Document:

Ex-4.25

 Exhibit 4.25 

 
 

 
 Rod Snodgrass 

Telecom New Zealand Limited 
 42-52 Willis St

 Wellington 
 1 December 2012

 Dear Rod 
 EXTENSION OF
WHOLESALE COMMERCIAL SERVICES AGREEMENT 
 Introduction 
 On or about 15 November 2011 Telecom New Zealand Limited (“Telecom”) and Chorus New Zealand Limited (“Chorus”) signed the Wholesale Commercial Services Agreement
(WCSA). The WCSA commenced on 1 December 2011 and is due to expire on 1 December 2012. 
 We wish to alleviate any concerns you may
have regarding the continued provision of services from Chorus over the coming months due to the pending expiry of the WCSA. We assure you that Chorus have no intention of disrupting supply of WCSA governed services while we work through contract
changes with Telecom. 
 Until such time as new contracts are executed between the parties (or this letter agreement is terminated in accordance
with clause 4 below) Chorus will continue to provide services to you as set out in this letter agreement 
 Chorus and Telecom wish to extend
the WCSA as set out below. By signing this letter agreement, you agree to abide by the terms of this letter agreement 
 Extension

 Chorus and Telecom agree that the WCSA is extended until, and shall terminate on (unless agreed otherwise by the parties), the date that
is the earlier of: 
  

	 	(a)	the date that Chorus makes the new finalised CSA template and accompanying finalised substitute Service Appendices (ex WCSA) available for acceptance by Telecom; and

  

	 	(b)	the date that is three (3) months from the date of notice of termination under clause 4 below. 

Terms on which Chorus will continue to provide services to Telecom 

 

	1.	Chorus will continue to provide services to you in accordance with, and you agree to abide by the terms and conditions contained In the WCSA between you and Chorus
(including Service Appendices as applicable). 

  
 

 

	2.	For the avoidance of doubt the WCSA may be amended from time to time, within the terms of the WCSA and Chorus expressly reserves the right to change its prices in
accordance with the terms of the WCSA. 

  

	3.	Chorus will work collaboratively with you to finalise and agree the new CSA and service appendices that sit under the new CSA. 

 

	4.	You acknowledge and agree that either party may terminate this letter agreement on giving the other three months notice. 

 

					
	Yours faithfully	 		 	Telecom New Zealand Limited
			
	

	 		 	 

 Acknowledges that these are the terms on which Chorus agrees to continue to provide services to Telecom New Zealand
Limited and agrees to the terms and conditions of this letter agreement.

	Victoria Crone	 		 	Rod Snodgrass
	General Manager Sales & Marketing	 		 	Chief Product Officer
	Chorus New Zealand Limited	 		 	Telecom New Zealand Limited

  
 2EX-10.1

 Exhibit 10.1 
 Execution Version 
 FIRST AMENDMENT TO SIXTH AMENDED AND RESTATED
LOAN AND SECURITY 
 AGREEMENT, FIRST AMENDMENT TO AMENDED AND RESTATED GUARANTY, 

FIRST AMENDMENT TO AMENDED AND RESTATED SECURITY AGREEMENT, AND 
 TERMINATION AGREEMENT 
 FIRST AMENDMENT TO SIXTH AMENDED AND RESTATED LOAN AND
SECURITY AGREEMENT, FIRST AMENDMENT TO AMENDED AND RESTATED GUARANTY, FIRST AMENDMENT TO AMENDED AND RESTATED SECURITY AGREEMENT, AND TERMINATION AGREEMENT (this “Amendment”) dated as of June 26, 2013 by and among
DESTINATION XL GROUP, INC. (f/k/a Casual Male Retail Group, Inc.), a Delaware corporation, as a Borrower and as Borrowers’ Representative for the other Borrowers now or hereafter party to the Loan Agreement, CMRG APPAREL, LLC, a
Delaware limited liability company, as a Borrower, the Guarantors party hereto, the Revolving Credit Lenders party hereto, and BANK OF AMERICA, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”) and
as Collateral Agent (in such capacity, the “Collateral Agent”). 
 W I T N E S S E T H: 

WHEREAS, the Borrowers’ Representative, the Borrowers, certain of the Revolving Credit Lenders, the Administrative Agent and the
Collateral Agent, among others, have entered into a certain Sixth Amended and Restated Loan and Security Agreement, dated as of November 10, 2010 (as amended, restated, supplemented or otherwise modified from time to time, the “Loan
Agreement”); and 
 WHEREAS, the parties to the Loan Agreement desire to modify certain provisions of the Loan
Agreement as provided herein; 
 NOW THEREFORE, in consideration of the mutual promises and agreements herein contained, the
parties hereto hereby agree as follows: 
  

	1.	Incorporation of Terms and Conditions of Loan Agreement. Except as amended hereby, all of the terms and conditions of the Loan Agreement (including, without
limitation, all definitions set forth therein) are specifically incorporated herein by reference. Except as amended hereby, all capitalized terms used (including in the preamble hereto) but not otherwise defined herein shall have the same meaning as
in the Loan Agreement, as applicable. 

  

	2.	Representations and Warranties. Each Loan Party hereby represents and warrants that, as of the First Amendment Effective Date, (i) no Default or Event of
Default exists under the Loan Agreement or under any other Loan Document and (ii) all representations and warranties contained in the Loan Agreement and in the other Loan Documents, each as amended hereby, are true and correct in all material
respects; provided that, to the extent that such representations and warranties specifically refer to an earlier date, they are true and correct in all material respects as of such earlier date; provided, further that, any
representation and warranty that is qualified as to “materiality,” “material adverse effect” or similar language is true and correct (after giving effect to any qualification therein) in all respects. 

