Exhibit 10.13

AMENDMENT NO. 5 TO SENIOR CREDIT AGREEMENT & SECURITY

AGREEMENT

This Amendment No.  5 to Senior Credit Agreement  & Security Agreement (this “Amendment”) is made and entered into as of February 7, 2020, by and among Denim.LA, Inc., a Delaware corporation d/b/a DSTLD (the “Borrower”), the stockholders of the Borrower signatories below (“Stockholders”), bocm3-DSTLD-Senior Debt, LLC, a Utah limited liability company (“First Lender”) and bocm3-DSTLD-Senior Debt 2, LLC, a Utah limited liability company (“Second Lender” and together with the First Lender, the “Lenders”).

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; it is hereby agreed that:

ARTICLE I.

DEFINITIONS

When used herein, the following terms shall have the following specified meanings:

1.1Amendment” shall mean this Amendment No. 5 to Senior Credit Agreement & Security Agreement, as amended, restated, supplemented or otherwise modified from time to time.

1.2Credit Agreement” shall mean the Senior Credit Agreement dated as of March 10, 2017, by and among the Borrower, Stockholders and First Lender, as amended by that certain Amendment No. 1 to Senior Credit Agreement, dated as of July 1 , 2017 (“Amendment No. 1”), that certain Amendment No. 2 to Credit Agreement, Security Agreement and Management, dated as of March 30, 2018 (“Amendment No. 2”), and that certain Limited Waiver and Amendment No. 3 to Senior Credit Agreement, dated as of April 30, 2018 (“Amendment No. 3”), that certain Amendment No. 4 to Senior Credit Agreement, dated as of February 28, 2019 (“Amendment No. 4” and, together with Amendment No. 1, Amendment No. 2 and Amendment No. 3, collectively, the “Amendments”), and as further amended, modified, supplemented, extended or restated from time to time.

1.3Security Agreement” shall mean the Security Agreement dated as of March 10, 2017, by and among the Borrower and Lenders, as amended by the applicable Amendments and as further amended, modified, supplemented, extended or restated from time to time

1.4Other Capitalized Terms. All capitalized terms used in this Amendment and not specifically defined herein shall have the definitions assigned to such terms in the Credit Agreement or the Security Agreement, as applicable.


ARTICLE II.

AMENDMENTS TO CREDIT AGREEMENT

2.1Amendments. The Credit Agreement is hereby amended as follows:

(a)

Section 1.1. The following replaces the existing definition of such term in Section 1.1 in its entirety or adds such definition to Section 1.1:

Bailey Collateral” means the “Collateral” (as such term is defined in the Norwest Pledge Agreement as of the date hereof).

Norwest Note” means that certain Secured Promissory Note, dated as of the date hereof, by Borrower in favor of Norwest Venture Partners XI, LP and Norwest Venture Partners XII, LP, in the initial principal amount of $4,500,000, as in existence on the date hereof.

Norwest Pledge Agreement” means that certain Pledge Agreement, dated as of the date hereof, by Borrower in favor of Norwest Venture Partners XI, LP and Norwest Venture Partners XII, LP, as Secured Parties, pledging the Bailey Collateral, as in existence on the date hereof.

Norwest Permitted Lien” means the Liens on the Bailey Collateral in connection with the Norwest Pledge Agreement.

(b)

Section 1.1. The definition of “Permitted Liens” shall be amended by adding a new Section (f) which shall read as follows:

(e)the Norwest Permitted Lien.

Note Maturity Date” means the earliest to occur of (i) the closing date of the IPO (as defined in the Norwest Note), (ii) the closing date of a Denim Sale (as defined in the Norwest Note) or (iii) September 30, 2020.

(c)Section 6.1. Section 6.1 shall be amended in its entire to read as follows:

Indebtedness. Borrower shall not, directly or indirectly, create, incur, assume, or otherwise become directly or indirectly liable with respect to, any Indebtedness other than (i) Indebtedness under this Agreement, (ii) Indebtedness incurred after the date hereof in the ordinary course of Borrower’s operations, consistent with past practice, in an aggregate amount less than $25,000 or (iii) Indebtedness incurred pursuant to the Norwest Note or the Norwest Pledge Agreement; provided, however, that neither the Norwest Note nor the Norwest Pledge Agreement may be amended without Lenders’ prior written consent.

2.2Miscellaneous Amendments. The Credit Agreement, the Notes, and all other agreements and instruments executed and delivered heretofore or hereafter pursuant to the Credit Agreement are amended hereby so that any reference therein to the Credit Agreement shall be deemed to be a reference to such agreements and instruments as amended by or pursuant to this Amendment.


