Document:

exv10w5

Exhibit 10.5

AMENDMENT NO. 2 TO THE

AMENDED AND RESTATED

FIVE-YEAR CREDIT AGREEMENT

Dated as of June 6, 2008

          AMENDMENT NO. 2 TO THE AMENDED AND RESTATED FIVE YEAR CREDIT AGREEMENT by and among Jones
Apparel Group USA, Inc. (formerly known as Kasper, Ltd.), a Delaware corporation (the
“Borrower”), the other Additional Obligors referred to therein, the banks, financial
institutions and other institutional lenders parties to the 2005 Credit Agreement referred to below
(collectively, the “Lenders”) and
Wachovia Bank, National Association, as agent (the
“Administrative Agent”) for the Lenders.

          PRELIMINARY STATEMENTS:

          (1) The Borrower’s predecessor in interest Jones Apparel Group USA, Inc., a Pennsylvania
corporation (“Old Jones USA”), the Additional Obligors, the Lenders, the Administrative Agent and
other parties thereto had entered into an Amended and Restated Five-Year Credit Agreement dated as
of May 16, 2005, as amended by Amendment No. 1 dated as of July 27, 2007 (as amended, the “2005
Credit Agreement”). Capitalized terms not otherwise defined in this Amendment have the same
meanings as specified in the 2005 Credit Agreement.

          (2) Old Jones USA merged into the Borrower as of January 1, 2007.

          (3) The Borrower has requested changes and modifications to the 2005 Credit Agreement as
hereinafter set forth; the Required Lenders are, on the terms and conditions stated below, willing
to grant the request of the Borrower; and the Borrower and the Required Lenders have agreed to
further amend the 2005 Credit Agreement as hereinafter set forth.

          SECTION 1. Amendments to 2005 Credit Agreement. The 2005 Credit Agreement is,
effective as of the date hereof and subject to the satisfaction of the conditions precedent set
forth in Section 2, hereby amended in its entirety to read in full as set forth in Annex A
hereto.

          SECTION 2. Conditions of Effectiveness. This Amendment is subject to the provisions of
Section 14.11 of the 2005 Credit Agreement. This Amendment shall become effective as of the date
first above written (the “Amendment Effective Date”) when and only when, on or before the Amendment
Effective Date, the Administrative Agent shall have received:

          (a) Counterparts of this Amendment executed by the Borrower, the
Additional Obligors and the Required Lenders.

          (b) A certificate from a Responsible Officer, in form and
substance reasonably satisfactory to the Administrative Agent, to the effect that all
representations and warranties of the Borrower contained in the 2005 Credit Agreement, as
amended hereby, are true, correct and complete in all material respects with the same
effect as if made on and as of the Amendment Effective Date, except to the extent such
representations and warranties expressly relate to an earlier date (in which case such
representations and warranties shall be true and correct in all material respects as
of such earlier date); that the Borrower is not in violation of any

 

 

of the covenants contained in the 2005 Credit Agreement, as amended hereby; that, after
giving effect to the transactions contemplated by this Amendment, no Default or Event of
Default has occurred and is continuing; and that each of the conditions to the
effectiveness of this Amendment has been satisfied or waived (assuming satisfaction of the
Administrative Agent where not advised otherwise).

          (c) A certificate of the secretary, assistant secretary or general counsel
of the Borrower certifying as to the incumbency and genuineness of the signature
of each officer of the Borrower executing this Amendment and certifying that attached
thereto is a true, correct and complete copy of resolutions duly adopted by the Board of
Directors of the Borrower authorizing the borrowings contemplated under the 2005 Credit
Agreement, as amended hereby, and the execution, delivery and performance of this
Amendment.

          (d) Favorable opinions of Ira M. Dansky, General Counsel to the Borrower,
Cravath, Swaine & Moore LLP, special counsel to the Borrower, Schnader Harrison Segal &
Lewis LLP, Pennsylvania counsel to the Borrower, and Drinker Biddle & Reath LLP, New Jersey
counsel to the Borrower, addressed to the Administrative Agent and the Lenders with respect
to the Borrower, the Loan Documents and such other matters as the Lenders shall reasonably
request.

          SECTION 3. Reference to and Effect on the 2005 Credit Agreement and the Notes. (a) On
and after the Amendment Effective Date, each reference in the 2005 Credit Agreement to “this
Agreement”, “hereunder”, “hereof” or words of like import referring to the 2005 Credit Agreement,
and each reference in (i) the Notes and (ii) each of the other Loan Documents, to “the Credit
Agreement”, “thereunder”, “thereof” or words of like import referring to the 2005 Credit Agreement,
shall mean and be a reference to the 2005 Credit Agreement, as amended by this Amendment.

          (b) The 2005 Credit Agreement, the Notes and each of the other Loan Documents, as
specifically amended by this Amendment, are and shall continue to be in full force and effect and
are hereby in all respects ratified and confirmed.

          (c) Changes in the Applicable Margin effected by this Amendment shall be effective
for all periods (or portions thereof) on and after the Amendment Effective Date. Any interest, fees
or other amounts accruing on the basis of the Applicable Margin during periods (or portions
thereof) prior to the Amendment Effective Date will accrue on the basis of the Applicable Margin in
effect for such periods prior to the Amendment Effective Date.

          (d) The execution, delivery and effectiveness of this Amendment shall not, except as
expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the
Administrative Agent under the 2005 Credit Agreement, nor constitute a waiver of any provision of
the 2005 Credit Agreement.

          SECTION 4. Costs, Expenses. The Borrower agrees to pay on demand all reasonable costs
and expenses of the Administrative Agent and the Arrangers in connection with the preparation,
execution, delivery and administration, modification and amendment of this Amendment and the other
instruments and documents to be delivered hereunder (including,
without limitation, the reasonable fees and disbursements of counsel for the Administrative
Agent and the Arrangers) in accordance with the terms of Section 14.2 of the 2005 Credit Agreement.

          SECTION 5. Execution in Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of which when so

2

 

executed shall be deemed to be an original and all of which taken together shall constitute but one
and the same agreement. Delivery of an executed counterpart of a signature page to this Amendment
by telecopier or other electronic medium shall be effective as delivery of a manually executed
counterpart of this Amendment.

          SECTION 6. Governing Law. This Amendment shall be governed by, and construed in
accordance with, the laws of the State of New York.

3 

 

          IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective officers thereunto duly
authorized,
as of the date first above written.

	 	 	 	 	 
	 	JONES APPAREL GROUP USA, INC.,

as Borrower

 	 
	 	By:  	/s/ Joseph T. Donnalley
 	 
	 	 	Name:  	Joseph T. Donnalley 	 
	 	 	Title:  	Treasurer 	 
	 
	 	JONES APPAREL GROUP, INC.,

as Additional Obligor

 	 
	 	By:  	/s/ Joseph T. Donnalley
 	 
	 	 	Name:  	Joseph T. Donnalley 	 
	 	 	Title:  	Treasurer and Senior Vice President,
Corporate Taxation and Risk
Management 	 
	 
	 	JONES APPAREL GROUP HOLDINGS, INC.,

as Additional Obligor

 	 
	 	By:  	/s/ Joseph T. Donnalley
 	 
	 	 	Name:  	Joseph T. Donnalley 	 
	 	 	Title:  	Treasurer 	 
	 
	 	JONES RETAIL CORPORATION,

as Additional Obligor

 	 
	 	By:  	/s/ Joseph T. Donnalley
 	 
	 	 	Name:  	Joseph T. Donnalley 	 
	 	 	Title:  	Vice President & Treasurer 	 
	 
	 	NINE WEST FOOTWEAR CORPORATION,

as Additional Obligor

 	 
	 	By:  	/s/ Joseph T. Donnalley
 	 
	 	 	Name:  	Joseph T. Donnalley 	 
	 	 	Title:  	Treasurer 	 

 

 

	 	 	 	 	 
	 	Agreed as of the date first above written:

WACHOVIA BANK, NATIONAL ASSOCIATION,

as Administrative Agent, Issuing Lender and Lender

 	 
	 	By:  	/s/ Susan T. Gallagher
 	 
	 	 	Name:  	Susan T. Gallagher 	 
	 	 	Title:  	Director 	 
	 
	 	JPMORGAN CHASE BANK, N.A.,

as Issuing Lender and Lender

 	 
	 	By:  	/s/
James A. Knight 	 
	 	 	Name:  	James A. Knight	 
	 	 	Title:  	Vice President	 
	 
	 	CITIBANK, N.A.,

as Issuing Lender and Lender

 	 
	 	By:  	/s/ Shannon A. Sweeney	 
	 	 	Name:  	Shannon A. Sweeney	 
	 	 	Title:  	Vice President	 
	 
	 	BANK OF AMERICA, N.A.,

as Issuing Lender and Lender

 	 
	 	By:  	 /s/ Thomas J. Kane

 	 
	 	 	Name:  	Thomas J. Kane	 
	 	 	Title:  	SVP	 
	 
	 	BARCLAYS BANK PLC,

as Lender

 	 
	 	By:  	/s/ Alicia Borys
 	 
	 	 	Name:  	Alicia Borys 	 
	 	 	Title:  	Manager 	 

 

	 	 	 	 	 
	 	SUNTRUST BANK

as Lender

 	 
	 	By:  	/s/ Michael J. Vegh
 	 
	 	 	Name:  	Michael J. Vegh 	 
	 	 	Title:  	Vice President 	 
	 
	 	THE ROYAL BANK OF SCOTLAND PLC,

as Lender

 	 
	 	By:  	/s/ Belinda Tucker
 	 
	 	 	Name:  	Belinda Tucker 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	THE BANK OF NOVA SCOTIA

as Lender

 	 
	 	By:  	/s/ Olivia L. Braun
 	 
	 	 	Name:  	Olivia L. Braun 	 
	 	 	Title:  	Director 	 
	 
	 	BANK OF TOKYO-MITSUBISHI UFJ, NEW YORK BRANCH

as Lender

 	 
	 	By:  	/s/ Lillian Kim
 	 
	 	 	Name:  	Lillian Kim 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	STANDARD CHARTERED BANK,

as Lender

 	 
	 	By:  	/s/ David B. Edwards
 	 
	 	 	Name:  	David B. Edwards 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	/s/ Robert K. Reddington
 	 
	 	 	Name:  	Robert K. Reddington 	 
	 	 	Title:  	AVP/Credit Documentation

Credit Risk Control

Standard Chartered Bank N.Y. 	 

 

 

	 	 	 	 	 
	 	THE BANK OF NEW YORK,

as Lender

 	 
	 	By:  	/s/ David B. Wirl
 	 
	 	 	Name:  	David B. Wirl 	 
	 	 	Title:  	Vice President 	 
	 
	 	MIZUHO CORPORATE BANK, USA,
 as Lender

 	 
	 	By:  	/s/ Raymond Ventura
 	 
	 	 	Name:  	Raymond Ventura 	 
	 	 	Title:  	Deputy General Manager 	 
	 
	 	Sumitomo Mitsui Banking Corporation,

as Lender

 	 
	 	By:  	/s/ David A. Buck
 	 
	 	 	Name:  	David A. Buck 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	Union Bank of California, N.A.

as Lender

 	 
	 	By:  	/s/ Ching Lim
 	 
	 	 	Name:  	Ching Lim 	 
	 	 	Title:  	Vice President 	 
	 
	 	U.S. BANK NATIONAL ASSOCIATION

as Lender

 	 
	 	By:  	/s/ Frances W. Josephic
 	 
	 	 	Name:  	Frances W. Josephic 	 
	 	 	Title:  	Vice President 	 

 

 

	 	 	 	 	 
	 	The Norinchukin Bank,	 
	 	as Lender

 	 
	 	By:  	/s/ Noritsugu Sato
 	 
	 	 	Name:  	Noritsugu Sato 	 
	 	 	Title:  	General Manager 	 
	 
	 	FORTIS,

as Lender

 	 
	 	By:  	/s/ Timothy Streb
 	 
	 	 	Name:  	Timothy Streb 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	/s/ Justin Mauch
 	 
	 	 	Name:  	Justin Mauch 	 
	 	 	Title:  	Vice President 	 
	 
	 	Bank of China, New York Branch,	
	 	as Lender 	 
	 
	 	By:  	/s/ William W. Smith
 	 
	 	 	Name:  	William W. Smith 	 
	 	 	Title:  	Chief Lending Officer and DGM 	 
	 
	 	CHANG HWA COMMERICAL BANK, LTD.,

NEW YORK BRANCH

as Lender

 	 
	 	By:  	/s/ Jim C.Y. Chen
 	 
	 	 	Name:  	Jim C.Y. Chen 	 
	 	 	Title:  	VP & General Manager 	 
	 
	 	E.Sun Commercial Bank, Ltd., Los Angeles Branch

as Lender

 	 
	 	By:  	/s/ Benjamin Lin
 	 
	 	 	Name:  	Benjamin Lin 	 
	 	 	Title:  	EVP & General Manager 	 

 

 

	 	 	 	 	 
	 	National Bank of Egypt - New York Branch,	
	 	as Lender	 
	 
	 	By:  	/s/ Mr. Hassan Eissa
 	 
	 	 	Name:  	Mr. Hassan Eissa 	 
	 	 	Title:  	General Manager 	 
	 
	 	BEAR STEARNS CORPORATE LENDING INC.,

as Lender

 	 
	 	By:  	/s/ Linda A. Carper
 	 
	 	 	Name:  	Linda A. Carper 	 
	 	 	Title:  	Vice President 	 
	 
	 	The Governor and Company of the Bank
of Ireland,

as Lender

 	 
	 	By:  	/s/ Emer Dalton
 	 
	 	 	Name:  	Emer Dalton 	 
	 	 	Title:  	Authorised Signatory 	 
	 
	 	By:  	/s/ Jennifer Lyons
 	 
	 	 	Name:  	Jennifer Lyons 	 
	 	 	Title:  	Authorised Signatory 	 
	 
	 	BANK
OF TAIWAN, NEW YORK AGENCY,

as Lender

 	 
	 	By:  	/s/ Thomas K.C. Wu
 	 
	 	 	Name:  	Thomas K.C. Wu 	 
	 	 	Title:  	VP & General Manager 	 
	 
	 	Land Bank of Taiwan Los Angeles
Branch,	 
	 	as Lender	 
	 
	 	By:  	/s/ Henry C.R. Leu
 	 
	 	 	Name:  	Henry C.R. Leu 	 
	 	 	Title:  	V. P. & General Manager 	 

	 	 	 	 	 
	 	FIFTH THIRD BANK,	,
	 	as Lender

 	 
	 	By:  	/s/ Randolph J. Stierer
 	 
	 	 	Name:  	Randolph J. Stierer 	 
	 	 	Title:  	Vice President 	 

 

 

	 	 	 	 	 
	 	BANK LEUMI USA,
	 	
as Lender

 	 
	 	By:  	/s/ John Koenigsberg
 	 
	 	 	Name:  	John Koenigsberg 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	By:  	/s/ Iris Steinhardt
 	 
	 	 	Name:  	Iris Steinhardt 	 
	 	 	Title:  	Vice President 	 
	 
	 	Hua Nan Commercial Bank, Ltd.

New York Agency,

as Lender

 	 
	 	By:  	/s/ Henry Hsieh
 	 
	 	 	Name:  	Henry Hsieh 	 
	 	 	Title:  	Assistant Vice President 	 
	 
	 	Taipei Fubon Commercial Bank

New York Agency

as Lender
 

 	 
	 	By:  	/s/ Sophia Jing
 	 
	 	 	Name:  	Sophia Jing 	 
	 	 	Title:  	FVP & General Manager 	 

2

 

ANNEX A

$750,000,000

AMENDED AND RESTATED FIVE-YEAR CREDIT AGREEMENT

dated as of May 16, 2005,

AMENDED AND RESTATED AS OF JUNE 6, 2008

by and among

JONES APPAREL GROUP USA, INC.,

the Additional Obligors referred to herein,

the Lenders referred to herein,

J.P. MORGAN SECURITIES INC. and CITIGROUP GLOBAL MARKETS INC.,

as Joint Lead Arrangers

and Joint Bookrunners,

WACHOVIA BANK, NATIONAL ASSOCIATION,

as Administrative Agent,

and

JPMORGAN CHASE BANK, N.A. and CITIBANK, N.A.,

as Syndication Agents,

and

BANK OF AMERICA, N.A., BARCLAYS BANK PLC and SUNTRUST BANK

as Documentation Agents

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	ARTICLE I DEFINITIONS
	 	 	1	 
	 
	 	 	 	 
	SECTION 1.1. Definitions
	 	 	1	 
	 
	 	 	 	 
	SECTION 1.2. General
	 	 	15	 
	 
	 	 	 	 
	SECTION 1.3. Other Definitions and Provisions
	 	 	16	 
	 
	 	 	 	 
	ARTICLE II REVOLVING CREDIT FACILITY 
	 	 	16	 
	 
	 	 	 	 
	SECTION 2.1. Revolving Credit Loans
	 	 	16	 
	 
	 	 	 	 
	SECTION 2.2. Procedure for Advances of Revolving Credit Loans
	 	 	16	 
	 
	 	 	 	 
	SECTION 2.3. Repayment of Revolving Credit Loans
	 	 	17	 
	 
	 	 	 	 
	SECTION 2.4. Evidence of Debt
	 	 	18	 
	 
	 	 	 	 
	SECTION 2.5. Permanent Reduction of the Revolving Credit Commitment
	 	 	18	 
	 
	 	 	 	 
	SECTION 2.6. Termination of Revolving Credit Facility
	 	 	19	 
	 
	 	 	 	 
	SECTION 2.7. Increase in the Aggregate Revolving Credit Commitments
	 	 	19	 
	 
	 	 	 	 
	ARTICLE III LETTER OF CREDIT FACILITY 
	 	 	20	 
	 
	 	 	 	 
	SECTION 3.1. L/C Commitment
	 	 	20	 
	 
	 	 	 	 
	SECTION 3.2. Procedure for Issuance of Letters of Credit
	 	 	21	 
	 
	 	 	 	 
	SECTION 3.3. Fees and Other Charges
	 	 	21	 
	 
	 	 	 	 
	SECTION 3.4. L/C Participations
	 	 	22	 
	 
	 	 	 	 
	SECTION 3.5. Reimbursement
	 	 	23	 
	 
	 	 	 	 
	SECTION 3.6. Obligations Absolute
	 	 	23	 
	 
	 	 	 	 
	SECTION 3.7 Effect of Application
	 	 	24	 
	 
	 	 	 	 
	ARTICLE IV [RESERVED] 
	 	 	24	 
	 
	 	 	 	 
	ARTICLE V GENERAL LOAN PROVISIONS 
	 	 	24	 
	 
	 	 	 	 
	SECTION 5.1. Interest
	 	 	24	 

i

 

	 	 	 	 	 

	SECTION 5.2. Notice and Manner of Conversion or Continuation of Revolving Credit
Loans
	 	 	26	 
	 
	 	 	 	 
	SECTION 5.3. Fees
	 	 	26	 
	 
	 	 	 	 
	SECTION 5.4. Manner of Payment
	 	 	26	 
	 
	 	 	 	 
	SECTION 5.5. Crediting of Payments and Proceeds
	 	 	27	 
	 
	 	 	 	 
	SECTION 5.6. Adjustments
	 	 	27	 
	 
	 	 	 	 
	SECTION 5.7. Nature of Obligations of Lenders Regarding Extensions of Credit;
Assumption by the Administrative Agent
	 	 	27	 
	 
	 	 	 	 
	SECTION 5.8. Joint and Several Liability of the Credit Parties
	 	 	28	 
	 
	 	 	 	 
	SECTION 5.9. Changed Circumstances
	 	 	29	 
	 
	 	 	 	 
	SECTION 5.10. Indemnity
	 	 	32	 
	 
	 	 	 	 
	SECTION 5.11. Capital Requirements
	 	 	32	 
	 
	 	 	 	 
	SECTION 5.12. Taxes
	 	 	33	 
	 
	 	 	 	 
	ARTICLE VI CLOSING; CONDITIONS OF CLOSING AND BORROWING
	 	 	35	 
	 
	 	 	 	 
	SECTION 6.1. Closing
	 	 	35	 
	 
	 	 	 	 
	SECTION 6.2. Conditions to Closing and Initial Revolving Credit Loans and Letters of
Credit
	 	 	35	 
	 
	 	 	 	 
	SECTION 6.3. Conditions to Extensions of Credit
	 	 	37	 
	 
	 	 	 	 
	ARTICLE VII REPRESENTATIONS AND WARRANTIES OF THE CREDIT PARTIES
	 	 	37	 
	 
	 	 	 	 
	SECTION 7.1. Representations and Warranties
	 	 	37	 
	 
	 	 	 	 
	SECTION 7.2. Survival of Representations and Warranties, Etc.
	 	 	42	 
	 
	 	 	 	 
	ARTICLE VIII FINANCIAL INFORMATION AND NOTICES
	 	 	42	 
	 
	 	 	 	 
	SECTION 8.1. Financial Statements and Projections
	 	 	43	 
	 
	 	 	 	 
	SECTION 8.2. Officer’s Compliance Certificate
	 	 	43	 
	 
	 	 	 	 
	SECTION 8.3. Accountants’ Certificate
	 	 	43	 
	 
	 	 	 	 
	SECTION 8.4. Other Reports
	 	 	44	 
	 
	 	 	 	 
	SECTION 8.5. Notice of Litigation and Other Matters
	 	 	44	 
	 
	 	 	 	 
	SECTION 8.6. Accuracy of Information
	 	 	45	 

ii

 

	 	 	 	 	 

	ARTICLE IX AFFIRMATIVE COVENANTS
	 	 	45	 
	 
	 	 	 	 
	SECTION 9.1. Preservation of Corporate Existence and Related Matters
	 	 	46	 
	 
	 	 	 	 
	SECTION 9.2. Maintenance of Property
	 	 	46	 
	 
	 	 	 	 
	SECTION 9.3. Insurance
	 	 	46	 
	 
	 	 	 	 
	SECTION 9.4. Accounting Methods and Financial Records
	 	 	46	 
	 
	 	 	 	 
	SECTION 9.5. Payment and Performance of Obligations
	 	 	46	 
	 
	 	 	 	 
	SECTION 9.6. Compliance With Laws and Approvals
	 	 	46	 
	 
	 	 	 	 
	SECTION 9.7. Environmental Laws
	 	 	46	 
	 
	 	 	 	 
	SECTION 9.8. Compliance with ERISA
	 	 	47	 
	 
	 	 	 	 
	SECTION 9.9. Conduct of Business
	 	 	47	 
	 
	 	 	 	 
	SECTION 9.10. Visits and Inspections
	 	 	47	 
	 
	 	 	 	 
	SECTION 9.11. Use of Proceeds
	 	 	47	 
	 
	 	 	 	 
	ARTICLE X FINANCIAL COVENANTS
	 	 	47	 
	 
	 	 	 	 
	SECTION 10.1. Interest Coverage Ratio
	 	 	48	 
	 
	 	 	 	 
	SECTION 10.2. Covenant Debt to EBITDA Ratio
	 	 	48	 
	 
	 	 	 	 
	SECTION 10.3. Asset Coverage Ratio
	 	 	48	 
	 
	 	 	 	 
	ARTICLE XI NEGATIVE COVENANTS
	 	 	48	 
	 
	 	 	 	 
	SECTION 11.1. Limitations on Debt and Guaranty Obligations
	 	 	48	 
	 
	 	 	 	 
	SECTION 11.2. [Reserved]
	 	 	49	 
	 
	 	 	 	 
	SECTION 11.3. Limitations on Liens
	 	 	50	 
	 
	 	 	 	 
	SECTION 11.4. Limitations on Loans, Advances, Investments and Acquisitions
	 	 	51	 
	 
	 	 	 	 
	SECTION 11.5. Limitations on Mergers and Liquidation
	 	 	52	 
	 
	 	 	 	 
	SECTION 11.6. Limitations on Sale or Transfer of Assets
	 	 	53	 
	 
	 	 	 	 
	SECTION 11.7. Limitations on Dividends and Distributions
	 	 	53	 
	 
	 	 	 	 
	SECTION 11.8. Transactions with Affiliates
	 	 	54	 
	 
	 	 	 	 
	SECTION 11.9. Changes in Fiscal Year End
	 	 	54	 

iii

 

	 	 	 	 	 

	SECTION 11.10. Amendments; Payments and Prepayments of Material Debt and
Subordinated Debt
	 	 	54	 
	 
	 	 	 	 
	ARTICLE XII DEFAULT AND REMEDIES
	 	 	54	 
	 
	 	 	 	 
	SECTION 12.1. Events of Default
	 	 	54	 
	 
	 	 	 	 
	SECTION 12.2. Remedies
	 	 	56	 
	 
	 	 	 	 
	SECTION 12.3. Rights and Remedies Cumulative; Non-Waiver; Etc.
	 	 	58	 
	 
	 	 	 	 
	ARTICLE XIII THE ADMINISTRATIVE AGENT
	 	 	58	 
	 
	 	 	 	 
	SECTION 13.1. Appointment
	 	 	58	 
	 
	 	 	 	 
	SECTION 13.2. Delegation of Duties
	 	 	58	 
	 
	 	 	 	 
	SECTION 13.3. Exculpatory Provisions
	 	 	58	 
	 
	 	 	 	 
	SECTION 13.4. Reliance by the Administrative Agent
	 	 	59	 
	 
	 	 	 	 
	SECTION 13.5. Notice of Default
	 	 	59	 
	 
	 	 	 	 
	SECTION 13.6. Non-Reliance on the Administrative Agent and Other Lenders
	 	 	59	 
	 
	 	 	 	 
	SECTION 13.7. Indemnification
	 	 	60	 
	 
	 	 	 	 
	SECTION 13.8. The Administrative Agent in Its Individual Capacity
	 	 	60	 
	 
	 	 	 	 
	SECTION 13.9. Resignation of the Administrative Agent; Successor Administrative Agent
	 	 	60	 
	 
	 	 	 	 
	SECTION 13.10. Syndication and Documentation Agents
	 	 	61	 
	 
	 	 	 	 
	ARTICLE XIV MISCELLANEOUS
	 	 	61	 
	 
	 	 	 	 
	SECTION 14.1. Notices
	 	 	61	 
	 
	 	 	 	 
	SECTION 14.2. Expenses; Indemnity
	 	 	62	 
	 
	 	 	 	 
	SECTION 14.3. Set-off
	 	 	63	 
	 
	 	 	 	 
	SECTION 14.4. Governing Law
	 	 	63	 
	 
	 	 	 	 
	SECTION 14.5. Consent to Jurisdiction
	 	 	63	 
	 
	 	 	 	 
	SECTION 14.6. Waiver of Jury Trial
	 	 	63	 
	 
	 	 	 	 
	SECTION 14.7. Reversal of Payments
	 	 	63	 
	 
	 	 	 	 
	SECTION 14.8. Injunctive Relief; Punitive Damages
	 	 	64	 
	 
	 	 	 	 
	SECTION 14.9. Accounting Matters
	 	 	64	 

iv

 

	 	 	 	 	 

	SECTION 14.10. Successors and Assigns; Participations
	 	 	64	 
	 
	 	 	 	 
	SECTION 14.11. Amendments, Waivers and Consents
	 	 	68	 
	 
	 	 	 	 
	SECTION 14.12. Performance of Duties
	 	 	70	 
	 
	 	 	 	 
	SECTION 14.13. All Powers Coupled with Interest
	 	 	70	 
	 
	 	 	 	 
	SECTION 14.14. Survival of Indemnities
	 	 	70	 
	 
	 	 	 	 
	SECTION 14.15. Titles and Captions
	 	 	70	 
	 
	 	 	 	 
	SECTION 14.16. Severability of Provisions
	 	 	70	 
	 
	 	 	 	 
	SECTION 14.17. Counterparts
	 	 	70	 
	 
	 	 	 	 
	SECTION 14.18. Term of Agreement
	 	 	70	 
	 
	 	 	 	 
	SECTION 14.19. Inconsistencies with Other Documents; Independent Effect of Covenants
	 	 	70	 
	 
	 	 	 	 
	SECTION 14.20. Patriot Act
	 	 	70	 
	 
	 	 	 	 
	SECTION 14.21. Ratings of Loans
	 	 	71	 
	 
	 	 	 	 
	SECTION 14.22. Consent Under 2004 Credit Agreement
	 	 	71	 

	 	 	 

	Exhibits
	 	 
	 
	 	 
	Exhibit A -

	 	Form of Revolving Credit Note
	 
	 	 
	Exhibit B -

	 	Form of Notice of Revolving Credit Borrowing
	 
	 	 
	Exhibit C -

	 	Form of Notice of Account Designation
	 
	 	 
	Exhibit D -

	 	Form of Notice of Prepayment
	 
	 	 
	Exhibit E -

	 	Form of Notice of Conversion/Continuation
	 
	 	 
	Exhibit F -

	 	Form of Officer’s Compliance Certificate
	 
	 	 
	Exhibit G -

	 	Form of Assignment and Acceptance
	 
	 	 
	Schedules
	 	 
	 
	 	 
	Schedule 1.1(a) - Lenders and Revolving Credit Commitments
	 
	 	 
	Schedule 1.1(b) -
Outstanding Letters of Credit
	 
	 	 
	Schedule 7.1(b) - Subsidiaries and Capitalization
	 
	 	 
	Schedule 7.1(p) - Debt and Guaranty Obligations

v

 

	 	 	 

	Schedule 7.1(q) -

	 	Litigation
	 
	 	 
	Schedule 11.3 -

	 	Existing Liens
	 
	 	 
	Schedule 11.4 -

	 	Existing Loans, Advances and Investments

vi

 

AMENDED AND RESTATED FIVE-YEAR CREDIT AGREEMENT

Dated as of May 16, 2005

AMENDED AND RESTATED AS OF JUNE 6, 2008

          JONES APPAREL GROUP USA, INC. (formerly known as Kasper, Ltd.), a Delaware corporation, the
Additional Obligors (as defined below), the Lenders who are or may become a party to this
Agreement, J.P. MORGAN SECURITIES INC. and CITIGROUP GLOBAL MARKETS INC., as Joint Lead Arrangers
and Joint Bookrunners, WACHOVIA BANK, NATIONAL ASSOCIATION, as Administrative Agent for the
Lenders, JPMORGAN CHASE BANK, N.A. and CITIBANK, N.A., as Syndication Agents, and BANK OF AMERICA,
N.A., BARCLAYS BANK PLC and SUNTRUST BANK, as Documentation Agents, agree as follows:

          PRELIMINARY STATEMENT. The Borrower’s predecessor in interest Jones Apparel Group USA, Inc., a
Pennsylvania corporation (“Old Jones USA”), the Borrower, the Additional Obligors, the lenders
parties thereto and Wachovia Bank, National Association (as successor in interest to First Union
National Bank), as administrative agent, were parties to an Amended and Restated Five-Year Credit
Agreement dated as of May 16, 2005 (the “Existing Credit Agreement”). Old Jones USA merged into
the Borrower as of January 1, 2007. The Borrower, the Additional Obligors, the parties hereto and
Wachovia Bank, National Association, as Administrative Agent, desire to amend the Existing Credit
Agreement as herein set forth and to restate it in its entirety giving effect to such amendment.

          NOW THEREFORE, the parties hereto agree that, subject to the conditions set forth in Section 2
of Amendment No. 2 to the Existing Credit Agreement, dated as of June 6, 2008, the Existing Credit
Agreement is hereby amended and restated to read in its entirety as follows:

ARTICLE I DEFINITIONS

SECTION 1.1. Definitions. The following terms when used in this Agreement shall have the
meanings assigned to them below:

          “Additional Debt Securities” means Debt incurred after the Amendment Date, arising
under or in connection with public or privately placed notes, debentures, bonds, or debt
securities or related indentures or other agreements (including in connection with the
issuance of exchange securities in connection with any exchange offer registered under the
Securities Act of 1933, as amended, following a private placement of Additional Debt
Securities).

          “Additional Obligors” means the collective reference to Jones Apparel Group, Jones
Apparel Group Holdings, Nine West Footwear and Jones Retail in their capacities as
co-obligors under this Agreement.

          “Administrative Agent” means Wachovia in its capacity as Administrative Agent
hereunder, and any successor thereto appointed pursuant to Section 13.9.

          “Administrative Agent’s Office” means the office of the Administrative Agent
specified in or determined in accordance with the provisions of Section 14.1(c).

 

 

          “Affiliate” means, with respect to any Person, any other Person (other than a
Subsidiary) which directly or indirectly through one or more intermediaries, controls, or
is controlled by, or is under common control with, such first Person or any of its
Subsidiaries. The term “control” means the possession, directly or indirectly, of the
power to direct or cause the direction of the management and policies of a Person,
whether through ownership of voting securities, by contract or otherwise.

          “Agreement” means this Five-Year Credit Agreement, as amended, restated,
supplemented or otherwise modified from time to time.

          “Alternative Currency” means (a) Pounds Sterling, (b) the euro or (c) any
other
lawful currency (other than Dollars) acceptable to the Issuing Lenders which, in the case
of this clause (c), is freely transferable and convertible into Dollars in the United
States currency market and is freely available to all Issuing Lenders in the London
interbank deposit market.

          “Alternative Currency L/C Commitment” means the lesser of (a) One Hundred Million
Dollars ($100,000,000) and (b) the L/C Commitment.

          “Amendment Date” means June 6, 2008, the date upon which Amendment No. 2 to this
Agreement became effective in accordance with its terms.

          “Applicable Law” means all applicable provisions of constitutions, laws, statutes,
ordinances, rules, treaties, regulations, permits, licenses, approvals, interpretations and
orders of courts or Governmental Authorities and all orders and decrees of all courts and
arbitrators.

          “Applicable Margin” means, for purposes of calculating (a) the Base Rate and LIBOR
Rate for purposes of Section 5.1(a), (b) the L/C Fee for purposes of Section 3.3(a) or
(c) the Commitment Fee for purposes of Section 5.3(a), the corresponding rate set forth
below for the applicable rating of the senior, unsecured, long-term debt of the Credit
Parties, on a collective basis (the “Debt Rating”) publicly announced by Standard &
Poor’s, a division of The McGraw-Hill Companies (“S&P”), and Moody’s Investors Service,
Inc. (“Moody’s”) as follows:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Applicable Margin Per Annum	 
	Level	 	S&P Rating	 	 	Moody’s	 	 	LIBOR	 	 	Base Rate	 	 	Trade	 	 	Standby	 	 	Commitment	 
	 	 	 	 	 	 	Rating	 	 	Rate	 	 	 	 	 	 	L/C Fee	 	 	L/C Fee	 	 	Fee	 
	I
	 	>=BBB	 	>=Baa2	 	 	1.750	%	 	 	0.7500	%	 	 	0.855	%	 	 	1.750	%	 	 	0.150	%
	II
	 	>=BBB-	 	>=Baa3	 	 	2.000	%	 	 	1.000	%	 	 	1.000	%	 	 	2.000	%	 	 	0.250	%
	III
	 	>=BB+	 	>=Ba1	 	 	2.250	%	 	 	1.250	%	 	 	1.125	%	 	 	2.250	%	 	 	0.375	%
	IV
	 	>=BB	 	>=Ba2	 	 	2.500	%	 	 	1.500	%	 	 	1.250	%	 	 	2.500	%	 	 	0.500	%
	V
	 	<=BB-	 	<=Ba3	 	 	2.750	%	 	 	1.750	%	 	 	1.375	%	 	 	2.750	%	 	 	0.625	%

2

 

provided, that if both Moody’s and S&P shall not have in effect a Debt Rating (other
than by reason of the circumstances referred to in the last sentence of this definition),
then such Debt Rating shall be deemed to be Level V. In the event that the corresponding
Debt Ratings publicly announced by S&P and Moody’s listed above differ by (a) one pricing
level, the Applicable Margin shall be based on the higher of the two ratings, and (b) two
or more pricing levels, the Applicable Margin shall be based on the rating one rating
below the higher of the two ratings. Any change in the Applicable Margin shall be
effective as of the Business Day on which the applicable rating is announced or is
publicly available. If the rating system of S&P and Moody’s shall change, or if both of
such rating agencies shall cease to be in the business of rating corporate debt
obligations, the Borrower and the Lenders shall negotiate in good faith to amend this
definition to reflect such changed rating system or the unavailability of ratings from
such rating agencies and, pending the effectiveness of any such amendment, the Applicable
Margin shall be determined by reference to the rating most recently in effect prior to
such change or cessation.

     “Application” means an application, in the form specified by any Issuing
Lender from time to time, requesting such Issuing Lender to issue a Letter of Credit.

     “Asset Coverage Ratio” means the ratio of (a) the sum of gross inventory
plus gross accounts receivable (as of the date of determination) to (b) the sum of (i)
the aggregate principal amount of Loans outstanding and (ii) the aggregate principal
amount of Loans outstanding under the 2004 Credit Agreement, in each case as of such date
of determination.

     “Assignment and Acceptance” shall have the meaning assigned thereto in Section
14.10(b)(ii).

     “Assuming Lender” has the meaning specified in Section 2.7(d).

     “Assumption Agreement” has the meaning specified in Section 2.7(d)(ii).

     “Base Rate” means, at any time, the higher of (a) the Prime Rate and (b) the
sum of (i) the Federal Funds Rate plus (ii) 1/2 of 1%; each change in the Base Rate shall
take effect simultaneously with the corresponding change or changes in the Prime Rate or
the Federal Funds Rate.

     “Base Rate Loan” means any Revolving Credit Loan bearing interest at a
rate based upon the Base Rate as provided in Section 5.1(a).

     “Borrower” means Jones Apparel Group USA, Inc.

     “Business Day” means (a) any day other than a Saturday, Sunday or legal
holiday on which banks in Charlotte, North Carolina, Philadelphia, Pennsylvania and New
York, New York, are not authorized or required by law to remain closed for the conduct of
their commercial banking business, (b) with respect to all notices and determinations in
connection with, and payments of principal and interest on, any LIBOR Rate Loan, the term
“Business Day” shall also exclude any day on which banks are not open for trading
in Dollar deposits in the London interbank market and (c) with respect to all notices and
determinations in connection with, and payment of principal and interest on, any L/C
Obligation denominated in an Alternative Currency, the term “Business Day” shall
also

3

 

exclude any day on which banks in London do not provide quotations for deposits
denominated in such Alternative Currency.

     “Capital Lease” means, with respect to the Credit Parties and their
Subsidiaries, any lease of any property that should, in accordance with GAAP, be
classified and accounted for as a capital lease on a Consolidated balance sheet of the
Credit Parties and their Subsidiaries.

     “Change in Control” shall have the meaning assigned thereto in Section 12.1(h).

     “Closing Date” means May 16, 2005.

     “Code” means the Internal Revenue Code of 1986, and the rules and
regulations thereunder, each as amended, supplemented or otherwise modified from time to
time.

     “Commitment Date” has the meaning specified in Section 2.7(b).

     “Commitment Fee” shall have the meaning assigned thereto in Section 5.3(a).

     “Commitment Increase” has the meaning specified in Section 2.7(a).

     “Consolidated” means, when used with reference to financial statements or
financial statement items of the Credit Parties and their Subsidiaries, such statements
or items on a consolidated basis in accordance with applicable principles of
consolidation under GAAP.

     “Correspondent” means any financial institution designated by an Issuing
Lender to act as such Issuing Lender’s correspondent hereunder with respect to the
distribution and payment of Letters of Credit denominated in an Alternative Currency.

     “Covenant Debt” means, for any date of calculation, Debt with respect to the
Credit Parties and their Subsidiaries that would appear on a Consolidated balance sheet of
the Credit Parties and their Subsidiaries prepared as of such date in accordance with GAAP.

     “Covenant Debt to EBITDA Ratio” means, for any date of calculation, Covenant
Debt as of such date divided by EBITDA for the period of four (4) consecutive fiscal
quarters ending on such date; provided that there shall be excluded from the calculation
of Covenant Debt to EBITDA Ratio for the period ended on July 5, 2008, EBITDA (whether
positive or negative) attributable to any discontinued operations.

     “Credit Facility” means the collective reference to the Revolving Credit
Facility and the L/C Facility.

     “Credit Parties” means each of the Additional Obligors and the Borrower.

     “Debt” means, with respect to the Credit Parties and their Subsidiaries at any
date and without duplication, the sum of the following calculated in accordance with GAAP:
(a) all liabilities, obligations and indebtedness, in each case for borrowed money
including but not limited to obligations evidenced by bonds, debentures, notes or other
similar instruments of any such Person, (b) all obligations to pay the deferred purchase

4

 

price of property or services of any such Person, except trade liabilities arising in the
ordinary course of business, (c) all obligations of any such Person as lessee under Capital
Leases, (d) all Debt of any other Person secured by a Lien on any asset of any such Person,
(e) all Guaranty Obligations of any such Person, (f) all obligations, contingent or
otherwise, of any such Person relative to the amount of drawn letters of credit not
reimbursed as required by the terms thereof, including without limitation any Reimbursement
Obligation not reimbursed as required by the terms hereof, and banker’s acceptances issued
for the account of any such Person, and (g) all net obligations incurred by any such Person
pursuant to Hedging Agreements in respect of interest rate hedges.

     “Default” means any of the events specified in Section 12.1 which with the
passage of time, the giving of notice or any other condition, would constitute an Event of
Default.

     “Dispute” shall have the meaning assigned thereto in Section 14.6.

     “Dollar Amount” shall mean (a) with regard to any Obligation denominated in
Dollars, the amount thereof and (b) with regard to any Obligation denominated in an
Alternative Currency, the amount of Dollars which is equivalent to the sum of (i) the
amount so expressed in an Alternative Currency at the applicable-quoted spot rate on the
appropriate page of the Reuter’s Screen as determined by the Administrative Agent at the
relevant time; plus (ii) any amounts owed by the Borrower pursuant to Section 3.5(b).

     “Dollars” or “$” means, unless otherwise qualified, dollars in
lawful currency of the United States.

     “EBITDA” means, with respect to the Credit Parties and their Subsidiaries on
a Consolidated basis for any period, the sum of (a) Net Income for such period, plus (b)
the sum of the following to the extent deducted in the determination of Net Income: (i)
income and franchise taxes, (ii) Interest Expense and (iii) amortization, depreciation,
extraordinary non-cash losses and any other non-cash charges (including amortization or
write-off of goodwill, transaction expenses, covenants not to compete and other intangible
assets, and non-cash charges resulting from purchase accounting related to any acquisition
otherwise permitted pursuant to the terms of this Agreement) less (c) the sum of (i) any
items of extraordinary gain which were included in determining Net Income and (ii) items
of cash gains from the sale of assets to the extent such gains exceed $50,000,000 during
such period.

     “EBITDAR” means, with respect to the Credit Parties and their Subsidiaries on
a Consolidated basis for any period, the sum of (a) Net Income for such period, plus (b)
the sum of the following to the extent deducted in the determination of Net Income: (i)
income and franchise taxes, (ii) Interest Expense, (iii) amortization, depreciation,
extraordinary non-cash losses and any other non-cash charges (including amortization or
write-off of goodwill, transaction expenses, covenants not to compete and other intangible
assets, and non-cash charges resulting from purchase accounting related to any acquisition
otherwise permitted pursuant to the terms of this Agreement) and (iv) Rental Expense
(exclusive of any amounts reflected in Interest Expense) less (c) the sum of (i) any items
of extraordinary gain which were included in determining Net Income and (ii) items of cash
gains from the sale of assets to the extent such gains exceed $50,000,000 during such
period.

5

 

     “Eligible Assignee” means, with respect to any assignment of the rights,
interest and obligations of a Lender hereunder, a Person that is at the time of such
assignment (a) a commercial bank organized under the laws of the United States or any
state thereof, having combined capital and surplus in excess of $500,000,000, (b) a
commercial bank organized under the laws of any other country that is a member of the
Organization of Economic Cooperation and Development, or a political subdivision of any
such country, having combined capital and surplus in excess of $500,000,000, (c) a finance
company, insurance company or other financial institution which in the ordinary course of
business extends credit of the type extended hereunder and that has total assets in excess
of $1,000,000,000, (d) already a Lender hereunder (whether as an original party to this
Agreement or as the assignee of another Lender) or an Affiliate of a Lender hereunder, (e)
the successor (whether by transfer of assets, merger or otherwise) to all or substantially
all of the commercial lending business of the assigning Lender, (f) any SPC solely to the
extent permitted by Section 14.10(h), or (g) any other Person that has been approved in
writing as an Eligible Assignee by the Borrower and the Administrative Agent.

     “Employee Benefit Plan” means any employee benefit plan within the meaning of
Section 3(3) of ERISA which (a) is maintained for employees of the Borrower or any ERISA
Affiliate or (b) has at any time within the preceding six (6) years been maintained for
the employees of the Borrower or any current or former ERISA Affiliate.

     “EMU” mean economic and monetary union as contemplated in the Treaty on
European Union.

     “Environmental Laws” means any and all federal, state and local laws,
statutes, ordinances, rules, regulations, permits, licenses, approvals, binding
interpretations and orders of courts or Governmental Authorities, relating to the
protection of human health or the environment, including, but not limited to,
requirements pertaining to the manufacture, processing, distribution, use, treatment,
storage, disposal, transportation, handling, reporting, licensing, permitting,
investigation or remediation of Hazardous Materials.

     “ERISA” means the Employee Retirement Income Security Act of 1974, and the
rules and regulations thereunder, each as amended, supplemented or otherwise modified from
time to time.

     “ERISA Affiliate” means any Person who together with the Borrower is treated
as a single employer within the meaning of Section 414(b), (c), (m) or (o) of the Code or
Section 4001(b) of ERISA.

     “euro” means the single currency of the European Union as constituted by the
Treaty on European Union and as referred to in the legislative measures of the European
Union for the introduction of, changeover to or operation of the euro in one or more
member states.

     “Eurodollar Reserve Percentage” means, for any day, the percentage (expressed
as a decimal and rounded upwards, if necessary, to the next higher 1/100th of 1%) which is
in effect for such day as prescribed by the Federal Reserve Board (or any successor) for
determining the maximum reserve requirement (including without limitation any basic,
supplemental or emergency reserves) in respect of eurocurrency liabilities or any similar

6

 

category of liabilities for a member bank of the Federal Reserve System in New York
City.

     “Event of Default” means any of the events specified in Section 12.1,
provided that any requirement for passage of time, giving of notice, or any other
condition, has been satisfied.

     “Existing Debt Securities” means the 4.250% Senior Notes due 2009, the 5.125%
Senior Notes due 2014, and the 6.125% Senior Notes due 2034 of Jones Apparel Group.

     “Existing Loans” shall have the meaning assigned thereto in Section 6.2(f).

     “Extensions of Credit” means, as to any Lender at any time, (a) an amount
equal to the sum of (i) the aggregate principal amount of all Revolving Credit Loans made
by such Lender then outstanding, and (ii) such Lender’s Revolving Credit Commitment
Percentage of the Dollar Amount of the L/C Obligations then outstanding, or (b) the
making of any Loan or participation in any Letter of Credit by such Lender, as the
context requires.

     “FDIC” means the Federal Deposit Insurance Corporation, or any successor
thereto.

     “Federal Funds Rate” means, the rate per annum (rounded upwards, if
necessary, to the next higher 1/100th of 1%) representing the daily effective federal
funds rate as quoted by the Administrative Agent and confirmed in Federal Reserve Board
Statistical Release H.15 (519) or any successor or substitute publication selected by the
Administrative Agent. If, for any reason, such rate is not available,
then “Federal Funds Rate” shall mean a daily rate which is determined, in the opinion of the Administrative
Agent, to be the rate at which federal funds are being offered for sale in the national
federal funds market at 9:00 a.m. (Charlotte time). Rates for weekends or holidays shall
be the same as the rate for the most immediate preceding Business Day.

     “Fiscal Year” means the fiscal year of the Credit Parties and their
Subsidiaries ending on December 31.

     “Foreign Lender” means any Lender that is organized under the laws of a
jurisdiction other than that in which the Borrower is located. For purposes of this
definition, the United States of America, each state thereof and the District of Columbia
shall be deemed to constitute a single jurisdiction.

     “GAAP” means generally accepted accounting principles, as recognized by the
American Institute of Certified Public Accountants and the Financial Accounting Standards
Board, consistently applied and maintained on a consistent basis for the Credit Parties
and their Subsidiaries throughout the period indicated.

     “Governmental Approvals” means all authorizations, consents,
approvals, licenses and exemptions of, registrations and filings with, and reports
to, all Governmental Authorities.

     “Governmental Authority” means any nation, province, state or political
subdivision thereof, and any government or any Person exercising executive, legislative,

7

 

regulatory or administrative functions of or pertaining to government, and any
corporation or other entity owned or controlled, through stock or capital ownership or
otherwise, by any of the foregoing.

     “Granting Lender” shall have the meaning assigned thereto in Section 14.10(h).

     “Guaranty Obligation” means, with respect to the Credit Parties and their
Subsidiaries, without duplication, any obligation, contingent or otherwise, of any such
Person pursuant to which such Person has directly or indirectly guaranteed any Debt or
other obligation of any other Person and, without limiting the generality of the foregoing,
any obligation, direct or indirect, contingent or otherwise, of any such Person (a) to
purchase or pay (or advance or supply funds for the purchase or payment of) such Debt or
other obligation (whether arising by virtue of partnership arrangements, by agreement to
keep well, to purchase assets, goods, securities or services, to take-or-pay, or to
maintain financial statement condition or otherwise) or (b) entered into for the purpose of
assuring in any other manner the obligee of such Debt or other obligation of the payment
thereof or to protect such obligee against loss in respect thereof (in whole or in part);
provided, that the term Guaranty Obligation shall not include (i) endorsements for
collection or deposit in the ordinary course of business or (ii) a contractual commitment
by one Person to invest in another Person for so long as such investment is expected to
constitute a permitted investment under Section 11.4.

     “Hazardous Materials” means any substances or materials (a) which are or
become defined as hazardous wastes, hazardous substances, pollutants, contaminants,
chemical substances or mixtures or toxic substances under any Environmental Law, (b) which
are toxic, explosive, corrosive, flammable, infectious, radioactive, carcinogenic,
mutagenic or otherwise harmful to human health or the environment and are or become
regulated by any Governmental Authority, (c) the presence of which require investigation or
remediation under any Environmental Law, (d) the discharge or emission or release of which
requires a permit or license under any Applicable Law or other Governmental Approval, or
(e) which contain, without limitation, asbestos, polychlorinated biphenyls, urea
formaldehyde foam insulation, petroleum hydrocarbons, petroleum derived substances or
waste, crude oil, nuclear fuel, natural gas or synthetic gas.

     “Hedging Agreement” means any agreement with respect to an interest rate or
currency swap, collar, cap, floor or forward rate agreement or other agreement regarding
the hedging of interest rate or currency risk exposure executed in connection with hedging
the interest rate or currency exposure of any Credit Party, and any confirming letter
executed pursuant to such hedging agreement, all as amended, restated or otherwise
modified from time to time.

     “Increase Date” has the meaning specified in Section 2.7(a).

     “Increasing Lender” has the meaning specified in Section 2.7(b).

     “Interest Coverage Ratio” means, as of the last day of any fiscal quarter,
EBITDAR for the period of four consecutive fiscal quarters ending on such date divided by
the sum of (a) Interest Expense less the amortization of non-cash items included in
“Interest Expense” (including, but not limited to, amortization of debt issuance costs)
and (b) Rental Expense (exclusive of any amounts reflected in Interest Expense), both for
the period of four consecutive fiscal quarters ending on such date;
provided that there
shall

8

 

be excluded from the calculation of Interest Coverage Ratio for the period ended on July
5, 2008, EBITDAR (whether positive or negative) and any items of Interest Expense or
Rental Expense attributable to any discontinued operations.

     “Interest Expense” means, for any period, total interest expense
(including, without limitation, interest expense attributable to Capital Leases)
determined on a consolidated basis, without duplication, for the Credit Parties and
their Subsidiaries in accordance with GAAP.

     “Interest Period” shall have the meaning assigned thereto in Section 5.1(b).

     “ISP 98” means the International Standby Practices (1998 Revision,
effective January 1, 1999), International Chamber of Commerce Publication No. 590.

     “Issuing Lender” means Wachovia, Citibank, N.A., JPMorgan Chase Bank, N.A.
and Bank of America, N.A., each in its capacity as issuer of any Letter of Credit, and any
other Lender mutually acceptable and on terms satisfactory to the Borrower, the
Administrative Agent and such Lender; and Issuing Lenders means all such Lenders.

     “Jones Apparel Group” means Jones Apparel Group, Inc., a Pennsylvania
corporation.

     “Jones Apparel Group Holdings” means Jones Apparel Group Holdings, Inc., a
Delaware corporation.

     “Jones Retail” means Jones Retail Corporation, a New Jersey corporation.

     “L/C Commitment” means Seven Hundred Fifty Million Dollars ($750,000,000).

     “L/C Facility” means the letter of credit facility established pursuant to
Article III hereof.

     “L/C Fee” shall have the meaning assigned thereto in Section 3.3(a).

     “L/C Obligations” means at any time, an amount equal to the sum of (a) the
aggregate undrawn and unexpired amount of the then outstanding Letters of Credit and (b)
the aggregate amount of drawings under Letters of Credit which have not then been
reimbursed pursuant to Section 3.5.

     “L/C Participants” means the collective reference to all the Lenders
having a Revolving Credit Commitment other than the applicable Issuing Lender.

     “Lender” means each Person executing this Agreement as a Lender set forth on
the signature pages hereto, each Assuming Lender that shall become a party hereto pursuant
to Section 2.7 and each Person that hereafter becomes a party to this Agreement as a
Lender pursuant to Section 14.10 other than any party hereto that ceases to be a party
hereto pursuant to any Assignment and Acceptance.

     “Lending Group Members” means the collective reference to (a) the Lenders
party to this Agreement and (b) the lenders party to the 2004 Credit Agreement.

9

 

     “Lending Office” means, with respect to any Lender, for Revolving Credit
Loans, the office of such Lender maintaining such Lender’s Revolving Credit Commitment
Percentage of the Revolving Credit Loans.

     “Letters of Credit” shall have the meaning assigned thereto in Section 3.1.

     “LIBOR” means the rate of interest per annum determined on the basis of the
rate for deposits in Dollars or an Alternative Currency (other than euro) in minimum
amounts of at least $5,000,000 or the approximate Dollar Amount thereof, in the case of an
Alternative Currency, for a period equal to the applicable Interest Period which appears on
the British Bankers’ Association Interest Settlement Rates (or on any successor or
substitute page of such service, or any successor to or substitute for such service,
providing rate quotations comparable to those currently provided on such page of such
service, as determined by the Administrative Agent from time to time for purposes of
providing quotations of interest rates applicable to deposits in such currency in the
London interbank market) at approximately 11:00 a.m. (London time) two (2) Business Days
prior to the first day of the applicable Interest Period (rounded upward, if necessary, to
the nearest one hundredth of one percent (1/100%)). If, for any reason, such rate does not
appear on British Bankers’ Association Interest Settlement
Rates, then “LIBOR” shall be
determined by the Administrative Agent to be the arithmetic average (rounded upward, if
necessary, to the nearest one-hundredth of one percent (1/100%)) of the rate per annum at
which deposits in Dollars or an Alternative Currency would be offered by the Reference
Group in the London interbank market to the Administrative Agent as of approximately 11:00
a.m. (London time) two (2) Business Days prior to the first day of the applicable Interest
Period for a period equal to such Interest Period and in an amount substantially equal to
the amount of the applicable Revolving Credit Loan.

     “LIBOR Rate” means a rate per annum (rounded upwards, if necessary, to the
next higher 1/100th of 1%) determined by the Administrative Agent pursuant to the
following formula:

	 	 	 	 	 	 	 

	 

	 	LIBOR RATE
	 	=
	 	LIBOR
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	1.00 — Eurodollar Reserve Percentage

     “LIBOR Rate Loan” means any Revolving Credit Loan bearing interest at a rate
based upon the LIBOR Rate as provided in Section 5.1(a).

     “Lien” means, with respect to any asset, any mortgage, lien, pledge, charge,
security interest or encumbrance of any kind in respect of such asset. For the purposes of
this Agreement, a Person shall be deemed to own subject to a Lien any asset which it has
acquired or holds subject to the interest of a vendor or lessor under any conditional sale
agreement, Capital Lease or other title retention agreement relating to such asset.

     “Loan” means a Revolving Credit Loan.

     “Loan Documents” means, collectively, this Agreement, the Notes, the Applications
and each other document, instrument and agreement executed and delivered by any Credit
Party, its Subsidiaries or their counsel in connection with this Agreement, all as may be
amended, restated, supplemented or otherwise modified.

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     “Material Adverse Effect” means, with respect to the Credit Parties or
any of their Subsidiaries, a material adverse effect on the business, assets, operations or
financial condition of the Credit Parties and their Subsidiaries taken as a whole or the
ability of any such Person to perform its obligations under the Loan Documents, in each
case to which it is a party.

     “Multiemployer Plan” means a “multiemployer plan” as defined in
Section 4001(a)(3) of ERISA to which the Borrower or any ERISA Affiliate is making (or
has made), or is accruing (or has accrued) an obligation to make, contributions either
presently or within the preceding six years.

     “Net Income” means, with respect to the Credit Parties and their Subsidiaries
for any period, the Consolidated net income (or loss) of the Credit Parties and their
Subsidiaries for such period determined in accordance with GAAP; provided, that there
shall be excluded from net income (or loss) of a Person (the “computing Person”), the
income (or loss) of any Person (other than a Subsidiary of the computing Person) in which
the computing Person has an ownership interest unless received by the computing Person in
a cash distribution.

     “Net Worth” means, with respect to the Credit Parties and their
Subsidiaries, as of any date, the total shareholders’ equity that would appear on a
Consolidated balance sheet of the Credit Parties and their Subsidiaries prepared as of
such date in accordance with GAAP.

     “Nine West Footwear” means Nine West Footwear Corporation, a Delaware
corporation.

     “Note” means a Revolving Credit Note.

     “Notice of Account Designation” shall have the meaning assigned thereto
in Section 2.2(b).

     “Notice of Conversion/Continuation” shall have the meaning assigned thereto
in Section 5.2.

     “Notice of Prepayment” shall have the meaning assigned thereto in
Section 2.3(c).

     “Notice of Revolving Credit Borrowing” shall have the meaning assigned
thereto in Section 2.2(a).

     “Obligations” means, in each case, whether now in existence or hereafter
arising: (a) the principal of and interest on (including interest accruing after the filing
of any bankruptcy or similar petition) the Loans, (b) the L/C Obligations, (c) all payment
and other obligations owing by the Credit Parties to any Lender or Affiliate of a Lender or
the Administrative Agent under any Hedging Agreement with any Lender or Affiliate of a
Lender (which such Hedging Agreement is permitted hereunder), and (d) all other fees and
commissions (including attorney’s fees), charges, indebtedness, loans, liabilities,
financial accommodations, obligations, covenants and duties owing by the Credit Parties to
the Lenders or the Administrative Agent, of every kind, nature and description, direct or
indirect, absolute or contingent, due or to become due, contractual or tortious,

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liquidated or unliquidated, and whether or not evidenced by any note, in each case under
or in respect of this Agreement, any Note, any Letter of Credit or any of the other Loan
Documents.

     “Officer’s Compliance Certificate” shall have the meaning assigned
thereto in Section 8.2.

     “Operating Lease” shall mean, as to any Person, as determined in
accordance with GAAP, any lease of property (whether real, personal or mixed) by such
Person as lessee which is not a Capital Lease.

     “Other Taxes” shall have the meaning assigned thereto in Section 5.12(b).

     “Outstanding Letters of Credit” means each letter of credit described on
Schedule 1.1(b) and outstanding as of the Closing Date.

     “PBGC” means the Pension Benefit Guaranty Corporation referred to and defined
in ERISA or any successor agency.

     “Pension Plan” means any Employee Benefit Plan, other than a Multiemployer
Plan, which is subject to the provisions of Title IV of ERISA or Section 412 of the Code.

     “Permitted Investment Policy” of the Credit Parties means the investment policy of
the Credit Parties as in effect on the Amendment Date which has been approved by the Board
of Directors of Jones Apparel Group, as amended, restated, supplemented or otherwise
modified from time to time.

     “Permitted Lines of Business” shall have the meaning assigned thereto in
Section 9.9.

     “Person” means an individual, corporation, limited liability company,
partnership, association, trust, business trust, joint venture, joint stock company,
pool, syndicate, sole proprietorship, unincorporated organization, Governmental
Authority or any other form of entity or group thereof.

     “Pounds Sterling” means, unless otherwise qualified, pounds sterling in
lawful currency of the United Kingdom.

     “Prime Rate” means, at any time, the rate of interest per annum publicly
announced from time to time by Wachovia as its prime rate in effect at its principal
office in Charlotte, North Carolina. Each change in the Prime Rate shall be effective as
of the opening of business on the day such change in the Prime Rate occurs. The parties
hereto acknowledge that the rate announced publicly by Wachovia as its Prime Rate is an
index or base rate and shall not necessarily be its lowest or best rate charged to its
customers or other banks.

     “Prior Credit Agreement” means the Three-Year Credit Agreement dated as of
June 10, 2003 among Old Jones USA, the Borrower, the Additional Obligors (other than
Jones Retail), the lenders parties thereto and Wachovia Bank, National Association (as
successor in interest to First Union Bank), as administrative agent.

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     “Prior Lenders” means, collectively, the lenders party to the Prior
Credit Agreement.

     “Reference Group” shall mean the Lenders party to this Agreement on
the Closing Date.

     “Register” shall have the meaning assigned thereto in Section 2.4(a).

     “Reimbursement Obligation” means the obligation of the Borrower to reimburse
each Issuing Lender pursuant to Section 3.5 for amounts drawn under Letters of Credit.

     “Rental Expense” means, for any period, total rental expense (net of
sublease income) determined on a consolidated basis, without duplication, for the
Credit Parties and their Subsidiaries in accordance with GAAP.

     “Required Agreement Lenders” means, at any date, any combination of Lenders
whose Revolving Credit Commitment Percentage equals at least fifty-one percent (51%) of
the Revolving Credit Commitment or if the Revolving Credit Commitment has been
terminated, any combination of Lenders who collectively hold at least fifty-one percent
(51%) of the aggregate unpaid principal amount of the Extensions of Credit.

     “Required Lenders” means, at any date, any combination of Lending Group Members
whose Total Committed Percentage equals at least fifty-one percent (51%) of the Total
Committed Amount.

     “Responsible Officer” means any of the following: the chairman, president,
chief executive officer, chief financial officer or treasurer or vice president and
corporate controller of the Borrower or Jones Apparel Group or any other officer of the
Borrower or Jones Apparel Group reasonably acceptable to the Administrative Agent.

     “Revolving Credit Commitment” means (a) as to any Lender, the obligation of
such Lender to make Revolving Credit Loans to the Borrower and to participate in Letters
of Credit hereunder in an aggregate principal amount at any time outstanding not to
exceed the amount set forth opposite such Lender’s name on Schedule 1.1(a) hereto as such
amount may be increased, reduced or modified at any time or from time to time pursuant to
the terms hereof and (b) as to all Lenders, the aggregate Revolving Credit Commitment of
all Lenders to make Revolving Credit Loans, as such amount may be increased or reduced at
any time or from time to time pursuant to the terms hereof. The Revolving Credit
Commitment of all Lenders on the Amendment Date shall be Seven Hundred Fifty Million
Dollars ($750,000,000).

     “Revolving Credit Commitment Percentage” means, as to any Lender at any
time, the ratio of (a) the amount of the Revolving Credit Commitment of such Lender to
(b) the Revolving Credit Commitment of all of the Lenders.

     “Revolving Credit Facility” means the revolving credit facility
established pursuant to Article II hereof.

     “Revolving Credit Loans” means any revolving loan made to the Borrower
pursuant to Section 2.1, and all such revolving loans collectively as the context
requires.

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     “Revolving Credit Notes” means the collective reference to the Revolving
Credit Notes made by the Borrower under this Agreement payable to the order of any such
Lender requesting such note, substantially in the form of Exhibit A hereto, evidencing the
obligation owed to such Lender under the Revolving Credit Facility, and any amendments and
modifications thereto, any substitutes therefor, and any replacements, restatements,
renewals or extension thereof, in whole or in part; “Revolving Credit Note” means
any of such Revolving Credit Notes.

     “Revolving Credit Termination Date” means the earliest of the dates
referred to in Section 2.6.

     “SPC” shall have the meaning assigned thereto in Section 14.10(h).

     “Subordinated Debt” means the collective reference to Debt on Schedule 7.1(p)
hereof designated as Subordinated Debt and any other Debt of the Credit Parties or any
Subsidiary thereof subordinated in right and time of payment to the Obligations and
otherwise permitted hereunder.

     “Subsidiary” means, with respect to any Person (the “parent”) at any
date, any corporation, limited liability company, partnership, association or other entity
the accounts of which would be Consolidated with those of the parent in the parent’s
Consolidated financial statements if such financial statements were prepared in accordance
with GAAP as of such date, as well as any other corporation, limited liability company,
partnership, association or other entity (a) of which securities or other ownership
interests representing more than fifty percent (50%) of the equity or more than fifty
percent (50%) of the ordinary voting power or, in the case of a partnership, more than
fifty percent (50%) of the general partnership interests are, as of such date, owned,
controlled or held, or (b) that is, as of such date, otherwise controlled, by the parent
or one or more subsidiaries of the parent. Unless otherwise qualified references to
“Subsidiary” or “Subsidiaries” herein shall refer to those of the
Borrower.

     “Syndication Agents” means JPMorgan Chase Bank, N.A. and Citibank, N.A.,
each in their capacity as syndication agent hereunder, and any successor thereto.

     “Taxes” shall have the meaning assigned thereto in Section 5.12(a).

     “Termination Event” means: (a) a “Reportable Event” described in
Section 4043 of ERISA, or (b) the withdrawal of the Borrower or any ERISA Affiliate from a
Pension Plan during a plan year in which it was a “substantial employer” as defined
in Section 4001(a)(2) of ERISA, or (c) the termination of a Pension Plan, the filing of a
notice of intent to terminate a Pension Plan or the treatment of a Pension Plan amendment
as a termination under Section 4041 of ERISA, or (d) the institution of proceedings to
terminate, or the appointment of a trustee with respect to, any Pension Plan by the PBGC,
or (e) any other event or condition which would constitute grounds under Section 4042(a) of
ERISA for the termination of, or the appointment of a trustee to administer, any Pension
Plan, or (f) the partial or complete withdrawal of the Borrower or any ERISA Affiliate from
a Multiemployer Plan, or (g) the imposition of a Lien pursuant to Section 412 of the Code
or Section 302 of ERISA, or (h) any event or condition which results in the reorganization
or insolvency of a Multiemployer Plan under Sections 4241 or 4245 of ERISA, or (i) any
event or condition which results in the termination of a Multiemployer

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Plan under Section 4041A of ERISA or the institution by PBGC of proceedings to
terminate a Multiemployer Plan under Section 4042 of ERISA.

     “Total Committed Amount” means (a) as to any Lending Group Member, the sum of
(i) the Revolving Credit Commitment of such Lending Group Member (or, if such Revolving
Credit Commitment has been terminated, the aggregate unpaid principal amount of all
outstanding Extensions of Credit of such Lending Group Member) plus (ii) the Revolving
Credit Commitment (as defined in the 2004 Credit Agreement) of such Lending Group Member
(or, if such Revolving Credit Commitment has been terminated, the aggregate unpaid
principal amount of all outstanding Extensions of Credit (as defined in the 2004 Credit
Agreement) of such Lending Group Member) and (b) as to all Lenders, the aggregate Total
Committed Amount of all Lending Group Members.

     “Total Committed Percentage” means, as to any Lending Group Member at any
time, the ratio of (a) the amount of the Total Committed Amount of such Lending Group
Member to (b) the aggregate Total Committed Amount of all Lending Group Members.

     “Treaty on European Union” means the Treaty of Rome of March 25, 1957, as
amended by the Single European Act 1986 and the Maastricht Treaty (signed February 7,
1992), as amended from time to time.

     “2004 Credit Agreement” means the Amended and Restated Five-Year Credit
Agreement dated as of June 15, 2004 by and among the Borrower, the Additional Obligors
thereunder, the Administrative Agent thereunder and the financial institutions party
thereto, as amended, restated, supplemented, replaced, refinanced or otherwise modified
from time to time.

     “2004 Credit Agreement Obligations” means the obligations of the Borrower and
the Additional Obligors thereunder under the 2004 Credit Agreement.

     “UCC” means the Uniform Commercial Code as in effect in the State of New
York, as amended, restated or otherwise modified from time to time.

     “Uniform Customs” means the Uniform Customs and Practice for Documentary
Credits (1994 Revision), International Chamber of Commerce Publication No. 500.

     “United States” means the United States of America.

     “Wachovia” means Wachovia Bank, National Association, a national banking
association, and its successors.

     “Wholly-Owned” means, with respect to a Subsidiary, that all of the shares
of capital stock or other ownership interests of such Subsidiary (other than directors’
qualifying shares) are, directly or indirectly, owned or controlled by any Credit Party
and/or one or more of its Wholly-Owned Subsidiaries.

SECTION 1.2. General. Unless otherwise specified, a reference in this Agreement to a
particular section, subsection, Schedule or Exhibit is a reference to that section, subsection,
Schedule or Exhibit of this Agreement. Terms defined in this Agreement and the 2004 Credit
Agreement shall be construed consistently and no term defined herein shall be limited or restricted
by any similar definition in the 2004 Credit Agreement nor shall any such term herein limit or
restrict

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any similar definition in the 2004 Credit Agreement. Wherever from the context it appears
appropriate, each term stated in either the singular or plural shall include the singular and
plural, and pronouns stated in the masculine, feminine or neuter gender shall include the
masculine, feminine and neuter. Any reference herein to “Charlotte time” shall refer to the
applicable time of day in Charlotte, North Carolina.

SECTION 1.3. Other Definitions and Provisions. (a) Use of Capitalized Terms. Unless
otherwise defined therein, all capitalized terms defined in this Agreement shall have the defined
meanings when used in this Agreement and the other Loan Documents or any certificate, report or
other document made or delivered pursuant to this Agreement.

          (b) Miscellaneous. The words “hereof”, “herein” and “hereunder” and
words of similar import when used in this Agreement shall refer to this Agreement as a whole and
not to any particular provision of this Agreement.

          (c) Any reference or usage of the word “amount” herein as it pertains to any
Obligation denominated in an Alternative Currency shall be deemed to be a reference or usage of
the term “Dollar Amount.”

ARTICLE II REVOLVING CREDIT FACILITY

SECTION 2.1. Revolving Credit Loans. Subject to the terms and conditions of this
Agreement, each Lender severally agrees to make Revolving Credit Loans in Dollars to the Borrower
from time to time from the Closing Date through the Revolving Credit Termination Date as requested
by the Borrower in accordance with the terms of Section 2.2; provided, that (a) the
aggregate principal amount of all outstanding Revolving Credit Loans (after giving effect to any
amount requested) shall not exceed the Revolving Credit Commitment less all outstanding L/C
Obligations and (b) the principal amount of outstanding Revolving Credit Loans from any Lender to
the Borrower shall not at any time exceed such Lender’s Revolving Credit Commitment less such
Lender’s participations in outstanding L/C Obligations. Each Revolving Credit Loan by a Lender
shall be in a principal amount equal to such Lender’s Revolving Credit Commitment Percentage of the
aggregate principal amount of Revolving Credit Loans requested on such occasion. Subject to the
terms and conditions hereof, the Borrower may borrow, repay and reborrow Revolving Credit Loans
hereunder until the Revolving Credit Termination Date.

SECTION 2.2. Procedure for Advances of Revolving Credit Loans. (a) Requests for
Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice in
the form attached hereto as Exhibit B (a “Notice of Revolving Credit Borrowing”) not later
than 11:00 a.m. (Charlotte time) (i) on the same Business Day as each Base Rate Loan and (ii) at
least three (3) Business Days before each LIBOR Rate Loan, of its intention to borrow, specifying
(A) the date of such borrowing, which shall be a Business Day, (B) the amount of such borrowing,
which shall be in an amount equal to the unused amount of the Revolving Credit Commitment, or if
less, (x) with respect to Base Rate Loans in an aggregate principal amount of $1,000,000 or a whole
multiple of $250,000 in excess thereof and (y) with respect to LIBOR Rate Loans in an aggregate
principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof, (C) whether
such Revolving Credit Loan is to be a LIBOR Rate Loan or Base Rate Loan, and (D) in the case of a
LIBOR Rate Loan, the duration of the Interest Period applicable thereto. Notices received after
11:00 a.m. (Charlotte time) shall be deemed received on the next Business Day.

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The Administrative Agent shall promptly notify the Lenders of each Notice of Revolving Credit
Borrowing.

          (b) Disbursement of Revolving Credit Loans. Not later than 2:00 p.m. (Charlotte time)
on the proposed borrowing date, each Lender will make available to the Administrative Agent, for
the account of the Borrower, at the office of the Administrative Agent in funds immediately
available to the Administrative Agent, such Lender’s Revolving Credit Commitment Percentage of the
Revolving Credit Loans to be made on such borrowing date. The Borrower hereby irrevocably
authorizes the Administrative Agent to disburse the proceeds of each borrowing requested pursuant
to this Section 2.2 in immediately available funds by crediting or wiring such proceeds to the
deposit account of the Borrower identified in the most recent notice of account designation,
substantially in the form of Exhibit C hereto (a “Notice of Account Designation”),
delivered by the Borrower to the Administrative Agent or as may be otherwise agreed upon by the
Borrower and the Administrative Agent from time to time. Subject to Section 5.7 hereof, the
Administrative Agent shall not be obligated to disburse the portion of the proceeds of any
Revolving Credit Loan requested pursuant to this Section 2.2 for which any Lender is responsible to
the extent that such Lender has not made available to the Administrative Agent its Revolving Credit
Commitment Percentage of such Revolving Credit Loan.

SECTION 2.3. Repayment of Revolving Credit Loans. (a) Repayment on Termination
Date. The Borrower shall repay the outstanding principal amount of all Revolving Credit Loans
in full on the Revolving Credit Termination Date, with all accrued but unpaid interest thereon.

          (b) Mandatory Repayment of Excess Extensions of Credit. (i) If at any time the
outstanding principal amount of all Revolving Credit Loans plus the Dollar Amount of all
outstanding L/C Obligations exceeds the Revolving Credit Commitment, the Borrower shall repay
immediately upon notice from the Administrative Agent, by payment to the Administrative Agent for
the account of the Lenders, Revolving Credit Loans and/or furnish cash collateral reasonably
satisfactory to the Administrative Agent or repay the L/C Obligations in an amount equal to such
excess. Such cash collateral shall be applied in accordance with Section 12.2(b).

          (ii) Excess Alternative Currency Letters of Credit. If the Administrative Agent shall
determine that the outstanding principal Dollar Amount of all outstanding Letters of Credit
denominated in an Alternative Currency exceeds one hundred and five percent (105%) of the lesser of
(A) the L/C Commitment less the sum of the outstanding principal amount of all L/C Obligations
denominated in Dollars and (B) the Alternative Currency L/C Commitment, in each case as of the last
Business Day of any calendar month during the term hereof, then not later than three (3) Business
Days after notice of the amount of such excess from the Administrative Agent to the Borrower, the
Borrower shall deposit an amount in Dollars equal to such excess with the Administrative Agent to
be held as cash collateral in accordance with Section 12.2(b).

          (c) Optional Repayments. The Borrower may at any time and from time to time repay the
Revolving Credit Loans, in whole or in part, upon at least three (3) Business Days’ irrevocable
notice to the Administrative Agent with respect to LIBOR Rate Loans and one (1) Business Day’s
irrevocable notice with respect to Base Rate Loans, in the form attached hereto as Exhibit D (a
“Notice of Prepayment”) specifying the date and amount of repayment and whether the repayment is
of LIBOR Rate Loans, Base Rate Loans, or a combination thereof, and, if of a combination thereof,
the amount allocable to each. Upon receipt of such notice, the
Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount
specified in such notice shall be due and payable on the date set forth in such notice. Partial
repayments shall be in an aggregate amount of $1,000,000 or a whole multiple of $250,000 in

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excess thereof with respect to Base Rate Loans and $5,000,000 or a whole multiple of $1,000,000 in
excess thereof with respect to LIBOR Rate Loans.

          (d) Limitation on Repayment of LIBOR Rate Loans. The Borrower may not repay any
LIBOR Rate Loan on any day other than on the last day of the Interest Period applicable thereto
unless such repayment is accompanied by any amount required to be paid pursuant to Section 5.10
hereof.

SECTION 2.4. Evidence of Debt. (a) The Administrative Agent shall maintain a register and
a subaccount therein for each Lender (the “Register”), in which shall be recorded (i) the
amount of each Revolving Credit Loan made hereunder, including each Revolving Credit Loan
evidenced by a Revolving Credit Note, and each Interest Period applicable thereto, (ii) the amount
of any principal or interest due and payable or to become due and payable from the Borrower to
each Lender hereunder and (iii) both the amount of any sum received by the Administrative Agent
hereunder from the Borrower and each Lender’s share thereof.

          (b) The entries made in the Register and the accounts of each Lender maintained pursuant to
Section 2.4(a) shall, to the extent permitted by applicable law, be prima facie evidence of the
existence and amounts of the obligations of the Borrowers therein recorded, absent manifest error;
provided, however, that the failure of the Administrative Agent to maintain the Register or any
such account, or any error therein, shall not in any manner affect the obligation of the Borrower
to repay (with applicable interest) the Revolving Credit Loans made to the Borrower in accordance
with the terms of this Agreement.

          (c) The Borrower hereby agrees that, upon the request to the Administrative Agent by any
Lender, the Borrower will execute and deliver to such Lender a Revolving Credit Note of such
Borrower evidencing the Revolving Credit Loans of such Lender, substantially in the form of
Exhibit A.

SECTION 2.5. Permanent Reduction of the Revolving Credit Commitment (a) Voluntary
Reduction. The Borrower shall have the right at any time and from time to time, upon at least
five (5) Business Days’ prior written notice to the Administrative Agent, to permanently reduce,
without premium or penalty, (i) the entire Revolving Credit Commitment at any time or (ii)
portions of the Revolving Credit Commitment, from time to time, in an aggregate principal amount
not less than $5,000,000 or any whole multiple of $1,000,000 in excess thereof.

          (b) Each permanent reduction of the Revolving Credit Commitment made pursuant to this Section
2.5 shall be accompanied, if necessary, by a payment of principal sufficient to reduce the
aggregate outstanding Revolving Credit Loans and L/C Obligations, as applicable, after such
reduction to the Revolving Credit Commitment as so reduced and if the Revolving Credit Commitment
as so reduced is less than the aggregate amount of all outstanding Letters of Credit, the Borrower
shall be required to deposit in a cash collateral account opened by the Administrative Agent an
amount equal to the amount by which the aggregate then undrawn and unexpired amount of such
Letters of Credit exceeds the Revolving Credit Commitment as so reduced. Any reduction of the
Revolving Credit Commitment to zero (including upon termination of the Revolving Credit Facility
on the Revolving Credit Termination Date) shall be accompanied
by payment of all outstanding Revolving Credit Loans (and furnishing of cash collateral
satisfactory to the Administrative Agent for all L/C Obligations) and shall result in the
termination of the Revolving Credit Commitment and the Revolving Credit Facility. Such cash
collateral shall be applied in accordance with Section 12.2(b). If the reduction of the Revolving

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Credit Commitment requires the repayment of any LIBOR Rate Loan, such repayment shall be
accompanied by any amount required to be paid pursuant to Section 5.10 hereof.

SECTION 2.6. Termination of Revolving Credit Facility. The Revolving Credit Facility
shall terminate on the earliest of (a) May 16, 2010, (b) the date of termination of the entire
Revolving Credit Commitment by the Borrower pursuant to Section 2.5(a), and (c) the date of
termination by the Administrative Agent on behalf of the Lenders pursuant to Section 12.2(a).

SECTION 2.7. Increase in the Aggregate Revolving Credit Commitments.

          (a) The Borrower may, at any time but in any event not more than once in any calendar year
prior to the Revolving Credit Termination Date, by notice to the Administrative Agent, request
that the aggregate amount of the Revolving Credit Commitments be increased by an amount of
$25,000,000 or an integral multiple thereof (each a “Commitment Increase”) to be effective
as of a date that is at least 90 days prior to the scheduled Revolving Credit Termination Date
(the “Increase Date”) as specified in the related notice to the Administrative Agent;
provided, however that (i) in no event shall the aggregate amount of the Revolving
Credit Commitments at any time exceed $850,000,000 and (ii) on the date of any request by the
Borrower for a Commitment Increase and on the related Increase Date, (x) the representations and
warranties in Section 7.1 shall be true and correct and (y) no Default shall have occurred and be
continuing.

          (b) The Administrative Agent shall promptly notify the Lenders of a request by the Borrower
for a Commitment Increase, which notice shall include (i) the proposed amount of such requested
Commitment Increase, (ii) the proposed Increase Date and (iii) the date by which Lenders wishing to
participate in the Commitment Increase must commit to an increase in the amount of their respective
Revolving Credit Commitments (the “Commitment Date”). Each Lender that is willing to
participate in such requested Commitment Increase (each an “Increasing Lender”) shall, in
its sole discretion, give written notice to the Administrative Agent on or prior to the Commitment
Date of the amount by which it is willing to increase its Revolving Credit Commitment. If the
Lenders notify the Administrative Agent that they are willing to increase the amount of their
respective Revolving Credit Commitments by an aggregate amount that exceeds the amount of the
requested Commitment Increase, the requested Commitment Increase shall be allocated among the
Lenders willing to participate therein in such amounts as are agreed between the Borrower and the
Administrative Agent.

          (c) Promptly following each Commitment Date, the Administrative Agent shall notify the
Borrower as to the amount, if any, by which the Lenders are willing to participate in the requested
Commitment Increase. If the aggregate amount by which the Lenders are willing to participate in any
requested Commitment Increase on any such Commitment Date is less than the requested Commitment
Increase, then the Borrower may extend offers to one or more Eligible Assignees to participate in
any portion of the requested Commitment Increase that has not been committed to by the Lenders as
of the applicable Commitment Date; provided, however, that the Revolving Credit
Commitment of each such Eligible Assignee shall be in an amount of $5,000,000 or more.

          (d) On each Increase Date, each Eligible Assignee that accepts an offer to participate in a
requested Commitment Increase in accordance with Section 2.7(b) (each such Eligible Assignee, an
“Assuming Lender”) shall become a Lender party to this Agreement as of such Increase Date
and the Revolving Credit Commitment of each Increasing Lender for such requested Commitment
Increase shall be so increased by such amount (or by the amount allocated

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to such Lender pursuant to the last sentence of Section 2.7(b)) as of such Increase Date; provided,
however, that the Administrative Agent shall have received on or before such Increase Date the
following, each dated such date:

     (i) (A) certified copies of resolutions of the Board of Directors of the Borrower
approving the Commitment Increase, (B) a consent from each Additional Obligor approving
such Commitment Increase and (C) an opinion of counsel for the Borrower (which may be
in-house counsel), in form and substance reasonably satisfactory to the Administrative
Agent;

     (ii) an assumption agreement from each Assuming Lender, if any, in form and substance
reasonably satisfactory to the Borrower and the Administrative Agent (each an
“Assumption Agreement”), duly executed by such Assuming Lender, the Administrative
Agent and the Borrower; and

     (iii) confirmation from each Increasing Lender of the increase in the amount of its
Revolving Credit Commitment in a writing reasonably satisfactory to the Borrower and the
Administrative Agent.

On each Increase Date, upon fulfillment of the conditions set forth in the immediately preceding
sentence of this Section 2.7(d), the Administrative Agent shall notify the Lenders (including,
without limitation, each Assuming Lender) and the Borrower, on or before 1:00 P.M. (Charlotte
time), by telecopier, of the occurrence of the Commitment Increase to be effected on such
Increase Date and shall record in the Register the relevant information with respect to each
Increasing Lender and each Assuming Lender on such date.

          (e) On the Increase Date, if any Revolving Credit Loans are then outstanding, the Borrower
shall borrow from all or certain of the Lenders and/or (subject to compliance by the Borrower with
Section 2.3) prepay Revolving Credit Loans of all or certain of the Lenders such that, after
giving effect thereto, the Revolving Credit Loans (including, without limitation, the Interest
Periods thereof) shall be held by the Lenders (including for such purposes the Increasing Lenders
and the Assuming Lenders) ratably in accordance with their respective Revolving Credit
Commitments. On and after each Increase Date, the Revolving Credit Commitment Percentage of each
Lender’s participation in Letters of Credit and Revolving Credit Loans from draws under Letters of
Credit shall be calculated after giving effect to each such Commitment Increase.

ARTICLE III LETTER OF CREDIT FACILITY

SECTION 3.1. L/C Commitment. Subject to the terms and conditions hereof, each Issuing
Lender, in reliance on the agreements of the other Lenders set forth in Section 3.4(a), agrees to
issue trade and standby letters of credit (“Letters of Credit”) for the account of the
Borrower and its specified Subsidiaries on any Business Day from the Closing Date to but not
including the Revolving Credit Termination Date in such form as may be approved from time to time
by such Issuing Lender; provided, however, that no Issuing Lender shall have any
obligation to issue any Letter of Credit if, after giving effect to such issuance, (a) the L/C
Obligations would exceed the L/C Commitment or (b) the L/C Obligations on account of Letters of
Credit denominated in an Alternative Currency would exceed the Alternative Currency L/C Commitment
or (c) the aggregate principal amount of outstanding Revolving Credit Loans, plus the aggregate
principal amount of L/C Obligations would exceed the Revolving Credit Commitment. Each Letter of
Credit shall (i) be denominated in (A) Dollars, if such Letter of Credit is a standby Letter of
Credit, or (B) Dollars or an Alternative Currency, if such Letter of Credit is a trade Letter of

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Credit, (ii) be a trade or standby letter of credit issued to support obligations of the Borrower
or any of its Subsidiaries, contingent or otherwise, incurred in the ordinary course of business,
(iii) expire on a date no later than ten Business Days prior to the Revolving Credit Termination
Date, and (iv) be subject to the Uniform Customs and/or ISP 98, as set forth in the Application or
as determined by the applicable Issuing Lender and, to the extent not inconsistent therewith, the
laws of the State of New York. No Issuing Lender shall at any time be obligated to issue any
Letter of Credit hereunder if such issuance would conflict with, or cause such Issuing Lender or
any L/C Participant to exceed any limits imposed by, any Applicable Law. References herein to
“issue” and derivations thereof with respect to Letters of Credit shall also include
extensions or modifications of any existing Letters of Credit, unless the context otherwise
requires. Each Outstanding Letter of Credit shall be deemed to have been issued under this
Agreement.

SECTION 3.2. Procedure for Issuance of Letters of Credit. The Borrower may from time to
time request that any Issuing Lender issue a Letter of Credit (or amend, extend or renew an
outstanding Letter of Credit) by delivering to such Issuing Lender at any Issuing Lender’s office
at any address mutually acceptable to the Borrower and such Issuing Lender an Application therefor,
including, if applicable, the office of such Issuing Lender’s Correspondent, completed to the
satisfaction of such Issuing Lender, and such other certificates, documents and other papers and
information as such Issuing Lender may reasonably request. Upon receipt of any
Application, such Issuing Lender shall process such Application and the certificates, documents and
other papers and information delivered to it in connection therewith in accordance with its
customary procedures and shall, subject to Section 3.1 and Article VI hereof, promptly issue the
Letter of Credit (or amend, extend or renew the outstanding Letter of Credit) requested thereby
(but in no event shall any Issuing Lender be required to issue any Letter of Credit (or amend,
extend or renew an outstanding Letter of Credit) earlier than three (3) Business Days after its
receipt of the Application therefor and all such other certificates, documents and other papers and
information relating thereto) by issuing the original of such Letter of Credit to the beneficiary
thereof or as otherwise may be agreed by such Issuing Lender and the Borrower. Within fifteen (15)
Business Days after the end of each month, the Administrative Agent shall report to each Lender the
average daily outstandings for each day in such month for all Letters of Credit during the previous
month.

SECTION 3.3. Fees and Other Charges. (a) The Borrower shall pay to the Administrative
Agent, for the account of each Issuing Lender and the L/C Participants, a letter of credit fee
(the “L/C Fee”) (i) with respect to each trade Letter of Credit, in an amount equal to the
Applicable Margin for trade Letters of Credit times the average daily undrawn amount of such
issued Letter of Credit as reported by the Administrative Agent pursuant to Section 3.2 and (ii)
with respect to each standby Letter of Credit, in an amount equal to the Applicable Margin for
standby Letters of Credit times the face amount of such Letter of Credit. Such fee shall be
payable quarterly in arrears (x) for trade Letters of Credit, within fifteen (15) Business Days
after the end of each calendar quarter and on the Revolving Credit Termination Date and (y) for
standby Letters of Credit, within fifteen (15) Business Days after the end of each calendar
quarter and on the Revolving Credit Termination Date.

          (b) In addition to the foregoing commission, the Borrower shall pay the Issuing Lenders an
issuance fee of one tenth percent (1/10%) per annum on the face amount of each standby Letter of
Credit, payable quarterly in arrears within fifteen (15) Business Days after the end of each
calendar quarter of each calendar quarter and on the Revolving Credit Termination Date.

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          (c) The Administrative Agent shall, promptly following its receipt thereof, distribute to
each Issuing Lender and the L/C Participants all fees received by the Administrative Agent in
accordance with their respective Revolving Credit Commitment Percentages.

SECTION 3.4. L/C Participations. (a) Each Issuing Lender irrevocably agrees to grant and
hereby grants to each L/C Participant, and, to induce such Issuing Lender to issue Letters of
Credit hereunder, each L/C Participant irrevocably agrees to accept and purchase and hereby accepts
and purchases from such Issuing Lender, on the terms and conditions hereinafter stated, for such
L/C Participant’s own account and risk an undivided interest equal to such L/C Participant’s
Revolving Credit Commitment Percentage in such Issuing Lender’s obligations and rights under each
Letter of Credit issued hereunder and the amount of each draft paid by such Issuing Lender
thereunder. Each L/C Participant unconditionally and irrevocably agrees with each Issuing Lender
that, if a draft is paid under any Letter of Credit for which such Issuing Lender is not reimbursed
in full by the Borrower in accordance with the terms of this Agreement, such L/C Participant shall
pay to such Issuing Lender upon demand at such Issuing Lender’s address for notices specified
herein an amount in Dollars equal to such L/C Participant’s Revolving Credit Commitment Percentage
of the Dollar Amount of such draft, or any part thereof, which is not so reimbursed, such payment
to be made by the making of a Base Rate Loan in Dollars pursuant to Section 3.5(c) below.

          (b) Upon becoming aware of any amount required to be paid by any L/C Participant to any
Issuing Lender pursuant to Section 3.4(a) in respect of any unreimbursed portion of any payment
made by such Issuing Lender under any Letter of Credit, the Administrative Agent shall notify each
L/C Participant of the amount and due date of such required payment and such L/C Participant shall
pay to such Issuing Lender the amount specified on the applicable due date. If any such amount is
paid to such Issuing Lender after the date such payment is due, such L/C Participant shall pay to
such Issuing Lender on demand, in addition to such amount, the product of (i) such amount, times
(ii) the daily average Federal Funds Rate as determined by the Administrative Agent during the
period from and including the date such payment is due to the date on which such payment is
immediately available to such Issuing Lender, times (iii) a fraction the numerator of which is the
number of days that elapse during such period and the denominator of which is 360. A certificate of
any Issuing Lender with respect to any amounts owing under this Section 3.4(b) shall be conclusive
in the absence of manifest error. With respect to payment to any Issuing Lender of the unreimbursed
amounts described in this Section 3.4(b), if the L/C Participants receive notice that any such
payment is due (A) prior to 1:00 p.m. (Charlotte time) on any Business Day, such payment shall be
due that Business Day, and (B) after 1:00 p.m. (Charlotte time) on any Business Day, such payment
shall be due on the following Business Day.

          (c) Whenever, at any time after any Issuing Lender has made payment under any Letter of Credit
and has received from any L/C Participant its Revolving Credit Commitment Percentage of such
payment in accordance with this Section 3.4, such Issuing Lender receives any payment related to
such Letter of Credit (whether directly from the Borrower or otherwise, or any payment of interest
on account thereof), such Issuing Lender will distribute to such L/C
Participant its pro rata share thereof in accordance with such L/C Participant’s Revolving Credit
Commitment Percentage; provided, that in the event that any such payment received by such Issuing
Lender shall be required to be returned by such Issuing Lender, such L/C Participant shall return
to such Issuing Lender the portion thereof previously distributed by such Issuing Lender to it.

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SECTION 3.5. Reimbursement. (a) Reimbursement by the Borrower. The Borrower agrees
to reimburse each Issuing Lender on each date the Administrative Agent notifies the Borrower of the
date and amount of a draft paid under any Letter of Credit for the amount of (i) such draft so paid
and (ii) any taxes, fees, charges or other costs or expenses incurred by any Issuing Lender in
connection with such payment (other than those payable pursuant to Section 3.5(b) below). Each such
payment shall be made to any Issuing Lender at its address for notices specified herein (i) in
Dollars if such Letter of Credit was denominated in Dollars or (ii) in Dollars or the applicable
Alternative Currency, at the option of the Borrower, if such Letter of Credit was denominated in an
Alternative Currency, and in each case, in immediately available funds. Interest shall be payable
on any and all amounts remaining unpaid by the Borrower under this Article III from the day
immediately following the date such amounts become payable (whether at stated maturity, by
acceleration or otherwise) until payment in full at the rate which would be payable on any
outstanding Base Rate Loans which were then overdue.

          (b) Exchange Indemnification and Increased Costs. The Borrower shall, upon demand from
any Issuing Lender or L/C Participant, pay to such Issuing Lender or L/C Participant, the amount of
(i) any loss or cost or increased cost incurred by such Issuing Lender or L/C Participant, (ii) any
reduction in any amount payable to or in the effective return on the capital to such Issuing Lender
or L/C Participant, (iii) any currency exchange loss, in each case with respect to clauses (i),
(ii) and (iii), that such Issuing Lender or L/C Participant sustains as a result of the Borrower’s
repayment in Dollars of any Letter of Credit denominated in an Alternative Currency or (iv) any
interest or any other return, including principal, foregone by such Issuing Lender as a result of
the introduction of, change over to or operation of the euro in any member state participating in
the euro. A certificate of such Issuing Lender setting forth in reasonable detail the basis for
determining such additional amount or amounts necessary to compensate such Issuing Lender shall be
conclusively presumed to be correct save for manifest error.

          (c) Reimbursement by the Lenders. If the Borrower fails to timely reimburse such
Issuing Lender on the date the Borrower receives the notice referred to in this Section 3.5, the
Borrower shall be deemed to have timely given a Notice of Revolving Credit Borrowing pursuant to
Section 2.2 hereunder to the Administrative Agent requesting the Lenders to make a Base Rate Loan
on such date in an amount in Dollars equal to the Dollar Amount (as of the date of funding of such
Base Rate Loan by each Lender) of such draft paid, together with any taxes, fees, charges or other
costs or expenses incurred by any Issuing Lender and to be reimbursed pursuant to this Section 3.5
and, regardless of whether or not the conditions precedent specified in Article VI have been
satisfied, the Lenders shall make Base Rate Loans in such amount, the proceeds of which shall be
applied to reimburse such Issuing Lender for the amount of the related drawing and costs and
expenses. Notwithstanding the foregoing, nothing in this Section 3.5 shall obligate the Lenders to
make such Base Rate Loans if the making of such Base Rate Loans would violate the automatic stay
under federal bankruptcy laws.

SECTION 3.6. Obligations Absolute. The Borrower’s obligations under this Article III
(including without limitation the Reimbursement Obligation) shall be absolute and unconditional
under any and all circumstances and irrespective of any set-off, counterclaim or defense to payment
which the Borrower may have or have had against any Issuing Lender or any beneficiary of a Letter
of Credit. The Borrower also agrees with each Issuing Lender that no Issuing Lender shall be
responsible for, and the Borrower’s Reimbursement Obligation under Section 3.5 shall not be
affected by, among other things, the validity or genuineness of documents or of any endorsements
thereon, even though such documents shall in fact prove to be invalid, fraudulent or forged, or any
dispute between or among the Borrower and any beneficiary of any Letter of

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Credit or any other party to which such Letter of Credit may be transferred or any claims
whatsoever of the Borrower against any beneficiary of such Letter of Credit or any such
transferee. No Issuing Lender shall be liable for any error, omission, interruption or delay in
transmission, dispatch or delivery of any message or advice, however transmitted, in connection
with any Letter of Credit, except for errors or omissions caused by such Issuing Lender’s gross
negligence or willful misconduct. The Borrower agrees that any action taken or omitted by any
Issuing Lender under or in connection with any Letter of Credit or the related drafts or
documents, if done in the absence of gross negligence or willful misconduct and in accordance with
the standards of care specified in the Uniform Customs and/or ISP 98, as set forth in the
Application or as determined by the Issuing Lender and, to the extent not inconsistent therewith,
the laws of the State of New York, shall be binding on the Borrower and shall not result in any
liability of any Issuing Lender to the Borrower. The responsibility of each Issuing Lender to the
Borrower in connection with any draft presented for payment under any Letter of Credit shall, in
addition to any payment obligation expressly provided for in such Letter of Credit, be limited to
determining that the documents (including each draft) delivered under such Letter of Credit in
connection with such presentment are in conformity with such Letter of Credit.

SECTION 3.7 Effect of Application. To the extent that any provision of any Application
related to any Letter of Credit is inconsistent with the provisions of this Article III, the
provisions of this Article III shall apply.

ARTICLE IV [RESERVED]

ARTICLE V GENERAL LOAN PROVISIONS

SECTION 5.1. Interest. (a) Interest Rate Options. Subject to the provisions of
this Section 5.1, at the election of the Borrower, the aggregate principal balance of any
Revolving Credit Loans shall bear interest at (i) the Base Rate plus the Applicable Margin or (ii)
the LIBOR Rate plus the Applicable Margin; provided that LIBOR Rate Loans shall not be available
until three (3) Business Days after the Closing Date unless the Borrower executes and delivers an
indemnity in favor of the Administrative Agent and the Lenders in form and substance satisfactory
to them. The Borrower shall select the rate of interest and Interest Period, if any, applicable to
any Revolving Credit Loan at the time a Notice of Revolving Credit Borrowing is given pursuant to
Section 2.2 or at the time a Notice of Conversion/Continuation is given pursuant to Section 5.2.
Each Revolving Credit Loan or portion thereof bearing interest based on the Base Rate shall be a
“Base Rate Loan”, and each Revolving Credit Loan or portion thereof bearing interest based
on the LIBOR Rate shall be a “LIBOR Rate Loan.” Any Revolving Credit Loan or any portion
thereof as to which the Borrower has not duly specified an interest rate as provided herein shall
be deemed a Base Rate Loan.

          (b) Interest Periods. In connection with each LIBOR Rate Loan, the Borrower, by
giving notice at the times described in Section 5.1(a), shall elect an interest period (each, an
“Interest Period”) to be applicable to such Loan, which Interest Period shall be a period
of one (1), two (2), three (3), or six (6) months (or nine (9) or twelve (12) months or any other
period if available from all Lenders) with respect to each LIBOR Rate; provided that:

     (i) the Interest Period shall commence on the date of advance of or conversion to
any LIBOR Rate Loan and, in the case of immediately successive Interest Periods, each
successive Interest Period shall commence on the date on which the next preceding
Interest Period expires;

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     (ii) if any Interest Period would otherwise expire on a day that is not a Business
Day, such Interest Period shall expire on the next succeeding Business Day; provided,
that if any Interest Period would otherwise expire on a day that is not a Business Day
but is a day of the month after which no further Business Day occurs in such month,
such Interest Period shall expire on the next preceding Business Day;

     (iii) any Interest Period that begins on the last Business Day of a calendar month
(or on a day for which there is no numerically corresponding day in the calendar month
at the end of such Interest Period) shall end on the last Business Day of the relevant
calendar month at the end of such Interest Period;

     (iv) no Interest Period shall extend beyond the Revolving Credit Termination Date;
and

     (v) there shall be no more than six (6) Interest Periods for Revolving Credit Loans
in effect at any time.

          (c) Default Rate. Subject to Section 12.3, at the discretion of the Administrative
Agent and Required Lenders, upon the occurrence and during the continuance of an Event of Default,
(i) the Borrower shall no longer have the option to request LIBOR Rate Loans, (ii) all outstanding
LIBOR Rate Loans shall bear interest at a rate per annum two percent (2%) in excess of the rate
then applicable to LIBOR Rate Loans, as applicable, until the end of the applicable Interest
Period and thereafter at a rate equal to two percent (2%) in excess of the rate then applicable to
Base Rate Loans, and (iii) all outstanding Base Rate Loans shall bear interest at a rate per annum
equal to two percent (2%) in excess of the rate then applicable to Base Rate Loans. Interest shall
continue to accrue on the amount of Revolving Credit Loans outstanding after the filing by or
against the Borrower of any petition seeking any relief in bankruptcy or under any act or law
pertaining to insolvency or debtor relief, whether state, federal or foreign.

          (d) Interest Payment and Computation. Interest on each Base Rate Loan shall be payable
in arrears on the last Business Day of each calendar quarter commencing June 30, 2005; and interest
on each LIBOR Rate Loan shall be payable on the last day of each Interest Period applicable
thereto, and if such Interest Period exceeds three (3) months, at the end of each three (3) month
interval during such Interest Period. Interest on LIBOR Rate Loans and all fees payable hereunder
shall be computed on the basis of a 360-day year and assessed for the actual number of days elapsed
and interest on Base Rate Loans shall be computed on the basis of a 365/66-day year and assessed
for the actual number of days elapsed.

