Document:

Employment Agreement between Broder Bros., Co. and Thomas Myers

 EXHIBIT 10.1 
 BRODER BROS., CO. 
 EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT is made as of September 1, 2006 between Broder Bros., Co., a Michigan corporation (the “Company”), and
Thomas Myers (“Executive”). 
 In consideration of the mutual covenants contained herein and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Employment. The
Company shall employ Executive, and Executive hereby accepts employment with the Company, upon the terms and conditions set forth in this Agreement for the period beginning on the date hereof and ending as provided in paragraph 4 hereof (the
“Employment Period”). 
 2. Position and Duties. 
 (a) During the Employment Period, Executive shall serve as the Chief Executive Officer and President of the Company and shall have the normal duties,
responsibilities, functions and authority of the Chief Executive Officer and President, subject to the power and authority of the Company’s Board of Directors (the “Board”) to expand or limit such duties, responsibilities,
functions and authority and to overrule actions of officers of the Company. During the Employment Period, Executive shall render such administrative, financial and other executive and managerial services to the Company and its Subsidiaries which are
consistent with Executive’s position as the Board may from time to time direct. In addition, during the Employment Period, Executive shall also serve as a member of the Board (provided, that Executive may be removed from the Board in connection
with a termination of Executive’s employment). 
 (b) Executive shall report to the Board and Executive shall devote his best efforts
and his full business time and attention (except for permitted vacation periods and reasonable periods of illness or other incapacity) to the business and affairs of the Company and its Subsidiaries. Executive shall perform his duties,
responsibilities and functions to the Company and its Subsidiaries hereunder to the best of his abilities in a diligent, trustworthy, professional and efficient manner and shall comply with the Company’s and its Subsidiaries’ policies and
procedures in all material respects. In performing his duties and exercising his authority under the Agreement, Executive shall exercise diligent efforts to support and implement the business and strategic plans approved from time to time by the
Board and shall support and cooperate with the Company’s and its Subsidiaries’ efforts to expand their businesses and operate profitably and in conformity with the business and strategic plans approved by the Board. So long as Executive is
employed by the Company, Executive shall not, without the prior written consent of the Board, perform other services for compensation. Unless otherwise agreed by Executive, Executive’s place of work shall be in the greater Philadelphia,
Pennsylvania metropolitan area, except for travel reasonably required for Company business. 

 (c) For purposes of this Agreement, “Subsidiaries” shall mean any corporation or other
entity of which the securities or other ownership interests having the voting power to elect a majority of the board of directors or other governing body are, at the time of determination, owned by the Company, directly or through one of more
Subsidiaries. 
 (d) Executive shall also be entitled to purchase common stock of the Company equaling 22.5% of the employee option pool (the
“Executive Options”) in connection with the Company’s 2004 Executive Stock Option Plan (the “Executive Option Plan”) and issued to Executive pursuant to the Company’s standard form of Executive Stock
Option Agreement. Executive will not be required to make a coinvestment in the Company in order to be eligible to purchase the Executive Options. 
 3. Compensation and Benefits. 
 (a) Commencing on September 1, 2006 and throughout the Employment Period,
Executive’s base salary shall be $350,000 per annum and shall be subject to the review by the Board on an annual basis commencing January 1, 2007 (as adjusted from time to time, the “Base Salary”), which salary shall be
payable by the Company in regular installments in accordance with the Company’s general payroll practices (in effect from time to time). In addition, during the Employment Period, Executive shall be entitled to participate in all of the
Company’s employee benefit programs for which senior executive employees of the Company and its Subsidiaries are generally eligible, which shall not be materially less favorable in the aggregate then those employee benefit programs in place at
the Company prior to the date hereof; provided, however, that Executive shall be entitled to five (5) weeks paid-vacation per calendar year. Promptly following execution of this Agreement, Executive shall be paid a one-time payment of $66,667
as a signing bonus. 
 (b) During the Employment Period, the Company shall reimburse Executive for all reasonable business expenses incurred
by him in the course of performing his duties and responsibilities under this Agreement which are consistent with the Company’s policies in effect from time to time with respect to travel, entertainment and other business expenses, subject to
the Company’s requirements with respect to reporting and documentation of such expenses. 
 (c) In addition to the Base Salary, during
each year during the Employment Period beginning with the year ending December 31, 2006, Executive will participate in a bonus plan to be approved by the Board, which plan will provide Executive with an opportunity to earn an annual bonus of at
least 100% of Base Salary in each such year (the “Target Bonus”). 
 (d) If, within twelve (12) months from the date
hereof, Executive relocates his permanent residence from Boston, Massachusetts to the Philadelphia, Pennsylvania area, the Company shall reimburse Executive for all reasonable expenses incurred by him in connection with the relocation of his
permanent residence from Boston, Massachusetts to the Philadelphia, Pennsylvania area, including any costs associated with the packing and transportation of household goods. 
  

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 4. Term. 
 (a) The Employment Period (i) shall terminate upon Executive’s resignation (with or without Good Reason, as defined below), death or Disability and (ii) may be terminated by the Board at any time for
Cause (as defined below) or without Cause. The date of the termination of the Employment Period, regardless of the cause or circumstance of such termination, shall be referred to herein as the “Employment Period Termination Date”.