ARTICLE III.

AMENDMENTS TO SECURITY AGREEMENT

3.1Amendment. The Security Agreement is hereby amended to add the following as Section 2(e):

Notwithstanding anything contrary herein or in any other Loan Document, the “Collateral” shall not include any part of the Bailey Collateral, and the Bailey Collateral shall be expressly excluded from the Collateral.

3.2Filing Authorization. The Secured Party hereby authorizes the Borrower or any of its designees to file UCC-3 financing statement amendments to any UCC-1 financing statement on public record in favor of the Secured Party or any Lender in the form approved by Lenders.

ARTICLE IV.

REPRESENTATIONS AND WARRANTIES OF THE BORROWER

The Borrower hereby represents and warrants to the Lenders that:

4.1Credit Agreement. All of the representations and warranties made by Borrower in the Credit Agreement are true and correct on the date of this Amendment, except to the extent such representation or warranty relates to a specified earlier date, in which case it continues to be true and correct as of such date. No Event of Default under the Credit Agreement has occurred and is continuing as of the date of this Amendment.

4.2Capitalization. As of the date hereof, all outstanding Capital Stock of Borrower is held as set forth on Schedule 4.2 All outstanding shares of Capital Stock were duly authorized and validly issued, and are fully paid and nonassessable. As of the Closing Date, except as set forth on Schedule4.2, there are no outstanding securities, options, warrants, rights, or other agreements of any nature that require Borrower to issue any additional Capital Stock.

4.3Authorization; Enforceability. The making, execution and delivery of this Amendment and performance of and compliance with the terms of this Amendment and the terms of the Credit Agreement, as amended hereby, has been duly authorized by all necessary company action by Borrower. This Amendment is the valid and binding obligation of Borrower, enforceable against Borrower in accordance with its terms subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

4.4Absence of Conflicting Obligations. The making, execution and delivery of this Amendment and performance of and compliance with the terms of this Amendment and the terms of the Credit Agreement, as amended hereby, do not violate any presently existing provision of law or the articles or certificate of formation, certificate of organization or operating agreement of Borrower or any agreement to which Borrower is a party or by which it or any of its assets is bound.


4.5Loan Balance. As of the date hereof, the balance of the Loans is $4,667,543.86.

ARTICLE V. MISCELLANEOUS

5.1Continuance of Credit Agreement. Except as specifically amended by this Amendment, the Credit Agreement shall remain in full force and effect.

5.2Survival. All agreements, representations and warranties made in this Amendment or in any documents delivered pursuant to this Amendment shall survive the execution of this Amendment and the delivery of any such document.

5.3Governing Law. This Amendment shall be governed by, and construed and enforced in accordance with, the laws of the State of Utah without regarding to principles of conflicts of laws.. The parties hereto acknowledge that this Amendment was negotiated with the assistance of counsel and, accordingly, such laws shall be applied without reference to any rules of construction regarding the draftsman hereof.

5.4Counterparts; Headings. This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. Article and section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose or be given any substantive effect.

5.5Severability. In case any provision in or obligation under this Amendment shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby.

5.6Course of Dealing; Consent. Borrower acknowledges that neither previous waivers, extensions, and amendments granted to Borrower by Lender, nor the amendments and waivers granted herein, create any course of dealing or expectation with respect to any further waivers, extensions, or amendments, and Borrower further acknowledges that Lender has no obligation whatsoever to grant any additional waivers, extensions, amendments, or forbearance.

5.7No Defenses. Borrower acknowledges it has no defenses, rights of setoff, or rights of recoupment to the enforceability or payment of any of its obligations under the Credit Agreement as amended hereby.

5.8Ex penses and Attorneys ’ Fees . Borrower shall pay (a) all fees and expenses (including attorney’s fees) incurred by Lender in connection with the preparation, execution, and delivery of this Amendment, and all prior legal fees and expenses (including attorney’s fees) incurred by each Lender in connection with the Credit Agreement and (b) all fees and expenses (including attorney’s fees) incurred by Borrower in connection with the preparation, execution, and delivery of this Amendment on the date hereof.


5.9Further Assurances. Borrower shall promptly execute and deliver or cause to be executed and delivered to Lenders within a reasonable time following Lender’s request, and at the expense of Borrower, such other documents or instruments as Lender may reasonably require to in order to give effect to the intent and purposes of this Amendment.

[Signature page follows]


IN WITNESS WHEREOF, the parties have executed this Amendment No. 5 to Senior Credit Agreement & Security Agreement as of the date first written above.

