Serial Number

Exhibit 10.3

		Acceptance Notice/
Banc of America Leasing & Capital, LLC		Pay Proceeds Authorization

Master Loan and Security Agreement Number: 17608-70000

Equipment Security Note Number: 17608-70003 (the “Transaction”)

To: Banc of America Leasing & Capital, LLC

The undersigned hereby certifies that all property described in the above-referenced Transaction by and between Banc of America Leasing & Capital, LLC, and the undersigned has been furnished, that delivery and installation has been fully completed as required, and that the such property has been irrevocably accepted and is satisfactory in all respects to the undersigned for purposes of the Transaction.

We hereby authorize you to disburse the proceeds of this Transaction as follows:

This Equipment Security Note No. 17608-70003, dated as of October 1, 2013 (this “Equipment Note”), is entered into pursuant to and incorporates by this reference all of the terms and provisions of that certain Master Loan and Security Agreement No. 17608-70000 dated as of July 20, 2007 (the “Master Agreement”), by and between Banc of America Leasing & Capital, LLC (“Lender”) and Destination XL Group, Inc. (“Borrower”). All capitalized terms used herein and not defined herein shall have the respective meanings assigned to such terms in the Master Agreement. If any provision of this Equipment Note conflicts with any provision of the Master Agreement, the provisions contained in this Equipment Note shall prevail. Borrower hereby authorizes Lender to insert the serial numbers and other identification data of the Equipment, dates, and other omitted factual matters or descriptions in this Equipment Note.

The occurrence of an “Event of Default,” as defined in the Master Agreement, shall entitle Lender to accelerate the maturity of this Equipment Note and to declare the Prepayment Amount to be immediately due and payable, and to proceed at once to exercise each and every one of the remedies provided in the Master Agreement or otherwise available at law or in equity. All of Borrower’s Obligations under this Equipment Note are absolute and unconditional, and shall not be subject to any offset or deduction whatsoever. Borrower waives any right to assert, by way of counterclaim or affirmative defense in any action to enforce Borrower’s Obligations hereunder, any claim whatsoever against Lender.

1. Equipment Financed; Equipment Location; Grant of Security Interest. Subject to the terms and provisions of the Master Agreement and as provided herein, Lender is providing financing in the principal amount described in Section 2 below to Borrower in connection with the acquisition or financing of the following described Equipment:

Location of Equipment. The Equipment will be located or (in the case of over-the-road vehicles) based at the following locations:

Borrower has agreed and does hereby grant a security interest in and to the Equipment and the Collateral related thereto, whether now owned or hereafter acquired and wherever located, in order to secure the payment and performance of all Obligations owing to Lender, including but not limited to this Equipment Note, all as more particularly provided in the Master Agreement. Lender’s agreement to provide the financing contemplated herein shall be subject to the satisfaction of all conditions established by Lender and Lender’s prior receipt of all required documentation in form and substance satisfactory to Lender in its sole discretion.

2. Payments. For value received, Borrower promises to pay to the order of Lender, the principal amount of $1,698,556.81, together with interest thereon as provided herein. This Equipment Note shall be payable by Borrower to Lender in 48 consecutive monthly, installments of principal and interest (the “Payments”) commencing on November 1, 2013 (the “Initial Payment”) and continuing thereafter through and including October 1, 2017 (the “Maturity Date”) (collectively, the “Equipment Note Term”). Each Payment shall be in the amount provided below, and due and payable on the same day of the month as the Initial Payment set forth above in each succeeding payment period (each, a “Payment Date”) during Equipment Note Term. All interest hereunder shall be calculated on the basis of a year of 360 days comprised of 12 months of 30 days each. The final Payment due and payable on the Maturity Date shall in any event be equal to the entire outstanding and unpaid principal amount of this Equipment Note, together with all accrued and unpaid interest, charges and other amounts owing hereunder and under the Master Agreement.

(a) Interest Rate.

Interest shall accrue on the entire principal amount of this Equipment Note outstanding from time to time at a fixed rate of 3.1067 percent per annum or, if less, the highest rate of interest permitted by applicable law (the “Interest Rate”), from the Advance Date set forth below until the principal amount of this Equipment Note is paid in full, and shall be due and payable on each Payment Date.

(b) Payment Amount.

The principal and interest amount of each Payment shall be $37,676.57.

3. Prepayment The outstanding principal balance of this Equipment Note may be prepaid in whole or part at any time, together with interest and late charges accrued through the date of the prepayment, provided that such prepayment shall be accompanied by a prepayment charge calculated as follows: one percent (1%) of the amount of the prepaid if such prepayment occurs during the period from the date of this Equipment Note to the first anniversary hereof; one-half percent (0.5%) of the amount prepaid if such prepayment occurs during the period commencing on the first day after the first anniversary hereof and continuing through the second anniversary hereof; and no prepayment charge if such prepayment occurs thereafter. Partial prepayments shall be applied against principal installments in their inverse order of maturity. A prepayment charge will not be due if this Equipment Note is refinanced with the Lender.

4. Borrower Acknowledgements. Upon delivery and acceptance of the Equipment, Borrower shall execute this Equipment Note evidencing the amounts financed by Lender in respect of such Equipment and the Payments of principal and interest hereunder. By its execution and delivery of this Equipment Note, Borrower:

EXHIBIT A TO EQUIPMENT SECURITY NOTE NO. 17608-70003

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As more fully described in the electronic disk provided to Lender by Borrower.

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EXHIBIT B EQUIPMENT SECURITY NOTE NO. 17608-70003

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NOTICE AND ACKNOWLEDGMENT OF ASSIGNMENT

September 30, 2013

Mr. Peter Stratton, Jr.

Destination XL Group, Inc.

555 Turnpike Street

Canton, MA 02021

Re: Master Loan and Security Agreement dated as of July 20, 2007 (the “Agreement”), between BANC OF AMERICA LEASING & CAPITAL, LLC (“Assignor”) and Destination XL Group, Inc. (“Customer”)

Assignor hereby gives Customer notice, and Customer hereby acknowledges receipt of notice, that effective as of October 1, 2013 (the “Effective Date”) Assignor has assigned to BERKSHIRE BANK (“Assignee”), whose offices are at 58 State House Square, Hartford, CT 06103, all right, title, interest, obligations and liabilities of Assignor to the extent accruing on or after the Effective Date in and to Collateral Schedule No.: 17608-70003 dated October 1, 2013, executed pursuant to the Agreement (collectively, the “Designated Schedule”), and has assigned to Assignee the security interest granted by Customer with respect to the collateral described on the Designated Schedule (the “Equipment”), and solely to the extent related to the Designated Schedule and the Equipment, all of the other documents, instruments, agreements, certificates and filings executed and/or delivered to Assignor pursuant to the Agreement (together with the Designated Schedule, the “Transaction Documents”).

From and after the Effective Date, all payments now or hereafter becoming due pursuant to the Designated Schedule or with respect to the Equipment shall be paid to Assignor as fiscal agent for Assignee or, upon receipt of notice from Assignee of the termination of such fiscal agency, to Assignee as directed in Assignee’s invoices.

In recognition of Assignee’s reliance upon this Notice and Acknowledgment of Assignment, Customer certifies, confirms and agrees as follows:

Accepted and agreed to on this 1^st day of October, 2013.