Document:

EX-10.2

		

			 

		

		
			EXHIBIT 10.2
		

		
			 
		

		
			 
		

		
			CK Jeans Apparel - Asia Jeans License 
		

		
			CK Jeans Apparel - Europe Jeans License 
		

		
			+ Africa (+Europe & Asia)
		

		
			April 19, 2012
		

		
			/DMG 25 Apr 12
		

		
			W  July 2, 2012
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			27 July 2012
		

		
			 
		

		
			 
		

		
			Warnaco Asia Limited formerly CK Jeanswear Asia Limited (“CKJA”)
		

		
			CK Jeanswear Australia, Ltd. (“CKJ Aus”)
		

		
			CK Jeanswear New Zealand, Ltd. (“CKJNZ”)
		

		
			CK Jeanswear Korea, Ltd. (“CKJK”)
		

		
			CK Jeanswear Shanghai, Ltd. (“CKJS”)
		

		
			WF Overseas Fashion C.V. (“WFOF”)
		

		
			Warnaco Italy S.r.l. formerly CK Jeanswear Europe S.r.l. or “CKJE” (“CKJE”)
		

		
			("CKJA Group Entities")
		

		
			Warnaco B.V. as successor to CKJ Jeanswear N.V. (as “guarantor”) (“CKJNV” together with the CKJA Group Entities, hereinafter all collectively (“CKJ Entities”)
		

		
			 
		

		
			 
		

		
			Re:        Calvin Klein, Inc. (“CKI”) CKJA et alia including CKJNV Jeans Apparel License Agreement (as of 9 May 1996, Amended and Restated d. as of 1 January 1997 as amended (“CK Jeans Apparel - Asia Jeans License”), including as to assigned portions to CKJ Aus (Australia), CKJNZ (New Zealand), CKJ Korea (S. Korea), CKJS (PRC China) and CKJE (Japan), sometimes “Assigned Licenses”
		

		
			 
		

		
			            Calvin Klein Inc. (“CKI”) and CKJE (and also WFOF) as parties to the Jeans Apparel License Agreement (d. 9  May 1996, Amended and Restated d. as of 1 January 1997 as amended) (“CK Jeans Apparel – Europe Jeans License”). 
		

		
			 
		

		
			CKI and CKJ Entities as parties (as applicable) to the Amended and Restated “Calvin Klein Jeans” Jeans Apparel Store License d. 6 March 2002 as amended (“Jeans Apparel Store License”)
		

		
			 
		

		
			 
		

		
			Ladies and Gentlemen:
		

		
			 
		

		
			CKI and the CKJ Entities hereby agree, effective 1 July 2012 (the "Effective Date"), to amend the CK Jeans Apparel - Asia Jeans License to add the specific countries set forth on Exhibit A ("Asia"), annexed hereto and made a part hereof, to the “Territory”, and to amend the CK Jeans Apparel - Europe Jeans License to add the specific countries and jurisdictions in Europe and to add the specific countries in Africa all as set forth on Exhibit B (individually and collectively, "Europe and Africa"), annexed hereto and made a part hereof, to the “Territory” (and thus also to the “territory” and the applicable region i.e. Africa, Europe, and Asia covered under the Jeans Apparel Store License), as follows:
		

		
			 
		

		
			1.         The “Territory” as defined under the CK Jeans Apparel - Asia Jeans License shall, from and after the Effective Date, include those countries (and jurisdictions) in Asia.
		

		
			 
		

		

		

		 

		

			 

		

 

		

			 

		

		2.         The “Territory” as defined under the CK Jeans Apparel - Europe Jeans License shall, from and after the Effective Date, include those countries (and jurisdictions) in Europe, and include in addition to South Africa those countries listed in Exhibit B, as a separate region Africa (“Africa” or “Africa Region”.)
		