          (e) Maximum Rate. In no contingency or event whatsoever shall the aggregate of all
amounts deemed interest hereunder or under any of the Loan Documents charged or collected pursuant
to the terms of this Agreement or pursuant to any other Loan Document exceed the highest rate
permissible under any Applicable Law which a court of competent jurisdiction shall, in a final
determination, deem applicable hereto. In the event that such a court determines that the Lenders
have charged or received interest hereunder in excess of the highest applicable rate, the rate in
effect hereunder shall automatically be reduced to the maximum rate permitted by Applicable Law
and the Lenders shall at the Administrative Agent’s option (i) promptly refund to the Borrower any
interest received by Lenders in excess of the maximum lawful rate or (ii) shall apply such excess
to the principal balance of the Obligations. It is the intent hereof that the Borrower not pay or
contract to pay, and that neither the Administrative Agent nor any Lender receive or contract to
receive, directly or indirectly in any manner whatsoever, interest in excess of that which may be
paid by the Borrower under Applicable Law.

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SECTION 5.2. Notice and Manner of Conversion or Continuation of Revolving Credit Loans.
Provided that no Event of Default has occurred and is then continuing, the Borrower shall have the
option (a) to convert all or any portion of its outstanding Base Rate Loans in a principal amount
equal to $5,000,000 or any whole multiple of $1,000,000 in excess thereof into one or more LIBOR
Rate Loans and (b), (i) to convert all or any part of its outstanding LIBOR Rate Loans in a
principal amount equal to $1,000,000 or a whole multiple of $250,000 in excess thereof into Base
Rate Loans or (ii) to continue such LIBOR Rate Loans as LIBOR Rate Loans for an additional
Interest Period; provided that if any conversion or continuation is made prior to the expiration
of any Interest Period, the Borrower shall pay any amount required to be paid pursuant to Section
5.10 hereof. Whenever the Borrower desires to convert or continue
Revolving Credit Loans as provided above, the Borrower shall give the Administrative Agent
irrevocable prior written notice in the form attached as Exhibit E (a “Notice of
Conversion/Continuation”) not later than 11:00 a.m. (Charlotte time) three (3) Business Days
before the day on which a proposed conversion or continuation of such Revolving Credit Loan is to
be effective (except in the case of a conversion of a LIBOR Rate Loan to a Base Rate Loan in which
case same day notice by the Borrower shall be sufficient) specifying (A) the Revolving Credit Loans
to be converted or continued, and, in the case of any LIBOR Rate Loan to be converted or continued,
the last day of the Interest Period therefor, (B) the effective date of such conversion or
continuation (which shall be a Business Day), (C) the principal amount of such Revolving Credit
Loans to be converted or continued, and (D) the Interest Period to be applicable to such converted
or continued LIBOR Rate Loan. The Administrative Agent shall promptly notify the Lenders of such
Notice of Conversion/Continuation.

SECTION 5.3. Fees. (a) Commitment Fees. The Borrower shall pay to the
Administrative Agent, for the account of the Lenders, a non-refundable commitment fee (the
“Commitment Fee”) at a rate per annum equal to the Applicable Margin on the unused amount
of the Revolving Credit Commitment. The Commitment Fee shall be payable in arrears on the last
Business Day of each calendar quarter for the period commencing on the Amendment Date and ending on
the Revolving Credit Termination Date. The Commitment Fee shall be distributed by the
Administrative Agent to the Lenders pro rata in accordance with the Lenders’ respective
Revolving Credit Commitment Percentages.

          (b) Administrative Agent’s and Other Fees. In order to compensate the
Administrative Agent for its obligations hereunder, the Borrower agrees to pay to the
Administrative Agent, for its account, the fees set forth in the separate fee letter
agreement executed by the Borrower and the Administrative Agent dated April 26, 2005.

SECTION 5.4. Manner of Payment. Each payment by the Borrower on account of the principal of
or interest on the Revolving Credit Loans or of any fee, commission or other amounts (including the
Reimbursement Obligation) payable to the Lenders under this Agreement or any other Loan Document
shall be made not later than 1:00 p.m. (Charlotte time) on the date specified for payment under
this Agreement to the Administrative Agent at the Administrative Agent’s Office for the account of
the Lenders (other than as set forth below) pro rata in accordance with their respective Revolving
Credit Commitment Percentages (except as specified below), in Dollars, in immediately available
funds and shall be made without any set-off, counterclaim or deduction whatsoever. Any payment
received after such time but before 2:00 p.m. (Charlotte time) on such day shall be deemed a
payment on such date for the purposes of Section 12.1, but for all other purposes shall be deemed
to have been made on the next succeeding Business Day. Any payment received after 2:00 p.m.
(Charlotte time) shall be deemed to have been made on the next succeeding Business Day for all
purposes. Upon receipt by the Administrative Agent of each such payment, the Administrative Agent
shall distribute to each Lender at its address for

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notices set forth herein its pro rata share of such payment in accordance with such Lender’s
Revolving Credit Commitment Percentage (except as specified below), and shall wire advice of the
amount of such credit to each Lender. Each payment to the Administrative Agent of the L/C
Participants’ commissions shall be made in like manner, but for the account of the L/C
Participants. Each payment to the Administrative Agent of Administrative Agent’s fees or expenses
shall be made for the account of the Administrative Agent and any amount payable to any Lender
under Article IV or Section 5.9, 5.10, 5.11, 5.12 or 14.2 shall be paid to the Administrative
Agent for the account of the applicable Lender. Subject to Section 5.1(b)(ii), if any payment
under this Agreement or any other Loan Document shall be specified to be made upon a day which is
not a Business Day, it shall be made on the next succeeding day which is a Business Day and such
extension of time shall in such case be included in computing any interest if payable along with
such payment.

SECTION 5.5. Crediting of Payments and Proceeds. In the event that the Borrower shall fail
to pay any of the Obligations when due and the Obligations have been accelerated pursuant to
Section 12.2, all payments received by the Lenders upon the Obligations and all net proceeds from
the enforcement of the Obligations shall be applied first to all expenses then due and payable by
the Borrower hereunder, then to all indemnity obligations then due and payable by the Borrower
hereunder, then to all Administrative Agent’s fees then due and payable, then to all commitment and
other fees and commissions then due and payable, then to accrued and unpaid interest hereunder or
under any other Loan Document, and Reimbursement Obligation (pro rata in accordance with all such
amounts due), then to the principal amount hereunder or under any other Loan Document,
Reimbursement Obligation and any termination payments due in respect of a Hedging Agreement with
any Lender or Affiliate of a Lender (which Hedging Agreement is permitted hereunder) (pro rata in
accordance with all such amounts due) and then to the cash collateral account described in Section
12.2(b) hereof to the extent of any L/C Obligations then outstanding, in that order.

SECTION 5.6. Adjustments. If any Lender (a “Benefited Lender”) shall at any time
receive any payment of all or part of the Obligations owing to it, or interest thereon, or if any
Lender shall at any time receive any collateral in respect to the Obligations owing to it (whether
voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such
payment to and collateral received by any other Lender, if any, in respect of the Obligations owing
to such other Lender, or interest thereon, such Benefited Lender shall purchase for cash from the
other Lenders such portion of each such other Lender’s Extensions of Credit Obligations, or shall
provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as
shall be necessary to cause such Benefited Lender to share the excess payment or benefits of such
collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of
such excess payment or benefits is thereafter recovered from such Benefited Lender, such purchase
shall be rescinded, and the purchase price and benefits returned to the extent of such recovery,
but without interest. The Borrower agrees that each Lender so purchasing a portion of another
Lender’s Extensions of Credit may exercise all rights of payment (including, without limitation,
rights of set-off) with respect to such portion as fully as if such Lender were the direct holder
of such portion.

SECTION 5.7. Nature of Obligations of Lenders Regarding Extensions of Credit; Assumption by the
Administrative Agent. The obligations of the Lenders under this Agreement to make the Revolving
Credit Loans and issue or participate in Letters of Credit are several and are not joint or joint
and several. Unless the Administrative Agent shall have received notice from a Lender prior to a
proposed borrowing date that such Lender will not make available to the Administrative Agent such
Lender’s ratable portion of the amount to be borrowed on such date (which notice

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shall not release such Lender of its obligations hereunder), the Administrative Agent may assume
that such Lender has made such portion available to the Administrative Agent on the proposed
borrowing date in accordance with Sections 2.2(b), and the Administrative Agent may, in reliance
upon such assumption, make available to the Borrower on such date a corresponding amount. If such
amount is made available to the Administrative Agent on a date after such borrowing date, such
Lender shall pay to the Administrative Agent on demand an amount, until paid, equal to the product
of (a) the amount not made available by such Lender in accordance with the terms hereof, times (b)
the daily average Federal Funds Rate during such period as determined by the Administrative Agent,
times (c) a fraction the numerator of which is the number of days that elapse from and including
such borrowing date to the date on which such amount not made available by such Lender in
accordance with the terms hereof shall have become immediately available to the Administrative
Agent and the denominator of which is 360. A certificate of the Administrative Agent with respect
to any amounts owing under this Section 5.7 shall be conclusive, absent manifest error. If such
Lender’s Revolving Credit Commitment Percentage of such borrowing is not made available to the
Administrative Agent by such Lender within three (3) Business Days of such borrowing date, the
Administrative Agent shall be entitled to recover such amount made available by the Administrative
Agent with interest thereon at the rate per annum applicable to such borrowing, on demand, from the
Borrower. The failure of any Lender to make available its Revolving Credit Commitment Percentage of
any Revolving Credit Loan requested by the Borrower shall not relieve it or any other Lender of its
obligation hereunder to make its Revolving Credit Commitment Percentage of such Revolving Credit
Loan available on the borrowing date, but no Lender shall be responsible for the failure of any
other Lender to make its Revolving Credit Commitment Percentage of such Revolving Credit Loan
available on the borrowing date.

SECTION 5.8. Joint and Several Liability of the Credit Parties. (a) Each of the Credit
Parties is jointly and severally liable not merely as a surety but as a co-debtor for each and
every Obligation. Each of the Credit Parties is accepting joint and several liability hereunder in
consideration of the financial accommodations to be provided by the Lenders under this Agreement,
for the mutual benefit, directly or indirectly, of each of the Credit Parties and in consideration
of the undertakings of each of the Credit Parties to accept joint and several liability for the
Obligations.

          (b) Except as otherwise expressly provided herein, each Credit Party hereby waives promptness,
diligence, presentment, demand, protest, notice of acceptance of its joint and several liability,
notice of any and all advances of the Revolving Credit Loans and Letters of Credit made under this
Agreement and the other Loan Documents, notice of occurrence of any Default or Event of Default, or
of any demand for any payment under this Agreement and notice of any action at any time taken or
omitted by the Administrative Agent or any Lender under or in respect of any of the Obligations
hereunder. Each Credit Party hereby waives all defenses which may be available by virtue of any
valuation, stay, moratorium law or other similar law now or hereafter in effect, any right to
require the marshaling of assets of any of the Credit Parties and any other entity or person
primarily or secondarily liable with respect to any of the Obligations, and all suretyship defenses
generally. Each Credit Party hereby assents to, and waives notice of, any extension or postponement
of the time for the payment, or place or manner for payment, compromise, refinancing, consolidation
or renewals of any of the Obligations hereunder, the acceptance of any partial payment thereon, any
waiver, consent or other action or acquiescence by the Administrative Agent or any Lender at any
time or times in respect of any default by any Credit Party in the performance or satisfaction of
any term, covenant, condition or provision of this Agreement and the other Loan Documents, any and
all other indulgences whatsoever by the Administrative Agent or any Lender in respect of any of the
Obligations, and the taking, addition,

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substitution or release, in whole or in part, at any time or times, of any security for any of such
Obligations or the addition, substitution or release, in whole or in part, of any Credit Party or
any other entity or person primarily or secondarily liable for any Obligation. If for any reason
any of the Credit Parties has no legal existence or is under no legal obligation to discharge any
of the Obligations, or if any of the Obligations have become irrecoverable from any of the Credit
Parties by reason of such Credit Party’s insolvency, bankruptcy or reorganization or by other
operation of law or for any reason, this Agreement and the other Loan Documents shall nevertheless
be binding on each of the other Credit Parties to the same extent as if such Credit Party at all
times had been the sole obligor on such Obligations. The Obligations of each Credit Party under
this Section 5.8 shall not be diminished or rendered unenforceable by any winding up,
reorganization, arrangement, liquidation, reconstruction or similar proceeding with respect to any
reconstruction or similar proceeding with respect to any Credit Party, the Administrative Agent or
any Lender.

          (c) If at any time, any payment, or any part thereof, made in respect of any of the
Obligations, is rescinded or must otherwise be restored or returned by the Administrative Agent or
any Lender upon the insolvency, bankruptcy or reorganization of any of the Credit Parties, or
otherwise, the provisions of this Section 5.8 will forthwith be reinstated in effect as though such
payment had not been made.

          (d) Until the payment and performance in full of all the Obligations, none of the Credit
Parties shall exercise and each hereby waives any rights against the other Credit Parties as a
result of payment by such Credit Party hereunder, by way of subrogation, reimbursement,
restitution, contribution or otherwise, and none of the Credit Parties will prove any claim in
competition with the Administrative Agent or any Lender in respect of any payment hereunder in
bankruptcy, insolvency, or reorganization proceedings of any nature; none of the Credit Parties
will claim any set-off, recoupment or counterclaim against any of the other Credit Parties in
respect of any liability of one Credit Party to another Credit Party. Each of the Credit Parties
hereby agrees that the payment of any amounts due with respect to any indebtedness owing by any of
the Credit Party to any other Credit Party is hereby subordinated to the prior payment in full in
cash of the Obligations. Each Credit Party agrees that, after the occurrence and during the
continuance of any Default or Event of Default hereunder, none of the Credit Parties will demand,
sue for or otherwise attempt to collect any indebtedness of any other Credit Party to such Credit
Party until all of the Obligations of the Credit Parties hereunder shall have been paid in full in
cash. If, notwithstanding the foregoing sentence, any Credit Party shall collect, enforce or
receive any amounts in respect of such indebtedness in violation of the foregoing sentence while
any Obligations of the Credit Parties are still outstanding, such amounts shall be collected,
enforced and received by such Credit Party as trustee for the Administrative Agent and the Lenders
and be paid over to the Administrative Agent on account of the Obligations without affecting in any
manner the liability of such Credit Party under the other provisions hereof.

SECTION 5.9. Changed Circumstances. (a) Circumstances Affecting LIBOR Rate
Availability. If with respect to any Interest Period: (i) the Administrative Agent or any
Lender (after consultation with Administrative Agent) shall determine that, by reason of
circumstances affecting the foreign exchange and interbank markets generally, deposits in the
applicable currency, in the applicable amounts are not being quoted via British Bankers’
Association Interest Settlement Rates (or on any successor or substitute page of such service, or
any successor to or substitute for such service, providing rate quotations comparable to those
currently provided on such page of such service, as determined by the Administrative Agent from
time to time for purposes of providing quotations of interest rates applicable to deposits of the
applicable currency in the London interbank market) or offered to the Administrative Agent or such
Lender for such Interest Period; or (ii) the Required Lenders reasonably determine (which
determination shall be

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conclusive) and notify the Administrative Agent that the LIBOR Rate will not adequately and
fairly reflect the cost to the Required Lenders of funding LIBOR Rate Loans for such Interest
Period; then the Administrative Agent shall forthwith give notice thereof to the Borrower.
Thereafter, until the Administrative Agent notifies the Borrower that such circumstances no
longer exist, the obligation of the Lenders to make LIBOR Rate Loans and the right of the
Borrower to convert any Revolving Credit Loan to or continue any Loan as a LIBOR Rate Loan shall
be suspended, and the Borrower shall repay in full (or cause to be repaid in full) the then
outstanding principal amount of each such LIBOR Rate Loan together with accrued interest thereon,
on the last day of the then current Interest Period applicable to such Loan or convert the then
outstanding principal amount of each such LIBOR Rate Loan as of the last day of such Interest
Period.

          (b) Laws Affecting LIBOR Rate Availability. If, after the Closing Date, the
introduction of, or any change in, any Applicable Law or any change in the interpretation or
administration thereof by any Governmental Authority, central bank or comparable agency charged
with the interpretation or administration thereof, or compliance by any Lender (or any of their
respective Lending Offices) with any request or directive (whether or not having the force of law)
issued after the Closing Date of any such Authority, central bank or comparable agency, shall make
it unlawful or impossible for any of the Lenders (or any of their respective Lending Offices) to
honor its obligations hereunder to make or maintain any LIBOR Rate Loan, such Lender shall promptly
give notice thereof to the Administrative Agent and the Administrative Agent shall promptly give
notice to the Borrower and the other Lenders. Thereafter, until the Administrative Agent notifies
the Borrower that such circumstances no longer exist, (i) the obligations of the Lenders to make
LIBOR Rate Loans and the right of the Borrower to convert any Revolving Credit Loan or continue any
Revolving Credit Loan as a LIBOR Rate Loan shall be suspended and thereafter the Borrower may
select only Base Rate Loans hereunder, and (ii) if any of the Lenders may not lawfully continue to
maintain a LIBOR Rate Loan to the end of the then current Interest Period applicable thereto , the
applicable Loan shall immediately be converted to a Base Rate Loan or a Loan that bears interest at
the Base Rate for the remainder of such Interest Period.

          (c) Increased Costs. If, after the Closing Date, the introduction of, or any change
in, any Applicable Law, or in the interpretation or administration thereof by any Governmental
Authority, central bank or comparable agency charged with the interpretation or administration
thereof, or compliance by any of the Lenders (or any of their respective Lending Offices) with any
request or directive (whether or not having the force of law) issued after the Closing Date of such
Authority, central bank or comparable agency:

     (i) shall subject any of the Lenders (or any of their respective Lending Offices) to
any tax, duty or other charge with respect to any Revolving Credit Loan, Letter of Credit
or Application or shall change the basis of taxation of payments to any of the Lenders (or
any of their respective Lending Offices) of the principal of or interest on any Revolving
Credit Loan, Letter of Credit or Application or any other amounts due under this Agreement
in respect thereof (except for changes in the rate of tax on the overall net income of any
of the Lenders or any of their respective Lending Offices imposed by the jurisdiction in
which such Lender is organized or is or should be qualified to do business or such Lending
Office is located); or

     (ii) shall impose, modify or deem applicable any reserve (including, without
limitation, any imposed by the Board of Governors of the Federal Reserve System), special
deposit, insurance or capital or similar requirement against assets of, deposits with

30

 

or for the account of, or credit extended by any of the Lenders (or any of their respective
Lending Offices) or shall impose on any of the Lenders (or any of their respective Lending
Offices) or the foreign exchange and interbank markets any other condition affecting any
Revolving Credit Loan; and the result of any of the foregoing is to increase the costs to
any of the Lenders of maintaining any LIBOR Rate Loan or issuing or participating in
Letters of Credit or to reduce the yield or amount of any sum received or receivable by any
of the Lenders under this Agreement or under any other Loan Document in respect of a LIBOR
Rate Loan or Letter of Credit or Application, then such Lender may promptly notify the
Administrative Agent, and the Administrative Agent shall promptly notify the Borrower of
such fact and demand compensation therefor and, within fifteen (15) days after such notice
by the Administrative Agent, the Borrower shall pay to such Lender such additional amount
or amounts as will compensate such Lender or Lenders for such increased cost or reduction.
The Administrative Agent and the applicable Lender will promptly notify the Borrower of any
event of which it has knowledge which will entitle such Lender to compensation pursuant to
this Section 5.9(c); provided, that the Administrative Agent shall incur no liability
whatsoever to the Lenders or the Borrower in the event it fails to do so. The amount of
such compensation shall be determined, in the applicable Lender’s reasonable discretion,
based upon the assumption that such Lender funded its Revolving Credit Commitment
Percentage of the LIBOR Rate Loans in the London interbank market and using any reasonable
attribution or averaging methods which such Lender deems appropriate and practical;
provided that no compensation shall be payable pursuant to the above if the applicable
Lender fails to demand compensation for such increased costs within one-hundred eighty
(180) days following the date on which such Lender has actual knowledge of the event
resulting in such increase. A certificate of such Lender setting forth in reasonable detail
the basis for determining such amount or amounts necessary to compensate such Lender shall
be forwarded to the Borrower through the Administrative Agent and shall be conclusively
presumed to be correct save for manifest error.

     (d) Mitigation Obligations; Replacement of Lenders.

          (i) If any Lender requests compensation under this Section 5.9, or if the Borrower is required
to pay any additional amount to any Lender or any Governmental Authority for the account of any
Lender pursuant to Section 5.12, then such Lender shall use reasonable efforts to designate a
different lending office for funding or booking its Loans hereunder or to assign its rights and
obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of
such Lender, such designation or assignment (A) would eliminate or reduce amounts payable pursuant
to this Section 5.9 or Section 5.12, as the case may be, in the future and (B) would not subject
such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such
Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender
in connection with any such designation or assignment.

          (ii) If any Lender requests compensation under this Section 5.9, or if the Borrower is
required to pay any additional amount to any Lender or any Governmental Authority for the account
of any Lender pursuant to Section 5.12, or if any Lender defaults in its obligation to fund Loans
hereunder, then the Borrower may, at its sole expense and effort, upon notice to such Lender and
the Administrative Agent, require such Lender to assign and delegate, without recourse (in
accordance with and subject to the restrictions contained in Section 14.10), all its interests,
rights and obligations under this Agreement to an Eligible Assignee that shall assume such
obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided
that (A) the Borrower shall have received the prior written consent of the Administrative

31

 

Agent (and, if a participation in a Letter of Credit is being assigned, the Issuing Lender that
issued such Letter of Credit), which consent shall not unreasonably be withheld, (B) such Lender
shall have received payment of an amount equal to the outstanding principal of its Revolving Credit
Loans and participations in Letters of Credit, accrued interest thereon, accrued fees and all other
amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal and
accrued interest and fees) or the Borrower (in the case of all other amounts) and (C) in the case
of any such assignment resulting from a claim for compensation under this Section 5.9, such
assignment will result in a reduction in such compensation or payments. A Lender shall not be
required to make any such assignment and delegation if, prior thereto, as a result of a waiver by
such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and
delegation cease to apply.

SECTION 5.10. Indemnity. The Borrower hereby indemnifies each of the Lenders against any
loss or expense which may arise or be attributable to each Lender’s obtaining, liquidating or
employing deposits or other funds acquired to effect, fund or maintain any Loan (a) as a
consequence of any failure by the Borrower to make any payment when due of any amount due hereunder
in connection with a LIBOR Rate Loan, (b) due to any failure of the Borrower to borrow on a date
specified therefor in a Notice of Revolving Credit Borrowing or Notice of Continuation/Conversion
or (c) due to any payment, prepayment or conversion of any LIBOR Rate Loan on a date other than the
last day of the Interest Period therefor. The amount of such loss, cost or expense to any Lender
shall be deemed to equal an amount determined by such Lender to be the excess, if any, of (i) the
amount of interest which would have accrued on the principal amount of such Loan had such event not
occurred, at the LIBOR Rate that would have been applicable to such Loan, for the period from the
date of such event to the last day of the then current Interest Period therefor (or, in the case of
a failure to borrow, convert or continue, for the period that would have been the Interest Period
for such Loan), over (ii) the amount of interest which would accrue on such principal amount for
such period at the interest rate which such Lender would bid, were it to bid, at the commencement
of such period, for deposits in the applicable currency of a comparable amount and period from
other banks in the London interbank market; provided that no compensation shall be payable pursuant
to the above if the applicable Lender fails to demand compensation for such increased costs within
one-hundred eighty (180) days following the date on which such Lender has actual knowledge of the
event resulting in such increase. A certificate of such Lender setting forth in reasonable detail
the basis for determining such amount or amounts necessary to compensate such Lender shall be
forwarded to the Borrower through the Administrative Agent and shall be conclusively presumed to be
correct save for manifest error.

SECTION 5.11. Capital Requirements. If either (a) the introduction of, or any change in, or
in the interpretation of, any Applicable Law or (b) compliance with any guideline or request issued
after the Closing Date from any central bank or comparable agency or other Governmental Authority
(whether or not having the force of law), has or would have the effect of reducing the rate of
return on the capital of, or has affected or would affect the amount of capital required to be
maintained by, any Lender or any corporation controlling such Lender as a consequence of, or with
reference to any Lender’s Revolving Credit Commitment and other commitments of this type, below the
rate which the Lender or such other corporation could have achieved but for such introduction,
change or compliance, then within five (5) Business Days after written demand by any such Lender,
the Borrower shall pay to such Lender from time to time as specified by such Lender additional
amounts sufficient to compensate such Lender or other corporation for such reduction; provided that
no compensation shall be payable pursuant to the above if the applicable Lender fails to demand
compensation for such increased costs within one-hundred eighty (180) days following the date on
which such lender has actual knowledge of the event resulting in such

32

 

increase. A certificate of such Lender setting forth in reasonable detail the basis for
determining such amounts necessary to compensate such Lender shall be forwarded to the Borrower
through the Administrative Agent and shall be conclusively presumed to be correct save for
manifest error.

SECTION 5.12. Taxes. (a) Payments Free and Clear. Any and all payments by the
Borrower hereunder or under the Notes or the Letters of Credit shall be made free and clear of and
without deduction for any and all present or future taxes, levies, imposts, deductions, charges or
withholding, and all liabilities with respect thereto excluding, (i) in the case of each Lender and
the Administrative Agent, income and franchise taxes imposed on (or measured by) its net income by
the United States of America or by the jurisdiction under the laws of which such Lender or the
Administrative Agent (as the case may be) is organized or its principal office is located or is or
should be qualified to do business or any political subdivision thereof, or in the case of any
Lender, in which its applicable Lending Office is located (provided, however, that no Lender shall
be deemed to be located in any jurisdiction solely as a result of taking any action related to this
Agreement or the Notes or Letters of Credit) and (ii) any branch profits tax imposed by the United
States of America or any similar tax imposed by any other jurisdiction described in clause (i)
above (all such non-excluded taxes, levies, imposts, deductions, charges, withholdings and
liabilities being hereinafter referred to as “Taxes”). If the Borrower shall be required by law to
deduct any Taxes from or in respect of any sum payable hereunder or under any Note or Letter of
Credit to any Lender or the Administrative Agent, (A) the sum payable shall be increased as may be
necessary so that after making all required deductions (including deductions applicable to
additional sums payable under this Section 5.12) such Lender or the Administrative Agent (as the
case may be) receives an amount equal to the amount such party would have received had no such
deductions been made, (B) the Borrower shall make such deductions, (C) the Borrower shall pay the
full amount deducted to the relevant taxing authority or other authority in accordance with
applicable law, and (D) the Borrower shall deliver to the Administrative Agent evidence of such
payment to the relevant taxing authority or other authority in the manner provided in Section
5.12(d). The Borrower shall not, however, be required to pay any amounts pursuant to clause (A) of
the preceding sentence to any Foreign Lender or the Administrative Agent not organized under the
laws of the United States of America or a state thereof (or the District of Columbia) if such
Foreign Lender or the Administrative Agent fails to comply with the requirements of paragraph (e)
of this Section 5.12 or Section 5.9(d), as the case may be.

          (b) Stamp and Other Taxes. In addition, the Borrower shall pay any present or future
stamp, registration, recordation or documentary taxes or any other similar fees or charges or
excise or property taxes, levies of the United States or any state or political subdivision thereof
or any applicable foreign jurisdiction which arise from any payment made hereunder or from the
execution, delivery or registration of, or otherwise with respect to, this Agreement, the Loans,
the Letters of Credit, the other Loan Documents (hereinafter referred to as “Other Taxes”).

          (c) Indemnity. The Borrower shall indemnify each Lender and the Administrative Agent
for the full amount of Taxes and Other Taxes (including, without limitation, any Taxes and Other
Taxes imposed by any jurisdiction on amounts payable under this Section 5.12) paid by such Lender
or the Administrative Agent (as the case may be) and any liability (including penalties, interest
and reasonable expenses) arising therefrom or with respect thereto, whether or not such Taxes or
Other Taxes were correctly or legally asserted. A certificate as to the amount of such payment or
liability prepared by a Lender or the Administrative Agent, absent manifest error, shall be
conclusive, provided that if the Borrower reasonably believes that such Taxes or Other Taxes were
not correctly or legally asserted, such

33

 

Lender or the Administrative Agent (as the case may be) shall use reasonable efforts to cooperate
with the Borrower, at the Borrower’s expense, to obtain a refund of such Taxes or Other Taxes. Such
indemnification shall be made within thirty (30) days from the date such Lender or the
Administrative Agent (as the case may be) makes written demand therefor. If a Lender or the
Administrative Agent shall become aware that it is entitled to receive a refund in respect of Taxes
or Other Taxes, it promptly shall notify the Borrower of the availability of such refund and shall,
within sixty (60) days after receipt of a request by the Borrower pursue or timely claim such
refund at the Borrower’s expense. If any Lender or the Administrative Agent receives a refund in
respect of any Taxes or Other Taxes for which such Lender or the Administrative Agent has received
payment from the Borrower hereunder, it promptly shall repay such refund (plus interest received,
if any) to the Borrower (but only to the extent of indemnity payments made, or additional amounts
paid, by the Borrower under this Section 5.12 with respect to Taxes or Other Taxes giving rise to
such refund), provided that the Borrower, upon the request of such Lender or the Administrative
Agent, agrees to return such refund (plus any penalties, interest or other charges required to be
paid) to such Lender or the Administrative Agent in the event such Lender or the Administrative
Agent is required to repay such refund to the relevant taxing authority.

          (d) Evidence of Payment. Within thirty (30) days after the date of any payment of
Taxes or Other Taxes, the Borrower shall furnish to the Administrative Agent, at its address
referred to in Section 14.1, the original or a certified copy of a receipt evidencing payment
thereof or other evidence of payment satisfactory to the Administrative Agent.

          (e) Delivery of Tax Forms. Each Foreign Lender shall deliver to the Borrower, with a
copy to the Administrative Agent, on the Closing Date or concurrently with the delivery of the
relevant Assumption Agreement or Assignment and Acceptance, as applicable, (i) two United States
Internal Revenue Service Forms W-8ECI or Forms W-8BEN, as applicable (or successor forms), properly
completed and certifying in each case that such Foreign Lender is entitled to a complete exemption
from withholding or deduction for or on account of any United States federal income taxes, and (ii)
an Internal Revenue Service Form W-8 or W-9 or successor applicable form, as the case may be, to
establish an exemption from United States backup withholding taxes. Each Foreign Lender further
agrees to deliver to the Borrower, with a copy to the Administrative Agent, a Form W-8BEN or W-8ECI
and Form W-8 or W-9, or successor applicable forms or manner of certification, as the case may be,
on or before the date that any such form expires or becomes obsolete or after the occurrence of any
event requiring a change in the most recent form previously delivered by it to the Borrower,
certifying in the case of a Form W-8BEN or W-8ECI that such Foreign Lender is entitled to receive
payments under this Agreement without deduction or withholding of any United States federal income
taxes (unless in any such case an event (including without limitation any change in treaty, law or
regulation) has occurred prior to the date on which any such delivery would otherwise be required
which renders such forms inapplicable or the exemption to which such forms relate unavailable and
such Foreign Lender notifies the Borrower and the Administrative Agent that it is not entitled to
receive payments without deduction or withholding of United States federal income taxes) and, in
the case of a Form W-8 or W-9, establishing an exemption from United States backup withholding tax.

          (f) Survival. Without prejudice to the survival of any other agreement of the
Borrower hereunder, the agreements and obligations of the Borrower contained in this Section
5.12 shall survive the payment in full of the Obligations and the termination of the Revolving
Credit Commitment.

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ARTICLE VI CLOSING; CONDITIONS OF CLOSING AND BORROWING

SECTION 6.1. Closing. The closing shall take place at the offices of Shearman & Sterling
LLP at 10:00 a.m. on May 16, 2005 or at such other location, on such other date and at such other
time as the parties hereto shall mutually agree.

SECTION 6.2. Conditions to Closing and Initial Revolving Credit Loans and Letters of
Credit. The obligation of the Lenders to close this Agreement and to make the initial
Revolving Credit Loans or issue the initial Letters of Credit is subject to the satisfaction or
waiver of each of the following conditions:

     (a) Executed Loan Documents. This Agreement and the Revolving Credit Notes
(to the extent requested as provided herein) shall have been duly authorized, executed and
delivered to the Administrative Agent by the parties thereto, shall be in full force and
effect and no default shall exist thereunder, and the Borrower shall have delivered
original counterparts thereof to the Administrative Agent.

          (b) Closing Certificates; Etc.

     (i) Officers’ Certificate of the Borrower. The Administrative Agent shall
have received a certificate from a Responsible Officer, in form and substance reasonably
satisfactory to the Administrative Agent, to the effect that all representations and
warranties of the Borrower contained in this Agreement and the other Loan Documents are
true, correct and complete in all material respects; that the Borrower is not in violation
of any of the covenants contained in this Agreement and the other Loan Documents; that,
after giving effect to the transactions contemplated by this Agreement, no Default or
Event of Default has occurred and is continuing; and that each of the closing conditions
has been satisfied or waived (assuming satisfaction of the Administrative Agent where not
advised otherwise).

     (ii) General Certificate of each Credit Party. The Administrative Agent shall
have received a certificate of the secretary, assistant secretary or general counsel of
each Credit Party certifying as to the incumbency and genuineness of the signature of each
officer of such Credit Party executing Loan Documents to which it is a party and certifying
that attached thereto is a true, correct and complete copy of resolutions duly adopted by
the Board of Directors of such Credit Party authorizing, in the case of the Borrower, the
borrowings contemplated hereunder and, in the case of each Credit Party, the execution,
delivery and performance of this Agreement and the other Loan Documents to which it is a
party.

     (iii) Opinions of Counsel. The Administrative Agent shall have received
favorable opinions of Ira M. Dansky, General Counsel to the Borrower, Cravath, Swaine &
Moore LLP, special counsel to the Borrower, Schnader Harrison Segal & Lewis LLP,
Pennsylvania counsel to the Borrower, and Drinker Biddle & Reath LLP, New Jersey counsel
to the Borrower, each addressed to the Administrative Agent and the Lenders with respect
to the Credit Parties, the Loan Documents and such other matters as the Lenders shall
reasonably request.

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     (c) Consents; Defaults.

     (i) Governmental and Third Party Approvals. The Borrower shall have obtained
all material approvals, authorizations and consents of any Person and of all Governmental
Authorities and courts having jurisdiction with respect to the transactions contemplated
by this Agreement and the other Loan Documents.

     (ii) No Event of Default. No Default or Event of Default shall have occurred
and be continuing.

     (d) Financial Matters.

     (i) Financial Statements. The Administrative Agent shall have received the
audited Consolidated financial statements of Jones Apparel Group and its Subsidiaries for
the Fiscal Year ended on December 31, 2004 and the unaudited financial statements of Jones
Apparel Group and its Subsidiaries for the fiscal quarter ended on April 2, 2005.

     (ii) Financial Condition Certificate. The Borrower shall have delivered to
the Administrative Agent a certificate, in form and substance reasonably satisfactory to
the Administrative Agent, and certified by a Responsible Officer, that the financial
projections previously delivered to the Administrative Agent were prepared in good faith
based upon assumptions believed to be reasonable at the time.

     (iii) Payment at Closing; Fee Letters. The Borrower shall have paid the fees
set forth or referenced in Section 5.3(c) and any other accrued and unpaid fees or
commissions due hereunder (including, without limitation, reasonable legal fees and
expenses) to the Administrative Agent and Lenders, and to any other Person such amount as
may be due thereto in connection with the transactions contemplated hereby, including all
taxes, fees and other charges in connection with the execution, delivery, recording,
filing and registration of any of the Loan Documents. The Administrative Agent shall have
received duly authorized and executed copies of the fee letter agreement referred to in
Section 5.3(c).

     (e) Miscellaneous.

     (i) Notice of Revolving Credit Borrowing. The Administrative Agent shall
have received a Notice of Revolving Credit Borrowing from the Borrower in accordance with
Section 2.2(a), and a Notice of Account Designation specifying the account or accounts to
which the proceeds of any Revolving Credit Loans made after the Closing Date are to be
disbursed.

     (ii) Proceedings and Documents. All opinions, certificates and other
instruments and all proceedings in connection with the transactions contemplated by this
Agreement shall be satisfactory in form and substance to the Lenders.

     (iii) Investment Policy. The Borrower shall have delivered to the
Administrative Agent a true and complete copy of the investment policy referenced in
Section 11.4(b) in form and content reasonably acceptable to the Administrative Agent.

     (f) Refinancing. On the Closing Date hereunder, (i) all outstanding loans
under the Prior Credit Agreement (“Existing Loans”) shall be replaced by Revolving

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Credit Loans hereunder and the Administrative Agent shall make such transfers of funds as
are necessary in order that the outstanding balance of such Revolving Credit Loans,
together with any Revolving Credit Loans funded on the Closing Date, reflect the Revolving
Credit Commitment of the Lenders hereunder, (ii) all outstanding letters of credit issued
pursuant to the Prior Credit Agreement shall be deemed Letters of Credit hereunder and
each Lender shall purchase a participation therein pursuant to Section 3.4 in accordance
with its Revolving Credit Commitment Percentage, (iii) there shall have been paid in cash
in full all accrued but unpaid interest due on the Existing Loans up to but excluding the
Closing Date, (iv) there shall have been paid in cash in full all accrued but unpaid fees
due under the Prior Credit Agreement up to but excluding the Closing Date and all other
amounts, costs and expenses then owing to any of the Prior Lenders and/or any Agent, as
agent under the Prior Credit Agreement, in each case to the satisfaction of such Agent or
Prior Lender, as the case may be, regardless of whether or not such amounts would
otherwise be due and payable at such time pursuant to the terms of the Prior Credit
Agreement, (v) all outstanding promissory notes issued by the Borrower to the Prior
Lenders under the Prior Credit Agreement shall be deemed canceled and the originally
executed copies thereof shall be canceled and promptly returned to the Administrative
Agent who shall promptly forward such notes to the Borrower and (vi) the commitments and,
except as expressly set forth in the Prior Credit Agreement, other obligations and rights
of the Borrower and the Prior Lenders shall be terminated without any further action
hereunder or thereunder.

SECTION 6.3. Conditions to Extensions of Credit. The obligations of the Lenders to make
any Extensions of Credit are subject to the satisfaction of the following conditions precedent on
the relevant borrowing or issue date, as applicable:

     (a) Continuation of Representations and Warranties. The representations and
warranties contained in Article VII shall be true and correct on and as of such borrowing
or issuance date with the same effect as if made on and as of such date; except for any
representation and warranty made as of an earlier date, which representation and warranty
shall remain true and correct as of such earlier date.

     (b) No Existing Default. No Default or Event of Default shall have occurred
and be continuing hereunder (i) on the borrowing date with respect to such Revolving Credit
Loan or after giving effect to the Revolving Credit Loans to be made on such date or (ii)
on the issue, extension or renewal date with respect to such Letter of Credit or after
giving effect to such Letter of Credit on such date.

ARTICLE VII REPRESENTATIONS AND WARRANTIES OF THE CREDIT PARTIES

SECTION 7.1. Representations and Warranties. To induce the Administrative Agent and
Lenders to enter into this Agreement and to induce the Lenders to make Extensions of Credit, the
Credit Parties hereby represent and warrant to the Administrative Agent and Lenders that:

     (a) Organization; Power; Qualification. Each of the Credit Parties and their
Subsidiaries is duly organized, validly existing and in good standing under the laws of the
jurisdiction of its incorporation or formation, has the power and authority to own its
properties and to carry on its business as now being and hereafter proposed to be conducted
and is duly qualified and authorized to do business in each jurisdiction in which the
character of its properties or the nature of its business requires such

37

 

qualification and authorization, except where the failure to do so could not reasonably be
expected to have a Material Adverse Effect.

     (b) Ownership. Each Subsidiary of each of the Credit Parties as of the
Amendment Date is listed on Schedule 7.1(b). As of the Amendment Date, the capitalization
of the Credit Parties and their Subsidiaries consists of the number of shares, authorized,
issued and outstanding, of such classes and series, with or without par value, described on
Schedule 7.1(b). As of the Amendment Date, all outstanding shares have been duly authorized
and validly issued and are fully paid and nonassessable. The shareholders of the
Subsidiaries of the Credit Parties and the number of shares owned by each as of the
Amendment Date are described on Schedule 7.1(b). As of the Amendment Date, there are no
outstanding stock purchase warrants, subscriptions, options, securities, instruments or
other rights of any type or nature whatsoever, which are convertible into, exchangeable for
or otherwise provide for or permit the issuance of capital stock of the Credit Parties or
their Subsidiaries, except as described on Schedule 7.1(b).

     (c) Authorization of Agreement, Loan Documents and Borrowing. Each of the
Credit Parties and, if applicable, their Subsidiaries has the right, power and authority
and has taken all necessary corporate and other action to authorize the execution, delivery
and performance of each of the Loan Documents to which it is a party in accordance with
their respective terms. Each of the Loan Documents have been duly executed and delivered by
the duly authorized officers of the Credit Parties and each of their Subsidiaries party
thereto, as applicable, and each such document constitutes the legal, valid and binding
obligation of the Credit Parties and, if applicable, each of their Subsidiaries party
thereto, enforceable in accordance with its terms, except as such enforcement may be
limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal
debtor relief laws from time to time in effect which affect the enforcement of creditors’
rights in general and the availability of equitable remedies.

     (d) Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The
execution, delivery and performance by the Credit Parties and their Subsidiaries of the
Loan Documents to which each such Person is a party, in accordance with their respective
terms, the borrowings hereunder and the transactions contemplated hereby do not and will
not, by the passage of time, the giving of notice or otherwise, (i) require any of the
Credit Parties or any of their Subsidiaries to obtain any Governmental Approval not
otherwise already obtained or violate any Applicable Law relating to the Credit Parties or
any of their Subsidiaries, (ii) conflict with, result in a breach of or constitute a
default under the articles of incorporation, bylaws or other organizational documents of
the Credit Parties or any of their Subsidiaries or any indenture or other material
agreement or instrument to which such Person is a party or by which any of its properties
may be bound or any Governmental Approval relating to such Person except as could not
reasonably be expected to have a Material Adverse Effect, or (iii) result in or require
the creation or imposition of any material Lien upon or with respect to any property now
owned or hereafter acquired by such Person.

     (e) Compliance with Law; Governmental Approvals. Other than with respect to
environmental matters, which are treated exclusively in Section 7.1(h) hereof, each of the
Credit Parties and their Subsidiaries (i) has all Governmental Approvals required by any
Applicable Law for it to conduct its business, each of which is in full force and effect,
is final and not subject to review on appeal and is not the subject of any pending or, to
the best of its knowledge, threatened attack by direct or collateral proceeding, and (ii)
is in

38

 

compliance with each Governmental Approval applicable to it and in compliance with all
other Applicable Laws relating to it or any of its respective properties; in each case,
except where the failure to do so could not reasonably be expected to have a Material
Adverse Effect.

     (f) Tax Returns and Payments. Each of the Credit Parties and their
Subsidiaries has timely filed or caused to be timely filed all federal and state, local and
other tax returns required by Applicable Law to be filed, and has paid, or made adequate
provision for the payment of, all federal and state, local and other taxes, assessments and
governmental charges or levies upon it and its property, income, profits and assets which
are due and payable, except (a) taxes that are being contested in good faith by appropriate
proceedings and for which such Credit Party or Subsidiary, as applicable, has set aside on
its books adequate reserves to the extent required by GAAP or (b) to the extent the failure
to do so could not reasonably be expected to have a Material Adverse Effect. No
Governmental Authority has asserted any material Lien or other claim against the Credit
Parties or any Subsidiary thereof with respect to unpaid taxes (except for taxes not yet
due) which has not been discharged or resolved.

     (g) Intellectual Property Matters. Each of the Credit Parties and its
Subsidiaries owns or possesses rights to use all franchises, licenses, copyrights,
copyright applications, patents, patent rights or licenses, patent applications,
trademarks, trademark rights, trade names, trade name rights, copyrights and rights with
respect to the foregoing which are required to conduct its business except where the
failure to do so could not reasonably be expected to have a Material Adverse Effect. No
event has occurred which, to the knowledge of the Credit Parties, permits, or after notice
or lapse of time or both would permit, the revocation or termination of any such rights,
and, to the knowledge of the Credit Parties, neither the Credit Parties nor any Subsidiary
thereof is liable to any Person for infringement under Applicable Law with respect to any
such rights as a result of its business operations, except as could not reasonably be
expected to have a Material Adverse Effect.

     (h) Environmental Matters. Except as could not reasonably be expected to have
a Material Adverse Effect:

     (i) The properties of the Credit Parties and their Subsidiaries do not
contain, and to their knowledge have not previously contained, any Hazardous
Materials in amounts or concentrations which (A) constitute or constituted a
violation of applicable Environmental Laws or (B) could give rise to liability
under applicable Environmental Laws;

     (ii) The properties of the Credit Parties and their Subsidiaries and all
operations conducted in connection therewith are in compliance, and have been in
compliance, with all applicable Environmental Laws, and there are no Hazardous
Materials at, under or about such properties or such operations in amounts or
concentrations which could reasonably be expected to interfere with the continued
operation of such properties;

     (iii) Neither any of the Credit Parties nor any Subsidiary thereof has
received any notice of violation, alleged violation, non-compliance, liability or
potential liability regarding environmental matters or compliance with
Environmental Laws, nor does any of the Credit Parties or any Subsidiary thereof

39

 

have knowledge or reason to believe that any such notice will be received or is
being threatened;

     (iv) To the knowledge of the Credit Parties, Hazardous Materials have not
been transported or disposed of from the properties of the Credit Parties or any
of their Subsidiaries in violation of, or in a manner or to a location which could
reasonably be expected to give rise to liability under, Environmental Laws, nor,
to the knowledge of the Credit Parties, have any Hazardous Materials been
generated, treated, stored or disposed of at, on or under any of such properties
in violation of, or in a manner which could reasonably be expected to give rise to
liability under, any Environmental Laws;

     (v) No judicial proceedings or governmental or administrative action is
pending, or, to the knowledge of the Credit Parties, threatened, under any
Environmental Law to which any of the Credit Parties or any Subsidiary thereof will
be named as a party, nor are there any consent decrees or other decrees, consent
orders, administrative orders or other orders, or other administrative or judicial
requirements outstanding under any Environmental Law with respect to the properties
or operations of the Credit Parties and their Subsidiaries; and

     (vi) To the knowledge of the Credit Parties, there has been no release, or to
the best of the Credit Parties’ knowledge, the threat of release, of Hazardous
Materials at or from the properties of the Credit Parties or any of their
Subsidiaries, in violation of or in amounts or in a manner that could reasonably
be expected to give rise to liability under Environmental Laws.

     (i) ERISA.

     (i) Each of the Credit Parties and each ERISA Affiliate is in compliance with all
applicable provisions of ERISA and the regulations and published interpretations
thereunder with respect to all Employee Benefit Plans except where any such non-compliance
could not reasonably be expected to have a Material Adverse Effect. Except for any failure
that would not reasonably be expected to have a Material Adverse Effect, each Employee
Benefit Plan that is intended to be qualified under Section 401(a) of the Code has been
determined by the Internal Revenue Service to be so qualified, and each trust related to
such plan has been determined to be exempt under Section 501(a) of the Code. No liability
that could reasonably be expected to result in a Material Adverse Effect has been incurred
by the Credit Parties or any ERISA Affiliate which remains unsatisfied for any taxes or
penalties with respect to any Employee Benefit Plan or any Multiemployer Plan;

     (ii) No accumulated funding deficiency (as defined in Section 412 of the Code) has
been incurred (without regard to any waiver granted under Section 412 of the Code), nor
has any funding waiver from the Internal Revenue Service been received or requested with
respect to any Pension Plan;

     (iii) Neither the Credit Parties nor any ERISA Affiliate has: (A) engaged in a
nonexempt prohibited transaction described in Section 406 of ERISA or Section 4975 of the
Code, (B) incurred any liability to the PBGC which remains outstanding other than the
payment of premiums and there are no premium payments which are due and unpaid, (C) failed
to make a required contribution or payment to a Multiemployer Plan, or (D)

40

 

failed to make a required installment or other required payment under Section 412 of the
Code except where any of the foregoing individually or in the aggregate could not
reasonably be expected to have a Material Adverse Effect;

     (iv) No Termination Event that could reasonably be expected to result in a
Material Adverse Effect has occurred or is reasonably expected to occur; and

     (v) No proceeding, claim, lawsuit and/or investigation is existing or, to the
knowledge of the Credit Parties, threatened concerning or involving any Employee Benefit
Plan that could reasonably be expected to result in a Material Adverse Effect.

     (j) Margin Stock. Neither the Credit Parties nor any Subsidiary thereof is
engaged principally or as one of its activities in the business of extending credit for
the purpose of “purchasing” or “carrying” any “margin stock” (as each such term is defined
or used in Regulation U of the Board of Governors of the Federal Reserve System). No part
of the proceeds of any of the Loans or Letters of Credit will be used for purchasing or
carrying margin stock, unless the Credit Parties shall have given the Administrative Agent
and Lenders prior notice of such event and such other information as is reasonably
necessary to permit the Administrative Agent and Lenders to comply, in a timely fashion,
with all reporting obligations required by Applicable Law, or for any purpose which
violates, or which would be inconsistent with, the provisions of Regulation T, U or X of
such Board of Governors.

     (k) Government Regulation. Neither the Credit Parties nor any Subsidiary
thereof is an “investment company” or a company “controlled” by an “investment company”
(as each such term is defined or used in the Investment Company Act of 1940, as amended).

     (l) Burdensome Provisions. Neither the Credit Parties nor any Subsidiary
thereof is a party to any indenture, agreement, lease or other instrument, or subject to
any corporate or partnership restriction, Governmental Approval or Applicable Law which is
so unusual or burdensome as in the foreseeable future could be reasonably expected to have
a Material Adverse Effect. The Credit Parties and their Subsidiaries do not presently
anticipate that future expenditures needed to meet the provisions of any statutes, orders,
rules or regulations of a Governmental Authority will be so burdensome as to have a
Material Adverse Effect.

     (m) Financial Statements. The (i) Consolidated balance sheets of Jones
Apparel Group and its Subsidiaries as of December 31, 2007, and the related statements of
income, stockholders’ equity and cash flows for the Fiscal Years then ended and (ii)
unaudited Consolidated balance sheet of Jones Apparel Group and its Subsidiaries as of
April 5, 2008, and related unaudited interim statements of income, stockholders’ equity
and cash flows, copies of which have been furnished to the Administrative Agent and each
Lender, are complete in all material respects and fairly present in all material respects
the assets, liabilities and financial position of Jones Apparel Group and its
Subsidiaries as at such dates, and the results of the operations and changes of financial
position for the periods then ended, subject to normal year end adjustments. All such
financial statements, including the related notes thereto, have been prepared in
accordance with GAAP.

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     (n) No Material Adverse Change. Since December 31, 2007, there has been no
Material Adverse Effect.

     (o) Liens. None of the properties and assets of the Credit Parties or any
Subsidiary thereof is subject to any Lien, except Liens permitted pursuant to Section
11.3.

     (p) Debt and Guaranty Obligations. Schedule 7.1(p) is a complete and correct
listing of all Debt and Guaranty Obligations of the Credit Parties and their Subsidiaries
as of the Amendment Date in excess of $5,000,000.

     (q) Litigation. Except for matters existing on the Amendment Date and set
forth on Schedule 7.1(q), there are no actions, suits or proceedings pending nor, to the
knowledge of the Credit Parties, threatened against or affecting the Credit Parties or any
Subsidiary thereof or any of their respective properties in any court or before any
arbitrator of any kind or before or by any Governmental Authority, which could reasonably
be expected to have a Material Adverse Effect or which relate to the enforceability of any
Loan Documents.

     (r) Absence of Defaults. To the knowledge of the Credit Parties, no event
has occurred and is continuing which constitutes a Default or an Event of Default.

     (s) Accuracy and Completeness of Information. The Credit Parties have
disclosed to the Lenders all agreements, instruments and corporate or other restrictions to
which they or any of their Subsidiaries are subject, and all other matters known to them,
that, individually or in the aggregate, could reasonably be expected to have a Material
Adverse Effect. The written information, taken as a whole, furnished by or on behalf of the
Credit Parties to the Administrative Agent or any Lender in connection with the negotiation
of this Agreement or delivered hereunder (as modified or supplemented by other information
so furnished) does not contain any material misstatement of fact or omit to state any
material fact necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading; provided that, with respect to projected
financial information, the Credit Parties represent only that such information was prepared
in good faith based upon assumptions believed to be reasonable at the time.

SECTION 7.2. Survival of Representations and Warranties, Etc. All representations and
warranties set forth in this Article VII and all representations and warranties contained in any
certificate delivered in connection with this Agreement, or any of the Loan Documents (including
but not limited to any such representation or warranty made in or in connection with any amendment
thereto) shall constitute representations and warranties made under this Agreement. All
representations and warranties made under this Agreement shall be made or deemed to be made at and
as of the Closing Date, shall survive the Closing Date and shall not be waived by the execution and
delivery of this Agreement, any investigation made by or on behalf of the Lenders or any borrowing
hereunder.

ARTICLE VIII FINANCIAL INFORMATION AND NOTICES

          Until all the Obligations (other than Obligations under Hedging Agreements) have been paid and
satisfied in full and the Revolving Credit Commitment and L/C Commitment have terminated, unless
consent has been obtained in the manner set forth in Section 14.11 hereof, the Credit Parties will
furnish or cause to be furnished to the Administrative Agent (which the

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Administrative Agent will promptly furnish to the Lenders at their respective addresses as set
forth on Schedule 1.1(a), or such other office as may be designated to the Administrative Agent
from time to time):

SECTION 8.1. Financial Statements and Projections. (a) Quarterly Financial
Statements. As soon as practicable and in any event within forty-five (45) days after the end
of the first three fiscal quarters of each Fiscal Year, an unaudited Consolidated balance sheet of
Jones Apparel Group and its Subsidiaries as of the close of such fiscal quarter and unaudited
Consolidated statements of income, stockholders’ equity and cash flows for the fiscal quarter then
ended and that portion of the Fiscal Year then ended, including the notes thereto, all in
reasonable detail setting forth in comparative form the corresponding figures for the
corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the
preceding Fiscal Year and prepared by Jones Apparel Group in accordance with GAAP and, if
applicable, containing disclosure of the effect on the financial position or results of operations
of any change in the application of accounting principles and practices during the period, and
certified by a Responsible Officer to present fairly in all material respects the financial
condition of Jones Apparel Group and its Subsidiaries as of their respective dates and the results
of operations of Jones Apparel Group and its Subsidiaries for the respective periods then ended,
subject to normal year end adjustments.

          (b) Annual Financial Statements. As soon as practicable and in any event within ninety
(90) days after the end of each Fiscal Year, an audited Consolidated balance sheet of Jones Apparel
Group and its Subsidiaries as of the close of such Fiscal Year and audited Consolidated statements
of income, stockholders’ equity and cash flows for the Fiscal Year then ended, including the notes
thereto, all in reasonable detail setting forth in comparative form the corresponding figures for
the preceding Fiscal Year and prepared by a nationally recognized independent certified public
accounting firm in accordance with GAAP and, if applicable, containing disclosure of the effect on
the financial position or results of operation of any change in the application of accounting
principles and practices during the year, and accompanied by a report thereon by such certified
public accountants that is not qualified with respect to scope limitations imposed by Jones Apparel
Group or any of its Subsidiaries or with respect to accounting principles followed by Jones Apparel
Group or any of its Subsidiaries not in accordance with GAAP.

SECTION 8.2. Officer’s Compliance Certificate. At each time financial statements are
delivered pursuant to Section 8.1(a) or (b) a certificate of a Responsible Officer in the form of
Exhibit F attached hereto (an “Officer’s Compliance Certificate”).

SECTION 8.3. Accountants’ Certificate. At each time financial statements are delivered
pursuant to Section 8.1(b), a certificate of the independent public accountants certifying
such financial statements addressed to the Administrative Agent for the benefit of the
Lenders:

     (a) stating that in making the examination necessary for the certification of such
financial statements, they obtained no knowledge of any Default or Event of Default or, if
such is not the case, specifying such Default or Event of Default and its nature and period
of existence; and

     (b) including the calculations prepared by such accountants required to establish
whether or not the Credit Parties and their Subsidiaries are in compliance with the
financial covenants set forth in Article X hereof as at the end of each respective period.

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SECTION 8.4. Other Reports. (a) Promptly but in any event within ten (10) Business Days
after the filing thereof, a copy of (i) each report or other filing made by the Credit Parties or
any or their Subsidiaries with the Securities and Exchange Commission and required by the
Securities and Exchange Commission to be delivered to the shareholders of the Credit Parties or any
or their Subsidiaries, (ii) each report made by the Credit Parties or any of their Subsidiaries to
the Securities and Exchange Commission on Form 8-K and (iii) each final registration statement of
the Credit Parties or any of their Subsidiaries filed with the Securities and Exchange Commission,
except in connection with pension plans and other employee benefit plans; and

          (b) Such other information regarding the operations, business affairs and financial
condition of the Credit Parties or any of their Subsidiaries as the Administrative Agent or any
Lender may reasonably request.

SECTION 8.5. Notice of Litigation and Other Matters. Prompt (but in no event later than
ten (10) Business Days after a principal officer of the Credit Parties obtains knowledge
thereof) telephonic (confirmed in writing) or written notice of:

     (a) the commencement of all proceedings and investigations by or before any
Governmental Authority and all actions and proceedings in any court or before any
arbitrator against or involving the Credit Parties or any Subsidiary thereof or any of
their respective properties, assets or businesses which in the reasonable judgment of the
Credit Parties could reasonably be expected to have a Material Adverse Effect;

     (b) any notice of any violation received by the Credit Parties or any Subsidiary
thereof from any Governmental Authority including, without limitation, any notice of
violation of Environmental Laws, which in the reasonable judgment of the Credit Parties in
any such case could reasonably be expected to have a Material Adverse Effect;

     (c) any Default or Event of Default; and

     (d) (i) any unfavorable determination letter from the Internal Revenue Service
regarding the qualification of an Employee Benefit Plan under Section 401(a) of the Code
(along with a copy thereof) which could reasonably be expected to have a Material Adverse
Effect, (ii) all notices received by the Credit Parties or any ERISA Affiliate of the
PBGC’s intent to terminate any Pension Plan or to have a trustee appointed to administer
any Pension Plan, (iii) all notices received by the Credit Parties or any ERISA Affiliate
from a Multiemployer Plan sponsor concerning the imposition or amount of withdrawal
liability pursuant to Section 4202 of ERISA which could reasonably have a Material Adverse
Effect and (iv) the Credit Parties obtaining knowledge or reason to know that the Credit
Parties or any ERISA Affiliate has filed or intends to file a notice of intent to terminate
any Pension Plan under a distress termination within the meaning of Section 4041(c) of
ERISA.

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SECTION 8.6. Accuracy of Information. All written information, reports, statements and
other papers and data furnished by or on behalf of the Credit Parties to the Administrative Agent
or any Lender (other than financial forecasts) whether pursuant to this Article VIII or any other
provision of this Agreement, shall be, at the time the same is so furnished, true and complete in
all material respects.

ARTICLE IX AFFIRMATIVE COVENANTS

          Until all of the Obligations (other than any Obligations under any Hedging Agreement) have
been paid and satisfied in full and the Revolving Credit Commitment and L/C Commitment have
terminated, unless consent has been obtained in the manner provided for in Section 14.11, the
Credit Parties will, and will cause each of their Subsidiaries to:

45

 

SECTION 9.1. Preservation of Corporate Existence and Related Matters. Except as permitted
by Section 11.5, preserve and maintain its separate corporate existence and all rights, franchises,
licenses and privileges necessary to the conduct of its business, and qualify and remain qualified
as a foreign corporation and authorized to do business in each jurisdiction where the nature and
scope of its activities require it to so qualify under Applicable Law in which the failure to so
qualify would have a Material Adverse Effect.

SECTION 9.2. Maintenance of Property. Protect and preserve all properties useful in and
material to its business, including copyrights, patents, trade names and trademarks; maintain in
good working order and condition all buildings, equipment and other tangible real and personal
property material to the conduct of its business, ordinary wear and tear excepted; and from time
to time make or cause to be made all renewals, replacements and additions to such property
necessary for the conduct of its business, so that the business carried on in connection
therewith may be properly and advantageously conducted at all times.

SECTION 9.3. Insurance. Maintain insurance with financially sound and reputable
insurance companies against such risks and in such amounts as are customarily maintained by
similar businesses and as may be required by Applicable Law including, without limitation,
hazard and business interruption coverage.

SECTION 9.4. Accounting Methods and Financial Records. Maintain a system of accounting,
and keep such books, records and accounts (which shall be true and complete in all material
respects) as may be required or as may be necessary to permit the preparation of financial
statements in accordance with GAAP and in compliance with the regulations of any Governmental
Authority having jurisdiction over it or any of its properties.

SECTION 9.5. Payment and Performance of Obligations. Pay and perform all Obligations under
this Agreement and the other Loan Documents, and pay (a) all material taxes, assessments and other
governmental charges that may be levied or assessed upon it or any of its property, and (b) subject
to the thresholds and other limitations set forth in Section 12.1(f) or Section 12.1(g), all other
material indebtedness, obligations and liabilities in accordance with customary trade practices;
provided, that the Credit Parties or such Subsidiary may contest any item described in clause (a)
or (b) of this Section 9.5 in good faith so long as adequate reserves are maintained with respect
thereto to the extent required by GAAP. It is expected that all payments in respect of the
Obligations, the Existing Debt Securities and the Additional Debt Securities will be made by the
Borrower.

SECTION 9.6. Compliance With Laws and Approvals. Observe and remain in compliance with all
Applicable Laws and maintain in full force and effect all Governmental Approvals, in each case
applicable to the conduct of its business except where the failure to observe or comply could not
reasonably be expected to have a Material Adverse Effect.

SECTION 9.7. Environmental Laws. In addition to and without limiting the generality of
Section 9.6, (a) comply with, and use best efforts to ensure such compliance by all tenants and
subtenants, with all applicable Environmental Laws and obtain and comply with and maintain, and
use its best efforts to ensure that all tenants and subtenants obtain and comply with and
maintain, any and all licenses, approvals, notifications, registrations or permits required by
applicable Environmental Laws except where the failure to comply could not reasonably have a
Material Adverse Effect, (b) conduct and complete all investigations, studies, sampling and
testing, and all remedial, removal and other actions required under Environmental Laws, and
promptly comply with all lawful orders and directives of any Governmental Authority regarding

46

 

Environmental Laws except (i) where the failure to do so could not reasonably be expected to have a
Material Adverse Effect or (ii) to the extent the Credit Parties or any of their Subsidiaries are
contesting, in good faith, any such requirement, order or directive before the appropriate
Governmental Authority so long as adequate reserves are maintained with respect thereto to the
extent required by GAAP, and (c) defend, indemnify and hold harmless the Administrative Agent and
the Lenders, and their respective parents, Subsidiaries, Affiliates, employees, agents, officers
and directors, from and against any claims, demands, penalties, fines, liabilities, settlements,
damages, costs and expenses of whatever kind or nature known or unknown, contingent or otherwise,
arising out of, or in any way relating to the violation of, noncompliance with or liability under
any Environmental Laws applicable to the operations of the Credit Parties or such Subsidiaries, or
any orders, requirements or demands of Governmental Authorities related thereto, including, without
limitation, reasonable attorney’s and consultant’s fees, investigation and laboratory fees,
response costs, court costs and litigation expenses, except to the extent that any of the foregoing
directly result from the gross negligence or willful misconduct of the party seeking
indemnification therefor.

SECTION 9.8. Compliance with ERISA. In addition to and without limiting the generality of
Section 9.6, (a) comply with all applicable provisions of ERISA and the Code and the regulations
and published interpretations thereunder with respect to all Employee Benefit Plans, except where
the failure to comply could not reasonably be expected to have a Material Adverse Effect, (b) not
take any action or fail to take action the result of which would result in a liability to the PBGC
or to a Multiemployer Plan in an amount that could reasonably be expected to have a Material
Adverse Effect, and (c) furnish to the Administrative Agent upon the Administrative Agent’s request
such additional information about any Employee Benefit Plan concerning compliance with this
covenant as may be reasonably requested by the Administrative Agent.

SECTION 9.9. Conduct of Business. Engage only in businesses in substantially the same
fields as the businesses conducted on the Closing Date (including, without limitation, the
apparel, footwear, handbags, accessories, jewelry, denim and cosmetics or other women’s
accoutrements industries generally) and in lines of business reasonably related thereto
(collectively, “Permitted Lines of Business”), or as otherwise permitted pursuant to the
terms of this Agreement.

SECTION 9.10. Visits and Inspections. Permit representatives of the Administrative Agent
or any Lender, from time to time upon reasonable prior notice to visit and inspect its
properties; inspect and make extracts from its books, records and files, including, but not
limited to, management letters prepared by independent accountants; and discuss with its
principal officers, and its independent accountants, its business, assets, liabilities, financial
condition, results of operations and business prospects.

SECTION 9.11. Use of Proceeds. The Credit Parties shall use the proceeds of the Loans and
the Letters of Credit to (a) refinance certain existing Debt, (b) for working capital and general
corporate purposes of the Credit Parties and their Subsidiaries, including acquisitions and stock
repurchases, and (c) the payment of certain fees and expenses incurred in connection with the
transactions contemplated hereby or thereby.

ARTICLE X FINANCIAL COVENANTS

          Until all of the Obligations (other than any Obligations under any Hedging Agreement) have
been paid and satisfied in full and the Revolving Credit Commitment and L/C Commitment have
terminated, unless consent has been obtained in the manner set forth in Section 14.11 hereof, the
Credit Parties and their Subsidiaries on a Consolidated basis will not:

47

 

SECTION 10.1. Interest Coverage Ratio. As of the last day of each fiscal quarter listed
below, permit the Interest Coverage Ratio for the period of four (4) consecutive fiscal quarters
ending on such date, to be less than the ratio set forth opposite such date:

	 	 	 
	Fiscal Quarter Ended	 	Ratio
	July 5, 2008
	 	1.80 to 1.00
	October 4, 2008
	 	1.85 to 1.00
	December 31, 2008
	 	2.00 to 1.00
	April 4, 2009
	 	2.15 to 1.00
	July 4, 2009
	 	2.25 to 1.00
	October 3, 2009
	 	2.25 to 1.00
	December 31, 2009
	 	2.25 to 1.00
	April 3, 2010
	 	2.50 to 1.00

SECTION 10.2. Covenant Debt to EBITDA Ratio. As of the last day of each fiscal quarter
listed below, permit the Covenant Debt to EBITDA Ratio to be more than the ratio set forth opposite
such date:

	 	 	 
	Fiscal Quarter Ended	 	Ratio
	July 5, 2008
	 	4.15 to 1.00
	October 4, 2008
	 	4.00 to 1.00
	December 31, 2008
	 	3.50 to 1.00
	April 4, 2009
	 	3.25 to 1.00
	July 4, 2009 and thereafter
	 	3.00 to 1.00

SECTION 10.3. Asset Coverage Ratio. As of the end of each fiscal quarter, permit the
Asset Coverage Ratio to be less than 1.75.

ARTICLE XI NEGATIVE COVENANTS

          Until all of the Obligations (other than any Obligations under any Hedging Agreement) have
been paid and satisfied in full and the Revolving Credit Commitment has expired or been
terminated, unless consent has been obtained in the manner set forth in Section 14.11 hereof,
the Credit Parties will not and will not permit any of their Subsidiaries to:

SECTION 11.1. Limitations on Debt and Guaranty Obligations. Create, incur, assume or
suffer to exist any Debt, including Guaranty Obligations, except:

     (a) the Obligations of the Credit Parties;

     (b) the 2004 Credit Agreement Obligations;

     (c) Debt existing on the Amendment Date (other than the 2004 Credit
Agreement Obligations), including the Debt as set forth on Schedule 7.1(p);

     (d) Debt of the Credit Parties and their Subsidiaries, not otherwise permitted under
this Section 11.1, incurred in connection with (i) Capitalized Leases, (ii) purchase money
Debt and (iii) Debt of a Subsidiary incurred and outstanding on or prior to the date on
which such Subsidiary was acquired by any Credit Party or otherwise became a Subsidiary of
such Credit Party, or Debt assumed by a Credit Party or a Subsidiary

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thereof in connection with an asset acquisition which Debt was outstanding prior to the
date of such asset acquisition (in each case, other than Debt incurred as consideration
in, or to provide all or any portion of the funds or credit support utilized to
consummate, the transaction or series of transactions pursuant to which such Subsidiary
became a Subsidiary of such Credit Party or was otherwise acquired by such Credit Party or
pursuant to which such assets were acquired);

     (e) additional Debt of the Credit Parties, not otherwise permitted under this Section
11.1, in an aggregate outstanding amount not to exceed $250,000,000 (or the equivalent
Dollar Amount for borrowings denominated in currencies other than Dollars) on any date of
determination so long as no Default or Event of Default exists on the date any such
additional Debt is created or arises as a result of any borrowing thereunder;

     (f) additional Debt of Subsidiaries of the Credit Parties (that are not themselves
Credit Parties) not otherwise permitted under this Section 11.1, in an aggregate
outstanding amount not to exceed $50,000,000 (or the equivalent Dollar Amount for
borrowings denominated in currencies other than Dollars) on any date of determination;

     (g) Debt of the Credit Parties to any Subsidiary or any other Credit Party and of
any Subsidiary to the Credit Parties or any other Subsidiary; and

     (h) Debt incurred in respect of the extension, renewal, refinancing (including
defeasance), replacement or refunding (collectively, the “refinancing”) of Debt
incurred pursuant to clause (a), (b), (c) or (e); provided, that (i) such Debt is an
aggregate principal amount (or if incurred with original issue discount, an aggregate issue
price) not in excess of the sum of (x) the aggregate principal amount (or if incurred with
original issue discount, the aggregate accreted value) then outstanding of the Debt being
refinanced and (y) an amount necessary to pay any fees and expenses, including premiums and
defeasance costs, related to such refinancing, (ii) the average life of such Debt is equal
to or greater than the average life of the Debt being refinanced, (iii) the stated maturity
of such Debt is no earlier than the stated maturity of the Debt being refinanced; and (iv)
the new Debt shall not be senior in right of payment to the Debt that is being refinanced;
provided, that none of the Debt permitted to be incurred by this Section shall
expressly restrict, limit or otherwise encumber (unless such restriction, limitation or
other encumbrance is a Permitted Encumbrance (as defined below)), the ability of any
Subsidiary of the Credit Parties to make any payment to the Credit Parties or any of their
Subsidiaries (in the form of dividends, intercompany advances or otherwise) for the purpose
of enabling the Credit Parties to pay the Obligations. For purposes of this Section 11.1,
with regard to any Debt, a “Permitted Encumbrance” shall mean any restriction,
limitation or other encumbrance that applies solely if a default or event of default (other
than a default resulting solely from the breach of a representation or warranty) occurs and
is continuing under such Debt; provided further that, with respect to any
default or event of default (other than a payment default, including as a result of
acceleration, or a bankruptcy event with respect to the obligor of such Debt), such
encumbrance or restriction may not prohibit dividends to the Credit Parties or any
Subsidiary thereof to pay the Obligations for more than one hundred eighty (180) days in
any consecutive three hundred sixty (360) day period.

SECTION 11.2. [Reserved].

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SECTION 11.3. Limitations on Liens. Create, incur, assume or suffer to exist, any Lien on
or with respect to any of its assets or properties (including without limitation shares of capital
stock or other ownership interests), real or personal, whether now owned or hereafter acquired,
except:

     (a) Liens for taxes, assessments and other governmental charges or levies
(excluding any Lien imposed pursuant to any of the provisions of ERISA or
Environmental Laws) not yet due or as to which the period of grace, if any, related
thereto has not expired or which are being contested in good faith and by appropriate
proceedings if adequate reserves are maintained to the extent required by GAAP;

     (b) the claims of materialmen, mechanics, carriers, warehousemen, processors or
landlords for labor, materials, supplies or rentals incurred in the ordinary course of
business, (i) which are not overdue for a period of more than thirty (30) days or (ii)
which are being contested in good faith and by appropriate proceedings;

     (c) Liens consisting of deposits or pledges made in the ordinary course of
business in connection with, or to secure payment of, obligations under workers’
compensation, unemployment insurance or similar legislation or obligations under
customer service contracts;

     (d) Liens constituting encumbrances in the nature of zoning restrictions, easements
and rights or restrictions of record on the use of real property, which do not, in any
case, materially detract from the value of such property or materially impair the use
thereof in the ordinary conduct of business;

     (e) Liens of the Administrative Agent for the benefit of the Administrative
Agent and the Lenders;

     (f) Liens incurred in the ordinary course of business not to exceed $25,000,000 in
the aggregate outstanding in addition to Liens existing on the Amendment Date;

     (g) Liens existing on any property or asset prior to the acquisition thereof by the
Credit Parties or any Subsidiary or existing on any property or asset of any Person that
becomes a Subsidiary or is merged with or into the Credit Parties or any Subsidiary after
the Amendment Date prior to the time such Person becomes a Subsidiary or is so merged;

     (h) Liens in existence on the Amendment Date and described on Schedule 11.3;

     (i) Liens securing Debt incurred in connection with Capitalized Leases and purchase
money Debt permitted under Section 11.1(e); provided that (i) such Liens shall be created
substantially simultaneously with the acquisition of the related asset, (ii) such Liens do
not at any time encumber any property other than the property financed by such Debt, (iii)
the amount of Debt secured thereby is not increased and (iv) the principal amount of Debt
secured by any such Lien shall at no time exceed one hundred percent (100%) of the
original purchase price of such property at the time it was acquired;

     (j) Liens incurred to secure appeal bonds and judgment and attachment Liens in
respect of judgments or orders that do not constitute an Event of Default under Section
12.1(m);

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     (k) Liens arising solely by virtue of any statutory or common law provision relating
to banker’s liens, rights of setoff or similar rights and remedies, in each case as to
deposit accounts or other funds maintained with a creditor depository institution;

     (l) deposits to secure the performance of bids, trade contracts, leases, statutory
obligations, surety and appeal bonds, performance bonds and other obligations of a like
nature, in each case in the ordinary course of business;

     (m) Liens arising in the ordinary course of business that do not secure monetary
obligations;

     (n) Liens arising by the terms of letters of credit entered into in the ordinary
course of business to secure reimbursement obligations thereunder;

     (o) Liens securing Debt or other obligations between the Credit Parties and a
Subsidiary or between Subsidiaries or Credit Parties;

     (p) Liens granted to any bank or other institution securing the payments to be made
to such bank or other institution by the Credit Parties or a Subsidiary of the Credit
Parties pursuant to any Hedging Agreement; provided that, such agreements are entered
into in, or are incidental to, the ordinary course of business; and

     (q) The refinancing of any Lien referred to in clause (g), (h), (i) or (p) provided,
that the principal amount of Debt (or, if incurred with original issue discount, an
aggregate issue price) secured thereby and not otherwise authorized by clause (g), (h),
(i) or (p) shall not exceed the principal amount of Debt (or if incurred without original
issue discount, the aggregate accreted value) plus any fees and expenses, including
premiums and defeasance costs, payable in connection with any such extension, renewal,
replacement or refunding, so secured at the time of such extension, renewal, replacement
or refunding.

SECTION 11.4. Limitations on Loans, Advances, Investments and Acquisitions. Purchase, own,
invest in or otherwise acquire, directly or indirectly, any capital stock (other than capital stock
of the Credit Parties), interests in any partnership, limited liability company or joint venture
(including without limitation the creation or capitalization of any Subsidiary), evidence of Debt
or other obligation or security, substantially all or a portion of the business or assets of any
other Person or any other investment or interest whatsoever in any other Person, or make or permit
to exist, directly or indirectly, any loans, advances or extensions of credit to, or any investment
in cash or by delivery of property in, any Person, or enter into, directly or indirectly, any
commitment or option in respect of the foregoing (collectively, “Investments”) except:

     (a) Investments in Subsidiaries existing on the Amendment Date and the other
existing loans, advances and Investments described on Schedule 11.4;

     (b) Investments made in accordance with the Permitted Investment Policy;

     (c) Investments by the Credit Parties or any Subsidiary, including Investments in the
form of acquisitions, including acquisitions of all or substantially all of the business or
a line of business (whether by the acquisition of capital stock, assets or any combination
thereof) of any other Person, so long as (i) a Responsible Officer certifies to the
Administrative Agent and the Required Lenders that no Default or Event of Default

51

 

has occurred and is continuing or would result from the closing of such acquisition or the
consummation of such Investment, such certification to include, for any acquisition
involving a purchase price in excess of $50,000,000, either individually or in a series of
related transactions, a financial condition certificate to which is attached a pro forma
balance sheet of Jones Apparel Group and its Subsidiaries setting forth on a pro forma
basis the financial condition of Jones Apparel Group and its Subsidiaries on a
Consolidated basis as of the most recently ended Fiscal Year, reflecting on a pro forma
basis the effect of the transactions contemplated by such acquisition, including all fees
and expenses in connection therewith, and evidencing compliance on a pro forma basis with
the covenants contained in Article X hereof, and (ii) the price for such Investment,
together with all other Investments made in accordance with this clause (c) after the
Amendment Date, does not exceed $75,000,000 in the aggregate;

     (d) Investments set forth on Schedule 11.4 (other than Investments in
Subsidiaries) in an amount not to exceed $30,000,000;

     (e) loans and advances to third party contractors in the ordinary course of
business and consistent with past practice not to exceed in an aggregate outstanding
amount $6,000,000 (excluding such loans and advances consisting of prepayments or
advances for inventory or services); and loans and advances to employees of the Credit
Parties and their Subsidiaries in an aggregate outstanding amount not to exceed
$4,000,000; and

     (f) intercompany loans and advances among the Credit Parties and their
Subsidiaries so long as permitted under the terms of Sections 11.1 and 11.3.

SECTION 11.5. Limitations on Mergers and Liquidation. Merge, consolidate or enter into
any similar combination with any other Person or liquidate, wind-up or dissolve itself (or suffer
any liquidation or dissolution) except so long as no Default or Event of Default has occurred and
is continuing, or would result therefrom:

     (a) any Credit Party may merge or consolidate with or into any Person; provided that
(i) such Credit Party shall be the survivor of such merger or consolidation or (ii) the
survivor assumes and succeeds to the Obligations of such Credit Party pursuant to an
assumption agreement in form reasonably satisfactory to the Administrative Agent and the
Required Lenders;

     (b) any Wholly-Owned Subsidiary of the Credit Parties may merge or consolidate
with or into any other Wholly-Owned Subsidiary of the Credit Parties;

     (c) any Wholly-Owned Subsidiary may merge or consolidate with or into the Person
such Wholly-Owned Subsidiary was formed to acquire in connection with an acquisition
permitted by Section 11.4(b), (c) or (d);

     (d) any Wholly-Owned Subsidiary of the Credit Parties may merge or consolidate with
or into any Credit Party; provided that, such Credit Party is the survivor of such merger
or consolidation; and

     (e) any Credit Party may merge or consolidate with or into any other Credit
Party.

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SECTION 11.6. Limitations on Sale or Transfer of Assets. Convey, sell, lease, assign,
transfer or otherwise dispose of any of its property, business or assets, whether now owned or
hereafter acquired (collectively, “sale”), except for the following:

     (a) the sale of inventory or the factoring of accounts receivable in the ordinary
course of business;

     (b) the sale of obsolete assets no longer used or usable in the business of the
Credit Parties or any of their Subsidiaries;

     (c) the sale or discount without recourse of accounts receivable arising in the
ordinary course of business in connection with the compromise or collection thereof;

     (d) the sale of assets between the Credit Parties and any Subsidiary or between
Subsidiaries or Credit Parties;

     (e) the sale of any other assets of the Credit Parties and their Subsidiaries outside
the ordinary course of business so long as the total fair market value for all such sales
on and after the Amendment Date on an aggregate basis does not at any time exceed ten
percent (10%) of Consolidated Net Worth determined as of April 5, 2008; and

     (f) the sale of assets purchased in accordance with the Permitted Investment
Policy as in effect on the Amendment Date.

SECTION 11.7. Limitations on Dividends and Distributions. Declare or pay any dividends upon
any of its capital stock; purchase, redeem, retire or otherwise acquire, directly or indirectly,
any shares of its capital stock, or make any distribution of cash, property or assets among the
holders of shares of its capital stock, or make any change in its capital structure that could
reasonably be expected to have a Material Adverse Effect; provided that: (a) the Credit Parties may
pay dividends solely in shares of their own capital stock or other ownership interest (including
dividends consisting of rights to purchase such capital stock or other ownership interest), (b) any
Subsidiary may pay dividends or make distributions to the Credit Parties or any Wholly-Owned
Subsidiary of the Credit Parties, (c) any Credit Party may pay dividends or make distributions to
any other Credit Party and (d) as long as no Default or Event of Default has occurred and is
continuing or would be created thereby (i) the Credit Parties may declare and pay dividends on
shares of their capital stock or other ownership interests consistent with past practice
established prior to the Amendment Date, (ii) the Credit Parties or any Subsidiary may redeem
shares of their capital stock or other ownership interest pursuant to a plan approved by the Board
of Directors of the Credit Parties or such Subsidiary, as applicable (A) to the extent required by
contracts entered into prior to the Amendment Date, (B) that reduce dilution of share ownership,
(C) additional share repurchases in an amount not to exceed $75,000,000 after the Amendment Date,
and (iii) the Credit Parties may pay dividends or make additional share repurchases in an amount
not to exceed 25% of cumulative Net Income after December 31, 2007.

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SECTION 11.8. Transactions with Affiliates. Directly or indirectly enter into, or be a
party to, any transaction with any of its Affiliates, except (i) on terms that are no less
favorable to it than it would obtain in a comparable arm’s length transaction with a Person not
its Affiliate, (ii) without limiting any other provision of this Agreement, in connection with any
acquisition otherwise permitted pursuant to the terms of this Agreement or (iii) for transactions
between Credit Parties or between Credit Parties and Subsidiaries of Credit Parties.

SECTION 11.9. Changes in Fiscal Year End. Change its Fiscal Year.

SECTION 11.10. Amendments; Payments and Prepayments of Material Debt and Subordinated
Debt. Upon the occurrence and continuation of a Default or an Event of Default, amend or
modify (or permit the modification or amendment of) in any manner materially adverse to the
Lenders any of the terms or provisions of any Debt in excess of $25,000,000, including without
limitation the Additional Debt Securities, if any, or any Subordinated Debt, or cancel or forgive, make any voluntary or
optional payment or prepayment on, or redeem or acquire for value (including, without limitation,
by way of depositing with any trustee with respect thereto money or securities before due for the
purpose of paying when due) any Subordinated Debt.

ARTICLE XII DEFAULT AND REMEDIES

SECTION 12.1. Events of Default. Each of the following shall constitute an Event of
Default, whatever the reason for such event and whether it shall be voluntary or involuntary or be
effected by operation of law or pursuant to any judgment or order of any court or any order, rule
or regulation of any Governmental Authority or otherwise:

     (a) Default in Payment of Principal of Loans and Reimbursement Obligations.
The Borrower shall default in any payment of principal of any Loan or Reimbursement
Obligation when and as due (whether at maturity, by reason of acceleration or otherwise).

     (b) Other Payment Default. The Borrower shall default in the payment when and
as due (whether at maturity, by reason of acceleration or otherwise) of interest on any
Loan or Reimbursement Obligation or the payment of any other Obligation (other than any
Obligation under any Hedging Agreement), and such default shall continue unremedied for
three (3) Business Days.

     (c) Misrepresentation. Any representation or warranty made or deemed to be
made by the Credit Parties or any of their Subsidiaries, if applicable, under this
Agreement, any Loan Document or any amendment hereto or thereto, shall at any time prove
to have been incorrect or misleading in any material respect when made or deemed made.

     (d) Default in Performance of Certain Covenants. Any of the Credit Parties
shall default in the performance or observance of any covenant or agreement contained in
Article X or XI of this Agreement.

     (e) Default in Performance of Other Covenants and Conditions. Any of the
Credit Parties or any Subsidiary thereof, if applicable, shall default in the performance
or observance of any term, covenant, condition or agreement contained in this Agreement
(other than as specifically provided for otherwise in this Section 12.1) or any other Loan
Document and such default shall continue for a period of thirty (30) days after written
notice thereof has been given to the Borrower by the Administrative Agent.

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     (f) Hedging Agreement. Any termination payments in an amount greater than
$50,000,000 shall be due by any Credit Party under any Hedging Agreement and such amount
is not paid within thirty (30) Business Days of the due date thereof.

     (g) Debt Cross-Default. Any of the Credit Parties or any of their Subsidiaries
shall (i) default in the payment of principal or interest on any Debt (other than the Loans
or any Reimbursement Obligation) the aggregate outstanding amount of which Debt is in
excess of $50,000,000, including, without limitation, the obligations under the 2004 Credit
Agreement, beyond the period of grace if any, provided in the instrument or agreement under
which such Debt was created, or (ii) default in the observance or performance of any other
agreement or condition relating to any Debt (other than the Loans or any Reimbursement
Obligation), including, without limitation, the obligations under the 2004 Credit Agreement
and any other documents executed in connection therewith, the aggregate outstanding amount
of which Debt is in excess of $50,000,000 or contained in any instrument or agreement
evidencing, securing or relating thereto or any other event shall occur or condition exist,
the effect of which default or other event or condition is to cause, or to permit the
holder or holders of such Debt (or a trustee or agent on behalf of such holder or holders)
to cause, with the giving of notice if required, any such Debt to become due prior to its
stated maturity (any applicable grace period having expired).

     (h) Change in Control. Any person or group of persons (within the meaning of
Section 13(d) of the Securities Exchange Act of 1934, as amended), other than a Credit
Party or any Subsidiary thereof, shall obtain ownership or control in one or more series of
transactions of more than thirty-three and one-third percent (33.33%) of the common stock
or thirty-three and one-third percent (33.33%) of the voting power of any Credit Party
entitled to vote in the election of members of the Board of Directors of such Credit Party
or there shall have occurred under any indenture or other instrument evidencing any debt in
excess of $50,000,000 any “change in control” (as defined in such indenture or
other evidence of debt) obligating the Borrower to repurchase, redeem or repay all or any
part of the debt or capital stock provided for therein (any such event, a “Change in
Control”). Further, except as set forth in Section 11.5, Jones Apparel Group shall at
all times own 100% of the capital stock of Jones Apparel Group Holdings and Jones Apparel
Group Holdings shall at all times own 100% of the capital stock of the Borrower.

     (i) Voluntary Bankruptcy Proceeding. Any Credit Party or any Subsidiary
thereof shall (i) commence a voluntary case under the federal bankruptcy laws (as now or
hereafter in effect), (ii) file a petition seeking to take advantage of any other laws,
domestic or foreign, relating to bankruptcy, insolvency, reorganization, winding up or
composition for adjustment of debts, (iii) consent to or fail to contest in a timely and
appropriate manner any petition filed against it in an involuntary case under such
bankruptcy laws or other laws, (iv) apply for or consent to, or fail to contest in a
timely and appropriate manner, the appointment of, or the taking of possession by, a
receiver, custodian, trustee, or liquidator of itself or of a substantial part of its
property, domestic or foreign, (v) admit in writing its inability to pay its debts as they
become due, (vi) make a general assignment for the benefit of creditors, or (vii) take any
corporate action for the purpose of authorizing any of the foregoing.

     (j) Involuntary Bankruptcy Proceeding. A case or other proceeding shall be
commenced against any Credit Party or any Subsidiary thereof in any court of competent
jurisdiction seeking (i) relief under the federal bankruptcy laws (as now or hereafter in

55

 

effect) or under any other laws, domestic or foreign, relating to bankruptcy, insolvency,
reorganization, winding up or adjustment of debts, or (ii) the appointment of a trustee,
receiver, custodian, liquidator or the like for any Credit Party or any Subsidiary thereof
or for all or any substantial part of their respective assets, domestic or foreign, and
such case or proceeding shall continue without dismissal or stay for a period of sixty (60)
consecutive days, or an order granting the relief requested in such case or proceeding
(including, but not limited to, an order for relief under such federal bankruptcy laws)
shall be entered.

     (k) [Reserved]

     (l) Termination Event. The occurrence of any of the following events: (i) the
Borrower or any ERISA Affiliate fails to make full payment to an Employee Benefit Plan when
due (after giving effect to any applicable grace period) of contributions in excess of
$2,000,000, (ii) an accumulated funding deficiency in excess of $2,000,000 occurs or
exists, whether or not waived, with respect to any Pension Plan or (iii) a Termination
Event that could reasonably be expected to result in liability in excess of $5,000,000 to
the Borrower or any ERISA Affiliate.

     (m) Judgment. A judgment or order for the payment of money which causes the
aggregate amount of all such judgments to exceed $50,000,000 in any Fiscal Year shall be
entered against any Credit Party or any Subsidiary thereof by any court and such judgment
or order shall continue without discharge or stay for a period of thirty (30) days.

SECTION 12.2. Remedies. Upon the occurrence of an Event of Default, with the consent of
the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders,
the Administrative Agent shall, by notice to the Credit Parties:

     (a) Acceleration; Termination of Facilities. Declare the principal of and
interest on the Loans, the Reimbursement Obligations at the time outstanding, and all other
amounts owed to the Lenders and to the Administrative Agent under this Agreement or any of
the other Loan Documents (other than any Hedging Agreement) (including, without limitation,
all L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of
Credit shall have presented the documents required thereunder) and all other Obligations
(other than Obligations owing under any Hedging Agreement), to be forthwith due and
payable, whereupon the same shall immediately become due and payable without presentment,
demand, protest or other notice of any kind, all of which are expressly waived, anything in
this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate
the Credit Facility and any right of the Borrower to request borrowings or Letters of
Credit thereunder; provided, that upon the occurrence of an Event of Default specified in
Section 12.1(i) or (j) with respect to the Credit Parties, the Credit Facility shall be
automatically terminated and all Obligations (other than obligations owing under any
Hedging Agreement) shall automatically become due and payable.

     (b) Letters of Credit. With respect to all Letters of Credit with respect to
which presentment for honor shall not have occurred at the time of an acceleration pursuant
to the preceding paragraph, require the Borrower at such time to deposit or cause to be
deposited in a cash collateral account opened by the Administrative Agent an amount equal
to the Dollar Amount of the aggregate then undrawn and unexpired amount of such

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Letters of Credit. Amounts held in such cash collateral account shall be applied by the
Administrative Agent to the payment of drafts drawn under such Letters of Credit, and the
unused portion thereof after all such Letters of Credit shall have expired or been fully
drawn upon, if any, shall be applied to repay the other Obligations. After all such
Letters of Credit shall have expired or been fully drawn upon, the Reimbursement
Obligation shall have been satisfied and all other Obligations shall have been paid in
full, the balance, if any, in such cash collateral account shall be promptly returned to
the Borrower.

     (c) Rights of Collection. Exercise on behalf of the Lenders all of its other
rights and remedies under this Agreement, the other Loan Documents and Applicable Law, in
order to satisfy all of the Obligations.

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SECTION 12.3. Rights and Remedies Cumulative; Non-Waiver; Etc. The enumeration of the rights and remedies of the Administrative Agent and the Lenders set forth in this Agreement is
not intended to be exhaustive and the exercise by the Administrative Agent and the Lenders of any right or remedy shall not preclude the exercise of any other rights or remedies, all of which shall be cumulative, and shall be in addition to any
other right or remedy given hereunder or under the Loan Documents or that may now or hereafter exist in law or in equity or
by suit or otherwise. No delay or failure to take action on the part of the Administrative Agent or any Lender in
exercising any right, power or privilege shall operate as a waiver thereof, nor shall any single or partial exercise of any such right,
power or privilege preclude other or further exercise thereof or the exercise of any other right, power or privilege or
shall be construed to be a waiver of any Event of Default. No course of dealing between the Credit Parties, the Administrative Agent and the Lenders or their respective agents or employees shall be effective to change, modify or discharge
any provision of this Agreement or any of the other Loan Documents or to constitute a waiver of any Event of Default.

ARTICLE XIII THE ADMINISTRATIVE AGENT

SECTION 13.1. Appointment. Each of the Lenders hereby irrevocably
designates and appoints Wachovia as Administrative Agent of such Lender under this Agreement and the other Loan Documents for the term
hereof and each such Lender irrevocably authorizes Wachovia as Administrative Agent for such Lender, to take such action on its behalf
under the provisions of this Agreement and the other Loan Documents and to exercise such powers and perform such duties as are expressly
delegated to the Administrative Agent by the terms of this Agreement and such other Loan Documents, together with such other powers as are
reasonably incidental thereto. Notwithstanding any provision to the contrary elsewhere in this Agreement or such other Loan Documents, the
Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein and therein, or any fiduciary
relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or the other Loan Documents or otherwise exist against the Administrative Agent. Any reference
to the Administrative Agent in this Article XIII shall be deemed to refer to the Administrative Agent solely in its capacity as Administrative Agent and not in its capacity as a Lender.

SECTION 13.2. Delegation of Duties. The Administrative Agent may execute any of its respective duties under this Agreement and the other Loan Documents by or through agents or
attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. The Administrative Agent shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by the
Administrative Agent with
 reasonable care.

SECTION 13.3. Exculpatory Provisions. Neither the Administrative Agent nor any of its officers, directors, employees, agents, attorneys-in-fact, Subsidiaries or Affiliates shall be
(a) liable for any action lawfully taken or omitted to be taken by it or such Person under or in connection with this Agreement or the other Loan Documents (except for actions occasioned solely by its or such Person’s own gross negligence
or willful misconduct), or (b) responsible in any manner to any of the Lenders for any recitals, statements, representations or warranties made by the Borrower or any of its Subsidiaries or any officer thereof contained in this Agreement or the
other Loan Documents or in any certificate, report, statement or other document referred to or provided for in, or received by the Administrative Agent under or in connection with, this Agreement or the other Loan Documents or for the value,
validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or the other Loan Documents or for any failure of the Borrower or any of its Subsidiaries
 to perform its obligations hereunder or thereunder. The

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Administrative Agent shall not be under any obligation to any Lender to ascertain or to
inquire as to the observance or performance of any of the agreements contained in, or conditions
of, this Agreement, or to inspect the properties, books or records of the Borrower or any of its
Subsidiaries.

SECTION 13.4. Reliance by the Administrative Agent. The Administrative Agent shall be
entitled to rely, and shall be fully protected in relying, upon any note, writing, resolution,
notice, consent, certificate, affidavit, letter, cablegram, telegram, telecopy, telex or teletype
message, statement, order or other document or conversation believed by it to be genuine and
correct and to have been signed, sent or made by the proper Person or Persons and upon advice and
statements of legal counsel (including, without limitation, counsel to the Borrower), independent
accountants and other experts selected by the Administrative Agent. The Administrative Agent may
deem and treat the holder of any Revolving Credit Loan as the owner thereof for all purposes unless
such Revolving Credit Loan shall have been transferred in accordance with Section 14.10 hereof.
The Administrative Agent shall be fully justified in failing or refusing to take any action under
this Agreement and the other Loan Documents unless it shall first receive such advice or
concurrence of the Required Lenders (or, when expressly required hereby or by the relevant other
Loan Document, the Required Agreement Lenders or all the Lenders) as it deems appropriate or it
shall first be indemnified to its satisfaction by the Lenders against any and all liability and
expense which may be incurred by it by reason of taking or continuing to take any such action
except for its own gross negligence or willful misconduct. The Administrative Agent shall in all
cases be fully protected in acting, or in refraining from acting, under this Agreement and the
other Loan Documents in accordance with a request of the Required Lenders (or, when expressly
required hereby, the Required Agreement Lenders or all the Lenders), and such request and any
action taken or failure to act pursuant thereto shall be binding upon all the Lenders and all
future holders of the Loans.

SECTION 13.5. Notice of Default. The Administrative Agent shall not be deemed to have
knowledge or notice of the occurrence of any Default or Event of Default hereunder unless it has
received notice from a Lender or the Borrower referring to this Agreement, describing such Default
or Event of Default and stating that such notice is a “notice of default”. In the event
that the Administrative Agent receives such a notice, it shall promptly give notice thereof to the
Lenders. The Administrative Agent shall take such action with respect to such Default or Event of
Default as shall be reasonably directed by the Required Lenders; provided that unless and until the
Administrative Agent shall have received such directions, the Administrative Agent may (but shall
not be obligated to) take such action, or refrain from taking such action, with respect to such
Default or Event of Default as it shall deem advisable in the best interests of the Lenders, except
to the extent that other provisions of this Agreement expressly require that any such action be
taken or not be taken only with the consent and authorization or the request of the Lenders, the
Required Agreement Lenders or Required Lenders, as applicable.

SECTION 13.6. Non-Reliance on the Administrative Agent and Other Lenders. Each Lender
expressly acknowledges that neither the Administrative Agent nor any of its respective officers,
directors, employees, agents, attorneys-in-fact, Subsidiaries or Affiliates has made any
representations or warranties to it and that no act by the Administrative Agent hereinafter taken,
including any review of the affairs of the Borrower or any of its Subsidiaries, shall be deemed to
constitute any representation or warranty by the Administrative Agent to any Lender. Each Lender
represents to the Administrative Agent that it has, independently and without reliance upon the
Administrative Agent or any other Lender, and based on such documents and information as it has
deemed appropriate, made its own appraisal of and investigation into the business, operations,
property, financial and other condition and creditworthiness of the Borrower

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and its Subsidiaries and made its own decision to make its Loans and issue or participate in
Letters of Credit hereunder and enter into this Agreement. Each Lender also represents that it
will, independently and without reliance upon the Administrative Agent or any other Lender, and
based on such documents and information as it shall deem appropriate at the time, continue to make
its own credit analysis, appraisals and decisions in taking or not taking action under this
Agreement and the other Loan Documents, and to make such investigation as it deems necessary to
inform itself as to the business, operations, property, financial and other condition and
creditworthiness of the Borrower and its Subsidiaries. Except for notices, reports and other
documents expressly required to be furnished to the Lenders by the Administrative Agent hereunder
or by the other Loan Documents, the Administrative Agent shall not have any duty or responsibility
to provide any Lender with any credit or other information concerning the business, operations,
property, financial and other condition or creditworthiness of the Borrower or any of its
Subsidiaries which may come into the possession of the Administrative Agent or any of its
respective officers, directors, employees, agents, attorneys-in-fact, Subsidiaries or Affiliates.

SECTION 13.7. Indemnification. The Lenders agree to indemnify the Administrative Agent in
its capacity as such and (to the extent not reimbursed by the Borrower and without limiting the
obligation of the Borrower to do so), ratably according to the respective amounts of their
Revolving Credit Commitment Percentage from and against any and all liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind
whatsoever which may at any time (including, without limitation, at any time following the payment
of the Loans or any Reimbursement Obligation) be imposed on, incurred by or asserted against the
Administrative Agent in any way relating to or arising out of this Agreement or the other Loan
Documents, or any documents contemplated by or referred to herein or therein or the transactions
contemplated hereby or thereby or any action taken or omitted by the Administrative Agent under or
in connection with any of the foregoing; provided that no Lender shall be liable for the payment of
any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments,
suits, costs, expenses or disbursements to the extent they result from the Administrative Agent’s
bad faith, gross negligence or willful misconduct. The agreements in this Section 13.7 shall
survive the payment of the Loans, any Reimbursement Obligation and all other amounts payable
hereunder and the termination of this Agreement.

SECTION 13.8. The Administrative Agent in Its Individual Capacity. The Administrative Agent
and its respective Subsidiaries and Affiliates may make loans to, accept deposits from and
generally engage in any kind of business with the Borrower as though the Administrative Agent were
not an Administrative Agent hereunder. With respect to any Loans made or renewed by it and with
respect to any Letter of Credit issued by it or participated in by it, the Administrative Agent
shall have the same rights and powers under this Agreement and the other Loan Documents as any
Lender and may exercise the same as though it were not an Administrative Agent, and the terms
“Lender” and “Lenders” shall include the Administrative Agent in its individual
capacity.

SECTION 13.9. Resignation of the Administrative Agent; Successor Administrative Agent.
Subject to the appointment and acceptance of a successor as provided below, the Administrative
Agent may resign at any time by giving notice thereof to the Lenders and the Credit Parties. Upon
any such resignation, the Required Lenders shall have the right, subject to the approval of the
Credit Parties (so long as no Default or Event of Default has occurred and is continuing), to
appoint a successor Administrative Agent, which successor shall have minimum capital and surplus of
at least $500,000,000. If no successor Administrative Agent shall have been so appointed by the
Required Lenders, been approved (so long as no Default or Event of Default has occurred and is
continuing) by the Credit Parties or have accepted such appointment within thirty

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(30) days after the Administrative Agent’s giving of notice of resignation, then the Administrative
Agent may, on behalf of the Lenders, appoint a successor Administrative Agent reasonably acceptable
to the Credit Parties (so long as no Default or Event of Default has occurred and is continuing),
which successor shall have minimum capital and surplus of at least $500,000,000. Upon the
acceptance of any appointment as Administrative Agent hereunder by a successor Administrative
Agent, such successor Administrative Agent shall thereupon succeed to and become vested with all
rights, powers, privileges and duties of the retiring Administrative Agent, and the retiring
Administrative Agent shall be discharged from its duties and obligations hereunder. After any
retiring Administrative Agent’s resignation hereunder as Administrative Agent, the provisions of
this Section 13.9 shall continue in effect for its benefit in respect of any actions taken or
omitted to be taken by it while it was acting as Administrative Agent.

SECTION 13.10. Syndication and Documentation Agents. Each Syndication Agent in its capacity
as Syndication Agent and each documentation agent in its capacity as documentation agent shall have
no duties or responsibilities and no liabilities under this Agreement or any other Loan Document
but shall be entitled, in such capacity, to the same protections afforded to the Administrative
Agent under this Article XIII.

ARTICLE XIV MISCELLANEOUS

SECTION 14.1. Notices. (a) Method of Communication. Except as otherwise provided in
this Agreement, all notices and communications hereunder shall be in writing, or by telephone
subsequently confirmed in writing. Any notice shall be effective if delivered by hand delivery or
sent via telecopy, recognized overnight courier service or certified mail, return receipt
requested, and shall be presumed to be received by a party hereto (i) on the date of delivery if
delivered by hand or sent by telecopy, (ii) on the next Business Day if sent by recognized
overnight courier service and (iii) on the third (3rd) Business Day following the date
sent by certified mail, return receipt requested. A telephonic notice to the Administrative Agent
as understood by the Administrative Agent will be deemed to be the controlling and proper notice in
the event of a discrepancy with or failure to receive a confirming written notice.

