<SEC-DOCUMENT>0001571049-16-016885.txt : 20160728
<SEC-HEADER>0001571049-16-016885.hdr.sgml : 20160728
<ACCEPTANCE-DATETIME>20160728162844
ACCESSION NUMBER:		0001571049-16-016885
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160722
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Unregistered Sales of Equity Securities
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160728
DATE AS OF CHANGE:		20160728

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:		161790497

	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>t1601856_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 18pt"><B>UNITED
STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>WASHINGTON,
D.C. 20549</B></FONT></P>

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 18pt"><B>FORM
8-K</B></FONT></P>

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

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>CURRENT
REPORT</B></FONT><BR>
<BR>
<FONT STYLE="font-size: 12pt"><B>PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</B></FONT></P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>Date
of Report (Date of earliest event reported): July 22, 2016</B></FONT></P>

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 24pt"><B>G-III
APPAREL GROUP, LTD.</B></FONT></P>

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

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

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<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: 33%; font-size: 10pt; text-align: center; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Delaware</B></FONT><BR>
    <FONT STYLE="font-size: 8pt; font-weight: normal">(State or other jurisdiction</FONT><FONT STYLE="font-size: 8pt"><BR>
    <FONT STYLE="font-weight: normal">of incorporation)</FONT></FONT></TD>
    <TD STYLE="width: 34%; font-size: 10pt; text-align: center; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>0-18183</B></FONT><BR>
    <FONT STYLE="font-size: 8pt; font-weight: normal">(Commission File Number)</FONT></TD>
    <TD STYLE="width: 33%; font-size: 10pt; text-align: center; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>41-1590959</B></FONT><BR>
    <FONT STYLE="font-size: 8pt; font-weight: normal">(IRS Employer</FONT><FONT STYLE="font-size: 8pt"><BR>
    <FONT STYLE="font-weight: normal">Identification No.)</FONT></FONT></TD></TR>
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        <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>512 Seventh Avenue</B></P>
        <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>New
        York, New York</B></FONT><BR>
        <FONT STYLE="font-size: 8pt; font-weight: normal">(Address of principal executive offices)</FONT></P></TD>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: center; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>10018</B></FONT><BR>
    <FONT STYLE="font-size: 8pt; font-weight: normal">(Zip Code)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Not
Applicable</B></FONT><BR>
<FONT STYLE="font-size: 8pt; font-weight: normal; font-style: normal">(Former name or former address, if changed since last report)</FONT></P>

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

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

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

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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: 0 0 0 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: 0; margin-bottom: 0"><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: 0 0 0 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: 0; margin-bottom: 0"><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: 0 0 0 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: 0; margin-bottom: 0"><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>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -1in"><B><I>Stock Purchase Agreement</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">On July<B>&nbsp;</B>22, 2016, G-III Apparel
Group, Ltd. (the &ldquo;<U>Company</U>&rdquo;), entered into a Stock Purchase Agreement (the &ldquo;<U>Stock Purchase Agreement</U>&rdquo;)
with LVMH Moet Hennessy Louis Vuitton Inc. (the &ldquo;<U>Seller</U>&rdquo;), providing for the Company&rsquo;s purchase of all
of the outstanding capital stock of Donna Karan International Inc., a Delaware corporation (&ldquo;<U>DKI</U>&rdquo;), from the
Seller (the &ldquo;<U>DKI Acquisition</U>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Subject to the conditions set forth in the Stock
Purchase Agreement, the closing of the DKI Acquisition (the &ldquo;<U>Closing</U>&rdquo;) is expected to occur in the fourth quarter
of the Company&rsquo;s fiscal year ending January 31, 2017. The purchase price (the &ldquo;<U>Purchase Price</U>&rdquo;) for the
DKI Acquisition will be $650 million, subject to adjustments for Net Financial Debt (as defined in the Stock Purchase Agreement),
Working Capital (as defined in the Stock Purchase Agreement), taxes and other items set forth in the Stock Purchase Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Stock Purchase Agreement provides for the
Purchase Price to be paid by the Company with a combination of (i) cash, (ii) $75 million of newly issued shares of common stock,
par value $0.01 per share of the Company (&ldquo;<U>Common Stock</U>&rdquo;, and such shares, the &ldquo;<U>Consideration Shares</U>&rdquo;)
and (iii) a junior lien secured promissory note in favor of the Seller in the principal amount of $75 million (the &ldquo;<U>Seller
Note</U>&rdquo;). As described under the caption &ldquo;Debt Commitment Letter&rdquo; below, the Company has entered into a Debt
Commitment Letter (as defined below) to fund the cash portion of the Purchase Price.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The number of Consideration Shares to be delivered
to the Seller at the Closing will be based on the volume weighted average price of the Common Stock on the NASDAQ Stock Market
over the five consecutive trading days ending on the trading day immediately preceding the date of the Closing (the &ldquo;<U>Closing
Date</U>&rdquo;). The Company has agreed to enter into a registration rights agreement with the Seller in which it will grant piggyback
registration rights to the Seller with respect to the Consideration Shares for two years following the Closing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Seller Note will bear interest at the rate
of 2% per annum and mature six and one half years after the Closing Date. The Company&rsquo;s obligations under the Seller Note
will be secured by a lien junior to that of the lenders under the Company&rsquo;s Term Facility and New ABL Facility (as defined
below) to be entered into as described under the caption &ldquo;Debt Commitment Letter&rdquo; below.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Stock Purchase Agreement contains customary
and other representations and warranties of each of the Company and the Seller. The Company and the Seller have also agreed to
various pre-Closing covenants in the Stock Purchase Agreement, including, among other things, covenants (a) that the Seller use
commercial reasonable efforts to cause the DK Group&rsquo;s business to be carried on in the ordinary course of business, subject
to specified exceptions; (b) that the Seller and the Company cooperate to obtain the governmental authorizations, consents, orders
and approvals that may be or become necessary for the consummation of the DKI Acquisition, including antitrust approval under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the &ldquo;<U>HSR Act</U>&rdquo;); (c) that the Seller cooperate
in connection with the financing transactions contemplated by the Debt Commitment Letter (as described below); (d) that the Seller
cause to be delivered to the Company audited consolidated financial statements of the DK Group for the fiscal years ended December
31, 2013, 2014 and 2015 (the &ldquo;<U>DK Group Audited Financial Statements</U>&rdquo;) and interim unaudited consolidated financial
statements of the DK Group for specified fiscal periods in 2016 and 2015 (the &ldquo;<U>DK Group Interim Financial Statements</U>&rdquo;),
all prepared in accordance with U.S. generally accepted accounting principles, in compliance with applicable requirements of Regulation
S-X under the Securities Act of 1933, as amended (the &ldquo;<U>Securities Act</U>&rdquo;), and the Securities Exchange Act of
1934, as amended; and (e) restricting the Seller&rsquo;s ability to solicit or</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">encourage any alternative proposals relating to the disposition
of all or any portion of the DK Group or its assets or entering into any agreement or instrument regarding an alternative acquisition
proposal.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">In addition, the Company and the Seller have
agreed to various post-Closing covenants, including, among other things, covenants (a) as to transition services, employee non-solicitation
and employee benefits matters and (b) providing for mutual indemnification with respect to inaccuracies in or breaches of representations
and warranties of the parties and breach or nonfulfillment of covenants and agreements of the parties, and, in the case of the
Seller, indemnification of the Company with respect to specified tax and other liabilities.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The performance and payment of the Seller&rsquo;s
obligations under the Stock Purchase Agreement will be guaranteed by the Seller&rsquo;s parent company, LVMH Mo&euml;t Hennessy
Louis Vuitton SE (&ldquo;<U>Seller Parent</U>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Closing of the DKI Acquisition is subject
to specified closing conditions, including mutual conditions as to the absence of any order from any court or governmental authority
or other legal requirement that makes the Closing and the DKI Acquisition illegal; the expiration or termination of the waiting
period under the HSR Act; having obtained required material approvals under other applicable antitrust laws; the delivery by the
Seller to the Company of the DK Group Audited Financials and an unqualified audit opinion thereon by an accounting firm of national
standing registered with the Public Company Accounting Oversight Board; the delivery of the DK Group Interim Financial Statements;
the truth and correctness of the representations and warranties of the parties, subject to the qualifications specified in the
Stock Purchase Agreement; the delivery by the Company to DKI of funds sufficient to pay off all of the DK Group&rsquo;s financial
debt as of the Closing; and the ability of each of the parties to deliver its required Closing deliverables at or prior to the
Closing. The Stock Purchase Agreement is not subject to a financing condition.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Stock Purchase Agreement may be terminated
by mutual consent of the Company and the Seller or by either the Company or the Seller if the Closing has not occurred by February
1, 2017.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The foregoing summary of the Stock Purchase
Agreement and the transactions contemplated thereby does not purport to be complete and is subject to, and qualified in its entirety
by, the full text of the Stock Purchase Agreement (including the forms of Seller Parent Guaranty, Seller Note and Registration
Rights Agreement attached as exhibits thereto). A copy of the Stock Purchase Agreement (including the forms of Seller Parent Guaranty,
Seller Note and Registration Rights Agreement) is filed as Exhibit 2.1 to this Current Report on Form 8-K and is incorporated herein
by reference.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Stock Purchase Agreement has been attached
to provide investors and security holders with information regarding its terms and is not intended to provide any factual information
about the Company, DKI, the Seller or their respective subsidiaries or affiliates. The representations, warranties and covenants
in the Stock Purchase Agreement were made only for the purposes of such agreement and solely for the benefit of the parties to
such agreement and as of specific dates. Such representations, warranties and covenants may have been made for the purposes of
allocating contractual risk between the parties to the Stock Purchase Agreement instead of establishing these matters as facts,
may or may not have been accurate as of any specific date, and may be subject to important limitations and qualifications (including
exceptions thereto set forth in a Disclosure Schedule agreed to by the contracting parties) and may therefore not be complete.
The representations, warranties and covenants in the Stock Purchase Agreement may also be subject to standards of materiality applicable
to the contracting parties that may differ from those applicable to investors. Investors should not rely on the representations,
warranties and covenants or any descriptions thereof as characterizations of the actual state of facts or condition of the</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Company, DKI, the Seller or their respective subsidiaries or affiliates.
Moreover, information concerning the subject matter of the representations, warranties and covenants may change after the date
thereof, which subsequent information may or may not be fully reflected in public disclosures by the Company or Seller Parent.
Accordingly, investors should read the representations, warranties and covenants in the Stock Purchase Agreement not in isolation
but only in conjunction with the other information about the Company, DKI and the Seller and their respective subsidiaries that
the Company includes in reports, statements and other filings made with the Securities and Exchange Commission (the &ldquo;<U>SEC</U>&rdquo;)
and that Seller Parent includes in reports, statements and other filings made with the Autorit&eacute; des March&eacute;s Financiers.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -1in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Debt
</I></B></FONT><B><I>Commitment Letter</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">In connection with the entry into the Stock
Purchase Agreement, on July 22, 2016, the Company entered into a debt financing commitment letter (the &ldquo;<U>Debt Commitment
Letter</U>&rdquo;) with Barclays Bank PLC and JPMorgan Chase Bank, N.A. (together, the &ldquo;<U>Commitment Parties</U>&rdquo;),
pursuant to which the Commitment Parties committed, subject to the terms and conditions set forth therein, to provide the Company
with an asset-based revolving credit facility and a term loan facility, as further described below:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(1)</TD><TD><I>Asset-based revolving credit facility.</I> A new $525 million aggregate principal amount, five-year senior secured asset-based
revolving credit facility (the &ldquo;<U>New ABL Facility</U>&rdquo;). The New ABL Facility will refinance and replace the Credit
Agreement, dated as of August 6, 2012 (as amended by the Amendment to Credit Agreement dated as of October 1, 2013, and as further
amended, supplemented or otherwise modified from time to time prior to July 22, 2016, the &ldquo;<U>Existing ABL Facility</U>&rdquo;),
by and among the Borrowers and the Loan Guarantors (each as defined therein) party thereto, the lenders from time to time party
thereto, and JPMorgan Chase Bank, N.A., in its capacity as the administrative agent thereunder. The Existing ABL Facility provides
for borrowings of up to $450 million and expires in August 2017.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(2)</TD><TD><I>Term loan facility. </I>A $450 million aggregate principal amount senior secured term loan facility, which may be drawn
on the Closing Date and will mature six years after the Closing Date (the &ldquo;<U>Term Facility</U>&rdquo;).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The proceeds from the borrowing under the Term
Facility will be used, along with proceeds of up to $150 million in borrowings under the New ABL Facility, if drawn, and cash on
hand to pay the cash portion of the Purchase Price. Proceeds of the New ABL Facility will also be used to pay off any outstanding
balance under the Existing ABL Facility. The financing commitments of the Commitment Parties are subject to certain limited conditions
set forth in the Debt Commitment Letter.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Commitment Parties or their affiliates from
time to time have provided in the past and may provide in the future investment banking, commercial lending and financial advisory
services to the Company and its subsidiaries in the ordinary course of business. Barclays Capital Inc., an affiliate of Barclays
Bank PLC, is serving as financial advisor to the Company in connection with the DKI Acquisition.</P>

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


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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.8in; text-align: left"><B>Item 3.02</B></TD><TD STYLE="text-align: justify"><B>Unregistered Sales of Equity Securities.</B></TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">As described under Item 1.01 above (the content
of which is incorporated herein by reference), at the Closing of the DKI Acquisition, the Company will issue the Consideration
Shares to the Seller. The number of Consideration Shares will be determined based on a formula set forth in the Stock Purchase
Agreement and described above. The Consideration Shares will be issued pursuant to the exemption from registration provided under
Regulation D and Section 4(a)(2) of the Securities Act, as a transaction with a single, sophisticated investor not involving a
public offering.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -1in"><B>CAUTIONARY LANGUAGE REGARDING FORWARD-LOOKING
STATEMENTS</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Various statements contained in this Form 8-K
constitute &ldquo;forward-looking statements&rdquo; within the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are based on current expectations and are indicated by words or phrases such as &ldquo;anticipate,&rdquo;
&ldquo;estimate,&rdquo; &ldquo;expect,&rdquo; &ldquo;will,&rdquo; &ldquo;project,&rdquo; &ldquo;we believe,&rdquo; &ldquo;is or
remains optimistic,&rdquo; &ldquo;currently envisions,&rdquo; &ldquo;forecasts,&rdquo; &ldquo;goal&rdquo; and similar words or
phrases and involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements
to be materially different from the future results, performance or achievements expressed in or implied by such forward-looking
statements. Forward-looking statements also include representations of our expectations or beliefs concerning future events that
involve risks and uncertainties. Statements made herein and elsewhere regarding the pending DKI Acquisition are also forward-looking
statements, including statements regarding the anticipated Closing Date of the DKI Acquisition, the source and structure of financing,
management&rsquo;s statements about the effect of the DKI Acquisition on the Company&rsquo;s future business, operations and financial
performance and the Company&rsquo;s ability to successfully integrate the DK Group into its operations. These forward-looking statements
are based on information available at the time the statements are made and/or management&rsquo;s good faith belief as of that time
with respect to future events, and are subject to risks, trends, uncertainties and other facts that could cause actual performance
or results to differ materially from those expressed in or suggested by the forward-looking statements. These risks, trends, uncertainties
and facts include, but are not limited to, risks related to: the parties&rsquo; ability to satisfy closing conditions in the anticipated
time frame or at all; obtaining regulatory approval, including the risk that any approval may be on terms, or subject to conditions,
that are not anticipated; the possibility that the DKI Acquisition does not close; financing the DKI Acquisition; the Company&rsquo;s
ability to realize expected benefits and synergies from the DKI Acquisition; the Company&rsquo;s effective implementation, and
customer acceptance, of its business strategies with respect to the DK Group; disruption from the proposed DKI Acquisition making
it more difficult to maintain relationships with customers, employees or suppliers; the diversion of management time on DKI Acquisition-related
issues; the negative effects of this announcement or the consummation of the DKI Acquisition on the market price of the Company&rsquo;s
Common Stock; unexpected costs, charges or expenses relating to the DKI Acquisition; unknown liabilities; litigation and/or regulatory
actions related to the proposed DKI Acquisition; the Company&rsquo;s indebtedness incurred to acquire the DK Group; continued effectiveness
of the Company&rsquo;s strategic initiatives; other business effects, including the effects of industry, market, economic, political
or regulatory conditions, future exchange or interest rates, changes in tax laws, regulations, rates and policies; and risks, trends,
uncertainties and other facts discussed in the reports that the Company has filed with the SEC. Should one or more of these risks,
trends, uncertainties or facts materialize, or should underlying assumptions prove incorrect, actual results may vary materially
from those indicated or anticipated by the forward-looking statements contained herein. Accordingly, you are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of the date they are made. Forward-looking statements should
not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at,
or by, which such performance or results will be achieved. For a detailed discussion of risks, trends and uncertainties facing
the Company, see the section entitled &ldquo;Risk Factors&rdquo; in</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">the Company&rsquo;s Annual Report on Form 10-K, filed with the SEC
on March 29, 2016, and the risks, trends and uncertainties identified in the Company&rsquo;s other filings with the SEC. The Company
undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 9.01 Financial Statements and Exhibits. </B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; 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: bottom">
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Exhibit</B></FONT><B><FONT STYLE="font-size: 8pt"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">No.</FONT></FONT></B></TD>
    <TD STYLE="width: 2%"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="width: 90%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Exhibit
    Description</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.1*</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stock Purchase Agreement, dated as of July 22, 2016, by and between the Company and LVMH Moet Hennessy Louis Vuitton Inc. (including the exhibits thereto).</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">*Certain schedules and appendices
to this agreement had been omitted pursuant to Item 601(b)(2) of Regulation S-K and the registrant agrees to furnish supplementally
to the SEC a copy of any omitted schedule and/or appendix upon request.</P>

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


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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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: 0 0 0 3.25in">&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>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">G-III APPAREL GROUP, LTD.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 44%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date:&nbsp;&nbsp;July 28, 2016</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Neal S. Nackman</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Neal S. Nackman</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Financial Officer</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in">&nbsp;</P>


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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Exhibit</B></FONT><B><FONT STYLE="font-size: 8pt"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">No.</FONT></FONT></B></TD>
    <TD STYLE="width: 2%"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="width: 90%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Exhibit
    Description</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.1*</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stock Purchase Agreement, dated as of July 22, 2016, by and between the Company and LVMH Moet Hennessy Louis Vuitton Inc. (including the exhibits thereto).</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">*Certain schedules and appendices
to this agreement had been omitted pursuant to Item 601(b)(2) of Regulation S-K and the registrant agrees to furnish supplementally
to the SEC a copy of any omitted schedule and/or appendix upon request.</P>

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


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<DOCUMENT>
<TYPE>EX-2.1
<SEQUENCE>2
<FILENAME>t1601856_ex2-1.htm
<DESCRIPTION>EXHIBIT 2.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Exhibit 2.1</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>STOCK PURCHASE AGREEMENT</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>BY AND BETWEEN</B></P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>LVMH
MOET HENNESSY LOUIS VUITTON Inc.</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>July 22, 2016</B></P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.75pt; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Table
of Contents</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.75pt; text-align: right"><B>&nbsp;</B></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: 7%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 78%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 8%; text-decoration: none; text-align: right; vertical-align: bottom"><B>Page</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="text-transform: uppercase">1.</FONT></TD>
    <TD COLSPAN="2" STYLE="text-decoration: underline"><FONT STYLE="text-transform: uppercase"><I><U>Definitions</U></I></FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="text-transform: uppercase">1</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="text-transform: uppercase">2.</FONT></TD>
    <TD COLSPAN="2" STYLE="text-decoration: underline"><FONT STYLE="text-transform: uppercase"><I><U>Purchase and Sale; Closing</U></I></FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="text-transform: uppercase">15</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>2.1</TD>
    <TD>Purchase and Sale; Closing and Closing Deliverables</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">15</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>2.2</TD>
    <TD>Estimated Measurement Date Balance Sheet Statement</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">18</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>2.3</TD>
    <TD>Payments at Closing</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">18</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>2.4</TD>
    <TD>Preparation and Review of Measurement Date Balance Sheet Statement</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">19</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>2.5</TD>
    <TD>Resolution of Disagreement</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">19</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>2.6</TD>
    <TD>Final Calculation and Payment of Cash Consideration</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">20</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>2.7</TD>
    <TD>Non-Transfer and Reservation of Pre-Closing Privilege</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">21</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="text-transform: uppercase">3.</FONT></TD>
    <TD COLSPAN="2" STYLE="text-decoration: underline"><FONT STYLE="text-transform: uppercase"><I><U>Representations and Warranties regarding Seller and the Company</U></I></FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="text-transform: uppercase">21</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>3.1</TD>
    <TD>Organization, Standing and Power</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">21</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>3.2</TD>
    <TD>Subsidiaries and Other Equity Interests</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">22</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>3.3</TD>
    <TD>Organizational Documents; Books and Records</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">22</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>3.4</TD>
    <TD>Authority and Binding Obligation of Seller</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">23</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>3.5</TD>
    <TD>Capitalization</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">23</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>3.6</TD>
    <TD>Noncontravention</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">23</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>3.7</TD>
    <TD>Financial Statements; Inventory; Undisclosed Liabilities</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">24</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>3.8</TD>
    <TD>Absence of Certain Changes</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">25</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>3.9</TD>
    <TD>Litigation</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">25</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>3.10</TD>
    <TD>Intellectual Property</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">25</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>3.11</TD>
    <TD>Privacy and Data Security Matters</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">27</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>3.12</TD>
    <TD>Interested Party Transactions</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">27</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>3.13</TD>
    <TD>Material Contracts</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">28</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>3.14</TD>
    <TD>Employees</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">30</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>3.15</TD>
    <TD>Title to Property; Sufficiency</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">30</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>3.16</TD>
    <TD>Real Estate</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">31</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>3.17</TD>
    <TD>Environmental Matters</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">32</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>3.18</TD>
    <TD>Taxes</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">32</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>3.19</TD>
    <TD>Employee Benefit Plans</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">35</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>3.20</TD>
    <TD>Employee Matters</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">38</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>3.21</TD>
    <TD>Insurance</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">39</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>3.22</TD>
    <TD>Compliance with Laws and Regulations</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">40</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>3.23</TD>
    <TD>Import and Export Controls</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">40</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>3.24</TD>
    <TD>Foreign Corrupt Practices Act</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">40</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>3.25</TD>
    <TD>Brokers&rsquo; and Finders&rsquo; Fees</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">41</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>3.26</TD>
    <TD>Securities Law Matters</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">41</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>3.27</TD>
    <TD>No Other Representations or Warranties</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">43</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="text-transform: uppercase">4.</FONT></TD>
    <TD COLSPAN="2" STYLE="text-decoration: underline"><FONT STYLE="text-transform: uppercase"><I><U>Representations and Warranties of Purchaser</U></I></FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="text-transform: uppercase">44</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>4.1</TD>
    <TD>Organization, Standing and Power</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">44</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>4.2</TD>
    <TD>Authorization and Binding Obligation of Purchaser</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">44</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>4.3</TD>
    <TD>Noncontravention</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">44</TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.75pt; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Table
of Contents</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.75pt; text-align: center">(continued)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.75pt; text-align: right"><B>&nbsp;</B></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: 7%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 78%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 8%; text-decoration: none; text-align: right; vertical-align: bottom"><B>Page</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>4.4</TD>
    <TD>Litigation</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">45</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>4.5</TD>
    <TD>Financing</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">45</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>4.6</TD>
    <TD>Stock Issuance</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">45</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>4.7</TD>
    <TD>SEC Reports; Financial Statements; Registration Rights</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">46</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>4.8</TD>
    <TD>Capital Structure</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">47</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>4.9</TD>
    <TD>Absence of Certain Changes</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">47</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>4.10</TD>
    <TD>Brokers&rsquo; and Finders&rsquo; Fee</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">47</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>4.11</TD>
    <TD>No Other Representations or Warranties</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">47</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="text-transform: uppercase">5.</FONT></TD>
    <TD COLSPAN="2" STYLE="text-decoration: underline"><FONT STYLE="text-transform: uppercase"><I><U>Conduct Prior to the Closing Date</U></I></FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="text-transform: uppercase">48</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>5.1</TD>
    <TD>Conduct of Business of Company</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">48</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>5.2</TD>
    <TD>Seller Actions</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">51</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="text-transform: uppercase">6.</FONT></TD>
    <TD COLSPAN="2" STYLE="text-decoration: underline"><FONT STYLE="text-transform: uppercase"><I><U>Additional Agreements</U></I></FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="text-transform: uppercase">51</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>6.1</TD>
    <TD>Access to Information</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">51</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>6.2</TD>
    <TD>Confidentiality; Public Disclosure</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">51</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>6.3</TD>
    <TD>Best Efforts; Government Approvals and Financing</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">52</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>6.4</TD>
    <TD>Tax Matters</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">57</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>6.5</TD>
    <TD>Termination of Intercompany Arrangements; Transition Services</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">64</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>6.6</TD>
    <TD>Delivery of Financial Information</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">65</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>6.7</TD>
    <TD>No Solicitation of Other Bids</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">66</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>6.8</TD>
    <TD>Employee Matters</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">66</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>6.9</TD>
    <TD>WARN Act</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">67</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>6.10</TD>
    <TD>KYC</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">68</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>6.14</TD>
    <TD>Lease Matters</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">68</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>6.15</TD>
    <TD>Non-Solicitation</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">69</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="text-transform: uppercase">7.</FONT></TD>
    <TD COLSPAN="2" STYLE="text-decoration: underline"><FONT STYLE="text-transform: uppercase"><I><U>Conditions to the Closing</U></I></FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="text-transform: uppercase">70</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>7.1</TD>
    <TD>Conditions to Obligations of Each Party</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">70</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>7.2</TD>
    <TD>Additional Conditions to the Obligations of Purchaser</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">70</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>7.3</TD>
    <TD>Additional Condition to the Obligations of Seller</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">71</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>7.4</TD>
    <TD>Frustration of Closing Conditions</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">71</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="text-transform: uppercase">8.</FONT></TD>
    <TD COLSPAN="2" STYLE="text-decoration: underline"><FONT STYLE="text-transform: uppercase"><I><U>Termination</U></I></FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="text-transform: uppercase">71</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>8.1</TD>
    <TD>Termination</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">72</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>8.2</TD>
    <TD>Effect of Termination</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">72</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="text-transform: uppercase">9.</FONT></TD>
    <TD COLSPAN="2" STYLE="text-decoration: underline"><FONT STYLE="text-transform: uppercase"><I><U>Indemnification</U></I></FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="text-transform: uppercase">72</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>9.1</TD>
    <TD>Survival of Representations and Warranties</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">72</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>9.2</TD>
    <TD>Indemnification by Seller</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">73</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>9.3</TD>
    <TD>Indemnification by Purchaser</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">74</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>9.4</TD>
    <TD>Limitations of Liability</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">74</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>9.5</TD>
    <TD>Indemnification Claim Procedures</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">76</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>9.6</TD>
    <TD>Defense of Third-Party Claims</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">77</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.75pt; text-align: center"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.75pt; text-align: center"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.75pt; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Table
of Contents</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.75pt; text-align: center">(continued)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.75pt; text-align: right"><B>&nbsp;</B></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: 7%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 78%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 8%; text-decoration: none; text-align: right; vertical-align: bottom"><B>Page</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>9.7</TD>
    <TD>Miscellaneous</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">78</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="text-transform: uppercase">10.</FONT></TD>
    <TD COLSPAN="2" STYLE="text-decoration: underline"><FONT STYLE="text-transform: uppercase"><I><U>General Provisions</U></I></FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="text-transform: uppercase">78</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>10.1</TD>
    <TD>Notices</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">78</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>10.2</TD>
    <TD>Counterparts</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">79</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>10.3</TD>
    <TD>Entire Agreement; Nonassignability; Parties in Interest</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">80</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>10.4</TD>
    <TD>Severability</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">80</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>10.5</TD>
    <TD>Expenses</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">80</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>10.6</TD>
    <TD>Specific Performance</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">80</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>10.7</TD>
    <TD>Confidential Arbitration</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">81</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>10.8</TD>
    <TD>Governing Law; Court of Competent Jurisdiction</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">83</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>10.9</TD>
    <TD>Reliance</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">83</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>10.10</TD>
    <TD>Rules of Construction</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">83</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>10.11</TD>
    <TD>Amendment; Waiver</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">84</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>10.12</TD>
    <TD>Headings</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">84</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>10.13</TD>
    <TD>Exculpation</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">84</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>10.14</TD>
    <TD>No Third Party Beneficiaries</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">85</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">A &ndash; Unpaid Restructuring Costs</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">B &ndash; Certain Liabilities Included in Financial Debt</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">C &ndash; Form of Estimated Measurement Date Balance Sheet Statement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">D &ndash;Section 338(h)(10) Allocation Schedule</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">E &ndash;Section 338(h)(10) Election Schedule</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">F &ndash; Transition Services to be provided by Seller</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">G &ndash; Step Plan for Settlement of DK Group Internal Debt</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">H &ndash; Landlord Consents to be Obtained</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">I &ndash; Special Indemnification Matters</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">A &ndash; Form of Seller Parent Guaranty</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">B &ndash; Form of Junior Lien Secured Promissory Note for Note Consideration</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">C &ndash; Form of Assignment and Assumption Agreement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">D &ndash; Form of Registration Rights Agreement</P>

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


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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This STOCK PURCHASE AGREEMENT
(this &ldquo;<B>Agreement</B>&rdquo;), made and entered into as of July 22, 2016 by and between G-III Apparel Group, Ltd., a Delaware
corporation (&ldquo;<B>Purchaser</B>&rdquo;), and LVMH Moet Hennessy Louis Vuitton Inc., a Delaware corporation (&ldquo;<B>Seller</B>&rdquo;);
Purchaser and Seller each individually as a &ldquo;<B>Party</B>&rdquo; or &ldquo;<B>party</B>&rdquo; and collectively as the &ldquo;<B>Parties</B>&rdquo;
or &ldquo;<B>parties</B>&rdquo;;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, Seller
is the record and beneficial owner of (i) 4,744.473 shares of common stock, par value $0.01 per share, of Donna Karan International
Inc., a Delaware corporation (the &ldquo;<B>Company</B>&rdquo; and such shares, the &ldquo;<B>Common Shares</B>&rdquo;) and (ii)
1,000 shares of preferred stock, par value $0.01 per share, of the Company (such shares, the &ldquo;<B>Preferred Shares</B>&rdquo;,
and together with the Common Shares, the &ldquo;<B>Shares</B>&rdquo;), which Shares represent all of the issued and outstanding
capital stock of the Company; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, upon the
terms and conditions set forth herein, Seller desires to sell to Purchaser, and Purchaser desires to purchase from Seller, all
of the Shares (the &ldquo;<B>Transaction</B>&rdquo;); and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, Purchaser
and Seller desire to make certain representations, warranties, covenants and agreements in connection with the Transaction;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE</B>,
in consideration of the mutual covenants, conditions and agreements set forth herein and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I><U>Definitions</U></I>.&nbsp;&nbsp;As
used in this Agreement, the following terms will have the respective meanings set forth below:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Accounting Principles</B>&rdquo;
means IFRS in effect as of the Company Balance Sheet Date, subject to the IFRS Exceptions, all applied on a going concern basis
consistent with the Company&rsquo;s past practices and methods, including with respect to the Company&rsquo;s practices and methods
regarding inventory depreciation and write-downs, accounts receivable reserves and tax liabilities.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Accounts Receivable</B>&rdquo;<B>
</B>has the meaning set forth in <U>Section 3.7(c)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Acquisition Proposal</B>&rdquo;
has the meaning set forth in <U>Section 6.7(a)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Affiliate</B>&rdquo;
means, with respect to any Person, any other Person directly or indirectly controlling, directly or indirectly controlled by, or
under direct or indirect common control with, such Person or a member of such Person&rsquo;s immediate family; or if such Person
is a partnership or limited liability company, any general partner or managing member, as applicable, of such Person or a Person
controlling any such general partner or managing member, as applicable.&nbsp;&nbsp;For purposes of this definition, &ldquo;<B>control</B>&rdquo;<B>
</B>(including<B> </B>&ldquo;<B>controlled by</B>&rdquo;<B> </B>and &ldquo;<B>under common control </B></P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>with</B>&rdquo;) shall mean the power, directly
or indirectly, to direct or cause the direction of the management and policies of such Person whether through the ownership of
voting securities, by contract or otherwise.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Affiliated Group</B>&rdquo;
means an affiliated group of corporations as defined in Section 1504 of the Code (or any analogous combined, consolidated or unitary
group defined under any Tax laws).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Agreement</B>&rdquo;
has the meaning set forth in the introductory paragraph.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Allocation Schedule</B>&rdquo;
has the meaning set forth in <U>Section 6.4(i)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Annual Financial
Statements</B>&rdquo; has the meaning set forth in <U>Section 3.7(a)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Antitrust Laws</B>&rdquo;
means all statutes, regulations, or requirements of a Governmental Authority (including those outside of the United States) that
are designed to prohibit, restrict or regulate actions having the purpose or effect of monopolization, restraint of trade, or the
lessening of competition, including the HSR Act (as defined below), and the Clayton Antitrust Act of 1914, as amended.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Assignment and
Assumption Agreement</B>&rdquo; has the meaning set forth in <U>Section 2.1(c)(i)(E)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Auditing Firm</B>&rdquo;
has the meaning set forth in <U>Section 6.6</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Basket</B>&rdquo;
has the meaning set forth in <U>Section 9.4(c)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Bond Street Lease</B>&rdquo;
means that certain Lease, dated July 31, 1995, by and among Mid U.K. Limited, as landlord, Jocobs (UK) Limited, as tenant, and
Orthonet Limited, as guarantor, of part basement, ground, first, second and third floors located in the building known as 27 Old
Bond street and 13 Albermarle Street, London, WI, as the same was sold by Jocobs (UK) Limited, as seller, to Donna Karan Company
Stores UK, as buyer, and Donna Karan International Inc., as surety, pursuant to that certain Transfer of Whole/Leasehold, dated
January 20, 1999, as the same may have been modified, amended or otherwise assigned.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Business Day</B>&rdquo;
means a day (i) other than Saturday or Sunday and (ii) on which commercial banks are open for business in the State of New York.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Cap</B>&rdquo;
has the meaning set forth in <U>Section 9.4(c)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Cash</B>&rdquo;
means, as of a given date, the aggregate of the following assets of the DK Group on a consolidated basis determined in accordance
with the Accounting Principles: (i) all cash or cash equivalents, (ii) all marketable securities, (iii) if an asset, the marked-to-market
value of all derivative financial instruments, and (iv) all accrued and capitalized interest relating to the preceding clauses
(i) through (iii) but excluding any restricted cash being held as a security deposit under any Lease.&nbsp;&nbsp;By way of illustration,
if the balance sheet included in <B>Appendix C</B> were used to determine &ldquo;Cash,&rdquo; then the line items notated with
&ldquo;Cash&rdquo; on <B>Appendix C</B> will be included in such determination of &ldquo;Cash.&rdquo;</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Cash Consideration</B>&rdquo;
means (i) the Share Consideration, <I>minus</I> (ii) Seventy Five Million Dollars ($75,000,000) (constituting the amount of the
Note Consideration), and <I>minus</I> (iii) Seventy Five Million Dollars ($75,000,000) (constituting the amount of the G-III Stock
Consideration).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>CERCLA</B>&rdquo;
has the meaning set forth in the definition of &ldquo;Environmental Laws.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Claimant</B>&rdquo;
has the meaning set forth in <U>Section 10.7(c)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Claimed Damages</B>&rdquo;
has the meaning set forth in <U>Section 9.5(a)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Closing</B>&rdquo;
has the meaning set forth in <U>Section 2.1(b)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Closing Date</B>&rdquo;
has the meaning set forth in <U>Section 2.1(b)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Closing Tax Adjustment</B>&rdquo;
has the meaning set forth in <U>Section 6.1</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Code</B>&rdquo;
means the Internal Revenue Code of 1986, as amended.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Common Shares</B>&rdquo;
has the meaning set forth in the recitals.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Common Stock</B>&rdquo;
has the meaning set forth in <U>Section 3.5</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Company</B>&rdquo;
has the meaning set forth in the recitals.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Company 401(k)
Plan</B>&rdquo; means the Donna Karan New York 401(k) Retirement Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Company Balance
Sheet</B>&rdquo; means the unaudited consolidated balance sheet of the Company and its Subsidiaries as of the Company Balance Sheet
Date</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Company Balance
Sheet Date</B>&rdquo; means June 30, 2016.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Company Employee
Plans</B>&rdquo; has the meaning set forth in <U>Section 3.19(a)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Company Financial
Statements</B>&rdquo; has the meaning set forth in <U>Section 3.7(a)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Company Material
Adverse Effect</B>&rdquo; means,&nbsp;with respect to the DK Group, a&nbsp;material adverse effect on the business, operations,
assets or financial condition of the DK Group, taken as a whole, excluding, in each case, any such effect resulting from or arising
out of or in connection with (i) acts of God, calamities, national or international political or social conditions including the
engagement by any country in hostilities, whether commenced before or after the date hereof, and whether or not pursuant to the
declaration of a national emergency or war, or the occurrence of any military or terrorist attack, (ii) changes in financial or
securities markets, economic, industry or market events, occurrences, developments, circumstances or conditions, whether general
or regional in nature or limited to any area in which the DK Group operates, in each case that do not have a disproportionate effect
on the DK Group relative to other Persons in the retail industry, (iii)&nbsp;changes in applicable Legal Requirements, accounting
standards or accounting principles, or any interpretations of any of the foregoing, (iv)&nbsp;the negotiation</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(including activities relating to due diligence),
execution, delivery or public announcement or the pendency of this Agreement or any of the transactions contemplated herein or
any actions taken or not taken in compliance herewith or otherwise at the request or with the consent of Purchaser, (v) any event,
occurrence, circumstance or fact that is set forth in the Disclosure Schedule, or (vi) any change in or effect on the assets or
properties of the DK Group which is cured (including by the payment of money) by Seller.&nbsp;&nbsp;For the avoidance of doubt,
no change in the stock price or market value of Purchaser nor any other matter affecting Purchaser or its business shall be considered
a Company Material Adverse Effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Confidential
Information</B>&rdquo; has the meaning set forth in <U>Section 6.2(b)(iii)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Confidentiality
Agreement</B>&rdquo; means that certain Confidentiality Agreement, dated as of October 15, 2014, by and between Seller and Purchaser.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>Consolidated Returns</B>&rdquo; means
any and all Tax Returns of the Seller Group that include the Company or any of its Subsidiaries, including, as applicable, any
federal consolidated income Tax Return and any state, local or foreign consolidated, combined or unitary Tax Return.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Court of Competent
Jurisdiction</B>&rdquo; has the meaning set forth in <U>Section 10.8</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Covered Employees</B>&rdquo;
has the meaning set forth in <U>Section 6.8(b)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Current Company
Business</B>&rdquo; means the business of the Company and its Subsidiaries as conducted as of the date of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Damages</B>&rdquo;
as used in <U>Section 9</U> means any liabilities, losses, damages, penalties, fines, Taxes, costs, expenses or amounts suffered
or incurred by an Indemnified Person (but, for the avoidance of doubt, not including any contingent liability unless and until
such contingent liability becomes an actual liability and is due and payable) or, in the case of a Third-Party Claim, paid in settlement
or awarded in a final judgment arising out of any claim, complaint, demand, action, suit or other Proceeding asserted, initiated
or otherwise existing in respect of any matter, but excluding any loss or damage associated with lost opportunities, any consequential,
special, incidental, indirect, exemplary or punitive damages or any damages based on a loss of revenue or profit or any type of
multiple unless in each case such loss or damage is paid pursuant to a Third-Party Claim.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Debt Commitment
Letter</B>&rdquo; has the meaning set forth in <U>Section&nbsp;4.5</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Delayed Employee
Costs</B>&rdquo; means Six Hundred Fifty Seven Thousand Dollars ($657,000) to be paid for certain future employee costs.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Disclosure Schedule</B>&rdquo;
has the meaning set forth in <U>Section 3</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>DK Group</B>&rdquo;
means, collectively, the Company and all of its Subsidiaries, and &ldquo;<B>a member of the DK Group</B>&rdquo; means any Person
within the DK Group.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>DK Group Audited
Financial Statements</B>&rdquo; has the meaning set forth in <U>Section&nbsp;6.6</U>.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>DK Group Interim
Financial Statements</B>&rdquo; has the meaning set forth in <U>Section&nbsp;6.6</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>DK Group Internal
Debt</B>&rdquo; means any unpaid debt from one member of the DK Group to another member of the DK Group incurred prior to the Closing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>DK Group Internal
Debt Costs</B>&rdquo; has the meaning set forth in <U>Section 6.4(k)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Encumbrance</B>&rdquo;
or &ldquo;<B>Encumbrances</B>&rdquo; in respect of any property or assets, shall mean any encumbrance or title defect of whatever
kind or nature, regardless of form, whether or not registered or registrable and whether or not consensual or arising by Legal
Requirement, including any lien, mortgage, charge, pledge, security interest, assignment, lease, option, easement, servitude, right-of-way,
conditional sales contract or other title retention device or arrangement (including a capital lease), encroachment, restrictive
covenant, equitable interest, restriction on transfer, right of first refusal, right of use or any other right or claim of any
kind or nature whatsoever (or any agreement to grant or furnish any of the foregoing) which affects ownership or possession of,
or title to, or any interest in, or the right to use or occupy such property or assets.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Environmental
Laws</B>&rdquo; means any applicable, federal, state, foreign or local governmental laws (including common laws), statutes, ordinances,
codes, regulations, rules, permits, licenses, certificates, approvals, plans, judgments, decrees, orders, directives, requirements,
notice or demand letter issued, entered, promulgated or approved thereunder that regulate the protection of the environment, protection
of public health and safety, or protection of worker health and safety, or that regulate the handling, use, manufacturing, processing,
storage, treatment, transportation, discharge, release or threatened release, emission, disposal, re-use, or recycling of Hazardous
Materials into ambient air, surface water, ground water or land, including the federal Comprehensive Environmental Response, Compensation
and Liability Act of 1980, 42 U.S.C. Section 9601, et seq., as amended (&ldquo;<B>CERCLA</B>&rdquo;), and the federal Resource
Conservation and Recovery Act, 42 U.S.C. Section 6901, et seq., as amended (&ldquo;<B>RCRA</B>&rdquo;), or otherwise relating to
the manufacture, processing, distribution, use, presence, production, labeling, testing, treatment, storage, disposal, transport
or handling of pollutants, contaminants or hazardous or toxic materials or wastes by the Company, its Subsidiaries or their respective
agents.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>ERISA</B>&rdquo;
has the meaning set forth in <U>Section 3.19(a)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>ERISA Affiliate</B>&rdquo;
has the meaning set forth in <U>Section 3.19(a)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Estimated Cash
Consideration</B>&rdquo; has the meaning set forth in <U>Section 2.2</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Estimated DK
Group Internal Debt Costs</B>&rdquo; has the meaning set forth in <U>Section 6.4(k)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Estimated Measurement
Date Balance Sheet Statement</B>&rdquo; has the meaning set forth in <U>Section&nbsp;2.2</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>&ldquo;Exchange Act&rdquo;
</B>has the meaning set forth in <U>Section 6.6</U>.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Excluded Other
Items</B>&rdquo; means those assets and liabilities identified as an &ldquo;Excluded Other Item&rdquo; on the balance sheet in
<B>Appendix C.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Fee Letter</B>&rdquo;
has the meaning set forth in <U>Section&nbsp;4.5</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Final DK Group
Internal Debt Costs</B>&rdquo; has the meaning set forth in <U>Section 6.4(k)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Final Tax Adjustment</B>&rdquo;
has the meaning set forth in <U>Section 6.4(i)(ii)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Financial Debt</B>&rdquo;
means, as of a given date, the aggregate of the following liabilities of the DK Group on a consolidated basis determined in accordance
with the Accounting Principles: (i) all indebtedness for borrowed money bearing interest, including overdrafts, obligations evidenced
by a note, bonds, debentures or similar instruments (but excluding all pension provisions and liabilities), (ii) all nontrade financial
loans from Seller or an Affiliate of Seller (other than any member of the DK Group) (net of all nontrade intercompany balances
receivable from Seller or an Affiliate of Seller (other than any member of the DK Group)), (iii) all management fees payable by
a member of the DK Group to Seller or an Affiliate of Seller (other than a member of the DK Group), (iv) if a liability, the marked-to-market
value of derivative financial instruments, (v) all accrued and capitalized interest relating to the preceding clauses (i) through
(iv) and (vi) the items set forth on <B>Appendix B</B>.&nbsp;&nbsp;For purposes of this definition, &ldquo;Financial Debt&rdquo;
includes LVMH Intercompany Debt, but does not include DK Group Internal Debt.&nbsp;&nbsp;By way of illustration, if the balance
sheet included in <B>Appendix C</B> were used to determine &ldquo;Financial Debt,&rdquo; then the line items notated with &ldquo;Financial
Debt&rdquo; on <B>Appendix C</B> will be included in such determination of &ldquo;Financial Debt.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Financing</B>&rdquo;
has the meaning set forth in <U>Section&nbsp;4.5</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Financing Sources</B>&rdquo;
means the Lenders (in their respective capacities as lenders, arrangers and bookrunners under the Debt Commitment Letter), their
respective Affiliates and each of the Lenders&rsquo; and their Affiliates&rsquo; respective officers, directors, employees, agents,
advisors and representatives.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Fraud and Bribery
Laws</B>&rdquo; has the meaning set forth in <U>Section 3.24</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Fundamental Representations</B>&rdquo;
has the meaning set forth in <U>Section 9.1</U>; <I>provided, however</I>, that for purposes of <U>Section 7.2(b)</U>, the representations
in <U>Section 3.2(a)</U> (last two sentences only), <U>Section 3.3</U> and <U>Section 3.25</U> shall not be Fundamental Representations,
and for purposes of <U>Section 7.3(b)</U>, the representations in <U>Section 4.10</U> shall not be Fundamental Representations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>G-III Stock Consideration</B>&rdquo;
has the meaning set forth in <U>Section 2.3(c)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Gabrielle Studio</B>&rdquo;
means Gabrielle Studio, Inc., a New York corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Governmental
Authority</B>&rdquo; means any United States federal, state or local or any foreign government, or political subdivision thereof,
or any multinational organization or authority or any agency or commission or other governmental authority or instrumentality entitled
to exercise any administrative, executive, judicial, legislative, police, regulatory or</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">taxing authority or power, any court or tribunal
(or any department, bureau or division thereof), or any arbitrator or arbitral body, or any applicable securities exchange.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Hazardous Materials</B>&rdquo;
means (i) any material, chemical, compound, substance, mixture or by-product that is identified, defined, designated, listed, restricted
or otherwise regulated under Environmental Laws as a &ldquo;hazardous constituent,&rdquo; &ldquo;hazardous substance,&rdquo; &ldquo;hazardous
material,&rdquo; &ldquo;acutely hazardous material,&rdquo; &ldquo;extremely hazardous material,&rdquo; &ldquo;hazardous waste,&rdquo;
&ldquo;hazardous waste constituent,&rdquo; &ldquo;acutely hazardous waste,&rdquo; &ldquo;extremely hazardous waste,&rdquo; &ldquo;infectious
waste,&rdquo; &ldquo;medical waste,&rdquo; &ldquo;biomedical waste,&rdquo; &ldquo;pollutant,&rdquo; &ldquo;toxic pollutant,&rdquo;
&ldquo;toxic substances,&rdquo; &ldquo;restricted hazardous waste,&rdquo; or &ldquo;contaminant&rdquo; or words of similar import
under any Environmental Laws, (ii) any petroleum or petroleum products, flammable explosives or radioactive materials, and (iii)
any other chemical or other material or substance, exposure to which is now or hereafter prohibited, limited or regulated by any
Governmental Authority under any Environmental Laws.&nbsp;&nbsp;The term &ldquo;<B>Hazardous Materials</B>&rdquo; shall include
any &ldquo;hazardous substances&rdquo; as defined, listed, designated or regulated under CERCLA, any &ldquo;hazardous wastes&rdquo;
or &ldquo;solid wastes&rdquo; as defined, listed, designated or regulated under RCRA, any asbestos or asbestos containing materials,
any polychlorinated biphenyls, and any petroleum or hydrocarbonic substance, fraction, distillate or by-product.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>HSR Act</B>&rdquo;
means the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>ICC Court</B>&rdquo;
has the meaning set forth in <U>Section 10.7(c)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>ICC Rules</B>&rdquo;
has the meaning set forth in <U>Section 10.7(a)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>IFRS</B>&rdquo;
means <FONT STYLE="font-weight: normal; font-style: normal">International Financial Reporting Standards as adopted by the European
Union.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>IFRS Exceptions</B>&rdquo;
has the meaning set forth in <U>Section 3.7(a)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Indemnification
Claim Notice</B>&rdquo; has the meaning set forth in <U>Section 9.5(a)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Indemnified Liabilities</B>&rdquo;
has the meaning set forth in <U>Section 9.2(d)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Indemnified Person</B>&rdquo;
or &ldquo;<B>Indemnified Persons</B>&rdquo; has the meaning set forth in <U>Sections&nbsp;9.2</U> and <U>9.3</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Indemnitor</B>&rdquo;
has the meaning set forth in <U>Section 9.6(a)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Insurance Policies</B>&rdquo;
has the meaning set forth in <U>Section 3.21</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Intellectual
Property</B>&rdquo; means (a) all patents (including design patents), patent applications, and patent disclosures, together with
all reissuances, continuations, continuations-in-part, revisions, extensions, and reexaminations thereof, (b) all registered industrial
designs and all currently-pending applications to register industrial designs, (c) all registered trademarks, service marks, trade
names, brand names, logos, and trade dress; and all currently-pending applications to register trademarks, service marks, trade
names, brand names, logos, and trade</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">dress, and all goodwill associated with such
registrations and applications (&ldquo;<B>Trademarks</B>&rdquo;), (d) all copyright registrations and currently-pending applications
to register copyrights, (e) all trade secrets, (f) all domain names, and (g) all goodwill associated with the foregoing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Interim Financial
Statements</B>&rdquo; has the meaning set forth in <U>Section 3.7(a)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Inventory</B>&rdquo;
means all merchandise and all goods, components, materials and sub-assemblies, in all stages of production, from raw materials
through work in progress to finished goods.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&ldquo;<B>IP In-Licenses</B>&rdquo;
has the meaning set forth in <U>Section 3.10(b)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>IP Licenses</B>&rdquo;
has the meaning set forth in <U>Section 3.10(c)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>IP Out-Licenses</B>&rdquo;
has the meaning set forth in <U>Section 3.10(c)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>IRS</B>&rdquo;
means the United States Internal Revenue Service.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Knowledge of
Purchaser</B>&rdquo; means the actual knowledge of Morris Goldfarb, Wayne Miller, Neal Nackman or Jeffrey Goldfarb.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Knowledge of
Seller</B>&rdquo; means the actual knowledge of Caroline Brown, Tisha Kalberer, Lynn Usdan, James Thompson or, for purposes of
<U>Section 3.18</U> only, Maureen Johnson.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Lease</B>&rdquo;
or &ldquo;<B>Leases</B>&rdquo; has the meaning set forth in <U>Section 3.16(a)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Legal Requirement</B>&rdquo;
means any federal, state, foreign, local, municipal or other law, statute, constitution, principle of common law, resolution, ordinance,
code, edict, decree, rule, regulation, ruling or requirement issued, enacted, adopted, promulgated, implemented or otherwise put
into effect by or under the authority of any Governmental Authority and any orders, writs, injunctions, awards, judgments and decrees
applicable to the Company or to any of its assets, properties or businesses.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Lender</B>&rdquo;
means each of Barclays Bank PLC and JPMorgan Chase Bank, N.A.; <I>provided</I> that in the event that any Additional Commitment
Party (as defined in the Debt Commitment Letter) is added as a party to the Debt Commitment Letter after the date hereof, the term
&ldquo;Lender&rdquo; shall include each such institution.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Lessors</B>&rdquo;
has the meaning set forth in <U>Section 3.16(a)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Liability</B>&rdquo;
means any liability or obligation of whatever kind or nature (whether known or unknown, whether asserted or unasserted, whether
absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated and whether due or to become due), including
any liability for Taxes.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Loss Tax Benefit</B>&rdquo;
shall mean, with respect to Damages, the Tax savings or benefits realized, with respect to the same tax period such Damages are
incurred, by such Indemnified Person equal to the excess of (i) the Indemnified Person&rsquo;s, or, if part of a consolidated group,
the</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Indemnified Person&rsquo;s parent&rsquo;s,
cumulative liability for Taxes for such Tax period, calculated by excluding any Tax items attributable to the Damages, over (ii)
the Indemnified Person&rsquo;s, or, if part of a consolidated group, the Indemnified Person&rsquo;s parent&rsquo;s, actual cumulative
liability for Taxes for such Tax period, calculated by taking into account any Tax items attributable to the Damages (to the extent
permitted by relevant Tax law and treating such Tax items as the last items claimed for such Tax period).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>LVMH Guaranties</B>&rdquo;
has the meaning set forth in <U>Section 6.11</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>LVMH Intercompany
Debt</B>&rdquo; means unpaid Financial Debt payable by members of the DK Group to Seller or Affiliates of Seller (other than members
of the DK Group) incurred prior to the Closing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>LVMH</B> <B>Note</B>&rdquo;
has the meaning set forth in <U>Section 2.3(b)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>LVMH SE Guaranty</B>&rdquo;
means a written guaranty by which LVMH Mo&euml;t Hennessy Louis Vuitton SE will guaranty the payment and performance by Seller
of all of its obligations under this Agreement in a form substantially similar to the form attached hereto as <B>Exhibit A</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Material Contract</B>&rdquo;
has the meaning set forth in <U>Section 3.13(c)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Measurement Date</B>&rdquo;
means (i) the last day of the month preceding the month in which the Closing Date occurs or (ii) such other date as the parties
hereto shall mutually agree.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Measurement Date
Balance Sheet Statement</B>&rdquo; has the meaning set forth in <U>Section 2.5(b)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Multiemployer
Plan</B>&rdquo; has the meaning set forth in <U>Section 3.19(a)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>NASDAQ Rules</B>&rdquo;
means the listing rules of the NASDAQ Stock Market.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Negative</B>
<B>Working Capital Adjustment Amount</B>&rdquo;<B> </B>means the amount, if any, by which the Normalized Working Capital Amount
exceeds the Working Capital as of the Measurement Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Net After Tax
Amount</B>&rdquo; means, with respect to a cost or expenditure, sixty-three and one-half percent (63.5%) of such cost or expenditure.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Net Financial
Debt</B>&rdquo; means, as of a given date, an amount equal to (i) the amount of Financial Debt, <I>minus</I> (ii) the amount of
Cash, in each case on a consolidated basis prepared in accordance with the Accounting Principles.&nbsp;&nbsp;For the avoidance
of doubt, (a) any assets or liabilities included in the calculation of the Net Financial Debt shall be excluded from the calculation
of Working Capital, Unpaid Restructuring Costs and the DK Group Internal Debt Costs and <I>vice versa</I>, and (b) all deferred
tax assets and liabilities, all deferred rents and all pension provisions or liabilities shall be excluded from the calculation
of Working Capital and from the calculation of the Net Financial Debt.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Non-U.S. Plan</B>&rdquo;
has the meaning set forth in <U>Section 3.19(f)</U>.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Normalized Working
Capital Amount</B>&rdquo; shall mean Ten Million Dollars ($10,000,000).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Note Consideration</B>&rdquo;
has the meaning set forth in <U>Section 2.3(b)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Notice of Disagreement</B>&rdquo;
has the meaning set forth in <U>Section&nbsp;2.4</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Objection Notice</B>&rdquo;
has the meaning set forth in <U>Section 9.5(b)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Objection Period</B>&rdquo;
has the meaning set forth in <U>Section 9.5(b)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Ordinary Course
of Business</B>&rdquo; means the business of the Company and its Subsidiaries consistent with the manner in which the business
has been conducted prior to the date hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Outside Closing
Date</B>&rdquo; has the meaning set forth in <U>Section 8.1(b)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Owned Intellectual
Property</B>&rdquo; means all Intellectual Property owned by the Company or any of its Subsidiaries.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Party</B>&rdquo;,
&ldquo;<B>party</B>&rdquo;, &ldquo;<B>Parties</B>&rdquo; or &ldquo;<B>parties</B>&rdquo; have the meanings set forth in the introductory
paragraph.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Permits</B>&rdquo;
has the meaning set forth in <U>Section 3.22(b)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&ldquo;<B>Permitted Encumbrances</B>&rdquo;
has the meaning set forth in <U>Section 3.15(a)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Person</B>&rdquo;
means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock company, a trust,
a joint venture, an unincorporated organization, business entity or a Governmental Authority (or any department, agency, or political
subdivision thereof).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Positive</B>
<B>Working Capital Adjustment Amount</B>&rdquo;<B> </B>means the amount, if any, by which the Working Capital as of the Measurement
Date exceeds the Normalized Working Capital Amount.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Post-Closing
Tax Period</B>&rdquo; means any taxable period beginning after the Closing Date and, with respect to any taxable period beginning
before and ending after the Closing Date, the portion of such taxable period beginning after the Closing Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Post-Tax Contest
Final Tax Adjustment</B>&rdquo; has the meaning set forth in <U>Section 6.4(i)(ii)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Pre-Closing Period</B>&rdquo;
has the meaning set forth in <U>Section 5.1</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Pre-Closing Tax
Period</B>&rdquo; means any taxable period ending on or before the Closing Date and, with respect to any taxable period beginning
before and ending after the Closing Date, the portion of such taxable period ending on and including the Closing Date.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Preferred Shares</B>&rdquo;
has the meaning set forth in the recitals.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Preferred Stock</B>&rdquo;
has the meaning set forth in <U>Section 3.5</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Preliminary Measurement
Date Balance Sheet Statement</B>&rdquo; has the meaning set forth in <U>Section&nbsp;2.4.</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Proceeding</B>&rdquo;
means any action, suit or proceeding at law or in equity, arbitration, or administrative or other proceeding by or before any Governmental
Authority.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Purchaser</B>&rdquo;
has the meaning set forth in the introductory paragraph.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Purchaser Common
Stock</B>&rdquo; means the common stock, par value $0.01 per share, of Purchaser.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Purchaser Employee
Plan</B>&rdquo; has the meaning set forth in <U>Section 6.8(b)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Purchaser Material
Adverse Effect</B>&rdquo; means,&nbsp;with respect to Purchaser, a&nbsp;material adverse effect on the business, operations, assets
or financial condition of Purchaser and its Subsidiaries, taken as a whole, excluding, in each case, any such effect resulting
from or arising out of or in connection with (i) acts of God, calamities, national or international political or social conditions
including the engagement by any country in hostilities, whether commenced before or after the date hereof, and whether or not pursuant
to the declaration of a national emergency or war, or the occurrence of any military or terrorist attack, (ii) changes in financial
or securities markets, economic, industry or market events, occurrences, developments, circumstances or conditions, whether general
or regional in nature or limited to any area in which Purchaser or any of its Subsidiaries operates, in each case that do not have
a disproportionate effect on Purchaser and its Subsidiaries relative to other Persons in the retail industry, (iii)&nbsp;changes
in applicable Legal Requirements, accounting standards or accounting principles, or any interpretations of any of the foregoing,
(iv)&nbsp;the negotiation (including activities relating to due diligence), execution, delivery or public announcement or the pendency
of this Agreement or any of the transactions contemplated herein or any actions taken or not taken in compliance herewith or otherwise
at the request or with the consent of Seller, (v) any changes in the stock price or market value of Purchaser, or (vi) any change
in or effect on the assets or properties of the Purchaser which is cured (including by the payment of money) by the Purchaser.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Purchaser SEC
Documents</B>&rdquo; has the meaning set forth in <U>Section 4.7</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>RCRA</B>&rdquo;
has the meaning set forth in the definition of &ldquo;Environmental Laws.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Real Property</B>&rdquo;
has the meaning set forth in <U>Section 3.16(c)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Registration
Rights Agreement</B>&rdquo; has the meaning set forth in <U>Section 2.1(c)(i)(F)</U>.&nbsp;&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Registrations</B>&rdquo;
has the meaning set forth in <U>Section 3.22(b)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Regulation S-X</B>&rdquo;
has the meaning set forth in <U>Section&nbsp;6.6.</U></P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Release Date</B>&rdquo;
has the meaning set forth in <U>Section 9.1</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Representation
Termination Date</B>&rdquo; has the meaning set forth in <U>Section 9.1</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Representatives</B>&rdquo;
means, with respect to a Person, such Person&rsquo;s legal, financial, internal and independent accounting and other advisors and
representatives.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Request for Arbitration</B>&rdquo;
has the meaning set forth in <U>Section 10.7(c)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Respondent</B>&rdquo;
has the meaning set forth in <U>Section 10.7(c)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Restricted Period</B>&rdquo;
has the meaning set forth in <U>Section 6.15</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Sarbanes-Oxley
Act</B>&rdquo; means the Sarbanes-Oxley Act of&nbsp;2002, and the rules and regulations promulgated thereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>SEC</B>&rdquo;
means the United States Securities and Exchange Commission.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Secretary General</B>&rdquo;
has the meaning set forth in <U>Section 10.7(c)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Section 338(h)(10)
Election</B>&rdquo; has the meaning set forth in <U>Section 6.4(i)(i)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Section 338(h)(10)
Election Schedule</B>&rdquo; has the meaning set forth in <U>Section 6.4(i)(ii)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Section 409A</B>&rdquo;
has the meaning set forth in <U>Section 3.18(k)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Securities Act</B>&rdquo;
has the meaning set forth in <U>Section 6.6</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Selected Accountant</B>&rdquo;
has the meaning set forth in <U>Section 2.5(b)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Seller</B>&rdquo;
has the meaning set forth in the introductory paragraph.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Seller Group</B>&rdquo;
means (i) the Affiliated Group of which Seller is the common parent, and (ii) with respect to each state, local or foreign jurisdiction
in which Seller or its Subsidiaries files a consolidated, combined or unitary Tax Return and in which the Company or any of its
Subsidiaries is or is required to be included, the group with which such Tax Return is filed.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Seller Related
Parties</B>&rdquo; has the meaning set forth in <U>Section 10.13</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Share Consideration</B>&rdquo;
means an amount equal to:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Six
Hundred Fifty Million Dollars ($650,000,000); <I>minus</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Net Financial Debt of the Company as of the Measurement Date (and, for avoidance of doubt, if such Net Financial Debt is a negative
amount, then the absolute value of such amount shall be <I>added</I> to clause (a)(1)); <I>plus</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Positive Working Capital Adjustment Amount, if any, as of the Measurement Date; <I>minus</I></P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Negative Working Capital Adjustment Amount, if any, as of the Measurement Date; <I>minus</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">(5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Unpaid Restructuring Costs; <I>minus</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">(6)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Delayed Employee Costs; <I>minus</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">(7)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if
the DK Group Internal Debt is not fully settled prior to the Closing, the Final DK Group Internal Debt Costs; <I>plus</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">(8)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Final Tax Adjustment, if a Section 338(h)(10) Election is made.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Shares</B>&rdquo;
has the meaning set forth in the recitals.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Step Plan</B>&rdquo;
has the meaning set forth in <U>Section 6.12</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Straddle Period</B>&rdquo;
means any taxable period commencing on or prior to the Closing Date and ending after the Closing Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Subsidiary</B>&rdquo;
or &ldquo;<B>Subsidiaries</B>&rdquo; means, with respect to a Person, an entity in which 50% or more of the outstanding equity
or financial interests is owned directly, indirectly or beneficially by such Person.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Tax</B>&rdquo;
or &ldquo;<B>Taxes</B>&rdquo; means (a) all federal, state, local, foreign and other income, gross receipts, sales, use, production,
ad valorem, value-added, transfer, recording, documentary, franchise, registration, capital stock, profits, license, lease, service,
service use, withholding, payroll, social security, employment, unemployment, disability, alternative or add-on minimum, estimated,
excise, natural resources, severance, environmental (including taxes under Section 59A of the Code), stamp, occupation, premium,
property, windfall profits, escheat, unclaimed/abandoned property, customs, duties or other taxes, fees, levies, assessments or
charges of any kind whatsoever, together with any interest, additions or penalties with respect thereto and any interest in respect
of such additions or penalties (whether disputed or not) and (b) any Liability for the payment of any amounts of the type described
in clause (a) as a result of being a member of a consolidated, combined, unitary or aggregate group for any taxable period.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Tax Adjustment</B>&rdquo;
has the meaning set forth in <U>Section 6.4(i)(ii)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Tax Contest</B>&rdquo;
has the meaning set forth in <U>Section&nbsp;6.4(d)(i)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Tax Return</B>&rdquo;
means any return, declaration, report, claim for refund, information statement or report or other document filed or required to
be filed with a Governmental Authority with respect to Taxes (including any related or supporting schedules, statements or information,
and any amendment thereof).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Tax Sharing Agreement</B>&rdquo;
means any and all Tax sharing and Tax indemnity agreements, including the following tax sharing agreements: (i) that certain Tax
Sharing Agreement, effective as of January 1, 2010, among Seller, Donna Karan Company LLC and the Company; (ii) that certain Tax
Sharing Agreement, effective as of January 1, 2010, among</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Seller, Donna Karan Company Stores, LLC and
the Company; (iii) that certain Tax Sharing Agreement, effective as of January 1, 2010, among Seller, Donna Karan Studio, LLC and
the Company; (iv) that certain Tax Sharing Agreement, effective as of January 1, 2010, between Seller and Gabrielle Studio; and
(v) that certain Tax Sharing Agreement, effective as of January 1, 2010, between Seller and the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Taxing Authority</B>&rdquo;
means any Governmental Authority or subdivision, agency, commission or authority thereof, or any quasi-governmental or private
body having jurisdiction over the assessment, determination, collection or imposition of any Tax.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Third-Party Claim</B>&rdquo;
has the meaning set forth in <U>Section 9.6(a)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Third Party Intellectual
Property</B>&rdquo; means all Intellectual Property used by the Company or any of its Subsidiaries that is owned by a Person other
than a member of the DK Group.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Trademarks</B>&rdquo;
has the meaning set forth in the definition of &ldquo;Intellectual Property&rdquo;.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Trading Day</B>&rdquo;
means a day on which the NASDAQ Stock Market is open for trading.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Transaction</B>&rdquo;
has the meaning set forth in the recitals.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Transition Period</B>&rdquo;
has the meaning set forth in <U>Section 6.5(b)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Transition Services</B>&rdquo;
has the meaning set forth in <U>Section 6.5(b)</U>.&nbsp;&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Unpaid Restructuring
Costs</B>&rdquo; means the Net After Tax Amount of the restructuring costs identified on <B>Appendix A</B> to the extent that they
remain unpaid as of the Closing Date and otherwise are not taken into account for purposes of determining the final Working Capital
or Net Financial Debt.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>U.S. GAAP</B>&rdquo;
means United States generally accepted accounting principles, consistently applied.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>VWAP</B>&rdquo;
means, for any Trading Day, the dollar volume-weighted average price for the Purchaser Common Stock on the NASDAQ Stock Market
during the period beginning at 9:30:01 a.m., New York time, and ending at 4:00:00 p.m., New York time, on such Trading Day, as
reported by Bloomberg through its &ldquo;Volume at Price&rdquo; function.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<B>WARN Act</B>&rdquo;<B> </B>has the
meaning set forth in <U>Section 5.2</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Working Capital</B>&rdquo;
means (a) the sum of the following assets of the DK Group on a consolidated basis as of a given date: (i) accounts receivable,
net of reserves, <I>plus</I> (ii) inventories, net of reserves, <I>plus </I>(iii) prepaid and other current assets (excluding (1)
Bond Street Lease prepaid rent expense and (2) Cash) and income tax receivables with respect to the Pre-Closing Tax Period beginning
on January 1, 2016 and ending on the Closing Date (other than deferred tax assets), and; <I>plus </I>(iv) noncurrent deposits (excluding
the Bond Street Lease security deposit) (but not including Cash), <I>less</I> (b) the sum of the following liabilities of the DK
Group on</P>

