL FILER REFERENCE
DATA
  
 File with: DE - Secretary of
State

  

			
	 FILING OFFICE COPY — UCC FINANCING STATEMENT AMENDMENT (FORM UCC3) (REV. 05/22/02)

DEUCC3PNAT - 12/17/2002 Wolters Kluwer Online
	  	

 

 
 UCC FINANCING STATEMENT AMENDMENT 
 FOLLOW INSTRUCTIONS (front and back) CAREFULLY 
  

																	
	
A. NAME & PHONE OF CONTACT AT FILER [optional]

  Tom
Caplis                                        
                212-756-2251
	 	 	  		  		  	
	 	 	 	  	 	 	 	 	 	  	  		  	
	 B. SEND ACKNOWLEDGMENT TO:
(Name and Address)
  
	  		 		 	 	  	  		  	
	 	 	 	  		  		 	 	 	 	  	  		  	
	 	 	 Schulte Roth & Zabel LLP
 919 Third Avenue
 New York, NY 10022

 
 thomas.caplis@srz.com
	  		 		 	 	  	  		  	
	 	 	 	  		  		 	 	 	 	  	  		  	
	 					 	
	 	 	 	  	 	  	 	 	 	 	 	  	THE ABOVE SPACE IS FOR FILING OFFICE USE
ONLY

											
	 1a. INITIAL FINANCING STATEMENT FILE #

  117288457619 10/19/2011
	  	 	  	1b.
  ̈
	  	This FINANCING STATEMENT AMENDMENT is to be filed [for record] (or recorded) in the REAL ESTATE RECORDS.
	
2. x
	  	TERMINATION: Effectiveness of the Financing Statement identified above is terminated with respect
to security interest(s) of the Secured Party authorizing this Termination Statement.
	
3.  ̈
	  	CONTINUATION: Effectiveness of the Financing Statement identified above with respect to security interest(s) of the Secured Party authorizing this Continuation Statement
is continued for the additional period provided by applicable law.
	
4.  ̈
	  	ASSIGNMENT (full or partial): Give name of assignee in item 7a or 7b and address of assignee in
item 7c; and also give name of assignor in item 9.
	 5.  AMENDMENT (PARTY INFORMATION): This Amendment affects  ̈Debtor or  ̈Secured Party of
record. Check only one of these two boxes.

	
	     Also check one of the following three boxes and provide appropriate
information in items 6 and/or 7.

											
						
	
    ̈
	 	CHANGE name and/or address: Please refer to the detailed instructions in regards to changing the name/address of a party.	 	 ̈
	 	DELETE name: Give record name to be deleted in item 6a or 6b.	 	 ̈	 	ADD name: Complete item 7a or 7b, and also item 7c; also complete items 7e-7g (if applicable).
	 6. CURRENT RECORD INFORMATION:

 

											
	 OR
	  	 6a. ORGANIZATION’S NAME

 

	  	 6b. INDIVIDUAL’S LAST NAME

 
	  	FIRST NAME	  	MIDDLE NAME	  	SUFFIX
	 7. CHANGED (NEW) OR ADDED INFORMATION:

 

	 OR
	  	 7a. ORGANIZATION’S NAME

 

	  	 7b. INDIVIDUAL’S LAST NAME

 
	  	FIRST NAME	  	MIDDLE NAME	  	SUFFIX
	 7c. MAILING ADDRESS

 
	  	CITY	  	STATE    	  	POSTAL CODE	  	COUNTRY

											
	7d. SEE INSTRUCTIONS	 	ADD’L INFO RE ORGANIZATION DEBTOR	 	7e. TYPE OF ORGANIZATION 	 	7f. JURISDICTION OF ORGANIZATION	 	7g. ORGANIZATIONAL ID #, if any	 	 ̈ 
NONE

											
	 8. AMENDMENT (COLLATERAL CHANGE): check only one
box.

	     Describe collateral  ̈ deleted or  ̈ added, or give entire  ̈ restated
collateral description, or describe collateral  ̈
assigned.

  
  

											
	 9.
	 	 NAME OF SECURED PARTY OF RECORD AUTHORIZING THIS
AMENDMENT (name of assignor, if this is an Assignment). If this is an Amendment authorized by a Debtor which adds collateral or adds the authorizing Debtor, or if this is a Termination authorized by a Debtor, check here  ̈ and enter name of DEBTOR authorizing this Amendment.

 

											
	 OR
	 	 9a. ORGANIZATION’S NAME

Cerberus Business Finance, LLC, as Collateral Agent

	 	 9b. INDIVIDUAL’S LAST NAME

 
	  	FIRST NAME	  	MIDDLE NAME	  	SUFFIX
	 10. OPTIONAL FILER REFERENCE
DATA
  
 CM# 014951-1233 Filed with: CA - Secretary of State; Debtor:
ROYAL ROBBINS, LLC
	  	  
 F# 321561

A# 535938

 

			
	FILING OFFICE COPY — UCC FINANCING STATEMENT AMENDMENT (FORM UCC3) (REV. 05/22/02)	  	

 EXHIBIT G 
 PF FORM OF PARTIAL RELEASE 
 See attached. 

 RELEASE OF SECURITY INTEREST IN TRADEMARKS 

THIS RELEASE OF SECURITY INTEREST IN TRADEMARKS is made as of this 31st day of December, 2012, by, CERBERUS BUSINESS FINANCE, LLC, a
Delaware limited liability company, as Collateral Agent (“Agent”), in favor of KELLWOOD COMPANY, a Delaware corporation and PHAT FASHIONS LLC, a New York limited liability company (collectively the “Companies”). 

FOR GOOD AND VALUABLE CONSIDERATION, the receipt and adequacy of which are hereby acknowledged, Agent hereby unconditionally and
expressly releases, terminates, and extinguishes its continuing security interest and any and all of its right, title and interest in and to, and any and all liens and security interests it may have upon the trademarks listed on Schedule I
attached hereto and made a part hereof, all goodwill of the business connected with the use of, and symbolized by, each Trademark, and all products and proceeds of the foregoing, which liens and security interests were established under and pursuant
to that certain Trademark Security Agreement dated [October 19, 2011, made by the Companies in favor of Agent and recorded at Reel/Frame 4645/0127 on October 20, 2011.] 
 Agent consents and agrees to execute and deliver, at the request and cost of the Companies, such further instruments, documents and release forms as the Companies may reasonably request to more
effectively, release, terminate and extinguish any such liens and security interests upon such trademarks. 
 [Signature Page
Follows] 

 This Release shall be binding upon Agent’s legal representatives, assigns and
successors. 
  

			
	CERBERUS BUSINESS FINANCE, LLC, as Agent
		
	By:	 	 /s/ Philip Lindenbaum

	Name:	 	 Philip Lindenbaum

	Title:	 	 Senior Vice President

 Signature Page to Release of Security Interest in Trademarks 

 SCHEDULE I 
 US Registrations and Applications 

											
	 Trademark
	  	 Owner
	  	 Status in
 Trademark

Office
	  	 Federal
 Registration

Number
	  	 Registration Date
	  	 Class

						
	

	  	Phat Fashions LLC	  	Registered	  	3,735,330	  	1/5/2010	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	3,759,361	  	3/9/2010	  	21
						
	

	  	Phat Fashions LLC	  	Registered	  	3,624,700	  	5/19/2009	  	26
						
	

	  	Phat Fashions LLC	  	Registered	  	3,233,844	  	4/24/2007	  	9
						
	

	  	Phat Fashions LLC	  	Registered	  	3,240,184	  	5/8/2007	  	9
						
	

	  	Phat Fashions LLC	  	Registered	  	2,440,358	  	4/3/2001	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	2,538,563	  	2/12/2002	  	18
						
	

	  	Phat Fashions LLC	  	Registered	  	3,037,296	  	1/3/2006	  	25
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,613,885	  	4/28/2009	  	26
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,701,862	  	10/27/2009	  	24
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,591,599	  	3/17/2009	  	16

											
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,181,285	  	2/21/2006	  	6
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,220,372	  	3/20/2007	  	9
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,386,191	  	2/19/2008	  	35
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	2,240,881	  	4/20/1999	  	25
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	2,538,494	  	2/12/2002	  	18
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	2,736,998	  	7/15/2003	  	14
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	2,811,059	  	2/3/2004	  	9
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,004,138	  	10/4/2005	  	25
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,051,588	  	1/24/2006	  	14
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,060,441	  	2/21/2006	  	9
						
	

	  	Phat Fashions LLC	  	Registered	  	3,000,181	  	9/27/2005	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	3,743,384	  	10/26/2009	  	24
						
	

	  	Phat Fashions LLC	  	Registered	  	3,723,824	  	12/8/2009	  	21
						
	

	  	Phat Fashions LLC	  	Registered	  	3,600,115	  	3/31/2009	  	3
						
	

	  	Phat Fashions LLC	  	Registered	  	2,303,780	  	12/28/1999	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	3,004,685	  	10/4/2005	  	14
						
	

	  	Phat Fashions LLC	  	Registered (South Carolina)	  	SCO12501	  	6/28/2001	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	3,759,401	  	3/9/2010	  	3

											
						
	

	  	Phat Fashions LLC	  	Registered	  	3,735,329	  	1/5/2010	  	24
						
	

	  	Phat Fashions LLC	  	Registered	  	3,723,825	  	12/8/2009	  	21
						
	

	  	Phat Fashions LLC	  	Registered	  	3,551,930	  	12/23/2008	  	20
						
	

	  	Phat Fashions LLC	  	Registered	  	3,109,678	  	6/27/2006	  	9
						
	

	  	Phat Fashions LLC	  	Registered	  	2,429,559	  	2/20/2001	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	2,541,251	  	2/19/2002	  	18
						
	

	  	Phat Fashions LLC	  	Registered	  	2,881,224	  	917/2004	  	9
						
	

	  	Phat Fashions LLC	  	Registered	  	3,000,182	  	9/27/2005	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	3,006,170	  	10/11/2005	  	14

											
						
	BABY PHAT GIRLZ	  	Phat Fashions LLC	  	Registered	  	3,149,054	  	9/26/2006	  	25
						
	BABY PHAT GIRLZ	  	Phat Fashions LLC	  	Registered	  	2,557,269	  	4/2/2002	  	25
						
	BABY PHAT GIRLZ	  	Phat Fashions LLC	  	Registered	  	2,867,090	  	7/27/2004	  	18
						
	BABY PHAT GODDESS	  	Phat Fashions LLC	  	Registered	  	3,512,917	  	10/7/2008	  	3
						
	

	  	Phat Fashions LLC	  	Registered	  	3,512,918	  	10/7/2008	  	3
						
	BABY PHAT GOLDEN GODDESS	  	Phat Fashions LLC	  	Registered	  	3,366,942	  	1/8/2008	  	3
						
	

	  	Phat Fashions LLC	  	Registered	  	3,374,112	  	1/22/2008	  	3
						
	BABY PHAT SEDUCTIVE GODDESS	  	Phat Fashions LLC	  	Registered	  	3,860,529	  	10/12/2010	  	3
						
	PHAT	  	Phat Fashions LLC	  	Registered	  	2,372,748	  	8/1/2000	  	25

 Foreign Trademarks: 
  

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition
Status

	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Argentina	  	Pending	  	[s/n 3,045,665]	  	[filed
11/11/2010]	  	25	  	In January of 2012, application was opposed by Empresas CMPC S.A. on the basis that it is confusingly similar to its own applications or registrations for the marks
BABY SEC, BABYSEC BASIO, BABYSEC, and BABY SEC LO HIZO. Instructed counsel to initiate negotiations with opponent and argue that several applications for marks containing the word “BABY” have registered in the Argentinian Trademark
Office.

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition
Status

	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Australia	  	Registered	  	774453	  	9/30/1998	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Australia	  	Registered	  	1,066,407	  	7/11/2005	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Bahrain	  	Registered	  	44076	  	4/10/2005	  	18	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Bahrain	  	Registered	  	44077	  	4/10/2005	  	25	  	N/A
	PHAT	  	 Phat
 Fashions

LLC
	  	Benelux	  	Renewed	  	552164	  	4/27/1994	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Bolivia	  	Registered	  	87321-C	  	7/16/2002	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Brazil	  	 Pending

(Suspended)
	  	[s/n
821.880.675]	  	[filed
 8/2/1999]
	  	25	  	This application is being kept in abeyance until final decisions rendered with respect to Application Nos. 821.346.300 for PHAT FARM and 821.346.326 for THE PHAT FARM NYC FINE
QUALITY AUTHENTIC FLY GOODS. These applications are being kept in abeyance until a final decision is rendered with respect to Application No. 820.033.146 for FARM RIO in Class 25. Counsel filed a petition to disassociate the BABY PHAT
application from the PHAT FARM applications, but as of March 2011, no response had been received from the Trademark Office.

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition
Status

	

	  	 Phat
 Fashions

LLC
	  	Brazil	  	Pending	  	[s/n
830.448.829]	  	[filed
 11/27/2009]
	  	25	  	 The granting of this application was published in the Official Gazette on August 21, 2012. Counsel

paid the registration fees,
 and the registration
certificate is forthcoming.

	

	  	 Phat
 Fashions

LLC
	  	Brazil	  	Pending	  	[s/n
830.448.810]	  	[filed
 11/27/2009]
	  	14	  	The granting of this application was published in the Official Gazette on August 21, 2012. Counsel paid the registration fees, and the registration certificate is
forthcoming.
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Bulgaria	  	Registered	  	64975	  	5/12/2008	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Bulgaria	  	Registered	  	64976	  	5/12/2008	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Bulgaria	  	Registered	  	64977	  	5/12/2008	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Bulgaria	  	Registered	  	62247	  	12/3/2007	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Canada	  	Registered	  	760154	  	2/24/2010	  	3	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Canada	  	Registered	  	557141	  	1/30/2002	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Canada	  	Registered	  	760461	  	2/26/2010	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Canada	  	Registered	  	761902	  	3/17/2010	  	9, 18,
 25
	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Canada	  	Registered	  	762606	  	3/24/2010	  	9, 18,
25	  	N/A
	BABY PHAT GODDESS	  	 Phat
 Fashions

LLC
	  	Canada	  	Registered	  	722944	  	9/4/2008	  	3	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition
Status

	

	  	 Phat
 Fashions

LLC
	  	Canada	  	Registered	  	772952	  	9/4/2008	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Canada	  	Registered	  	761903	  	3/17/2010	  	9,
18,
25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Chile	  	Registered	  	879694	  	1/18/2000	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,924,866	  	3/28/2009	  	3	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,924,867	  	2/14/2009	  	14	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	1,358,532	  	1/28/2000	  	25	  	N/A
	BABY PHAT	  	Phat Fashions LLC	  	 China

(Peoples’
 Republic)
	  	Registered	  	6,553,521	  	6/21/2010	  	18	  	N/A
	

	  	Phat Fashions LLC	  	 China

(Peoples’
 Republic)
	  	Registered	  	6,553,522	  	6/21/2010	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,518,596	  	12/14/2008	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,518,595	  	2/7/2009	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,518,708	  	5/28/2008	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Pending	  	[s/n
6,848,582]	  	[filed
 7/18/2008]
	  	25	  	In March of 2010, the application was refused, and so Phat filed a review of the refusal in April of 2010. The examination of Phat’s application for review of the refusal is
still pending.

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition
Status

	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,518,597	  	5/28/2008	  	14	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	 Pending

(Suspended)
	  	[s/n
4,518,709]	  	[filed
 3/1/2005]
	  	9	  	In August of 2007, the application was refused, and so Phat filed a review of the refusal. The examination of Phat’s application for review of the refusal is still
pending.
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Pending	  	[s/n
6,848,581]	  	[filed
 7/18/2008]
	  	25	  	In March of 2010, the application was refused, and so Phat filed a review of the refusal in April of 2010. The examination of Phat’s application for review of the refusal is
still pending.
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	 Pending

(Suspended)
	  	[s/n
4,518,593]	  	[filed
 3/1/2005]
	  	9	  	In August of 2007, the application was refused, and so Phat filed a review of the refusal. The examination of Phat’s application for review of the refusal is still
pending.
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,518,590	  	2/7/2009	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,518,594	  	5/28/2008	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,518,592	  	5/28/2008	  	14	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 China

(Peoples’
 Republic)
	  	Registered	  	4,518,591	  	12/14/2008	  	18	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Colombia	  	Registered	  	235387	  	4/27/2001	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Cyprus, Republic of	  	Registered	  	71302	  	4/14/2005	  	25	  	N/A
	BABY PHAT	  	 Phat Fashions

LLC
	  	Cyprus, Republic of	  	Registered	  	71301	  	4/14/2005	  	18	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition
Status

	PHAT	  	 Phat
 Fashions

LLC
	  	Denmark	  	Renewed	  	4608/94	  	7/8/1994	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 Dominican

Republic
	  	Registered	  	107843	  	10/30/1999	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 Dominican

Republic
	  	Registered	  	107837	  	10/30/1999	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Ecuador	  	Registered	  	3430-00	  	6/26/2000	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Egypt	  	Registered	  	201585	  	9/8/2009	  	18	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Egypt	  	Registered	  	201586	  	5/23/2007	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	El Salvador	  	Registered	  	144 Book
136	  	8/10/2001	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 European

Community
	  	Registered	  	000881524	  	10/13/1999	  	9, 18,
 25
	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 European

Community
	  	Registered	  	004923553	  	3/29/2007	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 European

Community
	  	Registered	  	004643342	  	9/20/2005	  	9, 18,
 25
	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 European

Community
	  	Registered	  	004923777	  	3/30/2007	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 European

Community
	  	Registered	  	004643375	  	8/2/2007	  	9, 18,
25	  	N/A
	PHAT	  	 Phat
 Fashions

LLC
	  	France	  	Registered	  	93/481938	  	8/31/1993	  	9, 25,
42	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Guatemala	  	Registered	  	104571	  	5/23/2000	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions
LLC
	  	Honduras	  	Registered	  	99956	  	2/21/2007	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition
Status

	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	300498736	  	9/21/2005	  	3, 14	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	301048590	  	2/11/2008	  	18	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	200215781	  	8/26/1998	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	301048608	  	2/11/2008	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	300498727	  	9/21/2005	  	3, 14	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	3004497944	  	9/20/2005	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	301048617	  	2/11/2008	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	300498718	  	9/21/2005	  	3, 14	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	301048626	  	2/11/2008	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Registered	  	300497935	  	9/20/2005	  	25	  	N/A
	PHAT	  	 Phat
 Fashions

LLC
	  	Hong Kong	  	Renewed	  	3613/95	  	4/26/1993	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	India	  	Registered	  	1,275,909	  	1/17/2006	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
 Registration

Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition
Status

	

	  	 Phat
 Fashions

LLC
	  	Indonesia	  	Pending	  	[s/n
D00.2009.0006
75]	  	[filed
 1/9/2009]
	  	25	  	In August of 2010, the Indonesian Trademark Office rejected this application due to its similarity to the prior trademark application (No. D002007014087) for BABYPHAT
and Device filed by Rosni Kosman. Phat filed an opposition to this application as well as a response to the office action on September 2, 2010 and is still awaiting a decision.
	

	  	 Phat
 Fashions

LLC
	  	Indonesia	  	Pending	  	[s/n
 D00.2009.0006
76]
	  	[filed
 1/9/2009]
	  	18	  	In August of 2010, the Indonesian Trademark Office rejected this application due to its similarity to the prior trademark application (No. D002007014087) for BABYPHAT
and Device filed by Rosni Kosman. Phat filed an opposition to this application as well as a response to the office action on September 2, 2010 and is still awaiting a decision.
	

	  	 Phat
 Fashions

LLC
	  	 International

Registration
 (Madrid

Protocol)
	  	Registered	  	IR 905391	  	3/3/2006	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 International

Registration
 (Madrid

Protocol)
	  	Registered	  	IR 882532	  	2/22/2006	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Italy	  	Registered	  	1432026	  	3/10/2011	  	25	  	N/A
	PHAT	  	 Phat
 Fashions

LLC
	  	Italy	  	Renewed	  	00695475	  	5/3/1994	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Japan	  	Registered	  	4692771	  	7/18/2003	  	14, 18	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Japan	  	Registered	  	4293397	  	7/9/1999	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Japan	  	Registered	  	5101609	  	12/28/2007	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Japan	  	Registered	  	5170939	  	10/3/2008	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Japan	  	Registered	  	4896783	  	9/22/2005	  	3, 9,
 14,
 18, 25
	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Japan	  	Registered	  	4896782	  	9/22/2005	  	3, 9	  	N/A
	PHAT	  	 Phat
 Fashions

LLC
	  	Japan	  	Renewed	  	3370202	  	9/11/1998	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Jordan	  	Registered	  	91564	  	4/10/2007	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Jordan	  	Registered	  	91563	  	4/10/2007	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Korea, Republic of	  	Registered	  	0458243	  	11/9/1999	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Korea, Republic of	  	Registered	  	40-0678282	  	9/14/2006	  	3, 14	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Korea, Republic of	  	Registered	  	40-0664997	  	6/5/2006	  	3, 9,
 14,
 18, 25
	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Korea, Republic of	  	Registered	  	40-0664996	  	6/5/2006	  	3, 9,
 14,
 18, 25
	  	N/A
	PHAT	  	 Phat
 Fashions

LLC
	  	Korea, Republic of	  	Renewed	  	315203	  	6/10/1995	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Kuwait	  	Registered	  	59255	  	5/28/2005	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Kuwait	  	Registered	  	58934	  	5/28/2005	  	18	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Lebanon	  	Registered	  	110636	  	4/17/2007	  	18, 25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Macao	  	Registered	  	19197	  	2/9/2006	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Macao	  	Registered	  	19203	  	2/9/2006	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Macao	  	Registered	  	19202	  	2/9/2006	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Mexico	  	Registered	  	910763	  	11/28/2005	  	9	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Mexico	  	Registered	  	878711	  	4/27/2005	  	3	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Mexico	  	Renewed	  	589794	  	8/20/1998	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Mexico	  	Registered	  	1196685	  	1/14/2011	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Mexico	  	Registered	  	912979	  	12/8/2005	  	9	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Mexico	  	Registered	  	878135	  	4/26/2005	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Mexico	  	Registered	  	1083925	  	2/12/2009	  	9	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Mexico	  	Registered	  	1131983	  	11/26/2009	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Mexico	  	Pending	  	[s/n
 911173]
	  	[filed
 2/2/2008]
	  	25	  	This application was rejected due to the trademark registration (No. 977592) for LADY PARIS and Cat Design (see below for further detail on the Cancellation Action that Phat
Fashions filed against this registration).

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

	

	  	 Phat
 Fashions

LLC
	  	Mexico	  	Registered	  	912980	  	12/8/2005	  	9	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 New
 Zealand
	  	Renewed	  	297097	  	8/24/1998	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 New
 Zealand
	  	Registered	  	732424	  	7/11/2005	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Nicaragua	  	Registered	  	46047 C.C.	  	1/5/2001	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Norway	  	Registered	  	202429	  	4/17/2000	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Norway	  	Registered	  	237042	  	1/2/2007	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Norway	  	Registered	  	237043	  	1/2/2007	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Norway	  	Registered	  	237045	  	1/2/2007	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Oman	  	Registered	  	43811	  	1/30/2008	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Oman	  	Registered	  	43810	  	11/11/2007	  	18	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Panama	  	Registered	  	102243	  	8/13/1999	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Paraguay	  	Registered	  	222339	  	2/7/2000	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Peru	  	Registered	  	058267	  	10/15/1999	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

	

	  	 Phat
 Fashions

LLC
	  	Peru	  	Registered	  	176049	  	5/23/2011	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Peru	  	Registered	  	175423	  	3/31/2011	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Qatar	  	Registered	  	44406	  	4/25/2007	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Qatar	  	Registered	  	44407	  	4/25/2007	  	18	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Romania	  	Registered	  	074184	  	1/11/2006	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Romania	  	Registered	  	074185	  	1/11/2006	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Romania	  	Registered	  	074176	  	1/11/2006	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Romania	  	Registered	  	074186	  	1/11/2006	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 Russian

Federation
	  	Registered	  	276912	  	10/21/2004	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 Russian

Federation
	  	Registered	  	321362	  	2/19/2007	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 Russian

Federation
	  	Registered	  	269478	  	5/31/2004	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 Russian

Federation
	  	Registered	  	322147	  	3/12/2007	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 Saudi
 Arabia
	  	Registered	  	996/75	  	6/19/2008	  	18	  	N/A
	BABY PHAT	  	 Phat
 Fashions
LLC
	  	 Saudi
 Arabia
	  	Registered	  	955/10	  	11/10/2007	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Pending	  	[s/n
2004/01908]	  	[filed
 2/11/2004]
	  	14	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and
18.
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Pending	  	[s/n
2004/01910]	  	[filed
 2/11/2004]
	  	25	  	 This application has been rejected by the Registrar due to the following registrations:

 

•        2002/01162 PHAT HAIR in Class 3 in the name of Designer
Group (Pty) Ltd.
  

•        2002/19607 PHAT FARM in Class 25 in the name of J & L
Sales CC
  

•        1998/12663 PHAT JOE in Class 25 in the name of Black
Chameleon Entertainment CC
  

•        2001/18594 PHAT in Class 25 in the name of Truworths
Ltd
  

•        2002/00488 PHAT BASTARD in Class 25 in the name of
Alcon Impex (Pty) Ltd
  

•        2003/16633 PHATCAT in Class 25 in the name of Reldann
Properties No. 2 CC

	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Pending	  	[s/n
2004/01909]	  	[filed
 2/11/2004]
	  	18	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and
18.
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Pending	  	[s/n
2004/01907]	  	[filed
 2/11/2004]
	  	9	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and
18.

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

	

	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Registered	  	2004/01942	  	8/13/2008	  	9	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Registered	  	2004/01944	  	8/13/2008	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Registered	  	2004/01941	  	8/13/2008	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Registered	  	2004/01945	  	8/13/2008	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Registered	  	2004/01943	  	8/13/2008	  	14	  	N/A
	PHAT	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Pending	  	[s/n
2004/01899]	  	[filed
 2/11/2004]
	  	18	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and
18.
	PHAT	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Pending	  	[s/n
2004/01898]	  	[filed
 2/11/2004]
	  	14	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and
18.
	PHAT	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Pending	  	[s/n
2004/01897]	  	[filed
 2/11/2004]
	  	9	  	 This application has been rejected by the Registrar due to the following registrations:

 

•        2002/01162 PHAT HAIR in Class 3 in the name of Designer
Group (Pty) Ltd.
  

•        2002/19607 PHAT FARM in Class 25 in the name of J & L
Sales CC
  

•        1998/12663 PHAT JOE in Class 25 in the name of Black
Chameleon Entertainment CC

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

		  		  		  		  		  		  		  	 •        2001/18594 PHAT in Class 25 in the name
of Truworths Ltd
  

•        2002/00488 PHAT BASTARD in Class 25 in the name of Alcon
Impex (Pty) Ltd
  

•        2003/16633 PHATCAT in Class 25 in the name of Reldann
Properties No. 2 CC

	PHAT	  	 Phat
 Fashions

LLC
	  	 South
 Africa
	  	Pending	  	[s/n
2004/01900]	  	[filed
 2/11/2004]
	  	25	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and
18.
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Sweden	  	Registered	  	337019	  	5/5/2000	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Switzerland	  	Registered	  	470.895	  	10/19/1999	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Switzerland	  	Registered	  	543.074	  	2/23/2006	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Switzerland	  	Registered	  	543.075	  	2/23/2006	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Switzerland	  	Registered	  	543.076	  	2/23/2006	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1213413	  	6/16/2006	  	3	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1211505	  	6/1/2006	  	14	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1252965	  	3/1/2007	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1213415	  	6/16/2006	  	3	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

	

	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1211507	  	6/1/2006	  	14	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1346472	  	1/16/2009	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1252970	  	3/1/2007	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1213414	  	6/16/2006	  	3	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1211506	  	6/1/2006	  	14	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Registered	  	1252969	  	3/1/2007	  	25	  	N/A
	PHAT	  	 Phat
 Fashions

LLC
	  	Taiwan	  	Renewed	  	626361	  	1/1/1994	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Thailand	  	Registered	  	215635	  	3/23/2005	  	18	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Thailand	  	Registered	  	240010	  	2/24/2004	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Turkey	  	Registered	  	2005/08321	  	3/11/2005	  	18, 25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Turkey	  	Registered	  	2002/14586	  	6/13/2002	  	3, 14,
18, 25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Turkey	  	Registered	  	2006/01384	  	1/18/2006	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	Turkey	  	Registered	  	2006/01500	  	1/19/2006	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

	

	  	 Phat
 Fashions

LLC
	  	Turkey	  	Registered	  	2006/01498	  	1/19/2006	  	25	  	N/A
	PHAT	  	 Phat
 Fashions

LLC
	  	Turkey	  	Registered	  	2002/14585	  	6/13/2002	  	3, 14,
18, 25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	United Arab Emirates	  	Registered	  	58642	  	3/14/2006	  	18	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	 United Arab

Emirates
	  	Registered	  	58641	  	3/14/2006	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	United Arab Emirates	  	Registered	  	85293	  	11/26/2007	  	25	  	N/A
	

	  	 Phat
 Fashions

LLC
	  	 United
 Kingdom

(Madrid
 Protocol)
	  	Registered	  	IR 905391	  	3/3/2006	  	3	  	N/A
	PHAT	  	 Phat
 Fashions

LLC
	  	 United
 Kingdom
	  	Renewed	  	1545530	  	8/19/1993	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Uruguay	  	Registered	  	314.451	  	2/16/2000	  	25	  	N/A
	BABY PHAT	  	 Phat
 Fashions

LLC
	  	Venezuela	  	Registered	  	P-219.712	  	4/7/2000	  	25	  	N/A

 RELEASE OF SECURITY INTEREST IN COPYRIGHTS 

THIS RELEASE OF SECURITY INTEREST IN COPYRIGHTS is made as of this 31st day of December, 2012, by, CERBERUS BUSINESS FINANCE, LLC, a
Delaware limited liability company, as Collateral Agent (“Agent”), in favor of KELLWOOD COMPANY, a Delaware corporation and PHAT FASHIONS LLC, a New York limited liability company (collectively the “Companies”). 

FOR GOOD AND VALUABLE CONSIDERATION, the receipt and adequacy of which are hereby acknowledged, Agent hereby unconditionally and
expressly releases, terminates, and extinguishes its continuing security interest and any and all of its right, title and interest in and to, and any and all liens and security interests it may have upon the copyrights listed on Schedule I
attached hereto and made a part hereof, all goodwill of the business connected with the use of, and symbolized by, each Copyright, and all products and proceeds of the foregoing, which liens and security interests were established under and pursuant
to that certain Copyright Security Agreement dated October 19, 2011, made by the Companies in favor of Agent and recorded at Reel/Frame 3610/171 on November 14, 2011. 

Agent consents and agrees to execute and deliver, at the request and cost of the Companies, such further instruments, documents and
release forms as the Companies may reasonably request to more effectively, release, terminate and extinguish any such liens and security interests upon such trademarks. 
 [Signature Page Follows] 

 This Release shall be binding upon Agent’s legal representatives, assigns and
successors. 
  

			
	CERBERUS BUSINESS FINANCE, LLC, as Agent
		
	By:	 	 /s/ Philip Lindenbaum

	Name:	 	 Philip Lindenbaum

	Title:	 	 Senior Vice President

 Signature Page to Release of Security Interest in Copyrights 

 SCHEDULE I 
  

									
	 Title
	  	 Owner
	  	 Status in
Copyright
Office
	  	 Federal
 Registration

Number
	  	 Registration Date

					
	“Baby Phat” and Cat Design	  	Phat Fashions, LLC	  	Registered	  	VA-852-101	  	11/25/1998
					
	Baby Phat Crown Badge	  	Phat Fashions, LLC	  	Registered	  	VA-0001622877	  	10/29/2007
					
	Baby Phat Crown Burst	  	Phat Fashions, LLC	  	Registered	  	VA-0001622872	  	10/29/2007

 EXHIBIT H 
 PF UCC FINANCING STATEMENTS TO BE SUBJECT TO PARTIAL RELEASE 
 See attached.

 

 
 UCC FINANCING STATEMENT AMENDMENT 
 FOLLOW INSTRUCTIONS (front and back) CAREFULLY 

																	
	
A. NAME & PHONE OF CONTACT AT FILER [optional]

  Tom
Caplis                                        
                212-756-2251
	 	 	  		  		  	
	 	 	 	  	 	 	 	 	 	  	  		  	
	 B. SEND ACKNOWLEDGMENT TO:
(Name and Address)
  
	  		 		 	 	  	  		  	
	 	 	 	  		  		 	 	 	 	  	  		  	
	 	 	 Schulte Roth & Zabel LLP
 919 Third Avenue
 New York, NY 10022

 
 thomas.caplis@srz.com
	  		 		 	 	  	  		  	
	 	 	 	  		  		 	 	 	 	  	  		  	
	 					 	
	 	 	 	  	 	  	 	 	 	 	 	  	THE ABOVE SPACE IS FOR FILING OFFICE USE
ONLY

											
	 1a. INITIAL FINANCING STATEMENT FILE #

  201110200556928 10/20/2011
	  	 	  	1b.
  ̈
	  	This FINANCING STATEMENT AMENDMENT is to be filed [for record] (or recorded) in the REAL ESTATE RECORDS.
	
2.  ̈
	  	TERMINATION: Effectiveness of the Financing Statement identified above is terminated with respect
to security interest(s) of the Secured Party authorizing this Termination Statement.
	
3.  ̈
	  	CONTINUATION: Effectiveness of the Financing Statement identified above with respect to security interest(s) of the Secured Party authorizing this Continuation Statement
is continued for the additional period provided by applicable law.
	
4.  ̈
	  	ASSIGNMENT (full or partial): Give name of assignee in Item 7a or 7b and address of assignee in
Item 7c; and also give name of assignor in Item 9.
	 5.  AMENDMENT (PARTY INFORMATION): This Amendment affects  ̈ Debtor or  ̈ Secured
Party of record. Check only one of these two boxes.

	
	     Also check one of the following three boxes and provide appropriate
information in items 6 and/or 7.

											
						
	
    ̈
	 	CHANGE name and/or address: Please refer to the detailed instructions in regards to changing the name/address of a party.	 	 ̈
	 	DELETE name: Give record name to be deleted in item 6a or 6b.	 	 ̈	 	ADD name: Complete item 7a or 7b, and also item 7c; also complete items 7e-7g (if applicable).
	 6.  CURRENT RECORD
INFORMATION:

											
	 OR 
	  	 6a. ORGANIZATION’S NAME

 

	  	 6b. INDIVIDUAL’S LAST NAME

 
	  	FIRST NAME	  	MIDDLE NAME	  	SUFFIX
	 7.  CHANGED (NEW) OR ADDED INFORMATION:

	 OR 
	  	 7a. ORGANIZATION’S NAME

 

	  	 7b. INDIVIDUAL’S LAST NAME

 
	  	FIRST NAME	  	MIDDLE NAME	  	SUFFIX
	 7c.  MAILING ADDRESS

 
	  	CITY	  	STATE    	  	POSTAL CODE	  	COUNTRY

											
	7d. SEE INSTRUCTIONS 	 	ADD’L INFO RE ORGANIZATION DEBTOR	 	7e. TYPE OF ORGANIZATION 	 	7f. JURISDICTION OF ORGANIZATION	 	7g. ORGANIZATIONAL ID #, if any	 	 ̈ 
NONE

											
	 8. AMENDMENT (COLLATERAL CHANGE): check only one
box.

	     Describe collateral x deleted or  ̈ added, or give entire  ̈ restated
collateral description, or describe collateral  ̈
assigned.

 Secured Party hereby releases all right, title and interest in and to
all Purchased Assets, as more particularly described in the definition of “Purchased Assets”, as set forth in that certain Purchase Agreement, dated as of December 11, 2012, by and between Debtor and Baby Phat Holding Company, LLC
(the “Purchase Agreement”), as such Purchase Agreement was in effect on December 11, 2012. 
  

 

											
	 9.
	 	NAME OF SECURED PARTY OF RECORD AUTHORIZING THIS AMENDMENT (name of assignor, if this is an
Assignment). If this is an Amendment authorized by a Debtor which adds collateral or adds the authorizing Debtor, or if this is a Termination authorized by a Debtor, check here  ̈  and enter name of DEBTOR authorizing this Amendment.

