Document:

EX-10.27

 Exhibit 10.27 

EXECUTION VERSION 
  

 
  

KELLWOOD COMPANY 
 and

 each of its Domestic Subsidiaries party hereto, 

as Borrowers 
  

 
 SECOND
AMENDED AND RESTATED TERM A LOAN AGREEMENT 
 Dated as of April 20, 2012 

 
  

SCSF KELLWOOD FINANCE, LLC 

and 
 SUN KELLWOOD
FINANCE, LLC, 
 as Lenders 

and 
 SUN KELLWOOD FINANCE,
LLC, 
 as Collateral Agent 
  

 
  

 TABLE OF CONTENTS 

 

									
	 	  	 	  	 	  	PAGE	 
	 Section 1.
	  	DEFINITIONS; RULES OF CONSTRUCTION	  	 	1	  
			
	 1.1
	  	Definitions	  	 	1	  
	 1.2
	  	Accounting Terms	  	 	24	  
	 1.3
	  	Uniform Commercial Code	  	 	24	  
	 1.4
	  	Certain Matters of Construction	  	 	24	  
			
	 Section 2.
	  	CREDIT FACILITIES	  	 	25	  
			
	 2.1
	  	Term Loans	  	 	25	  
		  	2.1.1	  	Term A Loans	  	 	25	  
		  	2.1.2	  	Term Notes	  	 	25	  
		  	2.1.3	  	Use of Proceeds	  	 	25	  
		  	2.1.4	  	Prepayments	  	 	25	  
			
	 Section 3.
	  	INTEREST AND CHARGES	  	 	26	  
			
	 3.1
	  	Rates and Payment of Interest	  	 	26	  
	 3.2
	  	Computation of Interest and Yield Protection	  	 	26	  
	 3.3
	  	Reimbursement Obligations	  	 	26	  
	 3.4
	  	Capital Adequacy	  	 	27	  
	 3.5
	  	Mitigation	  	 	27	  
	 3.6
	  	Maximum Interest	  	 	27	  
			
	 Section 4.
	  	LOAN ADMINISTRATION	  	 	28	  
			
	 4.1
	  	Borrower Representative	  	 	28	  
	 4.2
	  	One Obligation	  	 	28	  
	 4.3
	  	Effect of Termination	  	 	28	  
			
	 Section 5.
	  	PAYMENTS	  	 	29	  
			
	 5.1
	  	General Payment Provisions	  	 	29	  
	 5.2
	  	Payment of Other Obligations	  	 	29	  
	 5.3
	  	Marshaling; Payments Set Aside	  	 	29	  
	 5.4
	  	Post-Default Allocation of Payments	  	 	29	  
		  	5.4.1	  	Allocation	  	 	29	  
		  	5.4.2	  	Erroneous Application	  	 	30	  
	 5.5
	  	Loan Account	  	 	30	  
	 5.6
	  	Taxes	  	 	30	  
		  	5.6.1	  	Payments Free of Taxes	  	 	30	  
		  	 5.6.2
	  	Payment	  	 	30	  
		  	 5.6.3
	  	Refunds	  	 	31	  
	 5.7
	  	 Lender Tax Information 
	  	 	31	  
		  	 5.7.1
	  	Status of Lenders	  	 	31	  
		  	 5.7.2
	  	Documentation	  	 	31	  

  
 i 

									
		  	5.7.3	  	Lender Obligations	  	 	32	  
	5.8	  	Nature and Extent of Each Borrower’s Liability	  	 	32	  
		  	5.8.1	  	Joint and Several Liability	  	 	32	  
		  	5.8.2	  	Waivers	  	 	33	  
		  	5.8.3	  	Extent of Liability; Contribution	  	 	34	  
		  	5.8.4	  	Joint Enterprise	  	 	34	  
		  	5.8.5	  	Subordination	  	 	34	  
			
	 Section 6.
	  	 CONDITIONS PRECEDENT
	  	 	35	  
			
	6.1	  	Conditions Precedent	  	 	35	  
			
	 Section 7.
	  	 COLLATERAL
	  	 	36	  
			
	7.1	  	Security Reaffirmation	  	 	36	  
	7.2	  	Administration of Accounts	  	 	36	  
	7.3	  	Administration of Inventory	  	 	36	  
		  	7.3.1	  	Records and Reports of Inventory	  	 	36	  
		  	7.3.2	  	Returns of Inventory	  	 	37	  
		  	7.3.3	  	Acquisition, Sale and Maintenance	  	 	37	  
	7.4	  	[Intentionally Omitted]	  	 	37	  
	7.5	  	Administration of Deposit Accounts and Securities Accounts	  	 	37	  
	7.6	  	General Provisions	  	 	38	  
		  	7.6.1	  	Location of Collateral	  	 	38	  
		  	7.6.2	  	Insurance of Collateral	  	 	38	  
			
	 Section 8.
	  	 REPRESENTATIONS AND WARRANTIES
	  	 	39	  
			
	8.1	  	General Representations and Warranties	  	 	39	  
		  	8.1.1	  	Organization and Qualification	  	 	39	  
		  	8.1.2	  	Power and Authority	  	 	39	  
		  	8.1.3	  	Enforceability	  	 	39	  
		  	8.1.4	  	Capital Structure	  	 	39	  
		  	8.1.5	  	Corporate Names; Locations	  	 	39	  
		  	8.1.6	  	Title to Properties; Priority of Liens	  	 	40	  
		  	8.1.7	  	Financial Statements	  	 	40	  
		  	8.1.8	  	Surety Obligations	  	 	40	  
		  	8.1.9	  	Taxes	  	 	40	  
		  	8.1.10	  	Brokers	  	 	41	  
		  	8.1.11	  	Intellectual Property	  	 	41	  
		  	8.1.12	  	Governmental Approvals	  	 	41	  
		  	8.1.13	  	Compliance with Laws	  	 	41	  
		  	8.1.14	  	Compliance with Environmental Laws	  	 	41	  
		  	8.1.15	  	Burdensome Contracts	  	 	42	  
		  	8.1.16	  	Litigation	  	 	42	  
		  	8.1.17	  	No Defaults	  	 	42	  
		  	8.1.18	  	ERISA	  	 	42	  
		  	8.1.19	  	Trade Relations	  	 	42	  
		  	8.1.20	  	Labor Relations	  	 	43	  

  
 ii 

									
		  	8.1.21	  	Payable Practices	  	 	43	  
		  	8.1.22	  	Not a Regulated Entity	  	 	43	  
		  	8.1.23	  	Margin Stock	  	 	43	  
		  	8.1.24	  	Plan Assets	  	 	43	  
		  	8.1.25	  	Immaterial Subsidiaries	  	 	43	  
		  	8.1.26	  	Patriot Act	  	 	43	  
		  	8.1.27	  	OFAC	  	 	43	  
		  	8.1.28	  	Nature of Business	  	 	44	  
		  	8.1.29	  	Material Contracts	  	 	44	  
		  	8.1.30	  	No Bankruptcy Filing	  	 	44	  
	8.2	  	Complete Disclosure	  	 	44	  
			
	 Section 9.
	  	 COVENANTS AND CONTINUING AGREEMENTS
	  	 	44	  
			
	9.1	  	Affirmative Covenants	  	 	44	  
		  	9.1.1	  	Inspections	  	 	44	  
		  	9.1.2	  	Financial and Other Information	  	 	45	  
		  	9.1.3	  	Notices	  	 	47	  
		  	9.1.4	  	Landlord and Storage Agreements	  	 	47	  
		  	9.1.5	  	Compliance with Laws	  	 	48	  
		  	9.1.6	  	Taxes	  	 	48	  
		  	9.1.7	  	Insurance	  	 	48	  
		  	9.1.8	  	Licenses	  	 	48	  
		  	9.1.9	  	Future Subsidiaries	  	 	48	  
		  	9.1.10	  	Additional Guarantors	  	 	49	  
		  	9.1.11	  	Preservation of Existence, Etc	  	 	49	  
		  	9.1.12	  	Keeping of Records and Books of Account	  	 	49	  
		  	9.1.13	  	Maintenance of Properties, Etc	  	 	49	  
		  	9.1.14	  	Obtaining of Permits, Etc	  	 	49	  
		  	9.1.15	  	Further Assurances	  	 	49	  
	9.2	  	Negative Covenants	  	 	50	  
		  	9.2.1	  	Permitted Debt	  	 	50	  
		  	9.2.2	  	Permitted Liens	  	 	51	  
		  	9.2.3	  	[Intentionally Omitted]	  	 	52	  
		  	9.2.4	  	Distributions; Upstream Payments	  	 	52	  
		  	9.2.5	  	Restricted Investments	  	 	53	  
		  	9.2.6	  	Disposition of Assets	  	 	53	  
		  	9.2.7	  	Loans; Extensions of Credit	  	 	53	  
		  	9.2.8	  	Restrictions on Payment of Certain Debt	  	 	53	  
		  	9.2.9	  	Fundamental Changes	  	 	53	  
		  	9.2.10	  	Subsidiaries	  	 	54	  
		  	9.2.11	  	Organic Documents	  	 	54	  
		  	9.2.12	  	Tax Consolidation	  	 	54	  
		  	9.2.13	  	Accounting Changes	  	 	54	  
		  	9.2.14	  	Restrictive Agreements	  	 	54	  
		  	9.2.15	  	Hedging Agreements	  	 	54	  
		  	9.2.16	  	Conduct of Business	  	 	54	  

  
 iii 

									
		  	9.2.17	  	Affiliate Transactions	  	 	54	  
		  	9.2.18	  	Plans	  	 	55	  
		  	9.2.19	  	Amendments to the Indenture, Convertible Debenture, the Convertible Debenture Agreement, the Indenture Guaranty, the Convertible Debenture Guaranty, Revolver Agreement or Subordinated Debt	  	 	55	  
		  	9.2.20	  	Immaterial Subsidiaries	  	 	55	  
		  	9.2.21	  	Fixed Charge Coverage Ratio	  	 	56	  
		  	9.2.22	  	Federal Reserve Regulations	  	 	56	  
		  	9.2.23	  	Investment Company Act of 1940	  	 	56	  
		  	9.2.24	  	2009 Debenture Intercreditor Agreement	  	 	56	  
			
	 Section 10.
	  	 EVENTS OF DEFAULT; REMEDIES ON DEFAULT
	  	 	56	  
			
	10.1	  	Events of Default	  	 	56	  
	10.2	  	Remedies upon Default	  	 	58	  
	10.3	  	License	  	 	59	  
	10.4	  	Setoff	  	 	59	  
	10.5	  	Remedies Cumulative; No Waiver	  	 	60	  
		  	10.5.1	  	Cumulative Rights	  	 	60	  
		  	10.5.2	  	Waivers	  	 	60	  
			
	 Section 11.
	  	 COLLATERAL AGENT
	  	 	60	  
			
	11.1	  	Appointment, Authority and Duties of Collateral Agent	  	 	60	  
		  	11.1.1	  	Appointment and Authority	  	 	60	  
		  	11.1.2	  	Duties	  	 	61	  
		  	 11.1.3
	  	Collateral Agent Professionals	  	 	61	  
		  	 11.1.4
	  	Instructions of Required Lenders	  	 	61	  
	11.2	  	Agreements Regarding Collateral and Field Examination Reports	  	 	61	  
		  	11.2.1	  	Lien Releases; Care of Collateral	  	 	61	  
		  	11.2.2	  	Possession of Collateral	  	 	62	  
		  	 11.2.3
	  	Reports	  	 	62	  
	11.3	  	Reliance By Collateral Agent	  	 	62	  
	11.4	  	Action Upon Default	  	 	62	  
	11.5	  	Ratable Sharing	  	 	63	  
	11.6	  	Indemnification of Agent Indemnitees	  	 	63	  
		  	11.6.1	  	Indemnification	  	 	63	  
		  	11.6.2	  	Proceedings	  	 	63	  
	11.7	  	Limitation on Responsibilities of Collateral Agent	  	 	64	  
	11.8	  	Successor Agent and Co-Agents	  	 	64	  
		  	11.8.1	  	Resignation; Successor Collateral Agent	  	 	64	  
		  	11.8.2	  	Separate Collateral Agent	  	 	65	  
	11.9	  	Due Diligence and Non-Reliance	  	 	65	  
	11.10	  	No Third Party Beneficiaries	  	 	65	  
	11.11	  	Collateral Agent in its Individual Capacity	  	 	66	  

  
 iv 

									
	 Section 12.
	  	 BENEFIT OF AGREEMENT; ASSIGNMENTS AND PARTICIPATIONS
	  	 	66	  
			
	12.1	  	Benefit of Agreement	  	 	66	  
	12.2	  	Participations	  	 	66	  
		  	 12.2.1
	  	Permitted Participants; Effect	  	 	66	  
		  	 12.2.2
	  	Voting Rights	  	 	67	  
		  	 12.2.3
	  	Benefit of Set-Off	  	 	67	  
	12.3	  	Assignments	  	 	67	  
		  	 12.3.1
	  	Permitted Assignments	  	 	67	  
		  	 12.3.2
	  	Effect; Effective Date	  	 	67	  
	12.4	  	Tax Treatment	  	 	68	  
	12.5	  	Register	  	 	68	  
			
	 Section 13.
	  	 MISCELLANEOUS
	  	 	68	  
			
	13.1	  	Consents, Amendments and Waivers	  	 	68	  
		  	 13.1.1
	  	Amendment	  	 	68	  
		  	 13.1.2
	  	Limitations	  	 	69	  
		  	 13.1.3
	  	Payment for Consents	  	 	69	  
	13.2	  	Indemnity	  	 	69	  
	13.3	  	Notices and Communications	  	 	70	  
		  	 13.3.1
	  	Notice Address	  	 	70	  
		  	 13.3.2
	  	Electronic Communications; Voice Mail	  	 	70	  
		  	 13.3.3
	  	Non-Conforming Communications	  	 	70	  
	13.4	  	Performance of Borrowers’ Obligations	  	 	70	  
	13.5	  	Credit Inquiries	  	 	71	  
	13.6	  	Severability	  	 	71	  
	13.7	  	Cumulative Effect; Conflict of Terms	  	 	71	  
	13.8	  	Counterparts; Facsimile Signatures	  	 	71	  
	13.9	  	Entire Agreement	  	 	71	  
	13.10	  	Obligations of Lenders	  	 	71	  
	13.11	  	Confidentiality	  	 	71	  
	13.12	  	GOVERNING LAW	  	 	72	  
	13.13	  	Consent to Forum	  	 	72	  
	13.14	  	Waivers by Obligors	  	 	72	  
	13.15	  	Patriot Act Notice	  	 	73	  
	13.16	  	Subordination	  	 	73	  
	13.17	  	Advertisement	  	 	74	  
	13.18	  	Intercreditor Agreement	  	 	74	  

  
 v 

 LIST OF EXHIBITS AND SCHEDULES 

 

			
	Exhibit A	  	Form of Term A Note
	Exhibit B	  	Assignment and Acceptance
	Exhibit C	  	Assignment Notice
	Exhibit D	  	Joinder Agreement
	Exhibit E	  	Compliance Certificate

  

			
	Schedule 1.1	  	Lender Term A Loan Amounts
	Schedule 7.5	  	Deposit Accounts
	Schedule 7.6.1	  	Business Locations
	Schedule 8.1.4	  	Names and Capital Structure
	Schedule 8.1.5	  	Corporate Names; Locations
	Schedule 8.1.8	  	Surety Obligations
	Schedule 8.1.11	  	Patents, Trademarks, Copyrights and Licenses
	Schedule 8.1.14	  	Environmental Matters
	Schedule 8.1.15	  	Restrictive Agreements
	Schedule 8.1.16	  	Litigation
	Schedule 8.1.18	  	Pension Plans
	Schedule 8.1.20	  	Labor Contracts
	Schedule 8.1.29	  	Material Contracts
	Schedule 9.2.1	  	Existing Indebtedness
	Schedule 9.2.2	  	Existing Liens
	Schedule 9.2.5	  	Investments
	Schedule 9.2.17	  	Existing Affiliate Transactions

  
 vi 

 SECOND AMENDED AND RESTATED TERM A LOAN AGREEMENT 

THIS SECOND AMENDED AND RESTATED TERM A LOAN AGREEMENT (this “Agreement”) is dated as of April 20, 2012 among
KELLWOOD COMPANY, a Delaware corporation (“Borrower Representative” or “Parent”) and its Domestic Subsidiaries from time to time a party hereto (each a “Borrower” and collectively with
Borrower Representative, “Borrowers”), other Obligors (as defined below) party hereto, SCSF Kellwood Finance, LLC, a Delaware limited liability company (“SCSF Finance”) and Sun Kellwood Finance, LLC, a Delaware
limited liability company (“Sun Finance” and, together with the SCSF Finance, each a “Lender” and collectively, the “Lenders”) and Sun Finance, in its capacity as collateral agent for each Lender
(the “Collateral Agent”). 
 RECITALS: 

WHEREAS, Parent, Borrowers, the other Obligors party thereto, the Lenders and Collateral, are party to that certain Amended and
Restated Term A Loan Agreement dated as of October 19, 2011 (as amended, amended and restated, supplemented or otherwise modified from time to time prior to the date hereof, the “Existing Agreement”) pursuant to which the
Lenders made certain Term A Loans the proceeds of which were used by the Borrowers to pay certain amounts due under the 2009 Holdouts (as defined in the Existing Agreement) and to finance their mutual and collective business enterprise; 

WHEREAS, the Parties hereto have agreed to amend and restate the Existing Agreement to, among other things, amend certain of the
Definitions and other various provisions contained herein, upon and subject to the terms and conditions set forth herein; 
 WHEREAS,
it is the intent of the parties hereto that this Agreement not constitute a novation of the Loans existing under the Existing Agreement or evidence repayment of any of such Loans and that this Agreement amend and restate in its entirety the Existing
Agreement and re-evidence the Loans of the Borrowers outstanding thereunder and the Liens in the Collateral created under the agreements entered in connection therewith; 

NOW, THEREFORE, for valuable consideration hereby acknowledged, the parties agree as follows: 

Section 1. DEFINITIONS; RULES OF CONSTRUCTION 

1.1 Definitions. As used herein, the following terms have the meanings set forth below:  

2009 Debentures - the 2009 notes issued pursuant to the 2009 Indenture.  

2009 Debenture Intercreditor Agreement - that certain Amended and Restated Intercreditor Agreement of even date
herewith, by and between Wells Fargo Bank, National Association (or such other person reasonably acceptable to Collateral Agent), as collateral agent under the 2009 Indenture, the Revolver Agent, the Second Lien Agent and Collateral Agent. 

  
 -1- 

 2009 Indenture - that certain indenture, dated as of July 23, 2009,
by and between Parent and Wells Fargo Bank, National Association (or such other person reasonably acceptable to Collateral Agent), as trustee and collateral agent, pursuant to which Parent issued $120,590,000 in aggregate principal amount of 12.875%
Second-Priority Senior Secured PIK Notes due December 31, 2014.  
 2009 Indenture Guaranty - that certain
Guaranty Agreement (and including any guaranty agreement executed pursuant to the terms thereof and any replacement guaranty) dated as of July 23, 2009, by and among the Guarantors and Wells Fargo Bank, National Association (or such other
person reasonably acceptable to Collateral Agent), as trustee, for the holders of the 2009 Debentures, as amended or supplemented from time to time.  

Account - as defined in the UCC, including all rights to payment for goods sold or leased, or for services rendered. 

 Account Debtor - a Person who is obligated under an Account, Chattel Paper or General Intangible.  

Acquisition - the acquisition of (a) a controlling Equity Interest in another Person (including the purchase of an
option, warrant or convertible or similar type security to acquire such a controlling interest at the time it becomes exercisable by the holder thereof), whether by purchase of such Equity Interest or upon exercise of an option or warrant for, or
conversion of securities into, such Equity Interest, or (b) assets of another Person which constitute all or substantially all of the assets of such Person or of a line or lines of business conducted by such Person.  

Affiliate - with respect to any Person, another Person (a) who directly, or indirectly through one or more
intermediaries, controls, is controlled by or is under common control with such first Person; (b) who beneficially owns 10% or more of the voting securities or any class of Equity Interests of such first Person; (c) at least 10% of whose
voting securities or any class of Equity Interests is beneficially owned, directly or indirectly, by such first Person; or (d) who is an executive or financial officer, director, partner or managing member of such first Person.
“Control” means the possession, directly or indirectly, of the power to direct or cause direction of the management and policies of a Person, whether through ownership of Equity Interests, by contract or otherwise.  

Agent Indemnitees - Collateral Agent and its officers, directors, employees, Affiliates, agents and attorneys. 

 Agent Professionals - attorneys, accountants, appraisers, auditors, business valuation experts, environmental
engineers or consultants, turnaround consultants, and other professionals and experts retained by Collateral Agent.  

Agreement - as defined in the preamble hereto.  

Allocable Amount - as defined in Section 5.8.3. 

  
 -2- 

 Anti-Terrorism Laws - any laws relating to terrorism or money laundering,
including the Patriot Act. 
 Applicable Law - all laws, rules, regulations and governmental guidelines applicable to
the Person, conduct, transaction, agreement or matter in question, including all applicable statutory law, common law and equitable principles, and all provisions of constitutions, treaties, statutes, rules, regulations, orders and decrees of
Governmental Authorities. 
 Approved Fund - any Person (other than a natural person) that is engaged in making,
purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in its ordinary course of business and is administered or managed by a Lender, an entity that administers or manages a Lender, or an Affiliate of either.

 Asset Disposition - a sale, lease, license, consignment, transfer or other disposition of Property of an Obligor,
including a disposition of Property in connection with a sale-leaseback transaction or synthetic lease. 
 Assignment and
Acceptance - an assignment agreement between a Lender and Eligible Assignee, in the form of Exhibit B. 

Bankruptcy Code - Title 11 of the United States Code. 

Board of Governors - the Board of Governors of the Federal Reserve System. 

Borrower Representative - as defined in the preamble to this Agreement. 

Borrowers - Borrower and its Domestic Subsidiaries (other than Immaterial Subsidiaries) from time to time parties
hereto. 
 Business Day - any day other than a Saturday, Sunday or other day on which commercial banks are authorized
to close under the laws of - or are in fact closed in, Florida, or Illinois. 
 Capital Adequacy Regulation - any law,
rule, regulation, guideline, request or directive of any central bank or other Governmental Authority, whether or not having the force of law, regarding capital adequacy of a bank or any Person controlling a bank. 

Capital Expenditures - all liabilities incurred, expenditures made or payments due (whether or not made) for the
acquisition of any fixed assets, or any improvements, replacements, substitutions or additions thereto with a useful life of more than one year, including the principal portion of Capital Leases. 

Capital Lease - any lease that is required to be capitalized for financial reporting purposes in accordance with GAAP
(but without giving effect to FASB ASC 840). 
 Capital Lease Obligations - with respect to any Person,
obligations of such Person and its Subsidiaries under Capital Leases, and, for purposes hereof, the amount of any such obligation shall be the capitalized amount thereof determined in accordance with GAAP (but without giving effect to FASB ASC 840).

  
 -3- 

 Cash Collateral - cash, and any interest or other income earned thereon,
that is delivered to Collateral Agent to Cash Collateralize any Obligations. 
 Cash Collateralize - the delivery of
cash to Collateral Agent, as security for the payment of Obligations, in an amount equal to with respect to any inchoate or contingent Obligations, Collateral Agent’s good faith estimate of the amount due or to become due, including all fees
and other amounts relating to such Obligations. “Cash Collateralization” has a correlative meaning. 
 Cash
Equivalents - (a) marketable obligations issued or unconditionally guaranteed by, and backed by the full faith and credit of, the United States government, maturing within 12 months of the date of acquisition; (b) certificates of
deposit, time deposits and bankers’ acceptances maturing within 12 months of the date of acquisition, and overnight bank deposits, in each case which are issued by a commercial bank organized under the laws of the United States or any state or
district thereof, rated A-1 (or better) by S&P or P-1 (or better) by Moody’s at the time of acquisition, and (unless issued by a Lender) not subject to offset rights; (c) repurchase obligations with a term of not more than 30 days for
underlying investments of the types described in clauses (a) and (b) entered into with any bank meeting the qualifications specified in clause (b); (d) commercial paper rated A-1 (or better) by S&P or P-1 (or better) by
Moody’s, and maturing within nine months of the date of acquisition; and (e) shares of any money market fund that has substantially all of its assets invested continuously in the types of investments referred to above, has net assets of at
least $500,000,000 and has the highest rating obtainable from either Moody’s or S&P. 
 CERCLA - the
Comprehensive Environmental Response Compensation and Liability Act (42 U.S.C. § 9601 et seq.). 

Change in Law - the occurrence, after the date hereof, of (a) the adoption or taking effect of any law, rule,
regulation or treaty; (b) any change in any law, rule, regulation or treaty or in the administration, interpretation or application thereof by any Governmental Authority; or (c) the making or issuance of any request, guideline or directive
(whether or not having the force of law) by any Governmental Authority; provided, however, that for purposes of this definition, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all rules, regulations, orders,
requests, guidelines or directives in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar
authority) or the United States or foreign regulatory authorities, in each case, pursuant to Basell III, shall be deemed to have been adopted and gone into effect after the date of this Agreement. 

Change of Control - the occurrence of any of the following events: (a) Sponsor ceases to own and control,
beneficially and of record, directly or indirectly, more than 50.1% of the voting and economic Equity Interests in Parent on a fully diluted basis, or 

  
 -4- 

 (b) any Person or “group” (within the meaning of Rules 13d-3 and 13d-5 under the
Exchange Act) other than Sponsor shall have acquired beneficial ownership on a fully diluted basis of the voting Equity Interests of Parent sufficient to (whether or not exercised) elect a majority of the members of the board of directors (or
similar governing body) of Parent. 
 Chattel Paper - as defined in the UCC.  

Claims - all liabilities, obligations, losses, damages, penalties, judgments, proceedings, costs and expenses of any
kind (including remedial response costs, reasonable attorneys’ fees and Extraordinary Expenses) at any time (including after Full Payment of the Obligations, resignation or replacement of Agent, or replacement of any Lender) incurred by or
asserted against any Indemnitee in any way relating to (a) any Loans, Loan Documents, or the use thereof or transactions relating thereto, (b) any action taken or omitted to be taken by any Indemnitee in connection with any Loan Documents,
(c) the existence or perfection of any Liens, or realization upon any Collateral, (d) exercise of any rights or remedies under any Loan Documents or Applicable Law, or (e) failure by any Obligor to perform or observe any terms of any
Loan Document, in each case including all costs and expenses relating to any investigation, litigation, arbitration or other proceeding (including an Insolvency Proceeding or appellate proceedings), whether or not the applicable Indemnitee is a
party thereto.  
 Closing Date - as defined in Section 6.1.  

Code - the Internal Revenue Code of 1986, as amended.  

Collateral - ‘Collateral’ as defined in the Security Agreement.  

Collateral Agent - as defined in the preamble hereto.  

Compliance Certificate - a certificate, substantially in the form of Exhibit E and in substance reasonably
satisfactory to Collateral Agent, by which Borrower Representative certifies the absence of any Default or Event of Default and sets forth a reasonably detailed calculation of the Fixed Charge Coverage Ratio for the 12 Fiscal Month period most
recently ended (regardless of whether Fixed Charge Coverage Ratio is to be tested for such period).  

Consolidated EBITDA - for any period, for Parent and its Subsidiaries on a consolidated basis and without duplication,
an amount equal to the sum (provided, that any gains referred to in clauses (e) or (m) below shall be deducted from such sum) of (without duplication) (a) Consolidated Net Income, (b) Consolidated Net Interest Expense deducted in
determining such Consolidated Net Income, (c) the amount of taxes, based on or measured by income, used or included in determining such Consolidated Net Income, (d) the amount of depreciation and amortization expense deducted in
determining such Consolidated Net Income, (e) to the extent added or deducted in the calculation of Consolidated Net Income, all gains or losses in connection with restructuring the Calvin Klein license owned by Parent and its Subsidiaries in
an aggregate amount not to exceed $3,000,000 in the aggregate for all periods, (f) to the 

  
 -5- 

 
extent deducted in the calculation of Consolidated Net Income, all costs in connection with the closure of certain business segments (including certain retail stores) relating to the
Borrowers’ Koret and Sag Harbor names (including, but not limited to, severance, lease buy-outs, termination costs and losses on inventory), as well as other severance costs, contract termination costs, and costs associated with the shutdown of
Borrowers’ Trenton, Tennessee distribution facility, in an aggregate amount not to exceed $1,500,000 during the term of this Agreement; provided, that the aggregate amount added back under this clause (f) for the Fiscal Year ending
January 28, 2012 shall not exceed $1,000,000, (g) to the extent deducted in the calculation of Consolidated Net Income, any costs and expenses relating to environmental claims in respect of Borrowers’ New Haven property in an amount
not to exceed $2,000,000 in the aggregate for all periods, (h) nonrecurring restructuring charges incurred during Fiscal Years 2012 and 2013, in an aggregate amount for both years not to exceed $1,750,000, to the extent not already covered by
any of the clauses (a)-(g) above, (i) losses or expenses reflected in Consolidated Net Income as a result of (A) amounts paid to Sponsor in respect of management fees to the extent (1) permitted under Section 9.2.17 (but not to
exceed $3,000,000 in any Fiscal Year) and (2) not included in Consolidated EBITDA for a prior period as accrued but unpaid management fees and expenses pursuant to clause (C) below, (B) amounts paid to Sponsor in respect of expense
reimbursements to the extent permitted under Section 9.2.17, and (C) accrued but unpaid management fees and expenses payable to Sponsor permitted under Section 9.2.17, (j) costs and expenses incurred in connection with Permitted
Acquisitions, (k) all gains or losses resulting from any adjustments of future purchase price or earnout obligations recorded on the balance sheet (to the extent required by GAAP) in connection with the Rebecca Taylor and Zobha acquisitions or
any Permitted Acquisition, in an amount not to exceed $1,000,000 in the aggregate during the term of this Agreement, (1) severance expense incurred outside of a GAAP designated restructuring event not to exceed $25,000 in Fiscal Year 2012,
(m) to the extent deducted in the calculation of Consolidated Net Income, expense associated with maintaining the stock option program not to exceed $100,000 during any trailing twelve month period, (n) payment associated with the
escheatment audit not to exceed $2,100,000 in aggregate, (o) to the extent deducted in the calculation of Consolidated Net Income, fixed asset write-offs and termination costs in connection with the closure of certain business segments
(including certain retail stores) relating to the Borrowers’ BLK DNM and Lamb and Flag names, in an aggregate amount not to exceed $5,000,000 during the term of this Agreement, (p) to the extent deducted in the calculation of Consolidated
Net Income, all non-cash costs associated with inventory write-downs in connection with the closure of certain business segments (including certain retail stores) relating to the Borrowers’ BLK DNM and Lamb and Flag names, in an aggregate
amount not to exceed $3,300,000 during the term of this Agreement, and (q) to the extent deducted in the calculation of Consolidated Net Income, any costs and expenses incurred in Fiscal Year 2012 solely in connection with the audit of the
Vince business in an amount not to exceed $350,000; provided that for the purpose of this definition, “Consolidated EBITDA” of the Parent and its subsidiaries shall be deemed to be: $5,832,000 for the fiscal quarter ended July 31,
2011, $15,604,000 for the fiscal quarter ended October 31, 2011 and $6,604,000 for the fiscal quarter ended January 31, 2012. For each period of 12 consecutive Fiscal Months ending next following the date of any Acquisition (whether
consummated before or after 

  
 -6- 

 
the Closing Date), Consolidated EBITDA shall include the results of operations of the Person or assets so acquired on a historical pro forma basis, and which amounts may include such adjustments
as are permitted under Regulation S-X of the Securities and Exchange Commission and reasonably satisfactory to Collateral Agent.  

Consolidated Net Income - for any period of computation thereof, the gross revenues from operations of Parent and its
Subsidiaries (including payments received by Parent and its Subsidiaries of (a) interest income, and (b) Distributions made in the Ordinary Course of Businesses by Persons in which investment is permitted pursuant to this Agreement and not
related to an extraordinary event), less all operating and non-operating expenses of Parent and its Subsidiaries including taxes on income, all determined on a consolidated basis in accordance with GAAP; but excluding (without duplication):
(i) net gains or losses on the sale, conversion or other disposition of capital assets, (ii) net gains or losses on the acquisition, retirement, sale or other disposition of capital stock and other securities of Parent or any Subsidiary,
(iii) net gains or losses on the collection of proceeds of life insurance policies, (iv) any write-up or write-down of any asset (provided, that write-downs of Accounts and/or Inventory shall not be so excluded), (v) any net gains
resulting from repurchases of Debt, and (vi) any other net gain or loss of an extraordinary nature as determined in accordance with GAAP.  

Consolidated Net Interest Expense - for any period, for Parent and its Subsidiaries on a consolidated basis, the sum of
(a) all interest and similar expenses that are treated as interest in accordance with GAAP, and (b) the portion of rent expense with respect to such period under Capital Lease Obligations that is treated as interest in accordance with
GAAP. For each period of 12 consecutive Fiscal Months ending next following the date of each Acquisition (whether consummated before or after the Closing Date), Consolidated Net Interest Expense as a component of Consolidated EBITDA shall be
adjusted on a historical pro forma basis to (i) eliminate interest expense accrued during such period on any Debt repaid in connection with such Acquisition and (ii) include interest expense on any Debt (including Obligations) incurred,
acquired or assumed in connection with such Acquisition (“Incremental Debt”) calculated (A) as if all such Incremental Debt had been incurred as of the first day of such 12 consecutive Fiscal Month period and (B) at the
following interest rates: (I) for all periods subsequent to the date of the Acquisition and for Incremental Debt assumed or acquired in the Acquisition and in effect prior to the date of Acquisition, at the actual rates of interest applicable
thereto, and (II) for all periods prior to the actual incurrence of such Incremental Debt, equal to the rate of interest actually applicable to such Incremental Debt hereunder or under other financing documents applicable thereto as at the end of
each affected period of such 12 consecutive Fiscal Months, as the case may be.  
 Contingent Obligation - any
obligation of a Person arising from a guaranty, indemnity or other assurance of payment or performance of any Debt, lease, dividend or other obligation (“primary obligations”) of another obligor (“primary obligor”)
in any manner, whether directly or indirectly, including any obligation of such Person under any (a) guaranty, endorsement, co-making or sale with recourse of an obligation of a primary obligor; (b) obligation to make take-or-pay or
similar payments regardless of nonperformance by any other party to an agreement; and (c) arrangement (i) to purchase 

  
 -7- 

 
any primary obligation or security therefor, (ii) to supply funds for the purchase or payment of any primary obligation, (iii) to maintain or assure working capital, equity capital, net
worth or solvency of the primary obligor, (iv) to purchase Property or services for the purpose of assuring the ability of the primary obligor to perform a primary obligation, or (v) otherwise to assure or hold harmless the holder of any
primary obligation against loss in respect thereof. The amount of any Contingent Obligation shall be deemed to be the stated or determinable amount of the primary obligation (or, if less, the maximum amount for which such Person may be liable under
the instrument evidencing the Contingent Obligation) or, if not stated or determinable, the maximum reasonably anticipated liability with respect thereto. 

Convertible Debentures - those certain $200,000,000 3.50% Convertible Senior Debentures maturing June 15, 2034,
issued pursuant to that certain Indenture dated as of June 22, 2004 by and between the Parent and Union Bank of California, N.A. or any of its successors, as trustee (as amended or supplemented from time to time, the “Convertible
Debenture Agreement”). 
 Copyright Security Agreement - each copyright security agreement pursuant to which
an Obligor grants to Collateral Agent, for the benefit of the Lenders, a Lien on such Obligor’s interest in copyrights as security for the Obligations.  

Covenant Testing Period - has the meaning assigned to such term in the Revolver Agreement.  

Covenant Testing Trigger Date - has the meaning assigned to such term in the Revolver Agreement.  

CWA - the Clean Water Act (33 U.S.C. §§ 1251 et seq.).  

Debt - as applied to any Person, without duplication, (a) all indebtedness for borrowed money, (b) all
obligations evidenced by notes, bonds, debentures, credit documents or similar instruments, (c) all Capital Leases, (d) all obligations to pay the deferred purchase price of property or services, other than trade payables incurred and
being paid in the Ordinary Course of Business, (e) all payments that would be required to be made in respect of any Hedging Agreement in the event of a termination (including an early termination) on the date of determination, (f) all
Contingent Obligations; (g) all reimbursement obligations in connection with (i) letters of credit, bank guarantees or bankers’ acceptances issued for the account of such Person or (ii) surety, customs, reclamation or performance
bonds (in each case not related to judgments or litigation) other than those entered into in the Ordinary Course of Business, (h) indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such
Person (including indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed by such Person or is limited in recourse and (i) in the case of Borrowers, the
Obligations. The Debt of a Person shall include any recourse Debt of any partnership in which such Person is a general partner or joint venturer. Notwithstanding anything herein to the contrary, the term “Debt” shall not include any
operating leases that, as a result of 

  
 -8- 

 
changes in GAAP, would classify such operating leases as Capitalized Lease Obligations, required to be reflected on a consolidated balance sheet of Borrowers in accordance with GAAP. 

Default - an event or condition that, with the lapse of time or giving of notice, would constitute an Event of Default.

 Default Rate - as defined in Section 3.1(b). 

Deposit Account - as defined in the UCC, but excluding the Excluded Accounts. 

Deposit Account Control Agreements - the Deposit Account control agreements to be executed by each institution
maintaining a Deposit Account for a Borrower, in favor of Collateral Agent, for the benefit of Lenders, as security for the Obligations. 

Distribution - any declaration or payment of a distribution, interest or dividend on any Equity Interest (other than
payment-in-kind); or any purchase, redemption, or other acquisition or retirement for value of any Equity Interest; or any payment of management or advisory fees (or other fees of a similar nature) or out-of-pocket expenses in connection therewith
by any Borrower to any holder of any Equity Interest of Parent or any Affiliate of such holder. 
 Document - as
defined in the UCC. 
 Dollars - lawful money of the United States. 

Domestic Subsidiary - a Subsidiary (other than an Immaterial Subsidiary) which is created or organized under the laws of
the United States of America, any of its states or the District of Columbia. 
 Eligible Assignee - a Person that is
(a) a Lender, U.S. based Affiliate of a Lender (other than an Obligor or any Subsidiary of an Obligor) or Approved Fund; (b) any other financial institution approved by Required Lenders and the Borrower Representative (which approval by
the Borrower Representative shall not be unreasonably withheld or delayed, and shall be deemed given if no objection is made within ten (10) Business Days after notice of the proposed assignment), that is organized under the laws of the United
States or any state or district thereof, has total assets in excess of $5 billion, extends asset based lending facilities in its ordinary course of business and whose becoming an assignee would not constitute a prohibited transaction under
Section 4975 of the Code or any other Applicable Law; and (c) during any Event of Default, any Person acceptable to Required Lenders in their discretion. 

Enforcement Action - any action to enforce any Obligations or Loan Documents or to realize upon any Collateral (whether
by judicial action, self-help, notification of Account Debtors, exercise of setoff or recoupment, or otherwise). 

Environmental Laws - all Applicable Laws (including all programs, permits and guidance promulgated by regulatory
agencies), relating to public health (but excluding occupational safety and health, to the extent regulated by OSHA) or the protection or pollution of the environment, including CERCLA, RCRA and CWA.  

  
 -9- 

 Environmental Notice - a notice from any Governmental Authority or other
Person of any possible noncompliance with, investigation of a possible violation of, litigation relating to, or potential fine or liability under any Environmental Law, or with respect to any Environmental Release, environmental pollution or
hazardous materials, including any complaint, summons, citation, order, claim, demand or request for correction, remediation or otherwise.  

Environmental Release - a release as defined in CERCLA or under any other Environmental Law.  

Equipment - as defined in the UCC, including all machinery, apparatus, equipment, fittings, furniture, fixtures, motor
vehicles and other tangible personal Property (other than Inventory), and all parts, accessories and special tools therefor, and accessions thereto.  

Equity Interest - the interest of any (a) shareholder in a corporation, (b) partner in a partnership (whether
general, limited, limited liability or joint venture), (c) member in a limited liability company, or (d) other Person having any other form of equity security or ownership interest.  

ERISA - the Employee Retirement Income Security Act of 1974.  

Event of Default - as defined in Section 10.  

Exchange Act - the Securities Exchange Act of 1934, as amended from time to time, and any successor statute. 

Exchange Offer - that certain offer by Borrower Representative, completed as of July 23, 2009, pursuant to which
Borrower Representative exchanged $117,832,000 in aggregate principal amount of its 7.875% debentures maturing July 15, 2009 and $13,790,000 in aggregate principal amount of its 7.625% debentures maturing October 15, 2017 for $120,590,000 in
aggregate principal amount of its 2009 Debentures.  
 Excluded Accounts - as defined in
Section 7.5. 
 Excluded Tax - with respect to Collateral Agent, any Lender or any other recipient of a
payment to be made by or on account of any Obligation, (a) Taxes imposed on or measured by its overall net income (however denominated), and franchise Taxes imposed on it (in lieu of net income Taxes), by the jurisdiction (or any political
subdivision thereof) under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable Lending Office is located; (b) any branch profits Taxes imposed by the
United States or any similar Tax imposed by any other jurisdiction in which any Borrower is a resident for tax purposes on the Closing Date; (c) any backup withholding Tax required by the Code to be withheld from amounts payable to a Payee that
has failed or is unable to comply with 

  
 -10- 

 
Section 5.7; (d) in the case of a Foreign Payee, any United States withholding Tax that is (i) required pursuant to laws in force at the time such Payee becomes a Payee (or
designates a new Lending Office) hereunder, or (ii) attributable to such Payee’s failure or inability (other than as a result of a Change in Law) to comply with Section 5.7, except to the extent that such Foreign Payee (or its
assignor, if any) was entitled, at the time of designation of a new Lending Office (or assignment), to receive additional amounts from Borrowers with respect to such withholding Tax; and (e) any Taxes imposed on amounts payable by Borrowers
under Sections 1471-1474 of the Code.  
 Existing Agreement - as defined in the recitals hereto.  

Extraordinary Expenses - all costs, expenses or advances that Collateral Agent or a Lender may incur during a Default or
Event of Default, or during the pendency of an Insolvency Proceeding of a Borrower (which shall be reasonable under the circumstances in which they are incurred), including those relating to (a) any audit, inspection, repossession, storage,
repair, appraisal, insurance, manufacture, preparation or advertising for sale, sale, collection, or other preservation of or realization upon any Collateral; (b) any action, arbitration or other proceeding (whether instituted by or against
Collateral Agent, any Lender, any Borrower, any representative of creditors of a Borrower or any other Person) in any way relating to any Collateral (including the validity, perfection, priority or avoidability of Collateral Agent’s Liens with
respect to any Collateral), Loan Documents or Obligations, including any lender liability or other Claims; (c) the exercise, protection or enforcement of any rights or remedies of Collateral Agent, any Lender in, or the monitoring of, any
Insolvency Proceeding; (d) settlement or satisfaction of any taxes, charges or Liens with respect to any Collateral; (e) any Enforcement Action; or (f) negotiation and documentation of any modification, waiver, workout, restructuring
or forbearance with respect to any Loan Documents or Obligations. Such costs, expenses and advances include transfer fees, taxes, storage fees, insurance costs, permit fees, utility reservation and standby fees, legal fees, appraisal fees,
brokers’ fees and commissions, auctioneers’ fees and commissions, accountants’ fees, environmental study fees, wages and salaries paid to employees of any Borrower or independent contractors in liquidating any Collateral, and travel
expenses.  
 First Amendment and Restatement Closing Date - March 18, 2011.  

Fiscal Month - one of the three fiscal periods in a Fiscal Quarter each of which is approximately one month in duration.
There are 12 Fiscal Months in each Fiscal Year.  
 Fiscal Quarter - one of the four 13-week, or, if
applicable, 14-week quarters in a Fiscal Year, with the first of such quarters beginning on the first day of a Fiscal Year and ending on a Saturday of the thirteenth (or fourteenth, if applicable) week in such quarter.  

Fiscal Year - the fiscal year of the Parent for financial accounting purposes. The current Fiscal Year will end on
January 28, 2012. 
 Fixed Charge Coverage Ratio - the ratio, determined on a consolidated basis for Parent and
its Subsidiaries for the most recent 12 consecutive Fiscal Months, of 

  
 -11- 

 (a) Consolidated EBITDA minus the sum of (i) Capital Expenditures (except those
financed with Permitted Debt other than Revolver Loans or the Second Lien Debt) plus (ii) cash taxes paid, plus (iii) Distributions made by Parent in cash (other than, to the extent included in clause (iii), without duplication,
(x) any purchase, redemption or other acquisition or retirement for value of any Equity Interest held by an employee in connection with the termination of employment, death or disability of that employee of any Obligor and (y) management
fees, costs and expenses paid to Sponsor by Borrower to the extent deducted in calculation of Consolidated Net Income), to (b) Fixed Charges.  

Fixed Charges - the sum, determined on a consolidated basis for Parent and its Subsidiaries for the most recent 12
consecutive Fiscal Months, of (a) Consolidated Net Interest Expense paid or payable in cash (and, for the avoidance of doubt, excluding those paid-in-kind or capitalized), plus (b) scheduled principal payments made on Debt in cash and
earnout payments paid in cash (other than earnout payments made in Fiscal Year 2011 in an aggregate amount not to exceed $58,500,000 by Parent and its Subsidiaries with respect to the “Vince” brand).  

FLSA - the Fair Labor Standards Act of 1938.  

Foreign Lender - any Lender that is organized under the laws of a jurisdiction other than the laws of the United States,
or any state or district thereof.  
 Foreign Payee - any Payee that is organized under the laws of a
jurisdiction other than the laws of the United States, or any state or district thereof.  
 Foreign Plan - any
employee benefit plan or arrangement maintained or contributed to by any Obligor or Subsidiary that is not subject to the laws of the United States, or any employee benefit plan or arrangement mandated by a government other than the United States
for employees of any Obligor or Subsidiary.  
 Foreign Subsidiary - a Subsidiary that is not a Domestic
Subsidiary or an Immaterial Subsidiary.  
 Full Payment - with respect to any Obligations, (a) the full
and indefeasible cash payment thereof, including any interest, fees and other charges accruing during an Insolvency Proceeding (whether or not allowed in the proceeding) and (b) a release of any Claims of Obligors arising in connection with the
Loan Documents against Collateral Agent and Lenders arising on or before the payment date. 
 GAAP - generally
accepted accounting principles in the United States in effect from time to time.  
 General Intangibles - as
defined in the UCC, including choses in action, causes of action, company or other business records, inventions, blueprints, designs, patents, patent applications, trademarks, trademark applications, trade names, trade secrets, service marks,
goodwill, brand names, copyrights, registrations, licenses, franchises, customer lists, permits, tax refund claims, computer programs, operational manuals, internet addresses and domain names, insurance refunds and premium rebates, all rights to
indemnification, and all other intangible Property of any kind.  

  
 -12- 

 Governmental Approvals - all authorizations, consents, approvals, licenses
and exemptions of, registrations and filings with, and required reports to, all Governmental Authorities.  

Governmental Authority - any federal, state, municipal, foreign or other governmental department, agency, commission,
board, bureau, court, tribunal, instrumentality, political subdivision, or other entity or officer exercising executive, legislative, judicial, regulatory or administrative functions for or pertaining to any government or court, in each case whether
associated with the United States, a state, district or territory thereof, or a foreign entity or government.  

Guarantor Payment - as defined in Section 5.8.3.  

Guarantors - each Person who guarantees payments or performance of any Obligations pursuant to Section 5.8
hereof and after the date hereof pursuant to a Joinder Agreement. It is understood that the Obligations shall not be guaranteed by any existing or future Foreign Subsidiary, including any Foreign Subsidiary of any Guarantor.  

Hedging Agreement - an agreement relating to any swap, cap, floor, collar, option, forward, cross right or obligation,
or combination thereof or similar transaction, with respect to interest rate, foreign exchange, currency, commodity, credit or equity risk.  

Immaterial Subsidiaries - American Recreation Products International, Inc., a Delaware corporation, The Kellwood
Foundation, an Illinois charitable foundation, Kellwood Financial Services, Inc., a Delaware corporation, XCSI, Inc., a Delaware corporation, Kellwood Retail Group, Inc., a Delaware corporation, MJF Imports, Inc., a New York corporation, Tri W
Corporation, a North Carolina corporation, Halmode Apparel, Inc., a Delaware corporation, New Campaign, Inc., a Delaware corporation; and any other Domestic Subsidiary formed or acquired after the Closing Date (a) which is designated as such by
the Borrower Representative in a written notice delivered to the Lenders from time to time and (b) which does not (i) own or generate any Accounts (other than intercompany Accounts) or Inventory located in the United States of America and
(ii) have revenues in any Fiscal Year in excess of $1,000,000 unless such Immaterial Subsidiary has become a Borrower pursuant to Section 9.2.20 or is an Obligor under the Revolver Agreement.  

Indemnified Taxes - all Taxes imposed on a Payee with respect to the Obligations other than Excluded Taxes. 

Indemnitees - Agent Indemnitees and Lender Indemnitees.  

Indenture - that certain Indenture dated September 30, 1997 by and between The Chase Manhattan Bank, as trustee, or
any successor trustee and the Parent, as amended, supplemented or restated from time to time, pursuant to which certain debt securities have been issued by the Parent. 

  
 -13- 

 Insolvency Proceeding - any case or proceeding commenced by or against a
Person under any state, federal or foreign law for, or any agreement of such Person to, (a) the entry of an order for reorganization or other similar relief under the Bankruptcy Code, or any other insolvency, debtor relief or debt adjustment
law; (b) the appointment of a receiver, trustee, liquidator, administrator, conservator or other custodian for such Person or any part of its Property; or (c) an assignment or trust mortgage for the benefit of creditors.  

Instrument - as defined in the UCC.  

Insurance Assignment - each collateral assignment of insurance pursuant to which an Obligor assigns to Collateral Agent,
for the benefit of the Lenders, such Obligor’s rights under business interruption or other insurance policies as Collateral Agent and Required Lenders reasonably deems it appropriate to be assigned, as security for the Obligations.  

Intellectual Property - all intellectual and similar Property of a Person, including inventions, designs, patents,
patent applications, copyrights, trademarks, service marks, trade names, trade secrets, confidential or proprietary information, customer lists, know-how, software and databases; all embodiments or fixations thereof and all related documentation,
registrations and franchises; all books and records describing or used in connection with the foregoing; and all licenses or other rights to use any of the foregoing.  

Intellectual Property Claim - any claim or assertion (whether in writing, by suit or otherwise) that a Borrower’s
or Domestic Subsidiary’s ownership, use, marketing, sale or distribution of any Inventory, Intellectual Property or other Property violates another Person’s Intellectual Property.  

Intercreditor Agreement - means that certain Intercreditor Agreement dated as of the date hereof, by and among each
Lender, Parent, Wells Fargo Bank, National Association, Cerberus Business Finance, LLC and any other parties thereto, as may be amended from time to time.  

Inventory - as defined in the UCC, including all goods intended for sale, lease, display or demonstration; all work in
process; and all raw materials, and other materials and supplies of any kind that are or could be used in connection with the manufacture, printing, packing, shipping, advertising, sale, lease or furnishing of such goods, or otherwise used or
consumed in an Obligor’s business (but excluding Equipment).  
 Investment - any acquisition of all or
substantially all assets of a Person; any acquisition of record or beneficial ownership of any Equity Interests of a Person; or any advance or capital contribution to or other investment in a Person.  

Joinder Agreement - an agreement substantially in the form of Exhibit D hereto by which a Domestic Subsidiary of
Parent becomes a Borrower hereunder.  
 Lender Indemnitees - Lenders and their officers, directors, employees,
Affiliates (other than an Obligor or any Subsidiary of an Obligor), agents and attorneys. 

  
 -14- 

 Lenders - as defined in the preamble to this Agreement, including any
other Person who hereafter becomes a “Lender” pursuant to an Assignment and Acceptance.  
 Lending
Office - the office designated as such by the applicable Lender at the time it becomes party to this Agreement or thereafter by notice to Collateral Agent and Borrower Representative. 

License - any license or agreement under which a Borrower is authorized to use Intellectual Property in connection with
any manufacture, marketing, distribution or disposition of Collateral, any use of Property or any other conduct of its business. 

Licensor - any Person from whom a Borrower obtains the right to use any Intellectual Property. 

Lien - any Person’s interest in Property securing an obligation owed to, or a claim by, such Person, whether such
interest is based on common law, statute or contract, including liens, security interests, pledges, hypothecations, statutory trusts, reservations, exceptions, encroachments, easements, rights-of-way, covenants, conditions, restrictions, leases, and
other title exceptions and encumbrances affecting Property. 
 Loan(s) - the Term A Loan. 

Loan Account - the loan account established by each Lender on its books pursuant to Section 5.6. 

Loan Documents - this Agreement, Other Agreements and the Security Documents. 

Loan Year - each calendar year commencing on the Closing Date and on each anniversary of the Closing Date. 

Management Services Agreement - that certain Management Services Agreement dated as of May 29, 2008 by and between
Parent and Sun Capital Partners Management V, LLC, as in effect on the date hereof. 
 Margin Stock - as defined in
Regulation U of the Board of Governors. 
 Material Adverse Effect - the effect of any event or circumstance that,
taken alone or in conjunction with other events or circumstances, (a) has or could be reasonably expected to have a material adverse effect on the business, operations, Properties, or condition (financial or otherwise) of Borrowers taken as a
whole, on the value of any material Collateral, on the enforceability of any Loan Documents, or on the validity or priority of Collateral Agent’s Liens on any Collateral; (b) impairs the ability of Borrowers taken as a whole to repay the
Obligations or materially impairs the ability of any Borrower to perform any other obligation under the Loan Documents, or (c) otherwise impairs the ability of any Lender to enforce or collect any Obligations or of the Collateral Agent to
realize upon any Borrowing Base Collateral (under and as defined in the Revolver Agreement). 

  
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 Material Contract - any agreement or arrangement to which an Obligor is
party (other than the Loan Documents, the Second Lien Debt Documents or Revolver Loan Documents) (a) for which breach, termination, nonperformance or failure to renew could reasonably be expected to have a Material Adverse Effect, or
(b) that relates to Subordinated Debt, Debt under the 2009 Indenture or Debt in an aggregate amount of $46,000,000 or more. 

Moody’s - Moody’s Investors Service, Inc., and its successors. 

Multiemployer Plan - any employee benefit plan or arrangement described in Section 4001(a)(3) of ERISA that is
maintained or contributed to by any Obligor. 
 Notes - the Term A Note or other promissory note executed by a
Borrower to evidence any Obligations. 
 Obligations - all (a) principal of and premium, if any, on the Loans,
(b) interest (which shall include any capitalized interest), expenses, fees and other sums payable by Obligors under Loan Documents, (c) obligations of Obligors under any indemnity for Claims, (d) Extraordinary Expenses, and
(e) other Debts, obligations and liabilities of any kind owing by Obligors pursuant to the Loan Documents, whether now existing or hereafter arising, whether evidenced by a note or other writing, whether allowed or allowable in any Insolvency
Proceeding, whether arising from an extension of credit, issuance of a letter of credit, acceptance, loan, guaranty, indemnification or otherwise, and whether direct or indirect, absolute or contingent, due or to become due, primary or secondary, or
joint or several. 
 Obligor - each Borrower, any Guarantor and any other Person that is liable for payment of the
Obligations or that has granted a Lien in favor of Collateral Agent on its assets to secure the Obligations. 
 OFAC -
The Office of Foreign Assets Control of the U.S. Department of the Treasury. 
 Ordinary Course of Business - the
ordinary course of business of any Borrower or Subsidiary and undertaken in good faith. 
 Organic Documents - with
respect to any Person, its charter, certificate or articles of incorporation, bylaws, articles of organization, limited liability agreement, operating agreement, members agreement, shareholders agreement, partnership agreement, certificate of
partnership, certificate of formation, voting trust agreement, or similar agreement or instrument governing the formation or operation of such Person. 

OSHA - the Occupational Safety and Hazard Act of 1970. 

Other Agreement - each Note, financial statement, report delivered hereunder, 2009 Debenture Intercreditor Agreement,
Intercreditor Agreement, the Security Documents or other document, instrument or agreement (other than this Agreement or a Security Document) now or hereafter executed by an Obligor or other Person in favor of

  
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Collateral Agent or a Lender in connection with any transactions relating hereto, but excluding, for the avoidance of doubt, the Management Services Agreement or any documents executed in
connection with any equity investment in any Obligor. 
 Other Taxes - all present or future stamp or documentary
taxes or any other excise or property taxes, charges or similar levies arising from any payment made under any Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to, any Loan Document.  

Parent - as defined in the preamble to this Agreement.  

Participant - as defined in Section 12.2.  

Patent Security Agreement - each patent security agreement pursuant to which an Obligor grants to Collateral Agent, for
the benefit of Lenders, a Lien on such Obligor’s interests in its patents, as security for the Obligations. 

Patriot Act - the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct
Terrorism Act of 2001, Pub. L. No. 107-56, 115 Stat. 272 (2001).  
 Payee - Collateral Agent, any Lender
or any other recipient of a payment to be made by or on account of any Obligation.  
 Payment Item - each
check, draft or other item of payment payable to a Borrower, including those constituting proceeds of any Collateral. 

Permitted Acquisition - any Acquisition effected with the consent and approval of the board of directors or other
applicable governing body of the Person being acquired, and with the duly obtained approval of such shareholders or other holders of equity or other ownership interest as such Person may be required to obtain, so long as (i) immediately prior
to and immediately after the consummation of such Acquisition, no Default or Event of Default has occurred and is continuing, (ii) substantially all of the sales and operating profits generated by such Person (or assets) so acquired or invested
are derived from a line or lines of business that are part of, or complementary, to the business as then conducted by Borrowers and Subsidiaries and (iii) otherwise permitted under the Revolver Agreement, as in effect on the date hereof. 

 Permitted Asset Disposition - an Asset Disposition that is (a) a sale of Inventory in the Ordinary Course
of Business; (b) one or more dispositions of Equipment or Real Estate so long as the net book value, as determined in accordance with GAAP, in the aggregate for all such dispositions does not to exceed $5,000,000 over the term of the Agreement;
(c) a disposition of Inventory that is obsolete, unmerchantable or otherwise unsalable in the Ordinary Course of Business; (d) a termination of a lease of real or personal Property or License that is not necessary for the Ordinary Course
of Business, could not reasonably be expected to have a Material Adverse Effect and does not result from an Obligor’s default; (e) a disposition of Investments of the type described in clause (c) of the definition of “Restricted
Investments” in the ordinary course of management of 

  
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the investment portfolio of Borrowers and Subsidiaries; (f) replacement of Equipment that is worn, damaged or obsolete with Equipment of like function and value, if the replacement Equipment
is acquired substantially contemporaneously with such disposition and is free of Liens; (g) the sale of the Phat Farm business and related intellectual property, so long as no Event of Default exists and the gross cash proceeds from such sale
are not less than $3,500,000 or (h) otherwise permitted under the Revolver Agreement, as in effect on the date hereof.  

Permitted Contingent Obligations - Contingent Obligations (a) arising from endorsements of Payment Items for
collection or deposit in the Ordinary Course of Business; (b) arising from Hedging Agreements permitted hereunder; (c) existing on the Closing Date, and any extension or renewal thereof that does not increase the amount of such Contingent
Obligation when extended or renewed; (d) incurred in the Ordinary Course of Business with respect to surety, appeal or performance bonds, or other similar obligations; (e) arising from customary indemnification obligations in favor of
purchasers in connection with dispositions of Equipment permitted hereunder; (f) arising under the Loan Documents; or (g) guarantee obligations of a Borrower or any Domestic Subsidiary in respect of Debt or operating leases and other
non-Debt obligations otherwise permitted under this Agreement of a Borrower or any wholly-owned Domestic Subsidiary.  

Permitted Distributions - any Distribution permitted under the Revolver Agreement, as in effect on the date hereof. 

Permitted Investment - investments described in clauses (a) - (i) of the definition of Restricted Investment. 

 Permitted Lien - as defined in Section 9.2.2.  

Permitted Purchase Money Debt - Purchase Money Debt of Borrowers and Subsidiaries that is unsecured or secured only by a
Purchase Money Lien, provided that the aggregate outstanding amount of such Purchase Money Debt shall not exceed $5,750,000 at any time.  

Person - any individual, corporation, limited liability company, partnership, joint venture, joint stock company, land
trust, business trust, unincorporated organization, Governmental Authority or other entity. 
 Plan - an employee
pension benefit plan that is covered by Title IV of ERISA or subject to the minimum funding standards under Section 412 of the Internal Revenue Code and that is either (a) maintained by an Obligor for employees or (b) maintained
pursuant to a collective bargaining agreement, or other arrangement under which more than one employer makes contributions and to which an Obligor is making or accruing an obligation to make contributions or has within the preceding five years made
or accrued such contributions.  
 Pro Rata - with respect to any Lender, a percentage (expressed as a decimal,
rounded to the ninth decimal place) determined by dividing the amount of such Lender’s Loan amount as set forth on Schedule 1.1 by all outstanding Loans. 

  
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 Properly Contested - with respect to any obligation of an Obligor,
(a) the obligation is subject to a bona fide dispute regarding amount or such Obligor’s liability to pay; (b) the obligation is being properly contested in good faith by appropriate proceedings promptly instituted and diligently
pursued; (c) appropriate reserves have been established in accordance with GAAP; (d) non-payment could not have a Material Adverse Effect, nor result in forfeiture or sale of any Collateral of such Obligor with a value in excess of
$287,500; (e) no Lien is imposed on Collateral of such Obligor, unless bonded and stayed to the satisfaction of the Required Lenders; and (f) if the obligation results from entry of a judgment or other order, such judgment or order is
stayed pending appeal or other judicial review. 
 Property - any interest in any kind of property or asset, whether
real, personal or mixed, or tangible or intangible.  
 Purchase Money Debt - (a) Debt (other than the
Obligations) for payment of any of the purchase price of fixed assets which does not exceed on the date of acquisition the cost or fair market value, whichever is lower, of the Property being acquired on the date of acquisition; (b) Debt (other
than the Obligations) incurred within 10 days before or after acquisition of any fixed assets, for the purpose of financing any of the purchase price thereof; and (c) any renewals, extensions or refinancings (but not increases) of items
described in the preceding clauses (a) and (b).  
 Purchase Money Lien - a Lien that secures
Purchase Money Debt, encumbering only the fixed assets acquired with such Debt and constituting a Capital Lease or a purchase money security interest under the UCC.  

RCRA - the Resource Conservation and Recovery Act (42 U.S.C. §§ 6991-6991i).  

Real Estate - all right, title and interest (whether as owner, lessor or lessee) in any real Property or any buildings,
structures, parking areas or other improvements thereon.  
 Refinancing conditions - the following conditions
for Refinancing Debt: (a) it is in an aggregate principal amount (including, any capitalized interest with respect thereto that does not exceed the principal amount (to the extent such interest was permitted to be capitalized hereunder)) of the
Debt being extended, renewed or refinanced; (b) if the original Debt was subordinated to the Obligations, it is subordinated to the Obligations at least to the same extent as the Debt being extended, renewed or refinanced; (c) the
representations, covenants and defaults applicable to it are no less favorable in any material respect to Obligors than those applicable to the Debt being extended, renewed or refinanced; (d) no Lien is granted to secure it other than Liens
securing the original Debt; (e) if the original Debt was the obligation of a Foreign Subsidiary, no Obligor becomes obligated on such Debt; (f) upon giving effect to it, no Default or Event of Default exists; (g) if the Stated
Maturity of the Debt being extended, renewed or refinanced is earlier than the Stated Maturity of the Obligations, it has a Stated Maturity no earlier than the Stated Maturity of the Debt being extended, renewed or refinanced; and (h) it has a
Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of the Debt being extended, renewed or refinanced.  

  
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 Refinancing Debt - Debt that is the result of an extension, renewal or
refinancing of Debt permitted under Section 9.2.1(b), (d) or (j). 
 Reportable Event - any event set
forth in Section 4043(b) of ERISA.  
 Required Lenders - the Lenders having Loans in excess of 51% of all
outstanding Loans.  
 Responsible Officer - with respect to all certificates and financial matters hereunder,
President, Chief Executive Officer, and Chief Financial Officer of a Borrower (the “Principal Responsible Officers”) and, with respect to all notices and other matters hereunder, any Principal Responsible Officer, the Vice
President, Finance and Controller, Vice President, Treasurer or General Counsel of the Borrower Representative or any other officer expressly designated by the Board of Directors of the Borrower Representative (or the appropriate committee thereof)
or a Principal Responsible Officer as a Responsible Officer of the Borrower Representative. Any document delivered hereunder that is signed by a Responsible Officer of the Borrower Representative shall be conclusively presumed to have been
authorized by all necessary corporate and/or other action on the part of the Borrower Representative and each other Borrower on whose behalf it is delivered and such Responsible Officer shall be conclusively presumed to have acted on behalf of the
Borrower Representative and each such Borrower.  
 Restricted Investment - any Investment by an Obligor, other
than (a) Investments (other than those permitted by clause (b) through (g) of this definition) that are existing on the Closing Date and are listed on Schedule 9.2.5; (b) Investments in Subsidiaries to the extent
existing on the Closing Date; (c) cash and Cash Equivalents that are subject to Collateral Agent’s Lien and, subject to the Intercreditor Agreement, control; provided that, the cash consisting of collected funds and Cash Equivalents held
by the Obligors shall not exceed $11,500,000 in the aggregate (excluding amounts held in employee trust accounts) for more than three (3) consecutive Business Days so long as any Revolver Debt is outstanding, (d) loans, advances and credit
extensions permitted under Section 9.2.7; (e) Investments of (i) any Subsidiary in a Borrower or (ii) any Obligor in another Obligor or (iii) any Subsidiary which is not an Obligor in another Subsidiary which is not
an Obligor; (f) with respect to any Obligor, Permitted Acquisitions; (g) Investments permitted by Section 9.2.9; (h) other Investments and Acquisitions consummated after the Closing Date by any Subsidiary which is not an
Obligor which Investments or Acquisitions do not contain any Contingent Obligations, or any direct or contingent liabilities, of any Obligor and which have not been financed in whole or in part by any Obligor and (i) any other Investment
permitted under the Revolver Agreement, as in effect on the date hereof.  
 Restrictive Agreement - an
agreement (other than a Loan Document, Revolver Loan Documents and Second Lien Debt Documents) that conditions or restricts the right of any Borrower, Domestic Subsidiary or other Obligor to incur or repay the Obligations,

  
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to grant Liens on the Collateral, to declare or make Distributions to an Obligor, to modify, extend or renew the Obligations, or to repay any intercompany Debt owed to an Obligor. 

Revolver Agreement - means that certain Credit Agreement dated as of the date hereof, among the Parent and its Domestic
Subsidiaries from time to time party thereto, the financial institutions party thereto and Wells Fargo Bank, National Association (the “Revolver Agent”), as agent for the Lenders (as defined therein) (as may be amended, restated,
supplemented, refunded, refinanced, replaced or otherwise modified from time to time subject to the terms of this Agreement and the Intercreditor Agreement). 

Revolver Debt - shall mean the ‘Obligations’ as defined in the Revolver Agreement (as may be amended,
restated, supplemented, refunded, refinanced, replaced or otherwise modified from time to time subject to the terms of this Agreement and the Intercreditor Agreement). 

Revolver Loan Documents - means ‘Loan Documents’ as defined in the Revolver Agreement (as may be amended,
restated, supplemented, refunded, refinanced, replaced or otherwise modified from time to time subject to the terms of this Agreement and the Intercreditor Agreement). 

Royalties - all royalties, fees, expense reimbursement and other amounts payable by an Obligor under a License. 

S&P - Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc., and its
successors. 
 Sanctioned Entity - (a) a country or a government of a country, (b) an agency of the
government of a country, (c) an organization directly or indirectly controlled by a country or its government, (d) a Person resident in or determined to be resident in a country, in each case, that is subject to a country sanctions program
administered and enforced by OFAC. 
 Sanctioned Person - a person named on the list of Specially Designated Nationals
maintained by OFAC. 
 Second Lien Agent - Cerberus Business Finance, LLC or its successors or assigns. 

Second Lien Debt - indebtedness and other obligations evidenced by the Second Lien Debt Documents and subject to the
Intercreditor Agreement. 
 Second Lien Debt Documents - Term Loan Agreement dated as of the date hereof, among the
Parent and its Domestic Subsidiaries from time to time party thereto, the Second Lien Agent and lenders from time to time party thereto (the “Second Lien Term Loan Agreement”) and the “Loan Documents” as defined therein.

 Securities Account Control Agreements - the Securities Account control agreements to be executed by each securities
intermediary maintaining a Securities Account for a Borrower, in favor of Collateral Agent, for the benefit of Lenders, as security for the Obligations. 

  
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 Securities Account - as defined in the UCC. 

Security Agreement - the security agreement dated as of the date hereof made by each Obligor in favor of Collateral
Agent, for the benefit of Lenders, securing the Obligations. 
 Security Documents - the Security Agreement, the
Copyright Security Agreement, the Patent Security Agreement, Trademark Security Agreements, insurance assignments, control agreements, and all other documents, instruments and agreements now or hereafter securing (or given with the intent to secure)
any Obligations. 
 Software - as defined in the UCC. 

Solvent - as to any Person, such Person (a) owns Property whose fair salable value is greater than the amount
required to pay all of its debts (including contingent, subordinated, unmatured and unliquidated liabilities); (b) owns Property whose present fair salable value (as defined below) is greater than the probable total liabilities (including
contingent, subordinated, unmatured and unliquidated liabilities) of such Person as they become absolute and matured; (c) is able to pay all of its debts as they mature; (d) has capital that is not unreasonably small for its business and
is sufficient to carry on its business and transactions and all business and transactions in which it is about to engage; (e) is not “insolvent” within the meaning of Section 101(32) of the Bankruptcy Code; and (f) has not
incurred (by way of assumption or otherwise) any obligations or liabilities (contingent or otherwise) under any loan documents, or made any conveyance in connection therewith, with actual intent to hinder, delay or defraud either present or future
creditors of such Person or any of its Affiliates. “Fair salable value” means the amount that could be obtained for assets within a reasonable time, either through collection or through sale under ordinary selling conditions by a
capable and diligent seller to an interested buyer who is willing (but under no compulsion) to purchase. 
 Sponsor -
means Sun Capital Partners, Inc. or any of its Affiliates. 
 Stated Maturity - with respect to any installment of
interest or principal on any series of Debt, the date on which the payment of interest or principal was scheduled to be paid in the documentation governing such Debt as of the date of this Agreement, and shall not include any contingent obligations
to repay, redeem or repurchase any such interest or principal prior to the date originally scheduled for the payment thereof. 

Subordinated Debt - Debt incurred by a Borrower that is expressly subordinate and junior in right of payment to Full
Payment of all Obligations in a manner and form satisfactory to each Lender, and is unsecured and does not amortize prior to the Termination Date. 

  
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 Subsidiary - any entity at least 50% of whose voting securities or Equity
Interests is owned by an Obligor or any combination of Obligors (including indirect ownership by an Obligor through other entities in which such Obligor directly or indirectly owns 50% of the voting securities or Equity Interests). 

Taxes - all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding),
assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

Trademark Security Agreement - each trademark security agreement pursuant to which an Obligor grants to Collateral
Agent, for the benefit of Lenders, a Lien on such Obligor’s interests in trademarks, as security for the Obligations. 

Term A Loans - the loans made pursuant to Section 2.1.1 of this Agreement. The amount of each Lender’s
Pro Rata share of the Term B Loans as of the Closing Date is set forth on Schedule 1.1.  
 Term A Notes
- a promissory note by Borrowers in favor of a Lender in the form of Exhibit A, evidencing the amount of such Lender’s Term A Loan amount as set forth on Schedule 1.1. 

Term B/C/D/E/F Loan Agreement - means that certain Fourth Amended and Restated Term Loan Agreement, dated as of the date
hereof, by and among Parent, Borrowers, the other obligors party thereto, SCSF Finance, Sun Finance and the Collateral Agent.  

Term B/C/D/E/F Loan Debt - means the ‘Obligations’ as defined in the Term B/C/D/E/F Loan Agreement, as in
effect on the date hereof or as amended or modified in a manner consistent with the terms of the Intercreditor Agreement.  

