----

| ARTICLE I. DEFINITIONS AND INTERPRETATION | 2                                                                            |
|-------------------------------------------|------------------------------------------------------------------------------|
| Section 1.01                              | Definitions                                                                  | 2 |
| Section 1.02                              | Accounting Terms                                                             | 64 |
| Section 1.03                              | Interpretation, Etc.                                                         | 64 |
| Section 1.04                              | Exchange Rates; Currency Equivalents.                                        | 65 |
| Section 1.05                              | Dutch Terms                                                                  | 66 |
|                                      |                                                                         |   |
| ARTICLE II. LOANS AND LETTERS OF CREDIT   | 67                                                                           |
| Section 2.01                              | Term Loans                                                                   | 67 |
| Section 2.02                              | Revolving Loans                                                              | 69 |
| Section 2.03                              | Swing Line Loans                                                             | 73 |
| Section 2.04                              | Issuance of Letters of Credit and Purchase of Participations Therein         | 76 |
| Section 2.05                              | Pro Rata Shares; Availability of Funds; Affiliates                           | 84 |
| Section 2.06                              | Use of Proceeds                                                              | 85 |
| Section 2.07                              | Evidence of Debt; Register; Notes                                            | 85 |
| Section 2.08                              | Interest on Loans                                                            | 86 |
| Section 2.09                              | Conversion/Continuation                                                      | 89 |
| Section 2.10                              | Default Interest                                                             | 89 |
| Section 2.11                              | Fees                                                                         | 90 |
| Section 2.12                              | Scheduled Payments/Commitment Reductions                                     | 92 |
| Section 2.13                              | Voluntary Prepayments/Commitment Reductions                                  | 95 |
| Section 2.14                              | Mandatory Prepayments/Commitment Reductions                                  | 98 |
| Section 2.15                              | Application of Prepayments/Reductions; Application of Proceeds of Collateral | 100 |
| Section 2.16                              | General Provisions Regarding Payments                                        | 102 |
| Section 2.17                              | Ratable Sharing                                                              | 104 |
| Section 2.18                              | Making or Maintaining Eurocurrency Rate Loans                                | 104 |
| Section 2.19                              | Increased Costs; Capital Adequacy                                            | 106 |
| Section 2.20                              | Taxes; Withholding, Etc.                                                     | 107 |
| Section 2.21                              | Obligation to Mitigate                                                       | 110 |
| Section 2.22                              | Defaulting Lenders                                                           | 111 |
| Section 2.23                              | Removal or Replacement of a Lender                                           | 111 |
| Section 2.24                              | Incremental Facilities                                                       | 113 |
| Section 2.25                              | Appointment of Borrower Representative                                       | 115 |
| Section 2.26                              | Ancillary Facilities.                                                        | 115 |
|                                      |                                                                         |   |
| ARTICLE III. CONDITIONS PRECEDENT         | 119                                                                          |
| Section 3.01                              | Restatement Date                                                             | 119 |
| Section 3.02                              | Conditions to Each Credit Extension                                          | 123 |
|                                      |                                                                         |   |

----

| ARTICLE IV. REPRESENTATIONS AND WARRANTIES | 124                                                                         |
|--------------------------------------------|-----------------------------------------------------------------------------|
| Section 4.01                               | Organization; Structure Chart; Requisite Power and Authority; Qualification | 124 |
| Section 4.02                               | Equity Interests and Ownership                                              | 124 |
| Section 4.03                               | Due Authorization                                                           | 124 |
| Section 4.04                               | No Conflict                                                                 | 125 |
| Section 4.05                               | Governmental Consents                                                       | 125 |
| Section 4.06                               | Binding Obligation                                                          | 125 |
| Section 4.07                               | Historical Financial Statements                                             | 125 |
| Section 4.08                               | Projections                                                                 | 126 |
| Section 4.09                               | No Material Adverse Change                                                  | 126 |
| Section 4.10                               | Adverse Proceedings, Etc.                                                   | 126 |
| Section 4.11                               | Payment of Taxes                                                            | 126 |
| Section 4.12                               | Properties                                                                  | 127 |
| Section 4.13                               | Environmental Matters                                                       | 127 |
| Section 4.14                               | No Defaults                                                                 | 128 |
| Section 4.15                               | Governmental Regulation                                                     | 128 |
| Section 4.16                               | Margin Stock                                                                | 128 |
| Section 4.17                               | Employee Benefit Plans                                                      | 128 |
| Section 4.18                               | Solvency                                                                    | 129 |
| Section 4.19                               | Compliance with Statutes, Etc.                                              | 129 |
| Section 4.20                               | Disclosure                                                                  | 129 |
| Section 4.21                               | Intellectual Property                                                       | 130 |
| Section 4.22                               | Ranking; Security                                                           | 131 |
| Section 4.23                               | Centre of Main Interests and Establishments                                 | 132 |
| Section 4.24                               | Dutch Loan Parties                                                          | 132 |
| Section 4.25                               | Shares                                                                      | 132 |
|                                       |                                                                        |   |
| ARTICLE V. AFFIRMATIVE COVENANTS           | 132                                                                         |
| Section 5.01                               | Financial Statements and Other Reports                                      | 133 |
| Section 5.02                               | Existence                                                                   | 137 |
| Section 5.03                               | Payment of Taxes and Claims                                                 | 137 |
| Section 5.04                               | Maintenance of Properties                                                   | 137 |
| Section 5.05                               | Insurance                                                                   | 137 |
| Section 5.06                               | Books and Records; Inspections                                              | 138 |
| Section 5.07                               | Lenders’ Calls                                                        | 138 |
| Section 5.08                               | Compliance with Material Contractual Obligations and Laws                   | 138 |
| Section 5.09                               | Environmental                                                               | 138 |
| Section 5.10                               | Maintenance of Ratings.                                                     | 140 |
| Section 5.11                               | Intellectual Property                                                       | 140 |
| Section 5.12                               | Subsidiaries                                                                | 141 |
| Section 5.13                               | Additional Material Real Estate Assets                                      | 143 |
| Section 5.14                               | Additional Collateral                                                       | 144 |
| Section 5.15                               | Interest Rate Protection                                                    | 145 |
| Section 5.16                               | Further Assurances                                                          | 145 |
| Section 5.17                               | Foreign Bank Accounts and Cash held by Foreign Group Member                 | 145 |

----

| Section 5.18                    | Guarantor Coverage Test                                                       | 146    |
|---------------------------------|-------------------------------------------------------------------------------|--------|
|                            |                                                                          |   |
| ARTICLE VI. NEGATIVE COVENANTS  | 146                                                                           |
| Section 6.01                    | Indebtedness                                                                  | 147    |
| Section 6.02                    | Liens                                                                         | 150    |
| Section 6.03                    | Designation of Subsidiaries                                                   | 154    |
| Section 6.04                    | Restricted Payments                                                           | 155    |
| Section 6.05                    | Restrictions on Subsidiary Distributions; No Further Negative Pledges         | 157    |
| Section 6.06                    | Investments                                                                   | 158    |
| Section 6.07                    | Financial Covenants                                                           | 159    |
| Section 6.08                    | Fundamental Changes; Disposition of Assets; Acquisitions                      | 161    |
| Section 6.09                    | Disposal of Subsidiary Interests                                              | 163    |
| Section 6.10                    | Sales and Lease-Backs                                                         | 164    |
| Section 6.11                    | Transactions with Shareholders and Affiliates                                 | 164    |
| Section 6.12                    | Conduct of Business                                                           | 165    |
| Section 6.13                    | Amendments or Waivers of Organizational Documents and Certain Other Documents | 165    |
| Section 6.14                    | Fiscal Year                                                                   | 165    |
| Section 6.15                    | Centre of Main Interests and Establishments                                   | 166    |
| Section 6.16                    | Limitation in Relation to German Loan Parties                                 | 166    |
| Section 6.17                    | UK Defined Benefit Pension Plan                                               | 167    |
| Section 6.18                    | Financial Assistance                                                          | 167    |
|                            |                                                                          |   |
| ARTICLE VII. GUARANTY           | 167                                                                           |
| Section 7.01                    | Guaranty of the Obligations                                                   | 167    |
| Section 7.02                    | Limitation on Liability; Contribution by Guarantors                           | 168    |
| Section 7.03                    | Payment by Guarantors                                                         | 169    |
| Section 7.04                    | Liability of Guarantors Absolute                                              | 170    |
| Section 7.05                    | Waivers by Guarantors                                                         | 172    |
| Section 7.06                    | Guarantors’ Rights of Subrogation, Contribution, Etc.                   | 172    |
| Section 7.07                    | Subordination of Other Obligations                                            | 173    |
| Section 7.08                    | Continuing Guaranty                                                           | 175    |
| Section 7.09                    | Authority of Guarantors or the Borrowers                                      | 175    |
| Section 7.10                    | Financial Condition of the Borrowers                                          | 175    |
| Section 7.11                    | Bankruptcy, Etc.                                                              | 175    |
| Section 7.12                    | Discharge of Guaranty Upon Sale of Guarantor                                  | 176    |
| Section 7.13                    | German Guarantor Limitations.                                                 | 176    |
| Section 7.14                    | Dutch Guarantor Limitations                                                   | 179    |
| Section 7.15                    | Subordination of the Guaranteed Obligations                                   | 179    |
|                            |                                                                          |   |
| ARTICLE VIII. EVENTS OF DEFAULT | 179                                                                           |
| Section 8.01                    | Events of Default                                                             | 179    |
|                            |                                                                          |   |
| ARTICLE IX. AGENTS              | 183                                                                           |
| Section 9.01                    | Appointment of Agents                                                         | 183    |
| Section 9.02                    | Powers and Duties                                                             | 184    |

----

| Section 9.03             | General Immunity                                                           | 185    |
|--------------------------|----------------------------------------------------------------------------|--------|
| Section 9.04             | Agents Entitled to Act as Lender                                           | 187    |
| Section 9.05             | Lenders’ Representations, Warranties and Acknowledgment              | 187    |
| Section 9.06             | Right to Indemnity                                                         | 187    |
| Section 9.07             | Successor Administrative Agent, Collateral Agent and Swing Line Lender     | 188    |
| Section 9.08             | Security Documents and Guaranty                                            | 190    |
| Section 9.09             | Withholding Taxes                                                          | 192    |
| Section 9.10             | Administrative Agent May File Proofs of Claim                              | 192    |
| Section 9.11             | Administrative Agent’s “Know Your Customer” Requirements | 193    |
| Section 9.12             | German Collateral Agent                                                    | 193    |
| Section 9.13             | Certain Canadian Matters                                                   | 194    |
| Section 9.14             | Parallel Debt                                                              | 195    |
| .                        |                                                                       |   |
| ARTICLE X. MISCELLANEOUS | 197                                                                        |
| Section 10.01            | Notices                                                                    | 197    |
| Section 10.02            | Expenses                                                                   | 199    |
| Section 10.03            | Indemnity                                                                  | 200    |
| Section 10.04            | Set-Off                                                                    | 201    |
| Section 10.05            | Amendments and Waivers                                                     | 201    |
| Section 10.06            | Successors and Assigns; Participations                                     | 205    |
| Section 10.07            | Independence of Covenants, Etc                                             | 209    |
| Section 10.08            | Survival of Representations, Warranties and Agreements                     | 209    |
| Section 10.09            | No Waiver; Remedies Cumulative                                             | 209    |
| Section 10.10            | Marshalling; Payments Set Aside                                            | 210    |
| Section 10.11            | Severability                                                               | 210    |
| Section 10.12            | Obligations Several; Independent Nature of Lenders’ Rights           | 210    |
| Section 10.13            | Table of Contents and Headings                                             | 211    |
| Section 10.14            | APPLICABLE LAW                                                             | 211    |
| Section 10.15            | CONSENT TO JURISDICTION                                                    | 211    |
| Section 10.16            | WAIVER OF JURY TRIAL                                                       | 211    |
| Section 10.17            | Confidentiality                                                            | 212    |
| Section 10.18            | Usury Savings Clause                                                       | 213    |
| Section 10.19            | Counterparts                                                               | 213    |
| Section 10.20            | Effectiveness; Entire Agreement; No Third Party Beneficiaries              | 214    |
| Section 10.21            | PATRIOT Act                                                                | 214    |
| Section 10.22            | “Know Your Customer” Checks                                    | 214    |
| Section 10.23            | Electronic Execution of Assignments                                        | 215    |
| Section 10.24            | No Fiduciary Duty                                                          | 215    |
| Section 10.25            | Judgment Currency                                                          | 215    |
| Section 10.26            | Ancillary Borrowers                                                        | 216    |
| Section 10.27            | Amendment and Restatement                                                  | 216    |
| Section 10.28            | Reaffirmation of Guaranty.                                                 | 216    |
| Section 10.29            | Consent to U.S. Borrower Name Change                                       | 217    |

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| Leverage Ratio                   | Applicable Margin for U.S. Tranche A Term Loans and  U.S. Revolving Loans and Canadian Revolving Loans that are Eurocurrency Rate Loans | Applicable Margin for Foreign Tranche A Term Loans and Foreign Revolving Loans |
|----------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------|
| >2.50:1.00                    | 2.50%                                                                                                                                                  | 2.75%                                                                               |
| <2.50:1.00 >2.00:1.00 | 2.25%                                                                                                                                                  | 2.50%                                                                               |
| <2.00:1.00                    | 2.00%                                                                                                                                                  | 2.25%                                                                               |

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| Leverage Ratio                   | Applicable Revolving Commitment Fee Percentage for U.S. Revolving Loans and Canadian Revolving Loans | Applicable Revolving Commitment Fee Percentage for Foreign Revolving Loans |
|----------------------------------|------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------|
| >2.50:1.00                    | 0.75%                                                                                                | 1.10%                                                                      |
| <2.50:1.00 >2.00:1.00 | 0.50%                                                                                                | 1.00%                                                                      |
| <2.00:1.00                    | 0.50%                                                                                                | 0.90%                                                                      |

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|   | (A) | each Continuing U.S. Tranche A Lender severally agrees that the Original U.S. Tranche A Term Loans made by such Continuing Lender shall remain outstanding to the extent of (but not in excess of) such Continuing Lender’s U.S. Tranche A Term Loan Commitment on and after the Restatement Date as, and shall be deemed converted into, “U.S. Tranche A Term Loans” made pursuant to this Agreement, and such Continuing Lender’s Original U.S. Tranche A Term Loans shall to the extent so converted cease to exist as Original U.S. Tranche A Term Loans on the Restatement Date; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (B) | each Continuing Foreign Tranche A Lender severally agrees that the Original Foreign Tranche A Term Loans made by such Continuing Lender shall remain outstanding to the extent of (but not in excess of) such Continuing Lender’s Foreign Tranche A Term Loan Commitment on and after the Restatement Date as, and shall be deemed converted into, “Foreign Tranche A Term Loans” made pursuant to this Agreement, and such Continuing Lender’s Original Foreign Tranche A Term Loans shall to the extent so converted cease to exist as Original Foreign Tranche A Term Loans on the Restatement Date; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | (D) | each Continuing Foreign Tranche B Lender severally agrees that the Original Foreign Tranche B Term Loans made by such Continuing Lender shall remain outstanding to the extent of (but not in excess of) such Continuing Lender’s Foreign Tranche B Term Loan Commitment on and after the Restatement Date as, and shall be deemed converted into, “Foreign Tranche B Term Loans” made pursuant to this Agreement, and such Continuing Lender’s Original Foreign Tranche B Term Loans shall to the extent so converted cease to exist as Original Foreign Tranche B Term Loans on the Restatement Date. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (A) | a U.S. Tranche A Term Loan to the U.S. Borrower in an amount equal to such Lender’s U.S. Tranche A Term Loan Commitment; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------|

|   | (B) | a Foreign Tranche A Term Loan to the Foreign Borrower in an amount equal to such Lender’s Foreign Tranche A Term Loan Commitment; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------|

|   | (C) | a U.S. Tranche B Term Loan to the U.S. Borrower in an amount equal to such Lender’s U.S. Tranche B Term Loan Commitment; and |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------|

|   | (D) | a Foreign Tranche B Term Loan to the Foreign Borrower in an amount equal to such Lender’s Foreign Tranche B Term Loan Commitment. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------|

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|   | (A) | if a Base Rate Loan, at the Base Rate plus the Applicable Margin; |
|--------|-----|-------------------------------------------------------------------|

|   | (B) | if a Eurocurrency Rate Loan, at the Adjusted Eurocurrency Rate plus the Applicable Margin and plus Mandatory Costs, if any; or |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------|

|   | (C) | if a Canadian Prime Rate Loan, at the Canadian Prime Rate plus the Applicable Margin; |
|--------|-----|---------------------------------------------------------------------------------------|

|   | (A) | if a Base Rate Loan, at the Base Rate plus the Applicable Margin; or |
|--------|-----|----------------------------------------------------------------------|

|   | (B) | if a Eurocurrency Rate Loan, at the Adjusted Eurocurrency Rate plus the Applicable Margin and plus Mandatory Costs, if any. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------|

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| Amortization Date                            |   | U.S. Tranche A Term Loan Installments |       |
|----------------------------------------------|--------|--------------------------------------------|------------|
| June 30, 2011                                |   | $                                          | 8,000,000  |   |
| September 30, 2011                           |   | $                                          | 8,000,000  |   |
| December 31, 2011                            |   | $                                          | 8,000,000  |   |
| March 31, 2012                               |   | $                                          | 8,000,000  |   |
| June 30, 2012                                |   | $                                          | 16,000,000 |   |
| September 30, 2012                           |   | $                                          | 16,000,000 |   |
| December 31, 2012                            |   | $                                          | 16,000,000 |   |
| March 31, 2013                               |   | $                                          | 16,000,000 |   |
| June 30, 2013                                |   | $                                          | 24,000,000 |   |
| September 30, 2013                           |   | $                                          | 24,000,000 |   |
| December 31, 2013                            |   | $                                          | 24,000,000 |   |
| March 31, 2014                               |   | $                                          | 24,000,000 |   |
| June 30, 2014                                |   | $                                          | 40,000,000 |   |
| September 30, 2014                           |   | $                                          | 40,000,000 |   |
| December 31, 2014                            |   | $                                          | 40,000,000 |   |
| March 31, 2015                               |   | $                                          | 40,000,000 |   |
| June 30, 2015                                |   | $                                          | 72,000,000 |   |
| September 30, 2015                           |   | $                                          | 72,000,000 |   |
| December 31, 2015                            |   | $                                          | 72,000,000 |   |
| Tranche A Term Loan  Maturity Date |   | Remainder                                  |       |
|                                         |   |                                       |       |

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| Amortization Date                 | Foreign Tranche A Term Loan Installments |
|-----------------------------------|------------------------------------------|
| June 30, 2011                     | €1,084,471.76                      |
| September 30, 2011                | €1,084,471.76                      |
| December 31, 2011                 | €1,084,471.76                      |
| March 31, 2012                    | €1,084,471.76                      |
| June 30, 2012                     | €2,168,943.53                      |
| September 30, 2012                | €2,168,943.53                      |
| December 31, 2012                 | €2,168,943.53                      |
| March 31, 2013                    | €2,168,943.53                      |
| June 30, 2013                     | €3,253,415.29                      |
| September 30, 2013                | €3,253,415.29                      |
| December 31, 2013                 | €3,253,415.29                      |
| March 31, 2014                    | €3,253,415.29                      |
| June 30, 2014                     | €5,422,358.81                      |
| September 30, 2014                | €5,422,358.81                      |
| December 31, 2014                 | €5,422,358.81                      |
| March 31, 2015                    | €5,422,358.81                      |
| June 30, 2015                     | €9,760,245.86                      |
| September 30, 2015                | €9,760,245.86                      |
| December 31, 2015                 | €9,760,245.86                      |
| Tranche A Term Loan Maturity Date | Remainder                                |

| Amortization Date                 |   | U.S. Tranche B Term Loan Installments |      |
|-----------------------------------|--------|---------------------------------------|-----------|
| June 30, 2011                     |   | $                                     | 1,000,000 |   |
| September 30, 2011                |   | $                                     | 1,000,000 |   |
| December 31, 2011                 |   | $                                     | 1,000,000 |   |
| March 31, 2012                    |   | $                                     | 1,000,000 |   |
| June 30, 2012                     |   | $                                     | 1,000,000 |   |
| September 30, 2012                |   | $                                     | 1,000,000 |   |
| December 31, 2012                 |   | $                                     | 1,000,000 |   |
| March 31, 2013                    |   | $                                     | 1,000,000 |   |
| June 30, 2013                     |   | $                                     | 1,000,000 |   |
| September 30, 2013                |   | $                                     | 1,000,000 |   |
| December 31, 2013                 |   | $                                     | 1,000,000 |   |
| March 31, 2014                    |   | $                                     | 1,000,000 |   |
| June 30, 2014                     |   | $                                     | 1,000,000 |   |
| September 30, 2014                |   | $                                     | 1,000,000 |   |
| December 31, 2014                 |   | $                                     | 1,000,000 |   |
| March 31, 2015                    |   | $                                     | 1,000,000 |   |
| June 30, 2015                     |   | $                                     | 1,000,000 |   |
| September 30, 2015                |   | $                                     | 1,000,000 |   |
| December 30, 2015                 |   | $                                     | 1,000,000 |   |
| March 31, 2016                    |   | $                                     | 1,000,000 |   |
| Tranche B Term Loan Maturity Date |   | Remainder                             |      |

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| Amortization Date                 | Foreign Tranche B Term Loan Installments |
|-----------------------------------|------------------------------------------|
| June 30, 2011                     | €650,683.06                        |
| September 30, 2011                | €650,683.06                        |
| December 31, 2011                 | €650,683.06                        |
| March 31, 2012                    | €650,683.06                        |
| June 30, 2012                     | €650,683.06                        |
| September 30, 2012                | €650,683.06                        |
| December 31, 2012                 | €650,683.06                        |
| March 31, 2013                    | €650,683.06                        |
| June 30, 2013                     | €650,683.06                        |
| September 30, 2013                | €650,683.06                        |
| December 31, 2013                 | €650,683.06                        |
| March 31, 2014                    | €650,683.06                        |
| June 30, 2014                     | €650,683.06                        |
| September 30, 2014                | €650,683.06                        |
| December 31, 2014                 | €650,683.06                        |
| March 31, 2015                    | €650,683.06                        |
| June 30, 2015                     | €650,683.06                        |
| September 30, 2015                | €650,683.06                        |
| December 30, 2015                 | €650,683.06                        |
| March 31, 2016                    | €650,683.06                        |
| Tranche B Term Loan Maturity Date | Remainder                                |

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| Fiscal Quarter          | Interest Coverage Ratio |
|-------------------------|-------------------------|
| FQ4 2010                | 3.00:1.00               |
| FQ1 2011                | 3.00:1.00               |
| FQ2 2011                | 3.00:1.00               |
| FQ3 2011                | 3.00:1.00               |
| FQ4 2011                | 3.00:1.00               |
| FQ1 2012                | 3.50:1.00               |
| FQ2 2012                | 3.50:1.00               |
| FQ3 2012                | 3.50:1.00               |
| FQ4 2012                | 3.50:1.00               |
| FQ1 2013                | 3.75:1.00               |
| FQ2 2013                | 3.75:1.00               |
| FQ3 2013                | 3.75:1.00               |
| FQ4 2013                | 3.75:1.00               |
| FQ1 2014                | 4.00:1.00               |
| FQ2 2014                | 4.00:1.00               |
| FQ3 2014                | 4.00:1.00               |
| FQ4 2014                | 4.00:1.00               |
| FQ1 2015 and thereafter | 4.50:1.00               |

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| Fiscal Quarter         | Leverage Ratio |
|------------------------|----------------|
| FQ4 2010               | 4.90:1.00      |
| FQ1 2011               | 4.75:1.00      |
| FQ2 2011               | 4.75:1.00      |
| FQ3 2011               | 4.75:1.00      |
| FQ4 2011               | 4.75:1.00      |
| FQ1 2012               | 4.00:1.00      |
| FQ2 2012               | 4.00:1.00      |
| FQ3 2012               | 4.00:1.00      |
| FQ4 2012               | 4.00:1.00      |
| FQ1 2013               | 3.50:1.00      |
| FQ2 2013               | 3.50:1.00      |
| FQ3 2013               | 3.50:1.00      |
| FQ4 2013               | 3.50:1.00      |
| FQ1 2014and thereafter | 3.00:1.00      |

