FINANCING AGREEMENT Dated as of July 30, 2010 by and among FREDERICK’S OF HOLLYWOOD GROUP INC., and CERTAIN OF ITS SUBSIDIARIES, as Borrowers,
EXHIBIT
10.1
Dated as
of July 30, 2010
by and
among
FREDERICK’S
OF HOLLYWOOD GROUP INC.,
and
CERTAIN
OF ITS SUBSIDIARIES,
as
Borrowers,
and
HILCO
BRANDS, LLC,
as the
Arranger and Agent
TABLE OF
CONTENTS
ARTICLE I
DEFINITIONS; CERTAIN TERMS
|
1
|
|
SECTION
1.01.
|
Definitions
|
1
|
SECTION
1.02.
|
Terms
Generally
|
15
|
SECTION
1.03.
|
Accounting
and Other Terms
|
15
|
SECTION
1.04.
|
Time
References
|
15
|
ARTICLE II
THE LOAN
|
16
|
|
SECTION
2.01.
|
Secured
Loan
|
16
|
SECTION
2.02.
|
Note;
Repayment of Loan
|
16
|
SECTION
2.03.
|
Interest
|
16
|
ARTICLE III
FEES, PAYMENTS AND OTHER COMPENSATION
|
17
|
|
SECTION
3.01.
|
Payments;
Computations and Statements
|
17
|
SECTION
3.02.
|
Closing
Fee
|
18
|
SECTION
3.04.
|
Apportionment
of Payments
|
18
|
SECTION
3.05.
|
Joint
and Several Liability of the Borrowers
|
19
|
ARTICLE IV
CONDITIONS TO LOAN
|
20
|
|
SECTION
4.01.
|
Conditions
Precedent to Effectiveness
|
20
|
ARTICLE V
REPRESENTATIONS AND WARRANTIES
|
22
|
|
SECTION
5.01.
|
Representations
and Warranties
|
22
|
ARTICLE VI
COVENANTS
|
32
|
|
SECTION
6.01.
|
Affirmative
Covenants
|
32
|
SECTION
6.02.
|
Negative
Covenants
|
40
|
ARTICLE VII
EVENTS OF DEFAULT
|
45
|
|
SECTION
7.01.
|
Events
of Default
|
45
|
ARTICLE VIII
AGENT
|
49
|
|
SECTION
8.01.
|
Appointment
|
49
|
SECTION
8.02.
|
Nature
of Duties
|
49
|
SECTION
8.03.
|
Rights,
Exculpation, Etc
|
50
|
SECTION
8.04.
|
Reliance
|
50
|
SECTION
8.05.
|
Indemnification
|
50
|
SECTION
8.06.
|
Agent
Individually
|
51
|
SECTION
8.07.
|
Successor
Agent
|
51
|
SECTION
8.08.
|
Collateral
Matters
|
52
|
SECTION
8.09.
|
Agency
for Perfection
|
53
|
ARTICLE IX
MISCELLANEOUS
|
53
|
|
SECTION
9.01.
|
Notices,
Etc
|
53
|
SECTION
9.02.
|
Amendments,
Etc
|
55
|
SECTION
9.03.
|
No
Waiver; Remedies, Etc
|
55
|
SECTION
9.04.
|
Expenses;
Taxes; Attorneys’ Fees
|
56
|
SECTION
9.05.
|
Rights
of Set-Off
|
56
|
SECTION
9.06.
|
Severability
|
56
|
SECTION
9.07.
|
Assignments
and Participations
|
56
|
SECTION
9.08.
|
Counterparts
|
58
|
SECTION
9.09.
|
GOVERNING
LAW
|
58
|
SECTION
9.10.
|
CONSENT
TO JURISDICTION; SERVICE OF PROCESS AND VENUE
|
59
|
SECTION
9.11.
|
WAIVER
OF JURY TRIAL, ETC
|
60
|
ii
SECTION
9.12.
|
Consent
by the Agent and Lenders
|
60
|
SECTION
9.13.
|
Integration
|
60
|
SECTION
9.14.
|
No
Party Deemed Drafter
|
60
|
SECTION
9.15.
|
Reinstatement;
Certain Payments
|
60
|
SECTION
9.16.
|
Group
as the Agent for the Borrowers
|
60
|
SECTION
9.17.
|
Indemnification
|
61
|
SECTION
9.18.
|
Records
|
61
|
SECTION
9.19.
|
Binding
Effect
|
61
|
SECTION
9.20.
|
Confidentiality
|
62
|
SECTION
9.21.
|
Limitations
on Liability of Officers
|
62
|
SECTION
9.22.
|
Intent
to Limit Charges to Maximum Lawful Rate
|
62
|
SECTION
9.23.
|
USA
Patriot Act-Notice
|
62
|
SECTION
9.24.
|
No
Publicity
|
63
|
SECTION
9.25.
|
Intercreditor
Agreement
|
63
|
iii
SCHEDULES AND
EXHIBITS
Schedule
1.01(a)
|
Guarantors
|
Schedule
1.01(d)
|
Permitted
Holders
|
Schedule
1.01(e)
|
Warehouse
Locations
|
Schedule
2.02
|
Lenders’
Proportionate Shares
|
Schedule
5.01(e)
|
Subsidiaries
|
Schedule
5.01(f)
|
Litigation;
Commercial Tort Claims
|
Schedule
5.01(g)
|
SEC
Filings
|
Schedule
5.01(i)
|
ERISA
|
Schedule
5.01(o)
|
Real
Property
|
Schedule
5.01(q)
|
Environmental
Matters
|
Schedule
5.01(r)
|
Insurance
|
Schedule
5.01(u)
|
Intellectual
Property
|
Schedule
5.01(v)
|
Material
Contracts
|
Schedule
5.01(y)
|
Name;
Jurisdiction of Organization; Organizational ID Number; Chief Place of
Business; Chief Executive Officer; FEIN
|
Schedule
5.01(bb)
|
Transactions
with Affiliates
|
Schedule
5.01(cc)
|
Equity
Capitalization
|
Schedule
6.01(s)
|
Debt
Service Coverage Ratio
|
Schedule
6.02(b)
|
Existing
Liens
|
Schedule
6.02(f)
|
Existing
Investments
|
Schedule
6.02(j)
|
Transactions
with Affiliates
|
Schedule
6.02(k)
|
Limitations
on Dividends and Other Payment Restrictions
|
Exhibit
A
|
Form
of Guaranty
|
Exhibit
B
|
Form
of Note
|
Exhibit
C
|
Form
of Security Agreement
|
Exhibit
D
|
Form
of Intercreditor Agreement
|
iv
Financing
Agreement, dated as of July 30, 2010, by and among Frederick’s of Hollywood
Group Inc., a New York corporation (“Group”), FOH Holdings, Inc., a
Delaware corporation (the “Parent”), Frederick’s of Hollywood, Inc., a Delaware
corporation (“Frederick’s”), Frederick’s of Hollywood Stores, Inc., a
Nevada corporation (“Stores”), Hollywood Mail Order, LLC, a Nevada limited
liability company (“Mail Order” and together with Group, the Parent, Frederick’s
and Stores, individually, a “Borrower”, and collectively, the “Borrowers”), the
lending parties from time to time a party hereto (individually a
“Lender” and collectively, the “Lenders”) and Hilco Brands, LLC, a Delaware
limited liability company, as arranger and agent for the Lenders (in such
capacity, the “Agent”).
RECITALS
WHEREAS,
the Borrowers, Xxxxx Fargo Retail Finance II, LLC (“Xxxxx Fargo”) and certain
other financial institutions are parties to a certain Amended and Restated
Financing Agreement, dated as of January 28, 2008, and amended on September 9,
2008, September 21, 2009, October 23, 2009 and July 30, 2010 (as so amended, the
“Existing Xxxxx Fargo Agreement”);
WHEREAS,
pursuant to the Existing Xxxxx Fargo Agreement, Xxxxx Fargo has made, among
other credit facilities, a certain Bridge Loan Facility available to the
Borrowers in the original principal amount of Two Million Dollars
($2,000,000.00) (the “Bridge Loan”);
WHEREAS,
the Bridge Loan is due and payable in full on August 1, 2010; and
WHEREAS,
the Borrowers have requested the Lenders to make a secured term loan in the
original principal amount of Seven Million Dollars ($7,000,000.00) available to
the Borrowers for the purposes of refinancing the Bridge Loan and to provide the
Borrowers with additional working capital.
NOW,
THEREFORE, in consideration of the premises and the covenants and agreements
contained herein, the receipt and adequacy of which are hereby acknowledged, the
Borrowers, the Lenders and the Agent hereby agree as follows:
ARTICLE
I
DEFINITIONS;
CERTAIN TERMS
SECTION
1.01. Definitions As used
in this Agreement, the following terms shall have the respective meanings
indicated below, such meanings to be applicable equally to both the singular and
plural forms of such terms:
“Account Receivable”
means any and all rights of the Borrowers to payment for goods sold and services
rendered, including accounts, general intangibles and any and all such rights
evidenced by chattel paper, instruments or documents, whether due or to become
due and whether or not earned by performance, and whether now or hereafter
acquired or arising in the future and any proceeds arising therefrom or relating
thereto.
“Action” has the
meaning specified therefor in Section 9.12.
“Administrative
Borrower” means Group.
“Affiliate” means, as
to any Person, any other Person that directly or indirectly through one or more
intermediaries, controls, is controlled by, or is under common control with,
such Person, including all Executive Officers and/or
directors, partners, or limited liability company managers (or
persons who serve in similar capacities) of such Person. For purposes
of this definition, “control” of a Person means the power, directly or
indirectly, either to (i) vote 10% or more of the Capital Stock having ordinary
voting power for the election of directors of such Person or (ii) direct or
cause the direction of the management and policies of such Person whether by
contract or otherwise. Notwithstanding anything herein to the contrary, in no
event shall the Agent or any Lender be considered an “Affiliate” of any Loan
Party.
“Agent” has the
meaning specified therefor in the preamble hereto.
“Agent’s Account”
means an account at a bank designated by the Agent from time to time as the
account into which the Borrowers shall make all payments to the Agent for the
benefit of the Lenders.
“Agent Advances” has
the meaning specified therefor in Section 8.08(a).
“Agreement” means this
Financing Agreement, including all amendments, modifications and supplements and
any exhibits or schedules to any of the foregoing, and shall refer to the
Agreement as the same may be in effect at the time such reference becomes
operative.
“Authorized Officer”
means, as to any Person, any officer or other employee of such
Person.
“Bailee Agreement”
means an agreement completed in form and substance reasonably satisfactory to
the Agent in its Permitted Discretion, duly executed and delivered by the
applicable customs broker, bailee, warehouseman, or similar party, as the case
may be, and Borrower.
“Bankruptcy Code”
means Title 11 of the United States Code.
“Blocked Person” has
the meaning specified therefor in Section 6.02(r).
“Board” means the
Board of Governors of the Federal Reserve System of the United
States.
“Borrower” and “Borrowers” have the
meanings specified therefor in the preamble hereto.
“Business Day” means
any day other than a Saturday, Sunday or other day on which commercial banks in
Los Angeles, California and New York, New York are authorized or required to
close.
2
“Capital Expenditures”
means, with respect to any Person for any period, the sum of (i) the
aggregate of all expenditures by such Person and its Subsidiaries during such
period that in accordance with GAAP are or should be included in “property,
plant and equipment” or similar fixed asset account on its balance sheet,
whether such expenditures are paid in cash or financed and including all
Capitalized Lease Obligations paid or payable during such period, and (ii) to
the extent not covered by clause (i) above, the aggregate of all expenditures by
such Person and its Subsidiaries to acquire by purchase or otherwise the
business or fixed assets of, or the Capital Stock of, any other Person, minus, with regard to
the equipment that is purchased by such Person and its Subsidiaries
simultaneously with the trade-in of existing equipment, fixed assets or
improvements, the credit granted by the seller of such equipment for the
trade-in of such equipment, fixed assets or improvements.
“Capitalized Lease”
means, with respect to any Person, any lease of real or personal property by
such Person as lessee which is required under GAAP to be capitalized on the
balance sheet of such Person.
“Capitalized Lease
Obligations” means, with respect to any Person, obligations of such
Person and its Subsidiaries under Capitalized Leases, and, for purposes hereof,
the amount of any such obligation shall be the capitalized amount thereof
determined in accordance with GAAP.
“Capital Stock” means
(i) with respect to any Person that is a corporation, any and all shares,
interests, participations or other equivalents including options, warrants or
other derivative instruments (however designated and whether or not voting) of
corporate stock, and (ii) with respect to any Person that is not a corporation,
any and all partnership, membership or other equity interests of such Person
including options, warrants or other derivative instruments.
“Change in Law” means
(a) the adoption of any law, rule or regulation after the date of this
Agreement, or (b) any change in any law, rule or regulation or in the
interpretation or application thereof by any Governmental Authority after the
date of this Agreement.
“Change of Control”
means each occurrence of any of the following:
(a) the
acquisition, directly or indirectly, by any person or group (within the meaning
of Section 13(d) and 14(d) of the Exchange Act), other than Permitted
Holders, of beneficial ownership (as defined in Rule 13d-3 under the Exchange
Act) of more than 30% of the Capital Stock of Group having the right to vote for
the election of members of the Board of Directors of Group;
(b) during
any period of two consecutive years, individuals who at the beginning of such
period constituted the Board of Directors of Group (together with any new
directors whose election by such Board of Directors or whose nomination for
election by the shareholders of Group was approved by a vote of at least a
majority the directors of Group then still in office who were either directors
at the beginning of such period, or whose election or nomination for election
was previously approved) cease for any reason to constitute a majority of the
Board of Directors of Group;
3
(c) the
Parent shall cease to have, directly or indirectly through one or more Loan
Parties, beneficial ownership (as defined in Rule 13d-3 under the Exchange
Act) of 100% of the aggregate voting power of the Capital Stock of each Borrower
(other than Group) and each Guarantor, free and clear of all Liens (other than
Liens in favor of the Agent);
(d) Group
shall cease to have, directly or indirectly through one or more Loan Parties,
beneficial ownership (as defined in Rule 13d-3 under the Exchange Act) of
100% of the aggregate voting power of the Capital Stock of the Parent, free and
clear of all Liens (other than Liens in favor of the
Agent); or
(e) Group
consolidates with or merges into another entity or conveys, transfers or leases
all or substantially all of its property and assets to any Person,
or (i) any Borrower consolidates with or merges into another entity or
conveys, transfers or leases all or substantially all of its property and assets
to another Person, or (ii) any entity consolidates with or merges into any
other Loan Party unless the Parent has beneficial ownership of one hundred
percent (100%) of the aggregate voting power of all Capital Stock of the
resulting, surviving or transferee entity.
“Closing Fee” has the
meaning specified therefor in Section 3.02.
“Collateral” means
(i) all of the Property and assets and all interests therein and proceeds
thereof now owned or hereafter acquired by any Person upon which a Lien is
granted or purported to be granted by such Person as security for all or any
part of the Obligations, and (ii) all “Collateral” as defined in the
Security Agreement.
“Contingent
Obligation” means, with respect to any Person, any obligation of such
Person guaranteeing any Indebtedness, leases, dividends or other obligations
(“primary obligations”) of any other Person (the “primary obligor”) in any
manner, whether directly or indirectly, including, without limitation, (i) the
direct or indirect guaranty, endorsement (other than for collection or deposit
in the ordinary course of business), co-making, discounting with recourse or
sale with recourse by such Person of the obligation of a primary obligor,
(ii) the obligation to make take-or-pay or similar payments, if required,
regardless of nonperformance by any other party or parties to an agreement,
(iii) any obligation of such Person, whether or not contingent, (A) to purchase
any such primary obligation or any property constituting direct or indirect
security therefor, (B) to advance or supply funds (1) for the purchase or
payment of any such primary obligation or (2) to maintain working capital
or equity capital of the primary obligor or otherwise to maintain the net worth
or solvency of the primary obligor, (C) to purchase property, assets,
securities or services primarily for the purpose of assuring the owner of any
such primary obligation of the ability of the primary obligor to make payment of
such primary obligation or (D) otherwise to assure or hold harmless the
holder of such primary obligation against loss in respect thereof; provided, however, that the
term “Contingent Obligation” shall not include any products warranties extended
in the ordinary course of business. The amount of any Contingent
Obligation shall be deemed to be an amount equal to the stated or determinable
amount of the primary obligation with respect to which such Contingent
Obligation is made (or, if less, the maximum amount of such primary obligation
for which such Person may be liable pursuant to the terms of the instrument
evidencing such Contingent Obligation) or, if not stated or determinable, the
maximum reasonably anticipated liability with respect thereto (assuming such
Person is required to perform thereunder), as determined by such Person in good
faith.
4
“Debt Service Coverage
Ratio” means, for each relevant computation period specified at Schedule
6.01(s) (the “Computation Period”), the ratio of (a) EBITDA less: all Capital
Expenditures paid during the relevant Computation Period and less all income tax
expenses paid during the relevant Computation Period, to (b) the sum
for such Computation Period of total consolidated Interest Expense of the
Borrowers for such Computation Period (excluding PIK Interest), plus required
payments of principal of the Loan.
“Default” means an
event which, with the giving of notice or the lapse of time or both, would
constitute an Event of Default.
“Derivatives” means
any interest rate, foreign currency, commodity or equity swap, collar, cap,
floor or forward rate agreement, or other agreement or arrangement designed to
protect against fluctuations in interest rates or currency, commodity or equity
values (including, without limitation, any option with respect to any of the
foregoing and any combination of the foregoing agreements or arrangements), and
any confirmation executed in connection with any such agreement or
arrangement.
“Dollar,” “Dollars” and the
symbol “$” each
means lawful money of the United States of America.
“Domestic Subsidiary”
means each Subsidiary of a Borrower that is not a Foreign
Subsidiary.
“EBITDA” means, for
any period, consolidated net income of the Borrowers, plus, to the extent
deducted in determining consolidated net income of the Borrowers for such
period, (i) Interest Expense, (ii) income tax expense, and (iii)
depreciation and amortization.
“Effective Date” means
July 30, 2010.
“Eligible Market”
means the The New York Stock Exchange, Inc., the NYSE Amex Exchange, The NASDAQ
Global Select Market, The NASDAQ Global Market or The NASDAQ Capital Market, OTC
Bulletin Board or the Pink Sheets, or any market that is a successor to any of
the foregoing.
“Employee Plan” means
an employee benefit plan (other than a Multiemployer Plan) covered by Title IV
of ERISA and maintained (or was maintained at any time during the six (6)
calendar years preceding the date of any borrowing hereunder) for employees of
any Borrowers or any of its ERISA Affiliates.
“Environmental
Actions” means any complaint, summons, citation, notice, directive,
order, claim, litigation, investigation, judicial or administrative proceeding,
judgment, letter or other communication from any Governmental Authority
involving violations of Environmental Laws or Releases of Hazardous Materials
(i) from any assets, properties owned or operated by, or businesses of any Loan
Party or any of its Subsidiaries or any predecessor in interest; or (ii) onto
any facilities which received Hazardous Materials generated by any Loan Party or
any of its Subsidiaries or any predecessor in interest.
5
“Environmental Laws”
means the Comprehensive Environmental Response, Compensation and Liability Act
(42 U.S.C. § 9601, et seq.), the Hazardous
Materials Transportation Act (49 U.S.C. § 1801, et seq.), the Resource
Conservation and Recovery Act (42 U.S.C. § 6901, et seq.), the Federal
Clean Water Act (33 U.S.C. § 1251 et seq.), the Clean Air
Act (42 U.S.C. § 7401 et seq.), the Toxic
Substances Control Act (15 U.S.C. § 2601 et seq.) and the
Occupational Safety and Health Act (29 U.S.C. § 651 et seq.), as such laws
may be amended or otherwise modified from time to time, and any other present or
future federal, state, local or foreign statute, ordinance, rule, regulation,
order, judgment, decree, permit, license or other binding determination of any
Governmental Authority imposing liability or establishing standards of conduct
for protection of the environment.
“Environmental Liabilities
and Costs” means all liabilities, monetary obligations, Remedial Actions,
losses, damages, punitive damages, consequential damages, treble damages, costs
and expenses (including all reasonable fees, disbursements and expenses of
counsel, experts and consultants and costs of investigations and feasibility
studies), fines, penalties, sanctions and interest incurred as a result of any
claim or demand by any Governmental Authority or any third party, and which
relate to any environmental condition or a Release of Hazardous Materials from
or onto (i) any property presently or formerly owned or operated by any
Loan Party or any of its Subsidiaries or (ii) any facility which received
Hazardous Materials generated by any Loan Party or any of its
Subsidiaries.
“Environmental Lien”
means any Lien in favor of any Governmental Authority for Environmental
Liabilities and Costs.
“ERISA” means the
Employee Retirement Income Security Act of 1974, as amended, and any successor
statute of similar import, and regulations thereunder, in each case as in effect
from time to time. References to sections of ERISA shall be construed
also to refer to any successor sections.
“ERISA Affiliate”
means, with respect to any Person, any trade or business (whether or not
incorporated) which is a member of a group of which such Person is a member and
which would be deemed to be a “controlled group” within the meaning of Sections
414(b), (c), (m) and (o) of the Internal Revenue Code.
“Event of Default”
means any of the events set forth in Section 7.01.
“Exchange Act” means
the Securities Exchange Act of 1934, as amended.
“Excluded Taxes”
means, with respect to the Agent or any Lender , (a) taxes imposed on (or
measured by) its net income by the United States of America or by the
jurisdiction (or any political subdivision thereof) under the laws of which such
recipient is organized or in which its principal office is located or, in the
case of any Lender, the jurisdiction (or any political subdivision thereof) in
which its applicable lending office is located, (b) any branch profits taxes
imposed by the United States of America pursuant to Section 884 of the Internal
Revenue Code, or (c) any tax imposed on payments made by a Lender or the Agent
to its members or partners.
“Executive Officer”
means the chairman, president, chief executive officer or chief financial
officer of Group or any other officer of Group performing such
functions.
“Existing Xxxxx Fargo
Agreement” has the meaning set forth in the Recitals.
6
“Fiscal Year” means
the fiscal year of Group and its Subsidiaries ending on the last Saturday of
July of each year.
“Foreign Subsidiary”
means any Subsidiary of a Borrower that is organized under the law of a
jurisdiction other than the United States or any state or Governmental Authority
thereof.
“GAAP” means generally
accepted accounting principles in effect from time to time in the United States,
applied on a consistent basis.
“Governmental
Authority” means any nation or government, any Federal, state, city,
town, municipality, county, local or other political subdivision thereof or
thereto and any department, commission, board, bureau, instrumentality, agency
or other entity exercising executive, legislative, judicial, taxing, regulatory
or administrative powers or functions of or pertaining to
government.
“Group” has the
meaning specified therefor in the preamble hereto.
“Guarantor” means
(i) Xxxxxxxxxx.xxx, Inc., a Nevada corporation; (ii) each Subsidiary of
Group listed on Schedule 1.01(a) hereto; and (iii) each other Person which
guarantees all or any part of the Obligations, and “Guarantors” means all
of them, collectively.
“Guaranty” means a
guaranty in substantially the form of Exhibit A, made by a Guarantor in favor of
the Agent for the benefit of the Lenders, in which each such Guarantor
guaranties and becomes surety for the payment of all or any part of the
Obligations, pursuant to Section 6.01(c) or otherwise.
“Hazardous Materials”
means (a) any element, compound or chemical that is defined, listed or
otherwise classified as a contaminant, pollutant, toxic pollutant, toxic or
hazardous substances, extremely hazardous substance or chemical, hazardous
waste, special waste, or solid waste under Environmental Laws;
(b) petroleum and its refined products; (c) polychlorinated biphenyls;
and (d) any asbestos and asbestos-containing materials.
“Indebtedness” means,
without duplication, with respect to any Person, (i) all indebtedness of such
Person for borrowed money; (ii) all obligations of such Person for the
deferred purchase price of property or services other than, subject to (iii)
below, trade payables, payables to vendors or other account payables incurred in
the ordinary course of such Person’s business (iii) trade payables, payables to
vendors or other accounts payable incurred in the ordinary course of such
Person’s business which, for periods commencing after January 29, 2011, are past
due for more than 90 days after the date such payable was created; (iv) all
obligations of such Person evidenced by bonds, debentures, notes or other
similar instruments or upon which interest payments are customarily made;
(v) all obligations and liabilities of such Person created or arising under
any conditional sales or other title retention agreement with respect to
property used and/or acquired by such Person, even though the rights and
remedies of the lessor, seller and/or lender thereunder are limited to
repossession or sale of such property; (vi) all Capitalized Lease Obligations of
such Person; (vii) all obligations and liabilities, contingent or
otherwise, of such Person, in respect of letters of credit, acceptances and
similar facilities; (viii) all obligations and liabilities, calculated on a
basis reasonably satisfactory to the Agent and in accordance with accepted
practice, of such Person under Derivatives; (ix) all Contingent Obligations;
(x) liabilities incurred under Title IV of ERISA with respect to any
plan (other than a Multiemployer Plan) covered by Title IV of ERISA and
maintained for employees of such Person or any of its ERISA Affiliates;
(xi) withdrawal liability incurred under ERISA by such Person or any of its
ERISA Affiliates to any Multiemployer Plan; (xii) all other items which, in
accordance with GAAP, would be included as liabilities on the liability side of
the balance sheet of such Person; and (xiii) all obligations referred to in
clauses (i) through (xiii) of this definition of another Person secured by
(or for which the holder of such Indebtedness has an existing right, contingent
or otherwise, to be secured by) a Lien upon property owned by such Person, even
though such Person has not assumed or become liable for the payment of such
Indebtedness. The Indebtedness of any Person shall include the
Indebtedness of any partnership of or joint venture in which such Person is a
general partner or a joint venturer.
7
“Indemnified Matters”
has the meaning specified therefor in Section 9.17.
“Indemnified Taxes”
means all Taxes other than Excluded Taxes.
“Indemnitees” has the
meaning specified therefor in Section 9.17.
“Initial Maturity
Date” means July 30, 2013, or such earlier date on which the Loan shall
become due and payable, in whole, in accordance with the terms of this Agreement
and the other Loan Documents.
“Intellectual
Property” means, collectively, the Copyrights, Patents, Trademarks and
Licenses, as those terms are defined in the Security Agreement.
“Intercreditor Agreement”
means the Intercreditor Agreement, dated as of the Effective Date, by and
between the Agent and Xxxxx Fargo, and acknowledged by the
Borrowers.
“Interest Expense”
means, for any period, the consolidated interest expense of the
Borrowers.
“Internal Revenue
Code” means the Internal Revenue Code of 1986, as amended (or any
successor statute thereto), and the regulations thereunder.
“Inventory” means,
with respect to any Person, all goods and merchandise of such Person, including,
without limitation, all raw materials, work-in-process, packaging, supplies,
materials and finished goods of every nature used or usable in connection with
the shipping, storing, advertising or sale of such goods and merchandise,
whether now owned or hereafter acquired, and all such other property the sale or
other disposition of which would give rise to an Account Receivable, or
cash.
“Investment” means,
with respect to any Person, any investment by such Person in any other Person
(including Affiliates) in the form of loans, guarantees, advances, or capital
contributions (excluding (a) commission, travel, and similar advances to
officers and employees of such Person made in the ordinary course of business,
and (b) bona fide Accounts Receivable arising in the ordinary course of business
consistent with past practices), purchases or other acquisitions for
consideration of Indebtedness or Capital Stock, and any other items that are or
would be classified as investments on a balance sheet prepared in accordance
with GAAP.
8
“Joinder” has the
meaning specified therefor in Section 9.07(b).
“Lease” means any
lease of real property to which any Loan Party is a party as lessor or
lessee.
“Lender” has the
meaning specified therefor in the preamble hereto.
“Lien” means any
mortgage, deed of trust, pledge, lien (statutory or otherwise), security
interest, charge or other encumbrance or security or preferential arrangement of
any nature, including, without limitation, any conditional sale or title
retention arrangement, any Capitalized Lease and any assignment, deposit
arrangement or financing lease intended as, or having the effect of,
security.
“Loan” means the term
loan made by the Lenders to the Borrowers pursuant to
Section 2.02(a).
“Loan Documents” means
this Agreement, the Note, the Security Agreement and Intercreditor Agreement,
and all other agreements, instruments, and other documents executed and
delivered pursuant hereto or thereto or otherwise evidencing or securing the
Loan or other Obligation.
“Loan Parties” means
the Borrowers, collectively, and the Guarantors, collectively, and “Loan Party” means
each of them, individually.
“Material Adverse
Effect” means a material adverse effect on any of (i) the
operations, business, any material assets or properties, condition (financial or
otherwise) or prospects, of the Loan Parties taken as a whole, including,
without limitation, any material adverse deviation at any time from the business
plans delivered to the Agent pursuant to Section 6.01(a)(iv), the ability
of any Loan Party to perform any of its material obligations under any Loan
Document to which it is a party, (ii) the legality, validity or
enforceability of this Agreement or any other Loan Document, (iii) the
rights and remedies of the Agent and the Lenders under any Loan Document, or
(iv) the validity, perfection or priority of a Lien in favor of the Agent
for the benefit of the Lenders on any of the Collateral.
“Material Contract”
means (i) with respect to any Person, (x) each contract or agreement to which
such Person or any of its Subsidiaries is a party involving aggregate
consideration payable to or by such Person or such Subsidiary of $250,000 or
more in any calendar year (other than purchase orders in the ordinary course of
the business of such Person or such Subsidiary and other than contracts that by
their terms may be terminated by such Person or Subsidiary in the ordinary
course of its business upon less than 60 days’ notice without penalty or
premium) and (y) all other contracts or agreements material to the
business, operations, condition (financial or otherwise), performance or
properties of a Borrower or of the Loan Parties taken as a whole; (ii) any
agreements which involve, relate to or otherwise cover, the license, sale,
acquisition, disposition or development of any of the Borrowers’ Intellectual
Property or rights pertaining thereto, and (iii) any employment or consulting
agreement or other agreement with an Executive Officer which provides for base
and bonus compensation, fringe benefits, severance benefits, Change of Control
payments, parachute payments, or other payments, on a fixed or
contingent basis, that could result in the payment to such Executive
Officer of an amount in excess of $200,000 in any consecutive twelve (12) month
period.
9
“Maturity Date” means
July 30, 2014, or such earlier date on which the Loan shall become due and
payable, in whole, in accordance with the terms of this Agreement and the other
Loan Documents.
“Multiemployer Plan”
means a “multiemployer plan” as defined in Section 4001(a)(3) of ERISA for which
any Borrower or any ERISA Affiliate has contributed to, or has been obligated to
contribute to, at any time during the preceding six (6) years.
“Note” means the
promissory note of the Borrowers, substantially in the form of Exhibit B,
made jointly and severally payable to the order of Agent, evidencing the
Indebtedness resulting from the making by Lenders to the Borrowers of Loan and
delivered to such Agent pursuant to Article II, as such promissory note may be
amended, supplemented, restated, modified or extended from time to time, and any
promissory note or notes issued in exchange or replacement
therefor.
“Obligations” means
(i) the obligations of each Borrower to pay, as and when due and payable (by
scheduled maturity, required prepayment, acceleration, demand or otherwise), all
amounts from time to time owing by it in respect of the Loan Documents, whether
for principal, interest (including any interest that, but for the provisions of
the Bankruptcy Code, would have accrued), fees (including any fees that, but for
the provisions of the Bankruptcy Code, would have accrued), indemnification
payments, expense reimbursements (including any expense reimbursements that, but
for the provisions of the Bankruptcy Code, would have accrued), or otherwise,
and (ii) the obligations of each Borrower and each other Loan Party to perform
or observe all of its obligations from time to time existing under the Loan
Documents. Any reference in this Agreement or in the Loan Documents
to the Obligations shall include all amendments, changes, extensions,
modifications, renewals, replacements, substitutions, and supplements, thereto
and thereof, as applicable, both prior and subsequent to any proceeding or
voluntary case seeking to adjudicate it bankrupt or insolvent.
“Operating Lease
Obligations” means all obligations for the payment of rent for any real
or personal property under leases or agreements to lease, other than Capitalized
Lease Obligations.
“Other Taxes” means
any and all present or future transfer, stamp, documentary, excise, property or
other similar taxes, charges or levies arising from any payment made hereunder
or from the execution, delivery or enforcement of, or otherwise with respect to,
this Agreement or any other Loan Document.
“Parent” has the
meaning specified therefor in the preamble hereto.
“Participant” means a
commercial bank, financial institution, or other Person not an Affiliate of a
Lender, to which a Lender sells participating interests in its Obligations and
the other rights and interests of that Lender hereunder and under the other Loan
Documents subject to the terms and conditions of this Agreement and the other
Loan Documents.
10
“Patriot Act” has the
meaning set forth in Section 9.23.
“Payment Conditions”
means:
(a) Each
of the Agent and Xxxxx Fargo shall have received not less than ten (10) Business
Days’ prior written notice of the intent to make a prepayment of principal in
respect of the Loan in a minimum amount of $1,000,000 per each prepayment, which
notice shall specify the date of such prepayment or payment and the amount
intended to be prepaid or repaid;
(b) at
all times for the period thirty (30) days prior to the date such prepayment is
made, actual Availability (as defined in the Existing Xxxxx Fargo Agreement)
shall be greater than $5,000,000 and on the date of and for six (6) months after
giving effect to any such prepayment, pro forma Availability (as defined in the
Existing Xxxxx Fargo Agreement) shall be greater than $5,000,000;
(c) Each
of the Agent and Xxxxx Fargo shall have received a Pro Forma Compliance
Certificate (as defined in the Existing Xxxxx Fargo Agreement) demonstrating
that for all times for the period thirty (30) days prior to the date such
prepayment is made, actual Availability (as defined in the Existing Xxxxx Fargo
Agreement) shall be greater than $5,000,000 and on the date of and for six (6)
months after giving effect to any such prepayment, pro forma Availability (as
defined in the Existing Xxxxx Fargo Agreement) shall be greater than
$5,000,000;
(d) as
of the date of such prepayment and after giving effect thereto on a pro forma
basis, no “Default” or “Event of Default” as defined in the Existing Xxxxx Fargo
Agreement shall exist or have occurred and be continuing; and
(e)
as of the date of such prepayment and
after giving effect thereto on a pro forma basis, no Default or Event of Default
shall exist or have occurred and be continuing.
“PBGC” means the
Pension Benefit Guaranty Corporation or any successor thereto.
“Permitted Discretion”
means a determination made in good faith and in the exercise of reasonable (from
the perspective of a secured asset-based lender) business judgment.
“Permitted Holder”
means the persons listed on Schedule 1.01(d), and any Affiliate of any such
Person.
“Permitted
Indebtedness” means:
(a) any
Indebtedness owing to the Agent and the Lenders under this Agreement and the
other Loan Documents;
(b) Indebtedness
owing to Xxxxx Fargo under the Existing Xxxxx Fargo Agreement;
11
(c) Indebtedness
constituting purchase money obligations for fixed or capital assets, provided, however, that the
aggregate amount of all such Indebtedness at any one time outstanding shall not
exceed $500,000; (d)refinancing of Indebtedness referred to in clause (b) so
long as: (A) the terms and conditions of such refinancing (taken as a
whole) are not, in the Agent’s Permitted Discretion, materially more onerous to
the Loan Parties and their Subsidiaries taken as a whole than the terms and
conditions of the Indebtedness being refinanced, (B) such refinancing does not
result in an increase in the principal amount of the Indebtedness so refinanced,
(C) such refinancing does not result in a shortening of the average weighted
maturity of the Indebtedness so refinanced, (D) if the Indebtedness that is
refinanced was subordinated in right of payment to any of the Obligations, then
the terms and conditions of the refinancing must include subordination terms and
conditions that are at least as favorable to the Lenders as those that were
applicable to the refinanced Indebtedness, and (E) the refinancing is
non-recourse to any Loan Party other than any Loan Party which was obligated
with respect to the Indebtedness that was refinanced; and
(e) Capitalized
Lease Obligations to the extent permitted under Section 6.02(g).
“Permitted
Investments” means (i) marketable direct obligations issued or
unconditionally guaranteed by the United States Government or issued by any
agency thereof and backed by the full faith and credit of the United States, in
each case maturing within six (6) months from the date of acquisition thereof;
(ii) commercial paper, maturing not more than two hundred and seventy
(270) days after the date of issue rated P-1 by Moody’s or A-1 by Standard
& Poor’s; (iii) certificates of deposit maturing not more than two
hundred and seventy (270) days after the date of issue, issued by
commercial banking institutions and money market or demand deposit accounts
maintained at commercial banking institutions, each of which is a member of the
Federal Reserve System and has a combined capital and surplus and undivided
profits of not less than $500,000,000; (iv) repurchase agreements having
maturities of not more than ninety (90) days from the date of acquisition
which are entered into with major money center banks included in the commercial
banking institutions described in clause (iii) above and which are secured
by readily marketable direct obligations of the Government of the United States
of America or any agency thereof, (v) money market accounts maintained with
mutual funds having assets in excess of $2,500,000,000, and (vi) tax exempt
securities rated A or better by Moody’s or A+ or better by Standard &
Poor’s.
“Permitted Liens”
means:
(a) Liens
securing the Obligations or any Permitted Indebtedness;
(b) Liens
for taxes, assessments and governmental charges the payment of which is not
required under Section 6.01(d).
(c) Liens
imposed by law, such as carriers’, warehousemen’s, mechanics’, materialmen’s and
other similar Liens arising in the ordinary course of business and securing
obligations (other than Indebtedness for borrowed money), and which Liens either
(i) are for sums not yet delinquent, or (ii) are being contested in good faith
by proper proceedings which stay the imposition of any penalty, fine or Lien
resulting from the non-payment thereof and with respect to which adequate
reserves have been set aside for the payment thereof;
(d) Liens
existing on the Effective Date, as set forth on Schedule 6.02(b), but not the
extension of coverage thereof to other Property;
12
(e) deposits
and pledges securing (i) obligations incurred in respect of workers’
compensation, unemployment insurance or other forms of governmental insurance or
benefits, (ii) the performance of bids, tenders, leases, contracts,
including those for utilities (other than for the payment of money) and
statutory obligations or (iii) obligations on surety or appeal bonds, but only
to the extent such deposits or pledges are incurred or otherwise arise in the
ordinary course of business and secure obligations not past due;
and
(f) easements,
zoning restrictions and similar encumbrances on real property and minor
irregularities in the title thereto that do not (i) secure obligations for the
payment of money or (ii) materially impair the value of such property or
its use by any Loan Party or any of its Subsidiaries in the normal conduct of
such Person’s business.
“Person” means an
individual, corporation, limited liability company, partnership, association,
joint-stock company, trust, unincorporated organization, joint venture or
Governmental Authority.
“PIK Interest” has the
meaning specified therefor in Section 2.03(a).
“Post-Default Rate”
means a rate of interest per annum equal to eighteen percent (18%), inclusive of
PIK Interest and Regular Interest.
“Property” means any
right or interest in or to property of any kind whatsoever, whether real,
personal or mixed and whether tangible or intangible.
“Pro Rata Share” means
the percentage obtained by dividing (i) such Lender’s share of the Loan, by
(ii) the total unpaid principal amount of the Loan.
“Register” has the
meaning specified therefor in Section 9.07(d)
“Regular Interest” has
the meaning specified therefor in Section 2.03(a).
“Regulation T”, “Regulation U” and
“Regulation X”
mean, respectively, Regulations T, U and X of the Board or any successor, as the
same may be amended or supplemented from time to time.
“Release” means any
spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting,
escaping, leaching, seeping, migrating, dumping or disposing of any Hazardous
Material (including the abandonment or discarding of barrels, containers and
other closed receptacles containing any Hazardous Material) into the indoor or
outdoor environment, including ambient air, soil, surface or ground
water.
“Remedial Action”
means all actions taken to (i) clean up, remove, remediate, contain, treat,
monitor, assess, evaluate or in any other way address Hazardous Materials in the
indoor or outdoor environment; (ii) prevent or minimize a Release or threatened
Release of Hazardous Materials so they do not migrate or endanger or threaten to
endanger public health or welfare or the indoor or outdoor environment; (iii)
perform pre-remedial studies and investigations and post-remedial operation and
maintenance activities; or (iv) any other actions authorized by 42 U.S.C.
§ 9601.
13
“Reportable Event”
means an event described in Section 4043 of ERISA (other than an event for which
notice is automatically waived under the PBGC regulations or is otherwise not
subject to the provision for thirty (30) day notice to the PBGC under the
regulations promulgated under such Section).
“Restricted Payment”
has the meaning set forth in Section 6.02(h).
“Required Lenders”
means such Lender or Lenders whose Pro Rata Shares, at the time of such
determination, aggregate at least seventy-five percent (75%) of the
Obligations.
“SEC” means the United
States Securities and Exchange Commission.
“SEC Documents” as the
meaning set forth in Section 5.01(g).
“Security Agreement”
means, individually and collectively, the Security Agreement made and delivered
by each Loan Party in favor of the Agent for the benefit of the Lenders, each of
which shall be substantially in the form of Exhibit C hereto, as the same may be
amended, supplemented, restated, modified or extended from time to
time.
“Subsidiary” means,
with respect to any Person at any date, any corporation, limited or general
partnership, limited liability company, trust, association or other entity
(i) the accounts of which would be consolidated with those of such Person
in such Person’s consolidated financial statements if such financial statements
were prepared in accordance with GAAP or (ii) of which more than fifty
percent (50%) of (A) the outstanding Capital Stock having (in the absence
of contingencies) ordinary voting power to elect a majority of the board of
directors of such corporation, (B) the interest in the capital or profits
of such partnership or limited liability company or (C) the beneficial
interest in such trust or estate is, at the time of determination, owned or
controlled directly or indirectly through one or more intermediaries, by such
Person.
“Taxes” means any and
all present or future taxes, levies, imposts, duties, deductions, charges, fees,
restrictions, conditions or withholdings imposed, levied, collected, withheld or
assessed by any Governmental Authority.
“Termination Event”
means (i) a Reportable Event with respect to any Employee Plan, (ii) any event
that causes any Borrower or any of its ERISA Affiliates to incur liability under
Section 409, 502(i), 502(l), 515, 4062, 4063, 4064, 4069, 4201, 4204 or 4212 of
ERISA or Section 4971 or 4975 of the Internal Revenue Code, (iii) the
filing of a notice of intent to terminate an Employee Plan or the treatment of
an Employee Plan amendment as a termination under Section 4041 of ERISA,
(iv) the institution of proceedings by the PBGC to terminate an Employee
Plan, (v) the imposition of a Lien under
Section 4068 of ERISA or Section 412(n) of the Internal Revenue Code or
(vi) any other event or condition which might constitute grounds
under Section 4042 of ERISA for the termination of, or the appointment of a
trustee to administer, any Employee Plan.
“Uniform Commercial
Code” means the Uniform Commercial Code, as in effect from time to time
in New York.
“WARN” has the meaning
specified therefor in Section 5.01(i).
14
“Xxxxx Fargo” has the
meaning set forth in the Recitals.
SECTION
1.02. Terms
Generally The
definitions of terms herein shall apply equally to the singular and plural forms
of the terms defined. Whenever the context may require, any pronoun
shall include the corresponding masculine, feminine and neuter
forms. The words “include”, “includes” and “including” shall be
deemed to be followed by the phrase “without limitation”. The word
“will” shall be construed to have the same meaning and effect as the word
“shall”. Unless the context requires otherwise, (a) any definition of
or reference to any agreement, instrument or other document herein shall be
construed as referring to such agreement, instrument or other document as from
time to time amended, supplemented or otherwise modified (subject to any
restrictions on such amendments, supplements or modifications set forth herein),
(b) any reference herein to any Person shall be construed to include such
Person’s successors and assigns, (c) the words “herein”, “hereof” and
“hereunder”, and words of similar import, shall be construed to refer to this
Agreement in its entirety and not to any particular provision hereof, (d) all
references herein to Articles, Sections, Exhibits and Schedules shall be
construed to refer to Articles and Sections of, and Exhibits and Schedules to,
this Agreement and (e) the words “asset” and “property” shall be construed to
have the same meaning and effect and to refer to any and all tangible and
intangible assets and properties, including cash, securities, accounts and
contract rights. References in this Agreement to “determination” by
the Agent include good faith estimates by the Agent (in the case of quantitative
determinations) and good faith beliefs by the Agent (in the case of qualitative
determinations).
