<SEC-DOCUMENT>0001571049-14-002634.txt : 20140627
<SEC-HEADER>0001571049-14-002634.hdr.sgml : 20140627
<ACCEPTANCE-DATETIME>20140625163000
ACCESSION NUMBER:		0001571049-14-002634
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20140624
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20140625
DATE AS OF CHANGE:		20140625

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			G III APPAREL GROUP LTD /DE/
		CENTRAL INDEX KEY:			0000821002
		STANDARD INDUSTRIAL CLASSIFICATION:	APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300]
		IRS NUMBER:				411590959
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-18183
		FILM NUMBER:		14940252

	BUSINESS ADDRESS:	
		STREET 1:		512 SEVENTH AVE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10018
		BUSINESS PHONE:		2126298830

	MAIL ADDRESS:	
		STREET 1:		512 SEVENTH AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10018

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ANTE CORP
		DATE OF NAME CHANGE:	19891120
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>t1401173_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>UNITED
STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON, D.C. 20549</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 14pt"><B>FORM
8-K<BR>
<BR>
</B></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT<BR>
<BR>
PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">Date of
Report (Date of earliest event reported): June 24, 2014</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 16pt"><B>G-III
APPAREL GROUP, LTD.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">(Exact
name of registrant as specified in its charter)</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; font-size: 10pt; font-weight: bold"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Delaware</B></FONT><BR>
<FONT STYLE="font-size: 10pt; font-weight: normal">(State or other jurisdiction</FONT><BR>
<FONT STYLE="font-size: 10pt; font-weight: normal">of incorporation)</FONT></TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; font-size: 10pt; font-weight: bold"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>0-18183</B></FONT><BR>
<FONT STYLE="font-size: 10pt; font-weight: normal">(Commission File Number)</FONT></TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; font-size: 10pt; font-weight: bold"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>41-1590959</B></FONT><BR>
<FONT STYLE="font-size: 10pt; font-weight: normal">(IRS Employer</FONT><BR>
<FONT STYLE="font-size: 10pt; font-weight: normal">Identification No.)</FONT></TD></TR>
</TABLE>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>512 Seventh Avenue</B></P>
        <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>New
        York, New York</B></FONT><BR>
        <FONT STYLE="font-weight: normal">(Address of principal executive offices)</FONT></P></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; font-size: 10pt; font-weight: bold"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>10018</B></FONT><BR>
<FONT STYLE="font-size: 10pt; font-weight: normal">(Zip Code)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">Registrant&rsquo;s
telephone number, including area code:</FONT> (212) 403-0500<BR>
<BR>
Not Applicable<BR>
<FONT STYLE="font-weight: normal">(Former name or former address, if changed since last report)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-weight: normal">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):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-weight: normal">&uml;</FONT></TD><TD><FONT STYLE="font-weight: normal">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-weight: normal">&uml;</FONT></TD><TD><FONT STYLE="font-weight: normal">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-weight: normal">&uml;</FONT></TD><TD><FONT STYLE="font-weight: normal">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d 2(b))</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-weight: normal">&uml;</FONT></TD><TD><FONT STYLE="font-weight: normal">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Item
1.01&nbsp;&nbsp;Entry into a Material Definitive Agreement</B></FONT><B>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On June 24, 2014, G-III
Apparel Group, Ltd. (the &ldquo;Company&rdquo;) entered into an underwriting agreement (the &ldquo;Underwriting Agreement&rdquo;)
with Barclays Capital Inc., as representative of the several underwriters named in Schedule I thereto (the &ldquo;Underwriters&rdquo;),
for the sale by the Company to the public (the &ldquo;Offering&rdquo;) of 1,500,000 shares of the Company&rsquo;s common stock,
par value $0.01 per share at a price to the public of $77.63 per share. The Offering is expected to close on or about June 30,
2014. The Company has granted the Underwriters a 30-day option to purchase an additional 225,000 shares of common stock from the
Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Offering is being
made pursuant to a prospectus supplement dated June 24, 2014 and an accompanying base prospectus dated November 20, 2012, pursuant
to the Company&rsquo;s existing effective shelf registration statement on Form S-3 (File No. 333-184700), which was filed with
the Securities and Exchange Commission (the &ldquo;Commission&rdquo;) on November 1, 2012 and declared effective by the Commission
on November 20, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Underwriting Agreement
is filed as Exhibit 1.1 to this Current Report on Form 8-K, and the description of the Underwriting Agreement is qualified in its
entirety by reference to such exhibit. The Underwriting Agreement is also filed with reference to, and is hereby incorporated by
reference into, the Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A copy of the opinion
of Fulbright &amp; Jaworski LLP relating to the legality of the issuance and sale of the shares in the Offering is attached
as Exhibit 5.1 to this Current Report and is filed with reference to, and is hereby incorporated by reference into, the Registration
Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company&rsquo;s
press release announcing the Offering is attached hereto as Exhibit 99.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company&rsquo;s
press release announcing the pricing of the Offering is attached hereto as Exhibit 99.2.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in"><B>Item 9.01&nbsp;&nbsp;Financial
Statements and Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.4in">(d)</TD><TD STYLE="text-align: justify"><U>Exhibits</U>.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; text-align: right; padding-left: 0; padding-right: 0.2in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1.1</FONT></TD>
    <TD STYLE="width: 85%; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Underwriting Agreement, dated June 24, 2014, by and between G-III Apparel Group, Ltd. and Barclays Capital Inc., as representative of the several underwriters named in Schedule I thereto.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right; padding-left: 0; padding-right: 0.2in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.1</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Opinion of Fulbright &amp; Jaworski LLP.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right; padding-left: 0; padding-right: 0.2in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">99.1</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Press Release dated June 23, 2014.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right; padding-left: 0; padding-right: 0.2in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">99.2</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Press Release dated June 24, 2014.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">Limitation on Incorporation
by Reference:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">In accordance with General
Instruction B.2 of Form 8-K, the information reported Exhibits 99.1 and 99.2 shall not be deemed &quot;filed&quot; for purposes
of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the
Securities Act of 1933 or the Securities Exchange Act of 1934, except as shall be expressly set forth by specific reference in
such a filing.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">SIGNATURE</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">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
hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.25in; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="line-height: 115%; font-family: Calibri,sans-serif"><FONT STYLE="font: 10pt Times New Roman,serif">G-III APPAREL GROUP, LTD.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="line-height: 115%; font-family: Calibri,sans-serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%; font-family: Calibri,sans-serif"><FONT STYLE="font: 10pt Times New Roman,serif">Date:&nbsp;&nbsp;June 25, 2014</FONT></TD>
    <TD COLSPAN="2" STYLE="line-height: 115%; font-family: Calibri,sans-serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="line-height: 115%; font-family: Calibri,sans-serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; line-height: 115%; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="line-height: 115%; font-family: Calibri,sans-serif; width: 3%"><FONT STYLE="font: 10pt Times New Roman,serif">By: </FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; line-height: 115%; font-family: Calibri,sans-serif; width: 47%"><FONT STYLE="font: 10pt Times New Roman,serif">/s/ Neal S. Nackman</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="line-height: 115%; font-family: Calibri,sans-serif"><FONT STYLE="font: 10pt Times New Roman,serif">Name: &nbsp;Neal S. Nackman</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="line-height: 115%; font-family: Calibri,sans-serif"><FONT STYLE="font: 10pt Times New Roman,serif">Title: &nbsp;&nbsp;&nbsp;Chief Financial Officer</FONT></TD></TR>
</TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">EXHIBIT INDEX</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 31.5pt">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Exhibit</B></FONT></TD>
    <TD STYLE="width: 1%; text-align: justify"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="width: 85%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Description</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1.1</FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Underwriting Agreement, dated June 24, 2014, by and between G-III Apparel Group, Ltd. and Barclays Capital Inc., as representative of the several underwriters named in Schedule I thereto.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.1</FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Opinion of Fulbright &amp; Jaworski LLP.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">99.1</FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Press Release dated June 23, 2014.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">99.2</FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Press Release dated June 24, 2014.</FONT></TD></TR>
</TABLE>
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<DESCRIPTION>EXHIBIT 1.1
<TEXT>
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<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>Exhibit 1.1</B></FONT></P>

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<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">1,500,000 Shares</FONT></P>

<P STYLE="font: bold 10pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">G-III APPAREL GROUP,
LTD.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; font-weight: normal">Common
Stock</FONT></P>

<P STYLE="font: bold 10pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><U>UNDERWRITING
AGREEMENT</U></FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt">June 24, 2014</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; font-variant: small-caps">Barclays Capital
Inc.,</FONT><FONT STYLE="font-size: 10pt"><BR>
As Representative of the several<BR>
&nbsp;&nbsp;Underwriters named in Schedule I attached hereto,<BR>
c/o Barclays Capital Inc.<BR>
745 Seventh Avenue<BR>
New York, New York 10019</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">Ladies and Gentlemen:</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">G-III
Apparel Group, Ltd., a Delaware corporation (the &ldquo;<B><I>Company</I></B>&rdquo;), proposes to sell 1,500,000 shares (the
&ldquo;<B><I>Firm Stock</I></B>&rdquo;) of the Company&rsquo;s common stock, par value $0.01 per share (the &ldquo;<B><I>Common
Stock</I></B>&rdquo;). In addition, the Company proposes to grant to the underwriters (the &ldquo;<B><I>Underwriters</I></B>&rdquo;)
named in Schedule I attached to this agreement (this &ldquo;<B><I>Agreement</I></B>&rdquo;) an option to purchase up to 225,000
additional shares of the Common Stock on the terms set forth in Section 2 (the &ldquo;<B><I>Option Stock</I></B>&rdquo;). The
Firm Stock and the Option Stock, if purchased, are hereinafter collectively called the &ldquo;<B><I>Stock</I></B>&rdquo;. This
Agreement is to confirm the agreement concerning the purchase of the Stock from the Company by the Underwriters.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Representations,
Warranties and Agreements of the Company</I>. The Company represents, warrants and agrees that:</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
shelf registration statement on Form S-3 (File No. 333-184700) relating to the Stock (and other securities of the Company that
may be offered from time to time) has (i)&nbsp;been prepared by the Company in conformity with the requirements of the Securities
Act of 1933, as amended (the &ldquo;<B><I>Securities Act</I></B>&rdquo;), and the rules and regulations of the Securities and
Exchange Commission (the &ldquo;<B><I>Commission</I></B>&rdquo;) thereunder; (ii)&nbsp;been filed with the Commission under the
Securities Act; and (iii)&nbsp;become effective under the Securities Act. Copies of such registration statement and any amendment
thereto have been delivered by the Company to you as the representative (the &ldquo;<B><I>Representative</I></B>&rdquo;) of the
Underwriters. As used in this Agreement:</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<B><I>Applicable
Time</I></B>&rdquo; means 5:00 p.m. (New York City time) June 24, 2014;</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<B><I>Effective
Date</I></B>&rdquo; means the date and time as of which such registration statement was declared effective by the Commission in
accordance with the rules and regulations under the Securities Act;</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<B><I>Issuer
Free Writing Prospectus</I></B>&rdquo; means each &ldquo;issuer free writing prospectus&rdquo; (as defined in Rule 433 under the
Securities Act);</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<B><I>Preliminary
Prospectus</I></B>&rdquo; means any preliminary prospectus relating to the Stock included in such registration statement or filed
with the Commission pursuant to Rule 424(b) under the Securities Act, including any preliminary prospectus supplement thereto
relating to the Stock;</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<B><I>Pricing
Disclosure Package</I></B>&rdquo; means, as of the Applicable Time, the most recent Preliminary Prospectus, together with the
information included in Schedule III hereto and each Issuer Free Writing Prospectus filed or used by the Company on or before
the Applicable Time, other than a road show that is an Issuer Free Writing Prospectus but is not required to be filed under Rule
433 under the Securities Act;</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<B><I>Prospectus</I></B>&rdquo;
means the final prospectus relating to the Stock, including any prospectus supplement thereto relating to the Stock, as filed
with the Commission pursuant to Rule 424(b) under the Securities Act; and</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<B><I>Registration
Statement</I></B>&rdquo; means such registration statement, as amended as of the Effective Date, including any Preliminary Prospectus
or the Prospectus, all exhibits to such registration statement and including the information deemed by virtue of Rule 430B under
the Securities Act to be part of such registration statement as of the Effective Date.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">Any
reference to any Preliminary Prospectus or the Prospectus shall be deemed to refer to and include any documents incorporated by
reference therein pursuant to Form S-3 under the Securities Act as of the date of such Preliminary Prospectus or the Prospectus,
as the case may be. Any reference to the &ldquo;<B><I>most recent Preliminary Prospectus</I></B>&rdquo; shall be deemed to refer
to the latest Preliminary Prospectus included in the Registration Statement or filed pursuant to Rule 424(b) under the Securities
Act prior to or on the date hereof. Any reference to any amendment or supplement to any Preliminary Prospectus or the Prospectus
shall be deemed to refer to and include any document filed under the Securities Exchange Act of 1934, as amended (the &ldquo;<B><I>Exchange
Act</I></B>&rdquo;), after the date of such Preliminary Prospectus or the Prospectus, as the case may be, and before the date
of such amendment or supplement and incorporated by reference in such Preliminary Prospectus or the Prospectus, as the case may
be; and any reference to any amendment to the Registration Statement shall be deemed to include any document filed with the Commission
pursuant to Section 13(a) or 15(d) of the Exchange Act after the Effective Date and before the date of such amendment that is
incorporated by reference in the Registration Statement. The Commission has not issued any order preventing or suspending the
use of any Preliminary Prospectus or the Prospectus or suspending the effectiveness of the Registration Statement, and no proceeding
or examination for such purpose has been instituted or, to the best knowledge of the Company, threatened by the Commission.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company has been since the time of initial filing of the Registration Statement and continues to be eligible to use Form S-3 for
the offering of the Stock,<SUP> </SUP>including not having been an &ldquo;ineligible issuer&rdquo; (as defined in Rule 405) at
any such time or date. The Registration Statement was filed not earlier than the date that is three years prior to the applicable
Closing Date.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Registration Statement conformed and will conform in all material respects on the Effective Date and on the applicable Delivery
Date (as defined in Section 4 of this Agreement), and any amendment to the Registration Statement filed after the date hereof
will conform in all material respects when filed, to the requirements of the Securities Act and the rules and regulations thereunder.