 

DENIM.LA, INC. d/b/a DSTLD

 

 

 

 

By:

/s/ Hil Davis

 

Name:

 Hil Davis

 

Title:

 

 

 

 

BOCM3-DSTLD-SENIOR DEBT, LLC

 

 

 

 

 

By:

/s/ Gregory David Seare

 

Name:

Gregory David Seare

 

Title:

Founder and Managing Director.

 

 

 

BOCM3-DSTLD-SENIOR DEBT 2, LLC

 

 

 

 

 

By:

/s/ Gregory David Seare

 

Name:

Gregory David Seare

 

Title:

Founder and Managing Director.

 

 

 

STOCKHOLDERS

 

 

 

Mark Lynn

 

 

 

/s/ Mark Lynn 

 

 

 

Corey Epstein

 

 

 

/s/ Corey Epstein 

[Signature page to Amendment No. 5 to Credit Agreement & Security Agreement]


Schedule 4.2

Capitalization

Security Type

 

Shares

 

Common

 

 

10,377,615

 

Preferred

 

 

40,911,690

 

Options

 

 

20,044,624

 

Warants

 

 

9,684,197

 

Total

 

 

81,018,126

 

ID

 

 

Shareholder

 

Date

 

 

Shares

 

CS-1

 

 

Corey Epstein

 

 

1/30/2013

 

 

 

6,050,000

 

CS-2

 

 

Ryan Jaleh

 

 

1/30/2013

 

 

 

245,060

 

CS-3

 

 

Marcus Martinez

 

 

1/30/2013

 

 

 

241,289

 

CS-4

 

 

Anthony Pu

 

 

1/30/2013

 

 

 

88,000

 

CS-5

 

 

Amplify.LA Capital II, LLC

 

 

1/31/2013

 

 

 

83,124

 

CS-6

 

 

Mark Lynn

 

 

10/14/2013

 

 

 

2,688,889

 

CS-24

 

 

Amplify.LA Capital II, LLC

 

 

09/12/2016

 

 

 

51,587

 

CS-25

 

 

Baroda Ventures LLC

 

 

09/12/2016

 

 

 

36,111

 

CS-26

 

 

Plus Capital, L.P.

 

 

09/12/2016

 

 

 

41,269

 

CS-27

 

 

3-4 Surf, GP

 

 

09/12/2016

 

 

 

4,578

 

CS-28

 

 

TenOneTen Ventures, LLC

 

 

09/12/2016

 

 

 

11,802

 

CS-29

 

 

Randy Nichols

 

 

09/12/2016

 

 

 

23,302

 

CS-30

 

 

Dan Brown

 

 

09/12/2016

 

 

 

2,927

 

CS-31

 

 

William Essin

 

 

09/12/2016

 

 

 

2,343

 

CS-32

 

 

Viking Power

 

 

09/12/2016

 

 

 

10,479

 

CS-33

 

 

Scott C. Steigerwald

 

 

09/12/2016

 

 

 

18,313

 

CS-34

 

 

Patrick M. Falle

 

 

09/12/2016

 

 

 

10,983

 

CS-35

 

 

Siemer Ventures II LP

 

 

09/12/2016

 

 

 

55,668

 

CS-36

 

 

North Rim Investments, LLC (Joh

 

 

09/12/2016

 

 

 

25,793

 

CS-37

 

 

Unicorn Ventures, LLC

 

 

09/12/2016

 

 

 

10,317

 

CS-38

 

 

Yobin Capital, Inc.

 

 

09/12/2016

 

 

 

25,793

 

CS-39

 

 

Andrea Berkholtz

 

 

09/12/2016

 

 

 

10,317

 

CS-40

 

 

Dan Zigmond

 

 

09/12/2016

 

 

 

10,317

 

CS-41

 

 

Sean Brecker

 

 

09/12/2016

 

 

 

10,317

 

CS-42

 

 

Everlast Investments, LLC

 

 

09/12/2016

 

 

 

257,932

 

CS-43

 

 

SI Selections Fund I, L.P.

 

 

09/12/2016

 

 

 

206,346

 

CS-44

 

 

TRIPLE 8 HOLDINGS, LLC

 

 

09/12/2016

 

 

 

154,759

 

 

 

 

 

 

 

 

 

 

 

10,377,615

 

[Signature page to Amendment No. 5 to Credit Agreement & Security Agreement]


ID

 

 

Shareholder

 

Round

 

Date

 

 

Shares

 

PS-125

 

 

The Academy, LLC

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

117,284

 

PS-134

 

 

Amplify.LA Capital II, LLC

 

Series A

 

 

09/12/2016

 

 

 

104,166

 

PS-135

 

 

Baroda Ventures LLC

 

Series A

 

 

09/12/2016

 

 

 

72,916

 

PS-136

 

 

Plus Capital, L.P.