 (b) If the Employment Period is terminated by the Board without Cause (other than as a result of Executive’s Disability), Executive
shall be entitled to: (i) his Base Salary through the Employment Period Termination Date; (ii) payment for all accrued, but unused, vacation days; (iii) payment of any annual bonus earned, but not yet paid by the Company, with respect
to a year ending prior to such termination; (iv) an amount equal to the pro-rata share of Executive’s Target Bonus with respect to the year of such termination; (v) a waiver of the costs of COBRA continuation coverage for 18 months
from the Employment Period Termination Date, plus either (A) six (6) additional months of group health continuation coverage following the end of the COBRA continuation period (at no cost to Executive and otherwise on the same terms as
Executive’s COBRA continuation coverage) or, if such additional coverage is not allowed under the Company’s group health care plan, (B) a cash payment equal to six (6) additional months of group health insurance premiums (to
purchase coverage similar to Executive’s COBRA continuation coverage) payable following the end of the COBRA continuation period; and, (vi) an amount equal to two (2) years of Executive’s then current Base Salary and two
(2) years’ Target Bonus (calculated at the 100% of Base Salary level), payable in no more than twenty-four (24) equal monthly installments (and paid no later than the last day of each calendar month), in accordance with the
Company’s normal payroll practices (then in effect on the Employment Period Termination Date), commencing on the Employment Period Termination Date, in each case if and only if Executive has executed and delivered to the Company a general
release substantially in the form attached hereto as Exhibit I and only so long as Executive has not breached the provisions of paragraphs 5, 6 and 7 hereof. 
 (c) If the Employment Period is terminated upon Executive’s resignation with Good Reason, Executive shall be entitled to: (i) his Base Salary through the Employment Period Termination Date; (ii) payment
for all accrued, but unused, vacation days; (iii) payment of any annual bonus earned, but not yet paid by the Company, with respect to a year ending prior to such termination; (iv) an amount equal to the pro-rata share of Executive’s
Target Bonus with respect to the year of such termination; (v) a waiver of the costs of COBRA continuation coverage for one (1) year from the Employment Period Termination Date; and, (vi) an amount equal to one (1) year of
Executive’s then current Base Salary (not taking into account any reduction giving rise to Executive’s Good Reason basis for resignation) and one (1) year’s Target Bonus (calculated at the 100% of Base Salary level), payable in
no more than twelve (12) equal monthly installments (and paid no later than the last day of each calendar month), in accordance with the Company’s normal payroll practices (then in effect on the Employment Period Termination Date),
commencing on the Employment Period Termination Date, in each case if and only if Executive 
  

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 has executed and delivered to the Company a general release substantially in the form attached hereto as Exhibit I and
only so long as Executive has not breached the provisions of paragraphs 5, 6 and 7 hereof. 
 (d) If the Employment Period is terminated
(1) by the Company for Cause or (2) by Executive’s resignation without Good Reason, Executive shall be entitled to receive his Base Salary through the Employment Period Termination Date. 
 (e) If the Employment Period is terminated due to Executive’s death or Disability, Executive (or, if applicable, his estate or representative) shall
be entitled to: (i) his Base Salary through the Employment Period Termination Date; (ii) payment for all accrued but unused vacation days; (iii) payment of any annual bonus earned, but not yet paid by the Company, with respect to a
year ending prior to such termination; (iv) an amount equal to the pro-rata share of Executive’s Target Bonus with respect to the year of such termination; and, (v) all benefits payable with respect to such death or Disability under
the Company’s welfare plans. 
 (f) Except as otherwise expressly provided herein, Executive shall not be entitled to any other salary,
bonuses, employee benefits or compensation from the Company or its Subsidiaries after the Employment Period Termination Date and all of Executive’s rights to salary, bonuses, employee benefits and other compensation hereunder which would have
accrued or become payable after the Employment Period Termination Date (other than vested retirement benefits accrued on or prior to Employment Period Termination Date, welfare benefit claims incurred prior to such termination or other amounts owing
hereunder as of Employment Period Termination Date that have not yet been paid) shall cease upon such termination, other than those expressly required under applicable law (such as COBRA). Any period of COBRA premium waiver applicable under
Section 4(b)(iv) or Section 4(c)(iv) above shall count against the COBRA coverage period described in Section 29 U.S.C. §1162(2). 
 (g) The Company may offset any amounts Executive owes it or its Subsidiaries against any amounts it or its Subsidiaries owes Executive hereunder. 
 (h) For purposes of this Agreement, “Affiliate” of any Person is any other Person controlled by, controlling or under common control
with such Person. For purposes of this Agreement, “person” shall mean an individual, 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 entity or any department, agency or political subdivision thereof. 
 (i) For purposes of this Agreement,
“Cause” shall mean Executive’s (A) gross misconduct (as defined herein), (B) material breach of paragraphs 5, 6 or 7, or (C) willful and material breach of this Agreement (other than paragraphs 5, 6 or 7) which
is not remedied or cured to the reasonable satisfaction of the Board within 10 days of written notice of such breach. For purposes of this definition, “gross misconduct” shall mean (X) a felony conviction in a court of law under
applicable federal or state laws which results in material damage to the Company and its Subsidiaries or materially impairs the value of Executive’s services to the Company, or (Y) willfully engaging in one or more acts, or willfully
omitting to act in accordance with duties 
  

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 hereunder and reasonable directions given to Executive by the Board, which is demonstrably and materially damaging to the
Company and its Subsidiaries, including acts and omissions that constitute gross negligence in the performance of Executive’s duties under this Agreement, and which is not remedied or cured to the reasonable satisfaction of the Board within 10
days of written notice of such damaging act(s) or omission(s). For purposes of this Agreement, an act or failure to act on Executive’s part shall be considered “willful” if it was done or omitted to be done by him not in good faith,
and shall not include any act or failure to act resulting from any Disability of Executive. 
 (j) Executive will be
“Disabled” only if, as a result of his incapacity due to physical or mental illness, Executive is considered disabled under the Company’s long-term disability insurance plans. 
 (k) For purposes of this Agreement, “Good Reason” shall mean if Executive resigns from employment with the Company and its Subsidiaries
as a result of one or more of the following reasons: (i) the Company reduces the amount of the Base Salary (as in effect on the date hereof and as the same may be increased from time to time) or Target Bonus without Executive’s written
consent, other than a reduction in salary of no more than 10% of Executive’s then current Base Salary done in connection with salary reductions affecting all members of the Company’s executive management team, (ii) the Company
substantially reduces Executive’s authority or responsibilities without Executive’s written consent (whether or not such reduction is permissible under Section 2(a), above), including but not limited to any change in his title of
President and Chief Executive Officer, (iii) the Company changes Executive’s place of work to a location other than the greater Philadelphia, Pennsylvania metropolitan area without Executive’s prior consent, (iv) the Company
assigns to Executive duties inconsistent with his positions without Executive’s written consent (whether or not such assignment is permissible under Section 2(a), above), (v) the failure to pay within fifteen days any Base Salary,
bonus or other compensation or benefit owed to Executive, or (vi) any other material breach by the Company (or its successors) of this Agreement, in each case set forth above which is not cured to Executive’s reasonable satisfaction within
15 days after written notice thereof to the Company; provided that in each case written notice of Executive’s resignation for Good Reason must be delivered to the Company within 45 days after the occurrence of any such event in order for
Executive’s resignation with Good Reason to be effective hereunder. 
 5. Confidential Information. 
 (a) Executive acknowledges that the continued success of the Company and its Subsidiaries and Affiliates, depends upon the use and protection of a large
body of confidential and proprietary information. All of such confidential and proprietary information now existing or to be developed in the future will be referred to in this Agreement as “Confidential Information.” Confidential
Information will be interpreted as broadly as possible to include all information of any sort (whether merely remembered or embodied in a tangible or intangible form) that is (i) related to the Company’s or its Subsidiaries’ or
Affiliates’ current or potential business and (ii) is not generally or publicly known. Confidential Information includes, without specific limitation, the information, observations and data obtained by him during the course of his
performance under this Agreement concerning the business and affairs of the 
  

