UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 23, 2014
01-34219
(Commission File Number)
DESTINATION XL GROUP, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 04-2623104 | |
| (State of Incorporation) | (IRS Employer Identification Number) |
555 Turnpike Street, Canton, Massachusetts 02021
(Address of registrant’s principal executive office)
(781) 828-9300
(Registrant’s telephone number)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| ITEM 1.01 | Entry into a Material Definitive Agreement. |
On June 23, 2014, Destination XL Group, Inc. (the “Company”) entered into two Equipment Security Notes (collectively, the “Notes”) for equipment financing, whereby the Company borrowed an aggregate of $1.6 million. The Notes were issued pursuant to a Master Loan and Security Agreement with Banc of America Leasing & Capital, LLC, dated July 20, 2007 and most recently amended on September 30, 2013 (as amended, the “Master Agreement”).
The Notes are secured by a security interest in all of the Company’s rights, title and interest in and to certain equipment. The Notes are for 48 months and accrue interest at a fixed rate of 3.24%. Principal and interest, in arrears, are payable monthly. The Company is subject to a prepayment penalty equal to 1% of the prepaid principal of the Notes until the first anniversary, 0.5% of the prepaid principal from the first anniversary until the second anniversary and no prepayment penalty thereafter. The Master Agreement includes default provisions that are customary for financings of this type and are similar and no more restrictive than the Company’s existing credit facility with Bank of America, N.A.
The foregoing description of loan documents does not purport to summarize all of their respective provisions and is qualified in its entirety by reference to such agreements filed as Exhibit 10.1 and Exhibit 10.2 to this Current Report on Form 8-K, which are incorporated herein by reference.
| ITEM 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
As described above under Item 1.01, on June 23, 2014, the Company entered into two Notes pursuant to the Master Agreement. The disclosures contained in Item 1.01 of this Report on Form 8-K are incorporated herein by reference.
| ITEM 9.01 | Financial Statements and Exhibits |
| (d) | Exhibits |
| Exhibit |
Description | |
| 10.1 | Equipment Security Note Number 17608-70013 to the Master Loan and Security Agreement, as amended, dated June 23, 2014 between the Company and Banc of America Leasing & Capital, LLC. | |
| 10.2 | Equipment Security Note Number 17608-70014 to the Master Loan and Security Agreement, as amended, dated June 23, 2014 between the Company and Banc of America Leasing & Capital, LLC. | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| DESTINATION XL GROUP, INC. | ||
| By: | /s/ ROBERT S. MOLLOY | |
| Name: | Robert S. Molloy | |
| Title: | Senior Vice President, General Counsel and Secretary | |
Date: June 26, 2014
Exhibit 10.1
|
||
| Banc of America Leasing & Capital, LLC | Equipment Security Note Number 17608-70013 |
This Equipment Security Note No. 17608-70013, dated as of June 16, 2014 (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:
| Quantity |
Description | Serial Number | Cost | |||
See Exhibit A attached hereto
Location of Equipment. The Equipment will be located or (in the case of over-the-road vehicles) based at the following locations:
| Location |
Address |
City |
County |
State |
ZIP | |||||
See Exhibit B attached hereto
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 $313,827.20, 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 July 23, 2014 (the “Initial Payment”) and continuing thereafter through and including June 23, 2018 (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 3.2470 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.
| Equipment Security Note 4.1.06 | Page 1 of 2 |
(b) Payment Amount.
The principal and interest amount of each Payment shall be $6,980.67.
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:
| (a) | reaffirms of all of Borrower’s representations, warranties and covenants as set forth in the Master Agreement and represents and warrants that no Default or Event of Default under the Master Agreement exists as of the date hereof; |
| (b) | represents, warrants and agrees that: (i) the Equipment has been delivered and is in an operating condition and performing the operation for which it is intended to the satisfaction of Borrower; (ii) each item of Equipment has been unconditionally accepted by Borrower for all purposes under the Master Agreement and this Equipment Note; and (iii) there has been no material adverse change in the operations, business, properties or condition, financial or otherwise, of Borrower since August 3, 2013; |
