Document:

EX-10.1

 Exhibit 10.1 
 EXECUTION COPY 
 FIRST AMENDMENT TO 

BOND PURCHASE AGREEMENT 
 This First Amendment (this “Amendment”) to the BPA (defined below) is made as of June 10, 2013 by and between: Starburst II, Inc. (the “Purchaser”), a Delaware
corporation and Sprint Nextel Corporation, a Kansas corporation (the “Company” and, together with the Purchaser, the “Parties”). 
 RECITALS 
 WHEREAS, the Parties entered into that certain Bond Purchase
Agreement as of October 15, 2012 (the “BPA”); and 
 WHEREAS, the Parties desire to amend the BPA in order
to reflect certain additional understandings reached between the Parties. 
 NOW, THEREFORE, in consideration of the foregoing
and for other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and pursuant to Section 14.3 of the BPA, the Parties hereby agree as follows: 
 1. INTERPRETATION 
 This Amendment is made and delivered pursuant to the BPA. Capitalized
terms used but not defined in this Amendment have the meanings ascribed to them in the BPA. 
 2. AMENDMENTS TO THE BPA 

2.1 Recitals. The first sentence of the Recitals of the BPA is hereby amended and restated, in its entirety, to read as follows:

 “The Company desires to issue and sell and the Purchaser desires to purchase a convertible senior bond in
substantially the form attached to this Agreement as Exhibit A as it may be amended, supplemented or modified pursuant to the terms of this Agreement from time to time (the “Bond”), which will be convertible on the terms
stated herein into equity securities of the Company.” 
 2.2 Standstill and Non-Solicitation.
Section 6.3(a) of the BPA is hereby amended and restated, in its entirety, to read as follows: 

“Except with respect to the consummation of the Merger, until the earliest of (i) the date that this Agreement
is terminated, (ii) the date the Purchaser no longer holds in excess of 5% of the Common Stock (or Bonds convertible into more than 5% of the Common Stock), and (iii) a Fall Away Event, the Purchaser, for itself and the Parent Entities and
their respective Affiliates, covenants and agrees with the Company that it will not in any manner, directly or indirectly (unless requested by the Company) effect or seek (including entering into any discussions, negotiations, agreements or
understandings with any third person whether publicly or otherwise) to effect, or encourage any individual, corporation, partnership, limited liability company, association, trust or any other entity or organization, including a government or
political subdivision or any agency or instrumentality thereof (any of the foregoing, with respect to this Section 6.3(a) only, a “Person”) to participate in, 

 
effect or seek (whether publicly or otherwise) to effect: (i) any acquisition of beneficial ownership by any Person of any securities, rights or options to acquire any securities, or any
assets or businesses, of the Company or any of its Subsidiaries; provided that the Parent Entities may acquire beneficial ownership of Common Stock if upon such acquisition the aggregate beneficial ownership of Common Stock by the Parent Entities
would not at any time be in excess of 19.95% of the number of shares of Common Stock that is then outstanding; (ii) any tender offer, exchange offer, merger, acquisition or other business combination involving the Company or any of its
Subsidiaries, or any similar extraordinary transaction involving the purchase of all or substantially all the of assets of the Company; or (iii) any recapitalization, restructuring, liquidation or dissolution with respect to the Company or any
of its Subsidiaries or any similar extraordinary transaction involving a dividend or distribution of assets of the Company. Notwithstanding anything in this Agreement to the contrary, (A) from and after such time that the Purchaser first
receives a Change Notice, or otherwise learns that the Company Board is considering effecting a Change in Company Board Recommendation, this Section 6.3(a) shall have no force or effect and shall not in any way restrict or otherwise
apply to the Purchaser, the Parent Entities or their Affiliates, provided that, notwithstanding the foregoing, prior to any Fall Away Event, none of the Parent Entities nor any of their Affiliates shall be permitted to acquire or agree to acquire,
directly or indirectly, alone or as a part of a “group” (as such term is used in Section 13(d) of the Exchange Act), any outstanding Common Stock or rights or options to acquire outstanding Common Stock or any derivative interests in
outstanding Common Stock, in each case, in an amount that, when taken together with the Common Stock into which the Purchaser’s Bond is convertible, exceeds 19.95% of the number of shares of Common Stock that is then outstanding; and
(B) notwithstanding clause (A) above, all of the restrictions contained in this Section 6.3(a) will lapse with respect to the Purchaser, the Parent Entities or their Affiliates, at such time as any person or “group”
(as defined in Section 13(d) of the Securities Exchange Act of 1934) not affiliated with the Purchaser, the Parent Entities or their Affiliates, has commenced a bona fide tender offer to acquire at least 50.1% of the Company’s outstanding
voting securities. However, from and after any termination of the Merger Agreement pursuant to Section 8.1(g) of the Merger Agreement, this Section 6.3(a) shall again apply to the Purchaser, the Parent Entities and their Affiliates
pursuant to the terms hereof, but only until the earliest of (i) the date that this Agreement is terminated, and (ii) the date that the Purchaser no longer holds in excess of 5% of the Common Stock (or Bonds convertible into more than 5%
of the Common Stock). Notwithstanding anything in this Agreement to the contrary, upon any Fall Away Event and without any further action on the part of the Purchaser, the Parent Entities, the Company or any other party, all of the restrictions and
limitations applicable to the Purchaser, the Parent Entities or their Affiliates set forth in this Section 6.3(a) will automatically lapse, and will have no force or effect and will not in any way limit, restrict or otherwise apply to
the Purchaser, the Parent Entities or their Affiliates.” 
 2.3 Right to Convert. A new clause (g) is added to
Section 10.1 of the BPA which shall read as follows: 
 “(g) Notwithstanding anything
herein to the contrary, if, within three (3) Business Day after any Qualifying Termination Event, the Purchaser has 