  
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	3.	Ratification of Loan Documents, Guaranties and Security Interests. The Loan Agreement, as hereby amended, and, except as specifically set forth herein, all other
Loan Documents, are hereby ratified, confirmed and re-affirmed in all respects and shall continue in full force and effect. Each Guarantor hereby acknowledges, confirms and agrees that its Liabilities as a Guarantor under, and as defined in, the
applicable Guarantor Agreements to which it is a party include, without limitation, all Liabilities of the Loan Parties at any time and from time to time outstanding under the Loan Agreement and the other Loan Documents, each as amended hereby. The
Loan Parties hereby acknowledge, confirm and agree that, except as specifically provided herein, the Loan Documents and any and all Collateral pledged to the Collateral Agent, for the benefit of the Secured Parties, pursuant to the Loan Documents as
amended hereby shall continue to secure all applicable Liabilities of the Loan Parties at any time and from time to time outstanding under the Loan Agreement and the other Loan Documents, each as amended hereby. 

 

	4.	Amendments to Loan Agreement. Subject to the satisfaction or waiver of the conditions precedent set forth in Section 8 hereof: 

 

	 	a.	Article 1 of the Loan Agreement is hereby amended as follows: 

  

	 	i.	by deleting the table in the definition of “Applicable Margin” in its entirety and substituting the following in its stead: 

 

											
	 LEVEL
	  	 AVERAGE EXCESS

AVAILABILITY
	  	APPLICABLE
MARGIN FOR
LIBOR LOANS	 	 	APPLICABLE
MARGIN FOR
BASE MARGIN
LOANS	 
	 I
	  	 Greater than 35% of
 the Borrowing Base
	  	 	1.50	% 	 	 	0.50	% 
	 II
	  	 Less than or equal to
 35% of the Borrowing Base
	  	 	1.75	% 	 	 	0.75	% 

  

	 	ii.	by deleting in its entirety the first sentence immediately after the table in the definition of “Applicable Margin” and substituting the following in
its stead: 

 The Applicable Margin shall be set on the First Amendment Effective Date based upon the Average
Excess Availability for the three (3) months immediately preceding the First Amendment Effective Date and shall remain unchanged until the first day of the first calendar quarter commencing no earlier than three calendar months after the First
Amendment Effective Date. 

  
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	 	iii.	by deleting the reference to “twelve (12) Fiscal months” in the fifth line of the definition of “Availability Condition” and
substituting “six (6) Fiscal months” in its stead; 

  

	 	iv.	by deleting the definition of “BALC Indebtedness” in its entirety and substituting the following in its stead: 

“BALC Indebtedness”: Indebtedness pursuant to equipment financing arrangements with BALC on terms and conditions
reasonably acceptable to the Administrative Agent. 
  

	 	v.	by deleting the definition of “BALC Loan Agreement” in its entirety; 

 

	 	vi.	by deleting each reference to “fifteen percent (15%) of the Loan Cap” in the definition of “Cash Dominion Event” and substituting
“twelve and one-half percent (12.5%) of the Loan Cap” in its stead; 

  

	 	vii.	by deleting the definition of “Fee Letter” in its entirety and substituting the following in its stead: 

“Fee Letter” means, initially, the letter dated as of September 28, 2010 between Borrowers’ Representative and
the Administrative Agent, as such letter may from time to time be amended, restated, supplemented or otherwise modified and, from and after the First Amendment Effective Date, the letter dated May 30, 2013 among the Borrowers’
Representative, Bank of America, N.A., and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as such letter may from time to time be amended, restated, supplemented or otherwise modified. 

 

	 	viii.	By deleting the reference to “ fourteen days” in clause (a) of the definition of “Interest Period” and substituting “seven
days” in its stead; 

  

	 	ix.	by adding a new clause (c) at the end of the definition of “Liabilities” as follows: 

(c) Notwithstanding anything herein to the contrary, the Liabilities shall not include any Excluded Swap Obligations. 

 

	 	x.	by adding the following phrase at the end of the definition of “Material Accounting Change”: 

  
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 Notwithstanding anything to the contrary above or in the definition of Capital Lease
Obligations or Capital Expenditures, in the event of a change under GAAP (or the application thereof) requiring all leases to be capitalized, only those leases that would result or would have resulted in Capital Lease Obligations or Capital
Expenditures on the First Amendment Effective Date (assuming for purposes hereof that they were in existence on the date hereof) hereunder shall be considered capital leases hereunder and all calculations and deliverables under this Agreement or any
other Loan Document shall be made in accordance therewith. 
  

	 	xi.	by deleting the definition of “Maturity Date” in its entirety and substituting the following in its stead: 

“Maturity Date”: June 26, 2018. 
  

	 	xii.	by deleting clause (c) of the definition of “Payment Conditions” in its entirety and substituting the following in its stead:

 (c) after giving pro forma effect to such transaction or payment, the Consolidated Fixed Charge Coverage Ratio,
tested on a trailing twelve month basis, shall be equal to or greater than 1.0 to 1.0; provided that this clause (c) shall not apply if Excess Availability at the time of such determination and projected for the six (6) Fiscal months
immediately following and after giving effect to such transaction or payment was equal to or greater than the greater of (x) twenty five percent (25%) of the Loan Cap and (y) $20,000,000. 

 

	 	xiii.	by adding a new clause (h) at the end of the definition of “Permitted Indebtedness” as follows: 

(h) Indebtedness with respect to senior unsecured subordinated convertible notes; provided that (i) no Default or Event of
Default shall exist on the date such Indebtedness is incurred or shall result therefrom, (ii) such Indebtedness shall not have a maturity date that is earlier than ninety (90) days after the Maturity Date, and (iii) the terms and
conditions of such Indebtedness shall be reasonably satisfactory to the Administrative Agent. 
  

	 	xiv.	By deleting the last sentence of the definition of “Revolving Credit Commitments” in its entirety and substituting the following in its stead:

 The aggregate Revolving Credit Dollar Commitments as of the First Amendment Effective Date is $100,000,000.00.