Termination Date - shall mean the earlier of (i) January 19, 2017, (ii) the date on which the Second Lien
Debt under the Second Lien Term Loan Agreement has been paid in full in cash and all commitments to lend under the Second Lien Term Loan Agreement have been terminated; provided that, if the stated maturity date of the Second Lien Debt is extended,
the stated maturity date set forth in clause (i) of this definition of the Loans shall be extended by a period of the same duration and (iii) the date on which all the Loans and Obligations are accelerated pursuant to Section 10.2.
 
 Transferee - any actual or potential Eligible Assignee, Participant or other Person acquiring an interest
in any Obligations. 
 UCC - the Uniform Commercial Code as in effect in the State of Illinois or, when the laws of
any other jurisdiction govern the perfection or enforcement of any Lien, the Uniform Commercial Code of such jurisdiction.  

Ultimate Parent - Kellwood Holding Corp., a Delaware corporation. 

  
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 Upstream Payment - a Distribution by a Subsidiary of a Borrower to such
Borrower. 
 US Foreign Holdco - any Domestic Subsidiary that is a holding company and whose assets consist solely of
Stock or other equity of a Foreign Subsidiary and other assets of de minimis value (it being understood that such Domestic Subsidiary does not own any Accounts or Inventory).  

Weighted Average Life to Maturity - when applied to any Debt at any date, the number of years obtained by dividing
(a) the sum of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect of the Debt, by
(ii) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment, by (b) the then outstanding principal amount of such Debt.  

1.2 Accounting Terms. Under the Loan Documents (except as otherwise specified herein), all accounting terms shall be
interpreted, all accounting determinations shall be made, and all financial statements shall be prepared, in accordance with GAAP applied on a basis consistent with the most recent audited financial statements of Borrowers delivered to the Lenders
before the Closing Date and using the same inventory valuation method as used in such financial statements. If GAAP changes during the term of this Agreement, or if the Borrowers interpret or apply GAAP differently (and Borrowers’ certified
public accountants concur in such interpretation or application) from how it was interpreted or applied in preparing the financial statements provided to the Lenders prior to the Closing Date, such that any financial ratios or covenants contained
herein would then be calculated in a different manner or with different components, then Borrowers shall provide the Lenders with prior written notice of any such changes and upon the request of either the Borrowers or the Lenders, the Borrowers and
the Lenders agree to negotiate in good faith to amend this Agreement in such respects as are necessary to conform those financial ratios or covenants as criteria for evaluating the Obligors’ financial condition to substantially the same
criteria as were effective prior to such change in GAAP; provided, however, that, until the Borrowers, the Lenders so amend this Agreement, all such covenants shall be calculated in accordance with GAAP as in effect immediately prior to such change.

 1.3 Uniform Commercial Code. As used herein, the following terms are defined in accordance with the UCC in effect in the
State of Illinois from time to time: “Chattel Paper,” “Deposit Account,” “Document,” “Equipment,” “General Intangibles” and “Instrument.” 

1.4 Certain Matters of Construction. The terms “herein,” “hereof,” “hereunder” and other words of
similar import refer to this Agreement as a whole and not to any particular section, paragraph or subdivision. Any pronoun used shall be deemed to cover all genders. In the computation of periods of time from a specified date to a later specified
date, “from” means “from and including,” and “to” and “until” each mean “to but excluding.” The terms “including” and “include” shall mean “including, without
limitation” and, for purposes of each Loan Document, the parties agree that the rule of ejusdem generis shall not be applicable to limit any provision. Section titles appear as a matter of convenience only and shall not affect the

  
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interpretation of any Loan Document. All references to (a) laws or statutes include all related rules, regulations, interpretations, amendments and successor provisions; (b) any
document, instrument or agreement include any amendments, waivers and other modifications, extensions or renewals (to the extent permitted by the Loan Documents); (c) any section mean, unless the context otherwise requires, a section of this
Agreement; (d) any exhibits or schedules mean, unless the context otherwise requires, exhibits and schedules attached hereto, which are hereby incorporated by reference; (e) any Person include successors and assigns; (f) time of day
mean time of day at Lenders’ notice addresses under Section 13.3.1; or (g) discretion of any Lender mean the sole and absolute discretion of such Person. All calculations of fundings of the Loans, and payments of Obligations
shall be in Dollars and, unless the context otherwise requires, all determinations made from time to time under the Loan Documents shall be made in light of the circumstances existing at such time. Borrowers shall have the burden of establishing any
alleged negligence, misconduct or lack of good faith by any Lender under any Loan Documents. No provision of any Loan Documents shall be construed against any party by reason of such party having, or being deemed to have, drafted the provision. 

Section 2. CREDIT FACILITIES 
 2.1
Term Loans 
 2.1.1 Term A Loans. Each Lender severally made a Term A Loan to the Borrowers prior to the date hereof. The
amount of Term A Loans outstanding as of the date hereof is set forth on Schedule 1.1 hereto. 
 2.1.2 Term Notes. The
Term A Loans made by each Lender and interest accruing thereon shall be evidenced by the records of such Lender. At the request of any Lender, Borrowers shall deliver a Term A Note in the principal amount equal to such Lender’s Term A Loans to
such Lender. 
 2.1.3 Use of Proceeds. The proceeds of the Term A Loans were used by the Borrowers to pay certain amounts due under
the 2009 Holdouts (as defined in the Existing Agreement) and to finance their mutual and collective business enterprise. 
 2.1.4
Prepayments. (a) Voluntary Prepayments. Borrowers may at any time on at least five (5) days’ prior written notice by Borrower Representative to each Lender voluntarily prepay all or part of the Loans; provided
that any such prepayments or reductions shall be in a minimum amount of $500,000 and integral multiples of $250,000 in excess of such amount. 

(b) Mandatory Prepayments. 

(i) Upon the occurrence of a Change of Control, the Borrowers shall make Full Payment of all Obligations; 

(ii) Upon the sale of all or substantially all of the assets of the Borrowers and their Subsidiaries taken as a whole, in a transaction
or a series of transactions, the Borrowers shall make Full Payment of all Obligations; and 

  
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 (iii) On Termination Date, the Borrowers shall make Full Payment of all Obligations. 

Section 3. INTEREST AND CHARGES 

3.1 Rates and Payment of Interest. (a) The Obligations shall bear interest as follows: 10% per annum will be payable by
adding such accrued interest to the principal amount of the Loans on the last day of the Fiscal Quarter then ended; provided, that Borrowers may elect, at their option, so long as Excess Availability (as defined in the Revolver Agreement, as
in effect on the date hereof) is not less than $45,000,000, to pay a portion of such interest equal to 5% per annum in cash. Interest shall accrue from the date the Loans are advanced or the Obligation is incurred or payable, until paid by
Borrowers. 
 (b) During an Insolvency Proceeding with respect to any Borrower, or during any other Event of Default if the Required
Lenders in their discretion so elect, Obligations shall bear interest at a rate equal to the rates set forth in Section 3.1(a) plus 2.0% (the “Default Rate”). To the extent permitted by the Intercreditor
Agreement, the Default Rate shall be payable in cash. To the extent the Intercreditor Agreement does not permit the Default Rate to be paid in cash, the Default Rate shall be paid in kind by capitalizing such amount to the principal amount of the
Loans on the last day of the Fiscal Quarter then ended. Each Borrower acknowledges that the cost and expense to each Lender due to an Event of Default are difficult to ascertain and that the Default Rate is a fair and reasonable estimate to
compensate the Lenders for such added cost and expense. 
 (c) Interest accrued on the Loans shall be due and payable in arrears,
(i) on the last day of each Fiscal Quarter, (ii) on any date of prepayment, with respect to the principal amount of the Loans being prepaid; and (iii) on the Termination Date. Interest accrued on any other Obligations shall be due and
payable as provided in the Loan Documents and, if no payment date is specified, shall be due and payable on demand. Notwithstanding the foregoing, interest accrued at the Default Rate shall be due and payable on demand. 

3.2 Computation of Interest and Yield Protection. All computations of interest shall be computed for the actual
days elapsed, based on a 365-day or 366-day year as applicable. Each determination by the Lenders of any interest, fees or interest rate hereunder shall be final, conclusive and binding for all purposes, absent manifest error. 

3.3 Reimbursement Obligations. Subject to the terms of the Intercreditor Agreement, Borrowers shall reimburse Collateral
Agent and Lenders, without duplication, for all Extraordinary Expenses. Borrowers shall also reimburse the Collateral Agent and each Lender for all reasonable out-of-pocket and invoiced legal fees (which invoice may omit information that such
counsel reasonably deems privileged) and all reasonable out-of-pocket accounting, appraisal, consulting, and other fees, costs and expenses incurred by it in connection with (a) negotiation and preparation of any Loan Documents, including any
amendment or other modification thereof; (b) administration of and actions relating to any Collateral, Loan Documents and transactions contemplated thereby, including any actions taken to perfect or maintain priority of Collateral Agent’s
Liens on any Collateral, to maintain any insurance required hereunder or to verify Collateral; and (c) subject to the limits of Section 9.1.1, each 

  
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inspection, audit or appraisal with respect to any Obligor or Collateral, whether prepared by Collateral Agent’s or Lender’s personnel or a third party. All legal, accounting and
consulting fees shall be charged to Borrowers by Collateral Agent’s or a Lender’s professionals at their full hourly rates, regardless of any reduced or alternative fee billing arrangements that Collateral Agent, any Lender or any of their
Affiliates (other than an Obligor or any Subsidiary of an Obligor) may have with such professionals with respect to this or any other transaction. All amounts reimbursable by Borrowers under this Section shall constitute Obligations secured by the
Collateral and shall be payable on demand. 
 3.4 Capital Adequacy. If a Lender determines that any introduction of or
any change in a Capital Adequacy Regulation, any change in the interpretation or administration of a Capital Adequacy Regulation by a Governmental Authority charged with interpretation or administration thereof, or any compliance by such Lender or
any Person controlling such Lender with a Capital Adequacy Regulation, increases the amount of capital required or expected to be maintained by such Lender or Person (taking into consideration its capital adequacy policies and desired return on
capital) as a consequence of such Lender’s Loans or other Obligations under the Loan Documents, then Borrowers shall, subject to the Intercreditor Agreement, within five days following demand therefor, pay such Lender an amount sufficient to
compensate for such increase. A Lender’s demand for payment (delivered to Borrower Representative) shall set forth the nature of the occurrence giving rise to such compensation and a calculation of the amount to be paid. In determining such
amount, the Lender may use any reasonable averaging and attribution method. 
 3.5 Mitigation. Each Lender
agrees that (i) upon becoming aware that it is subject to Section 3.4 or 5.6, it will take reasonable measures to reduce Borrowers’ obligations under such Sections, including funding or maintaining its Loans
through another office, as long as use of such measures would not adversely affect the Lender’s Loans, business or interests, and would not be inconsistent with any internal policy or applicable legal or regulatory restriction and
(ii) Borrowers shall have no obligation to reimburse any Lender under Sections 3.4 or 5.7 for costs or taxes incurred more than 90 days prior to notice to Borrower Representative with respect thereto. 

3.6 Maximum Interest. In no event shall interest, charges or other amounts that are contracted for, charged or
received by the Lenders pursuant to any Loan Documents and that are deemed interest under Applicable Law (“interest”) exceed the highest rate permissible under Applicable Law (“maximum rate”). If, in any month, any interest rate,
absent the foregoing limitation, would have exceeded the maximum rate, then the interest rate for that month shall be the maximum rate and, if in a future month, that interest rate would otherwise be less than the maximum rate, then the rate shall
remain at the maximum rate until the amount of interest actually paid equals the amount of interest which would have accrued if it had not been limited by the maximum rate during prior periods. If, upon Full Payment of the Obligations, the total
amount of interest actually paid under the Loan Documents is less than the total amount of interest that would, but for this Section, have accrued under the Loan Documents, then Borrowers shall, to the extent permitted by Applicable Law, pay to each
Lender (a) the lesser of (i) the amount of interest that would have been charged if the maximum rate had been in effect at all times, or (ii) the amount of interest that would have accrued had the interest rate otherwise set forth in
the Loan Documents been in effect, minus (b) the amount of interest actually paid under 

  
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the Loan Documents. If a court of competent jurisdiction determines that any Lender has received interest in excess of the maximum amount allowed under Applicable Law, such excess shall be deemed
received on account of, and shall automatically be applied to reduce, Obligations other than interest (regardless of any erroneous application thereof by any Lender), and upon Full Payment of the Obligations, any balance shall be refunded to
Borrowers. In determining whether any excess interest has been charged or received by any Lender, all interest at any time charged or received from Borrowers in connection with the Loan Documents shall, to the extent permitted by Applicable Law, be
amortized, prorated, allocated and spread in equal parts throughout the full term of the Obligations. 
 Section 4. LOAN ADMINISTRATION. 

4.1 Borrower Representative. Each Borrower hereby designates the Borrower Representative as its representative and agent
for all purposes under the Loan Documents, including delivery or receipt of communications with any Lender, preparation and delivery of financial reports, receipt and payment of Obligations, requests for waivers, amendments or other accommodations,
actions under the Loan Documents (including in respect of compliance with covenants), and all other dealings with any Lender. Borrower Representative hereby accepts such appointment. Collateral Agent and Lenders shall be entitled to rely upon, and
shall be fully protected in relying upon, any notice or communication delivered by Borrower Representative on behalf of any Borrower. Lenders may send any notice or communication with a Borrower hereunder to Borrower Representative on behalf of such
Borrower. Lenders shall have the right, in its discretion, to deal exclusively with Borrower Representative for any or all purposes under the Loan Documents. Each Borrower agrees that any notice election, communication, representation, agreement or
undertaking made on its behalf by Borrower Representative shall be binding upon and enforceable against it. 
 4.2 One
Obligation. The Loans and other Obligations shall constitute one general obligation of Borrowers and (unless otherwise expressly provided in any Loan Document) shall be secured by Collateral Agent’s Lien upon all Collateral;
provided, however that Collateral Agent and each Lender shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower to the extent of any Obligations jointly or severally owed by such Borrower. 

4.3 Effect of Termination. Subject to the Intercreditor Agreement, the principal amount of each Loan and all other
Obligations shall be due and payable on the Termination Date. All undertakings of Borrowers contained in the Loan Documents shall survive any termination, and Collateral Agent shall retain its Liens in the Collateral and all of its rights and
remedies under the Loan Documents until Full Payment of the Obligations. Notwithstanding Full Payment of the Obligations, Collateral Agent shall not be required to terminate its Liens in any Collateral unless, with respect to any damages Collateral
Agent may incur as a result of the dishonor or return of Payment Items applied to Obligations, Collateral Agent receives (a) a written agreement, executed by Borrower Representative and any Person whose advances are used in whole or in part to
satisfy the Obligations, indemnifying Collateral Agent and Lenders from any such damages; or (b) such Cash Collateral as Collateral Agent, in its discretion, deems necessary to protect against any such damages. The provisions of Sections
3.3, 3.4, 5.3, 5.7, 11, 13.2 and this Section, and the obligation of each Obligor and Lender with respect to each indemnity given by it in any Loan Document, shall survive Full Payment of the Obligations and any release relating to this credit
facility. 

  
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 Section 5. PAYMENTS. 

5.1 General Payment Provisions. All payments of Obligations shall be made in Dollars, without offset, counterclaim
or defense of any kind, free of (and without deduction for) any Indemnified Taxes, and in immediately available funds, not later than 12:00 noon on the due date. Any payment after such time shall be deemed made on the next Business Day. Borrower
Representative may, at the time of payment, specify to each Lender the Obligations to which such payment is to be applied, but each Lender shall in all events retain the right to apply such payment in such manner as the Lenders, subject to the
provisions hereof, may determine to be appropriate. If any payment under the Loan Documents shall be stated to be due on a day other than a Business Day, the due date shall be extended to the next Business Day and such extension of time shall be
included in any computation of interest and fees. All payments received by the Lenders pursuant to this Agreement shall be applied in accordance with such Lender’s applicable Pro Rata portion of the aggregate outstanding Loans as of such date.

 5.2 Payment of Other Obligations. Subject to the Intercreditor Agreement, Obligations other than the Loans, including
Extraordinary Expenses, shall be paid by Borrowers as provided in the Loan Documents or, if no payment date is specified, on demand. 

5.3 Marshaling; Payments Set Aside. None of the Collateral Agent or the Lenders shall be under any obligation to
marshal any assets in favor of any Obligor or against any Obligations. If any payment by or on behalf of Borrowers is made to the Lenders, or if Collateral Agent or any Lender exercises a right of setoff, and such payment or the proceeds of such
setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by Agent, Issuing Bank or such Lender in its discretion) to be repaid to a
trustee, receiver or any other Person, then to the extent of such recovery, the Obligation originally intended to be satisfied, and all Liens, rights and remedies relating thereto, shall be revived and continued in full force and effect as if such
payment had not been made or such setoff had not occurred. 
 5.4 Post-Default Allocation of Payments 

5.4.1 Allocation. Notwithstanding anything herein to the contrary, during an Event of Default, monies to be applied to
the Obligations, whether arising from payments by Obligors, realization on Collateral, setoff or otherwise, shall be allocated as follows and subject to the Intercreditor Agreement: 

(a) first, to all costs and expenses, including Extraordinary Expenses, owing to Collateral Agent and then to Lenders; 

(b) second, to all Obligations constituting unpaid fees; 

(c) third, to all Obligations constituting accrued and unpaid interest; and 

(d) last, to all other Obligations. 

  
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 Amounts shall be applied to each category of Obligations set forth above until Full Payment
thereof and then to the next category. If amounts are insufficient to satisfy a category, they shall be applied on a Pro Rata basis among the Obligations in the category. The allocations set forth in this Section are solely to determine the rights
and priorities of the Collateral Agent and Lenders as among themselves, and may be changed by agreement among them without the consent of any Obligor. This Section is not for the benefit of or enforceable by any Obligor. 

5.4.2 Erroneous Application. Collateral Agent and the Lenders shall not be liable for any application of amounts made by it/them in
good faith and, if any such application is subsequently determined to have been made in error, the sole recourse of any Lender or other Person to which such amount should have been made shall be to recover the amount from the Person that actually
received it (and, if such amount was received by any Lender, such Lender hereby agrees to return it). 
 5.5 Loan Account.
Each Lender shall maintain in accordance with its usual and customary practices an account or accounts (“Loan Account”) evidencing the Debt of Borrowers resulting from each Loan. Any failure of a Lender to record anything in the
Loan Account, or any error in doing so, shall not limit or otherwise affect the obligation of Borrowers to pay any amount owing hereunder. Each Lender may maintain a single Loan Account in the name of the Borrower Representative for such
Lender’s Loans, and each Borrower confirms that such arrangement shall have no effect on the joint and several character of its liability for the Obligations. 

Entries made in a Loan Account shall constitute presumptive evidence of the information contained therein. If any information contained in the
Loan Accounts is provided to or inspected by any Person, then such information shall be conclusive and binding on such Person for all purposes absent manifest error, except to the extent such Person notifies the applicable Lender in writing within
60 days after receipt or inspection that specific information is subject to dispute. 
 5.6 Taxes. 

5.6.1 Payments Free of Taxes. All payments by Obligors of Obligations shall be free and clear of and without reduction for any
Indemnified Taxes. If Applicable Law requires any Obligor or any Payee to withhold or deduct any Tax (including backup withholding or withholding Tax), the withholding or deduction shall be, to the extent permitted by applicable law, based on
information provided pursuant to Section 5.7 and the applicable Obligor or Payee shall pay the amount withheld or deducted to the relevant Governmental Authority. If the withholding or deduction is made on account of Indemnified Taxes or
Other Taxes, the sum payable by Borrowers shall be increased so that the applicable Payee receives an amount equal to the sum it would have received if no such withholding or deduction (including deductions applicable to additional sums payable
under this Section) had been made. Without limiting the foregoing, Borrowers shall timely pay all Other Taxes to the relevant Governmental Authorities. 

5.6.2 Payment. Borrowers shall indemnify, hold harmless and reimburse (within 10 days after demand therefor) each Payee for any
Indemnified Taxes or Other Taxes (including those attributable to amounts payable under this Section) withheld or deducted by any Obligor or Payee, or paid by any Payee, with respect to any Obligations, whether or not such

  
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Indemnified Taxes were properly asserted by the relevant Governmental Authority, and including all penalties, interest and reasonable expenses relating thereto; provided, however,
that Borrowers shall not be required to compensate Collateral Agent or any Lender for any Indemnified Taxes or Other Taxes incurred more than six months prior to the date that the applicable Payee notifies Borrower Representative of such Indemnified
Taxes or Other Taxes and of such Payee’s intention to claim compensation therefor; provided, further, that, if the circumstances giving rise to such Indemnified Taxes or Other Taxes is retroactive, then the six- month period
referred to above shall be extended to include the period of retroactive effect thereof. A certificate as to the amount of any such payment or liability delivered to Borrower Representative by any Payee (with a copy to Collateral Agent), shall be
conclusive, absent manifest error. As soon as practicable after any payment of Indemnified Taxes by a Borrower, Borrower Representative shall deliver to Collateral Agent a receipt from the Governmental Authority or other evidence of payment
satisfactory to Collateral Agent. This Section 5.6 shall survive the repayment of the Loans and the termination of this Agreement. 

5.6.3 Refunds. So long as no Event of Default is then in existence, if Collateral Agent or any Lender determines, in its sole
discretion acting in good faith, that is has received a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by the Borrowers or with respect to which the Borrowers have paid additional amounts hereunder, it shall pay
over such refund to the Borrowers (but only to the extent of indemnity payments made, or additional amounts paid, by Borrowers hereunder with respect to the Indemnified Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket
expenses and without interest (other than any interest by the relevant Governmental Authority with respect to such refund); provided that the Borrowers, upon request of Collateral Agent or such Lender, agree to repay the amount paid over to the
Borrowers (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to Collateral Agent or such Lender in the event Collateral Agent or such Lender is required to repay such refund to such Governmental Authority.
This Section 5.6.3 shall not be construed to require Collateral Agent or any Lender to make available its tax returns to the Borrowers or any other person. 

5.7 Lender Tax Information.  

5.7.1 Status of Lenders. Each Payee shall deliver documentation and information to Collateral Agent and Borrower Representative, at the
times and in form required by Applicable Law or reasonably requested by Collateral Agent or Borrower Representative, sufficient to permit Collateral Agent or Borrowers to determine (a) whether or not payments made with respect to Obligations
are subject to Taxes, (b) if applicable, the required rate of withholding or deduction, and (c) such Payee’s entitlement to any available exemption from, or reduction of, applicable Taxes for such payments or otherwise to establish
such Payee’s status for withholding tax purposes in the applicable jurisdiction. 
 5.7.2 Documentation. If a Borrower is
resident for tax purposes in the United States, any Payee that is a “United States person” within the meaning of section 7701(a)(30) of the Code shall deliver to Collateral Agent and Borrower Representative, on or prior to the date on
which it becomes a Payee hereunder (and from time to time thereafter upon request by Agent or Borrower Representative, but only if such Payee is legally entitled to do so) IRS Form W-9 or such other documentation or information prescribed by
Applicable Law or reasonably requested 

  
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by Collateral Agent or Borrower Representative to determine whether such Payee is subject to backup withholding or information reporting requirements. If any Foreign Payee is entitled to any
exemption from or reduction of withholding tax for payments with respect to the Obligations, it shall deliver to Collateral Agent and Borrower Representative, on or prior to the date on which it becomes a Payee hereunder (and from time to time
thereafter upon request by Collateral Agent or Borrower Representative, but only if such Foreign Payee is legally entitled to do so), (a) IRS Form W-8BEN claiming eligibility for benefits of an income tax treaty to which the United States is a
party; (b) IRS Form W-8ECI; (c) IRS Form W-8IMY and all required supporting documentation; (d) in the case of a Foreign Payee claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, IRS
Form W-8BEN and a certificate stating such Foreign Payee is not (i) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (ii) a “10 percent shareholder” of any Obligor within the meaning of
Section 881(c)(3)(B) of the Code, or (iii) a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code; or (e) any other form prescribed by Applicable Law as a basis for claiming exemption from or a
reduction in withholding tax, together with such supplementary documentation necessary to allow Collateral Agent and Borrowers to determine the withholding or deduction required to be made. 

5.7.3 Lender Obligations. Each Payee shall promptly notify Borrower Representative and Collateral Agent of any change in circumstances
that would change any claimed Tax exemption or reduction. Each Payee shall indemnify, hold harmless and reimburse (within 10 days after demand therefor) Borrowers and Collateral Agent for any Taxes, losses, claims, liabilities, penalties, interest
and expenses (including reasonable attorneys’ fees) incurred by or asserted against a Borrower or Collateral Agent by any Governmental Authority due to such Payee’s failure to deliver, or inaccuracy or deficiency in, any documentation
required to be delivered by it pursuant to this Section. Each Payee authorizes Collateral Agent to set off any amounts due to Collateral Agent under this Section against any amounts payable to such Payee under any Loan Document. The obligation of a
Payee under this subsection to Collateral Agent shall survive the payment of all Obligations and the resignation or replacement of Collateral Agent. This section shall survive the repayment of the Loans and the termination of this Agreement. 

5.8 Nature and Extent of Each Borrower’s Liability  

5.8.1 Joint and Several Liability. Each Borrower agrees that it is jointly and severally liable for, and absolutely and unconditionally
guarantees to Collateral Agent and the Lenders the prompt payment and performance of, all Obligations and all agreements under the Loan Documents. Each Borrower agrees that its guaranty obligations hereunder constitute a continuing guaranty of
payment and performance and not of collection, that such obligations shall not be discharged until Full Payment of the Obligations, and that such obligations are absolute and unconditional, irrespective of (a) the genuineness, validity,
regularity, enforceability, subordination or any future modification of, or change in, any Obligations or Loan Document, or any other document, instrument or agreement to which any Obligor is or may become a party or liable; (b) the absence of
any action to enforce this Agreement (including this Section) or any other Loan Document, or any waiver, consent or indulgence of any kind by any Lender with respect thereto; (c) the existence, value or condition of, or failure to perfect a
Lien or to preserve rights against, any security or guaranty for the Obligations or any action, or 

  
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the absence of any action, by Collateral Agent or any Lender in respect thereof (including the release of any security or guaranty); (d) the insolvency of any Obligor; (e) any election
by Collateral Agent or any Lender in an Insolvency Proceeding for the application of Section 1111 (b)(2) of the Bankruptcy Code; (f) any borrowing or grant of a Lien by any other Borrower, as debtor-in-possession under Section 364 of
the Bankruptcy Code or otherwise; (g) the disallowance of any claims of Collateral Agent or any Lender against any Obligor for the repayment of any Obligations under Section 502 of the Bankruptcy Code or otherwise; or (h) any other
action or circumstances that might otherwise constitute a legal or equitable discharge or defense of a surety or guarantor, except Full Payment of all Obligations. 

5.8.2 Waivers. (a) Each Borrower expressly waives all rights that it may have now or in the future under any statute, at common
law, in equity or otherwise, to compel the Collateral Agent or the Lenders to marshal assets or to proceed against any Obligor, other Person or security for the payment or performance of any Obligations before, or as a condition to, proceeding
against such Borrower. It is agreed among each Borrower, Collateral Agent and the Lenders that the provisions of this Section are of the essence of the transaction contemplated by the Loan Documents and that, but for such provisions, Collateral
Agent and the Lenders would decline to make Loans. Notwithstanding anything to the contrary in any Loan Document, and except as set forth in Section 5.6, each Borrower expressly waives all rights at law or in equity to subrogation,
reimbursement, exoneration, contribution, indemnification or set off, as well as all defenses available to a surety, guarantor or accommodation co-obligor. Each Borrower acknowledges that its guaranty pursuant to this Section is necessary to the
conduct and promotion of its business, and can be expected to benefit such business. 
 (b) The Collateral Agent and Lenders may, in
their discretion, pursue such rights and remedies as they deem appropriate, including realization upon Collateral by judicial foreclosure or non-judicial sale or enforcement, without affecting any rights and remedies under this
Section 5.7. If, in the exercise of any rights or remedies, any Collateral Agent or Lender shall forfeit any of its rights or remedies, including its right to enter a deficiency judgment against any Borrower or any other Person, whether
because of any applicable laws pertaining to “election of remedies” or otherwise, each Borrower consents to such action by Collateral Agent or such Lender and waives any claim based upon such action, even if the action may result in loss
of any rights of subrogation that any Borrower might otherwise have had but for such action. Any election of remedies that results in denial or impairment of the right of Collateral Agent or any Lender to seek a deficiency judgment against any
Borrower shall not impair any other Borrower’s obligation to pay the full amount of the Obligations. Each Borrower waives all rights and defenses arising out of an election of remedies, such as nonjudicial foreclosure with respect to any
security for the Obligations, even though that election of remedies destroys such Borrower’s rights of subrogation against any other Person. If a Lender bids at any foreclosure or trustee’s sale or at any private sale, such Lender may bid
all or a portion of the Obligations and the amount of such bid need not be paid by such Lender but shall be credited against the Obligations. The amount of the successful bid at any such sale, whether a Lender or any other Person is the successful
bidder, shall be conclusively deemed to be the fair market value of the Collateral, and the difference between such bid amount and the remaining balance of the Obligations shall be conclusively deemed to be the amount of the Obligations guaranteed
under this Section 5.7, notwithstanding that any present or future law or court decision may have the effect of reducing the amount of any deficiency claim to which any Lender might otherwise be entitled but for such bidding at any such
sale. 

  
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 5.8.3 Extent of Liability; Contribution. (a) Notwithstanding anything herein to the
contrary, each Borrower’s liability under this Section 5.7 shall be limited to the greater of (i) all amounts for which such Borrower is primarily liable, as described below, and (ii) such Borrower’s Allocable
Amount. 
 (b) If any Borrower makes a payment under this Section 5.7 of any Obligations (other than amounts for which such
Borrower is primarily liable) (a “Guarantor Payment”) that, taking into account all other Guarantor Payments previously or concurrently made by any other Borrower, exceeds the amount that such Borrower would otherwise have paid if
each Borrower had paid the aggregate Obligations satisfied by such Guarantor Payments in the same proportion that such Borrower’s Allocable Amount bore to the total Allocable Amounts of all Borrowers, then such Borrower shall be entitled to
receive contribution and indemnification payments from, and to be reimbursed by, each other Borrower for the amount of such excess, pro rata based upon their respective Allocable Amounts in effect immediately prior to such Guarantor Payment. The
“Allocable Amount” for any Borrower shall be the maximum amount that could then be recovered from such Borrower under this Section 5.7 without rendering such payment voidable or avoidable under Section 548 of the
Bankruptcy Code or under any applicable state fraudulent transfer or conveyance act, or similar statute or common law. 
 (c) Nothing
contained in this Section 5.7 shall limit the liability of any Borrower to pay the Loans made directly or indirectly to that Borrower (including Loans advanced to any other Borrower and then re-loaned or otherwise transferred to, or for
the benefit of, such Borrower), and all accrued interest, fees, expenses and other related Obligations with respect thereto, for which such Borrower shall be primarily liable for all purposes hereunder. 

5.8.4 Joint Enterprise. Each Borrower has requested that the Lenders make this credit facility available to Borrowers on a combined
basis, in order to finance Borrowers’ business most efficiently and economically. Borrowers’ business is a mutual and collective enterprise, and Borrowers believe that consolidation of their credit facility will enhance the borrowing power
of each Borrower and ease the administration of their relationship with Lenders, all to the mutual advantage of Borrowers. Borrowers acknowledge and agree that and Lenders’ willingness to extend credit to Borrowers and to administer the
Collateral on a combined basis, as set forth herein, is done solely as an accommodation to Borrowers and at Borrowers’ request. 

5.8.5 Subordination. Each Borrower hereby subordinates any claims it may have as a result of this Section 5.7, including
any rights at law or in equity to payment, subrogation, reimbursement, exoneration, contribution and indemnification or set off, that it may have at any time against any other Obligor, howsoever arising, to the Full Payment of all Obligations. 

  
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 Section 6. CONDITIONS PRECEDENT 

6.1 Conditions Precedent. The amendment and restatement of the Existing Agreement pursuant to the terms hereof shall be subject
to satisfaction of each of the following conditions (except to the extent that such conditions are permitted by each Lender to be satisfied on a post-closing basis pursuant to a post-closing agreement) (the date such conditions are satisfied or
waived, the “Closing Date”): 
 (a) Notes shall have been executed by Borrowers and delivered to each Lender that requests
issuance of a Note. Each other Loan Document shall have been duly executed and delivered to the Lenders by each of the signatories thereto, and each Obligor shall be in compliance with all terms thereof. 

(b) [Reserved] 

(c) [Reserved] 

(d) The Lenders shall have received certificates, in form and substance satisfactory to it, from a knowledgeable Responsible Officer of
Borrower Representative certifying that (i) each Obligor is Solvent; (ii) no Default or Event of Default exists; (iii) the representations and warranties set forth in Section 8 are true and correct in all material
respects; and (iv) such Obligor has complied with all agreements and conditions to be satisfied by it under the Loan Documents. 

(e) The Lenders shall have received a certificate of a duly authorized officer of each Borrower, certifying (i) that attached copies
of such Borrower’s Organic Documents are true and complete, and in full force and effect, without amendment expect as shown, (ii) that an attached copy of resolutions (to the extent necessary under Applicable Law or applicable Organic
Documents) authorizing execution and delivery of the Loan Documents is true and complete, and that such resolutions are in full force and effect, were duly adopted, have not been amended, modified or revoked, and constitute all resolutions adopted
with respect to this credit facility, and (iii) to the title, name and signature of each Person authorized to sign the Loan Documents. The Lenders may conclusively rely on this certificate until it is otherwise notified by the applicable
Obligor in writing. 
 (f) The Lenders shall have received copies of the charter documents of each Obligor, certified as appropriate by
the Secretary of State or another official of such Obligor’s jurisdiction of organization. The Lenders shall have received good standing certificates for each Obligor, issued by the Secretary of State or other appropriate official of such
Obligor’s jurisdiction of organization. 
 (g) No material adverse change in the business, assets, properties, liabilities,
financial condition or prospects of any Obligor shall have occurred since January 28, 2012. 
 (h) No action, suit, investigation,
litigation or proceeding shall have been pending or threatened in any court or before any arbitrator or governmental instrumentality that in Collateral Agent’s judgment (i) could reasonably be expected to have a material adverse effect on
Borrowers’ business, operations, properties, or condition (financial or otherwise) or could materially and adversely impair Borrowers’ ability to perform satisfactorily under this Agreement; or (ii) could reasonably be expected to
materially and adversely affect this Agreement or the transactions contemplated hereby. 

  
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 (i) Borrowers shall have paid all legal fees and expenses to be paid to Lenders on the Closing
Date. 
 (j) .

(k) Lenders shall have received evidence that the Loans under this Agreement have been designated as “Additional Priority Permitted
Debt” under the 2009 Indenture.  
 Section 7. COLLATERAL 

7.1 Security Reaffirmation. The Obligors acknowledge that the Existing Agreement and the documents entered into in connection
therewith granted a security interest in favor of the Collateral Agent which secured the Obligations under this Agreement. The Obligors, subject to the terms and limits contained in the Loan Documents, acknowledge the Collateral Agent’s rights
in the Collateral and reaffirm their Liens created in favor of Collateral Agent, for the benefit of the Lenders, on the Collateral to secure the Obligations hereunder. The Obligors hereby acknowledge that they have reviewed the terms and provisions
of this Agreement and hereby (i) confirm that the Loan Documents to which they are a party or are otherwise bound continues to be in full force and effect, and all Collateral encumbered thereby will guarantee or secure, as the case may be, to
the fullest extent possible in accordance with the Loan Documents, the payment and performance of the Obligations, as the case may be, including without limitation the payment and performance of all such applicable Obligations that are joint and
several obligations of the each Obligor now or hereafter existing, and all of their obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or effectiveness of the Loan Documents and
(ii) grant to Collateral Agent a continuing lien on and security interest in and to the Obligor’s right, title and interest in, to and under all the Collateral, pursuant to and in accordance with the Loan Documents as collateral security
for the prompt payment and performance in full when due of all applicable Obligations subject to the terms and limits contained in the Loan Documents (whether at stated maturity, by acceleration or otherwise).  

7.2 Administration of Accounts. Each Obligor shall keep accurate and complete records of its Accounts, including all payments
and collections thereon, and shall submit to Collateral Agent, on such periodic basis as Collateral Agent may request, an Account roll-forward, a sales and collections report, in form reasonably satisfactory to Collateral Agent. Borrower
Representative shall also provide to Collateral Agent a summary aged trial balance of all Accounts as of the end of the preceding Fiscal Month, and as Collateral Agent may reasonably request, information related to Accounts, including Account’s
Account Debtor name and address, amount, invoice date and due date, showing any discount, allowance, credit, authorized return or dispute, and including such proof of delivery, copies of invoices and invoice registers, copies of related documents,
repayment histories, status reports and other information.  
 7.3 Administration of Inventory. 

7.3.1 Records and Reports of Inventory. Each Obligor shall keep accurate and complete records of its Inventory, including costs, and
shall submit to Collateral Agent inventory 

  
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reports in form reasonably satisfactory to Collateral Agent, on such periodic basis as Collateral Agent may request, including Inventory perpetual reports. Each Obligor shall conduct a physical
inventory at least once per calendar year (and on a more frequent basis if requested by Collateral Agent when an Event of Default exists) or periodic cycle counts consistent with historical practices, and shall provide to Agent a report based on
each such inventory and count promptly upon completion thereof, together with such supporting information as Collateral Agent may request. Collateral Agent may participate in and observe each inventory or physical count. Borrower Representative
shall also provide to Collateral Agent, concurrently with delivery of financial statements pursuant to Section 9.1.2(b), (i) a summary of the Royalties payments owing by each Obligor as of the last day of the applicable Fiscal
Quarter or Fiscal Month (as the case may be) and (ii) as requested by Collateral Agent, a summary of charges owing by each Obligor as of the last day of the applicable Fiscal Quarter or Fiscal Month (as the case may be) to shippers or freight
forwarders for the overseas transportation of goods of Obligors and customs brokers which clear customs with respect thereto. 
 7.3.2
Returns of Inventory. No Obligor shall return any Inventory to a supplier, vendor or other Person, whether for cash, credit or otherwise, unless (a) such return is in the Ordinary Course of Business; (b) no Default, Event of Default
or Overadvance exists or would result therefrom; (c) Collateral Agent is promptly notified if the aggregate Value of all Inventory returned in any Fiscal Month exceeds $2,625,000; and (d) any payment received by an Obligor for a return is
promptly remitted to Collateral Agent for application to the Obligations. 
 7.3.3 Acquisition, Sale and Maintenance. No Obligor
shall acquire or accept any Inventory on consignment or approval, and shall take reasonable steps to assure that all Inventory is produced in accordance with Applicable Law, including, in the case of Inventory produced in the United States of
America, the FLSA. No Obligor shall sell any Inventory on consignment or approval or any other basis under which the customer may return or require an Obligor to repurchase such Inventory. Obligors shall use, store and maintain all Inventory with
reasonable care and caution, in accordance with applicable standards of any insurance and in conformity with all Applicable Law, and shall make current rent payments (within applicable grace periods provided for in leases) at all locations where any
Collateral is located. 
 7.4 [Intentionally Omitted]. 

7.5 Administration of Deposit Accounts and Securities Accounts. Schedule 7.5 sets forth all Deposit Accounts and
Securities Accounts maintained by Obligors as of the Closing Date. Each Borrower shall take all actions, if not already taken, necessary to establish Collateral Agent’s control of each such Deposit Account and Securities Account (other than an
account exclusively used for payroll, payroll taxes or employee benefits, or trust or escrow accounts, or accounts containing not more than $650,000 in the aggregate for all such accounts at any time and not more than $30,000 in any single account
at any time (collectively, the “Excluded Accounts”)). Each Obligor shall be the sole account holder of each Deposit Account and Securities Accounts and shall not allow any other Person (other than Collateral Agent) to have control
(as defined in Article 9 of the UCC) over a Deposit Account, a Securities Account or any Property deposited therein. Borrower Representative shall promptly notify Collateral Agent of any opening, or closing of a Deposit Account or a Securities
Account and, with the consent of Collateral Agent, will amend Schedule 7.5 to reflect same. Subject to the Intercreditor 

  
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Agreement, following the occurrence and during the continuation of an Event of Default (and until such time as no Event of Default exists) or from any date on which Excess Availability (as
defined in the Revolver Agreement, as in effect on the date hereof) is less than 12.5% of the Maximum Revolver Amount (as defined in the Revolver Agreement, as in effect on the date hereof) and until the last day of a period of ninety
(90) consecutive days thereafter during which average daily Excess Availability (as defined in the Revolver Agreement, as in effect on the date hereof) is equal to or exceeds 12.5% of the Maximum Revolver Amount (as defined in the Revolver
Agreement, as in effect on the date hereof) (each such period, a “Cash Dominion Period”), Collateral Agent may (subject to any notice requirements in the applicable Control Agreement) deliver written instructions to the depository
banks and securities intermediaries at which such Deposit Accounts and Securities Accounts are maintained directing them to transfer on a daily basis all payments, deposits or other Property received in the Deposit Accounts or Securities Accounts to
the Collection Account or as otherwise instructed by Collateral Agent; provided that upon the termination or expiration of all Cash Dominion Periods, Collateral Agent shall promptly rescind such instructions to such depository banks and
securities intermediaries. At all times, other than during a Cash Dominion Period, Borrowers may withdraw cash or cash equivalents from Deposit Accounts and Securities Accounts and use such cash and cash equivalents for purposes not prohibited
hereunder at such time. 
 7.6 General Provisions. 

7.6.1 Location of Collateral. All tangible items of Collateral, other than Inventory in transit, shall at all times be
kept by Obligors at the business locations set forth in Schedule 7.6.1 (as such schedule may be amended or modified from time to time), except that Obligors may (a) make sales or other dispositions of Collateral in accordance with
Section 9.2.6; and (b) move Collateral to another location in the United States set forth on Schedule 7.6.1 (as such schedule may be amended or modified from time to time). 

7.6.2 Insurance of Collateral. Each Obligor shall maintain insurance with respect to the Collateral (other than Accounts and
trademarks), covering casualty, hazard, public liability, theft, malicious mischief, and such other risks, in such amounts and with such endorsements as are in each case reasonably satisfactory to Collateral Agent, and with such insurers as are
reasonably satisfactory to Collateral Agent or with any other insurers rated A+ or better by A.M. Best Rating Guide. All proceeds under each policy relating to Collateral shall be payable to Collateral Agent. From time to time upon reasonable
request, Obligors, shall deliver to Collateral Agent the originals or certified copies of its insurance policies. Unless Collateral Agent shall agree otherwise, each policy shall include reasonably satisfactory endorsements (i) showing
Collateral Agent as loss payee or additional insured, as appropriate; (ii) requiring 10 days prior written notice to Collateral Agent in the event of cancellation of the policy for non-payment of premium and requiring 30 days prior written
notice to Collateral Agent in the event of cancellation of the policy for any other reason; and (iii) specifying that the interest of Collateral Agent shall not be impaired or invalidated by any act or neglect of any Obligor or the owner of the
Property, nor by the occupation of the premises for purposes more hazardous than are permitted by the policy. If any Obligor fails to provide and pay for such insurance, Collateral Agent may, at its option, but shall not be required to, procure the
insurance and charge Obligors therefor. Each Obligor agrees to deliver to Collateral Agent, promptly as rendered, copies of all reports made to insurance companies. While no Event of Default exists, Obligors may settle,

  
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adjust or compromise any insurance claim. If an Event of Default exists, only Collateral Agent (subject to the Intercreditor Agreement) shall be authorized to settle, adjust and compromise such
claims. 
 Section 8. REPRESENTATIONS AND WARRANTIES 

8.1 General Representations and Warranties. To induce Lenders to enter into this Agreement, each Obligor represents and warrants
that: 
 8.1.1 Organization and Qualification. Each Obligor is duly organized, validly existing and in good standing under the laws
of the jurisdiction of its organization. Each Obligor is duly qualified, authorized to do business and in good standing as a foreign corporation in each jurisdiction where failure to be so qualified could reasonably be expected to have a Material
Adverse Effect. 
 8.1.2 Power and Authority. Each Obligor is duly authorized to execute, deliver and perform its Loan Documents and
has all requisite power and authority to conduct its business as now conducted and as presently contemplated and, in the case of the Borrowers, to make the borrowings hereunder. The execution, delivery and performance of the Loan Documents have been
duly authorized by all necessary action, and do not (a) require any consent or approval of any holders of Equity Interests of any Obligor, other than those already obtained; (b) contravene the Organic Documents of any Obligor;
(c) violate or cause a default under any Applicable Law or Material Contract; or (d) result in or require the imposition of any Lien (other than Permitted Liens) on any Property of any Obligor. 

8.1.3 Enforceability. Each Loan Document is a legal, valid and binding obligation of each Obligor party thereto, enforceable in
accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally. 

8.1.4 Capital Structure. Schedule 8.1.4 (as such schedule may be amended or supplemented from time to time with respect to the
following) shows, for each Obligor, its name and its jurisdiction of organization and its authorized and issued Equity Interests, and for each Domestic Subsidiary only, the holders of its Equity Interests and all agreements binding on such holders
with respect to their Equity Interests. Each Obligor has good title to the Equity Interests of its Domestic Subsidiaries, free and clear of all Liens (other than Permitted Liens) and all such Equity Interests are duly issued, fully paid and
non-assessable. Except as set forth on Schedule 8.1.4 (as such schedule may be amended or supplemented from time to time with respect to the following), there are no outstanding options to purchase, warrants, subscription rights, agreements
to issue or sell, convertible interests, phantom rights or powers of attorney relating to any Equity Interests of any Obligor or Domestic Subsidiary. 

8.1.5 Corporate Names: Locations. During the five years preceding the Closing Date, except as shown on Schedule 8.1.5, no Person
that is an Obligor as of the Closing Date has been known as or used any corporate, fictitious or trade names, has been the surviving corporation of a merger or combination, or has acquired any substantial part of the assets of any Person. The chief
executive offices and other locations of Collateral of Obligors as of the Closing Date are shown on Schedule 8.1.5 (as such schedule may be amended or supplemented from time to time). 

  
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 8.1.6 Title to Properties; Priority of Liens. Each Obligor has good and marketable title
to (or valid leasehold interests in) all of its Real Estate, and good title to all of its personal Property, including all Property reflected in any financial statements delivered to Lenders, in each case free of Liens except Permitted Liens. Each
Obligor has paid and discharged all lawful claims that, if unpaid, could become a Lien on its Properties, other than Permitted Liens. 

8.1.7 Financial Statements. (a) The consolidated balance sheets, and related statements of income, cash flow and
shareholder’s equity, of Parent and its Subsidiaries and consolidating balance sheets and related statements of income for Parent and its Subsidiaries, separately presenting Obligors, Immaterial Subsidiaries and Foreign Subsidiaries, copies of
which have been delivered to Collateral Agent and each Lender prior to the Closing Date, fairly present in all material respects the consolidated financial condition of the Parent and its Subsidiaries as at the respective dates thereof and the
consolidated results of operations of the Parent and its Subsidiaries for the fiscal periods ended on such respective dates, all in accordance with GAAP. Since January 29, 2011 there has been no change in the condition, financial or otherwise,
of any Obligor or Domestic Subsidiary that could reasonably be expected to have a Material Adverse Effect. No financial statement delivered to Collateral Agent or any Lender at any time contains any untrue statement of a material fact, nor fails to
disclose any material fact necessary to make such statement not materially misleading. Each Obligor and Domestic Subsidiary is Solvent, both before and after giving effect to the transactions contemplated by this Agreement and the Loans. 

(b) All projections furnished to Collateral Agent prior to the Closing Date are believed by the Borrower Representative at the time
furnished to be reasonable, have been prepared on a reasonable basis and in good faith by the Borrower Representative, and have been based on assumptions believed by the Borrower Representative to be reasonable at the time made and upon the best
information then reasonably available to the Borrower Representative, and the Borrower Representative is not aware of any facts or information that would lead it to believe that such projections are incorrect or misleading in any material respect;
it being recognized by the Lenders that any projections as to future events are not to be viewed as facts and that actual results during the period or periods covered by such projections may differ from the projected results and such differences may
be material. 
 8.1.8 Surety Obligations. Except as set forth on Schedule 8.1.8 (as such schedule may be amended or
supplemented from time to time), no Obligor is obligated as indemnitor under any bond or other contract that assures payment or performance of any obligation of any Person, except as permitted hereunder. 

8.1.9 Taxes. Each Obligor has filed all federal, state and local tax returns and other reports that it is required by law to file, and
has paid, or made provision for the payment of, all Taxes upon it, its income and its Properties that are due and payable, except to the extent being Properly Contested and except where the failure to file or pay the same could not reasonably be
expected to have a Material Adverse Effect. The provision for Taxes on the books of each Obligor is adequate for all years not closed by applicable statutes, and for its current Fiscal Year. 

  
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 8.1.10 Brokers. There are no brokerage commissions, finder’s fees or investment
banking fees payable in connection with any transactions contemplated by the Loan Documents, except for the payment of transaction fees to Sun Capital Partners Management V, LLC pursuant to the Management Services Agreement. 

8.1.11 Intellectual Property. Each Obligor owns or has the lawful right to use all Intellectual Property necessary for the conduct of
its business, without conflict with any rights of others, except where the failure to own or have rights to use such Intellectual Property could not reasonably be expected to have a Material Adverse Effect. There is no pending or, to any
Obligor’s knowledge, threatened Intellectual Property Claim with respect to any Obligor or any of its Property (including any Intellectual Property, except for Intellectual Property Claims which could not reasonably be expected to have a
Material Adverse Effect). Except as disclosed on Schedule 8.1.11 (as such schedule may be amended or supplemented from time to time), no Obligor pays or owes any Royalty or other compensation to any Person with respect to any Intellectual
Property. All Intellectual Property owned, used or licensed by, or otherwise subject to any interests of, any Obligor is shown on Schedule 8.1.11. 

8.1.12 Governmental Approvals. Each Obligor has, is in compliance with, and is in good standing with respect to, all Governmental
Approvals, licenses and permits necessary to conduct its business and to own, lease and operate its Properties, except where noncompliance or failure to be in good standing could not reasonably be expected to have a Material Adverse Effect. All
necessary import, export or other licenses, permits or certificates for the import or handling of any goods or other Collateral have been procured and are in effect, and Obligors have complied with all foreign and domestic laws with respect to the
shipment and importation of any goods or Collateral, except where noncompliance could not reasonably be expected to have a Material Adverse Effect. 

8.1.13 Compliance with Laws. Each Obligor has duly complied, and its Properties and business operations are in compliance, with all
Applicable Laws, except where noncompliance could not reasonably be expected to have a Material Adverse Effect. To the knowledge of any Obligor, as of the Closing Date, there have been no citations, notices or orders of material noncompliance issued
to Obligor under any Applicable Law. 
 8.1.14 Compliance with Environmental Laws. Except as disclosed on Schedule 8.1.14, no
Obligor’s past or present operations, Real Estate or other Properties are subject to any on-going federal, state or local investigation to determine whether any remedial action is needed to address any environmental pollution, hazardous
material or environmental clean-up that could reasonably be expected to have a Material Adverse Effect. To the knowledge of any Obligor, as of the Closing Date, no Obligor has received any Environmental Notice. As of the Closing Date, no Obligor has
any contingent liability with respect to any Environmental Release, environmental pollution or hazardous material on any Real Estate now or previously owned, leased or operated by it. 

  
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 8.1.15 Burdensome Contracts. No Obligor is a party or subject to any contract, agreement
or charter restriction that could reasonably be expected to have a Material Adverse Effect. No Obligor or Subsidiary is party or subject to any Restrictive Agreement, except as shown on Schedule 8.1.15 (as such schedule may be amended or
supplemented from time to time), none of which prohibit the execution or delivery of any Loan Documents by an Obligor nor the performance by an Obligor of any obligations thereunder. 

8.1.16 Litigation. Except as shown on Schedule 8.1.16, there are no proceedings or investigations pending or, to any
Obligor’s knowledge, threatened against any Obligor or any of their businesses, operations, Properties, prospects or conditions, that (a) relate to any Loan Documents or transactions contemplated thereby; or (b) could reasonably be
expected to have a Material Adverse Effect if determined adversely to any Obligor. No Obligor is in default with respect to any order, injunction or judgment of any Governmental Authority that could reasonably be expected to have a Material Adverse
Effect. 
 8.1.17 No Defaults. No event or circumstance has occurred or exists that constitutes a Default or Event of Default. As of
the Closing Date, no Obligor or Subsidiary is in default, and no event or circumstance has occurred or exists that with the passage of time or giving of notice would constitute a default, under any Material Contract or in the payment of any Debt in
excess of $23 ,000,000 (other than Debt issued under the Revolver Loan Documents). As of the Closing Date, there is no basis upon which any party (other than an Obligor or Domestic Subsidiary) could terminate a Material Contract prior to its
scheduled termination date. 
 8.1.18 ERISA. Except as disclosed on Schedule 8.1.18 (as such schedule may be amended or
supplemented from time to time), no Obligor has any Multiemployer Plan. Each Obligor is in full compliance with the requirements of all Applicable Law, including ERISA, relating to each Multiemployer Plan. As of the Closing Date, no Obligor has any
obligations under a Foreign Plan. No fact or situation exists that could reasonably be expected to result in a Material Adverse Effect in connection with any Multiemployer Plan. No Obligor has any withdrawal liability in connection with a
Multiemployer Plan or Foreign Plan. All employer and employee contributions to Foreign Plans, to the extent required by law or the terms of such plans, have been made or accrued in accordance with normal accounting principles. The fair market value
of the assets of each funded Foreign Plan, the liability of each insurer for any Foreign Plan funded through insurance and/or the book reserve established for each Foreign Plan, together with any accrued contributions, are sufficient to provide the
accrued benefit obligations of all participants in such plans according to the actuarial assumptions and valuations most recently used to account for such obligations in accordance with applicable generally accepted accounting principles. 

8.1.19 Trade Relations. There exists no actual or threatened termination, limitation or modification of any business relationship
between any Obligor and any customer or supplier, or any group of customers or suppliers, which individually or in the aggregate could reasonably be expected to have a Material Adverse Effect. There exists no condition or circumstance that could
reasonably be expected to impair the ability of any Obligor to conduct its business at any time hereafter in substantially the same manner as conducted on the Closing Date. 

  
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 8.1.20 Labor Relations. Except as described on Schedule 8.1.20 (as such schedule
may be amended or supplemented from time to time), no Obligor is party to or bound by any collective bargaining agreement. As of the Closing Date, there are no material grievances, disputes or controversies with any union or other organization of
any Obligor’s employees, or, to any Obligor’s knowledge, any asserted or threatened strikes, work stoppages or demands for collective bargaining. 

8.1.21 Payable Practices. No Obligor has made any material change in its historical accounts payable practices from those in effect on
the Closing Date. 
 8.1.22 Not a Regulated Entity. No Obligor is an “investment company” or a “person directly or
indirectly controlled by or acting on behalf of an investment company” within the meaning of the Investment Company Act of 1940; or (b) subject to regulation under the Federal Power Act, the Interstate Commerce Act, any public utilities
code or any other Applicable Law regarding its authority to incur Debt. 
 8.1.23 Margin Stock. No Obligor is engaged in the business
of extending credit for the purpose of purchasing or carrying any Margin Stock. The Loans proceeds have not been and will not be used by Obligors to purchase or carry, or to reduce or refinance any Debt incurred to purchase or carry, any Margin
Stock or for any related purpose governed by Regulations T, U or X of the Board of Governors. 
 8.1.24 Plan Assets. As of the
Closing Date, no Obligor is an entity deemed to hold “plan assets” within the meaning of 29 C.F.R. §2510.3-101 of any “employee benefit plan” (as defined in Section 3(3) of ERISA) that is subject to Title I of ERISA or
any “plan” (within the meaning of Section 4975 of the Internal Revenue Code), and the execution of this Agreement is not a prohibited transaction within the meaning of Section 406 of ERISA or Section 4975 of the Internal
Revenue Code. 
 8.1.25 Immaterial Subsidiaries. No Immaterial Subsidiary (a) owns or generates any Accounts (other than
intercompany Accounts) or Inventory located in the United States of America or (ii) has revenues (other than from intercompany Accounts) in any Fiscal Year in excess of $1,000,000. 

8.1.26 Patriot Act. To the extent applicable, each Obligor is in compliance, in all material respects, with the (a) Trading with
the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto, and
(b) Patriot Act. No part of the proceeds of the loans made hereunder will be used by any Obligor or any of their Affiliates, directly or indirectly, for any payments to any governmental official or employee, political party, official of a
political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977,
as amended. 
 8.1.27 OFAC. No Obligor nor any of its Subsidiaries is in violation of any of the country or list based
economic and trade sanctions administered and enforced by OFAC. No Obligor nor any of its Subsidiaries (a) is a Sanctioned Person or a Sanctioned Entity, (b) has its assets located in Sanctioned Entities, or (c) derives revenues from
investments in, or transactions with 

  
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Sanctioned Persons or Sanctioned Entities. No proceeds of any loan made hereunder will be used to fund any operations in, finance any investments or activities in, or make any payments to, a
Sanctioned Person or a Sanctioned Entity. 
 8.1.28 Nature of Business. No Obligor is engaged in any business other than the business
it is engaged in on the Closing Date or any activities ancillary or related thereto, or logical extensions thereof. 
 8.1.29 Material
Contracts. Set forth on Schedule 8.1.29 is a complete and accurate list as of the Closing Date of all Material Contracts of each Obligor, showing the parties and subject matter thereof and amendments and modifications thereto. Each
such Material Contract (a) is in full force and effect and is binding upon and enforceable against each Loan Party that is a party thereto and, to the knowledge of such Obligor, all other parties thereto in accordance with its terms,
(b) has not been otherwise amended or modified, and (c) is not in default due to the action of any Obligor or, to the best knowledge of any Obligor, any other party thereto. 

8.1.30 No Bankruptcy Filing. No Obligor is contemplating either an Insolvency Proceeding or the liquidation of all or a major portion
of such Obligor’s assets or property, and no Obligor has any knowledge of any Person contemplating an Insolvency Proceeding against it. 

8.2 Complete Disclosure. No Loan Document contains any untrue statement of a material fact, nor fails to disclose any material
fact necessary to make the statements contained therein not materially misleading. There is no fact or circumstance that any Obligor has failed to disclose to a Lender in writing that could reasonably be expected to have a Material Adverse Effect.
 
 Section 9. COVENANTS AND CONTINUING AGREEMENTS 

9.1 Affirmative Covenants. For so long as any Loans or Obligations are outstanding, each Obligor shall, and shall cause each
Domestic Subsidiary to: 
 9.1.1 Inspections. (a) Permit Lenders from time to time, subject (except when a Default or Event of
Default exists) to reasonable notice and normal business hours, to visit and inspect the Properties of any Obligors or Domestic Subsidiary, inspect, audit and make extracts from any Borrowers’ or Domestic Subsidiary’s books and records,
and discuss with its officers, employees, agents, advisors and independent accountants such Obligor’s or Domestic Subsidiary’s business, financial condition, assets, prospects and results of operations. No Lender shall have any duty to any
Obligors to make any inspection, nor to share any results of any inspection, appraisal or report with any Obligors. To the extent any other information is shared by a Lender with any Obligor, such Obligors acknowledge that it was prepared by the
Lenders for their purposes and Obligors shall not be entitled to rely upon it. 
 (b) Reimburse Lenders for all charges, costs and
expenses of each Lender in connection with examinations of any Obligor’s books and records or any other financial or Collateral matters as the Lenders deem appropriate up to two times per Loan Year; provided, however, that if an
examination is initiated during a Default or Event of Default, all charges, costs and expenses therefor shall be reimbursed by Obligors without regard to such limits. 

  
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 9.1.2 Financial and Other Information. Keep adequate records and books of account with
respect to its business activities, in which proper entries are made in accordance with GAAP reflecting all financial transactions; and furnish to each Lender: 

(a) as soon as available, and in any event within 90 days after the close of each Fiscal Year (provided that (A) with respect to the
financial statements in respect of the Vince business referred to in clause (ii) below, for the Fiscal Year ending January 31, 2012, such financial statements shall be furnished within 180 days of the close of such Fiscal Year, and
(B) with respect to all other financial statements for the Fiscal Year ending January 31, 2012, such financial statements shall be furnished within 97 days after the close of such Fiscal Year), (i) consolidated balance sheets as of
the end of such Fiscal Year and the related statements of income, cash flow and shareholders’ equity for such Fiscal Year of Parent and its Subsidiaries, which consolidated statements shall be prepared in accordance with GAAP, and
(ii) balance sheets as of the end of such Fiscal Year and the related statements of income, cash flow and shareholders’ equity for such Fiscal Year of the Vince business on a standalone basis, which financial statements shall be prepared
in accordance with GAAP, in each case, audited and certified (without qualification as to scope, “going concern” or similar items) by a firm of independent certified public accountants of recognized standing selected by Borrower
Representative and acceptable to Required Lenders, and shall set forth in comparative form corresponding figures for the preceding Fiscal Year and other information filed with the Securities and Exchange Commission, and the consolidating balance
sheets as of the end of such Fiscal Year and related statements of income for such Fiscal Year of Parent and its Subsidiaries, separately presenting Obligors, Immaterial Subsidiaries and Foreign Subsidiaries; 

(b) as soon as available, (i) and in any event within 45 days after the end of each Fiscal Quarter the following:
(A) (x) unaudited consolidated balance sheets as of the end of such Fiscal Quarter and the related statements of income and cash flow for such Fiscal Quarter and for the portion of the Fiscal Year then elapsed, for Parent and its
Subsidiaries, setting forth in comparative form corresponding figures for the preceding Fiscal Year, and (y) commencing with the Fiscal Quarter ending April 30, 2012, unaudited balance sheets as of the end of such Fiscal Quarter and the
related statements of income and cash flow for such Fiscal Quarter and for the portion of the Fiscal Year then elapsed, for the Vince business on a standalone basis, setting forth in comparative form corresponding figures for the preceding Fiscal
Year, and (B) consolidating balance sheets as of the end of such Fiscal Quarter and the related statements of income for such portion of the Fiscal Year then elapsed for Parent and its Subsidiaries, separately presenting Obligors, Immaterial
Subsidiaries and Foreign Subsidiaries (provided, that for the purposes of this clause (B) only, in the case of each Fiscal Quarter that corresponds with the end of a Fiscal Year, such delivery shall be made within 90 days after the end of such
Fiscal Quarter), (ii) and in any event within 30 days after the end of each Fiscal Month (A) unaudited consolidated balance sheets as of the end of such Fiscal Month and a related consolidated profit and loss statement and cash flow
statement for such Fiscal Month and for the portion of the Fiscal Year then elapsed, for Parent and its Subsidiaries (excluding discontinued operations), setting forth in comparative form corresponding figures for the preceding Fiscal Year, and
(B) commencing with the Fiscal Month ending May 31, 2012, unaudited balance sheets as of the end of such Fiscal Month and a related 

  
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profit and loss statement and cash flow statement for such Fiscal Month and for the portion of the Fiscal Year then elapsed, for the Vince business on a standalone basis (excluding discontinued
operations), setting forth in comparative form corresponding figures for the preceding Fiscal Year (it being understood that with respect to clauses (i)(A)(y) above and this clause (ii)(B), delivery of the profit and loss statement and statements of
working capital, accounts payable and accounts receivable for the Vince business on a standalone basis shall satisfy the requirements set forth in such clauses (i)(A)(y) and (ii)(B) for the Fiscal Months and Fiscal Quarters ending prior to
July 31, 2012) and (iii) and in any event within 45 days after the end of each Fiscal Quarter (but within 90 days after the last Fiscal Quarter in a Fiscal Year) a report setting forth a copy of Parent’s Management Discussion and
Analysis for such Fiscal Quarter, and, in each case of clauses (i), (ii) and (iii), certified by either the Chief Financial Officer, Vice President, Finance or Controller of the Borrower Representative as prepared in accordance with GAAP and
fairly presenting the financial position and results of operations for such Fiscal Quarter or Fiscal Month, as applicable, and period, subject to normal year end adjustments and the absence of footnotes; 

(c) concurrently with delivery of financial statements under clauses (a) and (b) above, or more frequently if requested by
Collateral Agent while a Default or Event of Default exists, a Compliance Certificate executed by the Chief Financial Officer, Vice President, Finance or Controller of the Borrower Representative; 

(d) to the extent available and upon Lenders’ request, copies of all management letters and other material reports submitted to
Borrowers by their accountants in connection with such financial statements, including any such management letters and material reports with respect to the Vince business on a standalone basis; 

(e) not later than 30 days after the end of each Fiscal Year, projections of (i) Borrowers’ consolidated balance sheets,
results of operations and cash flow, (ii) the Vince business’ balance sheets, results of operations and cash flow on a standalone basis, in each case, for the next Fiscal Year, quarter by quarter, in form and substance reasonably
satisfactory to the Collateral Agent, which projections shall be prepared on a reasonable basis and in good faith, and based on assumptions believed by the Borrowers to be reasonable at the time made based on the circumstances known at such time; it
being recognized by the Lenders that any projections as to future events are not to be viewed as facts and that actual results during the period or periods covered by any such projections may differ from the projected results and such differences
may be material; 
 (f) at Collateral Agent’s request, a listing of each Obligor’s trade payables, specifying the trade
creditor and balance due, all in form satisfactory to Collateral Agent; 
 (g) promptly after the sending or filing thereof, copies of
any regular, periodic and special reports or registration statements or prospectuses that any Borrower files with the Securities and Exchange Commission or any other Governmental Authority, or any securities exchange; provided, that each
statement or report required to be delivered pursuant to this clause (g) shall be deemed to have been delivered on the date on which the Borrower Representative posts such document on the Borrower Representative’s website on the Internet
at the website address www.kellwood.com, or when such document is posted on the Securities and Exchange 

  
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Commission’s website at www.sec.gov (the “SEC Website”) or on an Internet website established by the Lenders with Intralinks, Inc. or other similarly available electronic
media (each of the foregoing an “Informational Website”); provided, further, that (i) the Borrower Representative shall deliver paper copies of all such documents to any Lender that requests the Borrower
Representative to deliver such paper copies (without impairment of the effectiveness of any document previously delivered in electronic media form) until a request to cease delivering paper copies is given by such Lender and (ii) each Lender
shall be notified by electronic mail of the applicable Informational Website and of the posting of each such document; it being understood and agreed that (x) Collateral Agent shall have no obligation to request the delivery or to maintain
copies of the documents referred to above in this clause (e), and in any event shall have no responsibility to monitor compliance by the Borrower Representative with any such request for delivery, and each Lender shall be solely responsible for
requesting delivery to it or maintaining its copies of such documents and (y) Borrowers shall be responsible for (other than with respect to the SEC Website) and shall incur all risks associated with (including with respect to the SEC Website)
the security and confidentiality of the Informational Websites and its information posted thereon; 
 (h) not later than 15 days after
the Collateral Agent’s request, such information regarding actions undertaken and/or completed to ensure that the Vince business is working towards reporting its financial performance on a standalone basis such that it could be marketed and
sold on a standalone basis; and 
 (i) such other reports and information (financial or otherwise) as any Lender may reasonably request
from time to time in connection with any Collateral or any Obligor’s financial condition or business. 
 9.1.3 Notices. Notify
the Lenders in writing, promptly (but in any event within 5 Business Days) after an Obligor obtaining knowledge thereof, of any of the following that affects an Obligor: (a) the threat or commencement of any proceeding or investigation, whether
or not covered by insurance, if it is reasonably likely that an adverse determination could have a Material Adverse Effect; (b) any pending or threatened labor dispute, strike or walkout, or the expiration of any material labor contract;
(c) any default under or termination of a Material Contract; (d) the existence of any Default or Event of Default; (e) any adverse judgment not covered by insurance in an amount exceeding $5,750,000; (f) the assertion of any
Intellectual Property Claim, if an adverse resolution could reasonably be expected to have a Material Adverse Effect; (g) any violation or asserted violation of any Applicable Law (including ERISA, OSHA, FLSA, or any Environmental Laws), if an
adverse resolution is reasonably likely to have a Material Adverse Effect; (h) any Environmental Release by an Obligor or on any Property owned, leased or occupied by an Obligor; or receipt of any Environmental Notice, which could reasonably be
expected to have a Material Adverse Effect; (i) the discharge of or any withdrawal or resignation by Borrowers’ independent accountants; or (j) any opening of a new office or place of business where Collateral is located, within 30
days after such opening. 
 9.1.4 Landlord and Storage Agreements. Upon request, provide the Lenders with copies of all existing
agreements, and promptly after execution thereof provide the Lenders with copies of all future agreements, between an Obligor and any landlord, warehouseman, processor, shipper, bailee or other Person that owns any premises at which any Collateral
may be kept or that otherwise may possess or handle any Collateral having a book value in excess of $1,150,000 in the aggregate at any time. 

  
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 9.1.5 Compliance with Laws. Comply with all Applicable Laws, including ERISA,
Environmental Laws, FLSA, OSHA, Anti-Terrorism Laws, and laws regarding collection and payment of Taxes, and maintain all Governmental Approvals necessary to the ownership of its Properties or conduct of its business, unless failure to comply (other
than failure to comply with Anti-Terrorism Laws) or maintain could not reasonably be expected to have a Material Adverse Effect. Without limiting the generality of the foregoing, if any Environmental Release occurs at or on any Properties of any
Obligor or Domestic Subsidiary, it shall act promptly and diligently to investigate and report to the Lenders and, to the extent required by Applicable Law, all appropriate Governmental Authorities the extent of, and to make appropriate remedial
action to eliminate, such Environmental Release, whether or not directed to do so by any Governmental Authority. 
 9.1.6 Taxes. Pay
and discharge all Taxes prior to the date on which they become delinquent or penalties attach, except for Taxes which in the aggregate do not exceed $250,000 or unless such Taxes are being Properly Contested. 

9.1.7 Insurance. In addition to the insurance required hereunder with respect to Collateral, maintain insurance with insurers
reasonably satisfactory to the Required Lenders or other insurers rated A+ or better by Best Rating Guide, (a) with respect to the Properties and business of the Obligors of such type (including product liability, workers’ compensation,
larceny, embezzlement, or other criminal misappropriation insurance), in such amounts, and with such coverages and deductibles as are customary for companies similarly situated, and (b) business interruption insurance with deductibles and
subject to an Insurance Assignment in favor of the Collateral Agent reasonably satisfactory to the Required Lenders. 
 9.1.8
Licenses. Keep each License affecting any material portion of the Collateral (including the manufacture, distribution or disposition of Inventory) or any other material Property of Obligors in full force and effect subject to non-renewal or
termination by the applicable Obligor in the Ordinary Course of Business, or otherwise in its reasonable judgment; notify Lenders of any proposed modification to any such License increasing the Royalties payable thereunder, or entry into any new
License, in each case at least 10 days prior to the effective date of such License or modification, pay all Royalties when due; and notify Lenders of any material default or breach asserted by any Person to have occurred under any License. 

9.1.9 Future Subsidiaries. Promptly notify the Lenders upon any Person becoming a Domestic Subsidiary and cause any such Subsidiary to
execute and deliver to Lenders a Joinder Agreement and to take such other actions as Collateral Agent shall require to evidence and perfect a Lien in favor of Collateral Agent (for the benefit of Lenders) on the Collateral in which such Person has
an interest, including delivery of such legal opinions, in form and substance reasonably satisfactory to the Required Lenders, as they shall deem appropriate; provided that prior to any Person becoming a Borrower hereunder, Borrower Representative
shall provide at least 5 days written notice to Collateral Agent. 

  
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 9.1.10 Additional Guarantors. In the event that any Person becomes party to the 2009
Indenture Guaranty or guaranties any part of the Second Lien Debt and such Person is not a Borrower hereunder, Borrower Representative shall immediately notify each Lender thereof and cause such Person to execute and deliver to the Lenders a Joinder
Agreement and to take such other actions as Collateral Agent shall require to evidence and perfect a Lien in favor of Collateral Agent (for the benefit of the Lenders) on the Collateral in which such Person has an interest, including delivery of
such legal opinions, in form and substance satisfactory to Collateral Agent, as it shall deem appropriate. 
 9.1.11 Preservation of
Existence, Etc. Maintain and preserve, its existence, rights and privileges, and become or remain, and cause each of its Subsidiaries to become or remain, duly qualified and in good standing in each jurisdiction in which the character of the
properties owned or leased by it or in which the transaction of its business makes such qualification necessary, except as permitted by Section 9.2.9 or except to the extent failure to be so qualified or in good standing could not
reasonably be likely to have a Material Adverse Effect. 
 9.1.12 Keeping of Records and Books of Account. Keep accurate records and
books of account, with entries made to permit the preparation of financial statements in accordance with GAAP. 
 9.1.13 Maintenance of
Properties, Etc. Maintain and preserve all of its properties which are necessary for the proper conduct of its business in good working order and condition, ordinary wear and tear and casualty and condemnation losses excepted. 