  
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delivered to the Company a notice (the “Make Whole Put Notice”) electing, in whole but not in part, to receive the Make Whole Put Amount, then (i) the Purchaser’s right
to convert the Bond pursuant to this Section 10.1 will be suspended, and (ii) the Company will pay (or cause to be paid by any successor thereto or any direct or indirect parent of such successor) to the Purchaser the Make Whole Put
Amount at the Make Whole Payment Time by wire transfer of immediately available funds to the account designated by the Purchaser in a written notice delivered to Company prior to the Make Whole Payment Time; provided, however, that in the
event that (x) the Qualifying Agreement is terminated or (y) the transaction contemplated by such Qualifying Agreement is otherwise not consummated for any reason by June 10, 2014 (and in the case of this clause (y) the Purchaser
has delivered a written notice after June 10, 2014 to the Company revoking such Make Whole Put Notice), then (1) the Make Whole Put Notice will be deemed automatically withdrawn as of the date of such termination or receipt of such written
notice from the Purchaser, as applicable, and (2) the suspension of Purchaser’s right to convert the Bond described above will be terminated and Purchaser shall again have its full rights under this Agreement to convert the Bond pursuant
to this Section 10.1 as if the Make Whole Put Notice had never been delivered by the Purchaser. Except as provided in clause 10.1(g)(i) above, the delivery of the Make Whole Put Notice will have no effect whatsoever on the
rights or powers of the Purchaser under this Agreement, it being understood that, the obligations of the parties under the Agreement will terminate upon payment of the Make Whole Put Amount, in full, in accordance with, and subject to the provisions
of, Section 13.1. Notwithstanding anything herein to the contrary, in no event will the Make Whole Put Amount be paid to the Purchaser prior to the Make Whole Payment Time without the Purchaser’s prior written consent.”

 2.4 Transfer Restrictions. The second sentence of Section 11 is hereby amended and restated, in its
entirety, to read as follows: 
 “Any shares of Common Stock issued upon conversion, including in connection
with a Synthetic Sale, in whole or in part, of the Bond, may be transferred as provided herein and pursuant to applicable law; provided, however, that other than sales of shares of Common Stock pursuant to Section 9 or
pursuant to, or in connection with, a Synthetic Sale, no such transfer of shares of Common Stock issued upon conversion of the Bond may be effected (and any such transfer will be invalid) to the extent that the transferee would, immediately
following such transfer, be the direct or indirect “beneficial owner,” as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended, of more than 5% of the voting power of the Company’s outstanding equity.”