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 Company and its Subsidiaries and Affiliates, information concerning acquisition opportunities in or reasonably related to
the Company’s or its Subsidiaries’ or Affiliates’ business or industry of which Executive becomes aware during the Employment Period, the persons or entities that are current, former or prospective suppliers or customers of any one or
more of them during Executive’s course of performance under this Agreement, as well as development, transition and transformation plans, methodologies and methods of doing business, strategic, marketing and expansion plans, including plans
regarding planned and potential sales, financial and business plans, employee lists and telephone numbers, locations of sales representatives, new and existing programs and services, prices and terms, customer service, integration processes,
requirements and costs of providing service, support and equipment. Therefore, Executive agrees that he shall not disclose to any unauthorized person or use for his own account any of such Confidential Information without the Board’s prior
written consent, unless and to the extent that any Confidential Information (i) becomes generally known to and available for use by the public other than as a result of Executive’s acts or omissions to act or (ii) is required to be
disclosed pursuant to any applicable law or court order. Executive agrees to deliver to the Company at the end of the Employment Period, or at any other time Board may request in writing, all memoranda, notes, plans, records, reports and other
documents (and copies thereof) relating to the business of the Company or its Subsidiaries or Affiliates (including, without limitation, all Confidential Information) that he may then possess or have under his control. 
 (b) During the Employment Period, Executive shall not use or disclose any confidential information or trade secrets, if any, of any former employers or
any other person to whom Executive has an obligation of confidentiality, and shall not bring onto the premises of the Company or its Subsidiaries or Affiliates any unpublished documents or any property belonging to any former employer or any other
person to whom Executive has an obligation of confidentiality unless consented to in writing by the former employer or person. Executive shall use in the performance of his duties only information that is (i) generally known and used by persons
with training and experience comparable to Executive’s and that is (x) common knowledge in the industry or (y) is otherwise legally in the public domain, (ii) otherwise provided or developed by the Company or its Subsidiaries or
Affiliates or (iii) in the case of materials, property or information belonging to any former employer or other person to whom Executive has an obligation of confidentiality, approved for such use in writing by such former employer or person.
If at any time during this employment with the Company or any Subsidiary, Executive believes he is being asked to engage in work that will, or will be likely to, jeopardize any confidentiality or other obligations Executive may have to former
employers, Executive shall immediately advise the Board so that Executive’s duties can be modified appropriately. 
 (c) Executive
understands that the Company and its Subsidiaries and Affiliates will receive from third parties confidential or proprietary information (“Third Party Information”) subject to a duty on the Company’s and its Subsidiaries’
and Affiliates’ part to maintain the confidentiality of such information and to use it only for certain limited purposes. During the Employment Period and thereafter, and without in any way limiting the provisions of paragraph 5(a) above,
Executive will hold Third Party Information in the strictest confidence and will not disclose to anyone (other than personnel of the Company or its Subsidiaries and Affiliates who need to know such information in connection with their work for the
Company or such Subsidiaries and Affiliates) or use, except in connection with his work for the Company or its Subsidiaries and Affiliates, Third Party Information unless expressly authorized by a member of the Board in writing. 
  

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 6. Intellectual Property, Inventions and Patents. Executive acknowledges that all discoveries,
concepts, ideas, inventions, innovations, improvements, developments, methods, designs, analyses, drawings, reports, patent applications, copyrightable work and mask work (whether or not including any confidential information) and all registrations
or applications related thereto, all other proprietary information and all similar or related information (whether or not patentable) which relate to the Company’s or any of its Subsidiaries’ actual or anticipated business, research and
development or existing or future products or services and which are conceived, developed or made by Executive (whether above or jointly with others) while employed by the Company and its Subsidiaries, whether before or after the date of this
Agreement (“Work Product”), belong to the Company or such Subsidiary. Executive shall promptly disclose such Work Product to the Board and, at the Company’s expense, perform all actions reasonably requested by the Board
(whether during or after the Employment Period) to establish and confirm such ownership (including, without limitation, assignments, consents, powers of attorney and other instruments). 
 7. Non-Compete, Non-Solicitation. 
 (a) In further consideration of the compensation to be paid to Executive hereunder, Executive acknowledges that during the course of his employment with the Company and its Subsidiaries and Affiliates he has and shall become familiar with
the Company’s trade secrets and with other Confidential Information concerning the Company and its Subsidiaries and Affiliates and that his services have been and shall be of special, unique and extraordinary value to the Company and its
Subsidiaries and Affiliates, and, therefore, Executive agrees that, during the Employment Period and for eighteen (18) months thereafter (the “Noncompete Period”), he shall not directly or indirectly, either for himself or for
any other person, partnership, corporation, company or other entity, own any interest in, manage, control, participate in, consult with, render services for, or in any other manner engage in any business or enterprise within North America which
sells and distributes, on a wholesale basis, imprintable sportswear or accessories (any of the foregoing, a “Competitive Activity”), except that in no case shall the foregoing provision apply to activities performed in connection
with the manufacturing or retailing of imprintable sportswear or accessories. For purposes of this Agreement, “participate” includes any direct or indirect interest in any enterprise, whether as an officer, director, employee, partner,
sole proprietor, agent, representative, independent contractor, executive, franchisor, franchisee, creditor, owner or otherwise; provided that the foregoing activities shall not include the passive ownership (i.e., Executive does not directly or
indirectly participate in the business or management of the applicable entity) of less than 2% of the stock of a publicly-held corporation whose stock is traded on a national securities exchange. Executive agrees that the aforementioned covenant is
reasonable with respect to its duration, geographical area and scope. In particular, Executive acknowledges and agrees that the geographic scope of this restriction is necessary to protect the goodwill and Confidential Information of the Company and
its Subsidiaries. 
  