          (b) Addresses for Notices. Notices to any party shall be sent to it at the following
addresses, or any other address as to which all the other parties are notified in writing.

If to the Credit Parties:

Jones Apparel Group, Inc.

1411 Broadway

New York, New York 10018

Attention: Chief Financial Officer

 Telephone No.: (212) 703-9152

Telecopy No.: (212) 703-9154

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If to Wachovia:

Wachovia Bank, National Association

Administrative Agent:

201 South College Street, CP-8

Charlotte, NC 28288-0680

Attention: Syndication Agency Services

Telephone No: 704-715-1353

Telecopy No: 704-383-0288

With copies to:

Wachovia Bank, National Association

Administrative Agent:

1339 Chestnut Street, PA4830

Philadelphia, PA 19107

Attention: Susan T. Gallagher

Telephone No: 267-321-6712

Telecopy No: 267-321-6700

If to any Lender:

To the Address set forth on Schedule 1.1(a) hereto

          (c) Administrative Agent’s Office. The Administrative Agent hereby designates its office
located at the address set forth above, or any subsequent office which shall have been specified
for such purpose by written notice to the Borrower and the Lenders, as the Administrative Agent’s
Office referred to herein, to which payments due are to be made and at which Loans will be
disbursed.

SECTION 14.2. Expenses; Indemnity. The Borrower will (a) pay all reasonable out-of-pocket
expenses of the Administrative Agent in connection with (i) the preparation, execution and delivery
of this Agreement and each other Loan Document, whenever the same shall be executed and delivered,
including without limitation the reasonable out-of-pocket syndication and due diligence expenses
and reasonable fees and disbursements of counsel for the Administrative Agent and (ii) the
preparation, execution and delivery of any waiver, amendment or consent by the Administrative Agent
or the Lenders relating to this Agreement or any other Loan Document, including without limitation
reasonable fees and disbursements of counsel for the Administrative Agent, (b) pay all reasonable
out-of-pocket expenses of the Administrative Agent actually incurred in connection with the
administration of the Credit Facility, (c) pay all reasonable out-of-pocket expenses of the
Administrative Agent and each Lender actually incurred in connection with the enforcement of any
rights and remedies of the Administrative Agent and the Lenders under the Credit Facility,
including to the extent reasonable under the circumstances consulting with accountants, attorneys
and other Persons concerning the nature, scope or value of any right or remedy of the
Administrative Agent or any Lender hereunder or under any other Loan Document or any factual
matters in connection therewith, which expenses shall include without limitation the reasonable
fees and disbursements of such Persons, and (d) defend, indemnify and hold harmless the
Administrative Agent and the Lenders, and their respective parents, Subsidiaries, Affiliates,
employees, Administrative Agents, officers and directors, from and against any losses, penalties,
fines, liabilities, settlements, damages, costs and expenses, suffered by any such Person in
connection with any claim, investigation, litigation or other proceeding

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(whether or not the Administrative Agent or any Lender is a party thereto) and the prosecution and
defense thereof, arising out of or in any way connected with this Agreement, any other Loan
Document or the Loans, including without limitation reasonable attorney’s and consultant’s fees,
except to the extent that any of the foregoing result from the gross negligence or willful
misconduct of any indemnified party.

SECTION 14.3. Set-off. In addition to any rights now or hereafter granted under Applicable
Law and not by way of limitation of any such rights, upon and after the occurrence of any Event of
Default and during the continuance thereof, the Lenders and any assignee or participant of a Lender
in accordance with Section 14.10 are hereby authorized by the Credit Parties at any time or from
time to time, without notice to the Credit Parties or to any other Person, any such notice being
hereby expressly waived, to set off and to appropriate and to apply any and all deposits (general
or special, time or demand, including, but not limited to, indebtedness evidenced by certificates
of deposit, whether matured or unmatured) and any other indebtedness at any time held or owing by
the Lenders, or any such assignee or participant to or for the credit or the account of the
Borrower against and on account of the Obligations irrespective of whether or not
(a) the Lenders shall have made any demand under this Agreement or any of the other Loan Documents
or (b) the Administrative Agent shall have declared any or all of the Obligations to be due and
payable as permitted by Section 12.2 and although such Obligations shall be contingent or
unmatured.

SECTION 14.4. Governing Law. This Agreement, the Notes and the other Loan Documents,
unless otherwise expressly set forth therein, shall be governed by, construed and enforced in
accordance with the laws of the State of New York.

SECTION 14.5. Consent to Jurisdiction. Each of the parties hereto hereby irrevocably
consents to the personal jurisdiction of the state and federal courts located in New York County,
New York, in any action, claim or other proceeding arising out of any dispute in connection with
this Agreement and the other Loan Documents, any rights or obligations hereunder or thereunder, or
the performance of such rights and obligations. Each of the parties hereto hereby irrevocably
consents to the service of a summons and complaint and other process in any action, claim or
proceeding brought by any other party hereto in connection with this Agreement or the other Loan
Documents, any rights or obligations hereunder or thereunder, or the performance of such rights and
obligations, on behalf of itself or its property, in the manner specified in Section 14.1. Nothing
in this Section 14.5 shall affect the right of any of the parties hereto to serve legal process in
any other manner permitted by Applicable Law or affect the right of any of the parties hereto to
bring any action or proceeding against any other party hereto or its properties in the courts of
any other jurisdictions.

SECTION 14.6. Waiver of Jury Trial. THE ADMINISTRATIVE AGENT, EACH LENDER AND EACH CREDIT
PARTY HEREBY ACKNOWLEDGE THEY IRREVOCABLY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL WITH
RESPECT TO ANY ACTION, CLAIM OR OTHER PROCEEDING ARISING OUT OF ANY JUDICIAL PROCEEDING, ANY
DISPUTE, CLAIM OR CONTROVERSY ARISING OUT OF, CONNECTED WITH OR RELATING TO THE LOAN DOCUMENTS
(“Dispute”) IN CONNECTION WITH THIS AGREEMENT, THE NOTES OR THE OTHER LOAN DOCUMENTS, ANY
RIGHTS OR OBLIGATIONS HEREUNDER OR THEREUNDER, OR THE PERFORMANCE OF SUCH RIGHTS AND OBLIGATIONS.

SECTION 14.7. Reversal of Payments. To the extent any Credit Party makes a payment or
payments to the Administrative Agent for the ratable benefit of the Lenders or the Administrative

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Agent receives any payment or proceeds of the collateral which payments or proceeds or any part
thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or
required to be repaid to a trustee, receiver or any other party under any bankruptcy law, state or
federal law, common law or equitable cause, then, to the extent of such payment or proceeds repaid,
the Obligations or part thereof intended to be satisfied shall be revived and continued in full
force and effect as if such payment or proceeds had not been received by the Administrative Agent.

SECTION 14.8. Injunctive Relief; Punitive Damages. (a) Each of the parties to this
Agreement recognizes that, in the event such party fails to perform, observe or discharge any of
its obligations or liabilities under this Agreement, any remedy of law may prove to be inadequate
relief to the other parties hereto. Therefore, each of the parties hereto agrees that the other
parties hereto, at such other party’s option, shall be entitled to pursue temporary and permanent
injunctive relief in any such case without the necessity of proving actual damages.

          (b) The Administrative Agent, the Lenders and the Credit Parties (on behalf of themselves and their
Subsidiaries) hereby agree that no such Person shall have a remedy of punitive or exemplary damages
against any other party to a Loan Document and each such Person hereby waives any right or claim to
punitive or exemplary damages that they may now have or may arise in the future in connection with
any Dispute, whether such Dispute is resolved through arbitration or judicially.

SECTION 14.9. Accounting Matters. Except as otherwise expressly provided herein, all terms
of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from
time to time, provided that, if the Borrower notifies the Administrative Agent that the Borrower
requests an amendment to any provision hereof to eliminate the effect of any change occurring after
the Amendment Date in GAAP or in the application thereof on the operation of such provision (or if
the Administrative Agent notifies the Borrower that the Required Lenders request an amendment to
any provision hereof for such purpose), regardless of whether any such notice is given before or
after such change in GAAP or in the application thereof, then such provision shall be interpreted
on the basis of GAAP as in effect and applied immediately before such change shall have become
effective until such notice shall have been withdrawn or such provision amended in accordance
therewith.

SECTION 14.10. Successors and Assigns; Participations. (a) Benefit of Agreement.
This Agreement shall be binding upon and inure to the benefit of the Credit Parties, the
Administrative Agent and the Lenders, all future holders of the Notes, and their respective
successors and permitted assigns, except that the Borrower shall not assign or transfer any of its
rights or obligations under this Agreement without the prior written consent of each Lender other
than pursuant to Section 11.5.

          (b) Assignment by Lenders. Each Lender may, with the consent of the Borrower (so long as no
Default or Event of Default has occurred and is continuing) and the consent of the Administrative
Agent, which consents shall not be unreasonably withheld or delayed, assign to one or more Eligible
Assignees all or a portion of its interests, rights and obligations under this Agreement
(including, without limitation, all or a portion of the Extensions of Credit at the time owing to
it and the Revolving Credit Notes held by it); provided that:

     (i) each such assignment shall be of a constant, and not a varying, percentage of all the assigning
Lender’s Revolving Credit Commitment and all other rights and obligations under this Agreement;

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     (ii) if less than all of the assigning Lender’s Revolving Credit Commitment or Revolving Credit
Loans is to be assigned, the Revolving Credit Commitment or Revolving Credit Loans so assigned
shall not be less than $5,000,000;

     (iii) the parties to each such assignment shall execute and deliver to the Administrative Agent,
for its acceptance and recording in the Register, an Assignment and Acceptance in the form of
Exhibit G attached hereto (an “Assignment and Acceptance”), together with any Revolving
Credit Note or Revolving Credit Notes subject to such assignment;

     (iv) such assignment shall not, without the consent of the Borrower, on behalf of itself and the
other Credit Parties, require the Borrower, or any other Credit Party, to file a registration
statement with the Securities and Exchange Commission or apply to or qualify the Revolving Credit
Loans or the Revolving Credit Notes under the blue sky laws of any state;

     (v) the assigning Lender shall pay to the Administrative Agent an assignment fee of $3,000 upon the
execution by such Lender of the Assignment and Acceptance; provided that no such fee shall be
payable upon any assignment by a Lender to an Affiliate thereof; and

     (vi) no consents will be required for assignments where the Eligible Assignee is an Affiliate of
the assigning Lender.

          Upon such execution, delivery, acceptance and recording, from and after the effective date
specified in each Assignment and Acceptance, which effective date shall be at least ten (10)
Business Days after the execution thereof, (A) the assignee thereunder shall be a party hereto and,
to the extent of the interest assigned in such Assignment and Acceptance, have the rights and
obligations of a Lender hereby and (B) the Lender thereunder shall, to the extent of the interest
assigned in such assignment, be released from its obligations under this Agreement.

          (c) Rights and Duties upon Assignment. By executing and delivering an Assignment and
Acceptance, the assigning Lender thereunder and the assignee thereunder confirm to and agree with
each other and the other parties hereto as set forth in such Assignment and Acceptance.

          (d) Register. The Administrative Agent shall maintain a copy of each Assumption Agreement
and each Assignment and Acceptance delivered to it and record the names and addresses of the
Lenders and the amount of the Extensions of Credit with respect to each Lender from time to time in
the Register.

          No assignment shall be effective for purposes of this Agreement unless it has been recorded in the
Register as provided in this paragraph. The entries in the Register shall be conclusive, in the
absence of manifest error, and the Borrower, the Administrative Agent and the Lenders may treat
each person whose name is recorded in the Register as a Lender hereunder for all purposes of this
Agreement. The Register shall be available for inspection by the Borrower or any Lender at any
reasonable time and from time to time upon reasonable prior notice.

          (e) Issuance of New Revolving Credit Notes. Upon its receipt of an Assignment and
Acceptance executed by an assigning Lender and an Eligible Assignee together with any Revolving
Credit Note or Revolving Credit Notes if any have been issued pursuant to this

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Agreement, subject to such assignment and the written consent to such assignment, the
Administrative Agent shall, if such Assignment and Acceptance has been completed and is
substantially in the form of Exhibit G:

     (i) accept such Assignment and Acceptance;

     (ii) record the information contained therein in the Register;

     (iii) give prompt notice thereof to the Lenders and the Borrower, on behalf of itself and the other
Credit Parties; and

     (iv) promptly deliver a copy of such Assignment and Acceptance to the Borrower.

          Within ten (10) Business Days after receipt of notice, if requested by the Eligible Assignee the
Borrower shall execute and deliver to the Administrative Agent, in exchange for the surrendered
Revolving Credit Note or Revolving Credit Notes, a new Revolving Credit Note or Revolving Credit
Notes to the order of such Eligible Assignee in amounts equal to the Revolving Credit Commitment
assumed by it pursuant to such Assignment and Acceptance and a new Revolving Credit Note or
Revolving Credit Notes to the order of the assigning Lender in an amount equal to the Revolving
Credit Commitment retained by it hereunder. Such new Revolving Credit Note or Revolving Credit
Notes shall be in an aggregate principal amount equal to the aggregate principal amount of such
surrendered Revolving Credit Note or Revolving Credit Notes, shall be dated the effective date of
such Assignment and Acceptance and shall otherwise be in substantially the form of the assigned
Revolving Credit Notes delivered to the assigning Lender. Each surrendered Revolving Credit Note or
Revolving Credit Notes shall be canceled and returned to the Borrower.

          (f) Participations. Each Lender may sell participations to one or more banks or other
entities in all or a portion of its rights and/or obligations under this Agreement (including,
without limitation, all or a portion of its Extensions of Credit and the Notes held by it);
provided that:

     (i) each such participation shall be in an amount not less than $5,000,000;

     (ii) such Lender’s obligations under this Agreement (including, without limitation, its Revolving
Credit Commitment) shall remain unchanged;

     (iii) such Lender shall remain solely responsible to the other parties hereto for the performance
of such obligations;

     (iv) the Credit Parties, the Administrative Agent and the other Lenders shall continue to deal
solely and directly with such Lender in connection with such Lender’s rights and obligations under
this Agreement;

     (v) such Lender shall not permit such participant the right to approve any waivers, amendments or
other modifications to this Agreement or any other Loan Document other than waivers, amendments or
modifications which would reduce the principal of or the interest rate on any Revolving Credit Loan
or Reimbursement Obligation, extend the term or increase the amount of the Revolving Credit
Commitment, reduce the amount of any fees to which such participant is entitled, or extend any

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scheduled payment date for principal, interest or fees of any Revolving Credit Loan, except
as expressly contemplated hereby or thereby; and

     (vi) any such disposition shall not, without the consent of the Borrower, on behalf of itself and
the other Credit Parties, require the Borrower or any other Credit Party, to file a registration
statement with the Securities and Exchange Commission or apply to or qualify the Revolving Credit
Loans or the Revolving Credit Notes under the blue sky law of any state.

          (g) Disclosure of Information; Confidentiality. Each of the Administrative Agent, the
Issuing Lenders and the Lenders agrees to maintain the confidentiality of the Information (as
defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors,
officers, employees and agents, including accountants, legal counsel and other advisors and
representatives (collectively, “Representatives”) (it being understood that the Persons to whom
such disclosure is made will be informed of the confidential nature of such Information and
instructed to keep such Information confidential), (b) to the extent requested by any regulatory
authority, (c) to the extent required by Applicable Laws or regulations or by any subpoena or
similar legal process, (d) to any other party to this Agreement, (e) in connection with the
exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement or
the enforcement of rights hereunder, (f) subject to an agreement containing provisions
substantially the same as those of this Section, to any assignee of or Participant in, or any
prospective assignee of or Participant in, any of its rights or obligations under this Agreement,
(g) with the prior written consent of the Credit Parties, (h) to the extent such Information (A)
becomes publicly available other than as a result of a breach of this Section or
(B) becomes available to the Administrative Agent, the Issuing Lenders or any Lender on a
nonconfidential basis from a source other than the Credit Parties or (i) to Gold Sheets and other
similar bank trade publications, such information to consist of deal terms and other information
(customarily found in such publications) upon the Credit Parties’ prior review and approval, which
shall not be unreasonably withheld or delayed. For the purposes of this Section,
“Information” means all information received from the Credit Parties or any of their
Subsidiaries relating to the Credit Parties or their business, other than any such information that
is available to the Administrative Agent, any Issuing Lender or any Lender on a nonconfidential
basis prior to disclosure by the Credit Parties; provided that, in the case of information received
from the Credit Parties after the Closing Date (other than certificates or other information
specifically required by the terms of this Agreement), such information is clearly identified at
the time of delivery as confidential. Any Person required to maintain the confidentiality of
Information as provided in this Section shall be considered to have complied with its obligation to
do so if such Person has exercised the same degree of care to maintain the confidentiality of such
Information as such Person would accord to its own confidential information.

          (h) Special Purpose Funding Vehicles. Notwithstanding anything to the contrary contained
herein, any Lender (a “Granting Lender”) may grant to a special purpose funding vehicle
organized for the specific purpose of making or acquiring participations or investing in loans of
the type made pursuant to this Agreement (a “SPC”), correctly identified as such in writing
from time to time by the Granting Lender to the Administrative Agent and the Borrower, the option
to provide to the Borrower all or any part of any Extension of Credit that such Lender would
otherwise be obligated to make to the Borrower pursuant to this Agreement; provided that
(i) nothing herein shall constitute a commitment by any SPC to make any Extension of Credit and
(ii) if an SPC elects not to exercise such option or otherwise fails to provide all or any part of
such Extension of Credit, the Granting Lender shall be obligated to make such Extension of Credit
pursuant to the terms hereof. The making of an Extension of Credit by an SPC hereunder

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shall utilize the Revolving Credit Commitment of the Granting Lender to the same extent, and as
if, such Extension of Credit were made by such Granting Lender. Each party hereto hereby agrees
that no SPC shall be liable for any indemnity or similar payment obligation under this Agreement
(all liability for which shall remain with the Granting Lender). In furtherance of the foregoing,
each party hereto hereby agrees (which agreement shall survive the termination of this Agreement)
that, prior to the date that is one year and one day after the payment in full of all outstanding
commercial paper or other senior indebtedness of any SPC, it will not institute against, or join
any other person in instituting against, such SPC any bankruptcy, reorganization, arrangement,
insolvency or liquidation proceedings under the laws of the United States or any State thereof. In
addition, notwithstanding anything to the contrary contained in this clause, any SPC may (i) with
notice to, but without the prior written consent of, the Borrower and the Administrative Agent and
without paying any processing fee therefor, assign all or a portion of its interest in any
Extension of Credit to the Granting Lender or to any financial institution (consented to by the
Borrower and Administrative Agent) providing liquidity and/or credit support to or for the account
of such SPC to support the funding or maintenance of Extensions of Credit and (ii) disclose on a
confidential basis any non-public information relating to Extensions of Credit to any rating
agency, commercial paper dealer or provider of any surety, guarantee or credit or liquidity
enhancement to such SPC. This clause may not be amended without the written consent of each SPC.

          (i) Certain Pledges or Assignments. Nothing herein shall prohibit any Lender from pledging
or assigning any Note to any Federal Reserve Bank in accordance with Applicable Law.

SECTION 14.11. Amendments, Waivers and Consents. Except as set forth below, any term,
covenant, agreement or condition of this Agreement or any of the other Loan Documents may be
amended or waived by the Lenders, and any consent given by the Lenders, if, but only if, (a) in the
case of an amendment, waiver or consent for which a substantially similar corresponding amendment,
waiver or consent with regard to the 2004 Credit Agreement will be made effective thereunder
contemporaneously, such amendment, waiver or consent is in writing signed by the Required Lenders
(or by the Administrative Agent with the consent of the Required Lenders) and delivered to the
Administrative Agent and, in the case of an amendment, signed by the Credit Parties and (b) in the
case of any other amendment, waiver or consent specifically impacting only this Agreement and the
other Loan Documents, such amendment, waiver or consent is in writing signed by the Required
Agreement Lenders (or by the Administrative Agent with the consent of the Required Agreement
Lenders) and delivered to the Administrative Agent and, in the case of an amendment, signed by the
Credit Parties; provided, in each case, that:

     (a) no amendment, waiver or consent shall (i) release any of the Credit Parties,
(ii) increase the amount or extend the time of the obligation of the Lenders to make Revolving
Credit Loans or issue or participate in Letters of Credit, (iii) extend the originally scheduled
time or times of payment of the principal of any Revolving Credit Loan or Reimbursement Obligation
or the time or times of payment of interest or fees on any Revolving Credit Loan or Reimbursement
Obligation, (iv) reduce the rate of interest or fees payable on any Revolving Credit Loan or
Reimbursement Obligation, (v) reduce the principal amount of any Revolving Credit Loan or
Reimbursement Obligation, (vi) permit any subordination of the principal or interest on any
Revolving Credit Loan or Reimbursement Obligation, (vii) permit any assignment (other than as
specifically permitted or contemplated in this Agreement) of any of the Credit Parties’ rights and
obligations hereunder or (viii) amend the provisions of this Section 14.11 or the

68

 

definition of Required Lenders or Required Agreement Lenders, without the prior written
consent of each Lender affected thereby; and

     (b) no amendment, waiver or consent to the provisions of (i) Article XIII shall be made without the
written consent of the Administrative Agent and (ii) Article III without the written consent of
each Issuing Lender affected thereby.

69

 

SECTION 14.12. Performance of Duties. The Credit Parties’ obligations under this Agreement
and each of the Loan Documents shall be performed by the Credit Parties at their sole cost and
expense.

SECTION 14.13. All Powers Coupled with Interest. All powers of attorney and other
authorizations granted to the Lenders, the Administrative Agent and any Persons designated by the
Administrative Agent or any Lender pursuant to any provisions of this Agreement or any of the other
Loan Documents shall be deemed coupled with an interest and shall be irrevocable so long as any of
the Obligations remain unpaid or unsatisfied or the Credit Facility has not been terminated.

SECTION 14.14. Survival of Indemnities. Notwithstanding any termination of this Agreement,
the indemnities to which the Administrative Agent and the Lenders are entitled under the provisions
of this Article XIV and any other provision of this Agreement and the Loan Documents shall continue
in full force and effect and shall protect the Administrative Agent and the Lenders against events
arising after such termination as well as before.

SECTION 14.15. Titles and Captions. Titles and captions of Articles, Sections and
subsections in this Agreement are for convenience only, and neither limit nor amplify the
provisions of this Agreement.

SECTION 14.16. Severability of Provisions. Any provision of this Agreement or any other
Loan Document which is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective only to the extent of such prohibition or unenforceability without
invalidating the remainder of such provision or the remaining provisions hereof or thereof or
affecting the validity or enforceability of such provision in any other jurisdiction.

SECTION 14.17. Counterparts. This Agreement may be executed in any number of counterparts
and by different parties hereto in separate counterparts, each of which when so executed shall be
deemed to be an original and shall be binding upon all parties, their successors and assigns, and
all of which taken together shall constitute one and the same agreement. Delivery of any executed
counterpart of a signature page of this Agreement by telecopy shall be effective as delivery of a
manually executed counterpart of this Agreement.

SECTION 14.18. Term of Agreement. This Agreement shall remain in effect from the Closing
Date through and including the date upon which all Obligations (other than obligations owing by any
Credit Party to any Lender or Affiliate of a Lender or the Administrative Agent under any Hedging
Agreement) shall have been indefeasibly and irrevocably paid and satisfied in full. No termination
of this Agreement shall affect the rights and obligations of the parties hereto arising prior to
such termination.

SECTION 14.19. Inconsistencies with Other Documents; Independent Effect of Covenants. (a)
In the event there is a conflict or inconsistency between this Agreement and any other Loan
Document, the terms of this Agreement shall control.

          (b) The Borrower expressly acknowledges and agrees that each covenant contained in Article IX, X,
or XI hereof shall be given independent effect.

SECTION 14.20. Patriot Act. Each Lender hereby notifies the Borrower that pursuant to the
requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26,
2001)) (the “Act”), it is required to obtain, verify and record information that identifies each

70

 

borrower, guarantor or grantor (the “Loan Parties”), which information includes the name and
address of each Loan Party and other information that will allow such Lender to identify such Loan
Party in accordance with the Act.

SECTION 14.21. Ratings of Loans. Each Lender hereby agrees that nothing in this agreement
shall require or imply that the Loans shall be required to be rated by any nationally recognized
securities rating organization.

SECTION 14.22. Consent Under 2004 Credit Agreement. Each Lender hereunder that is also a
lender under the 2004 Credit Agreement, by execution of this Agreement, hereby (i) agrees that each
reference in the 2004 Credit Agreement to the “2005 Credit Agreement” shall mean a reference to
this Agreement and (ii) consents to the execution and delivery of this Agreement by the Credit
Parties and the performance of their respective obligations hereunder pursuant to Section 14.11 of
the 2004 Credit Agreement.

[Signature pages to follow]

71

 

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed under seal by
their authorized officers, all as of the day and year first written above.

[THE REQUISITE SIGNATURES ARE APPENDED TO AMENDMENT NO. 2 REFERRED TO IN THE PRELIMINARY
STATEMENTS]

72

 

Schedule 1.1 (a)

(Lenders and Revolving Credit Commitments)

	 	 	 	 	 	 	 	 	 
	 	 	 	COMMITMENT	 	 	 	 
	LENDER	 	 	PERCENTAGE	 	 	COMMITMENT
	JPMorgan Chase Bank, N.A.

	 	 	8.7%		 	$	65,000,000	 
	1411 Broadway, 5th Floor

New York, NY 10018

Attn: Caridad Tio

T: 212-391-2711

F: 212-391-7283
	 	 	 	 	 	 	 	 
	Citibank, N.A.

	 	 	7.3%		 	$	55,000,000	 
	2 Penns Way, Suite 200

New Castle, DE 19720

Attn: Laura D. Quashne

T: 302-894-6058

F: 302-894-6120
	 	 	 	 	 	 	 	 
	Bank of America, N.A.

	 	 	8.7%		 	$	65,000,000	 
	101 N. Tyron Street, NC1-001-15-03

Charlotte, NC 28255

Attn: Jason Petrea

T: 704-386-3781

F: 704-409-0056
	 	 	 	 	 	 	 	 
	Barclays Bank PLC

	 	 	6.0%		 	$	45,000,000	 
	200 Park Avenue

New York, NY 10166

Attn: Alicia Borys

T: 212-412-6938

F: 212-412-7600
	 	 	 	 	 	 	 	 
	SunTrust Bank 

	 	 	8.7%		 	$	65,000,000	 
	303 Peachtree Street, N.E.

Atlanta, GA 30308

Attn: Don Besch

T: 404 575-2649

F: 404 575-2594
	 	 	 	 	 	 	 	 
	Wachovia Bank, National Association

	 	 	8.7%		 	$	65,000,000	 
	201 South College Street, CP-8

Charlotte, NC 28288-0680

Attn: Syndication Agency Services

T: 704-715-1353

F: 704-383-0288
	 	 	 	 	 	 	 	 
	The Governor and Company of the Bank of Ireland

	 	 	4.7%		 	$	35,000,000	 
	Hume House, 5th Floor, Ballsbridge

Dublin 4

Ireland

Attn: Olivia Carey

T: 353 1 618-7470

F: 353 1 618-7490
	 	 	 	 	 	 	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	 	COMMITMENT	 	 	 	 
	LENDER	 	 	PERCENTAGE	 	 	COMMITMENT
	The Royal Bank of Scotland plc

	 	 	4.7%		 	$	35,000,000	 
	101 Park Avenue

New York, NY 10178

Attn: Juanita Baird

T: 212 401-1420

F: 212 401-1336
	 	 	 	 	 	 	 	 
	Standard Chartered

	 	 	4.7%		 	$	35,000,000	 
	One Madison Avenue

New York, NY 10010

Attn: Vicky

T: 212 667-0203

F: 212 667-0287
	 	 	 	 	 	 	 	 
	Bank of Taiwan, New York Agency

	 	 	3.3%		 	$	25,000,000	 
	100 Wall Street, 11th Floor

New York, NY 10005

Attn: Rachel Chang

T: 212 968-8128 Ext. 30

F: 212 968-8370
	 	 	 	 	 	 	 	 
	Bank of Tokyo-Mitsubishi UFJ, New York Branch

	 	 	3.3%		 	$	25,000,000	 
	55 East 52nd Street

New York, NY 10055

Attn: Martin Chin

T: 212 339-6392

F: 212 754-2368
	 	 	 	 	 	 	 	 
	Land Bank of Taiwan
	 	 	5.2%		 	$	20,000,000	 
	Bank of China, New York Branch 

	 	 	2.0%		 	$	15,000,000	 
	410 Madison Avenue

New York, NY 10017

Attn: Elaine Ho

T: 212 935-3101 ext 281

F: 646 840-1796
	 	 	 	 	 	 	 	 
	Fifth Third Bank 

	 	 	2.0%		 	$	15,000,000	 
	38 Fountain Square, MD 109054

Cincinnati, OH 45263

Attn: Melody Merrill

T: 513-579-5389

F: 513-534-5947
	 	 	 	 	 	 	 	 
	Mizuho Corporate Bank, Ltd.

	 	 	2.0%		 	$	15,000,000	 
	1800 Plaza Ten

Jersey City, NJ 07311

Attn: Nicole Ferraro

T: 201 626-9341

F: 201 626-9913
	 	 	 	 	 	 	 	 
	Sumitomo Mitsui Banking Corporation 

	 	 	2.0%		 	$	15,000,000	 
	277 Park Avenue

New York, NY 10172

Attn: Tracy Watson

T: 212 224-4393

F: 212 224-5197
	 	 	 	 	 	 	 	 

2

 

	 	 	 	 	 	 	 	 	 
	 	 	 	COMMITMENT	 	 	 	 
	LENDER	 	 	PERCENTAGE	 	 	COMMITMENT
	The Bank of Nova Scotia

	 	 	2.0%		 	$	15,000,000	 
	720 King Street West

2nd Floor

Toronto, ON

Canada M5V2T3

Attn: Tamara Mohan / Nironjan Roy

T: 416-649-3982

F: 416-350-5725
	 	 	 	 	 	 	 	 
	U.S. Bank National Association

	 	 	2.0%		 	$	15,000,000	 
	One U.S. Bank Plaza

St. Louis, MO 63166

Attn: Frances W. Josephic, Vice President

T: 513 762-8973

F: 513 632-2068
	 	 	 	 	 	 	 	 
	Union Bank of California, N.A

	 	 	2.0%		 	$	15,000,000	 
	601 Potrero Grande Drive

Monterey Park, CA 91754

Attn: Alberta Rosby

T: 323 720-2622

F: 323 278-6173
	 	 	 	 	 	 	 	 
	Banca Di Roma — New York Branch

	 	 	1.3%		 	$	10,000,000	 
	34 E. 51st Street

New York, NY 10022

Attn: Jonathan Bloom

T: 212-407-1761

F: 212-407-1778
	 	 	 	 	 	 	 	 
	Bank Leumi USA 

	 	 	1.3%		 	$	10,000,000	 
	562 Fifth Avenue, 10th Floor

New York, NY 10036

Attn: Virginia DeLeon

T: 212 626-1308

F: 212 626-1309
	 	 	 	 	 	 	 	 
	Bear Stearns Corporate Lending Inc. 

	 	 	0.7%		 	$	5,000,000	 
	383 Madison Avenue, 8th Floor

New York, NY 10179

Attn: Gloria Dombrowski

T: 212-272-6043

F: 212-272-4844
	 	 	 	 	 	 	 	 
	Chang Hwa Commercial Bank, Ltd,

	 	 	1.3%		 	$	10,000,000	 
	New York Branch

685 Third Avenue, 29th Floor

New York, NY 10017

Attn: Sarah Lim

T: 212 651-9770 ext. 31

F: 212 651-9785
	 	 	 	 	 	 	 	 
	First Commercial Bank, New York Agency

	 	 	1.3%		 	$	10,000,000	 
	750 Third Avenue, 34th Floor

New York, NY 10017

Attn: Yating Hwang
	 	 	 	 	 	 	 	 
	T: 212-599-6868

F: 212-599-6133
	 	 	 	 	 	 	 	 

3

 

	 	 	 	 	 	 	 	 	 
	 	 	 	COMMITMENT	 	 	 	 
	LENDER	 	 	PERCENTAGE	 	 	COMMITMENT
	Fortis Capital Corporation
	 	 	1.3%		 	$	10,000,000	 
	Hua Nan Commercial Bank, Ltd.

	 	 	1.3%		 	$	10,000,000	 
	330 Madison Avenue, 38th Floor

New York, NY 10017

Attn: Henry Hsieh

T: 212 286-1999

F: 212 286-1212
	 	 	 	 	 	 	 	 
	Israel Discount Bank of New York 

	 	 	1.3%		 	$	10,000,000	 
	511 Fifth Avenue

New York, NY 10017

Attn: Laury Quiles

T: 212 551-8596

F: 212 551-8872
	 	 	 	 	 	 	 	 
	Taipei Fubon Bank New York Agency

	 	 	1.3%		 	$	10,000,000	 
	100 Wall Street, 14th Floor

New York, NY 10005

Attn: Esther Lee

T: 212 968-9888

F: 212 968-9800

	 	 	 	 	 	 	 	 
	The Bank of New York 

	 	 	1.3%		 	$	10,000,000	 
	One Wall Street

New York, NY 10286

Attn: Laina Chan

T: 212-635-6720

F: 212-635-6397
	 	 	 	 	 	 	 	 
	E.Sun Commercial Bank, Ltd.,

	 	 	0.7%		 	$	5,000,000	 
	Los Angeles Branch

17700 Castleton Street, Suite 500

City of Industry, CA 91748

Attn: Shinghorng Lin

F: 626 810-2400 x. 228

F: 626 839-5531
	 	 	 	 	 	 	 	 
	National Bank of Egypt

	 	 	0.7%		 	$	5,000,000	 
	The Norinchukin Bank, New York Branch

	 	 	0.7%		 	$	5,000,000	 
	245 Park Avenue, 29th Floor

New York, NY 10167

Attn: Jing Li

T: 212 949-10167

F: 212 808-4188
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Total:
	 	 	100%	 	 	$	750,000,000	 

4

 

Schedule 1.1(b)

Schedule 1.1(b)

Outstanding Letters of Credit
[Reserved]

 

Schedule 7.1(b)

SCHEDULE 7.1(b)

Subsidiaries and Capitalization

	 	 	 	 	 	 	 	 	 
	 	 	State/Country	 	 	 	 	 	Shares Isued and
	Name of Corporation	 	of Incorporation	 	Type of Shares	 	Shares Authorized	 	Outstanding
	Apparel Testing Services, Inc.
	 	New Jersey	 	Common	 	1,000	 	100
	Asia Expert Limited
	 	Hong Kong	 	HK$	 	500,000	 	1,000
	Exportex de Mexico, S.A. de C.V.
	 	Mexico	 	Common	 	1,000	 	1,000
	Import
Technology of. Texas, Inc.
	 	Texas	 	Common	 	500,000	 	1,000
	Jones Apparel Group, Inc.
	 	Pennsylvania	 	Common	 	201,000,000	 	86,571,939*
	Jones Apparel Group Canada, LP
	 	Canada	 	 	 	 	 	Jones Canada, Inc. owns .1% and Jones Apparel Group  Canada ULC owns 476 partnership units
	Jones Apparel Group Canada ULC
	 	Canada	 	Common	 	100,000,000	 	71,500
	Jones Apparel Group Holdings, Inc.
	 	Delaware	 	Common	 	1,000	 	1,000
	Jones Apparel Group USA, Inc.
	 	Delaware	 	Common	 	1,000	 	100
	Jones Canada, Inc.
	 	Canada	 	Common	 	Unlimited	 	100
	Jones Distribution Corporation
	 	Delaware	 	Common	 	200	 	200
	Jones Holding Inc.
	 	Delaware	 	Common	 	1,000	 	100
	Jones International Limited
	 	Hong Kong	 	Common	 	100	 	100
	Jones Investment Co. Inc.
	 	Delaware	 	Common	 	200	 	100
	Jones Jeanswear Group, Inc.
	 	New York	 	Common	 	15,000	 	10,000
	(formerly known as McNaughton Apparel Group
Inc.)
	 	Preferred A	 	200,000	 	200,000	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	State/Country	 	 	 	 	 	Shares Isued and
	Name of Corporation	 	of Incorporation	 	Type of Shares	 	Shares Authorized	 	Outstanding
	 
	 	 	 	Preferred B	 	100,000	 	100,000
	Jones Management Service Company
	 	Delaware	 	Common	 	1,000	 	1,000
	Jones Retail Corporation
	 	New Jersey	 	Common	 	1,000	 	100
	Maxwell Footwear of California, Inc.
	 	Delaware	 	Common	 	1,000	 	1,000
	Nine West Accessories (HK) Limited
	 	Hong Kong	 	Ordinary	 	10,000	 	2
	Nine West Development Corporation
	 	Delaware	 	Common	 	3,000	 	1,000
	Nine West Footwear Corporation
	 	Delaware	 	Common	 	3,000	 	1,000
	Nine West Melbourne Pty. Ltd.
	 	Australia	 	Ordinary	 	100,000	 	100
	Victoria + Co Ltd.
	 	Rhode Island	 	Common	 	50,000	 	3,405

 

			
	*	 	As of the close of business on 3/27/2008

2

 

Schedule 7.1(p)

JONES APPAREL GROUP, INC.

SCHEDULE OF DEBT
AS
OF MAY 3, 2008

	 	 	 	 	 	 	 	 	 
	 	 	Interest Rate	 	 	Balance at 5/03	 
	 	 	 
	Jones Apparel Group USA, Inc.
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	4.25% Senior Notes due 2009
	 	 	4.250	%	 	$	249,929,070	 
	5.125%Senior Notes due 2014
	 	 	5.125	%	 	 	249,862,625	 
	6.125% Senior Notes due 2034
	 	 	6.125	%	 	 	249.610.713	 
	 
	 	 	 	 	 	 	 	 
	Total JAG USA Senior Notes
	 	 	 	 	 	$	749,402,408	 
	 
	 	 	 	 	 	 	 	 
	Capital Lease (Bristol 180 building)
	 	Various	 	$	4,784,346	 
	 
	 	 	 	 	 	 	 	 
	Jones Distribution Corporation
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Capital Lease (Virginia warehouse)
	 	Various	 	$	22,064,159	 
	 
	 	 	 	 	 	 	 	 
	Jones Management Service
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Capital Leases
	 	 	 	 	 	 	 	 
	Equipment
	 	Various	 	$	4,700,548	 

 

 

JONES APPAREL GROUP, INC.

SCHEDULE OF INTERCOMPANY DEBT

MAY 3, 2008

	 	 	 	 	 	 	 	 	 
	Jones Apparel Group USA, Inc.
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Due to Nine West
	 	$	1,415,180,394	 	 	 	 	 
	Due to Jones Canada
	 	 	325,850	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Due to Jones Jeanswear Group
	 	 	318,006,103	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Due to Jones Apparel Group Holdings
	 	 	533,098,024	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Due to Jones Holding, Inc.
	 	 	52,493,624	 	 	 	 	 
	Due to Apparel Testing Services, Inc.
	 	 	2,862,507	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	$	2,321,966,502	 
	Nine West Footwear Corporation
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Due to Jones Retail Corporation
	 	 	917,949,013	 	 	 	 	 
	Due to Jones Canada
	 	 	3,125	 	 	 	 	 
	Due to Nine West International — Italy
	 	 	690,585	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Due to Nine West Development
	 	 	349,972,061	 	 	 	 	 
	Due to Jones Management Service Co.
	 	 	114,369,798	 	 	 	 	 
	Due to Jones Apparel Group Holdings
	 	 	2,017,922	 	 	 	 	 
	Due to Jones Investment Co., Inc.
	 	 	952,038	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	1,385,954,542	 
	 
	 	 	 	 	 	 	 	 
	Jones Jeanswear Group, Inc.
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Due to Jones Apparel Group, Inc.
	 	 	35,744,933	 	 	 	 	 
	Due to Jones Management Service Co.
	 	 	99,086,111	 	 	 	 	 
	Due to Apparel Testing Services, Inc.
	 	 	560,423	 	 	 	 	 
	Due to Jones International Limited
	 	 	8,844,920	 	 	 	 	 
	Due to Nine West Development
	 	 	9,488,700	 	 	 	 	 
	 Due to Nine West Footwear Corporation
	 	 	10,766,931	 	 	 	 	 
	Due to Victoria + Co Limited
	 	 	2,047,584	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Due to Jones Retail Corporation
	 	 	17,382,389	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	183,921,991	 

2

 

	 	 	 	 	 	 	 	 	 

	Jones Retail Corporation
	 	 	 	 	 	 	 	 
	Due to Jones Apparel Group USA, Inc.
	 	 	112,752,041	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Due to Jones Apparel Group, Inc.
	 	 	26,166,579	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Due to Nine West Development
	 	 	27,701,113	 	 	 	 	 
	Due to Jones Management Service Co.
	 	 	48,250,543	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	214,870,276	 
	Jones Apparel Group Canada, Inc.
	 	 	 	 	 	 	 	 
	Due to Jones Holding, Inc.
	 	 	3,747,685	 	 	 	 	 
	Due to Jones Apparel Group, Inc.
	 	 	57,571	 	 	 	 	 
	Due to Jones International Limited
	 	 	3,980	 	 	 	 	 
	Due to Jones Management Service Co.
	 	 	518,157	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Due to Jones Jeanswear
	 	 	199,397,776	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	203,725,169	 
	Victoria + Co Limited
	 	 	 	 	 	 	 	 
	Due to Jones Apparel Group, Inc.
	 	 	3,564,401	 	 	 	 	 
	Due to Jones Retail Corporation
	 	 	351,797	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Due to Nine West Footwear Corp.
	 	 	10,473,969	 	 	 	 	 
	Due to Nine West Development
	 	 	6,431,964	 	 	 	 	 
	Due to Jones Management Service Co.
	 	 	50,505,169	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Due to Jones Investment Co., Inc.
	 	 	22,331,836	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	93,659,136	 
	Jones Investment Co., Inc.
	 	 	 	 	 	 	 	 
	Due to Jones Apparel Group USA, Inc.
	 	 	83,223,073	 	 	 	 	 
	Due to Jones Canada
	 	 	7,615	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Due to Jones Retail Corporation
	 	 	20,594,550	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Due to Jones Jeanswear
	 	 	31,467,373	 	 	 	 	 
	Due to Apparel Testing Services, Inc.
	 	 	130,000	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	135,422,611	 
	Jones Management Service Co.
	 	 	 	 	 	 	 	 
	Due to Jones Apparel Group USA, Inc.
	 	 	139,478,617	 	 	 	 	 
	 
	Due to Nine West Development
	 	 	100,370,736	 	 	 	 	 
	 
	Due to Jones Investment Co., Inc.
	 	 	142,386,500	 	 	 	 	 
	Due to Jones Apparel Group Holdings
	 	 	11,612,536	 	 	 	 	 
	Due to Jones International Limited

	 	 	1,055,386	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	394,903,775	 

3

 

	 	 	 	 	 	 	 	 	 

	Jones Apparel Group Holdings, Inc.
	 	 	 	 	 	 	 	 
	Due to Jones Apparel Group, Inc.
	 	 	7,894,371	 	 	 	 	 
	Due to Jones Retail Corporation
	 	 	2,366,940	 	 	 	 	 
	Due to Nine West Development
	 	 	585,345	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Due to Jones Investment Co., Inc.
	 	 	258,586,559	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	269,433,215	 
	Nine West Development Corp.
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Due to Jones Investment Co., Inc.
	 	 	17,065,526	 	 	 	 	 
	Due to Jones Apparel Group USA, Inc.
	 	 	80,436,972	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	97,502,498	 
	 
	 	 	 	 	 	 	 	 
	Nine West Accessories (HK) Limited
	 	 	 	 	 	 	 	 
	Due to Jones Apparel Group USA, Inc.
	 	 	2,890	 	 	 	 	 
	Due to Jones Retail Corporation
	 	 	36,326	 	 	 	 	 
	Due to Nine West Footwear Corp.
	 	 	2,252,066	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	2,291,282	 
	 
	 	 	 	 	 	 	 	 
	Nine West International — Italy
	 	 	 	 	 	 	 	 
	Due to Jones Apparel Group USA, Inc.
	 	 	13,213	 	 	 	 	 
	Due to Jones Retail Corporation
	 	 	148,189	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	161,402	 
	 
	 	 	 	 	 	 	 	 
	Jones International Limited
	 	 	 	 	 	 	 	 
	Due to Jones Apparel Group USA, Inc.
	 	 	988,076	 	 	 	 	 
	Due to Jones Apparel Group, Inc.
	 	 	243,344	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	1,231,420	 
	 
	 	 	 	 	 	 	 	 
	Jones Apparel Group, Inc.
	 	 	 	 	 	 	 	 
	Due to Jones Management Service Co.
	 	 	944,779	 	 	 	 	 
	Due to Jones Apparel Group USA, Inc.
	 	 	456,627,393	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	457,572,172	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	5,762,615,991	 
	 
	 	 	 	 	 	 	 

4

 

Schedule 7.1(q)

Litigation

 

 

Schedule 11.3

Existing Liens

	1.	 	Liens, if any, in respect of certain computer equipment, POS
equipment, warehouse equipment, copiers and other office equipment and
office furniture used by the Credit Parties and their Subsidiaries
which are subject to leases, which Liens, in the aggregate, do not have
a Material Adverse Effect.

	 
	2.	 	Liens, if any, in respect of the intellectual property acquired
pursuant to the acquisition by Nine West Group Inc. of the footwear
business of The United States Shoe Corporation, which Liens, in the
aggregate, do not have a Material Adverse Effect.

 

 

Schedule 11.4

JONES APPAREL GROUP, INC.

LOANS AND ADVANCES TO CONTRACTORS

AS OF MAY 3, 2008

	 	 	 	 	 

	TOTAL LOANS AND ADVANCES
TO CONTRACTORS
	 	 	 	 
	Jones Apparel Group USA, Inc.
	 	$	2,940,015	 
	Jones Jeanswear Group, Inc.
	 	 	220,780	 
	Jones Apparel Group Canada, LP
	 	 	3,166,508	 
	 
	 	 	 
	 
	 	 	 	 
	Total Loans and Advances to Contractors
	 	$	6,327,303	 

 

 

JONES APPAREL GROUP, INC.

LOANS AND ADVANCES TO EMPLOYEES

AS OF MAY 3, 2008

	 	 	 	 	 

	TOTAL LOANS AND ADVANCES
TO EMPLOYEES
	 	$	0	 
	 
	 	 	 

2

 

JONES APPAREL GROUP, INC.

INVESTMENTS

AS OF MAY 3, 2008

	 	 	 	 	 

	JONES INVESTMENT CO.
	 	$	1,111	 
	 
	 	 	 	 
	GLOBAL RETAIL/GRI
	 	 	 	 
	 
	 	 	 
	 
	 	 	 	 
	TOTAL INVESTMENTS (including overnight deposits)
	 	$	1,111	 
	 
	 	 	 

3

 

EXHIBIT A — FORM OF

REVOLVING CREDIT NOTE

          $           
                    
            
            
            
                   
                   
                     
                    
                   
        , 200_

          FOR VALUE RECEIVED, the undersigned JONES APPAREL GROUP USA, INC.,
a corporation organized under the laws of Delaware, (the
“Borrower”), JONES APPAREL GROUP, INC., a corporation organized
under the laws of Pennsylvania, JONES APPAREL GROUP HOLDINGS, INC., a
corporation organized under the laws of Delaware, JONES RETAIL
CORPORATION, a corporation organized under the laws of New Jersey, and
NINE WEST FOOTWEAR CORPORATION, a corporation organized under the laws
of Delaware (collectively, with the Borrower, the “Debtors”),
hereby jointly and severally promise to pay to
the order of                  
                   
    , (the “Lender”), at the place and times provided in the Credit
Agreement referred to below, the principal sum of           
                  
                  
      DOLLARS
($                  
                  
    ) or, if less, the aggregate unpaid principal amount of all Revolving Credit
Loans made to the Borrower by the Lender pursuant to that certain
Amended and Restated Five Year Credit Agreement dated as of June 15,
2004, amended and restated as of June 6, 2008 (as amended, restated,
supplemented or otherwise modified, the “Credit Agreement”) by
and among Jones Apparel Group USA, Inc., the Additional Obligors
referred to therein, the Lenders who are or may become a party thereto
(collectively, the “Lenders”), Citigroup Global Markets Inc. and
J.P. Morgan Securities Inc., as Joint Lead Arrangers and Joint
Bookrunners, Wachovia Bank, National Association, as Administrative
Agent, and Citibank, N.A. and JPMorgan Chase Bank, N.A., as Syndication
Agents, and Bank of America, N.A., Barclays Bank plc and SunTrust Bank,
as Documentation Agents. Capitalized terms used herein and not defined
herein shall have the meanings assigned thereto in the Credit Agreement.

          The unpaid principal amount of Revolving Credit Loans from time to
time outstanding is subject to mandatory repayment from time to time as
provided in the Credit Agreement and shall bear interest as provided in
Section 5.1 of the Credit Agreement. All payments of principal and
interest on Revolving Credit Loans shall be payable in lawful currency
of the United States of America in immediately available funds to the
account designated in the Credit Agreement.

          This Revolving Credit Note (the “Revolving Credit Note”) is
entitled to the benefits of, and evidences Obligations incurred under,
the Credit Agreement, to which reference is made for a statement of the
terms and conditions on which the Borrower is permitted and required to
make prepayments and repayments of principal of the Obligations
evidenced by this Revolving Credit Note and on which such Obligations
may be declared to be immediately due and payable.

          THIS REVOLVING CREDIT NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND
ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT
REGARD TO THE CONFLICTS OR CHOICE OF LAW PRINCIPLES THEREOF.

          The Debt evidenced by this Revolving Credit Note is senior in right
of payment to all Subordinated Debt referred to in the Credit Agreement.

          The Debtors hereby waive all requirements as to diligence,
presentment, demand
of payment, protest and (except as required by the Credit
Agreement) notice of any kind with
respect to this Revolving Credit Note.

 

 

          IN WITNESS WHEREOF, the undersigned have executed this Revolving Credit Note
under seal as of the day and year first above written.

	 	 	 	 	 
	 	JONES APPAREL GROUP USA, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	JONES APPAREL GROUP, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	JONES APPAREL GROUP HOLDINGS, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	JONES RETAIL CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	NINE WEST FOOTWEAR CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

2

 

	 	 	 	 	 

EXHIBIT B — FORM OF

NOTICE OF REVOLVING CREDIT BORROWING

NOTICE OF REVOLVING CREDIT BORROWING

Dated as of:
                                        

Wachovia Bank, National Association,

     as Administrative Agent

One First Union Center, TW-4

301 South College Street

Charlotte, North Carolina 28288-0608

Attention: Syndication Agency Services

Ladies and Gentlemen:

          This irrevocable Notice of Revolving Credit Borrowing is delivered to you
under Section 2.2(a) of the Amended and Restated Five Year Credit Agreement dated
as of June 15, 2004, amended and restated as of June 6, 2008 (as amended,
restated, supplemented or otherwise modified, the “Credit Agreement”), by
and among JONES APPAREL GROUP USA, INC., a Delaware corporation (the
“Borrower”), the Additional Obligors referred to therein, the lenders
party thereto (the “Lenders”), Citigroup Global Markets Inc. and J.P.
Morgan Securities Inc., as Joint Lead Arrangers and Joint Bookrunners, Wachovia
Bank, National Association, as Administrative Agent, and Citibank, N.A. and
JPMorgan Chase Bank, N.A., as Syndication Agents, and Bank of America, N.A.,
Barclays Bank plc and SunTrust Bank, as Documentation Agents.

          1. The Borrower hereby requests that the Lenders make a Revolving Credit
Loan to the Borrower in the aggregate principal amount of $                    . (Complete with an
amount in accordance with Section 2.2(a) of the Credit Agreement.)

          2. The Borrower hereby requests that such Revolving Credit Loan be made
on the following Business Day:
                                        
. (Complete with a Business Day in
accordance with Section 2.2(a) of the Credit Agreement).

          3. The Borrower hereby requests that the Revolving Credit Loan bear
interest at the following interest rate, plus the Applicable Margin, as
set forth below:

	 	 	 	 	 	 	 
	 	 	 	 	 	 	Termination Date for
	 	 	 	 	Interest Period	 	Interest Period (If
	Component of Loan	 	Interest Rate	 	(LIBOR Rate only)	 	applicable)
	 

	 	Base Rate or LIBOR	 	 	 	 
	 

	 	Rate	 	 	 	 

          4. The principal Dollar Amount of all Revolving Credit Loans and L/C
Obligations outstanding as of the date hereof (including the requested
Revolving Credit Loan)
does not exceed the maximum Dollar Amount permitted to be outstanding
pursuant to the terms
of the Credit Agreement.

 

 

          5. The Borrower hereby represents and warrants that the conditions
specified in Section 6.3 of the Credit Agreement have been satisfied or waived
as of the date hereof.

          6. Capitalized terms used herein and not defined herein shall have the
meanings assigned thereto in the Credit Agreement.

          IN WITNESS WHEREOF, the undersigned has executed this Notice of
Revolving Credit Borrowing as of the                day of
                    ,              .

	 	 	 	 	 
	 	JONES APPAREL GROUP USA, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

2

 

	 	 	 	 	 

EXHIBIT C — FORM OF NOTICE OF

ACCOUNT DESIGNATION

NOTICE OF ACCOUNT DESIGNATION

Dated as of:                     

Wachovia Bank, National Association,

     as Administrative Agent

One First Union Center, TW-4

301 South College Street

Charlotte, North Carolina 28288-0608

Attention: Syndication Agency Services

Ladies and Gentlemen:

          This Notice of Account Designation is delivered to you under Section 2.2(b)
of the Amended and Restated Five Year Credit Agreement dated as of June 15, 2004,
amended and restated as of June 6, 2008 (as amended, restated, supplemented or
otherwise modified, the “Credit Agreement”), by and among JONES APPAREL
GROUP USA, INC., a Delaware corporation (the “Borrower”), the Additional
Obligors referred to therein, the lenders party thereto (the “Lenders”),
Citigroup Global Markets Inc. and J.P. Morgan Securities Inc., as Joint Lead
Arrangers and Joint Bookrunners, Wachovia Bank, National Association, as
Administrative Agent (the “Administrative Agent”), and Citibank, N.A. and
JPMorgan Chase Bank, N.A., as Syndication Agents, and Bank of America, N.A.,
Barclays Bank plc and SunTrust Bank, as Documentation Agents.

          1. The Administrative Agent is hereby authorized to disburse all
Loan proceeds into the following account(s):

	 	 	 	 	 
	 	 	 
	 	  	
 	 
	 	 	ABA Routing
Number:                                   
     	 
	 	 	Account
Number:                                        
        	 
	 

          2. This authorization shall remain in effect until revoked or until a
subsequent Notice of Account Designation is provided by the Borrower to the
Administrative Agent.

          3. Capitalized terms used herein and not defined herein shall have the
meanings assigned thereto in the Credit Agreement.

          IN WITNESS WHEREOF, the undersigned has executed this Notice of Account
Designation as of the                day of                     ,
             .

	 	 	 	 	 
	 	JONES APPAREL GROUP USA, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

EXHIBIT D-FORM OF

NOTICE OF PREPAYMENT

NOTICE OF PREPAYMENT

Dated as of:
                                        

Wachovia Bank, National Association,

     as Administrative Agent

One First Union Center

301 South College Street, TW-4

Charlotte, North Carolina 28288-0608

Attention: Syndication Agency Services

Ladies and Gentlemen:

          This irrevocable Notice of Prepayment is delivered to you under Section
2.3(c) of the Amended and Restated Five Year Credit Agreement dated as of June 15,
2004, amended and restated as of June 6, 2008 (as amended, restated, supplemented
or otherwise modified, the “Credit Agreement”) by and among JONES APPAREL
GROUP USA, INC., a Delaware corporation (the “Borrower”), the Additional
Obligors referred to therein, the lenders party thereto (the “Lenders”),
Citigroup Global Markets Inc. and J.P. Morgan Securities Inc., as Joint Lead
Arrangers and Joint Bookrunners, Wachovia Bank, National Association, as
Administrative Agent, and Citibank, N.A. and JPMorgan Chase Bank,
N.A., as Syndication Agents, and Bank of America, N.A., Barclays Bank plc and
SunTrust Bank, as Documentation Agents.

          1. The Borrower hereby provides notice to the Administrative Agent that it
shall repay the following [Base Rate Loans] and/or [LIBOR Rate Loans]:
                                        
. (Complete with an amount in accordance with Section 2.3(c) of the Credit Agreement.)

          2. The Borrower shall repay the above-referenced Revolving Credit Loans
on the following Business Day:
                                        
. (Complete in accordance with Section 2.3(c)
of the Credit Agreement.)

          3. Capitalized terms used herein and not defined herein shall have the
meanings assigned thereto in the Credit Agreement.

          IN WITNESS WHEREOF, the undersigned has executed this Notice of
Prepayment as of the               day of                     ,
             .

	 	 	 	 	 
	 	JONES APPAREL GROUP USA, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

 

EXHIBIT E — FORM OF

NOTICE OF CONVERSION/CONTINUATION

NOTICE OF CONVERSION/CONTINUATION

Dated as of:                     

Wachovia Bank, National Association,

  as Administrative Agent

One First Union Center
 301
South College Street, TW-4

Charlotte, North Carolina 28288-0608

Attention: Syndication Agency Services

Ladies and Gentlemen:

          This irrevocable Notice of Conversion/Continuation (the “Notice”) is
delivered to you under Section 5.2 of the Amended and Restated Five Year Credit
Agreement dated as of June 15, 2004, amended and restated as of June 6, 2008 (as
amended, restated, supplemented or otherwise modified, the “Credit
Agreement”), by and among JONES APPAREL GROUP USA, INC., a Delaware
corporation (the “Borrower”), the Additional Obligors referred to therein,
the lenders party thereto (the “Lenders”), Citigroup Global Markets Inc.
and J.P. Morgan Securities Inc., as Joint Lead Arrangers and Joint Bookrunners,
Wachovia Bank, National Association, as Administrative Agent, and Citibank, N.A.
and JPMorgan Chase Bank, N.A., as Syndication Agents, and Bank of America, N.A.,
Barclays Bank plc and SunTrust Bank, as Documentation Agents.

          1. This Notice is submitted for the purpose of: (Check one and complete
applicable information in accordance with the Credit Agreement.)

          Converting all or a portion of a Base Rate Loan into a LIBOR Rate Loan

	 	(a)	 	The aggregate outstanding principal balance of
such Revolving Credit Loan is $                    .

	 	(b)	 	The principal amount of such Revolving Credit
Loan to be converted is $                    .

	 	(c)	 	The requested effective date of the conversion of such Revolving Credit Loan is                    .

	 	(d)	 	The requested Interest Period applicable to the converted Revolving Credit Loan is                    .

          Converting all or a portion of a LIBOR Rate Loan into a Base Rate Loan

	 	(a)	 	The aggregate outstanding principal balance of
such Revolving Credit Loan is $                    

	 	(b)	 	The last day of the current Interest Period for
such Revolving Credit Loan is                      .

 

 

	 	(c)	 	The principal amount of such Revolving Credit
Loan to be converted is $                    .

	 	(d)	 	The requested effective date of the
conversion of such Revolving Credit Loan is                     .

          Continuing all or a portion of a LIBOR Rate Loan as a LIBOR Rate Loan

	 	(a)	 	The aggregate outstanding principal balance of
such Revolving Credit Loan is $                    .

	 	(b)	 	The last day of the current Interest Period for
such Revolving Credit Loan is                     .

	 	(c)	 	The principal amount of such Revolving Credit Loan
to be continued is $                    .

	 	(d)	 	The requested effective date of the continuation
of such Revolving Credit Loan is                     .

	 	(e)	 	The requested Interest Period applicable
to the continued Revolving Credit Loan is                     .

          2. The principal Dollar Amount of all Revolving Credit Loans and L/C
Obligations outstanding as of the date hereof does not exceed the maximum
Dollar Amount permitted to be outstanding pursuant to the terms of the Credit
Agreement.

          3. The Borrower hereby represents and warrants that no Default or Event of
Default (as defined in the Credit Agreement) has occurred and is continuing.

          4. Capitalized terms used herein and not defined herein shall have the
meanings assigned thereto in the Credit Agreement.

          IN WITNESS WHEREOF, the undersigned has executed this Notice of
Conversion/ Continuation as of the
         day of                ,         .

	 	 	 	 	 
	 	JONES APPAREL GROUP USA, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

2

 

	 	 	 	 	 

EXHIBIT F-FORM OF

OFFICER’S COMPLIANCE CERTIFICATE

OFFICER’S COMPLIANCE CERTIFICATE

          The undersigned, on behalf of JONES APPAREL GROUP USA, INC. (the
“Borrower”), hereby certifies to the Administrative Agent and the Lenders,
each as defined in the Credit Agreement referred to below, as follows:

          1. This Certificate is delivered to you pursuant to Section 8.2 of the
Amended and Restated Five Year Credit Agreement dated as of June 15, 2004, amended
and restated as of June 6, 2008 (as amended, restated, supplemented or otherwise
modified, the “Credit Agreement”), by and among the Borrower, the
Additional Obligors referred to therein, the lenders party thereto (the
“Lenders”), Citigroup Global Markets Inc. and J.P. Morgan Securities Inc.,
as Joint Lead Arrangers and Joint Bookrunners, Wachovia Bank, National
Association, as Administrative Agent (the “Administrative Agent”), and
Citibank, N.A. and JPMorgan Chase Bank, N.A., as Syndication Agents, and Bank of
America, N.A., Barclays Bank plc and SunTrust Bank, as Documentation Agents.
Capitalized terms used herein and not defined herein shall have the meanings
assigned thereto in the Credit Agreement.

          2. I have reviewed the consolidated financial statements of Jones Apparel
Group, Inc. and its Subsidiaries dated as of                      and for the
                    
period[s] then ended and such statements present fairly in all material respects
the consolidated financial condition of Jones Apparel Group, Inc. and its
Subsidiaries as of their respective dates and the results of the consolidated
operations of Jones Apparel Group, Inc. and its Subsidiaries for the respective
period[s] then ended, subject to normal year end adjustments for interim
statements.

          3. I have reviewed the terms of the Credit Agreement, and the related Loan
Documents and have made, or caused to be made under my supervision, a review in
reasonable detail of the transactions and the condition of Jones Apparel Group,
Inc. and its Subsidiaries during the accounting period covered by the financial
statements referred to in Paragraph 2 above. Such review has not disclosed the
existence during or at the end of such accounting period of any condition or event
that constitutes a Default or an Event of Default, nor do I have any knowledge of
the existence of any such condition or event as at the date of this Certificate
[except, if such condition or event existed or exists, describe the nature and
period of existence thereof and what action the Borrower has taken, is taking and
proposes to take with respect thereto].

          4. The Applicable Margin and information as to the debt ratings necessary for
determining such figure are set forth on the attached Schedule 1.

          5. Jones Apparel Group, Inc. and its Subsidiaries are in compliance with the
financial covenants contained in Article X of the Credit Agreement as shown on
such Schedule 1.

 

 

     WITNESS the following signature as of the ___ day of _____, ___.

	 	 	 	 	 
	 	JONES APPAREL GROUP USA, INC.

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 

2

 

	 	 	 	 	 

Schedule 1

to

Officer’s Compliance Certificate

[To be provided by Borrower in form reasonably acceptable to the Administrative Agent]

 

 

EXHIBIT G — FORM OF

ASSIGNMENT AND ACCEPTANCE

ASSIGNMENT AND ACCEPTANCE

Dated as of:                     

     Reference
is made to the Amended and Restated Five-Year Credit Agreement
dated as of June 15, 2004, amended and restated as of June 6, 2008, as amended,
restated, supplemented or otherwise modified (the “Credit Agreement”) by
and among JONES APPAREL GROUP USA, INC., a Delaware corporation (the
“Borrower”), the Additional Obligors referred to therein, the lenders
party thereto (the “Lenders”), Citigroup Global Markets Inc. and J.P.
Morgan Securities Inc., as Joint Lead Arrangers and Joint Bookrunners, Wachovia
Bank, National Association, as Administrative Agent, and Citibank, N.A. and
JPMorgan Chase Bank, N.A., as Syndication Agents, and Bank of America, N.A.,
Barclays Bank plc and SunTrust Bank, as Documentation Agents. Capitalized terms
used herein which are not defined herein shall have the meanings assigned thereto
in the Credit Agreement.

            
                     
                     
       (the “Assignor”) and         
                     
                     
           (the
“Assignee”) agree as follows:

          1. The Assignor hereby sells and assigns to the Assignee, and the Assignee
hereby purchases and assumes from the Assignor, as of the Effective Date (as
defined below), a ___% interest in and to all of the Assignor’s interest, rights and obligations with respect to
its Revolving Credit Commitment and Revolving Credit Loans (including such percentage
of the outstanding L/C Obligations), which percentage represents not less than $5,000,000, unless such
percentage equals 100% of such Lender’s Revolving Credit Commitment, and the Assignor
thereby retains ___% of its interest therein.

          This Assignment and Acceptance is entered pursuant to, and authorized by,
Section 14.10 of the Credit Agreement.

          2. The Assignor (i) represents that, as of the date hereof, its Revolving
Credit Commitment Percentage (without giving effect to assignments thereof
which have not yet
become effective) under the Credit Agreement is ___% and the outstanding balances of its
Revolving Credit Loans (including its Revolving Credit Commitment Percentage of the
outstanding L/C Obligations) is $                    ; (ii) makes no representation or warranty and
assumes no responsibility with respect to any statements, warranties or
representations made in or in connection with the Credit Agreement or any other
Loan Document or the execution, legality, validity, enforceability, genuineness,
sufficiency or value of the Credit Agreement or any other instrument or document
furnished pursuant thereto, other than that the Assignor is the legal and
beneficial owner of the interest being assigned by it hereunder and that such
interest is free and clear of any adverse claim; (iii) makes no representation or
warranty and assumes no responsibility with respect to the financial condition of
the Borrower or its Subsidiaries or the performance or observance by the Borrower
or its Subsidiaries of any of their obligations under the Credit Agreement or any
other instrument or document furnished or executed pursuant thereto; and (iv) to
the extent it has received Revolving Credit Note(s) from the Borrower, attaches
the applicable Revolving Credit Note(s) delivered to it under the Credit Agreement
and requests that the Borrower exchange such Revolving Credit Note(s) for new
Revolving Credit Notes payable to each of the Assignor and the Assignee as
follows:

 

 

	 	 	 	 	 	 	 

	 

	 	Revolving Credit Note
	 	 	 	 
	 

	 	Payable to the Order of:
	 	Principal Amount of Note:	 	 
	 
	 	 	 	 	 	 
	 

	 	 

	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	 

	 	 

	 	 

          3. The Assignee (i) represents and warrants that it is legally authorized to
enter into this Assignment and Acceptance; (ii) confirms that it has received a
copy of the Credit Agreement, together with copies of the most recent financial
statements delivered pursuant to Section 8.1 thereof and such other documents and
information as it has deemed appropriate to make its own credit analysis and decision
to enter into this Assignment and Acceptance; (iii) agrees that it will, independently
and without reliance upon the Assignor or any other Lender or the Administrative Agent
and based on such documents and information as it shall deem appropriate at the time,
continue to make its own credit decisions in taking or not taking action under the
Credit Agreement; (iv) confirms that it is an Eligible Assignee; (v) appoints and
authorizes the Administrative Agent to take such action as agent on its behalf and to
exercise such powers under the Credit Agreement and the other Loan Documents as are
delegated to the Administrative Agent by the terms thereof, together with such powers
as are reasonably incidental thereto; (vi) agrees that it will perform in accordance
with their terms all the obligations which by the terms of the Credit Agreement and
the other Loan Documents are required to be performed by it as a Lender; (vii) agrees
to hold all confidential information in accordance with the provisions of Section
14.10(g) of the Credit Agreement; and (viii) includes herewith for the Administrative
Agent the forms required by Section 5.11(e) of the Credit Agreement (if not previously
delivered).

          4. The effective date for this Assignment and Acceptance shall be as set forth in
Section 1 of Schedule 1 hereto (the “Effective Date”), subject to the consents
referred to in the following sentence. Following the execution of this Assignment and
Acceptance, it will be delivered to the Administrative Agent for, to the extent
required by the Credit Agreement, consent by the Borrower and the Administrative Agent
and acceptance and recording in the Register.

          5. Upon such consents, acceptance and recording, from and after the Effective
Date, (i) the Assignee shall be a party to the Credit Agreement and the other Loan
Documents to which Lenders are parties and, to the extent provided in this Assignment
and Acceptance, have the rights and obligations of a Lender under each such agreement,
and (ii) the Assignor shall, to the extent provided in this Assignment and Acceptance,
relinquish its rights and be released from its obligations under the Credit Agreement
and the other Loan Documents.

          6. Upon such consents, acceptance and recording, from and after the Effective
Date, the Administrative Agent shall make all payments in respect of the interest
assigned hereby (including payments of principal, interest, fees and other amounts) to
the Assignee. The Assignor and Assignee shall make all appropriate adjustments in
payments for periods prior to the Effective Date or with respect to the making of this
assignment directly between themselves.

          7. THIS ASSIGNMENT AND ACCEPTANCE SHALL BE DEEMED TO BE A CONTRACT UNDER SEAL AND
SHALL BE GOVERNED BY AND CONSTRUED IN

2

 

ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO THE
CONFLICTS OR CHOICE OF LAW PRINCIPLES THEREOF.

3

 

     WITNESS the following signatures as of the ___ day of ___, ___.

	 	 	 	 	 
	 	ASSIGNOR:

 	 
	 	By:  	 	 
	 	Title: 	 	 
	 	 	 	 
	 
	 	ASSIGNEE:

 	 
	 	By:  	 	 
	 	Name: 	 	 
	 	Title: 	 	 
	 

Acknowledged and Consented to on behalf of the Credit Parties:

	 	 	 	 	 
	JONES APPAREL GROUP USA, INC.

 	 	 
	By:  	 	 	 
	Name: 	 	 
	Title: 	 	 	 
	 

Consented to and Accepted by:

WACHOVIA BANK, NATIONAL ASSOCIATION,

  as Administrative Agent

	 	 	 	 	 
	 	 	 
	By:  	 	 	 
	Name: 	 	 
	Title: 	 	 	 
	 

4

 

Schedule 1

to

Assignment and Acceptance

	 	 	 	 	 	 	 	 	 	 
	 	 	1.	 	 	Effective Date: _________________, _______	 	 
	 	 
	 	 	 	 	 	 	 	 
	 	 	2.	 	 	Assignor’s Interest 

Prior to Assignment:	 	 
	 	 
	 	 	 	 	 	 	 	 
	 	 

	 	 	 	(a)
	 	Revolving Credit Commitment Percentage	 	 
	 	%
	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 
	 	 

	 	 	 	(b)
	 	Outstanding balance of Revolving Credit Loans	 	 
	 	$
	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 
	 	 

	 	 	 	(c)
	 	Outstanding balance of Assignor’s Revolving 

Credit Commitment Percentage of the 

L/C Obligations	 	 
	 	$
	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 
	 	 	3.	 	 	Assigned Interest (from Section 1) of:	 	 
	 	 

	 	 	 	(a)
	 	Revolving Credit Loans	 	 
	 	%
	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 
	 	 	4.	 	 	Assignee’s Extensions of Credit 

After Effective Date:	 	 
	 	 
	 	 	 	 	 	 	 	 
	 	 

	 	 	 	(a)
	 	Total outstanding balance of 

Assignee’s Revolving Credit Loans 

(line 2(b) times line 3(a))	 	 
	 	$
	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 
	 	 

	 	 	 	(b)
	 	Total outstanding balance of 

Assignee’s Revolving Credit 

Commitment Percentage 
of the L/C Obligations 
(line 2(c) times line 3(a))	 	 
	 	$
	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 
	 	 	5.	 	 	Retained Interest of Assignor after

 Effective Date:	 	 
	 	 
	 	 	 	 	 	 	 	 
	 	 

	 	 	 	(a)
	 	Retained Interest (from Section 1):

(i) Revolving Credit Commitment Percentage	 	 
	 	%
	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 
	 	 

	 	 	 	(b)
	 	Outstanding balance of Assignor’s Revolving Credit Loans 

(line 2(b) times line 5(a)(i))	 	 
	 	$
	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 
	 	 

	 	 	 	(c)
	 	Outstanding balance of Assignor’s	 	 
	 	 	 

	 	 	 	 	Revolving Credit Commitment
Percentage of L/C Obligations
(line 2(c) times line 5(a)(i))	 	 
	 	$
	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 

 

 

	 	 	 	 	 	 	 	 	 

	 	 	 	6.	 	 	Payment Instructions:
	 	 
	 	 	 	 	 	 	 
	 	 

	 	 	 	 	(a)
	 	If payable to Assignor, 

to the account of Assignor to:

ABA No.:

Account Name:

Account No.

Attn:

Ref:
	 	 
	 	 	 	 	 	 	 
	 	 

	 	 	 	 	(b)
	 	If payable to Assignee, to the account

of Assignee to:
	 	 
	 	 	 	 	 	 	 
	 	 

	 	 	 	 	 	 	ABA No.:
	 	 

	 	 	 	 	 	 	Account Name: 

Account No.: 

Attn: 

Ref:

2exv10w6

Exhibit 10.6

$750,000,000

AMENDED AND RESTATED FIVE-YEAR CREDIT AGREEMENT

dated as of May 16, 2005,

by and among

JONES APPAREL GROUP USA, INC.,

the Additional Obligors referred to herein,

the Lenders referred to herein,

J.P. MORGAN SECURITIES INC. and CITIGROUP GLOBAL MARKETS INC.,

as Co-Lead Arrangers

and Joint Bookrunners,

WACHOVIA BANK, NATIONAL ASSOCIATION,

as Administrative Agent,

and

JPMORGAN CHASE BANK, N.A. and CITIBANK, N.A.,

as Syndication Agents,

and

BANK OF AMERICA, N.A., BARCLAYS BANK PLC and SUNTRUST BANK

as Documentation Agents

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	ARTICLE I DEFINITIONS
	 	 	1	 
	 
	SECTION 1.1. Definitions
	 	 	1	 
	 
	SECTION 1.2. General
	 	 	15	 
	 
	SECTION 1.3. Other Definitions and Provisions
	 	 	16	 
	 
	ARTICLE II REVOLVING CREDIT FACILITY
	 	 	17	 
	 
	SECTION 2.1. Revolving Credit Loans
	 	 	17	 
	 
	SECTION 2.2. Procedure for Advances of Revolving Credit Loans
	 	 	17	 
	 
	SECTION 2.3. Repayment of Revolving Credit Loans
	 	 	18	 
	 
	SECTION 2.4. Evidence of Debt
	 	 	18	 
	 
	SECTION 2.5. Permanent Reduction of the Revolving Credit
Commitment
	 	 	19	 
	 
	SECTION 2.6. Termination of Revolving Credit Facility
	 	 	19	 
	 
	SECTION 2.7. Increase in the Aggregate Revolving Credit
Commitments
	 	 	19	 
	 
	ARTICLE III LETTER OF CREDIT FACILITY
	 	 	21	 
	 
	SECTION 3.1. L/C Commitment
	 	 	21	 
	 
	SECTION 3.2. Procedure for Issuance of Letters of Credit
	 	 	21	 
	 
	SECTION 3.3. Fees and Other Charges
	 	 	22	 
	 
	SECTION 3.4. L/C Participations
	 	 	22	 
	 
	SECTION 3.5. Reimbursement
	 	 	23	 
	 
	SECTION 3.6. Obligations Absolute
	 	 	25	 
	 
	SECTION 3.7 Effect of Application
	 	 	25	 
	 
	ARTICLE IV COMPETITIVE BID FACILITY
	 	 	25	 
	 
	SECTION 4.1. Bidding Procedure
	 	 	25	 
	 
	SECTION 4.2. Minimum Amounts
	 	 	28	 

i

 

	 	 	 	 	 

	SECTION 4.3. Bidding Availability
	 	 	28	 
	 
	SECTION 4.4. Repayment of Competitive Bid Loans
	 	 	28	 
	 
	SECTION 4.5. Interest on Competitive Bid Loans
	 	 	29	 
	 
	SECTION 4.6. Competitive Bid Notes
	 	 	29	 
	 
	ARTICLE V GENERAL LOAN PROVISIONS
	 	 	29	 
	 
	SECTION 5.1. Interest
	 	 	29	 
	 
	SECTION 5.2. Notice and Manner of Conversion or Continuation
of Revolving Credit Loans
	 	 	31	 
	 
	SECTION 5.3. Fees
	 	 	31	 
	 
	SECTION 5.4. Manner of Payment
	 	 	32	 
	 
	SECTION 5.5. Crediting of Payments and Proceeds
	 	 	32	 
	 
	SECTION 5.6. Adjustments
	 	 	32	 
	 
	SECTION 5.7. Nature of Obligations of Lenders Regarding
Extensions of Credit; Assumption by the Administrative Agent
	 	 	33	 
	 
	SECTION 5.8. Joint and Several Liability of the Credit Parties
	 	 	33	 
	 
	SECTION 5.9. Changed Circumstances
	 	 	35	 
	 
	SECTION 5.10. Indemnity
	 	 	37	 
	 
	SECTION 5.11. Capital Requirements
	 	 	38	 
	 
	SECTION 5.12. Taxes
	 	 	38	 
	 
	ARTICLE VI CLOSING; CONDITIONS OF CLOSING AND BORROWING
	 	 	40	 
	 
	SECTION 6.1. Closing
	 	 	40	 
	 
	SECTION 6.2. Conditions to Closing and Initial Revolving
Credit Loans and Letters of Credit
	 	 	40	 
	 
	SECTION 6.3. Conditions to Extensions of Credit
	 	 	42	 
	 
	SECTION 6.4. Conditions Precedent to Each Competitive Bid
Borrowing
	 	 	42	 
	 
	ARTICLE VII REPRESENTATIONS AND WARRANTIES OF THE CREDIT PARTIES
	 	 	43	 
	 
	SECTION 7.1. Representations and Warranties
	 	 	43	 
	 
	SECTION 7.2. Survival of Representations and Warranties, Etc.
	 	 	48	 

ii

 

	 	 	 	 	 

	ARTICLE VIII FINANCIAL INFORMATION AND NOTICES
	 	 	48	 
	 
	SECTION 8.1. Financial Statements and Projections
	 	 	49	 
	 
	SECTION 8.2. Officer’s Compliance Certificate
	 	 	49	 
	 
	SECTION 8.3. Accountants’ Certificate
	 	 	49	 
	 
	SECTION 8.4. Other Reports
	 	 	49	 
	 
	SECTION 8.5. Notice of Litigation and Other Matters
	 	 	50	 
	 
	SECTION 8.6. Accuracy of Information
	 	 	50	 
	 
	ARTICLE IX AFFIRMATIVE COVENANTS
	 	 	50	 
	 
	SECTION 9.1. Preservation of Corporate Existence and Related Matters
	 	 	51	 
	 
	SECTION 9.2. Maintenance of Property
	 	 	51	 
	 
	SECTION 9.3. Insurance
	 	 	51	 
	 
	SECTION 9.4. Accounting Methods and Financial Records
	 	 	51	 
	 
	SECTION 9.5. Payment and Performance of Obligations
	 	 	51	 
	 
	SECTION 9.6. Compliance With Laws and Approvals
	 	 	51	 
	 
	SECTION 9.7. Environmental Laws
	 	 	51	 
	 
	SECTION 9.8. Compliance with ERISA
	 	 	52	 
	 
	SECTION 9.9. Conduct of Business
	 	 	52	 
	 
	SECTION 9.10. Visits and Inspections
	 	 	52	 
	 
	SECTION 9.11. Use of Proceeds
	 	 	52	 
	 
	ARTICLE X FINANCIAL COVENANTS
	 	 	52	 
	 
	SECTION 10.1. Interest Coverage Ratio
	 	 	53	 
	 
	SECTION 10.2. Minimum Net Worth
	 	 	53	 
	 
	ARTICLE XI NEGATIVE COVENANTS
	 	 	53	 
	 
	SECTION 11.1. Limitations on Debt and Guaranty Obligations
	 	 	53	 
	 
	SECTION 11.2. [Reserved]
	 	 	54	 
	 
	SECTION 11.3. Limitations on Liens
	 	 	55	 

iii

 

	 	 	 	 	 

	SECTION 11.4. Limitations on Loans, Advances, Investments and
Acquisitions
	 	 	56	 
	 
	SECTION 11.5. Limitations on Mergers and Liquidation
	 	 	57	 
	 
	SECTION 11.6. Limitations on Sale or Transfer of Assets
	 	 	58	 
	 
	SECTION 11.7. Limitations on Dividends and Distributions
	 	 	58	 
	 
	SECTION 11.8. Transactions with Affiliates
	 	 	58	 
	 
	SECTION 11.9. Changes in Fiscal Year End
	 	 	59	 
	 
	SECTION 11.10. Amendments; Payments and Prepayments of Material
Debt and Subordinated Debt
	 	 	59	 
	 
	ARTICLE XII DEFAULT AND REMEDIES
	 	 	59	 
	 
	SECTION 12.1. Events of Default
	 	 	59	 
	 
	SECTION 12.2. Remedies
	 	 	61	 
	 
	SECTION 12.3. Rights and Remedies Cumulative; Non-Waiver; Etc.
	 	 	62	 
	 
	ARTICLE XIII THE ADMINISTRATIVE AGENT
	 	 	62	 
	 
	SECTION 13.1. Appointment
	 	 	62	 
	 
	SECTION 13.2. Delegation of Duties
	 	 	62	 
	 
	SECTION 13.3. Exculpatory Provisions
	 	 	62	 
	 
	SECTION 13.4. Reliance by the Administrative Agent
	 	 	63	 
	 
	SECTION 13.5. Notice of Default
	 	 	63	 
	 
	SECTION 13.6. Non-Reliance on the Administrative Agent and Other
Lenders
	 	 	64	 
	 
	SECTION 13.7. Indemnification
	 	 	64	 
	 
	SECTION 13.8. The Administrative Agent in Its Individual Capacity
	 	 	64	 
	 
	SECTION 13.9. Resignation of the Administrative Agent; Successor
Administrative Agent
	 	 	65	 
	 
	SECTION 13.10. Syndication and Documentation Agents
	 	 	65	 
	 
	ARTICLE XIV MISCELLANEOUS
	 	 	65	 
	 
	SECTION 14.1. Notices
	 	 	65	 
	 
	SECTION 14.2. Expenses; Indemnity
	 	 	66	 
	 
	SECTION 14.3. Set-off
	 	 	67	 

iv

 

	 	 	 	 	 

	SECTION 14.4. Governing Law
	 	 	67	 
	 
	SECTION 14.5. Consent to Jurisdiction
	 	 	67	 
	 
	SECTION 14.6. Waiver of Jury Trial
	 	 	67	 
	 
	SECTION 14.7. Reversal of Payments
	 	 	67	 
	 
	SECTION 14.8. Injunctive Relief; Punitive Damages
	 	 	68	 
	 
	SECTION 14.9. Accounting Matters
	 	 	68	 
	 
	SECTION 14.10. Successors and Assigns; Participations
	 	 	68	 
	 
	SECTION 14.11. Amendments, Waivers and Consents
	 	 	72	 
	 
	SECTION 14.12. Performance of Duties
	 	 	74	 
	 
	SECTION 14.13. All Powers Coupled with Interest
	 	 	74	 
	 
	SECTION 14.14. Survival of Indemnities
	 	 	74	 
	 
	SECTION 14.15. Titles and Captions
	 	 	74	 
	 
	SECTION 14.16. Severability of Provisions
	 	 	74	 
	 
	SECTION 14.17. Counterparts
	 	 	74	 
	 
	SECTION 14.18. Term of Agreement
	 	 	74	 
	 
	SECTION 14.19. Inconsistencies with Other Documents; Independent
Effect of Covenants
	 	 	74	 
	 
	SECTION 14.20. Patriot Act
	 	 	74	 
	 
	SECTION 14.21. Ratings of Loans
	 	 	75	 
	 
	SECTION 14.22. Consent Under Five-Year Credit Agreement
	 	 	75	 
	 
	Exhibits
	 	 	 	 
	 
	Exhibit A— 1 — Form of Revolving Credit Note
	 	 	 	 
	 
	Exhibit A— 2 — Form of Competitive Bid Note
	 	 	 	 
	 
	Exhibit B—1 — Form of Notice of Revolving Credit Borrowing
	 	 	 	 
	 
	Exhibit B—2 — Form of Notice of Competitive Bid Borrowing
	 	 	 	 
	 
	Exhibit C — Form of Notice of Account Designation
	 	 	 	 
	 
	Exhibit D — Form of Notice of Prepayment
	 	 	 	 

v

 

	 

	Exhibit E — Form of Notice of Conversion/Continuation

	 
	Exhibit F — Form of Officer’s Compliance Certificate

	 
	Exhibit G — Form of Assignment and Acceptance

	 
	Schedules

	 
	Schedule 1.1(a) — Lenders and Revolving Credit Commitments

	 
	Schedule 1.1(b) — Outstanding Letters of Credit

	 
	Schedule 7.1(b) — Subsidiaries and Capitalization

	 
	Schedule 7.1(n) — Material Adverse Change

	 
	Schedule 7.1(p) — Debt and Guaranty Obligations

	 
	Schedule 7.1(q) — Litigation

	 
	Schedule 11.3 — Existing Liens

	 
	Schedule 11.4 — Existing Loans, Advances and Investments

vi

 

AMENDED AND RESTATED FIVE-YEAR CREDIT AGREEMENT

Dated as of May 16, 2005

          JONES APPAREL GROUP USA, INC., a Pennsylvania corporation, the Additional Obligors (as
defined below), the Lenders who are or may become a party to this Agreement, J.P. MORGAN SECURITIES
INC. and CITIGROUP GLOBAL MARKETS INC., as Co-Lead Arrangers and Joint Bookrunners, WACHOVIA BANK,
NATIONAL ASSOCIATION, as Administrative Agent for the Lenders, JPMORGAN CHASE BANK, N.A. and
CITIBANK, N.A., as Syndication Agents, and BANK OF AMERICA, N.A., BARCLAYS BANK PLC and SUNTRUST
BANK, as Documentation Agents, agree as follows:

          PRELIMINARY STATEMENT. The Borrower, the Additional Obligors, the lenders parties
thereto and Wachovia Bank, National Association, as administrative agent, are parties to a
Three-Year Credit Agreement dated as of June 10, 2003 (the “ Prior Credit Agreement”). The
Borrower, the Additional Obligors, the parties hereto and Wachovia Bank, National Association, as
Administrative Agent, desire to amend the Prior Credit Agreement as herein set forth and to restate
it in its entirety giving effect to such amendment.

          NOW THEREFORE, the parties hereto agree that, subject to the conditions set forth in
Section 6.2, the Prior Credit Agreement is hereby amended and restated to read in its entirety as
follows:

ARTICLE I DEFINITIONS

SECTION 1.1. Definitions. The following terms when used in this Agreement shall have the
meanings assigned to them below:

     “Additional Debt Securities” shall have the meaning assigned thereto in Section
11.1(f).

     “Additional Obligors” means the collective reference to Jones Apparel Group, Jones
Apparel Group Holdings, Kasper, Ltd., Nine West Footwear and Jones Retail in their capacities as
co-obligors under this Agreement.

     “Administrative Agent” means Wachovia in its capacity as Administrative Agent
hereunder, and any successor thereto appointed pursuant to Section 13.9.

     “Administrative Agent’s Office” means the office of the Administrative Agent
specified in or determined in accordance with the provisions of Section 14.1(c).

     “Affiliate” means, with respect to any Person, any other Person (other than a
Subsidiary) which directly or indirectly through one or more intermediaries, controls, or is
controlled by, or is under common control with, such first Person or any of its Subsidiaries. The
term “ control” means the possession, directly or indirectly, of the power to direct or
cause the direction of the management and policies of a Person, whether through ownership of voting
securities, by contract or otherwise.

     “Agreement” means this Amended and Restated Five-Year Credit Agreement, as
amended, restated, supplemented or otherwise modified from time to time.

 

 

     “Alternative Currency” means (a) Pounds Sterling, (b) the euro or (c) any other
lawful currency (other than Dollars) acceptable to the Issuing Lenders which, in the case of this
clause (c), is freely transferable
and convertible into Dollars in the United States currency market and is freely available to all
Issuing Lenders in the London interbank deposit market.

     “Alternative Currency L/C Commitment” means the lesser of (a) One Hundred Million
Dollars ($100,000,000) and (b) the L/C Commitment.

     “Applicable Law” means all applicable provisions of constitutions, laws, statutes,
ordinances, rules, treaties, regulations, permits, licenses, approvals, interpretations and orders
of courts or Governmental Authorities and all orders and decrees of all courts and arbitrators.

     “Applicable Margin” means, for purposes of calculating (a) the Base Rate and LIBOR
Rate for purposes of Section 5.1(a), (b) the L/C Fee for purposes of Section 3.3(a) or (c) the
Facility Fee for purposes of Section 5.3(a), the corresponding rate set forth below for the
applicable rating of the senior, unsecured, long-term debt of the Credit Parties, on a collective
basis (the “ Debt Rating”) publicly announced by Standard & Poor’s, a division of The
McGraw-Hill Companies (“ S&P”), and Moody’s Investors Service, Inc. (“ Moody’s”) as
follows:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Applicable Margin Per Annum
	Level	 	S&P Rating	 	Moody’s Rating	 	LIBOR Rate	 	Base Rate	 	Trade L/C Fee	 	Standby L/C Fee	 	Facility Fee
	I

	 	>=A-
	 	>=A3
	 	 	0.320	%	 	 	0.000	%	 	 	0.125	%	 	 	0.320	%	 	 	0.080	%
	II

	 	>=BBB+
	 	>=Baa1
	 	 	0.400	%	 	 	0.000	%	 	 	0.150	%	 	 	0.400	%	 	 	0.100	%
	III

	 	>=BBB
	 	>=Baa2
	 	 	0.500	%	 	 	0.000	%	 	 	0.200	%	 	 	0.500	%	 	 	0.125	%
	IV

	 	>=BBB-
	 	>=Baa3
	 	 	0.725	%	 	 	0.000	%	 	 	0.250	%	 	 	0.725	%	 	 	0.150	%
	V

	 	<=BB+
	 	<=Ba1
	 	 	0.925	%	 	 	0.000	%	 	 	0.300	%	 	 	0.925	%	 	 	0.200	%

provided, that if both Moody’s and S&P shall not have in effect a Debt Rating (other than by reason
of the circumstances referred to in the last sentence of this definition), then such Debt Rating
shall be deemed to be Level V. In the event that the corresponding Debt Ratings publicly announced
by S&P and Moody’s listed above differ by (a) one pricing level, the Applicable Margin shall be
based on the higher of the two ratings, and (b) two or more pricing levels, the Applicable Margin
shall be based on the rating one rating below the higher of the two ratings. Any change in the
Applicable Margin shall be effective as of the Business Day on which the applicable rating is
announced or is publicly available. If the rating system of S&P and Moody’s shall change, or if
both of such rating agencies shall cease to be in the business of rating corporate debt
obligations, the Borrower and the Lenders shall negotiate in good faith to amend this definition to
reflect such changed rating system or the unavailability of ratings from such rating agencies and,
pending the effectiveness of any such amendment, the Applicable Margin

2

 

shall be determined by reference to the rating most recently in effect prior to such change or
cessation.

     “Application” means an application, in the form specified by any Issuing Lender
from time to time, requesting such Issuing Lender to issue a Letter of Credit.

     “Assignment and Acceptance” shall have the meaning assigned thereto in Section
14.10(b)(ii).

     “Assuming Lender” has the meaning specified in Section 2.7(d).

     “Assumption Agreement” has the meaning specified in Section 2.7(d)(ii).

     “Base Rate” means, at any time, the higher of (a) the Prime Rate and (b) the sum
of (i) the Federal Funds Rate plus (ii) 1/2 of 1%; each change in the Base Rate shall take effect
simultaneously with the corresponding change or changes in the Prime Rate or the Federal Funds
Rate.

     “Base Rate Loan” means any Revolving Credit Loan bearing interest at a rate based
upon the Base Rate as provided in Section 5.1(a).

     “Borrower” means Jones Apparel Group USA, Inc.

     “Business Day” means (a) any day other than a Saturday, Sunday or legal holiday on
which banks in Charlotte, North Carolina, Philadelphia, Pennsylvania and New York, New York, are
not authorized or required by law to remain closed for the conduct of their commercial banking
business, (b) with respect to all notices and determinations in connection with, and payments of
principal and interest on, any LIBOR Rate Loan, the term “ Business Day” shall also exclude
any day on which banks are not open for trading in Dollar deposits in the London interbank market,
(c) with respect to all notices and determinations in connection with, and payment of principal and
interest on, any L/C Obligation denominated in an Alternative Currency, the term “ Business
Day” shall also exclude any day on which banks in London do not provide quotations for deposits
denominated in such Alternative Currency and (d) with respect to all notices and determinations in
connection with, and payment of principal and interest on, any Competitive Bid Loan denominated in
an Alternative Currency and bearing interest at the Floating Rate, the term “ Business Day”
shall also exclude any day on which banks in London do not provide quotations for deposits
denominated in such Alternative Currency.

     “Capital Lease” means, with respect to the Credit Parties and their Subsidiaries,
any lease of any property that should, in accordance with GAAP, be classified and accounted for as
a capital lease on a Consolidated balance sheet of the Credit Parties and their Subsidiaries.

     “Change in Control” shall have the meaning assigned thereto in Section 12.1(h).

     “Closing Date” means the date of this Agreement or such later Business Day upon
which each condition described in Section 6.2 shall be satisfied or waived in all respects.

3

 

     “Code” means the Internal Revenue Code of 1986, and the rules and regulations
thereunder, each as amended, supplemented or otherwise modified from time to time.

     “Commitment Date” has the meaning specified in Section 2.7(b).

     “Commitment Increase” has the meaning specified in Section 2.7(a).

     “Competitive Bid Borrowing” means a borrowing consisting of simultaneous
Competitive Bid Loans from each of the Lenders whose offer to make one or more Competitive Bid
Loans as part of such borrowing has been accepted under the competitive bidding procedure described
in Article IV.

     “Competitive Bid Loan” means an advance by a Lender to the Borrower as part of a
Competitive Bid Borrowing resulting from the competitive bidding procedure described in Article IV
and refers to a Fixed Rate Loan or a Floating Rate Loan.

     “Competitive Bid Note” means a promissory note of the Borrower payable to the
order of any Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness
of the Borrower to such Lender resulting from a Competitive Bid Loan made by such Lender.

     “Consolidated” means, when used with reference to financial statements or
financial statement items of the Credit Parties and their Subsidiaries, such statements or items on
a consolidated basis in accordance with applicable principles of consolidation under GAAP.

     “Correspondent” means any financial institution designated by an Issuing Lender to
act as such Issuing Lender’s correspondent hereunder with respect to the distribution and payment
of Letters of Credit denominated in an Alternative Currency.

     “Credit Facility” means the collective reference to the Revolving Credit Facility
and the L/C Facility.

     “Credit Parties” means each of the Additional Obligors and the Borrower.

     “Debt” means, with respect to the Credit Parties and their Subsidiaries at any
date and without duplication, the sum of the following calculated in accordance with GAAP: (a) all
liabilities, obligations and indebtedness, in each case for borrowed money including but not
limited to obligations evidenced by bonds, debentures, notes or other similar instruments of any
such Person, (b) all obligations to pay the deferred purchase price of property or services of any
such Person, except trade payables arising in the ordinary course of business, (c) all obligations
of any such Person as lessee under Capital Leases, (d) all Debt of any other Person secured by a
Lien on any asset of any such Person, (e) all Guaranty Obligations of any such Person, (f) all
obligations, contingent or otherwise, of any such Person relative to the amount of drawn letters of
credit not reimbursed as required by the terms thereof, including without limitation any
Reimbursement Obligation not reimbursed as required by the terms hereof, and banker’s acceptances
issued for the account of any such Person, and (g) all net obligations incurred by any such Person
pursuant to Hedging Agreements.

4

 

     “Default” means any of the events specified in Section 12.1 which with the passage
of time, the giving of notice or any other condition, would constitute an Event of Default.

     “Dispute” shall have the meaning assigned thereto in Section 14.6.

     “Dollar Amount” shall mean (a) with regard to any Obligation denominated in
Dollars, the amount thereof and (b) with regard to any Obligation denominated in an Alternative
Currency, the amount of Dollars which is equivalent to the sum of (i) the amount so expressed in an
Alternative Currency at the applicable-quoted spot rate on the appropriate page of the Reuter’s
Screen as determined by the Administrative Agent at the relevant time; plus (ii) any amounts owed
by the Borrower pursuant to Section 3.5(b).

     “Dollars” or “ $” means, unless otherwise qualified, dollars in lawful
currency of the United States.

     “EBITDAR” means, with respect to the Credit Parties and their Subsidiaries on a
Consolidated basis for any period, the sum of (a) Net Income for such period, plus (b) the sum of
the following to the extent deducted in the determination of Net Income: (i) income and franchise
taxes, (ii) Interest Expense, (iii) amortization, depreciation, extraordinary non-cash losses and
any other non-cash charges (including amortization or write-off of goodwill, transaction expenses,
covenants not to compete and other intangible assets, and non-cash charges resulting from purchase
accounting related to any acquisition otherwise
permitted pursuant to the terms of this Agreement) and (iv) Rental Expense less (c) any items of
extraordinary gain which were included in determining Net Income.

     “Eligible Assignee” means, with respect to any assignment of the rights, interest
and obligations of a Lender hereunder, a Person that is at the time of such assignment (a) a
commercial bank organized under the laws of the United States or any state thereof, having combined
capital and surplus in excess of $500,000,000, (b) a commercial bank organized under the laws of
any other country that is a member of the Organization of Economic Cooperation and Development, or
a political subdivision of any such country, having combined capital and surplus in excess of
$500,000,000, (c) a finance company, insurance company or other financial institution which in the
ordinary course of business extends credit of the type extended hereunder and that has total assets
in excess of $1,000,000,000, (d) already a Lender hereunder (whether as an original party to this
Agreement or as the assignee of another Lender) or an Affiliate of a Lender hereunder, (e) the
successor (whether by transfer of assets, merger or otherwise) to all or substantially all of the
commercial lending business of the assigning Lender, (f) any SPC solely to the extent permitted by
Section 14.10(h), or (g) any other Person that has been approved in writing as an Eligible Assignee
by the Borrower and the Administrative Agent.

     “Employee Benefit Plan” means any employee benefit plan within the meaning of
Section 3(3) of ERISA which (a) is maintained for employees of the Borrower or any ERISA Affiliate
or (b) has at any time within the preceding six (6) years been maintained for the employees of the
Borrower or any current or former ERISA Affiliate.

     “EMU” mean economic and monetary union as contemplated in the Treaty on European
Union.

5

 

     “Environmental Laws” means any and all federal, state and local laws, statutes,
ordinances, rules, regulations, permits, licenses, approvals, binding interpretations and orders of
courts or Governmental Authorities, relating to the protection of human health or the environment,
including, but not limited to, requirements pertaining to the manufacture, processing,
distribution, use, treatment, storage, disposal, transportation, handling, reporting, licensing,
permitting, investigation or remediation of Hazardous Materials.

     “ERISA” means the Employee Retirement Income Security Act of 1974, and the rules
and regulations thereunder, each as amended, supplemented or otherwise modified from time to time.

     “ERISA Affiliate” means any Person who together with the Borrower is treated as a
single employer within the meaning of Section 414(b), (c), (m) or (o) of the Code or Section
4001(b) of ERISA.

     “EURIBO Rate” means the rate appearing on Page 248 of the Moneyline Telerate
Service (or on any successor or substitute page of such Service, or any successor to or substitute
for such Service, providing rate quotations comparable to those currently provided on such page of
such Service, as determined by the Administrative Agent from time to time for purposes of providing
quotations of interest rates applicable to deposits in euro by reference to the Banking Federation
of the European Union Settlement Rates for deposits in euro) at approximately 10:00 a.m., London
time, two Business Days prior to the commencement of such Interest Period, as the rate for deposits
in euro with a maturity comparable to such Interest Period or, if for any reason such rate is not
available, the average (rounded upward to the nearest whole multiple of 1/100 of 1% per annum, if
such average is not such a multiple) of the respective rates per annum at which deposits in euros
are offered by the Reference Group in London, England to prime banks in the London interbank market
at 11:00 A.M. (London time) two Business Days before the first day of such Interest Period in an
amount substantially equal to the amount of the applicable Competitive Bid Loan.

     “euro” means the single currency of the European Union as constituted by the
Treaty on European Union and as referred to in the legislative measures of the European Union for
the introduction of, changeover to or operation of the euro in one or more member states.

     “Eurodollar Reserve Percentage” means, for any day, the percentage (expressed as a
decimal and rounded upwards, if necessary, to the next higher 1/100th of 1%) which is in effect for
such day as prescribed by the Federal Reserve Board (or any successor) for determining the maximum
reserve requirement (including without limitation any basic, supplemental or emergency reserves) in
respect of eurocurrency liabilities or any similar category of liabilities for a member bank of the
Federal Reserve System in New York City.

     “Event of Default” means any of the events specified in Section 12.1, provided
that any requirement for passage of time, giving of notice, or any other condition, has been
satisfied.

6

 

     “Existing Debt Securities” means the 8 3/8% Series B Senior Notes due 2005, the
7.875% Senior Notes due 2006, the 4.250% Senior Notes due 2009, the 5.125% Senior Notes due 2014
and the 6.125% Senior Notes due 2034 of Jones Apparel Group.

     “Existing Loans” shall have the meaning assigned thereto in Section 6.2(f).