SECTION
1.03. Accounting and Other
Terms Unless
otherwise expressly provided herein, each accounting term used herein shall have
the meaning given it under GAAP; provided, however, that if there occurs after
the date of this Agreement any change in GAAP that affects in any respect the
calculation of any financial covenant contained, the Agent (in its sole
discretion) and Administrative Borrower shall negotiate amendments to the
provisions of this Agreement that relate to the calculation of such covenant
with the intent of having the respective positions of the Lenders and the
Borrowers after such change in GAAP conform as nearly as possible to their
respective positions as of the date of this Agreement and, until any such
amendments have been agreed upon, such financial covenant shall be calculated as
if no such change in GAAP has occurred. All terms used in this
Agreement which are defined in Article 8 or Article 9 of the Uniform Commercial
Code in effect in the State of New York on the date hereof and which are not
otherwise defined herein shall have the same meanings herein as set forth
therein.
SECTION
1.04. Time References Unless
otherwise indicated herein, all references to time of day refer to Eastern
Standard Time, as in effect in New York, New York on such day. For
purposes of the computation of a period of time from a specified date to a later
specified date, the word “from” means “from and including” and the words “to”
and “until” each means “to but excluding”; provided, however, that with
respect to a computation of fees or interest payable to the Agent or any Lender,
such period shall in any event consist of at least one full day.
15
ARTICLE
II
THE
LOAN
SECTION
2.01. Secured Loan
The Loan
and all of the Obligations shall be secured by a first priority lien on and
security interest in the Intellectual Property of the Borrowers, and by a second
priority lien on and security interest in all other Property of the Borrowers,
in accordance with the terms and provisions of the Security Agreement and the
Intercreditor Agreement. Subject to the terms and conditions and
relying upon the representations and warranties herein set forth, the Lenders
severally agree to make the Loan to the Borrowers. Once repaid,
the Loan may not be re-borrowed.
SECTION
2.02. Note; Repayment of
Loan.
(a) The
Loan made by the Lenders (in the proportionate shares set forth opposite each
Lender’s name on Schedule 2.02 hereto) to the Borrowers shall be evidenced by
the Note, duly executed on behalf of the Borrowers, dated the Effective Date,
and delivered to and made payable to the order of the Agent, as arranger and
agent for the Lenders in the original principal amount of Seven Million Dollars
($7,000,000.00).
(b) Unless
otherwise required to be sooner paid pursuant to the provisions of this
Agreement, the outstanding principal amount of the Loan shall be due and payable
as follows: fifty percent (50%) of the outstanding principal balance
of the Loan shall be due and payable on the Initial Maturity Date, together with
all interest accrued thereon, and the outstanding principal balance of the Loan
shall be due and payable on the Maturity Date together with all accrued interest
thereon.
SECTION
2.03. Interest.
(a) Accrual of
Interest. Interest on the unpaid principal amount of the Loan
for the period commencing on the Effective Date until the Loan is paid in full
at the fixed rate of nine percent (9.0%) per annum (“Regular Interest”) and an
additional six percent (6.0%) per annum payment-in-kind (“PIK”) interest (“PIK
Interest”) shall accrue and compound annually on the unpaid principal amount of
the Loan and all outstanding and unpaid accrued interest for the period
commencing on the Effective Date until the Loan is paid in full. Upon and after
the occurrence of an Event of Default, all PIK Interest shall become due and
payable in the same manner and on the same dates as payments of Regular
Interest.
(b) Default
Interest. To the extent permitted by law, upon the occurrence
and during the continuance of an Event of Default, the principal of, and all
accrued and unpaid interest on, the Loan and all fees and indemnities of the
Borrowers under this Agreement, the Note and other Loan Documents shall bear
interest, from the date such Event of Default occurred until such Event of
Default is cured or waived in writing in accordance herewith, at a rate per
annum equal at all times to the Post-Default Rate.
16
(c) Interest
Payment. Subject to paragraph (e) of this
Section 2.03, Regular Interest on the Loan shall be payable quarterly, in
arrears, on the first day of each calendar quarter, commencing on the first day
of October, 2010 and at maturity (whether upon demand, by acceleration or
otherwise). Interest at the Post-Default Rate shall be payable
monthly, in arrears, on the first day of each month and at maturity (whether
upon demand, by acceleration or otherwise). PIK Interest shall be
payable on the Initial Maturity Date and on the Maturity Date provided, however,
that Borrowers shall have the right, at the end of any calendar quarter, to pay
all or any portion of the then accrued PIK Interest.
(d) General. All
interest shall be computed on the basis of a year of 360 days for the actual
number of days, including the first day but excluding the last day,
elapsed.
(e) Prepayments. The
Borrowers may prepay the Loan at any time; provided, however, that: (i) so
long as the Discharge of Revolving Loan Debt (as defined in the Intercreditor
Agreement) has not occurred, the Payment Conditions shall have been satisfied,
as determined by the Permitted Discretion of Xxxxx Fargo, and (ii) any
prepayment shall be accompanied by a prepayment fee in an amount equal to two
percent (2.0%) of the amount of principal prepaid during the first twelve (12)
months of the term of the Loan, and by a prepayment fee in an amount equal to
one percent (1.0%) of the amount of principal prepaid during months 13 through
36 of the term of the Loan.
ARTICLE
III
FEES,
PAYMENTS AND OTHER COMPENSATION
SECTION
3.01. Payments; Computations and
Statements The
Borrowers will make each payment under the Loan not later than 1:00 p.m.
(New York, New York time) on the day when due, in lawful money of the United
States of America and in immediately available funds, to the Agent at the
Agent’s Account. All payments received by the Agent after
1:00 p.m. (New York, New York time) on any Business Day will be credited to
the Agent’s Account on the next succeeding Business Day. All payments
shall be made by the Borrowers without defense, set-off or counterclaim to the
Agent and the Lenders. After receipt, the Agent will promptly
thereafter cause to be distributed like funds relating to the payment of
principal ratably to the Lenders in accordance with their Pro Rata Shares and
like funds relating to the payment of any other amount payable to any Lender to
such Lender, in each case to be applied in accordance with the terms of this
Agreement, provided that the Agent will cause to be distributed all interest and
fees received from or for the account of the Borrowers not less than once each
month and in any event promptly after receipt thereof. Whenever any
payment to be made under any such Loan Document shall be stated to be due on a
day other than a Business Day, such payment shall be made on the next succeeding
Business Day and such extension of time shall in such case be included in the
computation of interest or fees, as the case may be. All computations
of fees shall be made by the Agent on the basis of a year of three hundred and
sixty (360) days for the actual number of days (including the first day but
excluding the last day) occurring in the period for which such fees are
payable. Each determination by the Agent of an interest rate or fees
hereunder shall be presumptive evidence of such rates and fees for all purposes
in the absence of manifest error.
17
SECTION
3.02. Closing Fee
The
Borrowers shall pay to the Agent for the account of the Lenders in accordance
with their Pro Rata Shares a non-refundable closing fee (the “Closing Fee”)
equal to Two Hundred Eighty Thousand Dollars ($280,000.00) which shall be fully
earned and payable on the Effective Date.
SECTION
3.03. Taxes. (a) All
payments made by the Borrowers hereunder, under the Note or under any other Loan
Document shall be made without set-off, counterclaim, deduction or other
defense. All such payments shall be made free and clear of and without deduction
for any Indemnified Taxes or Other Taxes. If the Borrowers shall be
required by law to deduct or to withhold any Indemnified Taxes from or in
respect of any amount payable hereunder,
(i)
the amount so payable shall be
increased to the extent necessary so that after making all required deductions
and withholdings (including Taxes on amounts payable to the Lenders or the Agent
pursuant to this sentence) the Lenders and the Agent receive an amount equal to
the sum they would have received had no such deductions or withholdings been
made,
(ii)
the Borrowers shall make such deductions or
withholdings, and
(iii) the
Borrowers shall pay the full amount deducted or withheld to the relevant
taxation authority in accordance with applicable law. Whenever any Indemnified
Taxes or Other Taxes are payable by the Borrowers, as promptly as possible
thereafter, Administrative Borrower shall send the Lenders and the Agent an
official receipt (or, if an official receipt is not available, such other
documentation as shall be reasonably satisfactory to the Lenders or the Agent,
as the case may be) showing payment.
(b) The
Borrowers shall pay and hereby agree to indemnify and hold the Lenders and the
Agent harmless from and against all Indemnified Taxes and Other Taxes
(including, without limitation, any Taxes or Other Taxes imposed by any
jurisdiction on amounts payable under this Section 3.03) paid by any Lender and
any liability (including penalties, interest and expenses for nonpayment, late
payment or otherwise) arising therefrom or with respect thereto, whether or not
such Indemnified Taxes or Other Taxes were correctly or legally asserted. This
indemnification shall be paid within 30 days from the date on which such Lender
makes written demand which demand shall identify the nature and amount of
Indemnified Taxes or Other Taxes for which indemnification is being sought and
the basis of the claim.
SECTION
3.04. Apportionment of
Payments After the
occurrence and during the continuance of an Event of Default, the Agent may, and
upon the direction of the Required Lenders shall, apply all payments in respect
of any Obligations and all proceeds of the Collateral, subject to the provisions
of this Agreement (i) first, to pay the
Obligations in respect of any fees, expense reimbursements, indemnities and
other amounts then due to the Agent until paid in full; (ii) second, to pay the
Obligations in respect of any fees and indemnities then due to the Lenders until
paid in full; (iii) third, ratably to pay
interest due in respect of the Loan and Agent Advances until paid in full; (iv)
fourth, to
pay principal of Agent Advances until paid in full; (vi) fifth, ratably to pay
principal of the Loan until paid in full; (vii) sixth, to the ratable
payment of all other Obligations then due and payable; and (vii) seventh, to the
Borrowers or such other Person entitled thereto under applicable
law.
18
SECTION
3.05. Joint and Several Liability
of the Borrowers.
(a) Notwithstanding
anything in this Agreement or any other Loan Document to the contrary, each of
the Borrowers hereby accepts joint and several liability hereunder and under the
other Loan Documents in consideration of the financial accommodations to be
provided by the Agent and the Lenders under this Agreement and the other Loan
Documents, for the mutual benefit, directly and indirectly, of each of the
Borrowers and in consideration of the undertakings of the other Borrower to
accept joint and several liability for the Obligations. Each of the
Borrowers, jointly and severally, hereby irrevocably and unconditionally
accepts, not merely as a surety but also as a co-debtor, joint and several
liability with the other Borrowers, with respect to the payment and performance
of all of the Obligations (including, without limitation, any Obligations
arising under this Section 3.05), it being the intention of the parties hereto
that all the Obligations shall be the joint and several obligations of each of
the Borrowers without preferences or distinction among them. If and
to the extent that any of the Borrowers shall fail to make any payment with
respect to any of the Obligations as and when due or to perform any of the
Obligations in accordance with the terms thereof, then in each such event the
other Borrowers will make such payment with respect to, or perform, such
Obligation. Subject to the terms and conditions hereof, the
Obligations of each of the Borrowers under the provisions of this Section 3.05
constitute the absolute and unconditional, full recourse Obligations of each of
the Borrowers enforceable against each such Person to the full extent of its
properties and assets, irrespective of the validity, regularity or
enforceability of this Agreement, the other Loan Documents or any other
circumstances whatsoever.
(b) The
provisions of this Section 3.05 are made for the benefit of the Agent, the
Lenders and their successors and assigns, and may be enforced by them from time
to time against any or all of the Borrowers as often as occasion therefor may
arise and without requirement on the part of the Agent, the Lenders or such
successors or assigns first to marshal any of its or their claims or to exercise
any of its or their rights against any of the other Borrowers or to exhaust any
remedies available to it or them against any of the other Borrowers or to resort
to any other source or means of obtaining payment of any of the Obligations
hereunder or to elect any other remedy. The provisions of this
Section 3.05 shall remain in effect until all of the Obligations shall have been
paid in full or otherwise fully satisfied.
(c) Each
of the Borrowers hereby agrees that it will not enforce any of its rights of
contribution or subrogation against the other Borrowers with respect to any
liability incurred by it hereunder or under any of the other Loan Documents, any
payments made by it to the Agent or the Lenders with respect to any of the
Obligations or any Collateral until such time as all of the Obligations (other
than unasserted contingent indemnification Obligations) have been paid in full
in cash. Any claim which any Borrower may have against any other
Borrower with respect to any payments to the Agent or the Lenders hereunder or
under any other Loan Documents are hereby expressly made subordinate and junior
in right of payment, without limitation as to any increases in the Obligations
arising hereunder or thereunder, to the prior payment in full in cash of the
Obligations.
19
ARTICLE
IV
CONDITIONS
TO LOAN
SECTION
4.01. Conditions Precedent to
Effectiveness This
Agreement shall become effective as of the Business Day (the “Effective
Date”) when each of the following conditions precedent shall have been satisfied
in a manner satisfactory to the Agent:
(a) Payment of Fees,
Etc. The Borrowers shall have paid on or before the
date of this Agreement all fees, costs, expenses and taxes then payable pursuant
to Sections 3.02 and 9.04.
(b) Representations and
Warranties; No Event of Default. The following statements
shall be true and correct: (i) the representations and
warranties contained in Article V and in each other Loan Document,
certificate or other writing delivered to the Agent or the Lenders pursuant
hereto or thereto on or prior to the Effective Date are true and correct on and
as of the Effective Date as though made on and as of such date (except to the
extent that such representations and warranties relate solely to an earlier
date) and (ii) no Default or Event of Default shall have occurred and be
continuing on the Effective Date or would result from this Agreement or the
other Loan Documents becoming effective in accordance with its or their
respective terms.
(c) Legality. The
making of the Loan shall not contravene any law, rule or regulation applicable
to the Agent or the Lenders.
(d) Delivery of
Documents. The Agent shall have received on or before the
Effective Date the following, each in form and substance satisfactory to the
Agent and, unless indicated otherwise, dated the Effective Date:
(i) a
Note payable to the order of the Agent duly executed by the
Borrowers;
(ii) the
Security Agreement duly executed by each of the Borrowers;
(iii) the
Intercreditor Agreement duly executed by the Agent and Xxxxx
Fargo;
(iv) a
Guaranty duly executed by Xxxxxxxxxx.xxx, Inc.;
(v) a
copy of the resolutions of each Loan Party, certified as of the Effective Date
by an Authorized Officer thereof, authorizing (A) the Loan and the
transactions contemplated by the Loan Documents to which such Loan Party is or
will be a party, and (B) the execution, delivery and performance by such
Loan Party of each Loan Document and the execution and delivery of the other
documents to be delivered by such Person in connection herewith and
therewith;
(vi) a
certificate of an Authorized Officer of each Loan Party, certifying the names
and true signatures of the representatives of such Loan Party authorized to sign
each Loan Document to which such Loan Party is or will be a party and the other
documents to be executed and delivered by such Loan Party in connection herewith
and therewith, together with evidence of the incumbency of such authorized
officers;
20
(vii) a
certificate of the appropriate official(s) of the state of organization and each
state of foreign qualification of each Loan Party certifying as to the
subsistence in good standing of, and the payment of taxes by, such Loan Party in
such states, together with confirmation by telephone or telegram (where
available) on the Effective Date from such official(s) as to such
matters;
(viii) a
true and complete copy of the charter, certificate of formation, certificate of
limited partnership or other publicly filed organizational document of each Loan
Party, certified as of a date not more than thirty (30) days prior to the
Effective Date by an appropriate official of the state of organization of such
Loan Party;
(ix)
a copy of the by-laws, limited liability company
agreement, operating agreement, agreement of limited partnership or other
organizational document of each Loan Party, together with all amendments
thereto, certified as of the Effective Date by an Authorized Officer of such
Loan Party;
(x) an
opinion of Xxxxxxxx Xxxxxx, counsel to the Loan Parties, as to such matters as
the Agent may reasonably request;
(xi) a
certificate of an Authorized Officer of each Loan Party, certifying as to the
matters set forth in subsection (b) of this Section 4.01;
(xii) certified
copies of request for copies of information on Form UCC-1, listing all effective
financing statements which name as debtor any Loan Party and which are filed in
the offices specified by the Agent, together with copies of such financing
statements, none of which, except as otherwise agreed in writing by the Agent,
shall cover any of the Collateral and the results of searches for any tax Lien
and judgment Lien filed against such Person or its property, which results,
except as otherwise agreed to in writing by the Agent, shall not show any such
Liens;
(xiii) a
certificate of the chief financial officer of each Loan Party with respect to
the matters set forth in Section 5.01(t) hereto, which certificate shall be in
form and substance satisfactory to the Agent;
(xiv) evidence
of the insurance coverage required by Section 6.01(h) and such other
insurance coverage with respect to the business and operations of the Loan
Parties as the Agent may reasonably request, in each case, where requested by
the Agent, with such endorsements as to the additional insureds or loss payees
thereunder as the Agent may request and providing that such policy may be
terminated or canceled (by the insurer or the insured thereunder) only upon
30 days’ prior written notice to the Agent and each such named insured or
loss payee, together with evidence of the payment of all premiums due in respect
thereof for such period as the Agent may request; and
(xv) a
true and correct copy of a duly executed amendment to the Existing Xxxxx Fargo
Agreement, in form and substance satisfactory to the Agent; and
21
(xvi) such
other agreements, instruments, approvals, opinions and other documents, each
satisfactory to the Agent in form and substance, as the Agent may reasonably
request.
(e) Material Adverse
Change. The Agent shall have determined, in its sole judgment
exercised reasonably and after giving effect to the transactions contemplated
hereby and by the other Loan Documents, that no material adverse change shall
have occurred in the business, operations, condition (financial or otherwise),
properties or prospects of any Loan Party since April 24, 2010.
(f) Due
Diligence. The Agent shall have completed its financial and
legal due diligence with respect to each Loan Party and the Collateral and the
results thereof shall be acceptable to the Agent, in its sole and absolute
discretion exercised in good faith.
(g) Proceedings; Receipt of
Documents. All proceedings in connection with the making of
the Loan and the other transactions contemplated by this Agreement and the other
Loan Documents, and all documents incidental hereto and thereto, shall be
reasonably satisfactory to the Agent and its counsel, and the Agent and such
counsel shall have received all such information and such counterpart originals
or certified or other copies of such documents as the Agent or such counsel may
reasonably request.
ARTICLE
V
REPRESENTATIONS
AND WARRANTIES
SECTION
5.01. Representations and
Warranties Each
Borrower hereby represents and warrants to the Agent and the Lenders as
follows:
(a) Organization, Good Standing,
Etc. Each Loan Party (i) is a corporation, limited
liability company or limited partnership duly organized, validly existing and in
good standing under the laws of the state of its organization, (ii) has all
requisite power and authority to conduct its business as now conducted and as
presently contemplated and, in the case of the Borrowers, to borrow the Loan as
provided for herein, and to execute and deliver each Loan Document to which it
is a party, and to consummate the transactions contemplated thereby, and (iii)
is duly authorized or qualified to do business and is in good standing in each
jurisdiction in which the character of the properties owned or leased by it or
in which the transaction of its business makes such qualification necessary
except where the failure to be qualified or in good standing could not
reasonably be expected to have, either individually or in the aggregate, a
Material Adverse Effect.
(b) Authorization,
Etc. The execution, delivery and performance by each
Loan Party of each Loan Document to which it is or will be a party, (i) have
been duly authorized by all necessary action, (ii) do not and will not
contravene its charter or by-laws, its limited liability company or operating
agreement or its certificate of partnership or partnership agreement, as
applicable, any applicable law, any Material Contract or any agreement,
instrument or other document evidencing, governing or securing any Indebtedness
of such Loan Party, (iii) do not and will not contravene any other agreement,
instrument or document binding on or otherwise affecting it or any of its
properties, to the extent the obligation thereunder is material or to the extent
such contravention (either individually or in the aggregate) could reasonably be
expected to have a Material Adverse Effect, (iv) do not and will not result in
or require the creation of any Lien (other than pursuant to any Loan Document)
upon or with respect to any of its properties, and (v) do not and will not
result in any suspension, revocation, impairment, forfeiture or non-renewal of
any permit, license, authorization or approval applicable to its operations or
any of its properties, except where such suspension, revocation, impairment,
forfeiture or non-renewal could not reasonably be expected to have, either
individually or in the aggregate, a Material Adverse Effect.
22
(c) Governmental
Approvals. No authorization or approval or other action by,
and no notice to or filing with, any Governmental Authority is required in
connection with the due execution, delivery and performance by any Loan Party of
any Loan Document to which it is or will be a party.
(d) Execution and Binding
Effect. Each of the Loan Documents required to be executed and
delivered on or prior to the date hereof has been duly and validly executed and
delivered by each of the Loan Parties which is a party thereto and constitute
legal, valid and binding obligations of each of the Loan Parties which is a
party thereto enforceable in accordance with the terms hereof or
thereof. Each Loan Document that is not required to be executed and
delivered by any Loan Party prior to the Effective Date, when executed and
delivered, will be validly executed and delivered by the Loan Party thereto, and
will constitute legal, valid and binding obligations of the Loan Party thereto,
enforceable in accordance with the terms thereof.
(e) Subsidiaries. Schedule
5.01(e) is a complete and correct description of the name, jurisdiction of
incorporation and ownership of the outstanding Capital Stock of such
Subsidiaries of Group in existence on the date hereof. All of the
issued and outstanding Capital Stock of such Subsidiaries has been validly
issued and are fully paid and nonassessable, and the holders thereof are not
entitled to any preemptive, first refusal or other similar
rights. Except as indicated on such Schedule, all such Capital Stock
is owned by Group or one or more of its wholly-owned Subsidiaries, free and
clear of all Liens. Schedule 5.01(e) identifies all Domestic Subsidiaries and
Foreign Subsidiaries, and includes a brief description of the nature and type of
business conducted by the Foreign Subsidiaries and certain financial
information.
(f) Litigation; Commercial Tort
Claims. Except as set forth in Schedule 5.01(f), (i)
there is no pending or, to the knowledge of any Loan Party, threatened action,
suit or proceeding affecting any Loan Party before any court or other
Governmental Authority or any arbitrator that (A) either individually or in
the aggregate could reasonably be expected to have a Material Adverse Effect or
(B) relates to this Agreement, the Note or any other Loan Document or any
transaction contemplated hereby or thereby and (ii) as of the Effective Date,
none of the Loan Parties holds any commercial tort claim for more than $50,000
in respect of which a claim has been filed in a court of law or a written notice
by an attorney has been given to a potential defendant.
23
(g) SEC Documents and Financial
Condition.
(i) Since
April 24, 2010, no event or development has occurred that has had or could,
either individually or in the aggregate, reasonably be expected to have a
Material Adverse Effect.
(ii) SEC Documents; Financial
Statements. Except as disclosed in Schedule 5.01(g),
during the two (2) years prior to the date hereof, Group has filed all reports,
schedules, forms, statements and other documents required to be filed by it with
the SEC pursuant to the reporting requirements of the Exchange Act (all of the
foregoing filed prior to the date hereof and all exhibits included therein and
financial statements, notes and schedules thereto and documents incorporated by
reference therein being hereinafter referred to as the “SEC
Documents”). As of their respective dates, the SEC Documents complied
in all material respects with the requirements of the Exchange Act and the rules
and regulations of the SEC promulgated thereunder applicable to the SEC
Documents, and none of the SEC Documents, at the time they were filed with the
SEC, contained any untrue statement of a material fact or omitted to state a
material fact required to be stated therein or necessary in order to make the
statements therein, in the light of the circumstances under which they were
made, not misleading, other than as may have been subsequently restated or
amended in an amended or subsequent report. As of their respective
dates, the consolidated financial statements of Group included in the SEC
Documents complied as to form in all material respects with applicable
accounting requirements and the published rules and regulations of the SEC with
respect thereto. Such financial statements have been prepared in
accordance with GAAP, during the periods involved (except (i) as may be
otherwise indicated in such financial statements or the notes thereto, or (ii)
in the case of unaudited interim statements, to the extent they may exclude
footnotes or may be condensed or summary statements) and fairly present in all
material respects the consolidated financial position of Group as of the
dates thereof and the consolidated results of its operations and cash flows for
the periods then ended (subject, in the case of unaudited statements, to normal
year-end audit adjustments). No other information provided by or on
behalf of Group to the Agent which is not included in the SEC
Documents, contains any untrue statement of a material fact or omits to state
any material fact necessary in order to make the statements therein, in the
light of the circumstance under which they are or were made, not
misleading.
(iii) Foreign Corrupt
Practices. Neither the Group nor any of the Borrowers, nor to
the knowledge of Group, any director, officer, agent, employee or other Person
acting on behalf of Group or any of the Borrowers has, in the course of
its actions for, or on behalf of, Group or any of the Borrowers (i) used any
corporate funds for any unlawful contribution, gift, entertainment or other
unlawful expenses relating to political activity; (ii) made any direct or
indirect unlawful payment to any foreign or domestic government official or
employee from corporate funds; (iii) violated or is in violation of any
provision of the U.S. Foreign Corrupt Practices Act of 1977, as amended; or (iv)
made any unlawful bribe, rebate, payoff, influence payment, kickback or other
unlawful payment to any foreign or domestic government official or
employee.
(iv) Xxxxxxxx-Xxxxx
Act. Group is in compliance with any and all applicable
requirements of the Xxxxxxxx-Xxxxx Act of 2002 that are effective as of the date
hereof, and any and all applicable rules and regulations promulgated by the SEC
thereunder that are effective as of the date hereof.
24
(v) Internal Accounting and
Disclosure Controls. Group maintains disclosure controls and
procedures (as such term is defined in Rule 13a-15 under the Exchange Act)
designed to ensure that information required to be disclosed by Group in
the reports that it files or submits under the Exchange Act is recorded,
processed, summarized and reported, within the time periods specified in the
rules and forms of the SEC, including, without limitation, controls and
procedures designed to ensure that information required to be disclosed by Group
in the reports that it files or furnishes under the Exchange Act is accumulated
and communicated to Group's management, including its principal executive
officer or officers and its principal financial officer or officers, as
appropriate, to allow timely decisions regarding required
disclosure.
(vi) Off Balance Sheet
Arrangements. There is no transaction, arrangement, or other
relationship between Group and an unconsolidated or other off balance sheet
entity that is required to be disclosed by Group in its Exchange Act filings and
is not so disclosed or that otherwise would be reasonably likely to have a
Material Adverse Effect.
(h) Compliance with Laws,
Etc. No Loan Party is in violation of (i) its organizational
documents, (ii) any law, rule, regulation, judgment or order of any Governmental
Authority applicable to it or any of its material property or assets, or (iii)
any term of any agreement or instrument (including, without limitation, any
Material Contract) binding on or otherwise affecting it or any of its
properties, except in the case of clauses (ii) or (iii), where such violation
could not reasonably be expected to have a Material Adverse Effect (either
individually or in the aggregate).
(i) ERISA. Except
as set forth on Schedule 5.01(i), (i) each Employee Plan is in substantial
compliance with ERISA and the Internal Revenue Code, (ii) no Termination
Event has occurred nor is reasonably expected to occur with respect to any
Employee Plan, (iii) the most recent annual report (Form 5500 Series) with
respect to each Employee Plan, including any required Schedule B (Actuarial
Information) thereto, copies of which have been filed with the Internal Revenue
Service and delivered to the Agent, is complete and correct and fairly presents
the funding status of such Employee Plan, and since the date of such report
there has been no material adverse change in such funding status, (iv) no
Employee Plan had an accumulated or waived funding deficiency or permitted
decreases which would create a deficiency in its funding standard account or has
applied for an extension of any amortization period within the meaning of
Section 412 of the Internal Revenue Code at any time during the previous
sixty (60) months, and (v) no Lien imposed under the Internal Revenue
Code or ERISA exists or is likely to arise on account of any Employee Plan
within the meaning of Section 412 of the Internal Revenue Code at any time
during the previous sixty (60) months. Except as set forth on
Schedule 5.01(i), none of the Loan Parties or any of their ERISA Affiliates have
incurred any withdrawal liability under ERISA with respect to any Multiemployer
Plan, or are aware of any facts indicating that the Loan Parties or any of their
ERISA Affiliates may in the future incur any such withdrawal
liability. Except as set forth on Schedule 5.01(i), there is no claim
against any employee benefit plan (as defined in Section 3.(3) of ERISA)
sponsored or maintained by any Loan Party (except routine individual claims for
benefits) that could reasonably be expected to have a Material Adverse
Effect. Except as required by Section 4980B of the Internal Revenue
Code or Section 601 of ERISA, none of the Loan Parties or any of their ERISA
Affiliates maintains an employee welfare benefit plan (as defined in Section
3(1) of ERISA) which provides health or welfare benefits (through the purchase
of insurance or otherwise) for any retired or former employee of any Loan Party
or any of its ERISA Affiliates or coverage after a participant’s termination of
employment. None of the Loan Parties or any of their ERISA Affiliates
has incurred any liability or obligation under the Worker Adjustment and
Retraining Notification Act (“WARN”) or similar state law, which remains unpaid
or unsatisfied. The hours worked and payments made to employees of
any Loan Party have not been in violation of the Fair Labor Standards Act or any
other applicable legal requirements. All material payments due from
any Loan Party on account of wages and employee health and welfare insurance and
other benefits have been paid or accrued as a liability on the books of such
Loan Party. No Loan Party or ERISA Affiliate has engaged in a
prohibited transaction, as defined in Section 4975 of the Internal Revenue Code,
in connection with any Plan, which would subject any Loan Party to a material
tax on prohibited transactions imposed by Section 4975 of the Internal Revenue
Code.
25
(j) Taxes,
Etc. All Federal, state and local tax returns and other
reports required by applicable law to be filed by any Loan Party have been
filed, or extensions have been obtained, and all taxes, assessments and other
governmental charges imposed upon any Loan Party or any property of any Loan
Party and which have become due and payable on or prior to the date hereof have
been paid, except to the extent contested in good faith by proper proceedings
which stay the imposition of any penalty, fine or Lien resulting from the
non-payment thereof and with respect to which adequate reserves have been set
aside for the payment thereof.
(k) Regulation
U. None of the Loan Parties is nor will be engaged in the
business of extending credit for the purpose of purchasing or carrying margin
stock (within the meaning of Regulations T, U or X), and no proceeds of the Loan
will be used to purchase or carry any margin stock or to extend credit to others
for the purpose of purchasing or carrying any margin stock.
(l) Nature of
Business. None of the Loan Parties is engaged in any business
other than developing, producing and selling specialty apparel and related
products, and entering into licensing arrangements in connection
therewith.
(m) Adverse Agreements,
Etc. None of the Loan Parties is subject to any charter,
limited liability company agreement, partnership agreement or other corporate,
partnership or limited liability company restriction or any judgment, order,
regulation, ruling or other requirement of a court or other Governmental
Authority, which has, or in the future could reasonably be expected to have, a
Material Adverse Effect.
(n) Permits,
Etc. Each Loan Party has, and is in compliance with, all
material permits, licenses, authorizations, approvals, entitlements and
accreditations required for such Person lawfully to own, lease, manage or
operate, or to acquire, each business currently owned, leased, managed or
operated, or to be acquired, by such Person, except where the failure to have
any of the foregoing or the lack of compliance therewith, either individually or
in the aggregate, could not reasonably be expected to have a Material Adverse
Effect. No condition exists or event has occurred which, in itself or
with the giving of notice or lapse of time or both, would result in the
suspension, revocation, impairment, forfeiture or non-renewal of any such
permit, license, authorization, approval, entitlement or accreditation, and
there is no claim that any thereof is not in full force and effect, except where
such suspension, revocation, impairment, forfeiture or non-renewal, either
individually or in the aggregate, could not reasonably be expected to have a
Material Adverse Effect.
26
(o) Properties.
(i) Each
Loan Party has good and marketable title to, or valid leasehold interests in,
all property and assets material to its business, free and clear of all Liens
except Permitted Liens. The properties are in good working order and
condition, ordinary wear and tear excepted.
(ii) Schedule
5.01(o) sets forth a complete and accurate list as of the Effective Date, of the
location, by state and street address, of all real property owned or leased by
each Loan Party. As of the Effective Date, each Loan Party has valid
leasehold interests in the Leases described on Schedule 5.01(o) to which it is a
party. Schedule 5.01(o) sets forth with respect to each such Lease,
the commencement date, termination date, renewal options (if any) and annual
base rents. Each such Lease is valid and enforceable in accordance
with its terms in all material respects and is in full force and
effect. No consent or approval of any landlord or other third party
in connection with any material Lease is necessary for any Loan Party to enter
into and execute the Loan Documents to which it is a party, except as set forth
on Schedule 5.01(o). To the best knowledge of any Loan Party, no Loan
Party is in default of its obligations thereunder, and, except as set forth on
Schedule 5.01(o), no Loan Party (or any other party to any such Lease) has at
any time received any notice of default which remains uncured under any such
material Lease and, as of the Effective Date, no event has occurred which, with
the giving of notice or the passage of time or both, would constitute a default
by a Loan Party under any such material Lease.
(p) Full
Disclosure. Each Loan Party has disclosed to the Agent all
agreements, instruments and corporate or other restrictions to which it is
subject, and all other matters known to it, that, individually or in the
aggregate, could reasonably be expected to have a Material Adverse
Effect. None of the other reports, financial statements, certificates
or other written information furnished by or on behalf of any Loan Party to the
Agent in connection with the negotiation of this Agreement or delivered
hereunder (as modified or supplemented by other information so furnished)
contains any material misstatement of fact or omits to state any material fact
necessary to make the statements therein, in the light of the circumstances
under which it was made, not misleading; provided that, with
respect to projected financial information, each Loan Party represents only that
such information was prepared in good faith based upon assumptions believed to
be reasonable at the time (it being recognized by the Lenders that such
projections as to future events are not to be viewed as facts and that actual
results during the period or periods covered by any such projections may differ
from the projected results). There is no contingent liability or fact
known to such Loan Party that could reasonably be expected to have a Material
Adverse Effect which has not been set forth in a footnote included in the
financial statements or a schedule hereto.
27
(q) Environmental
Matters. Except as set forth on Schedule 5.01(q),
(i) the operations of each Loan Party are in compliance in all material
respects with Environmental Laws; (ii) there has been no Release at any of the
properties owned or operated by any Loan Party or a predecessor in interest, or
at any disposal or treatment facility which received Hazardous Materials
generated by any Loan Party or any predecessor in interest which, either
individually or in the aggregate, could reasonably be expected to have a
Material Adverse Effect; (iii) no Environmental Action has been asserted against
any Loan Party or any predecessor in interest nor does any Loan Party have
knowledge or notice of any threatened or pending Environmental Action against
any Loan Party or any predecessor in interest which, either individually or in
the aggregate, could reasonably be expected to have a Material Adverse Effect;
(iv) no Environmental Actions have been asserted against any facilities that may
have received Hazardous Materials generated by any Loan Party or any predecessor
in interest which, either individually or in the aggregate, could reasonably be
expected to have a Material Adverse Effect; (v) no property now or formerly
owned or operated by a Loan Party has been used as a treatment or disposal site
for any Hazardous Material; (vi) no Loan Party has failed to report to the
proper Governmental Authority any Release which is required to be so reported by
any Environmental Laws which, either individually or in the aggregate, could
reasonably be expected to have a Material Adverse Effect; (vii) each Loan
Party holds all licenses, permits and approvals required under any Environmental
Laws in connection with the operation of the business carried on by it, except
for such licenses, permits and approvals as to which a Loan Party’s failure to
maintain or comply with, either individually or in the aggregate, could not
reasonably be expected to have a Material Adverse Effect; and (viii) no Loan
Party has received any notification pursuant to any Environmental Laws that (A)
any work, repairs, construction or Capital Expenditures are required to be made
as a condition of continued compliance with any Environmental Laws, or any
license, permit or approval issued pursuant thereto or (B) any license, permit
or approval referred to above is about to be reviewed, made, subject to
limitations or conditions, revoked, withdrawn or terminated, in each case,
except as, either individually or in the aggregate, could not reasonably be
expected to have a Material Adverse Effect.
(r) Insurance. Each
Loan Party keeps its property adequately insured and maintains
(i) insurance to such extent and against such risks, including fire, as is
customary with companies in the same or similar businesses, (ii) workmen’s
compensation insurance in the amount required by applicable law,
(iii) public liability insurance, which shall include product liability
insurance, in the amount customary with companies in the same or similar
business against claims for personal injury or death on properties owned,
occupied or controlled by it, and (iv) such other insurance as may be
required by law or as may be reasonably required by the Agent (including,
without limitation, against larceny, embezzlement or other criminal
misappropriation). Schedule 5.01(r) sets forth a list of all
insurance maintained by each Loan Party on the Effective Date.
(s) Use of
Proceeds. The proceeds of the Loan shall be used solely (i) to
repay the Bridge Loan, and (ii) to finance working capital.
28
(t) Sufficient
Capital. After giving effect to the transactions contemplated
by this Agreement and before and after giving effect to the Loan: (i)
no Loan Party nor any of its Subsidiaries expects that final judgments against
any Loan Party or any of its Subsidiaries in actions for money damages with
respect to pending or, to its knowledge, threatened litigation will be rendered
at a time when, or in an amount such that, such Loan Party will be unable to
satisfy any such judgments promptly in accordance with their terms (taking into
account the maximum reasonable amount of such judgments in any such actions and
the earliest reasonable time at which such judgments might be rendered and the
cash available to each Loan Party or any of its Subsidiaries, after taking into
account all other payments on or in respect of Indebtedness and insurance
proceeds (including their Contingent Obligations)); (ii) no Loan Party or any of
its Subsidiaries has incurred or will incur Indebtedness beyond its ability to
pay such Indebtedness as such Indebtedness matures (taking into account the
timing and amounts of cash to be received by such Loan Party or any of its
Subsidiaries from any source, and of amounts to be payable on or in respect of
Indebtedness of such Loan Party or any of its Subsidiaries and the amounts
referred to in the preceding clause (i)); (iii) each Loan Party anticipates that
such Loan Party and each of its respective Subsidiaries, after taking into
account all other anticipated uses of the cash of such Loan Party or any of its
Subsidiaries, shall be able to pay all amounts on or in respect of Indebtedness
of such Loan Party or any of its Subsidiaries when such amounts are required to
be paid; and (iv) each Loan Party and each of its respective Subsidiaries will
have sufficient capital with which to conduct its present and presently proposed
business and the property of such Loan Party and each of its respective
Subsidiaries does not constitute unreasonably small capital with which to
conduct its present or proposed business.
(u) Intellectual
Property. Each Loan Party owns or licenses or otherwise has
the right to use all licenses, permits, trademarks, trademark applications,
patents, patent applications, service marks, trade names, copyrights, copyright
applications, franchises, authorizations and other intellectual property rights
that are necessary for the operation of its businesses, without infringement
upon or conflict with the rights of any other Person with respect thereto,
except for such infringements and conflicts which, individually or in the
aggregate, could not reasonably be expected to have a Material Adverse
Effect. Set forth on Schedule 5.01(u) is a complete and accurate
list as of the Effective Date of all trademarks, trademark applications, trade
names, material licenses, permits, patents, patent applications, service marks,
copyrights, copyright applications, franchises, authorizations and other
intellectual property rights of each Loan Party. No slogan or other
advertising device, product, process, method, substance, part or other material
now employed, or now contemplated to be employed, by any Loan Party infringes
upon or conflicts with any rights owned by any other Person, and no claim or
litigation regarding any of the foregoing is pending or threatened, except for
such infringements and conflicts which could not reasonably be expected to have,
individually or in the aggregate, a Material Adverse Effect. To the
best knowledge of each Loan Party, no statute, law, rule, regulation, standard
or code is pending or proposed, which, individually or in the aggregate, could
reasonably be expected to have a Material Adverse Effect on any license, permit,
trademark, trademark application, patent, patent application, service xxxx,
trade name, copyright, copyright application, franchise, authorization and/or
other intellectual property right owned or used by any Loan Party in or in
connection with its business. As of the date hereof, no Intellectual
Property material to the operation of the business of the Borrowers or any
Affiliate of the Borrowers is owned by any Person not a Loan Party.
(v) Material
Contracts. Set forth on Schedule 5.01(v) is a complete and
accurate list as of the Effective Date of all Material Contracts (other than
Loan Documents) of each Loan Party, showing the parties and subject matter
thereof and amendments and modifications thereto. Each such Material
Contract (i) is in full force and effect and is binding upon and
enforceable against each Loan Party that is a party thereto and, to the best
knowledge of such Loan Party, all other parties thereto in accordance with its
terms, (ii) has not been otherwise amended or modified, (iii) is not in
default due to the action of any Loan Party or (iv) to the best knowledge of any
Loan Party, is not in default due to the action of any other party thereto,
except to the extent any such default could not reasonably be expected to have a
Material Adverse Effect.
29
(w) Holding Company and
Investment Company Acts. None of the Loan Parties is
(i) a “holding company” or a “subsidiary company” of a “holding
company” or an “affiliate” of a “holding company”, as such terms are
defined in the Public Utility Holding Company Act of 1935, as amended, or
(ii) an “investment company” or an “affiliated person” or “promoter” of,
or “principal underwriter” of or for, an “investment company”, as such
terms are defined in the Investment Company Act of 1940, as
amended.
(x) Employee and Labor
Matters. (i) There is (A) no unfair labor practice
complaint pending or, to the best knowledge of any Loan Party, threatened
against any Loan Party before any Governmental Authority and no grievance or
arbitration proceeding pending or threatened against any Loan Party which arises
out of or under any collective bargaining agreement, (B) no strike, labor
dispute, slowdown, stoppage or similar action or grievance pending or threatened
against any Loan Party and (C) to the best knowledge of any Loan Party, no union
representation question existing with respect to the employees of any Loan Party
and no union organizing activity taking place with respect to any of the
employees of any of them.
(y) Name; Jurisdiction of
Organization; Organizational ID Number; Chief Place of Business; Chief Executive
Office; FEIN. Schedule 5.01(y) sets forth a complete and
accurate list as of the date hereof of (i) the exact legal name of each
Loan Party, (ii) the jurisdiction of organization of each Loan Party,
(iii) the organizational identification number of each Loan Party (or
indicates that such Loan Party has no organizational identification number),
(iv) each principal place of business of each Loan Party, (v) the
chief executive office of each Loan Party and (vi) the federal employer
identification number of each Loan Party.
(z) Security
Interests. Each Security Agreement creates in favor of the
Agent, for the benefit of the Lenders, a legal, valid and enforceable security
interest in the Collateral secured thereby, such that Lenders shall receive and
hold a first priority Lien on the Borrower’s Intellectual Property and a second
priority Lien on all other Property of the Borrowers. No further
recordings or filings are or will be required in connection with the creation,
perfection or enforcement of such security interests and Liens with respect to
Collateral that may be perfected by the filing of financing statements and
recordings in the United States Patent and Trademark Office and the United
States Copyright Office, other than (i) the filing of continuation
statements in accordance with applicable law, and (ii) the recording of the
Collateral Assignments for Security pursuant to each Security Agreement in the
United States Patent and Trademark Office and the United States Copyright
Office, as applicable, with respect to after-acquired U.S. patent and
trademark applications and registrations and U.S. copyrights.