| (c) | authorizes and directs Lender to advance the principal amount of this Equipment Note to reimburse Borrower or pay Vendors all or a portion of the purchase price of Equipment in accordance with Vendors’ invoices therefor, receipt and approval of which are hereby reaffirmed by Borrower; and |
| (d) | agrees that Borrower is absolutely and unconditionally obligated to pay Lender all Payments at the times and in the manner set forth herein. |
| BANC OF AMERICA LEASING & CAPITAL, LLC | Borrower: DESTINATION XL GROUP, INC. | |||||||
| By: | /s/ Gina M. Cabral |
By: | /s/ Peter H. Stratton, Jr. | |||||
| Printed Name: | Gina M. Cabral |
Printed Name: | Peter H. Stratton, Jr. | |||||
| Title: | Vice President |
Title: | Chief Financial Officer | |||||
| Equipment Security Note 4.1.06 | Page 2 of 2 |
EXHIBIT A TO EQUIPMENT SECURITY NOTE NO. 17608-70013
| Company | Division | Type | Asset Type | Invoice | Description | Insrv Date | ||||||||
| Equipment Location: 555 Turnpike Street, Canton, MA 02021 |
||||||||||||||
| 10 |
141 | Corporate (DC) | EQUIP-C | 10198757 | Equipment-Scissorlift |
3/18/2014 | ||||||||
| 10 |
141 | Corporate (DC) | EQUIP-C | E-8712 | Equipment-Sorter |
3/5/2014 | ||||||||
| 10 |
141 | Corporate (DC) | EQUIP-C | E-8713 | Equipment-Sorter |
3/5/2014 | ||||||||
| 10 |
141 | Corporate (DC) | EQUIP-C | E-8718 | Equipment-Sorter |
3/10/2014 | ||||||||
| 10 |
141 | Corporate (DC) | EQUIP-C | E-8738 | Equipment-Sorter |
3/31/2014 | ||||||||
| 10 |
141 | Corporate (DC) | EQUIP-C | E-8739 | Equipment-Sorter |
3/31/2014 | ||||||||
| 10 |
141 | Corporate (DC) | EQUIP-C | E-8740 | Equipment-Sorter |
3/31/2014 | ||||||||
| 10 |
141 | Corporate (DC) | EQUIP-C | E-8750 | Equipment-Sorter |
4/9/2014 | ||||||||
| 10 |
141 | Corporate (DC) | EQUIP-C | E-8758 | Equipment-Sorter |
4/21/2014 | ||||||||
| 10 |
141 | Corporate (DC) | EQUIP-C | 139120497 | Equipment-Hand Pallet Trucks |
4/14/2014 | ||||||||
| 10 |
141 | Corporate (DC) | EQUIP-C | 900574679 | Equipment-Sorters |
3/11/2014 | ||||||||
| 10 |
141 | Corporate (DC) | EQUIP-C | 900576128 | Equipment-Sorters |
3/17/2014 | ||||||||
| 10 |
141 | Corporate (DC) | EQUIP-C | 900576523 | Equipment-Sorters |
3/19/2014 | ||||||||
| 10 |
141 | Corporate (DC) | EQUIP-C | 106711714 | DC Safety Equipment |
4/9/2014 | ||||||||
| 10 |
141 | Corporate (DC) | EQUIP-C | 04092014 | DC Safety Equipment |
4/9/2014 | ||||||||
| Equipment Location: 555 Turnpike Street, Canton, MA 02021 |
| |||||||||||||
| 10 |
181 | Corporate (MIS) | FF-S | 1649998 | Fixtures-Furniture |
2/27/2014 | ||||||||
| 10 |
181 | Corporate (MIS) | HW-C | XJCF6TJ33 | Computers |
3/5/2014 | ||||||||
| 10 |
181 | Corporate (MIS) | HW-C | XJCF7NX23 | Computers |
3/5/2014 | ||||||||
| 10 |
181 | Corporate (MIS) | HW-C | S8559893 | Network Backup Tapes |
3/21/2014 | ||||||||
| 10 |
181 | Corporate (MIS) | HW-C | 73593410 | Network Backup Tapes |
3/3/2014 | ||||||||
| 10 |
181 | Corporate (MIS) | HW-C | 9720620203 | iPhones |
3/18/2014 | ||||||||
| 10 |
181 | Corporate (MIS) | HW-C | 108694 | VM Server Host Expansion |
4/25/2014 | ||||||||
| 10 |
181 | Corporate (MIS) | HW-C | XJD7P55N3 | Computers |
4/10/2014 | ||||||||
| 10 |
181 | Corporate (MIS) | HW-C | 5301880327 | Network Backup Tapes |
3/27/2014 | ||||||||
| 10 |
181 | Corporate (MIS) | HW-C | 134108913 | Network Backup Tapes |
3/28/2014 | ||||||||
| 10 |
181 | Corporate (MIS) | HW-C | 134349703 | Network Backup Tapes |
4/4/2014 | ||||||||
| 10 |
181 | Corporate (MIS) | HW-C | 646787 | Printer |
4/16/2014 | ||||||||
| 10 |
181 | Corporate (MIS) | HW-C | 8100234975 | iPhones |
4/19/2014 | ||||||||
| 10 |
181 | Corporate (MIS) | HW-C | 9722340458 | iPhones |
4/18/2014 | ||||||||
| Equipment Location: 861 Williston Rd S. Burlington, VT 05403 |
| |||||||||||||
| 10 |
99442 | DXL | FF-S | 013643 | Fixtures-Chairs |
11/26/2013 | ||||||||
| 10 |
99442 | DXL | FF-S | 47957 | Fixtures-Display |
11/22/2013 | ||||||||
| 10 |
99442 | DXL | FF-S | 48178 | Fixtures-Display |
12/12/2013 | ||||||||
| 10 |
99442 | DXL | FF-S | 48264 | Fixtures-Display |
12/30/2013 | ||||||||
| 10 |
99442 | DXL | FF-S | 48304 | Fixtures-Display |
1/28/2014 | ||||||||
| 10 |
99442 | DXL | FF-S | 48305 | Fixtures-Display |
1/28/2014 | ||||||||
| 10 |
99442 | DXL | FF-S | 0494080-IN | Tailor Shop Equip |
2/12/2014 | ||||||||
| 10 |
99442 | DXL | FF-S | 0494081-IN | Tailor Shop Equip |
2/12/2014 | ||||||||
| 10 |
99442 | DXL | FF-S | 19665 | Fixtures-Display |
12/17/2013 | ||||||||
| 10 |
99442 | DXL | FF-S | DI 664136 | Fixtures-Shoe Fixtures |
1/28/2014 | ||||||||
| 10 |
99442 | DXL | FF-S | 123217 | Fixtures-Mannequins |
2/12/2014 | ||||||||
| 10 |
99442 | DXL | FF-S | 20663 | Fixtures-Shelving |
3/27/2014 | ||||||||
| 10 |
99442 | DXL | FF-S | 119575 | Fixtures-Display |
11/25/2013 | ||||||||
| 10 |
99442 | DXL | FF-S | 119668 | Fixtures-Display |
12/30/2013 | ||||||||
| 10 |
