Document:

Performance Share Award Agreement

 Exhibit 10.5 
 PERFORMANCE SHARE AWARD AGREEMENT 
 UNDER THE JAVO BEVERAGE COMPANY, INC. 
 2007 STOCK OPTION AND INCENTIVE PLAN 
 Name of
Grantee:                                      
                       
 Grant Date of
Award:                                       
              
 Target Number of Performance
Shares:                         
 Performance Measure: as described in Exhibit A 
 Pursuant to the Javo Beverage Company, Inc. 2007 Stock Option and Incentive Plan
(the “Plan”), Javo Beverage Company, Inc. (the “Company”) hereby agrees to award to the Grantee named above shares of common stock of the Company (“Stock”), the final number of which shall be determined pursuant to, and
subject to the attainment of performance goals set forth in Exhibit A (the “Performance Goals” and such shares of Stock shall be the “Performance Shares”). The Performance Shares are granted pursuant to, and are subject to the
restrictions and conditions set forth herein and in the Plan. 
 1. Acceptance of Performance Shares Grant; Rights as
Stockholder. 
 (a) The Grantee hereby acknowledges and understands that the Performance Shares represent a commitment of the Company to
issue shares of Stock, subject to the attainment of the Performance Goals and the receipt by the Company of a fully executed copy of this Agreement. 
 (b) The Administrator shall certify at its first meeting after each of the Measurement Dates set forth in Exhibit A, whether and to what extent the Performance Goals have been met. Upon such certification, and
provided that the Grantee is employed on the date of such Administrator certification, the relevant number of Performance Shares, in the form of fully vested shares of Stock, shall be issued and delivered to, or otherwise registered in book entry in
the name of, the Grantee, and the Grantee’s name shall be entered as the stockholder of record on the books of the Company and shall have all the rights of a Stockholder with respect to such shares of Stock. Any vested Performance Shares shall
be so issued and delivered to the Grantee no later than 30 days after each Measurement Date. The actual number of shares of Stock to be issued to the Grantee will vary depending upon the attainment of the Performance Goals. 
 2. Vesting of Performance Shares. 
 (a) A Grantee shall only vest in the Performance Shares to the extent the Performance Goals are attained, as more fully described in Exhibit A and as determined by the Administrator. 

 (b) Notwithstanding anything contained herein, the terms of any severance or employment agreement between
the Company and the Grantee shall determine whether, and to what extent, any unvested Performance Shares shall accelerate and become vested in connection with the occurrence of certain termination of employment events including, without limitation,
in the event of a termination of employment in connection with a Change in Control (as such term or any similar term is defined in any such severance or employment agreement). 
 3. Incorporation of Plan. 
 Notwithstanding anything herein to the contrary, this Agreement shall be subject to, and governed by, all the terms and conditions of the Plan, including the powers of the Administrator set forth in Section 2(b) of the Plan.
Capitalized terms in this Agreement shall have the meaning specified in the Plan, unless a different meaning is specified herein. 
 4.
Transferability. 
 This Agreement is personal to the Grantee, is non-assignable and is not transferable in any manner, by
operation of law or otherwise, other than by will or the laws of descent and distribution. None of the shares of Stock now owned or hereafter acquired shall be sold, assigned, transferred, pledged, hypothecated, given away or in any other manner
disposed of or encumbered, whether voluntarily or by operation of law, unless such transfer is in compliance with all applicable securities laws, and such disposition is in accordance with the terms, conditions and limitations of the Company’s
Certificate of Incorporation, as amended. Any attempted disposition of Stock not in accordance with the terms and conditions of this Section shall be null and void, and the Company shall not reflect on its records any change in record ownership of
any shares of Stock as a result of any such disposition, shall otherwise refuse to recognize any such disposition and shall not in any way give effect to any such disposition of any shares of Stock. 
 5. Tax Withholding. 
 The
Grantee shall, not later than the date as of which the receipt of the award of Performance Shares becomes a taxable event for Federal income tax purposes, pay to the Company or make arrangements satisfactory to the Administrator for payment of any
Federal, state, and local taxes required by law to be withheld on account of such taxable event. The Administrator may allow the Grantee to elect to have the required minimum tax withholding obligation satisfied, in whole or in part, by
(i) authorizing the Company to withhold from shares of Stock to be issued a number of shares with a Fair Market Value equal to the withholding obligation (or part thereof), or (ii) transferring to the Company, a number of shares of Stock
with an aggregate Fair Market Value that would satisfy the withholding amount due. 
 6. Miscellaneous. 
 (a) Notice hereunder shall be given to the Company at its principal place of business, and shall be given to the Grantee at Grantee’s place of
employment, or in either case at such other address as one party may subsequently furnish to the other party in writing. 

