Document:

EX-10.94

Exhibit 10.94

PORTIONS OF THIS EXHIBIT 10.94 MARKED BY AN *** HAVE BEEN OMITTED

PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND FILED

SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION

 

 

 

CONFIDENTIAL TREATMENT REQUESTED BY THE WARNACO GROUP, INC.

DMG

Brazil SMG

7 May 07/ 26 Jul 07/

24 Oct 09/8 Jun 10/30 Jun 10/7 Dec 10

Revised May 3, 2011/17 May 11

Calvin Klein, Inc. (“CKI”), and each of Calvin Klein Jeanswear Company (“CKJC”) and CKJ Holdings
Inc. (“CKJ Holdings”), collectively “CKJC Parties,” hereby agree to amend the existing Jeanswear
Apparel License, as amended (“Master Jeanswear Wholesale License”) and the existing Central and
South America Retail Store License Agreement, as amended (“Master Jeans Store License”); (and
collectively “Master Jeans Licenses”), for the sole purpose of sublicensing the respective
provisions of each to the Brazilian sublicensee (WBR Industria E Comercio De Vestuario S.A. aka BRW
Industria E Comercio Ltda. “WBR”), under its four (4) agreements related to jeanswear apparel and
jeanswear stores, (collectively “Sublicenses”) and the CKI/CKJC Parties revised Consent Letter of 8
March 2005 (“Consent”) only (and following acquisition of all of WBR by CKJ Holdings from and after
1 January 2010, only through 31 December 2010, and as to and in Brazil only, as follows:

	1.	 	In addition to the “Articles” covered by the Master Jeans License, certain “Calvin Klein
Jeans” logo’d items of women’s belts, men’s belts, and/or women’s handbags (but in no event
luggage or other tote bags, messenger bags or other similar items and no other goods),
as specified on Schedule Ancillary Articles attached, and as are specifically approved by the
CKJC Parties and CKI in writing in advance, shall be added as “Articles” on a
non-exclusive seasonal basis only, for the sole purpose of sublicensing the same to
WBR, for the limited production by or under the direction of WBR for, and limited sale by or
under the direction of WBR only in, those free standing Calvin Klein Jeans Stores
operated and maintained by or under the direction of WBR in Brazil under its Retail Store
Space Agreement and the Retail Copyright License Agreement, through 31 December 2009, and
thereafter through 31 December 2010 only, for the limited production and sale only in
(i) those free standing Calvin Klein Jeans stores operated and maintained by or under the
direction of CKJ Holdings (or its affiliates) in Brazil under the Master Jeans Store License,
or (ii) sublicensed thereby, or (iii) for sale only in approved accounts for the “Calvin Klein
Jeans” jeanswear apparel under the Sublicenses; each on the conditions set forth herein as
applicable.

	2.	 	Ancillary Articles are not includible or to be included as Net Sales for purposes of
attaining the “Minimum Net Sales” thresholds for the Central and South American regions, or
otherwise, under the Master Jeans Wholesale License.

	3.	 	WBR and CKJC (directly or by and through WBR), as applicable will be obligated to remit the
amount of ***.

	4.	 	Net Sales and such Store Fees and the Percentage Fees shall be accounted for and paid under
the Retail Copyright License Agreement, or Sublicenses separately from the other amounts
under the Sublicenses, and under the Master Jeans Store License, as applicable but subject
to the same requirements and provisions applicable to Articles thereunder (and as applicable
to
Articles produced under WBR’s jeanswear apparel Sublicense or under the Master Jeanswear
Wholesale License, as applicable), including but not limited to those applicable to audits,
computation and payment of interest and collection of overdue or under-reported amounts of Net
Sales or Percentage Fees thereunder.

 

 

 

CONFIDENTIAL TREATMENT REQUESTED BY THE WARNACO GROUP, INC.