99442 | DXL | FF-S | 119758 | Fixtures-Display |
12/30/2013 | ||||||||
| 10 |
99442 | DXL | FF-S | 120087 | Fixtures-Display |
1/27/2014 | ||||||||
| 10 |
99442 | DXL | FF-S | 120213 | Fixtures-Display |
1/28/2014 | ||||||||
| 10 |
99442 | DXL | FF-S | 038005 | Fixtures-Display |
12/30/2013 | ||||||||
| 10 |
99442 | DXL | FF-S | 038925 | Fixtures-Display |
2/12/2014 | ||||||||
| 10 |
99442 | DXL | FF-S | 038931 | Fixtures-Display |
2/12/2014 | ||||||||
| 10 |
99442 | DXL | FF-S | 038924 | Fixtures-Display |
2/21/2014 | ||||||||
| 10 |
99442 | DXL | FF-S | 038926 | Fixtures-Display |
2/21/2014 | ||||||||
| 10 |
99442 | DXL | FF-S | LNL5912 | Fixtures-Headsets |
1/31/2014 | ||||||||
| 10 |
99442 | DXL | FF-S | 143980 | Fixtures-Shelving |
12/17/2013 | ||||||||
| 10 |
99442 | DXL | FF-S | 11-95900 | Fixtures-Display Cabinet |
12/17/2013 | ||||||||
| 10 |
99442 | DXL | FF-S | 36608 | Fixtures-Display |
2/12/2014 | ||||||||
| 10 |
99442 | DXL | FF-S | 37098 | Fixtures-Display |
3/13/2014 | ||||||||
| 10 |
99442 | DXL | FF-S | 37148 | Fixtures-Display |
3/27/2014 | ||||||||
| 10 |
99442 | DXL | FF-S | 31151 | Fixtures-Furniture |
2/12/2014 | ||||||||
| 10 |
99442 | DXL | FF-S | 1055043 | Fixtures-Shoe Fixtures |
12/17/2013 | ||||||||
| 10 |
99442 | DXL | FF-S | 8515342 | Fixtures-Shoe Fixtures |
12/17/2013 | ||||||||
| 10 |
99442 | DXL | FF-S | 040101179 | Fixtures-Display Frt |
11/14/2013 | ||||||||
| 10 |
99442 | DXL | FF-S | A27694-0 | Fixtures-Track |
11/6/2013 | ||||||||
| 10 |
99442 | DXL | FF-S | 304557 | Fixtures-Hangers |
2/3/2014 | ||||||||
| 10 |
99442 | DXL | FF-S | 0494780-IN | Tailor Shop Equip |
2/7/2014 | ||||||||
| 10 |
99442 | DXL | FF-S | 101201 RI | Fixtures-Ladders |
11/25/2013 | ||||||||
| 10 |
99442 | DXL | EQUIP-S | 1113020 | Cabling/Phones |
2/21/2014 | ||||||||
| 10 |
99442 | DXL | SIGNS | 26826 | Signage |
1/30/2014 | ||||||||
| 10 |
99442 | DXL | FF-S | 106601694 | Fixtures-Lockers |
3/7/2014 | ||||||||
| 10 |
99442 | DXL | FF-S | 106381391 | Fixtures-Stools |
12/27/2013 | ||||||||
| 10 |
99442 | DXL | FF-S | 106387405 | Fixtures-Appliances |
12/31/2013 | ||||||||
| 10 |
99442 | DXL | FF-S | 759996 | Fixtures-Shoe Stands |
11/22/2013 | ||||||||
| 10 |
99442 | DXL | HW-S | 5194302-B | DSL |
2/4/2014 | ||||||||
| 10 |
99442 | DXL | HW-S | 5278480-F | DSL |
3/6/2014 | ||||||||
| 10 |
99442 | DXL | FF-S | 059088 | Fixtures-Display |
1/9/2014 | ||||||||
| 10 |
99442 | DXL | EQUIP-S | 474179 | Music System |
1/27/2014 | ||||||||
| 10 |
99442 | DXL | FF-S | 5370402 | Fixtures |
11/15/2013 | ||||||||
| 10 |
99442 | DXL | FF-S | 5371167 | Fixtures |
11/20/2013 | ||||||||
| 10 |
99442 | DXL | FF-S | SHW927930 | Fixtures |
11/11/2013 | ||||||||
| 10 |
99442 | DXL | LHI-S | 51425030 | Security System |
1/31/2014 | ||||||||
| 10 |
99442 | DXL | LHI-S | 51425031 | Security System |
1/31/2014 | ||||||||
| 10 |
99442 | DXL | FF-S | 644562 | Fixtures-Appliances |
1/6/2014 | ||||||||
| 10 |
99442 | DXL | FF-S | I15769733 | Fixtures-Furniture Frt |
1/9/2014 | ||||||||
| 10 |
99442 | DXL | FF-S | I15813207 | Fixtures-Furniture |
1/13/2014 | ||||||||
| 10 |
99442 | DXL | FF-S | 12012013 | Fixtures-Lighting |
12/1/2013 | ||||||||
As more fully described in the electronic disk provided to Lender by Borrower.
| Destination XL Group, Inc. | ||
| By: | /s/ Peter H. Stratton, Jr. | |
| Title: | Chief Financial Officer | |
| Page 1 of 1 |
EXHIBIT B EQUIPMENT SECURITY NOTE NO. 17608-70013
| STORE | LOCATION | CENTER NAME | ADDRESS1 | CITY | ST | ZIP CODE | ||||||
| 10 | 141 | Corporate (DC) | 555 TURNPIKE STREET | CANTON | MA | 02021 | ||||||
| 10 | 181 | Corporate (MIS) | 555 TURNPIKE STREET | CANTON | MA | 02021 | ||||||
| 10 | 99442 | DXL | STAPLES PLAZA 861 WILLISTON RD | S BURLINGTON | VT | 05403 |
| Destination XL Group, Inc. | ||
| By: | /s/ Peter H. Stratton, Jr. | |
| Title: | Chief Financial Officer | |
| Page 1 of 1 |
Exhibit 10.2
|
||
| Banc of America Leasing & Capital, LLC | Equipment Security Note Number 17608-70014 |
This Equipment Security Note No. 17608-70014, dated as of June 16, 2014 (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:
| Quantity |
Description |
Serial Number | Cost | |||
See Exhibit A attached hereto
Location of Equipment. The Equipment will be located or (in the case of over-the-road vehicles) based at the following locations:
| Location |
Address |
City |
County |
State |
ZIP | |||||
See Exhibit B attached hereto
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 $1,294,383.68, 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 July 23, 2014 (the “Initial Payment”) and continuing thereafter through and including June 23, 2018 (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 3.2470 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.
| Equipment Security Note 4.1.06 | Page 1 of 1 |
(b) Payment Amount.
