PERSONAL)Joint Factoring Agreement • September 14th, 2016 • Naked Brand Group Inc. • Men's & boys' furnishgs, work clothg, & allied garments
In order to induce Wells Fargo Bank, National Association (“Factor”) to enter into the Joint Factoring Agreement, dated as of June 14, 2016 and all supplements and agreements related thereto, as amended, modified and supplemented from time to time (as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced, the “Factoring Agreement”) with Naked Brand Group Inc., and Naked Inc. (individually and collectively, the “Client”) and/or to induce Factor to refrain at this time from terminating said Factoring Agreement and/or in consideration of any loans, advances, payment, extensions of credit, benefits or financial accommodations heretofore or hereafter made, granted or extended by Factor or which Factor have or will become obligated to make, grant or extend to or for the account of Client, the undersigned (and each of them if more than one) guarantees without deduction by reason of setoff, defense, or counterclaim of any party, or los
JOINT FACTORING AGREEMENTJoint Factoring Agreement • September 14th, 2016 • Naked Brand Group Inc. • Men's & boys' furnishgs, work clothg, & allied garments • New York
THIS JOINT FACTORING AGREEMENT (as amended, restated, extended, renewed, replaced, supplemented or otherwise modified from time to time, this “Agreement”) is made this 14th day of June 2016 (the “Effective Date”) between Naked Brand Group Inc., a Nevada corporation (“NBGI”) and Naked Inc., a Nevada corporation (“NI” and together with NBGI being referred to in this Agreement both individually and jointly as “Client”), having its chief executive office at 95 Madison Avenue, 10th Floor, New York, New York 10016 and WELLS FARGO BANK, NATIONAL ASSOCIATION (“Factor”), having a place of business at 100 Park Avenue, New York, New York 10017.