  
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	 	xv.	by adding the following new definitions in appropriate alphabetical order: 

 “Arranger”: Merrill Lynch, Pierce, Fenner & Smith Incorporated, in its capacity as lead arranger and book manager. 

“Change in Law” means the occurrence, after the date of this Agreement, of any of the following: (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, implementation or application thereof by any Governmental Authority or (c) the making
or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and
Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued 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 Basel III, shall in each case be deemed to be a “Change in Law”, regardless of the
date enacted, adopted or issued. 
 “Commodity Exchange Act”: The Commodity Exchange Act (7 U.S.C. § 1 et
seq.), as amended from time to time, and any successor statute. 
 “Connection Income Tax” means Other
Connection Taxes that are imposed or measured by income (however denominated) or that are franchise Taxes or branch profits Taxes. 
 “Covenant Compliance Event”: The failure of the Borrowers to maintain Excess Availability at all times equal to or greater than the greater of (x) ten percent (10%) of the Loan
Cap and (y) $7,500,000. For purposes hereof, the occurrence of a Covenant Compliance Event shall be deemed continuing until the first date thereafter when Excess Availability has equaled or exceeded the greater of (x) ten percent
(10%) of the Loan Cap and (y) $7,500,000, for thirty (30) consecutive calendar days. The termination of a Covenant Compliance Event as provided herein shall in no way limit, waive or delay the occurrence of a subsequent Covenant
Compliance Event in the event that the conditions set forth in this definition again arise. 

  
 -5-

 “Excluded Swap Obligation”: With respect to any Loan Party, any Swap
Obligation if, and to the extent that, all or a portion of such Loan Party’s guaranty (or deemed guaranty), or the grant by such Loan Party of a security interest to secure, such Swap Obligation (or any guaranty thereof) is or becomes illegal
under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Loan Party’s failure for any reason to constitute an
“eligible contract participant” as defined in the Commodity Exchange Act (determined after giving effect to Section 19.20(e) hereof and any and all guaranties of such Loan Party’s Swap Obligations by other Loan Parties) and the
regulations thereunder at the time the guaranty of such Loan Party, or the grant by such Loan Party of such security interest becomes, or is deemed to become, effective with respect to such Swap Obligation. If a Swap Obligation arises under a master
agreement governing more than one “swap” (within the meaning of Section 1a(47) of the Commodity Exchange Act), such exclusion shall apply only to the portion of such Swap Obligation that is attributable to “swaps” (within
the meaning of Section 1a(47) of the Commodity Exchange Act) for which such guaranty or security interest is or becomes illegal. 
 “Excluded Taxes” means any of the following Taxes imposed on or with respect to any Secured Party or required to be withheld or deducted from a payment to a Secured Party, (a) Taxes
imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Secured Party being organized under the laws of, or having its principal office or, in the case
of any Revolving Credit Lender, its Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Revolving Credit Lender, U.S. federal
withholding Taxes imposed on amounts payable to or for the account of such Revolving Credit Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Revolving Credit Lender
acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under Section 10.13) or (ii) such Revolving Credit Lender changes its Lending Office, except in each case to the extent that,
pursuant to Section 3.01(a)(ii) or (c), amounts with respect to such Taxes were payable either to such Revolving Credit Lender’s assignor immediately before such Revolving Credit Lender became a party hereto or to such Revolving Credit
Lender immediately before it changed its Lending Office, and (c) any U.S. federal withholding Taxes imposed pursuant to FATCA. 

  
 -6-

 “FATCA” means Sections 1471 through 1474 of the Internal Revenue Code of
1986, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreements
entered into pursuant to Section 1471(b)(1) of the Internal Revenue Code of 1986. 
 “First Amendment Effective
Date”: June 26, 2013. 
 “Governmental Authority” means the government of the United States or
any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 
 “Indemnified Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of any Loan Party under any Loan
Document and (b) to the extent not otherwise described in (a), Other Taxes. 
 “Lending Office” means, as
to any Revolving Credit Lender, the office or offices of such Revolving Credit Lender as such Revolving Credit Lender may from time to time notify the Borrower’s Representative and the Agent. 

“Other Connection Taxes” means, with respect to any Secured Party, Taxes imposed as a result of a present or former
connection between such Secured Party and the jurisdiction imposing such Tax (other than connections arising from such Secured Party having executed, delivered, become a party to, performed its obligations under, received payments under, received or
perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document). 
 “Other Taxes” means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery,
performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment
(other than an assignment made pursuant to Section 3.06). 

  
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 “Qualified ECP Guarantor”: At any time, each Loan Party with total assets
exceeding $10,000,000 or that otherwise qualifies at such time as an “eligible contract participant” under the Commodity Exchange Act and can cause another Person to qualify as an “eligible contract participant” at such time
under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 
 “Specified Loan Party”: Any Loan Party
that is not then an “eligible contract participant” under the Commodity Exchange Act (determined prior to giving effect to Section 19.20(e)). 
 “Swap Obligation”: With respect to any Loan Party, any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of
Section 1a(47) of the Commodity Exchange Act. 
 “Taxes” means 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. 

 

	 	b.	Section 2.13 is hereby amended by deleting it in its entirety and substituting the following in its stead: 

2.13 STRUCTURING FEE. In consideration of the Arranger having arranged the Revolving Credit Facility for the Borrowers, as of the
First Amendment Effective Date there has been earned by the Arranger and the Borrowers shall pay the “Structuring Fee” to the Arranger in the amount and payable as provided in the Fee Letter. 