											
	 OR 
	 	 9a. ORGANIZATION’S NAME

Cerberus Business Finance, LLC, as Collateral Agent

	 	 9b. INDIVIDUAL’S LAST NAME

 
	  	FIRST NAME	  	MIDDLE NAME	  	SUFFIX
	 10. OPTIONAL FILER REFERENCE
DATA
 CM# 014951-1233 Filed with: NY - Secretary of State; Debtor: PHAT FASHIONS LLC
	  	F#321554        
 A#535940        

  

	
	FILING OFFICE COPY — UCC FINANCING STATEMENT AMENDMENT (FORM UCC3) (REV. 05/22/02)EX-10.36

 Exhibit 10.36 

EXECUTION COPY 
 MODIFICATION TO
CONSENT AND AMENDMENT NO. 4 
 TO TERM LOAN AGREEMENT 

THIS MODIFICATION TO CONSENT AND AMENDMENT NO. 4 TO TERM LOAN AGREEMENT (this “Modification to Consent”) is entered into as
of March     , 2013, by and among the Lenders identified on the signature pages hereof (such Lenders, together with their respective successors and permitted assigns, are referred to hereinafter each individually as a
“Lender” and collectively as the “Lenders”), CERBERUS BUSINESS FINANCE LLC, as agent for the Lenders (in such capacity, “Agent”), KELLWOOD COMPANY, a Delaware corporation
(“Parent”), the Domestic Subsidiaries of Parent party hereto as Borrowers (together with Parent, “Borrowers”) and the other Obligors party hereto (together with the Borrowers, the “Loan Parties”).

 WHEREAS, the Loan Parties, Agent, and Lenders are parties to that certain Term Loan Agreement dated as of October 19, 2011 (as
amended, modified or supplemented from time to time, the “Term Loan Agreement”); 
 WHEREAS, the Loan Parties, Agent and
Lenders are also parties to that certain Consent and Amendment No. 3 to Term Loan Agreement dated as of December 31, 2012 (the “Phat Fashions Consent”); 

WHEREAS, pursuant to the Phat Fashions Consent, Agent and Lenders consented to the sale by Phat Fashions of the PF Transferred Assets to PF
Purchaser pursuant to the Phat Fashions Purchase Agreement, subject to certain terms and conditions; 
 WHERAS, the Loan Parties have
requested that certain of such terms and conditions to such consent be modified and Agent and Lenders are willing to provide their consent to such modification on the terms provided herein; 

NOW THEREFORE, in consideration of the premises and mutual agreements herein contained, the parties hereto agree as follows: 

1. Defined Terms. Unless otherwise defined herein, capitalized terms used herein shall have the meanings ascribed to such terms in the
Phat Fashions Consent. 
 2. Amendments to Phat Fashions Consent. In reliance upon the representations and warranties of the Borrower
set forth in Section 6 below and subject to the conditions to effectiveness set forth in Section 5 below, the Phat Fashions Consent is hereby amended as follows: 

(a) Section 2(ii) is amended and restated in its entirety as follows: 

(ii) the sale by Phat Fashions of the PF Transferred Assets to PF Purchaser pursuant to the Phat Fashions Purchase Agreement
and the release of Agent’s Lien on the PF Transferred Assets, in each case, so long as (A) such sale is consummated on or before May 31, 2013, (or such later date as Agent shall agree to), (B) the amount of the gross proceeds
arising from the cash purchase price paid on the Closing (as defined in the Phat Fashions Purchase Agreement) for the 

 
PF Transferred Assets (such amount, the “Initial PF Consideration”) is at least $4,800,000, and (C) the Net Cash Proceeds of the Initial PF Consideration is remitted
directly to Agent for application to the outstanding Revolving Loans, 
 (b) The Phat Fashions Purchase Agreement attached as Exhibit C to
the Phat Fashions Consent is replaced with Exhibit C hereto. All references to the Phat Fashions Purchase Agreement shall mean the agreement attached hereto as Exhibit C. 

3. Continuing Effect. Except as expressly set forth in Section 2 of this Modification to Consent, nothing in this
Modification to Consent shall constitute a modification or alteration of the terms, conditions or covenants of the Term Loan Agreement or any other Loan Document (including the Phat Fashions Consent), or a waiver of any other terms or provisions
thereof, and the Term Loan Agreement and the other Loan Documents shall remain unchanged and shall continue in full force and effect, in each case as amended hereby. 

4. Reaffirmation and Confirmation; Covenant. 

(a) Each Loan Party hereby ratifies, affirms, acknowledges and agrees that the Term Loan Agreement and the other Loan Documents represent the
valid, enforceable (except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally) and collectible obligations of such Loan Party, and further acknowledges that there
are no existing claims, defenses, personal or otherwise, or rights of setoff whatsoever with respect to the Term Loan Agreement or any other Loan Document. Each Loan Party hereby agrees that this Modification to Consent in no way acts as a release
or relinquishment of the Liens and rights securing payments of the Obligations. The Liens and rights securing payment of the Obligations are hereby ratified and confirmed by each Loan Party in all respects. 

(b) Each of (i) SCSF Kellwood Finance, LLC (“SCSF Finance”) and Sun Kellwood Finance, LLC (“Sun
Finance”, and together with SCSF Finance, the “Sun Guarantors”) hereby ratifies, affirms, acknowledges and agrees that its obligations under that certain Guaranty, dated as of October 19, 2011, made by the Sun
Guarantors in favor of the Agent remain in full force and effect and (ii) SK Financial Services Corp. hereby ratifies, affirms, acknowledges and agrees that its obligations under that certain Limited Guaranty dated as of March 23, 2012,
made by SK Financial Services Corp. in favor of the Agent remains in full force and effect. 
 5. Conditions to Effectiveness. This
Modification to Consent shall become effective upon the satisfaction of each of the following conditions precedent, each in form and substance acceptable to Agent: 

(a) Agent shall have received a fully executed copy of this Modification to Consent; 

(b) Agent shall have received a fully executed copy of an amendment to the Revolver Loan Documents, with respect to the matters addressed in
this Modification to Consent; 

  
 -2- 

 (c) Agent shall have received a fully executed copy of an amendment to the Sun Loan Documents,
with respect to the matters addressed in this Modification to Consent; 
 (d) No Default or Event of Default shall have occurred and be
continuing on the date hereof or as of the date of the effectiveness of this Modification to Consent. 
 6. Representations and
Warranties. In order to induce Agent and Lenders to enter into this Modification to Consent, each Loan Party hereby represents and warrants to Agent and Lenders that, after giving effect to this Modification to Consent: 

(a) All representations and warranties contained in the Term Loan Agreement and the other Loan Documents are true and correct in all material
respects on and as of the date of this Modification to Consent, in each case as if then made, other than representations and warranties that expressly relate solely to an earlier date (in which case such representations and warranties were true and
correct in all material respects on and as of such earlier date); 
 (b) No Default or Event of Default has occurred and is continuing; and

 (c) This Modification to Consent and the Term Loan Agreement, as modified hereby, constitute legal, valid and binding obligations of each
Loan Party and are enforceable against each Loan Party in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally. 

7. Miscellaneous. 
 (a)
Expenses. The Loan Parties jointly and severally agree to pay on demand all expenses of Agent (including, without limitation, the fees and expenses of outside counsel for Agent) in connection with the preparation, negotiation, execution,
delivery and administration of this Modification to Consent and all other instruments or documents provided for herein or delivered or to be delivered hereunder or in connection herewith, all in accordance with Section 3.4 of the Term Loan
Agreement. All obligations provided herein shall survive any termination of this Modification to Consent and the Term Loan Agreement as modified hereby. 

(b) Governing Law. This Modification to Consent shall be a contract made under and governed by the internal laws of the State of New
York. 
 (c) Counterparts. This Modification to Consent may be executed in any number of counterparts, and by the parties hereto on
the same or separate counterparts, and each such counterpart, when executed and delivered, shall be deemed to be an original, but all such counterparts shall together constitute but one and the same Amendment. Delivery of an executed counterpart of
this Modification to Consent by facsimile or electronic mail shall be equally effective as delivery of an original executed counterpart of this Modification to Consent. 

8. Release. 
 (a) In
consideration of the agreements of Agent and Lenders contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby 

  
 -3- 

 
acknowledged, each Loan Party, on behalf of itself and its successors, assigns, and other legal representatives, hereby absolutely, unconditionally and irrevocably releases, remises and forever
discharges Agent and Lenders, and their successors and assigns, and their present and former shareholders, affiliates, subsidiaries, divisions, predecessors, directors, officers, attorneys, employees, agents and other representatives (Agent, each
Lender and all such other Persons being hereinafter referred to collectively as the “Releasees” and individually as a “Releasee”), of and from all demands, actions, causes of action, suits, controversies, damages
and any and all other claims, counterclaims, defenses, rights of set-off, demands and liabilities whatsoever (individually, a “Claim” and collectively, “Claims”) of every name and nature, known or unknown, suspected
or unsuspected, both at law and in equity, which any Loan Party or any of their respective successors, assigns, or other legal representatives may now or hereafter own, hold, have or claim to have against the Releasees or any of them for, upon, or
by reason of any circumstance, action, cause or thing whatsoever in relation to, or in any way in connection with any of the Term Loan Agreement, or any of the other Loan Documents or transactions thereunder or related thereto which arises at any
time on or prior to the day and date of this Modification to Consent. 
 (b) Each Loan Party understands, acknowledges and agrees that the
release set forth above may be pleaded as a full and complete defense and may be used as a basis for an injunction against any action, suit or other proceeding which may be instituted, prosecuted or attempted in breach of the provisions of such
release. 
 (c) Each Loan Party agrees that no fact, event, circumstance, evidence or transaction which could now be asserted or which may
hereafter be discovered shall affect in any manner the final, absolute and unconditional nature of the release set forth above. 
 [signature
pages follow] 

  
 -4- 

 IN WITNESS WHEREOF, the parties hereto have caused this Modification to Consent to be executed by
their respective officers thereunto duly authorized and delivered as of the date first above written. 
 BORROWERS:

 KELLWOOD COMPANY 

KELLWOOD FINANCIAL RESOURCES, INC. 

(formerly known as Newkell, Inc.) 

KWD HOLDINGS, INC. 

PHAT FASHIONS LLC 

PHAT LICENSING LLC 

ZOBHA, LLC 

MEOW INC. 

BETH’S BOUTIQUE, LLC 

AMERICAN RECREATION PRODUCTS, LLC 

SIERRA DESIGNS ACQUISITION COMPANY, LLC 

VINCE, LLC 
  

			
	 By:
	 	 /s/ Keith Grypp

	 Name:
	 	Keith Grypp
	 Title:
	 	Senior Vice President

 
			
	AGENT AND LENDER:
	
	CERBERUS BUSINESS FINANCE, LLC,
	as Agent and a Lender
		
	 By:
	 	 /s/ Daniel Wolf

	 Name:
	 	 Daniel Wolf

	 Title:
	 	 President

 Modification to Consent and Amendment No. 4 to Term Loan Agreement 

 
					
	LENDERS:
	
	A5 FUNDING L.P.
	By:	 	A5 Fund Management LLC,
		 	its General Partner
		
	 By:
	 	 /s/ Daniel Wolf

		 	Name:	 	 Daniel Wolf

		 	Title:	 	 Vice President

	
	ABLECO FINANCE LLC
		
	By:	 	 /s/ Daniel Wolf

		 	Name:	 	 Daniel Wolf

		 	Title:	 	 President

	
	CERBERUS OFFSHORE LEVERED I L.P.
	By:	 	COL I GP Inc.,
		 	its General Partner
		
	By:	 	 /s/ Daniel Wolf

		 	Name:	 	 Daniel Wolf

		 	Title:	 	 Vice President

	
	CERBERUS OFFSHORE LEVERED II LP
	By:	 	COL II GP Inc.,
		 	its General Partner
		
	By:	 	 /s/ Daniel Wolf

		 	Name:	 	 Daniel Wolf

		 	Title:	 	 Vice President

	
	CERBERUS ONSHORE LEVERED II LLC
		
	By:	 	 /s/ Daniel Wolf

		 	Name:	 	 Daniel Wolf

		 	Title:	 	 Vice President

 Modification to Consent and Amendment No. 4 to Term Loan Agreement 

 
					
	CERBERUS AUS LEVERED II LP
	By:	 	CAL I GP LLC,
		 	its General Partner
		
	By:	 	 /s/ Daniel Wolf

		 	Name:	 	 Daniel Wolf

		 	Title:	 	 Vice President

	
	CERBERUS ASRSTUNDING LLC
		
	By:	 	 /s/ Daniel Wolf

		 	Name:	 	 Daniel Wolf

		 	Title:	 	 Vice President

 Modification to Consent and Amendment No. 4 to Term Loan Agreement 

 Agreed and acknowledged with respect to Section 4(b): 

 

			
	SUN KELLWOOD FINANCE, LLC
		
	By:	 	 /s/ Melissa Klafter

	Name:	 	Melissa Klafter
	Title:	 	Vice President
	
	SCSF KELLWOOD FINANCE, LLC
		
	By:	 	 /s/ Melissa Klafter

	Name:	 	Melissa Klafter
	Title:	 	Senior Vice President
	
	SK FINANCIAL SERVICES CORP.
		
	By:	 	 /s/ Melissa Klafter

	Name:	 	Melissa Klafter
	Title:	 	Vice President

 Modification to Consent and Amendment No. 4 to Term Loan Agreement 

 EXHIBIT C 

PHAT FASHIONS PURCHASE AGREEMENT 

See attached. 

 CONFIDENTIAL 
  

 
 PURCHASE AGREEMENT 

between 
 PHAT FASHIONS,
LLC, as Seller, 
 and 

PHAT FARM HOLDING COMPANY LLC, as Purchaser 

Dated as of June 20, 2012 
  

 

 EXHIBITS AND SCHEDULES 

 

			
	 Schedule A
	  	Transferred Contracts
		
	 Schedule B
	  	Transferred Trademarks
		
	 Schedule C
	  	Transferred Domain Names
		
	 Schedule D
	  	Disclosures
		
	 Exhibit 3.2(c)
	  	Form of Coexistence Agreement
		
	 Exhibit 3.2(d)
	  	Form of Amended and Restated Trademark License Agreement

 PURCHASE AGREEMENT 

THIS PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of June 20, 2012 (the “Effective
Date”) by and between Phat Fashions, LLC, a New York limited liability company having a principal place of business at 600 Kellwood Parkway, Chesterfield, MO 63017 (“Seller”), and Phat Farm Holding Company LLC, a New York
limited liability company having a principal place of business at 1400 Broadway, Suite 1405, New York, NY 10018 (“Purchaser”) (each, a “Party” and collectively, the “Parties”). 

WHEREAS, Seller desires to sell, assign and transfer its right, title and interest to the Purchased Assets (as that term is defined
below) to Purchaser based on the terms and conditions herein; 
 WHEREAS, Purchaser desires to acquire Seller’s right, title and
interest to the Purchased Assets, based on the terms and conditions herein; and 
 WHEREAS, simultaneously with the Closing Date (as
defined herein), the Parties desire to amend the License Agreement by and between Seller and Purchaser’s Affiliate, Anthony L&S LLC, dated June 16, 2010 (the “License Agreement”) and to enter into a Co-Existence
Agreement. 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows. 
 ARTICLE 1

 DEFINITIONS 

Terms used herein with initial capitals shall have the meanings in this Article 1. 

1.1 “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, by contract or otherwise. 

1.2 “Amended and Restated Trademark License Agreement” has the meaning set forth in Section 3.2(d). 

1.3 “Assumed Liabilities” has the meaning given to such term in Section 2.2. 

1.4 “Business Day” means any day other than a Saturday, Sunday or a day on which banks in New York City, United States of
America are authorized or obligated by applicable law to close. 
 1.5 “Change in Control” means the occurrence of any of
the following events: (a) a Person becomes the beneficial owner, directly or indirectly, of securities of any other Person representing fifty percent (50%) or more of the total voting power represented by such other

 
Person’s then outstanding voting securities; (b) the consummation of the sale or disposition by a Person of all or substantially all of the Person’s assets; or (c) the
consummation of a merger or consolidation of a Person with any other corporation, other than a merger or consolidation which would result in the voting securities of the Person outstanding immediately prior thereto continuing to represent (either by
remaining outstanding or by being converted into voting securities of the surviving entity or its parent) at least fifty percent (50%) of the total voting power represented by the voting securities of the Person or such surviving entity or its
parent outstanding immediately after such merger or consolidation. 
 1.6 “Closing” has the meaning set forth in
Section 3.1. 
 1.7 “Closing Date” has the meaning set forth in Section 3.1. 

1.8 “Co-Existence Agreement” has the meaning set forth in Section 3.2(c). 

1.9 “Effective Date” has the meaning set forth in the Preamble. 

1.10 “Encumbrance” means any lien, pledge, mortgage, security interest, option, right of first refusal, transfer restriction,
collateral assignment, levy, escrow, conditional sale contract, title retention contract, indenture, or security agreement; provided, that, the definition of Encumbrance excludes the Transferred Contracts. 

1.11 “Governmental Entity” means any federal, state, provincial, local, municipal, foreign or other governmental or
quasi-governmental authority of any nature (including any governmental division, department, agency, commission, instrumentality, official, organization, unit, body or entity and any court or other tribunal). 

1.12 “Indemnified Party” has the meaning given to such term in Section 7.3. 

1.13 “Indemnifying Party” has the meaning given to such term in Section 7.3. 

1.14 “Knowledge” means the actual knowledge of Keith Grypp or Dassine Hammoudi. 

1.15 “License Agreement” has the meaning given to such term in the Recitals. 

1.16 “License Payment” has the meaning given to such term in Section 2.4. 

1.17 “Litigation Matter Information” means all confidential information regarding the Pending Litigation Matter. 

1.18 “Loss” means, subject to Section 7.5, all claims, losses, liabilities, damages, fines, penalties, interest,
amounts payable as indemnity obligations, and all related costs and expenses, including legal and attorneys’ fees and disbursements. 

1.19 “Pending Litigation Matter” means (i) Phat Fashions, LLC vs. Lisa L. Wright, Case No. 1:2011cv20526, Florida
Southern District Court, Miami, Florida, and the subsequent appeal No. 12-11798 in the United States Court of Appeals, Eleventh Judicial Circuit and (ii) Phat Fashions, LLC vs. Lisa L. Wright, Trademark Opposition No. 91189210 filed
against App. No. 77/498,589, and any investigation, prosecution, defense, negotiation, compromise or settlement relating to either of the foregoing litigation matters. 

  
 2 

 1.20 “Person” means any corporation, partnership, joint venture, limited
liability company, organization, entity, authority or natural person, including each of the Parties. 
 1.21 “Purchase
Price” has the meaning given to such term in Section 2.3. 
 1.22 “Purchased Assets” means the
Transferred Trademarks, the Transferred Domain Names, the Transferred Contracts and all of Seller’s rights to and under the Pending Litigation Matter and originals or copies of all of Seller’s files and documentation specifically regarding
all of the foregoing assets. 
 1.23 “Purchaser” has the meaning given to such term in the Preamble. 

1.24 “Purchaser Indemnitees” has the meaning given to such term in Section 7.1. 

1.25 “Representative” means, with respect to either Party, any of such Party’s directors, officers, employees,
attorneys, accountants, brokers, finders, investment bankers and other agents. 
 1.26 “Retained Liabilities” means any and
all claims, losses, liabilities, damages, fines, penalties, interest, amounts payable as indemnity obligations, out-of-pocket costs and expenses due to third parties, and all related costs and expenses (including legal and attorneys’ fees and
disbursements) relating to the Purchased Assets and arising or accruing before or in the twelve (12) months immediately after the Closing Date with respect to any actions or omissions (except for Purchaser’s actions or omissions) occurring
solely before the Closing Date. 
 1.27 “Seller” has the meaning given to such term in the Preamble. 

1.28 “Seller Indemnitees” has the meaning given to such term in Section 7.2. 

1.29 “Tax” means (a) all federal, state or local taxes, charges or other assessments, including all net income, gross
receipts, capital, sales, use, ad valorem, value added, goods and services, transfer, franchise, profits, inventory, capital stock, license, withholding, payroll, employment, social security, unemployment, excise, severance, stamp,
occupation, property and estimated taxes and (b) all interest, penalties, fines, additions to tax or additional amounts imposed by any Tax Authority in connection with any item described in clause (a) of this Section 1.29. 

1.30 “Tax Authority” means any Governmental Entity, instrumentality or employee thereof, charged with the administration of
any law relating to Taxes. 
 1.31 “Tax Return” means any return, declaration, report, claim for refund, or information
return or statement relating to Taxes, including any schedule or attachment thereto, and including any amendment thereof. 
 1.32
“Term” has the meaning given to such term in Section 8.1. 

  
 3 

 1.33 “Transferred Contracts” means only the agreements specifically set forth on
Schedule A attached hereto. 
 1.34 “Transferred Domain Names” means only the internet domain names specifically set
forth on Schedule C attached hereto. 
 1.35 “Transferred Trademarks” means only the trademark registrations and
applications specifically set forth on Schedule B attached hereto, including the goodwill associated directly with the Transferred Trademarks and the right to sue for past, present and future infringements thereof. 

ARTICLE 2 
 PURCHASE AND
SALE OF ASSETS 
 2.1 Purchase of Purchased Assets. On the terms and subject to the conditions of this Agreement, Seller hereby
sells, assigns and transfers to Purchaser all of its right, title and interest in and to the Purchased Assets. Title to and ownership of the Purchased Assets shall transfer to and vest with Purchaser solely upon Seller’s receipt of the Purchase
Price and the License Payment in its full amount in accordance with Sections 2.3, 2.4 and 2.5. 
 2.2 Assumption of
Liabilities. On the terms and subject to the conditions of this Agreement, Purchaser hereby assumes and agrees to pay, perform and discharge when due any and all claims, losses, liabilities, damages, fines, penalties, interest, amounts payable
as indemnity obligations, and all related costs and expenses (including legal and attorneys’ fees and disbursements) relating to the Purchased Assets and arising on or after the Closing Date with respect to any actions or omissions occurring on
or after the Closing Date (collectively, the “Assumed Liabilities”). 
 2.3 Purchase Price. The aggregate purchase
price for the Purchased Assets shall be an amount equal to FOUR MILLION AND 00/100 DOLLARS ($4,000,000.00) (the “Purchase Price”) payable as follows: 

(a) FIVE HUNDRED THOUSAND AND 00/100 DOLLARS ($500,000.00)
(the “Deposit”) on the Effective Date payable in accordance with Section 2.5 below; and 
 (b)
THREE MILLION FIVE HUNDRED THOUSAND AND 00/100 DOLLARS ($3,500,000.00) (the “Closing Purchase
Price”) on the Closing Date payable in accordance with Section 2.5 below. 
 2.4 License Payment. At or prior to
the Closing Date, Purchaser shall pay all guaranteed minimum royalty and advertising contributions related to the 2012 royalty year for the License Agreement in the amount of TWO MILLION TWO
HUNDRED THOUSAND AND 00/100 DOLLARS ($2,200,000.00) (“License Payment”) payable in accordance with Section 2.5 below. 

2.5 Payment Method. The Purchase Price and the License Payment shall not be adjusted for inflation/deflation, currency, Tax, or any
other reason, except as specifically set forth in Section 7.9, and each Party shall be entirely responsible for its own Taxes incurred in connection with this Agreement, including any transfer, sales, income, use, withholding, and

  
 4 

 
registration taxes and any penalties and interest thereon. The Purchase Price and the License Payment are irrevocable and non-refundable, and Purchaser hereby acknowledges that, without limiting
any indemnification obligations of Seller as required by this Agreement, Purchaser shall not be entitled to any kind of refund of the Purchase Price or the License Payment under any circumstance. Purchaser shall pay and deliver to Seller the
Purchase Price and the License Payment in its full amount in cash by electronic wire transfer of immediately available funds for delivery, deposit and receipt in the following bank account (or any other bank account that Seller designates in
writing): 
  

			
	 Beneficiary Bank:
	  	
	 Bank Address:
	  	
		  	
	 Acct #
	  	 [On file with the Company]

	 ABA #
	  	
	 Beneficiary:
	  	
		  	
		  	

 ARTICLE 3 

CLOSING AND DELIVERIES 

3.1 Closing. The consummation of the transactions contemplated hereby (the “Closing”) shall take place on a date
mutually acceptable to Seller and Purchaser, provided that it shall be no later than July 15, 2012 (the “Closing Date”), at the offices of Gordon, Herlands, Randolph & Cox LLP, 355 Lexington Avenue, 10th Floor, New
York, NY 10017 or such other place as agreed to by the parties. 
 3.2 Closing Deliveries. 

(a) Payment of the Closing Purchase Price. At the Closing, Purchaser shall pay to Seller the Closing Purchase Price by wire transfer of
immediately available funds in accordance with instructions provided by Seller. 
 (b) Payment of the License Payment. At or prior to
the Closing, Purchaser shall have paid to Seller the License Payment by wire transfer of immediately available funds in accordance with instructions provided by Seller. 

(c) Execution and Delivery of Co-Existence Agreement. At or prior to the Closing, Purchaser and Seller shall have executed the
Co-existence Agreement in the form attached hereto as Exhibit 3.2(c) (the “Co-Existence Agreement”). 
 (d)
Execution and Delivery of the Amended and Restated Trademark License Agreement. At or prior to the Closing, Purchaser and Seller shall have executed the Amended and Restated Trademark License Agreement in the form attached hereto as
Exhibit 3.2(d) (the “Amended and Restated Trademark License Agreement”). 

  
 5 

 ARTICLE 4 

REPRESENTATIONS AND WARRANTIES OF SELLER 

Seller represents and warrants to Purchaser that the statements contained in this Article 4 are correct and complete as of the
Effective Date and the Closing Date, except as noted otherwise. 
 4.1 Organization. Seller is a limited liability company validly
existing and in good standing under the laws of its jurisdiction of formation. 
 4.2 Authority. Solely as of the Closing Date, the
execution, delivery and performance by Seller of this Agreement and the consummation of the transaction contemplated hereby have been duly authorized by all necessary action on the part of Seller and do not and will not violate any provisions of its
organizational documents. Assuming that this Agreement is a valid and binding obligation of Purchaser, this Agreement constitutes a valid and binding agreement of Seller, enforceable against Seller in accordance with its terms, except as
enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, or moratorium laws, other similar laws affecting creditors’ rights and general principles of equity affecting the availability of specific
performance and other equitable remedies. 
 4.3 Ownership. Solely as of the Closing Date, except as set forth in Schedule D,
Seller (i) owns the Transferred Trademarks, free and clear of all Encumbrances, (ii) has the right to convey the Purchased Assets to Purchaser, and (iii) at the Closing shall have conveyed to Purchaser good and marketable title to the
Transferred Contracts free and clear of all Encumbrances. 
 4.4 Non-Infringement. To Seller’s Knowledge, except as set forth in
Schedule D, the use of the Transferred Trademarks as currently used by Seller in any of the countries where the Transferred Trademarks are registered does not materially infringe or misappropriate any other Person’s intellectual property
rights. 
 4.5 Registration. To Seller’s Knowledge, except as set forth in Schedule D, all of the Transferred Trademarks
are valid. 
 4.6 Transferred Contracts. To Seller’s Knowledge, except as set forth on Schedule A, the rights of Seller
under the Transferred Contracts are valid and enforceable by Seller and will at the Closing, subject to obtaining any required consents necessary to assign the Transferred Contracts, be validly assigned to and thereupon enforceable by Purchaser, in
each case enforceable in accordance with their respective terms except as such enforceability may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors’ rights generally and by such principles of equity as
may affect the availability of equitable remedies. To the Knowledge of Seller, except as set forth on Schedule A, neither Seller nor the other parties thereto are in default in any material respects (nor does any circumstance exist which,
with notice, would result in such a default) under the Transferred Contracts, and, subject to obtaining any required consents necessary to assign the Transferred Contracts, the assignment by Seller of its rights thereunder to Purchaser will not
violate the terms thereof. 

  
 6 

 4.7 Pending Litigation Matter. To Seller’s Knowledge, the Pending Litigation Matter
constitutes all pending litigation (excluding any administrative or agency actions, including those set forth on Schedule D) to which Seller is a party with respect to the Purchased Assets or which is threatened with respect to any of the Purchased
Assets. 
 4.8 Absence of Conflicts and Consent Requirements. Seller’s execution and delivery of this Agreement and performance
of its obligations hereunder, including the sale of the Purchased Assets hereunder, do not and will not conflict with, violate or result in any default under Seller’s certificate of incorporation or by-laws or in any default under any mortgage,
indenture, agreement, instrument or other contract to which Seller is a party or by which it or its property is bound, nor will Seller’s execution and delivery of this Agreement and performance of its obligations hereunder violate any judgment,
order, decree, law, statute, regulation or other judicial or governmental restriction to which Seller is subject. Other than consents necessary to assign the Transferred Contracts, Seller’s execution and delivery of this Agreement and the
performance of its obligations hereunder, including the sale of the Purchased Assets, do not and will not require the consent of, or any prior filing with any governmental authority or other third party. 

4.9 No Material Misstatements or Omissions. To Seller’s Knowledge, the representations and warranties of Seller in this Agreement
do not contain any untrue statement of a material fact or omit to state any material fact necessary to make the representations and warranties in this Agreement materially untrue. 

ARTICLE 5 

REPRESENTATIONS AND WARRANTIES OF PURCHASER 

Purchaser represents and warrants to Seller that the statements contained in this Article 5 are correct and complete as of the
Effective Date and the Closing Date. 
 5.1 Organization. Purchaser is a limited liability company validly existing and in good
standing under the laws of its jurisdiction of formation. 
 5.2 Authority. The execution, delivery and performance by Purchaser of
this Agreement and the consummation of the transaction contemplated hereby have been duly authorized by all necessary action on the part of Purchaser and do not and will not violate any provisions of its organizational documents, any applicable
regulation or any contract or order binding upon it. Assuming that this Agreement is a valid and binding obligation of Seller, this Agreement constitutes a valid and binding agreement of Purchaser, enforceable against Purchaser in accordance with
its terms, except as enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, or moratorium laws, other similar laws affecting creditors’ rights and general principles of equity affecting the availability
of specific performance and other equitable remedies. 
 5.3 No Knowledge of Misrepresentations or Omissions. The Purchaser has no
knowledge that the representations and warranties of the Seller in this Agreement and the Schedules attached hereto are not true and correct in all material respects, and the Purchaser has no knowledge of any material errors in, or material
omissions from, any Schedule to this Agreement. 

  
 7 

 5.4 Absence of Conflicts and Consent Requirements. Purchaser’s execution and delivery
of this Agreement and performance of its obligations hereunder, including the purchase of the Purchased Assets hereunder, do not and will not conflict with, violate or result in any default under Purchaser’s articles of organization or
operating agreement or in any default under any mortgage, indenture, agreement, instrument or other contract to which Purchaser is a party or by which it or its property is bound, nor will Purchaser’s execution and delivery of this Agreement
and performance of its obligations hereunder violate any judgment, order, decree, law, statute, regulation or other judicial or governmental restriction to which Purchaser is subject. Purchaser’s execution and delivery of this Agreement and the
performance of its obligations hereunder, including the purchase of the Purchased Assets, do not and will not require the consent of, or any prior filing with any governmental authority or other third party. 

ARTICLE 6 
 COVENANTS

 6.1 Delivery of Recordable Documents. Subject to Seller’s written confirmation that it has received the Purchase Price
and the License Payment, at or after the Closing, Purchaser shall have the right to deliver to Seller, at Purchaser’s sole cost and expense, recordable assignment documents, bills of sale and other documents or instruments of conveyance and
transfer (collectively “Assignment Documents”) with respect to the Purchased Assets in a form reasonably acceptable to Seller for execution by Seller, and Seller shall execute and deliver such Assignment Documents to Purchaser, which such
execution and delivery shall not be unreasonably withheld, delayed or denied. Seller and Purchaser each hereby covenants and agrees with one another that at any time and from time to time it will promptly execute and deliver, at Purchaser’s
sole cost and expense, such further assurances, instruments and documents (including on the part of Seller any and all bills of sale, assignments, and other documents or instruments of conveyance, as Purchaser may reasonably request, in order to
vest in Purchaser title to the Purchased Assets), and take such further action, as the other may reasonably request in order to vest in Purchaser title to the Purchased Assets. 

6.2 Provision of Information. From and after the Closing Date, either Party may request information and records as may reasonably be
required by such Party for (a) the purpose of making any necessary tax filings and/or investigating and defending audit claims by any taxing authority; (b) accessing files and information relating to Transferred Contracts,
(c) accessing files and information related trademark prosecution, use and any related files for the Transferred Trademarks, and (d) accessing files and information relating to the Transferred Domain Names, and such other Party shall use
commercially reasonable efforts to provide such information or records; provided that such other Party shall not be required to provide such information or records that are protected by any legal privilege or that constitute a trade secret. 

6.3 Public Announcement. After the Closing Date, the Parties will reasonably cooperate in drafting and releasing an initial public
announcement regarding this Agreement, which in no event shall include the economic terms hereof. 

  
 8 

 6.4 Pending Litigation Matter. 

(a) From and after the Closing Date: 

(i) Purchaser shall have exclusive authority and control over the Pending Litigation Matter, and any counter-claims or suits made in
connection therewith, including by employing counsel of its own choosing or continuing to use Seller’s counsel (at Purchaser’s sole expense), and may settle or compromise, or consent to the entry of any judgment with respect to, the
Pending Litigation Matter without the consent of Seller (provided such settlement, compromise or consent does not require Seller or any of its Affiliates to pay monetary damages or restrict the operation of the business of Seller or any of its
Affiliates); 
 (ii) As soon as practicable following the Closing Date, each of Purchaser and Seller shall use its commercially reasonable
efforts to replace Seller with Purchaser as the party to the Pending Litigation Matter; 
 (iii) Purchaser shall reasonably apprise Seller
of any matters in the Pending Litigation Matter that would reasonably be likely to, in Purchaser’s reasonable judgment, materially impair any of Seller’s other assets or business; 

(iv) Seller and Purchaser shall cooperate and take such measures as may be necessary to preserve any attorney-client, work-product or other
privileges applicable to any Litigation Matter Information. Seller and Purchaser agree and acknowledge that Litigation Matter Information is communicated between the Parties in confidence for the purposes of securing or communicating legal advice
and representation on matters as to which the Parties have a common legal interest, and therefore will be asserted to be subject to the attorney-client privilege, work product doctrine, and contractual obligations of confidentiality; and 

(v) At Purchaser’s expense, Seller shall reasonably cooperate with Purchaser in connection with the conduct of the Pending Litigation
Matter, including by (A) providing Purchaser and Purchaser’s counsel with reasonable access to its employees and agents for fact finding, consultation and interviews and as witnesses to provide testimony through declarations, affidavits,
depositions, or at hearing or trial and to work with Purchaser and Purchaser’s counsel in preparation for such events consistent with deadlines imposed in the matters, and (B) maintaining and preserving documents and information known or
as reasonably should be known to be relevant to the Pending Litigation Matter and providing Purchaser and Purchaser’s counsel with reasonable access thereto. 

(b) For the avoidance of doubt, Seller shall be responsible for all costs and expenses incurred by Seller and its Affiliates prior to the
Closing Date relating to the Pending Litigation Matter. 
 (c) Any amounts recovered prior to the Closing Date are the sole property of
Seller. Any amount received by Purchaser on or after the Closing Date in connection with the disposition of the Pending Litigation Matter, whether through settlement, judgment or any other means, shall be allocated and paid as follows: first,
pro rata to Seller and Purchaser based on their respective costs and expenses incurred in connection with the Pending Litigation Matter until both Seller and Purchaser have received full reimbursement for all costs and expenses incurred by both
Seller and Purchaser in connection with the Pending Litigation Matter; an second, divided equally between the Parties. 