		
			 
		

		
			3.          There will be no separate dollar amounts or increase in the base dollar amount of either the Minimum Guaranteed Fee (§9.1) or the Minimum Advertising Expenditure amount (§7.2) payable under the CK Jeans Apparel – Asia Jeans License applicable to Net Sales in Asia or payable under the CK Jeans Apparel – Europe Jeans License applicable to Net Sales in Europe, respectively, as applicable, or as to Africa which shall be deemed a subset of Europe.  Percentage Fees and earned Minimum Advertising Expenditure amounts based on Net Sales in Asia and Europe (to include Africa as subset thereof) shall, respectively, receive credits for the Minimum Guaranteed Fees or Minimum Advertising Expenditures minimum amounts as applicable paid under each of the CK Jeans Apparel – Asia Jeans License and the CK Jeans Apparel – Europe Jeans License, as applicable.  There will be no separate amount or increased Minimum Net Sales Threshold amount applicable to Net Sales Asia or in Europe, and Net Sales in the additional countries (and jurisdictions) in Asia and Europe will be credited towards MNST’s as provided in each of the CK Jeans Apparel – Asia Jeans License and the CK Jeans Apparel – Europe Jeans License respectively, as applicable.  
		

		
			 
		

		
			4.          All retail stores in Asia and Europe and Africa are subject to CKI’s advance approval, and on an ongoing basis, and must consistently comply with the standards for retail outlets as referenced in §5.6 of the CK Jeans Apparel – Asia Jeans License and the CK Jeans Apparel – Europe Jeans License, respectively, as applicable.
		

		
			 
		

		
			5.          There will be no separate limit on the number of “Calvin Klein Jeans” stores required or permitted to be opened or operated under the Jeans Apparel Store License, with respect to free-standing “Calvin Klein Jeans” stores in Asia or Europe,  or Africa, with respect to the additional countries (and jurisdictions) added herein, which stores are subject to all of the terms and provisions under the Jeans Apparel Store License.
		

		
			 
		

		
			6.         This amendment to the CK Jeans Apparel – Asia Jeans License, the CK Jeans Apparel – Europe Jeans License, and to the Jeans Apparel Store License shall be considered as having been entered into in the State of New York and shall be construed and interpreted in accordance with the laws of that state applicable to agreements made and to be performed therein.
		

		
			 
		

		
			7.          Except as set forth herein, each of the CK Jeans Apparel – Asia Jeans License, the CK Jeans Apparel – Europe Jeans License,  and the Jeans Apparel Store License, remains in full force and effect as set forth therein.  This amendment may not be amended or modified, or terminated except in writing signed by both parties hereto and exchanged between them.
		

		
			 
		

		
			[Signature Page Follows]
		

		
			 
		

		
			 
		

		

		

		 

		

			                        

		

		

			2

		

 

		

			 

		

		The parties have executed this amendment as of the date first written above.
		

		
			 
		

		
			 
		

		
			Calvin Klein, Inc.
		

		
			 
		

		
			 
		

		
			By:/s/ Tom Murry                                         
		

		
			 
		

		
			 
		

		
			Warnaco Asia Limited
		

		
			CK Jeanswear Australia, Ltd.
		

		
			CK Jeanswear New Zealand, Ltd.
		

		
			CK Jeanswear Korea, Ltd.
		

		
			CK Jeanswear Shanghai, Ltd.
		

		
			 
		

		
			            
		

		
			By:/s/ Stanley Silverstein             
		

		
			 
		

		
			 
		

		
			WF Overseas Fashion C.V.
		

		
			 
		

		
			 
		

		
			By:/s/ Stanley Silverstein             
		

		
			 
		

		
			 
		

		
			Warnaco Italy S.r.l. 
		

		
			 
		

		
			 
		

		
			By:/s/ Stanley Silverstein             
		

		
			 
		

		
			 
		

		
			Warnaco B.V.
		

		
			 
		

		
			 
		

		
			By:/s/ Elizabeth Wood             
		

		
			 
		

		
			 
		

		
			Warnaco B.V.
		