 

	 	c.	Section 2.16 of the Loan Agreement is hereby amended by deleting the reference to “0.375%” in the third line thereof and substituting “0.25%”
in its stead. 

  

	 	d.	Section 2.24(c) of the Loan Agreement is hereby amended by: 

  

	 	i.	deleting the reference to “the Administrative Agent” in the eighth line thereof and substituting “the Arranger” in its stead; and

  

	 	ii.	adding the phrase “and the Arranger” immediately after the phrase “the Administrative Agent” in the proviso thereto. 

  
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	 	e.	Section 2.24(d) of the Loan Agreement is hereby amended by adding the phrase “and the Arranger” immediately after the phrase “the Administrative
Agent” in the second line thereof. 

  

	 	f.	Section 5.9 of the Loan Agreement is hereby amended by deleting clauses (b) and (c) thereof in their entirety and substituting the following in their
stead: 

 (b) The Administrative Agent may obtain appraisals of the Collateral conducted by such appraisers as are
satisfactory to the Administrative Agent. As of the First Amendment Effective Date, the Administrative Agent shall be entitled to obtain one (1) appraisal (at the Loan Parties’ expense) of the Loan Parties’ Inventory during any twelve
(12) month period during which this Agreement is in effect, conducted by such appraisers as are satisfactory to the Administrative Agent; provided that, if Excess Availability at any time is less than thirty percent (30%) of the Loan Cap,
the Loan Parties acknowledge that the Administrative Agent may, in its discretion, undertake up to two (2) appraisals of the Loan Parties’ Inventory in the following twelve (12) month period at the Loan Parties’ expense. In
addition, the Administrative Agent may obtain additional appraisals at its own expense; provided, however, that following the occurrence of an Event of Default, the Administrative Agent may, in its discretion, cause additional
appraisals to be undertaken at the Loan Parties’ expense. 
 (c) The Administrative Agent may obtain commercial finance
audits of the Loan Parties’ books and records, conducted by such examiners as are satisfactory to the Administrative Agent. As of the First Amendment Effective Date, the Administrative Agent shall be entitled to conduct one (1) commercial
finance audit (at the Loan Parties’ expense) of the Loan Parties’ books and records during any twelve (12) month period during which this Agreement is in effect, conducted by such examiners as are satisfactory to the Administrative
Agent; provided that, if Excess Availability at any time is less than thirty percent (30%) of the Loan Cap, the Loan Parties acknowledge that the Administrative Agent may, in its discretion, undertake up to two (2) commercial finance
audits of the Loan Parties’ books and records in the following twelve (12) month period at the Loan Parties’ expense. In addition, the Administrative Agent may obtain additional commercial finance audits at its own expense;
provided, however, that following the occurrence of an Event of Default, the Administrative Agent may, in its discretion, cause additional commercial finance audits to be undertaken at the Loan Parties’ expense. 

  
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	 	g.	Section 5.11 of the Loan Agreement is hereby amended by deleting it in its entirety and substituting the following in its stead: 

5.11 FINANCIAL COVENANT. So long as a Covenant Compliance Event is continuing, the Borrowers shall not permit the Consolidated
Fixed Charge Coverage Ratio, tested monthly on a trailing twelve month basis commencing with the Fiscal month ending immediately prior to the occurrence of a Covenant Compliance Event, to be less than 1.0 to 1.0. 

 

	 	h.	Section 8.1 of the Loan Agreement is hereby amended by deleting it in its entirety and substituting the following in its stead: 

8.1. GRANT OF SECURITY INTEREST. To secure the Borrowers’ prompt, punctual, and faithful performance of all and each of the
Liabilities, each Borrower hereby grants to the Collateral Agent, for the benefit of the Secured Parties as their interests may appear herein, a continuing security interest in and to, and assigns to the Collateral Agent, for the benefit of the
Secured Parties as their interests may appear herein the following, and each item thereof, whether now owned or now due, or in which that Borrower has an interest, or hereafter acquired, arising, or to become due, or in which that Borrower obtains
an interest, and all products, Proceeds, substitutions, and accessions of or to any of the following (all of which, together with any other property in which the Collateral Agent may in the future be granted a security interest, is referred to
herein as the “Collateral”; any of the following terms not defined in this Agreement shall have the meanings attributed thereto in the UCC): 
  

	 	(a)	all Accounts; 

  

	 	(b)	all Inventory; 

  

	 	(c)	all Documents with respect to such Borrower’s Accounts and Inventory; 

 

	 	(d)	all Instruments and Chattel Paper with respect to or arising from the Disposition of such Borrower’s Accounts and Inventory; 

 

	 	(e)	all Letters of Credit and Letter-of-Credit Rights with respect to or arising from the Disposition of each Borrower’s Accounts and Inventory;

  

	 	(f)	all General Intangibles with respect to such Borrower’s Accounts and Inventory (other than to the extent consisting of trademarks, copyrights, patents or other
intellectual property); 

  

	 	(g)	all Deposit Accounts (other than Exempt DDAs); 

  
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	 	(h)	all Supporting Obligations with respect to or arising from the Disposition of such Borrower’s Accounts and Inventory; 

 

	 	(i)	all Commercial Tort Claims relating to or arising from the foregoing Collateral; 

 

	 	(j)	all books, records, and information relating to the foregoing Collateral, and all rights of access to such books, records, and information, and all property in which
such books, records, and information are stored, recorded, and maintained; 

  

	 	(k)	all Securities Accounts containing any cash Proceeds of any of the foregoing; and 

 

	 	(l)	all Proceeds and products of each of the foregoing and all accessions to, substitutions and replacements for, and rents, profits and products of, each of the foregoing,
and any and all proceeds of any insurance, indemnity, warranty or guaranty payable to such Borrower from time to time with respect to any of the foregoing. 