  
 9 

 6.5 Cooperation on Tax Matters. Upon the reasonable request of the other Party, each of
Seller and Purchaser shall furnish or cause to be furnished to the other Party, as promptly as practicable, such information and assistance relating to the Purchased Assets, the Retained Liabilities and the Assumed Liabilities as is reasonably
necessary for the preparation and filing of any Tax Return, claim for refund or other required or optional filings relating to Tax matters, for the preparation for any Tax audit, for the preparation for any Tax protest, or for the prosecution or
defense of any suit or other proceeding relating to Tax matters. 
 6.6 Cooperation on Receivables. Each Party acknowledges and
agrees that (a) Seller is entitled to all receivables related to the Purchased Assets, whether pursuant to the Transferred Contracts or otherwise, arising prior to the Closing Date, and (b) Purchaser is entitled to all receivables related
to the Purchased Assets, whether pursuant to the Transferred Contracts or otherwise, arising on or after the Closing Date. Seller agrees that, after the Closing, it shall hold and shall promptly transfer and deliver to Purchaser, from time to time
as and when received by Seller, any receivables related to the Purchased Assets that Seller receives that properly belong to Purchaser. Purchaser agrees that, after the Closing, it shall hold and shall promptly transfer and deliver to Seller, from
time to time as and when received by Purchaser, any receivables related to the Purchased Assets that Purchaser receives that properly belong to Seller. Upon the reasonable request of the other Party, each of Seller and Purchaser shall furnish or
cause to be furnished to the other Party, as promptly as practicable, such information and assistance as is reasonably necessary to collect any accounts receivable related to the Purchased Assets. 

6.7 Closing. Each of Seller and Purchaser shall use commercially reasonable efforts to have the Closing occur on or before
July 15, 2012. 
 ARTICLE 7 

INDEMNIFICATION 
 7.1
Indemnification by Seller. Subject to the limitations set forth in this Article 7, Seller shall indemnify, defend, and hold harmless Purchaser, Purchaser’s Affiliates and the Representatives of any of them (collectively,
“Purchaser Indemnitees”) from and against any and all Losses any Purchaser Indemnitee may suffer, sustain or become subject to, as a result of, in connection with, relating to, incidental to, or by virtue of (i) Seller’s
breach of any representation, warranty or covenant contained in this Agreement and any action, suit or proceeding arising out of such breach or (ii) the Retained Liabilities, including Seller’s failure to pay, perform or discharge when due
any of the Retained Liabilities, and any action, suit or proceeding arising out of such Retained Liabilities. 
 7.2 Indemnification by
Purchaser. Subject to the limitations set forth in this Article 7, Purchaser shall indemnify, defend, and hold harmless Seller, Seller’s Affiliates and the Representatives of any of the foregoing (collectively, “Seller
Indemnitees”) from and against any and all Losses any Seller Indemnitee may suffer, sustain or become subject to, as a result of, in connection with, relating to, incidental to, or by virtue of (i) Purchaser’s breach of any
representation, warranty or covenant contained in this Agreement and any action, suit or 

  
 10 

 
proceeding arising out of such breach or (ii) the Assumed Liabilities, including Purchaser’s failure to pay, perform or discharge when due any of the Assumed Liabilities, and any
action, suit or proceeding arising out of such Assumed Liabilities. 
 7.3 Notice of Claims. If any Purchaser Indemnitee or Seller
Indemnitee (an “Indemnified Party”) believes that it has suffered or incurred any Losses for which it is entitled to indemnification under this Article 7, such Indemnified Party shall notify the Party from whom
indemnification is being claimed (the “Indemnifying Party”) with reasonable promptness and reasonable particularity. If any claim is instituted by or against a third party with respect to which any Indemnified Party intends to claim
indemnification under this Article 7, such Indemnified Party shall promptly notify the Indemnifying Party of such claim. The notice provided by the Indemnified Party to the Indemnifying Party shall describe the claim (the “Asserted
Liability”) in reasonable detail and shall indicate the amount (or an estimate) of the Losses that have been or may be suffered by the Indemnified Party. The failure of an Indemnified Party to give any notice required by this
Section 7.3 shall not affect any of the Indemnified Party’s rights under this Article 7 or otherwise except and to the extent that such failure is materially prejudicial to the rights or obligations of the Indemnifying Party.

 7.4 Opportunity to Defend Third Party Claims. If any action indemnifiable under this Article 7 is brought by a third party
against any Indemnified Party, the Indemnifying Party shall be entitled: (a) to participate in such action and (b) to elect, by written notice delivered to the Indemnified Party within thirty (30) days after the Indemnifying
Party’s receipt of notice of the Asserted Liability, to defend, compromise or settle such action, with counsel reasonably satisfactory to the Indemnified Party. The Indemnified Party shall cooperate with respect to any such participation,
defense, settlement or compromise. The Indemnified Party shall have the right to employ its own counsel in any such case, but the fees and expenses of the Indemnified Party’s counsel shall be at the sole expense of the Indemnified Party. The
Indemnifying Party shall not settle or compromise any action or consent to the entry of a judgment without the written consent of the Indemnified Party (which shall not be unreasonably withheld) that: (x) does not provide for the claimant to give an
unconditional release to the Indemnified Party in respect of the Asserted Liability; (y) involves relief other than monetary damages; or (z) places restrictions or conditions on the operation of the business of the Indemnified Party or any
of its Affiliates. The Indemnifying Party shall not be liable for any settlement of any claim or action effected without its written consent. After payment of any Asserted Liability by the Indemnifying Party, the Indemnified Party, if requested by
the Indemnifying Party, shall assign to the Indemnifying Party all rights the Indemnified Party may have against any applicable account debtor or other responsible Person in respect of the Asserted Liability. If the Indemnifying Party chooses to
defend any Asserted Liability, the Indemnified Party shall make available to the Indemnifying Party any books, records or other documents within its control that are necessary or appropriate for such defense. 

7.5 EXCLUSION OF CONSEQUENTIAL DAMAGES. NEITHER PARTY WILL BE LIABLE TO THE OTHER PARTY, UNDER ANY LEGAL OR EQUITABLE THEORY, FOR ANY
CONSEQUENTIAL, INCIDENTAL, SPECIAL OR INDIRECT DAMAGES OF ANY KIND, INCLUDING LOSSES RELATING TO GOODWILL, DIMINUTION IN VALUE, AND ENTERPRISE VALUE, SUFFERED BY OR OTHERWISE COMPENSABLE TO THE OTHER, ARISING OUT OF, UNDER OR RELATING TO THIS
AGREEMENT, WHETHER OR NOT ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. 

  
 11 

 7.6 Limitation of Liability. Seller shall be liable to the Purchaser Indemnitees for any
Losses covered by Section 7.1(i) up to a maximum aggregate liability of Four Hundred Thousand and 00/100 Dollars ($400,000.00). For avoidance of doubt, Seller shall be liable to the Purchaser Indemnitees for any and all Losses
covered by Section 7.1(ii) without any limitation as to the maximum aggregate liability. Purchaser shall be liable to the Seller Indemnitees for any Losses covered by Section 7.2(i) up to a maximum aggregate
liability of Four Hundred Thousand and 00/100 Dollars ($400,000.00). For avoidance of doubt, Purchaser shall be liable to the Seller Indemnitees for any and all Losses covered by Section 7.2(ii) without any limitation as to the
maximum aggregate liability. The provisions of this Article 7 shall survive Closing and shall be the sole and exclusive remedy available to the Seller Indemnitees and the Purchaser Indemnitees after the Closing Date for any breach of any
representation or warranty contained in this Agreement and any action, suit or proceeding arising out of such breach. 
 7.7 Effect of
Insurance. The amount of any Losses for which indemnification is provided under this Article 7 shall be reduced by the insurance proceeds received and any other amount, if any, recovered from third parties by the Indemnified Party (or its
Affiliates) with respect to any Losses. If any Indemnified Party shall have received any indemnification payment pursuant to this Article 7 with respect to any Loss, such Indemnified Party shall, upon written request by the Indemnifying
Party, assign to such Indemnifying Party (to the extent of the indemnification payment) any claim which such Indemnified Party may have under any applicable insurance policy which provides coverage for such Loss to the extent of such indemnification
payment. Such Indemnified Party shall reasonably cooperate (at the expense of the Indemnifying Party) to collect under such insurance policy. If any Indemnified Party shall have received any payment pursuant to this Article 7 with respect to
any Loss and has or shall subsequently have received insurance proceeds or other amounts with respect to such Loss, then such Indemnified Party shall promptly pay to the Indemnifying Party the amount so recovered (after deducting the amount of the
expenses incurred by it in procuring such recovery), but not in excess of the amount previously so paid by the Indemnifying Party. 
 7.8
No Additional Representations or Warranties. THE REPRESENTATIONS AND WARRANTIES EXPRESSLY SET FORTH IN THIS AGREEMENT ARE THE ONLY REPRESENTATIONS OR WARRANTIES GIVEN BY THE PARTIES. PURCHASER HEREBY ACKNOWLEDGES THAT, PRIOR TO THE CLOSING
DATE, IT WILL HAVE CONDUCTED, OR HAD THE OPPORTUNITY TO CONDUCT, ITS OWN INSPECTION AND INVESTIGATION OF THE PURCHASED ASSETS AND, EXCEPT WITH RESPECT TO THE REPRESENTATIONS AND WARRANTIES OF SELLER EXPRESSLY SET FORTH IN THIS AGREEMENT, IS
PURCHASING THE PURCHASED ASSETS ON AN “AS-IS, WHERE-IS, WITH ALL FAULTS” BASIS WITH NO REPRESENTATIONS OR WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WITH RESPECT TO VALIDITY, ENFORCEABILITY, USEFULNESS, INFRINGEMENT,
MERCHANTABILITY, AND FITNESS FOR A PARTICULAR PURPOSE. 
 7.9 Purchase Price Adjustments. To the extent permitted by law, any amounts
payable under this Article 7 shall be treated by the Parties as an adjustment to the Purchase Price. 

  
 12 

 ARTICLE 8 

TERM 
 8.1
Termination: This Agreement may be terminated at any time prior to the Closing Date: 
 (a) by Seller, if the Closing shall not have
occurred by July 15, 2012; provided, however, that such date may be extended by Seller and Purchaser upon mutual agreement; 
 (b) by
Seller, if Purchaser shall have materially breached any of its representations, warranties, covenants or agreements contained in this Agreement, which breach cannot be or has not been cured within ten (10) Business Days after the giving of
written notice by Seller to Purchaser specifying such breach; 
 (c) by Purchaser, if Seller shall have materially breached any of its
representations, warranties, covenants or agreements contained in this Agreement, which breach cannot be or has not been cured within ten (10) Business Days after the giving of written notice by Purchaser to Seller specifying such breach; or

 (d) by the mutual written consent of Seller and Purchaser. 

8.2 Effect of Termination. In the event of termination of this Agreement as provided in Section 8.1, this Agreement shall
forthwith become void and there shall be no liability on the part of either Party; provided, however, that in the event this Agreement is terminated (other than pursuant to Section 8.1(c)), then in addition to whatever other rights
Seller may have against Purchaser, Seller shall be entitled to retain the Deposit and all interest thereon. In the event of termination of this Agreement pursuant to Section 8.1(c) or Section 8.1(d), and provided that
Purchaser is not then in breach of Purchaser’s obligations hereunder or Purchaser’s obligations under the License Agreement, Seller will apply the Deposit to any outstanding or future amounts due to Seller under the License Agreement. The
application of the Deposit to current or future amounts owed under the License Agreement by Seller shall be Purchaser’s sole remedy in the event of a breach of Seller’s obligation hereunder. 

8.3 Term. Notwithstanding anything to the contrary in this Agreement, Article 4 and Article 5 of this Agreement
(including for the avoidance of doubt, any indemnification obligations set forth in Article 7 with respect to Article 4 and Article 5 of this Agreement) shall expire on the date that is twelve (12) months following the
Effective Date (the “Term”). For the avoidance of doubt, nothing in this Section 8.3 shall affect either Party’s indemnification obligations for Retained Liabilities or Purchaser’s indemnification obligations
for Assumed Liabilities, which shall remain in effect for the applicable limitations period under applicable law. 
 ARTICLE 9 

MISCELLANEOUS 
 9.1
Entire Agreement. This Agreement and schedules attached hereto set forth the entire agreement among the Parties as it relates to the subject matter hereof, and such document 

  
 13 

 
replaces, supersedes and nullifies any and all prior agreements, drafts, statements, promises, proposals, representations, understandings and negotiations, written or not, relating to the same
(but not, for the avoidance of doubt, any agreements between the Parties entered into simultaneously with or pursuant to this Agreement). Prior drafts of this Agreement shall not be admissible or construed as evidence regarding the intent of the
Parties. 
 9.2 Amendment; Waiver. No modification, amendment, supplement to or waiver of any provision of this Agreement will be
binding upon the Parties unless made in a writing signed by both Parties. A failure of a Party to exercise any right provided for herein shall not be deemed to be a waiver of any right hereunder. 

9.3 No Further Actions. Except as specifically provided for in this Agreement, nothing herein shall require either Party, after the
Closing Date, to deliver any further instruments or documents or take any further action with respect to this Agreement or the subject matter hereof. 

9.4 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York (regardless
of the laws that might otherwise govern under applicable New York principles of conflicts of law) as to all matters. 
 9.5
Arbitration. Any dispute arising under, or related to, this Agreement that cannot be resolved by the Parties internally shall be submitted by the Parties to binding arbitration administered by the American Arbitration Association in
accordance with its Commercial Arbitration Rules. The arbitration shall be heard and determined by a panel of three (3) arbitrators, each of whom shall be a disinterested attorney having experience and familiarity with asset sales. Each Party
shall choose one (1) arbitrator, with the third arbitrator chosen by agreement of the two (2) arbitrators chosen by the Parties. In the event the two (2) arbitrators chosen by the Parties cannot agree on a third arbitrator, such third
arbitrator shall be selected by the American Arbitration Association. The decision of a majority of the arbitrators shall be final and binding on the Parties. The arbitration proceeding shall occur in New York, New York. Each Party shall bear its
own costs relating to such arbitration, and the Parties shall equally share the arbitrators’ fees and expenses. The arbitration and all related proceedings and discovery shall take place pursuant to a protective order entered by the arbitrators
that adequately protects the confidential nature of the Parties’ respective confidential information. In no event shall any arbitration award provide a remedy beyond those permitted under this Agreement, and any award providing a remedy beyond
those permitted under this Agreement shall not be confirmed, no presumption of validity shall attach, and such award shall be vacated. In the event either Party attempts to challenge the final or binding nature of the arbitration panel, the Parties
each agree, without admitting that any such challenge is permissible or otherwise has merit, that the exclusive venue for any such challenge shall be in the U.S. federal district courts located in the State of New York as a court of first instance.
The Parties each agree to the exclusive jurisdiction of such courts with respect to any such claim, and waive personal service of any and all process upon them, and consent that all services of process be made by registered mail, directed to them at
their address as set forth in Section 9.10, and service so made shall be deemed to be completed when deemed received as provided in Section 9.10. The Parties each waive any objection based on forum non conveniens and waive
any objection to venue of any action instituted hereunder. Nothing in this Section 9.5 shall affect the right of the Parties to serve legal process in any other manner permitted by law or to file to enforce any judgment against another
Party or Person in any jurisdiction where such Party or Person has assets. 

  
 14 

 9.6 Assignment; Binding Nature. This Agreement may not be assigned by Purchaser without
Seller’s prior written consent, which shall not be unreasonably withheld. This Agreement may be assigned by Seller without Purchaser’s prior written consent in connection with a Change in Control of Seller, to an Affiliate of Seller, or to
a lender for purposes of collateral security. This Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective successors and permitted assigns. 

9.7 No Third Party Beneficiaries. Except with respect to Article 7, this Agreement is solely for the benefit of the Parties
hereto and no provision of this Agreement shall be deemed to confer upon any third Person any rights, remedies, claims or causes of action. 

9.8 Interpretation; Construction. The definitions in Article 1 shall apply equally to both the singular and plural forms of the
terms defined. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “but not limited to.” The article and section headings contained in this Agreement are for
convenience of reference only and shall not serve to limit, expand or interpret the articles and sections to which they apply, and shall not be deemed to be a part of this Agreement. Words such as “herein”, “hereof”,
“hereto”, and “hereunder” refer to this Agreement. The Parties have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises this Agreement
shall be construed as if jointly drafted by the Parties and no presumption or burden of proof shall arise favoring or disfavoring a Party by virtue of the authorship of any provision of this Agreement. 

9.9 Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any law or
public policy, all other terms or provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transaction herein is not affected in any manner adverse to any Party. Upon such
determination that any term or other provision is invalid, illegal, or incapable of being enforced, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in an
acceptable manner in order than the transaction herein is consummated as originally contemplated to the greatest extent possible. 

  
 15 

 9.10 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 Days
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: 
  

			
	 To Seller:
	  	To Purchaser:
		
	 Phat Fashions, LLC
	  	Phat Farm Holding Company LLC
	 600 Kellwood Parkway
	  	1400 Broadway, Suite 1405
	 Chesterfield, MO 63017
	  	New York, NY 10018
	 Attn: Keith A. Grypp
	  	Attn: Anthony LoConte
	 Facsimile: (314) 576-3388
	  	Facsimile: 212-386-7660
	 Email: keith.grypp@kellwood.com
	  	Email: tonylo@alsusa.com

 With a simultaneous copy, which shall not constitute notice, to: 

 

					
	 Kirkland & Ellis LLP
	  	Gordon, Herlands,
		  	Randolph & Cox LLP
	 300 North LaSalle
	  	355 Lexington Avenue
	 Chicago, IL 60654
	  	New York, New York 10017
	 Attn: Douglas C. Gessner, P.C.
	  	Attn: William H. Cox
	 and Jeremy S. Liss
	  	
	 Facsimile: (312) 862-2200
	  	Facsimile: 212-983-0772
	 Email:
	 	 douglas.gessner@kirkland.com,
	  	Email: wcox@gordonherlands.com
		 	 jeremy.liss@kirkland.com
	  	and
		 		  	
		 		  	Anthony Siniscalchi, CPA
		 		  	A. Uzzo & Company, C.P.A.’s, P.C.
		 		  	287 Bowman Avenue
		 		  	Purchase, NY 10577
		 		  	Facsimile: (914) 694-9017
		 		  	Email: asiniscalchi@auzzo.com

 9.11 Counterparts; Facsimile. This Agreement may be executed in one or more counterparts, each of
which shall be considered one and the same document. This Agreement may also be executed by facsimile or by .pdf, .tif, .gif, .peg or similar attachment to electronic mail. If a Party signs this Agreement and then transmits an electronic facsimile
of the signature page to any other Party, that Party who receives the transmission may rely upon the electronic facsimile as a signed original of this Agreement. 

9.12 Expenses. All costs of transferring the Purchased Assets in accordance with this Agreement, including recordation, transfer, and
documentary taxes and fees, and any other taxes (other than taxes on Seller’s income), shall be paid by Purchaser. Except as otherwise provided in this Agreement, each of Seller and Purchaser shall bear its own expenses, including
attorneys’ fees, incurred in connection with the negotiation and execution of this Agreement and each other agreement, document and instrument contemplated by this Agreement and the consummation of the transaction contemplated hereby. 

9.13 No Brokers. Seller and Purchaser represent and warrant that no broker or finder has been involved or engaged by it in connection
with this Agreement, and each hereby agree to 

  
 16 

 
indemnify and save harmless the other from and against any and all broker’s or finder’s fees, commissions or similar charges incurred or alleged to have been incurred by the
indemnifying Party in connection with this Agreement and any and all loss, liability, cost or expense (including reasonable attorneys’ fees) arising out of any claim that the Indemnifying Party incurred any such fees, commissions or charges.

 *  *  *  *  * 

  
 17 

 IN WITNESS WHEREOF, the Parties hereto have caused this Purchase Agreement to be executed and
delivered by their respective duly authorized representatives as of the Effective Date. 
  

									
	PHAT FASHIONS, LLC	  		 	PHAT FARM HOLDING COMPANY LLC
					
	 By
	 	 /s/ Michael M. Saunden
	  		 	By	 	  

					
	 Name:
	 	 MICHAEL M. SAUNDEN
	  		 	Name:	 	  

					
	 Its:
	 	 SVP AND COO
	  		 	Its:	 	  

					
	 Date:
	 	 6/20/12
	  		 	Date:	 	  

 [Signature page to Purchase Agreement] 

 IN WITNESS WHEREOF, the Parties hereto have caused this Purchase Agreement to be executed and
delivered by their respective duly authorized representatives as of the Effective Date. 
  

									
	PHAT FASHIONS, LLC	  		 	PHAT FARM HOLDING COMPANY LLC
					
	 By
	 	  
	  		 	By	 	 /s/ ANTHONY LOCONTE

					
	 Name:
	 	  
	  		 	Name:	 	 ANTHONY LOCONTE

					
	 Its:
	 	  
	  		 	Its:	 	 PRESIDENT

					
	 Date:
	 	  
	  		 	Date:	 	 JUNE 19, 2012

 [Signature page to Purchase Agreement] 

 Schedule A 

[On file with the Company] 

 Schedule B 

Transferred Trademarks 
 US
Registrations and Applications 
  

											
	 Trademark
	  	 Owner
	  	 Status in
Trademark
Office
	  	 Federal

Registration

Number
	  	 Registration

Date
	  	 International

Class

						
	

	  	Phat Fashions LLC	  	Registered	  	2,272,180	  	8/24/1999	  	25
						
	

	  	Phat Fashions LLC	  	 Registered
 (Virginia)
	  	2658	  	11/6/2002	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	3,759,363	  	3/9/2010	  	21
						
	

	  	Phat Fashions LLC	  	Registered	  	3,690,698	  	9/29/2009	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	3,451,492	  	6/17/2008	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	3,438,436	  	5/27/2008	  	25

											
	

	  	Phat Fashions LLC	  	Registered	  	2,528,508	  	1/8/2002	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	2,802,598	  	1/6/2004	  	18
						
	

	  	Phat Fashions LLC	  	 Registered
 (Virginia)
	  	2656	  	10/28/2002	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	3,823,257	  	7/20/2010	  	24
						
	

	  	Phat Fashions LLC	  	Registered	  	3,759,362	  	3/9/2010	  	21
						
	

	  	Phat Fashions LLC	  	Registered	  	3,812,223	  	6/29/2010	  	24
						
	

	  	Phat Fashions LLC	  	Registered	  	3,085,753	  	4/25/2006	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	2,600,979	  	7/30/2002	  	25

											
	

	  	Phat Fashions LLC	  	Registered	  	3,021,315	  	11/29/2005	  	18
						
	PHAT CLASSICS	  	Phat Fashions LLC	  	Registered	  	3,640,322	  	6/15/2009	  	25
						
	PHAT FARM	  	Phat Fashions LLC	  	Registered	  	3,861,131	  	10/12/2010]	  	24
						
	PHAT FARM	  	Phat Fashions LLC	  	Registered	  	3,256,767	  	6/26/2007	  	16
						
	PHAT FARM	  	Phat Fashions LLC	  	Registered	  	3,181,284	  	12/5/2006	  	6
						
	PHAT FARM	  	Phat Fashions LLC	  	 Registered
 (Virginia)
	  	2651	  	10/28/2002	  	25
						
	PHAT FARM	  	Phat Fashions LLC	  	Registered	  	1,809,325	  	12/7/1993	  	25
						
	PHAT FARM	  	Phat Fashions LLC	  	Registered	  	2,415,455	  	12/26/2000	  	18, 25
						
	PHAT FARM	  	Phat Fashions LLC	  	Registered	  	2,867,117	  	7/27/2004	  	9
						
	PHAT FARM	  	Phat Fashions LLC	  	Registered	  	3,013,536	  	11/8/2005	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	2,552,152	  	3/26/2002	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	2,551,715	  	3/26/2002	  	25
						
	

	  	Phat Fashions LLC	  	 Registered
 (Virginia)
	  	2652	  	10/28/2002	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	3,184,177	  	12/12/2006	  	25

											
	

	  	Phat Fashions LLC	  	Registered	  	4,006,503	  	8/2/2011	  	25
						
	

	  	Phat Fashions LLC	  	Pending	  	[s/n 77/479,992]	  	 [filed
 5/21/2008
	  	9
						
	

	  	Phat Fashions LLC	  	Pending	  	[s/n 77/479,984]	  	 [filed
 5/21/2008]
	  	18
						
	

	  	Phat Fashions LLC	  	Registered	  	3,716,230	  	11/24/2009	  	18
						
	

	  	Phat Fashions LLC	  	Registered	  	3,693,597	  	10/6/2009	  	25
						
	PHAT THREADS	  	Phat Fashions LLC	  	Registered	  	1,819,997	  	2/8/1994	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	2,610,656	  	8/20/2002	  	3
						
	

	  	Phat Fashions LLC	  	Registered	  	3,018,211	  	11/22/2005	  	9
						
	

	  	Phat Fashions LLC	  	Registered	  	3,018,212	  	11/22/2005	  	9
						
	PHAT FARM	  	Phat Fashions LLC	  	Registered	  	3,730,098	  	12/22/2009	  	3

											
	PHAT FARM	  	Phat Fashions LLC	  	Registered	  	3,220,371	  	3/20/2007	  	9
						
	

	  	Phat Fashions LLC	  	Registered	  	3,116,645	  	7/18/2006	  	9

 Foreign Registrations and Applications 

 

													
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal

Registration

Number
	  	 Registration

Date
	  	 International

Class

							
	PHAT FARM	  	Phat Fashions LLC	  	Argentina	  	Pending	  	[s/n 3,042,402]	  	 [filed
 10/29/2010]
	  	25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	Australia	  	Registered	  	866004	  	2/14/2001	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Australia	  	Registered	  	1,066,409	  	7/11/2005	  	25
							
	

	  	Phat Fashions LLC	  	Australia	  	Registered	  	1,064,767	  	7/13/2005	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Bahrain	  	Registered	  	44078	  	4/10/2005	  	18
							
	PHAT FARM	  	Phat Fashions LLC	  	Bahrain	  	Registered	  	44079	  	4/10/2005	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Benelux	  	Renewed	  	619587	  	11/3/1997	  	18, 25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	Bolivia	  	Pending	  	[s/n 14480]	  	 [filed
 11/9/1999]
	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Bolivia	  	Registered	  	87438-C	  	7/18/2002	  	25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	Brazil	  	Registered	  	822.460.181	  	12/13/2005	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Brazil	  	 Pending
 (Suspended)
	  	[s/n 821.346.300]	  	1/11/1999	  	25

													
	

	  	Phat Fashions LLC	  	Bulgaria	  	Registered	  	62248	  	12/3/2007	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Bulgaria	  	Registered	  	76817	  	5/17/2011	  	25
							
	

	  	Phat Fashions LLC	  	Bulgaria	  	Registered	  	76818	  	5/17/2011	  	25
							
	

	  	Phat Fashions LLC	  	Bulgaria	  	Registered	  	000447756	  	5/10/2003	  	25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	Canada	  	Registered	  	586083	  	7/29/2003	  	25
							
	

	  	Phat Fashions LLC	  	Canada	  	Registered	  	585254	  	7/15/2003	  	18, 25
							
	

	  	Phat Fashions LLC	  	Canada	  	Registered	  	761110	  	3/9/2010	  	25
							
	

	  	Phat Fashions LLC	  	Canada	  	Registered	  	635879	  	3/22/2005	  	18, 25
							
	PHAT CLASSICS	  	Phat Fashions LLC	  	Canada	  	Pending	  	[s/n 1,379,625]	  	 [filed
 1/17/2008]
	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Canada	  	Registered	  	536709	  	11/6/2000	  	18, 25
							
	

	  	Phat Fashions LLC	  	Canada	  	Registered	  	578514	  	3/28/2003	  	25

													
	

	  	Phat Fashions LLC	  	Canada	  	Registered	  	571500	  	11/29/2002	  	18
							
	

	  	Phat Fashions LLC	  	Canada	  	Registered	  	578443	  	3/27/2003	  	25
							
	

	  	Phat Fashions LLC	  	Canada	  	Registered	  	578524	  	3/28/2003	  	18, 25
							
	PHAT FARM	  	Phat Fashions LLC	  	Chile	  	Registered	  	879693	  	1/18/2000	  	25
							
	

	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Registered	  	4,924,863	  	5/21/2009	  	25
							
	

	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Registered	  	6,943,682	  	8/28/2010	  	09
							
	

	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Registered	  	6,943,683	  	8/28/2010	  	18
							
	

	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Pending	  	[s/n 6,943,684]	  	 [filed
 9/8/2008]
	  	25
							
	

	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Registered	  	6,943,685	  	8/28/2010	  	35

													
	

	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Pending	  	[s/n 4,924,856]	  	 [filed
 9/30/2005]
	  	25
							
	

	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Registered	  	4,924,864	  	5/21/2009	  	25
							
	

	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Registered	  	4,924,865	  	5/14/2009	  	25
							
	PHAT CLASSICS	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Registered	  	6,515,514	  	1/7/2010	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Registered	  	4,681,384	  	1/28/2009	  	35
							
	PHAT FARM	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Registered	  	1,310,594	  	9/7/1999	  	18
							
	PHAT FARM	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Registered	  	1,305,776	  	8/21/1999	  	25
							
	

	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Registered	  	1,684,551	  	12/21/2001	  	18
							
	

	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Registered	  	1,660,889	  	11/7/2001	  	25
							
	

	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Registered	  	1,668,145	  	11/21/2001	  	25

													
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	Colombia	  	Registered	  	259761	  	11/15/2002	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Colombia	  	Registered	  	225901	  	4/13/2000	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	 Cyprus,
 Republic
	  	Pending	  	[s/n 71303]	  	 [filed
 4/14/2005]
	  	18
							
	PHAT FARM	  	Phat Fashions LLC	  	Cyprus, Republic of	  	Pending	  	[s/n 71304]	  	 [filed
 4/14/2005]
	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Denmark	  	Registered	  	3388/99	  	9/15/1999	  	18, 25
							
	PHAT FARM	  	Phat Fashions LLC	  	 Dominican
 Republic
	  	Registered	  	107842	  	10/30/1999	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	 Dominican
 Republic
	  	Registered	  	107838	  	10/30/1999	  	25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	Ecuador	  	Registered	  	4070-00	  	6/29/2000	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Ecuador	  	Registered	  	3432-00	  	6/26/2000	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Egypt	  	Pending	  	[s/n 201587]	  	 [filed
 5/23/2007]
	  	18
							
	PHAT FARM	  	Phat Fashions LLC	  	Egypt	  	Registered	  	201588	  	10/13/2009	  	25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	El Salvador	  	Registered	  	89 Book 137	  	8/21/2001	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	El Salvador	  	Registered	  	50 Book 130	  	5/14/2001	  	25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	 European
 Community
	  	Registered	  	1,396,365	  	6/29/2001	  	09, 18, 25

													
	

	  	Phat Fashions LLC	  	 European
 Community
	  	Registered	  	004643417	  	8/2/2007	  	09, 18, 25
							
	

	  	Phat Fashions LLC	  	 European
 Community
	  	Registered	  	005264569	  	8/2/2007	  	25
							
	

	  	Phat Fashions LLC	  	 European
 Community
	  	Registered	  	004643433	  	3/2/2007	  	09, 18, 25
							
	

	  	Phat Fashions LLC	  	 European
 Community
	  	Registered	  	004643326	  	3/2/2007	  	09, 18, 25
							
	

	  	Phat Fashions LLC	  	 European
 Community
	  	Registered	  	004643292	  	4/17/2009	  	09, 18, 25
							
	PHAT CLASSICS	  	Phat Fashions LLC	  	 European
 Community
	  	Registered	  	006584049	  	1/20/2009	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	 European
 Community
	  	Registered	  	004479523	  	9/25/2006	  	35
							
	PHAT FARM	  	Phat Fashions LLC	  	 European
 Community
	  	Registered	  	881482	  	10/19/1999	  	09, 18, 25
							
	PHAT FARM	  	Phat Fashions LLC	  	France	  	Registered	  	97/702,680	  	11/4/1997	  	18, 25
							
	PHAT FARM	  	Phat Fashions LLC	  	Germany	  	Registered	  	396.55.627	  	4/30/1997	  	24, 25, 28
							
	

	  	Phat Fashions LLC	  	Germany	  	Registered	  	300.73.335	  	7/11/2001	  	18, 25

													
							
	PHAT FARM	  	Phat Fashions LLC	  	Guatemala	  	Registered	  	104677	  	6/5/2000	  	25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	Honduras	  	Registered	  	79271	  	10/12/2000	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Honduras	  	Registered	  	77400	  	6/14/2000	  	25
							
	

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	300497908	  	9/20/2005	  	25
							
	

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	300497917	  	9/20/2005	  	25
							
	

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	300497926	  	9/20/2005	  	25
							
	

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	300497890	  	9/20/2005	  	25
							
	

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	3780/2002	  	9/22/2000	  	25
							
	

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	4218/2001	  	9/22/2000	  	18
							
	

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	6286/2002	  	9/22/2000	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	India	  	Registered	  	1,275,910	  	3/29/2008	  	25

													
							
	

	  	Phat Fashions LLC	  	Japan	  	Registered	  	4980466	  	8/18/2006	  	25
							
	

	  	Phat Fashions LLC	  	Japan	  	Registered	  	4980465	  	8/18/2006	  	25
							
	

	  	Phat Fashions LLC	  	Japan	  	Registered	  	4980467	  	8/18/2006	  	25
							
	

	  	Phat Fashions LLC	  	Japan	  	Registered	  	4980464	  	8/18/2006	  	25
							
	PHAT CLASSICS	  	Phat Fashions LLC	  	Japan	  	Registered	  	5199837	  	1/23/2009	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Japan	  	Registered	  	4660257	  	4/4/2003	  	03, 14, 18
							
	PHAT FARM	  	Phat Fashions LLC	  	Japan	  	Renewed	  	3234428	  	12/25/1996	  	25
							
	

	  	Phat Fashions LLC	  	Japan	  	Registered	  	4510370	  	9/28/2001	  	25
							
	

	  	Phat Fashions LLC	  	Japan	  	Registered	  	4510371	  	9/28/2001	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Jordan	  	Registered	  	91566	  	4/10/2007	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Jordan	  	Registered	  	91565	  	4/10/2007	  	18

													
							
	PHAT FARM	  	Phat Fashions LLC	  	Korea, Republic of	  	Registered	  	4581800000	  	07/02/2010	  	25
							
	

	  	Phat Fashions LLC	  	Korea, Republic of	  	Registered	  	40-0729668	  	11/30/2007	  	18, 25
							
	

	  	Phat Fashions LLC	  	Korea, Republic of	  	Registered	  	40-714764	  	6/26/2007	  	25
							
	PHAT CLASSICS	  	Phat Fashions LLC	  	Korea, Republic of	  	Registered	  	790305	  	5/28/2009	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Korea, Republic of	  	Registered	  	0458180	  	11/8/1999	  	25
							
	

	  	Phat Fashions LLC	  	Korea, Republic of	  	Registered	  	503491	  	10/11/2001	  	18
							
	

	  	Phat Fashions LLC	  	Korea, Republic of	  	Registered	  	522951	  	6/14/2002	  	25
							
	

	  	Phat Fashions LLC	  	Korea, Republic of	  	Registered	  	522952	  	6/14/2002	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Kuwait	  	Registered	  	59465	  	7/16/2005	  	35
							
	PHAT FARM	  	Phat Fashions LLC	  	Kuwait	  	Registered	  	59256	  	5/28/2005	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Kuwait	  	Registered	  	58935	  	5/28/2005	  	18
							
	PHAT FARM	  	Phat Fashions LLC	  	Lebanon	  	Registered	  	110637	  	4/17/2007	  	18, 25

													
							
	

	  	Phat Fashions LLC	  	Macao	  	Registered	  	19200	  	2/9/2006	  	25
							
	

	  	Phat Fashions LLC	  	Macao	  	Registered	  	19201	  	2/9/2006	  	25
							
	

	  	Phat Fashions LLC	  	Macao	  	Registered	  	19199	  	2/9/2006	  	25
							
	

	  	Phat Fashions LLC	  	Macao	  	Registered	  	19198	  	2/9/2006	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Macao	  	Registered	  	19196	  	2/9/2006	  	25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	Mexico	  	Registered	  	649991	  	11/16/1999	  	25
							
	

	  	Phat Fashions LLC	  	Mexico	  	Registered	  	714315	  	4/4/2001	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Mexico	  	Renewed	  	618088	  	7/9/1998	  	25
							
	

	  	Phat Fashions LLC	  	Mexico	  	Registered	  	689044	  	9/22/2000	  	25
							
	

	  	Phat Fashions LLC	  	Mexico	  	Registered	  	702461	  	9/22/2000	  	25

													
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	New Zealand	  	Renewed	  	602615	  	8/13/1999	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	New Zealand	  	Registered	  	297099	  	8/24/1998	  	25
							
	

	  	Phat Fashions LLC	  	New Zealand	  	Registered	  	623829	  	9/22/2000	  	18
							
	

	  	Phat Fashions LLC	  	New Zealand	  	Registered	  	623830	  	9/22/2000	  	25
							
	