     “Extensions of Credit” means, as to any Lender at any time, (a) an amount equal to
the sum of (i) the aggregate principal amount of all Revolving Credit Loans made by such Lender
then outstanding, and (ii) such Lender’s Revolving Credit Commitment Percentage of the Dollar
Amount of (A) the L/C Obligations then outstanding and (B) the Competitive Bid Loans then
outstanding, or (b) the making of any Loan or participation in any Letter of Credit by such Lender,
as the context requires.

     “Facility Fee” shall have the meaning assigned thereto in Section 5.3(a).

     “FDIC” means the Federal Deposit Insurance Corporation, or any successor thereto.

     “Federal Funds Rate” means, the rate per annum (rounded upwards, if necessary, to
the next higher 1/100th of 1%) representing the daily effective federal funds rate as quoted by the
Administrative Agent and confirmed in Federal Reserve Board Statistical Release H.15 (519) or any
successor or substitute publication selected by the Administrative Agent. If, for any reason, such
rate is not available, then “ Federal Funds Rate” shall mean a daily rate which is
determined, in the opinion of the Administrative Agent, to be the rate at which federal funds are
being offered for sale in the national federal funds market at 9:00 a.m. (Charlotte time). Rates
for weekends or holidays shall be the same as the rate for the most immediate preceding Business
Day.

     “Fiscal Year” means the fiscal year of the Credit Parties and their Subsidiaries
ending on December 31.

     “Five-Year Credit Agreement” means the Amended and Restated Five-Year Credit
Agreement dated as of June 15, 2004 by and among the Borrower, the Additional Obligors thereunder,
the Administrative Agent thereunder and the financial institutions party thereto, as amended,
restated, supplemented, replaced, refinanced or otherwise modified from time to time.

     “Five-Year Credit Agreement Obligations” means the obligations of the Borrower and
the Additional Obligors thereunder under the Five-Year Credit Agreement.

     “Fixed Rate Loan” has the meaning specified in Section 4.1(a).

     “Floating Rate Loan” means a Competitive Bid Loan bearing interest based on the
EURIBO Rate or LIBOR.

     “Foreign Lender” means any Lender that is organized under the laws of a
jurisdiction other than that in which the Borrower is located. For purposes of this definition, the
United States of America, each state thereof and the District of Columbia shall be deemed to
constitute a single jurisdiction.

7

 

     “GAAP” means generally accepted accounting principles, as recognized by the
American Institute of Certified Public Accountants and the Financial Accounting Standards Board,
consistently applied and maintained on a consistent basis for the Credit Parties and their
Subsidiaries throughout the period indicated.

     “Governmental Approvals” means all authorizations, consents, approvals, licenses
and exemptions of, registrations and filings with, and reports to, all Governmental Authorities.

     “Governmental Authority” means any nation, province, state or political
subdivision thereof, and any government or any Person exercising executive, legislative, regulatory
or administrative functions of or pertaining to government, and any corporation or other entity
owned or controlled, through stock or capital ownership or otherwise, by any of the foregoing.

     “Granting Lender” shall have the meaning assigned thereto in Section 14.10(h).

     “Guaranty Obligation” means, with respect to the Credit Parties and their
Subsidiaries, without duplication, any obligation, contingent or otherwise, of any such Person
pursuant to which such Person has directly or indirectly guaranteed any Debt or other obligation of
any other Person and, without limiting the generality of the foregoing, any obligation, direct or
indirect, contingent or otherwise, of any such Person (a) to purchase or pay (or advance or supply
funds for the purchase or payment of) such Debt or other obligation (whether arising by virtue of
partnership arrangements, by agreement to keep well, to purchase assets, goods, securities or
services, to take-or-pay, or to maintain financial statement condition or otherwise) or (b) entered
into for the purpose of assuring in any other manner the obligee of such Debt or other obligation
of the payment thereof or to protect such obligee against loss in respect thereof (in whole or in
part); provided, that the term Guaranty Obligation shall not include (i) endorsements for
collection or deposit in the ordinary course of business or (ii) a contractual commitment by one
Person to invest in another Person for so long as such investment is expected to constitute a
permitted investment under Section 11.4.

     “Hazardous Materials” means any substances or materials (a) which are or become
defined as hazardous wastes, hazardous substances, pollutants, contaminants, chemical substances or
mixtures or toxic substances under any Environmental Law, (b) which are toxic, explosive,
corrosive, flammable, infectious, radioactive, carcinogenic, mutagenic or otherwise harmful to
human health or the environment and are or become regulated by any Governmental Authority, (c) the
presence of which require investigation or remediation under any Environmental Law, (d) the
discharge or emission or release of which requires a permit or license under any Applicable Law or
other Governmental Approval, or (e) which contain, without limitation, asbestos, polychlorinated
biphenyls, urea formaldehyde foam insulation, petroleum hydrocarbons, petroleum derived substances
or waste, crude oil, nuclear fuel, natural gas or synthetic gas.

     “Hedging Agreement” means any agreement with respect to an interest rate or
currency swap, collar, cap, floor or forward rate agreement or other agreement regarding the
hedging of interest rate or currency risk exposure executed in connection with hedging the interest
rate or currency exposure of any Credit Party, and any confirming letter executed pursuant to such
hedging agreement, all as amended, restated or otherwise modified from time to time.

8

 

     “Increase Date” has the meaning specified in Section 2.7(a).

     “Increasing Lender” has the meaning specified in Section 2.7(b).

     “Interest Coverage Ratio” shall have the meaning assigned thereto in Section 10.1.

     “Interest Expense” means, for any period, total interest expense (including,
without limitation, interest expense attributable to Capital Leases) determined on a consolidated
basis, without duplication, for the Credit Parties and their Subsidiaries in accordance with GAAP.

     “Interest Period” shall have the meaning assigned thereto in Section 5.1(b).

     “ISP 98” means the International Standby Practices (1998 Revision, effective
January 1, 1999), International Chamber of Commerce Publication No. 590.

     “Issuing Lender” means Wachovia, Citibank, N.A., JPMorgan Chase Bank, N.A. and
Bank of America, N.A., each in its capacity as issuer of any Letter of Credit, and any other Lender
mutually acceptable and on terms satisfactory to the Borrower, the Administrative Agent and such
Lender; and Issuing Lenders means all such Lenders.

     “Jones Apparel Group” means Jones Apparel Group, Inc., a Pennsylvania corporation.

     “Jones Apparel Group Holdings” means Jones Apparel Group Holdings, Inc., a
Delaware corporation.

     “Jones Retail” means Jones Retail Corporation, a New Jersey corporation.

     “Kasper, Ltd.” means Kasper, Ltd., a Delaware corporation.

     “L/C Commitment” means Seven Hundred Fifty Million Dollars ($750,000,000).

     “L/C Facility” means the letter of credit facility established pursuant to Article
III hereof.

     “L/C Fee” shall have the meaning assigned thereto in Section 3.3(a).

     “L/C Obligations” means at any time, an amount equal to the sum of (a) the
aggregate undrawn and unexpired amount of the then outstanding Letters of Credit and (b) the
aggregate amount of drawings under Letters of Credit which have not then been reimbursed pursuant
to Section 3.5.

     “L/C Participants” means the collective reference to all the Lenders having a
Revolving Credit Commitment other than the applicable Issuing Lender.

     “Lender” means each Person executing this Agreement as a Lender set forth on the
signature pages hereto, each Assuming Lender that shall become a party hereto pursuant to Section
2.7 and each Person that hereafter becomes a party to this Agreement as a Lender pursuant to
Section 14.10 other than any party hereto that ceases to be a party hereto pursuant to any
Assignment and Acceptance.

9

 

     “Lending Group Members” means the collective reference to (a) the Lenders party to
this Agreement and (b) the lenders party to the Five-Year Credit Agreement.

     “Lending Office” means, with respect to any Lender, for Revolving Credit Loans,
the office of such Lender maintaining such Lender’s Revolving Credit Commitment Percentage of the
Revolving Credit Loans and, in the case of a Competitive Bid Loan, the office of such Lender
notified by such Lender to the Agent as its Lending Office with respect to such Competitive Bid
Loan.

     “Letters of Credit” shall have the meaning assigned thereto in Section 3.1.

     “LIBOR” means the rate of interest per annum determined on the basis of the rate
for deposits in Dollars or an Alternative Currency (other than euro) in minimum amounts of at least
$5,000,000 or the approximate Dollar Amount thereof, in the case of an Alternative Currency, for a
period equal to the applicable Interest Period which appears on the Moneyline Telerate Markets
Screen 3750 (or on any successor or substitute page of such service, or any successor to or
substitute for such service, providing rate quotations comparable to those currently provided on
such page of such service, as determined by the Administrative Agent from time to time for purposes
of providing quotations of interest rates applicable to deposits in such currency in the London
interbank market) at approximately 11:00 a.m. (London time) two (2) Business Days prior to the
first day of the applicable Interest Period (rounded upward, if necessary, to the nearest one
hundredth of one percent (1/100%)). If, for any reason, such rate does not appear on Moneyline
Telerate Markets Screen 3750, then “ LIBOR” shall be determined by the Administrative Agent
to be the arithmetic average (rounded upward, if necessary, to the nearest one-hundredth of one
percent (1/100%)) of the rate per annum at which deposits in Dollars or an Alternative Currency
would be offered by the Reference Group in the London interbank market to the Administrative Agent
as of approximately 11:00 a.m. (London time) two (2) Business Days prior to the first day of the
applicable Interest Period for a period equal to such Interest Period and in an amount
substantially equal to the amount of the applicable Revolving Credit Loan or the applicable
Competitive Bid Loan, as the case may be.

     “LIBOR Rate” means a rate per annum (rounded upwards, if necessary, to the next
higher 1/100th of 1%) determined by the Administrative Agent pursuant to the following formula:

	 	 	 	 	 	 
						
	LIBOR RATE  

	 	=
	 	 LIBOR	
	 

	 	 	 	 	
	 

	 	 	 	1.00 — Eurodollar Reserve Percentage	

     “LIBOR Rate Loan” means any Revolving Credit Loan bearing interest at a rate based
upon the LIBOR Rate as provided in Section 5.1(a).

     “Lien” means, with respect to any asset, any mortgage, lien, pledge, charge,
security interest or encumbrance of any kind in respect of such asset. For the purposes of this
Agreement, a Person shall be deemed to own subject to a Lien any asset which it has acquired or
holds subject to the interest of a vendor
or lessor under any conditional sale agreement, Capital Lease or other title retention agreement
relating to such asset.

     “Loan” means a Revolving Credit Loan or a Competitive Bid Loan.

10

 

     “Loan Documents” means, collectively, this Agreement, the Notes, the Applications
and each other document, instrument and agreement executed and delivered by any Credit Party, its
Subsidiaries or their counsel in connection with this Agreement, all as may be amended, restated,
supplemented or otherwise modified.

     “Material Adverse Effect” means, with respect to the Credit Parties or any of
their Subsidiaries, a material adverse effect on the business, assets, operations or financial
condition of the Credit Parties and their Subsidiaries taken as a whole or the ability of any such
Person to perform its obligations under the Loan Documents, in each case to which it is a party.

     “Multiemployer Plan” means a “ multiemployer plan” as defined in Section
4001(a)(3) of ERISA to which the Borrower or any ERISA Affiliate is making (or has made), or is
accruing (or has accrued) an obligation to make, contributions either presently or within the
preceding six years.

     “Net Income” means, with respect to the Credit Parties and their Subsidiaries for
any period, the Consolidated net income (or loss) of the Credit Parties and their Subsidiaries for
such period determined in accordance with GAAP; provided, that there shall be excluded from
net income (or loss) of a Person (the “computing Person”), the income (or loss) of any Person
(other than a Subsidiary of the computing Person) in which the computing Person has an ownership
interest unless received by the computing Person in a cash distribution.

     “Net Worth” means, with respect to the Credit Parties and their Subsidiaries, as
of any date, the total shareholders’ equity that would appear on a Consolidated balance sheet of
the Credit Parties and their Subsidiaries prepared as of such date in accordance with GAAP.

     “Nine West Footwear” means Nine West Footwear Corporation, a Delaware corporation.

     “Note” means a Revolving Credit Note or a Competitive Bid Note.

     “Notice of Account Designation” shall have the meaning assigned thereto in
Section 2.2(b).

     “Notice of Competitive Bid Borrowing” shall have the meaning assigned thereto in
Section 4.1.

     “Notice of Conversion/Continuation” shall have the meaning assigned thereto in
Section 5.2.

     “Notice of Prepayment” shall have the meaning assigned thereto in Section 2.3(c).

     “Notice of Revolving Credit Borrowing” shall have the meaning assigned thereto in
Section 2.2(a).

     “Obligations” means, in each case, whether now in existence or hereafter arising:
(a) the principal of and interest on (including interest accruing after the filing of any

11

 

bankruptcy or similar petition) the Loans, (b) the L/C Obligations, (c) all payment and other
obligations owing by the Credit Parties to any Lender or Affiliate of a Lender or the
Administrative Agent under any Hedging Agreement with any Lender or Affiliate of a Lender (which
such Hedging Agreement is permitted hereunder), and (d) all other fees and commissions (including
attorney’s fees), charges, indebtedness, loans, liabilities, financial accommodations, obligations,
covenants and duties owing by the Credit Parties to the Lenders or the Administrative Agent, of
every kind, nature and description, direct or indirect, absolute or contingent, due or to become
due, contractual or tortious, liquidated or unliquidated, and whether or not evidenced by any note,
in each case under or in respect of this Agreement, any Note, any Letter of Credit or any of the
other Loan Documents.

     “Officer’s Compliance Certificate” shall have the meaning assigned thereto in
Section 8.2.

     “Operating Lease” shall mean, as to any Person, as determined in accordance with
GAAP, any lease of property (whether real, personal or mixed) by such Person as lessee which is not
a Capital Lease.

     “Other Taxes” shall have the meaning assigned thereto in Section 5.12(b).

     “Outstanding Letters of Credit” means each letter of credit described on Schedule
1.1(b) and outstanding as of the Closing Date.

     “PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in
ERISA or any successor agency.

     “Pension Plan” means any Employee Benefit Plan, other than a Multiemployer Plan,
which is subject to the provisions of Title IV of ERISA or Section 412 of the Code.

     “Permitted Investment Policy” of the Credit Parties means the investment policy of
the Credit Parties as in effect on the date of this Agreement which has been approved by the Board
of Directors of Jones Apparel Group, as amended, restated, supplemented or otherwise modified from
time to time.

     “Permitted Lines of Business” shall have the meaning assigned thereto in Section
9.9.

     “Person” means an individual, corporation, limited liability company, partnership,
association, trust, business trust, joint venture, joint stock company, pool, syndicate, sole
proprietorship, unincorporated organization, Governmental Authority or any other form of entity or
group thereof.

     “Pounds Sterling” means, unless otherwise qualified, pounds sterling in lawful
currency of the United Kingdom.

     “Prime Rate” means, at any time, the rate of interest per annum publicly announced
from time to time by Wachovia as its prime rate in effect at its principal office in Charlotte,
North Carolina. Each change in the Prime Rate shall be effective as of the opening of business on
the day such change in the Prime Rate occurs. The parties hereto acknowledge that the rate
announced publicly by Wachovia as its Prime Rate is an index

12

 

or base rate and shall not necessarily be its lowest or best rate charged to its customers or other
banks.

     “Prior Credit Agreement” shall have the meaning assigned thereto in the
Preliminary Statement.

     “Prior Lenders” means, collectively, the lenders party to the Prior Credit
Agreement.

     “Reference Group” shall mean the Lenders party to this Agreement on the Closing
Date.

     “Register” shall have the meaning assigned thereto in Section 2.4(a).

     “Reimbursement Obligation” means the obligation of the Borrower to reimburse each
Issuing Lender pursuant to Section 3.5 for amounts drawn under Letters of Credit.

     “Rental Expense” means all obligations of the Credit Parties or any of their
Subsidiaries for payments under Operating Leases.

     “Required Agreement Lenders” means, at any date, any combination of Lenders whose
Revolving Credit Commitment Percentage equals at least fifty-one percent (51%) of the Revolving
Credit Commitment or if the Revolving Credit Commitment has been terminated, any combination of
Lenders who collectively hold at least fifty-one percent (51%) of the aggregate unpaid principal
amount of the Extensions of Credit (other than Competitive Bid Loans).

     “Required Lenders” means, at any date, any combination of Lending Group Members
whose Total Committed Percentage equals at least fifty-one percent (51%) of the Total Committed
Amount.

     “Responsible Officer” means any of the following: the chairman, president, chief
executive officer, chief financial officer or vice president and corporate controller of the
Borrower or Jones Apparel Group or any other officer of the Borrower or Jones Apparel Group
reasonably acceptable to the Administrative Agent.

     “Revolving Credit Commitment” means (a) as to any Lender, the obligation of such
Lender to make Revolving Credit Loans to the Borrower and to participate in Letters of Credit
hereunder in an aggregate principal amount at any time outstanding not to exceed the amount set
forth opposite such Lender’s name on Schedule 1.1(a) hereto as such amount may be increased,
reduced or modified at any time or from time to time pursuant to the terms hereof and (b) as to all
Lenders, the aggregate Revolving Credit Commitment of all Lenders to make Revolving Credit Loans,
as such amount may be increased or reduced at any time or from time to time pursuant to the terms
hereof. The Revolving Credit Commitment of all Lenders on the Closing Date shall be Seven Hundred
Fifty Million Dollars ($750,000,000).

     “Revolving Credit Commitment Percentage” means, as to any Lender at any time, the
ratio of (a) the amount of the Revolving Credit Commitment of such Lender to (b) the Revolving
Credit Commitment of all of the Lenders.

13

 

     “Revolving Credit Facility” means the revolving credit facility established
pursuant to Article II hereof.

     “Revolving Credit Loans” means any revolving loan made to the Borrower pursuant to
Section 2.1, and all such revolving loans collectively as the context requires.

     “Revolving Credit Notes” means the collective reference to the Revolving Credit
Notes made by the Borrower under this Agreement payable to the order of any such Lender requesting
such note, substantially in the form of Exhibit A-1 hereto, evidencing the obligation owed to such
Lender under the Revolving Credit Facility, and any amendments and modifications thereto, any
substitutes therefor, and any
replacements, restatements, renewals or extension thereof, in whole or in part; “ Revolving
Credit Note” means any of such Revolving Credit Notes.

     “Revolving Credit Termination Date” means the earliest of the dates referred to in
Section 2.6.

     “SPC” shall have the meaning assigned thereto in Section 14.10(h).

     “Subordinated Debt” means the collective reference to Debt on Schedule 7.1(p)
hereof designated as Subordinated Debt and any other Debt of the Credit Parties or any Subsidiary
thereof subordinated in right and time of payment to the Obligations and otherwise permitted
hereunder.

     “Subsidiary” means, with respect to any Person (the “ parent”) at any date,
any corporation, limited liability company, partnership, association or other entity the accounts
of which would be Consolidated with those of the parent in the parent’s Consolidated financial
statements if such financial statements were prepared in accordance with GAAP as of such date, as
well as any other corporation, limited liability company, partnership, association or other entity
(a) of which securities or other ownership interests representing more than fifty percent (50%) of
the equity or more than fifty percent (50%) of the ordinary voting power or, in the case of a
partnership, more than fifty percent (50%) of the general partnership interests are, as of such
date, owned, controlled or held, or (b) that is, as of such date, otherwise controlled, by the
parent or one or more subsidiaries of the parent. Unless otherwise qualified references to
“ Subsidiary” or “ Subsidiaries” herein shall refer to those of the Borrower.

     “Syndication Agents” means JPMorgan Chase Bank, N.A. and Citibank, N.A., each in
their capacity as syndication agent hereunder, and any successor thereto.

     “Taxes” shall have the meaning assigned thereto in Section 5.12(a).

     “Termination Event” means: (a) a “ Reportable Event” described in Section
4043 of ERISA, or (b) the withdrawal of the Borrower or any ERISA Affiliate from a Pension Plan
during a plan year in which it was a “ substantial employer” as defined in Section
4001(a)(2) of ERISA, or (c) the termination of a Pension Plan, the filing of a notice of intent to
terminate a Pension Plan or the treatment of a Pension Plan amendment as a termination under
Section 4041 of ERISA, or (d) the institution of proceedings to terminate, or the appointment of a
trustee with respect to, any Pension Plan by the PBGC, or (e) any other event or condition which
would constitute grounds under Section 4042(a) of ERISA for the termination of, or the appointment
of a trustee to administer, any

14

 

Pension Plan, or (f) the partial or complete withdrawal of the Borrower or any ERISA Affiliate from
a Multiemployer Plan, or (g) the imposition of a Lien pursuant to Section 412 of the Code or
Section 302 of ERISA, or (h) any event or condition which results in the reorganization or
insolvency of a Multiemployer Plan under Sections 4241 or 4245 of ERISA, or (i) any event or
condition which results in the termination of a Multiemployer Plan under Section 4041A of ERISA or
the institution by PBGC of proceedings to terminate a Multiemployer Plan under Section 4042 of
ERISA.

     “Total Committed Amount” means (a) as to any Lending Group Member, the sum of (i)
the Revolving Credit Commitment of such Lending Group Member (or, if such Revolving Credit
Commitment has been terminated, the aggregate unpaid principal amount of all outstanding Extensions
of Credit (other than Competitive Bid Loans) of such Lending Group Member) plus (ii) the Revolving
Credit Commitment (as defined in the Five-Year Credit Agreement) of such Lending Group Member (or,
if such Revolving Credit Commitment has been terminated, the aggregate unpaid principal amount of
all outstanding Extensions of
Credit (as defined in the Five-Year Credit Agreement) of such Lending Group Member) and (b) as to
all Lenders, the aggregate Total Committed Amount of all Lending Group Members.

     “Total Committed Percentage” means, as to any Lending Group Member at any time,
the ratio of (a) the amount of the Total Committed Amount of such Lending Group Member to (b) the
aggregate Total Committed Amount of all Lending Group Members.

     “Treaty on European Union” means the Treaty of Rome of March 25, 1957, as amended
by the Single European Act 1986 and the Maastricht Treaty (signed February 7, 1992), as amended
from time to time.

     “UCC” means the Uniform Commercial Code as in effect in the State of New York, as
amended, restated or otherwise modified from time to time.

     “Uniform Customs” means the Uniform Customs and Practice for Documentary Credits
(1994 Revision), International Chamber of Commerce Publication No. 500.

     “United States” means the United States of America.

     “Wachovia” means Wachovia Bank, National Association, a national banking
association, and its successors.

     “Wholly-Owned” means, with respect to a Subsidiary, that all of the shares of
capital stock or other ownership interests of such Subsidiary (other than directors’ qualifying
shares) are, directly or indirectly, owned or controlled by any Credit Party and/or one or more of
its Wholly-Owned Subsidiaries.

SECTION 1.2. General. Unless otherwise specified, a reference in this Agreement to a
particular section, subsection, Schedule or Exhibit is a reference to that section, subsection,
Schedule or Exhibit of this Agreement. Terms defined in this Agreement and the Five-Year Credit
Agreement shall be construed consistently and no term defined herein shall be limited or restricted
by any similar definition in the Five-Year Credit Agreement nor shall any such term herein limit or
restrict any similar definition in the Five-Year Credit Agreement. Wherever from the context it
appears appropriate, each term stated in either the singular or plural shall include the singular
and plural, and pronouns stated in the masculine, feminine or neuter gender shall

15

 

include the masculine, feminine and neuter. Any reference herein to “ Charlotte time” shall
refer to the applicable time of day in Charlotte, North Carolina.

SECTION 1.3. Other Definitions and Provisions. (a) Use of Capitalized Terms. Unless
otherwise defined therein, all capitalized terms defined in this Agreement shall have the defined
meanings when used in this Agreement and the other Loan Documents or any certificate, report or
other document made or delivered pursuant to this Agreement.

          (b) Miscellaneous. The words “ hereof”, “ herein” and
“ hereunder” and words of similar import when used in this Agreement shall refer to this
Agreement as a whole and not to any particular provision of this Agreement.

          (c) Any reference or usage of the word “ amount” herein as it pertains to any
Obligation denominated in an Alternative Currency shall be deemed to be a reference or usage of the
term “ Dollar Amount.”

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ARTICLE II REVOLVING CREDIT FACILITY

SECTION 2.1. Revolving Credit Loans. Subject to the terms and conditions of this
Agreement, each Lender severally agrees to make Revolving Credit Loans in Dollars to the Borrower
from time to time from the Closing Date through the Revolving Credit Termination Date as requested
by the Borrower in accordance with the terms of Section 2.2; provided, that (a) the
aggregate principal amount of all outstanding Revolving Credit Loans (after giving effect to any
amount requested) shall not exceed the Revolving Credit Commitment less the sum of (i) all
outstanding L/C Obligations and (ii) the aggregate principal amount of all Competitive Bid Loans
then outstanding and (b) the principal amount of outstanding Revolving Credit Loans from any Lender
to the Borrower shall not at any time exceed such Lender’s Revolving Credit Commitment less such
Lender’s participations in outstanding L/C Obligations. Each Revolving Credit Loan by a Lender
shall be in a principal amount equal to such Lender’s Revolving Credit Commitment Percentage of the
aggregate principal amount of Revolving Credit Loans requested on such occasion. Subject to the
terms and conditions hereof, the Borrower may borrow, repay and reborrow Revolving Credit Loans
hereunder until the Revolving Credit Termination Date.

SECTION 2.2. Procedure for Advances of Revolving Credit Loans. (a) Requests for
Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice in
the form attached hereto as Exhibit B-1 (a “ Notice of Revolving Credit Borrowing”) not
later than 11:00 a.m. (Charlotte time) (i) on the same Business Day as each Base Rate Loan and (ii)
at least three (3) Business Days before each LIBOR Rate Loan, of its intention to borrow,
specifying (A) the date of such borrowing, which shall be a Business Day, (B) the amount of such
borrowing, which shall be in an amount equal to the unused amount of the Revolving Credit
Commitment, or if less, (x) with respect to Base Rate Loans in an aggregate principal amount of
$1,000,000 or a whole multiple of $250,000 in excess thereof and (y) with respect to LIBOR Rate
Loans in an aggregate principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess
thereof, (C) whether such Revolving Credit Loan is to be a LIBOR Rate Loan or Base Rate Loan, and
(D) in the case of a LIBOR Rate Loan, the duration of the Interest Period applicable thereto.
Notices received after 11:00 a.m. (Charlotte time) shall be deemed received on the next Business
Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Revolving Credit
Borrowing.

     (b) Disbursement of Revolving Credit Loans. Not later than 2:00 p.m.
(Charlotte time) on the proposed borrowing date, each Lender will make available to the
Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in
funds immediately available to the Administrative Agent, such Lender’s Revolving Credit Commitment
Percentage of the Revolving Credit Loans to be made on such borrowing date. The Borrower hereby
irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing
requested pursuant to this Section 2.2 in immediately available funds by crediting or wiring such
proceeds to the deposit account of the Borrower identified in the most recent notice of account
designation, substantially in the form of Exhibit C hereto (a “ Notice of Account
Designation”), delivered by the Borrower to the Administrative Agent or as may be otherwise
agreed upon by the Borrower and the Administrative Agent from time to time. Subject to Section 5.7
hereof, the Administrative Agent shall not be obligated to disburse the portion of the proceeds of
any Revolving Credit Loan requested pursuant to this Section 2.2 for which any Lender is
responsible to the extent that such Lender has not made available to the Administrative Agent its
Revolving Credit Commitment Percentage of such Revolving Credit Loan.

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SECTION 2.3. Repayment of Revolving Credit Loans. (a) Repayment on Termination
Date. The Borrower shall repay the outstanding principal amount of all Revolving Credit Loans
in full on the Revolving Credit Termination Date, with all accrued but unpaid interest thereon.

          (b) Mandatory Repayment of Excess Extensions of Credit. (i) If at any time
the outstanding principal amount of all Revolving Credit Loans plus the sum of the Dollar Amount of
(A) all outstanding L/C Obligations and (B) all Competitive Bid Loans exceeds the Revolving Credit
Commitment, the Borrower shall repay immediately upon notice from the Administrative Agent, by
payment to the Administrative Agent for the account of the Lenders, Revolving Credit Loans and/or
furnish cash collateral reasonably satisfactory to the Administrative Agent or repay the L/C
Obligations in an amount equal to such excess. Such cash collateral shall be applied in accordance
with Section 12.2(b).

          (ii) Excess Alternative Currency Letters of Credit. If the Administrative Agent
shall determine that the outstanding principal Dollar Amount of all outstanding Letters of Credit
denominated in an Alternative Currency exceeds one hundred and five percent (105%) of the lesser of
(A) the L/C Commitment less the sum of the outstanding principal amount of all L/C Obligations
denominated in Dollars and (B) the Alternative Currency L/C Commitment, in each case as of the last
Business Day of any calendar month during the term hereof, then not later than three (3) Business
Days after notice of the amount of such excess from the Administrative Agent to the Borrower, the
Borrower shall deposit an amount in Dollars equal to such excess with the Administrative Agent to
be held as cash collateral in accordance with Section 12.2(b).

          (c) Optional Repayments. The Borrower may at any time and from time to time
repay the Revolving Credit Loans, in whole or in part, upon at least three (3) Business Days’
irrevocable notice to the Administrative Agent with respect to LIBOR Rate Loans and one (1)
Business Day’s irrevocable notice with respect to Base Rate Loans, in the form attached hereto as
Exhibit D (a “ Notice of Prepayment”) specifying the date and amount of repayment and
whether the repayment is of LIBOR Rate Loans, Base Rate Loans, or a combination thereof, and, if of
a combination thereof, the amount allocable to each. Upon receipt of such notice, the
Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount
specified in such notice shall be due and payable on the date set forth in such notice. Partial
repayments shall be in an aggregate amount of $1,000,000 or a whole multiple of $250,000 in excess
thereof with respect to Base Rate Loans and $5,000,000 or a whole multiple of $1,000,000 in excess
thereof with respect to LIBOR Rate Loans.

          (d) Limitation on Repayment of LIBOR Rate Loans. The Borrower may not repay
any LIBOR Rate Loan on any day other than on the last day of the Interest Period applicable thereto
unless such repayment is accompanied by any amount required to be paid pursuant to Section 5.10
hereof.

SECTION 2.4. Evidence of Debt. (a) The Administrative Agent shall maintain a register and
a subaccount therein for each Lender (the “ Register”), in which shall be recorded (i) the
amount of each Revolving Credit Loan made hereunder, including each Revolving Credit Loan evidenced
by a Revolving Credit Note, and each Interest Period applicable thereto, (ii) the amount of any
principal or interest due and payable or to become due and payable from the Borrower to each Lender
hereunder and (iii) both the amount of any sum received by the Administrative Agent hereunder from
the Borrower and each Lender’s share thereof.

          (b) The entries made in the Register and the accounts of each Lender maintained
pursuant to Section 2.4(a) shall, to the extent permitted by applicable law, be prima facie

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evidence of the existence and amounts of the obligations of the Borrowers therein recorded, absent
manifest error; provided, however, that the failure of the Administrative Agent to maintain the
Register or any such account, or any error therein, shall not in any manner affect the obligation
of the Borrower to
repay (with applicable interest) the Revolving Credit Loans made to the Borrower in accordance with
the terms of this Agreement.

          (c) The Borrower hereby agrees that, upon the request to the Administrative Agent by
any Lender, the Borrower will execute and deliver to such Lender a Revolving Credit Note of such
Borrower evidencing the Revolving Credit Loans of such Lender, substantially in the form of Exhibit
A-1.

SECTION 2.5. Permanent Reduction of the Revolving Credit Commitment (a) Voluntary
Reduction. The Borrower shall have the right at any time and from time to time, upon at least
five (5) Business Days’ prior written notice to the Administrative Agent, to permanently reduce,
without premium or penalty, (i) the entire Revolving Credit Commitment at any time or (ii) portions
of the Revolving Credit Commitment, from time to time, in an aggregate principal amount not less
than $5,000,000 or any whole multiple of $1,000,000 in excess thereof, provided further
that the aggregate amount of the Revolving Credit Commitments of the Lenders shall not be reduced
to an amount that is less than the aggregate principal Dollar Amount of the Competitive Bid Loans
then outstanding.

          (b) Each permanent reduction of the Revolving Credit Commitment made pursuant to this
Section 2.5 shall be accompanied, if necessary, by a payment of principal sufficient to reduce the
aggregate outstanding Revolving Credit Loans and L/C Obligations, as applicable, after such
reduction to the Revolving Credit Commitment as so reduced and if the Revolving Credit Commitment
as so reduced is less than the aggregate amount of all outstanding Letters of Credit, the Borrower
shall be required to deposit in a cash collateral account opened by the Administrative Agent an
amount equal to the amount by which the aggregate then undrawn and unexpired amount of such Letters
of Credit exceeds the Revolving Credit Commitment as so reduced. Any reduction of the Revolving
Credit Commitment to zero (including upon termination of the Revolving Credit Facility on the
Revolving Credit Termination Date) shall be accompanied by payment of all outstanding Revolving
Credit Loans (and furnishing of cash collateral satisfactory to the Administrative Agent for all
L/C Obligations) and shall result in the termination of the Revolving Credit Commitment and the
Revolving Credit Facility. Such cash collateral shall be applied in accordance with Section
12.2(b). If the reduction of the Revolving Credit Commitment requires the repayment of any LIBOR
Rate Loan, such repayment shall be accompanied by any amount required to be paid pursuant to
Section 5.10 hereof.

SECTION 2.6. Termination of Revolving Credit Facility. The Revolving Credit Facility shall
terminate on the earliest of (a) May 16, 2010, (b) the date of termination of the entire Revolving
Credit Commitment by the Borrower pursuant to Section 2.5(a), and (c) the date of termination by
the Administrative Agent on behalf of the Lenders pursuant to Section 12.2(a).

SECTION 2.7. Increase in the Aggregate Revolving Credit Commitments.

          (a) The Borrower may,
at any time but in any event not more than once in any calendar year prior to the Revolving Credit
Termination Date, by notice to the Administrative Agent, request that the aggregate amount of the
Revolving Credit Commitments be increased by an amount of $25,000,000 or an integral multiple
thereof (each a “ Commitment Increase”) to be effective as of a date that is at least 90
days prior to the scheduled Revolving Credit Termination Date (the “ Increase Date”) as
specified in the related notice to the Administrative Agent;

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provided, however that (i) in no event shall the aggregate amount of the Revolving
Credit Commitments at any time exceed $850,000,000 and (ii) on the date of any request by the
Borrower for a Commitment Increase and on the related Increase Date, (x) the representations and
warranties in Section 7.1 shall be true and correct and (y) no Default shall have occurred and be
continuing.

          (b) The Administrative Agent shall promptly notify the Lenders of a request by the
Borrower for a Commitment Increase, which notice shall include (i) the proposed amount of such
requested Commitment Increase, (ii) the proposed Increase Date and (iii) the date by which Lenders
wishing to participate in the Commitment Increase must commit to an increase in the amount of their
respective Revolving Credit Commitments (the “ Commitment Date”). Each Lender that is
willing to participate in such requested Commitment Increase (each an “ Increasing Lender”)
shall, in its sole discretion, give written notice to the Administrative Agent on or prior to the
Commitment Date of the amount by which it is willing to increase its Revolving Credit Commitment.
If the Lenders notify the Administrative Agent that they are willing to increase the amount of
their respective Revolving Credit Commitments by an aggregate amount that exceeds the amount of the
requested Commitment Increase, the requested Commitment Increase shall be allocated among the
Lenders willing to participate therein in such amounts as are agreed between the Borrower and the
Administrative Agent.

          (c) Promptly following each Commitment Date, the Administrative Agent shall notify the
Borrower as to the amount, if any, by which the Lenders are willing to participate in the requested
Commitment Increase. If the aggregate amount by which the Lenders are willing to participate in any
requested Commitment Increase on any such Commitment Date is less than the requested Commitment
Increase, then the Borrower may extend offers to one or more Eligible Assignees to participate in
any portion of the requested Commitment Increase that has not been committed to by the Lenders as
of the applicable Commitment Date; provided, however, that the Revolving Credit
Commitment of each such Eligible Assignee shall be in an amount of $5,000,000 or more.

          (d) On each Increase Date, each Eligible Assignee that accepts an offer to participate
in a requested Commitment Increase in accordance with Section 2.7(b) (each such Eligible Assignee,
an “ Assuming Lender”) shall become a Lender party to this Agreement as of such Increase
Date and the Revolving Credit Commitment of each Increasing Lender for such requested Commitment
Increase shall be so increased by such amount (or by the amount allocated to such Lender pursuant
to the last sentence of Section 2.7(b)) as of such Increase Date; provided,
however, that the Administrative Agent shall have received on or before such Increase Date
the following, each dated such date:

     (i) (A) certified copies of resolutions of the Board of Directors of the Borrower
approving the Commitment Increase, (B) a consent from each Additional Obligor approving such
Commitment Increase and (C) an opinion of counsel for the Borrower (which may be in-house counsel),
in form and substance reasonably satisfactory to the Administrative Agent;

     (ii) an assumption agreement from each Assuming Lender, if any, in form and substance
reasonably satisfactory to the Borrower and the Administrative Agent (each an “ Assumption
Agreement”), duly executed by such Assuming Lender, the Administrative Agent and the Borrower;
and

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     (iii) confirmation from each Increasing Lender of the increase in the amount of its
Revolving Credit Commitment in a writing reasonably satisfactory to the Borrower and the
Administrative Agent.

On each Increase Date, upon fulfillment of the conditions set forth in the immediately preceding
sentence of this Section 2.7(d), the Administrative Agent shall notify the Lenders (including,
without limitation, each Assuming Lender) and the Borrower, on or before 1:00 P.M. (Charlotte
time), by telecopier, of the occurrence of the Commitment Increase to be effected on such Increase
Date and shall record in the Register the relevant information with respect to each Increasing
Lender and each Assuming Lender on such date.

          (e) On the Increase Date, if any Revolving Credit Loans are then outstanding, the
Borrower shall borrow from all or certain of the Lenders and/or (subject to compliance by the
Borrower with Section 2.3) prepay Revolving Credit Loans of all or certain of the Lenders such
that, after giving effect thereto, the Revolving Credit Loans (including, without limitation, the
Interest Periods thereof) shall be held by the Lenders (including for such purposes the Increasing
Lenders and the Assuming Lenders) ratably in accordance with their respective Revolving Credit
Commitments. On and after each Increase Date, the Revolving Credit Commitment Percentage of each
Lender’s participation in Letters of Credit and Revolving Credit Loans from draws under Letters of
Credit shall be calculated after giving effect to each such Commitment Increase.

ARTICLE III LETTER OF CREDIT FACILITY

SECTION 3.1. L/C Commitment. Subject to the terms and conditions hereof, each Issuing
Lender, in reliance on the agreements of the other Lenders set forth in Section 3.4(a), agrees to
issue trade and standby letters of credit (“ Letters of Credit”) for the account of the
Borrower and its specified Subsidiaries on any Business Day from the Closing Date to but not
including the Revolving Credit Termination Date in such form as may be approved from time to time
by such Issuing Lender; provided, however, that no Issuing Lender shall issue any
Letter of Credit if, after giving effect to such issuance, (a) the L/C Obligations would exceed the
L/C Commitment or (b) the L/C Obligations on account of Letters of Credit denominated in an
Alternative Currency would exceed the Alternative Currency L/C Commitment or (c) the aggregate
principal amount of outstanding Revolving Credit Loans, plus the aggregate principal amount of L/C
Obligations and all outstanding Competitive Bid Loans would exceed the Revolving Credit Commitment.
Each Letter of Credit shall (i) be denominated in (A) Dollars, if such Letter of Credit is a
standby Letter of Credit, or (B) Dollars or an Alternative Currency, if such Letter of Credit is a
trade Letter of Credit, (ii) be a trade or standby letter of credit issued to support obligations
of the Borrower or any of its Subsidiaries, contingent or otherwise, incurred in the ordinary
course of business, (iii) expire on a date no later than ten Business Days prior to the Revolving
Credit Termination Date, and (iv) be subject to the Uniform Customs and/or ISP 98, as set forth in
the Application or as determined by the applicable Issuing Lender and, to the extent not
inconsistent therewith, the laws of the State of New York. No Issuing Lender shall at any time be
obligated to issue any Letter of Credit hereunder if such issuance would conflict with, or cause
such Issuing Lender or any L/C Participant to exceed any limits imposed by, any Applicable Law.
References herein to “ issue” and derivations thereof with respect to Letters of Credit
shall also include extensions or modifications of any existing Letters of Credit, unless the
context otherwise requires. Each Outstanding Letter of Credit shall be deemed to have been issued
under this Agreement.

SECTION 3.2. Procedure for Issuance of Letters of Credit. The Borrower may from time to
time request that any Issuing Lender issue a Letter of Credit (or amend, extend or renew an

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outstanding Letter of Credit) by delivering to such Issuing Lender at any Issuing Lender’s office
at any address mutually acceptable to the Borrower and such Issuing Lender an Application therefor,
including, if applicable, the office of such Issuing Lender’s Correspondent, completed to the
satisfaction of such Issuing Lender, and such other certificates, documents and other papers and
information as such Issuing Lender may reasonably request. Upon receipt of any Application, such
Issuing Lender shall process such Application and the certificates, documents and other papers and
information delivered to it in connection therewith in accordance with its customary procedures and
shall, subject to Section 3.1 and Article VI hereof, promptly issue the Letter of Credit (or amend,
extend or renew the outstanding Letter of Credit) requested thereby (but in no event shall any
Issuing Lender be required to issue any Letter of Credit (or amend, extend or renew an outstanding
Letter of Credit) earlier than three (3) Business Days after its receipt of the Application
therefor and all such other certificates, documents and other papers and information relating
thereto) by issuing the original of such Letter of Credit to the beneficiary thereof or as
otherwise may be agreed by such Issuing Lender and the Borrower. Within fifteen (15) Business Days
after
the end of each month, the Administrative Agent shall report to each Lender the average daily
outstandings for each day in such month for all Letters of Credit during the previous month.

SECTION 3.3. Fees and Other Charges. (a) The Borrower shall pay to the Administrative
Agent, for the account of each Issuing Lender and the L/C Participants, a letter of credit fee (the
“ L/C Fee”) (i) with respect to each trade Letter of Credit, in an amount equal to the
Applicable Margin for trade Letters of Credit times the average daily undrawn amount of such issued
Letter of Credit as reported by the Administrative Agent pursuant to Section 3.2 and (ii) with
respect to each standby Letter of Credit, in an amount equal to the Applicable Margin for standby
Letters of Credit times the face amount of such Letter of Credit. Such fee shall be payable
quarterly in arrears (x) for trade Letters of Credit, within fifteen (15) Business Days after the
end of each calendar quarter and on the Revolving Credit Termination Date and (y) for standby
Letters of Credit, within fifteen (15) Business Days after the end of each calendar quarter and on
the Revolving Credit Termination Date.

          (b) In addition to the foregoing commission, the Borrower shall pay the Issuing
Lenders an issuance fee of one tenth percent (1/10%) per annum on the face amount of each standby
Letter of Credit, payable quarterly in arrears within fifteen (15) Business Days after the end of
each calendar quarter of each calendar quarter and on the Revolving Credit Termination Date.

          (c) The Administrative Agent shall, promptly following its receipt thereof, distribute
to each Issuing Lender and the L/C Participants all fees received by the Administrative Agent in
accordance with their respective Revolving Credit Commitment Percentages.

SECTION 3.4. L/C Participations. (a) Each Issuing Lender irrevocably agrees to grant and
hereby grants to each L/C Participant, and, to induce such Issuing Lender to issue Letters of
Credit hereunder, each L/C Participant irrevocably agrees to accept and purchase and hereby accepts
and purchases from such Issuing Lender, on the terms and conditions hereinafter stated, for such
L/C Participant’s own account and risk an undivided interest equal to such L/C Participant’s
Revolving Credit Commitment Percentage in such Issuing Lender’s obligations and rights under each
Letter of Credit issued hereunder and the amount of each draft paid by such Issuing Lender
thereunder. Each L/C Participant unconditionally and irrevocably agrees with each Issuing Lender
that, if a draft is paid under any Letter of Credit for which such Issuing Lender is not reimbursed
in full by the Borrower in accordance with the terms of this Agreement, such L/C Participant shall
pay to such Issuing Lender upon demand at such Issuing Lender’s

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address for notices specified herein an amount in Dollars equal to such L/C Participant’s Revolving
Credit Commitment Percentage of the Dollar Amount of such draft, or any part thereof, which is not
so reimbursed, such payment to be made by the making of a Base Rate Loan in Dollars pursuant to
Section 3.5(c) below.

          (b) Upon becoming aware of any amount required to be paid by any L/C Participant to
any Issuing Lender pursuant to Section 3.4(a) in respect of any unreimbursed portion of any payment
made by such Issuing Lender under any Letter of Credit, the Administrative Agent shall notify each
L/C Participant of the amount and due date of such required payment and such L/C Participant shall
pay to such Issuing Lender the amount specified on the applicable due date. If any such amount is
paid to such Issuing Lender after the date such payment is due, such L/C Participant shall pay to
such Issuing Lender on demand, in addition to such amount, the product of (i) such amount, times
(ii) the daily average Federal Funds Rate as determined by the Administrative Agent during the
period from and including the date such payment is due to the date on which such payment is
immediately available to such Issuing Lender, times (iii) a fraction the numerator of which is the
number of days that elapse during such period and the denominator of which is 360. A certificate of
any Issuing Lender with respect to any amounts owing under this Section 3.4(b) shall be
conclusive in the absence of manifest error. With respect to payment to any Issuing Lender of the
unreimbursed amounts described in this Section 3.4(b), if the L/C Participants receive notice that
any such payment is due (A) prior to 1:00 p.m. (Charlotte time) on any Business Day, such payment
shall be due that Business Day, and (B) after 1:00 p.m. (Charlotte time) on any Business Day, such
payment shall be due on the following Business Day.

          (c) Whenever, at any time after any Issuing Lender has made payment under any Letter
of Credit and has received from any L/C Participant its Revolving Credit Commitment Percentage of
such payment in accordance with this Section 3.4, such Issuing Lender receives any payment related
to such Letter of Credit (whether directly from the Borrower or otherwise, or any payment of
interest on account thereof), such Issuing Lender will distribute to such L/C Participant its pro
rata share thereof in accordance with such L/C Participant’s Revolving Credit Commitment
Percentage; provided, that in the event that any such payment received by such Issuing Lender shall
be required to be returned by such Issuing Lender, such L/C Participant shall return to such
Issuing Lender the portion thereof previously distributed by such Issuing Lender to it.

SECTION 3.5. Reimbursement. (a) Reimbursement by the Borrower. The Borrower agrees
to reimburse each Issuing Lender on each date the Administrative Agent notifies the Borrower of the
date and amount of a draft paid under any Letter of Credit for the amount of (i) such draft so paid
and (ii) any taxes, fees, charges or other costs or expenses incurred by any Issuing Lender in
connection with such payment (other than those payable pursuant to Section 3.5(b) below). Each such
payment shall be made to any Issuing Lender at its address for notices specified herein (i) in
Dollars if such Letter of Credit was denominated in Dollars or (ii) in Dollars or the applicable
Alternative Currency, at the option of the Borrower, if such Letter of Credit was denominated in an
Alternative Currency, and in each case, in immediately available funds. Interest shall be payable
on any and all amounts remaining unpaid by the Borrower under this Article III from the day
immediately following the date such amounts become payable (whether at stated maturity, by
acceleration or otherwise) until payment in full at the rate which would be payable on any
outstanding Base Rate Loans which were then overdue.

          (b) Exchange Indemnification and Increased Costs. The Borrower shall, upon
demand from any Issuing Lender or L/C Participant, pay to such Issuing Lender or L/C 

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Participant, the amount of (i) any loss or cost or
increased cost incurred by such Issuing Lender or L/C Participant, (ii) any reduction in any amount
payable to or in the effective return on the capital to such Issuing Lender or L/C Participant,
(iii) any currency exchange loss, in each case with respect to clauses (i), (ii) and (iii), that
such Issuing Lender or L/C Participant sustains as a result of the Borrower’s repayment in Dollars
of any Letter of Credit denominated in an Alternative Currency or (iv) any interest or any other
return, including principal, foregone by such Issuing Lender as a result of the introduction of,
change over to or operation of the euro in any member state participating in the euro. A
certificate of such Issuing Lender setting forth in reasonable detail the basis for determining
such additional amount or amounts necessary to compensate such Issuing Lender shall be conclusively
presumed to be correct save for manifest error.

          (c) Reimbursement by the Lenders. If the Borrower fails to timely reimburse
such Issuing Lender on the date the Borrower receives the notice referred to in this Section 3.5,
the Borrower shall be deemed to have timely given a Notice of Revolving Credit Borrowing pursuant
to Section 2.2 hereunder to the Administrative Agent requesting the Lenders to make a Base Rate
Loan on such date in an amount in Dollars equal to the Dollar Amount (as of the date of funding of
such Base Rate Loan by each Lender) of such draft paid, together with any taxes, fees, charges or
other costs or expenses incurred by any Issuing Lender and to be reimbursed pursuant to this
Section 3.5 and, regardless of whether or not the conditions
precedent specified in Article VI have been satisfied, the Lenders shall make Base Rate Loans in
such amount, the proceeds of which shall be applied to reimburse such Issuing Lender for the amount
of the related drawing and costs and expenses. Notwithstanding the foregoing, nothing in this
Section 3.5 shall obligate the Lenders to make such Base Rate Loans if the making of such Base Rate
Loans would violate the automatic stay under federal bankruptcy laws.

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SECTION 3.6. Obligations Absolute. The Borrower’s obligations under this Article III
(including without limitation the Reimbursement Obligation) shall be absolute and unconditional
under any and all circumstances and irrespective of any set-off, counterclaim or defense to payment
which the Borrower may have or have had against any Issuing Lender or any beneficiary of a Letter
of Credit. The Borrower also agrees with each Issuing Lender that no Issuing Lender shall be
responsible for, and the Borrower’s Reimbursement Obligation under Section 3.5 shall not be
affected by, among other things, the validity or genuineness of documents or of any endorsements
thereon, even though such documents shall in fact prove to be invalid, fraudulent or forged, or any
dispute between or among the Borrower and any beneficiary of any Letter of Credit or any other
party to which such Letter of Credit may be transferred or any claims whatsoever of the Borrower
against any beneficiary of such Letter of Credit or any such transferee. No Issuing Lender shall be
liable for any error, omission, interruption or delay in transmission, dispatch or delivery of any
message or advice, however transmitted, in connection with any Letter of Credit, except for errors
or omissions caused by such Issuing Lender’s gross negligence or willful misconduct. The Borrower
agrees that any action taken or omitted by any Issuing Lender under or in connection with any
Letter of Credit or the related drafts or documents, if done in the absence of gross negligence or
willful misconduct and in accordance with the standards of care specified in the Uniform Customs
and/or ISP 98, as set forth in the Application or as determined by the Issuing Lender and, to the
extent not inconsistent therewith, the laws of the State of New York, shall be binding on the
Borrower and shall not result in any liability of any Issuing Lender to the Borrower. The
responsibility of each Issuing Lender to the Borrower in connection with any draft presented for
payment under any Letter of Credit shall, in addition to any payment obligation expressly provided
for in such Letter of Credit, be limited to determining that the documents (including each draft)
delivered under such Letter of Credit in connection with such presentment are in conformity with
such Letter of Credit.

SECTION 3.7 Effect of Application. To the extent that any provision of any Application
related to any Letter of Credit is inconsistent with the provisions of this Article III, the
provisions of this Article III shall apply.

ARTICLE IV COMPETITIVE BID FACILITY

SECTION 4.1. Bidding Procedure. Each Lender severally agrees that the Borrower may make
Competitive Bid Borrowings under this Section 4.1 from time to time on any Business Day during the
period from the Closing Date until the date occurring 30 days prior to the Revolving Credit
Termination Date in the manner set forth below; provided that, following the making of each
Competitive Bid Borrowing, the aggregate Dollar Amount of all Loans and all L/C Obligations then
outstanding shall not exceed the aggregate amount of the Revolving Credit Commitments of the
Lenders.

     (a) The Borrower may request a Competitive Bid Borrowing under this Section 4.1 by delivering
to the Administrative Agent, by telecopier or telex, a notice of a Competitive Bid Borrowing (a
“Notice of Competitive Bid Borrowing”), in substantially the form of
Exhibit B-2 hereto, specifying therein the requested (i) date of such proposed Competitive Bid
Borrowing, (ii) aggregate amount of such proposed Competitive Bid Borrowing, (iii) interest rate
basis and day count convention to be offered by the Lenders, (iv) currency of such proposed
Competitive Bid Borrowing, (v) in the case of a Competitive Bid Borrowing consisting of Floating
Rate Loans, Interest Period, or in the case of a Competitive Bid Borrowing consisting of Fixed Rate
Loans, maturity date for repayment of each Fixed Rate Loan to be made as part of such Competitive
Bid Borrowing (which maturity date may not be earlier than the date occurring seven days

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after the date of such Competitive Bid Borrowing or later than the earlier of (A) 365 days after
the date of such Competitive Bid Borrowing and (B) the Revolving Credit Termination Date), (vi)
interest payment date or dates relating thereto, (vii) location of the Borrower’s account to which
funds are to be advanced and (viii) other terms (if any) to be applicable to such Competitive Bid
Borrowing, not later than (1) 10:00 A.M. (Charlotte time) at least two Business Days prior to the
date of the proposed Competitive Bid Borrowing, if the Borrower shall specify in the Notice of
Competitive Bid Borrowing that the rates of interest to be offered by the Lenders shall be fixed
rates per annum (the Loans comprising any such Competitive Bid Borrowing being referred to herein
as “Fixed Rate Loans”) and that the Loans comprising such proposed Competitive Bid
Borrowing shall be denominated in Dollars, (2) 10:00 A.M. (Charlotte time) at least four Business
Days prior to the date of the proposed Competitive Bid Borrowing, if the Borrower shall specify in
the Notice of Competitive Bid Borrowing that the Loans comprising such Competitive Bid Borrowing
shall be Floating Rate Loans denominated in Dollars, (3) 10:00 A.M. (London time) at least two
Business Days prior to the date of the proposed Competitive Bid Borrowing, if the Borrower shall
specify in the Notice of Competitive Bid Borrowing that the Loans comprising such proposed
Competitive Bid Borrowing shall be Fixed Rate Loans denominated in any Alternative Currency and (4)
10:00 A.M. (London time) at least four Business Days prior to the date of the proposed Competitive
Bid Borrowing, if the Borrower shall instead specify in the Notice of Competitive Bid Borrowing
that the Loans comprising such Competitive Bid Borrowing shall be Floating Rate Loans denominated
in any Alternative Currency. Each Notice of Competitive Bid Borrowing shall be irrevocable and
binding on the Borrower. The Administrative Agent shall in turn promptly notify each Lender of each
request for a Competitive Bid Borrowing received by it from the Borrower by sending such Lender a
copy of the related Notice of Competitive Bid Borrowing.

     (b) Each Lender may, if, in its sole discretion, it elects to do so, irrevocably offer to make
one or more Competitive Bid Loans to the Borrower as part of such proposed Competitive Bid
Borrowing at a rate or rates of interest specified by such Lender in its sole discretion, by
notifying the Administrative Agent (which shall give prompt notice thereof to the Borrower), (i)
before 9:30 A.M. (Charlotte time) on the date of such proposed Competitive Bid Borrowing, in the
case of a Competitive Bid Borrowing consisting of Fixed Rate Loans denominated in Dollars, (ii)
before 10:00 A.M. (Charlotte time) three Business Days before the date of such proposed Competitive
Bid Borrowing, in the case of a Competitive Bid Borrowing consisting of Floating Rate Loans,
denominated in Dollars, (iii) before 12:00 noon (London time) on the Business Day prior to the date
of such proposed Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing consisting
of Fixed Rate Loans denominated in any Alternative Currency and (iv) before 12:00 noon (London
time) on the third Business Day prior to the date of such proposed Competitive Bid Borrowing, in
the case of a Competitive Bid Borrowing consisting of Floating Rate Loans denominated in any
Alternative Currency, of the minimum amount and maximum amount of each Competitive Bid Loan which
such Lender would be willing to make as part of such proposed Competitive Bid Borrowing
(which Dollar Amounts of such proposed Competitive Bid may exceed such Lender’s Revolving Credit
Commitment), the rate or rates of interest therefor and such Lender’s Applicable Lending Office
with respect to such Competitive Bid Loan; provided that if the Administrative Agent in its
capacity as a Lender shall, in its sole discretion, elect to make any such offer, it shall notify
the Borrower of such offer at least 30 minutes before the time and on the date on which notice of
such election is to be given to the Administrative Agent by the other Lenders. If

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any Lender shall elect not to make such an offer, such Lender shall so notify the Administrative
Agent before 10:00 A.M. (Charlotte time) on the date on which notice of such election is to be
given to the Administrative Agent by the other Lenders, and such Lender shall not be obligated to,
and shall not, make any Competitive Bid Loan as part of such Competitive Bid Borrowing;
provided that the failure by any Lender to give such notice shall not cause such Lender to
be obligated to make any Competitive Bid Loan as part of such proposed Competitive Bid Borrowing.
The Administrative Agent shall promptly notify the Borrower by telecopy of each such offer made by
a Lender, including all information required to be provided by the Lender in such offer by this
Section 4.1(b) and the identity of the Lender making such offer

     (c) The Borrower shall, in turn, (i) before 10:30 A.M. (Charlotte time) on the date of such
proposed Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing consisting of Fixed
Rate Loans denominated in Dollars, (ii) before 11:00 A.M. (Charlotte time) three Business Days
before the date of such proposed Competitive Bid Borrowing, in the case of a Competitive Bid
Borrowing consisting of Floating Rate Loans denominated in Dollars, (iii) before 3:00 P.M. (London
time) on the Business Day prior to the date of such proposed Competitive Bid Borrowing, in the case
of a Competitive Bid Borrowing consisting of Fixed Rate Loans denominated in any Alternative
Currency and (iv) before 3:00 P.M. (London time) on the third Business Day prior to the date of
such Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing consisting of Floating
Rate Loans denominated in any Alternative Currency, either:

     (x) cancel such Competitive Bid Borrowing by giving the Administrative Agent notice to that
effect, or

     (y) accept one or more of the offers made by any Lender or Lenders pursuant to paragraph (b)
above, in its sole discretion, by giving notice to the Administrative Agent of the amount of each
Competitive Bid Loan (which amount shall be equal to or greater than the minimum amount, and equal
to or less than the maximum amount, notified to the Borrower by the Administrative Agent on behalf
of such Lender for such Competitive Bid Loan pursuant to paragraph (b) above) to be made by each
Lender as part of such Competitive Bid Borrowing, and reject any remaining offers made by Lenders
pursuant to paragraph (b) above by giving the Administrative Agent notice to that effect. The
Borrower shall accept the offers made by any Lender or Lenders to make Competitive Bid Loans in
order of the lowest to the highest rates of interest offered by such Lenders. If two or more
Lenders have offered the same interest rate, the amount to be borrowed at such interest rate will
be allocated among such Lenders in proportion to the amount that each such Lender offered at such
interest rate (rounded to integral multiples of $1,000,000 in a manner satisfactory to the
Borrower).

     (d) If the Borrower notifies the Administrative Agent that such Competitive Bid Borrowing is
cancelled pursuant to paragraph (c)(x) above, the Administrative Agent shall give prompt notice
thereof to the Lenders and such Competitive Bid Borrowing shall not be made.

     (e) If the Borrower accepts one or more of the offers made by any Lender or Lenders pursuant
to paragraph (c)(y) above, the Administrative Agent shall in turn

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promptly notify (i) each Lender that has made an offer as described in paragraph (b) above, of the
date and aggregate amount of such Competitive Bid Borrowing and whether or not any offer or offers
made by such Lender pursuant to paragraph (b) above have been accepted by the Borrower, (ii) each
Lender that is to make a Competitive Bid Loan as part of such Competitive Bid Borrowing, of the
amount of each Competitive Bid Loan to be made by such Lender as part of such Competitive Bid
Borrowing, and (iii) each Lender that is to make a Competitive Bid Loan as part of such Competitive
Bid Borrowing, upon receipt, that the Administrative Agent has received forms of documents
appearing to fulfill the conditions set forth in Section 6.4. Each Lender that is to make a
Competitive Bid Loan as part of such Competitive Bid Borrowing shall, before 12:00 noon (Charlotte
time), in the case of Competitive Bid Loans to be denominated in Dollars or 11:00 A.M. (London
time), in the case of Competitive Bid Loans to be denominated in any Alternative Currency, on the
date of such Competitive Bid Borrowing specified in the notice received from the Administrative
Agent pursuant to clause (i) of the preceding sentence or any later time when such Lender shall
have received notice from the Administrative Agent pursuant to clause (iii) of the preceding
sentence, make available for the account of its Applicable Lending Office to the Administrative
Agent (x) in the case of a Competitive Bid Borrowing denominated in Dollars, at its address
referred to in Section 14.1(c), in same day funds, such Lender’s portion of such Competitive Bid
Borrowing in Dollars and (y) in the case of a Competitive Bid Borrowing in an Alternative Currency,
at the payment office for such Alternative Currency as shall have been notified by the
Administrative Agent to the Lenders prior thereto, in same day funds, such Lender’s portion of such
Competitive Bid Borrowing in such Alternative Currency. Upon fulfillment of the conditions set
forth in Section 6.4 and promptly after receipt by the Administrative Agent of such funds, the
Administrative Agent will make such funds available to the Borrower at the location specified by
the Borrower in its Notice of Competitive Bid Borrowing. Promptly after each Competitive Bid
Borrowing, the Administrative Agent will notify each Lender of the amount and tenor of the
Competitive Bid Borrowing.

     (f) If the Borrower notifies the Administrative Agent that it accepts one or more of the
offers made by any Lender or Lenders pursuant to paragraph (c)(y) above, such notice of acceptance
shall be irrevocable and binding on the Borrower.

SECTION 4.2. Minimum Amounts. Each Competitive Bid Borrowing shall be in an aggregate
Dollar Amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and, following
the making of each Competitive Bid Borrowing, the Borrower shall be in compliance with the
limitation set forth in the proviso to the first sentence of Section 4.1 above.

SECTION 4.3. Bidding Availability. Within the limits and on the conditions set forth in
this Article IV, the Borrower may from time to time borrow under this Article IV, repay or prepay
pursuant to Section 4.4 below, and reborrow under this Article IV, provided
that a Competitive Bid Borrowing shall not be made within three Business Days of the date of any
other Competitive Bid Borrowing.

SECTION 4.4. Repayment of Competitive Bid Loans. The Borrower shall repay to the
Administrative Agent for the account of each Lender that has made a Competitive Bid Loan, on the
last day of its Interest Period (in the case of Floating Rate Loans) or the maturity date (in the
case of Fixed Rate Loans) of each Competitive Bid Loan (such Interest Period or maturity date being
that specified by the Borrower for repayment of such Competitive Bid Loan in the related Notice of
Competitive Bid Borrowing delivered pursuant to Section 4.1 (a) above and provided in

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the Competitive Bid Note evidencing such Competitive Bid Loan), the then unpaid principal amount of
such Competitive Bid Loan. The Borrower shall have no right to prepay any principal amount of any
Competitive Bid Loan unless, and then only on the terms, specified by the Borrower for such
Competitive Bid Loan in the related Notice of Competitive Bid Borrowing delivered pursuant to
Section 4.1 (a) above and set forth in the Competitive Bid Note evidencing such Competitive Bid
Loan.

SECTION 4.5. Interest on Competitive Bid Loans. The Borrower shall pay interest on the
unpaid principal amount of each Competitive Bid Loan from the date of such Competitive Bid Loan to
the date the principal amount of such Competitive Bid Loan is repaid in full, at the rate of
interest for such Competitive Bid Loan specified by the Lender making such Competitive Bid Loan in
its notice with respect thereto delivered pursuant to Section 4.1 (b) above, payable on the
interest payment date or dates specified by the Borrower for such Competitive Bid Loan in the
related Notice of Competitive Bid Borrowing delivered pursuant to Section 4.1 (a) above, as
provided in the Competitive Bid Note evidencing such Competitive Bid Loan. Upon the occurrence and
during the continuance of an Event of Default (i) each Competitive Bid Loan denominated in an
Alternative Currency shall be exchanged for a new Competitive Bid Loan for an equivalent amount of
Dollars but with otherwise identical terms and conditions to the Competitive Bid Loan being
exchanged and (ii) and the Borrower shall pay interest on the amount of unpaid principal of and
interest on each Competitive Bid Loan owing to a Lender, payable in arrears on the date or dates
interest is payable thereon, at a rate per annum equal at all times to 2% per annum above the rate
per annum otherwise required to be paid on such Competitive Bid Loan under the terms of the
Competitive Bid Note evidencing such Competitive Bid Loan unless otherwise agreed in such
Competitive Bid Note. Computations in respect of Competitive Bid Loans shall be made by the
Administrative Agent as specified in the applicable Notice of Competitive Bid Borrowing (or, in
each case of Loans denominated in Alternative Currencies where market practice differs, in
accordance with market practice), in each case for the actual number of days elapsed.

SECTION 4.6. Competitive Bid Notes. The indebtedness of the Borrower resulting from each
Competitive Bid Loan made to the Borrower as part of a Competitive Bid Borrowing shall be evidenced
by a separate Competitive Bid Note of the Borrower payable to the order of the Lender making such
Competitive Bid Loan.

ARTICLE V GENERAL LOAN PROVISIONS

SECTION 5.1. Interest. (a) Interest Rate Options. Subject to the provisions of
this Section 5.1, at the election of the Borrower, the aggregate principal balance of any Revolving
Credit Loans shall bear interest at (i) the Base Rate plus the Applicable Margin or (ii) the LIBOR
Rate plus the Applicable Margin; provided that LIBOR Rate Loans shall not be available until three
(3) Business Days after the Closing Date unless the Borrower executes and delivers an indemnity in
favor of the Administrative Agent
and the Lenders in form and substance satisfactory to them. The Borrower shall select the rate of
interest and Interest Period, if any, applicable to any Revolving Credit Loan at the time a Notice
of Revolving Credit Borrowing is given pursuant to Section 2.2 or at the time a Notice of
Conversion/Continuation is given pursuant to Section 5.2. Each Revolving Credit Loan or portion
thereof bearing interest based on the Base Rate shall be a “Base Rate Loan”, and each
Revolving Credit Loan or portion thereof bearing interest based on the LIBOR Rate shall be a
“LIBOR Rate Loan.” Any Revolving Credit Loan or any portion thereof as to which the
Borrower has not duly specified an interest rate as provided herein shall be deemed a Base Rate
Loan.

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          (b) Interest Periods. In connection with each LIBOR Rate Loan and each Floating Rate
Loan, the Borrower, by giving notice at the times described in Section 5.1(a) (or, in the case of a
Floating Rate Loan, in the applicable Notice of Competitive Bid Borrowing), shall elect an interest
period (each, an “Interest Period”) to be applicable to such Loan, which Interest Period
shall be a period of one (1), two (2), three (3), or six (6) months (or nine (9) or twelve (12)
months or any other period if available from all Lenders) with respect to each LIBOR Rate (or, if
applicable to a Floating Rate Loan, each EURIBO Rate); provided that:

     (i) the Interest Period shall commence on the date of advance of or conversion to any LIBOR
Rate Loan or the date of advance of any Floating Rate Loan and, in the case of immediately
successive Interest Periods, each successive Interest Period shall commence on the date on which
the next preceding Interest Period expires;

     (ii) if any Interest Period would otherwise expire on a day that is not a Business Day, such
Interest Period shall expire on the next succeeding Business Day; provided, that if any Interest
Period would otherwise expire on a day that is not a Business Day but is a day of the month after
which no further Business Day occurs in such month, such Interest Period shall expire on the next
preceding Business Day;

     (iii) any Interest Period that begins on the last Business Day of a calendar month (or on a
day for which there is no numerically corresponding day in the calendar month at the end of such
Interest Period) shall end on the last Business Day of the relevant calendar month at the end of
such Interest Period;

     (iv) no Interest Period shall extend beyond the Revolving Credit Termination Date; and

     (v) there shall be no more than six (6) Interest Periods for Revolving Credit Loans in effect
at any time.

          (c) Default Rate. Subject to Section 12.3, at the discretion of the Administrative
Agent and Required Lenders, upon the occurrence and during the continuance of an Event of Default,
(i) the Borrower shall no longer have the option to request LIBOR Rate Loans, (ii) all outstanding
LIBOR Rate Loans shall bear interest at a rate per annum two percent (2%) in excess of the rate
then applicable to LIBOR Rate Loans, as applicable, until the end of the applicable Interest Period
and thereafter at a rate equal to two percent (2%) in excess of the rate then applicable to Base
Rate Loans, and (iii) all outstanding Base Rate Loans shall bear interest at a rate per annum equal
to two percent (2%) in excess of the rate then applicable to Base Rate Loans. Interest shall
continue to accrue on the amount of Revolving Credit Loans outstanding after the filing by or
against the Borrower of any petition seeking any relief in bankruptcy or under any act or law
pertaining to insolvency or debtor relief, whether state, federal or foreign.

          (d) Interest Payment and Computation. Interest on each Base Rate Loan shall be payable
in arrears on the last Business Day of each calendar quarter commencing June 30, 2005; and interest
on each LIBOR Rate Loan shall be payable on the last day of each Interest Period applicable
thereto, and if such Interest Period exceeds three (3) months, at the end of each three (3) month
interval during such Interest Period. Interest on LIBOR Rate Loans and all fees payable hereunder
shall be computed on the basis of a 360-day year and assessed for the actual number of days elapsed
and interest on Base Rate Loans shall be computed on the basis of a 365/66-day year and assessed
for the actual number of days elapsed.

30

 

          (e) Maximum Rate. In no contingency or event whatsoever shall the aggregate of all
amounts deemed interest hereunder or under any of the Loan Documents charged or collected pursuant
to the terms of this Agreement or pursuant to any other Loan Document exceed the highest rate
permissible under any Applicable Law which a court of competent jurisdiction shall, in a final
determination, deem applicable hereto. In the event that such a court determines that the Lenders
have charged or received interest hereunder in excess of the highest applicable rate, the rate in
effect hereunder shall automatically be reduced to the maximum rate permitted by Applicable Law and
the Lenders shall at the Administrative Agent’s option (i) promptly refund to the Borrower any
interest received by Lenders in excess of the maximum lawful rate or (ii) shall apply such excess
to the principal balance of the Obligations. It is the intent hereof that the Borrower not pay or
contract to pay, and that neither the Administrative Agent nor any Lender receive or contract to
receive, directly or indirectly in any manner whatsoever, interest in excess of that which may be
paid by the Borrower under Applicable Law.

SECTION 5.2. Notice and Manner of Conversion or Continuation of Revolving Credit Loans.
Provided that no Event of Default has occurred and is then continuing, the Borrower shall have the
option (a) to convert all or any portion of its outstanding Base Rate Loans in a principal amount
equal to $5,000,000 or any whole multiple of $1,000,000 in excess thereof into one or more LIBOR
Rate Loans and (b), (i) to convert all or any part of its outstanding LIBOR Rate Loans in a
principal amount equal to $1,000,000 or a whole multiple of $250,000 in excess thereof into Base
Rate Loans or (ii) to continue such LIBOR Rate Loans as LIBOR Rate Loans for an additional Interest
Period; provided that if any conversion or continuation is made prior to the expiration of any
Interest Period, the Borrower shall pay any amount required to be paid pursuant to Section 5.10
hereof. Whenever the Borrower desires to convert or continue Revolving Credit Loans as provided
above, the Borrower shall give the Administrative Agent irrevocable prior written notice in the
form attached as Exhibit E (a “Notice of Conversion/Continuation”) not later than 11:00
a.m. (Charlotte time) three (3) Business Days before the day on which a proposed conversion or
continuation of such Revolving Credit Loan is to be effective (except in the case of a conversion
of a LIBOR Rate Loan to a Base Rate Loan in which case same day notice by the Borrower shall be
sufficient) specifying (A) the Revolving Credit Loans to be converted or continued, and, in the
case of any LIBOR Rate Loan to be converted or continued, the last day of the Interest Period
therefor, (B) the effective date of such conversion or continuation (which shall be a Business
Day), (C) the principal amount of such Revolving Credit Loans to be converted or continued, and (D)
the Interest Period to be applicable to such converted or continued LIBOR Rate Loan. The
Administrative Agent shall promptly notify the Lenders of such Notice of Conversion/Continuation.

SECTION 5.3. Fees. (a) Facility Fees. The Borrower shall pay to the Administrative
Agent, for the account of the Lenders, a non-refundable facility fee (the “Facility Fee”)
at a rate per annum equal to the Applicable Margin on the full amount of the Revolving Credit
Commitment, regardless of usage. The Facility Fee shall be payable in arrears on
the last Business Day of each calendar quarter for the period commencing on the Closing Date and
ending on the Revolving Credit Termination Date. The Facility Fee shall be distributed by the
Administrative Agent to the Lenders pro rata in accordance with the Lenders’ respective Revolving
Credit Commitment Percentages.

          (b) Administrative Agent’s and Other Fees. In order to compensate the Administrative
Agent for its obligations hereunder, the Borrower agrees to pay to the Administrative Agent, for
its account, the fees set forth in the separate fee letter agreement executed by the Borrower and
the Administrative Agent dated April 26, 2005.

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SECTION 5.4. Manner of Payment. Each payment by the Borrower on account of the principal
of or interest on the Revolving Credit Loans or of any fee, commission or other amounts (including
the Reimbursement Obligation) payable to the Lenders under this Agreement or any other Loan
Document shall be made not later than 1:00 p.m. (Charlotte time) on the date specified for payment
under this Agreement to the Administrative Agent at the Administrative Agent’s Office for the
account of the Lenders (other than as set forth below) pro rata in accordance with their respective
Revolving Credit Commitment Percentages (except as specified below), in Dollars, in immediately
available funds and shall be made without any set-off, counterclaim or deduction whatsoever. Any
payment received after such time but before 2:00 p.m. (Charlotte time) on such day shall be deemed
a payment on such date for the purposes of Section 12.1, but for all other purposes shall be deemed
to have been made on the next succeeding Business Day. Any payment received after 2:00 p.m.
(Charlotte time) shall be deemed to have been made on the next succeeding Business Day for all
purposes. Upon receipt by the Administrative Agent of each such payment, the Administrative Agent
shall distribute to each Lender at its address for notices set forth herein its pro rata share of
such payment in accordance with such Lender’s Revolving Credit Commitment Percentage (except as
specified below), and shall wire advice of the amount of such credit to each Lender. Each payment
to the Administrative Agent of the L/C Participants’ commissions shall be made in like manner, but
for the account of the L/C Participants. Each payment to the Administrative Agent of Administrative
Agent’s fees or expenses shall be made for the account of the Administrative Agent and any amount
payable to any Lender under Article IV or Section 5.9, 5.10, 5.11, 5.12 or 14.2 shall be paid to
the Administrative Agent for the account of the applicable Lender. Subject to Section 5.1(b)(ii),
if any payment under this Agreement or any other Loan Document shall be specified to be made upon a
day which is not a Business Day, it shall be made on the next succeeding day which is a Business
Day and such extension of time shall in such case be included in computing any interest if payable
along with such payment.

SECTION 5.5. Crediting of Payments and Proceeds. In the event that the Borrower shall fail
to pay any of the Obligations when due and the Obligations have been accelerated pursuant to
Section 12.2, all payments received by the Lenders upon the Obligations and all net proceeds from
the enforcement of the Obligations shall be applied first to all expenses then due and payable by
the Borrower hereunder, then to all indemnity obligations then due and payable by the Borrower
hereunder, then to all Administrative Agent’s fees then due and payable, then to all commitment and
other fees and commissions then due and payable, then to accrued and unpaid interest hereunder or
under any other Loan Document, and Reimbursement Obligation (pro rata in accordance with all such
amounts due), then to the principal amount hereunder or under any other Loan Document,
Reimbursement Obligation and any termination payments due in respect of a Hedging Agreement with
any Lender or Affiliate of a Lender (which Hedging Agreement is permitted hereunder) (pro rata in
accordance with all such amounts due) and then to the cash collateral account described in Section
12.2(b) hereof to the extent of any L/C Obligations then outstanding, in that order.

SECTION 5.6. Adjustments. If any Lender (a “Benefited Lender”) shall at any time
receive any payment of all or part of the Obligations (other than in respect of Competitive Bid
Loans) owing to it, or interest thereon, or if any Lender shall at any time receive any collateral
in respect to the Obligations owing to it (whether voluntarily or involuntarily, by set-off or
otherwise) in a greater proportion than any such payment to and collateral received by any other
Lender, if any, in respect of the Obligations (other than in respect of Competitive Bid Loans)
owing to such other Lender, or interest thereon, such Benefited Lender shall purchase for cash from
the other Lenders such portion of each such other Lender’s Extensions of Credit Obligations (other
than Competitive Bid Loans), or shall provide such other Lenders with the benefits of any such

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collateral, or the proceeds thereof, as shall be necessary to cause such Benefited Lender to share
the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders;
provided, that if all or any portion of such excess payment or benefits is thereafter recovered
from such Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits
returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender
so purchasing a portion of another Lender’s Extensions of Credit may exercise all rights of payment
(including, without limitation, rights of set-off) with respect to such portion as fully as if such
Lender were the direct holder of such portion.

SECTION 5.7. Nature of Obligations of Lenders Regarding Extensions of Credit; Assumption by the
Administrative Agent. The obligations of the Lenders under this Agreement to make the
Revolving Credit Loans and issue or participate in Letters of Credit are several and are not joint
or joint and several. Unless the Administrative Agent shall have received notice from a Lender
prior to a proposed borrowing date that such Lender will not make available to the Administrative
Agent such Lender’s ratable portion of the amount to be borrowed on such date (which notice shall
not release such Lender of its obligations hereunder), the Administrative Agent may assume that
such Lender has made such portion available to the Administrative Agent on the proposed borrowing
date in accordance with Sections 2.2(b), and the Administrative Agent may, in reliance upon such
assumption, make available to the Borrower on such date a corresponding amount. If such amount is
made available to the Administrative Agent on a date after such borrowing date, such Lender shall
pay to the Administrative Agent on demand an amount, until paid, equal to the product of (a) the
amount not made available by such Lender in accordance with the terms hereof, times (b) the daily
average Federal Funds Rate during such period as determined by the Administrative Agent, times (c)
a fraction the numerator of which is the number of days that elapse from and including such
borrowing date to the date on which such amount not made available by such Lender in accordance
with the terms hereof shall have become immediately available to the Administrative Agent and the
denominator of which is 360. A certificate of the Administrative Agent with respect to any amounts
owing under this Section 5.7 shall be conclusive, absent manifest error. If such Lender’s Revolving
Credit Commitment Percentage of such borrowing is not made available to the Administrative Agent by
such Lender within three (3) Business Days of such borrowing date, the Administrative Agent shall
be entitled to recover such amount made available by the Administrative Agent with interest thereon
at the rate per annum applicable to such borrowing, on demand, from the Borrower. The failure of
any Lender to make available its Revolving Credit Commitment Percentage of any Revolving Credit
Loan requested by the Borrower shall not relieve it or any other Lender of its obligation hereunder
to make its Revolving Credit Commitment Percentage of such Revolving Credit Loan available on the
borrowing date, but no Lender shall be responsible for the failure of any other Lender to make its
Revolving Credit Commitment Percentage of such Revolving Credit Loan available on the borrowing
date.

SECTION 5.8. Joint and Several Liability of the Credit Parties. (a) Each of the Credit
Parties is jointly and severally liable not merely as a surety but as a co-debtor for each and
every Obligation. Each of the Credit Parties is accepting joint and several liability hereunder in
consideration of the financial accommodations to be provided by the Lenders under this Agreement,
for the mutual benefit, directly or indirectly, of each of the Credit Parties and in consideration
of the undertakings of each of the Credit Parties to accept joint and several liability for the
Obligations.

          (b) Except as otherwise expressly provided herein, each Credit Party hereby waives promptness,
diligence, presentment, demand, protest, notice of acceptance of its joint and several liability,
notice of any and all advances of the Revolving Credit Loans and Letters of

33

 

Credit made under this Agreement and the other Loan Documents, notice of occurrence of any Default
or Event of Default, or of any demand for any payment under this Agreement and notice of any action
at any time taken or omitted by the Administrative Agent or any Lender under or in respect of any
of the Obligations hereunder. Each Credit Party hereby waives all defenses which may be available
by virtue of any valuation, stay, moratorium law or other similar law now or hereafter in effect,
any right to require the marshaling of assets of any of the Credit Parties and any other entity or
person primarily or secondarily liable with respect to any of the Obligations, and all suretyship
defenses generally. Each Credit Party hereby assents to, and waives notice of, any extension or
postponement of the time for the payment, or place or manner for payment, compromise, refinancing,
consolidation or renewals of any of the Obligations hereunder, the acceptance of any partial
payment thereon, any waiver, consent or other action or acquiescence by the Administrative Agent or
any Lender at any time or times in respect of any default by any Credit Party in the performance or
satisfaction of any term, covenant, condition or provision of this Agreement and the other Loan
Documents, any and all other indulgences whatsoever by the Administrative Agent or any Lender in
respect of any of the Obligations, and the taking, addition, substitution or release, in whole or
in part, at any time or times, of any security for any of such Obligations or the addition,
substitution or release, in whole or in part, of any Credit Party or any other entity or person
primarily or secondarily liable for any Obligation. If for any reason any of the Credit Parties has
no legal existence or is under no legal obligation to discharge any of the Obligations, or if any
of the Obligations have become irrecoverable from any of the Credit Parties by reason of such
Credit Party’s insolvency, bankruptcy or reorganization or by other operation of law or for any
reason, this Agreement and the other Loan Documents shall nevertheless be binding on each of the
other Credit Parties to the same extent as if such Credit Party at all times had been the sole
obligor on such Obligations. The Obligations of each Credit Party under this Section 5.8 shall not
be diminished or rendered unenforceable by any winding up, reorganization, arrangement,
liquidation, reconstruction or similar proceeding with respect to any reconstruction or similar
proceeding with respect to any Credit Party, the Administrative Agent or any Lender.

          (c) If at any time, any payment, or any part thereof, made in respect of any of the
Obligations, is rescinded or must otherwise be restored or returned by the Administrative Agent or
any Lender upon the insolvency, bankruptcy or reorganization of any of the Credit Parties, or
otherwise, the provisions of this Section 5.8 will forthwith be reinstated in effect as though such
payment had not been made.

          (d) Until the payment and performance in full of all the Obligations, none of the Credit
Parties shall exercise and each hereby waives any rights against the other Credit Parties as a
result of payment by such Credit Party hereunder, by way of subrogation, reimbursement,
restitution, contribution or otherwise, and none of the Credit Parties will prove any claim in
competition with the Administrative Agent or any Lender in respect of any payment hereunder in
bankruptcy, insolvency, or reorganization proceedings of any nature; none of the Credit Parties
will claim any set-off, recoupment or counterclaim against any of the other Credit Parties in
respect of any liability of one Credit Party to
another Credit Party. Each of the Credit Parties hereby agrees that the payment of any amounts due
with respect to any indebtedness owing by any of the Credit Party to any other Credit Party is
hereby subordinated to the prior payment in full in cash of the Obligations. Each Credit Party
agrees that, after the occurrence and during the continuance of any Default or Event of Default
hereunder, none of the Credit Parties will demand, sue for or otherwise attempt to collect any
indebtedness of any other Credit Party to such Credit Party until all of the Obligations of the
Credit Parties hereunder shall have been paid in full in cash. If, notwithstanding the foregoing
sentence, any Credit Party shall collect, enforce or receive any amounts in respect of such
indebtedness in violation of the foregoing sentence while any Obligations of the Credit Parties are
still outstanding, such amounts shall be collected,

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enforced and received by such Credit Party as trustee for the Administrative Agent and the Lenders
and be paid over to the Administrative Agent on account of the Obligations without affecting in any
manner the liability of such Credit Party under the other provisions hereof.

SECTION 5.9. Changed Circumstances. (a) Circumstances Affecting LIBOR Rate
Availability. If with respect to any Interest Period: (i) the Administrative Agent or any
Lender (after consultation with Administrative Agent) shall determine that, by reason of
circumstances affecting the foreign exchange and interbank markets generally, deposits in the
applicable currency, in the applicable amounts are not being quoted via Moneyline Telerate Markets
Screen 3750 (or on any successor or substitute page of such service, or any successor to or
substitute for such service, providing rate quotations comparable to those currently provided on
such page of such service, as determined by the Administrative Agent from time to time for purposes
of providing quotations of interest rates applicable to deposits of the applicable currency in the
London interbank market) or offered to the Administrative Agent or such Lender for such Interest
Period; or (ii) the Required Lenders reasonably determine (which determination shall be conclusive)
and notify the Administrative Agent that the LIBOR Rate will not adequately and fairly reflect the
cost to the Required Lenders of funding LIBOR Rate Loans or Floating Rate Loans for such Interest
Period; then the Administrative Agent shall forthwith give notice thereof to the Borrower.
Thereafter, until the Administrative Agent notifies the Borrower that such circumstances no longer
exist, the obligation of the Lenders to make LIBOR Rate Loans or Floating Rate Loans and the right
of the Borrower to convert any Revolving Credit Loan to or continue any Loan as a LIBOR Rate Loan
shall be suspended, and the Borrower shall repay in full (or cause to be repaid in full) the then
outstanding principal amount of each such LIBOR Rate Loan or Floating Rate Loan together with
accrued interest thereon, on the last day of the then current Interest Period applicable to such
Loan or convert the then outstanding principal amount of each such LIBOR Rate Loan to a Base Rate
Loan as of the last day of such Interest Period.

          (b) Laws Affecting LIBOR Rate or Floating Rate Availability. If, after the date
hereof, the introduction of, or any change in, any Applicable Law or any change in the
interpretation or administration thereof by any Governmental Authority, central bank or comparable
agency charged with the interpretation or administration thereof, or compliance by any Lender (or
any of their respective Lending Offices) with any request or directive (whether or not having the
force of law) issued after the date hereof of any such Authority, central bank or comparable
agency, shall make it unlawful or impossible for any of the Lenders (or any of their respective
Lending Offices) to honor its obligations hereunder to make or maintain any LIBOR Rate Loan or
Floating Rate Loan, such Lender shall promptly give notice thereof to the Administrative Agent and
the Administrative Agent shall promptly give notice to the Borrower and the other Lenders.
Thereafter, until the Administrative Agent notifies the Borrower that such circumstances no longer
exist, (i) the obligations of the Lenders to make LIBOR Rate Loans or Floating Rate Loans and the
right of the Borrower to convert any Revolving Credit Loan or
continue any Revolving Credit Loan as a LIBOR Rate Loan shall be suspended and thereafter the
Borrower may select only Base Rate Loans hereunder, and (ii) if any of the Lenders may not lawfully
continue to maintain a LIBOR Rate Loan or Floating Rate Loan to the end of the then current
Interest Period applicable thereto, the applicable Loan shall immediately be converted to a Base
Rate Loan or a Loan that bears interest at the Base Rate for the remainder of such Interest Period.

          (c) Increased Costs. If, after the date hereof, the introduction of, or any change in,
any Applicable Law, or in the interpretation or administration thereof by any Governmental
Authority, central bank or comparable agency charged with the interpretation or administration
thereof, or compliance by any of the Lenders (or any of their respective Lending Offices) with

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any request or directive (whether or not having the force of law) issued after the date hereof of
such Authority, central bank or comparable agency:

     (i) shall subject any of the Lenders (or any of their respective Lending Offices) to any tax,
duty or other charge with respect to any Revolving Credit Loan, Letter of Credit or Application or
shall change the basis of taxation of payments to any of the Lenders (or any of their respective
Lending Offices) of the principal of or interest on any Revolving Credit Loan, Letter of Credit or
Application or any other amounts due under this Agreement in respect thereof (except for changes in
the rate of tax on the overall net income of any of the Lenders or any of their respective Lending
Offices imposed by the jurisdiction in which such Lender is organized or is or should be qualified
to do business or such Lending Office is located); or

     (ii) shall impose, modify or deem applicable any reserve (including, without limitation, any
imposed by the Board of Governors of the Federal Reserve System), special deposit, insurance or
capital or similar requirement against assets of, deposits with or for the account of, or credit
extended by any of the Lenders (or any of their respective Lending Offices) or shall impose on any
of the Lenders (or any of their respective Lending Offices) or the foreign exchange and interbank
markets any other condition affecting any Revolving Credit Loan; and the result of any of the
foregoing is to increase the costs to any of the Lenders of maintaining any LIBOR Rate Loan or
Floating Rate Loan or issuing or participating in Letters of Credit or to reduce the yield or
amount of any sum received or receivable by any of the Lenders under this Agreement or under any
other Loan Document in respect of a LIBOR Rate Loan or Floating Rate Loan or Letter of Credit or
Application, then such Lender may promptly notify the Administrative Agent, and the Administrative
Agent shall promptly notify the Borrower of such fact and demand compensation therefor and, within
fifteen (15) days after such notice by the Administrative Agent, the Borrower shall pay to such
Lender such additional amount or amounts as will compensate such Lender or Lenders for such
increased cost or reduction. The Administrative Agent and the applicable Lender will promptly
notify the Borrower of any event of which it has knowledge which will entitle such Lender to
compensation pursuant to this Section 5.9(c); provided, that the Administrative Agent shall incur
no liability whatsoever to the Lenders or the Borrower in the event it fails to do so. The amount
of such compensation shall be determined, in the applicable Lender’s reasonable discretion, based
upon the assumption that such Lender funded its Revolving Credit Commitment Percentage of the LIBOR
Rate Loans or Floating Rate Loans in the London interbank market and using any reasonable
attribution or averaging methods which such Lender deems appropriate and practical; provided that
no compensation shall be payable pursuant to the above if the applicable Lender fails to demand
compensation for such increased costs within one-hundred eighty (180) days following the date on
which such Lender has actual knowledge of the event resulting in such increase. A certificate of
such Lender setting forth in reasonable detail the basis for determining such amount or amounts
necessary to compensate such Lender shall be forwarded to the Borrower
through the Administrative Agent and shall be conclusively presumed to be correct save for manifest
error.

          (d) Mitigation Obligations; Replacement of Lenders.

          (i) If any Lender requests compensation under this Section 5.9, or if the Borrower is required
to pay any additional amount to any Lender or any Governmental Authority for the account of any
Lender pursuant to Section 5.12, then such Lender shall use reasonable

36

 

efforts to designate a different lending office for funding or booking its Loans hereunder or to
assign its rights and obligations hereunder to another of its offices, branches or affiliates, if,
in the judgment of such Lender, such designation or assignment (A) would eliminate or reduce
amounts payable pursuant to this Section 5.9 or Section 5.12, as the case may be, in the future and
(B) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be
disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses
incurred by any Lender in connection with any such designation or assignment.

          (ii) If any Lender requests compensation under this Section 5.9, or if the Borrower is
required to pay any additional amount to any Lender or any Governmental Authority for the account
of any Lender pursuant to Section 5.12, or if any Lender defaults in its obligation to fund Loans
hereunder, then the Borrower may, at its sole expense and effort, upon notice to such Lender and
the Administrative Agent, require such Lender to assign and delegate, without recourse (in
accordance with and subject to the restrictions contained in Section 14.10), all its interests,
rights and obligations under this Agreement to an Eligible Assignee that shall assume such
obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided
that (A) the Borrower shall have received the prior written consent of the Administrative Agent
(and, if a participation in a Letter of Credit is being assigned, the Issuing Lender that issued
such Letter of Credit), which consent shall not unreasonably be withheld, (B) such Lender shall
have received payment of an amount equal to the outstanding principal of its Revolving Credit Loans
and participations in Letters of Credit, accrued interest thereon, accrued fees and all other
amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal and
accrued interest and fees) or the Borrower (in the case of all other amounts) and (C) in the case
of any such assignment resulting from a claim for compensation under this Section 5.9, such
assignment will result in a reduction in such compensation or payments. A Lender shall not be
required to make any such assignment and delegation if, prior thereto, as a result of a waiver by
such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and
delegation cease to apply.

SECTION 5.10. Indemnity. The Borrower hereby indemnifies each of the Lenders against any
loss or expense which may arise or be attributable to each Lender’s obtaining, liquidating or
employing deposits or other funds acquired to effect, fund or maintain any Loan (a) as a
consequence of any failure by the Borrower to make any payment when due of any amount due hereunder
in connection with a LIBOR Rate Loan or Floating Rate Loan, (b) due to any failure of the Borrower
to borrow on a date specified therefor in a Notice of Revolving Credit Borrowing or Notice of
Continuation/Conversion or (c) due to any payment, prepayment or conversion of any LIBOR Rate Loan
or Floating Rate Loan on a date other than the last day of the Interest Period therefor. The amount
of such loss, cost or expense to any Lender shall be deemed to equal an amount determined by such
Lender to be the excess, if any, of (i) the amount of interest which would have accrued on the
principal amount of such Loan had such event not occurred, at the LIBOR
Rate that would have been applicable to such Loan, for the period from the date of such event to
the last day of the then current Interest Period therefor (or, in the case of a failure to borrow,
convert or continue, for the period that would have been the Interest Period for such Loan), over
(ii) the amount of interest which would accrue on such principal amount for such period at the
interest rate which such Lender would bid, were it to bid, at the commencement of such period, for
deposits in the applicable currency of a comparable amount and period from other banks in the
London interbank market; provided that no compensation shall be payable pursuant to the above if
the applicable Lender fails to demand compensation for such increased costs within one-hundred
eighty (180) days following the date on which such Lender has actual knowledge of the event
resulting in such increase. A certificate of such Lender setting forth in reasonable detail the
basis for determining such amount or amounts necessary to compensate such

37

 

Lender shall be forwarded to the Borrower through the Administrative Agent and shall be
conclusively presumed to be correct save for manifest error.

SECTION 5.11. Capital Requirements. If either (a) the introduction of, or any change in,
or in the interpretation of, any Applicable Law or (b) compliance with any guideline or request
issued after the date hereof from any central bank or comparable agency or other Governmental
Authority (whether or not having the force of law), has or would have the effect of reducing the
rate of return on the capital of, or has affected or would affect the amount of capital required to
be maintained by, any Lender or any corporation controlling such Lender as a consequence of, or
with reference to any Lender’s Revolving Credit Commitment and other commitments of this type,
below the rate which the Lender or such other corporation could have achieved but for such
introduction, change or compliance, then within five (5) Business Days after written demand by any
such Lender, the Borrower shall pay to such Lender from time to time as specified by such Lender
additional amounts sufficient to compensate such Lender or other corporation for such reduction;
provided that no compensation shall be payable pursuant to the above if the applicable Lender fails
to demand compensation for such increased costs within one-hundred eighty (180) days following the
date on which such lender has actual knowledge of the event resulting in such increase. A
certificate of such Lender setting forth in reasonable detail the basis for determining such
amounts necessary to compensate such Lender shall be forwarded to the Borrower through the
Administrative Agent and shall be conclusively presumed to be correct save for manifest error.

SECTION 5.12. Taxes. (a) Payments Free and Clear. Any and all payments by the
Borrower hereunder or under the Notes or the Letters of Credit shall be made free and clear of and
without deduction for any and all present or future taxes, levies, imposts, deductions, charges or
withholding, and all liabilities with respect thereto excluding, (i) in the case of each Lender and
the Administrative Agent, income and franchise taxes imposed on (or measured by) its net income by
the United States of America or by the jurisdiction under the laws of which such Lender or the
Administrative Agent (as the case may be) is organized or its principal office is located or is or
should be qualified to do business or any political subdivision thereof, or in the case of any
Lender, in which its applicable Lending Office is located (provided, however, that no Lender shall
be deemed to be located in any jurisdiction solely as a result of taking any action related to this
Agreement or the Notes or Letters of Credit) and (ii) any branch profits tax imposed by the United
States of America or any similar tax imposed by any other jurisdiction described in clause (i)
above (all such non-excluded taxes, levies, imposts, deductions, charges, withholdings and
liabilities being hereinafter referred to as “Taxes”). If the Borrower shall be required by
law to deduct any Taxes from or in respect of any sum payable hereunder or under any Note or Letter
of Credit to any Lender or the Administrative Agent, (A) the sum payable shall be increased as may
be necessary so that after making all required deductions (including deductions applicable to
additional sums payable under this Section 5.12) such Lender or the Administrative Agent (as the
case may be) receives an amount equal to the amount such party would have received had no
such deductions been made, (B) the Borrower shall make such deductions, (C) the Borrower shall pay
the full amount deducted to the relevant taxing authority or other authority in accordance with
applicable law, and (D) the Borrower shall deliver to the Administrative Agent evidence of such
payment to the relevant taxing authority or other authority in the manner provided in Section
5.12(d). The Borrower shall not, however, be required to pay any amounts pursuant to clause (A) of
the preceding sentence to any Foreign Lender or the Administrative Agent not organized under the
laws of the United States of America or a state thereof (or the District of Columbia) if such
Foreign Lender or the Administrative Agent fails to comply with the requirements of paragraph (e)
of this Section 5.12 or Section 5.9(d), as the case may be.

38

 

          (b) Stamp and Other Taxes. In addition, the Borrower shall pay any present or future
stamp, registration, recordation or documentary taxes or any other similar fees or charges or
excise or property taxes, levies of the United States or any state or political subdivision thereof
or any applicable foreign jurisdiction which arise from any payment made hereunder or from the
execution, delivery or registration of, or otherwise with respect to, this Agreement, the Loans,
the Letters of Credit, the other Loan Documents (hereinafter referred to as “Other Taxes”).

          (c) Indemnity. The Borrower shall indemnify each Lender and the Administrative Agent
for the full amount of Taxes and Other Taxes (including, without limitation, any Taxes and Other
Taxes imposed by any jurisdiction on amounts payable under this Section 5.12) paid by such Lender
or the Administrative Agent (as the case may be) and any liability (including penalties, interest
and reasonable expenses) arising therefrom or with respect thereto, whether or not such Taxes or
Other Taxes were correctly or legally asserted. A certificate as to the amount of such payment or
liability prepared by a Lender or the Administrative Agent, absent manifest error, shall be
conclusive, provided that if the Borrower reasonably believes that such Taxes or Other Taxes were
not correctly or legally asserted, such Lender or the Administrative Agent (as the case may be)
shall use reasonable efforts to cooperate with the Borrower, at the Borrower’s expense, to obtain a
refund of such Taxes or Other Taxes. Such indemnification shall be made within thirty (30) days
from the date such Lender or the Administrative Agent (as the case may be) makes written demand
therefor. If a Lender or the Administrative Agent shall become aware that it is entitled to receive
a refund in respect of Taxes or Other Taxes, it promptly shall notify the Borrower of the
availability of such refund and shall, within sixty (60) days after receipt of a request by the
Borrower pursue or timely claim such refund at the Borrower’s expense. If any Lender or the
Administrative Agent receives a refund in respect of any Taxes or Other Taxes for which such Lender
or the Administrative Agent has received payment from the Borrower hereunder, it promptly shall
repay such refund (plus interest received, if any) to the Borrower (but only to the extent of
indemnity payments made, or additional amounts paid, by the Borrower under this Section 5.12 with
respect to Taxes or Other Taxes giving rise to such refund), provided that the Borrower, upon the
request of such Lender or the Administrative Agent, agrees to return such refund (plus any
penalties, interest or other charges required to be paid) to such Lender or the Administrative
Agent in the event such Lender or the Administrative Agent is required to repay such refund to the
relevant taxing authority.

          (d) Evidence of Payment. Within thirty (30) days after the date of any payment of
Taxes or Other Taxes, the Borrower shall furnish to the Administrative Agent, at its address
referred to in Section 14.1, the original or a certified copy of a receipt evidencing payment
thereof or other evidence of payment satisfactory to the Administrative Agent.

          (e) Delivery of Tax Forms. Each Foreign Lender shall deliver to the Borrower, with a
copy to the Administrative Agent, on the Closing Date or concurrently with the delivery of the
relevant Assumption Agreement or Assignment and Acceptance, as applicable, (i)
two United States Internal Revenue Service Forms W-8ECI or Forms W-8BEN, as applicable (or
successor forms), properly completed and certifying in each case that such Foreign Lender is
entitled to a complete exemption from withholding or deduction for or on account of any United
States federal income taxes, and (ii) an Internal Revenue Service Form W-8 or W-9 or successor
applicable form, as the case may be, to establish an exemption from United States backup
withholding taxes. Each Foreign Lender further agrees to deliver to the Borrower, with a copy to
the Administrative Agent, a Form W-8BEN or W-8ECI and Form W-8 or W-9, or successor applicable forms or manner of certification, as the case may be,
on or before the date that any such form expires or becomes obsolete or after the occurrence of any
event requiring a change in the most recent form previously delivered by it to the Borrower,
certifying in the case of a Form W-8BEN or W-8ECI

39

 

 that such Foreign Lender is entitled to receive
payments under this Agreement without deduction or withholding of any United States federal income
taxes (unless in any such case an event (including without limitation any change in treaty, law or
regulation) has occurred prior to the date on which any such delivery would otherwise be required
which renders such forms inapplicable or the exemption to which such forms relate unavailable and
such Foreign Lender notifies the Borrower and the Administrative Agent that it is not entitled to
receive payments without deduction or withholding of United States federal income taxes) and, in
the case of a Form W-8 or W-9, establishing an exemption from United States backup withholding tax.

          (f) Survival. Without prejudice to the survival of any other agreement of the Borrower
hereunder, the agreements and obligations of the Borrower contained in this Section 5.12 shall
survive the payment in full of the Obligations and the termination of the Revolving Credit
Commitment.

ARTICLE VI CLOSING; CONDITIONS OF CLOSING AND BORROWING

SECTION 6.1. Closing. The closing shall take place at the offices of Shearman & Sterling
LLP at 10:00 a.m. on May 16, 2005 or at such other location, on such other date and at such other
time as the parties hereto shall mutually agree.

