| August 17, 2018 | | | By Order of the Board of Directors | |
| | | |
/s/ William Sweedler
William Sweedler
Chairman of the Board of Directors |
|
Name of Stockholder
|
| |
Number of
Shares of Common Stock held |
| |
Number of
Shares of Series A Preferred Stock held |
| |
Number of
Shares of Series A-1 Preferred Stock Held |
| |
Number of
Votes held by Stockholder |
| |
Number of
Votes that Voted in favor of the Actions |
| |
Percentage of
the Voting Equity that Voted in Favor of the Actions |
| ||||||||||||||||||
Tengram Capital Partners Gen2 Fund, L.P.
|
| | | | 1,363,306 | | | | | | 0 | | | | | | 0 | | | | | | 1,363,306 | | | | | | 1,363,306 | | | | | | 5.55% | | |
Tengram Capital Associates, LLC
|
| | | | 112,559 | | | | | | 0 | | | | | | 0 | | | | | | 112,559 | | | | | | 112,559 | | | | | | 0.46% | | |
Tengram Capital Partners Fund II, L.P.
|
| | | | 0 | | | | | | 0 | | | | | | 4,794,422 | | | | | | 4,794,422 | | | | | | 4,794,422 | | | | | | 19.53% | | |
TCP Denim, LLC
|
| | | | 0 | | | | | | 5,656,200 | | | | | | 0 | | | | | | 5,656,200 | | | | | | 5,656,200 | | | | | | 23.04% | | |
RG II, Blocker LLC
|
| | | | 41,909 | | | | | | 0 | | | | | | 0 | | | | | | 41,909 | | | | | | 41,909 | | | | | | 0.17% | | |
Peter Kim
|
| | | | 418,024 | | | | | | 0 | | | | | | 0 | | | | | | 418,024 | | | | | | 418,024 | | | | | | 1.70% | | |
Total
|
| | | | 1,935,798 | | | | | | 5,656,200 | | | | | | 4,794,422 | | | | | | 12,386,420 | | | | | | 12,386,420 | | | | | | 50.45% | | |
Beneficial Owner
|
| |
Number of
Shares Beneficially Owned |
| |
Percentage of
Common Stock |
| ||||||
5% Stockholders (Excluding Directors and Officers) | | | | ||||||||||
Entities affiliated with Tengram Capital Partners, L.P.
|
| | | | 12,468,396(1) | | | | | | 53.2% | | |
Arthur Rabin
|
| | | | 901,773(2) | | | | | | 6.4% | | |
Barry Sternlicht
|
| | | | 877,103(3) | | | | | | 6.2% | | |
Fireman Capital CPF Hudson Co-Invest LP
|
| | | | 720,976(4) | | | | | | 5.0% | | |
Directors and Officers (including all Named Executive Officers) | | | | ||||||||||
Michael Buckley | | | | | 681,782(5) | | | | | | 4.8% | | |
Chief Executive Officer and Director
|
| | | ||||||||||
Bob Ross | | | | | 49,413(6) | | | | | | * | | |
Chief Financial Officer
|
| | | ||||||||||
Peter Kim | | | | | 1,131,871(7) | | | | | | 7.7% | | |
Founder and Vice-Chairman of Hudson
|
| | | ||||||||||
William Sweedler | | | | | 12,477,455(8) | | | | | | 53.2% | | |
Director, Chairman of the Board
|
| | | ||||||||||
Matthew Eby | | | | | 12,477,454(9) | | | | | | 53.2% | | |
Director
|
| | | ||||||||||
Kelly Hoffman | | | | | 63,318(10) | | | | | | * | | |
Director
|
| | | ||||||||||
Walter McLallen | | | | | 63,318(11) | | | | | | * | | |
Director
|
| | | ||||||||||
Kent Savage | | | | | 71,303(12) | | | | | | * | | |
Director
|
| | | ||||||||||
Andrew Tarshis | | | | | — | | | | | | — | | |
Director
|
| | | ||||||||||
All directors and executive officers, as a group (9 persons)(13)
|
| | | | 14,547,519 | | | | | | 54.8% | | |
| | | | ||
| August 17, 2018 | | | By Order of the Board of Directors | |
| | | | ||
| | | |
/s/ William Sweedler
William Sweedler
Chairman of the Board of Directors |
|
| | |
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ADSP
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Section 7.12(b)
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ADSP Allocation
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Section 7.12(b)
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Agreed Claim Items
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Section 10.5(c)
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Agreement
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Preamble
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Alternative Arrangements
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Section 10.7
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Assets
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Section 2.2
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Assumed Liabilities
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Section 2.2
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Assumed License Agreement Liabilities
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Section 2.2
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Audit Party
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Section 5.25
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Balance Sheet Date
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Section 3.5
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Business Permits
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Section 3.9
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Cap
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Section 10.3(b)
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Claim
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Section 10.5(a)
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Claim Notice
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Section 10.5(b)
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Closing
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Section 2.1
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Closing Date
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Section 2.4
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Continuing Employee
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Section 6.1
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Contributed Assets
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Section 3.2(f)
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Data Room
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Section 1.3(b)
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Debt Commitment Letters
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Section 4.5
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Debt Financing
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Section 4.5
|
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Deductible
|
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Section 10.3(a)
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Deferred Asset
|
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Section 5.15(a)
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DGCL
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Section 5.19(a)
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Disputed Claim Items
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Section 10.5(c)
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Disputed Item
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Section 2.5(b)