(aa) Representations and
Warranties in Documents; No Default. All representations and
warranties set forth in this Agreement and the other Loan Documents are true and
correct in all respects at the time as of which such representations were made
and on the Effective Date (except to the extent that such representations and
warranties relate solely to an earlier date). No Event of Default has
occurred and is continuing and no condition exists which constitutes a Default
or an Event of Default under or with respect to the Loan Documents.
30
(bb) Transactions with
Affiliates. Except (i) as set forth on Schedule 5.01(bb), (ii)
transactions that are necessary or desirable for the prudent operation of its
business, are for fair consideration and on terms no less favorable to the Loan
Parties or their Subsidiaries than would be obtainable in a comparable arm’s
length transaction with a Person that is not an Affiliate thereof, have been
approved by the audit committee of the Board of Directors of Group and involve
the payment to the Affiliate of not more than $100,000 in any Fiscal Year or
(iii) transactions with another Loan Party, none of the Loan Parties nor any of
their Subsidiaries have entered into, or are parties to, any transaction or
series of transactions (including, without limitation, the purchase, sale,
lease, transfer or exchange of property or assets of any kind or the rendering
of services of any kind) with any Affiliate.
(cc) Equity
Capitalization. As of the date hereof, the authorized, issued
and outstanding capital stock of Group and shares reserved for issuance is set
forth on Schedule
5.01(cc). All of such shares set forth on Schedule 5.01(cc)
have been, or upon issuance will be, validly issued and are fully paid and
non-assessable. Except as disclosed in Schedule 5.01(cc):
(i) none of Group’s share capital is subject to preemptive rights or any other
similar rights or any liens or encumbrances suffered or permitted by Group; (ii)
there are no outstanding options, warrants, scrip, rights to subscribe to, calls
or commitments of any character whatsoever relating to, or securities or rights
convertible into, or exercisable or exchangeable for, any share capital of Group
or any of its Subsidiaries, or contracts, commitments, understandings or
arrangements by which Group or any of its Subsidiaries is or may become bound to
issue additional share capital of Group or any of its Subsidiaries or options,
warrants, scrip, rights to subscribe to, calls or commitments of any character
whatsoever relating to, or securities or rights convertible into, or exercisable
or exchangeable for, any share capital of Group or any of its Subsidiaries;
(iii) there are no outstanding debt securities, notes, credit agreements, credit
facilities or other agreements, documents or instruments evidencing Indebtedness
of Group or any of its Subsidiaries or by which Group or any of its Subsidiaries
is or may become bound; (iv) there are no financing statements securing
obligations in any material amounts, either singly or in the aggregate, filed in
connection with Group or any of its Subsidiaries; (v) there are no agreements or
arrangements under which Group or any of its Subsidiaries is obligated to
register the sale of any of their securities under the Securities Act of 1933,
as amended (the “1933 Act”) and for which Group or any of its Subsidiaries is or
could be subject to financial penalties for failure to either timely file or
have declared effective by the SEC, a registration statement under the 1933 Act;
(vi) there are no outstanding securities or instruments of Group or any of its
Subsidiaries which contain any redemption or similar provisions, and there are
no contracts, commitments, understandings or arrangements by which Group or any
of its Subsidiaries is or may become bound to redeem a security of Group or any
of its Subsidiaries; (vii) Group and its Subsidiaries have no
liabilities or obligations required to be disclosed in the SEC Documents but not
so disclosed in the SEC Documents, other than those incurred in the ordinary
course of Group's or its Subsidiaries' respective businesses and which,
individually or in the aggregate, do not or would not have a Material Adverse
Effect; and (viii) neither Group nor any of its Subsidiaries have received or
are currently subject to any comment letters issued by the SEC.
(dd) Schedules. All
of the information which is required to be scheduled to this Agreement is set
forth on the Schedules attached hereto, is correct and accurate in all material
respects and does not omit to state any information material
thereto.
31
ARTICLE
VI
COVENANTS
SECTION
6.01. Affirmative Covenants So long
as any principal of or interest on the Loan or any other Obligation (whether or
not due), shall remain unpaid, the Loan Parties will, unless the Required
Lenders shall otherwise consent in writing:
(a) Financial Statements,
Reports, Certificates. Deliver to the Agent, with copies to
each Lender:
(i) as
soon as available, but in any event within forty-five (45) days after the end of
each month during each of Group’s Fiscal Years:
(A)
company prepared financial statements containing such financial information as
is either distributed to Xxxxx Fargo or is utilized by management for internal
review and oversight of operations, covering the previous month;
(B) a
certificate signed by the chief financial officer of Group to the effect
that:
(1) the
financial statements delivered hereunder fairly present in all material respects
the financial condition of Group and its Subsidiaries,
(2) the
representations and warranties of the Borrowers contained in this Agreement and
the other Loan Documents are true and correct in all material respects on and as
of the date of such certificate, as though made on and as of such date (except
to the extent that any such representations and warranties expressly relate
solely to an earlier date, in which case such representations and warranties
were true and correct in all material respects on such earlier date),
and
(3) there
does not exist any condition or event that constitutes a Default or Event of
Default (or, to the extent of any non-compliance, describing such non-compliance
as to which he or she may have knowledge and what action the Borrowers have
taken, are taking, or propose to take with respect thereto);
(ii) as
soon as available, but in any event within forty-five (45) days after the end of
each quarter during each of Group’s Fiscal Years:
(A) a
company prepared consolidated balance sheet, income statement, and statement of
cash flow covering Group’s and its Subsidiaries’ operations during the previous
month;
(B) a
certificate signed by the chief financial officer of Group to the effect
that:
32
(1) the
financial statements delivered hereunder have been reviewed by an independent
certified public accountant reasonably acceptable to the Agent (and for this
purpose, MHM Xxxxxxx Xxxxx CPAs (the New York practice of Xxxxx Xxxxxxx XxXxxx
P.C.) is deemed acceptable to the Agent), and have been prepared in accordance
with GAAP (except for the lack of footnotes and being subject to year-end audit
adjustments) and fairly present in all material respects the financial condition
of Group and its Subsidiaries;
(2)
the representations and warranties of the Borrowers contained in this Agreement
and the other Loan Documents are true and correct in all material respects on
and as of the date of such certificate, as though made on and as of such date
(except to the extent that any such representations and warranties expressly
relate solely to an earlier date, in which case such representations and
warranties were true and correct in all material respects on such earlier
date),
(3)
there does not exist any condition or event that constitutes a Default or Event
of Default (or, to the extent of any non-compliance, describing such
non-compliance as to which he or she may have knowledge and what action the
Borrowers have taken, are taking, or propose to take with respect thereto);
and
(4) the computation
of the Debt Service Coverage Ratio attached to such certificate is true and
correct.
(iii) as
soon as available, but in any event within ninety (90) days after the end of
each of Group’s Fiscal Years:
(A) financial
statements of Group and its Subsidiaries for each such Fiscal Year, audited by
independent certified public accountants reasonably acceptable to Agent (and for
this purpose, MHM Xxxxxxx Xxxxx CPAs (the New York practice of Xxxxx Xxxxxxx
XxXxxx P.C.) is deemed acceptable to the Agent) and certified, without any
qualifications, by such accountants to have been prepared in accordance with
GAAP (such audited financial statements to include a balance sheet, income
statement, and statement of cash flow and, if prepared, such accountants’ letter
to management); and
(B) a
certificate signed by the chief financial officer of Group a containing a
computation of the Debt Service Coverage Ratio.
(iv) as
soon as available, but in any event within thirty (30) days prior to the start
of each of Group’s Fiscal Years, copies of the Borrowers’ business plan, in form
and substance (including as to scope and underlying assumptions and including
all anticipated Capital Expenditures, store openings, and store closings during
the covered period) satisfactory to the Agent, in its Permitted Discretion (the
“Business
Plan”), for the forthcoming year, month by month, certified by the chief
financial officer of Group as being such officer’s good faith best estimate of
the financial performance of Group and its Subsidiaries during the period
covered thereby (it being understood that (A) such information will be prepared
by Group in good faith based upon assumptions believed to be reasonable at the
time and based upon the best information then reasonably available to Group, and
(B) Agent may in its Permitted Discretion, but shall not be under any obligation
to, revise financial covenants set forth in Section 6.01(s) as a result of its
review of such business plans, and to the extent Borrowers’ results of
operations during the period covered by the Business Plan materially deviate
from the Business Plan for the period covered.
(v)
if and when filed by any Loan Party:
33
(A) Form
10-Q quarterly reports, Form 10-K annual reports, and Form 8-K current
reports,
(B) any
other filings made by any Loan Party with the SEC,
(C) copies
of the federal income tax returns of each Borrower, and any amendments thereto,
filed with the Internal Revenue Service, and
(D) any
other written information that is provided by Group to the holders of its
Capital Stock (as such) generally;
(vi) if
and when filed by any Borrower and as requested by Agent, evidence of payment
satisfactory to the Agent (in its Permitted Discretion) of applicable excise
taxes in each jurisdiction in (A) which any Borrower conducts business or is
required to pay any such excise tax, (B) where any Borrower’s failure to pay any
such applicable excise tax would result in a Lien on the properties or assets of
any Borrower, or (C) where any Borrower’s failure to pay any such applicable
excise tax, either individually or in the aggregate, could reasonably be
expected to result in a Material Adverse Effect;
(vii)
promptly after submission to any Government Authority unless prohibited by
applicable law, all documents and information furnished to such Government
Authority in connection with any investigation of any Loan Party other than
routine inquiries by such Governmental Authority;
(viii) as
soon as possible, and in any event within three days after the occurrence of an
Event of Default or Default or the occurrence of any event or development that
could reasonably be expected to have a Material Adverse Effect, the written
statement of an Authorized Officer setting forth the details of such Event of
Default, Default, other event or Material Adverse Effect and the action which
Group and its Subsidiaries propose to take with respect thereto;
(ix) (A)
as soon as possible and in any event (1) within ten (10) days after any Loan
Party or any ERISA Affiliate thereof knows or has reason to know that any
Termination Event described in clause (i) of the definition of Termination Event
with respect to any Employee Plan has occurred, (2) within ten (10) days after
any Borrower or any ERISA Affiliate thereof knows or has reason to know that any
other Termination Event with respect to any Employee Plan has occurred, or (3)
within ten (10) days after any Loan Party or any ERISA Affiliate thereof knows
or has reason to know that an accumulated funding deficiency has been incurred
or an application has been made to the Secretary of the Treasury for a waiver or
modification of the minimum funding standard (including installment payments) or
an extension of any amortization period under Section 412 of the Internal
Revenue Code with respect to an Employee Plan, a statement of an Authorized
Officer setting forth the details of such occurrence and the action, if any,
which such Loan Party or such ERISA Affiliate proposes to take with respect
thereto, (B) promptly and in any event within three days after receipt thereof
by any Loan Party or any ERISA Affiliate thereof from the PBGC, copies of each
notice received by any Loan Party or any ERISA Affiliate thereof of the PBGC’s
intention to terminate any Plan or to have a trustee appointed to administer any
Plan, (C) promptly and in any event within ten (10) days after the filing
thereof with the Internal Revenue Service if requested by the Agent, copies of
each Schedule B (Actuarial Information) to the annual report (Form 5500 Series)
with respect to each Employee Plan and Multiemployer Plan, (D) promptly and in
any event within ten (10) days after any Loan Party or any ERISA Affiliate
thereof knows or has reason to know that a required installment within the
meaning of Section 412 of the Internal Revenue Code has not been made when due
with respect to an Employee Plan, (E) promptly and in any event within three
days after receipt thereof by any Loan Party or any ERISA Affiliate thereof from
a sponsor of a Multiemployer Plan or from the PBGC, a copy of each notice
received by any Loan Party or any ERISA Affiliate thereof concerning the
imposition or amount of withdrawal liability under Section 4202 of ERISA or
indicating that such Multiemployer Plan may enter reorganization status under
Section 4241 of ERISA, and (F) promptly and in any event within ten (10) days
after any Loan Party or any ERISA Affiliate thereof send notice of a plant
closing or mass layoff (as defined in WARN) to employees, copies of each such
notice sent by such Loan Party or such ERISA Affiliate thereof;
34
(x) promptly
after the commencement thereof but in any event not later than 5 days after
service of process with respect thereto on, or the obtaining of knowledge
thereof by, any Loan Party, notice of each action, suit or proceeding before any
court or other Governmental Authority or other regulatory body or any arbitrator
which, if adversely determined, could reasonably be expected to have a Material
Adverse Effect;
(xi) promptly
after the sending or filing thereof, copies of all statements, reports and other
information Group or any other Loan Party sends to any holders of its
Indebtedness or its securities or files with the SEC or any national (domestic
or foreign) securities exchange, provided that the Loan Party may redact
confidential information contained in any such statement, report or other
information if it provides a summary of the nature of the information redacted
to the Agent;
(xii) promptly
upon receipt thereof, copies of all financial reports including, without
limitation, management letters), if any, submitted to any Loan Party by its
auditors in connection with any annual or interim audit of the books thereof;
and
(xiii) promptly
upon request, such other information concerning the condition or operations,
financial or otherwise, of any Loan Party as the Agent may from time to time may
reasonably request.
In
addition to the financial statements referred to in clauses (i) and (ii) above,
the Borrowers agree to deliver financial statements prepared on both a
consolidated and consolidating basis. The Borrowers agree that, upon
prior notice if no Default or Event of Default exists and without any notice if
any Default or Event of Default exists, their independent certified public
accountants are authorized to communicate with the Agent and to release to the
Agent whatever financial information concerning the Borrowers that the Agent
reasonably may request. Each Borrower waives the right to assert a
confidential relationship, if any, it may have with any accounting firm or
service bureau in connection with any information requested by the Agent
pursuant to or in accordance with this Agreement, and agrees that the Agent may
contact directly any such accounting firm or service bureau in order to obtain
such information.
35
(b) Additional Guaranties and
Collateral Security. Cause each Domestic Subsidiary of any
Loan Party to execute and deliver to the Agent promptly, and in any event within
three days after the formation, acquisition or change in status thereof
(A) a Guaranty guaranteeing the Obligations, (B) a Security Agreement,
and such other agreements, instruments, approvals, legal opinions or other
documents reasonably requested by the Agent in order to create, perfect,
establish the priority (subject only to Permitted Liens) of or otherwise protect
any Lien purported to be covered by any such security agreement or otherwise to
effect the intent that such Subsidiary shall become bound by all of the terms,
covenants and agreements contained in the Loan Documents and that all property
and assets of such Subsidiary shall become Collateral for the
Obligations.
(c) Compliance with Laws,
Etc. Comply, and cause each of their Subsidiaries to
comply, in all material respects with all applicable laws, rules, regulations
and orders (including, without limitation, all Environmental Laws, such
compliance to include, without limitation, (i) paying before the same become
delinquent all taxes, assessments and governmental charges or levies imposed
upon it or upon its income or profits or upon any of its properties, and
(ii) paying all lawful claims which if unpaid might become a Lien or charge
upon any of its properties, except, with respect to all covenants in this
Section 6.01(c), to the extent contested in good faith by proper proceedings
which stay the imposition of any penalty, fine or Lien resulting from the
non-payment thereof and with respect to which adequate reserves have been set
aside for the payment thereof.
(d) Preservation of Existence,
Etc. Except to the extent permitted by Section 6.02(d)
and except as disclosed in writing to the Agent prior to the Effective Date,
maintain and preserve, and cause each of their Subsidiaries to maintain and
preserve, their existence, rights and privileges, and become or remain duly
qualified and in good standing in each jurisdiction in which the character of
the properties owned or leased by them or in which the transaction of their
business makes such qualification necessary, except to the extent that the
failure to remain so qualified and in good standing could not reasonably be
expected to result in a Material Adverse Effect.
(e) Keeping of Records and Books
of Account. Keep, and cause each of their Subsidiaries to
keep, adequate records and books of account, with complete entries made in
accordance with GAAP.
(f) Inspection
Rights. Permit, and cause each of their Subsidiaries to
permit, the Agent or representatives thereof at any time and from time to time
during normal business hours, in the absence of a continuing Event of Default
upon reasonable notice and if an Event of Default exists without notice, and at
the expense of the Borrowers, to examine and make copies of and abstracts from
their corporate and other records, board of directors’ meeting minutes and
accompanying materials, and books of account, to visit and inspect their
properties, to verify materials, leases, notes, accounts receivable, deposit
accounts and other assets of the Loan Parties and their Subsidiaries, to conduct
audits, physical counts, valuations, appraisals, environmental assessments or
examinations and to discuss their affairs, finances and accounts with any of the
directors, officers, managerial employees, independent accountants or other
representatives thereof. The Borrowers agree to pay the reasonable
fees, cost and expenses of such audits, counts, valuations, appraisals,
assessments or examinations including, without limitation, travel
expenses.
36
(g) Maintenance of Properties,
Etc. Maintain and preserve, and cause each of their
Subsidiaries to maintain and preserve, all of their properties which are
necessary or useful in the proper conduct of their business in good working
order and condition, ordinary wear and tear excepted, and comply, and cause each
of their Subsidiaries to comply, at all times with the material provisions of
all leases to which each of them is a party as lessee or under which each of
them occupies property, so as to prevent any loss or forfeiture thereof or
thereunder, in each case, other than sales of property otherwise permitted by
the terms of this Agreement.
(h) Maintenance of
Insurance. Maintain, and cause each of their Subsidiaries to
maintain, insurance with responsible and reputable insurance companies or
associations (including, without limitation, comprehensive general liability,
hazard, rent and business interruption insurance) with respect to their
properties (including all real properties leased or owned by them) and business,
in such amounts and covering such risks as is required by any Governmental
Authority having jurisdiction with respect thereto or as is carried generally in
accordance with sound business practice by companies in similar businesses
similarly situated and in any event in amount, adequacy and scope reasonably
satisfactory to the Agent. Except as otherwise provided in, and
subject to, the Intercreditor Agreement, all policies covering the Collateral
are to be made payable to the Agent for the benefit of the Lenders, as its
interests may appear, in case of loss, under a standard noncontributory “lender”
or “secured party” clause. Such policies shall also contain such other
provisions as the Agent may reasonably require to fully protect the Lenders’
interest in the Collateral and to any payments to be made under such
policies. All certificates of insurance are to be delivered to the
Agent and the policies are to be premium prepaid, with the loss payable and
additional insured endorsement in favor of the Agent and such other Persons as
the Agent may designate from time to time, and shall provide for not less than
30 days’ prior written notice to the Agent of the exercise of any right of
cancellation. If the Loan Parties or any of their Subsidiaries fail
to maintain such insurance, the Agent may arrange for such insurance, but at the
Borrowers’ expense and without any responsibility on the Agent’s part for
obtaining the insurance, the solvency of the insurance companies, the adequacy
of the coverage, or the collection of claims. Upon the occurrence of
an Event of Default that is continuing, the Agent shall have the sole right, in
the name of the Lenders, the Loan Parties and their Subsidiaries, to file claims
under any insurance policies, to receive, receipt and give acquittance for any
payments that may be payable thereunder, and to execute any and all
endorsements, receipts, releases, assignments, reassignments or other documents
that may be necessary to effect the collection, compromise or settlement of any
claims under any such insurance policies.
(i) Obtaining of Permits,
Etc. Obtain, maintain and preserve, and cause each of their
Subsidiaries to obtain, maintain and preserve, all permits, licenses,
authorizations, approvals, entitlements and accreditations which are necessary
or useful in the proper conduct of its business and become or remain, and cause
each of their Subsidiaries to become or remain, duly qualified and in good
standing in each jurisdiction in which the character of the properties owned or
leased by it or in which the transaction of its business makes such
qualification necessary, except where all such failures to comply with this
Section 6.01(i) could not reasonably be expected to have a Material Adverse
Effect.
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(j) Environmental. (i)
Keep any property either owned or operated by them or any of their Subsidiaries
free of any Environmental Liens; (ii) comply, and cause their Subsidiaries to
comply, in all material respects with Environmental Laws and provide to the
Agent documentation of such compliance which the Agent reasonably requests;
(iii) immediately notify the Agent of any Release of a Hazardous Material in
excess of any reportable quantity from or onto property owned or operated by the
Loan Parties or any of their Subsidiaries and take any Remedial Actions required
to xxxxx said Release; (iv) promptly provide the Agent with written notice
within 10 days of the receipt of any of the following: (A) notice that an
Environmental Lien has been filed against any property of any Loan Party or any
of its Subsidiaries; (B) commencement of any Environmental Action or notice that
an Environmental Action will be filed against any Loan Party or any of its
Subsidiaries; and (C) notice of a violation, citation or other administrative
order which could not reasonably be expected to have a Material Adverse Effect
and (v) defend, indemnify and hold harmless the Agent and the Lenders and their
transferees, and their respective employees, agents, officers and directors,
from and against any claims, demands, penalties, fines, liabilities,
settlements, damages, costs or expenses (including, without limitation, attorney
and consultant fees, investigation and laboratory fees, court costs and
litigation expenses) arising out of (A) the presence, disposal, release or
threatened release of any Hazardous Materials on any property at any time owned
or operated by any Loan Party or any of its Subsidiaries (or its respective
predecessors in interest or title), (B) any personal injury (including wrongful
death) or property damage (real or personal) arising out of or related to such
Hazardous Materials, (C) any investigation, lawsuit brought or threatened,
settlement reached or government order relating to such Hazardous Materials
and/or (D) any violation of any Environmental Law at or relating to or arising
in connection with any property owned or operated by any Loan Party or any of
their Subsidiaries.
(k) Further
Assurances. Take such action and execute, acknowledge and
deliver, and cause each of their Subsidiaries to take such action and execute,
acknowledge and deliver, at their sole cost and expense, such agreements,
instruments or other documents as the Agent may reasonably require from time to
time in order (i) to carry out more effectively the purposes of this
Agreement and the other Loan Documents, (ii) subject to valid and
perfected Liens (subject only to Permitted Liens) any of the
Collateral or any other property of the Guarantors and their Subsidiaries in the
manner covered by the Security Agreement, (iii) to establish and maintain
the validity and effectiveness of any of the Loan Documents and the validity,
perfection and priority of the Liens intended to be created thereby,
(iv) to file financing statements or otherwise perfect its Lien under
applicable non-bankruptcy law and (v) to better assure, convey, grant,
assign, transfer and confirm unto the Agent the rights now or hereafter intended
to be granted to the Agent and the Lenders under this Agreement or any other
Loan Document. In furtherance of the foregoing, to the maximum extent
permitted by applicable law, each Loan Party (i) authorizes the Agent to
execute any such agreements, instruments or other documents in such Loan Party’s
name and to file such agreements, instruments or other documents in any
appropriate filing office, (ii) authorizes the Agent to file any financing
statement required hereunder or under any other Loan Document, and any
continuation statement or amendment with respect thereto, in any appropriate
filing office without the signature of such Loan Party, and (iii) ratifies
the filing of any financing statement, and any continuation statement or
amendment with respect thereto, filed without the signature of such Loan Party
prior to the date hereof.
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(l) Change in Collateral;
Collateral Records. (i) Give the Agent not less
than fifteen (15) days’ prior written notice of any change in the location
of any Collateral (excluding such changes that are in the ordinary course of
business but including, without limitation, the execution and delivery of any
lease of real property), other than to locations set forth on Schedule 1.01(e)
and the retail locations set forth on Schedule 5.01(o) and with respect to which
the Agent has fully perfected its Liens thereon, (ii) advise the Agent
promptly, in sufficient detail, of any material adverse change relating to the
type, quantity or quality of the Collateral or the Lien granted thereon and
(iii) execute and deliver and cause each of their Subsidiaries to execute and
deliver, to the Agent for the benefit of the Lenders from time to time, solely
for the Agent’s convenience in maintaining a record of Collateral, such written
statements and schedules as the Agent may reasonably require, designating,
identifying or describing the Collateral.
(m) Intentionally
Omitted.
(n) Guarantor
Reports. Cause each Guarantor to deliver its annual financial
statements at the time when Group provides its audited financial statements to
the Agent and copies of all federal income tax returns as soon as the same are
available and in any event no later than 30 days after the same are required to
be filed by law.
(o) Fiscal
Year. Cause the Fiscal Year of Group and its Subsidiaries to
end on the last Saturday in July of each calendar year unless the Agent consents
to a change in such Fiscal Year (and appropriate related changes to this
Agreement), and cause the Fiscal Year of each Subsidiary to be the
same as that of Group.
(p) Intentionally
Omitted.
(q) Intentionally
Omitted.
(r) Immediate Notice to the
Agent.
(i) The
Administrative Borrower shall provide the Agent with written notice promptly
upon the occurrence of any of the following events, which written notice shall
state with reasonable particularity the facts and circumstances of the event for
which such notice is being given:
(A) any
change in any of the Executive Officers;
(B) the
completion of any physical count of all or a material portion of the Borrowers’
Inventory (together with a copy of the results thereof certified by
Administrative Borrower);
(C) any
cessation by the Borrowers of their making payment to its creditors generally as
the Borrowers’ debts become due;
(D) any
failure by the Borrowers to pay rent at any of the Borrowers’ locations, which
failure continues for more than fifteen (15) days following the last day on
which such rent was payable without more than a minimal adverse effect on the
Borrowers;
(E) any
intention on the part of any Borrower to discharge the Borrowers’ present
independent accountants or any withdrawal or resignation by such independent
accountants from their acting in such capacity; and
39
(F) any
claim or action is asserted, threatened, instituted, or filed with respect to
any of the Intellectual Property of the Borrowers.
(ii) Administrative
Borrower shall add the Agent as an addressee on all mailing lists maintained by
or for the Borrowers.
(s) Financial Covenant - Debt
Service Coverage Ratio. Not suffer or permit the Debt Service Coverage
Ratio of Borrowers to be less than the applicable amount specified for the
computation periods set forth on Schedule 6.01(s) hereto.
SECTION
6.02. Negative Covenants So long
as any principal of or interest on the Loan, or any other Obligation, whether or
not due, shall remain unpaid, the Loan Parties shall not, unless the Required
Lenders shall otherwise consent in writing:
(a) Lien Priority; Payment of
Claims. Any time suffer to exist any Lien on the Collateral
having a priority equal or superior to the Lien in favor of the Lenders in
respect of the Collateral except for a first lien in favor of Xxxxx Fargo in
respect of the Collateral other than the Intellectual Property.
(b) Liens,
Etc. Create, incur, assume or suffer to exist, or permit
any of their Subsidiaries to create, incur, assume or suffer to exist any Lien
upon or with respect to any of their properties, whether now owned or hereafter
acquired, to file or suffer to exist under the Uniform Commercial Code or any
similar law or statute of any jurisdiction, a financing statement (or the
equivalent thereof) that names any Loan Party or any of its Subsidiaries as
debtor, to sign or suffer to exist any security agreement authorizing any
secured party thereunder to file such financing statement (or the equivalent
thereof), to sell any of its property or assets subject to an understanding or
agreement, contingent or otherwise, to repurchase such property or assets
(including sales of accounts receivable) with recourse to any Loan Party or any
of its Subsidiaries or assign or otherwise transfer, or permit any of its
Subsidiaries to assign or otherwise transfer, any account or other right to
receive income, other than Permitted Liens.
(c) Indebtedness. Create,
incur, assume, guarantee or suffer to exist, or otherwise become or remain
liable with respect to, or permit any of their Subsidiaries to create, incur,
assume, guarantee or suffer to exist or otherwise become or remain liable with
respect to, any Indebtedness other than Permitted Indebtedness.
(d) Fundamental
Changes. Create any Domestic Subsidiary that does not
simultaneously become a Loan Party and execute a joinder to this Agreement, or
wind-up, liquidate or dissolve (or permit or suffer any thereof) or merge,
consolidate or amalgamate with any Person, convey, sell, lease or sublease,
transfer or otherwise dispose of, whether in one transaction or a series of
related transactions, all or any part of their business, including any units or
divisions thereof and including a conveyance, sale, lease or sublease, transfer
or other disposition of any property or assets, whether now owned or hereafter
acquired, or (agree to do any of the foregoing) or purchase or otherwise
acquire, whether in one transaction or a series of related transactions, all or
substantially all of the assets of any Person (or any division thereof) (or
agree to do any of the foregoing), or permit any of their Subsidiaries to do any
of the foregoing; provided, however,
that: any of the Loan Parties and their Subsidiaries may
(A) sell Inventory in the ordinary course of business, (B) dispose of
obsolete or worn-out equipment in the ordinary course of business, (C) dispose
of Inventory in the ordinary course of business, (D) dispose of Inventory for
cash in connection with store closings and lease expirations
without the prior written consent of Hilco Brands, LLC (“Brands”)
whether as Agent or otherwise, and without first offering Brands or an Affiliate
of Brands the opportunity to conduct such store closings and associated
liquidations on commercially available and customary terms, and (E) sell or
otherwise dispose of other property or assets for cash in an aggregate amount
not less than the fair market value of such property or assets, provided that
the greater of the fair market value of all such property and assets and the
cash received from all such sales and dispositions in any Fiscal Year shall in
no event exceed $100,000.
40
(e) Change in Nature of
Business. Make, or permit any of their Subsidiaries to make,
any change in the nature of its business as carried on at the date hereof or in
the Business Plan for the covered period. In the case of the Parent,
engage in any business activities other than (i) ownership of the Capital Stock
of the Borrowers other than Group and activities thereto, (ii) activities
incidental to the maintenance of its corporate existence and (iii) performance
of its obligations under the related transaction documents to which it is a
party.
(f) Loans, Advances,
Investments, Etc. Make or commit or agree to make any
Investment, or permit any of its Subsidiaries to do any of the foregoing, except
for: (i) Investments existing on the date hereof, as set forth
on Schedule 6.02(f) hereto, but not any increase in the amount thereof as
set forth in such Schedule or any other modification of the terms thereof,
(ii) temporary loans and advances by any Loan Party to another Loan Party,
made in the ordinary course of business, (iii) Permitted Investments up to
$200,000 in the aggregate, (iv) Investments by any Loan Party in any other Loan
Party provided that if such Investment is in form of Indebtedness (other than
temporary loans or advances permitted pursuant to clause (v) such Investment
shall be subordinate to the Obligations on terms satisfactory to the Agent in
its Permitted Discretion and (v) Investments by any Loan Party in any Subsidiary
that is not a Loan Party in an aggregate amount not to exceed $500,000 at any
one time outstanding.
(g) Lease
Obligations. Create, incur or suffer to exist, or permit any
of their Subsidiaries to create, incur or suffer to exist, any obligations as
lessee (i) for the payment of rent for any real or personal property in
connection with any sale and leaseback transaction, or (ii) for the payment
of rent for any real or personal property under leases or agreements to lease
other than (A) Capitalized Lease Obligations which would not cause the
aggregate amount of all obligations under Capitalized Leases entered into after
the Effective Date owing by the Loan Parties and their Subsidiaries in any
Fiscal Year to exceed $1,000,000, and (B) Operating Lease
Obligations.
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(h) Restricted
Payments.
(i) Declare
or pay any dividend or other distribution, direct or indirect, on account of any
Capital Stock of any Loan Party or any of its Subsidiaries, now or hereafter
outstanding, (ii) make any repurchase, redemption, retirement, defeasance,
sinking fund or similar payment, purchase or other acquisition for value, direct
or indirect, of any Capital Stock of any Loan Party or any direct or indirect
parent of any Loan Party, now or hereafter outstanding, (iii) make any payment
to retire, or to obtain the surrender of, any outstanding warrants, options or
other rights for the purchase or acquisition of shares of any class of Capital
Stock of any Loan Party, now or hereafter outstanding, (iv) return any of
capital to any shareholders or other equity holders of any Loan Party or any of
its Subsidiaries, or make any other distribution of property, assets, shares of
Capital Stock, warrants, rights, options, obligations or securities thereto as
such, (v) pay any management fees or any other fees or expenses (including the
reimbursement thereof by any Loan Party or any of its Subsidiaries) pursuant to
any management, consulting or other services agreement to any of the
shareholders or other equity holders of any Loan Party or any of its
Subsidiaries or other Affiliates, or to any other Subsidiaries or Affiliates of
any Loan Party provided that this
Section 6.02(h) shall not prohibit payments not to exceed $100,000 per year to
each non-employee member of the Board of Directors of Group; or
(vi) make any payments to an Executive Officer on account
of a Change of Control, severance or bonus arrangement (collectively or
individually, a “Restricted Payment”) if at the time of such Restricted Payment:
(x) a Default or Event of Default has then occurred and is continuing; or (y) if
after taking into account the full amount of any such scheduled or contemplated
Restricted Payments to be made to all Executive Officers within the next twelve
(12) month period applied on a pro forma basis as if current charges against the
EBITDA of the Borrowers, the Borrowers would not be in compliance with the Debt
Service Coverage Ratio at the time of such payment.
(i) Federal Reserve
Regulations. Permit any Loan or the proceeds of any Loan under
this Agreement to be used for any purpose that would cause such Loans to be
margin loans under the provisions of Regulation T, U or X of the
Board.
(j) Transactions with
Affiliates. Except (i) as set forth on Schedule 6.02(j), (ii)
transactions that are necessary or desirable for the prudent operation of its
business, are for fair consideration and on terms no less favorable to the Loan
Parties or their Subsidiaries than would be obtainable in a comparable arm’s
length transaction with a Person that is not an Affiliate thereof, have been
approved by the audit committee of the Board of Directors of Group and involve
the payment to the Affiliate of not more than $100,000 in any Fiscal Year or
(iii) transactions with another Loan Party, enter into, renew, extend or be a
party to, or permit any of their Subsidiaries to enter into, renew, extend or be
a party to any transaction or series of related transactions (including, without
limitation, the purchase, sale, lease, transfer or exchange of property or
assets of any kind or the rendering of services of any kind) with any
Affiliate.
(k) Limitations on Dividends and
Other Payment Restrictions Affecting Subsidiaries. Create or
otherwise cause, incur, assume, suffer or permit to exist or become effective
any consensual encumbrance or restriction of any kind on the ability of any
Subsidiary of any Loan Party (i) to pay dividends or to make any other
distribution on any shares of Capital Stock of such Subsidiary owned by any Loan
Party or any of its Subsidiaries, (ii) to pay or prepay or to subordinate
any Indebtedness owed to any Loan Party or any of its Subsidiaries,
(iii) to make loans or advances to any Loan Party or any of its
Subsidiaries or (iv) to transfer any of its property or assets to any Loan
Party or any of its Subsidiaries, or permit any of its Subsidiaries to do any of
the foregoing; provided, however, that nothing
in any of clauses (i) through (iv) of this Section 6.02(k) shall prohibit or
restrict compliance with:
(A) this
Agreement and the other Loan Documents;
(B) any
agreements in effect on the date of this Agreement and described on Schedule
6.02(k);
42
(C) any
applicable law, rule or regulation (including, without limitation, applicable
currency control laws and applicable state corporate statutes restricting the
payment of dividends in certain circumstances);
(D) in
the case of clause (iv) any agreement setting forth customary restrictions on
the subletting, assignment or transfer of any property or asset that is a lease,
license, conveyance or contract of similar property or assets; or
(E) in
the case of clause (iv) any agreement, instrument or other document evidencing a
Permitted Lien from restricting on customary terms the transfer of any property
or assets subject thereto.
(l) Limitation on Issuance of
Capital Stock. Except for Group, issue or sell or enter into
any agreement or arrangement for the issuance and sale of (other than, to the
extent permitted pursuant to Section 6.02(f), to another Loan Party), or permit
any of its Subsidiaries to issue or sell or enter into any agreement or
arrangement for the issuance and sale of, any shares of its Capital Stock, any
securities convertible into or exchangeable for its Capital Stock or any
warrants. With respect to Group only, issue or sell or enter into any agreement
or arrangement for the issuance and sale of, any shares of its Capital Stock,
any securities convertible into or exchangeable for its Capital Stock, unless
the use of proceeds related thereto remains consistent with the most recent
Business Plan of Group.
(m) Modifications of
Indebtedness, Organizational Documents and Certain Other Agreements;
Etc. (i) Amend, modify or otherwise change (or permit
the amendment, modification or other change in any manner of) any of the
provisions of (A) the Existing Xxxxx Fargo Agreement that is not permitted by
the Intercreditor Agreement, or (B) any agreement, instrument or document
evidencing or governing any of the other Indebtedness of Group or its
Subsidiaries or any instrument or agreement (including, without limitation, any
purchase agreement, indenture, loan agreement or security agreement) relating to
any such Indebtedness if such amendment, modification or change would shorten
the final maturity or average life to maturity of, or require any payment to be
made earlier than the date originally scheduled on, such Indebtedness, would
increase the interest rate applicable to such Indebtedness, would change the
subordination provision, if any, of such Indebtedness, or would otherwise be
adverse to the Lenders in any respect, (ii) make any voluntary or optional
payment, prepayment, redemption, defeasance, sinking fund payment or other
acquisition for value of any of its or its Subsidiaries’ Indebtedness
(including, without limitation, by way of depositing money or securities with
the trustee therefor before the date required for the purpose of paying any
portion of such Indebtedness when due), or refund, refinance, replace or
exchange any other Indebtedness for any such Indebtedness (except to the extent
such Indebtedness is otherwise expressly permitted by the definition of
“Permitted Indebtedness”), or make any payment, prepayment, redemption,
defeasance, sinking fund payment or repurchase of any outstanding Indebtedness
as a result of any asset sale, change of control, issuance and sale of debt or
equity securities or similar event, or give any notice with respect to any of
the foregoing, (iii) except as otherwise
permitted amend, modify or otherwise change its name, jurisdiction of
organization, organizational identification number or FEIN unless the Agent
shall have been provided with not less than thirty (30) days prior written
notice thereof, (iv) amend, modify or otherwise change its certificate of
incorporation or bylaws (or other similar organizational documents), including,
without limitation, by the filing or modification of any certificate of
designation, or any agreement or arrangement entered into by it, with respect to
any of its Capital Stock (including any shareholders’ agreement), or enter into
any new agreement with respect to any of its Capital Stock, except any such
amendments, modifications or changes or any such new agreements or arrangements
pursuant to this clause, or (iv) that either individually or in the
aggregate, could not reasonably be expected to have a Material Adverse
Effect.
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(n) Investment Company Act of
1940. Engage in any business, enter into any transaction, use
any securities or take any other action or permit any of its Subsidiaries to do
any of the foregoing, that would cause it or any of its Subsidiaries to become
subject to the registration requirements of the Investment Company Act of 1940,
as amended, by virtue of being an “investment company” or a company “controlled”
by an “investment company” not entitled to an exemption within the meaning of
such Act.
(o) ERISA. (i)
Engage, or permit any ERISA Affiliate to engage, in any transaction described in
Section 4069 of ERISA; (ii) engage, or permit any ERISA Affiliate to
engage, in any prohibited transaction described in Section 406 of ERISA or 4975
of the Internal Revenue Code for which a statutory or class exemption is not
available or a private exemption has not previously been obtained from the U.S.
Department of Labor; (iii) adopt or permit any ERISA Affiliate to adopt any
employee welfare benefit plan within the meaning of Section 3(1) of ERISA which
provides benefits to employees after termination of employment other than as
required by Section 601 of ERISA or Section 4980B
of the Internal Revenue Code; (iv) fail to make any contribution or
payment to any Multiemployer Plan which it or any ERISA Affiliate may be
required to make under any agreement relating to such Multiemployer Plan, or any
law pertaining thereto; (v) fail, or permit any ERISA Affiliate to fail, to pay
any required installment or any other payment required under Section 412 of the
Internal Revenue Code on or before the due date for such installment or other
payment.
(p) Environmental. Permit
the use, handling, generation, storage, treatment, release or disposal of
Hazardous Materials at any property owned or operated by the Loan Parties or any
of their Subsidiaries except in compliance with Environmental Laws and so long
as such use, handling, generation, storage, treatment, release or disposal of
Hazardous Materials does not result in a Material Adverse Effect.
(q) Inventory with
Bailees. Not store any Inventory with a bailee, warehouseman,
or similar party unless done with the prior written consent of Xxxxx Fargo, and
only if the Borrowers have delivered to the Agent a Bailee Agreement, with
respect to the applicable Inventory.
(r) Anti-Terrorism
Laws. No Loan Party shall conduct, deal in or engage in or
permit any Affiliate or agent of any Loan Party within its control to conduct,
deal in or engage in any of the following activities: (i) conduct any business
or engage in any transaction or dealing with any person blocked pursuant to
Executive Order No. 13224 (“Blocked Person”),
including the making or receiving any contribution of funds, goods or services
to or for the benefit of any Blocked Person; (ii) deal in, or
otherwise engage in any transaction relating to, any property or interests in
property blocked pursuant to Executive Order No. 13224; or (iii) engage in on
conspire to engage in any transaction that evades or avoids, or has the purpose
of evading or avoiding, or attempts to violate, any of the prohibitions set
forth in Executive Order No. 13224 or the USA Patriot Act. Each
applicable Loan Party shall deliver to the Agent and the Lenders any
certification or other evidence requested from time to time by the Agent or any
Lender, in its sole, confirming compliance with this Section
6.02(r).