 (b) This Agreement does not confer upon the Grantee any rights with respect to continuation of employment
by the Company or any Subsidiary. 
 IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written.

  

			
	 Javo Beverage Company, Inc.

		
	 By:
	 	  
	
	Name:
	Title:

 The foregoing Agreement is hereby accepted and the terms and conditions thereof hereby agreed to by the
undersigned. 
  

									
	Dated:	 	  	 		 		 	  
		 		 		 		 	Grantee’s Signature
					
		 		 		 		 	Grantee’s Name and Address:
					
		 		 		 		 	  
					
		 		 		 		 	  
					
		 		 		 		 	  

 EXHIBIT A 
 Performance Goals and Vesting Schedule 
 Measurement DatesWaiver to Factoring Agreement

 Exhibit 10.33 
  

					
	

	 	

	  	 99 PARK AVENUE NEW YORK, N. Y. 10016
 (212) 697-4200

 as of January 31, 2007 
 Cygne Designs, Inc. 
 11 West 42nd Street 
 New York, New York 10036 
  

	 	Re:	Factoring Agreement dated July 31, 2005 

  

	Gentlemen:	

 We refer to the Factoring Agreement dated as of July 31, 2005 (as
amended, the “Factoring Agreement”), which among other things sets forth the terms on which Milberg Factors, Inc. (“Milberg”) has agreed to make certain discretionary advances available to Cygne Designs, Inc. (the
“Borrower”). All capitalized terms used but not defined herein shall have the respective meanings ascribed to such terms in the Factoring Agreement. 
 WHEREAS, the Factoring Agreement, without limiting Milberg’s discretion with respect to the provision of advances, requires that the Borrower be in compliance with certain financial covenants; and 
 WHEREAS, on December 18, 2006 Milberg waived and consented to the Borrower’s non-compliance with certain financial covenants during the period
beginning on October 31, 2006 through January 31, 2007; and 
 WHEREAS, the Borrower has advised Milberg that the Borrower will
continue to be in non-compliance with such financial covenants on and after January 31, 2007; and 
 WHEREAS, the Borrower has requested that Milberg
consent to such non-compliance (without in any way limiting Milberg’s discretion with respect to the provision of any such advances) for the period beginning on January 31, 2007 through April 30, 2007. 
 NOW, THEREFORE: 
  

	1.	 Each of the Borrower and Milberg agree that all references to the “Subordinated Promissory Note” in the Factoring Agreement (as amended hereby) shall be
deemed to refer to and to include (i) the Subordinated Secured Promissory Note dated July 31, 2005 issued by the Borrower in favor of Diversified Apparel Resources, LLC (formerly known as Commerce Clothing Company, LLC) and subsequently
assigned to Serge Kraif with 

	 	 
effect from November 1, 2006, (ii) the Subordinated Convertible Promissory Note dated as of January 31, 2007 issued by the Borrower in favor
of Serge Kraif and (iii) any other payment obligation arising therefrom, in connection therewith or as a result of any conversion, exchange or termination thereof, including, without limitation, any obligation in respect of the Note Deferral
(as defined in the Note Conversion Agreement dated January 31, 2007 by and between the Borrower and Serge Kraif (the “Conversion Agreement”)) or any obligation to make the Deferral Payment (as defined in the Conversion Agreement).