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| Fiscal Year |   | Consolidated Capital Expenditures |        |
|-------------|--------|-----------------------------------|-------------|
| 2010        |   | $                                 | 215,000,000 |   |
| 2011        |   | $                                 | 220,000,000 |   |
| 2012        |   | $                                 | 210,000,000 |   |
| 2013        |   | $                                 | 240,000,000 |   |
| 2014        |   | $                                 | 250,000,000 |   |
| 2015        |   | $                                 | 270,000,000 |   |
| 2016        |   | $                                 | 280,000,000 |   |

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----

----

----

----

----

|   | By: | /s/ Mark D. Fischer |   |
|--------|-----|---------------------|--------|

|   | Name:  Mark D. Fischer |
|--------|----------------------------------|

|   | Title:  Senior Vice President |
|--------|-----------------------------------------|

|   | By: | /s/ T. Gehring |   |
|--------|-----|----------------|--------|

|   | Name:  T. Gehring |
|--------|-----------------------------|

|   | Title:  Director |
|--------|----------------------------|

|   | By: | /s/ L.R. Onnink |   |
|--------|-----|-----------------|--------|

|   | Name:  L.R. Onnink |
|--------|------------------------------|

|   | Title:  Director |
|--------|----------------------------|

----

|   | Guarantors: |
|--------|-------------|

|   | PVH PUERTO RICO, INC. |
|--------|-----------------------|

|   | By: | /s/ Mark D. Fischer |   |
|--------|-----|---------------------|--------|

|   | Name:  Mark D. Fischer |
|--------|----------------------------------|

|   | Title:  Senior Vice President |
|--------|-----------------------------------------|

|   | By: | /s/ Mark D. Fischer |   |
|--------|-----|---------------------|--------|

|   | Name:  Mark D. Fischer |
|--------|----------------------------------|

|   | Title:  Senior Vice President |
|--------|-----------------------------------------|

|   | BASSNET, INC. |
|--------|---------------|

|   | By: | /s/ Mark D. Fischer |   |
|--------|-----|---------------------|--------|

|   | Name:  Mark D. Fischer |
|--------|----------------------------------|

|   | Title:  Senior Vice President |
|--------|-----------------------------------------|

|   | By: | /s/ Mark D. Fischer |   |
|--------|-----|---------------------|--------|

|   | Name:  Mark D. Fischer |
|--------|----------------------------------|

|   | Title:  Senior Vice President |
|--------|-----------------------------------------|

|   | By: | /s/ Mark D. Fischer |   |
|--------|-----|---------------------|--------|

|   | Name:  Mark D. Fischer |
|--------|----------------------------------|

|   | Title:  Senior Vice President |
|--------|-----------------------------------------|

----

|   | PVH WHOLESALE CORP. |
|--------|---------------------|

|   | By: | /s/ Mark D. Fischer |   |
|--------|-----|---------------------|--------|

|   | Name:  Mark D. Fischer |
|--------|----------------------------------|

|   | Title:  Senior Vice President |
|--------|-----------------------------------------|

|   | By: | /s/ Mark D. Fischer |   |
|--------|-----|---------------------|--------|

|   | Name:  Mark D. Fischer |
|--------|----------------------------------|

|   | Title:  Senior Vice President |
|--------|-----------------------------------------|

|   | By: | /s/ Mark D. Fischer |   |
|--------|-----|---------------------|--------|

|   | Name:  Mark D. Fischer |
|--------|----------------------------------|

|   | Title:  Senior Vice President |
|--------|-----------------------------------------|

|   | By: | /s/ Mark D. Fischer |   |
|--------|-----|---------------------|--------|

|   | Name:  Mark D. Fischer |
|--------|----------------------------------|

|   | Title:  Senior Vice President |
|--------|-----------------------------------------|

|   | By: | /s/ Mark D. Fischer |   |
|--------|-----|---------------------|--------|

|   | Name:  Mark D. Fischer |
|--------|----------------------------------|

|   | Title:  Senior Vice President |
|--------|-----------------------------------------|

----

|   | CLUETT PEABODY RESOURCES CORPORATION |
|--------|--------------------------------------|

|   | By: | /s/ Mark D. Fischer |   |
|--------|-----|---------------------|--------|

|   | Name:  Mark D. Fischer |
|--------|----------------------------------|

|   | Title:  Senior Vice President |
|--------|-----------------------------------------|

|   | By: | /s/ Mark D. Fischer |   |
|--------|-----|---------------------|--------|

|   | Name:  Mark D. Fischer |
|--------|----------------------------------|

|   | Title:  Senior Vice President |
|--------|-----------------------------------------|

|   | By: | /s/ Mark D. Fischer |   |
|--------|-----|---------------------|--------|

|   | Name:  Mark D. Fischer |
|--------|----------------------------------|

|   | Title:  Senior Vice President |
|--------|-----------------------------------------|

|   | By: | /s/ Mark D. Fischer |   |
|--------|-----|---------------------|--------|

|   | Name:  Mark D. Fischer |
|--------|----------------------------------|

|   | Title:  Senior Vice President |
|--------|-----------------------------------------|

|   | By: | /s/ Mark D. Fischer |   |
|--------|-----|---------------------|--------|

|   | Name:  Mark D. Fischer |
|--------|----------------------------------|

|   | Title:  Senior Vice President |
|--------|-----------------------------------------|

----

|   | By: | /s/ Mark D. Fischer |   |
|--------|-----|---------------------|--------|

|   | Name:  Mark D. Fischer |
|--------|----------------------------------|

|   | Title:  Senior Vice President |
|--------|-----------------------------------------|

|   | By: | /s/ Mark D. Fischer |   |
|--------|-----|---------------------|--------|

|   | Name:  Mark D. Fischer |
|--------|----------------------------------|

|   | Title:  Senior Vice President |
|--------|-----------------------------------------|

|   | By: | /s/ Mark D. Fischer |   |
|--------|-----|---------------------|--------|

|   | Name:  Mark D. Fischer |
|--------|----------------------------------|

|   | Title:  Senior Vice President |
|--------|-----------------------------------------|

|   | By: | /s/ Mark D. Fischer |   |
|--------|-----|---------------------|--------|

|   | Name:  Mark D. Fischer |
|--------|----------------------------------|

|   | Title:  Senior Vice President |
|--------|-----------------------------------------|

|   | By: | /s/ Mark D. Fischer |   |
|--------|-----|---------------------|--------|

|   | Name:  Mark D. Fischer |
|--------|----------------------------------|

|   | Title:  Senior Vice President |
|--------|-----------------------------------------|

----

|   | By: | /s/ Mark D. Fischer |   |
|--------|-----|---------------------|--------|

|   | Name:  Mark D. Fischer |
|--------|----------------------------------|

|   | Title:  Senior Vice President |
|--------|-----------------------------------------|

|   | By: | /s/ Mark D. Fischer |   |
|--------|-----|---------------------|--------|

|   | Name:  Mark D. Fischer |
|--------|----------------------------------|

|   | Title:  Authorized Representative |
|--------|---------------------------------------------|

|   | By: | /s/ Mark D. Fischer |   |
|--------|-----|---------------------|--------|

|   | Name:  Mark D. Fischer |
|--------|----------------------------------|

|   | Title:  Senior Vice President |
|--------|-----------------------------------------|

|   | By: | /s/ Mark D. Fischer |   |
|--------|-----|---------------------|--------|

|   | Name:  Mark D. Fischer |
|--------|----------------------------------|

|   | Title:  Senior Vice President |
|--------|-----------------------------------------|

----

|   | By: | /s/ Michael A. Shaffer |   |
|--------|-----|------------------------|--------|

|   | Name:  Michael A. Shaffer |
|--------|-------------------------------------|

|   | Title:  Executive Vice President |
|--------|--------------------------------------------|

----

|   | By: | /s/ Oliver Timm |   |
|--------|-----|-----------------|--------|

|   | Name:  Oliver Timm |
|--------|------------------------------|

|   | Title:  Managing Director |
|--------|-------------------------------------|

|   | By: | /s/ Martin Geest |   |
|--------|-----|------------------|--------|

|   | Name:  Martin Geest |
|--------|-------------------------------|

|   | Title: Proxy Holder |
|--------|---------------------|

|   | By: | /s/ D. H. Grieder |   |
|--------|-----|-------------------|--------|

|   | Name:  D. H. Grieder |
|--------|--------------------------------|

|   | Title: |
|--------|--------|

|   | By: | /s/ Oliver Timm |   |
|--------|-----|-----------------|--------|

|   | Name:  Oliver Timm |
|--------|------------------------------|

|   | Title:  Managing Director |
|--------|-------------------------------------|

|   | By: | /s/ Martin Geest |   |
|--------|-----|------------------|--------|

|   | Name:  Martin Geest |
|--------|-------------------------------|

|   | Title: Proxy Holder |
|--------|---------------------|

|   | By: | /s/ D. H. Grieder |   |
|--------|-----|-------------------|--------|

|   | Name:  D. H. Grieder |
|--------|--------------------------------|

|   | Title: |
|--------|--------|

----

|   | By: | /s/ Oliver Timm |   |
|--------|-----|-----------------|--------|

|   | Name:  Oliver Timm |
|--------|------------------------------|

|   | Title:  Managing Director |
|--------|-------------------------------------|

|   | By: | /s/ Martin Geest |   |
|--------|-----|------------------|--------|

|   | Name:  Martin Geest |
|--------|-------------------------------|

|   | Title: Proxy Holder |
|--------|---------------------|

|   | By: | /s/ D. H. Grieder |   |
|--------|-----|-------------------|--------|

|   | Name:  D. H. Grieder |
|--------|--------------------------------|

|   | Title: |
|--------|--------|

|   | By: | /s/ Oliver Timm |   |
|--------|-----|-----------------|--------|

|   | Name:  Oliver Timm |
|--------|------------------------------|

|   | Title:  Managing Director |
|--------|-------------------------------------|

|   | By: | /s/ Martin Geest |   |
|--------|-----|------------------|--------|

|   | Name:  Martin Geest |
|--------|-------------------------------|

|   | Title: Proxy Holder |
|--------|---------------------|

|   | By: | /s/ D. H. Grieder |   |
|--------|-----|-------------------|--------|

|   | Name:  D. H. Grieder |
|--------|--------------------------------|

|   | Title: |
|--------|--------|

|   | By: | /s/ Oliver Timm |   |
|--------|-----|-----------------|--------|

|   | Name:  Oliver Timm |
|--------|------------------------------|

|   | Title:  Managing Director |
|--------|-------------------------------------|

|   | By: | /s/ Martin Geest |   |
|--------|-----|------------------|--------|

|   | Name:  Martin Geest |
|--------|-------------------------------|

|   | Title: Proxy Holder |
|--------|---------------------|

----

|   | PRINCE 1 B.V. |
|--------|---------------|

|   | By: | /s/ T. Gehring |   |
|--------|-----|----------------|--------|

|   | Name:  T. Gehring |
|--------|-----------------------------|

|   | Title:  Director |
|--------|----------------------------|

|   | By: | /s/ L.R. Onnink |   |
|--------|-----|-----------------|--------|

|   | Name:  L.R. Onnink |
|--------|------------------------------|

|   | Title:  Director |
|--------|----------------------------|

|   | By: | /s/ T. Gehring |   |
|--------|-----|----------------|--------|

|   | Name:  T. Gehring |
|--------|-----------------------------|

|   | Title:  Director |
|--------|----------------------------|

|   | By: | /s/ L.R. Onnink |   |
|--------|-----|-----------------|--------|

|   | Name:  L.R. Onnink |
|--------|------------------------------|

|   | Title:  Director |
|--------|----------------------------|

|   | By: | /s/ T. Gehring |   |
|--------|-----|----------------|--------|

|   | Name:  T. Gehring |
|--------|-----------------------------|

|   | Title:  Director |
|--------|----------------------------|

|   | By: | /s/ L.R. Onnink |   |
|--------|-----|-----------------|--------|

|   | Name:  L.R. Onnink |
|--------|------------------------------|

|   | Title:  Director |
|--------|----------------------------|

----

|   | By: | /s/ T. Gehring |   |
|--------|-----|----------------|--------|

|   | Name:  T. Gehring |
|--------|-----------------------------|

|   | Title:  Director |
|--------|----------------------------|

|   | By: | /s/ L.R. Onnink |   |
|--------|-----|-----------------|--------|

|   | Name:  L.R. Onnink |
|--------|------------------------------|

|   | Title:  Director |
|--------|----------------------------|

|   | By: | /s/ T. Gehring |   |
|--------|-----|----------------|--------|

|   | Name:  T. Gehring |
|--------|-----------------------------|

|   | Title:  Director |
|--------|----------------------------|

|   | By: | /s/ L.R. Onnink |   |
|--------|-----|-----------------|--------|

|   | Name:  L.R. Onnink |
|--------|------------------------------|

|   | Title:  Director |
|--------|----------------------------|

----

|   | By: | /s/ Diane Rolfe |   |
|--------|-----|-----------------|--------|

|   | Name:  Diane Rolfe |
|--------|------------------------------|

|   | Title:  Director |
|--------|----------------------------|

----

|   | By: | /s/ Thomas Kainamura |   |
|--------|-----|----------------------|--------|

|   | Name:  Thomas Kainamura |
|--------|-----------------------------------|

|   | Title:  VP, Bank of America, N.A. |
|--------|---------------------------------------------|

----

|   | By: | /s/ Maurice E. Fry |   |
|--------|-----|--------------------|--------|

|   | Name:  Maurice E. Fry |
|--------|---------------------------------|

|   | Title:  Senior Commercial Loan Officer, SVP |
|--------|-------------------------------------------------------|

----

|   | By: | /s/ Yasuhiko Imai |   |
|--------|-----|-------------------|--------|

|   | Name:  Yasuhiko Imai |
|--------|--------------------------------|

|   | Title: Group Head |
|--------|-------------------|

----

|   | By: | /s/ Ramon Garcia |   |
|--------|-----|------------------|--------|

|   | Name:  Ramon Garcia |
|--------|-------------------------------|

|   | Title: Vice President |
|--------|-----------------------|

----

|   | By: | /s/ Joung Hee Hong |   |
|--------|-----|--------------------|--------|

|   | Name:  Joung Hee Hong |
|--------|---------------------------------|

|   | Title: First Vice President |
|--------|-----------------------------|

----

|   | By: | /s/ Edward M. Tessalone |   |
|--------|-----|-------------------------|--------|

|   | Name:  Edward M. Tessalone |
|--------|--------------------------------------|

|   | Title: Senior Vice President, PNC Bank, N.A. |
|--------|----------------------------------------------|

----

|   | By: | /s/ Michael Madnick |   |
|--------|-----|---------------------|--------|

|   | Name:  Michael Madnick |
|--------|----------------------------------|

|   | Title: Managing Director |
|--------|--------------------------|

|   | By: | /s/ Yuri Muzichenko |   |
|--------|-----|---------------------|--------|

|   | Name:  Yuri Muzichenko |
|--------|----------------------------------|

|   | Title: Director |
|--------|-----------------|

----

|   | By: | /s/ David Leland |   |
|--------|-----|------------------|--------|

|   | Name:  David Leland |
|--------|-------------------------------|

|   | Title: Vice President |
|--------|-----------------------|

----

|   | By: | /s/ Juan Flores |   |
|--------|-----|-----------------|--------|

|   | Name:  Juan Flores |
|--------|------------------------------|

|   | Title: Authorized Signatory |
|--------|-----------------------------|

----

|   | By: | /s/ C. Sreenivasulu Setty |   |
|--------|-----|---------------------------|--------|

|   | Name:  C. Sreenivasulu Setty |
|--------|----------------------------------------|

|   | Title: VP & Head (Syndications) |
|--------|-------------------------------------|

----

|   | By: | /s/ Brian Gingue |   |
|--------|-----|------------------|--------|

|   | Name:  Brian Gingue |
|--------|-------------------------------|

|   | Title: Vice President |
|--------|-----------------------|

----

|   | By: | /s/ Ken Jameson |   |
|--------|-----|-----------------|--------|

|   | Name:  Ken Jameson |
|--------|------------------------------|

|   | Title: Managing Director |
|--------|--------------------------|

----

|   | By: | /s/ Henry Leu |   |
|--------|-----|---------------|--------|

|   | Name:  Henry Leu |
|--------|----------------------------|

|   | Title: SVP & General Manager |
|--------|----------------------------------|

----

|   | By: | /s/ Eoin Roche |   |
|--------|-----|----------------|--------|

|   | Name:  Eoin Roche |
|--------|-----------------------------|

|   | Title: Executive Director |
|--------|---------------------------|

|   | By: | /s/ Dominic Sorresso |   |
|--------|-----|----------------------|--------|

|   | Name:  Dominic Sorresso |
|--------|-----------------------------------|

|   | Title: Executive Director |
|--------|---------------------------|

----

|   | By: | /s/ Nupur Kumar |   |
|--------|-----|-----------------|--------|

|   | Name:  Nupur Kumar |
|--------|------------------------------|

|   | Title: Vice President |
|--------|-----------------------|

|   | By: | /s/ Kevin Buddhdew |   |
|--------|-----|--------------------|--------|

|   | Name:  Kevin Buddhdew |
|--------|---------------------------------|

|   | Title: Associate |
|--------|------------------|

----

|   | By: | /s/ Barrett D. Bencivenga |   |
|--------|-----|---------------------------|--------|

|   | Name:  Barrett D. Bencivenga |
|--------|----------------------------------------|

|   | Title: Senior Vice President |
|--------|------------------------------|

----

|   | By: | /s/ Malia Baynes |   |
|--------|-----|------------------|--------|

|   | Name:  Malia Baynes |
|--------|-------------------------------|

|   | Title: Attorney-in-Fact |
|--------|-------------------------|

----

|   | By: | /s/ James McWalters |   |
|--------|-----|---------------------|--------|

|   | Name:  James McWalters |
|--------|----------------------------------|

|   | Title: General Manager |
|--------|------------------------|

----

|   | By: | /s/ Dirk Spangenberg |   |
|--------|-----|----------------------|--------|

|   | Name:  Dirk Spangenberg |
|--------|-----------------------------------|

|   | Title: Vice President |
|--------|-----------------------|

----

|   | By: | /s/ Alastair Brown |   |
|--------|-----|--------------------|--------|

|   | Name:  Alastair Brown |
|--------|---------------------------------|

|   | Title: Attorney |
|--------|-----------------|

----

|   | By: | /s/ Alexander L. Rody |   |
|--------|-----|-----------------------|--------|

|   | Name:  Alexander L. Rody |
|--------|------------------------------------|

|   | Title: Senior Vice President |
|--------|------------------------------|

----

|   | By: | /s/ Brian O’ Leary |   |
|--------|-----|--------------------------|--------|

|   | Name:  Brian O’Leary |
|--------|--------------------------------------|

|   | Title: Managing Director |
|--------|--------------------------|

|   | By: | /s/ Marcus Edward |   |
|--------|-----|-------------------|--------|

|   | Name:  Marcus Edward |
|--------|--------------------------------|

|   | Title: Managing Director |
|--------|--------------------------|

----

|   | By: | /s/ David Mahmood |   |
|--------|-----|-------------------|--------|

|   | Name:  David Mahmood |
|--------|--------------------------------|

|   | Title: Managing Director |
|--------|--------------------------|

----

|   | By: | /s/ Mary Kay Coyle |   |
|--------|-----|--------------------|--------|

|   | Name:  Mary Kay Coyle |
|--------|---------------------------------|

|   | Title: Managing Director |
|--------|--------------------------|

|   | By: | /s/ Paul O’Leary |   |
|--------|-----|------------------------|--------|

|   | Name:  Paul O’Leary |
|--------|-------------------------------------|

|   | Title: Managing Director |
|--------|--------------------------|

----

|   | By: | /s/ M. Grisel Vega |   |
|--------|-----|--------------------|--------|

|   | Name:  M. Grisel Vega |
|--------|---------------------------------|

|   | Title: General Manager |
|--------|------------------------|

----

|   | By: | /s/ Marla Willner |   |
|--------|-----|-------------------|--------|

|   | Name:  Marla Willner |
|--------|--------------------------------|

|   | Title: SVP |
|--------|------------|

----

|   | By: | /s/ Nancy Moore |   |
|--------|-----|-----------------|--------|

|   | Name:  Nancy Moore |
|--------|------------------------------|

|   | Title: Senior Vice President |
|--------|------------------------------|

----

|   | By: | /s/ Michael Vegh |   |
|--------|-----|------------------|--------|

|   | Name:  Michael Vegh |
|--------|-------------------------------|

|   | Title: Director |
|--------|-----------------|

----

|   | By: | /s/ H. Thind |   |
|--------|-----|--------------|--------|

|   | Name:  H. Thind |
|--------|---------------------------|

|   | Title: Director |
|--------|-----------------|

----

|   | By: | /s/ Charles Stewart |   |
|--------|-----|---------------------|--------|

|   | Name:  Charles Stewart |
|--------|----------------------------------|

|   | Title: Authorized Signatory |
|--------|-----------------------------|

----

|   | By: | /s/ William Smith |   |
|--------|-----|-------------------|--------|

|   | Name:  William Smith |
|--------|--------------------------------|

|   | Title: Deputy General Manager |
|--------|-------------------------------|

----

|   | By: | /s/ Matthew Bruno |   |
|--------|-----|-------------------|--------|

|   | Name:  Matthew Bruno |
|--------|--------------------------------|

|   | Title: AVP – MMK Lender |
|--------|-------------------------------|

|   | By: | /s/ Gary Ladolcetta |   |
|--------|-----|---------------------|--------|

|   | Name:  Gary Ladolcetta |
|--------|----------------------------------|

|   | Title: EVP |
|--------|------------|

----

|   | By: | /s/ James R. Fayen |   |
|--------|-----|--------------------|--------|

|   | Name:  James R. Fayen |
|--------|---------------------------------|

|   | Title: Deputy General Manager |
|--------|-------------------------------|

----

|   | By: | /s/ James A. Knight |   |
|--------|-----|---------------------|--------|

|   | Name:  James A. Knight |
|--------|----------------------------------|

|   | Title: Vice President |
|--------|-----------------------|

----

|   | By: | /s/ Manuel Nuñez Fernandez |   |
|--------|-----|---------------------------------|--------|

|   | Name:  Manuel Nuñez Fernandez |
|--------|----------------------------------------------|

|   | Title: General Manager |
|--------|------------------------|

|   | By: | /s/ José Cueto |   |
|--------|-----|---------------------|--------|

|   | Name:  José Cueto |
|--------|----------------------------------|

|   | Title: Senior Vice President |
|--------|------------------------------|

----

|   | By: | /s/ Paul Dellova |   |
|--------|-----|------------------|--------|

|   | Name:  Paul Dellova |
|--------|-------------------------------|

|   | Title: SVP |
|--------|------------|

----

|   | By: | /s/ Andy Hsu |   |
|--------|-----|--------------|--------|

|   | Name:  Andy Hsu |
|--------|---------------------------|

|   | Title: Assistant General Manager |
|--------|----------------------------------|

