Document:

Amendment No.5 to the Senior Credit Facility

 Exhibit 10.78 
 [Execution]  
 AMENDMENT NO. 5 TO THE SENIOR CREDIT FACILITY 
 AMENDMENT NO. 5 TO LOAN AND SECURITY AGREEMENT, dated as of July 1, 2004, entered into by and among Congress Financial Corporation (Florida), a
Florida corporation, in its capacity as agent acting for and on behalf of the parties to the Loan Agreement (as hereinafter defined) as lenders (in such capacity, “Agent”), the parties to the Loan Agreement as lenders (individually a
“Lender” and collectively, “Lenders”), Supreme International, Inc., a Delaware corporation (“Supreme”), Jantzen, Inc., a Delaware corporation (“Jantzen”), Salant Corporation, a Delaware corporation
(“Salant”), Salant Holding Corporation, a Delaware corporation (“Salant Holding”, and together with Supreme, Jantzen and Salant, each individually a “Borrower” and collectively, “Borrowers”), Perry Ellis
International, Inc., a Florida corporation (“Parent”), PEI Licensing, Inc., a Delaware corporation (“PEI Licensing”), Jantzen Apparel Corp., a Delaware corporation (“Jantzen Apparel”), BBI Retail, L.L.C., a Florida
limited liability company (“BBI”), Supreme Real Estate I, LLC, a Florida limited liability company (“Supreme I”), Supreme Real Estate II, LLC, Florida limited liability company (“Supreme II”), Supreme Realty, LLC, a
Florida limited liability company (“Supreme Realty”), Supreme Munsingwear Canada Inc., a Canada corporation (“Supreme Canada”), and Perry Ellis Real Estate Corporation, a Delaware corporation (“PE Real Estate”, and
together with Parent, PEI Licensing, Jantzen Apparel, BBI, Supreme I, Supreme II, Supreme Realty and Supreme Canada, each individually a “Guarantor” and collectively, “Guarantors”). 
 W I T N E S S E T H : 
 WHEREAS, Agent, Lenders, Borrowers and Guarantors have entered into financing arrangements pursuant to which Lenders (or Agent on behalf of Lenders) have
made and may make loans and advances and provide other financial accommodations to Borrowers as set forth in the Loan and Security Agreement, dated October 1, 2002, by and among Agent, Lenders, Borrowers and Guarantors as amended by Amendment
No. 1 to Loan and Security Agreement, dated June 19, 2003, Amendment No. 2 to Loan and Security Agreement, dated September 22, 2003, Amendment No. 3 to Loan and Security Agreement dated December 1, 2003, Amendment
No. 4 to Loan and Security Agreement dated February 25, 2004 and as amended hereby (as the same may hereafter be further amended, modified, supplemented, extended, renewed, restated or replaced, the “Loan Agreement”, and together
with all agreements, documents and instruments at any time executed and/or delivered in connection therewith or related thereto, as from time to time amended, modified, supplemented, extended, renewed, restated, or replaced, collectively, the
“Financing Agreements”); 
 WHEREAS, Borrowers and Guarantors have advised Agent and Lenders that (i) Salant will be changing
its name to Perry Ellis Menswear, Inc.; (ii) Borrowers and Guarantors intend to amend the amount of their lines of credit under the Letter of Credit Facility Agreements with the Letter of Credit Issuers (although the aggregate amount of such
lines of credit will continue to be limited to $60,000,000 as is currently permitted under the Loan Agreement); and (iii) Borrowers 