The most recent Preliminary Prospectus conformed, and the Prospectus will conform, in all material respects when filed with the
Commission pursuant to Rule 424(b) under the Securities Act and on the applicable Delivery Date to the requirements of the Securities
Act and the rules and regulations thereunder. The documents incorporated by reference in any Preliminary Prospectus or the Prospectus
conformed, when filed with the Commission, in all material respects to the requirements of the Exchange Act or the Securities
Act, as applicable, and the rules and regulations of the Commission thereunder.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Registration Statement did not, as of the Effective Date, contain an untrue statement of a material fact or omit to state a material
fact required to be stated therein or necessary to make the statements therein not misleading; <I>provided</I> that no representation
or warranty is made as to information contained in or omitted from the Registration Statement in reliance upon and in conformity
with written information furnished to the Company through the Representative by or on behalf of any Underwriter specifically for
inclusion therein, which information is specified in Section 8(e).</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Prospectus will not, as of its date or as of the applicable Delivery Date, contain an untrue statement of a material fact or omit
to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made,
not misleading; <I>provided</I> that no representation or warranty is made as to information contained in or omitted from the
Prospectus in reliance upon and in conformity with written information furnished to the Company through the Representative by
or on behalf of any Underwriter specifically for inclusion therein, which information is specified in Section 8(e).</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
documents incorporated by reference in any Preliminary Prospectus or the Prospectus did not, and any further documents filed and
incorporated by reference therein will not, when filed with the Commission, contain an untrue statement of a material fact or
omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were
made, not misleading.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Pricing Disclosure Package did not, as of the Applicable Time, contain an untrue statement of a material fact or omit to state
a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading;
<I>provided</I> that no representation or warranty is made as to information contained in or omitted from the Pricing Disclosure
Package in reliance upon and in conformity with written information furnished to the Company through the Representative by or
on behalf of any Underwriter specifically for inclusion therein, which information is specified in Section 8(e).</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
Issuer Free Writing Prospectus listed in Schedule IV hereto, when taken together with the Pricing Disclosure Package, did not,
as of the Applicable Time, contain an untrue statement of a material fact or omit to state a material fact necessary to make the
statements therein, in the light of the circumstances under which they were made, not misleading; <I>provided</I> that no representation
or warranty is made as to information contained in or omitted from such Issuer Free Writing Prospectus listed in Schedule IV hereto
in reliance upon and in conformity with written information furnished to the Company through the Representative by or on behalf
of any Underwriter specifically for inclusion therein, which information is specified in Section 8(e).</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
Issuer Free Writing Prospectus conformed or will conform in all material respects to the requirements of the Securities Act and
the rules and regulations thereunder on the date of first use, and the Company has complied with all prospectus delivery and any
filing requirements applicable to such Issuer Free Writing Prospectus pursuant to the Securities Act and rules and regulations
thereunder. The Company has not made any offer relating to the Stock that would constitute an Issuer Free Writing Prospectus without
the prior written consent of the Representative, except as set forth on Schedule V hereto. The Company has retained in accordance
with the Securities Act and the rules and regulations thereunder all Issuer Free Writing Prospectuses that were not required to
be filed pursuant to the Securities Act and the rules and regulations thereunder.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
of the Company and its subsidiaries has been duly organized and is validly existing and in good standing as a corporation or other
business entity under the laws of its jurisdiction of organization. Each of the Company and its Significant Subsidiaries (as defined
below) is duly qualified to do business and in good standing as a foreign corporation or other business entity in each jurisdiction
in which its ownership or lease of property or the conduct of its businesses requires such qualification, except where the failure
to be so qualified or in good standing could not, in the aggregate, reasonably be expected to have a material adverse effect on
the condition (financial or otherwise), results of operations, stockholders&rsquo; equity, properties or business of the Company
and its subsidiaries taken as a whole (a &ldquo;<B><I>Material Adverse Effect</I></B>&rdquo;). The Company and each of its subsidiaries
have all power and authority necessary to own or hold its properties and to conduct the businesses in which it is engaged. The
Company does not own or control, directly or indirectly, any corporation, association or other entity other than the subsidiaries
listed in Schedule VI hereto. No subsidiary of the Company is a &ldquo;significant subsidiary&rdquo; (as defined in Rule 405 under
the Securities Act) other than the subsidiaries identified as such in Schedule VII hereto (&ldquo;<B><I>Significant Subsidiaries</I></B>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company has an authorized capitalization as set forth in each of the most recent Preliminary Prospectus and the Prospectus, and
all of the issued shares of capital stock of the Company have been duly authorized and validly issued, are fully paid and non-assessable,
conform to the description thereof contained in the most recent Preliminary Prospectus and were issued in compliance with federal
and state securities laws and not in violation of any preemptive right, resale right, right of first refusal or similar right.
All of the Company&rsquo;s options, warrants and other rights to purchase or exchange any securities for shares of the Company&rsquo;s
capital stock have been duly authorized and validly issued, conform to the description thereof contained in the most recent Preliminary
Prospectus and were issued in compliance with federal and state</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">securities
laws. All of the issued shares of capital stock or other ownership interest of each subsidiary of the Company have been duly authorized
and validly issued, are fully paid (to the extent required under the organizational documents of each such subsidiary) and non-assessable
(except, in the case of CK Outerwear LLC, a New York limited liability company, as such nonassessability may be affected by Sections
508 and 704 of the New York Limited Liability Company Law) and, except as otherwise described in the Registration Statement, in
the Pricing Disclosure Package and in the Prospectus, are owned directly or indirectly by the Company, free and clear of all liens,
encumbrances, equities or claims, except for such liens, encumbrances, equities or claims as could not, individually or in the
aggregate, reasonably be expected to have a Material Adverse Effect.</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
shares of the Stock to be issued and sold by the Company to the Underwriters hereunder have been duly authorized and, upon payment
and delivery in accordance with this Agreement, will be validly issued, fully paid and non-assessable, will conform to the description
thereof contained in the most recent Preliminary Prospectus, will be issued in compliance with federal and state securities laws
and will be free of statutory and contractual preemptive rights, rights of first refusal and similar rights.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company has all requisite corporate power and authority to execute, deliver and perform its obligations under this Agreement.
This Agreement has been duly and validly authorized, executed and delivered by the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
issue and sale of the Stock, the execution, delivery and performance of this Agreement by the Company, the consummation of the
transactions contemplated hereby and the application of the proceeds from the sale of the Stock as described under &ldquo;Use
of Proceeds&rdquo; in the most recent Preliminary Prospectus will not (i)&nbsp;conflict with or result in a breach or violation
of any of the terms or provisions of, impose any lien, charge or encumbrance upon any property or assets of the Company and its
subsidiaries, or constitute a default under, any indenture, mortgage, deed of trust, loan agreement, license, lease or other agreement
or instrument to which the Company or any of its subsidiaries is a party or by which the Company or any of its subsidiaries is
bound or to which any of the property or assets of the Company or any of its subsidiaries is subject; (ii)&nbsp;result in any
violation of the provisions of the charter or by-laws (or similar organizational documents) of the Company or any of its subsidiaries;
or (iii)&nbsp;result in any violation of any statute or any judgment, order, decree, rule or regulation of any court or governmental
agency or body having jurisdiction over the Company or any of its subsidiaries or any of their properties or assets, except with
respect to clauses (i) and (iii), conflicts or violations that would not reasonably be expected to have a Material Adverse Effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
consent, approval, authorization or order of, or filing, registration or qualification with, any court or governmental agency
or body having jurisdiction over the Company or any of its subsidiaries or any of their properties or assets is required for the
issue and sale of the Stock, the execution, delivery and performance of this Agreement by the Company, the consummation of the
transactions contemplated hereby, the application of the proceeds from the sale of the Stock as described under &ldquo;Use of
Proceeds&rdquo; in the most recent Preliminary Prospectus, except for the registration of the Stock under the Securities Act and
such consents, approvals, authorizations, orders, filings, registrations or qualifications as may be required under the Exchange
Act and applicable state securities laws and/or the bylaws and rules</FONT></P>

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<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">of
the Financial Industry Regulatory Authority (the &ldquo;<B><I>FINRA</I></B>&rdquo;) in connection with the purchase and sale of
the Stock by the Underwriters.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(p)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
historical financial statements (including the related notes and supporting schedules) included or incorporated by reference in
the most recent Preliminary Prospectus comply as to form in all material respects with the requirements of Regulation S-X under
the Securities Act and present fairly in all material respects the financial condition, results of operations and cash flows of
the entities purported to be shown thereby at the dates and for the periods indicated and have been prepared in conformity with
accounting principles generally accepted in the United States applied on a consistent basis throughout the periods involved.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(q)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the Company&rsquo;s knowledge, Ernst &amp; Young LLP, who have certified certain financial statements of the Company and its consolidated
subsidiaries, whose report appears in the most recent Preliminary Prospectus or is incorporated by reference therein and who have
delivered the initial letter referred to in Section 7(g) hereof, are independent public accountants as required by the Securities
Act and the rules and regulations thereunder during the periods covered by the financial statements on which they reported contained
or incorporated by reference in the most recent Preliminary Prospectus.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(r)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company and each of its subsidiaries maintain a system of internal control over financial reporting (as such term is defined in
Rule 13a-15(f) of the Exchange Act) that complies with the requirements of the Exchange Act and that has been designed by, or
under the supervision of, the Company&rsquo;s principal executive and principal financial officers, to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance
with generally accepted accounting principles in the United States. The Company and each of its subsidiaries maintain internal
accounting controls sufficient to provide reasonable assurance that (i)&nbsp;transactions are executed in accordance with management&rsquo;s
general or specific authorization, (ii) transactions are recorded as necessary to permit preparation of the Company&rsquo;s financial
statements in conformity with accounting principles generally accepted in the United States and to maintain accountability for
its assets, (iii) access to the Company&rsquo;s assets is permitted only in accordance with management&rsquo;s general or specific
authorization, and (iv) the recorded accountability for the Company&rsquo;s assets is compared with existing assets at reasonable
intervals and appropriate action is taken with respect to any differences. As of the date of the most recent balance sheet of
the Company and its consolidated subsidiaries reviewed or audited by Ernst &amp; Young LLP and the audit committee of the board
of directors of the Company, there were no material weaknesses in the Company&rsquo;s internal controls and (v) the interactive
data in eXtensible Business Reporting Language included or incorporated by reference in the Pricing Disclosure Package and the
Prospectus fairly present the information called for in all material respects and are prepared in accordance with the Commission's
rules and guidelines applicable thereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(s)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)
The Company and each of its subsidiaries maintain disclosure controls and procedures (as such term is defined in Rule 13a-15(e)
under the Exchange Act), (ii) such disclosure controls and procedures are designed to ensure that the information required to
be disclosed by the Company and its subsidiaries in the reports they file or submit under the Exchange Act is accumulated and
communicated to management of the Company and its subsidiaries, including their respective principal executive officers and principal
financial</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">officers,
as appropriate, to allow timely decisions regarding required disclosure to be made, and (iii) such disclosure controls and procedures
are effective in all material respects to perform the functions for which they were established.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(t)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Since
the date of the most recent balance sheet of the Company and its consolidated subsidiaries reviewed or audited by Ernst &amp;
Young LLP and the audit committee of the board of directors of the Company, (i) the Company has not been advised of or become
aware of (A)&nbsp;any significant deficiencies in the design or operation of internal controls that could adversely affect the
ability of the Company or any of its subsidiaries to record, process, summarize and report financial data, or any material weaknesses
in internal controls, and (B) any fraud, whether or not material, that involves management or other employees who have a significant
role in the internal controls of the Company and each of its subsidiaries; and (ii) there have been no significant changes in
internal controls or in other factors that could significantly affect internal controls, including any corrective actions with
regard to significant deficiencies and material weaknesses.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(u)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There
is and has been no failure on the part of the Company and any of the Company&rsquo;s directors or officers, in their capacities
as such, to comply, in all material respects, with any provision of the Sarbanes-Oxley Act of 2002 and the rules and regulations
promulgated in connection therewith.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as described in the most recent Preliminary Prospectus, since the date of the latest audited financial statements included or
incorporated by reference in the most recent Preliminary Prospectus, neither the Company nor any of its subsidiaries has (i) sustained
any loss or interference with its business from fire, explosion, flood or other calamity, whether or not covered by insurance,
or from any labor dispute or court or governmental action, order or decree, (ii) issued or granted any securities (other than
annual grants of restricted stock units to non-employee directors and an additional grant of restricted stock units to the lead
independent director), (iii) incurred any material liability or obligation, direct or contingent, other than liabilities and obligations
that were incurred in the ordinary course of business, (iv) entered into any material transaction not in the ordinary course of
business, or (v) declared or paid any dividend on its capital stock, and since such date, there has not been any change in the
capital stock or long-term debt of the Company or any of its subsidiaries or any adverse change, or any development involving
a prospective adverse change, in or affecting the condition (financial or otherwise), results of operations, stockholders&rsquo;
equity, properties, management, business or prospects of the Company and its subsidiaries taken as a whole, in each case except
as could not, in the aggregate, reasonably be expected to have a Material Adverse Effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(w)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company and its subsidiaries do not own real property. The Company and each of its subsidiaries have good and marketable title
to all personal property owned by them, in each case free and clear of all liens, encumbrances and defects, except such liens,
encumbrances and defects as are described in the most recent Preliminary Prospectus or such as do not materially affect the value
of such property and do not materially interfere with the use made and proposed to be made of such property by the Company and
its subsidiaries. All assets held under lease by the Company and its subsidiaries are held by them under valid, subsisting and
enforceable leases, with such exceptions as do not materially interfere with the use made and proposed to be made of such assets
by the Company and its subsidiaries.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Company and each of its subsidiaries have such permits, licenses, patents, franchises, certificates of need and
other approvals or authorizations of governmental or regulatory authorities (&ldquo;<B><I>Permits</I></B>&rdquo;) as are
necessary under applicable law to own their properties and conduct their businesses in the manner described in the most
recent Preliminary Prospectus, except for any of the foregoing that could not, in the aggregate, reasonably be expected to
have a Material Adverse Effect or except as described in the most recent Preliminary Prospectus. The Company and each of
its subsidiaries have fulfilled and performed all of its obligations with respect to the Permits, and no event has occurred
that allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other
impairment of the rights of the holder or any such Permits, except for any of the foregoing that could not reasonably be
expected to have a Material Adverse Effect or except as described in the most recent Preliminary Prospectus. Neither the
Company nor any of its subsidiaries has received notice of any revocation or modification of any such Permits or has any
reason to believe that any such Permits will not be renewed in the ordinary course, except for any of the foregoing that
could not reasonably be expected to have a Material Adverse Effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(y)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company and each of its subsidiaries own or possess adequate rights to use all material patents, patent applications, trademarks,
service marks, trade names, trademark registrations, service mark registrations, copyrights, licenses, know-how, software, systems
and technology (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information, systems
or procedures) necessary for the conduct of their respective businesses, except as would not result in a Material Adverse Effect,
and have no reason to believe that the conduct of their respective businesses will conflict with, and have not received any notice
of any claim of conflict with, any such rights of others, except for any of the foregoing that could not reasonably be expected
to have a Material Adverse Effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(z)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as described in the most recent Preliminary Prospectus, there are no legal or governmental proceedings pending to which the Company
or any of its subsidiaries is a party or of which any property or assets of the Company or any of its subsidiaries is the subject
that could, in the aggregate, reasonably be expected to have a Material Adverse Effect or could, in the aggregate, reasonably
be expected to have a Material Adverse Effect on the performance of this Agreement or the consummation of the transactions contemplated
hereby; and to the Company&rsquo;s knowledge, no such proceedings are threatened or contemplated by governmental authorities or
others.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(aa)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There are no contracts or other documents required to be described in the Registration Statement or the most recent
Preliminary Prospectus or filed as exhibits to the Registration Statement, that are not described and filed as required. The
statements made in the most recent Preliminary Prospectus, insofar as they purport to constitute summaries of the terms of
the contracts and other documents described and filed, constitute accurate summaries of the information provided in all
material respects. Neither the Company nor any of its subsidiaries has knowledge that any other party to any such contract or
other document has any intention not to render full performance as contemplated by the terms thereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(bb)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
statements made in the most recent Preliminary Prospectus and the Prospectus under the caption &ldquo;Description of Capital Stock&rdquo;,
insofar as they purport to constitute summaries of the terms of statutes, rules or regulations, legal or governmental proceedings
or</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">contracts
and other documents, constitute accurate summaries of the terms of such statutes, rules and regulations, legal and governmental
proceedings and contracts and other documents in all material respects.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(cc)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company and each of its subsidiaries carry, or are covered by, insurance from insurers of recognized financial
responsibility in such amounts and covering such risks as is adequate for the conduct of their respective businesses and the
value of their respective properties and as is customary for companies engaged in similar businesses in similar industries.