----

|   | By: | /s/ Esther Lairus |   |
|--------|-----|-------------------|--------|

|   | Name:  Esther Lairus |
|--------|--------------------------------|

|   | Title: First Vice President |
|--------|-----------------------------|

|   | By: | /s/ George Commander |   |
|--------|-----|----------------------|--------|

|   | Name:  George Commander |
|--------|-----------------------------------|

|   | Title: Senior Vice President |
|--------|------------------------------|

----

|   | By: | /s/ Arlene S. Pedovitch |   |
|--------|-----|-------------------------|--------|

|   | Name:  Arlene S. Pedovitch |
|--------|--------------------------------------|

|   | Title: Senior Vice President |
|--------|------------------------------|

----

|   | By: | /s/ R.G.A. Beerbaum |   |
|--------|-----|---------------------|--------|

|   | Name:  R.G.A. Beerbaum |
|--------|----------------------------------|

|   | Title: Executive Director |
|--------|---------------------------|

|   | By: | /s/ D. L. Graaff |   |
|--------|-----|------------------|--------|

|   | Name:  D. L. Graaff |
|--------|-------------------------------|

|   | Title: Associate Director |
|--------|---------------------------|

----

|   | By: | /s/ John Kerr |   |
|--------|-----|---------------|--------|

|   | Name:  John Kerr |
|--------|----------------------------|

|   | Title: DGM |
|--------|------------|

|   | By: | /s/ Jinlei Xu |   |
|--------|-----|---------------|--------|

|   | Name:  Jinlei Xu |
|--------|----------------------------|

|   | Title: MD |
|--------|-----------|

----

----

----

----

----

----

----

----

----

----

| The Principles:                           | The guarantees and security to be provided in support of the Foreign Tranche A Term Loans, the Foreign Tranche B Term Loans and the Foreign Revolving Commitments will be given in accordance with the agreed security principles set out in this Schedule 1.01(e).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|-------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Potential restrictions on credit support: | The Agreed Security Principles recognize there may be legal and practical difficulties in obtaining security from the Foreign Borrower and Foreign Guarantors (the “Foreign Obligors”) in every jurisdiction in which Foreign Obligors are incorporated or operate.  In particular:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|                                      | (a)            general statutory limitations, financial assistance, corporate benefit, fraudulent preference, thin capitalization rules, retention of title claims and similar principles may limit the ability of a Foreign Obligor to provide a guarantee or grant security or may require that its guarantee be limited in amount or scope.  The U.S. Borrower will use commercially reasonable efforts to assist in demonstrating that adequate corporate benefit accrues to the Foreign Borrower and each Foreign Obligor;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|                                      | (b)           the guarantees and collateral (and extent of its perfection) shall exclude such guarantees and collateral as to which the parties shall reasonably determine that the costs of obtaining such guarantees and collateral are excessive in relation to the value of the guarantee and collateral to be afforded thereby); and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|                                      | (c)         Foreign Obligors will not be required to give guarantees or enter into Security Documents if doing so would conflict with the fiduciary duties of their directors or contravene any legal prohibition or result in a material risk of personal or criminal liability on the part of any officer, provided that each Foreign Obligor must use commercially reasonable efforts to overcome any such obstacle, and provided further that if a Foreign Guarantor can give a limited guarantee, it will grant such a limited guarantee.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| Guarantees:                               | To the extent legally permitted and subject to paragraphs (a), (b) and (c) above, each guarantee and security will be an upstream, cross-stream and downstream guarantee and each guarantee and security will be for all liabilities of the Foreign Obligors under the Loan Documents.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| Security Perfection:                      | Perfection of security (when required) and other legal formalities will be completed as soon as practicable and, in any event, within the time periods specified by applicable law or, if earlier, the applicable Loan Document in order to ensure due perfection.  Perfection of security will not be required if it would have a material adverse effect on the ability of the relevant Foreign Obligor to conduct its operations and business in the ordinary course as permitted by the Loan Documents.  No notice of receivables security may be given to third party debtors until an Event of Default has occurred (and for so long as it is continuing) unless such notice is required to perfect the security.  Notification of any Lien over insurance policies will be given (subject to local law advice) to the relevant insurer without undue delay.  The Collateral Agent may register security interests in Intellectual Property provided such registration does not interfere with the business of the Foreign Subsidiaries. |
| Security Enforcement:                     | The Security Documents and other Loan Documents will allow the Lenders to enforce their Lien without any restriction from (i) the constitutional documents of the relevant Foreign Obligor, (ii) any company which is or whose assets are the subject of such Security Document (but subject to any inalienable statutory rights which the Borrowers may have to challenge such enforcement) or (iii) any shareholders of the foregoing not party to the relevant Security Document.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Terms of Security Documents:              | The following principles will be reflected in the terms of any Lien taken as part of this transaction:(a)       the Lien will be first ranking, if commercially feasible;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|                                      | (b)       the Lien will not be enforceable until an Event of Default has occurred;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|                                      | (c)       in respect of the share pledges, customary limitations on the exercise of voting rights by the pledgor to protect the validity and enforceability of the Lien over shares shall apply;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|                                      | (d)       until an Event of Default occurs, (i) the pledgor shall retain and exercise voting rights to any shares pledged in a manner that does not adversely affect the validity or enforceability of the Lien or cause an Event of Default to occur, and (ii) prior to an Event of Default, the pledgor will be permitted to receive dividends upstream to the extent permitted under the Loan Documents with the proceeds to be available to the U.S. Borrower and its Subsidiaries;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|                                      | (e)           the Lenders shall only be able to exercise a power of attorney following the occurrence of an Event of Default that is continuing or if the relevant Foreign Obligor has failed to comply with a further assurance or perfection obligation; and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|                                      | (f)           to the extent required for the purpose of granting Liens under the laws of a relevant jurisdiction, the Foreign Obligor shall grant a parallel debt to the Collateral Agent.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |

----

| 1. | The Mandatory Cost is an addition to the interest rate to compensate Lenders for the cost of compliance with (a) the requirements of the Bank of England and/or the Financial Services Authority (or, in either case, any other authority which replaces all or any of its functions) or (b) the requirements of the European Central Bank. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | On the first day of each Interest Period (or as soon as possible thereafter) the Administrative Agent shall calculate, as a percentage rate, a rate (the “Additional Cost Rate”) for each Lender, in accordance with the paragraphs set out below.  The Mandatory Cost will be calculated by the Administrative Agent as a weighted average of the Lenders’ Additional Cost Rates (weighted in proportion to the percentage participation of each Lender in the relevant Loan) and will be expressed as a percentage rate per annum. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | The Additional Cost Rate for any Lender lending from a Facility Office in a Participating Member State will be the percentage notified by that Lender to the Administrative Agent.  This percentage will be certified by that Lender in its notice to the Administrative Agent to be its reasonable determination of the cost (expressed as a percentage of that Lender's participation in all Loans made from that Facility Office) of complying with the minimum reserve requirements of the European Central Bank in respect of loans made from that Facility Office. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | The Additional Cost Rate for any Lender lending from a Facility Office in the United Kingdom will be calculated by the Administrative Agent as follows: |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------|

| AB + C(B – D) + Ex 0.01 |    per cent. per annum |
|-------------------------------|---------------------------------------|
| 100 – (A + C)           |

|   | (b) | in relation to a Loan in any currency other than sterling: |
|--------|-----|------------------------------------------------------------|

| Ex 0.01 |    per cent. per annum. |
|---------|----------------------------------------|
| 300     |
|    |                                   |

|   | A | is the percentage of Eligible Liabilities (assuming these to be in excess of any stated minimum) which that Lender is from time to time required to maintain as an interest free cash ratio deposit with the Bank of England to comply with cash ratio requirements. |
|--------|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | B | is the percentage rate of interest (excluding the Applicable Margin and the Mandatory Cost and any additional rate of interest specified in Section 2.10) payable for the relevant Interest Period on the Loan. |
|--------|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | C | is the percentage (if any) of Eligible Liabilities which that Lender is required from time to time to maintain as interest bearing Special Deposits with the Bank of England. |
|--------|---|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | D | is the percentage rate per annum payable by the Bank of England to the Administrative Agent on interest bearing Special Deposits. |
|--------|---|-----------------------------------------------------------------------------------------------------------------------------------|

|   | E | is designed to compensate Lenders for amounts payable under the Fees Rules and is calculated by the Administrative Agent as being the average of the Fee Tariffs applicable to the Administrative Agent in its capacity as a Lender for that financial year and expressed in pounds per £1,000,000 of the Tariff Base of the Administrative Agent in its capacity as a Lender. |
|--------|---|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5. | For the purposes of this Schedule: |
|----|------------------------------------|

|   | (a) | “Eligible Liabilities” and “Special Deposits” have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | “Facility Office” means: |
|--------|-----|--------------------------------------|

|   | (i) | in respect of a Lender or Issuing Bank, the office or offices notified | by that Lender or Issuing Bank to the Administrative Agent in writing on | or before the date it becomes a Lender or Issuing Bank (or, following | that date, by not less than five Business Days’ written notice) as the office or offices through which it will perform its obligations under the Credit Agreement; or |
|--------|-----|------------------------------------------------------------------------|--------------------------------------------------------------------------|-----------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | in respect of any other Agent or Secured Party, the office in the | jurisdiction in | which it is resident for tax purposes. |
|--------|------|-------------------------------------------------------------------|-----------------|----------------------------------------|

|   | (c) | “Fees Rules” means the rules on periodic fees contained in the Financial Services Authority Fees Manual or such other law or regulation as may be in force from time to time in respect of the payment of fees for the acceptance of deposits; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | “Fee Tariffs” means the fee tariffs specified in the Fees Rules under the activity group A.1 Deposit acceptors (ignoring any minimum fee or zero rated fee required pursuant to the Fees Rules but taking into account any applicable discount rate); and |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (e) | “Financial Services Authority” means the Financial Services Authority in the United Kingdom. |
|--------|-----|----------------------------------------------------------------------------------------------------------|

----

|   | (f) | “Mandatory Cost” means the percentage rate per annum calculated by the Administrative Agent in accordance with the formula set forth above. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (g) | “Participating Member State” means any member state of the EMU that adopts or has adopted the euro as its lawful currency in accordance with legislation of the EMU relating to Economic and Monetary Union. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (h) | “Tariff Base” has the meaning given to it in, and will be calculated in accordance with, the Fees Rules. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------|

| 6. | In application of the above formulae, A, B, C and D will be included in the formulae as percentages (i.e. 5 per cent. will be included in the formula as 5 and not as 0.05).  A negative result obtained by subtracting D from B shall be taken as zero.  The resulting figures shall be rounded to four decimal places. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7. | Each Lender shall supply any information required by the Administrative Agent for the purpose of calculating its Additional Cost Rate.  In particular, but without limitation, each Lender shall supply the following information on or prior to the date on which it becomes a Lender: |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8. | The percentages of each Lender for the purpose of A and C above shall be determined by the Administrative Agent based upon the information supplied to it pursuant to paragraph 7 above and on the assumption that, unless a Lender notifies the Administrative Agent to the contrary, each Lender’s obligations in relation to cash ratio deposits and Special Deposits are the same as those of a typical bank from its jurisdiction of incorporation with a Facility Office in the same jurisdiction as its Facility Office. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9. | The Administrative Agent shall have no liability to any person if such determination results in an Additional Cost Rate which over or under compensates any Lender and shall be entitled to assume that the information provided by any Lender pursuant to paragraphs 3 and 7 above is true and correct in all respects. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10. | The Administrative Agent shall distribute the additional amounts received as a result of the Mandatory Cost to the Lenders on the basis of the Additional Cost Rate for each Lender based on the information provided by each Lender pursuant to paragraphs 3 and 7 above. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11. | Any determination by the Administrative Agent pursuant to this Schedule in relation to a formula, the Mandatory Cost, an Additional Cost Rate or any amount payable to a Lender shall, in the absence of manifest error, be conclusive and binding on all parties to the Credit Agreement. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

----

----

----

| Guarantee Number      | Currency | Amount | Amount | Lessor | Date BG Issued | Type   | Start date | Must be Renewed on | Expiry Date | Other info. |
|-----------------------|----------|--------|--------|--------|----------------|--------|------------|--------------------|-------------|-------------|
| FONL06G0050586000     | JPY      | [***]  | [***]  | [***]  | 23-Jan-08      | [***]  | 27-Dec-07  | 18-Jan-09          | 18-Jan-10   | [***]       |
| Total open guarantees |     | [***]  | [***]  |   |           |   |       |               |        |        |

----

----

| RTP_DT                                   | LC_NO          | DIVISION                           | XPRY_DT    | OUTSTAND_USD | BENEFICIARY NAME |
|------------------------------------------|----------------|------------------------------------|------------|--------------|------------------|
|                                     |           |                               |       |         | 2/28/2011        |
| Grand Total                              |           | [***]                              |       |
| US Total                                 |           | [***]                              |       |
| ARROW SPORT Total                        |           | [***]                              |       |
| 2/28/2011                                | 00000064545487 | ARROW SPORT                        | 3/02/2011  | [***]        | [***]            |
| 2/28/2011                                | 00000064571382 | ARROW SPORT                        | 3/23/2011  | [***]        | [***]            |
| 2/28/2011                                | 00000064571399 | ARROW SPORT                        | 3/02/2011  | [***]        | [***]            |
| 2/28/2011                                | 00000064571473 | ARROW SPORT                        | 5/13/2011  | [***]        | [***]            |
| CALVIN KLEIN OUTLET Total                |           | [***]                              |       |
| 2/28/2011                                | 00000064571361 | CALVIN KLEIN OUTLET                | 3/04/2011  | [***]        | [***]            |
| 2/28/2011                                | 00000064571363 | CALVIN KLEIN OUTLET                | 2/16/2011  | [***]        | [***]            |
| 2/28/2011                                | 00000064571438 | CALVIN KLEIN OUTLET                | 3/16/2011  | [***]        | [***]            |
| 2/28/2011                                | 00000064571499 | CALVIN KLEIN OUTLET                | 3/30/2011  | [***]        | [***]            |
| 2/28/2011                                | 00000064571500 | CALVIN KLEIN OUTLET                | 3/30/2011  | [***]        | [***]            |
| CK SPORT Total                           |           | [***]                              |       |
| 2/28/2011                                | 00000064545406 | CKSPORT                            | 3/02/2011  | [***]        | [***]            |
| 2/28/2011                                | 00000064571391 | CKSPORT                            | 2/23/2011  | [***]        | [***]            |
| 2/28/2011                                | 00000064571412 | CKSPORT                            | 5/04/2011  | [***]        | [***]            |
| 2/28/2011                                | 00000064571459 | CKSPORT                            | 5/05/2011  | [***]        | [***]            |
| 2/28/2011                                | 00000064571523 | CKSPORT                            | 4/27/2011  | [***]        | [***]            |
| CK SPORT CANADA Total                    |           | [***]                              |       |
| 2/28/2011                                | 00000064571354 | CK SPORT CANADA                    | 2/16/2011  | [***]        | [***]            |
| 2/28/2011                                | 00000064571466 | CK SPORT CANADA                    | 4/06/2011  | [***]        | [***]            |
| 2/28/2011                                | 00000064571533 | CK SPORT CANADA                    | 3/22/2011  | [***]        | [***]            |
| Izod Sport or Izod Retail (see PO) Total |           | [***]                              |       |
| 2/28/2011                                | 00000064571407 | Izod Sport or Izod Retail (see PO) | 3/16/2011  |  [***]  | [***]            |
| 2/28/2011                                | 00000064571506 | Izod Sport or Izod Retail (see PO) | 4/20/2011  |  [***]  | [***]            |
| IZOD WHOLESALE Total                     |           | [***]                              |       |
| 2/28/2011                                | 00000064545435 | IZOD WHOLESALE                     | 2/09/2011  | [***]        | [***]            |
| 2/28/2011                                | 00000064545477 | IZOD WHOLESALE                     | 3/09/2011  | [***]        | [***]            |
| 2/28/2011                                | 00000064571355 | IZOD WHOLESALE                     | 3/11/2011  | [***]        | [***]            |
| 2/28/2011                                | 00000064571385 | IZOD WHOLESALE                     | 3/29/2011  | [***]        | [***]            |
| 2/28/2011                                | 00000064571404 | IZOD WHOLESALE                     | 4/06/2011  | [***]        | [***]            |
| 2/28/2011                                | 00000064571443 | IZOD WHOLESALE                     | 5/03/2011  | [***]        | [***]            |
| 2/28/2011                                | 00000064571460 | IZOD WHOLESALE                     | 4/15/2011  | [***]        | [***]            |
| 2/28/2011                                | 00000064571474 | IZOD WHOLESALE                     | 5/11/2011  | [***]        | [***]            |
| 2/28/2011                                | 00000064571497 | IZOD WHOLESALE                     | 6/22/2011  | [***]        | [***]            |
| 2/28/2011                                | 00000064571503 | IZOD WHOLESALE                     | 4/27/2011  | [***]        | [***]            |
| 2/28/2011                                | 00000064571524 | IZOD WHOLESALE                     | 5/04/2011  | [***]        | [***]            |
| 2/28/2011                                | 00000064571525 | IZOD WHOLESALE                     | 5/11/2011  | [***]        | [***]            |
| OUTLET STORES - US Total                 |           | [***]                              |       |
| 2/28/2011                                | 00000064571446 | OUTLET STORES - US                 | 3/23/2011  | [***]        | [***]            |
| 2/28/2011                                | 00000064571452 | OUTLET STORES - US                 | 4/20/2011  | [***]        | [***]            |
| 2/28/2011                                | 00000064571508 | OUTLET STORES - US                 | 4/20/2011  | [***]        | [***]            |
| PVH FOOTWEAR Total                       |           | [***]                              |       |
| 2/28/2011                                | 00000064571375 | PVH FOOTWEAR                       | 2/17/2011  | [***]        | [***]            |
| 2/28/2011                                | 00000064571450 | PVH FOOTWEAR                       | 3/24/2011  | [***]        | [***]            |
| TIMBERLAND MENS Total                    |           | [***]                              |       |
| 2/28/2011                                | 00000064571458 | TIMBERLAND MENS                    | 4/13/2011  | [***]        | [***]            |
| VAN HEUSEN Total                         |           | [***]                              |       |
| 2/28/2011                                | 00000064545299 | VAN HEUSEN                         | 10/16/2010 | [***]        | [***]            |
| 2/28/2011                                | 00000064545441 | VAN HEUSEN                         | 2/15/2011  | [***]        | [***]            |

----

| 2/28/2011                 | 00000064571353 | VAN HEUSEN          | 3/15/2011  | [***] | [***] |
|---------------------------|----------------|---------------------|------------|-------|-------|
| 2/28/2011                 | 00000064571402 | VAN HEUSEN          | 4/12/2011  | [***] | [***] |
| 2/28/2011                 | 00000064571465 | VAN HEUSEN          | 5/10/2011  | [***] | [***] |
| 2/28/2011                 | 00000064571531 | VAN HEUSEN          | 6/14/2011  | [***] | [***] |
| VH SPORT Total            |           | [***]               |       |
| 2/28/2011                 | 00000064545331 | VH SPORT            | 3/02/2011  | [***] | [***] |
| 2/28/2011                 | 00000064545476 | VH SPORT            | 3/02/2011  | [***] | [***] |
| 2/28/2011                 | 00000064571383 | VH SPORT            | 2/16/2011  | [***] | [***] |
| 2/28/2011                 | 00000064571491 | VH SPORT            | 4/13/2011  | [***] | [***] |
| 2/28/2011                 | 00000064571492 | VH SPORT            | 5/04/2011  | [***] | [***] |
| HK Total                  |           | [***]               |       |
| ARROW SPORT Total         |           | [***]               |       |
| 2/28/2011                 | 64545461       | ARROW SPORT         | 2/14/2011  | [***] | [***] |
| 2/28/2011                 | 64571387       | ARROW SPORT         | 2/22/2011  | [***] | [***] |
| 2/28/2011                 | 64571424       | ARROW SPORT         | 9/20/2011  | [***] | [***] |
| 2/28/2011                 | 64571464       | ARROW SPORT         | 4/27/2011  | [***] | [***] |
| 2/28/2011                 | 64571467       | ARROW SPORT         | 5/02/2011  | [***] | [***] |
| BASS APPAREL Total        |           | [***]               |       |
| 2/28/2011                 | 64571397       | BASS APPAREL        | 3/08/2011  | [***] | [***] |
| 2/28/2011                 | 64571401       | BASS APPAREL        | 3/23/2011  | [***] | [***] |
| 2/28/2011                 | 64571423       | BASS APPAREL        | 4/13/2011  | [***] | [***] |
| 2/28/2011                 | 64571437       | BASS APPAREL        | 4107/2011  | [***] | [***] |
| 2/28/2011                 | 64571475       | BASS APPAREL        | 5/02/2011  | [***] | [***] |
| 2/28/2011                 | 64571486       | BASS APPAREL        | 4/13/2011  | [***] | [***] |
| 2/28/2011                 | 64571511       | BASS APPAREL        | 5/02/2011  | [***] | [***] |
| CALVIN KLEIN OUTLET Total |           | [***]               |       |
| 2/28/2011                 | 64545481       | CALVIN KLEIN OUTLET | 2/21/2011  | [***] | [***] |
| 2/28/2011                 | 64571357       | CALVIN KLEIN OUTLET | 4/15/2011  | [***] | [***] |
| 2/28/2011                 | 64571372       | CALVIN KLEIN OUTLET | 3/07/2011  | [***] | [***] |
| 2/28/2011                 | 64571439       | CALVIN KLEIN OUTLET | 3/21/2011  | [***] | [***] |
| 2/28/2011                 | 64571440       | CALVIN KLEIN OUTLET | 3/07/2011  | [***] | [***] |
| 2/28/2011                 | 64571451       | CALVIN KLEIN OUTLET | 3/29/2011  | [***] | [***] |
| 2/28/2011                 | 64571484       | CALVIN KLEIN OUTLET | 4/11/2011  | [***] | [***] |
| 2/28/2011                 | 64571485       | CALVIN KLEIN OUTLET | 5/15/2011  | [***] | [***] |
| 2/28/2011                 | 64571488       | CALVIN KLEIN OUTLET | 4/05/2011  | [***] | [***] |
| 2/28/2011                 | 64571529       | CALVIN KLEIN OUTLET | 5/10/2011  | [***] | [***] |
| 2/28/2011                 | 64571530       | CALVIN KLEIN OUTLET | 4/18/2011  | [***] | [***] |
| CK SPORT Total            |           | [***]               |       |
| 2/28/2011                 | 64571454       | CK SPORT            | 4/12/2011  | [***] | [***] |
| 2/28/2011                 | 64571456       | CK SPORT            | 3/22/2011  | [***] | [***] |
| 2/28/2011                 | 64571483       | CK SPORT            | 4/10/2011  | [***] | [***] |
| 2/28/2011                 | 64571494       | CK SPORT            | 5/14/2011  | [***] | [***] |
| CK SPORT CANADA Total     |           | [***]               |       |
| 2/28/2011                 | 64571444       | CK SPORT CANADA     | 3/15/2011  | [***] | [***] |
| 2/28/2011                 | 64571495       | CK SPORT CANADA     | 4/09/2011  | [***] | [***] |
| GB SPORT Total            |           | [***]               |       |
| 2/28/2011                 | 64571389       | GB SPORT            | 5/15/2011  | [***] | [***] |
| 2/28/2011                 | 64571522       | GB SPORT            | 6/19/2011  | [***] | [***] |
| IZOD Total                |           | [***]               |       |
| 2/28/2011                 | 64545403       | IZOD                | 3/31/2011  | [***] | [***] |
| 2/28/2011                 | 64545419       | IZOD                | 2/19/2011  | [***] | [***] |
| 2/28/2011                 | 64545480       | IZOD                | 3/05/2011  | [***] | [***] |
| 2/28/2011                 | 64571379       | IZOD                | 2/14/2011  | [***] | [***] |
| 2/28/2011                 | 64571400       | IZOD                | 5/16/2011  | [***] | [***] |
| 2/28/2011                 | 64571427       | IZOD                | 10/11/2011 | [***] | [***] |
| 2/28/2011                 | 64571428       | IZOD                | 4/08/2011  | [***] | [***] |
| 2/28/2011                 | 64571429       | IZOD                | 3/07/2011  | [***] | [***] |