	  	Phat Fashions LLC	  	New Zealand	  	Registered	  	623831	  	9/22/2000	  	25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	Nicaragua	  	Registered	  	46855 C.C.	  	2/1/2001	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Nicaragua	  	Registered	  	46048 C.C.	  	1/5/2001	  	25
							
	

	  	Phat Fashions LLC	  	Norway	  	Registered	  	237046	  	1/2/2007	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Norway	  	Registered	  	202430	  	1/2/2007	  	25
							
	

	  	Phat Fashions LLC	  	Norway	  	Registered	  	237044	  	1/2/2007	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Oman	  	Registered	  	43812	  	11/11/2007	  	18
							
	PHAT FARM	  	Phat Fashions LLC	  	Oman	  	Registered	  	43813	  	1/30/2008	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Panama	  	Registered	  	120122	  	3/20/2002	  	25

													
							
	

	  	Phat Fashions LLC	  	Panama	  	Registered	  	112698	  	1/31/2001	  	18
							
	

	  	Phat Fashions LLC	  	Panama	  	Registered	  	112699	  	1/31/2001	  	25
							
	

	  	Phat Fashions LLC	  	Panama	  	Registered	  	112700	  	1/31/2001	  	25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	Paraguay	  	Registered	  	228175	  	8/31/2000	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Paraguay	  	Registered	  	222338	  	2/7/2000	  	25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	Peru	  	Registered	  	66163	  	7/31/2000	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Peru	  	Registered	  	058266	  	10/15/1999	  	25
							
	

	  	Phat Fashions LLC	  	Philippines	  	Registered	  	42003009309	  	11/22/2007	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Qatar	  	 Pending
 (Published)
	  	[s/n 44404]	  	 [filed
 4/25/2007]
	  	18
							
	PHAT FARM	  	Phat Fashions LLC	  	Qatar	  	 Pending
 (Published)
	  	[s/n 44405]	  	 [filed
 4/25/2007]
	  	25
							
	

	  	Phat Fashions LLC	  	Romania	  	Registered	  	074175	  	1/11/2006	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Romania	  	Registered	  	074173	  	1/11/2006	  	25

													
							
	

	  	Phat Fashions LLC	  	Romania	  	Registered	  	074174	  	1/11/2006	  	25
							
	

	  	Phat Fashions LLC	  	 Russian
 Federation
	  	Registered	  	322296	  	3/12/2007	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	 Russian
 Federation
	  	Registered	  	321364	  	2/19/2007	  	25
							
	

	  	Phat Fashions LLC	  	 Russian
 Federation
	  	Registered	  	321363	  	3/7/2007	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Saudi Arabia	  	Registered	  	996/76	  	6/19/2008	  	18
							
	PHAT FARM	  	Phat Fashions LLC	  	Saudi Arabia	  	Pending	  	[s/n 109454]	  	 [filed
 9/18/2006]
	  	
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01934	  	8/19/2008	  	18
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01932	  	8/25/2008	  	09
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01935	  	8/25/2008	  	25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01914	  	8/4/2008	  	18
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01912	  	8/4/2008	  	09

													
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01915	  	8/4/2008	  	25
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01920	  	8/13/2008	  	25
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01919	  	8/19/2008	  	18
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01917	  	8/26/2008	  	09
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2006/20283	  	11/19/2009	  	25
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01922	  	8/13/2008	  	09
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01925	  	8/25/2008	  	25
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01924	  	8/19/2008	  	18
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01927	  	8/19/2008	  	09

													
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01929	  	8/19/2008	  	18
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01930	  	8/25/2008	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01904]	  	 [filed
 2/11/2004]
	  	18
							
	PHAT FARM	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01902]	  	 [filed
 2/11/2004]
	  	09
							
	PHAT FARM	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01905]	  	 [filed
 2/11/2004]
	  	25
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01937	  	12/2/2008	  	09
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01939	  	12/18/2008	  	18
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01940	  	2/11/2004	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Sweden	  	Registered	  	331746	  	6/28/1999	  	18, 25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	Switzerland	  	Registered	  	473.602	  	11/26/1999	  	25

													
							
	

	  	Phat Fashions LLC	  	Switzerland	  	Registered	  	543.073	  	2/23/2006	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Switzerland	  	Renewed	  	452.818	  	1/7/1998	  	18, 25
							
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1252966	  	3/1/2007	  	25
							
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1252968	  	3/1/2007	  	25
							
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1252967	  	3/1/2007	  	25
							
	PHAT CLASSICS	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1335278	  	11/1/2008	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1207765	  	5/1/2006	  	25
							
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	976977	  	12/16/2001	  	18
							
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	961537	  	9/16/2001	  	25
							
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	974471	  	9/15/2001	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Thailand	  	Registered	  	179319	  	4/22/2002	  	25

													
							
	

	  	Phat Fashions LLC	  	Turkey	  	Registered	  	2006/10383	  	1/18/2006	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Turkey	  	Registered	  	2005/08322	  	3/11/2005	  	18, 25, 28
							
	PHAT FARM	  	Phat Fashions LLC	  	Turkey	  	Registered	  	2002/14794	  	6/17/2002	  	03, 14, 18, 25
							
	

	  	Phat Fashions LLC	  	Turkey	  	Registered	  	2006/01499	  	1/19/2006	  	25
							
	

	  	Phat Fashions LLC	  	United Arab Emirates	  	Registered	  	84617	  	10/3/2007	  	25
							
	PHAT CLASSICS	  	Phat Fashions LLC	  	United Arab Emirates	  	Pending	  	[s/n 105511]	  	 [filed
 1/17/2008]
	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	United Arab Emirates	  	Registered	  	81909	  	5/24/2007	  	35
							
	PHAT FARM	  	Phat Fashions LLC	  	United Arab Emirates	  	Registered	  	58640	  	3/14/2006	  	18
							
	PHAT FARM	  	Phat Fashions LLC	  	United Arab Emirates	  	 Pending
 (Opposed)
	  	[s/n 68628]	  	 [filed
 4/10/2005]
	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	 United
 Kingdom
	  	Renewed	  	2150235	  	10/31/1997	  	18, 25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	Uruguay	  	Registered	  	318.577	  	6/27/2000	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Uruguay	  	Registered	  	314.449	  	2/16/2000	  	25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	Venezuela	  	Registered	  	P-224.647	  	9/5/2000	  	25

													
							
	PHAT FARM	  	Phat Fashions LLC	  	Venezuela	  	Registered	  	P-218.439	  	2/25/2000	  	25
							
	

	  	Phat Fashions LLC	  	Venezuela	  	Registered	  	[s/n 18151/02]	  	11/10/2011	  	25
							
	

	  	Phat Fashions LLC	  	Canada	  	Registered	  	703855	  	12/27/2007	  	03
							
	PHAT FARM	  	Phat Fashions LLC	  	Canada	  	Registered	  	703853	  	12/27/2007	  	03
							
	PHAT FARM	  	Phat Fashions LLC	  	Japan	  	Registered	  	4660257	  	4/4/2003	  	03, 14, 18
							
	PHAT FARM	  	Phat Fashions LLC	  	Mexico	  	Registered	  	712288	  	3/19/2001	  	03
							
	

	  	Phat Fashions LLC	  	Mexico	  	Registered	  	869872	  	2/25/2005	  	03
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01931	  	8/25/2008	  	03
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01933	  	8/25/2008	  	14
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01913	  	8/4/2008	  	14
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01911	  	8/4/2008	  	03

													
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01918	  	8/13/2008	  	14
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01916	  	8/4/2008	  	03
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01921	  	8/19/2008	  	03
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01923	  	8/19/2008	  	14
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01926	  	8/19/2008	  	03
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01928	  	8/19/2008	  	14
							
	PHAT FARM	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01901]	  	 [filed
 2/11/2004]
	  	03
							
	PHAT FARM	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01903]	  	 [filed
 2/11/2004]
	  	14
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01936	  	12/18/2008	  	03
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01938	  	12/2/2008	  	14
							
	PHAT FARM	  	Phat Fashions LLC	  	Turkey	  	Registered	  	2002/14794	  	6/17/2002	  	03, 14, 18, 25

 Schedule C 

Transferred Domain Names 
 wwwphatfarm.biz 

wwwphatfarm.cc 
 wwwphatfarm.info 

wwwphatfarm.net 
 wwwphatfarm.tv 

wwwphatfarm.ws 
 thephatfarm.com 

thephatfarm.net 
 thephatfarm.org 

satfarm.com 
 premiumbyphatfarm.biz 

premiumbyphatfarm.com 
 premiumbyphatfarm.info 

premiumbyphatfarm.net 
 premiumbyphatfarm.org 

pjatfarm.com 
 phatferm.com 

phatpharm.net 
 phatpharm.org 

phatfamr.com 
 phatfarm.biz 

phat-farm.biz 
 phatfarm.com 

phatfarm.hk 
 phatfarm.info 

phat-farm.info 
 phatfarm.net 

phatfarm.org 
 phatfarm.us 

phat-farm.us 
 phatfarmclothes.biz 

phatfarmclothes.cc 
 phatfarmclothes.com 

phatfarmclothes.info 
 phatfarmclothes.net 

phatfarmclothes.org 
 phatfarmclothes.ws 

phatfarmkids.com 
 phatfarmkids.info 

phatfarmkids.net 
 phatfarmkids.org 

phatfarms.com 

 pf129.com 

pf129.info 
 pf129.net 

pf129.org 
 wwwphatfarm.cc 

wwwphatfarm.info 

 Schedule D 

Administrative and Agency Actions 
  

	1)	PHAT FARM (Argentina) in Class 25 g App. No. 3,042,402 

	 	•	 	Still pending. 

  

	2)	PHAT FARM (Brazil) in Class 25 g App. No. 821.346.300 

  

	 	•	 	Application is being kept in abeyance until a decision is rendered on Application No. 820.033.146 for FARM RIO. Phat Fashions has filed several other foreign registration certificates for PHAT FARM in support of
its application for review of the file. 

  

	3)	P and Laurel Leaf Shield Design (China) in Class 25 g App. No. 6,943,684 

  

	 	•	 	Trademark Office cited Reg. No. 3765335 as a block to this application. Phat Fashions filed a non-use cancellation action against Reg. No. 3765335, and this action is still pending. 

 

	4)	PHAT FARM (Cyprus) in Class 18 g App. No. 71303 

  

	 	•	 	Still pending. 

  

	5)	PHAT FARM (Cyprus) in Class 25 g App. No. 71304 

  

	 	•	 	Still pending. 

  

	6)	PHAT FARM (Egypt) in Class 18 g App. No. 201587 

  

	 	•	 	This application has registered, but waiting for the Trademark Office to issue the registration certificates. 

  

	7)	PHAT FARM (Saudi Arabia) in Class 25 g App. No. 109454 

  

	 	•	 	Still pending. 

  

	8)	PHAT FARM (South Africa) in Classes 9, 18, 25 g App. Nos. 2004/01902, 2004/01904, and 2004/01905 

 

	 	•	 	Several registrations were cited against these applications. 

  

	9)	PHAT FARM (United Arab Emirates) in Class 25) g App. No. 68628 

  

	 	•	 	This application was opposed, and the Trademark Office has yet to issue a decision in the opposition proceeding. 

  

	10)	PHAT FARM and P Leaf Design (Venezuela) in Class 25 g App. No. 18151/02 

  

	 	•	 	The Trademark Office cited App. No. 1048/2002 which Phat Fashions opposed. The Trademark Office will not issue a decision on App. No. 18151/02 until there is a decision issued in the opposition proceeding of
1048/2002. 

 Settlement Agreements 

 

	1)	The Settlement Agreement between Phat Fashions LLC and Victoria’s Secret Stores Brand Management, Inc. dated October 10, 2008. 

 

	2)	The Settlement Agreement between Levi Strauss & Co., Phat Fashions LLC and American Design Group, Inc. dated December 20, 2002. 

 

	3)	The Settlement Agreement between Phat Cushion LLC and Phat Fashions, LLC dated February 27, 2007. 

  

	4)	The Settlement Agreement between Phat Fashions LLC and Nordstrom, Inc. dated February 28, 2007. 

 Exhibit 3.2(c) 

TRADEMARK COEXISTENCE AGREEMENT 

This AGREEMENT is entered into as of this     day of
            , 2012 (“Effective Date”), by and between Phat Fashions LLC, a New York limited liability company and its direct parent and its and their subsidiaries (hereinafter
“Phat Fashions”), and Phat Farm Holding Company LLC, a New York limited liability company and its Affiliates (hereinafter “PFHC”). (Phat Fashions and PFHC are sometimes referred to herein individually as a “Party” or
collectively as the “Parties.”) 
 WHEREAS, Phat Fashions is the owner of United States and foreign trademark registrations
for numerous trademarks containing the word “Phat”, including but not limited to Baby Phat and Phat (the “Baby Phat Marks”). The Baby Phat Marks also include any translations, transliterations, adaptations, derivations, acronyms,
variations, insignias, designations, or combinations thereof or any name likely to cause confusion with or dilute any of the foregoing, or similar trademarks thereto which have not yet been contemplated by Phat Fashions, but which are exclusive of
the Phat Farm Marks (as defined below); 
 WHEREAS, Phat Fashions sold certain United States and foreign trademark registration and
applications for the trademarks shown on the attached Exhibit A (the “Phat Farm Marks”) to PFHC pursuant to a Purchase Agreement dated as of June     , 2012 (the “Purchase Agreement”) and a significant
condition to Kellwood’s willingness to consummate the Purchase Agreement was that the Parties would enter into this Agreement; 

WHEREAS, the Parties each acknowledge they received a material benefit from the consummation of the transactions contemplated by the
Purchase Agreement and agree that, provided the Parties abide by the terms of this Agreement, the Baby Phat Marks and Phat Farm Marks are sufficiently distinct and are not likely to be confused by the Parties’ customers; and 

WHEREAS, the Parties desire to assure worldwide peaceful co-existence of their respective exclusive use rights in and to the trademarks
in accordance with the terms set forth herein. 
 NOW, THEREFORE, in consideration of the premises and promises contained herein and
in further consideration for the rights and obligations of the Parties under the Purchase Agreement, the Parties hereto agree as follows: 

1. PFHC Restrictive Use. PFHC agrees and covenants that it (a) cannot and will not use the word “Phat” (or any
translation thereof) without the words “Farm,” “Premium,” “Classic,” “Classics” or “Threads” immediately following or succeeding the word “Phat” (for clarification the words must appear
together as “Phat Farm,” “Phat Premium,” “Phat Classic,” “Phat Classics,” or “Phat Threads”) in any, trademark, service mark, corporate name, keyword, website, or other designation of origin or in
any commercial manner; (b) cannot and will not use the word “Baby” (or any translation thereof or confusingly similar terms) in conjunction with the word Phat in any, trademark, service mark, corporate name, keyword, website, or other
designation of origin or in any commercial manner; (c) shall always use the words “Phat” and “Farm” “Premium,” “Classic,” “Classics” or “Threads” in a manner of reasonably equivalent

 
prominence, including with respect to size, font, stylization, and placement of each word, it being recognized that the Phat Farm Marks as shown on Exhibit A do include different fonts and
stylizations between “Phat” and the other words used; (d) shall not use any font or stylization then-used or recently used in connection with the Baby Phat Marks or any font or stylization likely to cause confusion or suggest
affiliation with the Baby Phat Marks; and (e) will refrain from using, registering, or seeking to register any design confusingly similar to, or work of authorship substantially similar to, the designs within the Baby Phat Marks, or any design
confusingly similar or any work of authorship substantially similar thereto. 
 2. Phat Fashions Restrictive Use. Phat Fashions
agrees and covenants that it (a) cannot and will not use the word “Farm,” (or any translation thereof or confusingly similar terms) in conjunction with the word “Phat” in any trademark, service mark, corporate name, keyword,
website, or other designation of origin or in any commercial manner and (b) cannot and will not use the phrases “Phat Premium,” “Phat Classic,” “Phat Classics,” or “Phat Threads” (or any translation
thereof) in any trademark, service mark, corporate name, keyword, website, or other designation of origin or in any commercial manner unless another word(s) is immediately following or preceding the word “Phat” (for example “Baby Phat
Premium,” or “Baby Phat Classic,”). For the avoidance of doubt, nothing in this Agreement shall prevent Phat Fashions from using or registering any marks using the word “Phat” or any translation thereof, except as explicitly
restricted in this Agreement. 
 3. Non-interference. Provided the other Party strictly adheres to its respective obligations under
paragraphs 1 and 2 above, each Party hereby agrees not to object to, or assert any claim or to take any action anywhere in the world to (a) interfere with, oppose, challenge or otherwise object to the free and unfettered use of the other
Party’s trademarks; or (b) petition to challenge, oppose, cancel or otherwise object to the registrations, renewals of registration, or applications of the other Party’s trademarks. This Agreement does not restrict or affect either
Party’s right to enforce its respective trademarks or the rights therein against any third party or either Party’s right to assert its rights pursuant to this Agreement in good faith. 

4. Representations and Warranties. Each Party represents and warrants to the other that there are no existing oppositions, cancellation
actions or other challenges filed by it against the other Party with respect to the trademarks referenced in this Agreement and to the extent that any such filings exist each Party agrees to withdraw such filings upon the execution of this
Agreement, or if after the execution of this Agreement, upon notice of the existence of such filings. Each Party further represents and warrants to the other that it has the full legal right and authority to enter into and be bound by the terms of
this Agreement, that the persons signing on its behalf are legally authorized to do so, that no other Party’s consent is required to execute same, that to the best of its knowledge its execution of same will not violate any right of any other
person, and that they have not sold, assigned, or otherwise transferred, prior to the date of this Agreement, any claim or demand that they had or might have had against the other Party. No representations or warranties have been made by either
Party to the other, or by anyone else, except as expressly set forth in this Agreement, and this Agreement is not being executed in reliance on any representation or warranty other than those expressly set forth herein. 

  
 2 

 5. Release and Waiver. Except for any claims, causes of action, liabilities or damages
covered by the Purchase Agreement, each Party hereby waives and releases the other Party, its past, present and future agents, representatives, shareholders, principals, attorneys, affiliates, parent corporations, subsidiaries, divisions, officers,
directors, employees, predecessors, and successors from and against any claims, causes of action, liabilities or damages arising out of or related to the other Party’s use and registration of the Phat Farm Marks occurring prior to and up to the
Effective Date. 
 6. Lack of Confusion; Further Assurances. Provided each Party faithfully complies with the terms of this
Agreement, the Parties mutually believe that any use by PFHC of the Phat Farm Marks in compliance with this Agreement, and any use by Phat Fashions of the Baby Phat Marks in compliance with this Agreement, is not likely to cause any confusion and
the Parties agree to reasonably cooperate with each other throughout the world to avoid any potential confusion. The Parties each agree that their respective trademarks are sufficiently distinguishable such that there is no likelihood of confusion
arising from the Parties’ concurrent use and/or registration of their respective trademarks in compliance with the terms of this Agreement. The Parties agree to consult with one another in good faith, should circumstances arise to suggest to
either Party that the Parties’ respective use of their trademarks might cause confusion among consumers, all with a view to insuring that no substantial likelihood of confusion between the Parties’ respective uses of their trademarks shall
occur. Further, should one Party’s trademarks be cited against the other Party’s application to register its own trademark as permitted under this Agreement anywhere in the world the Party whose trademark has been cited shall, upon the
written request of the applicant Party, provide whatever written consent may be reasonably requested by the applicant Party to attempt to overcome such citations, provided such requesting Party reimburse the other Party its reasonable costs to
prepare and provide such consent. Each Party shall provide, at the request and expense of the requesting Party, reasonable cooperation and assistance (including the execution and delivery of consents, affidavits, declarations, oaths, assignments,
samples, and any other documentation) (i) as necessary to effect the terms of this Agreement, including, without limitation, to prevent any potential confusion between the trademarks, or (ii) as reasonably requested by the requesting Party
in connection with any lawsuit reasonably related to the subject matter of this Agreement (including by joining as a party to any suit, executing affidavits or other documents, supplying evidence, and/or appearing as a witness). The Parties agree
that, except as otherwise expressly provided in any separate written agreement entered into between the Parties, each will not associate itself with the other Party, or the other Party’s goods or trademarks. 

7. Relationship of Parties. Nothing in this Agreement shall be construed to establish a joint venture, partnership, agency, employment
or other business relationship between the Parties. Neither Party is authorized or empowered to act for or represent the other Party. The Parties agree not to do or authorize any act which would imply apparent authority to act for the other Party.

 8. Authority. Each Party represents and warrants to the other Party that it has the requisite power and authority to enter into
this Agreement and to carry out the transactions contemplated by this Agreement. 

  
 3 

 9. Notices. All notices required or permitted under this Agreement will be in writing,
will reference this Agreement and will be deemed given when: (a) delivered personally; (b) sent by confirmed email or facsimile; or (c) three (3) days after deposit with a commercial air carrier service, with written verification
of receipt or refusal thereof. 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 Days 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: 
 Notice to
PFHC: 
 Phat Farm Holding Company LLC 

1400 Broadway, Suite 1405 
 New
York, NY 10018 
 Attn: Anthony LoConte 

Fax: 212-386-7660 
 Email:
tonylo@alsusa.com 
 With a simultaneous copies, which shall not constitute notice, to: 

Gordon, Herlands, Randolph & Cox LLP 

355 Lexington Avenue 
 New York,
NY 10017 
 Attn: William H. Cox 

Facsimile: 212-983-0772 
 Email:
wcox@gordonherlands.com 
 and 

Anthony Siniscalchi, CPA 
 A.
Uzzo & Company, C.P.A.’s, P.C. 
 287 Bowman Avenue 

Purchase, NY 10577 
 Fax:
(914) 694-9017 
 Email: asiniscalchi@auzzo.com 

Notice to Phat Fashions: 

Phat Fashions, LLC 
 600 Kellwood
Parkway Chesterfield, MO 63017 
 Attn: Keith A. Grypp 

Fax: (314) 576-3388 
 Email:
keith.grypp@kellwood.com 

  
 4 

 With a simultaneous copy, which shall not constitute notice, to: 

Kirkland & Ellis LLP 

300 North LaSalle 
 Chicago, IL
60654 
 Attn: Douglas C. Gessner, P.C. and Jeremy S. Liss 

Facsimile: (312) 862 2200 

Email: douglas.gessner@kirkland.com, jeremy.liss@kirkland.com 

10. Governing Law and Jurisdiction. This Agreement is made, executed and entered into in the State of New York and shall be governed by
and construed in accordance with the laws of the State of New York and U.S. federal trademark laws, without giving effect to its conflicts of law doctrine. The Parties agree that any action arising out of or based upon this Agreement shall be
brought exclusively in the courts of the State of New York located in New York County or in any federal court located in such State and County. 

11. EXCLUSION OF DAMAGES. NEITHER PARTY WILL BE LIABLE TO THE OTHER PARTY, UNDER ANY LEGAL OR EQUITABLE THEORY, FOR ANY CONSEQUENTIAL,
INCIDENTAL, SPECIAL OR INDIRECT DAMAGES OF ANY KIND, SUFFERED BY OR OTHERWISE COMPENSABLE TO THE OTHER, ARISING OUT OF, UNDER OR RELATING TO THIS AGREEMENT, WHETHER OR NOT ADVISED OF THE POSSIBILITY OF SUCH DAMAGES 

12. Opportunity to Review; Representation by Counsel; No Strict Construction. The Parties each acknowledge and agree that they
participated fully in the negotiation of the Purchase Agreement and this Agreement, and that neither Party would have entered into any of the foregoing but for the Parties agreeing to the terms hereof. Both Parties hereby acknowledge and agree that
they are entering into this Agreement freely and voluntarily and that they had a full opportunity to review and understand this Agreement and they engaged competent counsel to fully represent them in connection with this Agreement. Counsel for the
Parties have read and approved the language of this Agreement. The language of this Agreement will be construed as a whole according to its fair meaning, and not strictly for or against any of the Parties. The Parties have participated jointly in
the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the Parties, and no presumption or burden of proof shall arise
favoring or disfavoring any Party by virtue of the authorship of any of the provisions of this Agreement. 
 13. Successors and
Assigns. This Agreement shall be binding upon, inure to the benefit of, and be enforceable by the Parties and their respective successors, assigns, licensees, subsidiaries, divisions, and all others acting by or through them, with or under their
direction, or in privity with them. Each Party will use its reasonable best efforts to require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to any of the trademarks to expressly assume and agree to
perform this Agreement in the same manner and to the same 

  
 5 

 
extent the transferring Party would be required to perform it if no such succession had taken place. In the event either Party assigns this Agreement or a successor assumes this Agreement, the
defined terms “Phat Fashions” or “PFHC” shall automatically be interpreted to mean such assignee’s successors, and not Phat Fashions or PFHC as appropriate. 

14. Equitable Remedies. The Parties acknowledge that they carefully read and considered the terms of this Agreement and know them to be
essential to induce the other Party to enter into the Purchase Agreement and this Agreement. Each of the Parties acknowledge and agree: (i) that there will be no adequate remedy at law for its failure to comply with any of the terms and
conditions of this Agreement; (ii) that such failure will cause irreparable injury to the other Party; and (iii) that, in addition to all other remedies available to the other Party, in the event of any such failure or threatened failure,
the other Party shall be entitled to equitable relief by way of temporary restraining order, temporary and permanent injunction, specific performance and such other and further relief as any court with jurisdiction may deem proper without the need
to post a bond or provide an undertaking. The Parties reserve any and all rights and remedies not expressly addressed in this Agreement. 

15. Entire Agreement and Waiver. This Agreement and the Purchase Agreement constitute the entire agreement and understanding between
the Parties with respect to the subject matter hereof and all prior discussions, representations, understandings and agreements with respect to the subject matter hereof, expressed or implied, written or oral, are superseded by the Purchase
Agreement and this Agreement. No waiver of any provision of this Agreement shall be effective unless in writing and signed by the Party waiving its rights, and then such waiver or consent shall be effective only in the specific instance and for the
specific purpose for which given. No course of conduct or dealing between or among the Parties to this Agreement shall be deemed to affect or to modify, amend, waive or discharge any provision or term of this Agreement. No delay on the part of
either Party in the exercise of any of their respective rights or remedies shall operate as a waiver thereof, and no single or partial exercise of any such right or remedy shall preclude any other or further exercise thereof. 

16. Severability. If any provision of this Agreement shall be prohibited by or invalid under applicable law, such provision shall be
ineffective only to the extent of such prohibition or invalidity without invalidating the remainder of such provision or the remaining provisions of this Agreement. 

17. Counterparts and Electronic Delivery. This Agreement may be executed in counterparts, each of which shall be deemed an original,
and all such counterparts collectively shall constitute but one and the same Agreement. 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 either Party, the other Party shall re-execute the original form of
this Agreement and deliver such form to the requesting Party. Neither Party shall raise the use of Electronic Delivery to deliver a signature or the fact that any 

  
 6 

 
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 Party forever waives any such
defense, except to the extent such defense relates to lack of authenticity 
 18. Descriptive Headings. The headings and captions
used in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 

19. Definitions. “Affiliate” of any particular person or entity means any other person or entity controlling, controlled by
or under common control with such particular person or entity, where “control” means the possession, directly or indirectly, of the power to direct the management and policies of a person or entity whether through the ownership of voting
securities, by contract or otherwise. 
 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their duly
authorized officers as of the Effective Date: 
  

									
	PHAT FASHIONS LLC	 		 	PHAT FARM HOLDING COMPANY LLC
					
	By:	 	  
	 		 	By:	 	  

	Name:	 		 		 	Name:	 	Anthony LoConte
	Title:	 		 		 	Title:	 	  

  
 7 

 SCHEDULE A 

US Registrations and Applications 
  

											
	 Trademark
	  	 Owner
	  	 Status in

Trademark

Office
	  	 Federal

Registration

Number
	  	 Registration

Date
	  	 International

Class

						
	

	  	Phat Fashions LLC	  	Registered	  	2,272,180	  	8/24/1999	  	25
						
	

	  	Phat Fashions LLC	  	 Registered
 (Virginia)
	  	2658	  	11/6/2002	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	3,759,363	  	3/9/2010	  	21
						
	

	  	Phat Fashions LLC	  	Registered	  	3,690,698	  	9/29/2009	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	3,451,492	  	6/17/2008	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	3,438,436	  	5/27/2008	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	2,528,508	  	1/8/2002	  	25

  
 8 

											
						
	 

	  	Phat Fashions LLC	  	Registered	  	2,802,598	  	1/6/2004	  	18
						
	 

	  	Phat Fashions LLC	  	 Registered
 (Virginia)
	  	2656	  	10/28/2002	  	25
						
	 

	  	Phat Fashions LLC	  	Registered	  	3,823,257	  	7/20/2010	  	24
						
	 

 
	  	Phat Fashions LLC	  	Registered	  	3,759,362	  	3/9/2010	  	21
						
	 

	  	Phat Fashions LLC	  	Registered	  	3,812,223	  	6/29/2010	  	24
						
	 

	  	Phat Fashions LLC	  	Registered	  	3,085,753	  	4/25/2006	  	25
						
	 

	  	Phat Fashions LLC	  	Registered	  	2,600,979	  	7/30/2002	  	25
						
	 

 
	  	Phat Fashions LLC	  	Registered	  	3,021,315	  	11/29/2005	  	18

  
 9 

											
						
	PHAT CLASSICS	  	Phat Fashions LLC	  	Registered	  	3,640,322	  	6/15/2009	  	25
						
	PHAT FARM	  	Phat Fashions LLC	  	Registered	  	3,861,131	  	10/12/2010]	  	24
						
	PHAT FARM	  	Phat Fashions LLC	  	Registered	  	3,256,767	  	6/26/2007	  	16
						
	PHAT FARM	  	Phat Fashions LLC	  	Registered	  	3,181,284	  	12/5/2006	  	6
						
	PHAT FARM	  	Phat Fashions LLC	  	 Registered
 (Virginia)
	  	2651	  	10/28/2002	  	25
						
	PHAT FARM	  	Phat Fashions LLC	  	Registered	  	1,809,325	  	12/7/1993	  	25
						
	PHAT FARM	  	Phat Fashions LLC	  	Registered	  	2,415,455	  	12/26/2000	  	18, 25
						
	PHAT FARM	  	Phat Fashions LLC	  	Registered	  	2,867,117	  	7/27/2004	  	9
						
	PHAT FARM	  	Phat Fashions LLC	  	Registered	  	3,013,536	  	11/8/2005	  	25
						
	 

	  	Phat Fashions LLC	  	Registered	  	2,552,152	  	3/26/2002	  	25
						
	 

	  	Phat Fashions LLC	  	Registered	  	2,551,715	  	3/26/2002	  	25
						
	 

	  	Phat Fashions LLC	  	 Registered
 (Virginia)
	  	2652	  	10/28/2002	  	25
						
	 

	  	Phat Fashions LLC	  	Registered	  	3,184,177	  	12/12/2006	  	25
						
	 

	  	Phat Fashions LLC	  	Registered	  	4,006,503	  	8/2/2011	  	25

  
 10 

											
						
	

	  	Phat Fashions LLC	  	Pending	  	[s/n
 77/479,992]
	  	[filed
 5/21/2008
	  	9
						
	

 	  	Phat Fashions LLC	  	Pending	  	[s/n
 77/479,984]
	  	[filed
 5/21/2008]
	  	18
						
	

	  	Phat Fashions LLC	  	Registered	  	3,716,230	  	11/24/2009	  	18
						
	

	  	Phat Fashions LLC	  	Registered	  	3,693,597	  	10/6/2009	  	25
						
	PHAT THREADS	  	Phat Fashions LLC	  	Registered	  	1,819,997	  	2/8/1994	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	2,610,656	  	8/20/2002	  	3
						
	

	  	Phat Fashions LLC	  	Registered	  	3,018,211	  	11/22/2005	  	9
						
	

	  	Phat Fashions LLC	  	Registered	  	3,018,212	  	11/22/2005	  	9
						
	PHAT FARM	  	Phat Fashions LLC	  	Registered	  	3,730,098	  	12/22/2009	  	3
						
	PHAT FARM	  	Phat Fashions LLC	  	Registered	  	3,220,371	  	3/20/2007	  	9
						
	

	  	Phat Fashions LLC	  	Registered	  	3,116,645	  	7/18/2006	  	9

  
 11 

 Foreign Registrations and Applications 

 

													
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in

Trademark

Office
	  	 Federal

Registration

Number
	  	 Registration

Date
	  	 International

Class

							
	PHAT FARM	  	Phat Fashions LLC	  	Argentina	  	Pending	  	[s/n 3,042,402]	  	[filed
 10/29/2010]
	  	25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	Australia	  	Registered	  	866004	  	2/14/2001	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Australia	  	Registered	  	1,066,409	  	7/11/2005	  	25
							
	

	  	Phat Fashions LLC	  	Australia	  	Registered	  	1,064,767	  	7/13/2005	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Bahrain	  	Registered	  	44078	  	4/10/2005	  	18
							
	PHAT FARM	  	Phat Fashions LLC	  	Bahrain	  	Registered	  	44079	  	4/10/2005	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Benelux	  	Renewed	  	619587	  	11/3/1997	  	18, 25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	Bolivia	  	Pending	  	[s/n 14480]	  	[filed
 11/9/1999]
	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Bolivia	  	Registered	  	87438-C	  	7/18/2002	  	25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	Brazil	  	Registered	  	822.460.181	  	12/13/2005	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Brazil	  	 Pending
 (Suspended)
	  	[s/n
 821.346.300]
	  	1/11/1999	  	25

  
 12 

													
							
	

	  	Phat Fashions LLC	  	Bulgaria	  	Registered	  	62248	  	12/3/2007	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Bulgaria	  	Registered	  	76817	  	5/17/2011	  	25
							
	

	  	Phat Fashions LLC	  	Bulgaria	  	Registered	  	76818	  	5/17/2011	  	25
							
	 

	  	Phat Fashions LLC	  	Bulgaria	  	Registered	  	000447756	  	5/10/2003	  	25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	Canada	  	Registered	  	586083	  	7/29/2003	  	25
							
	 

	  	Phat Fashions LLC	  	Canada	  	Registered	  	585254	  	7/15/2003	  	18, 25
							
	

	  	Phat Fashions LLC	  	Canada	  	Registered	  	761110	  	3/9/2010	  	25
							
	

	  	Phat Fashions LLC	  	Canada	  	Registered	  	635879	  	3/22/2005	  	18, 25
							
	PHAT CLASSICS	  	Phat Fashions LLC	  	Canada	  	Pending	  	[s/n
1,379,625]	  	[filed
 1/17/2008]
	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Canada	  	Registered	  	536709	  	11/6/2000	  	18, 25
							
	

 	  	Phat Fashions LLC	  	Canada	  	Registered	  	578514	  	3/28/2003	  	25

  
 13 

													
							
	

 	  	Phat Fashions LLC	  	Canada	  	Registered	  	571500	  	11/29/2002	  	18
							
	

	  	Phat Fashions LLC	  	Canada	  	Registered	  	578443	  	3/27/2003	  	25
							
	

	  	Phat Fashions LLC	  	Canada	  	Registered	  	578524	  	3/28/2003	  	18, 25
							
	PHAT FARM	  	Phat Fashions LLC	  	Chile	  	Registered	  	879693	  	1/18/2000	  	25
							
	

	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Registered	  	4,924,863	  	5/21/2009	  	25
							
	

 	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Registered	  	6,943,682	  	8/28/2010	  	09
							
	

 	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Registered	  	6,943,683	  	8/28/2010	  	18
							
	

 	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Pending	  	[s/n
6,943,684]	  	[filed
 9/8/2008]
	  	25
							
	

 	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Registered	  	6,943,685	  	8/28/2010	  	35

  
 14 

													
							
	

	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Pending	  	[s/n
4,924,856]	  	[filed
 9/30/2005]
	  	25
							
	

	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Registered	  	4,924,864	  	5/21/2009	  	25
							
	

	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Registered	  	4,924,865	  	5/14/2009	  	25
							
	PHAT CLASSICS	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Registered	  	6,515,514	  	1/7/2010	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Registered	  	4,681,384	  	1/28/2009	  	35
							
	PHAT FARM	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Registered	  	1,310,594	  	9/7/1999	  	18
							
	PHAT FARM	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Registered	  	1,305,776	  	8/21/1999	  	25
							
	

	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Registered	  	1,684,551	  	12/21/2001	  	18
							
	

 	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Registered	  	1,660,889	  	11/7/2001	  	25
							
	

	  	Phat Fashions LLC	  	 China
 (Peoples’