All policies of insurance of the Company and its subsidiaries are in full force and effect; the Company and each of its
subsidiaries are in compliance with the terms of such policies in all material respects; and neither the Company nor any of
its subsidiaries has received notice from any insurer or agent of such insurer that capital improvements or other
expenditures are required or necessary to be made in order to continue such insurance; there are no claims by the Company or
any of its subsidiaries under any such policy or instrument as to which any insurance company is denying liability or
defending under a reservation of rights clause; and neither the Company nor any such subsidiary has any reason to believe
that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar
coverage from similar insurers as may be necessary to continue its business at a cost that could not reasonably be expected
to have a Material Adverse Effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(dd)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
relationship, direct or indirect, exists between or among the Company, on the one hand, and the directors, officers, stockholders,
customers or suppliers of the Company, on the other hand, that is required to be described in the most recent Preliminary Prospectus
which is not so described.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ee)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
labor disturbance by or dispute with the employees of the Company or any of its subsidiaries exists or, to the knowledge of the
Company, is imminent that could reasonably be expected to have a Material Adverse Effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ff)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither
the Company nor any of its subsidiaries (i) is in violation of its charter or by-laws (or similar organizational documents), (ii)
is in default, and no event has occurred that, with notice or lapse of time or both, would constitute such a default, in the due
performance or observance of any term, covenant, condition or other obligation contained in any indenture, mortgage, deed of trust,
loan agreement, license or other agreement or instrument to which it is a party or by which it is bound or to which any of its
properties or assets is subject, or (iii) is in violation of any statute or any order, rule or regulation of any court or governmental
agency or body having jurisdiction over it or its property or assets or has failed to obtain any license, permit, certificate,
franchise or other governmental authorization or permit necessary to the ownership of its property or to the conduct of its business,
except in the case of clauses (ii) and (iii), to the extent any such conflict, breach, violation or default could not, individually
or in the aggregate, reasonably be expected to have a Material Adverse Effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(gg)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company and each of its subsidiaries (i) are, and at all times prior hereto were, in compliance with all laws, regulations, ordinances,
rules, orders, judgments, decrees, permits or other legal requirements of any governmental authority, including without limitation
any international, foreign, national, state, provincial, regional, or local authority, relating to pollution, the protection of
human health or safety, the environment, or natural resources, or to</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">use,
handling, storage, manufacturing, transportation, treatment, discharge, disposal or release of hazardous or toxic substances or
wastes, pollutants or contaminants (&ldquo;<B><I>Environmental Laws</I></B>&rdquo;) applicable to such entity, which compliance
includes, without limitation, obtaining, maintaining and complying with all permits and authorizations and approvals required
by Environmental Laws to conduct their respective businesses, and (ii)&nbsp;have not received notice or otherwise have knowledge
of any actual or alleged violation of Environmental Laws, or of any actual or potential liability for or other obligation concerning
the presence, disposal or release of hazardous or toxic substances or wastes, pollutants or contaminants, except in the case of
clause (i) or (ii) where such non-compliance, violation, liability, or other obligation could not, in the aggregate, reasonably
be expected to have a Material Adverse Effect. Except as described in the most recent Preliminary Prospectus, (x) there are no
proceedings that are pending, or known to be contemplated, against the Company or any of its subsidiaries under Environmental
Laws in which a governmental authority is also a party, (y) the Company and its subsidiaries are not aware of any issues regarding
compliance with Environmental Laws, including any pending or proposed Environmental Laws, or liabilities or other obligations
under Environmental Laws or concerning hazardous or toxic substances or wastes, pollutants or contaminants, and (z) none of the
Company and its subsidiaries anticipates material capital expenditures relating to Environmental Laws, except in the case of clause
(x), (y) or (z) where such matters could not, in the aggregate, reasonably be expected to have a Material Adverse Effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(hh)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company and each of its subsidiaries have filed (or obtained extensions with respect to) all material federal, state, local and
foreign tax returns required to be filed through the date hereof, subject to permitted extensions, and have paid all taxes shown
to be due pursuant to such returns, other than those taxes that would not, individually or in the aggregate, reasonably be expected
to have a Material Adverse Effect, and those that are being contested in good faith and for which adequate reserves have been
established in accordance with generally accepted accounting principles. No tax deficiency has been determined adversely to the
Company or any of its subsidiaries, and the Company does not have any knowledge of any tax deficiencies that have been, or could
reasonably be expected to be asserted against the Company, in each case that could, in the aggregate, reasonably be expected to
have a Material Adverse Effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)
Each &ldquo;employee benefit plan&rdquo; (within the meaning of Section 3(3) of the Employee Retirement Security Act of 1974,
as amended (&ldquo;<B><I>ERISA</I></B>&rdquo;)) for which the Company or any member of its &ldquo;Controlled Group&rdquo; (defined
as any organization which is a member of a controlled group of corporations within the meaning of Section 414 of the Internal
Revenue Code of 1986, as amended (the &ldquo;<B><I>Code</I></B>&rdquo;)) would have any liability (each a &ldquo;<B><I>Plan</I></B>&rdquo;)
has been maintained in compliance with its terms and with the requirements of all applicable statutes, rules and regulations including
ERISA and the Code; (ii) no prohibited transaction, within the meaning of Section 406 of ERISA or Section 4975 of the Code, has
occurred with respect to any Plan excluding transactions effected pursuant to a statutory or administrative exemption; (iii) with
respect to each Plan subject to Title IV of ERISA (A) no &ldquo;reportable event&rdquo; (within the meaning of Section 4043(c)
of ERISA) has occurred or is reasonably expected to occur, (B) no &ldquo;accumulated funding deficiency&rdquo; (within the meaning
of Section 302 of ERISA or Section 412 of the Code), whether or not waived, has occurred or is reasonably expected to occur, (C)
the fair market value of the assets under each Plan exceeds the present value of all benefits accrued under such Plan (determined
based on those assumptions used to fund such Plan), and (D)</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">neither
the Company or any member of its Controlled Group has incurred, or reasonably expects to incur, any liability under Title IV of
ERISA (other than contributions to the Plan or premiums to the Pension Benefit Guaranty Corporation in the ordinary course and
without default) in respect of a Plan (including a &ldquo;multiemployer plan&rdquo;, within the meaning of Section 4001(c)(3)
of ERISA); and (iv) each Plan that is intended to be qualified under Section 401(a) of the Code is so qualified and nothing has
occurred, whether by action or by failure to act, which would cause the loss of such qualification.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(jj)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
statistical and market-related data included in the most recent Preliminary Prospectus and the consolidated financial statements
of the Company and its subsidiaries included or incorporated by reference in the most recent Preliminary Prospectus are based
on or derived from sources that the Company believes to be reliable in all material respects.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(kk)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither
the Company nor any of its subsidiaries is, and as of the applicable Delivery Date and, after giving effect to the offer and sale
of the Stock and the application of the proceeds therefrom as described under &ldquo;Use of Proceeds&rdquo; in the most recent
Preliminary Prospectus and the Prospectus, none of them will be, (i) an &ldquo;investment company&rdquo; or a company &ldquo;controlled&rdquo;
by an &ldquo;investment company&rdquo; within the meaning of the Investment Company Act of 1940, as amended (the &ldquo;<B><I>Investment
Company Act</I></B>&rdquo;), and the rules and regulations of the Commission thereunder, or (ii) a &ldquo;business development
company&rdquo; (as defined in Section 2(a)(48) of the Investment Company Act).</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ll)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There
are no contracts, agreements or understandings between the Company and any person granting such person the right to require the
Company to file a registration statement under the Securities Act with respect to any securities of the Company owned or to be
owned by such person or to require the Company to include such securities in the securities registered pursuant to the Registration
Statement or in any securities being registered pursuant to any other registration statement filed by the Company under the Securities
Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(mm)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither
the Company nor any of its subsidiaries is a party to any contract, agreement or understanding with any person (other than this
Agreement) that would give rise to a valid claim against any of them or the Underwriters for a brokerage commission, finder&rsquo;s
fee or like payment in connection with the offering and sale of the Stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(nn)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company has not sold or issued any securities that would be integrated with the offering of the Stock contemplated by this Agreement
pursuant to the Securities Act, the rules and regulations thereunder or the interpretations thereof by the Commission.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(oo)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company and its affiliates have not taken, directly or indirectly, any action designed to or that has constituted or that could
reasonably be expected to cause or result in the stabilization or manipulation of the price of any security of the Company in
connection with the offering of the shares of the Stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(pp)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company has not distributed and, prior to the later to occur of any Delivery Date and completion of the distribution of the Stock,
will not distribute any offering material in connection with the offering and sale of the Stock other than any Preliminary Prospectus,
the Prospectus, any Issuer Free Writing Prospectus to which the Representative has consented in</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">accordance
with Section 5(a)(v) and any Issuer Free Writing Prospectus set forth on Schedule V hereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(qq)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither
the Company nor any subsidiary is in violation of or has received notice of any violation with respect to any federal or state
law relating to discrimination in the hiring, promotion or pay of employees, nor any applicable federal or state wage and hour
laws, nor any state law precluding the denial of credit due to the neighborhood in which a property is situated, the violation
of any of which could reasonably be expected to have a Material Adverse Effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(rr)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither
the Company nor any of its subsidiaries, nor, to the knowledge of the Company, any director, officer, agent, employee or other
person associated with or acting on behalf of the Company or any of its subsidiaries, has in the course of its actions for, or
on behalf of, the Company or any of its subsidiaries: (i) used any corporate funds for any unlawful contribution, gift, entertainment
or other unlawful expense relating to political activity; (ii) made any direct or indirect unlawful payment to any foreign or
domestic government official, &ldquo;foreign official&rdquo; (as defined in the U.S. Foreign Corrupt Practices Act of 1977, as
amended, and the rules and regulations thereunder (collectively, the &ldquo;<B><I>FCPA</I></B>&rdquo;) or employee from corporate
funds; (iii) violated or is in violation of any provision of the FCPA, U.K. Bribery Act 2010, as amended, or any other applicable
anti-bribery statute or regulation; or (iv) made any bribe, rebate, payoff, influence payment, kickback or other unlawful payment
to any domestic government official, foreign official or employee; and the Company and its subsidiaries and, to the knowledge
of the Company, the Company&rsquo;s affiliates have conducted their respective businesses in compliance with FCPA, U.K. Bribery
Act 2010, and all other applicable anti-bribery statutes and regulations, and have instituted and maintain policies and procedures
designed to ensure, and which are reasonably expected to continue to ensure, continued compliance therewith.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ss)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
operations of the Company and its subsidiaries are and have been conducted at all times in compliance with applicable financial
recordkeeping and reporting requirements of the money laundering statutes of all jurisdictions, the rules and regulations thereunder
and any related or similar rules, regulations or guidelines, issued, administered or enforced by any governmental agency (collectively,
the &ldquo;<B><I>Money Laundering Laws</I></B>&rdquo;) and no action, suit or proceeding by or before any court or governmental
agency, authority or body or any arbitrator involving the Company or any of its subsidiaries with respect to the Money Laundering
Laws is pending or, to the knowledge of the Company, threatened.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(tt)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither
the Company nor any of its subsidiaries nor, to the knowledge of the Company, any director, officer, agent, employee or affiliate
of the Company or any of its subsidiaries is (i) currently subject to or the target of any sanctions administered or enforced
by the Office of Foreign Assets Control of the U.S. Treasury Department (&ldquo;<B><I>OFAC</I></B>&rdquo;), the U.S. Department
of State, the United Nations Security Council (&ldquo;<B><I>UNSC</I></B>&rdquo;), the European Union (&ldquo;<B><I>EU</I></B>&rdquo;),
Her Majesty&rsquo;s Treasury (&ldquo;<B><I>HMT</I></B>&rdquo;), or other relevant sanctions authority (collectively, &ldquo;<B><I>Sanctions</I></B>&rdquo;);
or (ii) located, organized or resident in a country that is the subject of Sanctions (including, without limitation, Cuba, Iran,
North Korea, Sudan, and Syria); and the Company will not directly or indirectly use the proceeds of the offering, or lend, contribute
or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose
of financing the activities of any person, or in any country or territory, that currently is the subject or target of Sanctions
or in any other manner that will result in a violation</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">by
any person (including any person participating in the transaction whether as an underwriter, advisor, investor or otherwise) of
Sanctions. The Company and its subsidiaries have not knowingly engaged in for the past five years, are not now knowingly engaged
in, and will not engage in, any dealings or transactions with any individual or entity, or in any country or territory, that at
the time of the dealing or transaction is or was the subject or target of Sanctions.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Any
certificate signed by any officer of the Company and delivered to the Representative or counsel for the Underwriters in connection
with the offering of the Stock shall be deemed a representation and warranty by the Company, as to matters covered thereby, to
each Underwriter.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Purchase
of the Stock by the Underwriters.&nbsp;&nbsp;</I> On the basis of the representations, warranties and covenants contained in, and subject
to the terms and conditions of, this Agreement, the Company agrees to sell 1,500,000&nbsp;shares of the Firm Stock to the several
Underwriters, and each of the Underwriters, severally and not jointly, agrees to purchase the number of shares of the Firm Stock
set forth opposite that Underwriter&rsquo;s name in Schedule I hereto. The respective purchase obligations of the Underwriters
with respect to the Firm Stock shall be rounded among the Underwriters to avoid fractional shares, as the Representative may determine.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">In
addition, the Company grants to the Underwriters an option to purchase up to 225,000&nbsp;additional shares of Option Stock. Such
option is exercisable as set forth in Section 4 hereof. Each Underwriter agrees, severally and not jointly, to purchase the number
of shares of Option Stock (subject to such adjustments to eliminate fractional shares as the Representative may determine) that
bears the same proportion to the total number of shares of Option Stock to be sold on such Delivery Date as the number of shares
of Firm Stock set forth in Schedule I hereto opposite the name of such Underwriter bears to the total number of shares of Firm
Stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">The
purchase price payable by the Underwriters for both the Firm Stock and any Option Stock is $74.7189 per share, less, in the case
of the Option Stock, an amount per share equal to any dividends or distributions declared by the Company on its Common Stock and
payable on the Firm Stock but not payable on such Option Stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">The
Company is not obligated to deliver any of the Firm Stock or Option Stock to be delivered on the applicable Delivery Date, except
upon payment for all such Stock to be purchased on such Delivery Date as provided herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Offering
of Stock by the Underwriters</I>. &nbsp;&nbsp;Upon authorization by the Representative of the release of the Firm Stock, the several Underwriters
propose to offer the Firm Stock for sale upon the terms and conditions to be set forth in the Prospectus.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Delivery
of and Payment for the Stock.&nbsp;&nbsp;</I> Delivery of and payment for the Firm Stock shall be made at 10:00&nbsp;A.M., New York City time,
on the third full business day following the date of this Agreement or at such other date or place as shall be determined by agreement
between the Representative and the Company. This date and time are sometimes referred to as the &ldquo;<B><I>Initial Delivery
Date</I></B>&rdquo;. Delivery of the Firm Stock shall be made to the Representative for the account of each Underwriter against
payment by the several Underwriters</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">through
the Representative and of the respective aggregate purchase prices of the Firm Stock being sold by the Company to or upon the
order of the Company of the purchase price by wire transfer in immediately available funds to the accounts specified by the Company.