 
and Guarantors intend to merge Salant Holding with and into Supreme, with Supreme as the surviving corporation; 
 WHEREAS, Borrowers and Guarantors have requested that Agent and Lenders consent to each of such actions contemplated by them and Agent and Lenders are
willing to so consent, subject to the terms and conditions set forth in this Amendment No. 5; 
 NOW, THEREFORE, in consideration of the
foregoing, the mutual agreements and covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Definitions. 
 (a)
Additional Definitions. As used herein, the term “Amendment No. 5” shall mean this Amendment No. 5 to Loan and Security Agreement by and among Agent, Lenders, Borrowers and Guarantors, as the same now exists or may
hereafter be amended, modified, supplemented, extended, renewed, restated or replaced and the Loan Agreement and the other Financing Agreements are hereby amended to include, in addition and not in limitation, such definition. 
 (b) Interpretation. For purposes of this Amendment No. 5, unless otherwise defined herein, all capitalized terms used herein
which are defined in the Loan Agreement shall have the meanings given to such terms in the Loan Agreement. 
 2. Consent to Name
Change. Agent and Lenders hereby consent to the change of the name of Salant Corporation to Perry Ellis Menswear, Inc. and waive the requirement under Section 9.1(b)(i) of the Loan Agreement that Agent receive not less than thirty
(30) days prior written notice of such change, provided, that, Agent shall receive a copy of the amendment to the certificate of incorporation of Salant, as certified by the Secretary of State of the jurisdiction of incorporation
of Salant, evidencing that the name change has been filed with such Secretary of State, as soon as it is available. 
 3. Consent to
Amendments to Letter of Credit Facility Agreements. Subject to the terms and conditions set forth herein, Agent and Lenders hereby consent to (a) the amendment of the Letter of Credit Facility Agreements of Salant, Salant Holding, Supreme
and Jantzen with HSBC Bank USA to increase the maximum amount of the obligations of all of such Borrowers to HSBC Bank USA and its affiliates under such agreements to $30,000,000; (b) the amendment of the Letter of Credit Facility Agreements of
Salant, Salant Holding, Supreme and Jantzen with CommerceBank, N.A. to decrease the maximum amount of the obligations of all of such Borrowers to CommerceBank, N.A. under such agreements to $22,000,000; and (c) the amendment of the Letter of
Credit Facility Agreements of Salant, Salant Holding, Supreme and Jantzen with Israel Discount Bank of New York to decrease the maximum amount of the obligations of all of such Borrowers to Israel Discount Bank of New York under such agreements to
$8,000,000. The effectiveness of the consent of Agent and Lenders set forth in this Section 3 is subject to the receipt by Agent of true, correct and complete copies of all of the agreements related to such amendments as executed by each of the
parties thereto, which agreements shall be in form and substance reasonably satisfactory to Agent. 
  

 2 

 4. Merger of Salant Holding with and into Supreme. Section 9.7(a) of the Loan Agreement is
hereby deleted in its entirety and the following substituted therefor: 
 “(a) merge into or with or consolidate with any
other Person or permit any other Person to merge into or with or consolidate with it; except that Salant Holding may merge with and into Supreme; provided, that, each of the following conditions is satisfied:
(i) Agent shall have received not less than ten (10) Business Days’ prior written notice of the effective date of such merger, (ii) Agent shall have received, true, correct and complete copies of all agreements, documents and
instruments relating to such merger or consolidation, including, when available, the certificate or certificates of merger to be filed with each appropriate Secretary of State or similar Governmental Authority, foreign or domestic (with a copy as
filed promptly after such filing), (iii) Supreme shall be the surviving corporation and as the surviving corporation shall expressly confirm, ratify and assume the Obligations and the Financing Agreements to which it is a party in writing, in
form and substance satisfactory to Agent, and Borrowers and Guarantors shall execute and deliver such other agreements, documents and instruments as Agent may request in connection therewith, (iv) after giving effect to such merger and as a
result thereof, no Default or Event of Default shall exist or have occurred, (v) in no event shall Supreme or any other Borrower or Guarantor become liable for any Indebtedness or other obligations (contingent or otherwise) as a result of such
merger that it is not otherwise permitted to have hereunder, and (vi) such merger shall have occurred by not later than February 28, 2005,” 
 5. Representations, Warranties and Covenants. Borrowers and Guarantors jointly and severally represent, warrant and covenant with and to Agent and Lenders that this Amendment No. 5 has been duly
authorized, executed and delivered by all necessary action on the part of each Borrower and Guarantor which is a party hereto and, if necessary, their respective stockholders, and is in full force and effect as of the date hereof, and the agreements
and obligations of Borrowers and Guarantors contained herein constitute legal, valid and binding obligations of Borrowers and Guarantors enforceable against them in accordance with their terms except as such enforceability may be limited by
(a) bankruptcy, insolvency, reorganization, moratorium or similar laws of general applicability affecting the enforcement of creditors’ rights and (b) the application of general principles of equity (regardless of whether such
enforceability is considered in a proceeding in equity or at law); 
 6. Conditions Precedent. The effectiveness of the consents and
amendments contained herein shall only be effective upon the receipt by Agent of an executed original or executed original counterparts of this Amendment No. 5, duly authorized, executed and delivered by Borrowers, Guarantors and the Required
Lenders. 
 7. Effect of this Amendment. This Amendment No. 5 and the instruments and agreements delivered pursuant hereto
constitute the entire agreement of the parties with respect to the subject matter hereof and thereof, and supersede all prior oral or written communications, memoranda, proposals, negotiations, discussions, term sheets and commitments with respect
to the subject matter hereof and thereof. Except as expressly amended pursuant hereto and except 

  