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


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    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">a consolidated basis as of such given date:
(i) accounts payable and accrued liabilities (other than items included in Financial Debt, Unpaid Restructuring Costs, Indemnified
Liabilities and Excluded Other Items); <I>plus</I> (ii) advanced royalties and deferred income (excluding deferred rent); <I>plus</I>
(iii) income tax liabilities with respect to the Pre-Closing Tax Period beginning on January 1, 2016 and ending on the Closing
Date (other than deferred tax liabilities) irrespective of when they fall due; and <I>plus</I> (iv) operating provisions (pensions);
it being understood and agreed that the items in clauses (a) and (b) will be prepared in accordance with the Accounting Principles.&nbsp;&nbsp;For
the avoidance of doubt, any assets or liabilities included in the calculation of Working Capital shall be excluded from the calculation
of Net Financial Debt, Unpaid Restructuring Costs, Indemnified Liabilities, Excluded Other Items and the DK Group Internal Debt
Costs, and <I>vice versa</I>. By way of illustration, if the balance sheet included in <B>Appendix C</B> were used to determine
&ldquo;Working Capital,&rdquo; then the line items notated with &ldquo;NWC&rdquo; on <B>Appendix C</B> will be included in such
determination of &ldquo;Working Capital.&rdquo;&nbsp;&nbsp;For the avoidance of doubt, Working Capital does not include the long-term
deferred rents.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I><U>Purchase
and Sale; Closing</U></I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Purchase
and Sale; Closing and Closing Deliverables</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Purchase
and Sale</U>.&nbsp;&nbsp;Subject to the terms and conditions set forth herein, at the Closing, Seller shall sell to Purchaser,
and Purchaser shall purchase from Seller, all of the Shares for an aggregate purchase price equal to the Share Consideration, which
purchase price shall be payable in accordance with <U>Sections</U> <U>2.2</U> through <U>2.6</U> below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Closing</U>.&nbsp;&nbsp;Subject
to the satisfaction or waiver of all of the conditions to the Closing contained in <U>Sections</U> <U>7.1</U>, <U>7.2</U> and <U>7.3</U>,
the closing of the Transaction (the &ldquo;<B>Closing</B>&rdquo;) shall take place at a location to be agreed upon by the Parties,
as of the first day of the month following the date on which the satisfaction or waiver of the conditions to the Closing contained
in <U>Sections</U> <U>7.1</U>, <U>7.2</U> and <U>7.3 </U>occurs (other than those conditions that by their nature are to be satisfied
at the Closing, but subject to the fulfillment or waiver of those conditions), unless another date is agreed to in writing by the
Parties; <I>provided, however,</I> that (i) the Closing shall not occur prior to September 30, 2016 and (ii) the Closing shall
occur no earlier than five (5) Business Days after the satisfaction or waiver of such conditions to Closing, unless the Parties
otherwise agree in writing.&nbsp;&nbsp;The date on which the Closing actually occurs is hereinafter referred to as the &ldquo;<B>Closing
Date</B>&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Closing
Deliverables</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Purchaser
Deliverables</U>.&nbsp;&nbsp;Purchaser shall deliver to Seller (or to Company as expressly provided below), at or prior to the
Closing, each of the following:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Estimated Cash Consideration, the LVMH Note duly executed by Purchaser and the G-III Stock Consideration (which may be evidenced
by delivery of an instruction letter from Purchaser to its transfer agent, reasonably acceptable to Seller, irrevocably instructing
such transfer agent to issue the G-III Stock Consideration to Seller, in a physical stock certificate or in book-entry form as
directed by Seller, and a written</P>