Time shall be of the essence, and delivery at the time and place specified pursuant to this Agreement is a further condition of
the obligation of each Underwriter hereunder. The Company shall deliver the Firm Stock through the facilities of The Depository
Trust Company (the &ldquo;<B><I>DTC</I></B>&rdquo;) unless the Representative shall otherwise instruct.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">The
option granted in Section 2 will expire 30 days after the date of this Agreement and may be exercised in whole or from time to
time in part by written notice being given to the Company by the Representative; <I>provided</I> that if such date falls on a
day that is not a business day, the option granted in Section 2 will expire on the next succeeding business day. Such notice shall
set forth the aggregate number of shares of Option Stock as to which the option is being exercised, the names in which the shares
of Option Stock are to be registered, the denominations in which the shares of Option Stock are to be issued and the date and
time, as determined by the Representative, when the shares of Option Stock are to be delivered; <I>provided, however</I>, that
this date and time shall not be earlier than the Initial Delivery Date nor earlier than the second business day after the date
on which the option shall have been exercised nor later than the fifth business day after the date on which the option shall have
been exercised. Each date and time the shares of Option Stock are delivered is sometimes referred to as an &ldquo;<B><I>Option
Stock Delivery Date</I></B>&rdquo;, and the Initial Delivery Date and any Option Stock Delivery Date are sometimes each referred
to as a &ldquo;<B><I>Delivery Date</I></B>&rdquo;.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Delivery
of the Option Stock by the Company and payment for the Option Stock by the several Underwriters through the Representative shall
be made at 10:00&nbsp;A.M., New York City time, on the date specified in the corresponding notice described in the preceding paragraph
or at such other date or place as shall be determined by agreement between the Representative and the Company. On each Option
Stock Delivery Date, the Company shall deliver or cause to be delivered the Option Stock to the Representative for the account
of each Underwriter against payment by the several Underwriters through the Representative and of the respective aggregate purchase
prices of the Option Stock being sold by the Company to or upon the order of the Company of the purchase price by wire transfer
in immediately available funds to the accounts specified by the Company. Time shall be of the essence, and delivery at the time
and place specified pursuant to this Agreement is a further condition of the obligation of each Underwriter hereunder. The Company
shall deliver the Option Stock through the facilities of DTC unless the Representative shall otherwise instruct.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Further
Agreements of the Company and the Underwriters</I>. &nbsp;&nbsp;(a) The Company agrees:</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
prepare the Prospectus in a form approved by the Representative and to file such Prospectus pursuant to Rule 424(b) under the
Securities Act not later than the Commission&rsquo;s close of business on the second business day following the execution and
delivery of this Agreement; to make no further amendment or any supplement to the Registration Statement or the Prospectus prior
to the last Delivery Date except as provided herein; to advise the Representative, promptly after it receives notice thereof,
of the time when any amendment or supplement to the Registration Statement or the</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">Prospectus
has been filed and to furnish the Representative with copies thereof; to advise the Representative, promptly after it receives
notice thereof, of the issuance by the Commission of any stop order or of any order preventing or suspending the use of the Prospectus
or any Issuer Free Writing Prospectus, of the suspension of the qualification of the Stock for offering or sale in any jurisdiction,
of the initiation or threatening of any proceeding or examination for any such purpose or of any request by the Commission for
the amending or supplementing of the Registration Statement, the Prospectus or any Issuer Free Writing Prospectus or for additional
information; and, in the event of the issuance of any stop order or of any order preventing or suspending the use of the Prospectus
or any Issuer Free Writing Prospectus or suspending any such qualification, to use promptly its best efforts to obtain its withdrawal.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
deliver promptly to the Representative such number of the following documents as the Representative shall reasonably request:
(A) conformed copies of the Registration Statement as originally filed with the Commission and each amendment thereto (in each
case excluding exhibits other than this Agreement), (B) each Preliminary Prospectus, the Prospectus and any amended or supplemented
Prospectus, (C) each Issuer Free Writing Prospectus, and (D) any document incorporated by reference in any Preliminary Prospectus
or the Prospectus; and, if the delivery of a prospectus is required at any time after the date hereof in connection with the offering
or sale of the Stock or any other securities relating thereto and if at such time any events shall have occurred as a result of
which the Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any
material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made
when such Prospectus is delivered, not misleading, or, if for any other reason it shall be necessary to amend or supplement the
Prospectus in order to comply with the Securities Act, to notify the Representative and, upon its request, to file such document
and to prepare and furnish without charge to each Underwriter and to any dealer in securities as many copies as the Representative
may from time to time reasonably request of an amended or supplemented Prospectus that will correct such statement or omission
or effect such compliance.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
file promptly with the Commission any amendment or supplement to the Registration Statement or the Prospectus that may, in the
judgment of the Company or the Representative, be required by the Securities Act or requested by the Commission.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
any time during the period when a prospectus is required by the Securities Act to be delivered (whether physically or through
compliance with Rule 172 under the Securities Act or any similar rule) in connection with any sale of the Stock, before amending
or supplementing the Registration Statement or the Prospectus, including through any report filed under the Exchange Act, to furnish
a copy of each such proposed amendment or supplement to the Representative and counsel for the Underwriters and not to file any
such proposed amendment or supplement to which the Representative reasonably objects.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
to make any offer relating to the Stock that would constitute an Issuer Free Writing Prospectus without the prior written consent
of the Representative.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
comply with all applicable requirements of Rule 433 under the Securities Act with respect to any Issuer Free Writing Prospectus.
If at any time after the date hereof any events shall have occurred as a result of which any Issuer Free Writing Prospectus, as
then amended or supplemented, would conflict with the information in the Registration Statement, the most recent Preliminary Prospectus
or the Prospectus or would include an untrue statement of a material fact or omit to state any material fact necessary in order
to make the statements therein, in the light of the circumstances under which they were made, not misleading, or, if for any other
reason it shall be necessary to amend or supplement any Issuer Free Writing Prospectus, to notify the Representative and, upon
its request, to file such document and to prepare and furnish without charge to each Underwriter as many copies as the Representative
may from time to time reasonably request of an amended or supplemented Issuer Free Writing Prospectus that will correct such conflict,
statement or omission or effect such compliance.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company will make generally available to the Company&rsquo;s security holders as soon as practicable, but in no event later than
15 months after the end of the Company&rsquo;s current fiscal quarter, an earnings statement of the Company and its subsidiaries
(which need not be audited) complying with Section 11(a) of the Securities Act and the rules and regulations thereunder (including,
at the option of the Company, Rule 158).</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Promptly
from time to time to take such action as the Representative may reasonably request to qualify the Stock for offering and sale
under the securities or Blue Sky laws of Canada and such other jurisdictions as the Representative may reasonably request and
to comply with such laws so as to permit the continuance of sales and dealings therein in such jurisdictions for as long as may
be necessary to complete the distribution of the Stock; <I>provided</I> that in connection therewith the Company shall not be
required to (i) qualify as a foreign corporation in any jurisdiction in which it would not otherwise be required to so qualify,
(ii) file a general consent to service of process in any such jurisdiction, or (iii) subject itself to taxation in any jurisdiction
in which it would not otherwise be subject.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
a period commencing on the date hereof and ending on the 90th day after the date of the Prospectus (the &ldquo;<B><I>Lock-Up Period</I></B>&rdquo;),
not to, directly or indirectly, (A) offer for sale, sell, pledge, or otherwise dispose of (or enter into any transaction or device
that is designed to, or could be expected to, result in the disposition by any person at any time in the future of) any shares
of Common Stock or securities convertible into or exercisable or exchangeable for Common Stock (other than (i) the Stock, (ii)
the shares issued pursuant to employee benefit plans, qualified stock option plans, stock incentive plans or other employee compensation
plans or arrangements existing on the date hereof and (iii) shares of Common Stock or other securities issued in connection with
acquisitions, strategic partnerships or lending, leasing or other commercial transactions, provided that, in each case, the recipient
of such shares of Common Stock or other securities are subject to substantially the same restrictions as those contained in this
Section 5(ix) and such issuances shall not be greater than 10% of the total number of shares of the Common Stock issued and outstanding
immediately following the issuance</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">of
the Stock pursuant to this Agreement), or sell or grant options, rights or warrants with respect to any shares of Common Stock
or securities convertible into or exchangeable for Common Stock (other than the grant of options or restricted stock units pursuant
to option plans existing on the date hereof or the issuance of shares of Common Stock or other securities issued pursuant to currently
outstanding options, warrants or rights issued under one of those plans), (B) enter into any swap or other derivatives transaction
that transfers to another, in whole or in part, any of the economic benefits or risks of ownership of such shares of Common Stock,
whether any such transaction described in clause (A) or (B) above is to be settled by delivery of Common Stock or other securities,
in cash or otherwise, (C) file or cause to be filed a registration statement, including any amendments thereto, with respect to
the registration of any shares of Common Stock or securities convertible, exercisable or exchangeable into Common Stock or any
other securities of the Company (other than any registration statement on Form S-8), or (D) publicly disclose the intention to
do any of the foregoing, in each case without the prior written consent of Barclays Capital Inc., on behalf of the Underwriters,
in the form of Annex A hereto, and to cause each officer and director of the Company set forth on Schedule II hereto to furnish
to the Representative, prior to the Initial Delivery Date, a letter or letters, substantially in the form of Exhibit A hereto
(the &ldquo;<B><I>Lock-Up Agreements</I></B>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
apply the net proceeds from the sale of the Stock being sold by the Company substantially in accordance with the description as
set forth in the Prospectus under the caption &ldquo;Use of Proceeds.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(xi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the Company elects to rely upon Rule 462(b) under the Securities Act, the Company shall file a Rule 462(b) Registration Statement
with the Commission in compliance with Rule 462(b) under the Securities Act by 10:00 P.M., Washington, D.C. time, on the date
of this Agreement, and the Company shall at the time of filing pay the Commission the filing fee for the Rule 462(b) Registration
Statement.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(xii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company and its affiliates will not take, directly or indirectly, any action designed to or that has constituted or that reasonably
would be expected to cause or result in the stabilization or manipulation of the price of any security of the Company in connection
with the offering of the Stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(xiii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company will do and perform all things required or necessary to be done and performed under this Agreement by it prior to each
Delivery Date, and to satisfy all conditions precedent to the Underwriters&rsquo; obligations hereunder to purchase the Stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
Underwriter severally agrees that such Underwriter shall not include any &ldquo;issuer information&rdquo; (as defined in Rule
433 under the Securities Act) in any &ldquo;free writing prospectus&rdquo; (as defined in Rule 405 under the Securities Act) used
or referred to by such Underwriter without the prior consent of the Company (any such issuer information with respect to whose
use the Company has given its consent, &ldquo;<B><I>Permitted Issuer Information</I></B>&rdquo;); <I>provided</I> that (i) no
such consent shall be required with respect to any such issuer information contained in any document filed by the Company with
the Commission prior to the use of such free writing</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">prospectus,
and (ii) &ldquo;issuer information&rdquo;, as used in this Section 5(b), shall not be deemed to include information prepared by
or on behalf of such Underwriter on the basis of or derived from issuer information.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Expenses.&nbsp;&nbsp;
</I>The Company agrees, whether or not the transactions contemplated by this Agreement are consummated or this Agreement is terminated,
to pay all expenses, costs, fees and taxes incident to and in connection with (a) the authorization, issuance, sale and delivery
of the Stock and any stamp duties or other taxes payable in that connection, and the preparation and printing of certificates
for the Stock; (b) the preparation, printing and filing under the Securities Act of the Registration Statement (including any
exhibits thereto), any Preliminary Prospectus, the Prospectus, any Issuer Free Writing Prospectus, and any amendment or supplement
thereto; (c) the distribution of the Registration Statement (including any exhibits thereto), any Preliminary Prospectus, the
Prospectus, any Issuer Free Writing Prospectus, and any amendment or supplement thereto, or any document incorporated by reference
therein, all as provided in this Agreement; (d) the printing and distribution of this Agreement, any supplemental agreement among
Underwriters, and any other related documents in connection with the offering, purchase, sale and delivery of the Stock; (e) the
inclusion of the Stock on The NASDAQ Global Select Market and/or any other exchange; (f) the qualification of the Stock under
the securities laws of the several jurisdictions as provided in Section 5(a)(viii) and the preparation, printing and distribution
of a Blue Sky Memorandum (including related fees and expenses of counsel to the Underwriters); (g) the preparation, printing and
distribution of one or more versions of the Preliminary Prospectus and the Prospectus for distribution in Canada, including in
the form of a Canadian &ldquo;wrapper&rdquo; (including related fees and expenses of Canadian counsel to the Underwriters); (h)
the investor presentations on any &ldquo;road show&rdquo; undertaken in connection with the marketing of the Stock, including,
without limitation, expenses associated with any electronic road show, travel and lodging expenses of the representatives and
officers of the Company and the cost of any aircraft chartered in connection with the road show; and (i) all other costs and expenses
incident to the performance of the obligations of the Company under this Agreement; <I>provided</I> that, except as provided in
this Section 6 and in Section 11, the Underwriters shall pay their own costs and expenses, including the costs and expenses of
their counsel, any transfer taxes on the Stock which they may sell and the expenses of advertising any offering of the Stock made
by the Underwriters.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Conditions
of Underwriters&rsquo; Obligations</I>. &nbsp;&nbsp;The respective obligations of the Underwriters hereunder are subject to the accuracy,
when made and on each Delivery Date, of the representations and warranties of the Company contained herein, to the performance
by the Company of its obligations hereunder, and to each of the following additional terms and conditions:</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Prospectus shall have been timely filed with the Commission in accordance with Section 5(a)(i). The Company shall have complied
with all filing requirements applicable to any Issuer Free Writing Prospectus used or referred to after the date hereof; no stop
order suspending the effectiveness of the Registration Statement or preventing or suspending the use of the Prospectus or any
Issuer Free Writing Prospectus shall have been issued and no proceeding or examination for such purpose shall have been initiated
or threatened by the Commission; and any request of the Commission for inclusion of additional information in the Registration</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">Statement
or the Prospectus or otherwise shall have been complied with. If the Company has elected to rely upon Rule 462(b) under the Securities
Act, the Rule 462(b) Registration Statement shall have become effective by 10:00 P.M., Washington, D.C. time, on the date of this
Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
Underwriter shall have discovered and disclosed to the Company on or prior to such Delivery Date that the Registration Statement,
the Prospectus or the Pricing Disclosure Package, or any amendment or supplement thereto, contains an untrue statement of a fact
which, in the opinion of Latham &amp; Watkins LLP, counsel for the Underwriters, is material or omits to state a fact which, in
the opinion of such counsel, is material and is required to be stated therein or is necessary to make the statements therein not
misleading.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
corporate proceedings and other legal matters incident to the authorization, form and validity of this Agreement, the Stock, the
Registration Statement, the Prospectus and any Issuer Free Writing Prospectus, and all other legal matters relating to this Agreement
and the transactions contemplated hereby shall be reasonably satisfactory in all material respects to counsel for the Underwriters,
and the Company shall have furnished to such counsel all documents and information that they may reasonably request to enable
them to pass upon such matters.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fulbright
&amp; Jaworski LLP shall have furnished to the Representative its written opinion, as counsel to the Company, addressed to the
Underwriters and dated such Delivery Date, in form and substance reasonably satisfactory to the Representative, substantially
in the form attached hereto as Exhibit B.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Representative shall have received from Latham &amp; Watkins LLP, counsel for the Underwriters, such opinion or opinions, dated
such Delivery Date, with respect to the issuance and sale of the Stock, the Registration Statement, the Prospectus and the Pricing
Disclosure Package and other related matters as the Representative may reasonably require, and the Company shall have furnished
to such counsel such documents as they reasonably request for the purpose of enabling them to pass upon such matters.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
the time of execution of this Agreement, the Representative shall have received from Ernst &amp; Young LLP a letter, in form and
substance satisfactory to the Representative, addressed to the Underwriters and dated the date hereof (i) confirming that they
are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements
relating to the qualification of accountants under Rule&nbsp;2-01 of Regulation S-X of the Commission, and (ii) stating, as of
the date hereof (or, with respect to matters involving changes or developments since the respective dates as of which specified
financial information is given in the most recent Preliminary Prospectus, as of a date not more than three days prior to the date
hereof), the conclusions and findings of such firm with respect to the financial information and other matters ordinarily covered
by accountants&rsquo; &ldquo;comfort letters&rdquo; to underwriters in connection with registered public offerings.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With
respect to the letter of Ernst &amp; Young LLP referred to in the preceding paragraph and delivered to the Representative concurrently
with the execution of this Agreement (the &ldquo;<B><I>initial letter</I></B>&rdquo;), the Company shall have furnished to the
Representative a letter (the &ldquo;<B><I>bring-</I></B></FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B><I>down
letter</I></B>&rdquo;) of such accountants, addressed to the Underwriters and dated such Delivery Date (i)&nbsp;confirming that
they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements
relating to the qualification of accountants under Rule 2-01 of Regulation S-X of the Commission, (ii)&nbsp;stating, as of the
date of the bring-down letter (or, with respect to matters involving changes or developments since the respective dates as of
which specified financial information is given in the Prospectus, as of a date not more than three days prior to the date of the
bring-down letter), the conclusions and findings of such firm with respect to the financial information and other matters covered
by the initial letter, and (iii)&nbsp;confirming in all material respects the conclusions and findings set forth in the initial
letter.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company shall have furnished to the Representative a certificate, dated such Delivery Date, of its Chief Executive Officer and
its Chief Financial Officer as to such matters as the Representative may reasonably request, including, without limitation, a
statement:</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That
the representations, warranties and agreements of the Company in Section&nbsp;1 are true and correct in all material respects
(except to the extent already qualified by materiality, in which case such representations, warranties and agreements shall be
true and correct in all respects) on and as of such Delivery Date, and the Company has complied with all its agreements contained
herein and satisfied all the conditions on its part to be performed or satisfied hereunder at or prior to such Delivery Date;</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That
no stop order suspending the effectiveness of the Registration Statement has been issued; and no proceedings or examination for
that purpose have been instituted or, to the knowledge of such officers, threatened; and the Commission shall not have notified
