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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 7/07/23 Digital Brands Group, Inc. 8-K:1,2,9 7/05/23 12:256K Toppan Merrill/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 33K 2: EX-10.1 Material Contract HTML 13K 7: R1 Cover HTML 52K 10: XML IDEA XML File -- Filing Summary XML 12K 8: XML XBRL Instance -- tm2320797d1_8k_htm XML 19K 9: EXCEL IDEA Workbook of Financial Report Info XLSX 8K 4: EX-101.DEF XBRL Definitions -- dbgi-20230705_def XML 74K 5: EX-101.LAB XBRL Labels -- dbgi-20230705_lab XML 104K 6: EX-101.PRE XBRL Presentations -- dbgi-20230705_pre XML 71K 3: EX-101.SCH XBRL Schema -- dbgi-20230705 XSD 14K 11: JSON XBRL Instance as JSON Data -- MetaLinks 27± 37K 12: ZIP XBRL Zipped Folder -- 0001104659-23-079173-xbrl Zip 23K
Exhibit 10.1
Digital Brands Group, Inc.
4700 South Boyle Avenue
Attn: John Hilburn Davis
Re: Extension of Maturity Date
Ladies and Gentlemen:
Reference is hereby made to that certain Third Amended and Restated Secured Promissory Note of Digital Brands Group, Inc., a Delaware corporation (formerly known as Denim.LA, Inc., the “Company”), in the aggregate principal amount of $4,500,000 (as amended, the “Note”) issued February 12, 2020 to Norwest Venture Partners XI, LP and Norwest Venture Partners XII, LP (each a “Holder” and together the “Holders”). Capitalized terms used herein but not defined herein shall have the same meanings assigned to such terms in the Note.
As confirmed by the signatures hereto, the Company and each of the Holders hereby agree to amend the Note as follows:
Section 2.1 of the Note is hereby amended and restated in its entirety as follows:
“2.1 Maturity Date and Payment. The Balance shall be due and payable in full to the Holders ratably on the earliest to occur of (i) June 30, 2024 and (ii) the date that the Balance under this Note becomes due and payable pursuant to Section 5 hereunder (such earliest date, the “Maturity Date”). This Note may be prepaid at any time, in whole or in part, at the option of the Company, without penalty or premium.”
Other than as expressly discussed above, no changes or modifications to, or amendments of, the Note are intended or implied by this letter, and the Note is hereby ratified and confirmed by all parties thereto in all respects. To the extent of a conflict between the terms of this letter and the Note, the terms of this letter shall govern and control.
This letter (a) shall be governed by and construed in accordance with the laws of the State of Delaware without regard to conflicts of law and (b) may be executed in any number of counterparts, each of which, when so executed and delivered, shall be an original, but all of which taken together shall constitute one and the same document. Delivery of an executed counterpart of this letter agreement by telecopier or other electronic means (including ..pdf) shall be effective as delivery of a manually executed counterpart thereof.
[Signature Page Follows]
Please acknowledge your agreement to be bound by the foregoing by signing this letter and delivering it to the Holders.
| Very truly yours, | |||
| NORWEST VENTURE PARTNERS XI, LP, | |||
| By: Genesis VC Partners XI, LLC, its General Partner | |||
| By: NVP Associates, LLC, its Managing Member | |||
| By: | /s/ Sonya Brown | ||
| Name: | Sonya Brown | ||
| Title: | General Partner | ||
| NORWEST VENTURE PARTNERS XII, LP, | |||
| By: Genesis VC Partners XII, LLC, its General Partner | |||
| By: NVP Associates, LLC, its Managing Member | |||
| By: | /s/ Sonya Brown | ||
| Name: | Sonya Brown | ||
| Title: | General Partner | ||
| Acknowledged and Agreed: | |||
| DIGITAL BRANDS GROUP, INC. | |||
| By: | /s/ John “Hil” Davis | ||
| Name: | John “Hil” Davis | ||
| Title: | Chief Executive Officer | ||
MATURITY DATE EXTENSION
| This ‘8-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 6/30/24 | ||||
| Filed on: | 7/7/23 | |||
| For Period end: | 7/5/23 | |||
| 2/12/20 | 1-U | |||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 12/28/23 Digital Brands Group, Inc. 424B5 12/27/23 1:379K Toppan Merrill/FA 11/14/23 Digital Brands Group, Inc. 10-Q 9/30/23 71:7.8M Toppan Merrill/FA 9/18/23 Digital Brands Group, Inc. S-1 154:23M Toppan Merrill/FA 8/24/23 Digital Brands Group, Inc. S-1/A 153:24M Toppan Merrill/FA 8/21/23 Digital Brands Group, Inc. 10-Q 6/30/23 73:8M Toppan Merrill/FA 8/04/23 Digital Brands Group, Inc. S-1/A 10:4.2M Toppan Merrill/FA 8/02/23 Digital Brands Group, Inc. S-1/A 4:3.6M Toppan Merrill/FA |