----

| 2/28/2011                | 64571453 | IZOD               | 3/21/2011 |  [***] | [***]  |
|--------------------------|----------|--------------------|-----------|-------------|--------|
| 2/28/2011                | 64571462 | IZOD               | 4/16/2011 | [***]       | [***]  |
| 2/28/2011                | 64571502 | IZOD               | 7/24/2011 | [***]       | [***]  |
| 2/28/2011                | 64571514 | IZOD               | 4/17/2011 | [***]       | [***]  |
| IZOD RETAIL Total        |     | [***]              |      |
| 2/28/2011                | 64571368 | IZOD RETAIL        | 3/14/2011 | [***]       | [***]  |
| 2/28/2011                | 64571408 | IZOD RETAIL        | 4/13/2011 | [***]       | [***]  |
| 2/28/2011                | 64571411 | IZOD RETAIL        | 2/19/2011 | [***]       | [***]  |
| 2/28/2011                | 64571418 | IZOD RETAIL        | 2/28/2011 | [***]       | [***]  |
| 2/28/2011                | 64571442 | IZOD RETAIL        | 4/17/2011 | [***]       | [***]  |
| 2/28/2011                | 64571479 | IZOD RETAIL        | 4101/2011 | [***]       | [***]  |
| 2/28/2011                | 64571482 | IZOD RETAIL        | 4/07/2011 | [***]       | [***]  |
| 2/28/2011                | 64571487 | IZOD RETAIL        | 4/07/2011 | [***]       | [***]  |
| 2/28/2011                | 64571489 | IZOD RETAIL        | 6/26/2011 | [***]       | [***]  |
| 2/28/2011                | 64571509 | IZOD RETAIL        | 4/19/2011 | [***]       | [***]  |
| IZOD SPORT CANADA Total  |     | [***]              |      |
| 2/28/2011                | 64545420 | IZOD SPORT CANADA  | 2/14/2011 | [***]       | [***]  |
| 2/28/2011                | 64571378 | IZOD SPORT CANADA  | 2/14/2011 | [***]       | [***]  |
| 2/28/2011                | 64571384 | IZOD SPORT CANADA  | 3/02/2011 | [***]       | [***]  |
| 2/28/2011                | 64571425 | IZOD SPORT CANADA  | 5/16/2011 | [***]       | [***]  |
| 2/28/2011                | 64571435 | IZOD SPORT CANADA  | 6/16/2011 | [***]       | [***]  |
| 2/28/2011                | 64571512 | IZOD SPORT CANADA  | 4/06/2011 | [***]       | [***]  |
| IZOD WOMEN Total         |     | [***]              |      |
| 2/28/2011                | 64571390 | IZOD WOMEN         | 3/02/2011 | [***]       | [***]  |
| 2/28/2011                | 64571449 | IZOD WOMEN         | 5/18/2011 | [***]       | [***]  |
| OUTLET STORES Total      |     | [***]              |      |
| 2/28/2011                | 64545490 | OUTLET STORES      | 3/20/2011 | [***]       | [***]  |
| 2/28/2011                | 64571367 | OUTLET STORES      | 4/21/2011 | [***]       | [***]  |
| 2/28/2011                | 64571369 | OUTLET STORES      | 3/04/2011 | [***]       | [***]  |
| 2/28/2011                | 64571377 | OUTLET STORES      | 5/09/2011 | [***]       | [***]  |
| 2/28/2011                | 64571393 | OUTLET STORES      | 4/24/2011 | [***]       | [***]  |
| 2/28/2011                | 64571405 | OUTLET STORES      | 3/08/2011 | [***]       | [***]  |
| 2/28/2011                | 64571422 | OUTLET STORES      | 4/07/2011 | [***]       | [***]  |
| 2/28/2011                | 64571471 | OUTLET STORES      | 5/02/2011 | [***]       | [***]  |
| 2/28/2011                | 64571480 | OUTLET STORES      | 4/01/2011 | [***]       | [***]  |
| 2/28/2011                | 64571496 | OUTLET STORES      | 5/08/2011 | [***]       | [***]  |
| 2/28/2011                | 64571504 | OUTLET STORES      | 5/15/2011 | [***]       | [***]  |
| PRIVATE BRANDS Total     |     | [***]              |      |
| 2/28/2011                | 64545371 | PRIVATE BRANDS     | 2/17/2011 | [***]       | [***]  |
| 2/28/2011                | 64571463 | PRIVATE BRANDS     | 5/13/2011 | [***]       | [***]  |
| PVH FOOTWEAR Total       |     | [***]              |      |
| 2/28/2011                | 64571394 | PVH-FOOTWEAR       | 2/18/2011 | [***]       | [***]  |
| 2/28/2011                | 64571432 | PVH FOOTWEAR       | 3/16/2011 | [***]       | [***]  |
| 2/28/2011                | 64571433 | PVH FOOTWEAR       | 3/20/2011 | [***]       | [***]  |
| 2/28/2011                | 64571434 | PVH FOOTWEAR       | 2/28/2011 | [***]       | [***]  |
| 2/28/2011                | 64571519 | PVH FOOTWEAR       | 3/30/2011 | [***]       | [***]  |
| 2/28/2011                | 64571520 | PVH FOOTWEAR       | 4/20/2011 | [***]       | [***]  |
| 2/28/2011                | 64571521 | PVH FOOTWEAR       | 4/20/2011 | [***]       | [***]  |
| PVH PIECE GOODS Total    |     | [***]              |      |
| 2/28/2011                | 64571414 | PVH PIECE GOODS    | 3/14/2011 | [***]       | [***]  |
| 2/28/2011                | 64571415 | PVH PIECE GOODS    | 2/17/2011 | [***]       | [***]  |
| 2/28/2011                | 64571498 | PVH PIECE GOODS    | 5/15/2011 | [***]       | [***]  |
| 2/28/2011                | 64571501 | PVH PIECE GOODS    | 4/28/2011 | [***]       | [***]  |
| 2/28/2011                | 64571515 | PVH PIECE GOODS    | 4/14/2011 | [***]       | [***]  |
| 2/28/2011                | 64571528 | PVH PIECE GOODS    | 3/24/2011 | [***]       | [***]  |
| RETAIL IZOD CANADA Total |     | [***]              |      |
| 2/28/2011                | 64571448 | RETAIL IZOD CANADA | 4/17/2011 | [***]       | [***]  |
|                     |     |               |      |        |   |

----

| 2/28/2011                      | 64571476 | RETAIL IZOD CANADA       | 4107/2011 | [***]       | [***] |
|--------------------------------|----------|--------------------------|-----------|-------------|-------|
| 2/28/2011                      | 64571477 | RETAIL IZOD CANADA       | 4/17/2011 | [***]       | [***] |
| 2/28/2011                      | 64571478 | RETAIL IZOD CANADA       | 4/07/2011 | [***]       | [***] |
| 2/28/2011                      | 64571481 | RETAIL IZOD CANADA       | 4/01/2011 | [***]       | [***] |
| 2/28/2011                      | 64571490 | RETAIL IZOD CANADA       | 6/26/2011 | [***]       | [***] |
| 2/28/2011                      | 64571507 | RETAIL IZOD CANADA       | 4/20/2011 | [***]       | [***] |
| 2/28/2011                      | 64571510 | RETAIL IZOD CANADA       | 4/19/2011 | [***]       | [***] |
| RETAIL VAN HEUSEN CANADA Total |     | [***]                    |      |
| 2/28/2011                      | 64571381 | RETAIL VAN HEUSEN CANADA | 5/09/2011 | [***]       | [***] |
| 2/28/2011                      | 64571505 | RETAIL VAN HEUSEN CANADA | 5/15/2011 |  [***] | [***] |
| 2/28/2011                      | 64571516 | RETAIL VAN HEUSEN CANADA | 5/02/2011 |  [***] | [***] |
| TIMBERLAND MENS CANADA Total   |     | [***]                    |      |
| 2/28/2011                      | 64571469 | TIMBERLAND MENS CANADA   | 3/28/2011 | [***]       | [***] |
| TIMBERLAND MENS SPORT Total    |     | [***]                    |      |
| 2/28/2011                      | 64571426 | TIMBERLAND MENS SPORT    | 4/17/2011 |  [***] | [***] |
| 2/28/2011                      | 64571468 | TIMBERLAND MENS SPORT    | 3/28/2011 |  [***] | [***] |
| 2/28/2011                      | 64571513 | TIMBERLAND MENS SPORT    | 4/18/2011 |  [***] | [***] |
| VAN HEUSEN Total               |     | [***]                    |      |
| 2/28/2011                      | 64545418 | VAN HEUSEN               | 2/17/2011 | [***]       | [***] |
| 2/28/2011                      | 64545431 | VAN HEUSEN               | 2/14/2011 | [***]       | [***] |
| 2/28/2011                      | 64545460 | VAN HEUSEN               | 3/20/2011 | [***]       | [***] |
| 2/28/2011                      | 64571398 | VAN HEUSEN               | 3/13/2011 | [***]       | [***] |
| 2/28/2011                      | 64571409 | VAN HEUSEN               | 6/09/2011 | [***]       | [***] |
| 2/28/2011                      | 64571445 | VAN HEUSEN               | 5/23/2011 | [***]       | [***] |
| 2/28/2011                      | 64571455 | VAN HEUSEN               | 3/14/2011 | [***]       | [***] |
| 2/28/2011                      | 64571457 | VAN HEUSEN               | 5/02/2011 | [***]       | [***] |
| 2/28/2011                      | 64571461 | VAN HEUSEN               | 5/06/2011 | [***]       | [***] |
| 2/28/2011                      | 64571527 | VAN HEUSEN               | 5/21/2011 | [***]       | [***] |
| VH SPORT Total                 |     | [***]                    |      |
| 2/28/2011                      | 64545383 | VH SPORT                 | 2/20/2011 | [***]       | [***] |
| 2/28/2011                      | 64545463 | VH SPORT                 | 2/14/2011 | [***]       | [***] |
| 2/28/2011                      | 64545468 | VH SPORT                 | 3/07/2011 | [***]       | [***] |
| 2/28/2011                      | 64571362 | VH SPORT                 | 4/24/2011 | [***]       | [***] |
| 2/28/2011                      | 64571365 | VH SPORT                 | 2/27/2011 | [***]       | [***] |
| 2/28/2011                      | 64571386 | VH SPORT                 | 5/12/2011 | [***]       | [***] |
| 2/28/2011                      | 64571388 | VH SPORT                 | 4/15/2011 | [***]       | [***] |
| 2/28/2011                      | 64571392 | VH SPORT                 | 3/14/2011 | [***]       | [***] |
| 2/28/2011                      | 64571403 | VH SPORT                 | 3/05/2011 | [***]       | [***] |
| 2/28/2011                      | 64571420 | VH SPORT                 | 8/09/2011 | [***]       | [***] |
| 2/28/2011                      | 64571430 | VH SPORT                 | 3/14/2011 | [***]       | [***] |
| 2/28/2011                      | 64571470 | VH SPORT                 | 4/11/2011 | [***]       | [***] |
| 2/28/2011                      | 64571493 | VH SPORT                 | 6/19/2011 | [***]       | [***] |
| 2/28/2011                      | 64571517 | VH SPORT                 | 9/07/2011 | [***]       | [***] |
| 2/28/2011                      | 64571518 | VH SPORT                 | 4/29/2011 | [***]       | [***] |
| 2/28/2011                      | 64571532 | VH SPORT                 | 3/28/2011 | [***]       | [***] |
| VH SPORT CANADA Total          |     | [***]                    |      |
| 2/28/2011                      | 64571421 | VH SPORT CANADA          | 6/23/2011 | [***]       | [***] |
| 2/28/2011                      | 64571436 | VH SPORT CANADA          | 5/10/2011 | [***]       | [***] |
| VH SPORT Total                 |     | [***]                    |      |
| 2/28/2011                      | 64545345 | VH SPORT                 | 2/14/2011 | [***]       | [***] |

----

| LOC No. |   | LOC BALANCES |          | EXPIRY |     |   | N/R    |   |   | BENEFICIARY |   |   |   |   |
|---------|--------|--------------|---------------|--------|----------|--------|--------|--------|--------|-------------|--------|--------|--------|--------|
| SB01452 |   | $            | [             | ***]   | 11/28/-- |   |   | 30     |   |        |   | [***]  |   |   |   |   |
| SB01453 |   | $            | [             | ***]   | 12/06/-- |   |   | 30     |   |        |   | [***]  |   |   |   |   |
| SB01454 |   | $            | [             | ***]   | 08/24/-- |   |   | 60     |   |        |   | [***]  |   |   |   | [***] |   |
| SB01497 |   | $            | [             | ***]   | 10/27/-- |   |   | 60     |   |        |   | [***]  |   |   |   |   |   |
| SB01498 |   | $            | [             | ***]   | 10/27/-- |   |   | 60     |   |        |   | [***]  |   |   |   |   |   |
| SB01499 |   | $            | [             | ***]   | 10/27/-- |   |   | 30     |   |        |   | [***]  |   |   |   |   |   |
| SB01505 |   | $            | [             | ***]   | 10/29/-- |   |   | 30     |   |        |   | [***]  |   |   |   |   |   |
| TOTAL   |   | $            |   [ | ***]   |     |   |   |   |   |        |   |   |   |   |   |   |   |

----

| L/C#        | Division    | Vendor Name | L/C Outstanding Amount | L/CIssueDate | ExpiryDate | Sub-Total Outstanding Division | PVH Total Outstanding |
|-------------|-------------|-------------|------------------------|--------------|------------|--------------------------------|-----------------------|
| HLHI-493467 | ARROW SP    | [***]       | [***]                  | 2/7/11       | 5/30/11    |                           |                  |
| HLHI-492947 | ARROWSPORT  | [***]       | [***]                  | 10/19/10     | 3/1/11     |                           |                  |
| HLHI-493050 | ARROWSPORT  | [***]       | [***]                  | 11/17/10     | 4/4/11     |                           |                  |
| HLHI-493128 | ARROWSPORT  | [***]       | [***]                  | 12/8/10      | 3/10/11    |                           |                  |
| HLHI-493234 | ARROWSPORT  | [***]       | [***]                  | 12/23/10     | 9/19/11    |                           |                  |
| HLHI-493322 | ARROWSPORT  | [***]       | [***]                  | 1/7/11       | 5/2/11     |                           |                  |
| HLHI-493497 | ARROWSPORT  | [***]       | [***]                  | 2/11/11      | 5/30/11    |                           |                  |
| HLHI-492920 | BASS APP    | [***]       | [***]                  | 10/14/10     | 10/37/11   |                           |                  |
| HLHI-492993 | BASS APP    | [***]       | [***]                  | 11/3/10      | 5/9/11     |                           |                  |
| HLHI-493266 | BASS APP    | [***]       | [***]                  | 12/29/10     | 7/11/11    |                           |                  |
| HLHI-493321 | BASS APP    | [***]       | [***]                  | 1/7/11       | 5/8/11     |                           |                  |
| HLHI-493026 | CK SP CAN   | [***]       | [***]                  | 11/10/10     | 5/16/11    |                           |                  |
| HLHI-493267 | CK SP CAN   | [***]       | [***]                  | 12/29/10     | 4/18/11    |                           |                  |
| HLHI-493465 | CK SPCAN    | [***]       | [***]                  | 2/7/11       | 5/30/11    |                           |                  |
| HLHI-492992 | CK-SPORT    | [***]       | [***]                  | 11/3/10      | 4/18/11    |                           |                  |
| HLHI-493314 | CK-SPORT    | [***]       | [***]                  | 1/6/11       | 6/13/11    |                           |                  |
| HLHI-493348 | CK-SPORT    | [***]       | [***]                  | 1/12/11      | 4/16/11    |                           |                  |
| HLHI-493238 | IZ SP CAN   | [***]       | [***]                  | 12/23/10     | 8/14/11    |                           |                  |
| HLHI-493485 | IZ SP CAN   | [***]       | [***]                  | 2/15/11      | 5/3/11     |                           |                  |
| HLHI-493526 | IZ SP CAN   | [***]       | [***]                  | 2/18/11      | 5/1/11     |                           |                  |
| HLHI-493151 | IZ W SP CAN | [***]       | [***]                  | 12/10/10     | 3/21/11    |                           |                  |
| HLHI-493323 | IZ WSPCAN   | [***]       | [***]                  | 1/7/11       | 4/26/11    |                           |                  |
| HLHI-493437 | IZ W SP CAN | [***]       | [***]                  | 12/7/11      | 4/15/11    |                           |                  |
| HLHI-493231 | IZWOMEN     | [***]       | [***]                  | 12/23/10     | 9/4/11     |                           |                  |
| HLHI-492896 | IZOD        | [***]       | [***]                  | 10/5/10      | 3/7/11     |                           |                  |
| HLHI-493136 | IZOD        | [***]       | [***]                  | 12/9/10      | 3/21/11    |                           |                  |
| HLHI-493324 | IZOD        | [***]       | [***]                  | 1/7/11       | 5/15/11    |                           |                  |
| HLHI-493527 | IZOD        | [***]       | [***]                  | 2/18/11      | 5/1/11     |                           |                  |
| HLHI-493570 | IZOD        | [***]       | [***]                  | 2/23/11      | 9/9/11     |                           |                  |
| HLHI-492798 | IZOD RET    | [***]       | [***]                  | 10/4/10      | 4/4/11     |                           |                  |
| HLHI-493152 | IZOD RET    | [***]       | [***]                  | 12/10/10     | 4/12/11    |                           |                  |
| HLHI-493186 | IZOD RETAIL | [***]       | [***]                  | 12/17/10     | 4/6/11     |                           |                  |
| HLHI-493473 | IZOD RETAIL | [***]       | [***]                  | 2/8/11       | 4/28/11    |                           |                  |
| HLHI-493466 | IZOD SP     | [***]       | [***]                  | 2/7/11       | 5/23/11    |                           |                  |
| HLHI493391  | IZOD WOMENS | [***]       | [***]                  | 1/21/11      | 4/26/11    |                           |                  |
| HLHI-492977 | OUTLET      | [***]       | [***]                  | 10/28/10     | 3/7/11     |                           |                  |
| HLHI-493131 | OUTLET      | [***]       | [***]                  | 12/8/10      | 3/13/11    |                           |                  |
| HLHI-493176 | OUTLET      | [***]       | [***]                  | 12/17/10     | 4/18/11    |                           |                  |
| HLHI-493193 | OUTLET      | [***]       | [***]                  | 12/21/10     | 4/18/11    |                           |                  |
| HLHI-493252 | OUTLET      | [***]       | [***]                  | 12/24/10     | 3/13/11    |                           |                  |
| HLHI-493325 | OUTLET      | [***]       | [***]                  | 1/7/11       | 5/8/11     |                           |                  |
| HLHI-493474 | OUTLET      | [***]       | [***]                  | 2/8/11       | 4/27/11    |                           |                  |
| HLHI-493549 | RTCC        | [***]       | [***]                  | 2/18/11      | 5/30/11    |                           |                  |
| HLHI-493157 | RTCO        | [***]       | [***]                  | 12/13/10     | 3/18/11    |                           |                  |
| HLHI-493163 | RTCO        | [***]       | [***]                  | 12/14/10     | 4/11/11    |                           |                  |
| HLHI-493251 | RTCO        | [***]       | [***]                  | 12/24/10     | 4118/11    |                           |                  |

----

| HLHI-493284                         | RTCO         | [***]  | [***]  | 12/31/10 | 5/5/11  |   |   |
|-------------------------------------|--------------|--------|--------|----------|---------|--------|--------|
| HLHI-493463                         | RTCO         | [***]  | [***]  | 2/7/11   | 32011   |   |   |
| HLHI-493464                         | RTCO         | [***]  | [***]  | 2/7/11   | 4/22/11 |   |   |
| HLHI-493390                         | RTIC         | [***]  | [***]  | 12/4/11  | 4/12/11 |   |   |
| HLHI-493427                         | RTIC CANADA  | [***]  | [***]  | 1/31/1   | 428/11  |   |   |
| HLHI-493475                         | RTVC         | [***]  | [***]  | 2/8/11   | 5/8/11  |   |   |
| HLHI-493236                         | SPORT CANADA | [***]  | [***]  | 12/23/10 | 6/23/11 |   |   |
| HLHI-493511                         | SPORT-CAN    | [***]  | [***]  | 2/14/11  | 6/13/11 |   |   |
| HLHI-493572                         | SPORT-CAN    | [***]  | [***]  | 2/23/11  | 7/15/11 |   |   |
| HLHI-493129                         | TIMB M CAN   | [***]  | [***]  | 12/13/10 | 4/4/11  |   |   |
| HLHI-493237                         | TIMB M CAN   | [***]  | [***]  | 12/23/10 | 7/17/11 |   |   |
| HlHI-493130                         | TIMBER SPM   | [***]  | [***]  | 12/20/10 | 4/18/11 |   |   |
| HLHI-493233                         | TIMBER SPM   | [***]  | [***]  | 12/23/10 | 8/19/11 |   |   |
| HLHI-493274                         | TIMBER SPM   | [***]  | [***]  | 12/30/10 | 4/4/11  |   |   |
| HLHI-493510                         | TIMBER SPM   | [***]  | [***]  | 2/14/11  | 5/30/11 |   |   |
| HLHI-493055                         | VANHEUSEN    | [***]  | [***]  | 11/18/10 | 3/21/11 |   |   |
| HLHI-493056                         | VANHEUSEN    | [***]  | [***]  | 11/18/10 | 5/17/11 |   |   |
| HLHI-493119                         | VANHEUSEN    | [***]  | [***]  | 12/2/10  | 3/21/11 |   |   |
| HLHI-493164                         | VANHEUSEN    | [***]  | [***]  | 12/14/10 | 4/11/11 |   |   |
| HLHI-493277                         | VANHEUSEN    | [***]  | [***]  | 12/30/10 | 4/18/11 |   |   |
| HLHI-493355                         | VANHEUSEN    | [***]  | [***]  | 1/13/11  | 5/2/11  |   |   |
| HLHI-493418                         | VANHEUSEN    | [***]  | [***]  | 1/25/11  | 5/16/11 |   |   |
| HLHI-493419                         | VANHEUSEN    | [***]  | [***]  | 1/25/11  | 5/16/11 |   |   |
| HLHI-493486                         | VANHEUSEN    | [***]  | [***]  | 2/9/11   | 5/30/11 |   |   |
| HLHI-493573                         | VANHEUSEN    | [***]  | [***]  | 2/23/11  | 6/23/11 |   |   |
| HLHI-493484                         | VANHEUSEN    | [***]  | [***]  | 2/9/11   | 5/30/11 |   |   |
| HlHI-492994                         | VH SPORT     | [***]  | [***]  | 11/3/10  | 3/21/11 |   |   |
| HLHI-493155                         | VH SPORT     | [***]  | [***]  | 12/13/10 | 3/17/11 |   |   |
| HLHI-493232                         | VH SPORT     | [***]  | [***]  | 12/23/10 | 6/10/11 |   |   |
| HLHI-493268                         | VH SPORT     | [***]  | [***]  | 12/29/10 | 5/12/11 |   |   |
| HLHI-493308                         | VH SPORT     | [***]  | [***]  | 1/5/11   | 4/18/11 |   |   |
| HLHI-493188                         | VH SPORT     | [***]  | [***]  | 1/11/11  | 3/12/11 |   |   |
| HLHI-493392                         | VH SPORT     | [***]  | [***]  | 1/21/11  | 4/9/11  |   |   |
| HLHI-493508                         | VH SPORT     | [***]  | [***]  | 2/14/11  | 5/30/11 |   |   |
| HLHI-493187                         | VHS CAN      | [***]  | [***]  | 12/20/10 | 4/4/11  |   |   |
| HLHI-493235                         | VHS CAN      | [***]  | [***]  | 12/23/10 | 5/10111 |   |   |
| HLHI-493394                         | VHS CAN      | [***]  | [***]  | 1/21/11  | 5/30/11 |   |   |
| HLHI-493436                         | VHS CAN      | [***]  | [***]  | 1/27/11  | 5/30/11 |   |   |
| Chase L/C Total for Feb. 28th, 2011 | [***]        |   |   |     |    |

----

| JP Morgan Reference | Client Reference                | Beneficiary Name | Beneficiary City | Beneficiary State/Country | Date LC Open | ExpiryDate                 | Currency | LC Amount | Available Amount In LC Curr | USD Outstanding Liability |
|---------------------|---------------------------------|------------------|------------------|---------------------------|--------------|----------------------------|----------|-----------|-----------------------------|---------------------------|
| Applicant           | CALVIN KLEIN TRADEMARK TRUST    |             |             |                      |         |                       |     |      |
| 226827              | T-226827                        | [***]            |             | GERMANY                   | 06/20/02     | 06/18/11                   | EUR      | [***]     | [***]                       | [***]                     |
|                |                            |             |             |                      |         | Grand Total for Applicant: | [***]    |
| Applicant:          | PHILLIPS-VAN HEUSEN CORP        |             |             |                      |         |                       |     |      |
| 236329              | T-236329                        | [***]            |             | UNITED KINGDOM            | 04/08/03     | 08/01/11                   | GBP      | [***]     | [***]                       | [***]                     |
|                |                            |             |             |                      |         | Grand Total for Applicant: |     | [***]     |
| Applicant:          | PH1LLIPS-VAN HEUSEN CORPORATION |             |             |                      |         |                       |     |      |
| TS-302990           | TPTS-302990                     | [***].           |             | UNITED STATES             | 01/02/07     | 01/06/12                   | USD      | [***]     | [***]                       | [***]                     |
|                |                            |             |             |                      |         | Grand Total for Applicant: |     | [***]     |
|                |                            |             |             |                      |         | USD Total All:             |     |      | [***]                       |

----

----

|    | Phillips-Van Heusen Corporation: |
|--------------|----------------------------------|

|    | 1.            1000 PVH Quality Way, Jonesville, NC  28642-9389, United States |
|--------------|------------------------------------------------------------------------------------------------------------------------------------------------|

|    | 2.           3915 Volunteer Drive, Chattanooga, TN  37416, United States |
|--------------|-------------------------------------------------------------------------------------------------------------------------------------------|

|    | 3.           1062 MacArthur Road, Reading, PA  19605-9404, United States |
|--------------|-------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