 

	 	i.	Section 8.2 of the Loan Agreement is hereby amended by: 

  

	 	i.	deleting the phrase “is in addition to, and supplemental of, any security interest previously granted by any Borrower to the Collateral Agent and” from clause
(a) thereto; 

  

	 	ii.	deleting clause (b) thereof in its entirety and substituting “Reserved” in its stead; and 

 

	 	iii.	adding the phrase “that constitutes Collateral” in the first line of clause (c) thereof immediate after the phrase “acquire a Commercial Tort
Claim”. 

  

	 	j.	Section 10.19 of the Loan Agreement is hereby amended by deleting the reference to “July 31, 2010” therein and substituting “February 2, 2013”
in its stead. 

  

	 	k.	Section 15.2 of the Loan Agreement is hereby amended by adding the following sentence at the end of clause (a) thereof immediately after sub-clause (iii):

 Until the Majority Revolving Credit Lenders otherwise direct the Administrative Agent to cease making Revolving
Credit Loans and issuing L/Cs, the Revolving Credit Lenders will fund their Revolving Credit Percentage Commitment of all Revolving Credit Loans and participate in all SwingLine Loans and L/Cs whenever made or issued, which are requested by the
Borrowers and which, notwithstanding the failure of the Loan Parties to comply with the provisions of Section 2.5, are agreed to by the Administrative 

  
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Agent, provided, however, that the making of any such Revolving Credit Loans or the issuance of any L/Cs shall not be deemed a modification or waiver by any Secured Party of the provisions of
Section 2.5 on any future occasion or a waiver of any rights of the Secured Parties as a result of any such failure to comply. The conditions set forth in Section 2.5 are for the sole benefit of the Secured Parties. 

 

	 	l.	Section 19.8 of the Loan Agreement is hereby amended by deleting it in its entirety and substituting the following in its stead: 

19.8. INCREASED COSTS. (a) Increased Costs Generally. If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against
assets of, deposits with or for the account of, or credit extended or participated in by, any Revolving Credit Lender (except any reserve requirement reflected in the LIBOR Rate) or the Issuer; 

(ii) subject any Secured Party to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through
(d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or

 (iii) impose on any Revolving Credit Lender or the Issuer or the London interbank market any other condition, cost or expense
affecting this Agreement or LIBOR Rate Loans made by such Revolving Credit Lender or any L/C or participation therein; 
 and the
result of any of the foregoing shall be to increase the cost to such Revolving Credit Lender of making, converting to, continuing or maintaining any Libor Loan (or of maintaining its obligation to make any such Loan), or to increase the cost to such
Revolving Credit Lender or the Issuer of participating in, issuing or maintaining any L/C (or of maintaining its obligation to participate in or to issue any L/C), or to reduce the amount of any sum received or receivable by such Revolving Credit
Lender or the Issuer hereunder (whether of principal, interest or any other amount) then, upon written request of such Revolving Credit Lender or the Issuer (such request to set out in reasonable detail the facts giving rise to and a summary
calculation of such increased cost or reduced income), the Loan Parties will pay to such Revolving Credit Lender or the Issuer, as the case may be, such additional amount or amounts as will compensate such Revolving Credit Lender or the Issuer, as
the case may be, for such additional costs incurred or reduction suffered. 

  
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 (b) Capital Requirements. If any Revolving Credit Lender or the Issuer determines
that any Change in Law affecting such Revolving Credit Lender or the Issuer or any Lending Office of such Revolving Credit Lender or such Revolving Credit Lender’s or the Issuer’s holding company, if any, regarding capital or liquidity
requirements has or would have the effect of reducing the rate of return on such Revolving Credit Lender’s or the Issuer’s capital or on the capital of such Revolving Credit Lender’s or the Issuer’s holding company, if any, as a
consequence of this Agreement, the Commitments of such Revolving Credit Lender or the Loans made by, or participations in L/Cs or SwingLine Loans held by, such Revolving Credit Lender, or the L/Cs issued by the Issuer, to a level below that which
such Revolving Credit Lender or the Issuer or such Revolving Credit Lender’s or the Issuer’s holding company could have achieved but for such Change in Law (taking into consideration such Revolving Credit Lender’s or the Issuer’s
policies and the policies of such Revolving Credit Lender’s or the Issuer’s holding company with respect to capital adequacy), then, upon written request of such Revolving Credit Lender or Issuer or the Administrative Agent (such request
to set out in reasonable detail the facts giving rise to and a summary calculation of such reduction), from time to time the Loan Parties will pay to such Revolving Credit Lender or the Issuer, as the case may be, such additional amount or amounts
as will compensate such Revolving Credit Lender or the Issuer or such Revolving Credit Lender’s or the Issuer’s holding company for any such reduction suffered. 

 

	 	m.	Section 19.13(a) of the Loan Agreement is hereby amended by deleting the phrase “Unless otherwise specifically provided for herein,” at the beginning
thereof and substituting the following in its stead: 

 All computations of interest for Base Margin Loans when the
Base Rate is determined by Bank of America’s “prime rate” shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of 

 

	 	n.	Section 19.14(b) of the Loan Agreement is hereby amended by deleting the phrase “and that they cover all assets of each Loan Party” at the end thereof.