 2.5 Termination. Section 13. 1 of the BPA is hereby amended by (1) deleting the word “or”
at the end of clause (c) thereof, (2) replacing the period at the end of clause (d) thereof with “; or” and adding the following clause (e) immediately following clause (d) thereof: 

“(e) automatically, without any further action by the Purchaser or the Company, upon payment of the Make Whole Put Amount, in full,
as contemplated by Section 10.1(g) hereof; provided, however, that this Agreement will automatically be reinstated if the Purchaser is required to disgorge the Make Whole Put Amount in connection with any bankruptcy or insolvency
proceeding involving the Company (or any successor thereto).” 

  
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 2.6 Assignability; Third-Party Beneficiaries. The first sentence of
Section 14.8 of the BPA is hereby amended and restated, in its entirety, to read as follows: 

“This Agreement will be binding upon, will be enforceable by and inure solely to the benefit of, the parties hereto
and their respective successors and assigns; provided, however, that the Company may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each holder of the Bond (and any
attempted assignment or transfer by the Company without such consent will be null and void and of no effect); provided, further, that notwithstanding the foregoing to the contrary, in the event of the consummation of a transaction resulting
in a Change of Control (other than pursuant to the Merger Agreement), Sections 6.1, 6.2, 6.4, 10.1, 10.2, 10.6, 12.1, 14.2, 14.10 and Articles 7, 8 and 9 of this
Agreement shall apply mutatis mutandis to the Person (including any parent entity of such Person) that is the counterparty in such Change of Control transaction, and any references to the “Company” in such provisions shall be
understood to mean, and shall be interpreted to include, such Person (including any parent entity of such Person).” 

2.7 Annex A. 
 (a) The following defined terms are hereby added to Annex A in alphabetical order: 
 “Daily VWAP” of the Common Stock means, for any VWAP Trading Day, the per-share volume-weighted average price as displayed under the heading “Bloomberg VWAP” on Bloomberg page
S.N <equity> AQR (or any equivalent successor page) in respect of the period from the scheduled open of trading on the principal trading market for the Common Stock to the scheduled close of trading on such market, or if such volume-weighted
average price is unavailable, the market value of one share of Common Stock using a volume-weighted method as determined by a nationally recognized independent investment banking firm retained by the Company for this purpose. Daily VWAP will be
determined without regard to afterhours trading or any other trading outside of the regular trading session trading hours. 
 “Fall Away Event” means any termination of the Merger Agreement (other than a termination of the Merger Agreement by the Company pursuant to Section 8.1(g) of the Merger Agreement).

 “Make Whole Payment Time” means the time (i) in the case of termination of the Merger
Agreement pursuant to Section 8.1(j) of the Merger Agreement, on the date upon which the transaction contemplated by the applicable Qualifying Agreement is consummated, immediately prior to the consummation of such transaction, and (ii) in
the case of a termination of the Merger Agreement pursuant to Section 8.1(b) or Section 8.1(d) of the Merger Agreement that constitutes a Qualifying Termination Event, on the date upon which the transaction contemplated by the applicable
Qualifying Agreement is consummated, immediately prior to the consummation of such transaction.” 

“Make Whole Put Notice” has the meaning set forth in Section 10.1(g) of the Agreement.

  
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 “Make Whole Put Amount” means the sum of (a) the
principal amount of the Bond, plus (b) all accrued and unpaid interest on the Bond through the Make Whole Payment Time, plus (c) the Net Share Value. 
 “Market Disruption Event” means (a) a failure by the primary national securities exchange or market in which the Common Stock is listed or admitted to trading to open during its
regular trading session or (b) the occurrence or existence prior to 1:00 p.m. on any Trading Day for the Common Stock for an aggregate one half hour period of any suspension or limitation imposed on trading (by reason of movements in price
exceeding limits permitted by the stock exchange or otherwise) in the Common Stock or in any options, contracts or future contracts relating to the Common Stock. 

“Net Share Value” equals the amount obtained by multiplying (a) the number of shares of Common Stock
that would have been issuable pursuant to Section 10.2 of the Agreement if the Bond had been converted on the date of the Make Whole Put Notice, by (b) the amount that results from subtracting (x) the quotient obtained by dividing
(i) $1,000 by (ii) the Conversion Rate from (y) the average of the Daily VWAPs of the Common Stock over the thirty (30) consecutive VWAP Trading Day period ending on the day that the Merger Agreement is terminated pursuant to
Section 8.1(b), Section 8.1(d) or Section 8.1(j), as applicable, of the Merger Agreement. 