9.1.14 Obtaining of Permits, Etc. Obtain, maintain and preserve and take all necessary action to timely renew, all permits, licenses,
authorizations, approvals, entitlements and accreditations which are necessary or useful in the proper conduct of its business, except to the extent failure to do so could not reasonably be likely to have a Material Adverse Effect. 

9.1.15 Further Assurances. Take such action and execute, acknowledge and deliver at its sole cost and expense, such agreements,
instruments or other documents as Collateral Agent may reasonably require from time to time in order (a) to carry out more effectively the purposes of this Agreement and the other Loan Documents, (b) to subject to valid and perfected Liens
any of the Collateral, (c) to establish and maintain the validity and effectiveness of any of the Loan Documents and the validity, perfection and priority of the Liens intended to be created thereby, and (d) to better assure, convey,
grant, assign, transfer and confirm unto Collateral Agent and each Lender the rights now or hereafter intended to be granted to it under this Agreement or any other Loan Document. In furtherance of the foregoing, to the maximum extent permitted by
applicable law, each Obligor (i) authorizes Collateral Agent to execute any such agreements, instruments or other documents in such Obligor’s name and to file such agreements, instruments or other documents in any appropriate filing
office, (ii) authorizes Collateral Agent to file any financing statement required hereunder or under any other Loan Document, and any continuation statement or amendment with respect thereto, in any appropriate filing office without the
signature of such Obligor, and (iii) ratifies the filing of any financing statement, and any continuation statement or amendment with respect thereto, filed without the signature of such Obligor prior to the date hereof, in each case to the
extent such filings are necessary or desirable in order to perfect or maintain the perfection of Collateral Agent’s security interest in the Collateral. 

  
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 9.2 Negative Covenants. For so long as any Loans or Obligations are
outstanding, each Obligor shall not, and shall cause each Domestic Subsidiary not to: 
 9.2.1 Permitted Debt. Create, incur,
guarantee or suffer to exist any Debt, except: 
 (a) the Obligations; 

(b) Subordinated Debt; 
 (c)
Permitted Purchase Money Debt; 
 (d) Debt (other than the Obligations, Revolver Debt, Subordinated Debt, Permitted Purchase Money Debt, the
2009 Debentures, the Second Lien Debt and Term A Loan Debt), but only to the extent outstanding on the Closing Date and not satisfied with proceeds of the initial Loans and which is listed on Schedule 9.2.1; 

(e) Bank Product Debt (as defined in the Revolver Agreement); 

(f) Permitted Contingent Obligations, provided no Obligor or any Domestic Subsidiary thereof shall incur any Contingent Obligations in respect
of the obligations of any Foreign Subsidiary; 
 (g) Refinancing Debt as long as each Refinancing Condition is satisfied in respect of such
Refinancing Debt at the time such Refinancing Debt is incurred; 
 (h) the endorsement of negotiable instruments for deposit or
collection or similar transactions in the Ordinary Course of Business; 
 (i) unsecured intercompany Debt for loans and advances made
by any Borrower or wholly owned Subsidiary to (i) a Borrower, (ii) any other Obligor or (iii) if such wholly owned Subsidiary making such loan or advance is not an Obligor, any other wholly owned Subsidiary, provided that such
intercompany Debt of any Obligor is subordinated pursuant to Section 13.16; 
 (j) financing of insurance
premiums; 
 (k) unsecured Debt in an amount not to exceed $5,750,000 at any time outstanding; 

(1) other unsecured Debt of any Domestic Subsidiary which is not an Obligor, provided that, in connection with such Debt, no
Obligor has incurred a Contingent Obligation or any direct or contingent liability with respect thereto unless such Contingent Obligation is unsecured and is expressly permitted hereunder; 

  
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 (m) other Debt of any Obligor incurred or assumed in connection with a Permitted Acquisition
that is created, incurred or guaranteed after the Closing Date as long as it is permitted under the Revolver Agreement as in effect on the date hereof; 

(n) (i) the 2009 Debentures, as long as such Debt is subject to the 2009 Debenture Intercreditor Agreement; provided
that, the principal amount of the Debt owing under the 2009 Debentures shall not exceed at any time an amount equal to the principal amount outstanding under the 2009 Debentures as of the date of the consummation of the Exchange Offer,
plus any interest thereon that is paid-in-kind in accordance with the terms thereof and added to the outstanding principal thereof; (ii) the Revolver Debt, as long as such Debt is subject to the Intercreditor Agreement, and (iii) the
Second Lien Debt, as long as such Debt is subject to the Intercreditor Agreement; and 
 (o) Term B/C/D/E/F Loan Debt. 

9.2.2 Permitted Liens. Create or suffer to exist any Lien upon any of its Property, except the following (collectively, “Permitted
Liens”): 
 (a) Liens in favor of Collateral Agent securing the Obligations; 

(b) Purchase Money Liens securing Permitted Purchase Money Debt; 

(c) Liens for Taxes not yet due or being Properly Contested; 

(d) statutory Liens (other than Liens for Taxes or imposed under ERISA but including carriers’, warehousemen’s,
mechanics’, materialmen’s, repairmen’s or other like Liens) arising in the Ordinary Course of Business, but only if (i) payment of the obligations secured thereby is not yet due or is being Properly Contested, and (ii) such
Liens do not materially impair the value or use of the Property or materially impair operation of the business of any Borrower or Subsidiary; 

(e) Liens incurred or deposits made in the Ordinary Course of Business to secure the performance of tenders, bids, leases, contracts
(except those relating to Debt), statutory obligations (including in connection with workers’ compensation, unemployment insurance and other social security legislation (other than Liens for Taxes or imposed under ERISA)) and other similar
obligations, or arising as a result of progress payments under government contracts, as long as such Liens are at all times junior to Collateral Agent’s Liens; 

(f) Liens securing judgments for the payment of money in an aggregate amount not in excess of $5,750,000 (except to the extent covered by
independent third-party insurance as to which the insurer has acknowledged in writing its obligation to cover), unless any such judgment remains undischarged for a period of more than 10 consecutive days during which execution is not effectively
stayed; 

  
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 (g) easements, rights-of-way, restrictions, covenants or other agreements of record, and other
similar charges or encumbrances on Real Estate, that do not secure any monetary obligation and do not interfere with the Ordinary Course of Business; 

(h) normal and customary rights of setoff upon deposits in favor of depository institutions, and Liens of a collecting bank on Payment
Items in the course of collection; 
 (i) existing Liens shown on Schedule 9.2.2 and any renewals or extensions thereof,
provided that the Property covered thereby is not increased and any renewal or extension of the obligations secured or benefited thereby does not increase the maximum outstanding principal amount of such obligations; 

(j) Liens on fixed assets acquired in connection with a Permitted Acquisition so long as such Liens were existing at the time of such
Acquisition by a Borrower or Subsidiary and were not incurred, extended or renewed in contemplation of such Acquisition; provided that (i) the Lien shall attach solely to the property acquired, and (ii) at the time of acquisition of
such fixed assets, the aggregate amount remaining unpaid on all Debt secured by Liens on such fixed assets whether or not assumed by a Borrower or Subsidiary shall not exceed an amount equal to the lesser of the total purchase price or fair market
value at the time of acquisition of such fixed assets; 
 (k) other Liens that are created upon any of its Property (other than
Collateral) after the Closing Date so long as the fair market value of such property subject to such liens does not exceed $5,750,000 at any time outstanding; 

(l) Liens on deposits and unearned insurance premiums securing Debt permitted under Section 9.2(j); and 

(m) (i) Liens on Collateral securing the Debt owing under the 2009 Debentures, as long as such Liens are subject to the 2009
Debenture Intercreditor Agreement; (ii) Liens on Collateral securing the Debt owing under the Revolver Agreement, as long as such Debt is subject to the Intercreditor Agreement, (iii) Liens on Collateral securing the Second Lien Debt as
long as such liens are subject to the Intercreditor Agreement and (iv) Liens on Collateral securing the Term B/C/D/E/F Loan Debt and, in each case, such Debt is permitted under Section 9.2.1(n) or Section 9.2.1(o). 

9.2.3 [Intentionally Omitted] 

9.2.4 Distributions; Upstream Payments. 

(a) Declare or make any Distributions, except (i) Permitted Distributions and (ii) Upstream Payments; or 

(b) Create or suffer to exist any encumbrance or restriction on the ability of a Domestic Subsidiary to make any Upstream Payment, except
for restrictions under the Loan Documents, the Revolver Loan Documents and the Second Lien Debt Documents and under Applicable Law or restrictions in effect on the Closing Date as shown on Schedule 8.1.15. 

  
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 9.2.5 Restricted Investments. Make any Restricted Investment. 

9.2.6 Disposition of Assets. Make any Asset Disposition, except a Permitted Asset Disposition or a transfer of Property by a Subsidiary
or Obligor to a Borrower. 
 9.2.7 Loans; Extensions of Credit. Make any loans or other advances of money to any Person, except
(a) advances to an officer or employee for salary, travel expenses, commissions and similar items in the Ordinary Course of Business; (b) prepaid expenses and extensions of trade credit made in the Ordinary Course of Business;
(c) deposits with financial institutions permitted hereunder; (d) Investments consisting of extensions of credit in the nature of accounts receivable or notes receivable arising from the sale or lease of goods or services in the Ordinary
Course of Business, and Investments received in satisfaction or partial satisfaction thereof from financially troubled Account Debtors to the extent reasonably necessary in the relevant Obligor’s reasonable business judgment to prevent or limit
loss; (e) intercompany loans permitted by Section 9.2.1(i); and (f) loans or extensions of credit made in the ordinary course of business after the Closing Date as long as they are permitted under the Revolver Agreement as in
effect on the date hereof. 
 9.2.8 Restrictions on Payment of Certain Debt. Make any payments (whether voluntary or mandatory, or a
prepayment, redemption, retirement, defeasance or acquisition) with respect to any (a) Subordinated Debt, except regularly scheduled payments of principal, interest and fees, but only to the extent permitted under any subordination agreement
relating to such Debt (and a Responsible Officer of Borrower Representative shall certify to each Lender, not less than five Business Days prior to the date of payment, that all conditions under such agreement have been satisfied); or (b) other
Debt (other than the Obligations, Revolver Debt, the Second Lien Debt and Term B/C/D/E/F Loan Debt) prior to its due date under the agreements evidencing such Debt, except for any such prepayment with respect to the currently issued and outstanding
notes under the Convertible Debentures, Indenture or 2009 Indenture to the extent such prepayment is permitted under the Revolver Agreement. 

9.2.9 Fundamental Changes. (a) Merge, combine or consolidate with any Person, or liquidate, wind up its affairs or dissolve
itself, in each case whether in a single transaction or in a series of related transactions, except: 
 (i) any Subsidiary may merge
(x) with a Borrower, provided that such Borrower shall be the continuing or surviving Person, or (y) with any one or more Subsidiaries, provided that when any wholly-owned Subsidiary or Guarantor is merging with another
Subsidiary, the wholly-owned Subsidiary or Guarantor shall be the continuing or surviving Person, or (z) with any other Person in connection with any Permitted Acquisition, provided that the continuing or surviving Person shall be a
wholly-owned Subsidiary and, if such Subsidiary was a Guarantor or Borrower, also a Guarantor or Borrower; 
 (ii) any Subsidiary may
sell all or substantially all of its assets (upon voluntary liquidation or otherwise), to a Borrower or to another Subsidiary; provided that if the seller in such a transaction is a wholly-owned Subsidiary or a Guarantor, then the purchaser
must also be a wholly-owned Subsidiary or Guarantor, respectively; or 

  
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 (iii) in connection with a Permitted Asset Disposition. 

(b) Except following thirty (30) days prior written notice to each Lender, change its name or conduct business under any fictitious
name; change its tax or other organizational identification number; or change its form or state of organization. 
 9.2.10
Subsidiaries. Form or acquire any Subsidiary after the Closing Date, except in accordance with Section 9.1.9 or Section 9.2.9 in connection with Permitted Acquisitions; or permit any existing Domestic Subsidiary to issue any
additional Equity Interests except director’s qualifying shares and except for Permitted Investments and issuances by a wholly-owned Subsidiary in connection with any Permitted Acquisition. 

9.2.11 Organic Documents. Amend, modify or otherwise change any of its Organic Documents as in effect on the Closing Date except for
any amendment, modification or other change that does not adversely affect any Lender or any duty to pay Obligations. 
 9.2.12 Tax
Consolidation. File or consent to the filing of any consolidated income tax return with any Person other than Ultimate Parent and its Subsidiaries. 

9.2.13 Accounting Changes. Make any material change in accounting treatment or reporting practices, except as required by GAAP and in
accordance with Section 1.2; or change its Fiscal Year. 
 9.2.14 Restrictive Agreements. Become a party to or
permit any Subsidiary to become a party to any Restrictive Agreement, except a Restrictive Agreement as in effect on the Closing Date and shown on Schedule 8.1.16, the 2009 Indenture, the 2009 Indenture Guaranty, the Convertible Debentures,
the Indenture, the Second Lien Debt Documents or the Revolver Loan Documents. 
 9.2.15 Hedging Agreements. Enter into any Hedging
Agreement, except to hedge risks arising in the Ordinary Course of Business and not for speculative purposes. 
 9.2.16 Conduct of
Business. Engage in any business, other than its business as conducted on the Closing Date and any activities incidental thereto. 

9.2.17 Affiliate Transactions. Enter into or be party to any transaction with an Affiliate, except (a) transactions contemplated
by the Loan Documents; (b) payment of reasonable compensation to officers and employees for services actually rendered, and loans and advances permitted by Section 9.2.7; (c) payment of customary directors’ fees and
indemnities; (d) transactions solely among Obligors; (e) transactions with Affiliates that were consummated prior to the Closing Date, as shown on Schedule 9.2.17; (f) transactions with Affiliates (other than those
described in clause (g) below) in the Ordinary Course of Business, upon fair and reasonable terms fully disclosed to each Lender and no less favorable than would be obtained in a comparable
arm’s-length transaction with a non-Affiliate; (g) payment of management fees and customary and reasonable fees for management consulting services to Sun Capital Partners Management V, LLC pursuant
to Section 2 of the Management Services Agreement; provided that (i) no Event of Default has occurred and is continuing at the time of any such payment thereof or would result after giving effect thereto, (ii) Availability (as
defined in the Revolver 

  
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Agreement, as in effect on the date hereof) after giving effect to such payment is greater than $25,000,000 (it being understood that any management fees which may not be paid pursuant to the
foregoing conditions set forth in this proviso may accrue and be paid at such time as such conditions would be satisfied after giving effect to such payment); (h) payment of indemnities and reimbursements of reasonable out-of-pocket fees and
expenses incurred by Sun Capital Partners Management V, LLC in connection with the performance of the services under the Management Services Agreement; (i) transactions contemplated by the Term B/C/D/E/F Loan Agreement, and (j) payment of
dividends or other distributions to Ultimate Parent (whether made to Ultimate Parent directly or to any Person directly or indirectly owned by Ultimate Parent and ultimately remitted to Ultimate Parent) in an amount sufficient to permit Ultimate
Parent to pay (A) franchise taxes and other fees required to maintain Ultimate Holding’s corporate existence and (B) to pay consolidated or combined federal, state or local taxes, including estimated taxes, which payments in the
aggregate by each Obligor and Domestic Subsidiary are not in excess of the aggregate tax liabilities that would have been payable by each Obligor and Domestic Subsidiary calculated on a stand-alone basis. 

9.2.18 Plans. Become party to any Multiemployer Plan or Foreign Plan, other than any in existence on the Closing Date or assumed in
connection with any Permitted Acquisition. 
 9.2.19 Amendments to the Indenture, Convertible Debenture, the Convertible Debenture
Agreement, the Indenture Guaranty, the Convertible Debenture Guaranty, Revolver Agreement or Subordinated Debt. (a) Amend, supplement or otherwise modify (i) the 2009 Indenture or the 2009 Indenture Guaranty or (ii) any
Convertible Debenture or Convertible Debenture Agreement or Convertible Debenture Guaranty, in a manner that directly or indirectly accelerates the time of payment, increases the principal amount of or interest rate applicable to indebtedness issued
or provides for more restrictive terms that adversely affect the Lenders; 
 (b) Amend, supplement or otherwise modify any other
document, instrument or agreement relating to any Subordinated Debt, if such modification (i) increases the principal balance of such Debt, or increases any required payment of principal or interest; (ii) accelerates the date on which any
installment of principal or any interest is due, or adds any additional redemption, put or prepayment provisions; (iii) shortens the final maturity date or otherwise accelerates amortization; (iv) increases the interest rate;
(v) increases or adds any fees or charges; (vi) modifies any covenant in a manner or adds any representation, covenant or default that adversely affects the Lenders; or (vii) results in the Obligations not being fully benefited by the
subordination provisions thereof; or 
 (c) Amend, supplement or otherwise modify the Revolver Agreement or the Second Lien Debt in
violation of the Intercreditor Agreement. 
 9.2.20 Immaterial Subsidiaries. Permit or suffer any Immaterial Subsidiary to
(a) own or generate any Accounts (other than intercompany Accounts) or Inventory located in the United States of America or (ii) have revenues in any Fiscal Year in excess of $1,000,000, unless Borrower Representative causes such
Immaterial Subsidiary to execute a Joinder Agreement and to take such other actions as Collateral Agent shall require to evidence and perfect a Lien in favor of Collateral Agent (for the benefit of Lenders) on the Collateral in which such Person has

  
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an interest, including delivery of such legal opinions, in form and substance reasonably satisfactory to Collateral Agent, as it shall deem appropriate.  

9.2.21 Fixed Charge Coverage Ratio. At any time during a Covenant Testing Period, fail to have a Fixed Charge Coverage Ratio, measured
on a month-end basis, of at least 0.85 to 1.00 for the 12 month period ending on the last day of each Fiscal Month. 
 9.2.22 Federal
Reserve Regulations. Permit any Loan or the proceeds of any Loan under this Agreement to be used by Obligors to purchase or carry, or to reduce or refinance any Debt incurred to purchase or carry, any Margin Stock for any related purpose
governed by Regulations T, U or X of the Board of Governors. 
 9.2.23 Investment Company Act of 1940. Engage in any business, enter
into any transaction, use any securities or take any other action that would cause any Obligor to become an “investment company” or a “person directly or indirectly controlled by or acting on behalf of an investment company”
within the meaning of the Investment Company Act of 1940. 
 9.2.24 2009 Debenture Intercreditor Agreement. Incur Debt after the
Closing Date pursuant to Section 4.09(b)(1) of the 2009 Indenture and designate the holders of such Debt as additional holders of “Priority Obligations” (as defined in the 2009 Indenture Intercreditor Agreement). 

Section 10. EVENTS OF DEFAULT; REMEDIES ON DEFAULT 

10.1 Events of Default. Each of the following shall be an “Event of Default” hereunder, if the same shall occur
for any reason whatsoever, whether voluntary or involuntary, by operation of law or otherwise: 
 (a) Any Borrower fails to pay any
Obligations when due (whether at stated maturity, on demand, upon acceleration or otherwise); 
 (b) Any representation, warranty or
other written statement of any Obligor made in connection with any Loan Documents or transactions contemplated thereby is incorrect or misleading in any material respect when given; 

(c) Any Obligor breaches or fails to perform any covenant contained in Section 7.1, 7.6.2, 9.1.1, 9.1.2, 9.1.3 (other than
Section 9.1.3(j)) 9.1.7, 9.1.11 or 9.2, or Section 6 of the Security Agreement; 
 (d) Any Obligor breaches or
fails to perform any other covenant contained in any Loan Documents, and such breach or failure is not cured within 20 days after a Responsible Officer of such Obligor has knowledge thereof or a Responsible Officer of Borrower Representative
receives notice thereof from any Lender, whichever is sooner; provided, however, that such notice and opportunity to cure shall not apply if the breach or failure to perform is not capable of being cured within such period or is a
willful breach by an Obligor; 
 (e) Any Guarantor repudiates, revokes or attempts to revoke its guaranty hereunder; any Obligor denies
or contests the validity or enforceability of any Loan Documents or Obligations, or the perfection or priority of any Lien granted to Collateral Agent (for the benefit of the Lenders); or any Loan Document ceases to be in full force or effect for
any reason (other than a waiver or release by the Required Lenders); 

  
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 (f) Any breach or default of an Obligor occurs under any document, instrument or agreement
to which it is a party or by which it or any of its Properties is bound, relating to any Debt (other than the Obligations, the Revolver Debt and the Second Lien Debt) in excess of $5,750,000, if the maturity of or any payment with respect to such
Debt may be accelerated or demanded due to such breach; 
 (g) Any judgment or order for the payment of money remains outstanding for
more than 30 days against an Obligor in an amount that exceeds, individually or cumulatively with all unsatisfied judgments or orders against all Obligors, $5,750,000 (net of any insurance coverage therefor acknowledged in writing by the insurer),
unless a stay of enforcement of such judgment or order is in effect, by reason of a pending appeal or otherwise; 
 (h) Any loss,
theft, damage or destruction occurs with respect to any Collateral if the amount not covered by insurance exceeds $5,750,000; 

(i) Any Obligor is enjoined, restrained or in any way prevented by any Governmental Authority from conducting a portion of its business,
which action could reasonably be expected to have a Material Adverse Effect; any Obligor suffers the loss, revocation or termination of one or more licenses, permits, leases or agreements, which loss, revocation or termination could reasonably be
expected to have a Material Adverse Effect, except in connection with a Permitted Asset Disposition; there is a cessation of any part of an Obligor’s business for a period of time (other than in connection with a Permitted Asset Disposition),
which cessation could reasonably be expected to have Material Adverse Effect; any Obligor agrees to or commences any liquidation, dissolution or winding up of its affairs (other than in connection with a Permitted Asset Disposition); or any Obligor
ceases to be Solvent; 
 (j) Any Insolvency Proceeding is commenced by any Obligor; 

(k) Any Insolvency Proceeding is commenced against any Obligor and (i) such Obligor consents to the institution of the proceeding
against it, (ii) the petition commencing the proceeding is not timely controverted by such Obligor, (iii) such petition is not dismissed within 60 days after its filing, or (iv) an order for relief is entered in the proceeding; 

(1) A trustee (including an interim trustee) is appointed to take possession of any substantial Property of or to operate any of the
business of any Obligor; or any Obligor makes an offer of settlement, extension or composition to its unsecured creditors generally; 

(m) A Reportable Event occurs that constitutes grounds for termination by the Pension Benefit Guaranty Corporation of any Multiemployer
Plan or appointment of a trustee for any Multiemployer Plan; any Multiemployer Plan is terminated or any such trustee is requested or appointed; any Obligor is in “default” (as defined in Section 4219(c)(5) of ERISA) with respect to
payments to a Multiemployer Plan resulting from any withdrawal therefrom; or any event similar to the foregoing occurs or exists with respect to a Foreign Plan; 

  
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 (n) Any Obligor or any of its Responsible Officers is criminally indicted or convicted for
(i) a felony committed in the conduct of such Obligor’s business, or (ii) any state or federal law (including the Controlled Substances Act, Money Laundering Control Act of 1986 and Illegal Exportation of War Materials Act) that could
lead to forfeiture of any material Collateral; 
 (o) A Change of Control occurs; 

(p) The Obligations at any time fail to constitute “Priority Obligations” under and as defined in the 2009 Debenture
Intercreditor Agreement; or 
 (q) (i) the Obligors shall fail to pay when due any principal of or interest or premium on the
Revolver Debt or the Second Lien Debt (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise) and such failure shall continue after the applicable grace period, if any, specified in the Revolver Agreement or the
Second Lien Term Loan Agreement, as applicable, if the effect of such default is to accelerate the maturity of the Revolver Debt or the Second Lien Debt, as applicable, (ii) any other event, shall occur and shall continue after the applicable
grace period, if any, specified in such agreement or instrument, if the effect of such other default or event is to accelerate the maturity of the Revolver Debt or the Second Lien Debt; or (iii) the Revolver Debt or the Second Lien Debt shall
be declared to be due and payable, or required to be prepaid (other than by a regularly scheduled required prepayment), redeemed, purchased or defeased or an offer to prepay, redeem, purchase or defease the Revolver Debt or the Second Lien Debt
shall be required to be made, in each case, prior to the Stated Maturity thereof; provided that this clause (q) shall not apply to the Revolver Debt or the Second Lien Debt that becomes due as a result of the voluntary sale or transfer
of property or assets permitted under the Revolver Agreement or the Second Lien Term Loan Agreement, as applicable, or as a result of the application (other than by reason of a breach or default by the Obligors) of any provision of the Revolver
Agreement or the Second Lien Term Loan Agreement, as applicable, that requires the Obligors to prepay a portion (but less than substantially all) of the Revolver Debt or the Second Lien Debt then outstanding or that requires the Obligors to offer to
redeem or repurchase some (but less than substantially all) of the Revolver Debt or the Second Lien Debt then outstanding.  

10.2 Remedies upon Default. If an Event of Default described in Section 10.1(j) occurs with respect to any
Obligor, then to the extent permitted by Applicable Law, all Obligations shall become automatically due and payable and all Loans shall terminate, without any action by any Lender or notice of any kind. In addition, or if any other Event of Default
exists, the Required Lenders may do any one or more of the following from time to time, subject to the terms of the Intercreditor Agreement: 

(a) declare any Obligations immediately due and payable, whereupon they shall be due and payable without diligence, presentment, demand,
protest or notice of any kind, all of which are hereby waived by Borrowers to the fullest extent permitted by law; and 
 (b) instruct
the Collateral Agent to exercise any other rights or remedies afforded under any Loan Document, by law, at equity or otherwise, including the rights and remedies of a secured party under the UCC. Such rights and remedies include the rights to
(i)

  
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take possession of any Collateral; (ii) require Obligors to assemble Collateral, at Obligors’ expense, and make it available to Collateral Agent at a place designated by Collateral
Agent; (iii) enter any premises where Collateral is located and store Collateral on such premises until sold (and if the premises are owned or leased by an Obligor, Obligors agree not to charge for such storage); and (iv) sell or otherwise
dispose of any Collateral in its then condition, or after any further manufacturing or processing thereof, at public or private sale, with such notice as may be required by Applicable Law, in lots or in bulk, at such locations, all as Collateral
Agent, in its discretion, deems advisable. Each Obligor agrees that 10 days’ notice of any proposed sale or other disposition of Collateral by Collateral Agent shall be reasonable. Collateral Agent shall have the right to conduct such sales on
any Obligor’s premises, without charge, and such sales may be adjourned from time to time in accordance with Applicable Law. Collateral Agent shall have the right to sell, lease or otherwise dispose of any Collateral for cash, credit or any
combination thereof, and Collateral Agent may purchase any Collateral at public or, if permitted by law, private sale and, in lieu of actual payment of the purchase price, may set off the amount of such price against the Obligations.  

10.3 License. Collateral Agent for the benefit of each Lender is hereby granted an irrevocable, non-exclusive license or
other right to use, license or sub-license (without payment of royalty or other compensation to any Person) any or all Property of Obligors, including, without limitation, all Intellectual Property of Obligors, computer hardware and software, trade
secrets, brochures, customer lists, promotional and advertising materials, labels and packaging materials, in advertising for sale, marketing, selling, collecting, completing manufacture of, or otherwise exercising any rights or remedies with
respect to, any Collateral if and for so long as such non-exclusive license or other right to use, license or sub-license would not constitute or result in (i) the abandonment, invalidation or unenforceability of any right, title or interest of
such Obligor therein or (ii) in a breach or termination pursuant to the terms of, or a default under, any such non-exclusive license or other right to use, license or sublicense, provided however, that at such time as the condition causing such
abandonment, invalidation or unenforceability shall be remedied and to the extent severable, such grant shall include immediately and automatically any portion of such lease, license, contract, property rights or agreement that does not result in
any of the consequences specified in clauses (i) or (ii) above. Each Obligor’s rights and interests under Intellectual Property shall inure to Collateral Agent (for the benefit of the Lenders).  

10.4 Setoff. Lenders and their Affiliates (other than an Obligor or any Subsidiary of an Obligor) are each authorized by
Obligors at any time during an Event of Default, without notice to Obligors or any other Person, but subject to the Intercreditor Agreement, to set off and to appropriate and apply any deposits (general or special), funds, claims, obligations,
liabilities or other Debt at any time held or owing by any Lender or any such Affiliate (other than an Obligor or any Subsidiary of an Obligor) to or for the account of any Obligor against any Obligations, whether or not demand for payment of such
Obligation has been made, any Obligations have been declared due and payable, are then due, or are contingent or unmatured, or the Collateral or any guaranty or other security for the Obligations is adequate; it being understood and agreed, as
between Lenders and their Affiliates (other than an Obligor or any Subsidiary of an Obligor), that all such deposits, funds or other moneys to be applied against any Obligations shall be allocated in accordance with the Intercreditor Agreement. 

  
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 10.5 Remedies Cumulative No Waiver. 

10.5.1 Cumulative Rights. All covenants, conditions, provisions, warranties, guaranties, indemnities and other
undertakings of Obligors contained in the Loan Documents are cumulative and not in derogation or substitution of each other. In particular, the rights and remedies of Lenders are cumulative, may be exercised at any time and from time to time,
concurrently or in any order, and shall not be exclusive of any other rights or remedies that Lenders may have, whether under any agreement, by law, at equity or otherwise. 

10.5.2 Waivers. The failure or delay of any Lender to require strict performance by Obligors with any terms of the Loan Documents, or
to exercise any rights or remedies with respect to Collateral or otherwise, shall not operate as a waiver thereof nor as establishment of a course of dealing. All rights and remedies shall continue in full force and effect until Full Payment of all
Obligations. No modification of any terms of any Loan Documents (including any waiver thereof) shall be effective, unless such modification is specifically provided in a writing directed to Obligors and executed by the Lenders or the requisite
Lenders, and such modification shall be applicable only to the matter specified. No waiver of any Default or Event of Default shall constitute a waiver of any other Default or Event of Default that may exist at such time, unless expressly stated. If
any Lender accepts performance by any Obligor under any Loan Documents in a manner other than that specified therein, or during any Default or Event of Default, or if any Lender shall delay or exercise any right or remedy under any Loan Documents,
such acceptance, delay or exercise shall not operate to waive any Default or Event of Default nor to preclude exercise of any other right or remedy. It is expressly acknowledged by Obligors that any failure to satisfy a financial covenant on a
measurement date shall not be cured or remedied by satisfaction of such covenant on a subsequent date. 
 Section 11. COLLATERAL AGENT 

11.1 Appointment, Authority and Duties of Collateral Agent. 

11.1.1 Appointment and Authority. Each Lender appoints and designates Sun Finance as Collateral Agent hereunder.
Collateral Agent has and may further, and each Lender authorizes Collateral Agent to, enter into all Loan Documents (including, without limitation, the 2009 Debenture Intercreditor Agreement and Intercreditor Agreement, any amendments thereto, and
any and all other subordination and/or intercreditor agreements required under the terms of this Agreement) to which Collateral Agent is intended to be a party and accept all Loan Documents, for Collateral Agent’s benefit and the Pro Rata
benefit of Lenders. Each Lender agrees that any action taken by Collateral Agent or Required Lenders in accordance with the provisions of the Loan Documents, and the exercise by Collateral Agent or Required Lenders of any rights or remedies set
forth therein, together with all other powers reasonably incidental thereto, shall be authorized and binding upon all Lenders. Without limiting the generality of the foregoing, Collateral Agent shall have the sole and exclusive authority to
(a) act as the disbursing and collecting agent for Lenders with respect to all payments and collections arising in connection with the Loan Documents; (b) execute and deliver as Collateral Agent each Loan Document, including any
intercreditor or subordination agreement, and accept delivery of each Loan Document from any Obligor or other Person; (c) act as collateral agent for Lenders for purposes of perfecting and administering Liens under the Loan Documents, and for
all other 

  
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purposes stated therein; (d) manage, supervise or otherwise deal with Collateral; and (e) exercise all rights and remedies given to Collateral Agent with respect to any Collateral under
the Loan Documents, Applicable Law or otherwise. The duties of Collateral Agent shall be ministerial and administrative in nature, and Collateral Agent shall not have a fiduciary relationship with any Lender, Participant or other Person, by reason
of any Loan Documents or any transaction relating thereto. 
 11.1.2 Duties. Collateral Agent shall not have any duties except those
expressly set forth herein and in the Loan Documents, nor be required to initiate or conduct any Enforcement Action except to the extent directed to do so by Required Lenders in accordance with and pursuant to the terms of this Agreement and subject
to the terms of the Intercreditor Agreement. The conferral upon Collateral Agent of any right shall not imply a duty on Collateral Agent’s part to exercise such right unless instructed to do so by Required Lenders in accordance with this
Agreement and subject to the terms of the Intercreditor Agreement. 
 11.1.3 Collateral Agent Professionals. Collateral Agent may
perform its duties through agents and employees. Collateral Agent may consult with and employ Agent Professionals, and shall be entitled to act upon, and shall be fully protected in any action taken in good faith reliance upon, any advice given by
an Agent Professional. Collateral Agent shall not be responsible for the negligence or misconduct of any agents, employees or Agent Professionals selected by it with reasonable care. 

11.1.4 Instructions of Required Lenders. The rights and remedies conferred upon Collateral Agent under the Loan Documents may be
exercised without the necessity of joinder of any other party, unless required by Applicable Law. Collateral Agent may request instructions from Required Lenders with respect to any act (including the failure to act) in connection with any Loan
Documents, and may seek assurances to its satisfaction from Lenders of their indemnification obligations under Section 11.5 against all Claims that could be incurred by Collateral Agent in connection with any act. Collateral Agent shall
be entitled to refrain from any act until it has received such instructions or assurances, and Collateral Agent shall not incur liability to any Person by reason of so refraining. Instructions of Required Lenders shall be binding upon all Lenders,
and no Lender shall have any right of action whatsoever against Collateral Agent as a result of Collateral Agent acting or refraining from acting in accordance with the instructions of Required Lenders. Notwithstanding the foregoing, instructions by
and consent of all Lenders shall be required in the circumstances described in Section 13.1.1, and in no event shall Required Lenders, without the prior written consent of each Lender, direct Collateral Agent to accelerate
and demand payment of Loans held by one Lender without accelerating and demanding payment of all other Loans. In no event shall Collateral Agent be required to take any action that, in its opinion, is contrary to Applicable Law or any Loan Document
or could subject any Agent Indemnitee to personal liability. 
 11.2 Agreements Regarding Collateral and Field Examination
Reports. 
 11.2.1 Lien Releases; Care of Collateral. Lenders authorize Collateral Agent to release any
Lien with respect to any Collateral (a) upon Full Payment of the Obligations, (b) that is the subject of an Asset Disposition which Borrower Representative certifies in writing to Collateral Agent is a Permitted Asset Disposition or a Lien
which Borrower Representative 

  
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certifies is a Permitted Lien entitled to priority over Collateral Agent’s Liens (and Collateral Agent may rely conclusively on any such certificate without further inquiry), (c) that
is within the limitations set forth in Section 13.1.1(c)(iii), (d) with the written consent of all Lenders or (e) in accordance with the terms of the Intercreditor Agreement; provided further, upon request of Borrower
Representative, Collateral Agent will provide Borrower Representative with a release of the Collateral Agent’s security interest in any assets or Collateral in conjunction with a Permitted Asset Disposition. Collateral Agent shall have no
obligation whatsoever to any Lenders to assure that any Collateral exists or is owned by an Obligor, or is cared for, protected, insured or encumbered, nor to assure that Collateral Agent’s Liens have been properly created, perfected or
enforced, or are entitled to any particular priority, nor to exercise any duty of care with respect to any Collateral. 
 11.2.2
Possession of Collateral. Collateral Agent and Lenders appoint each other Lender as agent for the purpose of perfecting Liens (for the benefit of the Lenders) in any Collateral that, under the UCC or other Applicable Law, can be perfected by
possession. If any Lender obtains possession of any such Collateral, it shall notify Collateral Agent thereof and, promptly upon Collateral Agent’s request, deliver such Collateral to Collateral Agent or otherwise deal with such Collateral in
accordance with Collateral Agent’s instructions. 
 11.2.3 Reports. Collateral Agent shall promptly, upon receipt thereof,
forward to each Lender copies of the results of any field audit prepared by or on behalf of Collateral Agent with respect to any Obligor or Collateral (“Report”). Each Lender agrees (a) that Collateral Agent make no representation or
warranty as to the accuracy or completeness of any Report, and shall not be liable for any information contained in or omitted from any Report; (b) that the Reports are not intended to be comprehensive audits or examinations, and that
Collateral Agent or any other Person performing any audit or examination will inspect only specific information regarding Obligations or the Collateral and will rely significantly upon Obligors books and records as well as upon representations of
Obligors officers and employees; and (c) to keep all Reports confidential and strictly for such Lender’s internal use, and not to distribute any Report (or the contents thereof) to any Person (except to such Lender’s Participants,
attorneys and accountants) or use any Report in any manner other than administration of the Loans and other Obligations. Each Lender agrees to indemnify and hold harmless Collateral Agent and any other Person preparing a Report from any action such
Lender may take as a result of or any conclusion it may draw from any Report, as well as any Claims arising in connection with any third parties that obtain all or any part of a Report through such Lender. 

11.3 Reliance By Collateral Agent. Collateral Agent shall be entitled to rely, and shall be fully protected in relying,
upon any certification, notice or other communication (including those by telephone, telex, telegram, telecopy or e-mail) believed by it to be genuine and correct and to have been signed, sent or made by the proper Person, and upon the advice and
statements of Agent Professionals. 
 11.4 Action Upon Default. Collateral Agent shall not be deemed to have knowledge
of any Default or Event of Default unless it has received written notice from a Lender or Borrower specifying the occurrence and nature thereof. If any Lender acquires knowledge of a Default or Event of Default, it shall promptly notify Collateral
Agent and the other Lenders thereof in writing. Each Lender agrees that, except as otherwise provided in any Loan 

  
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Documents or with the written consent of Collateral Agent and Required Lenders, it will not take any Enforcement Action, accelerate its Obligations, or exercise any right that it might otherwise
have under Applicable Law to credit bid at foreclosure sales, UCC sales or other similar dispositions of Collateral. Notwithstanding the foregoing, however, a Lender may take action to preserve or enforce its rights against an Obligor where a
deadline or limitation period is applicable that would, absent such action, bar enforcement of Obligations held by such Lender, including the filing of proofs of claim in an Insolvency Proceeding. 

11.5 Ratable Sharing. If any Lender shall obtain any payment or reduction of any Obligation, whether through set-off or
otherwise, in excess of its share of such Obligation, determined on a Pro Rata basis or in accordance with Section 5.4.1, as applicable, such Lender shall forthwith purchase from the other Lenders such participations in the
affected Obligation as are necessary to cause the purchasing Lender to share the excess payment or reduction on a Pro Rata basis or in accordance with Section 5.4.1, as applicable. If any of such payment or reduction is
thereafter recovered from the purchasing Lender, the purchase shall be rescinded and the purchase price restored to the extent of such recovery, but without interest. 

11.6 Indemnification of Agent Indemnitees. 

11.6.1 Indemnification. EACH LENDER SHALL INDEMNIFY AND HOLD HARMLESS AGENT INDEMNITEES, TO THE EXTENT NOT REIMBURSED BY
OBLIGOR (BUT WITHOUT LIMITING THE INDEMNIFICATION OBLIGATIONS OF OBLIGORS UNDER ANY LOAN DOCUMENTS), ON A PRO RATA BASIS, AGAINST ANY AND ALL LIABILITIES, CLAIMS, OBLIGATIONS, LOSSES, DAMAGES, PENALTIES, ACTIONS, JUDGMENTS, SUITS, COSTS, EXPENSES
(INCLUDING ALL REASONABLE FEES AND EXPENSES OF COUNSEL TO SUCH AGENT INDEMNITEES), ADVANCES OR DISBURSEMENTS OF ANY KIND OR NATURE WHATSOEVER WHICH MAY BE IMPOSED ON, INCURRED BY, OR ASSERTED AGAINST THE AGENT INDEMNITEES IN ANY WAY RELATING TO OR
ARISING OUT OF THIS AGREEMENT, ANY OF THE OTHER LOAN DOCUMENTS OR ANY TRANSACTIONS CONSUMMATED PURSUANT TO THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS OR ANY ACTION TAKEN OR OMITTED BY THE AGENT INDEMNITEES UNDER THIS AGREEMENT, ANY OF THE
OTHER LOAN DOCUMENTS, OR ANY TRANSACTIONS CONSUMMATED PURSUANT TO THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS (INCLUDING, WITHOUT LIMITATION, BY REASON OF COLLATERAL AGENT’S ENTERING INTO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT) other
than liabilities, claims, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses, advances or disbursements resulting from the gross negligence or willful misconduct of Agent Indemnitees. If Collateral Agent is sued by
any receiver, trustee in bankruptcy, debtor-in-possession or other Person for any alleged preference from an Obligor or fraudulent transfer, then any monies paid by Collateral Agent in settlement or satisfaction of such proceeding, together with all
interest, costs and expenses (including attorneys’ fees) incurred in the defense of same, shall be promptly reimbursed to Collateral Agent by Lenders to the extent of each Lender’s Pro Rata share. 

11.6.2 Proceedings. Without limiting the generality of the foregoing, if at any time (whether prior to or after the Termination Date)
any proceeding is brought against any 

  
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Agent Indemnitees by an Obligor, or any Person claiming through an Obligor, to recover damages for any act taken or omitted by Collateral Agent in connection with any Obligations, Collateral,
Loan Documents or matters relating thereto, or otherwise to obtain any other relief of any kind on account of any transaction relating to any Loan Documents, each Lender agrees to indemnify and hold harmless Agent Indemnitees with respect thereto
and to pay to Agent Indemnitees such Lender’s Pro Rata share of any amount that any Agent Indemnitee is required to pay under any judgment or other order entered in such proceeding or by reason of any settlement, including all interest, costs
and expenses (including attorneys’ fees) incurred in defending same other than damages resulting from the gross negligence or willful misconduct of Agent Indemnitees. In Collateral Agent’s discretion, Collateral Agent may reserve for any
such proceeding, and may satisfy any judgment, order or settlement, from proceeds of Collateral prior to making any distributions of Collateral proceeds to Lenders subject to the Intercreditor Agreement. 

11.7 Limitation on Responsibilities of Collateral Agent. Collateral Agent shall not be liable to Lenders for any action
taken or omitted to be taken under the Loan Documents, except for losses directly and solely caused by Collateral Agent’s gross negligence or willful misconduct. Collateral Agent does not assume any responsibility for any failure or delay in
performance or any breach by any Obligor or Lender of any obligations under the Loan Documents. Collateral Agent does not make to Lenders any express or implied warranty, representation or guarantee with respect to any Obligations, Collateral, Loan
Documents or Obligor. No Agent Indemnitee shall be responsible to Lenders for any recitals, statements, information, representations or warranties contained in any Loan Documents; the execution, validity, genuineness, effectiveness or enforceability
of any Loan Documents; the genuineness, enforceability, collectability, value, sufficiency, location or existence of any Collateral, or the validity, extent, perfection or priority of any Lien therein; the validity, enforceability or collectability
of any Obligations; or the assets, liabilities, financial condition, results of operations, business, creditworthiness or legal status of any Obligor or Account Debtor. No Agent Indemnitee shall have any obligation to any Lender to ascertain or
inquire into the existence of any Default or Event of Default, the observance or performance by any Obligor of any terms of the Loan Documents, or the satisfaction of any conditions precedent contained in any Loan Documents. 

11.8 Successor Agent and Co-Agents. 

11.8.1 Resignation; Successor Collateral Agent. Collateral Agent may resign at any time by giving at least 30 days
written notice thereof to Lenders and Borrower Representative. Upon receipt of such notice, Required Lenders shall have the right to appoint a successor Collateral Agent which shall be (a) a Lender or an Affiliate of a Lender; or (b) a
commercial bank that is organized under the laws of the United States or any state or district thereof has a combined capital surplus of at least $500,000,000 and (provided no Default or Event of Default exists) is reasonably acceptable to Borrower
Representative; provided that if any such successor Collateral Agent is not a United Stated person within the meaning of Code Section 7701(a)(30), such appointment shall be subject to approval by the Borrower Representative. If no successor
agent is appointed prior to the effective date of the resignation of Collateral Agent, then Collateral Agent may appoint a successor agent from among the Lenders. Immediately upon such appointment by Collateral Agent, such successor Collateral Agent
shall 

  
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thereupon succeed to and become vested with all the powers and duties of the retiring Collateral Agent without further act, and the retiring Collateral Agent shall be discharged from its duties
and obligations hereunder but shall continue to have the benefits of the indemnification set forth in Sections 11.5 and 13.2. Notwithstanding any Collateral Agent’s resignation, the provisions of this Section 11 shall
continue in effect for its benefit with respect to any actions taken or omitted to be taken by it while Collateral Agent. Any successor by merger or acquisition of the stock or assets of Sun Finance shall continue to be Collateral Agent hereunder
without further act on the part of the parties hereto, unless such successor resigns as provided above. 
 11.8.2 Separate Collateral
Agent. It is the intent of the parties that there shall be no violation of any Applicable Law denying or restricting the right of financial institutions to transact business in any jurisdiction. If Collateral Agent believes that it may be
limited in the exercise of any rights or remedies under the Loan Documents due to any Applicable Law, Collateral Agent may appoint an additional Person who is not so limited, as a separate collateral agent or co-collateral agent. If Collateral Agent
so appoints a collateral agent or co-collateral agent, each right and remedy intended to be available to Collateral Agent under the Loan Documents shall also be vested in such separate agent. Every covenant and obligation necessary to the exercise
thereof by such agent shall run to and be enforceable by it as well as Collateral Agent. Lenders shall execute and deliver such documents as Collateral Agent deems appropriate to vest any rights or remedies in such agent. If any collateral agent or
co-collateral agent shall die or dissolve, become incapable of acting, resign or be removed, then all the rights and remedies of such agent, to the extent permitted by Applicable Law, shall vest in and be exercised by Collateral Agent until
appointment of a new agent.  
 11.9 Due Diligence and Non-Reliance. Each Lender acknowledges and agrees that it
has, independently and without reliance upon Collateral Agent or any other Lenders, and based upon such documents, information and analyses as it has deemed appropriate, made its own credit analysis of each Obligor and its own decision to enter into
this Agreement and to fund the Loans hereunder. Each Lender has made such inquiries concerning the Loan Documents, the Collateral and each Obligor as such Lender feels necessary. Each Lender further acknowledges and agrees that the other Lenders and
Collateral Agent have made no representations or warranties concerning any Obligor, any Collateral or the legality, validity, sufficiency or enforceability of any Loan Documents or Obligations. Each Lender will, independently and without reliance
upon the other Lenders or Collateral Agent, and based upon such financial statements, documents and information as it deems appropriate at the time, continue to make and rely upon its own credit decisions in making the Loans, and in taking or
refraining from any action under any Loan Documents. Collateral Agent shall have no duty or responsibility to provide any Lender with any notices, reports or certificates furnished to Collateral Agent by any Obligor or any credit or other
information concerning the affairs, financial condition, business or Properties of any Obligor (or any of its Affiliates) which may come into possession of Collateral Agent or any of Collateral Agent’s Affiliates.  

11.10 No Third Party Beneficiaries. This Section 11 is an agreement solely among Lenders and Collateral
Agent, and does not confer any rights or benefits upon Obligor or any other Person. As between Obligors and Collateral Agent, any action that Collateral Agent may take under any Loan Documents shall be conclusively presumed to have been authorized
and directed by Lenders as herein provided. 

  
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 11.11 Collateral Agent in its Individual Capacity. Each of Sun Finance and
its Affiliates may accept deposits from, maintain deposits or credit balances for, invest in, lend money to, provide bank products to, act as trustee under indentures of, serve as financial or other advisor to, and generally engage in any kind of
business with, Obligors and their Affiliates, as if Sun Finance were any other financial institution, without any duty to account therefor (including any fees or other consideration received in connection therewith) to the Lenders. In their
individual capacity, Sun Finance and its Affiliates may receive information regarding Obligors, their Affiliates and their Account Debtors (including information subject to confidentiality obligations), and each Lender agrees that Sun Finance and
its Affiliates (other than an Obligor or any Subsidiary of an Obligor) shall be under no obligation to provide such information to Lenders.  

Section 12. BENEFIT OF AGREEMENT; ASSIGNMENTS AND PARTICIPATIONS 

12.1 Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of Obligors, Collateral Agent and
Lenders and their respective successors and assigns, except that (a) no Obligor shall have the right to assign its rights or delegate its obligations under any Loan Documents and any such assignment shall be absolutely void ab initio,
and (b) any assignment by a Lender must be made in compliance with Section 12.3. Agent pay treat the Person which made any Loan as the owner thereof for all purposes until such Person makes an assignment in accordance with
Section 12.3. Any authorization or consent of a Lender shall be conclusive and binding on any subsequent transferee or assignee of such Lender. 

12.2 Participations.  

12.2.1 Permitted Participants; Effect. Any Lender may, in the ordinary course of its business and in accordance with Applicable Law, at
any time sell to a Person (“Participant”) a participating interest in the rights and obligations of such Lender under any Loan Documents. Despite any sale by a Lender of participating interests to a Participant, such Lender’s
obligations under the Loan Documents shall remain unchanged, such Lender shall remain solely responsible to the other parties hereto for performance of such obligations, such Lender shall remain the holder of its Loans for all purposes, all amounts
payable by Borrowers shall be determined as if such Lender had not sold such participating interests, and Borrowers and Collateral Agent shall continue to deal solely and directly with such Lender in connection with the Loan Documents. Each Lender
shall be solely responsible for notifying its Participants of any matters under the Loan Documents, and Collateral Agent and the other Lenders shall not have any obligation or liability to any such Participant. A Participant shall not be entitled to
the benefits of Section 5.7 unless Borrowers agree otherwise in writing and unless such Participant shall have agreed to be treated as a Lender for purposes of, and subject to, Sections 5.6 and 5.7 and the definition of
“Excluded Taxes”. In the event that a Lender sells participations in a Loan, such Lender, as a non-fiduciary agent on behalf of Borrowers, shall maintain (or cause to be maintained) a register on which it enters the name of all
participants in the Loan held by it (and the principal amount (and stated interest thereon) of the portion of the Loan that is subject to such participations) (the “Participant Register”). No Lender shall have any obligation to disclose
all or any portion of the Participant Register to any Borrower or any other Person (including the existence or identity of any participant or any information relating to a participant’s interest in the Loans or other obligations under this
Agreement) except to the extent that such disclosure is necessary to 

  
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establish that such Loans or other obligations are in registered form under Treas. Reg. Section 5f.103-1(c). A Loan (and the Note, if any, evidencing the same) may be participated in whole
or in part only by registration of such participation on the Participant Register (and each note shall expressly so provide). Any participation of such Loan (and the note, if any, evidencing the same) may be effected only by the registration of such
participation on the Participant Register. 
 12.2.2 Voting Rights. Each Lender shall retain the sole right to approve, without the
consent of any Participant, any amendment, waiver or other modification of any Loan Documents other than that which forgives principal, interest or fees, reduces the stated interest rate or fees payable with respect to any Loans in which such
Participant has an interest, postpones the Termination Date or any date fixed for any regularly scheduled payment of principal, interest or fees on such Loan, or releases any Borrower, Guarantor or substantial portion of the Collateral. 

12.2.3 Benefit of Set-Off. Borrowers agree that each Participant shall have a right of set-off in respect of its participating interest
to the same extent as if such interest were owing directly to a Lender, and each Lender shall also retain the right of set-off with respect to any participating interests sold by it. By exercising any right of set-off, a Participant agrees to share
with Lenders all amounts received through its set-off, in accordance with Section 11.4 as if such Participant were a Lender. 

12.3 Assignments.  

12.3.1 Permitted Assignments. A Lender may assign to any Eligible Assignee any of its rights and obligations under the Loan Documents,
as long as (a) each assignment is of a constant, and not a varying, percentage of the transferor Lender’s rights and obligations under the Loan Documents and, in the case of a partial assignment, is in a minimum principal amount of
$250,000 (unless otherwise agreed by the Required Lenders in their discretion) and integral multiples of $100,000 in excess of that amount; (b) except in the case of an assignment in whole of a Lender’s rights and obligations, the
aggregate amount of the Loans retained by the transferor Lender be at least $250,000 (unless otherwise agreed by the Required Lenders in their discretion); and (c) the parties to each such assignment shall execute and deliver to Lender, for its
acceptance and recording, an Assignment and Acceptance. Nothing herein shall limit the right of a Lender to pledge or assign any rights under the Loan Documents to (i) any Federal Reserve Bank or the United States Treasury as collateral
security pursuant to Regulation A of the Board of Governors and any Operating Circular issued by such Federal Reserve Bank, or (ii) counterparties to swap agreements relating to any Loans; provided, however, that any payment by Borrowers to the
assigning Lender in respect of any Obligations assigned as described in this sentence shall satisfy Borrowers’ obligations hereunder to the extent of such payment, and no such assignment shall release the assigning Lender from its obligations
hereunder. 
 12.3.2 Effect; Effective Date. From the effective date of the assignment notice in the form of Exhibit C,
(a) the Eligible Assignee shall for all purposes be a Lender under the Loan Documents, and shall have all rights and obligations of a Lender thereunder, and (b) the transferor Lender shall, to the extent that rights and obligations
hereunder and under the other Loan Documents have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights (except with respect to any indemnification provisions provided for the

  
 -67- 

 
benefit of the Lenders hereunder or under the other Loan Documents or any other rights of the Lenders that are to survive the termination of this Agreement or any other Loan Documents) and be
released from any future obligations under this Agreement (and in the case of an Assignment and Acceptance covering all or the remaining portion of a transferor Lender’s rights and obligations under this Agreement and the other Loan Documents,
such Lender shall cease to be a party hereto and thereto). Upon consummation of an assignment, the transferor Lender, Collateral Agent and Borrowers shall make appropriate arrangements for issuance of replacement and/or new Notes, as appropriate.
 
 12.4 Tax Treatment. If any interest in a Loan Document is transferred to a Eligible Assignee that is
organized under the laws of any jurisdiction other than the United States or any state or district thereof, the Eligible Assignee, concurrently with the effectiveness of such transfer, shall have complied with the provisions of
Section 5.7.  
 12.5 Register. Collateral Agent (as a non-fiduciary agent on behalf
of Borrowers) shall maintain, or cause to be maintained, a register (the “Register”) on which it enters the name and address of each Lender as the registered owner of the Obligations (and the principal amount and stated interest thereon)
held by such Lender (each, a “Registered Loan”). Other than in connection with an assignment by a Lender of all or any portion of its portion of the Obligations to an Affiliate of such Lender (i) a Registered Loan (and the registered
note, if any, evidencing the same) may be assigned or sold in whole or in part only by registration of such assignment or sale on the Register (and each registered note shall expressly so provide) and (ii) any assignment or sale of all or part
of such Registered Loan (and the registered note, if any, evidencing the same) may be effected only by registration of such assignment or sale on the Register, together with the surrender of the registered note, if any, evidencing the same duly
endorsed by (or accompanied by a written instrument of assignment or sale duly executed by) the holder of such registered note, whereupon, at the request of the designated assignee(s) or transferee(s), one or more new registered notes in the same
aggregate principal amount shall be issued to the designated assignee(s) or transferee(s). Prior to the registration of assignment or sale of any Registered Loan (and the registered note, if any evidencing the same), Borrowers shall treat the Person
in whose name such Registered Loan (and the registered note, if any, evidencing the same) is registered as the owner thereof for the purpose of receiving all payments thereon and for all other purposes, notwithstanding notice to the contrary. In the
case of any assignment by a Lender of all or any portion of its Loans to an Affiliate of such Lender, and which assignment is not recorded in the Register, the assigning Lender, on behalf of Borrowers, shall maintain a register comparable to the
Register. Collateral Agent shall make a copy of the Register (and each Lender shall make a copy of its Participant Register to the extent it has one) available for review by Borrowers from time to time during normal business hours as Borrowers may
reasonably request. It is intended that any Register and Participant Register comply with the requirements of Sections 163 (f), 871(h), 881(c) and 4701 of the Code and the Treasury Regulations promulgated thereunder and shall be applied in a manner
consistent therewith.  
 Section 13. MISCELLANEOUS 

13.1 Consents, Amendments and Waivers.  

13.1.1 Amendment. No modification of any Loan Document, including any extension or amendment of a Loan Document or any waiver of a
Default or Event of Default, shall be effective without the prior written agreement of the Required Lenders and each Obligor party to such Loan Document; provided, however, that 

  
 -68- 

 (a) without the prior written consent of Collateral Agent, no modification shall be
effective with respect to any provision in a Loan Document that relates to any rights, duties or discretion of Collateral Agent; 

(b) without the prior written consent of each affected Lender, no modification shall be effective that would (i) increase the amount
set forth on Schedule 1.1 regarding such Lender; or (ii) reduce the amount of, or waive or delay payment of, any principal, interest or fees payable to such Lender; 

(c) without the prior written consent of all Lenders, no modification shall be effective that would (i) extend the Termination Date;
(ii) alter Section 5.4 or 13.1.1; (iii) except as currently contemplated by the Loan Documents (including, without limitation, in connection with a Permitted Asset Disposition or as provided in Section 11.2.1)
release Collateral with a book value greater than $45,000,000 during any calendar year; or (iv) except in connection with a Permitted Asset Disposition, release any Obligor from liability for any Obligations, if such Obligor is Solvent at
the time of the release. 
 (d) With the written acknowledgment (without implying a requirement of consent) of Collateral Agent,
Borrower Representative, and (if applicable) the signature of a Domestic Subsidiary becoming a Borrower, Joinder Agreements may be entered into and Schedules 8.1.4, 8.1.5, 8.1.9, 8.1.12, 8.1.15, 8.1.16, 8.1.17, 8.1.19, 8.1.21 and 8.1.29 may
be modified. 
 13.1.2 Limitations. The agreement of Obligors shall not be necessary to the effectiveness of any modification of a
Loan Document that deals solely with the rights and duties of Lenders and/or Collateral Agent as among themselves. Any waiver or consent granted by Lenders hereunder shall be effective only if in writing, and then only in the specific instance and
for the specific purpose for which it is given. 
 13.1.3 Payment for Consents. No Obligors will, directly or indirectly, pay any
remuneration or other thing of value, whether by way of additional interest, fee or otherwise, to any Lender (in its capacity as a Lender hereunder) as consideration for agreement by such Lender with any modification of any Loan Documents, unless
such remuneration or value is concurrently paid, on the same terms, on a Pro Rata basis to all Lenders providing their consent. 
 13.2
Indemnity. EACH OBLIGOR SHALL INDEMNIFY AND HOLD HARMLESS THE INDEMNITEES AGAINST ANY CLAIMS THAT MAY BE INCURRED BY OR ASSERTED AGAINST ANY INDEMNITEE, INCLUDING CLAIMS ARISING FROM THE NEGLIGENCE OF AN INDEMNITEE. In no event
shall any party to a Loan Document have any obligation thereunder to indemnify or hold harmless an Indemnitee with respect to a Claim that is determined in a final, non-appealable judgment by a court of competent jurisdiction to result from the
gross negligence or willful misconduct of such Indemnitee. 

  
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 13.3 Notices and Communications.  

13.3.1 Notice Address. All notices, requests and other communications by or to a party hereto shall be in writing and shall be given to
any Obligor, at Borrower Representative’s address shown on the signature pages hereof, and to any other Person at its address shown on the signature pages hereof (or, in the case of a Person who becomes a Lender after the Closing Date, at the
address shown on its Assignment and Acceptance), or at such other address as a party may hereafter specify by notice in accordance with this Section 13.3. Each such notice, request or other communication shall be effective only
(a) if given by facsimile transmission, when transmitted to the applicable facsimile number, if confirmation of receipt is received; (b) if given by mail, three Business Days after deposit in the U.S. mail, with first-class postage
pre-paid, addressed to the applicable address; or (c) if given by personal delivery, when duly delivered to the notice address with receipt acknowledged. Notwithstanding the foregoing, no notice to any Lender pursuant to
Section 2.1.4 shall be effective until actually received by the individual to whose attention at Lender such notice is required to be sent. Any written notice, request or other communication that is not sent in conformity with the
foregoing provisions shall nevertheless be effective on the date actually received by the noticed party. Any notice received by the Borrower Representative shall be deemed received by all Obligors. 

13.3.2 Electronic Communications; Voice Mail. Electronic mail and internet websites may be used only for routine communications, such
as financial statements and other information required by Section 9.1.2, administrative matters and distribution of Loan Documents for execution. Collateral Agent and Lenders make no assurances as to the privacy and security of
electronic communications. Electronic and voice mail may not be used as effective notice under the Loan Documents. 
 13.3.3
Non-Conforming Communications. Collateral Agent and Lenders may rely upon any notices purportedly given by or on behalf of any Obligor even if such notices were not made in a manner specified herein, were incomplete or were not confirmed, or
if the terms thereof, as understood by the recipient, varied from a later confirmation. Each Obligor shall indemnify and hold harmless each Indemnitee from any liabilities, losses, costs and expenses arising from any telephonic communication
purportedly given by or on behalf of an Obligor. 
 13.4 Performance of Borrowers’ Obligations. Collateral Agent
or Lenders may, in its/their discretion at any time and from time to time, at Borrowers’ expense, pay any amount or do any act required of a Borrower under any Loan Documents or otherwise lawfully requested by Collateral Agent or any Lender to
(a) enforce any Loan Documents or collect any Obligations; (b) protect, insure, maintain or realize upon any Collateral; or (c) defend or maintain the validity or priority of Collateral Agent’s Liens in any Collateral, including
any payment of a judgment, insurance premium, warehouse charge, finishing or processing charge, or landlord claim, or any discharge of a Lien. All payments, costs and expenses (including Extraordinary Expenses) of Collateral Agent or any Lender
under this Section shall be reimbursed to Collateral Agent and/or such Lender by Borrowers, on demand, with interest from the date incurred to the date of payment thereof at the Default Rate applicable to the Loans. Any payment made or action
taken by Collateral Agent or Lenders under this Section shall be without prejudice to any right to assert an Event of Default or to exercise any other rights or remedies under the Loan Documents. 

  
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 13.5 Credit Inquiries. Each Obligor hereby authorizes Collateral Agent and Lenders
(but they shall have no obligation) to respond to usual and customary credit inquiries from third parties concerning any Obligor or Subsidiary in connection with the establishment of credit lines and/or trade credit or any verification of any
Obligor’s Accounts.  
 13.6 Severability. Wherever possible, each provision of the Loan Documents shall be
interpreted in such manner as to be valid under Applicable Law. If any provision is found to be invalid under Applicable Law, it shall be ineffective only to the extent of such invalidity and the remaining provisions of the Loan Documents shall
remain in full force and effect. 
 13.7 Cumulative Effect; Conflict of Terms. The provisions of the Loan Documents are
cumulative. The parties acknowledge that the Loan Documents may use several different limitations, tests or measurements to regulate the same or similar matters, and they agree that these are cumulative and that each must be performed as provided.
Except as otherwise specifically provided in another Loan Document (by specific reference to the applicable provision of this Agreement), if any provision contained herein is in direct conflict with any provision in another Loan Document, the
provision herein shall govern and control. 
 13.8 Counterparts; Facsimile Signatures. Any Loan Document may be executed in
counterparts, each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement shall become effective when Collateral Agent has received counterparts bearing the signatures of all
parties hereto. Delivery of a signature page of any Loan Document by telecopy or other electronic means shall be effective as delivery of a manually executed counterpart of such agreement.  

13.9 Entire Agreement. Time is of the essence of the Loan Documents. The Loan Documents constitute the entire contract among the
parties relating to the subject matter hereof, and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof.  

13.10 Obligations of Lenders. The obligations of each Lender hereunder are several, and no Lender shall be responsible for the
obligations or Loans of any other Lender. Amounts payable hereunder to each Lender shall be a separate and independent debt. It shall not be necessary for Collateral Agent or any other Lender to be joined as an additional party in any proceeding for
such purposes. Nothing in this Agreement and no action of Collateral Agent or Lenders pursuant to the Loan Documents shall be deemed to constitute Collateral Agent and Lenders to be a partnership, association, joint venture or any other kind of
entity, nor to constitute control of any Borrower. 
 13.11 Confidentiality. During the term of this Agreement and for 12
months thereafter, Lenders agree to take reasonable precautions to maintain the confidentiality of any information that Borrowers deliver to Lenders and identify as confidential at the time of delivery, except that Lenders may disclose such
information (a) to their respective officers, directors, employees, Affiliates and agents, including legal counsel, auditors and other professional advisors; (b) to any party to the Loan Documents from time to time; (c) pursuant to
the order of any court or administrative agency; (d) upon the request of any Governmental Authority exercising regulatory authority over such Lender; (e) which ceases to be confidential, other than by an act or omission

  
 -71- 

 
of any Lender, or which becomes available to any Lender on a nonconfidential basis; (f) to the extent reasonably required in connection with any litigation relating to any Loan Documents or
transactions contemplated thereby, or otherwise as required by Applicable Law; (g) to the extent reasonably required for the exercise of any rights or remedies under the Loan Documents; (h) to any Transferee, as long as such Person agrees
to be bound by the provisions of this Section; (i) to the National Association of Insurance Commissioners or any similar organization, or to any nationally recognized rating agency that requires access to information about a Lender’s
portfolio in connection with ratings issued with respect to such Lender; (j) to any investor or potential investor in an Approved Fund that is a Lender or Transferee, but solely for use by such investor to evaluate an investment in such
Approved Fund, or to any manager, servicer or other Person in connection with its administration of any such Approved Fund; or (k) with the consent of Borrower Representative. Notwithstanding the foregoing, Lenders may issue and disseminate to
the public general information describing this credit facility, including the names and addresses of Borrowers and a general description of Borrowers’ businesses, and may use Borrowers’ names in advertising and other promotional materials.

 13.12 GOVERNING LAW. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS, UNLESS OTHERWISE SPECIFIED, SHALL BE GOVERNED BY THE LAWS
OF THE STATE OF ILLINOIS, WITHOUT GIVING EFFECT TO ANY CONFLICT OF LAW PRINCIPLES (BUT GIVING EFFECT TO FEDERAL LAWS RELATING TO NATIONAL BANKS). 

13.13 Consent to Forum. EACH OBLIGOR HEREBY CONSENTS TO THE NON- EXCLUSIVE JURISDICTION OF ANY COURTS OF THE STATE OF ILLINOIS
OR OF THE UNITED STATES OF AMERICA LOCATED IN COOK COUNTY, ILLINOIS, IN ANY PROCEEDING OR DISPUTE RELATING IN ANY WAY TO ANY LOAN DOCUMENTS, AND AGREES THAT ANY SUCH PROCEEDING SHALL BE BROUGHT BY IT SOLELY IN ANY SUCH COURT. EACH OBLIGOR
IRREVOCABLY WAIVES ALL CLAIMS, OBJECTIONS AND DEFENSES THAT IT MAY HAVE REGARDING SUCH COURT’S PERSONAL OR SUBJECT MATTER JURISDICTION, VENUE OR INCONVENIENT FORUM. Nothing herein shall limit the right of Collateral Agent or any Lender to bring
proceedings against any Obligor in any other court. Nothing in this Agreement shall be deemed to preclude enforcement by Collateral Agent or any Lender of any judgment or order obtained in any forum or jurisdiction. 

13.14 Waivers by Obligors. To the fullest extent permitted by Applicable Law, Obligors waives (a) the right to trial by
jury (which Collateral Agent and each Lender hereby also waives) in any proceeding, claim or counterclaim of any kind relating in any way to any Loan Documents, Obligations or Collateral; (b) presentment, demand, protest, notice of presentment,
default, non-payment, maturity, release, compromise, settlement, extension or renewal of any commercial paper, accounts, contract rights, documents, instruments, chattel paper and guaranties at any time held by Collateral Agent on which Obligors may
in any way be liable, and hereby ratifies anything Collateral Agent may do in this regard; (c) notice prior to taking possession or control of any Collateral; (d) any bond or security that might be required by a court prior to allowing
Collateral Agent to exercise any rights or remedies; (e) the benefit of all valuation, appraisement and exemption laws; (f) any claim against Collateral Agent or any Lender, on any theory of liability, for special, indirect, consequential,
exemplary or punitive 

  
 -72- 

 
damages (as opposed to direct or actual damages) in any way relating to any Enforcement Action, Obligations, Loan Documents or transactions relating thereto; and (g) notice of acceptance
hereof. Each Obligor acknowledges that the foregoing waivers are a material inducement to Collateral Agent and Lenders entering into this Agreement and that Collateral Agent and Lenders are relying upon the foregoing in their dealings with Obligor.
Each Obligor has reviewed the foregoing waivers with its legal counsel and has knowingly and voluntarily waived its jury trial and other rights following consultation with legal counsel. In the event of litigation, this Agreement may be filed as a
written consent to a trial by the court.  
 13.15 Patriot Act Notice. Collateral Agent and Lenders hereby notify
Obligor that pursuant to the requirements of the Patriot Act, Collateral Agent and Lenders are required to obtain, verify and record information that identifies each Obligor, including its legal name, address, tax ID number and other information
that will allow Collateral Agent and Lenders to identify it in accordance with the Patriot Act. Collateral Agent and Lenders will also require information regarding each personal guarantor, if any, and may require information regarding
Obligor’s management and owners, such as legal name, address, social security number and date of birth.  
 13.16
Subordination. Each Obligor covenants and agrees that the payment of all indebtedness, principal, interest (including interest which accrues after the commencement of any case or proceeding in bankruptcy, or for the reorganization of any
Obligor), fees, charges, expenses, reasonable attorneys’ fees and any other sum, obligation or liability owing by any other Obligor to such Obligor, including any intercompany trade payables or royalty or licensing fees (collectively, the
“Intercompany Obligations”), is subordinated, to the extent and in the manner provided in this Section 13.16, to the prior payment in full of all Obligations (herein, the “Senior Obligations”) and that the
subordination is for the benefit of Lenders, and Lenders may enforce such provisions directly (it being understood that nothing in this Section 13.16 shall prohibit any payment on any Intercompany Obligations so long as no Default or
Event of Default has occurred and is continuing). 
 (a) Each Obligor hereby (i) authorizes Lenders to demand specific performance
of the terms of this Section 13.16 whether or not any other Obligor shall have complied with any of the provisions hereof applicable to it, at any time when such Obligor shall have failed to comply with any provisions of this
Section 13.16 which are applicable to it and (ii) irrevocably waives any defense based on the adequacy of a remedy at law, which might be asserted as a bar to such remedy of specific performance. 

(b) Upon any distribution of assets of any Obligor in any dissolution, winding-up, liquidation or reorganization (whether in bankruptcy,
insolvency or receivership proceedings or upon an assignment for the benefit of creditors or otherwise) and subject to the provisions of Section 13.16: 

(i) Lenders shall first be entitled to receive payment in full in cash of the Senior Obligations before any Obligor is entitled to
receive any payment on account of the Intercompany Obligations. 

  
 -73- 

 (ii) Any payment or distribution of assets of any Obligor of any kind or character, whether in
cash, property or securities, to which any other Obligor would be entitled except for the provisions of Section 13.16, shall be paid by the liquidating trustee or agent or other Person making such payment or distribution directly to
Lenders, to the extent necessary to make payment in full of all Senior Obligations remaining unpaid after giving effect to any concurrent payment or distribution or provisions therefor to Lenders. 

(iii) In the event that notwithstanding the foregoing provisions of Section 13.16, any payment or distribution of assets of
any Obligor of any kind or character, whether in cash, property or securities, shall be received by any other Obligor on account of the Intercompany Obligations before all Senior Obligations are paid in full, such payment or distribution shall be
received and held in trust for and shall be paid over to Lenders for application to the payment of the Senior Obligations until all of the Senior Obligations shall have been paid in full, after giving effect to any concurrent payment or distribution
or provision therefor to Lenders. 
 (c) No right of the Lenders or any other present or future holders of any Senior Obligations to
enforce the subordination provisions herein shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of any Obligor or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by
any Obligor with the terms hereof, regardless of any knowledge thereof which any such holder may have or be otherwise charged with. 