	5.	 	Each and both of the CKJC Parties agree to promptly remit to CKI these amounts to CKI on a
timely basis, and each and both of the CKJC parties herein agree, and as provided in the
Consent, to comply with their obligations as a “Sublicensor” as to all of the provisions
hereof and under the contemplated Sublicenses’ amendments, and to ensure compliance by WBR in
accordance with the terms and conditions of all of the agreements referenced, as well those
described and contemplated herein.

	6.	 	This license shall terminate automatically upon termination of the Master Jeans License or
the Master Jeans Store License, and in all circumstances not later than 31 December 2010,
provided all amounts due thereunder, and all surviving obligations thereunder, shall remain
due and payable, or otherwise survive, hereunder.

The applicable parties have executed these amendments to the Master Jeans License and the Master
Jeans Store License, to be effective as of 1 October 2009, this 31st day of October 2011.

	 	 	 	 	 
	 	Calvin Klein, Inc.

 	 
	 	By:  	/s/ Tom Murry
 	 
	 
	 	Calvin Klein Jeanswear Company

 	 
	 	By:  	/s/ Stanley Silverstein
 	 
	 	 	 	 
	 	CKJ Holdings, Inc.

 	 
	 	By:  	/s/ Stanley Silverstein
 	 
	 	 	 	 
	 	 	 	 
	 

 

 

 

CONFIDENTIAL TREATMENT REQUESTED BY THE WARNACO GROUP, INC.

Schedule Ancillary Articles

Single Style of product as noted below:

	A.	 	Men’s Belt #1

	 
	B.	 	Men’s Belt #2

	 
	C.	 	Women’s Handbag #1

	 
	D.	 	Women’s Belts #1 through #5

	 
	E.	 	Tote Bag #2

	 
	F.	 	Men’s Wallet #1

	 
	G.	 	Women’s Wallet

	 
	H.	 	Women’s Nylon Bag #1 and Quilted Bags #2 through #5EX-10.95

Exhibit 10.95

PORTIONS OF THIS EXHIBIT 10.95 MARKED BY AN *** HAVE BEEN OMITTED 

PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND FILED 
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION

 

 

 

CONFIDENTIAL TREATMENT REQUESTED BY THE WARNACO GROUP, INC.

DMG

CKI/CKJE et al

Jeans Acc — C&SA

11 Jan 11/26 Apr 11/2 Jun 11/9 Jun 11/16 Jun 11/12 Aug 11/12 Sep 11

D#6B

31 October 2011

Warnaco Italy S.r.l. f/k/a

CK Jeanswear Europe S.r.l. (“CKJE”)

Via Provinciale Lucchese, 181/11

Sesto Fiorentino, Florence

Italy 50019

CK Jeanswear Asia Limited et al. (“CKJA Group”)

Units 3602-3603, The Centrium

60 Wyndham Street, Central

Hong Kong

Warnaco B.V. f/k/a CK Jeanswear N.V. (“CKJNV”)

Strawinskylaan 3051 (Atrium Building)

1077 ZX Amsterdam, The Netherlands

WF Overseas Fashion C.V. (“WFOF”)

501 Seventh Avenue

New York, New York 10018

United States

Calvin Klein Jeanswear Company (“CKJC”)

501 Seventh Avenue

New York, New York 10018

United States

CKJ Holdings, Inc. (“CKJH”)

501 Seventh Avenue

New York, New York 10018

United States

			
	      Re:	 	Calvin Klein Inc. (“CKI” or “Licensor”) and CKJE, CKJA and WFOF “Calvin Klein
Jeans” Jeans Accessories License d. 31 Jan 06 as amended (“Jeans Accessories License”)

			
		 	CKI and WFOF “Calvin Klein Jeans” Jeans Accessories only Store License, for
the sale therein of Jeans Accessories Articles only d. 31 January 2008
(“Jeans Accessories C & SA Store License”)

			
		 	CKI and CKJC and CKJH “Calvin Klein Jeans” Jeans Apparel license d. 4 August 1994,
as amended (“Jeans Apparel License”)

			
		 	CKI and CKJC and CKJH, Calvin Klein Jeans Apparel Store License, d. 26 July 2004 as
amended (“Jeans Apparel C & SA Store License”)

 

 

 

CONFIDENTIAL TREATMENT REQUESTED BY THE WARNACO GROUP, INC.