the Company of any objection to the use of the form of the Registration Statement or any post-effective amendment thereto; and</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That
they have examined the Registration Statement, the Prospectus and the Pricing Disclosure Package, and, in their opinion, (A) (1)
the Registration Statement, as of the Effective Date, (2) the Prospectus, as of its date and on the applicable Delivery Date,
and (3) the Pricing Disclosure Package, as of the Applicable Time, did not and do not contain any untrue statement of a material
fact and did not and do not omit to state a material fact required to be stated therein or necessary to make the statements therein
(except in the case of the Registration Statement, in the light of the circumstances under which they were made) not misleading,
and (B) since the Effective Date, no event has occurred that should have been set forth in a supplement or amendment to the Registration
Statement, the Prospectus or any Issuer Free Writing Prospectus that has not been so set forth.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Except as described in the most recent Preliminary Prospectus, (i) neither the Company nor any of its subsidiaries shall have
sustained, since the date of the latest audited financial statements included or incorporated by reference in the most recent
Preliminary Prospectus, any loss or interference with its business from fire, explosion, flood or other calamity, whether or not
covered by insurance, or from any labor dispute or court or governmental action, order or decree, or (ii) since such date there
shall not have been any change</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">in
the capital stock (other than annual grants of restricted stock units to non-employee directors and an additional grant of restricted
stock units to the lead independent director) or long-term debt of the Company or any of its subsidiaries or any change, or any
development involving a prospective change, in or affecting the condition (financial or otherwise), results of operations, stockholders&rsquo;
equity, properties, management, business or prospects of the Company and its subsidiaries taken as a whole, the effect of which,
in any such case described in clause (i) or (ii), is, individually or in the aggregate, in the judgment of the Representative,
so material and adverse as to make it impracticable or inadvisable to proceed with the public offering or the delivery of the
Stock being delivered on such Delivery Date on the terms and in the manner contemplated in the Prospectus.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subsequent
to the execution and delivery of this Agreement there shall not have occurred any of the following: (i) (A) trading in securities
generally on any securities exchange that has registered with the Commission under Section 6 of the Exchange Act (including the
New York Stock Exchange, The NASDAQ Global Select Market, The NASDAQ Global Market or The NASDAQ Capital Market), or (B) trading
in any securities of the Company on any exchange or in the over-the-counter market, shall have been suspended or materially limited
or the settlement of such trading generally shall have been materially disrupted or minimum prices shall have been established
on any such exchange or such market by the Commission, by such exchange or by any other regulatory body or governmental authority
having jurisdiction, (ii) a general moratorium on commercial banking activities shall have been declared by federal or state authorities,
(iii) the United States shall have become engaged in hostilities, there shall have been a material escalation in hostilities involving
the United States or there shall have been a declaration of a national emergency or war by the United States, or (iv) there shall
have occurred such a material adverse change in general economic, political or financial conditions, including, without limitation,
as a result of terrorist activities after the date hereof (or the effect of international conditions on the financial markets
in the United States shall be such) or any other calamity or crisis either within or outside the United States, as to make it,
in the judgment of the Representative, impracticable or inadvisable to proceed with the public offering or delivery of the Stock
being delivered on such Delivery Date on the terms and in the manner contemplated in the Prospectus.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
issuance, the Stock will be listed on The NASDAQ Global Select Market.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Lock-Up Agreements between the Representative and the officers and directors of the Company set forth on Schedule II, delivered
to the Representative on or before the date of this Agreement, shall be in full force and effect on such Delivery Date.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
or prior to each Delivery Date, the Company shall have furnished to the Underwriters such further certificates and documents as
the Representative may reasonably request.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">All
opinions, letters, evidence and certificates mentioned above or elsewhere in this Agreement shall be deemed to be in compliance
with the provisions hereof only if they are in form and substance reasonably satisfactory to counsel for the Underwriters.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Indemnification
and Contribution.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company hereby agrees to indemnify and hold harmless each Underwriter, its affiliates, directors, officers and employees and each
person, if any, who controls any Underwriter within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange
Act, from and against any loss, claim, damage or liability, joint or several, or any action in respect thereof (including, but
not limited to, any loss, claim, damage, liability or action relating to purchases and sales of Stock), to which that Underwriter,
affiliate, director, officer, employee or controlling person may become subject, under the Securities Act or otherwise, insofar
as such loss, claim, damage, liability or action arises out of, or is based upon, (i) any untrue statement or alleged untrue statement
of a material fact contained in (A) any Preliminary Prospectus, the Registration Statement, the Prospectus or in any amendment
or supplement thereto, (B) any Issuer Free Writing Prospectus or in any amendment or supplement thereto, (C) any Permitted Issuer
Information used or referred to in any &ldquo;free writing prospectus&rdquo; (as defined in Rule 405 under the Securities Act)
used or referred to by any Underwriter, (D) any materials or information provided to investors by, or with the approval of, the
Company in connection with the marketing of the offering of the Stock, including any &ldquo;road show&rdquo; (as defined in Rule
433 under the Securities Act) not constituting an Issuer Free Writing Prospectus (&ldquo;<B><I>Marketing Materials</I></B>&rdquo;),
or (E) any Blue Sky application or other document prepared or executed by the Company (or based upon any written information furnished
by the Company for use therein) specifically for the purpose of qualifying any or all of the Stock under the securities laws of
any state or other jurisdiction (any such application, document or information being hereinafter called a &ldquo;<B><I>Blue Sky
Application</I></B>&rdquo;) or (ii) the omission or alleged omission to state in any Preliminary Prospectus, the Registration
Statement, the Prospectus, any Issuer Free Writing Prospectus or in any amendment or supplement thereto or in any Permitted Issuer
Information, any Marketing Materials or any Blue Sky Application, any material fact required to be stated therein or necessary
to make the statements therein not misleading, and shall reimburse each Underwriter and each such affiliate, director, officer,
employee or controlling person promptly upon demand for any legal or other expenses reasonably incurred by that Underwriter, affiliate,
director, officer, employee or controlling person in connection with investigating or defending or preparing to defend against
any such loss, claim, damage, liability or action as such expenses are incurred; <I>provided</I>, <I>however</I>, that the Company
shall not be liable in any such case to the extent that any such loss, claim, damage, liability or action arises out of, or is
based upon, any untrue statement or alleged untrue statement or omission or alleged omission made in any Preliminary Prospectus,
the Registration Statement, the Prospectus, any Issuer Free Writing Prospectus or in any such amendment or supplement thereto
or in any Permitted Issuer Information, any Marketing Materials or any Blue Sky Application, in reliance upon and in conformity
with written information concerning such Underwriter furnished to the Company through the Representative by or on behalf of any
Underwriter specifically for inclusion therein, which information consists solely of the information specified in Section 8(e).
The foregoing indemnity agreement is in addition to any liability which the Company may otherwise have to any Underwriter or to
any affiliate, director, officer, employee or controlling person of that Underwriter.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
Underwriter, severally and not jointly, shall indemnify and hold harmless the Company, its directors, officers and employees,
and each person, if any, who controls the</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">Company
within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, from and against any loss, claim, damage
or liability, joint or several, or any action in respect thereof, to which the Company or any such director, officer, employee
or controlling person may become subject, under the Securities Act or otherwise, insofar as such loss, claim, damage, liability
or action arises out of, or is based upon, (i) any untrue statement or alleged untrue statement of a material fact contained in
any Preliminary Prospectus, the Registration Statement, the Prospectus, any Issuer Free Writing Prospectus or in any amendment
or supplement thereto or in any Marketing Materials or Blue Sky Application, or (ii) the omission or alleged omission to state
in any Preliminary Prospectus, the Registration Statement, the Prospectus, any Issuer Free Writing Prospectus or in any amendment
or supplement thereto or in any Marketing Materials or Blue Sky Application, any material fact required to be stated therein or
necessary to make the statements therein not misleading, and shall reimburse the Company and each such director, officer, employee
or controlling person promptly upon demand for any legal or other expenses reasonably incurred by the Company or that director,
officer, employee or controlling person in connection with investigating or defending or preparing to defend against any such
loss, claim, damage, liability or action as such expenses are incurred, but in each case only to the extent that the untrue statement
or alleged untrue statement or omission or alleged omission was made in reliance upon and in conformity with written information
concerning such Underwriter furnished to the Company through the Representative by or on behalf of that Underwriter specifically
for inclusion therein, which information is limited to the information set forth in Section 8(e). The foregoing indemnity agreement
is in addition to any liability that any Underwriter may otherwise have to the Company or any such director, officer, employee
or controlling person.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Promptly
after receipt by an indemnified party under this Section 8 of notice of any claim or the commencement of any action, the indemnified
party shall, if a claim in respect thereof is to be made against the indemnifying party under this Section 8, notify the indemnifying
party in writing of the claim or the commencement of that action; <I>provided</I>,<I> however</I>, that the failure to notify
the indemnifying party shall not relieve it from any liability which it may have under this Section 8 except to the extent it
has been materially prejudiced (through the forfeiture of substantive rights and defenses) by such failure and, <I>provided</I>,
<I>further</I>, that the failure to notify the indemnifying party shall not relieve it from any liability which it may have to
an indemnified party otherwise than under this Section 8. If any such claim or action shall be brought against an indemnified
party, and it shall notify the indemnifying party thereof, the indemnifying party shall be entitled to participate therein and,
to the extent that it wishes, jointly with any other similarly notified indemnifying party, to assume the defense thereof with
counsel reasonably satisfactory to the indemnified party. After notice from the indemnifying party to the indemnified party of
its election to assume the defense of such claim or action, the indemnifying party shall not be liable to the indemnified party
under this Section 8 for any legal or other expenses subsequently incurred by the indemnified party in connection with the defense
thereof other than reasonable costs of investigation; <I>provided, however</I>, that the indemnified party shall have the right
to employ counsel to represent jointly the indemnified party and those other indemnified parties and their respective directors,
officers, employees and controlling persons who may be subject to liability arising out of any claim in respect of which indemnity
may be sought under this Section 8 if (i) the indemnified party and the indemnifying party shall have so mutually agreed; (ii)
the indemnifying party has failed within a reasonable</FONT></P>

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<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">time
to retain counsel reasonably satisfactory to the indemnified party; (iii) the indemnified party and its directors, officers, employees
and controlling persons shall have reasonably concluded that there may be legal defenses available to them that are different
from or in addition to those available to the indemnifying party; or (iv) the named parties in any such proceeding (including
any impleaded parties) include both the indemnified parties or their respective directors, officers, employees or controlling
persons, on the one hand, and the indemnifying party, on the other hand, and representation of both sets of parties by the same
counsel would be inappropriate due to actual or potential differing interests between them, and in any such event the fees and
expenses of such separate counsel shall be paid by the indemnifying party. No indemnifying party shall (x)&nbsp;without the prior
written consent of the indemnified parties (which consent shall not be unreasonably withheld), settle or compromise or consent
to the entry of any judgment with respect to any pending or threatened claim, action, suit or proceeding in respect of which indemnification
or contribution may be sought hereunder (whether or not the indemnified parties are actual or potential parties to such claim
or action) unless such settlement, compromise or consent includes an unconditional release of each indemnified party from all
liability arising out of such claim, action, suit or proceeding and does not include a statement as to, or an admission of fault,
culpability or a failure to act by or on behalf of any indemnified party, or (y) be liable for any settlement of any such action
effected without its written consent (which consent shall not be unreasonably withheld), but if settled with the consent of the
indemnifying party or if there be a final judgment for the plaintiff in any such action, the indemnifying party agrees to indemnify
and hold harmless any indemnified party from and against any loss or liability by reason of such settlement or judgment. Notwithstanding
the foregoing sentence, if at any time an indemnified party shall have requested an indemnifying party to reimburse the indemnified
party for fees and expenses of counsel as contemplated by Section 8(a) or 8(b) hereof, the indemnifying party agrees that it shall
be liable for any settlement of any proceeding effected without its written consent if (i) such settlement is entered into more
than 30 days after receipt by such indemnifying party of the aforesaid request and (ii) such indemnifying party shall not have
reimbursed the indemnified party in accordance with such request or disputed in good faith the indemnified party&rsquo;s entitlement
to such reimbursement prior to the date of such settlement.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the indemnification provided for in this Section 8 shall for any reason be unavailable to or insufficient to hold harmless an
indemnified party under Section 8(a) or 8(b) in respect of any loss, claim, damage or liability, or any action in respect thereof,
referred to therein, then each indemnifying party shall, in lieu of indemnifying such indemnified party, contribute to the amount
paid or payable by such indemnified party as a result of such loss, claim, damage or liability, or action in respect thereof,
(i) in such proportion as shall be appropriate to reflect the relative benefits received by the Company, on the one hand, and
the Underwriters, on the other, from the offering of the Stock, or (ii) if the allocation provided by clause (i) above is not
permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause
(i) above but also the relative fault of the Company, on the one hand, and the Underwriters, on the other, with respect to the
statements or omissions that resulted in such loss, claim, damage or liability, or action in respect thereof, as well as any other
relevant equitable considerations. The relative benefits received by the Company, on the one hand, and the Underwriters, on the
other, with respect to such offering shall be deemed to be in the same proportion as the total net proceeds from the offering
of the Stock purchased under this Agreement (before deducting expenses) received by the Company, as </FONT></P>

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<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">set forth in the table on
the cover page of the Prospectus, on the one hand, and the total underwriting discounts and commissions received by the Underwriters
with respect to the shares of the Stock purchased under this Agreement, as set
forth in the table on the cover page of the Prospectus, on the other hand. The relative fault shall be determined by reference
to whether the untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact
relates to information supplied by the Company or the Underwriters, the intent of the parties and their relative knowledge, access
to information and opportunity to correct or prevent such statement or omission. The Company and the Underwriters agree that it
would not be just and equitable if contributions pursuant to this Section 8(d) were to be determined by pro rata allocation (even
if the Underwriters were treated as one entity for such purpose) or by any other method of allocation that does not take into
account the equitable considerations referred to herein. The amount paid or payable by an indemnified party as a result of the
loss, claim, damage or liability, or action in respect thereof, referred to above in this Section 8(d) shall be deemed to include,
for purposes of this Section 8(d), any legal or other expenses reasonably incurred by such indemnified party in connection with
investigating or defending any such action or claim. Notwithstanding the provisions of this Section 8(d), in no event shall an
Underwriter be required to contribute any amount in excess of the amount by which the total underwriting discounts and commissions
received by such Underwriter with respect to the offering of the Stock exceeds the amount of any damages that such Underwriter
has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person
guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution
from any person who was not guilty of such fraudulent misrepresentation. The Underwriters&rsquo; obligations to contribute as
provided in this Section 8(d) are several in proportion to their respective underwriting obligations and not joint.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Underwriters severally confirm and the Company acknowledges and agrees that the statements regarding delivery of shares by the
Underwriters set forth on the cover page of, and the concession figures set forth under the heading &ldquo;Commissions and Expenses&rdquo;
and information appearing under the headings &ldquo;Stabilization, Short Positions and Penalty Bids&rdquo; under the caption &ldquo;Underwriting&rdquo;
in, the most recent Preliminary Prospectus and the Prospectus are correct and constitute the only information concerning such
Underwriters furnished in writing to the Company by or on behalf of the Underwriters specifically for inclusion in any Preliminary
Prospectus, the Registration Statement, the Prospectus, any Issuer Free Writing Prospectus or in any amendment or supplement thereto
or in any Marketing Materials.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Defaulting
Underwriters</I>.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If,
on any Delivery Date, any Underwriter defaults in its obligations to purchase the Stock that it has agreed to purchase under this
Agreement, the remaining non-defaulting Underwriters may in their discretion arrange for the purchase of such Stock by the non-defaulting
Underwriters or other persons satisfactory to the Company on the terms contained in this Agreement. If, within 36 hours after
any such default by any Underwriter, the non-defaulting Underwriters do not arrange for the purchase of such Stock, then the Company
shall be entitled to a further period of 36 hours within which to procure other persons satisfactory to the non-defaulting Underwriters
to purchase such Stock on such terms. In the event that within the respective prescribed periods, the non-defaulting Underwriters
notify the Company that they</FONT></P>

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<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">have
so arranged for the purchase of such Stock, or the Company notifies the non-defaulting Underwriters that it has so arranged for
the purchase of such Stock, either the non-defaulting Underwriters or the Company may postpone such Delivery Date for up to seven
full business days in order to effect any changes that in the opinion of counsel for the Company or counsel for the Underwriters
may be necessary in the Registration Statement, the Prospectus or in any other document or arrangement, and the Company agrees
to promptly prepare any amendment or supplement to the Registration Statement, the Prospectus or in any such other document or
arrangement that effects any such changes. As used in this Agreement, the term &ldquo;Underwriter&rdquo; includes, for all purposes
of this Agreement unless the context requires otherwise, any party not listed in Schedule I hereto that, pursuant to this Section
9, purchases Stock that a defaulting Underwriter agreed but failed to purchase.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If, after giving effect to any arrangements for the purchase of the Stock of a defaulting Underwriter or Underwriters by the
non-defaulting Underwriters and the Company as provided in paragraph (a) above, the total number of shares of the Stock that
remains unpurchased does not exceed one-eleventh of the total number of shares of all the Stock, then the Company shall have
the right to require each non-defaulting Underwriter to purchase the total number of shares of Stock that such Underwriter
agreed to purchase hereunder plus such Underwriter's <U>pro</U> <U>rata</U> share (based on the total number of shares of
Stock that such Underwriter agreed to purchase hereunder) of the Stock of such defaulting Underwriter or Underwriters for
which such arrangements have not been made; <I>provided</I> that the non-defaulting Underwriters shall not be obligated to
purchase more than 110% of the total number of shares of Stock that it agreed to purchase on such Delivery Date pursuant to
the terms of Section 2.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="letter-spacing: -0.15pt">&nbsp;If,
after giving effect to any arrangements for the purchase of the Stock of a defaulting Underwriter or Underwriters by the non-defaulting
Underwriters and the Company as provided in paragraph (a) above, the total number of shares of Stock that remains unpurchased
exceeds one-eleventh of the total number of shares of all the Stock, or if the Company shall not exercise the right described
in paragraph (b) above, then this Agreement shall terminate without liability on the part of the non-defaulting Underwriters.