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


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    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">acknowledgment from such transfer agent as
to its receipt of and agreement to comply with such irrevocable instructions);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;cash
to the Company in an amount sufficient to pay off all Financial Debt (including the LVMH Intercompany Debt which shall be paid
at Closing), which cash shall be used by the Company and its Subsidiaries to repay all Financial Debt (including the LVMH Intercompany
Debt which shall be paid at Closing but not the items listed on <B>Appendix B</B>) and Purchaser and Seller shall cause the repayment
of the LVMH Intercompany Debt to occur at the Closing;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in">(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
certificate executed on behalf of Purchaser by an officer of Purchaser representing and warranting that the conditions set forth
in <U>Section 7.3(b)</U> have been satisfied;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in">(D)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
certificate of the Secretary or an Assistant Secretary (or equivalent officer) of Purchaser certifying as to the resolutions adopted
by the board of directors of such entity authorizing the execution, delivery and performance of this Agreement and the consummation
of the Transaction and the other transactions contemplated by this Agreement;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in">(E)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
counterpart, duly executed by the Purchaser, of an Assignment and Assumption Agreement, in the form attached hereto as <B>Exhibit
C</B> (the &ldquo;<B>Assignment and Assumption Agreement</B>&rdquo;); and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in">(F)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
counterpart, duly executed by the Purchaser, of a Registration Rights Agreement, in the form attached hereto as <B>Exhibit D</B>
(the &ldquo;<B>Registration Rights Agreement</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Seller
Deliverables</U>.&nbsp;&nbsp;Seller shall deliver to Purchaser, at or prior to the Closing, each of the following, as applicable:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
original stock certificates evidencing the Shares (or duly issued replacements therefor), accompanied by duly executed stock powers
in form and substance reasonably satisfactory to Purchaser;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
original stock certificates or other documentation evidencing the Company&rsquo;s ownership of each Subsidiary (or duly issued
replacements therefor);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in">(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
certificate executed on behalf of Seller by an officer of Seller and dated as of the Closing Date representing and warranting on
behalf of Seller that the conditions set forth in <U>Section 7.2(b)</U> have been satisfied;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in">(D)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;evidence
reasonably satisfactory to Purchaser of the resignation of each of the directors and officers of the Company and each other member
of the DK Group in office immediately prior to the Closing, as directors and officers of the Company or such other member of the
DK Group, effective no later than immediately prior to the Closing;</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in">(E)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Seller certifying as to attached resolutions
adopted by the board of directors of the Seller authorizing the execution, delivery and performance of this Agreement and the consummation
of the Transaction and the other transactions contemplated by this Agreement;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in">(F)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
certificate pursuant to Treasury Regulations Section 1.1445-2(b) that Seller is not a foreign person within the meaning of Section
1445 of the Code;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in">(G)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
good standing certificate of each member of the DK Group, in the case of a domestic DK Group entity, dated no earlier than five
(5) Business Days prior to the Closing Date, and in the case of a foreign DK Group entity, dated within a reasonable period prior
to the Closing Date, from the Secretaries of State of its state of organization or the comparable authority for the country of
its organization;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in">(H)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
copy of the certificate of incorporation or formation or similar charter document of each member of the DK Group, as in effect
on the Closing Date, certified by the Secretary of State of its state of incorporation, formation or organization, or by the comparable
authority for the country of its organization, as of a recent date;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in">(I)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
LVMH SE Guaranty;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in">(J)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;payoff
letters, executed by HSBC and Citibank, in form and substance reasonably satisfactory to Purchaser, specifying the amount to be
paid to satisfy in full all Financial Debt in favor of such party as of the Closing and that upon receipt of such amount, such
party releases all claims and rights against the DK Group relating to or in connection with such Financial Debt;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in">(K)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
copy of the bylaws, limited liability company/operating agreement, partnership agreement or similar agreement of each member of
the DK Group, certified by the secretary (or a duly appointed officer serving such function) of such member of the DK Group;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in">(L)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if
the Section 338(h)(10) Election is made, a duly executed Form 8023;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in">(M)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
counterpart, duly executed by Seller, of the Assignment and Assumption Agreement;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in">(N)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
counterpart, duly executed by Seller, of the Registration Rights Agreement;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in">(O)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;payoff
letters, executed by Seller and all applicable Affiliates of Seller (other than members of the DK Group), in form and substance
reasonably satisfactory to Purchaser, specifying the amounts to be paid to satisfy in full all LVMH</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Intercompany Debt in favor of Seller and such
Affiliates of Seller as of the Closing and that upon receipt of such amounts, Seller and each such Affiliate of Seller releases
all claims and rights against the DK Group relating to or in connection with such LVMH Intercompany Debt; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in">(P)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;documentation
reasonably acceptable to Purchaser to evidence the termination of all of the Tax Sharing Agreements and all liabilities pursuant
to all of the Tax Sharing Agreements.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Estimated
Measurement Date Balance Sheet Statement</U>.&nbsp;&nbsp;Seller shall prepare and deliver to Purchaser, no less than three (3)
Business Days prior to the Closing, a good-faith estimated consolidated balance sheet (based on the DK Group&rsquo;s books and
records, DK Group&rsquo;s management&rsquo;s best estimates and other information then available) in the form attached hereto as
<B>Appendix C </B>and in accordance with the Accounting Principles (the &ldquo;<B>Estimated Measurement Date Balance Sheet Statement</B>&rdquo;)
for the DK Group as of the Measurement Date, which shall include a determination (based on the balance sheet included in the Estimated
Measurement Date Balance Sheet Statement) of (a) the estimated Net Financial Debt as of the Measurement Date; (b) the estimated
Working Capital as of the Measurement Date; (c) the Cash Consideration (based on (i) the estimates provided pursuant to clauses
(a) and (b) above, (ii) the estimated Unpaid Restructuring Costs and the Closing Tax Adjustment, (iii) the Delayed Employee Costs
and (iv) if applicable, the Estimated DK Group Internal Debt Costs (the &ldquo;<B>Estimated Cash Consideration</B>&rdquo;)); and
(d) the estimated Share Consideration (based on the estimates provided pursuant to clauses (a), (b) and (c) above).&nbsp;&nbsp;The
parties agree and acknowledge that the Estimated Cash Consideration shall be calculated using the formulas specified in the definitions
of &ldquo;Cash Consideration&rdquo; and &ldquo;Share Consideration&rdquo; in <U>Section 1</U> above using Working Capital (to determine
the Positive Working Capital Adjustment Amount or Negative Working Capital Adjustment Amount, as applicable) and the Net Financial
Debt set forth in the Estimated Measurement Date Balance Sheet Statement as if such amounts were the actual amounts of Net Financial
Debt and Working Capital as of the Measurement Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Payments
at Closing</U>.&nbsp;&nbsp;At the Closing, Purchaser shall pay to Seller:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;an
amount equal to the Estimated Cash Consideration by wire transfer of immediately available funds to an account designated by Seller;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seventy
Five Million Dollars ($75,000,000) by the issuance of a promissory note from Purchaser to Seller (the &ldquo;<B>LVMH Note</B>&rdquo;)
in the principal amount of Seventy Five Million Dollars ($75,000,000), in the form of <B>Exhibit B</B> <B>(</B>the &ldquo;<B>Note
Consideration</B>&rdquo;<B>)</B>; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seventy
Five Million Dollars ($75,000,000) by the issuance of an integral number of shares of Purchaser Common Stock (the &ldquo;<B>G-III
Stock Consideration</B>&rdquo;) equal to Seventy Five Million Dollars ($75,000,000) divided by the average VWAP of the Purchaser
Common Stock for the five (5) Trading Day period preceding the Closing Date (any fractional share equal to or in excess of 0.50
of a share of Purchaser Common Stock to be rounded up to the nearest whole share of Purchaser Common Stock and any fractional share
of less than 0.50 of a share of Purchaser Common Stock to be rounded down to the nearest whole share of Purchaser Common Stock);
<I>provided, however</I>, that if an ex-dividend date for</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">Purchaser Common Stock occurs during such five
(5) Trading Day period, then the VWAP for each Trading Day during such period that precedes such ex-dividend date shall be reduced
by the amount of the applicable dividend payable on a share of Purchaser Common Stock.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">2.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Preparation
and Review of Measurement Date Balance Sheet Statement</U><FONT STYLE="font-size: 10pt"></FONT>.&nbsp;&nbsp;Within sixty
(60) days after the Closing Date, Purchaser will prepare and deliver to Seller a draft consolidated balance sheet (the &ldquo;<B>Preliminary
Measurement Date Balance Sheet Statement</B>&rdquo;) for the DK Group as of the Measurement Date in the same form and prepared
on the same basis (including the application of the Accounting Principles) as the Estimated Measurement Date Balance Sheet Statement,
which shall include a determination (based on the balance sheet included in the Preliminary Measurement Date Balance Sheet Statement)
of the Net Financial Debt, the Working Capital, the Unpaid Restructuring Costs, each as of the Measurement Date and in accordance
with the Accounting Principles, along with the calculation of the final Cash Consideration and Share Consideration based thereon
(other than the Final Tax Adjustment, which shall be calculated and adjusted as between Purchaser and Seller pursuant to <U>Section
6.4(i)(ii)</U>).&nbsp;&nbsp;Following its delivery of the Preliminary Measurement Date Balance Sheet<B> </B>Statement to Seller,
Purchaser will provide access to Seller and its Representatives to the management of each member of the DK Group and their accountants
and to true copies of the work papers and documents and information relating to the Preliminary Measurement Date Balance Sheet
Statement (and the determination and calculation of the Net Financial Debt, the Working Capital, the Unpaid Restructuring Costs
and the final Cash Consideration based thereon) as requested by Seller.&nbsp;&nbsp;The Preliminary Measurement Date Balance Sheet
Statement, the determination of the Net Financial Debt, the Working Capital and the Unpaid Restructuring Costs as of the Measurement
Date and the resulting calculation of the final Cash Consideration based thereon and on the Delayed Employee Costs (other than
the Final Tax Adjustment, which shall be calculated and adjusted as between Purchaser and Seller pursuant to <U>Section 6.4(i)(ii)</U>)
will all be binding and conclusive on the parties upon the earlier to occur of (i) Seller&rsquo;s acceptance in writing of the
Preliminary Measurement Date Balance Sheet Statement, the determination of Net Financial Debt, the Working Capital and the Unpaid
Restructuring Costs as of the Measurement Date and the calculation of the final Cash Consideration based thereon (other than the
Final Tax Adjustment, which shall be calculated and adjusted as between Purchaser and Seller pursuant to <U>Section 6.4(i)(ii)</U>),
or (ii) forty-five (45) days following the delivery to Seller of the Preliminary Measurement Date Balance Sheet Statement, the
determination of Net Financial Debt, the Working Capital and the Unpaid Restructuring Costs as of the Measurement Date and the
calculation of the final Cash Consideration based thereon and on the Delayed Employee Costs (other than the Final Tax Adjustment,
which shall be calculated and adjusted as between Purchaser and Seller pursuant to <U>Section 6.4(i)(ii)</U>), unless within such
forty-five (45) day period Seller provides written notice to Purchaser describing in reasonable detail its objections to the Preliminary
Measurement Date Balance Sheet Statement, the calculation of the Working Capital, the Net Financial Debt or the Unpaid Restructuring
Costs as of the Measurement Date or the calculation of the final Cash Consideration or Share Consideration based thereon (the
&ldquo;<B>Notice of Disagreement</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">2.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Resolution
of Disagreement.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Seller duly delivers to Purchaser a Notice of Disagreement, then Purchaser and Seller shall attempt through negotiation to resolve
any disagreement within</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">thirty (30) days following receipt of the Notice
of Disagreement.&nbsp;&nbsp;If Purchaser and Seller agree in writing on the resolution of such disagreement, such resolution shall
be conclusive and binding on all of the parties hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Purchaser and Seller fail to resolve the issues outstanding with respect to (i) the Preliminary Measurement Date Balance Sheet
Statement, (ii) the calculation of the Working Capital as of the Measurement Date, (iii) the calculation of the Net Financial Debt
as of the Measurement Date, (iv) the calculation of Unpaid Restructuring Costs as of the Measurement Date or (v) the calculation
of the final Cash Consideration or Share Consideration (other than the Final Tax Adjustment, which shall be calculated and adjusted
as between Purchaser and Seller pursuant to <U>Section 6.4(i)(ii)</U>), within thirty (30) days of Purchaser&rsquo;s receipt of
such Notice of Disagreement, Purchaser and Seller will submit the issues remaining in dispute to KPMG LLP or another nationally
recognized independent accounting firm that is mutually agreed to by Seller and Purchaser (the &ldquo;<B>Selected Accountant</B>&rdquo;)
for resolution in accordance with the terms of this Agreement and with the Accounting Principles.&nbsp;&nbsp;Notwithstanding anything
to the contrary contained in this <U>Section&nbsp;2.5</U>, the Selected Accountant&rsquo;s engagement pursuant to this <U>Section&nbsp;2.5</U>
shall be limited solely to resolving the remaining disputed items set forth in the Notice of Disagreement and not otherwise previously
resolved by the parties hereto pursuant to the provisions of this <U>Section&nbsp;2.5</U>.&nbsp;&nbsp;If issues are submitted to
the Selected Accountant for resolution, (A) Purchaser and Seller will furnish or cause to be furnished to the Selected Accountant
access to the management of each member of the DK Group and their accountants and to such work papers and other documents and information
relating to the disputed issues as the Selected Accountant may reasonably request and are available to that party or its agents
and will be afforded the opportunity to present to the Selected Accountant any material relating to the disputed issues and to
discuss the issues with the Selected Accountant; (B) the Selected Accountant shall deliver its written determination of the issues
remaining in dispute to Purchaser and Seller within sixty (60) days of the submission of the issues remaining in dispute to the
Selected Accountant, which determination will be final, binding and conclusive on the parties and will be used in the calculation
of the Working Capital, the determination of Net Financial Debt and the calculation of Unpaid Restructuring Costs, each as of the
Measurement Date, and the resulting Cash Consideration and Share Consideration; and (C) the fees, costs and expenses of the Selected
Accountant shall be shared equally by Purchaser and Seller. For purposes of this Agreement, the &ldquo;<B>Measurement Date Balance
Sheet Statement</B>&rdquo; shall mean the Preliminary Measurement Date Balance Sheet Statement together with, if applicable, any
revisions thereto pursuant to this <U>Section&nbsp;2.5</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">2.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Final
Calculation and Payment of Cash Consideration</U><FONT STYLE="font-size: 10pt">.&nbsp;&nbsp;The Estimated Cash Consideration paid
pursuant to <U>Section&nbsp;2.3</U> above shall be adjusted, if necessary, following the reconciliation described in <U>Sections&nbsp;2.4
</U>and <U>2.5</U> as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the finally determined Cash Consideration pursuant to <U>Section&nbsp;2.4</U> or <U>Section&nbsp;2.5</U> above is greater than
the Estimated Cash Consideration, Purchaser shall make a payment to Seller in cash in an amount equal to such excess within five
(5) Business Days after the date on which the Measurement Date Balance Sheet Statement and the determination of the Net Financial
Debt, the Working Capital and the Unpaid Restructuring Costs, each as of the Measurement Date, and the finally determined Cash
Consideration based</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">thereon and on the Delayed Employee Costs (other
than the Final Tax Adjustment, which shall be calculated and adjusted as between Purchaser and Seller pursuant to <U>Section 6.4(i)(ii)</U>),
are finally determined pursuant to <U>Section&nbsp;2.4</U> or <U>Section&nbsp;2.5</U> above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the finally determined Cash Consideration pursuant to <U>Section&nbsp;2.4</U> or <U>Section&nbsp;2.5</U> above is less than the
Estimated Cash Consideration, Seller shall make a payment to Purchaser in cash in an amount equal to such difference within five
(5) Business Days after the date on which the determination of the Net Financial Debt, the Working Capital and the Unpaid Restructuring
Costs, each as of the Measurement Date, and the finally determined Cash Consideration based thereon and on the Delayed Employee
Costs (other than the Final Tax Adjustment, which shall be calculated and adjusted as between Purchaser and Seller pursuant to
<U>Section 6.4(i)(ii)</U>), are finally determined pursuant to <U>Section&nbsp;2.4</U> or <U>Section&nbsp;2.5</U> above.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">2.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Non-Transfer
and Reservation of Pre-Closing Privilege</U>.&nbsp;&nbsp;At the Closing, all documents, records and privileged communications (including
emails) between the Company, its Subsidiaries and Seller and their counsel or advisors occurring prior to the Closing and relating
to the Transaction, including all documents, records and privileged communications relating to the negotiation, documentation and
consummation of the Transaction (other than the final executed Transaction documents), shall be and remain the privilege of Seller
unless and until waived by Seller, and shall not transfer to Purchaser.&nbsp;&nbsp;Such privilege shall not be waived by any actions
or failures to act of Seller, other than by its express written consent.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I><U>Representations
and Warranties regarding Seller and the Company</U></I>.&nbsp;&nbsp;Subject to such exceptions as are set forth in the appropriate
section, subsection or subclause of the disclosure schedule supplied by Seller to Purchaser on the date hereof (the &ldquo;<B>Disclosure
Schedule</B>&rdquo;) or in any other section, subsection or subclause of the Disclosure Schedule if the relevance of such disclosure
to such other section, subsection or subclause of this <U>Section 3</U> is reasonably apparent on the face of such disclosure without
reference to the documents referenced therein, Seller hereby represents and warrants to Purchaser as of the date hereof as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Organization,
Standing and Power.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Delaware.&nbsp;&nbsp;There
is no pending or threatened in writing Proceeding for the dissolution, liquidation or insolvency of the Company.&nbsp;&nbsp;The
Company has all requisite corporate power to own its properties and to carry on the Current Company Business.&nbsp;&nbsp;<U>Section
3.1</U> of the Disclosure Schedule sets forth each jurisdiction in which the Company is qualified to do business as a foreign corporation.&nbsp;&nbsp;The
Company is duly qualified to do business, and is in good standing (if such concept is applicable in the relevant jurisdiction),
in each jurisdiction where the operation of the Current Company Business by the Company requires such qualification, except where
the failure to be so qualified does not have a Company Material Adverse Effect.&nbsp;&nbsp;The Company has made available to Purchaser
a true and correct copy of its certificate of incorporation and bylaws as in effect as of the date of this Agreement and the board
of directors of the Company has not approved or proposed any amendment to such certificate of incorporation or bylaws.&nbsp;&nbsp;The</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">Company is not in violation of any of the provisions
of its certificate of incorporation or bylaws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seller
is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Delaware.&nbsp;&nbsp;There
is no pending or threatened in writing Proceeding for the dissolution, liquidation or insolvency of Seller.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Subsidiaries
and Other Equity Interests.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Section
3.2</U> of the Disclosure Schedule sets forth a complete and accurate list of (i) the Subsidiaries of the Company (including the
name of each equity holder of such Subsidiary and the amount of the equity interest of each such equity holder); and (ii) each
equity or similar interest in, or any interest convertible or exchangeable or exercisable for, any equity or similar interest in,
any corporation, partnership, joint venture or other business association or entity owned directly or indirectly by the Company.&nbsp;&nbsp;Each
Subsidiary of the Company is a corporation, partnership or limited liability company duly incorporated or organized, validly existing
and in good standing under the laws of its jurisdiction of incorporation or organization and is duly licensed or qualified to do
business as a foreign corporation, partnership or limited liability company, as applicable, in each other jurisdiction in which
the character of its properties or in which the transaction of its business makes such qualification necessary except where the
failure to be so licensed or qualified would not have a Company Material Adverse Effect.&nbsp;&nbsp;<U>Section 3.2</U> of the Disclosure
Schedule sets forth each jurisdiction in which each Subsidiary of the Company is qualified to do business as a foreign corporation
or other foreign entity.&nbsp;&nbsp;Except as set forth on <U>Section 3.2</U> of the Disclosure Schedule, none of the business
of the DK Group, as currently conducted, is carried out by any Affiliate of Seller that is not a member of the DK Group.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
of the issued and outstanding shares of capital stock, membership interests or other equity interests, as applicable, of each Subsidiary
of the Company (i) are duly authorized, validly issued, fully paid and non-assessable (to the extent such concepts are applicable
to such shares of capital stock or membership interests), and (ii) are held of record and beneficially by the Company and/or one
or more other Subsidiaries of the Company free and clear of all Encumbrances.&nbsp;&nbsp;There are no options, warrants, calls,
rights, commitments or agreements that are outstanding to which any Subsidiary of the Company is a party or by which any such Subsidiary
is bound, obligating such Subsidiary to issue, deliver, sell, repurchase or redeem, or cause to be issued, delivered, sold, repurchased
or redeemed, any equity security in such Subsidiary or obligating such Subsidiary to grant, or enter into any option, warrant,
call, right, commitment or agreement regarding any other equity security in such Subsidiary.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Organizational
Documents; Books and Records</U>.&nbsp;&nbsp;The copies of the organizational documents of each entity comprising the DK Group
are complete and correct and represent the presently effective organizational documents of the DK Group.&nbsp;&nbsp;No member of
the DK Group is in violation of its respective organizational documents.&nbsp;&nbsp;&nbsp;&nbsp;The books of account, minute books,
share record books and other records of the DK Group are complete and correct in all material respects.&nbsp;&nbsp;The minute books
of each member of the DK Group contain, in all material respects, accurate and complete records of all meetings held by the shareholders,
members,</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">boards of directors or managers, and no meeting
of such shareholders, members, boards of directors or managers or committees of the boards of directors or managers of any such
member of the DK Group has been held for which minutes have not been prepared and are not contained in such minute books.&nbsp;&nbsp;At
the Closing, all those books and records will be in the possession or under the control of the DK Group.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Authority
and Binding Obligation of Seller</U>.&nbsp;&nbsp;Seller has all requisite corporate power and authority to execute and deliver
this Agreement, to consummate the Transaction and the other transactions contemplated by this Agreement and to perform its obligations
hereunder.&nbsp;&nbsp;The execution and delivery by Seller of this Agreement and the instruments required to be executed and delivered
by it pursuant hereto, the performance by Seller of its obligations hereunder and the consummation by Seller of the Transaction
and the other transactions contemplated by this Agreement have been duly authorized by all necessary corporate action on the part
of Seller and no other authorization or consent of its direct or indirect stockholders is necessary.&nbsp;&nbsp;This Agreement
has been duly executed and delivered by Seller and, assuming this Agreement constitutes a valid and binding obligation of the other
Party, this Agreement constitutes a valid and binding obligation of Seller, enforceable against Seller in accordance with its terms,
except as such enforceability may be limited by bankruptcy, insolvency, moratorium or other similar Legal Requirement affecting
or relating to creditors&rsquo; rights generally and general principles of equity, regardless of whether asserted in a Proceeding
in equity or at law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Capitalization</U>.&nbsp;&nbsp;The
authorized capital stock of the Company consists of (i) 6,000 shares of common stock, par value $0.01 per share (&ldquo;<B>Common
Stock</B>&rdquo;), of which 4,744.473 shares are issued and outstanding and constitute the Common Shares and (ii) 1,000 shares
of preferred stock, par value $0.01 per share (&ldquo;<B>Preferred Stock</B>&rdquo;), all of which shares are issued and outstanding
and constitute the Preferred Shares.&nbsp;&nbsp;All Shares (i) are duly authorized, validly issued, fully paid and non-assessable,
(ii) are free of any Encumbrances, and (iii) were not issued in violation of any Legal Requirement or any preemptive rights or
rights of first refusal created by statute, the certificate of incorporation or bylaws or any agreement to which the Company is
a party or by which it is bound.&nbsp;&nbsp;There are no options, warrants, calls, rights, commitments or agreements that are outstanding
to which the Company is a party or by which it is bound, obligating the Company to issue, deliver, sell, repurchase or redeem,
or cause to be issued, delivered, sold, repurchased or redeemed, any Common Stock or Preferred Stock or any other equity security
in the Company or obligating the Company to grant, or enter into any option, warrant, call, right, commitment or agreement regarding
any other equity security in the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Noncontravention</U>.&nbsp;&nbsp;Neither
the execution and delivery by Seller of this Agreement, nor the consummation of the Transaction or any of the other transactions
contemplated by this Agreement, will: (a) conflict with or violate any provision of the certificate of incorporation or bylaws
(or similar organizational documents) of the Company or any of its Subsidiaries, as amended to date; (b)&nbsp;except as set forth
on <U>Section 3.6</U> of the Disclosure Schedule, conflict with, result in a breach of, constitute (with or without due notice
or lapse of time or both) a default under, result in the acceleration of obligations under, create in any party any right to terminate
or modify, or require any notice, consent or waiver under, any Material Contract (including any Lease) to which a member of the
DK Group is a party or by which any</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">member of the DK Group is bound; or (c) violate
any Legal Requirement applicable to any member of the DK Group or any of its properties or assets.&nbsp;&nbsp;Except as may be
required by the HSR Act or, to the Knowledge of Seller, comparable Legal Requirements in foreign jurisdictions, no consent, approval,
order or authorization of, or registration, declaration or filing with, or any permit, order, authorization, consent or approval
of, any Governmental Authority is required to be obtained or made by Seller at or prior to the Closing Date in order for Seller
to execute and deliver this Agreement or to consummate the Closing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Financial
Statements; Inventory; Undisclosed Liabilities.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attached
as <U>Section 3.7(a)</U> of the Disclosure Schedule are: (i) the unaudited consolidated balance sheets, statements of income and
statements of cash flows of the Company and its Subsidiaries as of and for the fiscal years ended December 31, 2015 and December
31, 2014 (collectively, the &ldquo;<B>Annual Financial Statements</B>&rdquo;); and (ii) (x) the unaudited consolidated balance
sheet of the Company and its Subsidiaries as of the Company Balance Sheet Date and (y) the unaudited consolidated statement of
income and statement of cash flows of the Company and its Subsidiaries for the six (6) month period ended June 30, 2016 (such balance
sheet and statement of income, collectively, the &ldquo;<B>Interim Financial Statements</B>&rdquo;).&nbsp;&nbsp;The Annual Financial
Statements and the Interim Financial Statements are collectively referred to herein as the &ldquo;<B>Company Financial Statements</B>&rdquo;.&nbsp;&nbsp;Except
as set forth in <U>Section 3.7(a)</U> of the Disclosure Schedule (the &ldquo;<B>IFRS Exceptions</B>&rdquo;), the Company Financial
Statements (i) were prepared in all material respects in accordance with IFRS consistently applied by the Company and its Subsidiaries
throughout the periods covered thereby; and (ii) fairly present, in all material respects, the financial condition and results
of operations of the Company and its Subsidiaries as of the dates indicated therein and for the periods covered thereby, subject,
in the case of all of the Company Financial Statements, to the absence of footnotes and, in the case of the Interim Financial Statements,
to normal year-end adjustments, which are not expected to be material individually or in the aggregate; <I>provided, however</I>,
that no representations or warranties whatsoever are made by Seller as to (i) any deferred tax assets or deferred tax liabilities
contained in the Company Financial Statements, and (ii) the value of any intangible assets contained in the Company Financial Statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as set forth on <U>Section 3.7(b)</U> of the Disclosure Schedule, the Inventory of the Company and its Subsidiaries as of the Company
Balance Sheet Date is in good and marketable condition in all material respects, and is usable and of a quantity and quality saleable
in the Ordinary Course of Business, all subject to reserves set forth in the Company Balance Sheet.&nbsp;&nbsp;Reserves in the
Company Balance Sheet for obsolete, excess, damaged, slow-moving, or otherwise unusable Inventory were calculated in accordance
with IFRS, subject to the IFRS Exceptions, and in a manner consistent with past practice and methods.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
accounts receivable of the DK Group as of the date of the Company Balance Sheet are reflected on the Company Balance Sheet (collectively,
the <B>&ldquo;Accounts Receivable&rdquo;</B>) and (i) have arisen only from <I>bona fide</I> transactions, (ii) represent valid
obligations and (iii) are owned by a member of the DK Group free of all Encumbrances whatsoever.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
accounts payable of the DK Group reflected on the Company Balance Sheet, and all accounts payable arising after the date of such
Company Balance Sheet through the date hereof, arose from <I>bona fide</I> transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
of the date hereof, the DK Group has no Liabilities except for any Liabilities (a)&nbsp;set forth in, reflected in, reserved against
or disclosed in the Company Balance Sheet, (b) incurred in the Ordinary Course of Business since the Company Balance Sheet Date,
(c)&nbsp;&nbsp;under Material Contracts or other contracts or agreements of the Company or its Subsidiaries not required by the
terms hereof to be disclosed in the Disclosure Schedule (in each case, other than Liabilities arising as a result of a breach thereunder
by a member of the DK Group), (d)&nbsp;that have been discharged or paid in full in the Ordinary Course of Business, (e) that are
included in the calculation of Working Capital, Net Financial Debt, Unpaid Restructuring Costs or the DK Group Internal Debt Costs,
(f) for Taxes or (g) set forth in <U>Section&nbsp;3.7(e)</U> of the Disclosure Schedule.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Absence
of Certain Changes</U>.&nbsp;&nbsp;Except as set forth in <U>Section 3.8</U> of the Disclosure Schedule, from the Company Balance
Sheet Date to the date of this Agreement, the Company and its Subsidiaries have operated only in the Ordinary Course of Business
and there has not been any (i) to the Knowledge of Seller, event or development that would, individually or in the aggregate, have
a Company Material Adverse Effect, (ii) significant damage to or destruction or loss of any material asset or property of the Company
or any of its Subsidiaries, whether or not covered by insurance, (iii) change in any accounting or tax methods, principles or practices
or elections, other than in a manner required by IFRS or Legal Requirements, (iv) settlement or compromise of any Tax liability
with respect to the Company and its Subsidiaries, nor has there been any surrender of any right in respect of Taxes or consent
to any extension or waiver of the limitation period applicable to any claim or assessment in respect of Taxes of the Company or
its Subsidiaries, nor has any election been made, changed or revoked with regard to Taxes or any amended Tax Returns filed with
respect to Taxes of the Company or its Subsidiaries, or (v) revaluation of any assets of the Company or its Subsidiaries, including
inventory or accounts receivable write-downs, except as reflected in the Company Financial Statements.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Litigation</U>.&nbsp;&nbsp;Except
as set forth on <U>Section 3.9</U> of the Disclosure Schedule, (a) there is no Proceeding pending or, to the Knowledge of Seller,
threatened in writing against the Company as to which (i) if adversely determined, would result in a material liability to the
DK Group not reserved for in the Company Balance Sheet, or (ii)&nbsp;enjoins or seeks to enjoin any material activity by any member
of the DK Group, and to the Knowledge of Seller there is no basis for any such Proceedings, and (b) there is no outstanding injunction,
judgment, order, decree, ruling or charge of a Governmental Authority to which any member of the DK Group is a party or by which
it is bound that would, individually or in the aggregate, have a Company Material Adverse Effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Intellectual
Property.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Section
3.10(a)</U> of the Disclosure Schedule sets forth a complete and accurate list of all patents, registered copyrights, registered
trademarks and service marks, all domain names, and all applications for the foregoing which constitute Owned Intellectual</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">Property, including the record owner of such
Owned Intellectual Property and the jurisdictions in which each of the Owned Intellectual Property has been issued or registered
or in which any such application for issuance or registration has been filed, as well as all future deadlines for renewals and
pending registrations (including office actions) through December 31, 2016 that are not the responsibility of licensees under IP
Out-Licenses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Section
3.10(b)</U> of the Disclosure Schedule sets forth a complete and accurate list of all contracts of the Company and its Subsidiaries
by which the Company or its Subsidiaries receives rights in or to any Third Party Intellectual Property (other than agreements
relating to commercially-available, off-the-shelf software) under which the Company or its Subsidiaries is obligated to make payments
to third parties in excess of $250,000 in any single calendar year for use of any Third Party Intellectual Property, and whether
the grant of rights is exclusive or non-exclusive (&ldquo;<B>IP In-Licenses</B>&rdquo;).&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Section
3.10(c)</U> of the Disclosure Schedule sets forth a complete and accurate list of all agreements of the Company and its Subsidiaries
by which the Company or its Subsidiaries grants material or exclusive rights in or to any Owned Intellectual Property to any Person
other than a member of the DK Group (&ldquo;<B>IP Out-Licenses</B>,&rdquo; and collectively with the IP-In Licenses, the &ldquo;<B>IP
Licenses</B>&rdquo;).&nbsp;&nbsp;Except as set forth in Section <U>3.10(c)</U> of the Disclosure Schedule, the Company and its
Subsidiaries are not in default in any material respect under any IP License, nor, to the Knowledge of Seller, is any other party
to an IP License in default in any material respect thereunder.&nbsp;&nbsp;The Company has delivered or made available to Purchaser
true, correct and complete copies of each contract set forth on <U>Section 3.10(b)</U> and <U>Section 3.10(c)</U> of the Disclosure
Schedule, together with all amendments, modifications or supplements thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as set forth in <U>Section 3.10(d)</U> of the Disclosure Schedule:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Company and its Subsidiaries own all right, title and interest in and to all of the Owned Intellectual Property (it being understood
that the foregoing shall not, in any event, be construed as a representation regarding non-infringement, absence of misuse or misappropriation,
or similar claim, with respect to the Owned Intellectual Property and the Third Party Intellectual Property) and such Owned Intellectual
Property is not subject to any order or proceeding from any Governmental Authority other than office actions issued by trademark
offices of jurisdictions where applications are pending;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to
the Knowledge of Seller, the Current Company Business does not infringe or violate any Intellectual Property rights of any Person
in any material respect.&nbsp;&nbsp;Since January 1, 2015, the Company has not received any written notice asserting that any Owned
Intellectual Property conflicts with the Intellectual Property rights of any Person;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to
the Knowledge of Seller, other than as set forth in <U>Section 3.10(d)(iii)</U> of the Disclosure Schedule, there is no infringement,
dilution, or misappropriation in any material respect of any Owned Intellectual Property by any Person;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other
than as set forth in <U>Section 3.10(d)(iv)</U> of the Disclosure Schedule, all necessary registration, maintenance and renewal
fees currently due in connection with all Owned Intellectual Property have been paid;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither
the execution, delivery nor performance of this Agreement by Seller nor the consummation by Seller of the Transaction will contravene,
conflict with or result in any limitations on the Company&rsquo;s right, title or interest in or to any Owned Intellectual Property;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Since
January 1, 2015, other than as set forth in <U>Section&nbsp;3.10(d)(vi)</U> of the Disclosure Schedule, the Company has not entered
into any forbearance to sue or settlement agreement with respect to any Owned Intellectual Property and no claims have been asserted
by any Person with respect to the validity or enforceability of, the Company&rsquo;s ownership of or right to use, such Owned&nbsp;&nbsp;Intellectual
Property.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company maintains procedures relating to the protection of trade secrets, confidential information and know-how of the Company
in a manner consistent with the protection procedures customarily used by companies in the same industry as the Company to protect
rights of like importance.&nbsp;&nbsp;Since January 1, 2015, there has been no claim asserted in writing by any of the Company&rsquo;s
personnel or consultants against the Company in connection with such Person&rsquo;s involvement in the conception and development
of any Owned Intellectual Property.&nbsp;&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Privacy
and Data Security Matters.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other
than as set forth in <U>Section&nbsp;3.11(a)</U> of the Disclosure Schedule, the Company has not issued, the Company has not been
notified by any Governmental Authority and, to the Knowledge of Seller, the Company is not required to issue, any notifications
under any Legal Requirement relating to the actual or suspected unauthorized access or acquisition of personally identifiable information,
or other protected data or information as required by Legal Requirement, and to the Knowledge of the Seller, no such actual or
suspected unauthorized access or acquisition of such information has occurred.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Since
January 1, 2015, the Company has not undergone any audit or regulatory inquiry from any Governmental Authority with respect to
privacy and/or data security of personally identifiable information and, to the Knowledge of Seller, is not subject to any current
inquiry from any Governmental Authority (including complaints from any individuals provided to such Governmental Authority) regarding
same.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Interested
Party Transactions</U>.&nbsp;&nbsp;Other than as set forth in <U>Section 3.12</U> of the Disclosure Schedule, no member of the
DK Group is indebted to Seller or any of its Affiliates (other than other members of DK Group).&nbsp;&nbsp;Except as set forth
in <U>Section 3.12</U> of the Disclosure Schedule, neither Seller nor any of its Affiliates (other than members of DK Group) owns
or has any interest in any property (real or personal, tangible or intangible) used in the business of the Company or any of its
Subsidiaries other than as a result of Seller&rsquo;s ownership of Shares.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Material
Contracts.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Section
3.13(a)</U> of the Disclosure Schedule lists all of the Material Contracts in effect as of the date of this Agreement.&nbsp;&nbsp;The
Company has made available to Purchaser a complete and accurate copy of each such Material Contract, or in the case of oral Material
Contracts, an accurate summary of the material terms thereof, and all amendments or modifications thereto that exist as of the
date of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as set forth in <U>Section 3.13(b)</U> of the Disclosure Schedule, with respect to each Material Contract listed in <U>Section
3.13(a)</U> of the Disclosure Schedule: (i) such Material Contract is in full force and effect and constitutes a legal, valid and
binding agreement of the Company or its Subsidiaries, and, to the Knowledge of Seller, each Material Contract is a legal, valid
and binding agreement of any other party thereto, (ii) neither the Company nor any of its Subsidiary is in breach or default of
such Material Contract in any material respect and to the Knowledge of Seller, as of the date hereof, no other party to such Material
Contract is in breach or default of such Material Contract in any material respect, and (iii) to the Knowledge of Seller, no event
has occurred that with notice or lapse of time would constitute a breach or default in any material respect thereunder by the Company
or its Subsidiaries, or would permit the material modification or premature termination of such Material Contract by any other
party thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<B>Material
Contract</B>&rdquo; means (A) any Lease or (B) any written or oral contract, agreement, instrument, commitment or other legally
enforceable undertaking or arrangement to which the Company or any of its Subsidiaries is a party or to which any of their respective
assets are bound:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that
is a supplier, vendor or other contract related to the Company&rsquo;s or any of its Subsidiaries&rsquo; products or services,
including those relating to sales, distribution, marketing, packaging or formulation of products involving payment in excess of
$300,000 per annum or $600,000 in the aggregate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that
limits or restricts in any material respect the ability of the Company or any of its Subsidiaries to compete or otherwise to conduct
its Current Company Business or to solicit or hire any Person with respect to employment;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;relating
to the incurrence, assumption or guarantee of any Financial Debt or imposing an Encumbrance on any material assets of the Company
or any of its Subsidiaries, in each case involving payment in excess of $200,000 per annum or $400,000 in the aggregate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that
is a lease or similar contract with any Person under which (A) the Company or any of its Subsidiaries is lessee of, or holds or
uses, any machinery, equipment, vehicle or other tangible personal property owned by any Person or (B) the Company or any of its
Subsidiaries is a lessor or sublessor of, or makes available for use by any Person, any tangible personal property owned or leased
by the Company or any of its Subsidiaries, in each case involving payment in excess of $300,000 per annum or $600,000 in the aggregate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that
is an inventory supply or product manufacturing agreement, in each case involving payment in excess of $300,000 per annum or $600,000
in the aggregate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that
relates to a franchise, joint venture or partnership agreement involving the Company or any of its Subsidiaries;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;pursuant
to which the Company or any of its Subsidiaries has granted any exclusive rights, title or interest in, under or to any Owned Intellectual
Property that is registered with the United States Patent and Trademark Office or that relates to any IP License;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that
is any employment or consulting contract (in each case with respect to which the Company or any of its Subsidiaries has continuing
obligations as of the date hereof, including change in control benefits or severance benefits) with any current or former (A) executive
officer of the Company or any of its Subsidiaries, (B) member of the Company&rsquo;s or any of its Subsidiaries Board of Directors
(or similar management board), or (C)&nbsp;employee providing for an annual base salary in excess of $150,000;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;between
any member of the DK Group and Seller, its parent or any of their Affiliates (other than members of the DK Group);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;with
any labor union or association representing any employee of the Company or any of its Subsidiaries, or involving collective bargaining
with any employee of the Company or any of its Subsidiaries;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(xi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;for
the sale of any of the assets of the Company or any of its Subsidiaries other than in the Ordinary Course of Business or for the
grant to any person of any preferential right to purchase any of its assets;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(xii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;relating
to the acquisition (by merger, purchase of stock or assets or otherwise) by the Company or any of its Subsidiaries of any operating
business or material assets or the capital stock of any other Person;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(xiii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;providing
for the exclusive right to distribute products of the Company or any of its Subsidiaries in any geographic region or distribution
channel or providing the Company or any of its Subsidiaries with exclusive rights to production materials and supplies;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(xiv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;under
which any distributor or other Person other than the Company or any of its Subsidiaries owns or controls any registrations or Permits
required for the sale of the Company&rsquo;s products (and those of its Subsidiaries) in any geographic region;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(xv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that
is an option, profit sharing, bonus, incentive or other compensation or benefit or retirement plan to which any member of the DK
Group is obligated; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(xvi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;stockholder
agreements, voting agreements or other agreements relating to transfer or voting of shares or other equity interests of any member
of the DK Group.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employees</U>.&nbsp;&nbsp;<U>Section
3.14</U> of the Disclosure Schedule sets forth a complete and accurate list, as of the date of this Agreement, containing (i)&nbsp;the
names of all current employees of the DK Group receiving base salary in excess of a rate of $150,000 per annum in 2015 or 2016,
and (ii)&nbsp;their respective 2016 base salaries or wages, target incentive compensation and title.&nbsp;&nbsp;In addition, <U>Section
3.14</U> of the Disclosure Schedule sets forth a complete and accurate list of the target bonuses for 2016 of each employee of
the DK Group and the terms of such bonus opportunity.&nbsp;&nbsp;Except as provided in <U>Section 3.14</U> of the Disclosure Schedule,
all employees based in the United States are employed on an &ldquo;at-will&rdquo; basis and their employment can be terminated
at any time for any reason without any amounts being owed to such individual.&nbsp;&nbsp;Also set forth in <U>Section 3.14</U>
of the Disclosure Schedule is a list of individuals who received more than $100,000 in 2015 or received or are expected to receive
more than $100,000 in 2016 and are (A) &ldquo;leased employees&rdquo; within the meaning of Section 414(n) of the Code or (B) &ldquo;independent
contractors&rdquo; within the meaning of the Code and the rules and regulations promulgated thereunder, and in each case, the amount
paid by the Company and its Subsidiaries during calendar year 2015 and 2016.&nbsp;&nbsp;<U>Section 3.14</U> of the Disclosure Schedule
includes (i) a list those employees of the Company and its Subsidiaries that have executed a non-disclosure and non-solicitation
agreement and that have (x) received base salary in excess of a rate of $150,000 per annum for 2015 or 2016 or (y) are at the Director
level or above and (ii) the forms of such non-disclosure and non-solicitation agreements.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.15&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Title
to Property; Sufficiency.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company or its Subsidiaries has good and valid title to, or a valid leasehold interest in, all of the material tangible assets
reflected in the Company Balance Sheet or acquired after the Company Balance Sheet Date, free and clear of all Encumbrances, except
for the following (collectively, &ldquo;<B>Permitted Encumbrances</B>&rdquo;): (a) liens for current Taxes not yet due and payable;
(b) encumbrances that do not materially impair the ownership or use of the assets to which they relate; (c) liens securing debt
that is reflected on the Company Balance Sheet; (d) statutory or common law liens to secure obligations to landlords, lessors or
renters under leases or rental agreements; (e) deposits or pledges made in connection with, or to secure payment of, workers&rsquo;
compensation, unemployment insurance or similar programs mandated by Legal Requirement; and (f) statutory or common law liens in
favor of carriers, warehousemen, mechanics and materialmen, to secure claims for labor, materials or supplies, and other like liens.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as set forth on <U>Section 3.15(b)</U> of the Disclosure Schedule, the properties, assets and rights of the Company and its Subsidiaries
constitute all of the assets and contractual rights of whatever kind and nature, real or personal, tangible or intangible that
are used in the Current Company Business and are sufficient in all material respects for the conduct of the Current Company Business
by the Company and its Subsidiaries immediately following the Closing in substantially the same manner as currently conducted.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.16&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Real
Estate</U>.&nbsp;&nbsp;Except as set forth in <U>Section 3.16</U> of the Disclosure Schedule:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Section
3.16(a)</U> of the Disclosure Schedule sets forth a complete and accurate list of each lease, sublease, license, or other agreement
for the use or occupancy of real property by the Company or one of its Subsidiaries with a remaining term of over one year and
requiring payments of more than $50,000 per year in which the Company and/or its Subsidiaries is a party or otherwise has any right
or interest, identifying (i) the street address (or, if applicable, the shopping center or mall in which each premises is located),
city and state for each property, (ii) the name of the third party Lessor, and (iii) the date of each Lease and each restatement,
supplement, amendment and modification thereof (each a &ldquo;<B>Lease</B>&rdquo; and, collectively, &ldquo;<B>Leases</B>&rdquo;).&nbsp;&nbsp;All
Leases are in full force and effect and are binding and enforceable against the Company and its Subsidiaries, as applicable, and,
to the Knowledge of Seller, against the respective third party lessors, sublessors, licensors, and other parties to such Leases
(collectively, &ldquo;<B>Lessors</B>&rdquo;), except as such enforceability may be limited by bankruptcy, insolvency, moratorium
or other similar Legal Requirement affecting or relating to creditors&rsquo; rights generally and general principles of equity,
regardless of whether asserted in a proceeding in equity or at law.&nbsp;&nbsp;True and correct copies of all such Leases, as restated,
supplemented, amended or modified through the date hereof, have been made available to Purchaser.&nbsp;&nbsp;Neither the Company
nor any of its Subsidiaries owns any real property. Except as set forth in <U>Section 3.16(a)</U> of the Disclosure Schedule, no
Lessor has notified any member of the DK Group that a Lease that has been terminated after January 1, 2015 by the Company or one
of its Subsidiaries has not been terminated in accordance with its terms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as set forth on <U>Section&nbsp;3.16(b)</U> of the Disclosure Schedule, with respect to the Leases, (1) neither the Company nor
any of its Subsidiaries is in default of any material monetary covenant or otherwise in material default under any of the other
terms of the Leases, (2) to the Knowledge of Seller, no Lessor is in default in any material respect under any of the terms of
the Leases and, (3) to the Knowledge of Seller, no event has occurred and no circumstance exists which, if not remedied, and whether
with or without notice or the passage of time or both, would result in such a default by the Company or its Subsidiaries, or permit
the termination or modification of, or acceleration of rent under, any Lease.&nbsp;&nbsp;Neither the Company nor any of its Subsidiary
has received or given any written notice of any default or event that with notice or lapse of time, or both, would constitute a
default by the Company or any of its Subsidiaries under any of the Leases.&nbsp;&nbsp;Each of the Company and each of its Subsidiary,
as applicable, has a valid, binding and enforceable leasehold interest under each of the Leases under which it is a lessee, free
and clear of all Encumbrances. Except as set forth on <U>Section 3.16(b)</U> of the Disclosure Schedule, (i) none of Seller, the
Company or any of its Subsidiary has received any written notice of any violation of a Legal Requirement relating to the premises
leased under a Lease and (ii) to the Knowledge of Seller, there are no material capital expenditures required to be made by the
Company or any of its Subsidiary in connection with the Real Property in order to comply with applicable Legal Requirements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company and its Subsidiaries are in occupancy of all of the real property leased, subleased, licensed or otherwise demised under
the Leases (collectively, the &ldquo;<B>Real Property</B>&rdquo;), and no Person has the right to use or occupy any portion of
the Real</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">Property other than the Company or its Subsidiaries.&nbsp;&nbsp;The
Leases constitute all of the real property used, occupied or operated by the Company and its Subsidiaries.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.17&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Environmental
Matters</U>.&nbsp;&nbsp;The Company and its Subsidiaries are in material compliance with all Environmental Laws relating to the
properties or facilities used, leased or occupied by the Company or any of its Subsidiaries which compliance includes obtaining,
maintaining and complying with all Permits required under Environmental Laws to conduct the business of the Company and each of
its Subsidiaries.&nbsp;&nbsp;To the Knowledge of Seller, no facts, circumstances or conditions exist with respect to the Company
or any of its Subsidiaries or any property owned, operated or leased by the Company or any of its Subsidiaries or any property
to which the Company or any of its Subsidiaries arranged for the disposal or treatment of Hazardous Materials that could reasonably
be expected to result in the Company or any of its Subsidiaries, either individually or in the aggregate, incurring material liabilities
under Environmental Laws.&nbsp;&nbsp;No material civil, criminal or administrative Proceeding or, to the Knowledge of Seller, investigation
is pending against the Company or any of its Subsidiaries, or, to the Knowledge of Seller, is being threatened in writing against
the Company or any of its Subsidiaries, with respect to Hazardous Materials or Environmental Laws.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.18&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Taxes</U>.&nbsp;&nbsp;Except
as set forth in <U>Section 3.18</U> of the Disclosure Schedule:&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the Knowledge of Seller, (i) all income and other material Tax Returns required to be filed by or on behalf of the Company, any
of its Subsidiaries or any Affiliated Group of which the Company or any of its Subsidiaries is or was a member have been, or will
be, duly and timely filed with the appropriate Governmental Authority and all such Tax Returns are true, complete and correct in
all material respects and have been completed in accordance with applicable laws; (ii) all income and other material Taxes owed
by the Company, any of its Subsidiaries or any Affiliated Group of which the Company or any of its Subsidiary is or was a member
(whether or not reflected on any Tax Returns) have been or will be timely paid in full when due; (iii) the unpaid income and other
material Taxes of the Company and its Subsidiaries for the Pre-Closing Tax Period will not materially exceed the amount reflected
on the Measurement Date Balance Sheet Statement; (iv) the Company and its Subsidiaries and any Affiliated Group of which the Company
or any of its Subsidiaries is or was a member are not currently the beneficiary of any extension of time within which to file any
Tax Return; and (v) there are no Encumbrances on any of the assets of the Company or of its Subsidiaries that arose in connection
with any failure (or alleged failure) to pay any Tax, other than for Taxes not yet due or payable. For the purposes of a claim
for indemnification under <U>Section 9</U>, any inaccuracy in or breach of any representation or warranty set forth in this <U>Section
3.18(a)</U> with respect to a claim for indemnification by Purchaser for Taxes of a Post-Closing Tax Period of the Company or any
of its Subsidiaries shall be determined without regard to any Knowledge qualifier contained in or otherwise applicable to such
representation and warranty.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
of Company and its Subsidiaries have delivered to Purchaser true and complete copies of all income and other material (i) Tax Returns
filed by or with respect to each such entity (or, in, in the case of Tax Returns filed for an Affiliated Group of which the Company
or any of its Subsidiaries is or was a member, the portion of such consolidated Tax Returns relating to the Company and each of
its Subsidiaries) with respect to</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">their taxable years ended after December 31,
2011 and (ii) notices of administrative proceedings, audit reports, settlement agreements, requests for administrative adjustment
or similar notices, statements or requests issued with respect to each such entity or their respective businesses or assets by
any Governmental Authority since December 31, 2011.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
of the Company and its Subsidiaries has complied in all material respects with all applicable laws relating to the payment and
withholding of Taxes, and all Taxes that each of such corporations is required by law to withhold or collect have been duly withheld
or collected and have been timely paid over to the appropriate Governmental Authority to the extent due and payable, including
in connection with amounts paid or owing to any shareholder, employee, independent contractor or other third party.&nbsp;&nbsp;No
portion of any of the payments to be made by the Purchaser pursuant to this Agreement is subject to any such withholding. Neither
the Company nor any of its Subsidiaries has consented to extend the time, or is the beneficiary of any extension of time, in which
any income Tax may be assessed or collected by any Governmental Authority (other than any extension which is no longer in effect).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
tax claims, audits or proceedings by any taxing authority are pending, or to the Knowledge of the Seller, the Company or any of
its Subsidiaries, threatened against or with respect to the Company or its Subsidiaries, nor has any deficiency for any Tax been
asserted against the Company or any of its Subsidiaries or such Affiliated Group to the extent they relate to the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Within
the three-year period ending as of the date of this Agreement, neither Company or any of its Subsidiaries has distributed the stock
of another entity or has had its stock distributed by another entity in a transaction that was purported or intended to be governed
in whole or in party by Section 355 or 361 of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
material claim has ever been made in writing by a Governmental Authority in a jurisdiction where the Company or its Subsidiaries
does not file Tax Returns that (i) the Company or its Subsidiaries is or may be subject to taxation by that jurisdiction or (ii)
the Company or any of its Subsidiaries has established a permanent establishment or has engaged in business in any jurisdiction
where such entity does not file Tax Returns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither
the Company nor any of its Subsidiaries is a party to or has engaged in any transaction that is a &ldquo;reportable transaction,&rdquo;
as such term is defined in Section 1.6011-4(b)(1) of the Treasury Regulations, or any transaction that is or is substantially similar
to a &ldquo;listed transaction&rdquo; under Section 1.6011-4(b)(2) of the Treasury Regulations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as set forth on <U>Section&nbsp;3.18(h)</U> of the Disclosure Schedule, neither the Company nor any of its Subsidiaries will be
required to include any item of income in, or exclude any item of deduction from, taxable income for any taxable period (or portion
thereof) ending after the Closing Date as a result of any: (i) change in method of accounting made prior to the Closing Date or
the use of any improper method of accounting, in each case pursuant to Section 481(a) of the Code (or any corresponding or similar
provision of state, local, or foreign Legal Requirement); (ii) closing agreement as described in Section 7121</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">of the Code (or any corresponding or similar
provision of state, local, or foreign Legal Requirement) executed prior to the Closing Date; (iii) installment sale or open transaction
disposition made on or prior to the Closing Date; (iv) prepaid amount received on or prior to the Closing Date; (v) election under
Section 108(i) of the Code; or (vi) intercompany transaction under Treas. Reg. 1.1502-13 or excess loss accounts described in Treas.
Reg. 1.1502-19.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Neither the Company nor any of its Subsidiaries nor the Seller (i) has been a member of an Affiliated Group or filed or been included
in a combined, consolidated or unitary income Tax Return (other than any such Tax Return of which the Seller is the common parent),
(ii) has any liability for Taxes of another Person under Section 1.1502-6 of the Treasury Regulations (or any similar provision
of state, local or foreign law), as a transferee or successor, by contract or otherwise, or (iii) as of the Closing Date, is or
will be a party to or bound by, or liable for any Taxes as a result of, any Tax allocation or sharing agreement.&nbsp;&nbsp;The
Company is a member of a Seller Group for purposes of federal consolidated income Tax Returns and a member of other Seller Groups
with respect to consolidated, combined or unitary Tax Returns in certain state, local and foreign jurisdictions.&nbsp;&nbsp;Seller
has filed a consolidated federal income tax return with the Company and its Subsidiaries for the taxable year immediately preceding
the current taxable year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither
the Company nor its Subsidiaries have ever been a United States real property holding corporation within the meaning of Section
897(c)(2) of the Code during the applicable period specified in Section 897(c)(1)(A)(ii) of the Code.&nbsp;&nbsp;Neither the Company
nor its Subsidiaries (i) owns a &ldquo;U.S. real property interest&rdquo; as such term is defined under Section 897(c) of the Code
or the Treasury Regulations promulgated thereunder; or (ii) has made the election provided under Section 897(i) of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Section&nbsp;3.18(k)</U>
of the Disclosure Schedule lists each contract, agreement or arrangement with or for the benefit of any current or former employee
or other service provider of the Company or its Subsidiaries that may include &ldquo;nonqualified deferred compensation&rdquo;
(as such term is described in Section 409A(d)(1) of the Code) subject to Section 409A of the Code (or any state law equivalent)
and the Treasury Regulations and guidance thereunder (&ldquo;<B>Section 409A</B>&rdquo;).&nbsp;&nbsp;Each such nonqualified deferred
compensation contract, agreement or arrangement, if any, is in operational compliance and documentary compliance with Section 409A
in all material respects, and the Company and its Subsidiaries have complied in all material respects with any tax withholding
and/or reporting requirements arising from the application of Section 409A.&nbsp;&nbsp;No nonqualified deferred compensation plan
that currently is intended to be a &ldquo;grandfathered plan&rdquo; under Section 409A and was originally exempt from application
of Section 409A as a &ldquo;grandfathered plan&rdquo; has been subject to a &ldquo;material modification&rdquo; (within the meaning
of Section 409A) at any time and remains so exempt.&nbsp;&nbsp;To the Knowledge of Seller, no compensation shall be includable
in the gross income of any employee or other service provider of the Company or its Subsidiaries as a result of the operation of
Section 409A with respect to any such nonqualified deferred compensation contract, agreement or arrangement, as in effect prior
to the Closing.&nbsp;&nbsp;There is no contract, agreement, plan or arrangement to which the Company or its Subsidiaries is a party,
including the provisions of this Agreement, covering any employee or other service provider of the Company or its Subsidiaries,
which individually or collectively could require the Company or</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">its Subsidiaries to pay a Tax gross-up payment
to, or otherwise indemnify or reimburse, any such employee or other service provider for Tax-related payments (including penalties,
additional tax and interest) resulting from a failure to comply with Section 409A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither
the Seller, the Company nor any of its Subsidiaries has received any letter ruling from the IRS (or any comparable ruling from
any other Governmental Authority) or has applied for a ruling relative to Taxes or entered into a closing agreement with any Governmental
Authority with respect to any Tax matter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other
than as shown on <U>Section 3.18(m)</U> of the Disclosure Schedule, neither the Company nor any of its Subsidiaries (i) owns an
interest in any (A) domestic international sales corporation, (B) foreign sales corporation, (C) controlled foreign corporation,
or (D) passive foreign investment company, each within the meaning of the Code, and (ii) has, and has not previously had, any permanent
establishment in any foreign country, as defined in the relevant Tax treaty between the United States of America and such foreign
country.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither
the Company nor any of its Subsidiaries has entered into a gain recognition agreement as contemplated by the Treasury Regulations
promulgated under Section 367 of the Code.&nbsp;&nbsp;Neither the Company nor any of its Subsidiaries has participated in an international
boycott, as contemplated in the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
material related party transactions involving the Company or any of its Subsidiaries is or were at arm&rsquo;s length and in compliance
with Section&nbsp;482 of the Code and the Treasury Regulations promulgated thereunder and any comparable provision of any Tax law.&nbsp;&nbsp;Each
of the Company and its Subsidiaries has maintained documentation (including any applicable transfer pricing studies) in connection
with such related party transactions in accordance with Sections&nbsp;482 and 6662 of the Code and the Treasury Regulations promulgated
thereunder and any comparable provision of any Tax law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.19&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employee
Benefit Plans</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employee
Plans</U>.&nbsp;&nbsp;<U>Section 3.19(a)</U> of the Disclosure Schedule sets forth a complete and accurate list of each &ldquo;employee
benefit plan&rdquo;, as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (&ldquo;<B>ERISA</B>&rdquo;),
each multiemployer plan within the meaning of Section 3(37) of ERISA (a &ldquo;<B>Multiemployer Plan</B>&rdquo;) and each other
employment, bonus, pension, profit sharing, retirement, deferred compensation, incentive compensation, stock option, profits interest
or other equity or equity-based compensation, employment, consulting, severance, retention, change in control, disability, vacation,
death benefit, scholarship, fringe, cafeteria, flex, hospitalization or other medical plan, policy, program, arrangement or agreement
which is sponsored, maintained, contributed to, or required to be contributed to by the Company or any of its Subsidiaries or by
any other Person or entity (whether or not incorporated) that is or at any relevant time was treated as a single employer with
the Company or any of its Subsidiaries within the meaning of Section 414(b), (c), (m) or (o) of the Code (an &ldquo;<B>ERISA Affiliate</B>&rdquo;),
(i) with or for the benefit of any Person who performs or who has performed services for the Company or any of its Subsidiaries
(or beneficiary or dependent thereof), or (ii)&nbsp;with respect to which the Company or</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">any of its Subsidiaries has any liability or
obligation (collectively, the &ldquo;<B>Company</B> <B>Employee Plans</B>&rdquo;).&nbsp;&nbsp;Except as set forth in <U>Section
3.19(a)</U> of the Disclosure Schedule, neither the Company nor any of its Subsidiaries has announced any plan or made any commitment
to create or become a participating employer in any additional Company Employee Plan after the date of this Agreement or modify,
change or terminate after the date of this Agreement any existing Company Employee Plan in any material respect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With
respect to each Company Employee Plan, excluding any Multiemployer Plan, Seller has furnished or made available to Purchaser a
current, accurate and complete copy of the governing plan document(s) and, as applicable, (i) any related trust agreement, annuity
or insurance contract, or other funding vehicle; (ii) the summary plan description and any material modifications thereof, (iii)
the two most recent annual Form 5500 filings (including any attached schedules), (iv) the most recent actuarial reports, (v) the
two most recent annual financial statements, (vi) the most recent favorable determination or opinion letter, as applicable, received
from the Internal Revenue Service, and (vii) all material correspondence with the IRS, the Department of Labor, the Pension Benefit
Guaranty Corporation, and any other governmental entity during the last six (6) years with respect to any Company Employee Plan
that is a funded &ldquo;pension plan&rdquo; (within the meaning of Section 3(2) of ERISA), including copies of such material correspondence
relating to any pending application for a favorable determination letter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as set forth in <U>Section 3.19(c)</U> of the Disclosure Schedule, each Company Employee Plan other than a Multiemployer Plan and,
to the Knowledge of Seller, each Multiemployer Plan, has been established, maintained, operated, funded and administered in all
material respects in accordance with its terms and in&nbsp;&nbsp;all material respects in compliance with the requirements of applicable
Legal Requirements (including ERISA and the Code), and, to the Knowledge of Seller, no event has occurred or condition exists with
respect to any Company Employee Plan which could reasonably be expected to result in the imposition of any material penalty or
liability.&nbsp;&nbsp;Each Company Employee Plan that is intended to be qualified under Section 401(a) of the Code is covered by
a favorable IRS determination letter, is the subject of an application for a determination letter from the IRS or is entitled to
rely upon an opinion letter from the Internal Revenue Service to the plan sponsor as to its qualified status under the Code and
the exempt status under the Code of its related trust, including all currently effective amendments to the Code, and, to the Knowledge
of Seller, no events or circumstances have occurred that have resulted or could reasonably be expected to result in the loss of
the tax-qualified status of any such Company Employee Plan.&nbsp;&nbsp;All contributions, benefit payments, premium deposits or
other payments required to be made to or under any Company Employee Plan (other than a Multiemployer Plan) have been timely made,
and all contributions, benefit payments, premium deposits or other payments that have accrued, but have not been made or paid because
they are not yet due, have been properly accrued in accordance with IFRS, subject to the IFRS Exceptions, on the Company Financial
Statements.&nbsp;&nbsp;With respect to each Company Employee Plan that is not a Multiemployer Plan and, to the Knowledge of Seller,
with respect to each Multiemployer Plan, there has been no unresolved non-exempt &ldquo;prohibited transaction&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>(within the meaning of Section 4975 of the Code or Sections 406 or 407 of ERISA) and there has been no breach of any applicable
fiduciary responsibility or obligation under Title I of ERISA that would, individually or in the aggregate, result in material
liability</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">or obligation to the Company or any of its
Subsidiaries.&nbsp;&nbsp;With respect to each Company Employee Plan that is not a Multiemployer Plan, and, to the Knowledge of
Seller, with respect to each Multiemployer Plan, there are no claims (other than routine claims for benefits), lawsuits, audits
(other than required annual audits), regulatory investigations or other proceedings pending or, to the Knowledge of Seller, threatened.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as set forth in <U>Section 3.19(d)</U> of the Disclosure Schedule, no Company Employee Plan (other than a Multiemployer Plan) is
or has been (i) subject to Title IV or Section 302 of ERISA or Section 412 of the Code, (ii) a multiple employer plan (as described
in Section 413(c) of the Code), (iii) a defined benefit pension or similar plan or scheme subject to Legal Requirements outside
of the United States, (iv) a &ldquo;funded welfare plan&rdquo; within the meaning of Section 419 of the Code, or (v) a multiple
employer welfare arrangement, as defined under Section 3(40)(A) of ERISA (without regard to Section 514(b)(6)(B) of ERISA).&nbsp;&nbsp;To
the Knowledge of the Seller, except as set forth on <U>Section 3.19(d)</U> of the Disclosure Schedule, none of the Company or any
of the Subsidiaries has any liability under or with respect to any Company Employee Plan or otherwise arising out of the misclassification
of any service provider as a consultant or independent contractor and not as an employee.&nbsp;&nbsp;Except as set forth in <U>Section
3.19(d)</U> of the Disclosure Schedule, neither the Company nor any of its Subsidiaries has incurred or could reasonably be expected
to incur any obligation or liability, whether direct, indirect, contingent or otherwise (including on account of an ERISA Affiliate)
under or with respect to (x) any &ldquo;employee pension plan&rdquo; (within the meaning of Section 3(2) of ERISA) that is or was
subject to Section 412 of the Code or Section 302 or Title IV of ERISA, or (y) on account of any violation of the health care continuation
requirements of Part 6 of Subtitle B of Title I of ERISA or Section 4980B of the Code. Neither the Company nor any of its Subsidiaries
has engaged in any transaction described in Section 4069, 4204 or 4212 of ERISA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither
