BINDING MEMORANDUM OF UNDERSTANDINGStock Option and Subscription Agreement • October 15th, 2012 • Naked Brand Group Inc. • Men's & boys' furnishgs, work clothg, & allied garments • New York
The following sets forth the terms of the binding memorandum of understanding (this “MOU”) entered into as of October 9, 2012 (“Effective Date”), by and between Naked Boxer Brief Clothing Inc. which is the parent company of Naked Brand Group, Inc., currently trading under the OTCQB Stock Symbol “NAKD”) (collectively, the “Company”) on one hand, and Shark Investors, LLC (“Shark Investors”) on the other.
