APA SECURITY AGREEMENTApa Security Agreement • November 15th, 2010 • Peoples Liberation Inc • Apparel & other finishd prods of fabrics & similar matl • California
THIS APA SECURITY AGREEMENT (as amended, restated, supplemented, extended or otherwise modified from time to time, this "Agreement") dated as of August 13, 2010, is entered into by PEOPLE'S LIBERATION, INC., a Delaware corporation ("PLI"), VERSATILE ENTERTAINMENT, INC., a California corporation ("Versatile" and, together with PLI, the "Sellers"), BELLA ROSE, LLC, a California limited liability company ("Bella Rose"), WILLIAM RAST LICENSING, LLC, a California limited liability company ("Licensing"), WILLIAM RAST SOURCING, LLC, a California limited liability company ("Sourcing"), and WILLIAM RAST RETAIL, LLC, a California limited liability company ("Retail" and together with the Sellers, Bella Rose, Licensing and Sourcing, the "Grantors" and each a "Grantor"), in favor of ECA HOLDINGS II, LLC, a Delaware limited liability company ("ECA"), for the benefit of itself as collateral agent and for the benefit of the Purchasers referred to below (in such capacity, the "Collateral Agent").