the Company, any of its Subsidiaries nor any of its or their ERISA Affiliates has incurred any liability on account of a &ldquo;complete
withdrawal&rdquo; or a &ldquo;partial withdrawal&rdquo; (within the meaning of Sections 4203 and 4205 of ERISA, respectively) from
any Multiemployer Plan, and, to the Knowledge of Seller, no circumstance exists that would reasonably be expected to give rise
to any such withdrawal. Except as set forth in <U>Section 3.19(e)</U> of the Disclosure Schedule, neither the Company nor any of
its ERISA Affiliates has received notice since January 1, 2013 of any Multiemployer Plan&rsquo;s (i) failure to satisfy the minimum
funding requirements of Section 412 of the Code or application for or receipt of a waiver of such minimum funding requirements,
(ii) &ldquo;endangered status&rdquo; or &ldquo;critical status&rdquo; (within the meaning of Section 432 of the Code) or (iii)
insolvency, &ldquo;reorganization&rdquo; (within the meaning of Section 4245 or 4241 of ERISA) or proposed or, to the Knowledge
of Seller, threatened termination. All contributions, surcharges and premium payments owed by the Company and its ERISA Affiliates
with respect to each Multiemployer Plan have been paid when due. Seller has furnished or made available to Purchaser true and complete
copies of any material correspondence or notifications received by the Company, any of its Subsidiaries or any ERISA Affiliate
since January 1, 2013 which relates to the funded status, potential withdrawal liability or financial condition of any Multiemployer
Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
Company Employee Plan that covers current or former employees or other service providers of the Company or a Subsidiary who are
located</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">primarily in any jurisdiction outside of the
United States (a &ldquo;<B>Non-U.S. Plan</B>&rdquo;) (i) if intended to qualify for special Tax treatment, meets all requirements
for such treatment, (ii) if required to be registered, has been registered with the appropriate Governmental Authorities and has
been maintained in good standing with the appropriate Governmental Authorities, and (iii) if required to be funded, book-reserved
or secured by an insurance policy, is fully funded, book-reserved or secured by an insurance policy, as applicable, based on reasonable
actuarial assumptions in accordance with applicable accounting principles or Legal Requirements. From and after the Closing, the
Company and its Subsidiaries will receive the full benefit of any funds, accruals and reserves under the Non-U.S. Plans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as required under Section 601 et seq. of ERISA or under the agreements or offer letters disclosed on <U>Section 3.13(a)</U> of
the Disclosure Schedule, neither the Company nor any of its Subsidiaries has any liability for or obligation to provide benefits
or coverage in the nature of health, life, disability or other welfare benefits following retirement or other termination of employment
to any current or former employees or their respective beneficiaries or dependents.&nbsp;&nbsp;Except as noted on <U>Section 3.19(g)</U>
of the Disclosure Schedule or as restricted by Legal Requirement, each Company Employee Plan that is an &ldquo;employee welfare
benefit plan&rdquo;, as defined in Section 3(1) of ERISA but excluding&nbsp;&nbsp;a plan or arrangement that provides severance
or vacation benefits to employees generally or to a specified class of employees and/or any plan sponsored by Seller or any of
its Affiliates (other than a member of the DK Group), can be prospectively amended or terminated by the Company or its Subsidiaries,
as applicable, in accordance with its terms and subject to any reasonable advance notice requirements without material liability
to the Company or any of its Subsidiaries, other than for administrative expenses incurred in connection therewith and benefits
incurred under the terms of such Company Employee Plan up to the effective date of any such amendment or termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as noted on <U>Section 3.19(h)</U> of the Disclosure Schedule, neither the execution and delivery of this Agreement nor the consummation
of the Transaction or any of the other transactions contemplated by this Agreement will (either alone or together with any other
event) (i) entitle any current or former employee or other service provider of the Company or any of its Subsidiaries to severance
pay or benefits or any other pay or benefits (including change in control, golden parachute, retention bonus or other similar payment
under any Company Employee Plan or other arrangement), (ii) accelerate the time of payment, funding or vesting of any payment,
distribution, benefits or equity award, (iii)&nbsp;increase the amount of any compensation or benefit payable by the Company or
any of its Subsidiaries, or (iv) result in any forgiveness of indebtedness of any current or former employee or service provider
of the Company or any of its Subsidiaries. Neither the Company nor any of its Subsidiaries is a party to or obligated under any
plan, agreement, policy or arrangement pursuant to which the Company, any such Subsidiary or, following the Closing, the Purchaser
and/or any Subsidiary of Purchaser has, will have or may incur an obligation to (x) make any payment that would be nondeductible
by reason of Section 280G of the Code or (y) pay, indemnify or reimburse any Person for the payment of any Taxes imposed under
Section 4999 of the Code.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.20&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employee
Matters</U>.&nbsp;&nbsp;Except as set forth on <U>Section 3.20</U> of the Disclosure Schedule, the Company and its Subsidiaries
have complied in all material respects with all</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">applicable Legal Requirements respecting employment,
including Legal Requirements respecting employment practices, terms and conditions of employment, nondiscrimination, labor and
immigration matters, wages and hours and data privacy, and the payment of social security and other Taxes, and neither the Company
nor any of its Subsidiaries is delinquent to, or has failed to pay, any of its employees, consultants or contractors for any wages
(including overtime, meal breaks or waiting time penalties), salaries, commissions, accrued and unused vacation, on-call payments,
equal pay, or other payments to which they would be entitled under Legal Requirements.&nbsp;&nbsp;Except as set forth on <U>Section
3.20</U> of the Disclosure Schedule, there are no lawsuits or other proceedings pending or, to the Knowledge of Seller, being threatened
in writing against the Company or any of its Subsidiaries by current or former employees including any claims for actual or alleged
harassment or discrimination based on race, national origin, age, sex, sexual orientation, religion, disability, or similar tortuous
conduct, wage and hour claims, breach of contract, wrongful termination, defamation, intentional or negligent infliction of emotional
distress, interference with contract or interference with actual or prospective economic advantage and there has been no lawsuit,
proceeding or claim filed or pending before any Governmental Authority prior to the date of this Agreement relating to the employment
of labor or personnel of the Company or any of its Subsidiaries.&nbsp;&nbsp;There are no claims pending or, to the Knowledge of
Seller, threatened, against the Company and its Subsidiaries under any workers&rsquo; compensation or long term disability plan
or policy applicable to any current or former employees other than as are covered by insurance.&nbsp;&nbsp;Except as set forth
on <U>Section 3.20</U> of the Disclosure Schedule, neither the Company nor any of its Subsidiaries is a party to any collective
bargaining agreement or other labor union contract, nor, to the Knowledge of Seller, are there any activities or proceedings of
any labor union, works council or other employee representation group to organize the employees of the Company or any of its Subsidiaries.&nbsp;&nbsp;To
the Knowledge of Seller, no union representation elections relating to the Company&rsquo;s or its Subsidiaries&rsquo; employees
have been scheduled by any Governmental Authority and, except as set forth on <U>Section 3.20</U> of the Disclosure Schedule, no
investigation of the employment policies or practices of the Company or its Subsidiaries by any Governmental Authority is pending
or threatened.&nbsp;&nbsp;There has not been over the last three years any labor strike, slowdown or work stoppage or lockout by
employees of the Company or its Subsidiaries.&nbsp;&nbsp;The Company and its Subsidiaries have provided all of their employees
with all wages, benefits, relocation benefits, stock options, bonuses and incentives and all other compensation which became due
and payable through the date of this Agreement.&nbsp;&nbsp;Except as set forth on <U>Section 3.20</U> of the Disclosure Schedule,
none of the Company or its Subsidiaries has instituted any &ldquo;freeze&rdquo; of, or delayed or deferred the grant of, any cost-of-living
or other salary adjustments for any of its employees.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.21&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Insurance</U>.&nbsp;&nbsp;<U>Section
3.21</U> of the Disclosure Schedule sets forth, as of the date of this Agreement, a complete and accurate list of all policies
of liability, general liability, errors and omissions and other similar forms of insurance which are held and maintained by the
Company or any of its Subsidiaries (&ldquo;<B>Insurance Policies</B>&rdquo;).&nbsp;&nbsp;As of the date of this Agreement, there
is no material claim pending under any of the Insurance Policies as to which coverage has been questioned, denied or disputed by
the underwriters of such policies, and such policies are in full force and effect.&nbsp;&nbsp;As of the date of this Agreement
there has been no written notice of the termination of, or material premium increase with respect to, any of such policies.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.22&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compliance
with Laws and Regulations</U>.&nbsp;&nbsp;Except as set forth on <U>Section&nbsp;3.22</U> of the Disclosure Schedule:&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company and its Subsidiaries are in compliance in all material respects with, and have not received any written or to the Knowledge
of Seller, oral notices or communication from any Governmental Authority of any pending violation with respect to, any material
Legal Requirements.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company and its Subsidiaries have all material federal, state, county, local or foreign Governmental Authority consents, licenses,
permits, grants or other authorizations (&ldquo;<B>Permits</B>&rdquo;) or exemptions required under applicable Legal Requirements
to conduct the Current Company Business (&ldquo;<B>Registrations</B>&rdquo;), except where the failure to so have any Registrations
would not have a Company Material Adverse Effect.&nbsp;&nbsp;Each of the Registrations is held in the name of the Company or one
of its Subsidiaries and, to the Knowledge of Seller, is valid and subsisting in full force and effect in all material respects.&nbsp;&nbsp;To
the Knowledge of Seller, no Governmental Authority is considering limiting, suspending, or revoking such Registrations and neither
the Company nor any of its Subsidiaries has submitted any false or misleading information, or made a significant omission, in any
application for a Registration or other submission to any Governmental Authority under any Legal Requirement.&nbsp;&nbsp;The Company
and its Subsidiaries have fulfilled and performed all material obligations under each Registration, and no event has occurred or
condition or state of facts exists that would constitute a material breach or default or would cause revocation or termination
of any such Registration.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.23&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Import
and Export Controls</U>.&nbsp;&nbsp;Except as set forth in <U>Section 3.23</U> of the Disclosure Schedule, there is no pending
or, to the Knowledge of Seller, threatened in writing Proceeding against, or, to the Knowledge of Seller, investigation by a Governmental
Authority of, the Company or any of its Subsidiaries, nor is there any order imposed (or, to the Knowledge of Seller, threatened
in writing to be imposed) upon the Company or any of its Subsidiaries by or before any Governmental Authority, in each case, in
connection with an alleged violation of any Legal Requirement relating to the import or export of data, goods or services to or
from any foreign jurisdiction against which the United States or the United Nations maintains sanctions or export controls, including
applicable regulations of the U.S. Department of Commerce, the U.S. Department of State and the Office of Foreign Asset Control
of the U.S. Department of Treasury.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.24&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Foreign
Corrupt Practices Act</U>.&nbsp;&nbsp;Except as set forth on <U>Section 3.24</U> of the Disclosure Schedule, since July 1, 2011,
(a) the Company and its Subsidiaries, directors, officers and employees have complied in all material respects with the U.S. Foreign
Corrupt Practices Act of 1977, as amended, the UK Bribery Act of 2010, and any other applicable foreign or domestic anticorruption
or antibribery Legal Requirements (collectively, the &ldquo;<B>Fraud and Bribery Laws</B>&rdquo;), and (b) no member of the DK
Group nor, to the Knowledge of Seller, any of their respective directors, officers, employees, agents or other Representatives
acting on the Company&rsquo;s behalf have directly or indirectly, in each case, in any material respect in violation of the Fraud
and Bribery Laws: (i) used any corporate funds for unlawful contributions, gifts, entertainment or other unlawful expenses relating
to political activity, (ii) offered, promised, paid or delivered any fee, commission or other sum of money or item of value, however
characterized, to any finder, agent or other party acting on behalf of or under the auspices of a</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">governmental or political employee or official
or governmental or political entity, political agency, department, enterprise or instrumentality, in the United States or any other
country, (iii) made any payment to any customer or supplier, or to any officer, director, partner, employee or agent of any such
customer or supplier, for the unlawful sharing of fees to any such customer or supplier or any such officer, director, partner,
employee or agent for the unlawful rebating of charges, (iv) engaged in any other unlawful reciprocal practice, or made any other
unlawful payment or given any other unlawful consideration to any such customer or supplier or any such officer, director, partner,
employee or agent or (v) taken any action or made any omission in violation of any applicable Legal Requirement governing imports
into or exports from the United States or any foreign country, or relating to economic sanctions or embargoes, corrupt practices,
money laundering, or compliance with unsanctioned foreign boycotts.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.25&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Brokers&rsquo;
and Finders&rsquo; Fees</U>.&nbsp;&nbsp;No broker, finder or investment banker is or may be entitled to brokerage or finders&rsquo;
fees or agents&rsquo; commissions or investment bankers&rsquo; fees or any similar charges from any member of the DK Group in connection
with this Agreement or any transaction contemplated hereby.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.26&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Securities
Law Matters.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>General</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
acquisition of the G-III Stock Consideration by Seller pursuant to this Agreement will not contravene any Legal Requirement binding
on Seller or any restriction applicable to Seller.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seller
is not acquiring the G-III Stock Consideration as a nominee or agent or otherwise for any other person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seller
understands that the offer and sale of the G-III Stock Consideration to Seller is being made without registration of the shares
of Purchaser Common Stock comprising the G-III Stock Consideration under the Securities Act, or any securities law of any state
of the United States or of any other jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Information
Concerning Purchaser</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seller
confirms that it is not relying on any communication (written or oral) of the Purchaser or any of its Affiliates, as investment
advice or as a recommendation to purchase the G-III Stock Consideration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seller
is familiar with the business and financial condition and operations of Purchaser and has had access to such information concerning
Purchaser and the Purchaser Common Stock as it deems necessary to enable it to make an informed investment decision concerning
the purchase of the G-III Stock Consideration.&nbsp;&nbsp;Seller has been afforded an opportunity to ask questions of Purchaser
in connection with its investment in the Purchaser Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seller
understands that no federal or state agency has passed upon the merits or risks of an investment in the Purchaser Common Stock
comprising the G-III Stock Consideration or made any finding or determination concerning the fairness or advisability of this investment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Status
of Seller</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seller
has such knowledge, skill and experience in business, financial and investment matters that Seller is capable of evaluating the
merits and risks of an investment in the Purchaser Common Stock. With the assistance of Seller&rsquo;s own professional advisors,
to the extent that Seller has deemed appropriate, Seller has made its own legal, tax, accounting and financial evaluation of the
merits and risks of an investment in the Purchaser Common Stock as provided herein. Seller understands and accepts that the purchase
of the G-III Stock Consideration involves various risks and has considered the suitability of the Purchaser Common Stock as an
investment in light of its own circumstances and financial condition and Seller is able to bear the risks associated with an investment
in the Purchaser Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seller
is an &ldquo;accredited investor&rdquo; as defined in Rule 501(a) under the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Restrictions
on Transfer or Sale of G-III Stock Consideration</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seller
is acquiring the G-III Stock Consideration solely for Seller&rsquo;s own beneficial account, for investment purposes, and not with
a view to, or for resale in connection with, any distribution of the G-III Stock Consideration. Seller understands that the shares
of Purchaser Common Stock comprising the G-III Stock Consideration have not been registered under the Securities Act or any state
securities laws by reason of specific exemptions under the provisions thereof which depend in part upon the investment intent of
Seller and of the other representations made by Seller in this Agreement. Seller understands that Purchaser is relying upon the
representations and agreements of Seller contained in this Agreement for the purpose of determining whether the sale of the G-III
Stock Consideration to Seller meets the requirements for such exemptions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seller
understands that the shares of Purchaser Common Stock comprising the G-III Stock Consideration are &ldquo;restricted securities&rdquo;
under applicable federal securities laws and that the Securities Act and the rules of the SEC provide in substance that Seller
may dispose of the G-III Stock Consideration only pursuant to an effective registration statement under the Securities Act or an
exemption therefrom, and Seller understands that Purchaser has no obligation or intention to register any of the G-III Stock Consideration
except as provided in the Registration Rights Agreement. Consequently, Seller understands that Seller may have to bear the economic
risks of the investment in the Purchaser Common Stock for an indefinite period of time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seller
agrees: (A) that Seller will not sell, assign, pledge, give, transfer or otherwise dispose of the G-III Stock Consideration or
any interest therein, or make any offer or attempt to do any of the foregoing, except pursuant to an effective registration</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">statement under the Securities Act and in compliance
with applicable state securities laws, or in a transaction which is exempt from the registration provisions of the Securities Act
and all applicable state securities laws; (B) that, subject to the Registration Rights Agreement, the certificates representing
the G-III Stock Consideration will bear a legend in the form set forth in paragraph (v) below making reference to the foregoing
restrictions; and (C) that Purchaser and its Affiliates shall not be required to give effect to any purported transfer of any shares
of Purchaser Common Stock comprising the G-III Stock Consideration except upon compliance with the foregoing restrictions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the knowledge of Seller, neither Purchaser nor any other Person offered to sell Purchaser Common Stock to it by means of any form
of general solicitation or advertising, including but not limited to: (A) any advertisement, article, notice or other communication
published in any newspaper, magazine or similar media or broadcast over television or radio or (B) any seminar or meeting whose
attendees were invited by any general solicitation or general advertising.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
certificates representing the G-III Stock Consideration sold to Seller pursuant to this Agreement will be imprinted with a legend
in substantially the following form:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 76.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 76.5pt; text-align: justify">&ldquo;THE SECURITIES EVIDENCED
BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE &ldquo;SECURITIES ACT&rdquo;), OR
THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. THE SECURITIES MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED
EXCEPT (1) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OR (2) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE SECURITIES ACT, IN EACH CASE IN ACCORDANCE WITH ALL APPLICABLE STATE SECURITIES LAWS AND THE SECURITIES LAWS OF OTHER
JURISDICTIONS, AND IN THE CASE OF A TRANSACTION EXEMPT FROM REGISTRATION (OTHER THAN A TRANSACTION IN COMPLIANCE WITH RULE 144
UNDER THE SECURITIES ACT), UNLESS THE COMPANY HAS RECEIVED AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO IT THAT SUCH TRANSACTION
DOES NOT REQUIRE REGISTRATION UNDER THE SECURITIES ACT AND SUCH OTHER APPLICABLE LAWS.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.27&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Other Representations or Warranties</U>.&nbsp;&nbsp;Except for the representations and warranties contained in this <U>Section&nbsp;3</U>
(as modified by the Disclosure Schedule), neither Seller nor any other Person on behalf of Seller makes any other express or implied
representation or warranty with respect to Seller, the Company or any other member of the DK Group or the Transaction, and Seller
disclaims any other representations or warranties, whether made by Seller or any of its Affiliates or Representatives. The Parties
agree that neither Seller nor any other Person on behalf of Seller makes any representation or warranty with respect to the Company
or any other member of the DK Group regarding any projections or probable or future profitability of the Company or any other member
of the DK Group.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I><U>Representations
and Warranties of Purchaser</U></I>.&nbsp;&nbsp;Purchaser represents and warrants to Seller as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Organization,
Standing and Power</U>.&nbsp;&nbsp;Purchaser is a corporation duly organized, validly existing and in good standing under the laws
of the State of Delaware.&nbsp;&nbsp;There is no pending or, to the Knowledge of Purchaser, threatened in writing Proceeding for
the dissolution, liquidation or insolvency of Purchaser.&nbsp;&nbsp;Purchaser has all requisite corporate power to own its properties
and to carry on its business as presently conducted and is qualified to do business and is in good standing as a foreign corporation
or similar entity in each jurisdiction where the ownership, leasing or operation of its assets or properties or conduct of its
business requires such qualification, except where the failure to be so organized, qualified or in such good standing, or to have
such power or authority, are not, individually or in the aggregate, reasonably likely to have a Purchaser Material Adverse Effect.&nbsp;&nbsp;Purchaser
is not in violation of any of the provisions of its certificate of incorporation or bylaws.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Authorization
and Binding Obligation of Purchaser</U>.&nbsp;&nbsp;Purchaser has all requisite corporate power and authority to execute and deliver
this Agreement, to consummate the Transaction and the other transactions contemplated by this Agreement and to perform its obligations
hereunder.&nbsp;&nbsp;The execution and delivery by Purchaser of this Agreement and the instruments required to be executed and
delivered by it pursuant hereto, the performance by Purchaser of its obligations hereunder and the consummation of the Transaction
and the other transactions contemplated by this Agreement have been duly authorized by all necessary corporate action on the part
of Purchaser, and no other authorization or consent of Purchaser or its stockholders is necessary.&nbsp;&nbsp;This Agreement has
been duly executed and delivered by Purchaser, and, assuming this Agreement constitutes the valid and binding obligation of Seller,
this Agreement constitutes a valid and binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms,
except as such enforceability may be limited by bankruptcy, insolvency, moratorium or other similar laws affecting or relating
to creditors&rsquo; rights generally and general principles of equity, regardless of whether asserted in a proceeding in equity
or at law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Noncontravention</U>.&nbsp;&nbsp;Neither
the execution and delivery by Purchaser of this Agreement, nor the consummation by Purchaser of the Transaction or any of the other
transactions contemplated by this Agreement, will: (a) conflict with or violate any provision of the certificate of incorporation
or bylaws of Purchaser; (b)&nbsp;except as set forth on <U>Section 4.3</U> of the Disclosure Schedule, conflict with, result in
a breach of, constitute (with or without due notice or lapse of time or both) a default under, result in the acceleration of obligations
under, create in any party any right to terminate or modify, or require any notice, consent or waiver under, any contract or agreement
to which Purchaser is a party or by which Purchaser is bound, except for any conflict, breach, default, acceleration or right to
terminate or modify, or, notice, consent, or waiver (which if not made or obtained) would not reasonably be expected to have a
material adverse effect on the ability of Purchaser to execute and deliver this Agreement or consummate the Closing; (c) violate
any Legal Requirement applicable to Purchaser or any of its properties or assets, except for any violation that would not reasonably
be expected to have a material adverse effect on the ability of Purchaser to execute and deliver this Agreement or consummate the
Closing; or (d) render Purchaser insolvent or unable to pay its debts as they become due.&nbsp;&nbsp;Except as may be required
by the HSR Act or comparable Legal Requirements in</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">foreign jurisdictions, no consent, approval,
order or authorization of, or registration, declaration or filing with, or any permit, order, authorization, consent or approval
of, any Governmental Authority is required to be obtained or made by Purchaser at or prior to the Closing Date in order for Purchaser
to execute and deliver this Agreement or to consummate the Closing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Litigation</U>.&nbsp;&nbsp;There
is no Proceeding pending or threatened in writing against Purchaser that challenges the validity of this Agreement or the Transaction
or any of the other transactions contemplated by this Agreement, and to the Knowledge of Purchaser there is no basis for any such
proceedings.&nbsp;&nbsp;There is no Proceeding pending or threatened in writing against Purchaser that, if decided adversely, would
reasonably be expected to have a Purchaser Material Adverse Effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Financing</U>.&nbsp;&nbsp;Purchaser
has delivered to Seller a true correct and complete fully executed copy of the debt commitment letter dated as of the date of this
Agreement (together with the exhibits, schedules and annexes thereto, as amended, supplemented or otherwise modified in accordance
with the terms therein and herein, the &ldquo;<B>Debt Commitment Letter</B>&rdquo;) and a true and correct copy of the fee letter
referenced therein (subject to redaction of the fee amounts and &ldquo;flex&rdquo; provisions which do not, for the avoidance doubt,
create or modify any conditions to the Financing) (as amended, supplemented or otherwise modified in accordance with the terms
therein and herein, the &ldquo;<B>Fee Letter</B>&rdquo;), pursuant to which the Lenders have committed, on the terms and subject
to the conditions set forth therein, to provide to Purchaser the amount of financing set forth in the Debt Commitment Letter (the
&ldquo;<B>Financing</B>&rdquo;).&nbsp;&nbsp;As of the date of this Agreement, the Debt Commitment Letter is a legal, valid and
binding obligation of Purchaser and, to the Knowledge of the Purchaser, the Lenders, enforceable against Purchaser and, to the
Knowledge of the Purchaser, the Lenders in accordance with its terms (except, in each case, as may be limited by any bankruptcy,
insolvency, reorganization, moratorium, fraudulent conveyance or similar laws affecting the enforcement of creditors&rsquo; rights
generally or by general principles of equity), is in full force and effect, has not been amended, modified, withdrawn, terminated
or rescinded in any respect, and no event has occurred or fact exists which (with or without notice, lapse of time or both) would
reasonably be expected to constitute a breach thereunder on the part of Purchaser or, to the Knowledge of Purchaser, the Lenders.&nbsp;&nbsp;There
are no conditions precedent to the funding of the Financing, other than as expressly set forth in the Debt Commitment Letter.&nbsp;&nbsp;The
net proceeds of the Financing, when funded on the Closing Date in accordance with the terms of the Debt Commitment Letter, and
the Note Consideration and G-III Stock Consideration, will be sufficient for the satisfaction of all of Purchaser&rsquo;s obligations
under this Agreement, including the payment of the Cash Consideration and the repayment of all LVMH Intercompany Debt owing as
of the Closing Date.&nbsp;&nbsp;As of the date hereof, Purchaser has no reason to believe that any of the conditions to the Financing
will not be satisfied or that the Financing will not be available in full to the Purchaser on the Closing Date assuming the satisfaction
of the conditions precedent to Purchaser&rsquo;s obligations to effect the Closing under this Agreement.&nbsp;&nbsp;Purchaser has
paid all fees under the Fee Letter due and payable thereunder through the date hereof.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Stock
Issuance</U>. At the Closing, the G-III Stock Consideration will have been duly authorized, validly issued, fully paid, non-assessable
and free and clear of all Encumbrances and free of all transfer restrictions other than those restrictions under applicable federal
and state securities laws. Subject to the accuracy of Seller&rsquo;s representations and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">warranties set forth in <U>Section 3.26</U>,
the G-III Stock Consideration will be issued in compliance with all applicable Legal Requirements, including the Securities Act
and the NASDAQ Rules, and none of the G-III Stock Consideration will be issued in violation of any preemptive or other rights of
any Person to acquire securities of Purchaser.&nbsp;&nbsp;Purchaser has reserved a sufficient number of shares of Purchaser Common
Stock in order to fulfill its obligations hereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>SEC
Reports; Financial Statements; Registration Rights.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchaser
has timely filed all forms, reports, statements, certifications and other documents (including all exhibits, amendments and supplements
thereto) required to be filed by it with the SEC since February&nbsp;1, 2015 under Section 13, 14 or 15(d) of the Exchange Act
(all such forms, reports, statements, certificates and other documents filed since February&nbsp;1, 2015, collectively, the &ldquo;<B>Purchaser
SEC Documents</B>&rdquo;).&nbsp;&nbsp;As of their respective dates, or, if amended, as of the date of the last such amendment,
each of the Purchaser SEC Documents complied in all material respects with the applicable requirements of the Exchange Act as in
effect on the date so filed.&nbsp;&nbsp;As of their respective filing dates and in the case of Purchaser&rsquo;s proxy statement
on the date of mailing (or, if amended or superseded by a subsequent filing, as of the date of such amendment or superseding filing),
none of the Purchaser SEC Documents (including any financial statements or schedules included therein) contained any untrue statement
of a material fact or omitted to state a material fact required to be stated or incorporated by reference therein or necessary
in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.&nbsp;&nbsp;No
Subsidiary of Purchaser is, or since February&nbsp;1, 2015 has been, required to file any form, report, registration statement
or other document with the SEC.&nbsp;&nbsp;As used in this&nbsp;<U>Section&nbsp;4.7</U>, the term &ldquo;filed&rdquo; shall be
broadly construed to include any manner in which a document or information was filed, furnished, transmitted, supplied or otherwise
made available to the SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There
are no outstanding or unresolved comments in any comment letters received by Purchaser from the SEC.&nbsp;&nbsp;To the Knowledge
of Purchaser, none of the Purchaser SEC Documents is the subject of any ongoing review by the SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
audited consolidated financial statements of Purchaser (including any related notes thereto) contained in or incorporated by reference
in the Purchaser SEC Documents were prepared in accordance with U.S. GAAP applied on a consistent basis throughout the period involved
(except as may be indicated in the notes thereto) and fairly present in all material respects the consolidated financial position
of Purchaser and its Subsidiaries at the date thereof and the results of their operations and cash flows for the periods indicated,
all in accordance with U.S. GAAP.&nbsp;&nbsp;The unaudited consolidated financial statements of Purchaser (including any related
notes thereto) included in Purchaser&rsquo;s quarterly reports on Form&nbsp;10-Q filed with the SEC since January 31, 2016 have
been prepared in accordance with U.S. GAAP applied on a consistent basis throughout the periods involved (except as may be indicated
in the notes thereto or may be permitted by the SEC under the Exchange Act) and fairly present in all material respects the consolidated
financial position of Purchaser and its Subsidiaries as of the respective dates thereof and the results of their operations and
cash flows for the periods indicated (subject to normal period-end adjustments), all in accordance with U.S. GAAP.&nbsp;&nbsp;The
financial statements referred to in this&nbsp;<U>Section&nbsp;4.7</U>&nbsp;reflect the consistent application of such accounting
principles throughout the periods involved, except as disclosed</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">in the notes to such financial statements.&nbsp;&nbsp;No
financial statements of any Person other than Purchaser and its Subsidiaries are, or since February&nbsp;1, 2015 have been, required
by U.S. GAAP to be included in the consolidated financial statements of Purchaser.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchaser
has no agreement, arrangement or understanding that is currently in effect to register any securities of Purchaser or any of its
Subsidiaries under the Securities Act or under any state securities law and has not granted registration rights to any Person (other
than agreements, arrangements or understandings with respect to registration rights that are no longer in effect).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Capital
Structure.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
authorized capital stock of Purchaser consists of (i) 1,000,000 shares of &ldquo;blank check&rdquo; preferred stock, none of which
has been issued, and (ii) 120,000,000 shares of Purchaser Common Stock.&nbsp;&nbsp;As of July 18, 2016, there are issued and outstanding
(i)&nbsp;45,756,479 shares of Purchaser Common Stock (excluding 650,393 shares of Purchaser Common Stock held in treasury), (ii)
options to purchase 251,151 shares of Purchaser Common Stock (of which options to purchase an aggregate of 232,651 shares of Purchaser
Common Stock are exercisable), and (iii) unvested restricted stock units with respect to 1,829,334 shares of Purchaser Common Stock.&nbsp;&nbsp;In
addition, as of July 18, 2016, 2,135,449 shares of Purchaser Common Stock are reserved for future grants pursuant to the Purchaser&rsquo;s
2015 Long-Term Incentive Plan.&nbsp;&nbsp;All outstanding shares of Purchaser Common Stock have been duly authorized and validly
issued and are fully paid and non-assessable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There
are no voting trusts or other agreements or understandings to which Purchaser or any of its Subsidiaries is a party with respect
to the voting of the capital stock of Purchaser or any of its Subsidiaries.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Absence
of Certain Changes</U>.&nbsp;&nbsp;Since January 31, 2016 to the date of this Agreement, to the Knowledge of Purchaser, there has
not been any change or effect that, individually or in the aggregate, has had or is reasonably likely to have a Purchaser Material
Adverse Effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Brokers&rsquo;
and Finders&rsquo; Fee</U>.&nbsp;&nbsp;Except as set forth on <U>Section 4.10</U> of the Disclosure Schedule, no broker, finder
or investment banker is or may be entitled to brokerage or finders&rsquo; fees or agents&rsquo; commissions or investment bankers&rsquo;
fees or any similar charges from Purchaser or any of its Affiliates in connection with this Agreement or the Transaction or any
of the other transactions contemplated by this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Other Representations or Warranties</U>.&nbsp;&nbsp;Except for the representations and warranties contained in this <U>Section&nbsp;4</U>,
neither Purchaser nor any other Person on behalf of Purchaser makes any other express or implied representation or warranty with
respect to Purchaser or any Subsidiary of Purchaser or the Transaction, and Purchaser disclaims any other representations or warranties,
whether made by Purchaser or any of its Affiliates or Representatives.&nbsp;&nbsp;The Parties agree that neither Purchaser nor
any other Person on behalf of Purchaser makes any representation or warranty with respect to Purchaser or any Subsidiary of Purchaser
regarding any projections or probable or future profitability of Purchaser.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I><U>Conduct
Prior to the Closing Date</U></I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Conduct
of Business of Company</U>.&nbsp;&nbsp;During the period from the date of this Agreement through the Closing Date (the &ldquo;<B>Pre-Closing
Period</B>&rdquo;), except (i) as set forth in <U>Section 5.1</U> of the Disclosure Schedule, (ii) as consented to in writing by
Purchaser (which consent shall not be unreasonably, withheld, conditioned or delayed) or (iii) as contemplated in this Agreement,
(x) Seller shall cause the Company and its Subsidiaries to use commercially reasonable efforts to (1)&nbsp;carry on their respective
businesses in the Ordinary Course of Business, (2)&nbsp;preserve intact their respective present business organizations in all
material respects, and (3) preserve their respective relationships with customers, suppliers, distributors, licensors, licensees,
and others to whom the Company and its Subsidiaries has material contractual obligations in all material respects and (y) Seller
shall cause the Company and its Subsidiaries not to, without the prior written consent of Purchaser (which consent shall not be
unreasonably withheld, conditioned or delayed) (it being understood, however, that nothing contained in this <U>Section 5.1</U>
shall prevent any tax sharing payments to or by any member of the DK Group):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;amend
their respective certificate of incorporation or bylaws, as amended to date or amend the organizational documents of any Subsidiary
of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;issue,
purchase, redeem or sell any equity securities in the Company or a Subsidiary of the Company or any securities convertible into,
or exercisable or exchangeable for, any equity securities in the Company or a Subsidiary of the Company, or otherwise change their
respective capitalization as it exists on the date hereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;issue,
grant, or sell any options, stock appreciation or purchase rights, warrants, conversion rights or other rights, securities or commitments
obligating it to issue or sell any equity securities in the Company or a Subsidiary of the Company, or any securities or obligations
convertible into, or exercisable or exchangeable for, any equity securities in the Company or a Subsidiary of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;enter
into or amend, waive any rights under or consent to any action (other than with respect to immaterial rights or actions) otherwise
not permitted under any agreement pursuant to which the Company or one of its Subsidiaries (i) transfers or licenses to any Person
any Owned Intellectual Property, (ii)&nbsp;terminates, amends, restates, supplements or waives any rights regarding any Owned Intellectual
Property, other than in the Ordinary Course of Business, (iii) fails to pay all maintenance and similar fees or to take all other
appropriate actions as necessary to prevent the abandonment, loss or impairment of any material Owned Intellectual Property, or
(iv) otherwise grants to any person exclusive rights in any material Owned Intellectual Property;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)
acquire or sell, lease, assign, transfer, convey, license or otherwise dispose of any material property or assets, (ii) permit
the imposition of any Encumbrance (other than Permitted Encumbrances) on, any of its properties or assets that are material to
the Company and its Subsidiaries, or (iii) cancel any debts owed to or claims, or waive or release any material right, held by
the Company or any of its Subsidiaries (other than any DK Group Internal Debt or LVMH Intercompany Debt), in each case, outside
the Ordinary Course of Business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;form
any Subsidiary or acquire any equity interest in any other Person;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;incur
any Financial Debt in excess of $50,000, other than any LVMH Intercompany Debt;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;enter
into any contract or agreement that would be a Material Contract if it had been in existence on the date hereof, or prematurely
terminate or amend in any material respect any Material Contract except, in each case, in the Ordinary Course of Business or related
to the LVMH Intercompany Debt;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;materially
reduce the amount of any insurance coverage provided by the Insurance Policies other than upon the expiration of any such policy
or take any action that would cause any of the Insurance Policies or other insurance to lapse or be revoked, except with respect
to Insurance Policies that will expire and be replaced in the Ordinary Course of Business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;acquire
or agree to acquire by merging with, or by purchasing a substantial portion of the equity interests or assets of, or by any other
manner, any business or any corporation, partnership, association or other business organization or division thereof or otherwise
acquire or agree to acquire any assets that are material, individually or in the aggregate, to the Current Company Business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;except
for any conduct that does not change, affect and/or impair any Post-Closing Tax Period Taxes of the Company or any of its Subsidiaries,
none of the Seller, any member of Seller&rsquo;s U.S. consolidated group, the Company or any of its Subsidiaries shall make, change
or revoke any material election in respect of Taxes, or adopt or change any accounting method in respect of Taxes, file any amended
Tax return, enter into any closing agreement, settle any Tax claim or assessment, surrender any right to claim a refund for Taxes,
or consent to any extension or waiver of the limitation period applicable to any material claim or assessment in respect of Taxes;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;except
as required pursuant to the Material Contracts or otherwise required by applicable Legal Requirement (i) increase (or promise or
make any representation to increase) the compensation (including bonuses) or fringe benefits payable on or after the date hereof,
or to become payable on or after the date hereof to any current or former employee, director or executive officer of the Company
or any of its Subsidiaries (other than in the Ordinary Course of Business with respect to employees who are not officers or directors
of the Company or any of its Subsidiaries), (ii) grant any severance or termination pay to any current or former employee, director
or executive officer of the Company or any of its Subsidiaries other than in the Ordinary Course of Business, (iii) loan or advance
any money or other property to any present or former director, officer or employee of the Company or any of its Subsidiaries, (iv)
establish, adopt, enter into, amend (other than amendments that are required by Legal Requirement or that would result in <I>de
minimis</I> liability to the Company) or terminate any Company Employee Plan or any plan, agreement, program, policy, trust, fund
or other arrangement that would be a Company Employee Plan if it were in existence as of the date of this Agreement in any manner
that would increase or otherwise enhance the benefits</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">provided or to be provided to any employee
or other service provider, (v) terminate any employees or induce, or attempt to induce, any of such employees, whether directly
or indirectly, to terminate their employment with or services to the Company or any of its Subsidiaries, except for any such terminations
effectuated for cause or in the Ordinary Course of Business or (vi) hire any employee receiving annual salary in excess of $100,000;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;forgive
or cancel any material debt or claim or waive any right of material value, except for the repayment of LVMH Intercompany Debt,
including relating to Tax sharing payments with respect thereto;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;make
any capital expenditures, or binding commitments therefor, during 2016 of $250,000 for any single item or series of related items
or in excess of $4,500,000 in the aggregate from the date hereof through December 31, 2016;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;enter
into or materially amend any contract, understanding or commitment that restrains, restricts, limits or impedes the ability of
the Company or any of its Subsidiaries to compete with or conduct any business or line of business in any geographic area or solicit
the employment of any Persons other than in the Ordinary Course of Business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(p)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;make
any investments in or loans to, pay any fees or expenses to, enter into or modify any contract with any Related Party, except to
the extent required by Legal Requirement or pursuant to any existing Material Contract or otherwise in the Ordinary Course of Business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(q)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;except
as required as a member of the New York Coat and Suit Association, Inc., enter into, modify (including by extension or renewal)
or terminate any labor or collective bargaining agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(r)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;effect
any recapitalization or reclassification or split, combine or subdivide the securities of the Company or any of its Subsidiaries;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(s)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;institute
or settle any Proceeding other than in the Ordinary Course of Business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(t)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;make
any dividend to its equity holders, other than to another member of the DK Group;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(u)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;take
any action which would adversely affect in any material manner the ability of the Parties to consummate the Transaction;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;enter
into any lease, sublease, license or other use and occupancy agreement with respect to real property that would be a Lease if it
had been in existence on the date hereof, or prematurely terminate, modify, or amend any Lease; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(w)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;enter
into a binding agreement to take any of the actions described in <U>Sections 5.1(a)</U> through <U>5.1(v)</U>.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Seller
Actions</U>.&nbsp;&nbsp;During the Pre-Closing Period, Seller shall not transfer or dispose of any of the Shares.&nbsp;&nbsp;In
addition, during the Pre-Closing Period, Seller shall cause the Company and its Subsidiaries to comply with any and all applicable
notice or filing requirements under the Worker Adjustment and Retraining Notification Act of 1988, 29 U.S.C. &sect; 2101, et seq.,
as amended, or any similar Legal Requirement (collectively, &ldquo;<B>WARN Act</B>&rdquo;) for any terminations, plant closings,
or layoffs, or any other such triggering events under the WARN Act occurring during the Pre-Closing Period.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I><U>Additional
Agreements</U></I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">6.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Access
to Information</U>.&nbsp;&nbsp;During the Pre-Closing Period, subject to applicable Legal Requirements (including Antitrust Laws)
and any confidentiality obligations, Seller shall cause the Company to afford Purchaser and its officers, accountants and counsel
reasonable access during normal business hours to (i) all of the Company&rsquo;s and its Subsidiaries&rsquo; books, contracts,
commitments and records, and (ii) all other existing material information concerning the business, properties and personnel of
the Company and its Subsidiaries as Purchaser may reasonably request (which Seller acknowledges Purchaser may share with Barclays);
<I>provided, however,</I> that in exercising access rights under this <U>Section 6.1</U>, Purchaser shall not be permitted to interfere
unreasonably with, or otherwise disrupt, the conduct of the business of the Company or its Subsidiaries and shall provide the Company
and Seller with reasonable advance notice prior to accessing any of the foregoing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">6.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Confidentiality;
Public Disclosure.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchaser
and Seller shall agree on a joint press release to be issued in connection with and upon the execution of this Agreement.&nbsp;&nbsp;Except
as may otherwise be required by Legal Requirements and subject to clause (c) below, no Party shall make any other public announcement,
press release or response to media inquiries regarding this Agreement or the Transaction without the prior written consent of Seller
and Purchaser; <I>provided, however,</I> that the foregoing shall be inapplicable to investor conference calls or investor meetings
of Purchaser or Seller&rsquo;s Affiliates.&nbsp;&nbsp;Subject to clause (c) below, Seller and Purchaser shall consult with each
other with respect to any further public announcements regarding this Agreement and the Transaction required by Legal Requirements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject
to clause (c) below, each of the Parties agrees not to, and agrees to cause its Representatives not to, without the prior written
consent of the Seller and Purchaser, which shall be given in each such Party&rsquo;s sole discretion, use or divulge or communicate
to any person any Confidential Information (as defined in the Confidentiality Agreement) and, to the extent not included as Confidential
Information also including:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
information (including the terms thereof) relating to this Agreement or the Transaction, or any discussions, documents or agreements
related hereto or thereto;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
existence of and all information relating to and the provisions of, discussions and negotiations between or among the Parties or
any of their respective Representatives or Affiliates; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;non-public
information relating to the business or affairs of Seller, the Company or any of their respective Affiliates (the information covered
by (i) through (iii) is hereinafter collectively referred to as &ldquo;<B>Confidential Information</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seller
or Purchaser, as applicable, or their respective Representatives may disclose Confidential Information if and to the extent disclosure
is required by applicable Legal Requirements, including applicable stock exchange rules, or by legal process, including any Form
8-K or other report or filing made by a party to the SEC or any report or filing made by a party to the Autorit&eacute; des March&eacute;s
Financiers, provided that any disclosure of such Confidential Information is then only permitted to the minimum extent required
and provided that the disclosing party:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;has
(to the extent lawfully possible) first consulted with the other Party as to the nature, proposed form, timing and purpose of such
proposed disclosure;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;has
cooperated with the other Party to obtain a protective order; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;discloses
only such Confidential Information as is required under applicable Legal Requirements requiring such disclosure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
any of the Representatives of any Party, whether in his capacity as such or in any other capacity, takes any action that a Party
is obligated pursuant to this <U>Section 6.2</U> to cause such Representative not to take, then such Party shall be deemed for
all purposes of this Agreement to have breached this <U>Section 6.2</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
anything in this Section to the contrary, after execution of this Agreement, Purchaser or any of its Affiliates may disclose any
and all information regarding this Agreement and/or the transactions contemplated hereby which may, in any such Person&rsquo;s
reasonable discretion, be reasonably necessary in connection with the Financing, including in connection with the addition of any
Additional Commitment Party (as defined in the Debt Commitment Letter) as a party to the Debt Commitment Letter; provided that
the recipient of any such information is subject to a confidentiality obligation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">6.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Best
Efforts; Government Approvals and Financing.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchaser
and Seller shall each use best efforts to take, or cause to be taken, all actions necessary or appropriate to execute and deliver
this Agreement and consummate the Closing and the Transaction and bring about the fulfillment of the conditions precedent contained
in this Agreement.&nbsp;&nbsp;Each of Purchaser and Seller shall execute and deliver such further instruments of conveyance and
transfer and take such additional action as any other Party may reasonably request to effect, consummate, confirm, or evidence
the consummation of the Transaction.&nbsp;&nbsp;Without limiting the generality of the foregoing, Purchaser and Seller shall each:
(i) make any filings and give any notices required to be made or given by such Party in connection with the execution and delivery
of this Agreement, the consummation of the Closing and the Transaction, (ii) use best efforts to obtain any consent or authorization
from any Governmental Authority required to be obtained pursuant to any Legal Requirement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">by such Party in connection with this Agreement,
the consummation of the Closing and the Transaction, and (iii) use best efforts to lift any restraint, injunction or other legal
bar to the execution and delivery of this Agreement, the consummation of the Closing and the Transaction.&nbsp;&nbsp;Subject to
applicable Legal Requirements (including Antitrust Laws), each of Purchaser and Seller shall promptly deliver to the other a copy
of each such filing made, each such notice given and each such consent obtained during the Pre-Closing Period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchaser
shall use its best efforts to obtain the authorizations, consents, orders and approvals of all Governmental Authorities that may
be or become necessary for the consummation of the Transaction, and Seller will cooperate with Purchaser in promptly seeking to
obtain all such approvals.&nbsp;&nbsp;Purchaser shall (i)&nbsp;file, as promptly as practicable after the date of this Agreement,
all notices, reports and other documents required to be filed with any Governmental Authority with respect to this Agreement, the
consummation of the Closing and the Transaction, and (ii) submit promptly any additional information requested by any such Governmental
Authority and to cause to be taken, on a timely basis, all other actions necessary or appropriate for the purpose of consummating
the Closing and the Transaction, and Seller will cooperate with Purchaser and provide information to Purchaser as is reasonably
necessary for Purchaser to accomplish the same.&nbsp;&nbsp;If required by the HSR Act, each of Purchaser and Seller agrees to file
or cause to be filed any notifications and report forms (including any supporting materials required under applicable Legal Requirements)
with respect to the Transaction required to filed under the HSR Act for the Transaction as soon as reasonably practicable following
the date hereof, but in all events no later than September 15, 2016, and to submit all filings or notifications related to other
Antitrust Laws as soon as reasonably practicable following the date hereof, and to supply promptly any additional information and
documentary material that may be subsequently requested by the relevant Governmental Authority.&nbsp;&nbsp;Neither Purchaser nor
Seller will take any action that will have the effect of delaying, impairing or impeding the receipt of any required approvals
or expiration of required waiting periods.&nbsp;&nbsp;Purchaser shall pay, or cause to be paid, the filing or any similar fees
in connection with required filings or notifications, if any, by any of the Parties under the HSR Act or other Antitrust Laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
furtherance and not in limitation of the covenants of Purchaser contained in this Agreement, Purchaser shall use best efforts to
resolve such objections, if any, as may be asserted by the U.S. Federal Trade Commission, U.S. Department of Justice or other regulatory
body with respect to the Transaction; <I>provided, however,</I> that nothing in this <U>Section 6.3</U> shall require Purchaser
to divest, dispose, license or lease any of Purchaser&rsquo;s or Seller&rsquo;s assets, businesses, product lines, licenses or
operations or take or agree to take any other action or agree to any limitation or restriction on Purchaser or the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
furtherance and not in limitation of the foregoing, each Party hereto agrees to reasonably cooperate with one another to the extent
permitted by Legal Requirement in (i) the receipt of any necessary approvals and (ii) the resolution of any investigation or other
inquiry of any such Governmental Authority.&nbsp;&nbsp;Purchaser, in consultation with Seller, shall take the lead in communicating
with any Governmental Authority and developing strategy for responding to any investigation or other inquiry by any Governmental
Authority under any applicable Antitrust Laws.&nbsp;&nbsp;Notwithstanding the foregoing sentence, except as prohibited by any applicable
Legal Requirement, and except where impracticable,</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">each of Purchaser and Seller shall promptly
notify the other of, and if in writing, furnish the other with copies of (or, in the case of oral communications, advise the other
of) any substantive communications with any Governmental Authority.&nbsp;&nbsp;Purchaser and Seller shall (i) consult with the
other prior to taking any substantive position with respect to the filings under any applicable Antitrust Laws, shall permit the
other to review and discuss in advance, and consider in good faith the views of the other in connection with, any analyses, presentations,
memoranda, briefs, arguments, opinions and proposals to be submitted to any Governmental Authority with respect to filings under
any applicable Antitrust Laws, (ii) shall not participate in any meeting or have any substantive communication with any such Governmental
Authority unless it has given the other an opportunity to consult with it in advance and to the extent permitted by such Governmental
Authority, shall give the other the opportunity to attend and participate therein, and (iii) shall coordinate with the other in
preparing and exchanging such information and promptly provide the other (and its counsel) with copies of all filings, material
correspondence, presentations or submissions (and a summary of any oral presentations) made by the Company with any Governmental
Authority under any applicable Antitrust Laws relating to this Agreement or the Transaction.&nbsp;&nbsp;Notwithstanding anything
to the contrary in this <U>Section 6.3(d)</U>, competitively sensitive information will be redacted from the drafts and final written
communications to be shared among the Parties and will be provided (on an unredacted basis) only to the external legal counsel
or external expert of the other and shall not be shared by such counsel or expert with the other Party, <I>provided, however,</I>
that information that is deemed commercially sensitive in relation to the negotiations or positions of the Parties in relation
to the transaction may be redacted from the materials provided to the external legal counsel and expert.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchaser
shall take, or cause to be taken, all actions and do, or cause to be done, all things necessary, proper or advisable to consummate
the Financing on the terms and conditions described in the Debt Commitment Letter (including any &ldquo;flex&rdquo; provisions
contained in the Fee Letter) or, if applicable, on other terms and conditions no less favorable to the Purchaser than those contained
in the Debt Commitment Letter (including any &ldquo;flex&rdquo; provisions contained in the Fee Letter), which terms shall not
in any respect, and Purchaser shall not permit any amendment, modification or supplement to be made to, or waive any provision
or remedy under, the Debt Commitment in any manner that may, expand on the conditions to the funding of the Financing at the Closing,
reduce the aggregate amount of the Financing available to be funded on the Closing Date or otherwise adversely affect Purchaser&rsquo;s
ability to consummate the Closing and pay the Share Consideration, including to (i) maintain in effect the Debt Commitment Letter,
and (ii) enforce its rights under the Debt Commitment Letter in the event of a breach by the Financing Sources that materially
impedes or delays, or may materially impede or delay, the Closing, including by seeking specific performance thereunder.&nbsp;&nbsp;Purchaser
shall keep Seller reasonably informed on a current basis and in reasonable detail of the status of its efforts to arrange the Financing
and upon written request shall provide to Seller copies of all documents related to the Financing.&nbsp;&nbsp;Purchaser acknowledges
and agrees that none of the Financing, any alternative financing or any syndication of the Financing or Seller&rsquo;s compliance
with <U>Section&nbsp;6.3(f)</U> is a condition to Purchaser&rsquo;s obligations to consummate the Transaction or any of the other
transactions contemplated by this Agreement.&nbsp;&nbsp;For the avoidance of doubt and purposes of clarity,</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">Purchaser covenants and agrees that it is obligated
to consummate the Closing regardless of whether the Financing or any syndication of the Financing is funded or available.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior
to the Closing Date, Seller shall, and shall use its commercially reasonable efforts to cause the Company and its Subsidiaries
and their respective employees, agents and representatives (including independent public accountants and attorneys) (with appropriate
seniority and expertise) to, cooperate with Purchaser to provide the following reasonable assistance relating to the arrangement
of the Financing:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;executing
and delivering as of (but not before) the Closing customary definitive financing documentation, including &lrm;pledge and security
documents, guarantees, certificates, instruments and other matters ancillary to &lrm;the Financing of &lrm;the Company and its
Subsidiaries, and otherwise facilitating the pledging of collateral (including providing reasonable and customary information required
in connection with the pledging and identification of real property and intellectual property to the extent specifically requested
of the Company);&lrm;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;taking
all customary corporate, limited liability company or similar administrative or organizational actions as of (but not before) the
Closing &lrm;reasonably necessary to permit the consummation of the Financing, such as by having the board &lrm;of directors, managers,
members, or other equivalent governing bodies of the Company and its &lrm;Subsidiaries provide, and causing the Company&rsquo;s
and its Subsidiaries&rsquo; respective Representatives to provide, any &lrm;resolutions, consents or approvals on behalf of the
Company and its Subsidiaries as may be required pursuant to the Debt Commitment Letter at or as of the Closing Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;furnishing
Purchaser and the Lenders such financial and other pertinent information regarding the Company and its Subsidiaries as shall be
reasonably requested and prepared in the Ordinary Course of Business by the Company and its Subsidiaries and supplementing any
such information to the extent that, to the Knowledge of Seller, any such information, when taken as a whole, contains any material
misstatement of material fact or omits to state a material fact necessary to make such information, when taken as a whole, not
materially misleading;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;furnishing
Purchaser and the Lenders with information regarding the Company and its Subsidiaries and their respective businesses, to the extent
reasonably available to the Company or its Subsidiaries, in preparation of customary bank information documents, rating agency,
lender presentations and other customary marketing materials relating to the arrangement of loans contemplated by the syndication
of the Financing;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;assisting
in the application for (i) public corporate/family ratings for the borrower under the Financing and (ii) public ratings for &lrm;the
Financing contemplated by the Debt Commitment Letter, in each case, from each of Moody&rsquo;s &lrm;Investors Service, Inc. and
S&amp;P Global Ratings (but no specific ratings shall be required in any case);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)
cooperating with Purchaser&rsquo;s legal counsel in connection with any legal opinions that may be required to be delivered in
connection with the Financing and (ii) furnishing any information reasonably requested by, and cooperating with,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Purchaser or its advisors in connection with
their preparation, updating and supplementing of the quality of earnings report with respect to the Company and its Subsidiaries;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;obtaining
customary assistance from the Company&rsquo;s accounting firm with respect to financial information customarily derived from the
financial statements of the Company in financing transactions of this type and providing the financial information requested by
the Company&rsquo;s accounting firm to enable it to provide such assistance;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;arranging
for delivery a reasonable time prior to Closing Date of any required lien releases, each in customary form for transactions of
this nature and as necessary for the payoff, discharge and termination in full of all financial debt (including intercompany debt)
required to be paid and released pursuant to the terms of this Agreement; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;taking
actions reasonably requested by Purchaser necessary to permit the Lenders to evaluate the Company&rsquo;s and its Subsidiaries&rsquo;
inventory, current assets, cash management and accounting systems and the policies and procedures relating thereto for the purpose
of establishing collateral arrangements (including in connection with conducting the commercial finance examination and inventory
appraisal contemplated by the Debt Commitment Letter).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Notwithstanding the foregoing (A) neither the
Company nor any of its Subsidiaries shall be required to pay any fees or incur any liability in connection with the Financing prior
to the Closing except to the extent subject to reimbursement or an indemnity right from Purchaser reasonably satisfactory to Seller
and Seller shall not be required to pay any fees or incur any liability in connection with the Financing whatsoever, (B) the pre-Closing
Board of Directors of the Company and the directors, managers and general partners of the Subsidiaries of the Company shall not
be required to adopt resolutions approving the agreements, documents and instruments pursuant to which the Financing is funded
which are not contingent upon the Closing or that would be effective prior to the Closing, (C) none of the Company or any of its
Subsidiaries shall be required to execute any definitive financing documents, including any credit or other agreements, pledge
or security documents, or other certificates, legal opinions or documents in connection with the Financing which are not contingent
upon the Closing or that would be effective prior to the Closing, and (D) none of Seller, the Company nor any of its Subsidiaries
shall be obligated to provide any cooperation or take any action that may unreasonably interfere with (x) the operations of Seller,
the Company or any of its Subsidiaries and (y) the other obligations of Seller under this Agreement.&nbsp;&nbsp;Purchaser shall
indemnify, defend and hold harmless Seller, the Company and its Subsidiaries and their respective Affiliates, officers, directors,
employees and advisors for any Damages related to or arising out of the Financing or any of the actions taken by any of the foregoing
pursuant to this <U>Section&nbsp;6.3(f)</U>.&nbsp;&nbsp;Purchaser shall reimburse Seller, the Company and its Subsidiaries for
any out of pocket costs and expenses incurred by any of them in connection with the consummation of the Financing or any of the
actions taken by the foregoing pursuant to this <U>Section&nbsp;6.3(f)</U>.&nbsp;&nbsp;In no event shall Seller&rsquo;s failure
to comply with this <U>Section&nbsp;6.3(f)</U> give rise to any remedy in favor of Purchaser except in the event of Seller&rsquo;s
material breach of this <U>Section&nbsp;6.3(f)</U>.&nbsp;&nbsp;In no event shall Seller be deemed to be in material breach of this
<U>Section 6.3(f)</U> unless Purchaser has delivered written notice of any alleged failure of Seller to comply with its obligations
under this <U>Section 6.3(f)</U>, which notice shall describe in reasonable detail the nature of the breach, including the</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">assistance requested by Purchaser and the date
requested pursuant to this <U>Section 6.3(f)</U>, and Seller fails to comply with its obligations to use commercially reasonable
efforts under this <U>Section 6.3(f)</U> with respect to such request within fifteen (15) days following the delivery of such notice;
provided, however, that in no event may Purchaser deliver such a notice less than fifteen (15) days prior to the Outside Closing
Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">6.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Tax
Matters.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Straddle
Period Tax Allocation</U>. Seller will cause the Company to, unless prohibited by applicable Legal Requirements, close the taxable
period of the Company and its Subsidiaries, as applicable, as of the close of business on the Closing Date.&nbsp;&nbsp;If applicable
law does not permit the Company or any of its Subsidiaries to close its taxable year on the Closing Date, or in any case in which
a Tax is assessed with respect to a Straddle Period, then for purposes of this Agreement (i) in the case of real property, personal
property and other Taxes not imposed on the basis of income or receipts, such Taxes shall be allocated between the Pre-Closing
Tax Period and the Post-Closing Tax Period based on a daily proration of such Taxes by multiplying the amount of such Tax for the
entire taxable period by a fraction, the numerator of which is the number of days in the Pre-Closing Tax Period or Post-Closing
Tax Period, as the case requires, and the denominator of which is the number of days in the entire taxable period and (ii) in the
case of all other Taxes, such Taxes shall be allocated between the Pre-Closing Tax Period and the Post-Closing Tax Period based
on an interim closing of the books of the Company and each of its Subsidiaries as of the close of the Closing Date , except that
to the extent such Taxes are attributable to extraordinary transaction(s) entered into by the Company or its Subsidiaries after
the Closing, such Taxes attributable to or arising from the extraordinary transaction(s) will be allocated to the Post-Closing
Tax Period to the extent permitted by Treas. Reg. 1.1502-76(b)(1)(ii)(B).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Cooperation
on Tax Matters</U>.&nbsp;&nbsp;Purchaser and Seller shall cooperate fully, as and to the extent reasonably requested by the other
Party, in connection with the filing of any Tax Return or amended Tax Return filed by any of the Parties with respect to any Pre-Closing
Tax Period, and in connection with any audit, litigation or other Proceeding with respect to Taxes involving a Pre-Closing Tax
Period.&nbsp;&nbsp;Such cooperation shall include the retention and (upon the other Party&rsquo;s request) the provision of records
of the Company and its Subsidiaries and information relevant to any such Tax Return, audit, litigation or other Proceeding within
thirty (30) calendar days of such Party&rsquo;s request therefor<B> </B>and making employees available on a mutually convenient
basis to provide additional information and explanation of any material provided hereunder within thirty (30) calendar days of
such Party&rsquo;s request therefor.&nbsp;&nbsp;Subject to compliance with <U>Section 6.4(l)</U>, Purchaser agrees and, after the
Closing will cause the Company and its Subsidiaries, to (i) retain all books and records with respect to Tax matters pertinent
to the Company and its Subsidiaries relating to any taxable period beginning before the Closing Date until one (1) year after the
expiration of the statute of limitations (and any extensions thereof) of the respective taxable periods, and to abide by all record
retention agreements entered into with any taxing authority, (ii) give Seller reasonable written notice prior to transferring,
destroying or discarding any such books and records and, if Seller so requests, Purchaser shall allow Seller to take possession
of such books and records and (iii) maintain the ability to access such books and records, including in the event that any</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">member of the DK Group changes its accounting
systems until sixty (60) days after such statute of limitation expires and any extensions thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Tax
Returns</U>.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Seller&rsquo;s
Obligations</U>.&nbsp;&nbsp;Seller shall include the Company and each of its Subsidiaries to extent permitted by applicable Legal
Requirements (including any deferred items triggered into income by Treas. Reg. 1.1502-13 and any excess loss account taken into
income by Treas. Reg. 1.1502-19) on the Consolidated Returns for the Pre-Closing Tax Period and Seller shall prepare and timely
file, or cause to be prepared and timely filed, all Consolidated Returns that include the Company or any of its Subsidiaries related
to a Pre-Closing Tax Period and shall pay any and all Taxes due in respect of such Consolidated Returns.&nbsp;&nbsp;Seller shall
not deduct the Unpaid Restructuring Costs or the Delayed Employee Costs on any Tax Return covering a Pre-Closing Tax Period without
the prior written consent of Purchaser, which consent may be withheld in its sole discretion.&nbsp;&nbsp;Prior to the Closing,
the Company shall prepare and timely file or cause to be prepared and timely filed, all other Tax Returns in respect of a Pre-Closing
Tax Period relating to the Company or any of its Subsidiaries that are required to be filed on or before the Closing Date, and
shall pay any and all Taxes due in respect of such Tax Returns.&nbsp;&nbsp;All Tax Returns described in this <U>Section 6.4(c)(i)</U>
shall be prepared and filed in a manner consistent with past practices and customs (unless otherwise required by applicable Legal
Requirements). No later than thirty (30) days prior to the due date for filing any such Tax Return (including extensions thereof),
Seller shall deliver such Tax Returns (or, in the case of a Consolidated Return, the portion of such Consolidated Return relating
to the Company or any of its Subsidiaries) to Purchaser for its review, comment and approval, which approval shall not be unreasonably
withheld, conditioned or delayed.&nbsp;&nbsp;The failure of Purchaser to propose any changes to any such proposed Tax Return within
fifteen (15) days after having been provided with a draft of such Tax Return shall be deemed approval thereof.&nbsp;&nbsp;Seller
and Purchaser shall attempt in good faith mutually to resolve any disagreements regarding such Tax Returns prior to the due date
for filing thereof; <I>provided, however,</I> that if Seller and Purchaser are unable to resolve any dispute with respect to such
Tax Return prior to its filing, such dispute shall be resolved by the Selected Accountant which shall be binding on the parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Purchaser&rsquo;s
Obligations</U>.&nbsp;&nbsp;Purchaser shall prepare and timely file (or cause the Company to prepare and timely file) all Tax Returns
relating to the Company and its Subsidiaries that are required to be filed after the Closing Date that are not described in <U>Section
6.4(c)(i)</U>.&nbsp;&nbsp;To the extent any Taxes shown due on any such Tax Return relating to a Pre-Closing Tax Period were not
treated as a liability in the calculation of the finally determined Working Capital (and the finally determined Cash Consideration
based thereon) and are indemnifiable by Seller pursuant to <U>Section 9.2(c)</U>, (A) such Tax Return shall be prepared in a manner
consistent with past practices and customs of the Company and its Subsidiaries (unless otherwise required by applicable Legal Requirements),
and (B) no later than thirty (30) days prior to the due date for filing such Tax Returns (including extensions thereof), Purchaser
shall deliver such Tax Returns (or, in the case of a Consolidated Return, the portion of such Consolidated Return relating to the
Company or any of its Subsidiaries) to Seller for its review, comment and approval, which approval shall not be unreasonably withheld,
conditioned or delayed.&nbsp;&nbsp;The failure of Seller to propose any changes to any such proposed Tax Return within fifteen