“Qualifying Agreement” means (i) as it relates to any termination of the Merger Agreement pursuant
to Section 8.1(j) of the Merger Agreement, the definitive acquisition agreement entered into by the Company with a third party in connection with such termination, and (ii) in the case of a termination of the Merger Agreement pursuant to
Section 8.1(b) or Section 8.1(d) of the Merger Agreement that constitutes a Qualifying Termination Event, any definitive acquisition agreement entered into by the Company prior to June 10, 2014 relating to a Change of Control of the
Company. 
 “Qualifying Termination Event” means any termination of the Merger Agreement
pursuant to (i) Section 8.1(j) of the Merger Agreement, or (ii) Sections 8.1(b) or 8.1(d) of the Merger Agreement, where (x) in each case for purposes of this clause (ii) at or prior to the time of such termination a
proposal or offer for a Specified Acquisition Transaction (as such term in defined in the Merger Agreement) shall have been publicly disclosed, announced, commenced, submitted or made and (y) in the case of termination of the Merger Agreement
pursuant to Section 8.1(b), the conditions set forth in Section 6.7 and Section 7.6 of the Merger Agreement shall have been satisfied but a final vote by the holders of the Company’s common stock on the adoption of the Merger
Agreement shall not have taken place. 
 “VWAP Trading Day” means a day during which
(i) trading in the Common Stock generally occurs on the principal U.S. national or regional securities exchange or market on which the Common Stock is listed or admitted for trading and (ii) there is no Market Disruption Event. If the
Common Stock is not so listed or traded, then “VWAP Trading Day” means a Business Day. 

  
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 (a) The following definitions set forth in Annex A are hereby amended and restated in their
entirety as follows: 
 “Common Stock” means (i) the Series 1 common stock, $2.00 par value
per share, of the Company, or (ii) in the event of the consummation of a transaction resulting in a Change of Control (other than pursuant to the Merger Agreement), other than for purposes of determining amounts payable upon conversion (which
shall be determined pursuant to Sections 10.1 through Section 10.5 (as the same shall be modified pursuant to the agreement contemplated by Section 10.5)), such portion of the Reference Property as shall consist of
shares of capital stock. For the avoidance of doubt, in connection with the consummation of the first transaction resulting in a Change of Control (other than pursuant to the Merger Agreement), “Common Stock” as used in Sections
10.4 and 10.5 shall mean the Series 1 common stock, $2.00 par value per share, of the Company. 

“Conversion Date” means the date a holder of the Bond complies with the procedures for conversion set
forth in Section 10.3 of the Agreement. 
 “Merger Agreement” means the Agreement
and Plan of Merger, dated as of October 15, 2012, by and among SoftBank, Holdco, the Purchaser, Merger Sub, and the Company, as it may be amended from time to time.” 
 2.8 Allonge. Concurrent with the execution of this Amendment, the Parties shall enter into the Form of Allonge to the Sprint Nextel Corporation Convertible Bond set forth on Exhibit A
attached to this Amendment (the “Allonge”). 
 3. REPRESENTATIONS AND WARRANTIES 

3.1 Additional Representations of the Company. The Company hereby represents and warrants to the Purchaser as follows: 

(a) The transactions hereunder are within the corporate or other equivalent power of the Company and have been duly authorized by all
necessary corporate action. 
 (b) This Amendment has been duly executed and delivered by the Company and constitutes a legal,
valid and binding obligation of the Company, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general
principles of equity, regardless of whether considered in a proceeding in equity or at law. 
 3.2 Additional Representations
of the Purchaser. The Purchaser hereby represents and warrants to the Company as follows: 
 (a) The transactions hereunder
are within the corporate or other equivalent power of the Purchaser and have been duly authorized by all necessary corporate action. 
 (b) This Amendment, when executed and delivered by the Purchaser, will constitute a valid and legally binding obligation of the Purchaser, enforceable in accordance with its terms, except as limited by
applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, and any other laws of general application affecting enforcement of creditors’ rights generally, and as limited by laws relating to the availability of a
specific performance, injunctive relief, or other equitable remedies. 