 3 

 
for the amendments expressly contained herein, no other changes or modifications to the Financing Agreements are intended or implied, and in all other
respects the Financing Agreements are hereby specifically ratified, restated and confirmed by all parties hereto as of the effective date hereof. Any acknowledgment or consent contained herein shall not be construed to constitute a consent to any
other or further action by any Borrower or Guarantor or to entitle any Borrower or Guarantor to any other or further consent. To the extent that any provision of the Loan Agreement or any of the other Financing Agreements are inconsistent with the
provisions of this Amendment No. 5, the provisions of this Amendment No. 5 shall control. 
 8. Further Assurances. Each
Borrower and Guarantor shall execute and deliver such additional documents and take such additional action as may be reasonably requested by Agent or Lenders to effectuate the provisions and purposes of this Amendment No. 5. 
 9. Governing Law. The rights and obligations hereunder of each of the parties hereto shall be governed by and interpreted and determined in
accordance with the internal laws of the State of Florida (but excluding any principles of conflicts of law or other rule of law that would cause the application of the law of any jurisdiction other than the laws of the State of Florida).

 10. Binding Effect. This Amendment No. 5 shall be binding upon and inure to the benefit of each of the parties hereto and
their respective successors and assigns. 
 11. Counterparts. This Amendment No. 5 may be executed in any number of counterparts,
but all of such counterparts shall together constitute but one and the same agreement. In making proof of this Amendment No. 5, it shall not be necessary to produce or account for more than one counterpart thereof signed by each of the parties
hereto. Delivery of an executed counterpart of this Amendment No. 5 by telecopier shall have the same force and effect as delivery of an original executed counterpart of this Amendment No. 5. Any party delivering an executed counterpart of
this Amendment No. 5 by telecopier also shall deliver an original executed counterpart of this Amendment No. 5, but the failure to deliver an original executed counterpart shall not affect the validity, enforceability, and binding effect
of this Amendment No. 5 as to such party or any other party. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
  

 4 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 5 to be duly executed and
delivered by their authorized officers as of the day and year first above written. 
  

			
	 SUPREME INTERNATIONAL, INC.

		
	By:	 	 /s/    Timothy B. Page

		
	 Title:
	 	 CFO

	
	 JANTZEN, INC.

		
	By:	 	 /s/    Timothy B. Page

		
	 Title:
	 	 CFO

	
	 SALANT CORPORATION

		
	By:	 	 /s/    Timothy B. Page

		
	 Title:
	 	 CFO

	
	 SALANT HOLDING CORPORATION

		
	By:	 	 /s/    Timothy B. Page

		
	 Title:
	 	 CFO

	
	 PERRY ELLIS INTERNATIONAL, INC.
 PEI LICENSING, INC.
 JANTZEN APPAREL CORP.
 SUPREME REAL ESTATE I, LLC
 SUPREME REAL ESTATE II, LLC
 SUPREME REALTY, LLC
 BBI RETAIL, L.L.C.
 PERRY ELLIS REAL ESTATE CORPORATION

		
	By:	 	 /s/    Timothy B. Page

		
	 Title:
	 	 CFO

  

 5 

									
		 		 	 SUPREME MUNSINGWEAR CANADA INC.

					
		 		 		 	By:	 	 /s/    Timothy B. Page

					
		 		 		 	 Title:
	 	 CFO

	 AGREED:
	 		 	
			
	 CONGRESS FINANCIAL CORPORATION
 (FLORIDA), as Agent
	 		 	
					
	By:	 	 /s/    Illegible
	 		 		 	
					
	 Title:
	 	 Illegible
	 		 		 	
			
	 THE CIT GROUP/COMMERCIAL SERVICES, INC.
	 		 	
					
	By:	 	 /s/    Illegible
	 		 		 	
					
	 Title:
	 	 Vice President
	 		 		 	
			
	 THE ISRAEL DISCOUNT BANK OF NEW YORK
	 		 	
					
	By:	 	 /s/    David Keinan
	 		 	By:	 	 /s/    Roberto R. Muñoz

					
	 Title:
	 	 Senior Vice President
 Regional Manager for Florida
	 		 	 Title:
	 	 Senior Vice President
 Chief Lending Officer for Florida

			
	 HSBC BANK USA
	 		 	
					
	By:	 	 /s/    Illegible
	 		 		 	
					
	 Title:
	 	 Vice President
	 		 		 	

  

 6 

					
		 	Delaware	  	PAGE 1
		 	The First State	  	

 I, HARRIET SMITH WINDSOR, SECRETARY OF STATE OF THE STATE OF DELAWARE, DO HEREBY CERTIFY THE
ATTACHED IS A TRUE AND CORRECT COPY OF THE CERTIFICATE OF AMENDMENT OF “SALANT CORPORATION”, CHANGING ITS NAME FROM “SALANT CORPORATION” TO “PERRY ELLIS MENSWEAR, INC.”, FILED IN THIS OFFICE ON THE FIRST DAY OF JULY,
A.D. 2004, AT 4:17 O’CLOCK P.M. 
 A FILED COPY OF THIS CERTIFICATE HAS BEEN FORWARDED TO THE NEW CASTLE COUNTY RECORDER
OF DEEDS. 
  