 

Series A

 

 

09/12/2016

 

 

 

83,333

 

PS-137

 

 

3-4 Surf, GP

 

Series A

 

 

09/12/2016

 

 

 

9,244

 

PS-139

 

 

Randy Nichols

 

Series A

 

 

09/12/2016

 

 

 

47,054

 

PS-140

 

 

Viking Power

 

Series A

 

 

09/12/2016

 

 

 

21,158

 

PS-141

 

 

Dan Brown

 

Series A

 

 

09/12/2016

 

 

 

5,911

 

PS-142

 

 

Scott C. Steigerwald

 

Series A

 

 

09/12/2016

 

 

 

36,978

 

PS-143

 

 

William Essin

 

Series A

 

 

09/12/2016

 

 

 

4,731

 

PS-144

 

 

Patrick M. Falle

 

Series A

 

 

09/12/2016

 

 

 

22,179

 

PS-145

 

 

Siemer Ventures II LP

 

Series A

 

 

09/12/2016

 

 

 

112,409

 

PS-146

 

 

North Rim Investments, LLC (John Victor

 

Series A

 

 

09/12/2016

 

 

 

52,083

 

PS-147

 

 

Unicorn Ventures, LLC

 

Series A

 

 

09/12/2016

 

 

 

20,833

 

PS-148

 

 

Yobin Capital, Inc.

 

Series A

 

 

09/12/2016

 

 

 

52,083

 

PS-149

 

 

Andrea Berkholtz

 

Series A

 

 

09/12/2016

 

 

 

20,833

 

PS-150

 

 

Dan Zigmond

 

Series A

 

 

09/12/2016

 

 

 

20,833

 

PS-151

 

 

Sean Brecker

 

Series A

 

 

09/12/2016

 

 

 

20,833

 

PS-152

 

 

Everlast Investments, LLC

 

Series A

 

 

09/12/2016

 

 

 

520,833

 

PS-153

 

 

SI Selections Fund I, L.P.

 

Series A

 

 

09/12/2016

 

 

 

416,666

 

PS-154

 

 

TRIPLE 8 HOLDINGS, LLC

 

Series A

 

 

09/12/2016

 

 

 

312,500

 

PS-155

 

 

Seedinvest

 

Series A

 

 

09/12/2016

 

 

 

1,217,548

 

PS-156

 

 

Mark Epstein

 

Series A

 

 

03/31/2017

 

 

 

98,388

 

PS-157

 

 

Seth Elken

 

Series A

 

 

01/27/2017

 

 

 

52,083

 

PS-158

 

 

Seedinvest

 

Series A

 

 

10/10/2016

 

 

 

403,991

 

PS-159

 

 

Seedinvest

 

Series A

 

 

11/09/2016

 

 

 

284,476

 

PS-160

 

 

Seedinvest

 

Series A

 

 

12/12/2016

 

 

 

164,724

 

PS-161

 

 

Seedinvest

 

Series A

 

 

01/30/2017

 

 

 

144,244

 

PS-162

 

 

Seedinvest

 

Series A

 

 

02/14/2017

 

 

 

107,908

 

PS-163

 

 

Seedinvest

 

Series A

 

 

01/09/2017

 

 

 

179,836

 

PS-164

 

 

Seedinvest

 

Series A

 

 

02/27/2017

 

 

 

244,714

 

PS-165

 

 

Seedinvest

 

Series A

 

 

03/13/2017

 

 

 

519,914

 

PS-166

 

 

Seedinvest

 

Series A

 

 

05/12/2017

 

 

 

147,165

 

PS-167

 

 

Seedinvest

 

Series A

 

 

06/02/2017

 

 

 

55,302

 

PS-168

 

 

Seedinvest

 

Series A

 

 

06/08/2017

 

 

 

35,030

 

PS-169

 

 

TenOneTen Ventures, LLC

 

Series A

 

 

09/12/2016

 

 

 

23,829

 

PS-170

 

 

Amplify.LA Capital II, LLC

 

Series A

 

 

06/09/2017

 

 

 

3,555

 

PS-171

 

 

Baroda Ventures LLC

 

Series A

 

 

06/09/2017

 

 

 

2,372

 

PS-172

 

 

Yobin Capital, Inc.