  
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 4. GENERAL 
 4.1 Full Force and Effect. Except to the extent specifically amended herein or supplemented hereby, the BPA remains unchanged and in full force and effect, and this Amendment will be governed by
and subject to the terms of the BPA, as amended by this Amendment. From and after the date of this Amendment, each reference in the BPA to “this Agreement,” “hereof,” “hereunder” or words of like import, and all
references to the BPA in any and all agreements, instruments, documents, notes, certificates and other writings of every kind of nature (other than in this Amendment or as otherwise expressly provided) will be deemed to mean the BPA, as amended by
this Amendment, whether or not this Amendment is expressly referenced. 
 4.2 Other Terms. Sections 14.4,
14.5, 14.9 and 14.11 of the BPA will apply to this Amendment, mutatis mutandis, as if set forth herein. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
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 IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be duly executed as of
the date first written above. 
  

			
	STARBURST II, INC.
		
	By:	 	/s/ Ronald D. Fisher
	Name:	 	Ronald D. Fisher
	Title:	 	President
	
	SPRINT NEXTEL CORPORATION
		
	By:	 	/s/ Charles Wunsch
	Name:	 	Charles Wunsch
	Title:	 	SVP, GC & Corp. Sec.

 [Signature Page to the First Amendment to the Bond Purchase Agreement] 

 FORM OF ALLONGE 

By this Allonge to the Sprint Nextel Corporation Convertible Bond (the “Allonge”), that certain Sprint Nextel
Corporation Convertible Bond, dated as of October 22, 2012 (the “Bond”), payable to the order of Starburst II, Inc., a Delaware Corporation, is hereby amended as follows: 

1. The third paragraph of the Bond (fourth paragraph inclusive of the legend) is hereby amended and restated in its entirety as follows:

 “Subject to the terms of the Bond Purchase Agreement, in the event of a Change of Control, the holder of
this Bond shall have the right, at the holder’s option, to require the Company to repurchase such holder’s Bond, including any portion thereof which is $1,000 in principal amount or any integral multiple of $1,000, at a price equal to the
sum of (a) the principal amount of the Bond (or such portion thereof), plus (b) all accrued and unpaid interest through the date that such repurchase is consummated. Notwithstanding the foregoing, in the event of a Qualifying Termination
Event, including if such Qualifying Termination Event may also result in a Change of Control, the holder of this Bond shall have the right, at the holder’s option by delivery of a Make Whole Put Notice, to require the Company to pay the Make
Whole Put Amount at the Make Whole Payment Time pursuant to the terms of the Bond Purchase Agreement.” 
 Except, as herein
expressly amended, the Bond is ratified and confirmed in all respects and shall remain in full force and effect in accordance with its terms. 
 This Allonge will 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 principles of conflicts of laws
thereof. 
 [Remainder of page intentionally left blank; signature page follows]

 

  
 [Exhibit A to
the First Amendment to the Bond Purchase Agreement] 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed and
delivered. 
  

							
	Dated: June 10, 2013	 		 	SPRINT NEXTEL CORPORATION
				
		 		 	By:	 	/s/ Joseph J. Euteneuer
		 		 	Name:	 	Joseph J. Euteneuer
		 		 	Title:	 	CFO
				
		 		 	By:	 	/s/ Charles Wunsch
		 		 	Name:	 	Charles Wunsch
		 		 	Title:	 	SVP, GC & Corp. Sec.

 [Signature Page to Allonge]EX-10.63

 Exhibit 10.63 
 PERRY ELLIS INTERNATIONAL, INC. 
 PERFORMANCE UNIT AGREEMENT

 1. Award of Performance Units. The Committee hereby grants, as of [—], 20[—] (the “Date of Grant”), to [recipient’s name] (“Recipient”), [number] performance units, each unit having a value of one dollar ($1.00) (the
“Performance Units”). The Performance Units are being issued pursuant to the Company’s Second Amended and Restated 2005 Long-Term Incentive Compensation Plan, (the “Plan”), as amended and restated, which is incorporated
herein for all purposes. The Performance Units shall be subject to the terms, provisions and restrictions set forth in this Agreement and in the Plan. As a condition to entering into this Agreement, and as a condition to the issuance of any
Performance Units, the Recipient agrees to be bound by all of the terms and conditions herein and in the Plan. Unless otherwise provided herein, terms used herein that are defined in the Plan and not defined herein shall have the meanings
attributable thereto in the Plan. 
 2. Vesting of Performance Units. 