Any termination of this Agreement pursuant to this Section 9 shall be without liability on the part of the Company, except that
the Company will continue to be liable for the payment of expenses as set forth in Sections&nbsp;6 and 11 and except that the
provisions of Section 8 shall not terminate and shall remain in effect.</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nothing
contained herein shall relieve a defaulting Underwriter of any liability it may have to the Company or any non-defaulting Underwriter
for damages caused by its default.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Termination.
&nbsp;&nbsp;</I>The obligations of the Underwriters hereunder may be terminated by the Representative by notice given to and received by the
Company prior to delivery of and payment for the Firm Stock if, prior to that time, any of the events described in Sections 7(j)
and 7(k) shall have occurred or if the Underwriters shall decline to purchase the Stock for any reason permitted under this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Reimbursement
of Underwriters&rsquo; Expenses.</I> &nbsp;&nbsp;If (a) the Company shall fail to tender the Stock for delivery to the Underwriters for any
reason, or (b) the Underwriters shall decline to purchase the Stock for any reason permitted under this Agreement, the Company
will reimburse the Underwriters for all reasonable out-of-pocket expenses (including fees and</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">disbursements
of counsel for the Underwriters) incurred by the Underwriters in connection with this Agreement and the proposed purchase of the
Stock, and upon demand the Company shall pay the full amount thereof to the Representative. If this Agreement is terminated pursuant
to Section 9 by reason of the default of one or more Underwriters, the Company shall not be obligated to reimburse any defaulting
Underwriter on account of those expenses.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Research
Analyst Independence. &nbsp;&nbsp;</I> The Company acknowledges that the Underwriters&rsquo; research analysts and research departments are
required to be independent from their respective investment banking divisions and are subject to certain regulations and internal
policies, and that such Underwriters&rsquo; research analysts may hold views and make statements or investment recommendations
and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective
investment banking divisions. The Company hereby waives and releases, to the fullest extent permitted by law, any claims that
the Company may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views
expressed by their independent research analysts and research departments may be different from or inconsistent with the views
or advice communicated to the Company by such Underwriters&rsquo; investment banking divisions. The Company acknowledges that
each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws,
may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity
securities of the companies that may be the subject of the transactions contemplated by this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>No
Fiduciary Duty</I>. &nbsp;&nbsp;The Company acknowledges and agrees that in connection with this offering, sale of the Stock or any other
services the Underwriters may be deemed to be providing hereunder, notwithstanding any preexisting relationship, advisory or otherwise,
between the parties or any oral representations or assurances previously or subsequently made by the Underwriters: (a) no fiduciary
or agency relationship between the Company and any other person, on the one hand, and the Underwriters, on the other, exists;
(b) the Underwriters are not acting as advisors, expert or otherwise, to the Company, including, without limitation, with respect
to the determination of the public offering price of the Stock, and such relationship between the Company, on the one hand, and
the Underwriters, on the other, is entirely and solely commercial, based on arms-length negotiations; (c) any duties and obligations
that the Underwriters may have to the Company shall be limited to those duties and obligations specifically stated herein; and
(d) the Underwriters and their respective affiliates may have interests that differ from those of the Company. The Company hereby
waives any claims that the Company may have against the Underwriters with respect to any breach of fiduciary duty in connection
with this offering.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Notices,
etc.</I> &nbsp;&nbsp;All statements, requests, notices and agreements hereunder shall be in writing, and:</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if
to the Underwriters, shall be delivered or sent by mail or facsimile transmission to Barclays Capital Inc., 745 Seventh Avenue,
New York, New York 10019, Attention: Syndicate Registration (Fax: (646) 834-8133), with a copy, in the case of any notice pursuant
to Section 8(c), to the Director of Litigation, Office of the General Counsel, Barclays Capital Inc., 745 Seventh Avenue, New
York, New York 10019;</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if
to the Company, shall be delivered or sent by mail or facsimile transmission to the address of the Company set forth in the Registration
Statement, Attention: Wayne S. Miller (Fax: (212) 791-0921), with a copy to Neil Gold, Esq. and Manny Rivera, Esq. at Fulbright
&amp; Jaworski LLP, 666 Fifth Avenue, New York, New York 10103 (Fax: (212) 318-3400.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Any such statements,
requests, notices or agreements shall take effect at the time of receipt thereof. The Company shall be entitled to act and rely
upon any request, consent, notice or agreement given or made on behalf of the Underwriters by Barclays Capital Inc.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Persons
Entitled to Benefit of Agreement</I>. &nbsp;&nbsp;This Agreement shall inure to the benefit of and be binding upon the Underwriters, the Company
and their respective successors. This Agreement and the terms and provisions hereof are for the sole benefit of only those persons,
except that (a) the representations, warranties, indemnities and agreements of the Company contained in this Agreement shall also
be deemed to be for the benefit of the directors, officers and employees of the Underwriters and each person or persons, if any,
who control any Underwriter within the meaning of Section&nbsp;15 of the Securities Act, and (b) the indemnity agreement of the
Underwriters contained in Section&nbsp;8(b) of this Agreement and the other agreements of the Underwriters contained in this Agreement
shall be deemed to be for the benefit of the directors of the Company, the officers of the Company who have signed the Registration
Statement and any person controlling the Company within the meaning of Section&nbsp;15 of the Securities Act. Nothing in this
Agreement is intended or shall be construed to give any person, other than the persons referred to in this Section 15, any legal
or equitable right, remedy or claim under or in respect of this Agreement or any provision contained herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Survival.
&nbsp;&nbsp;</I>The respective indemnities, representations, warranties and agreements of the Company and the Underwriters contained in this
Agreement or made by or on behalf of them, respectively, pursuant to this Agreement, shall survive the delivery of and payment
for the Stock and shall remain in full force and effect, regardless of any investigation made by or on behalf of any of them or
any person controlling any of them.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Definition
of the Terms &ldquo;Business Day&rdquo;, &ldquo;Affiliate&rdquo; and &ldquo;Subsidiary&rdquo;</I>. &nbsp;&nbsp;For purposes of this Agreement,
(a) &ldquo;<B><I>business day</I></B>&rdquo; means each Monday, Tuesday, Wednesday, Thursday or Friday that is not a day on which
banking institutions in New York are generally authorized or obligated by law or executive order to close, and (b) &ldquo;<B><I>affiliate</I></B>&rdquo;
and &ldquo;<B><I>subsidiary</I></B>&rdquo; have the meanings set forth in Rule&nbsp;405 under the Securities Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Governing
Law</I>. &nbsp;&nbsp;<B>This Agreement shall be governed by and construed in accordance with the laws of the State of New York without regard
to conflict of laws principles (other than Section 5-1401 of the General Obligations Law).</B></FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Waiver
of Jury Trial</I>.&nbsp;&nbsp; The Company and the Underwriters hereby irrevocably waive, to the fullest extent permitted by applicable law,
any and all right to trial by jury in any legal proceeding arising out of or relating to this Agreement or the transactions contemplated
hereby.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Counterparts.
&nbsp;&nbsp;</I>This Agreement may be executed in one or more counterparts and, if executed in more than one counterpart, the executed counterparts
shall each</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">be
deemed to be an original but all such counterparts shall together constitute one and the same instrument.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">21.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Headings.&nbsp;&nbsp;
</I>The headings herein are inserted for convenience of reference only and are not intended to be part of, or to affect the meaning
or interpretation of, this Agreement.</FONT></P>

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<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If
the foregoing correctly sets forth the agreement between the Company and the Underwriters, please indicate your acceptance in
the space provided for that purpose below.</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 3in; letter-spacing: -0.15pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; letter-spacing: -0.15pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman,serif; letter-spacing: -0.15pt"><FONT STYLE="font-size: 10pt">Very truly
    yours,</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; letter-spacing: -0.15pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman,serif; letter-spacing: -0.15pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; letter-spacing: -0.15pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman,serif; letter-spacing: -0.15pt"><FONT STYLE="font-size: 10pt">G-III APPAREL
    GROUP, LTD.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; letter-spacing: -0.15pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; letter-spacing: -0.15pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman,serif; letter-spacing: -0.15pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; letter-spacing: -0.15pt; width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; letter-spacing: -0.15pt; width: 5%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; letter-spacing: -0.15pt; text-align: center; width: 25%"><FONT STYLE="font-size: 10pt">/s/ Neal S. Nackman</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; font-family: Times New Roman,serif; letter-spacing: -0.15pt; text-align: center; width: 20%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; letter-spacing: -0.15pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; letter-spacing: -0.15pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman,serif; letter-spacing: -0.15pt"><FONT STYLE="font-size: 10pt">Name:&nbsp;&nbsp;Neal
    S. Nackman</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; letter-spacing: -0.15pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; letter-spacing: -0.15pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman,serif; letter-spacing: -0.15pt"><FONT STYLE="font-size: 10pt">Title:&nbsp;&nbsp;Chief
    Financial Officer</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 3in; letter-spacing: -0.15pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: right; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->31<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Times New Roman,serif; margin: 0; letter-spacing: -0.15pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 3in; text-align: justify; text-indent: -3in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">Accepted:</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; font-variant: small-caps; letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; font-variant: small-caps; letter-spacing: -0.15pt">Barclays
Capital Inc.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">For itself and as
Representative</FONT><FONT STYLE="font-size: 10pt"><BR>
<FONT STYLE="letter-spacing: -0.15pt">of the several Underwriters named</FONT><BR>
<FONT STYLE="letter-spacing: -0.15pt">in Schedule I hereto</FONT></FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; text-align: justify; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">By:</FONT></TD>
    <TD STYLE="width: 25%; border-bottom: Black 1pt solid; text-align: center; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">/s/
    Marco Valla</FONT></TD>
    <TD STYLE="width: 70%; text-align: justify; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt"><I>Authorized
    Representative</I></FONT></TD>
    <TD STYLE="text-align: justify; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">&nbsp;</FONT></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt"><B>SCHEDULE
I</B></FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; font-size: 8pt">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; font-size: 8pt"><FONT STYLE="font-size: 8pt"><B>Underwriters</B></FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-size: 8pt"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: center; font-size: 8pt"><FONT STYLE="font-size: 8pt"><B>Number&nbsp;of&nbsp;Shares&nbsp;of</B><BR>
    <B>Firm&nbsp;Stock</B></FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-size: 8pt"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 8pt">
    <TD NOWRAP STYLE="font-size: 8pt">&nbsp;</TD><TD NOWRAP STYLE="font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-size: 8pt">&nbsp;</TD><TD NOWRAP STYLE="font-size: 8pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 85%; text-align: left"><FONT STYLE="font-size: 10pt">Barclays Capital Inc.</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 12%; text-align: right"><FONT STYLE="font-size: 10pt">900,000</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Piper Jaffray &amp; Co.</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">225,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">KeyBanc Capital Markets Inc.</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">150,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Brean Capital, LLC</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">105,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Cowen and Company, LLC</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">60,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Stephens Inc.</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">60,000</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">Total</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 10pt">1,500,000</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">&nbsp;</FONT></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: bold 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: bold 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">SCHEDULE
II</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">PERSONS
DELIVERING LOCK-UP AGREEMENTS</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt"><U>Directors</U></FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">Morris Goldfarb</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">Sammy Aaron</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">Thomas J. Brosig</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">Alan Feller</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">Jeffrey Goldfarb</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">Jeanette Nostra</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">Laura Pomerantz</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">Allen Sirkin</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">William van Bokhorst</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">Cheryl Vitali</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">Richard White</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt"><U>Executive Officers</U></FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">Morris Goldfarb</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">Neal S. Nackman</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">Sammy Aaron</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">Wayne S. Miller</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">&nbsp;</FONT></P>


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<P STYLE="font: bold 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: bold 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">SCHEDULE
III</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">ORALLY
CONVEYED PRICING INFORMATION</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">1. $77.63 per share</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">2. 1,500,000 Firm
Stock and 225,000 Option Stock </FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: bold 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><U>SCHEDULE IV</U></FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">ISSUER FREE WRITING PROSPECTUSES
&ndash; ROAD SHOW MATERIALS</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">Electronic road show presentation dated June
23, 2014</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">&nbsp;</FONT></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: bold 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><U>SCHEDULE V</U></FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">ISSUER FREE WRITING PROSPECTUS</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">Electronic road show presentation dated June
23, 2014</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><U>SCHEDULE VI</U></FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">SUBSIDIARIES</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%; font-family: Times New Roman,serif; border-bottom: Black 1pt solid; padding-bottom: 0"><FONT STYLE="font-size: 8pt"><B>Name</B></FONT></TD>
    <TD STYLE="width: 4%; padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="width: 48%; font-family: Times New Roman,serif; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 8pt"><B>Place
    of Incorporation</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">G-III
    Leather Fashions, Inc.</FONT></TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">New
    York</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">AM
    Retail Group, Inc.</FONT></TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">Delaware</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">AM
    Apparel Holdings, Inc.</FONT></TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">Delaware</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">Andrew
    &amp; Suzanne Company Inc.</FONT></TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">New
    York</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">CK
    Outerwear, LLC</FONT></TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">New
    York</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">G-III
    Hong Kong Limited</FONT></TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">Hong
    Kong</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">Kostroma
    Limited</FONT></TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">Hong
    Kong</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">G-III
    Asia, Limited</FONT></TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">Hong
    Kong</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">Hangzhou
    G-III Apparel Trading Co., Ltd</FONT></TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">People&rsquo;s
    Republic of China</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">G-III
    License Company, LLC</FONT></TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">Delaware</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">G-III
    Apparel Canada ULC</FONT></TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">British
    Columbia, Canada</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">Riviera
    Sun, Inc.</FONT></TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">Delaware</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">VBQ
    LLC</FONT></TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">Delaware</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">VBQ
    Acquisition B.V.</FONT></TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">Netherlands</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">G-III
    Foreign Holdings C.V.</FONT></TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">Netherlands</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">G-III
    Europe Co&ouml;peratief U.A.</FONT></TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">Netherlands</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">Vilebrequin
    International SA</FONT></TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">Switzerland</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">T.R.B.