		
			 
		

		
			 
		

		
			By:/s/ Amy Greenfield             
		

		
			 
		

		
			 
		

		

		

		 

		

			                        

		

		

			3

		

 

		

			 

		

		Exhibit A
		

		
			 
		

		
			Asia shall include the following:
		

		
			 
		

		
			Afghanistan 
		

		
			Bangladesh 
		

		
			Bhutan 
		

		
			Brunei 
		

		
			East Timor 
		

		
			Iraq 
		

		
			Kyrgyzstan 
		

		
			Maldives  
		

		
			Nepal
		

		
			Pakistan 
		

		
			Sri Lanka 
		

		
			Tajikistan 
		

		
			Turkmenistan 
		

		
			 
		

		
			Fiji 
		

		
			Kiribati 
		

		
			Republic of the Marshall Islands 
		

		
			Nauru 
		

		
			Palau 
		

		
			Samoa 
		

		
			Solomon Islands 
		

		
			Tonga 
		

		
			Tuvalu 
		

		
			Vanuatu
		

		

		

		 

		

			                        

		

		

			4

		

 

		

			 

		

		Exhibit B
		

		
			 
		

		
			 
		

		
			Africa:**
		

		
			Algeria 
		

		
			Angola 
		

		
			Benin 
		

		
			Botswana
		

		
			Burkina 
		

		
			Burundi 
		

		
			Cameroon 
		

		
			Cape Verde 
		

		
			Central African Republic 
		

		
			Chad 
		

		
			Comoros Islands
		

		
			Congo 
		

		
			Congo 
		

		
			 (Dem. Rep.) 
		

		
			Djibouti 
		

		
			Equatorial Guinea 
		

		
			Eritrea 
		

		
			Ethiopia 
		

		
			Gabon 
		

		
			Gambia 
		

		
			Ghana 
		

		
			Guinea 
		

		
			Guinea-Bissau 
		

		
			Ivory Coast 
		

		
			Kenya 
		

		
			Lesotho 
		

		
			Liberia 
		

		
			Libya 
		

		
			Madagascar 
		

		
			Malawi 
		

		
			Mali 
		

		
			Mauritania 
		

		
			Mauritius 
		

		
			Mozambique
		

		
			Morocco 
		

		
			Namibia
		

		
			Niger 
		

		
			Nigeria
		

		
			Reunion 
		

		
			Rwanda 
		

		
			Sao Tome 
		

		
			 and Principe 
		

		
			Senegal 
		

		
			Seychelles 
		

		
			Sierra Leone 
		

		
			Somalia 
		

		
			South Africa
		

		
			Somaliland
		

		
			Sudan 
		

		
			Tanzania 
		

		

		

		 

		

			                        

		

		

			5

		

 

		

			 

		

		Togo 
		

		
			Tunisia
		

		
			Uganda 
		

		
			Zambia 
		

		
			Zimbabwe
		

		
			 
		

		
			Europe:
		

		
			Albania
		

		
			Gibralter
		

		
			Guernsey
		

		
			Iceland 
		

		
			Isle of Man
		

		
			Jersey
		

		
			Monaco 
		

		
			Montenegro 
		

		
			St. Helena
		

		
			 
		

		
			 
		

		 

		

			                        

		

		

			6EX-10.3

		

			 

		

		
			EXHIBIT 10.3
		

		
			 
		

		
			 
		

		
			DMG 
		

		
			CKJE – Returns from
		

		
			CKJ FSS
		

		
			17 Apr 12/23 May 12
		

		
			W-June 20, 2012//DMG 2 Jul 12/W-July 9, 2012/DMG 11 July12/DMG 19 July 12/W-July 19, 2012/PB July 20
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			27 July 2012
		

		
			 
		

		
			 
		

		
			 
		

		
			WF Overseas Fashion C.V. (“WFOF”)
		

		
			Warnaco Italy S.r.l. formerly CK Jeanswear Europe S.r.l. or “CKJE” (“CKJE”)
		

		
			 
		

		
			 
		

		
			Re:        Calvin Klein Inc. (“CKI”) and CKJE (and also WFOF) as parties to the Jeans Apparel License Agreement (d. May 1996, Amended and Restated d. as of 1 January 1997 as amended) (“CK Jeans Apparel – Europe Jeans License”)
		

		
			 
		

		
			 
		

		
			Ladies and Gentlemen:
		

		
			 
		

