Document:

Employment Agreement Henry Chu

 EXHIBIT 10.8 
 TARRANT APPAREL GROUP 
 (d.b.a Fashion Resource) 
 3151 E. Washington Boulevard, Los Angeles, CA 90023 
 Tel: (323) 881-0325 ·
Fax: (323) 881-0332 
 Our Ref TA/PR-S/0050/CHL 
 22 September 2008 
 PRIVATE & CONFIDENTIAL 
 Mr Chu Hok Ling, Henry 
 16 Durham Road 
 Kowloon Tong

 Kowloon 
 Hong Kong 
 Dear Mr Chu 
 Employment Contract 
 It is our pleasure to renew the term of your employment as President of Tarrant Company Limited (“the Company”), a subsidiary company of Tarrant
Apparel Group (“the Group”), for 2 years commencing from 19 September 2008 under the following terms and conditions: 
  

	1.	You will be responsible for overseeing the business activities and operation of the Company. The Group’s management will review with you from time to time the missions and
expectations to be accomplished. 

  

	2.	Your salary will be HKD 200,000 per month but be reviewed In December, 2008. 

  

	3.	In addition to paid public holidays, you will be entitled to annual leave of 12 working days every calendar year. 

  

	4.	You will be entitled to enrollment in the Company’s Group Medical Insurance Scheme and the Company’s Mandatory Provident Fund Scheme. 

  

	 5.
	 You will be entitled to discretionary incentive payments to be distributed from the Company’s Incentive Plan,
including the 13th month. 

	6.	This Employment Contract will be, upon completion of the 2-year term, automatically renewed on an annual basis thereafter. Either party who wishes to terminate the contract has
to give 2 months’ advance notice in writing to the other party. 

  

	7.	The Company may terminate employment at any time without notice or payment in lieu of notice if you disobey a lawful and reasonable order of direction, misconduct yourself, or are
guilty of any act of dishonesty or are habitually negligent in conducting your duties. In the event of such termination, the Company shall not be liable to pay any compensation. 

  

	8.	During the term of the employment with the Company, you agree not to be employed or engaged by any other person, firm or company which is in competition with the Company and the
Group or to acquire any interest in any other undertaking carrying on business of similar nature or in competition with the Company and/or the Group or the Group’s associated companies without prior consent of the Board of Directors.

  

	9.	You shall not during your employment or at any time after its termination for any reason whatsoever disclose to any person or persons whatsoever or otherwise make use of any
confidential or secret information not limited to details of the Company’s end-buyers or suppliers which you have or may in the course of your employment become possessed relating to the Company and/or the Group and/or any of its associated
companies, or relating to know-how, inventions or improvements or other matters connected with the products or services manufactured, marketed, provided or obtained by the Company and/or the Group and/or any of its associated companies or any others
of its or their suppliers, agents, distributors or customers. 

  

	10.	You must declare to the Company any financial interests, direct or indirect, which you or members of your immediate family have, in any business or other organizations which compete
with the Company and/or the Group or with which the Company and/or the Group has business dealings. 

  

	11.	You shall not without the prior consent of the Board of Directors whether alone or jointly with any other person or persons directly or indirectly in Hong Kong and/or U.S.A. during
and for a period of 12 months after the termination for whatsoever reason of your employment: 

  

	 	i.	engage in any business concern which shall be in competition with the Company and/or with the Group and/or with any of its associated companies; 

  

	 	ii.	 canvass, solicit or approach or cause to be canvassed or solicited or approached 

	 	 
for orders in respect of any services provided or any goods dealt in by the Company and/or the Group and/or any of its associated companies in respect of the
provision or sale of which you may have been engaged during your employment with the Company and/or the Group and/or any of its associated companies, any person or persons who at the date of termination hereof or within one year prior to such date
is or was a client or customer, supplier or sub-contractor of the Company and/or the Group and/or any of its associated companies; 

  

	 	iii	interfere or take such steps as may interfere with the continuance of supplies to the Company and/or the Group and/or any of its associated companies from any suppliers or
sub-contractors who have been supplying materials or services, or manufacturing goods for the Company, and/or the Group and/or any of its associated companies; 

  

	 	iv.	solicit or endeavour to solicit or entice away from the Company and/or the Group and/or any of its associated companies any employees of the Company and/or the Group and/or any of
its associated companies: 

  

	 	v.	deal with any person or persons who or which at any time during the period of one year prior co such date have been in the habit of dealing with the Company and/or the Group and/or
any of its associated companies. 