44
ARTICLE
VII
EVENTS OF
DEFAULT
SECTION
7.01. Events of Default
If any of
the following Events of Default shall occur and be continuing:
(a) the
Borrowers shall fail to pay any principal of or interest on the Loan, any Agent
Advance or any fee, indemnity or other amount payable under this Agreement or
any other Loan Document when due (whether by scheduled maturity, required
prepayment, acceleration, demand or otherwise);
(b) any
representation or warranty made or deemed made by or on behalf of any Loan Party
or by any officer of the foregoing under or in connection with any Loan Document
or under or in connection with any report, certificate, or other document
delivered to the Agent or the Lenders pursuant to any Loan Document shall have
been incorrect in any material respect when made or deemed made;
(c) any
Loan Party shall fail to perform or comply with any term, covenant or agreement
contained herein or in any Loan Document to be performed or observed by it and,
except as set forth in subsections (a) or (b) of this Section 7.01, such
failure, if capable of being remedied, shall remain unremedied for fifteen (15)
days after the date written notice of such default shall have been given by the
Agent to such Loan Party;
(d) any
Loan Party shall fail to pay any principal of or interest on any of its
Indebtedness (excluding Indebtedness evidenced by this Agreement) in excess of
$50,000, or any interest or premium thereon, when due whether by scheduled
maturity, required prepayment, acceleration, demand or otherwise and such
failure shall continue after the applicable grace period, if any, specified in
the agreement or instrument relating to any such Indebtedness, or any other
event, shall occur and shall continue after the applicable grace period, if any,
specified in such agreement or instrument, if the effect of such default or
event is to accelerate, or to permit the acceleration of, the maturity of such
Indebtedness; or any such Indebtedness shall be declared to be due and payable,
or required to be prepaid (other than by a regularly scheduled required
prepayment), redeemed, purchased or defeased or an offer to prepay, redeem,
purchase or defease such Indebtedness shall be required to be made, in each
case, prior to the stated maturity thereof;
(e) any
Loan Party (i) shall institute any proceeding or voluntary case seeking to
adjudicate it a bankrupt or insolvent, or seeking dissolution, liquidation,
winding up, reorganization, arrangement, adjustment, protection, relief or
composition of it or its debts under any law relating to bankruptcy, insolvency,
reorganization or relief of debtors, or seeking the entry of an order for relief
or the appointment of a receiver, trustee, custodian or other similar official
for any such Person or for any substantial part of its property, (ii) shall be
generally not paying its debts as such debts become due or shall admit in
writing its inability to pay its debts generally, (iii) shall make a general
assignment for the benefit of creditors, or (iv) shall take any action to
authorize or effect any of the actions set forth above in this subsection
(e);
45
(f) any
proceeding shall be instituted against any Loan Party seeking to adjudicate it
bankrupt or insolvent, or seeking dissolution, liquidation, winding up,
reorganization, arrangement, adjustment, protection, relief of debtors, or
seeking the entry of an order for relief or the appointment of a receiver,
trustee, custodian or other similar official for any such Person or for any
substantial part of its property, and such proceeding shall remain undismissed
or unstayed for a period of sixty (60) days or any receiver, trustee, custodian
or other similar official is appointed to take possession of or operate all or
any portion of the Property of any Loan Party;
(g) any
material provision of any Loan Document shall at any time for any reason (other
than pursuant to the express terms thereof) cease to be valid and binding on or
enforceable against any Loan Party intended to be a party thereto, or the
validity or enforceability thereof shall be contested by any party thereto, or a
proceeding shall be commenced by any other Loan Party or any Governmental
Authority having jurisdiction over any of them, seeking to establish the
invalidity or unenforceability thereof, or any Loan Party shall deny in writing
that it has any liability or obligation purported to be created under any Loan
Document;
(h) any
Security Agreement or any other security document, after delivery thereof
pursuant hereto, shall for any reason fail or cease to create a valid and
perfected (to the extent that Agent or the Lenders have taken steps to effect
perfection) and, except to the extent permitted by the terms hereof or thereof,
first priority Lien in the Intellectual Property and second priority Lien in any
other Collateral (subject to Permitted Liens) in favor of the Agent for the
benefit of the Lenders;
(i) one
or more judgments or orders for the payment of money exceeding $500,000 in the
aggregate shall be rendered against any Loan Party and remain unsatisfied and
either (i) enforcement proceedings shall have been commenced by any
creditor upon any such judgment or order, or (ii) there shall be a period
of thirty (30) consecutive days after entry thereof during which a stay of
enforcement of any such judgment or order, by reason of a pending appeal or
otherwise, shall not be in effect; provided, however, that any
such judgment or order shall not give rise to an Event of Default under this
subsection (i) if and for so long as (A) the amount of such judgment or order is
covered by a valid and binding policy of insurance between the defendant and the
insurer covering full payment thereof and (B) such insurer has been
notified, and has not disputed the claim made for payment, of the amount of such
judgment or order;
(j) any
Loan Party is enjoined, restrained or in any way prevented by the order of any
court or any Governmental Authority from conducting all or any material part of
its business for more than fifteen (15) days;
(k) any
material damage to, or loss, theft or destruction of, any Collateral, whether or
not insured, or any strike, lockout, labor dispute, embargo, condemnation, act
of God or public enemy, or other casualty which causes, for more than fifteen
(15) consecutive days, the cessation or substantial curtailment of revenue
producing activities at any facility of any Loan Party, if any such event or
circumstance could reasonably be expected to have a Material Adverse
Effect;
46
(l) any
cessation of a substantial part of the business of any Loan Party for a period
which materially and adversely affects the ability of such Person to continue
its business on a profitable basis;
(m) the
loss, suspension or revocation of, or failure to renew, any license or permit
now held or hereafter acquired by any Loan Party, if such loss, suspension,
revocation or failure to renew could reasonably be expected to have a Material
Adverse Effect;
(n) the
indictment, or to the knowledge of such Loan Party, threatened indictment, of
any Loan Party under any criminal statute, or commencement of criminal or civil
proceedings against any Loan Party, pursuant to which statute or proceedings the
penalties or remedies sought or available include forfeiture to any Governmental
Authority of any material portion of the property of such Person;
(o) any
Loan Party or any of its ERISA Affiliates shall have made a complete or partial
withdrawal from a Multiemployer Plan, and, as a result of such complete or
partial withdrawal any Loan Party or such ERISA Affiliate incurs a withdrawal
liability in an annual amount exceeding $100,000; or a Multiemployer Plan enters
reorganization status under Section 4241 of ERISA, and, as a result thereof
such Loan Party’s, or such ERISA Affiliate’s annual contribution requirement
with respect to such Multiemployer Plan increases in an annual amount exceeding
$100,000;
(p) any
Termination Event with respect to any Employee Plan shall have occurred, and,
thirty (30) days after notice thereof shall have been given to any Loan Party by
the Agent, (i) such Termination Event (if correctable) shall not have been
corrected, and (ii) the then current value of such Employee Plan’s benefit
liabilities exceeds the then current value of such Employee Plan’s assets
determined in accordance with the assumptions used by the PBGC for plan
terminations by more than $100,000 (or, in the case of a Termination Event
involving liability under Section 409, 502(i), 502(l), 515, 4062, 4063, 4064,
4069, 4201, 4204 or 4212 of ERISA or Section 4971 or 4975 of the Internal
Revenue Code, the liability is in excess of such amount);
(q) any
Loan Party shall be liable for any Environmental Liabilities and Costs, the
payment of which could reasonably be expected to have a Material Adverse
Effect;
(r) any
provision of the Intercreditor Agreement shall at any time for any reason (other
than pursuant to the express terms thereof) cease to be valid and binding on or
enforceable against the parties thereto, or the validity or enforceability
thereof shall be contested by any party thereto, or a proceeding shall be
commenced by any party thereto for any reason;
(s) the
suspension from trading or failure of the common stock $.01 per value of Group
to be listed on an Eligible Market for a period of five (5) consecutive trading
days or for more than an aggregate of ten (10) trading days in any 365-day
period;
(t) a
Change of Control shall occur;
47
(u) any
“Event of Default” (as defined in the Existing Xxxxx Fargo Agreement or the
Intercreditor Agreement) shall occur.
then, and
in any such event, the Agent shall at the request of the Required Lenders, by
notice to Administrative Borrower, (i) declare the Loan to be due and payable
and all accrued and unpaid interest thereon, all fees and all other amounts
payable under this Agreement shall become due and payable immediately, without
presentment, demand, protest or further notice of any kind, all of which are
hereby expressly waived by each Loan Party and (ii) exercise any and all of
its other rights and remedies under applicable law (including, but not limited
to, the Bankruptcy Code and the Uniform Commercial Code), hereunder and under
the other Loan Documents; provided, however, that upon
the occurrence of any Event of Default described in subsection (f) or (g) of
this Section 7.01, without any notice to any Loan Party or any other Person or
any act by the Agent or any Lender, the Loan, together with all accrued and
unpaid interest thereon, all fees and all other amounts due under this Agreement
and the other Loan Documents shall become due and payable automatically and
immediately, without presentment, demand, protest or notice of any kind, all of
which are expressly waived by each Loan Party.
48
ARTICLE
VIII
AGENT
SECTION
8.01. Appointment Each
Lender (and each subsequent holder of the Note by its acceptance
thereof) hereby irrevocably appoints and authorizes the Agent to perform the
duties of the Agent as set forth in this Agreement including: (i) to
receive on behalf of each Lender any payment of principal of or interest on the
Note and all other amounts accrued hereunder for the account of the Lenders and
paid to the Agent, and to distribute within two (2) business days of receipt to
each Lender its Pro Rata Share of all payments so received; (ii) to distribute
to each Lender copies of all material notices and agreements received by the
Agent and not required to be delivered to each Lender pursuant to the terms of
this Agreement, provided that the Agent shall not have any liability to the
Lenders for the Agent’s inadvertent failure to distribute any such notices or
agreements to the Lenders; (iii) to maintain, in accordance with its customary
business practices, ledgers and records reflecting the status of the
Obligations, the Loan, and related matters and to maintain, in accordance with
its customary business practices, ledgers and records reflecting the status of
the Collateral and related matters; (iv) to execute or file any and all
financing or similar statements or notices, amendments, renewals, supplements,
documents, instruments, proofs of claim, notices and other written agreements
with respect to this Agreement or any other Loan Document; (v) to make the Loan
and the Agent Advances, for the Agent or on behalf of the applicable Lenders as
provided in this Agreement or any other Loan Document; (vi) to perform,
exercise, and enforce any and all other rights and remedies of the Lenders with
respect to the Loan Parties, the Obligations, or otherwise related to any of
same to the extent reasonably incidental to the exercise by the Agent of the
rights and remedies specifically authorized to be exercised by the Agent by the
Required Lenders; (vii) to incur and pay such fees necessary or
appropriate for the performance and fulfillment of its functions and powers
pursuant to this Agreement or any other Loan Document; and (viii) subject to
Section 8.03 of this Agreement, to take such action as the Agent deems
appropriate on its behalf to administer the Loan and the Loan Documents and to
exercise such other powers delegated to the Agent by the terms hereof or the
Loan Documents, together with such powers as are reasonably incidental thereto
to carry out the purposes hereof and thereof; provided, however, that the power
to give or to refuse to give notices, waivers, consents, approvals and
instructions and the power to make or to refuse to make determinations and
calculations, shall require the consent of the Required Lenders. As
to any matters not expressly provided for by this Agreement and the other Loan
Documents (including, without limitation, enforcement or collection of the
Note), the Agent shall not exercise any discretion or take any action, but shall
be required to act or to refrain from acting (and shall be fully protected in so
acting or refraining from acting) upon the instructions of the Required Lenders,
and such instructions of the Required Lenders shall be binding upon all
Lenders. Without limiting the generality of the foregoing, the
consent of the Required Lenders shall be required in connection with (i) any
waivers or amendments of or other changes to the terms of this Agreement or any
Loan Document and to give or deny any approval or consent thereunder; (ii) the
release of any Loan Party or any Guarantor; (iii) the release of any Collateral;
(vi) the release of any Collateral obtained after the date hereof; (iv)
declaring or waiving a Default or an Event of Default, accelerating the Maturity
Date, foreclosing or otherwise enforcing any Lien in favor of the Lender granted
pursuant to this Agreement or any Loan Document, exercising any other remedies
under this Agreement or any Loan Document, negotiating a restructure
or other changes to the terms of any Loan Document, and agreeing to waivers,
amendments, changes, consents or approvals of the kind referred to in this
Section 8.01; and (v) disposing of any Collateral (including setting the terms
of any purchase money financing).
SECTION
8.02. Nature of Duties
The Agent
shall have no duties or responsibilities except those expressly set forth in
this Agreement or in the Loan Documents. The duties of the Agent
shall be mechanical and administrative in nature. The Agent shall not
have by reason of this Agreement or any Loan Document a fiduciary relationship
in respect of any Lender. Nothing in this Agreement or any of the
Loan Documents, express or implied, is intended to or shall be construed to
impose upon the Agent any obligations in respect of this Agreement or any of the
Loan Documents except as expressly set forth herein or therein. Each
Lender shall make its own independent investigation of the financial condition
and affairs of the Loan Parties in connection with the making and the
continuance of the Loans hereunder and shall make its own appraisal of the
creditworthiness of the Loan Parties and the value of the Collateral, and the
Agent shall have no duty or responsibility, either initially or on a continuing
basis, to provide any Lender with any credit or other information with respect
thereto, whether coming into its possession before the extension of the Loan
hereunder or at any time or times thereafter, provided that, upon the reasonable
request of a Lender, the Agent shall provide to such Lender any documents or
reports delivered to the Agent by the Loan Parties pursuant to the terms of this
Agreement or any Loan Document. If the Agent seeks the consent or
approval of the Required Lenders to the taking or refraining from taking any
action hereunder, the Agent shall send notice thereof to each
Lender. The Agent shall promptly notify each Lender any time that the
Required Lenders have instructed the Agent to act or refrain from acting
pursuant hereto.
49
SECTION
8.03. Rights, Exculpation,
Etc. The
Agent and its directors, officers, agents or employees shall not be liable for
any action taken or omitted to be taken by it under or in connection with this
Agreement or the other Loan Documents, except for liability for which there has
been a final judicial determination that such resulted from the Agent’s gross
negligence or willful misconduct. Without limiting the generality of
the foregoing, the Agent (i) may consult with legal counsel (including, without
limitation, counsel to the Agent or counsel to the Loan Parties), independent
public accountants, and other experts selected by it and shall not be liable for
any action taken or omitted to be taken in good faith by it in accordance with
the advice of such counsel or experts; (ii) makes no warranty or representation
to any Lender and shall not be responsible to any Lender for any statements,
certificates, warranties or representations made in or in connection with this
Agreement or the other Loan Documents; (iii) shall not have any duty to
ascertain or to inquire as to the performance or observance of any of the terms,
covenants or conditions of this Agreement or the other Loan Documents on the
part of any Person, the existence or possible existence of any Default or Event
of Default, or to inspect the Collateral or other property (including, without
limitation, the books and records) of any Person; (iv) shall not be responsible
to any Lender for the due execution, legality, validity, enforceability,
genuineness, sufficiency or value of this Agreement or the other Loan Documents
or any other instrument or document furnished pursuant hereto or thereto; and
(v) shall not be deemed to have made any representation or warranty regarding
the existence, value or collectibility of the Collateral, the existence,
priority or perfection of the Agent’s Lien thereon, or any certificate prepared
by any Loan Party in connection therewith, nor shall the Agent be responsible or
liable to the Lenders for any failure to monitor or maintain any portion of the
Collateral. The Agent shall not be liable for any apportionment or
distribution of payments made in good faith, and if any such apportionment or
distribution is subsequently determined to have been made in error the sole
recourse of any Lender to whom payment was due but not made, shall be to recover
from other Lenders any payment in excess of the amount which they are determined
to be entitled. The Agent may at any time request instructions from
the Lenders with respect to any actions or approvals which by the terms of this
Agreement or of any of the Loan Documents the Agent is permitted or required to
take or to grant, and if such instructions are promptly requested, the Agent
shall be absolutely entitled to refrain from taking any action or to withhold
any approval under any of the Loan Documents until it shall have received such
instructions from the Required Lenders. Without limiting the
foregoing, no Lender shall have any right of action whatsoever against the Agent
as a result of the Agent acting or refraining from acting under this Agreement,
the Note or any of the other Loan Documents in accordance with the instructions
of the Required Lenders.
SECTION
8.04. Reliance
The Agent
shall be entitled to rely upon any written notices, statements, certificates,
orders or other documents or any telephone message believed by it in good faith
to be genuine and correct and to have been signed, sent or made by the proper
Person, and with respect to all matters pertaining to this Agreement or any of
the Loan Documents and its duties hereunder or thereunder, upon advice of
counsel selected by it.
SECTION
8.05. Indemnification To the
extent that the Agent is not reimbursed and indemnified by any Loan Party, the
Lenders will reimburse and indemnify the Agent from and against any and all
liabilities, obligations, losses, damages, penalties, actions, judgments, suits,
costs, expenses, advances or disbursements of any kind or nature whatsoever
which may be imposed on, incurred by, or asserted against the Agent in any way
relating to or arising out of this Agreement or any of the Loan Documents or any
action taken or omitted by the Agent under this Agreement or any of the Loan
Documents, in proportion to each Lender’s Pro Rata Share, including, without
limitation, advances and disbursements made pursuant to Section 8.08; provided, however, that no
Lender shall be liable for any portion of such liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, expenses, advances or
disbursements for which there has been a final judicial determination that such
resulted from the Agent’s gross negligence or willful misconduct. The
obligations of the Lenders under this Section 8.05 shall survive the
payment in full of the Loan and the termination of this Agreement.
50
SECTION
8.06. Agent Individually With
respect to its Pro Rata Share of the Loan made by it and the Note issued to or
held by it, the Agent shall have and may exercise the same rights and powers
hereunder and is subject to the same obligations and liabilities as and to the
extent set forth herein for any other Lender. The terms “Lenders” or
“Required Lenders” or any similar terms shall, unless the context clearly
otherwise indicates, include the Agent in its individual capacity as a Lender or
one of the Required Lenders.
SECTION
8.07. Successor
Agent.
(a) The
Agent may resign from the performance of all its functions and duties hereunder
and under the other Loan Documents at any time by giving at least thirty (30)
Business Days’ prior written notice to Administrative Borrower and each
Lender. Such resignation shall take effect upon the acceptance by a
successor Agent of appointment pursuant to clauses (b) and (c) below or as
otherwise provided below.
(b) Upon
any such notice of resignation, the Required Lenders shall appoint a successor
Agent who, in the absence of a continuing Event of Default, shall be reasonably
satisfactory to the Borrowers. Upon the acceptance of any appointment
as the Agent hereunder by a successor Agent, such successor Agent shall
thereupon succeed to and become vested with all the rights, powers, privileges
and duties of the retiring Agent, and the retiring Agent shall be discharged
from its duties and obligations under this Agreement and the other Loan
Documents. After the Agent’s resignation hereunder as the Agent, the
provisions of this Article VIII shall inure to its benefit as to any
actions taken or omitted to be taken by it while it was the Agent under this
Agreement and the other Loan Documents.
(c) If
a successor Agent shall not have been so appointed within said thirty (30)
Business Day period, the retiring Agent shall then appoint a successor Agent
who, if an Event of Default is not continuing, shall be reasonably satisfactory
to the Borrowers, who shall serve as the Agent until such time, if any, as the
Required Lenders appoint a successor Agent as provided above.
(d) The
Required Lenders may , upon at least 30 Business Days’ prior notice to Agent,
remove Agent, provided, however, that upon such removal, the Lenders shall
execute and deliver to Agent a release and hold harmless agreement, providing
for the release and indemnification of Agent from and against any and all
liabilities, obligations, losses, damages, penalties, actions, judgments, suits,
costs, expenses, advances and disbursements of any kind or nature whatsoever
relating to or arising out of this Agreement or Agent’s actions or omissions
hereunder or under any of the Loan Documents.
51
SECTION
8.08. Collateral
Matters.
(a) The
Agent shall only upon the consent of the Required Lenders from time to time,
during the occurrence and continuance of an Event of Default, make such
disbursements and advances (“Agent Advances”) which the Required Lenders deem
necessary or desirable to preserve or protect the Collateral or any portion
thereof, to enhance the likelihood or maximize the amount of repayment by the
Borrowers of the Loan and other Obligations or to pay any other amount
chargeable to the Borrowers pursuant to the terms of this Agreement, including,
without limitation, costs, fees and expenses as described in Section
9.04. The Agent Advances shall be repayable on demand and be secured
by the Collateral. The Agent Advances shall constitute Obligations
hereunder. The Agent shall notify each Lender and Administrative
Borrower in writing of each Agent Advance, which notice shall include a
description of the purpose of such Agent Advance. Without limitation
to its obligations pursuant to Section 8.05, each Lender agrees that it shall
make available to the Agent, upon the Agent’s demand, in Dollars in immediately
available funds, the amount equal to such Lender’s Pro Rata Share of such Agent
Advance. If such funds are not made available to the Agent by such
Lender, the Agent shall be entitled to recover such funds on demand from such
Lender, together with interest thereon, for each day from the date such payment
was due until the date such amount is paid to the Agent, at the rate of interest
then applicable under the Note.
(b) The
Lenders hereby irrevocably authorize the Agent, upon the request of the Required
Lenders, to release any Lien granted to or held by the Agent upon any Collateral
upon payment and satisfaction of the Loan and all other Obligations which have
matured and which the Agent has been notified in writing are then due and
payable; or constituting property being sold or disposed of in the ordinary
course of any Loan Party’s business and in compliance with the terms of this
Agreement and the other Loan Documents; or constituting property in which the
Loan Parties owned no interest at the time the Lien was granted or at any time
thereafter; or if approved, authorized or ratified in writing by the
Lenders. Upon request by the Agent at any time, the Lenders will
confirm in writing the Agent’s authority to release particular types or items of
Collateral pursuant to this Section 8.08(b).
(c) Upon
receipt by the Agent of confirmation from the Required Lenders of its authority
to release any particular item or types of Collateral, and upon prior written
request by any Loan Party, the Agent shall (and is hereby irrevocably authorized
by the Lenders to) execute such documents as may be necessary to evidence the
release of the Liens granted to the Agent for the benefit of the Lenders upon
such Collateral; provided, however, that (i) the Agent shall not be required to
execute any such document on terms which, in the Agent’s opinion, would expose
the Agent to liability or create any obligations or entail any consequence other
than the release of such Liens without recourse or warranty, and (ii) such
release shall not in any manner discharge, affect or impair the Obligations or
any Lien upon (or obligations of any Loan Party in respect of) all interests in
the Collateral retained by any Loan Party.
(d) The
Agent shall have no obligation whatsoever to any Lenders to assure that the
Collateral exists or is owned by the Loan Parties or is cared for, protected or
insured or has been encumbered or that the Lien granted to the Agent pursuant to
this Agreement has been properly or sufficiently or lawfully created, perfected,
protected or enforced or is entitled to any particular priority, or to exercise
at all or in any particular manner or under any duty of care, disclosure or
fidelity, or to continue exercising, any of the rights, authorities and powers
granted or available to the Agent in this Section 8.08 or in any of the Loan
Documents, it being understood and agreed that in respect of the Collateral, or
any act, omission or event related thereto, the Agent may act in any manner it
may deem appropriate, in its sole discretion, given the Agent’s own interest in
the Collateral as one of the Lenders and that the Agent shall have no duty or
liability whatsoever to any other Lender.
52
SECTION
8.09. Agency for Perfection The Agent
and each Lender hereby appoints the Agent and each other Lender as agent and
bailee for the purpose of perfecting the security interests in and liens upon
the Collateral in assets which, in accordance with Article 9 of the Uniform
Commercial Code, can be perfected only by possession or control (or where the
security interest of a secured party with possession or control has priority
over the security interest of another secured party) and the Agent and each
Lender hereby acknowledges that it holds possession of or otherwise controls any
such Collateral for the benefit of the Agent and the Lenders as secured
party. Should any Lender obtain possession or control of any such
Collateral, such Lender shall notify the Agent thereof, and, promptly upon the
Agent’s request therefor shall deliver such Collateral to the Agent or in
accordance with the Agent’s instructions. Each Loan Party by its execution and delivery of this
Agreement hereby consents to the foregoing.
ARTICLE
IX
MISCELLANEOUS
SECTION
9.01. Notices, Etc
All
notices and other communications provided for hereunder shall be in writing and
shall be mailed, telecopied or delivered, if to any Loan Party, at the following
address:
Frederick’s
of Hollywood Group Inc.
0000
Xxxxxxxx
Xxx Xxxx,
Xxx Xxxx 00000
Attention:
Xxxxxx Xxxxx, Chief Financial Officer
Xxxxx X.
Xxxxxxxxxxxxx, General Counsel
Telephone: 000-000-0000
Telecopier: 000-000-0000
Other
Applicable Borrower
c/o
Frederick’s of Hollywood, Inc.
0000
Xxxxxx Xxxxxxxxx
Xxxxxxxxx,
Xxxxxxxxxx 00000
Attention: Xxxxx
XxXx
Telephone: 000-000-0000
Telecopier: 000-000-0000
with a
copy to:
Xxxxxxxx
Xxxxxx
The
Chrysler Building
000
Xxxxxxxxx Xxxxxx
Xxx Xxxx,
XX 000000-0000
Telephone: 000-000-0000
Telecopier: 000-000-0000
Attention: Xxxxxxx
X. Xxxxxxx
53
if to the Agent, to it at the following
address:
Hilco
Brands, LLC
0 Xxxxxx
Xxxxx
Xxxxxxxxxx,
XX 00000
Attention: Xxxx
Xxxx, General Counsel
with a
copy to:
Fox
Rothschild LLP
000
Xxxxxx Xxxxxx
00xx
Xxxxx
Xxxxxxxxxxxx,
XX 00000
Attention: Xxxxxxx
X. Xxxxx, Esquire
Telephone: 000-000-0000
Telecopier: 000-000-0000
if to
Infinity FS Finance I, LLC, to it at the following address:
c/o
Infinity FS Brands, LLC
0000
Xxxxxxxx, 00xx xxxxx
Xxx Xxxx,
XX 00000
212-695-6666
ext. 119
Attention: Xxxxxxx
X. Xxxxxx, Managing Partner
with a
copy to:
Xxxxxxx
& Masyr, LLP
000
Xxxxxx Xxxxxx
Xxx Xxxx,
Xxx Xxxx 00000
Attention: Xxxxxx
Xxxxxx, Esquire
Telephone: 000-000-0000
Telecopier: 000-000-0000
or, as to
each party, at such other address as shall be designated by such party in a
written notice to the other party complying as to delivery with the terms of
this Section 9.01. All such notices and other communications
shall be effective, (i) if mailed, when received or three (3) days after
deposited in the mails, whichever occurs first, (ii) if telecopied, when
transmitted and confirmation received, or (iii) if delivered, upon
delivery, except that notices to the Agent pursuant to Article II shall not
be effective until received by the Agent.
54
SECTION
9.02. Amendments, Etc
No
amendment or waiver of any provision of this Agreement or the Note,
and no consent to any departure by the Borrowers or any other Loan Party
therefrom, shall in any event be effective unless the same shall be in writing
and signed by the Required Lenders and the Borrower, and then such waiver or
consent shall be effective only in the specific instance and for the specific
purpose for which given provided, however, that no
amendment, waiver or consent shall (i) reduce the principal of, or interest
on, the Loan payable to any Lender, reduce the amount of any fee payable for the
account of any Lender, or postpone or extend any date fixed for any payment of
principal of, or interest or fees on, the Loan payable to Lenders, in each case
without the written consent of any Lender affected thereby, (ii) change the
percentage of the aggregate unpaid principal amount of the Note that is required
for the Lenders or any of them to take any action hereunder, (iii) amend
the definition of “Required Lenders” or “Pro Rata Share”, (iv) release all
or a substantial portion of the Collateral (except as otherwise provided in this
Agreement and the other Loan Documents), subordinate any Lien granted in favor
of the Agent for the benefit of the Lenders, or release any Borrower or any
Guarantor, (v) modify, waive, release or subordinate the priority of the
Obligations (except as permitted in this Agreement and the Loan Documents), or
(vi) amend, modify or waive this Section 9.02 of this Agreement, in
each case without the written consent of each Lender. Notwithstanding
the foregoing, no amendment, waiver or consent shall, unless in writing and
signed by the Agent, affect the rights or duties of the Agent (but not in its
capacity as a Lender) under this Agreement or the other Loan
Documents.
SECTION
9.03. No Waiver; Remedies,
Etc No
failure on the part of the Agent or any Lender to exercise, and no delay in
exercising, any right hereunder or under any other Loan Document shall operate
as a waiver thereof; nor shall any single or partial exercise of any right under
any Loan Document preclude any other or further exercise thereof or the exercise
of any other right. The rights and remedies of the Agent and the
Lenders provided herein and in the other Loan Documents are cumulative and are
in addition to, and not exclusive of, any rights or remedies provided by
law. The rights of the Agent and the Lenders under any Loan Document
against any party thereto are not conditional or contingent on any attempt by
the Agent and the Lenders to exercise any of their rights under any other Loan
Document against such party or against any other Person.
55
SECTION
9.04. Expenses; Taxes; Attorneys’
Fees The
Borrowers will pay on demand, all reasonable
costs and expenses incurred by or on behalf of the Agent including, without
limitation, the cost of all official certificates and certified copies obtained
by or on behalf of the Agent pursuant to Section 4.01 of this Agreement (and, in
the case of clauses (c) through (m) below, the Lenders), regardless of whether
the transactions contemplated hereby are consummated, including, without
limitation, reasonable fees, costs, client charges and expenses of counsel for
the Agent (and, in the case of clauses (c) through (m) below, the Lenders),
accounting, due diligence, periodic field audits, physical counts, valuations,
investigations, searches and filings, monitoring of assets, appraisals of
Collateral, environmental assessments, miscellaneous disbursements, examination,
travel, lodging and meals, arising from or relating to: (a) the
negotiation, preparation, execution, delivery, performance and administration of
this Agreement and the other Loan Documents at the closing on the Loan, up to a
maximum amount of Eighty Thousand Dollars ($80,000.00), (b) the preparation of
any additional Loan Documents, pursuant to Section 6.01(b), and any
requested amendments, waivers or consents to this Agreement or the other Loan
Documents whether or not such documents become effective or are given,
(c) the preservation and protection of any of the Lenders’ rights under
this Agreement or the other Loan Documents, (d) the defense of any claim or
action asserted or brought against the Agent or the Lenders by any Person that
arises from or relates to this Agreement, any other Loan Document, the Agent’s
or the Lenders’ claims against the Borrowers and each other Loan Party, or any
and all matters in connection therewith, (e) the commencement or defense of, or
intervention in, any court proceeding arising from or related to this Agreement
or any other Loan Document, (f) the filing of any petition, complaint,
answer, motion or other pleading by the Agent or the Lenders, or the taking of
any action in respect of the Collateral or other security, in connection with
this Agreement or any other Loan Document, (g) the protection, collection,
lease, sale, taking possession of or liquidation of, any Collateral or other
security in connection with this Agreement or any other Loan Document, (h) any
attempt to enforce any Lien or security interest in any Collateral or other
security in connection with this Agreement or any other Loan Document, (i) any
attempt to collect from the Borrowers or any other Loan Party, (j) the receipt
by the Agent or the Lenders of any advice from professionals with respect to any
of the foregoing, (k) all liabilities and costs arising from or in connection
with the past, present or future operations of the Borrowers and each other Loan
Party involving any damage to real or personal property or natural resources or
harm or injury alleged to have resulted from any Release of Hazardous Materials
on, upon or into such property, (l) any Environmental Liabilities and Costs
incurred in connection with the investigation, removal, cleanup and/or
remediation of any Hazardous Materials present or arising out of the operations
of any facility of any Borrower or any other Loan Party, or (m) any
Environmental Liabilities and Costs incurred in connection with any
Environmental Lien. Without limitation of the foregoing or any other
provision of any Loan Document: (x) the Borrowers agree to pay all
stamp, document, transfer, recording or filing taxes or fees and similar
impositions now or hereafter reasonably determined by the Agent or any Lender to
be payable in connection with this Agreement or any other Loan Document, and the
Borrowers agree to save the Agent and the Lenders harmless from and against any
and all present or future claims, liabilities or losses with respect to or
resulting from any omission to pay or delay in paying any such taxes, fees or
impositions, (y) the Borrowers agree to pay all broker fees that may become due
in connection with the transactions contemplated by this Agreement, and (z) if
the Borrowers fail to perform any covenant or agreement contained herein or in
any other Loan Document, the Agent may itself perform or cause performance of
such covenant or agreement, and the expenses of the Agent incurred in connection
therewith shall be reimbursed on demand by the Borrowers; provided that prompt
written notice of any such actions taken by the Agent shall be given to Group;
provided further, that the
failure to provide such notice shall not relieve the obligation of the Borrowers
to reimburse the Agent in connection therewith.
SECTION
9.05. Rights of Set-Off
Borrowers
agree that Agent and each Lender and their Affiliates shall have all rights of
set-off and lenders’ liens provided by applicable law, and in addition thereto,
Borrowers agree that at any time an Event of Default has occurred and is
continuing, Agent and each Lender may apply to the payment of any Obligations of
Borrowers hereunder, whether or not then due, any and all balances, credits,
deposits, accounts or moneys of Borrower then or thereafter held by Agent or any
Lender or owed to any Borrower. Notwithstanding the foregoing, no
Lender shall exercise any rights described in the preceding sentence without the
prior written consent of Agent.
SECTION
9.06. Severability Any
provision of this Agreement, which is prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining portions
hereof or affecting the validity or enforceability of such provision in any
other jurisdiction.
SECTION
9.07. Assignments and
Participations.
(a) This
Agreement and the Note shall be binding upon and inure to the benefit of the
Borrowers and the other the Loan Parties and the Agent and each Lender and their
respective successors and assigns; provided, however, that each of
the Borrowers and the other Loan Parties may not assign or transfer any of their
rights hereunder, or under the Note, without the prior written consent of each
Lender and any such assignment without the Lenders’ prior written consent shall
be null and void.
56
(b) Each
Lender may, with the written consent of the Required Lenders and, in the absence
of a continuing Event of Default, the Administrative Borrower (such consent in
the case of the Administrative Borrower to not be unreasonably withheld or
delayed), assign to one or more other lenders or other entities all or a portion
of its rights and obligations under this Agreement (including, without
limitation, the Note); provided, however, that no written consent of the
Required Lenders or the Administrative Borrower shall be required in connection
with any assignment by a Lender to an Affiliate of such Lender. Upon
any such assignment, (A) the assignee thereunder shall become a “Lender”
hereunder and, in addition to the rights and obligations hereunder held by it
immediately prior to such effective date, have the rights and obligations
hereunder that have been assigned to it and (B) the assigning Lender shall, to
the extent that rights and obligations hereunder have been assigned by it,
relinquish its rights and be released from its obligations under this Agreement
(and, in the case of an assignment of all or the remaining portion of an
assigning Lender’s rights and obligations under this Agreement, such Lender
shall cease to be a party hereto).
(c) In
order for an assignment to be effective, each such assignee shall enter into a
written agreement with the Agent and the assigning Lender (a “Joinder”),
pursuant to which the assigning Lender and the assignee thereunder confirm to
and agree with the Agent and each other as follows: (A) other
than as provided in such Joinder, the assigning Lender makes no representation
or warranty and assumes no responsibility with respect to any statements,
warranties or representations made in or in connection with this Agreement or
any other Loan Document or the execution, legality, validity, enforceability,
genuineness, sufficiency or value of this Agreement or any other Loan Document
furnished pursuant hereto; (B) the assigning Lender makes no representation
or warranty and assumes no responsibility with respect to the financial
condition of the Loan Parties or any of their Subsidiaries or the performance or
observance by the Loan Parties of any of their obligations under this Agreement
or any other Loan Document furnished pursuant hereto; (C) such assignee
confirms that it has received a copy of this Agreement and the other Loan
Documents, together with such other documents and information it has deemed
appropriate to make its own credit analysis and decision to enter into such
Joinder; (D) such assignee will, independently and without reliance upon
the assigning Lender, the Agent or any Lender and based on such documents and
information as it shall deem appropriate at the time, continue to make its own
credit decisions in taking or not taking action under this Agreement and the
other Loan Documents; (E) such assignee appoints and authorizes the Agent
to take such action as Agent on its behalf and to exercise such powers under
this Agreement and the other Loan Documents as are delegated to the Agent by the
terms thereof, together with such powers as are reasonably incidental thereto;
and (F) such assignee agrees that it will perform in accordance with their
terms all of the obligations which by the terms of this Agreement and the other
Loan Documents are required to be performed by it as a Lender.
(d) (i) The
Agent shall maintain, or cause to be maintained at its offices, a copy of each
Joinder delivered to and accepted by it and a register for the recordation of
the names and addresses of the Lenders and principal amount of the Loan owing to
each Lender from time to time (the “Register”). The entries in
the Register shall be conclusive and binding for all purposes, absent manifest
error, and the Borrowers, the Agent and the Lenders may treat each Person whose
name is recorded in the Register as a Lender hereunder for all purposes of this
Agreement. The Register shall be available for inspection by
Administrative Borrower and any Lender at any reasonable time and from time to
time upon reasonable prior notice.
57
(ii) Upon
its receipt of a Joinder executed by an assigning Lender and an assignee, the
Agent shall, if such assignment has been completed and approved as required by
this Agreement (i) accept such Joinder, (ii) give prompt notice
thereof to Administrative Borrower, (iii) record the information contained
therein in the Register, and (iv) prepare and distribute to each Lender and
Administrative Borrower a revised Schedule 2.02 hereto after giving effect
to such assignment, which revised Schedule 2.02 shall replace the prior
Schedule 2.02 and become part of this Agreement.
(iii) Any
foreign Person who purchases or is assigned or participates in any portion of
the Loan shall provide the Agent (in the case of a purchase or assignment) or
the Lender (in the case of a participation) with a completed Internal Revenue
Service Form W-8 (Certificate of Foreign Status) or a substantially similar form
for such purchaser, participant or any other affiliate who is a holder of
beneficial interests in the Loan.
(e) Each
Lender may sell participations to one or more banks or other entities in or to
all or a portion of its rights and obligations under this Agreement and the
other Loan Documents; provided, that (i) such Lender’s obligations under this
Agreement and the other Loan Documents shall remain unchanged; (ii) such Lender
shall remain solely responsible to the other parties hereto for the performance
of such obligations, and the Borrowers, the Agent and the other Lenders shall
continue to deal solely and directly with such Lender in connection with such
Lender’s rights and obligations under this Agreement and the other Loan
Documents, and (iii) a participant shall not be entitled to require such Lender
to take or omit to take any action hereunder except (A) any action directly
effecting an extension of the maturity dates or decrease in the principal amount
of the Loan, or (B) any action directly effecting an extension of the due dates
or a decrease in the rate of interest payable on the Loan or the fees payable
under this Agreement, or (C) any action directly effecting a release of all or a
substantial portion of the Collateral or any Borrower or any Guarantor (except
as set forth in Section 8.08 of this Agreement or any Loan
Document). The Loan Parties agree that each participant shall be
entitled to the benefits of Section 3.03 of this Agreement with respect to its
participation in any portion of the Loan as if it were a Lender.
SECTION
9.08. Counterparts This
Agreement may be executed in any number of counterparts and by different parties
hereto in separate counterparts, each of which shall be deemed to be an
original, but all of which taken together shall constitute one and the same
agreement. Delivery of an executed counterpart of this Agreement by
telecopier shall be equally as effective as delivery of an original executed
counterpart of this Agreement. Any party delivering an executed
counterpart of this Agreement by telecopier also shall deliver an original
executed counterpart of this Agreement but the failure to deliver an original
executed counterpart shall not affect the validity, enforceability, and binding
effect of this Agreement. The foregoing shall apply to each other
Loan Document mutatis mutandis.
SECTION
9.09. GOVERNING LAW
THIS
AGREEMENT, THE NOTE AND THE OTHER LOAN DOCUMENTS (UNLESS EXPRESSLY PROVIDED TO
THE CONTRARY IN ANOTHER LOAN DOCUMENT IN RESPECT OF SUCH OTHER LOAN DOCUMENT)
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF
NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED IN THE STATE OF NEW
YORK.
58
SECTION
9.10. CONSENT TO JURISDICTION;
SERVICE OF PROCESS AND VENUE ANY LEGAL
ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT
MAY BE BROUGHT IN XXX XXXXXX XX XXX XXXXX XX XXX XXXX IN THE COUNTY OF NEW YORK
OR OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK,
AND, BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH LOAN PARTY HEREBY
IRREVOCABLY ACCEPTS IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY,
THE JURISDICTION OF THE AFORESAID COURTS. EACH LOAN PARTY HEREBY
IRREVOCABLY APPOINTS THE SECRETARY OF STATE OF THE STATE OF NEW YORK AS ITS
AGENT FOR SERVICE OF PROCESS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING AND
FURTHER IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OUT OF ANY OF THE
AFOREMENTIONED COURTS AND IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF
COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO THE
ADMINISTRATIVE BORROWER AT ITS ADDRESS FOR NOTICES AS SET FORTH IN SECTION 9.01
AND TO THE SECRETARY OF STATE OF THE STATE OF NEW YORK, SUCH SERVICE TO BECOME
EFFECTIVE TEN (10) DAYS AFTER SUCH MAILING. NOTHING HEREIN SHALL
AFFECT THE RIGHT OF THE AGENT AND THE LENDERS TO SERVICE OF PROCESS IN ANY OTHER
MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED
AGAINST ANY LOAN PARTY IN ANY OTHER JURISDICTION. EACH LOAN PARTY
HEREBY EXPRESSLY AND IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW,
ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE JURISDICTION OR LAYING
OF VENUE OF ANY SUCH LITIGATION BROUGHT IN ANY SUCH COURT REFERRED TO ABOVE AND
ANY CLAIM THAT ANY SUCH LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT
FORUM. TO THE EXTENT THAT ANY LOAN PARTY HAS OR HEREAFTER MAY ACQUIRE
ANY IMMUNITY FROM JURISDICTION OF ANY COURT OR FROM ANY LEGAL PROCESS (WHETHER
THROUGH SERVICE OR NOTICE, ATTACHMENT PRIOR TO JUDGMENT, ATTACHMENT IN AID OF
EXECUTION OR OTHERWISE) WITH RESPECT TO ITSELF OR ITS PROPERTY, EACH LOAN PARTY
HEREBY IRREVOCABLY WAIVES SUCH IMMUNITY IN RESPECT OF ITS OBLIGATIONS UNDER THIS
AGREEMENT AND THE OTHER LOAN DOCUMENTS.
59
SECTION
9.11. WAIVER OF JURY TRIAL,
ETC EACH LOAN
PARTY, THE AGENT AND EACH
LENDER HEREBY WAIVES ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR
COUNTERCLAIM CONCERNING ANY RIGHTS UNDER THIS AGREEMENT, THE NOTE OR OTHER LOAN
DOCUMENTS, OR UNDER ANY AMENDMENT, WAIVER, CONSENT, INSTRUMENT, DOCUMENT OR
OTHER AGREEMENT DELIVERED OR WHICH IN THE FUTURE MAY BE DELIVERED IN CONNECTION
THEREWITH, OR ARISING FROM ANY FINANCING RELATIONSHIP EXISTING IN CONNECTION
WITH THIS AGREEMENT, AND AGREES THAT ANY SUCH ACTION, PROCEEDINGS OR
COUNTERCLAIM SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A
JURY. EACH LOAN PARTY CERTIFIES THAT NO OFFICER, REPRESENTATIVE,
AGENT OR ATTORNEY OF THE AGENT OR ANY LENDER HAS REPRESENTED, EXPRESSLY OR
OTHERWISE, THAT THE AGENT OR ANY LENDER WOULD NOT, IN THE EVENT OF ANY ACTION,
PROCEEDING OR COUNTERCLAIM, SEEK TO ENFORCE THE FOREGOING
WAIVERS. EACH LOAN PARTY HEREBY ACKNOWLEDGES THAT THIS PROVISION IS A
MATERIAL INDUCEMENT FOR THE AGENT AND THE LENDERS ENTERING INTO THIS
AGREEMENT.
SECTION
9.12. Consent by the Agent and
Lenders Except as
otherwise expressly set forth herein to the contrary, if the consent, approval,
satisfaction, determination, judgment, acceptance or similar action (an
“Action”) of the Agent or any Lender shall be permitted or required pursuant to
any provision hereof or any provision of any other agreement to which the
Borrowers and any other Loan Party are parties and to which the Agent or any
Lender has succeeded thereto, such Action shall be required to be in writing and
may be withheld or denied by the Agent or such Lender, in its sole discretion,
with or without any reason, and without being subject to question or challenge
on the grounds that such Action was not taken in good faith.
SECTION
9.13. Integration This
Agreement, together with the other Loan Documents, reflects the entire
understanding of the parties with respect to the transactions contemplated
hereby and shall not be contradicted or qualified by any other agreement, oral
or written, before the date hereof.
SECTION
9.14. No Party Deemed Drafter
Each of
the parties hereto agrees that no party hereto shall be deemed to be the drafter
of this Agreement.
SECTION
9.15. Reinstatement; Certain
Payments If any
claim is ever made upon the Agent or any Lender or for repayment or recovery of
any amount or amounts received by the Agent or such Lender in payment or on
account of any of the Obligations, the Agent or such Lender shall give prompt
notice of such claim to each other Agent and Lender and Administrative Borrower,
and if the Agent or such Lender repays all or part of such amount by reason of
(i) any judgment, decree or order of any court or administrative body
having jurisdiction over the Agent or such Lender or any of its property, or
(ii) any good faith settlement or compromise of any such claim effected by
the Agent or such Lender with any such claimant, then and in such event each
Loan Party agrees that (A) any such judgment, decree, order, settlement or
compromise shall be binding upon it notwithstanding the cancellation of any
Indebtedness hereunder or under the other Loan Documents or the termination of
this Agreement or the other Loan Documents, and (B) it shall be and remain
liable to the Agent or such Lender hereunder for the amount so repaid or
recovered to the same extent as if such amount had never originally been
received by such Agent or the Lender.
SECTION
9.16. Group as the Agent for the
Borrowers Each
Borrower hereby irrevocably appoints Group as the borrowing agent and
attorney-in-fact for the Borrowers which appointment shall remain in full force
and effect unless and until the Agent shall have received prior written notice
signed by all of the Borrowers that such appointment has been revoked and that
another Borrower has been so appointed. Each Borrower hereby
irrevocably appoints and authorizes Group (i) to provide the Agent with all
notices with respect to the Loan and all other notices and instructions under
this Agreement and (ii) to take such action as Group deems appropriate on
its behalf and to exercise such other powers as are reasonably incidental
thereto to carry out the purposes of this Agreement.