 

Series A

 

 

06/09/2017

 

 

 

1,003

 

PS-173

 

 

Seedinvest

 

Series A

 

 

06/11/2017

 

 

 

5,207

 

PS-174

 

 

Seedinvest

 

Series A-2

 

 

09/20/2017

 

 

 

691,440

 

PS-175

 

 

Seedinvest

 

Series A-2

 

 

10/03/2017

 

 

 

444,600

 

PS-176

 

 

Seedinvest

 

Series A-2

 

 

10/17/2017

 

 

 

342,850

 

PS-177

 

 

Seedinvest

 

Series A-2

 

 

10/31/2017

 

 

 

173,999

 

PS-178

 

 

Seedinvest

 

Series A-2

 

 

11/14/2017

 

 

 

270,646

 

PS-179

 

 

Seedinvest

 

Series A-2

 

 

11/28/2017

 

 

 

330,000

 

PS-180

 

 

Seedinvest

 

Series A-2

 

 

12/11/2017

 

 

 

148,900

 

PS-181

 

 

Seedinvest

 

Series A-2

 

 

12/21/2017

 

 

 

182,331

 

PS-182

Seedinvest

Series A-2

01/08/2018

203,802

PS-183

Seedinvest

Series A-2

01/22/2018

161,000

PS-184

Seedinvest

Series A-2

02/02/2018

224,000

PS-185

Seedinvest

Series A-2

02/20/2018

103,250

PS-186

Seedinvest

Series A-2

03/02/2018

214,950

PS-187

Seedinvest

Series A-2

03/16/2018

350,200

PS-188

Seedinvest

Series A-2

03/30/2018

851,316

PS-189

Seedinvest

Series A-2

04/13/2018

1,172,158

PS-190

Seedinvest

Series A-2

05/04/2018

67,300

PS-191

StartEngine

Series CF

08/09/2018

124,204

PS-192

Patrick M. Falle

Series A-3

08/24/2018

94,340

PS-193

CherryTree VC

Series A-3

10/18/2018

188,680

PS-194

Seedinvest

Series A-3

10/10/2018

607,367

PS-195

Seedinvest

Series A-3

10/26/2018

1,077,054

PS-196

Seedinvest

Series A-3

11/08/2018

315,910

PS-197

Oswaldo Nascimiento

Series A-3

11/08/2018

300,000


PS-198

 

 

Seedinvest

 

Series A-3

 

 

11/21/2018

 

 

 

83,973

 

PS-199

 

 

Seedinvest

 

Series A-3

 

 

12/06/2018

 

 

 

157,960

 

PS-200

 

 

Seedinvest

 

Series A-3

 

 

12/27/2018

 

 

 

449,336

 

PS-201

 

 

Seedinvest

 

Series A-3

 

 

12/30/2018

 

 

 

61,667

 

PS-202

 

 

Scott C. Steigerwald

 

Series A-3

 

 

12/26/2018

 

 

 

111,321

 

PS-203

 

 

Seedinvest

 

Series A-3

 

 

01/10/2019

 

 

 

152,795

 

PS-204

 

 

Seedinvest

 

Series A-3

 

 

01/24/2019

 

 

 

804,814

 

PS-205

 

 

Seedinvest

 

Series A-3

 

 

02/05/2019

 

 

 

1,105,360

 

PS-206

 

 

Seedinvest

 

Series A-3

 

 

02/26/2019

 

 

 

112,365

 

PS-207

 

 

Crowdcube  Nominees

 

Series A-3

 

 

02/26/2019

 

 

 

341,056

 

PS-S40

 

 

Zillion, LLC

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

1,838,396

 

PS-S41

 

 

Plus Capital, L.P.

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

367,679

 

PS-S42

 

 

The Kevin Yorn Trust

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

110,303

 

PS-S43

 

 

3-4 Surf, GP

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

183,839

 

PS-S44

 

 

Baroda Ventures LLC

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

183,839

 

PS-S45

 

 

Amplify.LA Capital II, LLC

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

240,400

 

PS-S46

 

 

QueensBridge Fund I, L.P.

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

91,919

 

PS-S47

 

 

Viking Power

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

183,839

 

PS-S48

 

 

Siemer Ventures II LP

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

183,839

 

PS-S49

 

 

Clark W. Landry

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

91,919

 

PS-S50

 

 

Structure Fund LP

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

91,919

 

PS-S51

 

 

Scott C. Steigerwald

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

735,358

 

PS-S52

 

 

Patrick M. Falle

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

441,215

 

PS-S53

 

 

William Essin

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

91,919

 

PS-S54

 

 

Brad Zions

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

91,919

 

PS-S55

 

 

Equity Trust Company Custodian FBO W

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

91,919

 

PS-S56

 

 

Arena Ventures Fund, LP.