(15) days after having been provided with a draft of such Tax Return shall be deemed</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">approval thereof.&nbsp;&nbsp;Not later than
five (5) days prior to the filing date of any such proposed Tax Return (including extensions thereof), Seller shall pay to Purchaser
an amount equal to that portion of the Taxes shown on such Tax Returns for which Seller has an obligation to indemnify the Purchaser
pursuant to <U>Section 9.2</U>.&nbsp;&nbsp;Seller and Purchaser shall attempt in good faith mutually to resolve any disagreements
regarding such Tax Returns prior to the due date for filing thereof; <I>provided, however,</I> that if Seller and Purchaser are
unable to resolve any dispute with respect to such Tax Return prior to its filing, such dispute shall be resolved by the Selected
Accountant which shall be binding on the parties.&nbsp;&nbsp;Nothing contained in this <U>Section 6.4(c)(ii)</U> shall in any manner
terminate, limit or adversely affect any right of Purchaser to receive indemnification pursuant to any provision of this Agreement.&nbsp;&nbsp;Seller
shall reimburse Purchaser for the costs of preparing or amending any income Tax Return for a Pre-Closing Tax Period other than
a Tax Return for a Straddle Period within ten (10) days following Purchaser&rsquo;s written request for such reimbursement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Tax
Audits and Contests</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchaser
shall, or shall cause the Company, to promptly notify Seller of any inquiries, claims, assessments, audits or similar events with
respect to Taxes relating to the Pre-Closing Tax Period for which Seller may be liable under this Agreement (such inquiry, claim,
assessment, audit or similar event, a &ldquo;<B>Tax Contest</B>&rdquo;); <I>provided, however, </I>that the failure of Purchaser
to promptly notify Seller of any such Tax Contest shall not forfeit Purchaser&rsquo;s right to indemnity except to the extent that
Seller is prejudiced as a result&nbsp;&nbsp;of the failure or delay in giving such notice.&nbsp;&nbsp;Seller shall have the authority
to represent the interests of the Company and shall have control of the defense, compromise or other resolution of any Tax Contest
relating to a Pre-Closing Tax Period, not involving any Straddle Period; <I>provided, however</I>, that Purchaser shall be entitled
to participate in such Tax Contest at its own expense and Seller shall not settle, compromise and/or concede any portion of such
Tax Contest that could reasonably be expected to affect the Tax liability of the Company, its Subsidiaries or Purchaser for any
Post-Closing Tax Period or adversely affect the Tax attributes of the Company or its Subsidiaries without the prior written consent
of Purchaser, which consent shall not be unreasonably withheld, delayed or conditioned.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Excluding
Tax Contests involving unitary Tax Returns, Seller and Purchaser jointly shall represent the interests of the Company and its Subsidiaries
in any Tax Contest relating to any Straddle Period for which Seller could reasonably have an obligation to indemnify Purchaser.&nbsp;&nbsp;Any
disputes regarding the conduct or resolution of any such Tax Contest shall be resolved by the Selected Accountant which shall be
binding on the parties and the all costs, fees and expenses paid to third parties in the course of such proceeding shall be borne
by the Seller and Purchaser in the same ratio as the ratio in which, pursuant to the terms of this Agreement, Seller and Purchaser
would share the responsibility for payment of the Taxes asserted by the Governmental Authority in such Tax Contest if such Tax
Contest were sustained in the Governmental Authority&rsquo;s favor in its entirety.&nbsp;&nbsp;For Tax Contests involving unitary
Tax Returns for any Straddle Period, Seller shall have the authority to represent the interests of the Company and shall have control
of the defense, compromise or resolution;<I> provided, however</I>, that (A) Seller shall provide Purchaser with copies of all
correspondence, notices or other written materials received from any Governmental Authority, and shall otherwise keep Purchaser
and its advisors advised of significant developments in the Tax Contest and of significant</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">communications involving representatives of
the Governmental Authority, and (B) Seller shall not settle, compromise and/or concede any portion of such Tax Contest that could
reasonably be expected to affect the Tax liability of the Company, its Subsidiaries or Purchaser for any Post-Closing Tax Period
or adversely affect the Tax attributes of the Company or its Subsidiaries without the prior written consent of Purchaser, which
consent shall not be unreasonably withheld, delayed or conditioned.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject
to the provisions of clauses (i) and (ii) of this <U>Section 6.4(d)</U>, Seller shall be entitled to control in all respects, and
Purchaser shall not be entitled to participate in, any Tax Contest with respect to (x) any Tax Return of Seller or (y) any Tax
Return of a consolidated, combined or unitary group that includes the Company, any of its Subsidiaries and any other member of
the Seller Group; <I>provided, however</I>, that Seller shall meaningfully consult with Purchaser relating to any such Tax Contest
that could reasonably be expected to affect the Tax liability of the Company, its Subsidiaries or Purchaser for any Post-Closing
Tax Period or adversely affect the Tax attributes of the Company or its Subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchaser
shall have the sole right to represent the interests of the Company and its Subsidiaries and shall have sole control of the defense,
compromise or other resolution of any Tax Contest relating to a Post-Closing Tax Period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Refunds
and Tax Benefits</U>.&nbsp;&nbsp;Any Tax refund, credit or similar benefit that are received by Purchaser, the Company or any of
the Company&rsquo;s Subsidiaries, and any amounts credited against Tax to which Purchaser, the Company or any of the Company&rsquo;s
Subsidiaries become entitled, that relate to the Company or any of the Company&rsquo;s Subsidiaries for Tax periods or portions
thereof ending on or before the Closing Date (other than with respect to deductions taken relating to the Unpaid Restructuring
Costs and the Delayed Employee Costs) shall be for the account of Seller, except to the extent taken into account in Working Capital,
as finally determined, and Purchaser shall pay over to Seller any such refund or the amount of any such credit for which Seller
is entitled to, net of any adverse impact on the Purchaser&rsquo;s, Company or its Subsidiaries&rsquo; Tax position, within thirty
(30) days after receipt or entitlement thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Post-Closing
Actions Affecting Seller&rsquo;s Tax Liability</U>.&nbsp;&nbsp;Except as required by Legal Requirement, Purchaser shall not (and
shall not cause or permit any of its Affiliates, the Company or any of the Company&rsquo;s Subsidiaries to) amend, re-file or otherwise
modify any Tax Return relating in whole or in part to the Company or any of the Company&rsquo;s Subsidiaries with respect to any
Pre-Closing Tax Period (or with respect to any Straddle Period) without the prior written consent of Seller.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
of Existing Tax Sharing Agreements</U>. All liabilities, obligations and other rights between any member of the Seller Group, on
the one hand, and the Company or any of its Subsidiaries, on the other hand, under any Tax Sharing Agreement in effect on or prior
to the Closing Date shall cease and terminate as of the Closing Date and the Company and its Subsidiaries shall have no liability
with respect to any Tax Sharing Agreement following the Closing.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
NOL Carryback/Other Carrybacks Permitted</U>. Purchaser will not cause or permit the Company to carry back to any Pre-Closing Tax
Period any net operating loss that is attributable to a Post-Closing Tax Period.&nbsp;&nbsp;Purchaser will make a proper and timely
election (or cause such proper and timely election to be made) to relinquish the carryback of net operating losses, if any, of
the Company pursuant to either Treasury Regulations Section 1.1502-21(b)(3)(ii)(B) or 1.1502-21T(b)(3)(ii)(C) or Section 172(b)(3)
of the Code, or any similar or comparable provision under Legal Requirement; <I>provided, however</I>, that Seller shall immediately
pay to Purchaser any Tax refund (or reduction in Tax liability) resulting from a carryback of a post-acquisition Tax attribute
or Tax credit (other than a net operating loss) of the Company or any of its Subsidiaries into the Seller&rsquo;s consolidated
Tax Return, when such refund (or reduction) is realized by Seller&rsquo;s consolidated group.&nbsp;&nbsp;At Purchaser&rsquo;s request
to obtain such refund (or reduction) pursuant to this <U>Section 6.4(h)</U>, Seller will elect, in its sole discretion, to either
(i) cooperate with the Company and its Subsidiaries in obtaining such refund (or reduction), including through the filing of amended
Tax Returns or refund claims; or (ii) pay Purchaser the equivalent amount of such a refund or reduction, net of any adverse impact
on the Seller&rsquo;s Tax position.&nbsp;&nbsp;Purchaser agrees to indemnify Seller for any Taxes resulting from the disallowance
of such post-acquisition Tax attribute or Tax Credit on audit or otherwise.&nbsp;&nbsp;The provisions of this <U>Section 6.4(h)</U>
shall be inapplicable in the event that the Company, Seller and Purchaser make a Section 338(h)(10) Election as provided in <U>Section
6.4(i)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Section
338(h)(10) Election</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
Purchaser&rsquo;s election, the Company and Seller shall join with Purchaser in making a timely election under Section 338(h)(10)
of the Code (and any corresponding election under state, local, and foreign law) with respect to the purchase and sale of the Shares
of the Company hereunder (collectively, a &ldquo;<B>Section 338(h)(10) Election</B>&rdquo;).&nbsp;&nbsp;Purchaser shall notify
Seller of its intent to make the Section 338(h)(10) Election at least five (5) Business Days prior to the Closing Date.&nbsp;&nbsp;Seller
shall pay any Tax attributable to the making of the Section 338(h)(10) Election.&nbsp;&nbsp;The Allocation Schedule shall be prepared
by Purchaser in accordance with the principles and methodologies attached hereto as <B>Appendix D</B> and Purchaser shall deliver
such Allocation Schedule to Seller no later than one hundred twenty (120) days prior to the IRS deadline for making a Section 338(h)(10)
Election.&nbsp;&nbsp;If a Section 338(h)(10) Election is made, Seller and Purchaser agree that the Share Consideration and the
liabilities of the Company (plus other relevant items) shall be allocated among the assets of the Company for all purposes (including
Tax and financial accounting) as shown on the allocation schedule (the &ldquo;<B>Allocation Schedule</B>&rdquo;).&nbsp;&nbsp;Purchaser,
the Company and Seller shall file all Tax Returns (including amended returns and claims for refund) and information reports in
a manner consistent with the Allocation Schedule.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior
to the date hereof, the parties prepared the schedule attached hereto as <B>Appendix E</B> (&ldquo;<B>Section 338(h)(10) Election
Schedule</B>&rdquo;) setting forth the methodology to determine the additional consideration necessary to cause Seller&rsquo;s
after-Tax net proceeds from the sale of the Shares of the Company with the Section 338(h)(10) Election to be equal to the after-Tax
net proceeds that Seller would have received had the Section 338(h)(10) Election not been made, taking into account all appropriate
state, federal and local income Tax implications, including any Tax on any such additional consideration (i.e., on a &ldquo;grossed-up&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">basis) (such additional consideration, the
&ldquo;<B>Tax Adjustment</B>&rdquo;), which Section 338(h)(10) Election Schedule includes the estimated amount of the Tax Adjustment
based on such methodology.&nbsp;&nbsp;The amount set forth as &ldquo;Closing Tax Adjustment&rdquo; on <B>Appendix E</B> is the
amount of the Tax Adjustment that the parties have agreed to use for purposes of the Estimated Cash Consideration (the &ldquo;<B>Closing
Tax Adjustment</B>&rdquo;).&nbsp;&nbsp;In the event a Section 338(h)(10) Election is made, Seller shall provide Purchaser with
a final version of the Section 338(h)(10) Election Schedule, including a final calculation of the Tax Adjustment based on the methodology
set forth in the Section 338(h)(10) Election Schedule (the &ldquo;<B>Final Tax Adjustment</B>&rdquo;).&nbsp;&nbsp;The Final Tax
Adjustment shall be delivered to Purchaser together with and at the same time as the portion of the Consolidated Return relating
to the Company or any of its Subsidiaries for the taxable year that includes the Closing Date is required to be delivered by Seller
to Purchaser under <U>Section 6.4(c)(i)</U>.&nbsp;&nbsp;Seller shall provide Purchaser information necessary to verify and confirm
the Final Tax Adjustment.&nbsp;&nbsp;If within twenty (20) days after the receipt of the Final Tax Adjustment, Purchaser notifies
Seller in writing that Purchaser objects to the calculation of the Final Tax Adjustment, Seller and Purchaser shall negotiate in
good faith to resolve such dispute; provided, however, that if Seller and Purchaser are unable to resolve any dispute with respect
to the calculation of the Final Tax Adjustment within thirty (30) days of Purchaser&rsquo;s objection to the calculation of the
Final Tax Adjustment, such dispute shall be resolved by the Selected Accountant.&nbsp;&nbsp;The fees and expenses of the Selected
Accountant shall be borne equally by Seller and Purchaser.&nbsp;&nbsp;In the event that the Final Tax Adjustment exceeds the Closing
Tax Adjustment, Purchaser agrees to indemnify and hold Seller harmless for the entirety of the excess only if such excess is greater
than One Million Dollars ($1,000,000) and, in connection therewith, shall pay such entirety of such excess amount to Seller within
ten (10) days following the later of (A) the date on which Seller pays the Final Tax Adjustment with its federal income Tax Return
for its taxable year that includes the Closing Date or (B) the resolution of the matter by the Selected Accountant, if applicable.&nbsp;&nbsp;In
the event that the Final Tax Adjustment is less than the Closing Tax Adjustment, Seller agrees to indemnify and hold Purchaser
harmless for the entirety of such shortfall only if such shortfall is in excess of One Million Dollars ($1,000,000) and, in connection
therewith, shall pay such entirety of such shortfall amount to Purchaser within ten (10) days following the later of (A) the date
on which Seller pays the Final Tax Adjustment with its federal income Tax Return for its taxable year that includes the Closing
Date or (B) the resolution of the matter by the Selected Accountant, if applicable. In the event a Tax Contest results in an increased
or decreased Tax liability, the Final Tax Adjustment shall be adjusted accordingly (&ldquo;<B>Post-Tax Contest Final Tax Adjustment</B>&rdquo;);
and for the avoidance of doubt, all interest, penalties and other additions to Taxes shall be included in the determination of
the Post-Tax Contest Final Tax Adjustment.&nbsp;&nbsp;In the event the Post-Tax Contest Final Tax Adjustment exceeds the Final
Tax Adjustment, Purchaser agrees to indemnify and hold Seller harmless for the entirety of the excess only if such excess is greater
than One Million Dollars ($1,000,000) and, in connection therewith, shall pay such entirety of such excess amount to Seller within
ten (10) days following the date on which Seller pays the amount of the Post-Tax Contest Final Tax Adjustment to the relevant Governmental
Authority.&nbsp;&nbsp;In the event the Final Tax Adjustment exceeds the Post-Tax Contest Final Tax Adjustment, Seller agrees to
indemnify and hold Purchaser harmless for the entirety of the excess only if such excess is greater than One Million Dollars ($1,000,000)
and, in connection therewith, shall pay such entirety of such excess amount to Purchaser within ten (10) days following the date
on which Seller receives such amounts of the Post-Tax Contest Final Tax Adjustment from the relevant Governmental Authority.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Elections
to Reduce Potential for Loss Duplication</U>.&nbsp;&nbsp;Seller agrees (i) to make an election under Treas. Reg. 1.1502-36(d)(6)(i)
to reduce the tax basis it has in its shares in the amount necessary to avoid reducing the tax attributes of the Company and its
Subsidiaries, and (ii) to not make any other elections under Treas. Reg. 1.1502-36(d) without the prior written consent of the
Purchaser. Clause (i) of this <U>Section 6.4(j)</U> shall be inapplicable in the event that the Company, Seller and Purchaser make
a Section 338(h)(10) Election as provided in <U>Section 6.4(i)</U>.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>DK
Group Internal Debt Costs</U>.&nbsp;&nbsp;In the event the DK Group Internal Debt is not completely settled by Seller prior to
the fourth (4<SUP>th</SUP>) Business Day prior to the Closing Date in accordance with <U>Section 6.12</U>, Seller shall prepare
a good faith estimate of the additional Taxes and professional fees that Purchaser would incur, taking into account all appropriate
federal, state, local and foreign income Tax implications (including withholding obligations), to fully settle such DK Group Internal
Debt<B> </B>in accordance with the then-current Step Plan (the &ldquo;<B>DK Group Internal Debt Costs</B>&rdquo; and such estimate,
the &ldquo;<B>Estimated DK Group Internal Debt Costs</B>,&rdquo; and the actual amount of the DK Group Internal Debt Costs, the
&ldquo;<B>Final DK Group Internal Debt Costs</B>&rdquo;) and Seller shall inform Purchaser at least three (3) Business Days prior
to the Closing Date of such Estimated DK Group Internal Debt Costs.&nbsp;&nbsp;Purchaser shall deliver to Seller a schedule of
the Final DK Group Internal Debt Costs no later than twelve (12) months following the Closing Date and Purchaser shall provide
Seller all information necessary to verify and confirm the Final DK Group Internal Debt Costs.&nbsp;&nbsp;If within forty-five
(45) days after the receipt of the Final DK Group Internal Debt Costs, Seller notifies Purchaser in writing that Seller objects
to the calculation of the Final DK Group Internal Debt Costs, Seller and Purchaser shall negotiate in good faith to resolve such
dispute; <I>provided, however,</I> that if Seller and Purchaser are unable to resolve any dispute with respect to the calculation
of the Final DK Group Internal Debt Costs within thirty (30) days of receipt by Seller of the Final DK Group Internal Debt Costs,
such dispute shall be resolved by the Selected Accountant.&nbsp;&nbsp;The fees and expenses of the Selected Accountant shall be
borne equally by Seller and Purchaser.&nbsp;&nbsp;In the event that the Final DK Group Internal Debt Costs exceeds the Estimated
DK Group Internal Debt Costs, Seller agrees to indemnify and hold Purchaser harmless from such excess amount and, in connection
therewith, shall pay the entirety of such excess amount to Purchaser within ten (10) days following the later of (A) the date on
which Purchaser pays the DK Group Internal Debt Costs and provides evidence of such payment to Seller or (B) the resolution of
the matter by the Selected Accountant, if applicable.&nbsp;&nbsp;In the event that the Final DK Group Internal Debt Costs are less
than the Estimated DK Group Internal Debt Costs, Purchaser agrees to indemnify and hold Seller harmless from such shortfall and,
in connection therewith, shall pay the entirety of such shortfall amount to Seller within ten (10) days following the later of
(A) the date on which the Parties agree to the amount of the Final DK Group Internal Debt Costs or (B) the resolution of the matter
by the Selected Accountant, if applicable.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Destruction
of Tax Related Due Diligence Items</U>.&nbsp;&nbsp;Following the Closing Date, and within twenty (20) days following a written
request made by Seller to Purchaser, Purchaser shall certify to Seller in writing that Purchaser has destroyed all documents in
its possession containing Tax information that relates to Seller, or any of its Affiliates, including any member of DK Group, and
obtained in written or electronic form by</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">Purchaser from Seller prior to the Closing
through due diligence, negotiations, and other parts of this transaction.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">6.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
of Intercompany Arrangements; Transition Services.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective
upon the consummation of the Closing, (i) the Parties shall cause each agreement and contract between a member of the DK Group,
on the one hand, and Seller or any of its Affiliates (other than members of the DK Group), on the other hand, to be terminated
and (ii) the Company and its Subsidiaries will be removed from any insurance policies held by Seller or any of its Affiliates (other
than members of the DK Group) under which members of the DK Group are covered.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seller
agrees that, for a period of up to four (4) months from the Closing Date (the &ldquo;<B>Transition Period</B>&rdquo;), it will,
or will cause its Affiliates to, use commercially reasonable efforts to provide to the Company and its Subsidiaries the services
described on <B>Appendix F</B> (the &ldquo;<B>Transition Services</B>&rdquo;) to substantially the same extent such services were
provided by Seller or its Affiliates (other than members of the DK Group) prior to the Closing Date and subject to any restrictions
imposed by any applicable contract or Legal Requirement.&nbsp;&nbsp;With respect to each Transition Service, Purchaser shall take,
and shall cause the Company and its Subsidiaries to take, any and all actions, and make any and all preparations, to permit the
Company and its Subsidiaries to take full responsibility for such Transition Service, without any further assistance from Seller
or its Affiliates, as soon as reasonably practicable following the Closing.&nbsp;&nbsp;Seller or its Affiliates shall provide the
Transition Services to the Company and its Subsidiaries and the Company and its Subsidiaries shall pay customary charges for such
Transition Services (consistent with the charges customarily made within the Seller Group) and shall reimburse Seller and its Affiliates
for all out-of-pocket costs incurred by Sellers and its Affiliates in connection with the Transition Services without reimbursement
or indemnification of any kind by Seller.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither
the performance of the Transition Services, nor anything else set forth in this Agreement, shall cause or be construed to cause
any employee of the Company or any of its Subsidiaries to be considered an employee of Seller, and Seller shall have no liability
for any acts or omissions of any employee of the Company or any of its Subsidiaries.&nbsp;&nbsp;Neither Seller nor any of its Affiliates
shall have or exercise any control or direction over any such employees during the Transition Period.&nbsp;&nbsp;Nothing contained
herein shall create any third party beneficiary rights in any current or former employee of, or other Person who provides or has
provided services to, Seller, the Company or any of its or their Affiliates (or any beneficiary or dependent thereof) with respect
to the Transition Services arrangement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchaser
hereby releases Seller and its Affiliates, and their respective employees, agents, officers and directors, from any and all Damages
arising from or in connection with the Transition Services, except to the extent such Damages result from the gross negligence
or willful misconduct of any such Person.&nbsp;&nbsp;Seller makes no warranty in connection with the Transition Services and hereby
disclaims any and all implied or statutory warranties, including all implied warranties of title, merchantability, noninfringement
and fitness for a particular purpose regarding the Transition Services.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as specified in <U>Section 6.5(d)</U>, notwithstanding any other provision to the contrary contained herein, neither Purchaser
nor any of its Affiliates and their respective stockholders, partners, members, officers, directors employees, controlling person,
agents and representatives shall have any rights or claims against Seller in connection with the Transition Services, whether at
law or equity, in contract, in tort or otherwise.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">6.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Delivery
of Financial Information</U>.&nbsp;&nbsp;Prior to the Closing, Seller shall cause to be delivered to Purchaser: (i) the audited
consolidated financial statements of the Company (which shall include the Company and its Subsidiaries and only the Company and
its Subsidiaries), prepared in accordance with U.S. GAAP and audited by Ernst &amp; Young LLP or another accounting firm of national
standing selected by Seller that is registered with the Public Company Accounting Oversight Board and reasonably acceptable to
Purchaser (the &ldquo;<B>Auditing Firm</B>&rdquo;), consisting of audited consolidated balance sheets as of December 31, 2014 and
December 31, 2015 and audited consolidated statements of operations and comprehensive income (loss), statements of cash flows and
statements of stockholders&rsquo; equity for each of the fiscal years of the Company and its Subsidiaries ended December 31, 2013,
December 31, 2014 and December 31, 2015 (collectively, the &ldquo;<B>DK Group Audited Financial Statements</B>&rdquo;), and (ii)
unaudited interim consolidated financial statements prepared in accordance with U.S. GAAP consisting of (A) an unaudited interim
consolidated balance sheet of the Company and its Subsidiaries as of (I) the last day of the most recent fiscal quarter (other
than the fourth fiscal quarter of any fiscal year) of the Company and its Subsidiaries that has been completed prior to the Closing
Date and that has ended at least 45 days before the Closing Date and (II) the last day of the corresponding fiscal quarter of the
2015 fiscal year and (B) unaudited interim consolidated statements of operations and comprehensive income (loss), statements of
cash flows and statements of stockholders&rsquo; equity of the Company and its Subsidiaries for (I) the most recent six or nine
month, as applicable, fiscal period (other than the fourth fiscal quarter of any fiscal year) of the Company and its Subsidiaries
that has been completed prior to the Closing Date and that has ended at least 45 days before the Closing Date and (II) the corresponding
six or nine month, as applicable, fiscal period of the 2015 fiscal year (collectively, the &ldquo;<B>DK Group Interim Financial
Statements</B>&rdquo;), in each case referred to in this sentence that conform to, and are required to be filed by Purchaser pursuant
to, the applicable requirements of Regulation S-X (&ldquo;<B>Regulation S-X</B>&rdquo;) under the Securities Act of 1933, as amended
(the &ldquo;<B>Securities Act</B>&rdquo;) and the Securities Exchange Act of 1934, as amended (the &ldquo;<B>Exchange Act</B>&rdquo;).&nbsp;&nbsp;In
addition, from the date hereof and prior to the Closing, Seller shall provide such information, or reasonable access thereto, with
respect to the Company and its Subsidiaries as may be reasonably requested by Purchaser to permit Purchaser to prepare or file
pro forma financial information required by Legal Requirement to be prepared or filed in connection with the transactions contemplated
hereby.&nbsp;&nbsp;Seller also shall cooperate with Purchaser to provide any additional information, or reasonably access thereto,
requested by Purchaser, in connection with Purchaser&rsquo;s analysis of the DK Group Audited Financial Statements or DK Group
Interim Financial Statements required to be included in any reports or other filings with the Securities and Exchange Commission
in connection with the Transaction.&nbsp;&nbsp;Seller shall keep Purchaser informed on a reasonably current basis (and at any time
upon Purchaser&rsquo;s reasonable request) in reasonable detail of the status of its efforts to prepare the DK Group Audited Financial
Statements and the DK Group Interim Financial Statements and obtain the audit described in this <U>Section&nbsp;6.6</U>.&nbsp;&nbsp;All
costs and expenses incurred by Seller, the Company and its Subsidiaries in connection with this <U>Section&nbsp;6.6</U> shall be</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">shared equally by Purchaser and Seller (i.e.,
50/50); <I>provided, however,</I> that Purchaser&rsquo;s obligation to share in the payment of such costs and expenses shall not
exceed $500,000.&nbsp;&nbsp;In no event shall Purchaser, prior to the Closing, take any action, including filing an registration
statement with the SEC or seeking the effectiveness of any registration statement, that requires Purchaser to file the DK Group
Audited Financial Statements or DK Interim Financial Statements prior to the Closing as a result of the execution of this Agreement.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">6.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Solicitation of Other Bids.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seller
shall not, and shall not authorize or permit any of its Affiliates or any of its or their Representatives to, directly or indirectly,
(i) encourage, solicit, initiate, facilitate or continue inquiries regarding an Acquisition Proposal; (ii) enter into discussions
or negotiations with, or provide any information to, any Person concerning a possible Acquisition Proposal; or (iii) enter into
any agreements or other instruments (whether or not binding) regarding an Acquisition Proposal. Seller shall immediately cease
and cause to be terminated, and shall cause its Affiliates and all of its and their Representatives to immediately cease and cause
to be terminated, all existing discussions or negotiations with any Persons conducted heretofore with respect to, or that could
lead to, an Acquisition Proposal. For purposes hereof, &ldquo;<B>Acquisition Proposal</B>&rdquo; means any inquiry, proposal or
offer from any Person (other than Purchaser or any of its Affiliates) relating to the direct or indirect disposition, whether by
sale, merger or otherwise, of all or any portion of the DK Group or its assets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seller
agrees that the rights and remedies for noncompliance with this <U>Section 6.7</U> shall include having such provision specifically
enforced by any court having equity jurisdiction, it being acknowledged and agreed that any such breach or threatened breach shall
cause irreparable injury to Purchaser and that money damages would not provide an adequate remedy to Purchaser.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">6.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employee
Matters.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
the Purchaser&rsquo;s written request, the Company will terminate the Company 401(k) Plan, effective no later than the day immediately
preceding the Closing Date.&nbsp;&nbsp;Any such request must be made, if at all, at least ten (10) Business Days before the Closing
Date. The form and substance of any documents (including any amendments, resolutions, employee communications or otherwise) in
connection with the termination of the Company 401(k) Plan shall be subject to prior review and comment by Purchaser and its counsel.
If the Company 401(k) Plan is terminated before the Closing pursuant to this <U>Section 6.8(a)</U>, Purchaser shall use commercially
reasonable efforts to cause a new or existing 401(k) plan of Purchaser to accept any distribution from the Company 401(k) Plan
as a rollover contribution and the transfer of any promissory note representing an outstanding participant loan, if so directed
by a participant whose employment continues with the Purchaser or any of its Subsidiaries following the Closing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
the purposes hereof, all individuals who are employees of the Company or any of its Subsidiaries immediately prior to the Closing
and who thereupon become employees of the Purchaser or any of its Subsidiaries are referred to herein as</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">&ldquo;<B>Covered Employees</B>.&rdquo; Purchaser
shall provide or cause to be provided to each Covered Employee: (i) for a period of twelve (12) months following the Closing Date,
a base salary that is not less than the Covered Employee&rsquo;s base salary in effect immediately prior to the Closing, (ii) for
the fiscal year in which the Closing Date occurs, a target bonus opportunity, expressed as a percentage of base salary, that is
not less than the percentage target bonus opportunity in effect for such Covered Employee for 2016 set forth in <U>Section 3.14</U>
of the Disclosure Schedule, and (iii) for a period of six (6) months following the Closing Date, severance protection on a basis
and in an amount that is not less favorable than the severance protection that would have been provided in accordance with the
Company&rsquo;s general severance policy as in effect on the date of this Agreement.&nbsp;&nbsp;To the extent that any Covered
Employee who participates in a Company Employee Plan becomes eligible to participate in a new or existing employee benefit plan,
policy, program, arrangement or agreement of Purchaser (a &ldquo;<B>Purchaser Employee Plan</B>&rdquo;), Purchaser shall cause
such Purchaser Employee Plan to take into account the Covered Employee&rsquo;s credited service with the Company or a Subsidiary
for eligibility and vesting (but not benefit accrual) purposes to the same extent such service was credited to such Covered Employee
under a corresponding Company Employee Plan immediately prior to the Closing.&nbsp;&nbsp;In addition, and without limiting the
generality of the foregoing, as of the Closing, Purchaser shall use commercially reasonable efforts to provide that (i) any waiting
period requirement for participation in a Purchaser Employee Plan by a Covered Employee shall be waived if and to the extent that
a similar waiting period requirement under a corresponding Company Employee Plan was satisfied by such Covered Employee as of the
Closing Date, (ii) for purposes of each Purchaser Employee Plan providing medical, dental, pharmaceutical, vision or similar benefits
to any Covered Employee, all pre-existing condition exclusions and actively-at-work requirements of such Purchaser Employee Plan
shall be waived for such Covered Employee and his or her covered dependents, if and to the extent similar conditions and requirements
had been waived under the Company Employee Plan in which such Covered Employee, as applicable, participated or was eligible to
participate as of the Closing Date, and (iii) any eligible expenses incurred by such a Covered Employee and his or her covered
dependents during the portion of the plan year of the Company Employee Plan ending on the Closing shall be taken into account under
a corresponding Purchaser Employee Plan if and to the extent such eligible expenses were incurred during the plan year of the Purchaser
Employee Plan in which the Closing occurs for purposes of satisfying all deductible, coinsurance and maximum out-of-pocket requirements
applicable to such Covered Employee and his or her covered dependents for the applicable plan year as if such amounts had been
paid in accordance with such Purchaser Employee Plan.&nbsp;&nbsp;Nothing in this Agreement shall vary the at-will nature of the
employment of a Covered Employee and nothing shall prevent Purchaser from terminating the employment of a Covered Employee at any
time after the Closing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as the Parties otherwise agree pursuant to <U>Section 6.5(b)</U>, prior to the Closing Date, Seller and the Company will take such
actions as may be necessary or appropriate to ensure that the Company and its Subsidiaries cease to be participating employers
under any Company Employee Plan that is sponsored by the Seller or any ERISA Affiliate (other than the Company and its Subsidiaries).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">6.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>WARN
Act</U>.&nbsp;&nbsp;Following Closing, Purchaser shall cause the Company and its Subsidiaries to comply with any and all applicable
notice or filing requirements under the</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">WARN Act for any terminations, plant closings,
or layoffs, or any other such triggering events under the WARN Act occurring after the Closing Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">6.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>KYC</U>.&nbsp;&nbsp;At
least four (4) Business Days prior to the Closing Date, the Seller shall cause the Company to provide all documentation and other
information about the Company and each of its Subsidiaries as is reasonably requested in writing by Purchaser at least nine (9)
Business Days prior to the Closing Date with respect to applicable &ldquo;know your customer&rdquo; and anti-money laundering rules
and regulations, including the USA PATRIOT Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">6.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>LVMH
Guaranties</U>.&nbsp;&nbsp;Subsequent to the Closing, Purchaser shall use its commercially reasonable best efforts, which shall
not require the payment of money by Purchaser, to terminate the guaranties provided by Seller or any of its Affiliates (other than
members of the DK Group) for or on behalf of the Company or any member of the DK Group set forth on <U>Section 3.12</U> of the
Disclosure Schedule<B> </B>(&ldquo;<B>LVMH Guaranties</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">6.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Settlement
of DK Group Internal Debt</U>.&nbsp;&nbsp;Seller shall, and shall cause the Company to, use commercially reasonable best efforts
to cause the DK Group Internal Debt to be settled on or prior to the Closing Date, in accordance with the step plan attached hereto
as <B>Appendix G, </B>as it may be amended by Seller prior to the Closing Date with the written approval of Purchaser, which approval
shall not be unreasonably withheld, conditioned or delayed<B> </B>(as so amended, the &ldquo;<B>Step Plan</B>&rdquo;).&nbsp;&nbsp;Seller
shall promptly provide Purchaser copies of any documentation entered into by Seller or any member of the DK Group to effectuate
the Step Plan.&nbsp;&nbsp;If Seller and the Company do not complete the settlement of the DK Group Internal Debt prior to the Closing,
Purchaser shall use commercially reasonable best efforts to settle the DK Group Internal Debt in accordance with the Step Plan
as soon as reasonably practicable after the Closing; <I>provided, however,</I> that in the event that Purchaser wishes to proceed
with such completion of the settlement of the DK Group Internal Debt in a manner inconsistent with the Step Plan, Purchaser shall
obtain the prior written approval of Seller to the proposed changes to the Step Plan, such approval not to be unreasonably withheld,
conditioned or delayed (and, for the avoidance of doubt, to the extent the Step Plan is not impossible to consummate, Seller shall
have the right not to provide such approval in the event that the proposed changes to the Step Plan may increase the cost of the
settlement of the DK Group Internal Debt unless Purchaser agrees to bear the increased cost of such settlement).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">6.14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Lease
Matters</U>.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seller
shall, and shall cause the Company to, use commercially reasonable best efforts to obtain prior to the Closing the written consent,
effective as of the Closing, to the Transaction of the Lessor under each of the Leases identified on <B>Appendix H</B>, and Seller
shall provide Purchaser with a copy of each written consent for Purchaser&rsquo;s review and comment before execution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the event that the Lessor under any Lease identified on <B>Appendix H</B> requests the payment of additional rent or other amounts
as a condition to providing a written consent to the Transaction prior to Closing and Seller desires, in its sole discretion, to
accept such request, Seller (or its applicable Affiliate that is not a member of the DK Group) may cause the Company or its applicable
Subsidiary to agree to such additional</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">rent or other amounts (and to amend the applicable
Lease accordingly) and, in such event, Seller shall indemnify and hold Purchaser harmless with respect to any such additional rent
or other amounts agreed to with Lessor.&nbsp;&nbsp;In addition, Purchaser shall cooperate with Seller in connection with its efforts
to obtain such consents prior to Closing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the written consent of the Lessor under any Lease identified on <B>Appendix H</B> is not obtained prior to the Closing, Purchaser
shall use its commercially reasonable best efforts to obtain such written consent after the Closing and Purchaser shall keep Seller
reasonably informed regarding the status of discussions with such Lessors, including any terms or conditions requested by any Lessor
to provide such consent.&nbsp;&nbsp;If (i) the Lessor under any such Lease refuses to provide its written consent or Purchaser
does not agree to Lessor&rsquo;s terms and conditions to provide such consent (and Seller does not agree to indemnify Purchaser
with respect to the additional cost to the Company or its Subsidiaries of such terms and conditions), and (ii) Lessor seeks Damages
from a member of the DK Group as a result of the failure of the Company or one of its Subsidiaries to obtain such consent, Seller
shall indemnify and hold Purchaser harmless with respect to any such Damages related to such enforcement of the Lease and such
matters shall be subject to the procedures and other provisions set forth in <U>Section 9.6</U>; provided, that Purchaser uses
commercially reasonably efforts to reduce or limit such Damages to the extent reasonably practicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With
respect to the Lease of the Conduit store, in the event that the existing subtenant under the Lease fails to pay any amounts required
under the sublease or otherwise defaults under the sublease, Seller agrees to indemnify and hold Purchaser harmless with respect
to any amounts paid by Purchaser or Damages to Purchaser in connection with such failure or default, and in such event, Seller
shall be subrogated to the rights of the Company or its Subsidiaries with respect to the subtenant and Purchaser shall cause the
Company or its Subsidiaries to cooperate with Seller to recover from the subtenant.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">6.15&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Non-Solicitation</U>.&nbsp;&nbsp;From
the date hereof to the date that is six (6) months from and after the Closing (the &ldquo;<B>Restricted Period</B>&rdquo;), without
the prior written consent of Purchaser, Seller shall not, and shall not permit any of its Affiliates to, directly or indirectly,
hire or solicit any employee of the DK Group employed by the DK Group at any time during the Restricted Period or encourage any
such employee to leave such employment or hire any such employee who has left such employment, except pursuant to a general solicitation
which is not directed specifically to any such employees; <I>provided, however,</I> that nothing in this <U>Section 6.15</U> shall
prevent Seller or any of its Affiliates from hiring any such employee whose employment has been terminated by the DK Group or Purchaser
after the Closing.&nbsp;&nbsp;Seller acknowledges that a breach or threatened breach of this <U>Section 6.15 </U>would give rise
to irreparable harm to Purchaser, for which monetary damages would not be an adequate remedy, and hereby agrees that in the event
of a breach or a threatened breach by Seller of any such obligations, Purchaser shall, in addition to any and all other rights
and remedies that may be available to it in respect of such breach, be entitled to seek equitable relief, including a temporary
restraining order, an injunction, specific performance and any other relief that may be available from a court of competent jurisdiction
(without any requirement to post bond).&nbsp;&nbsp;Seller acknowledges that the restrictions contained in this <U>Section 6.15
</U>are reasonable and necessary to protect the legitimate interests of Purchaser and constitute a material inducement to Purchaser
to enter into this Agreement and consummate the transactions contemplated by this Agreement.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I><U>Conditions
to the Closing</U></I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">7.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Conditions
to Obligations of Each Party</U>.&nbsp;&nbsp;Subject to the limitations in <U>Section 7.4</U>, the respective obligations of each
Party to this Agreement to consummate the Transaction and the other transactions contemplated by this Agreement shall be subject
to the satisfaction at or prior to the Closing of each of the following conditions (it being understood that any one or more of
the following conditions may be waived by the written agreement of Purchaser and Seller to the extent permitted by Legal Requirements):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Injunctions or Restraints; Illegality</U>.&nbsp;&nbsp;No temporary restraining order, preliminary or permanent injunction or other
order issued by any Governmental Authority shall have been issued and remain in effect, nor shall there be any Legal Requirement
enacted or deemed applicable to the execution and delivery of this agreement or the consummation of the Closing and the Transaction,
that makes such Transaction illegal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Antitrust
Laws Compliance</U>.&nbsp;&nbsp;Any waiting period (and any extension thereof) under the HSR Act, and filings and notifications
related to other Antitrust Laws, applicable to the Transaction shall have expired or been terminated or, if applicable, any required
material approvals of any Governmental Authorities under applicable Antitrust Laws shall have been obtained.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Pending Governmental Litigation</U>.&nbsp;&nbsp;There shall not be pending before any court of competent jurisdiction, or threatened
in writing, any legal proceeding by a Governmental Authority the result of which, if adversely determined, would restrain or prohibit
the consummation of the Transaction.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">7.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Additional
Conditions to the Obligations of Purchaser</U>.&nbsp;&nbsp;Subject to the limitations in <U>Section 7.4</U>, the obligations of
Purchaser to consummate the Closing shall be subject to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seller
having delivered to Purchaser, on or prior to January 24, 2017, the DK Group Audited Financial Statements, the DK Group Interim
Financial Statements and an unqualified audit opinion on the DK Group Audited Financial Statements by the Auditing Firm, all in
accordance with <U>Section 6.6</U>; <I>provided, however</I>, that for the avoidance of doubt, the inclusion of any explanatory
language in the Auditing Firm&rsquo;s audit opinion as contemplated by paragraph 11 of the PCAOB&rsquo;s AS (Auditing Standard)
3101, Reports on Audited Financial Statements, shall not cause such opinion to be a qualified audit opinion;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
satisfaction (or waiver in writing by Purchaser) at or prior to the Closing of the condition that the representations and warranties
of Seller in this Agreement shall be true and correct as of the date of this Agreement and as of the Closing Date, with the same
effect as though made as of the Closing Date (<I>provided, however,</I> that the accuracy of representations and warranties that
by their terms speak as of a specified date will be determined as of such date), in each case, in all respects except as would
not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect; <I>provided, </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in"><I>&nbsp;</I></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0"><I>however,</I> that notwithstanding the preceding
provisions of this <U>Section 7.2(b)</U>, the Fundamental Representations of Seller shall be true and correct in all respects as
of the date of this Agreement and as of the Closing Date, except for <I>de minimis</I> inaccuracies in such Fundamental Representations;
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seller
shall be prepared to deliver, and shall deliver at or prior to Closing, all documents and other closing deliverables required to
be delivered by, and shall take all actions required to be taken by, Seller pursuant to <U>Section 2.1(c)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">7.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Additional
Condition to the Obligations of Seller</U>.&nbsp;&nbsp;Subject to the limitations in <U>Section 7.4</U>, the obligation of Seller
to consummate the Closing shall be subject to the satisfaction (or waiver in writing by Seller) at or prior to the Closing of the
conditions that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;at
the Closing, Purchaser shall deliver to the Company an amount<U> </U>sufficient to enable the Company and the other members of
the DK Group to pay off all Financial Debt (including LVMH Intercompany Debt but not the items listed on <B>Appendix B</B>) as
of the Closing Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
satisfaction (or waiver in writing by Seller) at or prior to the Closing of the condition that the representations and warranties
of Purchaser in this Agreement shall be true and correct as of the date of this Agreement and as of the Closing Date, with the
same effect as though made as of the Closing Date (<I>provided, however,</I> that the accuracy of representations and warranties
that by their terms speak as of a specified date will be determined as of such date), in each case, in all respects except as would
not, individually or in the aggregate, reasonably be expected to have a Purchaser Material Adverse Effect; <I>provided, however,</I>
that notwithstanding the preceding provisions of this <U>Section 7.3(b)</U>, the Fundamental Representations of Purchaser shall
be true and correct in all respects as of the date of this Agreement and as of the Closing Date, except for <I>de minimis</I> inaccuracies
in such Fundamental Representations; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchaser
shall be prepared to deliver, and shall deliver at or prior to Closing, all documents and other closing deliverables required to
be delivered by, and shall take all actions required to be taken by, Purchaser pursuant to <U>Section 2.1(c)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">7.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Frustration
of Closing Conditions</U>.&nbsp;&nbsp;No Party may rely on the failure of any condition set forth in <U>Sections 7.1</U>, <U>7.2</U>
or <U>7.3</U> to be satisfied as a reason to delay or cancel the Closing if such failure was caused by such Party&rsquo;s failure
to act in good faith or to use its best efforts to satisfy such condition as required by the provisions of this Agreement, including
<U>Section&nbsp;6.3</U>.&nbsp;&nbsp;The condition in <U>Section 7.3</U> shall be deemed to be waived by Seller to the extent that
any such condition fails to be satisfied as a result of any action taken or omitted to be taken by Seller.&nbsp;&nbsp;The condition
in <U>Section 7.2</U> shall be deemed to be waived by Purchaser to the extent that any such condition fails to be satisfied as
a result of any action taken or omitted to be taken by Purchaser.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I><U>Termination</U></I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">8.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination</U>.&nbsp;&nbsp;This
Agreement may be terminated at any time prior to the Closing (with respect to <U>Sections 8.1(b)</U>, by notice from the terminating
Party to the other Party setting forth a brief description of the basis for termination) only (and in no other circumstance):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;by
the mutual written consent of Purchaser and Seller; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;by
Purchaser or Seller if the Closing shall not have been consummated by February 1, 2017 (the &ldquo;<B>Outside Closing Date</B>&rdquo;);
<I>provided</I>, <I>however</I>, that the right to terminate this Agreement under this <U>Section 8.1(b)</U> shall not be available
to any Party whose failure to comply with or perform in any material respect any covenant under this Agreement has been the cause
of or resulted in the failure of the Closing to occur on or before such date<B>.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">8.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Effect
of Termination</U>.&nbsp;&nbsp;In the event of termination of this Agreement as provided in <U>Section 8.1</U>, this Agreement
shall be of no further force or effect, and there shall be no liability on the part of Purchaser, Seller, any Financing Source
or their respective officers, directors or stockholders, except to the extent that such liability results from any prior breach
by a Party of any of its covenants or agreements; <I>provided</I>, <I>however</I>, that the provisions of <U>Section 10</U> and
the Confidentiality Agreement shall remain in full force and effect and survive any termination of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I><U>Indemnification</U></I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">9.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Survival
of Representations and Warranties</U>.&nbsp;&nbsp;All representations and warranties made by Seller and Purchaser in this Agreement
shall survive the Closing for a period beginning on the Closing Date and ending on the eighteen (18) month anniversary of the Closing
Date (the &ldquo;<B>Release Date</B>&rdquo;), at which time such representations and warranties shall expire and terminate and
be of no further force and effect (the date of expiration of any representation or warranty in this Agreement being a &ldquo;<B>Representation
Termination Date</B>&rdquo;); <I>provided</I>, <I>however</I>, that (i) the representations and warranties contained in <U>Section
3.1</U> (Organization, Standing and Power), <U>Section 3.2</U> (Subsidiaries and Other Equity Interests), <U>Section 3.4</U> (Authority
and Binding Obligation of Seller), <U>Section 3.5</U> (Capitalization), <U>Section 3.25</U> (Brokers&rsquo; and Finders&rsquo;
Fees), <U>Section 4.1</U> (Organization, Standing and Power), <U>Section 4.2</U> (Authorization and Binding Obligation of Purchaser),
<U>Section 4.6</U> (Stock Issuances), <U>Section 4.8</U> (Capital Structure) and <U>Section 4.10</U> (Brokers&rsquo; and Finders&rsquo;
Fee) (collectively, the &ldquo;<B>Fundamental Representations</B>&rdquo;) shall survive the Closing Date indefinitely and (ii)
the representations and warranties contained in <U>Section 3.17</U> (Environmental Matters), <U>Section 3.18</U> (Taxes), and <U>Section
3.19</U> (Employee Benefit Plans) shall survive the Closing Date until sixty (60) days after the expiration of the applicable statute
of limitations (giving effect to any waiver, mitigation or extension thereof).&nbsp;&nbsp;All covenants and agreements of the Parties
contained herein shall survive the Closing indefinitely or for the period explicitly specified therein.&nbsp;&nbsp;No action for
or based on a breach of any representation or warranty contained in this Agreement shall be brought after the expiration of the
Representation Termination Date of such representation or warranty, except for claims of which the Indemnitor has received an Indemnification
Claim Notice prior to the expiration of the applicable Representation Termination Date, in which case such claim asserted in such
notice shall survive such applicable Representation Termination Date, until such time as such claim is fully and finally resolved
as provided by this Agreement.&nbsp;&nbsp;It is the express intent of the Parties</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">that, if the applicable Representation Termination
Date for an item as contemplated by this <U>Section&nbsp;9.1</U> is shorter than the statute of limitations that would otherwise
have been applicable to such item, then, by contract, the applicable statute of limitations with respect to such item shall be
reduced to the shortened survival period contemplated by this Agreement.&nbsp;&nbsp;The Parties further acknowledge that the time
periods set forth in this <U>Section 9.1</U> for the assertion of claims under this Agreement are the result of arms&rsquo;-length
negotiation among the Parties and that they intend for the time periods to be enforced as agreed by the Parties.&nbsp;&nbsp;Following
the delivery of an Indemnification Claim Notice, the Parties shall give, and shall cause their respective Affiliates and Representatives
to provide the other Party reasonable access to such documents and information as may be reasonably requested for the purposes
of resolving any disputes or responding to any matters or inquiries raised in such Indemnification Claim Notice.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">9.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Indemnification
by Seller</U>.&nbsp;&nbsp;Subject to the limitations set forth in this <U>Section 9.2</U> and <U>Section 9.4</U>, from and after
the Closing Date, Seller shall indemnify, defend and hold Purchaser and its successors in interest and assigns (each of the foregoing
being referred to individually as an &ldquo;<B>Indemnified Person</B>&rdquo; and collectively as &ldquo;<B>Indemnified Persons</B>&rdquo;)
harmless from and against all Damages suffered or incurred by such Indemnified Person (regardless of whether or not such Damages
relate to any Third-Party Claim) resulting from or arising out of any one or more of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
inaccuracy in or breach of any representation or warranty of Seller set forth in <U>Section 3</U> of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
breach or nonfulfillment of any covenant or agreement of Seller made pursuant to this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;except
to the extent treated as a liability in the calculation of the finally determined Working Capital (and the finally determined Cash
Consideration based thereon) (i) any and all Taxes imposed on the Company or any of its Subsidiaries with respect to (x) all Pre-Closing
Tax Periods of the Company or of its Subsidiaries ending on or prior to December 31, 2015 or (y) all Pre-Closing Tax Periods of
the Company or of its Subsidiaries ending on or after January 1, 2016 (for the avoidance of doubt, which are in excess of the Tax
accruals set forth as a liability on the Measurement Date Balance Sheet Statement and included in the calculation of the finally
determined Working Capital, computed in accordance with the Accounting Principles consistent with past practices and methods),
(ii) all Taxes of any consolidated, affiliated, combined, unitary or similar group of which the Company or any of its Subsidiaries
is or was a member on or prior to the Closing Date (without duplication of any Taxes indemnified under <U>Section 9.2(c)(i)</U>)
that are imposed on the Company or any of its Subsidiaries as a result of having been a member of any such group (including Taxes
for which the Company or any of its Subsidiaries may be liable pursuant to Treasury Regulation &sect;1.1502-6 or any comparable
provision of foreign, state, or local law) and any Taxes resulting from the Company or its Subsidiaries ceasing to be a member
of any such group (for the avoidance of doubt, including as a result of any Subsidiary of the DK Group ceasing to be a member of
the &ldquo;UK group relief&rdquo;), (iii) any and all Taxes of any person imposed on the Company or any of its Subsidiaries, or
for which the Company or any of its Subsidiaries may otherwise be liable, as a transferee or successor by contract or by operation
of any law, rule or regulation, which Taxes relate to an event or transaction occurring before the Closing, (iv) any and all Taxes
related to</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">or arising from the Section 338(h)(10) Election
as provided under <U>Section 6.4(i)(i)</U> (which, for the avoidance of doubt, shall not affect Seller&rsquo;s right to receive
the Final Tax Adjustment (or, as applicable, the Post-Tax Contest Final Tax Adjustment but only to the extent the amount of the
Post-Tax Contest Final Tax Adjustment exceeds the amount for which Purchaser may seek indemnification under this clause (iv) of
<U>Section 9.2(c)</U> by reason of Seller&rsquo;s failure to pay all Taxes related to or arising from the Section 338(h)(10) Election
as provided under <U>Section 6.4(i)(i)</U>) as part of the Share Consideration); and (v) any and all Taxes imposed on the Company
or any of its Subsidiaries in a Post-Closing Tax Period arising from or with respect to the termination, repayment or unwinding
of any DK Group Internal Debt and/or LVMH Intercompany Debt, including Taxes arising from the termination, repayment or unwinding
of any (1) DK Group Internal Debt in connection with the repayment of all LVMH Intercompany Debt at Closing and (2) internal DK
Group debt incurred or arising on or after the Closing in connection with the repayment of the DK Group Internal Debt as provided
in <U>Section 6.12</U> above or the repayment of all the LVMH Intercompany Debt at Closing; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
of the matters described on <B>Appendix I </B>(the &ldquo;<B>Indemnified Liabilities</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">9.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Indemnification
by Purchaser</U>.&nbsp;&nbsp;From and after the Closing Date, Purchaser shall indemnify, defend and hold Seller and its successors
in interest and assigns (each of the foregoing being referred to individually also as an &ldquo;<B>Indemnified Person</B>&rdquo;
and collectively also as &ldquo;<B>Indemnified Persons</B>&rdquo;) harmless from and against all Damages suffered or incurred by
such Indemnified Person (regardless of whether or not such Damages relate to any Third-Party Claim) resulting from or arising out
of any one or more of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
inaccuracy in or breach of any representation or warranty of Purchaser set forth in <U>Section 4</U> of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
breach or nonfulfillment of any covenant or agreement of Purchaser made pursuant to this Agreement; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
claims against LVMH Guaranties, to the extent paid by the applicable guarantor, and related to matters arising after the Closing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">9.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Limitations
of Liability.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Sole
and Exclusive Remedy</U>.&nbsp;&nbsp;From and after the Closing, the right of the Indemnified Persons to be indemnified pursuant
to this <U>Section 9</U> shall be the sole and exclusive remedy with respect to all Damages which such Indemnified Persons have
now or may have in the future regarding this Agreement or the Transaction, including any Damages attributable to any inaccuracy
or breach of any representation or warranty, or any failure to perform the covenants, agreements or undertakings contained in this
Agreement, any disclosure schedule or certificate delivered pursuant hereto or any agreement or other document contemplated hereby,
except for (x)&nbsp;claims for injunctive relief or specific performance or (y) claims based on fraud.&nbsp;&nbsp;Except as provided
in clauses (x) and (y) above, from and after the Closing, no Indemnified Person may commence any Proceeding against any other Party
hereto or any of their respective Affiliates with respect to the subject matter of this</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">Agreement or the Transaction, whether in contract,
tort or otherwise, except to enforce such Party&rsquo;s express rights under this <U>Section 9</U>.&nbsp;&nbsp;The provisions of
this <U>Section 9</U> were specifically bargained for and reflected in the amounts payable to Seller in connection with the Transaction
under <U>Section 2</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><U>De
Minimis</U></I><U> Claims</U>.&nbsp;&nbsp;The Indemnified Parties shall not be entitled to recover under <U>Section 9.2(a)</U>
or <U>Section 9.3(a)</U> on any individual claim (or series of related claims arising from the same facts or circumstances) unless
the Damages associated with such claim (or series of related claims arising from the same facts or circumstances) exceeds $20,000<B>
</B>in the aggregate.&nbsp;&nbsp;For the avoidance of doubt, any individual claim (or series of related claims arising from the
same facts or circumstances) under <U>Section 9.2(a)</U> or <U>Section 9.3(a)</U> that does not have Damages in excess of $20,000
in the aggregate shall not count toward the calculation of the Basket.&nbsp;&nbsp;Additionally, the Indemnified Parties shall not
be entitled to recover under <U>Section&nbsp;9.2(a)</U> or <U>Section 9.3(a)</U> for any Damages arising out of or caused by the
negotiation (including activities relating to due diligence), execution, delivery or public announcement or the pendency of this
Agreement or any of the transactions contemplated herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Basket
and Cap</U>.&nbsp;&nbsp;The Indemnified Parties shall not be entitled to recover under <U>Section 9.2(a)</U> or <U>Section 9.3(a)</U>
(i) until the total amount which the Indemnified Parties would otherwise recover under <U>Section 9.2(a)</U> or <U>Section 9.3(a)</U>,
as applicable, exceeds (without taking into account the Basket referenced in this <U>Section 9.4(c)</U>) on a cumulative basis
one percent (1%)<B> </B>of the Share Consideration (the &ldquo;<B>Basket</B>&rdquo;) and, in such event, Seller shall be required
to pay the amount of all such Damages in excess of the Basket and (ii)&nbsp;for Damages in excess of twenty percent (20%)<B> </B>of
the Share Consideration (the &ldquo;<B>Cap</B>&rdquo;); <I>provided</I>, that the Basket and Cap limitation shall not apply to
(i)&nbsp;Damages arising out of the inaccuracy of any Fundamental Representation and (ii) Damages arising out of or related to
fraud.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Taxes</U>.&nbsp;&nbsp;The
limitations on indemnification set forth in <U>Section 9.4(b)</U> and <U>Section 9.4(c)</U> shall not apply to indemnification
pursuant to <U>Section 9.2(a)</U> for breaches of the representations and warranties with respect to Taxes set forth in <U>Section
3.18</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Calculation
of Damages</U>.&nbsp;&nbsp;For purposes of determining the extent of and limitations on indemnification under this <U>Section 9</U>
or otherwise in this Agreement or any other agreement entered into in connection with this Agreement, the amount of any Damages
that may be subject to indemnification hereunder will be determined net of any Loss Tax Benefit and net of the sum of any amounts
actually recovered by the Indemnified Person under insurance policies with respect to such Damages, net of costs of collection
and any other costs incidental thereto, such as increased premiums (it being understood and agreed that the Indemnified Parties
shall have no obligation to seek coverage of any Damages under any insurance policy) and net of any reserves for the applicable
Damages, and/or any other reserves that are no longer required, contained in the Company Financial Statements.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Reliance</U>.&nbsp;&nbsp;Each
of the Parties acknowledges and agrees that, in entering into this Agreement, such Party (i) has relied only upon its own investigation
and analysis and the representations and warranties of the Parties expressly set forth in this</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">Agreement and (ii) has not relied upon, and
specifically disclaims, any statement, covenant, representation or warranty not contained herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Double Recovery</U>.&nbsp;&nbsp;Notwithstanding anything contained in this Agreement to the contrary, (i) no Indemnified Person
shall be entitled to indemnification under any provision of this Agreement or any other agreement entered into in connection with
this Agreement for any Damages to the extent such Indemnified Person has been indemnified or otherwise compensated for such Damages
(including by receipt of any insurance proceeds or through the Working Capital, Net Financial Debt, Unpaid Restructuring Costs
or the DK Group Internal Debt Costs) pursuant to this Agreement and (ii) any item with respect to which a Person is entitled to
indemnification under this Agreement or any other agreement entered into in connection with this Agreement shall not be included
in Working Capital, Net Financial Debt, Unpaid Restructuring Costs or DK Group Internal Debt Costs.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">9.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Indemnification
Claim Procedures.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An
Indemnitor shall be obligated to indemnify an Indemnified Person pursuant to the terms of this <U>Section 9</U> upon receipt from
such Indemnified Person of a written notice meeting the requirements set forth below in this <U>Section 9.5</U> (a notice meeting
such requirements is referred to as an &ldquo;<B>Indemnification Claim Notice</B>&rdquo;).&nbsp;&nbsp;An Indemnification Claim
Notice shall (i) state that an Indemnified Person has paid, incurred, suffered or sustained Damages, (ii) specify in reasonable
detail the individual items of such Damages, the date each such item was paid, incurred, suffered or sustained, and, the nature
of the misrepresentation, breach of warranty or covenant to which such item is related and (iii) set forth the amount of the Damages
incurred or reasonably be expected to be incurred by an Indemnified Person as a result of such breach (the &ldquo;<B>Claimed Damages</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the Indemnitor shall not object in writing within the 90-day period after receipt of an Indemnification Claim Notice (the &ldquo;<B>Objection
Period</B>&rdquo;) by delivery of a written notice of objection (an &ldquo;<B>Objection Notice</B>&rdquo;), such failure to so
object shall be an irrevocable acknowledgment by such Indemnitor that the Indemnified Person is entitled to the full amount of
the claim for Damages set forth in such Indemnification Claim Notice, subject to the limitations of this <U>Section 9</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the event that the Indemnitor shall deliver an Objection Notice in accordance with this <U>Section 9.5</U>, the Indemnitor and
the Indemnified Person shall attempt in good faith to agree upon the rights of the respective parties with respect to each of such
claims.&nbsp;&nbsp;If the Indemnitor and the Indemnified Person should so agree, a memorandum setting forth such agreement shall
be prepared and signed by both parties and the indemnification claim should be resolved accordingly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Indemnitor and the Indemnified Person fail to reach an agreement before the expiration of the Objection Period, then the Indemnified
Person may elect to pursue any and all remedies available under Legal Requirements to enforce the provisions of this Agreement
and to obtain payment of such Damages.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">9.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Defense
of Third-Party Claims.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
Indemnified Person making a claim for indemnification under this <U>Section 9</U> shall notify the indemnifying party (an &ldquo;<B>Indemnitor</B>&rdquo;)
of any claim against such Indemnified Person (or, in the case Purchaser is the Indemnified Person, against a member of the DK Group
with respect to which Purchaser is making a claim for indemnification under this <U>Section 9</U>) by a third-party, whether or
not involving a Proceeding (&ldquo;<B>Third-Party Claim</B>&rdquo;) in writing promptly after receiving notice of such claim (if
by a third-party), describing the claim, the amount thereof (if known and quantifiable) and the basis thereof; <I>provided</I>,
<I>however</I>, that the failure to so notify an Indemnitor shall not relieve the Indemnitor of its obligations hereunder except
to the extent that (and only to the extent that) the Indemnitor has been prejudiced thereby.&nbsp;&nbsp;Any Indemnitor shall be
entitled to participate in the defense of such action, lawsuit, proceeding, investigation or other claim giving rise to an Indemnified
Person&rsquo;s claim for indemnification at such Indemnitor&rsquo;s expense, and at its option (subject to the limitations set
forth below) shall be entitled to assume the defense thereof.&nbsp;&nbsp;The Indemnitor will not be liable to the Indemnified Person
for legal or other expenses incurred by the Indemnified Person in connection with such defense (other than as provided in (b) below),
and the Indemnified Person shall, to the best of its ability, assist the Indemnitor, at the expense of the Indemnitor, in the defense
of such claim, and shall promptly send to the Indemnitor, at the expense of the Indemnitor, copies of any documents received by
the Indemnified Person which relate to such claims; and <I>provided further</I>, that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Indemnified Person shall be entitled to participate in the defense of such claim and to employ counsel of its choice for such purpose;
<I>provided</I> that the fees and expenses of such separate counsel shall be borne by the Indemnified Person, except that the Indemnitor
shall pay all of the fees and expenses of such separate counsel if the Indemnified Person has been advised in writing by counsel
reasonably acceptable to Indemnitor, with a copy to the Indemnitor (to the extent it would not waive Indemnified Person&rsquo;s
attorney client privilege), that a reasonable likelihood exists of a conflict of interest between the Indemnitor and the Indemnified
Person);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Indemnitor shall not be entitled to assume control of such defense (unless otherwise agreed to in writing by the Indemnified Person)
and shall pay the fees and expenses of counsel retained by the Indemnified Person if (i) the claim for indemnification relates
to or arises in connection with any criminal or quasi criminal proceeding, action, indictment, allegation or investigation; (ii)
the claim seeks an injunction or equitable relief against the Indemnified Person; (iii) the Indemnified Person has been advised
in writing by counsel reasonably acceptable to Indemnitor, with a copy to the Indemnitor, that a reasonable likelihood exists of
a conflict of interest between the Indemnitor and the Indemnified Person; or (iv) upon petition by the Indemnified Person, the
appropriate court or arbitrator rules that the Indemnitor failed or is failing to vigorously prosecute or defend such claim;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if
the Indemnitor shall control the defense of any such claim, the Indemnitor shall obtain the prior written consent of the Indemnified
Person before entering into any settlement of a claim or ceasing to defend such claim if, pursuant to or as a result of such settlement
or cessation, (i) injunctive or other equitable relief will be imposed against the Indemnified Person, (ii) the Indemnified Person
is not expressly and unconditionally released from all liabilities and obligations with respect to such claim, without prejudice,
or (iii) such</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">settlement requires any admission of wrongdoing
or attributes Liability to the Indemnified Person; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if
the Indemnitor is not entitled to assume control of a Third-Party Claim pursuant to this Section, the Indemnified Person shall
obtain the prior written consent of Indemnitor before entering into any settlement of a claim or ceasing to defend such claim if,
pursuant to or as a result of such settlement or cessation, (i) injunctive or other equitable relief will be imposed against the
Indemnitor, or (ii) such settlement requires any admission of wrongdoing or attributes Liability to the Indemnitor.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">9.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Miscellaneous</U>.&nbsp;&nbsp;Any
amounts paid in satisfaction of indemnification claims under <U>Section 9</U> or other provisions of this Agreement or any other
agreement entered into in connection with this Agreement, shall be treated as adjustments to the Share Consideration for Tax purposes
and such agreed treatment will govern for purposes of this Agreement, unless otherwise required by applicable Legal Requirements.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I><U>General
Provisions</U></I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices</U>.&nbsp;&nbsp;All
notices, requests, demands, claims and other communications required or permitted hereunder shall be in writing and shall be sent
by nationally recognized overnight courier.&nbsp;&nbsp;Any notice, request, demand, claim or other communication required or permitted
hereunder will be deemed duly delivered one (1) Business Day (or five (5) Business Days of being sent internationally) after being
sent by nationally recognized commercial overnight courier service, with confirmation of receipt, to the Parties at the following
addresses (or at such other address for a Party as shall be specified upon like notice):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if
to Purchaser (or the Company after the Closing), to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">G-III Apparel Group, Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">512 Seventh Avenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">New York, New York&nbsp;&nbsp;10018</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Attention:&nbsp;&nbsp;Wayne S. Miller</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">with a copy to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Until August 26, 2016:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Norton Rose Fulbright US LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">666 Fifth Avenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">New York, New York&nbsp;&nbsp;10103</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Attention:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neil Gold, Esq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2.25in">Manuel G. Rivera, Esq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Commencing August 27, 2016:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Norton Rose Fulbright US LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">1301 Avenue of the Americas</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">New York, New York&nbsp;&nbsp;10019</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Attention:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neil Gold, Esq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2.25in">Manuel G. Rivera, Esq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if
to Seller, to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">LVMH Moet Hennessy Louis Vuitton Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">19 East 57th Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">New York, New York 10022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Attention:&nbsp;&nbsp;Anish Melwani</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">with a copy to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">LVMH Mo&euml;t Hennessy Louis Vuitton SE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">22, avenue Montaigne</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">75008&nbsp;&nbsp;Paris</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">France</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Attention: M. Bernard Kuhn</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">and a copy to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">LVMH Moet Hennessy Louis Vuitton Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">19 East 57<SUP>th</SUP> Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">New York, New York 10022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Attention:&nbsp;&nbsp;Louise Firestone, Esq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Barack Ferrazzano Kirschbaum &amp; Nagelberg LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">200 W. Madison Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Suite 3900</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Chicago, Illinois&nbsp;&nbsp;60606</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in">Attention:&#9;Peter
J. Barack, Esq.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Notwithstanding the foregoing, any Party may
send any notice, request, demand, claim, or other communication required or permitted hereunder to the intended recipient at the
address set forth above using any other means (including personal delivery, messenger service, facsimile transmission, ordinary
mail or electronic mail); <I>provided, however</I>, that no such notice, request, demand, claim, or other communication will be
deemed to have been duly given unless and until it actually is received by the intended recipient.&nbsp;&nbsp;Any Party may change
the address to which notices, requests, demands, claims, and other communications required or permitted hereunder are to be delivered
by giving the other Parties notice in the manner herein set forth.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">10.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Counterparts</U>.&nbsp;&nbsp;This
Agreement may be executed in one or more counterparts (any of which may be delivered by facsimile or other electronic transmission),
all of</P>