  

	 	o.	Section 19.20 of the Loan Agreement is hereby amended by adding a new clause (e) at the end thereof as follows: 

(e) Each Borrower that is a Qualified ECP Guarantor at the time that a guaranty (or deemed guaranty) or the grant of a security interest
under the Loan Documents, in each case, by any Specified Loan Party becomes effective with respect to any Swap Obligation (or any guaranty thereof), hereby jointly and severally, absolutely, unconditionally and irrevocably

  
 -13-

 
undertakes to provide such funds or other support to each Specified Loan Party with respect to such Swap Obligation as may be needed by such Specified Loan Party from time to time to honor all of
its obligations under the Loan Documents in respect of a guaranty of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be incurred without rendering such Qualified ECP Guarantor’s obligations and
undertakings under its guaranty (or deemed guaranty) of the Liabilities voidable under Applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP
Guarantor under this Section shall remain in full force and effect until all of the Liabilities have been indefeasibly paid and performed in full. Each such Loan Party intends this Section to constitute, and this Section shall be deemed to
constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Loan Party for all purposes of the Commodity Exchange Act. 

 

	 	p.	EXHIBIT 2.23 of the Loan Agreement is hereby amended and restated in its entirety as of the First Amendment Effective Date as set forth in Annex A hereto.

  

	5.	Amendment to Guaranty Agreement. Subject to the satisfaction or waiver of the conditions precedent set forth in Section 8 hereof, that certain Amended and
Restated Guaranty, dated as of November 10, 2010, by the Guarantors in favor of the Administrative Agent (as amended, restated, supplemented or otherwise modified from time to time, the “Guaranty Agreement”), is hereby amended
by adding two new paragraphs at the end thereof as follows: 

 LIMITATION OF LIABILITY: Notwithstanding
anything herein to the contrary, the Liabilities guaranteed by the Guarantors under this Guaranty shall not include any Excluded Swap Obligations. 
 KEEPWELL: Each Guarantor that is a Qualified ECP Guarantor at the time this Guaranty or the grant of a security interest under the Loan Documents, in each case, by any Specified Loan Party becomes
effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Loan Party with respect to such Swap Obligation as may be
needed by such Specified Loan Party from time to time to honor all of its obligations under the Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without
rendering such Qualified ECP Guarantor’s obligations and undertakings under this Guaranty voidable under Applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings
of each Qualified ECP Guarantor under this paragraph shall remain in full force and effect until all of the Liabilities have been indefeasibly 

  
 -14-

 
paid and performed in full. Each Guarantor intends this paragraph to constitute, and this paragraph shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell,
support, or other agreement” for the benefit of, each Specified Loan Party for all purposes of the Commodity Exchange Act. 
  

	6.	Amendment to Security Agreement. Subject to the satisfaction or waiver of the conditions precedent set forth in Section 8 hereof, that certain Amended and
Restated Security Agreement, dated as of November 10, 2010, by and among the Guarantors and the Collateral (as amended, restated, supplemented or otherwise modified from time to time, the “Security Agreement”), is hereby
amended as follows: 

  

	 	a.	Section 2.1 of the Security Agreement is hereby amended by deleting it in its entirety and substituting the following in its stead: 

2.1. GRANT OF SECURITY INTEREST. To secure each Guarantor’s prompt, punctual, and faithful performance of all and each of the
Liabilities and the obligations of each Guarantor under the 2010 Guaranty, each Guarantor hereby grants to the Agent, for the benefit of the Agent and the other Secured Parties, a continuing security interest in and to, and assigns to the Agent, for
the benefit of the Agent and the other Secured Parties, the following, and each item thereof, whether now owned or now due, or in which such Guarantor has an interest, or hereafter acquired, arising, or to become due, or in which such Guarantor
obtains an interest, and all products, Proceeds, substitutions, and accessions of or to any of the following (all of which, together with any other property in which the Agent may in the future be granted a security interest, is referred to herein
as the “Collateral”): 
  

	 	(a)	all Accounts; 

  

	 	(b)	all Inventory; 

  

	 	(c)	all Documents with respect to such Guarantor’s Accounts and Inventory; 

 

	 	(d)	all Instruments and Chattel Paper with respect to or arising from the Disposition of such Guarantor’s Accounts and Inventory; 

 

	 	(e)	all Letters of Credit and Letter-of-Credit Rights with respect to or arising from the Disposition of each Guarantor’s Accounts and Inventory;

  

	 	(f)	all General Intangibles with respect to such Guarantor’s Accounts and Inventory (other than to the extent consisting of trademarks, copyrights, patents or other
intellectual property); 

  
 -15-

	 	(g)	all Deposit Accounts (other than Exempt DDAs); 

  

	 	(h)	all Supporting Obligations with respect to or arising from the Disposition of such Guarantor’s Accounts and Inventory; 

 

	 	(i)	all Commercial Tort Claims relating to or arising from the foregoing Collateral; 

 

	 	(j)	all books, records, and information relating to the foregoing Collateral, and all rights of access to such books, records, and information, and all property in which
such books, records, and information are stored, recorded, and maintained; 

  

	 	(k)	all Securities Accounts containing any cash Proceeds of any of the foregoing; and 

 

	 	(l)	all Proceeds and products of each of the foregoing and all accessions to, substitutions and replacements for, and rents, profits and products of, each of the foregoing,
and any and all proceeds of any insurance, indemnity, warranty or guaranty payable to such Guarantor from time to time with respect to any of the foregoing. 

 

	 	b.	Section 2.2 of the Security Agreement is hereby amended by: 

  

	 	i.	deleting the phrase “is in addition to, and supplemental of, any security interest previously granted by the Guarantors to the Agent and” from clause
(a) thereto; 

  

	 	ii.	deleting clause (b) thereof in its entirety and substituting “Reserved” in its stead; and 

 

	 	iii.	adding the phrase “that constitutes Collateral” in the first line of clause (c) thereof immediate after the phrase “acquire a Commercial Tort
Claim”. 

  

	 	c.	Section 6.7(b) of the Security Agreement is hereby amended by deleting the phrase “and that they cover all assets of the Guarantors” at the end thereof.