----

|   | SCHEDULE 4.02 |
|--------|---------------|

|   | Equity Interests and Ownership |
|--------|--------------------------------|

|   | Existing Equity Purchase Rights: |
|--------|----------------------------------|

|    | 1.           Stockholders’ Agreement, dated as of December 27, 2007, among ITOCHU Corporation, Novel Sportswear Holdings (Japan) Limited, HHS Investments (Japan) Limited, Loong San Holdings Limited, Tommy Hilfiger Group B.V. and Tommy Hilfiger Japan Corporation (as amended, amended and restated, supplemented or otherwise modified from time to time). |
|--------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    | 2.           There are outstanding stock options, restricted stock units and performance shares issued under employee compensation plans. |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    | 3.      On May 6, 2010, Phillips-Van Heusen Corporation issued 8,000 shares of Series A Convertible Preferred Stock, par value $100.00 per share.  The Series A Preferred Stock is be convertible at any time into shares of Common Stock. |
|--------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    | 4.           Joint Venture Agreement, dated as of September 16, 2010, by and among Phillips-Van Heusen Corporation, Kingdom Holding 2 B.V., Tommy Hilfiger B.V., Tommy Hilfiger Licensing LLC and TH Asia Limited (as amended, amended and restated, supplemented or otherwise modified from time to time). |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Subsidiary Equity Ownership: |
|--------|------------------------------|

| Owner                               | Issuer                | # of Shares Owned or %of Shares Owned | Total Shares Outstanding |
|-------------------------------------|-----------------------|---------------------------------------|--------------------------|
| Phillips-Van Heusen Corporation     | PVH Puerto Rico, Inc. | 100                                   | 100                      |
| Phillips-Van Heusen Puerto Rico LLC | 100%                  |                                  |
| BassNet, Inc.                       | 100                   | 100                                   |
| PVH Retail Stores, Inc.             | 10                    | 10                                    |
| izod.com inc.                       | 10                    | 10                                    |
| PVH Wholesale Corp.                 | 10                    | 10                                    |
| PVH Foreign Holdings Corp.          | 10                    | 10                                    |
| PVH Wholesale New Jersey, Inc.      | 10                    | 10                                    |
| Calvin Klein, Inc.                  | 4,312,500             | 4,312,500                             |

----

|                                 | CK Service Corp.          | 10         | 10     |
|--------------------------------------|---------------------------|------------|--------|
| Cluett Peabody Resources Corporation | 1,000                     | 1,000      |
| Cluett, Peabody & Co., Inc.      | 100                       | 100        |
| PVH Europe, Inc.                     | 10                        | 10         |
| PVH Realty Corp.                     | 10                        | 10         |
| PVH Neckwear, Inc.                   | 10                        | 10         |
| PVH Prince C.V. Holding Corporation  | 10                        | 10         |
| Tommy Hilfiger U.S.A., Inc.          | 100                       | 100        |
| Phillips-Van Heusen Far East Ltd.    | 100%                      |       |
| Camisas Modernas, S.A.1              | 1000                      | 1000       |
| Confezioni Moda Italia S.r.l.        | 10,000                    | 10,000     |
| Prince Lux 1 S.à r.l.           | 100%                      |       |
| Prince Lux 1 S.à r.l.           | Prince Lux 2 S.à r.l | 100%       |   |
| PVH Prince C.V. Holding Corporation  | Trumpet C.V.              | 99.9% (LP) |   |
| BassNet, Inc.                        | Trumpet C.V.              | 0.1% (GP)  |   |

----

  

----

| Phillips-Van Heusen Foreign Holdings Corp. | PVH Limited                       | 360         | 360                                |
|--------------------------------------------|-----------------------------------|-------------|------------------------------------|
| Phillips-Van Heusen Canada, Inc.           | 10                                | 10          |
| Tommy Hilfiger U.S.A., Inc.                | Tommy Hilfiger Wholesale, Inc.    | 100%        | 50,000                             |
| Tommy Hilfiger Licensing LLC               | 100%                         | n/a         |
| Tommy Hilfiger Retail, LLC                 | 100%                         | n/a         |
| Karl Lagerfeld LLC                         | 100%                         | n/a         |
| Tommy Hilfiger Canada Inc.                 | Tommy Hilfiger Canada Retail Inc. | 100%        | 100 common; 3,807,006.31 preferred |
| Tommy Hilfiger Wholesale, Inc.        | Tomcan Investments Inc.      | 1,000  | 1,000                         |
| Tomcan Investments Inc.               | Tommy Hilfiger Canada Inc.   | 1,000  | 1,000                         |
| Trumpet C.V.                               | Prince 1 B.V.                     | 100%        |                               |
| Prince 1 B.V.                              | Prince 2 B.V.                     | 100%        |                               |
| Prince 2 B.V.                              | Tommy Hilfiger B.V.               | 100%        |                               |
| Tommy Hilfiger B.V.                        | HHS Investments (Japan) Ltd.      | 100%        |                               |
| Novel Sportswear Holdings (Japan) Ltd.     | 100%                              |        |

----

|                                     | Tommy Hilfiger Japan Holding Godo Kaisha | 100%                 |   |
|------------------------------------------|------------------------------------------|----------------------|--------|
| Tommy Hilfiger Corporation               | 100%                                     |                 |
| Tommy Hilfiger Japan Corporation         | 23.6% (common stock)                     |                 |
| TH Monument B.V.                         | Ordinary shares                          |                 |
| Tommy Hilfiger Europe B.V.               | 100%                                     |                 |
| Tommy Hilfiger (HK) Ltd.                 | 100%                                     |                 |
| Tommy Hilfiger Marka Dagitim             | 0.01%                                    |                 |
| HHS Investments (Japan) Ltd.             | Tommy Hilfiger Japan Corporation         | 25.4% (common stock) |   |
| Tommy Hilfiger Japan Holding Godo Kaisha | Tommy Hilfiger Japan Corporation         | 51% (common stock)   |   |
| Tommy Hilfiger Corporation               | TH Monument B.V.                         | Priority share       |   |
| Elmira 3 B.V.                            | 100%                                     |                 |
| Hilfiger Stores Ltd.                     | Special Share                            |                 |
| TH Monument B.V.                         | PVH Europe B.V.                          | 100%                 |   |
| Tommy Hilfiger Marka Dagitim             | 0.01%                                    |                 |
| Elmira 3 B.V.                            | TH 1 Holding (Cyprus) Ltd.               | 100%                 |   |
| Tommy Hilfiger Marka Dagitim             | 0.01%                                    |                 |
| TH 1 Holding (Cyprus) Ltd.               | Tommy Hilfiger (Eastern Hemisphere) Ltd. | 100%                 |   |
| T.H. International N.V.                  | 100%                                     |                 |

----

|                                        | Tommy Hilfiger (India) Ltd.  | 100%   |   |
|---------------------------------------------|------------------------------|--------|--------|
| Tommy Hilfiger (HK) Ltd.                    | Wellrose Ltd.                | 100%   |   |
| Tommy Hilfiger Europe B.V.                  | Tommy Hilfiger Marka Dagitim | 99.96% |   |
| Hilfiger Stores B.V.                        | 100%                         |   |
| Hilfiger Stores SpZoo                       | 0.1%                         |   |
| TH Italia S.R.L.                            | 100%                         |   |
| TH Denmark ApS                              | 100%                         |   |
| TH Belgium BVBA                             | 100%                         |   |
| Hilfiger Beteiligungsgesellschaft mbH       | 100%                         |   |
| TH Sweden AB                                | 100%                         |   |
| TH UK Ltd.                                  | 100%                         |   |
| TH France SAS                               | 100%                         |   |
| Hilfiger Stores SRO                         | 20%                          |   |
| Tommy Hilfiger Schweiz  GmbH      | 100%                         |   |
| Tommy Hilfiger Norge AS                     | 100%                         |   |
| Hilfiger Holdings Germany GmbH & Co. KG | Limited partnership interest |   |
| Tommy Hilfiger Finland Oy                   | 100%                         |   |
| TH Osterreich Gesmbh                        | 100%                         |   |

----

| Hilfiger Beteiligungsgesellschaft mbH       | Hilfiger Holdings Germany GmbH & Co. KG | General partnership interest |   |
|---------------------------------------------|---------------------------------------------|------------------------------|--------|
| Hilfiger Holdings Germany GmbH & Co. KG | Tommy Hilfiger Footwear Europe GmbH         | 100%                         |   |
| Hilfiger Stores GmbH                        | 100%                                        |                         |
| T.H. Deutschland GmbH                       | 100%                                        |                         |
| Hilfiger Stores B.V.                        | Hilfiger Stores Gesmbh                      | 100%                         |   |
| Hilfiger Stores SpZoo                       | 99.9%                                       |                         |
| Hilfiger Stores France SAS                  | 100%                                        |                         |
| Hilfiger Stores Sweden AB                   | 100%                                        |                         |
| Hilfiger Stores BVBA                        | 100%                                        |                         |
| Hilfiger Stores Denmark aps                 | 100%                                        |                         |
| Hilfiger Stores SRO                         | 80%                                         |                         |
| Hilfiger Stores GmbH                        | 100%                                        |                         |
| Hilfiger Stores S.R.L.                      | 100%                                        |                         |
| Hilfiger Stores Ireland Ltd.                | 100%                                        |                         |
| Tommy Hilfiger Stores Norge AS              | 100%                                        |                         |
| Hilfiger Stores Ltd.                        | Ordinary shares                             |                         |
| Tommy Hilfiger Marka Dagitim                | 0.01%                                       |                         |

----

|    | Phillips-Van Heusen Corporation: |
|--------------|----------------------------------|

|    | 1.           601 North Grand Avenue, Brinkley, AR  72021-2527, United States |
|--------------|-----------------------------------------------------------------------------------------------------------------------------------------------|

|    | 2.           1000 PVH Quality Way, Jonesville, NC  28642-9389, United States |
|--------------|-----------------------------------------------------------------------------------------------------------------------------------------------|

|    | 3.           3915 Volunteer Drive, Chattanooga, TN  37416, United States |
|--------------|-------------------------------------------------------------------------------------------------------------------------------------------|

|    | TH Monument B.V.: |
|--------------|-------------------|

|    | 1.           Rokin 102/Watersteeg 3, Amsterdam (reg. no. section F no. 5531), The Netherlands |
|--------------|------------------------------------------------------------------------------------------------------------------------------------------------------|

|    | Phillips-Van Heusen Corporation: |
|--------------|----------------------------------|

|    | 1.           1062 MacArthur Road, Reading, PA  19605-9404, United States (building owned; property leased) |
|--------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    | 2.           1735 South Santa Fe Avenue, Los Angeles, CA  90021, United States |
|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------|

|    | 3.           7507 Kingspointe Parkway, Suite 106A, Orlando, FL  32819, United States |
|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

|    | 4.           420 Lee Industrial Boulevard, Austell, GA  30168-7408, United States (Buildings 1,2,3,4) |
|--------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    | 5.           6065 Roswell Road, Suite 510, Atlanta, GA  30328, United States |
|--------------|-----------------------------------------------------------------------------------------------------------------------------------------------|

|    | 6.           Highway 67, Jonesville, NC  28642, United States |
|--------------|--------------------------------------------------------------------------------------------------------------------------------|

|    | 7.           The Strateford at Hillcreast, 2442-105 Southmont Drive, Winston-Salem, NC  27103-3047, United States |
|--------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    | 8.           Suite 100, 1001 Frontier Road, Bridgewater, NJ  08807, United States |
|--------------|----------------------------------------------------------------------------------------------------------------------------------------------------|

|    | 9.           7300 Westside Avenue, North Bergen, NJ  07047, United States |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------------|

|    | 10.           200 Madison Avenue, New York, NY  10016, United States |
|--------------|---------------------------------------------------------------------------------------------------------------------------------------|

|    | 11.           205 West 39th Street, New York , NY  10018, United States |
|--------------|------------------------------------------------------------------------------------------------------------------------------------------|

|    | 12.           99 Park Avenue, New York, NY  10055, United States |
|--------------|-----------------------------------------------------------------------------------------------------------------------------------|

|    | 13.           218 West 40th Street, 6th & 8th Floors, New York, NY  10018, United States |
|--------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|    | 14.           3917 Volunteer Drive, Chattanooga, TN  37416, United States |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------------|

|    | 15.           4975 Preston Park Road, Suite 640, Plano, TX  75093, United States |
|--------------|---------------------------------------------------------------------------------------------------------------------------------------------------|

|    | 16.           World Trade Center, 2050 North Stemmons Freeway, Dallas, TX  75207-3101, United States |
|--------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    | 17.           7635 Dean Martin Drive, Las Vegas, NV  89139, United States |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------------|

|    | Tommy Hilfiger U.S.A., Inc.: |
|--------------|------------------------------|

|    | 1.           200 Liberty Way, Cranbury, NJ  08512, United States |
|--------------|-----------------------------------------------------------------------------------------------------------------------------------|

|    | 2.           601 West 26th Street, New York, NY  10001, United States (Two leases) |
|--------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

|    | 3.           129 Lafayette Street, New York, NY  10013, United States |
|--------------|----------------------------------------------------------------------------------------------------------------------------------------|

|    | Tommy Hilfiger Retail, LLC: |
|--------------|-----------------------------|

|    | 1.           7505 Exchange Drive, Orlando, FL 32809, United States |
|--------------|---------------------------------------------------------------------------------------------------------------------------|

|    | 2.           1073 Route 94, Cornwall/New Windsor, NY  12553, United States |
|--------------|---------------------------------------------------------------------------------------------------------------------------------------------|

|    | 3.           950 Pilot Road, Las Vegas, NV  89119, United States |
|--------------|-----------------------------------------------------------------------------------------------------------------------------------|

|    | 4.           10173 USA Today Way, Miramar, FL  33025, United States |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------|

|    | Tommy Hilfiger Canada, Inc.: |
|--------------|------------------------------|

|    | 1.           7445 Cote de Liesse, St-Laurent, QC  H4T 1G2, Canada |
|--------------|------------------------------------------------------------------------------------------------------------------------------------|

|    | Tommy Hilfiger Europe B.V.: |
|--------------|-----------------------------|

|    | 1.      Tesselschadest 18-22, Amsterdam, The Netherlands |
|--------------|----------------------------------------------------------------------------------------|

|    | 2.      Stadhouderskade 6, 1054 ES, Amsterdam, The Netherlands |
|--------------|----------------------------------------------------------------------------------------------|

|    | 3.           Trappistenweg 8, Tegelen, The Netherlands |
|--------------|---------------------------------------------------------------------------------------------------------------|

|    | 4.           Basisweg 59a, 59b, Zotrans 2, Amsterdam, The Netherlands |
|--------------|------------------------------------------------------------------------------------------------------------------------------|

|    | 5.           Viejo de Sant Celoni s/n Santa Maria de Palautordera 08460, Spain |
|--------------|---------------------------------------------------------------------------------------------------------------------------------------|

|    | T.H. Deutschland GmbH: |
|--------------|------------------------|

|    | 1.           Speditionstrasse 7, 40221 Düsseldorf, Germany |
|--------------|------------------------------------------------------------------------------------------------------------------------|

|    | 2.           Neue Elbstrasse 277 - 279, 22767 Hamburg, Germany |
|--------------|-----------------------------------------------------------------------------------------------------------------------|

|    | 3.           Osterwaldstrasse 9/10, 80805 München, Germany |
|--------------|------------------------------------------------------------------------------------------------------------------------|

----

----

----

|    | 1.           Guaranty by Phillips-Van Heusen Corporation (“PVH”) of the obligations of PVH Limited under the Concession Agreements between Harvey Nichols and Company Limited ("HN") and PVH Limited relating to PVH Limited's concessions to operate shops within HN's stores in the United Kingdom at Knightsbridge, Edinburgh and Manchester |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    | 2.           Guaranty by PVH of the obligations of Egypt Clothing Co. to Penfabric Sdn. Berhad |
|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

|    | 3.           Guaranty by PVH to American Express Travel Related Services, Inc. regarding corporate credit cards held by PVH employees |
|--------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    | 4.           Guaranty by PVH to American Express International Inc. regarding corporate credit cards held by PVH employees |
|--------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    | 5.           Guaranty by PVH of Fenwick Limited's obligations to Dolce & Gabanna |
|--------------|---------------------------------------------------------------------------------------------------------------------------------------------|

|    | 6.           Indebtedness with respect to that certain Asset Sale and Transfer Agreement, dated as of February 27, 2009, among Unitim Marka Magazacilik Anonim Sirketi, Tommy Hilfiger Marka Dagitim Ve Ticaret Anonim Serketi, Mr. Burchan Cemiloglu and Tommy Hilfiger Europe B.V. (as amended, amended and restated, supplemented or otherwise modified from time to time) |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    | 7.           Indebtedness with respect to that certain Amended and Restated Factoring Agreement, dated as of April 1, 2005, between Tommy Hilfiger U.S.A., Inc. and Wells Fargo Century, Inc. (as amended, amended and restated, supplemented or otherwise modified from time to time) |
|--------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    | 8.           Indebtedness with respect to that certain Facility Letter, dated as of January 26, 2010, among Tommy Hilfiger Canada Inc., Tommy Hilfiger Canada Retail Inc. and HSBC Bank Canada (as amended, amended and restated, supplemented or otherwise modified from time to time), Guaranty, dated as of January 24, 2008, by Tommy Hilfiger Canada Inc. of the obligations of Les Detailllants Tommy Hilfiger Canada Inc. / Tommy Hilfiger Canads Retail Inc. to HSBC Bank Canada (as amended, amended and restated, supplemented or otherwise modified from time to time) and Guaranty, dated as of January 24, 2008, by Les Detailllants Tommy Hilfiger Canada Inc. / Tommy Hilfiger Canads Retail Inc. of the obligations of Tommy Hilfiger Canada Inc.to HSBC Bank Canada (as amended, amended and restated, supplemented or otherwise modified from time to time) |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|     9. | Intercompany loans: |
|----------------------------|---------------------|

| Borrower                      |   | Balance                                                                     |       | Lender                      |
|-------------------------------|--------|-----------------------------------------------------------------------------|------------|-----------------------------|
| Confezioni Moda Italia S.R.L. |   | $                                                                           | 34,202,527 |                        | Phillips-Van Heusen Corporation |
| PVH Limited                   |   | $                                                                           | 8,752,234  |                        | Phillips-Van Heusen Corporation |
| Tommy Hilfiger Group B.V.     |   | $26,000,000 (Up to $50,000,000 available under a revolving credit facility) |       | Tommy Hilfiger U.S.A., Inc. |

----

| Tommy Hilfiger Group B.V.                              |   |                       | €21,470,520  |                      | Tommy Hilfiger Europe B.V.      |
|--------------------------------------------------------|--------|----------------------------|--------------------|---------------------------|---------------------------------|
| Hilfiger Stores GmbH                                   |   |                       | €13,500,000  |                      | Tommy Hilfiger Europe B.V.      |
| Tommy Hilfiger Marka Dagitim Ve Ticaret Anonim Serketi |   | TRY 4,828,000              |               | Tommy Hilfiger Group B.V. |
| Tommy Hilfiger France SAS                              |   |                       | €6,678,000   |                      | Tommy Hilfiger Europe B.V.      |
| Hilfiger Stores France SAS                             |   |                       | €9,523,000   |                      | Tommy Hilfiger Europe B.V.      |
| Trumpet C.V.                                           |   |                       | €500,000,000 |                      | Phillips-Van Heusen Corporation |
| Trumpet C.V.                                           |   |                       | €100,000,000 |                      | Phillips-Van Heusen Corporation |
| Prince 2 B.V.                                          |   |                       | €500,000,000 |                      | Trumpet C.V.                    |
| Prince 2 B.V.                                          |   |                       | €100,000,000 |                      | Trumpet C.V.                    |
| Tommy Hilfiger U.S.A., Inc.                            |   | $                          | 75,000,000         |                      | Tommy Hilfiger B.V.             |
| Tommy Hilfiger Group B.V.                              |   | Approx. €399,578,354 |               | Tommy Hilfiger B.V.       |

|    | 10.           Outstanding LCs: |
|--------------|---------------------------------------------------------------------------------------|

| Issuer                          | Issuing Bank                | Currency |   | Amount |         | Start Date | Maturity   |
|---------------------------------|-----------------------------|----------|--------|--------|--------------|------------|------------|
| Tommy Hilfiger Canada Inc.      | HSBC Canada                 | CAD      |   |   | 4,000.00     |       | 3/13/2010  | 3/12/2011 |
| Tommy Hilfiger Canada Inc.      | HSBC Canada                 | CAD      |   |   | 3,500.00     |       | 8/16/2009  | 8/16/2010 |
| Tommy Hilfiger Canada Inc.      | HSBC Canada                 | CAD      |   |   | 5,437.50     |       | 8/24/2009  | 8/24/2010 |
| Tommy Hilfiger Canada Inc.      | HSBC Canada                 | CAD      |   |   | 1,510.00     |       | 11/13/2009 | 11/13/2010 |
| Tommy Hilfiger Canada Inc.      | HSBC Canada                 | CAD      |   |   | 7,230.00     |       | 12/24/2009 | 12/24/2010 |
| Tommy Hilfiger Canada Inc.      | HSBC Canada                 | CAD      |   |   | 100,000.00   |       | 1/8/2010   | 1/8/2011 |
| Tommy Hilfiger U.S.A, Inc.      | Citibank                    |     |   | $      | 1,147,000.00 |       | 12/5/2006  | 12/31/2010 |
| Tommy Hilfiger U.S.A, Inc.      | Citibank                    |     |   | $      | 100,000.00   |       | 12/13/2006 | 12/31/2010 |
| Tommy Hilfiger U.S.A, Inc.      | Citibank                    |     |   | $      | 6,658,362.78 |       | 5/4/2009   | 12/31/2010 |
| Phillips-Van Heusen Corporation | The Bank of New York Mellon |     |   | $      | 1,000,000.00 |       | 2/17/1995  | 2/17/2010 |
| Phillips-Van Heusen Corporation | The Bank of New York Mellon |     |   | $      | 419,262.00   |       | 3/23/1995  | 3/19/2010 |
| Phillips-Van Heusen Corporation | The Bank of New York Mellon |     |   | $      | 440,657.00   |       | 5/16/1997  | 5/9/2010 |
| Phillips-Van Heusen Corporation | The Bank of New York Mellon |     |   | $      | 594,357.00   |       | 1/30/2003  | 1/30/2010 |

----

| Phillips-Van Heusen Corporation | The Bank of New York Mellon |   | $ | 4,800,045.00 |   | 4/4/2003 | 3/20/2010 |
|---------------------------------|-----------------------------|--------|---|--------------|--------|----------|-----------|

|    | 11.           Capital Leases (including any and all guaranties given in connection therewith): |
|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| Entity                           | Description                                                    | Lessor                               | Date of Lease |
|----------------------------------|----------------------------------------------------------------|--------------------------------------|---------------|
| Tommy Hilfiger Canada Inc.       | 7445 Cote de Liesse, St-Laurent, QC  H4T 1G2, Canada | Sun Life Assurance Company of Canada | 6/1/2007      |
| Tommy Hilfiger Japan Corporation | Fixtures and furniture for various retail stores               |                                 |          |

|     12. | Foreign exchange arrangements identified on Annex to this Schedule 6.01. |
|-----------------------------|--------------------------------------------------------------------------|