13.17 Advertisement. Each Obligor hereby authorizes Lenders to publish the names of Borrowers and the amount of the credit
facility provided hereunder in any “tombstone” or comparable advertisement which Lenders elect to publish. 
 13.18
Intercreditor Agreement. Notwithstanding anything contained herein, this Agreement and the other Loan Documents and the rights, remedies, duties and obligations evidenced hereby and thereby are subject in all respects to the terms and
conditions of the Intercreditor Agreement. Furthermore, without limitation of the sentence above, the rights of the Lenders and the duty and/or obligation of Collateral Agent to take any enforcement action hereunder and/or under or with respect to
any other Loan Documents is subject in all respects to the terms and conditions of the Intercreditor Agreement. In the event there is a conflict between this Agreement and/or any other Loan Documents and the Intercreditor Agreement, the
Intercreditor Agreement shall control and govern. 
 [Remainder of Page Intentionally Left Blank; Signature Page Follows] 

  
 -74- 

 IN WITNESS WHEREOF, this Agreement has been executed and delivered as of the date set forth above. 

  

			
	 BORROWERS:
  

KELLWOOD COMPANY
 KWD HOLDINGS, INC.

KELLWOOD FINANCIAL RESOURCES, INC.
 (formerly known as
Newkell, Inc.)
 PHAT FASHIONS LLC
 PHAT LICENSING
LLC
 MEOW INC.
 BETH’S BOUTIQUE, LLC

ZOBHA, LLC
 AMERICAN RECREATION PRODUCTS, INC.

SIERRA DESIGNS ACQUISITION
 CORPORATION

ROYAL ROBBINS, INC.

		
	By:	 	/s/    Adrian Kowalewski        
	Name:	 	Adrian Kowalewski
	Title:	 	Senior Vice President

  
 [Signature Page to Second
Amended and Restated Term A Loan Agreement] 

 
			
	 LENDERS:
  

SCSF KELLWOOD FINANCE, LLC
  

		
	By:	 	/s/    Maxwell Curtis Lentz        
	Name:	 	Maxwell Curtis Lentz
	Title:	 	Vice President

  

			
	 SUN KELLWOOD FINANCE, LLC

		
	By:	 	/s/    Maxwell Curtis Lentz        
	Name:	 	Maxwell Curtis Lentz
	Title:	 	Vice President

  

			
	 COLLATERAL AGENT:
  

SUN KELLWOOD FINANCE, LLC

		
	By:	 	/s/    Maxwell Curtis Lentz        
	Name:	 	Maxwell Curtis Lentz
	Title:	 	Vice President

  
 [Signature Page to Second
Amended and Restated Term A Loan Agreement) 

 EXHIBIT A 

to 
 Second Amended and Restated
Term Loan Agreement 
 Notwithstanding anything contained herein, this Note and the other Loan Documents and the rights, remedies, duties and obligations
evidenced hereby and thereby are subject in all respects to the terms and conditions of that certain Intercreditor Agreement dated as of October 19, 2011 by and among the Lenders, Borrower Representative, Wells Fargo Bank, National Association,
Cerberus Business Finance, LLC and any other parties thereto, as may be amended from time to time. 
 TERM A NOTE 

 

			
	 [Date]
	  	$                     Illinois

 KELLWOOD COMPANY, a Delaware corporation (“Borrower Representative”), each of the other Borrowers
signatory hereto (collectively with Borrower Representative, the “Borrowers”), for value received, hereby unconditionally promise to pay, on a joint and several basis, to the order of
                                 (“Lender”), the principal sum of
                         DOLLARS ($            ),
together with all accrued and unpaid interest thereon. Terms are used herein as defined in the Second Amended and Restated Term A Loan Agreement dated as of April 20, 2012, among Borrowers, the other Obligors party thereto, Sun Kellwood
Finance, LLC, as collateral agent, each Lender party thereto, as such agreement may be amended, modified, renewed or extended from time to time (“Loan Agreement”). 

Principal of and interest on this Note from time to time outstanding shall be due and payable as provided in the Loan Agreement. This Note is issued
pursuant to and evidences certain Term A Loans under the Loan Agreement, to which reference is made for a statement of the rights and obligations of Lender and the duties and obligations of Borrowers. The Loan Agreement contains provisions for
acceleration of the maturity of this Note upon the happening of certain stated events, and for the borrowing and prepayment of amounts upon specified terms and conditions. 

Time is of the essence of this Note. Each Borrower and all endorsers, sureties and guarantors of this Note hereby severally waive demand, presentment for
payment, protest, notice of protest, notice of intention to accelerate the maturity of this Note, diligence in collecting, the bringing of any suit against any party, and any notice of or defense on account of any extensions, renewals, partial
payments, or changes in any manner of or in this Note or in any of its terms, provisions and covenants, or any releases or substitutions of any security, or any delay, indulgence or other act of any trustee or any holder hereof, whether before or
after maturity. Borrowers jointly and severally agree to pay, and to save the holder of this Note harmless against, any liability for the payment of all costs and expenses (including without limitation reasonable attorneys’ fees) if this Note
is collected by or through an attorney-at-law. 

  
 A-1 

 In no contingency or event whatsoever shall the amount paid or agreed to be paid to the holder of this Note for
the use, forbearance or detention of money advanced hereunder exceed the highest lawful rate permitted under Applicable Law. If any such excess amount is inadvertently paid by Borrowers or inadvertently received by the holder of this Note, such
excess shall be returned to Borrowers or credited as a payment of principal, in accordance with the Loan Agreement. It is the intent hereof that Borrowers not pay or contract to pay, and that holder of this Note not receive or contract to receive,
directly or indirectly in any manner whatsoever, interest in excess of that which may be paid by Borrowers under Applicable Law. 
 This Note shall be
governed by the laws of the State of Illinois, without giving effect to any conflict of law principles (but giving effect to federal laws relating to national banks). 

[Remainder of Page Intentionally Left Blank; Signature Page Follows] 

  
 A-2 

 IN WITNESS WHEREOF, this Note is executed as of the date set forth above. 

 

			
	 BORROWERS:
  

KELLWOOD COMPANY
 KWD HOLDINGS, INC.

KELLWOOD FINANCIAL RESOURCES, INC.
 (formerly known as Newkell,
Inc.)
 PHAT FASHIONS LLC
 PHAT LICENSING LLC

MEOW INC.
 BETH’S BOUTIQUE, LLC

ZOBHA, LLC

		
	By:  	 	 
	Name:
	Title:

 
			
	  
 AMERICAN RECREATION PRODUCTS, INC.

SIERRA DESIGNS ACQUISITION
 CORPORATION
ROYAL ROBBINS, INC.

 
			
		
	By:  	 	 
	Name:
	Title:

  
 A-3 

 EXHIBIT B 

to 
 Second Amended and Restated
Term A Loan Agreement  
 ASSIGNMENT AND ACCEPTANCE 

Reference is made to the Second Amended and Restated Term A Loan Agreement dated as of April 20, 2012, as amended (“Loan Agreement”),
among KELLWOOD COMPANY, a Delaware corporation (“Borrower Representative”), each of the other Borrowers signatory thereto (collectively with Borrower Representative, the “Borrowers”), the other Obligors party
thereto, SUN KELL WOOD FINANCE, LLC, as collateral agent (“Collateral Agent”) for each Lender and such Lenders party thereto. Terms are used herein as defined in the Loan Agreement. 

                          
                                         
         (“Assignor”) and
                                         
   (“Assignee”) agree as follows: 
 1.         Assignor hereby assigns to
Assignee and Assignee hereby purchases and assumes from Assignor the amount of a principal amount of $             of Assignor’s outstanding Term A Loan; (the foregoing items
being, collectively, the “Assigned Interest”), together with an interest in the Loan Documents corresponding to the Assigned Interest. This Agreement shall be effective as of the date (“Effective Date”) indicated in
the corresponding Assignment Notice delivered to Lenders, provided such Assignment Notice is executed by Assignor, Assignee, each Lender and the Borrower Representative, if applicable. From and after the Effective Date, Assignee hereby expressly
assumes, and undertakes to perform, all of Assignor’s obligations in respect of the Assigned Interest, and all principal, interest, fees and other amounts which would otherwise be payable to or for Assignor’s account in respect of the
Assigned Interest shall be payable to or for Assignee’s account, to the extent such amounts accrue on or after the Effective Date. 

2.        Assignor (i) represents that as of the date hereof, prior to giving effect to this assignment, the
outstanding balance of its Term A Loan is $            ; (ii) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or
representations made in or in connection with the Loan Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Agreement or any other instrument or document furnished pursuant thereto, other than
that Assignor is the legal and beneficial owner of the interest being assigned by it hereunder and that such interest is free and clear of any adverse claim; and (iii) makes no representation or warranty and assumes no responsibility with
respect to the financial condition of the Obligors or the performance by Borrowers of their obligations under the Loan Documents. 

3.        Assignee (i) represents and warrants that it is legally authorized to enter into this Assignment and
Acceptance; (ii) confirms that it has received copies of the Loan Agreement and such other Loan Documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Acceptance;
(iii) agrees that it shall, independently and without reliance upon Assignor and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under
the Loan Documents; (iv) confirms that it is an Eligible Assignee; (v) agrees 

  
 B-1 

 
that it will observe and perform all obligations that are required to be performed by it as a “Lender” under the Loan Documents; and (vi) represents and warrants that the
assignment evidenced hereby will not result in a non-exempt “prohibited transaction” under Section 406 of ERISA. 

4.        Assignee acknowledges and agrees that it will not sell or otherwise dispose of the Assigned Interest or any
portion thereof, or grant any participation therein, in a manner which, or take any action in connection therewith which, would violate the terms of any Loan Documents.  

5.        This Agreement and all rights and obligations shall be interpreted in accordance with and governed by the
laws of the State of Illinois. If any provision hereof would be invalid under Applicable Law, then such provision shall be deemed to be modified to the extent necessary to render it valid while most nearly preserving its original intent; no
provision hereof shall be affected by another provision’s being held invalid. 
 6.        Each notice or other
communication hereunder shall be in writing, shall be sent by messenger, by telecopy or facsimile transmission or by first-class mail, shall be deemed given when sent and shall be sent as follows: 

(a)        If to Assignee, to the following address (or to such other address as Assignee may designate from time to
time): 
  
  

 
  

 
  

(b)        If to Assignor, to the following address (or to such other address as Assignor may designate from time to
time): 
  
  

 
  

 
  

 
  

Payments hereunder shall be made by wire transfer of immediately available Dollars as follows: 

If to Assignee, to the following account (or to such other account as Assignee may designate from time to time): 

 
  

 
  

ABA
No.                                        
 
  
  

  
 B-2 

 Account
No.                                   

Reference:
                                     

If to Assignor, to the following account (or to such other account as Assignor may designate from time to time): 

 
  

 
  

ABA
No.                                        
 
  
  

Account
No.                                     

Reference:
                                        

  
 B-3 

 IN WITNESS WHEREOF, this Assignment and Acceptance is executed as of
                 , 20    . 

			
	 	 	 
	
	(“Assignee”)
		
	By	 	 
		
		 	Title:
		
	 	 	 
	
	(“Assignor”)
		
	By	 	 
		
		 	Title:

  
 B-4 

 EXHIBIT C 

to 
 Second Amended and Restated
Term A Loan Agreement  
 ASSIGNMENT NOTICE 

Reference is made to (i) the Second Amended and Restated Term A Loan Agreement dated as of April 20, 2012, as amended
(“Loan Agreement”), among KELLWOOD COMPANY, a Delaware corporation (“Borrower Representative”), each of the other Borrowers signatory thereto (collectively with Borrower Representative, the
“Borrowers”), the other Obligors party thereto, SUN KELLWOOD FINANCE, LLC, as collateral agent (“Collateral Agent”) for each Lender and such Lenders party thereto; and (ii) the Assignment and Acceptance
dated as of                         , 20         (“Assignment
Agreement”) between                              (“Assignor”) and
                         (“Assignee”). Terms are used herein as defined in the Loan Agreement. 

Assignor hereby notifies Borrowers and Lenders of Assignor’s intent to assign to Assignee pursuant to the Assignment Agreement a principal amount of
$                 of Assignor’s outstanding Term A Loan; (the foregoing items being, collectively, the “Assigned Interest”), together with
an interest in the Loan Documents corresponding to the Assigned Interest. This Agreement shall be effective as of the date (“Effective Date”) indicated below, provided this Assignment Notice is executed by Assignor, Assignee,
Lenders and the Borrower Representative, if applicable. Pursuant to the Assignment Agreement, Assignee has expressly assumed all of Assignor’s obligations under the Loan Agreement to the extent of the Assigned Interest, as of the Effective
Date. 
 For purposes of the Loan Agreement, Lenders shall deem Assignor’s Term A Loan to be reduced by
$            , and Assignee’s Term A Loan to be increased by $            . 

The address of Assignee to which notices and information are to be sent under the terms of the Loan Agreement is: 

 
  

 
  

 
  

 
  

The address of Assignee to which payments are to be sent under the terms of the Loan Agreement is shown in the Assignment and Acceptance. 

This Notice is being delivered to Borrowers and Lenders pursuant to Section 12.3 of the Loan Agreement. Please acknowledge your acceptance of this
Notice by executing and returning to Assignee and Assignor a copy of this Notice. 

  
 C-1 

 IN WITNESS WHEREOF, this Assignment Notice is executed as of
                    . 

			
	 	 	 
	
	(“Assignee”)
		
	By	 	 
		
		 	Title:
		
	 	 	 
	
	(“Assignor”)
		
	By	 	 
		
		 	Title:

 ACKNOWLEDGED AND AGREED, 
 AS OF
THE DATE SET FORTH ABOVE:  
 BORROWER:* 

			
	
	 
		
	By	 	 
		
		 	Title:

  

	*	No signature required if Assignee is a Lender, U.S.-based Affiliate of a Lender or Approved Fund, or if an Event of Default exists. 

LENDERS: 
  

			
		
	By	 	 
		
		 	Title:

  
 C-2 

 SCHEDULE 1.1 

to 
 Second Amended and
Restated Term A Loan Agreement 
 LENDER TERM A LOAN AMOUNTS 

 

			
	 Lender
	  	 Term Loan

	 SCSF Kellwood Finance, LLC
	  	$3,988,650.31
	 Sun Kellwood Finance, LLC
	  	$11,965,950.93EX-10.29

 Exhibit 10.29 

CONSENT AND AMENDMENT NO. 2 TO SECOND AMENDED AND RESTATED TERM A LOAN AGREEMENT 

THIS CONSENT AND AMENDMENT NO. 2 TO SECOND AMENDED AND RESTATED TERM A LOAN AGREEMENT (this “Amendment”) is entered into as
of December 31, 2012, by and among the Lenders identified on the signature pages hereof (such Lenders, together with their respective successors and permitted assigns, are referred to hereinafter each individually as a “Lender”
and collectively as the “Lenders”), SUN KELLWOOD FINANCE, LLC, as agent for the Lenders (in such capacity, “Agent”), KELLWOOD COMPANY, a Delaware corporation (“Parent”), the Domestic Subsidiaries of
Parent party hereto as Borrowers (together with Parent, the “Borrowers”) and the other Obligors party hereto (together with the Borrowers, the “Loan Parties”). 

WHEREAS, the Loan Parties, Agent, and Lenders are parties to that certain Second Amended and Restated Term A Loan Agreement dated as of
April 20, 2012 (as amended, modified or supplemented from time to time, the “Credit Agreement”); 
 WHEREAS, the Loan
Parties have notified Agent and the Lenders that Parent and Canadian Recreation Products Inc. (“Canadian RR Sub”) desire to enter into a Purchase Agreement in the form of Exhibit A hereto (the “Royal Robbins Purchase
Agreement”) pursuant to which Parent will sell all of the issued and outstanding equity interests of Royal Robbins, LLC (“Royal Robbins” and all such issued and outstanding equity interests of Royal Robbins the
“Royal Robbins Transferred Equity Interests”) to RR Acquisition Corporation (“US RR Purchaser”) and Canadian RR Sub will sell the assets described on Exhibit B hereto (the “RR Transferred
Assets”) to RR Canada, Inc. (“Canadian RR Purchaser”); 
 WHEREAS, the Loan Parties have also notified Agent and
the Lenders that Phat Fashions LLC (“Phat Fashions”) has entered into a Purchase Agreement in the form of Exhibit C hereto (the “Phat Fashions Purchase Agreement”) pursuant to which Phat Fashions will sell
the assets described on Exhibit D hereto (the “PF Transferred Assets”) to Baby Phat Holding Company, LLC (“PF Purchaser”); 

WHEREAS, the Loan Parties have requested that Agent and the Lenders consent to (i) the sale by Parent of all of the Royal Robbins
Transferred Equity Interests to US RR Purchaser pursuant to the Royal Robbins Purchase Agreement, (ii) the sale by Phat Fashions of the PF Transferred Assets to PF Purchaser pursuant to the Phat Fashions Purchase Agreement, (iii) the
release of Royal Robbins as a Borrower and/or Obligor under the Credit Agreement and the other Loan Documents and the release of Agent’s Lien on the assets of Royal Robbins, in each case upon receipt of the Initial RR Consideration (as defined
below), (iv) the release of Agent’s Lien on the PF Transferred Assets upon receipt of the Initial PF Consideration (as defined below), and (v) the prepayment of the Second Lien Debt in an aggregate amount not less than $10,000,000,
with a portion of the Net Cash Proceeds arising from the sale of the Royal Robbins Transferred Equity Interests pursuant to the Royal Robbins Purchase Agreement; 

WHEREAS, the Agent and Lenders are willing to provide such consent on the terms provided herein; 

 WHEREAS, the Loan Parties, Agent and Lenders have also agreed to amend the Credit Agreement in
certain respects on the terms provided herein; 
 NOW THEREFORE, in consideration of the premises and mutual agreements herein contained,
the parties hereto agree as follows: 
 1. Defined Terms. Unless otherwise defined herein, capitalized terms used herein shall have
the meanings ascribed to such terms in the Credit Agreement. 
 2. Consent and Release. In reliance on the representations and
warranties of the Loan Parties set forth in Section 7 below and subject to the conditions to effectiveness set forth in Section 6 below, (a) Agent and the Lenders consent to (i) the sale by Parent of the Royal
Robbins Transferred Equity Interests to US RR Purchaser pursuant to the Royal Robbins Purchase Agreement, the release of Royal Robbins as a Borrower and/or Obligor under the Credit Agreement and the other Loan Documents and the release of
Agent’s Lien on the assets of Royal Robbins, in each case so long as (A) such sale is consummated on or before January 31, 2013 (B) the amount of Net Cash Proceeds arising from the cash purchase price (excluding any escrow
amount) paid on the Closing (as defined in the Royal Robbins Purchase Agreement) for the Royal Robbins Transferred Equity Interests (such amount, the “Initial RR Consideration”) is at least $17,500,000 and (C) $10,000,000 of
Initial RR Consideration is remitted directly to the Second Lien Agent and the remaining portion of the Initial RR Consideration is remitted directly to the Revolver Agent for application to the outstanding Revolver Debt, (ii) the sale by Phat
Fashions of the PF Transferred Assets to PF Purchaser pursuant to the Phat Fashions Purchase Agreement and the release of Agent’s Lien on the PF Transferred Assets, in each case, so long as (A) such sale is consummated on or before
January 31, 2013 (B) the amount of the Net Cash Proceeds arising from the cash purchase price (excluding any escrow amount) paid on the Closing (as defined in the Phat Fashions Purchase Agreement) for the PF Transferred Assets (such
amount, the “Initial PF Consideration”) is at least $5,000,000 and (C) the Initial PF Consideration is remitted directly to Revolver Agent for application to the outstanding Revolver Debt, and (iii) the prepayment of the
Second Lien Debt in an aggregate amount not less than $10,000,000 with a portion of the Net Cash Proceeds arising from the sale of the Royal Robbins Transferred Equity Interests pursuant to the Royal Robbins Purchase Agreement and (b) the Agent
hereby acknowledges, confirms and agrees that (i) Royal Robbins is released from all obligations under the Credit Agreement, Security Agreement and each other Loan Document and (ii) all liens, encumbrances or security interests of Agent
covering the assets of Royal Robbins are released. The foregoing consent shall not be deemed to be a consent to any other deviation from the express terms of the Credit Agreement and the Loan Documents. 

3. Amendments to Credit Agreement. In reliance upon the representations and warranties of the Borrower set forth in
Section 7 below and subject to the conditions to effectiveness set forth in Section 6 below, the Credit Agreement is hereby amended as follows: 

(a) Section 1.1 of the Credit Agreement is hereby amended to add the following definitions in appropriate alphabetical order, as follows:

 Initial RR Consideration – as defined in the Second Amendment. 

  
 -2- 

 Initial PF Consideration – as defined in the Second Amendment. 

PF Transferred Assets – as defined in the Second Amendment. 

Phat Fashions Purchase Agreement – as defined in the Second Amendment. 

Royal Robbins Investment – collectively, the “Seller Notes” (as defined in the Royal Robbins Purchase
Agreement) and the “Earnout Cash” (as defined in the Royal Robbins Purchase Agreement). 
 Royal Robbins
Purchase Agreement – as defined in the Second Amendment. 
 Royal Robbins Transferred Equity Interests –
as defined in the Second Amendment. 
 Second Amendment – that certain Consent and Amendment No. 2 to Second
Amended and Restated Term A Loan Agreement dated as of December     , 2012 among Agent, Lenders and Loan Parties. 
 (b)
The definition of “Consolidated EBITDA” in Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety as follows: 

“Consolidated EBITDA - for any period, for Parent and its Subsidiaries on a consolidated basis and without
duplication, an amount equal to the sum (provided, that any gains referred to in clauses (e) or (m) below shall be deducted from such sum) of (without duplication) (a) Consolidated Net Income, (b) Consolidated Net Interest
Expense deducted in determining such Consolidated Net Income, (c) the amount of taxes, based on or measured by income, used or included in determining such Consolidated Net Income, (d) the amount of depreciation and amortization expense
deducted in determining such Consolidated Net Income, (e) to the extent added or deducted in the calculation of Consolidated Net Income, all gains or losses in connection with restructuring the Calvin Klein license owned by Parent and its
Subsidiaries in an aggregate amount not to exceed $3,000,000 in the aggregate for all periods, (f) to the extent deducted in the calculation of Consolidated Net Income, all costs in connection with the closure of certain business segments
(including certain retail stores) relating to the Borrowers’ Koret and Sag Harbor names (including, but not limited to, severance, lease buy-outs, termination costs and losses on inventory), as well as other severance costs, contract
termination costs, and costs associated with the shutdown of Borrowers’ Trenton, Tennessee distribution facility, in an aggregate amount not to exceed $1,500,000 during the term of this Agreement; provided, that the aggregate amount
added back under this clause (f) for the Fiscal Year ending January 28, 2012 shall not exceed $1,000,000, (g) to the extent deducted in the calculation of Consolidated Net Income, any costs and expenses relating to environmental
claims in respect of Borrowers’ New Haven property in an amount not to exceed $2,000,000 in the aggregate for all periods, (h) nonrecurring 

  
 -3- 

 
restructuring charges incurred during Fiscal Years 2012 and 2013, in an aggregate amount for both years not to exceed $1,750,000, to the extent not already covered by any of the clauses
(a)-(g) above, (i) losses or expenses reflected in Consolidated Net Income as a result of (A) amounts paid to Sponsor in respect of management fees to the extent (1) permitted under Section 9.2.17 (but not to exceed
$3,000,000 in any Fiscal Year) and (2) not included in Consolidated EBITDA for a prior period as accrued but unpaid management fees and expenses pursuant to clause (C) below, (B) amounts paid to Sponsor in respect of expense
reimbursements to the extent permitted under Section 9.2.17, and (C) accrued but unpaid management fees and expenses payable to Sponsor permitted under Section 9.2.17, (j) costs and expenses incurred in connection with Permitted
Acquisitions, (k) all gains or losses resulting from any adjustments of future purchase price or earnout obligations recorded on the balance sheet (to the extent required by GAAP) in connection with the Rebecca Taylor and Zobha acquisitions or
any Permitted Acquisition, in an amount not to exceed $1,000,000 in the aggregate during the term of this Agreement, (l) severance expense incurred outside of a GAAP designated restructuring event not to exceed $25,000 in Fiscal Year 2012,
(m) to the extent deducted in the calculation of Consolidated Net Income, expense associated with maintaining the stock option program not to exceed $100,000 during any trailing twelve month period, (n) payment associated with the
escheatment audit not to exceed $2,100,000 in aggregate, (o) to the extent deducted in the calculation of Consolidated Net Income, fixed asset write-offs and termination costs in connection with the closure of certain business segments
(including certain retail stores) relating to the Borrowers’ BLK DNM and Lamb and Flag names, in an aggregate amount not to exceed $5,000,000 during the term of this Agreement, (p) to the extent deducted in the calculation of Consolidated
Net Income, all non-cash costs associated with inventory write-downs in connection with the closure of certain business segments (including certain retail stores) relating to the Borrowers’ BLK DNM and Lamb and Flag names, in an aggregate
amount not to exceed $3,300,000 during the term of this Agreement, and (q) the aggregate amount of all audit, tax, consulting and legal costs and expenses paid by the Loan Parties during such period associated with Project Victory, plus
retention payments during such period for Rea Laccone and Christopher LaPolice less estimated pro forma costs for replacement executives for Rea Laccone and Christopher LaPolice during such period. For each period of 12 consecutive Fiscal Months
ending next following the date of any Acquisition (whether consummated before or after the Closing Date), Consolidated EBITDA shall include the results of operations of the Person or assets so acquired on a historical pro forma basis, and which
amounts may include such adjustments as are permitted under Regulation S-X of the Securities and Exchange Commission and reasonably satisfactory to Agent.” 

(c) The definition of “Permitted Investment” in Section 1.1 of the Credit Agreement is hereby amended to replace the reference
to “(i)” with a reference to “(j)”. 

  
 -4- 

 (d) The definition of “Restricted Investment” in Section 1.1 of the Credit
Agreement is hereby amended to (i) replace the “and” after the clause (h) with “,”, (ii) reletter clause “(i)” as “(j)”, and (iii) add the following clause (i): 

“(i) the Royal Robbins Investment, and”. 

4. Continuing Effect. Except as expressly set forth in Section 2 or 3 of this Amendment, nothing in this Amendment
shall constitute a modification or alteration of the terms, conditions or covenants of the Credit Agreement or any other Loan Document, or a waiver of any other terms or provisions thereof, and the Credit Agreement and the other Loan Documents shall
remain unchanged and shall continue in full force and effect, in each case as amended hereby. 
 5. Reaffirmation and Confirmation;
Covenant. 
 (a) Each Loan Party hereby ratifies, affirms, acknowledges and agrees that the Credit Agreement and the other Loan Documents
represent the valid, enforceable (except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally) and collectible obligations of such Loan Party, and further
acknowledges that there are no existing claims, defenses, personal or otherwise, or rights of setoff whatsoever with respect to the Credit Agreement or any other Loan Document. Each Loan Party hereby agrees that this Amendment in no way acts as a
release or relinquishment of the Liens and rights securing payments of the Obligations. The Liens and rights securing payment of the Obligations are hereby ratified and confirmed by each Loan Party in all respects. 

6. Conditions to Effectiveness. This Amendment shall become effective upon the satisfaction of each of the following conditions
precedent, each in form and substance acceptable to Agent: 
 (a) Agent shall have received a fully executed copy of this Amendment; 

(b) Agent shall have received a fully executed copy of an amendment to the Revolver Loan Documents, consenting to the dispositions
contemplated by the Royal Robbins Purchase Agreement and the Phat Fashions Purchase Agreement; 
 (c) Agent shall have received a fully
executed copy of an amendment to the Second Lien Debt Documents, consenting to the dispositions contemplated by the Royal Robbins Purchase Agreement and the Phat Fashions Purchase Agreement; and 

(d) No Default or Event of Default shall have occurred and be continuing on the date hereof or as of the date of the effectiveness of this
Amendment. 
 7. Representations and Warranties. In order to induce Agent and Lenders to enter into this Amendment, each Loan Party
hereby represents and warrants to Agent and Lenders that, after giving effect to this Amendment: 
 (a) All representations and warranties
contained in the Credit Agreement and the other Loan Documents are true and correct in all material respects on and as of the date of 

  
 -5- 

 
this Amendment, in each case as if then made, other than representations and warranties that expressly relate solely to an earlier date (in which case such representations and warranties were
true and correct in all material respects on and as of such earlier date); 
 (b) No Default or Event of Default has occurred and is
continuing; 
 (c) This Amendment and the Credit Agreement, as modified hereby, constitute legal, valid and binding obligations of each Loan
Party and are enforceable against each Loan Party in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally; and 

(d) The transactions contemplated by the Royal Robbins Purchase Agreement and the Phat Fashions Purchase Agreement and the application of the
Net Cash Proceeds from such transactions as described herein are in compliance with the 2009 Indenture. Parent has received an opinion as to fairness to Parent of the transactions contemplated by the Royal Robbins Purchase Agreement from a financial
point of view issued by an accounting, appraisal or investment banking firm of material standing. 
 8. Miscellaneous. 

(a) Expenses. The Loan Parties jointly and severally agree to pay on demand all expenses of Agent (including, without limitation, the
fees and expenses of outside counsel for Agent) in connection with the preparation, negotiation, execution, delivery and administration of this Amendment and all other instruments or documents provided for herein or delivered or to be delivered
hereunder or in connection herewith, all in accordance with Section 3.4 of the Credit Agreement. All obligations provided herein shall survive any termination of this Amendment and the Credit Agreement as modified hereby. 

(b) Governing Law. This Amendment shall be a contract made under and governed by the internal laws of the State of Illinois. 

(c) Counterparts. This Amendment may be executed in any number of counterparts, and by the parties hereto on the same or separate
counterparts, and each such counterpart, when executed and delivered, shall be deemed to be an original, but all such counterparts shall together constitute but one and the same Amendment. Delivery of an executed counterpart of this Amendment by
facsimile or electronic mail shall be equally effective as delivery of an original executed counterpart of this Amendment. 
 9. Other
Agreements. 
 (a) Effective simultaneously with receipt of the Initial RR Consideration pursuant to Section 2 hereof, (i) the
release in the form of Exhibit E hereto shall be automatically effective, (ii) Agent authorizes the filing of a UCC termination statement with respect to the UCC financing statement listed on Exhibit F hereto, and (iii) Agent
agrees to take such further actions as may be reasonably requested by Borrowers to evidence the termination of the Liens of Agent in the assets of Royal Robbins and the release of Royal Robbins as a Borrower. 

  
 -6- 

 (b) Effective simultaneously with receipt of the Initial PF Consideration pursuant to
Section 2 hereof, (i) Agent authorizes the filing of the partial release in the form of Exhibit G hereto and the filing of the UCC financing statement listed on Exhibit H hereto and (ii) Agent agrees to take such further
actions as may be reasonably requested by Obligors to evidence the termination of the Liens of Agent in the PF Transferred Assets. 
 10.
Release. 
 (a) In consideration of the agreements of Agent and Lenders contained herein and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, each Loan Party, on behalf of itself and its successors, assigns, and other legal representatives, hereby absolutely, unconditionally and irrevocably releases, remises and
forever discharges Agent and Lenders, and their successors and assigns, and their present and former shareholders, affiliates, subsidiaries, divisions, predecessors, directors, officers, attorneys, employees, agents and other representatives (Agent,
each Lender and all such other Persons being hereinafter referred to collectively as the “Releasees” and individually as a “Releasee”), of and from all demands, actions, causes of action, suits, controversies,
damages and any and all other claims, counterclaims, defenses, rights of set-off, demands and liabilities whatsoever (individually, a “Claim” and collectively, “Claims”) of every name and nature, known or unknown,
suspected or unsuspected, both at law and in equity, which any Loan Party or any of their respective successors, assigns, or other legal representatives may now or hereafter own, hold, have or claim to have against the Releasees or any of them for,
upon, or by reason of any circumstance, action, cause or thing whatsoever in relation to, or in any way in connection with any of the Credit Agreement, or any of the other Loan Documents or transactions thereunder or related thereto which arises at
any time on or prior to the day and date of this Amendment. 
 (b) Each Loan Party understands, acknowledges and agrees that the release set
forth above may be pleaded as a full and complete defense and may be used as a basis for an injunction against any action, suit or other proceeding which may be instituted, prosecuted or attempted in breach of the provisions of such release. 

(c) Each Loan Party agrees that no fact, event, circumstance, evidence or transaction which could now be asserted or which may hereafter be
discovered shall affect in any manner the final, absolute and unconditional nature of the release set forth above. 
 [signature pages
follow] 

  
 -7- 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
respective officers thereunto duly authorized and delivered as of the date first above written. 
  

			
	BORROWERS:
	
	KELLWOOD COMPANY
	KELLWOOD FINANCIAL RESOURCES, INC.
	(formerly known as Newkell, Inc.)
	KWD HOLDINGS, INC.
	PHAT FASHIONS LLC
	PHAT LICENSING LLC
	ZOBHA, LLC
	MEOW INC.
	BETH’S BOUTIQUE, LLC
	AMERICAN RECREATION PRODUCTS, LLC
	SIERRA DESIGNS ACQUISITION COMPANY, LLC
	ROYAL ROBBINS, LLC
	VINCE, LLC
		
	By:	 	 /s/ Keith A. Grypp

	Name:	 	Keith A. Grypp
	Title:	 	Senior Vice President

 
			
	AGENT:
	
	 SUN KELLWOOD FINANCE, LLC,

as Agent

		
	By:	 	 /s/ Michael J. McConvery

	Name:	 	Michael J. McConvery
	Title:	 	Vice President
	
	LENDERS:
	
	SUN KELLWOOD FINANCE, LLC
		
	By:	 	 /s/ Michael J. McConvery

	Name:	 	Michael J. McConvery
	Title:	 	Vice President
	
	SCSF KELLWOOD FINANCE, LLC
		
	By:	 	 /s/ Michael J. McConvery

	Name:	 	Michael J. McConvery
	Title:	 	Vice President

 EXHIBIT A 

ROYAL ROBBINS PURCHASE AGREEMENT 

See attached. 

 EXECUTION COPY 

CONFIDENTIAL 
  

 
  

PURCHASE AGREEMENT 
 DATED AS OF
DECEMBER 31, 2012 
 BY AND AMONG 

KELLWOOD COMPANY, 
 CANADIAN
RECREATION PRODUCTS INC., 
 RR CANADA, INC. 

AND 
 RR ACQUISITION CORPORATION

  
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I Transactions; Closing
	  	 	2	  
	 1.1
	 	Purchase Price	  	 	2	  
	 1.2
	 	Purchase, Sale and Assumption	  	 	4	  
	 1.3
	 	The Closing	  	 	4	  
	 1.4
	 	Earnout	  	 	5	  
		
	 ARTICLE II Closing Conditions
	  	 	7	  
	 2.1
	 	Conditions to the Purchasers’ Obligations	  	 	7	  
	 2.2
	 	Conditions to the Sellers’ Obligations	  	 	8	  
		
	 ARTICLE III Representations and Warranties of the Sellers
	  	 	8	  
	 3.1
	 	 Organization; Power; Authority; Good Standing
	  	 	8	  
	 3.2
	 	 Capitalization
	  	 	9	  
	 3.3
	 	 Subsidiaries
	  	 	9	  
	 3.4
	 	 Indebtedness
	  	 	9	  
	 3.5
	 	 Authorization; Execution & Enforceability; No Breach
	  	 	9	  
	 3.6
	 	 Financial Statements; Books and Records
	  	 	10	  
	 3.7
	 	 Absence of Undisclosed Liabilities
	  	 	11	  
	 3.8
	 	 Accounts Receivable; Unbilled Revenue
	  	 	11	  
	 3.9
	 	 Inventory
	  	 	11	  
	 3.10
	 	 Absence of Certain Developments
	  	 	12	  
	 3.11
	 	 Assets
	  	 	13	  
	 3.12
	 	 Tax Matters
	  	 	14	  
	 3.13
	 	 Contracts and Commitments
	  	 	16	  
	 3.14
	 	 Intellectual Property Rights
	  	 	18	  
	 3.15
	 	 Litigation
	  	 	20	  
	 3.16
	 	 Brokerage
	  	 	20	  
	 3.17
	 	 Insurance
	  	 	20	  
	 3.18
	 	 Labor Matters
	  	 	20	  
	 3.19
	 	 Employee Benefit Plans
	  	 	21	  
	 3.20
	 	 Compliance with Laws; Permits
	  	 	23	  
	 3.21
	 	 Environmental and Safety Matters
	  	 	24	  
	 3.22
	 	 Affiliate Transactions
	  	 	25	  
	 3.23
	 	 Customer; Suppliers
	  	 	25	  
	 3.24
	 	 Real Property
	  	 	26	  
	 3.25
	 	 Product Warranty
	  	 	27	  
	 3.26
	 	 Compliance with Customs and International Trade Laws
	  	 	27	  
		
	 ARTICLE IV Representations and Warranties of the Purchasers
	  	 	28	  
	 4.1
	 	Organization, Power and Authority	  	 	28	  
	 4.2
	 	Authorization; Execution & Enforceability; No Breach	  	 	28	  
	 4.3
	 	Brokerage	  	 	29	  
	 4.4
	 	Investment Representation	  	 	29	  
	 4.5
	 	Solvency	  	 	29	  

  
 - i - 

							
	 ARTICLE V Post-Closing Covenants
	  	 	30	  
	 5.1
	  	 General
	  	 	30	  
	 5.2
	  	 Confidentiality
	  	 	31	  
	 5.3
	  	 Non-Solicitation
	  	 	31	  
	 5.4
	  	 Public Announcements
	  	 	32	  
	 5.5
	  	 Names
	  	 	32	  
	 5.6
	  	 Tax Returns
	  	 	33	  
	 5.7
	  	 Purchase Price Allocation
	  	 	33	  
	 5.8
	  	 Insurance Policies
	  	 	33	  
	 5.9
	  	 Financial Statements
	  	 	34	  
	 5.10
	  	 Employee Benefits
	  	 	34	  
		
	 ARTICLE VI Definitions
	  	 	37	  
		
	 ARTICLE VII General Provisions
	  	 	47	  
	 7.1
	  	 Non-Survival of Representations and Warranties
	  	 	47	  
	 7.2
	  	 Waiver
	  	 	47	  
	 7.3
	  	 Fees and Expenses
	  	 	47	  
	 7.4
	  	 Remedies
	  	 	48	  
	 7.5
	  	 Consent to Amendments; Waivers
	  	 	48	  
	 7.6
	  	 Successors and Assigns
	  	 	48	  
	 7.7
	  	 Severability
	  	 	49	  
	 7.8
	  	 Counterparts; Facsimile Signatures
	  	 	49	  
	 7.9
	  	 Descriptive Headings; Interpretation
	  	 	49	  
	 7.10
	  	 Entire Agreement
	  	 	49	  
	 7.11
	  	 No Third-Party Beneficiaries
	  	 	50	  
	 7.12
	  	 Schedules and Exhibits
	  	 	50	  
	 7.13
	  	 Governing Law
	  	 	50	  
	 7.14
	  	 Notices
	  	 	50	  
	 7.15
	  	 Waiver of Jury Trial
	  	 	51	  
	 7.16
	  	 No Strict Construction
	  	 	52	  
	 7.17
	  	 Jurisdiction
	  	 	52	  
	 7.18
	  	 Independence of Agreements, Covenants, Representations and Warranties
	  	 	52	  
	 7.19
	  	 Acknowledgement by the Purchasers
	  	 	52	  

  
 - ii - 

 EXHIBITS AND SCHEDULES 

 

					
	Exhibit A	  	–	  	Transferred Assets
	Exhibit B	  	–	  	Estimated Purchase Price
	Exhibit C	  	–	  	Example Statement of Net Working Capital
	Exhibit D	  	–	  	Pro Forma Adjusted EBITDA
	Exhibit E	  	–	  	Form of Seller Note
	Exhibit F	  	–	  	Form of Subordination and Intercreditor Agreement
			
	Schedule 1.4(a)	  	–	  	Form of EBITDA Statement
	Schedule 2.1(d)	  	–	  	Termination of Affiliate Transactions
	Schedule 3.1(a)	  	–	  	Organization; Power; Authority; Good Standing
	Schedule 3.1(b)	  	–	  	Organization; Power; Authority; Good Standing
	Schedule 3.2	  	–	  	Capitalization
	Schedule 3.4	  	–	  	Indebtedness
	Schedule 3.5(c)	  	–	  	Authorization; Execution & Enforceability; No Breach
	Schedule 3.6	  	–	  	Financial Statements; Books and Records
	Schedule 3.7	  	–	  	Absence of Undisclosed Liabilities
	Schedule 3.9	  	–	  	Inventory
	Schedule 3.10	  	–	  	Absence of Certain Developments
	Schedule 3.11(a)	  	–	  	Assets
	Schedule 3.11(b)	  	–	  	Certain Assets and Services
	Schedule 3.12	  	–	  	Tax Matters
	Schedule 3.13(a)	  	–	  	Contracts and Commitments
	Schedule 3.13(b)	  	–	  	Certain Material Contracts
	Schedule 3.14(a)	  	–	  	Intellectual Property Rights
	Schedule 3.14(c)	  	–	  	Intellectual Property Claims
	Schedule 3.14(d)	  	–	  	Intellectual Property
	Schedule 3.15	  	–	  	Litigation
	Schedule 3.17	  	–	  	Insurance
	Schedule 3.18	  	–	  	Labor Matters
	Schedule 3.19(a)	  	–	  	Employee Benefit Plans
	Schedule 3.20	  	–	  	Compliance with Laws; Permits
	Schedule 3.21	  	–	  	Environmental and Safety Matters
	Schedule 3.22	  	–	  	Affiliate Transactions
	Schedule 3.23(a)	  	–	  	Material Customers
	Schedule 3.23(b)	  	–	  	Material Suppliers
	Schedule 3.24(b)	  	–	  	Real Property
	Schedule 3.24(c)	  	–	  	Real Property
	Schedule 3.25	  	–	  	Product Warranty
	Schedule 4.2(c)	  	–	  	No Breach
	Schedule 5.1(d)	  	–	  	Domain Names
	Schedule 5.7	  	–	  	Asset Allocation Schedule

  
 - iii - 

 PURCHASE AGREEMENT 

THIS PURCHASE AGREEMENT (this “Agreement”), dated as of December 31, 2012, is made by and among Kellwood Company, a
Delaware corporation (“US Seller”), Canadian Recreation Products Inc., a corporation organized under the Laws of Quebec (“Canada Seller”, and collectively with US Seller, the “Sellers”, and each,
individually, a “Seller”), RR Canada, Inc., a corporation organized under the Laws of Quebec (“Canada Purchaser”), and RR Acquisition Corporation, a Delaware corporation (“US Purchaser”, and
collectively with Canada Purchaser, the “Purchasers”, and each, individually, a “Purchaser”). The Sellers and the Purchasers are sometimes individually referred to in this Agreement as a “Party”,
and collectively, as the “Parties”. Certain capitalized terms used herein have the meanings ascribed to such terms in Article VI. 

WHEREAS, US Seller owns all of the issued and outstanding equity interests (the “Units”) of Royal Robbins, LLC, a Delaware
limited liability company (the “Company”) immediately prior to the Closing; 
 WHEREAS, Canada Seller owns certain assets
listed on Exhibit A (the “Transferred Assets”) immediately prior to the Closing; 
 WHEREAS, subject to the terms
and conditions set forth herein, (a) US Purchaser desires to acquire all of the Units from US Seller, and US Seller desires to sell all of the Units to US Purchaser, and (b) Canada Purchaser desires to acquire all of the Transferred Assets
from Canada Seller, and Canada Seller desires to sell all of the Transferred Assets to Canada Purchaser; 
 WHEREAS, concurrently with the
execution of this Agreement, the Company, US Seller and certain of its Affiliates have entered into a Transition Services Agreement with respect to certain services to be provided by US Seller and certain of its Affiliates to the Company following
the Closing (the “Transition Services Agreement”); and 
 WHEREAS, concurrently with the execution of this Agreement, and
as a condition and inducement to the Purchasers’ willingness to enter into this Agreement, Sun Capital Advisors, Inc., (“Sun”) has entered into a letter agreement with respect to certain confidentiality and non-solicitation
obligations with respect to itself and certain of its Affiliates (the “Side Letter”). 

 NOW, THEREFORE, in consideration of the mutual covenants, agreements and understandings herein
contained, the receipt and sufficiency of which is hereby acknowledged, the Parties hereby agree as follows: 
 ARTICLE I 

Transactions; Closing 
 1.1
Purchase Price. 
 (a) Estimated Purchase Price. The Sellers have prepared and delivered a good faith estimate of the Purchase
Price (such calculation of the Purchase Price, the “Estimated Purchase Price”) consistent with applicable definitions related thereto based upon (i) the Enterprise Value and (ii) the Sellers’ good faith estimate of
(A) the amount of Closing Cash and Cash Equivalents, (B) the Net Working Capital Adjustment (which may be a negative number), (C) the amount of Closing Date Indebtedness and (D) the amount of Unpaid Seller Expenses, and the
Sellers’ calculations thereof (including, in each case the components thereof), which are attached hereto as Exhibit B. 
 (b)
Determination of Final Purchase Price. 
 (i) As soon as practicable, but no later than 60 days after the Closing
Date, the Purchasers shall prepare and deliver to the Sellers the Purchasers’ good faith proposed calculation of the Purchase Price, together with the Purchasers’ good faith proposed calculations of the (A) amount of Closing Cash and
Cash Equivalents, (B) Net Working Capital Adjustment, (C) amount of Closing Date Indebtedness and (D) amount of Unpaid Seller Expenses, in each case, including the components thereof and in a manner consistent with the definitions
thereof (which calculations shall be collectively referred to herein as the “Proposed Closing Date Calculations”). 

(ii) The Proposed Closing Date Calculations shall become final and binding upon the Parties on the 30th day following the
Sellers’ receipt thereof unless the Sellers give written notice of their disagreement (a “Purchase Price Dispute Notice”) to the Purchasers prior to such date. Any Purchase Price Dispute Notice shall specify in reasonable
detail the nature and amount of any disagreement so asserted (the “Disputed Items”). If a timely Purchase Price Dispute Notice is received by the Purchasers, then the Proposed Closing Date Calculations (as revised as contemplated in
this Section 1.1(b)(ii)) shall become final and binding upon the Partiers on the earlier of (x) the date the Purchasers and the Sellers resolve in writing any differences they have with respect to any matter specified in the
Purchase Price Dispute Notice or (y) the date any matters properly in dispute are finally resolved in writing by the Accounting Firm; provided, that, for purposes of clarity, any items that are not so disputed shall become final and
binding upon the Parties on the 30th day following the Sellers’ receipt of the Proposed Closing Date Calculations. During the 30 day-period immediately following the delivery of the Proposed Closing Date Calculations, the Purchasers and the
Sellers shall seek in good faith to resolve in writing any difference which they may have with respect to any Disputed Item and the Sellers shall have reasonable access to the books, records and working papers of the Purchasers used in connection
with or pertaining to the Purchasers’ preparation of the Proposed Closing Date Calculations. After delivery of any Purchase Price Dispute Notice, the Purchasers shall have reasonable access to the books, records and working papers of the
Sellers used in connection with the Sellers’ preparation of the Purchase Price Dispute Notice. If, at the end of the 30-day period after Purchasers’ receipt of a Purchase Price Dispute Notice, any Disputed Item specified in the Purchase
Price Dispute Notice has not been resolved by the Purchasers and the Sellers, the Purchasers and the Sellers shall submit to a nationally-recognized, independent accounting firm reasonably acceptable to the Purchasers and the Sellers (the
“Accounting Firm”) for review and resolution any such Disputed Items which remain in dispute 

  
 - 2 - 

 
(including such Parties’ proposed resolutions thereof) and which were properly included in the Purchase Price Dispute Notice. The Accounting Firm shall be requested to render a final
determination of the applicable remaining Disputed Items (acting as an expert and not as an arbitrator) within 30 days after referral of the matter to such Accounting Firm, which determination must be in writing setting forth in reasonable detail
the basis therefor and must be based solely on the definitions and other applicable provisions of this Agreement (and not on independent review), on a single presentation submitted by each of the Purchasers and the Sellers and on one written
response to each such presentation so submitted, which such determination shall be conclusive and binding on the Parties. The Proposed Closing Date Calculations shall be revised as appropriate to reflect the resolution of any objections thereto
pursuant to this Section 1.1(b)(ii) and, as so revised, such Proposed Closing Date Calculations shall be deemed to set forth the final Purchase Price and the final (A) amount of Closing Cash and Cash Equivalents, (B) Net
Working Capital, (C) amount of Closing Date Indebtedness and (D) amount of Unpaid Seller Expenses, in each case, for all purposes hereunder (including the determination of the Actual Adjustment). 

(iii) The fees and expenses of the Accounting Firm shall be borne proportionately by the US Purchaser, on the one hand, and the
US Seller, on the other hand, on the basis of the discrepancy (in dollars) between each such Party’s determination of the Disputed Items (in the aggregate) as presented to the Accounting Firm and the final and binding determination of the
Disputed Items (in the aggregate) by the Accounting Firm. Except as provided in the preceding sentence, all other costs and expenses incurred by the Parties in connection with resolving any dispute hereunder before the Accounting Firm shall be borne
by the Party incurring such cost and expense. The Parties shall cause the Accounting Firm (x) to be bound by the principles set forth in this Section 1.1(b), (y) to limit its review to matters specifically set forth in the
Purchase Price Dispute Notice, and (z) not to assign a value to any item greater than the greatest value for such item claimed by the Purchasers or the Sellers, respectively, or less than the smallest value for such item claimed by the
Purchasers or the Sellers, respectively. 
 (c) Adjustment to Estimated Purchase Price. 

(i) If the Actual Adjustment is a positive amount, then US Purchaser shall pay (or shall cause the Company to pay) to US Seller an amount
equal to such positive amount by wire transfer or delivery of immediately available funds within three Business Days after the date on which the Purchase Price is finally determined pursuant to Section 1.1(b) above. 

(ii) If the Actual Adjustment is a negative amount, then US Seller shall pay to US Purchaser an amount equal to the absolute value of such
negative amount within three Business Days after the date on which the Purchase Price is finally determined pursuant to Section 1.1(b) above to be paid (A) first from the Escrow Fund (and US Purchaser and US Seller shall promptly
execute the necessary documents instructing the Escrow Agent to make the applicable payment to US Purchaser), and (B) then, to the extent the Escrow Fund is insufficient, the remaining balance from US Seller by wire transfer or delivery of
immediately available funds. 

  
 - 3 - 

 (iii) Any amounts remaining in the Escrow Fund after payment of the Actual Adjustment pursuant
to Section 1.1(c)(i) or 1.1(c)(ii), as the case may be, shall be released to US Seller, and in such instance, US Purchaser and US Seller shall promptly execute the necessary documents instructing the Escrow Agent to make the
applicable payment to US Seller. 
 1.2 Purchase, Sale and Assumption. At the Closing, subject to the terms and conditions set forth
herein, (a) (i) US Purchaser shall purchase from US Seller, and US Seller shall sell, convey, assign, transfer, and deliver to US Purchaser, the Units, free and clear of any Encumbrances, (ii) Canada Purchaser shall purchase from
Canada Seller, and Canada Seller shall sell, convey, assign, transfer, and deliver to Canada Purchaser, Canada Seller’s rights, title and interest in and to the Transferred Assets, and (iii) to the extent not an asset of the Company or
otherwise acquired by the Purchasers, the US Purchaser shall acquire all current assets to the extent included in Net Working Capital as finally determined in accordance with Section 1.1(b)(ii), and (b) to the extent not a liability
of the Company, the US Purchaser shall assume all current liabilities to the extent included in Net Working Capital as finally determined in accordance with Section 1.1(b)(ii) (such liabilities set forth in clauses (b)(i) and (b)(ii)
above being collectively referred to herein as the “Assumed Liabilities”). 
 1.3 The Closing. The consummation of
the transactions contemplated hereby (collectively, the “Closing”) will take place at the offices of Kirkland & Ellis LLP, 601 Lexington Avenue, New York, New York, commencing at 9:00 a.m. local time on the date of this
Agreement (the “Closing Date”). The effective time of the Closing is 11:59 p.m. on the Closing Date. At the Closing, subject to the satisfaction or waiver of each of the conditions specified in Article II: 

(a) US Seller shall deliver to US Purchaser the Units, free and clear of all Encumbrances; 

(b) Canada Seller shall deliver to Canada Purchaser the instruments of assignment and transfer with respect to the Transferred Assets in a
form reasonably satisfactory to Canada Purchaser and duly executed by Canada Seller, evidencing the transfer of the Transferred Assets to Canada Purchaser; 

(c) Canada Purchaser shall deliver to US Seller (on behalf, and at the direction, of Canada Seller, an amount equal to $2,500,000 of the
Closing Payment Amount (as the sole consideration for the Transferred Assets), and US Purchaser shall deliver to US Seller, an amount equal to the remainder of the Closing Payment Amount, in each case, in immediately available funds to accounts
specified by each such Seller to the Purchasers at least two Business Days prior to the Closing; 
 (d) the US Purchaser shall pay $500,000
(the “Escrow Amount”), by wire transfer of immediately available funds, to an escrow account at JPMorgan Chase Bank, N.A. (the “Escrow Agent”) pursuant to an Escrow Agreement dated as of the Closing Date and in form
and substance reasonably acceptable to US Purchaser and US Seller (the “Escrow Agreement”); and 

  
 - 4 - 

 (e) the Purchasers shall pay and discharge (or cause to be paid and discharged), on behalf of the
Company, all Closing Date Indebtedness and all Unpaid Seller Expenses, in each case, set forth on Exhibit B, by wire transfer of immediately available funds pursuant to written instructions set forth on the applicable payoff letters and
invoices submitted to the Purchasers prior to the date hereof. The Parties acknowledge that the Closing Date Indebtedness and Unpaid Seller Expenses are obligations of the Sellers incurred on or before the Closing Date, and nothing in this Agreement
shall be deemed to make them obligations of the Purchasers. Payment of such Closing Date Indebtedness and Unpaid Seller Expenses by the Purchasers on behalf of the Sellers on the Closing Date is being made for convenience only. 

1.4 Earnout. As additional consideration to US Seller, if and solely to the extent required by this Section 1.4, US Seller
shall be entitled to receive additional consideration in the aggregate amount of up to $3,500,000 (in cash and notes) as set forth in this Section 1.4 (the sum of the Purchase Price and all amounts paid pursuant to this
Section 1.4, the “Adjusted Purchase Price”). 
 (a) EBITDA Statements. On or prior to the earlier of
(i) 30 calendar days following the delivery to the Company of the audited consolidated financial statements of the Company with respect to the Company’s 2012 fiscal year and (ii) five months after the end of the Company’s 2012
fiscal year, the US Purchaser shall deliver to the US Seller the audited consolidated financial statements of the Company for the Company’s 2012 fiscal year, and a statement (the “EBITDA Statement”) in the form attached hereto
as Schedule 1.4(a) setting forth US Purchaser’s good faith calculation of the Pro Forma Adjusted EBITDA of the Company for such period based upon the audited consolidated financial statements of the Company for the Company’s 2012
fiscal year (calculated in accordance with Exhibit D). If US Seller does not provide a written notice (an “EBITDA Statement Dispute Notice”) with respect to certain disputed items (or calculations) as specified in the notice
(the “EBITDA Disputed Items”) to the Purchasers within 30 calendar days following US Seller’s receipt of such EBITDA Statement, then the Parties hereby agree that such EBITDA Statement shall be deemed conclusive and binding on
the parties hereto. During the 30 day-period immediately following the delivery of the EBITDA Statement, the Purchasers and the Sellers shall seek in good faith to resolve in writing any difference which they may have with respect to any EBITDA
Disputed Item and the Sellers shall have reasonable access to the books, records and working papers of the Purchasers and the Company used in connection with or pertaining to US Purchaser’s preparation of the EBITDA Statement. After delivery of
any EBITDA Statement Dispute Notice, the Purchasers shall have reasonable access to the books, records and working papers of the Sellers used in connection with the Sellers’ preparation of the EBITDA Statement Dispute Notice 

(b) Earnout Dispute. If US Seller provides an EBITDA Statement Dispute Notice to US Purchaser within such 30-day calendar period, the
Purchasers and the Sellers shall use commercially reasonable efforts to resolve the dispute during the 30-calendar day period commencing on the date US Purchaser receives the EBITDA Statement Dispute Notice from the US Seller. If the US Purchaser
and US Seller do not agree upon a final resolution within such 30-calendar day period, then the items remaining in dispute shall be submitted immediately by US Purchaser and US Seller to the Accounting Firm for determination in accordance with the
procedural principles set forth in Section 1.1(b)(ii), with the fees of such Accounting Firm to be borne proportionately by the US Seller, on the one hand, and US Purchaser, on the other hand,

  
 - 5 - 

 
on the basis of the discrepancy (in dollars) between each such Party’s determination of the Pro Forma Adjusted EBITDA of the Company as presented to the Accounting Firm and the final and
binding determination of the Pro Forma Adjusted EBITDA of the Company by the Accounting Firm. The conclusive and binding EBITDA Statement, based either upon agreement of the Parties or the written determination delivered by the Accounting Firm in
accordance with Section 1.1(b)(ii) and this Section 1.4(b), shall be deemed the “Conclusive EBITDA Statement”. 

(c) Payment. In the event the Conclusive EBITDA Statement sets forth a Pro Forma Adjusted EBITDA of the Company for the Company’s
2012 fiscal year in excess of $3,869,000, within 10 calendar days following the applicable statement becoming a Conclusive EBITDA Statement, (A) the US Purchaser shall, or shall cause the Company to, pay to US Seller an amount equal to 50% of
the Earnout Amount in immediately available funds to accounts specified by US Seller (the “Earnout Cash”), and (B) subject to US Seller entering into a Subordination and Intercreditor Agreement substantially in the form
attached as Exhibit F hereto, the Company shall issue to US Seller a promissory note from the Company in an original principal amount equal to 50% of the Earnout Amount substantially in the form attached as Exhibit E hereto (the
“Seller Note”). For the avoidance of doubt, (x) in the event that Pro Forma Adjusted EBITDA of the Company does not exceed $3,869,000, the US Seller shall not be entitled to any additional consideration pursuant to this
Section 1.4, and (y) in no event shall either (1) the amount of the Earnout Cash or (2) the aggregate principal amount of the Seller Note exceed $1,750,000, respectively. In order to ensure compliance with all applicable
Tax withholdings, the Sellers and the Purchasers agree to pay any part of the Earnout Amount ultimately owing to Bob Orlando from the Sellers or the Company through the payroll system of US Seller, to the extent permitted, or otherwise through the
Company (taking into account all applicable Tax withholding requirements and netting the aggregate amount to be so paid to Bob Orlando (as set forth in a direction letter provided by US Seller) from the amount otherwise payable pursuant to this
Section 1.4(c)). 
 (d) Change of Control. Upon the consummation of a Change of Control prior to the payment of the
Earnout Amount or the binding determination in accordance with this Section 1.4 that no Earnout Amount is due to the Sellers, as applicable, $3,500,000 shall automatically become immediately due and payable to the Sellers, and US
Purchaser shall pay to US Seller $3,500,000 in immediately available funds to accounts specified by each such Seller. 
 (e) Payments to
Affiliates. Until payment of the Earnout Amount or the binding determination in accordance with this Section 1.4 that no Earnout Amount is due to the Sellers, neither the Company nor any Purchaser shall make any payment or
distribution (including “Distributions” as defined in the Senior Loan Agreement) that they are not otherwise permitted to make under the Senior Loan Agreement (as in effect as of the date hereof and not taking into account any subsequent
amendments or modifications thereof); provided, that, to the extent any such payment or distribution is permitted solely due to obtaining the consent of the Agent (as defined in the Senior Loan Agreement), such payment or distribution shall
require the US Seller’s prior written consent to be permitted hereunder. In the event that the Earnout Cash has not been paid in full on the date required by, and in accordance with the terms and conditions of, this Section 1.4
then, from and after such date and until the date that the Earnout Cash has been paid in full, neither the Company nor any Purchaser shall make any payments pursuant to the Sponsor Management Agreement (as defined in the Senior Loan Agreement)
including 

  
 - 6 - 

 
payment of Permitted Sponsor Management Fees (as defined in the Senior Loan Agreement) and neither the Company nor any Purchaser shall enter into, or make payments pursuant to, any management
services agreement, management fee agreement or other agreement with any Person (as defined in the Senior Loan Agreement) that provides for management fees, commissions or similar consulting fees and commissions without the US Seller’s prior
written consent. 
 ARTICLE II 

Closing Conditions 
 2.1
Conditions to the Purchasers’ Obligations. The obligation of the Purchasers to consummate the transactions contemplated hereby is subject to the satisfaction as of the Closing of the following conditions, any and all of which may be
waived in whole or in part by the Purchasers to the extent permitted by applicable Law: 
 (a) Resignation of Directors and Officers.
The Purchasers shall have received duly executed resignations of the directors and officers of the Company. 
 (b) Consents and
Approvals. The Sellers shall have made, or caused to be made, all filings and shall have obtained all Permits, authorizations, consents and approvals required to be obtained by the Company to consummate the transactions contemplated by this
Agreement as set forth on Schedule 3.5(c) (the “Consents”). 
 (c) Payoff Letters and Invoices. The
Purchasers shall have been furnished with payoff letters or releases from guarantees, as applicable, from all holders of Indebtedness, which payoff letters and releases set forth the terms and conditions for the payment (in the case of payoff
letters) or the release (in the case of releases) and satisfaction in full of all such Indebtedness and release of all Liens other than Permitted Liens granted by the Company and/or the Sellers (with respect to the Units and/or the Transferred
Assets) relating thereto on and as of the Closing Date, and to the extent any amount in respect of such Indebtedness or any Unpaid Seller Expenses are to be paid and discharged pursuant to Section 1.3(e), each applicable payoff letter or
invoice shall be provided to the Purchasers and shall contain wire instructions for payment. 
 (d) Termination of Affiliate
Transactions. The Purchasers shall have received copies of termination agreements, in form and substance reasonably satisfactory to the Purchasers, with respect to the Contracts listed on Schedule 2.1(d), in each case duly executed by the
parties thereto. 
 (e) Escrow Agreement. US Seller and the Escrow Agent shall have duly executed and delivered the Escrow Agreement.

 (f) Transition Services Agreement. The Company, US Seller, Canada Seller, and American Recreations Products, LLC shall have duly
executed and delivered the Transition Services Agreement. 
 (g) Side Letter. Sun shall have duly executed and delivered the Side
Letter. 

  
 - 7 - 

 (h) Closing Documents. At the Closing, the Sellers shall have delivered to the Purchasers
all of the following documents: 
 (i) certified copies of all Governing Documents, existing minute books, equity transfer
records, corporate seals and other materials relating to the Company’s corporate administration which are in the possession of the Sellers; 

(ii) certified copy of a good standing or similar certificate of the Company from the State of Delaware dated no more than
seven (7) days prior to the Closing Date; 
 (iii) a certified copy of the resolutions of each Seller’s board of
directors authorizing the execution, delivery and consummation of this Agreement and the Transaction Documents to which such Seller is a party and the transactions contemplated hereby and thereby; 

(iv) a duly executed non-foreign affidavit from US Seller dated as of the Closing Date and in form and substance required under
Treasury Regulation 1.1445-2(b)(2) such that the Purchasers are exempt from withholding any portion of the Purchase Price thereunder; 

(v) a duly executed Form W-9 from US Seller; and 

(vi) unit certificate(s), if any, representing the Units, duly endorsed in blank for transfer or accompanied by unit powers
duly executed in blank. 
 2.2 Conditions to the Sellers’ Obligations. The obligation of the Sellers to consummate the
transactions contemplated hereby is subject to the satisfaction as of the Closing of the following conditions, any and all of which may be waived in whole or in part by the Sellers to the extent permitted by applicable Law: 

(a) Escrow Agreement. US Purchaser and the Escrow Agent shall have duly executed and delivered the Escrow Agreement. 

ARTICLE III 

Representations and Warranties of the Sellers 

As a material inducement to the Purchasers to enter into this Agreement and to consummate the transactions contemplated hereby, the Sellers
hereby jointly and severally represent and warrant to the Purchasers as follows: 
 3.1 Organization; Power; Authority; Good
Standing. 
 (a) Each Seller is duly organized, validly existing and in good standing under the Laws of the jurisdiction of its formation
and possesses full power and authority necessary to own, lease and operate its properties, to carry on its business as now conducted and as proposed to be conducted as of the Closing Date. Each Seller is duly licensed or qualified to transact
business and is in good standing as a foreign entity in those jurisdictions set forth on 

  
 - 8 - 

 
Schedule 3.1(a), which constitute all of the jurisdictions in which the character of the Assets owned or leased, or the business conducted, by it requires such licensing or qualification,
except for jurisdictions where the failure to be so licensed, qualified or in good standing has not had and could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Purchasers have been furnished
with true, correct and complete copies of the Governing Documents of each Seller, as amended and in effect on the date of this Agreement. 

(b) The Company is a limited liability company duly organized, validly existing and in good standing under the Laws of the State of Delaware.
The Company possesses full power and authority necessary to own, lease and operate its properties, to carry on its business as now conducted and as proposed to be conducted as of the Closing Date. The Company is duly licensed or qualified to
transact business and is in good standing as a foreign entity in those jurisdictions set forth on Schedule 3.1(b), which constitute all of the jurisdictions in which the character of the Assets owned or leased, or the business conducted, by
it requires such licensing or qualification, except for jurisdictions where the failure to be so licensed, qualified or in good standing has not had and could not, individually or in the aggregate, reasonably be expected to have a Material Adverse
Effect. The Purchasers have been furnished with true, correct and complete copies of the Governing Documents of the Company, as amended and in effect on the date of this Agreement. 

3.2 Capitalization. As of immediately prior to the Closing, the authorized, issued and outstanding Equity Interests of the Company are
set forth on Schedule 3.2. All of the outstanding Equity Interests of the Company are duly authorized and validly issued and are held beneficially and of record by the Sellers as set forth on Schedule 3.2, free and clear of any
Encumbrances other than Permitted Liens. Except as set forth on Schedule 3.2, the Company does not have any outstanding (a) Equity Interests or other securities convertible or exchangeable for any of its Equity Interests or containing
any profit participation or compensatory equity features, nor any rights or options to subscribe for or to purchase its Equity Interests or (b) any equity appreciation rights, or phantom equity or similar plans or rights. There are no
(a) outstanding obligations of the Company (contingent or otherwise) to repurchase or otherwise acquire or retire any of its Equity Interests or any warrants, options or other rights to acquire its Equity Interests or (b) voting trusts,
proxies or other agreements among the Company’s equityholders with respect to the voting or transfer of the Company’s Equity Interests. As of the Closing, one hundred percent (100%) of the outstanding Equity Interests of the Company
will be held by US Purchaser and will be duly authorized and validly issued, free and clear of any Encumbrances. 
 3.3 Subsidiaries.
The Company does not have any Subsidiaries or hold any Equity Interest of any Person. 
 3.4 Indebtedness. Except as set forth on
Schedule 3.4, the Company does not have any Indebtedness. 
 3.5 Authorization; Execution & Enforceability; No
Breach. 
 (a) Each of the Sellers and the Company has full power and authority to execute and deliver each Transaction Document to which
it is a party and any and all instruments 

  
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necessary or appropriate in order to fully effectuate the terms and conditions of each such Transaction Document and to perform and consummate the transactions contemplated hereby and thereby.

 (b) Each Seller’s execution, delivery and performance of each Transaction Document to which it is a party has been duly and validly
authorized by all necessary action on the part of such Seller and/or its equityholders. The Company’s execution, delivery and performance of each Transaction Document to which it is a party has been duly and validly authorized by all necessary
action on the part of the Company and/or its equityholders. Each Transaction Document to which any of the Sellers or the Company is a party has been duly and validly executed and delivered by the applicable Seller or the Company, as applicable, and
constitutes, or upon its execution and delivery will constitute, assuming due execution by the counterparties thereto, a valid and legally binding obligation of the applicable Seller or the Company, as applicable, enforceable against the applicable
Seller or the Company, as applicable, in accordance with its terms and conditions. 
 (c) Except as set forth on Schedule 3.5(c), the
execution, delivery and performance by each of the Sellers and the Company of each Transaction Document to which it is a party, and the consummation of the transactions contemplated hereby and thereby, do not and will not (i) result in the
creation of any Lien other than Permitted Liens upon any Assets of the Sellers or the Company pursuant to, (ii) conflict with any provision or result in any breach or violation of, (iii) constitute (whether with or without the passage of
time, the giving of notice or both) a default under, (iv) trigger any “change in control” or other similar provision contained in, or (v) give rise to any right of termination, cancellation, acceleration or other material right
under, in each case, (1) any Law applicable to the Sellers, the Company or any of their Assets, (2) the Transaction Documents, (3) the Governing Documents of the Sellers or the Company, (4) any Permit held by the Sellers or the
Company, or (5) any other Material Contracts to which the Sellers or the Company is a party or by which any of their Assets are otherwise bound. Except as set forth on Schedule 3.5(c), none of the Sellers or the Company is required to
provide any notice to, or make any filing with, any Governmental Authority or any other Person, or obtain any Permit or Consent, in each case, for the valid execution, delivery and performance by any of the Sellers or the Company, as applicable, of
the Transaction Documents to which it is a party. 
 3.6 Financial Statements; Books and Records. Attached hereto as part of
Schedule 3.6 are true, correct and complete copies of (a) the unaudited, combined balance sheets of the Company and, with respect to the Transferred Assets and Assumed Liabilities, the Sellers, as of January 30,
2010, January 29, 2011 and January 28, 2012, and the related unaudited, combined statements of income for the respective twelve-month periods then ended and (b) the unaudited balance sheet of the Company, and with respect to the
Transferred Assets and Assumed Liabilities, the Sellers, as of October 27, 2012, (the “Most Recent Balance Sheet”), and the related unaudited statement of income for the 9-month period then ended. The financial statements
described in clauses (a) and (b) above are collectively referred to herein as the “Financial Statements”. Except as set forth on Schedule 3.6, the Financial Statements (including in all cases the notes thereto)
(x) have been prepared in accordance with GAAP, consistently applied throughout the periods indicated, (y) have been prepared from, and in all material respects in accordance with, the books and records of the Company, and (z) fairly
present in all material respects the financial condition of the Company and accurately reflect in all material 

  
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respects the operating results of the Company (in each case as of the applicable dates or for the applicable periods); provided, however, that the Financial Statements do not
contain all notes required under GAAP. The books of account, minute books and other records of the Company, all of which have been made available to the Purchasers, are, in all material respects, true, correct and complete and have been maintained
in accordance with sound business practices. At the Closing, all such corporate books and records will be in the possession of the Company. 

3.7 Absence of Undisclosed Liabilities. Except as set forth on Schedule 3.7, the Company does not have any Liability other than
(a) Liabilities set forth on the liabilities side of the Most Recent Balance Sheet (rather than any notes thereto), (b) Liabilities incurred in the Ordinary Course of Business since the Most Recent Balance Sheet, (c) obligations
pursuant to any Material Contract or any Contract not required to be set forth on Schedule 3.13(a), and (d) Liabilities that do not exceed, individually or in the aggregate, $500,000, none of which with respect to clauses (b) and
(c) above, is a Liability resulting from breach of contract, breach of warranty, tort, infringement, claim, lawsuit, violation of Law or environmental Liability or cleanup obligation. 

3.8 Accounts Receivable; Unbilled Revenue. All accounts receivable reflected on the Most Recent Balance Sheet (a) represent valid
obligations arising from bona fide sales actually made or services actually performed in the Ordinary Course of Business, (b) are not subject to valid counterclaims or setoffs, and (c) are current and collectible in accordance with their
terms at their recorded amounts, subject (in the aggregate) only to the reserve for bad debt or other applicable reserve set forth on the Most Recent Balance Sheet. All accounts receivable reflected on the Net Working Capital (as finally determined
under Section 1.1(b)) (i) will represent valid obligations arising from bona fide sales actually made or services actually performed in the Ordinary Course of Business, (ii) will not be subject to valid counterclaims or
setoffs, and (iii) will be current and collectible in accordance with their terms at their recorded amounts, subject (in the aggregate) only to the reserve for bad debt, or other applicable reserve, set forth on the calculations of such Net
Working Capital. 
 3.9 Inventory. All of the inventory reflected on the Most Recent Balance Sheet (a) consists of raw materials
and supplies, manufactured and purchased parts, goods in process, and finished goods, and (b) is merchantable, fit for the purpose for which it was procured or manufactured and is of quantity and quality usable and saleable by the Company or
Canadian Seller, as applicable, in the Ordinary Course of Business, subject (in the aggregate) only to the reserve for inventory writedown, or other applicable reserve, set forth on the Most Recent Balance Sheet, and the Company or Canadian Seller,
as applicable, have good and valid title to such inventory, free and clear of all Liens other than Permitted Liens. All of the inventory reflected on the Net Working Capital (as finally determined under Section 1.1(b)) (i) will
consist of raw materials and supplies, manufactured and purchased parts, goods in process, and finished goods, and (ii) will be merchantable, fit for the purpose for which it was procured or manufactured and is of quantity and quality usable
and saleable by the Company or Canadian Seller, as applicable, in the Ordinary Course of Business, subject (in the aggregate) only to the reserve for inventory writedown, or other applicable reserve, set forth on the calculations of such Net Working
Capital, and the Company or Canadian Seller, as applicable, will have good and valid title to such inventory, free and clear of all Liens other than Permitted Liens. Except as set forth in Schedule 3.9, the Company or Canadian Seller,
(whether as buyer, seller or re-seller of particular inventory) do not have any outstanding sales on consignment, sales on approval, sales on return or guaranteed sales, or similar arrangements. 