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


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    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">which shall be considered one and the same
agreement, and shall become effective when one or more counterparts have been signed by each of the Parties and delivered to the
other Parties, it being understood that all Parties need not sign the same counterpart.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">10.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Entire
Agreement; Nonassignability; Parties in Interest</U>.&nbsp;&nbsp;This Agreement and the documents and instruments delivered pursuant
hereto, including the exhibits hereto, the Disclosure Schedule and the other schedules hereto: (a) together constitute the entire
agreement and understanding among the Parties with respect to the subject matter hereof and supersede all prior agreements and
understandings, both written and oral, among the Parties with respect to the subject matter hereof, except for the Confidentiality
Agreement and (b) are not intended to confer upon any other person any rights or remedies hereunder, except as provided in the
final sentence of this <U>Section 10.3</U>.&nbsp;&nbsp;None of the Parties hereto shall be permitted to assign this Agreement or
any of its rights or obligations hereunder (by operation of law or otherwise) without the written consent of each of the Parties
hereto, provided that, after the Closing Date, the Purchaser&rsquo;s rights hereunder may be pledged as collateral for the Financing.&nbsp;&nbsp;The
Financing Sources shall be express third party beneficiaries of <U>Section 10.8</U> (Governing Law; Court of Competent Jurisdiction)
and <U>Section 10.13</U> (Exculpation).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">10.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Severability</U>.&nbsp;&nbsp;In
the event that any term or other provision of this Agreement, or the application thereof becomes, or is declared by any rule of
law, under public policy or by a court of competent jurisdiction to be illegal, void or unenforceable, the remainder of this Agreement,
and the application of such provision to other persons or circumstances other than those as to which it is determined to be illegal,
void or unenforceable, will not be impaired or otherwise affected and will continue in full force and effect and be enforceable
to the fullest extent permitted by Legal Requirement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">10.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Expenses</U>.&nbsp;&nbsp;Other
than as set forth in this Agreement, the Parties agree that all fees and expenses incurred by them arising in whole or in part
under, related to, based on or in connection with this Agreement or the subject matter hereof, and the Transaction and other transactions
contemplated by this Agreement shall be borne by the Party incurring such fees and expenses, including, all fees of counsel and
accountants, and such fees and expenses shall not be borne by the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">10.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Specific
Performance</U>.&nbsp;&nbsp;The Parties hereto agree that irreparable damage would occur and that the Parties would not have any
adequate remedy at law in the event any provision of this Agreement was not performed in accordance with the specific terms hereof
or were otherwise breached.&nbsp;&nbsp;It is accordingly agreed that the Parties hereto shall be entitled (in addition to any other
remedies available to them) to specific performance of the terms of this Agreement (which may include an order compelling a Party&rsquo;s
counterparty hereto to close the Transaction) and injunctive relief (without bond or other security being required and without
the necessity of proving the inadequacy of money damages) to prevent breaches or threatened breaches of this Agreement, this being
in addition to any other remedy to which they are entitled at law or in equity.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">10.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Confidential
Arbitration.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject
to <U>Section 10.6</U> above, any claims or disputes arising out of, relating to, or in connection with this Agreement will be
finally settled by arbitration under the Rules of Arbitration of the International Chamber of Commerce in force at the date of
the request for arbitration (the &ldquo;<B>ICC Rules</B>&rdquo;), including the rules thereof pertaining to the production of documents
and other information, except as they may be modified herein (including in <U>Section&nbsp;10.7(c)</U> below) or by mutual agreement
of the parties.&nbsp;&nbsp;The seat of the arbitration will be New York, New York, and it will be conducted in the English language.&nbsp;&nbsp;To
the extent feasible, multiple claims shall be consolidated in a single proceeding.&nbsp;&nbsp;It is the intention of the parties
that all proceedings initiated pursuant to this <U>Section 10.7</U><B> </B>be conducted as expeditiously as reasonably possible.&nbsp;&nbsp;Each
party hereto understands that by entering into this Agreement, it is waiving any right it may have to file a lawsuit or other civil
action or proceeding relating to this Agreement, and that it is waiving any right that it may have to resolve disputes through
trial by jury.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
purposes of this <U>Section 10.7</U>, where Purchaser or any of its Affiliates and Seller or any of its Affiliates are each parties
to an arbitration, Purchaser and its Affiliates will be deemed to be one party and Seller and its Affiliates will be deemed to
be one party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
party seeking arbitration (the &ldquo;<B>Claimant</B>&rdquo;) will nominate an arbitrator in the request for arbitration and statement
of claim (the &ldquo;<B>Request for Arbitration</B>&rdquo;), subject to confirmation by the International Court of Arbitration
of the International Chamber of Commerce (the &ldquo;<B>ICC Court</B>&rdquo;) or Secretary General of the International Chamber
of Commerce (the &ldquo;<B>Secretary General</B>&rdquo;), as provided in the ICC Rules.&nbsp;&nbsp;After filing the Request for
Arbitration is complete pursuant to the ICC Rules, the Claimant will serve the Request for Arbitration upon the Claimant.&nbsp;&nbsp;Within
ten (10) Business Days of receipt of the filed Request for Arbitration, the party against whom the claim is made (the &ldquo;<B>Respondent</B>&rdquo;)
will file and serve the Answer to the Request for Arbitration and notify the Claimant and the ICC Court of an arbitrator that it
nominates, subject to confirmation as provided in the ICC Rules.&nbsp;&nbsp;Upon confirmation by the ICC Court or the Secretary
General of the two arbitrators nominated by the parties, such two arbitrators will select a third arbitrator, who, once confirmed,
shall serve as chairman of the arbitral panel; the nomination of the third arbitrator shall be made within ten (10) Business Days
of the confirmation of the arbitrators nominated by the parties.&nbsp;&nbsp;If the arbitrators nominated by the Claimant and the
Respondent cannot agree on a third arbitrator within such time period, then the ICC Court will appoint the third arbitrator, who
shall serve as chairman of the arbitral panel.&nbsp;&nbsp;By whomever appointed, the three arbitrators will act as the sole arbitrators
in the arbitral proceeding.&nbsp;&nbsp;The parties specifically agree that, as to any proceeding initiated pursuant to this <U>Section&nbsp;10.7</U>:&nbsp;&nbsp;(i)
the arbitrators will be empowered to award and order equitable or injunctive relief with respect to matters brought before them;
(ii) any taking of evidence that may be required shall be handled expeditiously, and all disputes regarding the taking of evidence
shall be resolved by the arbitrators within ten (10) Business Days, or as soon thereafter as practicable.&nbsp;&nbsp;It is the
intent of the parties that barring extraordinary circumstances or unavailability of members of the arbitral panel, (i) a hearing
on the merits of all claims for which arbitration is sought by either party shall be commenced not later than ninety (90) days
from the date the ICC arbitration panel conducts the initial case management conference, following issuance of the arbitral panel&rsquo;s
&ldquo;Terms of Reference,&rdquo; in</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">accordance with the ICC Rules, and (ii) the
arbitral panel will submit a written draft Award to the ICC Court for its review, which shall reveal the essential findings and
conclusions on which the award is based, within thirty (30) days after the conclusion of such hearing.&nbsp;&nbsp;Failure to adhere
to these time limits shall not be a basis for challenging the award or challenging the arbitral tribunal&rsquo;s jurisdiction.&nbsp;&nbsp;With
respect to any arbitration proceeding arising under this Agreement, the parties further agree that with respect to any discovery
in such proceeding:&nbsp;&nbsp;(i) the arbitrators will not be empowered to provide for any requests for documents beyond one (1)
set of requests by each party for the production of documents by the other party, which requests shall be submitted within five
(5) Business Days of Respondent&rsquo;s submission of its Answer to the Request for Arbitration; and (ii) each party will be limited
to one deposition, with the Seller entitled to take a single deposition of one (1) corporate representative of the Purchaser and
the Purchaser entitled to take a single deposition of one (1) corporate representative of the Seller, such corporate representative
depositions to be consistent with Federal Rule of Civil Procedure 30(b)(6). The award will be final and binding and non-appealable,
and judgment thereon may be entered by any Court of Competent Jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
parties agree that each of them shall bear all of their own fees, costs and expenses in connection with any arbitral proceeding
initiated pursuant to this <U>Section 10.7</U>, including but not limited to attorneys&rsquo; fees.&nbsp;&nbsp;The cost of the
three arbitrators shall be shared equally by the Claimant and the Respondent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arbitration
pursuant to this <U>Section 10.7</U> shall be the exclusive method available for resolution of claims, disputes and controversies
described in this <U>Section&nbsp;10.7</U>, and the parties stipulate that the provisions hereof shall be a complete defense to
any suit, action, or proceeding in any court or before any administrative or arbitration tribunal with respect to any such claim,
controversy or dispute.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
the terms of this <U>Section 10.7</U>, each party acknowledges and agrees that the other parties may be damaged irreparably if
this Agreement is not performed in accordance with its terms or otherwise is breached, and that, at any time before and after a
demand notice is presented, the parties shall be free to apply to any Court of Competent Jurisdiction for (i) in the case of <U>Section
6.2</U>, any temporary or permanent injunctive or equitable relief that is available to such party, and (ii) in all other cases,
interim or conservatory measures (including temporary conservatory injunctions), in each case to prevent breaches of this Agreement,
and to enforce specifically this Agreement and its terms.&nbsp;&nbsp;The parties acknowledge and agree that any such action by
a party shall not be deemed to be a breach of such party&rsquo;s obligation to arbitrate all disputes under this <U>Section 10.7</U><B>
</B>or infringe upon the powers of any arbitral panel.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
parties shall keep confidential, and not disclose the fact that there is a dispute between the parties, the details of the dispute,
the fact of the arbitration and all details relating to the proceeding, except as required by Legal Requirement and consistent
with the parties&rsquo; right to limited judicial review of the arbitrator&rsquo;s award.&nbsp;&nbsp;All statements, documents,
claims, demands, transcripts, evidence, discovery materials or communications, whether oral, written, electronic or in any other
form, that are submitted or prepared by any party in connection with an arbitration proceeding initiated pursuant to this <U>Section
10.7</U> shall be Confidential Information for the purposes of <U>Section 6.2</U> above.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
provisions of this <U>Section 10.7</U> shall survive the Closing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">10.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Governing
Law; Court of Competent Jurisdiction</U>.&nbsp;&nbsp;This Agreement shall be governed by and construed in accordance with the laws
of the State of New York without regard to applicable principles of choice or conflicts of law that would cause application of
the laws of any other jurisdiction.&nbsp;&nbsp;Any proceeding initiated pursuant to <U>Section 10.7</U> above shall incorporate
the substantive laws of the State of New York, except as modified by the terms of <U>Section 10.7</U>.&nbsp;&nbsp;The Parties agree
that any permissible action arising out of or relating to this Agreement, including an action for injunctive or provisional relief
or in connection with an arbitral award or proceeding, shall be brought exclusively in a state or federal court of competent subject
matter jurisdiction located in the State of New York, New York County (a &ldquo;<B>Court of Competent Jurisdiction</B>&rdquo;),
irrevocably submit to the personal jurisdiction of any such court, and waive any objection to the venue of such court and any argument
that such court is an inconvenient forum.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">10.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Reliance</U>.&nbsp;&nbsp;Each
of the Parties hereto acknowledges that it has been informed by each other Party that the provisions of <U>Sections 10.7</U> and
<U>10.8</U> constitute a material inducement upon which such Party is relying and will rely in entering into this Agreement, and
each such Party agrees that any breach by such Party of any of the provisions <U>Sections 10.7</U> and <U>10.8</U> would constitute
a material breach of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">10.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Rules
of Construction.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Parties hereto agree that they have been represented by independent counsel during the negotiation, preparation and execution of
this Agreement.&nbsp;&nbsp;Each Party and its counsel, if any, cooperated in the drafting and preparation of this Agreement and
the documents referred to herein, and any and all drafts relating thereto will be deemed the work product of the Parties and may
not be construed against any Party by reason of its preparation.&nbsp;&nbsp;Accordingly, each Party, therefore, waives the application
of any law, regulation, holding or rule of construction providing that ambiguities in an agreement or other document will be construed
against the party drafting such agreement or document.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
purposes of this Agreement, whenever the context requires: the singular number shall include the plural, and vice versa; the masculine
gender shall include the feminine and neuter genders; the feminine gender shall include the masculine and neuter genders; and the
neuter gender shall include the masculine and feminine genders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
used in this Agreement, (i) the words &ldquo;include&rdquo; and &ldquo;including,&rdquo; and variations thereof, shall not be deemed
to be terms of limitation, but rather shall be deemed to be followed by the words &ldquo;without limitation&rdquo;, (ii) the words
&ldquo;hereby,&rdquo; &ldquo;herein,&rdquo; &ldquo;hereunder&rdquo; and &ldquo;hereto&rdquo; shall be deemed to refer to this Agreement
in its entirety and not to any specific section of this Agreement, (iii) all references to &ldquo;dollars&rdquo; or &ldquo;$&rdquo;
shall mean United States dollars, (iv) the words &ldquo;as of the date hereof&rdquo; shall be deemed to refer to the date of this
Agreement and (v) the words &ldquo;material,&rdquo; &ldquo;materiality,&rdquo; &ldquo;material adverse effect&rdquo; and variations
thereof, when referring to the DK Group or any member of the DK Group, or any of their respective assets, properties, rights or
liabilities, shall be interpreted and measured based on the entire DK Group, taken as a whole.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as otherwise indicated, all references in this Agreement to &ldquo;Sections,&rdquo; &ldquo;Schedules,&rdquo; &ldquo;Exhibits&rdquo;
and &ldquo;Appendices&rdquo; are intended to refer to Sections of this Agreement and the Disclosure Schedule, Exhibits and Appendices
to this Agreement.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
documents included in one or more flash drives delivered to Purchaser prior to the date hereof shall be considered to have been
delivered or made available to Purchaser, but inclusion on such flash drives shall not be considered the sole method by which a
document may be considered delivered or made available to Purchaser.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">10.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendment;
Waiver.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Agreement may not be amended except by an instrument in writing signed on behalf of Purchaser and Seller, and the last sentence
of <U>Section 10.3</U>, <U>Section 10.8</U> and <U>10.13</U> may not be amended without the additional consent of the Lenders if
any such amendment to such provisions would be materially adverse to the interests of the Financing Sources.&nbsp;&nbsp;Any waiver
of any of the terms or conditions of this Agreement must be in writing and must be duly executed by or on behalf of the party to
be charged with such waiver.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as expressly set forth in this Agreement, the delay or failure of a Party to exercise any of its rights hereunder or to insist
upon strict adherence to any term or condition hereof on any one occasion shall not be construed as a waiver of, or acquiescence
in, any breach of any representation, warranty or agreement herein, nor will it deprive that Party of the right thereafter to insist
upon strict adherence to the terms and conditions of this Agreement at a later date, nor will any single or partial exercise of
any such right preclude any other or further exercise thereof or of any other right.&nbsp;&nbsp;Further, no waiver of any of the
terms and conditions of this Agreement shall be deemed to or shall constitute a waiver of any other term of condition hereof (whether
or not similar).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">10.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Headings</U>.&nbsp;&nbsp;The
headings contained in this Agreement are inserted only for reference as a matter of convenience and in no way define, limit, or
describe the scope or intent of this Agreement, and will not affect in any way the meaning or interpretation of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">10.13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Exculpation</U>.&nbsp;&nbsp;Notwithstanding
anything to the contrary contained herein, neither Seller nor any of its Affiliates and their respective stockholders, partners,
members, officers, directors employees, controlling person, agents and representatives (collectively the &ldquo;<B>Seller Related
Parties</B>&rdquo;), shall have any rights or claims against any Financing Source in connection with this Agreement, the Financing
or the transactions contemplated hereby or thereby, and no Financing Source shall have any rights or claims against any Seller
Related Party (other than Purchaser) in connection with this Agreement, the Financing or the transactions contemplated hereby or
thereby, whether at law or equity, in contract, in tort or otherwise (except pursuant to the intercreditor agreement referred to
in <U>Exhibit B</U> hereto which is to be entered into on the Closing Date between and among a Seller Related Party and a Financing
Source); <I>provided</I> that the foregoing will not limit the rights of the parties to the Debt Commitment Letter thereunder or
under any definitive documentation with respect to the Financing.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">10.14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Third Party Beneficiaries</U>.&nbsp;&nbsp;Except as provided in&nbsp;<U>Section 9</U>, this Agreement is for the sole benefit of
the parties hereto and their respective successors and permitted assigns and nothing herein, express or implied, is intended to
or shall confer upon any other Person or entity any legal or equitable right, benefit or remedy of any nature whatsoever under
or by reason of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>[REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK]</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF, the
Parties have caused this Agreement to be executed and delivered by each of them or their respective officers thereunto duly authorized,
all as of the date first written above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; 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 COLSPAN="2"><FONT STYLE="text-transform: uppercase"><B>G-III APPAREL GROUP, LTD.</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 44%">&nbsp;</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>By: </TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ WAYNE S. MILLER</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Name:</TD>
    <TD>Wayne S. Miller</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Title:</TD>
    <TD>Chief Operating Officer</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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 COLSPAN="2"><B>LVMH MOET HENNESSY LOUIS VUITTON INC.</B></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 44%">&nbsp;</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ ANISH MELWANI</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Name:</TD>
    <TD>Anish Melwani</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Title:</TD>
    <TD>Chairman &amp; CEO</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM OF SELLER PARENT GUARANTY</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>GUARANTY OF PAYMENT AND PERFORMANCE </U></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>THIS GUARANTY OF PAYMENT AND PERFORMANCE
</B>(this &ldquo;<B>Guaranty</B>&rdquo;) is executed and delivered this _____________, 2016 by LVMH Mo&euml;t Hennessy Louis Vuitton
SE (&ldquo;<B>Guarantor</B>&rdquo;). All capitalized terms used but not defined herein shall have the same meaning as given to
such term in the Purchase Agreement (as defined below).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4.5pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4.5pt; text-align: justify; text-indent: 0.5in">1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>THE
GUARANTY</U>.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Guarantor&rsquo;s
Agreement</U></B>. Guarantor unconditionally and irrevocably guarantees to G-III Apparel Group, Ltd., a Delaware corporation (&ldquo;<B>Purchaser</B>&rdquo;)
to pay in full and perform when due the Obligations (as hereinafter defined). This Guaranty is absolute, independent and continuing
under all circumstances, and is a guaranty of payment and performance, not of collection. Guarantor hereby acknowledges that Purchaser
has given sufficient consideration for this Guaranty by entering into that certain Stock Purchase Agreement dated of even date
herewith (the &ldquo;<B>Purchase Agreement</B>&rdquo;) with LVMH Moet Hennessy Louis Vuitton Inc., a Delaware corporation (&ldquo;<B>Seller</B>&rdquo;),
and agreeing to purchase all of the issued and outstanding shares of Donna Karan International, Inc., a Delaware corporation (the
&ldquo;<B>Transaction</B>&rdquo;), and to otherwise perform its obligations thereunder. </FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Obligations</U></B>.
For all purposes of this Guaranty, the term &ldquo;<B>Obligations</B>&rdquo; shall mean: all monetary and performance obligations
of Seller to Purchaser of any kind whatsoever, howsoever created, arising or evidenced, under the Purchase Agreement and the agreements
and the letters ancillary thereto, including, without limitation, the obligation to pay any indemnification obligations of Seller
thereunder. </FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">1.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Continuing
Guaranty</U></B>. This Guaranty shall in all respects be a continuing guaranty, remaining in full force and effect until all of
the following have occurred: (i) all of the Obligations have been satisfied in full, and (ii) all of the obligations of Guarantor
hereunder have been satisfied in full.&nbsp;&nbsp;No notice of discontinuance or revocation shall affect any of the obligations
of Guarantor hereunder or of Seller under any of the Obligations. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4.5pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4.5pt; text-align: justify; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>COVENANTS,
CONDITIONS AND AGREEMENTS</U></B>. Guarantor hereby covenants and agrees with Purchaser as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Certain
Events Not Affecting Obligations of Guarantor</U></B>. The obligations of Guarantor hereunder shall not be affected by any of
the following: (i) the release or discharge of Seller in any creditors&rsquo;, receivership, bankruptcy, reorganization, insolvency,
or other proceedings; (ii) the rejection or disaffirmance in any such proceeding of any of the Obligations; or (iii) the impairment
or modification of any of the Obligations, or of any remedy for the enforcement thereof, or of the estate of Seller in bankruptcy,
resulting from any present or future federal or state bankruptcy law or any other law of any kind or from the decision or order
of any court or other governmental authority.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Waivers
by Guarantor</U></B>. Guarantor hereby expressly waives each of the following: (i) notice of the acceptance by Purchaser of this
Guaranty, notice of the existence, creation or non-payment of any of the Obligations, presentment, demand, notice<B><I> </I></B></FONT></P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">of dishonor, protest, notice of protest,
and all other notices except any specifically required by this Guaranty or required by law; (ii) any obligation Purchaser may
have to disclose to Guarantor any facts Purchaser now or hereafter may know or have reasonably available to it regarding Seller
or the financial condition of Seller, whether or not Purchaser has a reasonable opportunity to communicate such facts or has reason
to believe that any such facts are unknown to Guarantor or materially increase the risk to Guarantor beyond the risk Guarantor
intends to assume hereunder; (iii) all diligence in collection of any of the Obligations, any obligation hereunder, or any guaranty
or other security for any of the foregoing; (iv) the benefit of all appraisement, valuation, marshaling, forbearance, stay, extension,
redemption, homestead, exemption and moratorium laws now or hereafter in effect; (v) any defense based on the incapacity, lack
of authority, death or disability of any other person or entity or the failure of Purchaser to file or enforce a claim against
the estate of any person or entity in any administrative, bankruptcy or other proceeding; (vi) any defense based on an election
of remedies by Purchaser, whether or not such election may affect in any way the recourse, subrogation or other rights of Guarantor
against Seller or any other person in connection with the Obligations; and (vii) any rights arising because of Guarantor&rsquo;s
payment or performance of any of the Obligations against Seller, by way of subrogation of the rights of Purchaser or otherwise;
provided, that at such time, if ever, as the Obligations are paid and performed in full, the waiver set forth in this Section
3.3(vii) shall be of no further force or effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">To induce Purchaser to enter into the Purchase Agreement, Guarantor
represents and warrants that this Guaranty constitutes Guarantor&rsquo;s valid and legally binding agreement in accordance with
its terms and that the execution, delivery and performance of this Guaranty have been duly authorized by any necessary action and
will not violate any Legal Requirement applicable to Guarantor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4.5pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4.5pt; text-align: justify; text-indent: 0.5in">3. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>MISCELLANEOUS</U>.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Successors
and Assigns</U></B>. All obligations under this Guaranty shall be binding upon Guarantor and its successors and assigns.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Assignment
by Purchaser</U></B>. Purchaser may from time to time, without notice to Guarantor, assign or transfer any interest in any of
the Obligations, and notwithstanding such assignment or transfer, such Obligations shall remain Obligations for purposes of this
Guaranty.&nbsp;&nbsp;Each immediate and successive assignee or transferee of any interest in any of the Obligations and this Guaranty
shall, to the extent of such interest, be entitled to the benefits of this Guaranty to the same extent as if such assignee or
transferee were Purchaser. </FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Legal
Tender of United States</U></B>. All payments hereunder shall be made in coin or currency which at the time of payment is legal
tender in the United States of America for public and private debts.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Time
of Essence</U></B>. Time is of the essence of this Guaranty.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Notices</U></B>.
All notices, requests, demands, claims and other communications required or permitted hereunder shall be in writing and shall
be sent by<U> </U></FONT></P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">nationally recognized overnight courier.&nbsp;&nbsp;Any
notice, request, demand, claim or other communication required or permitted hereunder will be deemed duly delivered one (1) Business
Day (or five (5) Business Days of being sent internationally) after being sent by nationally recognized commercial overnight courier
service, with confirmation of receipt, to Guarantor or Purchaser at the following addresses (or at such other address for Guarantor
or Purchaser as shall be specified upon like notice):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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: 0.5in">&nbsp;</TD>
    <TD STYLE="width: 2in"><FONT STYLE="font-family: Times New Roman, Times, Serif">if to Guarantor:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">LVMH Mo&euml;t Hennessy Louis Vuitton SE</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">22, avenue Montaigne</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">75008&nbsp;&nbsp;Paris</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">France</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Attn:&nbsp;&nbsp;M. Bernard Kuhn</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">with a copy to:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Barack Ferrazzano Kirschbaum &amp; Nagelberg LLP</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">200 W. Madison St.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Suite 3900</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Chicago, Illinois&nbsp;&nbsp;60606</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Attn:&nbsp;&nbsp;Peter J. Barack, Esq.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">In the case of Purchaser to:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">G-III Apparel Group, Ltd.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">512 Seventh Avenue</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">New York, New York&nbsp;&nbsp;10018</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Attn:&nbsp;&nbsp;Wayne S. Miller</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">with a copy to:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Norton Rose Fulbright US LLP</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">1301 Avenue of the Americas</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">New York, New York&nbsp;&nbsp;10019</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Attn: Neil Gold, Esq.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 20pt">&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">Manuel G. Rivera, Esq.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Notwithstanding the foregoing, Purchaser or Guarantor may send any
notice, request, demand, claim, or other communication required or permitted hereunder to the intended recipient at the address
set forth above using any other means (including personal delivery, messenger service, facsimile transmission, ordinary mail or
electronic mail); <I>provided, however</I>, that no such notice, request, demand, claim, or other communication will be deemed
to have been duly given unless and until it actually is received by the intended recipient.&nbsp;&nbsp;Purchaser or Guarantor may
change the address to which notices, requests, demands, claims, and other communications required or permitted hereunder are to
be delivered by giving the other party notice in the manner herein set forth.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Entire
Agreement</U></B>. This Guaranty constitutes the entire agreement of Guarantor and Purchaser with respect to the subject matter
hereof and supersedes any prior agreements with respect to such subject matter.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Independent
Obligations</U></B>. The obligations of Guarantor hereunder are independent of the obligations of Seller.&nbsp;&nbsp;In the event
of any breach or default hereunder, Purchaser may institute a separate action against Guarantor with or without joining or instituting
a separate action against Seller.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Confidential
Arbitration</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
claims or disputes arising out of, relating to, or in connection with this Guaranty will be finally settled by arbitration under
the Rules of Arbitration of the International Chamber of Commerce in force at the date of the request for arbitration (the &ldquo;<B>ICC
Rules</B>&rdquo;), including the rules thereof pertaining to the production of documents and other information, except as they
may be modified herein (including in <U>Section&nbsp;3.8(b)</U> below) or by mutual agreement of the parties.&nbsp;&nbsp;The seat
of the arbitration will be New York, New York, and it will be conducted in the English language.&nbsp;&nbsp;To the extent feasible,
multiple claims shall be consolidated in a single proceeding.&nbsp;&nbsp;It is the intention of the parties that all proceedings
initiated pursuant to this <U>Section 3.8</U> be conducted as expeditiously as reasonably possible.&nbsp;&nbsp;Each of Guarantor
and Purchaser understands that by making or accepting this Guaranty, it is waiving any right it may have to file a lawsuit or other
civil action or proceeding relating to this Guaranty, and that it is waiving any right that it may have to resolve disputes through
trial by jury.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
party seeking arbitration (the &ldquo;<B>Claimant</B>&rdquo;) will nominate an arbitrator in the request for arbitration and statement
of claim (the &ldquo;<B>Request for Arbitration</B>&rdquo;), subject to confirmation by the International Court of Arbitration
of the International Chamber of Commerce (the &ldquo;<B>ICC Court</B>&rdquo;) or Secretary General of the International Chamber
of Commerce (the &ldquo;<B>Secretary General</B>&rdquo;), as provided in the ICC Rules.&nbsp;&nbsp;After filing the Request for
Arbitration is complete pursuant to the ICC Rules, the Claimant will serve the Request for Arbitration upon the other party.&nbsp;&nbsp;Within
ten (10) Business Days of receipt of the filed Request for Arbitration, the party against whom the claim is made (the &ldquo;<B>Respondent</B>&rdquo;)
will file and serve the Answer to the Request for Arbitration and notify the Claimant and the ICC Court of an arbitrator that it
nominates, subject to confirmation as provided in the ICC Rules.&nbsp;&nbsp;Upon confirmation by the ICC Court or the Secretary
General of the two arbitrators nominated by the parties, such two arbitrators will select a third arbitrator, who, once confirmed,
shall serve as chairman of the arbitral panel; the nomination of the third arbitrator shall be made within ten (10) Business Days
of the confirmation of the arbitrators nominated by the parties.&nbsp;&nbsp;If the arbitrators nominated by the Claimant and the
Respondent cannot agree on a third arbitrator within such time period, then the ICC Court will appoint the third arbitrator, who
shall serve as chairman of the arbitral panel.&nbsp;&nbsp;By whomever appointed, the three arbitrators will act as the sole arbitrators
in the arbitral proceeding.&nbsp;&nbsp;The parties specifically agree that, as to any proceeding initiated pursuant to this <U>Section
3.8</U>:&nbsp;&nbsp;(i) the arbitrators will be empowered to award and order equitable or injunctive relief with respect to matters
brought before them; (ii) any taking of evidence that may be required shall be handled expeditiously, and all disputes regarding
the taking of evidence shall be resolved by the arbitrators within ten (10) Business Days, or as soon thereafter as practicable.&nbsp;&nbsp;It
is the intent of the parties that barring extraordinary circumstances or unavailability of members of the arbitral panel, (i) a
hearing on the merits of all claims for which arbitration is sought by either party shall be commenced not later than ninety (90)
days from the date the ICC arbitration panel conducts the initial case management conference, following issuance of the arbitral
panel&rsquo;s &ldquo;Terms of Reference,&rdquo; in accordance with the ICC Rules, and (ii) the arbitral panel will submit a written
draft award to the ICC Court for its review, which shall reveal the essential findings and conclusions on which the award is based,
within thirty (30) days after the conclusion of such hearing.&nbsp;&nbsp;Failure to adhere to these time limits shall not be a
basis for challenging the award or challenging the</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 0">arbitral tribunal&rsquo;s jurisdiction.&nbsp;&nbsp;With
respect to any arbitration proceeding arising under this Guaranty, the parties further agree that with respect to any discovery
in such proceeding:&nbsp;&nbsp;(i) the arbitrators will not be empowered to provide for any requests for documents beyond one (1)
set of requests by each party for the production of documents by the other party, which requests shall be submitted within five
(5) Business Days of Respondent&rsquo;s submission of its Answer to the Request for Arbitration; and (ii) each party will be limited
to one deposition, with Guarantor entitled to take a single deposition of one (1) corporate representative of Purchaser and Purchaser
entitled to take a single deposition of one (1) corporate representative of Guarantor, such corporate representative depositions
to be consistent with Federal Rule of Civil Procedure 30(b)(6). The award will be final and binding and non-appealable, and judgment
thereon may be entered by any Court of Competent Jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9.35pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
parties agree that each of them shall bear all of their own fees, costs and expenses in connection with any arbitral proceeding
initiated pursuant to this <U>Section 3.8</U>, including but not limited to attorneys&rsquo; fees.&nbsp;&nbsp;The cost of the three
arbitrators shall be shared equally by the Claimant and the Respondent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arbitration
pursuant to this <U>Section 3.8</U> shall be the exclusive method available for resolution of claims, disputes and controversies
described in this <U>Section 3.8</U>, and the parties stipulate that the provisions hereof shall be a complete defense to any suit,
action, or proceeding in any court or before any administrative or arbitration tribunal with respect to any such claim, controversy
or dispute.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
the terms of this <U>Section 3.8</U>, each party acknowledges and agrees that the other parties may be damaged irreparably if this
Guaranty is not performed in accordance with its terms or otherwise is breached, and that, at any time before and after a demand
notice is presented, the parties shall be free to apply to any Court of Competent Jurisdiction for interim or conservatory measures
(including temporary conservatory injunctions), in each case to prevent breaches of this Guaranty, and to enforce specifically
this Guaranty and its terms.&nbsp;&nbsp;The parties acknowledge and agree that any such action by a party shall not be deemed to
be a breach of such party&rsquo;s obligation to arbitrate all disputes under this <U>Section 3.8</U><B> </B>or infringe upon the
powers of any arbitral panel.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
parties shall keep confidential, and not disclose the fact that there is a dispute between the parties, the details of the dispute,
the fact of the arbitration and all details relating to the proceeding, except as required by Legal Requirement and consistent
with the parties&rsquo; right to limited judicial review of the arbitrator&rsquo;s award.&nbsp;&nbsp;All statements, documents,
claims, demands, transcripts, evidence, discovery materials or communications, whether oral, written, electronic or in any other
form, that are submitted or prepared by any party in connection with an arbitration proceeding initiated pursuant to this <U>Section
3.8</U> shall be Confidential Information for the purposes of the Purchase Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Governing
Law; Court of Competent Jurisdiction</U></B>. This Guaranty shall be governed by and construed in accordance with the laws of
the State of New York without regard to applicable principles of choice or conflicts of law that would cause application of the
laws of any other jurisdiction.&nbsp;&nbsp;Any proceeding initiated pursuant to <U>Section 3.8</U> above shall incorporate the
substantive laws of the State of New York, except</P>

