On December 23, 2020, in connection with the consummation of the 363 Sale, Ascena Retail Group, Inc. entered into the Transition Services Agreement. As previously disclosed, AnnTaylor Loft GP Lux S.à r.l. and AnnTaylor Loft Borrower Lux SCS, each of which are wholly owned indirect subsidiaries of the Company, entered into a Conditional Assignment Agreement, dated July 23, 2020 (the “Conditional Assignment Agreement”), with Alter Domus (US) LLC, in its capacity as incremental collateral agent (the “Agent”) on behalf of the lenders under the Term Credit Agreement, dated as of August 21, 2015 (as amended, restated, supplemented or otherwise modified from time to time), among the Company, AnnTaylor Retail, Inc., the lenders party thereto and Goldman Sachs Bank USA, as administrative agent., which lenders include those who are party to the Restructuring Support Agreement with the Company and certain of its subsidiaries. On December 23, 2020, in connection with the consummation of the 363 Sale on such date, Dan Lamadrid resigned as Chief Financial Officer.