  

	7.	Termination of Pledge Agreements and IP Security Documents. Subject to the satisfaction or waiver of the conditions precedent set forth in Section 8 hereof,
as of the date hereof, the documents set forth below in this Section 7 shall be terminated and be of no further force and effect (except for provisions of any such documents that by their own terms survive the termination thereof), the parties
thereto shall have no further rights and obligations thereunder, and the Collateral Agent hereby releases all Collateral Interests granted to it for the benefit of the Secured Party pursuant to the terms thereof: 

 

	 	a.	Amended and Restated Pledge Agreement dated as of November 10, 2010, by and among Destination XL Group, Inc. (f/k/a Casual Male Retail Group, Inc.) and the
Collateral Agent. 

  
 -16-

	 	b.	Amended and Restated Guarantor Pledge Agreement dated as of November 10, 2010, by and among Casual Male Store, LLC, Casual Male RBT, LLC, CMRG Holdco, LLC, CMRG
Apparel Management, Inc., CMXL Apparel, LP, and the Collateral Agent. 

  

	 	c.	Amended and Restated Trademark and Trademark Applications Security Agreement dated as of November 10, 2010, by and between CMRG Apparel, LLC and the Collateral
Agent. 

  

	 	d.	Copyright and Copyright Applications Security Agreement dated as of November 10, 2010, by and between CMRG Apparel, LLC and the Collateral Agent.

  

	 	e.	Patent and Patent Applications Security Agreement dated as of November 10, 2010, by and between CMRG Apparel, LLC and the Collateral Agent.

  

	8.	Conditions to Effectiveness. This Amendment shall not be effective until each of the following conditions precedent has been fulfilled to the satisfaction of, or
waived by, the Administrative Agent and the Revolving Credit Lenders: 

  

	 	a.	This Amendment shall have been duly executed and delivered by the Borrowers, the Borrowers’ Representative, the Guarantors, and the Revolving Credit Lenders. The
Administrative Agent shall have received a fully executed original or .pdf copy hereof. 

  

	 	b.	Each Revolving Credit Lender that so requests shall have a received a Revolving Credit Note duly executed and delivered by each Borrower in the full amount of such
Revolving Credit Lender’s Revolving Credit Dollar Commitment as of the date hereof. 

  

	 	c.	The Administrative Agent shall have a received a fully executed copy of a perfection certificate in form and substance satisfactory to it with respect to the
Borrowers’ Representative and its subsidiaries dated as of the date hereof. 

  

	 	d.	All action on the part of each Loan Party necessary for the valid execution, delivery and performance by such Loan Party of this Amendment shall have been duly and
effectively taken. 

  

	 	e.	The Borrowers shall have paid the amounts set forth in the Fee Letter dated May 30, 2013. 

  
 -17-

	 	f.	There shall not have occurred a material adverse change (x) in the business, assets, properties, liabilities (actual or contingent), operations, condition
(financial or otherwise) or prospects of the Borrowers’ Representative and its subsidiaries, taken as a whole, since February 2, 2013, or (y) in the facts and information regarding such entities as represented by such entities to
date. 

  

	 	g.	After giving effect to this Amendment, no Default or Event of Default shall have occurred and be continuing. 

 

	 	h.	The Revolving Credit Lenders shall have received satisfactory evidence that the Administrative Agent (for the benefit of the Secured Parties) shall have a valid and
perfected first priority lien and security interest in the Collateral to secure all Liabilities under the Loan Documents as amended hereby, including, without limitation, results of UCC searches with respect to each Loan Party satisfactory to the
Administrative Agent and Revolving Credit Lenders. 

  

	 	i.	No action, suit, investigation or proceeding shall be pending or, to the knowledge of the Borrowers, threatened in any court or before any arbitrator or governmental
authority that could reasonably be expected to (x) have a material adverse effect on the business, assets, properties, liabilities (actual and contingent), operations, condition (financial or otherwise) or prospects of the Borrowers’
Representative and its subsidiaries, taken as a whole, (y) adversely affect the ability of any Borrower or any Guarantor to perform its obligations under the Loan Documents, or (z) adversely affect the rights and remedies of the
Administrative Agent or the Revolving Credit Lenders under the Loan Documents. 

  

	 	j.	The Administrative Agent shall have received, in form and substance reasonably satisfactory to it, all such opinions of counsel or certifications as it may reasonably
request. 

  

	9.	Loan Document. This Amendment shall constitute a Loan Document for all purposes. 

 

	10.	Binding Effect. The terms and provisions hereof shall be binding upon the parties hereto and their successors and assigns and shall inure to the benefit of each
Agent and each Revolving Credit Lender and their respective successors and assigns. 

  

	11.	Multiple Counterparts. This Amendment may be executed in multiple counterparts, each of which shall constitute an original and which together shall constitute
but one and the same instrument. The delivery of an executed counterpart of a signature page of this Amendment by telecopier or other electronic transmission shall be as effective as delivery of a manually executed counterpart.

  
 -18-

	12.	Severability. Any determination that any provision of this Amendment or any application thereof is invalid, illegal, or unenforceable in any respect in any
instance shall not affect the validity, legality, or enforceability of such provision in any other instance, or the validity, legality, or enforceability of any other provision of this Amendment. 

 

	13.	Headings. The headings at various places in this Amendment are intended for convenience only and shall not affect the interpretation of this Amendment.

  

	14.	Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE COMMONWEALTH OF MASSACHUSETTS WITHOUT REGARD TO CONFLICT OF
LAWS PRINCIPLES THEREOF. 

 [Signature Pages Follow] 

  
 -19-

 IN WITNESS WHEREOF, this Amendment has been duly executed and delivered by each of the
parties hereto as of the date first above written and is intended to take effect as a sealed instrument. 
  