					
		 		  	 /s/    Harriet Smith Windsor

		 	[SEAL]	  	 Harriet Smith Windsor, Secretary of State

			
	2123087    8100	 		  	AUTHENTICATION: 3210753
			
	040488485	 		  	                        DATE: 07-01-04

			
		 	 State of Delaware
 Secretary of State
 Division of Corporations
 Delivered 04:17 PM 07/01/2004
 FILED
04:17 PM 07/01/2004
 SRV 040488485 - 2123087 FILE

 CERTIFICATE OF AMENDMENT 
 TO 
 RESTATED CERTIFICATE OF INCORPORATION 
 OF 
 SALANT CORPORATION 
 Salant Corporation, a Delaware corporation (the “Corporation”), pursuant to Section 242 of the Delaware General Corporation Law, hereby
files this Certificate of Amendment to its Restated Certificate of Incorporation: 
 1. The name of the corporation
(hereinafter called the “Corporation”) is SALANT CORPORATION. 
 2. The Restated Certificate of Incorporation of the
Corporation is hereby amending Article First and restating it as follows: 
 FIRST: The name of the corporation (hereinafter
called the “Corporation”) is PERRY ELLIS MENSWEAR. INC. 
 3. The Restated Certificate of Incorporation of the
Corporation is hereby amending Article Eleventh and restating it as follows: 
 ELEVENTH: The Corporation shall have the power
to, and may, indemnify its officers, directors, employees and such other persons whom it has the power to indemnify under Delaware law, to the fullest extent permitted by Delaware law. 
 4. The foregoing amendment to the Restated Certificate of Incorporation has been duly adopted by joint unanimous written consent of the
board of directors and sole stockholder and in accordance with the provisions of Sections 228 and 242 of the Delaware General Corporation Law. 
 IN WITNESS WHEREOF, the undersigned has executed this Certificate of Amendment as of the 30th day of June, 2004. 
  

			
	SALANT CORPORATION
		
	By:	 	 /s/    Illegible

		 	 Illegible, PresidentAmendment No. 8 to the Senior Credit Facility

 Exhibit 10.79 
 AMENDMENT NO. 8 TO THE SENIOR CREDIT FACILITY 
 AMENDMENT NO. 8 TO LOAN AND SECURITY AGREEMENT, dated
as of September 30, 2005, entered into by and among Wachovia Bank, National Association, successor by merger to Congress Financial Corporation (Florida), in its capacity as agent acting for and on behalf of the parties to the Loan Agreement (as
hereinafter defined) as lenders (in such capacity, “Agent”), the parties to the Loan Agreement as lenders (individually a “Lender” and collectively, “Lenders”), Supreme International, LLC, a Delaware limited liability
company formerly known as Supreme International, Inc. (“Supreme”), Jantzen, LLC, a Delaware limited liability company formerly known as Jantzen, Inc. (“Jantzen”), Perry Ellis Menswear, LLC, a Delaware limited liability company
formerly known as Perry Ellis Menswear, Inc. (“Perry Ellis Menswear”), Perry Ellis Europe Limited, formerly known as Farah Manufacturing (U.K.) Limited, a private limited company incorporated in England and Wales (“Perry
Europe”), Salant Holding, LLC, a Delaware limited liability company formerly known as Salant Holding Corporation (“Salant Holding” and together with Supreme, Jantzen, Perry Europe and Perry Ellis Menswear, each individually
“Borrower” and collectively, “Borrowers”), Perry Ellis International, Inc., a Florida corporation (“Parent”), PEI Licensing, Inc., a Delaware corporation (“PEI Licensing”), Jantzen Apparel, LLC, a Delaware
limited liability company formerly known as Jantzen Apparel Corp. (“Jantzen Apparel”), Supreme Real Estate I, LLC, a Florida limited liability company (“Supreme I”), Supreme Real Estate II, LLC, a Florida limited liability
company (“Supreme II”), Supreme Realty, LLC, a Florida limited liability company (“Supreme Realty”), Supreme Munsingwear Canada Inc., a Canada corporation (“Supreme Canada”), Perry Ellis Shared Services Corporation, a
Delaware corporation (“PE Shared Services”), Winnsboro DC, LLC, a Delaware limited liability company (“Winnsboro”), Tampa DC, LLC, a Delaware limited liability company (“Tampa DC”), Perry Ellis International Group
Holdings Limited, a private company incorporated under the laws of Ireland having its principal place of business in the Bahamas (“Group Holdings”) and Perry Ellis Real Estate, LLC, a Delaware limited liability company formerly known as
Perry Ellis Real Estate Corporation (“PE Real Estate” and, together, with Parent, PEI Licensing, Jantzen Apparel, Supreme I, Supreme II, Supreme Realty, Group Holdings, PE Shared Services, Winnsboro, Tampa DC, and Supreme Canada, each
individually a “Guarantor” and collectively, “Guarantors”). 
 W I T N E S
S E T H : 
 WHEREAS, Agent, Lenders, Borrowers and Guarantors have entered into financing arrangements pursuant
to which Lenders (or Agent on behalf of Lenders) have made and may make loans and advances and provide other financial accommodations to Borrowers as set forth in the Loan and Security Agreement, dated October 1, 2002, by and among Agent,
Lenders, Borrowers and Guarantors, as amended by Amendment No. 1 to Loan and Security Agreement, dated June 19, 2003, Amendment No. 2 to Loan and Security Agreement, dated September 22, 2003, Amendment No. 3 to Loan and
Security Agreement, dated December 1, 2003, Amendment No. 4 to Loan and Security Agreement, dated February 25, 2004, Amendment No. 5 to Loan and 