----

| Month                  | May-10      | Jun-10      | Jul-10      | Aug-10      | Sep-10      | Oct-10      | Nov-10      | Dec-10      | Jan-11      | Feb-11      | Mar-11      | Outstanding Total |
|------------------------|-------------|-------------|-------------|-------------|-------------|-------------|-------------|-------------|-------------|-------------|-------------|-------------------|
|                   |        |        |        |        |        |        |        |        |        |        |        |              |
|                   |        |        |        |        |        |        |        |        |        |        |        |              |
| Date entered into      |        | 4-Sep-2009  | 4.-Sep-2009 | 4-Sep-2009  | 14-Oct-2009 | 9-Nov-2009  |        | 6-Jan-2010  | 18-Feb-2010 | 2-Mar-2010  | 20-Apr-2010 |              |
| Maturity date          |        | 30-Jun-2010 | 30-Jul-2010 | 31-Aug-2010 | 30-Sep-2010 | 29-Oct-2010 |        | 31-Dec-2010 | 31-Jan-2011 | 28-Feb-2011 | 31-Mar-2011 |              |
| Rates                  |        | [***]       | [***]       | [***]       | [***]       | [***]       |        | [***]       | [***]       | [***]       | [***]       |              |
| Notional amounts (USD) |        | [***]       | [***]       | [***]       | [***]       | [***]       |        | [***]       | [***]       | [***]       | [***]       |              |
| Contract value         |        | [***]       | [***]       | [***]       | [***]       | [***]       |        | [***]       | [***]       | [***]       | [***]       |              |
|                   |        |        |        |        |        |        |        |        |        |        |        |              |
| Date entered into      | 4-Aug-2009  | 16-Sep-2009 | 16-Sep-2009 | 16-Sep-2009 |        | 1-Dec-2009  | 1-Dec-2009  | 11-Jan-2010 | 19-Feb-2010 | 3-Mar-2010  | 21-Apr-2010 |              |
| Maturity date          | 28-May-2010 | 30-Jun-2010 | 30-Jul-2010 | 31-Aug-2010 |        | 29-Oct-2010 | 30-Nov-2010 | 31-Dec-2010 | 31-Jan-2011 | 28-Feb-2011 | 31-Mar-2011 |              |
| Rates                  | [***]       | [***]       | [***]       | [***]       |        | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       |              |
| Notional amounts (USD) | [***]       | [***]       | [***]       | [***]       |        | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       |              |
| Contract value         | [***]       | [***]       | [***]       | [***]       |        | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       |              |
|                   |        |        |        |        |        |        |        |        |        |        |        |              |
| Date entered into      | 24-Aug-2009 | 2-Oct-2009  | 2-Oct-2009  | 2-Oct-2009  |        |        | 10-Dec-2009 | 9-Feb-2010  | 19-Feb-2010 | 20-Apr-2010 |        |              |
| Maturity date          | 28-May-2010 | 30-Jun-2010 | 30-Jul-2010 | 31-Aug-2010 |        |        | 30-Nov-2010 | 31-Dec-2010 | 31-Jan-2011 | 28-Feb-2011 |        |              |
| Rates                  | [***]       | [***]       | [***]       | [***]       |        |        | [***]       | [***]       | [***]       | [***]       |        |              |
| Notional amounts (USD) | [***]       | [***]       | [***]       | [***]       |        |        | [***]       | [***]       | [***]       | [***]       |        |              |
| Contract value         | [***]       | [***]       | [***]       | [***]       |        |        | [***]       | [***]       | [***]       | [***]       |        |              |
|                   |        |        |        |        |        |        |        |        |        |        |        |              |
| Date entered into      |        | 5-Oct-2009  | 5-Oct-2009  | 5-Oct-2009  |        | 23-Dec-2009 | 23-Dec-2009 |        | 22-Feb-2010 |        |        |              |
| Maturity date          |        | 30-Jun-2010 | 30-Jul-2010 | 31-Aug-2010 |        | 29-Oct-2010 | 30-Nov-2010 |        | 31-Jan-2011 |        |        |              |
| Rates                  |        | [***]       | [***]       | [***]       |        | [***]       | [***]       |        | [***]       |        |        |              |
| Notional amounts (USD) |        | [***]       | [***]       | [***]       |        | [***]       | [***]       |        | [***]       |        |        |              |
| Contract value         |        | [***]       | [***]       | [***]       |        | [***]       | [***]       |        | [***]       |        |        |              |
|                   |        |        |        |        |        |        |        |        |        |        |        |              |
| Date entered into      |        | 7-Oct-2009  | 7-Oct-2009  | 7-Oct-2009  |        |        |        |        |        |        |        |              |
| Maturity date          |        | 30-Jun-2010 | 30-Jul-2010 | 31-Aug-2010 |        |        |        |        |        |        |        |              |
| Rates                  |        | [***]       | [***]       | [***]       |        |        |        |        |        |        |        |              |
| Notional amounts (USD) |        | [***]       | [***]       | [***]       |        |        |        |        |        |        |        |              |
| Contract value         |        | [***]       | [***]       | [***]       |        |        |        |        |        |        |        |              |
|                   |        |        |        |        |        |        |        |        |        |        |        |              |
| Date entered into      |        | 11-Feb-2010 |        |        |        |        |        |        |        |        |        |              |
| Maturity date          |        | 29-Jun-2010 |        |        |        |        |        |        |        |        |        |              |
| Rates                  |        | [***]       |        |        |        |        |        |        |        |        |        |              |
| Notional amounts (USD) |        | [***]       |        |        |        |        |        |        |        |        |        |              |
| Contract value         |        | [***]       |        |        |        |        |        |        |        |        |        |              |
|                   |        |        |        |        |        |        |        |        |        |        |        |              |
| Date entered into      |        | 15-Feb-2010 |        |        |        |        |        |        |        |        |        |              |
| Maturity date          |        | 2-Jul-2010  |        |        |        |        |        |        |        |        |        |              |
| Rates                  |        | [***]       |        |        |        |        |        |        |        |        |        |              |
| Notional amounts (USD) |        | [***]       |        |        |        |        |        |        |        |        |        |              |
| Contract value         |        | [***]       |        |        |        |        |        |        |        |        |        |              |
|                   |        |        |        |        |        |        |        |        |        |        |        |              |
| TOTALS                 |        |        |        |        |        |        |        |        |        |        |        |              |
| Maturity date          | 31-May-2010 | 30-Jun-2010 | 31-Jul-2010 | 31-Aug-2010 | 30-Sep-2010 | 29-Oct-2010 | 30-Nov-2010 | 31-Dec-2010 | 31-Jan-2011 | 28-Feb-2011 | 31-Mar-2011 |              |
| Rates                  | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]             |
| Notional amounts (USD) | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]             |
| Contract value         | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]             |
|                   |        |        |        |        |        |        |        |        |        |        |        |              |
| Spot rate              | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]             |
| Gain/(loss)            | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]       | [***]             |

----

| Season    | Counterparty | Trade Date | Product | Buy | Buy Amount | Sell | Sell Amount | Cross  | SpotRate | ForwardPoints | Forward Rate | Trigger | Exercised | Maturity Date | Buy / Sell | Account                  | Counterpart Exposure |
|-----------|--------------|------------|---------|-----|------------|------|-------------|--------|----------|---------------|--------------|---------|-----------|---------------|------------|--------------------------|----------------------|
| Fall10    | [***]        | 10/2/2009  | FWD     | USD | [***]      | EUR  | [***]       | EURUSD |     |          | [***]        |    |      | 06/05/2010    |       | TOMMY HILFIGER EUROPE BV |                 |
| UK        | [***]        | 2/18/2010  | FWD     | EUR | [***]      | GBP  | [***]       | EURGBP | [***]    | [***]         | [***]        |    |      | 26/05/2010    |       | TOMMY HILFIGER EUROPE BV |                 |
| Fall10    | [***]        | 10/27/2009 | FWD     | USD | [***]      | EUR  | [***]       | EURUSD |     |          | [***]        |    |      | 28/05/2010    |       | TOMMY HILFIGER EUROPE BV |                 |
| Marketing | [***]        | 8/27/2009  | CF      | USD | [***]      | EUR  | [***]       | EURUSD |     |          | [***]        | [***]   |      | 15/06/2010    | S          | TOMMY HILFIGER EUROPE BV |                 |
| Fall10    | [***]        | 10/26/2009 | FWD     | USD | [***]      | EUR  | [***]       | EURUSD |     |          | [***]        |    |      | 28/06/2010    |       | TOMMY HILFIGER EUROPE BV |                 |
| Fall10    | [***]        | 9/23/2009  | FWD     | USD | [***]      | EUR  | [***]       | EURUSD |     |          | [***]        |    |      | 26/07/2010    |       | TOMMY HILFIGER EUROPE BV |                 |
| Fall10    | [***]        | 9/24/2009  | FWD     | USD | [***]      | EUR  | [***]       | EURUSD |     |          | [***]        |    |      | 26/07/2010    |       | TOMMY HILFIGER EUROPE BV |                 |
| Fall10    | [***]        | 11/3/2009  | FWD     | USD | [***]      | EUR  | [***]       | EURUSD |     |          | [***]        |    |      | 19/08/2010    |       | TOMMY HILFIGER EUROPE BV |                 |
| Fall10    | [***]        | 11/2/2009  | FWD     | USD | [***]      | EUR  | [***]       | EURUSD |     |          | [***]        |    |      | 07/09/2010    |       | TOMMY HILFIGER EUROPE BV |                 |
| Spring11  | [***]        | 11/19/2009 | FWD     | USD | [***]      | EUR  | [***]       | EURUSD |     |          | [***]        |    |      | 25/10/2010    |       | TOMMY HILFIGER EUROPE BV |                 |
| Spring11  | [***]        | 12/11/2009 | FWD     | USD | [***]      | EUR  | [***]       | EURUSD | [***]    | [***]         | [***]        |    |      | 15/11/2010    |       | TOMMY HILFIGER EUROPE BV |                 |
| Spring11  | [***]        | 11/26/2009 | FWD     | USD | [***]      | EUR  | [***]       | EURUSD | [***]    | [***]         | [***]        |    |      | 30/11/2010    |       | TOMMY HILFIGER EUROPE BV |                 |
| Spring11  | [***]        | 11/26/2009 | FWD     | USD | [***]      | EUR  | [***]       | EURUSD | [***]    | [***]         | [***]        |    |      | 30/11/2010    |       | TOMMY HILFIGER EUROPE BV |                 |
| Spring11  | [***]        | 12/9/2009  | FWD     | USD | [***]      | EUR  | [***]       | EURUSD | [***]    | [***]         | [***]        |    |      | 13/12/2010    |       | TOMMY HILFIGER EUROPE BV |                 |
| Fall10    | [***]        | 9/23/2009  | FWD     | USD | [***]      | EUR  | [***]       | EURUSD | [***]    | [***]         | [***]        |    |      | 25/06/2010    |       | TOMMY HILFIGER EUROPE BV |                 |
| Fall10    | [***]        | 12/17/2009 | FWD     | USD | [***]      | EUR  | [***]       | EURUSD | [***]    | [***]         | [***]        |    |      | 26/08/2010    |       | TOMMY HILFIGER EUROPE BV |                 |
| Fall10    | [***]        | 1/28/2010  | FWD     | USD | [***]      | EUR  | [***]       | eurusd | [***]    | [***]         | [***]        |    |      | 02/09/2010    |       | TOMMY HILFIGER EUROPE BV |                 |
| Fall10    | [***]        | 1/28/2010  | FWD     | USD | [***]      | EUR  | [***]       | eurusd | [***]    | [***]         | [***]        |    |      | 16/09/2010    |       | TOMMY HILFIGER EUROPE BV |                 |
| Fall10    | [***]        | 10/15/2009 | FWD     | USD | [***]      | EUR  | [***]       | EURUSD |     |          | [***]        |    |      | 20/09/2010    |       | TOMMY HILFIGER EUROPE BV |                 |
| Spring11  | [***]        | 11/17/2009 | FWD     | USD | [***]      | EUR  | [***]       | EURUSD |     |          | [***]        |    |      | 19/10/2010    |       | TOMMY HILFIGER EUROPE BV |                 |
| Spring11  | [***]        | 11/25/2009 | FWD     | USD | [***]      | EUR  | [***]       | EURUSD |     |          | [***]        |    |      | 29/11/2010    |       | TOMMY HILFIGER EUROPE BV |                 |
| spring11  | [***]        | 11/30/2009 | FWD     | USD | [***]      | EUR  | [***]       | EURUSD | [***]    | [***]         | [***]        |    |      | 02/12/2010    |       | TOMMY HILFIGER EUROPE BV |                 |
| spring11  | [***]        | 12/4/2009  | FWD     | USD | [***]      | EUR  | [***]       | EURUSD | [***]    | [***]         | [***]        |    |      | 08/12/2010    |       | TOMMY HILFIGER EUROPE BV |                 |
| Spring11  | [***]        | 1/28/2010  | FWD     | USD | [***]      | EUR  | [***]       | EURUSD | [***]    | [***]         | [***]        |    |      | 06/01/2011    |       | TOMMY HILFIGER EUROPE BV |                 |
| Spring11  | [***]        | 12/15/2009 | FWD     | USD | [***]      | EUR  | [***]       | EURUSD | [***]    | [***]         | [***]        |    |      | 18/01/2011    |       | TOMMY HILFIGER EUROPE BV |                 |
| Spring11  | [***]        | 12/18/2009 | FWD     | USD | [***]      | EUR  | [***]       | EURUSD | [***]    | [***]         | [***]        |    |      | 18/01/2011    |       | TOMMY HILFIGER EUROPE BV |                 |
| Spring11  | [***]        | 1/15/2010  | FWD     | USD | [***]      | EUR  | [***]       | EURUSD | [***]    | [***]         | [***]        |    |      | 19/01/2011    |       | TOMMY HILFIGER EUROPE BV |                 |
| spring11  | [***]        | 1/20/2010  | FWD     | USD | [***]      | EUR  | [***]       | EURUSD | [***]    | [***]         | [***]        |    |      | 24/01/2011    |       | TOMMY HILFIGER EUROPE BV |                 |
| spring11  | [***]        | 1/20/2010  | FWD     | USD | [***]      | EUR  | [***]       | EURUSD | [***]    | [***]         | [***]        |    |      | 24/01/2011    |       | TOMMY HILFIGER EUROPE BV |                 |

----

| 1. | The following non-IP Liens: |
|----|-----------------------------|

| Debtor                                                                                                   | Secured Party                           | Collateral                | State | Jurisdiction                         | Original File Date and Number | Related Filings            |
|----------------------------------------------------------------------------------------------------------|-----------------------------------------|---------------------------|-------|--------------------------------------|-------------------------------|----------------------------|
| Calvin Klein (Europe II), Corp.                                                                          | Klein, Calvin                           | All assets                | DE    | Secretary of State                   | 3/4/2010#2010 0732432         |                       |
| Calvin Klein (Europe), Inc.                                                                              | Klein, Calvin                           | All assets                | DE    | Secretary of State                   | 3/4/2010#2010 0732168         |                       |
| Calvin Klein, Inc.                                                                                       | Klein, Calvin                           | All assets                | NY    | Secretary of State                   | 3/5/2010#201003050115583      |                       |
| Calvin Klein, Inc                                                                                        | Union Transport Corp.                   | Judgment $77,810.11       | NY    | New York County                      | 5/1/2000#001276294-02         |                       |
| Calvin Klein, Inc. d/b/a Calvin Klein Jeanswear CompanyAdditional Debtor:  Denim Holdings Inc. | Union Transport Corp.                   | Judgment $77,810.11       | NY    | New York County Supreme Court        | 5/1/2000#603702-1999          |                       |
| CD Group Inc.                                                                                            | Dell Financial Services, L.P.           | Leased computer equipment | DE    | Secretary of State                   | 5/20/2005#5157295 8           | Continuation filed 4/20/10 |
| CD Group                                                                                                 | IOS Capital                             | Leased equipment          | DE    | Secretary of State                   | 8/22/2005#5260078 2           |                       |
| CD Group                                                                                                 | IOS Capital                             | Leased equipment          | DE    | Secretary of State                   | 8/22/2005#5260192 1           |                       |
| CD Group Inc                                                                                             | Commissioner of Labor State of New York | Judgment $1,034.78        | NY    | New York County                      | 4/2/2010#002679123-01         |                       |
| CK Service Corp.                                                                                         | Klein, Calvin                           | All assets                | DE    | Secretary of State                   | 3/4/2010#2010 0732705         |                       |
| CK Services Inc.                                                                                         | New York State Department of State      | State Tax Lien $709.66    | NY    | Department of State(Queens County)   | 7/16/2002#E-019126065-W001-3  |                       |
| CK Service                                                                                               | New York State Department of State      | State Tax Lien $627.54    | NY    | Department of State(New York County) | 8/24/2005#E-024836696-W001-2  |                       |

----

| CK Service                      | NY State Dep't of Taxation and Finance | State Tax Lien $627.54                        | NY | New York County                    | 8/24/2005#002036404-01       |                                                |
|---------------------------------|----------------------------------------|-----------------------------------------------|----|------------------------------------|------------------------------|-----------------------------------------------------|
| Cluett, Peabody & Co., Inc. | New York State Department of State     | State Tax Lien $1,871.20                      | NY | Department of State(Albany County) | 3/11/2003#E-002949322-W002-7 |                                                |
| Cluett, Peabody & Co Inc    | NY State Dep't of Taxation and Finance | State Tax Lien $2,564.90                      | NY | New York County                    | 3/4/1993#000522111-01        |                                                |
| Cluett, Peabody & Co Inc    | NY State Dep't of Taxation and Finance | State Tax Lien $807.74                        | NY | New York County                    | 12/21/1988#000131668-01      |                                                |
| Mulberry Thai Silks, Inc.       | Winthrop Resources Corporation         | Leased equipment                              | CA | Secretary of State                 | 7/6/2005#05-7033279753       |                                                |
| Mulberry Thai Silks, Inc.       | Wells Fargo Bank, National Association |                                          | CA | Secretary of State                 | 7/17/2006#06-7077912271      | Termination filed 4/25/08                           |
| Mulberry Thai Silks, Inc.       | The Central Valley Fund, L.P.          |                                          | CA | Secretary of State                 | 9/5/2006#06-7083864698       | Termination filed 4/25/08                           |
| Phillips-Van Heusen Corporation | Cisco Systems Capital Corporation      | Leased equipment                              | DE | Secretary of State                 | 4/9/2001#1033512 0           | Amendment filed 11/14/03Continuation filed 11/29/05 |
| Phillips-Van Heusen Corporation | Forsythe/McArthur Associates, Inc.     | Leased computer, telecommunications equipment | DE | Secretary of State                 | 7/2/2003#3168392 2           | Amendment filed 7/29/03Continuation filed 1/11/08   |
| Phillips-Van Heusen Corporation | First Bank of Highland Park            | Leased equipment                              | DE | Secretary of State                 | 5/19/2005#5155620 9          | Amendment filed 9/30/05Assignment filed 9/30/05     |
| Phillips Van Heusen             | IOS Capital                            | Leased equipment                              | DE | Secretary of State                 | 5/20/2005#5156076 3          |                                                |
| Phillips-Van Heusen Corporation | General Electric Capital Corporation   | Leased equipment                              | DE | Secretary of State                 | 5/27/2005#5164355 1          |                                                |
| Phillips-Van Heusen Corporation | General Electric Capital Corporation   | Leased equipment                              | DE | Secretary of State                 | 5/27/2005#5164357 7          |                                                |
| Phillips Van Heusen             | IOS Capital                            | Leased equipment                              | DE | Secretary of State                 | 7/11/2005#5211487 5          |                                                |
| Phillips Van Heusen             | IOS Capital                            | Leased equipment                              | DE | Secretary of State                 | 7/14/2005#5216268 4          |                                                |

----

| Phillips-Van Heusen Corporation | Cisco Systems Capital Corporation    | In lieu continuation NYSOS 2001 filing/ leased equipment | DE | Secretary of State | 11/29/2005#5366969 5  |                                             |
|---------------------------------|--------------------------------------|----------------------------------------------------------|----|--------------------|-----------------------|--------------------------------------------------|
| Phillips Van Heusen             | IOS Capital                          | Leased equipment                                         | DE | Secretary of State | 12/15/2005#5388360 1  |                                             |
| Phillips-Van Heusen Corporation | First Bank of Highland Park          | Leased equipment                                         | DE | Secretary of State | 12/21/2005#5404820 4  |                                             |
| Phillips-Van Heusen Corporation | First Bank of Highland Park          | Leased equipment                                         | DE | Secretary of State | 1/13/2006#6015453 4   |                                             |
| Phillips-Van Heusen Corporation | First Bank of Highland Park          | Leased equipment                                         | DE | Secretary of State | 1/27/2006#6045552 7   |                                             |
| Phillips Van Heusen             | IOS Capital                          | Leased equipment                                         | DE | Secretary of State | 2/9/2006#6048273 7    |                                             |
| Phillips-Van Heusen Corporation | Bank Financial, F.S.B.               | Leased computer equipment                                | DE | Secretary of State | 2/15/2006#6061660 7   | Assignment filed 2/22/06                         |
| Phillips-Van Heusen Corporation | First Bank of Highland Park          | Leased equipment                                         | DE | Secretary of State | 5/3/2006#6155758 6    |                                             |
| Phillips-Van Heusen Corporation | First Bank of Highland Park          | Leased equipment                                         | DE | Secretary of State | 6/26/2006#6221784 2   |                                             |
| Phillips-Van Heusen Corporation | First Bank of Highland Park          | Leased computer equipment                                | DE | Secretary of State | 7/25/2006#6256082 9   | Amendment filed 12/13/06Assignment filed 1/26/07 |
| Phillips-Van Heusen Corporation | CIT Technologies Corporation         | Leased computer equipment                                | DE | Secretary of State | 7/26/2006#6257783 1   |                                             |
| Phillips-Van Heusen Corporation | IBM Credit LLC                       | Leased IBM equipment                                     | DE | Secretary of State | 11/7/2006#6388652 0   |                                             |
| Phillips-Van Heusen Corporation | First United Bank                    | Leased computer equipment                                | DE | Secretary of State | 11/6/2006#6415059 5   | Assignment filed 12/12/06                        |
| Phillips-Van Heusen Corporation | EMC Corporation                      |                                                     | DE | Secretary of State | 1/3/2007#2007 0020999 | Termination filed 1/5/07                         |
| Phillips-Van Heusen Corporation | General Electric Capital Corporation | Leased equipment                                         | DE | Secretary of State | 1/3/2007#2007 0021096 |                                             |
| Phillips Van Heusen             | IOS Capital                          | Leased equipment                                         | DE | Secretary of State | 1/4/2007#2007 0031624 |                                             |

----

| Phillips-Van Heusen Corporation | Comsource, Inc.     | Leased equipment          | DE | Secretary of State | 1/23/2007#2007 0276013  | Assignments filed 2/6/07 (2x), 3/24/08, 6/9/09, 10/26/09, 4/5/10 |
|---------------------------------|---------------------|---------------------------|----|--------------------|-------------------------|------------------------------------------------------------------|
| Phillips Van Heusen             | IOS Capital         | Leased equipment          | DE | Secretary of State | 2/2/2007#2007 0426063   |                                                             |
| Phillips-Van Heusen Corporation | First United Bank   | Leased computer equipment | DE | Secretary of State | 5/24/2007#2007 1972321  | Assignment filed 6/7/07                                          |
| Phillips Van Heusen             | IOS Capital         | Leased equipment          | DE | Secretary of State | 6/5/2007#2007 2102522   |                                                             |
| Phillips Van Heusen             | Ikon Financial Svcs | Leased equipment          | DE | Secretary of State | 7/4/2007#2007 2530656   |                                                             |
| Phillips Van Heusen             | Ikon Financial Svcs | Leased equipment          | DE | Secretary of State | 9/11/2007#2007 3439030  |                                                             |
| Phillips Van Heusen             | Ikon Financial Svcs | Leased equipment          | DE | Secretary of State | 9/11/2007#2007 3439048  |                                                             |
| Phillips Van Heusen             | Ikon Financial Svcs | Leased equipment          | DE | Secretary of State | 9/11/2007#2007 3439055  |                                                             |
| Phillips Van Heusen             | Ikon Financial Svcs | Leased equipment          | DE | Secretary of State | 9/13/2007#2007 3466165  |                                                             |
| Phillips Van Heusen             | Ikon Financial Svcs | Leased equipment          | DE | Secretary of State | 9/22/2007#2007 3587713  |                                                             |
| Phillips Van Heusen             | Ikon Financial Svcs | Leased equipment          | DE | Secretary of State | 10/19/2007#2007 3942736 |                                                             |
| Phillips-Van Heusen Corporation | IBM Credit LLC      | Leased IBM equipment      | DE | Secretary of State | 10/31/2007#2007 4139944 |                                                             |
| Phillips Van Heusen             | Ikon Financial Svcs | Leased equipment          | DE | Secretary of State | 1/1/2008#2008 0000669   |                                                             |
| Phillips Van Heusen             | Ikon Financial Svcs | Leased equipment          | DE | Secretary of State | 6/24/2008#2008 2151171  |                                                             |
| Phillips Van Heusen             | Ikon Financial Svcs | Leased equipment          | DE | Secretary of State | 6/24/2008#2008 2151189  |                                                             |
| Phillips-Van Heusen Corporation | IBM Credit LLC      | Leased equipment          | DE | Secretary of State | 7/1/2008#2008 2262812   |                                                             |
| Phillips-Van Heusen Corporation | CSI Leasing, Inc.   | Leased equipment          | DE | Secretary of State | 7/11/2008#2008 2392056  |                                                             |