		
			In connection with the settlement of certain audit issues for the periods from 1 January 2006 through 31 December 2009, the parties hereby confirm their understanding that notwithstanding anything contained in the Amended and Restated 6 June 2003 letter and in clarification of the first paragraph thereof (i) Percentage Fees are earned upon shipments to free-standing Calvin Klein Jeans stores  (whether CKJE’s or CKJE’s sublicensees’), as well as CKJE/Warnaco retail leased, fully fixtured (i) concessions and/or (ii) shop-in-shops (“SIS”) in each case as to items (i) and (ii) in which Warnaco retains ownership of inventory until ultimate sale to the consumer (“Retail SIS/Concessions”), in the Territory under such CK Jeans Apparel – Europe Jeans License,  (hereinafter “Europe Territory”) including upon intercompany shipments to such CKJE Calvin Klein Jeans stores and Retail SIS/Concessions, and (ii) to amend certain definitions to allow certain additional allowable returns (to warehouses that are owned, leased, or providing warehousing services for CKJE/Warnaco  (collectively, “CKJE/Warnaco Warehouses”)  to be considered as permitted deductions, CKI, and CKJE and WFOF, hereby agree, as follows:
		

		
			 
		

		
			 
		

		
			1.         Under the CK Jeans Apparel – Europe Jeans License, for purposes of determining Net Sales under §10.1, sales by CKJE to free-standing Calvin Klein Jeans retail stores (full-priced and outlet)in the Europe Territory opened under the Amended and Restated 6 March 2002 CKI and CK Jeanswear NV. retail store license (“Jeans Store License”) and Retail SIS/Concessions opened under the CK Jeans Apparel-Europe Jeans License are reported and the corresponding Percentage Fee earned upon shipment to such store(s) and Retail SIS/Concessions.
		

		
			 
		

		
			2.         An addition to §10.1 shall be added as follows:
		

		
			 
		

		
			“Notwithstanding the limitations in this §10.1 as to returns,  the parties agree to amend this Agreement, effective 1 January 2012, to provide, in addition, that returns from CKJE/Warnaco full price or outlet free-standing Calvin Klein Jeans stores in the Europe Territory,  opened under the 
		

		 

		

			

		

		

			

		

 

		

			 

		

		Jeans Store License and Retail SIS/Concessions opened under this CK Jeans Apparel-Europe Jeans License which are returned to CKJE/Warnaco Warehouses, shall be an allowable deduction from Net Sales.  When Articles which have been returned under the provisions of the preceding sentence are subsequently sold or transferred, Net Sales thereof shall be deemed to occur only when shipped from such CKJE/Warnaco Warehouses and will be subject to applicable payments (and expenditures) by Licensee thereon (e.g. Percentage Fees),  (that is Licensee shall hereinafter be permitted to deduct returns of inter-company transfers of Articles from such CKJE/Warnaco full price or outlet free-standing Calvin Klein Jeans Stores and Retail SIS/Concessions in the Europe Territory to such CKJE/Warnaco Warehouses,  hence Licensee shall  not be responsible for multiple royalty payments on these same Articles since the aforementioned inter-company returns will henceforth be permitted deductions, which would negate the initial sale.)    
		

		
			 
		

		
			3.         This amendment to the CK Jeans Apparel – Europe Jeans License shall be considered as having been entered into in the State of New York and shall be construed and interpreted in accordance with the laws of that state applicable to agreements made and to be performed therein.
		

		
			 
		

		
			4.         Except as set forth herein, the CK Jeans Apparel – Europe Jeans License, remains in full force and effect as set forth therein.  This amendment may not be amended or modified, or terminated except in writing signed by both parties hereto and exchanged between them.
		

		
			 
		

		
			 
		

		
			The parties have executed this amendment as of the date first written above.
		

		
			 
		

		
			 
		

		
			Calvin Klein, Inc.
		

		
			 
		

		
			 
		

		
			By:/s/ Tom Murry             
		

		
			 
		

		
			 
		

		
			 
		

		
			WF Overseas Fashion C.V.
		

		
			 
		

		
			By: Warnaco U.S., Inc., its general partner
		

		
			 
		

		
			 
		

		
			By:/s/ Stanley Silverstein             
		

		
			 
		

		
			 
		

		
			 
		

		
			Warnaco Italy, S.r.l.
		

		
			(Successor to CK Jeanswear Europe S.r.l.)
		

		
			 
		

		
			 
		

		
			By:/s/ Stanley Silverstein             
		

		
			 
		

		 

		

			 

		

		

			2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00206-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00206-of-00352.parquet"}]]