Preview | Security Agreement |

J. CREW OPERATING CORP.
J. CREW INC.
GRACE HOLMES, INC.
H.F.D. NO. 55, INC.
J. CREW INTERNATIONAL, INC.
and
J. CREW INTERMEDIATE LLC
as Grantors

TABLE OF CONTENTS

SECTION 1.		DEFINITIONS

SECTION 2.		GRANT AND PERFECTION OF SECURITY INTEREST

2.1		Grant of Security Interest

2.2		Perfection of Security Interests

SECTION 3.		POWER OF ATTORNEY

3.1		Power of Attorney of the J. Crew Companies

3.2		Power of Attorney of Intermediate

SECTION 4.		ADMINISTRATION

4.1		Collection of Accounts

SECTION 5.		REPRESENTATIONS AND WARRANTIES

5.1		Corporate Existence, Power and Authority

5.2		Name; State of Organization; Chief Executive Office; Collateral Locations

5.3		Priority of Liens; Title to Properties

5.4		Intellectual Property

5.5		Subsidiaries; Capitalization

5.6		Accuracy and Completeness of Information

5.7		Survival of Warranties; Cumulative

SECTION 6.		AFFIRMATIVE AND NEGATIVE COVENANTS

6.1		Maintenance of Existence

6.2		Records

6.3		Protection of Security

6.4		Taxes; Encumbrances

6.5		Continuing Obligations of the Grantors

6.6		Use and Disposition of Collateral

6.7		Limitation on Modification of Accounts

6.8		Insurance

6.9		Legend

6.10		Covenants Regarding the Intellectual Property Collateral

6.11		Costs and Expenses

6.12		Further Assurances

6.13		Additional Collateral

6.14		Right to Cure

6.15		Access to Premises

SECTION 7.		VOTING RIGHTS AND DIVIDENDS

7.1		Voting Rights

7.2		Dividends

7.3		Rights of the Collateral Agent

SECTION 8.		REMEDIES

8.1		Remedies Upon Default

8.2		Application of Proceeds

8.3		Compliance With Certain Requirements

SECTION 9.		JURY TRIAL WAIVER; OTHER WAIVERS AND CONSENTS; GOVERNING LAW

9.1		Governing Law; Choice of Forum; Service of Process; Jury Trial Waiver

9.2		Waiver of Notices

9.3		Amendments and Waivers

SECTION 10.		THE COLLATERAL AGENT