----

| Phillips-Van Heusen Corporation | DDI Leasing, Inc.                               | Leased equipment                                                                                                                                            | DE | Secretary of State                   | 7/14/2008#2008 2399317      |                                                  |
|---------------------------------|-------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|----|--------------------------------------|-----------------------------|-------------------------------------------------------|
| Phillips-Van Heusen Corporation | DDI Leasing, Inc.                               | Leased equipment                                                                                                                                            | DE | Secretary of State                   | 7/14/2008#2008 2399440      |                                                  |
| Phillips-Van Heusen Corporation | BankFinancial F.S.B.                            | Leased equipment                                                                                                                                            | DE | Secretary of State                   | 8/1/2008#2008 2636106       | Amendment filed 11/19/08Assignment filed 11/19/08     |
| Phillips Van Heusen Corporation | US Bancorp                                      | Specific equipment                                                                                                                                          | DE | Secretary of State                   | 2/11/2009#2009 0468261      |                                                  |
| Phillips-Van Heusen Corporation | Klein, Calvin                                   | All capital stock ofCalvin Klien, Inc. Calvin Klein (Europe), Inc. Calvin Klein (Europe II) Corp. and CK Service Corp.and 65% of Calvin Klein Europe S.R.L. | DE | Secretary of State                   | 3/4/2010#2010 0732002       |                                                  |
| Phillips-Van Heusen             | CSI Leasing, Inc.                               | Leased computer equipment                                                                                                                                   | DE | Secretary of State                   | 3/17/2010#2010 0920862      |                                                  |
| Phillips-Van Heusen Corporation | CSI Leasing, Inc.                               | Leased equipment                                                                                                                                            | DE | Secretary of State                   | 3/22/2010#2010 0978522      |                                                  |
| Phillips Van Heusen             | Ikon Financial Svcs                             | Leased equipment                                                                                                                                            | DE | Secretary of State                   | 4/13/2010#2010 1265960      |                                                  |
| Phillips-Van Heusen Corporation | New York State Department of State              | State Tax Lien $122,616.00                                                                                                                                  | NY | Department of State(New York County) | 4/6/2010#E-005430632-W003-6 |                                                  |
| Phillips-Van Heusen Corporation | NY State Dep't of Taxation and Finance          | State Tax Lien $122,616.00                                                                                                                                  | NY | New York County                      | 4/6/2010#002680374-01       |                                                  |
| PVH Wholesale Corp.             | The Chase Manhattan Bank, as Collateral Agent   |                                                                                                                                                        | DE | Secretary of State                   | 2/13/2001#1012789 9         | Termination filed 10/18/02Continuation filed 11/14/05 |
| PVH Wholesale Corp.             | The Chase Manhattan Bank, as Collateral Agent   | In lieu continuation of 2001 and 2002 NY & NJ filingsBlanket lien                                                                                       | DE | Secretary of State                   | 11/16/2005#5363517 5        |                                                  |
| Tommy Hilfiger USA, Inc.        | Fidelity Leasing A Division of EAB Leasing Corp | Leased equipment                                                                                                                                            | DE | Secretary of State                   | 2/28/2002#2071274 9         | Continuation filed 1/26/07                            |

----

| Tommy Hilfiger U.S.A., Inc. | Cisco Systems Capital Corporation          | Leased equipment                                                                                                                                                                                                                      | DE | Secretary of State | 3/28/2002#2094883 0     | Continuation filed 3/21/07Amendment filed 1/27/09           |
|-----------------------------|--------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----|--------------------|-------------------------|-------------------------------------------------------------|
| Tommy Hilfiger USA Inc.     | Fidelity Leasing A Div of EAB Leasing Corp | Leased equipment                                                                                                                                                                                                                      | DE | Secretary of State | 4/26/2002#2120619 6     | Continuation filed 4/4/07                                   |
| Tommy Hilfiger USA Inc.     | Fidelity Leasing A Div of EAB Leasing Corp | Leased equipment                                                                                                                                                                                                                      | DE | Secretary of State | 4/26/2002#2121611 2     | Continuation filed 4/4/07                                   |
| Tommy Hilfiger U.S.A., Inc. | Wells Fargo Century, Inc.                  | All Receivables, all credit balances with Wells Fargo, all claims against Wells Fargo and all property of every kind and description, tangible or intangible, at any time in Wells Fargo’s possession or subject to its control | DE | Secretary of State | 2/11/2005#5048606 9     | Amendments filed 6/20/05, 3/29/06Continuation filed 8/11/09 |
| Tommy Hilfiger USA Inc      | Banc of America Leasing & Capital, LLC | copiers                                                                                                                                                                                                                               | DE | Secretary of State | 8/1/2005#5235975 1      |                                                        |
| Tommy Hilfiger U.S.A., Inc. | IBM Credit LLC                             | Leased IBM equipment                                                                                                                                                                                                                  | DE | Secretary of State | 12/14/2006#6437504 4    |                                                        |
| Tommy Hilfiger U.S.A., Inc. | De Lage Landen Financial Services, Inc.    | Leased equipment                                                                                                                                                                                                                      | DE | Secretary of State | 8/15/2007#2007 3110136  | Assignment filed 10/15/07Amendment filed 10/15/07           |
| Tommy Hilfiger U.S.A., Inc. | De Lage Landen Financial Services, Inc.    | Leased equipment                                                                                                                                                                                                                      | DE | Secretary of State | 4/25/2008#2008 1444494  | Assignment filed 9/25/08Amendment filed 9/26/08             |
| Tommy Hilfiger U.S.A., Inc. | Banc of America Leasing & Capital, LLC | copiers                                                                                                                                                                                                                               | DE | Secretary of State | 5/28/2008#2008 1827821  |                                                        |
| Tommy Hilfiger U.S.A., Inc. | The Huntington National Bank               | Purchase Money Security Interest in attached equipment                                                                                                                                                                                | DE | Secretary of State | 8/7/2008#2008 2712162   |                                                        |
| Tommy Hilfiger U.S.A., Inc. | Banc of America Leasing & Capital, LLC | Copier                                                                                                                                                                                                                                | DE | Secretary of State | 10/23/2008#2008 3574215 |                                                        |
| Tommy Hilfiger U.S.A., Inc. | Banc of America Leasing & Capital, LLC | Copiers                                                                                                                                                                                                                               | DE | Secretary of State | 10/24/2008#2008 3592555 |                                                        |
| Tommy Hilfiger U.S.A., Inc. | Crown Credit Company                       | Leased equipment                                                                                                                                                                                                                      | DE | Secretary of State | 12/8/2008#2008 4060354  |                                                        |

----

| Tommy Hilfiger U.S.A., Inc. | Banc of America Leasing & Capital, LLC                               | Copiers                                  | DE | Secretary of State                 | 12/10/2008#2008 4097430      |                                              |
|-----------------------------|--------------------------------------------------------------------------|------------------------------------------|----|------------------------------------|------------------------------|---------------------------------------------------|
| Tommy Hilfiger U.S.A., Inc. | Presidio Technology Capital, LLC                                         | Leased equipment                         | DE | Secretary of State                 | 8/24/2009#2009 2711247       | Amendment filed 10/27/09Assignment filed 10/28/09 |
| Tommy Hilfiger U.S.A., Inc. | Presidio Technology Capital, LLC and Wells Fargo Financial Leasing, Inc. | Leased equipment                         | DE | Secretary of State                 | 10/29/2009#2009 3482947      | Amendment filed 11/10/09                          |
| Tommy Hilfiger U.S.A., Inc. | Western Finance & Lease Inc                                          | Leased technology equipment or inventory | DE | Secretary of State                 | 3/18/2010#2010 0946388       |                                              |
| Tommy Hilfiger U.S.A. Inc.  | New York State Department of State                                       | State Tax Lien $2,760.00                 | NY | Department of State(Albany County) | 2/23/2010#E-003686029-W005-8 |                                              |
| Tommy Hilfiger U.S.A. Inc.  | New York State Department of State                                       | State Tax Lien $85,157.35                | NY | Department of State(Albany County) | 2/23/2010#E-003686029-W006-3 |                                              |

----

| Tommy Hilfiger Canada Inc. | 142557 Canada Inc.159050 Canada Inc.2745-4669 Quebec Inc.Impex A & L Inc.Roseland Developments Inc.Samfish Investment (Canada) Inc.Jayfish Investments (1987) Inc.Miland Developments Inc.Samdev Investments Inc.Rachro Investments Inc. all carrying on businessunder the name:Place Jean-Talon Enr. | Charged property:  The universality of all movable improvements, equipment, machinery, furniture and trade fixtures of every kind, present and future, located on or upon the leased premises or used directly or indirectly in connection with the business of the tenant carried on at the leased premises, including all indemnities or proceeds paid under insurance contracts or policies pertaining to or covering such movables.The universality of all property in stock, raw materials, work in progress and inventory, present and future, situated on or upon the leased premises or used directly or indirectly in connection with the business of the tenant carried on at the additional premises, including all indemnities or proceeds paid under insurance contracts or policies pertaining to or covering such movables.The lease premises are located at 7077 Park Avenue, Montreal, Quebec, H3N 1X7 consisting of the following usable area:  1st, 2nd, 3rd, 5th and 6th floors. Amount:  $500,000 plus interest as stipulated in the lease. Expiry date:  January 2, 2012 |   | Canada | January 24, 2002at 10:38 a.m.02-0029310-0015 |   |
|----------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|----------------------------------------------|--------|

----

| Tommy Hilfiger Canada Inc. | 142557 Canada Inc.Samfish Investment (Canada) Inc.159050 Canada Inc.Impex A&L IncorporatedSamdev Investments Inc.2745-4669 Quebec Inc.Roseland Developments Inc.Miland Developments Inc.Jayfish Investments (1987) Inc.Rachro Investments Inc. all carrying onbusiness under the name:Place Jean-Talon Enr. | Charged property:  The universality of all movable improvements, equipment, machinery, furniture and trade fixtures of every kind, present and future, located on or upon the leased premises or used directly or indirectly in connection with the business of the tenant carried on at the leased premises, including all indemnities or proceeds paid under insurance contracts or policies pertaining to or covering such movables.The leased premises are located at 7077 Park Avenue, Suite 303, Montreal, Quebec, H3N 1X7.Amount:  $8,000 plus interest as stipulated in the lease.Expiry date:  December 1st, 2014                                                                                                                                                                                                                                                                                                                                                                                                           | Canada | July 13, 2005at 10:30 a.m.05-0404402-0001      |
|----------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------|
| Tommy Hilfiger Canada Inc. | 142557 Canada Inc.Samfish Investment (Canada) Inc.159050 Canada Inc.Impex A&L IncorporatedSamdev Investments Inc.2745-4669 Quebec Inc.Roseland Developments Inc.Jayfish Investments (1987) Inc.Rachro Investments Inc. all carrying onbusiness under the name:Place Jean-Talon Enr.                         | Charged property:  The universality of all movable improvements, equipment, machinery, furniture and trade fixtures of every kind, present and future, located on or upon the additional premises or used directly or indirectly in connection with the business of the tenant carried on at the additional premises, including all indemnities or proceeds paid under insurance contracts or policies pertaining to or covering such movables.The universality of all property in stock, raw materials, work in progress and inventory, present and future, situated on or upon the additional premises or used directly or indirectly in connection with the business of the tenant carried on at the additional premises, including all indemnities or proceeds paid under insurance contracts or policies pertaining to or covering such movables. The additional premises are located at 7077 Park Avenue, Suite 303, Montreal, Quebec, H3N 1X7. Amount: $10,000 plus interest as stipulated in the offer. Expiry date: September 7, 2015 | Canada | September 15, 2005at 10:30 a.m.05-0531477-0002 |
| Tommy Hilfiger Canada Inc. | YKK Canada Inc.                                                                                                                                                                                                                                                                                                 | Property: Specific equipment.Date of the agreement:  –Expiry date:  May 20, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | Canada | May 24, 2005at 11:43 a.m.05-0297442-0002       |

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| Tommy Hilfiger Canada Inc. | Holand Leasing 1995 Ltd.             | Property:  Specific vehicle (BMW 530XI, 2007). Date of the agreement:  February 21, 2007 Expiry date:  July 31, 2010        |   | Canada | March 27, 2007at 10:07 a.m.07-0155013-0001   |   |
|----------------------------|--------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|----------------------------------------------|--------|
| Tommy Hilfiger Canada Inc. | Holand Leasing 1995 Ltd.             | Property:  Specific vehicle (BMW X5 4.81, 2008). Date of the agreement:  October 30, 2007 Expiry date:  January 31, 2011    |   | Canada | November 5, 2007at 11:06 a.m.07-0635469-0031 |   |
| Tommy Hilfiger Canada Inc. | Holand Leasing 1995 Ltd.             | Property:  Specific vehicle (Porsche Cayenne S, 2008). Date of the agreement:  December 19, 2007 Expiry date:  May 31, 2011 |   | Canada | January 10, 2008at 9:00 a.m.08-0012410-0017  |   |
| Tommy Hilfiger Canada Inc. | Holand Leasing 1995 Ltd.             | Property:  Specific vehicle (Mercedes E350 4Matic, 2008).Date of the agreement:  May 15, 2008 Expiry date:  October 31, 2011     |   | Canada | May 20, 2008at 9:00 a.m.08-0286676-0009      |   |
| Tommy Hilfiger Canada Inc. | Prestige Audi; VW Credit Canada Inc. | Property:  Specific vehicle (Audi Q7 3.6L PREM, 2009). Date of the agreement:  October 23, 2008                                            |   | Canada | October 28, 2008at 10:27 a.m.08-0620776-0032 |   |

----

| Tommy Hilfiger Canada Inc.                                                       | Équipements G. N. Johnston Ltée | 1 Chariot Raymond Modèle: 7400-R45TT N/S: 740-10-CB202691 Batterie Oldham Modèle: 18-125F15 N/S: PL1011017051 Chargeur Oldham Modèle: PH3R18865 N/S: IB59115                                                                                                                                                                    |   | Canada  | 10-0199538-0001 2010-04-06  10:062012-04-01 |   |
|----------------------------------------------------------------------------------|-------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------|--------------------------------------------------|--------|
| Tommy Hilfiger Canada Retail Inc.Les Détaillants Tommy Hilfiger Canada Inc. | Canon Canada Inc.                         | Property:  (image runner) All goods supplied by the Lessor to the Lessee, together with all attachments, accessories, accessions, replacements, substitutions, additions and improvements to the foregoing and all proceeds therefrom. Date of the agreement:  May 29, 2009 Expiry date:  May 29, 2014 |   | Canada  | June 2, 2009at 9:00 a.m.09-0318878-0006          |   |
| Tommy Hilfiger Canada Retail Inc.                                                | CBSC Capital Inc.                         | Specific photo copies                                                                                                                                                                                                                                                                                                                          |   | Ontario | 654773256- 20090708 1948 1531 8162 (5 years)     |   |

| 2. | Liens arising under the Guarantee, dated as of January 23, 2008, by Fortis Bank (Nederland) N.V. of certain obligations of Tommy Hilfiger Group B.V. to ITOCHU Corporation (as amended, amended and restated, supplemented or otherwise modified from time to time) and Letter, dated as of January 25, 2008, from Tommy Hilfiger Group B.V. to Fortis Bank (Nederland) N.V. (as amended, amended and restated, supplemented or otherwise modified from time to time) |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | The following IP liens: |
|----|-------------------------|

----

| Mark   | Application No. / Filing Date | Registration No. / Registration Date | Liens                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|--------|-------------------------------|--------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Calvin | 7237959512/28/1970            | 093399905/16/1972                    | Transamerica Business Credit Corporation security interest recorded 08/12/1993 at Reel/Frame No. 1043/0001. Transamerica Business Credit Corporation security interest recorded 02/08/95 at Reel/Frame No. 1282/0110. The CIT Group/Commercial Services, Inc. UCC-1 financing statement recorded 12/29/1995 at Reel/Frame No. 1385/0078. Phillips-Van Heusen Corporation security interest recorded 12/21/2006 at Reel/Frame No. 3449/0151. |

----

|    | 1.           Indenture dated as of November 1, 1993, between Phillips-Van Heusen Corporation (“PVH”) and The Bank of New York Mellon, as trustee (as amended, amended and restated, supplemented or otherwise modified from time to time) |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    | 2.           Indenture, dated as of May 6, 2010, between PVH and U.S. Bank National Association, as trustee (as amended, amended and restated, supplemented or otherwise modified from time to time) |
|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    | 3.           Stock Purchase Agreement dated as of December 17, 2002, among PVH, the CK Companies and the sellers named therein (as amended, amended and restated, supplemented or otherwise modified from time to time) |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    | 4.           Amended and Restated Pledge and Security Agreement, dated as of May 6, 2010, among PVH, the CK Companies, Mr. Calvin Klein and The Bank of New York Mellon Trust Company, N.A., as collateral agent (as amended, amended and restated, supplemented or otherwise modified from time to time) |
|--------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    | 5.           Pledgor Guarantee, dated as of February 12, 2003, among the CK Companies and Mr. Calvin Klein (as amended, amended and restated, supplemented or otherwise modified from time to time) |
|--------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    | 6.           CK Intercreditor Agreement, dated as of May 6, 2010, between The Bank of New York Mellon Trust Company, N.A., as first lien collateral agent, and Barclays Bank PLC, as second lien collateral agent (as amended, amended and restated, supplemented or otherwise modified from time to time) |
|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    | 7.           Stock Purchase Agreement, dated as of December 27, 2007, between Tommy Hilfiger Group B.V. and ITOCHU Corporation (as amended, amended and restated, supplemented or otherwise modified from time to time) |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    | 8.           Stockholders’ Agreement, dated as of December 27, 2007, among ITOCHU Corporation, Novel Sportswear Holdings (Japan) Limited, HHS Investments (Japan) Limited, Loong San Holdings Limited, Tommy Hilfiger Group B.V. and Tommy Hilfiger Japan Corporation (as amended, amended and restated, supplemented or otherwise modified from time to time) |
|--------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    | 9.           Guarantee, dated as of January 23, 2008, by Fortis Bank (Nederland) N.V. of certain obligations of Tommy Hilfiger Group B.V. to ITOCHU Corporation (as amended, amended and restated, supplemented or otherwise modified from time to time) and Letter, dated as of January 25, 2008, from Tommy Hilfiger Group B.V. to Fortis Bank (Nederland) N.V. (as amended, amended and restated, supplemented or otherwise modified from time to time) |
|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    | 10.           Amended and Restated Factoring Agreement, dated as of April 1, 2005, between Tommy Hilfiger U.S.A., Inc. and Wells Fargo Century, Inc. (as amended, amended and restated, supplemented or otherwise modified from time to time) |
|--------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|    | 11.           Facility Letter, dated as of January 26, 2010, among Tommy Hilfiger Canada Inc., Tommy Hilfiger Canada Retail Inc. and HSBC Bank Canada, Guaranty, dated as of January 24, 2008, by Tommy Hilfiger Canada Inc. of the obligations of Les Detailllants Tommy Hilfiger Canada Inc. / Tommy Hilfiger Canada Retail Inc. to HSBC Bank Canada and Guaranty, dated as of January 24, 2008, by Les Detailllants Tommy Hilfiger Canada Inc. / Tommy Hilfiger Canada Retail Inc. of the obligations of Tommy Hilfiger Canada Inc. to HSBC Bank Canada |
|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12. | Tommy Hilfiger Japan Corporation is restricted from pledging receivables and inventory. Several department stores and fashion houses have a negative pledge clause in their contracts with Tommy Hilfiger Japan Corporation as security for the payment of rent owing under lease agreements. These restrictions were in place prior to the acquisition of Tommy Hilfiger Japan Corporation. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13. | General Credit Arrangements, dated as of June 17, 2009, among Tommy Hilfiger Group B.V., Tommy Hilfiger Europe B.V., Tommy Hilfiger U.S.A., Inc. and Fortis Bank (Nederland) N.V. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14. | Trust Agreement, dated as of March 14, 1994, between Calvin Klein, Inc. and Wilmington Trust Company, as trustee, and related agreements |
|-----|------------------------------------------------------------------------------------------------------------------------------------------|

| 15. | Quality Assurance Agreement, dated as of March 14, 1994, among Calvin Klein, Inc., Calvin Klein Trademark Trust and Warnaco Inc. |
|-----|----------------------------------------------------------------------------------------------------------------------------------|

----

| 1. | Intercompany loans as described in item 9 on Schedule 6.01 and any capitalization of any such Indebtedness. |
|----|-------------------------------------------------------------------------------------------------------------|

| 2. | Non-Subsidiary Equity Investments |
|----|-----------------------------------|

| Debtor/Grantor                  | Issuer                               | # of Shares Owned or %of Shares Owned |
|---------------------------------|--------------------------------------|---------------------------------------|
| Phillips-Van Heusen Corporation | New Sidney’s, Inc.             | 81                                    |
| EBS Building, L.L.C.            | 208                                  |
| EBS Litigation, L.L.C.          | 207                                  |
| EBS Pension, L.L.C.             | 208                                  |
| Calvin Klein, Inc.              | Manulife Financial                   | 692                                   |
| Calvin Klein Trademark Trust    | 100% of Class A Interests            |
| Cluett, Peabody & Co., Inc. | Beijing Innovative Garment Co., Ltd. | 5%                                    |
| Industrias Jatu, S.A.           | 10.11%                               |

| 3. | Guaranty by Phillips-Van Heusen Corporation of the obligations of PVH Limited under the Concession Agreements between Harvey Nichols and Company Limited ("HN") and PVH Limited relating to PVH Limited's concessions to operate shops within HN's stores in the United Kingdom at Knightsbridge, Edinburgh and Manchester |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | Guaranty by Phillips-Van Heusen Corporation of the obligations of Egypt Clothing Co. to Penfabric Sdn. Berhad |
|----|---------------------------------------------------------------------------------------------------------------|

| 5. | Guaranty by Phillips-Van Heusen Corporation to American Express Travel Related Services, Inc. regarding corporate credit cards held by PVH employees |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6. | Guaranty by Phillips-Van Heusen Corporation to American Express International Inc. regarding corporate credit cards held by Phillips-Van Heusen Corporation employees |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7. | Guaranty by Phillips-Van Heusen Corporation of Fenwick Limited's obligations to Dolce & Gabanna |
|----|-----------------------------------------------------------------------------------------------------|

----

| 8. | Trust Agreement, dated as of March 14, 1994, between Calvin Klein, Inc. and Wilmington Trust Company, as trustee |
|----|------------------------------------------------------------------------------------------------------------------|

| 9. | Worldwide Transfer Agreement, dated as of March 14, 1994, among Calvin Klein, Inc., Calvin Klein Trademark Trust and Warnaco Inc. |
|----|-----------------------------------------------------------------------------------------------------------------------------------|

|   | 10. Foreign exchange arrangements identified in item 12 of Schedule 6.01 |
|--------|--------------------------------------------------------------------------|

----

----

| 1. | Sale and Purchase Agreement of the Entire Interest of Hilfiger Stores Spain, S.L., dated as of May 26, 2008, between Pepe Jeans SL and Hilfiger Stores B.V. (as amended, amended and restated, supplemented or otherwise modified from time to time) |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | Affiliate Agreement, dated as of June 29, 2009, between Pepe Jeans SL and Hilfiger Stores B.V. (as amended, amended and restated, supplemented or otherwise modified from time to time) |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | Agency Agreement, effective January 1, 2007, between Tommy Hilfiger Europe B.V. and Pepe Jeans SL (as amended, amended and restated, supplemented or otherwise modified from time to time) |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | Stock Purchase Agreement, dated as of December 27, 2007, between Tommy Hilfiger Group B.V. and ITOCHU Corporation (as amended, amended and restated, supplemented or otherwise modified from time to time) |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5. | Stockholders’ Agreement, dated as of December 27, 2007, among ITOCHU Corporation, Novel Sportswear Holdings (Japan) Limited, HHS Investments (Japan) Limited, Loong San Holdings Limited, Tommy Hilfiger Group B.V. and Tommy Hilfiger Japan Corporation (as amended, amended and restated, supplemented or otherwise modified from time to time) |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6. | The shares of Madison Clothing Ltd. are owned 50% by Thomas Rieffel and 50% by Daniel Grieder.  Daniel Grieder stepped down as President of the Board of Madison Clothing Ltd. on July 28, 2004. Since then, Daniel Grieder has not been involved at all in the business of Madison Clothing Ltd. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7. | Insurance policies with Hub International |
|----|-------------------------------------------|

| 8. | E-Commerce Agreement, dated as of April 22, 2009, between Tommy Hilfiger Europe B.V. and Heycom (renamed D+S Netrada) |
|----|-----------------------------------------------------------------------------------------------------------------------|

| 9. | Trust Agreement, dated as of March 14, 1994, between Calvin Klein, Inc. and Wilmington Trust Company, as trustee |
|----|------------------------------------------------------------------------------------------------------------------|

| 10. | Servicing Agreement, dated as of March 14, 1994, between Calvin Klein, Inc. and Calvin Klein Trademark Trust |
|-----|--------------------------------------------------------------------------------------------------------------|

| 11. | Quality Assurance Agreement, dated as of March 14, 1994, among Calvin Klein, Inc., Calvin Klein Trademark Trust and Warnaco Inc. |
|-----|----------------------------------------------------------------------------------------------------------------------------------|

| 12. | Worldwide Transfer Agreement, dated as of March 14, 1994, among Calvin Klein, Inc., Calvin Klein Trademark Trust and Warnaco Inc. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------|