The principal and interest amount of each Payment shall be $28,791.86.
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:
| (a) | reaffirms of all of Borrower’s representations, warranties and covenants as set forth in the Master Agreement and represents and warrants that no Default or Event of Default under the Master Agreement exists as of the date hereof; |
| (b) | represents, warrants and agrees that: (i) the Equipment has been delivered and is in an operating condition and performing the operation for which it is intended to the satisfaction of Borrower; (ii) each item of Equipment has been unconditionally accepted by Borrower for all purposes under the Master Agreement and this Equipment Note; and (iii) there has been no material adverse change in the operations, business, properties or condition, financial or otherwise, of Borrower since August 3, 2013; |
| (c) | authorizes and directs Lender to advance the principal amount of this Equipment Note to reimburse Borrower or pay Vendors all or a portion of the purchase price of Equipment in accordance with Vendors’ invoices therefor, receipt and approval of which are hereby reaffirmed by Borrower; and |
| (d) | agrees that Borrower is absolutely and unconditionally obligated to pay Lender all Payments at the times and in the manner set forth herein. |
| BANC OF AMERICA LEASING & CAPITAL, LLC | Borrower: DESTINATION XL GROUP, INC. | |||||||
| By: | /s/ Gina M. Cabral |
By: | /s/ Peter H. Stratton, Jr. | |||||
| Printed Name: | Gina M. Cabral |
Printed Name: | Peter H. Stratton, Jr | |||||
| Title: | Vice President |
Title: | Chief Financial Officer | |||||
| Equipment Security Note 4.1.06 | Page 2 of 2 |
EXHIBIT A TO EQUIPMENT SECURITY NOTE NO. 17608-70014
| Company | Division | Type | Asset Type | Invoice | Description | Insrv Date | ||||||||
| Equipment Location: 5106 Whipple Highway Canton, OH 44718 |
||||||||||||||
| 10 |
99232 | DXL | FF-S | 014142 | Fixtures-Chairs |
3/19/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 48704 | Fixtures-Display |
3/13/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 50415 | Fixtures-Display |
3/27/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 50574 | Fixtures-Display |
4/14/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 0495151-IN | Tailor Shop Equip |
3/13/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 0495155-IN | Tailor Shop Equip |
3/13/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 3167 | Fixtures-Pool Table |
3/4/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 20022 | Fixtures-Display |
3/13/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | DI 668630 | Fixtures-Shoe Fixtures |
3/13/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 123731 | Fixtures-Mannequins |
2/12/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 20666 | Fixtures-Shelving |
1/24/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 20683 | Fixtures-Shelving |
4/14/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 120155 | Fixtures-Display |
1/27/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 120672 | Fixtures-Display |
3/13/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 120698 | Fixtures-Display |
3/13/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 120709 | Fixtures-Display |
3/13/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 120899 | Fixtures-Display |
3/27/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 038936 | Fixtures-Display |
2/21/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 038937 | Fixtures-Display |
2/21/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 038939 | Fixtures-Display |
2/21/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 039330 | Fixtures-Display |
3/13/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 039696 | Fixtures-Display |
4/14/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 039712 | Fixtures-Display |
4/14/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | LNL6188 | Fixtures-Headsets |
3/31/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 144630 | Fixtures-Shelving |
2/21/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 13078 | Fixtures-Lighting |
2/12/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 0310-99042 | Fixtures-Display Cabinet |
3/18/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 37029 | Fixtures-Display |
3/13/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 31263 | Fixtures-Furniture |
2/21/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 1056744 | Fixtures-Shoe Fixtures |
3/13/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 8533576 | Fixtures-Shoe Fixtures |
3/13/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 241787362 | Fixtures-Furniture Frt |
3/10/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | A27722-0 | Fixtures-Track |
12/4/2013 | ||||||||
| 10 |
99232 | DXL | FF-S | 30538 | Fixtures-Hangers |
2/20/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 0495857-IN | Tailor Shop Equip |
3/6/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 101564 RI | Fixtures-Ladders |
2/21/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 106605683 | Fixtures-Stools |