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Earn-out Obligations
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Section 5.13(a)
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Earn-up Obligations
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Section 5.13(b)
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End Date
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Section 9.1(b)
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Estimated Purchase Price
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Section 2.3(a)
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Exchange Act
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Section 5.19(a)
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Excluded Assets
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Section 2.2
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Excluded Liabilities
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Section 2.2
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Existing License
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Section 5.11(a)
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Final Information Statement
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Section 5.19(a)
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Financial Statements
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Section 3.5
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General Survival Date
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Section 10.1
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government official
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Section 3.22
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Governmental Consents
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Section 5.3
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Incremental Section 338 Liability
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Section 7.12(c)
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Indemnified Party
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Section 10.5
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Indemnifying Party
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Section 10.5
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Independent Accountant
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Section 2.5(c)
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Insurance Policies
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Section 3.25
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International Trade Laws
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Section 3.22(d)
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Issued Materials
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Section 5.18(a)
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Leased Real Property
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Section 3.18(b)
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Letters of Credit
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Section 5.12
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License Agreements
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Section 3.16(d)
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Material Contracts
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Section 3.17
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Maximum Liability Amount
|
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Section 9.5(d)
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Newco
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Recitals
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Non-Audit Party
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Section 5.25
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Non-Recourse Party
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Section 11.9(a)
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Occurrence Policies
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Section 5.22
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Parent
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Preamble
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Parent Stockholder Approval
|
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Section 3.3
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Parent Termination Fee
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Section 9.3
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Party
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Preamble
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Paying Party
|
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Section 2.5(e)
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Preliminary Information Statement
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Section 5.19(a)
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Proposed Closing Date Calculations
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Section 2.5(a)
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Purchase Price Allocation
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Section 7.10
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Purchased Assets
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Section 2.2
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Purchased Units
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Recitals
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Purchaser
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Preamble
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Purchaser Cure Period
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Section 9.1(f)
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Purchaser Group Holder
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Section 5.4(c)
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Purchaser Indemnified Parties
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Section 10.2
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Purchaser Pre-Closing Tax Return
|
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Section 7.3(b)
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Purchaser Related Parties
|
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Section 9.5(b)
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Purchaser Stockholder Approval
|
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Section 4.2
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Purchaser Straddle Period Tax Return
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Section 7.3(b)