SECTION 6.2. Conditions to Closing and Initial Revolving Credit Loans and Letters of
Credit. The obligation of the Lenders to close this Agreement and to make the initial
Revolving Credit Loans or issue the initial Letters of Credit is subject to the satisfaction or
waiver of each of the following conditions:

     (a) Executed Loan Documents. This Agreement and the Revolving Credit Notes (to the
extent requested as provided herein) shall have been duly authorized, executed and delivered to the
Administrative Agent by the parties thereto, shall be in full force and effect and no default shall
exist thereunder, and the Borrower shall have delivered original counterparts thereof to the
Administrative Agent.

     (b) Closing Certificates; Etc.

     (i) Officers’ Certificate of the Borrower. The Administrative Agent shall have
received a certificate from a Responsible Officer, in form and substance reasonably satisfactory to
the Administrative Agent, to the effect that all representations and warranties of the Borrower
contained in this Agreement and the other Loan Documents are true, correct and complete in all
material respects; that the Borrower is not in violation of any of the covenants contained in this
Agreement and the other Loan Documents; that, after giving
effect to the transactions contemplated by this Agreement, no Default or Event of Default has
occurred and is continuing; and that each of the closing conditions has been satisfied or waived
(assuming satisfaction of the Administrative Agent where not advised otherwise).

     (ii) General Certificate of each Credit Party. The Administrative Agent shall have
received a certificate of the secretary, assistant secretary or general counsel of each Credit
Party certifying as to the incumbency and genuineness of the signature of each officer of such
Credit Party executing Loan Documents to which it is a party and certifying that attached thereto
is a true, correct and complete copy of resolutions duly adopted by the Board of Directors of such
Credit Party authorizing, in the case of the Borrower, the borrowings contemplated hereunder and,
in the case of each Credit Party,

40

 

the execution, delivery and performance of this Agreement and the other Loan Documents to which it
is a party.

     (iii) Opinions of Counsel. The Administrative Agent shall have received favorable
opinions of Ira M. Dansky, General Counsel to the Borrower, Cravath, Swaine & Moore LLP, special
counsel to the Borrower, Schnader Harrison Segal & Lewis LLP, Pennsylvania counsel to the Borrower,
and Drinker Biddle & Reath LLP, New Jersey counsel to the Borrower, each addressed to the
Administrative Agent and the Lenders with respect to the Credit Parties, the Loan Documents and
such other matters as the Lenders shall reasonably request.

     (c) Consents; Defaults.

     (i) Governmental and Third Party Approvals. The Borrower shall have obtained all
material approvals, authorizations and consents of any Person and of all Governmental Authorities
and courts having jurisdiction with respect to the transactions contemplated by this Agreement and
the other Loan Documents.

     (ii) No Event of Default. No Default or Event of Default shall have occurred and be
continuing.

     (d) Financial Matters.

     (i) Financial Statements. The Administrative Agent shall have received the audited
Consolidated financial statements of Jones Apparel Group and its Subsidiaries for the Fiscal Year
ended on December 31, 2004 and the unaudited financial statements of Jones Apparel Group and its
Subsidiaries for the fiscal quarter ended on April 2, 2005.

     (ii) Financial Condition Certificate. The Borrower shall have delivered to the
Administrative Agent a certificate, in form and substance reasonably satisfactory to the
Administrative Agent, and certified by a Responsible Officer, that the financial projections
previously delivered to the Administrative Agent were prepared in good faith based upon assumptions
believed to be reasonable at the time.

     (iii) Payment at Closing; Fee Letters. The Borrower shall have paid the fees set forth
or referenced in Section 5.3(c) and any other accrued and unpaid fees or commissions due hereunder
(including, without limitation, reasonable legal fees and expenses) to the Administrative Agent and
Lenders, and to any other Person such amount as may be due thereto in connection with the
transactions contemplated hereby, including all taxes, fees and other charges in connection with
the execution, delivery, recording, filing and registration of any of the Loan Documents. The
Administrative Agent shall have received duly authorized and executed copies of the fee letter
agreement referred to in Section 5.3(c).

     (e) Miscellaneous.

     (i) Notice of Revolving Credit Borrowing. The Administrative Agent shall have received
a Notice of Revolving Credit Borrowing from the Borrower in accordance with Section 2.2(a), and a
Notice of Account Designation specifying the account or accounts to which the proceeds of any
Revolving Credit Loans made after the Closing Date are to be disbursed.

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     (ii) Proceedings and Documents. All opinions, certificates and other instruments and
all proceedings in connection with the transactions contemplated by this Agreement shall be
satisfactory in form and substance to the Lenders.

     (iii) Investment Policy. The Borrower shall have delivered to the Administrative Agent
a true and complete copy of the investment policy referenced in Section 11.4(b) in form and content
reasonably acceptable to the Administrative Agent.

     (f) Refinancing. On the Closing Date hereunder, (i) all outstanding loans under the
Prior Credit Agreement (“Existing Loans”) shall be replaced by Revolving Credit Loans
hereunder and the Administrative Agent shall make such transfers of funds as are necessary in order
that the outstanding balance of such Revolving Credit Loans, together with any Revolving Credit
Loans funded on the Closing Date, reflect the Revolving Credit Commitment of the Lenders hereunder,
(ii) all outstanding letters of credit issued pursuant to the Prior Credit Agreement shall be
deemed Letters of Credit hereunder and each Lender shall purchase a participation therein pursuant
to Section 3.4 in accordance with its Revolving Credit Commitment Percentage, (iii) there shall
have been paid in cash in full all accrued but unpaid interest due on the Existing Loans up to but
excluding the Closing Date, (iv) there shall have been paid in cash in full all accrued but unpaid
fees due under the Prior Credit Agreement up to but excluding the Closing Date and all other
amounts, costs and expenses then owing to any of the Prior Lenders and/or any Agent, as agent under
the Prior Credit Agreement, in each case to the satisfaction of such Agent or Prior Lender, as the
case may be, regardless of whether or not such amounts would otherwise be due and payable at such
time pursuant to the terms of the Prior Credit Agreement, (v) all outstanding promissory notes
issued by the Borrower to the Prior Lenders under the Prior Credit Agreement shall be deemed
canceled and the originally executed copies thereof shall be canceled and promptly returned to the
Administrative Agent who shall promptly forward such notes to the Borrower and (vi) the commitments
and, except as expressly set forth in the Prior Credit Agreement, other obligations and rights of
the Borrower and the Prior Lenders shall be terminated without any further action hereunder or
thereunder.

SECTION 6.3. Conditions to Extensions of Credit. The obligations of the Lenders to make
any Extensions of Credit (other than Competitive Bid Loans) are subject to the satisfaction of the
following conditions precedent on the relevant borrowing or issue date, as applicable:

     (a) Continuation of Representations and Warranties. The representations and warranties
contained in Article VII shall be true and correct on and as of such borrowing or issuance date
with the same effect as if made on and as of such date; except for any representation and warranty
made as of an earlier date, which representation and warranty shall remain true and correct as of
such earlier date.

     (b) No Existing Default. No Default or Event of Default shall have occurred and be
continuing hereunder (i) on the borrowing date with respect to such Revolving Credit Loan or after
giving effect to the Revolving Credit Loans to be made on such date or (ii) on the issue, extension
or renewal date with respect to such Letter of Credit or after giving effect to such Letter of
Credit on such date.

SECTION 6.4. Conditions Precedent to Each Competitive Bid Borrowing. The obligation of
each Lender that is to make a Competitive Bid Loan on the occasion of a Competitive Bid Borrowing
to make such Competitive Bid Loan as part of such Competitive Bid Borrowing is

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subject to the conditions precedent that (i) the Agent shall have received the written confirmatory
Notice of Competitive Bid Borrowing with respect thereto, (ii) on or before the date of such
Competitive Bid Borrowing, but prior to such Competitive Bid Borrowing, the Agent shall have
received a Competitive Bid Note payable to the order of such Lender for each of the one or more
Competitive Bid Loans to be made by such Lender as part of such Competitive Bid Borrowing, in a
principal amount equal to the principal amount of the Competitive Bid Loan to be evidenced thereby
and otherwise on such terms as were agreed to for such Competitive Bid Loan in accordance with
Section 4.1, and (iii) on the date of such Competitive Bid Borrowing:

     (a) Continuation of Representations and Warranties. The representations and warranties
contained in Article VII shall be true and correct on and as of such borrowing with the same effect
as if made on and as of such date; except for any representation and warranty made as of an earlier
date, which representation and warranty shall remain true and correct as of such earlier date.

     (b) No Existing Default. No Default or Event of Default shall have occurred and be
continuing hereunder on the borrowing date with respect to such Competitive Bid Loan or after
giving effect to the Competitive Bid Loans to be made on such date.

ARTICLE VII REPRESENTATIONS AND WARRANTIES OF THE CREDIT PARTIES

SECTION 7.1. Representations and Warranties. To induce the Administrative Agent and
Lenders to enter into this Agreement and to induce the Lenders to make Extensions of Credit, the
Credit Parties hereby represent and warrant to the Administrative Agent and Lenders that:

     (a) Organization; Power; Qualification. Each of the Credit Parties and their
Subsidiaries is duly organized, validly existing and in good standing under the laws of the
jurisdiction of its incorporation or formation, has the power and authority to own its properties
and to carry on its business as now being and hereafter proposed to be conducted and is duly
qualified and authorized to do business in each jurisdiction in which the character of its
properties or the nature of its business requires such qualification and authorization, except
where the failure to do so could not reasonably be expected to have a Material Adverse Effect.

     (b) Ownership. Each Subsidiary of each of the Credit Parties as of the Closing Date is
listed on Schedule 7.1(b). As of the Closing Date, the capitalization of the Credit Parties and
their Subsidiaries consists of the number of shares, authorized, issued and outstanding, of such
classes and series, with or without par value, described on Schedule 7.1(b). As of the Closing
Date, all outstanding shares have been duly authorized and validly issued and are fully paid and
nonassessable. The shareholders of the Subsidiaries of the Credit Parties and the number of shares
owned by each as of the Closing Date are
described on Schedule 7.1(b). As of the Closing Date, there are no outstanding stock purchase
warrants, subscriptions, options, securities, instruments or other rights of any type or nature
whatsoever, which are convertible into, exchangeable for or otherwise provide for or permit the
issuance of capital stock of the Credit Parties or their Subsidiaries, except as described on
Schedule 7.1(b).

     (c) Authorization of Agreement, Loan Documents and Borrowing. Each of the Credit
Parties and, if applicable, their Subsidiaries has the right, power and authority and has taken all
necessary corporate and other action to authorize the execution, delivery and performance of each
of the Loan Documents to which it is a party in accordance with

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their respective terms. Each of the Loan Documents have been duly executed and delivered by the
duly authorized officers of the Credit Parties and each of their Subsidiaries party thereto, as
applicable, and each such document constitutes the legal, valid and binding obligation of the
Credit Parties and, if applicable, each of their Subsidiaries party thereto, enforceable in
accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency,
reorganization, moratorium or similar state or federal debtor relief laws from time to time in
effect which affect the enforcement of creditors’ rights in general and the availability of
equitable remedies.

     (d) Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The
execution, delivery and performance by the Credit Parties and their Subsidiaries of the Loan
Documents to which each such Person is a party, in accordance with their respective terms, the
borrowings hereunder and the transactions contemplated hereby do not and will not, by the passage
of time, the giving of notice or otherwise, (i) require any of the Credit Parties or any of their
Subsidiaries to obtain any Governmental Approval not otherwise already obtained or violate any
Applicable Law relating to the Credit Parties or any of their Subsidiaries, (ii) conflict with,
result in a breach of or constitute a default under the articles of incorporation, bylaws or other
organizational documents of the Credit Parties or any of their Subsidiaries or any indenture or
other material agreement or instrument to which such Person is a party or by which any of its
properties may be bound or any Governmental Approval relating to such Person except as could not
reasonably be expected to have a Material Adverse Effect, or (iii) result in or require the
creation or imposition of any material Lien upon or with respect to any property now owned or
hereafter acquired by such Person.

     (e) Compliance with Law; Governmental Approvals. Other than with respect to
environmental matters, which are treated exclusively in Section 7.1(h) hereof, each of the Credit
Parties and their Subsidiaries (i) has all Governmental Approvals required by any Applicable Law
for it to conduct its business, each of which is in full force and effect, is final and not subject
to review on appeal and is not the subject of any pending or, to the best of its knowledge,
threatened attack by direct or collateral proceeding, and (ii) is in compliance with each
Governmental Approval applicable to it and in compliance with all other Applicable Laws relating to
it or any of its respective properties; in each case, except where the failure to do so could not
reasonably be expected to have a Material Adverse Effect.

     (f) Tax Returns and Payments. Each of the Credit Parties and their Subsidiaries has
timely filed or caused to be timely filed all federal and state, local and other tax returns
required by Applicable Law to be filed, and has paid, or made adequate provision for the payment
of, all federal and state, local and other taxes, assessments and governmental charges or levies
upon it and its property, income, profits and assets which are due and payable, except (a) taxes
that are being contested in good faith by appropriate proceedings and for which such Credit Party
or Subsidiary, as applicable, has set aside on its books adequate reserves to the extent required
by GAAP or (b) to the extent the failure
to do so could not reasonably be expected to have a Material Adverse Effect. No Governmental
Authority has asserted any material Lien or other claim against the Credit Parties or any
Subsidiary thereof with respect to unpaid taxes (except for taxes not yet due) which has not been
discharged or resolved.

     (g) Intellectual Property Matters. Each of the Credit Parties and its Subsidiaries
owns or possesses rights to use all franchises, licenses, copyrights, copyright

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applications, patents, patent rights or licenses, patent applications, trademarks, trademark
rights, trade names, trade name rights, copyrights and rights with respect to the foregoing which
are required to conduct its business except where the failure to do so could not reasonably be
expected to have a Material Adverse Effect. No event has occurred which, to the knowledge of the
Credit Parties, permits, or after notice or lapse of time or both would permit, the revocation or
termination of any such rights, and, to the knowledge of the Credit Parties, neither the Credit
Parties nor any Subsidiary thereof is liable to any Person for infringement under Applicable Law
with respect to any such rights as a result of its business operations, except as could not
reasonably be expected to have a Material Adverse Effect.

     (h) Environmental Matters. Except as could not reasonably be expected to have a
Material Adverse Effect:

     (i) The properties of the Credit Parties and their Subsidiaries do not contain, and to their
knowledge have not previously contained, any Hazardous Materials in amounts or concentrations which
(A) constitute or constituted a violation of applicable Environmental Laws or (B) could give rise
to liability under applicable Environmental Laws;

     (ii) The properties of the Credit Parties and their Subsidiaries and all operations conducted
in connection therewith are in compliance, and have been in compliance, with all applicable
Environmental Laws, and there are no Hazardous Materials at, under or about such properties or such
operations in amounts or concentrations which could reasonably be expected to interfere with the
continued operation of such properties;

     (iii) Neither any of the Credit Parties nor any Subsidiary thereof has received any notice of
violation, alleged violation, non-compliance, liability or potential liability regarding
environmental matters or compliance with Environmental Laws, nor does any of the Credit Parties or
any Subsidiary thereof have knowledge or reason to believe that any such notice will be received or
is being threatened;

     (iv) To the knowledge of the Credit Parties, Hazardous Materials have not been transported or
disposed of from the properties of the Credit Parties or any of their Subsidiaries in violation of,
or in a manner or to a location which could reasonably be expected to give rise to liability under,
Environmental Laws, nor, to the knowledge of the Credit Parties, have any Hazardous Materials been
generated, treated, stored or disposed of at, on or under any of such properties in violation of,
or in a manner which could reasonably be expected to give rise to liability under, any
Environmental Laws;

     (v) No judicial proceedings or governmental or administrative action is pending, or, to the
knowledge of the Credit Parties, threatened, under any Environmental Law to which any of the Credit
Parties or any Subsidiary thereof will be named as a party, nor are there any consent decrees or
other decrees, consent orders, administrative orders or other
orders, or other administrative or judicial requirements outstanding under any Environmental Law
with respect to the properties or operations of the Credit Parties and their Subsidiaries; and

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     (vi) To the knowledge of the Credit Parties, there has been no release, or to the best of the
Credit Parties’ knowledge, the threat of release, of Hazardous Materials at or from the properties
of the Credit Parties or any of their Subsidiaries, in violation of or in amounts or in a manner
that could reasonably be expected to give rise to liability under Environmental Laws.

(i) ERISA.

     (i) Each of the Credit Parties and each ERISA Affiliate is in compliance with all applicable
provisions of ERISA and the regulations and published interpretations thereunder with respect to
all Employee Benefit Plans except where any such non-compliance could not reasonably be expected to
have a Material Adverse Effect. Except for any failure that would not reasonably be expected to
have a Material Adverse Effect, each Employee Benefit Plan that is intended to be qualified under
Section 401(a) of the Code has been determined by the Internal Revenue Service to be so qualified,
and each trust related to such plan has been determined to be exempt under Section 501(a) of the
Code. No liability that could reasonably be expected to result in a Material Adverse Effect has
been incurred by the Credit Parties or any ERISA Affiliate which remains unsatisfied for any taxes
or penalties with respect to any Employee Benefit Plan or any Multiemployer Plan;

     (ii) No accumulated funding deficiency (as defined in Section 412 of the Code) has been
incurred (without regard to any waiver granted under Section 412 of the Code), nor has any funding
waiver from the Internal Revenue Service been received or requested with respect to any Pension
Plan;

     (iii) Neither the Credit Parties nor any ERISA Affiliate has: (A) engaged in a nonexempt
prohibited transaction described in Section 406 of ERISA or Section 4975 of the Code, (B) incurred
any liability to the PBGC which remains outstanding other than the payment of premiums and there
are no premium payments which are due and unpaid, (C) failed to make a required contribution or
payment to a Multiemployer Plan, or (D) failed to make a required installment or other required
payment under Section 412 of the Code except where any of the foregoing individually or in the
aggregate could not reasonably be expected to have a Material Adverse Effect;

     (iv) No Termination Event that could reasonably be expected to result in a Material Adverse
Effect has occurred or is reasonably expected to occur; and

     (v) No proceeding, claim, lawsuit and/or investigation is existing or, to the knowledge of the
Credit Parties, threatened concerning or involving any Employee Benefit Plan that could reasonably
be expected to result in a Material Adverse Effect.

     (j) Margin Stock. Neither the Credit Parties nor any Subsidiary thereof is engaged
principally or as one of its activities in the business of extending credit for the purpose of
“purchasing” or “carrying” any “margin stock” (as each such term is defined
or used in Regulation U of the Board of Governors of the Federal Reserve System). No part of the
proceeds of any of the Loans or Letters of Credit will be used for purchasing or carrying margin
stock, unless the Credit Parties shall have given the Administrative Agent and Lenders prior notice
of such event and such other information as is reasonably necessary to permit the Administrative
Agent and Lenders to comply, in a timely fashion, with all reporting obligations required by
Applicable Law, or for any purpose which

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violates, or which would be inconsistent with, the provisions of Regulation T, U or X of such Board
of Governors.

     (k) Government Regulation. Neither the Credit Parties nor any Subsidiary thereof is an
“investment company” or a company “controlled” by an “investment company”
(as each such term is defined or used in the Investment Company Act of 1940, as amended) and
neither the Credit Parties nor any Subsidiary thereof is, or after giving effect to any Extension
of Credit will be, subject to regulation under the Public Utility Holding Company Act of 1935 or
the Interstate Commerce Act, each as amended.

     (l) Burdensome Provisions. Neither the Credit Parties nor any Subsidiary thereof is a
party to any indenture, agreement, lease or other instrument, or subject to any corporate or
partnership restriction, Governmental Approval or Applicable Law which is so unusual or burdensome
as in the foreseeable future could be reasonably expected to have a Material Adverse Effect. The
Credit Parties and their Subsidiaries do not presently anticipate that future expenditures needed
to meet the provisions of any statutes, orders, rules or regulations of a Governmental Authority
will be so burdensome as to have a Material Adverse Effect.

     (m) Financial Statements. The (i) Consolidated balance sheet of Jones Apparel Group
and its Subsidiaries as of December 31, 2004, and the related statements of income, stockholders’
equity and cash flows for the Fiscal Year then ended and (ii) unaudited Consolidated balance sheet
of Jones Apparel Group and its Subsidiaries as of April 2, 2005, and related unaudited interim
statements of income, stockholders’ equity and cash flows, copies of which have been furnished to
the Administrative Agent and each Lender, are complete in all material respects and fairly present
in all material respects the assets, liabilities and financial position of Jones Apparel Group and
its Subsidiaries as at such dates, and the results of the operations and changes of financial
position for the periods then ended, subject to normal year end adjustments. All such financial
statements, including the related notes thereto, have been prepared in accordance with GAAP.

     (n) No Material Adverse Change. Since the later to occur of (i) December 31, 2004 or
(ii) the date of the most recently delivered audited financial statements of Jones Apparel Group
and its Subsidiaries, there has been no Material Adverse Effect.

     (o) Liens. None of the properties and assets of the Credit Parties or any Subsidiary
thereof is subject to any Lien, except Liens permitted pursuant to Section 11.3.

     (p) Debt and Guaranty Obligations. Schedule 7.1(p) is a complete and correct listing
of all Debt and Guaranty Obligations of the Credit Parties and their Subsidiaries as of the Closing
Date in excess of $5,000,000.

     (q) Litigation. Except for matters existing on the Closing Date and set forth on
Schedule 7.1(q), there are no actions, suits or proceedings pending nor, to the knowledge
of the Credit Parties, threatened against or affecting the Credit Parties or any Subsidiary thereof
or any of their respective properties in any court or before any arbitrator of any kind or before
or by any Governmental Authority, which could reasonably be expected to have a Material Adverse
Effect or which relate to the enforceability of any Loan Documents.

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     (r) Absence of Defaults. To the knowledge of the Credit Parties, no event has occurred
and is continuing which constitutes a Default or an Event of Default.

     (s) Accuracy and Completeness of Information. The Credit Parties have disclosed to the
Lenders all agreements, instruments and corporate or other restrictions to which they or any of
their Subsidiaries are subject, and all other matters known to them, that, individually or in the
aggregate, could reasonably be expected to have a Material Adverse Effect. The written information,
taken as a whole, furnished by or on behalf of the Credit Parties to the Administrative Agent or
any Lender in connection with the negotiation of this Agreement or delivered hereunder (as modified
or supplemented by other information so furnished) does not contain any material misstatement of
fact or omit to state any material fact necessary to make the statements therein, in the light of
the circumstances under which they were made, not misleading; provided that, with respect to
projected financial information, the Credit Parties represent only that such information was
prepared in good faith based upon assumptions believed to be reasonable at the time.

SECTION 7.2. Survival of Representations and Warranties, Etc. All representations and
warranties set forth in this Article VII and all representations and warranties contained in any
certificate delivered in connection with this Agreement, or any of the Loan Documents (including
but not limited to any such representation or warranty made in or in connection with any amendment
thereto) shall constitute representations and warranties made under this Agreement. All
representations and warranties made under this Agreement shall be made or deemed to be made at and
as of the Closing Date, shall survive the Closing Date and shall not be waived by the execution and
delivery of this Agreement, any investigation made by or on behalf of the Lenders or any borrowing
hereunder.

ARTICLE VIII FINANCIAL INFORMATION AND NOTICES

          Until all the Obligations (other than Obligations under Hedging Agreements) have been paid and
satisfied in full and the Revolving Credit Commitment and L/C Commitment have terminated, unless
consent has been obtained in the manner set forth in Section 14.11 hereof, the Credit Parties will
furnish or cause to be furnished to the Administrative Agent (which the Administrative Agent will
promptly furnish to the Lenders at their respective addresses as set forth on Schedule 1.1(a), or
such other office as may be designated to the Administrative Agent from time to time):

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SECTION 8.1. Financial Statements and Projections. (a) Quarterly Financial
Statements. As soon as practicable and in any event within forty-five (45) days after the end
of the first three fiscal quarters of each Fiscal Year, an unaudited Consolidated balance sheet of
Jones Apparel Group and its Subsidiaries as of the close of such fiscal quarter and unaudited
Consolidated statements of income, stockholders’ equity and cash flows for the fiscal quarter then
ended and that portion of the Fiscal Year then ended, including the notes thereto, all in
reasonable detail setting forth in comparative form the corresponding figures for the corresponding
period or periods of (or, in the case of the balance sheet, as of the end of) the preceding Fiscal
Year and prepared by Jones Apparel Group in accordance with GAAP and, if applicable, containing
disclosure of the effect on the financial position or results of operations of any change in the
application of accounting principles and practices during the period, and certified by a
Responsible Officer to present fairly in all material respects the financial condition of Jones
Apparel Group and its Subsidiaries as of their respective dates and the results of operations of
Jones Apparel Group and its Subsidiaries for the respective periods then ended, subject to normal
year end adjustments.

          (b) Annual Financial Statements. As soon as practicable and in any event within ninety
(90) days after the end of each Fiscal Year, an audited Consolidated balance sheet of Jones Apparel
Group and its Subsidiaries as of the close of such Fiscal Year and audited Consolidated statements
of income, stockholders’ equity and cash flows for the Fiscal Year then ended, including the notes
thereto, all in reasonable detail setting forth in comparative form the corresponding figures for
the preceding Fiscal Year and prepared by a nationally recognized independent certified public
accounting firm in accordance with GAAP and, if applicable, containing disclosure of the effect on
the financial position or results of operation of any change in the application of accounting
principles and practices during the year, and accompanied by a report thereon by such certified
public accountants that is not qualified with respect to scope limitations imposed by Jones Apparel
Group or any of its Subsidiaries or with respect to accounting principles followed by Jones Apparel
Group or any of its Subsidiaries not in accordance with GAAP.

SECTION 8.2. Officer’s Compliance Certificate. At each time financial statements are
delivered pursuant to Section 8.1(a) or (b) a certificate of a Responsible Officer in the form of
Exhibit F attached hereto (an “Officer’s Compliance Certificate”).

SECTION 8.3. Accountants’ Certificate. At each time financial statements are delivered
pursuant to Section 8.1(b), a certificate of the independent public accountants certifying such
financial statements addressed to the Administrative Agent for the benefit of the Lenders:

     (a) stating that in making the examination necessary for the certification of such financial
statements, they obtained no knowledge of any Default or Event of Default or, if
such is not the case, specifying such Default or Event of Default and its nature and period of
existence; and

     (b) including the calculations prepared by such accountants required to establish whether or
not the Credit Parties and their Subsidiaries are in compliance with the financial covenants set
forth in Article X hereof as at the end of each respective period.

SECTION 8.4. Other Reports. (a) Promptly but in any event within ten (10) Business Days
after the filing thereof, a copy of (i) each report or other filing made by the Credit Parties or
any or their Subsidiaries with the Securities and Exchange Commission and required by the
Securities and Exchange Commission to be delivered to the shareholders of the Credit Parties or any
or their

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Subsidiaries, (ii) each report made by the Credit Parties or any of their Subsidiaries to the
Securities and Exchange Commission on Form 8-K and (iii) each final registration statement of the
Credit Parties or any of their Subsidiaries filed with the Securities and Exchange Commission,
except in connection with pension plans and other employee benefit plans; and

          (b) Such other information regarding the operations, business affairs and financial condition
of the Credit Parties or any of their Subsidiaries as the Administrative Agent or any Lender may
reasonably request.

SECTION 8.5. Notice of Litigation and Other Matters. Prompt (but in no event later than
ten (10) Business Days after a principal officer of the Credit Parties obtains knowledge thereof)
telephonic (confirmed in writing) or written notice of:

     (a) the commencement of all proceedings and investigations by or before any Governmental
Authority and all actions and proceedings in any court or before any arbitrator against or
involving the Credit Parties or any Subsidiary thereof or any of their respective properties,
assets or businesses which in the reasonable judgment of the Credit Parties could reasonably be
expected to have a Material Adverse Effect;

     (b) any notice of any violation received by the Credit Parties or any Subsidiary thereof from
any Governmental Authority including, without limitation, any notice of violation of Environmental
Laws, which in the reasonable judgment of the Credit Parties in any such case could reasonably be
expected to have a Material Adverse Effect;

     (c) any Default or Event of Default; and

     (d) (i) any unfavorable determination letter from the Internal Revenue Service regarding the
qualification of an Employee Benefit Plan under Section 401(a) of the Code (along with a copy
thereof) which could reasonably be expected to have a Material Adverse Effect, (ii) all notices
received by the Credit Parties or any ERISA Affiliate of the PBGC’s intent to terminate any Pension
Plan or to have a trustee appointed to administer any Pension Plan, (iii) all notices received by
the Credit Parties or any ERISA Affiliate from a Multiemployer Plan sponsor concerning the
imposition or amount of withdrawal liability pursuant to Section 4202 of ERISA which could
reasonably have a Material Adverse Effect and (iv) the Credit Parties obtaining knowledge or reason
to know that the Credit Parties or any ERISA Affiliate has filed or intends to file a notice of
intent to terminate any Pension Plan under a distress termination within the meaning of Section
4041(c) of ERISA.

SECTION 8.6. Accuracy of Information. All written information, reports, statements and
other papers and data furnished by or on behalf of the Credit Parties to the Administrative Agent
or any Lender (other than financial forecasts) whether pursuant to this Article VIII
or any other provision of this Agreement, shall be, at the time the same is so furnished, true and
complete in all material respects.

ARTICLE IX AFFIRMATIVE COVENANTS

          Until all of the Obligations (other than any Obligations under any Hedging Agreement) have
been paid and satisfied in full and the Revolving Credit Commitment and L/C Commitment have
terminated, unless consent has been obtained in the manner provided for in Section 14.11, the
Credit Parties will, and will cause each of their Subsidiaries to:

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SECTION 9.1. Preservation of Corporate Existence and Related Matters. Except as permitted
by Section 11.5, preserve and maintain its separate corporate existence and all rights, franchises,
licenses and privileges necessary to the conduct of its business, and qualify and remain qualified
as a foreign corporation and authorized to do business in each jurisdiction where the nature and
scope of its activities require it to so qualify under Applicable Law in which the failure to so
qualify would have a Material Adverse Effect.

SECTION 9.2. Maintenance of Property. Protect and preserve all properties useful in and
material to its business, including copyrights, patents, trade names and trademarks; maintain in
good working order and condition all buildings, equipment and other tangible real and personal
property material to the conduct of its business, ordinary wear and tear excepted; and from time to
time make or cause to be made all renewals, replacements and additions to such property necessary
for the conduct of its business, so that the business carried on in connection therewith may be
properly and advantageously conducted at all times.

SECTION 9.3. Insurance. Maintain insurance with financially sound and reputable insurance
companies against such risks and in such amounts as are customarily maintained by similar
businesses and as may be required by Applicable Law including, without limitation, hazard and
business interruption coverage.

SECTION 9.4. Accounting Methods and Financial Records. Maintain a system of accounting,
and keep such books, records and accounts (which shall be true and complete in all material
respects) as may be required or as may be necessary to permit the preparation of financial
statements in accordance with GAAP and in compliance with the regulations of any Governmental
Authority having jurisdiction over it or any of its properties.

SECTION 9.5. Payment and Performance of Obligations. Pay and perform all Obligations under
this Agreement and the other Loan Documents, and pay (a) all material taxes, assessments and other
governmental charges that may be levied or assessed upon it or any of its property, and (b) subject
to the thresholds and other limitations set forth in Section 12.1(f) or Section 12.1(g), all other
material indebtedness, obligations and liabilities in accordance with customary trade practices;
provided, that the Credit Parties or such Subsidiary may contest any item described in clause (a)
or (b) of this Section 9.5 in good faith so long as adequate reserves are maintained with respect
thereto to the extent required by GAAP. It is expected that all payments in respect of the
Obligations, the Existing Debt Securities and the Additional Debt Securities will be made by the
Borrower.

SECTION 9.6. Compliance With Laws and Approvals. Observe and remain in compliance with all
Applicable Laws and maintain in full force and effect all Governmental Approvals, in each case
applicable to the conduct of its business except
where the failure to observe or comply could not reasonably be expected to have a Material Adverse
Effect.

SECTION 9.7. Environmental Laws. In addition to and without limiting the generality of
Section 9.6, (a) comply with, and use best efforts to ensure such compliance by all tenants and
subtenants, with all applicable Environmental Laws and obtain and comply with and maintain, and use
its best efforts to ensure that all tenants and subtenants obtain and comply with and maintain, any
and all licenses, approvals, notifications, registrations or permits required by applicable
Environmental Laws except where the failure to comply could not reasonably have a Material Adverse
Effect, (b) conduct and complete all investigations, studies, sampling and testing, and all
remedial, removal and other actions required under Environmental Laws, and promptly comply with all
lawful orders and directives of any Governmental Authority regarding

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Environmental Laws except (i) where the failure to do so could not reasonably be expected to have a
Material Adverse Effect or (ii) to the extent the Credit Parties or any of their Subsidiaries are
contesting, in good faith, any such requirement, order or directive before the appropriate
Governmental Authority so long as adequate reserves are maintained with respect thereto to the
extent required by GAAP, and (c) defend, indemnify and hold harmless the Administrative Agent and
the Lenders, and their respective parents, Subsidiaries, Affiliates, employees, agents, officers
and directors, from and against any claims, demands, penalties, fines, liabilities, settlements,
damages, costs and expenses of whatever kind or nature known or unknown, contingent or otherwise,
arising out of, or in any way relating to the violation of, noncompliance with or liability under
any Environmental Laws applicable to the operations of the Credit Parties or such Subsidiaries, or
any orders, requirements or demands of Governmental Authorities related thereto, including, without
limitation, reasonable attorney’s and consultant’s fees, investigation and laboratory fees,
response costs, court costs and litigation expenses, except to the extent that any of the foregoing
directly result from the gross negligence or willful misconduct of the party seeking
indemnification therefor.

SECTION 9.8. Compliance with ERISA. In addition to and without limiting the generality of
Section 9.6, (a) comply with all applicable provisions of ERISA and the Code and the regulations
and published interpretations thereunder with respect to all Employee Benefit Plans, except where
the failure to comply could not reasonably be expected to have a Material Adverse Effect, (b) not
take any action or fail to take action the result of which would result in a liability to the PBGC
or to a Multiemployer Plan in an amount that could reasonably be expected to have a Material
Adverse Effect, and (c) furnish to the Administrative Agent upon the Administrative Agent’s request
such additional information about any Employee Benefit Plan concerning compliance with this
covenant as may be reasonably requested by the Administrative Agent.

SECTION 9.9. Conduct of Business. Engage only in businesses in substantially the same
fields as the businesses conducted on the Closing Date (including, without limitation, the apparel,
footwear, handbags, accessories, jewelry, denim and cosmetics or other women’s accoutrements
industries generally) and in lines of business reasonably related thereto (collectively,
“Permitted Lines of Business”), or as otherwise permitted pursuant to the terms of this
Agreement.

SECTION 9.10. Visits and Inspections. Permit representatives of the Administrative Agent
or any Lender, from time to time upon reasonable prior notice to visit and inspect its properties;
inspect and make extracts from its books, records and files, including, but not limited to,
management letters prepared by independent accountants; and discuss with its principal officers,
and its independent accountants, its business, assets, liabilities, financial condition, results of
operations and business prospects.

SECTION 9.11. Use of Proceeds. The Credit Parties shall use the proceeds of the Loans and
the Letters of Credit to (a) refinance certain existing Debt, (b) for working capital and
general corporate purposes of the Credit Parties and their Subsidiaries, including acquisitions and
stock repurchases, and (c) the payment of certain fees and expenses incurred in connection with the
transactions contemplated hereby or thereby.

ARTICLE X FINANCIAL COVENANTS

          Until all of the Obligations (other than any Obligations under any Hedging Agreement) have
been paid and satisfied in full and the Revolving Credit Commitment and L/C Commitment have
terminated, unless consent has been obtained in the manner set forth in Section 14.11 hereof, the
Credit Parties and their Subsidiaries on a Consolidated basis will not:

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SECTION 10.1. Interest Coverage Ratio. As of the end of any fiscal quarter, permit the
ratio (the “Interest Coverage Ratio”) of (a) EBITDAR for the period of four (4) consecutive
fiscal quarters ending on or immediately prior to such date to (b) the sum of (i) Interest Expense
paid or payable in cash and (ii) Rental Expense, both for the period of four (4) consecutive fiscal
quarters ending on or immediately prior to such date, to be less than 2.75 to 1.0.

SECTION 10.2. Minimum Net Worth. As of the end of any fiscal quarter, permit Consolidated
Net Worth to be less than $1,750,000,000.

ARTICLE XI NEGATIVE COVENANTS

          Until all of the Obligations (other than any Obligations under any Hedging Agreement) have
been paid and satisfied in full and the Revolving Credit Commitment has expired or been terminated,
unless consent has been obtained in the manner set forth in Section 14.11 hereof, the Credit
Parties will not and will not permit any of their Subsidiaries to:

SECTION 11.1. Limitations on Debt and Guaranty Obligations. Create, incur, assume or
suffer to exist any Debt, including Guaranty Obligations, except:

     (a) the Obligations of the Credit Parties;

     (b) the Five-Year Credit Agreement Obligations;

     (c) Debt existing on the Closing Date (other than the Five-Year Credit Agreement Obligations),
including the Debt as set forth on Schedule 7.1(p);

     (d) Debt in the form of additional credit facilities of the Credit Parties or their
Subsidiaries for borrowings denominated in currencies other than Dollars; provided that the
equivalent Dollar Amount of the aggregate commitment thereunder does not exceed $50,000,000 on any
date of determination;

     (e) Debt of the Credit Parties and their Subsidiaries, not otherwise permitted under this
Section 11.1, incurred in connection with (i) Capitalized Leases, (ii) purchase money Debt, (iii)
Debt of a Subsidiary incurred and outstanding on or prior to the date on which such Subsidiary was
acquired by any Credit Party or otherwise became a Subsidiary of such Credit Party, or Debt assumed
by a Credit Party or a Subsidiary thereof in connection with an asset acquisition which Debt was
outstanding prior to the date of such asset acquisition (in each case, other than Debt incurred as
consideration in, or to provide all or any portion of the funds or credit support utilized to
consummate, the transaction or series of transactions pursuant to which such Subsidiary became a
Subsidiary of such Credit Party or was otherwise acquired by such Credit Party or pursuant to which
such assets were acquired) and (iv) any other unsecured Debt of the Subsidiaries of the Credit
Parties in an aggregate outstanding amount (excluding any attributable Debt from the sale leaseback
transaction involving the Credit Parties’ distribution warehouse at South Hill, Virginia) not to
exceed fifteen percent (15%) of Consolidated Net Worth of the Credit Parties and their Subsidiaries
on any date of determination;

     (f) additional Debt of the Credit Parties, not otherwise permitted under this Section 11.1,
arising under or in connection with public or privately placed notes, debentures, bonds, or debt
securities or related indentures or other agreements (the

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“Additional Debt Securities”) (including in connection with the issuance of exchange
securities in connection with any exchange offer registered under the Securities Act of 1933, as
amended, following a private placement of Additional Debt Securities) so long as no Default or
Event of Default exists on the date any such Additional Debt Security is created or arises as a
result of any borrowing thereunder;

     (g) other Debt of the Credit Parties, not otherwise permitted under this Section 11.1, in an
aggregate outstanding amount not to exceed $300,000,000 on any date of determination;

     (h) Debt of the Credit Parties to any Subsidiary or any other Credit Party and of any
Subsidiary to the Credit Parties or any other Subsidiary;

     (i) Debt incurred in respect of the extension, renewal, refinancing, replacement or refunding
(collectively, the “refinancing”) of Debt incurred pursuant to clause (a), (b), (c) or (e);
provided, that (i) such Debt is an aggregate principal amount (or if incurred with original issue
discount, an aggregate issue price) not in excess of the sum of (x) the aggregate principal amount
(or if incurred with original issue discount, the aggregate accreted value) then outstanding of the
Debt being refinanced and (y) an amount necessary to pay any fees and expenses, including premiums
and defeasance costs, related to such refinancing, (ii) the average life of such Debt is equal to
or greater than the average life of the Debt being refinanced, (iii) the stated maturity of such
Debt is no earlier than the stated maturity of the Debt being refinanced; and (iv) the new Debt
shall not be senior in right of payment to the Debt that is being refinanced; provided,
that none of the Debt permitted to be incurred by this Section shall expressly restrict, limit or
otherwise encumber (unless such restriction, limitation or other encumbrance is a Permitted
Encumbrance (as defined below)), the ability of any Subsidiary of the Credit Parties to make any
payment to the Credit Parties or any of their Subsidiaries (in the form of dividends, intercompany
advances or otherwise) for the purpose of enabling the Credit Parties to pay the Obligations. For
purposes of this Section 11.1, with regard to any Debt, a “Permitted Encumbrance” shall
mean any restriction, limitation or other encumbrance that applies solely if a default or event of
default (other than a default resulting solely from the breach of a representation or warranty)
occurs and is continuing under such Debt; provided further that, with respect to any default or
event of default (other than a payment default, including as a result of acceleration, or a
bankruptcy event with respect to the obligor of such Debt), such encumbrance or restriction may not
prohibit dividends to the Credit Parties or any Subsidiary thereof to pay the Obligations for more
than one hundred eighty (180) days in any consecutive three hundred sixty (360) day period; and

     (j) Debt incurred in connection with the Permitted Investment Policy as in effect on the date
hereof.

SECTION 11.2. [Reserved].

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SECTION 11.3. Limitations on Liens. Create, incur, assume or suffer to exist, any Lien on
or with respect to any of its assets or properties (including without limitation shares of capital
stock or other ownership interests), real or personal, whether now owned or hereafter acquired,
except:

     (a) Liens for taxes, assessments and other governmental charges or levies (excluding any Lien
imposed pursuant to any of the provisions of ERISA or Environmental Laws) not yet due or as to
which the period of grace, if any, related thereto has not expired or which are being contested in
good faith and by appropriate proceedings if adequate reserves are maintained to the extent
required by GAAP;

     (b) the claims of materialmen, mechanics, carriers, warehousemen, processors or landlords for
labor, materials, supplies or rentals incurred in the ordinary course of business, (i) which are
not overdue for a period of more than thirty (30) days or (ii) which are being contested in good
faith and by appropriate proceedings;

     (c) Liens consisting of deposits or pledges made in the ordinary course of business in
connection with, or to secure payment of, obligations under workers’ compensation, unemployment
insurance or similar legislation or obligations under customer service contracts;

     (d) Liens constituting encumbrances in the nature of zoning restrictions, easements and rights
or restrictions of record on the use of real property, which do not, in any case, materially
detract from the value of such property or materially impair the use thereof in the ordinary
conduct of business;

     (e) Liens of the Administrative Agent for the benefit of the Administrative Agent and the
Lenders;

     (f) Liens incurred in the ordinary course of business securing Debt of the Credit Parties
permitted under Section 11.1 not to exceed $75,000,000 in the aggregate outstanding in addition to
Liens existing on the Closing Date;

     (g) Liens existing on any property or asset prior to the acquisition thereof by the Credit
Parties or any Subsidiary or existing on any property or asset of any Person that becomes a
Subsidiary or is merged with or into the Credit Parties or any Subsidiary after the date hereof
prior to the time such Person becomes a Subsidiary or is so merged;

     (h) Liens in existence on the Closing Date and described on Schedule 11.3;

     (i) Liens securing Debt incurred in connection with Capitalized Leases and purchase money Debt
permitted under Section 11.1(e); provided that (i) such Liens shall be created substantially
simultaneously with the acquisition of the related asset, (ii) such Liens do not at any time
encumber any property other than the property financed by such Debt,
(iii) the amount of Debt secured thereby is not increased and (iv) the principal amount of Debt
secured by any such Lien shall at no time exceed one hundred percent (100%) of the original
purchase price of such property at the time it was acquired;

     (j) Liens incurred to secure appeal bonds and judgment and attachment Liens in respect of
judgments or orders that do not constitute an Event of Default under Section 12.1(m);

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     (k) Liens arising solely by virtue of any statutory or common law provision relating to
banker’s liens, rights of setoff or similar rights and remedies, in each case as to deposit
accounts or other funds maintained with a creditor depository institution;

     (l) deposits to secure the performance of bids, trade contracts, leases, statutory
obligations, surety and appeal bonds, performance bonds and other obligations of a like nature, in
each case in the ordinary course of business;

     (m) Liens arising in the ordinary course of business that do not secure monetary obligations;

     (n) Liens arising by the terms of letters of credit entered into in the ordinary course of
business to secure reimbursement obligations thereunder;

     (o) Liens securing Debt or other obligations between the Credit Parties and a Subsidiary or
between Subsidiaries or Credit Parties;

     (p) Liens granted to any bank or other institution securing the payments to be made to such
bank or other institution by the Credit Parties or a Subsidiary of the Credit Parties pursuant to
any Hedging Agreement; provided that, such agreements are entered into in, or are incidental to,
the ordinary course of business;

     (q) The refinancing of any Lien referred to in clause (g), (h), (i) or (p) provided,
that the principal amount of Debt (or, if incurred with original issue discount, an aggregate issue
price) secured thereby and not otherwise authorized by clause (g), (h), (i) or (p) shall not exceed
the principal amount of Debt (or if incurred without original issue discount, the aggregate
accreted value) plus any fees and expenses, including premiums and defeasance costs, payable in
connection with any such extension, renewal, replacement or refunding, so secured at the time of
such extension, renewal, replacement or refunding; and

     (r) Liens incurred in connection with the Permitted Investment Policy as in effect on the date
hereof.

SECTION 11.4. Limitations on Loans, Advances, Investments and Acquisitions. Purchase, own,
invest in or otherwise acquire, directly or indirectly, any capital stock (other than capital stock
of the Credit Parties), interests in any partnership, limited liability company or joint venture
(including without limitation the creation or capitalization of any Subsidiary), evidence of Debt
or other obligation or security, substantially all or a portion of the business or assets of any
other Person or any other investment or interest whatsoever in any other Person, or make or permit
to exist, directly or indirectly, any loans, advances or extensions of credit to, or any investment
in cash or by delivery of property in, any Person, or enter into, directly or indirectly, any
commitment or option in respect of the foregoing (collectively, “Investments”) except:

     (a) Investments in Subsidiaries existing on the Closing Date and the other existing loans,
advances and Investments described on Schedule 11.4;

     (b) Investments made in accordance with the Permitted Investment Policy;

     (c) Investments by the Credit Parties or any Subsidiary in the form of acquisitions, including
acquisitions of all or substantially all of the business or a line of

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business (whether by the acquisition of capital stock, assets or any combination thereof) of any
other Person, so long as (i) a Responsible Officer certifies to the Administrative Agent and the
Required Lenders that no Default or Event of Default has occurred and is continuing or would result
from the closing of such acquisition, such certification to include, for any acquisition involving
a purchase price in excess of $50,000,000, either individually or in a series of related
transactions, a financial condition certificate to which is attached a pro forma balance sheet of
Jones Apparel Group and its Subsidiaries setting forth on a pro forma basis the financial condition
of Jones Apparel Group and its Subsidiaries on a Consolidated basis as of the most recently ended
Fiscal Year, reflecting on a pro forma basis the effect of the transactions contemplated by such
acquisition, including all fees and expenses in connection therewith, and evidencing compliance on
a pro forma basis with the covenants contained in Article X hereof, and (ii) such acquisition meets
either of the following requirements: (A) such acquisition is within a Permitted Line of Business,
or (B) such acquisition is outside a Permitted Line of Business but the price for such acquisition,
together with all other acquisitions outside the Permitted Lines of Business, does not exceed
$50,000,000 in the aggregate;

     (d) Investments (other than acquisitions) in the Permitted Lines of Business;

     (e) Investments (other than acquisitions) outside Permitted Lines of Business not in excess of
$50,000,000 in the aggregate;

     (f) loans and advances to third party contractors in the ordinary course of business and
consistent with past practice not to exceed in an aggregate outstanding amount $6,000,000
(excluding such loans and advances consisting of prepayments or advances for inventory or
services); and loans and advances to employees of the Credit Parties and their Subsidiaries in an
aggregate outstanding amount not to exceed $4,000,000; and

     (g) intercompany loans and advances among the Credit Parties and their Subsidiaries so long as
permitted under the terms of Sections 11.1 and 11.3.

SECTION 11.5. Limitations on Mergers and Liquidation. Merge, consolidate or enter into any
similar combination with any other Person or liquidate, wind-up or dissolve itself (or suffer any
liquidation or dissolution) except so long as no Default or Event of Default has occurred and is
continuing, or would result therefrom:

     (a) any Credit Party may merge or consolidate with or into any Person; provided that (i) such
Credit Party shall be the survivor of such merger or consolidation or (ii) the survivor assumes and
succeeds to the Obligations of such Credit Party pursuant to an assumption agreement in form
reasonably satisfactory to the Administrative Agent and the Required Lenders;

     (b) any Wholly-Owned Subsidiary of the Credit Parties may merge or consolidate with or into
any other Wholly-Owned Subsidiary of the Credit Parties;

     (c) any Wholly-Owned Subsidiary may merge or consolidate with or into the Person such
Wholly-Owned Subsidiary was formed to acquire in connection with an acquisition permitted by
Section 11.4(b), (c) or (d);

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     (d) any Wholly-Owned Subsidiary of the Credit Parties may merge or consolidate with or into
any Credit Party; provided that, such Credit Party is the survivor of such merger or consolidation;
and

     (e) any Credit Party may merge or consolidate with or into any other Credit Party.

SECTION 11.6. Limitations on Sale or Transfer of Assets. Convey, sell, lease, assign,
transfer or otherwise dispose of any of its property, business or assets, whether now owned or
hereafter acquired (collectively, “sale”), except for the following:

     (a) the sale of inventory or the factoring of accounts receivable in the ordinary course
of business;

     (b) the sale of obsolete assets no longer used or usable in the business of the Credit
Parties or any of their Subsidiaries;

     (c) the sale or discount without recourse of accounts receivable arising in the ordinary
course of business in connection with the compromise or collection thereof;

     (d) the sale of assets between the Credit Parties and any Subsidiary or between
Subsidiaries or Credit Parties;

     (e) the sale of any other assets of the Credit Parties and their Subsidiaries outside the
ordinary course of business so long as the total fair market value for all such sales on and after
the Closing Date on an aggregate basis does not at any time exceed thirty-three percent (33%) of
Consolidated Net Worth; and

     (f) the sale of assets purchased in accordance with the Permitted Investment Policy as in
effect on the date hereof.

SECTION 11.7. Limitations on Dividends and Distributions. Declare or pay any dividends
upon any of its capital stock; purchase, redeem, retire or otherwise acquire, directly or
indirectly, any shares of its capital stock, or make any distribution of cash, property or assets
among the holders of shares of its capital stock, or make any change in its capital structure that
could reasonably be expected to have a Material Adverse Effect; provided that: (a) the Credit
Parties may pay dividends solely in shares of their own capital stock or other ownership interest
(including dividends consisting of rights to purchase such capital stock or other ownership
interest), (b) any Subsidiary may pay dividends or make distributions to the Credit Parties or any
Wholly-Owned Subsidiary of the Credit Parties, (c) any Credit Party may pay dividends or make
distributions to any other Credit Party and (d) as long as no Default or Event of Default has
occurred and is continuing or would be created thereby (i) the Credit Parties may declare and pay
dividends on shares of their capital stock or other ownership interests, (ii) the Credit Parties or
any Subsidiary may redeem shares of their capital stock or other ownership interest pursuant to a
plan approved by the Board of Directors of the Credit Parties or
such Subsidiary, as applicable and (iii) the Credit Parties or any Subsidiary may take any action
otherwise prohibited by this Section 11.7.

SECTION 11.8. Transactions with Affiliates. Directly or indirectly enter into, or be a
party to, any transaction with any of its Affiliates, except (i) on terms that are no less
favorable to it than it would obtain in a comparable arm’s length transaction with a Person not its
Affiliate, (ii) without limiting any other provision of this Agreement, in connection with any
acquisition otherwise

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permitted pursuant to the terms of this Agreement or (iii) for transactions between Credit Parties
or between Credit Parties and Subsidiaries of Credit Parties.

SECTION 11.9. Changes in Fiscal Year End. Change its Fiscal Year.

SECTION 11.10. Amendments; Payments and Prepayments of Material Debt and Subordinated
Debt. Upon the occurrence and continuation of a Default or an Event of Default, amend or
modify (or permit the modification or amendment of) in any manner materially adverse to the Lenders
any of the terms or provisions of any Debt in excess of $25,000,000, including without limitation
the Additional Debt Securities, if any, or any Subordinated Debt, or cancel or forgive, make any
voluntary or optional payment or prepayment on, or redeem or acquire for value (including, without
limitation, by way of depositing with any trustee with respect thereto money or securities before
due for the purpose of paying when due) any Subordinated Debt.

ARTICLE XII DEFAULT AND REMEDIES

SECTION 12.1. Events of Default. Each of the following shall constitute an Event of
Default, whatever the reason for such event and whether it shall be voluntary or involuntary or be
effected by operation of law or pursuant to any judgment or order of any court or any order, rule
or regulation of any Governmental Authority or otherwise:

     (a) Default in Payment of Principal of Loans and Reimbursement Obligations. The
Borrower shall default in any payment of principal of any Loan or Reimbursement Obligation when and
as due (whether at maturity, by reason of acceleration or otherwise).

     (b) Other Payment Default. The Borrower shall default in the payment when and as
due (whether at maturity, by reason of acceleration or otherwise) of interest on any Loan or
Reimbursement Obligation or the payment of any other Obligation (other than any Obligation under
any Hedging Agreement), and such default shall continue unremedied for three (3) Business Days.

     (c) Misrepresentation. Any representation or warranty made or deemed to be made by
the Credit Parties or any of their Subsidiaries, if applicable, under this Agreement, any Loan
Document or any amendment hereto or thereto, shall at any time prove to have been incorrect or
misleading in any material respect when made or deemed made.

     (d) Default in Performance of Certain Covenants. Any of the Credit Parties shall
default in the performance or observance of any covenant or agreement contained in Article X or XI
of this Agreement.

     (e) Default in Performance of Other Covenants and Conditions. Any of the Credit
Parties or any Subsidiary thereof, if applicable, shall default in the performance or observance of
any term, covenant, condition or agreement contained in this Agreement (other than as specifically
provided for otherwise in this Section 12.1) or any other Loan Document and such default shall
continue for a period of thirty (30) days after written notice thereof has been given to the
Borrower by the Administrative Agent.

     (f) Hedging Agreement. Any termination payments in an amount greater than
$35,000,000 shall be due by any Credit Party under any Hedging Agreement and such amount is not
paid within thirty (30) Business Days of the due date thereof.

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     (g) Debt Cross-Default. Any of the Credit Parties or any of their Subsidiaries
shall (i) default in the payment of principal or interest on any Debt (other than the Loans or any
Reimbursement Obligation) the aggregate outstanding amount of which Debt is in excess of
$35,000,000, including, without limitation, the obligations under the Five-Year Credit Agreement,
beyond the period of grace if any, provided in the instrument or agreement under which such Debt
was created, or (ii) default in the observance or performance of any other agreement or condition
relating to any Debt (other than the Loans or any Reimbursement Obligation), including, without
limitation, the obligations under the Five-Year Credit Agreement and any other documents executed
in connection therewith, the aggregate outstanding amount of which Debt is in excess of $35,000,000
or contained in any instrument or agreement evidencing, securing or relating thereto or any other
event shall occur or condition exist, the effect of which default or other event or condition is to
cause, or to permit the holder or holders of such Debt (or a trustee or agent on behalf of such
holder or holders) to cause, with the giving of notice if required, any such Debt to become due
prior to its stated maturity (any applicable grace period having expired).

     (h) Change in Control. Any person or group of persons (within the meaning of
Section 13(d) of the Securities Exchange Act of 1934, as amended), other than a Credit Party or any
Subsidiary thereof, shall obtain ownership or control in one or more series of transactions of more
than thirty-three and one-third percent (33.33%) of the common stock or thirty-three and one-third
percent (33.33%) of the voting power of any Credit Party entitled to vote in the election of
members of the Board of Directors of such Credit
Party or there shall have occurred under any indenture or other instrument evidencing any debt in
excess of $35,000,000 any “change in control” (as defined in such indenture or other
evidence of debt) obligating the Borrower to repurchase, redeem or repay all or any part of the
debt or capital stock provided for therein (any such event, a “Change in Control”).
Further, except as set forth in Section 11.5, Jones Apparel Group shall at all times own 100% of
the capital stock of Jones Apparel Group Holdings and Jones Apparel Group Holdings shall at all
times own 100% of the capital stock of the Borrower.

     (i) Voluntary Bankruptcy Proceeding. Any Credit Party or any Subsidiary thereof
shall (i) commence a voluntary case under the federal bankruptcy laws (as now or hereafter in
effect), (ii) file a petition seeking to take advantage of any other laws, domestic or foreign,
relating to bankruptcy, insolvency, reorganization, winding up or composition for adjustment of
debts, (iii) consent to or fail to contest in a timely and appropriate manner any petition filed
against it in an involuntary case under such bankruptcy laws or other laws, (iv) apply for or
consent to, or fail to contest in a timely and appropriate manner, the appointment of, or the
taking of possession by, a receiver, custodian, trustee, or liquidator of itself or of a
substantial part of its property, domestic or foreign, (v) admit in writing its inability to pay
its debts as they become due, (vi) make a general assignment for the benefit of creditors, or (vii)
take any corporate action for the purpose of authorizing any of the foregoing.

     (j) Involuntary Bankruptcy Proceeding. A case or other proceeding shall be
commenced against any Credit Party or any Subsidiary thereof in any court of competent jurisdiction
seeking (i) relief under the federal bankruptcy laws (as now or hereafter in effect) or under any
other laws, domestic or foreign, relating to bankruptcy, insolvency, reorganization, winding up or
adjustment of debts, or (ii) the appointment of a trustee, receiver, custodian, liquidator or the
like for any Credit Party or any Subsidiary thereof or for all or any substantial part of their
respective assets, domestic or foreign, and such case

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or proceeding shall continue without dismissal or stay for a period of sixty (60) consecutive days,
or an order granting the relief requested in such case or proceeding (including, but not limited
to, an order for relief under such federal bankruptcy laws) shall be entered.

     (k) [Reserved]

     (l) Termination Event. The occurrence of any of the following events: (i) the
Borrower or any ERISA Affiliate fails to make full payment to an Employee Benefit Plan when due
(after giving effect to any applicable grace period) of contributions in excess of $2,000,000, (ii)
an accumulated funding deficiency in excess of $2,000,000 occurs or exists, whether or not waived,
with respect to any Pension Plan or (iii) a Termination
Event that could reasonably be expected to result in liability in excess of $5,000,000 to the
Borrower or any ERISA Affiliate.

     (m) Judgment. A judgment or order for the payment of money which causes the
aggregate amount of all such judgments to exceed $35,000,000 in any Fiscal Year shall be entered
against any Credit Party or any Subsidiary thereof by any court and such judgment or order shall
continue without discharge or stay for a period of thirty (30) days.

SECTION 12.2. Remedies. Upon the occurrence of an Event of Default, with the consent of
the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders,
the Administrative Agent shall, by notice to the Credit Parties:

     (a) Acceleration; Termination of Facilities. Declare the principal of and interest
on the Loans, the Reimbursement Obligations at the time outstanding, and all other amounts owed to
the Lenders and to the Administrative Agent under this Agreement or any of the other Loan Documents
(other than any Hedging Agreement) (including, without limitation, all L/C Obligations, whether or
not the beneficiaries of the then outstanding Letters of Credit shall have presented the documents
required thereunder) and all other Obligations (other than Obligations owing under any Hedging
Agreement), to be forthwith due and payable, whereupon the same shall immediately become due and
payable without presentment, demand, protest or other notice of any kind, all of which are
expressly waived, anything in this Agreement or the other Loan Documents to the contrary
notwithstanding, and terminate the Credit Facility and any right of the Borrower to request
borrowings or Letters of Credit thereunder; provided, that upon the occurrence of an Event of
Default specified in Section 12.1(i) or (j) with respect to the Credit Parties, the Credit Facility
shall be automatically terminated and all Obligations (other than obligations owing under any
Hedging Agreement) shall automatically become due and payable.

     (b) Letters of Credit. With respect to all Letters of Credit with respect to which
presentment for honor shall not have occurred at the time of an acceleration pursuant to the
preceding paragraph, require the Borrower at such time to deposit or cause to be deposited in a
cash collateral account opened by the Administrative Agent an amount equal to the Dollar Amount of
the aggregate then undrawn and unexpired amount of such Letters of Credit. Amounts held in such
cash collateral account shall be applied by the Administrative Agent to the payment of drafts drawn
under such Letters of Credit, and the unused portion thereof after all such Letters of Credit shall
have expired or been fully drawn upon, if any, shall be applied to repay the other Obligations.
After all such Letters

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of Credit shall have expired or been fully drawn upon, the Reimbursement Obligation shall have been
satisfied and all other Obligations shall have been paid in full, the
balance, if any, in such cash collateral account shall be promptly returned to the Borrower.

     (c) Rights of Collection. Exercise on behalf of the Lenders all of its other
rights and remedies under this Agreement, the other Loan Documents and Applicable Law, in order to
satisfy all of the Obligations.

SECTION 12.3. Rights and Remedies Cumulative; Non-Waiver; Etc. The enumeration of the
rights and remedies of the Administrative Agent and the Lenders set forth in this Agreement is not
intended to be exhaustive and the exercise by the Administrative Agent and the Lenders of any right
or remedy shall not preclude the exercise of any other rights or remedies, all of which shall be
cumulative, and shall be in addition to any other right or remedy given hereunder or under the Loan
Documents or that may now or hereafter exist in law or in equity or by suit or otherwise. No delay
or failure to take action on the part of the Administrative Agent or any Lender in exercising any
right, power or privilege shall operate as a waiver thereof, nor shall any single or partial
exercise of any such right, power or privilege preclude other or further exercise thereof or the
exercise of any other right, power or privilege or shall be construed to be a waiver of any Event
of Default. No course of dealing between the Credit Parties, the Administrative Agent and the
Lenders or their respective agents or employees shall be effective to change, modify or discharge
any provision of this Agreement or any of the other Loan Documents or to constitute a waiver of any
Event of Default.

ARTICLE XIII THE ADMINISTRATIVE AGENT

SECTION 13.1. Appointment. Each of the Lenders hereby irrevocably designates and appoints
Wachovia as Administrative Agent of such Lender under this Agreement and the other Loan Documents
for the term hereof and each such Lender irrevocably authorizes Wachovia as Administrative Agent
for such Lender, to take such action on its behalf under the provisions of this Agreement and the
other Loan Documents and to exercise such powers and perform such duties as are expressly delegated
to the Administrative Agent by the terms of this Agreement and such other Loan Documents, together
with such other powers as are reasonably incidental thereto. Notwithstanding any provision to the
contrary elsewhere in this Agreement or such other Loan Documents, the Administrative Agent shall
not have any duties or responsibilities, except those expressly set forth herein and therein, or
any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities,
duties, obligations or liabilities shall be read into this Agreement or the other Loan Documents or
otherwise exist against the Administrative Agent. Any reference to the Administrative Agent in this
Article XIII shall be deemed to refer to the Administrative Agent solely in its capacity as
Administrative Agent and not in its capacity as a Lender.

SECTION 13.2. Delegation of Duties. The Administrative Agent may execute any of its
respective duties under this Agreement and the other Loan Documents by or through agents or
attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to
such duties. The Administrative Agent shall not be responsible for
the negligence or misconduct of any agents or attorneys-in-fact selected by the Administrative
Agent with reasonable care.

SECTION 13.3. Exculpatory Provisions. Neither the Administrative Agent nor any of its
officers, directors, employees, agents, attorneys-in-fact, Subsidiaries or Affiliates shall be (a)
liable for any action lawfully taken or omitted to be taken by it or such Person under or in

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connection with this Agreement or the other Loan Documents (except for actions occasioned solely by
its or such Person’s own gross negligence or willful misconduct), or (b) responsible in any manner
to any of the Lenders for any recitals, statements, representations or warranties made by the
Borrower or any of its Subsidiaries or any officer thereof contained in this Agreement or the other
Loan Documents or in any certificate, report, statement or other document referred to or provided
for in, or received by the Administrative Agent under or in connection with, this Agreement or the
other Loan Documents or for the value, validity, effectiveness, genuineness, enforceability or
sufficiency of this Agreement or the other Loan Documents or for any failure of the Borrower or any
of its Subsidiaries to perform its obligations hereunder or thereunder. The Administrative Agent
shall not be under any obligation to any Lender to ascertain or to inquire as to the observance or
performance of any of the agreements contained in, or conditions of, this Agreement, or to inspect
the properties, books or records of the Borrower or any of its Subsidiaries.

SECTION 13.4. Reliance by the Administrative Agent. The Administrative Agent shall be
entitled to rely, and shall be fully protected in relying, upon any note, writing, resolution,
notice, consent, certificate, affidavit, letter, cablegram, telegram, telecopy, telex or teletype
message, statement, order or other document or conversation believed by it to be genuine and
correct and to have been signed, sent or made by the proper Person or Persons and upon advice and
statements of legal counsel (including, without limitation, counsel to the Borrower), independent
accountants and other experts selected by the Administrative Agent. The Administrative Agent may
deem and treat the holder of any Revolving Credit Loan as the owner thereof for all purposes unless
such Revolving Credit Loan shall have been transferred in accordance with Section 14.10 hereof. The
Administrative Agent shall be fully justified in failing or refusing to take any action under this
Agreement and the other Loan Documents unless it shall first receive such advice or concurrence of
the Required Lenders (or, when expressly required hereby or by the relevant other Loan Document,
the Required Agreement Lenders or all the Lenders) as it deems appropriate or it shall first be
indemnified to its satisfaction by the Lenders against any and all liability and expense which may
be incurred by it by reason of taking or continuing to take any such action except for its own
gross negligence or willful misconduct. The Administrative Agent shall in all cases be fully
protected in acting, or in refraining from acting, under this Agreement and the other Loan
Documents in
accordance with a request of the Required Lenders (or, when expressly required hereby, the Required
Agreement Lenders or all the Lenders), and such request and any action taken or failure to act
pursuant thereto shall be binding upon all the Lenders and all future holders of the Loans.

SECTION 13.5. Notice of Default. The Administrative Agent shall not be deemed to have
knowledge or notice of the occurrence of any Default or Event of Default hereunder unless it has
received notice from a Lender or the Borrower referring to this Agreement, describing such Default
or Event of Default and stating that such notice is a “notice of default”. In the event
that the Administrative Agent receives such a notice, it shall promptly give notice thereof to the
Lenders. The Administrative Agent shall take such action with respect to such Default or Event of
Default as shall be reasonably directed by the Required Lenders; provided that unless and until the
Administrative Agent shall have received such directions, the Administrative Agent may (but shall
not be obligated to) take such action, or refrain from taking such action, with respect to such
Default or Event of Default as it shall deem advisable in the best interests of the Lenders, except
to the extent that other provisions of this Agreement expressly require that any such action be
taken or not be taken only with the consent and authorization or the request of the Lenders, the
Required Agreement Lenders or Required Lenders, as applicable.

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SECTION 13.6. Non-Reliance on the Administrative Agent and Other Lenders. Each Lender
expressly acknowledges that neither the Administrative Agent nor any of its respective officers,
directors, employees, agents, attorneys-in-fact, Subsidiaries or Affiliates has made any
representations or warranties to it and that no act by the Administrative Agent hereinafter taken,
including any review of the affairs of the Borrower or any of its Subsidiaries, shall be deemed to
constitute any representation or warranty by the Administrative Agent to any Lender. Each Lender
represents to the Administrative Agent that it has, independently and without reliance upon the
Administrative Agent or any other Lender, and based on such documents and information as it has
deemed appropriate, made its own appraisal of and investigation into the business, operations,
property, financial and other condition and creditworthiness of the Borrower and its Subsidiaries
and made its own decision to make its Loans and issue or participate in Letters of Credit hereunder
and enter into this Agreement. Each Lender also represents that it will, independently and without
reliance upon the Administrative Agent or any other Lender, and based on such documents and
information as it shall deem appropriate at the time, continue to make its own credit analysis,
appraisals and decisions in taking or not taking action under this Agreement and the other Loan
Documents, and to make such investigation as it deems necessary to inform itself as to the
business, operations, property, financial and other condition and creditworthiness of the Borrower
and its Subsidiaries. Except for notices, reports and other documents expressly required to be
furnished to the Lenders by the Administrative Agent hereunder or by the other Loan Documents, the
Administrative Agent shall not have any duty or responsibility to
provide any Lender with any credit or other information concerning the business, operations,
property, financial and other condition or creditworthiness of the Borrower or any of its
Subsidiaries which may come into the possession of the Administrative Agent or any of its
respective officers, directors, employees, agents, attorneys-in-fact, Subsidiaries or Affiliates.

SECTION 13.7. Indemnification. The Lenders agree to indemnify the Administrative Agent in
its capacity as such and (to the extent not reimbursed by the Borrower and without limiting the
obligation of the Borrower to do so), ratably according to the respective amounts of their
Revolving Credit Commitment Percentage from and against any and all liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind
whatsoever which may at any time (including, without limitation, at any time following the payment
of the Loans or any Reimbursement Obligation) be imposed on, incurred by or asserted against the
Administrative Agent in any way relating to or arising out of this Agreement or the other Loan
Documents, or any documents contemplated by or referred to herein or therein or the transactions
contemplated hereby or thereby or any action taken or omitted by the Administrative Agent under or
in connection with any of the foregoing; provided that no Lender shall be liable for the payment of
any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments,
suits, costs, expenses or disbursements to the extent they result from the Administrative Agent’s
bad faith, gross negligence or willful misconduct. The agreements in this Section 13.7 shall
survive the payment of the Loans, any Reimbursement Obligation and all other amounts payable
hereunder and the termination of this Agreement.

SECTION 13.8. The Administrative Agent in Its Individual Capacity. The Administrative
Agent and its respective Subsidiaries and Affiliates may make loans to, accept deposits from and
generally engage in any kind of business with the Borrower as though the Administrative Agent were
not an Administrative Agent hereunder. With respect to any Loans made or renewed by it and with
respect to any Letter of Credit issued by it or participated in by it, the Administrative Agent
shall have the same rights and powers under this Agreement and the other Loan Documents as any
Lender and may exercise the same as though it were not an Administrative Agent, and the terms
“Lender” and “Lenders” shall include the Administrative Agent in its individual
capacity.

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SECTION 13.9. Resignation of the Administrative Agent; Successor Administrative Agent.
Subject to the appointment and acceptance of a successor as provided below, the Administrative
Agent may resign at any time by giving notice thereof to the Lenders and the Credit Parties. Upon
any such resignation, the Required Lenders shall have the right, subject to the approval of the
Credit Parties (so long as no Default or Event of Default has occurred and is continuing), to
appoint a successor Administrative Agent, which successor shall have minimum capital and surplus of
at least $500,000,000. If no
successor Administrative Agent shall have been so appointed by the Required Lenders, been approved
(so long as no Default or Event of Default has occurred and is continuing) by the Credit Parties or
have accepted such appointment within thirty (30) days after the Administrative Agent’s giving of
notice of resignation, then the Administrative Agent may, on behalf of the Lenders, appoint a
successor Administrative Agent reasonably acceptable to the Credit Parties (so long as no Default
or Event of Default has occurred and is continuing), which successor shall have minimum capital and
surplus of at least $500,000,000. Upon the acceptance of any appointment as Administrative Agent
hereunder by a successor Administrative Agent, such successor Administrative Agent shall thereupon
succeed to and become vested with all rights, powers, privileges and duties of the retiring
Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and
obligations hereunder. After any retiring Administrative Agent’s resignation hereunder as
Administrative Agent, the provisions of this Section 13.9 shall continue in effect for its benefit
in respect of any actions taken or omitted to be taken by it while it was acting as Administrative
Agent.

SECTION 13.10. Syndication and Documentation Agents. Each Syndication Agent in its
capacity as Syndication Agent and each documentation agent in its capacity as documentation agent
shall have no duties or responsibilities and no liabilities under this Agreement or any other Loan
Document but shall be entitled, in such capacity, to the same protections afforded to the
Administrative Agent under this Article XIII.

ARTICLE XIV MISCELLANEOUS

SECTION 14.1. Notices. (a) Method of Communication. Except as otherwise provided
in this Agreement, all notices and communications hereunder shall be in writing, or by telephone
subsequently confirmed in writing. Any notice shall be effective if delivered by hand delivery or
sent via telecopy, recognized overnight courier service or certified mail, return receipt
requested, and shall be presumed to be received by a party hereto (i) on the date of delivery if
delivered by hand or sent by telecopy, (ii) on the next Business Day if sent by recognized
overnight courier service and (iii) on the third (3rd) Business Day following the date
sent by certified mail, return receipt requested. A telephonic notice to the Administrative Agent
as understood by the Administrative Agent will be deemed to be the controlling and proper notice in
the event of a discrepancy with or failure to receive a confirming written notice.

          (b) Addresses for Notices. Notices to any party shall be sent to it at the
following addresses, or any other address as to which all the other parties are notified in
writing.

If to the Credit Parties:

Jones Apparel Group, Inc.

250 Rittenhouse Circle

Bristol, Pennsylvania 19007

Attention: Chief Financial Officer

Telephone No.: (215) 785-4000

Telecopy No.: (215) 785-1228

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If to Wachovia:

Wachovia Bank, National Association

Administrative Agent:

201 South College Street, CP-8

Charlotte, NC 28288-0680

Attention: Syndication Agency Services

Telephone No: 704-715-1353

Telecopy No: 704-383-0288

With copies to:

Wachovia Bank, National Association

Administrative Agent:

1339 Chestnut Street, PA4830

Philadelphia, PA 19107

Attention: Susan T. Gallagher

Telephone No: 267-321-6712

Telecopy No: 267-321-6700

If to any Lender:

To the Address set forth on Schedule 1.1(a) hereto

        (c) Administrative Agent’s Office. The Administrative Agent hereby designates
its office located at the address set forth above, or any subsequent office which shall have been
specified for such purpose by written notice to the Borrower and the Lenders, as the Administrative
Agent’s Office referred to herein, to which payments due are to be made and at which Loans will be
disbursed.

SECTION 14.2. Expenses; Indemnity. The Borrower will (a) pay all reasonable out-of-pocket
expenses of the Administrative Agent in connection with (i) the preparation, execution and delivery
of this Agreement and each other Loan Document, whenever the same shall be executed and delivered,
including without limitation the reasonable out-of-pocket syndication and due diligence expenses
and reasonable fees and disbursements of counsel for the Administrative Agent and (ii) the
preparation, execution and delivery of any waiver, amendment or consent by the Administrative Agent
or the Lenders relating to this Agreement or any other Loan Document, including without limitation
reasonable fees and disbursements of counsel for the Administrative Agent, (b) pay all reasonable
out-of-pocket expenses of the Administrative Agent actually incurred in connection with the
administration of the Credit Facility, (c) pay all reasonable out-of-pocket expenses of the
Administrative Agent and each Lender actually incurred in connection with the enforcement of any
rights and remedies of the Administrative Agent and the Lenders under the Credit Facility,
including to the extent reasonable under the circumstances consulting with accountants, attorneys
and other Persons concerning the nature, scope or value of any right or remedy of the
Administrative Agent or any Lender hereunder or under any other Loan Document or any factual
matters in connection therewith, which expenses shall include without limitation the reasonable
fees and disbursements of such Persons, and (d) defend, indemnify and hold harmless the
Administrative Agent and the Lenders, and their respective parents, Subsidiaries, Affiliates,
employees, Administrative Agents, officers and directors, from and against any losses, penalties,
fines, liabilities, settlements, damages, costs and expenses, suffered by any such Person in
connection with any claim, investigation, litigation or other proceeding

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(whether or not the Administrative Agent or any Lender is a party thereto) and the prosecution and
defense thereof, arising out of or in any way connected with this Agreement, any other Loan
Document or the Loans, including without limitation reasonable attorney’s and consultant’s fees,
except to the extent that any of the foregoing result from the gross negligence or willful
misconduct of any indemnified party.

SECTION 14.3. Set-off. In addition to any rights now or hereafter granted under Applicable
Law and not by way of limitation of any such rights, upon and after the occurrence of any Event of
Default and during the continuance thereof, the Lenders and any assignee or participant of a Lender
in accordance with Section 14.10 are hereby authorized by the Credit Parties at any time or from
time to time, without notice to the Credit Parties or to any other Person, any such notice being
hereby expressly waived, to set off and to appropriate and to apply any and all deposits (general
or special, time or demand, including, but not limited to, indebtedness evidenced by certificates
of deposit, whether matured or unmatured) and any other indebtedness at any time held or owing by
the Lenders, or any such assignee or participant to or for the credit or the account of the
Borrower against and on account of the Obligations irrespective of whether or not (a) the Lenders
shall have made any demand under this Agreement or any of the other Loan Documents or (b) the
Administrative Agent shall have declared any or all of the Obligations to be due and payable as
permitted by Section 12.2 and although such Obligations shall be contingent or unmatured.

SECTION 14.4. Governing Law. This Agreement, the Notes and the other Loan Documents,
unless otherwise expressly set forth therein, shall be governed by, construed and enforced in
accordance with the laws of the State of New York.

SECTION 14.5. Consent to Jurisdiction. Each of the parties hereto hereby irrevocably
consents to the personal jurisdiction of the state and federal courts located in New York County,
New York, in any action, claim or other proceeding arising out of any dispute in connection with
this Agreement and the other Loan Documents, any rights or obligations hereunder or thereunder, or
the performance of such rights and obligations. Each of the parties hereto hereby irrevocably
consents to the service of a summons and complaint and other process in any action, claim or
proceeding brought by any other party hereto in connection with this Agreement or the other Loan
Documents, any rights or obligations hereunder or thereunder, or the performance of such rights and
obligations, on behalf of itself or its property, in the manner specified in Section 14.1. Nothing
in this Section 14.5 shall affect the right of any of the parties hereto to serve legal process in
any other manner permitted by Applicable Law or affect the right of any of the parties hereto to
bring any action or proceeding against any other party hereto or its properties in the courts of
any other jurisdictions.

SECTION 14.6. Waiver of Jury Trial. THE ADMINISTRATIVE AGENT, EACH LENDER AND EACH CREDIT
PARTY HEREBY ACKNOWLEDGE THEY IRREVOCABLY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL WITH
RESPECT TO ANY ACTION, CLAIM OR OTHER PROCEEDING ARISING OUT OF ANY JUDICIAL PROCEEDING, ANY
DISPUTE, CLAIM OR CONTROVERSY ARISING OUT OF, CONNECTED WITH OR RELATING TO THE LOAN DOCUMENTS
(“Dispute”) IN CONNECTION WITH THIS AGREEMENT, THE NOTES OR THE OTHER LOAN DOCUMENTS, ANY
RIGHTS OR OBLIGATIONS HEREUNDER OR THEREUNDER, OR THE PERFORMANCE OF SUCH RIGHTS AND OBLIGATIONS.

SECTION 14.7. Reversal of Payments. To the extent any Credit Party makes a payment or
payments to the Administrative Agent for the ratable benefit of the Lenders or the Administrative

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Agent receives any payment or proceeds of the collateral which payments or proceeds or any part
thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or
required to be repaid to a trustee, receiver or any other party under any bankruptcy law, state or
federal law, common law or equitable cause, then, to the extent of such payment or proceeds repaid,
the Obligations or part thereof intended to be satisfied shall be revived and continued in full
force and effect as if such payment or proceeds had not been received by the Administrative Agent.

SECTION 14.8. Injunctive Relief; Punitive Damages. (a) Each of the parties to this
Agreement recognizes that, in the event such party fails to perform, observe or discharge any of
its obligations or liabilities under this Agreement, any remedy of law may prove to be inadequate
relief to the other parties hereto. Therefore, each of the parties hereto
agrees that the other parties hereto, at such other party’s option, shall be entitled to pursue
temporary and permanent injunctive relief in any such case without the necessity of proving actual
damages.

          (b) The Administrative Agent, the Lenders and the Credit Parties (on behalf of
themselves and their Subsidiaries) hereby agree that no such Person shall have a remedy of punitive
or exemplary damages against any other party to a Loan Document and each such Person hereby waives
any right or claim to punitive or exemplary damages that they may now have or may arise in the
future in connection with any Dispute, whether such Dispute is resolved through arbitration or
judicially.

SECTION 14.9. Accounting Matters. Except as otherwise expressly provided herein, all terms
of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from
time to time, provided that, if the Borrower notifies the Administrative Agent that the Borrower
requests an amendment to any provision hereof to eliminate the effect of any change occurring after
the date hereof in GAAP or in the application thereof on the operation of such provision (or if the
Administrative Agent notifies the Borrower that the Required Lenders request an amendment to any
provision hereof for such purpose), regardless of whether any such notice is given before or after
such change in GAAP or in the application thereof, then such provision shall be interpreted on the
basis of GAAP as in effect and applied immediately before such change shall have become effective
until such notice shall have been withdrawn or such provision amended in accordance therewith.

SECTION 14.10. Successors and Assigns; Participations. (a) Benefit of Agreement.
This Agreement shall be binding upon and inure to the benefit of the Credit Parties, the
Administrative Agent and the Lenders, all future holders of the Notes, and their respective
successors and permitted assigns, except that the Borrower shall not assign or transfer any of its
rights or obligations under this Agreement without the prior written consent of each Lender other
than pursuant to Section 11.5.

          (b) Assignment by Lenders. Each Lender may, with the consent of the Borrower
(so long as no Default or Event of Default has occurred and is continuing) and the consent of the
Administrative Agent, which consents shall not be unreasonably withheld or delayed, assign to one
or more Eligible Assignees all or a portion of its interests, rights and obligations under this
Agreement (including, without limitation, all or a portion of the Extensions of Credit (other than
Competitive Bid Loans) at the time owing to it and the Revolving Credit Notes held by it); provided
that:

     (i) each such assignment shall be of a constant, and not a varying, percentage of all the
assigning Lender’s Revolving Credit Commitment and all other

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rights and obligations under this Agreement (other than any right to make Competitive Bid Loans,
Competitive Bid Loans owing to it and Competitive Bid Notes);

     (ii) if less than all of the assigning Lender’s Revolving Credit Commitment or Revolving
Credit Loans is to be assigned, the Revolving Credit Commitment or Revolving Credit Loans so
assigned shall not be less than $5,000,000;

     (iii) the parties to each such assignment shall execute and deliver to the Administrative
Agent, for its acceptance and recording in the Register, an Assignment and Acceptance in the form
of Exhibit G attached hereto (an “Assignment and Acceptance”), together with any Revolving
Credit Note or Revolving Credit Notes subject to such assignment;

     (iv) such assignment shall not, without the consent of the Borrower, on behalf of itself
and the other Credit Parties, require the Borrower, or any other Credit Party, to file a
registration statement with the Securities and Exchange Commission or apply to or qualify the
Revolving Credit Loans or the Revolving Credit Notes under the blue sky laws of any state;

     (v) the assigning Lender shall pay to the Administrative Agent an assignment fee of $3,000
upon the execution by such Lender of the Assignment and Acceptance; provided that no such fee shall
be payable upon any assignment by a Lender to an Affiliate thereof; and

     (vi) no consents will be required for assignments where the Eligible Assignee is an
Affiliate of the assigning Lender.

          Upon such execution, delivery, acceptance and recording, from and after the effective
date specified in each Assignment and Acceptance, which effective date shall be at least ten (10)
Business Days after the execution thereof, (A) the assignee thereunder shall be a party hereto and,
to the extent of the interest assigned in such Assignment and Acceptance, have the rights and
obligations of a Lender hereby and (B) the Lender thereunder shall, to the extent of the interest
assigned in such assignment, be released from its obligations under this Agreement.

          (c) Rights and Duties upon Assignment. By executing and delivering an
Assignment and Acceptance, the assigning Lender thereunder and the assignee thereunder confirm to
and agree with each other and the other parties hereto as set forth in such Assignment and
Acceptance.

          (d) Register. The Administrative Agent shall maintain a copy of each
Assumption Agreement and each Assignment and Acceptance delivered to it and record the names and
addresses of the Lenders and the amount of the Extensions of Credit with respect to each Lender
from time to time in the Register.

          No assignment shall be effective for purposes of this Agreement unless it has been
recorded in the Register as provided in this paragraph. The entries in the Register shall be
conclusive, in the absence of manifest error, and the Borrower, the Administrative Agent and the
Lenders may treat each person whose name is recorded in the Register as a Lender hereunder for all
purposes of this Agreement. The Register shall be available for inspection by the Borrower or any
Lender at any reasonable time and from time to time upon reasonable prior notice.

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          (e) Issuance of New Revolving Credit Notes. Upon its receipt of an Assignment
and Acceptance executed by an assigning Lender and an Eligible Assignee together with any Revolving
Credit Note or Revolving Credit Notes if any have been issued pursuant to this Agreement, subject
to such assignment and the written consent to such assignment, the Administrative Agent shall, if
such Assignment and Acceptance has been completed and is substantially in the form of Exhibit G:

     (i) accept such Assignment and Acceptance;

     (ii) record the information contained therein in the Register;

     (iii) give prompt notice thereof to the Lenders and the Borrower, on behalf of itself and
the other Credit Parties; and

     (iv) promptly deliver a copy of such Assignment and Acceptance to the Borrower.

          Within ten (10) Business Days after receipt of notice, if requested by the Eligible
Assignee the Borrower shall execute and deliver to the Administrative Agent, in exchange for the
surrendered Revolving Credit Note or Revolving Credit Notes, a new Revolving Credit Note or
Revolving Credit Notes to the order of such Eligible Assignee in amounts equal to the Revolving
Credit Commitment assumed by it pursuant to such Assignment and Acceptance and a new Revolving
Credit Note or Revolving Credit Notes to the order of the assigning Lender in an amount equal to
the Revolving Credit Commitment retained by it hereunder. Such new Revolving Credit Note or
Revolving Credit Notes shall be in an aggregate principal amount equal to the aggregate principal
amount of such surrendered Revolving Credit Note or Revolving Credit Notes, shall be dated the
effective date of such Assignment and Acceptance and shall otherwise be in substantially the form
of the assigned Revolving Credit Notes delivered to the assigning Lender. Each surrendered
Revolving Credit Note or Revolving Credit Notes shall be canceled and returned to the Borrower.

          (f) Participations. Each Lender may sell participations to one or more banks
or other entities in all or a portion of its rights and/or obligations under this Agreement
(including, without limitation, all or a portion of its Extensions of Credit and the Notes held by
it); provided that:

     (i) each such participation shall be in an amount not less than $5,000,000;

     (ii) such Lender’s obligations under this Agreement (including, without limitation, its
Revolving Credit Commitment) shall remain unchanged;

     (iii) such Lender shall remain solely responsible to the other parties hereto for the
performance of such obligations;

     (iv) the Credit Parties, the Administrative Agent and the other Lenders shall continue to
deal solely and directly with such Lender in connection with such Lender’s rights and obligations
under this Agreement;

     (v) such Lender shall not permit such participant the right to approve any waivers,
amendments or other modifications to this Agreement or any other Loan Document other than waivers,
amendments or modifications which would reduce the

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principal of or the interest rate on any Revolving Credit Loan or Reimbursement Obligation, extend
the term or increase the amount of the Revolving Credit Commitment, reduce the amount of any fees
to which such participant is entitled, or extend any scheduled payment date for principal, interest
or fees of any Revolving Credit Loan, except as expressly contemplated hereby or thereby; and

     (vi) any such disposition shall not, without the consent of the Borrower, on behalf of
itself and the other Credit Parties, require the Borrower or any other Credit Party, to file a
registration statement with the Securities and Exchange Commission or apply to or qualify the
Revolving Credit Loans or the Revolving Credit Notes under the blue sky law of any state.

          (g) Disclosure of Information; Confidentiality. Each of the Administrative
Agent, the Issuing Lenders and the Lenders agrees to maintain the confidentiality of the
Information (as defined below), except that Information may be disclosed (a) to its and its
Affiliates’ directors, officers, employees and agents, including accountants, legal counsel and
other advisors and representatives (collectively, “Representatives”) (it being understood that the
Persons to whom such disclosure is made will be informed of the confidential nature of such
Information and instructed to keep such Information confidential), (b) to the extent requested by
any regulatory authority, (c) to the extent required by Applicable Laws or regulations or by any
subpoena or similar legal process, (d) to any other party to this Agreement, (e) in connection with
the exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement
or the enforcement of rights hereunder, (f) subject to an agreement containing provisions
substantially the same as those of this Section, to any assignee of or Participant in, or any
prospective assignee of or Participant in, any of its rights or obligations under this
Agreement, (g) with the prior written consent of the Credit Parties, (h) to the extent such
Information (A) becomes publicly available other than as a result of a breach of this Section or
(B) becomes available to the Administrative Agent, the Issuing Lenders or any Lender on a
nonconfidential basis from a source other than the Credit Parties or (i) to Gold Sheets and other
similar bank trade publications, such information to consist of deal terms and other information
(customarily found in such publications) upon the Credit Parties’ prior review and approval, which
shall not be unreasonably withheld or delayed. For the purposes of this Section,
“Information” means all information received from the Credit Parties or any of their
Subsidiaries relating to the Credit Parties or their business, other than any such information that
is available to the Administrative Agent, any Issuing Lender or any Lender on a nonconfidential
basis prior to disclosure by the Credit Parties; provided that, in the case of information received
from the Credit Parties after the Closing Date (other than certificates or other information
specifically required by the terms of this Agreement), such information is clearly identified at
the time of delivery as confidential. Any Person required to maintain the confidentiality of
Information as provided in this Section shall be considered to have complied with its obligation to
do so if such Person has exercised the same degree of care to maintain the confidentiality of such
Information as such Person would accord to its own confidential information.

          (h) Special Purpose Funding Vehicles. Notwithstanding anything to the contrary
contained herein, any Lender (a “Granting Lender”) may grant to a special purpose funding
vehicle organized for the specific purpose of making or acquiring participations or investing in
loans of the type made pursuant to this Agreement (a “SPC”), correctly identified as such
in writing from time to time by the Granting Lender to the Administrative Agent and the Borrower,
the option to provide to the Borrower all or any part of any Extension of Credit that such Lender
would otherwise be obligated to make to the Borrower pursuant to this Agreement; provided that (i)
nothing herein shall constitute a commitment by any SPC to make any Extension of Credit and

71

 

(ii) if an SPC elects not to exercise such option or otherwise fails to provide all or any
part of such Extension of Credit, the Granting Lender shall be obligated to make such Extension of
Credit pursuant to the terms hereof. The making of an Extension of Credit by an SPC hereunder shall
utilize the Revolving Credit Commitment of the Granting Lender to the same extent, and as if, such
Extension of Credit were made by such Granting Lender. Each party hereto hereby agrees that no SPC
shall be liable for any indemnity or similar payment obligation under this Agreement (all liability
for which shall remain with the Granting Lender). In furtherance of the foregoing, each party
hereto hereby agrees (which agreement shall survive the termination of this Agreement) that, prior
to the date that is one year and one day after the payment in full of all outstanding commercial
paper or other senior indebtedness of any SPC, it will not institute against, or join any other
person in instituting against, such SPC any bankruptcy, reorganization, arrangement, insolvency or
liquidation proceedings under the laws of the United States or
any State thereof. In addition, notwithstanding anything to the contrary contained in this clause,
any SPC may (i) with notice to, but without the prior written consent of, the Borrower and the
Administrative Agent and without paying any processing fee therefor, assign all or a portion of its
interest in any Extension of Credit to the Granting Lender or to any financial institution
(consented to by the Borrower and Administrative Agent) providing liquidity and/or credit support
to or for the account of such SPC to support the funding or maintenance of Extensions of Credit and
(ii) disclose on a confidential basis any non-public information relating to Extensions of Credit
to any rating agency, commercial paper dealer or provider of any surety, guarantee or credit or
liquidity enhancement to such SPC. This clause may not be amended without the written consent of
each SPC.

          (i) Certain Pledges or Assignments. Nothing herein shall prohibit any Lender
from pledging or assigning any Note to any Federal Reserve Bank in accordance with Applicable Law.

SECTION 14.11. Amendments, Waivers and Consents. Except as set forth below, any term,
covenant, agreement or condition of this Agreement or any of the other Loan Documents may be
amended or waived by the Lenders, and any consent given by the Lenders, if, but only if, (a) in the
case of an amendment, waiver or consent for which a substantially similar corresponding amendment,
waiver or consent with regard to the Five-Year Credit Agreement will be made effective thereunder
contemporaneously, such amendment, waiver or consent is in writing signed by the Required Lenders
(or by the Administrative Agent with the consent of the Required Lenders) and delivered to the
Administrative Agent and, in the case of an amendment, signed by the Credit Parties and (b) in the
case of any other amendment, waiver or consent specifically impacting only this Agreement and the
other Loan Documents, such amendment, waiver or consent is in writing signed by the Required
Agreement Lenders (or by the Administrative Agent with the consent of the Required Agreement
Lenders) and delivered to the Administrative Agent and, in the case of an amendment, signed by the
Credit Parties; provided, in each case, that:

     (a) no amendment, waiver or consent shall (i) release any of the Credit Parties, (ii)
increase the amount or extend the time of the obligation of the Lenders to make Revolving Credit
Loans or issue or participate in Letters of Credit, (iii) extend the originally scheduled time or
times of payment of the principal of any Revolving Credit Loan or Reimbursement Obligation or the
time or times of payment of interest or fees on any Revolving Credit Loan or Reimbursement
Obligation, (iv) reduce the rate of interest or fees payable on any Revolving Credit Loan or
Reimbursement Obligation, (v) reduce the principal amount of any Revolving Credit Loan or
Reimbursement Obligation, (vi) permit any subordination of the principal or interest on any
Revolving Credit Loan or Reimbursement Obligation, (vii) permit any assignment (other than as
specifically

72

 

permitted or contemplated in this Agreement) of any of the Credit Parties’ rights and obligations
hereunder or (viii) amend the provisions of this Section 14.11 or the definition of Required
Lenders or Required Agreement Lenders, without the prior written consent of each Lender affected
thereby; and

     (b) no amendment, waiver or consent to the provisions of (i) Article XIII shall be made
without the written consent of the Administrative Agent and (ii) Article III without the written
consent of each Issuing Lender affected thereby.

73

 

SECTION 14.12. Performance of Duties. The Credit Parties’ obligations under this Agreement
and each of the Loan Documents shall be performed by the Credit Parties at their sole cost and
expense.

SECTION 14.13. All Powers Coupled with Interest. All powers of attorney and other
authorizations granted to the Lenders, the Administrative Agent and any Persons designated by the
Administrative Agent or any Lender pursuant to any provisions of this Agreement or any of the other
Loan Documents shall be deemed coupled with an interest and shall be irrevocable so long as any of
the Obligations remain unpaid or unsatisfied or the Credit Facility has not been terminated.

SECTION 14.14. Survival of Indemnities. Notwithstanding any termination of this Agreement,
the indemnities to which the Administrative Agent and the Lenders are entitled under the provisions
of this Article XIV and any other provision of this Agreement and the Loan Documents shall continue
in full force and effect and shall protect the Administrative Agent and the Lenders against events
arising after such termination as well as before.

SECTION 14.15. Titles and Captions. Titles and captions of Articles, Sections and
subsections in this Agreement are for convenience only, and neither limit nor amplify the
provisions of this Agreement.

SECTION 14.16. Severability of Provisions. Any provision of this Agreement or any other
Loan Document which is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective only to the extent of such prohibition or unenforceability without
invalidating the remainder of such provision or the remaining provisions hereof or thereof or
affecting the validity or enforceability of such provision in any other jurisdiction.

SECTION 14.17. Counterparts. This Agreement may be executed in any number of counterparts
and by different parties hereto in separate counterparts, each of which when so executed shall be
deemed to be an original and shall be binding upon all parties, their successors and assigns, and
all of which taken together shall constitute one and the same
agreement. Delivery of any executed counterpart of a signature page of this Agreement by telecopy
shall be effective as delivery of a manually executed counterpart of this Agreement.

SECTION 14.18. Term of Agreement. This Agreement shall remain in effect from the Closing
Date through and including the date upon which all Obligations (other than obligations owing by any
Credit Party to any Lender or Affiliate of a Lender or the Administrative Agent under any Hedging
Agreement) shall have been indefeasibly and irrevocably paid and satisfied in full. No termination
of this Agreement shall affect the rights and obligations of the parties hereto arising prior to
such termination.

SECTION 14.19. Inconsistencies with Other Documents; Independent Effect of Covenants. (a)
In the event there is a conflict or inconsistency between this Agreement and any other Loan
Document, the terms of this Agreement shall control.

          (b) The Borrower expressly acknowledges and agrees that each covenant contained in
Article IX, X, or XI hereof shall be given independent effect.

SECTION 14.20. Patriot Act. Each Lender hereby notifies the Borrower that pursuant to the
requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26,
2001)) (the “Act”), it is required to obtain, verify and record information that identifies each

74

 

borrower, guarantor or grantor (the “Loan Parties”), which information includes the name and
address of each Loan Party and other information that will allow such Lender to identify such Loan
Party in accordance with the Act.

SECTION 14.21. Ratings of Loans. Each Lender hereby agrees that nothing in this agreement
shall require or imply that the Loans shall be required to be rated by any nationally recognized
securities rating organization.

SECTION 14.22. Consent Under Five-Year Credit Agreement. Each Lender hereunder that is
also a lender under the Five-Year Credit Agreement, by execution of this Agreement, hereby (i)
agrees that each reference in the Five-Year Credit Agreement to the “Three-Year Credit Agreement”
shall mean a reference to this Agreement and (ii) consents to the execution and delivery of this
Agreement by the Credit Parties and the performance of their respective obligations hereunder
pursuant to Section 14.11 of the Five-Year Credit Agreement.

[Signature pages to follow]

75

 

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed under seal by
their authorized officers, all as of the day and year first written above.

	 	 	 	 	 
	 	JONES APPAREL GROUP USA, INC.,

as Borrower

 	 
	 	By:  	/s/ Wesley R. Card
 	 
	 	 	Name:  	Wesley R. Card 	 
	 	 	Title:  	Chief Financial Officer 	 
	 
	 	JONES APPAREL GROUP, INC.,

as Additional Obligor

 	 
	 	By:  	/s/ Wesley R. Card
 	 
	 	 	Name:  	Wesley R. Card 	 
	 	 	Title:  	Chief Operating and Financial Officer 	 
	 
	 	JONES APPAREL GROUP HOLDINGS, INC.,

as Additional Obligor

 	 
	 	By:  	/s/ Ira M. Dansky
 	 
	 	 	Name:  	Ira M. Dansky 	 
	 	 	Title:  	President 	 
	 
	 	KASPER, LTD.,

as Additional Obligor

 	 
	 	By:  	/s/ Peter Boneparth
 	 
	 	 	Name:  	Peter Boneparth 	 
	 	 	Title:  	President 	 
	 
	 	JONES RETAIL CORPORATION,

as Additional Obligor

 	 
	 	By:  	/s/ Wesley R. Card
 	 
	 	 	Name:  	Wesley R. Card 	 
	 	 	Title:  	Vice President 	 
	 
	 	NINE WEST FOOTWEAR CORPORATION,

as Additional Obligor

 	 
	 	By:  	/s/ Ira M. Dansky
 	 
	 	 	Name:  	Ira M. Dansky 	 
	 	 	Title:  	Executive Vice President
and Secretary 	 

76

 

	 	 	 	 	 

	 	 	 	 	 
	 	WACHOVIA BANK, NATIONAL ASSOCIATION,

as Administrative Agent, Issuing Lender and Lender

 	 
	 	By:  	/s/ Susan T. Gallagher
 	 
	 	 	Name:  	Susan T. Gallagher 	 
	 	 	Title:  	Vice President 	 
	 
	 	JPMORGAN CHASE BANK, N.A.,

as Issuing Lender and Lender

 	 
	 	By:  	/s/ James A. Knight
 	 
	 	 	Name:  	James A. Knight 	 
	 	 	Title:  	Vice President 	 
	 
	 	CITIBANK, N.A.,

as Issuing Lender and Lender

 	 
	 	By:  	/s/ John B. McQuiston
 	 
	 	 	Name:  	John B. McQuiston 	 
	 	 	Title:  	Vice President 	 
	 
	 	BANK OF AMERICA, N.A.,

as Issuing Lender and Lender

 	 
	 	By:  	/s/ Douglas J. Bolt
 	 
	 	 	Name:  	Douglas J. Bolt 	 
	 	 	Title:  	Vice President 	 
	 
	 	BARCLAYS BANK PLC,

as Lender

 	 
	 	By:  	/s/ Nicholas Bell
 	 
	 	 	Name:  	Nicholas Bell 	 
	 	 	Title:  	Director 	 
	 
	 	SUNTRUST BANK,

as Lender

 	 
	 	By:  	/s/ Robert W. Maddox
 	 
	 	 	Name:  	Robert W. Maddox 	 
	 	 	Title:  	Vice President 	 
	 
	 	THE GOVERNOR AND COMPANY OF THE 
BANK OF IRELAND,

as Lender

 	 
	 	By:  	/s/ John Holt
 	 
	 	 	Name:  	John Holt 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	 	 
	 	By:  	
/s/ Auveen O’Hanlon
 	 
	 	 	Name:  	Auveen O’Hanlon 	 
	 	 	Title:  	Authorized Signatory 	 
	 

77

 

	 	 	 	 	 
	 	THE ROYAL BANK OF SCOTLAND PLC,

as Lender

 	 
	 	By:  	/s/ Charlotte Sohn Fuiks
 	 
	 	 	Name:  	Charlotte Sohn Fuiks 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	STANDARD CHARTERED BANK,

as Lender

 	 
	 	By:  	/s/ David B. Edwards
 	 
	 	 	Name:  	David B. Edwards 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	 	 
	 	By:  	                                          /s/ Robert K. Reddington
 	 
	 	 	Name:  	Robert K. Reddington 	 
	 	 	Title:  	AVP/Credit Documentation 

Standard Chartered Bank	 
	 
	 	BANK OF TAIWAN, NEW YORK AGENCY,

as Lender

 	 
	 	By:  	/s/ Eunice S. J. Yeh
 	 
	 	 	Name:  	 Eunice S. J. Yeh 	 
	 	 	Title:  	SVP & GM 	 
	 
	 	UFJ BANK LIMITED, NEW YORK BRANCH,

as Lender

 	 
	 	By:  	/s/ John T. Feeney
 	 
	 	 	Name:  	John T. Feeney 	 
	 	 	Title:  	Vice President 	 
	 
	 	BANK OF CHINA,

as Lender

 	 
	 	By:  	                                          /s/ William W. Smith
 	 
	 	 	Name:  	William W. Smith 	 
	 	 	Title:  	Chief Lending Officer 	 
	 
	 	FIFTH THIRD BANK,

as Lender

 	 
	 	By:  	/s/ Christine L. Wagner
 	 
	 	 	Name:  	Christine L. Wagner 	 
	 	 	Title:  	Vice President 	 
	 
	 	MIZUHO CORPORATE BANK, LTD.,

as Lender

 	 
	 	By:  	/s/ Raymond Ventura
 	 
	 	 	Name:  	Raymond Ventura 	 
	 	 	Title:  	Senior Vice President 	 
	 

78

 

	 	 	 	 	 
	 	SUMITOMO MITSUI BANKING CORPORATION,

as Lender

 	 
	 	By:  	/s/ Edward D. Henderson, Jr.
 	 