3/10/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 106614643 | Fixtures-Appliances |
3/12/2014 | ||||||||
| 10 |
99232 | DXL | EQUIP-S | 300253983 | Cabling/Phones |
2/1/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 760494 | Fixtures-Shoe Stands |
2/13/2014 | ||||||||
| 10 |
99232 | DXL | HW-S | 5278480-B | DSL |
3/6/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 059568 | Fixtures-Display |
2/13/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 5374386 | Fixtures |
12/30/2013 | ||||||||
| 10 |
99232 | DXL | FF-S | 100017112 | Fixtures |
3/5/2014 | ||||||||
| 10 |
99232 | DXL | LHI-S | 51656201 | Security System |
3/10/2014 | ||||||||
| 10 |
99232 | DXL | LHI-S | 51656202 | Security System |
3/10/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 765165 | Fixtures-Appliances |
2/27/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | I15580822 | Fixtures-Furniture |
12/30/2013 | ||||||||
| 10 |
99232 | DXL | FF-S | 12012013 | Fixtures-Lighting |
12/1/2013 | ||||||||
| 10 |
99232 | DXL | HW-S | 930619-G | Printer |
1/17/2014 | ||||||||
| 10 |
99232 | DXL | HW-S | 930872-G | Printer |
1/20/2014 | ||||||||
| 10 |
99232 | DXL | HW-S | 931128-G | Printer |
1/20/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 20683 | Fixtures-Shelving |
3/21/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 039696 | Fixtures-Display |
3/31/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 039712 | Fixtures-Display |
3/31/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 50574 | Fixtures-Display |
3/20/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 48705 | Fixtures-Display |
12/3/2013 | ||||||||
| 10 |
99232 | DXL | FF-S | 161403655 | Fixtures-Display Frt |
3/24/2014 | ||||||||
| 10 |
99232 | DXL | FF-S | 114087697 | Fixtures-Shelving Frt |
3/11/2014 | ||||||||
| 10 |
99232 | DXL | SIGNS | 27045 | Signs |
3/28/2014 | ||||||||
| 10 |
99232 | DXL | HW-S | 5351090-G | DSL |
4/2/2014 | ||||||||
| Equipment Location: 17395 Tomball Parkway Houston, TX 77070 | ||||||||||||||
| 10 |
99365 | DXL | FF-S | 48302 | Fixtures-Display |
1/24/2014 | ||||||||
| 10 |
99365 | DXL | FF-S | 48317 | Fixtures-Display |
1/28/2014 | ||||||||
| 10 |
99365 | DXL | FF-S | 49502 | Fixtures-Display |
2/12/2014 | ||||||||
| 10 |
99365 | DXL | FF-S | 0493816-IN | Tailor Shop Equip |
1/28/2014 | ||||||||
| 10 |
99365 | DXL | FF-S | 0493817-IN | Tailor Shop Equip |
1/28/2014 | ||||||||
| 10 |
99365 | DXL | FF-S | 3154 | Fixtures-Pool Table |
1/31/2014 | ||||||||
| 10 |
99365 | DXL | FF-S | 19788 | Fixtures-Display |
12/30/2013 | ||||||||
| 10 |
99365 | DXL | FF-S | Dl 664027 | Fixtures-Shoe Fixtures |
1/28/2014 | ||||||||
| 10 |
99365 | DXL | SIGNS | 05.22993-0 | Signs |
1/30/2014 | ||||||||
| 10 |
99365 | DXL | FF-S | 123215 | Fixtures-Mannequins |
2/12/2014 | ||||||||
| 10 |
99365 | DXL | FF-S | 20661 | Fixtures-Shelving |
12/17/2013 | ||||||||
| 10 |
99365 | DXL | FF-S | 119996 | Fixtures-Display |
12/30/2013 | ||||||||
| 10 |
99365 | DXL | FF-S | 120193 | Fixtures-Display |
1/28/2014 | ||||||||
| 10 |
99365 | DXL | FF-S | 120313 | Fixtures-Display |
2/12/2014 | ||||||||
| 10 |
99365 | DXL | FF-S | 038576 | Fixtures-Display |
1/24/2014 | ||||||||
| 10 |
99365 | DXL | FF-S | 038587 | Fixtures-Display |
1/28/2014 | ||||||||
| 10 |
99365 | DXL | FF-S | 038935 | Fixtures-Display |
2/21/2014 | ||||||||
| 10 |
99365 | DXL | FF-S | LNL5903 | Fixtures-Headsets |
1/31/2014 | ||||||||
| 10 |
99365 | DXL | FF-S | 143700 | Fixtures-Shelving |
12/17/2013 | ||||||||
| 10 |
99365 | DXL | FF-S | 1227-96369 | Fixtures-Display Cabinet |
1/17/2014 | ||||||||
| 10 |
99365 | DXL | FF-S | 020314 | Fixtures-Display Cabinet |
2/4/2014 | ||||||||
| 10 |
99365 | DXL | FF-S | 227-96369A | Fixtures-Display Cabinet |
3/13/2014 | ||||||||
| 10 |
99365 | DXL | FF-S | 36619 | Fixtures-Display |
2/12/2014 | ||||||||
| 10 |
99365 | DXL | FF-S | 37192 | Fixtures-Display |
3/27/2014 | ||||||||
| 10 |
99365 | DXL | FF-S | 31188 | Fixtures-Furniture |
3/13/2014 | ||||||||
| 10 |
99365 | DXL | FF-S | 31188 | Fixtures-Furniture |
3/13/2014 | ||||||||
| 10 |
99365 | DXL | FF-S | 1055966 | Fixtures-Shoe Fixtures |
1/28/2014 | ||||||||
| 10 |
99365 | DXL | FF-S | 8524928 | Fixtures-Shoe Fixtures |
2/12/2014 | ||||||||
| 10 |
99365 | DXL | FF-S | 040122201 | Fixtures-Display Frt |
12/17/2013 | ||||||||
| 10 |
99365 | DXL | FF-S | 161314770 | Fixtures-Display Frt |
12/17/2013 | ||||||||
| 10 |
99365 | DXL | FF-S | 30722-0 | Fixtures-Track |
10/30/2013 | ||||||||
| 10 |
99365 | DXL | FF-S | 3034555 | Fixtures-Hangers |
10/16/2013 | ||||||||
| 10 |
99365 | DXL | FF-S | 0494521-IN | Tailor Shop Equip |
2/3/2014 | ||||||||
| 10 |
99365 | DXL | FF-S | 101406RI | Fixtures-Ladders |
1/13/2014 | ||||||||
| 10 |
99365 | DXL | EQUIP-S | 1114833 | Cabling/Phones |
3/7/2014 | ||||||||
Page 1 of 3
EXHIBIT A TO EQUIPMENT SECURITY NOTE NO. 17608-70014
| Company | Division | Type | Asset Type | Invoice | Description | Insrv Date | ||||||||
| 10 |
99365 | DXL | FF-S | 106371903 | Fixtures-Stools |
12/23/2013 | ||||||||
| 10 |
99365 | DXL | FF-S | 106378788 | Fixtures-Appliances |
12/27/2013 | ||||||||
| 10 |
99365 | DXL | FF-S | 106601492 | Fixtures-Lockers |