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 (b) During the Noncompete Period, Executive shall not directly or indirectly through another person or
entity (i) induce or attempt to induce any employee of the Company or any Subsidiary to leave the employ of the Company or such Subsidiary, or in any way interfere with the relationship between the Company or any Subsidiary and any employee
thereof, except for general solicitations for employment made to the public, (ii) hire any person who was an employee of the Company or any Subsidiary at any time during the twelve (12) months preceding the hiring of such person, unless
such person’s application was in response to general solicitations made to the public and such person is being hired for a non-executive level position, (iii) induce or attempt to induce any customer, supplier, licensee, licensor,
franchisee or other business relation of the Company or any Subsidiary to cease doing business with the Company or such Subsidiary, or in any way interfere with the relationship between any such customer, supplier, licensee or business relation and
the Company or any Subsidiary (including, without limitation, making any negative or disparaging statements or communications about the Company or its Subsidiaries) or (iv) distribute, on a wholesale basis, imprintable sportswear or accessories
to any customer of the Company or any Subsidiary, except that in no case shall the foregoing provision apply to activities performed by Executive in connection with the manufacturing or retailing of imprintable sportswear or accessories. 

(c) If, at the time of enforcement of paragraph 5, 6 or 7, a court shall hold that the duration, scope or area restrictions stated herein are
unreasonable under circumstances then existing, the parties agree that the maximum duration, scope or area reasonable under such circumstances shall be substituted for the stated duration, scope or area and that the court shall be allowed to revise
the restrictions contained herein to cover the maximum period, scope and area permitted by law. Executive acknowledges that the restrictions contained in this paragraph 7 are reasonable and that he has reviewed the provisions of this Agreement with
his legal counsel. 
 (d) In the event of the breach or a threatened breach by Executive of any of the provisions of this paragraph 7, the
Company would suffer irreparable harm, and in addition and supplementary to other rights and remedies existing in its favor, the Company 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). In addition, in the event of an alleged breach or violation by Executive of this paragraph 7, the Noncompete Period shall
be tolled until such breach or violation has been duly cured. 
 8. Executive’s Representations. Executive hereby represents and
warrants to the Company that (i) the execution, delivery and performance of this Agreement by Executive do not and shall not conflict with, breach, violate or cause a default under any contract, agreement, instrument, order, judgment or decree
to which Executive is a party or by which he is bound, (ii) except for this Agreement, Executive is not a party to or bound by any employment agreement, noncompete agreement or confidentiality agreement with any person or entity and
(iii) upon the execution and delivery of this Agreement by the Company, this Agreement shall be the valid and binding obligation of Executive, enforceable in accordance with its terms. Executive hereby acknowledges and represents that he has
consulted with independent legal counsel regarding his rights and obligations under this Agreement and that he fully understands the terms and conditions contained herein. 
  

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 9. Survival. Paragraphs 4 through 25 (other than paragraphs 18 and 22) shall survive and continue
in full force in accordance with their terms notwithstanding the termination of the Employment Period. 
 10. Notices. Any notice
provided for in this Agreement shall be in writing and shall be either personally delivered, sent by reputable overnight courier service or mailed by first class mail, return receipt requested, to the recipient at the address below indicated:

 Notices to Executive: 
 Thomas Myers 
 751 Boston Post Road 
 Weston, MA 02493 
 With a copy to: 
 Pepper Hamilton LLP 
 3000 Two Logan Square

 Eighteenth and Arch Streets 
 Philadelphia, PA 19103-2799 
 Attn: David M. Kaplan, Esq. 
 Notices to the Company: 
 Broder
Bros., Co. 
 Six Neshaminy Interplex 
 6th Floor 
 Trevose, PA 19053 
 Attention:     David Hollister, Chief Financial Officer 
 With a copy to: 
 Bain Capital Co. 
 745 Fifth Avenue

 Suite 3200 
 New York, NY
10151 
 Attention:     Seth Meisel 
 With a copy to: 
 Kirkland & Ellis LLP 
 200 East Randolph Drive 
 Attention:     Matthew E. Steinmetz, P.C. 
 Christopher T. Shannon 
  

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 or such other address or to the attention of such other person as the recipient party shall have specified by prior
written notice to the sending party. Any notice under this Agreement shall be deemed to have been given when so delivered, sent or mailed. 
 11. 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 is held to be invalid, illegal or
unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision of this Agreement or any action in any other jurisdiction, but this Agreement
shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. 
 12. Complete Agreement. This Agreement, those documents expressly referred to herein and other documents of even date herewith embody the complete agreement and understanding among the parties and supersede and
preempt any prior understandings, agreements or representations by or among the parties, written or oral, which may have related to the subject matter hereof in any way. 
 13. No Strict Construction. The language used in this Agreement shall be deemed to be the language chosen by the parties hereto to express their mutual intent, and no rule of strict construction shall be
applied against any party. 
 14. Counterparts. This Agreement may be executed in separate counterparts (including by means of
facsimile), each of which is deemed to be an original and all of which taken together constitute one and the same agreement. 
 15.
Successors and Assigns. This Agreement will be binding upon and inure to the benefit of the Company and any successor to the Company, including without limitation any persons acquiring directly or indirectly all or substantially all of the
business or assets of the Company whether by purchase, merger, consolidation, reorganization or otherwise (and such successor shall thereafter be deemed the “Company” for the purposes of this Agreement). This Agreement will inure to the
benefit of and be enforceable by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees and legatees, but otherwise will not otherwise be assignable, transferable or delegable by Executive.
This Agreement is personal in nature and neither of the parties hereto shall, without the consent of the other, assign, transfer or delegate this Agreement or any rights or obligations hereunder except as otherwise expressly provided in this
Section 15. 
 16. Choice of Law. All issues and questions concerning the construction, validity, enforcement and interpretation
of this Agreement and the exhibits and schedules hereto shall be governed by, and construed in accordance with, the laws of the State of Michigan, without giving effect to any choice of law or conflict of law rules or provisions (whether of the
State of Michigan or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Michigan. 
  