 The Company reserves its right to take appropriate legal actions against you for any damages
and costs arisen, should you breach this term of employment. 
  

	13.	On leaving employment, you should return to the Company all property, documents and correspondence, belonging to or relating to the Company, its business or affairs.

  

	14.	The terms and conditions set out herein shall be in substitution for any subsisting agreement or arrangement or representation (oral or otherwise) made between you and the Company,
which shall be deemed to have been terminated by mutual consent as from the date of your acceptance of the terms and conditions set out in this Contract. 

  

	15.	This Contract is construed and governed by the laws of the Hong Kong Special Administrative Region of the People Republic of China. 

 Please sign and return a copy of this Employment Contract to us as your acceptance of appointment. 
  

					
	Yours sincerely	 		  	Signed & Confirmed by:
	 For & on behalf of
 Tarrant Company
Limited
	 		  	
			
	 /s/ Todd Kay
	 		  	 /s/ Chu Hok Ling, Henry

	Todd Kay	 		  	Chu Hok Ling, Henry
	Vice Chairman	 		  	Date
	Tarrant Apparel GroupAmendment No. 6 to Loan and Security Agreement

 EXHIBIT 10.13.6 
 AMENDMENT NO. 6 TO LOAN AND SECURITY AGREEMENT 
 This AMENDMENT NO. 6 TO LOAN AND SECURITY AGREEMENT
(this “Amendment”) is entered into as of November 10, 2008 by and among TARRANT APPAREL GROUP, a corporation organized under the laws of the State of California (“Holding”), FASHION RESOURCE (TCL), INC., a
corporation organized under the laws of the State of California (“Fashion”), TAG MEX, INC., a corporation organized under the laws of the State of California (“Tag Inc.”), PRIVATE BRANDS, INC., a corporation
organized under the laws of the State of California (“Private”; and together with Holding, Fashion and Tag Inc., each individually a “Borrower” and collectively, the “Borrowers”), the financial
institutions which are now or which hereafter become a party to the Loan Agreement (as hereinafter defined) (each a “Lender” and collectively, the “Lenders”), GMAC COMMERCIAL FINANCE LLC, a limited liability company
organized under the laws of the State of Delaware (“GMAC CF”), as agent for the Lenders (GMAC CF, in such capacity, “Agent”). 
 WHEREAS, the Borrowers, Lenders, and Agent have entered into certain financing arrangements pursuant to certain financing agreements, including, without limitation, that certain Loan and Security Agreement dated as of
June 16, 2006 (as the same may now exist, or may hereafter be amended, restated, renewed, extended, supplemented, substituted, or otherwise modified, the “Loan Agreement”; together with all of the notes, guarantees, mortgages,
instruments, agreements and other documents executed and/or delivered in connection therewith, as the same may now exist, or may hereafter be amended, restated, renewed, extended, supplemented, substituted, or otherwise modified, the
“Financing Agreements”); and 
 WHEREAS, the Borrowers have requested that Agent and the Lenders amend and modify certain
provisions of the Financing Agreements to which they are a party and Agent and the Lenders have agreed to accommodate the Borrowers’ requests, subject to the terms and conditions of this Amendment; 
 NOW, THEREFORE, upon the mutual agreements and covenants set forth herein and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto agree as follows: 
 1. Definitions. Capitalized terms not otherwise defined
herein shall have the meanings ascribed to such terms in the Loan Agreement. 
 2. Amendment to Loan Agreement. Effective as of
September 30, 2008, the Loan Agreement is hereby amended by deleting the reference to the amount “$7,100,000” set forth opposite the date “September 2008” contained in Section 6.8(b) (“Minimum EBITDA”) of the
Loan Agreement and substituting the following therefor: “$5,000,000”. 
 3. EBITDA Calculation. Exhibit A attached
hereto sets forth the calculation of EBITDA for the twelve month period ended September 30, 2008. Such calculation is acceptable to Agent and the Lenders. 