3/7/2014 | ||||||||
| 10 |
99365 | DXL | EQUIP-S | 297088658 | Cabling/Phones |
12/1/2013 | ||||||||
| 10 |
99365 | DXL | FF-S | 760245 | Fixtures-Shoe Stands |
1/9/2014 | ||||||||
| 10 |
99365 | DXL | HW-S | 5194302-F | DSL |
2/4/2014 | ||||||||
| 10 |
99365 | DXL | FF-S | 059086 | Fixtures-Display |
1/9/2014 | ||||||||
| 10 |
99365 | DXL | FF-S | 5373309 | Fixtures |
12/16/2013 | ||||||||
| 10 |
99365 | DXL | FF-S | SHW946899 | Fixtures |
12/10/2013 | ||||||||
| 10 |
99365 | DXL | LHI-S | 51425029 | Security System |
1/31/2014 | ||||||||
| 10 |
99365 | DXL | LHI-S | 51476635 | Security System |
2/17/2014 | ||||||||
| 10 |
99365 | DXL | FF-S | 344673 | Fixtures-Appliances |
1/8/2014 | ||||||||
| 10 |
99365 | DXL | HW-S | 930619-A | Printer |
1/17/2014 | ||||||||
| 10 |
99365 | DXL | HW-S | 930872-A | Printer |
1/20/2014 | ||||||||
| 10 |
99365 | DXL | HW-S | 931128-A | Printer |
1/20/2014 | ||||||||
| 10 |
99365 | DXL | FF-S | I15611770 | Fixtures-Furniture |
1/2/2014 | ||||||||
| Equipment Location: 72-840 Highway 111 Palm Desert, CA 92260 | ||||||||||||||
| 10 |
99744 | DXL | FF-S | 013460 | Fixtures-Chairs |
10/9/2013 | ||||||||
| 10 |
99744 | DXL | FF-S | 48298 | Fixtures-Display |
1/28/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 48303 | Fixtures-Display |
1/28/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 49665 | Fixtures-Display |
2/21/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 49550 | Fixtures-Display |
3/27/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 0493243-IN | Tailor Shop Equip |
1/28/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 0493244-IN | Tailor Shop Equip |
1/28/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 3155 | Fixtures-Pool Table |
1/31/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 19743 | Fixtures-Display |
12/19/2013 | ||||||||
| 10 |
99744 | DXL | FF-S | 19959 | Fixtures-Display |
2/21/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | DI 663735 | Fixtures-Shoe Fixtures |
1/28/2014 | ||||||||
| 10 |
99744 | DXL | SIGNS | 005.22938 | Signs |
1/31/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 123214 | Fixtures-Mannequins |
2/12/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 123799 | Fixtures-Mannequins |
2/12/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 20660 | Fixtures-Shelving |
12/19/2013 | ||||||||
| 10 |
99744 | DXL | FF-S | 120151 | Fixtures-Display |
1/28/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 120152 | Fixtures-Display |
1/28/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 120311 | Fixtures-Display |
2/12/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 120341 | Fixtures-Display |
2/12/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 120354 | Fixtures-Display |
2/12/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 120403 | Fixtures-Display |
2/12/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 120431 | Fixtures-Display |
2/12/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 120432 | Fixtures-Display |
2/12/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 120447 | Fixtures-Display |
2/12/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 038932 | Fixtures-Display |
2/21/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 038934 | Fixtures-Display |
2/21/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 038933 | Fixtures-Display |
3/13/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 038933 | Fixtures-Display |
3/13/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | LNL5905 | Fixtures-Headsets |
1/31/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 143020 | Fixtures-Shelving |
12/19/2013 | ||||||||
| 10 |
99744 | DXL | FF-S | 13077 | Fixtures-Lighting |
2/12/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 1202-95464 | Fixtures-Display Cabinet |
1/17/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 020314 | Fixtures-Display Cabinet |
2/4/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 202-95464A | Fixtures-Display Cabinet |
3/13/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 37006 | Fixtures-Display |
3/14/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 37141 | Fixtures-Display |
3/27/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 37149 | Fixtures-Display |
3/27/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 31137 | Fixtures-Furniture |
3/13/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 31137 | Fixtures-Furniture |
3/13/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 1056013 | Fixtures-Shoe Fixtures |
1/28/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 161403272 | Fixtures-Display Frt |
3/12/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 30663-0 | Fixtures-Track |
10/3/2013 | ||||||||
| 10 |
99744 | DXL | FF-S | 02262014 | Fixtures-Hangers |
2/26/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 0493926-IN | Tailor Shop Equip |
1/20/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 101391RI | Fixtures-Ladders |
1/10/2014 | ||||||||
| 10 |
99744 | DXL | EQUIP-S | 1114834 | Cabling/Phones |
3/7/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 106295735 | Fixtures-Stools |
11/26/2013 | ||||||||
| 10 |