 

Series Seed Preferred

 

 

05/21/2015

 

 

 

773,335

 

PS-S-1

 

 

Corey Epstein

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

617,122

 

PS-S-2

 

 

Ryan Jaleh

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

101,847

 

PS-S-3

 

 

Amplify.LA Capital II, LLC

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

1,222,364

 

PS-S-4

 

 

Paige Craig

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

0

 

PS-S-5

 

 

Siemer Ventures II LP

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

1,004,400

 

PS-S-6

 

 

Baroda Ventures LLC

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

773,335

 

PS-S-7

 

 

Plus Capital, L.P.

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

773,139

 

PS-S-8

 

 

Siemer Ventures II LP

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

338,019

 

PS-S-9

 

 

Baroda Ventures LLC

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

241,667

 

PS-S-10

 

 

Dennis Phelps

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

241,381

 

PS-S-11

 

 

CAA Ventures I, L.P.

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

480,470

 

PS-S-12

 

 

SLP Ventures II, LLC

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

238,885

 

PS-S-13

 

 

Crunch Fund I, L.P.

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

713,462

 

PS-S-14

 

 

Welle Family Trust

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

237,022

 

PS-S-15

 

 

SC Worldwide Enterprises LLC

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

237,022

 

PS-S-16

 

 

TenOneTen Ventures, LLC

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

473,881

 

PS-S-17

 

 

Viking Power

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

236,920

 

PS-S-18

 

 

Dennis Phelps

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

236,920

 

PS-S-19

 

 

Amplify.LA Capital II, LLC

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

236,900

 

PS-S-20

 

 

Amplify.LA Capital II, LLC

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

118,450

 

PS-S-21

 

 

Crunch Fund I, L.P.

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

236,879

 

PS-S-22

 

 

Michael Lastoria

 

Series Seed Preferred

 

 

10/06/2014

 

 

 

236,859

 

PS-S-23

Mark Epstein

Series Seed Preferred

10/06/2014

236,797

PS-S-24

Lanoha Ventures LLC

Series Seed Preferred

10/06/2014

236,756

PS-S-25

Siemer Ventures II LP

Series Seed Preferred

10/06/2014

709,103

PS-S-26

Demarest Films, LLC

Series Seed Preferred

10/06/2014

235,713

PS-S-27

Tom McInerney

Series Seed Preferred

10/06/2014

235,365

PS-S-28

Glenn E. Montgomery

Series Seed Preferred

10/06/2014

117,611

PS-S-29

Dan Brown

Series Seed Preferred

10/06/2014

117,550

PS-S-30

Mark Epstein

Series Seed Preferred

10/06/2014

117,324

PS-S-31

The Bernhard J. and Diane H. Welle Fam

Series Seed Preferred

10/06/2014

234,588

PS-S-33

Dave Berlin

Series Seed Preferred

10/06/2014

234,362

PS-S-34

Randy Nichols

Series Seed Preferred

10/06/2014

935,731

PS-S-35

Plus Capital, L.P.

Series Seed Preferred

10/06/2014

185,771

PS-S-36

The Mandel Company

Series Seed Preferred

10/06/2014

185,722

PS-S-37

Zillion, LLC

Series Seed Preferred

10/06/2014

539,088

PS-S-38

Zillion, LLC

Series Seed Preferred

10/06/2014

1,113,940

PS-S-39

Zillion, LLC

Series Seed Preferred

10/06/2014

371,313

PS-S57

StartEngine Broker Dealer

Series A-3

1/30/2020

1,158,931

PS-S58

StartEngine Crowd

Series A-3

1/30/2020

1,368,432

Total

40,911,690


ID

 

 

Shareholder

 

Shares

 

 

Strike Price

 

 

Grant Date

OG-2

 

 

Steve Shaw

 

 

100,000

 

 

$

0.15

 

 

6/17/2014

OG-3

 

 

Dave Kuehl

 

 

-

 

 

$

0.15

 

 

6/17/2014

OG-4

 

 

Anton Jusufi

 

 

-

 

 

$

0.15

 

 

6/17/2014

OG-5

 

 

Jordan Posell

 

 

-

 

 

$

0.15

 

 

6/17/2014

OG-6

 

 

Nika Battle

 

 

-

 

 