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 17. Amendment and Waiver. The provisions of this Agreement may be amended or waived only with the
prior written consent of the Company (as approved by the Board) and Executive, and no course of conduct or course of dealing or failure or delay by any party hereto in enforcing or exercising any of the provisions of this Agreement (including,
without limitation, the Company’s right to terminate the Employment Period for Cause or, except as otherwise stated herein, Executive’s right to terminate this Agreement for Good Reason) shall affect the validity, binding effect or
enforceability of this Agreement or be deemed to be an implied waiver of any provision of this Agreement. 
 18. Insurance. The
Company may, at its discretion, apply for and procure in its own name and for its own benefit life and/or disability insurance on Executive in any amount or amounts considered advisable. Executive agrees reasonably to cooperate in any medical or
other examination, supply any information and execute and deliver any applications or other instruments in writing as may be reasonably necessary to obtain and constitute such insurance. 
 19. Indemnification and Reimbursement of Payments on Behalf of Executive. The Company and its respective Subsidiaries shall be entitled to deduct
or withhold from any amounts owing from the Company or any of its Subsidiaries to Executive any federal, state, local or foreign withholding taxes, excise tax, or employment taxes (“Taxes”) imposed with respect to Executive’s
compensation or other payments from the Company or any of its Subsidiaries or Executive’s ownership interest in the Company (including, without limitation, wages, bonuses, dividends, the receipt or exercise of equity options and/or the receipt
or vesting of restricted equity). In the event the Company or any of its Subsidiaries does not make such deductions or withholdings, Executive shall indemnify the Company and its Subsidiaries for any amounts paid with respect to any such Taxes,
together (if such failure to withhold was at the written direction of Executive) with any interest, penalties and related expenses thereto. 
 20. Certain Other Tax Matters. Notwithstanding anything in this Agreement to the contrary, if at any time it is determined (as hereafter provided) that any payment or distribution by the Company to or for the benefit of Executive,
whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise pursuant to or by reason of any other agreement, policy, plan, program or arrangement, including without limitation any stock option, stock
issuance right or similar right, or the lapse or termination of any restriction on or the vesting or exercisability of any of the foregoing (a “Payment”), would be subject to the excise tax imposed by Section 4999 of the
Internal Revenue Code of 1986, as amended (the “Code”) (or any successor provision thereto) by reason of being “contingent on a change in ownership or control” of the Company, within the meaning of Section 280G of the
Code (or any successor provision thereto) or to any similar tax imposed by state or local law, or any interest or penalties with respect to such excise tax (such tax or taxes, together with any such interest and penalties, are hereafter collectively
referred to as the “Excise Tax”), then the Company shall attempt in good faith to obtain those consents or approvals required by the Company’s shareholders under Section 280G(b)(5) of the Code to prevent the applicable
Payment from being subject to an Excise Tax. 
 21. Waiver of Jury Trial. AS A SPECIFICALLY BARGAINED FOR INDUCEMENT FOR EACH OF THE
PARTIES HERETO TO ENTER INTO THIS 
  

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 AGREEMENT (AFTER HAVING THE OPPORTUNITY TO CONSULT WITH COUNSEL), EACH PARTY HERETO EXPRESSLY WAIVES THE RIGHT TO TRIAL
BY JURY IN ANY LAWSUIT OR PROCEEDING RELATING TO OR ARISING IN ANY WAY FROM THIS AGREEMENT OR THE MATTERS CONTEMPLATED HEREBY. 
 22.
Corporate Opportunity. During the Employment Period, Executive shall submit to the Board all business, commercial and investment opportunities or offers presented to Executive or of which Executive becomes aware which relate to the business
of distributing imprintable sportswear and accessories at any time during the Employment Period (“Corporate Opportunities”). Unless approved by the Board, Executive shall not accept or pursue, directly or indirectly, any Corporate
Opportunities on Executive’s own behalf. 
 23. Executive’s Cooperation. During the Employment Period and thereafter,
Executive shall cooperate with the Company and its Subsidiaries in any internal investigation or administrative, regulatory or judicial proceeding as reasonably requested by the Company (including, without limitation, Executive being available to
the Company upon reasonable notice for interviews and factual investigations, appearing at the Company’s request to give testimony without requiring service of a subpoena or other legal process, volunteering to the Company all pertinent
information and turning over to the Company all relevant documents which are or may come into Executive’s possession, all at times and on schedules that are reasonably consistent with Executive’s other permitted activities and
commitments). In the event the Company requires Executive’s cooperation in accordance with this paragraph, the Company shall pay Executive a per diem reasonably determined by the Board and reimburse Executive for reasonable expenses incurred in
connection therewith (including lodging and meals, upon submission of receipts). 
 24. Directors’ and Officers’ Insurance.
During the Employment Period and thereafter, the Company agrees to maintain directors’ and officers’ insurance covering Executive on substantially the same terms and for so long as the Company maintains such insurance for the benefit of
any other director or officer (or any former director or officer) of the Company. 
 25. Indemnification. The Company will indemnify
Executive in his capacity as an employee, officer or director of the Company or any of the Subsidiaries, subject to the limitations of, and to the extent permitted by, the bylaws of the Company. 
 *    *    *    *    * 
  

 12 

 IN WITNESS WHEREOF, the parties hereto have executed this Employment Agreement on September 5, 2006. 
  

			
	BRODER BROS., CO.
		