60
SECTION
9.17. Indemnification In
addition to each Loan Party’s other Obligations under this Agreement, each Loan
Party agrees to, jointly and severally, defend, protect, indemnify and hold
harmless the Agent, each Lender and all of their respective officers, directors,
employees, attorneys, consultants and agents (collectively called
the “Indemnitees”) from and against any and all losses, damages,
liabilities, obligations, penalties, fees, reasonable costs and expenses
(including, without limitation, reasonable attorneys’ fees, costs and expenses)
incurred by such Indemnitees, whether prior to or from and after the Effective
Date, whether direct, indirect or consequential, as a result of or arising from
or relating to or in connection with any of the following: (i) the
negotiation, preparation, execution or performance or enforcement of this
Agreement, any other Loan Document or of any other document executed in
connection with the transactions contemplated by this Agreement, (ii) the
Agent’s or any Lender’s furnishing of funds to the Borrowers under this
Agreement, including, without limitation, the management of the Loan,
(iii) any matter relating to the financing transactions contemplated by
this Agreement or the other Loan Documents or by any document executed in
connection with the transactions contemplated by this Agreement or the other
Loan Documents, or (iv) any claim, litigation, investigation or proceeding
relating to any of the foregoing, whether or not any Indemnitee is a party
thereto (collectively, the “Indemnified Matters”); provided, however, that the
Loan Parties shall not have any obligation to any Indemnitee under this Section
9.17 for any Indemnified Matter caused by the gross negligence or willful
misconduct of such Indemnitee, as determined by a final judgment of a court of
competent jurisdiction. To the extent that the undertaking to
indemnify, pay and hold harmless set forth in this Section 9.17 may be
unenforceable because it is violative of any law or public policy, each Loan
Party shall, jointly and severally, contribute the maximum portion which it is
permitted to pay and satisfy under applicable law, to the payment and
satisfaction of all Indemnified Matters incurred by the
Indemnitees. This Indemnity shall survive the repayment of the
Obligations and the discharge of the Liens granted under the Loan
Documents.
SECTION
9.18. Records
The
unpaid principal of and interest on the Note, the interest rate or rates
applicable to such unpaid principal and interest, the duration of such
applicability, and the Closing Fee, shall at all times be ascertained from the
records of the Agent, which shall be conclusive and binding absent manifest
error.
SECTION
9.19. Binding Effect
This
Agreement shall become effective when it shall have been executed by each Loan
Party, the Agent and each Lender and when the conditions precedent set forth in
Section 4.01 hereof have been satisfied or waived in writing by the Agent,
and thereafter shall be binding upon and inure to the benefit of each Loan
Party, the Agent and each Lender, and their respective successors and assigns,
except that the Loan Parties shall not have the right to assign their rights
hereunder or any interest herein without the prior written consent of each
Lender, and any assignment by any Lender shall be governed by Section 9.07
hereof.
61
SECTION
9.20. Confidentiality The Agent
and each Lender agrees (on behalf of itself and each of its affiliates,
directors, officers, employees and representatives) to use reasonable
precautions to keep confidential, in accordance with its customary procedures
for handling confidential information of this nature and in accordance with safe
and sound practices of comparable commercial finance companies, any non-public
information supplied to it by the Loan Parties pursuant to this Agreement or the
other Loan Documents which is identified by the Loan Parties as being
confidential at the time the same is delivered to such Person (and which at the
time is not, and does not thereafter become, publicly available or available to
such Person from another source not known to be subject to a confidentiality
obligation to such Person not to disclose such information), provided that nothing
herein shall limit the disclosure of any such information (i) to the extent
required by statute, rule, regulation or judicial process, (ii) to counsel
for the Agent or any Lender, (iii) to examiners, auditors or accountants,
(iv) in connection with any litigation to which the Agent or any Lender is
a party or (v) to any assignee or participant (or prospective assignee or
participant) so long as such assignee or participant (or prospective assignee or
participant) first agrees, in writing, to be bound by confidentiality provisions
similar in substance to this Section 9.20. The Agent and each Lender
agrees that, upon receipt of a request or identification of the requirement for
disclosure pursuant to clause (iv) hereof, it will make reasonable efforts
to keep the Loan Parties informed of such request or identification; provided that the
each Loan Party acknowledges that the Agent and each Lender may make disclosure
as required or requested by any Governmental Authority or representative thereof
and that the Agent and each Lender may be subject to review by regulatory
agencies and may be required to provide to, or otherwise make available for
review by, the representatives of such parties or agencies any such non-public
information.
SECTION
9.21. Limitations on Liability of
Officers Anything
herein or in any other Loan Document to the contrary notwithstanding any and all
references to the actions, obligations and/or liabilities of any Borrower shall
refer only to the actions, obligations and/or liabilities of the Borrower and
shall not impose any personal obligations or liabilities on the officers
thereof, provided that no officer of a Borrower shall be exonerated or
exculpated for any deficiency, loss or damage suffered by the Agent or any of
the Lenders as a result of any fraud or malfeasance by such
officer.
SECTION
9.22. Intent to Limit Charges to
Maximum Lawful Rate In no
event shall the interest rate or rates payable under this Agreement, plus any
other amounts paid in connection herewith, exceed the highest rate permissible
under any law that a court of competent jurisdiction shall, in a final
determination, deem applicable. The Borrowers, the Lenders and the
Agent, in executing and delivering this Agreement, intend legally to agree upon
the rate or rates of interest and manner of payment stated within it; provided, however, that,
anything contained herein to the contrary notwithstanding, if said rate or rates
of interest or manner of payment exceeds the maximum allowable under applicable
law, then, ipso facto, as of the date of this Agreement, the Borrowers are and
shall be liable only for the payment of such maximum as allowed by law, and any
payment received from the Borrowers in excess of such legal maximum, whenever
received, shall be applied to reduce the principal balance of the Obligations to
the extent of such excess.
SECTION
9.23. USA Patriot Act-Notice
Each
Lender (for itself and not on behalf of any Lender) hereby notifies each of the
Loan Parties that pursuant to the requirements of the USA Patriot Act
(Title III of Pub.L. 107-56 (signed into law October 26, 2001)) (the
“Patriot Act”),
it is required to obtain, verify and record information that identifies the Loan
Parties, which information includes the name and address of each of the Loan
Parties and other information that will allow such Lender, as applicable, to
identify each Loan Party in accordance with the Patriot Act.
62
SECTION
9.24. No Publicity Neither
Agent, nor Lenders, nor any Loan Party shall originate any publicity, news
release or other announcement, written or oral, relating to this Agreement or
the specific terms and conditions of this Agreement without the prior written
consent of the other parties hereto, which shall not unreasonably be withheld;
provided that if a party determines with the advice of counsel that it is
required to make a public filing, issue a news release or make an announcement
of this Agreement or its specific terms and conditions, it shall, at a time in
advance of making such disclosure that is reasonable in the circumstances,
consult with the other parties regarding such disclosure, seek such confidential
treatment for such terms or portions of this Agreement or the transactions
contemplated hereby as may reasonably be requested by another party and disclose
only such information as it is legally compelled to disclose.
SECTION
9.25. Intercreditor Agreement Notwithstanding
anything to the contrary, the exercise of any right or remedy by the Agent or
the Lenders hereunder with respect to the Collateral is subject to the
provisions of the Intercreditor Agreement.
63
IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by
their respective officers thereunto duly authorized, as of the date first above
written.
BORROWERS:
|
||
FREDERICK’S
OF HOLLYWOOD GROUP INC.
|
||
By:
|
/s/ Xxxxxx Xxxxx
|
|
Name: Xxxxxx
Xxxxx
|
||
Title: Chief
Financial Officer
|
||
FOH
HOLDINGS, INC.
|
||
By:
|
/s/ Xxxxxx Xxxxx
|
|
Name: Xxxxxx
Xxxxx
|
||
Title: Chief
Financial Officer
|
||
FREDERICK’S
OF HOLLYWOOD, INC.
|
||
By:
|
/s/ Xxxxxx Xxxxx
|
|
Name: Xxxxxx
Xxxxx
|
||
Title: Chief
Financial Officer
|
||
FREDERICK’S
OF HOLLYWOOD STORES, INC.
|
||
By:
|
/s/ Xxxxxx Xxxxx
|
|
Name: Xxxxxx
Xxxxx
|
||
Title: Chief
Financial Officer
|
||
HOLLYWOOD
MAIL ORDER, LLC
|
||
By:
FOH Holdings, Inc., its Manager
|
||
By:
|
/s/ Xxxxxx Xxxxx
|
|
Name:
Xxxxxx Xxxxx
|
||
Title: Chief
Financial Officer
|
64
AGENT:
|
||
HILCO
BRANDS, LLC
|
||
By:
|
/s/ Xxxxxxxx Xxxxxxx
|
|
Name:
Xxxxxxxx Xxxxxxx
|
||
Title:
Managing Director
|
||
LENDERS:
|
||
HILCO
BRANDS, LLC
|
||
By:
|
/s/ Xxxxxxxx Xxxxxxx
|
|
Name:
Xxxxxxxx Xxxxxxx
|
||
Title:
Managing Director
|
||
INFINITY
FS FINANCE I, LLC
|
||
By:
|
/s/ Xxxxxxx X. Xxxxxx
|
|
Name:
Xxxxxxx X. Xxxxxx
|
||
Title:
Managing Partner
|
65
EXECUTION
VERSION
Schedule
1.01(a)
Guarantor
Guarantor
|
Jurisdiction of
Organization
|
|
Xxxxxxxxxx.xxx,
Inc.
|
Nevada
|
Schedules
1
Schedule
1.01(d)
Permitted
Holders
Fursa
Master Rediscovered Opportunities Fund L.P.
Attn:
Xxxxxxx X. Xxxxxx, Chief Investment Officer
x/x Xxxxx
Xxxxxxxxxxx Xxxxxxxxxx LLC
00 Xxxxx
Xxxxxx
Xxxxxxxxxxx,
XX 00000
Fursa
Capital Partners LP
Attn:
Xxxxxxx X. Xxxxxx, Chief Investment Officer
x/x Xxxxx
Xxxxxxxxxxx Xxxxxxxxxx
00 Xxxxx
Xxxxxx
Xxxxxxxxxxx,
XX 00000
Fursa
Master Global Event Driven Fund LP
Attn:
Xxxxxxx X. Xxxxxx, Chief Investment Officer
x/x Xxxxx
Xxxxxxxxxxx Xxxxxxxxxx
00 Xxxxx
Xxxxxx
Xxxxxxxxxxx,
XX 00000
Scotia
Capital (USA) Inc.
Xxx
Xxxxxxx Xxxxx
000
Xxxxxxxx
Xxx Xxxx,
XX 00000
Blackfriars
Master Vehicle LLC – Series 2
Attn:
Xxxxxxx X. Xxxxxx, Chief Investment Officer
x/x Xxxxx
Xxxxxxxxxxx Xxxxxxxxxx
00 Xxxxx
Xxxxxx
Xxxxxxxxxxx,
XX 00000
Xxxxxx
Investments, LLC
000
Xxxxxx Xxxxxx
Xxxxxxxx,
Xxx Xxxx 00000
TTG
Apparel, LLC
000
Xxxxxx Xxxxxx
Xxxxxxxx,
Xxx Xxxx 00000
0000 X.
00xx
Xxxxxx
Xxxxxxx,
XX 00000
Schedules
2
Schedule
1.01(e)
Warehouse
Locations
0000 X. 00xx
Xxxxxx
Xxxxxxx, XX 00000
Movie
Star of Poplarville
000
Xxxxxxx 00 Xxxxx
Xxxxxxxxxxx,
XX 00000
601/
795-4501
Schedules
3
Schedule
2.02
Lenders’ Proportionate
Shares
Name
|
Amount
|
Percentage
|
||||||
Hilco
Brands, LLC
|
3,500,000 | 50 | % | |||||
Infinity
FS Finance I, LLC
|
3,500,000 | 50 | % |
Schedules
4
Schedule
5.01(e)
Subsidiaries
FOH
Holdings, Inc.
|
Incorporated:
|
Delaware,
May 9, 1997
|
||
Authorized
Stock:
|
100
Common Shares, $.01 par value
|
|||
Issued
Stock:
|
100
Common Shares*
|
|||
Shareholder:
|
Frederick’s
of Hollywood Group Inc.
|
|||
Frederick’s
of Hollywood, Inc.
|
Incorporated:
|
Delaware,
March 1, 1962
|
||
Authorized
Stock:
|
3,000
Common Shares, $0.01 par value
|
|||
Issued
Stock
|
1,000
Common Shares*
|
|||
Shareholder:
|
FOH
Holdings, Inc.
|
|||
Xxxxxxxxxx.xxx,
Inc.
|
Incorporated:
|
Nevada,
April 19, 1999
|
||
Authorized
Stock:
|
120,000,000
common shares of which 80,000,000 Shares are Class A Common $0.01 par
value and 40,000,000 Shares Class B Common $0.01 par
value
|
|||
1,000,000
Preferred $0.01 par value
|
||||
Issued
Stock:
|
11,575,000
Class B Common*
|
|||
Shareholder:
|
Frederick’s
of Hollywood, Inc.
|
|||
Frederick’s
of Hollywood Stores, Inc.
|
Incorporated:
|
Nevada,
July 8, 1998
|
||
Authorized
Stock:
|
1,000
common shares, $0.01 par value
|
|||
Issued
Stock
|
100
common shares*
|
|||
Shareholder:
|
Frederick’s
of Hollywood, Inc.
|
|||
Hollywood
Mail Order, LLC
|
Formation:
|
Nevada,
July 20, 1999
|
||
Manager:
|
FOH
Holdings, Inc.
|
|||
Membership
Interest:
|
Frederick’s
of Hollywood, Inc.
|
|||
Cinejour
Lingerie Inc.
|
Incorporated:
|
Canada,
May 7, 2004
|
||
Authorized
Stock:
|
Unlimited
Class A Common
|
|||
Unlimited
Class B Common
|
||||
Unlimited
Preferred A
|
||||
Unlimited
Preferred B
|
||||
Unlimited
Preferred C
|
||||
Unlimited
Preferred D
|
||||
Issued
Stock:
|
100
Class A Common*
|
|||
Shareholder:
|
Frederick’s
of Hollywood Group Inc.
|
|||
Nature
and type of business conducted:
|
Canadian
wholesale operations
|
|||
Revenues
|
FY09
— US$1,074,750
|
|||
FY10
(11 months) US$751,751
|
||||
FOH
(Hong Kong) Limited
|
Incorporated:
|
Hong
Kong, September 7, 2009
|
||
(Corporation
to be dissolved)
|
Authorized
Stock:
|
100
Shares
|
||
Issued
Stock:
|
100
Shares*
|
|||
Shareholder
|
Frederick’s
of Hollywood Group Inc.
|
|||
Nature
and type of business conducted:
|
Sourcing
and quality control
|
|||
|
Revenues
|
|
0
|
__________________________
*
|
Securities
pledged to Xxxxx Fargo Retail Finance II, LLC (“Senior Lender”) in
accordance with the terms of that certain Pledge and Security Agreement,
dated as of January 28, 2008, by Frederick’s of Hollywood Group Inc. for
the benefit of the Senior Lender.
|
Schedules
5
Schedule
5.01(f)
Litigation; Commercial Tort
Claims
None
Schedules
6
Schedule
5.01(g)
SEC
Filings
None
Schedules
7
Schedule
5.01(i)
ERISA
None
Schedules
8
Schedule
5.01(o)
Real
Property
Name
|
Store
|
Address
|
City
|
State
|
Zip
|
Commencement
Date
|
Expiration
Date
|
Renewal
Options
|
Annual
Base
Rent
|
|||||||||||
Stores
|
||||||||||||||||||||
Flagship
Hollywood
|
10
|
0000
Xxxxxxxxx Xxxx
|
Xxxxxxxxx
|
Xxxxxxxxxx
|
00000
|
9/19/05
|
4/30/15
|
Two five
year
|
$ | 272,897.04 | ||||||||||
Lakewood
Center
|
24
|
00/00
Xxxxxxxx Xxxxxx Xxxx
|
Xxxxxxxx
|
Xxxxxxxxxx
|
00000
|
3/1/65
|
4/30/17
|
$ | 180,134.40 | |||||||||||
Xxxxxxx
Xxxxx
|
00
|
0000
Xxxxxxx Xxxxxx Blvd, SP 2044
|
Xxxxxx
Xxxx
|
Xxxxxxxxxx
|
00000
|
3/1/65
|
6/30/17
|
$ | 183,228.00 | |||||||||||
Inland
Center Xxxx
|
00
|
000
Xxxxxx Center Dr, SP 000
|
Xxx
Xxxxxxxxxx
|
Xxxxxxxxxx
|
00000
|
10/1/66
|
12/31/12
|
$ | 64,506.00 | |||||||||||
Crossroads
Mall
|
56
|
X0000
Xxxxxxxxxx Xxxx
|
Xxxxxxxx
Xxxx
|
Xxxxxxxx
|
00000
|
2/1/74
|
2/28/11
|
$ | 30,879.24 | |||||||||||
Southridge
Mall
|
58
|
0000
X. 00xx Xx.
|
Xxxxxxxxx
|
Xxxxxxxxx
|
00000
|
9/1/70
|
5/31/11
|
$ | 52,719.96 | |||||||||||
Xxxxxxxxx
Xxxx
|
00
|
0000
Xxxxxxxxx Xx Xxx 0000
|
Xxxxx
|
Xxxxx
|
00000
|
3/1/71
|
1/31/14
|
$ | 93,709.44 | |||||||||||
Del
Amo Fashion Square
|
62
|
0000
Xxxxxx Xx, Xx. #00
|
Xxxxxxxx
|
Xxxxxxxxxx
|
00000
|
7/1/71
|
3/31/15
|
$ | 95,600.04 | |||||||||||
Irving
Mall
|
65
|
0000
Xxxxxx Xxxx
|
Xxxxxx
|
Xxxxx
|
00000
|
8/1/71
|
2/29/12
|
$ | 36,000.00 | |||||||||||
Woodfield
Mall
|
00
|
Xxxxxxxxx
Xxxx Xx.X-000X
|
Xxxxxxxxxx
|
Xxxxxxxx
|
00000
|
10/1/71
|
3/31/11
|
$ | 103,226.28 | |||||||||||
Sunrise
Mall
|
75
|
0000
Xxxxxxx Xxxx
|
Xxxxxx
Xxxxxxx
|
Xxxxxxxxxx
|
00000
|
6/1/72
|
1/31/12
|
$ | 46,500.00 | |||||||||||
Town
East Mall
|
77
|
0000
Xxxx Xxxx Xxxx
|
Xxxxxxxx
|
Xxxxx
|
00000
|
8/1/72
|
2/28/13
|
$ | 71,792.04 | |||||||||||
Westminster
Mall
|
105
|
0000
Xxxxxxxxxxx Xxxx
|
Xxxxxxxxxxx
|
Xxxxxxxxxx
|
00000
|
10/1/76
|
5/31/15
|
$ | 86,661.16 | |||||||||||
Southlake
Mall
|
109
|
0000
Xxxxxxxxx Xxxx
|
Xxxxxxxxxxxx
|
Xxxxxxx
|
00000
|
9/1/74
|
month
to month
|
$ | 84,687.00 | |||||||||||
Metro
Center
|
111
|
0000 Xxxxx
Xxxxx Xxxxxxx Xxxx
|
Xxxxxxx
|
Xxxxxxx
|
00000
|
11/1/74
|
12/31/13
|
$ | 83,780.04 | |||||||||||
St.
Clair Square
|
113
|
000
Xx. Xxxxx Xxxxxx
|
Xxxxxxxx
Xxxxxxx
|
Xxxxxxxx
|
00000
|
10/1/74
|
2/28/11
|
$ | 67,221.96 | |||||||||||
University
Square
|
116
|
0000
Xxxxxxxxxx Xxxxxx Xxxx
|
Xxxxx
|
Xxxxxxx
|
00000
|
2/1/75
|
3/31/12
|
$ | 70,664.04 | |||||||||||
The
Plaza at West Covina
|
119
|
000
Xxxxx Xx.
|
Xxxx
Xxxxxx
|
Xxxxxxxxxx
|
00000
|
9/1/75
|
1/31/12
|
$ | 99,497.04 | |||||||||||
Towne
East Square
|
125
|
7700
X. Xxxxxxx
|
Xxxxxxx
|
Xxxxxx
|
00000
|
3/1/76
|
2/28/12
|
$ | 50,000.04 | |||||||||||
North
Riverside Park
|
126
|
7501
X. Xxxxxx Rd., Sp. #D9
|
Xxxxx
Xxxxxxxxx
|
Xxxxxxxx
|
00000
|
11/1/75
|
month
to month
|
$ | 60,000.00 | |||||||||||
Woodland
Hills
|
132
|
0000
X. Xxxxxxxx
|
Xxxxx
|
Xxxxxxxx
|
00000
|
8/1/76
|
1/31/13
|
$ | 59,235.96 | |||||||||||
Coronado
Center
|
135
|
6600
Menaul Blvd NE, Sp. X-000
|
Xxxxxxxxxxx
|
Xxx
Xxxxxx
|
00000
|
10/1/76
|
1/31/15
|
$ | 67,439.40 | |||||||||||
Vancouver
Mall
|
139
|
8700
NE Xxxxxxxxx Xxxx Xx.
|
Xxxxxxxxx
|
Xxxxxxxxxx
|
00000
|
6/1/77
|
1/31/11
|
$ | 52,243.44 |
Schedules
0
Xxxxxxxxx
Xxxx
|
140
|
0000
Xxxxxxxxx Xxxx
|
Xxxxxx
|
Xxxxxxx
|
00000
|
6/1/77
|
12/31/10
|
$ | 65,393.40 | |||||||||||
Xxxxxx
Xxxx
|
000
|
000
Xxxxxxxx Xx.
|
Xxxxxx
|
Xxxxxxxxxxxxx
|
00000
|
5/1/78
|
2/28/13
|
$ | 49,005.00 | |||||||||||
Xxxxxx
Park
|
146
|
0000
Xxxxx Xxxx Xxxx 000
|
Xxx
Xxxxxxx
|
Xxxxx
|
00000
|
3/1/79
|
1/31/14
|
$ | 58,617.96 | |||||||||||
Xxxxxxxxxx
Xxxxxxxx Xxxxxx
|
000
|
000
Xxxxxxxxxx Xxxxxx 00-0000 Xxxxxxxx Xx, Xx. 000
|
Xxxx
|
Xxxxxx
|
00000
|
8/1/80
|
1/31/19
|
$ | 111,564.00 | |||||||||||
Crossroads
|
161
|
0000
X Xxxxxxxxx Xxx. Space 210
|
Xxxxxxxxx
|
Xxxxxxxx
|
00000
|
7/1/80
|
1/31/11
|
$ | 52,550.04 | |||||||||||
The
Xxxxxxx
|
163
|
0000
Xxxxxxx Xx., Xx.0000
|
Xxx
Xxxxx
|
Xxxxxx
|
00000
|
11/1/81
|
1/31/12
|
$ | 74,868.00 | |||||||||||
Chicago
Ridge Mall
|
168
|
300
Chicago Xxxxx Xxxx
|
Xxxxxxx
Xxxxx
|
Xxxxxxxx
|
00000
|
11/1/81
|
month
to month
|
$ | 7,899.36 | |||||||||||
Xxxxxxx
Xxxx xx Xxxxxxxxx
|
000
|
00
Xxxxxxx Xx, Xxx 00000 Space X-000
|
Xxxxxxx
|
Xxxxxxxxxxxxx
|
00000
|
11/1/81
|
1/31/14
|
$ | 76,609.44 | |||||||||||
Lynnhaven
Parkway
|
170
|
701
Lynnhaven Pkwy, Sp E17
|
Xxxxxxxx
Xxxxx
|
Xxxxxxxx
|
00000
|
8/1/81
|
2/28/13
|
$ | 56,661.96 | |||||||||||
Xxxxxx
Creek Square
|
171
|
2901
Capitol of Xxxxx Xxx, Xx X00
|
Xxxxxx
|
Xxxxx
|
00000
|
10/1/81
|
2/28/13
|
$ | 61,320.00 | |||||||||||
Brea
Mall
|
174
|
0000
Xxxx Xxxx
|
Xxxx
|
Xxxxxxxxxx
|
00000
|
2/1/81
|
2/28/14
|
$ | 80,000.04 | |||||||||||
Broadway
Mall
|
178
|
000
Xxxxxxxx Xxxx
|
Xxxxxxxxxx
|
Xxx
Xxxx
|
00000
|
6/1/82
|
month
to month
|
$ | 51,188.64 | |||||||||||
King
of Prussia Plaza
|
190
|
160
N. Gulph Rd. Suite 2039
|
King
of Prussia
|
Pennsylvania
|
19406
|
8/1/83
|
12/31/13
|
$ | 64,074.96 | |||||||||||
Crossgates
Mall
|
197
|
000
Xxxxxxxxxx Xxx., Xxx.
|
Xxxxxx
|
Xxx
Xxxx
|
00000
|
11/4/84
|
1/31/11
|
$ | 81,165.96 | |||||||||||
Arden
Fair
|
198
|
0000
Xxxxx Xxx, Xx.0000
|
Xxxxxxxxxx
|
Xxxxxxxxxx
|
00000
|
10/1/84
|
2/28/13
|
$ | 97,945.56 | |||||||||||
Xxxxxxxxx
Xxxxx
|
000
|
0000
Xxxxxxxxx Xxxxx Ln. Sp. #2142
|
Xxxxxxxxx
|
Xxxxxxxxxx
|
00000
|
11/1/85
|
2/28/18
|
$ | 168,242.88 | |||||||||||
Parkdale
Mall
|
203
|
000
Xxxxxxxx Xxxx, Xxxx X-000
|
Xxxxxxxx
|
Xxxxx
|
00000
|
9/6/86
|
1/31/13
|
$ | 40,767.96 | |||||||||||
Mall
of Xxxxxx Valley
|
211
|
00000
Xxxx Xxxxxx Xx, Xx.000
|
Xxxxxxxxxxx
|
Xxxxxxxxxx
|
00000
|
3/1/88
|
2/28/11
|
$ | 65,981.40 | |||||||||||
Governor's
Square
|
212
|
0000
Xxxxxxx Xxx, Xx 000
|
Xxxxxxxxxxx
|
Xxxxxxxxx
|
00000
|
4/16/88
|
4/30/12
|
$ | 46,275.24 | |||||||||||
Eastridge
Shopping Center
|
213
|
0000
Xxxxxxxxx Xxxx Xxxxx 0000
|
Xxx
Xxxx
|
Xxxxxxxxxx
|
00000
|
11/29/86
|
3/31/15
|
$ | 102,516.96 | |||||||||||
Mission
Valley
|
214
|
0000
Xxxxxx Xxx Xxx Xxxxx, #000
|
Xxx
Xxxxx
|
Xxxxxxxxxx
|
00000
|
11/15/86
|
1/31/17
|
$ | 117,326.04 |
Schedules
10
Plaza
Xxxxxx
|
215
|
0000
Xxxxx Xxxxxx Xx., #0000
|
Xxxxxxxx
Xxxx
|
Xxxxxxxxxx
|
00000
|
11/15/86
|
1/31/18
|
$ | 118,287.00 | |||||||||||
Xxxxx
Xxxxxx Xxxx
|
000
|
0000
Xx Xxxxxx Xxxx, Sp. 246
|
Xxxxxxxx
|
Xxxxxxxxxx
|
00000
|
11/15/86
|
1/31/18
|
$ | 107,250.96 | |||||||||||
Escondido
Promenade
|
217
|
0000-X
Xxxx Xxxx Xxx
|
Xxxxxxxxx
|
Xxxxxxxxxx
|
00000
|
7/15/88
|
1/31/11
|
$ | 40,550.04 | |||||||||||
Coddingtown
Center
|
225
|
278
Xxxxxxxxxx Center Sp. X-0
|
Xxxxx
Xxxx
|
Xxxxxxxxxx
|
00000
|
11/21/88
|
2/28/13
|
$ | 27,099.96 | |||||||||||
Melbourne
Square
|
226
|
0000
X. Xxx Xxxxx Xxx, #000
|
Xxxxxxxxx
|
Xxxxxxx
|
00000
|
2/25/89
|
9/30/13
|
$ | 83,938.32 | |||||||||||
Northridge
Fashion Center
|
227
|
0000
Xxxxx Xxx, Xx 000
|
Xxxxxxxxxx
|
Xxxxxxxxxx
|
00000
|
3/15/89
|
2/28/13
|
$ | 73,530.00 | |||||||||||
Mall
at Weberstown
|
230
|
0000
Xxxxxxx Xxx, Xx 000
|
Xxxxxxxx
|
Xxxxxxxxxx
|
00000
|
5/19/89
|
4/30/14
|
$ | 55,479.96 | |||||||||||
Xxxxxx
Galleria
|
000
|
X-00
& Xxxxxx Xxx, #X000
|
Xxxxxxx
|
Xxx
Xxxx
|
00000
|
5/1/89
|
2/28/18
|
$ | 142,669.68 | |||||||||||
Chico
Mall
|
232
|
1950
E. 20th St, Sp X-000
|
Xxxxx
|
Xxxxxxxxxx
|
00000
|
6/30/89
|
7/31/12
|
$ | 20,776.05 | |||||||||||
Xxxxxx
Mall
|
237
|
0000
Xxxxxx Xxxx.
|
Xxxxxxxxx
|
Xxxxxxxxxx
|
00000
|
7/21/89
|
1/31/13
|
$ | 63,897.00 | |||||||||||
Xxxxxxxx
Xxxxxx Xxxx
|
000
|
0000
X. Xxxxxxx 00, Xx 000
|
Xxxxxxxx
|
Xxxxxxx
|
00000
|
10/5/89
|
2/29/12
|
$ | 40,712.16 | |||||||||||
Emerald
Square Mall
|
245
|
000
X. Xxxxxxxxxx Xx.
|
X.
Xxxxxxxxxxxx
|
Xxxxxxxxxxxxx
|
00000
|
1/23/90
|
1/31/13
|
$ | 88,315.80 | |||||||||||
Xxxxxxx
Xxxx
|
000
|
0000
X. 0xx Xxx Sp F607
|
Xxxxxxxxx
|
Xxxxxxx
|
00000
|
2/12/90
|
1/31/13
|
$ | 64,539.24 | |||||||||||
Greendale
Mall
|
247
|
0
Xxxxxxxx Xx., Xxx 000
|
Xxxxxxxxx
|
Xxxxxxxxxxxxx
|
00000
|
2/12/90
|
2/28/11
|
$ | 36,000.00 | |||||||||||
Town
Center at Xxxx
|
248
|
000
Xxxxxx X.Xxxxxxx Xxxx, #000
|
Xxxxxxxx
|
Xxxxxxx
|
00000
|
4/23/90
|
2/28/13
|
$ | 102,561.96 | |||||||||||
Stonewood
Shopping Center
|
251
|
261
Stonewood St, Sp B35
|
Xxxxxx
|
Xxxxxxxxxx
|
00000
|
7/21/90
|
7/31/15
|
$ | 120,242.40 | |||||||||||
Parkway
Plaza
|
257
|
000
Xxxxxxx Xxxxx
|
Xx
Xxxxx
|
Xxxxxxxxxx
|
00000
|
11/1/90
|
1/31/16
|
$ | 87,300.96 | |||||||||||
Antelope
Valley Mall
|
263
|
0000
Xxxx Xxxxxx "X", Xx.000
|
Xxxxxxxx
|
Xxxxxxxxxx
|
00000
|
9/24/90
|
2/28/18
|
$ | 77,211.00 | |||||||||||
Parks
at Arlington
|
266
|
3811
X.Xxxxxx, Sp.1010 Xxx #000000
|
Xxxxxxxxx
|
Xxxxx
|
00000
|
10/15/90
|
12/31/11
|
$ | 80,520.00 | |||||||||||
Marley
Station
|
270
|
7900
Xxxxxxx Hwy, Sp. X000
|
Xxxx
Xxxxxx
|
Xxxxxxxx
|
00000
|
8/25/90
|
2/28/11
|
$ | 70,280.04 | |||||||||||
Northwoods
Mall
|
273
|
0000
Xxxxxxxxxx Xxxx
|
X.
Xxxxxxxxxx
|
Xxxxx
Xxxxxxxx
|
00000
|
3/25/91
|
1/31/13
|
$ | 50,992.56 | |||||||||||
Mid-Rivers
Mall
|
275
|
2320
Mid Xxxxxx Xxxx
|
Xx.
Xxxxxx
|
Xxxxxxxx
|
00000
|
10/17/90
|
2/28/11
|
$ | 29,052.96 | |||||||||||
Stoneridge
Mall (See Note 1)
|
280
|
0000
Xxxxxxxxxx Xxxx Xx., Xx 000
|
Xxxxxxxxxx
|
Xxxxxxxxxx
|
00000
|
3/15/91
|
2/28/14
|
$ | 85,709.40 |
Schedules
00
Xxxxx
Xxxxxx
|
284
|
947
Xxxxx Center, Sp.C-108
|
Xxxxxxxx
|
Xxxxxx
|
00000
|
8/15/91
|
1/31/12
|
$
|
58,550.04
|
|||||||||||
Gwinnett
Place
|
285
|
0000
Xxxxxxxx Xxxx Xx, Xxx 000
|
Xxxxxx
|
Xxxxxxx
|
00000
|
7/20/91
|
2/28/12
|
$
|
39,000.00
|
|||||||||||
Glendale
Galleria
|
286
|
1306
Glendale Galleria
|
Xxxxxxxx
|
Xxxxxxxxxx
|
00000
|
7/13/91
|
12/31/11
|
$
|
79,446.96
|
|||||||||||
Galleria
at Tyler
|
288
|
1220
Galleria @ Tyler, Sp.G2
|
Xxxxxxxxx
|
Xxxxxxxxxx
|
00000
|
10/15/91
|
month
to month
|
$
|
93,708.00
|
|||||||||||
Crystal
Mall
|
293
|
850
Hartford Turnpike, Sp. P222
|
Xxxxxxxxx
|
Xxxxxxxxxxx
|
00000
|
2/18/92
|
6/30/11
|
$
|
70,068.96
|
|||||||||||
Mall
at Rockingham Park
|
296
|
00
Xxxxxxxxxx Xxxx Xxxx, Xxx 0000
|
Xxxxx
|
Xxx
Xxxxxxxxx
|
00000
|
1/20/92
|
1/31/11
|
$
|
80,000.04
|
|||||||||||
Miami
International Mall
|
297
|
0000
XX 000xx Xxx, Xx.000X
|
Xxxxx
|
Xxxxxxx
|
00000
|
4/17/92
|
12/31/11
|
$
|
55,044.00
|
|||||||||||
Clackamas
Town Center
|
298
|
2201-12000
SE 82nd Ave, Sp E-213
|
Xxxxxxxx
|
Xxxxxx
|
00000
|
5/8/92
|
4/30/13
|
$
|
56,400.00
|
|||||||||||
Staten
Island Mall
|
300
|
0000
Xxxxxxxx Xxx, Xx.0000
|
Xxxxxx
Xxxxxx
|
Xxx
Xxxx
|
00000
|
10/27/93
|
2/29/16
|
$
|
114,494.04
|
|||||||||||
Orlando
Fashion Square
|
301
|
0000
X.Xxxxxxxx Xx, Xx.X0
|
Xxxxxxx
|
Xxxxxxx
|
00000
|
5/7/92
|
2/29/16
|
$
|
66,567.96
|
|||||||||||
Valley
Plaza Shopping Center
|
303
|
2701
Ming Ave, Sp. 000
|
Xxxxxxxxxxx
|
Xxxxxxxxxx
|
00000
|
6/13/92
|
3/31/18
|
$
|
91,056.00
|
|||||||||||
Rosedale
Center
|
304
|
000
Xxxxxxxx Xxxxxx, Xx.X-00
|
Xxxxxxxxx
|
Xxxxxxxxx
|
00000
|
6/13/92
|
1/31/14
|
$
|
91,779.96
|
|||||||||||
Newport
Center
|
308
|
30
Mall Dr. W, Sp B11/B12
|
Xxxxxx
Xxxx
|
Xxx
Xxxxxx
|
00000
|
7/30/92
|
1/31/17
|
$
|
122,000.04
|
|||||||||||
The
Fashion Center at Pentagon (See Note 2)
|
310
|
0000
X.Xxxxx Xx Xx.X-0
|
Xxxxxxxxx
|
Xxxxxxxx
|
00000
|
7/13/92
|
1/31/13
|
$
|
110,106.84
|
|||||||||||
Orange
Park Mall
|
312
|
1910
Xxxxx Xx, Sp. X00
|
Xxxxxx
Xxxx
|
Xxxxxxx
|
00000
|
8/29/92
|
2/28/19
|
$
|
97,760.04
|
|||||||||||
Tucson
Mall
|
317
|
0000
X.Xxxxxx Xx, Xx.000
|
Xxxxxx
|
Xxxxxxx
|
00000
|
7/21/93
|
2/28/15
|
$
|
66,419.00
|
|||||||||||
Fairlane
Town Center
|
320
|
00000
Xxxxxxxx Xxx, Xx.X000
|
Xxxxxxxx
|
Xxxxxxxx
|
00000
|
2/1/94
|
2/28/11
|
$
|
51,999.96
|
|||||||||||
Fairfield
Commons
|
321
|
0000
Xxxxxxxxx Xxxxxxx
|
Xxxxxx
Xxxxx
|
Xxxx
|
00000
|
3/13/94
|
9/30/17
|
$
|
93,702.00
|
|||||||||||
Xxxxx
Mall
|
323
|
4800
X. Xxxxx St Sp. 242
|
Xxxx
Xxxxx
|
Xxxxx
|
00000
|
7/28/94
|
4/30/18
|
$
|
93,600.00
|
|||||||||||
Xxxxxxxxx
Xxxx
|
000
|
0000
Xxxxxxxx Xxx, Xx.00
|
Xxxxxxxxxx
|
Xxxx
|
00000
|
11/28/94
|
12/31/14
|
$
|
53,787.96
|
|||||||||||
Parmatown
Mall
|
329
|
0000
X. Xxxxxxxxx Xx
|
Xxxxx
|
Xxxx
|
00000
|
7/19/96
|
month
to month
|
$
|
32,000.04
|
|||||||||||
Xxxxxxx
Xxxx
|
000
|
0000
Xxxxxxx Xxxx Space 1025
|
Massapequa
|
New
York
|
11758
|
11/27/96
|
1/31/18
|
$
|
76,577.04
|
Schedules
00
Xxxxxxxx
Xxxx
|
337
|
11200
Lakeline Mall Dr, Sp. M17
|
Xxxxx
Xxxx
|
Xxxxx
|
00000
|
9/21/96
|
2/28/14
|
$
|
86,700.00
|
|||||||||||
The
Block
|
342
|
00
Xxxx Xxxx. Xxxx Xxxx. X0, Xxx 000
|
Xxxxxx
|
Xxxxxxxxxx
|
00000
|
11/19/98
|
2/28/16
|
$
|
96,234.00
|
|||||||||||
Sun
Valley
|
350
|
264
Sun Valley Mall, Space D128
|
Xxxxxxx
|
Xxxxxxxxxx
|
00000
|
11/11/99
|
2/28/11
|
$
|
120,000.00
|
|||||||||||
Arizona
Xxxxx
|
351
|
0000
Xxxxxxx Xxxxx Xxxxxx Space 224
|
Xxxxxx
|
Xxxxxxx
|
00000
|
1/15/01
|
2/28/11
|
$
|
58,515.00
|
|||||||||||
Xxx
Xxxxxxxxx Xxxx
|
000
|
0000
Xxxxxxxx Xxxxxxx Sp., 146
|
Las
Vegas
|
Nevada
|
89109
|
7/24/01
|
1/31/12
|
$
|
83,232.00
|
|||||||||||
Xxxxxxxx
Fashion Center
|
355
|
0000
Xxxx Xxxxxxxx Xxxx.
|
Xxxxxxxx
|
Xxxxxxx
|
00000
|
10/19/01
|
2/29/12
|
$
|
74,412.00
|
|||||||||||
Great
Lakes Crossing
|
356
|
0000
Xxxxxxx Xxxx Sp. 000
|
Xxxxxx
Xxxxx
|
Xxxxxxxx
|
00000
|
3/25/02
|
1/31/12
|
$
|
50,000.04
|
|||||||||||
Discover
Xxxxx
|
357
|
5900
Sugarloaf Pkwy Sp. 000
|
Xxxxxxxxxxxxx
|
Xxxxxxx
|
00000
|
11/15/01
|
2/28/12
|
$
|
68,000.04
|
|||||||||||
Ontario
Xxxxx
|
000
|
Xxx
Xxxxx Xxxxxx Xxxxx #000
|
Xxxxxxx
|
Xxxxxxxxxx
|
00000
|
5/9/02
|
2/28/12
|
$
|
81,051.96
|
|||||||||||
Xxxx
Xxxxx
|
362
|
0000
Xxxx Xxxxxx, Xxxxx 000
|
Xxxx
|
Xxxxx
|
00000
|
11/15/03
|
2/28/13
|
$
|
53,787.96
|
|||||||||||
Fashion
Show Mall
|
363
|
3200
Las Vegas Blvd. Space 2320
|
Xxx
Xxxxx
|
Xxxxxx
|
00000
|
11/28/03
|
2/28/14
|
$
|
170,869.92
|
|||||||||||
Xxxxxxxx
Xxxx
|
000
|
000
Xxxxxxx Xxxx Xx.Sp. 0000
|
Xxx
Xxxx
|
Xxxxxxxxxx
|
00000
|
1/7/04
|
1/31/14
|
$
|
97,316.04
|
|||||||||||
Westfield
Shoppingtown Santa Xxxxx
|
365
|
000
Xxxxx Xxxxxxx Xxx Xxxxx #000-X
|
Xxxxxxx
|
Xxxxxxxxxx
|
00000
|
10/1/04
|
1/31/15
|
$
|
79,199.04
|
|||||||||||
Irvine
Spectrum
|
366
|
00
Xxxxxxx Xx #000
|
Xxxxxx
|
Xxxxxxxxxx
|
00000
|
12/10/04
|
12/1/14
|
$
|
55,320.00
|
|||||||||||
The
Shops at Xx Xxxxxxx
|
367
|
15900
Xx Xxxxxxx Pkwy Xxxx 00, Xxx 00000
|
Xxx
Xxxxxxx
|
Xxxxx
|
00000
|
9/16/05
|
2/28/16
|
$
|
90,000.00
|
|||||||||||
Memorial
City Mall
|
368
|
000
Xxxxxxxx Xxxx Xxx
|
Xxxxxxx
|
Xxxxx
|
00000
|
10/19/04
|
2/28/15
|
$
|
79,200.00
|
|||||||||||
Citrus
Park
|
369
|
0000
Xxxxxx Xxxx Xxxx Xxxxxx
|
Xxxxx
|
Xxxxxxx
|
00000
|
11/26/04
|
1/31/15
|
$
|
97,896.00
|
|||||||||||
Xxxxxxxxx
Xxxxxxx
|
370
|
000
Xxxxxxx Xxxx Xxxxxx
|
Xxxxxxx
|
Xxxxxxx
|
00000
|
8/1/05
|
1/31/16
|
$
|
102,009.96
|
|||||||||||
The
Shops at Tanforan
|
371
|
0000
Xx Xxxxxx Xxxx Xxxxx 000
|
Xxx
Xxxxx
|
Xxxxxxxxxx
|
00000
|
10/6/05
|
2/29/16
|
$
|
76,566.00
|
|||||||||||
Westfield
Countryside
|
372
|
00000
XX Xxxxxxx 00 Xxxxx, Xxxxx 0000
|
Xxxxxxxxxx
|
Xxxxxxx
|
00000
|
5/1/06
|
1/31/17
|
$
|
92,784.96
|
|||||||||||
Westfield
San Francisco
|
374
|
000
Xxxxxx Xx. Xx #000
|
Xxx
Xxxxxxxxx
|
Xxxxxxxxxx
|
00000
|
12/6/06
|
6/30/17
|
$
|
243,198.72
|
|||||||||||
The
Promenade Shops at Dos Lagos
|
375
|
0000
Xxxxx Xxxxx Xxxxx #000
|
Xxxxxx
|
Xxxxxxxxxx
|
00000
|
10/6/06
|
2/28/17
|
$
|
47,610.72
|
Schedules
00
Xxxxx
Xxxxx
|
376
|
0000
Xxxxx Xxxxx Xx #000
|
Xxxxxxxx
|
Xxx
Xxxx
|
00000
|
11/24/06
|
2/28/17
|
$
|
211,875.00
|
|||||||||||
Coastland
Center
|
377
|
0000
Xxxxx Xxxxxxx Xxxxx, Space #J-9
|
Xxxxxx
|
Xxxxxxx
|
00000
|
5/1/07
|
4/30/17
|
$
|
90,000.00
|
|||||||||||
Miracle
Mile
|
379
|
3663
Las Vegas Blvd., Space X000X
|
Xxx
Xxxxx
|
Xxxxxx
|
00000
|
6/1/07
|
2/28/18
|
$
|
229,860.00
|
|||||||||||
Fox
Hills
|
380
|
0000
Xxxxxxxxx Xxxx. Xxxxx #0000
|
Xxxxxx
Xxxx
|
Xxxxxxxxxx
|
00000
|
10/1/07
|
6/30/18
|
$
|
119,853.96
|
|||||||||||
Coral
Square
|
381
|
0000
X. Xxxxxxxx Xxxx., Space 9553
|
Xxxxx
Xxxxxxx
|
Xxxxxxx
|
00000
|
10/1/07
|
9/30/17
|
$
|
92,199.96
|
|||||||||||
Mandalay
Bay
|
382
|
3930
Las Vegas Blvd South, Space #104
|
Las
Vegas
|
Nevada
|
89119
|
8/1/07
|
7/31/10
|
$
|
46,860.00
|
|||||||||||
Xxxxxx
Xxxx
|
000
|
0000
Xxxxxxxxx Xxx., Space 0000
|
Xxxx
Xxxxx
|
Xxxxxxx
|
00000
|
9/1/07
|
2/28/18
|
$
|
101,115.00
|
|||||||||||
Seminole
Town Center
|
384
|
000
Xxxxx Xxxxxx Xxxxxx, Xxxxx X-0
|
Xxxxxxx
|
Xxxxxxx
|
00000
|
10/1/07
|
2/28/18
|
$
|
64,064.04
|
|||||||||||
Main
Place
|
385
|
2800
N. Main Street, Space 610
|
Xxxxx
Xxx
|
XX
|
00000
|
11/1/08
|
2/28/19
|
$
|
138,579.96
|
|||||||||||
Galleria
at Roseville
|
386
|
0000
Xxxxxxxx Xxxx., Xxxxx 000X
|
Xxxxxxxxx
|
XX
|
00000
|
10/15/09
|
1/31/20
|
$
|
174,750.00
|
|||||||||||
Fresno
Fashion Fair
|
387
|
000
Xxxx Xxxx Xxx.
|
Xxxxxx
|
XX
|
00000
|
10/22/08
|
7/31/18
|
$
|
132,605.04
|
|||||||||||
Xxxxxx
Plaza
|
388
|
324
Xxxxxx Plaza, Space X000
|
Xxx
Xxxxx
|
XX
|
00000
|
4/1/08
|
2/28/18
|
$
|
122,841.00
|
|||||||||||
North
County
|
389
|
200
East Xxx Xxxxxx Xxxxxxx, Xxxxx X000
|
Xxxxxxxxx
|
XX
|
00000
|
4/15/08
|
2/28/18
|
$
|
142,482.96
|
|||||||||||
Mall
of America
|
390
|
00
Xxxx Xxxxxxxx, Xxxxx X000
|
Xxxxxxxxxxx
|
XX
|
00000
|
11/15/08
|
1/31/19
|
$
|
143,880.00
|
|||||||||||
Westfield
Broward Shopping Center
|
402
|
0000
Xxxx Xxxxxxx Xxxx., Xxxxx 0000
|
Xxxxxxxxxx
|
XX
|
00000
|
9/23/09
|
4/30/11
|
$
|
60,000.00
|
|||||||||||
Other
|
||||||||||||||||||||
Retail
Corporate Office
|
N/A
|
0000
Xxxxxx Xxxx.
|
Xxxxxxxxx
|
Xxxxxxxxxx
|
00000
|
3/1/05
|
2/28/15
|
5
years
|
$
|
794,771.00
|
||||||||||
Phoenix
Operations Center
|
N/A
|
0000
X 00xx Xx.
|
Xxxxxxx
|
Xxxxxxx
|
00000
|
9/25/98
|
3/31/18
|
5
years
|
$
|
1,314,107.00
|
||||||||||
Wholesale
Corporate Office
|
N/A
|
0000
Xxxxxxxx
|
Xxx
Xxxx
|
Xxx
Xxxx
|
00000
|
1/1/00
|
12/31/10
|
$
|
1,210,307.00
|
|||||||||||
Sales
Office and Showroom
|
N/A
|
000
Xxxxxxx Xxxxxx
|
Xxx
Xxxx
|
Xxx
Xxxx
|
00000
|
4/1/06
|
5/30/11
|
$
|
1,115,595.00
|
|||||||||||
Warehouse
and Distribution
|
N/A
|
000
Xxxxxxx 00 Xxxxx
|
Xxxxxxxxxxx
|
XX
|
00000
|
11/29/00
|
11/29/10
|
10
years
|
$
|
7,500.00
|
||||||||||
Sample
and Patternmaking
|
N/A
|
Km.