 
dated as of September 30, 2004 and Amendment No. 7 to Loan and Security Agreement (“Amendment No. 7”), dated as of February 26,
2005 (as the same may hereafter be further amended, modified, supplemented, extended, renewed, restated or replaced, the “Loan Agreement”, and together with all agreements, documents and instruments at any time executed and/or delivered in
connection therewith or related thereto, as from time to time amended, modified, supplemented, extended, renewed, restated, or replaced, collectively, the “Financing Agreements”); 
 WHEREAS, Borrowers and Guarantors have requested that Agent and Lenders agree to permit Perry Europe to incur certain unsecured indebtedness and make
certain other amendments to the Loan Agreement, and Agent and Lenders are willing to so consent, subject to the terms and conditions set forth in this Amendment No. 8; and 
 WHEREAS, by this Amendment No. 8, Agent, Lenders, Borrowers and Guarantors desire and intend to evidence such consent and amendments. 
 NOW, THEREFORE, in consideration of the foregoing, the mutual agreements and covenants contained herein, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Definitions. 
 1.1 Additional Definitions. As used herein, the following terms shall have the meanings given to them below, and the Loan Agreement
and the other Financing Agreements are hereby amended to include, in addition and not in limitation, the following definitions: 
 (a) “Amendment No. 7 Post-Closing Letter” shall mean the letter agreement with respect to certain post-closing items, dated as of February 26, 2005, by and among Agent, Borrowers and Guarantors. 
 (b) “Amendment No. 8” shall mean Amendment No. 8 to Loan and Security Agreement by and among Agent, Lenders, Borrowers
and Guarantors, as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced. 
 1.2 Interpretation. For purposes of this Amendment No. 8, unless otherwise defined herein, all capitalized terms used herein which are defined in the Loan Agreement shall have the meanings given to such terms in the Loan
Agreement. 
 2. Conditions Precedent to Loans to Perry Europe. Section 4 of the Loan Agreement is hereby amended by adding the
following at the end of such Section: 
 “4.3 Conditions Precedent to Loans to Perry Europe. The satisfaction of each of the
conditions set forth on Schedule 4.3 hereto (the “Perry Europe Conditions”) is an additional condition precedent to (a) the making of Loans and/or providing Letter of Credit Accommodations to Perry Europe and (b) the inclusion of
any assets of Perry Europe in the Borrowing Base (it being understood that Borrowers and Guarantors shall not be obligated to satisfy the Perry Europe Conditions pursuant to the Amendment No. 7 Post-Closing Letter). 
  