	By:	 	 /s/ David J. Hollister

	Its:	 	Chief Financial Officer
	
	 /s/ Thomas Myers

	Thomas Myers

  

 13 

 Exhibit I 
 [date] 
 Dear [Executive]: 
 This letter will confirm the agreement between you and Broder Bros., Co. (including its subsidiaries, the “Company”) as follows: 
 1. Separation from the Company. 
 By signing
this letter agreement you acknowledge that the termination of your employment with the Company will be effective on [                    ]
(the “Separation Date”). As of the Separation Date, you will cease to be an employee of the Company, and you will no longer be required to fulfill any of the duties and responsibilities associated with your position. In addition, your
employment agreement with the Company will terminate as of the Separation Date, except as otherwise provided therein. 
 2. Severance
Benefits. 
 In exchange for your execution of this Agreement, including the Release in paragraph 3 and your continued compliance with paragraphs 5, 6 and
7 of the Employment Agreement dated as of September 1, 2006 between you and the Company (the “Employment Agreement”), the Company agrees to provide you with: (i) your Base Salary through the Separation Date; (ii) payment for
all accrued, but unused, vacation days; (iii) payment of any annual bonus earned, but not yet paid by the Company, with respect to a year ending prior to such termination; (iv) an amount equal to the pro-rata share of Executive’s
Target Bonus with respect to the year of such termination; and (v) the severance benefits described in subparts 4(b)(v) and 4(b)(vi) (the “Severance Benefits”) [in the case of a resignation with Good Reason, replace (v) with-
the severance benefits described in subparts 4(c)(v) and 4(c)(vi) (the “Severance Benefits”)]. Such Severance Benefits will not be provided until this letter agreement becomes effective and enforceable. Such Severance Benefits shall
not be considered compensation for purposes of any employee benefit plan, program, policy or arrangement maintained or hereafter established by the Company or any of its affiliates. You understand that the Severance Benefits provided to you
represent consideration for signing this Release and are not salary, wages or benefits to which you were already entitled. You also acknowledge and represent that you have already received everything to which you were entitled by virtue of your
employment relationship with the Company. 
 3. Release by You. 
 (a) You (for yourself, your heirs, assigns or executors) release and forever discharge the Company, any of its affiliates, and its and their directors,
officers, agents, shareholders and employees from any and all claims, suits, demands, causes of action, contracts, 
  

 1 

 covenants, obligations, debts, costs, expenses, attorneys’ fees, liabilities of whatever kind or nature in law or
equity, by statute or otherwise whether now known or unknown, vested or contingent, suspected or unsuspected, and whether or not concealed or hidden, which have existed or may have existed, or which do exist, through the date this letter agreement
becomes effective and enforceable, (“Claims”) of any kind, which relate in any way to your employment with the Company or the termination of that employment, except those arising out of (i) the performance of this letter agreement or
the Employment Agreement, (ii) your rights under the employee benefit plans of the Company, (iii) your rights to accrued, unused vacation and sick leave, (iv) your right to any indemnification by the Company pursuant to its articles
of incorporation and bylaws, (v) your rights to coverage under the Company’s directors’ and officers’ insurance policy, (vi) your rights as a shareholder of the Company (to the extent you continue to own capital stock of the
Company following the execution of this Agreement), (vii) your rights with respect to stock options or other similar equity-based incentives granted to you by the Company, as determined under the applicable plans and award agreements (to the
extent such rights survive a termination of employment). Such released claims include, without in any way limiting the generality of the foregoing language, any and all claims of employment discrimination under any local, state, or federal law or
ordinance, including, without limitation, Title VII of the Civil Rights Act of 1964, as amended; the Civil Rights Act of 1991; the Americans with Disabilities Act of 1990; the Age Discrimination in Employment Act of 1967, as amended.

 (b) In signing this Release you acknowledge that you intend that it shall be effective as a bar to each and every one of the Claims
hereinabove mentioned or implied. You expressly consent that this letter agreement shall be given full force and effect according to each and all of its express terms and provisions, including those relating to unknown and unsuspected Claims
(notwithstanding any state statute that expressly limits the effectiveness of a general release of unknown, unsuspected and unanticipated Claims), if any, as well as those relating to any other Claims hereinabove mentioned or implied. You
acknowledge and agree that this waiver is an essential and material term of this letter agreement and without such waiver the Company would not have provided the Severance Benefits described in paragraph 2. You further agree that in the event you
bring your own Claim in which you seek damages against the Company, or in the event you seek to recover against the Company in any Claim brought by a governmental agency on your behalf, this release shall serve as a complete defense to such Claims.

 (c) By signing this letter agreement, you acknowledge that you: 
  

	 	(i)	have been given twenty-one days after receipt of this letter agreement within which to consider it; 

  

	 	(ii)	have carefully read and fully understand all of the provisions of this letter agreement; 

  

	 	(iii)	knowingly and voluntarily agree to all of the terms set forth in this letter agreement; 

  

 2 

	 	(iv)	knowingly and voluntarily agree to be legally bound by this letter agreement; 

  

	 	(v)	have been advised and encouraged in writing (via this agreement) to consult with an attorney prior to signing this letter agreement; 

  

	 	(vi)	understand that this letter agreement, including the Release, shall not become effective and enforceable until the eighth day following execution of this letter agreement, and that
at any time prior to the effective day you can revoke this letter agreement. 

 4. Release by the Company. 

The Company releases and forever discharges you from any and all Claims which relate in any way to your employment with the Company or the termination of that
employment; which were Known to the Company prior to the date this letter agreement becomes effective and enforceable. For purposes of this paragraph, “Known to the Company” means the actual knowledge of the members of the Company’s
Board of Directors. 
 In signing this Release the Company acknowledges that the Company intends that this Release shall be effective as a bar to each and
every one of the Claims hereinabove mentioned or implied. The Company expressly consents that this letter agreement shall be given full force and effect according to each and all of its express terms and provisions, including those relating to
unknown and unsuspected Claims (notwithstanding any state statute that expressly limits the effectiveness of a general release of unknown, unsuspected and unanticipated Claims), if any, as well as those relating to any other Claims hereinabove
mentioned or implied. The Company acknowledges and agrees that this waiver is an essential and material term of this letter agreement and without such waiver the Executive would not have entered into this letter agreement. The Company further agrees
that in the event the Company brings its own Claim in which the Company seeks damages against you, or in the event the Company seeks to recover against you in any Claim brought by a governmental agency on the Company’s behalf, this release
shall serve as a complete defense to such Claims. 
 5. Additional Agreements. 
 (a) You also agree to keep all confidential and proprietary information about the past or present business affairs of the Company confidential unless a
prior written release from the Company is obtained, except for any disclosure required by law. 
 (b) You further agree that as of the date
hereof, you have returned to the Company any and all property, tangible or intangible, relating to its business, which you possessed or had control over at any time (including, but not limited to, company-provided credit cards, building or office
access cards, keys, computer equipment, manuals, files, documents, records, software, customer data base and other data) and that you shall not retain any copies, compilations, extracts, excerpts, summaries or other notes of any such manuals, files,
documents, records, software, customer data base or other data. 
  