26 Bo. Xxxxxxx, Rizal
|
Philippines
|
Manila
|
2/1/08
|
1/31/11
|
3
years
|
$
|
36,745.00
|
|||||||||||
Office
|
N/A
|
12/Floor,
"A" Hang Cheong Factory Bldg 1, Wing Ming Street, Xxxxxx Sha
Wan
|
Kowloon
|
Hong
Kong
|
9/1/09
|
Month
to Month
|
$
|
3,857.00
|
Schedules
14
(1)
|
Stoneridge
Mall (Store 280) – uncured Notice of Default in the amount of
$10,505.82. Frederick’s of Hollywood Stores, Inc., the Tenant,
is currently in negotiations with the Landlord to resolve this outstanding
amount.
|
(2)
|
The
Fashion Center at Pentagon (Store 310) – uncured Notice of Default in the
amount of $35,234.72. Frederick’s of Hollywood Stores, Inc.,
the Tenant, is currently in negotiations with the Landlord to resolve this
outstanding amount.
|
Schedules
15
Schedule
5.01(q)
Environmental
Matters
None
Schedules
16
Schedule
5.01(r)
Insurance
|
1.
|
Hartford
Fire Insurance Company Commercial Package Policy No. 31UUNZS4985 held by
Frederick’s of Hollywood Group Inc. for Commercial Property with limits of
$4,222,400 (blanket business personal property) and $855,000 (blank
business income/extra expense).
|
|
2.
|
Hartford
Fire Insurance Company Commercial Package Policy No. 31UUNZS4985 held by
Frederick’s of Hollywood Group Inc. for Commercial General Liability with
an aggregate limit of $2,000,000
|
|
3.
|
Hartford
Fire Insurance Company Commercial Package Policy No. 31UUNZS4985 held by
Frederick’s of Hollywood Group Inc. for Commercial Automobile with a limit
of liability of $1,000,000.
|
|
4.
|
Federal
Insurance Company Policy No. 79816813 Excess Liability held by Frederick’s
of Hollywood Group Inc. with a limit of
$20,000,000.
|
|
5.
|
Continental
Insurance Company (CNA) Ocean Marine Policy No.OC243696 held by
Frederick’s of Hollywood Group Inc. with a limit of $8,500,000 (Movie Star
of Poplarville), $3,000,000 (Phoenix Distribution Center), $1,500,000
(Movie Star Phils, Inc.) $750,000 (Xxxxxxxxx Merchandising, $500,000
(Cancon Logistics), $500,000 (unnamed domestic location) and $250,000
(unnamed foreign location).
|
|
6.
|
Illinois
National Directors and Officers Liability Policy No. 018567391 held by
Frederick’s of Hollywood Group Inc. with a limit of
$10,000,000.
|
|
7.
|
XL
Speciality Insurance Company Excess Directors and Officers Liability
Policy No. ELU11701610 held by Frederick’s of Hollywood Group Inc. with a
limit of $5,000,000.
|
|
8.
|
Illinois
National Employment Practices Liability Policy No. 01541466 held by
Frederick’s of Hollywood Group Inc. with a limit of
$10,000,000.
|
|
9.
|
Xxxxxxx
Insurance Company Commercial Property Coverage Policy No. V15LR909P held
by Frederick’s of Hollywood Group Inc. with a limit of $95,220,855
(blanket personal property), and $14,362,600 (blanket business
interruption and extra expense).
|
|
10.
|
St.
Xxxx Fire and Marine Crime Coverage Policy No. CR09000113 held by
Frederick’s of Hollywood Group Inc. with a limit of
$1,000,000.
|
|
11.
|
American
International Specialty Lines Internet Liability Policy No. 071894165 held
by Frederick’s of Hollywood Group Inc. with a limit of
$3,000,000.
|
|
12.
|
Hartford
Insurance Group Workers Compensation (excludes Hawaii) Policy No.
31WBIV5908 held by Frederick’s of Hollywood Group Inc. with a limit of
$1,000,000.
|
Schedules
17
|
13.
|
Hartford
Insurance Group Workers Compensation (Hawaii only) Policy No. 31WBIV5142
held by Frederick’s of Hollywood Group Inc. with a limit of
$1,000,000.
|
|
14.
|
Ace
Insurance Company Foreign Package Policy No. PHF37757135 held by
Frederick’s of Hollywood Group Inc. for Foreign Property with limits of
$500,000 (Movie Star Phils, Inc.) and $25,000 (unnamed
locations).
|
|
15.
|
Ace
Insurance Company Foreign Package Policy No. PHF37757135 held by
Frederick’s of Hollywood Group Inc. for Foreign General Liability with an
aggregate limit of $2,000,000
|
|
16.
|
Ace
Insurance Company Foreign Package Policy No. PHF37757135 held by
Frederick’s of Hollywood Group Inc. for Foreign Automobile with a limit of
$1,000,000.
|
|
17.
|
Ace
Insurance Company Foreign Package Policy No. PHF37757135 held by
Frederick’s of Hollywood Group Inc. for Foreign Workers Compensation with
a limit of $1,000,000.
|
|
18.
|
Illinois
National Fiduciary/Pension Trust Liability Policy No. 011783797 held by
Frederick’s of Hollywood Group Inc. with a limit of
$4,000,000.
|
|
19.
|
Hartford
Casualty Insurance Company Commercial Umbrella Policy No. 31RHUZ3839 held
by Frederick’s of Hollywood Group Inc. with a limit of
$10,000,000.
|
|
20.
|
AXA
Equitable Insurance Company Life Insurance Policy No. 108004618 on the
life of Xxxxx XxXx held by Frederick’s of Hollywood Group Inc. as
beneficiary with a face value of
$5,000,000.
|
Schedules
18
Schedule
5.01(u)
Intellectual
Property
A. Intellectual Property of
Frederick’s of Hollywood, Inc. (“FOH”)
1. Trademarks
XXXX
|
SN/REG.
NO.
|
FILED /
ISSUED
|
EXP.
DATE
|
CLASS
|
FIRST
USE
|
DECL.
8 & 15 DUE
|
OWNER
|
GOODS/SERVICES
|
STATUS
|
|||||||||
CALIFORNIA.
|
||||||||||||||||||
FREDERICK’S
|
Reg.
No.
(CA)
4368
Renewal
No. 7565
|
Issued
4/30/76
Renewed
4/30/06
|
4/30/16
|
35
|
4/1947
3/1946
|
N/A
|
FOH
|
Retail
sales of wearing apparel and accessories, toilet preparations, watches,
books.
|
Next
renewal due by 4/30/16.
|
|||||||||
U.S.
|
||||||||||||||||||
F
(Stylized)
|
Reg.
No.
3,532,435
|
Issued
11/11/2008
|
11/11/18
|
3,
18, 21, 25
|
3-
11/1/03
11/1/03
18-10/1/04
10/1/04
21-11/1/03
11/2/03
25-
3/1/02
3/1/03
|
Due
11/12/13
-
11/11/14
|
FOH
|
3-Bubble
bath, body oil, body beads, body glitter; body; bath power, face powder,
talcum powder, perfume, cologne, toilet water, essential oils for personal
use, hand cream, body cream, face cream, face cleanser.
18-Toiletry
cases of imitations leather.
21-Non-metal
decorative boxes, namely, soap boxes and ceramic boxes for hair care
accessories.
25-Body
shapers, body suits, bustiers, camisoles, dresses, foundation garments,
garter belts, lingerie, loungewear, negligees, night gowns, night shirts,
pajamas, panties, pantyhose, sleepwear, stockings, tap pants, teddies,
underpants.
|
Decl.
of Continued Use & Incontestability due between 11/11/13 -
11/11/14.
|
|||||||||
F
(Stylized)
|
|
Reg.
No.
3,076,474
|
|
Issued
4/4/2006
|
|
4/4/16
|
|
3,
4, 25, 35
|
|
6/2000
6/2000
|
|
Due
4/4/11-4/4/12
|
|
FOH
|
|
003
– Toilet water and body
lotion.
004
– Candles.
025
- Clothing, namely, bras, breast enhancers and push-up
pads.
035
- Retail store, mail order catalogue services, and computerized on-line
retail store services in the fields of clothing, accessories, personal
care products, gifts, stationery, furnishings, household products and
linens.
|
|
Decl.
of Continued Use & Incontestability due between
4/4/11-4/4/12.
|
Schedules
19
XXXX
|
SN/REG.
NO.
|
FILED
/
ISSUED
|
EXP.
DATE
|
CLASS
|
FIRST
USE
|
DECL.
8 & 15 DUE
|
OWNER
|
GOODS/SERVICES
|
STATUS
|
|||||||||
CORSETINI
|
85/029,166
|
Filed
5/3/10
|
03,
25
|
ITU
|
FOH
|
03 -
Bath oil; body cream; body lotion; body oil; body powder; fragrances;
perfumes and colognes; shower and bath gel; sun care lotions.
25 –
Bathing suits; bras; cover-ups; lingerie; panties, shorts and briefs;
swimwear.
|
Application
filed.
|
|||||||||||
FREDERICK’S
|
Reg.
No.
1,055,867
|
Issued
1/11/1977
|
1/11/17
|
3
|
3/1946
|
Filed
|
FOH
|
003
- Breast cream, perfume, skin lotion, nail enamel, nail polish,
shaving cream, face wrinkle cream, and body massage
cream.
|
Next
renewal due by 1/11/17.
|
|||||||||
FREDERICK’S
|
Reg.
No.
1,058,525
|
Issued
2/8/1977
Renewed
|
2/8/17
|
25
|
3/1946
|
Filed
|
FOH
|
025
- Aprons, gowns, lingerie, blouses, boas, bodyshirts, bodysuits,
boots, brassieres, briefers, chemises, coats, coveralls, corsets,
culottes, dresses (women's and [ girls' ] ), dusters, foundation garments,
fur capes, fur coats, fur neck pieces, fur pieces, garter belts, garters,
girdles, half slips, hosiery, housecoats, jackets, jerseys, jumpsuits,
nightgowns, pajamas, panties, pant sets, pantsuits, panty hose, paste-on
bras, peignoir sets, petticoats, playsuits, robes, shirts (men's [ and
boys' ] ), shoes, shorts, skirts, slacks, slippers, slips, stoles, suits,
sweaters, swimsuits, theatrical clothes, undershorts, and waist
cinchers.
|
Next
renewal due by 2/8/17.
|
|||||||||
FREDERICK’S
|
Reg.
No.
1,052,485
|
Issued
11/9/1976
|
11/9/16
|
26
|
3/1946
|
Filed
|
FOH
|
026
- Hairpieces and wigs.
|
Next
renewal due by 11/9/16.
|
|||||||||
FREDERICK’S
|
Reg.
No.
1,051,548
|
Issued
10/26/1976
|
10/26/16
|
42
|
1946
|
Filed
|
FOH
|
042
- Retail store and mail order services in the fields of clothing, personal
items, cosmetics and toiletries, pharmaceuticals and exercising equipment
and aids.
|
Next
renewal due by 10/26/16.
|
|||||||||
FREDERICK’S
(Stylized)
|
|
Reg.
No.
664,746
|
|
Issued
7/22/1958
|
|
7/22/18
|
|
25
|
|
1946
|
|
Filed
|
|
FOH
|
|
025 -
Women's and girls' dresses, brassieres, corsets, girdles,
foundation garments, slips, panties, garter belts, slippers, hosiery,
nightgowns, pajamas, robes, chemises, men's under shorts, and
pajamas.
|
|
Next
renewal due by
7/22/18.
|
Schedules
20
XXXX
|
SN/REG.
NO.
|
FILED
/
ISSUED
|
EXP.
DATE
|
CLASS
|
FIRST
USE
|
DECL.
8 & 15 DUE
|
OWNER
|
GOODS/SERVICES
|
STATUS
|
|||||||||
FREDERICK’S
OF HOLLYWOOD
|
Reg.
No.
1,674,329
|
Issued
2/4/1992
|
2/4/12
|
25
|
1946
|
Filed
|
FOH
|
025
- [Aprons,] gowns, lingerie, blouses, boas, bodyshirts, bodysuits, boots,
brassieres, briefers, chemises, coats, [ coveralls, ] corsets, culottes,
dresses (women's and girls), dusters, foundation garments, [ fur capes,
fur coats, fur neck pieces, fur pieces, ] garter belts, garters, girdles,
half slips, hosiery, [ housecoats, ] jackets, jerseys, jumpsuits,
nightgowns, pajamas, panties, pantsuits, panty hose, paste-on bras,
peignoir sets, [ petticoats, ] playsuits, robes, shirts, shorts, shoes,
skirts, slacks, slippers, slips, stoles, suits, sweaters, swimsuits,
undershorts, and waist
cinchers.
|
Next
renewal due by 2/4/12.
|
|||||||||
FREDERICK’S
OF HOLLYWOOD
(Stylized)
|
Reg.
No.
3,405,857
|
Issued
4/1/08
|
4/1/18
|
3,
4, 14, 18, 28
|
3
-6/1/05
4-1/1/05
14-9/1/05
18-7/1/05
28-1/1/05
|
3/31/13
-
4/1/14
|
FOH
|
003
- Personal
care products, namely, nail polish, nail polish remover, nail stencils,
hard artificial nails, fragrant body splash, hand lotion, face lotion,
hand soap, face soap, hair shampoo, hair conditioner, hair styling gel,
hair spray, hair dyes, hair rinses, perfume, cologne, toilet water, and
essential oils for personal use, mascara, blush, eye shadow, lip stick,
lip gloss, make-up powder and make-up foundation, make-up remover, eye
cream, hand cream, body cream, face cream, cosmetic astringent for the
face, face cleanser, bath oil, bath beads, face powder, bath powder,
talcum powder, non-medicated blemish stick, shaving cream, deodorant,
potpourri, scented beads, body suntan lotion, face suntan lotion, body
sunless tanning lotion, face sunless tanning lotion, body pre-sun tanning
lotion, face pre-sun tanning lotion, body after sun tanning lotion and
face after sun tanning lotion, laundry care products, namely, dryer fabric
softener sheets; home fragrance products, namely, potpourri, room
fragrancing gels and toilet soaps; washing compounds for use with
lingerie.
004
– Candles.
014
- Jewelry, horological and chronometric instruments, namely, watches and
clocks.
018
- Handbags, wallets, purses, coin purses, tote bags, briefcases, attaché,
shoulder bags, and toiletry cases made of leather and imitations of
leather, sport bags,
luggage.
028
- Sporting goods, namely golf balls, tennis balls, baseballs, and
toys namely plush, stuffed animals and dolls; playing
cards.
|
Decl.
of Continued Use & Incontestability due between
3/31/13-4/1/14.
|
Schedules
21
FREDERICK’S
OF HOLLYWOOD
(Stylized)
|
|
Reg.
No.
2,932,489
|
|
Issued
3/15/2005
|
|
3/15/15
|
|
3,
9, 25, 35
|
|
7/1999
|
|
Due
3/15/10-3/15/11
|
|
FOH
|
|
003
- Personal care products, namely shower gel, bubble bath, body lotion,
body soap, body glitter, body powder, and home fragrance products, namely
sachets and room fragracing
sprays.
009
- Sunglasses.
025
- Clothing, namely, bathrobes, beach cover-ups, beachwear, belts, blazers,
blouses, body shapers, body suits, boxer shorts, bras, bustiers,
camisoles, caps, coats, dresses, [ footwear,] foundation garments, garter
belts, girdles, gloves, gowns, halter tops, hats, headbands, hosiery,
jackets, jeans, jogging suits, knee highs, knit shirts, knit tops,
leotards, lingerie, loungewear, mittens, negligees, night gowns, night
shirts, pajamas, panties, pants, pantyhose, sarongs, scarves, shirts,
shorts, skirts, slacks, sleepwear, slips, socks, stockings, suits, sweat
pants, sweat shirts, sweat shorts, sweat suits, sweaters, swim wear,
t-shirts, tank tops, tap pants, teddies, ties, tights, underpants,
undershirts, underwear and
vests.
035
-Retail store, mail order catalogue and computerized on-line retail store
services in the fields of clothing, accessories, personal care products,
gifts, stationery, furnishings, household products and
linens.
|
|
Decl.
of Continued Use & Incontestability due between
3/15/10-3/15/11. Documentation pending.
|
Schedules
22
XXXX
|
SN/REG.
NO.
|
FILED /
ISSUED
|
EXP.
DATE
|
CLASS
|
FIRST
USE
|
DECL.
8 & 15 DUE
|
OWNER
|
GOODS/SERVICES
|
STATUS
|
|||||||||
FREDERICK’S
OF HOLLYWOOD
|
Reg.
No.
1,627,771
|
Issued
12/11/1990
|
12/11/10
|
42
|
3/1946
|
Filed
|
FOH
|
042
- Retail store and mail order services in the fields of clothing,
personal items, cosmetics and toiletries, (pharmaceuticals and exercising
equipment and aids).
|
Renewal
due by 12/11/10.
|
|||||||||
XXXXXXXXXX.
COM
|
Reg.
No.
2,403,596
|
Issued
11/14/2000
|
11/14/10
|
35
|
8/11/1995
|
Due
11/14/05-11/14/06
|
FOH
|
035
- Computerized online retail store services featuring clothing,
lingerie, undergarments, accessories for men and women, hairpieces and
wigs, loungewear, activewear, hosiery, slippers, shoes, boots, swimwear
and beachwear.
|
Renewal
due by 11/14/10.
|
|||||||||
GET
CHEEKY & Design
|
Reg.
No.
3,416,487
|
Issued
4/29/08
|
4/29/18
|
25
|
7/2002
7/2002
|
4/30/13
-
4/29/14
|
FOH
|
Clothing,
namely women's panties, bras, underwear and lingerie.
|
Decl.
of Cont. Use & Incontestability due between 4/30/13 –
4/29/14.
|
|||||||||
HOLLYWOOD
ICON BY FREDERICK’S OF HOLLYWOOD
|
SN
77/937,136
|
Filed
2/16/10
|
25
|
ITU
|
FOH
|
Lingerie,
namely slips, bras, panties, teddies, gowns, robes and chemises,
shapewear, corsets, dresses, slacks, tops and skirts.
|
New
application filed.
|
|||||||||||
PREMIERE
LINE BY FREDERICK’S OF HOLLYWOOD
|
Reg.
No.
3,456,537
|
Issued
7/1/08
|
7/1/18
|
25
|
12/1/06
12/1/06
|
7/2/13
-
7/1/14
|
FOH
|
Lingerie,
lingerie accessories, namely, brassieres, adhesive bras, foundation
garments, breast enhancer bras, shorts and panties.
|
Decl.
of Cont. Use & Incontestability due between 7/2/13 –
7/1/14.
|
|||||||||
SEDUCTION
BY FREDERICK’S OF HOLLYWOOD
|
|
SN
77/774228
|
|
Filed
7/10/09
|
|
|
25
|
|
3/1/2005
3/1/2005
|
|
|
FOH
|
|
Lingerie,
bras, bustiers, garter belts, garters, thongs, underwear.
|
|
Office
Action issued. Response filed March 2010. Awaiting
potential cancellation of cited SEDUCTION reg. by FAVIANA for dresses
(Decl. of Use due
5/17/10-11).
|
Schedules
23
XXXX
|
SN/REG.
NO.
|
FILED /
ISSUED
|
EXP.
DATE
|
CLASS
|
FIRST
USE
|
DECL.
8 & 15 DUE
|
OWNER
|
GOODS/SERVICES
|
STATUS
|
|||||||||
THE
HOLLYWOOD
EXXTREME
CLEAVAGE
&
Design
|
Reg.
No.
3,164,722
|
Issued
10/31/06
|
10/31/16
|
25
|
9/2003
9/2003
|
11/1/11
/
10/31/12
|
FOH
|
Clothing,
namely bras.
|
Decl.
of Cont. Use & Incontestability due between 11/1/11 –
10/31/12.
|
|||||||||
THE
ORIGINAL SEX SYMBOL
|
|
Reg.
No. 3,156,626
|
|
Issued
10/17/06
|
|
10/17/16
|
|
35
|
|
6/2003
6/2003
|
|
10/18/11
-
10/17/12
|
|
FOH
|
|
Retail
store, mail order catalogue
and computerized on-line retail store services in the fields of clothing,
accessories, personal care products, gifts, stationery, furnishings,
household products and linens.
|
|
Decl.
of Continued Use & Incontestability due between
10/18/11-10/17/12.
|
XXXX
|
SN/REG.
NO.
|
FILED
/
ISSUED
|
EXP.
DATE
|
CLASS
|
FIRST
USE
|
DECL.
8 & 15 DUE
|
OWNER
|
GOODS/SERVICES
|
STATUS
|
|||||||||
AUSTRALIA
|
||||||||||||||||||
FREDERICK’S
OF HOLLYWOOD (Graphic)
|
Prefiling
No. 03502129
Reg.
No.
1111916
|
Issued
5/5/06
|
5/5/16
|
25,
35
|
N/A
|
N/A
|
FOH
|
025
–
Clothing, namely, bathrobes, beach cover-ups, beachwear, belts,
blazers, blouses, body shapers, body suits, boxer shorts, bras, bustiers,
camisoles, caps, coats, dresses, foundation garments, garter belts,
girdles, gloves, gowns, halter tops, hats, headbands, hosiery, jackets,
jeans, jogging suits, knee highs, knit shirts, knit tops, leotards,
lingerie, loungewear, mittens, negligees, night gowns, night shirts,
pajamas, panties, pants, pantyhose, sarongs, scarves, shirts, shorts,
skirts, slacks, sleepwear, slips, socks, stockings, suits, sweat pants,
sweat shirts, sweat shorts, sweat suits, sweaters, swim wear, t-shirts,
tank tops, tap pants, teddies, ties, tights, underpants, undershirts,
underwear and
vests.
035
- Retail store, mail order catalogue and computerized on-line
retail store services in the fields of clothing, accessories, personal
care products, gifts, stationery, furnishings, household products and
linens.
|
Renewal
due by 5/5/16.
|
Schedules
24
CANADA
|
||||||||||||||||||
FREDERICK’S
|
|
Reg.
No.
259,265
|
|
Issued
5/29/1981
|
|
5/29/11
|
|
|
|
N/A
|
|
FOH
|
|
-
Aprons, gowns, lingerie, blouses, boas, bodyshirts, bodysuits, boots,
brassieres, briefers, chemises, coats, coveralls, corsets, culottes,
dresses, (women's and girls'), dusters, foundation garments, fur capes,
fur coats, fur neck pieces, fur pieces, garter belts, garters, girdles,
half slips, hosiery, housecoats, jackets, jerseys, jumpsuits, nightgowns,
pajamas, panties, pant sets, pantsuits, pantyhose, paste-on bras, peignor
sets, petticoats, playsuits, robes, shirts (men's and boys') shoes,
shorts, skirts, slacks, slippers, slips, stoles, suits, sweaters,
swimsuits, theatrical clothes, under shorts, and waist
cinchers.
-
Aprons, gowns, lingerie, blouses, boas, bodyshirts, bodysuits, boots,
brassieres, briefers, chemises, coats, coveralls, corsets, culottes,
dresses, (women's and girls'), dusters, foundation garments, garter belts,
garters, girdles, half slips, hosiery, housecoats, jackets, jerseys,
jumpsuits, nightgowns, pajamas, panties, pant-sets, pantsuits, pantyhose,
paste-on bras, peignoir sets, petticoats, playsuits, robes, shirts, (men's
and boys') shoes, shorts, skirts, slacks, slippers, slips, stoles, suits,
sweaters, swimsuits, theatrical clothes, under shorts, and waist
cinchers.
-
Hairpieces and wigs.
-
Breast cream, perfume, skin lotion, nail enamel, nail polish, shaving
cream, face wrinkle cream and body massage cream.
SERVICES: Retail
store and mail order services in the fields of clothing, personal items,
cosmetics and toiletries, pharmaceuticals and exercising equipment and
aids.
|
|
Renewal
due by 5/29/11.
|
FREDERICK’S
OF HOLLYWOOD
|
|
Reg.
No.
425,958
|
|
Issued
4/15/1994
|
|
4/15/24
|
|
|
|
N/A
|
|
FOH
|
|
Aprons,
gowns, lingerie, blouses, boas, bodyshirts, bodysuits, boots, brassieres,
briefers, chemises, coats, coveralls, corsets, culottes, dresses (women's
and girls), dusters, foundation garments, fur capes, fur coats, fur neck
pieces, fur pieces, garter belts, garters, girdles, half slips, hosiery,
housecoats, jackets, jerseys, jumpsuits, nightgowns, pajamas, panties,
pant sets, pantsuits, panty hose, paste-on bras, peignoir sets,
petticoats, playsuits, robes, shirts, shorts, shoes, skirts, slacks,
slippers, slips, stoles, suits, sweaters, swimsuits, theatrical clothes,
undershorts, and waist clinchers.
-
Gowns, lingerie, blouses, bodyshirts, bodysuits, boots, brassieres,
briefers, chemises, coats, coveralls, corsets, dresses (women's and
girls), dusters, foundation garments, garter belts, garters, girdles, half
slips, hosiery, housecoats, jackets, jerseys, jumpsuits, nightgowns,
pajamas, panties, pantsuits, panty hose, paste-on bras, peignoir sets,
petticoats, playsuits, robes, shirts, shorts, shoes, skirts, slacks,
slippers, slips, suits, sweaters, swimsuits, theatrical clothes,
undershorts, and waist clinchers.
SERVICES:
Retail store and mail order services in the fields of clothing, personal
items, cosmetics and toiletries, pharmaceuticals and exercising equipment
and aids.
-
Retail store and mail order services in the fields of
clothing.
|
|
Renewal
filed 2009.
Next
renewal due by 4/15/24.
|
Schedules
25
CHINA
|
||||||||||||||||||
FREDERICK’S
OF HOLLYWOOD (Graphic)
|
Reg.
No.
5342299
|
Issued
3/7/10
|
35
|
N/A
|
FOH
|
Mail
order catalogue and computerized on-line retail store services and
advertising in the fields of clothing, accessories, personal care
products, gifts, stationery, furnishings, household products and
linens.
|
Notification
of Receipt for Trademark Application received.
Per
Trademark Agent, marks taking 3 -4 years to issue.
Registered
3/7/10.
|
|||||||||||
FREDERICK’S
OF HOLLYWOOD (Graphic)
|
Filing
No.
5342300
|
5/11/2006
|
25
|
N/A
|
FOH
|
Clothing.
|
Notification
of Receipt for Trademark Application received.
Office
Action received. Application not allowed. Trademark
Agent recommends re-filing of application to get another review, at this
time can add classes 3 (fragrance) and 14 (jewelry), as well as swimwear
to new
application.
|
Schedules
00
XXXXXXXX
XXXXX
|
||||||||||||||||||
XXXXXXXXX’S
OF HOLLYWOOD (Graphic)
|
|
Reg.
No.
005058979
|
|
Reg.
Date
4/17/07
|
|
5/4/2016
|
|
3,
25, 35
|
|
N/A
|
|
N/A
|
|
FOH
|
|
003
- Personal care products, namely, nail polish, nail polish remover, nail
stencils, hard artificial nails, fragrant body splash, hand lotion, face
lotion, hand soap, face soap, hair shampoo, hair conditioner, hair styling
gel, hair spray, hair dyes, hair rinses, perfume, cologne, toilet water,
and essential oils for personal use, mascara, blush, eye shadow, lip
stick, lip gloss, make-up powder and make-up foundation, make-up remover,
eye cream, hand cream, body cream, face cream, cosmetic astringent for the
face, face cleanser, bath oil, bath beads, face powder, bath powder,
talcum powder, non-medicated blemish stick, shaving cream, deodorant,
potpourri, scented beads, body suntan lotion, face suntan lotion, body
sunless tanning lotion, face sunless tanning lotion, body pre-sun tanning
lotion, face pre-sun tanning lotion, body after sun tanning lotion and
face after sun tanning lotion, laundry care products, namely, dryer fabric
softener sheets; home fragrance products, namely, potpourri, room
fragrancing gels and toilet soaps; washing compounds for use with
lingerie.
025
–
Clothing, namely, bathrobes, beach cover-ups, beachwear, belts,
blazers, blouses, body shapers, body suits, boxer shorts, bras, bustiers,
camisoles, caps, coats, dresses, foundation garments, garter belts,
girdles, gloves, gowns, halter tops, hats, headbands, hosiery, jackets,
jeans, jogging suits, knee highs, knit shirts, knit tops, leotards,
lingerie, loungewear, mittens, negligees, night gowns, night shirts,
pajamas, panties, pants, pantyhose, sarongs, scarves, shirts, shorts,
skirts, slacks, sleepwear, slips, socks, stockings, suits, sweat pants,
sweat shirts, sweat shorts, sweat suits, sweaters, swim wear, t-shirts,
tank tops, tap pants, teddies, ties, tights, underpants, undershirts,
underwear and
vests.
035
- Retail store, mail order catalogue and computerized on-line
retail store services in the fields of clothing, accessories, personal
care products, gifts, stationery, furnishings, household products and
linens.
|
|
Renewal
due by
5/4/16.
|
Schedules
27
FRANCE
|
||||||||||||||||||
FREDERICK’S
|
Reg.
No.
1490760
|
Issued
9/27/1968
|
9/30/18
|
25
|
N/A
|
FOH
|
Clothing.
|
Renewed
9/27/08.
Next
renewal due by 9/30/18.
|
||||||||||
KOREA
|
||||||||||||||||||
FOH
|
App.
No.
00-0000-0000000
|
Filed
5/20/2010
|
3,
25, 35
|
N/A
|
FOH
|
3 –
Fragrances; perfumes and colognes; bath oil; body cream; body lotion; body
oil; body powder; shower and bath gel; sun care lotions.
25 –
Clothing, apparel, underwear, swim wear, lingerie, sleepwear, hosiery,
shoes, ready to wear apparel, bras, panties, corsets, shapewear,
camisoles, babydolls, chemises, bralettes, teddies, bustiers, bridal
lingerie, pajamas, gowns, robes, footwear, flats, heels, platforms,
slippers, boots, shoe solutions, stockings, thigh highs, pantyhose, body
stockings, garters and garter belts.
35 –
Retail store services and wholesale, catalog, and online sales services
featuring clothing, lingerie, undergarments, accessories, loungewear,
activewear, hosiery, slippers, shoes, boots, and swimwear, and
distribution of related advertising services.
|
Application
and Power of Attorney filed.
|
|||||||||||
Frederick’s
of Hollywood logo
|
|
App.
No.
00-0000-0000000
|
|
Filed
6/14/2010
|
|
|
3,
25, 35
|
|
|
N/A
|
|
FOH
|
|
3 –
Fragrances; perfumes and colognes; bath oil; body cream; body lotion; body
oil; body powder; shower and bath gel; sun care lotions.
25 –
Clothing, apparel, underwear, swim wear, lingerie, sleepwear, hosiery,
shoes, ready to wear apparel, bras, panties, corsets, shapewear,
camisoles, babydolls, chemises, bralettes, teddies, bustiers, bridal
lingerie, pajamas, gowns, robes, footwear, flats, heels, platforms,
slippers, boots, shoe solutions, stockings, thigh highs, pantyhose, body
stockings, garters and garter belts.
35 –
Retail store services and wholesale, catalog, and online sales services
featuring clothing, lingerie, undergarments, accessories, loungewear,
activewear, hosiery, slippers, shoes, boots, and swimwear, and
distribution of related advertising services.
|
|
Application
and Power of Attorney
filed.
|
Schedules
00
XXXXX
XXXXXX
|
||||||||||||||||||
Xxx.
Xx.
000000
|
Filed
8/19/2009
|
25
|
N/A
|
FOH
|
Clothing.
|
Application
accepted for publication. Application estimated to be published
for opposition between June and- August of 2010.
|
||||||||||||
App.
No.
146750
|
Filed
8/19/2009
|
35
|
N/A
|
FOH
|
Retail
services.
|
Application
accepted for publication. Application estimated to be published
for opposition between June and- August of 2010.
|
||||||||||||
TAIWAN
|
||||||||||||||||||
FREDERICK’S
OF HOLLYWOOD
|
Reg.
No.
533294
|
Issued
9/1/1991
|
9/1/11
|
N/A
|
FOH
|
Panty
hose.
|
Renewal
due by 9/1/11
|
|||||||||||
FREDERICK’S
OF HOLLYWOOD
|
|
Reg.
No.
536453
|
|
Issued
10/1/1991
|
|
10/1/11
|
|
|
|
N/A
|
|
FOH
|
|
Shirts,
swim suits, and underwear.
|
|
Renewal
due by
10/1/11
|
Schedules
29
2. Copyrights
1.
|
CLASS:
|
TX
(Textual Works)
|
RETRIEVAL
CODE:
|
B
(Monographic Works of a Non-dramatic Literary Nature)
|
|
STATUS:
|
Registered
|
|
REGISTRATION
DATE:
|
March
26, 1991
|
|
REGISTRATION
NUMBER:
|
TX-3-055-731
|
|
CREATED:
|
1991
|
|
PUBLICATION
DATE:
|
February
25, 0000
|
|
XXX
XXXXXX:
|
New
textual and pictorial material and compilation of previous publication
material.
|
|
NOTES:
|
Catalog
|
|
PREVIOUS
REGISTRATION:
|
Prev.
reg.
|
|
2.
|
CLASS:
|
TX
(Textual Works)
|
RETRIEVAL
CODE:
|
B
(Monographic Works of a Non-dramatic Literary Nature)
|
|
STATUS:
|
Registered
|
|
REGISTRATION
DATE:
|
May
29, 1987
|
|
REGISTRATION
NUMBER:
|
TX-2-083-789
|
|
PUBLICATION
DATE:
|
December
1, 0000
|
|
XXX
XXXXXX:
|
compilation
and additions
|
|
REGISTRATION
DEPOSIT:
|
61
p.
|
|
3.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
May
20, 1991
|
|
REGISTRATION
NUMBER:
|
TX-3-068-104
|
|
ISSUE:
|
Vol.
59, Issue No. 334
|
|
PUBLICATION
DATE:
|
June
6, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 34, issue no. 242.
|
|
MISCELLANEOUS:
|
Issue
ti.: Summer fashion sale.
|
|
4.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
April
15, 1991
|
|
REGISTRATION
NUMBER:
|
TX-3-083-055
|
|
ISSUE:
|
Vol.
No. 73, issue no. 362
|
|
PUBLICATION
DATE:
|
March
25, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood.
|
|
NOTES:
|
Frequency
unknown. Subtitle on later issues: An Intimate
Experience. Description based on: Vol. 34, issue no.
242.
|
|
5.
|
CLASS:
|
TX
(Textual Works)
|
REGISTRATION
DATE:
|
January
27, 1992
|
|
REGISTRATION
NUMBER:
|
TX-3-229-421
|
|
ISSUE:
|
Vol.
76, issue no. 369
|
|
PUBLICATION
DATE:
|
November
25, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
NOTES:
|
Frequency
unknown. Subtitle on later issues: An Intimate
Experience. Description based on: Vol. 34, issue no.
242
|
Schedules
30
6.
|
CLASS:
|
TX
(Textual Works)
|
REGISTRATION
DATE:
|
July
24, 1992
|
|
REGISTRATION
NUMBER:
|
TX-3-353-063
|
|
ISSUE:
|
Vol.
79, issue no. 373
|
|
PUBLICATION
DATE:
|
March
30, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation.
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
NOTES:
|
Frequency
varies. Subtitle on later issues: An Intimate Experience
Description based on: Vol. 34, issue no. 242
|
|
7.
|
CLASS:
|
TX
(Textual Works)
|
REGISTRATION
DATE:
|
December
14, 1992
|
|
REGISTRATION
NUMBER:
|
TX-3-445-761
|
|
ISSUE:
|
Vol.
81, issue no. 378
|
|
PUBLICATION
DATE:
|
August
10, 1992
|
|
NEW
MATTER:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
NOTES:
|
Frequency
varies. Subtitle on later issues: An Intimate Experience
Description based on: Vol. 34, issue no. 242
|
|
8.
|
CLASS:
|
TX
(Textual Works)
|
REGISTRATION
DATE:
|
February
9, 1993
|
|
REGISTRATION
NUMBER:
|
TX-3-468-373
|
|
ISSUE:
|
Vol.
81, issue no. 379
|
|
PUBLICATION
DATE:
|
September
14, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood: Frederick’s
Hollywood
|
|
ISSN
NUMBER:
|
0162-0401
= Frets
|
|
NOTES:
|
Frequency
varies. Subtitle on later issues: An Intimate
Experience. Description based on: Vol. 34, issue no.
242
|
|
9.
|
CLASS:
|
TX
(Textual Works)
|
REGISTRATION
DATE:
|
January
11, 1993
|
|
REGISTRATION
NUMBER:
|
TX-3-458-894
|
|
ISSUE:
|
Vol.
82, no. 380
|
|
PUBLICATION
DATE:
|
October
29; 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
ISSN
NUMBER:
|
0162-0401
= Frets
|
|
NOTES:
|
Frequency
varies. Subtitle on later issues: An. Intimate Experience
Description based on: Vol. 34, issue no. 242
|
|
10.
|
CLASS:
|
TX
(Textual Works)
|
REGISTRATION
DATE:
|
March
22, 1993
|
|
REGISTRATION
NUMBER:
|
TX-3-504-897
|
|
ISSUE:
|
Vol.
83, no. 381
|
|
PUBLICATION
DATE:
|
February
25, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
ISSN
NUMBER:
|
0162.0401
= Frets
|
|
NOTES:
|
Frequency
varies. Subtitle on later issues: An Intimate
Experience. Description based on: Vol. 34, issue no.
242
|
|
Schedules
31
11.
|
CLASS:
|
TX
(Textual Works)
|
REGISTRATION
DATE:
|
April
23, 1993
|
|
REGISTRATION
NUMBER:
|
TX-3-589-965
|
|
ISSUE:
|
Vol.