 2 

 3. Indebtedness. Section 9.9 of the Loan Agreement is hereby amended by: 
 3.1 deleting subsection (n) of such Section in its entirety and replacing it with the following: 
 “(n) contingent indebtedness owing to the issuers of surety bonds (i) issued for the account of Borrowers and Guarantors
(excluding Perry Europe) in an aggregate outstanding amount not to exceed $6,000,000 and (ii) issued for the account of Perry Europe in an aggregate outstanding amount not to exceed £600,000.” 
 3.2 deleting the period at the end of subsection (r) of such Section and replacing it with “;” 
 3.3 adding at the end of such Section a new subsection as follows: 
 “(s) Indebtedness of Perry Europe to Barclays Bank or another financial institution acceptable to Agent, provided,
that, (i) in no event shall the aggregate outstanding amount of such Indebtedness exceed £700,000, of which up to £300,000 shall be in the form of letters of credit, (ii) such Indebtedness shall be unsecured;
except, that, the issuer of such letters of credit (“UK Issuer”) may hold a security interest or lien solely on the inventory purchased with the proceeds of any such letter of credit provided, that, such
security interest or lien shall at all times only secure reimbursement obligations of Perry Europe for the letter of credit used to purchase the specific Inventory constituting the collateral of UK Issuer and (iii) Perry Europe shall furnish to
Agent all notices or demands in connection with such Indebtedness either received by Perry Europe or on its behalf promptly after the receipt thereof, concurrently with the sending thereof, as the case may be.” 
 4. Schedules to Loan Agreement. The Loan Agreement is hereby amended by adding a new Schedule 4.3 thereto in the form of Exhibit A to this
Amendment No. 8. 
 5. Representations, Warranties and Covenants. Borrowers and Guarantors, jointly and severally, represent,
warrant and covenant with and to Agent and Lenders as follows, which representations, warranties and covenants shall survive the execution and delivery hereof: 
 5.1 this Amendment No. 8 has been duly authorized, executed and delivered by all necessary action on the part of each Borrower and
Guarantor which is a party hereto and, if necessary, their respective stockholders, and is in full force and effect as of the date hereof, and the agreements and obligations of Borrowers and Guarantors contained herein constitute legal, valid and
binding obligations of Borrowers and Guarantors enforceable against them in accordance with their terms except as such enforceability may be limited by (i) bankruptcy, insolvency, reorganization, moratorium or similar laws of general
applicability affecting the enforcement of creditors’ rights and (ii) the application of general principles of equity (regardless 

  

 3 

 
accordance with their terms except as such enforceability may be limited by (i) bankruptcy, insolvency, reorganization, moratorium or similar laws of
general applicability affecting the enforcement of creditors’ rights and (ii) the application of general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law); 
 5.2 neither this Amendment No. 8 nor the transactions contemplated hereby are in contravention of any applicable law, or the terms of
any agreement to which any Borrower or Guarantor is a party or by which any property of any Borrower or Guarantor is bound; and 
 5.3 as of the date hereof, no Default or Event of Default exists or has occurred and is continuing. 
 6. Conditions
Precedent. The effectiveness of the amendments contained herein shall only be effective upon the satisfaction of each of the following conditions precedent in a manner satisfactory to Agent: 
 6.1 Agent shall have received executed counterparts of this Amendment No. 8, duly authorized, executed and delivered by Borrowers,
Guarantors and the Required Lenders; 
 6.2 No Default or Event of Default shall exist or have occurred and be continuing; and

 6.3 Agent shall have received, in form and substance satisfactory to Agent, all consents, waivers, acknowledgments and
other agreements from third persons which Agent may deem necessary or desirable in order to effectuate the provisions of this Amendment No. 8. 
 7. Effect of this Amendment. This Amendment No. 8 and the instruments and agreements delivered pursuant hereto (if any) constitute the entire agreement of the parties with respect to the subject matter hereof and thereof, and
supersede all prior oral or written communications, memoranda, proposals, negotiations, discussions, term sheets and commitments with respect to the subject matter hereof and thereof. Except as expressly amended pursuant hereto, no other changes or
modifications to the Financing Agreements are intended or implied, and in all other respects the Financing Agreements are hereby specifically ratified, restated and confirmed by all parties hereto as of the effective date hereof. To the extent that
any provision of the Loan Agreement or any of the other Financing Agreements are inconsistent with the provisions of this Amendment No. 8, the provisions of this Amendment No. 8 shall control. 
 8. Further Assurances. Each Borrower and Guarantor shall execute and deliver such additional documents and take such additional action as may be
reasonably requested by Agent or Lenders to effectuate the provisions and purposes of this Amendment No. 8. 
 9. Governing Law.
The rights and obligations hereunder of each of the parties hereto shall be governed by and interpreted and determined in accordance with the internal laws of the State of Florida (but excluding any principles of conflicts of law or other rule of
law that would cause the application of the law of any jurisdiction other than the laws of the Stale of Florida). 
  

 4 

 10. Binding Effect. This Amendment No. 8 shall be binding upon and inure to the benefit of
each of the parties hereto and their respective successors and assigns. 
 11. Counterparts. This Amendment No. 8 may be executed
in any number of counterparts, but all of such counterparts shall together constitute but one and the same agreement. In making proof of this Amendment No. 8, it shall not be necessary to produce or account for more than one counterpart thereof
signed by each of the parties hereto. Delivery of an executed counterpart of this Amendment No. 8 by telecopier shall have the same force and effect as delivery of an original executed counterpart of this Amendment No. 8. Any party
delivering an executed counterpart of this Amendment No. 8 by telecopier also shall deliver an original executed counterpart of this Amendment No. 8, but the failure to deliver an original executed counterpart shall not affect the
validity, enforceability, and binding effect of this Amendment No. 8 as to such party or any other party. 
 [REMAINDER OF PAGE
INTENTIONALLY LEFT BLANK] 
  

 5 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 8 to be duly executed and
delivered by their authorized officers as of the day and year first above written. 
  