 4. Amendment Fee. In consideration hereof, Borrowers shall pay to Agent, for the ratable
benefit of the Lenders, an amendment fee in the amount of $5,000 (the “Fee”), which Fee shall be fully earned, and due and payable, on the date hereof, shall be charged by Agent to the Borrowers’ Account on the date hereof and
shall not be subject to refund, rebate or proration for any reason whatsoever. 
 5. Representations, Warranties and Covenants.
The Borrowers represent, warrant and covenant with and to Agent and the Lenders as follows, which representations, warranties and covenants are continuing and shall survive the execution and delivery hereof, the truth and accuracy of, or compliance
with each, together with the representations, warranties and covenants in the other Loan Agreements, being a condition of the effectiveness of this Amendment and a continuing condition of the making or providing of any Revolving Advances or Letters
of Credit by the Lenders to the Borrowers: All of the representations and warranties set forth in the Loan Agreement, as amended hereby, and the other Financing Agreements, are true and correct in all material respects after giving effect to the
provisions hereof, except to the extent any such representation or warranty is made as of a specified date, in which case such representation or warranty shall have been true and correct as of such date. 
 6. Conditions Precedent. The effectiveness of this Amendment and the agreement of Agent and the Lenders to the modifications and amendments
set forth in this Amendment are subject to the fulfillment of the following conditions precedent: 
 (a) No Event of Default or Default shall
have occurred and be continuing on the date of this Amendment, or would exist after giving effect to the transactions contemplated under this Amendment; and 
 (b) Agent shall have received counterparts of this Amendment duly executed and delivered by the Borrowers, Agent and the Lenders. 
 7. Effect of this Amendment. Except as specifically set forth herein, no other changes or modifications to the Financing Agreements are intended or implied, and, in all other respects, the Financing
Agreements shall continue to remain in full force and effect in accordance with their terms as of the date hereof. This Amendment, and the instruments and agreements delivered pursuant hereto and thereto constitute the entire agreement of the
parties with respect to the subject matter hereof and thereof, and supersede all prior oral or written communications, memoranda, proposals, negotiations, discussions, term sheets and commitments with respect to the subject matter hereof and
thereof. Except as specifically set forth herein, nothing contained herein shall evidence a waiver or amendment by Agent or the Lenders of any other provision of the Financing Agreements. Without limiting the foregoing, nothing herein contained
shall, or shall be deemed to, waive any Event of Default of which Agent or any Lender does not or do not have actual knowledge as of the date hereof, or any event or circumstance which with notice or passage of time, or both, would constitute an
Event of Default. Agent and the Lenders may waive any of such Events of Default, but only in a specific writing signed by Agent and the Lenders. 
  

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 8. Further Assurances. The Borrowers shall execute and deliver such additional documents
and take such additional action as may be reasonably requested by Agent to effectuate the provisions and purposes of this Amendment. 
 9.
Binding Effect. This Amendment shall be binding upon and inure to the benefit of each of the parties hereto and their respective successors and assigns. 
 10. Governing Law. The rights and obligations hereunder of each of the parties hereto shall be governed by and interpreted and determined in accordance with the internal laws of the State of New York
(without giving effect to principles of conflict of laws). 
 11. Counterparts. This Amendment may be signed in counterparts,
each of which shall be an original and all of which taken together constitute one agreement. In making proof of this Amendment, it shall not be necessary to produce or account for more than one counterpart signed by the party to be charged. Any
signatures delivered by a party by facsimile transmission or by electronic mail transmission shall be deemed an original signature hereto. 
 [Remainder of Page Intentionally Left Blank] 
  

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 Each of the parties has signed this Amendment as of the day and year first above written. 
  

			
	TARRANT APPAREL GROUP
		
	By:	 	 /s/ Patrick Chow

	Name:	 	Patrick Chow
	Title:	 	Chief Financial Officer
	
	FASHION RESOURCE (TCL), INC.
		
	By:	 	 /s/ Patrick Chow

	Name:	 	Patrick Chow
	Title:	 	Chief Financial Officer
	
	TAG MEX, INC.
		
	By:	 	 /s/ Patrick Chow

	Name:	 	Patrick Chow
	Title:	 	Chief Financial Officer
	
	PRIVATE BRANDS, INC.
		
	By:	 	 /s/ Patrick Chow

	Name:	 	Patrick Chow
	Title:	 	Chief Financial Officer
	
	 GMAC COMMERCIAL FINANCE LLC,
 as Agent
and a Lender

		
	By:	 	 /s/ David Grabosky

	Name:	 	David Grabosky
	Title:	 	Vice President
	
	 UPS CAPITAL CORPORATION,
 as a Lender

		
	By:	 	 /s/ John P. Holloway

	Name:	 	John P. Holloway
	Title:	 	Director of Portfolio Management

  

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