84; issue no. 383
|
|
PUBLICATION
DATE:
|
April
5, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
PUBLICATION
DATE:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
NOTES:
|
Frequency
varies. Subtitle on later issues: An Intimate
Experience. Description based on: Vol. 34, issue no.
242
|
|
MISCELLANEOUS:
|
(C.O.
corres.)
|
|
12.
|
CLASS:
|
TX
(Textual Works)
|
REGISTRATION
DATE:
|
September
8, 1993
|
|
REGISTRATION
NUMBER:
|
TX-M40-936
|
|
ISSUE:
|
Vol.
84, issue no. 384
|
|
PUBLICATION
DATE:
|
May
10, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
ISSN
NUMBER:
|
0162-0401
= Frets
|
|
NOTES:
|
Frequency
varies. Subtitle on later issues: An Intimate
Experience. Description based on: Vol. 34, issue no.
242
|
|
13.
|
CLASS:
|
TX
(Textual Works)
|
RETRIEVAL
CODE:
|
B
(Monographic Works of a Non-dramatic Literary Nature)
|
|
STATUS:
|
Registered
|
|
REGISTRATION
DATE:
|
August
9, 1990
|
|
REGISTRATION
NUMBER:
|
TX-2-894-818
|
|
PUBLICATION
DATE:
|
November
27, 1989
|
|
NOTES:
|
Catalog
|
|
14.
|
CLASS:
|
TX
(Textual Works).
|
RETRIEVAL
CODE:
|
B
(Monographic Works of a Non-dramatic Literary Nature)
|
|
STATUS:
|
Registered
|
|
REGISTRATION
DATE:
|
August
9, 1990
|
|
REGISTRATION
NUMBER:
|
TX-2-894-819
|
|
CREATED:
|
1989
|
|
PUBLICATION
DATE:
|
June
4, 1990
|
|
NOTES:
|
Catalog
|
|
15.
|
CLASS:
|
TX
(Textual Works)
|
RETRIEVAL
CODE:
|
B
(Monographic Works of a Non-dramatic Literary Nature)
|
|
STATUS:
|
Registered
|
|
REGISTRATION
DATE:
|
August
9, 1990
|
|
REGISTRATION
NUMBER:
|
TX-2-894-820
|
|
PUBLICATION
DATE:
|
July
9, 1990
|
|
NOTES:
|
Catalog
|
|
16.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
RETRIEVAL
CODE:
|
B
(Monographic Works of a Non-dramatic Literary Nature)
|
|
STATUS:
|
Registered
|
|
REGISTRATION
DATE:
|
December
17, 1990
|
|
REGISTRATION
NUMBER:
|
TX-2-973-520
|
|
PUBLICATION
DATE:
|
November
26, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
NOTES:
|
Catalog
|
Schedules
32
17.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
June
1, 1987
|
|
REGISTRATION
NUMBER:
|
TX-2-095-037
|
|
ISSUE:
|
Vol.
51, issue no. 317
|
|
PUBLICATION
DATE:
|
August
11, 1986
|
|
NEW
MATTER:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 34, issue no. 242
|
|
MISCELLANEOUS:
|
Issue
ti.: Spectacular! 40th anniversary of beauty and
fashion
|
|
18.
|
APPLICATION
TITLE:
|
Summer
fashion sale.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
March
7, 1988
|
|
REGISTRATION
NUMBER:
|
TX-2-277-414
|
|
ISSUE:
|
Vol.
no. 54, issue no. 325
|
|
PUBLICATION
DATE:
|
July
13, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 34, issue no. 242
|
|
MISCELLANEOUS:
|
Version
no. 7500
|
|
19.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
March
7, 1988
|
|
REGISTRATION
NUMBER:
|
TX-2-282-497
|
|
ISSUE:
|
Vol.
no. 55, issue no. 326
|
|
PUBLICATION
DATE:
|
August
10, 1987
|
|
NEW
MATTER:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
ISSN
NUMBER:
|
0162-0401
= Frets
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 34, issue no. 242
|
|
MISCELLANEOUS:
|
Version
no. 7600. Issue ti.: Frederick’s of Hollywood, an Intimate
Experience.
|
|
20.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
August
18, 1988
|
|
REGISTRATION
NUMBER:
|
TX-2-374-563
|
|
ISSUE:
|
Vol.
no. 51, issue no. 318
|
|
PUBLICATION
DATE:
|
September
15;1986
|
|
NEW
MATTER:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 34, issue no. 242
|
|
MISCELLANEOUS:
|
Version
no. 6700. Issue ti.: Christmas magic.
|
|
21.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
September
9, 1988
|
|
REGISTRATION
NUMBER:
|
TX-2-364-387
|
|
ISSUE:
|
Vol.
no. 51, issue no. 319
|
|
PUBLICATION
DATE:
|
October
20, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
ISSN
NUMBER:
|
0162-0401
= Frets
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 34, issue no. 242
|
|
MISCELLANEOUS:
|
Version
no. 6800. Issue ti.: Christmas as special as
you!
|
Schedules
33
22.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
March
29, 1989
|
|
REGISTRATION
NUMBER:
|
TX-2-525-172
|
|
ISSUE:
|
Vol.
60, issue no. 338
|
|
PUBLICATION
DATE:
|
October
17, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 34, issue no. 242
|
|
MISCELLANEOUS:
|
Version
no. 8800. Issue ti.: Happy holidays!
|
|
23.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
March
29, 1989
|
|
REGISTRATION
NUMBER:
|
TX-2-675-429,
TX-2-533-225
|
|
ISSUE:
|
Vol.
61, issue no. 339
|
|
PUBLICATION
DATE:
|
November
28, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood: Frederick’s
of Hollywood
|
|
ISSN
NUMBER:
|
0162-0401
= Frets
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 34, issue no. 242
|
|
MISCELLANEOUS:
|
Version
no. 9100. Issue ti.: Sale.
|
|
24.
|
APPLICATION
TITLE:
|
Happy
Holidays!
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
October
31, 1989
|
|
REGISTRATION
NUMBER:
|
TX-2-675-597
|
|
ISSUE:
|
Vol.
no. 60, issue no. 338
|
|
PUBLICATION
DATE:
|
October
17, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 34, issue no. 242
|
|
25.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
September
22, 1988
|
|
REGISTRATION
NUMBER:
|
TX-2-759-322
|
|
ISSUE:
|
Vol.
60, no. 337
|
|
PUBLICATION
DATE:
|
September
12, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 34, issue no. 242
|
|
26.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
October
18, 1989
|
|
REGISTRATION
NUMBER:
|
TX-2-727-721
|
|
ISSUE:
|
Vol.
62, no. 340
|
|
PUBLICATION
DATE:
|
January
16, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
ISSN
NUMBER:
|
0162-0401
= Frets
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 34; issue no. 242
|
|
MISCELLANEOUS:
|
(C.
O. corres.)
|
Schedules
34
27.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
August
9, 1990
|
|
REGISTRATION
NUMBER:
|
TX-2-883-506
|
|
ISSUE:
|
Vol.
65, no. 348
|
|
PUBLICATION
DATE:
|
October
16, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 34; issue no. 242
|
|
28.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
April
11, 1978
|
|
REGISTRATION
NUMBER:
|
TX-48-091
|
|
ISSUE:
|
Vol.
32, issue no. 217
|
|
PUBLICATION
DATE:
|
December
5, 1977
|
|
IN
NOTICE YEAR:
|
1978
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 32; issue no. 217, December 5,
1977
|
|
MISCELLANEOUS:
|
Issue
ti.: Save.
|
|
29.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
July
24,1978
|
|
REGISTRATION
NUMBER:
|
TX-72-624
|
|
ISSUE:
|
Vol.
32, no. 218
|
|
PUBLICATION
DATE:
|
January
20, 1978
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 32, issue no. 217, December 5,
1977.
|
|
MISCELLANEOUS:
|
Issue
ti.: The Label makes the difference.
|
|
30.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
December
4, 1978
|
|
REGISTRATION
NUMBER:
|
TX-205-088
|
|
ISSUE:
|
Vol.
32, issue no. 226
|
|
PUBLICATION
DATE:
|
September
15, 1978
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 32, issue no. 217, December 5,
1977.
|
|
MISCELLANEOUS:
|
Issue
ti.: Be wildly romantic!!!
|
|
31.
|
APPLICATION
TITLE:
|
Frederick’s
on sale.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
March
7, 1979
|
|
REGISTRATION
NUMBER:
|
TX-203-347
|
|
ISSUE:
|
Vol.
33, no. 228
|
|
PUBLICATION
DATE:
|
December
5, 0000
|
|
XXX
XXXXXX:
|
editorial
comment and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
ISSN
NUMBER:
|
0016-0520
= Freedom at issue.
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 32, issue no. 217, December 5,
1977.
|
Schedules
35
32.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
March
8, 1979
|
|
REGISTRATION
NUMBER:
|
TX-204-564
|
|
ISSUE:
|
Vol.
33, no. 229
|
|
PUBLICATION
DATE:
|
January
18, 0000
|
|
XXX
XXXXXX:
|
editorial
comment and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
ISSN
NUMBER:
|
0016-0520
= Freedom at issue.
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 32, issue no. 217, December 5,
1977.
|
|
33.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
November
1, 1979
|
|
REGISTRATION
NUMBER:
|
TX-356-662
|
|
ISSUE:
|
Vol.
33, no. 233
|
|
PUBLICATION
DATE:
|
June
6, 1979
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 32, issue no. 217, December 5,
1977.
|
|
MISCELLANEOUS:
|
Issue
ti.: Better buy now! Save now, save now
|
|
34.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
October
29, 1979
|
|
REGISTRATION
NUMBER:
|
TX-354-315
|
|
ISSUE:
|
Vol.
33, issue no. 235
|
|
PUBLICATION
DATE:
|
August
1, 0000
|
|
XXX
XXXXXX:
|
editorial
comment and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
ISSN
NUMBER:
|
0016-0520
= Freedom at issue.
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 32, issue no. 217, December 5,
1977.
|
|
MISCELLANEOUS:
|
Issue
ti.: How to get your man and keep him!
|
|
35.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
July
15, 1983
|
|
REGISTRATION
NUMBER:
|
TX-1-152-466
|
|
ISSUE:
|
Vol.
36, issue no. 266
|
|
PUBLICATION
DATE:
|
additions
and compilations
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 34, issue no. 242
|
|
MISCELLANEOUS:
|
Issue
ti.: Sale, sale, sale, buy now!: It’s worth every
thrill.
|
|
36.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
September
29, 1983
|
|
REGISTRATION
NUMBER:
|
TX-1-237-999
|
|
ISSUE:
|
Vol.
40, issue no. 279
|
|
PUBLICATION
DATE:
|
September
15, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 34, issue no. 242
|
|
MISCELLANEOUS:
|
Issue
ti.: Fall fantasies for you and your lover. (C. O.
corres.)
|
Schedules
36
37.
|
APPLICATION
TITLE:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
July
2, 1984
|
|
REGISTRATION
NUMBER:
|
TX-1-380-803
|
|
ISSUE:
|
Vol.
38, issue no. 276
|
|
PUBLICATION
DATE:
|
June
10, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 34, issue no. 242
|
|
MISCELLANEOUS:
|
Issue
ti.: Sultry summer savings!
|
|
38.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
December
2, 1985
|
|
REGISTRATION
NUMBER:
|
TX-1-706-524
|
|
ISSUE:
|
Vol.
38, issue no. 291
|
|
PUBLICATION
DATE:
|
September
17, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 34, issue no. 242
|
|
MISCELLANEOUS:
|
Issue
ti.: The Glamour of Hollywood holidays is yours! : catalog no.
4601.
|
|
39.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
December
2, 1985
|
|
REGISTRATION
NUMBER:
|
TX-1-733-066
|
|
ISSUE:
|
Vol.
40, issue no. 298
|
|
PUBLICATION
DATE:
|
January
18, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 34, issue no. 242
|
|
MISCELLANEOUS:
|
Issue
ti.: Sizzling sexy.
|
|
40.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
December
2, 1985
|
|
REGISTRATION
NUMBER:
|
TX-1-713-998
|
|
ISSUE:
|
Vol.
42, issue no. 301
|
|
PUBLICATION
DATE:
|
June
10, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
ISSN
NUMBER:
|
0162-0401
= Frets
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 34, issue no. 242
|
|
MISCELLANEOUS:
|
Issue
ti.: Sale-a-brate : catalog no. 5401.
|
|
41.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
May
30, 1986
|
|
REGISTRATION
NUMBER:
|
TX-1-846-894
|
|
ISSUE:
|
Vol.
47, no. 310
|
|
PUBLICATION
DATE:
|
December
9, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 34, issue no.
242
|
Schedules
37
42.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
May
30;1986
|
|
REGISTRATION
NUMBER:
|
TX-1-838-969
|
|
ISSUE:
|
Vol.
48, issue no. 311
|
|
PUBLICATION
DATE:
|
January
20, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
ISSN
NUMBER:
|
0162-0401
= Frets
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 34, issue no. 242 Issue
ti.: The Best kept secrets of sex appeal.
|
|
43.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
December
4, 1978
|
|
REGISTRATION
NUMBER:
|
TX-485-679
|
|
ISSUE:
|
Vol.
32, issue no. 224
|
|
PUBLICATION
DATE:
|
August
1, 1978
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 32, issue no. 217, December 5,
1977.
|
|
MISCELLANEOUS:
|
Issue
ti.: Action! Take, love! thrills! ecstasy! (C.O.
corres.)
|
|
44.
|
APPLICATION
TITLE:
|
Break
out .. . the news . now!
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
October
5, 1979
|
|
REGISTRATION
NUMBER:
|
TX-396-541
|
|
ISSUE:
|
Vol.
33, issue no. 231
|
|
ISSUE
DATE:
|
July
10, 1979
|
|
PUBLICATION
DATE:
|
April
11, 0000
|
|
XXX
XXXXXX:
|
photos
and artwork
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
ISSN
NUMBER:
|
0162-0401
= Frets
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 32, issue no.
217, December 5, 1977.
|
|
MISCELLANEOUS:
|
(C.O.
corres.)
|
|
45.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
November
30;1979
|
|
REGISTRATION
NUMBER:
|
TX-419-642
|
|
ISSUE:
|
Vol.
33, issue no. 237
|
|
PUBLICATION
DATE:
|
September
21, 0000
|
|
XXX
XXXXXX:
|
photos
and artwork
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
ISSN
NUMBER:
|
0162-0401
= Frets
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 32, issue no. 217, December
5, 1977.
|
|
MISCELLANEOUS:
|
Issue
ti.: Frederick’s special report, how to do it for the
holidays. (C.O. corres.)
|
|
46.
|
CLASS:
|
TX
(Textual Works)
|
REGISTRATION
DATE:
|
July
16, 1980
|
|
REGISTRATION
NUMBER:
|
TX-509-248
|
|
ISSUE:
|
Vol.
34, issue no. 239
|
|
PUBLICATION
DATE:
|
December
5, 1979
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood: Frederick’s
of Hollywood
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 34, issue no. 242
|
|
MISCELLANEOUS:
|
Issue
ti.: Better buy now! : Sale, more for
less.
|
Schedules
38
47.
|
CLASS:
|
TX
(Textual Works)
|
REGISTRATION
DATE:
|
July
18, 1980
|
|
REGISTRATION
NUMBER:
|
TX-511-877
|
|
ISSUE:
|
Vol.
34, issue no. 240
|
|
PUBLICATION
DATE:
|
January
21, 0000
|
|
XXX
XXXXXX:
|
photos
and artwork
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood: Frederick’s
of Hollywood
|
|
ISSN
NUMBER:
|
0162-0401
= Frets
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 34, issue no. 242
|
|
MISCELLANEOUS:
|
Issue
ti.: Summer love : how to get it by spring.
|
|
48.
|
CLASS:
|
TX
(Textual Works)
|
REGISTRATION
DATE:
|
December
29, 1980
|
|
REGISTRATION
NUMBER:
|
TX-646-970
|
|
ISSUE:
|
Vol.
34, issue no. 248
|
|
PUBLICATION
DATE:
|
September
23, 1980
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 34, issue no. 242
|
|
MISCELLANEOUS:
|
Issue
ti.: Follow me, surrender to Frederick’s.
|
|
49.
|
CLASS:
|
TX
(Textual Works)
|
REGISTRATION
DATE:
|
March
5, 1981
|
|
REGISTRATION
NUMBER:
|
TX-641-660
|
|
ISSUE:
|
Vol.
35, issue no. 251
|
|
PUBLICATION
DATE:
|
January
23, 0000
|
|
XXX
XXXXXX:
|
photos
and artwork
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
ISSN
NUMBER:
|
0162-0401
= Frets
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 34, issue no. 242
|
|
MISCELLANEOUS:
|
Issue
ti.: I’ve got my man! You deserve yours!
|
|
50.
|
CLASS:
|
TX
(Textual Works)
|
REGISTRATION
DATE:
|
June
8, 1981
|
|
REGISTRATION
NUMBER:
|
TX-707-738
|
|
ISSUE:
|
Vol.
35, issue no. 253
|
|
PUBLICATION
DATE:
|
June
5, 0000
|
|
XXX
XXXXXX:
|
photos
and artwork
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
ISSN
NUMBER:
|
0162-0401
= Frets
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 34, issue no.
242
|
|
MISCELLANEOUS:
|
Issue
ti.: Show off now!
|
|
51.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
October
22, 1981
|
|
REGISTRATION
NUMBER:
|
TX-852-256
|
|
ISSUE:
|
Vol.
35, issue no. 255
|
|
PUBLICATION
DATE:
|
June
5, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 34, issue no. 242
|
|
MISCELLANEOUS:
|
(C.O.
corres.)
|
Schedules
39
52.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
March
17, 1982
|
|
REGISTRATION
NUMBER:
|
TX-895-688
|
|
ISSUE:
|
Vol.
35, issue no. 257
|
|
PUBLICATION
DATE:
|
August
1, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
ISSN
NUMBER:
|
0162-0401
= Frets
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 34, issue no.
242
|
|
MISCELLANEOUS:
|
Issue
ti.: Just imagine, a new sexier you! (C.O. corres.)
|
|
53.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood, employer for
hire.
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
March
17, 1982
|
|
REGISTRATION
NUMBER:
|
TX-872-313
|
|
ISSUE:
|
Vol.
35, issue no. 259
|
|
PUBLICATION
DATE:
|
September
15, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
IMPRINT:
|
Hollywood:
Frederick’s of Hollywood
|
|
ISSN
NUMBER:
|
0162-0401
= Frets
|
|
NOTES:
|
Frequency
unknown. Description based on: Vol. 34, issue no. 242
|
|
MISCELLANEOUS:
|
Issue
ti.: Don’t miss it.
|
|
54.
|
PARTY
OF THE FIRST:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood.
|
PARTY
OF THE SECOND:
|
Crédit
Agricole Indosuez
|
|
DOCUMENT
TYPE:
|
Assignment
of Copyright
|
|
REGISTRATION
DATE:
|
1990
|
|
EXECUTED:
|
September
29, 1997
|
|
RECORDED
DATE:
|
October
9, 1997
|
|
NOTES:
|
Frederick’s
of Hollywood: grab bag special sale (catalog) and 131 other titles.
Subsidiary intellectual property security agreement.
|
|
MICROFILM:
|
V003405
P125
|
|
55.
|
APPLICATION
TIME:
|
Intimate
details by Frederick’s of Hollywood.
|
APPLICATION
AUTHOR:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood.
|
|
CLASS:
|
TX
(Textual Works)
|
|
REGISTRATION
DATE:
|
October
24, 1990
|
|
ISSUE:
|
Vol.
1, issue no. 1
|
|
PUBLICATION
DATE:
|
September
19, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
PUB
FREQUENCY:
|
Other
|
|
NOTES:
|
Frequency
unknown.
|
|
56.
|
OWNER:
|
Private
Moments, Inc.
|
APPLICATION
AUTHOR:
|
New
textual and pictorial material; Private Moments, employer for
hire.
|
|
CLASS:
|
TX
(Textual Works)
|
|
RETRIEVAL
CODE:
|
B
(Monographic Works of a Non-dramatic Literary Nature)
|
|
STATUS:
|
Registered
|
|
REGISTRATION
DATE:
|
September
23, 1982
|
|
REGISTRATION
NUMBER:
|
TX-1-085-885
|
|
PUBLICATION
DATE:
|
September
17, 0000
|
|
XXX
XXXXXX:
|
“new
textual and pictorial material.”
|
|
REGISTRATION
DEPOSIT:
|
23
p.
|
|
IMPRINT:
|
Los
Angeles: Private Moments, c1982.
|
|
MISCELLANEOUS:
|
C.O.
corres.
|
Schedules
40
57.
|
CLASS:
|
TX
(Textual Works)
|
RETRIEVAL
CODE:
|
B
(Monographic Works of a Non-dramatic Literary Nature)
|
|
STATUS:
|
Registered
|
|
REGISTRATION
DATE:
|
June
1, 1987
|
|
PUBLICATION
DATE:
|
February
23, 0000
|
|
XXX
XXXXXX:
|
additions
and compilation
|
|
58.
|
PARTY
OF THE FIRST:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood.
|
PARTY
OF THE SECOND:
|
Hollywood
Mail Order Corporation d.b.a. Frederick’s of Hollywood
|
|
DOCUMENT
TYPE:
|
Assignment
of Copyright
|
|
REGISTRATION
DATE:
|
1987
|
|
EXECUTED:
|
September
29, 1997
|
|
RECORDED
DATE:
|
October
9, 1997
|
|
NOTES:
|
Frederick’s
of Hollywood: grab bag special sale (catalog) and 131 other
titles. Subsidiary intellectual property security
agreement.
|
|
MICROFILM:
|
V003405
P125
|
Schedules
41
3.
|
Domain
Names
|
Domain Name
|
Expiration Date
|
XXXXXXXXX.XXX
|
3/12/2011
|
XXX-XXX.XXX
|
5/17/2011
|
XXXXXX.XXX
|
5/16/2011
|
XXXXXX.XXX
|
10/13/2012
|
XXXXXX.XXXX
|
5/17/2011
|
XXXXXX.XXXX
|
5/17/2011
|
XXXXXX.XXX
|
5/17/2011
|
XXXXXX.XXX
|
5/17/2011
|
XXXXXX.XX
|
5/16/2011
|
XXXXXXXXXXXXXXXXXXXXXXXXXXXX.XXX
|
1/9/2011
|
XXXXXXXXXXXXXXXX.XXX
|
3/15/2011
|
XXXXXXXXXXXXXXXXXXX.XXX
|
4/28/2012
|
XXXXXXXXXXXXXXXXXXX.XXX
|
4/28/2012
|
XXXXXXXXXXXXXXXXXXX.XXX
|
1/9/2012
|
XXXXXXXXXXXXXXXXXXXXX.XXX
|
9/14/2011
|
XXXXXXXXXXXXXXXXXXXXX.XXX
|
12/6/2010
|
XXXXXXXXXXXXXXXXXXXXX.XXX
|
12/6/2010
|
XXXXXXXXXXXXXXXXXXXXX.XX
|
9/15/2011
|
XXXXXXXXXXXXXXXXXXXXXXXXX.XXX
|
9/15/2011
|
XXXXXXXXXXXXXXXXXXXXXXXXX.XXX
|
9/15/2011
|
XXXXXXXXXXXXXXXXXXXXXXXXX.XXX
|
9/15/2011
|
XXXXXXXXXXXXXXXXXXXXXXXXXXXXX.XXX
|
5/17/2011
|
XXXXXXXXXXXXXX.XXX
|
4/28/2012
|
XXXXXXXXXXXXXXXXX.XXX
|
8/29/2011
|
XXXXXXXXXXXXXXXXXX.XXX
|
9/10/2011
|
XXXXXXXXX-XX-XXXXXXXXX.XXX
|
12/27/2011
|
XXXXXXXXX-XX-XXXXXXXXX.XXX
|
10/1/2011
|
XXXXXXXXX-XX-XXXXXXXXX.XXX
|
10/1/2011
|
XXXXXXXXXXXXXXXXX.XXX
|
9/10/2011
|
XXXXXXXXXXXXXXX.XXX
|
2/4/2011
|
XXXXXXXXXXXXXXXXXXXX.XXX
|
9/10/2011
|
XXXXXXXXXXXXXXXXX.XXX
|
9/10/2011
|
XXXXXXXXXXXXXXXXXXXX.XXX
|
9/30/2011
|
XXXXXXXXXXXXXXXXXXXX.XXX
|
5/11/2011
|
XXXXXXXXXXXXXXXXXXXX.XXX
|
12/27/2011
|
XXXXXXXXXXXXXXXXXXXX.XXX
|
10/1/2011
|
XXXXXXXXXXXXXXXXXXXXXXXXX.XXX
|
9/14/2011
|
XXXXXXXXXXXXXXXXXXXXXXXXX.XXX
|
9/15/2011
|
XXXXXXXXXXXXXXXXXXXXXXXXX.XXX
|
9/15/2011
|
XXXXXXXXXXXXXXXXXXXXXXXXX.XXX
|
9/15/2011
|
XXXXXXXXXXXXXXXXXXXXXXXXXXXX.XXX
|
9/10/2011
|
XXXXXXXXXXXXXXXXXXX.XXX
|
2/4/2011
|
Schedules
42
XXXXXXXXXXXXXXXXXXXXXXXX.XXX
|
11/14/2010
|
XXXXXXXXXXXXXXXXXXXXXXXX.XXX
|
9/15/2011
|
XXXXXXXXXXXXXXXXXXXXXXXX.XXX
|
9/15/2011
|
XXXXXXXXXXXXXXXXXXXXXX.XXX
|
8/22/2011
|
XXXXXXXXXXXXXXXXXXXXXX.XXX
|
6/24/2011
|
XXXXXXXXXXXXXXXXXXXXX.XXX
|
3/27/2012
|
XXXXXXXXXXXXX.XXX
|
3/12/2011
|
XXXXXXXX.XXX
|
3/16/2011
|
XXXXXXXXXXXXXXXXXXXXX.XXX
|
8/22/2011
|
XXXXXXXXXXXXXXXXXXXXX.XXX
|
6/24/2011
|
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX.XXX
|
8/22/2011
|
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX.XXX
|
6/24/2011
|
XXXXXXXXXXXXX.XXX
|
4/30/2011
|
XXXXXXXXXXXXXXXX.XXX
|
8/22/2011
|
XXXXXXXXXXXXXXXX.XXX
|
6/24/2011
|
XXXXXXXXXXX.XXX
|
3/17/2011
|
XXXXXXXXXXXXX.XXX
|
2/6/2011
|
XXXXXXXXXXXX.XXX
|
2/6/2011
|
XXXXXXXX.XXX
|
3/4/2012
|
XXXXXXXXXX.XXX
|
8/10/2011
|
XXXXXXXXX.XXX
|
3/1/2012
|
XXXXXXXXXXXXXXX.XXX
|
4/9/2012
|
XXXXXXXXXXXXXXXX.XXX
|
4/9/2012
|
Host Names (at Data Return)
|
No expiration date
|
XXXX.XXXXXXXXXX.XXX
|
|
XXXXXXXX.XXXXXXXXXX.XXX
|
|
XXXXXX.XXXXXXXXXX.XXX
|
Schedules
43
4.
|
License and
RelatedAgreements
|
1.
|
Licensing
Agent Agreement, dated as of December 7, 2009, by and between Frederick’s
of Hollywood, Inc. and Vault Agency,
LLC.
|
2.
|
License
Agreement (United States), dated as of April 27, 2010, by and between
Frederick’s of Hollywood, Inc., as Licensor, and Blue By Yoo, as
Licensee
|
3.
|
License
Agreement, dated as of June 3, 2010, by and between Frederick’s of
Hollywood, Inc., as Licensor, and Silver Moon Creations, Inc., as
Licensee
|
4.
|
License
Agreement (Korea), dated as of June 16, 2010, by and between Frederick’s
of Hollywood, Inc., as Licensor, and Blue By Yoo, as
Licensee
|
5.
|
License
Agreement, dated as of June 17, 2010, by and between Frederick’s of
Hollywood, Inc., as Licensor, and Pacific Group NY, LLC – Mystery House
Costumes, as Licensee
|
6.
|
License
Agreement, dated as of July 6, 2010, by and between Frederick’s of
Hollywood, Inc., as Licensor, and Xxxxx Accessories, Inc., as
Licensee
|
Schedules
44
B. Intellectual Property of
Frederick’s of Hollywood Group Inc.
1.
|
Trademarks
|
Number
|
Trademark
|
Expires
|
Class
|
First Use
|
Goods/Services
|
Owner
|
Status
|
|||||||
United
States
Trademarks
|
||||||||||||||
1,605,698
|
Cinejour
|
7/10/2020
|
25
|
Sep-89
|
LADIES'
AND CHILDREN'S DAY WEAR, NAMELY PANTIES, PETTICOATS, CAMISOLES, SLIPS,
HALF SLIPS, TEDDIES, TANK TOPS, TAP PANTS, LOUNGEWEAR, NAMELY ROBES, SWEAT
SUITS, SWEAT SHIRTS, DUSTERS, T-SHIRTS, LOUNGING PAJAMAS, ROMPERS, PLAY
SUITS, JUMPSUITS, SHIFTS, COVER UPS, SLEEPWEAR, NAMELY GOWNS, PAJAMAS,
DORM SHIRTS, BABY DOLLS, CHEMISES, TEDDIES
|
Frederick's
of Hollywood Group Inc.
|
Filed
Application 6/16/2010
|
|||||||
2,428,946
|
M.T.B.
Meant to Be
[and
Design]
|
2/13/2011
|
25
|
Mar-00
|
CLOTHING,
NAMELY, LOUNGEWEAR, AND SLEEPWEAR
|
Frederick's
of Hollywood Group Inc.
|
Next
renewal due by 2/13/11
|
|||||||
1,190,788
|
Movie
Star
|
2/23/2012
|
25
|
Sep-79
|
LOUNGEWEAR
|
Frederick's
of Hollywood Group Inc.
|
Next
renewal due by 2/23/12
|
|||||||
1,190,785
|
Sweet-Tops
(Stylized)
|
2/23/2012
|
25
|
Apr-80
|
SLEEPWEAR
AND LOUNGEWEAR-NAMELY, LOUNGING ROBES, NIGHT GOWNS AND
PAJAMAS
|
Frederick's
of Hollywood Group Inc.
|
Next
renewal due by 2/23/12
|
|||||||
2,546,914
|
Stardust
|
3/12/2012
|
25
|
Nov-42
|
LADIES'
APPAREL, NAMELY, BRASSIERES, PANTIES, PETTICOATS, GIRDLES, GARTERS, GARTER
BELTS, CAMISOLES, SLIPS, HALF SLIPS, TEDDIES, TANK TOPS, TAP PANTS,
LOUNGEWEAR, ROBES, SWEAT SUITS, SWEAT SHIRTS, DUSTERS, T-SHIRTS, LOUNGING
PAJAMAS,ROMPERS, PLAY SUITS, JUMP SUITS, PATIO SHIRTS, COVER UPS,
SLEEPWEAR, GOWNS, PAJAMAS, DORM SHIRTS, NIGHT SHIRTS, BABY DOLL PAJAMAS,
CHEMISES, AND NEGLIGEES
|
Frederick's
of Hollywood Group Inc.
|
Next
renewal due by 3/12/12
|
|||||||
2,582,551
|
Comfy
Cozy
|
6/18/2012
|
25
|
Feb-02
|
SLEEPWEAR
|
Frederick's
of Hollywood Group Inc.
|
Next
renewal due by 6/18/12
|
Schedules
45
1,704,269
|
Xxxxxxx
Xxxxxx
|
7/28/2012
|
25
|
Aug-91
|
LADIES'
AND CHILDREN'S DAY WEAR; NAMELY, PANTIES, PETTICOATS, CAMISOLES, SLIPS,
HALF SLIPS, TEDDIES, TANK TOPS, TAP PANTS, LOUNGEWEAR; NAMELY, ROBES,
SWEAT SUITS, SWEAT SHIRTS, DUSTERS, T-SHIRTS, LOUNGING PAJAMAS, ROMPERS,
PLAY SUITS, JUMPSUITS, PATIO SHIFTS, COVER UPS, SLEEPWEAR; NAMELY, GOWNS,
PAJAMAS, DORM SHIRTS, BABY DOLLS, CHEMISES, TEDDIES
|
Frederick's
of Hollywood Group Inc.
|
Next
renewal due by 7/28/12
|
|||||||
1,209,847
|
Cinema
Etoile (Stylized)
|
9/21/2012
|
25
|
Jul-81
|
WOMEN'S
CLOTHING-NAMELY, LINGERIE, NIGHTGOWNS, AND UNDERWEAR
|
Frederick's
of Hollywood Group Inc.
|
Next
renewal due by 9/21/2012
|
|||||||
1,303,849
|
Xxx
Undies (Stylized)
|
11/6/2014
|
25
|
Jan-56
|
WOMEN'S
UNDERWEAR AND SLEEPWEAR
|
Frederick's
of Hollywood Group Inc.
|
Next
renewal due by 11/6/2014
|
|||||||
2,977,356
|
Night
Maneuvers
|
7/26/2015
|
25
|
Jan-04
|
WOMEN'S
SLEEPWEAR, PAJAMAS, NIGHTGOWNS, NIGHT SHIRTS, DORM SHIRTS, ROBES,
BABYDOLLS, CHEMISES, NEGLIGEES, AND SEDUCTIVE WEAR, NAMELY, THONGS, GARTER
BELTS, GARTERS, TEDDIES, BRASSIERES, BRALETTES, PANTIES, BUSTIERS,
BABYDOLL-SHORT NIGHTSETS, AND TWO PIECE SHORT PAJAMA SETS
|
Frederick's
of Hollywood Group Inc.
|
Next
renewal due by 7/26/2015
|
|||||||
2,039,454
|
Night
Magic
|
2/18/2017
|
25
|
Jul-96
|
LADIES'
DAY WEAR, NAMELY, PANTIES, PETTICOATS, CAMISOLES, SLIPS, HALF SLIPS,
TEDDIES, TANK TOPS, TAP PANTS; LOUNGEWEAR, NAMELY, ROBES, SWEAT SUITS,
SWEAT SHIRTS, DUSTERS, T-SHIRTS, LOUNGING PAJAMAS, ROMPERS, PLAY SUITS,
JUMP SUITS, PATIOSHIFTS, COVER UPS; SLEEPWEAR, NAMELY, GOWNS, PAJAMAS,
DORM SHIRTS, BABY DOLLS, CHEMISES, TEDDIES
|
Frederick's
of Hollywood Group Inc.
|
Next
renewal due by 2/18/2017
|
|||||||
345,102
|
Cuddl'
Form (Stylized)
|
4/13/2017
|
25
|
Nov-36
|
Slips
|
Frederick's
of Hollywood Group Inc.
|
Next
renewal due by 4/13/2017
|
Schedules
46
3,309,506
|
Cinema
Studio
|
10/9/2017
|
25
|
Jan-07
|
WOMEN'S
SLEEPWEAR, PAJAMAS, NIGHTGOWNS, NIGHT SHIRTS, DORM SHIRTS, ROBES, BABYDOLL
PAJAMAS, CHEMISES, NEGLIGEES, AND SEDUCTIVE WEAR, NAMELY, THONGS, GARTER
BELTS, GARTERS, TEDDIES, BRASSIERES, BRALETTES IN THE NATURE OF BRASSIERES
OFSMALLER DESIGN, PANTIES, BUSTIERS, BABYDOLL PAJAMA SETS COMPRISED OF
TOPS AND PANTIES, AND TWO PIECE PAJAMA SETS COMPRISED OF TOPS AND
SHORTS
|
Frederick's
of Hollywood Group Inc.
|
Next
renewal due by 10/9/2017
|
|||||||
3,373,701
|
Knickers
by Cinema Etoile
|
1/22/2018
|
25
|
Sep-07
|
Panties
|
Frederick's
of Hollywood Group Inc.
|
Next
renewal due by 1/22/2018
|
|||||||
1,499,666
|
Starry
Nites
|
8/9/2018
|
25
|
Feb-86
|
LADIES
SLEEPWEAR, NAMELY NIGHTSHIRTS, BABY DOLLS, PAJAMAS, TEDDIES, PANTIES,
NIGHTGOWNS, AND ROBES
|
Frederick's
of Hollywood Group Inc.
|
Next
renewal due by 8/9/2018
|
|||||||
3,489,101
|
The
Boudoir Collection
|
8/19/2018
|
25
|
Apr-04
|
WOMEN'S
SLEEPWEAR, PAJAMAS, NIGHTGOWNS, NIGHT SHIRTS, DORM SHIRTS, ROBES,
BABYDOLLS, CHEMISES, NEGLIGEES, AND SEDUCTIVE WEAR, NAMELY, THONGS, GARTER
BELTS, GARTERS, TEDDIES, BRASSIERES, BRALETTES, PANTIES, BUSTIERS,
BABYDOLL-SHORT NIGHTSETS, AND TWO PIECE SHORT PAJAMA SETS
|
Frederick's
of Hollywood Group Inc.
|
Next
renewal due by 8/19/2018
|
|||||||
2,228,727
|
Seductive
wear by Cinema Etoile
|
3/2/2019
|
25
|
Jun-95
|
WEARING
APPAREL, NAMELY, LOUNGEWEAR, SLEEPWEAR, GARTERS AND GARTER
BELTS
|
Frederick's
of Hollywood Group Inc.
|
Next
renewal due by 3/2/2019
|
|||||||
2,228,739
|
Seductive
Wear
|
3/2/2019
|
25
|
Jun-95
|
WEARING
APPAREL, NAMELY, LOUNGEWEAR, SLEEPWEAR, GARTERS AND GARTER
BELTS
|
Frederick's
of Hollywood Group Inc.
|
Next
renewal due by 3/2/2019
|
|||||||
3,701,373
|
Sleepwear
4 Nappin' & Yappin
|
10/27/2019
|
25
|
Jan-95
|
Shorts,
T-shirts, Sweatshirts, Sweatpants and Jackets
|
Frederick's
of Hollywood Group Inc.
|
Next
renewal due by 10/27/2019
|
|||||||
3,710,385
|
Camiette
|
11/10/2019
|
25
|
Jun-09
|
Ladies'
bras, bralettes, camisoles
|
Frederick's
of Hollywood Group Inc.
|
Next
renewal due by 11/10/2019
|
|||||||
3,711,640
|
World's
Biggest Sleep Shirt
|
11/17/2009
|
25
|
Jan-95
|
Shorts,
T-shirts, Sweatshirts, Sweatpants and Jackets
|
Frederick's
of Hollywood Group Inc.
|
Next
renewal due by 11/17/10
|
|||||||
3,716,764
|
Demisole
|
11/24/2019
|
25
|
Jun-09
|
Ladies'
bras, bralettes, camisoles
|
Frederick's
of Hollywood Group Inc.
|
Next
renewal due by 11/24/2019
|
|||||||
690,969
|
Movie
Star
|
1/5/2020
|
25
|
Apr-37
|
UNDERGARMENTS,
SLEEPWEAR, AND LINGERIE
|
Frederick's
of Hollywood Group Inc.
|
Next
renewal due by 1/5/2020
|
|||||||
1,585,795
|
Real
Shapes
|
3/6/2020
|
25
|
May-89
|
PANTIES
AND COORDINATING TOPS NAMELY HALTERS, TANK TOPS, UNCONSTRUCTED BRA LIKE
TOPS AND TEDDIES
|
Frederick's
of Hollywood Group Inc.
|
Next
renewal due by 3/6/2020
|
Schedules
47
Commonwealth
of
Puerto
Rico
|
||||||||||||||
13,801
|
Movie
Star
|
6/10/2016
|
25
|
Jun-66
|
UNDERGARMENTS
SLEEPWEAR & LINGERIE
|
Movie
Star, Inc.
|
Next
renewal due by 6/10/2016
|
|||||||
International
Trademarks
|
||||||||||||||
1,265,919
|
Movie
Star (France)
|
3/19/2014
|
International
25
|
Lingerie,
Loungewear, Sleepwear
|
Movie
Star, Inc.
|
Next
renewal due by 3/19/2014
|
||||||||
243,927
|
Movie
Star (Mexico)
|
8/10/2014
|
International
25
|
Lingerie,
Loungewear, Sleepwear
|
Movie
Star, Inc.
|
Next
renewal due by 8/10/2014
|
||||||||
3,242,887
|
Movie
Star (Japan)
|
12/25/2016
|
International
25
|
Lingerie,
Loungewear, Sleepwear
|
Movie
Star, Inc.
|
Next
renewal due by 12/25/2016
|
||||||||
B
792,537
|
Movie
Star (Great Britain)
|
6/24/2018
|
International
25
|
Lingerie,
Loungewear, Sleepwear
|
Movie
Star, Inc.
|
Next
renewal due by 6/24/2018
|
||||||||
19,600,224
|
|
Movie
Star (Hong Kong)
|
|
11/2/2018
|
|
International
25
|
|
|
Lingerie,
Loungewear, Sleepwear
|
|
Movie
Star, Inc.
|
|
Next
renewal due by
11/2/2018
|
Schedules
48
Domain Name
|
Expiration Date
|
|
XXXXXXXXXXXX.XXX
|
10/18/2010
|
|
XXXXXXXX.XXX
|
2/16/2011
|
|
XXXXXXXX.XXX
|
2/16/2011
|
|
XXXXXXXXXXXXXXX.XXX
|
3/31/2011
|
|
XXXXXXXXXXXXXXX.XXX
|
3/31/2011
|
|
XXXXXXXXXXXX.XXX
|
6/10/2011
|
|
XXXXXXXXXXXX.XXX
|
5/20/2012
|
|
XXXXXXXXXXXXXXXXX.XXX
|
|
6/13/2012
|
Schedules
49
Schedule
5.01(v)
Material
Contracts
A.
|
Agreements Involving
Aggregate Consideration of $250,000 or More in Any Calendar
Year
|
Service
Agreements
|
1.
|
Select
Merchant Payment Card Processing Agreement, dated as of January 10, 2003,
between Paymentech, LP and Frederick’s of Hollywood Stores,
Inc.
|
|
2.
|
Select
Merchant Payment Card Processing Agreement, dated as of February 6, 2003,
between Paymentech, LP and Hollywood Mail Order,
LLC
|
|
3.
|
Printing
Agreement, dated as of April 1, 2010, between Hollywood Mail Order, LLC
and World Color (USA) Corp.
|
|
4.
|
Business
Service Agreement, dated June 26, 2009, between Frederick’s of Hollywood,
Inc. and Verizon Business Network Services, Inc., and amendment thereto,
dated July 7, 2009.
|
IT
Related Agreements
|
5.
|
Master
Subscription Agreement, dated as of June 17, 2008, between Demandware,
Inc. and Frederick’s of Hollywood,
Inc.
|
|
6.
|
Client
Services Agreement, dated as of June 17, 2008, between Demandware, Inc.
and Frederick’s of Hollywood, Inc.
|
Marketing
Agreements
|
7.
|
Master
Services Agreement (ClearEdge and ChannelView Applications), dated as of
December 23, 2005, between DoubleClick Inc., including its Abacus and Data
Management Solutions Divisions (now a division of Epsilon Targeting), and
Frederick’s of Hollywood, Inc.
|
|
8.
|
Master
Services Agreement, dated January 13, 2010, between WhittmanHart, Inc. and
Frederick’s of Hollywood, Inc., as amended by Statement of Work No. 1,
dated January 13, 2010 (Social Media), and Statement of Work No. 2
(Bridal), dated January 13, 2010.
|
|
9.
|
Letter
of Understanding, dated as of April 30, 2010, between HRHH Hotel/Casino,
LLC and HRHH IP, LLC and Frederick’s of Hollywood,
Inc.
|
10.
|
Master
Services Agreement, dated as of August 20, 2004, between Frederick’s of
Hollywood, Inc. and LinkShare
Corporation
|
11.
|
Work
Order, dated as of September 14, 2009, between Frederick’s of Hollywood,
Inc. and Range Online Media, Inc.
|
Real
Property and Equipment Lease Agreements
12.
|
Lease
Agreement by and between WXI, Sun Real Estate Limited Partnership, as
landlord, and Frederick’s of Hollywood, Inc., as tenant, dated August 19,
2004, for corporate headquarter premises located at 0000 Xxxxxx Xxxxxxxxx,
Xxx Xxxxxxx, XX 00000, and First Amendment dated July 20, 2007,
between USA Sunset Media LLC, as successor in interest to landlord, and
tenant.
|
13.
|
Lease
Agreement by and between Xxxx Companies USA Inc., as landlord, and
Frederick’s of Hollywood, Inc., as tenant, dated September 25, 1998 for
Distribution Center premises at 0000 X. 00xx
Xxxxxx, Xxxxxxx, XX 00000, as amended by First Amendment dated
August 1, 1999, Second Amendment dated January 12, 2000, Third Amendment
dated February 15, 0000, Xxxxxx Xxxxxxxxx dated May 9, 2005 and Fifth
Amendment dated December 27, 2007, between Cotton Xxxxxxxxxx, LLC as
successor in interest to landlord, and
tenant.
|
Schedules
50
14.
|
Lease
Agreement by and between Hollywood Associates LLC, as landlord, and
Frederick’s of Hollywood Stores Inc., as tenant, dated March 2, 2005 for
Flagship Store at 0000 Xxxxxxxxx Xxxxxxxxx, Xxx Xxxxxxx,
XX 00000.
|
15.
|
Agreements
of Lease, each dated as of September 8, 2000, between Eleven Fifteen
Associates and Frederick’s of Hollywood Group Inc. for the entire 11th
floor and for the rear portion of the tenth floor of 0000 Xxxxxxxx, XX,
XX.
|
16.
|
Value
Plan Lease Agreement, dated June 13, 2006, between IBM Credit LLC and
Frederick’s of Hollywood Group Inc.
|
B.
|
Other Contracts
Material to the Business
|
|
1.
|
Amended
and Restated Financing Agreement dated as of January 28, 2008 by and among
Frederick’s of Hollywood Group Inc. and certain of its Subsidiaries, as
Borrowers, the financial institutions from time to time party thereto and
Xxxxx Fargo Retail Finance II, LLC, as the Arranger and Agent, and
amendments thereto dated September 9, 2008, September 21, 2009 and October
23, 2009.
|
|
2.
|
Amended
and Restated Revolving Credit Note, dated as of January 28, 2008, executed
by the Borrowers and payable to the order of Xxxxx Fargo Retail
Finance II, LLC
|
|
3.
|
Security
Agreement, dated as of January 28, 2008, by Frederick’s of Hollywood
Group Inc. in favor of the Agent
|
|
4.
|
Pledge
Agreement, dated as of January 28, 2008, by Frederick’s of Hollywood Group
Inc. in favor of the Agent
|
|
5.
|
Assignment for
Security (Trademarks), dated as of January 28, 2008, by Frederick’s
of Hollywood Group Inc. in favor of the
Agent
|
|
6.
|
Ratification
and Reaffirmation Agreement, dated as of January 28, 2008, by
the Borrowers (other than Frederick’s of Hollywood Group Inc.) and
Xxxxxxxxxx.xxx, Inc. in favor of the
Agent
|
|
7.
|
Amended
and Restated Contribution Agreement, dated as of January 28,
2008, by the Borrowers and Xxxxxxxxxx.xxx, Inc. in favor of the
Agent
|
IT
Related Agreements
|
8.
|
Software
License Agreement, dated as of March 10, 1986, as amended, between Island
Pacific, Inc. and Frederick’s of Hollywood,
Inc.
|
|
9.
|
Software
Support Agreement, dated as of July 1, 2003, as amended, between Island
Pacific, Inc. and Frederick’s of Hollywood,
Inc.
|
10.
|
Software
License Agreement, dated as of May 31, 1988, between Micros Retail, Inc.