(a) Time-Vesting of Performance Units. All of the Performance Units shall be subject to time-vesting. Except as otherwise provided
in this Section 2, the Performance Units shall become vested in the following amounts, at the following times and upon the following conditions, provided that the Continuous Service of the Recipient continues through and on the applicable
Time-Vesting Date: 
  

					
	 Number of Performance Units
	  	Time-Vesting Date	 
	 [—]
	  	 	[Date(s)]	  

 Other than in accordance with this Section 2, there shall be no proportionate or partial vesting of
Performance Units in or during the months, days or periods prior to the Time-Vesting Date and all vesting of Performance Units shall occur only on the Time-Vesting Date. 
 (b) Performance-Vesting of Performance Units. In addition to the time-vesting provision contained in Section 2(a) above, all of the Performance Units shall be subject to performance-vesting,
based on the performance goal established by the Compensation Committee on [—] and the achievement of which is substantially uncertain as of the Date of Grant. Other than in accordance with this
Section 2, the Performance Units shall vest on the Time-Vesting Date if and only if [performance vesting criteria] shall be as approved by the Compensation Committee. [For the avoidance of doubt, if the Performance Goal is not
achieved prior to [time vesting date], and all of the Performance Units have not already fully vested in accordance with Sections 2(c), 2(d), or 2(e) below, then all of the Performance Units subject to this Agreement shall be immediately forfeited
as of [time vesting date] and shall revert back to the Company without any payment to the Recipient.] 

  
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 The number of Performance Units that will vest based on the [performance vesting
criteria] is as follows: 
  

					
	 [Performance vesting criteria] Goal
	  	Number of Performance Units that Vest	 
		  	 	[—] Units	  

 (c) Delivery of Performance Units Upon Vesting. Upon vesting of Performance Units, the Company
will make a payment to the Recipient in cash equal to (i) the number of Performance Units that have become vested times (ii) one dollar ($1.00) (a “Performance Units Cash Payment”), less applicable taxes withheld as set forth in
Section 4 below. 
 (d) Change in Control. In the event that a Change in Control of the Company occurs during the
Recipient’s Continuous Service [following both (i) a Change in Control and (ii) termination of the Recipient’s employment without Cause or for Good Reason within a period of
[—] months following the Change in Control], (a “CIC Termination”), the Performance Units subject to this Agreement shall become immediately and fully vested, and shall be
delivered, subject to any requirements under this Agreement, to the Recipient on the date of the CIC Termination. For the avoidance of doubt, if both a Change in Control of the Company and a CIC Termination occur during the Recipient’s
Continuous Service prior to [—], then the Performance Goal requirement is immediately and irrevocably waived. 
 (e) Committee Discretion to Accelerate Vesting. Notwithstanding any other term or provision of this Agreement, the Board or the Committee shall be authorized, in its sole discretion, based upon its
review and evaluation of the performance of the Recipient and of the Company, to accelerate the vesting of any Performance Units under this Agreement, at such times and upon such terms and conditions as the Board or the Committee shall deem
advisable, provided that such action does not result in the loss of a tax deduction of the compensation attributable to the vesting of the Performance Units under Section 162(m) of the Internal Revenue Code of 1986, as amended (the
“Code”). 
 (f) Termination of Recipient’s Employment due to Death or Disability. In the event that the
Recipient’s Continuous Service terminates prior to the Time-Vesting Date in connection with (i) the Recipient’s death or (ii) the Recipient’s Disability, [then a pro rata] [then all] [then none] number of Performance
Units subject to this Agreement shall immediately and fully vest as of the date of such death or termination of employment, as the case may be, and a Performance Units Cash Payment as determined in accordance with Section 2(c) above shall be
paid to (x) the Recipient or (y) the beneficiary or beneficiaries designated by the Recipient, or if the Recipient has not so designated any beneficiary(ies), or no designated beneficiary survives the Recipient, such Performance Units Cash
Payment shall be paid to the personal representative of the Recipient’s estate, as the case may be. Such payment shall be made to the Recipient or the Recipient’s Beneficiary or Beneficiaries or estate within
             (    ) days of the date of the Recipient’s death or termination of employment, as the case may be. [The pro rata number of Performance Units that
shall time-vest under this Section 2(f) shall be equal to (x) XXXX multiplied by (y) a fraction, the numerator of which shall be equal to the number of full and partial months following the Date of Grant during which the Recipient was
employed by the 

