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EXHIBIT 10.5
Jeans Accessories WS (+Africa, Europe, Asia, C&SA)
19 April 2012
DMG - 25 Apr 12
27 July 2012
Warnaco Asia Limited as successor to CK Jeanswear Asia Limited (“CKJA”)
CK Jeanswear Australia, Ltd. (“CKJ Aus”)
CK Jeanswear New Zealand, Ltd. (“CKJNZ”)
CK Jeanswear Korea, Ltd. (“CKJK”)
CK Jeanswear Shanghai, Ltd. (“CKJS”)
WF Overseas Fashion C.V. (“WFOF”)
Warnaco Italy S.r.l. as successor to CK Jeanswear Europe S.p.A. (“CKJE”)
(“CKJA Group Entities”)
Warnaco B.V. as successor to CKJ Jeanswear N.V. (as “guarantor”) (“CKJNV” together with the CKJA Group Entities and their respective affiliates and successors within the Warnaco family of companies, hereinafter all collectively (the “CKJ Entities” or "W" or "Warnaco")
Re: Calvin Klein, Inc. (“CKI”) and CKJE, CKJA and WFOF “Calvin Klein Jeans” Jeans Accessories License d. 31 Jan 06 as amended (“Jeans Accessories License”)
Ladies and Gentlemen:
CKI and the CKJ Entities hereby agree to amend the Jeans Accessories License, effective 1 July 2012 (the “Effective Date”), to add the specific countries (in Africa to those already included in Africa) set forth on Exhibit A and to add additional countries (and jurisdictions) in South America (“SA”) as set forth on Exhibit A “Africa”, and to add additional countries (and jurisdictions) in Europe as set forth on Exhibit A and to add additional countries (and jurisdictions) in Asia as set forth on Exhibit A annexed hereto and made a part hereof, to the “Territory” covered under the Jeans Accessories License, as follows:
1. The “Territory” as defined under the Jeans Accessories License shall, from and after the Effective Date in addition to South Africa, Tunisia, Algeria, Morocco, Ivory Coast, Senegal and Nigeria include the balance of those countries listed in Exhibit A as a separate region for Africa (sometimes Africa or Africa Region). Furthermore, those countries (and other jurisdictions) listed in Exhibit A respectively shall be added to and included in the Europe Region or the Asia Region or the South America (“SA”) Region, as applicable, in the Territory.
2. There will be no separate dollar amounts or increase in the base dollar amount of either the Minimum Guaranteed Fee or the Minimum Advertising Expenditure amount payable under the Jeans Accessories License applicable to Net Sales in the additional countries (and jurisdictions). Percentage Fees and earned Minimum Advertising Expenditure amounts based on Net Sales in shall receive credits for the Minimum Guaranteed Fees or Minimum Advertising Expenditures amounts as applicable paid thereunder with respect to the region of the Territory to which they are added, if any, as applicable. There will be no separate amounts or increased Minimum Net Sales Threshold amounts applicable to Net Sales the additional countries (and jurisdictions) in the applicable regions, or overall in the Territory. Net Sales will be applied towards satisfaction of the Minimum Net Sales Thresholds provided under the Jeans Accessories License for the region of the Territory to which they are added, if any, as applicable.
3. This amendment to the Jeans Accessories License shall be considered as having been entered into in the State of New York and shall be construed and interpreted in accordance with the laws of that state applicable to agreements made and to be performed therein.
4. Except as set forth herein, the Jeans Accessories License remains in full force and effect as set forth therein. Defined terms, unless otherwise provided herein, shall have the meaning assigned to each of them in the Jeans Accessories License. Except as otherwise indicated herein, all terms and conditions of the Jeans Accessories License shall continue to apply. This amendment may not be amended or modified, or terminated except in writing signed by both parties hereto and exchanged between them.
The parties have executed this amendment as of the date first written above.
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Calvin Klein, Inc.
By:/s/ Tom Murry
Warnaco Asia Limited
By:/s/ Stanley Silverstein
CK Jeanswear Australia, Ltd.
CK Jeanswear New Zealand, Ltd.
CK Jeanswear Korea, Ltd.
CK Jeanswear Shanghai, Ltd.
By:/s/ Stanley Silverstein
Warnaco Italy S.r.l.
By:/s/ Stanley Silverstein
WFOF Overseas Fashion C.V.
By:/s/ Stanley Silverstein
Warnaco B.V.
By:/s/ Elizabeth Wood
Warnaco B.V.
By:/s/ Amy Greenfield
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Exhibit A
Europe Region:
Albania
Andorra
Gibralter
Guernsey
Iceland
Isle of Man
Jersey
Monaco
Montenegro
San Marino
St. Helena
Africa Region: **
Algeria
Benin
Botswana
Burkina
Burundi
Cameroon
Cape Verde
Central African Republic
Chad
Comoros Islands
Congo
Congo (Dem. Rep.)
Djibouti
Equatorial Guinea
Eritrea
Ethiopia
Gabon
Gambia
Ghana
Guinea
Guinea-Bissau
Ivory Coast
Kenya
Lesotho
Liberia
Libya
Madagascar
Malawi
Mali
Mauritania
Mauritius
Morocco
Mozambique
Namibia
Niger
Nigeria
Reunion
Rwanda
Sao Tome and Principe
Senegal
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Seychelles
Sierra Leone
Somalia
South Africa
Sudan
Swaziland
Tanzania
Togo
Tunisia
Uganda
Zambia
Zimbabwe
Asia Region:
Afghanistan
Bangladesh
Bhutan
Brunei
East Timor
Iraq
Kyrgyzstan
Maldives
Mongolia
Nepal
Pakistan
Sri Lanka
Syria
Tajikistan
Turkmenistan
Fiji
Kiribati
Republic of the Marshall Islands
Nauru
Palau
Samoa
Solomon Islands
Tonga
Tuvalu
Vanuatu
South America Region:
Falkland Islands
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