SEC Contract Filing

Filing Date: 2017-07-05

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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>vnce-ex101_9.htm
<DESCRIPTION>EX-10.1
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#808080;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.1</p>
<p style="margin-top:0pt;text-align:center;margin-bottom:12pt;text-indent:0%;font-size:11pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">WAIVER, CONSENT, AND FIRST AMENDMENT TO CREDIT AGREEMENT</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">WAIVER, CONSENT, AND FIRST AMENDMENT TO CREDIT AGREEMENT<font style="font-weight:normal;"> (this &#8220;</font><font style="text-decoration:underline;font-weight:normal;">Amendment</font><font style="font-weight:normal;">&#8221;) dated as of June 30, 2017, by and among VINCE, LLC, a Delaware limited liability company (&#8220;</font><font style="text-decoration:underline;font-weight:normal;">Vince</font><font style="font-weight:normal;">&#8221;) and Vince Intermediate Holding, LLC, a Delaware limited liability company (&#8220;</font><font style="text-decoration:underline;font-weight:normal;">Vince Intermediate</font><font style="font-weight:normal;">&#8221;, and together with Vince, each a &#8220;</font><font style="text-decoration:underline;font-weight:normal;">Borrower</font><font style="font-weight:normal;">&#8221; and collectively, the &#8220;</font><font style="text-decoration:underline;font-weight:normal;">Borrowers</font><font style="font-weight:normal;">&#8221;), the Guarantors party thereto, BANK OF AMERICA, N.A., as administrative agent (in such capacity, including any successor thereto, the &#8220;</font><font style="text-decoration:underline;font-weight:normal;">Agent</font><font style="font-weight:normal;">&#8221;), and each lender party hereto (collectively, the &#8220;</font><font style="text-decoration:underline;font-weight:normal;">Lenders</font><font style="font-weight:normal;">&#8221; and individually, each a &#8220;</font><font style="text-decoration:underline;font-weight:normal;">Lender</font><font style="font-weight:normal;">&#8221;).</font></p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;color:#000000;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS:</p>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">A.</font></p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:11pt;">The Borrowers, the Guarantors, the Agent, and the Lenders from time to time parties thereto are parties to that certain Credit Agreement dated as of November 27, 2013 (as amended, restated, supplemented or otherwise modified prior to the date hereof, the &#8220;<font style="text-decoration:underline;">Credit Agreement</font>&#8221;), pursuant to which the Lenders made Term Loans to the Borrowers; and</p></td></tr></table></div>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">B.</font></p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:11pt;">The Borrowers and the Guarantors have requested that the Lenders agree to amend the Credit Agreement and consent to or waive certain terms or provisions under the Credit Agreement, in each case, as set forth herein, and the Lenders have agreed to such waivers, consents, and amendments, subject to the terms and conditions set forth herein.</p></td></tr></table></div>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">NOW, THEREFORE, in consideration of the foregoing and the mutual covenants herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are her