    International SA</FONT></TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">Switzerland</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">Tropezina
    S.L.</FONT></TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">Spain</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">Lobst
    SAS</FONT></TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">France</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">TRB
    Belgique SPRL</FONT></TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">Belgium</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">Riley SA</FONT></TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 48%; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">Switzerland</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">Sole
    SRL</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">Italy</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">La
    Plage Ltd.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">United
    Kingdom</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">T.R.B.
    Hong Kong Ltd.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">Hong
    Kong</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">TRB
    Macao Ltd.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">Macao</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">Riley
    &amp; Cie S.C.S.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">Monaco</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">TRB
    International SA, succursale Serris</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">France</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">TRB
    International SA, succursale Saint-Barthelemy</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">Saint-Barthelemy</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">TRB
    Portugal, Comercio de Vestuario Unipessoal LDA</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">Portugal</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">G-T
    (International) Fashion Company Limited</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">Hong
    Kong</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">Siena
    Leather Ltd.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">New
    York</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">G-III
    Brands, Ltd.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">Delaware</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">G-III
    Retail Outlets Inc.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">Delaware</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">A.
    Marc &amp; Co., Inc.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">New
    York</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">Ash
    Retail Corp.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">New
    Jersey</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">Ash
    Retail of Easthampton, Inc.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">New
    York</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">Wee
    Beez International Limited</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">Hong
    Kong</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><U>SCHEDULE VII</U></FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">SIGNIFICANT SUBSIDIARIES</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%; font-family: Times New Roman,serif; border-bottom: Black 1pt solid; padding-bottom: 0"><FONT STYLE="font-size: 8pt"><B>Name</B></FONT></TD>
    <TD STYLE="width: 4%; padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="width: 48%; font-family: Times New Roman,serif; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 8pt"><B>Place
    of Incorporation</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">G-III
    Leather Fashions, Inc.</FONT></TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">New
    York</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">AM
    Retail Group, Inc.</FONT></TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">Delaware</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">Vilebrequin
    International SA</FONT></TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">Switzerland</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">Kostroma
    Limited</FONT></TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; padding-bottom: 0"><FONT STYLE="font-size: 10pt">Hong
    Kong</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>EXHIBIT A</B>&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">LOCK-UP LETTER AGREEMENT</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt; font-variant: small-caps">Barclays Capital
Inc.,</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">As Representative of the several</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;Underwriters
named in Schedule I,&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">c/o Barclays Capital Inc.</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">745 Seventh Avenue<BR>
New York, New York 10019</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">Ladies and Gentlemen:</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">The
undersigned understands that you and certain other firms (the &ldquo;<B><I>Underwriters</I></B>&rdquo;) propose to enter into
an Underwriting Agreement (the &ldquo;<B><I>Underwriting Agreement</I></B>&rdquo;) providing for the purchase by the Underwriters
of shares (the &ldquo;<B><I>Stock</I></B>&rdquo;) of Common Stock, par value $0.01 per share (the &ldquo;<B><I>Common Stock</I></B>&rdquo;),
of G-III Apparel Group, Ltd., a Delaware&nbsp;corporation (the &ldquo;<B><I>Company</I></B>&rdquo;), and that the Underwriters
propose to reoffer the Stock to the public (the &ldquo;<B><I>Offering</I></B>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">In
consideration of the execution of the Underwriting Agreement by the Underwriters, and for other good and valuable consideration,
the undersigned hereby irrevocably agrees that, without the prior written consent of Barclays Capital Inc., on behalf of the Underwriters,
the undersigned will not, directly or indirectly, (1) offer for sale, sell, pledge, or otherwise dispose of (or enter into any
transaction or device that is designed to, or could be expected to, result in the disposition by any person at any time in the
future of) any shares of Common Stock (including, without limitation, shares of Common Stock that may be deemed to be beneficially
owned by the undersigned in accordance with the rules and regulations of the Securities and Exchange Commission and shares of
Common Stock that may be issued upon exercise of any options or warrants) or securities convertible into or exercisable or exchangeable
for Common Stock, (2) enter into any swap or other derivatives transaction that transfers to another, in whole or in part, any
of the economic benefits or risks of ownership of shares of Common Stock, whether any such transaction described in clause (1)
or (2) above is to be settled by delivery of Common Stock or other securities, in cash or otherwise,<B><I> </I></B>(3) make any
demand for or exercise any right or cause to be filed a registration statement, including any amendments thereto, with respect
to the registration of any shares of Common Stock or securities convertible into or exercisable or exchangeable for Common Stock
or any other securities of the Company, or (4) publicly disclose the intention to do any of the foregoing for a period commencing
on the date hereof and ending on the 90th day after the date of the Prospectus relating to the Offering (such 90-day period, the
&ldquo;<B><I>Lock-Up Period</I></B>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">The
foregoing paragraph shall not apply to (a) transactions relating to shares of Common Stock or other securities acquired in the
open market after the completion of the offering, (b) transfers of any shares of Common Stock by will or</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: right; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">intestate
succession or to any trust or partnership for the direct or indirect benefit of the undersigned or any member of the immediate
family of the undersigned or bona fide gifts, sales or other dispositions of shares of any class of the Company&rsquo;s capital
stock; <I>provided</I> that it shall be a condition to any transfer pursuant to this clause (b) that (i) the transferee/donee
agrees to be bound by the terms of this Lock-Up Letter Agreement (including, without limitation, the restrictions set forth in
the preceding sentence) to the same extent as if the transferee/donee were a party hereto, (ii) each party (donor, donee, transferor
or transferee) shall not be required by law (including without limitation the disclosure requirements of the Securities Act of
1933, as amended (the <B><I>Securities Act</I></B>&rdquo;), and the Exchange Act) to make, and shall agree to not voluntarily
make, any filing or public announcement of the transfer or disposition prior to the expiration of the 90-day period referred to
above, and (iii) the undersigned notifies Barclays Capital Inc. at least two business days prior to the proposed transfer or disposition,
(c) the exercise of warrants or the exercise of stock options granted pursuant to the Company&rsquo;s stock option/incentive plans
or otherwise outstanding on the date hereof; <I>provided</I>, that the restrictions shall apply to shares of Common Stock issued
upon such exercise, conversion or settlement, (d) the establishment of any contract, instruction or plan that satisfies all of
the requirements of Rule 10b5-1 (a &ldquo;<B><I>Rule 10b5-1 Plan</I></B>&rdquo;) under the Exchange Act; <I>provided</I>, <I>however</I>,
that no sales of Common Stock or securities convertible into, or exchangeable or exercisable for, Common Stock, shall be made
pursuant to a Rule 10b5-1 Plan prior to the expiration of the Lock-Up Period (as the same may be extended pursuant to the provisions
hereof); <I>provided</I> <I>further</I>, that the Company is not required to report the establishment of such Rule 10b5-1 Plan
in any public report or filing with the Commission under the Exchange Act during the lock-up period and does not otherwise voluntarily
effect any such public filing or report regarding such Rule 10b5-1 Plan, (e) any demands or requests for, exercise any right with
respect to, or take any action in preparation of, the registration by the Company under the Act of the undersigned&rsquo;s shares
of Common Stock, provided that no transfer of the undersigned&rsquo;s shares of Common Stock registered pursuant to the exercise
of any such right and no registration statement shall be filed under the Act with respect to any of the undersigned&rsquo;s shares
of Common Stock during the Lock-Up Period and (f) up to [___] shares of Common Stock received by the undersigned pursuant to the
vesting of restricted stock units in existence on the date hereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">In
furtherance of the foregoing, the Company and its transfer agent are hereby authorized to decline to make any transfer of securities
if such transfer would constitute a violation or breach of this Lock-Up Letter Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">It
is understood that, if the Company notifies the Underwriters that it does not intend to proceed with the Offering, if the Underwriting
Agreement does not become effective, or if the Underwriting Agreement (other than the provisions thereof which survive termination)
shall terminate or be terminated prior to payment for and delivery of the Stock, the undersigned will be released from its obligations
under this Lock-Up Letter Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: right; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">The
undersigned understands that the Company and the Underwriters will proceed with the Offering in reliance on this Lock-Up Letter
Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Whether
or not the Offering actually occurs depends on a number of factors, including market conditions. Any Offering will only be made
pursuant to an Underwriting Agreement, the terms of which are subject to negotiation between the Company and the Underwriters.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">This
Lock-Up Letter Agreement shall automatically terminate upon the earliest to occur, if any, of (1) the termination of the Underwriting
Agreement before the sale of any Stock to the Underwriters or (2) July 15, 2014, in the event that the Underwriting Agreement
has not been executed by that date.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt"><I>[Signature
page follows]</I></FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: right; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">The
undersigned hereby represents and warrants that the undersigned has full power and authority to enter into this Lock-Up Letter
Agreement and that, upon request, the undersigned will execute any additional documents necessary in connection with the enforcement
hereof. Any obligations of the undersigned shall be binding upon the heirs, personal representatives, successors and assigns of
the undersigned.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-indent: 2.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">Very truly yours,</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; width: 45%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; width: 3%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; width: 30%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; font-family: Times New Roman,serif; width: 22%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman,serif">&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Name:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman,serif">&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Title:</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">Dated: _______________</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>EXHIBIT B</B></FONT></P>

<P STYLE="font: bold 10pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><U>FORM OF OPINION
OF COMPANY&rsquo;S COUNSEL</U></FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt"><I>Fulbright &amp; Jaworski LLP shall have
furnished to the Underwriters its written opinion, as counsel to the Company, addressed to the Underwriters and dated the Delivery
Date, in form and substance reasonably satisfactory to the Representative, to the effect that:</I></FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
of the Company and its U.S. subsidiaries listed on Schedule A to such opinion (the &ldquo;Applicable Subsidiaries&rdquo;) has
been [duly organized,] is validly existing and is in good standing as a corporation or other business entity under the laws of
its jurisdiction of organization. The Company is duly qualified to do business and in good standing as a foreign corporation or
other business entity in the jurisdictions listed on Schedule A to such opinion. Each of the Company and its Applicable Subsidiaries
has all power and authority necessary to own or hold its properties and conduct the businesses in which it is engaged.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company has an authorized capitalization as set forth in each of the most recent Preliminary Prospectus and the Prospectus, and
all of the issued shares of capital stock of the Company have been duly authorized and validly issued, are fully paid and non-assessable
and free of preemptive rights.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
shares of Stock to be issued and sold by the Company to the Underwriters under the Agreement have been duly authorized and, upon
payment and delivery in accordance with the Agreement, will be validly issued, fully paid and non-assessable and free of preemptive
rights arising from the Certificate of Incorporation and Bylaws of the Company (the &ldquo;<B><I>Governing Documents</I></B>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Agreement has been duly and validly authorized, executed and delivered by the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject
to customary assumptions and qualifications, the execution and delivery of the Underwriting Agreement and the issuance and sale
of the Stock by the Company to you and the other Underwriters pursuant to the Underwriting Agreement do not on the date hereof:</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;violate
the Company&rsquo;s Governing Documents; or</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;result
in the breach of or a default under any of the agreements of the Company or its subsidiaries that were identified to such counsel
by an officer of the Company as being material to the Company and its subsidiaries, taken as a whole, and listed in Exhibit [&#9679;];
or</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;violate
any federal or Delaware statute, rule or regulation, or the court or governmental orders, writs, judgments or decrees specifically
directed to the Company that were identified to such counsel by an officer of the Company as being material to the Company and
its subsidiaries, taken as a whole, and listed in</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">Exhibit
[&#9679;], applicable to the Company or the Delaware General Corporation Law (the &ldquo;<B><I>DGCL</I></B>&rdquo;); or</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;require
any consents, approvals, or authorizations to be obtained by the Company from, or any registrations, declarations or filings to
be made by the Company with, any governmental authority under any federal or Delaware statute, rule or regulation applicable to
the Company or the DGCL that have not been obtained or made.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Registration Statement was declared effective under the Securities Act as of the date and time specified in such opinion, and
the Preliminary Prospectus and the Prospectus was filed with the Commission pursuant to the subparagraph of Rule 424(b) under
the Securities Act specified in such opinion on the date specified therein. To such counsel&rsquo;s knowledge, no stop order suspending
the effectiveness of the Registration Statement has been issued and no proceeding or examination for such purpose has been instituted
or threatened by the Commission.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Registration Statement at June 24, 2014, and the Prospectus, as of its date, each appeared on their face to be appropriately responsive
in all material respects to the applicable form requirements for registration statements on Form S-3 under the Securities Act
and the rules and regulations of the Commission thereunder; it being understood, however, that such counsel expresses no view
with respect to Regulation S-T, XBRL data or the financial statements, schedules, or other financial data, included in, incorporated
by reference in, or omitted from, the Registration Statement or the Prospectus. For purposes of this paragraph, such counsel may
assume that the statements made in the Registration Statement and the Prospectus are correct and complete.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
statements made in each of the most recent Preliminary Prospectus and the Prospectus under the caption &ldquo;Description of Capital
Stock&rdquo;, insofar as they purport to constitute summaries of the terms of the Common Stock (including the Stock), constitute
accurate summaries of the terms of such Common Stock in all material respects.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company is not, and immediately upon receipt of payment for the Securities will not be, an &ldquo;investment company&rdquo; within
the meaning of the Investment Company Act of 1940, as amended.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">In
rendering such opinion, such counsel may state (x) that its opinion is limited to matters governed by the federal laws of the
United States of America, the laws of the State of New York and the Delaware General Corporation Law and (y) that such counsel
is not admitted in the State of Delaware.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Such
counsel shall also have furnished to the Representative a written statement, addressed to the Underwriters and dated the applicable
Delivery Date, in form and substance satisfactory to the Representative, to the effect that (y) such counsel has acted as counsel
to the Company in connection with the sale to Barclays Capital Inc. and the other Underwriters for whom Barclays Capital Inc.
is acting as representative by the Company, of [&#9679;] shares of</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: right; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">common
stock of the Company, par value $0.01 per share, pursuant to the Registration Statement, the most recent Preliminary Prospectus,
the Prospectus, and the Agreement<FONT STYLE="letter-spacing: -0.15pt">, and (z) based on its participation, review and reliance
as described in such written statement, no facts came to the attention of such counsel that caused it to believe that:</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Registration Statement, at the time it became effective pursuant to Rule 430B on June </FONT><FONT STYLE="font-size: 10pt">24,
2014<FONT STYLE="letter-spacing: -0.15pt">, contained an untrue statement of a material fact or omitted to state a material fact
required to be stated therein or necessary to make the statements therein not misleading;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Pricing Disclosure Package</FONT><FONT STYLE="font-size: 10pt">, as of the Applicable Time, <FONT STYLE="letter-spacing: -0.15pt">contained
an untrue statement of a material fact or omitted to state a material fact necessary to make the statements therein, in the light
of the circumstances under which they were made, not misleading; or</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Prospectus, as of its date or as of such Delivery Date, contained or contains an untrue statement of a material fact or omitted
or omits to state a material fact necessary to make the statements therein, in the light of the circumstances under which they
were made, not misleading, </FONT><FONT STYLE="font-size: 10pt">except that in each case such counsel need express no opinion
with respect to the financial statements or other financial or accounting data contained or incorporated by reference in or omitted
from the Registration Statement, the Prospectus or the most recent Preliminary Prospectus<FONT STYLE="letter-spacing: -0.15pt">.