  
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Company and the denominator of which shall be [—].] [For the avoidance of doubt, if the Recipient’s Continuous
Service terminates in connection with the Recipient’s death or Disability, then the Performance Goal requirement is immediately and irrevocably waived.] 
 (g) Termination of Recipient’s Employment [due to] [or Other Than] a Termination [for Cause or] without [Good Reason] [or Cause, or due to Death or Disability]. In the event that the
Recipient’s Continuous Service terminates prior to the Time-Vesting Date [other than a termination of the Recipient’s employment by the Company without Cause or due to the Recipient’s death or Disability] [or (i) by the
Company for Cause (as such term is defined in the Recipient’s Employment Agreement) or (ii) by the Recipient without Good Reason (as such term is defined in the Recipient’s Employment Agreement)], then all of the Performance Units
subject to this Agreement shall be immediately forfeited upon such termination of Continuous Service without any payment to the Recipient. The Committee shall have the power and authority to enforce on behalf of the Company any rights of the Company
under this Agreement in the event of the Recipient’s forfeiture of Performance Units pursuant to this Section 2(g). 

(h) Termination of Recipient’s Employment without Cause [for Good Reason prior to [vesting date]]. In the event that
the Recipient’s Continuous Service terminates due to a termination of the Recipient’s employment by the Company without Cause, then [a pro rata number] [or all] of Performance Units subject to this Agreement shall immediately
time-vest as of the date of such termination of employment, but shall only fully vest based upon the achievement of the Performance Goal prior to [—], and a Performance Units Cash Payment as
determined in accordance with Section 2(c) above shall be paid to the Recipient within 10 days following the date the Performance Goal has been achieved. [The pro rata number of Performance Units that shall time-vest under this
Section 2(h) shall be equal to (x) XXXX multiplied by (y) a fraction, the numerator of which shall be equal to the number of full and partial months following the Date of Grant during which the Recipient was employed by the Company
and the denominator of which shall be [—].] For the avoidance of doubt, if the Performance Goal is not achieved prior to [—] then
all of the Performance Units subject to this Agreement shall be immediately forfeited as of [—] without any payment to the Recipient. 
 3. Transferability. Unless otherwise determined by the Committee, the Performance Units are not transferable unless and until they become fully vested in accordance with this Agreement, otherwise
than by will or under the applicable laws of descent and distribution. The terms of this Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Recipient. Except as otherwise permitted pursuant to the
first sentence of this Section, any attempt to effect a Transfer of any Performance Units prior to the date on which they become fully vested shall be void ab initio. For purposes of this Agreement, “Transfer” shall mean any sale,
transfer, encumbrance, gift, donation, assignment, pledge, hypothecation, or other disposition, whether similar or dissimilar to those previously enumerated, whether voluntary or involuntary, and including, but not limited to, any disposition by
operation of law, by court order, by judicial process, or by foreclosure, levy or attachment. 
 4. Tax Matters. The Company shall
withhold from any Performance Units Cash Payment any federal, state or local income taxes required to be withheld with respect to such payment. Other than withholding required with regard to any Performance Units Cash Payment, tax

  
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consequences to the Recipient (including without limitation federal, state, local and foreign income tax consequences) with respect to the Performance Units (including without limitation the
grant, vesting and/or forfeiture thereof) are the sole responsibility of the Recipient. The Recipient shall consult with her own personal accountant(s) and/or tax advisor(s) regarding these matters and the Recipient’s filing, withholding and
payment (or tax liability) obligations. 
 5. Amendment, Modification & Assignment; Non-Transferability. This Agreement may only
be modified or amended in a writing signed by the parties hereto. No promises, assurances, commitments, agreements, undertakings or representations, whether oral, written, electronic or otherwise, and whether express or implied, with respect to the
subject matter hereof, have been made by either party which are not set forth expressly in this Agreement. Unless otherwise consented to in writing by the Company, in its sole discretion, this Agreement (and Recipient’s rights hereunder) may
not be assigned, and the obligations of Recipient hereunder may not be delegated, in whole or in part. The rights and obligations created hereunder shall be binding on the Recipient and her heirs and legal representatives and on the successors and
assigns of the Company. 
 6. Complete Agreement. This Agreement (together with those agreements and documents expressly referred to
herein, for the purposes referred to herein) embody the complete and entire agreement and understanding between the parties with respect to the subject matter hereof, and supersede any and all prior promises, assurances, commitments, agreements,
undertakings or representations, whether oral, written, electronic or otherwise, and whether express or implied, which may relate to the subject matter hereof in any way. 
 7. Miscellaneous. 
 (a) No Right to (Continued) Employment or
Service. This Agreement and the grant of Performance Units hereunder shall not confer, or be construed to confer, upon the Recipient any right to employment or service, or continued employment or service, with the Company or any Related Entity.

