Confidential Separation Agreement and General Release with Michael Flanagan dated March 17, 2016

EX-10.40 2 exhibit10-40.htm EXHIBIT 10.40 Naked Brand Group, Inc. - Exhibit 10.40 - Filed by newsfilecorp.com

Exhibit 10.40

Description of Oral Arrangement with Kai-Hsiang Lin

In connection with Mr. Lin’s services as the Company’s Vice President of Finance, the Company has agreed to provide Mr. Lin the following compensation terms and benefits:

	1.	Annual cash salary equal to $140,000;

	2.	Eligible to participate in the Company’s benefit plans;

	3.	Eligible to participate in the Company’s long-term equity incentive plans; and

	4.	Entitled to 3 weeks’ vacation.