EARN OUT SUBORDINATION AGREEMENTEarn Out Subordination Agreement • October 4th, 2013 • Joe's Jeans Inc. • Apparel & other finishd prods of fabrics & similar matl • New York
This Earn Out Subordination Agreement (this “Agreement”) dated as of September 30, 2013, among The CIT Group/Commercial Services, Inc., as agent for the Working Capital Lenders (as defined below) (in such capacity, together with any Person from time to time succeeding such initial agent in such capacity whether pursuant to a refinancing or otherwise, “Working Capital Agent”), Garrison Loan Agency Services LLC, as agent for the Term Lenders (in such capacity, together with any Person from time to time succeeding such initial agent in such capacity whether pursuant to a refinancing or otherwise, “Term Loan Agent”), Joseph M. Dahan, a resident of California (“Subordinated Creditor”) and each of the Loan Parties (as defined below).