 (b) No Limit on Other Compensation Arrangements. Nothing contained in this Agreement shall preclude the Company or any
Related Entity from adopting or continuing in effect other or additional compensation plans, agreements or arrangements, and any such plans, agreements and arrangements may be either generally applicable or applicable only in specific cases or to
specific persons. 
 (c) Severability. If any term or provision of this Agreement is or becomes or is deemed to be
invalid, illegal or unenforceable in any jurisdiction or under any applicable law, rule or regulation, then such provision shall be construed or deemed amended to conform to applicable law (or if such provision cannot be so construed or deemed
amended without materially altering the purpose or intent of this Agreement and the grant of Performance Units hereunder, such provision shall be stricken as to such jurisdiction and the remainder of this Agreement and the award hereunder shall
remain in full force and effect). 

  
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 (d) No Trust or Fund Created. Neither this Agreement nor the grant of Performance
Units hereunder shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Related Entity and the Recipient or any other person. To the extent that the Recipient or any other
person acquires a right to receive payments from the Company or any Related Entity pursuant to this Agreement, such right shall be no greater than the right of any unsecured general creditor of the Company. 

(e) Law Governing. This Agreement shall be governed by and construed and enforced in accordance with the internal laws of the
State of Florida (without reference to the conflict of laws rules or principles thereof). 
 (f) Interpretation. The
Recipient accepts the Performance Units subject to all of the terms, provisions and restrictions of this Agreement and the Plan. The undersigned Recipient hereby accepts as binding, conclusive and final all decisions or interpretations of the Board
or the Committee upon any questions arising under this Agreement. 
 (g) Headings. Section, paragraph and other headings
and captions are provided solely as a convenience to facilitate reference. Such headings and captions shall not be deemed in any way material or relevant to the construction, meaning or interpretation of this Agreement or any term or provision
hereof. 
 (h) Notices. Any notice under this Agreement shall be in writing and shall be deemed to have been duly given
when delivered personally or when deposited in the United States mail, registered, postage prepaid, and addressed, in the case of the Company, to the Company’s General Counsel at Perry Ellis International, Inc., 3000 N.W. 107 Avenue, Miami, FL
33172, or if the Company should move its principal office, to such principal office, and, in the case of the Recipient, to the Recipient’s last permanent address as shown on the Company’s records, subject to the right of either party to
designate some other address at any time hereafter in a notice satisfying the requirements of this Section. 
 (i) Non-Waiver
of Breach. The waiver by any party hereto of the other party’s prompt and complete performance, or breach or violation, of any term or provision of this Agreement shall be effected solely in a writing signed by such party, and shall not
operate nor be construed as a waiver of any subsequent breach or violation, and the waiver by any party hereto to exercise any right or remedy which she or it may possess shall not operate nor be construed as the waiver of such right or remedy by
such party, or as a bar to the exercise of such right or remedy by such party, upon the occurrence of any subsequent breach or violation. 
 (j) Counterparts. This Agreement may be executed in two or more separate counterparts, each of which shall be an original, and all of which together shall constitute one and the same agreement.

 8. Internal Revenue Code Section 409A. The Performance Units granted hereunder are intended to be exempt from
Section 409A of the Code and the Treasury regulations and other official guidance promulgated thereunder. 

  
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 REMAINDER OF PAGE INTENTIONALLY LEFT BLANK 

  
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 IN WITNESS WHEREOF, the parties hereto, intending to be legally bound, have executed this
Agreement as of the date first written above. 
  

			
	PERRY ELLIS INTERNATIONAL, INC.
		
	By:	 	  

	Name:	 	[—]
	Title:	 	[—]

  

			
	Agreed and Accepted:
	
	RECIPIENT:
		
	By:	 	  

  
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