The foregoing opinion and statement may be qualified by a statement to the effect that such counsel does not assume any responsibility
for the accuracy, completeness or fairness of the statements contained in the Registration Statement, the Prospectus or the most
recent Preliminary Prospectus, except to the extent set forth in paragraph (h) above.</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
documents incorporated by reference in the most recent Preliminary Prospectus and the Prospectus (other than the financial statements
and related schedules therein, as to which such counsel need express no opinion), when they were filed with the Commission, complied
as to form in all material respects with the requirements of the Exchange Act and the rules and regulations of the Commission
thereunder; and such counsel has no reason to believe that any of such documents, when such documents were so filed, contained
any untrue statement of a material fact or omitted to state a material fact necessary in order to make the statement therein,
in the light of the circumstances under which they were made when such documents were so filed, not misleading.</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; text-transform: uppercase"><B>Annex
A</B></FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center; text-indent: 0in; color: blue"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center; text-indent: 0in; color: Blue"><FONT STYLE="font-size: 10pt; text-underline-style: double; color: Black"><B>Form
of Waiver of Lock-up</B></FONT><BR>
<BR>
<FONT STYLE="font-size: 10pt; text-underline-style: double; color: Black"><B>[Letterhead of Barclays Capital Inc.]</B></FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center; color: blue"><FONT STYLE="font-size: 10pt; text-underline-style: double; color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center; color: blue"><FONT STYLE="font-size: 10pt; text-underline-style: double; color: Black"><B>G-III
Apparel Group, Ltd.</B></FONT><FONT STYLE="font-size: 10pt"><BR>
<FONT STYLE="text-underline-style: double; color: Black"><B>Public Offering of Common Stock</B></FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 3.75in; text-align: right; text-indent: -0.25in; color: blue"><FONT STYLE="font-size: 10pt; font-weight: normal; text-underline-style: double; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 3.75in; text-align: right; text-indent: -0.25in; color: blue"><FONT STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-underline-style: double; color: Black">[</FONT><FONT STYLE="font-size: 10pt; color: Black"><I>Insert
date</I><FONT STYLE="font-style: normal">]</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; color: blue"><FONT STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-underline-style: double; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; color: blue"><FONT STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-underline-style: double; color: Black">[</FONT><FONT STYLE="font-size: 10pt; color: Black"><I>Insert
Name and Address of </I></FONT><I><FONT STYLE="font-size: 10pt"><BR>
<FONT STYLE="font-weight: normal; text-underline-style: double; color: Black">Officer or Director </FONT><BR>
<FONT STYLE="font-weight: normal; text-underline-style: double; color: Black">Requesting Waiver</FONT></FONT></I><FONT STYLE="font-size: 10pt"><FONT STYLE="color: Black"><FONT STYLE="font-style: normal">]</FONT></FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; color: blue"><FONT STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-underline-style: double; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; color: blue"><FONT STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-underline-style: double; color: Black">Dear
Mr./Ms. [</FONT><FONT STYLE="font-size: 10pt; color: Black"><I>Insert Name</I>]<FONT STYLE="font-style: normal">:</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in; color: blue"><FONT STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-underline-style: double; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in; color: blue"><FONT STYLE="font-size: 10pt; color: Black">This
letter is being delivered to you in connection with the offering by G-III Apparel Group, Ltd. (the &ldquo;<I>Company</I>&rdquo;)
of [&#9679;] shares of common stock, $0.01 par value (the &ldquo;<I>Common Stock</I>&rdquo;), of the Company and the lock-up letter
agreement dated June [___], 2014 (the &ldquo;<I>Lock-Up Agreement</I>&rdquo;), executed by you in connection with such offering,
and your request for a [waiver] [release] dated [___] with respect to [&#9679;] shares of Common Stock (the &ldquo;<I>Shares</I>&rdquo;).</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in; color: blue"><FONT STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-underline-style: double; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in; color: blue"><FONT STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-underline-style: double; color: Black">Barclays
Capital Inc., as representative of the Underwriters (as defined in the Lock-Up Agreement) hereby agrees (subject to the proviso
below) to [waive] [release] the transfer restrictions set forth in the Lock-Up Agreement, but only with respect to the Shares,
effective [____] (the &ldquo;</FONT><FONT STYLE="font-size: 10pt; color: Black"><I>Anticipated Effective Date</I><FONT STYLE="font-style: normal">&rdquo;).
This letter will serve as notice to the Company of the impending [waiver] [release]. </FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in; color: blue"><FONT STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-underline-style: double; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in; color: blue"><FONT STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-underline-style: double; color: Black">Except
as expressly [waived] [released] hereby, the Lock-Up Agreement shall remain in full force and effect. </FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-indent: 0.5in; color: blue"><FONT STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-underline-style: double; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 20pt; text-align: center; text-indent: 0in; color: blue"><FONT STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-underline-style: double; color: Black">Yours
very truly,</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>3
<FILENAME>t1401173_ex5-1.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 5.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%">&nbsp;</td>
    <td style="width: 50%"><IMG SRC="tex5-1logo.jpg" ALT=""></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">Fulbright &amp; Jaworski LLP</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">666 Fifth Avenue, 31st Floor</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">New York, New York&nbsp;&nbsp;10103-3198</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">United States</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">Tel +1 212 318 3000</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">Fax +1 212 318 3400</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">nortonrosefulbright.com</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">June 25, 2014</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">G-III Apparel Group, Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">512 Seventh Avenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">New York, New York 10018</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We have acted as counsel
to G-III Apparel Group, Ltd., a Delaware corporation (the &ldquo;<U>Company</U>&rdquo;), with respect to certain legal matters
in connection with the sale by the Company of up to an aggregate of 1,725,000 shares (the &ldquo;Shares&rdquo;) of the Company&rsquo;s
common stock, $0.01 par value per share (the &ldquo;<U>Common Stock</U>&rdquo;), including up to 225,000 shares that may be purchased
pursuant to an option to purchase additional shares granted to the Underwriters pursuant to a prospectus supplement dated June
24, 2014 (the &ldquo;<U>Prospectus Supplement</U>&rdquo;), supplementing the prospectus dated November 20, 2012 (the &ldquo;<U>Base
Prospectus</U>&rdquo;) that forms part of the Company&rsquo;s Registration Statement on Form S-3 (Registration No. 333-184700)
(the &ldquo;<U>Registration Statement</U>&rdquo;), filed with the Securities and Exchange Commission (the &ldquo;<U>Commission</U>&rdquo;)
under the Securities Act of 1933, as amended (the &ldquo;<U>Securities Act&rdquo;</U>). The Common Stock is to be sold pursuant
to the underwriting agreement (the &ldquo;<U>Underwriting Agreement</U>&rdquo;), dated June 24, 2014, by and between the Company
and Barclays Capital Inc., as representative of the several underwriters named in Schedule I thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We have examined (i)
the Base Prospectus and the Prospectus Supplement, (ii) the Registration Statement, (iii) the executed Underwriting Agreement and
(iv) such records of the Company, other documents and questions of law as we have considered necessary or appropriate for the purposes
of this opinion letter. In our examination of the foregoing documents, we have assumed the genuineness of all signatures and the
authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to
us as certified or photostatic copies, and the authenticity of the originals of such latter documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Based on the foregoing,
and having due regard for such legal considerations as we deem relevant, we are of the opinion that the Shares have been duly and
validly authorized for issuance, and when issued and delivered in accordance with the terms of the Underwriting Agreement, and
upon receipt by the Company of payment of the consideration therefor provided for therein, will be legally issued, fully paid and
nonassessable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Austin
</FONT><FONT STYLE="font-family: Symbol">&middot; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Beijing </FONT><FONT STYLE="font-family: Symbol">&middot;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Dallas </FONT><FONT STYLE="font-family: Symbol">&middot; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Denver
</FONT><FONT STYLE="font-family: Symbol">&middot; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Dubai </FONT><FONT STYLE="font-family: Symbol">&middot;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Hong Kong </FONT><FONT STYLE="font-family: Symbol">&middot; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Houston
</FONT><FONT STYLE="font-family: Symbol">&middot; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">London </FONT><FONT STYLE="font-family: Symbol">&middot;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Los Angeles </FONT><FONT STYLE="font-family: Symbol">&middot; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Minneapolis</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">Munich
</FONT><FONT STYLE="font-family: Symbol">&middot; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">New York </FONT><FONT STYLE="font-family: Symbol">&middot;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Riyadh </FONT><FONT STYLE="font-family: Symbol">&middot; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">San
Antonio </FONT><FONT STYLE="font-family: Symbol">&middot; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">St. Louis
</FONT><FONT STYLE="font-family: Symbol">&middot; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Washington DC</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">G-III Apparel Group, Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">June 25, 2014</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page 2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The foregoing opinion
is limited to the Delaware General Corporation Law (including the applicable provisions of the Delaware Constitution and the reported
judicial decisions interpreting these laws) and we express no opinion as to the effect of the laws of any other jurisdiction, domestic
or foreign.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We hereby consent to
the references to this firm under the caption &ldquo;Legal Matters&rdquo; in the Prospectus Supplement and to the filing of this
opinion as an exhibit to a Current Report on Form 8-K to be filed by the Company on the date hereof, which Form 8-K will be incorporated
by reference in the Registration Statement. By giving such consent, we do not admit that we are within the category of persons
whose consent is required under Section 7 of the Securities Act or the rules and regulations thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%">&nbsp;</td>
    <td style="width: 50%"><font style="font: 10pt Times New Roman, Times, Serif">Very truly yours,</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">/s/ Fulbright &amp; Jaworski LLP</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">Fulbright &amp; Jaworski LLP</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>4
<FILENAME>t1401173_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>Exhibit 99.1</B></FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">Press Release</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>G-III Apparel Group, Ltd. Announces Commencement
of Public Offering of Common Stock</B></FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">NEW YORK, NY, June 23, 2014 &mdash; G-III
Apparel Group, Ltd. (NASDAQ: GIII) today announced that it is offering to sell 1,500,000 shares of its common stock in an underwritten
public offering. The underwriters will have a 30-day option to purchase up to an additional 225,000 shares of common stock from
G-III.</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">G-III intends to use the proceeds of the
offering for general corporate purposes, which may include acquisitions. Pending application of the funds, G-III intends to pay
down outstanding debt under its credit agreement and invest the balance of the net proceeds in short-term, investment grade securities.</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">Barclays Capital Inc. and Piper Jaffray &amp;
Co. are acting as bookrunning managers for the offering. Barclays Capital Inc. will serve as the sole representative of the underwriters
for the offering. KeyBanc Capital Markets Inc., Brean Capital, LLC, Cowen and Company, LLC and Stephens Inc. will serve as co-managers
for the offering.</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">The offering is being made only by means
of a prospectus supplement and accompanying prospectus. Copies of the preliminary prospectus supplement and accompanying prospectus
relating to the offering may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, or by calling (888) 603-5847 or emailing Barclaysprospectus@broadridge.com.</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">A shelf registration relating to the common
stock to be issued by G-III in the offering was filed with the Securities and Exchange Commission (&ldquo;SEC&rdquo;) and is effective.
Copies of the registration statement and the preliminary prospectus supplement and accompanying prospectus can be accessed through
the SEC's website at www.sec.gov.</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">This press release shall not constitute an
offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws
of any such state or jurisdiction.</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">About G-III Apparel Group, Ltd.</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">G-III designs, manufactures and markets an
extensive range of apparel, including outerwear, dresses, sportswear, swimwear, women&rsquo;s suits and women&rsquo;s performance
wear, as well as footwear, luggage and women&rsquo;s handbags, small leather goods and cold weather accessories. It sells its
products under its own proprietary brands, licensed brands and private retail labels.</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt"><I>Statements concerning G-III's business
outlook or future economic performance, anticipated revenues, expenses or other financial items; product introductions and plans
and objectives </I></FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt"><I>&nbsp;&nbsp;</I></FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt"><I>related thereto; and statements concerning
assumptions made or expectations as to any future events, conditions, performance or other matters are &quot;forward-looking statements&quot;
as that term is defined under the federal securities laws. Forward-looking statements are subject to risks, uncertainties and
factors which include, but are not limited to, reliance on licensed product, reliance on foreign manufacturers, risks of doing
business abroad, the current economic and credit environment, the nature of the apparel industry, including changing customer
demand and tastes, customer concentration, seasonality, risks of operating a retail business, customer acceptance of new products,
the impact of competitive products and pricing, dependence on existing management, possible disruption from acquisitions and general
economic conditions, as well as other risks detailed in G-III's filings with the Securities and Exchange Commission. G-III assumes
no obligation to update the information in this release. </I></FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">Investor Relations:</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">James Palczynski, 203-682-8229</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">or</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">G-III Apparel Group, Ltd.</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">Neal S. Nackman, Chief Financial Officer,
212-403-0500</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>5
<FILENAME>t1401173_ex99-2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>Exhibit 99.2</B></FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">Press Release</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>G-III Apparel Group, Ltd. Announces Pricing
of Public Offering of 1.5 Million Shares of Common Stock</B></FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">NEW YORK, NY, June 24, 2014 &mdash; G-III
Apparel Group, Ltd. (NASDAQ: GIII) today announced the pricing of an underwritten public offering of 1.5 million shares of its
common stock at a price to the public of $77.63 per share. G-III has granted the underwriters a 30-day option to purchase up to
an additional 225,000 shares from G-III. The offering is expected to settle and close on June 30, 2014, subject to customary closing
conditions.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">The gross proceeds to G-III from this offering,
after deducting underwriting discounts and other estimated offering expenses, are expected to be approximately $111.8 million.
G-III expects to use the net proceeds of the offering for general corporate purposes, including, among other things, future acquisitions.
Pending application of the funds, G-III intends to pay down outstanding debt under its credit agreement and invest the balance
of the net proceeds in short-term, investment grade securities.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">Barclays Capital Inc. and Piper Jaffray &amp;
Co. are acting as bookrunning managers for the offering. Barclays Capital Inc. will serve as the sole representative of the underwriters
for the offering. KeyBanc Capital Markets Inc., Brean Capital, LLC, Cowen and Company, LLC and Stephens Inc. will serve as co-managers
for the offering.</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">A preliminary prospectus supplement and accompanying
prospectus has been filed with the Securities and Exchange Commission (&ldquo;SEC&rdquo;) and a final prospectus supplement and
accompanying prospectus will be filed with the SEC. When available, copies of the final prospectus supplement and accompanying
prospectus related to the offering may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717, or by calling (888) 603-5847 or emailing Barclaysprospectus@broadridge.com.</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">A shelf registration relating to the common
stock to be issued by G-III in the offering was filed with the SEC and is effective. Copies of the registration statement, the
preliminary prospectus supplement and accompanying prospectus and, when available, the final prospectus supplement and accompanying
prospectus can be accessed through the SEC's website at www.sec.gov.</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">This press release shall not constitute an
offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws
of any such state or jurisdiction.</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">About G-III Apparel Group, Ltd.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">G-III designs, manufactures and markets an
extensive range of apparel, including outerwear, dresses, sportswear, swimwear, women&rsquo;s suits and women&rsquo;s performance
wear, as well as</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">footwear, luggage and women&rsquo;s handbags,
small leather goods and cold weather accessories. It sells its products under its own proprietary brands, licensed brands and
private retail labels.</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt"><I>Statements concerning G-III's business
outlook or future economic performance, anticipated revenues, expenses or other financial items; product introductions and plans
and objectives related thereto; and statements concerning assumptions made or expectations as to any future events, conditions,
performance or other matters are &quot;forward-looking statements&quot; as that term is defined under the federal securities laws.
Forward-looking statements are subject to risks, uncertainties and factors which include, but are not limited to, reliance on
licensed product, reliance on foreign manufacturers, risks of doing business abroad, the current economic and credit environment,
the nature of the apparel industry, including changing customer demand and tastes, customer concentration, seasonality, risks
of operating a retail business, customer acceptance of new products, the impact of competitive products and pricing, dependence
on existing management, possible disruption from acquisitions and general economic conditions, as well as other risks detailed
in G-III's filings with the Securities and Exchange Commission. G-III assumes no obligation to update the information in this
release. </I></FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">Investor Relations:</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">James Palczynski, 203-682-8229</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">or</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">G-III Apparel Group, Ltd.</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">Neal S. Nackman, Chief Financial Officer,
212-403-0500</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