  
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 3.10 Absence of Certain Developments. Since January 28, 2012, there has occurred no
fact, event or circumstance which has had or could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Except as set forth on Schedule 3.10, since January 28, 2012, the Company and the Sellers
have conducted the Business only in the Ordinary Course of Business, and have not, with respect to or otherwise related to the Business: 

(a) amended any provision of the Company’s Governing Documents; 

(b) issued any Equity Interests of the Company, declared, set aside or made any payment or distribution of cash or other property with
respect to its Equity Interests, purchased, redeemed or otherwise acquired any of its Equity Interests; 
 (c) incurred any Indebtedness,
other than capitalized leases not exceeding $25,000 in the aggregate (determined in accordance with GAAP); 
 (d) discharged or satisfied
any Lien other than Permitted Liens or paid any Liability, other than current Liabilities paid in the Ordinary Course of Business; 
 (e)
sold (other than sales of inventory in the Ordinary Course of Business), licensed, leased, transferred, assigned, abandoned or otherwise disposed of any of its Assets or mortgaged, pledged, or imposed any Lien other than Permitted Liens upon any of
its Assets; 
 (f) suffered any damage, destruction or casualty loss exceeding $25,000 in the aggregate, whether or not covered by
insurance, or experienced any material change in the amount and scope of insurance coverage; 
 (g) made, promised or granted any bonus, any
equity or incentive awards or any wage or salary increase or other compensation and benefits to any employee, group of employees, consultants, officers or directors (other than wage increases in the Ordinary Course of Business), or adopted, amended,
materially increased benefits under or terminated any Employee Benefit Plan, or pay, agree to pay, or set aside funds to pay, any pension, retirement allowance, termination or severance pay, bonus or other employee benefit in a manner not required
by any existing Employee Benefit Plan to any employee, group of employees, consultants, officers or directors; 
 (h) made any loans or
advances to, guarantees for the benefit of, or any Investments in, any Person (other than advances to employees in the Ordinary Course of Business); 

(i) directly or indirectly engaged in any transaction or entered into any arrangement with any of the Company’s officers, directors,
equityholders, Affiliates or any of their respective relatives; 
 (j) entered into, modified or terminated any Material Contract; 

  
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 (k) made any capital expenditure (or series of related capital expenditures) or commitment
therefore in excess of $25,000 individually or $50,000 in the aggregate, or delayed or postponed the making of any capital expenditure or the repair or maintenance of any Assets; 

(l) made any change in the policies of the Business with respect to the payment of accounts payable or accrued expenses or the collection of
the accounts receivable or other receivables, including any acceleration or deferral of the payment or collection thereof, as applicable, or made any write down in the value of its inventory in a manner that is outside of the Ordinary Course of
Business; 
 (m) made any material change in the manner in which the Business extends discounts or credits to, or otherwise deals with,
customers; 
 (n) made any material change in the manner in which the Business markets its products or services; 

(o) made any change in its cash management practices or in the accounting methods, principles or practices used by the Business; 

(p) taken any action (or failed to take any action) that has resulted in, or could reasonably be expected to result in, the loss, lapse,
abandonment, invalidity or unenforceability of any Company Intellectual Property Rights; 
 (q) made any change in any method of financial
or Tax accounting or financial or Tax accounting practice used by the Company other than such changes as were required by GAAP or applicable Tax Law, as applicable; 

(r) made any Tax election (including any change or revocation of any election), any amendment to any Tax Return, any settlement of any Tax
claim or assessment, any surrender of any right to claim a refund of Taxes or any consent to extend or waive the statute of limitations applicable to any Tax claim or assessment; or 

(s) agreed, whether orally or in writing, to do any of the foregoing. 

3.11 Assets. 
 (a) Except
as set forth on Schedule 3.11(a) or disposed of in the Ordinary Course of Business, the Company or the applicable Seller has good and valid title to, or a valid leasehold interest in, the Assets used by it, located on its premises, set forth
on the Most Recent Balance Sheet or acquired thereafter prior to the Closing, in each case, free and clear of all Liens other than Permitted Liens. 

(b) Except for services to be provided pursuant to the Transition Services Agreement and those assets and services set forth on Schedule
3.11(b), the Assets of the Company and the Transferred Assets (i) together constitute all of the Assets necessary and sufficient to operate the Business in the manner presently operated by the Company, and (ii) when taken as a whole,
(A) are free from any material defects, (B) have been maintained in accordance with normal industry practice, and (C) are in good operating condition and repair (subject to normal wear and tear) adequate and suitable for the purposes
for which such Assets are presently used. 

  
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 3.12 Tax Matters. Except as set forth on Schedule 3.12: 

(a) Each of the Sellers and the Company has filed (or has had filed on its behalf) all Tax Returns that it was required to file under
applicable Laws and regulations. All such Tax Returns were true, correct and complete in all respects and were prepared in compliance with all applicable Laws and regulations. All Taxes due and owing by (or with respect to the operations of) the
Sellers or the Company (whether or not shown on any Tax Return) have been paid. None of the Sellers or the Company is the beneficiary of any extension of time within which to file any currently outstanding Tax Return. Since July 2, 2007, no
claim has ever been made by an authority in a jurisdiction where the Sellers or the Company does not file Tax Returns that the Sellers or the Company, as the case may be, is or may be subject to taxation by, or may be required to file any Tax
Returns in, that jurisdiction. There are no Liens for Taxes (other than Taxes not yet due and payable) upon any of the Assets of the Sellers, the Company or the Business. 

(b) Each of the Sellers and the Company has withheld and timely paid all Taxes required to have been withheld and paid in connection with any
amounts paid or owing to any employee, independent contractor, creditor, equityholder, or other third party. 
 (c) No foreign, federal,
provincial, state, or local Tax audits or administrative or judicial Tax proceedings are pending or are being conducted with respect to the Sellers or the Company. None of the Sellers or the Company has received from any foreign, federal, state, or
local taxing authority (including jurisdictions where the Company has not filed Tax Returns) any (i) notice indicating an intent to open an audit or other review, (ii) request for information related to Tax matters, or (iii) notice of
deficiency or proposed adjustment for any amount of Tax proposed, asserted, or assessed by any taxing authority or Governmental Authority against the Sellers or the Company. 

(d) None of the Sellers or the Company has waived any statute of limitations in respect of Taxes or agreed to any extension of time with
respect to a Tax assessment or deficiency. 
 (e) Each of the Sellers and the Company has disclosed on its U.S. federal income Tax Returns
(if any) all positions taken therein that could give rise to a substantial understatement of federal income Tax within the meaning of Code §6662. None of the Sellers or the Company is a party to or bound by any Tax allocation or sharing
agreement. 
 (f) None of the Company, the Purchasers or any other of their respective Affiliates will be required to include any item of
income in, or exclude any item of deduction from, taxable income for any taxable period (or portion thereof) ending after the Closing Date as a result of any: 

(i) change in method of accounting for a taxable period ending on or prior to the Closing Date; 

  
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 (ii) “closing agreement” as described in Code §7121 (or any
corresponding or similar provision of state, local or foreign income Tax law) executed on or prior to the Closing Date; 

(iii) installment sale or open transaction disposition made on or prior to the Closing Date; 

(iv) prepaid amount received on or prior to the Closing Date; 

(v) intercompany transaction or excess loss account described in the Treasury Regulations under Section 1502 of the Code
(or any corresponding or similar provision of state, local or foreign Tax law); or 
 (i) election under Section 108(i)
of the Code. 
 (g) None of the Sellers or the Company has engaged in any “listed transaction” or “reportable
transaction” as defined in the Treasury Regulations promulgated under Sections 6011, 6111 and 6112 of the Code. 
 (h) The Company has,
since July 27, 2012, been properly classified as a disregarded entity for U.S. federal, state and local income tax purposes. 
 (i)
None of the Sellers or the Company has any liability for Taxes of any other Person under Treasury Regulations Section 1.1502-6 or any analogous provision of state, local or foreign Tax Law, or as a transferee or successor, by Contract, or
otherwise. 
 (j) The Sellers and the Company have delivered or made available to the Purchasers correct and complete copies of all income
Tax Returns filed by, and all examination reports and statements of deficiencies assessed against or agreed to by the Company for any taxable period ended on or after December 31, 2009. 

(k) None of the Sellers or the Company is subject to any ruling of the Internal Revenue Service (or any similar state, local or foreign
agency) or has a request for such a ruling currently pending or has entered into any legally binding agreement with a taxing authority relating to any Tax. 

(l) Canada Seller is not a non-resident of Canada for purposes of the Income Tax Act (Canada). 

(m) Canada Seller is registered under the Excise Tax Act (Canada) for purposes of the harmonized sales tax and goods and services tax and
(i) its registration number is 102221900 and (ii) its business address is 151 Superior Blvd., Mississagua, Ontario L5T 2L1. The inventory included in the Transferred Assets is located in the province of Ontario, Canada. 

  
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 3.13 Contracts and Commitments. 

(a) Except as set forth on Schedule 3.13(a) (which references subsections (i) through (xvi) below, as applicable), neither the
Company nor any Seller (with respect to the Business) is a party to or bound by any written or oral: 
 (i) pension, profit
sharing, incentive, equity option, phantom equity, employee equity purchase or other plan or arrangement providing for deferred or other compensation to employees or any other employee benefit plan, arrangement or practice; 

(ii) management agreement or Contract for the employment of any officer, individual employee or other Person on a full-time,
part-time, consulting or other basis (A) providing annual cash or other compensation in excess of $75,000, (B) providing for the payment of any cash or other compensation or benefits as a result of the execution of this Agreement and/or
the consummation of the transactions contemplated hereby, or (C) otherwise restricting its ability to terminate the employment of any employee at any time for any lawful reason or for no reason without Liability; 

(iii) collective bargaining agreement, or any Contract with a works council, trade union, labor organization, or other employee
representative; 
 (iv) Contract with any Governmental Authority; 

(v) Contract relating to borrowed money or other Indebtedness or the mortgaging, pledging or otherwise placing a Lien other
than a Permitted Lien on any material Asset or group of material Assets or any letter of credit arrangements, or any guaranty therefor; 

(vi) Contract under which the Company is a (A) lessee of or holds or operates any personal property owned by any other
Person, except for any lease of personal property under which the aggregate annual rental payments do not exceed $50,000 or (B) lessor of or permits any Person to hold, operate or occupy any personal property, owned or controlled by the
Company; 
 (vii) Contract or group of related Contracts with the same party or group of Affiliated parties continuing over a
period of more than six months from the date or dates thereof, not terminable by the Company upon 30 days or less notice without penalty or involving more than $50,000; 

(viii) Contract relating to the ownership of, Investments in or loans and advances to any Person, including Investments in
joint ventures and minority equity investments; 
 (ix) license, royalty or other Contracts with respect to any Intellectual
Property Rights (other than licenses for mass-marketed software with a replacement cost and/or aggregate annual license and maintenance fees of less than $10,000), including all Contracts relating to Rights of Publicity and all Contracts relating to
the design, development or hosting of any website owned or used by the Company (including any content included on any such website); 

  
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 (x) Contract that contains any provision pursuant to which the Company is
obligated to indemnify or make any indemnification payments to any Person; 
 (xi) agent, sales representative, sales or
distribution Contracts (other than purchase and sale orders entered into in the Ordinary Course of Business); 
 (xii)
Contract relating to the marketing or advertising of the Company’s products or services; 
 (xiii) power of attorney or
other similar Contract or grant of agency; 
 (xiv) Contract prohibiting it, now or in the future, from freely engaging
in any business or competing anywhere in the world or restricting its use of any Intellectual Property Rights, including any nondisclosure, non-competition, settlement, coexistence, standstill or confidentiality agreements; 

(xv) Contract (A) providing for the Company to be the provider or supplier of any product or service to any Person who is
a Material Customer of the Company, (B) providing for any Person who is a Material Supplier or service provider of the Company to be the provider of any product or service to the Company, (C) providing for the Company to be the exclusive
or preferred provider or supplier of any product or service to any Person or the exclusive or preferred recipient or customer of any product or service of any Person or that otherwise involves the granting by any Person to the Company of exclusive
or preferred rights of any kind (including with respect to any distribution or sales rights in any territory), (D) providing for any Person to be the exclusive or preferred provider of any product or service to the Company or the exclusive or
preferred recipient of any product or service of the Company or that otherwise involves the granting by the Company to any Person of exclusive or preferred rights, (E) granting to any Person a right of first refusal or right of first offer on
the sale of any part of the business of the Company or (F) containing a provision of the type commonly referred to as “most favored nation” provision for the benefit of a Person other than the Company; 

(xvi) Settlement, conciliation, or similar Contract pursuant to which the Company is obligated to pay consideration after the
date of this Agreement in excess of $50,000; or 
 (xvii) Contract that is otherwise material to the Assets, business,
operations or financial condition of the Business or the Company, taken as a whole. 
 (b) All of the Contracts set forth or required to be
set forth on Schedule 3.13(a) together with all Real Property Leases and Insurance Policies (collectively, the “Material Contracts”) are legal, valid, binding and enforceable as to the Company or a Seller (as applicable) and,
to the Knowledge of the Company, the other parties thereto, in accordance with their respective terms. Each Material Contract is currently in full force and effect and will be in 

  
 - 17 - 

 
full force and effect in accordance with its terms upon consummation of the transactions contemplated hereby. Except as set forth on Schedule 3.13(b), the Company or a Seller (as
applicable), and to the Company’s Knowledge, each other party to any Material Contract, has performed all obligations required to be performed by it and is not in default under or in breach of, or in receipt of any claim of default or breach
under, any Material Contract. There has not occurred any event that, with the lapse of time or the giving of notice or both, would constitute a default or breach under a Material Contract by the Company or a Seller (as applicable), or to the
Company’s Knowledge, any of the other parties to such Material Contract. The Company or a Seller (as applicable) has not received written notice, or to the Company’s Knowledge, other notice, that any other party to any Material Contract
intends to cancel, terminate or breach any such Material Contract or to exercise or not to exercise any option to renew thereunder. The Purchasers have been provided (i) a true, correct and complete copy of each Material Contract, together with
all amendments, waivers or other changes thereto, and (ii) a true, correct and complete description of the material terms of all oral Material Contracts. 

3.14 Intellectual Property Rights. 

(a) Schedule 3.14(a) contains a true, correct and complete list of all of the following in any jurisdiction that are owned or used by
the Company or the Business: (i) patented or registered Intellectual Property Rights, including Internet domain names, (ii) pending patent applications or applications for registrations of other Intellectual Property Rights, (iii) all
software (other than mass-marketed software with a replacement cost and/or aggregate annual license and maintenance fees of less than $10,000), (iv) material unregistered Marks, (v) material unregistered copyrights, and (vi) any other
material Intellectual Property Rights. 
 (b) The Company exclusively owns and possesses, free and clear of all Liens other than Permitted
Liens, all right, title and interest in and to, or has the right to use pursuant to a valid and enforceable written license, all Intellectual Property Rights necessary for, held for use, or used in the operation of the Business as now conducted and
as proposed to be conducted as of the Closing Date (together with all Intellectual Property Rights owned by the Company, collectively, the “Company Intellectual Property Rights”). All of the Company Intellectual Property Rights are
valid, enforceable, subsisting, and in full force and effect. No loss or expiration of any of the Company Intellectual Property Rights is threatened, pending or reasonably foreseeable. The Company has taken all reasonable or necessary actions and
follows all practices common in the industry to maintain, protect and enforce the Company Intellectual Property Rights, including the secrecy, confidentiality and value of its trade secrets and other Confidential Information. 

(c) Except as set forth on Schedule 3.14(c), (i) there are no claims against the Company or the Sellers (with respect to the
Business) that were either made within the past six years, are presently pending, or to the Company’s Knowledge threatened, contesting the validity, use, ownership, enforceability, patentability or registrability of any of the Company
Intellectual Property Rights, and, to the Company’s Knowledge, there is no reasonable basis for any such claim, (ii) the Company and the Sellers (with respect to the Business) have not infringed, misappropriated or otherwise conflicted
with, and the operation of the Business as now conducted and as proposed to be conducted as of the Closing Date does not infringe, misappropriate or otherwise conflict with, any Intellectual Property Rights or other rights of

  
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other Persons, and the Company and the Sellers have not received any notices regarding any of the foregoing (including any demands or offers to license any Intellectual Property Rights from any
other Person), and (iii) to the Company’s Knowledge, no third party has infringed, misappropriated or otherwise conflicted with any of the Company Intellectual Property Rights. The transactions contemplated by this Agreement shall not
impair the right, title or interest of the Company in and to the Company Intellectual Property Rights and Company Systems, and all of the Company Intellectual Property Rights and Company Systems shall be owned or available for use by the Company or
the Business immediately after the Closing on terms and conditions identical to those under which the Company owned or used the Company Intellectual Property Rights and Company Systems immediately prior to the Closing. The Company Intellectual
Property Rights are not subject to any outstanding consent, settlement, decree, order, injunction, judgment or ruling restricting the use, enforcement, ownership, patenting, registration, transfer or disposition thereof. 

(d) Except as set forth on Schedule 3.14(d), all past and present employees and independent contractors of, and consultants to, the
Company and the Sellers (with respect to the Business) have entered into agreements pursuant to which such employee, independent contractor or consultant agrees to protect the Confidential Information and assign to the Company all Intellectual
Property Rights created or otherwise developed by such employee, independent contractor or consultant in the course of his, her or its relationship with the Company or a Seller (as applicable), without further consideration or any restrictions or
obligations on the use or ownership of such Intellectual Property Rights whatsoever, and such agreements are valid and enforceable in accordance with their terms. 

(e) Other than the software, hardware, firmware, networks, interfaces and related systems relating to (i) services contemplated by the
Transition Services Agreement and (ii) those assets and services set forth on Schedule 3.11(b), the software, hardware, firmware, networks, interfaces and related systems owned, leased or licensed by the Company in the conduct of the
Business (collectively, “Company Systems”) are sufficient for the Company’s and the Business’s current and anticipated future needs, and, during the past 24 months, there have been no failures, crashes or other adverse
events affecting the Company Systems that have had an adverse effect on the ability of the Company to operate the Business in any material respect. 

(f) The Company and the Sellers (with respect to the Business) are, and during the three (3) year period prior to the date of this
Agreement, have been, in compliance with (i) all applicable data protection or privacy Laws governing the collection, use, disclosure, transfer or other disposition of personal information and (ii) any privacy policies or related policies,
programs or other notices that concern the Company’s and the Business’s collection, use, disclosure, transfer or other disposition of personal information. During the three year period prior to the date of this Agreement, there have not
been any incidents of data security breaches or complaints, notices to, or audits, proceedings or investigations conducted or claims asserted by any other Person regarding the collection, use, disclosure, transfer or other disposition of personal
information by any Person in connection with the Business, the Company or of the Company’s Subsidiaries or any violation of any applicable Law, and to the Company’s Knowledge, there is no reasonable basis for the same and no such claim has
been threatened or pending. 

  
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 3.15 Litigation. Except as set forth on Schedule 3.15, there are no, and during the
three-year period prior to the date hereof there have been no, (a) Proceedings or claims pending or, to the Company’s Knowledge, threatened against the Sellers, the Company or their Assets, whether at law or in equity, whether civil or
criminal in nature or by or before any Governmental Authority, or (b) Orders with respect to or involving the Sellers, the Company or their Assets, in each case, that could reasonably be expected to have an adverse effect on the Company or on
the Business. To the Company’s Knowledge, there exist no facts or circumstances that could form the basis for any such Proceedings, claims or Orders. There are no Proceedings, Orders, claims pending or, to the Company’s Knowledge,
threatened against or affecting the Sellers or the Company pursuant to which a Person is seeking or will seek to restrain or prohibit or to obtain damages or other relief in connection with the transactions contemplated by any of the Transaction
Documents. 
 3.16 Brokerage. Except for the fees and expenses of The Sage Group, LLC, which shall be Unpaid Seller Expenses at the
Closing, there are and will be no claims for brokerage commissions, finders’ fees or similar compensation in connection with the transactions contemplated by this Agreement based on any arrangement or agreement to which any of the Sellers or
the Company is a party or subject to. 
 3.17 Insurance. Schedule 3.17 sets forth and briefly describes each insurance policy
maintained by the Company or the Sellers with respect to its Assets and operations of the Business (collectively, the “Insurance Policies”) and sets forth the date of expiration of each such Insurance Policy. All Insurance Policies
are issued by insurers of recognized responsibility. The insurance coverage provided by the Insurance Policies (a) is on such terms, (b) covers such categories of risk, (c) contains such deductibles and retentions, and (d) is in
such amounts, in each case, as is adequate and suitable for the Assets and operations of the Business and as is customary for companies of similar size engaged in similar lines of business. With respect to each Insurance Policy, (a) there are
no claims pending as to which coverage has been questioned, denied or disputed by the underwriter(s) of such Insurance Policy, (b) all premiums due have been paid, (c) no notice of cancellation or termination has been given, and
(d) the Company and the Sellers have complied in all material respects with the terms and provisions of such Insurance Policy. Except as set forth and described on Schedule 3.17, the Company and the Sellers (with respect to the Business)
have no self-insurance or co-insurance programs. 
 3.18 Labor Matters. Schedule 3.18 contains a true, correct and complete
list as of the date hereof of (a) all employees employed by the Company and the Sellers (with respect to the Business), (b) the job title, rate of all current compensation payable by the Company or a Seller (as applicable) to each such
employee, including any bonus, contingent or deferred compensation, current employment status (active, or on leave with nature of leave and anticipated date of return and (c) the officers and directors of the Company. Except as set forth on
Schedule 3.18, to the Company’s Knowledge, no executive or key employee of the Company or the Business and no group of employees of the Company or the Business has any plans to terminate employment with the Company or the Business. The
Company: (i) is not a party to any collective bargaining agreement or any other Contract or relationship with any labor organization, works council, trade union, labor organization or any employee representative; (ii) has not engaged in
any unfair labor practices; (iii) has not, during the past five years, experienced any labor strike, lockout, work stoppage or other material labor dispute (nor, to the Company’s 

  
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Knowledge, is any such dispute threatened or reasonably anticipated); (iv) has not, during the past five years, experienced any union organizing or decertification activities with respect to
any of its employees (nor, to the Company’s Knowledge, are any such activities threatened or reasonably anticipated), nor had any question concerning representation arise respecting such employees; and (v) has not engaged in any plant
closing or employee layoff activities within the last three years that could implicate the Worker Adjustment Retraining and Notification Act of 1988, as amended, or any similar state or local or foreign plant closing or mass layoff statute, rule or
regulation. 
 3.19 Employee Benefit Plans. 

(a) Schedule 3.19(a)(i) sets forth a true and complete list of all “employee benefit plans” within the meaning of ERISA
§3(3), and all medical, dental, life insurance, equity, bonus or other incentive compensation, disability, salary continuation, severance, retention, retirement, pension, deferred compensation, vacation, sick pay or paid time off plans or
policies, employment agreements, consulting agreements, offer letters, change in control arrangements, collective bargaining agreements and any other material plans, agreements, policies, trust funds or arrangements (whether written or unwritten,
insured or self-insured) (i) established, maintained, sponsored or contributed to (or with respect to which any obligation to contribute has been undertaken) by the Sellers, the Company, their respective Subsidiaries or any ERISA Affiliate on
behalf of any employee, officer, director, stockholder of the Company (whether current, former or retired) or their beneficiaries, or (ii) with respect to which the Company or its Subsidiaries has any obligation or liability (each, without
regard to materiality qualifiers, an “Employee Benefit Plan”, and collectively, the “Employee Benefit Plans”). Except as set forth on Schedule 3.19(a)(ii), none of the Employee Benefit Plans is sponsored by
the Company or its Subsidiaries (any Employee Benefit Plan set forth on Schedule 3.19(a)(ii), a “Company-Sponsored Benefit Plan”). Except as described on Schedule 3.19(a)(iii), neither the Company nor any of its
Subsidiaries is a contractual party to any Employee Benefit Plan. Each Employee Benefit Plan subject to the Laws of a jurisdiction outside of the United States is separately identified on Schedule 3.19(a)(i). 

(b) The Sellers have made available to the Purchaser or its agents or representatives: (i) copies of all plan documents setting forth the
terms of each Employee Benefit Plan, including all amendments thereto and written summaries of all material Employee Benefit Plans that are not in writing; (ii) the most recent summary plan description, if any, required under ERISA with respect
to each Employee Benefit Plan; (iii) all agreements or documents setting forth the obligations of the Company and its Subsidiaries with respect to such plans; and (iv) the most recent Internal Revenue Service determination or opinion
letter issued with respect to each Employee Benefit Plan intended to be qualified under Code §401(a). 
 (c) Neither, the Company, nor
its Subsidiaries, has ever contributed to, contributes to, has ever been required to contribute to, or otherwise participated in or participates in or in any way, directly or indirectly, has any Liability (including on account of any ERISA Affiliate
that would or would reasonably be expected to become a liability of the Purchaser, the Company or its Subsidiaries) with respect to any plan that is (i) a “multiple employer welfare arrangement” (within the meaning of ERISA §
3(40)), or (ii) subject to Section 412 of the Code, Section 302 of ERISA or Title IV of ERISA, including any “multiemployer plan” (within the meaning of ERISA §3(37) or Code §414(f)), or any “single-employer
plan” (within the meaning of ERISA §4001(a)(15)) that is subject to ERISA §§4063, 4064 or 4069. 

  
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 (d) Each Company-Sponsored Benefit Plan and, except as would not or would not reasonably be
expected to result in liability to the Company, each Employee Benefit Plan intended to qualify under Code §401(a) is qualified and has received a favorable determination letter from the Internal Revenue Service (or the prototype plan on which
such plan is based has received an opinion letter from the Internal Revenue Service upon which it may rely regarding its qualified status under the Code), and nothing has occurred, whether by action or by failure to act, that caused or could cause
the loss of such qualification or the imposition of any penalty or Tax Liability. Except as could not result in liability to the Company or the Purchasers, all payments required by each Employee Benefit Plan, any collective bargaining agreement or
other agreement, or by Law (including, without limitation, all contributions, insurance premiums or intercompany charges) with respect to all prior periods have been made or provided for by the Seller, their Subsidiaries or the Company in accordance
with the provisions of each of the Employee Benefit Plans, applicable Law and GAAP. 
 (e) No proceeding has been threatened, asserted,
instituted or, to the Company’s or Sellers’ Knowledge, is anticipated against the Company with respect to any Company-Sponsored Benefit Plan and, except as would not, or would not reasonably be expected to, result in liability to the
Company, any Employee Benefit Plan, any trustee or fiduciaries thereof, or any of the assets of any trust of any of the Employee Benefit Plans. Each Company-Sponsored Benefit Plan and, except as would not result in liability to the Company, each
Employee Benefit Plan complies in form and has been maintained and operated in all material respects in accordance with its terms and applicable Law, including ERISA and the Code. Neither the Company nor any third party, has engaged in a non-exempt
“prohibited transaction,” within the meaning of Code §4975 and ERISA §406, with respect to the Company-Sponsored Benefit Plan and, except as would not, or would not reasonably be expected to, result in liability to the Company,
the Employee Benefit Plans, and no such “prohibited transaction” with respect to the Employee Benefit Plans is reasonably expected to occur as a result of any action or inaction by the Company or any third party. No Employee Benefit Plan
is under, and neither the Sellers, or their Subsidiaries, nor the Company have received any notice of, an audit or investigation by the Internal Revenue Service, Department of Labor or any other Governmental Authority, and no such completed audit,
if any, has resulted in the imposition of any Tax or penalty that could result in Liability to the Company or its Subsidiaries. 
 (f) No
Employee Benefit Plan provides post-retirement health and welfare benefits to any current or former employee of the Company or any of its Subsidiaries, except as required under Code §4980B, Part 6 of Title I of ERISA or any other applicable Law
and for which the beneficiary pays the entire cost of coverage. The Company and, except as would not, or would not reasonably be expected to, result in liability to the Company, its ERISA Affiliates have complied and are in compliance with the
requirements of Code §4980B. 
 (g) Except as would not reasonably be expected to result in any Liability to the Company, the
consummation of the transactions contemplated by this Agreement alone, or in combination with any other event (where such event would not alone have an effect described in this sentence), will not give rise to any Liability, or require funding by
the Company or Seller, 

  
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under any Employee Benefit Plan, including Liability for severance pay, termination pay or withdrawal Liability, or accelerate the time of payment or vesting or increase the amount of
compensation or benefits due to any employee, officer, director, stockholder or other individual consultant or independent contractor of the Company (whether current, former or retired) or their beneficiaries. No amount that could be received
(whether in cash or property or the vesting of property), as a result of the consummation of the transactions contemplated by this Agreement or any other event, by any employee, officer, director, stockholder or other service provider of the Company
under any Employee Benefit Plan or otherwise would not be deductible by reason of Section 280G of the Code or would be subject to an excise tax under Section 4999 of the Code. 

(h) Neither the Company nor any employee, officer, director, stockholder or other service provider of the Company has made any promises or
commitments, whether legally binding or not, to create any additional Employee Benefit Plan, or to modify or change in any material way any existing Employee Benefit Plan, in each case, with respect to which the Company or any Purchaser could have
liability. 
 (i) The Company does not have any unfunded liabilities pursuant to any Employee Benefit Plan that is not intended to be
qualified under Code §401(a) and is an “employee pension benefit plan” within the meaning of ERISA §3(2), a nonqualified deferred compensation plan or an excess benefit plan. Except as would not reasonably be expected to result
in any Liability to the Company, each Employee Benefit Plan that is a “nonqualified deferred compensation plan” (as defined under Code §409A(d)(1)) has been operated and administered in compliance with, and is in documentary
compliance with, Code §409A and the treasury regulations and other official guidance promulgated thereunder. 
 (j) Any individual who
performs services for the Company and who is not treated as an employee for federal income tax purposes by the Company is not an employee under applicable Law or for any purpose including, for Tax withholding purposes or, except as would not result
in any Liability to the Company, any Employee Benefit Plan purposes. The Company has no Liability by reason of an individual who performs or performed services for the Company in any capacity being improperly excluded from participating in an
Employee Benefit Plan. Each employee of the Company has been properly classified as “exempt” or “non-exempt” under applicable Law. 

3.20 Compliance with Laws; Permits. Except as set forth on Schedule 3.20: 

(a) The Company and the Sellers (with respect to the Business) have complied in all material respects with, are in compliance in all material
respects with, and have operated the Business and maintained its Assets in compliance in all material respects with, all applicable Laws. No notice has been received by, and no claims have been filed against, the Company alleging a violation of any
such Laws. To the Company’s Knowledge, there is no proposed Law which would prohibit or restrict the Company or the Business from, or otherwise materially adversely affect the Company or the Business in, conducting its business in any
jurisdiction in which it is now conducting its business or in which it has proposed to conduct its business as of the Closing Date. 

  
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 (b) Except with respect to Permits relating to Environmental and Safety Requirements which are
addressed in Section 3.21 and those Permits set forth on Schedule 3.20(b), (i) the Company holds all material Permits used or necessary in the conduct of the Business or the ownership of its Assets, (ii) such Permits are
valid and in full force and effect, (iii) no notice has been received by the Company alleging the failure to hold any such Permit, (iv) the Company is in compliance with the terms and conditions of such Permits, and (v) all of such
Permits will be available for use on the same terms by the Company immediately after the Closing. 
 3.21 Environmental and Safety
Matters. Except as set forth on Schedule 3.21: 
 (a) The Company and the Sellers (with respect to the Business) have at all
times complied and are in compliance in all material respects with all Environmental and Safety Requirements. 
 (b) Without limiting the
generality of the foregoing, the Company has obtained and at all times complied in all material respects with, and is in compliance in all material respects with, all Permits that may be required pursuant to any Environmental and Safety Requirements
for the operation of the Company’s businesses and the occupation of its facilities. 
 (c) The Company has not received any oral or
written notice, report or other information regarding any actual or alleged material violation of, or any material Liabilities or potential material Liabilities (including any investigatory, corrective or remedial obligations) arising under,
Environmental and Safety Requirements. 
 (d) The Company and its predecessors have not treated, stored, disposed of, arranged for or
permitted the disposal of, transported, handled, exposed any Person to, or released any substance (including any hazardous substance), or owned or operated any facility or property (including the Leased Real Property) which is or has been
contaminated by any substance, so as to give rise to any current or future material Liabilities (including any investigatory, corrective or remedial obligations) pursuant to any Environmental and Safety Requirements. 

(e) The Company has not assumed, undertaken or otherwise become subject to any material Liability, including any obligation for investigatory,
corrective or remedial action, of any other Person relating to any Environmental and Safety Requirements. 
 (f) The Company and its
predecessors have not manufactured, sold, marketed, installed, repaired or distributed products or items containing asbestos, lead or other hazardous substances, and none of such entities have any material Liabilities with respect to the presence or
alleged presence of asbestos, lead or other hazardous substances in any such product or item or at or upon any property or facility. 
 (g)
The Company has provided to the Purchaser true, correct and complete copies of all environmental audits, assessments and reports, and all other documents materially bearing on environmental, health or safety Liabilities, relating to the past or
current properties, facilities or operations of the Company or its predecessors, in each case which are in the possession or under the reasonable control of the Company. 

  
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 3.22 Affiliate Transactions. Except as set forth on Schedule 3.22(a), no officer,
director, equityholder or Affiliate of the Sellers or the Company or, to the Company’s Knowledge, any individual related by blood, marriage or adoption to any such Person or any entity in which any such Person owns any beneficial interest, is a
party to any Contract or transaction with the Company or has any material interest any Assets used by the Business. Except as set forth in Schedule 3.22(b), no Affiliate of the Company owns, directly or indirectly, any interest or has any
investment or profit participation in a corporation or other entity (i) which is a competitor or potential competitor of the Company or (ii) which otherwise does business with the Company. 

3.23 Customer; Suppliers. 

(a) Schedule 3.23(a) sets forth a list of the top 10 customers of the Business by dollar volume of sales for the 9 months ended
October 27, 2012 (the “Material Customers”). The Company has not received any notice from any customer listed on Schedule 3.23(a) and, to the Company’s Knowledge, no facts or circumstances exist to the effect that
any such customer has or may stop, materially decrease the rate of, or materially change the terms (whether related to payment, price or otherwise) with respect to purchasing materials, products or services from the Company, in each case, whether as
a result of the consummation of the transactions contemplated hereby or otherwise, and the consummation of the transactions contemplated hereby would not reasonably be expected to cause any such customer to take any such action. The terms under
which the Material Customers purchase materials, products or services from the Company are the result of arms length transactions, and no written Contract between the Company and any Material Customer explicitly grants the Company premium pricing
due to its affiliation with US Seller or any of its Affiliates. There are no material disputes between the Company and any Material Customer. 

(b) Schedule 3.23(b) sets forth a list of the top 10 suppliers of the Business by dollar volume of purchases for the 9 months ended
October 27, 2012 (the “Material Suppliers”). The Company has not received any notice from any supplier listed on Schedule 3.23(b) and, to the Company’s Knowledge, no facts or circumstances exist to the effect that
any such supplier has or may stop, materially decrease the rate of, or materially change the terms (whether related to payment, price or otherwise) with respect to supplying materials, products or services to the Company (including by requiring the
Company to post a letter of credit or other similar form of collateral), in each case, whether as a result of the consummation of the transactions contemplated hereby or otherwise, and the consummation of the transactions contemplated hereby would
not reasonably be expected to cause any such supplier to take any such action. The terms under which the Material Suppliers supply materials, products or services to the Company are the result of arms length transactions, and no written Contract
between the Company and any Material Supplier explicitly grants a discount to the Company due to its affiliation with US Seller or any of its Affiliates. There are no material disputes between the Company and any Material Supplier. 

  
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 3.24 Real Property. 

(a) The Company does not have any Owned Real Property. The Company is not a party to any agreement or option to purchase any real property or
any interest therein. 
 (b) Schedule 3.24(b) sets forth a true, correct and complete list, by address, of all Real Property Leases
(including all amendments, extensions, renewals, guaranties and other agreements with respect thereto), including the date and name of the parties to each Real Property Lease, and each building, structure, improvement and fixture or other interest
in real property, including all easements and other rights and interests appurtenant thereto, leased, subleased or otherwise occupied by the Company (the “Leased Real Property”). The Company has delivered to the Purchasers a true
and complete copy of each Real Property Lease document and, in the case of any oral Real Property Lease, a written summary of the material terms of such Real Property Lease. Except as set forth on Schedule 3.24(b), with respect to each of the
Real Property Leases: (i) the Company’s possession and quiet enjoyment of the Leased Real Property under such Real Property Lease has not been disturbed and, to the Company’s Knowledge, there are no disputes with respect to such Real
Property Lease; (ii) no security deposit or portion thereof deposited with respect such Real Property Lease has been applied in respect of a breach or default under such Real Property Lease which has not been redeposited in full; (iii) the
Company does not owe, and will not owe in the future, any brokerage commissions or finder’s fees with respect to such Real Property Lease; (iv) the Company has not subleased, licensed or otherwise granted any Person the right to use or
occupy such Leased Real Property or any portion thereof; (v) the Company has not collaterally assigned or granted any other security interest in such Real Property Lease or any interest therein; and (vi) there are no Liens other than
Permitted Liens on the estate or interest created by such Real Property Lease. 
 (c) Schedule 3.24(c) sets forth a description of
all material Leasehold Improvements for each Leased Real Property (such Leasehold Improvements, together with the Leased Real Property, the “Real Property”). The Company has good and marketable title to the Leasehold Improvements,
free and clear of all Liens, other than Permitted Liens, and other than the rights of the Purchasers pursuant to this Agreement. Other than the rights of the Purchasers pursuant to this Agreement, there are no outstanding options, rights of first
offer or rights of first refusal to purchase any such Leasehold Improvement or any portion thereof or interest therein. 
 (d) The Real
Property constitutes all of the real property leased, occupied or otherwise utilized primarily in connection with the Business. 
 (e) There
exists no violation of any covenant, condition, restriction, easement, agreement or order affecting any portion of the Real Property. 
 (f)
All buildings, structures, improvements, fixtures, building systems and equipment, and all components thereof, included in the Real Property (the “Improvements”) are in good condition and repair and sufficient for the operation of
the business of the Company. There are no structural deficiencies or latent defects affecting any of the Improvements and, to the Company’s Knowledge, there are no facts or conditions affecting any of the Improvements which would, individually
or in the aggregate, interfere in any material respect with the use or occupancy of the Improvements or any portion thereof in the operation of the business of the 

  
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Company. No such Improvements or accessways encroach on land not included in the Real Property and no such Improvement is dependent for its access, operation or utility on any land, building or
other improvement not included in the Real Property. 
 (g) All water, oil, gas, electrical, steam, compressed air, telecommunications,
sewer, storm and waste water systems and other utility services or systems for the Real Property have been installed and are operational and sufficient for the operation of the business of the Company as currently conducted thereon, and all hook-up
fees or other similar fees or charges have been paid in full. Each such utility service enters the Real Property from an adjoining public street or valid private easement in favor of the supplier of such utility service or appurtenant to such Real
Property, and is not dependent for its access, use or operation on any land, building, improvement or other real property interest which is not included in the Real Property. 

3.25 Product Warranty. Each product manufactured, sold or delivered by the Company has been in material conformity with all applicable
Contractual commitments and with all specifications set forth on any labels affixed thereto. Except as set forth on Schedule 3.25, no product manufactured, sold or delivered by the Company is subject to any guarantee, warranty, or other
indemnity beyond the Company’s applicable standard terms and conditions of sale. The Most Recent Balance Sheet reflects an adequate reserve for product warranty claims. 

3.26 Compliance with Customs and International Trade Laws. To the Company’s Knowledge and with respect to the Business: 

(a) None of the Sellers or the Company (i) has received any written notice that any of the Sellers or the Company is subject to
(A) any civil or criminal investigation or assessment for failure to properly mark imported merchandise or return merchandise to any relevant Governmental Authority’s custody, (B) additional customs duties, Taxes or fees,
(C) denial order or suspension of export privileges, (D) government sanction, or (E) any pending Proceeding relating to any alleged or actual underpayment of applicable customs duties, Taxes or other import duties and fees, or
(ii) has knowledge of any violation of import Laws by any of the Sellers or the Company; 
 (b) None of the Sellers or the Company has
made or provided any materially false statement to any Governmental Authority, in connection with the importation of merchandise, the valuation or classification of imported merchandise, the duty treatment of imported merchandise, the eligibility of
imported merchandise for favorable duty rates or other special treatment, country of origin marking, North American Free Trade Agreement certificates, other statements or certificates concerning origin, quota or visa rights, export licenses or other
export authorizations, U.S. or other territorial content requirements, licenses or other approvals required by a Governmental Authority; 

(c) None of the Sellers or the Company has received any written notice or otherwise has knowledge that any products or materials imported by
any of the Sellers or the Company, or on behalf of any of the Sellers or the Company is subject to or otherwise covered by an antidumping duty order or countervailing duty order that remains in effect or is subject to or otherwise covered by any
pending antidumping or countervailing duty investigation by any Governmental Authority; 

  
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 (d) None of the Sellers or the Company, nor any agent acting directly on behalf of any of the
Sellers or the Company, has, in furtherance of or in connection with the business of any the Sellers or the Company or otherwise, made any payment, offer, gift, promise to give, or authorized any payment or gift, either directly or indirectly, to
any person so as to influence a person to perform his or her function improperly or where the offer, provision or acceptance of such advantage would itself be improper or in violation of applicable anti-corruption Laws; and 

(e) None of the Sellers or the Company, nor any officer or director of any of the Sellers or the Company, nor any agent acting on behalf of
the Sellers or the Company (i) is or has participated in any transaction involving a Person designated by the U.S. Department of Treasury, Office of Foreign Assets Control (“OFAC”) on the list of Specially Designated Nationals
and Blocked Persons or on any similar government sanctions or export controls list including similar lists issued by the Canadian Governmental Authorities, or (ii) has imported from or exported to (including deemed exportation) or re-exported,
directly or indirectly, any good, technology or services to any country subject to OFAC sanctions or otherwise in violation of any applicable import or export control or economic sanctions Laws or orders administered by any Governmental Authority,
including the Laws governing the import or export controls or economic sanctions of the Canadian Governmental Authorities. 
 ARTICLE IV

 Representations and Warranties of the Purchasers 

As a material inducement to the Sellers to enter into this Agreement and consummate the transactions contemplated hereby, the Purchasers
hereby jointly and severally represent and warrant to the Sellers as follows: 
 4.1 Organization, Power and Authority. Each
Purchaser is duly organized, validly existing and in good standing under the Laws of the jurisdiction of its formation. Each Purchaser possesses full power and authority necessary to carry out the transactions contemplated by this Agreement. 

4.2 Authorization; Execution & Enforceability; No Breach. 

(a) Each Purchaser has full power and authority to execute and deliver each Transaction Document to which it is a party and any and all
instruments necessary or appropriate in order to fully effectuate the terms and conditions of each such Transaction Document and to perform and consummate the transactions contemplated hereby and thereby. 

(b) Each Purchaser’s execution, delivery and performance of each Transaction Document to which it is a party has been duly and validly
authorized by all necessary action on the part of such Purchaser and/or its equityholders. Each Transaction Document to which a Purchaser is a party has been duly and validly executed and delivered by such Purchaser and constitutes, or upon its
execution and delivery will constitute, a valid and legally binding obligation of such Purchaser, enforceable against such Purchaser in accordance with its terms 

  
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and conditions, except as the enforcement hereof and thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or similar Laws generally
affecting the rights of creditors and subject to general principles of equity, regardless of whether enforcement is sought in equity or in law. 

(c) The execution, delivery and performance by each Purchaser of each Transaction Document to which it is a party, and the consummation of the
transactions contemplated hereby and thereby, do not and will not (i) conflict with any provision or result in any breach or violation of, (ii) constitute (whether with or without the passage of time, the giving of notice or both) a
default under, or (iii) give rise to any right of termination, cancellation, acceleration or other material right under, in each case, (1) any Law applicable to such Purchaser, (2) the Transaction Documents, (3) the Governing
Documents of such Purchaser, (4) any Permit of such Purchaser, or (5) any other Contracts to which such Purchaser is a party or by which any of the Assets of such Purchaser are otherwise bound. Except as set forth on Schedule
4.2(c), neither Purchaser is required to provide any notice to, or make any filing with, any Governmental Authority or any other Person, or obtain any Permit or Consent, in each case, for the valid execution, delivery and performance by such
Purchaser of the Transaction Documents to which it is a party. There is no Proceeding pending or, to any Purchasers’ knowledge, threatened against or affecting the Purchasers, at law or in equity, or before or by any federal, state, provincial,
municipal or other Governmental Authority which would adversely affect the Purchasers’ performance under this Agreement or the consummation of the transactions contemplated hereby. 

4.3 Brokerage. There are and will be no claims for brokerage commissions, finders’ fees or similar compensation in connection with
the transactions contemplated by this Agreement based on any arrangement or agreement to which any Purchaser is a party or to which any Purchaser is subject. 

4.4 Investment Representation. US Purchaser is acquiring the Units for its own account with the present intention of holding such
securities for investment purposes and not with a view to, or for sale in connection with, any distribution of such securities in violation of any federal or state securities Laws. 

4.5 Solvency. Immediately after giving effect to the transactions contemplated by this Agreement, the Purchasers and each of their
Subsidiaries, if any, will be able to pay their respective debts as they become due and will own property which has a fair saleable value greater than the amounts required to pay their respective debts (including a reasonable estimate of the amount
of all contingent liabilities). Immediately after giving effect to the transactions contemplated by this Agreement, the Purchasers and each of their Subsidiaries, if any, will have adequate capital to carry on their respective businesses. No
transfer of property is being made and no obligation is being incurred in connection with the transactions contemplated by this Agreement with the intent to hinder, delay or defraud either present or future creditors of the Company. 

  
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 ARTICLE V 

Post-Closing Covenants 

Each of the Parties agrees as follows with respect to the period following the Closing: 

5.1 General. 
 (a) In case
at any time from and after the Closing any further action is necessary to carry out the purposes of this Agreement and the transactions contemplated hereby, each of the Parties will take such further action (including the execution and delivery of
such further instruments and documents) as any other Party may reasonably request, all at the sole cost and expense of the requesting party. Each Seller acknowledges and agrees that, from and after the Closing, the Company will be entitled to
possession of all documents, books, records (including tax records), Contracts, and financial data of any sort relating to the Company and/or the Business. Unless otherwise consented to in writing by the US Seller, no Purchaser nor any Affiliate
thereof shall, for a period of seven years following the Closing Date, destroy, alter or otherwise dispose of any of the books and records of the Company and/or the Business for any period prior to the Closing Date without first offering to
surrender to US Seller such books and records or any portion thereof and the Sellers shall be afforded reasonable access to such books and records for tax or financial reasons during such period. 

(b) Without limiting the provisions of Section 5.1(a), to the extent that any Party discovers or identifies any additional Assets,
including any Contracts or any Intellectual Property Rights, which should have by the terms of the Transaction Documents been transferred or assigned to the Company in connection with the transactions contemplated by this Agreement but were not so
transferred or assigned: (i) the Parties shall cooperate and execute and deliver any instruments of transfer or assignment reasonably necessary to transfer and assign such Assets to the Company, (ii) each Seller shall use its reasonable
best efforts to provide the Company with the benefit in all material respects of each such Asset, including (A) subcontracting, sublicensing or subleasing to the Company all rights and title to and interest in such Asset, (B) enforcing any
rights with respect to such Asset (including the right to terminate any Contract which is an Asset in accordance with the terms thereof upon the request of the Company), and (C) permitting the Company to enforce any rights as if such Asset had
been assigned or transferred to the Company, and (iii) to the extent the Sellers shall have failed to obtain the consent of all parties or to deliver notice to all parties prior to the Closing with respect to such Assets necessary to permit the
assignment or transfer to the Company of such Assets, each Seller shall use commercially reasonable efforts (A) to obtain such consents or deliver such notices and (B) when all such consents shall have been obtained or notices have been
delivered, to assign and transfer such Asset to the Company. If any Seller receives any funds that are the property of the Purchasers or the Company, such Seller shall remit any such funds promptly to the Purchasers or the Company, as applicable. If
any Purchaser or the Company receives any funds that are the property of the Seller or its Affiliates, such Purchaser or the Company shall remit any such funds promptly to the Seller or its Affiliate, as applicable. 

(c) After the Closing, Canada Purchaser agrees to pay and be responsible for all Liabilities under any Transferred Assets solely to the extent
any such Liability relates to the 

  
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performance thereof or obligations thereunder, in each case, that arise out of or relates to events, obligations or circumstances from and after the Closing or are to be performed for the period
from and after the Closing Date. 
 (d) Within three (3) Business Days following the Closing Date, Sellers shall deliver all
instruments of transfer and other documents and information (including transfer codes) and take all other steps necessary to initiate the transfer of ownership of all domain name registrations identified on Schedule 5.1(d) to the Company, and
shall provide copies of all correspondence with the applicable domain name registrars relating to such transfer and, if applicable, acknowledgment of receipt of any transfer documentation by the registrar; provided, that Purchasers and the
Company shall cooperate with Sellers as may be reasonably requested by Sellers in order to effectuate the intent of this Section 5.1(d). 

5.2 Confidentiality. Each Seller shall (and shall cause its Affiliates and its and their respective officers, directors, employees,
representatives, agents and consultants (collectively, “Representatives”) to) (a) treat and hold as confidential all of the Confidential Information and (b) deliver promptly to the Purchasers or destroy, at the request and
option of the Purchasers, all tangible embodiments (and all copies) of the Confidential Information which are in such Seller’s possession; provided, that Seller may keep one copy of any document if such retention is necessary for a bona
fide tax, accounting or legal purpose until such retention for such purpose is no longer necessary. In the event that such Seller (or any Representative of such Seller) is requested or required (by oral question or request for information or
documents in any Proceeding, interrogatory, subpoena, civil investigative demand, or similar process) to disclose any Confidential Information, such Seller shall notify the Purchasers promptly in writing of the request or requirement so that the
Purchasers may seek an appropriate protective order or waive compliance with the provisions of this Section 5.2. If, in the absence of a protective order or the receipt of a waiver hereunder, such Seller (or any Representative of such
Seller) is compelled to disclose any Confidential Information to any tribunal or else stand liable for contempt, such Seller (or Representative of such Seller) may disclose the Confidential Information to such tribunal; provided,
however, that such Seller (or Representative of such Seller) shall (i) use its commercially reasonable efforts to obtain, at the reasonable request of the Purchasers, a protective order or other assurance that confidential treatment will
be accorded to such portion of the Confidential Information required to be disclosed as the Purchasers shall designate and (ii) disclose only such portion of the Confidential Information as is strictly required. 

5.3 Non-Solicitation. 

(a) For a period of three years from and after the Closing Date, no Seller shall, and shall cause its Subsidiaries not to, directly or
indirectly: (i) induce or attempt to induce any employee of the Company or the Business to leave the employ of the Company or the Business, or in any way interfere with the relationship between the Company or the Business and any employee
thereof, other than by way of general solicitation not specifically targeted at any employee of the Company or the Business, (ii) hire any person set forth on Schedule 5.3(a). For a period of three years from and after the Closing Date,
no director or officers of any Seller shall intentionally make any disparaging statements or communications about the Company or any of its Affiliates to any other Person. For a period of three years from and after the Closing Date, no director or
officers of any Purchaser or the Company shall intentionally make any disparaging statements or communications about any Seller or any of their Affiliates to any other Person. 

  
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 (b) The Parties agree that the Purchasers, the Company and each of their respective Affiliates,
successors and assigns would suffer irreparable harm from a breach of this Section 5.3 by the Sellers and that money damages would not be an adequate remedy for any such breach. Therefore, in the event a breach or threatened breach of
this Section 5.3, the Purchasers, the Company, and each of their respective Affiliates or their respective successors and assigns, in addition to other rights and remedies existing in their favor, 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 and at the expense of the Sellers,
including reasonable attorneys’ fees and expenses). 
 (c) If the final judgment of a court of competent jurisdiction declares any term
or provision of this Section 5.3 to be invalid or unenforceable, the Parties agree that the court making the determination of invalidity or unenforceability shall have the power to reduce the scope, duration, or area of the term or
provision, to delete specific words or phrases, or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable
term or provision, and this Agreement shall be enforceable as so modified to cover the maximum, duration, scope or area permitted by Law. In addition, in the event of an alleged breach or violation by any Seller of this Section 5.3, the
two year period described in clauses (a) above shall be tolled with respect to such Seller until such breach or violation has been duly cured. Each Seller agrees that the restrictions contained in this Section 5.3 are reasonable.

 5.4 Public Announcements. Each Party will consult with each other and will mutually agree (the agreement of each Party not to be
unreasonably withheld) upon the content and timing of any press release or other public statements with respect to the transactions contemplated by this Agreement and shall not issue any such press release or make any such public statement prior to
such consultation and agreement, except as may be required by applicable Law or by obligations pursuant to any listing agreement with any securities exchange or any stock exchange regulations; provided, that the disclosing party will give
prior notice to the other Party of the content and timing of any such press release or other public statement required by applicable Law or by obligations pursuant to any listing agreement with any securities exchange or any stock exchange
regulations; provided, further, that nothing in this Section 5.4 shall prohibit the Purchasers, Sellers or any Affiliate thereof from disclosing any information relating to the transactions contemplated by this Agreement to
any investor or limited partner of such Person to the extent such disclosure is made in the ordinary course of such Person’s business. 

5.5 Names. From and after Closing, the Sellers shall promptly cease all use of the Names, including any and all d/b/a’s currently
or formerly used by the Company or the Sellers that are related to the Business. Within 30 days after the Closing, the Sellers shall make all filings, and deliver to the Purchasers executed copies of all documents, as may be required or reasonably
requested by the Purchasers to cease the use by Sellers of any of the Names, including, where applicable, name change amendments and appropriate name change notices for each state where the Sellers are qualified to do business. The Sellers hereby
appoint the Purchasers as their attorney-in-fact to file all such documents on or after the Closing Date. 

  
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 5.6 Tax Returns. The Sellers shall cause to be prepared (at the Sellers’ expense) and
filed all Tax Returns of the Company for a Tax period that ends on or before the Closing Date. Such Tax Returns shall be prepared consistent with past custom and practice of the Company. The Purchasers shall cause to be prepared (at the
Purchasers’ expense) and filed all Tax Returns of the Company for a Tax period that ends after the Closing Date. 
 5.7 Purchase
Price Allocation. The Parties agree that the Purchase Price shall be allocated among assets of the Company and the Transferred Assets in accordance with Sections 338 and 1060 of the Code (and any comparable provisions of state or local Law and,
in the case of the Transferred Assets, in accordance with any applicable Canadian law) or any successor provision and the principles set forth in Schedule 5.7. The Purchasers shall deliver to Sellers within 90 days after the Closing Date an
allocation of the Adjusted Purchase Price (and the associated liabilities and other relevant items) in accordance with the previous sentence (the “Asset Allocation Schedule”). To the extent that the Sellers object to any of the
items on the Asset Allocation Schedule, the Sellers and the Purchasers shall resolve such disputed items in good faith. Within 30 days of receipt of the Asset Allocation Schedule, the Sellers shall give written notice to the Purchasers of any
comments. The Purchasers, shall revise the Asset Allocation Schedule to reflect Sellers’ reasonable comments, and shall not finalize the Asset Allocation Schedule without the Sellers’ prior consent, not to be unreasonably withheld,
conditioned or delayed. Each of the Sellers and the Purchasers shall file all Tax Returns (including Internal Revenue Service Form 8883) and information reports in a manner consistent with the Asset Allocation Schedule, and shall take no position
inconsistent with the Asset Allocation Schedule. The Parties shall cooperate with each other in timely preparing an amended Internal Revenue Form 8883 or any other applicable Tax Returns or information reports reflecting all adjustments to the
Adjusted Purchase Price pursuant to this Agreement in a manner consistent with the Asset Allocation Schedule. The Parties confirm that no portion of the Purchase Price allocated to the Transferred Assets is being paid or allocated to a
“restrictive covenant,” as that term is defined for the purposes of Section 56.4 of the Income Tax Act (Canada), as proposed by the Department of Finance Canada on October 24, 2012 (the “Legislative Proposals”)
(or such similar provisions as may be finally enacted). If any portion of the Purchase Price allocated to the Transferred Assets is deemed by a Governmental Authority to be in respect of a “restrictive covenant,” then each Party agrees to
execute and file any joint elections under Section 56.4 of the Income Tax Act (Canada) as per the Legislative Proposals (or such similar provisions as may be finally enacted) as may be requested by any other Party in respect of any
“restrictive covenants” given under this Agreement or in connection with the transactions contemplated by this Agreement. The Parties shall make any similar provincial election, as applicable. 

5.8 Insurance Policies. If, following the Closing, the Purchasers or any of their Affiliates suffer any Loss arising out of any
pre-Closing event or occurrence which may be, or may have been covered, in whole or in part, under any liability insurance policy maintained by the Sellers or any of their Affiliates (including any directors and officers insurance policies) that
provide coverage with respect to any Assets or operations of the Business (the “Policies”), and the Purchasers request, pursuant to written notices, that the applicable Seller or its applicable

  
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Affiliate submit a claim under such Policy, the applicable Seller shall, or shall cause its applicable Affiliate to, at the Purchasers’ sole cost and expense, submit such claim as so
instructed, use commercially reasonable efforts to collect claim amounts requested thereunder and cause any such claim proceeds collected to be paid to the Purchasers to the extent such policy remains in full force and effect; provided, that
the Purchasers’ first recourse shall be against the representation and warranty insurance policy maintained by the Purchasers on the date hereof if such Loss arises out of a breach of any representation or warranty contained in this Agreement.
The Sellers shall, and shall cause their Affiliates, to maintain, for a reasonable period of time after the date hereof (but not to exceed six years), the directors and officers insurance policies, as of the date hereof, that cover Robert Orlando
for acts prior to the Closing Date in his capacity as a director or officer of the Company (or similar policies with terms and conditions not materially less favorable to Robert Orlando in the aggregate); provided, that if any Seller
undergoes a restructuring for a bonafide business purpose, any Affiliate or successor in interest to such Seller may maintain such Seller’s directors and officers insurance policies (or similar policies with terms and conditions not materially
less favorable in the aggregate) on such Seller’s behalf. 
 5.9 Financial Statements. The Sellers agree to use commercially
reasonable efforts to assist the Purchasers with preparing all customary financial statements and with any reasonable audits regarding the Business relating to periods prior to the Closing Date, in each case, for a period of up to three years from
the Closing Date; provided, that the Purchasers shall reimburse the Sellers for all out-of-pocket costs incurred by the Sellers or any of their Affiliates in connection with compliance with this Section 5.9; provided
further, that Sellers shall not be obligated to provide such assistance contemplated in this Section 5.9 to the extent that it would unreasonably interfere with the ordinary course operations of any Seller. 

5.10 Employee Benefits. 

(a) Except as set forth in Section 5.10(b) and (c), the Sellers or their ERISA Affiliates (not including the Company and its Subsidiaries)
shall, effective from and after the Closing Date, retain the sponsorship of, and all Liabilities and obligations under or relating to, any Employee Benefit Plan (other than any Company-Sponsored Benefit Plan) and each other compensation or benefit
plan, program, policy, agreement or arrangement (including as may arise under workers’ compensation Laws) at any time established, maintained, sponsored, administered or contributed to by the Sellers, or any of their ERISA Affiliates (other
than a Company-Sponsored Benefit Plan or any benefit plan established by the Company for the benefit of its employees post-Closing), regardless of when any such Liability or obligation arises, is incurred or is reported or disclosed, including
claims or other Liabilities or obligations related to current or former employees of the Company or its Subsidiaries under any health or welfare plan that is not a Company-Sponsored Benefit Plan. After the Closing, the current or former employees of
the Company (or their dependents or beneficiaries, as applicable), may continue to submit claims under such Employee Benefit Plans, incurred as of or prior to or as of the Closing Date, in accordance with the terms of such Employee Benefit Plans.

 (b) Effective as of the Closing Date or, with respect to the Employee Benefit Plans set forth on Schedule 5.10(b) (the
“Continuing Benefit Plans”) until December 31, 2012, all employees of the Company as of the Closing Date (the “Transferred Employees”) shall cease 

  
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to actively participate in any of Employee Benefit Plans other than the Company-Sponsored Benefit Plans (collectively, the “Seller Benefit Plans”). The benefits of such
Transferred Employees under the Seller Benefit Plans accrued prior to Closing shall be paid to the Transferred Employees in accordance with the terms of such plans. Notwithstanding anything in Section 5.10(a) to the contrary, the
Purchasers shall be responsible for and shall reimburse the Sellers for a pro-rata portion of the premiums paid by the Sellers or the cost of coverage allocated by Seller for such coverage (not including any portion of such premiums that have been
paid by Transferred Employees), at the rate in effect prior to the Closing as determined consistent with past practice, for coverage of the Transferred Employees under the Continuing Benefit Plans for the period in the month of December 2012 that
occurs after the Closing; provided that such amounts are not already reflected in Net Working Capital. 
 (c) The Purchasers shall, or shall
cause the Company or an Affiliate to, provide to each Transferred Employee, during his or her employment with the Company or its Affiliate full credit for such Transferred Employee’s service with the Sellers, the Company, or any of their
respective Affiliates prior to the Closing for purposes of determining eligibility to participate, vesting, and with respect to determining vacation or severance benefits only, determination of the level of benefits under any benefit plan (other
than any equity based arrangement or plan) in which such Transferred Employee participates on or after the Closing Date to the same extent recognized immediately prior to the Closing under any analogous Employee Benefit Plan, provided,
however, that such service shall not be recognized to the extent that such recognition would result in a duplication of benefits. During the one year period following the Closing Date, the Purchasers shall, or shall cause the Company or any
of their respective Affiliates to use commercially reasonable efforts to: (i) waive any limitation on health coverage of such Transferred Employees due to pre-existing conditions, waiting periods, active employment requirements, and
requirements to show evidence of good health under any applicable health plan of the Purchasers, the Company, or any their respective Affiliates to the extent such conditions, periods or requirements were waived for such Transferred Employee
immediately prior to the Closing under an analogous Employee Benefit Plan and (ii) credit each such Transferred Employee with all deductible payments, co-payments and co-insurance paid by such employee under any Employee Benefit Plan of the
Sellers, the Company, or any of their respective Affiliates prior to the Closing Date during the year in which the Closing occurs for the purpose of determining the extent to which any such employee has satisfied any applicable deductible and
whether such employee has reached the out-of-pocket maximum under the analogous benefit plan of the Purchasers, the Company or any of their respective Affiliates for such year. The Purchasers shall recognize and credit, and cause the Company and its
Affiliates to recognize and credit, the vacation days and paid time off accrued by such Transferred Employees prior to the Closing to the extent such vacation and paid time off is reflected in the Net Working Capital. 

(d) Without limiting the generality of the foregoing, the Sellers shall assume or retain responsibility for COBRA continuation coverage to any
M&A qualified beneficiaries (within the meaning of Treas. Reg. Section 54.4980B-9, Q/A-4) who experience a qualifying event on or prior to the Closing Date under any Employee Benefit Plan other than a Company-Sponsored Benefit Plan. 

  
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 (e) The Sellers and the Purchasers hereby agree that notwithstanding that each employee of the
Company shall remain an employee of the Company as of the Closing Date, any employee of the Company or its Subsidiaries who, prior to the Closing Date, incurred a disabling event as defined in any applicable Employee Benefit Plans that provide
short- and long-term disability benefits and, as of the Closing Date, is receiving or entitled to receive short- or long-term disability benefits under such a plan that is sponsored by the Sellers or their ERISA Affiliates that is not a
Company-Sponsored Benefit Plan shall continue to receive or be entitled to receive such disability benefits under such plan until the end of the benefit period described in such plan as determined by Sellers in their sole discretion. The Sellers,
the Company and the Purchasers shall reasonably cooperate and take all actions necessary to enable such plan to provide such disability benefits to such employees. 

(f) To the extent allowed under and in accordance with the terms of the Seller’s Savings Plan (which, for avoidance of doubt, Seller
shall use commercially reasonable efforts, which efforts shall not include amending the Seller’s Savings Plan, to cause to be allowed), each applicable employee shall be given the opportunity to receive a distribution of his or her account
balance (in cash, but also including any promissory notes for associated participant loans) from any Employee Benefit Plan that is a defined contribution plan intended to be qualified under Section 401(a) of the Code (“Sellers’
Savings Plan”) and elect to roll over such account into any defined contribution plan intended to qualify under Section 401(a) of the Code established by the Purchasers or the Company on or after the Closing Date
(“Purchasers’ Savings Plan”). Effective as soon as administratively practicable following the Closing Date, Purchasers shall or shall cause the Company or one of its Affiliates to, adopt for the benefit of the Transferred
Employees a Purchasers Savings Plan and following the adoption of such plan, Purchasers shall take all steps necessary to ensure that the Purchasers’ Savings Plan will accept “eligible rollover distributions” (as such term is defined
under Section 402(c)(4) of the Code), including any participant loans, from Sellers’ Savings Plan into such Purchasers’ Savings Plan with respect to the Transferred Employees. 

(g) Notwithstanding any other provision of this Agreement to the contrary, each of the Parties hereby acknowledges and agrees that all
provisions contained in this Section 5.10 are included for the sole benefit of the Parties and that nothing in this Agreement, whether express or implied, (i) shall be treated as an amendment or other modification or adoption of any
Employee Benefit Plan or other employee benefit plan, agreement or other arrangement, (ii) shall limit the right of the Parties and their respective Affiliates to amend, terminate or otherwise modify any Employee Benefit Plan or other employee
benefit plan, agreement or other arrangement following the Closing Date, or (iii) shall create any third party beneficiary or other right (x) in any other Person, including any current or former director, officer, employee or independent
contractor of any of the Company or any participant in any Employee Benefit Plan or other employee benefit plan, agreement or other arrangement (or any dependent or beneficiary thereof) or (y) to continued employment with the Company. 

(h) At or prior to the Closing Date, Canada Purchaser has offered to employ Natalie Desormeau (the “Canadian Employee”) on
terms and conditions that are comparable, in the aggregate, to the terms and conditions of the Canadian Employee’s employment applicable at the time of such offer of employment. Canada Purchaser shall provide to the Canadian Employee full
credit for such Canadian Employee’s service with Canada Seller for all purposes, including for the purposes of determining eligibility to participate, vesting, determining vacation, notice and severance benefits, and the level of benefits,
under any benefit plan. 

  
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 ARTICLE VI 

Definitions 
 For the
purposes of this Agreement, the following terms have the meanings set forth below: 
 “Accounting Firm” has the meaning set
forth in Section 1.1(b)(ii). 
 “Actual Adjustment” means (x) the Purchase Price as finally determined
pursuant to Section 1.1(b), minus (y) the Estimated Purchase Price. 
 “Adjusted Purchase Price”
has the meaning set forth in Section 1.4. 
 “Affiliate” of any particular Person means any other Person
controlling, controlled by or under common control with such particular Person, where “control” means the possession, directly or indirectly, of the power to direct the management and policies of a Person whether through the
ownership of voting securities, Contract or otherwise. 
 “Agreement” has the meaning set forth in the preamble to this
Agreement. 
 “Asset Allocation Schedule” has the meaning set forth in Section 5.7. 

“Assets” means, with respect to the Business, all businesses, properties, assets, machinery, equipment, furniture, fixtures,
Permits, goodwill and rights of the Sellers as a going concern, of every nature, kind and description, tangible and intangible (including Intellectual Property Rights), owned, licensed or leased, wheresoever located (whether in the United States,
Canada or otherwise) and whether or not carried or reflected on the books or records of such Person, primarily used, or held for use, in connection with the operation of the Business. 

“Assumed Liabilities” has the meaning set forth in Section 1.2. 

“Business” means the Sellers’ and their Subsidiaries’ business of designing, sourcing, marketing and distributing
Royal Robbins-branded apparel and related goods. 
 “Business Day” means any day that is not a Saturday, a Sunday or a day
on which banks are required to be closed in the State of New York. 
 “Canada Purchaser” has the meaning set forth in the
preamble to this Agreement. 
 “Canada Seller” has the meaning set forth in the preamble to this Agreement. 

“Canadian Employee” has the meaning set forth in Section 5.10(h). 

“Cash and Cash Equivalents” means an amount, which may be a negative number, equal to the sum of the fair market value
(expressed in United States dollars) of all cash and cash equivalents of the Company, calculated in accordance with GAAP and taking into account any outstanding or received, in each case not yet cashed, checks. 

  
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 “Change of Control” means: (i) the sale, lease, transfer, conveyance or
other disposition, in one or a series of related transactions, of all or substantially all the consolidated assets, of the Company and its Subsidiaries taken as a whole to any “person” (as such term is used in Section 13(d)(3) of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”)), (ii) the consummation of any transaction (including any merger or consolidation) the result of which is that any “person” (as defined above), other
than Bruckmann, Rosser, Sherrill & Co. Management L.P. and/or its Affiliates, becomes the beneficial owner (as determined in accordance with Rules 13d-3 and 13d-5 under the Exchange Act except that a Person will be deemed to have beneficial
ownership of all shares that such Person has the right to acquire, whether such right is exercisable immediately or only after the passage of time), directly or indirectly, of more than 50% of the voting securities of the Company, or (iii) the
Company ceases to be controlled (meaning, for the purposes hereof, the possession, directly or indirectly, of the power to direct the management and policies of a Person, whether through the ownership of voting securities, contract or otherwise),
directly or indirectly, by Bruckmann, Rosser, Sherrill & Co. Management L.P. and/or its Affiliates. 
 “Closing”
has the meaning set forth in Section 1.3. 
 “Closing Cash and Cash Equivalents” means the Cash and Cash
Equivalents as of immediately prior to the Closing. 
 “Closing Date” has the meaning set forth in Section 1.3.

 “Closing Date Indebtedness” means any Indebtedness of the Company as of immediately prior to the Closing. 

“Closing Payment Amount” means an amount equal to (i) the Estimated Purchase Price minus (ii) the Escrow Amount.

 “Code” means the United States Internal Revenue Code of 1986, as amended. 

“Company” has the meaning set forth in the recitals to this Agreement. 

“Company Intellectual Property Rights” has the meaning set forth in Section 3.14(b). 

“Company-Sponsored Benefit Plan” has the meaning set forth in Section 3.19(a). 

“Company Systems” has the meaning set forth in Section 3.14(e). 

“Company’s Knowledge” means the knowledge of Bob Orlando, Jud Taylor, Monica Smith, Loren White, Brandi Wilson and Casey
Hofmann after due inquiry and reasonable investigation. 
 “Conclusive EBITDA Statement” has the meaning set forth in
Section 1.4(b). 

  
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 “Confidential Information” means any information concerning the businesses and
affairs of the Business that is not already generally available to or otherwise known by the public (other than any such information that is generally available to or otherwise known by the public as a result of a breach by the Company, the Sellers
or any Representative thereof of any duty of confidentiality hereunder or otherwise). Notwithstanding the foregoing, “Confidential Information” does not include (a) information that any Seller can demonstrate was or has become
generally available to the public other than as a result of disclosure by any Seller or its Affiliates, (b) information that is independently developed by any Seller or its Affiliates (other than the Company prior to the Closing) without the
use of any Purchaser’s or its Affiliates’ or the Company’s Confidential Information, (c) information that was or becomes available to any Seller on a non-confidential basis from a source other than any Purchaser or the Company
(following the Closing), provided that to such Seller’s knowledge, such source is not prohibited from disclosing such information by a contractual, legal or fiduciary obligation to any Purchaser or the Company (following the Closing) or
(d) information used by any Seller or its Affiliates in any other business conducted by such Person. 
 “Consents” has
the meaning set forth in Section 2.1(b). 
 “Continuing Benefit Plans” has the meaning set forth in
Section 5.10(b). 
 “Contract” means any loan or credit agreement, note, bond, mortgage, indenture, lease,
sublease, purchase order or other binding agreement, arrangement or instrument. 
 “Disputed Items” has the meaning set
forth in Section 1.1(b)(ii). 
 “Earnout Amount” means an amount equal to lesser of (a) the product of
(i) the result of (A) the Pro Forma Adjusted EBITDA, minus, (B) $3,869,000, and (ii) 5.5, and (b) $3,500,000. 