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Purchaser Tax Indemnitee
|
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Section 7.1
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Purchaser Tax Returns
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Section 7.3(b)
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Purchaser Termination Fee
|
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Section 9.4(b)
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Real Property Leases
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Section 3.18(b)
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Receiving Party
|
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Section 2.5(e)
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Recovery Costs
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Section 10.7
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Registered Business Intellectual Property
|
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Section 3.16(a)
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Reorganization
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Recitals
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Required Amount
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Section 4.5
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Resolution Period
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Section 2.5(b)
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Response Notice
|
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Section 10.5(c)
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Reverse Termination Fee
|
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Section 9.4(a)
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Sale
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Section 2.1
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SEC
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Section 5.19(a)
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Section 338(h)(10) Election
|
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Section 7.12(a)
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Seller
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Preamble
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Seller Cure Period
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Section 9.1(e)
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Seller Group Holder
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Section 5.4(b)
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Seller Indemnified Parties
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Section 10.4
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Seller Related Parties
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Section 9.5(b)
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Seller Return
|
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Section 7.3(a)
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Significant Customers
|
| |
Section 3.20
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Significant Suppliers
|
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Section 3.20
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Stockholder Meeting
|
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Section 5.18(a)
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Sublicense Agreements
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Section 2.4(b)(K)
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Tax Representations
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Section 10.1
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Terminating Purchaser Breach
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Section 9.1(f)
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Terminating Seller Breach
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Section 9.1(d)
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Third Party Claim
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Section 10.5(b)
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Transfer Taxes
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Section 7.11
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Transferred Entity Equity Interests
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Section 3.2(a)
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Unit Sale
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| |
Section 2.1
|
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| (a) | | | If to Parent or Seller: | | |||
| | | | GBG USA Inc. 350 5th Ave New York, NY 10118 |
| |||
| | | | Attention: | | | Robert Smits | |
| | | | E-mail: robertsmits@globalbrandsgroup.com | | |||
| | | | with copies to (which shall not constitute notice) to: | | |||
| | | | c/o Global Brands Group Holding Limited 9th Floor, LiFung Tower 888 Cheung Sha Wan Road Hong Kong Attention: Company Secretary |
| |||
| | | | E-mail: business@globalbrandsgroup.com | | |||
| | | | and: | | |||
| | | | Reed Smith LLP 599 Lexington Avenue Fl 24 New York, New York 10022 Attention: Sahra Dalfen |
| |||
| | | | E-mail: SDalfen@ReedSmith.com | | |||
| | | | and: | | |||
| | | | 55th Floor, One Island East Taikoo Place, Quarry Bay Hong Kong |
| |||
| | | | Attention: | | | Teresa Ko Edward Freeman Matthew F. Herman |
|
| | | | E-mail: projectlegendspanotices@freshfields.com | |
| (b) | | | If to Purchaser: | | |||
| | | | Differential Brands Group Inc. 1231 South Gerhant Avenue Commerce, CA 30022 USA |
| |||
| | | | Attention: | | | Lori Nembirkow, SVP, Legal & General Counsel | |
| | | | E-mail: lori@differentialbrandsgroup.com | | |||
| | | | with a copy to: | | |||
| | | | Tengram Capital Partners 600 Fifth Avenue 27th Floor New York, NY 10020 USA |
| |||
| | | | Attention: | | | General Counsel | |
| | | | E-mail: atarshis@tengramcapital.com | | |||
| | | | with a copy to: | | |||
| | | | Dechert LLP 1095 Avenue of the Americas New York, New York 10036 |
| |||
| | | | Attention: | | | Nazim Zilkha Gareth Clark |
|
| | | | E-mail: nzilkha@dechert.com; gareth.clark@dechert.com | |
| | | | Global Brands Group Holding Limited | |
| | | |
By:
/s/ Bruce Rockowitz
Name: Bruce Rockowitz
Title: CEO |
|
| | | | GBG USA INC. | |
| | | |
By:
/s/ Ronald Ventricelli
Name: Ronald Ventricelli
Title: CFO |
|
| | | | DIFFERENTIAL BRANDS GROUP INC. | |
| | | |
By:
/s/ Lori Nembirkow
Name: Lori Nembirkow
Title: Senior Vice President, Legal & Compliance |
|
|
|
| |
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Ares Capital Management LLC
245 Park Avenue, 44th Floor New York, New York 10167 |
| |
HPS Investment Partners, LLC
40 West 57th Street New York, New York 10019 |
|