----

| 13. | Stockholders’ Agreement, dated as of May 6, 2010, among Phillips-Van Heusen Corporation, Tommy Hilfiger Holdings S.a.r.l., Stichting Administratiekantoor Elmira, Apax Europe VI-A, L.P., Apax Europe VI-1, L.P., and certain other parties signatory thereto |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14. | Stockholders’ Agreement, dated as of May 6, 2010, among Phillips-Van Heusen Corporation, LNK Partners, L.P. and LNK Partners (Parallel), L.P. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------|

| 15. | Stockholders’ Agreement, dated as of May 6, 2010, between Phillips-Van Heusen Corporation and MSD Brand Investments, LLC |
|-----|--------------------------------------------------------------------------------------------------------------------------------|

| 16. | David Sirkin, the son of Allen E. Sirkin, President and Chief Operating Officer of Phillips-Van Heusen Corporation, has worked for Phillips-Van Heusen Corporation since July 2007 |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

2

| U.S. Tranche A Term Loans     □   Base Rate Loans: □   Eurocurrency Rate Loans, with an initial Interest Period of ________ month(s):                                   |   $ [___,___,___]  $ [___,___,___]                           |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------|
| Foreign Tranche A Term Loans □   Eurocurrency Rate Loans, with an initial Interest Period of ________ month(s):                                                                                             |    € [___,___,___]                                          |
|  U.S. Tranche B Term Loans     □   Base Rate Loans: □   Eurocurrency Rate Loans, with an initial Interest Period of ________ month(s):                        |    $ [___,___,___]  $ [___,___,___]                     |
|  Foreign Tranche B Term Loans □   Eurocurrency Rate Loans, with an initial Interest Period of ________ month(s):                                                                                       |     € [___,___,___]                                    |
| U.S. Revolving Loans     □   Base Rate Loans: □   Eurocurrency Rate Loans, with an initial Interest Period of ________ month(s):                                        |   $ [___,___,___]  $ [___,___,___]                      |
| Canadian Revolving Loans     □    Base Rate Loans or Canadian Prime Rate Loans: □   Eurocurrency Rate Loans, with an initial Interest Period of ________ month(s): |   [$][CAD] [___,___,___]  [$][CAD] [___,___,___]   |
| Foreign Revolving Loans □Eurocurrency Rate Loans, with an initial Interest Period of ________ month(s):                                                                                                               |    [€] [£] [¥] [___,___,___]                 |
|                                                                                                                                                                                                                             |                                                                             |
| U.S. Swing Line Loans:                                                                                                                                                                                                           | $ [___,___,___]                                                             |
| Canadian Swing Line Loans:                                                                                                                                                                                                       | [$][CAD] [___,___,___]                                                      |

----

| Date: [mm/dd/yy] | [PHILLIPS-VAN HEUSEN CORPORATION, as Borrower Representative |
|------------------|--------------------------------------------------------------|

----

|   | [PHILLIPS-VAN HEUSEN CORPORATION |
|--------|----------------------------------|

|   | [TOMMY HILFIGER B.V. |
|--------|----------------------|

----

| $[___,___,___] | Eurocurrency Rate Loans to be continued with Interest Period of [____] month(s)                  |
|----------------|--------------------------------------------------------------------------------------------------|
|           |                                                                                             |
| $[___,___,___] | Base Rate Loans to be converted to Eurocurrency Rate Loans with Interest Period of ____ month(s) |
|           |                                                                                             |
| $[___,___,___] | Eurocurrency Rate Loans to be converted to Base Rate Loans                                       |
|           |                                                                                             |

| € [___,___,___] | Eurocurrency Rate Loans to be continued with Interest Period of [____] month(s) |
|-----------------------|---------------------------------------------------------------------------------|
|                  |                                                                            |

| $[___,___,___] | Eurocurrency Rate Loans to be continued with Interest Period of [____] month(s)                  |
|----------------|--------------------------------------------------------------------------------------------------|
|           |                                                                                             |
| $[___,___,___] | Base Rate Loans to be converted to Eurocurrency Rate Loans with Interest Period of ____ month(s) |
|           |                                                                                             |
| $[___,___,___] | Eurocurrency Rate Loans to be converted to Base Rate Loans                                       |
|           |                                                                                             |

| € [___,___,___] | Eurocurrency Rate Loans to be continued with Interest Period of [____] month(s) |
|-----------------------|---------------------------------------------------------------------------------|
|                  |                                                                            |

| $[___,___,___]                               | Eurocurrency Rate Loans to be continued with Interest Period of [____] month(s)                                               |
|----------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------|
|                                         |                                                                                                                          |
|  $[___,___,___]                         | Base Rate Loans to be converted to Eurocurrency Rate Loans with Interest Period of ____ month(s)                              |
|                                         |                                                                                                                          |
|  $[___,___,___]                         | Eurocurrency Rate Loans to be converted to Base Rate Loans                                                               |
|                                         |                                                                                                                          |
| 6.  Canadian Revolving Loans  |
|  [$][CAD] [___,___,___]                 | Eurocurrency Rate Loans to be continued with Interest Period of [____] month(s)                                               |
|                                         |                                                                                                                          |
|  [$][CAD] [___,___,___]                 | Base Rate Loans or Canadian Prime Rate Loans to be converted to Eurocurrency Rate Loans with Interest Period of ____ month(s) |
|                                         |                                                                                                                          |
|  [$][CAD] [___,___,___]                 | Eurocurrency Rate Loans to be converted to Base Rate Loans or Canadian Prime Rate Loans                                       |

|   [€] [£] [¥] [___,___,___] | Eurocurrency Rate Loans to be continued with Interest Period of [____] month(s) |
|-------------------------------------------------------|---------------------------------------------------------------------------------|

----

| Date: [mm/dd/yy] | PHILLIPS-VAN HEUSEN CORPORATION, as Borrower Representative |
|------------------|-------------------------------------------------------------|

----

3

----

  

----

|   | Date: [mm/dd/yy] |
|--------|------------------|

|   | [PHILLIPS-VAN HEUSEN CORPORATION |
|--------|----------------------------------|

|   | [TOMMY HILFIGER B.V. |
|--------|----------------------|

----

4

----

  
| 4 | A Restatement Date Conversion Notice must be completed for each fund that has been allocated a portion of the facilities under the Amended and Restated Credit Agreement and desires to convert its Original Loans into analogous Loans under the Amended and Restated Credit Agreement. |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

|   | ¨ | U.S. TRANCHE A TERM LOANS: its Original U.S. Tranche A Term Loans in the amount set forth below be converted to U.S. Tranche A Term Loans: (select one) |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ¨ | FOREIGN TRANCHE A TERM LOANS: its Original Foreign Tranche A Term Loans in the amount set forth below be converted to Foreign Tranche A Term Loans; (select one) |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ¨ | U.S. TRANCHE B TERM LOANS: its Original U.S. Tranche B Term Loans in the amount set forth below be converted to U.S. Tranche B Term Loans; (select one) |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ¨ | FOREIGN TRANCHE B TERM LOANS: its Original Foreign Tranche B Term Loans in the amount set forth below be converted to Foreign Tranche B Term Loans; (select one) |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ¨ | U.S. REVOLVER: its Original U.S. Revolving Commitments (and any Original U.S. Revolving Loans, if any) in the amount set forth below be converted to U.S. Revolving Commitments (and U.S. Revolving Loans, as applicable); (select one) |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ¨ | FOREIGN REVOLVER: its Original Foreign Revolving Commitments (and any Original Foreign Revolving Loans, if any) be converted to Foreign Revolving Commitments (and Foreign Revolving Loans, as applicable);  (select one) |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ¨ | CANADIAN REVOLVER: its Original Canadian Revolving Commitments (and any Original Canadian Revolving Loans, if any) be converted to Canadian Revolving Commitments (and Canadian Revolving Loans, as applicable); (select one) |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

|   | [PHILLIPS-VAN HEUSEN CORPORATION |
|--------|----------------------------------|

|   | [TOMMY HILFIGER B.V. |
|--------|----------------------|

----

----

----

|   | [PHILLIPS-VAN HEUSEN CORPORATION |
|--------|----------------------------------|

|   | [TOMMY HILFIGER B.V. |
|--------|----------------------|

----

----

----

|   | [PHILLIPS-VAN HEUSEN CORPORATION |
|--------|----------------------------------|

|   | [TOMMY HILFIGER B.V. |
|--------|----------------------|

----

| TRANSACTIONS ONREVOLVING LOAN NOTE  |
|------------------------------------------|
|  Date                               | Amount of Loan Made This Date | Amount of Principal Paid This Date | Outstanding PrincipalBalance This Date | NotationMade By |
|                                     |   |   |   |   |
|                                     |   |   |   |   |

|   |   |   |   |   |
|--------|--------|--------|--------|--------|
|   |   |   |   |   |

----

----

----

----

| TRANSACTIONS ONSWING LINE NOTE  |
|--------------------------------------|
|  Date                           | Amount of Loan Made This Date | Amount of Principal Paid This Date | Outstanding PrincipalBalance This Date | NotationMade By |
|                                 |   |   |   |   |
|                                 |   |   |   |   |

|   |   |   |   |   |
|--------|--------|--------|--------|--------|
|   |   |   |   |   |

----

----

----

|   | [PHILLIPS-VAN HEUSEN CORPORATION |
|--------|----------------------------------|

|   | [TOMMY HILFIGER B.V. |
|--------|----------------------|

----

|   | PHILLIPS-VAN HEUSEN CORPORATION, as |
|--------|-------------------------------------|

|   | Borrower Representative |
|--------|-------------------------|

----

5

----

  

----

6

----

  

----

7

|   | (iii) | minus, to the extent included in calculating Consolidated Net Income, the sum of: |
|--------|-------|-----------------------------------------------------------------------------------|

----

  

----

8

|   | (i) | Consolidated Adjusted EBITDA: | $[___,___,___] |
|--------|-----|-------------------------------|----------------|

|   | (ii) | Consolidated Cash Interest Expense: | $[___,___,___] |
|--------|------|-------------------------------------|----------------|

----

  

----

9

10

----

  

  
|   | 10 Including Rollover Amount and the Acquired Permitted CapEx Amount calculated below. |
|--------|---------------------------------------------------------------------------------------------|

----

11

----

  

----

----

|   | (a) | as at [______], the aggregate (without duplication) Group Member Adjusted EBITDA for the most recently ended Fiscal Year attributable to the Loan Parties as a group is [______], being [__] percent of the Consolidated Adjusted EBITDA for the most recently ended Fiscal Year; and |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | as at [______], the aggregate (without duplication) Group Member Assets of the Loan Parties as a group as of the last day of the most recently ended Fiscal Year are [______], being [__] percent of the Consolidated Total Assets as of the last day of the most recently ended Fiscal Year. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | PHILLIPS-VAN HEUSEN CORPORATION, as |
|--------|-------------------------------------|

|   | Borrower Representative |
|--------|-------------------------|

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|   | PHILLIPS-VAN HEUSEN CORPORATION, asBorrower Representative |
|--------|------------------------------------------------------------|

|   | _______________________ |
|--------|-------------------------|

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|   | PHILLIPS-VAN HEUSEN CORPORATION |
|--------|---------------------------------|

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12

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|   | 12 To be included if the signing party is not already party to the Credit Agreement as a Guarantor. |
|--------|----------------------------------------------------------------------------------------------------------|

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| RECORDING REQUESTED BY:Latham &  Watkins LLP AND WHEN RECORDED MAIL TO: Latham & Watkins LLP885 Third AvenueSuite 1000New York, New York 10022-4834Attn: Shira Bressler, Esq.  Re: [NAME OF MORTGAGOR] Location: [PROPERTY] Municipality: County: State:  |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|

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|  RECORDING REQUESTED BY:Latham & Watkins LLP AND WHEN RECORDED MAIL TO: Latham & Watkins LLP885 Third AvenueNew York, New York 10022Attn: Melissa S. Alwang, Esq. Re:  Phillips-Van Heusen Corporation |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|

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13

| 1. | Incremental Term Loan Maturity Date.  The Incremental Term Loan Maturity Date for the Series [__] Incremental Term Loan shall be [   ]. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | Applicable Margin. |
|----|--------------------|

|   | i. | Base Rate Loans: The Applicable Margin for each Series [__] Incremental Term Loan that is a Base Rate Loan shall mean, as of any date of determination, [___]% per annum. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ii. | Eurodollar Rate Loans: The Applicable Margin for each Series [__] Incremental Term Loan that is a Eurodollar Rate Loan shall mean, as of any date of determination, [___]% per annum. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | Principal Payments.  [U.S. Borrower] [Foreign Borrower] shall make principal payments on the Series [__] Incremental Term  Loans in accordance with Section 2.12 of the Credit Agreement in installments on the dates and in the amounts set forth below: |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  (A)PaymentDate |  (B)ScheduledRepayment ofSeries [__] IncrementalTerm Loans   |
|----------------------|-------------------------------------------------------------------|
|                 |        [$] [€]__________ |
|                 |        [$] [€]__________ |
|                 |        [$] [€]__________ |
|                 |        [$] [€]__________ |
|                 |        [$] [€]__________ |
|                 |        [$] [€]__________ |
|                 |        [$] [€]__________ |
|                 |        [$] [€]__________ |
|                 |        [$] [€]__________ |
|                 |        [$] [€]__________ |
|                 |        [$] [€]__________ |
|                 |        [$] [€]__________ |
|                 |        [$] [€]__________ |
|                 |        [$] [€]__________ |
|  TOTAL          |        [$] [€]__________ |

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| 4. | Voluntary and Mandatory Prepayments.  Scheduled installments of principal of the [Series [__]] Incremental Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the [Series [__]] Incremental Term Loans in accordance with Sections 2.13, 2.14 and 2.15 of the Credit Agreement as applicable. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5. | Other Fees.  [U.S. Borrower] [Foreign Borrower] agrees to pay each [Incremental Term Loan Lender] [Incremental Revolving Lender] party hereto its Pro Rata Share of an aggregate fee equal to [________ __, ____] on [_________ __, ____]. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6. | Proposed Borrowing.  This Agreement represents [U.S. Borrower’s] [Foreign Borrower’s] request to borrow [Series [__] Incremental Term Loans] from the Incremental Term Loan Lenders party hereto as follows (the “Proposed Borrowing”): |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | a. | Business Day of Proposed Borrowing:  ___________, ____ |
|--------|----|------------------------------------------------------------------|

|   | b. | Amount of Proposed Borrowing:  [$][€]___________________ |
|--------|----|--------------------------------------------------------------------------|

|   | c. | Interest rate option: | ¨ |    a.  Base Rate Loan(s) |
|--------|----|-----------------------|--------|-----------------------------------------|

| 7. | [IncrementalLenders.  Each [Incremental Term Loan Lender] [Incremental Revolving Loan Lender] party hereto acknowledges and agrees that upon its execution of this Agreement [and the making of [Series [__]Incremental Term Loans][ Incremental Revolving Loans]] that such [Incremental Term Loan Lender] [Incremental Revolving Loan Lender] shall become a “Lender” under, and for all purposes of, the Credit Agreement and the other Loan Documents, and shall be subject to and bound by the terms thereof, and shall perform all the obligations of and shall have all rights of a Lender thereunder.]14 |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8. | Credit Agreement Governs.  Except as set forth in this Agreement, [Series [__] Incremental Term Loans] [Incremental Revolving Loans] shall otherwise be subject to the provisions of the Credit Agreement and the other Loan Documents. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9. | [U.S. Borrower’s] [Foreign Borrower’s] Certifications.  By its execution of this Agreement, the undersigned officer, to the best of his or her knowledge, and [U.S. Borrower] [Foreign Borrower] hereby certifies that: |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | i. | The representations and warranties contained in the Credit Agreement and in the other Loan Documents are true and correct in all material respects on and as of |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | 14 Insert bracketed language if the lending institution is not already a Lender. |
|--------|---------------------------------------------------------------------------------------|

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|   | the date hereof to the same extent as though made on and as of the date hereof, except to the extent such representations and warranties specifically relate to an earlier date, in which case such representations and warranties were true and correct in all material respects on and as of such earlier date; provided, that to the extent any such representation or warranty is already qualified by materiality or Material Adverse Effect, such representation or warranty is true and correct in all respects; |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ii. | No Default or Event of Default exists on the Increased Amount Date before or after giving effect to the Incremental Revolving Commitments or Incremental Term Loan Commitments, as applicable, provided for hereby; and |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10. | [U.S. Borrower] [Foreign Borrower] Covenants.  By its execution of this Agreement, [U.S. Borrower] [Foreign Borrower] hereby covenants that: |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | i. | [[U.S. Borrower] [Foreign Borrower] shall make any payments required pursuant to Section 2.11[(a)][(b)] of the Credit Agreement in connection with the Incremental Revolving Loan Commitments;]15 |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ii. | [U.S. Borrower] [Foreign Borrower] shall deliver or cause to be delivered the following legal opinions and documents: [___________], together with all other legal opinions and other documents reasonably requested by Administrative Agent in connection with this Agreement; and |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | iii. | Set forth on the attached Officers’ Certificate are the calculations (in reasonable detail) demonstrating that the U.S. Borrower [(x)] is in pro forma compliance with each of the covenants set forth in Section 6.07 of the Credit Agreement [and (y) on a pro forma basis, has a Senior Secured Leverage Ratio of not more than 2.00:1.00, in each case,]16 as of the last day of the most recently ended Fiscal Quarter after giving effect to the Incremental Revolving Commitments or Incremental Term Loan Commitments, as applicable, provided for hereby. |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11. | Eligible Assignee.  By its execution of this Agreement, each Incremental Lender represents and warrants that it is an Eligible Assignee. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------|

| 12. | Notice.  For purposes of the Credit Agreement, the initial notice address of each [Incremental Term Loan Lender] [Incremental Revolving Loan Lender] shall be as set forth below its signature below. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13. | Non-US Lenders.  For each Incremental Lender that is a Non-U.S. Lender, delivered herewith to Administrative Agent are such forms, certificates or other evidence with respect to United States federal income tax withholding matters as such Incremental Lender may be required to deliver to Administrative Agent pursuant to subsection 2.20(c) of the Credit Agreement. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14. | Recordation of the IncrementalLoans.  Upon execution and delivery hereof, Administrative Agent will record the  [Series [__] Incremental Term Loans] [Incremental Revolving Loans] made by the Incremental Lenders in the Register. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | 15 Select this provision in the circumstance where Loans are Incremental Revolving Loans. |
|--------|------------------------------------------------------------------------------------------------|

  
|   | 16 Include in the circumstance where the Incremental Term Loans and Incremental Revolving Commitments will exceed $500,000,000 in the aggregate. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------|

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| 16. | Entire Agreement.  This Agreement, the Credit Agreement and  the other Loan Documents constitute the entire agreement among the parties with respect to the subject matter hereof and thereof and supersede all other prior agreements and understandings, both written and verbal, among the parties or any of them with respect to the subject matter hereof. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 17. | GOVERNING LAW.  THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 18. | Severability.  Any term or provision of this Agreement which is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and provisions of this Agreement or affecting the validity or enforceability of any of the terms or provisions of this Agreement in any other jurisdiction.  If any provision of this Agreement is so broad as to be unenforceable, the provision shall be interpreted to be only so broad as would be enforceable. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 19. | Counterparts.  This Agreement may be executed in counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same agreement. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  Name of Lender        |  Type of Commitment                                                         |  Amount                               |
|-----------------------------|----------------------------------------------------------------------------------|--------------------------------------------|
|  [___________________] |  [Incremental Term Loan Commitment] [Incremental Revolving Loan Commitment] |  [$][€]____________________     |
|                        |                                                                             |                                       |
|                        |                                                                             |  Total: [$][€]_________________ |

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|   | (i) | Accounts; |
|--------|-----|-----------|

|   | (ii) | Chattel Paper; |
|--------|------|----------------|

|   | (iii) | Documents; |
|--------|-------|------------|

|   | (iv) | General Intangibles; |
|--------|------|----------------------|

|   | (v) | Goods (including, without limitation, Inventory and Equipment); |
|--------|-----|-----------------------------------------------------------------|

|   | (vi) | Instruments; |
|--------|------|--------------|

|   | (vii) | Insurance; |
|--------|-------|------------|

|   | (viii) | Intellectual Property (including, without limitation, any Material Registered Exclusive Copyright Licenses) |
|--------|--------|-------------------------------------------------------------------------------------------------------------|

|   | (ix) | Investment Related Property (including, without limitation, Deposit Accounts); |
|--------|------|--------------------------------------------------------------------------------|

|   | (x) | Letter-of-Credit Rights; |
|--------|-----|--------------------------|

|   | (xi) | Money; |
|--------|------|--------|

|   | (xii) | Receivables and Receivable Records; |
|--------|-------|-------------------------------------|

|   | (xiii) | Commercial Tort Claims now or hereafter described on Schedule 5.2 of the U.S. Pledge and Security Agreement; |
|--------|--------|--------------------------------------------------------------------------------------------------------------|

|   | (xiv) | to the extent not otherwise included above, all other personal property of any kind and all Collateral Records, Collateral Support and Supporting Obligations relating to any of the foregoing; and |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (xv) | to the extent not otherwise included above, all Proceeds, products, accessions, rents and profits of or in respect of any of the foregoing. |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------|

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| Reaffirming Parties: | PHILLIPS-VAN HEUSEN CORPORATION, as U.S. Borrower |
|----------------------|---------------------------------------------------|

|   | By: |
|--------|-----|

|   | Name: |
|--------|-------|

|   | By: |
|--------|-----|

|   | Name: |
|--------|-------|

|   | By: |
|--------|-----|

|   | Name: |
|--------|-------|

|   | By: |
|--------|-----|

|   | Name: |
|--------|-------|

|   | By: |
|--------|-----|

|   | Name: |
|--------|-------|

|   | By: |
|--------|-----|

|   | Name: |
|--------|-------|

|   | By: |
|--------|-----|

|   | Name: |
|--------|-------|

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|   | Title: |
|--------|--------|

|   | By: |
|--------|-----|

|   | Name: |
|--------|-------|

|   | By: |
|--------|-----|

|   | Name: |
|--------|-------|

|   | By: |
|--------|-----|

|   | Name: |
|--------|-------|

|   | By: |
|--------|-----|

|   | Name: |
|--------|-------|

|   | By: |
|--------|-----|

|   | Name: |
|--------|-------|

|   | By: |
|--------|-----|

|   | Name: |
|--------|-------|

|   | By: |
|--------|-----|

|   | Name: |
|--------|-------|

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|   |  PVH RETAIL STORES, INC.By: |
|--------|----------------------------------|

|   | Name: |
|--------|-------|

|   | By: |
|--------|-----|

|   | Name: |
|--------|-------|

|   | By: |
|--------|-----|

|   | Name: |
|--------|-------|

|   | By: |
|--------|-----|

|   | Name: |
|--------|-------|

|   | By: |
|--------|-----|

|   | Name: |
|--------|-------|

|   | By: |
|--------|-----|

|   | Name: |
|--------|-------|

|   | By: |
|--------|-----|

|   | Name: |
|--------|-------|

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|   | (i) | Accounts; |
|--------|-----|-----------|

|   | (ii) | Chattel Paper; |
|--------|------|----------------|

|   | (iii) | Documents; |
|--------|-------|------------|

|   | (iv) | General Intangibles; |
|--------|------|----------------------|

|   | (v) | Goods (including, without limitation, Inventory and Equipment); |
|--------|-----|-----------------------------------------------------------------|

|   | (vi) | Instruments; |
|--------|------|--------------|

|   | (vii) | Insurance; |
|--------|-------|------------|

|   | (viii) | Intellectual Property (including, without limitation, any Material Registered Exclusive Copyright Licenses); |
|--------|--------|--------------------------------------------------------------------------------------------------------------|

|   | (ix) | Investment Related Property (including, without limitation, Deposit Accounts); |
|--------|------|--------------------------------------------------------------------------------|

|   | (x) | Letter of Credit Rights; |
|--------|-----|--------------------------|

|   | (xi) | Money; |
|--------|------|--------|

|   | (xii) | Receivables and Receivable Records; |
|--------|-------|-------------------------------------|

|   | (xiii) | Commercial Tort Claims now or hereafter described on Schedule 5.2 of the CKI Related Assets Pledge and Security Agreement; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------|

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|   | (xiv) | to the extent not otherwise included above, all other personal property of any kind and all Collateral Records, Collateral Support and Supporting Obligations relating to any of the foregoing; and |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (xv) | to the extent not otherwise included above, all Proceeds, products, accessions, rents and profits of or in respect of any of the foregoing. |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------|

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