“Earnout Cash” has the meaning set forth in Section 1.4(c). 

“EBITDA Statement” has the meaning set forth in Section 1.4(a). 

“EBITDA Statement Dispute Notice” has the meaning set forth in Section 1.4(b). 

“EBITDA Disputed Items” has the meaning set forth in Section 1.4(b). 

“Employee Benefit Plan” has the meaning set forth in Section 3.19(a). 

“Encumbrances” means any Liens, voting trusts, proxies, preemptive or similar rights, or restrictions of any kind. 

“Enterprise Value” means $23,500,000. 

“Environmental and Safety Requirements” means all federal, state, local and foreign Laws and all contractual obligations,
whenever enacted or in effect, in each case concerning public health or safety, worker health or safety, or pollution or protection of the environment. 

  
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 “Equity Interest” means any unit, share, capital stock, partnership, membership,
joint venture or similar interest in any Person, and any option, warrant, right or security (including debt securities) convertible, exchangeable or exercisable therefor. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

“ERISA Affiliate” means any Person that at any relevant time is or was considered a “single employer” with the
Sellers or the Company under Code §414(b), (c), (m) or (o) or ERISA §4001. 
 “Escrow Agent” has the
meaning set forth in Section 1.3(d). 
 “Escrow Amount” has the meaning set forth in
Section 1.3(d). 
 “Escrow Agreement” has the meaning set forth in Section 1.3(d). 

“Escrow Fund” means the Escrow Amount deposited into escrow pursuant to Section 1.3(d), plus any interest
accrued thereon. 
 “Estimated Purchase Price” has the meaning set forth in Section 1.1(a). 

“Example Statement of Net Working Capital” means the statement of the aggregate value of certain of the current assets of the
Company less the aggregate value of certain of the current liabilities of the Company, in each case, determined on a consolidated basis without duplication as of the close of business on October 31, 2012 and attached as Exhibit C
hereto. 
 “Financial Statements” has the meaning set forth in Section 3.6. 

“GAAP” means United States generally accepted accounting principles, in effect from time to time, applied on a consistent
basis. 
 “Governing Documents” means the legal document(s) by which any Person (other than an individual) establishes its
legal existence or which govern its internal affairs, together with all amendments thereto. For example, the “Governing Documents” of a corporation are its certificate of incorporation and by-laws or other similar incorporation documents,
the “Governing Documents” of a limited partnership are its certificate of limited partnership and limited partnership agreement and the “Governing Documents” of a limited liability company are its certificate of formation and its
operating agreement. 
 “Governmental Authority” means any foreign, federal, national, provincial, state, or municipal
government or other political subdivision thereof, or any entity exercising executive, legislative, judicial, regulatory or administrative functions of government, including any court, agency, department, division, commission, or tribunal, in each
case having jurisdiction over the Company. 
 “GST” has the meaning set forth in Section 7.3. 

  
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 “HST” has the meaning set forth in Section 7.3. 

“Improvements” has the meaning set forth in Section 3.24(f). 

“Indebtedness” means at a particular time, with respect to any Person, without duplication, (i) any obligations under
any indebtedness for borrowed money (including all principal, interest premiums, penalties, fees, expenses, indemnities and brokerage costs), (ii) any indebtedness evidenced by any note, bond, debenture or other debt security or similar
instrument, (iii) any obligations to pay the deferred purchase price of property or services, except trade accounts payable and other current liabilities arising in the Ordinary Course of Business, (iv) any indebtedness created or arising
under any conditional sale or other title retention agreement with respect to acquired property, (v) any obligations, contingent or otherwise, under acceptance credit, letters of credit or similar facilities, including any collateral
obligations with respect thereto to the extent drawn, (vi) any indebtedness pursuant to a guarantee or similar arrangement, (vii) any obligations under capitalized leases or with respect to which a Person is liable, contingently or
otherwise, as obligor, guarantor or otherwise or (viii) any obligations with respect to the termination of any interest rate hedging or swap agreements or similar arrangements (valued at the termination value thereof); provided that, for
the avoidance of doubt, “Indebtedness” shall not include any liability or obligation for Taxes. 
 “Insurance
Policies” has the meaning set forth in Section 3.17. 
 “Intellectual Property Rights” means any and
all intellectual property rights in any jurisdiction, including all (i) patents, patent applications and patent disclosures together with all reissues, continuations, continuations-in-part, divisionals, revisions, extensions or reexaminations
thereof, (ii) trademarks, service marks, trade dress, trade names, brands, slogans, logos, Internet domain names, and corporate names, all translations, adaptations, derivations, and combinations of the foregoing, and all applications,
registrations, and renewals in connection therewith, together with all of the goodwill associated with the foregoing (collectively, “Marks”), (iii) copyrights and other works of authorship (whether or not copyrightable),
including website content, and moral rights, and all applications, registrations, and renewals in connection therewith, (iv) software (including source code and object code, data, databases and documentation thereof), (v) trade secrets and
other confidential or proprietary information (including ideas, formulas, compositions, inventions (whether patentable or unpatentable and whether or not reduced to practice), know-how, processes, methods and techniques, research and development
information, pricing and cost information, industry analyses, drawings, specifications, designs, plans, proposals, industrial models, technical data, financial and accounting data, business and marketing plans and customer and supplier lists, any
login information or passwords necessary to access any marketing, advertising or promotional material posted on Facebook, LinkedIn, Twitter or other third party websites, and related information), (vi) rights of publicity and rights of privacy
(including rights to use the name, voice, likeness, signature and biographical information of real persons) (“Rights of Publicity”), and (vii) other intellectual property and proprietary rights. 

“Investment” as applied to any Person means (i) any direct or indirect purchase or other acquisition by such Person of
any notes, obligations, instruments, Equity Interests, securities or other ownership interest of any other Person and (ii) any capital contribution by such Person to any other Person. 

  
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 “Laws” means all statutes, laws, common law, codes, ordinances, regulations,
rules, orders, determinations, judgments, writs, injunctions, acts or decrees of any Governmental Authority. 
 “Leased Real
Property” has the meaning set forth in Section 3.24(b). 
 “Leasehold Improvements” means all
buildings, structures, improvements and fixtures constituting Leased Real Property which are owned by the Company, regardless of whether title to such buildings, structures, improvements or fixtures are subject to reversion to the landlord or other
third party upon the expiration or termination of the Real Property Lease for such Leased Real Property. 
 “Liability”
means any obligation or liability whether known or unknown, asserted or unasserted, absolute or contingent, accrued or unaccrued, liquidated or unliquidated and whether due or to become due, regardless of when asserted. 

“Lien” means any mortgage, pledge, security interest or lien (whether statutory or otherwise). For the avoidance of doubt,
“Lien” shall not be deemed to include any license of Intellectual Property Rights. 
 “Loss” means any loss,
Liability, cost, damage or expense, Tax, penalty, or fine, in each case whether or not arising out of Third Party claims, including interest, penalties, reasonable attorneys’, consultants’ and experts’ fees and expenses (including
such reasonable attorneys’, consultants’ and experts’ fees and expenses incurred in connection with the enforcement of a Party’s rights under this Agreement) and all amounts paid in investigation, defense or settlement of any of
the foregoing. 
 “Marks” has the meaning set forth in the definition of “Intellectual Property Rights”. 

“Material Adverse Effect” means any event, change, condition or effect that, individually or in the aggregate when taken
together with any other change, event, condition or effect, has or is reasonably likely to have a material adverse effect upon the condition (financial or otherwise), Assets, Liabilities, results of operations or business of the Business taken as a
whole or on the ability of the Sellers to consummate timely the transactions contemplated hereby other than changes, events, conditions or circumstances resulting from or relating to: (i) applicable economic or market conditions, including as
related to the industry in which the Business operates, (ii) the announcement of the transactions contemplated by this Agreement, (iii) (A) the execution of, compliance with the terms of this Agreement or (B) the consummation of
the transactions contemplated by this Agreement, (iv) any future change in accounting requirements or principles or any future change in applicable Laws or the interpretation thereof, (v) changes in national or international political or
social conditions, including the engagement by the United States or Canada in hostilities, whether or not pursuant to the declaration of national emergency or war, or the occurrence of any military or terrorist attack, or (vi) general financial
or capital market conditions, including interest rates or market prices, or changes 

  
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therein; provided, however, that with respect to the foregoing clauses (i), (iv), (v) and (vi), such matter shall only be excluded so long as, and to the extent that, such
matter does not have a materially disproportionate effect on the Business, taken as a whole, relative to other comparable businesses operating in the industry in which the Business operates. 

“Material Contracts” has the meaning set forth in Section 3.13(b). 

“Material Customers” has the meaning set forth in Section 3.23(a). 

“Material Suppliers” has the meaning set forth in Section 3.23(b). 

“Most Recent Balance Sheet” has the meaning set forth in Section 3.6. 

“Names” means “Royal Robbins” or any Mark that includes “Royal Robbins” and any variation or derivation
thereof and any other Marks related to the Business. 
 “Net Working Capital” means the aggregate value of the current
assets of the Company and certain current assets of Canada Seller determined in the manner as set forth on the Example Statement of Net Working Capital not including Cash and Cash Equivalents less the aggregate value of the current
liabilities of the Company and certain current liabilities of Canada Seller determined in the manner as set forth on the Example Statement of Net Working Capital, in each case, determined on a combined basis without duplication as of immediately
prior to the Closing calculated in accordance with GAAP and, to the extent consistent therewith, using the same practices, procedures and policies applied in preparing the Example Statement of Net Working Capital (including by (i) including
only current assets and current liabilities (excluding Cash and Cash Equivalents) to the extent that such assets and liabilities are of the type and kind included in the Example Statement of Net Working Capital and (ii) establishing levels of
reserves using the same practices, procedures and policies as such reserves were established in preparing the Example Statement of Net Working Capital). Notwithstanding anything to the contrary contained herein, in no event shall “Net Working
Capital” include any amounts with respect to Seller Expenses or Indebtedness, or any income Tax Assets or income Tax Liabilities (but shall, for purposes of clarity, include as a Liability, the excess, if any, of the aggregate current
non-income Tax Liabilities over the aggregate current non-income Tax Assets of the Company on a combined basis attributable to (x) any taxable period that ends on or prior to the Closing Date or (y) the portion of any taxable period which
includes (but does not end on) the Closing Date up to and including the Closing Date (excluding, for the avoidance of doubt, any deferred Tax Liabilities or deferred Tax Assets for purposes hereof)). 

“Net Working Capital Adjustment” means (i) the amount by which Net Working Capital exceeds $8,153,234 or (ii) the
amount by which Net Working Capital is less than $8,153,234, in each case, if applicable; provided that any amount which is calculated pursuant to clause (ii) above shall be deemed to be a negative number. 

“OFAC” has the meaning set forth in Section 3.26(e). 

“Order” means any judgment, award, decision, writ, decree, injunction, order, compliance agreement or settlement agreement of
or with any Governmental Authority or arbitrator. 

  
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 “Ordinary Course of Business” means the Company’s, or Canadian
Seller’s, as applicable, ordinary course of business consistent with past custom and practice (including with respect to quantity and frequency). 

“Owned Real Property” means all land, together with all buildings, structures, improvements and fixtures located thereon, and
all easements and other rights and interests appurtenant thereto, owned by the Company. 
 “Party” has the meaning set
forth in the preamble to this Agreement. 
 “Permit” means all permits, licenses, authorizations, registrations,
franchises, approvals, consents, certificates, variances and similar rights obtained, or required to be obtained, from any Governmental Authority. 

“Permitted Liens” means (i) Liens for Taxes or assessments and similar charges, which are not due and payable or are
being contested in good faith and by appropriate proceedings, so long as adequate reserves (as determined in accordance with GAAP) have been established on the Company’s books with respect thereto; (ii) Liens securing liabilities which are
reflected or reserved against in the Latest Balance Sheet to the extent so reflected or reserved, (iii) mechanic’s, materialmen’s, and similar Liens incurred in the ordinary course of business for amounts which are not yet due and
payable; (iv) purchase money Liens and Liens securing rental payments under capital lease arrangements; (v) Liens set forth on the attached Permitted Liens Schedule; (vi) Liens that will cease to exist upon the Closing; and
(vii) zoning, building codes and other land use Laws regulating the use or occupancy of real property or the activities conducted thereon which are imposed by any Governmental Authority which are not violated by the current use or occupancy of
such real property or the operation of the business. 
 “Person” means an individual, a sole proprietorship, 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 Authority or any department, agency or political subdivision thereof. 

“Policies” has the meaning set forth in Section 5.8. 

“Proceeding” means any action, application, suit, proceeding, complaint, charge, grievance, arbitration, mediation, hearing,
audit, inquiry or investigation before or by a Governmental Authority or arbitrator. 
 “Pro Forma Adjusted EBITDA” means,
with respect to the Company and the Transferred Assets, on a consolidated basis, the Pro Forma Adjusted EBITDA calculated using the same practices, procedures and policies used in calculating the Pro Forma Adjusted EBITDA for the twelve month period
ended as of the end of September 2012 as set forth on Exhibit D attached hereto (and including only the line items set forth thereon). 

“Proposed Closing Date Calculations” has the meaning set forth in Section 1.1(b)(i). 

  
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 “Purchase Price” means (i) the Enterprise Value, plus (ii) the
amount of Closing Cash and Cash Equivalents, plus (iii) the Net Working Capital Adjustment (which may be a negative number), minus (iii) the amount of Closing Date Indebtedness, minus (iv) the amount of Unpaid
Seller Expenses. 
 “Purchase Price Dispute Notice” has the meaning set forth in Section 1.1(b)(ii). 

“Purchaser” has the meaning set forth in the preamble to this Agreement. 

“Purchasers’ Savings Plan” has the meaning set forth in Section 5.10(f). 

“Real Property” has the meaning set forth in Section 3.24(c). 

“Real Property Leases” means all leases, subleases, licenses, concessions and other agreements (written or oral) pursuant to
which the Company holds any Leased Real Property, including the right to all security deposits and other amounts and instruments deposited by or on behalf of the Company thereunder. 

“Representatives” has the meaning set forth in Section 5.2. 

“Seller” has the meaning set forth in the preamble to this Agreement. 

“Seller Benefit Plans” has the meaning set forth in Section 5.10(b). 

“Seller Expenses” has the meaning set forth in Section 7.3. 

“Seller Note” has the meaning set forth in Section 1.4(c). 

“Sellers’ Savings Plan” has the meaning set forth in Section 5.10(f). 

“Senior Loan Agreement” means that certain Loan Agreement ,dated as of the date hereof, by and among Buyer, the Company, the
Agent (as defined therein) and the lenders and other Persons from time to time party thereto. 
 “Side Letter” has the
meaning set forth in the recitals to this Agreement. 
 “Subsidiary” means, with respect to any Person, any corporation,
limited liability company, partnership, association or other business entity of which (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the
election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of such Person or a combination thereof, or (ii) if a limited liability
company, partnership, association or other business entity, a majority of the partnership or other similar ownership interest thereof is at the time owned or controlled, directly or indirectly, by such Person or one or more Subsidiaries of such
Person or a combination thereof. 
 “Sun” has the meaning set forth in the recitals to this Agreement. 

  
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 “Tax” means all (i) federal, provincial, state or local taxes, assessments,
charges, duties, levies or other similar governmental charges of any nature, including all income, franchise, profits, capital gains, capital stock, transfer, sales, goods and services, harmonized sales, use, occupation, property, excise, severance,
windfall profits, stamp, stamp duty reserve, license, payroll, withholding, ad valorem, value added, alternative minimum, escheat, environmental, customs, social security (or similar), unemployment, sick pay, disability, registration and other
taxes, assessments, charges, duties, fees, levies or other similar governmental charges of any kind whatsoever, whether disputed or not, together with all estimated taxes, deficiency assessments, additions to tax, penalties and interest;
(ii) any Liability for the payment of any amount of a type described in clause (i) arising as a result of being or having been a member of any consolidated, combined, unitary or other group or being or having been included or required to
be included in any Tax Return related thereto; and (iii) any Liability for the payment of any amount of a type described in clause (i) or clause (ii) as a result of any obligation to indemnify or otherwise assume or succeed to the
Liability of any other Person. 
 “Tax Return” means any return, information report or filing with respect to Taxes,
including any schedule or attachment thereto and including any amendment thereof. 
 “Third Party” means any Person other
than one that is a party to this Agreement. 
 “Transaction Documents” means, collectively, this Agreement and all other
agreements and instruments contemplated hereby (including the Escrow Agreement). 
 “Transfer Taxes” has the meaning set
forth in Section 7.3. 
 “Transferred Assets” has the meaning set forth in the recitals to this Agreement. 

“Transferred Employees” has the meaning set forth in Section 5.10(b). 

“Transition Services Agreement” has the meaning set forth in the recitals to this Agreement. 

“Treasury Regulation” means the United States Treasury Regulations promulgated under the Code, and any reference to any
particular Treasury Regulation section shall be interpreted to include any final or temporary revision of or successor to that section regardless of how numbered or classified. 

“Units” has the meaning set forth in the recitals to this Agreement. 

“Unpaid Seller Expenses” means those Seller Expenses of the Company which have not been paid as of immediately prior to the
Closing. 
 “US Purchaser” has the meaning set forth in the preamble to this Agreement. 

“US Seller” has the meaning set forth in the preamble to this Agreement. 

  
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 ARTICLE VII 

General Provisions 
 7.1
Non-Survival of Representations and Warranties. The representations and warranties contained in this Agreement shall terminate at the Closing, it being acknowledged and agreed that this Section 7.1 shall not (a) limit any
covenant or agreement of the Parties which by its terms contemplates performance after the Closing, including those contained in Article V, or (b) limit any Party’s right to bring claims or seek recovery for intentional and knowing
fraud in connection with any such representation or warranty set forth in this Agreement. The Purchasers acknowledge and agree that the sole and exclusive remedy of the Purchasers and their Affiliates for any Losses arising out of or relating to
breaches of the representations and warranties made by the Sellers contained in this Agreement (other than with respect to intentional and knowing fraud in connection with any such representation or warranty), regardless of the legal theory under
which such liability or obligation may be sought to be imposed, whether sounding in contract or tort, or whether at law or in equity, or otherwise, shall be against the representation and warranty insurance policy, if any, maintained by the
Purchasers on the date hereof providing coverage with respect thereto, a copy of which shall be provided to Sellers on the date hereof. 

7.2 Waiver. Effective as of the Closing, each Seller hereby unconditionally and irrevocably acquits, remises, discharges and forever
releases the Company and all of its employees from any and all Liabilities, including those arising under any Law, Contract, arrangement, commitment or undertaking, whether written or oral, to the extent arising on or prior to the Closing (including
any intercompany receivables or payables booked against the Company or other similar items) or otherwise related to the transactions contemplated hereby; provided, that the provisions of this Section 7.2 shall not apply to the
rights of any Seller under (a) the Transaction Documents, (b) the indemnity provisions of the Governing Documents of the Company in effect immediately prior to the Closing or (c) any right to proceeds of any director or officer
insurance policy of the Company effective as of immediately prior to the Closing. Effective as of the Closing, the Company, Purchasers and their respective Affiliates hereby unconditionally and irrevocably acquits, remises, discharges and forever
releases the Sellers from any and all Liabilities, including those arising under any Law, Contract, arrangement, commitment or undertaking, whether written or oral, to the extent arising on or prior to the Closing (including any intercompany
receivables or payables booked against a Seller or other similar items) or otherwise related to the transactions contemplated hereby; provided, that the provisions of this Section 7.2 shall not apply to the rights of the Company
(or, for purposes of clarity, the Purchasers and their Affiliates) under the Transaction Documents or with respect to intentional and knowing fraud in connection with any representation or warranty set forth in this Agreement. 

7.3 Fees and Expenses. The Purchasers shall be responsible for all costs and expenses incurred by the Purchasers in connection with the
negotiation, preparation and execution of the Transaction Documents and the consummation of the transactions contemplated thereby; provided, that the Company may make payments in respect of such costs and expenses on behalf of the Purchasers
using proceeds provided to the Company by the Purchasers. The Sellers shall be responsible for all costs and expenses incurred by the Sellers and the Company in connection with the negotiation, preparation and execution of the Transaction Documents
and the consummation of the transactions contemplated thereby, including (i) any legal, accounting, 

  
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financial advisory and other advisory, transaction or consulting fees and expenses, (ii) any brokerage or similar fees, (iii) all transaction, success, change of control or similar
payments or bonuses payable to employees, directors or consultants of the Sellers as a result of the transactions contemplated hereby, (iv) any amounts payable in connection with the termination of the Contracts listed on Schedule 3.22,
(v) all costs and expenses arising from, relating to or in connection with obtaining the Consents and (vi) $100,000 to be paid in connection with that certain representation and warranty insurance policy relating to the transactions
contemplated by this Agreement (collectively, the “Seller Expenses”). All sales and transfer taxes, deed taxes, conveyance fees, recording charges and similar taxes, fees and charges imposed in connection with the transfer of the
Units and Transferred Assets (collectively, the “Transfer Taxes”), together with any interest, penalties or additions to such Transfer Taxes shall be paid one-half by the Sellers and one-half by the Purchasers, except for applicable
goods and services tax (the “GST”) and harmonized sales tax (the “HST”) with respect to the transfer of the Transferred Assets, which shall be paid entirely by Canada Purchaser to Canada Seller. Canada Purchaser
shall pay the GST and HST to Canada Seller at the Closing in addition to and based on the portion of the Closing Payment Amount paid to Canada Seller as allocated to the applicable Transferred Assets, which Canada Seller shall remit to the
applicable Governmental Authority. The Parties shall cooperate in timely making all filings, returns, reports and forms as necessary or appropriate to comply with the provisions of all applicable Laws in connection with the payment of such Transfer
Taxes, and shall cooperate in good faith to minimize, to the fullest extent possible under such Laws, the amount of any such Transfer Taxes payable in connection therewith. 

7.4 Remedies. Any Person having any rights under any provision of this Agreement shall be entitled to enforce such rights specifically
(without posting a bond or other security). One or more successive actions may be brought against any Party, either in the same action or in separate actions, as often as another Party deems advisable, until all of the obligations to such Person are
paid and performed in full. 
 7.5 Consent to Amendments; Waivers. This Agreement may be amended, or any provision of this Agreement
may be waived upon the approval, in a writing, executed by the Parties. No course of dealing between or among the Parties shall be deemed effective to modify, amend or discharge any part of this Agreement or any rights or obligations of any such
Party or such holder under or by reason of this Agreement. 
 7.6 Successors and Assigns. This Agreement and all covenants and
agreements contained herein and rights, interests or obligations hereunder, by or on behalf of any of the Parties, shall bind and inure to the benefit of the respective successors and permitted assigns of the Parties whether so expressed or not,
except that neither this Agreement nor any of the covenants and agreements herein or rights, interests or obligations hereunder may be assigned or delegated by any Seller, without the prior written consent of the Purchasers, and neither this
Agreement nor any of the covenants and agreements herein or rights, interests or obligations hereunder may be assigned or delegated by the Purchasers, without the prior written consent of the Sellers. Notwithstanding the foregoing, the Purchasers
may, without the prior written consent of the Sellers, (a) assign their rights, but not their obligations, under this Agreement to any of their financing sources and (b) assign any or all of their rights to any third-party who subsequently
purchases all or substantially all of the then existing Assets of the 

  
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Company in a single transaction or series of related transactions; provided, that a merger or sale of Equity Interests of the Company shall not be deemed to be an assignment by operation
of Law. Any attempted assignment in violation of this Section 7.6 shall be void ab initio.  
 7.7 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 or the application of any such provision to any Person or circumstance
shall be held to be prohibited by, illegal or unenforceable under any applicable Law in any respect by a court of competent jurisdiction, such provision shall be ineffective only to the extent of such prohibition, illegality or unenforceability,
without invalidating the remainder of such provision or the remaining provisions of this Agreement. 
 7.8 Counterparts; Facsimile
Signatures. This Agreement may be executed in one or more counterparts, any one of which need not contain the signatures of more than one Party, but all such counterparts taken together will constitute one and the same instrument. Counterpart
signatures to this Agreement delivered by facsimile or other electronic transmission shall be acceptable and binding. 
 7.9 Descriptive
Headings; Interpretation. The title of and the section and paragraph headings in this Agreement are for convenience of reference only and shall not govern or affect the interpretation of any of the terms or provisions of this Agreement. The term
“this Agreement” means this Agreement together with all Schedules and Exhibits hereto, as the same may from time to time be amended, modified, supplemented or restated in accordance with the terms hereof. The use in this Agreement of the
term “including” and other words of similar import mean “including, without limitation” and where specific language is used to clarify by example a general statement contained herein, such specific language shall not be deemed to
modify, limit or restrict in any manner the construction of the general statement to which it relates. The use in this Agreement of the phrases “related to the Business” and “relating to the Business” mean “primarily related
to the Business” and “primarily relating to the Business”. The words “herein,” “hereof,” “hereunder” and other words of similar import refer to this Agreement as a whole, including the Schedules and
Exhibits, and not to any particular section, subsection, paragraph, subparagraph or clause contained in this Agreement. The words “Section”, “Schedule” and “Exhibits” mean Section, Schedule and Exhibit of this
Agreement, as in each case the context may require or permit. The use herein of the masculine, feminine or neuter forms shall also denote the other forms, as in each case the context may require or permit. The use herein of terms importing the
singular shall also include the plural, and vice versa. All references to “dollars” or “$” shall be deemed references to the lawful money of the United States of America, all references to “C$” shall be deemed
references to the lawful money of Canada, and any amounts denominated in currency other than the lawful money of the United States of America on any date of determination shall be deemed to be the equivalent in dollars of such currency determined by
using the prevailing foreign exchange rate provided by OANDA Corporation (or it not, as quoted on a similar service) at 9:00 a.m. New York time on such date. 

7.10 Entire Agreement. This Agreement and the other agreements and documents referred to herein contain the entire agreement and
understanding among the Parties with respect to the subject matter hereof and supersede all prior agreements and understandings, whether written or oral, relating to such subject matter in any way, including that certain letter

  
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agreement dated as of October 17, 2012 by and between US Seller and Bruckmann, Rosser, Sherrill & Co. Management, L.P., which shall terminate and be of no further force or effect as
of the Closing Date. 
 7.11 No Third-Party Beneficiaries. This Agreement is for the sole benefit of the Parties and their permitted
successors and assigns and nothing herein expressed or implied shall give or be construed to give any Person, other than the Parties and such permitted successors and assigns, any legal or equitable rights hereunder. 

7.12 Schedules and Exhibits. All Schedules and Exhibits attached hereto or referred to herein are hereby incorporated in and made a
part of this Agreement as if set forth in full herein. 
 7.13 Governing Law. All issues and questions concerning the construction,
validity, enforcement and interpretation of this Agreement shall be governed by, and construed in accordance with, the Laws of the State of Delaware without giving effect to any choice of law or conflict of law rules or provisions (whether of the
State of Delaware or any other jurisdiction) that would cause the application of the Laws of any jurisdiction other than the State of Delaware. In furtherance of the foregoing, the internal Law of the State of Delaware shall control the
interpretation and construction of this Agreement, even though under that jurisdiction’s choice of law or conflict of law analysis, the substantive Law of some other jurisdiction would ordinarily apply. 

7.14 Notices. All notices, claims or other communications to be given or delivered under or by reason of the provisions of this
Agreement shall be in writing and shall be deemed to have been given when delivered personally to the recipient or when sent by facsimile or e-mail (in each case, upon electronic confirmation of receipt thereof), or one day after being sent to the
recipient by reputable overnight courier service (charges prepaid). Such notices, claims and other communications shall be sent to the Parties at the addresses indicated below or to such other address or to the attention of such other Person as the
recipient party has specified by prior written notice to the sending party. All notices, claims and other communications hereunder may be given by any other means (including telecopy or electronic mail), but shall not be deemed to have been duly
given unless and until it is actually received by the intended recipient. 
 To any Seller: 

Kellwood Company 
 600 Kellwood
Parkway 
 Chesterfield, MO 63017 

Attn: Keith A. Grypp 
 Fax:
(314) 576-3388 
 Email: keith.grypp@kellwood.com 

and 

  
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 Sun Capital Partners, Inc. 

5200 Town Center Circle, Suite 600 

Boca Raton, FL 33486 
 Attn:
    C. Deryl Couch, Jason H. Neimark and Brian McGee 
 Fax:      (561) 394-0540 

Email:  dcouch@suncappart.com 

jneimark@suncappart.com 

bmcgee@suncappart.com 
 with a
copy to (which shall not constitute notice to any Seller): 
 Kirkland & Ellis LLP 

300 North LaSalle 
 Chicago, IL
60654 
 Attn:     Jeremy S. Liss 

Corey D. Fox 
 Fax:
     (312) 862-2200 
 Email:  jeremy.liss@kirkland.com 

corey.fox@kirkland.com 
 To any
Purchaser or the Company: 
 c/o Bruckmann, Rosser, Sherrill & Co. Management, L.P. 

126 E. 56th Street 
 New York,
NY 10022 
 Attn:     Frank D. Scrudato 

Tory O. Rooney 
 Fax:
     (212) 521-3799 
 Email:  fs@brs.com 

tor@brs.com 
 with copies to
(which shall not constitute notice to the Purchasers or the Company): 
 Kirkland & Ellis LLP 

601 Lexington Avenue 
 New York,
NY 10022 
 Attn:     Leo Greenberg 

Fax:      (212) 446-6460 

Email:  leo.greenberg@kirkland.com 

7.15 Waiver of Jury Trial. EACH OF THE PARTIES WAIVES ANY RIGHT IT MAY HAVE TO TRIAL BY JURY IN RESPECT OF ANY PROCEEDING BASED ON,
ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREBY OR ANY COURSE OF CONDUCT, COURSE OF DEALING, VERBAL OR WRITTEN STATEMENT OR ACTION OF ANY PARTY. 

  
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 7.16 No Strict Construction. The Parties have participated jointly in the negotiation and
drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the Parties, and no presumption or burden of proof shall arise favoring or disfavoring
any Party by virtue of the authorship of any of the provisions of this Agreement. 
 7.17 Jurisdiction. Each of the Parties submits
to the exclusive jurisdiction and venue of any state or federal court sitting in the state of Delaware, in any Proceeding arising out of or relating to this Agreement and agrees that all claims in respect of the Proceedings may be heard and
determined in any such court and hereby expressly submits to the personal jurisdiction and venue of such court for the purposes hereof and expressly waives any claim of improper venue and any claim that such courts are an inconvenient forum. Each of
the Parties hereby irrevocably consents to the service of process of any of the aforementioned courts in any such suit, action or proceeding by the mailing of copies thereof by registered or certified mail, postage prepaid, to its address set forth
in Section 7.14, such service to become effective ten (10) days after such mailing. 
 7.18 Independence of Agreements,
Covenants, Representations and Warranties. All agreements and covenants hereunder shall be given independent effect so that if a certain action or condition constitutes a default under a certain agreement or covenant, the fact that such action
or condition is permitted by another agreement or covenant shall not affect the occurrence of such default, unless expressly permitted under an exception to such initial covenant. In addition, all representations and warranties hereunder shall be
given independent effect so that if a particular representation or warranty proves to be incorrect or is breached, the fact that another representation or warranty concerning the same or similar subject matter is correct or is not breached will not
affect the incorrectness of or a breach of a representation and warranty hereunder. 
 7.19 Acknowledgement by the Purchasers. 

(a) Each Purchaser acknowledges that it has conducted to its satisfaction an independent investigation and verification of the financial
condition, results of operations, assets, liabilities, properties and projected operations of the Company and the Transferred Assets, and, in making its determination to proceed with the transactions contemplated by this Agreement, the Purchasers
have relied on the results of their own independent investigation and verification and the representations and warranties expressly and specifically set forth in Article III, as qualified by the Schedules. The representations and warranties
expressly and specifically set forth in Article III and the other documents and agreements referenced herein constitute the sole and exclusive representations, warranties, and statements of any kind of any of the Sellers and all other Persons
to the Purchasers in connection with the transactions contemplated hereby, and the Purchasers understand, acknowledge and agree that all representations, warranties, and statements of any kind or nature expressed or implied (including any relating
to the future or historical financial condition, results of operations, prospects, projections, assets or liabilities of the Company or the Transferred Assets, or the quality, quantity or condition of the Company or

  
 - 52 - 

 
the Transferred Assets and the information contained in any “data room”) other than those specifically set forth in Article III and the other documents and agreements referenced
herein are specifically disclaimed by the Sellers. None of the Sellers or any other Person make or provide, and the Purchasers waive, any warranty or representation, express or implied, as to the quality, merchantability, fitness for a particular
purpose, conformity to samples, or condition of the Company or the Assets or any part thereof other than those specifically set forth in Article III and the other documents and agreements referenced herein. THE PURCHASERS SPECIFICALLY
ACKNOWLEDGE AND AGREE THAT, EXCEPT FOR THE REPRESENTATIONS AND WARRANTIES SET FORTH IN Article III AND THE OTHER DOCUMENTS AND AGREEMENTS REFERENCED HEREIN, THE PURCHASERS ARE ACQUIRING THE UNITS AND THE TRANSFERRED ASSETS ON AN “AS IS,
WHERE IS” BASIS AND NONE OF THE SELLERS NOR ANY OTHER PERSON (INCLUDING, ANY EQUITYHOLDER, OFFICER, DIRECTOR, MANAGER, EMPLOYEE OR AGENT OF ANY OF THE FOREGOING, WHETHER IN ANY INDIVIDUAL, CORPORATE OR ANY OTHER CAPACITY) IS MAKING, AND NEITHER
OF THE PURCHASERS IS RELYING ON, ANY REPRESENTATIONS, WARRANTIES, OR OTHER STATEMENTS OF ANY KIND WHATSOEVER, WHETHER ORAL OR WRITTEN, EXPRESS OR IMPLIED, STATUTORY OR OTHERWISE, AS TO ANY MATTER CONCERNING THE COMPANY, UNITS, TRANSFERRED ASSETS,
THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY, OR THE ACCURACY OR COMPLETENESS OF ANY INFORMATION PROVIDED TO (OR OTHERWISE ACQUIRED BY) THE PURCHASERS OR ANY OF THE PURCHASER’S REPRESENTATIVES. The Purchasers and their Affiliates
acknowledge and agree that their sole and exclusive remedy against any Seller or any of their Affiliates and any equityholder, officer, manager, director, employee or agent of any of the foregoing, whether in any individual, corporate or any other
capacity, with respect to any and all claims (other than claims for intentional and knowing fraud) relating (directly or indirectly) to the subject matter of this Agreement or the transactions contemplated hereby, regardless of the legal theory
under which such liability or obligation may be sought to be imposed, whether sounding in contract or tort, or whether at law or in equity, or otherwise, shall be an action for a contractual breach of the express terms hereof and of the other
documents and agreements referenced herein; it being agreed and understood that, for the avoidance of doubt, the sole and exclusive remedy of the Purchasers and their Affiliates for any Losses arising out of or relating to breaches of the
representations and warranties made by the Sellers contained in this Agreement (other than with respect to intentional and knowing fraud in connection with any such representation and warranty), regardless of the legal theory under which such
liability or obligation may be sought to be imposed, whether sounding in contract or tort, or whether at law or in equity, or otherwise, shall be against the representation and warranty insurance policy, if any, maintained by the Purchasers on the
date hereof providing coverage with respect thereto, a copy of which shall be provided to Sellers on the date hereof. 

*    *    *    *    * 

  
 - 53 - 

 IN WITNESS WHEREOF, the Parties have executed this Purchase Agreement on the date first written
above. 
  

			
	KELLWOOD COMPANY
		
	By:	 	 /s/ Michael M. Saunders

	Name:	 	Michael M. Saunders
	Title:	 	SVP AND COO
	
	CANADIAN RECREATION PRODUCTS INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	RR CANADA, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	RR ACQUISITION CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Purchase Agreement] 

 IN WITNESS WHEREOF, the Parties have executed this Purchase Agreement on the date first written
above. 
  

			
	KELLWOOD COMPANY
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	CANADIAN RECREATION PRODUCTS INC.
		
	By:	 	 /s/ Casandra Hofmann

	Name:	 	Casandra Hofmann
	Title:	 	CFO
	
	RR CANADA, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	RR ACQUISTION CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Purchase Agreement] 

 IN WITNESS WHEREOF, the Parties have executed this Purchase Agreement on the date first written
above. 
  

			
	KELLWOOD COMPANY
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	CANADIAN RECREATION PRODUCTS INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	RR CANADA, INC.
		
	By:	 	 /s/ Frank D. Scrudato

	Name:	 	Frank D. Scrudato
	Title:	 	President
	
	RR ACQUISTION CORPORATION
		
	By:	 	 /s/ Frank D. Scrudato

	Name:	 	Frank D. Scrudato
	Title:	 	President

 EXHIBIT B 

RR TRANSFERRED ASSETS 
 See
attached. 

 Exhibit A 

[On file with the Company] 

 EXHIBIT C 

PHAT FASHIONS PURCHASE AGREEMENT 

See attached. 

 EXECUTION VERSION 
  

 
 PURCHASE AGREEMENT 

between 
 PHAT FASHIONS,
LLC, as Seller, 
 and 

BABY PHAT HOLDING COMPANY, LLC, as Purchaser 

Dated as of December 11, 2012 
  

 

 EXHIBITS AND SCHEDULES 

 

			
	 Schedule A
	  	Transferred Contracts
		
	 Schedule B
	  	Transferred Trademarks
		
	 Schedule C
	  	Transferred Domain Names
		
	 Schedule D
	  	Disclosures
		
	 Schedule 3.3(c)
	  	Consents
		
	 Schedule 4.8
	  	Absence of Conflicts
		
	 Schedule 4.9
	  	Financial Information

 PURCHASE AGREEMENT 

THIS PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of December 11, 2012 (the
“Effective Date”) by and between Phat Fashions, LLC, a New York limited liability company having a principal place of business at 600 Kellwood Parkway, Chesterfield, MO 63017 (“Seller”), and Baby Phat Holding
Company, LLC, a New York limited liability company having a principal place of business at 1400 Broadway, Suite 1405, New York, NY 10018 (“Purchaser”) (each, a “Party” and collectively, the
“Parties”). 
 WHEREAS, Seller desires to sell, assign and transfer its right, title and interest to the Purchased
Assets (as that term is defined below) to Purchaser based on the terms and conditions herein; and  
 WHEREAS, Purchaser
desires to acquire Seller’s right, title and interest to the Purchased Assets, based on the terms and conditions herein. 
 NOW,
THEREFORE, in consideration of the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows. 

ARTICLE 1 
 DEFINITIONS

 Terms used herein with initial capitals shall have the meanings in this Article 1. 

1.1 “Affiliate” of any particular Person means any other Person controlling, controlled by or under common control with such
particular Person, where “control” means the possession, directly or indirectly, of the power to direct the management and policies of a Person whether through the ownership of voting securities, by contract or otherwise. 

1.2 “Assumed Liabilities” has the meaning given to such term in Section 2.2. 

1.3 “Business Day” means any day other than a Saturday, Sunday or a day on which banks in New York City, United States of
America are authorized or obligated by applicable law to close. 
 1.4 “Change in Control” means the occurrence of any of
the following events: (a) a Person becomes the beneficial owner, directly or indirectly, of securities of any other Person representing fifty percent (50%) or more of the total voting power represented by such other Person’s then
outstanding voting securities; (b) the consummation of the sale or disposition by a Person of all or substantially all of the Person’s assets; or (c) the consummation of a merger or consolidation of a Person with any other
corporation, other than a merger or consolidation which would result in the voting securities of the Person outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities
of the surviving entity or its parent) at least fifty percent (50%) of the total voting power represented by the voting securities of the Person or such surviving entity or its parent outstanding immediately after such merger or consolidation.

 1.5 “Closing” has the meaning set forth in Section 3.1. 

1.6 “Closing Date” has the meaning set forth in Section 3.1. 

1.7 “Effective Date” has the meaning set forth in the Preamble. 

1.8 “Encumbrance” means any lien, pledge, mortgage, security interest, option, right of first refusal, transfer restriction,
collateral assignment, levy, escrow, conditional sale contract, title retention contract, indenture, or security agreement; provided, that, the definition of Encumbrance excludes the Transferred Contracts and liens for taxes not yet
due and payable. 
 1.9 “Governmental Entity” means any federal, state, provincial, local, municipal, foreign or other
governmental or quasi-governmental authority of any nature (including any governmental division, department, agency, commission, instrumentality, official, organization, unit, body or entity and any court or other tribunal). 

1.10 “Indemnified Party” has the meaning given to such term in Section 7.3. 

1.11 “Indemnifying Party” has the meaning given to such term in Section 7.3. 

1.12 “Knowledge” means the actual knowledge of Keith Grypp or Dassine Hammoudi. 

1.13 “Loss” means, subject to Section 7.5, all claims, losses, liabilities, damages, fines, penalties, interest,
amounts payable as indemnity obligations, and all related costs and expenses, including reasonable legal and attorneys’ fees and disbursements. 

1.14 “Person” means any corporation, partnership, joint venture, limited liability company, organization, entity, authority
or natural person, including each of the Parties. 
 1.15 “Purchase Price” has the meaning given to such term in
Section 2.3. 
 1.16 “Purchased Assets” means the Transferred Trademarks, the Transferred Domain Names, the
Transferred Contracts and originals or copies of all of Seller’s files and documentation specifically and exclusively regarding all of the foregoing assets. 

1.17 “Purchaser” has the meaning given to such term in the Preamble. 

1.18 “Purchaser Indemnitees” has the meaning given to such term in Section 7.1. 

1.19 “Representative” means, with respect to either Party, any of such Party’s directors, officers, managers, members,
employees, attorneys, accountants, brokers, finders, investment bankers and other agents. 
 1.20 “Retained Liabilities”
means any and all claims, losses, liabilities, damages, fines, penalties, interest, amounts payable as indemnity obligations, out-of-pocket costs and expenses due to third parties, and all related costs and expenses (including legal and
attorneys’ fees and disbursements) relating to the Purchased Assets and arising or accruing before or in the twelve (12) months immediately after the Closing Date with respect to any actions or omissions (except for Purchaser’s
actions or omissions) occurring solely before the Closing Date. 

  
 2 

 1.21 “Seller” has the meaning given to such term in the Preamble. 

1.22 “Seller Indemnitees” has the meaning given to such term in Section 7.2. 

1.23 “Tax” means (a) all federal, state or local taxes, charges or other assessments, including all net income, gross
receipts, capital, sales, use, ad valorem, value added, goods and services, transfer, franchise, profits, inventory, capital stock, license, withholding, payroll, employment, social security, unemployment, excise, severance, stamp,
occupation, property and estimated taxes and (b) all interest, penalties, fines, additions to tax or additional amounts imposed by any Tax Authority in connection with any item described in clause (a) of this Section 1.23. 

1.24 “Tax Authority” means any Governmental Entity, instrumentality or employee thereof, charged with the administration of
any law relating to Taxes. 
 1.25 “Tax Return” means any return, declaration, report, claim for refund, or information
return or statement relating to Taxes, including any schedule or attachment thereto, and including any amendment thereof. 
 1.26
“Term” has the meaning given to such term in Section 8.1. 
 1.27 “Transferred Contracts”
means only the agreements specifically set forth on Schedule A attached hereto. 
 1.28 “Transferred Domain Names”
means only the internet domain names specifically set forth on Schedule C attached hereto. 
 1.29 “Transferred
Trademarks” means only the trademark registrations and applications specifically set forth on Schedule B attached hereto, including the goodwill associated directly with the Transferred Trademarks and the right to sue for past,
present and future infringements thereof. 
 ARTICLE 2 

PURCHASE AND SALE OF ASSETS 

2.1 Purchase of Purchased Assets. On the Closing Date, pursuant to the terms and subject to the conditions of this Agreement, Seller
shall sell, assign and transfer to Purchaser all of its right, title and interest in and to the Purchased Assets. Title to and ownership of the Purchased Assets shall transfer to and vest with Purchaser solely upon Seller’s receipt of the
Purchase Price in its full amount in accordance with Sections 2.3 and 2.4. 
 2.2 Assumption of Liabilities. On the
Closing Date, pursuant to the terms and subject to the conditions of this Agreement, Purchaser shall assume and hereby agrees to pay, perform and discharge when due any and all claims, losses, liabilities, damages, fines, penalties, interest,
amounts payable as indemnity obligations, and all related costs and expenses (including legal 

  
 3 

 
and attorneys’ fees and disbursements) relating to the Purchased Assets and arising on or after the Closing Date with respect to any actions or omissions occurring on or after the Closing
Date (collectively, the “Assumed Liabilities”). 
 2.3 Purchase Price. The aggregate purchase price for the
Purchased Assets shall be an amount equal to FIVE MILLION THREE HUNDRED FIFTY THOUSAND AND 00/100 DOLLARS ($5,350,000.00)
(the “Purchase Price”) payable as follows: 
 (a) FIVE HUNDRED THOUSAND
AND 00/100 DOLLARS ($500,000.00) (the “Deposit”) on the Effective Date payable in accordance with Section 2.4 below; and 

(b) FOUR MILLION EIGHT HUNDRED FIFTY THOUSAND
AND 00/100 DOLLARS ($4,850,000.00) (the “Closing Purchase Price”) on the Closing Date payable in accordance with Section 2.4 below. 

2.4 Payment Method. The Purchase Price shall not be adjusted for inflation/deflation, currency, Tax, or any other reason, except as
specifically set forth in Section 7.9, and each Party shall be entirely responsible for its own Taxes incurred in connection with this Agreement, including any transfer, sales, income, use, withholding, and registration taxes and any
penalties and interest thereon. The Purchase Price is irrevocable and non-refundable, and Purchaser hereby acknowledges that, without limiting any indemnification obligations of Seller as required by this Agreement, except as otherwise set forth in
Article 8 with respect to the Deposit, Purchaser shall not be entitled to any kind of refund of any portion of the Purchase Price under any circumstance. Purchaser shall pay and deliver to Seller the Purchase Price in accordance with and at
the times set forth in Section 2.3 cash by electronic wire transfer of immediately available funds for delivery, deposit and receipt in the following bank account (or any other bank account that Seller designates in writing): 

 

			
	 Beneficiary Bank:
	  	 [On file with the Company]

	 Bank Address:
	  	
	 Acct #
	  	
	 ABA #
	  	
	 Beneficiary:
	  	

 ARTICLE 3 

CLOSING AND DELIVERIES 

3.1 Closing. The consummation of the transactions, other than payment of the Deposit, contemplated hereby (the
“Closing”) shall take place on a date mutually acceptable to Seller and Purchaser (the “Closing Date”), provided that it shall be no later than January 15, 2013, at the offices of Gordon, Herlands,
Randolph & Cox LLP, 355 Lexington Avenue, 10th Floor, New York, NY 10017 or such other place as agreed to by the parties. 

  
 4 

 3.2 Closing Deliveries. 

(a) Payment of the Closing Purchase Price. At the Closing, Purchaser shall pay to Seller the Closing Purchase Price by wire transfer of
immediately available funds in accordance with instructions provided by Seller. 
 3.3 Conditions to Purchaser’s Obligations.
The obligations of the Purchaser to complete the Closing are contingent upon the fulfillment of each of the following conditions on or before the Closing Date, except to the extent that the Purchaser may, in its absolute discretion, waive any one or
more thereof in whole or in part: 
 (a) Financing. Purchaser shall have received financing for the transaction pursuant to
terms and conditions and subject to agreements and other requirements in each case reasonably acceptable to Purchaser. 
 (b)
Bringdown. The representations and warranties of Seller set forth in this Agreement shall be materially true and correct on the Closing Date with the same force and effect as though made on the Closing Date; all terms, covenants and
conditions to be complied with and performed by Seller under the Agreement on or before the Closing Date shall have been materially complied with and materially performed; and Seller shall have delivered to Purchaser at Closing certificates, dated
the Closing Date, to such effect; provided, that neither the winding down of Seller’s wholesale business nor the effects of such winding down shall be considered to cause any of the representations and warranties set forth in this
Agreement not to be materially true and correct. 
 (c) Consents. Seller shall have received the third-party consents set forth on
Schedule 3.3(c). 
 (d) No Material Adverse Change. There shall not have been any material adverse change (as defined under
Delaware law) in the business of the Seller taken as a whole since the date of this Agreement; provided, that neither the winding down of Seller’s wholesale business nor the effects of such winding down shall be considered a material
adverse change. 
 (e) No Adverse Proceedings. No action, suit or proceeding before any court or any governmental or regulatory
authority shall have been commenced, no investigation by any governmental or regulatory authority shall have been commenced, and no action, suit or proceeding by any governmental or regulatory authority shall have been threatened, against any of the
parties to this Agreement, or any of the principals, officers or directors or any of them, or any of the Assets where an unfavorable judgment with respect thereto would prevent, rescind or declare unlawful the transactions contemplated hereby. 

(f) Certificates of Status. Purchaser shall have received a certificate of status or similar certificate for Seller from the State of
New York and from each other state in which Seller is qualified to do business. 
 3.4 Conditions to Sellers Obligations. The
obligations of Seller to complete the Closing are contingent upon the fulfillment of each of the following conditions on or before the Closing Date, except to the extent that Seller may, in their absolute discretion, waive any one or more thereof in
whole or in part. 

  
 5 

 (a) Bringdown. The representations and warranties of Purchaser set forth in this Agreement
shall be materially true and correct on the Closing Date with the same force and effect as though made on the Closing Date; all terms, covenants and conditions to be complied with and performed by Purchaser under this Agreement on or before the
Closing Date shall have been materially complied with and materially performed; and Purchaser shall have delivered to Seller at Closing a certificate, dated the Closing Date, to such effect. 

(b) No Adverse Proceedings. No action, suit or proceeding before any court or any governmental or regulatory authority shall have been
commenced, no investigation by any governmental or regulatory authority shall have been commenced, and no action, suit or proceeding by any governmental or regulatory authority shall have been threatened, against any of the parties to this
Agreement, or any of the principals, officers or directors or any of them, or any of the Assets where an unfavorable judgment with respect thereto would prevent, rescind or declare unlawful the transactions contemplated hereby. 

ARTICLE 4 

REPRESENTATIONS AND WARRANTIES OF SELLER 

Seller represents and warrants to Purchaser that the statements contained in this Article 4 are correct and complete as of the
Effective Date and the Closing Date, except as noted otherwise. 
 4.1 Organization. Seller is a limited liability company validly
existing and in good standing under the laws of its jurisdiction of formation. 
 4.2 Authority. Solely as of the Closing Date, the
execution, delivery and performance by Seller of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary action on the part of Seller and do not and will not violate any provisions of
its organizational documents. Assuming that this Agreement is a valid and binding obligation of Purchaser, this Agreement constitutes a valid and binding agreement of Seller, enforceable against Seller in accordance with its terms, except as
enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, or moratorium laws, other similar laws affecting creditors’ rights and general principles of equity affecting the availability of specific
performance and other equitable remedies. 
 4.3 Ownership. Solely as of the Closing Date, except as set forth in Schedule D,
Seller (i) owns the Transferred Trademarks, free and clear of all Encumbrances other than Encumbrances that will no longer exist as of the Closing, (ii) has the right to convey the Purchased Assets to Purchaser, and (iii) at the
Closing shall have conveyed to Purchaser good and marketable title to the Transferred Contracts free and clear of all Encumbrances. 
 4.4
Non-Infringement. To Seller’s Knowledge, except as set forth in Schedule D, the use of the Transferred Trademarks as currently used by Seller in any of the countries where the Transferred Trademarks are registered does not
materially infringe or misappropriate any other Person’s intellectual property rights. 

  
 6 

 4.5 Registration. To Seller’s Knowledge, except as set forth in Schedule D,
all of the Transferred Trademarks are valid. 
 4.6 Transferred Contracts. To Seller’s Knowledge, except as set forth on
Schedule A, the rights of Seller under the Transferred Contracts are valid and enforceable by Seller and will at the Closing, subject to obtaining any required consents necessary to assign the Transferred Contracts, be validly assigned to and
thereupon enforceable by Purchaser, in each case enforceable in accordance with their respective terms except as such enforceability may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors’ rights
generally and by such principles of equity as may affect the availability of equitable remedies. To the Knowledge of Seller, except as set forth on Schedule A, neither Seller nor the other parties thereto are in default in any material
respects (nor does any circumstance exist which, with notice, would result in such a default) under the Transferred Contracts, and, subject to obtaining any required consents necessary to assign the Transferred Contracts, the assignment by Seller of
its rights thereunder to Purchaser will not violate the terms thereof. 
 4.7 Litigation. Except for any actions set forth on any
Schedule to this Agreement, no claims, actions, suits or other proceedings are pending, or to the Seller’s Knowledge, threatened, against Seller with respect to the Purchased Assets before any court, agency or other judicial, administrative or
other governmental body or arbitrator. 
 4.8 Absence of Conflicts and Consent Requirements. Seller’s execution and delivery of
this Agreement and performance of its obligations hereunder, including the sale of the Purchased Assets hereunder, do not and will not conflict with, violate or result in any default under Seller’s certificate of incorporation or by-laws or,
except as set forth on Schedule 4.10, in any default under any mortgage, indenture, agreement, instrument or other contract to which Seller is a party or by which it or its property is bound, nor will Seller’s execution and delivery of
this Agreement and performance of its obligations hereunder violate any judgment, order, decree, law, statute, regulation or other judicial or governmental restriction to which Seller is subject. Other than consents necessary to assign the
Transferred Contracts, Seller’s execution and delivery of this Agreement and the performance of its obligations hereunder, including the sale of the Purchased Assets, do not and will not require the consent of, or any prior filing with any
governmental authority or other third party. 
 4.9 Financial Information. The financial information set forth in Schedule 4.9
is materially true and correct. 
 4.10 No Material Misstatements or Omissions. To Seller’s Knowledge, the representations and
warranties of Seller in this Agreement do not contain any untrue statement of a material fact or omit to state any material fact necessary to make the representations and warranties in this Agreement materially untrue. 

  
 7 

 ARTICLE 5 

REPRESENTATIONS AND WARRANTIES OF PURCHASER 

Purchaser represents and warrants to Seller that the statements contained in this Article 5 are correct and complete as of the
Effective Date and the Closing Date. 
 5.1 Organization. Purchaser is a limited liability company validly existing and in good
standing under the laws of its jurisdiction of formation. 
 5.2 Authority. The execution, delivery and performance by Purchaser of
this Agreement and the consummation of the transaction contemplated hereby have been duly authorized by all necessary action on the part of Purchaser and do not and will not violate any provisions of its organizational documents, any applicable
regulation or any contract or order binding upon it. Assuming that this Agreement is a valid and binding obligation of Seller, this Agreement constitutes a valid and binding agreement of Purchaser, enforceable against Purchaser in accordance with
its terms, except as enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, or moratorium laws, other similar laws affecting creditors’ rights and general principles of equity affecting the availability
of specific performance and other equitable remedies. 
 5.3 No Knowledge of Misrepresentations or Omissions. Purchaser has no
knowledge that the representations and warranties of the Seller in this Agreement and the Schedules attached hereto are not true and correct in all material respects, and the Purchaser has no knowledge of any material errors in, or material
omissions from, any Schedule to this Agreement. Absence of Conflicts and Consent Requirements. Purchaser’s execution and delivery of this Agreement and performance of its obligations hereunder, including the purchase of the Purchased
Assets hereunder, do not and will not conflict with, violate or result in any default under Purchaser’s articles of organization or operating agreement or in any default under any mortgage, indenture, agreement, instrument or other contract to
which Purchaser is a party or by which it or its property is bound, nor will Purchaser’s execution and delivery of this Agreement and performance of its obligations hereunder violate any judgment, order, decree, law, statute, regulation or
other judicial or governmental restriction to which Purchaser is subject. Purchaser’s execution and delivery of this Agreement and the performance of its obligations hereunder, including the purchase of the Purchased Assets, do not and will not
require the consent of, or any prior filing with any governmental authority or other third party. 
 ARTICLE 6 

COVENANTS 
 6.1 Delivery
of Recordable Documents. Subject to Seller’s written confirmation that it has received the Purchase Price, at the Closing, Purchaser shall have the right to deliver to Seller, at Purchaser’s sole cost and expense, recordable assignment
documents, bills of sale and other documents or instruments of conveyance and transfer (collectively “Assignment Documents”) with respect to the Purchased Assets in a form reasonably acceptable to Seller for execution by Seller (it
being agreed and understood that such Assignment Documents shall not contain representations, warranties, covenants or other provisions materially or substantially more burdensome on Seller than such equivalent provisions contained herein), and
Seller shall execute 

  
 8 

 
and deliver such Assignment Documents to Purchaser, which such execution and delivery shall not be unreasonably withheld, delayed or denied. Seller and Purchaser each hereby covenants and agrees
with one another that at any time and from time to time it will promptly execute and deliver, at Purchaser’s sole cost and expense, such further assurances, instruments and documents (including on the part of Seller any and all bills of sale,
assignments, and other documents or instruments of conveyance, as Purchaser may reasonably request, in order to vest in Purchaser title to the Purchased Assets), and take such further action, as the other may reasonably request in order to vest in
Purchaser title to the Purchased Assets; provided, that such further assurances, instruments and documents shall not contain representations, warranties, covenants or other provisions materially or substantially more burdensome on Seller than such
equivalent provisions contained herein. Kellwood Company, a Delaware corporation (“Kellwood”), hereby covenants and agrees to use commercially reasonable efforts to transfer to Purchaser, at Purchaser’s sole expense and at no
cost to Kellwood or Seller, solely to the extent available and transferable, all marketing materials, brand studies, designs patterns, brand history, brand names, blocks and trim boards for all categories and for regular and plus sizes, in each case
used exclusively in the business conducted with the Purchased Assets prior to the date hereof and to provide a list of factory contacts, including contact information for such factory contacts, used in the business conducted with the Purchased
Assets prior to the date hereof and to use commercially reasonable efforts provide Purchaser with introductions to such factory agent contacts. 

6.2 Provision of Information. From and after the Closing Date, either Party may request information and records as may reasonably be
required by such Party for (a) the purpose of making any necessary tax filings and/or investigating and defending audit claims by any taxing authority; (b) accessing files and information relating to Transferred Contracts,
(c) accessing files and information related trademark prosecution, use and any related files for the Transferred Trademarks, and (d) accessing files and information relating to the Transferred Domain Names, and such other Party shall use
commercially reasonable efforts to provide such information or records; provided that such other Party shall not be required to provide such information or records that are protected by any legal privilege or that constitute a trade secret. 

6.3 Public Announcement. After the Closing Date, the Parties will reasonably cooperate in drafting and releasing an initial public
announcement regarding this Agreement, which in no event shall include the economic terms hereof. 
 6.4 Cooperation on Tax Matters.
Upon the reasonable request of the other Party, each of Seller and Purchaser shall furnish or cause to be furnished to the other Party, as promptly as commercially practicable, such information and assistance relating to the Purchased Assets, the
Retained Liabilities and the Assumed Liabilities as is reasonably necessary for the preparation and filing of any Tax Return, claim for refund or other required or optional filings relating to Tax matters, for the preparation for any Tax audit, for
the preparation for any Tax protest, or for the prosecution or defense of any suit or other proceeding relating to Tax matters. 
 6.5
Cooperation on Receivables. Each Party acknowledges and agrees that (a) Seller is entitled to all receivables related to the Purchased Assets, whether pursuant to the Transferred Contracts or otherwise, arising prior to the Closing Date,
and (b) Purchaser is entitled to all receivables related to the Purchased Assets, whether pursuant to the Transferred Contracts or 

  
 9 

 
otherwise, arising on or after the Closing Date. Seller agrees that, after the Closing, it shall hold and shall promptly transfer and deliver to Purchaser, from time to time as and when received
by Seller, any receivables related to the Purchased Assets that Seller receives that properly belong to Purchaser. Purchaser agrees that, after the Closing, it shall hold and shall promptly transfer and deliver to Seller, from time to time as and
when received by Purchaser, any receivables related to the Purchased Assets that Purchaser receives that properly belong to Seller. Upon the reasonable request of the other Party, each of Seller and Purchaser shall furnish or cause to be furnished
to the other Party, as promptly as commercially practicable, such information and assistance as is reasonably necessary to collect any accounts receivable related to the Purchased Assets. 

6.6 Closing. Each of Seller and Purchaser shall use commercially reasonable efforts to have the Closing occur on or before
January 15, 2013. 
 6.7 Noncompetition. Other than as contemplated in Section 6.8, Seller shall cease the conduct
of all business from and after the Closing Date. Subject to Section 6.8, from and after Closing, the Seller shall promptly cease using the names “Phat” or any similar name or any part or abbreviation thereof in connection with
the business, other than with respect to Seller’s legal existence. Within thirty (30) days of the expiration of the six (6) month period set forth in Section 6.8, Seller shall wind-up, liquidate, dissolve or otherwise
cease its legal existence. 
 6.8 Sell-Off. Notwithstanding anything to the contrary contained in this Agreement or any other
agreement between the Parties, until the date that is six (6) months after the Closing Date, Purchaser hereby grants to Seller and its Affiliates a non-exclusive, royalty-free license to, and herby acknowledges and agrees that Seller and its
Affiliates may, without obligation to Purchaser, complete the purchasing, manufacturing, marketing, distribution, selling and similar activities related to the existing, work-in-progress and similar inventory of Baby Phat and related products of the
business. Seller agrees to not begin sourcing any new Baby Phat products after the Closing Date. 
 ARTICLE 7 

INDEMNIFICATION 
 7.1
Indemnification by Seller. Subject to the limitations set forth in this Article 7, Seller shall indemnify, defend, and hold harmless Purchaser, Purchaser’s Affiliates and the Representatives of any of them (collectively,
“Purchaser Indemnitees”) from and against any and all Losses any Purchaser Indemnitee may suffer, sustain or become subject to, as a result of, in connection with, relating to, incidental to, or by virtue of (i) Seller’s
breach of any representation, warranty or covenant contained in this Agreement and any action, suit or proceeding arising out of such breach or (ii) the Retained Liabilities, including Seller’s failure to pay, perform or discharge when due
any of the Retained Liabilities, and any action, suit or proceeding arising out of such Retained Liabilities. 
 7.2 Indemnification by
Purchaser. Subject to the limitations set forth in this Article 7, Purchaser shall indemnify, defend, and hold harmless Seller, Seller’s Affiliates and the Representatives of any of the foregoing (collectively, “Seller
Indemnitees”) from and against any 

  
 10 

 
and all Losses any Seller Indemnitee may suffer, sustain or become subject to, as a result of, in connection with, relating to, incidental to, or by virtue of (i) Purchaser’s breach of
any representation, warranty or covenant contained in this Agreement and any action, suit or proceeding arising out of such breach or (ii) the Assumed Liabilities, including Purchaser’s failure to pay, perform or discharge when due any of
the Assumed Liabilities, and any action, suit or proceeding arising out of such Assumed Liabilities. 
 7.3 Notice of Claims. If any
Purchaser Indemnitee or Seller Indemnitee (an “Indemnified Party”) believes that it has suffered or incurred any Losses for which it is entitled to indemnification under this Article 7, such Indemnified Party shall notify the
Party from whom indemnification is being claimed (the “Indemnifying Party”) with reasonable promptness and reasonable particularity. If any claim is instituted by or against a third party with respect to which any Indemnified Party
intends to claim indemnification under this Article 7, such Indemnified Party shall promptly notify the Indemnifying Party of such claim. The notice provided by the Indemnified Party to the Indemnifying Party shall describe the claim (the
“Asserted Liability”) in reasonable detail and shall indicate the amount (or an estimate) of the Losses that have been or may be suffered by the Indemnified Party. The failure of an Indemnified Party to give any notice required by
this Section 7.3 shall not affect any of the Indemnified Party’s rights under this Article 7 or otherwise except and to the extent that such failure is materially prejudicial to the rights or obligations of the Indemnifying
Party. 
 7.4 Opportunity to Defend Third Party Claims. If any action indemnifiable under this Article 7 is brought by a third
party against any Indemnified Party, the Indemnifying Party shall be entitled: (a) to participate in such action and (b) to elect, by written notice delivered to the Indemnified Party within thirty (30) days after the Indemnifying
Party’s receipt of notice of the Asserted Liability, to defend, compromise or settle such action, with counsel reasonably satisfactory to the Indemnified Party, it being agreed by the Parties that Kirkland & Ellis LLP is reasonably
acceptable counsel to represent the Seller. The Indemnified Party shall cooperate with respect to any such participation, defense, settlement or compromise. The Indemnified Party shall have the right to employ its own counsel in any such case, but
the fees and expenses of the Indemnified Party’s counsel shall be at the sole expense of the Indemnified Party. The Indemnifying Party shall not settle or compromise any action or consent to the entry of a judgment without the written consent
of the Indemnified Party (which shall not be unreasonably withheld) that: (x) does not provide for the claimant to give an unconditional release to the Indemnified Party in respect of the Asserted Liability; (y) involves relief other than
monetary damages; or (z) places restrictions or conditions on the operation of the business of the Indemnified Party or any of its Affiliates. The Indemnifying Party shall not be liable for any settlement of any claim or action effected without
its written consent. After payment of any Asserted Liability by the Indemnifying Party, the Indemnified Party, if requested by the Indemnifying Party, shall assign to the Indemnifying Party all rights the Indemnified Party may have against any
applicable account debtor or other responsible Person in respect of the Asserted Liability. If the Indemnifying Party chooses to defend any Asserted Liability, the Indemnified Party shall make available to the Indemnifying Party any books, records
or other documents within its control that are necessary or appropriate for such defense; provided, that such distribution of such books, records or other documents would not breach privilege, confidentiality or other advisory protection. 

  
 11 

 7.5 EXCLUSION OF CONSEQUENTIAL DAMAGES. NEITHER PARTY WILL BE LIABLE TO THE OTHER PARTY,
UNDER ANY LEGAL OR EQUITABLE THEORY, FOR ANY CONSEQUENTIAL, PUNITIVE, INCIDENTAL, SPECIAL OR INDIRECT DAMAGES OF ANY KIND, INCLUDING LOSSES RELATING TO GOODWILL, DIMINUTION IN VALUE, AND ENTERPRISE VALUE, SUFFERED BY OR OTHERWISE COMPENSABLE TO THE
OTHER, ARISING OUT OF, UNDER OR RELATING TO THIS AGREEMENT, WHETHER OR NOT ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. 
 7.6 Limitation
of Liability. Seller shall be liable to the Purchaser Indemnitees for any Losses covered by Section 7.1(i) up to a maximum aggregate liability of Five Hundred Thirty Five Thousand and 00/100 Dollars ($535,000.00). For avoidance of
doubt, Seller shall be liable to the Purchaser Indemnitees for any and all Losses covered by Section 7.1(ii) without any limitation as to the maximum aggregate liability. Purchaser shall be liable to the Seller Indemnitees for any Losses
covered by Section 7.2(i) up to a maximum aggregate liability of Five Hundred Thirty Five Thousand and 00/100 Dollars ($535,000.00). For avoidance of doubt, Purchaser shall be liable to the Seller Indemnitees for any and all Losses
covered by Section 7.2(ii) without any limitation as to the maximum aggregate liability. The provisions of this Article 7 shall survive Closing and shall be the sole and exclusive remedy available to the Seller Indemnitees and the
Purchaser Indemnitees after the Closing Date for any breach of any representation or warranty contained in this Agreement and any action, suit or proceeding arising out of such breach. 

7.7 Effect of Insurance. The amount of any Losses for which indemnification is provided under this Article 7 shall be reduced by
the insurance proceeds received and any other amount, if any, recovered from third parties by the Indemnified Party (or its Affiliates) with respect to any Losses. If any Indemnified Party shall have received any indemnification payment pursuant to
this Article 7 with respect to any Loss, such Indemnified Party shall, upon written request by the Indemnifying Party, assign to such Indemnifying Party (to the extent of the indemnification payment) any claim which such Indemnified Party may
have under any applicable insurance policy which provides coverage for such Loss to the extent of such indemnification payment. Such Indemnified Party shall reasonably cooperate (at the expense of the Indemnifying Party) to collect under such
insurance policy. If any Indemnified Party shall have received any payment pursuant to this Article 7 with respect to any Loss and has or shall subsequently have received insurance proceeds or other amounts with respect to such Loss, then
such Indemnified Party shall promptly pay to the Indemnifying Party the amount so recovered (after deducting the amount of the expenses incurred by it in procuring such recovery), but not in excess of the amount previously so paid by the
Indemnifying Party. 
 7.8 No Additional Representations or Warranties. THE REPRESENTATIONS AND WARRANTIES EXPRESSLY SET FORTH IN
THIS AGREEMENT ARE THE ONLY REPRESENTATIONS OR WARRANTIES GIVEN BY THE PARTIES. PURCHASER HEREBY ACKNOWLEDGES THAT, PRIOR TO THE CLOSING DATE, IT WILL HAVE CONDUCTED, OR HAD THE OPPORTUNITY TO CONDUCT, ITS OWN INSPECTION AND INVESTIGATION OF THE
PURCHASED ASSETS AND, EXCEPT WITH RESPECT TO THE REPRESENTATIONS AND WARRANTIES OF SELLER EXPRESSLY SET FORTH IN THIS AGREEMENT, IS PURCHASING THE PURCHASED ASSETS ON AN “AS-IS, WHERE-IS, WITH ALL FAULTS” BASIS WITH NO REPRESENTATIONS OR

  
 12 

 
WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WITH RESPECT TO VALIDITY, ENFORCEABILITY, USEFULNESS, INFRINGEMENT, MERCHANTABILITY, AND FITNESS FOR A PARTICULAR PURPOSE. 

7.9 Purchase Price Adjustments. To the extent permitted by law, any amounts payable under this Article 7 shall be treated by the
Parties as an adjustment to the Purchase Price. 
 ARTICLE 8 

TERM 
 8.1
Termination: This Agreement may be terminated at any time prior to the Closing Date: 
 (a) by either Party, if the Closing
shall not have occurred by January 15, 2013; provided, however, that such date may be extended by Seller and Purchaser upon mutual agreement; 

(b) by Seller, if Purchaser shall have materially breached any of its representations, warranties, covenants or agreements contained in
this Agreement, which breach cannot be or has not been cured within ten (10) Business Days after the giving of written notice by Seller to Purchaser specifying such breach; 

(c) by Purchaser, if Seller shall have materially breached any of its representations, warranties, covenants or agreements contained in
this Agreement, which breach cannot be or has not been cured within ten (10) Business Days after the giving of written notice by Purchaser to Seller specifying such breach; or 

(d) by the mutual written consent of Seller and Purchaser. 

8.2 Effect of Termination. In the event of termination of this Agreement as provided in Section 8.1, this Agreement shall
forthwith become void and there shall be no liability on the part of either Party; provided, however, that in the event this Agreement is terminated (other than pursuant to Section 8.1(c) or Section 8.1(d)), then in addition
to whatever other rights Seller may have against Purchaser, Seller shall be entitled to retain the Deposit and all interest thereon. In the event of termination of this Agreement pursuant to Section 8.1(c) or Section 8.1(d),
and provided that Purchaser or any Affiliate of Purchaser is not then in breach of Purchaser’s obligations hereunder or Purchaser’s or any such Affiliate’s obligations under the License Agreement by and between Seller and
Purchaser’s Affiliate Anthony L&S LLC, dated June 16, 2012 or Purchaser’s or any such Affiliate’s obligations under the Co-Existence Agreement by and between Seller and Purchaser, dated July 15, 2012, Seller will return
the Deposit to Purchaser within ten (10) Business Days of such termination. The return of the Deposit by Seller shall be Purchaser’s sole remedy in the event of a breach of Seller’s obligation hereunder. The Parties acknowledge and
agree, for the avoidance of doubt, that Seller shall not be obligated to return the Deposit to Purchaser for any reason (including the failure of any condition contained in Section 3.3 to be satisfied) other than as set forth in this
Section 8.2. 
 8.3 Term. Notwithstanding anything to the contrary in this Agreement, Article 4 and Article 5 of
this Agreement (including for the avoidance of doubt, any indemnification 

  
 13 

 
obligations set forth in Article 7 with respect to Article 4 and Article 5 of this Agreement) shall expire on the date that is twelve (12) months following the Effective
Date (the “Term”). For the avoidance of doubt, nothing in this Section 8.3 shall affect either Party’s indemnification obligations for Retained Liabilities or Purchaser’s indemnification obligations for Assumed
Liabilities, which shall remain in effect for the applicable limitations period under applicable law. 
 ARTICLE 9 

MISCELLANEOUS 
 9.1
Entire Agreement. This Agreement and schedules attached hereto set forth the entire agreement among the Parties as it relates to the subject matter hereof, and such document replaces, supersedes and nullifies any and all prior agreements,
drafts, statements, promises, proposals, representations, understandings and negotiations, written or not, relating to the same (but not, for the avoidance of doubt, any agreements between the Parties entered into simultaneously with or pursuant to
this Agreement). Prior drafts of this Agreement shall not be admissible or construed as evidence regarding the intent of the Parties. 
 9.2
Amendment; Waiver. No modification, amendment, supplement to or waiver of any provision of this Agreement will be binding upon the Parties unless made in a writing signed by both Parties. A failure of a Party to exercise any right provided
for herein shall not be deemed to be a waiver of any right hereunder. 
 9.3 No Further Actions. Except as specifically provided for
in this Agreement, including but not limited to Sections 6.1 and 6.2, nothing herein shall require either Party, after the Closing Date, to deliver any further instruments or documents or take any further action with respect to this Agreement or the
subject matter hereof. 
 9.4 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the
State of New York (regardless of the laws that might otherwise govern under applicable New York principles of conflicts of law) as to all matters. 