 3 

 6. Confidentiality of this Letter Agreement. 
 The contents of this letter agreement, including but not limited to its financial terms, are strictly confidential. By signing this agreement you agree and represent that
you will maintain the confidential nature of the agreement, except (a) to legal counsel, tax and financial planners, and immediate family who agree to keep it confidential; (b) as otherwise required by law, in which case you shall notify
the Company in writing in advance of disclosure; and (c) as necessary to enforce this letter agreement. 
 The Company agrees that it will keep the
contents of this letter agreement confidential, except (a) to its executive staff and governing bodies, as necessary or appropriate, and to its outside counsel and auditors; (b) as otherwise required by law; and (c) as necessary to
enforce this letter agreement. 
 7. No Transfer or Assignment. 
 You and the Company agree that no interest or right you have or any of your beneficiaries has to receive payment or to receive benefits under this Agreement shall be subject in any manner to sale, transfer,
assignment, pledge, attachment, garnishment, or other alienation or encumbrance of any kind, except as required by law. Nor may such interest or right to receive payment or distribution be taken, voluntarily or involuntarily, for the satisfaction of
the obligations or debts of, or other claims against you or your beneficiary, including for alimony, except to the extent required by law. 
 8. No Admissions. 
 This letter agreement shall not be construed as an admission of any wrongdoing either by the Company, its affiliates, or
its and their directors, officers, agents and employees. 
 9. No Other Agreement. 
 Except as otherwise provided herein, this letter agreement contains the entire agreement between you and the Company with regard to the subject matter hereof. No part of
this letter agreement may be changed except in writing, executed by both you and the Company. Notwithstanding anything to the contrary contained herein, you acknowledge and agree that you remain bound by the provisions of paragraphs 5, 6 and 7
of the Employment Agreement. 
 10. Governing Law. 
 This letter agreement shall be interpreted in accordance with the laws of the State of Michigan. Whenever possible, each provision of this letter agreement shall be interpreted in a manner as to be effective and valid
under applicable law, but if any provision shall be held to be prohibited or invalid under applicable law, such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating or affecting the remainder of
such provision or any of the remaining provisions of this letter agreement. 
  

 4 

 11. Counterparts. 
 This Agreement may be executed in separate counterparts, each of which is deemed to be an original and all of which taken together constitute one and the same Agreement. 
 12. Tax Disclosures. 
 Notwithstanding anything herein
to the contrary, you, the Company and each other party to the transaction contemplated hereby (and each affiliate and person acting on behalf of any such party) agree that each party (and each employee, representative and other agent of such party)
may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of the transaction and all materials of any kind (including opinions or other tax analyses) that are provided to such party or such person
relating to such tax treatment and tax structure, except to the extent necessary to comply with any applicable federal or state securities laws. This authorization is not intended to permit disclosure of any other information, including (without
limitation) (i) any portion of any materials to the extent not related to the tax treatment or tax structure of the transaction, (ii) the identities of participants or potential participants in the transaction, (iii) the existence or
status of any negotiations, (iv) any pricing or financial information (except to the extent such pricing or financial information is related to the tax treatment or tax structure of the transaction) or (v) any other term or detail not
relevant to the tax treatment or the tax structure of the transaction. 
 *  *  *  *  * 
 Please indicate your agreement by signing this letter and returning it to us on or before
                    . 
  

			
	Very truly yours,
	
	BRODER BROS., CO.
		
	By:	 	  

		
	Its:	 	  

  

			
	AGREED TO AND ACCEPTED BY:
	
	  

		
	Dated:	 	  

  

 5Fifth Amendment to Loan and Security Agreement

 Exhibit 10.65 
 FIFTH AMENDMENT TO LOAN AND SECURITY AGREEMENT 
 This FIFTH AMENDMENT TO LOAN AND SECURITY AGREEMENT
(“Amendment”) is effective as of August 30, 2006, by and between RESORTS INTERNATIONAL HOTEL, INC., a New Jersey corporation (“Borrower”), and
COMMERCE BANK, N.A., a national banking association (“Lender”). 
 BACKGROUND 
 A.    Borrower and Lender are parties to that certain Loan and Security Agreement dated November 4, 2002 (as the same has been
or may be supplemented, restated, superseded, amended or replaced from time to time, the “Loan Agreement”). All capitalized terms used herein without further definition shall have the respective meaning set forth in the Loan Agreement and
all other Loan Documents. 
 B.    The Obligations are secured by continuing perfected security interests in the
Collateral. 
 C.    Borrower has requested that Lender extend the Revolving Credit Maturity Date and modify the terms of
the Loan Agreement to reflect such extension, and Lender has agreed to such extension and modification in accordance with and subject to the satisfaction of the conditions hereof. 
 NOW, THEREFORE, with the foregoing Background incorporated by reference and intending to be legally bound hereby, the parties agree as follows:

 1.    Amendments to Loan Agreement. Upon the effectiveness of this Amendment, the Loan Agreement shall be
amended as follows: 
 a.    Section 1 of the Loan Agreement shall be amended by deleting the definition of
“Revolving Credit Maturity Date,” and replacing it as follows: 
 Revolving Credit Maturity Date - October 31,
2006. 
 2.    Representations and Warranties and Covenants. Borrower warrants and represents to Lender that:

 a.    No Default or Event of Default exists. 
 b.    The making and performance of this Amendment will not violate any law, government rule or regulation, court or administrative
order or other such order, or the charter, minutes or bylaw provisions of Borrower or violate or result in a default (immediately or with the passage of time) under any contract, agreement or instrument (including without limitation, the Indenture
Agreement), to which Borrower is a party, or by which Borrower is bound. 

 c.    Borrower has all requisite power and authority to enter into and perform this
Amendment, and to incur the obligations herein provided for, and no later than September 8, 2006, Borrower shall provide Lender with evidence of all proper and necessary action to authorize the execution, delivery and performance of this
Amendment. 
 d.    This Amendment, when delivered, will be valid and binding upon Borrower, and enforceable in
accordance with its terms except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles.