(formerly Commercialware, Inc.) and Frederick’s of Hollywood,
Inc.
|
11.
|
Software
Maintenance Agreement, dated as of December 5, 1995 between Micros Retail,
Inc. (formerly Commercialware, Inc.) and Frederick’s of Hollywood,
Inc.
|
Schedules
51
12.
|
Software
License/Hardware Purchase Agreement (Tradewinds POS), dated June 23, 1999,
between Datavantage, Inc. (a successor to STR, Inc. and a subsidiary of
Micros Systems, Inc.) and Frederick’s of Hollywood Stores,
Inc.
|
13.
|
Licensed
Program Maintenance Agreement (Tradewinds POS), dated June 23, 1999, as
amended, between Datavantage, Inc. (a successor to STR, Inc.
and a subsidiary of Micros Systems, Inc.) and Frederick’s of Hollywood
Stores, Inc.
|
14.
|
Help
Desk Services Agreement (Tradewinds POS), dated July 31, 2002, as amended,
between Datavantage, Inc. (a successor to STR, Inc. and a subsidiary of
Micros Systems, Inc.) and Frederick’s of Hollywood Stores,
Inc.
|
15.
|
Trading
Partner Agreement dated October 6, 2005 between GXS, Inc. and Frederick’s
of Hollywood Group Inc. and an Amendment to that agreement dated July 1,
2006.
|
16.
|
Recovery
Services Agreement, dated April 1, 2006, between Sungard Availability
Services LP and Frederick’s of Hollywood Group Inc., amended May 1, 2006,
further amended May 1, 2009.
|
Insurance
Policies
17.
|
See
Schedule 5.01(r)
|
Equity
Related Agreements
18.
|
1988
Amended and Restated Non-Qualified Stock Option
Plan
|
19.
|
2000
Performance Equity Plan
|
20.
|
2003
Employee Equity Incentive Plan
|
21.
|
2010
Long-Term Incentive Equity Plan
|
22.
|
Non-Employee
Director Compensation Plan effective January 1,
2005
|
23.
|
Annual
Incentive Bonus Plan, effective June 29,
2010
|
C. Agreements Relating to the
License, Sale, Acquisition, Disposition or Development of any Intellectual
Property Rights
|
1.
|
Licensing
Agent Agreement, dated as of December 7, 2009, by and between Frederick’s
of Hollywood, Inc. and Vault Agency,
LLC.
|
|
2.
|
License
Agreement (United States), dated as of April 27, 2010, by and between
Frederick’s of Hollywood, Inc., as Licensor, and Blue By Yoo, as
Licensee
|
|
3.
|
License
Agreement, dated as of June 3, 2010, by and between Frederick’s of
Hollywood, Inc., as Licensor, and Silver Moon Creations, Inc., as
Licensee
|
|
4.
|
License
Agreement (Korea), dated as of June 16, 2010, by and between Frederick’s
of Hollywood, Inc., as Licensor, and Blue By Yoo, as
Licensee
|
|
5.
|
License
Agreement, dated as of June 17, 2010, by and between Frederick’s of
Hollywood, Inc., as Licensor, and Pacific Group NY, LLC – Mystery House
Costumes, as Licensee
|
|
6.
|
License
Agreement, dated as of July 6, 2010, by and between Frederick’s of
Hollywood, Inc., as Licensor, and Xxxxx Accessories, Inc., as
Licensee
|
Schedules
52
|
7.
|
Letter
Agreement, dated as of July 14, 2010 between Avalon Group Ltd. and Avalon
Securities Ltd. and Frederick’s of Hollywood Group
Inc.
|
D. Employment and Consulting
Agreements for Executive Officers that provide for severance benefits, change of
control payments or payments for other personal services, exceeding $200,000 per
individual
|
1.
|
Employment
Agreement between Frederick’s of Hollywood Group Inc. and Xxxxxx X. Xxxxx,
dated as of June 29, 2010
|
|
2.
|
Stock
Option Agreement between Frederick’s of Hollywood Group Inc. and Xxxxxx X.
Xxxxx, dated as of January 29, 2009
|
|
3.
|
Stock
Option Agreement between Frederick’s of Hollywood Group Inc. and Xxxxxx X.
Xxxxx, dated as of June 29, 2010
|
|
4.
|
Restricted
Stock Agreement between Frederick’s of Hollywood Group Inc. and Xxxxxx X.
Xxxxx, dated as of January 29, 2009
|
|
5.
|
Restricted
Stock Agreement between Frederick’s of Hollywood Group Inc. and Xxxxxx X.
Xxxxx, dated as of June 29, 2010
|
|
6.
|
Employment
Agreement by and between Frederick’s of Hollywood Group Inc., FOH
Holdings, Inc. and Xxxxx XxXx, dated January 29,
2008
|
|
7.
|
Notice
of Nonrenewal of Employment Agreement from Frederick’s of Hollywood Group
Inc. to Xxxxx XxXx, dated April 28,
2010
|
|
8.
|
Stock
Option Agreement between FOH Holdings, Inc. and Xxxxx XxXx, dated as of
December 2, 2003
|
|
9.
|
Stock
Option Agreement between FOH Holdings, Inc. and Xxxxx XxXx, dated as of
December 8, 2006
|
10.
|
Equity
Incentive Agreement dated as of December 14, 2007 by and between FOH
Holdings, Inc. and Xxxxx XxXx, as
amended.
|
11.
|
Employment
Agreement between Frederick’s of Hollywood Group Inc. and Xxxxxx Xxxxx,
dated as of June 1, 2010
|
12.
|
Stock
Option Agreement between Frederick’s of Hollywood Group Inc. and Xxxxxx
Xxxxx, dated December 10, 2004
|
13.
|
Stock
Option Agreement between Frederick’s of Hollywood Group Inc. and Xxxxxx
Xxxxx dated October 13, 2006
|
14.
|
Stock
Option Agreement between Frederick’s of Hollywood Group Inc. and Xxxxxx
Xxxxx, dated January 28, 2008
|
15.
|
Stock
Option Agreement between Frederick’s of Hollywood Group Inc. and Xxxxxx
Xxxxx, dated June 1, 2010
|
16.
|
Stock
Agreement between Frederick’s of Hollywood Group Inc. and Xxxxxx Xxxxx
dated as of January 28, 2008
|
17.
|
Restricted
Stock Agreement between Frederick’s of Hollywood Group Inc. and Xxxxxx
Xxxxx, dated as of June 1, 2010
|
Schedules
53
Schedule
5.01(y)
Name; Jurisdiction of
Organization; Organizational ID Number;
Chief Place of Business;
Chief Executive Office; FEIN
Name/Chief Place of Business
|
Jurisdiction of
Incorporation/Formation
|
Organizational ID
|
FEIN
|
|||
FREDERICK’S
OF HOLLYWOOD GROUP INC.
0000
Xxxxxxxx
Xxx
Xxxx, Xxx Xxxx 00000
|
New
York
|
None
|
00-0000000
|
|||
FOH
HOLDINGS, INC.
0000
Xxxxxx Xxxxxxxxx
0xx
Xxxxx
Xxxxxxxxx,
XX 00000
|
Delaware
|
2749384
|
00-0000000
|
|||
FREDERICK'S
OF HOLLYWOOD, INC.
0000
Xxxxxx Xxxxxxxxx
0xx
Xxxxx
Xxxxxxxxx,
XX 00000
|
Delaware
|
0580404
|
00-0000000
|
|||
FREDERICK’S
OF HOLLYWOOD STORES, INC.
0000
Xxxxxx Xxxxxxxxx
0xx
Xxxxx
Xxxxxxxxx,
XX 00000
|
Nevada
|
C16109-98
|
00-0000000
|
|||
XXXXXXXXXX.XXX,
INC.
0000
Xxxxxx Xxxxxxxxx
0xx
Xxxxx
Xxxxxxxxx,
XX 00000
|
Nevada
|
C9434-99
|
00-0000000
|
|||
HOLLYWOOD
MAIL ORDER, LLC
0000
Xxxxxx Xxxxxxxxx
0xx
Xxxxx
Xxxxxxxxx,
XX 00000
|
|
Nevada
|
|
LLC5354-99
|
|
00-0000000
|
Schedules
54
5.01(bb)
Transactions
with Affiliates
1.
|
The
purchase and sale of inventory to Cinejour Lingerie, Inc., a wholly-owned
subsidiary of Frederick’s of Hollywood Group
Inc.
|
2.
|
Employment
related agreements with Executive Officers: See Schedule
5.01(v)(D)
|
3.
|
Non-Employee
Director Stock Option
Agreements:
|
|
·
|
Stock
Option Agreement, dated December 6, 2004 between Xxxxx Xxxx and
Xxxxxxxxx’x of Hollywood Group Inc.
|
|
·
|
Stock
Option Agreement, dated December 6, 2004 between Xxxx Xxxxx and
Frederick’s of Hollywood Group Inc.
|
|
·
|
Stock
Option Agreement dated January 28, 2008 between Frederick’s of Hollywood
Group Inc. and Performance Enhancement Partners,
LLC
|
|
·
|
Stock
Option Agreement dated July 28, 2008 between Frederick’s of Hollywood
Group Inc. and Performance Enhancement Partners,
LLC
|
|
·
|
Stock
Option Agreement dated as of December 8, 2006, between FOH Holdings, Inc.
and Xxxxxx X. Xxxxxxx
|
4.
|
Warrants:
|
|
·
|
Warrant,
dated January 28, 2008, to purchase 298,296 shares of common stock of
Frederick’s of Hollywood Group Inc. issued to Xxxxxx Investments,
LLC
|
|
·
|
Warrant,
dated January 28, 2008, to purchase 298,296 shares of common stock of
Frederick’s of Hollywood Group Inc. issued to Fursa Master Global Event
Driven Fund L.P.
|
|
·
|
Three
year Warrants, dated May 18, 2010, to purchase an aggregate of 500,000
shares of common stock of Frederick’s of Hollywood Group Inc. issued to
Fursa Master Rediscovered Opportunities Fund L.P., Fursa Capital Partners
LP, Fursa Master Global Event Driven Fund L.P. and Blackfriars Master
Vehicle LLC – Series 2
|
|
·
|
Five
year Warrants, dated May 18, 2010, to purchase an aggregate of 500,000
shares of common stock of Frederick’s of Hollywood Group Inc. issued to
Fursa Master Rediscovered Opportunities Fund L.P., Fursa Capital Partners
LP, Fursa Master Global Event Driven Fund L.P. and Blackfriars Master
Vehicle LLC – Series 2
|
|
·
|
Seven
year Warrants, dated May 18, 2010, to purchase an aggregate of 500,000
shares of common stock of Frederick’s of Hollywood Group Inc. issued to
Fursa Master Rediscovered Opportunities Fund L.P., Fursa Capital Partners
LP, Fursa Master Global Event Driven Fund L.P. and Blackfriars Master
Vehicle LLC – Series 2
|
5.
|
Lock
Up Agreements
|
Lock Up
Agreements, each dated as of May 18, 2010, by and between Frederick’s of
Hollywood Group Inc. and each of Fursa Master Rediscovered Opportunities Fund
L.P., Fursa Capital Partners LP, Fursa Master Global Event Driven Fund L.P. and
Blackfriars Master Vehicle LLC – Series 2
Schedules
55
5.01(cc)
Equity
Capitalization
Authorized, Issued and
Outstanding Capital Stock of Group and Shares Reserved for
Issuance:
Total Shares Authorized
|
Common Stock,
$.01 par value
|
Preferred Stock,
$.01 par value
|
||||||
200,000,000 | 10,000,000 | |||||||
Shares Issued and
Outstanding
|
38,118,199 | 0 | ||||||
Shares reserved for
issuance
|
||||||||
Shares
issuable upon exercise of stock options granted and
outstanding
|
3,002,724 | |||||||
Shares
in the form of stock options and other equity awards available for
grant
|
3,941,209 | |||||||
Shares
issuable upon exercise of outstanding warrants
|
4,678,746 | |||||||
Total shares reserved for
issuance
|
11,622,679 |
(i) Share
capital of Frederick’s of Hollywood Group Inc. subject to preemptive rights or
similar rights: NONE
(ii) Securities,
contracts or arrangements by which Frederick’s of Hollywood Group Inc. or any of
its Subsidiaries is or may become bound to issue additional share
capital:
|
·
|
Warrant,
dated January 28, 2008, to purchase 298,296 shares of common stock of
Frederick’s of Hollywood Group Inc. issued to Xxxxxx Investments,
LLC
|
|
·
|
Warrant,
dated January 28, 2008, to purchase 298,296 shares of common stock of
Frederick’s of Hollywood Group Inc. issued to Fursa Master Global Event
Driven Fund L.P.
|
|
·
|
Series
A Warrant, dated March 16, 2010, to purchase an aggregate of 1,162,820
shares of common stock of Frederick’s of Hollywood Group Inc. issued to
the purchasers party to the Securities Purchase Agreement, dated as of
March 16, 2010, between Frederick’s of Hollywood Group Inc. and each of
the purchasers
|
|
·
|
Series
B Warrant, dated March 16, 2010, to purchase an aggregate of 1,162,820
shares of common stock of Frederick’s of Hollywood Group Inc. issued to
the purchasers party to the Securities Purchase Agreement, dated as of
March 16, 2010, between Frederick’s of Hollywood Group Inc. and each of
the purchasers
|
|
·
|
Series
B Warrant, dated March 16, 2010, to purchase 218,029 shares of common
stock of Frederick’s of Hollywood Group Inc. issued to Avalon Securities
Ltd.
|
(iii) Outstanding
credit facilities: Existing Xxxxx Fargo Agreement and related
documents
(iv) Financing
statements securing obligations: See Schedule
6.02(b)
(v)
Registration
rights agreements for which Group of any of its Subsidiaries is or could be
subject to financial penalties: NONE
(vi) Outstanding
securities with redemption or similar
provisions: NONE
(vii) Liabilities
or obligations required to be disclosed in SEC Documents but not so
disclosed: NONE
(viii) Outstsanding
SEC comment letters: NONE
Schedules
56
Schedule
6.01(s)
Debt Service Coverage
Ratio
Computation Period Ending
|
Debt Service Coverage Ratio
|
|
Fiscal
Year Ending July 2011;
|
1:50:
1.00
|
|
Each
Quarterly Period thereafter
|
||
measured
on an LTM basis.
|
1:50:
1.00
|
Schedules
57
Schedule
6.02(b)
Existing
Liens
Tangible
Assets
DEBTOR
|
SECURED
PARTY/CREDITOR
|
STATE
|
UCC OR FILING
NUMBER
|
FILING
DATE
|
COLLATERAL
|
ADDITIONAL
FILING
INFORMATION
|
||||||
TANGIBLE
ASSETS
|
||||||||||||
Frederick’s
of Hollywood Group Inc.
|
Xxxxx
Fargo Retail Finance II, LLC, as agent
|
NY
|
200801290081909
|
1/29/08
|
Blanket
|
|||||||
Frederick’s
of Hollywood Group Inc.
|
Fursa
Master Global Event Driven Fund X.X.
Xxxxx
Capital Partners LP
Blackfriars
Master Vehicle LLC – Series 2
Fursa
Master Rediscovered Opportunities Fund L.P.
|
NY
|
200801290086074
|
1/29/08
|
Blanket
|
Termination
Statement filed 7/23/10
File
Number 201007230401081
|
||||||
Frederick’s
of Hollywood Group Inc.
|
Verizon
Credit Inc.
|
NY
|
200907205660035
|
7/20/09
|
Cisco
data equipment
|
Lessee/Lessor
|
||||||
Movie
Star, Inc. (now known as Frederick’s of Hollywood Group
Inc.)
|
The
CIT Group/Commercial Services, Inc.
|
NY
|
200606280536198
|
6/28/06
|
Accounts,
documents of title, general intangibles, inventory and other collateral as
described
|
Termination
statement filed 7/23/10
File
number 201007230401093
|
||||||
Movie
Star, Inc. (now known as Frederick’s of Hollywood Group
Inc.)
|
IBM
Credit LLC
|
NY
|
200607175708654
|
7/17/06
|
IBM
leased equipment
|
Lessee/Lessor
|
||||||
Movie
Star, Inc. (now known as Frederick’s of Hollywood Group
Inc.)
|
NY
Department of Taxation and Finance
|
NY
|
000126325-01
|
11/17/88
|
N/A
|
$11,777.52
State
Tax
Lien
|
Schedules
00
XXXXXX
|
XXXXXXX
XXXXX/XXXXXXXX
|
XXXXX
|
XXX XX FILING
NUMBER
|
FILING
DATE
|
COLLATERAL
|
ADDITIONAL
FILING
INFORMATION
|
||||||
FOH
Holdings, Inc.
|
Xxxxx
Fargo Retail Finance II, LLC, as agent
|
DE
|
30029085
|
1/6/03
|
Blanket
|
Assignment
filed 5/22/03
Continuation
filed 8/8/07
|
||||||
FOH
Holdings, Inc.
|
Fursa
Master Global Event Driven Fund, L.P., a Cayman Islands limited
partnership
Blackfriars
Master Vehicle LLC – Series 2, a Delaware limited liability
company
Fursa
Capital Partners LP, a Delaware limited partnership
Fursa
Master Rediscovered Opportunities Fund, L.P., a Cayman Islands limited
partnership
|
DE
|
80341873
|
1/29/08
|
Blanket
|
Termination
Statement filed 7/22/10
2010
2556326
|
||||||
Frederick’s
of Hollywood, Inc.
|
Xxxxx
Fargo Retail Finance II, LLC, as agent
|
DE
|
30029051
|
1/6/03
|
Blanket
|
Assignment
filed 1/6/03
Continuation
filed 8/8/07
|
||||||
Frederick’s
of Hollywood, Inc.
|
Fursa
Master Global Event Driven Fund, L.P., a Cayman Islands limited
partnership
Blackfriars
Master Vehicle LLC – Series 2, a Delaware limited liability
company
Fursa
Capital Partners LP, a Delaware limited partnership
Fursa
Master Rediscovered Opportunities Fund, L.P., a Cayman Islands limited
partnership
|
DE
|
80341873
|
1/29/08
|
Blanket
|
Termination
Statement filed 7/22/10
2010
2556326
|
Schedules
00
XXXXXX
|
XXXXXXX
XXXXX/XXXXXXXX
|
XXXXX
|
XXX XX FILING
NUMBER
|
FILING
DATE
|
COLLATERAL
|
ADDITIONAL
FILING
INFORMATION
|
||||||
Xxxxxxxxxx.xxx,
Inc.
|
Xxxxx
Fargo Retail Finance II, LLC, as agent
|
NV
|
2003000339-5
|
1/6/03
|
Blanket
|
Assignment
filed 6/21/03
Continuation
filed 11/21/07
|
||||||
Xxxxxxxxxx.xxx,
Inc.
|
Fursa
Master Global Event Driven Fund X.X.
Xxxxx
Capital Partners LP
Blackfriars
Master Vehicle LLC – Series 2
Fursa
Master Rediscovered Opportunities Fund L.P.
|
NV
|
2008003191-4
|
1/30/08
|
Blanket
|
Termination
Statement filed 7/22/10
Filing
Number 2010018376-8
|
||||||
Xxxxxxxxxx.xxx.Xxx.
|
Xxxxx
Fargo Retail Finance II, LLC, as agent
|
NV
|
2008034178-3
|
11/6/08
|
Blanket
|
|||||||
Frederick’s
of Hollywood Stores, Inc.
|
Xxxxx
Fargo Retail Finance II, LLC, as agent
|
NV
|
2003000343-4
|
1/6/03
|
Blanket
|
Assignment
filed 6/25/03
Continuation
filed 11/9/07
|
||||||
Frederick’s
of Hollywood Stores, Inc.
|
Fursa
Master Global Event Driven Fund X.X.
Xxxxx
Capital Partners LP
Blackfriars
Master Vehicle LLC – Series 2
Fursa
Master Rediscovered Opportunities Fund L.P.
|
NV
|
2008003191-4
|
1/30/08
|
Blanket
|
Termination
Statement filed 7/22/10
Filing
Number
2010018376-8
|
Schedules
00
XXXXXX
|
XXXXXXX
XXXXX/XXXXXXXX
|
XXXXX
|
XXX XX FILING
NUMBER
|
FILING
DATE
|
COLLATERAL
|
ADDITIONAL
FILING
INFORMATION
|
||||||
Frederick’s
of Hollywood Stores, Inc.
|
Xxxxx
Fargo Retail Finance II, LLC
|
NV
|
0000000000-1
|
11/6/08
|
Blanket
|
|||||||
Hollywood
Mail Order, LLC
|
Xxxxx
Fargo Retail Finance II, LLC, as agent
|
NV
|
2003000345-8
|
1/6/03
|
Blanket
|
Assignment
filed 5/21/03
Continuation
filed 11/21/07
|
||||||
Hollywood
Mail Order, LLC
|
Fursa
Master Global Event Driven Fund X.X.
Xxxxx
Capital Partners LP
Blackfriars
Master Vehicle LLC – Series 2
Fursa
Master Rediscovered Opportunities Fund L.P.
|
NV
|
2008003191-4
|
1/30/08
|
Blanket
|
Termination
Statement filed 7/22/10
Filing
Number 2010018376-8
|
||||||
Hollywood
Mail Order, LLC
|
Xxxxx
Fargo Retail Finance II, LLC, as agent
|
NV
|
2008034176-9
|
11/6/08
|
Blanket
|
Schedules
61
Intangible
Assets
OWNER
|
XXXX
|
SER. NO.
/ REG.
NO.
|
FILED /
ISSUED
|
EXP.
DATE
|
ASSIGNMENT / SECURITY INTEREST
|
|||||
Frederick’s
of Hollywood, Inc.
|
F
[Stylized]
|
Reg.
No.
3,532,435
|
Registered
11/11/2008
|
11/11/2018
|
Security
Interest to Xxxxx Fargo Retail Finance II, LLC, as agent, Recorded on
1/31/2008 at Reel / Frame 3708/0058
|
|||||
Frederick’s
of Hollywood, Inc.
|
F
[Stylized]
|
Reg.
No.
3,076,474
|
Registered
4/4/2006
|
4/4/2016
|
Security
Interest to Xxxxx Fargo Retail Finance II, LLC, as agent, Recorded on
1/31/2008 at Reel / Frame 3708/0058
|
|||||
Frederick’s
of Hollywood, Inc.
|
FREDERICK’S
|
Reg.
No.
1,051,548
|
Registered
10/26/1976
|
10/26/2016
|
Security
Interest to Xxxxx Fargo Retail Finance II, LLC, as agent, Recorded on
1/31/2008 at Reel / Frame 3708/0058
Assignment
for Security to Xxxxx Fergo Retail Finance LLC, Recorded 2/26/2003 at
Reel/Frame 2610/0984
|
|||||
Frederick’s
of Hollywood, Inc.
|
FREDERICK’S
|
Reg.
No.
1,052,485
|
Registered
11/9/1976
|
11/9/2016
|
Security
Interest to Xxxxx Fargo Retail Finance II, LLC, as agent, Recorded on
1/31/2008 at Reel / Frame 3708/0058
Assignment
for Security to Xxxxx Fergo Retail Finance LLC, Recorded 2/26/2003 at
Reel/Frame 2610/0984
|
|||||
Frederick’s
of Hollywood, Inc.
|
FREDERICK’S
|
Reg.
No.
1,055,867
|
Registered
1/11/1977
|
1/11/2017
|
Security
Interest to Xxxxx Fargo Retail Finance II, LLC, as agent, Recorded on
1/31/2008 at Reel / Frame 3708/0058
Assignment
for Security to Xxxxx Fergo Retail Finance LLC, Recorded 2/26/2003 at
Reel/Frame
2610/0984
|
Schedules
62
OWNER
|
XXXX
|
SER. NO.
/ REG.
NO.
|
FILED /
ISSUED
|
EXP.
DATE
|
ASSIGNMENT / SECURITY INTEREST
|
|||||
Frederick’s
of Hollywood, Inc.
|
FREDERICK’S
|
Reg.
No.
1,058,525
|
Registered
2/8/1977
Renewed
|
2/8/2017
|
Security
Interest to Xxxxx Fargo Retail Finance II, LLC, as agent, Recorded on
1/31/2008 at Reel / Frame 3708/0058
Assignment
for Security to Xxxxx Fergo Retail Finance LLC, Recorded 2/26/2003 at
Reel/Frame 2610/0984
|
|||||
Frederick’s
of Hollywood, Inc.
|
FREDERICK’S
[Stylized]
|
Reg.
No.
664,746
|
Registered
7/22/1958
|
7/22/2018
|
Security
Interest to Xxxxx Fargo Retail Finance II, LLC, as agent, Recorded on
1/31/2008 at Reel / Frame 3708/0058
Assignment
for Security to Xxxxx Fergo Retail Finance LLC, Recorded 2/26/2003 at
Reel/Frame 2610/0984
|
|||||
Frederick’s
of Hollywood, Inc.
|
XXXXXXXXXX.XXX
|
Reg.
No.
2,403,596
|
Registered
11/14/2000
|
11/14/2010
|
Security
Interest to Xxxxx Fargo Retail Finance II, LLC, as agent, Recorded on
1/31/2008 at Reel / Frame 3708/0058
Assignment
for Security to Xxxxx Fergo Retail Finance LLC, Recorded 2/26/2003 at
Reel/Frame 2610/0984
|
|||||
Frederick’s
of Hollywood, Inc.
|
FREDERICK’S
OF HOLLYWOOD
|
Reg.
No.
1,627,771
|
Registered
12/11/1990
|
12/11/2010
|
Security
Interest to Wells Fargo Retail Finance II, LLC, as agent, Recorded on
1/31/2008 at Reel / Frame 3708/0058
Assignment
for Security to Wells Fergo Retail Finance LLC, Recorded 2/26/2003 at
Reel/Frame 2610/0984
|
|||||
Frederick’s
of Hollywood, Inc.
|
FREDERICK’S
OF HOLLYWOOD
|
Reg.
No.
1,674,329
|
Registered
2/4/1992
|
2/4/2012
|
Security
Interest to Wells Fargo Retail Finance II, LLC, as agent, Recorded on
1/31/2008 at Reel / Frame 3708/0058
Assignment
for Security to Wells Fergo Retail Finance LLC, Recorded 2/26/2003 at
Reel/Frame
2610/0984
|
Schedules
63
OWNER
|
MARK
|
SER. NO.
/ REG.
NO.
|
FILED /
ISSUED
|
EXP.
DATE
|
ASSIGNMENT / SECURITY INTEREST
|
|||||
Frederick’s
of Hollywood, Inc.
|
FREDERICK’S
OF HOLLYWOOD
[Stylized]
|
Reg.
No.
2,932,489
|
Registered
3/15/2005
|
3/15/2015
|
Security
Interest to Wells Fargo Retail Finance II, LLC, as agent, Recorded on
1/31/2008 at Reel / Frame 3708/0058
|
|||||
Frederick’s
of Hollywood, Inc.
|
FREDERICK’S
OF HOLLYWOOD
[Stylized]
|
Reg.
No.
3,405,857
|
Registered
4/1/2008
|
4/1/2018
|
Security
Interest to Wells Fargo Retail Finance II, LLC, as agent, Recorded on
1/31/2008 at Reel / Frame 3708/0058
|
|||||
Frederick’s
of Hollywood, Inc.
|
GET
CHEEKY [and Design]
|
Reg.
No.
3,416,487
|
Registered
4/29/2008
|
4/29/2018
|
Security
Interest to Wells Fargo Retail Finance II, LLC, as agent, Recorded on
1/31/2008 at Reel / Frame 3708/0058
|
|||||
Frederick’s
of Hollywood, Inc.
|
PREMIERE
LINE BY FREDERICK’S OF HOLLYWOOD
|
Reg.
No.
3,456,537
|
Registered
7/1/2008
|
7/1/2018
|
Security
Interest to Wells Fargo Retail Finance II, LLC, as agent, Recorded on
1/31/2008 at Reel / Frame 3708/0058
|
|||||
Frederick’s
of Hollywood, Inc.
|
THE
HOLLYWOOD EXXTREME CLEAVAGE [and Design]
|
Reg.
No. 3,164,722
|
Registered
10/31/2006
|
10/31/2016
|
Security
Interest to Wells Fargo Retail Finance II, LLC, as agent, Recorded on
1/31/2008 at Reel / Frame 3708/0058
|
|||||
Frederick’s
of Hollywood, Inc.
|
|
THE
ORIGINAL SEX SYMBOL
|
|
Reg.
No. 3,156,626
|
|
Registered
10/17/2006
|
|
10/17/2016
|
|
Security
Interest to Wells Fargo Retail Finance II, LLC, as agent, Recorded on
1/31/2008 at Reel / Frame
3708/0058
|
Schedules
64
3.
|
Registrations
owned by Frederick’s of Hollywood Group,
Inc.
|
OWNER
|
MARK
|
SER. NO.
/ REG.
NO.
|
FILED /
ISSUED
|
EXP.
DATE
|
ASSIGNMENT / SECURITY INTEREST
|
|||||
Frederick’s
of Hollywood Group, Inc.
|
CINEJOUR
|
Reg.
No.
1,605,698
|
Registered
7/10/1990
|
7/10/2020
|
Security
Interest to Wells Fargo Retail Finance II, LLC, as agent, Recorded on
3/5/2008 at Reel / Frame 3738/0400
|
|||||
Frederick’s
of Hollywood Group, Inc.
|
CINEMA
ETOILE [Stylized]
|
Reg.
No.
1,209,847
|
Registered
9/21/1982
|
9/21/2012
|
Security
Interest to Wells Fargo Retail Finance II, LLC, as agent, Recorded on
3/5/2008 at Reel / Frame 3738/0400
|
|||||
Frederick’s
of Hollywood Group, Inc.
|
CINEMA
STUDIO
|
Reg.
No.
3,309,506
|
Registered
10/9/2007
|
10/9/2017
|
Security
Interest to Wells Fargo Retail Finance II, LLC, as agent, Recorded on
3/5/2008 at Reel / Frame 3738/0400
|
|||||
Frederick’s
of Hollywood Group, Inc.
|
COMFY
COZY
|
Reg.
No.
2,582,551
|
Registered
6/18/2002
|
6/18/2012
|
Security
Interest to Wells Fargo Retail Finance II, LLC, as agent, Recorded on
3/5/2008 at Reel / Frame 3738/0400
|
|||||
Frederick’s
of Hollywood Group, Inc.
|
CUDDL'FORM
[Stylized]
|
Reg.
No.
345,102
|
Registered
4/13/1937
|
4/13/2017
|
Security
Interest to Wells Fargo Retail Finance II, LLC, as agent, Recorded on
3/5/2008 at Reel / Frame 3738/0400
|
|||||
Frederick’s
of Hollywood Group, Inc.
|
HEATHER
NICOLE
|
Reg.
No.
1,704,269
|
Registered
7/28/1992
|
7/28/2012
|
Security
Interest to Wells Fargo Retail Finance II, LLC, as agent, Recorded on
3/5/2008 at Reel / Frame 3738/0400
|
|||||
Frederick’s
of Hollywood Group, Inc.
|
KNICKERS
BY CINEMA ETOILE
|
Reg.
No.
3,373,701
|
Registered
1/22/2008
|
1/22/2018
|
Security
Interest to Wells Fargo Retail Finance II, LLC, as agent, Recorded on
3/5/2008 at Reel / Frame 3738/0400
|
|||||
Frederick’s
of Hollywood Group, Inc.
|
MOVIE
STAR
|
Reg.
No.
690,969
|
Registered
1/5/1960
|
1/5/2020
|
Security
Interest to Wells Fargo Retail Finance II, LLC, as agent, Recorded on
3/5/2008 at Reel / Frame 3738/0400
|
|||||
Frederick’s
of Hollywood Group, Inc.
|
MOVIE
STAR
|
Reg.
No.
1,190,788
|
Registered
2/23/1982
|
2/23/2012
|
Security
Interest to Wells Fargo Retail Finance II, LLC, as agent, Recorded on
3/5/2008 at Reel / Frame 3738/0400
|
|||||
Frederick’s
of Hollywood Group, Inc.
|
M·T·B
MEANT TO BE [and Design]
|
Reg.
No.
2,428,946
|
Registered
2/13/2001
|
2/13/2011
|
Security
Interest to Wells Fargo Retail Finance II, LLC, as agent, Recorded on
3/5/2008 at Reel / Frame
3738/0400
|
Schedules
65
OWNER
|
MARK
|
SER. NO.
/ REG.
NO.
|
FILED /
ISSUED
|
EXP.
DATE
|
ASSIGNMENT / SECURITY INTEREST
|
|||||
Frederick’s
of Hollywood Group, Inc.
|
NIGHT
MANEUVERS
|
Reg.
No.
2,977,356
|
Registered
7/26/2005
|
7/26/2015
|
Security
Interest to Wells Fargo Retail Finance II, LLC, as agent, Recorded on
3/5/2008 at Reel / Frame 3738/0400
|
|||||
Frederick’s
of Hollywood Group, Inc.
|
NIGHT
MAGIC
|
Reg.
No.
2,039,454
|
Registered
2/18/1997
|
2/18/2017
|
Security
Interest to Wells Fargo Retail Finance II, LLC, as agent, Recorded on
3/5/2008 at Reel / Frame 3738/0400
|
|||||
Frederick’s
of Hollywood Group, Inc.
|
PAM
UNDIES [Stylized]
|
Reg.
No.
1,303,849
|
Registered
11/6/1984
|
11/6/2014
|
Security
Interest to Wells Fargo Retail Finance II, LLC, as agent, Recorded on
3/5/2008 at Reel / Frame 3738/0400
|
|||||
Frederick’s
of Hollywood Group, Inc.
|
REAL
SHAPES
|
Reg.
No.
1,585,795
|
Registered
3/6/1990
|
3/6/2020
|
Security
Interest to Wells Fargo Retail Finance II, LLC, as agent, Recorded on
3/5/2008 at Reel / Frame 3738/0400
|
|||||
Frederick’s
of Hollywood Group, Inc.
|
SEDUCTIVE
WEAR
|
Reg.
No.
2,228,739
|
Registered
3/2/1999
|
3/2/2019
|
Security
Interest to Wells Fargo Retail Finance II, LLC, as agent, Recorded on
3/5/2008 at Reel / Frame 3738/0400
|
|||||
Frederick’s
of Hollywood Group, Inc.
|
SEDUCTIVE
WEAR BY CINEMA ETOILE
|
Reg.
No.
2,228,727
|
Registered
3/2/1999
|
3/2/2019
|
Security
Interest to Wells Fargo Retail Finance II, LLC, as agent, Recorded on
3/5/2008 at Reel / Frame 3738/0400
|
|||||
Frederick’s
of Hollywood Group, Inc.
|
STARDUST
|
Reg.
No.
2,546,914
|
Registered
3/12/2002
|
3/12/2012
|
Security
Interest to Wells Fargo Retail Finance II, LLC, as agent, Recorded on
3/5/2008 at Reel / Frame 3738/0400
|
|||||
Frederick’s
of Hollywood Group, Inc.
|
STARRY
NITES
|
Reg.
No.
1,499,666
|
Registered
8/9/1988
|
8/9/2018
|
Security
Interest to Wells Fargo Retail Finance II, LLC, as agent, Recorded on
3/5/2008 at Reel / Frame 3738/0400
|
|||||
Frederick’s
of Hollywood Group, Inc.
|
SWEET-TOPS
[Stylized]
|
Reg.
No.
1,190,785
|
Registered
2/23/1982
|
2/23/2012
|
Security
Interest to Wells Fargo Retail Finance II, LLC, as agent, Recorded on
3/5/2008 at Reel / Frame 3738/0400
|
|||||
Frederick’s
of Hollywood Group, Inc.
|
|
THE
BOUDOIR COLLECTION
|
|
Reg.
No.
3,489,101
|
|
Registered
8/19/2008
|
|
8/19/2018
|
|
Security
Interest to Wells Fargo Retail Finance II, LLC, as agent, Recorded on
3/5/2008 at Reel / Frame
3738/0400
|
Schedules
66
Schedule
6.02(f)
Existing
Investments
None
Schedules
67
Schedule
6.02(j)
Transactions with
Affiliates
|
1.
|
The
purchase and sale of inventory to Cinejour Lingerie, Inc., a wholly-owned
subsidiary of Frederick’s of Hollywood Group
Inc.
|
|
2.
|
Employment
related agreements with Executive Officers: See Schedule
5.01(v)(D)
|
|
3.
|
Non-Employee
Director Stock Option
Agreements:
|
|
·
|
Stock
Option Agreement, dated December 6, 2004 between Peter Cole and
Frederick’s of Hollywood Group Inc.
|
|
·
|
Stock
Option Agreement, dated December 6, 2004 between John Eisel and
Frederick’s of Hollywood Group Inc.
|
|
·
|
Stock
Option Agreement dated January 28, 2008 between Frederick’s of Hollywood
Group Inc. and Performance Enhancement Partners,
LLC
|
|
·
|
Stock
Option Agreement dated July 28, 2008 between Frederick’s of Hollywood
Group Inc. and Performance Enhancement Partners,
LLC
|
|
·
|
Stock
Option Agreement dated as of December 8, 2006, between FOH Holdings, Inc.
and Milton J. Walters
|
|
4.
|
Warrants:
|
|
·
|
Warrant,
dated January 28, 2008, to purchase 298,296 shares of common stock of
Frederick’s of Hollywood Group Inc. issued to Tokarz Investments,
LLC
|
|
·
|
Warrant,
dated January 28, 2008, to purchase 298,296 shares of common stock of
Frederick’s of Hollywood Group Inc. issued to Fursa Master Global Event
Driven Fund L.P.
|
|
·
|
Three
year Warrants, dated May 18, 2010, to purchase an aggregate of 500,000
shares of common stock of Frederick’s of Hollywood Group Inc. issued to
Fursa Master Rediscovered Opportunities Fund L.P., Fursa Capital Partners
LP, Fursa Master Global Event Driven Fund L.P. and Blackfriars Master
Vehicle LLC – Series 2
|
|
·
|
Five
year Warrants, dated May 18, 2010, to purchase an aggregate of 500,000
shares of common stock of Frederick’s of Hollywood Group Inc. issued to
Fursa Master Rediscovered Opportunities Fund L.P., Fursa Capital Partners
LP, Fursa Master Global Event Driven Fund L.P. and Blackfriars Master
Vehicle LLC – Series 2
|
|
·
|
Seven
year Warrants, dated May 18, 2010, to purchase an aggregate of 500,000
shares of common stock of Frederick’s of Hollywood Group Inc. issued to
Fursa Master Rediscovered Opportunities Fund L.P., Fursa Capital Partners
LP, Fursa Master Global Event Driven Fund L.P. and Blackfriars Master
Vehicle LLC – Series 2
|
|
5.
|
Lock
Up Agreements
|
Lock Up
Agreements, each dated as of May 18, 2010, by and between Frederick’s of
Hollywood Group Inc. and each of Fursa Master Rediscovered Opportunities Fund
L.P., Fursa Capital Partners LP, Fursa Master Global Event Driven Fund L.P. and
Blackfriars Master Vehicle LLC – Series 2
Schedules
68
Schedule
6.02(k)
Limitations on Dividends and
Other Payment Restrictions
Existing
Wells Fargo Agreement and related documents
Schedules
69
EXHIBIT
A
Form of
Guaranty
See
Exhibit 10.2 to this Form 8-K
EXHIBIT
B
Form of
Note
See
Exhibit 10.3 to this Form 8-K
EXHIBIT
C
Form of Security
Agreement
See
Exhibit 10.4 to this Form 8-K
EXHIBIT
D
Form of Intercreditor
Agreement
See
Exhibit 10.7 to this Form 8-K