			
	 SUPREME INTERNATIONAL, LLC,
 formerly known
as Supreme International, Inc.

		
	By:	 	 Perry Ellis International, Inc.,
 its Managing
Member

		
	By:	 	 /s/    Illegible

		
	 Title:
	 	  
	
	 JANTZEN, LLC,
 formerly known as Jantzen,
Inc.

		
	By:	 	 Perry Ellis International, Inc.,
 its Managing
Member

		
	By:	 	 /s/    Illegible

		
	 Title:
	 	  
	
	 PERRY ELLIS MENSWEAR, LLC,
 formerly known as
Perry Ellis Menswear, Inc.

		
	By:	 	 Perry Ellis International, Inc.,
 its Managing
Member

		
	By:	 	 /s/    Illegible

		
	 Title:
	 	  
	
	 SALANT HOLDING, LLC,
 formerly known as
Salant Holding Corporation

		
	By:	 	 Perry Ellis International, Inc.,
 its Managing
Member

		
	By:	 	 /s/    Illegible

		
	 Title:
	 	  

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 
  

 6 

 [SIGNATURES CONTINUED FROM PRECEDING PAGE] 
  

			
	 PERRY ELLIS EUROPE LIMITED, formerly
 known as Farah Manufacturing (U.K.) Limited

		
	By:	 	 /s/    Illegible

		
	 Title:
	 	  
		
	By:	 	  
		
	 Title:
	 	  
	
	 Present when the Common Seal of
 PERRY ELLIS
INTERNATIONAL GROUP
 HOLDINGS LIMITED hereunto offered

		
	By:	 	 /s/    Illegible

		
	 Title:
	 	  
		
	By:	 	 /s/    Illegible

		
	 Title:
	 	  
	
	 PERRY ELLIS INTERNATIONAL, INC.
 PEI
LICENSING, INC.

		
	By:	 	 /s/    Illegible

		
	 Title:
	 	  
	
	SUPREME MUNSINGWEAR CANADA, INC.
		
	By:	 	 /s/    Illegible

		
	 Title:
	 	  

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 
  

 7 

 [SIGNATURES CONTINUED FROM PRECEDING PAGE] 
  

			
	 JANTZEN APPAREL, LLC,
 formerly known as Jantzen Apparel Corp.

		
	By:	 	 PEI Licensing, Inc.,
 its Managing
Member

		
	By:	 	 /s/    Illegible

		
	 Title:
	 	  
	
	 SUPREME REAL ESTATE I, LLC

		
	By:	 	 /s/    Illegible

		
	 Title:
	 	  
	
	 SUPREME REAL ESTATE II, LLC

		
	By:	 	 /s/    Illegible

		
	 Title:
	 	  
	
	 SUPREME REALTY, LLC

		
	By:	 	 /s/    Illegible

		
	 Title:
	 	  

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 
  

 8 

 [SIGNATURES CONTINUED FROM PRECEDING PAGE] 
  

			
	PERRY ELLIS SHARED SERVICES CORPORATION
		
	By:	 	 /s/    Illegible

		
	 Title:
	 	  
	
	 WINNSBORO DC, LLC

		
	By:	 	 Perry Ellis International Inc.,
 its Managing
Member

		
	By:	 	 /s/    Illegible

		
	 Title:
	 	  
	
	 TAMPA DC, LLC

		
	By:	 	 Perry Ellis International Inc.,
 its Managing
Member

		
	By:	 	 /s/    Illegible

		
	 Title:
	 	  
	
	 PERRY ELLIS REAL ESTATE, LLC,
 formerly known as Perry Ellis Real Estate Corporation

		
	By:	 	 Perry Ellis International Inc.,
 its Managing
Member

		
	By:	 	 /s/    Illegible

		
	 Title:
	 	  

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 
  

 9 

 [SIGNATURES CONTINUED FROM PRECEDING PAGE] 
  

									
	 AGREED:
	 		 	
			
	 WACHOVIA BANK, NATIONAL ASSOCIATION,
 successor by merger to Congress Financial Corporation (Florida), as Agent and a Lender
	 		 	
					
	By:	 	 /s/    Illegible
	 		 		 	
					
	 Title:
	 	 Director
	 		 		 	
			
	THE CIT GROUP/COMMERCIAL SERVICES, INC.	 		 	
					
	By:	 	 /s/    Illegible
	 		 		 	
					
	 Title:
	 	 Vice President
	 		 		 	
			
	 THE ISRAEL DISCOUNT BANK OF NEW YORK
	 		 	
					
	By:	 	 /s/    David Keinan
	 		 	By:	 	 /s/    Dilian G. Schulz

					
	 Title:
	 	 Senior Vice President
 Regional Manager for Florida
	 		 	 Title:
	 	 First Vice President &
 Chief Credit Officer for Florida

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 
  

 10 

 [SIGNATURES CONTINUED FROM PRECEDING PAGE] 
  

			
	 HSBC BANK USA, NATIONAL ASSOCIATION

		
	 By:
	 	  
		
	 Title:
	 	  
	
	 HSBC BUSINESS CREDIT (USA) INC.