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


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

<P STYLE="font:  10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">as modified by the terms of <U>Section 3.8</U>.
Guarantor and Purchaser agree that any permissible action arising out of or relating to this Guaranty, including but not limited
to an action for injunctive or provisional relief or in connection with an arbitral award or proceeding, shall be brought exclusively
in a state or federal court of competent subject matter jurisdiction located in the State of New York, New York County (a &ldquo;<B>Court
of Competent Jurisdiction</B>&rdquo;), irrevocably submit to the personal jurisdiction of any such court, and waive any objection
to the venue of such court and any argument that such court is an inconvenient forum.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>No
Third Party Beneficiary</U></B>. This Guaranty is made for the sole benefit of Guarantor and Purchaser, and no other person shall
be deemed to have any privity of contract hereunder nor any right to rely hereon to any extent or for any purpose whatsoever,
nor shall any other person have any right of action of any kind hereon or be deemed to be a third party beneficiary hereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Interpretation;
Headings</U></B>. The terms &ldquo;herein,&rdquo; &ldquo;hereof,&rdquo; &ldquo;hereunder&rdquo; and any other similar terms used
herein shall be deemed to refer to this Guaranty in its entirety.&nbsp;&nbsp;The headings contained in this Guaranty are inserted
only for reference as a matter of convenience and in no way define, limit, or describe the scope or intent of this Guaranty, and
will not affect in any way the meaning or interpretation of this Guaranty.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Amendments;
Waiver</U></B>. No amendment or waiver of any provision of this Guaranty shall be valid and binding unless it is in writing and
signed, in the case of an amendment, by Guarantor and Purchaser, or in the case of a waiver, by the party against which the waiver
is to be effective.&nbsp;&nbsp;No failure to exercise or delay in exercising by Purchaser of any right, power or privilege hereunder
shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power or privilege preclude any other
or further exercise thereof, or the exercise of any other right or remedy provided by law.&nbsp;&nbsp;No consent or waiver, expressed
or implied, by Purchaser to or of any breach or default by Guarantor in the performance of its obligations hereunder shall be
deemed or construed to be a consent or waiver to or of any other breach or default in the performance of the same or any other
obligations of Guarantor hereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Severability</U></B>.
Any provision of this Guaranty which is unenforceable or invalid or contrary to law, or the inclusion of which would adversely
affect the validity, legality or enforcement of this Guaranty, shall be of no effect and, in such case, all the remaining terms
and provisions of this Guaranty shall subsist and be fully effective according to the tenor of this Guaranty the same as though
any such invalid portion had never been included herein.&nbsp;&nbsp;Notwithstanding any of the foregoing to the contrary, if any
provisions of this Guaranty or the application thereof are held invalid or unenforceable only as to particular situations, the
remainder of this Guaranty, and the application of such provision to situations other than those to which it shall have been held
invalid or unenforceable, shall not be affected thereby, but shall continue valid and enforceable to the fullest extent permitted
by law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Cumulative
Rights and Obligations</U></B>. All rights and remedies of Purchaser and all obligations of Guarantor under this Guaranty are
cumulative.&nbsp;&nbsp;In</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">addition, Purchaser shall have all
rights and remedies available to it in law or equity for the enforcement of this Guaranty.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.15&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>WAIVER
OF JURY TRIAL</U></B>. EACH PARTY HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES ANY RIGHTS THAT IT MAY HAVE TO A TRIAL
BY JURY IN ANY LITIGATION ARISING IN ANY WAY IN CONNECTION WITH THIS GUARANTY.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">[SIGNATURE ON NEXT PAGE]</P>

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


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM OF SELLER PARENT GUARANTY</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>, the Guarantor has
caused this Guaranty to be executed by its duly authorized representative as of the date first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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 COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>GUARANTOR</B>:</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase"><B>LVMH Mo&euml;t Hennessy Louis Vuitton SE</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 44%">&nbsp;</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Name:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Title:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM OF PROMISSORY NOTE</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>THE LIENS AND SECURITY INTERESTS GRANTED BY THE BORROWER TO THE
NOTEHOLDER UNDER THE SECURITY AGREEMENT (AS DEFINED BELOW) TO SECURE THE OBLIGATIONS AND THE INDEBTEDNESS EVIDENCED BY THIS NOTE
AND THE EXERCISE OF ANY RIGHTS, REMEDIES, DUTIES AND OBLIGATIONS PROVIDED FOR IN THIS NOTE AND IN THE SECURITY AGREEMENT ARE SUBJECT
TO THE PROVISIONS SET FORTH IN THAT CERTAIN [INTERCREDITOR AGREEMENT, DATED AS OF THE DATE HEREOF (THE &ldquo;INTERCREDITOR AGREEMENT&rdquo;),
AMONG THE NOTEHOLDER, [&nbsp;&nbsp;&nbsp;&nbsp;], [&nbsp;&nbsp;&nbsp;&nbsp;] AND THE BORROWER], AND EACH HOLDER OF THIS NOTE, BY
ITS ACCEPTANCE HEREOF, SHALL BE BOUND BY THE PROVISIONS OF SUCH INTERCREDITOR AGREEMENT AND IN THE EVENT OF ANY CONFLICT BETWEEN
THE TERMS OF THIS NOTE OR THE TERMS OF THE SECURITY AGREEMENT AND THE TERMS OF THE INTERCREDITOR AGREEMENT, THE TERMS OF THE INTERCREDITOR
AGREEMENT SHALL GOVERN.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>[FORM OF] JUNIOR LIEN SECURED PROMISSORY
NOTE</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></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%; font-size: 10pt"><FONT STYLE="font-size: 10pt">$75,000,000.00</FONT></TD>
    <TD STYLE="width: 50%; text-align: right; font-size: 10pt"><FONT STYLE="font-size: 10pt">[_________], 20[__]</FONT></TD></TR>
</TABLE>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">FOR VALUE RECEIVED, and
subject to the terms and conditions set forth herein, G-III Leather Fashions, Inc., a New York corporation, and G-III Apparel Group,
Ltd., a Delaware corporation (individually and collectively, and jointly and severally, the &ldquo;<B>Borrower</B>&rdquo;), hereby
unconditionally promise to pay to the order of LVMH Moet Hennessy Louis Vuitton Inc., a Delaware corporation, or its assigns (the
&ldquo;<B>Noteholder,</B>&rdquo; and together with the Borrower, the &ldquo;<B>Parties</B>&rdquo;), the principal amount of Seventy-Five
Million and No/100 Dollars ($75,000,000.00) (the &ldquo;<B>Loan</B>&rdquo;), together with all accrued interest thereon, as provided
in this Junior Lien Secured Promissory Note (this &ldquo;<B>Note</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I><U>Reference
to Purchase Agreement</U></I>.&nbsp;&nbsp;This Note is executed and delivered pursuant to that certain Stock Purchase Agreement,
dated as of July [__], 2016, by and among Borrower and the Noteholder (the &ldquo;<B>Purchase Agreement</B>&rdquo;).&nbsp;&nbsp;Capitalized
terms not otherwise defined herein shall have the meanings ascribed to them in the Purchase Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I><U>Repayment;
Prepayment</U></I>.&nbsp;&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
aggregate unpaid principal amount of the Loan, all accrued and unpaid interest and all other amounts payable under this Note shall
be due and payable on the earlier of (i) <B>[insert date that is 6.5 years after the date of the Note (i.e., 6 months after the
maturity of the term loan)]</B> and (ii) the date on which all amounts under this Note shall become due and payable pursuant to
<U>Section 7</U>.&nbsp;&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Borrower may prepay the Loan in whole or in part at any time or from time to time without penalty or premium by paying the principal
amount to be prepaid together</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">with accrued interest and all other amounts
due thereon to the date of prepayment.&nbsp;&nbsp;No prepaid amount may be reborrowed.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I><U>Interest</U></I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Interest
Rate</U>.&nbsp;&nbsp;Except as otherwise provided herein, the outstanding principal amount of the Loan made hereunder shall bear
interest at the simple interest rate equal to two percent (2%) per annum (the &ldquo;<B>Applicable Rate</B>&rdquo;) from the date
hereof until, but not including, the day that the Loan is paid in full, whether at maturity, upon acceleration, by prepayment or
otherwise.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Interest
Payment Dates</U>.&nbsp;&nbsp;The Borrower shall pay interest on the Loan quarterly in arrears to the Noteholder on the last Business
Day of each March, June, September and December commencing on the first such date to occur after the execution of this Note.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Default
Interest</U>.&nbsp;&nbsp;If any amount payable hereunder is not paid when due (without regard to any applicable grace periods),
whether at stated maturity, by acceleration or otherwise, such overdue amount shall bear interest at the Applicable Rate plus two
percent (2%) per annum (the &ldquo;<B>Default Rate</B>&rdquo;) from the date of such non-payment until such amount is paid in full.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Computation
of Interest</U>.&nbsp;&nbsp;All computations of interest shall be made on the basis of a year of 365 days (or 366 days, in the
event of a leap year) and the actual number of days elapsed.&nbsp;&nbsp;Interest shall accrue on the Loan from the original date
of issuance of this Note, and shall not accrue on the Loan for the day on which it is paid.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Interest
Rate Limitation</U>.&nbsp;&nbsp;If at any time and for any reason whatsoever, the interest rate payable on the Loan shall exceed
the maximum rate of interest permitted to be charged by the Noteholder to the Borrower under applicable law, that portion of each
sum paid attributable to that portion of such interest rate that exceeds the maximum rate of interest permitted by applicable law
shall be deemed a voluntary prepayment of principal.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I><U>Payment
Mechanics</U></I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Manner
of Payments</U>.&nbsp;&nbsp;All payments of interest and principal shall be made in lawful money of the United States of America
no later than 12:00 PM (Eastern time) on the date on which such payment is due by cashier&rsquo;s check, certified check or by
wire transfer of immediately available funds to the Noteholder&rsquo;s account at a bank specified by the Noteholder in writing
to the Borrower from time to time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Application
of Payments</U>.&nbsp;&nbsp;All payments made hereunder shall be applied first to the payment of any fees or charges outstanding
hereunder, second to accrued interest, and third to the payment of the principal amount outstanding under the Note.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Business
Day Convention</U>.&nbsp;&nbsp;Whenever any payment to be made hereunder shall be due on a day that is not a Business Day, such
payment shall be made on the next succeeding Business Day and such extension will be taken into account in calculating the amount
of interest payable under this Note.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Rescission
of Payments</U>.&nbsp;&nbsp;If at any time any payment made by the Borrower under this Note is rescinded or must otherwise be restored
or returned upon the insolvency, bankruptcy or reorganization of the Borrower or otherwise, the Borrower&rsquo;s obligation to
make such payment shall be reinstated as though such payment had not been made.&nbsp;&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I><U>Security
Agreement</U></I>.&nbsp;&nbsp;The Borrower&rsquo;s performance of its obligations hereunder is secured by a security interest in
the collateral specified in the Security Agreement, dated as of the date hereof (the &ldquo;<B>Security Agreement</B>&rdquo;),
by and among Borrower and the Noteholder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I><U>Events
of Default</U></I>.&nbsp;&nbsp;The occurrence and continuance of any of the following shall constitute an Event of Default hereunder:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">6.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Failure
to Pay</U>.&nbsp;&nbsp;The Borrower fails to pay (a) any principal amount of the Loan when due or (b) interest or any other amount
when due and such failure continues for five (5) Business Days after the due date thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">6.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Breach
of Representations and Warranties</U>.&nbsp;&nbsp;Any representation or warranty made or deemed made by the Borrower to the Noteholder
in the Security Agreement is incorrect in any material respect on the date as of which such representation or warranty was made
or deemed made.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">6.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Breach
of Covenants</U>.&nbsp;&nbsp;The Borrower fails to observe or perform in any material respect any covenant, obligation, condition
or agreement contained in this Note or the Security Agreement that is not qualified as to materiality, or fails to observe or perform
in any respect any other covenant, obligation, condition or agreement contained in this Note, the Purchase Agreement or the Security
Agreement that is qualified as to materiality, in each case, other than those specified in <U>Section 6.1</U> hereof and such failure
continues for thirty (30) days after written notice by the Noteholder to the Borrower.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">6.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Cross-Acceleration</U>.&nbsp;&nbsp;The
Borrower shall default under any mortgage, indenture or instrument under which there is issued or by which there is secured or
evidenced any Indebtedness for money borrowed by the Borrower or the payment of which is guaranteed by the Borrower (other than
Indebtedness owed to any subsidiary of the Borrower), whether such Indebtedness or guarantee now exists or is created after the
date hereof, if both:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">(a) such default either results from
the failure to pay any principal of such Indebtedness at its stated final maturity (after giving effect to any applicable grace
periods) or relates to an obligation other than the obligation to pay principal of any such Indebtedness at its stated final maturity
and results in the holder or holders of such Indebtedness causing such Indebtedness to become due prior to its stated final maturity;
and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">(b) the principal amount of such
Indebtedness, together with the principal amount of any other such Indebtedness in default for failure to pay principal at its
stated final maturity (after giving effect to any applicable grace periods), or the maturity of which has been so accelerated,
aggregates $[&nbsp;&nbsp;].0 million or more at any one time outstanding.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">6.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Bankruptcy</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I><U>Remedies</U></I>.&nbsp;&nbsp;Upon
the occurrence of any Event of Default and at any time thereafter during the continuance of such Event of Default, the Noteholder
may at its option, by written notice to the Borrower (a) declare the entire principal amount of this Note, together with all accrued
interest thereon and all other amounts payable hereunder, immediately due and payable; and/or (b) exercise any or all of its rights,
powers or remedies under the Security Agreement or applicable law, subject to any applicable limitations set forth in the Intercreditor
Agreement; <I>provided, however,</I> that, if an Event of Default described in <U>Section 6.5</U> shall occur, the principal of
and accrued interest on the Loan shall become immediately due and payable without any notice, declaration or other act on the part
of the Noteholder.&nbsp;&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I><U>Indemnification</U></I>.&nbsp;&nbsp;The
Borrower shall and hereby does indemnify the Noteholder against any and all losses and expenses (including attorneys&rsquo; reasonable
fees and costs), and shall pay to the Holder on demand the amount of all such losses and expenses, that the Noteholder sustains
or incurs, whether directly or indirectly, as a consequence of the occurrence of any event or condition that entitles or would,
with the passage of time, giving of notice, or both, entitle the Noteholder to accelerate the indebtedness of the Borrower due
under this Note.&nbsp;&nbsp;Any loss or expense due and owing to the Noteholder pursuant to the terms and provisions of this <U>Section
8</U> shall bear interest at the Default Rate from and after the date that is ten (10) Business Days after demand is made to the
indemnifying party for payment of such loss or expense and continuing through the date on which all such losses, expenses and interest
are paid in full.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I><U>Miscellaneous</U></I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">9.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Successors
and Assigns</U>.&nbsp;&nbsp;This Note may be assigned or transferred by the Noteholder to any direct or indirect wholly-owned subsidiary
of LVMH Moet Hennessy Louis Vuitton SE without the prior written consent of the Noteholder and to any other Person only after receipt
of the prior consent of the Noteholder.&nbsp;&nbsp;The Borrower may not assign or transfer this Note or any of its rights hereunder
without the prior written consent of the Noteholder.&nbsp;&nbsp;This Note shall inure to the benefit of, and be binding upon, the
Parties and their permitted assigns.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">9.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Legal
Tender of United States</U>.&nbsp;&nbsp;All payments hereunder shall be made in coin or currency which at the time of payment is
legal tender in the United States of America for public and private debts.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">9.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Time
of Essence</U>.&nbsp;&nbsp;Time is of the essence of this Note.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">9.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices</U><I>.&nbsp;&nbsp;</I>All
notices, requests, demands, claims and other communications required or permitted hereunder shall be in writing and shall be sent
by nationally recognized overnight courier.&nbsp;&nbsp;Any notice, request, demand, claim or other communication required or permitted
hereunder will be deemed duly delivered one (1) Business Day (or five (5) Business Days of being sent internationally) after being
sent by nationally recognized commercial overnight courier service, with confirmation of receipt, to the Borrower or the Noteholder
at the following addresses (or at such other addresses for the Borrower or the Noteholder as shall be specified upon like notice):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if
to the Noteholder:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">LVMH Moet Hennessy Louis Vuitton Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">19 East 57th Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">New York, New York 10022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Attention:&nbsp;&nbsp;Anish Melwani</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">with a copy to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">LVMH Mo&euml;t Hennessy Louis Vuitton SE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">22, avenue Montaigne</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">75008&nbsp;&nbsp;Paris</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">France</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Attention: M. Bernard Kuhn</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">and a copy to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">LVMH Moet Hennessy Louis Vuitton Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">19 East 57<SUP>th</SUP> Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">New York, New York 10022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Attention:&nbsp;&nbsp;Louise Firestone, Esq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Barack Ferrazzano Kirschbaum &amp; Nagelberg LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">200 W. Madison Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Suite 3900</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Chicago, Illinois&nbsp;&nbsp;60606</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if
to the Borrower:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">G-III Apparel Group, Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">512 Seventh Avenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">New York, New York&nbsp;&nbsp;10018</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Attention:&nbsp;&nbsp;Wayne S. Miller</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">with a copy to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Norton Rose Fulbright US LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">1301 Avenue of the Americas</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">New York, New York&nbsp;&nbsp;10019</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Attention:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neil Gold, Esq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2.25in">Manuel G. Rivera, Esq.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Notwithstanding the foregoing, any Party may
send any notice, request, demand, claim, or other communication required or permitted hereunder to the intended recipient at the
address set forth above using any other means (including personal delivery, messenger service, facsimile transmission, ordinary
mail or electronic mail); <I>provided, however</I>, that no such notice, request,</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">demand, claim, or other communication will
be deemed to have been duly given unless and until it actually is received by the intended recipient.&nbsp;&nbsp;Any Party may
change the address to which notices, requests, demands, claims, and other communications required or permitted hereunder are to
be delivered by giving the other Parties notice in the manner herein set forth.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">9.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Expenses</U>.&nbsp;&nbsp;The
Borrower shall reimburse the Noteholder on demand after receipt of a reasonably detailed invoice from the Noteholder for all reasonable
and documented out-of-pocket costs, expenses and fees (including reasonable expenses and fees of one firm of legal counsel) incurred
by the Noteholder in connection with the enforcement of the Noteholder&rsquo;s rights under this Note and the Security Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">9.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Confidential
Arbitration</U>.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
claims or disputes arising out of, relating to, or in connection with this Note will be finally settled by arbitration under the
Rules of Arbitration of the International Chamber of Commerce in force at the date of the request for arbitration (the &ldquo;<B>ICC
Rules</B>&rdquo;), including the rules thereof pertaining to the production of documents and other information, except as they
may be modified herein (including in <U>Section&nbsp;9.6(a)</U> below) or by mutual agreement of the Parties.&nbsp;&nbsp;The seat
of the arbitration will be New York, New York, and it will be conducted in the English language.&nbsp;&nbsp;To the extent feasible,
multiple claims shall be consolidated in a single proceeding.&nbsp;&nbsp;It is the intention of the Parties that all proceedings
initiated pursuant to this <U>Section 9.6</U> be conducted as expeditiously as reasonably possible.&nbsp;&nbsp;Each Party understands
that by making or accepting this Note, it is waiving any right it may have to file a lawsuit or other civil action or proceeding
relating to this Note, and that it is waiving any right that it may have to resolve disputes through trial by jury.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
Party seeking arbitration (the &ldquo;<B>Claimant</B>&rdquo;) will nominate an arbitrator in the request for arbitration and statement
of claim (the &ldquo;<B>Request for Arbitration</B>&rdquo;), subject to confirmation by the International Court of Arbitration
of the International Chamber of Commerce (the &ldquo;<B>ICC Court</B>&rdquo;) or Secretary General of the International Chamber
of Commerce (the &ldquo;<B>Secretary General</B>&rdquo;), as provided in the ICC Rules.&nbsp;&nbsp;After filing the Request for
Arbitration is complete pursuant to the ICC Rules, the Claimant will serve the Request for Arbitration upon the other Party.&nbsp;&nbsp;Within
ten (10) Business Days of receipt of the filed Request for Arbitration, the Party against whom the claim is made (the &ldquo;<B>Respondent</B>&rdquo;)
will file and serve the Answer to the Request for Arbitration and notify the Claimant and the ICC Court of an arbitrator that it
nominates, subject to confirmation as provided in the ICC Rules.&nbsp;&nbsp;Upon confirmation by the ICC Court or the Secretary
General of the two arbitrators nominated by the Parties, such two arbitrators will select a third arbitrator, who, once confirmed,
shall serve as chairman of the arbitral panel; the nomination of the third arbitrator shall be made within ten (10) Business Days
of the confirmation of the arbitrators nominated by the Parties.&nbsp;&nbsp;If the arbitrators nominated by the Claimant and the
Respondent cannot agree on a third arbitrator within such time period, then the ICC Court will appoint the third arbitrator, who
shall serve as chairman of the arbitral panel.&nbsp;&nbsp;By whomever appointed, the three arbitrators will act as the sole arbitrators
in the arbitral proceeding.&nbsp;&nbsp;The Parties specifically agree that, as to any proceeding initiated pursuant to this <U>Section
9.6</U>: (i) the arbitrators will be empowered to award and order equitable or injunctive relief with respect to matters brought
before them; (ii) any taking of evidence that may be required shall be handled expeditiously, and all disputes</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">regarding the taking of evidence shall be resolved
by the arbitrators within ten (10) Business Days, or as soon thereafter as practicable.&nbsp;&nbsp;It is the intent of the Parties
that barring extraordinary circumstances or unavailability of members of the arbitral panel, (i) a hearing on the merits of all
claims for which arbitration is sought by either Party shall be commenced not later than ninety (90) days from the date the ICC
arbitration panel conducts the initial case management conference, following issuance of the arbitral panel&rsquo;s &ldquo;Terms
of Reference,&rdquo; in accordance with the ICC Rules, and (ii) the arbitral panel will submit a written draft award to the ICC
Court for its review, which shall reveal the essential findings and conclusions on which the award is based, within thirty (30)
days after the conclusion of such hearing.&nbsp;&nbsp;Failure to adhere to these time limits shall not be a basis for challenging
the award or challenging the arbitral tribunal&rsquo;s jurisdiction.&nbsp;&nbsp;With respect to any arbitration proceeding arising
under this Note, the Parties further agree that with respect to any discovery in such proceeding: (i) the arbitrators will not
be empowered to provide for any requests for documents beyond one (1) set of requests by each Party for the production of documents
by the other Party, which requests shall be submitted within five (5) Business Days of Respondent&rsquo;s submission of its Answer
to the Request for Arbitration; and (ii) each Party will be limited to one deposition, with the Noteholder entitled to take a single
deposition of one (1) corporate representative of the Borrower and the Borrower entitled to take a single deposition of one (1)
corporate representative of the Noteholder, such corporate representative depositions to be consistent with Federal Rule of Civil
Procedure 30(b)(6).&nbsp;&nbsp;The award will be final and binding and non-appealable, and judgment thereon may be entered by any
Court of Competent Jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Parties agree that each of them shall bear all of their own fees, costs and expenses in connection with any arbitral proceeding
initiated pursuant to this <U>Section 9.6</U>, including but not limited to attorneys&rsquo; fees.&nbsp;&nbsp;The cost of the three
arbitrators shall be shared equally by the Claimant and the Respondent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arbitration
pursuant to this <U>Section 9.6</U> shall be the exclusive method available for resolution of claims, disputes and controversies
described in this <U>Section&nbsp;9.6</U>, and the Parties stipulate that the provisions hereof shall be a complete defense to
any suit, action, or proceeding in any court or before any administrative or arbitration tribunal with respect to any such claim,
controversy or dispute.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
the terms of this <U>Section 9.6</U>, each Party acknowledges and agrees that the other Parties may be damaged irreparably if this
Note is not performed in accordance with its terms or otherwise is breached, and that, at any time before and after a demand notice
is presented, the Parties shall be free to apply to any Court of Competent Jurisdiction for interim or conservatory measures (including
temporary conservatory injunctions), in each case to prevent breaches of this Note, and to enforce specifically this Note and its
terms.&nbsp;&nbsp;The Parties acknowledge and agree that any such action by a Party shall not be deemed to be a breach of such
Party&rsquo;s obligation to arbitrate all disputes under this <U>Section 9.6</U><B> </B>or infringe upon the powers of any arbitral
panel.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Parties shall keep confidential, and not disclose the fact that there is a dispute between the Parties, the details of the dispute,
the fact of the arbitration and all details relating to the proceeding, except as required by Legal Requirement and consistent
with the Parties&rsquo; right to limited judicial review of the arbitrator&rsquo;s award.&nbsp;&nbsp;All statements,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">documents, claims, demands, transcripts, evidence,
discovery materials or communications, whether oral, written, electronic or in any other form, that are submitted or prepared by
any Party in connection with an arbitration proceeding initiated pursuant to this <U>Section 9.6</U> shall be Confidential Information
for the purposes of the Purchase Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Governing
Law; Court of Competent Jurisdiction</U><FONT STYLE="font-family: Times New Roman, Times, Serif">.&nbsp;&nbsp;This Note shall be
governed by and construed in accordance with the laws of the State of New York.&nbsp;&nbsp;Any proceeding initiated pursuant to
<U>Section 9.6</U> above shall incorporate the substantive laws of the State of New York, except as modified by the terms of <U>Section
9.6</U>.&nbsp;&nbsp;The Parties agree that any permissible action arising out of or relating to this Note, including but not limited
to an action for injunctive or provisional relief or in connection with an arbitral award or proceeding, shall be brought exclusively
in a state or federal court of competent subject matter jurisdiction located in the State of New York, New York County (a &ldquo;<B>Court
of Competent Jurisdiction</B>&rdquo;), irrevocably submit to the personal jurisdiction of any such court, and waive any objection
to the venue of such court and any argument that such court is an inconvenient forum.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">9.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Third Party Beneficiary</U>.&nbsp;&nbsp;This Note is made for the sole benefit of the Parties, and no other Person shall be deemed
to have any privity of contract hereunder nor any right to rely hereon to any extent or for any purpose whatsoever, nor shall any
other Person have any right of action of any kind hereon or be deemed to be a third party beneficiary hereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">9.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Interpretation</U>.&nbsp;&nbsp;For
purposes of this Note (a) the words &ldquo;include,&rdquo; &ldquo;includes&rdquo; and &ldquo;including&rdquo; shall be deemed to
be followed by the words &ldquo;without limitation&rdquo;; (b) the word &ldquo;or&rdquo; is not exclusive; and (c) the words &ldquo;herein,&rdquo;
&ldquo;hereof,&rdquo; &ldquo;hereby,&rdquo; &ldquo;hereto&rdquo; and &ldquo;hereunder&rdquo; refer to this Note as a whole.&nbsp;&nbsp;The
definitions given for any defined terms in this Note shall apply equally to both the singular and plural forms of the terms defined.&nbsp;&nbsp;Whenever
the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms.&nbsp;&nbsp;Unless the
context otherwise requires, references herein: (x) to Sections mean the Sections of this Note; (y) to an agreement, instrument
or other document means such agreement, instrument or other document as amended, supplemented and modified from time to time to
the extent permitted by the provisions thereof; and (z) to a statute means such statute as amended from time to time and includes
any successor legislation thereto and any regulations promulgated thereunder.&nbsp;&nbsp;This Note shall be construed without regard
to any presumption or rule requiring construction or interpretation against the party drafting an instrument or causing any instrument
to be drafted.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">9.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Headings</U>.&nbsp;&nbsp;The
headings of the various Sections and subsections herein are for reference only and shall not define, modify, expand or limit any
of the terms or provisions hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">9.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Waiver
of Notice</U>.&nbsp;&nbsp;The Borrower hereby waives demand for payment, presentment for payment, protest, notice of payment, notice
of dishonor, notice of nonpayment, notice of acceleration of maturity and diligence in taking any action to collect sums owing
hereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">9.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendments
and Waivers</U>.&nbsp;&nbsp;No term of this Note may be waived, modified or amended except by an instrument in writing signed by
the Parties.&nbsp;&nbsp;Any waiver of</P>

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


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0">the terms hereof shall be
effective only in the specific instance and for the specific purpose given.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">9.13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Waiver; Cumulative Remedies</U>.&nbsp;&nbsp;No failure to exercise and no delay in exercising on the part of the Noteholder, of
any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of
any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right,
remedy, power or privilege.&nbsp;&nbsp;The rights, remedies, powers and privileges herein provided are cumulative and not exclusive
of any rights, remedies, powers and privileges provided by law or under the Security Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">9.14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Severability</U>.&nbsp;&nbsp;If
any term or provision of this Note or the Security Agreement is invalid, illegal or unenforceable in any jurisdiction, such invalidity,
illegality or unenforceability shall not affect any other term or provision of this Note or the Security Agreement or invalidate
or render unenforceable such term or provision in any other jurisdiction.&nbsp;&nbsp;Upon such determination that any term or other
provision is invalid, illegal or unenforceable, the Parties hereto shall negotiate in good faith to modify this Note so as to effect
the original intent of the Parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated
hereby be consummated as originally contemplated to the greatest extent possible.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">[SIGNATURE PAGE FOLLOWS]</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF, the
Borrower has executed this Note as of the date first written above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></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 COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>G-III LEATHER FASHIONS, INC.</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 6%; text-decoration: none">&nbsp;</TD>
    <TD STYLE="width: 44%">&nbsp;</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif">By: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif">Name: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif">Title: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-decoration: none">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase"><B>G-III APPAREL GROUP, LTD.</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-decoration: none">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif">By: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif">Name: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif">Title: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">THIS NOTE AND THE INDEBTEDNESS EVIDENCED HEREBY
ARE SUBORDINATE IN THE MANNER AND TO THE EXTENT SET FORTH IN THAT CERTAIN [<B>DESCRIBE INTERCREDITOR AGREEMENT</B>], AND EACH
HOLDER OF THIS NOTE, BY ITS ACCEPTANCE HEREOF, SHALL BE BOUND BY THE PROVISIONS OF SUCH [<B>INTERCREDITOR AGREEMENT</B>].</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Schedule 1<BR>
Intercreditor Terms</B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left">1.</TD><TD STYLE="text-align: left">Liens and other security interests securing obligations
and under indebtedness evidenced by the Note shall be expressly subject to and subordinate to the liens and other security interests
securing the obligations under the ABL Facility Documents and the Term Facility Documents (each as defined in the Debt Commitment
Letter) and related guarantees and obligations, including obligations under secured hedging and cash management arrangements (the
foregoing, collectively, the &ldquo;<B>First Lien Facilities</B>&rdquo;).</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 22.5pt; text-indent: -0.25in; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0; text-align: left"></TD><TD STYLE="width: 0.25in; text-align: left">2.</TD><TD STYLE="text-align: left">No Other Liens &ndash; No liens on assets securing the
Note if same assets are not subject to liens in favor of the First Lien Facilities.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 22.5pt; text-indent: -0.25in; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0; text-align: left"></TD><TD STYLE="width: 0.25in; text-align: left">3.</TD><TD STYLE="text-align: left">Permanent standstill on &ldquo;Enforcement Actions&rdquo;
(to be defined in customary manner, but to exclude acceleration of the debt itself and collection thereof).</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 22.5pt; text-indent: -0.25in; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0; text-align: left"></TD><TD STYLE="width: 0.25in; text-align: left">4.</TD><TD STYLE="text-align: left">Turnover &ndash; any payments received from collateral
or otherwise in violation of the Intercreditor Agreement shall be turned over to the agents for the First Lien Facilities.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 22.5pt; text-indent: -0.25in; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0; text-align: left"></TD><TD STYLE="width: 0.25in; text-align: left">5.</TD><TD STYLE="text-align: left">Bankruptcy items:</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; text-align: left"></TD><TD STYLE="width: 0.25in; text-align: left">a)</TD><TD STYLE="text-align: left">Noteholder irrevocably consents to any DIP Financing (including priming liens) (without any cap);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; text-align: left"></TD><TD STYLE="width: 0.25in; text-align: left">b)</TD><TD STYLE="text-align: left">Noteholder will not object to First Lien Facilities requests for use of cash collateral or adequate protection, including post-petition
interest, fees or expenses;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; text-align: left"></TD><TD STYLE="width: 0.25in; text-align: left">c)</TD><TD STYLE="text-align: left">Noteholders will not object to 363 sale that the First Lien Facilities support; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; text-align: left"></TD><TD STYLE="width: 0.25in; text-align: left">d)</TD><TD STYLE="text-align: left">Noteholder will not request or accept adequate protection or any other relief in connection with DIP Financing (subject to
customary exceptions for adequate protection liens junior to those provided to the First Lien Facilities).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 22.5pt; text-indent: -0.25in; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0; text-align: left"></TD><TD STYLE="width: 0.25in; text-align: left">6.</TD><TD STYLE="text-align: left">Collateral management:&nbsp;&nbsp;Noteholder will be deemed
to have consented to release of liens and guarantees where both First Lien Facilities have authorized the release of such liens/guarantees
or pursuant to 363 sale.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 22.5pt; text-indent: -0.25in; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0; text-align: left"></TD><TD STYLE="width: 0.25in; text-align: left">7.</TD><TD STYLE="text-align: left">Terms of the Note (not including payment provisions) can
be no more restrictive than those in the First Lien Facilities (and shall have only cross acceleration and not cross default rights).</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 22.5pt; text-indent: -0.25in; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0; text-align: left"></TD><TD STYLE="width: 0.25in; text-align: left">8.</TD><TD STYLE="text-align: left">Intercreditor Agreement will not allow Noteholder to exercise
rights otherwise available to an unsecured creditor if those rights conflict with the intent of the Intercreditor Agreement.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 22.5pt; text-indent: -0.25in; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0; text-align: left"></TD><TD STYLE="width: 0.25in; text-align: left">9.</TD><TD STYLE="text-align: left">No right of holders of the Note to consent to changes or
amendments to the terms and conditions of the First Lien Facilities, unless such changes expressly conflict with its rights under
the Intercreditor Agreement.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 22.5pt; text-indent: -0.25in; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0; text-align: left"></TD><TD STYLE="width: 0.25in; text-align: left">10.</TD><TD STYLE="text-align: left">Intercreditor Agreement will not restrict ability to secure
additional indebtedness or obligations on a basis that is senior to the obligations under the Note, whether or not equal or junior
in priority to the First Lien Facilities, equal in priority with the obligations under the Note or junior to the obligations under
the Note.</TD>
</TR></TABLE>

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


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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt"><B><U>ASSIGNMENT
AND ASSUMPTION AGREEMENT AND RELEASE</U></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This Assignment and Assumption Agreement and
Release (this &ldquo;<B>Agreement</B>&rdquo;) is entered into as of the [___] day of July, 2016 (the &ldquo;<B>Effective Date</B>&rdquo;)
by and between <B>THE DONNA KARAN COMPANY STORE, LLC</B>, having an address at _____________ (&ldquo;<B>Assignor</B>&rdquo;) and
_____________, having an address at _____________ (&ldquo;<B>Assignee</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>WHEREAS</B>, Plaza Madison Associates, as
landlord (&ldquo;<B>Landlord</B>&rdquo;), and Assignor, as tenant, are parties to that certain Agreement of Lease, dated as of
January 9, 1998, as modified by that certain (i) Lease Modification Agreement, dated as of August 25, 1998, (ii) Second Lease Modification
Agreement, dated as of August 26, 1999, (iii) Third Lease Modification Agreement, dated as of February 12, 2001, (iv) letter agreement,
dated January 17, 2002 and (v) Fourth Lease Modification and Extension Agreement, dated as of January 1, 2012 (as the same may
be further amended, modified or supplemented, collectively, the &ldquo;<B>Lease</B>&rdquo;) pursuant to which Assignor leases portions
of the basement, ground and second floors (as more particularly described in the Lease, collectively, the &ldquo;<B>Premises</B>&rdquo;)
in the building known as 655 Madison Avenue, New York, NY.&nbsp;&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>WHEREAS</B>, Assignor desires to assign
(the &ldquo;<B>Assignment</B>&rdquo;) the tenant&rsquo;s interest in the Lease and all of its rights and obligations, duties, undertakings,
terms, conditions and liabilities thereunder, whether incurred prior to, on or after the Effective Date, to Assignee and Assignee
desires to accept such assignment and assume Assignor&rsquo;s rights and obligations, duties, undertakings, terms, conditions and
liabilities under the Lease on the terms and conditions set forth below; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>WHEREAS</B>, Assignor desires to be released
and discharged by Assignee from all obligations, duties, undertakings, terms, conditions and liabilities arising under, out of
or relating to the Lease, the leasehold estate and the Premises; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>WHEREAS</B>, Assignee<B> </B>agrees to release
and discharge Assignor from all obligations, duties, undertakings, terms, conditions and liabilities arising under, out of or relating
to the Lease, the leasehold estate and the Premises.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>NOW, THEREFORE</B>, in consideration of
the mutual covenants and agreements set forth herein, and in consideration of other good and valuable consideration, the receipt
and sufficiency of which are hereby mutually acknowledged, Assignor and Assignee hereby agree as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Assignment
and Assumption of the Lease and the Leasehold Estate</U></B>.&nbsp;&nbsp;Effective as of the Effective Date, Assignor does hereby
sell, assign and transfer to Assignee all right, title and interest of Assignor in and to the Lease and the term and estate granted
by the Lease, together with Assignor&rsquo;s interest in any security deposit under the Lease, and Assignee does hereby accept
the foregoing assignment, and assumes, covenants and agrees to perform, be bound by and observe all obligations, duties, undertakings,
terms, conditions and liabilities of the Assignor under the Lease, whether incurred prior to, on or after the Effective Date.&nbsp;&nbsp;</FONT></P>

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


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Indemnification
of Assignor</U></B>.&nbsp;&nbsp;Notwithstanding anything contained herein to the contrary, Assignee shall indemnify, defend and hold
harmless Assignor (which, for purposes of this Section, includes the principals, partners, members, affiliates, directors, officers,
licensees, employees, stockholders, agents and contractors of Assignor, as applicable), with counsel reasonably acceptable to
Assignor, from and against any and all claims, liabilities, losses, damages, liens, suits, costs, expenses and charges relating
to any event which occurs prior to, on or after the Effective Date, including, without limitation, reasonable attorneys&rsquo;
fees and expenses imposed or incurred by Assignor, arising out of or relating to: (i) any breach or default under this Agreement
or under the Lease or with respect to the tenant&rsquo;s obligations, duties or liabilities under the Lease; (ii) any work performed
by Assignee or Assignor and/or any of their respective agents, contractors, employees, visitors, invitees, licensees or subtenants
or assigns (collectively, &ldquo;<B>Assignee Parties</B>&rdquo;) in, on or about the Premises; (iii) any act, omission, negligence
or willful misconduct on the part of Assignee or Assignor and/or Assignee Parties in connection with the Premises, leasehold estate
or the Lease, (iv) any accident, personal injury or property damage suffered by any person and occurring upon or about the leasehold
estate or suffered by Assignee or any one of the Assignee Parties, and any costs incurred in connection with enforcing this indemnity,
whether incurred in connection with a third party claim or in connection with a claim made by Assignor to enforce its rights under
this paragraph and (v) any failure by Landlord to consent to the Assignment or otherwise fully release Assignor from any and all
liabilities and obligations under, arising out of or relating to the Lease, the leasehold estate and/or the Premises.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U><B>&ldquo;As-Is&rdquo;
Condition</B></U>.&nbsp;&nbsp;Assignee acknowledges and agrees that it will accept the Premises and the leasehold estate on the Effective
Date in their &ldquo;AS-IS&rdquo; condition.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Assignee
Release</U></B>.&nbsp;&nbsp;The Assignee hereby releases and discharges the Assignor, as of the date of this Agreement, of and from
all claims, demands, actions and causes of action of every kind and nature whatsoever arising out of the Lease, the leasehold
estate and/or the Premises, including but not limited to, a release and discharge of Assignor with respect to any obligation,
duty, undertaking, term, condition or liability accrued or incurred under the Lease up and to and including, and outstanding and
unsatisfied on, the date of this Agreement.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Broker</U></B>.&nbsp;&nbsp;Each
of Assignee and Assignor warrants and represents to each other than it has not dealt with any brokers in connection with this
Agreement.&nbsp;&nbsp;Each of Assignee and Assignor hereby indemnifies, defends and holds the other harmless from any and all
loss, damage, claim, liability, cost or expense (including, but not limited to, reasonable attorneys&rsquo; fees, expenses and
court costs, including any costs associated with the enforcement of this warranty and representation) arising out of or in connection
with any breach of the warranty and representation contained in this Section by the other.&nbsp;&nbsp;The provisions of this Section
shall survive the expiration or earlier termination of this Agreement.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Miscellaneous</U>.&nbsp;&nbsp;</FONT></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Agreement shall inure to the benefit of, and shall be binding upon, Assignor and Assignee and their respective successors and
assigns.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Agreement may be executed in multiple counterparts, and all </P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">so executed shall constitute one agreement
binding on both parties hereto notwithstanding that both parties may not have signed the original or the same counterpart.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the event that either party hereto shall commence litigation against the other in connection herewith, the losing party in such
action shall reimburse the reasonable attorneys&rsquo; fees and disbursements of the prevailing party in such action.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">d.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Agreement shall be governed by, and construed in accordance with, the law of the State of New York. Assignor and Assignee each
hereby irrevocably waives any objection that it may now or hereafter have to the laying of venue of any suit, action or proceeding
arising out of this Agreement or the transactions contemplated hereby brought in any federal or state court sitting in the State
of New York and hereby further irrevocably waives any claim that any such suit, action or proceeding brought in any such court
has been brought in an inconvenient forum.&nbsp;&nbsp;Assignor and Assignee further hereby expressly submits to the jurisdiction
of all federal and state courts sitting in the State of New York.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">e.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Agreement sets forth the entire agreement between Assignor and Assignee relating to the transactions contemplated hereby and all
other prior or contemporaneous agreements, understandings, representations or statements, oral or written, relating directly or
indirectly to the Lease, the Premises or any aspect or component thereof are superseded hereby. </P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">f.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
any provision in this Agreement is found by a court of competent jurisdiction to be in violation of any applicable law, and if
such court should declare such provision of this Agreement to be unlawful, void, illegal or unenforceable in any respect, the remainder
of this Agreement shall be construed as if such unlawful, void, illegal or unenforceable provision were not contained herein, and
the rights, obligations and interests of the parties hereto under the remainder of this Agreement shall continue in full force
and effect undisturbed and unmodified in any way.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">g.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Agreement and the terms hereof may not be changed, waived, modified, supplemented, canceled, discharged or terminated orally, but
only by an instrument or instruments in writing executed and delivered by the parties hereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">h.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the extent permitted by applicable law, each party hereby waives, irrevocably and unconditionally, trial by jury in any action
brought on, under or by virtue of or relating in any way to this Agreement or any of the documents executed in connection herewith,
the property, or any claims, defenses, rights of set-off or other actions pertaining hereto or to any of the foregoing.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>,
Assignor and Assignee have executed this Agreement as of the date first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&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="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif">ASSIGNOR:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>THE DONNA KARAN COMPANY STORE, LLC</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 46%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Name:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Title:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif">ASSIGNEE:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Name:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Title:</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM OF REGISTRATION RIGHTS AGREEMENT</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This REGISTRATION RIGHTS
AGREEMENT (this &ldquo;<B>Agreement</B>&rdquo;), made and entered into as of this [___] day of [_________], 20[__], by and between
G-III Apparel Group, Ltd., a Delaware corporation (the &ldquo;<B>Company</B>&rdquo;), and LVMH Moet Hennessy Louis Vuitton Inc.,
a Delaware corporation (the &ldquo;<B>Investor</B>&rdquo;).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the Company
and the Investor are parties to that certain Stock Purchase Agreement, dated as of July [__], 2016 (the &ldquo;<B>Stock Purchase
Agreement</B>&rdquo;), pursuant to which the Investor will receive on the date hereof [_________] shares of the Company&rsquo;s
Common Stock (the &ldquo;<B>Shares</B>&rdquo;), as a portion of the consideration for the sale of the Investor&rsquo;s shares of
capital stock in Donna Karan International Inc., a Delaware corporation; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, in connection
with the Stock Purchase Agreement and the issuance of the Shares to the Investor, the parties desire to enter into this Agreement
in order to establish certain rights and restrictions relating to the registration of the Shares;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE</B>,
in consideration of the mutual covenants and agreements herein contained and for other good and valid consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties agree as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I><U>Definitions</U></I>.
The following terms shall have the following meanings:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Affiliate</B>&rdquo;
has the meaning set forth in the Stock Purchase Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Agreement</B>&rdquo;
has the meaning set forth in the Preamble.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Beneficially
Own</B>&rdquo; shall refer to the concept of &ldquo;beneficial ownership&rdquo; in Rule 13d-3 promulgated under the Exchange Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Business Day</B>&rdquo;
means a day (i) other than Saturday or Sunday and (ii) on which commercial banks are open for business in the State of New York.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Claimant</B>&rdquo;
has the meaning set forth in <U>Section 4.9(b)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Common Stock</B>&rdquo;
means the Common Stock of the Company, par value $0.01 per share.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Company</B>&rdquo;
has the meaning set forth in the Preamble.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Company Indemnitees</B>&rdquo;
has the meaning set forth in <U>Section&nbsp;2.4(b)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Court of Competent
Jurisdiction</B>&rdquo; has the meaning set forth in <U>Section 4.10</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Exchange Act</B>&rdquo;
means the Securities Exchange Act of 1934, as amended, and any successor federal statute, and the rules and regulations thereunder,
all as the same shall be in effect from time to time.</P>

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


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>FINRA</B>&rdquo;
means the Financial Industry Regulatory Authority.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Governmental
Authority</B>&rdquo; has the meaning set forth in the Stock Purchase Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Holders</B>&rdquo;
means the Investor and any other Person to whom Shares and rights, interests or obligations hereunder have been Transferred to
as permitted by <U>Section&nbsp;4.5</U> below.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Holder Indemnitees</B>&rdquo;
has the meaning set forth in <U>Section&nbsp;2.4(a)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>ICC Court</B>&rdquo;
has the meaning set forth in <U>Section 4.9(b)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>ICC Rules</B>&rdquo;
has the meaning set forth in <U>Section 4.9(a)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Indemnified Party</B>&rdquo;
has the meaning set forth in <U>Section&nbsp;2.4(c)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Indemnifying
Party</B>&rdquo; has the meaning set forth in <U>Section&nbsp;2.4(c)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Investor</B>&rdquo;
has the meaning set forth in the Preamble.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Legal Counsel</B>&rdquo;
shall have the meaning set forth in <U>Section&nbsp;2.3(c)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Losses</B>&rdquo;
shall have the meaning set forth in <U>Section&nbsp;2.4(a)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Other Securities</B>&rdquo;
means the Common Stock or other securities of the Company which the Company is registering pursuant to a Registration Statement
covered by <U>Section 2</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Person</B>&rdquo;
has the meaning set forth in the Stock Purchase Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Piggyback Notice</B>&rdquo;
has the meaning set forth in <U>Section&nbsp;2.1(a)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Piggyback Registration</B>&rdquo;
has the meaning set forth in <U>Section&nbsp;2.1(a)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Proceeding</B>&rdquo;
has the meaning set forth in the Stock Purchase Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Prospectus</B>&rdquo;
means the prospectus included in any Registration Statement, as amended or supplemented by any prospectus supplement and by all
other amendments thereto, including post-effective amendments, and all material incorporated by reference into such prospectus.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Registrable Securities</B>&rdquo;
means the Shares, as well as any shares of Common Stock or other securities issued as (or issuable upon the conversion or exercise
of any warrant, right or other security which is issued as) a dividend or other distribution with respect to, or in exchange generally
for, or in replacement generally of, such Shares or other Registrable Securities, and any securities issued in exchange for such
Shares or other Registrable Securities in any merger, reorganization, consolidation, share exchange, recapitalization, restructuring
or other comparable transaction of the Company. As to any particular Registrable Securities, once issued such securities shall
cease to be Registrable Securities upon the earliest to occur of (i) two years from the date hereof, (ii) when such securities
have been sold, exchanged or otherwise disposed of by a Holder (other than in accordance with <U>Section&nbsp;4.5</U>), and (iii)
when such securities shall have ceased to be outstanding.</P>