Republic)
	  	Registered	  	1,668,145	  	11/21/2001	  	25

  
 15 

													
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	Colombia	  	Registered	  	259761	  	11/15/2002	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Colombia	  	Registered	  	225901	  	4/13/2000	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	 Cyprus,
 Republic
	  	Pending	  	[s/n
71303]	  	[filed
 4/14/2005]
	  	18
							
	PHAT FARM	  	Phat Fashions LLC	  	Cyprus, Republic of	  	Pending	  	[s/n
71304]	  	[filed
 4/14/2005]
	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Denmark	  	Registered	  	3388/99	  	9/15/1999	  	18, 25
							
	PHAT FARM	  	Phat Fashions LLC	  	 Dominican
 Republic
	  	Registered	  	107842	  	10/30/1999	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	 Dominican
 Republic
	  	Registered	  	107838	  	10/30/1999	  	25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	Ecuador	  	Registered	  	4070-00	  	6/29/2000	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Ecuador	  	Registered	  	3432-00	  	6/26/2000	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Egypt	  	Pending	  	[s/n
201587]	  	[filed
 5/23/2007]
	  	18
							
	PHAT FARM	  	Phat Fashions LLC	  	Egypt	  	Registered	  	201588	  	10/13/2009	  	25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	El Salvador	  	Registered	  	89 Book
137	  	8/21/2001	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	El Salvador	  	Registered	  	50 Book
130	  	5/14/2001	  	25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	 European
 Community
	  	Registered	  	1,396,365	  	6/29/2001	  	09, 18,
25

  
 16 

													
							
	

	  	Phat Fashions LLC	  	 European
 Community
	  	Registered	  	004643417	  	8/2/2007	  	09, 18,
25
							
	

	  	Phat Fashions LLC	  	 European
 Community
	  	Registered	  	005264569	  	8/2/2007	  	25
							
	

	  	Phat Fashions LLC	  	 European
 Community
	  	Registered	  	004643433	  	3/2/2007	  	09, 18,
25
							
	

	  	Phat Fashions LLC	  	 European
 Community
	  	Registered	  	004643326	  	3/2/2007	  	09, 18,
25
							
	

	  	Phat Fashions LLC	  	 European
 Community
	  	Registered	  	004643292	  	4/17/2009	  	09, 18,
25
							
	PHAT CLASSICS	  	Phat Fashions LLC	  	 European
 Community
	  	Registered	  	006584049	  	1/20/2009	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	 European
 Community
	  	Registered	  	004479523	  	9/25/2006	  	35
							
	PHAT FARM	  	Phat Fashions LLC	  	 European
 Community
	  	Registered	  	881482	  	10/19/1999	  	09, 18,
25
							
	PHAT FARM	  	Phat Fashions LLC	  	France	  	Registered	  	97/702,680	  	11/4/1997	  	18, 25
							
	PHAT FARM	  	Phat Fashions LLC	  	Germany	  	Registered	  	396.55.627	  	4/30/1997	  	24, 25,
28
							
	

	  	Phat Fashions LLC	  	Germany	  	Registered	  	300.73.335	  	7/11/2001	  	18, 25

  
 17 

													
							
	PHAT FARM	  	Phat Fashions LLC	  	Guatemala	  	Registered	  	104677	  	6/5/2000	  	25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	Honduras	  	Registered	  	79271	  	10/12/2000	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Honduras	  	Registered	  	77400	  	6/14/2000	  	25
							
	

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	300497908	  	9/20/2005	  	25
							
	

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	300497917	  	9/20/2005	  	25
							
	

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	300497926	  	9/20/2005	  	25
							
	

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	300497890	  	9/20/2005	  	25
							
	

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	3780/2002	  	9/22/2000	  	25
							
	

 	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	4218/2001	  	9/22/2000	  	18
							
	

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	6286/2002	  	9/22/2000	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	India	  	Registered	  	1,275,910	  	3/29/2008	  	25

  
 18 

													
							
	

	  	Phat Fashions LLC	  	Japan	  	Registered	  	4980466	  	8/18/2006	  	25
							
	

	  	Phat Fashions LLC	  	Japan	  	Registered	  	4980465	  	8/18/2006	  	25
							
	

	  	Phat Fashions LLC	  	Japan	  	Registered	  	4980467	  	8/18/2006	  	25
							
	

	  	Phat Fashions LLC	  	Japan	  	Registered	  	4980464	  	8/18/2006	  	25
							
	PHAT CLASSICS	  	Phat Fashions LLC	  	Japan	  	Registered	  	5199837	  	1/23/2009	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Japan	  	Registered	  	4660257	  	4/4/2003	  	03, 14,
18
							
	PHAT FARM	  	Phat Fashions LLC	  	Japan	  	Renewed	  	3234428	  	12/25/1996	  	25
							
	

	  	Phat Fashions LLC	  	Japan	  	Registered	  	4510370	  	9/28/2001	  	25
							
	

	  	Phat Fashions LLC	  	Japan	  	Registered	  	4510371	  	9/28/2001	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Jordan	  	Registered	  	91566	  	4/10/2007	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Jordan	  	Registered	  	91565	  	4/10/2007	  	18

  
 19 

													
							
	PHAT FARM	  	Phat Fashions LLC	  	Korea, Republic of	  	Registered	  	4581800000	  	07/02/2010	  	25
							
	

	  	Phat Fashions LLC	  	Korea, Republic of	  	Registered	  	40-0729668	  	11/30/2007	  	18, 25
							
	

	  	Phat Fashions LLC	  	Korea, Republic of	  	Registered	  	40-714764	  	6/26/2007	  	25
							
	PHAT CLASSICS	  	Phat Fashions LLC	  	Korea, Republic of	  	Registered	  	790305	  	5/28/2009	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Korea, Republic of	  	Registered	  	0458180	  	11/8/1999	  	25
							
	

	  	Phat Fashions LLC	  	Korea, Republic of	  	Registered	  	503491	  	10/11/2001	  	18
							
	

	  	Phat Fashions LLC	  	Korea, Republic of	  	Registered	  	522951	  	6/14/2002	  	25
							
	

	  	Phat Fashions LLC	  	Korea, Republic of	  	Registered	  	522952	  	6/14/2002	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Kuwait	  	Registered	  	59465	  	7/16/2005	  	35
							
	PHAT FARM	  	Phat Fashions LLC	  	Kuwait	  	Registered	  	59256	  	5/28/2005	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Kuwait	  	Registered	  	58935	  	5/28/2005	  	18
							
	PHAT FARM	  	Phat Fashions LLC	  	Lebanon	  	Registered	  	110637	  	4/17/2007	  	18, 25

  
 20 

													
							
	

	  	Phat Fashions LLC	  	Macao	  	Registered	  	19200	  	2/9/2006	  	25
							
	

	  	Phat Fashions LLC	  	Macao	  	Registered	  	19201	  	2/9/2006	  	25
							
	

	  	Phat Fashions LLC	  	Macao	  	Registered	  	19199	  	2/9/2006	  	25
							
	

	  	Phat Fashions LLC	  	Macao	  	Registered	  	19198	  	2/9/2006	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Macao	  	Registered	  	19196	  	2/9/2006	  	25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	Mexico	  	Registered	  	649991	  	11/16/1999	  	25
							
	

	  	Phat Fashions LLC	  	Mexico	  	Registered	  	714315	  	4/4/2001	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Mexico	  	Renewed	  	618088	  	7/9/1998	  	25
							
	

	  	Phat Fashions LLC	  	Mexico	  	Registered	  	689044	  	9/22/2000	  	25
							
	

	  	Phat Fashions LLC	  	Mexico	  	Registered	  	702461	  	9/22/2000	  	25

  
 21 

													
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	New Zealand	  	Renewed	  	602615	  	8/13/1999	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	New Zealand	  	Registered	  	297099	  	8/24/1998	  	25
							
	

	  	Phat Fashions LLC	  	New Zealand	  	Registered	  	623829	  	9/22/2000	  	18
							
	

	  	Phat Fashions LLC	  	New Zealand	  	Registered	  	623830	  	9/22/2000	  	25
							
	

	  	Phat Fashions LLC	  	New Zealand	  	Registered	  	623831	  	9/22/2000	  	25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	Nicaragua	  	Registered	  	46855 C.C.	  	2/1/2001	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Nicaragua	  	Registered	  	46048 C.C.	  	1/5/2001	  	25
							
	

	  	Phat Fashions LLC	  	Norway	  	Registered	  	237046	  	1/2/2007	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Norway	  	Registered	  	202430	  	1/2/2007	  	25
							
	

	  	Phat Fashions LLC	  	Norway	  	Registered	  	237044	  	1/2/2007	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Oman	  	Registered	  	43812	  	11/11/2007	  	18
							
	PHAT FARM	  	Phat Fashions LLC	  	Oman	  	Registered	  	43813	  	1/30/2008	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Panama	  	Registered	  	120122	  	3/20/2002	  	25

  
 22 

													
	

	  	Phat Fashions LLC	  	Panama	  	Registered	  	112698	  	1/31/2001	  	18
							
	

	  	Phat Fashions LLC	  	Panama	  	Registered	  	112699	  	1/31/2001	  	25
							
	

	  	Phat Fashions LLC	  	Panama	  	Registered	  	112700	  	1/31/2001	  	25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	Paraguay	  	Registered	  	228175	  	8/31/2000	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Paraguay	  	Registered	  	222338	  	2/7/2000	  	25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	Peru	  	Registered	  	66163	  	7/31/2000	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Peru	  	Registered	  	058266	  	10/15/1999	  	25
							
	

	  	Phat Fashions LLC	  	Philippines	  	Registered	  	42003009309	  	11/22/2007	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Qatar	  	Pending
(Published)	  	[s/n 44404]	  	[filed
4/25/2007]	  	18
							
	PHAT FARM	  	Phat Fashions LLC	  	Qatar	  	Pending
 (Published)
	  	[s/n 44405]	  	[filed
 4/25/2007]
	  	25
							
	

	  	Phat Fashions LLC	  	Romania	  	Registered	  	074175	  	1/11/2006	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Romania	  	Registered	  	074173	  	1/11/2006	  	25

  
 23 

													
	

	  	Phat Fashions LLC	  	Romania	  	Registered	  	074174	  	1/11/2006	  	25
							
	

	  	Phat Fashions LLC	  	 Russian
 Federation
	  	Registered	  	322296	  	3/12/2007	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	 Russian
 Federation
	  	Registered	  	321364	  	2/19/2007	  	25
							
	

	  	Phat Fashions LLC	  	 Russian
 Federation
	  	Registered	  	321363	  	3/7/2007	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Saudi Arabia	  	Registered	  	996/76	  	6/19/2008	  	18
							
	PHAT FARM	  	Phat Fashions LLC	  	Saudi Arabia	  	Pending	  	[s/n
109454]	  	[filed
 9/18/2006]
	  	
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01934	  	8/19/2008	  	18
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01932	  	8/25/2008	  	09
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01935	  	8/25/2008	  	25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01914	  	8/4/2008	  	18
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01912	  	8/4/2008	  	09

  
 24 

													
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01915	  	8/4/2008	  	25
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01920	  	8/13/2008	  	25
							
	  
 

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01919	  	8/19/2008	  	18
							
	  
 

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01917	  	8/26/2008	  	09
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2006/20283	  	11/19/2009	  	25
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01922	  	8/13/2008	  	09
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01925	  	8/25/2008	  	25
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01924	  	8/19/2008	  	18
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01927	  	8/19/2008	  	09

  
 25 

													
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01929	  	8/19/2008	  	18
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01930	  	8/25/2008	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n
 2004/01904]
	  	[filed
 2/11/2004]
	  	18
							
	PHAT FARM	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n
 2004/01902]
	  	[filed
 2/11/2004]
	  	09
							
	PHAT FARM	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n
 2004/01905]
	  	[filed
 2/11/2004]
	  	25
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01937	  	12/2/2008	  	09
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01939	  	12/18/2008	  	18
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01940	  	2/11/2004	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Sweden	  	Registered	  	331746	  	6/28/1999	  	18, 25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	Switzerland	  	Registered	  	473.602	  	11/26/1999	  	25

  
 26 

													
	

	  	Phat Fashions LLC	  	Switzerland	  	Registered	  	543.073	  	2/23/2006	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Switzerland	  	Renewed	  	452.818	  	1/7/1998	  	18, 25
							
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1252966	  	3/1/2007	  	25
							
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1252968	  	3/1/2007	  	25
							
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1252967	  	3/1/2007	  	25
							
	PHAT CLASSICS	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1335278	  	11/1/2008	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1207765	  	5/1/2006	  	25
							
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	976977	  	12/16/2001	  	18
							
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	961537	  	9/16/2001	  	25
							
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	974471	  	9/15/2001	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Thailand	  	Registered	  	179319	  	4/22/2002	  	25

  
 27 

													
	

	  	Phat Fashions LLC	  	Turkey	  	Registered	  	2006/10383	  	1/18/2006	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Turkey	  	Registered	  	2005/08322	  	3/11/2005	  	18, 25,
28
							
	PHAT FARM	  	Phat Fashions LLC	  	Turkey	  	Registered	  	2002/14794	  	6/17/2002	  	03, 14,
18, 25
							
	

	  	Phat Fashions LLC	  	Turkey	  	Registered	  	2006/01499	  	1/19/2006	  	25
							
	

	  	Phat Fashions LLC	  	United Arab Emirates	  	Registered	  	84617	  	10/3/2007	  	25
							
	PHAT CLASSICS	  	Phat Fashions LLC	  	United Arab Emirates	  	Pending	  	[s/n
105511]	  	[filed
 1/17/2008]
	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	United Arab Emirates	  	Registered	  	81909	  	5/24/2007	  	35
							
	PHAT FARM	  	Phat Fashions LLC	  	United Arab Emirates	  	Registered	  	58640	  	3/14/2006	  	18
							
	PHAT FARM	  	Phat Fashions LLC	  	United Arab Emirates	  	Pending
 (Opposed)
	  	[s/n 68628]	  	[filed
 4/10/2005]
	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	 United
 Kingdom
	  	Renewed	  	2150235	  	10/31/1997	  	18, 25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	Uruguay	  	Registered	  	318.577	  	6/27/2000	  	25
							
	PHAT FARM	  	Phat Fashions LLC	  	Uruguay	  	Registered	  	314.449	  	2/16/2000	  	25
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	Venezuela	  	Registered	  	P-224.647	  	9/5/2000	  	25

  
 28 

													
	PHAT FARM	  	Phat Fashions LLC	  	Venezuela	  	Registered	  	P-218.439	  	2/25/2000	  	25
							
	

	  	Phat Fashions LLC	  	Venezuela	  	Registered	  	[s/n
18151/02]	  	11/10/2011	  	25
							
	

	  	Phat Fashions LLC	  	Canada	  	Registered	  	703855	  	12/27/2007	  	03
							
	PHAT FARM	  	Phat Fashions LLC	  	Canada	  	Registered	  	703853	  	12/27/2007	  	03
							
	PHAT FARM	  	Phat Fashions LLC	  	Japan	  	Registered	  	4660257	  	4/4/2003	  	03, 14,
18
							
	PHAT FARM	  	Phat Fashions LLC	  	Mexico	  	Registered	  	712288	  	3/19/2001	  	03
							
	

	  	Phat Fashions LLC	  	Mexico	  	Registered	  	869872	  	2/25/2005	  	03
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01931	  	8/25/2008	  	03
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01933	  	8/25/2008	  	14
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01913	  	8/4/2008	  	14
							
	CLASSIC AMERICAN FLAVA	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01911	  	8/4/2008	  	03

  
 29 

													
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01918	  	8/13/2008	  	14
							
	  
 

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01916	  	8/4/2008	  	03
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01921	  	8/19/2008	  	03
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01923	  	8/19/2008	  	14
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01926	  	8/19/2008	  	03
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01928	  	8/19/2008	  	14
							
	PHAT FARM	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n
 2004/01901]
	  	[filed
 2/11/2004]
	  	03
							
	PHAT FARM	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n
 2004/01903]
	  	[filed
 2/11/2004]
	  	14
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01936	  	12/18/2008	  	03
							
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01938	  	12/2/2008	  	14
							
	PHAT FARM	  	Phat Fashions LLC	  	Turkey	  	Registered	  	2002/14794	  	6/17/2002	  	03, 14,
18, 25

  
 30 

 Exhibit 3.2(d) 

AMENDED AND RESTATED 
 TRADEMARK
LICENSE AGREEMENT 
 THIS AMENDED AND RESTATED TRADEMARK LICENSE AGREEMENT, dated as of July     , 2012 (the
“Agreement”), is by and between Phat Fashions LLC (“Licensor”), a New York limited liability company with offices at 512 Seventh Avenue, 29th Floor, New York, NY 10018 and
Anthony L & S LLC (“Licensee”) a New Jersey limited liability company with offices at 1400 Broadway, 14th Floor, New York, NY 10018. 

W I T N E S S E T H: 
 WHEREAS,
Licensor and Licensee are parties to that certain Trademark License Agreement dated June 16, 2012, and as amended in Amendment No. 1 to Trademark License Agreement dated April 4, 2012 (collectively, the “Prior License
Agreement”); 
 WHEREAS, Licensor and Licensee entered a Purchase Agreement dated June    , 2012 whereby Licensee
purchased certain rights, title and interest, including goodwill, in and of the trademark PHAT FARM; 
 WHEREAS, Licensor desires to
continue to license the BABY PHAT trademark to Licensee and Licensee desires to continue with that license; 
 WHEREAS, the parties desire
to enter this AMENDED AND RESTATED TRADEMARK LICENSE AGREEMENT with all references to the trademark PHAT FARM and the licensing thereof deleted and with certain other terms amended; and 

WHEREAS, Licensor warrants that it is the sole and exclusive owner of certain trademarks, which trademarks and any registrations or
applications therefore are more particularly described in Schedule A annexed hereto, and the parties desire to enter into this Agreement with regard to the licensing to Licensee of the rights to utilize such intellectual property. 

In consideration of the mutual covenants and agreements hereinafter contained on the part of each of the parties hereto to be kept, observed
and performed, and for such other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto covenant and agree as follows: 

1. Definitions. As used in this Agreement, the following terms and phrases shall have the following meanings: 

“Advance” shall mean an advance payment on account of Royalties payable hereunder in accordance with Sections 4(a) and 4(d).

 “Affiliate” shall mean any person, corporation or other entity which directly or

 
indirectly controls, is controlled by, or is under common control with Licensor or Licensee party. “Control” shall mean possession, directly or indirectly, of power to direct or cause
the direction of management or policies of any such person, corporation or entity, through ownership of voting securities, by contract or otherwise. 

“Affiliated Sales” shall mean any sale of Licensed Product to Licensor by Licensee which shall be at the rate of thirty
percent (30%) below wholesale price. 
 “Annual Period” shall mean the period from the date of execution of this
Agreement through December 31, 2011, which shall be the first Annual Period hereunder, and each consecutive 12-month period ending December 31 thereafter during the Term. 

“Close-Out Price” shall have the meaning set forth in Section 6(i) hereof. 

“Close-Out Sales” shall mean all sales of Licensed Products sold at a Close-Out Price. 

“Guaranteed Minimum Royalty(ies)” or “GMR” shall mean the guaranteed minimum royalties payable by Licensee
under Section 4 hereof. 
 “Initial Marketing Date” shall mean Spring, 2011; showing of sample Licensed Product in
August, 2010. 
 “Laws” shall have the meaning set forth in Section 7(f) hereof. 

“Licensed Channels of Distribution” shall mean only those retail venues listed in Schedule B-1 (“Full Price
Channels of Distribution”) and Schedule B-2 (“Off-Price Channels of Distribution”) annexed hereto and such other retail venues, if any, as may be approved in writing by Licensor, in its sole discretion. Licensed Channels of
Distribution approved by Licensor, including those set forth in Schedules B-1 and B-2, shall remain in effect from the date hereof through the Initial Term. All Licensed Channels of Distribution for any following period must be approved in
writing by Licensor in its sole discretion. Notwithstanding the foregoing, Licensor may eliminate from the Licensed Channels of Distribution any specific retail store or channel authorized by Schedules B-1 and B-2, beginning as of the
following selling season, after providing Licensee no less than sixty (60) days written notice, if Licensor reasonably determines that continued sales of Licensed Products to such store or channel will materially and adversely affect
Licensor’s position in the marketplace, or that the good standing or business practices of such store or channel will materially and adversely affect the reputation or goodwill of Licensor or the Property or Trademarks in the Territory. 

“Licensed Products” shall mean the item or items of merchandise covered by the license granted under this Agreement, as set
forth in Schedule C annexed hereto. 
 “Manufacturer” shall mean a third party who manufactures or produces for
Licensee any Licensed Products or Packaging, advertising or promotional materials for Licensed Products or any components of any of the foregoing. 

  
 2 

 “Minimum Net Sales” shall mean the minimum amount of Net Sales of Licensed
Products for the related Annual Period specified in Section 4(e) hereof. 
 “Net Sales” shall mean the gross invoice
or contract price charged for Licensed Products by Licensee, less only (1) refunds, credits and allowances actually made or allowed to customers for returns or in lieu of returns, and (2) customary trade discounts (not including co-op
advertising, mark down, volume discounts or other allowances), excluding anticipations afforded to and actually taken by customers in payment for Licensed Products; provided, however, that the aggregate deductions for all of the aforesaid items as
provided in subsections (1) and (2) in any Annual Period shall in no event exceed ten (10%) percent of sales of Licensed Products in such Annual Period. In computing Net Sales, no costs incurred in manufacturing, selling, advertising
or distributing the Licensed Products and no indirect expenses shall be deducted, nor shall there be any deduction for uncollectible accounts. 

In the event of sales by Licensee of Licensed Products to a marketing organization or any individual or company in whole or in part controlled
by Licensee, or to one or more distributors for ultimate sale to a retailer, or in any transaction other than an arm’s length transaction, the invoice price used to determine Net Sales hereunder shall be the invoice price at which the Licensed
Products are resold by any such entity to an unrelated retail customer in an arm’s length transaction. Licensed Products shall be deemed sold when shipped, distributed, billed, sold or paid for, whichever occurs first. 

“Packaging” shall mean all tags, labels, cartons or containers, and packing or wrapping material used or to be used by
Licensee in connection with the Licensed Products. 
 “Prime Rate” shall mean the prime rate of interest as published in
the most recent issue of the Wall Street Journal. 
 “Property” shall mean Licensor’s right, title, and interest in
and to the Trademarks. 
 “Royalty(ies)” shall mean the royalties to be paid by Licensee to Licensor for or in connection
with the license to use the Property granted under this Agreement, provided for in Section 4 and all other applicable portions of this Agreement. 

“Term” shall mean the Term of this Agreement, provided for and defined in Section 3. 

“Termination Inventory” shall mean the inventory provided for in Section 12(d), consisting of finished products and work
in process, Packaging, and advertising and promotional material on hand at the time of the termination of this Agreement. 

“Territory” shall mean the United States of America, including, but not limited to, the United States, its territories and
possessions, and all United States military exchanges wheresoever located, Europe, Central America (except that Mexico shall not be effective until 

  
 3 

 
February 1, 2013), South America, Malaysia, Singapore and the Caribbean, unless an additional territory (“Additional Territory”) is listed in Schedule D. Licensee shall also
have a right of first offer with respect to Asia, Australia and New Zealand. 
 “Trademarks” shall mean only
Licensor’s trademarks and copyrights referred to in Schedule A annexed hereto. If Licensor adds mid-tier or mass retail for distribution of goods bearing the Property or a sub-brand of the Property, Licensee shall have the right of first
offer to add the new retailer(s) to the Channel of Distribution. Licensor makes no representations or warranties as to any future retailers’ willingness to carry the Licensed Products. 

2. Grant of License. 

(a) Subject to the terms and conditions set forth herein, Licensor hereby grants to Licensee, and Licensee hereby accepts from Licensor, an
exclusive license to utilize the Property solely in the Territory described herein during the Term of this Agreement, and solely in connection with the manufacture, distribution, importation, advertising, promotion, marketing and sale of the
articles and merchandise described herein as the Licensed Products and solely for sale at retail through the Licensed Channels of Distribution. 

(b) During the Term of this Agreement, Licensor shall not grant to any other person or entity a license to utilize the Property in connection
with the manufacture, distribution, importation, advertising, promotion, marketing or sale of the articles and merchandise described herein as the Licensed Products in the Territory, except as may be expressly provided for in Section 2(e) below.

 (c) Unless Licensor consents in writing, Licensee shall not sell or otherwise provide Licensed Products for use as premiums (including
those in purchase-with-purchase promotions), promotions, give-aways, fund-raisers, or entries in sweepstakes, including, without limitation, home shopping television programs, or to customers for inclusion in another product. In the case of sales
via the Internet or to customers for resale via the Internet, by direct mail or other direct marketing methods, Licensor consents to sales by Licensee to those Internet and direct mail and direct marketing companies specifically set forth on
Schedule B-1 under the caption “INTERNET, DIRECT MAIL AND DIRECT MARKETING RETAILERS.” Licensee shall request written consent from Licensor for sales to any additional Internet and direct mail and direct marketing companies, such consent
not to be unreasonably withheld. Notwithstanding the foregoing, Licensee shall not be in breach of this Section 2(c) if a retailer listed on Schedule B-1 or B-2 sells the Licensed Products via the Internet through its branded website, provided,
that such retailer has a physical retail store open to the public as its primary mode of distribution. 
 (d) Except for the rights to use
the Property in connection with the manufacture and sale of the Licensed Products in the Territory through the Licensed Channels of Distribution expressly provided for herein, Licensor reserves all rights to the use of the Trademarks and the
Property. The license hereby granted shall be used for the marketing and sale of Licensed Products only in the Territory as described herein. Except as provided herein, the Licensee shall not make use of or authorize the use of the Property outside
the Territory nor will it manufacture 

  
 4 

 
or sell any Licensed Products that bear reference to the Property or Licensor’s name in any form to anyone for resale outside the Territory, or to anyone that Licensee has reason to believe
will sell same outside the Territory. Notwithstanding the foregoing, Licensee may, at its own risk, manufacture or cause Licensed Products that bear reference to the Property in any form to be manufactured outside the Territory solely for sale and
distribution within the Territory through the Licensed Channels of Distribution. In connection therewith, Licensee may, at its own risk, develop, manufacture and produce Packaging, advertising or promotional material bearing reference to the
Property outside the Territory solely for sale and distribution of the Licensed Products within the Territory through the Licensed Channels of Distribution. Any Manufacturer performing work for Licensee hereunder must execute and deliver to Licensor
a Manufacturer’s Agreement in the form substantially identical to that annexed hereto as Schedule E before commencing any such work. Should Licensor determine that Licensee has made no reasonable effort to sell Licensed Products within
any of the individual Additional Territory within the First Annual Period, upon thirty (30) days written notice Licensor may terminate the rights of Licensee to sell within the Additional Territory. Licensee shall not have the right to open or
operate any retail or outlet stores. 
 (e) Licensee agrees to sell Licensed Products only through the Licensed Channels of Distribution.
Subject to Section 6(i) hereof, Licensee may only sell Licensed Products sold at a Close-Out Price (as defined in Section 6(i) below) to the Off-Price Channels of Distribution. All other Licensed Products must be sold to the Full Price
Channels of Distribution. Licensor will not grant to any other person or entity any rights to sell or distribute Licensed Products in any other channels of distribution. 

(f) Licensee agrees that it will ship a representative line in commercially reasonable quantities of Licensed Products not later than the
Initial Marketing Date. 
 (g) Licensee acknowledges that Licensor has previously granted, and may hereafter grant, licenses to other
licensees (“Other Licensed Parties”) for use of the Property in connection with the manufacture and sale of various products and merchandise. If Licensee or any Other Licensed Party advises Licensor that there is or may be an existing or
potential conflict in the respective definitions of Licensed Products in this Agreement and the products or merchandise covered by Licensor’s agreement with such Other Licensed Party, or if Licensor determines that any such conflict may exist,
Licensor will use reasonable efforts to resolve or cause the affected parties to resolve the conflict; provided, that Licensor may at any time determine to resolve such conflict by written notice of its determination to the affected parties and any
such determination made in good faith by Licensor will be binding and controlling upon Licensee. 
 3. Term. 

(a) This Agreement shall commence June 1, 2010 and shall continue until December 31, 2015, unless sooner terminated in accordance
with the terms of this Agreement (the “Initial Term”). 
 (b) Licensee shall have the right to renew this Agreement for two
additional 

  
 5 

 
terms of three (3) years. The first renewal term shall be January 1, 2014 to December 31, 2016 (the “First Renewal Term”) and the second renewal term shall be
January 1, 2017 to December 31, 2019 (the “Second Renewal Term” and together with the First Renewal Term, each a “Renewal Term”). To exercise each respective Renewal Term, Licensee must give written notice to Licensor
not sooner than nine (9) months or later than six (6) months prior to expiration of the Initial Term or the First Renewal Term, provided that such renewal right shall be subject to the following terms and conditions: 

(i) At the time Licensee exercises any such renewal right and upon commencement of the applicable Renewal Term, Licensee shall
not be in default under any of the terms, conditions or covenants contained in this Agreement; 
 (ii) At the time Licensee
exercises any such renewal right and upon commencement of a Renewal Term, Licensee shall have met and/or made all Minimum Net Sales, GMR and GMAP payments (as defined in Section 4 below) then applicable under the terms of this Agreement
pursuant to the terms hereof; and 
 (iii) Licensee shall have achieved Net Sales of Licensed Products in the aggregate
amount of (A) at least Sixty Million Dollars ($60,000,000) during the Initial Term, and (B) at least Ninety One Million Two Hundred and Fifty Dollars ($91,250,000) during the First Renewal Term, and if not, Licensee’s right to sell
Licensed Products during the Renewal Terms shall thereupon be terminated for all purposes, unless such right is reinstated by written agreement of Licensor in its sole and absolute discretion. 

Such Renewal Terms shall be on the same terms and conditions as provided herein for the Initial Term, except for the Guaranteed Minimum
Royalties, Guaranteed Minimum Advertising Payments and other amounts payable during the Renewal Term pursuant to Section 4 and other relevant portions of this Agreement. 

4. Rate and Terms of Payment; Advances and Reports. 

(a) The Licensee agrees to pay to the Licensor a Royalty payment equal to eight percent (8%) of all Net Sales (the “Royalty
Rate”) of all Licensed Products during the Initial Term of this Agreement and any sell-off period, if applicable, subject to Section 6(i) below. During the First Renewal Term and the Second Renewal Term and any sell-off period, the Royalty
Rate will be equal to five percent (5%) of all Net Sales of all Licensed Products. Licensee will pay to Licensor a non-refundable Advance of Three Hundred Thousand ($300,000.00) Dollars against Guaranteed Minimum Royalties (“GMR”)
payable during the first Annual Period of the Term, which shall be payable by Licensee upon its execution and delivery of this Agreement, and shall pay Three Hundred Thousand ($300,000.00) Dollars on April 1, 2011, July 1, 2011, and
October 1, 2011. Thereafter, Licensee shall make equal quarterly payments of GMR on January 1, April 1, July 1, and October 1 of each Annual Period. 

(b) All Royalties provided for under this Agreement shall accrue whenever the respective Licensed Products are shipped, sold, distributed,
billed or paid for, whichever 

  
 6 

 
occurs first. Royalties shall also accrue on any sales or distributions to Affiliates of Licensor (“Affiliated Sales”). The Royalties payable on Affiliated Sales of Licensed Products in
any quarterly period shall be calculated based upon the Royalty Rate computed on the average Net Sales with respect to sales of Licensed Products to non-Affiliated parties during the previous quarterly periods. 

(c) Royalties shall be paid quarterly, by wire transfer as instructed by Licensor, within thirty (30) days following the conclusion of
each calendar quarter during the Term hereof, no later than the thirtieth (30th) day of each April, July, October, January, during the Term hereof. The obligation of Licensee to pay Royalties is absolute notwithstanding any claim which Licensee
may assert against Licensor. Licensee shall not have the right to set-off, or to make any deduction from Royalties due pursuant to the provisions hereof for any reason whatsoever; provided, however, that this subsection shall not
prohibit a set off or deduction from Royalties in the case of a claim by Licensee against Licensor which has become a liquidated amount as the result of a decision by a court or an agreement of the parties. 

(d) (i) During each Annual Period, Licensee shall pay to the Licensor Royalties which are equal to the greater of (A) the Royalties
provided by Section 4(a) based on Licensee’s Net Sales during each such year, or (B) the minimum amount of Royalties set forth below (the “Guaranteed Minimum Royalties” or “GMR” for each Annual Period). 

(ii) Licensee shall pay to Licensor as an Advance on account of Guaranteed Minimum Royalties due for each Annual Period during the Term, an
amount equal to twenty five (25%) percent of GMR payable for that Annual Period on the first day of each quarter during that Annual Period (i.e., on each January, April, July and October), commencing with the first quarter for that Annual
Period, except that during the first Annual Period such payments will be made in four (4) installments, the first of which in the amount of Three Hundred Thousand Dollars ($300,000.00) payable upon execution of this Agreement, as set forth in
Section 4(a) above, the second installment in the amount of Three Hundred Thousand Dollars ($300,000.00) shall be payable on April 1, 2011, the third installment in the amount of Three Hundred Thousand Dollars ($300,000.00) shall be
payable on July 1, 2011, and the final installment in the amount of Three Hundred Thousand Dollars ($300,000.00) shall be payable on October 1, 2011. Such Advances on account of GMR for any Annual Period will be payable only to the extent
not earned by Royalties or Advances otherwise paid to Licensor for that Annual Period. In no event will Royalties payable for any Annual Period which are in excess of the GMR for that Annual Period be applied to reduce the GMR for any other Annual
Period. 
 (iii) (A) In the event that this Agreement is terminated by either party for any reason, other than (1) as otherwise
provided in Section 4(d)(iii)(B) below, or (2) by Licensor solely based on Licensee’s failure to achieve Minimum Net Sales and for no other reason, then within thirty (30) days of such termination, Licensee shall be obligated to
pay to Licensor the entire unpaid amount of GMR payable for the remainder of the then current Term; provided in no event shall such amount be less than the GMR payable for the remainder of the then current term following the date of such
termination, as if this Agreement had not been terminated. The parties agree that such payment shall not be deemed a penalty, and shall not be deemed the sole or exclusive remedy of the Licensor in the event of termination of this Agreement. 

  
 7 

 (B) In the event this Agreement is terminated by Licensor solely based on Licensee’s failure
to achieve Minimum Net Sales and for no other reason, or validly terminated by Licensee based upon a material breach by Licensor of the terms hereof which has not been cured after thirty (30) days prior written notice of such breach has been
given by Licensee to Licensor, then and only in such events: (x) Licensee shall only be obligated for payment of Royalties on Net Sales realized by it in the Annual Period in which such termination takes place and for any prior period and
during any sell-off period, if applicable, and (y) Licensee shall not be obligated for payment of any unpaid GMR for that Annual Period which relates to any payment due beyond the date of termination, or for any subsequent Annual Period. 

(e) (i) During each Annual Period of the Term, Licensee must realize Net Sales of Licensed Products (“Minimum Net Sales”), and
pay Guaranteed Minimum Royalties, equal to or in excess of the following: 
  

															
	 Annual Periods During Term
	  	Minimum Net Sales	 	  	        GMR        	 
	 Initial Term
	 				 		  				  			
	 June 1, 2010
	 	 	–	  	 	December 31, 2011	  	$	12,000,000	  	  	$	 1,200,000	  
	 January 1, 2012
	 	 	–	  	 	December 31, 2012	  	 	15,000,000	  	  	 	1,600,000	  
	 January 1, 2013
	 	 	–	  	 	December 31, 2013	  	 	20,000,000	  	  	 	2,000,000	  
	 First Renewal Term
	 				 		  				  			
	 January 1, 2014
	 	 	–	  	 	December 31, 2014	  	 	20,000,000	  	  	 	1,375,000	  
	 January 1, 2015
	 	 	–	  	 	December 31, 2015	  	 	22,750,000	  	  	 	1,512,500	  
	 January 1, 2016
	 	 	–	  	 	December 31, 2016	  	 	26,000,000	  	  	 	1,675,000	  
	 Second Renewal Term
	 				 		  				  			
	 January 1, 2014
	 	 	–	  	 	December 31, 2014	  	 	26,500,000	  	  	 	1,825,000	  
	 January 1, 2015
	 	 	–	  	 	December 31, 2015	  	 	30,000,000	  	  	 	2,000,000	  
	 January 1, 2016
	 	 	–	  	 	December 31, 2016	  	 	34,000,000	  	  	 	2,200,000	  

 (ii) In the event Licensee fails to meet the Minimum Net Sales requirement set forth above for any Annual
Period, whether or not Licensee has paid the GMR with respect to such Annual Period, Licensor shall have the right to terminate this Agreement by written notice to Licensee at any time during the forty-five (45) day period commencing on the
date on which Licensor has received Licensee’s quarterly statements under Section 4(g) for all of the quarters contained in the Annual Period , as applicable, during which Licensee fails to meet its Minimum Net Sales requirements. Minimum
Net Sales requirement must be met for each Licensed Trademark set forth above. Licensor’s right to terminate as provided in this Section 4. (e)(ii) may be applied to an individual Licensed Mark. 