		
	 By:
	 	 /s/    Illegible

		
	 Title:
	 	 Vice President

	
	 BURDALE FINANCIAL LIMITED

		
	 By:
	 	 /s/    Illegible

		
	 Title:
	 	 Credit Manager

  

 11 

 EXHIBIT A 
 TO 
 AMENDMENT NO. 8 
 SCHEDULE 4.3 
 Conditions Precedent to UK Borrowing 
 1. Agent shall have conducted, in manner satisfactory to Agent, a field examination with respect to the Accounts, Inventory and Records of Perry Europe;

 2. Agent shall have received the following duly executed documents, in form and substance satisfactory to Agent, (a) a share mortgage
by Parent in favor of Agent with respect to the remaining thirty-five percent (35%) of the issued and outstanding shares of Group Holdings to secure the guarantee by Parent of the Obligations of the Foreign Loan Parties (other than Supreme
Canada), (b) a debenture duly executed by Group Holdings in favor of Agent, (c) a share mortgage by Group Holdings in favor of Agent with respect to all of the issued and outstanding shares of Perry Europe, and (d) a debenture duly
executed by Perry Europe in favor of Agent (together, the “Foreign Law Security Documents”); 
 3. the share mortgage with respect
to sixty-five (65%) of the issued and outstanding shares of Group Holdings which is being held in escrow pursuant to the Escrow Agreement, dated
                    , 2005, between Parent and Agent, shall be released from escrow. 
 4. Agent shall have received, in form and substance satisfactory to Agent, a certified copy of the resolutions of the board of directors of each Foreign
Loan Party (other than Supreme Canada) approving such Foreign Loan Party’s entry into the Foreign Law Security Documents to which it is a party, and any related documentation; 
 5. Agent shall have received, in form and substance satisfactory to Agent, a director’s certificate from each of the Foreign Loan Parties (other
than Supreme Canada) (a) certifying that all corporate action required to enable such Foreign Loan Party to enter into, execute and perform its obligations under the Foreign Law Security Documents to which it is a party and to authorize the
transactions contemplated therein has been taken, (b) setting out the specimen signatures of those persons authorized to execute those Foreign Law Security Documents to which it is a party on behalf of such Foreign Loan Party (or confirming that the
position as set out in the director’s certificate delivered by such Foreign Loan Party to Agent in respect of Amendment No. 7 has not changed); (c) certifying that the performance by such Foreign Loan Party of its rights and
obligations under the Foreign Law Security Documents would not cause any borrowing limit binding on it to be exceeded; and (d) certifying that there has been no change to the constitutional documents of such Foreign Loan Party since certified
copies were delivered to Agent as a condition precedent under Amendment No. 7; 
 6. Agent shall have received, in form and substance
satisfactory to Agent, a certified copy of each notice required to be dispatched pursuant to the Foreign Law Security Documents and acknowledgements from all recipients of such notices as required by the Foreign Law 

  

 1 

 
Security Documents or agreement by the relevant recipient of the form of acknowledgement to be given by it; 
 7. Agent shall have received, in form and substance satisfactory to Agent, a copy of the mandate for each Blocked Account in the United Kingdom, which
are to be operated in accordance with the terms of the Loan Agreement, duly completed (so far as possible) by Perry Europe and evidence satisfactory to Agent that such Blocked Accounts have been opened; 
 8. Agent shall have received evidence, in form and substance satisfactory to Agent, that Agent has a valid and perfected fixed charge on the Accounts of
Perry Europe and a valid and perfected floating charge on all of the other assets of each Foreign Loan Party (other than Supreme Canada), subject only to the liens permitted under Section 9.8 of the Loan Agreement. 
 9. Agent shall have received, in form and substance satisfactory to Agent, results of all final company and winding up searches in relation to each
Foreign Loan Party (other than Supreme Canada); 
 10. Agent shall have received stock certificates representing one hundred percent
(100%) of the issued and outstanding shares of Capital Stock of Perry Europe and the remaining thirty-five percent (35%) of the issued and outstanding shares of Capital Stock of Group Holdings, in each case together with a related stock
transfer form executed in blank and with a certified copy of the register of members of each Foreign Loan Party (other than Supreme Canada); and 
 11. Agent shall have received, in form and substance satisfactory to Agent, legal opinions in respect of the security constituted by, and the Foreign Loan Parties’ (other than Supreme Canada) entry into, the Foreign Law Security
Documents. 
  

 2

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