$

0.15

 

 

6/17/2014

OG-7

 

 

Mark Lynn

 

 

1,344,444

 

 

$

0.15

 

 

6/17/2014

OG-8

 

 

Mark Lynn

 

 

2,016,667

 

 

$

0.15

 

 

6/17/2014

OG-9

 

 

Isadora Hu

 

 

25,000

 

 

$

0.15

 

 

6/17/2014

OG-10

 

 

Steffen Hoffman

 

 

-

 

 

$

0.15

 

 

8/1/2013

OG-11

 

 

John Tomich

 

 

276,541

 

 

$

0.15

 

 

6/17/2014

OG-12

 

 

William Brian Smith

 

 

-

 

 

$

0.15

 

 

6/17/2014

OG-13

 

 

Anh Vu

 

 

-

 

 

$

0.15

 

 

6/17/2014

OG-14

 

 

Carlos Moscat

 

 

-

 

 

$

0.15

 

 

6/17/2014

OG-15

 

 

Thomas Ocampo

 

 

-

 

 

$

0.15

 

 

6/17/2014

OG-16

 

 

Eleanor Victorioso

 

 

-

 

 

$

0.15

 

 

6/17/2014

OG-17

 

 

Trevor Pettennude

 

 

350,000

 

 

$

0.15

 

 

6/17/2014

OG-18

 

 

Brent Mitchell

 

 

-

 

 

$

0.15

 

 

6/17/2014

OG-19

 

 

Hannah Laverty

 

 

25,000

 

 

$

0.15

 

 

6/17/2014

OG-20

 

 

Damien Sutevski

 

 

-

 

 

$

0.10

 

 

8/7/2015

OG-21

 

 

Eleanor Victorioso

 

 

-

 

 

$

0.10

 

 

8/7/2015

OG-22

 

 

Corey Epstein

 

 

1,800,000

 

 

$

0.10

 

 

8/7/2015

OG-23

 

 

Mark Lynn

 

 

1,800,000

 

 

$

0.10

 

 

8/7/2015

OG-24

 

 

John Tomich

 

 

520,000

 

 

$

0.10

 

 

8/7/2015

OG-25

 

 

Trevor Pettennude

 

 

520,000

 

 

$

0.10

 

 

8/7/2015

OG-26

 

 

Conrad Steenberg

 

 

-

 

 

$

0.10

 

 

4/1/2015

OG-27

 

 

Kevin Morris

 

 

-

 

 

$

0.10

 

 

8/7/2015

OG-28

 

 

Brad Zions

 

 

15,000

 

 

$

0.10

 

 

8/7/2015

OG-29

 

 

Sam Shaffer

 

 

25,000

 

 

$

0.10

 

 

8/7/2015

OG-30

 

 

Kevin Morris

 

 

-

 

 

$

0.16

 

 

1/1/2016

OG-31

 

 

Paul Roughley

 

 

500,000

 

 

$

0.16

 

 

7/1/2016

OG-32

 

 

Laura Sokol

 

 

25,000

 

 

$

0.16

 

 

2/27/2017

OG-33

 

 

Shervin Lalezari

 

 

-

 

 

$

0.16

 

 

7/5/2016

OG-34

 

 

Laura Gramlich

 

 

-

 

 

$

0.16

 

 

1/28/2016

OG-35

 

 

Tiffany Chen

 

 

-

 

 

$

0.16

 

 

1/1/2017

OG-36

 

 

Michelle Finney

 

 

25,000

 

 

$

0.16

 

 

1/1/2017

OG-37

 

 

Micheal Uytengsu

 

 

250,000

 

 

$

0.16

 

 

2/2/2016

OG-38

 

 

Zack Wilson

 

 

25,000

 

 

$

0.16

 

 

2/2/2016

OG-39

 

 

Brock Pierce

 

 

15,000

 

 

$

0.16

 

 

12/1/2016

OG-40

 

 

Nick Lehman (re:DSTLD.com sale)

 

 

300,000

 

 

$

0.16

 

 

1/1/2016

OG-41

 

 

Jordan Isenberg

 

 

-

 

 

$

0.16

 

 

2/2/2016

OG-42

 

 

Seth Elken

 

 

25,000

 

 

$

0.16

 

 

2/2/2016

OG-43

 

 

Mark Epstein

 

 

35,000

 

 

$

0.16

 

 

2/2/2016

OG-44

 

 

Sarah Zapp

 

 

25,000

 

 

$

0.16

 

 

2/2/2016

OG-45

 

 

Hil Davis

 

 

1

 