9.5 Arbitration. Any dispute arising under, or related to, this Agreement that cannot be resolved by the Parties within thirty
(30) Business Days following notice of such dispute from one Party to the other, unless such timeframe is extended by mutual consent of the Parties, shall be submitted by the Parties to binding arbitration administered by the American
Arbitration Association in accordance with its Commercial Arbitration Rules. The arbitration shall be heard and determined by a panel of three (3) arbitrators, each of whom shall be a disinterested attorney having experience and familiarity
with asset sales. Each Party shall choose one (1) arbitrator, with the third arbitrator chosen by agreement of the two (2) arbitrators chosen by the Parties. In the event the two (2) arbitrators chosen by the Parties cannot agree on a
third arbitrator, such third arbitrator shall be selected by the American Arbitration Association. The decision of a majority of the arbitrators shall be final and binding on the Parties. The arbitration proceeding shall occur in New York, New York.
Each Party shall bear its own costs relating to such arbitration, and the Parties shall equally share the arbitrators’ fees and expenses. The arbitration and all related proceedings and discovery shall take place pursuant to a protective order
entered by the arbitrators that adequately protects the confidential nature of the Parties’ respective 

  
 14 

 
confidential information. In no event shall any arbitration award provide a remedy beyond those permitted under this Agreement, and any award providing a remedy beyond those permitted under this
Agreement shall not be confirmed, no presumption of validity shall attach, and such award shall be vacated. In the event either Party attempts to challenge the final or binding nature of the arbitration panel, the Parties each agree, without
admitting that any such challenge is permissible or otherwise has merit, that the exclusive venue for any such challenge shall be in the U.S. federal district courts located in the State of New York as a court of first instance. The Parties each
agree to the exclusive jurisdiction of such courts with respect to any such claim, and waive personal service of any and all process upon them, and consent that all services of process be made by registered mail, directed to them at their address as
set forth in Section 9.10, and service so made shall be deemed to be completed when deemed received as provided in Section 9.10. The Parties each waive any objection based on forum non conveniens and waive any objection to venue
of any action instituted hereunder. Nothing in this Section 9.5 shall affect the right of the Parties to serve legal process in any other manner permitted by law or to file to enforce any judgment against another Party or Person in any
jurisdiction where such Party or Person has assets. 
 9.6 Assignment; Binding Nature. This Agreement may not be assigned by
Purchaser without Seller’s prior written consent, which shall not be unreasonably withheld. This Agreement may be assigned by Seller without Purchaser’s prior written consent in connection with a Change in Control of Seller, to an
Affiliate of Seller, or to a lender for purposes of collateral security. This Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective successors and permitted assigns. 

9.7 No Third Party Beneficiaries. Except with respect to Article 7, this Agreement is solely for the benefit of the Parties
hereto and no provision of this Agreement shall be deemed to confer upon any third Person any rights, remedies, claims or causes of action. 

9.8 Interpretation; Construction. The definitions in Article 1 shall apply equally to both the singular and plural forms of the
terms defined. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “but not limited to.” The article and section headings contained in this Agreement are for
convenience of reference only and shall not serve to limit, expand or interpret the articles and sections to which they apply, and shall not be deemed to be a part of this Agreement. Words such as “herein”, “hereof”,
“hereto”, and “hereunder” refer to this Agreement. The Parties have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises this Agreement
shall be construed as if jointly drafted by the Parties and no presumption or burden of proof shall arise favoring or disfavoring a Party by virtue of the authorship of any provision of this Agreement. 

9.9 Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any law or
public policy, all other terms or provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transaction herein is not affected in any manner adverse to any Party. Upon such
determination that any term or other provision is invalid, illegal, or incapable of being enforced, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in an
acceptable manner in order than the transaction herein is consummated as originally contemplated to the greatest extent possible. 

  
 15 

 9.10 Notices. All notices, requests, demands and other communications permitted or
required to be given or delivered under or by reason of the provisions of this Agreement shall be in writing and shall be deemed conclusively to have been given (i) when personally delivered, (ii) when sent by facsimile (with hard copy to
follow) during a Business Day (or on the next Business Day if sent after the close of normal business hours or on any non-Business Day), (iii) when sent by electronic mail (with hard copy to follow) during a Business Day (or on the next
Business Day if sent after the close of normal business hours or on any non-Business Day), (iv) one (1) Business Day after being sent by reputable overnight express courier (charges prepaid), or (v) three (3) Business Days
following mailing by certified or registered mail, postage prepaid and return receipt requested. Unless another address is specified in writing, notices, requests, demands and communications to the Parties shall be sent to the addresses indicated
below: 
  

			
	 To Seller:
	 	 To Purchaser:

		
	 Phat Fashions, LLC
	 	 Baby Phat Holding Company LLC

	 600 Kellwood Parkway
	 	 1400 Broadway, Suite 1405

	 Chesterfield, MO 63017
	 	 New York, NY 10018

	 Attn: Keith A. Grypp
	 	 Attn: Anthony LoConte

	 Facsimile: (314) 576-3388
	 	 Facsimile: 212-386-7660

	 Email: keith.grypp@kellwood.com
	 	 Email: tonylo@alsusa.com

 With a simultaneous copy, which shall not constitute notice, to: 

 

			
	 Kirkland & Ellis LLP
	 	 Gordon, Herlands,

		 	 Randolph & Cox LLP

	 300 North LaSalle
	 	 355 Lexington Avenue

	 Chicago, IL 60654
	 	 New York, New York 10017

	 Attn: Douglas C. Gessner, P.C.
	 	 Attn: William H. Cox

	           and Jeremy S. Liss
	 	
	 Facsimile: (312) 862-2200
	 	 Facsimile: 212-983-0772

	 Email: douglas.gessner@kirkland.com,
	 	 Email: wcox@gordonherlands.com

	             jeremy.liss@kirkland.com
	 	
		 	 and

		
		 	 Anthony Siniscalchi, CPA

		 	 A. Uzzo & Company, C.P.A.’s, P.C.

		 	 287 Bowman Avenue

		 	 Purchase, NY 10577

		 	 Facsimile: (914) 694-9017

		 	 Email: asiniscalchi@auzzo.com

  
 16 

 9.11 Counterparts; Facsimile. This Agreement may be executed in one or more counterparts,
each of which shall be considered one and the same document. This Agreement may also be executed by facsimile or by .pdf, .tif, .gif, .peg or similar attachment to electronic mail. If a Party signs this Agreement and then transmits an electronic
facsimile of the signature page to any other Party, that Party who receives the transmission may rely upon the electronic facsimile as a signed original of this Agreement. 

9.12 Expenses. All costs of transferring the Purchased Assets in accordance with this Agreement, including recordation, transfer, and
documentary taxes and fees, and any other taxes (other than taxes on Seller’s income), shall be paid by Purchaser. Except as otherwise provided in this Agreement, each of Seller and Purchaser shall bear its own expenses, including
attorneys’ fees, incurred in connection with the negotiation and execution of this Agreement and each other agreement, document and instrument contemplated by this Agreement and the consummation of the transaction contemplated hereby. 

9.13 No Brokers. Seller and Purchaser represent and warrant that no broker or finder other than Susman Partners a/k/a Threadstone
Advisors (“Threadstone”) has been involved or engaged by it in connection with this Agreement, and each hereby agree to indemnify and save harmless the other from and against any and all, other than with respect to Threadstone,
broker’s or finder’s fees, commissions or similar charges incurred or alleged to have been incurred by the indemnifying Party in connection with this Agreement and any and all loss, liability, cost or expense (including reasonable
attorneys’ fees) arising out of any claim that the Indemnifying Party incurred any such fees, commissions or charges. 
 9.14 WAIVER
OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY LITIGATION, ACTION, PROCEEDING, CROSS-CLAIM, OR COUNTERCLAIM IN ANY COURT (WHETHER BASED ON CONTRACT, TORT, OR OTHERWISE) ARISING OUT OF, RELATING TO OR
IN CONNECTION WITH (i) THIS AGREEMENT OR THE VALIDITY, PERFORMANCE, INTERPRETATION, COLLECTION OR ENFORCEMENT HEREOF OR (ii) THE ACTIONS OF SUCH PARTY IN THE NEGOTIATION, AUTHORIZATION, EXECUTION, DELIVERY, ADMINISTRATION, PERFORMANCE OR
ENFORCEMENT HEREOF. 
 *  *  *  *  * 

  
 17 

 IN WITNESS WHEREOF, the Parties hereto have caused this Purchase Agreement to be executed and
delivered by their respective duly authorized representatives as of the Effective Date. 
  

									
	PHAT FASHIONS, LLC	 		 	BABY PHAT HOLDING COMPANY, LLC
					
	By	 	  
	 		 	By	 	 /s/ Anthony LoConte

	Name:	 	  
	 		 	Name:	 	Anthony LoConte
	Its:	 	  
	 		 	Its:	 	Manager

 Agreed and acknowledged solely with respect to the last sentence in Section 6.1: 

 

									
	KELLWOOD COMPANY	 		 	
					
	By	 	  
	 	 	 	 	 	 
	Name:	 	  
	 	 	 	 	 	 
	Its:	 	  
	 	 	 	 	 	 

 Signature Page to Purchase Agreement 

 IN WITNESS WHEREOF, the Parties hereto have caused this Purchase Agreement to be executed and
delivered by their respective duly authorized representatives as of the Effective Date. 
  

									
	PHAT FASHIONS, LLC	 		 	BABY PHAT HOLDING COMPANY, LLC
					
	By	 	 /s/ Michael M. Saunders
	 		 	By	 	  

	Name:	 	Michael M. Saunders	 		 	Name:	 	  

	Its:	 	SVP & COO	 		 	Its:	 	  

 Agreed and acknowledged solely with respect to the last sentence in Section 6.1: 

 

									
	KELLWOOD COMPANY	 		 		 	
					
	By	 	 /s/ Michael M. Saunders
	 		 		 	
	Name:	 	Michael M. Saunders	 		 		 	
	Its:	 	SVP & COO	 		 		 	

 Signature Page to Purchase Agreement 

 Schedule A 

TRANSFERRED CONTRACTS 

[On file with the Company] 

 [On file with the Company] 

 Schedule B 

INTELLECTUAL PROPERTY 
 Domestic
Trademarks: 
  

											
	 Trademark
	  	 Owner
	  	 Status in

Trademark

Office
	  	 Federal
Registration
Number
	  	 Registration Date
	  	 Class

						
	

	  	Phat Fashions LLC	  	Registered	  	3,735,330	  	1/5/2010	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	3,759,361	  	3/9/2010	  	21
						
	

	  	Phat Fashions LLC	  	Registered	  	3,624,700	  	5/19/2009	  	26
						
	

	  	Phat Fashions LLC	  	Registered	  	3,233,844	  	4/24/2007	  	9
						
	

	  	Phat Fashions LLC	  	Registered	  	3,240,184	  	5/8/2007	  	9
						
	

	  	Phat Fashions LLC	  	Registered	  	2,440,358	  	4/3/2001	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	2,538,563	  	2/12/2002	  	18
						
	

	  	Phat Fashions LLC	  	Registered	  	3,037,296	  	1/3/2006	  	25

											
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,613,885	  	4/28/2009	  	26
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,701,862	  	10/27/2009	  	24
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,591,599	  	3/17/2009	  	16
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,181,285	  	2/21/2006	  	6
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,220,372	  	3/20/2007	  	9
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,386,191	  	2/19/2008	  	35
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	2,240,881	  	4/20/1999	  	25
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	2,538,494	  	2/12/2002	  	18
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	2,736,998	  	7/15/2003	  	14
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	2,811,059	  	2/3/2004	  	9
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,004,138	  	10/4/2005	  	25
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,051,588	  	1/24/2006	  	14
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,060,441	  	2/21/2006	  	9
						
	

	  	Phat Fashions LLC	  	Registered	  	3,000,181	  	9/27/2005	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	3,743,384	  	10/26/2009	  	24
						
	

	  	Phat Fashions LLC	  	Registered	  	3,723,824	  	12/8/2009	  	21
						
	

	  	Phat Fashions LLC	  	Registered	  	3,600,115	  	3/31/2009	  	3
						
	

	  	Phat Fashions LLC	  	Registered	  	2,303,780	  	12/28/1999	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	3,004,685	  	10/4/2005	  	14
						
	

	  	Phat Fashions LLC	  	 Registered

(South Carolina)
	  	SCO12501	  	6/28/2001	  	25

											
	

	  	Phat Fashions LLC	  	Registered	  	3,759,401	  	3/9/2010	  	3
						
	

	  	Phat Fashions LLC	  	Registered	  	3,735,329	  	1/5/2010	  	24
						
	

	  	Phat Fashions LLC	  	Registered	  	3,723,825	  	12/8/2009	  	21
						
	

	  	Phat Fashions LLC	  	Registered	  	3,551,930	  	12/23/2008	  	20
						
	

	  	Phat Fashions LLC	  	Registered	  	3,109,678	  	6/27/2006	  	9
						
	

	  	Phat Fashions LLC	  	Registered	  	2,429,559	  	2/20/2001	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	2,541,251	  	2/19/2002	  	18
						
	

	  	Phat Fashions LLC	  	Registered	  	2,881,224	  	9l7/2004	  	9
						
	

	  	Phat Fashions LLC	  	Registered	  	3,000,182	  	9/27/2005	  	25

											
	

	  	Phat Fashions LLC	  	Registered	  	3,006,170	  	10/11/2005	  	14
						
	BABY PHAT GIRLZ	  	Phat Fashions LLC	  	Registered	  	3,149,054	  	9/26/2006	  	25
						
	BABY PHAT GIRLZ	  	Phat Fashions LLC	  	Registered	  	2,557,269	  	4/2/2002	  	25
						
	BABY PHAT GIRLZ	  	Phat Fashions LLC	  	Registered	  	2,867,090	  	7/27/2004	  	18
						
	BABY PHAT GODDESS	  	Phat Fashions LLC	  	Registered	  	3,512,917	  	10/7/2008	  	3
						
	

	  	Phat Fashions LLC	  	Registered	  	3,512,918	  	10/7/2008	  	3
						
	BABY PHAT GOLDEN GODDESS	  	Phat Fashions LLC	  	Registered	  	3,366,942	  	1/8/2008	  	3
						
	

	  	Phat Fashions LLC	  	Registered	  	3,374,112	  	1/22/2008	  	3
						
	BABY PHAT SEDUCTIVE GODDESS	  	Phat Fashions LLC	  	Registered	  	3,860,529	  	10/12/2010	  	3
						
	PHAT	  	Phat Fashions LLC	  	Registered	  	2,372,748	  	8/l/2000	  	25

 Domestic Copyrights: 
  

									
	 Title
	  	 Owner
	  	 Status in Copyright Office
	  	Federal
Registration
Number	  	Registration Date
	 “Baby Phat” and Cat Design
	  	Phat Fashions, LLC	  	Registered	  	VA-852-101	  	11/25/1998
					
	 Baby Phat Crown Badge
	  	Phat Fashions, LLC	  	Registered	  	VA-0001622877	  	10/29/2007
					
	 Baby Phat Crown Burst
	  	Phat Fashions, LLC	  	Registered	  	VA-0001622872	  	10/29/2007

 Foreign Trademarks: 
  

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

	 BABY PHAT
	  	Phat Fashions LLC	  	Argentina	  	Pending	  	[s/n 3,045,665]	  	[filed 11/11/2010]	  	25	  	In January of 2012, application was opposed by Empresas CMPC S.A. on the basis that it is confusingly similar to its own applications or registrations for the marks BABY SEC, BABYSEC BASIO, BABYSEC, and BABY SEC LO HIZO. Instructed
counsel to initiate negotiations with opponent and argue that several applications for marks containing the word “BABY” have registered in the Argentinian Trademark Office.
								
	 BABY PHAT
	  	Phat Fashions LLC	  	Australia	  	Registered	  	774453	  	9/30/1998	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Australia	  	Registered	  	1,066,407	  	7/11/2005	  	25	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	Bahrain	  	Registered	  	44076	  	4/10/2005	  	18	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	Bahrain	  	Registered	  	44077	  	4/10/2005	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

	 PHAT
	  	Phat Fashions LLC	  	Benelux	  	Renewed	  	552164	  	4/27/1994	  	25	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	Bolivia	  	Registered	  	87321-C	  	7/16/2002	  	25	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	Brazil	  	Pending (Suspended)	  	[s/n 821.880.675]	  	[filed 8/2/1999]	  	25	  	This application is being kept in abeyance until final decisions rendered with respect to Application Nos. 821.346.300 for PHAT FARM and 821.346.326 for THE PHAT FARM NYC FINE QUALITY AUTHENTIC FLY GOODS. These applications are
being kept in abeyance until a final decision is rendered with respect to Application No. 820.033.146 for FARM RIO in Class 25. Counsel filed a petition to disassociate the BABY PHAT application from the PHAT FARM applications, but as of March 2011,
no response had been received from the Trademark Office.
								
	

	  	Phat Fashions LLC	  	Brazil	  	Pending	  	[s/n 830.448.829]	  	[filed 11/27/2009]	  	25	  	The granting of this application was published in the Official Gazette on August 21, 2012. Counsel paid the registration fees, and the registration certificate is forthcoming.
								
	

	  	Phat Fashions LLC	  	Brazil	  	Pending	  	[s/n 830.448.810]	  	[filed 11/27/2009]	  	14	  	The granting of this application was published in the Official Gazette on August 21, 2012. Counsel paid the registration fees, and the registration certificate is forthcoming.
								
	 BABY PHAT
	  	Phat Fashions LLC	  	Bulgaria	  	Registered	  	64975	  	5/12/2008	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Bulgaria	  	Registered	  	64976	  	5/12/2008	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

								
	

	  	Phat Fashions LLC	  	Bulgaria	  	Registered	  	64977	  	5/12/2008	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Bulgaria	  	Registered	  	62247	  	12/3/2007	  	25	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	Canada	  	Registered	  	760154	  	2/24/2010	  	3	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	Canada	  	Registered	  	557141	  	1/30/2002	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Canada	  	Registered	  	760461	  	2/26/2010	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	Canada	  	Registered	  	761902	  	3/17/2010	  	9, 18, 25	  	N/A
								
	

	  	Phat Fashions LLC	  	Canada	  	Registered	  	762606	  	3/24/2010	  	9, 18, 25	  	N/A
								
	 BABY PHAT GODDESS
	  	Phat Fashions LLC	  	Canada	  	Registered	  	722944	  	9/4/2008	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	Canada	  	Registered	  	772952	  	9/4/2008	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	Canada	  	Registered	  	761903	  	3/17/2010	  	9, 18, 25	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	Chile	  	Registered	  	879694	  	1/18/2000	  	25	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Registered	  	4,924,866	  	3/28/2009	  	3	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Registered	  	4,924,867	  	2/14/2009	  	14	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

	 BABY PHAT
	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Registered	  	1,358,532	  	1/28/2000	  	25	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Registered	  	6,553,521	  	6/21/2010	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Registered	  	6,553,522	  	6/21/2010	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Registered	  	4,518,596	  	12/14/2008	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Registered	  	4,518,595	  	2/7/2009	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Registered	  	4,518,708	  	5/28/2008	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Pending	  	[s/n 6,848,582]	  	[filed 7/18/2008]	  	25	  	In March of 2010, the application was refused, and so Phat filed a review of the refusal in April of 2010. The examination of Phat’s application for review of the refusal is still pending.
								
	

	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Registered	  	4,518,597	  	5/28/2008	  	14	  	N/A
								
	

	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Pending (Suspended)	  	[s/n 4,518,709]	  	[filed 3/1/2005]	  	9	  	In August of 2007, the application was refused, and so Phat filed a review of the refusal. The examination of Phat’s application for review of the refusal is still pending.

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

								
	 

	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Pending	  	[s/n 6,848,581]	  	[filed 7/18/2008]	  	25	  	In March of 2010, the application was refused, and so Phat filed a review of the refusal in April of 2010. The examination of Phat’s application for review of the refusal is still pending.
								
	 

	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Pending (Suspended)	  	[s/n 4,518,593]	  	[filed 3/1/2005]	  	9	  	In August of 2007, the application was refused, and so Phat filed a review of the refusal. The examination of Phat’s application for review of the refusal is still pending.
								
	 

	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Registered	  	4,518,590	  	2/7/2009	  	25	  	N/A
								
	 

	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Registered	  	4,518,594	  	5/28/2008	  	3	  	N/A
								
	 

	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Registered	  	4,518,592	  	5/28/2008	  	14	  	N/A
								
	 

	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Registered	  	4,518,591	  	12/14/2008	  	18	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	Colombia	  	Registered	  	235387	  	4/27/2001	  	25	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	Cyprus, Republic of	  	Registered	  	71302	  	4/14/2005	  	25	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	Cyprus, Republic of	  	Registered	  	71301	  	4/14/2005	  	18	  	N/A
								
	 PHAT
	  	Phat Fashions LLC	  	Denmark	  	Renewed	  	4608/94	  	7/8/1994	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in

Trademark

Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	Phat Fashions LLC	  	Dominican Republic	  	Registered	  	107843	  	10/30/1999	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Dominican Republic	  	Registered	  	107837	  	10/30/1999	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Ecuador	  	Registered	  	3430-00	  	6/26/2000	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Egypt	  	Registered	  	201585	  	9/8/2009	  	18	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Egypt	  	Registered	  	201586	  	5/23/2007	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	El Salvador	  	Registered	  	144 Book 136	  	8/10/2001	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	European Community	  	Registered	  	000881524	  	10/13/1999	  	9, 18, 25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	European Community	  	Registered	  	004923553	  	3/29/2007	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	European Community	  	Registered	  	004643342	  	9/20/2005	  	9, 18, 25	  	N/A
								
	

	  	Phat Fashions LLC	  	European Community	  	Registered	  	004923777	  	3/30/2007	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	European Community	  	Registered	  	004643375	  	8/2/2007	  	9, 18, 25	  	N/A
								
	PHAT	  	Phat Fashions LLC	  	France	  	Registered	  	93/481938	  	8/31/1993	  	9, 25, 42	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Guatemala	  	Registered	  	104571	  	5/23/2000	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Honduras	  	Registered	  	99956	  	2/21/2007	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in

Trademark

Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	300498736	  	9/21/2005	  	3, 14	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	301048590	  	2/11/2008	  	18	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	200215781	  	8/26/1998	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	301048608	  	2/11/2008	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	300498727	  	9/21/2005	  	3, 14	  	N/A
								
	

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	3004497944	  	9/20/2005	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	301048617	  	2/11/2008	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	300498718	  	9/21/2005	  	3, 14	  	N/A
								
	

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	301048626	  	2/11/2008	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	300497935	  	9/20/2005	  	25	  	N/A
								
	PHAT	  	Phat Fashions LLC	  	Hong Kong	  	Renewed	  	3613/95	  	4/26/1993	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in

Trademark

Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	Phat Fashions LLC	  	India	  	Registered	  	1,275,909	  	1/17/2006	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Indonesia	  	Pending	  	[s/n D00.2009.0006 75]	  	[filed 1/9/2009]	  	25	  	In August of 2010, the Indonesian Trademark Office rejected this application due to its similarity to the prior trademark application (No. D002007014087) for BABYPHAT and Device filed by Rosni Kosman. Phat filed an opposition to
this application as well as a response to the office action on September 2, 2010 and is still awaiting a decision.
								
	

	  	Phat Fashions LLC	  	Indonesia	  	Pending	  	[s/n D00.2009.0006 76]	  	[filed 1/9/2009]	  	18	  	In August of 2010, the Indonesian Trademark Office rejected this application due to its similarity to the prior trademark application (No. D002007014087) for BABYPHAT and Device filed by Rosni Kosman. Phat filed an opposition to
this application as well as a response to the office action on September 2, 2010 and is still awaiting a decision.
								
	

	  	Phat Fashions LLC	  	International Registration (Madrid Protocol)	  	Registered	  	IR 905391	  	3/3/2006	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	International Registration (Madrid Protocol)	  	Registered	  	IR 882532	  	2/22/2006	  	3	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in

Trademark

Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

								
	

	  	Phat Fashions LLC	  	Italy	  	Registered	  	1432026	  	3/10/2011	  	25	  	N/A
								
	PHAT	  	Phat Fashions LLC	  	Italy	  	Renewed	  	00695475	  	5/3/1994	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Japan	  	Registered	  	4692771	  	7/18/2003	  	14, 18	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Japan	  	Registered	  	4293397	  	7/9/1999	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Japan	  	Registered	  	5101609	  	12/28/2007	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	Japan	  	Registered	  	5170939	  	10/3/2008	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	Japan	  	Registered	  	4896783	  	9/22/2005	  	3, 9, 14, 18, 25	  	N/A
								
	

	  	Phat Fashions LLC	  	Japan	  	Registered	  	4896782	  	9/22/2005	  	3, 9	  	N/A
								
	PHAT	  	Phat Fashions LLC	  	Japan	  	Renewed	  	3370202	  	9/11/1998	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Jordan	  	Registered	  	91564	  	4/10/2007	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Jordan	  	Registered	  	91563	  	4/10/2007	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Korea, Republic of	  	Registered	  	0458243	  	11/9/1999	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in

Trademark

Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	Phat Fashions LLC	  	Korea, Republic of	  	Registered	  	40-0678282	  	9/14/2006	  	3, 14	  	N/A
								
	

	  	Phat Fashions LLC	  	Korea, Republic of	  	Registered	  	40-0664997	  	6/5/2006	  	3, 9, 14, 18, 25	  	N/A
								
	

	  	Phat Fashions LLC	  	Korea, Republic of	  	Registered	  	40-0664996	  	6/5/2006	  	3, 9, 14, 18, 25	  	N/A
								
	PHAT	  	Phat Fashions LLC	  	Korea, Republic of	  	Renewed	  	315203	  	6/10/1995	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Kuwait	  	Registered	  	59255	  	5/28/2005	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Kuwait	  	Registered	  	58934	  	5/28/2005	  	18	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Lebanon	  	Registered	  	110636	  	4/17/2007	  	18, 25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Macao	  	Registered	  	19197	  	2/9/2006	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Macao	  	Registered	  	19203	  	2/9/2006	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Macao	  	Registered	  	19202	  	2/9/2006	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Mexico	  	Registered	  	910763	  	11/28/2005	  	9	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in

Trademark

Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	Phat Fashions LLC	  	Mexico	  	Registered	  	878711	  	4/27/2005	  	3	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Mexico	  	Renewed	  	589794	  	8/20/1998	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Mexico	  	Registered	  	1196685	  	1/14/2011	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	Mexico	  	Registered	  	912979	  	12/8/2005	  	9	  	N/A
								
	

	  	Phat Fashions LLC	  	Mexico	  	Registered	  	878135	  	4/26/2005	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	Mexico	  	Registered	  	1083925	  	2/12/2009	  	9	  	N/A
								
	

	  	Phat Fashions LLC	  	Mexico	  	Registered	  	1131983	  	11/26/2009	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	Mexico	  	Pending	  	[s/n 911173]	  	[filed 2/2/2008]	  	25	  	This application was rejected due to the trademark registration (No. 977592) for LADY PARIS and Cat Design (see below for further detail on the Cancellation Action that Phat Fashions filed against this registration).
								
	

	  	Phat Fashions LLC	  	Mexico	  	Registered	  	912980	  	12/8/2005	  	9	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	New Zealand	  	Renewed	  	297097	  	8/24/1998	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in

Trademark

Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

								
	

	  	Phat Fashions LLC	  	New Zealand	  	Registered	  	732424	  	7/11/2005	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Nicaragua	  	Registered	  	46047 C.C.	  	1/5/2001	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Norway	  	Registered	  	202429	  	4/17/2000	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Norway	  	Registered	  	237042	  	1/2/2007	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Norway	  	Registered	  	237043	  	1/2/2007	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Norway	  	Registered	  	237045	  	1/2/2007	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Oman	  	Registered	  	43811	  	1/30/2008	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Oman	  	Registered	  	43810	  	11/11/2007	  	18	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Panama	  	Registered	  	102243	  	8/13/1999	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Paraguay	  	Registered	  	222339	  	2/7/2000	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Peru	  	Registered	  	058267	  	10/15/1999	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in

Trademark

Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

								
	

	  	Phat Fashions LLC	  	Peru	  	Registered	  	176049	  	5/23/2011	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Peru	  	Registered	  	175423	  	3/31/2011	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Qatar	  	Registered	  	44406	  	4/25/2007	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Qatar	  	Registered	  	44407	  	4/25/2007	  	18	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Romania	  	Registered	  	074184	  	1/11/2006	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Romania	  	Registered	  	074185	  	1/11/2006	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Romania	  	Registered	  	074176	  	1/11/2006	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Romania	  	Registered	  	074186	  	1/11/2006	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Russian Federation	  	Registered	  	276912	  	10/21/2004	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Russian Federation	  	Registered	  	321362	  	2/19/2007	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Russian Federation	  	Registered	  	269478	  	5/31/2004	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in

Trademark

Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

								
	

	  	Phat Fashions LLC	  	Russian Federation	  	Registered	  	322147	  	3/12/2007	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Saudi Arabia	  	Registered	  	996/75	  	6/19/2008	  	18	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Saudi Arabia	  	Registered	  	955/10	  	11/10/2007	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01908]	  	[filed 2/11/2004]	  	14	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and 18.
								
	BABY PHAT	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01910]	  	[filed 2/11/2004]	  	25	  	This application has been rejected by the Registrar due to the following registrations: -2002/01162 PHAT HAIR in Class 3 in the name of Designer Group (Pty) Ltd. -2002/19607 PHAT FARM in Class 25 in the name of J & L Sales CC
-1998/12663 PHAT JOE in Class 25 in the name of Black Chameleon Entertainment CC -2001/18594 PHAT in Class 25 in the name of Truworths Ltd -2002/00488 PHAT BASTARD in Class 25 in the name of Alcon Impex (Pty) Ltd -2003/16633 PHATCAT in Class 25 in
the name of Reldann Properties No. 2 CC
								
	BABY PHAT	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01909]	  	[filed 2/11/2004]	  	18	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and 18.

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in

Trademark

Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01907]	  	[filed 2/11/2004]	  	9	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and 18.
								
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01942	  	8/13/2008	  	9	  	N/A
								
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01944	  	8/13/2008	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01941	  	8/13/2008	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01945	  	8/13/2008	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01943	  	8/13/2008	  	14	  	N/A
								
	PHAT	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01899]	  	[filed 2/11/2004]	  	18	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and 18.
								
	PHAT	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01898]	  	[filed 2/11/2004]	  	14	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and 18.

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in

Trademark

Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	PHAT	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01897]	  	[filed 2/11/2004]	  	9	  	This application has been rejected by the Registrar due to the following registrations: -2002/01162 PHAT HAIR in Class 3 in the name of Designer Group (Pty) Ltd. -2002/19607 PHAT FARM in Class 25 in the name of J & L Sales CC
-1998/12663 PHAT JOE in Class 25 in the name of Black Chameleon Entertainment CC -2001/18594 PHAT in Class 25 in the name of Truworths Ltd -2002/00488 PHAT BASTARD in Class 25 in the name of Alcon Impex (Pty) Ltd -2003/16633 PHATCAT in Class 25 in
the name of Reldann Properties No. 2 CC
								
	PHAT	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01900]	  	[filed 2/11/2004]	  	25	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and 18.
								
	BABY PHAT	  	Phat Fashions LLC	  	Sweden	  	Registered	  	337019	  	5/5/2000	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Switzerland	  	Registered	  	470.895	  	10/19/1999	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Switzerland	  	Registered	  	543.074	  	2/23/2006	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Switzerland	  	Registered	  	543.075	  	2/23/2006	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition
Status

								
	

	  	Phat Fashions LLC	  	Switzerland	  	Registered	  	543.076	  	2/23/2006	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1213413	  	6/16/2006	  	3	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1211505	  	6/1/2006	  	14	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1252965	  	3/1/2007	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1213415	  	6/16/2006	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1211507	  	6/1/2006	  	14	  	N/A
								
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1346472	  	1/16/2009	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1252970	  	3/1/2007	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1213414	  	6/16/2006	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1211506	  	6/1/2006	  	14	  	N/A
								
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1252969	  	3/1/2007	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition
Status

	PHAT	  	Phat Fashions LLC	  	Taiwan	  	Renewed	  	626361	  	1/1/1994	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Thailand	  	Registered	  	215635	  	3/23/2005	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	Thailand	  	Registered	  	240010	  	2/24/2004	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Turkey	  	Registered	  	2005/08321	  	3/11/2005	  	18, 25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Turkey	  	Registered	  	2002/14586	  	6/13/2002	  	3, 14, 18, 25	  	N/A
								
	

	  	Phat Fashions LLC	  	Turkey	  	Registered	  	2006/01384	  	1/18/2006	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Turkey	  	Registered	  	2006/01500	  	1/19/2006	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Turkey	  	Registered	  	2006/01498	  	1/19/2006	  	25	  	N/A
								
	PHAT	  	Phat Fashions LLC	  	Turkey	  	Registered	  	2002/14585	  	6/13/2002	  	3, 14, 18, 25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	United Arab Emirates	  	Registered	  	58642	  	3/14/2006	  	18	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	United Arab Emirates	  	Registered	  	58641	  	3/14/2006	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

	

	  	Phat Fashions LLC	  	United Arab Emirates	  	Registered	  	85293	  	11/26/2007	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	United Kingdom (Madrid Protocol)	  	Registered	  	IR 905391	  	3/3/2006	  	3	  	N/A
								
	PHAT	  	Phat Fashions LLC	  	United Kingdom	  	Renewed	  	1545530	  	8/19/1993	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Uruguay	  	Registered	  	314.451	  	2/16/2000	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Venezuela	  	Registered	  	P-219.712	  	4/7/2000	  	25	  	N/A

 Other Pending Disputes 
  

			
	  
  

•
	  	An application for the mark

 was filed in Class 9 in China by Applicant, Liu Yiqi (an individual) and given the App. No. 3847273. Phat Fashions filed an opposition against this application which received an Adverse Decision from the Chinese
Trademark Office in July of 2012. Phat Fashions subsequently filed an administrative lawsuit against the Adverse Decision, and such case was accepted by the Beijing No. Intermediate People’s Court in September of 2012 and will soon be
heard.
		
	  
  

•
	  	The Mexican Registration in Class 25 for the mark

 is owned by Joel Renteria Martinez (an individual) (Reg. No. 977592). Phat Fashions filed a Cancellation Proceeding against this registration in April 2009. The Cancellation Action was originally rejected because
Phat Fashions’ evidence of use was based on the use of its then-licensee, BP Clothing. This rejection was overcome in October of 2011, but in August of 2012, the Mexican Trademark Office rendered a resolution rejecting the Cancellation Action
once again on the basis that Martinez’s mark was in use in Mexico. This decision was challenged by Phat Fashions in August of 2012 through the filing of an annulment action

	 	 
with a Federal Administrative Court based on Phat Fashions’ prior use of its mark in Mexico. If a favorable resolution in the annulment action is obtained, the same will be studied by the
Mexican Trademark Office. 

  

	 	•	 	Kellwood Company received a cease and desist letter from Aeropostale, Inc. dated August 22, 2012, and alleging that BABY PHAT shirts marketed as “Girls Glitter Heart Tees” were “virtually exact
copies of an earlier Aeropostale designed T-shirt.” The letter simply asked for Kellwood’s assurance that it would not resume selling this item or offer other merchandise copied from Aeropostale designs. As this design was created,
manufactured, and distributed by Phat Fashions’ licensee, Parigi Group, Kellwood and Phat have sent the letter to Parigi for handling. 

  

	 	•	 	Venezuelan Opposition Proceeding Against Kathy Cat Design in cls. 3, 14, 18 and 25 filed by Katherine Rey Sotomayor, Appl. Ser. Nos. 06004607-06004610. Phat Fashions opposed this application in 2006. A decision is
expected to be rendered in 2-3 years. 

  

	 	•	 	Venezuelan Application for BABY CAT and Cat Design in cl. 25 filed by Habibi Moda C.A., Appl. Ser. No. 2103/2009. Phat Fashions opposed this application in 2009. A decision is expected to be rendered in 5-6 years.

  

	 	•	 	Indian Trademark Application for JUST PHAT in cl. 25 filed by Pooja Thakkar, Appl. Serial No. 1592557. Phat Fashions opposed this application in December 2009. A decision is expected to be rendered in 2012.

  

	 	•	 	Indonesian Trademark Application for BABY PHAT with Cat Design in cl. 18 filed by Rosni Kosman (App. No. D002007014087). Phat Fashions opposed this trademark application in January 2009 and is awaiting the decision.

  

	 	•	 	Indonesian Trademark Opposition against BABY PHAT with Cat Design in cl. 25 filed by Uswah Rudi. Phat Fashions opposed this application in November 2009 and is awaiting a decision. 

 

	 	•	 	Brazilian Trademark Applications for DSCOLADA with Cat Design in cl. 14, Appl. Serial No. 901780782 and DSCOLADA with Cat Design in cl. 25, Appl. Serial No. 901780693, both filed by Dscolada Ltda Me. Phat
Fashions opposed both applications and awaits the decisions. 

 Schedule C 

DOMAIN NAMES 
 Domain Names:

  

					
	 Domain Name
	  	 Brand
	  	 Redirect Site

	2PHATFASHIONS.COM	  	Baby Phat	  	www.babyphat.com
			
	allcityathletiques.com	  	Baby Phat	  	www.babyphat.com
			
	allcityathletiques.info	  	Baby Phat	  	www.babyphat.com
			
	allcityathletiques.net	  	Baby Phat	  	www.babyphat.com
			
	allcityathletiques.org	  	Baby Phat	  	www.babyphat.com
			
	allcityonline.com	  	Baby Phat	  	www.babyphat.com
			
	allcityonline.info	  	Baby Phat	  	www.babyphat.com
			
	Babe-phat.com	  	Baby Phat	  	www.babyphat.com
			
	Babiephat.com	  	Baby Phat	  	www.babyphat.com
			
	baby-fat.biz	  	Baby Phat	  	www.babyphat.com
			
	babyfat.cc	  	Baby Phat	  	www.babyphat.com
			
	baby-fat.cc	  	Baby Phat	  	www.babyphat.com
			
	babyfat.tv	  	Baby Phat	  	www.babyphat.com
			
	baby-fat.tv	  	Baby Phat	  	www.babyphat.com
			
	baby-fat-ws	  	Baby Phat	  	www.babyphat.com

					
	babyphat.asia	  	Baby Phat	  	www.babyphat.com
			
	babyphat.biz	  	Baby Phat	  	www.babyphat.com
			
	baby-phat.biz	  	Baby Phat	  	www.babyphat.com
			
	baby-phat.co.uk	  	Baby Phat	  	www.babyphat.com
			
	BabyPhat.com	  	Baby Phat	  	www.babyphat.com
			
	babyphat.com.hk	  	Baby Phat	  	www.babyphat.com
			
	babyphat.com.tw	  	Baby Phat	  	www.babyphat.com
			
	babyphat.de	  	Baby Phat	  	www.babyphat.com
			
	babyphat.hk	  	Baby Phat	  	www.babyphat.com
			
	babyphat.info	  	Baby Phat	  	www.babyphat.com
			
	baby-phat.info	  	Baby Phat	  	www.babyphat.com
			
	babyphat.net	  	Baby Phat	  	www.babyphat.com
			
	babyphat.org	  	Baby Phat	  	www.babyphat.com
			
	babyphat.tw	  	Baby Phat	  	www.babyphat.com
			
	babyphat.us	  	Baby Phat	  	www.babyphat.com
			
	baby-phat.us	  	Baby Phat	  	www.babyphat.com
			
	BabyPhat.XXX	  	Baby Phat	  	Blocked
			
	babyphat69.com	  	Baby Phat	  	www.babyphat.com

					
	babyphat69.info	  	Baby Phat	  	www.babyphat.com
			
	babyphatapparel.com	  	Baby Phat	  	www.babyphat.com
			
	babyphatbiz.com	  	Baby PHat	  	www.babyphat.com
			
	babyphatboots.com	  	Baby Phat	  	www.babyphat.com
			
	babyphatcatalog.com	  	Baby Phat	  	www.babyphat.com
			
	babyphatclothing.com	  	Baby Phat	  	www.babyphat.com
			
	babyphatclothing.info	  	Baby Phat	  	www.babyphat.com
			
	babyphatclothing.net	  	Baby Phat	  	www.babyphat.com
			
	babyphatclothing.org	  	Baby Phat	  	www.babyphat.com
			
	babyphatclothingonline.com	  	Baby Phat	  	www.babyphat.com
			
	babyphatclothingonline.info	  	Baby Phat	  	www.babyphat.com
			
	babyphatclothingonline.net	  	Baby Phat	  	www.babyphat.com
			
	babyphatclothingonline.org	  	Baby Phat	  	www.babyphat.com
			
	babyphateyewear.com	  	Baby Phat	  	www.babyphat.com
			
	babyphatfarm.com	  	Baby Phat	  	www.babyphat.com
			
	babyphatgirlz.com	  	Baby Phat	  	www.babyphat.com
			
	babyphatgirlz.info	  	Baby Phat	  	www.babyphat.com
			
	babyphathandbags.com	  	Baby Phat	  	www.babyphat.com

					
	BABYPHATONLINE.COM	  	Baby Phat	  	www.babyphat.com
			
	BABYPHATONLINE.NET	  	Baby Phat	  	www.babyphat.com
			
	babyphatshoes.com	  	Baby Phat	  	www.babyphat.com
			
	babyphatshop.com	  	Baby Phat	  	www.babyphat.com
			
	babyphatskinz.com	  	Baby Phat	  	www.babyphat.com
			
	baby-phat-skinz.com	  	Baby Phat	  	www.babyphat.com
			
	babyphatskinz.info	  	Baby Phat	  	www.babyphat.com
			
	baby-phat-skinz.info	  	Baby Phat	  	www.babyphat.com
			
	bbyp.ht	  	Baby Phat	  	Blank Site
			
	phat-fashion.biz	  	Baby Phat	  	www.babyphat.com
			
	phat-fashion.cc	  	Baby Phat	  	www.babyphat.com
			
	phatfashion.com	  	Baby Phat	  	www.babyphat.com
			
	phat-fashion.com	  	Baby Phat	  	www.babyphat.com
			
	phat-fashion.info	  	Baby Phat	  	www.babyphat.com
			
	phatfashion.net	  	Baby Phat	  	www.babyphat.com
			
	phat-fashion.net	  	Baby Phat	  	www.babyphat.com
			
	phatfashion.org	  	Baby Phat	  	www.babyphat.com
			
	phat-fashion.org	  	Baby Phat	  	www.babyphat.com

					
	phat-fashion.ws	  	Baby Phat	  	www.babyphat.com
			
	phatfashions.com	  	Baby Phat	  	www.babyphat.com
			
	phatfashions.net	  	Baby Phat	  	www.babyphat.com
			
	phatfashions.org	  	Baby Phat	  	www.babyphat.com
			
	phatphashions.cc	  	Baby Phat	  	www.babyphat.com
			
	phatphashions.tv	  	Baby Phat	  	www.babyphat.com
			
	phatthreads.tv	  	Baby Phat	  	www.babyphat.com
			
	phat-threads.tv	  	Baby Phat	  	www.babyphat.com
			
	phatthreads.us	  	Baby Phat	  	www.babyphat.com
			
	phat-threads.us	  	Baby Phat	  	www.babyphat.com
			
	shopbabyphat.com	  	Baby Phat	  	www.babyphat.com
			
	TheHouseOfPhat.com	  	Baby Phat	  	www.babyphat.com

 Schedule D 

DISCLOSURES 
 None. 

 Schedule 3.3 

CONSENTS 
  

	 	•	 	Consent to file Form UCC-3 Release of any Security Interests effective after the funding of the Purchase Price in each case granted under the following agreements or related documents: 

Credit Agreement dated as of October 19, 2011, among Kellwood Company and its domestic subsidiaries from time to time party thereto, the
financial institutions party thereto and Wells Fargo Bank, N.A., as agent for the Lenders (as defined therein), as amended, restated, supplemented, refunded, refinanced or otherwise modified from time to time. 

Term Loan Agreement dated as of October 19, 2011, among Kellwood Company and its domestic subsidiaries from time to time party thereto,
Cerberus Business Finance, LLC as agent and the lenders from time to time party thereto. 
 Second Amended and Restated Term A Loan
Agreement, dated as of April 20, 2012, by and among Kellwood Company and its domestic subsidiaries from time to time party thereto, SCSF Kellwood Finance LLC, Sun Kellwood Finance, LLC and Sun Kellwood Finance, LLC as collateral agent. 

Fourth Amended and Restated Term Loan Agreement, dated as of April 20, 2012, by and among Kellwood Company and its domestic subsidiaries
from time to time party thereto, SCSF Kellwood Finance LLC, Sun Kellwood Finance, LLC and Sun Kellwood Finance, LLC as collateral agent. 

12 7/8% second-priority senior secured PIK notes due 2014 issued pursuant to that indenture, dated as of July 23, 2009, by and among
Kellwood Company, as issuer, the guarantors party thereto and Wells Fargo Bank, National Association, as trustee and collateral agent. 
  

	 	•	 	Consent to Release of Security Interest in Trademarks effective after the funding of the Purchase Price in each case granted by the following agreements: 

Trademark Security Agreement dated October 19, 2011 in favor of Sun Kellwood Finance, LLC and recorded in the USPTO at Reel/Frame
4654/0053 on November 3, 2011. 
 Trademark Security Agreement dated October 19, 2011 in favor of Cerberus Business Finance, LLC
and recorded in the USPTO at Reel/Frame 4645/0127 on October, 2011. 

 Trademark Security Agreement dated July 23, 2009 in favor of Wells Fargo Bank, National
Association and recorded in the USPTO at Reel/Frame 4033/0608 on July 27, 2009. 
 Trademark Security Agreement dated October 19,
2011 in favor of Wells Fargo Bank, National Association and recorded in the USPTO at Reel/Frame 4644/0496 on October 19, 2011. 

 Schedule 4.8 

ABSENCE OF CONFLICTS 
  

	 	•	 	Assignment of Distributorship Agreement by and between Phat Fashions, LLC and T2M Fashion dated November 1, 2011. 

  

	 	•	 	Assignment of Distribution Agreement by and between Kellwood Company and Ossia International Limited dated January 1, 2012. 

  

	 	•	 	Credit Agreement dated as of October 19, 2011, among Kellwood Company and its domestic subsidiaries from time to time party thereto, the financial institutions party thereto and Wells Fargo Bank, N.A., as agent for
the Lenders (as defined therein), as amended, restated, supplemented, refunded, refinanced or otherwise modified from time to time. 

  

	 	•	 	Term Loan Agreement dated as of October 19, 2011, among Kellwood Company and its domestic subsidiaries from time to time party thereto, Cerberus Business Finance, LLC as agent and the lenders from time to time
party thereto. 

  

	 	•	 	Second Amended and Restated Term A Loan Agreement, dated as of April 20, 2012, by and among Kellwood Company and its domestic subsidiaries from time to time party thereto, SCSF Kellwood Finance LLC, Sun Kellwood
Finance, LLC and Sun Kellwood Finance, LLC as collateral agent. 

  

	 	•	 	Fourth Amended and Restated Term Loan Agreement, dated as of April 20, 2012, by and among Kellwood Company and its domestic subsidiaries from time to time party thereto, SCSF Kellwood Finance LLC, Sun Kellwood
Finance, LLC and Sun Kellwood Finance, LLC as collateral agent. 

  

	 	•	 	12 7/8% second-priority senior secured PIK notes due 2014 issued pursuant to that indenture, dated as of July 23, 2009, by and among Kellwood Company, as issuer, the guarantors party thereto and Wells Fargo Bank,
National Association, as trustee and collateral agent. 

 Schedule 4.9 

FINANCIAL INFORMATION 
 See the
attached financial information. 
 The first attachment represents revenue by year by month. Revenue is broken down between royalty, advertising, and
reserve as it is in the general ledger. 
 The second attachment is detail by licensee for 2012 actual revenue by month through EOM November. 

The third attachment is Detail by licensee for 2011 actual revenue for the fiscal year. (Identification of Baby Phat only revenue was done as Phat Farm was
sold. The information used to be reported together) 
 Note that the information reflects recognized, or accrued, revenue. When actuals are received, the
P&L is trued up and is reflected within the attached information. For 2012, most balances are outstanding in July through November (which is calendar Q3 and one month of calendar Q4). 

 Baby Phat 

Licensing Revenue* 
  

																																																																							
	 	  	 	  	Jan	 	 	Feb	 	 	Mar	 	 	Apr	 	 	May	 	 	Jun	 	 	Jul	 	 	Aug	 	 	Sep	 	 	Oct	 	 	Nov	 	 	Fiscal
YTD	 	 	Calendar
YTD	 	 	Dec	 	 	Jan	 	 	Fiscal
Full Year	 	 	Calendar
Full Year	 
	 2010
	  	Royalty	  	 	721	  	 	 	1,697	  	 	 	1,192	  	 	 	1,325	  	 	 	1,164	  	 	 	1,152	  	 	 	1,216	  	 	 	1,148	  	 	 	1,075	  	 	 	1,182	  	 	 	1,072	  	 	 	12,222	  	 	 	12,943	  	 	 	1,064	  	 	 	1,174	  	 	 	14,460	  	 	 	14,007	  
		  	Advertising	  	 	395	  	 	 	546	  	 	 	383	  	 	 	407	  	 	 	369	  	 	 	375	  	 	 	402	  	 	 	375	  	 	 	347	  	 	 	371	  	 	 	323	  	 	 	3,896	  	 	 	4,291	  	 	 	325	  	 	 	327	  	 	 	4,548	  	 	 	4,616	  
		  	Reserve	  	 	(970	) 	 	 	(653	) 	 	 	(151	) 	 	 	(369	) 	 	 	(91	) 	 	 	(466	) 	 	 	(628	) 	 	 	(70	) 	 	 	(146	) 	 	 	342	  	 	 	(41	) 	 	 	(2,271	) 	 	 	(3,241	) 	 	 	(76	) 	 	 	(2,245	) 	 	 	(4,592	) 	 	 	(3,317	) 
		  		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		  	Total	  	 	146	  	 	 	1,590	  	 	 	1,423	  	 	 	1,363	  	 	 	1,442	  	 	 	1,061	  	 	 	990	  	 	 	1,453	  	 	 	1,276	  	 	 	1,895	  	 	 	1,355	  	 	 	13,847	  	 	 	13,993	  	 	 	1,313	  	 	 	(744	) 	 	 	14,416	  	 	 	15,306	  
																			
	 2011
	  	Royalty	  	 	1,174	  	 	 	639	  	 	 	765	  	 	 	715	  	 	 	621	  	 	 	635	  	 	 	560	  	 	 	410	  	 	 	431	  	 	 	399	  	 	 	405	  	 	 	5,580	  	 	 	6,754	  	 	 	412	  	 	 	456	  	 	 	6,448	  	 	 	7,165	  
		  	Advertising	  	 	327	  	 	 	121	  	 	 	133	  	 	 	166	  	 	 	128	  	 	 	126	  	 	 	131	  	 	 	88	  	 	 	121	  	 	 	113	  	 	 	104	  	 	 	1,232	  	 	 	1,559	  	 	 	106	  	 	 	134	  	 	 	1,472	  	 	 	1,665	  
		  	Reserve	  	 	(2,245	) 	 	 	22	  	 	 	(14	) 	 	 	100	  	 	 	(3	) 	 	 	5	  	 	 	42	  	 	 	169	  	 	 	(10	) 	 	 	(10	) 	 	 	(9	) 	 	 	292	  	 	 	(1,953	) 	 	 	(9	) 	 	 	(51	) 	 	 	232	  	 	 	(1,962	) 
		  		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		  	Total	  	 	(744	) 	 	 	783	  	 	 	885	  	 	 	980	  	 	 	747	  	 	 	766	  	 	 	734	  	 	 	667	  	 	 	542	  	 	 	502	  	 	 	499	  	 	 	7,104	  	 	 	6,360	  	 	 	508	  	 	 	540	  	 	 	8,152	  	 	 	6,868	  
																			
	 2012
	  	Royalty	  	 	456	  	 	 	331	  	 	 	325	  	 	 	308	  	 	 	243	  	 	 	256	  	 	 	263	  	 	 	296	  	 	 	332	  	 	 	331	  	 	 	191	  	 	 	2,875	  	 	 	3,332	  	 				 				 				 			
		  	Advertising	  	 	134	  	 	 	86	  	 	 	84	  	 	 	82	  	 	 	78	  	 	 	66	  	 	 	74	  	 	 	64	  	 	 	66	  	 	 	73	  	 	 	35	  	 	 	709	  	 	 	843	  	 				 				 				 			
		  	Reserve	  	 	(51	) 	 	 	(7	) 	 	 	—  	  	 	 	—  	  	 	 	39	  	 	 	(64	) 	 	 	—  	  	 	 	45	  	 	 	(82	) 	 	 	(46	) 	 	 	41	  	 	 	(74	) 	 	 	(125	) 	 				 				 				 			
		  		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 				 				 				 			
		  	Total	  	 	540	  	 	 	410	  	 	 	409	  	 	 	391	  	 	 	360	  	 	 	257	  	 	 	337	  	 	 	406	  	 	 	316	  	 	 	358	  	 	 	266	  	 	 	3,509	  	 	 	4,049	  	 				 				 				 			

  

	*	Based on recognized revenue on general ledger. 

 Baby Phat 

2012 
  

																																													
	 	  	Feb	 	  	Mar	 	  	Apr	 	  	May	 	 	Jun	 	 	Jul	 	  	Aug	 	 	Sep	 	 	Oct	 	 	Nov	 	 	Total	 
	 Royalty
	  				  				  				  				 				 				  				 				 				 				 			
	 Check Group (Old Licensee)
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	50.0	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	50.0	  
	 eFashions (Ecomm Platform)
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	(10.6	) 	 	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(10.6	) 
	 Ossia (Singapore Distributor)
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  
	 Hypnotic Hats (Cold Weather / Hosiery)
	  	 	10.0	  	  	 	10.0	  	  	 	10.0	  	  	 	10.0	  	 	 	10.0	  	 	 	10.0	  	  	 	10.0	  	 	 	(20.0	) 	 	 	10.0	  	 	 	10.0	  	 	 	70.0	  
	 Mitzi / Betesh (Handbags)
	  	 	32.3	  	  	 	32.6	  	  	 	32.6	  	  	 	32.6	  	 	 	24.8	  	 	 	25.1	  	  	 	22.2	  	 	 	30.0	  	 	 	30.0	  	 	 	30.0	  	 	 	292.2	  
	 Vida (Dress Shoes)
	  	 	20.4	  	  	 	20.4	  	  	 	20.4	  	  	 	20.4	  	 	 	27.9	  	 	 	40.8	  	  	 	40.8	  	 	 	40.8	  	 	 	40.8	  	 	 	40.8	  	 	 	313.8	  
	 Parigi (Kids)
	  	 	62.8	  	  	 	62.8	  	  	 	62.8	  	  	 	9.0	  	 	 	41.0	  	 	 	42.7	  	  	 	94.4	  	 	 	104.1	  	 	 	104.1	  	 	 	(42.5	) 	 	 	541.3	  
	 Silver Goose (Infants)
	  	 	8.1	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	(27.2	) 	 	 	—  	  	 	 	(19.1	) 
	 Anthony L&S (Athletic Shoes)
	  	 	100.0	  	  	 	100.0	  	  	 	100.0	  	  	 	100.0	  	 	 	100.0	  	 	 	100.0	  	  	 	100.0	  	 	 	100.0	  	 	 	100.0	  	 	 	100.0	  	 	 	1,000.0	  
	 Modo (Eyewear)
	  	 	22.3	  	  	 	22.3	  	  	 	22.3	  	  	 	22.3	  	 	 	22.3	  	 	 	12.7	  	  	 	12.3	  	 	 	12.3	  	 	 	13.3	  	 	 	13.3	  	 	 	175.7	  
	 Noho (Outerwear)
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	 	 	(54.2	) 	 	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(54.2	) 
	 Strategic Distribution (Medical Scrubs)
	  	 	33.3	  	  	 	33.3	  	  	 	16.7	  	  	 	16.7	  	 	 	16.7	  	 	 	16.7	  	  	 	16.7	  	 	 	16.7	  	 	 	16.7	  	 	 	16.7	  	 	 	200.0	  
	 Q4 Designs (Swimwear)
	  	 	32.3	  	  	 	32.3	  	  	 	32.3	  	  	 	19.9	  	 	 	1.0	  	 	 	1.0	  	  	 	(13.5	) 	 	 	3.9	  	 	 	3.9	  	 	 	12.8	  	 	 	126.0	  
	 Stylos (Mexico Distributor)
	  	 	3.3	  	  	 	10.4	  	  	 	10.4	  	  	 	10.4	  	 	 	10.4	  	 	 	12.5	  	  	 	57.2	  	 	 	12.5	  	 	 	12.5	  	 	 	12.5	  	 	 	152.2	  
	 Intimate Company (Intimates)
	  				  				  				  				 				 				  				 				 				 				 	 	—  	  
	 Urban Luxury (South Africa Distributor)
	  	 	0.9	  	  	 	0.9	  	  	 	0.9	  	  	 	1.2	  	 	 	(10.3	) 	 	 	1.2	  	  	 	1.4	  	 	 	1.4	  	 	 	(9.0	) 	 	 	—  	  	 	 	(11.5	) 
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Total
	  	 	325.8	  	  	 	325.1	  	  	 	308.5	  	  	 	282.0	  	 	 	189.7	  	 	 	262.7	  	  	 	341.5	  	 	 	301.7	  	 	 	295.1	  	 	 	193.6	  	 	 	2,825.7	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Advertising
	  				  				  				  				 				 				  				 				 				 				 			
	 Ossia (Singapore Distributor)
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	4.9	  	  	 	0.7	  	 	 	(5.6	) 	 	 	—  	  	 	 	—  	  	 	 	0.0	  
	 Hypnotic Hats (Cold Weather / Hosiery)
	  	 	3.8	  	  	 	3.8	  	  	 	3.8	  	  	 	3.8	  	 	 	3.8	  	 	 	3.8	  	  	 	3.8	  	 	 	(7.5	) 	 	 	3.8	  	 	 	3.8	  	 	 	26.3	  
	 Mitzi / Betesh (Handbags)
	  	 	12.2	  	  	 	12.2	  	  	 	12.2	  	  	 	12.2	  	 	 	9.3	  	 	 	9.4	  	  	 	8.4	  	 	 	11.3	  	 	 	11.3	  	 	 	11.3	  	 	 	109.6	  
	 Parigi (Kids)
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	(40.6	) 	 	 	—  	  	 	 	—  	  	 	 	(40.6	) 
	 Vida (Dress Shoes)
	  	 	5.8	  	  	 	5.8	  	  	 	5.8	  	  	 	5.8	  	 	 	5.8	  	 	 	11.7	  	  	 	11.7	  	 	 	11.7	  	 	 	11.7	  	 	 	11.7	  	 	 	87.2	  
	 Silver Goose (Infants)
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	(10.2	) 	 	 	—  	  	 	 	(10.2	) 
	 Anthony L&S (Athletic Shoes)
	  	 	37.5	  	  	 	37.5	  	  	 	37.5	  	  	 	37.5	  	 	 	37.5	  	 	 	37.5	  	  	 	37.5	  	 	 	37.5	  	 	 	37.5	  	 	 	37.5	  	 	 	375.0	  
	 Modo (Eyewear)
	  	 	8.8	  	  	 	8.8	  	  	 	8.8	  	  	 	8.8	  	 	 	8.8	  	 	 	4.7	  	  	 	5.0	  	 	 	5.0	  	 	 	5.0	  	 	 	5.0	  	 	 	68.4	  
	 Strategic Distribution (Medical Scrubs)
	  	 	4.2	  	  	 	4.2	  	  	 	2.1	  	  	 	2.1	  	 	 	2.1	  	 	 	2.1	  	  	 	2.1	  	 	 	2.1	  	 	 	2.1	  	 	 	2.1	  	 	 	25.0	  
	 Intimate Company (Intimates)
	  				  				  				  				 				 				  				 				 				 				 	 	—  	  
	 Q4 Designs (Swimwear)
	  	 	12.1	  	  	 	12.1	  	  	 	12.1	  	  	 	7.5	  	 	 	0.5	  	 	 	0.5	  	  	 	(5.0	) 	 	 	0.5	  	 	 	1.4	  	 	 	1.4	  	 	 	43.0	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Total
	  	 	84.3	  	  	 	84.3	  	  	 	82.2	  	  	 	77.5	  	 	 	67.7	  	 	 	74.4	  	  	 	64.1	  	 	 	14.3	  	 	 	62.4	  	 	 	72.6	  	 	 	683.7	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Grand Total
	  	 	410.1	  	  	 	409.4	  	  	 	390.6	  	  	 	359.5	  	 	 	257.4	  	 	 	337.2	  	  	 	405.6	  	 	 	316.0	  	 	 	357.5	  	 	 	266.2	  	 	 	3,509.4	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 

 Baby Phat 

2011 
  

					
	 	  	2011	 
	 Total
	  	Actual	 
	 Aquarius
	  	 	—  	  
	 Age Group (Intimates)
	  	 	193	  
	 BP Clothing
	  	 	1,023	  
	 Check Group
	  	 	—  	  
	 eFashions
	  	 	21	  
	 Vichen
	  	 	—  	  
	 Hypnotic Hats
	  	 	202	  
	 Mitzi / Betesh
	  	 	539	  
	 Vida
	  	 	398	  
	 Parigi
	  	 	2,941	  
	 Planet Sox
	  	 	—  	  
	 Silver Goose (Infants)
	  	 	169	  
	 Silver Goose (Luggage)
	  	 	93	  
	 Anthony L&S
	  	 	1,136	  
	 Modo
	  	 	364	  
	 Noho
	  	 	194	  
	 Strategic Distribution
	  	 	450	  
	 Stretch Mens
	  	 	—  	  
	 Stretch / Q4 Designs Swim
	  	 	318	  
	 JMS
	  	 	—  	  
	 Stylos
	  	 	98	  
	 Urban Luxury
	  	 	14	  
		  	  
	  
	 
	 Total
	  	 	8,152	  
		
	 Royalty
	  	2011	 
	 Aquarius
	  			
	 Age Group (Intimates)
	  	 	140	  
	 BP Clothing
	  	 	1,023	  
	 Check Group
	  			
	 eFashions
	  	 	21	  
	 Vichen
	  			
	 Hypnotic Hats
	  	 	147	  
	 Mitzi / Betesh
	  	 	392	  
	 Vida
	  	 	309	  
	 Parigi
	  	 	2,409	  
	 Planet Sox
	  			
	 Silver Goose (Infants)
	  	 	123	  
	 Silver Goose (Luggage)
	  	 	68	  
	 Anthony L&S
	  	 	826	  
	 Modo
	  	 	265	  
	 Noho
	  	 	156	  
	 Strategic Distribution
	  	 	400	  
	 Stretch Mens
	  			
	 Stretch / Q4 Designs Swim
	  	 	230	  
	 JMS
	  			
	 Stylos
	  	 	98	  
	 Urban Luxury
	  	 	14	  
		  	  
	  
	 
	 Total
	  	 	6,620	  
		
	 Advertising
	  	2011	 
	 Aquarius
	  			
	 Age Group (Intimates)
	  	 	53	  
	 BP Clothing
	  			
	 Check Group
	  			
	 eFashions
	  			
	 Vichen
	  			
	 Hypnotic Hats
	  	 	55	  
	 Mitzi / Betesh
	  	 	147	  
	 Vida
	  	 	89	  
	 Parigi
	  	 	532	  
	 Planet Sox
	  			
	 Silver Goose (Infants)
	  	 	46	  
	 Silver Goose (Luggage)
	  	 	25	  
	 Anthony L&S
	  	 	310	  
	 Modo
	  	 	99	  
	 Noho
	  	 	38	  
	 Strategic Distribution
	  	 	50	  
	 Stretch Mens
	  			
	 Stretch / Q4 Designs Swim
	  	 	88	  
	 JMS
	  			
	 Stylos
	  			
	 Urban Luxury
	  			
		  	  
	  
	 
	 Total
	  	 	1,532	  

 EXHIBIT D 

PF TRANSFERRED ASSETS 
 See
attached. 

 Schedule A 

TRANSFERRED CONTRACTS 

[On file with the Company] 

 Schedule B 

INTELLECTUAL PROPERTY 
 Domestic
Trademarks: 
  

											
	 Trademark
	  	 Owner
	  	 Status in
Trademark
Office
	    	 Federal
Registration
Number
	  	Registration Date	  	Class
						
	

	  	Phat Fashions LLC	  	Registered	    	3,735,330	  	1/5/2010	  	25
						
	

	  	Phat Fashions LLC	  	Registered	    	3,759,361	  	3/9/2010	  	21
						
	

	  	Phat Fashions LLC	  	Registered	    	3,624,700	  	5/19/2009	  	26
						
	

	  	Phat Fashions LLC	  	Registered	    	3,233,844	  	4/24/2007	  	9
						
	

	  	Phat Fashions LLC	  	Registered	    	3,240,184	  	5/8/2007	  	9
						
	

	  	Phat Fashions LLC	  	Registered	    	2,440,358	  	4/3/2001	  	25
						
	

	  	Phat Fashions LLC	  	Registered	    	2,538,563	  	2/12/2002	  	18
						
	

	  	Phat Fashions LLC	  	Registered	    	3,037,296	  	1/3/2006	  	25

											
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	    	3,613,885	  	4/28/2009	  	26
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	    	3,701,862	  	10/27/2009	  	24
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	    	3,591,599	  	3/17/2009	  	16
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	    	3,181,285	  	2/21/2006	  	6
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	    	3,220,372	  	3/20/2007	  	9
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	    	3,386,191	  	2/19/2008	  	35
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	    	2,240,881	  	4/20/1999	  	25
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	    	2,538,494	  	2/12/2002	  	18
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	    	2,736,998	  	7/15/2003	  	14
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	    	2,811,059	  	2/3/2004	  	9
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	    	3,004,138	  	10/4/2005	  	25
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	    	3,051,588	  	1/24/2006	  	14
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	    	3,060,441	  	2/21/2006	  	9
						
	

	  	Phat Fashions LLC	  	Registered	    	3,000,181	  	9/27/2005	  	25
						
	

	  	Phat Fashions LLC	  	Registered	    	3,743,384	  	10/26/2009	  	24
						
	

	  	Phat Fashions LLC	  	Registered	    	3,723,824	  	12/8/2009	  	21
						
	

	  	Phat Fashions LLC	  	Registered	    	3,600,115	  	3/31/2009	  	3
						
	

	  	Phat Fashions LLC	  	Registered	    	2,303,780	  	12/28/1999	  	25
						
	

	  	Phat Fashions LLC	  	Registered	    	3,004,685	  	10/4/2005	  	14
						
	

	  	Phat Fashions LLC	  	Registered (South Carolina)	    	SCO12501	  	6/28/2001	  	25

											
						
	

	  	Phat Fashions LLC	  	Registered	    	3,759,401	  	3/9/2010	  	3
						
	

	  	Phat Fashions LLC	  	Registered	    	3,735,329	  	1/5/2010	  	24
						
	

	  	Phat Fashions LLC	  	Registered	    	3,723,825	  	12/8/2009	  	21
						
	

	  	Phat Fashions LLC	  	Registered	    	3,551,930	  	12/23/2008	  	20
						
	

	  	Phat Fashions LLC	  	Registered	    	3,109,678	  	6/27/2006	  	9
						
	

	  	Phat Fashions LLC	  	Registered	    	2,429,559	  	2/20/2001	  	25
						
	

	  	Phat Fashions LLC	  	Registered	    	2,541,251	  	2/19/2002	  	18
						
	

	  	Phat Fashions LLC	  	Registered	    	2,881,224	  	9l7/2004	  	9
						
	

	  	Phat Fashions LLC	  	Registered	    	3,000,182	  	9/27/2005	  	25

											
						
	

	  	Phat Fashions LLC	  	Registered	    	3,006,170	  	10/11/2005	  	14
						
	BABY PHAT GIRLZ	  	Phat Fashions LLC	  	Registered	    	3,149,054	  	9/26/2006	  	25
						
	BABY PHAT GIRLZ	  	Phat Fashions LLC	  	Registered	    	2,557,269	  	4/2/2002	  	25
						
	BABY PHAT GIRLZ	  	Phat Fashions LLC	  	Registered	    	2,867,090	  	7/27/2004	  	18
						
	BABY PHAT GODDESS	  	Phat Fashions LLC	  	Registered	    	3,512,917	  	10/7/2008	  	3
						
	

	  	Phat Fashions LLC	  	Registered	    	3,512,918	  	10/7/2008	  	3
						
	BABY PHAT GOLDEN GODDESS	  	Phat Fashions LLC	  	Registered	    	3,366,942	  	1/8/2008	  	3
						
	

	  	Phat Fashions LLC	  	Registered	    	3,374,112	  	1/22/2008	  	3
						
	BABY PHAT SEDUCTIVE GODDESS	  	Phat Fashions LLC	  	Registered	    	3,860,529	  	10/12/2010	  	3
						
	PHAT	  	Phat Fashions LLC	  	Registered	    	2,372,748	  	8/l/2000	  	25

 Domestic Copyrights: 
  

									
	 Title
	  	 Owner
	  	 Status in
Copyright
Office
	  	 Federal
Registration
Number
	  	Registration Date
	“Baby Phat” and Cat Design	  	Phat Fashions, LLC	  	Registered	  	VA-852-101	  	11/25/1998
					
	Baby Phat Crown Badge	  	Phat Fashions, LLC	  	Registered	  	VA-0001622877	  	10/29/2007
					
	Baby Phat Crown Burst	  	Phat Fashions, LLC	  	Registered	  	VA-0001622872	  	10/29/2007

 Foreign Trademarks: 
  

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	Registration
Date	 	 Class
	  	 Litigation / Opposition
Status

	 BABY PHAT
	  	Phat Fashions LLC	  	Argentina	  	Pending	  	[s/n 3,045,665]	  	[filed
11/11/2010]	 	25	  	In January of 2012, application was opposed by Empresas CMPC S.A. on the basis that it is confusingly similar to its own applications or registrations for the marks BABY SEC, BABYSEC BASIO, BABYSEC, and BABY SEC LO HIZO.
Instructed counsel to initiate negotiations with opponent and argue that several applications for marks containing the word “BABY” have registered in the Argentinian Trademark Office.
								
	BABY PHAT	  	Phat Fashions LLC	  	Australia	  	Registered	  	774453	  	9/30/1998	 	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Australia	  	Registered	  	1,066,407	  	7/11/2005	 	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Bahrain	  	Registered	  	44076	  	4/10/2005	 	18	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Bahrain	  	Registered	  	44077	  	4/10/2005	 	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

	 PHAT
	  	Phat Fashions LLC	  	Benelux	  	Renewed	  	552164	  	4/27/1994	  	25	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	Bolivia	  	Registered	  	87321-C	  	7/16/2002	  	25	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	Brazil	  	Pending (Suspended)	  	[s/n 821.880.675]	  	[filed 8/2/1999]	  	25	  	This application is being kept in abeyance until final decisions rendered with respect to Application Nos. 821.346.300 for PHAT FARM and 821.346.326 for THE PHAT FARM NYC FINE QUALITY AUTHENTIC FLY GOODS. These applications are
being kept in abeyance until a final decision is rendered with respect to Application No. 820.033.146 for FARM RIO in Class 25. Counsel filed a petition to disassociate the BABY PHAT application from the PHAT FARM applications, but as of March 2011,
no response had been received from the Trademark Office.
								