  
 8 

 Notwithstanding the foregoing, Licensee shall make the following payments: 

(A) On April 4, 2012, Licensee shall pay to Licensor Seven Hundred Fifty Thousand ($750,000.00) Dollars which shall be applied towards
the payment of the past due 2011 GMR payments and past due 2011 GMAP payments; and 
 (B) On July 15, 2012, Licensee shall pay to
Licensor Two Million Two Hundred Thousand ($2,200,000.00) Dollars to be applied to the 2012 GMR and 2012 GMAP payments due under the Agreement; and 

Upon payment of all amounts set forth above, Licensor shall confirm to Licensee in writing that it releases Licensee with respect to any
defaults with respect to GMR and GMAP payments with respect to 2011 and 2012 and shall cancel the Personal Guaranty dated April 3, 2012 by Anthony Loconte to and for the benefit of Kellwood Company. 

(f) (i) In addition to the Royalty payments provided hereby, Licensee shall pay to Licensor during each Annual Period of the Initial Term
hereof, except as otherwise expressly provided in Section 4(f)(ii), a payment on account of advertising expenses to be incurred by Licensor (the “Advertising Payment”) equal to the greater of three (3%) percent of the
Minimum Net Sales for that Annual Period, as provided by Section 4(e)(i) (“Guaranteed Minimum Advertising Payment” or “GMAP”), or three (3%) percent of Licensee’s actual Net Sales in such Annual
Period (the “Earned Advertising Payment”), subject to Sections 6(d) and 6(i) below. 
 Notwithstanding the foregoing,
during the First Renewal Term and the Second Renewal Term, the Advertising Payment shall be equal to the greater of one (1%) percent of the Minimum Net Sales for that Annual Period, or one (1%) percent of Licensee’s actual Net Sales
in such Annual Period, subject to Sections 6(d) and 6(i) below. The Advertising Payments shall be made on a quarterly basis, within thirty (30) days following the end of each quarter during the Term, at the same time Royalty payments are due,
as more specifically set forth below 
 (ii) Licensee shall pay non-refundable, recoupable advances against GMAP for the first Annual Period
in the amount of Four Hundred Fifty Thousand Dollars ($450,000.00) Dollars, payable in four (4) installments, as follows: One Hundred Twelve Thousand Five Hundred Dollars ($112,500.00) on January 1, 2011, One Hundred Twelve Thousand Five
Hundred Dollars ($112,500.00) on April 1, 2011, One Hundred Twelve Thousand Five Hundred Dollars ($112, 500.00) on July 1, 2011,and One Hundred Twelve Thousand Five Hundred Dollars ($112,500.00) on October 1, 2011 unless such payments
are due earlier as a result of Licensee’s Net Sales as provided in subsection 4(f)(i). Within thirty (30) days following the end of each calendar quarter during each Annual Period of the Term, including but not limited to the first Annual
Period, at the same time Royalty payments are due, Licensee shall pay to Licensor the Earned Advertising Payment that is in excess of the GMAP, otherwise due for such calendar quarter. In no event will the Earned Advertising Payment payable for any
Annual Period which is in excess of the GMAP for that Annual Period be applied to reduce the GMAP for any other Annual Period. 
 (iv)
Licensor shall spend Advertising Payments received by it from Licensee in any Annual Period for marketing, advertising and promoting the Property and Trademarks in any 

  
 9 

 
manner determined by Licensor in its sole discretion. All such promotional expenditures shall be made by Licensor in such manner and in such forms of promotion and advertising as Licensor deems
to be appropriate, in its discretion, and may include, without limitation, payments for marketing, advertising, public relations, special events and promotions, and production, administration and other costs related thereto. 

(g) Simultaneously with the submission of all payments, and not later than thirty (30) days after the end of each quarter, but regardless
of whether any payment is due, Licensee shall submit a quarterly report in a form reasonably acceptable to Licensor setting forth the number, description and invoice price of each of the Licensed Products sold (by Style Number), the gross sales
price, returns actually received, and discounts and allowances actually granted, the Net Sales, names and addresses of customers and quantities sold to each customer, all of the information required by the forms attached hereto as Schedule I
annexed hereto and any other information that may be reasonably required by Licensor for each month during the previous quarter. Within fifteen (15) days after the end of each month, Licensee shall also submit monthly reports required by the
forms attached hereto as part of Schedule I. Any undisputed Royalty payment or Advertising Payment which is not paid on or before the due date thereof shall thereafter bear interest at the Prime Rate, plus two (2%) percent, which shall
be payable on demand. 
 (h) The receipt or acceptance by Licensor of any Royalty statements furnished pursuant to this Agreement, or the
receipt or acceptance of any Royalties, shall not preclude the Licensor from questioning the correctness thereof at any time thereafter for a period of three (3) years after such Royalty statement has been rendered. 

(i) All payments made by the Licensee under this Agreement shall be made free and clear of, and without deduction or withholding for or on
account of, any present or future turnover, sales, value added stamp or other taxes, levies, imposts, duties, charges, fees, deductions or withholdings (individually or collectively, “Taxes”), now or hereafter imposed, levied, collected,
withheld or assessed by any tax or other governmental authority (a “Governmental Authority”), excluding all present and future taxes (however designated) imposed on the income of the Licensor or any of its direct or indirect members
(“Excluded Taxes”). In the event that any Taxes (other than any Excluded Taxes) are now or hereafter required to be imposed, levied, collected, withheld, paid and/or assessed under applicable law from, or in respect of, any amount
otherwise payable to the Licensor hereunder (including any turnover, sales, value-added or similar type of Taxes imposed by any Governmental Authority and for which the Licensor and/or any of its direct or indirect members or beneficial owners are
liable)(individually or collectively, the “Non-Excluded Taxes”), then the amount so payable by the Licensee to the Licensor shall be increased and grossed-up to the extent necessary to yield to the Licensor and its direct and indirect
members and beneficial owners (after payment, and/or the taking into account, of all such Non-Excluded Taxes) the amount specified in the Agreement as being payable to the Licensor. Whenever any Non-Excluded Taxes are payable by the Licensee, as
promptly as possible thereafter the Licensee shall send to the Licensor a certified copy of an original official receipt received or other documentary evidence by such Licensee showing payment thereof. If the Licensee fails to pay any Non-Excluded
Taxes when due to the appropriate Government Authority or fails to remit to the Licensor the required receipts or other 

  
 10 

 
required documentary evidence, the Licensee shall indemnify the Licensor and all of its direct and indirect members and other beneficial owners for any incremental Taxes and any interest or
penalties that may become payable by the Licensor or any of its direct or indirect members or beneficial owners as a result of any such failure. The agreements in this subsection shall survive the termination of this Agreement and the payment of all
amounts payable hereunder. 
 (j) Licensee shall receive a total credit of $400,000, beginning January 1, 2012, which shall be applied
to each remaining Annual Period of the Initial Term as outlined below. These amounts will first be applied against GMAP or Advertising Payment, and the balance, if any, to be applied against GMR as follows: 

 

									
	January 1, 2012	 	–	 	December 31, 2012	  	$	 150,000	  
	January 1, 2013	 	–	 	December 31, 2013	  	$	100,000	  
	January 1, 2014	 	–	 	December 31, 2014	  	$	100,000	  
	January 1, 2015	 	–	 	December 31, 2015	  	$	50,000	  

 (k) Provided that during the Term of this Agreement Licensee does not (i) breach its monetary obligations
hereunder and allow such breach to continue uncured for more than five (5) days after notice from Licensor, or (ii) materially breach its non-monetary obligations and allow such breach to continue uncured for more than ten (10) days
after notice from Licensor, Licensee shall receive a $2,600,000 royalty abatement (the “Royalty Abatement”), beginning January 1, 2013, which shall be applied first against GMAP or Advertising Payment owed under 2013,
and the balance, to be applied against GMR payable in 2013. For the avoidance of doubt, if Licensee (i) breaches its monetary obligations hereunder and allow such breach to continue uncured for more than five (5) days after notice from
Licensor, or (ii) materially breaches its non-monetary obligations and allow such breach to continue uncured for more than ten (10) days after notice from Licensor, the Royalty Abatement shall automatically terminate and $2,600,000 amount
or applicable part thereof shall be immediately due and owing from Licensee to Licensor if such breach takes place after Licensee has received such Royalty Abatement or applicable part thereof. In the event such breach takes place prior to
Licensee’s receipt of the Royalty Abatement, GMAP or Advertising Payments and GMR shall be paid in accordance with the provisions of this Agreement. 

5. Licensee’s Books and Records. 

(a) Licensee shall maintain separate and appropriate books of account and records, of all its operations under or in connection with this
Agreement all in accordance with generally accepted accounting principles (including, without limitation, a sales journal, sales return journal, cash receipt book, general ledger, purchase orders, cutting tickets, and inventory records) and shall
make accurate entries concerning all transactions relevant to this Agreement. 
 (b) The Licensed Products shall be assigned style numbers
unique from any products other than the Licensed Products which Licensee may manufacture and/or sell. The style number assigned to each Licensed Product shall be identical to the style number utilized to identify the Licensed Products in all of
Licensee’s books and records. 

  
 11 

 (c) All sales of the Licensed Products shall be made on numbered invoices and shall: 

(i) contain a statement that it shall only be paid to an account credited by Licensee or its assignee; and 

(ii) be recorded monthly on a computer printout analysis containing sales related only to the Licensed Products so as to easily trace the
source of the reported sales. 
 (d) During the Term and for three (3) years thereafter, Licensor, and its employees, agents and
representatives, shall have the right, at its own expense, on reasonable notice to Licensee (but in no event more than one examination or audit in any twelve-month period or more than one examination or audit for any specific period and but in no
event need such notice be more than ten (10) business days) and during regular business hours, to examine, photocopy, and make extracts from such books of account and other records, documents and materials (including, but not limited to,
invoices, purchase orders, sales records, and reorders) to the extent needed to confirm sales, Royalties, Advertising Payments and other matters relating to compliance with this Agreement, which shall be maintained and kept by Licensee during the
period specified herein. 
 (e) All such books of account and records shall be kept available by Licensee at the address referred to herein
for three (3) years after the termination, expiration, or mutual release from this Agreement. 
 (f) If any examination or audit by
Licensor for any period discloses that the actual Net Sales for that period exceeded those reported by more than five percent (5%), Licensee shall pay the cost of such examination or audit in addition to the amount of Royalties and Advertising
Payments that such examination or audit discloses is owed to Licensor together with interest on the unreported amount at a rate equivalent to the Prime Rate plus four (4%) percent. All payments due pursuant to this Section must be made within
fifteen (15) days after Licensee receives notice thereof. Licensor shall not have the right to examine or audit Licensee’s books and records more than once in any twelve-month period during the term hereof, except that if at least two of
any such examinations or audits disclose that actual Net Sales for the period reported exceeded the Net Sales reported by more than five (5%) percent, Licensor will thereafter have an unlimited right to examine or audit Licensee’s books
and records in accordance herewith. 
 (g) As soon as practicable, but in no event later than one hundred twenty (120) days after the
end of each fiscal or calendar year (as applicable) of Licensee, Licensee shall furnish Licensor with a copy of Licensee’s financial statements for such fiscal or calendar year (as applicable), which shall be prepared in accordance with
generally accepted accounting principles and certified by an independent certified public accountant or, if Licensee does not issue audited financial statements, by Licensee’s chief financial officer or chief executive officer. 

  
 12 

 6. Exploitation of License. 

(a) (i) During the Term hereof, Licensee agrees to use its commercially reasonable efforts and diligence to continuously sell,
distribute, advertise and promote the Licensed Products throughout the entire Territory. Licensee agrees that its policy of sale and distribution of the Licensed Products will be of a high standard and to the best advantage of the Licensed Products.

 (ii) Furthermore, and without limiting the generality of the foregoing, Licensee agrees to sell commercially reasonable quantities of a
full, representative line of each category of Licensed Products throughout the Territory during each 12 month period during the Term of this Agreement. In addition to all other rights and remedies available to Licensor under this Agreement and/or
applicable law, in the event of a failure by Licensee to so fully exploit each such category of Licensed Products, any category of Licensed Products which are not so exploited shall, at Licensor’s option and upon written notice to Licensee by
Licensor, automatically revert back to Licensor, such category shall no longer be deemed Licensed Products, and Licensor shall be free to, on its own or through third parties, manufacture sell and distribute such categories of Licensed Products
without any obligation to Licensee. 
 (b) Licensee shall at all times maintain, or contract for, facilities and personnel adequate to
fulfill its obligations under this Agreement. 
 (c) During each Annual Period, Licensee shall ship not less than eighty-five
(85%) percent of Licensed Products for which Licensee has accepted and confirmed purchase orders. 
 (d) Licensee shall have the
exclusive right to establish prices and terms for the sale of Licensed Products. Licensee shall provide Licensor, in advance of each selling season, with line sheets and price lists, and Licensee shall promptly notify Licensor of any change in
pricing. Licensee agrees to sell to Licensor such quantities of Licensed Products, from time to time, as requested by Licensor for promotional purposes and for sale in stores and websites operated by Licensor or its Affiliates, licensees and/or
subcontractors for prices equal to the lesser of thirty percent (30%) percent below Licensee’s normal wholesale selling prices at the time of any such sale, or the lowest price charged by Licensee to any of its customers. Such sales shall
constitute Net Sales for purposes of computing Minimum Net Sales, shall not be considered Close-Out Sales for purposes of Section 6(i) below and shall not be subject to any Royalty and no Earned Advertising Payment shall be due thereon. 

(e) Licensee shall provide Licensor, upon request, with the names and addresses of all facilities at which the Licensed Products are stored,
and Licensee shall use its commercially reasonable efforts to make all necessary arrangements to allow Licensor or its representatives to have reasonable access to all such facilities upon reasonable advance notice during regular business hours for
the purposes of conducting inspections to insure that Licensee is in compliance with this Agreement. 
 (f) Except for Licensee’s
existing licenses on or prior to the date of this Agreement (and any renewals or extensions thereof), Licensee may not enter into or obtain any license for any designer, product or brand that is directly competitive with the Licensed Products

  
 13 

 
in terms of target consumer, channel of distribution, territory and pricing, without the prior written consent of Licensor, which consent shall not be unreasonably withheld, provided that for
purposes of any such competitive designer, product or brand, Licensee does not duplicate designs or marketing strategy being used by it for the Licensed Products. A list of all of Licensee’s existing licenses shall be provided to Licensor prior
to the execution of the Agreement and incorporated therein as Schedule F which are approved as of the execution date of this Agreement. 

(g) Licensee shall include in all of its written orders to manufacturers, distributors and retailers for the sale of Licensed Products such
language as is reasonably necessary to seek to prevent diversion of the Licensed Products from the Licensed Channels of Distribution. 
 (h)
Licensee shall include in all of its written orders for the purchase of materials and/or finished goods from third parties such language as is necessary for the purpose of prohibiting the sale or other disposition of any products bearing the
Trademarks by such suppliers other than to Licensee. 
 (i) All sales by Licensee of any Licensed Products sold for a price with respect to
any style of Licensed Product, that is less than eighty percent (80%) of the established wholesale price (“Close-Out Price”), sales by Licensee to the Licensor, cancellations and sales of physically defective Licensed Products shall
be deemed a “Close-Out Sale”. Sales by Licensee to the Licensor, cancellations and sales of physically defective Licensed Products shall not count as Close-Out Sales hereunder even if sold at less than eighty percent (80%) of the
established price. Close-Out Sales may only be distributed or sold to the Off Price Channels of Distribution. Licensee may sell special make up orders (“SMUs”), provided that Licensee provides Licensor with the names of customers for which
it will be manufacturing SMUs and that all such Licensed Products intended to be sold as SMU’s shall go through all approval processes as provided for in this Agreement. Licensor is hereby notified that SMUs will be sold to Burlington, Marmaxx
and Ross/DD’s. SMUs shall not be considered Close-Out Sales and shall not be sold at Close-Out Price and are subject to the Royalty Rate. In addition, Licensee shall not sell any Licensed Products without the prior written consent of Licensor,
which consent may be withheld in Licensor’s sole discretion.for a price less than fifty percent (50%) of the established price, unless market conditions dictate a larger discount,. Without limiting the foregoing, in recognition of
Licensor’s interest in maintaining a stable and viable market for products utilizing the Property or Trademarks, Licensee agrees to refrain from ‘dumping’ any articles of Licensed Products in the market during the Term and any
sell-off period. “Dumping” shall mean the distribution of the Licensed Products at volume levels significantly above Licensee’s prior sales practices with respect the Licensed Products, and at price levels so far below prior sales
practices with respect to the Licensed Products as to disparage the Licensed Products. 
 (j) Licensee agrees to participate by, among other
things, providing an adequate number of samples for display, in all major trade shows, including but not limited to the MAGIC Show (twice per year) utilizing booths selected by Licensor. Licensee shall reimburse Licensor for a portion of
Licensor’s costs incurred in connection with any such trade show, in an amount reasonably established by Licensor so as to equitably allocate such costs among all licensees of Licensor participating in such trade show. 

  
 14 

 (k) Licensee shall attend meetings called by Licensor from time-to-time to discuss any matters
relating to this Agreement. All such meetings will be held at Licensor’s offices and may be called by Licensor upon at least thirty (30) days prior written notice to Licensee, but not more frequently than one time in each calendar quarter.

 (l) Licensee shall cooperate with Licensor and other licensees of Licensor (domestic and international) in connection with the exchange
of ideas, design and other information relative to the manufacture, sale and distribution of Licensed Products (including, but not limited to, furnishing a reasonable quantity of items in current production and related incidental materials to be
distributed among such other licensees), but nothing shall require Licensee to divulge any of its trade secrets or other confidential information. 

(m) All advertising and promotion is subject to the prior approval of Licensor as provided in Section 7(a) herein. 

(n) Licensee shall at all times maintain adequate space at its showroom for the attractive display of the Licensed Products, all in accordance
with the “Phat Farm” and “Baby Phat” fixture program, which shall be separate and distinct from the space allocated to any other products marketed by Licensee. Licensee shall at all times employ at least one full-time brand
manager and one full-time designer, both approved by Licensor, for the sale, marketing, and designing of the Licensed Products. 
 7.
Quality Control. Licensee shall cause the Licensed Products to meet and conform to high standards of style, quality and appearance. In order to assure Licensor that it is meeting such standards and other provisions of this Agreement, Licensee
shall comply with the following: 
 (a) Pre-Productions: Before commercial production and distribution of any product bearing any
reference to the Property or Trademarks, Licensee shall submit to Licensor all preliminary and proposed final artwork, prototypes, mock-ups and pre-production samples of each Licensed Product, including all styles, colors and variations, together
with its labels, tags, cartons and containers and including Packaging and wrapping materials and all advertising and promotional materials. All Licensee’s submissions under this Section 7 shall be accompanied by forms supplied by Licensor.
Licensor must approve in writing all submissions, in its sole discretion, before Licensee shall be entitled to distribute, advertise, use, produce commercial quantities of or sell any item relating to any such submission. Licensor shall approve or
disapprove any submitted item within twenty (20) days after receipt by Licensor. If Licensor has not notified Licensee of its approval or disapproval within such twenty (20) day period, the item shall be deemed disapproved by Licensor.
Approval of an item or Licensed Product which uses particular artwork does not imply approval of such artwork with a different item or Licensed Product or of such item or Licensed Product with different artwork. Licensee acknowledges that
Licensor’s approval of an item or Licensed Product does not imply approval of, or license to use, any non-Licensor controlled elements contained in any item or Licensed Product. After a sample of an item has been approved, Licensee shall not
make any changes without resubmitting the modified item for Licensor’s written approval. All decisions by Licensor relating to disapproval of any Licensed Product shall be made in its sole discretion, and shall be final and binding on Licensee
and shall not be subject to review in any proceeding. 

  
 15 

 (b) Production Samples: Before selling or distributing any Licensed Product, Licensee
shall furnish Licensor with, at no charge, for its permanent use, two (2) complete samples of each such product from the first production run of each Manufacturer of the Licensed Products, including all styles and colors, together with its
labels, tags, cartons and containers (including Packaging and wrapping materials) . If such samples do not conform to all aspects of the Licensed Product as approved or if the quality of any such sample does not meet the requirements of this
Section 7, Licensor shall notify Licensee and such item shall be deemed disapproved and all such items shall be promptly destroyed. Licensee shall also furnish Licensor, upon request and free of charge, with such reasonable number of additional
samples of each Licensed Product per Annual Period (in the minimum amount of ten (10) additional samples of each Licensed Product) for Licensor’s promotional and other purposes, or for comparison with earlier samples. 

(c) Rejections and Non-Compliance: All submissions or samples not approved by Licensor shall promptly be destroyed by Licensee.
Licensee shall advise Licensor regarding the time and place of such destruction (in sufficient time to arrange for a Licensor representative to witness such destruction, if Licensor so desires) and such destruction shall be attested to in a
certificate signed by one of Licensee’s executive officers and submitted to Licensor within fifteen (15) days of the date on which the sample was not approved. 

(d) Testing: Both before and after Licensed Products are put on the market, Licensee shall follow reasonable and proper procedures for
testing the Licensed Products for compliance with laws, regulations, standards and procedures, and shall permit Licensor (upon reasonable notice) to inspect its and its authorized Manufacturer’s testing, manufacturing and quality control
records, procedures and facilities and to test or sample Licensed Products for compliance with this subsection and the other terms and conditions of this Agreement. Licensed Products found by Licensor at any time not to comply with applicable laws,
regulations, standards and procedures shall be deemed disapproved, even if previously approved by Licensor, and shall not be shipped unless and until Licensee can demonstrate to Licensor’s satisfaction that such Licensed Products have been
brought into full compliance. 
 (e) Revocation of Approval: In the event that (i) Licensee uses the Property or Trademarks
improperly or violates any term of this Section 7, or (ii) Licensor becomes aware of (x) any material or content in any Licensed Product, Packaging, advertising or marketing material relating to the Licensed Products which is
pornographic or promotes or depicts gambling, excessive violence or the use of controlled substances that had not been previously disclosed to Licensor, or (y) any material or content in any Licensed Product that was not presented to Licensor
for its approval, or (z) a ruling, decision, finding or other occurrence or factor connected with any Licensed Product (e.g., an adverse ruling by the U.S. Consumer Products Safety Commission), which, in the reasonable opinion of Licensor,
reflects unfavorably upon the professional, business or reputation of Licensor, then, in any such event, Licensor shall have the right, in its sole discretion, to withdraw its approval of such Licensed Product. In the event of such withdrawal,
Licensor shall provide written notice to Licensee and Licensee shall 

  
 16 

 
promptly thereupon cease the use of the Property in connection with the manufacture, sale, distribution, advertisement or use of such Licensed Product and all Licensee’s inventory of such
Licensed Product shall be promptly destroyed. 
 (f) All the Licensed Products shall be manufactured, sold, marketed and advertised in
compliance with all applicable laws, rules and regulations (collectively, “Laws”). Licensee shall pretest all proposed and approved Licensed Products and shall cause truthful labeling regarding the care, maintenance, and use to be affixed
to the Licensed Products as required by the Laws. Licensee shall immediately inform Licensor in writing of any complaint by any consumer, governmental or other regulatory or self regulatory body relevant to the Licensed Products, and the status and
resolution thereof. Licensee shall act expeditiously to resolve any such complaint. Without limiting the provisions of this Section 7(f), Licensee covenants on behalf of itself and on behalf of all of Licensee’s Manufacturers, as follows:

 (i) Licensee and Manufacturers shall not use child labor in the manufacturing, packaging or distribution of Licensed
Products or Packaging or advertising or promotional materials hereunder. The term “child” refers to a person younger than the age for completing compulsory education, but in no case shall any person younger than fourteen (14) years of
age be employed in the manufacturing, packaging or distribution of Licensed Products or Packaging or advertising or promotional materials hereunder. 

(ii) Licensee and Manufacturers shall provide employees with a safe and healthy workplace in compliance with all applicable
Laws. Licensee and the Manufacturers agree to provide Licensor with all information Licensor may reasonably request about manufacturing, packaging and distribution facilities for the Licensed Products. 

(iii) Licensee and Manufacturers shall only employ persons whose presence is voluntary. Licensee and the Manufacturers shall
not use prison labor, or use corporal punishment or other forms of mental or physical coercion as a form of discipline of employees. 

(iv) Licensee and Manufacturers shall comply with all applicable wage and hour Laws, including minimum wage, overtime, and
maximum hours. Licensee and the Manufacturers agree to utilize fair employment practices as defined by applicable Laws. 

(v) Licensee and Manufacturers shall comply with all applicable environmental and other Laws. 

(vi) Licensee and Manufacturers shall always treat their workers and conduct business in accordance with the highest of ethical
standards. 
 (vii) Licensee and Manufacturers shall not permit in the workplace any type of discrimination based upon
personal beliefs or characteristics. 

  
 17 

 (viii) Licensee and Manufacturers shall recognize the right of employees to
exercise their lawful rights of free association. 
 (g) (i) Licensee agrees that Licensor may make on-site inspections of
manufacturing, packaging and distribution facilities, upon twenty-four (24) hours prior notice to Licensee, in order to monitor compliance with applicable Laws. Licensee shall obtain an agreement with each third party Manufacturer and supplier
to comply with the provisions of Section 7(f). All Manufacturers are subject to the prior written approval of Licensor, which consent shall not be unreasonably withheld or delayed; provided, however, that Licensor shall have 10 business days
after its receipt of a written request from the Licensee to disapprove a Manufacturer or such longer period as is reasonable under the circumstances. In order to maintain Licensor’s high standard of quality control and to insure that
appropriate measures are taken against counterfeiting, the Licensee shall provide Licensor with the following information: (i) name and address of each proposed manufacturer; (ii) type of Licensed Products to be manufactured;
(iii) quantity of Licensed Products to be manufactured; and (iv) any other relevant information. The Licensee shall obtain the signature of an authorized representative from each approved third-party Manufacturer used by the Licensee on
the Manufacturer’s Agreement in the form of Schedule E. The Licensee shall not knowingly enter into a Manufacturer’s Agreement with any third party that has materially breached a similar agreement with Licensor or its Affiliates or any
licensee of Licensor or its Affiliates. In the event of an inadvertent violation of the foregoing sentence, the Licensee shall, upon the earlier of learning of such violation and receipt of written notice thereof from Licensor or its Affiliates,
promptly terminate such relationship. The Licensee acknowledges that it shall remain primarily liable and completely obligated under all of the provisions of this Agreement in respect of such contracting or assembly arrangements. 

(ii) Standards of Conduct. 

(A) Standards. Licensee acknowledges that it has received copies of, read and understands the Code of Conduct of Kellwood Company
(Licensor’s parent company) and the compliance standards under this Code of Conduct (the “Standards”). Licensee represents and warrants that Licensee and its key officers and managers have read and understand the Kellwood Code of
Conduct, and agrees that Licensee will, and will cause its permitted Manufacturers to abide by the principles set forth therein (as amended from time to time and made available to Licensee in writing, provided that any such amendment shall not have
a material adverse effect on Licensee, it being understood that any amendment consistent with the terms and conditions of this Agreement shall be deemed not to have a material adverse effect on Licensee) in conducting all aspects of its operations
under this Agreement. Licensee shall conduct its business in compliance with the moral, ethical and legal standards set forth in Kellwood Code of Conduct, and shall cause all Manufacturers, contractors and suppliers which manufacture Licensed
Products or from whom the Licensee obtains Licensed Products or materials for the manufacture of Licensed Products to abide by the Kellwood Code of Conduct. The Kellwood Code of Conduct is attached hereto as Schedule J. 

(B) Audit Requirement. Prior to producing Licensed Products in a facility 

  
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(whether directly produced or produced by or through a contractor, subcontractor or supplier) the Licensee shall have the facility audited for compliance with the Standards, unless Licensor
notifies the Licensee in writing that it already has a current audit with respect to such facility that evidences compliance with the Standards. Each audit shall be conducted by a suitable third party inspection service designated by the Licensee
and approved by Licensor and shall be conducted using the evaluation form attached hereto as Schedule K or a substantively similar form approved by Licensor. If a facility is currently approved for production, Licensee shall have no
obligation to conduct a re-audit of the facility, unless Licensee has reason to believe that the facility is no longer in compliance with the Standards. 

(C) Approval. The Licensee shall review all audit reports for completeness and accuracy. If the Licensee is reasonably satisfied with the
completeness and accuracy of an audit report, it shall provide a copy or a reasonably detailed written summary thereof to Licensor. Licensor shall have 10 business days from its receipt of an audit report or written summary thereof to notify the
Licensee of its disapproval of any facility that the Licensee represents to Licensor as satisfying the Standards. If Licensor does not give notice to the Licensee within such 10 business day period, the facility shall be deemed approved by Licensor.
Licensor shall set forth in its notice of disapproval its reason(s) for disapproval in reasonable detail. 
 (D) Use of Facility. Unless and
until the Licensee delivers to Licensor an audit report for a facility or written summary thereof that evidences compliance with the Standards and Licensor approves thereof, the facility shall not be used for the production of Licensed Products. If
the Licensee uses a facility that has not been approved in accordance herewith, fails timely to submit to Licensor the audit report or a written summary when a re-audit of a facility is required in accordance with the terms hereof or if the Licensee
or any of its Manufacturers, contractors or suppliers with respect to Licensed Products shall, in Licensor’s sole determination, fail to abide by the Standards, Licensor’s remedy with respect to such breach of this Section 7(g), to
the extent that Licensor is not otherwise damaged as a result of such breach, shall be to terminate the License and all of the other rights granted to the Licensee under this Agreement. Nothing in this provision shall be deemed to confer third-party
beneficiary rights upon any person, corporation, partnership or other entity. 
 (h) (i) In the event of Licensee’s unapproved or
unauthorized manufacture, distribution, use or sale of any Licensed Products or any Packaging or materials bearing any reference to the Property, including promotional and advertising materials, or the failure of Licensee to comply with any
provisions of this Section 7, Licensor shall have the right to: (A) immediately revoke Licensee’s rights with respect to any such Licensed Product licensed under this Agreement, and/or (B) at Licensee’s expense, confiscate
or order the destruction of such unapproved, unauthorized or non-complying products, Packaging or materials. Such right(s) shall be in addition to and without prejudice to any other rights Licensor may have under this Agreement or otherwise. 

(ii) Notwithstanding the foregoing, Licensee shall have an opportunity to cure an instance of non-compliance contained in subsections
(f) or (g) of this Section within fifteen (15) days of notice from Licensor if, in Licensor’s good faith judgment, such non-compliance (x) was done inadvertently, and (y) is correctable so that there will be no damages
caused to Licensor; provided, however, that Licensee shall not have the right to cure any subsequent instances of such similar type non-compliance. 

  
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 (i) Licensee covenants and agrees that: (i) All Licensed Products manufactured, sold and
distributed hereunder will be merchantable and fit for the purpose for which they are intended; (ii) the Licensed Products will conform at all times to all applicable federal, state and local laws, rules, regulations, ordinances and other
enactments provided in the Territory or otherwise applicable, and all applicable industry standards, including but not limited to, those relating to product safety; and (iii) all Licensed Products will conform in all respects to the samples
approved by Licensor and that Licensee will not distribute or sell any Licensed Products which are of a quality or standard inferior to or different from the approved quality. 

8. Trademarks and Trademark Protection. 

(a) Licensee, from covenants of Licensor, acknowledges that Licensor is the owner of all right, title and interest in and to the Property in
any form or embodiment and is also the owner of the goodwill attached or which shall become attached to the Property in connection with the Licensed Products. Sales by Licensee shall be deemed to have been made for purposes of trademark registration
for the benefit of Licensor, and all uses of the Property by Licensee shall inure to the benefit of Licensor. 
 (b) At Licensor’s
request and expense, Licensee shall execute any documents, including registered users agreements, reasonably required by Licensor to confirm its ownership of all rights in and to the Property in the Territory and the respective rights of Licensor
and Licensee under this Agreement. Licensee shall cooperate with Licensor at Licensor’s expense, in connection with the filing and prosecution by Licensor of applications in Licensor’s name relating to the use of the Property for Licensed
Products in the Territory. 
 (c) Licensee shall never challenge or encourage anyone to challenge Licensor’s ownership of or the
validity of the Property or any application for registration thereof or any trademark, copyright or other registration thereof or any rights of Licensor thereto. The foregoing does not, however, restrict Licensee from prosecuting any claim,
exercising any right or seeking any remedy it might have against Licensor, in the event that Licensor breaches or violates the covenants, representations and warranties made in this Agreement, concerning its ownership of the Property. 

(d) Licensee shall not, at any time or in any manner, knowingly or intentionally, engage in any activity or perform or permit any act which
may in any way adversely affect any rights of Licensor to the Property or any registrations or applications for registration thereof or which may directly or indirectly reduce the value of the Property or derogate or detract from the repute thereof.
To the extent that Licensee should have known that the consequences of the aforesaid action taken by or on behalf of Licensee, or caused by Licensee, was likely to materially adversely affect the interests of Licensor, such action shall be deemed to
be a breach of this subsection, whether or not the Licensee engaged in such action knowingly and/or intentionally. 

  
 20 

 (e) Licensee shall not use any other trade names, trademarks or other designations including,
without limitation, Licensee’s own corporate name or trade name in connection with the Property in any consumer advertising and publicity, labeling, packaging or printed matter utilized by Licensee in connection with the Licensed Products.
Licensee may, however, use its own corporate name or trade name in connection with the Property in transactions between and among the parties hereto, and with Manufacturers, merchants, wholesale customers and others relating to: the manufacture of
Licensed Products; the creation and development of designs, styles, advertising, promotional materials, packaging, printed matter and labeling of the Licensed Products; and the wholesale sale of the Licensed Products. Licensee shall not use the
Property in combination with any other names or marks to form a new mark and shall not use the Property as a trade name or in any other manner other than in connection with the manufacture, distribution, sale and promotion of Licensed Products under
this Agreement. Licensee will at all times make reference on the Licensed Products and on all packaging and promotional materials used in connection therewith that the Property is under license from the Licensor. 

(f) Licensee recognizes the great value of the goodwill associated with the Trademarks and acknowledges that such goodwill belongs exclusively
to Licensor, and that Licensee shall acquire no proprietary rights in the Trademarks or their goodwill by virtue of this Agreement. Licensee further recognizes that the Trademarks have acquired secondary meaning in the mind of the public.
Accordingly, Licensee agrees that the breach of its obligations under this Agreement (other than breaches relating to the payment of monetary sums) will cause Licensor irreparable damages which may not be compensable by monetary damages, and that in
the event of such breach, in addition to any other rights or remedies which Licensor may have, Licensor may seek and obtain injunctive relief, without the necessity of posting bond (unless otherwise required by law). 

