Item 1.01 Entry into a Material Definitive Agreement.

On August 5, 2020, (i) Christopher & Banks Company, a subsidiary of Christopher & Banks Corporation, entered into a secured vendor program agreement with ALCC (the "Program Agreement").

Under the Program Agreement, ALCC may purchase up to $10,000,000 of inventory from Christopher & Banks Company's vendors on behalf of Christopher & Banks Company (the "Inventory"). Christopher & Banks Company must pay ALCC for the Inventory either when Christopher & Banks Company sells the Inventory or 180 days after ALCC purchases the Inventory. Christopher & Banks Company must pay ALCC an origination fee on each purchase order, as described in the Program Agreement. Christopher & Banks Company is required to pay interest on any unsold Inventory at rates determined in the Program Agreement. The Program Agreement will remain in effect until August 3, 2023 unless terminated earlier in accordance with its terms.

The foregoing summary of the Program Agreement is qualified in its entirety by reference to the complete terms and conditions of the Program Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

Item 1.01 of this Current Report on Form 10-K is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.



(d)       Exhibits:
          10.1*   Secured Vendor Program Agreement, dated August 5, 2020, between
          Christopher & Banks Company and ALCC, LLC.

* Pursuant to Item 6.01(b)(2) of Regulation S-K exhibits and schedules are omitted. Christopher & Banks Corporation agrees to furnish supplementally a copy of any omitted schedule or exhibit to the Securities and Exchange Commission upon request.




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