  

	 2.
	 Milberg hereby waives and consents to the Borrower’s breach of, and non-compliance with (i) the Tangible Net
Worth covenant set forth in clause (o) of the definition of “Event of Default” in Section 6 of
the Factoring Agreement (the “Net Worth Covenant”) for the period beginning on January 31, 2007 through April 30, 2007; and (ii) the Working Capital covenant set forth in clause (p) of the definition of “Event of
Default” in Section 6 of the Factoring Agreement (the “Working Capital Covenant” and together with the Net Worth Covenant, the “Applicable Financial Covenants”) for the period beginning on January 31, 2007 through
April 30, 2007; provided that such waiver and consent shall be expressly conditioned on the accuracy of the representations of, and the continued compliance from and after the date hereof with the covenants by, the Borrower as set forth
in paragraphs 2 and 3 below. Such waiver and consent is specific to the Borrower’s non-compliance with, and breach of, the Applicable Financial Covenants with respect to the above specified period, and shall in no way or manner be construed to
apply to any other time period or other term, condition, covenant or obligation contained in the Factoring Agreement. 

  

	3.	The Borrower represents and warrants to Milberg that: 

  

	 	(a)	the Borrower has not made any distribution, dividend or other payment to its stockholders (in their capacity as such) or any payment in respect of the Subordinated Promissory Note
(other than the October 31, 2006 payment) during the period beginning on October 31, 2006 through the date hereof; 

  

	 	(b)	each representation and warranty of the Borrower set forth in the Factoring Agreement and all related agreements is, and will be, true and accurate in all material respects as of
the date such representation or warranty was made or deemed made; 

  

	 	(c)	except for the breach of the Applicable Financial Covenants described above, the Borrower is, and will be, in compliance with each covenant (financial or otherwise) set forth in the
Factoring Agreement and all related agreements. 

	3.	In addition to, and not in limitation of, any restriction set forth in the Factoring Agreement, the Borrower hereby agrees, confirms and covenants that, without the prior written
consent of Milberg, it shall not make any distribution, dividend or other payment to its stockholders (in their capacity as such) or any payment in respect of the Subordinated Promissory Note. 

 The Borrower agrees, acknowledges and affirms that all advances made under the Factoring Agreement are payable upon demand and that neither (i) this letter
agreement or anything herein, including, without limitation, the waiver and consent to the breach of the Applicable Financial Covenants, nor (ii) the enumeration in this letter agreement, or in any other document relating to such advances, of
specific obligations and/or conditions to the availability of such advances shall not be construed to qualify, define or otherwise limit Milberg’s right, power or ability, at any time, to make demand for payment of the entire outstanding
principal of and interest due under the Factoring Agreement. 
 The Borrower acknowledges and agrees that, except as specifically set forth above, all terms
and conditions of the Factoring Agreement remain unchanged and that the Factoring Agreement remains in full force and effect. Subject to the waiver and consent provided for herein, the Borrower hereby ratifies, confirms and reaffirms all the terms
and conditions in the Factoring Agreement. 
 All security described in the Factoring Agreement and any related security agreement entered into in connection
therewith shall continue to secure all indebtedness, liabilities and obligations of the Borrower to Milberg, and all provisions, covenants and agreements contained in any related security agreement are hereby confirmed, ratified and reaffirmed, and
each such agreement is and shall remain in full force and effect. 
 Hubert Guez hereby acknowledges, ratifies and reaffirms his guaranty in favor of Milberg
dated as of July 31, 2006. 
 ***** 

 [Signature Page to January 31, 2007 Consent, Waiver and Amendment] 
  

			
	Very truly yours,
	MILBERG FACTORS, INC.
		
	By:	 	/s/ William A. Zisfein
		 	Name: William A. Zisfein
		 	Title: Senior Vice President

 THE UNDERSIGNED EACH AGREE THAT THE TERMS AND CONDITIONS OF THE FOREGOING LETTER AGREEMENT ARE HEREBY AGREED TO
AND ACCEPTED AS OF THE DATE FIRST WRITTEN ABOVE. 
 Acknowledged, agreed to and accepted: 
  

			
	CYGNE DESIGNS, INC.
		
	By:	 	/s/ Roy E. Green
		 	Name: Roy E. Green
		 	Title:   Chief Financial Officer, Treasurer and Secretary

  

	
	GUARANTOR:
	
	/s/ Hubert Guez
	HUBERT GUEZ

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