	 

	  	Phat Fashions LLC	  	Brazil	  	Pending	  	 [s/n
 830.448.829]
	  	[filed 11/27/2009]	  	25	  	The granting of this application was published in the Official Gazette on August 21, 2012. Counsel paid the registration fees, and the registration certificate is forthcoming.
								
	 

	  	Phat Fashions LLC	  	Brazil	  	Pending	  	 [s/n
 830.448.810]
	  	[filed 11/27/2009]	  	14	  	The granting of this application was published in the Official Gazette on August 21, 2012. Counsel paid the registration fees, and the registration certificate is forthcoming.
								
	 BABY PHAT
	  	Phat Fashions LLC	  	Bulgaria	  	Registered	  	64975	  	5/12/2008	  	25	  	N/A
								
	 

	  	Phat Fashions LLC	  	Bulgaria	  	Registered	  	64976	  	5/12/2008	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition
Status

								
	

	  	Phat Fashions LLC	  	Bulgaria	  	Registered	  	64977	  	5/12/2008	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Bulgaria	  	Registered	  	62247	  	12/3/2007	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Canada	  	Registered	  	760154	  	2/24/2010	  	3	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Canada	  	Registered	  	557141	  	1/30/2002	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Canada	  	Registered	  	760461	  	2/26/2010	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	Canada	  	Registered	  	761902	  	3/17/2010	  	9, 18, 25	  	N/A
								
	

	  	Phat Fashions LLC	  	Canada	  	Registered	  	762606	  	3/24/2010	  	9, 18, 25	  	N/A
								
	BABY PHAT GODDESS	  	Phat Fashions LLC	  	Canada	  	Registered	  	722944	  	9/4/2008	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	Canada	  	Registered	  	772952	  	9/4/2008	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	Canada	  	Registered	  	761903	  	3/17/2010	  	9, 18, 25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Chile	  	Registered	  	879694	  	1/18/2000	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	 China
 (Peoples’ Republic)
	  	Registered	  	4,924,866	  	3/28/2009	  	3	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	 China
 (Peoples’ Republic)
	  	Registered	  	4,924,867	  	2/14/2009	  	14	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	Federal
Registration
Number	 	 Registration
Date
	  	 Class
	  	 Litigation / Opposition
Status

	BABY PHAT	  	Phat Fashions LLC	  	 China
 (Peoples’ Republic)
	  	Registered	  	1,358,532	 	1/28/2000	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	 China
 (Peoples’ Republic)
	  	Registered	  	6,553,521	 	6/21/2010	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	 China
 (Peoples’ Republic)
	  	Registered	  	6,553,522	 	6/21/2010	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	 China
 (Peoples’ Republic)
	  	Registered	  	4,518,596	 	12/14/2008	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	 China
 (Peoples’ Republic)
	  	Registered	  	4,518,595	 	2/7/2009	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	 China
 (Peoples’ Republic)
	  	Registered	  	4,518,708	 	5/28/2008	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	 China
 (Peoples’ Republic)
	  	Pending	  	[s/n 6,848,582]	 	[filed 7/18/2008]	  	25	  	In March of 2010, the application was refused, and so Phat filed a review of the refusal in April of 2010. The examination of Phat’s application for review of the refusal is still pending.
								
	

	  	Phat Fashions LLC	  	 China
 (Peoples’ Republic)
	  	Registered	  	4,518,597	 	5/28/2008	  	14	  	N/A
								
	

	  	Phat Fashions LLC	  	 China
 (Peoples’ Republic)
	  	Pending (Suspended)	  	[s/n 4,518,709]	 	[filed 3/1/2005]	  	9	  	In August of 2007, the application was refused, and so Phat filed a review of the refusal. The examination of Phat’s application for review of the refusal is still pending.

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	Federal
Registration
Number	 	 Registration
Date
	  	 Class
	  	 Litigation / Opposition
Status

								
	

	  	Phat Fashions LLC	  	 China
 (Peoples’ Republic)
	  	Pending	  	[s/n 6,848,581]	 	[filed 7/18/2008]	  	25	  	In March of 2010, the application was refused, and so Phat filed a review of the refusal in April of 2010. The examination of Phat’s application for review of the refusal is still pending.
								
	

	  	Phat Fashions LLC	  	 China
 (Peoples’ Republic)
	  	Pending (Suspended)	  	[s/n 4,518,593]	 	[filed 3/1/2005]	  	9	  	In August of 2007, the application was refused, and so Phat filed a review of the refusal. The examination of Phat’s application for review of the refusal is still pending.
								
	

	  	Phat Fashions LLC	  	 China
 (Peoples’ Republic)
	  	Registered	  	4,518,590	 	2/7/2009	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	 China
 (Peoples’ Republic)
	  	Registered	  	4,518,594	 	5/28/2008	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	 China
 (Peoples’ Republic)
	  	Registered	  	4,518,592	 	5/28/2008	  	14	  	N/A
								
	

	  	Phat Fashions LLC	  	 China
 (Peoples’ Republic)
	  	Registered	  	4,518,591	 	12/14/2008	  	18	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Colombia	  	Registered	  	235387	 	4/27/2001	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	 Cyprus,
 Republic of
	  	Registered	  	71302	 	4/14/2005	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	 Cyprus,
 Republic of
	  	Registered	  	71301	 	4/14/2005	  	18	  	N/A
								
	PHAT	  	Phat Fashions LLC	  	Denmark	  	Renewed	  	4608/94	 	7/8/1994	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	Phat Fashions LLC	  	Dominican Republic	  	Registered	  	107843	  	10/30/1999	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Dominican Republic	  	Registered	  	107837	  	10/30/1999	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Ecuador	  	Registered	  	3430-00	  	6/26/2000	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Egypt	  	Registered	  	201585	  	9/8/2009	  	18	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Egypt	  	Registered	  	201586	  	5/23/2007	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	El Salvador	  	Registered	  	144 Book 136	  	8/10/2001	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	European Community	  	Registered	  	000881524	  	10/13/1999	  	9, 18, 25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	European Community	  	Registered	  	004923553	  	3/29/2007	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	European Community	  	Registered	  	004643342	  	9/20/2005	  	9, 18, 25	  	N/A
								
	

	  	Phat Fashions LLC	  	European Community	  	Registered	  	004923777	  	3/30/2007	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	European Community	  	Registered	  	004643375	  	8/2/2007	  	9, 18, 25	  	N/A
								
	PHAT	  	Phat Fashions LLC	  	France	  	Registered	  	93/481938	  	8/31/1993	  	9, 25, 42	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Guatemala	  	Registered	  	104571	  	5/23/2000	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Honduras	  	Registered	  	99956	  	2/21/2007	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	300498736	  	9/21/2005	  	3, 14	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	301048590	  	2/11/2008	  	18	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	200215781	  	8/26/1998	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	301048608	  	2/11/2008	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	300498727	  	9/21/2005	  	3, 14	  	N/A
								
	

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	3004497944	  	9/20/2005	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	301048617	  	2/11/2008	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	300498718	  	9/21/2005	  	3, 14	  	N/A
								
	

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	301048626	  	2/11/2008	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	300497935	  	9/20/2005	  	25	  	N/A
								
	PHAT	  	Phat Fashions LLC	  	Hong Kong	  	Renewed	  	3613/95	  	4/26/1993	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	Phat Fashions LLC	  	India	  	Registered	  	1,275,909	  	1/17/2006	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Indonesia	  	Pending	  	[s/n D00.2009.0006 75]	  	[filed 1/9/2009]	  	25	  	In August of 2010, the Indonesian Trademark Office rejected this application due to its similarity to the prior trademark application (No. D002007014087) for BABYPHAT and Device filed by Rosni Kosman. Phat filed an opposition to
this application as well as a response to the office action on September 2, 2010 and is still awaiting a decision.
								
	 

	  	Phat Fashions LLC	  	Indonesia	  	Pending	  	[s/n D00.2009.0006 76]	  	[filed 1/9/2009]	  	18	  	In August of 2010, the Indonesian Trademark Office rejected this application due to its similarity to the prior trademark application (No. D002007014087) for BABYPHAT and Device filed by Rosni Kosman. Phat filed an opposition to
this application as well as a response to the office action on September 2, 2010 and is still awaiting a decision.
								
	

	  	Phat Fashions LLC	  	International Registration (Madrid Protocol)	  	Registered	  	IR 905391	  	3/3/2006	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	International Registration (Madrid Protocol)	  	Registered	  	IR 882532	  	2/22/2006	  	3	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

								
	

	  	Phat Fashions LLC	  	Italy	  	Registered	  	1432026	  	3/10/2011	  	25	  	N/A
								
	PHAT	  	Phat Fashions LLC	  	Italy	  	Renewed	  	00695475	  	5/3/1994	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Japan	  	Registered	  	4692771	  	7/18/2003	  	14, 18	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Japan	  	Registered	  	4293397	  	7/9/1999	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Japan	  	Registered	  	5101609	  	12/28/2007	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	Japan	  	Registered	  	5170939	  	10/3/2008	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	Japan	  	Registered	  	4896783	  	9/22/2005	  	3, 9, 14, 18, 25	  	N/A
								
	

	  	Phat Fashions LLC	  	Japan	  	Registered	  	4896782	  	9/22/2005	  	3, 9	  	N/A
								
	PHAT	  	Phat Fashions LLC	  	Japan	  	Renewed	  	3370202	  	9/11/1998	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Jordan	  	Registered	  	91564	  	4/10/2007	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Jordan	  	Registered	  	91563	  	4/10/2007	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Korea, Republic of	  	Registered	  	0458243	  	11/9/1999	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	Phat Fashions LLC	  	Korea, Republic of	  	Registered	  	40-0678282	  	9/14/2006	  	3, 14	  	N/A
								
	

	  	Phat Fashions LLC	  	Korea, Republic of	  	Registered	  	40-0664997	  	6/5/2006	  	3, 9, 14, 18, 25	  	N/A
								
	

	  	Phat Fashions LLC	  	Korea, Republic of	  	Registered	  	40-0664996	  	6/5/2006	  	3, 9, 14, 18, 25	  	N/A
								
	PHAT	  	Phat Fashions LLC	  	Korea, Republic of	  	Renewed	  	315203	  	6/10/1995	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Kuwait	  	Registered	  	59255	  	5/28/2005	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Kuwait	  	Registered	  	58934	  	5/28/2005	  	18	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Lebanon	  	Registered	  	110636	  	4/17/2007	  	18, 25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Macao	  	Registered	  	19197	  	2/9/2006	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Macao	  	Registered	  	19203	  	2/9/2006	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Macao	  	Registered	  	19202	  	2/9/2006	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Mexico	  	Registered	  	910763	  	11/28/2005	  	9	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	Phat Fashions LLC	  	Mexico	  	Registered	  	878711	  	4/27/2005	  	3	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Mexico	  	Renewed	  	589794	  	8/20/1998	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Mexico	  	Registered	  	1196685	  	1/14/2011	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	Mexico	  	Registered	  	912979	  	12/8/2005	  	9	  	N/A
								
	

	  	Phat Fashions LLC	  	Mexico	  	Registered	  	878135	  	4/26/2005	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	Mexico	  	Registered	  	1083925	  	2/12/2009	  	9	  	N/A
								
	

	  	Phat Fashions LLC	  	Mexico	  	Registered	  	1131983	  	11/26/2009	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	Mexico	  	Pending	  	[s/n 911173]	  	[filed 2/2/2008]	  	25	  	This application was rejected due to the trademark registration (No. 977592) for LADY PARIS and Cat Design (see below for further detail on the Cancellation Action that Phat Fashions filed against this registration).
								
	

	  	Phat Fashions LLC	  	Mexico	  	Registered	  	912980	  	12/8/2005	  	9	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	New Zealand	  	Renewed	  	297097	  	8/24/1998	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

								
	

	  	Phat Fashions LLC	  	New Zealand	  	Registered	  	732424	  	7/11/2005	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Nicaragua	  	Registered	  	46047 C.C.	  	1/5/2001	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Norway	  	Registered	  	202429	  	4/17/2000	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Norway	  	Registered	  	237042	  	1/2/2007	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Norway	  	Registered	  	237043	  	1/2/2007	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Norway	  	Registered	  	237045	  	1/2/2007	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Oman	  	Registered	  	43811	  	1/30/2008	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Oman	  	Registered	  	43810	  	11/11/2007	  	18	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Panama	  	Registered	  	102243	  	8/13/1999	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Paraguay	  	Registered	  	222339	  	2/7/2000	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Peru	  	Registered	  	058267	  	10/15/1999	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

								
	

	  	Phat Fashions LLC	  	Peru	  	Registered	  	176049	  	5/23/2011	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Peru	  	Registered	  	175423	  	3/31/2011	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Qatar	  	Registered	  	44406	  	4/25/2007	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Qatar	  	Registered	  	44407	  	4/25/2007	  	18	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Romania	  	Registered	  	074184	  	1/11/2006	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Romania	  	Registered	  	074185	  	1/11/2006	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Romania	  	Registered	  	074176	  	1/11/2006	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Romania	  	Registered	  	074186	  	1/11/2006	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Russian Federation	  	Registered	  	276912	  	10/21/2004	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Russian Federation	  	Registered	  	321362	  	2/19/2007	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Russian Federation	  	Registered	  	269478	  	5/31/2004	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition
Status

								
	

	  	Phat Fashions LLC	  	Russian Federation	  	Registered	  	322147	  	3/12/2007	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Saudi Arabia	  	Registered	  	996/75	  	6/19/2008	  	18	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Saudi Arabia	  	Registered	  	955/10	  	11/10/2007	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01908]	  	[filed 2/11/2004]	  	14	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and 18.
								
	BABY PHAT	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01910]	  	[filed 2/11/2004]	  	25	  	This application has been rejected by the Registrar due to the following registrations: -2002/01162 PHAT HAIR in Class 3 in the name of Designer Group (Pty) Ltd. -2002/19607 PHAT FARM in Class 25 in the name of J & L Sales CC
-1998/12663 PHAT JOE in Class 25 in the name of Black Chameleon Entertainment CC -2001/18594 PHAT in Class 25 in the name of Truworths Ltd -2002/00488 PHAT BASTARD in Class 25 in the name of Alcon Impex (Pty) Ltd -2003/16633 PHATCAT in Class 25 in
the name of Reldann Properties No. 2 CC
								
	BABY PHAT	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01909]	  	[filed 2/11/2004]	  	18	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and 18.

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01907]	  	[filed 2/11/2004]	  	9	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and 18.
								
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01942	  	8/13/2008	  	9	  	N/A
								
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01944	  	8/13/2008	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01941	  	8/13/2008	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01945	  	8/13/2008	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01943	  	8/13/2008	  	14	  	N/A
								
	PHAT	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01899]	  	[filed 2/11/2004]	  	18	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and 18.
								
	PHAT	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01898]	  	[filed 2/11/2004]	  	14	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and
18.

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

	PHAT	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01897]	  	[filed 2/11/2004]	  	9	  	This application has been rejected by the Registrar due to the following registrations: -2002/01162 PHAT HAIR in Class 3 in the name of Designer Group (Pty) Ltd.
-2002/19607 PHAT FARM in Class 25 in the name of J & L Sales CC -1998/12663 PHAT JOE in Class 25 in the name of Black Chameleon Entertainment CC -2001/18594 PHAT in
Class 25 in the name of Truworths Ltd -2002/00488 PHAT BASTARD in Class 25 in the name of Alcon Impex (Pty) Ltd -2003/16633 PHATCAT in Class 25 in the name of Reldann Properties No. 2 CC
								
	PHAT	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01900]	  	[filed 2/11/2004]	  	25	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and 18.
								
	BABY PHAT	  	Phat Fashions LLC	  	Sweden	  	Registered	  	337019	  	5/5/2000	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Switzerland	  	Registered	  	470.895	  	10/19/1999	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Switzerland	  	Registered	  	543.074	  	2/23/2006	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Switzerland	  	Registered	  	543.075	  	2/23/2006	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

								
	

	  	Phat Fashions LLC	  	Switzerland	  	Registered	  	543.076	  	2/23/2006	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1213413	  	6/16/2006	  	3	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1211505	  	6/1/2006	  	14	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1252965	  	3/1/2007	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1213415	  	6/16/2006	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1211507	  	6/1/2006	  	14	  	N/A
								
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1346472	  	1/16/2009	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1252970	  	3/1/2007	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1213414	  	6/16/2006	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1211506	  	6/1/2006	  	14	  	N/A
								
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1252969	  	3/1/2007	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

	PHAT	  	Phat Fashions LLC	  	Taiwan	  	Renewed	  	626361	  	1/1/1994	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Thailand	  	Registered	  	215635	  	3/23/2005	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	Thailand	  	Registered	  	240010	  	2/24/2004	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Turkey	  	Registered	  	2005/08321	  	3/11/2005	  	18, 25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Turkey	  	Registered	  	2002/14586	  	6/13/2002	  	3, 14, 18, 25	  	N/A
								
	

	  	Phat Fashions LLC	  	Turkey	  	Registered	  	2006/01384	  	1/18/2006	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Turkey	  	Registered	  	2006/01500	  	1/19/2006	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Turkey	  	Registered	  	2006/01498	  	1/19/2006	  	25	  	N/A
								
	PHAT	  	Phat Fashions LLC	  	Turkey	  	Registered	  	2002/14585	  	6/13/2002	  	3, 14, 18, 25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	United Arab Emirates	  	Registered	  	58642	  	3/14/2006	  	18	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	United Arab Emirates	  	Registered	  	58641	  	3/14/2006	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

								
	

	  	Phat Fashions LLC	  	United Arab Emirates	  	Registered	  	85293	  	11/26/2007	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	United Kingdom (Madrid Protocol)	  	Registered	  	IR 905391	  	3/3/2006	  	3	  	N/A
								
	PHAT	  	Phat Fashions LLC	  	United Kingdom	  	Renewed	  	1545530	  	8/19/1993	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Uruguay	  	Registered	  	314.451	  	2/16/2000	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Venezuela	  	Registered	  	P-219.712	  	4/7/2000	  	25	  	N/A

 Other Pending Disputes 
  

			
	  
  

•
	  	An application for the mark

 was filed in Class 9 in China by Applicant, Liu Yiqi (an individual) and given the App. No. 3847273. Phat Fashions filed an opposition against this application which received an Adverse Decision from the Chinese
Trademark Office in July of 2012. Phat Fashions subsequently filed an administrative lawsuit against the Adverse Decision, and such case was accepted by the Beijing No. Intermediate People’s Court in September of 2012 and will soon be
heard.
		
	  
  

•
	  	The Mexican Registration in Class 25 for the mark

 is owned by Joel Renteria Martinez (an individual) (Reg. No. 977592). Phat Fashions filed a Cancellation Proceeding against this registration in April 2009. The Cancellation Action was originally rejected because
Phat Fashions’ evidence of use was based on the use of its then-licensee, BP Clothing. This rejection was overcome in October of 2011, but in August of 2012, the Mexican Trademark Office rendered a resolution rejecting the Cancellation Action
once again on the basis that Martinez’s mark was in use in Mexico. This decision was challenged by Phat Fashions in August of 2012 through the filing of an annulment action

	 	 
with a Federal Administrative Court based on Phat Fashions’ prior use of its mark in Mexico. If a favorable resolution in the annulment action is obtained, the same will be studied by the
Mexican Trademark Office. 

  

	 	•	 	Kellwood Company received a cease and desist letter from Aeropostale, Inc. dated August 22, 2012, and alleging that BABY PHAT shirts marketed as “Girls Glitter Heart Tees” were “virtually exact
copies of an earlier Aeropostale designed T-shirt.” The letter simply asked for Kellwood’s assurance that it would not resume selling this item or offer other merchandise copied from Aeropostale designs. As this design was created,
manufactured, and distributed by Phat Fashions’ licensee, Parigi Group, Kellwood and Phat have sent the letter to Parigi for handling. 

  

	 	•	 	Venezuelan Opposition Proceeding Against Kathy Cat Design in cls. 3, 14, 18 and 25 filed by Katherine Rey Sotomayor, Appl. Ser. Nos. 06004607-06004610. Phat Fashions opposed this application in 2006. A decision is
expected to be rendered in 2-3 years. 

  

	 	•	 	Venezuelan Application for BABY CAT and Cat Design in cl. 25 filed by Habibi Moda C.A., Appl. Ser. No. 2103/2009. Phat Fashions opposed this application in 2009. A decision is expected to be rendered in 5-6 years.

  

	 	•	 	Indian Trademark Application for JUST PHAT in cl. 25 filed by Pooja Thakkar, Appl. Serial No. 1592557. Phat Fashions opposed this application in December 2009. A decision is expected to be rendered in 2012.

  

	 	•	 	Indonesian Trademark Application for BABY PHAT with Cat Design in cl. 18 filed by Rosni Kosman (App. No. D002007014087). Phat Fashions opposed this trademark application in January 2009 and is awaiting the
decision. 

  

	 	•	 	Indonesian Trademark Opposition against BABY PHAT with Cat Design in cl. 25 filed by Uswah Rudi. Phat Fashions opposed this application in November 2009 and is awaiting a decision. 

 

	 	•	 	Brazilian Trademark Applications for DSCOLADA with Cat Design in cl. 14, Appl. Serial No. 901780782 and DSCOLADA with Cat Design in cl. 25, Appl. Serial No. 901780693, both filed by Dscolada Ltda Me. Phat
Fashions opposed both applications and awaits the decisions. 

 Schedule C 

DOMAIN NAMES 
 Domain Names:

  

					
	 Domain Name
	  	 Brand
	  	 Redirect Site

	 2PHATFASHIONS.COM
	  	Baby Phat	  	www.babyphat.com
			
	 allcityathletiques.com
	  	Baby Phat	  	www.babyphat.com
			
	 allcityathletiques.info
	  	Baby Phat	  	www.babyphat.com
			
	 allcityathletiques.net
	  	Baby Phat	  	www.babyphat.com
			
	 allcityathletiques.org
	  	Baby Phat	  	www.babyphat.com
			
	 allcityonline.com
	  	Baby Phat	  	www.babyphat.com
			
	 allcityonline.info
	  	Baby Phat	  	www.babyphat.com
			
	 Babe-phat.com
	  	Baby Phat	  	www.babyphat.com
			
	 Babiephat.com
	  	Baby Phat	  	www.babyphat.com
			
	 baby-fat.biz
	  	Baby Phat	  	www.babyphat.com
			
	 babyfat.cc
	  	Baby Phat	  	www.babyphat.com
			
	 baby-fat.cc
	  	Baby Phat	  	www.babyphat.com
			
	 babyfat.tv
	  	Baby Phat	  	www.babyphat.com
			
	 baby-fat.tv
	  	Baby Phat	  	www.babyphat.com
			
	 baby-fat-ws
	  	Baby Phat	  	www.babyphat.com

					
	 babyphat.asia
	  	Baby Phat	  	www.babyphat.com
			
	 babyphat.biz
	  	Baby Phat	  	www.babyphat.com
			
	 baby-phat.biz
	  	Baby Phat	  	www.babyphat.com
			
	 baby-phat.co.uk
	  	Baby Phat	  	www.babyphat.com
			
	 BabyPhat.com
	  	Baby Phat	  	www.babyphat.com
			
	 babyphat.com.hk
	  	Baby Phat	  	www.babyphat.com
			
	 babyphat.com.tw
	  	Baby Phat	  	www.babyphat.com
			
	 babyphat.de
	  	Baby Phat	  	www.babyphat.com
			
	 babyphat.hk
	  	Baby Phat	  	www.babyphat.com
			
	 babyphat.info
	  	Baby Phat	  	www.babyphat.com
			
	 baby-phat.info
	  	Baby Phat	  	www.babyphat.com
			
	 babyphat.net
	  	Baby Phat	  	www.babyphat.com
			
	 babyphat.org
	  	Baby Phat	  	www.babyphat.com
			
	 babyphat.tw
	  	Baby Phat	  	www.babyphat.com
			
	 babyphat.us
	  	Baby Phat	  	www.babyphat.com
			
	 baby-phat.us
	  	Baby Phat	  	www.babyphat.com
			
	 BabyPhat.XXX
	  	Baby Phat	  	Blocked
			
	 babyphat69.com
	  	Baby Phat	  	www.babyphat.com

					
	 babyphat69.info
	  	Baby Phat	  	www.babyphat.com
			
	 babyphatapparel.com
	  	Baby Phat	  	www.babyphat.com
			
	 babyphatbiz.com
	  	Baby PHat	  	www.babyphat.com
			
	 babyphatboots.com
	  	Baby Phat	  	www.babyphat.com
			
	 babyphatcatalog.com
	  	Baby Phat	  	www.babyphat.com
			
	 babyphatclothing.com
	  	Baby Phat	  	www.babyphat.com
			
	 babyphatclothing.info
	  	Baby Phat	  	www.babyphat.com
			
	 babyphatclothing.net
	  	Baby Phat	  	www.babyphat.com
			
	 babyphatclothing.org
	  	Baby Phat	  	www.babyphat.com
			
	 babyphatclothingonline.com
	  	Baby Phat	  	www.babyphat.com
			
	 babyphatclothingonline.info
	  	Baby Phat	  	www.babyphat.com
			
	 babyphatclothingonline.net
	  	Baby Phat	  	www.babyphat.com
			
	 babyphatclothingonline.org
	  	Baby Phat	  	www.babyphat.com
			
	 babyphateyewear.com
	  	Baby Phat	  	www.babyphat.com
			
	 babyphatfarm.com
	  	Baby Phat	  	www.babyphat.com
			
	 babyphatgirlz.com
	  	Baby Phat	  	www.babyphat.com
			
	 babyphatgirlz.info
	  	Baby Phat	  	www.babyphat.com
			
	 babyphathandbags.com
	  	Baby Phat	  	www.babyphat.com

					
	 BABYPHATONLINE.COM
	  	Baby Phat	  	www.babyphat.com
			
	 BABYPHATONLINE.NET
	  	Baby Phat	  	www.babyphat.com
			
	 babyphatshoes.com
	  	Baby Phat	  	www.babyphat.com
			
	 babyphatshop.com
	  	Baby Phat	  	www.babyphat.com
			
	 babyphatskinz.com
	  	Baby Phat	  	www.babyphat.com
			
	 baby-phat-skinz.com
	  	Baby Phat	  	www.babyphat.com
			
	 babyphatskinz.info
	  	Baby Phat	  	www.babyphat.com
			
	 baby-phat-skinz.info
	  	Baby Phat	  	www.babyphat.com
			
	 bbyp.ht
	  	Baby Phat	  	Blank Site
			
	 phat-fashion.biz
	  	Baby Phat	  	www.babyphat.com
			
	 phat-fashion.cc
	  	Baby Phat	  	www.babyphat.com
			
	 phatfashion.com
	  	Baby Phat	  	www.babyphat.com
			
	 phat-fashion.com
	  	Baby Phat	  	www.babyphat.com
			
	 phat-fashion.info
	  	Baby Phat	  	www.babyphat.com
			
	 phatfashion.net
	  	Baby Phat	  	www.babyphat.com
			
	 phat-fashion.net
	  	Baby Phat	  	www.babyphat.com
			
	 phatfashion.org
	  	Baby Phat	  	www.babyphat.com
			
	 phat-fashion.org
	  	Baby Phat	  	www.babyphat.com

					
	 phat-fashion.ws
	  	Baby Phat	  	www.babyphat.com
			
	 phatfashions.com
	  	Baby Phat	  	www.babyphat.com
			
	 phatfashions.net
	  	Baby Phat	  	www.babyphat.com
			
	 phatfashions.org
	  	Baby Phat	  	www.babyphat.com
			
	 phatphashions.cc
	  	Baby Phat	  	www.babyphat.com
			
	 phatphashions.tv
	  	Baby Phat	  	www.babyphat.com
			
	 phatthreads.tv
	  	Baby Phat	  	www.babyphat.com
			
	 phat-threads.tv
	  	Baby Phat	  	www.babyphat.com
			
	 phatthreads.us
	  	Baby Phat	  	www.babyphat.com
			
	 phat-threads.us
	  	Baby Phat	  	www.babyphat.com
			
	 shopbabyphat.com
	  	Baby Phat	  	www.babyphat.com
			
	 TheHouseOfPhat.com
	  	Baby Phat	  	www.babyphat.com

 EXHIBIT E 

ROYAL ROBBINS FORM OF RELEASE 

See attached. 

 RELEASE OF SECURITY INTEREST IN TRADEMARKS 

THIS RELEASE OF SECURITY INTEREST IN TRADEMARKS is made as of this 31st day of December, 2012, by, Sun Kellwood Finance, LLC, a Delaware
limited liability company, as Agent (“Sun”), in favor of KELLWOOD COMPANY, a Delaware corporation and ROYAL ROBBINS, LLC, a New York limited liability company (collectively the “Companies”). 

FOR GOOD AND VALUABLE CONSIDERATION, the receipt and adequacy of which are hereby acknowledged, Sun hereby unconditionally and expressly
releases, terminates, and extinguishes its continuing security interest and any and all of its right, title and interest in and to, and any and all liens and security interests it may have upon the trademarks listed on Schedule I attached
hereto and made a part hereof, all goodwill of the business connected with the use of, and symbolized by, each Trademark, and all products and proceeds of the foregoing, which liens and security interests were established under and pursuant to that
certain Trademark Security Agreement dated [October 19, 2011, made by the Companies in favor of Sun and recorded at Reel/Frame 4654/0053 on November 3, 2011]. 

Sun consents and agrees to execute and deliver, at the request and cost of the Companies, such further instruments, documents and release
forms as the Companies may reasonably request to more effectively, release, terminate and extinguish any such liens and security interests upon such trademarks. 

[Signature Page Follows] 

 This Release shall be binding upon Sun’s legal representatives, assigns and successors. 

 

			
	SUN KELLWOOD FINANCE, LLC, as Agent
		
	By:	 	 /s/ Michael J. McConvery

	Name:	 	Michael J. McConvery
	Title:	 	Vice President

 Signature Page to Release of Security Interest in Trademarks 

 SCHEDULE I 

US Registrations and Applications 
  

									
	 Trademark
	  	 Owner
	  	 Status in Trademark
Office
	  	Federal
Registration
Number	  	Registration
Date
	 BILLY GOAT
	  	Royal Robbins, LLC	  	Renewed	  	1,931,700	  	10/31/1995
					
	 BLUEWATER SHORT
	  	Royal Robbins, LLC	  	Renewed	  	2,145,573	  	3/24/1998
					
	 GO EVERYWHERE
	  	Royal Robbins, LLC	  	Registered	  	2,350,360	  	5/16/2000
					
	 ROYAL ROBBINS
	  	Royal Robbins, LLC	  	Registered	  	2,428,613	  	2/13/2001
					
	 [Strider Design]
	  	Royal Robbins, LLC	  	Renewed	  	1,303,905	  	11/6/1984
					
	 [Walking Man Design]
	  	Royal Robbins, LLC	  	Registered	  	3,314,387	  	10/16/2007

 EXHIBIT F 

ROYAL ROBBINS UCC FINANCING STATEMENTS TO BE TERMINATED 

See attached. 

 

 
 Body text (8);UCC FINANCING STATEMENT AMENDMENT FOLLOW INSTRUCTIONS (front and back) CAREFULLY A. NAME & PHONE OF CONTACT AT FILER
[optional] SEND ACKNOWLEDGMENT TO: (Name and Address) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY 1a. INITIAL FINANCING STATEMENT FILE # 1b. This FINANCING STATEMENT AMENDMENT is to be filed [for record] (or recorded) in the REAL ESTATE RECORDS.
07-7130314793. Filed on 09/24/2007. 2. TERMINATION: Effectiveness of the Financing Statement identified above is terminated with respect to security interest(s) of the Secured Party authorizing this Termination Statement. 3. CONTINUATION:
Effectiveness of the Financing Statement identified above with respect to security interest(s) of the Secured Party authorizing this Continuation Statement is continued for the additional period provided by applicable law. 4. ASSIGNMENT (full or
partial): Give name of assignee in item 7a or 7b and address of assignee in item 7c; and also give name of assignor in item 9. 5. AMENDMENT (PARTY INFORMATION): This Amendment affects Debtor or Secured Party of record. Check only one of these two
boxes. Also check one of the following three boxes and provide appropriate information in items 6 and/or 7. CHANGE name and/or address: Please refer to the detailed instructions in regards to changing the name/address of a party. DELETE name: Give
record name to be deleted in item 6a or 6b. ADD name: Complete item 7a or 7b, and also item 7c; also complete items 7e-7g (if applicable). 6. CURRENT RECORD INFORMATION: 6a. ORGANIZATION’S NAME ROYAL ROBBINS, LLC OR 6b. INDIVIDUAL’S LAST
NAME FIRST NAME MIDDLE NAME SUFFIX 7. CHANGED (NEW) OR ADDED INFORMATION: OR 7a. ORGANIZATION’S NAME 7b. INDIVIDUAL’S LAST NAME FIRST NAME MIDDLE NAME SUFFIX 7c. MAILING ADDRESS CITY STATE POSTAL CODE COUNTRY 7d. SEE INSTRUCTIONS
ADD’L INFO RE 7e. TYPE OF ORGANIZATION ORGANIZATION DEBTOR 7f. JURISDICTION OF ORGANIZATION 7g. ORGANIZATIONAL ID #, if any NONE 8. AMENDMENT (COLLATERAL CHANGE): check only one box. Describe collateral deleted or added, or give entire restated
collateral description, or describe collateral assigned. 9. NAME OF SECURED PARTY OF RECORD AUTHORIZING THIS AMENDMENT (name of assignor, if this is an Assignment). If this is an Amendment authorized by a Debtor which adds collateral or adds the
authorizing Debtor, or if this is a Termination authorized by a Debtor, check here and enter name of DEBTOR authorizing this Amendment. 9a. ORGANIZATION’S NAME SUN KELLWOOD FINANCE, LLC, as Agent OR 9b. INDIVIDUAL’S LAST NAME FIRST NAME
MIDDLE NAME SUFFIX 10. OPTIONAL FILER REFERENCE DATA File with California Secretary of State FILING OFFICE COPY — UCC FINANCING STATEMENT AMENDMENT (FORM UCC3) (REV. 05/22/02) CAUCC3PNAT- 10/01/02 Wolters Kluwer Online 

 

 
 Body text1;UCC FINANCING STATEMENT AMENDMENT FOLLOW INSTRUCTIONS (front and back) CAREFULLY A. NAME & PHONE OF CONTACT AT FILER
[optional] B. SEND ACKNOWLEDGMENT TO: (Name and Address) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY 1a. INITIAL FINANCING STATEMENT FILE # 1b. This FINANCING STATEMENT AMENDMENT is to be filed [for record] (or recorded) in the REAL ESTATE
RECORDS. 2012 3171792. Filed on 08/15/2012. 2. TERMINATION: Effectiveness of the Financing Statement identified above is terminated with respect to security interest(s) of the Secured Party authorizing this Termination Statement. 3. CONTINUATION:
Effectiveness of the Financing Statement identified above with respect to security interest(s) of the Secured Party authorizing this Continuation Statement is continued for the additional period provided by applicable law. 4. ASSIGNMENT (full or
partial): Give name of assignee in item 7a or 7b and address of assignee in item 7c; and also give name of assignor in item 9. 5. AMENDMENT (PARTY INFORMATION): This Amendment affects Debtor or Secured Party of record. Check only one of these two
boxes. Also check one of the following three boxes and provide appropriate information in items 6 and/or 7. CHANGE name and/or address: Please refer to the detailed instructions in regards to changing the name/address of a party. DELETE name: Give
record name to be deleted in item 6a or 6b. ADD name: Complete item 7a or 7b, and also item 7c; also complete items 7e-7g (if applicable). 6. CURRENT RECORD INFORMATION: 6a. ORGANIZATION’S NAME Royal Robbins, LLC OR 6b. INDIVIDUAL’S LAST
NAME FIRST NAME MIDDLE NAME SUFFIX 7. CHANGED (NEW) OR ADDED INFORMATION: OR 7a. ORGANIZATION’S NAME 7b. INDIVIDUAL’S LAST NAME FIRST NAME MIDDLE NAME SUFFIX 7c. MAILING ADDRESS CITY STATE POSTAL CODE COUNTRY 7d. SEE INSTRUCTIONS
ADD’L INFO RE ORGANIZATION DEBTOR 7e. TYPE OF ORGANIZATION 7f. JURISDICTION OF ORGANIZATION 7g. ORGANIZATIONAL ID #, if any NONE 8. AMENDMENT (COLLATERAL CHANGE): check only one box. Describe collateral deleted or added, or give entire restated
collateral description, or describe collateral assigned. 9. NAME OF SECURED PARTY OF RECORD AUTHORIZING THIS AMENDMENT (name of assignor, if this is an Assignment). If this is an Amendment authorized by a Debtor which adds collateral or adds the
authorizing Debtor, or if this is a Termination authorized by a Debtor, check here and enter name of DEBTOR authorizing this Amendment. 9a. ORGANIZATION’S NAME SUN KELLWOOD FINANCE, LLC, as Agent OR 9b. INDIVIDUAL’S LAST NAME FIRST NAME
MIDDLE NAME SUFFIX 10.OPTIONAL FILER REFERENCE DATA File with Delaware Secretary of State FILING OFFICE COPY — UCC FINANCING STATEMENT AMENDMENT (FORM UCC3) (REV. 05/22/02) DEUCC3PNAT- 12/17/2002 Wolters Kluwer Online 

 EXHIBIT G 

PF FORM OF PARTIAL RELEASE 

See attached. 

 RELEASE OF SECURITY INTEREST IN COPYRIGHTS 

THIS RELEASE OF SECURITY INTEREST IN COPYRIGHTS is made as of this 31st day of December, 2012, by, Sun Kellwood Finance, LLC, a Delaware
limited liability company, as Agent (“Sun”), in favor of KELLWOOD COMPANY, a Delaware corporation and PHAT FASHIONS LLC, a New York limited liability company (collectively the “Companies”). 

FOR GOOD AND VALUABLE CONSIDERATION, the receipt and adequacy of which are hereby acknowledged, Sun hereby unconditionally and expressly
releases, terminates, and extinguishes its continuing security interest and any and all of its right, title and interest in and to, and any and all liens and security interests it may have upon the copyrights listed on Schedule I attached hereto and
made a part hereof, all goodwill of the business connected with the use of, and symbolized by, each Copyright, and all products and proceeds of the foregoing, which liens and security interests were established under and pursuant to that certain
Copyright Security Agreement dated [October 19, 2011, made by the Companies in favor of Sun and recorded at Reel/Frame 4654/0053 on November 3, 2011]. 

Sun consents and agrees to execute and deliver, at the request and cost of the Companies, such further instruments, documents and release
forms as the Companies may reasonably request to more effectively, release, terminate and extinguish any such liens and security interests upon such trademarks. 

[Signature Page Follows] 

 This Release shall be binding upon Sun’s legal representatives, assigns and successors. 

 

			
	 SUN KELLWOOD FINANCE, LLC, as Agent

		
	By:	 	 /s/ Michael J. McConvery

	Name:	 	Michael J. McConvery
	Title:	 	Vice President

 Signature Page to Release of Security Interest in Copyrights 

 SCHEDULE I 
  

									
	 Title
	  	Owner	  	Status in
Copyright
Office	  	Federal
Registration
Number	  	Registration Date
	 “Baby Phat” and Cat Design
	  	Phat Fashions, LLC	  	Registered	  	VA-852-101	  	11/25/1998
					
	 Baby Phat Crown Badge
	  	Phat Fashions, LLC	  	Registered	  	VA-0001622877	  	10/29/2007
					
	 Baby Phat Crown Burst
	  	Phat Fashions, LLC	  	Registered	  	VA-0001622872	  	10/29/2007

 RELEASE OF SECURITY INTEREST IN TRADEMARKS 

THIS RELEASE OF SECURITY INTEREST IN TRADEMARKS is made as of this 31st day of December, 2012, by, Sun Kellwood Finance, LLC, a Delaware
limited liability company, as Agent (“Sun”), in favor of KELLWOOD COMPANY, a Delaware corporation and PHAT FASHIONS LLC, a New York limited liability company (collectively the “Companies”). 

FOR GOOD AND VALUABLE CONSIDERATION, the receipt and adequacy of which are hereby acknowledged, Sun hereby unconditionally and expressly
releases, terminates, and extinguishes its continuing security interest and any and all of its right, title and interest in and to, and any and all liens and security interests it may have upon the trademarks listed on Schedule I attached
hereto and made a part hereof, all goodwill of the business connected with the use of, and symbolized by, each Trademark, and all products and proceeds of the foregoing, which liens and security interests were established under and pursuant to that
certain Trademark Security Agreement dated [October 19, 2011, made by the Companies in favor of Sun and recorded at Reel/Frame 4654/0053 on November 3, 2011]. 

Sun consents and agrees to execute and deliver, at the request and cost of the Companies, such further instruments, documents and release
forms as the Companies may reasonably request to more effectively, release, terminate and extinguish any such liens and security interests upon such trademarks. 

[Signature Page Follows] 

 This Release shall be binding upon Sun’s legal representatives, assigns and successors. 

 

			
	SUN KELLWOOD FINANCE, LLC, as Agent
		
	By:	 	 /s/ Michael J. McConvery

	Name:	 	Michael J. McConvery
	Title:	 	Vice President

 Signature Page to Release of Security Interest in Trademarks 

 SCHEDULE I 

											
	 Trademark
	  	 Owner
	  	 Status in Trademark Office
	  	 Federal
Registration
Number
	  	 Registration Date
	  	 Class

						
	

	  	Phat Fashions LLC	  	Registered	  	3,735,330	  	1/5/2010	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	3,759,361	  	3/9/2010	  	21
						
	

	  	Phat Fashions LLC	  	Registered	  	3,624,700	  	5/19/2009	  	26
						
	

	  	Phat Fashions LLC	  	Registered	  	3,233,844	  	4/24/2007	  	9
						
	

	  	Phat Fashions LLC	  	Registered	  	3,240,184	  	5/8/2007	  	9
						
	

	  	Phat Fashions LLC	  	Registered	  	2,440,358	  	4/3/2001	  	25
						
	

	  	Phat Fashions LLC	  	Registered	  	2,538,563	  	2/12/2002	  	18
						
	

	  	Phat Fashions LLC	  	Registered	  	3,037,296	  	1/3/2006	  	25
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,613,885	  	4/28/2009	  	26
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,701,862	  	10/27/2009	  	24
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,591,599	  	3/17/2009	  	16
						
	BABY PHAT	  	Phat Fashions LLC	  	Registered	  	3,181,285	  	2/21/2006	  	6

											
	 BABY PHAT
	  	Phat Fashions LLC	  	Registered	  	3,220,372	  	3/20/2007	  	9
						
	 BABY PHAT
	  	Phat Fashions LLC	  	Registered	  	3,386,191	  	2/19/2008	  	35
						
	 BABY PHAT
	  	Phat Fashions LLC	  	Registered	  	2,240,881	  	4/20/1999	  	25
						
	 BABY PHAT
	  	Phat Fashions LLC	  	Registered	  	2,538,494	  	2/12/2002	  	18
						
	 BABY PHAT
	  	Phat Fashions LLC	  	Registered	  	2,736,998	  	7/15/2003	  	14
						
	 BABY PHAT
	  	Phat Fashions LLC	  	Registered	  	2,811,059	  	2/3/2004	  	9
						
	 BABY PHAT
	  	Phat Fashions LLC	  	Registered	  	3,004,138	  	10/4/2005	  	25
						
	 BABY PHAT
	  	Phat Fashions LLC	  	Registered	  	3,051,588	  	1/24/2006	  	14
						
	 BABY PHAT
	  	Phat Fashions LLC	  	Registered	  	3,060,441	  	2/21/2006	  	9
						
	 

	  	Phat Fashions LLC	  	Registered	  	3,000,181	  	9/27/2005	  	25
						
	 

	  	Phat Fashions LLC	  	Registered	  	3,743,384	  	10/26/2009	  	24
						
	 

	  	Phat Fashions LLC	  	Registered	  	3,723,824	  	12/8/2009	  	21
						
	 

	  	Phat Fashions LLC	  	Registered	  	3,600,115	  	3/31/2009	  	3
						
	 

	  	Phat Fashions LLC	  	Registered	  	2,303,780	  	12/28/1999	  	25
						
	 

	  	Phat Fashions LLC	  	Registered	  	3,004,685	  	10/4/2005	  	14
						
	 

	  	Phat Fashions LLC	  	Registered (South Carolina)	  	SCO12501	  	6/28/2001	  	25
						
	 

	  	Phat Fashions LLC	  	Registered	  	3,759,401	  	3/9/2010	  	3

											
	 

	  	Phat Fashions LLC	  	Registered	  	3,735,329	  	1/5/2010	  	24
						
	 

	  	Phat Fashions LLC	  	Registered	  	3,723,825	  	12/8/2009	  	21
						
	 

	  	Phat Fashions LLC	  	Registered	  	3,551,930	  	12/23/2008	  	20
						
	 

	  	Phat Fashions LLC	  	Registered	  	3,109,678	  	6/27/2006	  	9
						
	 

	  	Phat Fashions LLC	  	Registered	  	2,429,559	  	2/20/2001	  	25
						
	 

	  	Phat Fashions LLC	  	Registered	  	2,541,251	  	2/19/2002	  	18
						
	 

	  	Phat Fashions LLC	  	Registered	  	2,881,224	  	9l7/2004	  	9
						
	 

	  	Phat Fashions LLC	  	Registered	  	3,000,182	  	9/27/2005	  	25
						
	 

	  	Phat Fashions LLC	  	Registered	  	3,006,170	  	10/11/2005	  	14
						
	 BABY PHAT GIRLZ
	  	Phat Fashions LLC	  	Registered	  	3,149,054	  	9/26/2006	  	25

											
	 BABY PHAT GIRLZ
	  	Phat Fashions LLC	  	Registered	  	2,557,269	  	4/2/2002	  	25
						
	 BABY PHAT GIRLZ
	  	Phat Fashions LLC	  	Registered	  	2,867,090	  	7/27/2004	  	18
						
	 BABY PHAT GODDESS
	  	Phat Fashions LLC	  	Registered	  	3,512,917	  	10/7/2008	  	3
						
	 

	  	Phat Fashions LLC	  	Registered	  	3,512,918	  	10/7/2008	  	3
						
	 BABY PHAT GOLDEN GODDESS
	  	Phat Fashions LLC	  	Registered	  	3,366,942	  	1/8/2008	  	3
						
	 

	  	Phat Fashions LLC	  	Registered	  	3,374,112	  	1/22/2008	  	3
						
	 BABY PHAT SEDUCTIVE GODDESS
	  	Phat Fashions LLC	  	Registered	  	3,860,529	  	10/12/2010	  	3
						
	 PHAT
	  	Phat Fashions LLC	  	Registered	  	2,372,748	  	8/l/2000	  	25

 Foreign Trademarks: 
  

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

	 BABY PHAT
	  	Phat Fashions LLC	  	Argentina	  	Pending	  	[s/n 3,045,665]	  	[filed 11/11/2010]	  	25	  	In January of 2012, application was opposed by Empresas CMPC S.A. on the basis that it is confusingly similar to its own applications or registrations for the marks BABY SEC, BABYSEC BASIO, BABYSEC, and BABY SEC LO HIZO. Instructed
counsel to initiate negotiations with opponent and argue that several applications for marks containing the word “BABY” have registered in the Argentinian Trademark Office.
								
	 BABY PHAT
	  	Phat Fashions LLC	  	Australia	  	Registered	  	774453	  	9/30/1998	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

								
	 

	  	Phat Fashions LLC	  	Australia	  	Registered	  	1,066,407	  	7/11/2005	  	25	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	Bahrain	  	Registered	  	44076	  	4/10/2005	  	18	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	Bahrain	  	Registered	  	44077	  	4/10/2005	  	25	  	N/A
								
	 PHAT
	  	Phat Fashions LLC	  	Benelux	  	Renewed	  	552164	  	4/27/1994	  	25	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	Bolivia	  	Registered	  	87321-C	  	7/16/2002	  	25	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	Brazil	  	Pending (Suspended)	  	[s/n 821.880.675]	  	[filed 8/2/1999]	  	25	  	This application is being kept in abeyance until final decisions rendered with respect to Application Nos. 821.346.300 for PHAT FARM and 821.346.326 for THE PHAT FARM NYC FINE QUALITY AUTHENTIC FLY GOODS. These applications are
being kept in abeyance until a final decision is rendered with respect to Application No. 820.033.146 for FARM RIO in Class 25. Counsel filed a petition to disassociate the BABY PHAT application from the PHAT FARM applications, but as of March 2011,
no response had been received from the Trademark Office.
								
	 

	  	Phat Fashions LLC	  	Brazil	  	Pending	  	[s/n 830.448.829]	  	[filed 11/27/2009]	  	25	  	The granting of this application was published in the Official Gazette on August 21, 2012. Counsel paid the registration fees, and the registration certificate is forthcoming.

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

								
	 

	  	Phat Fashions LLC	  	Brazil	  	Pending	  	[s/n 830.448.810]	  	[filed 11/27/2009]	  	14	  	The granting of this application was published in the Official Gazette on August 21, 2012. Counsel paid the registration fees, and the registration certificate is forthcoming.
								
	 BABY PHAT
	  	Phat Fashions LLC	  	Bulgaria	  	Registered	  	64975	  	5/12/2008	  	25	  	N/A
								
	 

	  	Phat Fashions LLC	  	Bulgaria	  	Registered	  	64976	  	5/12/2008	  	25	  	N/A
								
	 

	  	Phat Fashions LLC	  	Bulgaria	  	Registered	  	64977	  	5/12/2008	  	25	  	N/A
								
	 

	  	Phat Fashions LLC	  	Bulgaria	  	Registered	  	62247	  	12/3/2007	  	25	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	Canada	  	Registered	  	760154	  	2/24/2010	  	3	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	Canada	  	Registered	  	557141	  	1/30/2002	  	25	  	N/A
								
	 

	  	Phat Fashions LLC	  	Canada	  	Registered	  	760461	  	2/26/2010	  	3	  	N/A
								
	 

	  	Phat Fashions LLC	  	Canada	  	Registered	  	761902	  	3/17/2010	  	9, 18, 25	  	N/A
								
	 

	  	Phat Fashions LLC	  	Canada	  	Registered	  	762606	  	3/24/2010	  	9, 18, 25	  	N/A
								
	 BABY PHAT GODDESS
	  	Phat Fashions LLC	  	Canada	  	Registered	  	722944	  	9/4/2008	  	3	  	N/A
								
	 

	  	Phat Fashions LLC	  	Canada	  	Registered	  	772952	  	9/4/2008	  	3	  	N/A
								
	 

	  	Phat Fashions LLC	  	Canada	  	Registered	  	761903	  	3/17/2010	  	9, 18, 25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

	 BABY PHAT
	  	Phat Fashions LLC	  	Chile	  	Registered	  	879694	  	1/18/2000	  	25	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Registered	  	4,924,866	  	3/28/2009	  	3	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Registered	  	4,924,867	  	2/14/2009	  	14	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Registered	  	1,358,532	  	1/28/2000	  	25	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Registered	  	6,553,521	  	6/21/2010	  	18	  	N/A
								
	 

	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Registered	  	6,553,522	  	6/21/2010	  	18	  	N/A
								
	 

	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Registered	  	4,518,596	  	12/14/2008	  	18	  	N/A
								
	 

	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Registered	  	4,518,595	  	2/7/2009	  	25	  	N/A
								
	 

	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Registered	  	4,518,708	  	5/28/2008	  	3	  	N/A
								
	 

	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Pending	  	[s/n 6,848,582]	  	[filed 7/18/2008]	  	25	  	In March of 2010, the application was refused, and so Phat filed a review of the refusal in April of 2010. The examination of Phat’s application for review of the refusal is still pending.
								
	 

	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Registered	  	4,518,597	  	5/28/2008	  	14	  	N/A
								
	 

	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Pending (Suspended)	  	[s/n 4,518,709]	  	[filed 3/1/2005]	  	9	  	In August of 2007, the application was refused, and so Phat filed a review of the refusal. The examination of Phat’s application for review of the refusal is still pending.

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

								
	

	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Pending	  	[s/n 6,848,581]	  	[filed 7/18/2008]	  	25	  	In March of 2010, the application was refused, and so Phat filed a review of the refusal in April of 2010. The examination of Phat’s application for review of the refusal is still pending.
								
	

	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Pending (Suspended)	  	[s/n 4,518,593]	  	[filed 3/1/2005]	  	9	  	In August of 2007, the application was refused, and so Phat filed a review of the refusal. The examination of Phat’s application for review of the refusal is still pending.
								
	

	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Registered	  	4,518,590	  	2/7/2009	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Registered	  	4,518,594	  	5/28/2008	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Registered	  	4,518,592	  	5/28/2008	  	14	  	N/A
								
	

	  	Phat Fashions LLC	  	China (Peoples’ Republic)	  	Registered	  	4,518,591	  	12/14/2008	  	18	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Colombia	  	Registered	  	235387	  	4/27/2001	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Cyprus, Republic of	  	Registered	  	71302	  	4/14/2005	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Cyprus, Republic of	  	Registered	  	71301	  	4/14/2005	  	18	  	N/A
								
	PHAT	  	Phat Fashions LLC	  	Denmark	  	Renewed	  	4608/94	  	7/8/1994	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Dominican Republic	  	Registered	  	107843	  	10/30/1999	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Dominican Republic	  	Registered	  	107837	  	10/30/1999	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Ecuador	  	Registered	  	3430-00	  	6/26/2000	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	Phat Fashions LLC	  	Egypt	  	Registered	  	201585	  	9/8/2009	  	18	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Egypt	  	Registered	  	201586	  	5/23/2007	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	El Salvador	  	Registered	  	144 Book 136	  	8/10/2001	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	European Community	  	Registered	  	000881524	  	10/13/1999	  	9, 18, 25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	European Community	  	Registered	  	004923553	  	3/29/2007	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	European Community	  	Registered	  	004643342	  	9/20/2005	  	9, 18, 25	  	N/A
								
	

	  	Phat Fashions LLC	  	European Community	  	Registered	  	004923777	  	3/30/2007	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	European Community	  	Registered	  	004643375	  	8/2/2007	  	9, 18, 25	  	N/A
								
	PHAT	  	Phat Fashions LLC	  	France	  	Registered	  	93/481938	  	8/31/1993	  	9, 25, 42	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Guatemala	  	Registered	  	104571	  	5/23/2000	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Honduras	  	Registered	  	99956	  	2/21/2007	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	300498736	  	9/21/2005	  	3, 14	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	301048590	  	2/11/2008	  	18	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	200215781	  	8/26/1998	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	301048608	  	2/11/2008	  	18	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

								
	 

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	300498727	  	9/21/2005	  	3, 14	  	N/A
								
	 

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	3004497944	  	9/20/2005	  	25	  	N/A
								
	 

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	301048617	  	2/11/2008	  	18	  	N/A
								
	 

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	300498718	  	9/21/2005	  	3, 14	  	N/A
								
	 

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	301048626	  	2/11/2008	  	18	  	N/A
								
	 

	  	Phat Fashions LLC	  	Hong Kong	  	Registered	  	300497935	  	9/20/2005	  	25	  	N/A
								
	 PHAT
	  	Phat Fashions LLC	  	Hong Kong	  	Renewed	  	3613/95	  	4/26/1993	  	25	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	India	  	Registered	  	1,275,909	  	1/17/2006	  	25	  	N/A
								
	 

	  	Phat Fashions LLC	  	Indonesia	  	Pending	  	[s/n D00.2009.0006 75]	  	[filed 1/9/2009]	  	25	  	In August of 2010, the Indonesian Trademark Office rejected this application due to its similarity to the prior trademark application (No. D002007014087) for BABYPHAT and Device filed by Rosni Kosman. Phat filed an opposition to
this application as well as a response to the office action on September 2, 2010 and is still awaiting a decision.

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation /
Opposition

Status

								
	 

	  	Phat Fashions LLC	  	Indonesia	  	Pending	  	[s/n D00.2009.0006 76]	  	[filed 1/9/2009]	  	18	  	In August of 2010, the Indonesian Trademark Office rejected this application due to its similarity to the prior trademark application (No. D002007014087) for BABYPHAT and Device filed by Rosni Kosman. Phat filed an opposition to
this application as well as a response to the office action on September 2, 2010 and is still awaiting a decision.
								
	 

	  	Phat Fashions LLC	  	International Registration (Madrid Protocol)	  	Registered	  	IR 905391	  	3/3/2006	  	3	  	N/A
								
	 

	  	Phat Fashions LLC	  	International Registration (Madrid Protocol)	  	Registered	  	IR 882532	  	2/22/2006	  	3	  	N/A
								
	 

	  	Phat Fashions LLC	  	Italy	  	Registered	  	1432026	  	3/10/2011	  	25	  	N/A
								
	 PHAT
	  	Phat Fashions LLC	  	Italy	  	Renewed	  	00695475	  	5/3/1994	  	25	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	Japan	  	Registered	  	4692771	  	7/18/2003	  	14, 18	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	Japan	  	Registered	  	4293397	  	7/9/1999	  	25	  	N/A
								
	 BABY PHAT
	  	Phat Fashions LLC	  	Japan	  	Registered	  	5101609	  	12/28/2007	  	3	  	N/A
								
	 

	  	Phat Fashions LLC	  	Japan	  	Registered	  	5170939	  	10/3/2008	  	18	  	N/A
								
	 

	  	Phat Fashions LLC	  	Japan	  	Registered	  	4896783	  	9/22/2005	  	3, 9, 14, 18, 25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

								
	

	  	Phat Fashions LLC	  	Japan	  	Registered	  	4896782	  	9/22/2005	  	3, 9	  	N/A
								
	PHAT	  	Phat Fashions LLC	  	Japan	  	Renewed	  	3370202	  	9/11/1998	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Jordan	  	Registered	  	91564	  	4/10/2007	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Jordan	  	Registered	  	91563	  	4/10/2007	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Korea, Republic of	  	Registered	  	0458243	  	11/9/1999	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Korea, Republic of	  	Registered	  	40-0678282	  	9/14/2006	  	3, 14	  	N/A
								
	

	  	Phat Fashions LLC	  	Korea, Republic of	  	Registered	  	40-0664997	  	6/5/2006	  	3, 9, 14, 18, 25	  	N/A
								
	

	  	Phat Fashions LLC	  	Korea, Republic of	  	Registered	  	40-0664996	  	6/5/2006	  	3, 9, 14, 18, 25	  	N/A
								
	PHAT	  	Phat Fashions LLC	  	Korea, Republic of	  	Renewed	  	315203	  	6/10/1995	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Kuwait	  	Registered	  	59255	  	5/28/2005	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Kuwait	  	Registered	  	58934	  	5/28/2005	  	18	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Lebanon	  	Registered	  	110636	  	4/17/2007	  	18, 25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Macao	  	Registered	  	19197	  	2/9/2006	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Macao	  	Registered	  	19203	  	2/9/2006	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in
Trademark
Office
	  	 Federal
Registration
Number
	  	 Registration
Date
	  	 Class
	  	 Litigation / Opposition

Status

								
	

	  	Phat Fashions LLC	  	Macao	  	Registered	  	19202	  	2/9/2006	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Mexico	  	Registered	  	910763	  	11/28/2005	  	9	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Mexico	  	Registered	  	878711	  	4/27/2005	  	3	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Mexico	  	Renewed	  	589794	  	8/20/1998	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Mexico	  	Registered	  	1196685	  	1/14/2011	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	Mexico	  	Registered	  	912979	  	12/8/2005	  	9	  	N/A
								
	

	  	Phat Fashions LLC	  	Mexico	  	Registered	  	878135	  	4/26/2005	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	Mexico	  	Registered	  	1083925	  	2/12/2009	  	9	  	N/A
								
	

	  	Phat Fashions LLC	  	Mexico	  	Registered	  	1131983	  	11/26/2009	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	Mexico	  	Pending	  	[s/n 911173]	  	[filed 2/2/2008]	  	25	  	This application was rejected due to the trademark registration (No. 977592) for LADY PARIS and Cat Design (see below for further detail on the Cancellation Action that Phat Fashions filed against this registration).
								
	

	  	Phat Fashions LLC	  	Mexico	  	Registered	  	912980	  	12/8/2005	  	9	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	New Zealand	  	Renewed	  	297097	  	8/24/1998	  	25	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in

Trademark

Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

								
	

	  	Phat Fashions LLC	  	New Zealand	  	Registered	  	732424	  	7/11/2005	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Nicaragua	  	Registered	  	46047 C.C.	  	1/5/2001	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Norway	  	Registered	  	202429	  	4/17/2000	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Norway	  	Registered	  	237042	  	1/2/2007	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Norway	  	Registered	  	237043	  	1/2/2007	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Norway	  	Registered	  	237045	  	1/2/2007	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Oman	  	Registered	  	43811	  	1/30/2008	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Oman	  	Registered	  	43810	  	11/11/2007	  	18	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Panama	  	Registered	  	102243	  	8/13/1999	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Paraguay	  	Registered	  	222339	  	2/7/2000	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Peru	  	Registered	  	058267	  	10/15/1999	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Peru	  	Registered	  	176049	  	5/23/2011	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Peru	  	Registered	  	175423	  	3/31/2011	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Qatar	  	Registered	  	44406	  	4/25/2007	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Qatar	  	Registered	  	44407	  	4/25/2007	  	18	  	N/A

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in

Trademark

Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	Phat Fashions LLC	  	Romania	  	Registered	  	074184	  	1/11/2006	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Romania	  	Registered	  	074185	  	1/11/2006	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Romania	  	Registered	  	074176	  	1/11/2006	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Romania	  	Registered	  	074186	  	1/11/2006	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Russian Federation	  	Registered	  	276912	  	10/21/2004	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Russian Federation	  	Registered	  	321362	  	2/19/2007	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Russian Federation	  	Registered	  	269478	  	5/31/2004	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Russian Federation	  	Registered	  	322147	  	3/12/2007	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Saudi Arabia	  	Registered	  	996/75	  	6/19/2008	  	18	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Saudi Arabia	  	Registered	  	955/10	  	11/10/2007	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01908]	  	[filed 2/11/2004]	  	14	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and 18.
								
	BABY PHAT	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01910]	  	[filed 2/11/2004]	  	25	  	This application has been rejected by the Registrar due to the following registrations: -2002/01162 PHAT HAIR in Class 3 in the name of Designer Group (Pty) Ltd.
								
		  		  		  		  		  		  		  	
								
		  		  		  		  		  		  		  	
								
		  		  		  		  		  		  		  	

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in

Trademark

Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

		  		  		  		  		  		  		  	-2002/19607 PHAT FARM in Class 25 in the name of J & L Sales CC -1998/12663 PHAT JOE in Class 25 in the name of Black Chameleon Entertainment CC -2001/18594 PHAT in Class 25 in the name of Truworths Ltd -2002/00488 PHAT BASTARD
in Class 25 in the name of Alcon Impex (Pty) Ltd -2003/16633 PHATCAT in Class 25 in the name of Reldann Properties No. 2 CC
								
	BABY PHAT	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01909]	  	[filed 2/11/2004]	  	18	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and 18.
								
	BABY PHAT	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01907]	  	[filed 2/11/2004]	  	9	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and 18.
								
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01942	  	8/13/2008	  	9	  	N/A
								
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01944	  	8/13/2008	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01941	  	8/13/2008	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01945	  	8/13/2008	  	25	  	N/A
								
		  		  		  		  		  		  		  	
								
		  		  		  		  		  		  		  	
								
		  		  		  		  		  		  		  	
								
		  		  		  		  		  		  		  	
								
		  		  		  		  		  		  		  	
								
		  		  		  		  		  		  		  	
								
		  		  		  		  		  		  		  	
								
		  		  		  		  		  		  		  	

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in

Trademark

Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

								
	

	  	Phat Fashions LLC	  	South Africa	  	Registered	  	2004/01943	  	8/13/2008	  	14	  	N/A
								
	PHAT	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01899]	  	[filed 2/11/2004]	  	18	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and 18.
								
	PHAT	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01898]	  	[filed 2/11/2004]	  	14	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and 18.
								
	PHAT	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01897]	  	[filed 2/11/2004]	  	9	  	This application has been rejected by the Registrar due to the following registrations: -2002/01162 PHAT HAIR in Class 3 in the name of Designer Group (Pty) Ltd. -2002/19607 PHAT FARM in Class 25 in the name of J & L Sales CC
-1998/12663 PHAT JOE in Class 25 in the name of Black Chameleon Entertainment CC -2001/18594 PHAT in Class 25 in the name of Truworths Ltd -2002/00488 PHAT BASTARD in Class 25 in the name of Alcon Impex (Pty) Ltd -2003/16633 PHATCAT in Class 25 in
the name of Reldann Properties No. 2 CC
								
	PHAT	  	Phat Fashions LLC	  	South Africa	  	Pending	  	[s/n 2004/01900]	  	[filed 2/11/2004]	  	25	  	This application was accepted by the Registrar on the condition that Phat Fashions agreed to its association with the applications for PHAT and PHAT FARM in Classes 9, 14, and 18.
								
		  		  		  		  		  		  		  	
								
		  		  		  		  		  		  		  	
								
		  		  		  		  		  		  		  	
								
		  		  		  		  		  		  		  	
								
		  		  		  		  		  		  		  	
								
		  		  		  		  		  		  		  	
								
		  		  		  		  		  		  		  	
								
		  		  		  		  		  		  		  	
								
		  		  		  		  		  		  		  	
								
		  		  		  		  		  		  		  	

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in

Trademark

Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

	BABY PHAT	  	Phat Fashions LLC	  	Sweden	  	Registered	  	337019	  	5/5/2000	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Switzerland	  	Registered	  	470.895	  	10/19/1999	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Switzerland	  	Registered	  	543.074	  	2/23/2006	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Switzerland	  	Registered	  	543.075	  	2/23/2006	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Switzerland	  	Registered	  	543.076	  	2/23/2006	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1213413	  	6/16/2006	  	3	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1211505	  	6/1/2006	  	14	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1252965	  	3/1/2007	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1213415	  	6/16/2006	  	3	  	N/A
								
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1211507	  	6/1/2006	  	14	  	N/A
								
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1346472	  	1/16/2009	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1252970	  	3/1/2007	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1213414	  	6/16/2006	  	3	  	N/A
								
		  		  		  		  		  		  		  	
								
		  		  		  		  		  		  		  	

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in

Trademark

Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

								
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1211506	  	6/1/2006	  	14	  	N/A
								
	

	  	Phat Fashions LLC	  	Taiwan	  	Registered	  	1252969	  	3/1/2007	  	25	  	N/A
								
	PHAT	  	Phat Fashions LLC	  	Taiwan	  	Renewed	  	626361	  	1/1/1994	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Thailand	  	Registered	  	215635	  	3/23/2005	  	18	  	N/A
								
	

	  	Phat Fashions LLC	  	Thailand	  	Registered	  	240010	  	2/24/2004	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Turkey	  	Registered	  	2005/08321	  	3/11/2005	  	18, 25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Turkey	  	Registered	  	2002/14586	  	6/13/2002	  	3, 14, 18, 25	  	N/A
								
	

	  	Phat Fashions LLC	  	Turkey	  	Registered	  	2006/01384	  	1/18/2006	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Turkey	  	Registered	  	2006/01500	  	1/19/2006	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	Turkey	  	Registered	  	2006/01498	  	1/19/2006	  	25	  	N/A
								
	PHAT	  	Phat Fashions LLC	  	Turkey	  	Registered	  	2002/14585	  	6/13/2002	  	3, 14, 18, 25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	United Arab Emirates	  	Registered	  	58642	  	3/14/2006	  	18	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	United Arab Emirates	  	Registered	  	58641	  	3/14/2006	  	25	  	N/A
								
	

	  	Phat Fashions LLC	  	United Arab Emirates	  	Registered	  	85293	  	11/26/2007	  	25	  	N/A
								
		  		  		  		  		  		  		  	

															
	 Trademark
	  	 Owner
	  	 Country
	  	 Status in

Trademark

Office
	  	 Federal
Registration
Number
	  	 Registration

Date
	  	 Class
	  	 Litigation / Opposition

Status

								
	

	  	Phat Fashions LLC	  	United Kingdom (Madrid Protocol)	  	Registered	  	IR 905391	  	3/3/2006	  	3	  	N/A
								
	PHAT	  	Phat Fashions LLC	  	United Kingdom	  	Renewed	  	1545530	  	8/19/1993	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Uruguay	  	Registered	  	314.451	  	2/16/2000	  	25	  	N/A
								
	BABY PHAT	  	Phat Fashions LLC	  	Venezuela	  	Registered	  	P-219.712	  	4/7/2000	  	25	  	N/A

 EXHIBIT H 

PF UCC FINANCING STATEMENTS TO BE SUBJECT TO PARTIAL RELEASE 

See attached. 

  
 

 
 UCC FINANCING STATEMENT AMENDMENT FOLLOW INSTRUCTIONS (front and back) CAREFULLY A. NAME & PHONE OF CONTACT AT FILER [optional]
B.SEND ACKNOWLEDGMENT TO: (Name and Address) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY 1a. INITIAL FINANCING STATEMENT FILE # 1b. This FINANCING STATEMENT AMENDMENT is to be filed [for record] (or recorded) in the REAL ESTATE RECORDS.
200604110317715 initial filing date: 04/11/2006 2. TERMINATION: Effectiveness of the Financing Statement identified above is terminated with respect to security interest(s) of the Secured Party authorizing this Termination Statement. 3.
CONTINUATION: Effectiveness of the Financing Statement identified above with respect to security interest(s) of the Secured Party authorizing this Continuation Statement is continued for the additional period provided by applicable law. 4.
ASSIGNMENT (full or partial): Give name of assignee in item 7a or 7b and address of assignee in item 7c; and also give name of assignor in item 9. 5. AMENDMENT (PARTY INFORMATION): This Amendment affects Debtor or Secured Party of record. Check only
one of these two boxes. Also check one of the following three boxes and provide appropriate information in items 6 and/or 7. CHANGE name and/or address; Please refer to the detailed instructions DELETE name: Give record name ADD name: Complete item
7a or 7b, and also item 7c; in regards to changing the name/address of a party. to be deleted in item 6a or 6b. also complete items 7e-7g (if applicable) 6.CURRENT RECORD INFORMATION: 6a. ORGANIZATION’S NAME OR 6b. INDIVIDUAL’S LAST NAME
FIRST NAME MIDDLE NAME SUFFIX 7. CHANGED (NEW) OR ADDED INFORMATION: 7a. ORGANIZATION’S NAME OR 7b. INDIVIDUAL’S LAST NAME FIRST NAME MIDDLE NAME SUFFIX 7c. MAILING ADDRESS CITY STATE POSTAL CODE COUNTRY 7d. SEE INSTRUCTIONS ADD’L
INFO RE 7e. TYPE OF ORGANIZATION 7f. JURISDICTION OF ORGANIZATION 7g. ORGANIZATIONAL ID #, if any ORGANIZATION DEBTOR None 8. AMENDMENT (COLLATERAL CHANGE): check only one box. Describe collateral deleted or added, or give entire restated collateral
description, or describe collateral assigned. Secured Party hereby releases all right, title and interest in and to all Purchased Assets, as more particularly described in the definition of “Purchased Assets”, as set forth in that certain
Purchase Agreement, dated as of December 11, 2012, by and between Debtor and Baby Phat Holding Company, LLC (the “Purchase Agreement”), as such Purchase Agreement was in effect on December 11, 2012. 9. NAME OF SECURED PARTY OF
RECORD AUTHORIZING THIS AMENDMENT (name of assignor, if this is an Assignment). If this is an Amendment authorized by a Debtor which adds collateral or adds the authorizing Debtor, or if this is a Termination authorized by a Debtor, check here and
enter name of DEBTOR authorizing this Amendment. 9a. ORGANIZATION’S NAME Sun Kellwood Finance, LLC, as Agent OR 9b. INDIVIDUAL’S LAST NAME FIRST NAME MIDDLE NAME SUFFIX 10. OPTIONAL FILER REFERENCE DATA File with the NY DOS Debtor: Phat
Fashions LLC International Association of Commercial Administrators (IACA) FILING OFFICE COPY — UCC FINANCING STATEMENT AMENDMENT (FORM UCC3) (REV. 05/22/02)

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