(g) Licensee shall prominently display on all Licensed Products, all Packaging materials, and in all advertising and promotional materials
using the Trademarks, such trademark and/or copyright notices as are reasonable and customary. 
 (h) Licensee shall promptly notify
Licensor if any legal action is instituted against Licensee relating to Licensee’s use of the Trademark. Licensee shall also promptly notify Licensor of any counterfeiting or other infringement of the Trademarks, or any diversion of the
Licensed Products from the Licensed Channels of Distribution, of which Licensee becomes aware. Licensor shall have the right, but not the obligation, to institute legal action or take any other actions which it deems necessary to protect its
interest in the Trademarks, and Licensee shall fully cooperate with Licensor in any such action, provided that any out-of-pocket expenses of Licensee incurred in connection therewith are paid or reimbursed by Licensor. Any monetary recovery
resulting from any such action shall belong solely to Licensor. If Licensor declines to institute or continue any legal action, Licensee may, with the consent of Licensor, which will not be unreasonably withheld, institute or continue same in its
name, at its sole expense, in which event any monetary recovery resulting there from shall belong solely to Licensee. 
 (i) Ownership of
all intellectual property rights, whether recognized currently or 

  
 21 

 
in the future, including, without limitation, copyright, patent, trade secret and trademark rights, in the Licensed Products and in all designs, logos, artwork, packaging, copy, literary text,
advertising material and promotional material of any sort and other matter utilizing the Property, including all such material developed by Licensee (collectively, the “Work”), shall vest in Licensor, and title thereof shall be in the name
of Licensor, and Licensee hereby assigns all rights in and to all such Work to Licensor throughout the world in perpetuity. Licensor shall be free to modify, utilize, license and sublicense any or all such Work, without obligation to Licensee,
subject to the terms and conditions of this Agreement. Licensee shall execute any further documents reasonably necessary to effectively assign and transfer all right, title and interest in and to the Work to Licensor. To the extent Licensee fails to
execute any such further documents within ten days (10) after receipt of a written request to do so, Licensee hereby appoints Licensor as its attorney in fact and grants Licensor the power of attorney to execute the same in the name of
Licensee. All such items and all Licensed Products shall bear the copyright and trademark notices as are reasonable and customary and any other legal notices, which Licensor may from time to time prescribe. Any and all additions to, and new
renderings, modifications or embellishments of the Work shall, notwithstanding their invention, creation and use by Licensee and/or its representatives, affiliates and/or sub-licensees, if applicable, be and remain the property of Licensor, and
Licensor may use, and license others to use the same, subject only to the provisions of this Agreement. Licensee and/or its representatives, affiliates and/or sub-licensees, if applicable, shall enter into written agreements with all of its
employees and independent contractors (i) providing that all artwork and designs created by them in the course of Licensee’s performance under this Agreement shall be the property of Licensor either as works for hire under United States
copyright law or otherwise, and (ii) obligating them to assign all rights in such artwork and designs to Licensor. Upon the request of Licensor, Licensee shall submit to Licensor for Licensor’s approval copies of all such agreements prior
to use thereof. Licensee and/or its representatives, affiliates and/or sub-licensees, if applicable shall not permit any of its employees or independent contractors to obtain or reserve, by written or oral agreement or otherwise, any rights as
“authors” or “inventors” of any such artwork or designs (as such terms are used in present or future United States copyright and/or patent statutes or judicial decisions). Licensee shall furnish to Licensor at Licensor’s
request, full information concerning the invention and creation of such artwork and designs, together with the originals of assignments of all rights therein obtained from all such third parties to Licensor. Notwithstanding the preceding provisions
of this Section 8(i), to the extent an invention or functional design (i) relates solely to footwear, (ii) can be reproduced without the Property and (iii) is invented solely by Licensee without material input from Licensor
(hereinafter “Licensee Footwear Inventions”), then Licensor is hereby granted a non-exclusive, royalty free license to fully use and disclose any such Licensee Footwear Inventions during the term of this Agreement and extending for one
year after the termination or expiration of this Agreement. Licensee shall own the Licensee Footwear Inventions. Upon termination or expiration of this Agreement, Licensee and Licensor agree to enter good faith negotiations for Licensee to grant
Licensor a non-exclusive license to continue to use the Licensee Footwear Inventions, subject to reasonable royalties and commercially reasonable terms and conditions acceptable to both parties, and at terms at least as favorable to any other
licensee of the Licensee Footwear Inventions. Notwithstanding the forgoing, this provision shall not preclude, limit or prevent the use by Licensee and its affiliates of the Licensee Footwear Inventions. 

  
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 (j) Provided that Licensor reimburses Licensee for all costs of Licensed Products to be destroyed
and any other costs related to Licensee’s compliance with this Section, Licensor may withdraw any or all elements of the Property, or any component part thereof, from the terms of this Agreement if Licensor determines that the exploitation
thereof would or might violate or infringe the trademark rights of third parties, or subject Licensor to any liability or violate any law, court order, government regulation or other ruling of any governmental agency, or if, on account of the
expiration or sooner termination of an agreement between Licensor and a third party from whom Licensor has obtained certain underlying rights relating to the exploitation of the Property hereunder or otherwise, Licensor shall no longer have the
right to act in the capacity herein contemplated on behalf of any third party or parties, or if Licensor determines that it cannot adequately protect its rights in the Property under the copyright, trademark or other laws of the Territory. Such a
withdrawal shall not be deemed a breach of this Agreement. Within five (5) business days of such withdrawal, Licensee shall, at Licensor’s sole discretion, (a) destroy or (b) deliver to Licensor at Licensor’s expense, any
Licensed Products which are in Licensee’s inventory. Licensor shall indemnify Licensee for the direct production cost of such destroyed or returned Licensed Products; provided, however, that Licensee furnishes Licensor with (i) a detailed
inventory of such Licensed Products, (ii) source documentation supporting such direct production costs, and (iii) an affidavit of destruction, if applicable, in a form acceptable to Licensor, evidencing the same. 

9. Representations and Warranties. 

(a) Licensee warrants and represents that throughout the Term of this Agreement: 

(i) Licensee is a limited liability company duly organized, validly existing and in good standing under the laws of its
jurisdiction of formation and has the full right, power and authority to enter into this Agreement and to perform all of its obligations hereunder. 

(ii) Neither the execution, delivery nor performance of this Agreement by Licensee shall, with or without the giving of notice
or passage of time, or both, conflict with, or result in a default or loss of rights under, any material agreement or understanding to which Licensee or any of its affiliates is a party or by which it or any of its properties may be bound. 

(iii) The execution, delivery and performance of this Agreement by Licensee has been duly and properly authorized by all
necessary corporate actions; and this Agreement constitutes the valid and binding obligation of Licensee enforceable in accordance with its terms. 

(b) Licensor represents and warrants to Licensee as follows: 

(i) That it is a limited liability company duly organized, validly existing and in good standing under the laws of its
jurisdiction of formation and has full right, power and authority to enter into this Agreement and to grant the rights provided hereunder to Licensee in accordance with and as contemplated by this Agreement; 

  
 23 

 (ii) It is the sole and exclusive owner of all right, title and interest in and
to the Property throughout the Territory free and clear of any and all liens, claims, charges and other encumbrances of any nature which conflict with the license granted herein; 

(iii) The execution, delivery and performance of this Agreement by Licensor have been duly and properly authorized by all
necessary corporate actions; and 
 (iv) This Agreement constitutes the valid and binding obligation of Licensor enforceable
in accordance with its terms; 
 (v) Neither the execution, delivery, nor performance of this Agreement by Licensor shall,
with or without the giving of notice or passage of time, or both, conflict with, or result in a default or loss of rights under, any material agreement or understanding to which Licensor or any of its affiliates is a party or by which it or any of
its properties may be bound. 
 10. Indemnification. 

(a) Licensee shall indemnify and hold the Licensor, and its subsidiaries and affiliates, and their officers, directors, shareholders,
employees, representatives and agents, harmless against any and all settlements, claims, demands, causes of action, judgments, damages, losses, costs and expenses (including but not limited to attorney’s fees and litigation costs) of any kind
whatsoever actually or allegedly suffered by any person, persons, product, customers or property arising in any way out of, or incidental to, the Licensed Products or suffered or incurred by the Licensor in connection with any allegedly unauthorized
use of any patent, process, idea, method, or device in connection with the Licensed Products except as authorized by this Agreement, and also from any claims, suits, losses and damages arising out of alleged defects in the Licensed Products or
resulting from any failure of Licensee, or any person, firm, or entity acting under or through Licensee, to comply with the provisions of this Agreement or to comply with any applicable Laws including, without limitation of the foregoing, accidental
death of, or injury to, persons or damage to property, and claims of infringement of intellectual property rights, including copyrights, trademark, trade dress and/or patent claims. The Licensee shall obtain, at its own expense, product liability
insurance from a recognized insurance company qualified to do business in the State of New York, providing adequate protection with a limit of liability (in addition to costs of defense) of not less than Three Million ($3,000,000.00) Dollars per
occurrence, insuring, without limitation, against any claims, suits, losses or damages arising out of any alleged defects in the Licensed Products, including actions for breach of warranty, negligence and strict liability in tort. Said product
liability insurance shall be issued by a company reasonably satisfactory to the Licensor, and a certificate evidencing the paid policy naming the Licensor as an insured party will be submitted to the Licensor by the Licensee within

  
 24 

 
forty-five (45) days following the commencement of this Agreement. Said policy will provide that the insurer may not terminate it or materially modify it without thirty (30) day’s
prior written notice to the Licensor. Payment for any indemnification due hereunder will be made on demand. Excluded from this indemnity shall be all obligations of Licensor to indemnify Licensee pursuant to Section 10(b) below. 

(b) The Licensor shall indemnify, defend and hold the Licensee and its subsidiaries and affiliates, and their officers, directors,
shareholders, employees, representatives and agents, harmless against any and all claims, settlements, judgments, damages, losses, costs and expenses (including but not limited to reasonable attorney fees) incurred by the Licensee solely as a result
of any claim by any person, firm or entity that Licensee’s use of the Property strictly in accordance with this Agreement infringes upon any rights granted to such person, firm or entity by Licensor, to the extent such claim arises within the
Territory. Additionally, if by reason of any claims referred to in this subsection Licensee is precluded from selling any stock of Licensed Products or utilizing any materials in its possession or which come into its possession by reason of any
required recall, Licensor shall be obligated to purchase such Licensed Products and materials from Licensee at their out-of-pocket cost to Licensee, excluding overhead, but Licensor shall have no other responsibility or liability with respect to
such Licensed Product or materials. 
 (c) Any party claiming a right to indemnification under this Section 10 (“indemnitee”)
shall give prompt written notice to the other party (“indemnitor”) of any claim or legal proceeding which may give rise to such right to indemnification (a “Claim”). Without limiting the foregoing, Licensee agrees to give
Licensor written notice of any product liability Claim made against Licensee with respect to any Licensed Product within fifteen (15) days of Licensee’s receipt of the Claim. Without limiting the foregoing, Licensee agrees to give Licensor
written notice of any product liability Claim made or suit filed with respect to any Licensed Product, any investigations or directives regarding the Licensed Products issued by the Consumer Product Safety Commission (“CPSC”) or other
federal, state or local consumer safety agency, and any notices sent by Licensee to, or received by Licensor from, the CPSC or other consumer safety agency regarding the Licensed Products within ten (10) days of Licensee’s receipt or
promulgation of the Claim, suit, investigation, directive, or notice. Without limiting the foregoing, Licensee agrees not to communicate with the press regarding any product liability Claim, and not to confirm or deny any information relating to
such Claim without Licensor’s prior written consent. The indemnitor shall have the right to defend any Claim or action at its sole cost and expense with counsel of the indemnitor’s choice reasonably satisfactory to the indemnitee. The
indemnitee will at all times cooperate in all reasonable respects with the indemnitor and counsel in the conduct of the defense of any Claim or action giving rise to indemnification hereunder. 

(d) Notwithstanding any provisions of this Section 10 or any other provisions of this Agreement, Licensee will in no event have the
right, in any Claim or action or proceeding hereunder, to settle any claims or issues relating to any Trademarks or the rights to ownership or utilization thereof. 

(e) Except with respect to either party’s indemnification obligations set forth in 

  
 25 

 
this Agreement, neither party shall be liable to the other party for any indirect, incidental, consequential, punitive, exemplary, reliance or special damages, regardless of whether such party
was advised or otherwise knew of the possibility thereof and in no event shall either party be liable for lost profits. 
 11.
Termination of Agreement. Licensor shall have the right to terminate this Agreement without prejudice to any rights which it may have, whether pursuant to the provisions of this Agreement or at law, or in equity, or otherwise, upon the
occurrence of any one or more of the following events: 
 (a) Licensor may terminate this Agreement, effective upon giving Licensee written
notice of termination, if (i) Licensee knowingly sells Licensed Products outside of the Territory, (ii) Licensee is at any time in default under subsection (f) of Section 7, or is at any time knowingly in default under any other
subsection of Section 7, or knowingly distributes Licensed Products to non-licensed channels of distribution, (iii) any Transfer takes place or change in the record or beneficial ownership of Licensee or any of its parents or affiliates
changes in a manner so as to change the actual control and management of Licensee or an assignment or change of control prohibited by Section 15 shall take place, (iv) Licensee defaults on any obligations secured by a security interest in
or other lien or encumbrance on any Licensed Products and fails to cure such default prior to the time the secured party acts with respect to such Licensed Products, (v) Licensee fails to maintain in effect any insurance required by the
provisions of Section 10(a), or (vi) pursuant to subsection 6(a), unless such breach if with respect to subsection (iv) or (v) hereof is cured, if curable, within fifteen (15) business days after written notice thereof. 

(b) Licensor may also terminate this Agreement, effective immediately upon giving Licensee written notice of termination, if (i) Licensee
fails to make any payment due to Licensor under this Agreement when such payment is due and fails to cure such default for five (5) business days or more after written notice thereof from Licensor to Licensee, (ii) Licensee fails three
(3) or more times during any period of one year during the term of this Agreement to make any payment due to Licensor for a period of twenty (20) days or more after such payment is due, (iii) the Licensee breaches or fails to perform
any other terms or provisions of this Agreement not otherwise provided for above, and such breach or failure is not curable or, if curable, is not cured within twenty (20 days after written notice thereof from Licensor, or (iv) Licensee files a
voluntary petition or proceeding in bankruptcy or under any federal or state bankruptcy or insolvency or other law for the relief of debtors; consents to the appointment of a receiver, custodian or liquidator for a portion of its business or
property; has filed against it and not dismissed within forty-five (45) days an involuntary proceeding under any federal or state bankruptcy or insolvency or other law for the relief of debtors or for the appointment of a receiver, custodian or
liquidator; (v) Licensee makes an assignment for the benefit of its creditors; or (vi) Licensee ceases or admits in writing its intention to cease, the manufacture, sale or distribution of Licensed Products or the conduct of its business
in the ordinary course. 

  
 26 

 (c) A default of Licensee under this Agreement shall constitute a default by Licensee under any
other agreement between Licensor and Licensee. 
 12. Effect of Expiration or Termination. 

(a) Upon the expiration or termination of this Agreement for any reason whatsoever, all rights of Licensee under this Agreement shall
terminate and automatically revert to Licensor, except as otherwise provided herein. Upon expiration or termination, Licensee shall immediately discontinue all use of the Property and shall no longer have any right to use the Property or any
variation or simulation thereof in any manner or for any purpose whatsoever, except as provided in Section 12(d). Licensee shall transfer to Licensor by such documentation as Licensor may require all registrations, filings, trademarks,
copyrights and other rights with regard to the Property which Licensee may have possessed at any time. Subject to the provisions of Section 12(e) concerning the sale of Termination Inventory (as defined below), Licensee shall deliver to
Licensor, at Licensee’s expense, all sketches, samples, designs or other matters belonging to Licensor and relating to Licensed Products, and all Licensed Products, packaging materials and advertising and promotional materials bearing reference
to the Property in any form. 
 (b) Upon termination or expiration of this Agreement for any reason, including termination under
Section 11(b), no trustee in bankruptcy, assignee for the benefit of creditors, custodian, receiver, sheriff or court officer or other successors to Licensee or its assets or business shall have any right to continue this Agreement or to use or
exploit the Property in any manner whatsoever. 
 (c) Notwithstanding the provisions of Section 11(b), in the event that under the
United States Bankruptcy Code or any amendment or successor thereto (collectively the “Bankruptcy Code”), the trustee in bankruptcy of Licensee, as bankruptcy debtor, is permitted to and does assume this Agreement and thereafter proposes
to assign this Agreement by an assignment which fulfills the applicable requirements of the Bankruptcy Code, the trustee or Licensee shall notify Licensor of the proposed assignment in advance, in writing, setting forth the name and address of the
proposed assignee, the proposed consideration for the assignment and all other material terms and conditions of the proposed assignment. Such notice shall be considered an offer to Licensor to have this Agreement assigned to Licensor or its designee
for the consideration (or its reasonable equivalent in money) and under the other material terms in the notice. Licensor may exercise the option and accept the offer by giving the trustee or Licensee, as appropriate, written notice of exercise and
acceptance within twenty (20) days after Licensor receives the notice from the trustee or Licensee. If Licensor fails to give notice and exercise the option within such twenty (20) day period, the trustee or Licensee may complete the
proposed assignment, but only to the party and for the consideration and under the terms described in the notice. 
 (d) Within twenty
(20) days after the expiration or termination of this Agreement, Licensee shall prepare and deliver to Licensor a written statement of Licensed Products and inventory on hand bearing reference to the Property or Licensor’s name in any

  
 27 

 
form (the “Termination Inventory”), including a complete and accurate schedule as of the date of expiration or termination of all completed Licensed Products on hand that bear reference
to the Property or Licensor’s name in any form; all work in process that bears reference to the Property or Licensor’s name in any form relating to Licensed Products on hand, including uncut piece goods and products and materials in the
process of manufacture; all Packaging, advertising and promotional materials and other documents or items that bear reference to the Property or Licensor’s name in any form in Licensee’s possession or control or in the process of
manufacture for Licensee and the cost of each item included in such Termination Inventory. Provided that this Agreement has not been terminated by Licensor as a result of (i) Licensee’s failure to make payments as agreed, or
(ii) failure of the Licensed Products to comply with governmental requirements, or (iii) a violation of any other provision of this Agreement by Licensee, or (iv) any action or omission by Licensee which could result in jeopardy to
Licensor’s rights in the Property by the continued sale of Licensed Products, Licensee shall be free to sell the Termination Inventory to Licensor or to third parties for a period of one hundred eighty (180) days after expiration or
termination of this Agreement. Any items in the Termination Inventory bearing reference to the Property or Licensor’s name in any form that have not been sold and remain after the selling period provided for in this Section shall have all uses
of the Property removed by Licensee, including but not limited to, all tags and labels bearing any reference to the Property, from the Licensed Products and shall thereafter deliver to Licensor, dispose of or destroy the remainder of the packaging
materials in accordance with Licensor’s instructions. 
 (e) Immediately upon the expiration or termination of this Agreement for any
reason, Licensor shall have the free and unrestricted right to grant other parties one or more licenses to use the Property in connection with the manufacture, sale, distribution or advertising and promotion of Licensed Products in the Territory or
to enter into such other transactions as it desires for the use of the Property with Licensed Products or in any other manner, without any obligation of any kind to Licensee. The right of Licensee to sell items of Termination Inventory under
Section 12 (d) is non-exclusive only and shall not in any manner limit Licensor’s right to enter into other licenses or transactions. 

(f) Notwithstanding any termination of this Agreement, Licensor hereby reserves all rights and remedies which are granted or available to it
under this Agreement or applicable law, and termination shall not be deemed to be an exclusive remedy or to limit Licensor in any manner from enforcing any other rights or remedies. 

13. [Intentionally Left Blank] 

14. 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 ball 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 

  
 28 

 
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: 

Notices to Licensee: 

Tony LoConte 
 Anthony L & S,
LLC 
 1400 Broadway, 14th Floor 

New York, NY 10018 

tonylo@alsusa.com 
 Facsimile:
(212) 386-7660 
 With a mandatory copy to (which shall not constitute notice to the Licensee): 

William H. Cox, Esq. 
 Gordon,
Herlands, Randolph & Cox LLP 
 355 Lexington Avenue, 10th floor 

New York, NY 10017 

wcox@gordonherlands.com 

Facsimile: 212-983-0772 
 And

 Anthony Siniscalchi, CPA 
 A.
Uzzo & Company, C.P.A.’s, P.C. 
 287 Bowman Avenue 

Purchase, NY 10577 

asinicalchi@auzzo.com 
 Facsimile
(914) 694-9017 
 Notices to Licensor: 

Phat Fashions LLC 
 c/o Kellwood
Company 
 1441 Broadway 
 6th Floor 
 New York, New York 10018 

With a mandatory copy to (which shall not constitute notice to the Licensor): 

Kellwood Company 
 600 Kellwood
Parkway 
 Chesterfield, MO 63017 

Attention: Keith A. Grypp 

Keith.Grypp@kellwood.com 

Facsimile: (314) 576-3388 

  
 29 

 15. Assignment. 

This Agreement shall be binding upon and inure to the benefit of Licensor, its successors and assigns. This Agreement and the rights hereunder
are personal to Licensee and shall not be transferred, assigned, sub-contracted (except for manufacture of Licensed Products as expressly provided for herein) or sublicensed in any manner, pledged or otherwise encumbered by Licensee, whether
voluntarily, involuntarily, by operation of law or otherwise (“Transfer”). Any Transfer shall be void and of no force and effect unless permitted in accordance with the express provisions hereof. Any Transfer of shares of capital stock or
other beneficial ownership interest in Licensee held by the present shareholders of Licensee or members of the immediate families of such shareholders (the “Present Control Group”), however accomplished and whether in one or more related
or unrelated transactions, shall constitute a Transfer by Licensee of its interest hereunder if the total ownership of the Present Control Group is at any time less than sixty-six and two-thirds (66-2/3%) percent. The term Transfer shall also
include any merger, consolidation, reorganization or other transaction or transactions, whether in one or more related or unrelated transactions, involving Licensee or an Affiliate, parent or owners of Licensee, whereby the voting stock interest or
beneficial ownership interest in Licensee held by the Present Control Group is reduced below sixty-six and two-thirds (66-2/3%) percent. If Licensee is a partnership, a Transfer shall be deemed to have occurred if the profit and loss participation
in Licensee by the Present Control Group is reduced below sixty-six and two-thirds (66-2/3%) percent or if the same shall occur with respect to any general partner of Licensee. The names and shareholdings of all present beneficial owners of the
outstanding shares of Licensee’s capital stock are set forth in Schedule H annexed hereto. 
 16. No Joint Venture. 

Nothing herein contained shall be construed to have the effect of placing the parties hereto in the relationship of partners or joint
venturers, or create any agency, or any other relationship other than that of Licensor and Licensee. No party shall have the power to obligate or bind any other party in any manner whatsoever except as expressly provided for herein. 

17. Modifications of Agreement; Previous Agreement. 

This Agreement can only be extended, waived or modified by a writing signed by both parties. There are no representations, promises,
warranties, covenants or undertakings other than those contained in this Agreement. This Agreement, including the Schedules attached hereto, contains the entire agreement between the parties concerning the subject matter hereof, and supersedes any
pre-existing agreement and any oral or written communications between the parties concerning the subject matter hereof, including but not limited to the Prior License Agreement. 

  
 30 

 18. Enforcement. 

Any provisions of this Agreement which are unenforceable in any jurisdiction in which this Agreement is sought to be enforced, or are invalid
or contrary to the law of such jurisdiction, or the inclusion of which would affect the validity, legality or enforcement of this Agreement, shall be of no effect, and in such case all remaining terms and provisions of this Agreement shall subsist
and be fully effective according to the tenor of this Agreement as though no such invalid portion had ever been included herein. It is the intent of the parties to create a valid license to the Property, and all provisions of this Agreement should
be read to give this intent legal force and effect. In any action or proceeding brought by Licensor to enforce any rights under, or pursuant to, this Agreement, Licensor shall be entitled to recover all reasonable costs and expenses incurred in
connection therewith, including all legal fees and disbursements. 
 19. Governing Law. 

This Agreement shall be governed by, and construed in accordance with, the law of the State of New York applicable to contracts made and to be
performed in the State of New York, without regard to conflicts of law principles. 
 20. JURISDICTION. 

EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY CONSENTS TO THE JURISDICTION OF THE SUPREME COURT OF THE STATE OF NEW YORK, NEW YORK COUNTY
AND THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK, COURTS LOCATED IN THE STATE OF NEW YORK IN ANY ACTION TO ENFORCE, INTERPRET OR CONSTRUE ANY PROVISION OF THIS AGREEMENT, AND ALSO HEREBY IRREVOCABLY WAIVES ANY DEFENSE OF
IMPROPER VENUE OR FORUM NON CONVENIENCE TO ANY SUCH ACTION BROUGHT IN THOSE COURTS. EACH PARTY FURTHER IRREVOCABLY AGREES THAT, ANY ACTION TO ENFORCE, INTERPRET OR CONSTRUE ANY PROVISION OF THIS AGREEMENT WILL BE BROUGHT ONLY IN ONE OF SUCH COURTS
AND NOT IN ANY OTHER COURT. 
 21. Equitable Relief. 

Licensor and Licensee acknowledge that their performance and obligations hereunder are unique, of extraordinary value, and that a material
breach by either such party of any material obligation hereunder will cause the other such party irreparable damage which cannot be compensated with money only. Therefore, each such party agrees that the other such party, as a matter of right, shall
be entitled to an injunction or other equitable relief, in addition to all other rights at law to prevent the material breach of any material terms or conditions hereof, and to enforce any rights of the party seeking equitable relief hereunder. 

22. Payments. 
 All
payments hereunder shall be made by wire transfer according to instructions provided by Licensor in U.S. currency and (ii) be deemed made on the date of receipt of such transfer by Licensee. 

  
 31 

 23. Waiver of Jury Trial. 

Licensor and Licensee waive any right to trial by jury in any action, proceedings or counterclaim concerning this Agreement and any rights
thereunder or any other agreement delivered in connection herewith, if any, and agree that any such action, proceedings or counterclaim shall be tried before a court and not before a jury. 

24. Force Majeure. 
 If
the performance of any provision of this Agreement by another party is prevented or delayed by reason of war, mobilization, revolution, civil commotion, riot, flood, hurricane, act of God, or the public enemy, the party affected, shall promptly
provide notice there under to the other party and shall be excused from such performance to the extent that it is prevented or delayed thereby during the continuance of any such happening of such event until sixty (60) days after the date that
the affected party is no longer prevented or delayed from performing the provisions of this Agreement by reason of the above events. 
 25.
Prevailing Party. 
 The parties hereto acknowledge that they are the only parties to this Agreement and that this Agreement is not
intended to impose, and shall not be construed to impose, any contractual or other legal obligation on any person or entity other than the parties hereto. The parties further agree that (i) if any party hereto asserts, or causes or encourages
any third party to assert, any claim arising under or relating to this Agreement against an Affiliate of another party to this Agreement and (ii) such Affiliate is the prevailing party with respect to such claim, then such Affiliate shall be
entitled to recover from such party all attorneys’ fees and all other costs, expenses and fees incurred by such Affiliate in connection with the claim. The parties hereto acknowledge, agree and intend that any such Affiliate is a third party
beneficiary of this provision (but not with respect to any other provision of this Agreement) and, as such, shall have the right to enforce this provision to the same extent as if it were a party to this Agreement. As used herein, the term
“Affiliate” means any and all of the following: (x) any direct or indirect shareholders, partners or other persons or entities with an ownership or controlling interest in a party to this Agreement, (y) any corporation,
partnership, group, person or entity controlled by or under common control with such party or (z) any individual serving as a director, officer, manager, agent or other representative of any person described in clauses (x) or (y) of
this sentence. 
 26. [Intentionally Left Blank] 

27. Change of Control 

This Agreement may be assigned by Licensor without Licensee’s consent in connection with a change of control of Licensor, to an affiliate
of Licensor, or to a lender for purposes of collateral security. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. 

  
 32 

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

 

			
	LICENSOR:
	
	Phat Fashions, LLC

 
			
		
	By:	 	  

	Name:
	Title:
		
	By:	 	  

	Name:
	Title:

 
			
	
	LICENSEE:
	
	Anthony L & S, LLC
		
	By:	 	  

	Name: Anthony LoConte
	Title:   President

  
 33 

 LIST OF SCHEDULES 
  

			
	 A
	 	Trademark(s), Copyright(s) and Registration(s)
		
	 B-1 and B-2
	 	Licensed Channels of Distribution
		
	 C
	 	Licensed Products
		
	 D
	 	Additional Territory (if any)
		
	 E
	 	Manufacturers Agreement
		
	 H
	 	Names and Shareholdings of Licensee’s Shareholders
		
	 I
	 	Form of Quarterly and Monthly Reports, Product Approval Form
		
	 J
	 	Kellwood Code of Conduct
		
	 K
	 	Evaluation Form

  
 34 

 SCHEDULE A 

United States Trademark(s) and Registration(s), if any 

1. PHAT® in cl. 25; Reg. No. 2,372,748; registered, August 1, 2000. 

2. PHAT® in cl. 26, Reg. No. 3,117,467; registered, July 18, 2006. 

3. BABY PHAT® in cl. 25; Reg. No. 3,004,138; registered, October 4, 2005. 

4. BABY PHAT GIRLZ® in cl. 25; Reg. No. 2,557,269; registered, April 2, 2002. 

5.

 ® in cl. 25; Reg. No. 3,000,181; registered, September 27, 2005. 
 6.

 ® in cl. 25; Reg. No. 3,000,182; registered, September 27, 2005. 
 7.

 ® in cl. 25; Reg. No. 3,037,296, registered, January 3, 2006. 

  
 35 

 SCHEDULE B 

Licensed Channels of Distribution 

Schedule B-1 
 DEPARTMENT STORES: 

MACY’S GROUP/ FEDERATED 
 DILLARD DEPT. STORES 

NORDSTROM’S 
 BELK 

BON TON STORES, CARSON PIRIE SCOTT, 
 SAKS, INC. 

STAGE STORES- BEALLS, PALAIS ROYAL, PEEBLES 
 Sears (PHAT FARM
only) 
 JC Penney (PHAT FARM only) 
 SPECIALTY STORES:

 E & J LAWRENCE 
 DR. JAY’S 

DR. JAY’S.COM 
 ESCO 

DTRL 
 VIM 

DR J 
 DR J.com 

KARMALOOP 
 FOOT LOCKER, all divisions 

SHOE SHOW 
 SHOE CARNIVAL 

DSW 
 OFF BROADWAY 

JOURNEYS 
 UNDERGROUND STATION 

SHEIK 
 EUROSTAR 

SHELMAR 
 MR ALAN SNEAKER 

VILLA 
 SPORTS ZONE 

CITY BLUE 
 DR DENIMS 

UNICA 
 HANG UP SHOPPES 

FINISH LINE/ MAN ALIVE 
 AGAINST ALL ODDS 

GLIK’S 
 ARS FASHION 

BABYLON KIDS INC 
 BIG AL’S 

CHIC CLASSICS 
 CLIFTON CHILDRESNWEAR 

EDISON CHILDRENSWEAR 
 COOKIE’S 

DETOUR 

  
 36 

 DR. STYLZ 
 DESIGNER
JEANS COLLECTION 
 KIDZ PLAZA 
 KIDS COLLECTION 

MAGAWAD CORP. 
 GIBBONS CO. 

G TOWN INC 
 GOLDEN TREASURES INC 

HIP HOP COLLECTION 
 HOLLYWOOD KIDS 

HIP ZEPI 
 JBG 

J& M CHILDREN’S CENTER 
 KIDS CITY 

KIDDEE KORNER 
 KIDS LIL FOOT 

K & M UNLIMITED 
 KNEEKNOCKERS 

KID’S WORLD OF THE BRONX 
 KIDS WORLD OF BAY PLAZA 

KIDS TOWN 
 KIDS PALACE 

KIDS PLACE OF NJ 
 LORD’S KIDS 

LOOKING GOOD OF ALABAMA 
 MOTOGRAB DBA RAFAELO’S 

M. SCHNEIDER 
 MASHIKO’S 

HABERDASHERS 
 PHATKAP’S 

PIBEN 
 PLAYMAKERS 

RAQUEL’S 
 REGINE’S 

SAME’S 
 SUPER KIDZ 

SILVER SOUND 
 SASSON’S YOUTHWORLD 

SUNSHINE STORES 
 156 DELANCEY STORES 

US KIDS 
 VILLAGE MART 

YES KIDS 
 YOUNGLAND KIDDEE 

ZODIAC KIDS 
 A & S STORES 

BELLA BOUTIQUE 
 CDN SPORTS 

FASHION CITY II 
 FOCUS 

HIGH FASHION 
 HANAIS FASHION 

JAMES MEN’S 7 KIDS 
 ON TIME FASHIONS 

SALM DUNK SPORTSWEAR 
 STYLZ 

TOP NEW YORK FASHIONS 
 HIS & HERS 

BROADWAY KIDS/ CITY CORP 
 FUNKY RAGS 

FOUR BROTHERS 
 N & G BROTHERS 

  
 37 

 FOOTMART USA 
 JEANS
TOWN 
 SPORTS CLASSICS 
 TWINS TOWN 

HILO BAY OUTFITTERS 
 YOUNGWORLD 

KIDS KORNER 
 BELVEDERE BLUES 

AAFES 
 NEXCOMM 

A.E.R.S INC 
 MATAI 

SPORTS DOME 
 IN NEW STYLE 

KD’S 
 IMAGES OF NEW YORK 

ZAKARE SPORTS AND FASHIONS 
 URBAN PALACE 

FOREVER YOUNG NY 
 W B FASHIONS 

GOLDEN FASHIONS 
 COLORINA KIDS INC 

KRAZY JEANS 
 HARTA 2 HART 

TSHUBA 
 MALE ATTRACTIONS 

ALLIANCE CLOTHING 
 SAMARA’S 

HOPT SPOT 
 MARTY’S 

COOKIE’S 
 CLOTHIN CHOICE 

KIDS CLOTHING INC 
 URBAN FLAVA 

KIDS WROLD OF FORDHAM 
 LE LOLLY POP 

SUN VET KIDS 
 KIDS GALLERY 

YOUNG FASHIONS 
 HI LEVEL FASHIONS 

FASHION AVE 
 KIDS LOVE 

RAHMA INC. 
 MISTY’S URBAN APPAREL 

MIRAGE EXPRESS 
 THE SPORTS CENTER 

URBAN WEAR AMERICA 
 LIL BALLERZ 

THE BABY CLOSET 
 DIME PIECE KIDS 

ON TIME FASHONS 
 KIDS STOP 

KIDS WORLD 
 CABLE CAR KIDS 

C STYLE URBAN FASHIONS 
 BRAGG & BOAST 

AJ’S BOUTIQUE 
 TOM KID 

ME & MY DAD 
 VELOCITY CLOTHING 

LITTLE NY ENTERPRISES 
 O CITY SOURCE 

  
 38 

 CITY LIMITS 
 COUNTY
KIDS 
 513 SPORTSWEAR 
 RIDORE’S 

CLOTHING 
 S & A FASHION 

INTERNET, DIRECT MAIL AND DIRECT MARKETING RETAILERS 
 ZAPPOS

 AMAZON 
 KARMALOOP 

DRJ.COM 
 SHOES.COM 

Schedule B-2 
 ROSS/ DD’S 

MARMAXX (TJ MAXX, MARSHALL’S, A.J. WRIGHT) 
 CITI-TRENDS 

BURLINGTON 
 GORDMAN’S 

CENTURY 21 
 FORMAN MILLS 

BEALLS OUTLET 
 L AND M FOOTWEAR 

Licensee may also sell Licensed Products to other better specialty and department stores by first obtaining Licensor’s prior written
approval in accordance with the approval and notice procedures set forth in paragraphs 7(a) and 14, respectively, of this Agreement. 

  
 39 

 SCHEDULE C 

Licensed Products 
 Female (Baby Phat):
Women’s and Girls’ athletic footwear. 

  
 40 

 SCHEDULE D 

Additional Territory, if Any 

Canada 
 Europe 

Middle East 

  
 41 

 SCHEDULE E 

Manufacturer’s Agreement 
 Address of
Manufacturer: 
 Territory of Manufacture: 

Licensor:        Phat Fashions LLC 

Licensee:        Anthony L & S 

Expiration Date of License 
   (unless Sooner
Terminated 
   or Extended): 
 Authorized Licensed
Products: 
 See attached schedule. 
 Marks
and Property 
 See attached schedule. 

In order to induce Licensor to consent to the manufacture of the above specified Authorized Licensed Products using any of the above specified
Marks and Property by the undersigned, the undersigned agrees that: 
 It will not manufacture the Authorized Licensed
Products to the order of anyone but the Licensee, will invoice only the Licensee, will not ship to anyone other than the Licensee and will not ship after the expiration date of the License. 

It will not subcontract production of the Authorized Licensed Products or components which contain any of the above specified
Marks and Property without Licensee’s written consent. 
 It will not (without Licensee’s written consent)
manufacture merchandise utilizing any of the above specified Marks and Property and/or trade names owned or otherwise authorized for use by Licensee other than the Authorized Licensed Products. 

It will not publish or cause the publication of pictures of the Authorized Licensed Products in any publication or promotional
material, nor advertise the fact that it is permitted to manufacture Licensed Products. 