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


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    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Registration
Expenses</B>&rdquo; has the meaning set forth in <U>Section&nbsp;2.2(a)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Registration
Statement</B>&rdquo; means any registration statement of the Company under the Securities Act which permits the public offering
of any of the Registrable Securities pursuant to the provisions of this Agreement, including the Prospectus, amendments and supplements
to such registration statement, including post-effective amendments, all exhibits and all material incorporated by reference or
deemed to be incorporated by reference in such registration statement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Request for Arbitration</B>&rdquo;
has the meaning set forth in <U>Section 4.9(b)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Respondent</B>&rdquo;
has the meaning set forth in <U>Section 4.9(b)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Rule 144</B>&rdquo;
means Rule 144 promulgated under the Securities Act, as such rule may be amended from time to time, or any other similar rule or
regulation of the SEC that may at any time permit the Holders to sell Registrable Securities to the public without registration.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>SEC</B>&rdquo;
means the U.S. Securities and Exchange Commission.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Secretary General</B>&rdquo;
has the meaning set forth in <U>Section 4.9(b)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Securities Act</B>&rdquo;
means the Securities Act of 1933, as amended, and any successor federal statute, and the rules and regulations thereunder, all
as the same shall be in effect from time to time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Shares</B>&rdquo;
has the meaning set forth in the Recitals.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Stock Purchase
Agreement</B>&rdquo; has the meaning set forth in the Recitals.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Suspension Period</B>&rdquo;
has the meaning set forth in <U>Section&nbsp;2.3(a)(ii)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Transfer</B>&rdquo;
means (i)&nbsp;sell, assign, give, pledge, encumber, hypothecate, mortgage, exchange or otherwise dispose, (ii)&nbsp;grant to any
Person any option, right or warrant to purchase or otherwise receive, or (iii)&nbsp;enter into any swap or other agreement that
transfers, in whole or in part, any of the economic consequences or other rights of ownership.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I><U>Registration
Rights</U></I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Piggyback
Registration</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the Company proposes to file a Registration Statement under the Securities Act at any time following the date of this Agreement,
(i)&nbsp;with respect to an offering by the Company of any equity securities for its own account (other than a registration statement
(A)&nbsp;on Form S-4, Form S-8 or any successor forms thereto, (B)&nbsp;filed solely in connection with any employee benefit, dividend
reinvestment, or any other similar plan or (C)&nbsp;for the purpose of effecting a rights offering afforded to all holders of the
Shares), or (ii)&nbsp;with respect to an offering for the account of any of its security holders, the Company will</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">give each Holder written notice of such filing
at least ten (10)&nbsp;Business Days&rsquo; prior to the anticipated filing date (the &ldquo;<B>Piggyback Notice</B>&rdquo;). The
Piggyback Notice shall offer the Holders the opportunity to include in such registration statement the number of Registrable Securities
as they may request (a &ldquo;<B>Piggyback Registration</B>&rdquo;); <I>provided, however</I>, that such number of Registrable
Securities multiplied by the VWAP (as defined in the Stock Purchase Agreement) as of the date of such request shall equal at least
$10 million. Subject to <U>Section&nbsp;2.1(b)</U>, the Company shall include in each such Piggyback Registration all Registrable
Securities with respect to which the Company has received a written request from the Holders for inclusion therein within five
(5)&nbsp;Business Days after notice has been given to the Holders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
any of the securities to be registered pursuant to the Registration Statement giving rise to the Holders&rsquo; rights under this
<U>Section&nbsp;2.1</U> are to be sold in an underwritten offering, then each Holder shall be permitted to include all Registrable
Securities requested to be included in such Registration Statement in such offering on the same terms and conditions as the securities
of the Company or its security holders included therein; <I>provided</I>, <I>however</I>, that if such offering involves a firm
commitment underwritten offering and the managing underwriter of such underwritten offering advises the Company in writing that
it is the managing underwriter&rsquo;s good faith opinion that the total number or dollar amount of Registrable Securities proposed
to be sold by the Holders in such offering, together with all Other Securities that the Company and any other Persons having rights
to participate in such registration intend to include in such offering, exceeds the total number or dollar amount of such securities
that can be sold without having an adverse effect on the price, timing or distribution of such Registrable Securities to be so
included together with all such Other Securities, then there shall be included in such firm commitment underwritten offering the
number or dollar amount of such Registrable Securities and such Other Securities that in the opinion of such managing underwriter
can be sold without so adversely affecting such offering; <I>provided</I>, <I>however</I>, that in no event shall the number of
Registrable Securities proposed to be sold by the Holders in such offering be reduced unless all Other Securities that are not
entitled to registration rights pari passu with those of the Holders (other than securities to be sold by the Company) are first
entirely excluded from such offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company shall have the right to terminate or withdraw any registration initiated by it under this <U>Section&nbsp;2.1</U> prior
to the effectiveness of the related Registration Statement and shall have no obligation to register any Registrable Securities
in connection with such registration, except to the extent provided herein. Each Holder shall have the right to withdraw its request
for inclusion of its Registrable Securities in any Piggyback Registration by giving written notice to the Company of its request
to withdraw at least two (2)&nbsp;Business Days prior to the planned effective date of the related Registration Statement. The
Registration Expenses of any such withdrawn Piggyback Registration shall be borne by the Company in accordance with <U>Section&nbsp;2.2</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the event that the SEC sets forth a limitation on the number of securities that may be registered in a particular Piggyback Registration,
the Company may reduce the number of securities to be registered in such Piggyback Registration to such number of securities as
allowed by the SEC.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Registration
Expenses</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Expenses
of the Company</U>. Unless otherwise specified herein, in connection with registrations pursuant to <U>Section&nbsp;2.1</U>, the
Company shall pay all of the registration expenses incurred in connection with the registration thereunder (the &ldquo;<B>Registration
Expenses</B>&rdquo;), including all: (i)&nbsp;registration and filing fees, (ii)&nbsp;FINRA fees, (iii)&nbsp;printing, duplicating,
word processing, telephone and facsimile expenses, (iv)&nbsp;fees and disbursements of the Company&rsquo;s counsel, (v)&nbsp;blue
sky fees and expenses, (vi)&nbsp;fees and expenses of the Company&rsquo;s independent accountants in connection with any regular
or special reviews or audits incident to or required by any such registration, (vii)&nbsp;expenses incurred in connection with
making road show presentations and holding meetings with potential investors, including all travel, meals and lodging, (viii)&nbsp;messenger
and delivery expenses, (ix)&nbsp;all fees and expenses incurred in connection with listing the Registrable Securities on any securities
exchange and (x)&nbsp;the reasonable fees and disbursements of one firm of attorneys acting as counsel of the Holders selected
by the Holders of a majority of the Registrable Securities included in the Piggyback Registration.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Expenses
of the Investor</U>. Each Holder shall be responsible for (i)&nbsp;any allocable underwriting fees, discounts or commissions, (ii)&nbsp;any
allocable commissions of brokers and dealers, (iii)&nbsp;fees and disbursements of counsel for such Holder other than as provided
in <U>Section&nbsp;2.2(a)(x)</U>, and (iv)&nbsp;capital gains, income and transfer taxes, if any, relating to the sale of Registrable
Securities of the Investor.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Registration
Procedures</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
connection with the registration of any Registrable Securities pursuant to this Agreement, the Company will keep each Holder with
Registrable Securities covered by such registration advised in writing as to the initiation of each such registration and the Company
will:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Use
commercially reasonable efforts to keep each Registration Statement continuously effective until all Registrable Securities included
in such Registration Statement have actually been sold, which Registration Statement shall comply as to form in all material respects
with the requirements of the applicable form and include or incorporate by reference all financial statements required by the SEC
to be filed therewith or incorporated therein and upon the occurrence of any event that would cause the Registration Statement
or the Prospectus contained therein (A)&nbsp;to contain a material misstatement or omission or (B)&nbsp;not to be effective and
usable for resale of Registrable Securities, the Company shall file promptly an appropriate amendment to the Registration Statement,
a supplement to the Prospectus or a report filed with the SEC pursuant to Section&nbsp;13(a), 13(c), 14 or 15(d) of the Exchange
Act, in the case of clause (A), correcting any such misstatement or omission, and, in the case of either clause (A)&nbsp;or (B),
the Company shall use commercially reasonable efforts to cause such amendment to be declared or deemed effective and the Registration
Statement and the related Prospectus to become usable for their intended purposes as soon as practicable thereafter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
anything to the contrary contained herein, the Company may delay filing or suspend the effectiveness of a Registration Statement
and the</P>

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


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Investor&rsquo;s right to sell thereunder (each
such period, a &ldquo;<B>Suspension Period</B>&rdquo;) if (A)&nbsp;the Company is pursuing a material acquisition, merger, reorganization,
disposition or similar transaction and the Board of Directors of the Company determines in good faith that the Company&rsquo;s
ability to pursue or consummate such a transaction would be materially adversely affected by any required disclosure of such transaction
in the registration statement, or (B)&nbsp;the Company has experienced some other material non-public event the disclosure of which
at such time could reasonably be expected to materially adversely affect the Company; <I>provided</I>, <I>however</I>, that no
Suspension Period shall exceed ninety (90)&nbsp;consecutive days and all such Suspension Periods shall not exceed one hundred eighty
(180)&nbsp;days in the aggregate in any twelve (12)&nbsp;month period; <I>provided</I>, <I>further</I>, that no Suspension Period
may be implemented under this <U>Section&nbsp;2.3(a)(ii)</U> unless the same or more onerous restrictions are imposed on the Company
and all of the Company&rsquo;s directors and officers and all other holders of registration rights granted by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepare
and file with the SEC such supplements, amendments and post-effective amendments to each Registration Statement as may be necessary
to keep such Registration Statement effective during the period provided herein and as required by the rules, regulations or instructions
applicable to the registration form used by the Company for such Registration Statement or by the Securities Act or by any other
rules and regulations thereunder for registrations; respond as promptly as reasonably possible to any comments received from the
SEC with respect to such Registration Statement, or any amendment, post-effective amendment or supplement relating thereto; and
as promptly as reasonably possible, upon request, provide the Holders true and complete copies of all correspondence from and to
the SEC relating to such Registration Statement; and comply in all material respects with the provisions of the Securities Act,
the Exchange Act and the rules and regulations promulgated thereunder applicable to it with respect to the disposition of all Registrable
Securities covered by such Registration Statement in accordance with the intended method or methods of distribution by the selling
Holders thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advise
each Holder and Legal Counsel promptly (which notice pursuant to clauses (B)&nbsp;through (D)&nbsp;below shall be accompanied by
an instruction to suspend the use of the Prospectus until the Company shall have remedied the basis for such suspension and shall
include the steps the Company intends to remedy such basis and the Company shall promptly thereafter notify the Holder of such
remediation):</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;when
the Prospectus or any Prospectus supplement or post-effective amendment is proposed to be or has been filed, and, with respect
to the Registration Statement or any post-effective amendment thereto, when the same has become effective;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;of
any request by the SEC or any other Governmental Authority received by the Company for amendments to the Registration Statement
or amendments or supplements to the Prospectus or for additional information relating thereto;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in">(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;of
the issuance by the SEC of any stop order received by the Company suspending the effectiveness of the Registration Statement under
the Securities Act or of the suspension by any state securities commission of the qualification of the</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Registrable Securities for offering or sale
in any jurisdiction, or the threatening or initiation of any proceeding for any of the preceding purposes;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in">(D)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;of
the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification
of any of the Registrable Securities for sale in any jurisdiction where the same is required, or the initiation or threatening
of any proceeding for such purpose; or</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in">(E)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;of
the existence of any fact or the happening of any event, during the pendency of a distribution of Registrable Securities pursuant
to a Registration Statement, that makes any statement of a material fact made in such Registration Statement, the Prospectus, any
amendment or supplement thereto, or any document incorporated by reference therein untrue, or that requires the making of any additions
to or changes in the Registration Statement or the Prospectus in order to make the statements therein not misleading; <I>provided</I>,
<I>however</I>, the Company shall not be required to disclose confidential information to any Holders or their Legal Counsel (i)&nbsp;unless
and until a mutually acceptable confidentiality agreement is in place with the Holders, and/or (ii)&nbsp;if such information is
subject to attorney-client privilege, if such disclosure would result in loss of attorney-client privilege, unless such Holders
sign a reasonable joint defense agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless
any Registrable Securities shall be in book-entry form only, cooperate with the Holder to facilitate the timely preparation and
delivery of certificates representing Registrable Securities to be sold and not bearing any restrictive legends, and enable such
Registrable Securities to be in such denominations and registered in such names as the Holder may request at least two (2)&nbsp;Business
Days before any sale of Registrable Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Use
commercially reasonable efforts to promptly register or qualify any Registrable Securities under such other securities or blue
sky laws of such jurisdictions within the United States as the Holder reasonably requests and which may be reasonably necessary
or advisable to enable the Holder to consummate the disposition in such jurisdictions of the Registrable Securities owned by the
Holder, keep such registrations or qualifications in effect for so long as the applicable Registration Statement is required to
remain in effect and do any and all other acts and things which may be reasonably necessary or advisable to enable the Holder to
consummate the disposition in such jurisdictions of the Registrable Securities owned by the Holder; <I>provided</I>, <I>however</I>,
that the Company will not be required to (A)&nbsp;qualify generally to do business in any jurisdiction where it would not otherwise
be required to qualify but for this Agreement, (B)&nbsp;subject itself to taxation in any jurisdiction where it would not otherwise
be subject to taxation but for this Agreement or (C)&nbsp;consent to general service of process in any jurisdiction where it would
not otherwise be subject to such service but for this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Use
commercially reasonable efforts to promptly cause any Registrable Securities covered by a Registration Statement to be registered
with or approved by such other Governmental Authority within the United States as may be necessary to enable the Holder to consummate
the disposition of such Registrable Securities in accordance with the intended methods of disposition set forth in such Registration
Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Use
commercially reasonable efforts either to cause all of the Registrable Securities covered by a Registration Statement to be listed
on each securities exchange on which securities of the same class or series issued by the Company are then listed. The Company
shall pay all fees and expenses in connection with satisfying its obligation under this <U>Section&nbsp;2.3(a)(viii)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
connection with an underwritten offering, enter into an underwriting agreement in customary form, scope and substance, and take
all such other actions reasonably requested by the Holder or by the managing underwriter, if any, to expedite or facilitate the
underwritten disposition of such Registrable Securities and deliver such documents and certificates as may be reasonably requested
by the Holder, its counsel and the managing underwriter, if any.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Use
commercially reasonable efforts to prevent, or obtain the withdrawal of, any stop order or other order suspending the use of any
Prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(xi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deliver
to the Holder and each underwriter, if any, without charge, as many copies of the applicable Prospectus and any amendment or supplement
thereto as the Holder or underwriter may reasonably request.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(xii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cooperate
with the Holder and the underwriters, if any, of such Registrable Securities and their respective counsel in connection with any
filings required by law to be made with FINRA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(xiii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Obtain
customary opinions of counsel to the Company and updates thereof addressed to the Holders and their underwriters, if any, covering
the Registrable Securities included in such Registration Statement and such other matters as are covered in any opinions relating
to such Registration Statement that are delivered to the Company, any holder of Other Securities or their respective underwriters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(xiv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Obtain
for the benefit of the underwriters the independent right to rely upon &ldquo;comfort&rdquo; letters and updates thereof from the
Company&rsquo;s independent certified public accountants relating to such Registration Statement (and for the Holders if <U>Section
2.6(b)</U> is applicable).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2in">(xv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Make
available for inspection by each Holder, the underwriters, if any, and any attorney, accountant or other agent retained by a Holder
or the underwriters, all financial and other records, pertinent corporate documents and properties of the Company, and cause the
Company&rsquo;s officers, directors, employees and independent accountants to supply all information reasonably requested by a
Holder or any such underwriter, attorney, accountant or agent in connection with such registration statement, provided that any
of the foregoing parties shall enter into a mutually acceptable confidentiality agreement if reasonably requested by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company may require the Holders whose Registrable Securities are included in a Registration Statement to furnish to the Company
such customary information regarding the Holders and the distribution of such Shares as the Company may reasonably require for
inclusion in such Registration Statement. The Holders agree promptly to</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">furnish to the Company all information required
to be disclosed in order to make the information previously furnished to the Company by the Holders not misleading. The Company
may exclude from such Registration Statement the Registrable Securities of any Holder if such Holder fails to furnish such information
at least three (3)&nbsp;Business Days prior to the filing of the applicable Registration Statement or Prospectus. The Company shall
not include in any Registration Statement any information regarding, relating to or referring to the Holders or their plan of distribution
without the approval of the Holders in writing; <I>provided</I>, <I>however</I>, that no such approval shall be required for information
previously provided to the Company as part of a selling stockholder questionnaire in connection with such Registration Statement.
Notwithstanding any other provision of this Agreement, the Holders shall also provide the Company as a condition to including Registrable
Securities in a Registration Statement, such information as is reasonably requested by the Company in response to the Company&rsquo;s
customary selling stockholder questionnaire seeking the information required by the Securities Act and the rules and regulations
promulgated thereunder.&nbsp;&nbsp;In addition, the Holders shall enter into customary custody and related agreements if reasonably
requested by the Company or the underwriters in connection with a sale of Registrable Securities pursuant to a Piggyback Registration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company shall permit outside legal counsel for the Holders (&ldquo;<B>Legal Counsel</B>&rdquo;) to review and comment upon (i)&nbsp;a
Registration Statement at least five (5)&nbsp;Business Days prior to its filing with the SEC and (ii)&nbsp;all amendments and supplements
to all Registration Statements (except for Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form
8-K, and any similar or successor reports) within a reasonable number of days prior to their filing with the SEC. The Company shall
furnish to Legal Counsel, without charge, (i)&nbsp;copies of any correspondence from and to the SEC or the staff of the SEC relating
to any Registration Statement, (ii)&nbsp;promptly after the same is prepared and filed with the SEC, one copy of any Registration
Statement and any amendment(s) thereto, including financial statements and schedules, all documents incorporated therein by reference,
if requested by Legal Counsel, and all exhibits and (iii)&nbsp;upon the effectiveness of any Registration Statement, one copy of
the prospectus included in such Registration Statement and all amendments and supplements thereto.&nbsp;&nbsp;The Company shall
reasonably cooperate with Legal Counsel in performing the Company&rsquo;s obligations pursuant to this <U>Section&nbsp;2.3</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">2.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Indemnification</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company shall indemnify and hold harmless, to the fullest extent permitted by law, (1)&nbsp;each Holder if any of the Holder&rsquo;s
Registrable Securities are covered by a Registration Statement or Prospectus, (2)&nbsp;each of the Holders&rsquo; Affiliates, officers,
directors, shareholders, employees, advisors, agents, (3)&nbsp;each underwriter (including the Holders if deemed to be an underwriter
pursuant to any SEC comments or policies), if any, and (4)&nbsp;each Person who controls (within the meaning of Section&nbsp;15
of the Securities Act or Section&nbsp;20 of the Exchange Act) such underwriter (collectively, &ldquo;<B>Holder Indemnitees</B>&rdquo;),
from and against all losses, claims, damages, liabilities, penalties, judgments, suits, costs and expenses (including reasonable
legal fees and disbursements, which shall be reimbursed periodically as incurred) (collectively, &ldquo;<B>Losses</B>&rdquo;) in
connection with any sale of Registrable Securities pursuant to a Registration Statement under this Agreement arising out of or
based upon (i)&nbsp;any untrue or alleged untrue statement of a material fact contained in any such</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">Registration Statement or any Prospectus (including
preliminary or final) relating to the registration of such Registrable Securities or any amendment or supplement thereto or any
document incorporated by reference therein or any omission or (ii)&nbsp;or any alleged omission to state therein a material fact
required to be stated therein or necessary to make the statements therein, in light of the circumstances in which they were made,
not misleading, and will reimburse to each of the Persons listed above, for any reasonable legal or any other expenses actually
suffered or incurred and paid in connection with investigating and defending any such Losses; <I>provided</I>, <I>however</I>,
that the Company shall not be liable to such Holder Indemnitee in any such case to the extent that any such Loss arises out of
or is based upon an untrue statement or alleged untrue statement or omission or alleged omission made in such Registration Statement,
including any such preliminary or final Prospectus contained therein or any such amendments or supplements thereto, or contained
in any free writing prospectus (as such term is defined in Rule 405 under the Securities Act) prepared by the Company or authorized
by it in writing for use by such Holder Indemnitee (or any amendment or supplement thereto), in reliance upon and in conformity
with information regarding such Holder Indemnitee which was furnished in writing to the Company expressly for use in connection
with such Registration Statement, including any such preliminary or final Prospectus contained therein or any such amendments or
supplements thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
connection with any Registration Statement in which a Holder is participating by registering Registrable Securities, such Holder
agrees to indemnify and hold harmless, to the fullest extent permitted by law, the Company, its Affiliates, the officers, directors,
shareholders, advisors, agents, representatives or other employees of the Company, each Person who controls (within the meaning
of Section&nbsp;15 of the Securities Act or Section&nbsp;20 of the Exchange Act) the Company, each underwriter, if any, and each
Person who controls (within the meaning of Section&nbsp;15 of the Securities Act or Section&nbsp;20 of the Exchange Act) such underwriter
(collectively, &ldquo;<B>Company Indemnitees</B>&rdquo;), from and against all Losses, as incurred, arising out of or based on
any untrue or alleged untrue statement of a material fact contained in any such Registration Statement or preliminary or final
Prospectus relating to the registration of such Registrable Securities or any amendment or supplement thereto or any document incorporated
by reference therein, or any omission or alleged omission to state therein a material fact required to be stated therein or necessary
to make the statements therein, in light of the circumstances in which they were made, not misleading, in each case solely to the
extent that such untrue or alleged untrue statement or omission or alleged omission is made in such Registration Statement or in
any preliminary or final Prospectus contained therein or any such amendments or supplements thereto or contained in any free writing
prospectus (as such term is defined in Rule 405 under the Securities Act) in reliance upon and in conformity with written information
furnished to the Company by such Holder expressly for inclusion in such document; <I>provided</I>, <I>however</I>, that in no event
shall the liability of any Holder hereunder be greater in amount than the dollar amount of the net proceeds received by such Holder
upon the sale of Registrable Securities under the Registration Statement giving rise to such indemnification obligation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
any Person shall be entitled to indemnity hereunder (an &ldquo;<B>Indemnified Party</B>&rdquo;), such Indemnified Party shall give
prompt notice to the party from which such indemnity is sought (the &ldquo;<B>Indemnifying Party</B>&rdquo;) of any claim or of
the commencement of any Proceeding with respect to which such Indemnified Party has actual</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">notice and seeks indemnification or contribution
pursuant hereto; <I>provided</I>, <I>however</I>, that the delay or failure to so notify the Indemnifying Party shall not relieve
the Indemnifying Party from any obligation or liability except to the extent that the Indemnifying Party has been actually materially
prejudiced by such delay or failure. The Indemnifying Party shall have the right, exercisable by giving written notice (which shall
include an acknowledgement of its obligation to indemnify the Indemnified Party therefor on the terms set forth herein) to an Indemnified
Party promptly after the receipt of written notice from such Indemnified Party of such claim or Proceeding, to assume, at the Indemnifying
Party&rsquo;s expense, the defense of any such Proceeding, with counsel reasonably satisfactory to such Indemnified Party; <I>provided</I>,
<I>however</I>, that an Indemnified Party shall have the right to employ separate counsel in any such Proceeding and to participate
in the defense thereof, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless: (i)&nbsp;the
Indemnifying Party agrees to pay such fees and expenses; (ii)&nbsp;the Indemnifying Party fails promptly to assume or diligently
defend, or in the event of a conflict of interest cannot assume or continue to defend, the defense of such Proceeding or fails
to employ counsel reasonably satisfactory to such Indemnified Party, in which case the Indemnified Party shall also have the right
to employ counsel and to assume the defense of such Proceeding or (iii)&nbsp;in the Indemnified Party&rsquo;s reasonable judgment
a conflict of interest between such Indemnified Party and Indemnifying Party may exist in respect of such Proceeding; <I>provided</I>,
<I>further</I>, that the Indemnifying Party shall not, in connection with any one such Proceeding or separate but substantially
similar or related Proceedings in the same jurisdiction, arising out of the same general allegations or circumstances, be liable
for the fees and expenses of more than one firm of attorneys (together with appropriate local counsel) at any time for all of the
Indemnified Parties, or for fees and expenses that are not reasonable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither
party shall settle, compromise, discharge or consent to an entry of judgment with respect to a claim or liability subject to indemnification
under this <U>Section&nbsp;2.4</U> without the other party&rsquo;s prior written consent (which consent shall not be unreasonably
withheld, conditioned or delayed); <I>provided</I>, <I>however</I>, that the Indemnifying Party may agree without the prior written
consent of the Indemnified Party solely to any settlement, compromise, discharge or consent to an entry of judgment, in each case
that relates only to money damages and by its terms obligates the Indemnifying Party to pay the full amount of the liability in
connection with such claim and which unconditionally releases the Indemnified Party from all liability or obligation in connection
with such claim.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the indemnification provided for in this <U>Section&nbsp;2.4</U> is unavailable to hold harmless each of the Indemnified Parties
against any Losses to which such parties may become subject under the Securities Act, then the Indemnifying Party shall, in lieu
of indemnifying each party entitled to indemnification hereunder, contribute to the amount paid or payable by such party as a result
of such Losses in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party, on the one hand, and
such Indemnified Parties, on the other hand, in connection with the statements or omissions or alleged statements or omissions
that resulted in such Losses; <I>provided</I>, <I>however</I>, that the liability of the Indemnifying Party shall not exceed the
applicable limitations set forth in <U>Section&nbsp;2.4(a)</U> or <U>Section&nbsp;2.4(b)</U>, respectively. The relative fault
of such parties shall be determined by reference to, among other things, 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 or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">concerning the Indemnifying Party on the one
hand, or by such Indemnified Party on the other, and such party&rsquo;s relative intent, knowledge, access to information and opportunity
to have corrected or prevented such statement or omission.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">2.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notice</U>.
Each time a Registration Statement is declared effective, the Company shall notify each such Holder as promptly as practicable,
and in any event no later than the next Business Day, when such Registration Statement has become effective and take such other
actions as are reasonably necessary to permit sales of the Registrable Securities, including providing each Holder a reasonable
number of copies of the Prospectus which is a part of such Registration Statement as requested by such Holder in writing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">2.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Miscellaneous</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
for the registration rights granted to the Investor and the other Holders hereunder, the Company has not granted registration rights
(that remain in force and effect) to any other holder or prospective holder of any securities of the Company.&nbsp;&nbsp;From and
after the date hereof, the Company shall not, without the prior written consent of the Holders, enter into any agreement granting
any other holder or prospective holder of any securities of the Company registration rights with respect to such securities unless
such new registration rights, including with respect to underwriters&rsquo; &ldquo;cutbacks,&rdquo; do not conflict with, the registration
rights granted to the Investor and the other Holders hereunder (it being understood that any grant by the Company of pari passu
registration rights shall not be deemed to conflict with the rights of the Holders hereunder).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
a Holder is required under applicable securities laws to be described in a Registration Statement as an underwriter or the Holder
believes that it could reasonably be deemed to be an underwriter of Registrable Securities, at the request of the Holder, the Company
shall furnish to the Holder, on the date of the effectiveness of such Registration Statement and thereafter from time to time on
such dates as the Holder may reasonably request (i)&nbsp;a letter, dated such date, from the Company&rsquo;s independent certified
public accountants in form, scope and substance as is customarily given by independent certified public accountants to underwriters
in an underwritten public offering, addressed to the Investor, and (ii)&nbsp;an opinion, dated as of such date, of counsel representing
the Company for purposes of such Registration Statement, in form, scope and substance as is customarily given in an underwritten
public offering, addressed to the Holder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
a Holder is required under applicable securities laws to be described in a Registration Statement as an underwriter or a Holder
believes that it could reasonably be deemed to be an underwriter of Registrable Securities, the Company shall make available for
inspection by (i)&nbsp;the Holder, (ii)&nbsp;Legal Counsel and (iii)&nbsp;one firm of accountants or other agents retained by the
Holder, all pertinent financial and other records, and pertinent corporate documents and properties of the Company, as shall be
reasonably deemed necessary by any such party set forth in clauses (i)-(iii), and cause the Company&rsquo;s officers, directors
and employees to supply all information which any Holder or their Legal Counsel may reasonably request; <I>provided</I>, <I>however</I>,
that the Company shall be under no obligation to share any confidential information to any Holders or their Legal Counsel (i)&nbsp;unless
and until a mutually acceptable confidentiality agreement is in place with the Holders, and/or (ii)&nbsp;if such</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">information is subject to attorney-client privilege,
if such disclosure would result in loss of attorney-client privilege, unless such Holders enter into a reasonable joint defense
agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither
the Company nor any Affiliate thereof shall identify any Holder as an &ldquo;underwriter&rdquo; in any public disclosure or filing
with the SEC or any securities exchange without the prior written consent of such Holder (it being understood, that if the Company
is required to name the Holder as an &ldquo;underwriter&rdquo; in such Registration Statement by the SEC (after a good faith discussion
with the SEC to lift such requirement, including any reduction in the number of Registrable Securities of the Holder to be registered
on such Registration Statement (to the extent necessary to lift such requirement)), the Holder shall have the option of electing
to exclude all such Registrable Securities from such Registration Statement or to be named as an &ldquo;underwriter&rdquo; in such
Registration Statement).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I><U>Other
Covenants</U>.</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Reports
Under the Exchange Act</U>. With a view to making available to the Investor and the other Holders the benefits of certain rules
and regulations of the SEC which may at any time permit the sale of the Registrable Securities to the public without registration,
the Company agrees, so long as there are outstanding Registrable Securities, to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;make
and keep public information available, as those terms are understood and defined in Rule 144;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;file
with the SEC in a timely manner all reports and other documents as the SEC may prescribe under Section&nbsp;13(a) or 15(d) of the
Exchange Act at any time while the Company is subject to such reporting requirements of the Exchange Act and the filing of such
reports and other documents is required for the applicable provisions of Rule 144; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;furnish
or make available, including by filing on EDGAR, to each Holder so long as such Holder owns Registrable Securities, promptly upon
request, (i)&nbsp;a written statement by the Company, if true, that it has complied with the reporting requirements of Rule 144,
the Securities Act and the Exchange Act, (ii)&nbsp;a copy of the most recent annual or quarterly report of the Company and such
other reports and documents so filed by the Company, and (iii)&nbsp;such other information as may be reasonably requested to permit
the Holders to sell such securities pursuant to Rule 144 without restriction.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Removal
of Legend</U>. In connection with a sale of Registrable Securities by any Holder in reliance on Rule 144, the applicable Holder
or its broker shall deliver to the Company a broker representation letter providing to the Company any information the Company
deems necessary to determine that the sale of such Registrable Securities is made in compliance with Rule 144, including, as may
be appropriate, a certification that the Holder is not an Affiliate of the Company and regarding the length of time the Registrable
Securities have been held. Upon receipt of such representation letter, in a customary form, the Company shall promptly direct its
transfer agent to exchange stock certificates bearing a restrictive legend for stock certificates without the legend (or a credit
for such shares to book-entry accounts maintained by the transfer agent), and the Company shall bear all costs associated therewith.
After any Holder has held</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Registrable Securities for six months, if the
certificate for such Registrable Securities still bears a restrictive legend, the Company agrees, upon request of such Holder,
to take all steps necessary to promptly effect the removal of such restrictive legend from such Registrable Securities, and the
Company shall bear all costs associated therewith, regardless of whether the request is made in connection with a sale or otherwise,
so long as such Holder provides to the Company customary information reasonably necessary to determine that the legend is no longer
required under the Securities Act or applicable state laws, including a certification that such Holder is not an Affiliate of the
Company (and a covenant to inform the Company if it should thereafter become an Affiliate and to consent to exchange its certificates
for certificates bearing an appropriate restrictive legend) and regarding the length of time the Registrable Securities have been
held.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Confidentiality</U>.
The Company shall hold in confidence and not make any disclosure of information concerning the Holders provided to the Company
unless (i)&nbsp;disclosure of such information is necessary to comply with federal or state securities laws, (ii)&nbsp;the disclosure
of such information is required in any Registration Statement, (iii)&nbsp;the release of such information is ordered pursuant to
a subpoena or other final, non-appealable order from a court or governmental body of competent jurisdiction, or (iv)&nbsp;such
information has been made generally available to the public other than by disclosure in violation of this Agreement or any other
agreement. To the extent permitted by applicable law, the Company agrees that it shall, upon learning that disclosure of such information
concerning the Holder is sought in or by a court or governmental body of competent jurisdiction or through other means, give prompt
written notice to the Holder and allow the Holder, to undertake appropriate action to prevent disclosure of, or to obtain a protective
order for, such information.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I><U>Miscellaneous</U></I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination</U>.
This Agreement shall terminate (a)&nbsp;at any time upon the mutual written agreement of the Company and the Holders holding a
majority in interest of the Registrable Securities and (b)&nbsp;as to any particular Holder, at such time as the Holder ceases
to Beneficially Own any Registrable Securities; <I>provided</I>, <I>however</I>, that no such termination shall affect the parties&rsquo;
rights and obligations pursuant to <U>Section 2.2</U> or <U>Section 2.4</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendment
and Modification</U>. This Agreement (including all exhibits hereto) may be amended, restated, supplemented or otherwise modified,
and any provision hereof may be waived, only by written agreement making specific reference to this Agreement or the applicable
provision to be waived, in each case duly executed by the Company and Holders holding a majority in interest of the Registrable
Securities.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Titles
and Subtitles; Interpretation</U>. Unless otherwise indicated herein, with respect to any reference made in this Agreement to a
Section (or Article, Subsection, Paragraph, Subparagraph or Clause), such reference shall be to a section (or article, subsection,
paragraph, subparagraph or clause) of, or an exhibit or schedule to, this Agreement. Any article, section, subsection, paragraph
or subparagraph headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning
or interpretation of this Agreement. Any reference made in this Agreement to a statute or statutory provision shall mean such statute
or statutory provision as it has been amended through the date as of which the particular portion</P>

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


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    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">of the Agreement is to take effect, or to any
successor statute or statutory provision relating to the same subject as the statutory provision so referred to in this Agreement,
and to any then applicable rules or regulations promulgated thereunder. Whenever the words &ldquo;include,&rdquo; &ldquo;includes&rdquo;
or &ldquo;including&rdquo; are used in this Agreement, they shall be deemed, as the context indicates, to be followed by the words
&ldquo;but (is/are) not limited to.&rdquo; The words &ldquo;herein,&rdquo; &ldquo;hereof,&rdquo; &ldquo;hereunder&rdquo; and words
of like import shall refer to this Agreement as a whole, unless the context clearly indicates to the contrary. Words used herein,
regardless of the number and gender specifically used, shall be deemed and construed to include any other number, singular or plural,
and any other gender, masculine, feminine or neuter, as the context indicates is appropriate. Where specific language is used to
clarify or illustrate by example a general statement contained herein, such specific language shall not be deemed to modify, limit
or restrict the construction of the general statement which is being clarified or illustrated.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Waiver</U>.
No failure on the part of a party to this Agreement to exercise, and no delay in exercising, any right, power or remedy under this
Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of such right, power or remedy by such party
to this Agreement preclude any other or further exercise thereof or the exercise of any other right, power or remedy. Any such
agreement on the part of a party to any such extension or waiver shall be valid only if set forth in a written instrument signed
by such party.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Binding
Nature; Assignment</U>. This Agreement will be binding upon and inure to the benefit of and be enforceable by the respective successors
and permitted assigns of the parties hereto. Neither party to this Agreement may assign (whether by operation of law or otherwise)
this Agreement or any rights, interests or obligations provided by this Agreement without prior written consent of the other party;
<I>provided</I>, <I>however</I>, that the Investor may Transfer any or all of the Shares or other Registrable Securities and assign
this Agreement and any or all rights, interests or obligations hereunder to an Affiliate of the Investor and any such Affiliate
of the Investor may further assign this Agreement and any or all its rights, interests or obligations hereunder to any other Affiliate
of the Investor. For the sake of clarity, each transferee as permitted in the previous sentence shall be deemed to be a &ldquo;Holder&rdquo;
for purposes of this Agreement. Any attempted assignment in violation of this <U>Section&nbsp;4.5</U> shall be void <I>ab initio</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Severability</U>.
In the event that any term or other provision of this Agreement, or the application thereof becomes, or is declared by any rule
of law, under public policy or by a court of competent jurisdiction to be illegal, void or unenforceable, the remainder of this
Agreement, and the application of such provision to other persons or circumstances other than those as to which it is determined
to be illegal, void or unenforceable, will not be impaired or otherwise affected and will continue in full force and effect and
be enforceable to the fullest extent permitted by law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices
and Addresses</U>. All notices, requests, demands, claims and other communications required or permitted hereunder shall be in
writing and shall be sent by nationally recognized overnight courier.&nbsp;&nbsp;Any notice, request, demand, claim or other communication
required or permitted hereunder will be deemed duly delivered one (1) Business Day (or five (5) Business Days of being sent internationally)
after being sent by nationally recognized commercial overnight courier service, with confirmation of receipt, to the parties at</P>

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


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    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">the following addresses (or at such other address
for a party as shall be specified upon like notice):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if
to the Investor and the other Holders to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">LVMH Moet Hennessy Louis Vuitton Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">19 East 57th Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">New York, New York 10022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Attention:&nbsp;&nbsp;Anish Melwani</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">with a copy to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">LVMH Mo&euml;t Hennessy Louis Vuitton SE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">22, avenue Montaigne</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">75008&nbsp;&nbsp;Paris</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">France</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Attention: M. Bernard Kuhn</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">and a copy to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">LVMH Moet Hennessy Louis Vuitton Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">19 East 57<SUP>th</SUP> Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">New York, New York 10022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Attention:&nbsp;&nbsp;Louise Firestone, Esq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Barack Ferrazzano Kirschbaum &amp; Nagelberg LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">200 W. Madison Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Suite 3900</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Chicago, Illinois&nbsp;&nbsp;60606</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in">Attention:&#9;Peter
J. Barack, Esq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if
to the Company:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">G-III Apparel Group, Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">512 Seventh Avenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">New York, New York&nbsp;&nbsp;10018</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Attention:&nbsp;&nbsp;Wayne S. Miller</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">with a copy to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Norton Rose Fulbright US LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">1301 Avenue of the Americas</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">New York, New York&nbsp;&nbsp;10019</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in">Attention:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neil Gold, Esq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2.25in">Manuel G. Rivera, Esq.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Notwithstanding the foregoing, any party may
send any notice, request, demand, claim, or other communication required or permitted hereunder to the intended recipient at the
address set forth above using any other means (including personal delivery, messenger service, facsimile transmission, ordinary
mail or electronic mail); <I>provided, however</I>, that no such notice, request, demand, claim, or other communication will be
deemed to have been duly given unless and until it actually is received by the intended recipient.&nbsp;&nbsp;Any party may change
the address to which notices, requests, demands, claims, and other communications required or permitted hereunder are to be delivered
by giving the other parties notice in the manner herein set forth.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Specific
Performance</U><FONT STYLE="font-family: Times New Roman, Times, Serif">.&nbsp;&nbsp;The parties hereto agree that irreparable
damage would occur and that the parties would not have any adequate remedy at law in the event any provision of this Agreement
was not performed in accordance with the specific terms hereof or were otherwise breached.&nbsp;&nbsp;It is accordingly agreed
that the parties hereto shall be entitled (in addition to any other remedies available to them) to specific performance of the
terms of this Agreement and injunctive relief (without bond or other security being required and without the necessity of proving
the inadequacy of money damages) to prevent breaches or threatened breaches of this Agreement, this being in addition to any other
remedy to which they are entitled at law or in equity.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Confidential
Arbitration</U>.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject
to <U>Section 4.8</U> above, any claims or disputes arising out of, relating to, or in connection with this Agreement will be finally
settled by arbitration under the Rules of Arbitration of the International Chamber of Commerce in force at the date of the request
for arbitration (the &ldquo;<B>ICC Rules</B>&rdquo;), including the rules thereof pertaining to the production of documents and
other information, except as they may be modified herein (including in <U>Section&nbsp;4.9(b)</U> below) or by mutual agreement
of the parties.&nbsp;&nbsp;The seat of the arbitration will be New York, New York, and it will be conducted in the English language.&nbsp;&nbsp;To
the extent feasible, multiple claims shall be consolidated in a single proceeding.&nbsp;&nbsp;It is the intention of the parties
that all proceedings initiated pursuant to this <U>Section 4.9</U> be conducted as expeditiously as reasonably possible.&nbsp;&nbsp;Each
party hereto understands that by entering into this Agreement, it is waiving any right it may have to file a lawsuit or other civil
action or proceeding relating to this Agreement, and that it is waiving any right that it may have to resolve disputes through
trial by jury.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
party seeking arbitration (the &ldquo;<B>Claimant</B>&rdquo;) will nominate an arbitrator in the request for arbitration and statement
of claim (the &ldquo;<B>Request for Arbitration</B>&rdquo;), subject to confirmation by the International Court of Arbitration
of the International Chamber of Commerce (the &ldquo;<B>ICC Court</B>&rdquo;) or Secretary General of the International Chamber
of Commerce (the &ldquo;<B>Secretary General</B>&rdquo;), as provided in the ICC Rules.&nbsp;&nbsp;After filing the Request for
Arbitration is complete pursuant to the ICC Rules, the Claimant will serve the Request for Arbitration upon the Claimant.&nbsp;&nbsp;Within
ten (10) Business Days of receipt of the filed Request for Arbitration, the party against whom the claim is made (the &ldquo;<B>Respondent</B>&rdquo;)
will file and serve the Answer to the Request for Arbitration and notify the Claimant and the ICC Court of an arbitrator that it
nominates, subject to confirmation as provided in the ICC Rules.&nbsp;&nbsp;Upon confirmation by the ICC Court or the Secretary
General of the two arbitrators nominated by the parties, such two arbitrators will select a third arbitrator, who, once confirmed,
shall serve as</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">chairman of the arbitral panel; the nomination
of the third arbitrator shall be made within ten (10) Business Days of the confirmation of the arbitrators nominated by the parties.&nbsp;&nbsp;If
the arbitrators nominated by the Claimant and the Respondent cannot agree on a third arbitrator within such time period, then the
ICC Court will appoint the third arbitrator, who shall serve as chairman of the arbitral panel.&nbsp;&nbsp;By whomever appointed,
the three arbitrators will act as the sole arbitrators in the arbitral proceeding.&nbsp;&nbsp;The parties specifically agree that,
as to any proceeding initiated pursuant to this <U>Section&nbsp;4.9</U>:&nbsp;&nbsp;(i) the arbitrators will be empowered to award
and order equitable or injunctive relief with respect to matters brought before them; (ii)&nbsp;any taking of evidence that may
be required shall be handled expeditiously, and all disputes regarding the taking of evidence shall be resolved by the arbitrators
within ten (10) Business Days, or as soon thereafter as practicable.&nbsp;&nbsp;It is the intent of the parties that barring extraordinary
circumstances or unavailability of members of the arbitral panel, (i) a hearing on the merits of all claims for which arbitration
is sought by either party shall be commenced not later than ninety (90) days from the date the ICC arbitration panel conducts the
initial case management conference, following issuance of the arbitral panel&rsquo;s &ldquo;Terms of Reference,&rdquo; in accordance
with the ICC Rules, and (ii) the arbitral panel will submit a written draft Award to the ICC Court for its review, which shall
reveal the essential findings and conclusions on which the award is based, within thirty (30) days after the conclusion of such
hearing.&nbsp;&nbsp;Failure to adhere to these time limits shall not be a basis for challenging the award or challenging the arbitral
tribunal&rsquo;s jurisdiction.&nbsp;&nbsp;With respect to any arbitration proceeding arising under this Agreement, the parties
further agree that with respect to discovery in such proceeding:&nbsp;&nbsp;(i) the arbitrators will not be empowered to provide
for any requests for documents beyond one (1) set of requests by each party for the production of documents by the other party,
which requests shall be submitted within five (5) Business Days of Respondent&rsquo;s submission of its Answer to the Request for
Arbitration; and (ii) each party will be limited to one deposition, with the Company entitled to take a single deposition of one
(1) corporate representative of the Investor and the Investor entitled to take a single deposition of one (1) corporate representative
of the Company, such corporate representative depositions to be consistent with Federal Rule of Civil Procedure 30(b)(6). The award
will be final and binding and non-appealable, and judgment thereon may be entered by any Court of Competent Jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
parties agree that each of them shall bear all of their own fees, costs and expenses in connection with any arbitral proceeding
initiated pursuant to this <U>Section&nbsp;4.9</U>, including but not limited to attorneys&rsquo; fees.&nbsp;&nbsp;The cost of
the three arbitrators shall be shared equally by the Claimant and the Respondent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arbitration
pursuant to this <U>Section&nbsp;4.9</U> shall be the exclusive method available for resolution of claims, disputes and controversies
described in this <U>Section&nbsp;4.9</U>, and the parties stipulate that the provisions hereof shall be a complete defense to
any suit, action, or proceeding in any court or before any administrative or arbitration tribunal with respect to any such claim,
controversy or dispute.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
the terms of this <U>Section&nbsp;4.9</U>, each party acknowledges and agrees that the other parties may be damaged irreparably
if this Agreement is not performed in accordance with its terms or otherwise is breached, and that, at any time before and after
a demand notice is presented, the parties shall be free to apply to any Court of Competent Jurisdiction for (i) in the case of
<U>Section 3.3</U>, any temporary or permanent</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0">injunctive or equitable relief that is available
to such party, and (ii) in all other cases, interim or conservatory measures (including temporary conservatory injunctions), in
each case to prevent breaches of this Agreement, and to enforce specifically this Agreement and its terms.&nbsp;&nbsp;The parties
acknowledge and agree that any such action by a party shall not be deemed to be a breach of such party&rsquo;s obligation to arbitrate
all disputes under this <U>Section&nbsp;4.9</U> or infringe upon the powers of any arbitral panel.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 1.5in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
parties shall keep confidential, and not disclose the fact that there is a dispute between the parties, the details of the dispute,
the fact of the arbitration and all details relating to the proceeding, except as required by law and consistent with the parties&rsquo;
right to limited judicial review of the arbitrator&rsquo;s award.&nbsp;&nbsp;All statements, documents, claims, demands, transcripts,
evidence, discovery materials or communications, whether oral, written, electronic or in any other form, that are submitted or
prepared by any party in connection with an arbitration proceeding initiated pursuant to this <U>Section&nbsp;4.9</U> shall be
Confidential Information (as defined in, and for the purposes of, the Stock Purchase Agreement).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Governing
Law; Court of Competent Jurisdiction</U>.&nbsp;&nbsp;This Agreement shall be governed by and construed in accordance with the laws
of the State of New York without regard to applicable principles of choice or conflicts of law that would cause application of
the laws of any other jurisdiction.&nbsp;&nbsp;Any proceeding initiated pursuant to <U>Section 4.9</U> above shall incorporate
the substantive laws of the State of New York, except as modified by the terms of <U>Section 4.9</U>.&nbsp;&nbsp;The parties agree
that any permissible action arising out of or relating to this Agreement, including but not limited to an action for injunctive
or provisional relief or in connection with an arbitral award or proceeding, shall be brought exclusively in a state or federal
court of competent subject matter jurisdiction located in the State of New York, New York County (a &ldquo;<B>Court of Competent
Jurisdiction</B>&rdquo;), irrevocably submit to the personal jurisdiction of any such court, and waive any objection to the venue
of such court and any argument that such court is an inconvenient forum.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Complete
Agreement</U>. This Agreement and the documents referred to herein collectively constitute and contain the entire agreement and
understanding of the parties with respect to the subject matter hereof and thereof and supersede any prior negotiations, correspondence,
understandings and contracts by or between the parties respecting the subject matter hereof and thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Third-Party Beneficiaries</U>. This Agreement is for the sole benefit of the parties hereto and their respective successors and
permitted assigns, and, and, except with respect to the Holder Indemnitees and the Company Indemnitees pursuant to <U>Section&nbsp;2.4</U>,
and any Holder, nothing in this Agreement shall create or be deemed to create any third party beneficiary rights in any Person
not a party to this Agreement, including any Affiliates of any party hereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Counterparts</U>.
This Agreement may be executed in one or more counterparts (any of which may be delivered by facsimile or other electronic transmission),
all of which shall be considered one and the same agreement, and shall become effective when one or more counterparts have been
signed by each of the parties and delivered to the other parties, it being understood that all parties need not sign the same counterpart.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Further
Assurances</U>. Each party shall cooperate and take such action as may be reasonably requested by another party in order to carry
out the provisions and purposes of this Agreement and the transactions contemplated hereby.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">IN WITNESS WHEREOF, the parties have caused
this Agreement to be executed and delivered by each of them or their respective officers thereunto duly authorized, all as of the
date first written above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; 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 COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase"><B>G-III APPAREL GROUP, LTD.</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 44%">&nbsp;</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">By: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Name: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Title: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>LVMH MOET HENNESSY LOUIS </B></FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>VUITTON INC.</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">By: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Name: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Title: </FONT></TD>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">[Signature Page to Registration Rights Agreement]</P>

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