 

$

0.21

 

 

3/1/2018

OG-46

 

 

Kevin Morris

 

 

-

 

 

$

0.21

 

 

5/23/2018

OG-47

 

 

Geoff McFarlane

 

 

100,000

 

 

$

0.21

 

 

5/23/2018

OG-48

 

 

Trevor Pettennude

 

 

50,000

 

 

$

0.21

 

 

5/23/2018

OG-49

 

 

John Tomich

 

 

-

 

 

$

0.21

 

 

5/23/2018

OG-50

 

 

Mark Lynn

 

 

50,000

 

 

$

0.21

 

 

5/23/2018

OG-51

Corey Epstein

50,000

$

0.21

5/23/2018

OG-52

Jennifer Stein

-

$

0.21

5/23/2018

OG-53

Jennifer Stein

-

$

0.21

8/8/2018

OG-54

Aaron Lifton

-

$

0.21

8/8/2018

OG-55

Yilin Wang

5,000

$

0.21

8/8/2018

OG-56

Caitlin Zenisek

5,000

$

0.21

8/8/2018

OG-57

Amit Shah

-

$

0.21

8/8/2018

OG-58

Cinthya Alvarado

5,000

$

0.21

8/8/2018

OG-59

Patrick M. Falle

37,736

$

0.21

8/24/2018

OG-60

CherryTree VC

75,472

$

0.21

10/18/2018

OG-61

Oswaldo Nascimiento

120,000

$

0.21

10/8/2018

OG-62

Trevor Pettennude

125,000

$

0.21

8/1/2019

OG-63

Laura Dowling

1,000,000

$

0.21

2/18/2019

OG-64

Reid Yoeman

750,000

$

0.21

10/1/2019

OG-65

John Wagner

200,000

$

0.21

11/4/2019

OG-66

Jon Patrick

200,000

$

0.21

12/1/2019

OG-67

Megan McElwee

1,333,333

$

0.21

3/1/2018

OG-68

Marc Croggon

1,333,333

$

0.21

3/1/2018

OG-69

Trevor Pettennude

125,000

$

0.21

10/1/2019

OG-70

Holly Davis

1,333,334

$

0.21

3/1/2018

Not Assigned

3,103,763

Total

20,044,624


ID

 

 

Shareholder

 

Type

 

Grant Date

 

Shares

 

2014-1

 

 

G Squared Media Holdings, LLC

 

Common

 

6/17/2014

 

 

10,000

 

WG-2

 

 

TRIPLE 8 HOLDINGS, LLC

 

Common

 

6/6/2016

 

 

1,800,000

 

WG-3

 

 

SI Securities, LLC

 

Series A

 

8/3/2016

 

 

157,953

 

WG-4

 

 

bocm3-DSTLD-Senior Debt, LLC

 

Common

 

4/7/2017

 

 

1,139,398

 

WG-5

 

 

bocm3-DSTLD-Senior Debt, LLC

 

Common

 

1/2/2018

 

 

610,578

 

WG-6

 

 

bocm3-DSTLD-Senior Debt, LLC

 

Common

 

4/9/2018

 

 

637,769

 

WG-7

 

 

SI Securities, LLC

 

Series A-2

 

7/7/2017

 

 

296,637

 

WG-8

 

 

SI Securities, LLC

 

Series A

 

1/28/2016

 

 

66,000

 

WG-9

 

 

North Capital Private Securities Corporation

 

Series A

 

1/28/2016

 

 

7,333

 

WG-10

 

 

North Capital Private Securities Corporation

 

Series A

 

8/3/2016

 

 

17,550

 

WG-11

 

 

bocm4-DSTLD-Senior Debt, LLC

 

Common

 

3/12/2019

 

 

1,082,973

 

 

 

 

Total

 

 

 

 

 

 

5,826,191

 

 

 

 

 

 

 

 

 

 

 

 

 

WG-12

 

 

bocm4-DSTLD-Senior Debt, LLC

 

Common

 

2/7/2020

 

 

1,929,003

 

WG-13

 

 

bocm4-DSTLD-Senior Debt, LLC

 

Common

 

2/7/2020

 

 

1,929,003

 

 

 

 

Total

 

 

 

 

 

 

9,684,197

 

Denim intends to issue stock options to each of its Chief Executive Office and Chief Operating Officer – the number of shares subject to such stock options, and the date of issuance and exercise price of such options has not yet been determined but it is expected that such options could equal up to 30% of the outstanding shares of Denim on a fully converted, fully diluted basis measured as of the effective date of its proposed IPO.