  
 42 

 Upon expiration or termination of the Trademark License Agreement, by and between
the Licensor and Licensee, or upon notification by the Licensee or the Licensor, the undersigned Manufacturer will immediately cease manufacturing the Authorized Licensed Products and deliver to Licensee or its authorized representative that portion
of any and all molds, plates, engravings or other devices used to reproduce the copyrighted materials and/or trademarks or will provide Licensee with evidence that the Marks and Property have been erased. 

The Manufacturer further agrees as follows: 

(i) It shall not use child labor in the manufacturing, packaging or distribution of Licensed Products or Packaging or
advertising or promotional materials hereunder. The term “child” refers to a person younger than the age for completing compulsory education, but in no case shall any person younger than fourteen (14) years of age be employed in the
manufacturing, packaging or distribution of Licensed Products or Packaging or advertising or promotional materials hereunder. 

(ii) The Manufacturer shall provide employees with a safe and healthy workplace in compliance with all applicable laws. The
Manufacturer agrees to provide Licensor with all information Licensor may request about manufacturing, packaging and distribution facilities for the Licensed Products. 

(iii) The Manufacturer shall only employ persons whose presence is voluntary. The Manufacturer shall not use prison labor, or
use corporal punishment or other forms of mental or physical coercion as a form of discipline of employees. 
 (iv) The
Manufacturer shall comply with all applicable wage and hour laws, including minimum wage, overtime, and maximum hours. The Manufacturer agrees to utilize fair employment practices as defined by applicable laws. 

(v) The Manufacturer shall not discriminate in hiring and employment practices on grounds of race, religion, national origin,
political affiliation, sexual preference, gender or age. 
 (vi) The Manufacturer shall comply with all applicable
environmental laws. 
  

							
	            , 20    	 		 		 	
			
		 		 	 MANUFACTURER:

				
		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:

  
 43 

 SCHEDULE F 

Licensee’s Existing Licenses 

FUBU 
 LEVI’S
[Distributor agreement as an affiliate of Licensee] 
 CADILLAC 

U.S. POLO ASSOCIATION 

BOB MARLEY 
 ADIO 

  
 44 

 SCHEDULE G 

[INTENTIONALLY DELETED] 

  
 45 

 SCHEDULE H 

NAMES AND SHAREHOLDINGS OF LICENSEE’S SHAREHOLDERS 
  

			
	 Name:
	  	 % Ownership:

  
 46 

 SCHEDULE I 

Reporting Forms 

  
 47 

 

 
 MONTHLY SALES STATUS FORM 1001 
  

							
	
Licensee:
	  	 	  	 	  	Date Sent:
	 Licensed
Property:
	  	 	  	 	  	Date Received:
	 Submitted
by:
	  	 	  	 	  	Shipping Month:
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	RETAILER	  	WHOLESALE $	  	UNITS	  	COMMENTS
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 

  
 48 

 Exhibit 3.2(d) 
 

 
 FINANCIAL PAYMENT SCHEDULE 

QUARTERLY ROYALTY AND ADVERTISING REPORT BY MONTH 

FORM # 1101 
  

							
		 		  	Date	 	  

	 Licensee (Company Name)
                                
	 		  		 	
	 Licensed Property
                                
	 		  		 	
	 Licensed Category
                                
	 		  		 	
	 Completed by
                                         
   
	 		  		 	
	 Address
                                         
                                   
	 		  		 	
	
                         
                                         
                          
	 		  		 	

 Royalty Report -    *** On a separate document, Submit unit breakdown by style, by month, by
account, for back up 
  

																	
	Month /Year	  	Description	  	Units sold (dz )	  	Gross $ Sales	  	Discounts	  	Returns	  	Net Sales	  	Royalty % Rate	  	Royalty $ Earned
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 TOTAL
	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 

  

	
	 Total Royalty $ Earned
                                    

	 Less: Advance Paid
                                        

	 Less : Prev Royalty Payments
                        

	 Dollar Balance Due
                                        

 Advertising Report 
  

																	
	 Month / Year
	  	Description	  	Units sold (dz )	  	Gross $ Sales	  	Discounts	  	Returns	  	Net Sales	  	Advertising % Rate	  	Advertising $ Earned
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 TOTAL
	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 

  

	
	 Total Advertising $ Earned
                            

	 Less : Advance Paid
                            

	 Less : Prev Advertising Payments
                    

	 Dollar Balance Due
                                         
   

  

 Exhibit 3.2(d) 
 

 
 Pre Approval Form # 2001 

 
 Form 2001 and Color Spec
Sheet Must be Submitted in Duplicate 
  

											
	Licensee:	 	 	 	Submitted by:	 	 	 	Date:	 	 

  

																	
	Style No.	 	Description	  	Season	  	Delivery Date	 	Fabric	  	Approved	  	Rejected	 	Comments
	 	 	 	  	 	  	 	 	 	  	 	  	 	 	 	 	 
	 	 	 	  	 	  	 	 	 	  	 	  	 	 	 	 	 
	 	 	 	  	 	  	 	 	 	  	 	  	 	 	 	 	 
	 	 	 	  	 	  	 	 	 	  	 	  	 	 	 	 	 
	 	 	 	  	 	  	 	 	 	  	 	  	 	 	 	 	 
	 	 	 	  	 	  	 	 	 	  	 	  	 	 	 	 	 
	 	 	 	  	 	  	 	 	 	  	 	  	 	 	 	 	 
	 	 	 	  	 	  	 	 	 	  	 	  	 	 	 	 	 
	 	 	 	  	 	  	 	 	 	  	 	  	 	 	 	 	 
	 	 	 	  	 	  	 	 	 	  	 	  	 	 	 	 	 
			
	 Additional Comments:
	  	  
	 	
		 		  		  		 		  		  		 		 	

 Please complete the above, attach a picture or sketch of the item(s) and forward to: 

Kellwood 1441 Broadway, (6th Floor) New York, N. Y. 10018 Att: Brenda Palmer 

Note: This Form is for Pre-Approval Only 

Completed Samples must be Approved Prior to Market 

  

 Exhibit 3.2(d) 

Schedule J 
 Kellwood
Code of Conduct 
 General Coverage 
  

	 	1.	Legal Requirements 

  

	 	2.	Child Labor 

  

	 	3.	Forced Labor 

  

	 	4.	Wages and Benefits 

  

	 	5.	Working Hours 

  

	 	6.	Discrimination and Women’s Rights 

  

	 	7.	Disciplinary Practices 

  

	 	8.	Freedom of Association 

  

	 	9.	Health and Safety 

  

	 	10.	Environmental Safekeeping 

  

	 	11.	Monitoring Standards 

 Specific Expectations 

 

	 	1.	Legal Requirements 

 Kellwood expects its business partners at minimum to obey the labor
laws of their respective countries. In the absence of specific laws, Kellwood may set standards based on worldwide commonly accepted industry practices. 

Kellwood also expects that International law related to the conduct of business between Nations be followed at all times. United States
Customs’ rules of Country of Origin must be strictly obeyed at all times. Kellwood does not permit subcontracting unless contractor receives specific permission from Kellwood business unit. 

Evidence of Compliance 
  

	 	•	 	Factory can account for all production. 

  

	 	•	 	Production, purchase order and export records maintained in good order. 

  

	 	•	 	No issues of transshipment. 

 Evidence of Noncompliance 

 

	 	•	 	Tampering or altering proper category and/or country of origin. 

  

	 	•	 	Not maintaining production, purchase order and export records. 

	 	2.	Child Labor 

 Kellwood’s definition of illegal child labor is the more stringent of
the following: 
  

	 	a.	under the age of 14, or 

  

	 	b.	under the compulsory age to be in school, or 

  

	 	c.	under the legal minimum age for employment in the host country. 

  

	 	d.	Kellwood also expects factory to meet all host country requirements pertaining to documentation and job placement of restricted age workers. 

 

	 	e.	Kellwood also expects on-site facility contractors (Canteen service, cleaning service, trimming service, etc.) to comply with laws pertaining to child labor. 

Evidence of Compliance 
  

	 	•	 	All employees of legal employment age. 

  

	 	•	 	All employees have valid age documentation and photo identification. 

 Evidence of
Noncompliance 
  

	 	•	 	Workers under legal employment age. 

  

	 	•	 	Lack of valid age documentation. 

  

	 	•	 	Lack of photo identification. 

  

	 	•	 	Restricted age violation (job placement, work hours, documentation, etc.) 

  

	 	•	 	Underage children in factory except in approved separate child care facility. 

  

	 	3.	Forced Labor 

 Kellwood prohibits forced, prison, indentured or bonded labor. There
should be no restriction on free movement of employees to: 
  

	 	a.	work in another factory, if legally allowed, or 

  

	 	b.	return to home country, if imported worker, or 

  

	 	c.	leave premise of factory if necessary, or 

  

	 	d.	leave dormitory, if applicable, within reason. 

  

	 	e.	Kellwood also expects there will be no involuntary withholding of ID papers, no involuntary employee monetary deposits or other practices that would be unreasonably restrictive to workers. 

Evidence of Compliance 
  

	 	•	 	Employee relationship to factory completely voluntary. 

  

	 	•	 	No restriction to reasonable free movement of employees. 

  
 2 

 Evidence of Noncompliance 

 

	 	•	 	Use of forced, prison, indentured or bonded labor. 

  

	 	•	 	Involuntary withholding of ID papers. 

  

	 	•	 	Involuntary employee monetary deposits. 

  

	 	•	 	Inability to leave factory or dormitory if necessary. 

  

	 	•	 	Unreasonable restrictions to basic needs (bathroom, drinking water, infirmary, etc.) 

  

	 	4.	Wages and Benefits 

 Kellwood expects factory to comply with all applicable wage and
benefit laws of host country including: 
  

	 	a.	pay at least minimum wage for all hours worked to all employees, including pieceworkers. 

  

	 	b.	pay all hours above standard workweek at legally defined overtime premium. 

  

	 	c.	pay employees on schedule according to host country law. 

  

	 	d.	Kellwood also expects all legally required employee benefits be properly funded and paid into appropriate accounts. 

Evidence of Compliance 
  

	 	•	 	All workers meet or exceed applicable minimum wage for all hours worked. 

  

	 	•	 	All hours defined as overtime paid at required OT premium. 

  

	 	•	 	All legally required benefits provided. 

  

	 	•	 	Wages paid on schedule required by law. 

  

	 	•	 	Training wage provision, if allowed, is properly applied. 

  

	 	•	 	Employees confirm their wages. 

 Evidence of Noncompliance 

 

	 	•	 	Clear violation of minimum wage. 

  

	 	•	 	Clear violation of required OT premium. 

  

	 	•	 	Failure to provide legally required benefits. 

  

	 	•	 	Failure to pay on schedule required by law. 

  

	 	•	 	Failure to pay into appropriate benefits account. 

  

	 	•	 	Failure to maintain employee time and wage records. 

  

	 	•	 	Fraudulent time or wage records. 

  

	 	•	 	Improper application of training wage. 

  
 3 

	 	5.	Working Hours 

 Kellwood expects factory to operate according to host country laws
pertaining to work hours as follows: 
  

	 	a.	work hours (per day, per week, per month) and days off ( 7th day rest, mandated holidays, vacation periods, etc.) must meet legal requirements. 

 

	 	b.	if law allows work hour exemptions, factory must have official documentation approving exemption. 

  

	 	c.	Kellwood expects factory to have accurate and systematic time records to establish employee work hours and expects all work that is done by employees to be time recorded. 

Evidence of Compliance 
  

	 	•	 	Work hours and workdays do not exceed legal maximum. 

  

	 	•	 	Factory has valid work hour exemptions, if applicable. 

  

	 	•	 	Employee overtime is voluntary. 

  

	 	•	 	Any work done on 7th day or holidays is voluntary and compensated according to law. 

 

	 	•	 	Work hours are posted in factory. 

  

	 	•	 	Employees confirm their work hours. 

 Evidence of Noncompliance 

 

	 	•	 	Exceeding legal maximum on work hours. 

  

	 	•	 	Working illegal 7th day. 

  

	 	•	 	No valid time keeping system. 

  

	 	•	 	Mandatory overtime. 

  

	 	•	 	Falsified time records. 

  

	 	•	 	Working “off the clock”. 

  

	 	•	 	Denial of mandated rest/meal times. 

  

	 	•	 	Denial of mandated holidays and vacations. 

  

	 	6.	Discrimination and Women’s Rights 

 Kellwood expects that people will be employed
based on their ability to perform a needed function; not on the basis of personal beliefs and/or characteristics. Kellwood prohibits employment practices based on: 
  

	 	a.	race, religion, creed 

  

	 	b.	gender, age, ethnicity 

  

	 	c.	Kellwood views mandatory pregnancy testing as a violation of women’s rights and will not allow pregnancy testing as a pre-employment reason to not hire or a post-employment reason to terminate. 

Evidence of Compliance 
  

	 	•	 	Employment strictly based on ability to perform job. 

  
 4 

	 	•	 	Purpose of any medical exams clearly explained to employees. 

  

	 	•	 	Any medical tests clearly indicate nature of tests. 

  

	 	•	 	Clear documentation of workers returning from maternity leave with full benefits paid. 

 Evidence of
Noncompliance 
  

	 	•	 	Verified incidents of discrimination. 

  

	 	•	 	Pregnancy testing required as employment criteria. 

  

	 	•	 	Verified incidents of denial of employment based on pregnancy status. 

  

	 	•	 	Mandatory pregnancy testing for any reason other than required by law. 

  

	 	•	 	Forced use of contraceptives. 

  

	 	•	 	Physical searches by opposite gender security guards. 

  

	 	•	 	Workplace segregation of workers by race, gender or other characteristic. 

  

	 	•	 	Limited privileges of imported workers. 

  

	 	7.	Disciplinary Practices 

 Kellwood does not condone any type of harassment, abuse, and
corporal, mental or physical punishment of employees. Kellwood specifically prohibits: 
  

	 	a.	harassment of any form (verbal, physical, sexual, etc.). 

  

	 	b.	physical punishment of any form. 

  

	 	c.	Kellwood views regular harsh language towards workers as verbal abuse. 

  

	 	d.	Kellwood does not allow monetary deductions as a disciplinary practice. 

 Evidence of Compliance 

 

	 	•	 	No violations of above points. 

  

	 	•	 	A three step disciplinary process (verbal, written, termination). 

  

	 	•	 	Posting of work rules with clear knowledge that violation leads to disciplinary process. 

 Evidence of
Noncompliance 
  

	 	•	 	Verified incidents of harassment, physical, mental or verbal abuse. 

  

	 	•	 	Disciplinary actions without posted work rules. 

  

	 	8.	Freedom of Association 

 Kellwood supports the employees’ ability to exercise their
legal rights of free association. Kellwood believes employees have the right to: 
  

	 	a.	establish legal organizations. 

  

	 	b.	join or not join legal organizations of their own choosing. 

  

	 	c.	not be penalized for their non-violent exercise of such legal rights. 

  
 5 

 Evidence of Compliance 
  

	 	•	 	No reported violations 

  

	 	•	 	Posted Code of Conduct affirming FoA rights. 

  

	 	•	 	FoA covered with employees as part of orientation. 

  

	 	•	 	Clear documentation of reasons for terminations. 

 Evidence of Noncompliance 

 

	 	•	 	Verified incidents of illegal termination or other actions due to exercise of legal rights of FoA. 

  

	 	•	 	Threats toward exercising legal rights of FoA. 

  

	 	9.	Health and Safety 

 Kellwood expects factory to meet all host country laws pertaining to
health and safety in factories and dormitories (if applicable). In the absence of or in addition to specific host country standards, Kellwood expects factory to have: 
  

	 	a.	adequate first aid supplies 

  

	 	b.	exits clearly marked, unlocked and unblocked 

  

	 	c.	at least two exits per floor 

  

	 	d.	main exit doors allow clearance of building 

  

	 	e.	illustrated evacuation plan in native language of workers 

  

	 	f.	functional and accessible fire extinguishers or hoses on each floor, with valid inspection dates 

  

	 	g.	facility clean, free of obvious rodent infestation 

  

	 	h.	unrestricted access to potable water 

  

	 	i.	restrooms clean and functional 

  

	 	j.	adequate ventilation 

  

	 	k.	no obvious fire hazards (exposed wiring, overloaded electrical outlets, improper storage of combustible materials, etc.) 

Evidence of Compliance 
  

	 	•	 	The following presents the basic Kellwood Health and safety standards for factories, canteens and dormitories: 

A. FACTORY 
 First aid supplies.

  

	 	a.	At least one first aid kit per clearly separated work area, or 

  

	 	b.	One first aid kit for every 100 workers. 

  

	 	c.	Trained first aid responders. 

  

	 	d.	Minimum contents of first aid kit to include: 

									
					
	Adhesive bandages	 		  	Instant cold packs	  		  	Gauze bandages
	Disposable gloves	 		  	Adhesive tape First aid cream
	Alcohol	 		  	Antiseptic wipes

  

	 	e.	Other recommended first aid supplies include: 

									
					
	Eye wash	 		  	          Elastic bandages	  		  	Tweezers

  
 6 

 Exits clearly marked, unlocked and unblocked. 

 

	 	a.	Exit signs visible. 

  

	 	b.	Emergency lights at exits or generator power available for power failure. 

  

	 	c.	Stairwells have emergency lights 

  

	 	d.	Exit doors at least two people wide. 

  

	 	e.	At least two exits per floor. 

  

	 	f.	Exits open directly to outside or exterior stairwell. 

 Aisle space allows for effective
emergency evacuation. 
  

	 	a.	Main aisles at least two people wide. 

  

	 	b.	Main aisles clearly marked. 

  

	 	c.	Aisles clear of obstructions, kept clean of sewing scraps. 

  

	 	d.	Secondary aisles two people wide. 

  

	 	e.	Main emergency aisles illuminated. 

 Illustrated evacuation plan in clear view of each
floor. 
  

	 	a.	Evacuation plan in native language of workers. 

  

	 	b.	Evacuation drills conducted annually. 

 Accessible fire extinguishers and/or hoses marked in
clear view on each floor. 
  

	 	a.	One extinguisher per clearly separated work area and one extinguisher per 25 employees OR, one extinguisher per 75 feet circumference. 

 

	 	b.	Outside agency services fire extinguishers annually and tags date. 

  

	 	c.	Employee trained in use of a fire extinguisher. 

 Facility is clean, free of obvious
insect/rodent infestation. 
 Workers have access to potable water. 

 

	 	a.	Unrestricted access to water. 

 Restrooms are clean and functional. 

 

	 	a.	Adequate number of water closets. Meets national standard or, if no national standard, meets the following WC/employee ratio: 

Workforce less than 150 Female: 1 per 25     Male: 1 per 50 

Workforce of 150 or more: 1 per 40 employees (regardless of gender). 
  

	 	b.	Toilet supplies provided to workers; toilet tissue, soap, towels. 

 Either in toilet area or
given to worker as needed by supervisor. 
  

	 	c.	Unrestricted access to toilet. 

  

	 	d.	Toilets segregated by gender. 

  
 7 

 Work environment issues: 

Adequate climate control  
  

	 	a.	Conducive to natural climate. Adequate cross ventilation. 

  

	 	B.	Adequate lighting for cutting, sewing, finishing and warehouse. 

  

	 	C.	Noise control criteria - able to hear normal conversation tone from three feet. Failure to meet this criteria requires hearing protection measures. 

General safety issues, including exposed wiring, overloaded outlets, improper storage of combustible materials. 

REQUIREMENT: Needle guards, eye shields and belt guards for sewing machines. 

Best Practices: It is strongly recommended that other protective equipment be provided to workers with appropriate training and other safety
measures implemented. 
 Items should include: 
  

	 	a.	Appropriate footwear for special areas of facility. 

  

	 	b.	Cutting gloves for cutters. 

  

	 	c.	Other as appropriate including, but not limited to, fork lift training, handling of caustic materials, emergency response to chemical exposure, etc. 

FOOD PREPARATION AND CANTEEN AREAS 

Canteen area has: 
  

	 	a.	At least two means of egress. 

  

	 	b.	Fire fighting equipment. 

  

	 	c.	Potable water. 

  

	 	d.	Contained trash. 

  

	 	e.	No industrial chemical storage. 

  

	 	f.	Is rodent/insect free. 

  

	 	C.	DORMITORY 

 Overall dormitory clean and safe. 

Sleeping quarters clean and safe. 

First aid kits available in dormitory with trained personnel on site during time workers are normally in dormitory. At least one per dorm
floor. 
 At least 2.5 square meters per worker in dorm room. Each worker has individual bed. 

  
 8 

 Workers have unrestricted access to potable water. 

Toilets/showers clean and functional. Same ratio of toilets per worker as in factory. Number of showers is adequate to accommodate dormitory
population. 
 Adequate ventilation and light in dorm rooms. Windows in room. 

At least two means of safe egress per floor. 

Exits clearly marked, unlocked and unblocked. Emergency lights in corridors and stairwells. 

No hazardous or combustible materials kept in dormitory. 

Illustrated evacuation plan on each floor in native language of workers. Evacuation drills conducted at least annually. 

At least one fire extinguisher per four rooms. Extinguishers spaced out on each floor. Or one small extinguisher per room. 

Evidence of Noncompliance 
  

	 	•	 	Violations of above items not addressed during inspection. 

  

	 	10.	Environmental Safekeeping 

 Kellwood expects its business partners to use manufacturing
practices that ensure the safekeeping of natural resources and ecological surroundings. Kellwood requires the following: 
  

	 	a.	compliance with all local environmental laws 

  

	 	b.	maintenance of all applicable environmental certificates 

  

	 	c.	Kellwood strongly encourages business practices that minimize waste and maximize recycling 

 Evidence of
Compliance- Acceptable 
  

	 	•	 	Environmental management program that clearly outlines applicable local laws. 

  

	 	•	 	Applicable inspections/certifications to demonstrate compliance with local laws. 

  

	 	•	 	Proper disposal of waste products. 

 Evidence of Noncompliance-Unacceptable 

 

	 	•	 	Violation of local environmental legal requirements. 

  

	 	•	 	Exposure of workers and/or local community to dangerous pollutants. 

  

	 	•	 	Inappropriate storage and/or handling of chemicals. 

  
 9 

	 	11.	Monitoring Standards 

 Kellwood expects the factory to allow Kellwood employees or
Kellwood’s designated monitors to inspect factory by appointment. During the inspection, all pertinent records, documents, certifications and other materials necessary to demonstrate compliance with the above points covered by Kellwood Code of
Conduct should be on site and made available to persons conducting inspection. During the inspection, employees will be interviewed to verify information found during document reviews. Payroll, time records, piece rate records must be onsite for a
minimum of six months or country law; if greater. 
 Kellwood requires that its Code of Conduct be posted in factory where it is clearly
visible to employees. It is strongly recommended that factories conduct employee training sessions to ensure understanding of Code of Conduct. 

Evidence of Compliance 
  

	 	•	 	Full cooperation with persons conducting monitoring inspection. 

  

	 	•	 	Posted Code of Conduct. 

  

	 	•	 	All Documents available for review. 

 Evidence of Noncompliance 

 

	 	•	 	Denied access to factory. 

  

	 	•	 	Denied access to records or unavailable records. 

  

	 	•	 	Denied access to employee interviews. 

  
 10 

 Schedule K 

Evaluation Form 

Kellwood Company 
 Social
Compliance Monitoring Report 
  
  

					
	
Report #:                      
                   
	  	(Factory Name)	  	Audit Type:
                                        

  

			
		
	 Monitoring Date:
	  	
		
	 Kellwood Division:
	  	
		
	 Parent / Agent Company:
	  	
		
	 Name of Factory:
	  	
		
	 Name of Factory/Facility:
	  	
		
	 Physical Location Address:
	  	
		
	 Mailing Address:
	  	
		
	 Contact Name:
	  	
		
	 Title:
	  	
		
	 Telephone #:
	  	
		
	 Fax #:
	  	

  

							
	 Overall Rating
	  	 ̈ Acceptable	  	 ̈ Needs Improvement	  	 ̈ Unacceptable

MONITORED BY 
  

			
	 Name of Monitoring
 Company:
	  	
		
	Name of Monitor:	  	
		
	Audit Date:	  	

  
 11 

 Summary of Audit results Compared to Kellwood Requirements 

 

							
	 Summary of Kellwood Audit Results
	  	 Acceptable
	  	 Needs Improvement
	  	 Unacceptable

				
	 1.      Legal Requirements are in compliance with Kellwood  Transshipment/Customs Requirements and
Local Law
	  	 ̈	  	 ̈	  	 ̈
				
	 Findings Listed:
	  		  		  	
				
	 2.      Child Labor documentation is in compliance with Kellwood  Requirements and Local
Law
	  	 ̈	  	 ̈	  	 ̈
				
	 Findings Listed:
	  		  		  	
				
	 3.      Forced Labor is in compliance with Kellwood Requirements and Local  Law
	  	 ̈	  	 ̈	  	 ̈
				
	 Findings Listed:
	  		  		  	
				
	 4.      Wages and Benefits are in compliance with Kellwood Requirements  and Local Law
	  	 ̈	  	 ̈	  	 ̈
				
	 Findings Listed:
	  		  		  	
				
	 5.      Working Hours are in compliance with Kellwood Requirements and  Local Law
	  	 ̈	  	 ̈	  	 ̈
				
	 Findings Listed:
	  		  		  	
				
	 6.      Discrimination and Women’s Rights are in compliance with Kellwood  Requirements and
Local Law
	  	 ̈	  	 ̈	  	 ̈
				
	 Findings Listed:
	  		  		  	
				
	 7.      Disciplinary Practices are in compliance with Kellwood Requirements  and Local Law
	  	 ̈	  	 ̈	  	 ̈
				
	 Findings Listed:
	  		  		  	
				
	 8.      Free Association are in compliance with Kellwood Requirements and  Local Law
	  	 ̈	  	 ̈	  	 ̈
				
	 Findings Listed:
	  		  		  	
				
	 9.      A. Health and Safety in compliance with Kellwood Requirements and  Local Law
	  	 ̈	  	 ̈	  	 ̈
				
	 Findings Listed:
	  		  		  	
				
	 9.      B. Health and Safety Dormitories are in compliance with Kellwood  Requirements and Local
Law          ( ̈ N/A)
	  	  ̈
	  	 ̈	  	 ̈
				
	 Findings Listed:
	  		  		  	
				
	 10.    Environmental Safekeeping is in compliance with Kellwood Requirements and Local Law
	  	 ̈	  	 ̈	  	 ̈

  
 12 

							
	Findings Listed:	  		  		  	
				
	 11.    Monitoring Standards are in compliance with Kellwood Requirements  and Local Law
	  	 ̈	  	 ̈	  	 ̈
				
	Findings Listed:	  		  		  	

 Overall Assessment: 

{Factory Name} is located at {factory address}. The total land area occupied by the facility is about {total land area}. They have operated at this location
since {Date}. The main products manufactured by the factory are {list products}. 
 In view of facilities, the factory is made up of {list number and type
of buildings, e.g. production buildings, canteens, dormitories}. The main production processes are listed as follows: {list processes}. 
  

			
	Total number of employees:	  	 
	 # of Production Workers
	  	
	 # of Non- Production workers
	  	
	 # of local employees
	  	
	 # of Migrant employees
	  	

 Wages of worker are calculated based on {hourly rate/piece rate/ weekly rate, etc}. The peak season is from {month} to
{month}. 
 Working hours in the factory are {time} to {time}. {Include multiple shifts if necessary.} Breaks are {list}. 

 

							
	 Type of articles produced:
	  	 	  	 	  	 
	 Is there Kellwood Production in this factory?
	  	Yes  ̈	  	If yes what %	  	No  ̈
	 List other brands produced in this

factory and percentage dedicated to

each brand:
	  		  		  	

 Process’ the factory is capable of: (Select from Following List): 

 

							
	 ̈ Assembly	  	 ̈ Finishing	  	 ̈ Molding	  	 ̈ Sewing

  
 13 

							
	 ̈ Cutting	  	 ̈ Injection	  	 ̈ Packing	  	 ̈ Trimming
				
		  		  	 ̈ Painting /	  	
				
	 ̈ Dying	  	 ̈ Inspection	  	Spraying	  	 ̈ Washing
				
	 ̈ Embroidery	  	 ̈ Laundry	  	 ̈ Pressing	  	 ̈ Other (specify)

  
  
  

									
	Total Number of Machines:	  	Cutters:	  	Spreaders :	  	Single:	  	Double:
	Multi: 	  	Over lock:	  	Bar tack:	  	Buttonhole:	  	Button sew:
	Pressers:	  	 Blind
 stitch:
	  	Other:	  	Other:	  	Other:

 Production Capacity per week (estimate): 

Required Lead Time (from placing order to Shipment) 

Audit Process 

    (Approved inspection service) —- conducted this {audit type} audit. Factory’s operation was
assessed / verified against the Kellwood Code of Conduct and local legislations on a sampling basis. 
  

							
	Total Number of Workers interviewed:	  	# of Women	  	# of Men	  	 
	Number of records reviewed	  	From the month of:	  		  	
	Number of records reviewed	  	From the month of:	  		  	
	Number of records reviewed	  	From the month of:	  		  	

 Overall Findings 

In view of the findings raised, non-compliances were covered in the areas of {List areas}. Details of the findings were listed in following sections. For other
areas, no violation was noted. 

  
 14 

 The factory management was {receptive, cooperative, argumentative, etc.) to the audit findings. 

Communicated Findings with: 
  

							
	Name:	 		  	Title:	  	
	Name:	 		  	Title:	  	
	Name:	 		  	Title:	  	
	Name:	 		  	Title:	  	

  

									
	1	  	 Legal Requirements
 Customs
/
 Transshipment
	  	Acceptable  ̈	  	Needs
Improvement  ̈	  	Unacceptable  ̈

 Exceptions (include
national/local law in text): 
  

									
	2.	  	Child Labor	  	Acceptable  ̈	  	 Needs

Improvement  ̈
	  	Unacceptable  ̈

  

			
	The legal working age is this country:	 	
	Legal working age for authorized minors in this country:	 	
	Until what age, if any, are children legally required to attend school in this country:	 	
	What is the youngest age of anyone working in this facility:	 	

 Exceptions (include national/local law in text): 
  

									
	3.	  	Forced Labor	  	Acceptable  ̈	  	 Needs

Improvement  ̈
	  	Unacceptable  ̈

  
 15 

 Exceptions (include national/local law in text): 

Kellwood prohibits force, prison, indentured or bonded labor. (Does the country allow movement to another factory or must one return to their native country?)

  

									
	 4.
	  	 Wages and Benefits
	  	 Acceptable  ̈
	  	 Needs

Improvement  ̈
	  	 Unacceptable  ̈

  

									
	 	  	 	  	 Local Currency

Specify:
	  	 US

Dollar
	  	 Exchange rate

	 Minimum legal wage applicable to the industry
	  	Hourly
Weekly
Monthly	  		  		  	 USD1=
 USD1=

USD1=

	 Actual minimum wage paid by the factory
	  	Hourly
Weekly
Monthly	  		  		  	 USD1=
 USD1=

USD1=

	 Prevailing Industry wage, if available
	  	Hourly
Weekly
Monthly	  		  		  	 USD1=
 USD1=

USD1=

	 Average wage paid in this factory
	  	Hourly
Weekly
Monthly	  		  		  	 USD1=
 USD1=

USD1=

 Exceptions (include national/local law in text): 
  

									
	 5.
	  	 Working Hours
	  	 Acceptable  ̈
	  	 Needs

Improvement  ̈
	  	 Unacceptable  ̈

  
 16 

					
	 	  	 (Actual) Factory
	  	By Law
	 Normal work hours per week
	  		  	
	 Maximum hours worked per day
	  		  	
	 Maximum hours worked per week
	  		  	
	 Maximum overtime hours per day
	  		  	
	 Maximum overtime hours per week
	  		  	
	 Average overtime hours per day
	  		  	
	 Average overtime hours per week
	  		  	
	 Maximum number of continuous workdays
	  		  	

 Exceptions (include national/local law in text): 
  

									
	6.	  	Discrimination and Women’s Rights	  	 Acceptable  ̈
	  	 Needs

Improvement  ̈
	  	Unacceptable  ̈

 Exceptions (include national/local law in text): 
  

									
	7.	  	Disciplinary Practices	  	Acceptable  ̈	  	 Needs

Improvement  ̈
	  	Unacceptable  ̈

 Exceptions (include national/local law in text): 
  

									
	8.	  	 Free Association
	  	Acceptable  ̈	  	 Needs

Improvement  ̈
	  	Unacceptable  ̈

 Exceptions (include national/local law in text): 
  

									
	9A.	  	 Health and Safety 
	  	Acceptable  ̈	  	 Needs

Improvement  ̈
	  	Unacceptable  ̈

 Exceptions (include national/local law in text): 
  

									
	9B.	  	 Health and Safety – 9B. Dormitories 

(if applicable) 
	  	Acceptable / Not Applicable  ̈	  	 Needs

Improvement  ̈
	  	Unacceptable  ̈

  
 17 

 Exceptions (include national/local law in text): 

 

									
	10.	  	 Environmental 

Safekeeping
	  	 Acceptable  ̈
	  	 Needs

Improvement  ̈
	  	Unacceptable  ̈

 Exceptions (include national/local law in text): 
  

									
	11.	  	 Monitoring Standards 
	  	 Acceptable  ̈
	  	 Needs

Improvement  ̈
	  	Unacceptable  ̈

 Exceptions (include national/local law in text): 

FOR INITIAL AUDITS ONLY – Please complete the following 

U.S. CUSTOMS C-TPAT QUESTIONNAIRE FOR FACTORIES 
  

					
	 	 	YES	 	NO
	 1.      Factory has a written security procedure plan.
	 	 	 	 
			
	          Physical Security

 
	 		 	
	 2.      Factory is constructed of materials which resist unlawful entry and protect against outside
intrusion.
	 	 	 	 
			
		 		 	
	 3.      Factory has locking devices for external and internal doors,
windows, gates and fences, maintaining
	 	 	 	 
	          safety rules for employee egress in emergency
	 		 	
		 		 	
	 4.      Factory prevents unauthorized access to raw materials and Kellwood finished cargo within
warehouse
	 	 	 	 
		 		 	
	 5.      Factory has lighting inside and outside facility, including parking areas.
	 	 	 	 

  
 18 

					
	 6.      Private vehicles cannot access shipping, loading dock and cargo areas.
	 	 	 	 
		 		 	
	 7.      Factory has a communication plan with internal/external communications systems in place to
contact 
	 	 	 	 
	  factory security personnel or local law enforcement agencies .
	 		 	
			
	 Access Controls
  
	 		 	
	 8.      Factory prohibits unauthorized access to the packing, shipping, loading dock or cargo
areas.
	 	 	 	 
		 		 	
	 9.      Factory requires positive identification of all employees and escorts vendors
	 	 	 	 
		 		 	
	 10.    Factory has procedures for challenging and managing unauthorized or unidentified persons.
	 	 	 	 
			
	 Procedural Security
  
	 		 	
	 11.    Factory has procedures for handling incoming and outgoing goods to protect against introduction, 
	 	 	 	 
	  exchange or loss of any legal or illegal material.
	 		 	
		 		 	
	 12.    Factory has designated security officer to supervise the introduction/removal of cargo.
	 	 	 	 
		 		 	
	 13.    Factory has procedures to properly mark, weigh, count and document products.
	 	 	 	 
	 14.    Factory has procedures for affixing, replacing, recording, tracking and verifying seals on containers,

	 	 	 	 
	  trailers and rail cars.
	 		 	
		 		 	
	 15.    Factory has procedures for detecting and reporting shortages and overages.
	 	 	 	 
	 16.    Factory has procedures for tracking the timely domestic movement of incoming and outgoing goods.
	 	 	 	 
		 		 	
	 17.    Factory properly stores empty and full containers to prevent unauthorized access.
	 	 	 	 
	 18.    Factory has procedures to notify Customs and other law enforcement agencies in cases where abnormal

	 	 	 	 
	  or illegal activities are detected or suspected.
	 		 	
			
	 Personnel Security
  
	 		 	
	 19.    Factory conducts employment screening and interviewing of prospective warehouse / shipping and 
	 	 	 	 
	  security employees to include periodic background checks and application verifications.
	 		 	
			
	 Education & Awareness
  
	 		 	
	 20.    Factory provides reporting mechanism, including confidential reporting
	 	 	 	 
	 21.    Factory conducts security awareness training for employees to include recognition of internal 
	 	 	 	 
	  conspiracies, maintenance of product integrity, determination of unauthorized access and procedures to  address unauthorized access.
	 		 	

  
 19

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00222-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00222-of-00352.parquet"}]]