	 	 	Name:  	Edward D. Henderson, Jr. 	 
	 	 	Title:  	General Manager 	 
	 
	 	THE BANK OF NOVA SCOTIA,

as Lender

 	 
	 	By:  	/s/ Todd Meller
 	 
	 	 	Name:  	Todd Meller 	 
	 	 	Title:  	Managing Director 	 
	 
	 	U.S. BANK NATIONAL ASSOCIATION,

as Lender

 	 
	 	By:  	/s/ Heather Hinkelman
 	 
	 	 	Name:  	Heather Hinkelman 	 
	 	 	Title:  	Banking Officer 	 
	 
	 	UNION BANK OF CALIFORNIA, N.A.,

as Lender

 	 
	 	By:  	/s/ Theresa L. Rocha
 	 
	 	 	Name:  	Theresa L. Rocha 	 
	 	 	Title:  	Vice President 	 
	 
	 	BANCA DI ROMA — NEW YORK BRANCH

as Lender

 	 
	 	By:  	/s/ Guido Lanzoni
 	 
	 	 	Name:  	Guido Lanzoni 	 
	 	 	Title:  	Assistant Treasurer 	 
	 
	 	By:  	/s/ Jonathan Bloom
 	 
	 	 	Name:	Jonathan Bloom	 
	 	 	Title: 	Vice President 	 
	 
	 	BANK LEUMI USA,

as Lender

 	 
	 	By:  	/s/ John Kueningsberg
 	 
	 	 	Name:  	John Kueningsberg 	 
	 	 	Title:  	First Vice President 	 
	 
	 	 	 
	 	By:  	                                            /s/ Iris Steinhardt
 	 
	 	 	Name:  	Iris Steinhardt 	 
	 	 	Title:  	Vice President 	 
	 
	 	BEAR STEARNS CORPORATE LENDING INC.,

as Lender

 	 
	 	By:  	/s/ Richard Bram Smith
 	 
	 	 	Name:  	Richard Bram Smith 	 
	 	 	Title:  	Vice President 	 
	 

79

 

	 	 	 	 	 
	 	CHANG HWA COMMERCIAL BANK, LTD.,

NEW YORK BRANCH,

as Lender

 	 
	 	By:  	/s/ Ming-Hsien Lin
 	 
	 	 	Name:  	Ming-Hsien Lin 	 
	 	 	Title:  	SVP & General Manager 	 
	 
	 	FIRST COMMERCIAL BANK,

NEW YORK AGENCY,

as Lender

 	 
	 	By:  	/s/ Helen Tong
 	 
	 	 	Name:  	Helen Tong 	 
	 	 	Title:  	VP 	 
	 
	 	HUA NAN COMMERCIAL BANK, LTD.,

NEW YORK AGENCY,

as Lender

 	 
	 	By:  	/s/ Jeng-Fang Geeng
 	 
	 	 	Name:  	Jeng-Fang Geeng 	 
	 	 	Title:  	General Manager 	 
	 
	 	ISRAEL DISCOUNT BANK OF NEW YORK,

as Lender

 	 
	 	By:  	/s/ Howard Weinberg
 	 
	 	 	Name:  	Howard Weinberg 	 
	 	 	Title:  	Senior Vice President I 	 
	 
	 	 	 
	 	By:  	                                          /s/ David Acosta
 	 
	 	 	Name:  	David Acosta 	 
	 	 	Title:  	Assistant Vice President 	 
	 
	 	TAIPEI FUBON BANK,

as Lender

 	 
	 	By:  	/s/ Sophia Jing
 	 
	 	 	Name:  	Sophia Jing 	 
	 	 	Title:  	V.P. & General Manager 	 
	 
	 	THE BANK OF NEW YORK,

as Lender

 	 
	 	By:  	/s/ Johna M. Fidanza
 	 
	 	 	Name:  	Johna M. Fidanza 	 
	 	 	Title:  	Vice President 	 
	 

80

 

	 	 	 	 	 
	 	E.SUN COMMERCIAL BANK, LTD., LOS ANGELES

BRANCH,

as Lender

 	 
	 	By:  	/s/ Benjamin Lin
 	 
	 	 	Name:  	Benjamin Lin 	 
	 	 	Title:  	EVP & General Manager 	 
	 
	 	NORINCHUKIN BANK,

as Lender

 	 
	 	By:  	/s/ Toshifumi Tsukitani
 	 
	 	 	Name:  	Toshifumi Tsukitani 	 
	 	 	Title:  	General Manager 	 
	 

81

 

EXHIBIT A-1 — FORM OF

REVOLVING CREDIT NOTE

          $                                                                                                   
                                                                           
                     , 200       

          FOR VALUE RECEIVED, the undersigned JONES APPAREL GROUP USA, INC., a corporation organized
under the laws of Pennsylvania, (the “Borrower”), JONES APPAREL GROUP, INC., a corporation
organized under the laws of Pennsylvania, JONES APPAREL GROUP HOLDINGS, INC., a corporation
organized under the laws of Delaware, KASPER, LTD., a corporation organized under the laws of
Delaware, JONES RETAIL CORPORATION, a corporation organized under the laws of New Jersey, and NINE
WEST FOOTWEAR CORPORATION, a corporation organized under the laws of Delaware (collectively, with
the Borrower, the “Debtors”), hereby jointly and severally promise to pay to the order of
                                , (the “Lender”), at the place
and times provided in the Credit Agreement
referred to below, the principal sum of
                                        
DOLLARS ($                            ) or, if
less, the aggregate unpaid principal amount of all Revolving Credit Loans made to the Borrower by
the Lender pursuant to that certain Amended and Restated Five-Year Credit Agreement dated as of May
16, 2005 (as amended, restated, supplemented or otherwise modified, the “Credit Agreement”)
by and among Jones Apparel Group USA, Inc., the Additional Obligors referred to therein, the
Lenders who are or may become a party thereto (collectively, the “Lenders”), J.P. Morgan
Securities Inc. and Citigroup Global Markets Inc., as Co-Lead Arrangers and Joint Bookrunners,
Wachovia Bank, National Association, as Administrative Agent, and JPMorgan Chase Bank, N.A. and
Citibank, N.A., as Syndication Agents, and Bank of America, N.A., Barclays Bank plc and SunTrust
Bank, as Documentation Agents. Capitalized terms used herein and not defined herein shall have the
meanings assigned thereto in the Credit Agreement.

          The unpaid principal amount of Revolving Credit Loans from time to time outstanding is subject
to mandatory repayment from time to time as provided in the Credit Agreement and shall bear
interest as provided in Section 5.1 of the Credit Agreement. All payments of principal and interest
on Revolving Credit Loans shall be payable in lawful currency of the United States of America in
immediately available funds to the account designated in the Credit Agreement.

          This Revolving Credit Note (the “Revolving Credit Note”) is entitled to the benefits
of, and evidences Obligations incurred under, the Credit Agreement, to which reference is made for
a statement of the terms and conditions on which the Borrower is permitted and required to make
prepayments and repayments of principal of the Obligations evidenced by this Revolving Credit Note
and on which such Obligations may be declared to be immediately due and payable.

          THIS REVOLVING CREDIT NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE
WITH, THE LAWS OF THE
STATE OF NEW YORK WITHOUT REGARD TO THE CONFLICTS OR CHOICE OF LAW PRINCIPLES THEREOF.

          The Debt evidenced by this Revolving Credit Note is senior in right of payment to all
Subordinated Debt referred to in the Credit Agreement.

 

 

          The Debtors hereby waive all requirements as to diligence, presentment, demand of payment,
protest and (except as required by the Credit Agreement) notice of any kind with respect to this
Revolving Credit Note.

          IN WITNESS WHEREOF, the undersigned have executed this Revolving Credit Note under seal as of
the day and year first above written.

	 	 	 	 	 
	 	JONES APPAREL GROUP USA, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	JONES APPAREL GROUP, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	JONES APPAREL GROUP HOLDINGS, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	KASPER, LTD.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	JONES RETAIL CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	NINE WEST FOOTWEAR CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

2

 

	 	 	 	 	 

EXHIBIT A-2 — FORM OF

COMPETITIVE BID

PROMISSORY NOTE

			
	 	 	 
	U.S.$                                    
	 	Dated:
                                    ,
200         

          FOR VALUE RECEIVED, the undersigned JONES APPAREL GROUP USA, INC., a corporation organized
under the laws of Pennsylvania, (the “Borrower”), JONES APPAREL GROUP, INC., a corporation
organized under the laws of Pennsylvania, JONES APPAREL GROUP HOLDINGS, INC., a corporation
organized under the laws of Delaware, KASPER, LTD., a corporation organized under the laws of
Delaware, JONES RETAIL CORPORATION, a corporation organized under the laws of New Jersey, and NINE
WEST FOOTWEAR CORPORATION, a corporation organized under the laws of Delaware (collectively, with
the Borrower, the “Debtors”), hereby jointly and severally promise to pay to the order of
                                    , (the
“Lender”), at the place and times provided in that certain Amended
and Restated Five-Year Credit Agreement dated as of May 16, 2005 (as amended, restated,
supplemented or otherwise modified, the “Credit Agreement”) by and among Jones Apparel
Group USA, Inc., the Additional Obligors referred to therein, the Lenders who are or may become a
party thereto (collectively, the “Lenders”), J.P. Morgan Securities Inc. and Citigroup
Global Markets Inc., as Co-Lead Arrangers and Joint Bookrunners, Wachovia Bank, National
Association, as Administrative Agent, and JPMorgan Chase Bank, N.A. and Citibank, N.A., as
Syndication Agents, and Bank of America, N.A., Barclays Bank plc and SunTrust Bank, as
Documentation Agents (as amended or modified from time to time, the “Credit Agreement”; the
terms defined therein being used herein as therein defined)), on
                                         
   , 200        , the
principal amount of
[U.S.$                                       
         ] [for a Competitive Bid Loan in an Alternative Currency,
list currency and amount of such Loan].

          The undersigned promise to pay interest on the unpaid principal amount hereof from the date
hereof until such principal amount is paid in full, at the interest rate and payable on the
interest payment date or dates provided below:

Interest Rate:                     % per annum (calculated on
the
basis of a year of                      days for the actual
number of days elapsed) (revise as appropriate for a Floating Rate Loan).

          Both principal and interest are payable in lawful money of
                                         
    to Wachovia Bank,
National Association, as administrative agent, for the account of the Lender at its office, at
                                     in same day funds.

          This Promissory Note is one of the Competitive Bid Notes referred to in, and is entitled to
the benefits of, the Credit Agreement. The Credit Agreement, among other things, contains
provisions for acceleration of the maturity hereof upon the happening of certain stated events.

          THIS COMPETITIVE BID NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO THE CONFLICTS OR CHOICE OF LAW PRINCIPLES
THEREOF.

 

 

          The Debt evidenced by this Competitive Bid Note is senior in right of payment to all
Subordinated Debt referred to in the Credit Agreement.

          The Debtors hereby waive all requirements as to diligence, presentment, demand of payment,
protest and (except as required by the Credit Agreement) notice of any kind with respect to this
Competitive Bid Note.

          IN WITNESS WHEREOF, the undersigned have executed this Competitive Bid Note under seal as of
the day and year first above written.

	 	 	 	 	 
	 	JONES APPAREL GROUP USA, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	JONES APPAREL GROUP, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	JONES APPAREL GROUP HOLDINGS, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	KASPER, LTD.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	JONES RETAIL CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	NINE WEST FOOTWEAR CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

2

 

	 	 	 	 	 

EXHIBIT B-1 — FORM OF

NOTICE OF REVOLVING CREDIT BORROWING

NOTICE OF REVOLVING CREDIT BORROWING

Dated as of:                     

Wachovia Bank, National Association,

as Administrative Agent

One First Union Center, TW-4

301 South College Street

Charlotte, North Carolina 28288-0608

Attention: Syndication Agency Services

Ladies and Gentlemen:

          This irrevocable Notice of Revolving Credit Borrowing is delivered to you under Section 2.2(a)
of the Amended and Restated Five-Year Credit Agreement dated as of May 16, 2005 (as amended,
restated, supplemented or otherwise modified, the “Credit Agreement”), by and among JONES
APPAREL GROUP USA, INC., a Pennsylvania corporation (the “Borrower”), the Additional
Obligors referred to therein, the lenders party thereto (the “Lenders”), J.P. Morgan
Securities Inc. and Citigroup Global Markets Inc., as Co-Lead Arrangers and Joint Bookrunners,
Wachovia Bank, National Association, as Administrative Agent, and JPMorgan Chase Bank, N.A. and
Citibank, N.A., as Syndication Agents, and Bank of America, N.A., Barclays Bank plc and SunTrust
Bank, as Documentation Agents.

          1. The Borrower hereby requests that the Lenders make a Revolving Credit Loan to the Borrower
in the aggregate principal amount of $                                . (Complete
with an amount in accordance with
Section 2.2(a) of the Credit Agreement.)

          2. The Borrower hereby requests that such Revolving Credit Loan be made on the following
Business Day:                                     . (Complete
with a Business Day in accordance with Section 2.2(a)
of the Credit Agreement).

          3. The Borrower hereby requests that the Revolving Credit Loan bear interest at the following
interest rate, plus the Applicable Margin, as set forth below:

	 	 	 	 	 	 	 
	 	 	 	 	 	 	Termination Date
	 	 	 	 	Interest Period	 	for Interest Period
	Component of Loan	 	Interest Rate	 	(LIBOR Rate only)	 	(If applicable)
	 

	 	Base Rate or LIBOR	 	 	 	 
	 

	 	Rate	 	 	 	 

          4. The principal Dollar Amount of all Revolving Credit Loans and L/C Obligations outstanding
as of the date hereof (including the requested Revolving Credit Loan) does not exceed the maximum
Dollar Amount permitted to be outstanding pursuant to the terms of the Credit Agreement.

 

 

          5. The Borrower hereby represents and warrants that the conditions specified in Section 6.3 of
the Credit Agreement have been satisfied or waived as of the date hereof.

          6. Capitalized terms used herein and not defined herein shall have the meanings assigned
thereto in the Credit Agreement.

          IN WITNESS WHEREOF, the undersigned has executed this Notice of Revolving Credit Borrowing as
of the                      day of
                    ,         .

	 	 	 	 	 
	 	JONES APPAREL GROUP USA, INC.,

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

2

 

	 	 	 	 	 

EXHIBIT B-2 — FORM OF NOTICE OF

COMPETITIVE BID BORROWING

Dated as of:                     

Wachovia Bank, National Association,

as Administrative Agent

One First Union Center, TW-4

301 South College Street

Charlotte, North Carolina 28288-0608

Attention: Syndication Agency Services

Ladies and Gentlemen:

          The undersigned, JONES APPAREL GROUP USA, INC., refers to the Amended and Restated Five-Year
Credit Agreement dated as of May 16, 2005 (as amended, restated, supplemented or otherwise
modified, the “Credit Agreement”), by and among JONES APPAREL GROUP USA, INC., a
Pennsylvania corporation (the “Borrower”), the Additional Obligors referred to therein, the
lenders party thereto (the “Lenders”), J.P. Morgan Securities Inc. and Citigroup Global
Markets Inc., as Co-Lead Arrangers and Joint Bookrunners, Wachovia Bank, National Association, as
Administrative Agent, and JPMorgan Chase Bank, N.A. and Citibank, N.A., as Syndication Agents, and
Bank of America, N.A., Barclays Bank plc and SunTrust Bank, as Documentation Agents, and hereby
gives you notice, irrevocably, pursuant to Section 4.1 of the Credit Agreement that the undersigned
hereby requests a Competitive Bid Borrowing under the Credit Agreement, and in that connection sets
forth the terms on which such Competitive Bid Borrowing (the “Proposed Competitive Bid
Borrowing”) is requested to be made:

	 	 	 	 	 	 	 	 	 

	 

	 	(A)
	 	Date of Competitive Bid Borrowing
	 	 
	 	 
	 
	 

	 	(B)
	 	Amount of Competitive Bid Borrowing	 	 	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	(C)
	 	[Maturity Date] [Interest Period]	 	 	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	(D)
	 	Interest Rate Basis	 	 	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	(E)
	 	Day Count Convention	 	 	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	(F)
	 	Interest Payment Date(s)	 	 	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	(G)
	 	Currency	 	 	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	(H)
	 	Borrower’s Account Location	 	 	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	(I)	 	 	 	 	 	 
	 

	 	 	 	 

	 	 

	 	 

          Capitalized terms used herein and not defined herein shall have the meanings assigned thereto
in the Credit Agreement.

          The undersigned hereby certifies that the following statements are true on the date hereof,
and will be true on the date of the Proposed Competitive Bid Borrowing:

          1. The principal Dollar Amount of all Loans and L/C Obligations outstanding as of the date
hereof (including the requested Competitive Bid Loan) does not exceed the maximum Dollar Amount
permitted to be outstanding pursuant to the terms of the Credit Agreement.

 

 

          2. The Borrower hereby represents and warrants that the conditions specified in Section 6.4 of
the Credit Agreement have been satisfied or waived as of the date hereof.

          IN WITNESS WHEREOF, the undersigned has executed this Notice of Revolving Credit Borrowing as
of the                      day of
                    , 200       .

	 	 	 	 	 
	 	JONES APPAREL GROUP USA, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

2

 

	 	 	 	 	 

EXHIBIT C — FORM OF NOTICE OF

ACCOUNT DESIGNATION

NOTICE OF ACCOUNT DESIGNATION

Dated as of:                     

Wachovia Bank, National Association,

     as Administrative Agent

One First Union Center, TW-4

301 South College Street

Charlotte, North Carolina 28288-0608

Attention: Syndication Agency Services

Ladies and Gentlemen:

          This Notice of Account Designation is delivered to you under Section 2.2(b) of the Amended and
Restated Five-Year Credit Agreement dated as of May 16, 2005 (as amended, restated, supplemented or
otherwise modified, the “Credit Agreement”), by and among JONES APPAREL GROUP USA, INC., a
Pennsylvania corporation (the “Borrower”), the Additional Obligors referred to therein, the
lenders party thereto (the “Lenders”), J.P. Morgan Securities Inc. and Citigroup Global
Markets Inc., as Co-Lead Arrangers and Joint Bookrunners, Wachovia Bank, National Association, as
Administrative Agent (the “Administrative Agent”), and JPMorgan Chase Bank, N.A. and
Citibank, N.A., as Syndication Agents, and Bank of America, N.A., Barclays Bank plc and SunTrust
Bank, as Documentation Agents.

          1. The Administrative Agent is hereby authorized to disburse all Loan proceeds into the
following account(s):

	 	 	 	 	 
	 
	 	 	 	 
	 

	 	ABA Routing
Number:                                           	 	 
	 

	 	Account
Number:                                               
    	 	 

          2. This authorization shall remain in effect until revoked or until a subsequent Notice of
Account Designation is provided by the Borrower to the Administrative Agent.

          3. Capitalized terms used herein and not defined herein shall have the meanings assigned
thereto in the Credit Agreement.

          IN WITNESS WHEREOF, the undersigned has executed this Notice of Account Designation as of the
                     day of
                    ,         .

	 	 	 	 	 
	 	JONES APPAREL GROUP USA, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

EXHIBIT D — FORM OF

NOTICE OF PREPAYMENT

NOTICE OF PREPAYMENT

Dated as of:                     

Wachovia Bank, National Association,

   as Administrative Agent

One First Union Center

301 South College Street, TW-4

Charlotte, North Carolina 28288-0608

Attention: Syndication Agency Services

Ladies and Gentlemen:

          This irrevocable Notice of Prepayment is delivered to you under Section 2.3(c) of the Amended
and Restated Five-Year Credit Agreement dated as of May 16, 2005 (as amended, restated,
supplemented or otherwise modified, the “Credit Agreement”) by and among JONES APPAREL
GROUP USA, INC., a Pennsylvania corporation (the “Borrower”), the Additional Obligors
referred to therein, the lenders party thereto (the “Lenders”), J.P. Morgan Securities Inc.
and Citigroup Global Markets Inc., as Co-Lead Arrangers and Joint Bookrunners, Wachovia Bank,
National Association, as Administrative Agent, and JPMorgan Chase Bank, N.A. and Citibank, N.A., as
Syndication Agents, and Bank of America, N.A., Barclays Bank plc and SunTrust Bank, as
Documentation Agents.

          1. The Borrower hereby provides notice to the Administrative Agent that it shall repay the
following [Base Rate Loans] and/or [LIBOR Rate Loans]:                     . (Complete with an
amount in accordance with Section 2.3(c) of the Credit Agreement.)

          2. The Borrower shall repay the above-referenced Revolving Credit Loans on the following
Business Day:                     . (Complete in accordance with Section 2.3(c) of the Credit Agreement.)

          3. Capitalized terms used herein and not defined herein shall have the meanings assigned
thereto in the Credit Agreement.

          IN WITNESS WHEREOF, the undersigned has executed this Notice of Prepayment as of the
                     day
of                     ,          .

	 	 	 	 	 
	 	JONES APPAREL GROUP USA, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

EXHIBIT E — FORM OF

NOTICE OF CONVERSION/CONTINUATION

NOTICE OF CONVERSION/CONTINUATION

Dated as of:                     

Wachovia Bank, National Association,

   as Administrative Agent

One First Union Center

301 South College Street, TW-4

Charlotte, North Carolina 28288-0608

Attention: Syndication Agency Services

Ladies and Gentlemen:

          This irrevocable Notice of Conversion/Continuation (the “Notice”) is delivered to you
under Section 5.2 of the Amended and Restated Five-Year Credit Agreement dated as of May 16, 2005
(as amended, restated, supplemented or otherwise modified, the “Credit Agreement”), by and
among JONES APPAREL GROUP USA, INC., a Pennsylvania corporation (the “Borrower”), the
Additional Obligors referred to therein, the lenders party thereto (the “Lenders”), J.P.
Morgan Securities Inc. and Citigroup Global Markets Inc., as Co-Lead Arrangers and Joint
Bookrunners, Wachovia Bank, National Association, as Administrative Agent, and JPMorgan Chase Bank,
N.A. and Citibank, N.A., as Syndication Agents, and Bank of America, N.A., Barclays Bank plc and
SunTrust Bank, as Documentation Agents.

          1. This Notice is submitted for the purpose of: (Check one and complete applicable information
in accordance with the Credit Agreement.)

           Converting all or a portion of a Base Rate Loan into a LIBOR Rate Loan

	 	(a)	 	The aggregate outstanding principal balance of such Revolving Credit Loan is $                     .
	 
	 	(b)	 	The principal amount of such Revolving Credit Loan to be converted is $                     .
	 
	 	(c)	 	The requested effective date of the conversion of such Revolving Credit Loan is                     .
	 
	 	(d)	 	The requested Interest Period applicable to the converted Revolving Credit Loan is                     .

	 	 	 	Converting all or a portion of a LIBOR Rate Loan into a Base Rate Loan

	 	(a)	 	The aggregate outstanding principal balance of such Revolving Credit Loan is $                     
	 
	 	(b)	 	The last day of the current Interest Period for such Revolving Credit Loan is                      .

 

 

	 	(c)	 	The principal amount of such Revolving Credit Loan to be converted is $                     .
	 
	 	(d)	 	The requested effective date of the conversion of such Revolving Credit Loan is                     .

	 	 	 	Continuing all or a portion of a LIBOR Rate Loan as a LIBOR Rate Loan

	 	(a)	 	The aggregate outstanding principal balance of such Revolving Credit Loan is $                     .
	 
	 	(b)	 	The last day of the current Interest Period for such Revolving Credit Loan is                     .
	 
	 	(c)	 	The principal amount of such Revolving Credit Loan to be continued is $                     .
	 
	 	(d)	 	The requested effective date of the continuation of such Revolving Credit Loan is                     .
	 
	 	(e)	 	The requested Interest Period applicable to the continued Revolving Credit Loan is                     .

          2. The principal Dollar Amount of all Revolving Credit Loans and L/C Obligations outstanding
as of the date hereof does not exceed the maximum Dollar Amount permitted to be outstanding
pursuant to the terms of the Credit Agreement.

          3. The Borrower hereby represents and warrants that no Default or Event of Default (as defined
in the Credit Agreement) has occurred and is continuing.

          4. Capitalized terms used herein and not defined herein shall have the meanings assigned
thereto in the Credit Agreement.

          IN WITNESS WHEREOF, the undersigned has executed this Notice of Conversion/ Continuation as of
the                      day of
                    ,          .

	 	 	 	 	 
	 	JONES APPAREL GROUP USA, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

2

 

	 	 	 	 	 

EXHIBIT F — FORM OF

OFFICER’S COMPLIANCE CERTIFICATE

OFFICER’S COMPLIANCE CERTIFICATE

          The undersigned, on behalf of JONES APPAREL GROUP USA, INC. (the “Borrower”), hereby
certifies to the Administrative Agent and the Lenders, each as defined in the Credit Agreement
referred to below, as follows:

          1. This Certificate is delivered to you pursuant to Section 8.2 of the Amended and Restated
Five-Year Credit Agreement dated as of May 16, 2005 (as amended, restated, supplemented or
otherwise modified, the “Credit Agreement”), by and among the Borrower, the Additional
Obligors referred to therein, the lenders party thereto (the “Lenders”), J.P. Morgan
Securities Inc. and Citigroup Global Markets Inc., as Co-Lead Arrangers and Joint Bookrunners,
Wachovia Bank, National Association, as Administrative Agent (the “Administrative Agent”),
and JPMorgan Chase Bank, N.A. and Citibank, N.A., as Syndication Agents, and Bank of America, N.A.,
Barclays Bank plc and SunTrust Bank, as Documentation Agents. Capitalized terms used herein and not
defined herein shall have the meanings assigned thereto in the Credit Agreement.

          2. I have reviewed the consolidated financial statements of Jones Apparel Group, Inc. and its
Subsidiaries dated as of                      and for the
                     period[s] then ended and such
statements present fairly in all material respects the consolidated financial condition of Jones
Apparel Group, Inc. and its Subsidiaries as of their respective dates and the results of the
consolidated operations of Jones Apparel Group, Inc. and its Subsidiaries for the respective
period[s] then ended, subject to normal year end adjustments for interim statements.

          3. I have reviewed the terms of the Credit Agreement, and the related Loan Documents and have
made, or caused to be made under my supervision, a review in reasonable detail of the transactions
and the condition of Jones Apparel Group, Inc. and its Subsidiaries during the accounting period
covered by the financial statements referred to in Paragraph 2 above. Such review has not disclosed
the existence during or at the end of such accounting period of any condition or event that
constitutes a Default or an Event of Default, nor do I have any knowledge of the existence of any
such condition or event as at the date of this Certificate [except, if such condition or event
existed or exists, describe the nature and period of existence thereof and what action the Borrower
has taken, is taking and proposes to take with respect thereto].

          4. The Applicable Margin and information as to the debt ratings necessary for determining such
figure are set forth on the attached Schedule 1.

          5. Jones Apparel Group, Inc. and its Subsidiaries are in compliance with the financial
covenants contained in Article X of the Credit Agreement as shown on such Schedule 1.

          WITNESS the following signature as of the
                     day of
                    ,          .

	 	 	 	 	 
	 	JONES APPAREL GROUP USA, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

Schedule 1

to

Officer’s Compliance Certificate

[To be provided by Borrower in form reasonably acceptable to the Administrative Agent]

 

 

EXHIBIT G — FORM OF

ASSIGNMENT AND ACCEPTANCE

ASSIGNMENT AND ACCEPTANCE

Dated as of:                     

     Reference is made to the Amended and Restated Five-Year Credit Agreement dated as of May 16,
2005, as amended, restated, supplemented or otherwise modified (the “Credit Agreement”) by
and among JONES APPAREL GROUP USA, INC., a Pennsylvania corporation (the “Borrower”), the
Additional Obligors referred to therein, the lenders party thereto (the “Lenders”), J.P.
Morgan Securities Inc. and Citigroup Global Markets Inc., as Co-Lead Arrangers and Joint
Bookrunners, Wachovia Bank, National Association, as Administrative Agent, and JPMorgan Chase Bank,
N.A. and Citibank, N.A., as Syndication Agents, and Bank of America, N.A., Barclays Bank plc and
SunTrust Bank, as Documentation Agents. Capitalized terms used herein which are not defined herein
shall have the meanings assigned thereto in the Credit Agreement.

                               
          (the “Assignor”) and
                                       
(the
“Assignee”) agree as follows:

          1. The Assignor hereby sells and assigns to the Assignee, and the Assignee hereby purchases
and assumes from the Assignor, as of the Effective Date (as defined below), a                     % interest in and
to all of the Assignor’s interest, rights and obligations with respect to its Revolving Credit
Commitment and Revolving Credit Loans (including such percentage of the outstanding L/C
Obligations), which percentage represents not less than $5,000,000, unless such percentage equals
100% of such Lender’s Revolving Credit Commitment, and the Assignor thereby retains                     % of its
interest therein.

          This Assignment and Acceptance is entered pursuant to, and authorized by, Section 14.10 of the
Credit Agreement.

          2. The Assignor (i) represents that, as of the date hereof, its Revolving Credit Commitment
Percentage (without giving effect to assignments thereof which have not yet become effective) under
the Credit Agreement is                     % and the outstanding balances of its Revolving Credit Loans (including
its Revolving Credit Commitment Percentage of the outstanding L/C Obligations) is $                    ; (ii)
makes no representation or warranty and assumes no responsibility with respect to any statements,
warranties or representations made in or in connection with the Credit Agreement or any other Loan
Document or the execution, legality, validity, enforceability, genuineness, sufficiency or value of
the Credit Agreement or any other instrument or document furnished pursuant thereto, other than
that the Assignor is the legal and beneficial owner of the interest being
assigned by it hereunder and that such interest is free and clear of any adverse claim; (iii) makes
no representation or warranty and assumes no responsibility with respect to the financial condition
of the Borrower or its Subsidiaries or the performance or observance by the Borrower or its
Subsidiaries of any of their obligations under the Credit Agreement or any other instrument or
document furnished or executed pursuant thereto; and (iv) to the extent it has received Revolving
Credit Note(s) from the Borrower, attaches the applicable Revolving Credit Note(s) delivered to it
under the Credit Agreement and requests that the Borrower exchange such Revolving Credit Note(s)
for new Revolving Credit Notes payable to each of the Assignor and the Assignee as follows:

 

 

	 	 	 	 	 	 	 

	 

	 	Revolving Credit Note	 	 	 	 
	 

	 	Payable to the Order of:
	 	Principal Amount of Note:	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 

	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	 

	 	 

	 	 

          3. The Assignee (i) represents and warrants that it is legally authorized to enter into this
Assignment and Acceptance; (ii) confirms that it has received a copy of the Credit Agreement,
together with copies of the most recent financial statements delivered pursuant to Section 8.1
thereof and such other documents and information as it has deemed appropriate to make its own
credit analysis and decision to enter into this Assignment and Acceptance; (iii) agrees that it
will, independently and without reliance upon the Assignor or any other Lender or the
Administrative Agent and based on such documents and information as it shall deem appropriate at
the time, continue to make its own credit decisions in taking or not taking action under the Credit
Agreement; (iv) confirms that it is an Eligible Assignee; (v) appoints and authorizes the
Administrative Agent to take such action as agent on its behalf and to exercise such powers under
the Credit Agreement and the other Loan Documents as are delegated to the Administrative Agent by
the terms thereof, together with such powers as are reasonably incidental thereto; (vi) agrees that
it will perform in accordance with their terms all the obligations which by the terms of the Credit
Agreement and the other Loan Documents are required to be performed by it as a Lender; (vii) agrees
to hold all confidential information in accordance with the provisions of Section 14.10(g) of the
Credit Agreement; and (viii) includes herewith for the Administrative Agent the forms required by
Section 5.11(e) of the Credit Agreement (if not previously delivered).

          4. The effective date for this Assignment and Acceptance shall be as set forth in Section 1 of
Schedule 1 hereto (the “Effective Date”), subject to the consents referred to in the
following sentence. Following the execution of this Assignment and Acceptance, it will be delivered
to the Administrative Agent for, to the extent required by the Credit Agreement, consent by the
Borrower and the Administrative Agent and acceptance and recording in the Register.

          5. Upon such consents, acceptance and recording, from and after the Effective Date, (i) the
Assignee shall be a party to the Credit Agreement and the other Loan Documents to which Lenders are
parties and, to the extent provided in this Assignment and Acceptance, have the rights and
obligations of a Lender under each such agreement, and (ii) the Assignor shall, to the extent
provided in this Assignment and Acceptance, relinquish its rights and be released from its
obligations under the Credit Agreement and the other Loan Documents.

          6. Upon such consents, acceptance and recording, from and after the Effective Date, the
Administrative Agent shall make all payments in respect of the interest assigned
hereby (including payments of principal, interest, fees and other amounts) to the Assignee. The
Assignor and Assignee shall make all appropriate adjustments in payments for periods prior to the
Effective Date or with respect to the making of this assignment directly between themselves.

          7. THIS ASSIGNMENT AND ACCEPTANCE SHALL BE DEEMED TO BE A CONTRACT UNDER SEAL AND SHALL BE
GOVERNED BY AND CONSTRUED IN

2

 

ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO
THE CONFLICTS OR CHOICE OF LAW PRINCIPLES THEREOF.

3

 

     WITNESS the following signatures as of the ______ day of ______, ______.

	 	 	 	 	 
	 	ASSIGNOR:

 	 
	 	By:  	 	 
	 	Title: 	 
	 	 	 	 
	 
	 	ASSIGNEE:

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

Acknowledged and Consented to on behalf of the Credit Parties:

JONES APPAREL GROUP USA, INC.

	 	 	 	 	 
	 	 
	By:  	
 	 
	Name:  	 	 
	Title:  	 	 
	 

Consented to and Accepted by:

WACHOVIA BANK, NATIONAL ASSOCIATION,

     as Administrative Agent

	 	 	 	 	 
	 	 	 
	 	By:  	
 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

4

 

Schedule 1

to

Assignment and Acceptance

	 	 	 	 	

	 	1.	Effective Date:                                         ,                     
	 	
	 	 	 
	 	
	 	2.	Assignor’s Interest
Prior to Assignment:
	 	
	 	 	 
	 	
	%	 	(a) Revolving Credit Commitment Percentage
	 	
	 	 	 
	 	
	$	 	(b) Outstanding balance of Revolving Credit Loans
	 	
	 	 	 
	 	
	$	 	(c) Outstanding balance of Assignor’s Revolving Credit
Commitment Percentage of the L/C Obligations
	 	
	 	 	 
	 	
	 	3.	Assigned Interest (from Section 1) of:
	 	
	%	 	(a) Revolving Credit Loans
	 	
	 	 	 
	 	
	 	4.	Assignee’s Extensions of Credit
After Effective Date:
	 	
	 	 	 
	 	
	$	 	(a) Total outstanding balance of Assignee’s Revolving Credit
Loans (line 2(b) times line 3(a))
	 	
	 	 	 
	 	
	$	 	(b) Total outstanding balance of Assignee’s Revolving Credit
Commitment Percentage of the L/C Obligations (line 2(c) times
line 3(a))
	 	
	 	 	 
	 	
	 	5.	Retained Interest of Assignor after
Effective Date:
	 	
	 	 	 
	 	
	 	 	(a) Retained Interest (from Section 1):
	 	
	%	 	     (i) Revolving Credit Commitment Percentage
	 	
	 	 	 
	 	
	$	 	(b) Outstanding balance of Assignor’s Revolving Credit Loans
(line 2(b) times line 5(a)(i))
	 	
	 	 	 
	 	
	$	 	(c) Outstanding balance of Assignor’s

 Revolving Credit
Commitment

 Percentage of L/C Obligations

 (line 2(c) times
line 5(a)(i))
	 	

 

	 	 	 

	6. Payment Instructions:
	 
	(a)

	 	If payable to Assignor,
	 

	 	to the account of Assignor to:
	 

	 	ABA No.:
	 

	 	Account Name:
	 

	 	Account No.
	 

	 	Attn:
	 

	 	Ref:
	 
	 	 
	(b)

	 	If payable to Assignee,
	 

	 	to the account of Assignee to:
	 
	 

	 	ABA No.:
	 

	 	Account Name:
	 

	 	Account No.:
	 

	 	Attn:
	 

	 	Ref:

 

Schedule 1.1(a)

(Lenders and Revolving Credit Commitments)

	 	 	 	 	 	 	 	 	 
	 	 	COMMITMENT	 	 	 
	LENDER	 	PERCENTAGE	 	COMMITMENT	 
	JPMorgan Chase Bank, N.A. 
	 	 	8.7	%	 	$	65,000,000	 
	 1411 Broadway, 5th Floor

New York, NY 10018

Attn: Caridad Tio

T: 212-391-2711

F: 212-391-7283
	 	 	 	 	 	 	 	 
	Citibank, N.A.
	 	 	8.7	%	 	$	65,000,000	 
	2 Penns Way, Suite 200

New Castle, DE 19720

Attn: Laura D. Quashne

T: 302-894-6058 

F: 302-894-6120
	 	 	 	 	 	 	 	 
	Bank of America, N.A.
	 	 	8.7	%	 	$	65,000,000	 
	101 N. Tyron Street, NC1-001-15-03

Charlotte, NC 28255 

Attn: Jason Petrea 

T: 704-386-3781 

F: 704-409-0056
	 	 	 	 	 	 	 	 
	Barclays Bank PLC
	 	 	8.7	%	 	$	65,000,000	 
	200 Park Avenue 

New York, NY 10166 

Attn: Nicholas Bell 

	 	 	 	 	 	 	 	 
	SunTrust Bank
	 	 	8.7	%	 	$	65,000,000	 
	303 Peachtree Street, N.E.

Atlanta, GA 30308 

Attn: Don Besch 

T: 404-575-2649 

F: 404-575-2594
	 	 	 	 	 	 	 	 
	Wachovia Bank, National Association
	 	 	8.7	%	 	$	65,000,000	 
	201 South College Street, CP-8 

Charlotte, NC 28288-0680 

Attn: Syndication Agency Services 

T: 704-715-1353 

F: 704-383-0288
	 	 	 	 	 	 	 	 
	The Governor and Company of the Bank of Ireland
	 	 	4.7	%	 	$	35,000,000	 
	Hume House, 5th Floor, Ballsbridge

Dublin 4 

Ireland 

Attn: Olivia Carey 

T: 353-1618-7470 

F: 353-1618-7490
	 	 	 	 	 	 	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	COMMITMENT	 	 	 	 
	LENDER	 	PERCENTAGE	 	COMMITMENT	 
	The Royal Bank of Scotland plc
	 	 	4.7	%	 	$	35,000,000	 
	101 Park Avenue

New York, NY 10178

Attn: Juanita Baird

T: 212-401-1420 

F: 212-401-1336
	 	 	 	 	 	 	 	 
	Standard Chartered
	 	 	4.7	%	 	$	35,000,000	 
	One Madison Avenue

New York, NY 10010

Attn:Vicky 

T: 212-667-0203 

F: 212-667-0287
	 	 	 	 	 	 	 	 
	Bank of Taiwan, New York Agency
	 	 	3.3	%	 	$	25,000,000	 
	100 Wall
Street, 11th Floor

New York, NY 10005 

Attn: Rachel Chang 

T: 212-968-8128 Ext. 30

F: 212-968-8370
	 	 	 	 	 	 	 	 
	UFJ Bank Limited, New York Branch
	 	 	3.3	%	 	$	25,000,000	 
	55 East 52nd Street

New York, NY 10055

Attn: Martin Chin

T: 212-339-6392

F: 212-754-2368
	 	 	 	 	 	 	 	 
	Bank of China, New York Branch
	 	 	2.0	%	 	$	15,000,000	 
	410 Madison Avenue

New York, NY 10017

Attn: Elaine Ho

T: 212-935-3101 ext 281

F: 646-840-1796
	 	 	 	 	 	 	 	 
	Fifth Third Bank
	 	 	2.0	%	 	$	15,000,000	 
	38 Fountain Square, MD 109054

Cincinnati, OH 45263

Attn: Melody Merrill

T: 513-579-5389

F: 513-534-5947
	 	 	 	 	 	 	 	 
	Mizuho Corporate Bank, Ltd.
	 	 	2.0	%	 	$	15,000,000	 
	1800 Plaza Ten 

Jersey City, NJ 07311

Attn: Nicole Ferraro 

T: 201-626-9341 

F: 201-626-9913
	 	 	 	 	 	 	 	 
	Sumitomo Mitsui Banking Corporation
	 	 	2.0	%	 	$	15,000,000	 
	277 Park Avenue

New York, NY 10172

Attn: Tracy Watson

T: 212-224-4393

F: 212-224-5197

	 	 	 	 	 	 	 	 

2

 

	 	 	 	 	 	 	 	 	 
	 	 	COMMITMENT	 	 	 
	LENDER	 	PERCENTAGE	 	COMMITMENT	 
	The Bank of Nova Scotia
	 	 	2.0	%	 	$	15,000,000	 
	One Liberty Plaza, Floor 24 

New York, NY 10006 

Attn: Victor Chevallier 

T: 212-225-5064 

F: 212-225-5145
	 	 	 	 	 	 	 	 
	U.S. Bank National Association
	 	 	2.0	%	 	$	15,000,000	 
	One U.S. Bank Plaza 

St. Louis, MO 63166 

Attn: Jennifer Thurston
	 	 	 	 	 	 	 	 
	Union Bank of California, N.A
	 	 	2.0	%	 	$	15,000,000	 
	601 Potrero Grande Drive 

Monterey Park, CA 91754 

Attn: Alberta Rosby 

T: 323-720-2622

F: 323-278-6173
	 	 	 	 	 	 	 	 
	Banca Di Roma — New York Branch
	 	 	1.3	%	 	$	10,000,000	 
	34 E. 51st Street

New York, NY 10022

Attn: Jonathan Bloom

T: 212-407-1761

F: 212-407-1778
	 	 	 	 	 	 	 	 
	Bank Leumi USA
	 	 	1.3	%	 	$	10,000,000	 
	562 Fifth Avenue, 10th Floor

New York, NY 10036

Attn: Virginia DeLeon

T: 212-626-1308

F: 212-626-1309
	 	 	 	 	 	 	 	 
	Bear Stearns Corporate Lending Inc.
	 	 	1.3	%	 	$	10,000,000	 
	383 Madison Avenue, 8th Floor 

New York, NY 10179 

Attn: Gloria Dombrowski 

T: 212-272-6043 

F: 212-272-4844
	 	 	 	 	 	 	 	 
	Chang Hwa Commercial Bank, Ltd,
	 	 	1.3	%	 	$	10,000,000	 
	New York Branch

685 Third Avenue, 29th Floor

New York, NY 10017

Attn: Sarah Lim

T: 212-651-9770 ext.31

F: 212-651-9785
	 	 	 	 	 	 	 	 
	First Commercial Bank, New York Agency
	 	 	1.3	%	 	$	10,000,000	 
	750 Third Avenue, 34th Floor

New York, NY 10017

Attn: Yating Hwang

T: 212-599-6868

F: 212-599-6133
	 	 	 	 	 	 	 	 

3

 

	 	 	 	 	 	 	 	 	 
	 	 	COMMITMENT	 	 	 
	LENDER	 	PERCENTAGE	 	COMMITMENT	 
	Hua Nan Commercial Bank, Ltd.
	 	 	1.3	%	 	$	10,000,000	 
	330 Madison Avenue, 38th Floor

New York, NY 10017 

Attn: Henry Hsieh 

T: 212-286-1999 

F: 212-286-1212
	 	 	 	 	 	 	 	 
	Israel Discount Bank of New York
	 	 	1.3	%	 	$	10,000,000	 
	511 Fifth avenue

New York, NY 10017

Attn: Laury Quiles

T: 212-551-8596

F: 212-551-8872
	 	 	 	 	 	 	 	 
	Taipei Fubon Bank New York Agency
	 	 	1.3	%	 	$	10,000,000	 
	100 Wall Street, 14th Floor

New York, NY 10005

Attn: Esther Lee

T: 212-968-9888

F: 212-968-9800
	 	 	 	 	 	 	 	 
	The Bank of New York
	 	 	1.3	%	 	$	10,000,000	 
	One Wall Street 

New York, NY 10286

Attn: Laina Chan 

T: 212-635-6720 

F: 212-635-6397
	 	 	 	 	 	 	 	 
	E.Sun Commercial Bank, Ltd.,
	 	 	0.7	%	 	$	5,000,000	 
	Los Angeles Branch

17700 Castleton Street, Suite 500

City of Industry, CA 91748

Attn: Shinghorng Lin

F: 626-810-2400 x. 228

F: 626-839-5531
	 	 	 	 	 	 	 	 
	The Norinchukin Bank, New York Branch
	 	 	0.7	%	 	$	5,000,000	 
	245 Park Avenue, 29th Floor

New York, NY 10167

Attn: Jing Li

T: 212-949-10167

F: 212-808-4188
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Total:
	 	 	100	%	 	$	750,000,000	 

4

 

     

Schedule 1.1(b)

	 	 	 	 	 

	

	 	Wachovia Bank, N.A.

Outstanding Summary Report

For Applicant: JONES APPAREL GROUP USA INC.
	 	Page: 1

Date: 05/11/2005

Applicant Name: JONES APPAREL GROUP USA INC — STBY

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	L/C Bank	 	 	 	 	 	 	 	 	 	 	 	Opening	 	Expiry	 	L/C Equiv	 	 	 
	Reference	 	L/C Cust Reference	 	Site	 	Trans	 	Beneficiary	 	Ctry	 	Date	 	Date	 	Liability Balance	 	 	 
	SM200248
	 	SM200248	 	USA	 	SBLC	 	HARTFORD FIRE INSURANCE COMPANY	 	US	 	10/03/2002	 	07/01/2005	 	 	3,000,000.00	 	 	USD
	SM204355
	 	SM204355	 	USA	 	SBLC	 	HARTFORD FIRE INSURANCE COMPANY	 	US	 	07/31/2003	 	07/01/2005	 	 	3,000,000.00	 	 	USD
	SM210022
	 	SM210022	 	USA	 	SBLC	 	HARTFORD FIRE INSURANCE COMPANY	 	 	 	09/15/2004	 	07/01/2005	 	 	2,500,000.00	 	 	USD
	SM411647
	 	SM411647	 	USA	 	SBLC	 	HARTFORD FIRE INSURANCE COMPANY	 	US	 	02/02/2000	 	07/01/2005	 	 	1,700,000.00	 	 	USD
	SM414948
	 	SM414948	 	USA	 	SBLC	 	HARTFORD FIRE INSURANCE COMPANY	 	 	 	11/20/2000	 	06/01/2006	 	 	2,200,000.00	 	 	USD
	SM417226
	 	SM417226	 	USA	 	SBLC	 	TETERBORO ASSOCIATES	 	 	 	06/15/2001	 	05/31/2006	 	 	950,000.00	 	 	USD
	SM417227
	 	SM417227	 	USA	 	SBLC	 	H. ROSS/525 L.L.C. & E.ROSS/525LLC	 	US	 	06/15/2001	 	05/31/2006	 	 	123,200.00	 	 	USD
	SM417889
	 	SM417889	 	USA	 	SBLC	 	HARTFORD FIRE INSURANCE COMPANY	 	 	 	08/17/2001	 	07/01/2005	 	 	1,700,000.00	 	 	USD
	SM421703
	 	SM421703	 	USA	 	SBLC	 	AMERICAN CASUALTY COMPANY OF	 	US	 	07/01/2002	 	06/27/2005	 	 	13,000,000.00	 	 	USD
	 
	 
	 	 	 	 	 	 	 	 	 	 	 	Appl Name Total:	 	 	 	 	28,173,200.00	 	 	 

Applicant Name: JONES APPAREL GROUP USA INC.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	L/C Bank	 	 	 	 	 	 	 	 	 	 	 	Opening	 	Expiry	 	L/CEquiv	 	 	 
	Reference	 	L/C Cust Reference	 	Site	 	Trans	 	Beneficiary	 	Ctry	 	Date	 	Date	 	Liability Balance	 	 	 
	IC008816U
	 	0104GR1718	 	USA	 	IMLC	 	GLORIA APPAREL, INC.	 	US	 	01/18/2005	 	05/22/2005	 	 	847,714.10	 	 	USD
	IC009426U
	 	0435NW00015	 	USA	 	IMLC	 	BRADLEE INTERNATIONAL LTD.	 	US	 	03/09/2005	 	04/25/2005	 	 	33,936.00	 	 	USD
	IC009614U
	 	0544NW00035	 	USA	 	IMLC	 	MIROGLIO TEXTILES USA, INC.	 	US	 	03/21/2005	 	05/02/2005	 	 	1,004.41	 	 	USD
	IC009626U
	 	0549G02784	 	USA	 	IMLC	 	THE EVER, INC.	 	US	 	03/21/2005	 	05/10/2005	 	 	40,459.65	 	 	USD
	IC009628U
	 	0554D09121	 	USA	 	IMLC	 	TEXTILE IMPORT LLC	 	US	 	03/21/2005	 	05/10/2005	 	 	38,325.00	 	 	USD
	IC009754U
	 	0583G02826	 	USA	 	IMLC	 	THE EVER, INC.	 	US	 	03/31/2005	 	05/25/2005	 	 	4,654.65	 	 	USD
	IC009767U
	 	0584GR45	 	USA	 	IMLC	 	GLORIA APPAREL, INC.	 	US	 	03/31/2005	 	06/03/2005	 	 	120,558.11	 	 	USD
	IC009975U
	 	0664NW00047	 	USA	 	IMLC	 	BRADLEE INTERNATIONAL LTD.	 	US	 	04/15/2005	 	05/07/2005	 	 	42,021.00	 	 	USD
	IC009984U
	 	0668G02707	 	USA	 	IMLC	 	BRADLEE INTERNATIONAL LTD.	 	US	 	04/15/2005	 	05/20/2005	 	 	30,607.50	 	 	USD
	IC009985U
	 	0669G02860	 	USA	 	IMLC	 	THE EVER, INC.	 	US	 	04/15/2005	 	05/30/2005	 	 	42,170.63	 	 	USD
	IC009986U
	 	0670G02842	 	USA	 	IMLC	 	THE EVER, INC.	 	US	 	04/15/2005	 	05/15/2005	 	 	6,032.25	 	 	USD
	IC010084U
	 	0706G02858	 	USA	 	IMLC	 	BRADLEE INTERNATIONAL LTD.	 	US	 	04/21/2005	 	06/06/2005	 	 	56,700.00	 	 	USD
	IC010250U
	 	0777NA02253	 	USA	 	IMLC	 	MARUBENI AMERICA CORP.	 	US	 	05/04/2005	 	06/14/2005	 	 	49,738.19	 	 	USD
	IC010343U
	 	0787D09245	 	USA	 	IMLC	 	ALTINYILDIZ CORPORATION	 	US	 	05/09/2005	 	06/25/2005	 	 	473,550.00	 	 	USD
	IC010344U
	 	0791MA01043	 	USA	 	IMLC	 	MARUBENI AMERICA CORP.	 	US	 	05/09/2005	 	05/30/2005	 	 	19,097.83	 	 	USD
	 
	 
	 	 	 	 	 	 	 	 	 	 	 	Appl Name Total:	 	 	 	 	1,806,569.32	 	 	 

 

 

     

	 	 	 	 	 

	 

	 	Wachovia Bank, N.A.
	 	Page: 2
	 

	 	Outstanding Summary Report
	 	Date: 05/11/2005
	

	 	For Applicant: JONES APPAREL GROUP USA INC.	 	 

Applicant
Name: JONES APPAREL GROUP USA, INC.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	L/C Bank	 	 	 	 	 	 	 	 	 	 	 	Opening	 	Expiry	 	L/C Equiv	 	 	 
	Reference	 	L/C Cust Reference	 	Site	 	Trans	 	Beneficiary	 	Ctry	 	Date	 	Date	 	Liability Balance	 	 	 
	IC568551H
	 	2230JG41616	 	HNK	 	IMLC	 	THAI KNITTING FACTORY CO., LTD.	 	TH	 	12/06/2004	 	05/06/2005	 	 	8,042.64	 	 	USD
	IC569779H
	 	2372JG41727	 	HNK	 	IMLC	 	THAI KNITTING FACTORY CO., LTD.	 	TH	 	12/31/2004	 	05/31/2005	 	 	4,515.00	 	 	USD
	IC569962H
	 	0001JG41783	 	HNK	 	IMLC	 	THAI KNITTING FACTORY CO., LTD.	 	TH	 	01/05/2005	 	05/05/2005	 	 	9,150.75	 	 	USD
	IC570817H
	 	0116JG5110	 	HNK	 	IMLC	 	THAI KNITTING FACTORY CO., LTD.	 	TH	 	01/20/2005	 	05/17/2005	 	 	66,610.85	 	 	USD
	IC570839H
	 	0135JG5089	 	HNK	 	IMLC	 	SHANGHAI SILK GROUP CO. LTD.	 	C2	 	01/20/2005	 	05/03/2005	 	 	57,390.14	 	 	USD
	IC570970H
	 	0163JG5184	 	HNK	 	IMLC	 	THAI KNITTING FACTORY CO., LTD.	 	TH	 	01/24/2005	 	07/02/2005	 	 	60,750.11	 	 	USD
	IC570971H
	 	0164SAM11905	 	HNK	 	IMLC	 	HONG KONG ORIENTAL YEYANG INTL	 	HK	 	01/25/2005	 	08/16/2005	 	 	4,830,000.00	 	 	USD
	IC572047H
	 	0189JG5189	 	HNK	 	IMLC	 	THAI KNITTING FACTORY CO., LTD.	 	TH	 	01/28/2005	 	05/31/2005	 	 	8,732.59	 	 	USD
	IC572475H
	 	0234JG5190	 	HNK	 	IMLC	 	THAI KNITTING FACTORY CO., LTD.	 	TH	 	02/03/2005	 	04/30/2005	 	 	12,540.94	 	 	USD
	IC572739H
	 	0269MA00971	 	HNK	 	IMLC	 	LANIFICIO CAVERNI AND GRAMIGNI SPA	 	IT	 	02/14/2005	 	04/30/2005	 	 	1,017.05	 	 	USD
	IC573167H
	 	0320JG5227	 	HNK	 	IMLC	 	CHINAMINE TRADING LTD.	 	HK	 	02/18/2005	 	05/11/2005	 	 	955,459.47	 	 	USD
	IC573279H
	 	0343JG5222	 	HNK	 	IMLC	 	P.T. CITRA ABADI SEJATI	 	ID	 	02/21/2005	 	05/10/2005	 	 	125,452.84	 	 	USD
	IC573289H
	 	0354JG5122	 	HNK	 	IMLC	 	TONGLU PUDE GARMENTS CO.	 	C2	 	02/21/2005	 	04/30/2005	 	 	602,897.62	 	 	USD
	IC573399H
	 	0370G02698	 	HNK	 	IMLC	 	WUXI XIEXIN GROUP CO., LTD	 	C2	 	02/25/2005	 	05/20/2005	 	 	1,727.72	 	 	USD
	IC573404H
	 	0371U02578	 	HNK	 	IMLC	 	TAECHANG ENTERPRISE CO., LTD.	 	KR	 	02/25/2005	 	05/02/2005	 	 	66,103.28	 	 	USD
	IC573452H
	 	0375JG5298	 	HNK	 	IMLC	 	THAI KNITTING FACTORY CO., LTD.	 	TH	 	02/25/2005	 	07/02/2005	 	 	14,784.00	 	 	USD
	IC573453H
	 	0376JG5299	 	HNK	 	IMLC	 	THAI KNITTING FACTORY CO., LTD.	 	TH	 	02/25/2005	 	06/06/2005	 	 	15,723.71	 	 	USD
	IC573454H
	 	0377JG5308	 	HNK	 	IMLC	 	THAI KNITTING FACTORY CO., LTD.	 	TH	 	02/25/2005	 	07/15/2005	 	 	78,814.00	 	 	USD
	IC573455H
	 	0378JG5309	 	HNK	 	IMLC	 	THAI KNITTING FACTORY CO., LTD.	 	TH	 	02/25/2005	 	06/06/2005	 	 	14,017.50	 	 	USD
	IC573476H
	 	0388JG5153	 	HNK	 	IMLC	 	SLITHER LTD.	 	HK	 	02/25/2005	 	05/03/2005	 	 	32,179.39	 	 	USD
	IC573483H
	 	0394JO021805SS	 	HNK	 	IMLC	 	HYUNJTN APPAREL CO., LTD.	 	KR	 	02/25/2005	 	05/16/2005	 	 	113,039.63	 	 	USD
	IC573824H
	 	0404JEV034R1	 	HNK	 	IMLC	 	HOJEON LIMITED	 	KR	 	03/07/2005	 	05/18/2005	 	 	75,766.62	 	 	USD
	IC573828H
	 	0405SH-0128	 	HNK	 	IMLC	 	JIN YOUNG INDUSTRIAL CO. LTD.	 	KR	 	03/07/2005	 	05/18/2005	 	 	119,791.49	 	 	USD
	IC573831H
	 	0406JEV033R1	 	HNK	 	IMLC	 	HOJEON LIMITED	 	KR	 	03/07/2005	 	05/25/2005	 	 	20,352.66	 	 	USD
	IC573857H
	 	0416JG5251	 	HNK	 	IMLC	 	YOOPOONG CORPORATION	 	KR	 	03/07/2005	 	05/19/2005	 	 	110,354.55	 	 	USD
	IC573918H
	 	0427D09107	 	HNK	 	IMLC	 	TESSILGODI S.P.A.	 	IT	 	03/09/2005	 	04/30/2005	 	 	1,056.30	 	 	USD
	IC573921H
	 	0429D09062	 	HNK	 	IMLC	 	PARAMOUNT TEXTEIS INDUSTRIA E	 	BR	 	03/09/2005	 	05/31/2005	 	 	106,400.48	 	 	USD
	IC574001H
	 	0448JG5366	 	HNK	 	IMLC	 	HIGH FASHION GARMENTS CO. LTD.	 	HK	 	03/09/2005	 	05/02/2005	 	 	306,770.89	 	 	USD
	IC574007H
	 	0453KR021605	 	HNK	 	IMLC	 	HAN SAE CO., LTD.	 	KR	 	03/09/2005	 	05/01/2005	 	 	86,892.75	 	 	USD
	IC574143H
	 	0459JG5286	 	HNK	 	IMLC	 	CHINA TING GARMENT MFG. (GROUP) LTD	 	HK	 	03/11/2005	 	05/06/2005	 	 	638,376.22	 	 	USD

 

 

     

	 	 	 	 	 

	 

	 	Wachovia Bank, N.A.
	 	Page: 3
	 

	 	Outstanding Summary Report
	 	Date: 05/11/2005
	

	 	For Applicant: JONES APPAREL
GROUP USA, INC.	 	 

Applicant
Name: JONES APPAREL GROUP USA, INC.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	L/C Bank	 	 	 	 	 	 	 	 	 	 	 	Opening	 	Expiry	 	L/C Equiy	 	 	 
	Reference	 	L/C Cust Reference	 	Site	 	Trans	 	Beneficiary	 	Ctry	 	Date	 	Date	 	Liability Balance	 	 	 
	IC574196H
	 	0460JG5428	 	HNK	 	IMLC	 	THAI KNITTING FACTORY CO., LTD.	 	TH	 	03/14/2005	 	08/15/2005	 	 	28,961.89	 	 	USD
	IC574197H
	 	0461JG5429	 	HNK	 	IMLC	 	THAI KNITTING FACTORY CO., LTD.	 	TH	 	03/14/2005	 	08/05/2005	 	 	15,273.72	 	 	USD
	IC574206H
	 	0468JG5398	 	HNK	 	IMLC	 	PT. UNGARAN SARI GARMENTS	 	ID	 	03/14/2005	 	05/05/2005	 	 	3,537.81	 	 	USD
	IC574207H
	 	0469JG5391	 	HNK	 	IMLC	 	FORMOSTAR GARMENT CO., LTD.	 	TW	 	03/14/2005	 	05/21/2005	 	 	82,590.59	 	 	USD
	IC574292H
	 	0486JG5349	 	HNK	 	IMLC	 	HIGH FASHION GARMENTS CO. LTD.	 	HK	 	03/15/2005	 	05/04/2005	 	 	363,897.51	 	 	USD
	IC574308H
	 	0491JEV037AC	 	HNK	 	IMLC	 	HAN SAE CO., LTD.	 	KR	 	03/15/2005	 	05/13/2005	 	 	384,339.26	 	 	USD
	IC574312H
	 	0495AE00345	 	HNK	 	IMLC	 	MITSUI BUSSAN TEXTILE CO., LTD.	 	JP	 	03/15/2005	 	06/11/2005	 	 	26,151.43	 	 	USD
	IC574322H
	 	0503MA00974	 	HNK	 	IMLC	 	LANIFICIO DI MAZZONE SAS	 	IT	 	03/15/2005	 	05/12/2005	 	 	1,100.15	 	 	USD
	IC574326H
	 	0506U02578	 	HNK	 	IMLC	 	TAECHANG ENTERPRISE CO., LTD.	 	KR	 	03/15/2005	 	05/02/2005	 	 	26,446.03	 	 	USD
	IC574494H
	 	0509JG5131	 	HNK	 	IMLC	 	PLATINUM 2000 LIMITED	 	HK	 	03/18/2005	 	05/02/2005	 	 	100,062.29	 	 	USD
	IC574497H
	 	0510JG5311	 	HNK	 	IMLC	 	CHINA TING GARMENT MFG. (GROUP) LTD	 	HK	 	03/18/2005	 	05/04/2005	 	 	548,222.56	 	 	USD
	IC574513H
	 	0516JG5420	 	HNK	 	IMLC	 	P.T. CITRA ABADI SEJATI	 	ID	 	03/18/2005	 	05/10/2005	 	 	28,119.29	 	 	USD
	IC574536H
	 	0524JG5342	 	HNK	 	IMLC	 	CHINAMINE TRADING LTD.	 	HK	 	03/18/2005	 	05/25/2005	 	 	145,649.62	 	 	USD
	IC574538H
	 	0526JG5416	 	HNK	 	IMLC	 	FORNTON KNITTING CO., LTD.	 	HK	 	03/18/2005	 	04/30/2005	 	 	138,317.42	 	 	USD
	IC574540H
	 	0527JG5408	 	HNK	 	IMLC	 	PT. UNGARAN SARI GARMENTS	 	ID	 	03/18/2005	 	05/17/2005	 	 	125,352.83	 	 	USD
	IC574543H
	 	0529KR031005	 	HNK	 	IMLC	 	HAN SAE CO., LTD.	 	KR	 	03/18/2005	 	05/15/2005	 	 	178,979.26	 	 	USD
	IC574544H
	 	0528HM0307	 	HNK	 	IMLC	 	JIN YOUNG INDUSTRIAL CO. LTD.	 	KR	 	03/18/2005	 	06/01/2005	 	 	58,182.38	 	 	USD
	IC576568H
	 	0531JG5443	 	HNK	 	IMLC	 	THAI KNITTING FACTORY CO., LTD.	 	TH	 	03/21/2005	 	07/29/2005	 	 	10,507.09	 	 	USD
	IC576569H
	 	0532JG5370	 	HNK	 	IMLC	 	JOY PLUS TRADING (HK) LTD	 	HK	 	03/21/2005	 	05/03/2005	 	 	11,731.35	 	 	USD
	IC576570H
	 	0533JG5283	 	HNK	 	IMLC	 	DASHING INDUSTRIAL COMPANY LIMITED	 	HK	 	03/21/2005	 	05/04/2005	 	 	222,668.93	 	 	USD
	IC576573H
	 	0534JG5306	 	HNK	 	IMLC	 	TAI KEI KNITTERS LIMITED	 	HK	 	03/21/2005	 	05/04/2005	 	 	161,595.94	 	 	USD
	IC576574H
	 	0536JG5350	 	HNK	 	IMLC	 	SAVERIO INTERNATIONAL LIMITED	 	HK	 	03/21/2005	 	05/04/2005	 	 	376,237.71	 	 	USD
	IC576576H
	 	0537JG5436	 	HNK	 	IMLC	 	PLATINUM 2000 LIMITED	 	HK	 	03/21/2005	 	05/04/2005	 	 	115,053.46	 	 	USD
	IC576577H
	 	0538SK0309A	 	HNK	 	IMLC	 	HYUNJIN APPAREL CO., LTD.	 	KR	 	03/21/2005	 	05/09/2005	 	 	47,456.09	 	 	USD
	IC576578H
	 	0539KR-031505	 	HNK	 	IMLC	 	JIN YOUNG INDUSTRIAL CO. LTD.	 	KR	 	03/21/2005	 	06/01/2005	 	 	141,461.96	 	 	USD
	IC576579H
	 	0540D09118	 	HNK	 	IMLC	 	TESSILGROSSO SPA	 	IT	 	03/21/2005	 	05/05/2005	 	 	3,859.38	 	 	USD
	IC576580H
	 	0541D09141	 	HNK	 	IMLC	 	TAECHANG ENTERPRISE CO., LTD.	 	KR	 	03/21/2005	 	05/15/2005	 	 	45,312.75	 	 	USD
	IC576584H
	 	0545G02683	 	HNK	 	IMLC	 	HANA TEXTILES CO., LTD.	 	KR	 	03/21/2005	 	05/05/2005	 	 	10,605.00	 	 	USD
	IC576721H
	 	0556JEV039R1	 	HNK	 	IMLC	 	HYUNJIN APPAREL CO., LTD.	 	KR	 	03/23/2005	 	05/16/2005	 	 	249,018.81	 	 	USD
	IC576724H
	 	0558JG5371	 	HNK	 	IMLC	 	ATRACO INDUSTRIAL ENTERPRISES	 	AE	 	03/23/2005	 	05/07/2005	 	 	40,437.00	 	 	USD

 

 

     

	 	 	 	 	 

	 

	 	Wachovia Bank, N.A.
	 	Page: 4
	 

	 	Outstanding Summary Report
	 	Date: 05/11/2005
	

	 	For Applicant: JONES APPAREL GROUP USA INC.	 	 

Applicant
Name: JONES APPAREL GROUP USA, INC.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	L/C Bank	 	 	 	 	 	 	 	 	 	 	 	Opening	 	Expiry	 	L/C Equiv	 	 	 
	Reference	 	L/C Cust Reference	 	Site	 	Trans	 	Beneficiary	 	Ctry	 	Date	 	Date	 	Liability Balance	 	 	 
	IC576725H
	 	0560JG5394	 	HNK	 	IMLC	 	PT UNI-ENLARGE INDUSTRY INDONESIA	 	ID	 	03/23/2005	 	04/29/2005	 	 	16,887.40	 	 	USD
	IC576728H
	 	0563JG5442	 	HNK	 	IMLC	 	HIGH FASHION GARMENTS CO. LTD.	 	HK	 	03/23/2005	 	05/10/2005	 	 	182,472.16	 	 	USD
	IC576752H
	 	0552NA02209	 	HNK	 	IMLC	 	SEJEE COMPANY LIMITED	 	HK	 	03/24/2005	 	05/05/2005	 	 	11,318.27	 	 	USD
	IC576775H
	 	0566JG5430	 	HNK	 	IMLC	 	CHINA TING GARMENT MFG. (GROUP) LTD	 	HK	 	03/24/2005	 	05/05/2005	 	 	952,124.53	 	 	USD
	IC576777H
	 	0567JG5357	 	HNK	 	IMLC	 	JOY PLUS TRADING (HK) LTD	 	HK	 	03/24/2005	 	05/03/2005	 	 	83,708.36	 	 	USD
	IC576778H
	 	0568JG5451	 	HNK	 	IMLC	 	HEMPEL CHINA LIMITED	 	C2	 	03/24/2005	 	05/10/2005	 	 	83,592.78	 	 	USD
	IC576779H
	 	0569JG5453	 	HNK	 	IMLC	 	KWIN HING KNITTING FTY. LTD.	 	HK	 	03/24/2005	 	05/04/2005	 	 	86,940.00	 	 	USD
	IC576820H
	 	0570E04153	 	HNK	 	IMLC	 	LANIFICIO CECCHI LIDO AND FIGLI SPA	 	IT	 	03/28/2005	 	05/05/2005	 	 	5,814.11	 	 	USD
	IC576822H
	 	0571E04209	 	HNK	 	IMLC	 	MENSA	 	TR	 	03/28/2005	 	05/22/2005	 	 	25,283.48	 	 	USD
	IC576825H
	 	0573D09169	 	HNK	 	IMLC	 	LANIFICIO GIOVANNI MAGNI-LINEAEMME	 	IT	 	03/28/2005	 	05/15/2005	 	 	56,941.50	 	 	USD
	IC576826H
	 	0574D09105	 	HNK	 	IMLC	 	TAI FUNG TEXTILES CO. LTD.	 	HK	 	03/28/2005	 	05/15/2005	 	 	14,307.19	 	 	USD
	IC576829H
	 	0575D09152	 	HNK	 	IMLC	 	LANIFICIO BISENTINO S.P.A.	 	IT	 	03/28/2005	 	05/11/2005	 	 	181,140.75	 	 	USD
	IC576975H
	 	0576JG5392	 	HNK	 	IMLC	 	PT UNI-ENLARGE INDUSTRY INDONESIA	 	ID	 	03/30/2005	 	05/31/2005	 	 	225,186.59	 	 	USD
	IC576978H
	 	0577JG55434	 	HNK	 	IMLC	 	HIGH FASHION GARMENTS CO. LTD.	 	HK	 	03/30/2005	 	05/17/2005	 	 	896,561.37	 	 	USD
	IC576979H
	 	0578JG55433	 	HNK	 	IMLC	 	CHINAMINE TRADING LTD.	 	HK	 	03/30/2005	 	05/18/2005	 	 	220,284.46	 	 	USD
	IC576981H
	 	0579JG5442	 	HNK	 	IMLC	 	HIGH FASHION GARMENTS CO. LTD.	 	HK	 	03/30/2005	 	05/10/2005	 	 	490,009.19	 	 	USD
	IC577003H
	 	0581NA02243	 	HNK	 	IMLC	 	KIMTEKS TEKSTIL INSAAT SAN. VE TIC.	 	TR	 	03/31/2005	 	05/05/2005	 	 	3,067.07	 	 	USD
	IC577004H
	 	0582D09216	 	HNK	 	IMLC	 	MITSUI BUSSAN TEXTILE CO., LTD.	 	JP	 	03/31/2005	 	05/10/2005	 	 	154.28	 	 	USD
	IC577019H
	 	0585J4B0316LC	 	HNK	 	IMLC	 	SLC CO., LTD.	 	KR	 	03/31/2005	 	05/06/2005	 	 	19,775.33	 	 	USD
	IC577020H
	 	0586JTK323A	 	HNK	 	IMLC	 	EUHA INTERNATIONAL LTD	 	KR	 	03/31/2005	 	05/06/2005	 	 	41,710.54	 	 	USD
	IC577028H
	 	0593JG5456	 	HNK	 	IMLC	 	BUSINESS FAITH INTERNATIONAL LTD.	 	HK	 	03/31/2005	 	06/30/2005	 	 	163,198.06	 	 	USD
	IC577029H
	 	0594JG5461	 	HNK	 	IMLC	 	CARNIVAL INDUSTRIAL CORP.	 	TW	 	03/31/2005	 	05/02/2005	 	 	18,168.43	 	 	USD
	IC577030H
	 	0595JG5454	 	HNK	 	IMLC	 	HIGH FASHION GARMENTS CO. LTD.	 	HK	 	03/31/2005	 	05/03/2005	 	 	11,495.40	 	 	USD
	IC577032H
	 	0596JG5455	 	HNK	 	IMLC	 	HIGH FASHION GARMENTS CO., LTD.	 	HK	 	03/31/2005	 	05/10/2005	 	 	18,266.67	 	 	USD
	IC577033H
	 	0597JG5463	 	HNK	 	IMLC	 	SAVERIO INTERNATIONAL LIMITED	 	HK	 	03/31/2005	 	05/07/2005	 	 	255,541.97	 	 	USD
	IC577034H
	 	0598JG5466	 	HNK	 	IMLC	 	HIGH FASHION GARMENTS CO. LTD.	 	HK	 	03/31/2005	 	05/07/2005	 	 	168,415.27	 	 	USD
	IC577035H
	 	0599JG5410	 	HNK	 	IMLC	 	PT. UNGARAN SARI GARMENTS	 	ID	 	03/31/2005	 	05/24/2005	 	 	100,722.72	 	 	USD
	IC577036H
	 	0600JG5458	 	HNK	 	IMLC	 	P.T. CITRA ABADI SEJATI	 	ID	 	03/31/2005	 	06/14/2005	 	 	87,520.00	 	 	USD
	IC577037H
	 	0601JG5435	 	HNK	 	IMLC	 	HIGH FASHION GARMENTS CO. LTD.	 	HK	 	03/31/2005	 	05/10/2005	 	 	16,507.01	 	 	USD
	IC577038H
	 	0602JG5450	 	HNK	 	IMLC	 	CHINAMINE TRADING LTD.	 	HK	 	03/31/2005	 	05/10/2005	 	 	45,735.04	 	 	USD

 

 

     

	 	 	 	 	 

	 

	 	Wachovia Bank, N.A.
	 	Page: 5
	 

	 	Outstanding Summary Report
	 	Date: 05/11/2005
	

	 	For Applicant: JONES APPAREL GROUP USA INC.	 	 

Applicant
Name: JONES APPAREL GROUP USA, INC.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	L/C Bank	 	 	 	 	 	 	 	 	 	 	 	Opening	 	Expiry	 	L/C Equiv	 	 	 
	Reference	 	L/C Cust Reference	 	Site	 	Trans	 	Beneficiary	 	Ctry	 	Date	 	Date	 	Liability Balance	 	 	 
	IC577039H
	 	0603JG5123	 	HNK	 	IMLC	 	WILFORD KNITWEAR FTY. LTD.	 	HK	 	03/31/2005	 	05/11/2005	 	 	191,980.05	 	 	USD
	IC577040H
	 	0604JG5437	 	HNK	 	IMLC	 	SAVERIO INTERNATIONAL LIMITED	 	HK	 	03/31/2005	 	05/11/2005	 	 	118,399.20	 	 	USD
	IC577190H
	 	0606JG5477	 	HNK	 	IMLC	 	JOY PLUS TRADING (HK) LTD	 	HK	 	04/04/2005	 	05/06/2005	 	 	163,948.95	 	 	USD
	IC577524H
	 	0607JG5474	 	HNK	 	IMLC	 	UNITEX FASHION (CHINA) LIMITED	 	HK	 	04/11/2005	 	05/11/2005	 	 	282,134.24	 	 	USD
	IC577527H
	 	0608JG5479	 	HNK	 	IMLC	 	TONGLU PUDE GARMENTS CO.	 	C2	 	04/11/2005	 	04/30/2005	 	 	203,803.15	 	 	USD
	IC577528H
	 	0609JG5491	 	HNK	 	IMLC	 	KWIN HING KNITTING FTY. LTD.	 	HK	 	04/11/2005	 	04/30/2005	 	 	17,481.33	 	 	USD
	IC577529H
	 	0610JG5490	 	HNK	 	IMLC	 	DOKO (HONG KONG)LTD	 	HK	 	04/11/2005	 	05/15/2005	 	 	13,344.24	 	 	USD
	IC577530H
	 	0611JG5496	 	HNK	 	IMLC	 	DOKO (HONG KONG)LTD	 	HK	 	04/11/2005	 	05/15/2005	 	 	63,921.90	 	 	USD
	IC577531H
	 	0612JG5092	 	HNK	 	IMLC	 	PAK TAK KNITTING GARMENT FACTORY L	 	HK	 	04/11/2005	 	05/15/2005	 	 	68,448.16	 	 	USD
	IC577536H
	 	0616JG5465	 	HNK	 	IMLC	 	PLATINUM 2000 LIMITED	 	HK	 	04/11/2005	 	04/30/2005	 	 	40,537.51	 	 	USD
	IC577537H
	 	0617JG5472	 	HNK	 	IMLC	 	BUSINESS FAITH INTERNATIONAL LTD.	 	HK	 	04/11/2005	 	05/21/2005	 	 	225,392.80	 	 	USD
	IC577538H
	 	0618JG5487	 	HNK	 	IMLC	 	HIGH FASHION GARMENTS CO. LTD.	 	HK	 	04/11/2005	 	05/02/2005	 	 	70,895.64	 	 	USD
	IC577539H
	 	0619JG5495	 	HNK	 	IMLC	 	PT MUTIARA MITRA BUSANA APPAREL	 	ID	 	04/11/2005	 	05/24/2005	 	 	35,154.37	 	 	USD
	IC577540H
	 	0620JG5498	 	HNK	 	IMLC	 	PT MUTIARA MITRA BUSANA APPAREL	 	ID	 	04/11/2005	 	05/17/2005	 	 	57,453.25	 	 	USD
	IC577543H
	 	0621JG5481	 	HNK	 	IMLC	 	JOY PLUS TRADING (HK) LTD	 	HK	 	04/11/2005	 	05/10/2005	 	 	166,186.26	 	 	USD
	IC577545H
	 	0622JG5464	 	HNK	 	IMLC	 	CHINAMINE TRADING LTD.	 	HK	 	04/11/2005	 	05/04/2005	 	 	42,118.75	 	 	USD
	IC577546H
	 	0623JG5483	 	HNK	 	IMLC	 	PLATINUM 2000 LIMITED	 	HK	 	04/11/2005	 	05/07/2005	 	 	49,632.24	 	 	USD
	IC577547H
	 	0624JG5480	 	HNK	 	IMLC	 	JOY PLUS TRADING (HK) LTD	 	HK	 	04/11/2005	 	05/31/2005	 	 	86,169.87	 	 	USD
	IC577548H
	 	0625JG5302	 	HNK	 	IMLC	 	FORNTON KNITTING CO., LTD.	 	HK	 	04/11/2005	 	05/18/2005	 	 	41,602.69	 	 	USD
	IC577549H
	 	0626JG5303	 	HNK	 	IMLC	 	FORNTON KNITTING CO., LTD.	 	HK	 	04/11/2005	 	05/18/2005	 	 	130,834.35	 	 	USD
	IC577550H
	 	0627JG5418	 	HNK	 	IMLC	 	HIGH FASHION GARMENTS CO. LTD.	 	HK	 	04/11/2005	 	05/18/2005	 	 	86,009.64	 	 	USD
	IC577551H
	 	0628JG5497	 	HNK	 	IMLC	 	FORNTON KNITTING CO., LTD.	 	HK	 	04/11/2005	 	05/18/2005	 	 	236,513.66	 	 	USD
	IC577552H
	 	0629JG5470	 	HNK	 	IMLC	 	YEE TUNG GARMENT CO., LTD.	 	HK	 	04/11/2005	 	06/09/2005	 	 	207,378.54	 	 	USD
	IC577553H
	 	0630JG5409	 	HNK	 	IMLC	 	PT. UNGARAN SARI GARMENTS	 	ID	 	04/11/2005	 	06/08/2005	 	 	49,752.51	 	 	USD
	IC577555H
	 	0631SH0330	 	HNK	 	IMLC	 	HAN SAE CO., LTD.	 	KR	 	04/11/2005	 	06/16/2005	 	 	221,878.78	 	 	USD
	IC577557H
	 	0632KR040105A	 	HNK	 	IMLC	 	HAN SAE CO., LTD.	 	KR	 	04/11/2005	 	05/27/2005	 	 	56,359.64	 	 	USD
	IC577562H
	 	0633JO0401SS	 	HNK	 	IMLC	 	HYUNJIN APPAREL CO., LTD.	 	KR	 	04/11/2005	 	06/20/2005	 	 	963,647.27	 	 	USD
	IC577563H
	 	0634N25C5137	 	HNK	 	IMLC	 	TROPIC KNITS LTD	 	MU	 	04/11/2005	 	07/25/2005	 	 	2,677,928.40	 	 	USD
	IC577564H
	 	0635N25C5217	 	HNK	 	IMLC	 	TROPIC KNITS LTD	 	MU	 	04/11/2005	 	07/25/2005	 	 	1,571,169.60	 	 	USD
	IC577565H
	 	0636N25C5417	 	HNK	 	IMLC	 	TROPIC KNITS LTD	 	MU	 	04/11/2005	 	07/25/2005	 	 	1,314,069.12	 	 	USD

 

 

     

	 	 	 	 	 

	 

	 	Wachovia Bank, N.A.
	 	Page: 6
	 

	 	Outstanding Summary Report
	 	Date: 05/11/2005
	

	 	For Applicant: JONES APPAREL GROUP USA INC.	 	 

Applicant
Name: JONES APPAREL GROUP USA, INC.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	L/C Bank	 	 	 	 	 	 	 	 	 	 	 	Opening	 	Expiry	 	L/C Equiv	 	 	 	 
	Reference	 	L/C Cust Reference	 	Site	 	Trans	 	Beneficiary	 	Ctry	 	Date	 	Date	 	Liability Balance	 	 	 	 
	IC577569H
	 	0637NA02138	 	HNK	 	IMLC	 	BTD TEKSTIL SAN. VE TIC. AS.	 	TR	 	04/11/2005	 	04/30/2005	 	 	55,731.38	 	 	USD	 
	IC577571H
	 	0638NA02255	 	HNK	 	IMLC	 	EXSA EXPORT SANAYI MAMULLERI SATIS	 	TR	 	04/11/2005	 	05/18/2005	 	 	142,039.01	 	 	USD	 
	IC577635H
	 	0639JG5474	 	HNK	 	IMLC	 	UNITEX FASHION (CHINA) LIMITED	 	HK	 	04/13/2005	 	05/11/2005	 	 	284,300.10	 	 	USD	 
	IC577636H
	 	0640JG5508	 	HNK	 	IMLC	 	KWIN HING KNITTING FTY. LTD.	 	HK	 	04/13/2005	 	04/30/2005	 	 	71,997.82	 	 	USD	 
	IC577637H
	 	0641JG5520	 	HNK	 	IMLC	 	KWIN HING KNITTING FTY. LTD.	 	HK	 	04/13/2005	 	04/30/2005	 	 	33,046.40	 	 	USD	 
	IC577638H
	 	0642JG5504	 	HNK	 	IMLC	 	CHINA TING GARMENT MFG. (GROUP) LTD	 	HK	 	04/13/2005	 	05/07/2005	 	 	300,552.98	 	 	USD	 
	IC577639H
	 	0643JG5448	 	HNK	 	IMLC	 	PT UNI-ENLARGE INDUSTRY INDONESIA	 	ID	 	04/13/2005	 	05/18/2005	 	 	25,031.74	 	 	USD	 
	IC577640H
	 	0644JG5449	 	HNK	 	IMLC	 	CHINAMINE TRADING LTD.	 	HK	 	04/13/2005	 	05/03/2005	 	 	136,621.31	 	 	USD	 
	IC577642H
	 	0645JG5485	 	HNK	 	IMLC	 	MAINFIELD DEVELOPMENT CO. LTD.	 	HK	 	04/13/2005	 	05/04/2005	 	 	12,501.08	 	 	USD	 
	IC577645H
	 	0646JG5521	 	HNK	 	IMLC	 	TAI KEI KNITTERS LMITED	 	HK	 	04/13/2005	 	05/04/2005	 	 	94,760.55	 	 	USD	 
	IC577647H
	 	0647JG5509	 	HNK	 	IMLC	 	TONGLU PUDE GARMENTS CO.	 	C2	 	04/13/2005	 	05/05/2005	 	 	54,746.97	 	 	USD	 
	IC577649H
	 	0648JG5502	 	HNK	 	IMLC	 	DOKO (HONG KONG)LTD	 	HK	 	04/13/2005	 	06/14/2005	 	 	173,319.42	 	 	USD	 
	IC577653H
	 	0649JG5501	 	HNK	 	IMLC	 	HIGH FASHION GARMENTS CO. LTD.	 	HK	 	04/13/2005	 	06/02/2005	 	 	236,550.81	 	 	USD	 
	IC577656H
	 	06502MK0407A	 	HNK	 	IMLC	 	SAMKWANG APPAREL CORP	 	KR	 	04/13/2005	 	05/30/2005	 	 	91,926.72	 	 	USD	 
	IC577748H
	 	0651D09134	 	HNK	 	IMLC	 	TESSITURE MECCANICHE SETERIE	 	IT	 	04/15/2005	 	05/10/2005	 	 	51,472.05	 	 	USD	 
	IC577751H
	 	0652D09278	 	HNK	 	IMLC	 	SUNGWON TNC CO., LTD.	 	KR	 	04/15/2005	 	05/15/2005	 	 	46,147.50	 	 	USD	 
	IC577753H
	 	0653D09175	 	HNK	 	IMLC	 	MITSUI BUSSAN TEXTILE CO., LTD.	 	JP	 	04/15/2005	 	05/20/2005	 	 	9,708.30	 	 	USD	 
	IC577756H
	 	0654D09199	 	HNK	 	IMLC	 	KEN TRADING	 	JP	 	04/15/2005	 	05/25/2005	 	 	785,551.20	 	 	USD	 
	IC577759H
	 	0655D09242	 	HNK	 	IMLC	 	MITSUI BUSSAN TEXTILE CO., LTD.	 	JP	 	04/15/2005	 	05/20/2005	 	 	15,981.00	 	 	USD	 
	IC577762H
	 	0656D09183	 	HNK	 	IMLC	 	MITSUI BUSSAN TEXTILE CO., LTD.	 	JP	 	04/15/2005	 	05/20/2005	 	 	9,055.02	 	 	USD	 
	IC577788H
	 	0657D09156	 	HNK	 	IMLC	 	LAN LUIGI BOGGIO CASERO SRL	 	IT	 	04/15/2005	 	05/30/2005	 	 	190,769.25	 	 	USD	 
	IC577792H
	 	0658D09198	 	HNK	 	IMLC	 	KEN TRADING	 	JP	 	04/15/2005	 	05/20/2005	 	 	576,315.60	 	 	USD	 
	IC577794H
	 	0659D09185	 	HNK	 	IMLC	 	MITSUI BUSSAN TEXTILE CO., LTD.	 	JP	 	04/15/2005	 	05/15/2005	 	 	1,641.68	 	 	USD	 
	IC577796H
	 	0660D09168	 	HNK	 	IMLC	 	LANIFICIO BISENTINO S.P.A.	 	IT	 	04/15/2005	 	05/11/2005	 	 	26,780.78	 	 	USD	 
	IC577798H
	 	0661D09097	 	HNK	 	IMLC	 	KEN TRADING	 	JP	 	04/15/2005	 	05/20/2005	 	 	29,563.63	 	 	USD	 
	IC577803H
	 	0662D09310	 	HNK	 	IMLC	 	KEN TRADING	 	JP	 	04/15/2005	 	05/10/2005	 	 	145.04	 	 	USD	 
	IC577804H
	 	0663D09147	 	HNK	 	IMLC	 	TESSILGROSSO SPA	 	IT	 	04/15/2005	 	05/15/2005	 	 	119,301.00	 	 	USD	 
	IC577807H
	 	0665NA02143	 	HNK	 	IMLC	 	PICCHI S.P.A.	 	IT	 	04/15/2005	 	05/07/2005	 	 	780.18	 	 	USD	 
	IC577809H
	 	0667ND00482	 	HNK	 	IMLC	 	SAMIL KNIT CO., LTD.	 	KR	 	04/15/2005	 	05/13/2005	 	 	13,020.00	 	 	USD	 
	IC577823H
	 	0671G02857	 	HNK	 	IMLC	 	L AND D INTERNATIONAL CO., LTD.	 	KR	 	04/15/2005	 	05/20/2005	 	 	11,080.13	 	 	USD	 

 

 

     

	 	 	 	 	 

	 

	 	Wachovia Bank, N.A.
	 	Page: 7
	 

	 	Outstanding Summary Report
	 	Date: 05/11/2005
	

	 	For Applicant: JONES APPAREL GROUP USA INC.	 	 

Applicant
Name: JONES APPAREL GROUP USA, INC.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	L/C Bank	 	 	 	 	 	 	 	 	 	 	 	Opening	 	Expiry	 	L/C Equiv	 	 	 
	Reference	 	L/C Cust Reference	 	Site	 	Trans	 	Beneficiary	 	Ctry	 	Date	 	Date	 	Liability Balance	 	 	 
	IC577824H
	 	0672G02718	 	HNK	 	IMLC	 	TREMO LTD	 	KR	 	04/15/2005	 	05/22/2005	 	 	29,006.25	 	 	USD
	IC577826H
	 	0673G02874	 	HNK	 	IMLC	 	INTERMALL TEXTILE (H.K.) CO., LTD.	 	HK	 	04/15/2005	 	06/14/2005	 	 	24,911.25	 	 	USD
	IC577827H
	 	0675G02845	 	HNK	 	IMLC	 	HANA TEXTILES CO., LTD.	 	KR	 	04/15/2005	 	05/15/2005	 	 	15,907.50	 	 	USD
	IC577828H
	 	0675G02712	 	HNK	 	IMLC	 	SNT CO., LTD.	 	KR	 	04/15/2005	 	05/31/2005	 	 	42,508.20	 	 	USD
	IC577831H
	 	0676G02715	 	HNK	 	IMLC	 	SEO KWANG TRADING CO., LTD.	 	KR	 	04/15/2005	 	05/30/2005	 	 	16,668.75	 	 	USD
	IC577992H
	 	0677JG5441	 	HNK	 	IMLC	 	CHINAMINE TRADING LTD.	 	HK	 	04/20/2005	 	05/12/2005	 	 	512,952.42	 	 	USD
	IC577993H
	 	0678JG5540	 	HNK	 	IMLC	 	CHINAMINE TRADING LTD.	 	HK	 	04/20/2005	 	05/11/2005	 	 	83,647.77	 	 	USD
	IC577996H
	 	0679JG5546	 	HNK	 	IMLC	 	HIGH FASHION GARMENTS CO. LTD.	 	HK	 	04/20/2005	 	06/04/2005	 	 	463,051.25	 	 	USD
	IC577999H
	 	0680JG5530	 	HNK	 	IMLC	 	JOY PLUS TRADING (HK) LTD	 	HK	 	04/20/2005	 	05/10/2005	 	 	253,020.93	 	 	USD
	IC578002H
	 	0681JG5317	 	HNK	 	IMLC	 	LAI’S KNITWEAR MANUFACTURING LTD.	 	HK	 	04/20/2005	 	05/15/2005	 	 	262,308.81	 	 	USD
	IC578012H
	 	0682JG5482	 	HNK	 	IMLC	 	JOY PLUS TRADING (HK) LTD	 	HK	 	04/20/2005	 	05/15/2005	 	 	38,939.00	 	 	USD
	IC578015H
	 	0684JG5527	 	HNK	 	IMLC	 	ATRACO INDUSTRIAL ENTERPRISES	 	AE	 	04/20/2005	 	05/21/2005	 	 	26,247.06	 	 	USD
	IC578017H
	 	0685JG5493	 	HNK	 	IMLC	 	SAVERIO INTERNATIONAL LIMITED	 	HK	 	04/20/2005	 	05/22/2005	 	 	58,084.20	 	 	USD
	IC578019H
	 	0686JG5522	 	HNK	 	IMLC	 	FORMOSTAR GARMENT CO., LTD.	 	TW	 	04/20/2005	 	05/30/2005	 	 	35,704.14	 	 	USD
	IC578020H
	 	0687JG5541	 	HNK	 	IMLC	 	CHINAMINE TRADING LTD.	 	HK	 	04/20/2005	 	05/25/2005	 	 	55,442.88	 	 	USD
	IC578023H
	 	0688JEV065R1	 	HNK	 	IMLC	 	HYUNJIN APPAREL CO., LTD.	 	KR	 	04/20/2005	 	07/18/2005	 	 	1,277,908.33	 	 	USD
	IC578026H
	 	0689JTK0411A	 	HNK	 	IMLC	 	HAN SAE CO., LTD.	 	KR	 	04/20/2005	 	05/16/2005	 	 	208,653.35	 	 	USD
	IC578029H
	 	0690AGOC264	 	HNK	 	IMLC	 	ORIENT CRAFT LIMITED	 	IN	 	04/20/2005	 	05/20/2005	 	 	101,941.56	 	 	USD
	IC578031H
	 	0691JONES	 	HNK	 	IMLC	 	DISENO Y COLOR S.A.	 	PE	 	04/20/2005	 	06/14/2005	 	 	332,876.88	 	 	USD
	IC578069H
	 	0693NA02327	 	HNK	 	IMLC	 	BTD TEKSTIL LTD	 	TR	 	04/20/2005	 	05/10/2005	 	 	18,228.00	 	 	USD
	IC578082H
	 	0694NA02117	 	HNK	 	IMLC	 	LES TISSUS MAREY	 	FR	 	04/20/2005	 	05/10/2005	 	 	13,125.00	 	 	USD
	IC578084H
	 	0695NA02335	 	HNK	 	IMLC	 	BTD TEKSTIL SAN. VE TIC. AS.	 	TR	 	04/20/2005	 	05/30/2005	 	 	29,786.40	 	 	USD
	IC578086H
	 	0696NA02254	 	HNK	 	IMLC	 	BTD TEKSTIL SAN. VE TIC. AS.	 	TR	 	04/20/2005	 	05/10/2005	 	 	10,025.40	 	 	USD
	IC578087H
	 	0697NA02240	 	HNK	 	IMLC	 	BTD TEKSTIL SAN. VE TIC. AS.	 	TR	 	04/20/2005	 	05/10/2005	 	 	18,277.88	 	 	USD
	IC578088H
	 	0698NA02251	 	HNK	 	IMLC	 	TESSILGODI S.P.A.	 	IT	 	04/20/2005	 	06/04/2005	 	 	21,619.50	 	 	USD
	IC578092H
	 	0699NA02245	 	HNK	 	IMLC	 	SEJEE COMPANY LIMITED	 	HK	 	04/20/2005	 	05/25/2005	 	 	39,768.75	 	 	USD
	IC578097H
	 	0700D09200	 	HNK	 	IMLC	 	KEN TRADING	 	JP	 	04/20/2005	 	06/09/2005	 	 	221,165.70	 	 	USD
	IC578098H
	 	0701D09224	 	HNK	 	IMLC	 	MITSUI BUSSAN TEXTILE CO., LTD.	 	JP	 	04/21/2005	 	05/30/2005	 	 	18,900.00	 	 	USD
	IC578099H
	 	0702D09215	 	HNK	 	IMLC	 	KEN TRADING	 	JP	 	04/20/2005	 	05/30/2005	 	 	1,413.12	 	 	USD
	IC578100H
	 	0703D09241	 	HNK	 	IMLC	 	KEN TRADING	 	JP	 	04/20/2005	 	06/04/2005	 	 	44,864.40	 	 	USD

 

 

     

	 	 	 	 	 

	 

	 	Wachovia Bank, N.A.
	 	Page: 8
	 

	 	Outstanding Summary Report
	 	Date: 05/11/2005
	

	 	For Applicant: JONES APPAREL
GROUP USA, INC.	 	 

Applicant
Name: JONES APPAREL GROUP USA, INC.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	L/C Bank	 	 	 	 	 	 	 	 	 	 	 	Opening	 	Expiry	 	L/C Equiv	 	 	 
	Reference	 	L/C Cust Reference	 	Site	 	Trans	 	Beneficiary	 	Ctry	 	Date	 	Date	 	Liability Balance	 	 	 
	IC578101H
	 	0704D09290	 	HNK	 	IMLC	 	TEXTILE LOOK S.R.L	 	IT	 	04/20/2005	 	06/04/2005	 	 	14,916.83	 	 	USD
	IC578102H
	 	0705D09302	 	HNK	 	IMLC	 	TEXTILE LOOK S.R.L	 	IT	 	04/20/2005	 	05/25/2005	 	 	25,462.50	 	 	USD
	IC578156H
	 	0707G02883	 	HNK	 	IMLC	 	HANSIN TOPAZ CO., LTD.	 	KR	 	04/21/2005	 	05/25/2005	 	 	1.10	 	 	USD
	IC578158H
	 	0708G02819	 	HNK	 	IMLC	 	HANSIN TOPAZ CO., LTD.	 	KR	 	04/21/2005	 	05/15/2005	 	 	143.50	 	 	USD
	IC578163H
	 	0709JG5513	 	HNK	 	IMLC	 	HEMPEL CHINA LIMITED	 	C2	 	04/25/2005	 	05/21/2005	 	 	245,390.75	 	 	USD
	IC578165H
	 	0710JG5492	 	HNK	 	IMLC	 	EXCELLENT JADE LIMITED	 	HK	 	04/25/2005	 	06/14/2005	 	 	222,272.44	 	 	USD
	IC578166H
	 	0711JG5535	 	HNK	 	IMLC	 	CALIBRE MERCHANDISING CO., LTD.	 	HK	 	04/25/2005	 	06/02/2005	 	 	27,188.14	 	 	USD
	IC578167H
	 	0712JG5542	 	HNK	 	IMLC	 	JOY PLUS TRADING (HK) LTD	 	HK	 	04/25/2005	 	05/17/2005	 	 	47,267.12	 	 	USD
	IC578171H
	 	0713JG5523	 	HNK	 	IMLC	 	ATRACO INDUSTRIAL ENTERPRISES	 	AE	 	04/25/2005	 	05/17/2005	 	 	114,039.41	 	 	USD
	IC578172H
	 	0714JG5554	 	HNK	 	IMLC	 	P.T. MASTERINDO JAYA ABADI	 	ID	 	04/25/2005	 	06/04/2005	 	 	32,967.17	 	 	USD
	IC578174H
	 	0715JG5531	 	HNK	 	IMLC	 	ATRACO INDUSTRIAL ENTERPRISES	 	AE	 	04/25/2005	 	05/21/2005	 	 	1,032,414.77	 	 	USD
	IC578175H
	 	0716JG5488	 	HNK	 	IMLC	 	NAMESON INDUSTRIAL LIMITED	 	HK	 	04/25/2005	 	06/29/2005	 	 	100,182.18	 	 	USD
	IC578176H
	 	0717JG5503	 	HNK	 	IMLC	 	CHINAMINE TRADING LTD.	 	HK	 	04/25/2005	 	05/25/2005	 	 	94,734.41	 	 	USD
	IC578177H
	 	0718JG5529	 	HNK	 	IMLC	 	SHANGDONG CHERRY GROUP MAYTEX	 	C1	 	04/25/2005	 	05/26/2005	 	 	42,871.36	 	 	USD
	IC578178H
	 	0719JG5549	 	HNK	 	IMLC	 	GRAND-TECH INTERNATIONAL CO. LTD.	 	HK	 	04/25/2005	 	05/26/2005	 	 	112,067.49	 	 	USD
	IC578180H
	 	0720JG5514	 	HNK	 	IMLC	 	BUSINESS FAITH INTERNATIONAL LTD.	 	HK	 	04/25/2005	 	05/30/2005	 	 	102,164.00	 	 	USD
	IC578181H
	 	0721JG5515	 	HNK	 	IMLC	 	YEE TUNG GARMENT CO., LTD.	 	HK	 	04/25/2005	 	07/23/2005	 	 	118,877.80	 	 	USD
	IC578182H
	 	0722JG5516	 	HNK	 	IMLC	 	BUSINESS FAITH INTERNATIONAL LTD.	 	HK	 	04/25/2005	 	05/30/2005	 	 	84,589.03	 	 	USD
	IC578183H
	 	0723JG5543	 	HNK	 	IMLC	 	TONGLU PUDE GARMENTS CO.	 	C2	 	04/25/2005	 	05/30/2005	 	 	21,664.83	 	 	USD
	IC578184H
	 	0724JG5552	 	HNK	 	IMLC	 	JOY PLUS TRADING (HK) LTD	 	HK	 	04/25/2005	 	05/31/2005	 	 	50,309.28	 	 	USD
	IC578185H
	 	0725JG5533	 	HNK	 	IMLC	 	JOY PLUS TRADING (HK) LTD	 	HK	 	04/25/2005	 	06/07/2005	 	 	203,988.39	 	 	USD
	IC578188H
	 	0726JG5494	 	HNK	 	IMLC	 	MAXIMARK INTERNATIONAL LIMITED	 	HK	 	04/25/2005	 	06/01/2005	 	 	87,495.21	 	 	USD
	IC578189H
	 	0727JG5517	 	HNK	 	IMLC	 	EXCELLENT JADE LIMITED	 	HK	 	04/25/2005	 	06/01/2005	 	 	25,725.00	 	 	USD
	IC578191H
	 	0728JG5536	 	HNK	 	IMLC	 	LEIGHTON TEXTILES CO., LTD	 	HK	 	04/25/2005	 	06/01/2005	 	 	129,399.22	 	 	USD
	IC578203H
	 	0729JG5544	 	HNK	 	IMLC	 	ATRACO INDUSTRIAL ENTERPRISES	 	AE	 	04/25/2005	 	06/05/2005	 	 	400,382.14	 	 	USD
	IC578206H
	 	0730JEV063JE1	 	HNK	 	IMLC	 	HAN SAE CO., LTD.	 	KR	 	04/25/2005	 	06/05/2005	 	 	144,806.00	 	 	USD
	IC578211H
	 	0731PAUL0419LCB	 	HNK	 	IMLC	 	SAMKWANG APPAREL CORP	 	KR	 	04/25/2005	 	07/06/2005	 	 	492,218.25	 	 	USD
	IC578215H
	 	0732PAUL0420	 	HNK	 	IMLC	 	POONGIN TRADING CO., LTD.	 	KR	 	04/25/2005	 	06/05/2005	 	 	53,256.00	 	 	USD
	IC578217H
	 	0733JTK0415A	 	HNK	 	IMLC	 	EUHA INTERNATIONAL LTD	 	KR	 	04/25/2005	 	06/04/2005	 	 	24,056.05	 	 	USD
	IC578273H
	 	0734PAUL0419	 	HNK	 	IMLC	 	EUHA INTERNATIONAL LTD	 	KR	 	04/25/2005	 	07/06/2005	 	 	27,963.92	 	 	USD

 

 

     

	 	 	 	 	 

	 

	 	Wachovia Bank, N.A.
	 	Page: 9
	 

	 	Outstanding Summary Report
	 	Date: 05/11/2005
	

	 	For Applicant: JONES APPAREL GROUP USA INC.	 	 