99744 | DXL | FF-S | 106301723 | Fixtures-Lockers |
11/29/2013 | ||||||||
| 10 |
99744 | DXL | FF-S | 106300492 | Fixtures-Lockers |
11/27/2013 | ||||||||
| 10 |
99744 | DXL | FF-S | 106305805 | Fixtures-Lockers |
12/3/2013 | ||||||||
| 10 |
99744 | DXL | EQUIP-S | 297088658 | Cabling/Phones |
12/1/2013 | ||||||||
| 10 |
99744 | DXL | FF-S | 760212 | Fixtures-Shoe Stands |
1/7/2014 | ||||||||
| 10 |
99744 | DXL | HW-S | 5278480-C | DSL |
3/6/2014 | ||||||||
| 10 |
99744 | DXL | HW-S | 5278480-G | DSL |
3/6/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 059066 | Fixtures-Display |
1/8/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 5377024 | Fixtures |
1/30/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | SHW953862 | Fixtures |
1/2/2014 | ||||||||
| 10 |
99744 | DXL | LHI-S | 51476653 | Security System |
2/17/2014 | ||||||||
| 10 |
99744 | DXL | LHI-S | 51476654 | Security System |
2/17/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | 104256 | Fixtures-Appliances |
1/21/2014 | ||||||||
| 10 |
99744 | DXL | FF-S | I15170615 | Fixtures-Furniture Frt |
12/5/2013 | ||||||||
| 10 |
99744 | DXL | FF-S | I15248581 | Fixtures-Furniture |
12/10/2013 | ||||||||
| 10 |
99744 | DXL | FF-S | 12012013 | Fixtures-Lighting |
12/1/2013 | ||||||||
| Equipment Location: 12125 N Parker Ave Portland, OR 97217 | ||||||||||||||
| 10 |
99752 | DXL | FF-S | 013624 | Fixtures-Chairs |
12/26/2013 | ||||||||
| 10 |
99752 | DXL | FF-S | 48273 | Fixtures-Display |
12/30/2013 | ||||||||
| 10 |
99752 | DXL | FF-S | 48306 | Fixtures-Display |
1/28/2014 | ||||||||
| 10 |
99752 | DXL | FF-S | 0493668-IN | Tailor Shop Equip |
1/28/2014 | ||||||||
| 10 |
99752 | DXL | FF-S | 0493669-IN | Tailor Shop Equip |
1/28/2014 | ||||||||
| 10 |
99752 | DXL | FF-S | 3155 | Fixtures-Pool Table |
1/31/2014 | ||||||||
| 10 |
99752 | DXL | FF-S | 19792 | Fixtures-Display |
1/27/2014 | ||||||||
| 10 |
99752 | DXL | FF-S | DI 662739 | Fixtures-Shoe Fixtures |
3/13/2014 | ||||||||
| 10 |
99752 | DXL | SIGNS | 05.23109-0 | Signs |
1/31/2014 | ||||||||
| 10 |
99752 | DXL | FF-S | 122925 | Fixtures-Mannequins |
1/28/2014 | ||||||||
| 10 |
99752 | DXL | FF-S | 20655 | Fixtures-Shelving |
11/25/2013 | ||||||||
| 10 |
99752 | DXL | FF-S | 119666 | Fixtures-Display |
12/30/2013 | ||||||||
| 10 |
99752 | DXL | FF-S | 120089 | Fixtures-Display |
1/27/2014 | ||||||||
| 10 |
99752 | DXL | FF-S | 120127 | Fixtures-Display |
1/27/2014 | ||||||||
| 10 |
99752 | DXL | FF-S | 120160 | Fixtures-Display |
1/28/2014 | ||||||||
| 10 |
99752 | DXL | FF-S | 038574 | Fixtures-Display |
1/27/2014 | ||||||||
| 10 |
99752 | DXL | FF-S | 038583R | Fixtures-Display |
1/28/2014 | ||||||||
Page 2 of 3
EXHIBIT A TO EQUIPMENT SECURITY NOTE NO. 17608-70014
| Company | Division | Type | Asset Type | Invoice | Description | Insrv Date | ||||||||
| 10 |
99752 | DXL | FF-S | 038923 | Fixtures-Display |
2/21/2014 | ||||||||
| 10 |
99752 | DXL | FF-S | LNL5861 | Fixtures-Headsets |
1/20/2014 | ||||||||
| 10 |
99752 | DXL | FF-S | 143030 | Fixtures-Shelving |
12/13/2013 | ||||||||
| 10 |
99752 | DXL | FF-S | 143031 | Fixtures-Shelving |
12/19/2013 | ||||||||
| 10 |
99752 | DXL | FF-S | 13-96037 | Fixtures-Display Cabinet |
12/17/2013 | ||||||||
| 10 |
99752 | DXL | FF-S | 36613 | Fixtures-Display |
2/12/2014 | ||||||||
| 10 |
99752 | DXL | FF-S | 37118 | Fixtures-Display |
3/14/2014 | ||||||||
| 10 |
99752 | DXL | FF-S | 37153 | Fixtures-Display |
3/27/2014 | ||||||||
| 10 |
99752 | DXL | FF-S | 31111 | Fixtures-Furniture |
1/28/2014 | ||||||||
| 10 |
99752 | DXL | FF-S | 1055842 | Fixtures-Shoe Fixtures |
1/27/2014 | ||||||||
| 10 |
99752 | DXL | FF-S | 216573816 | Fixtures-Display Frt |
12/19/2013 | ||||||||
| 10 |
99752 | DXL | FF-S | 216546935 | Fixtures-Display Frt |
12/20/2013 | ||||||||
| 10 |
99752 | DXL | FF-S | 30736-0 | Fixtures-Track |
11/1/2013 | ||||||||
| 10 |
99752 | DXL | FF-S | 30736-1 | Fixtures-Track |
11/8/2013 | ||||||||
| 10 |
99752 | DXL | FF-S | 02262014 | Fixtures-Hangers |
2/26/2014 | ||||||||
| 10 |
99752 | DXL | FF-S | 0495860-IN | Tailor Shop Equip |
3/6/2014 | ||||||||
| 10 |
99752 | DXL | FF-S | 101361RI | Fixtures-Ladders |
12/31/2013 | ||||||||
| 10 |
99752 | DXL | EQUIP-S | 1112419 | Cabling/Phones |
2/18/2014 | ||||||||
| 10 |
99752 | DXL | FF-S | 106363738 | Fixtures-Stools |
12/19/2013 | ||||||||
| 10 |
99752 | DXL | FF-S | 106367260 | Fixtures-Lockers |
12/20/2013 | ||||||||
| 10 |
99752 | DXL | FF-S | 106371098 | Fixtures-Appliances |
12/23/2013 | ||||||||
| 10 |
99752 | DXL | FF-S | 106433550 | Fixtures-Lockers |
1/16/2014 | ||||||||
| 10 |
99752 | DXL | FF-S | 760171 | Fixtures-Shoe Stands |
12/26/2013 | ||||||||
| 10 |
99752 | DXL | HW-S | 5194302-H | DSL |
2/4/2014 | ||||||||
| 10 |
99752 | DXL | HW-S | 5278480-D | DSL |
3/6/2014 | ||||||||
| 10 |
99752 | DXL | FF-S | 059001 | Fixtures-Display |
12/23/2013 | ||||||||
| 10 |
99752 | DXL | FF-S | 5370991 | Fixtures |
11/22/2013 | ||||||||
| 10 |
99752 | DXL | FF-S | SHW933857 | Fixtures |
11/21/2013 | ||||||||
| 10 |
99752 | DXL | LHI-S | 51385990 | Security System |
1/27/2014 | ||||||||
| 10 |
99752 | DXL | LHI-S | 51385991 | Security System |
1/27/2014 | ||||||||
| 10 |