Ladies and Gentlemen:

CKI on the one hand and CKJE, CKJA and WFOF or CKJC and CKJH and WFOF (for themselves and their
100% owned affiliates) on the other hand (hereinafter collectively as “Licensee”), are parties to a
number of licenses as captioned above, including one for the production and wholesale sale of
“Calvin Klein Jeans” jeans accessories articles, and one for free standing “Calvin Klein Jeans”
jeans accessories only stores.

The parties agree, effective as of the 1st day of January 2011, upon full execution
hereof, to amend the Jeans Accessories License, to expand the Territory to include certain Central
and South American countries as set forth below as an additional region (“C&S America” or “C&SA
Region”), under certain conditions as set forth herein (“Amendment”) and otherwise as set forth in
such Jeans Accessories License.

1. As to the C&SA Region, Licensed Products shall include those from each seasonal Collection under
the Jeans Accessories License together with those jeans accessories localized Products as
referenced in §10 below, as approved by CKI.

2. The specific countries listed below, in C&S America shall, subject to the terms of this
Amendment, be added to the Territory.

	 	 	 
	Central America	 	South America
	Belize
	 	Argentina
	British West Indies
	 	Bolivia
	Leeward Islands
	 	Brazil
	Anguilla, Barbudo, St. Kitts
	 	Chile
	(St. Christopher), Nevis
	 	Colombia
	Windward Islands
	 	Ecuador
	Grenada, St. Vincent, St. Lucia
	 	French Guyana
	Costa Rica
	 	Guyana
	Greater Antilles
	 	Paraguay
	Haiti
	 	Peru
	Dominican
	 	Suriname
	Republic
	 	 
	Grand Cayman
	 	Uruguay
	Island
	 	 
	Little Cayman
	 	Venezuela
	Island
	 	 
	Jamaica
	 	 
	Guatemala
	 	 
	El Salvador
	 	 
	Honduras
	 	 
	Nicaragua
	 	 
	Panama
	 	 
	Tortola
	 	 
	Virgin Gorda
	 	 
	(but specifically  excluding
	 	 
	Cuba)
	 	 

 

 

 

CONFIDENTIAL TREATMENT REQUESTED BY THE WARNACO GROUP, INC.

3. CKJE and WFOF and CKJC and CKJH (for themselves and their 100% affiliates within the Warnaco
family of companies), as applicable, agree that the Licensee under the applicable wholesale and
production license shall maintain a showroom in Sao Paulo, Brazil for the purpose of displaying,
promoting and selling to accounts in C&S America the following products: the Licensed Products
(which may include a separate area for or be near to the showroom for the “Calvin Klein Jeans”
jeans apparel Articles under the Jeans Apparel License).

4. The Minimum Net Sales Thresholds (“MNST’s”) for the C&SA Region (which are separate and apart
from the other MNST’s under the Jeans Accessories License) for each Annual Period are as indicated
below:

	 	 	 	 	 	 	 	 	 
	Annual Period	 	Year	 	 	Minimum Net Sales Thresholds*	 
	***
	 	 	***	 	 	 	***	 
	***
	 	 	***	 	 	 	***	 
	***
	 	 	***	 	 	 	***	 
	***
	 	 	***	 	 	 	***	 
	***
	 	 	***	 	 	 	***	 
	***
	 	 	***	 	 	 	***	**
	***
	 	 	***	 	 	 	***	**
	***
	 	 	***	 	 	 	***	**