Applicant Name: JONES APPAREL GROUP USA, INC.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	L/C Bank	 	 	 	 	 	 	 	 	 	 	 	Opening	 	Expiry	 	L/C Equiv	 	 	 
	Reference	 	L/C Cust Reference	 	Site	 	Trans	 	Beneficiary	 	Ctry	 	Date	 	Date	 	Liability Balance	 	 	 
	IC578285H
	 	0735JEV062JE1	 	HNK	 	IMLC	 	HAN SAE CO., LTD.	 	KR	 	04/25/2005	 	07/03/2005	 	 	402,431.66	 	 	USD
	IC578293H
	 	0736SK0406A	 	HNK	 	IMLC	 	HYUNJIN APPAREL CO., LTD.	 	KR	 	04/25/2005	 	06/06/2005	 	 	407,681.79	 	 	USD
	IC578296H
	 	0737SK0414A	 	HNK	 	IMLC	 	HYUNJIN APPAREL CO., LTD.	 	KR	 	04/25/2005	 	07/11/2005	 	 	1,080,437.68	 	 	USD
	IC578298H
	 	0738KR033005A	 	HNK	 	IMLC	 	JIN YOUNG INDUSTRIAL CO. LTD.	 	KR	 	04/25/2005	 	06/08/2005	 	 	148,800.82	 	 	USD
	IC578299H
	 	0739AGOC265	 	HNK	 	IMLC	 	ORIENT CRAFT LIMITED	 	IN	 	04/25/2005	 	05/20/2005	 	 	44,769.08	 	 	USD
	IC578307H
	 	0740D09135	 	HNK	 	IMLC	 	PARAMOUNT TEXTEIS INDUSTRIA E	 	BR	 	04/25/2005	 	06/25/2005	 	 	480,658.50	 	 	USD
	IC578308H
	 	0741NA02211	 	HNK	 	IMLC	 	TAECHANG ENTERPRISE CO., LTD.	 	KR	 	04/25/2005	 	05/12/2005	 	 	32.40	 	 	USD
	IC578406H
	 	0742NW00048	 	HNK	 	IMLC	 	HANSIN TOPAZ CO., LTD.	 	KR	 	04/26/2005	 	05/15/2005	 	 	133.10	 	 	USD
	IC578525H
	 	0743JG5555	 	HNK	 	IMLC	 	AUTOMOBILE FASHIONS CO., LTD	 	TW	 	04/29/2005	 	06/01/2005	 	 	344,910.02	 	 	USD
	IC578527H
	 	0744JG5593	 	HNK	 	IMLC	 	ATRACO INDUSTRIAL ENTERPRISES	 	AE	 	04/29/2005	 	07/09/2005	 	 	190,242.07	 	 	USD
	IC578530H
	 	0745JG5574	 	HNK	 	IMLC	 	UNITEX FASHION (CHINA) LIMITED	 	HK	 	04/29/2005	 	06/23/2005	 	 	34,749.83	 	 	USD
	IC578532H
	 	0746JG5557	 	HNK	 	IMLC	 	KWIN HING KNITTING FTY. LTD.	 	HK	 	04/29/2005	 	06/01/2005	 	 	86,560.04	 	 	USD
	IC578534H
	 	0747JG5565	 	HNK	 	IMLC	 	FULLCHARM KNITTERS LIMITED	 	HK	 	04/29/2005	 	05/25/2005	 	 	33,471.90	 	 	USD
	IC578538H
	 	0748JG5578	 	HNK	 	IMLC	 	FORNTON KNITTING CO., LTD.	 	HK	 	04/29/2005	 	05/25/2005	 	 	20,802.36	 	 	USD
	IC578598H
	 	0749JG5589	 	HNK	 	IMLC	 	SHANGDONG CHERRY GROUP MAYTEX	 	C1	 	04/29/2005	 	05/26/2005	 	 	8,765.48	 	 	USD
	IC578599H
	 	0750JG5575	 	HNK	 	IMLC	 	GRAND-TECH INTERNATIONAL CO. LTD.	 	HK	 	05/03/2005	 	06/11/2005	 	 	322,684.10	 	 	USD
	IC578602H
	 	0751JO0421	 	HNK	 	IMLC	 	HYUNJIN APPAREL CO., LTD.	 	KR	 	04/29/2005	 	06/26/2005	 	 	213,723.99	 	 	USD
	IC578605H
	 	0752JG41080	 	HNK	 	IMLC	 	YOOPOONG CORPORATION	 	KR	 	04/29/2005	 	05/22/2005	 	 	76,569.30	 	 	USD
	IC578606H
	 	0753JG5591	 	HNK	 	IMLC	 	ATRACO INDUSTRIAL ENTERPRISES	 	AE	 	04/29/2005	 	05/24/2005	 	 	13,874.28	 	 	USD
	IC578607H
	 	0754JG5558	 	HNK	 	IMLC	 	FORNTON KNITTING CO., LTD.	 	HK	 	04/29/2005	 	06/01/2005	 	 	216,062.40	 	 	USD
	IC578608H
	 	0755JG5583	 	HNK	 	IMLC	 	PT. UNGARAN SARI GARMENTS	 	ID	 	04/29/2005	 	06/14/2005	 	 	45,612.93	 	 	USD
	IC578609H
	 	0756JG5598	 	HNK	 	IMLC	 	HIGH FASHION GARMENTS CO. LTD.	 	HK	 	04/29/2005	 	06/03/2005	 	 	27,123.13	 	 	USD
	IC578610H
	 	0757JG5573	 	HNK	 	IMLC	 	KWIN HING KNITTING FTY. LTD.	 	HK	 	04/29/2005	 	06/15/2005	 	 	112,867.91	 	 	USD
	IC578611H
	 	0758JG5588	 	HNK	 	IMLC	 	PLATINUM 2000 LIMITED	 	HK	 	04/29/2005	 	07/07/2005	 	 	146,350.38	 	 	USD
	IC578614H
	 	0759JG5553	 	HNK	 	IMLC	 	JOY PLUS TRADING (HK) LTD	 	HK	 	04/29/2005	 	06/14/2005	 	 	197,211.20	 	 	USD
	IC578617H
	 	0760JG5580	 	HNK	 	IMLC	 	JOY PLUS TRADING (HK) LTD	 	HK	 	04/29/2005	 	07/19/2005	 	 	36,716.37	 	 	USD
	IC578619H
	 	0761JG5537	 	HNK	 	IMLC	 	CHINAMINE TRADING LTD.	 	HK	 	04/29/2005	 	06/08/2005	 	 	14,896.99	 	 	USD
	IC578627H
	 	0762JG5538	 	HNK	 	IMLC	 	KWIN HING KNITTING FTY. LTD.	 	HK	 	04/29/2005	 	07/06/2005	 	 	73,754.58	 	 	USD
	IC578628H
	 	0763JG5570	 	HNK	 	IMLC	 	DASHING INDUSTRIAL COMPANY LIMITED	 	HK	 	04/29/2005	 	06/08/2005	 	 	29,283.60	 	 	USD
	IC578631H
	 	0764JG5571	 	HNK	 	IMLC	 	AUTOMOBILE FASHIONS CO., LTD	 	TW	 	04/29/2005	 	06/08/2005	 	 	63,293.24	 	 	USD

 

 

     

	 	 	 	 	 

	 

	 	Wachovia Bank, N.A.
	 	Page: 10
	 

	 	Outstanding Summary Report
	 	Date: 05/11/2005
	

	 	For Applicant: JONES APPAREL
GROUP USA INC.	 	 

Applicant
Name: JONES APPAREL GROUP USA, INC.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	L/C Bank	 	 	 	 	 	 	 	 	 	 	 	Opening	 	Expiry	 	L/C Equiv	 	 	 
	Reference	 	L/C Cust Reference	 	Site	 	Trans	 	Beneficiary	 	Ctry	 	Date	 	Date	 	Liability Balance	 	 	 
	IC578633H
	 	0765JG5584	 	HNK	 	IMLC	 	KWIN HING KNITTING FTY. LTD.	 	HK	 	04/29/2005	 	06/08/2005	 	 	38,461.52	 	 	USD
	IC578634H
	 	0766JG5566	 	HNK	 	IMLC	 	ATRACO INDUSTRIAL ENTERPRISES	 	AE	 	04/29/2005	 	06/11/2005	 	 	494,550.00	 	 	USD
	IC578635H
	 	0767NA02054	 	HNK	 	IMLC	 	CHINAMINE TRADING LTD.	 	HK	 	04/29/2005	 	05/20/2005	 	 	4,323.38	 	 	USD
	IC578687H
	 	0768HD00332	 	HNK	 	IMLC	 	YOO SAN CO., LTD.	 	KR	 	05/03/2005	 	05/18/2005	 	 	67,872.00	 	 	USD
	IC578726H
	 	0770G02854	 	HNK	 	IMLC	 	SNT CO., LTD.	 	KR	 	05/03/2005	 	05/25/2005	 	 	9,632.70	 	 	USD
	IC578727H
	 	0771NA02260	 	HNK	 	IMLC	 	EXSA EXPORT SANAYI MAMULLERI SATIS	 	TR	 	05/03/2005	 	06/14/2005	 	 	16,049.25	 	 	USD
	IC578728H
	 	0772MA01036	 	HNK	 	IMLC	 	MANIFATURRA TESSILE NEW LINE SPA	 	IT	 	05/03/2005	 	06/20/2005	 	 	45,012.71	 	 	USD
	IC578729H
	 	0773MA01041	 	HNK	 	IMLC	 	BTD TEKSTIL SAN. VE TIC. AS.	 	TR	 	05/03/2005	 	05/25/2005	 	 	26,294.63	 	 	USD
	IC578730H
	 	0774MA01068	 	HNK	 	IMLC	 	ABRAHAM MOON AND SONS LIMITED	 	GB	 	05/03/2005	 	07/20/2005	 	 	232,592.59	 	 	USD
	IC578731H
	 	0775MA01013	 	HNK	 	IMLC	 	D.A.G. CO., LTD.	 	TW	 	05/03/2005	 	05/30/2005	 	 	147,219.66	 	 	USD
	IC578732H
	 	0776NA02249	 	HNK	 	IMLC	 	MENSA	 	TR	 	05/03/2005	 	06/04/2005	 	 	50,884.05	 	 	USD
	IC578733H
	 	0778D09305	 	HNK	 	IMLC	 	TESSILGODI S.P.A.	 	IT	 	05/03/2005	 	06/10/2005	 	 	8,904.00	 	 	USD
	IC578783H
	 	0779JG5604	 	HNK	 	IMLC	 	PAK TAK KNITTING GARMENT FACTORY L	 	HK	 	05/03/2005	 	05/25/2005	 	 	118,852.34	 	 	USD
	IC578785H
	 	0780JTK0425B	 	HNK	 	IMLC	 	HAN SAE CO., LTD.	 	KR	 	05/03/2005	 	06/05/2005	 	 	24,620.55	 	 	USD
	IC578786H
	 	0781JTK0425D	 	HNK	 	IMLC	 	SAMKWANG APPAREL CORP	 	KR	 	05/03/2005	 	06/05/2005	 	 	93,723.14	 	 	USD
	IC578787H
	 	0782JTK0425A	 	HNK	 	IMLC	 	HAN SAE CO., LTD.	 	KR	 	05/03/2005	 	06/05/2005	 	 	323,903.87	 	 	USD
	IC578788H
	 	0783JEV070R1	 	HNK	 	IMLC	 	HOJEON LIMITED	 	KR	 	05/03/2005	 	07/20/2005	 	 	169,973.87	 	 	USD
	IC579004H
	 	0784NA02355	 	HNK	 	IMLC	 	BTD TEKSTIL SAN. VE TIC. AS.	 	TR	 	05/09/2005	 	06/09/2005	 	 	33,870.38	 	 	USD
	IC579026H
	 	0785D09327	 	HNK	 	IMLC	 	KEN TRADING	 	JP	 	05/09/2005	 	06/30/2005	 	 	97,383.83	 	 	USD
	IC579028H
	 	0786D09291	 	HNK	 	IMLC	 	MITSUI BUSSAN TEXTILE CO., LTD.	 	JP	 	05/09/2005	 	06/20/2005	 	 	22,932.00	 	 	USD
	IC579032H
	 	0788D09250	 	HNK	 	IMLC	 	TAI FUNG TEXTILES CO. LTD.	 	HK	 	05/09/2005	 	06/20/2005	 	 	18,319.88	 	 	USD
	IC579034H
	 	0789D09251	 	HNK	 	IMLC	 	TESSITURE MECCANICHE SETERIE	 	IT	 	05/09/2005	 	06/10/2005	 	 	78,694.35	 	 	USD
	IC579035H
	 	0790NA02244	 	HNK	 	IMLC	 	EXSA EXPORT SANAYI MAMULLERI SATIS	 	TR	 	05/09/2005	 	05/30/2005	 	 	29,798.69	 	 	USD
	IC579036H
	 	0792NA02336	 	HNK	 	IMLC	 	BTD TEKSTIL SAN. VE TIC. AS.	 	TR	 	05/09/2005	 	06/06/2005	 	 	18,757.20	 	 	USD
	IC579095H
	 	0793JG5619	 	HNK	 	IMLC	 	KEYABLE INTERNATIONAL LTD.	 	HK	 	05/11/2005	 	06/01/2005	 	 	75,584.81	 	 	USD
	IC579096H
	 	0794JG5610	 	HNK	 	IMLC	 	SHANGHAI SALES CLOTHING (WEI YA)CO	 	C2	 	05/11/2005	 	05/30/2005	 	 	50,657.50	 	 	USD
	IC579123H
	 	0795JG5559	 	HNK	 	MLC	 	CHIN HO KNITTING FACTORY LIMITED	 	HK	 	05/11/2005	 	06/08/2005	 	 	131,389.17	 	 	USD
	IC579124H
	 	0796JG5561	 	HNK	 	IMLC	 	LAI KO KNITTING FTY. LTD.	 	HK	 	05/11/2005	 	06/08/2005	 	 	26,929.67	 	 	USD
	IC579126H
	 	0797JG5564	 	HNK	 	IMLC	 	WILFORD KNITWEAR FTY. LTD.	 	HK	 	05/11/2005	 	06/08/2005	 	 	83,600.76	 	 	USD
	IC579127H
	 	0798JG5643	 	HNK	 	IMLC	 	KWIN HING KNITTING FTY. LTD.	 	HK	 	05/11/2005	 	05/30/2005	 	 	103,128.55	 	 	USD

 

 

     

	 	 	 	 	 

	 

	 	Wachovia Bank, N.A.
	 	Page: 11
	 

	 	Outstanding Summary Report
	 	Date: 05/11/2005
	

	 	For Applicant: JONES APPAREL GROUP USA INC.	 	 

Applicant Name: JONES APPAREL GROUP USA INC.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	L/C Bank	 	 	 	 	 	 	 	 	 	 	 	Opening	 	Expiry	 	L/C Equiv	 	 	 
	Reference	 	L/C Cust Reference	 	Site	 	Trans	 	Beneficiary	 	Ctry	 	Date	 	Date	 	Liability Balance	 	 	 
	IC579171H
	 	0799JG5608	 	HNK	 	IMLC	 	FIL-PACIFIC APPAREL CORPORATION	 	PH	 	05/11/2005	 	06/27/2005	 	 	275,822.93	 	 	USD
	IC579200H
	 	0800JG5620	 	HNK	 	IMLC	 	SHANGDONG CHERRY GROUP MAYTEX	 	C1	 	05/11/2005	 	05/30/2005	 	 	58,306.08	 	 	USD
	IC579205H
	 	0801JG5624	 	HNK	 	IMLC	 	FORMOSTAR GARMENT CO., LTD.	 	TW	 	05/11/2005	 	05/30/2005	 	 	105,991.28	 	 	USD
	IC579212H
	 	0802JG5628	 	HNK	 	IMLC	 	HIGH FASHION GARMENTS CO. LTD.	 	HK	 	05/11/2005	 	06/27/2005	 	 	50,440.90	 	 	USD
	IC579227H
	 	0803JG5614	 	HNK	 	IMLC	 	CHINAMINE TRADING LTD.	 	HK	 	05/11/2005	 	06/08/2005	 	 	123,961.36	 	 	USD
	IC579228H
	 	0804JG5607	 	HNK	 	IMLC	 	JOY PLUS TRADING (HK) LTD	 	HK	 	05/11/2005	 	06/04/2005	 	 	57,099.06	 	 	USD
	IC579229H
	 	0805JG5642	 	HNK	 	IMLC	 	TONGLU PUDE GARMENTS CO.	 	C2	 	05/11/2005	 	06/04/2005	 	 	235,412.19	 	 	USD
	IC579231H
	 	0806JG5609	 	HNK	 	IMLC	 	FORMOSTAR GARMENT CO., LTD.	 	TW	 	05/11/2005	 	06/06/2005	 	 	55,759.03	 	 	USD
	IC579232H
	 	0807JG5590	 	HNK	 	IMLC	 	JOY PLUS TRADING (HK) LTD	 	HK	 	05/11/2005	 	06/07/2005	 	 	51,402.70	 	 	USD
	IC579233H
	 	0808JG5605	 	HNK	 	IMLC	 	FORNTON KNITTING CO., LTD.	 	HK	 	05/11/2005	 	06/08/2005	 	 	41,485.63	 	 	USD
	IC579234H
	 	0809JTK0428A	 	HNK	 	IMLC	 	SAMKWANG APPAREL CORP	 	KR	 	05/11/2005	 	06/06/2005	 	 	27,442.86	 	 	USD
	IC579235H
	 	0810JTK0426A	 	HNK	 	IMLC	 	SAMKWANG APPAREL CORP	 	KR	 	05/11/2005	 	06/10/2005	 	 	423,642.68	 	 	USD
	IC579237H
	 	0811A1/R5	 	HNK	 	IMLC	 	BISHARA TEXTILE AND MANUFACTURING	 	EG	 	05/11/2005	 	05/30/2005	 	 	34,904.16	 	 	USD
	IC579238H
	 	0812A1/R2	 	HNK	 	IMLC	 	BISHARA TEXTILE AND MANUFACTURING	 	EG	 	05/11/2005	 	05/30/2005	 	 	65,930.52	 	 	USD
	 	 	 	 	 	 	 	 	 	 	 	 	Appl Name Total:	 	 	47,255,033.92	 	 	 

Applicant Name: NORTON MCNAUGHTON OF SQUIRE,

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	L/C Bank	 	 	 	 	 	 	 	 	 	 	 	Opening	 	Expiry	 	L/C Equiv	 	 	 
	Reference	 	L/C Cust Reference	 	Site	 	Trans	 	Beneficiary	 	Ctry	 	Date	 	Date	 	Liability Balance	 	 	 
	SM208080
	 	SM208080	 	USA	 	SBLC	 	GETTINGER ASSOCIATES, L.P.	 	US	 	05/06/2004	 	03/31/2006	 	 	19,899.66	 	 	USD
	 	 	 	 	 	 	 	 	 	 	 	 	Appl Name Total:	 	 	19,899.66	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	Total:	 	 	 	 	77,254,702.90	 	 	 
	BA/ACCPT Summary:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	Total:	 	 	 	 	 	 	 	 

*** END OF OUTSTANDING SUMMARY REPORT

OSTSMY.RDF 

 

 

     

	 	 	 	 	 

	 

	 	Wachovia Bank, N.A.
	 	Page: 1
	 

	 	Outstanding Summary Report
	 	Date: 05/11/2005 
	

	 	For Applicant: NINE WEST	 	 

Applicant Name: NINE WEST GROUP

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	L/C Bank	 	 	 	 	 	 	 	 	 	 	 	Opening	 	Expiry	 	L/C Equiv	 	 	 
	Reference	 	L/C Cust Reference	 	Site	 	Trans	 	Beneficiary	 	Ctry	 	Date	 	Date	 	Liability Balance	 	 	 
	IC009677U
	 	NW0157PDNWR46	 	USA	 	IMLC	 	ZENITH HANDBAGS	 	CA	 	03/24/2005	 	05/26/2005	 	 	72,039.00	 	 	USD
	IC009884U
	 	NW0170CW895	 	USA	 	IMLC	 	CMA MARKETING	 	US	 	04/07/2005	 	06/05/2005	 	 	28,502.42	 	 	USD
	IC010139U
	 	NW0205CW902	 	USA	 	IMLC	 	STREET CARS	 	US	 	04/26/2005	 	06/24/2005	 	 	106,048.50	 	 	USD
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	Appl Name Total:	 	 	206,589.92	 	 	 

Applicant Name: NINE WEST GROUP INC.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	L/C Bank	 	 	 	 	 	 	 	 	 	 	 	Opening	 	Expiry	 	L/C Equiv	 	 	 
	Reference	 	L/C Cust Reference	 	Site	 	Trans	 	Beneficiary	 	Ctry	 	Date	 	Date	 	Liability Balance	 	 
	IC573733H
	 	NW0117CW879	 	HNK	 	IMLC	 	GIESSE CALZATURE SRL	 	IT	 	03/03/2005	 	04/30/2005	 	 	49,612.50	 	 	USD
	IC573736H
	 	NW0118LM007	 	HNK	 	IMLC	 	SUREFIELD LIMITED	 	HK	 	03/03/2005	 	04/29/2005	 	 	20,906.40	 	 	USD
	IC574213H
	 	NW0133SNLK28	 	HNK	 	IMLC	 	OVERLAND TRADING S/A	 	BR	 	03/14/2005	 	05/03/2005	 	 	27,027.00	 	 	USD
	IC576561H
	 	NW0144LM012	 	HNK	 	IMLC	 	SUREFIELD LIMITED	 	HK	 	03/21/2005	 	06/04/2005	 	 	175,657.20	 	 	USD
	IC576566H
	 	NW0151DP76	 	HNK	 	IMLC	 	GOLDEN MATE INTERNATIONAL CORP.	 	TW	 	03/18/2005	 	05/28/2005	 	 	26,998.20	 	 	USD
	IC576787H
	 	NW0152DP81	 	HNK	 	IMLC	 	CALZATURIFICIO JOPER SRL	 	IT	 	03/24/2005	 	05/31/2005	 	 	14,489.19	 	 	USD
	IC576788H
	 	NW0153KG006	 	HNK	 	IMLC	 	SUREFIELD LIMITED	 	HK	 	03/24/2005	 	06/04/2005	 	 	61,490.40	 	 	USD
	IC576790H
	 	NW0155DP75	 	HNK	 	IMLC	 	CORAL REEF ASIA PACIFIC	 	HK	 	03/24/2005	 	05/28/2005	 	 	36,528.00	 	 	USD
	IC576791H
	 	NW0156LM016	 	HNK	 	IMLC	 	SUREFIELD LIMITED	 	HK	 	03/24/2005	 	05/23/2005	 	 	9,672.00	 	 	USD
	IC576792H
	 	NW0158SNLK29	 	HNK	 	IMLC	 	OVERLAND TRADING S/A	 	BR	 	03/24/2005	 	05/20/2005	 	 	30,625.50	 	 	USD
	IC576793H
	 	NW0159PROF014	 	HNK	 	IMLC	 	MARONDA INTERNATIONAL LTD.	 	TW	 	03/24/2005	 	06/03/2005	 	 	44,322.00	 	 	USD
	IC576794H
	 	NW0160DA177	 	HNK	 	IMLC	 	CALZATURIFICIO LENCIONI CARLO SRL	 	IT	 	03/24/2005	 	06/04/2005	 	 	75,013.20	 	 	USD
	IC576795H
	 	NW0161LM017	 	HNK	 	IMLC	 	SUREFIELD LIMITED	 	HK	 	03/24/2005	 	06/04/2005	 	 	165,985.20	 	 	USD
	IC576971H
	 	NW0162DP82	 	HNK	 	IMLC	 	CALZATURIFICIO JOPER SRL	 	IT	 	03/30/2005	 	05/26/2005	 	 	11,692.80	 	 	USD
	IC577414H
	 	0169CW894	 	HNK	 	IMLC	 	GET EVER INTERNATIONAL LTD.	 	TW	 	04/07/2005	 	06/04/2005	 	 	84,773.55	 	 	USD
	IC577415H
	 	NW0171CW896	 	HNK	 	IMLC	 	POPUTOP ENTERPRISE CORP.	 	TW	 	04/07/2005	 	06/05/2005	 	 	19,260.00	 	 	USD
	IC577418H
	 	NW0173CW898	 	HNK	 	IMLC	 	GET EVER INTERNATIONAL LTD.	 	TW	 	04/07/2005	 	06/06/2005	 	 	61,875.00	 	 	USD
	IC577419H
	 	NW0174CW899	 	HNK	 	IMLC	 	FU CHEN INTERNATIONAL LTD.	 	HK	 	04/07/2005	 	05/27/2005	 	 	18,507.00	 	 	USD
	IC577420H
	 	NW0175CW900	 	HNK	 	IMLC	 	CALZATURIFICIO JOPER SRL	 	IT	 	04/07/2005	 	06/05/2005	 	 	72,716.13	 	 	USD
	IC577422H
	 	NW0177LM027	 	HNK	 	IMLC	 	SOUTH SERVICE TRADING S/A	 	BR	 	04/07/2005	 	06/10/2005	 	 	86,197.35	 	 	USD
	IC577423H
	 	NW0178KG007	 	HNK	 	IMLC	 	SUREFIELD LIMITED	 	HK	 	04/07/2005	 	05/30/2005	 	 	28,548.00	 	 	USD
	IC577617H
	 	NW0179MTK5	 	HNK	 	IMLC	 	MARONDA INTERNATIONAL LTD.	 	TW	 	04/12/2005	 	06/25/2005	 	 	51,224.40	 	 	USD

OSTSMY.RDF

 

 

     

	 	 	 	 	 

	 

	 	Wachovia Bank, N.A.
	 	Page: 2
	 

	 	Outstanding Summary Report
	 	Date: 05/11/2005 
	

	 	For Applicant: NINE WEST	 	 

Applicant Name: NINE WEST GROUP INC.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	L/CBank	 	 	 	 	 	 	 	 	 	 	 	Opening	 	Expiry	 	L/C Equiv	 	 	 
	Reference	 	L/C Cust Reference	 	Site	 	Trans	 	Beneficiary	 	Ctry	 	Date	 	Date	 	Liability Balance	 	 	 
	IC577618H
	 	NW0180MTK6	 	HNK	 	IMLC	 	MARONDA INTERNATIONAL LTD.	 	TW	 	04/12/2005	 	06/30/2005	 	 	27,768.00	 	 	USD
	IC577619H
	 	NW0181PDNWR48	 	HNK	 	IMLC	 	YEN SHENG FACTORY LTD.	 	HK	 	04/12/2005	 	06/07/2005	 	 	6,532.50	 	 	USD
	IC577620H
	 	NW0182PDNWR49	 	HNK	 	IMLC	 	YEN SHENG FACTORY LTD.	 	HK	 	04/12/2005	 	06/07/2005	 	 	12,341.40	 	 	USD
	IC577621H
	 	NW0183MULT8484	 	HNK	 	IMLC	 	CALZATURIFICIO SIMON’S SHOE SRL	 	IT	 	04/12/2005	 	06/02/2005	 	 	56,418.60	 	 	USD
	IC577977H
	 	NW0184PDNW050	 	HNK	 	IMLC	 	YEN SHENG FACTORY LTD.	 	HK	 	04/19/2005	 	06/14/2005	 	 	54,721.50	 	 	USD
	IC577978H
	 	NW0185PDNWR51	 	HNK	 	IMLC	 	YEN SHENG FACTORY LTD.	 	HK	 	04/19/2005	 	06/14/2005	 	 	16,440.00	 	 	USD
	IC577980H
	 	NW0186PDNW052	 	HNK	 	IMLC	 	YEN SHENG FACTORY LTD.	 	HK	 	04/19/2005	 	06/21/2005	 	 	16,482.00	 	 	USD
	IC577981H
	 	NW0187PDNWR53	 	HNK	 	IMLC	 	YEN SHENG FACTORY LTD.	 	HK	 	04/19/2005	 	06/28/2005	 	 	56,103.00	 	 	USD
	IC577982H
	 	NW0188CJD9	 	HNK	 	IMLC	 	CALZADOS CASTELLER, SL	 	ES	 	04/19/2005	 	05/18/2005	 	 	15,366.56	 	 	USD
	IC577983H
	 	NW0189CJD10	 	HNK	 	IMLC	 	CALZADOS CASTELLER, SL	 	ES	 	04/19/2005	 	05/11/2005	 	 	9,604.10	 	 	USD
	IC577984H
	 	NW0190CJD11	 	HNK	 	IMLC	 	CALZADOS CASTELLER, SL	 	ES	 	04/19/2005	 	06/08/2005	 	 	48,020.51	 	 	USD
	IC577985H
	 	NW0191CJD12	 	HNK	 	IMLC	 	CALZADOS CASTELLER, SL	 	ES	 	04/19/2005	 	06/08/2005	 	 	32,269.78	 	 	USD
	IC578271H
	 	NW0192DP87	 	HNK	 	IMLC	 	BEST MATCH GLOBAL LTD	 	VG	 	04/26/2005	 	06/05/2005	 	 	20,606.40	 	 	USD
	IC578272H
	 	NW0193DP88	 	HNK	 	IMLC	 	GOLDEN GLORY INTERNATIONAL GROUP	 	TW	 	04/25/2005	 	06/05/2005	 	 	31,428.00	 	 	USD
	IC578274H
	 	NW0195SNLK30	 	HNK	 	IMLC	 	SUREFIELD LIMITED	 	HK	 	04/25/2005	 	06/24/2005	 	 	130,854.00	 	 	USD
	IC578275H
	 	NW0196LM033	 	HNK	 	IMLC	 	SUREFIELD LIMITED	 	HK	 	04/25/2005	 	07/01/2005	 	 	13,170.60	 	 	USD
	IC578277H
	 	NW0197LM034	 	HNK	 	IMLC	 	SUREFIELD LIMITED	 	HK	 	04/25/2005	 	06/10/2005	 	 	11,923.20	 	 	USD
	IC578278H
	 	NW0198LM035	 	HNK	 	IMLC	 	SUREFIELD LIMITED	 	HK	 	04/25/2005	 	06/24/2005	 	 	24,217.20	 	 	USD
	IC578391H
	 	NW0199DP84	 	HNK	 	IMLC	 	DIVINA SRL	 	IT	 	04/26/2005	 	07/14/2005	 	 	140,280.00	 	 	USD
	IC578392H
	 	NW0200LM028	 	HNK	 	IMLC	 	SOUTH SERVICE TRADING S/A	 	BR	 	04/26/2005	 	07/11/2005	 	 	11,938.20	 	 	USD
	IC578393H
	 	NW0201SNLK31	 	HNK	 	IMLC	 	SUREFIELD LIMITED	 	HK	 	04/26/2005	 	07/01/2005	 	 	141,384.00	 	 	USD
	IC578394H
	 	NW0202MTK7	 	HNK	 	IMLC	 	SUREFIELD LIMITED	 	HK	 	04/26/2005	 	06/24/2005	 	 	69,468.00	 	 	USD
	IC578395H
	 	NW0203MTK8	 	HNK	 	IMLC	 	SUREFIELD LIMITED	 	HK	 	04/26/2005	 	06/24/2005	 	 	71,962.80	 	 	USD
	IC578396H
	 	NW0204CW901	 	HNK	 	IMLC	 	OVERLAND TRADING S/A	 	BR	 	04/26/2005	 	06/30/2005	 	 	40,312.50	 	 	USD
	IC578397H
	 	NW0206CW903	 	HNK	 	IMLC	 	TRITONE SHOE CORP. C/O TRITONE SHOE	 	TW	 	04/26/2005	 	06/21/2005	 	 	16,875.00	 	 	USD
	IC578398H
	 	NW0207CW904	 	HNK	 	IMLC	 	GET EVER INTERNATIONAL LTD.	 	TW	 	04/26/2005	 	06/15/2005	 	 	36,713.25	 	 	USD
	IC578399H
	 	NW0208CW905	 	HNK	 	IMLC	 	FU CHIN INTERNATINAL LTD.	 	HK	 	04/26/2005	 	06/15/2005	 	 	11,206.50	 	 	USD
	IC578400H
	 	NW0209CW906	 	HNK	 	IMLC	 	SINOWEST TRADING, LTD.	 	HK	 	04/26/2005	 	05/28/2005	 	 	58,270.50	 	 	USD
	IC578645H
	 	NW0210KG011	 	HNK	 	IMLC	 	SUREFIELD LIMITED	 	HK	 	04/29/2005	 	06/16/2005	 	 	232,546.50	 	 	USD
	IC578646H
	 	NW0211KG012	 	HNK	 	IMLC	 	SUREFIELD LIMITED	 	HK	 	04/29/2005	 	06/10/2005	 	 	58,184.00	 	 	USD

OSTSMY.RDF

 

 

	 	 	 	 	 

	 

	 	Wachovia Bank, N.A.
	 	Page: 3
	 

	 	Outstanding Summary Report
	 	Date: 05/11/2005
	

	 	For Applicant: JONES APPAREL GROUP USA INC.	 	 

Applicant Name: NINE WEST GROUP INC.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	L/C Bank	 	 	 	 	 	 	 	 	 	 	 	Opening	 	Expiry	 	L/C Equiv	 	 	 
	Reference	 	L/C Cust Reference	 	Site	 	Trans	 	Beneficiary	 	Ctry	 	Date	 	Date	 	Liability Balance	 	 	 
	IC578648H
	 	NW0213KG013	 	HNK	 	IMLC	 	SUREFIELD LMITED	 	HK	 	04/29/2005	 	06/24/2005	 	 	104,580.00	 	 	USD
	IC578651H
	 	NW0215DP92	 	HNK	 	IMLC	 	LENCI CALZATURE SPA	 	IT	 	04/29/2005	 	07/08/2005	 	 	21,262.50	 	 	USD
	IC579103H
	 	NW0219MTK9	 	HNK	 	IMLC	 	OVERLAND TRADING S/A	 	BR	 	05/10/2005	 	06/15/2005	 	 	15,311.40	 	 	USD
	IC579104H
	 	NW0220MTK10	 	HNK	 	IMLC	 	OVERLAND TRADING S/A	 	BR	 	05/10/2005	 	06/15/2005	 	 	16,644.00	 	 	USD
	IC579106H
	 	NW0221MTK11	 	HNK	 	IMLC	 	OVERLAND TRADING S/A	 	BR	 	05/10/2005	 	06/21/2005	 	 	22,822.80	 	 	USD
	IC579107H
	 	NW0222MTK12	 	HNK	 	IMLC	 	OVERLAND TRADING S/A	 	BR	 	05/10/2005	 	06/27/2005	 	 	37,620.00	 	 	USD
	IC579110H
	 	NW0223PDNWR54	 	HNK	 	IMLC	 	YEN SHENG FACTORY LTD.	 	HK	 	05/10/2005	 	06/28/2005	 	 	19,125.00	 	 	USD
	IC579112H
	 	NW0224PDNWR55	 	HNK	 	IMLC	 	YEN SHENG FACTORY LTD.	 	HK	 	05/10/2005	 	07/05/2005	 	 	79,236.00	 	 	USD
	IC579114H
	 	NW0225PDBANDO56	 	HNK	 	IMLC	 	YEN SHENG FACTORY LTD.	 	HK	 	05/10/2005	 	07/12/2005	 	 	3,180.00	 	 	USD
	IC579115H
	 	NW0226PDNWR57	 	HNK	 	IMLC	 	YEN SHENG FACTORY LTD.	 	HK	 	05/10/2005	 	07/12/2005	 	 	20,025.00	 	 	USD
	IC579116H
	 	NW0227PDBANDO58	 	HNK	 	IMLC	 	YEN SHENG FACTORY LTD.	 	HK	 	05/10/2005	 	07/14/2005	 	 	2,764.80	 	 	USD
	IC579117H
	 	NW0228PDNWO59	 	HNK	 	IMLC	 	YEN SHENG FACTORY LTD.	 	HK	 	05/10/2005	 	07/19/2005	 	 	33,448.80	 	 	USD
	IC579118H
	 	NW0229PDNWR60	 	HNK	 	IMLC	 	YEN SHENG FACTORY LTD.	 	HK	 	05/10/2005	 	07/19/2005	 	 	49,413.00	 	 	USD
	IC579120H
	 	NW0230DP90	 	HNK	 	IMLC	 	GET EVER INTERNATIONAL LTD.	 	TW	 	05/10/2005	 	07/31/2005	 	 	30,637.50	 	 	USD
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	Appl Name Total:	 	 	3,102,600.42	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	Total:	 	 	 	3,309,190.34	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	BA/ACCPT Summary:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	Total:	 	 	 	 	 

*** END OF OUTSTANDING SUMMARY REPORT

OSTSMY.RDF

 

 

	 	 	 	 	 

	 

	 	Wachovia Bank, N.A.
	 	Page: 1
	 

	 	Outstanding Summary Report
	 	 
	

	 	For Applicant: BARNEY’S INC	 	Date: 05/11/2005 

Applicant Name: BARNEY’S INC

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	L/C Bank	 	 	 	 	 	 	 	 	 	 	 	Opening	 	Expiry	 	L/C Equiv	 	 	 
	Reference	 	L/C Cust Reference	 	Site	 	Trans	 	Beneficiary	 	Ctry	 	Date	 	Date	 	Liability Balance	 	 	 
	IC569885H
	 	SOZZISS05-1	 	HNK	 	IMLC	 	SOZZI CALZE S.P.A.	 	IT	 	01/04/2005	 	05/21/2005	 	 	988.63	 	 	USD
	IC569987H
	 	ISAIASS05-2	 	HNK	 	IMLC	 	ISAIA AND ISAIA S.P.A.	 	IT	 	01/05/2005	 	05/16/2005	 	 	4,344.03	 	 	USD
	IC570065H
	 	CAMCAMSS05-2	 	HNK	 	IMLC	 	CAMICERIA C.A.M. S.R.L.	 	IT	 	01/11/2005	 	06/20/2005	 	 	237.50	 	 	USD
	IC570349H
	 	GRIFFITTSS05-1	 	HNK	 	IMLC	 	GRIFFITT SPA	 	IT	 	01/12/2005	 	05/21/2005	 	 	509.53	 	 	USD
	IC570690H
	 	ISAIASS05-3	 	HNK	 	IMLC	 	ISAIA AND ISAIA S.P.A.	 	IT	 	01/17/2005	 	06/06/2005	 	 	4,078.98	 	 	USD
	IC570902H
	 	MARNISS05-3	 	HNK	 	IMLC	 	MARNI INTERNATIONAL S.A.	 	CH	 	01/21/2005	 	05/21/2005	 	 	530.88	 	 	USD
	IC570927H
	 	COSESS05-1	 	HNK	 	IMLC	 	COSE DI LANA SPA	 	IT	 	01/21/2005	 	05/21/2005	 	 	902.40	 	 	USD
	IC572160H
	 	FABRYSDDPLSS05-1	 	HNK	 	IMLC	 	FABRY’S S.R.L.	 	IT	 	01/26/2005	 	06/21/2005	 	 	60,066.90	 	 	USD
	IC572457H
	 	ALTEAAIRSS05-4	 	HNK	 	IMLC	 	ALTEA S.R.L.	 	IT	 	02/03/2005	 	06/06/2005	 	 	19,215.13	 	 	USD
	IC572580H
	 	BORGODDPLSS05-4	 	HNK	 	IMLC	 	BORGO 21 S.A.	 	CH	 	02/04/2005	 	05/06/2005	 	 	741.00	 	 	USD
	IC572951H
	 	GRAFFITISS05-1	 	HNK	 	IMLC	 	GRAFFITI S.R.L.	 	IT	 	02/14/2005	 	05/16/2005	 	 	8,979.59	 	 	USD
	IC573584H
	 	JLANVINSS05-2	 	HNK	 	IMLC	 	JEANNE LANVIN SA	 	FR	 	02/28/2005	 	06/05/2005	 	 	172,035.25	 	 	USD
	IC573786H
	 	MANOLDDPLSS05-2	 	HNK	 	IMLC	 	MANOLO BLAHNIK	 	US	 	03/04/2005	 	05/21/2005	 	 	103,284.00	 	 	USD
	IC574253H
	 	CHRLOUSS05-3	 	HNK	 	IMLC	 	CHRISTIAN LOUBOUTIN	 	FR	 	03/14/2005	 	05/21/2005	 	 	50,254.31	 	 	USD
	IC574257H
	 	CHRLOSPAINSS05-4	 	HNK	 	IMLC	 	CHRISTIAN LOUBOUTIN	 	FR	 	03/14/2005	 	05/21/2005	 	 	236,884.29	 	 	USD
	IC577192H
	 	ALTEAOCNSS05-6	 	HNK	 	IMLC	 	ALTEA S.R.L.	 	IT	 	04/04/2005	 	07/06/2005	 	 	114,080.76	 	 	USD
	IC577194H
	 	KITONDDPLSS05-1	 	HNK	 	IMLC	 	KITON CORPORATION	 	US	 	04/04/2005	 	07/25/2005	 	 	31,866.44	 	 	USD
	IC577197H
	 	ALTEAAIRSS05-7	 	HNK	 	IMLC	 	ALTEA S.R.L.	 	IT	 	04/04/2005	 	08/08/2005	 	 	90,972.02	 	 	USD
	IC577587H
	 	MANOLDDPLSS05-3	 	HNK	 	IMLC	 	MANOLO BLAHNIK	 	US	 	04/11/2005	 	07/06/2005	 	 	571,905.00	 	 	USD
	IC577723H
	 	ACTDPNYAPTSS05-1	 	HNK	 	IMLC	 	AC AND T S.R.L.	 	IT	 	04/13/2005	 	05/20/2005	 	 	58,175.92	 	 	USD
	IC578650H
	 	CHRLOUSS05-4	 	HNK	 	IMLC	 	CHRISTIAN LOUBOUTIN	 	FR	 	04/29/2005	 	07/06/2005	 	 	177,522.83	 	 	USD
	IC578721H
	 	MANOLDDPSS05-4	 	HNK	 	IMLC	 	MANOLO BLAHNIK	 	US	 	05/03/2005	 	08/05/2005	 	 	680,661.00	 	 	USD
	IC578878H
	 	MARNISS05-6	 	HNK	 	IMLC	 	MARNI INTERNATIONAL S.A.	 	CH	 	05/04/2005	 	06/21/2005	 	 	93,036.48	 	 	USD
	IC579045H
	 	INTAISS05-2	 	HNK	 	IMLC	 	INTAI S.P.A.	 	IT	 	05/09/2005	 	06/21/2005	 	 	38,162.00	 	 	USD
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	Appl Name Total:	 	 	2,519,434.87	 	 	 

OSTSMY.RDF

 

 

	 	 	 	 	 

	 

	 	Wachovia Bank, N.A.
	 	Page:               2
	 

	 	Outstanding Summary Report
	 	Date: 05/11/2005 
	

	 	For Applicant: BARNEY’S INC	 	 

Applicant Name: BARNEYS, INC

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	L/C Bank	 	 	 	 	 	 	 	 	 	 	 	Opening	 	Expiry	 	L/C Equiv	 	 	 
	Reference	 	L/C Cust Reference	 	Site	 	Trans	 	Beneficiary	 	Ctry	 	Date	 	Date	 	Liability Balance	 	 	 
	SM211395
	 	SM211395	 	USA	 	SBLC	 	GENERAL ELECTRIC CAPITAL CORP.	 	US	 	12/17/2004	 	12/15/2005	 	 	26,703,356.77	 	 	USD
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	Appl Name Total:	 	 	26,703,356.77	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	Total:	 	 	29,222,791.64	 	 	 
	 
	BA/ACCPT Summary:
	 
	Applicant Name: BARNEY’S INC
	Bank	 	L/C Cust	 	 	 	 	 	 	 	 	 	Opening	 	Maturity	 	 	 	 	 
	Reference	 	Reference	 	Site	 	Trans	 	Beneficiary	 	Ctry	 	Date	 	Date	 	 	Balance	 
	IC569885H
	 	SOZZISS05-1	 	HNK	 	ACCP’	 	SOZZI CALZE S.P.A.	 	IT	 	01/04/2005	 	05/20/2005	 	 	9,828.59	 	 	USD
	IC569987H
	 	ISAIASS05-2	 	HNK	 	ACCP’	 	ISAIA AND ISAIA S.P.A.	 	IT	 	01/05/2005	 	05/18/2005	 	 	8,539.26	 	 	USD
	IC570065H
	 	CAMCAMSS05-2	 	HNK	 	ACCP’	 	CAMICERIA C.A.M. S.R.L.	 	IT	 	01/11/2005	 	05/17/2005	 	 	18,505.28	 	 	USD
	IC570690H
	 	ISAIASS05-3	 	HNK	 	ACCP’	 	ISAIA AND ISAIA S.P.A.	 	IT	 	01/17/2005	 	06/03/2005	 	 	2,799.30	 	 	USD
	IC572457H
	 	ALTEAAIRSS05-4	 	HNK	 	ACCP’	 	ALTEA S.R.L.	 	IT	 	02/03/2005	 	05/17/2005	 	 	14,574.48	 	 	USD
	IC572951H
	 	GRAFFITISS05-l	 	HNK	 	ACCP’	 	GRAFFITI S.R.L.	 	IT	 	02/14/2005	 	05/25/2005	 	 	62,829.78	 	 	USD
	IC573786H
	 	MANOLDDPLSS05-2	 	HNK	 	ACCP’	 	MANOLO BLAHNIK	 	US	 	03/04/2005	 	06/13/2005	 	 	166,079.25	 	 	USD
	IC574253H
	 	CHRLOUSS05-3	 	HNK	 	ACCP’	 	CHRISTIAN LOUBOUTIN	 	FR	 	03/14/2005	 	05/31/2005	 	 	20,977.72	 	 	USD
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	Appl Name Total:	 	 	304,133.66	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Total:		 	304,133.66	 

*** END OF OUTSTANDING SUMMARY REPORT

OSTSMY.RDF

 

 

	 	 	 	 	 

	 

	 	Wachovia Bank, N.A.
	 	Page:               1
	 

	 	Outstanding Summary Report
	 	 Date: 05/11/2005 
	

	 	For Applicant: BARNEYS GE	 	 

Applicant Name: BARNEY’S INC

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	L/C Bank	 	 	 	 	 	 	 	 	 	 	 	Opening	 	Expiry	 	L/C Equiv	 	 	 
	Reference	 	L/C Cust Reference	 	Site	 	Trans	 	Beneficiary	 	Ctry	 	Date	 	Date	 	Liability Balance	 	 	 
	IC302234G
	 	KITONDDPSS05-1	 	GET	 	IMLC	 	KITON CORPORATION	 	US	 	09/28/2004	 	04/30/2005	 	 	8,493.32	 	 	USD
	IC302651G
	 	ALTEAAIRSS05-1	 	GET	 	IMLC	 	ALTEA S.R.L.	 	IT	 	11/19/2004	 	05/06/2005	 	 	8,325.64	 	 	USD
	IC302713G
	 	CASTINGSS05-1	 	GET	 	IMLC	 	CASTING S.A.S. DI SERVI U. AND C.	 	IT	 	12/01/2004	 	05/21/2005	 	 	1,677.04	 	 	USD
	IC302722G
	 	DALESSANDSS05-1	 	GET	 	IMLC	 	DALESSANDRO SRL	 	IT	 	12/02/2004	 	06/06/2005	 	 	16,156.07	 	 	USD
	IC302724G
	 	ESSEDIVASS05-1	 	GET	 	IMLC	 	ESSE S.R.L.	 	IT	 	12/02/2004	 	06/06/2005	 	 	18,758.70	 	 	USD
	IC302736G
	 	DALESSANDSS05-2	 	GET	 	IMLC	 	DALESSANDRO SRL	 	IT	 	12/03/2004	 	06/20/2005	 	 	126,948.39	 	 	USD
	IC302784G
	 	FBPSPASS05-1	 	GET	 	IMLC	 	FBP S.P.A.	 	IT	 	12/10/2004	 	06/21/2005	 	 	20,681.95	 	 	USD
	IC302786G
	 	PIAZZADDPLSS05-1	 	GET	 	IMLC	 	PIAZZA SEMPIONE S.R.L.	 	IT	 	12/10/2004	 	05/06/2005	 	 	508.25	 	 	USD
	IC302814G
	 	OPIFICIUMSS05-1	 	GET	 	IMLC	 	OPIFICIUM SRL	 	IT	 	12/15/2004	 	06/21/2005	 	 	4,074.92	 	 	USD
	IC302837G
	 	BVBA32WMSSS05-2	 	GET	 	IMLC	 	B.V.B.A 32-ANN DEMEULEMEESTER	 	BE	 	12/17/2004	 	05/06/2005	 	 	20,184.07	 	 	USD
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	Appl Name Total:	 	 	225,808.35	 	 	 

Applicant Name: BARNEYS INC

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	L/C Bank	 	 	 	 	 	 	 	 	 	 	 	Opening	 	Expiry	 	L/C Equiv	 	 	 
	Reference	 	L/C Cust Reference	 	Site	 	Trans	 	Beneficiary	 	Ctry	 	Date	 	Date	 	Liability Balance	 	 	 
	SE442870
	 	SE442870	 	USA	 	SBLC	 	REED ELSEVIER, INC.	 	US	 	10/25/2002	 	06/30/2005	 	 	155,000.00	 	 	USD
	SE443097
	 	SE443097	 	USA	 	SBLC	 	575 FIFTH AVENUE ASSOCIATES	 	US	 	02/04/2003	 	02/04/2006	 	 	245,000.00	 	 	USD
	SE443282
	 	SE443282	 	USA	 	SBLC	 	TOMMY HILFIGER RETAIL, LLC	 	US	 	04/15/2003	 	04/15/2006	 	 	220,000.00	 	 	USD
	SE443998
	 	SE443998	 	USA	 	SBLC	 	235, RENAISSANCE BROADWAY, NV	 	US	 	01/22/2004	 	01/16/2006	 	 	302,950.00	 	 	USD
	SM201747
	 	IPSM20174700	 	USA	 	SBLC	 	FLAGSHIP PARTNERS, LLC	 	US	 	01/23/2003	 	01/22/2006	 	 	571,428.00	 	 	USD
	SM201748
	 	IPSM20174800	 	USA	 	SBLC	 	JIM LYNDHURST, LLC	 	US	 	01/23/2003	 	11/30/2005	 	 	93,333.34	 	 	USD
	SM201749
	 	IPSM20174900	 	USA	 	SBLC	 	FLAGSHIP PARTNERS, LLC	 	US	 	01/23/2003	 	01/22/2006	 	 	1,713,429.00	 	 	USD
	SM201755
	 	IPSM20175500	 	USA	 	SBLC	 	FLAGSHIP PARTNERS, LLC	 	US	 	01/23/2003	 	01/22/2006	 	 	6,282,286.00	 	 	USD
	SM422265
	 	IPSM42226500	 	USA	 	SBLC	 	WASHINGTON INTERNATIONAL INSURANC	 	US	 	08/15/2002	 	02/07/2006	 	 	700,000.00	 	 	USD
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	Appl Name Total:	 	 	10,283,426.34	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	Total:	 	 	10,509,234.69	 	 	 

BA/ACCPT Summary:

OSTSMY.RDF

 

 

	 	 	 	 	 
		 	 	 	 
	 

	 	Wachovia Bank, N.A.
	 	Page: 2
	 

	 	Outstanding Summary Report
	 	 Date: 05/11/2005 
	

	 	For Applicant: BARNEYS GE	 	 

BA/ACCPT Summary:

Applicant Name: BARNEY’S INC

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Bank	 	L/C Cust	 	 	 	 	 	 	 	 	 	Opening	 	Maturity	 	 	 	 	 
	Reference	 	Reference	 	Site	 	Trans	 	Beneficiary	 	Ctry	 	Date	 	Date	 	Balance	 
	IC302651G
	 	ALTEAAIRSS05-1	 	GET	 	ACCP’	 	ALTEA S.R.L.	 	IT	 	11/19/2004	 	05/16/2005	 	 	6,218.23	 	 	USD
	IC302713G
	 	CASTINGSS05-1	 	GET	 	ACCP’	 	CASTING S.A.S. DI SERVI U. AND C.	 	IT	 	12/01/2004	 	05/25/2005	 	 	5,516.20	 	 	USD
	IC302722G
	 	DALESSANDSS05-1	 	GET	 	ACCP'	 	DALESSANDRO SRL	 	IT	 	12/02/2004	 	06/08/2005	 	 	9,930.01	 	 	USD
	IC302736G
	 	DALESSANDSS05-2	 	GET	 	ACCP'	 	DALESSANDRO SRL	 	IT	 	12/03/2004	 	05/18/2005	 	 	12,069.83	 	 	USD
	IC302784G
	 	FBPSPASS05-1	 	GET	 	ACCP'	 	FBP S.P.A.	 	IT	 	12/10/2004	 	05/20/2005	 	 	11,423.07	 	 	USD
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	Appl Name Total:	 	 	45,157.34	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	Total:	 	 	 	45,157.34	 	 	 

*** END OF OUTSTANDING SUMMARY REPORT

 

 

			
	Trade into Exchange
	 	Page 1 of 1

L/C Import

			
	 	 	 
	Outstanding Summary
	 	Selected Accounts B000010626

Thu May 12 08:58:05 EDT 2005

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Results: (1 - 10) of 10

Go To Page: 1 | Totals

Date range selected : as of 05/12/2005

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Global Customer	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	ID	 	DDA Account	 	Applicant Name	 	Location	 	Liability Type	 	Item (s)	 	Base Outstanding	 	Base CCY	 	Outstanding	 	Outstanding CCY
	B000005723

	 	 	000000020918917	 	 	JONES
APPAREL GROUP
CANADA, INC.
	 	JPMorgan Chase Bank, N.A.- New York
	 	Irrevoc L/C Import Sight
	 	 	56	 	 	 	1,857,730.71	 	 	USD
	 	 	1,857,730.71	 	 	USD
	 

	 	 	 	 	 	 	 	 	 	(Liability Total)
	 	 	56	 	 	 	1,857,730.71	 	 	USD
	 	 	1,857,730.71	 	 	USD
	 

	 	 	 	 	 	 	 	 	 	(Grand Total)
	 	 	56	 	 	 	1,857,730.71	 	 	USD
	 	 	1,857,730.71	 	 	USD
	B000010626

	 	 	000000444407878	 	 	JONES
APPAREL GROUP
CANADA INC.
	 	JPMorgan Chase Bank, N.A.- New York
	 	Global LC S/S Memo
	 	 	2	 	 	 	300,377.00	 	 	USD
	 	 	300,377.00	 	 	USD
	 

	 	 	 	 	 	 	 	 	 	(Non-Liablility Total)
	 	 	2	 	 	 	300,377.00	 	 	USD
	 	 	300,377.00	 	 	USD
	 

	 	 	 	 	 	 	 	 	 	Acceptance
	 	 	8	 	 	 	1,142,442.18	 	 	USD
	 	 	1,142,442.18	 	 	USD
	 

	 	 	 	 	 	 	 	 	 	Irrevoc L/C Import Sight
	 	 	124	 	 	 	18,031,398.82	 	 	USD
	 	 	18,031,398.82	 	 	USD
	 

	 	 	 	 	 	 	 	 	 	Irrevoc L/C Import Time
	 	 	1	 	 	 	6,304.20	 	 	USD
	 	 	6,304.20	 	 	USD
	 

	 	 	 	 	 	 	 	 	 	(Liability Total)
	 	 	133	 	 	 	19,180,145.20	 	 	USD
	 	 	19,180,145.20	 	 	USD
	 

	 	 	 	 	 	 	 	 	 	(Grand Total)
	 	 	135	 	 	 	19,480,522.20	 	 	USD
	 	 	19,480,522.20	 	 	USD

Copyright © 2005, JPMorgan Chase & Co. All rights reserved.

 

 

			
	Trade into Exchange
	 	Page 1 of 1

L/C Import

			
	 	 	 
	Outstanding Summary
	 	Selected Accounts B0000057

Thu May 12 09:00:18 EDT 2005

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Results:
(1 - 8) of 8

Go To Page: 1 | Totals

Date range selected : as of 05/12/2005

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Global Customer	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	ID	 	DDA Account	 	Applicant Name	 	Location	 	Liability Type	 	Item (s)	 	Base Outstanding	 	Base CCY	 	Outstanding	 	Outstanding CCY
	B000005738

	 	 	000000444382461	 	 	JONES

APPAREL OF

TEXAS, LTD
	 	JPMorgan Chase Bank, N.A.- New York
	 	Airway Release L/C
	 	 	5	 	 	 	78,915.57	 	 	USD
	 	 	78,915.57	 	 	USD
	 

	 	 	 	 	 	 	 	 	 	Global LC S/S Memo
	 	 	2	 	 	 	112,827.97	 	 	USD
	 	 	112,827.97	 	 	USD
	 

	 	 	 	 	 	 	 	 	 	(Non-Liablility Total)
	 	 	7	 	 	 	191,743.54	 	 	USD
	 	 	191,743.54	 	 	USD
	 

	 	 	 	 	 	 	 	 	 	Irrevoc L/C Import Sight
	 	 	144	 	 	 	83,344,602.59	 	 	USD
	 	 	83,344,602.59	 	 	USD
	 

	 	 	 	 	 	 	 	 	 	Irrevoc L/C Standby Sight
	 	 	2	 	 	 	467,500.00	 	 	USD
	 	 	467,500.00	 	 	USD
	 

	 	 	 	 	 	 	 	 	 	Steamship L/C
	 	 	3	 	 	 	56,192.83	 	 	USD
	 	 	56,192.83	 	 	USD
	 

	 	 	 	 	 	 	 	 	 	(Liability Total)
	 	 	149	 	 	 	83,868,295.42	 	 	USD
	 	 	83,868,295.42	 	 	USD
	 

	 	 	 	 	 	 	 	 	 	(Grand Total)
	 	 	156	 	 	 	84,060,038.96	 	 	USD
	 	 	84,060,038.96	 	 	USD

Copyright © 2005, JPMorgan Chase & Co. All rights reserved.

 

 

     

	 	 	 	 	 

	
	 	Outstanding Report —
Import LC
	 	Report as of 11-May-05

Page 1 of 10

	 	 	 	 	 	 	 	 	 
	Customer	 	Total Items	 	 	Total Amount (USD Eqv)	 
	NORTON MCNAUGHTON OF SQUIRE INC
	 	 	406	 	 	 	86,721,613.12	 
	 
	 	 	 	 	 	 
	 
	 	 	406	 	 	 	86,721,613.12	 

NORTON
MCNAUGHTON OF SQUIRE INC

Total Items: 406

Total Outstanding Amount (USD Equivalent): 86,721,613.12

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Outstanding	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Lc Ref No	 	CAR Ref	 	Customer Ref	 	Curr	 	Balance	 	 	USD Eqv	 	 	Issue Date	 	Expiry Date	 	Tenor	 	Beneficiary	 	Ben Country
	IM414718/04
	 	TD605500045203-4	 	DOJI0681ME718	 	USD	 	 	19,566.84	 	 	 	19,566.84	 	 	15-Jul-04	 	15-Oct-04	 	0	 	MSN APPAREL	 	PAKISTAN
	IM423101/04
	 	TD605500050672-4	 	DOJI11542319JJ	 	USD	 	 	173,713.64	 	 	 	173,713.64	 	 	19-Oct-04	 	04-May-05	 	0	 	FORTUNELY INTERNATIONAL LTD.	 	HONG KONG
	IM424477/04
	 	TD605500050795-4	 	DOJI12792345LN	 	USD	 	 	241,014.75	 	 	 	241,014.75	 	 	29-Oct-04	 	30-May-05	 	0	 	SAYTAZ INTERNATIONAL	 	BANGLADESH
	IM424963/04
	 	TD605500050827-4	 	DOJI1311GV	 	USD	 	 	42,872.92	 	 	 	42,872.92	 	 	04-Nov-04	 	13-Jan-05	 	0	 	GULF BARAKA APPAREL W.L.L.	 	BAHRAIN
	IM425581/04
	 	TD605500050840-4	 	DOJI1324ME822	 	USD	 	 	12,421.35	 	 	 	12,421.35	 	 	11-Nov-04	 	22-Mar-05	 	0	 	ULUDAG TEKSTIL KONFEKSIYON GIYIM	 	TURKEY
	IM426754/04
	 	TD605500050905-4	 	DOJI1389GV	 	USD	 	 	56,583.01	 	 	 	56,583.01	 	 	23-Nov-04	 	22-Mar-05	 	0	 	DEFIANCE TRADING LLC.	 	UNITED
 ARAB EMIRATES
	IM426759/04
	 	TD605500050910-4	 	DOJI13942379JJ	 	USD	 	 	24,220.28	 	 	 	24,220.28	 	 	23-Nov-04	 	17-May-05	 	0	 	MING TAI KNITTING GARMENT FTY LTD.	 	HONG KONG
	IM427340/04
	 	TD605500050929-4	 	DOJI14122383LN	 	USD	 	 	220,903.34	 	 	 	220,903.34	 	 	30-Nov-04	 	04-Jun-05	 	0	 	FULCRUM EXIM PVT LTD.	 	INDIA
	IM428220/04
	 	TD605500050990-4	 	DOJI1472NC	 	USD	 	 	135,469.67	 	 	 	135,469.67	 	 	09-Dec-04	 	07-May- 05	 	0	 	PEARL BUYING SERVICES (PVT) LTD.	 	BANGLADESH
	IM428875/04
	 	TD605500055023-4	 	DOJI15072403JJ	 	USD	 	 	25,755.20	 	 	 	25,755.20	 	 	17-Dec-04	 	09-May-05	 	0	 	FORTUNELY INTERNATIONAL LTD.	 	HONG KONG
	IM428884/04
	 	TD605500055032-4	 	DOJI1516BA	 	USD	 	 	202,065.56	 	 	 	202,065.56	 	 	17-Dec-04	 	07-May-05	 	0	 	PEARL BUYING SERVICES (PVT) LTD.	 	BANGLADESH
	IM428894/04
	 	TD605500055038-4	 	DOJI1522JW	 	USD	 	 	707,640.96	 	 	 	707,640.96	 	 	17-Dec-04	 	07-May-05	 	0	 	PEARL BUYING SERVICES (PVT) LTD.	 	BANGLADESH
	IM428911/04
	 	TD605500055054-4	 	DOJI1538ME837	 	USD	 	 	86,432.00	 	 	 	86,432.00	 	 	17-Dec-04	 	20-Mar-05	 	0	 	TRAKYA TEKSTIL VE GIYIM	 	TURKEY
	IM429392/04
	 	TD605500055074-4	 	DOJI1560NC	 	USD	 	 	217,427.64	 	 	 	217,427.64	 	 	23-Dec-04	 	07-May-05	 	0	 	PEARL BUYING SERVICES (PVT) LTD.	 	BANGLADESH
	IM429394/04
	 	TD605500055076-4	 	DOJI15622433JJ	 	USD	 	 	6,041.40	 	 	 	6,041.40	 	 	23-Dec-04	 	15-May-05	 	0	 	EROS CAMASIRLARI A.S.	 	TURKEY
	IM429395/04
	 	TD605500055077-4	 	DOJI15632419JJ	 	USD	 	 	24,719.72	 	 	 	24,719.72	 	 	23-Dec-04	 	10-May-05	 	0	 	SAN WAI GARMENT FACTORY	 	MACAO
	IM429399/04
	 	TD605500055081-4	 	DOJI15672404JJ	 	USD	 	 	505,866.34	 	 	 	505,866.34	 	 	23-Dec 04	 	15-May-05	 	0	 	FORTUNELY INTERNATIONAL LTD.	 	HONG KONG
	IM429400/04
	 	TD605500055082-4	 	DOJI15682409JJ	 	USD	 	 	282,044.22	 	 	 	282,044.22	 	 	23-Doc 04	 	09-May-05	 	0	 	FORTUNELY INTERNATIONAL LTD.	 	HONG KONG
	IM429401/04
	 	TD605500055083-4	 	DOJI15692420JJ	 	USD	 	 	263,527.62	 	 	 	263,527.62	 	 	23-Dec-04	 	24-May-05	 	0	 	GOLDTREND ENTERPRISES LTD.	 	HONG KONC
	IM429406/04
	 	TD605500055088-4	 	DOJI1574ME845	 	USD	 	 	41,037.36	 	 	 	41,037.36	 	 	23-Dec-04	 	21-Mar-05	 	0	 	UNITEX FASHIONS (INDIA) PVT. LTD.	 	INDIA
	IM429408/04
	 	TD605500055090-4	 	DOJI1576ME847	 	USD	 	 	107,446.20	 	 	 	107,446.20	 	 	23-Dec-04	 	21-Mar-05	 	0	 	HAIYAN WELCOME TEXTILE INDUSTRY	 	CHINA
	IM429931/04
	 	TD605500055137-4	 	DOJI16242437JJ	 	USD	 	 	26,368.00	 	 	 	26,368.00	 	 	30-Dec-04	 	25-Mar-05	 	0	 	CHOI’S FAR EAST COMPANY	 	HONG KONG
	IM429938/04
	 	TD605500055142-4	 	DOJI1629NM	 	USD	 	 	39,447.60	 	 	 	39,447.60	 	 	30-Dec-04	 	12-Mar-05	 	0	 	ALLIANCE MERCHANDISING P. LTD.	 	INDIA
	IM430282/05
	 	TD605500055149-5	 	DOJI0004BA	 	USD	 	 	48,280.00	 	 	 	48,280.00	 	 	05-Jan-05	 	12-Apr-05	 	0	 	ALLIANCE MERCHANDISING P. LTD.	 	INDIA
	IM430550/05
	 	TD605500055171-5	 	DOJI0027BA	 	USD	 	 	9,864.29	 	 	 	9,864.29	 	 	07-Jan-05	 	23-May-05	 	0	 	TOGETHER TRADING CO., LTD.	 	KOREA REPUBLIC
	IM432768/05
	 	TD605500055239-5	 	DOJI00962441JJ	 	USD	 	 	2,281,665.56	 	 	 	2,281,665.56	 	 	04-Feb-05	 	09-Aug-05	 	0	 	WELSON TRADING LIMITED	 	TAIWAN
	IM432770/05
	 	TD605500055241-5	 	DOJ10098LL	 	USD	 	 	1,034.88	 	 	 	1,034.88	 	 	04-Feb-05	 	08-May-05	 	0	 	HONG KONG SHUERTAI CO LTD.	 	HONG KONG
	IM432771/05
	 	TD605500055242-5	 	DOJI0099NC	 	USD	 	 	405.85	 	 	 	405.85	 	 	04-Feb-05	 	10-May-05	 	0	 	HONG KONG SHUERTAI CO LTD.	 	HONG KONG

 

 

     

	 	 	 	 	 

	
	 	Outstanding Report —
Import LC
	 	Report as of 11-May-05

Page 2 of 10

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Outstanding	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Lc Ref No	 	CAR Ref	 	Customer Ref	 	Curr	 	Balance	 	 	USD Eqv	 	 	Issue Date	 	Expiry Date	 	Tenor	 	Beneficiary	 	Ben Country
	IM432772/05
	 	TD605500055243-5	 	DOJI0100NC	 	USD	 	 	1,736.21	 	 	 	1,736.21	 	 	04-Feb-05	 	08-May-05	 	0	 	HONG KONG SHUERTAI CO. LTD.	 	HONG KONG
	IM432774/05
	 	TD605500055245-5	 	DOJI0102JW	 	USD	 	 	787.36	 	 	 	787.36	 	 	04-Feb-05	 	10-May-05	 	0	 	HONG KONG SHUERTAI CO. LTD.	 	HONG KONG
	IM432775/05
	 	TD605500055247-5	 	DOJI00103EP	 	USD	 	 	457.44	 	 	 	457.44	 	 	04-Feb-05	 	10-May-05	 	0	 	HONG KONG SHUERTAI CO. LTD.	 	HONG KONG
	IM432837/05
	 	TD605500055254-5	 	DOJI0109RR	 	USD	 	 	168,985.44	 	 	 	168,985.44	 	 	04-Feb-05	 	17-May-05	 	0	 	NINGBO FANHUA WOLLEN SWEATER C	 	CHINA
	IM432840/05
	 	TD605500055257-5	 	DOJI0112LL	 	USD	 	 	79,657.20	 	 	 	79,657.20	 	 	04-Feb-05	 	29-Apr-05	 	0	 	INJAE TRADING COMPANY	 	HONG KONG
	IM432842/05
	 	TD605500055259-5	 	DOJI0114LL	 	USD	 	 	1,820.84	 	 	 	1,820.84	 	 	04-Feb-05	 	01-May-05	 	0	 	KOREA APPAREL CO., LTD.	 	KOREA REPUBLIC
	IM432844/05
	 	TD605500055261-5	 	DOJI0116LL	 	USD	 	 	85,726.51	 	 	 	85,726.51	 	 	04-Feb-05	 	01-May-05	 	0	 	SEOHEUNG TRADING CO., LTD.	 	KOREA REPUBLIC
	IM432836/05
	 	TD605500055253-5	 	DOJI0108AL	 	USD	 	 	61,381.15	 	 	 	61,381.15	 	 	05-Feb-05	 	15-May-05	 	0	 	CITY HILL LIMITED	 	HONG KONG
	IM433368/05
	 	TD605500055273-5	 	DOJI01262510JJ	 	USD	 	 	2,160,469.07	 	 	 	2,160,469.07	 	 	11-Feb-05	 	29-Jul-05	 	0	 	GOLDTREND ENTERPRISES LTD.	 	 
	IM433369/05
	 	TD605500055274-5	 	DOJI01272516JJ	 	USD	 	 	1,963,515.40	 	 	 	1,963,515.40	 	 	11-Feb-05	 	11-Jul-05	 	0	 	FORTUNELY INTERNATIONAL LTD.	 	HONG KONG
	IM433375/05
	 	TD605500055280-5	 	DOJI0133ME859	 	USD	 	 	131,261.99	 	 	 	131,261.99	 	 	11-Feb-05	 	12-May-05	 	0	 	UNITEX FASHIONS (INDIA) PVT.LTD.	 	INDIA
	IM433376/05
	 	TD605500055281-5	 	DOJI0134ME860	 	USD	 	 	275,294.01	 	 	 	275,294.01	 	 	11-Feb-05	 	17-May-05	 	0	 	M S MAHAVIR INTERNATIONAL PVT. LTD.	 	INDIA
	IM433377/05
	 	TD605500055282-5	 	DOJI0135ME861	 	USD	 	 	86,438.17	 	 	 	86,438.17	 	 	11-Feb-05	 	21-May-05	 	0	 	INDUSTRIAL MANUFACTURING CORP.	 	INDIA
	IM433379/05
	 	TD605500055284-5	 	DOJI0137ME863	 	USD	 	 	35,665.31	 	 	 	35,665.31	 	 	11-Feb-05	 	04-Apr-05	 	0	 	FOREMOST INDIA	 	INDIA
	IM433381/05
	 	TD605500055286-5	 	DOJI0140ME866	 	USD	 	 	126,060.00	 	 	 	126,060.00	 	 	11-Feb-05	 	21-Jul-05	 	0	 	BJ APPAREL GLOBAL PTE LTD.	 	SINGAPORE
	IM433385/05
	 	TD605500055290-5	 	DOJI0144ME870	 	USD	 	 	123,692.25	 	 	 	123,692.25	 	 	11-Feb-05	 	05-May-05	 	0	 	TRAKYA TEKSTIL VE GIYIM	 	TURKEY
	IM433386/05
	 	TD605500055291-5	 	DOJI0145ME871	 	USD	 	 	87,517.50	 	 	 	87,517.50	 	 	11-Feb-05	 	11-May-05	 	0	 	ULUDAG TEKSTIL KONFEKSIYON GIYIM	 	TURKEY
	IM433370/05
	 	TD605500055275-5	 	DOJI01282517JJ	 	USD	 	 	694,049.21	 	 	 	694,049.21	 	 	14-Feb-05	 	04-Jun-05	 	0	 	FORTUNELY INTERNATIONAL LTD.	 	HONG KONG
	IM433372/05
	 	TD605500055277-5	 	DOJI01302519JJ	 	USD	 	 	262,313.23	 	 	 	262,313.23	 	 	14-Feb-05	 	03-Aug-05	 	0	 	MING TAI KNITTING GARMENT FTY LTD.	 	HONG KONG
	IM433371/05
	 	TD605500055276-5	 	DOJI01292518JJ	 	USD	 	 	52,970.00	 	 	 	52,970.00	 	 	15-Feb-05	 	02-May-05	 	0	 	FORTUNELY INTERNATIONAL LTD.	 	HONG KONG
	IM433848/05
	 	TD605500055251-5	 	DOJI0184NM	 	USD	 	 	701,912.70	 	 	 	701,912.70	 	 	18-Feb-05	 	30-May-05	 	0	 	PEARL BUYING SERVICES (PVT) LTD.	 	BANGLADESH
	IM433835/05
	 	TD605500055315-5	 	DOJI0171JS	 	USD	 	 	99,406.10	 	 	 	99,406.10	 	 	18-Feb-05	 	25-Apr-05	 	0	 	DO1 MARKETING SERVICE	 	KOREA REPUBLIC
	IM433837/05
	 	TD605500055317-5	 	DOJI0173JS	 	USD	 	 	1,754.10	 	 	 	1,754.10	 	 	18-Feb-05	 	12-May-05	 	0	 	TOGETHER TRADING CO., LTD.	 	KOREA REPUBLIC
	IM433839/05
	 	TD605500055319-5	 	DOJI0175AL	 	USD	 	 	12,321.05	 	 	 	12,321.05	 	 	18-Feb-05	 	21-Mar-05	 	0	 	DO1 MARKETING SERVICE	 	KOREA REPUBLIC
	IM433842/05
	 	TD605500055322-5	 	DOJI0178RR	 	USD	 	 	55,651.00	 	 	 	55,651.00	 	 	18-Feb-05	 	25-Apr-05	 	0	 	DO1 MARKETING SERVICE	 	KOREA REPUBLIC
	IM433843/05
	 	TD605500055323-5	 	DOJI0179LL	 	USD	 	 	30,028.80	 	 	 	30,028.80	 	 	18-Feb-05	 	25-Apr-05	 	0	 	DO1 MARKETING SERVICE	 	KOREA REPUBLIC
	IM433849/05
	 	TD605500055325-5	 	DOJ10185BA	 	USD	 	 	246,647.08	 	 	 	246,647.08	 	 	18-Feb-05	 	06-Jun-05	 	0	 	PEARL BUYING SERVICES (PVT) LTD.	 	BANGLADESH
	IM433850/05
	 	TD605500055326-5	 	DOJI10186BA	 	USD	 	 	1,140,507.33	 	 	 	1,140,507.33	 	 	18-Feb-05	 	06-Jun-05	 	0	 	PEARL BUYING  SERVICES (PVT)LTD.	 	BANGLADESH
	IM433851/05
	 	TD605500055327-5	 	DOJI0187AL	 	USD	 	 	171,456.25	 	 	 	171,456.25	 	 	18-FEb-05	 	06-Jun-05	 	0	 	PEARL BUYING SERVICES (PVT) LTD.	 	BANGLADESH
	IM433852/05
	 	TD605500055328-5	 	DOJI0188NC	 	USD	 	 	720,605.41	 	 	 	720,605.41	 	 	18-Feb-05	 	30-Jun-05	 	0	 	PEARL BUYING SERVICES (PVT) LTD.	 	BANGLADESH
	IM434372/05
	 	TD605500055339-5	 	DOJI0199AL	 	USD	 	 	89,785.10	 	 	 	89,785.10	 	 	25-Feb 05	 	01-May-05	 	0	 	ALPHA START LTD.	 	HONG KONG
	IM434387/05
	 	TD605500055356-5	 	DOJI0216LL	 	USD	 	 	157,038.22	 	 	 	157,038.22	 	 	25-Feb-05	 	20-May-05	 	0	 	SEJEE COMPANY LTD.	 	HONG KONG
	IM434388/05
	 	TD605500055357-5	 	DOJI0217NC	 	USD	 	 	77,223.90	 	 	 	77,223.90	 	 	25-Feb-05	 	25-Apr-05	 	0	 	SEJEE COMPANY LTD.	 	HONG KONG
	IM434389/05
	 	TD605500055358-5	 	DOJI0218JW	 	USD	 	 	88,145.11	 	 	 	88,145.11	 	 	25-Feb-05	 	25-Apr-05	 	0	 	SEJEE COMPANY LTD.	 	HONG KONG
	IM434390/05
	 	TD605500055361-5	 	DOJI0220NC	 	USD	 	 	257,913.02	 	 	 	257,913.02	 	 	25-Feb-05	 	25-May-05	 	0	 	SEJEE COMPANY LTD.	 	HONG KONG
	IM434363/05
	 	TD605500055330-5	 	DOJI01902537JJ	 	USD	 	 	154,425.60	 	 	 	154,425.60	 	 	28-Feb-05	 	12-Jul-05	 	0	 	SAN WAI GARMENT FACTORY	 	MACAO
	IM434965/05
	 	TD605500055365-5	 	DOJI0224AL	 	USD	 	 	104,413.91	 	 	 	104,413.91	 	 	04-Mar-05	 	25-May-05	 	0	 	SEJEE COMPANY LTD.	 	HONG KONG
	IM434966/05
	 	TD605500055366-5	 	DOJI0225AL	 	USD	 	 	218,270.39	 	 	 	218,270.39	 	 	04-Mar-05	 	30-Jun-05	 	0	 	PEARL BUYING SERVICES (PVT) LTD.	 	BANGLADESH
	IM434967/05
	 	TD605500055367-5	 	DOJI0226BA	 	USD	 	 	328,645.64	 	 	 	328,645.64	 	 	04-Mar-05	 	06-Jun-05	 	0	 	PEARL BUYING SERVICES (PVT) LTD.	 	BANGLADESH
	IM434968/05
	 	TD605500055368-5	 	DOJI0227NC	 	USD	 	 	663,842.29	 	 	 	663,842.29	 	 	04-Mar-05	 	30 Jun-05	 	0	 	PEARL BUYING SERVICES (PVT) LTD.	 	BANGLADESH
	IM434969/05
	 	TD605500055369-5	 	DOJI0228EP	 	USD	 	 	3,648.93	 	 	 	3,648.93	 	 	04-Mar-05	 	25 May-05	 	0	 	SEJEE COMPANY LTD.	 	HONG KONG
	IM434992/05
	 	TD605500055398-5	 	DOJI0256NM	 	USD	 	 	47,098.20	 	 	 	47,098.20	 	 	04-Mar-05	 	28-Mar-05	 	0	 	DO1 MARKETING SERVICE	 	KOREA REPUBLIC
	IM434993/05
	 	TD605500055399-5	 	DOJI02572540JJ	 	USD	 	 	1,361,270.49	 	 	 	1,361,270.49	 	 	04-Mar-05	 	30-Jun-05	 	0	 	WAILAM MAO IEK HONG	 	MACAO
	IM434995/05
	 	TD605500055401-5	 	DOJI0259ME878	 	USD	 	 	32,541.80	 	 	 	32,541.80	 	 	04-Mar-05	 	20-Apr-05	 	0	 	ALLIED EXPORT INDUSTRIES	 	INDIA
	IM434977/05
	 	TD605500055380-5	 	DOJI0238LL	 	USD	 	 	311,418.89	 	 	 	311,418.89	 	 	05-Mar-05	 	15-May-05	 	0	 	PYL APPAREL LIMITED.	 	HONG KONG

 

 

     

	 	 	 	 	 

	
	 	Outstanding Report —
Import LC
	 	Report as of 11-May-05

Page 3 of 10

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Outstanding	 	 	 	 	 	 	 	 	 	 	 	 	 
	Lc Ref No	 	CAR Ref	 	Customer Ref	 	Curr	 	Balance	 	 	USD Eqv	 	 	Issue Date	 	Expiry Date	 	Tenor	 	Beneficiary	 	Ben Country
	IM434970/05
	 	TD605500055370-5	 	DOJI0229EP	 	USD	 	 	4,101.10	 	 	 	4,101.10	 	 	08-Mar-05	 	30-May-05	 	0	 	SEJEE COMPANY LTD.	 	HONG KONG
	IM435432/05
	 	TD605500055411-5	 	DOJI0270ME886	 	USD	 	 	65,095.50	 	 	 	65,095.50	 	 	10-Mar-05	 	18-May-05	 	0	 	HAIYAN WELCOME TEXTILE INDUSTRY	 	CHINA
	IM435433/05
	 	TD605500055412-5	 	DOJI0271ME887	 	USD	 	 	75,475.69	 	 	 	75,475.69	 	 	10-Mar-05	 	05-Jun-05	 	0	 	BJ APPAREL GLOBAL PTE LTD.	 	SINGAPORE
	IM435434/05
	 	TD605500055413-5	 	DOJI0272ME888	 	USD	 	 	32,160.00	 	 	 	32,160.00	 	 	10-Mar-05	 	21-May-05	 	0	 	DEEPAK INDUSTRIES	 	INDIA
	IM435421/05
	 	TD605500055416-5	 	DOJI00276NM	 	USD	 	 	389,683.67	 	 	 	389,683.67	 	 	10-Mar-05	 	20-May-05	 	0	 	SEJEE COMPANY LTD.	 	HONG KONG
	IM435437/05
	 	TD605500055420-5	 	DOJI0280LL	 	USD	 	 	54,628.11	 	 	 	54,628.11	 	 	10-Mar-05	 	06-May-05	 	0	 	SUNLONG INTERNATIONAL LIMITED.	 	TAIWAN
	IM435438/05
	 	TD605500055421-5	 	DOJI0291ME891	 	USD	 	 	88,070.98	 	 	 	88,070.98	 	 	10-Mar-05	 	18-May-05	 	0	 	YAW CHING ENTERPRISES COMPANY, LTD.	 	TAIWAN
	IM435426/05
	 	TD605500055405-5	 	DOJI0263ME879	 	USD	 	 	2,719.92	 	 	 	2,719.92	 	 	11-Mar-05	 	21-May-05	 	0	 	M S EXEMPLARY COMPANY LTD.	 	BANGLADESH
	IM435427/05
	 	TD605500055406-5	 	DOJI0264ME880	 	USD	 	 	258,792.33	 	 	 	258,792.33	 	 	11-Mar-05	 	21-May-05	 	0	 	PRATTISON GARMENT LIMITED.	 	HONG KONG
	IM435429/05
	 	TD605500055408-5	 	DOJI0266ME882	 	USD	 	 	559,204.25	 	 	 	559,204.25	 	 	11-Mar-05	 	22-May-05	 	0	 	KUK RIM LTD.	 	KOREA REPUBLIC
	IM435430/05
	 	TD605500055409-5	 	DOJI0268ME884	 	USD	 	 	179,758.62	 	 	 	179,758.62	 	 	11-Mar-05	 	15-May-05	 	0	 	UNITEX FASHIONS (INDIA) PVT. LTD.	 	INDIA
	IM435431/05
	 	TD605500055410-5	 	DOJI0269ME885	 	USD	 	 	131,527.20	 	 	 	131,527.20	 	 	11-Mar-05	 	03-Jun-05	 	0	 	M S MAHAVIR INTERNATIONAL PVT	 	INDIA
	IM435439/05
	 	TD605500055422-5	 	DOJI0292ME892	 	USD	 	 	227,768.45	 	 	 	227,768.45	 	 	11-Mar-05	 	21-May-05	 	0	 	JRB HOWARD INTERNATIONAL CO, LTD.	 	TAIWAN
	IM435480/05
	 	TD605500055423-5	 	DOJI0281EP	 	USD	 	 	16,130.21	 	 	 	16,130.21	 	 	11-Mar-05	 	25-May-05	 	0	 	SEJEE COMPANY LTD.	 	HONG KONG
	IM435481/05
	 	TD605500055424-5	 	DOJI0282NC	 	USD	 	 	2,099.26	 	 	 	2,099.26	 	 	11-Mar-05	 	06-May-05	 	0	 	TOMEN(HKG) CO LTD.	 	HONG KONG
	IM435476/05
	 	TD605500055425-5	 	DOJI0283NC	 	USD	 	 	45,107.37	 	 	 	45,107.37	 	 	11-Mar-05	 	21-May-05	 	0	 	WORLD FORTUNE INTERNATIONAL CO	 	BRIT. VIRGIN ISLAND
	IM435478/05
	 	TD605500055427-5	 	DOJI00284NC	 	USD	 	 	4,297.71	 	 	 	4,297.71	 	 	11-Mar-05	 	11-May-05	 	0	 	WORLD FORTUNE INTERNATIONAL CO	 	BRIT VIRGIN ISLAND
	IM435484/05
	 	TD605500055430-5	 	DOJI0287CL	 	USD	 	 	81,008.40	 	 	 	81,008.40	 	 	11-Mar-05	 	30-May-05	 	0	 	WIDEWAY (CHINA) LIMITED	 	HONG KONG
	IM435486/05
	 	TD605500055432-5	 	DOJI0289CL	 	USD	 	 	40,107.74	 	 	 	40,107.74	 	 	11-Mar-05	 	01-May-05	 	0	 	NIEN HSING TEXTILE CO., LTD.	 	TAIWAN
	IM435474/05
	 	TD605500055433-5	 	DOJI00290BA	 	USD	 	 	302,025.78	 	 	 	302,025.78	 	 	11-Mar-05	 	06-Jul-05	 	0	 	WORLD FORTUNE INTERNATIONAL CO	 	BRIT VIRGIN ISLAND
	IM435487/05
	 	TD605500055434-5	 	DOJI0293RR	 	USD	 	 	158,618.04	 	 	 	158,618.04	 	 	11-Mar-05	 	15-May-05	 	0	 	PYL APPAREL LIMITED	 	HONG KONG
	IM435488/05
	 	TD605500055435-5	 	DOJI0294CL	 	USD	 	 	205,588.65	 	 	 	205,588.65	 	 	11-Mar-05	 	15-May-05	 	0	 	PYL APPAREL LIMITED	 	HONG KONG
	IM435489/05
	 	TD605500055436-5	 	DOJI0295BA	 	USD	 	 	62,712.35	 	 	 	62,712.35	 	 	11-Mar-05	 	15-May-05	 	0	 	PYL APPAREL LIMITED	 	HONG KONG
	IM435477/05
	 	TD605500055437-5	 	DOJI0296NC	 	USD	 	 	100,706.19	 	 	 	100,706.19	 	 	11-Mar-05	 	15-May-05	 	0	 	PYL APPAREL LIMITED	 	HONG KONG
	IM435490/05
	 	TD605500055438-5	 	DOJI0297CL	 	USD	 	 	348,467.70	 	 	 	348,467.70	 	 	11-Mar-05	 	15-May-05	 	0	 	PYL APPAREL LIMITED	 	HONG KONG
	IM435491/05
	 	TD605500055439-5	 	DOJI0298JWJ	 	USD	 	 	291,515.40	 	 	 	291,515.40	 	 	11-Mar-05	 	15-May-05	 	0	 	PYL APPAREL LIMITED	 	HONG KONG
	IM435492/05
	 	TD605500055440-5	 	DOJI0299NM	 	USD	 	 	90,755.68	 	 	 	90,755.68	 	 	11-Mar-05	 	15-May-05	 	0	 	PYL APPAREL LIMITFD	 	HONG KONG
	IM435493/05
	 	TD605500055441-5	 	DOJI0300BA	 	USD	 	 	34,073.96	 	 	 	34,073.96	 	 	11-Mar-05	 	15-May-05	 	0	 	PYL APPAREL LIMITED	 	HONG KONG
	IM435494/05
	 	TD605500055442-5	 	DOJI0301EP	 	USD	 	 	37,110.99	 	 	 	37,110.99	 	 	11-Mar-05	 	15-May-05	 	0	 	PYL APPAREL LIMITED	 	HONG KONG
	IM435495/05
	 	TD605500055443-5	 	DOJI0302NM	 	USD	 	 	159,873.12	 	 	 	159,873.12	 	 	11-Mar-05	 	15-May-05	 	0	 	PYL APPAREL LIMITED	 	HONG KONG
	IM435496/05
	 	TD605500055444-5	 	DOJI0303BA	 	USD	 	 	418,026.89	 	 	 	418,026.89	 	 	11-Mar-05	 	15-May-05	 	0	 	PYL APPAREL LIMITED	 	HONG KONG
	IM435497/05
	 	TD605500055445-5	 	DOJI0304LL	 	USD	 	 	518,355.31	 	 	 	518,355.31	 	 	11-Mar-05	 	15-May-05	 	0	 	PYL APPAREL LIMITED	 	HONG KONG
	IM435475/05
	 	TD605500055446-5	 	DOJI00305AL	 	USD	 	 	136,534.66	 	 	 	136,534.66	 	 	11-Mar-05	 	15-May 05	 	0	 	PYL APPAREL LIMITED	 	HONG KONG
	IM435479/05
	 	TD605500055447-5	 	DOJI00306BA	 	USD	 	 	352,310.53	 	 	 	352,310.53	 	 	11-Mar-05	 	30-May-05	 	0	 	SEJEE COMPANY LTD.	 	HONG KONG
	IM435498/05
	 	TD605500055448-5	 	DOJI0307BA	 	USD	 	 	210,421.31	 	 	 	210,421.31	 	 	l1-Mar-05	 	30-May-05	 	0	 	SEJEE COMPANY LTD.	 	HONG KONG
	IM435536/05
	 	TD605500055451-5	 	DOJI0310NC	 	USD	 	 	112,205.10	 	 	 	112,205.10	 	 	11 Mar 05	 	09-May-05	 	0	 	CHI-FUNG ENTERPRISE (HK) LTD.	 	HONG KONG
	IM435538/05
	 	TD605500055453-5	 	DOJI0312JW	 	USD	 	 	5,381.52	 	 	 	5,381.52	 	 	11-Mar-05	 	03-May-05	 	0	 	HANGZHOU HUANGSHUN INDUSTRIAL	 	CHINA
	IM435545/05
	 	TD605500055460-5	 	DOJI00319EP	 	USD	 	 	108,573.08	 	 	 	108,573.08	 	 	11-Mar-05	 	08-May-05	 	0	 	JACK TAN	 	HONG KONG
	IM435546/05
	 	TD605500055461-5	 	DOJI0320EP	 	USD	 	 	100,148.90	 	 	 	100,148.90	 	 	11-Mar-05	 	08-May-05	 	0	 	JACK TAN	 	HONG KONG
	IM435558/05
	 	TD605500055473-5	 	DOJI0332NC	 	USD	 	 	50,877.60	 	 	 	50,877.60	 	 	11-Mar-05	 	11-May-05	 	0	 	SAE HWA VINA CO. LTD.	 	VIETNAM
	IM435560/05
	 	TD605500055475-5	 	DOJI0334JW	 	USD	 	 	566.72	 	 	 	566.72	 	 	11-Mar-05	 	01-May-05	 	0	 	KOREA APPAREL CO., LTD.	 	KOREA REPUBLIC
	IM435561/05
	 	TD605500055476-5	 	DOJI0335JW	 	USD	 	 	53,245.63	 	 	 	53,245.63	 	 	11-Mar-05	 	02-May-05	 	0	 	SAE HWA VINA CO. LTD.	 	VIETNAM
	IM435566/05
	 	TD605500055481-5	 	DOJI0340NM	 	USD	 	 	21,887.43	 	 	 	21,887.43	 	 	11-Mar-05	 	20 May 05	 	0	 	SEJEE COMPANY  LTD.	 	HONG KONG
	IM435568/05
	 	TD605500055483-5	 	DOJI0342NC	 	USD	 	 	2,499.30	 	 	 	2,499.30	 	 	11-Mar-05	 	06-May-05	 	0	 	WORLD FORTUNE INTERNATIONAL CO	 	BRIT VIRGIN ISLAND
	IM435424/05
	 	TD605500055403-5	 	DOJI02612550JJ	 	USD	 	 	476,368.24	 	 	 	476,368.24	 	 	12-Mar-05	 	30-May-05	 	0	 	FORTUNELY INTERNATIONAL LTD.	 	HONG KONG

 

 

     

	 	 	 	 	 

	

	 	Outstanding Report — Import LC
	 	Report as of 11-May-05

Page 4 of 10

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Lc Ref No	 	CAR Ref	 	Customer Ref	 	Curr	 	Outstanding Balance	 	 	USD Eqv	 	 	Issue Date	 	Expiry Date	 	Tenor	 	Beneficiary	 	Ben Country
	IM435425/05
	 	TD605500055404-5	 	DOJI02622554JJ	 	USD	 	 	593,565.46	 	 	 	593,565.46	 	 	12-Mar-05	 	15-Jun-05	 	0	 	VOGUE FRONTIER CO. LTD	 	TAIWAN
	IM435435/05
	 	TD605500055414-5	 	DOJI0274ME890	 	USD	 	 	63,425.00	 	 	 	63,425.00	 	 	14 Mar-05	 	05-May-05	 	0	 	ALLIED EXPORT INDUSTRIES	 	INDIA
	IM435482/05
	 	TD605500055428-5	 	DOJI0285EP	 	USD	 	 	22,819.88	 	 	 	22,819.88	 	 	14-Mar-05	 	11-May-05	 	0	 	WORLD FORTUNE INTERNATIONAL COI	 	BRIT.VIRGIN ISLAND
	IM435922/05
	 	TD605500055484-5	 	DOJI0343ME883	 	USD	 	 	204,939.50	 	 	 	204,939.50	 	 	16-Mar-05	 	04-Jun-05	 	0	 	JYOTI APPARELS	 	INDIA
	IM435926/05
	 	TD605500055488-5	 	DOJI0347ME895	 	USD	 	 	28,349.00	 	 	 	28,349.00	 	 	16-Mar-05	 	05-May-05	 	0	 	TRAKYA TEKSTIL VE GIYIM	 	TURKEY
	IM435927/05
	 	TD605500055489-5	 	DOJI0348ME896	 	USD	 	 	252,370.00	 	 	 	252,370.00	 	 	16-Mar-05	 	15-May-05	 	0	 	ULUDAG TEKSTIL KONFEKSIYON GIYIM	 	TURKEY
	IM435928/05
	 	TD605500055490-5	 	DOJI0349ME897	 	USD	 	 	123,784.92	 	 	 	123,784.92	 	 	16-Mar-05	 	04-Jun-05	 	0	 	MONTROSE MARKETING LTD.	 	SRI LANKA
	IM435929/05
	 	TD605500055491-5	 	DOJI0350ME898	 	USD	 	 	219,922.67	 	 	 	219,922.67	 	 	16-Mar-05	 	26-Jun-05	 	0	 	PRATTISON GARMENT LIMITED	 	HONG KONG
	lM435930/05
	 	TD605500055492-5	 	DOJI0351ME899	 	USD	 	 	323,737.61	 	 	 	323,737.61	 	 	16-Mar-05	 	20-Jun-05	 	0	 	M S EXEMPLARY COMPANY LTD	 	BANGLADESH
	IM435931/05
	 	TD605500055493-5	 	DOJI0352ME900	 	USD	 	 	2,032,409.50	 	 	 	2,032,409.50	 	 	16-Mar-05	 	20-Jun-05	 	0	 	KUK RIM LTD	 	KOREA REPUBLIC
	IM435932/05
	 	TD605500055494-5	 	DOJI0353ME901	 	USD	 	 	187,015.76	 	 	 	187,015.76	 	 	16 Mar 05	 	30-Jun-05	 	0	 	UNITEX FASHIONS (INDIA) PVT LTD	 	INDIA
	IM435933/05
	 	TD605500055495-5	 	DOJI0357ME902	 	USD	 	 	55,107.50	 	 	 	55,107,50	 	 	16-Mar-05	 	25-May-05	 	0	 	HAIYAN WELCOME TEXTILE INDUSTRY	 	CHINA
	IM435934/05
	 	TD605500055496-5	 	DOJI0355ME903	 	USD	 	 	44,340.97	 	 	 	44,340.97	 	 	16-Mar-05	 	06-Jun-05	 	0	 	EFFORT GARMENT CO. LTD.	 	TAIWAN
	IM435935/05
	 	TD605500055497-5	 	DOJI0356ME904	 	USD	 	 	142,625.00	 	 	 	142,625.00	 	 	16-Mar-05	 	20-Jun-05	 	0	 	ALLIED EXPORT INDUSTRIES	 	INDIA
	IM435937/05
	 	TD605500055499-5	 	DOJI0358ME906	 	USD	 	 	64,600.00	 	 	 	64,600.00	 	 	16-Mar-05	 	06-Jul-05	 	0	 	DEEPAK INDUSTRIES	 	INDIA
	IM435936/05
	 	TD605500055498-5	 	DOJI0357ME905	 	USD	 	 	185,370.28	 	 	 	185,370.28	 	 	17-Mar-05	 	26-May-05	 	0	 	M S UNICON INTERNATIONAL (PVT)LTD	 	PAKISTAN
	IM436079/05
	 	TD605500055500-5	 	DOJI03592571JJ	 	USD	 	 	609,983.92	 	 	 	609,983.92	 	 	18-Mar-05	 	15-Jul-05	 	0	 	A JU TRADING CO. LTD.	 	KOREA REPUBLIC
	IM436080/05
	 	TD605500060001-5	 	DOJI03602560JJ	 	USD	 	 	47,313.00	 	 	 	47,313.00	 	 	18-Mar-05	 	14-Jul-05	 	0	 	HONJEN INDUSTRIAL LTD	 	TAIWAN
	IM436081/05
	 	TD605500060002-5	 	DOJI03612582JJ	 	USD	 	 	446,109.93	 	 	 	446,109.93	 	 	18-Mar-05	 	14-Aug-05	 	0	 	EASY WORLD CO., LTD - KOREA	 	KOREA REPUBLIC
	IM436083/05
	 	TD605500060004-5	 	DOJI03632546JJ	 	USD	 	 	504,715.55	 	 	 	504,715.55	 	 	18-Mar-05	 	14-Jun-05	 	0	 	EROS CAMASIRLARI A.S.	 	TURKEY
	IM436084/05
	 	TD605500060005-5	 	DOJI03642557JJ	 	USD	 	 	112,203.00	 	 	 	112,203.00	 	 	18-Mar-05	 	30-Jun-05	 	0	 	EVA SWEATER LTD.	 	BANGLADESH
	IM436086/05
	 	TD605500060007-5	 	DOJI03662577JJ	 	USD	 	 	44,415.00	 	 	 	44,415.00	 	 	18-Mar-05	 	14-Jul-05	 	0	 	YONGWOO MODE CO.	 	KOREA-REPUBLIC
	IM436166/05
	 	TD605500060008-5	 	DOJI0367JW	 	USD	 	 	187,963.66	 	 	 	187,963.66	 	 	18-Mar-05	 	15-May-05	 	0	 	WIDEWAY (CHINA) LIMITED	 	HONG KONG
	IM436167/05
	 	TD605500060011-5	 	DOJI0370NM	 	USD	 	 	106,789.76	 	 	 	106,789.76	 	 	18-Mar-05	 	16-May-05	 	0	 	DO1 MARKETING SERVICE	 	KOREA REPUBLIC
	IM436169/05
	 	TD605500060018-5	 	DOJI0377BA	 	USD	 	 	19,586.80	 	 	 	19,586.80	 	 	18-Mar-05	 	25-Apr-05	 	0	 	DO1 MARKETING SERVICE	 	KOREA REPUBLIC
	IM436170/05
	 	TD605500060019-5	 	DOJI0378CL	 	USD	 	 	20,731.31	 	 	 	20,731.31	 	 	18-Mar-05	 	01-May-05	 	0	 	WORLD FORTUNE INTERNATIONAL COI	 	BRIT.VIRGIN ISLAND
	IM436171/05
	 	TD605500060020-5	 	DOJI0379CL	 	USD	 	 	8,239.00	 	 	 	8,239.00	 	 	18-Mar-05	 	13-May-05	 	0	 	JAY ONE TRADING CORP.	 	KOREA REPUBLIC
	IM436172/05
	 	TD605500060021-5	 	DOJI0380CL	 	USD	 	 	58,665.50	 	 	 	58,665.50	 	 	18-Mar-05	 	05-Jun-05	 	0	 	HONG KONG WINTAI GARMENT LTD.	 	HONG KONG
	IM436159/05
	 	TD605500060022-5	 	DOJI0381CL	 	USD	 	 	16,340.91	 	 	 	16,340.91	 	 	18-Mar-05	 	01-Jul-05	 	0	 	HONG KONG WINTAI GARMENT LTD.	 	HONG KONG
	IM436174/05
	 	TD605500060025-5	 	DOJI0384CL	 	USD	 	 	178,150.14	 	 	 	178,150.14	 	 	18-Mar-05	 	30-May-05	 	0	 	WIDEWAY (CHINA) LIMITED	 	HONG KONG
	IM436175/05
	 	TD605500060026-5	 	DOJI0385BA	 	USD	 	 	19,052.38	 	 	 	19,052.38	 	 	18-Mar-05	 	30-May-05	 	0	 	WIDEWAY (CHINA) LIMITED	 	HONG KONG
	IM436152/05
	 	TD605500060027-5	 	DOJI00386AL	 	USD	 	 	41,387.52	 	 	 	41,387.52	 	 	18-Mar-05	 	30-Jun-05	 	0	 	WIDEWAY (CHINA) LIMITED	 	HONG KONG
	IM436178/05
	 	TD605500060034-5	 	DOJI0393NM	 	USD	 	 	2,503.68	 	 	 	2,503.68	 	 	18-Mar-05	 	22-Apr-05	 	0	 	JAY ONE TRADING CORP.	 	KOREA REPUBLIC
	IM436179/05
	 	TD605500060035-5	 	DOJI0394NM	 	USD	 	 	3,682.32	 	 	 	3,682.32	 	 	18-Mar-05	 	07-May-05	 	0	 	JAY ONE TRADING CORP.	 	KOREA REPUBLIC
	IM436180/05
	 	TD605500060037-5	 	DOJI0396AL	 	USD	 	 	4,168.50	 	 	 	4,168.50	 	 	18-Mar-05	 	06-May-05	 	0	 	A.O. TEXTILES, INC.	 	UNITED STATES
	IM436082/05
	 	TD605500060003-5	 	DOJI0362541LN	 	USD	 	 	107,624.16	 	 	 	107,624.16	 	 	21-Mar-05	 	04-Jun-05	 	0	 	WAI LAM MAO IEK HONG	 	MACAO
	IM436163/05
	 	TD605500060033-5	 	DOJI0392NM	 	USD	 	 	7,725.00	 	 	 	7,725.00	 	 	22-Mar-05	 	01-May-05	 	0	 	NOAH FABRIC NEW YORK	 	UNITED STATES
	1M436085/05
	 	TD605500060006-5	 	DOJI03652580LN	 	USD	 	 	93,198.63	 	 	 	93,198.63	 	 	23-Mar-05	 	04-Jun-05	 	0	 	M S BENGAL FINE KNITEX LTD	 	BANGLADESH
	IM436495/05
	 	TD605500060039-5	 	DOJI03982564JJ	 	USD	 	 	3,353,734.01	 	 	 	3,353,734.01	 	 	24-Mar-05	 	19-Jul-05	 	0	 	FORTUNELY INTERNATIONAL LTD	 	HONG KONG
	IM436497/05
	 	TD605500060041-5	 	DOJI04002587LN	 	USD	 	 	259,073.63	 	 	 	259,073.63	 	 	24-Mar-05	 	04-Aug-05	 	0	 	SAYTAZ INTERNATIONAL	 	BANGLADESH
	IM436500/05
	 	TD605500060042-5	 	DOJI0401ME907	 	USD	 	 	45,750.00	 	 	 	45,750.00	 	 	24-Mar-05	 	20-Jun-05	 	0	 	XINRUN KNITTING COMPANY LTD.	 	HONG KONG
	IM436501/05
	 	TD605500060043-5	 	DOJI0402ME908	 	USD	 	 	54,400.00	 	 	 	54,400.00	 	 	24-Mar-05	 	20-Jun-05	 	0	 	INJAE TRADING COMPANY	 	HONG KONG
	IM436503/05
	 	TD605500060045-5	 	DOJI0404ME910	 	USD	 	 	224,696.55	 	 	 	224,696.55	 	 	24-Mar-05	 	20-Jun-05	 	0	 	YAW CHING ENTERPRISES COMPANY,	 	TAIWAN
	IM436504/05
	 	TD605500060046-5	 	DOJI0405ME911	 	USD	 	 	421,051.66	 	 	 	421,051.66	 	 	24-Mar-05	 	14-Jun-05	 	0	 	ULUDAG TEKSTIL KONFEKSIYON GIYIM	 	TURKEY
	IM436520/05
	 	TD605500060049-5	 	DOJI0409LL	 	USD	 	 	40,634.96	 	 	 	40,634.96	 	 	24-Mar-05	 	15-May-05	 	0	 	TUN YUN TEXTILE CO. LTD	 	TAIWAN