 3.    Ratification of Loan Documents. This Amendment is hereby incorporated into and made a part of the Loan
Agreement and all other Loan Documents respectively, the terms and provisions of which, except to the extent modified by this Amendment are each ratified and confirmed and continue unchanged in full force and effect. Any reference to the Loan
Agreement and all other Loan Documents respectively in this or any other instrument, document or agreement related thereto or executed in connection therewith shall mean the Loan Agreement and all other Loan Documents respectively as amended by this
Amendment. As security for the payment of the Obligations, and satisfaction by Borrower of all covenants and undertakings contained in the Loan Agreement, Borrower hereby confirms its prior grant to Lender of a continuing first lien on and security
interest in, upon and to all of Borrower’s now owned or hereafter acquired, created or arising Collateral as described in Section 3 of the Loan Agreement. 
 4.    Confirmation of Surety. By their execution below, each Surety hereby consents to, and acknowledges the terms and conditions of this Amendment, and agrees that its Surety Agreement
dated November 4, 2002, is ratified and confirmed, and shall continue in full force and effect, and shall continue to cover all obligations of Borrower outstanding from time to time, under the Loan Agreement as amended hereby. 
 5.    Effectiveness Conditions. This Amendment shall become effective upon the following: 
 a.    Execution and delivery by Borrower of this Amendment to Lender; 
 b.    Payment by Borrower of an amendment fee in the amount of Fifty Thousand Dollars ($50,000), which fee is fully earned on the
date hereof, and is non-refundable; and 
 c.    Payment by Borrower of all of Lender’s Expenses. Borrower directs
Lender to charge Barrower’s account for such Expenses. 
 6.    Limitations. In consideration of
Lender’s prior agreement to suspend compliance with the financial covenants contained in Sections 6.8 (a), (b) and (c) of the Loan Agreement solely for the period ending, June 30, 2006, Borrower agrees that any further cash
Advances or issuances of Letters of Credit under the Loan Agreement will require specific approval from Lender. In order to facilitate such request, Lender will require information regarding the purpose and nature of the borrowing, plans for payment
and adequate time to consider the request. Lender may, in its sole discretion, refuse any such requests; provided, however, in the event 

 
Lender refuses any such request Borrower’s obligation to pay the Unused Line Fee under Section 2.7(c) of the Loan Agreement shall be suspended from
the date of any such refusal until the date of any subsequent cash Advance or issuance of a Letter of Credit. 
 7.    Confirmation of Indebtedness. Borrower confirms and agrees that as of August 27, 2006, the total principal amount of cash Advances outstanding under the Revolving Credit is $7,496,000.00 and the
aggregate face amount of Letters of Credit outstanding is $5,167,740.59, all of which amounts, together with all accrued and unpaid interest, fees and Expenses, are owing or outstanding without any setoff, defense, counterclaim or deduction of any
nature. 
 8.    GOVERNING LAW. THIS AMENDMENT, AND ALL MATERS ARISING OUT OF OR RELATING TO THIS AMENDMENT, AND
ALL RELATED AGREEMENTS AND DOCUMENTS, SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE SUBSTANTIVE LAWS OF NEW JERSEY. THE PROVISIONS OF THIS AMENDMENT AND ALL OTHER AGREEMENTS AND DOCUMENTS REFERRED TO HEREIN ARE TO BE DEEMED SEVERABLE,
AND THE INVALIDITY OR UNENFORCEABILITY OF ANY PROVISION SHALL NOT AFFECT OR IMPAIR THE REMAINING PROVISIONS WHICH SHALL CONTINUE IN FULL FORCE AND EFFECT. 
 9.    Modification. No modification hereof or any agreement referred to herein shall be binding or enforceable unless in writing and signed by Borrower and Lender. 
 10.    Duplicate Originals: Two or more duplicate originals of this Amendment may be signed by the parties, each of which
shall be an original but all of which together shall constitute one and the same instrument. 
 11.    Waiver of Jury
Trial: BORROWER AND LENDER EACH HEREBY WAIVE ANY AND ALL RIGHTS IT MAY HAVE TO A JURY TRIAL IN CONNECTION WITH ANY LITIGATION, PROCEEDING OR COUNTERCLAIM ARISING WITH RESPECT TO RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO OR UNDER THE LOAN
DOCUMENTS OR WITH RESPECT TO ANY CLAIMS ARISING OUT OF ANY DISCUSSIONS, NEGOTIATIONS OR COMMUNICATIONS INVOLVING OR RELATED TO ANY PROPOSED RENEWAL, EXTENSION, AMENDMENT, MODIFICATION, RESTRUCTURE, FORBEARANCE, WORKOUT, OR ENFORCEMENT OF THE
TRANSACTIONS CONTEMPLATED BY THE LOAN DOCUMENTS. 
 [REMAINDER OF PAGE LEFT BLANK] 

 IN WITNESS WHEREOF, the undersigned parties have executed this Amendment the day and year first above
written. 
  

	
	 BORROWER:

	 RESORTS INTERNATIONAL HOTEL, INC.

	
	 By:     /s/ Nicholas L. Ribis 

	
	 Name: Nicholas L. Ribis

	 Title:   Executive Vice President

  

	
	 LENDER:

	 COMMERCE BANK, N.A.

	
	 By:     /s/ Peter L. Davis 

	
	 Peter L. Davis, Senior Vice President

  

	
	 SURETIES:

	 RESORTS INTERNATIONAL HOTEL & CASINO,
INC.

	
	 By:     /s/ Nicholas L. Ribis 

	
	 Name: Nicholas L. Ribis

	 Title:   Executive Vice President

  

	
	 COLONY RIH HOLDINGS, INC.

	
	 By:     /s/ Nicholas L. Ribis 

	
	 Name: Nicholas L. Ribis

	 Title:   Executive Vice President

  

	
	 NEW PIER OPERATING COMPANY, INC.

	
	 By:     /s/ Nicholas L. Ribis 

	
	 Name: Nicholas L. Ribis

	
	 Title:   Executive Vice President

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