	 	 	 
	*	 	***

	 
	**	 	***

If Licensee fails to attain the MNST’s of Licensed Products in the C&SA Region during any Annual
Period, as set forth above (except as specifically indicated in the immediately following
paragraph), such failure shall not be considered a breach or default nor give rise to the right to
terminate under §8.3 (I) or the best efforts provision of §1.5.1 for such Annual Period, if within
thirty (30) days following the close of the applicable Annual Period in which Licensee has failed
to meet such MNST amounts, Licensee shall remit additional “shortfall” Percentage Fees computed at
the regular Percentage Fee rate, and short fall Advertising Expenditure amounts, computed at the
regular percentage rate, based on the difference in the actual Net Sales during such Annual Period
(determined on the quarterly basis and year to date basis as to Percentage

 

 

 

CONFIDENTIAL TREATMENT REQUESTED BY THE WARNACO GROUP, INC.

Fees on sales) and such MNST amount without regard to Minimum Guaranteed Fees and Minimum
Advertising Expenditures paid or payable as to such Annual Period (or reduced Percentage Fee rates
for certain close-outs goods as applicable), for the C&SA Region. Licensor shall have no right to
terminate this Agreement for the C&SA Region pursuant to §8.3 (I) or pursuant to §1.5.1 solely as a
result of failure to attain the MNST’s, if Licensee timely remits the shortfall payments
described herein.

Notwithstanding the foregoing, if Licensee has failed to achieve the MNST’s set forth above for the
C & SA Region in the *** consecutive Annual Periods of the then current *** year period under the
Jeans Accessories License (i.e., ***, ***, *** consecutive Annual Periods), or the MNST’s for the
*** consecutive Annual Periods (or the ***, *** consecutive Annual Periods) of the then current ***
year period, CKI may, on twelve (12) months prior written notice in either instance, terminate this
Agreement for the C&SA Region. Expiration or termination of the C&SA Region, or of the Jeans
Accessories License, shall not affect any obligation of the Licensee to make payments hereunder
accruing prior to such expiration or termination.

Net Sales in the C&SA Region will not be applied towards satisfaction of the other MNST’s under
§2.1 of the Jeans Accessories License.

5. The Percentage Fee rate applicable to all Net Sales for the C&SA Region shall be at the
rate of ***.

Percentage Fees and advertising and other expenditure and/or remittable amounts such as for co-op
and public relations amounts will be accounted for separately but payable or expendable and/or
remittable at the rate of ***.

§4.1.4 of the Jeans Accessories License ***, is hereby deleted in its entirety.

6. All caps, limits and percentage limits under the Jeans Accessories License applicable to
discounts, deductions, reduced Percentage Fee rates (i.e. for OP sales of Close-out Articles) shall
be separately applied to the Net Sales in C&SA Region from the rest of the Territory.

7. The MGF’s in the C&SA Region for each Annual Period shall be as indicated below (and payable as
set forth in §4.1.3 under the Jeans Accessories License), and may be credited towards earned
Percentage Fees on Net Sales in the C & SA Region only.

	 	 	 	 	 	 	 	 	 
	Annual Period	 	Year	 	 	Minimum Guaranteed Fee (MGF) (US$)	 
	***
	 	 	***	 	 	 	***	 
	***
	 	 	***	 	 	 	***	 
	***
	 	 	***	 	 	 	***	 
	***
	 	 	***	 	 	 	***	 
	***
	 	 	***	 	 	 	***	 
	***
	 	 	***	 	 	 	***	**
	***
	 	 	***	 	 	 	***	**

 

 

 

CONFIDENTIAL TREATMENT REQUESTED BY THE WARNACO GROUP, INC.

	 	 	 	 	 	 	 	 	 
	Annual Period	 	Year	 	 	Minimum Guaranteed Fee (MGF) (US$)	 
	***
	 	 	***	 	 	 	***	**
	***
	 	 	***	 	 	 	***	**
	***
	 	 	***	 	 	 	***	**
	***
	 	 	***	 	 	 	***	**

	 	 	 
	**	 	***

8. The MAE for each Annual Period, for the C & SA Region shall be as provided below as to the
minimum dollar amounts and otherwise as provided under §5.1.2, and may be credited towards earned
advertising amounts on Net Sales in the C & SA Region only.