			
	BORROWERS:
	
	DESTINATION XL GROUP, INC. (f/k/a
Casual Male Retail Group, Inc.), as a Borrower
		
	By	 	/S/ DAVID A. LEVIN
	Name:	 	David A. Levin
	Title:	 	President and CEO

  

			
	CMRG APPAREL, LLC, as a Borrower
		
	By	 	/S/ DENNIS R. HERNREICH
	Name:	 	Dennis R. Hernreich
	Title:	 	EVP, COO, CFO, Treasurer and Secretary

  

			
	BORROWERS’ REPRESENTATIVE:
	
	DESTINATION XL GROUP, INC. (f/k/a
Casual Male Retail Group, Inc.), as Borrowers’ Representative
		
	By	 	/S/ DENNIS R. HERNREICH
	Name:	 	Dennis R. Hernreich
	Title:	 	EVP, COO, CFO, Treasurer and Secretary

  
 [Signature
Page to First Amendment] 

 
			
	GUARANTORS:
	
	CASUAL MALE CANADA INC.
		
	By:	 	/S/ DENNIS R. HERNREICH
	Name:	 	Dennis R. Hernreich
	Title:	 	EVP, COO, CFO, Treasurer and Secretary

  

			
	CAPTURE, LLC
	
	By: Casual Male Store, LLC, its sole Member
		
	By:	 	/S/ DENNIS R. HERNREICH
	Name:	 	Dennis R. Hernreich
	Title:	 	EVP, COO, CFO, Treasurer and Secretary

  

			
	CASUAL MALE STORE, LLC
		
	By:	 	/S/ DENNIS R. HERNREICH
	Name:	 	Dennis R. Hernreich
	Title:	 	EVP, COO, CFO, Treasurer and Secretary

  

			
	CASUAL MALE RETAIL STORE, LLC
		
	By:	 	/S/ DENNIS R. HERNREICH
	Name:	 	Dennis R. Hernreich
	Title:	 	EVP, COO, CFO, Treasurer and Secretary

  

			
	CASUAL MALE DIRECT, LLC
		
	By:	 	/S/ DENNIS R. HERNREICH
	Name:	 	Dennis R. Hernreich
	Title:	 	EVP, COO, CFO, Treasurer and Secretary

  
 [Signature
Page to First Amendment] 

 
			
	CASUAL MALE RBT, LLC
		
	By:	 	/S/ DENNIS R. HERNREICH
	Name:	 	Dennis R. Hernreich
	Title:	 	EVP, COO, CFO, Treasurer and Secretary

  

			
	CASUAL MALE RBT (U.K.) LLC
		
	By:	 	/S/ DENNIS R. HERNREICH
	Name:	 	Dennis R. Hernreich
	Title:	 	EVP, COO, CFO, Treasurer and Secretary

  

			
	CANTON PL LIQUIDATING CORP.
		
	By:	 	/S/ DENNIS R. HERNREICH
	Name:	 	Dennis R. Hernreich
	Title:	 	EVP, COO, CFO, Treasurer and Secretary

  

			
	THINK BIG PRODUCTS LLC
		
	By:	 	/S/ DENNIS R. HERNREICH
	Name:	 	Dennis R. Hernreich
	Title:	 	EVP, COO, CFO, Treasurer and Secretary

  

			
	CMXL APPAREL, LP
		
	By:	 	/S/ DENNIS R. HERNREICH
	Name:	 	Dennis R. Hernreich
	Title:	 	EVP, COO, CFO, Treasurer and Secretary

  

			
	CMRG HOLDCO, LLC
		
	By:	 	/S/ DENNIS R. HERNREICH
	Name:	 	Dennis R. Hernreich
	Title:	 	EVP, COO, CFO, Treasurer and Secretary

  
 [Signature
Page to First Amendment] 

  

			
	CMRG APPAREL MANAGEMENT, INC.
		
	By:	 	/S/ DENNIS R. HERNREICH
	Name:	 	Dennis R. Hernreich
	Title:	 	EVP, COO, CFO, Treasurer and Secretary

  

			
	CASUAL MALE (EUROPE) LLC
		
	By:	 	/S/ DENNIS R. HERNREICH
	Name:	 	Dennis R. Hernreich
	Title:	 	EVP, COO, CFO, Treasurer and Secretary

  
 [Signature
Page to First Amendment] 

 
			
	AGENTS:
	
	BANK OF AMERICA, N.A., as Administrative Agent, as Collateral Agent, and as a Revolving Credit Lender
		
	By:	 	/S/ DAVID VEGA
	Name:	 	David Vega
	Title:	 	Managing Director

  
 [Signature
Page to First Amendment] 

 
			
	REVOLVING CREDIT LENDERS:
	
	JPMORGAN CHASE BANK, N.A., as a Revolving Credit Lender 
		
	By:	 	/S/ NISHA GUPTA
	Name:	 	Nisha Gupta
	Title:	 	Authorized Officer

  
 [Signature
Page to First Amendment] 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Revolving Credit Lender
		
	By:	 	/S/ CONNIE LIU
	Name:	 	Connie Liu
	Title:	 	Director

  
 [Signature
Page to First Amendment] 

 ANNEX A 
 Exhibit 2.23 
 Revolving Credit Lenders’ Commitments 

 

									
	 Revolving Credit Lender
	  	Revolving Credit
Dollar Commitment	 	  	Revolving Credit
Percentage
Commitment	 
	 Bank of America, N.A.
	  	$	50,000,000	  	  	 	50.000000000	% 
	 JPMorgan Chase Bank, N.A.
	  	$	25,000,000	  	  	 	25.000000000	% 
	 Wells Fargo Bank, National Association
	  	$	25,000,000	  	  	 	25.000000000	% 
	 Total
	  	$	100,000,000	  	  	 	100	% 

 Annex A

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