99752 | DXL | FF-S | 199862 | Fixtures-Appliances |
12/23/2013 | ||||||||
| 10 |
99752 | DXL | FF-S | I15028158 | Fixtures-Furniture Frt |
11/26/2013 | ||||||||
| 10 |
99752 | DXL | FF-S | I15132529 | Fixtures-Furniture |
12/4/2013 | ||||||||
| 10 |
99752 | DXL | FF-S | 12012013 | Fixtures-Lighting |
12/1/2013 | ||||||||
| Equipment Location: 1960 Bypass Road West Humble, TX 77338 | ||||||||||||||
| 10 |
99867 | DXL | FF-S | 48315 | Fixtures-Display |
1/28/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 49551 | Fixtures-Display |
2/12/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 0493759-IN | Tailor Shop Equip |
1/28/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 0493760-IN | Tailor Shop Equip |
1/28/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 3154 | Fixtures-Pool Table |
1/31/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 19790 | Fixtures-Display |
1/24/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | DI 663739 | Fixtures-Shoe Fixtures |
1/28/2014 | ||||||||
| 10 |
99867 | DXL | SIGNS | 05.23093-0 | Signs |
2/12/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 122923 | Fixtures-Mannequins |
1/28/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 120153 | Fixtures-Display |
1/28/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 120270 | Fixtures-Display |
1/28/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 120312 | Fixtures-Display |
2/12/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 120326 | Fixtures-Display |
2/12/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 120363 | Fixtures-Display |
2/12/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 120375 | Fixtures-Display |
2/12/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 038575 | Fixtures-Display |
1/24/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 038586 | Fixtures-Display |
1/28/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 038929 | Fixtures-Display |
2/21/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 039336 | Fixtures-Display |
3/13/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | LNL5904 | Fixtures-Headsets |
1/31/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 13059 | Fixtures-Lighting |
1/28/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 1227-96371 | Fixtures-Display Cabinet |
1/17/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 020314 | Fixtures-Display Cabinet |
2/4/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 227-96371A | Fixtures-Display Cabinet |
3/25/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 36606 | Fixtures-Display |
2/12/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 37150 | Fixtures-Display |
3/27/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 37163 | Fixtures-Display |
3/27/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 31152 | Fixtures-Furniture |
2/12/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 1055965 | Fixtures-Shoe Fixtures |
1/28/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 040098558 | Fixtures-Display Frt |
12/10/2013 | ||||||||
| 10 |
99867 | DXL | FF-S | 118874164 | Tailor Shop Equip Frt |
1/15/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 0494520-IN | Tailor Shop Equip |
2/3/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 101392RI | Fixtures-Ladders |
1/10/2014 | ||||||||
| 10 |
99867 | DXL | EQUIP-S | 1114832 | Cabling/Phones |
3/7/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 106593741 | Fixtures-Lockers |
3/5/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 760244 | Fixtures-Shoe Stands |
1/9/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 14096003 | Fixtures-Furniture |
2/3/2014 | ||||||||
| 10 |
99867 | DXL | HW-S | 5194302-E | DSL |
2/4/2014 | ||||||||
| 10 |
99867 | DXL | HW-S | 5278480-I | DSL |
3/6/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 059087 | Fixtures-Display |
1/9/2014 | ||||||||
| 10 |
99867 | DXL | EQUIP-S | 480889 | Music System |
1/27/2014 | ||||||||
| 10 |
99867 | DXL | LHI-S | 51446240 | Security System |
2/10/2014 | ||||||||
| 10 |
99867 | DXL | LHI-S | 51446241 | Security System |
2/10/2014 | ||||||||
| 10 |
99867 | DXL | FF-S | 345460 | Fixtures-Appliances |
1/8/2014 | ||||||||
As more fully described in the electronic disk provided to Lender by Borrower.
| Destination XL Group, Inc. | ||
| By: | /s/ Peter H. Stratton, Jr. | |
| Title: | Chief Financial Officer | |
Page 3 of 3
EXHIBIT B EQUIPMENT SECURITY NOTE NO. 17608-70014
| STORE | LOCATION | CENTER NAME | ADDRESS1 | CITY | ST | ZIP CODE | ||||||||
| 10 |
99232 | DXL | BELDEN WHIPPLE CTR 5106 WHIPPLE HIGHWAY | CANTON | OH | 44718 | ||||||||
| 10 |
99365 | DXL | WILLOWBROOK PLAZA 17395 TOMBALL PARKWAY SPACE 3B | HOUSTON (WILLOWBROOK) | TX | 77070 | ||||||||
| 10 |
99744 | DXL | WESTFIELD MALL 72-840 HIGHWAY 111 #2470 | PALM DESERT | CA | 92260 | ||||||||
| 10 |
99752 | DXL | JANTZEN BEACH CENTER 12125 N PARKER AVE | JANTZEN BEACH (PORTLAND) | OR | 97217 | ||||||||
| 10 |
99867 | DXL | HUMBLEWOOD SHOPPING CENTER 10010 FM 1960 BYPASS ROAD WEST | HUMBLE | TX | 77338 | ||||||||
| Destination XL Group, Inc. | ||
| By: | /s/ Peter H. Stratton, Jr. | |
| Title: | Chief Financial Officer | |
Page 1 of 1