	 	 	 	 	 	 	 	 	 
	Annual Period	 	Year	 	 	Minimum Advertising Expenditure	 
	***
	 	 	***	 	 	 	***	 
	***
	 	 	***	 	 	 	***	 
	***
	 	 	***	 	 	 	***	 
	***
	 	 	***	 	 	 	***	 
	***
	 	 	***	 	 	 	***	 
	***
	 	 	***	 	 	 	***	 

9. The various amounts payable, expendable or reimbursable to CKI by Licensee (e.g. under §6.8,
§7.5.2) as to any and all other expenditures and out-of-pocket reimbursement and travel and related
(e.g. room and board) costs and expenses and maximum and/or annual amounts referenced or
contemplated thereunder, shall apply separately and in addition to those “limits”
referred to therein, (as applicable to such provision which relate to seasonal Collections of
Licensed Products and to anti-counterfeiting and similar matters), for the C & SA Region (e.g.
§6.8, US$25,000 maximum amount referenced shall apply separately up to US$25,000 as to the
C & SA Region).

10. The parties agree to reasonably co-operate with each other in connection with requests by
Licensee or recommendations of CKI for additions of localized Products in accordance with the usual
development, production, and various review and approval procedures related to the seasonal
collections of Licensed Products. Licensee acknowledges that CKI will incur additional costs and
expenses (including without limitation additional travel costs and expenses) in connection with the
development, review and approval of any such localized Products, and Licensee agrees to pay (or
reimburse) CKI such additional costs and expenses in accordance with the Jeans Accessories License.
The provisions of §5.4 of the Jeans Accessories License relating to samples, shall separately and
additionally apply as to the C&S America and seasonal Collections of Licensed Products and Promo
Articles.

11. In addition to any and all other termination provisions under the Jeans Accessories License,
this Amendment and the C&SA Region as part of the Territory shall terminate automatically and
forthwith on the earliest to terminate of:

 

 

 

CONFIDENTIAL TREATMENT REQUESTED BY THE WARNACO GROUP, INC.

	 	(i)	 	Central America & South America collectively (or either
Central America or South America separately) under the Jeans Apparel License,

	 
	 	(ii)	 	the Jeans Apparel License,

12. The side letter dated 31 January 2008 to the Jeans Accessories License allowing sales
from Europe into C & S America for sales only into the C & S America Jeans
Accessories only stores shall terminate effective 1 January 2011.

13. Except as set forth herein, the Jeans Accessories License, shall remain in full force and
effect. Capitalized terms used herein and not otherwise defined herein, shall have the same meaning
as set forth in the Jeans Accessories License. This Amendment may not be modified or terminated
except in by written amendment signed and delivered by the parties.

	 	 	 	 	 
	 	Very truly yours,

Calvin Klein, Inc.

 	 
	 	By:  	/s/ Tom Murry
 	 

Acknowledged and Agreed to:

Warnaco Italy S.r.l.

	 	 	 	 	 
	By:

	 	/s/ Stanley Silverstein
 

	 	 

CK Jeanswear Asia Limited (for itself and certain affiliates i.e. CKJ Korea, CKJ Australia, CKJ
Shanghai)

	 	 	 	 	 
	By:

	 	/s/ Stanley Silverstein
 

	 	 

WF Overseas Fashions C.V.

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

	 	 	 	 	 
	By:

	 	/s/ Stanley Silverstein
 

	 	 

Warnaco B.V.

	 	 	 	 	 
	By:

	 	/s/ Ericka Alford
 

	 	 

Calvin Klein Jeanswear Company

	 	 	 	 	 
	By:

	 	/s/ Stanley Silverstein
 

	 	 

 

 

 

 CONFIDENTIAL TREATMENT REQUESTED BY THE WARNACO GROUP, INC.

CKJ Holdings, Inc.

	 	 	 	 	 
	By:

	 	/s/ Stanley Silverstein

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