Merchandise Letter Agreement, dated as of May 2, 2019, by Sterling Time, LLC in favor of EVINE Live Inc

EX-10.5 7 tv520520_ex10-5.htm EXHIBIT 10.5


Exhibit 10.5


Evine Live Inc. May 2, 2019
6740 Shady Oak Road  
Eden Prairie, MN ###-###-####  


Re:Merchandise Letter Agreement




On behalf of Sterling Time, LLC, a New York limited liability company, Sterling Time, LLC has read and is familiar with the terms and provisions of that certain Vendor Agreement with you concerning the merchandising of products bearing brands and trademarks of Invicta Watch Company of America, Inc., a Florida corporation (“IWCA”), and that certain Vendor Exclusivity Agreement with you concerning exclusivity regarding the merchandising of products bearing IWCA’s brands and trademarks.


Sterling Time, LLC will commit to purchase watches and watch accessories bearing IWCA’s trademarks and other products from IWCA in an amount no less than $25 million (at wholesale cost) for offer to you for the fall season of 2019.


The terms of this Letter Agreement, shall constitute confidential information of Company and will be held in strict confidence, except that either party may disclose the terms of this Letter Agreement (i) to its attorneys and tax advisors, (ii) for the purpose of enforcing the terms of this Letter Agreement, or (iii) in legally required filings with the U.S. Securities and Exchange Commission and related press releases and investor communications. This Letter Agreement will be governed by the laws of the State of Minnesota, regardless of any conflict of laws principles, and the federal and state courts in Hennepin County, Minnesota shall have exclusive jurisdiction and venue over any disputes arising from or relating to this Letter Agreement.


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Merchandise Letter Agreement

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Very truly yours,      
/s/ /Michael Freidman      
Name: Michael Friedman      
Title: President      
Agreed as of the date first set forth above:      
/s/ Andrea M. Fike      
  Andrea Fike      
  EVP, General Counsel      


Merchandise Letter Agreement

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