 

 

     

	 	 	 	 	 

	

	 	Outstanding Report — Import LC
	 	Report as of 11-May-05

Page 5 of 10

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Lc Ref No	 	CAR Ref	 	Customer Ref	 	Curr	 	Outstanding Balance	 	 	USD Eqv	 	 	Issue Date	 	Expiry Date	 	Tenor	 	Beneficiary	 	Ben Country
	IM436521/05
	 	TD605500060050-5	 	DOJI0410LL	 	USD	 	 	85,986.00	 	 	 	85,986.00	 	 	24-Mar-05	 	15-May-05	 	0	 	CHY JYE GARMENT	 	TAIWAN
	IM436524/05
	 	TD605500060053-5	 	DOJI0413JWJ	 	USD	 	 	263,246.29	 	 	 	263,246.29	 	 	24-Mar-05	 	04-May-05	 	0	 	TUN YUN TEXTILE CO. LTD	 	TAIWAN
	1M436526/05
	 	TD605500060055-5	 	DOJI0415AL	 	USD	 	 	31,349.70	 	 	 	31,349.70	 	 	24-Mar-05	 	02-May-05	 	0	 	PT, PAN BROTHERS TEX	 	INDONESIA
	IM436529/05
	 	TD605500060058-5	 	DOJI0418NM	 	USD	 	 	51,985.01	 	 	 	51,985.01	 	 	24 Mar-05	 	08-Jun-05	 	 	 	KOWATEX LIMITED	 	HONG KONG
	IM436532/05
	 	TD605500060062-5	 	DOJI0422BA	 	USD	 	 	142,943.40	 	 	 	142,943.40	 	 	24-Mar-05	 	15-Jul-05	 	0	 	NOAH FABRIC NEW YORK	 	UNITED STATES
	IM436533/05
	 	TD605500060063-5	 	DOJI0423CL	 	USD	 	 	107,645.80	 	 	 	107,645.80	 	 	24-Mar-05	 	30-Jun-05	 	0	 	WIDEWAY (CHINA) LIMITED	 	HONG KONG
	IM436582/05
	 	TD605500060066-5	 	DOJI0426ME912	 	USD	 	 	28,889.00	 	 	 	28,889.00	 	 	25-Mar-05	 	04-Jun-05	 	0	 	JYOTI APPARELS	 	INDIA
	IM436502/05
	 	TD605500060044-5	 	DOJI0403ME909	 	USD	 	 	82,378.50	 	 	 	82,378.50	 	 	29-Mar-05	 	08-Jun-05	 	0	 	JRB HOWARD INTERNATIONAL CO.LTD.	 	TAIWAN
	IM436583/05
	 	TD605500060067-5	 	DOJI0427ME913	 	USD	 	 	88,755.59	 	 	 	88,755.59	 	 	30-Mar-05	 	20-Jun-05	 	0	 	M S UNICON INTERNATIONAL (PVT)	 	PAKISTAN
	IM436988/05
	 	TD605500060068-5	 	DOJI04282565JJ	 	USD	 	 	672,705.49	 	 	 	672,705.49	 	 	31-Mar-05	 	23-Jul-05	 	0	 	CHEN FENG INDUSTRIES CO. LTD.	 	TAIWAN
	IM436984/05
	 	TD605500060069-5	 	DOJI00429EP	 	USD	 	 	51,870.80	 	 	 	51,870.80	 	 	31-Mar-05	 	11-May-05	 	0	 	CHARTKAR INTERNATIONAL LTD.	 	HONG KONG
	IM436989/05
	 	TD605500060070-5	 	DOJI0430AL	 	USD	 	 	45,327.17	 	 	 	45,327.17	 	 	31-Mar-05	 	12-Jun-05	 	0	 	HONG KONG SHUERTAI CO. LTD	 	HONG KONG
	IM436990/05
	 	TD605500060071-5	 	DOJI0431JW	 	USD	 	 	387,157.32	 	 	 	387,157.32	 	 	31-Mar-05	 	14-Jun-05	 	0	 	HONG KONG SHUERTAI CO. LTD	 	HONG KONG
	IM436987/05
	 	TD605500060072-5	 	DOJI0423JW	 	USD	 	 	380,977.34	 	 	 	380,977.34	 	 	31-Mar 05	 	03-Jul-05	 	0	 	HONG KONG SHUEPTAI CO. LTD	 	HONG KONG
	IM436991/05
	 	TD605500060073-5	 	DOJI0433RR	 	USD	 	 	58,240.16	 	 	 	58,240.16	 	 	31-Mar-05	 	26-Jun-05	 	0	 	HONG KONG SHUERTAI CO. LTD	 	HONG KONG
	IM436992/05
	 	TD605500060074-5	 	DOJI0434RR	 	USD	 	 	12,711.75	 	 	 	12,711.75	 	 	31-Mar-05	 	29-May-05	 	0	 	HONG KONG SHUERTAI CO. LTD	 	HONG KONG
	IM436993/05
	 	TD605500060075-5	 	DOJI0435LL	 	USD	 	 	77,283.36	 	 	 	77,283.36	 	 	31-Mar-05	 	05-Jun-05	 	0	 	HONG KONG SHUERTAI CO. LTD	 	HONG KONG
	IM436994/05
	 	TD605500060076-5	 	DOJI0436RR	 	USD	 	 	72,372.67	 	 	 	72,372.67	 	 	31-Mar-05	 	05-May-05	 	0	 	JACK TAN	 	HONG KONG
	IM436995/05
	 	TD605500060077-5	 	DOJI0438AL	 	USD	 	 	34,333.20	 	 	 	34,333.20	 	 	31-Mar-05	 	02-Jun-05	 	0	 	ONE TRADE CO., LTD.	 	KOREA REPUBLIC
	IM436996/05
	 	TD605500060078-5	 	DOJI0439NC	 	USD	 	 	4,670.78	 	 	 	4,670.78	 	 	31-Mar-05	 	29-Jun-05	 	0	 	TOGETHER TRADING CO., LTD.	 	KOREA REPUBLIC
	IM436997/05
	 	TD605500060079-5	 	DOJI0440AL	 	USD	 	 	116,014.80	 	 	 	116,014.80	 	 	31-Mar-05	 	27-Jun-05	 	0	 	DO1 MARKETING SERVICE	 	KOREA REPUBLIC
	IM436998/05
	 	TD605500060080-5	 	DOJI0441LL	 	USD	 	 	56,784.73	 	 	 	56,784.73	 	 	31-Mar-05	 	23-May-05	 	0	 	DO1 MARKETING SERVICE	 	KOREA REPUBLIC
	IM436999/05
	 	TD605500060081-5	 	DOJI0442NC	 	USD	 	 	46,300.25	 	 	 	46,300.25	 	 	31-Mar-05	 	02-May-05	 	0	 	DO1 MARKETING SERVICE	 	KOREA REPUBLIC
	IM437000/05
	 	TD605500060082-5	 	DOJI0443EP	 	USD	 	 	24,771.84	 	 	 	24,771.84	 	 	31-Mar 05	 	01-Jun-05	 	0	 	HON FANG GARMENT INDUSTIRAL COF	 	TAIWAN
	IM437001/05
	 	TD605500060083-5	 	DOJI0444EP	 	USD	 	 	25,841.09	 	 	 	25,841.09	 	 	31-Mar-05	 	30-Jun-05	 	0	 	HON FANG GARMENT INDUSTIRAL COF	 	TAIWAN
	IM436985/05
	 	TD605500060084-5	 	DOJI00445NC	 	USD	 	 	281,708.09	 	 	 	281,708.09	 	 	31-Mar-05	 	14-Jun-05	 	0	 	KOWATEX LIMITED	 	HONG KONG
	IM437002/05
	 	TD605500060085-5	 	DOJI0446AL	 	USD	 	 	36,221.22	 	 	 	36,221.22	 	 	31-Mar-05	 	13-Jun-05	 	0	 	HON FANG GARMENT INDUSTIRAL COF	 	TAIWAN
	IM436986/05
	 	TD605500060086-5	 	DOJI00447AL	 	USD	 	 	37,304.05	 	 	 	37.304.05	 	 	31-Mar-05	 	08-Jun-05	 	0	 	HON FANG GARMENT INDUSTIRAL COF	 	TAIWAN
	IM437007/05
	 	TD605500060088-5	 	DOJI00449BA	 	USD	 	 	16,625.18	 	 	 	16,625.18	 	 	31-Mar-05	 	08-Jun-05	 	0	 	KUM OH TRADING CO. LTD.	 	KOREA REPUBLIC
	IM437009/05
	 	TD605500060090-5	 	DOJI0451NM	 	USD	 	 	78,668.93	 	 	 	78,668.93	 	 	31-Mar-05	 	14-May-05	 	0	 	KOREA APPAREL CO., LTD.	 	KOREA REPUBLIC
	IM437011/05
	 	TD605500060092-5	 	DOJI0453BA	 	USD	 	 	56,162.70	 	 	 	56,162.70	 	 	31-Mar-05	 	25-Apr-05	 	0	 	JACK TAN	 	HONG KONG
	IM437005/05
	 	TD605500060093-5	 	DOJI00454NM	 	USD	 	 	164,769.98	 	 	 	164,769.98	 	 	31-Mar-05	 	15-May-05	 	0	 	JACK TAN	 	HONG KONG
	IM437012/05
	 	TD605500060094-5	 	DOJI0455NM	 	USD	 	 	363,859.45	 	 	 	363,859.45	 	 	31-Mar-05	 	20-Jul-05	 	0	 	PEARL BUYING SERVICES (PVT) LTD	 	BANGLADESH
	IM437013/05
	 	TD605500060095-5	 	DOJI0456BA	 	USD	 	 	185,350.56	 	 	 	185,350.56	 	 	01-Apr-05	 	06-Jun-05	 	0	 	PEARL BUYING SERVICES (PVT) LTD	 	BANGLADESH
	IM437596/05
	 	TD605500060096-5	 	DOJI04572578JJ	 	USD	 	 	149,544.36	 	 	 	149,544.36	 	 	08-Apr-05	 	14-Aug-05	 	0	 	YOUNG WOO MODE CO.	 	KOREA REPUBLIC
	IM437597/05
	 	TD605500060097-5	 	DOJI04582579JJ	 	USD	 	 	167,895.00	 	 	 	167,895.00	 	 	08-Apr-05	 	21-Jul-05	 	0	 	ZHEJIANG HUZHOU SILK GROUP IMP	 	CHINA
	IM437598/05
	 	TD605500060098-5	 	DOJI0459	 	USD	 	 	95,513.78	 	 	 	95,513.78	 	 	08-Apr-05	 	07-Jun-05	 	0	 	I 2 CONCEPTS INTERNATIONAL LTD	 	HONG KONG
	IM437599/05
	 	TD605500060099-5	 	DOJI04602597JJ	 	USD	 	 	642,763.80	 	 	 	642,763.80	 	 	08-Apr-05	 	15-Jul-05	 	0	 	WAI LAM MAO IEK HONG	 	MACAO
	IM437600/05
	 	TD605500060100-5	 	DOJI04612608JJ	 	USD	 	 	501,234.46	 	 	 	501,234.46	 	 	08-Apr-05	 	15-Jul-05	 	0	 	LIAONING CHENGDA CO. LTD.	 	CHINA
	IM437601/05
	 	TD605500060101-5	 	DOJI04622609JJ	 	USD	 	 	93,820.43	 	 	 	93,820.43	 	 	08-Apr-05	 	05-Jul-05	 	0	 	LIAONING CHENGDA CO. LTD.	 	CHINA
	IM437602/05
	 	TD605500060102-5	 	DOJI04632610JJ	 	USD	 	 	1,331,636.12	 	 	 	1,331,636.12	 	 	08-Apr-05	 	14-Aug-05	 	0	 	LIAONING CHENGDA CO. LTD.	 	CHINA
	IM437603/05
	 	TD605500060103-5	 	DOJI04642611JJ	 	USD	 	 	1,112,923.45	 	 	 	1,112,923.45	 	 	08-Apr-05	 	14-Aug-05	 	0	 	LIAONING CHENGDA CO. LTD.	 	CHINA
	IM437604/05
	 	TD605500060104-5	 	DOJI04652612LN	 	USD	 	 	131,762.54	 	 	 	131,762.54	 	 	08-Apr-05	 	14-Jul-05	 	0	 	LIAONING CHENGDA CO. LTD.	 	CHINA
	IM437620/05
	 	TD605500060105-5	 	DOJI0466BA	 	USD	 	 	74,540.89	 	 	 	74,540.89	 	 	08-Apr-05	 	15-May-05	 	0	 	TUN YUN TEXTILE CO. LTD	 	TAIWAN
	IM437621/05
	 	TD605500060106-5	 	DOJI0467AL	 	USD	 	 	98,582.22	 	 	 	198,582.22	 	 	08-Apr-05	 	15-May-05	 	0	 	HUXING INTERNATIONAL INC. (NY)	 	UNITED STATES

 

 

	 	 	 	 	 

	
	 	Outstanding Report —
Import LC 
	 	Report as of 11-May-05

Page 6 of 10

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Outstanding	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Lc Ref No 	 	CAR Ref 	 	Customer Ref 	 	Curr 	 	Balance 	 	 	USD Eqv 	 	 	Issue Date 	 	Expiry Date 	 	Tenor 	 	Beneficiary 	 	Ben Country 
	IM437623/05
	 	TD605500060108-5	 	DOJI0469BA	 	USD	 	 	21,112.14	 	 	 	21,112.14	 	 	08-Apr-05	 	02-May-05	 	0	 	DO1 MARKETING SERVICE	 	KOREA REPUBLIC
	IM437624/05
	 	TD605500060109-5	 	DOJI0470NM	 	USD	 	 	82,987.20	 	 	 	82,987.20	 	 	08-Apr-05	 	15-May-05	 	0	 	HUXING INTERNATIONAL INC. (NY)	 	UNITED STATES
	IM437625/05
	 	TD605500060110-5	 	DOJI00471JW	 	USD	 	 	130,557.96	 	 	 	130,557.96	 	 	08-Apr-05	 	04-May-05	 	0	 	HUALEY KNITWEARS  LTD.	 	TAIWAN
	IM437626/05
	 	TD605500060111-5	 	DOJI0472LL	 	USD	 	 	64,510.92	 	 	 	64,510.92	 	 	08-Apr-05	 	04-May-05	 	0	 	HUALEY KNITWEARS  LTD.	 	TAIWAN
	IM437627/05
	 	TD605500060112-5	 	DOJI0473BA	 	USD	 	 	38,308.14	 	 	 	38,308.14	 	 	08-Apr-05	 	15-May-05	 	0	 	HUALEY KNITWEARS  LTD.	 	TAIWAN
	IM437628/05
	 	TD605500060113-5	 	DOJI0474BA	 	USD	 	 	70,975.07	 	 	 	70,975.07	 	 	08-Apr-05	 	15-May-05	 	0	 	HON FANG GARMENT INDUSTIRAL COF	 	TAIWAN
	IM437629/05
	 	TD605500060114-5	 	DOJI0475BA	 	USD	 	 	23,698.27	 	 	 	23,698.27	 	 	08-Apr-05	 	15-May-05	 	0	 	TUN YUN  TEXTILE CO.  LTD	 	TAIWAN
	IM437630/05
	 	TD605500060115-5	 	DOI00476JW	 	USD	 	 	47,606.46	 	 	 	47,606.46	 	 	08-Apr-05	 	15-May-05	 	0	 	CHARTER ACE COMPANY LIMITED	 	 
	IM437631/05
	 	TD605500060116-5	 	DOJI0477JWJ	 	USD	 	 	333,872.85	 	 	 	333,872.85	 	 	08-Apr-05	 	30-Jul-05	 	0	 	PEARL BUYING SERVICES  (PVT)  LTD	 	BANGLADESH
	IM436494/05
	 	TD605500060038-5	 	DOJI03972563JJ	 	USD	 	 	4,400,032.10	 	 	 	4,400,032.10	 	 	11-Apr-05	 	31-Jul-05	 	0	 	FORTUNELY INTERNATIONAL LTD	 	HONG KONG
	IM438042/05
	 	TD605500060117-5	 	DOJI04782624JJ	 	USD	 	 	1,040,811.43	 	 	 	1,040,811.43	 	 	13-Apr-05	 	18-Jul-05	 	0	 	FORTUNELY INTERNATIONAL LTD	 	HONG KONG
	IM438044/05
	 	TD605500060119-5	 	DOJI0480ME915	 	USD	 	 	313,994.13	 	 	 	313,994.13	 	 	13-Apr-05	 	21-Jul-05	 	0	 	HAIYANG LANSEN TEXTILES	 	CHINA
	IM438046/05
	 	TD605500060121-5	 	DOJI0482ME917	 	USD	 	 	4,287,229.50	 	 	 	4,287,229.50	 	 	13-Apr-05	 	21-Jul-05	 	0	 	KUK RIM LTD.	 	KOREA REPUBLIC
	IM438047/05
	 	TD605500060122-5	 	DOJI0483ME918	 	USD	 	 	647,219.06	 	 	 	647,219.06	 	 	13-Apr-05	 	21-Jul-05	 	0	 	M S EXEMPLARY COMPANY LTD.	 	BANGLADESH
	IM438048/05
	 	TD605500060123-5	 	DOJI0484ME919	 	USD	 	 	39,328.79	 	 	 	39,328.79	 	 	13-Apr-05	 	15-Jul-05	 	0	 	UNITEX FASHIONS (INDIA)  PVT. LTD.	 	INDIA
	IM438049/05
	 	TD605500060124-5	 	DOJI0485ME920	 	USD	 	 	72,648.60	 	 	 	72,648.60	 	 	13-Apr-05	 	14-Jun-05	 	0	 	FOREMOST INDIA	 	INDIA
	IM438050/05
	 	TD605500060125-5	 	DOJI0486ME921	 	USD	 	 	363,632.50	 	 	 	363,632.50	 	 	13-Apr-05	 	21-Jul-05	 	0	 	LIAONING CHENG DA ENTERPRISE CO.	 	CHINA
	IM438051/05
	 	TD605500060126-5	 	DOJI0487ME922	 	USD	 	 	51,353.50	 	 	 	51,353.50	 	 	13-Apr-05	 	21-Jul-05	 	0	 	XINRUN KNITTING COMPANY LTD.	 	HONG KONG
	IM438052/05
	 	TD605500060127-5	 	DOJI0488ME923	 	USD	 	 	30,937.50	 	 	 	30,937.50	 	 	13-Apr-05	 	06-Jul-05	 	0	 	INJAE TRADING COMPANY	 	HONG KONG
	IM438054/05
	 	TD605500060129-5	 	DOJI0490ME925	 	USD	 	 	150,040.89	 	 	 	150,040.89	 	 	13-Apr-05	 	21-Ju1-05	 	0	 	ALLIED EXPORT INDUSTRIES	 	INDIA
	IM438055/05
	 	TD605500060130-5	 	DOJI0491ME926	 	USD	 	 	212,460.50	 	 	 	212,460.50	 	 	13-Apr-05	 	15-Jul-05	 	0	 	MARAL OVERSEAS	 	INDIA
	IM438077/05
	 	TD605500060131-5	 	DOJI0492NC	 	USD	 	 	328,820.50	 	 	 	328,820.50	 	 	13-Apr-05	 	30-Jun-05	 	0	 	MONTROSE (FAR EAST) LIMITED	 	HONG KONG
	IM438067/05
	 	TD605500060132-5	 	DOJI0493CL	 	USD	 	 	215,957.05	 	 	 	215,957.05	 	 	13-Apr-05	 	30-Jun-05	 	0	 	KISH EXPORTS LIMITED	 	INDIA
	IM438068/05
	 	TD605500060133-5	 	DOJI0494BA	 	USD	 	 	329,466.41	 	 	 	329,466.41	 	 	13-Apr-05	 	06-Aug-05	 	0	 	PEARL BUYING SERVICES (PVT)  LTD	 	BANGLADESH
	IM438078/05
	 	TD605500060134-5	 	DOJI0495JWJ	 	USD	 	 	337,205.11	 	 	 	337,205.11	 	 	13-Apr-05	 	20-Jun-05	 	0	 	PEARL BUYING SERVICES (PVT)  LTD	 	BANGLADESH
	IM438079/05
	 	TD605500060135-5	 	DOJI0496AL	 	USD	 	 	109,878.48	 	 	 	109,878.48	 	 	13-Apr-05	 	18-Jun-05	 	0	 	SPRING STAR CO., LTD.	 	KOREA REPUBLIC
	IM438080/05
	 	TD605500060136-5	 	DOJI0497LL	 	USD	 	 	84,626.14	 	 	 	84,626.14	 	 	13-Apr-05	 	30-Jun-05	 	0	 	WIDEWAY (CHINA) LIMITED	 	HONG KONG
	IM438066/05
	 	TD605500060137-5	 	DOJI00498NM	 	USD	 	 	15,557.04	 	 	 	15,557.04	 	 	13-Apr-05	 	30-Jun-05	 	0	 	WIDEWAY (CHINA) LIMITED	 	HONG KONG
	IM438069/05
	 	TD605500060138-5	 	DOJI0499JW	 	USD	 	 	316,896.54	 	 	 	316,896.54	 	 	13-Apr-05	 	08-May-05	 	0	 	SKYLITE FASHION (HONG KONG) LTD.	 	HONG KONG
	IM438070/05
	 	TD605500060139-5	 	DOJI0500JW	 	USD	 	 	6,111.33	 	 	 	6,111.33	 	 	13-Apr-05	 	14-Jun-05	 	0	 	BUISHINE INTERNATIONAL CO., LTD	 	TAIWAN
	IM438081/05
	 	TD605500060140-5	 	DOJI0501AL	 	USD	 	 	37,304.05	 	 	 	37,304.05	 	 	13-Apr-05	 	08-Jun-05	 	0	 	HON FANG GARMENT INDUSTIRAL OF	 	TAIWAN
	IM438082/05
	 	TD605500060141-5	 	DOJI0502RR	 	USD	 	 	43,998.52	 	 	 	43,998.52	 	 	13-Apr-05	 	05-May-05	 	0	 	HAULEY KNITWEARS, LTD.	 	TAIWAN
	IM438071/05
	 	TDC05500060142-5	 	DOJI0503NC	 	USD	 	 	177,148.70	 	 	 	177,148.70	 	 	13-Apr-05	 	25-Jun-05	 	0	 	KOWATEX LIMITED	 	HONG KONG
	IM438083/05
	 	TD605500060143-5	 	DOJI0504LL	 	USD	 	 	9,093.20	 	 	 	9,093.20	 	 	13-Apr-05	 	16-May-05	 	0	 	WORLD FORTUNE INTERNATIONAL CO	 	BRIT.VIRGIN ISLAND
	IM438073/05
	 	TD605500060145-5	 	DOJI0506NM	 	USD	 	 	49,449.60	 	 	 	49,449.60	 	 	13-Apr-05	 	15-May-05	 	0	 	HON FANG GARMENT INDUSTIRAL COF	 	TAIWAN
	IM438084/05
	 	TD605500060146-5	 	DOJI0507BA	 	USD	 	 	45,718.44	 	 	 	45,718.44	 	 	13-Apr-05	 	15-Jun-05	 	0	 	HAE YANG KNITTING FACTORY, LTD.	 	KOREA REPUBLIC
	IM438085/05
	 	TD605500060147-5	 	DOJI0508NM	 	USD	 	 	44,791.87	 	 	 	44,791.87	 	 	13-Apr-05	 	23-Jun-05	 	0	 	HAE YANG KNITTING FACTORY, LTD.	 	KOREA REPUBLIC
	IM438086/05
	 	TD605500060148-5	 	DOJI0509NM	 	USD	 	 	7,735.68	 	 	 	7,735.68	 	 	13-Apr-05	 	23-Jun-05	 	0	 	HAE YANG KNITTING FACTORY, LTD.	 	KOREA REPUBLIC
	IM438087/05
	 	TD605500060149-5	 	DOJI0510NM	 	USD	 	 	8,200.80	 	 	 	8,200.80	 	 	13-Apr-05	 	30-Jun-05	 	0	 	HAE YANG KNITTING FACTORY, LTD.	 	KOREA  REPUBLIC
	IM438088/05
	 	TD605500060150-5	 	DOJI0511NM	 	USD	 	 	133,151.62	 	 	 	133,151.62	 	 	13-Apr-05	 	15-Jun-05	 	0	 	HAE YANG KNITTING FACTORY, LTD.	 	KOREA REPUBLIC
	IM438074/05
	 	TD605500060151-5	 	DOJI0512NM	 	USD	 	 	51,634.44	 	 	 	51,634.44	 	 	13-Apr-05	 	07-Jul 05	 	0	 	HAE YANG KNITTING FACTORY, LTD.	 	KOREA REPUBLIC
	1M438075/05
	 	TD605500060152-5	 	DOJI0513NM	 	USD	 	 	28,835.30	 	 	 	28,835.30	 	 	13-Apr-05	 	29-May-05	 	0	 	SEOHEUNG TRADING CO., LTD.	 	KOREA REPUBLIC
	IM438076/05
	 	TD605500060153-5	 	DOJI00514BA	 	USD	 	 	40,942.80	 	 	 	40,942.80	 	 	13-Apr-05	 	29-May-05	 	0	 	KOREA APPAREL CO., LTD.	 	KOREA REPUBLIC
	IM438043/05
	 	TD605500060118-5	 	DOJI0479ME914	 	USD	 	 	497,805.00	 	 	 	497,805.00	 	 	14-Apr-05	 	21-Jul-05	 	0	 	GRAND HING KNITTING FACTORY LTD.	 	HONG KONG
	IM438045/05
	 	TD605500060120-5	 	DOJI0481ME916	 	USD	 	 	922,120.23	 	 	 	922,120.23	 	 	14-Apr-05	 	15-Jul-05	 	0	 	MONTROSE MARKETING LTD.	 	SRI LANKA

 

 

	 	 	 	 	 

	
	 	Outstanding Report —
Import LC
	 	Report as of 11-May-05

Page 7 of 10

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Outstanding 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Lc Ref No 	 	CAR Ref 	 	Customer Ref 	 	Curr 	 	Balance 	 	 	USD Eqv 	 	 	Issue Date 	 	Expiry Date 	 	Tenor 	 	Beneficiary 	 	Ben Country 
	IM438053/05
	 	TD605500060128-5	 	DOJI0489ME924	 	USD	 	 	102,920.69	 	 	 	102,920.69	 	 	14-Apr-05	 	06-Jul-05	 	0	 	M  S  UNICON INTERNATIONAL (PVT)	 	PAKISTAN
	IM438209/05
	 	TD605500060154-5	 	DOJI0515NM	 	USD	 	 	205,074.57	 	 	 	205,074.57	 	 	14-Apr-05	 	27-Jun-05	 	0	 	DAE GU APPAREL COPRORATION	 	KOREA REPUBLIC
	IM438210/05
	 	TD605500060155-5	 	DOJI0516NM	 	USD	 	 	43,847.86	 	 	 	43,847.86	 	 	14-Apr-05	 	04-Jun-05	 	0	 	INJAE TRADING COMPANY	 	HONG KONG
	IM438211/05
	 	TD605500060150-5	 	DOJI0517NM	 	USD	 	 	107,641.01	 	 	 	107,641.01	 	 	14-Apr-05	 	25-Jun-05	 	0	 	GRAND HING KNITTING FACTORY LTD.	 	HONG KONG
	IM438213/05
	 	TD605500060158-5	 	DOJI0519NM	 	USD	 	 	1,947.08	 	 	 	1,947.28	 	 	14-Apr-05	 	29-May-05	 	0	 	SEOHEUNG TRADING CO. LTD	 	KOREA REPUBLIC
	IM438220/05
	 	TD605500060159-5	 	DOJI0520AL	 	USD	 	 	117,476.97	 	 	 	117,476.97	 	 	14-Apr-05	 	30-Jun-05	 	0	 	ALLIANCE MERCHANDISING P. LTD.	 	INDIA
	IM438221/05
	 	TD605500060160-5	 	DOJI0521NC	 	USD	 	 	13,957.12	 	 	 	13,957.12	 	 	14-Apr-05	 	04-May-05	 	0	 	ALLIANCE MERCHANDISING P. LTD.	 	INDIA
	IM438222/05
	 	TD605500060161 -5	 	DOJI0522NC	 	USD	 	 	37,431.45	 	 	 	37,431.45	 	 	14-Apr-05	 	01-Jun-05	 	0	 	ALLIANCE MERCHANDISING P. LTD.	 	INDIA
	IM438223/05
	 	TD605500060162-5	 	DOJI0523AL	 	USD	 	 	77,214.97	 	 	 	77,214.97	 	 	14-Apr-05	 	01-Jun-05	 	0	 	ALLIANCE MERCHANDISING P. LTD.	 	INDIA
	IM438224/05
	 	TD605500060163-5	 	DOJI0524BA	 	USD	 	 	70,556.46	 	 	 	70,556.46	 	 	14-Apr-05	 	01-Jun-05	 	0	 	ALLIANCE MERCHANDISING P. LTD.	 	INDIA
	IM438233/05
	 	TD605500060164-5	 	DOJI0525JWJ	 	USD	 	 	142,176.27	 	 	 	142,176.27	 	 	14-Apr-05	 	25-May-05	 	0	 	ALLIANCE MERCHANDISING P. LTD.	 	INDIA
	IM438225/05
	 	TD605500060165-5	 	DOJI0526BA	 	USD	 	 	58,409.99	 	 	 	58,409.99	 	 	14-Apr-05	 	15-May-05	 	0	 	ALLIANCE MERCHANDISING P. LTD.	 	INDIA
	IM438218/05
	 	TD605500060166-5	 	DOJI00527EP	 	USD	 	 	704.81	 	 	 	704.81	 	 	l4-Apr-05	 	15-May-05	 	0	 	PT UNGARAN SARI GARMENTS	 	INDONESIA
	IM438226/05
	 	TD605500060167-5	 	DOJI0528AL	 	USD	 	 	218,369.80	 	 	 	218,369.80	 	 	14-Apr-05	 	15-May-05	 	0	 	PT UNGARAN SARI GARMENTS	 	INDONESIA
	IM438219/05
	 	TD605500060168-5	 	DOJI00529JW	 	USD	 	 	4,713.11	 	 	 	4,713.11	 	 	14-Apr-05	 	15-May-05	 	0	 	PT UNGARAN SARI GARMENTS	 	INDONESIA
	IM438227/05
	 	TD605500060169-5	 	DOJI0530NM	 	USD	 	 	70,955,28	 	 	 	7 0,955.28	 	 	14-Apr-05	 	05-May-05	 	0	 	CHAMPION CITY INT'L CORP.	 	TAIWAN
	IM438228/05
	 	TD605500060170-5	 	DOJI0531JW	 	USD	 	 	13.60	 	 	 	13.60	 	 	14-Apr-05	 	07-May-05	 	0	 	AKIN TFKSTIL  AS	 	TURKEY
	IM438229/05
	 	TD605500060171 -5	 	DOJI0532RR	 	USD	 	 	90,598.80	 	 	 	90,598.80	 	 	l4-Apr-05	 	04-Jun-05	 	0	 	JAY ONE TRADING CORP.	 	KOREA REPUBLIC
	IM438230/05
	 	TD605500060172-5	 	DOJI0533RR	 	USD	 	 	55,383.10	 	 	 	55,383.10	 	 	14-Apr-05	 	31-May-05	 	0	 	YOUNGHWA TEXTILE CO. LTD.	 	KOREA REPUBLIC
	IM438231/05
	 	TD605500060173-5	 	DOJI0534CL	 	USD	 	 	232,462.76	 	 	 	232,462.76	 	 	14-Apr-05	 	06-Aug-05	 	0	 	PEARL BUYING SERVICES (PVT) LTD	 	BANGLADESH
	IM438232/05
	 	TD605500060174-5	 	DOJI0535BA	 	USD	 	 	124,412.46	 	 	 	124,412.46	 	 	14-Apr-05	 	06-Aug-05	 	0	 	PEARL BUYING SERVICES (PVT) LTD	 	BANGLADESH
	IM438212/05
	 	TD605500060157-5	 	DOJI0518BA	 	USD	 	 	388,834.91	 	 	 	388,834.91	 	 	15-Apr-05	 	03-May-05	 	0	 	HUXING INTERNATIONAL, INC. (NY)	 	UNITED STATES
	IM438657/05
	 	TD605500060175-5	 	DOJI05362632LN	 	USD	 	 	2,312,777.88	 	 	 	2,312,777.88	 	 	19-Apr-05	 	03-Aug-05	 	0	 	SAYTAZ INTERNATIONAL	 	BANGLADESH
	IM438798/05
	 	TD605500060176-5	 	DOJI05372647LN	 	USD	 	 	38,102.40	 	 	 	38,102.40	 	 	20-Apr-05	 	13-May-05	 	0	 	CROWN TEXTILE	 	PAKISTAN
	IM438939/05
	 	TD605500060177-5	 	DOJI05382635JJ	 	USD	 	 	21,420.00	 	 	 	21,420.00	 	 	21-Apr-05	 	14-Jun-05	 	0	 	SAN WAI GARMENT FACTORY	 	MACAO
	IM438940/05
	 	TD605500060178-5	 	DOJI05392636JJ	 	USD	 	 	46,305.00	 	 	 	46,305.00	 	 	21-Apr-05	 	21-Jun-05	 	0	 	GOLDTREND ENTERPRISES LTD	 	 
	IM438941/05
	 	TD605500060179-5	 	DOJI0540244JJ	 	USD	 	 	1,075,810.80	 	 	 	1,075,810.80	 	 	21-Apr-05	 	29-Aug-05	 	0	 	MING TAI KNITTING GARMENT FTY LTD	 	HONG KONG
	IM438942/05
	 	TD605500060180-5	 	DOJI0541ME927	 	USD	 	 	11,400.00	 	 	 	11,400.00	 	 	21-Apr-05	 	01-Jul-05	 	0	 	SONA GARMENTS	 	INDIA
	IM438944/05
	 	TD605500060182-5	 	DOJI0543ME929	 	USD	 	 	264,262.95	 	 	 	264,262.95	 	 	21-Apr-05	 	21-Jul-05	 	0	 	JRB HOWARD INTERNATIONAL CO.,LTD	 	TAIWAN
	IM438945/05
	 	TD605500060184-5	 	DOJI00544NM	 	USD	 	 	1,194,305.58	 	 	 	1,194,305.58	 	 	21-Apr-05	 	14-Jun-05	 	0	 	PYL APPAREL LIMITED	 	HONG KONG
	IM438946/05
	 	TD605500060185-5	 	DOJI0545AL	 	USD	 	 	264,233.65	 	 	 	264,233.65	 	 	21-Apr-05	 	14-Jun-05	 	0	 	PYL APPAREL LIMITED	 	HONG KONG
	IM438947/05
	 	TD605500060186-5	 	DOJI0546RR	 	USD	 	 	152,998.67	 	 	 	152,998.67	 	 	21-Apr-05	 	14-Jun-05	 	0	 	PYL APPAREL LIMITED	 	HONG KONG
	IM438948/05
	 	TD605500060187-5	 	DOJI0547LL	 	USD	 	 	419,481.75	 	 	 	419,481.75	 	 	21-Apr-05	 	14-Jun-05	 	0	 	PYL APPAREL LIMITED	 	HONG KONG
	IM438949/05
	 	TD605500060188-5	 	DOJI0548EP	 	USD	 	 	274,038.75	 	 	 	274,038.75	 	 	21-Apr-05	 	14-Jun-05	 	0	 	PYL APPAREL LIMITED	 	HONG KONG
	IM438950/05
	 	TD605500060189-5	 	DOJI0549CL	 	USD	 	 	327,515.70	 	 	 	327,515.70	 	 	21-Apr-05	 	14-Jun-05	 	0	 	PYL APPAREL LIMITED	 	HONG KONG
	IM438951/05
	 	TD605500060190-5	 	DOJI0550NM	 	USD	 	 	87,601.24	 	 	 	87,601.24	 	 	21-Apr-05	 	14-Jun-05	 	0	 	PYL APPAREL LIMITE	 	HONG KONG
	lM438952/05
	 	TD602200060191-5	 	DOJI0550JW	 	USD	 	 	293,002.85	 	 	 	293,002.85	 	 	21-Apr-05	 	14-Jan-05	 	0	 	PYL APPAREL LIMITED	 	HONG KONG
	IM438953/05
	 	TD605500060192 -5	 	DOJI0551BA	 	USD	 	 	815,807.59	 	 	 	815,807.59	 	 	21-Apr-05	 	14-Jun-05	 	0	 	PYL APPAREL LIMITED	 	HONG KONG
	IM438954/05
	 	TD605500060193-5	 	DOJI0552EP	 	USD	 	 	51,599.91	 	 	 	51,599.91	 	 	21-Apr-05	 	24-Jun-05	 	0	 	NOAH FABRIC NEW YORK	 	UNITED STATES
	IM438955/05
	 	TD605500060194-5	 	DOJI0553RR	 	USD	 	 	21,436.36	 	 	 	21,436.36	 	 	21-Apr-05	 	17-Jun-05	 	0	 	NOAH FABRIC NEW YORK	 	UNITED STATES
	IM438956/05
	 	TD605500060195 -5	 	DOJI0554NC	 	USD	 	 	13,750.50	 	 	 	13,750.50	 	 	21-Apr-05	 	01-Jul-05	 	0	 	NOAH FABRIC NEW YORK	 	UNITED STATES
	IM438957/05
	 	TD605500060196-5	 	DOJI0555NC	 	USD	 	 	610,363.33	 	 	 	610,363.33	 	 	21-Apr-05	 	14-Jun-05	 	0	 	PYL APPAREL LIMITED	 	HONG KONG
	IM438958/05
	 	TD605500060197-5	 	DOJI0556NC	 	USD	 	 	440,210.67	 	 	 	440,210.67	 	 	21-Apr-05	 	30-Aug-05	 	0	 	PEARL BUYING SERVICES (PVT) LTD	 	BANGLADESH
	IM438959/05
	 	TD605500060198-5	 	DOJI0557RR	 	USD	 	 	23,196.51	 	 	 	23,196.51	 	 	21-Apr-05	 	03-Jul-05	 	0	 	SKYLITE FASHION (HONG KONG) LTD	 	HONG KONG
	IM438960/05
	 	TD605500060199-5	 	DOJI0558JW	 	USD	 	 	920,954.43	 	 	 	920,954.43	 	 	21-Apr-05	 	30-Jun-05	 	0	 	SKYLITE FASHION (HONG KONG) LTD	 	HONG KONG

 

 

	 	 	 	 	 

	
	 	Outstanding Report — Import LC
	 	Report as of 11-May-05

Page 8 of 10

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Outstanding	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Lc Ref No	 	CAR Ref	 	Customer Ref	 	Curr	 	Balance	 	 	USD Eqv	 	 	Issue Date	 	Expiry Date	 	Tenor	 	Beneficiary	 	Ben Country
	IM438987/05
	 	TD605500060200-5	 	DOJI0559NM	 	USD	 	 	212,036.58	 	 	 	212 036 58	 	 	21-Apr-05	 	29-May-05	 	0	 	HUXING INTERNATIONAL, INC. (NY)	 	UNITED STATES
	IM438988/05
	 	TD605500060201-5	 	DOJI0560CL	 	USD	 	 	125,141.66	 	 	 	125,141.66	 	 	21-Apr-05	 	30-May-05	 	0	 	FUN YVES INERMAINAL COMPANY	 	TAIWAN
	IM438989/05
	 	TD605500060202-5	 	DOJI0561BA	 	USD	 	 	200,238.85	 	 	 	200,238.85	 	 	2l-Apr-05	 	30-May-05	 	0	 	HONG KONG SHUERTAI CO. LTD	 	HONG KONG
	IM438971/05
	 	TD605500060203-5	 	DOJI0562NM	 	USD	 	 	55,670.99	 	 	 	55,670.99	 	 	21-Apr-05	 	11-Jun-05	 	0	 	CK INT’L CORP	 	KOREA REPUBLIC
	IM438986/05
	 	TD605500060204-5	 	DOJI00563NM	 	USD	 	 	25,772.34	 	 	 	25,772.34	 	 	21-Apr-05	 	25-Jun-05	 	0	 	CK INT’L CORP	 	KOREA REPUBLIC
	IM438972/05
	 	TD605500060205-5	 	DOJI0564NM	 	USD	 	 	35,878.91	 	 	 	35,878.91	 	 	21-Apr-05	 	25-Jun-05	 	0	 	CK INT’L CORP	 	KOREA REPUBLIC
	IM438973/05
	 	TD605500060206-5	 	DOJ10565NM	 	USD	 	 	18,418.75	 	 	 	18,418.75	 	 	21-Apr-05	 	28-Jun-05	 	0	 	NINGBO FANHUA WOLLEN SWEATER C	 	CHINA
	IM438974/05
	 	TD605500060207-5	 	DOJI0566NM	 	USD	 	 	54,072.75	 	 	 	54,072.75	 	 	21-Apr-05	 	05-Jul-05	 	0	 	WANG HING KNITTING FACTORY LTD	 	HONG KONG
	IM438975/05
	 	TD605500060208-5	 	DOJI0567NM	 	USD	 	 	44,395.70	 	 	 	44,395.70	 	 	21-Apr-05	 	05-Jul-05	 	0	 	MING SHING TRADING LTD	 	HONG KONG
	IM438976/05
	 	TD605500060209-5	 	DOJI0568NM	 	USD	 	 	58,408.77	 	 	 	58 408 77	 	 	21-Apr-05	 	21-Jun-05	 	0	 	KING BEST INDUSTRIAL LTD.	 	HONG KONG
	IM438977/05
	 	TD605500060210-5	 	DOJI0569CL	 	USD	 	 	203,141.16	 	 	 	203,141.16	 	 	21-Apr-05	 	25 Jun-05	 	0	 	MING SHING TRADING LTD	 	HONG KONG
	IM438978/05
	 	TD605500060211-5	 	DOJI0570NC	 	USD	 	 	2,704.78	 	 	 	2,704.78	 	 	21-Apr-05	 	11-Jun-05	 	0	 	JAY ONE TRADING CORP	 	KOREA REPUBLIC
	IM438979/05
	 	TD605500060212-5	 	DOJI0571RR	 	USD	 	 	87,321.55	 	 	 	87,321.55	 	 	21-Apr-05	 	15-May-05	 	0	 	MERIMO LTD.	 	BANGLADESH
	IM438980/05
	 	TD605500060213-5	 	DOJI0572NM	 	USD	 	 	122,522.40	 	 	 	122,522.40	 	 	21-Apr-05	 	25-May-05	 	0	 	MERIM CORPORATION	 	KOREA REPUBLIC
	IM438981/05
	 	TD605500060214-5	 	DOJI0573JWJ	 	USD	 	 	61,413.75	 	 	 	61,413.75	 	 	21-Apr-05	 	05-Jun-05	 	0	 	GLOBAL P AND M INC.	 	UNITED STATES
	IM438982/05
	 	TD605500060215-5	 	DOJI0574JWJ	 	USD	 	 	19,281.60	 	 	 	19,281.60	 	 	21-Apr-05	 	15-Jun-05	 	0	 	TAECHANGE ENTERPRISE CO., LTD.	 	KOREA REPUBLIC
	IM438983/05
	 	TD605500060216-5	 	DOJI0575BA	 	USD	 	 	17,304.00	 	 	 	17,304.00	 	 	21-Apr-05	 	26-May-05	 	0	 	TAECHANGE ENTERPRISE CO., LTD.	 	KOREA REPUBLIC
	IM438984/05
	 	TD605500060217-5	 	DOJI0576CL	 	USD	 	 	17,448.20	 	 	 	17,448.20	 	 	21-Apr-05	 	12-Jun-05	 	0	 	CHANNEL FABRICS INC.	 	UNITED STATES
	IM438985/05
	 	TD605500060218-5	 	DOJI0577NC	 	USD	 	 	408,590.49	 	 	 	408,590.49	 	 	21-Apr-05	 	06 Aug 05	 	0	 	PEARL BUYING SERVICES  (PVT)  LTD	 	BANGLADESH
	IM438943/05
	 	TD605500060181-5	 	DOJI0542ME928	 	USD	 	 	314,446.43	 	 	 	314,446.43	 	 	22-Apr-05	 	21-Jul-05	 	0	 	YAW CHING ENTERPRISES COMPANY	 	TAIWAN
	IM439480/05
	 	TD605500060219-5	 	DOJI05782614JJ	 	USD	 	 	103,556.25	 	 	 	103,556.25	 	 	27-Apr 05	 	14-Jun-05	 	0	 	TACTICIAN IND CO   LTD	 	TAIWAN
	IM439481/05
	 	TD605500060220-5	 	DOJI00579EP	 	USD	 	 	118,322.65	 	 	 	118,322.65	 	 	27-Apr-05	 	15-Jun-05	 	0	 	HAE YANG KNITTING FACTORY, LTD	 	KOREA REPUBLIC
	IM439545/05
	 	TD605500060252-5	 	DOJI0611CL	 	USD	 	 	121,903.06	 	 	 	121,903.06	 	 	27-Apr-05	 	14-Jun-05	 	0	 	I ONE TRADE CO.,  LTD.	 	KOREA REPUBLIC
	IM439482/05
	 	TD605500060221-5	 	DOJI00580EP	 	USD	 	 	24,108.11	 	 	 	24,108.11	 	 	28-Apr-05	 	14-Jun-05	 	0	 	GRAND HING KNITTING FACTORY LTD.	 	HONG KONG
	IM439516/05
	 	TD605500060222-5	 	DOJI0581EP	 	USD	 	 	62,632.08	 	 	 	62,632.08	 	 	28-Apr-05	 	08-Jul-05	 	0	 	LIAONING CHENG DA   ENTERPRISE CO.	 	CHINA
	IM439530/05
	 	TD605500060223-5	 	DOJI0582JWJ	 	USD	 	 	117,030.31	 	 	 	117,030.31	 	 	28-Apr-05	 	29-May-05	 	0	 	KOREA APPAREL CO.,  LTD.	 	KOREA REPUBLIC
	IM439517/05
	 	TD605500060224-5	 	DOJI0583AL	 	USD	 	 	71,751.49	 	 	 	71,751.49	 	 	28-Apr-05	 	08-Jul-05	 	0	 	HAE YANG KNITTING FACTORY, LTD.	 	KOREA REPUBLIC
	IM439531/05
	 	TD605500060225-5	 	DOJ10584AL	 	USD	 	 	121,151.52	 	 	 	121,151.52	 	 	28-Apr-05	 	04-Jun-05	 	0	 	INJAE TRADING COMPANY	 	HONG KONG
	IM439532/05
	 	TD605500060226-5	 	DOJI0585AL	 	USD	 	 	45,496.08	 	 	 	45,496.08	 	 	28-Apr-05	 	25-Jun-15	 	0	 	INJAE TRADING COMPANY	 	HONG KONG
	IM439518/05
	 	TD605500060227-5	 	DOJI0586LL	 	USD	 	 	81,382.54	 	 	 	81,382.51	 	 	28-Apr-05	 	29-May-5	 	0	 	KOREA APPAREL CO   LTD	 	KOREA REPUBLIC
	IM439519/05
	 	TD605500060228-5	 	DOJI0587AL	 	USD	 	 	44,737.20	 	 	 	44,737.20	 	 	28-Apr-05	 	04-Jun-05	 	0	 	INJAE TRADING COMPANY	 	HONC KONG
	IM439520/05
	 	TD605500060229-5	 	DOJI0588AL	 	USD	 	 	41,616.00	 	 	 	41,616.00	 	 	28-Apr-05	 	04-Jun-05	 	0	 	CK INTL CORP	 	KOREA REPUBLIC
	IM439533/05
	 	TD605500060230-5	 	DOJI0589AL	 	USD	 	 	42,521.15	 	 	 	42,521.15	 	 	28-Apr-05	 	01-Jul-05	 	0	 	CK  INT’L CORP	 	KOREA REPUBLIC
	IM439521/05
	 	TD605500060231-5	 	DOJI0590NC	 	USD	 	 	37,507.44	 	 	 	37,507.44	 	 	28-Apr-05	 	08-Jul-05	 	0	 	HAE YANG KNITTING FACTORY, LTD.	 	KOREA REPUBLIC
	IM439515/05
	 	TD605500060232-5	 	DOJI00591NC	 	USD	 	 	8,555.76	 	 	 	8,555.76	 	 	28-Apr-05	 	19-Jun-05	 	0	 	KOREA APPAREL CO.,  LTD.	 	KOREA REPUBLIC
	IM439534/05
	 	TD605500060233-5	 	DOJI0592NC	 	USD	 	 	64,433.40	 	 	 	64,433.40	 	 	28-Apr-05	 	14-Jun-05	 	0	 	KOREA APPAREL CO.,  LTD.	 	KOREA REPUBLIC
	IM439522/05
	 	TD605500060234-5	 	DOJI0593NC	 	USD	 	 	148,953.86	 	 	 	148,953.86	 	 	28-Apr-05	 	29-May-05	 	0	 	SEOHEUNG TRADING CO.,  LTD.	 	KOREA REPUBLIC
	IM439523/05
	 	TD605500060235-5	 	DOJI0534NC	 	USD	 	 	36,097.19	 	 	 	36,097 19	 	 	28-Apr-05	 	19-Jun-05	 	0	 	SEOHEUNG TRADING CO. , LTD	 	KOREA REPUBLIC
	IM439524/05
	 	TD605500060236-5	 	DOJI0595JW	 	USD	 	 	44,528.51	 	 	 	44,528.51	 	 	28-Jun-05	 	04-Jun-05	 	0	 	LIAONING CHENG DA ENTERPRISE  CO.	 	CHINA
	IM439525/05
	 	TD605500000237-5	 	DOJI0596JW	 	USD	 	 	44,937.02	 	 	 	44,937.02	 	 	28-Apr-05	 	04-Jun-05	 	0	 	GRAND HING   KNITTING FACTORY LTD	 	HONG KONG
	IM439526/05
	 	TD605500060238-5	 	DOJI0597NC	 	USD	 	 	73,149.30	 	 	 	73,149.30	 	 	28-Apr-05	 	02 Jul-05	 	0	 	CK INT’L CORP	 	KOREA REPUBLIC
	IM439527/05
	 	TD605500060239-5	 	DOJI0598EP	 	USD	 	 	14,227.98	 	 	 	14,227.98	 	 	28-Apr-05	 	01-Jul-05	 	0	 	CK INT’L CORP	 	KOREA REPUBLIC
	IM439536/05
	 	TD605500060241-5	 	DOJI0600JWJ	 	USD	 	 	2,781.00	 	 	 	2,781.00	 	 	28-Apr-05	 	04-Jun-05	 	0	 	JAY ONE TRADING CORP.	 	KOREA REPUBLIC
	IM439537/05
	 	TD605500060242-5	 	DOJI0601BA	 	USD	 	 	39,490.20	 	 	 	39,490.20	 	 	28-Apr-05	 	04-Jun-05	 	0	 	JAY ONE TRADING CORP.	 	KOREA REPUBLIC
	IM439538/05
	 	TD605500060243-5	 	DOJI0602CL	 	USD	 	 	42,518.40	 	 	 	42,518.40	 	 	28-Apr-05	 	06-Jul-05	 	0	 	REALTY TEXTILES CO., LTD.	 	HONG KONG

 

 

     

	 	 	 	 	 
	

	 	Outstanding Report —
Import LC 
	 	Report as of 11-May-05

Page 9 of 10

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Outstanding 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Lc Ref No 	 	CAR Ref 	 	Customer Ref 	 	Curr 	 	Balance 	 	 	USD Eqv 	 	 	Issue Date 	 	Expiry Date 	 	Tenor 	 	Beneficiary 	 	Ben Country 
	IM439539/05
	 	TD605500060244-5	 	DOJI0603ME930	 	USD	 	 	39,300.00	 	 	 	39,300.00	 	 	28-Apr-05	 	15-Jul-05	 	0	 	GO GO INTERNATIONAL	 	INDIA
	IM439540/05
	 	TD605500060245-5	 	DOJI0604NM	 	USD	 	 	69,029.62	 	 	 	69,029.62	 	 	28-Apr-05	 	25-May-05	 	0	 	CHARTER ACE COMPANY LIMITED	 	 
	IM439541/05
	 	TD605500060246-5	 	DOJIC605NM	 	USD	 	 	33,937.85	 	 	 	33,937.85	 	 	28-Apr-05	 	25-Jun-05	 	0	 	FUN YVES INTERNATIONAL COMPANY	 	TAIWAN
	IM439542/05
	 	TD605500060247-5	 	DOJI0606CL	 	USD	 	 	197,756.78	 	 	 	197,756.78	 	 	28-Apr-05	 	21-Jun-05	 	0	 	FUN YVES INTERNATIONAL COMPANY	 	TAIWAN
	IM439528/05
	 	TD605500060248-5	 	DOJI0607BA	 	USD	 	 	36,221.22	 	 	 	36,221.22	 	 	28-Apr-05	 	08-Jun-05	 	0	 	HON FANG CARMENT INDUSTIRAL COF	 	TAIWAN
	IM439543/05
	 	TD605500060249-5	 	DOJI0608NM	 	USD	 	 	32,419.78	 	 	 	32,419.78	 	 	28-Apr-05	 	23-Jun-05	 	0	 	CHARTER ACE COMPANY LIMITED	 	 
	IM439529/05
	 	TD605500060250-5	 	DOJI0609NM	 	USD	 	 	100,245.60	 	 	 	100,245.60	 	 	28-Apr-05	 	05-Jun-05	 	0	 	HUXING INTERNATIONAL, INC.(NY)	 	UNITED STATES
	IM439544/05
	 	TD605500060251-5	 	DOJI0610CL	 	USD	 	 	55,255.44	 	 	 	55,255.44	 	 	28-Apr-05	 	30-May-05	 	0	 	I ONE TRADE CO., LTD.	 	KOREA REPUBLIC
	IM439704/05
	 	TD605500060253-5	 	DOJI0612NC	 	USD	 	 	107,884.78	 	 	 	107,884.78	 	 	28-Apr-05	 	20-Jun-05	 	0	 	WORLD FORTUNE INTERNATIONAL CO	 	BRIT.VIRGIN ISLAND
	IM439535/05
	 	TD605500060240-5	 	DOJI0599JW	 	USD	 	 	13,724.10	 	 	 	13,724.10	 	 	29-Apr-05	 	05-Jul-05	 	0	 	CK INT’L CORP	 	KOREA REPUBLIC
	IM439835/05
	 	TD605500060254-5	 	DOJI06132650JJ	 	USD	 	 	898,251.67	 	 	 	898,251.67	 	 	29-Apr-05	 	01-Aug-05	 	0	 	SKY EASY - HONG KONG- LIMITED	 	HONG KONG
	IM439836/05
	 	TD605500060255-5	 	DOJI06142658LN	 	USD	 	 	127,482.89	 	 	 	127,482.89	 	 	29-Apr-05	 	14-Jun-05	 	0	 	SHANGHAI BUNNINGS INTERNATIONAL	 	CHINA
	IM440363/05
	 	TD605500060259-5	 	DOJI06182652LN	 	USD	 	 	53,298.67	 	 	 	53,298.67	 	 	05-May-05	 	30-Jun-05	 	0	 	RARE VON INDIEN	 	INDIA
	IM440364/05
	 	TD605500060260-5	 	DOJI06192659LN	 	USD	 	 	15,727.48	 	 	 	15,727.48	 	 	05-May-05	 	11-Jun-05	 	0	 	SMART WEAR INTERNATIONAL	 	PAKISTAN
	IM440365/05
	 	TD605500060261-5	 	DOJI0602561LN	 	USD	 	 	129,634.15	 	 	 	129,634.15	 	 	05-May-05	 	30-May-05	 	0	 	SHANGHAI EVER BRIGHT TOWN CO. LT	 	CHINA
	IM440381/05
	 	TD605500060262-5	 	DOJI0621ME931	 	USD	 	 	50,212.50	 	 	 	50,212.50	 	 	05-May-05	 	21-Jul-05	 	0	 	HAIYAN WELCOME TEXTILE INDUSTRY	 	CHINA
	IM440389/05
	 	TD605500060263-5	 	DOJI0622ME932	 	USD	 	 	27,060.00	 	 	 	27,060.00	 	 	05-May-05	 	06-Jul-05	 	0	 	M S MAHAVIR INTERNATIONAL PVT LTD	 	INDIA
	IM440383/05
	 	TD605500060265-5	 	DOJI0624ME934	 	USD	 	 	239,820.83	 	 	 	239,820.83	 	 	05-May-05	 	20-Aug-05	 	0	 	HAIYANG LANSEN TEXTILES	 	CHINA
	IM440384/05
	 	TD605500060266-5	 	DOJI0625ME935	 	USD	 	 	267,195.12	 	 	 	267,195.12	 	 	05-May-05	 	04-Aug-05	 	0	 	MONTROSE MARKETING LTD.	 	SRI LANKA
	IM440385/05
	 	TD605500060267-5	 	DOJI0626ME936	 	USD	 	 	2,793,231.12	 	 	 	2,793,231.12	 	 	05-May-05	 	21-Aug-05	 	0	 	KUK RIM LTD.	 	KOREA REPUBLIC
	IM440386/05
	 	TD605500060268-5	 	DOJI0627ME937	 	USD	 	 	104,671.40	 	 	 	104,671.40	 	 	05-May-05	 	15-Jul-05	 	0	 	ULUDAG TEKSTIL KONFEKSIYON GIYIM	 	TURKEY
	IM440585/05
	 	TD605500060269-5	 	DOJI0628JWJ	 	USD	 	 	458,449.30	 	 	 	458,449.30	 	 	06-May-05	 	14-Aug-05	 	0	 	SPRING STAR CO., LTD.	 	KOREA REPUBLIC
	IM440586/05
	 	TD605500060270-5	 	DOJI0629NC	 	USD	 	 	178,517.85	 	 	 	178,517.85	 	 	06-May-05	 	25-Jun-05	 	0	 	NJU INTERNATIONAL DEVELOPING CO	 	TAIWAN
	IM440587/05
	 	TD605500060271-5	 	DOJI0630NC	 	USD	 	 	47,484.47	 	 	 	47,484.47	 	 	06-May-05	 	30-Jun-05	 	0	 	CHARTER ACE COMPANY LIMITED	 	 
	IM440588/05
	 	TD605500060272-5	 	DOJI0631LL	 	USD	 	 	22,197.85	 	 	 	22,197.85	 	 	06-May-05	 	08-Jun-05	 	0	 	HUALEY KNITWEARS LTD	 	TAIWAN
	IM440589/05
	 	TD605500060273-5	 	DOJI0632LL	 	USD	 	 	41,017.77	 	 	 	41,017.77	 	 	06-May-05	 	02-Jul-05	 	0	 	HUALEY KNITWEARS LTD	 	TAIWAN
	IM440590/05
	 	TD605500060274-5	 	DOJI0633EP	 	USD	 	 	71,123.87	 	 	 	71,123.87	 	 	28-May-05	 	28-Jul-05	 	0	 	FUN YVES INTERNATIONAL COMPANY	 	TAIWAN
	IM440591/05
	 	TD605500060275-5	 	DOJI0634AL	 	USD	 	 	22,304.24	 	 	 	22,304.24	 	 	06-May-05	 	14-Jun-05	 	0	 	FUN YVES INTERNATIONAL COMPANY	 	TAIWAN
	IM440592/05
	 	TD605500060276-5	 	DOJI0635NM	 	USD	 	 	141,457.68	 	 	 	141,457.68	 	 	06-May-05	 	08-Jun-05	 	0	 	HON FANG GARMENT INDUSTIRAL COF	 	TAIWAN
	IM440593/05
	 	TD605500060277-5	 	DOJI0636RR	 	USD	 	 	10,737.54	 	 	 	10,737.54	 	 	06-May-05	 	05-Jul-05	 	0	 	KING BEST INDUSTRIAL LTD.	 	HONG KONG
	IM440594/05
	 	TD605500060278-5	 	DOJI0637EP	 	USD	 	 	37,515.19	 	 	 	37,515.19	 	 	06-May-05	 	05-Jul-05	 	0	 	WANG HING KNITTING FACTORY LTD.	 	HONG KONG
	IM440595/05
	 	TD605500060279-5	 	DOJI0638RR	 	USD	 	 	169,038.07	 	 	 	169,038.07	 	 	06-May-05	 	18-Jun-05	 	0	 	NINGBO FANHUA WOLLEN SWEATER C	 	CHINA
	IM440596/05
	 	TD605500060280-5	 	DOJI0639JW	 	USD	 	 	24,159.72	 	 	 	24,159.72	 	 	06-May-05	 	21-Jun-05	 	0	 	KING BEST INDUSTRIAL LTD.	 	HONG KONG
	IM440597/05
	 	TD605500060281-5	 	DOJI0640NC	 	USD	 	 	6,381.94	 	 	 	6,381.94	 	 	06-May-05	 	05-Jun-05	 	0	 	HONG KONG SHUERTAI CO. LTD.	 	HONG KONG
	IM440598/05
	 	TD605500060282-5	 	DOJI0641NC	 	USD	 	 	8,519.04	 	 	 	8,519.04	 	 	06-May-05	 	03-Jul-05	 	0	 	HONG KONG SHUERTAI CO. LTD.	 	HONG KONG
	IM440599/05
	 	TD605500060283-5	 	DOJI0642NC	 	USD	 	 	100,525.90	 	 	 	100,525.90	 	 	06-May-05	 	03-Jul-05	 	0	 	HONG KONG SHUERTAI CO. LTD.	 	HONG KONG
	IM440600/05
	 	TD605500060284-5	 	DOJI0643NC	 	USD	 	 	226,774.15	 	 	 	226,774.15	 	 	06-May-05	 	03-Jul-05	 	0	 	HONG KONG SHUERTAI CO. LTD.	 	HONG KONG
	IM440601/05
	 	TD605500060285-5	 	DOJI0644LL	 	USD	 	 	89,227.15	 	 	 	89,227.15	 	 	06-May-05	 	26-Jun-05	 	0	 	HONG KONG SHUERTAI CO. LTD	 	HONG KONG
	IM440602/05
	 	TD605500060286-5	 	DOJI0645LL	 	USD	 	 	3,366.00	 	 	 	3,366.00	 	 	06-May-05	 	05-Jun-05	 	0	 	HONG KONG SHUERTAI CO. LTD	 	HONG KONG
	IM440614/05
	 	TD605500060287-5	 	DOJI00646NM	 	USD	 	 	35,298.10	 	 	 	35,298.10	 	 	06-May-05	 	15-Jun-05	 	0	 	JAY ONE TRADING CORP.	 	KOREA REPUBLIC
	IM440603/05
	 	TD605500060288-5	 	DOJI0648LL	 	USD	 	 	29,046.00	 	 	 	29,046.00	 	 	06-May-05	 	20-Jun-05	 	0	 	WORLD FORTUNE INTERNATIONAL CO	 	BRIT.VIRGIN ISLAND
	IM440604/05
	 	TD605500060289-5	 	DOJI0649LL	 	USD	 	 	13,029.50	 	 	 	13,029.50	 	 	06-May-05	 	10-Jun-05	 	0	 	WORLD FORTUNE INTERNATIONAL CO	 	BRIT.VIRGIN ISLAND
	IM440605/05
	 	TD605500060290-5	 	DOJI0650NM	 	USD	 	 	33,001.20	 	 	 	33,001.20	 	 	06-May-05	 	06-Jun-05	 	0	 	MOTONG TEXTILE CO LTD	 	TAIWAN
	IM440606/05
	 	TD605500060291-5	 	DOJI0651NM	 	USD	 	 	181,577.46	 	 	 	181,577.46	 	 	06-May-05	 	22-Aug-05	 	0	 	PEARL BUYING SERVICES (PVT) LTD	 	BANGLADESH
	IM440607/05
	 	TD605500060292-5	 	DOJI0652NC	 	USD	 	 	60,564.00	 	 	 	60,564.00	 	 	06-May-05	 	26-Jun-05	 	0	 	WORLD FORTUNE INTERNATIONAL CO	 	BRIT. VIRGIN ISLAND

 

 

     

	 	 	 	 	 
	

	 	Outstanding Report —
Import LC
	 	Report as of 11-May-05

Page 10 of 10

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Outstanding 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Lc Ref No 	 	CAR Ref 	 	Customer Ref 	 	Curr 	 	Balance 	 	 	USD Eqv 	 	 	Issue Date 	 	Expiry Date 	 	Tenor 	 	Beneficiary 	 	Ben Country 
	IM440608/05
	 	TD605500060293-5	 	DOJI0653EP	 	USD	 	 	32,445.00	 	 	 	32,445.00	 	 	06-May-05	 	26-Jun-05	 	0	 	WORLD FORTUNE INTERNATIONAL CO	 	BRIT VIRGIN ISLAND
	JM440609/05
	 	TD605500060294-5	 	DOJI0654NC	 	USD	 	 	32,187.50	 	 	 	32,187.50	 	 	06-May-05	 	01-Jul-05	 	0	 	WORLD FORTUNE INTERNATIONAL CO	 	BRIT VIRGIN ISLAND
	IM440610/05
	 	TD605500060295-5	 	DOJI0655NC	 	USD	 	 	18,879.90	 	 	 	18.879.90	 	 	06-May-05	 	26-Jun-05	 	0	 	WORLD FORTUNE INTERNATIONAL CO	 	BRIT.VIRGIN ISLAND
	IM440612/05
	 	TD605500060297-5	 	DOJI0657BA	 	USD	 	 	6,724.66	 	 	 	6,724.66	 	 	06-May-05	 	25-May-05	 	0	 	JACK TAN	 	HONG KONG
	IM440613/05
	 	TD605500060298-5	 	DOJI0658BA	 	USD	 	 	6,086.34	 	 	 	6,086.34	 	 	06-May-05	 	30-May-05	 	0	 	JACK TAN	 	HONG KONG
	IM440617/05
	 	TD605500060299-5	 	DOJI0659NM	 	USD	 	 	334,335.60	 	 	 	334,335.60	 	 	06-May-05	 	09-Jun-05	 	0	 	JACK TAN	 	HONG KONG
	IM440618/05
	 	TD605500060300-5	 	DOJI0660BA	 	USD	 	 	216,036.82	 	 	 	216,036.82	 	 	06-May-05	 	09-Aug-05	 	0	 	HONG KONG SHUERTAI CO. LTD	 	HONG KONG
	IM440619/05
	 	TD605500060301-5	 	DOJI0661NM	 	USD	 	 	48,837.60	 	 	 	48,837.60	 	 	06-May-05	 	25-May-05	 	0	 	SEJEE COMPANY LTD	 	HONG KONG
	IM440620/05
	 	TD605500060302-5	 	DOJI0662NM	 	USD	 	 	37,203.60	 	 	 	37,203.60	 	 	06-May-05	 	16-Jul-05	 	0	 	REALTY TEXTILES CO., LTD	 	HONG KONG
	IM440616/05
	 	TD605500060304-5	 	DOJI00664NM	 	USD	 	 	23,896.00	 	 	 	23,896.00	 	 	06-May 05	 	15-Jun-05	 	0	 	BNS INC.	 	KOREA REPUBLIC
	IM440360/05
	 	TD605500060256-5	 	DOJI06152678JJ	 	USD	 	 	94,760.00	 	 	 	94,760.00	 	 	09-May-05	 	30-Jun-05	 	0	 	BL GARMENT MFG	 	MADAGASCAR
	IM440361/05
	 	TD605500060257-5	 	DOJI06162677JJ	 	USD	 	 	46,692.99	 	 	 	46,692.99	 	 	09-May-05	 	05 Jul-05	 	0	 	EZ. CO, LTD	 	TAIWAN
	IM440362/05
	 	TD605500060258-5	 	DOJI06172676JJ	 	USD	 	 	40,116.44	 	 	 	40,116.44	 	 	09-May-05	 	14-Jun-05	 	0	 	E.Z. CO. LTD.	 	TAIWAN
	IM440611/05
	 	TD605500060296-5	 	DOJI0656BA	 	USD	 	 	75,396.00	 	 	 	75,396.00	 	 	09-May-05	 	15-Jul-05	 	0	 	NOAH FABRIC NEW YORK	 	UNITED STATES
	IM440621/05
	 	TD605500060303-5	 	DOJI0663NM	 	USD	 	 	50,490.60	 	 	 	50,490.60	 	 	09-May-05	 	11-Jul-05	 	0	 	REALTY TEXTILES CO., LTD.	 	HONG KONG
	IM440382/05
	 	TD605500060264-5	 	DOJI0623ME933	 	USD	 	 	288,848.95	 	 	 	288,848.95	 	 	10-May-05	 	20-Aug-05	 	0	 	GRAND HING KNITTING FACTORY LTD.	 	HONG KONG
	IM441082/05
	 	TD605500060305-5	 	DOJI0655LL	 	USD	 	 	42,307.25	 	 	 	42,307.25	 	 	11-May-05	 	18-Jun-05	 	0	 	JINGSU INTERNATIONAL TRADING CO.	 	HONG KONG
	IM441083/05
	 	TD605500060306-5	 	DOJI0666RR	 	USD,	 	 	21,753.60	 	 	 	21,753.60	 	 	11-May-05	 	05-Jun-05	 	0	 	JAY ONE TRADING CORP	 	KOREA REPUBLIC

 

 

     

Outstanding Import Letters of Credit by Citibank LC Reference

	 	 	 	 	 	 	 

	Customer Base Number

	 	 949148
	 	Branch Code
	 	 712
	Customer Name

	 	KASPER ASL LTD
	 	Branch Name
	 	HONG KONG CITIBANK

	 	 	 	 	 	 	 	 	 	 	 
	Citibank LC Reference	 	Exporter Name	 	Tenor Type	 	Issuance Date	 	Original Amount
	Importer LC Reference	 	Exporter Country	 	Tenor Terms	 	Expiry Date	 	Outstanding Amount
	5814556070
	 	HYUNJIN APPAREL CO., LTD.	 	Sight	 	12/29/2004	 	252,025.26 USD
	1257 JEV34RJ2
	 	REPUBLIC OF KOREA	 	 	 	05/03/2005	 	1.00 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5814556081
	 	CHINA UNION (CASHMERE) INTL  GROUP	 	Sight	 	01/03/2005	 	5,061,771.00 USD
	1268JK4263
	 	HONG KONG	 	 	 	07/27/2005	 	5,061,771.00 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554682
	 	HEMPEL CHINA LIMITED	 	Sight	 	01/12/2005	 	201,896.24 USD
	0033JK4265
	 	PEOPLE’S REPUBLIC OF CHINA	 	 	 	05/03/2005	 	1.00 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554713
	 	JINSE CO., LTD.	 	Sight	 	01/13/2005	 	42,555.18 USD
	0064CHR0107
	 	REPUBLIC OF KOREA	 	 	 	06/04/2005	 	124,405.68 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554714
	 	SEOKJIN CO., LTD.	 	Sight	 	01/13/2005	 	16,572.00 USD
	0065AKNY0103EU
	 	REPUBLIC OF KOREA	 	 	 	05/28/2005	 	20,362.56 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554804
	 	SEOKJIN CO., LTD.	 	Sight	 	02/02/2005	 	76,617.64 USD
	0156AKNY0126
	 	REPUBLIC OF KOREA	 	 	 	05/29/2005	 	238,078.63 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554873
	 	KWIN HING KNITTING FACTORY LTD..	 	Sight	 	02/18/2005	 	135,862.26 USD
	0225JK5093
	 	HONG KONG	 	 	 	04/30/2005	 	31,040.20 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554883
	 	TAI FUNG TEXTILES CO., LTD	 	Sight	 	02/21/2005	 	87,891.50 USD
	0235AC00415
	 	HONG KONG	 	 	 	05/12/2005	 	4,240.61 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554884
	 	TAI FUNG TEXTILES CO., LTD	 	Sight	 	02/21/2005	 	81,729.50 USD
	0236AC00416
	 	HONG KONG	 	 	 	05/27/2005	 	5,007.32 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554895
	 	OPIFICIO TESSILE	 	Sight	 	02/24/2005	 	24,735.00 USD
	0247AC00419
	 	ITALIAN REPUBLIC	 	 	 	05/05/2005	 	0.00 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554921
	 	A.O. TEXTILE INC.	 	Sight	 	03/09/2005	 	35,500.00 USD
	0273AL00481
	 	UNITED STATES OF AMERICA	 	 	 	05/02/2005	 	0.00 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554928
	 	HEMPEL CHINA LIMITED	 	Sight	 	03/09/2005	 	47,774.96 USD
	0280JK5131
	 	PEOPLE’S REPUBLIC OF CHINA	 	 	 	06/04/2005	 	33,792.24 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554930
	 	HANSAE CO., LTD.	 	Sight	 	03/09/2005	 	70,030.46 USD
	0282JEV25JE1
	 	REPUBLIC OF KOREA	 	 	 	05/05/2005	 	111,134.96 USD

	 	 	 	 	 

	Report Date 05/12/2005 08:07:10 (EDT)

	 	DAILY OUTSTANDING
	 	1 of 17

 

 

     

Outstanding Import Letters of Credit by Citibank LC Reference

	 	 	 	 	 	 	 

	Customer Base Number

	 	 949148
	 	Branch Code
	 	 712
	Customer Name

	 	KASPER ASL LTD
	 	Branch Name
	 	HONG KONG CITIBANK

	 	 	 	 	 	 	 	 	 	 	 
	Citibank LC Reference	 	Exporter Name	 	Tenor Type	 	Issuance Date	 	Original Amount
	Importer LC Reference	 	Exporter Country	 	Tenor Terms	 	Expiry Date	 	Outstanding Amount
	5815554932
	 	HANSAE CO., LTD.	 	Sight	 	03/09/2005	 	121,231.66 USD
	0284JEV033AA
	 	REPUBLIC OF KOREA	 	 	 	05/29/2005	 	293,648.81 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554936
	 	DO DO FAHSION LTD.	 	Sight	 	03/11/2005	 	332,348.36 USD
	0288DD012/05
	 	HONG KONG	 	 	 	05/09/2005	 	822,237.60 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554938
	 	PT CITRAABADI SEJATI.	 	Sight	 	03/11/2005	 	99,276.46 USD
	0290JK5139
	 	REPUBLIC OF INDONESIA	 	 	 	05/02/2005	 	67,910.62 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554943
	 	UNIMIX LTD.	 	Sight	 	03/11/2005	 	93,286.64 USD
	0295JK5112
	 	HONG KONG	 	 	 	04/30/2005	 	156,029.88 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554946
	 	CHINA TING GARMENT MFG(GROUP)LTD.,,	 	Sight	 	03/11/2005	 	717,094.82 USD
	0298JK5103
	 	HONG KONG	 	 	 	04/30/2005	 	230,802.22 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554950
	 	HEMPEL CHINA LIMITED	 	Sight	 	03/11/2005	 	38,835.68 USD
	0302JK5127
	 	PEOPLE’S REPUBLIC OF CHINA	 	 	 	06/04/2005	 	38,835.68 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554952
	 	JEANLY (HK) LTD.	 	Sight	 	03/11/2005	 	16,886.76 USD
	0304JK5108
	 	HONG KONG	 	 	 	05/30/2005	 	16,886.76 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554953
	 	FORNTON KNITTING CO LTD..	 	Sight	 	03/11/2005	 	188,866.85 USD
	0305JK5095
	 	HONG KONG	 	 	 	05/04/2005	 	188,866.85 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554956
	 	HANSAE CO., LTD.	 	Sight	 	03/11/2005	 	244,814.88 USD
	0308JEV26JE1
	 	REPUBLIC OF KOREA	 	 	 	05/22/2005	 	453,726.32 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554957
	 	JIN YOUNG INDUSTRIAL CO., LTD..	 	Sight	 	03/11/2005	 	35,377.68 USD
	0309SH0303
	 	REPUBLIC OF KOREA	 	 	 	05/11/2005	 	35,377.68 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554960
	 	AUTOMOBILE FASHIONS CO., LTD.	 	Sight	 	03/17/2005	 	79,524.22 USD
	0312JK5113
	 	HONG KONG	 	 	 	05/15/2005	 	79,524.22 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554961
	 	LAI KO KNITTING FACTORY LIMITED	 	Sight	 	03/17/2005	 	45,668.46 USD
	0313JK5116
	 	HONG KONG	 	 	 	04/30/2005	 	45,668.46 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554962
	 	ERDOS GROUP(HONG KONG) CO., LTD.	 	Sight	 	03/17/2005	 	222,353.38 USD
	0314JK5118
	 	HONG KONG	 	 	 	05/10/2005	 	222,353.38 USD

	 	 	 	 	 

	Report Date 05/12/2005 08:07:10 (EDT)

	 	DAILY OUTSTANDING
	 	2 of 17

 

 

     

Outstanding Import Letters of Credit by Citibank LC Reference

	 	 	 	 	 	 	 	 	 	 	 

	Customer Base Number

	 	949148	 	 	Branch Code
	 	712	 
	Customer Name

	 	KASPER ASL LTD
	 	Branch Name
	 	HONG KONG CITIBANK

	 	 	 	 	 	 	 	 	 	 	 
	Citibank LC Reference	 	Exporter Name	 	Tenor Type	 	Issuance Date	 	Original Amount
	Importer LC Reference	 	Exporter Country	 	 Tenor Terms	 	Expiry Date	 	Outstanding Amount
	5815554963
	 	TAI KEI KNITTERS LTD.	 	Sight	 	03/17/2005	 	65,982.69            USD
	0315JK5119
	 	HONG KONG	 	 	 	04/30/2005	 	65,982.69            USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554964
	 	HENFIELD ENTERPRISES LIMITED	 	Sight	 	03/17/2005	 	90,758.40            USD
	0316JK5129
	 	HONG KONG	 	 	 	04/30/2005	 	90,758.40            USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554965
	 	HENFIELD ENTERPRISES LIMITED	 	Sight	 	03/17/2005	 	18,555.00            USD
	0317JK5130
	 	HONG KONG	 	 	 	04/30/2005	 	18,555.00            USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554966
	 	UNITEX FASHION (CHINA) LIMITED..	 	Sight	 	03/17/2005	 	32,416.40            USD
	0318JK5146
	 	 HONG KONG	 	 	 	04/30/2005	 	32,416.40            USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554967
	 	FORNTON KNITTING CO LTD..	 	Sight	 	03/17/2005	 	86,376.88            USD
	0319JK5071
	 	HONG KONG	 	 	 	04/30/2005	 	86,376.88            USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554968
	 	UNITEX FASHION (CHINA) LIMITED .	 	Sight	 	03/17/2005	 	58,974.16            USD
	0320JK5120
	 	HONG KONG	 	 	 	04/30/2005	 	58,974.16            USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554969
	 	PT. UNGARAN SARI GARMENTS.	 	Sight	 	03/17/2005	 	31,784.21            USD
	0321JK5144
	 	REPUBLIC OF INDONESIA	 	 	 	05/03/2005	 	1,023.10             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554970
	 	HIGH FASHION GARMENTS CO. LTD..	 	Sight	 	03/17/2005	 	66,913.00            USD
	0322JK5134
	 	HONG KONG	 	 	 	05/03/2005	 	53,676.25            USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554971
	 	FABRICA DE MALHAS UNIVERSAL LDA.	 	Sight	 	03/17/2005	 	124,624.96           USD
	0323JK5106
	 	MACAU	 	 	 	04/30/2005	 	124,624.96           USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554972
	 	MAINFIELD DEVELOPMENT CO., LTD..	 	Sight	 	03/17/2005	 	150,909.84           USD
	0324JK5143
	 	HONG KONG	 	 	 	04/30/2005	 	106,133.64           USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554973
	 	SLC CO., LTD.	 	Sight	 	03/17/2005	 	11,040.00            USD
	0325AKNY0308
	 	REPUBLIC OF KOREA	 	 	 	05/06/2005	 	658.00               USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554974
	 	SLC CO., LTD.	 	Sight	 	03/17/2005	 	34,987.00            USD
	0326AKAK0224
	 	REPUBLIC OF KOREA	 	 	 	05/06/2005	 	0.00                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554975
	 	SLC CO., LTD.	 	Sight	 	03/17/2005	 	73,726.00            USD
	0327AKNY0303
	 	REPUBLIC OF KOREA	 	 	 	05/06/2005	 	0.00                 USD
	 
	 	 	 	 	 	 	 	 	 	 

					
	Report Date 05/12/2005 08:07:10 (EDT)
	 	DAILY OUTSTANDING
	 	3 of 17

 

 

     

Outstanding Import Letters of Credit by Citibank LC Reference

	 	 	 	 	 	 	 	 	 	 	 

	Customer Base Number

	 	949148	 	 	Branch Code
	 	712	 
	Customer Name

	 	KASPER ASL LTD
	 	Branch Name
	 	HONG KONG CITIBANK

	 	 	 	 	 	 	 	 	 	 	 
	Citibank LC Reference	 	Exporter Name	 	Tenor Type	 	Issuance Date	 	Original Amount
	Importer LC Reference	 	Exporter Country	 	 Tenor Terms	 	Expiry Date	 	Outstanding Amount
	5815554976
	 	LANIFICIO MOESSMER SPA	 	Sight	 	03/18/2005	 	56,903.40       USD
	0328AE00364
	 	ITALIAN REPUBLIC	 	 	 	05/17/2005	 	56,903.40       USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554977
	 	LANIFICIO TEXCO S.P.A.	 	Sight	 	03/17/2005	 	434,875.00       USD
	0329AE00351
	 	ITALIAN REPUBLIC	 	 	 	05/28/2005	 	515,875.00       USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554978
	 	CUCCIRELLI/C. SPA	 	Sight	 	03/17/2005	 	122,947.50       USD
	0330AE00371
	 	 ITALIAN REPUBLIC	 	 	 	05/31/2005	 	144,157.00       USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554979
	 	CUCCIRELLI/C.	 	Sight	 	03/17/2005	 	145,898.80       USD
	0331AE00355
	 	ITALIAN REPUBLIC	 	 	 	05/14/2005	 	145,898.80       USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554980
	 	NEILL JOHNSTONE LTD.,	 	Sight	 	03/17/2005	 	51,979.20       USD
	0332AE00369
	 	UNITED KINGDOM OF GREAT BRITAIN AND	 	 	 	05/05/2005	 	51,979.20       USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554982
	 	BONOTTO S.P.A	 	Sight	 	03/17/2005	 	67,599.00       USD
	0334AE00361
	 	ITALIAN REPUBLIC	 	 	 	05/23/2005	 	81,756.00       USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554984
	 	LANERIE PIERO TONELLA SRL	 	Sight	 	03/17/2005	 	100,040.00       USD
	0336AE00349
	 	ITALIAN REPUBLIC	 	 	 	05/17/2005	 	100,040.00       USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554985
	 	AMOR TESSUTO S.A.	 	Sight	 	03/17/2005	 	54,520.00       USD
	0337AC00503
	 	EASTERN REPUBLIC OF URUGUAY	 	 	 	06/06/2005	 	54,520.00       USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554990
	 	LANIFICIO TEXCO S.P.A.	 	Sight	 	03/17/2005	 	4,970.00       USD
	0342AE00372
	 	ITALIAN REPUBLIC	 	 	 	05/10/2005	 	 0.00       USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554993
	 	ONETEX CORP.	 	Sight	 	03/17/2005	 	22,750.00       USD
	034WA00216
	 	REPUBLIC OF KOREA	 	 	 	05/01/2005	 	1,375.00       USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554994
	 	ONETEX CORP.	 	Sight	 	03/17/2005	 	47,060.00       USD
	0346WA00218
	 	REPUBLIC OF KOREA	 	 	 	04/29/2005	 	7,480.20       USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554997
	 	MITSUI BUSSAN TEXTILE CO., LTD..	 	Sight	 	03/23/2005	 	3,255.12       USD
	0349AE00414
	 	JAPAN	 	 	 	05/12/2005	 	 0.00       USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815554998
	 	LANIFICIO BARTOLINI SESTILIO SPA	 	Sight	 	03/23/2005	 	22,277.50       USD
	0350AE00368
	 	ITALIAN REPUBLIC	 	 	 	05/10/2005	 	22,277.50       USD
	 
	 	 	 	 	 	 	 	 	 	 

					
	Report Date 05/12/2005 08:07:10 (EDT)
	 	DAILY OUTSTANDING
	 	4 of 17

 

 

     

Outstanding Import Letters of Credit by Citibank LC Reference

	 	 	 	 	 	 	 	 	 	 	 

	Customer Base Number

	 	949148	 	 	Branch Code
	 	712	 
	Customer Name

	 	KASPER ASL LTD
	 	Branch Name
	 	HONG KONG CITIBANK

	 	 	 	 	 	 	 	 	 	 	 
	Citibank LC Reference	 	Exporter Name	 	Tenor Type	 	Issuance Date	 	Original Amount
	Importer LC Reference	 	Exporter Country	 	
Tenor Terms	 	Expiry Date	 	Outstanding Amount
	5815554999
	 	KEN TRADING.	 	Sight	 	03/23/2005	 	5,929.05                           USD
	0351AE00410
	 	JAPAN	 	 	 	04/30/2005	 	0.00                           USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555000
	 	MITSUI BUSSAN TEXTILE CO., LTD.	 	Sight	 	03/23/2005	 	11,400.48                           USD
	0352AE00389
	 	JAPAN	 	 	 	05/15/2005	 	0.00                           USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555001
	 	MALISYS S.R.L.	 	Sight	 	03/23/2005	 	198,801.80                           USD
	0353AE00375
	 	ITALIAN REPUBLIC	 	 	 	06/10/2005	 	198,801.80                           USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555002
	 	LANIFICIO BARTOLINI SESTILIO SPA	 	Sight	 	03/23/2005	 	23,820.00                           USD
	0354AE00367
	 	ITALIAN REPUBLIC	 	 	 	05/25/2005	 	23,820.00                           USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555004
	 	TEXTILE IMPORTS LLC	 	Sight	 	03/23/2005	 	31,457.50                           USD
	0356AC00446
	 	UNITED STATES OF AMERICA	 	 	 	05/20/2005	 	31,457.50                           USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555007
	 	KWIN HING KNITTING FACTORY LTD..	 	Sight	 	03/23/2005	 	5,460.00                           USD
	0359JK5117
	 	HONG KONG	 	 	 	04/30/2005	 	5,460.00                           USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555009
	 	PT. UNGARAN SARI GARMENTS.	 	Sight	 	03/23/2005	 	16,316.52                           USD
	0361JK5147
	 	REPUBLIC OF INDONESIA	 	 	 	05/17/2005	 	16,316.52                           USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555010
	 	HIGH FASHION GARMENTS CO. LTD..	 	Sight	 	03/23/2005	 	40,256.32                           USD
	0362JK5133
	 	HONG KONG	 	 	 	05/17/2005	 	40,256.32                           USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555014
	 	LIENS GROUP (ASIA) CO., LTD..	 	Sight	 	03/23/2005	 	295,157.20                           USD
	0366JK5155
	 	THAILAND	 	 	 	05/11/2005	 	409,109.98                           USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555015
	 	GREAT HARVEST LTD.	 	Sight	 	03/23/2005	 	101,039.52                           USD
	0368GH013/05
	 	HONG KONG	 	 	 	05/04/2005	 	146,377.33                           USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555017
	 	HT TRADING LIMITED	 	Sight	 	03/23/2005	 	265,031.75                       USD 
	0370HTK019/05
	 	MACAU	 	 	 	05/08/2005	 	 	265,031.75 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555021
	 	HOJEON LIMITED	 	Sight	 	03/23/2005	 	453,518.62                           USD
	0374AK05BR0001
	 	REPUBLIC OF KOREA	 	 	 	05/18/2005	 	62,470.39                           USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555022
	 	HONGS INTERNATIONAL LIMITED	 	Sight	 	03/23/2005	 	62,910.46                       USD 
	0375PAUL0317
	 	REPUBLIC OF KOREA	 	 	 	05/06/2005	 	 	2,534.65 USD
	 
	 	 	 	 	 	 	 	 	 	 

					
	Report Date 05/12/2005 08:07:10 (EDT)
	 	DAILY OUTSTANDING
	 	5 of 17

 

 

     

Outstanding Import Letters of Credit by Citibank LC Reference

	 	 	 	 	 	 	 	 	 	 	 

	Customer Base Number

	 	949148	 	 	Branch Code
	 	712	 
	Customer Name

	 	KASPER ASL LTD
	 	Branch Name
	 	HONG KONG CITIBANK

	 	 	 	 	 	 	 	 	 	 	 
	Citibank LC Reference	 	Exporter Name	 	Tenor Type 	 	Issuance Date	 	Original Amount
	Importer LC Reference	 	Exporter Country	 	
Tenor Terms	 	Expiry Date	 	Outstanding Amount
	5815555023
	 	POONGIN TRADING CO., LTD..	 	Sight	 	03/23/2005	 	187,187.20                 USD
	0376AKAK0321
	 	REPUBLIC OF KOREA	 	 	 	05/06/2005	 	187,187.20                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555024
	 	SAMKWANG APPAREL CORP..	 	Sight	 	03/23/2005	 	177,962.58                 USD
	0377AKAK0321A
	 	REPUBLIC OF KOREA	 	 	 	05/06/2005	 	177,962.58                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555025
	 	SAMKWANG APPAREL CORP. .	 	Sight	 	03/23/2005	 	70,963.78                 USD
	0378AKAK0321B
	 	REPUBLIC OF KOREA	 	 	 	05/06/2005	 	70,963.78                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555026
	 	EUHA INTERNATIONAL LTD.	 	Sight	 	03/23/2005	 	22,952.40                 USD
	0379AKAK0321C
	 	REPUBLIC OF KOREA	 	 	 	05/06/2005	 	22,952.40                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555027
	 	PAN PACIFIC CO., LTD.	 	Sight	 	03/23/2005	 	36,970.00                 USD
	0380JEV38LY1
	 	REPUBLIC OF KOREA	 	 	 	05/09/2005	 	36,970.00                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555028
	 	TREMO LTD.	 	Sight	 	03/23/2005	 	32,500.00                 USD
	0381WA00221
	 	REPUBLIC OF KOREA	 	 	 	05/05/2005	 	 510.00                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555030
	 	RUNNING TEXTILE HOLDINGS LTD.	 	Sight	 	03/25/2005	 	18,634.50                 USD
	0382AL00491
	 	TAIWAN, PROVINCE OF ROC	 	 	 	04/30/2005	 	18,634.50                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555031
	 	K.M. TEXTILE CORPORATION.	 	Sight	 	03/25/2005	 	29,351.40                 USD
	0383KU00330
	 	REPUBLIC OF KOREA	 	 	 	05/10/2005	 	 0.00                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555032
	 	EXSA EXPORT SANAYI MAMULLERI SATIS	 	Sight	 	03/25/2005	 	11,020.00                 USD
	0384AC00507
	 	TURKEY	 	 	 	06/09/2005	 	11,020.00                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555033
	 	PARAMOUNT TEXTEIS INDUSTRIA E	 	Sight	 	03/25/2005	 	175,224.00                 USD
	0385AC00423
	 	FEDERATIVE REPUBLIC OF BRAZIL	 	 	 	05/25/2005	 	9,275.70                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555034
	 	EFFETEX SRL.	 	Sight	 	03/25/2005	 	19,950.00                 USD
	0386AC00487
	 	ITALIAN REPUBLIC	 	 	 	05/11/2005	 	 0.00                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555035
	 	TRISTATE TRADING LIMITED	 	Sight	 	03/29/2005	 	1,205,108.65                 USD
	0387FNJ1MA25
	 	MACAU	 	 	 	05/10/2005	 	992,675.16                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555037
	 	FLORA FASHIONS FTY	 	Sight	 	03/29/2005	 	23,781.65                 USD
	0389FL007/05
	 	HONG KONG	 	 	 	05/07/2005	 	10,359.65                 USD
	 
	 	 	 	 	 	 	 	 	 	 

					
	Report Date 05/12/2005 08:07:10 (EDT)
	 	DAILY OUTSTANDING
	 	6 of 17

 

 

     

Outstanding Import Letters of Credit by Citibank LC Reference

	 	 	 	 	 	 	 	 	 	 	 

	Customer Base Number

	 	949148	 	 	Branch Code
	 	712	 
	Customer Name

	 	KASPER ASL LTD
	 	Branch Name
	 	HONG KONG CITIBANK

	 	 	 	 	 	 	 	 	 	 	 
	Citibank LC Reference	 	Exporter Name	 	Tenor Type 	 	Issuance Date	 	Original Amount
	Importer LC Reference	 	Exporter Country	 	
Tenor Terms	 	Expiry Date	 	Outstanding Amount
	5815555042
	 	SAVERIO INTERNATIONAL LIMITED.	 	Sight	 	03/29/2005	 	100,053.86                                     USD
	0394JK5162
	 	HONG KONG	 	 	 	05/25/2005	 	100,053.86                                     USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555043
	 	HEMPEL CHINA LIMITED	 	Sight	 	03/29/2005	 	401,841.89                                     USD
	0395JK5145
	 	  PEOPLE’S REPUBLIC OF CHINA	 	 	 	05/07/2005	 	401,841.89                                     USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555044
	 	DONG HAN INTERNATIONAL CO., LTD.	 	Sight	 	03/29/2005	 	707,465.82                                     USD
	0396AK05BR003
	 	REPUBLIC OF KOREA	 	 	 	05/08/2005	 	297,790.75                                     USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555045
	 	DONG HAN INTERNATIONAL CO., LTD.	 	Sight	 	03/30/2005	 	33,152.89                                     USD
	0397AK05BR005
	 	REPUBLIC OF KOREA	 	 	 	05/08/2005	 	21,097.31                                     USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555046
	 	EUHA INTERNATIONAL LTD.	 	Sight	 	03/30/2005	 	58,277.12                                     USD
	0398AKPRE-0321R
	 	REPUBLIC OF KOREA	 	 	 	06/20/2005	 	5,132.80                                     USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555047
	 	HT TRADING LIMITED	 	Sight	 	03/30/2005	 	25,267.00                                     USD
	0399HTR004/05
	 	MACAU	 	 	 	05/01/2005	 	25,267.00                                     USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555048
	 	FLORA FASHIONS FTY	 	Sight	 	03/30/2005	 	28,054.91                                     USD
	0400FL-006/05
	 	HONG KONG	 	 	 	05/07/2005	 	12,220.91                                     USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555049
	 	MERIM CORP.	 	Sight	 	03/30/2005	 	89,469.47                                     USD
	0401JK5166
	 	REPUBLIC OF KOREA	 	 	 	06/29/2005	 	89,469.47                                     USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555050
	 	LANIFICIO FALIERO SARTI/FIGLI SPA	 	Sight	 	04/04/2005	 	170,287.15                                     USD
	0402AE00409
	 	ITALIAN REPUBLIC	 	 	 	05/25/2005	 	276,734.95                                     USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555051
	 	LANIFICIO FALIERO SARTI/FIGLI SPA	 	Sight	 	03/31/2005	 	11,655.00                                     USD
	0403AE00376
	 	ITALIAN REPUBLIC	 	 	 	05/15/2005	 	11,655.00                                     USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555052
	 	LAN LUIGI BOGGIO CASERO SRL	 	Sight	 	03/31/2005	 	12,740.00                                     USD
	0404AE00385
	 	ITALIAN REPUBLIC	 	 	 	05/10/2005	 	12,740.00                                     USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555053
	 	KIMTEKS TEKSTIL INSAAT SAN. VE TIC.	 	Sight	 	03/31/2005	 	246,983.50                                     USD
	0405AC00512
	 	TURKEY	 	 	 	05/17/2005	 	231,914.52                                     USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555054
	 	TAECHANG ENTERPRISE CO., LTD.	 	Sight	 	03/31/2005	 	139,425.00                                     USD
	0406AC00523
	 	REPUBLIC OF KOREA	 	 	 	06/14/2005	 	139,425.00                                     USD
	 
	 	 	 	 	 	 	 	 	 	 

					
	Report Date 05/12/2005 08:07:10 (EDT)
	 	DAILY OUTSTANDING
	 	7 of 17

 

 

     

Outstanding Import Letters of Credit by Citibank LC Reference

	 	 	 	 	 	 	 	 	 	 	 

	Customer Base Number

	 	949148	 	 	Branch Code
	 	712	 
	Customer Name

	 	KASPER ASL LTD
	 	Branch Name
	 	HONG KONG CITIBANK

	 	 	 	 	 	 	 	 	 	 	 
	Citibank LC Reference	 	Exporter Name	 	Tenor Type 	 	Issuance Date	 	Original Amount
	Importer LC Reference	 	Exporter Country	 	
Tenor Terms	 	Expiry Date	 	Outstanding Amount
	5815555058
	 	PT CITRAABADI SEJATI.	 	Sight	 	04/04/2005	 	114,444.06                 USD
	0410JK5164
	 	REPUBLIC OF INDONESIA	 	 	 	05/31/2005	 	94,039.07                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555059
	 	SHANGHAI SILK GROUP CO., LTD..	 	Sight	 	04/04/2005	 	18,810.60                 USD
	0411JK5168
	 	PEOPLE’S REPUBLIC OF CHINA	 	 	 	04/30/2005	 	18,810.60                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555060
	 	YOOPOONG CORPORATION	 	Sight	 	04/04/2005	 	153,408.00                 USD
	0412JK5150
	 	REPUBLIC OF KOREA	 	 	 	06/13/2005	 	153,408.00                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555061
	 	WILFORD KNITWEAR FACTORY LIMITED.	 	Sight	 	04/04/2005	 	45,350.00                 USD
	0413JK5161
	 	HONG KONG	 	 	 	05/15/2005	 	48,650.00                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555062
	 	WILFORD KNITWEAR FACTORY LIMITED.	 	Sight	 	04/04/2005	 	4,770.00                 USD
	0414JK5167
	 	HONG KONG	 	 	 	05/15/2005	 	4,770.00                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555063
	 	HIGH FASHION GARMENTS CO. LTD..	 	Sight	 	04/04/2005	 	119,440.00                 USD
	0415JK5151
	 	HONG KONG	 	 	 	05/20/2005	 	119,440.00                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555064
	 	DONG HAN INTERNATIONAL CO., LTD.	 	Sight	 	04/04/2005	 	50,547.00                 USD
	0416AK05BR006
	 	REPUBLIC OF KOREA	 	 	 	05/15/2005	 	50,547.00                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555065
	 	NEW WORLD SOURCING GROUP, INC.	 	Sight	 	04/11/2005	 	36,465.00                 USD
	0417KU00334
	 	UNITED STATES OF AMERICA	 	 	 	05/14/2005	 	36,465.00                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555067
	 	TRISTATE TRADING LIMITED	 	Sight	 	04/08/2005	 	262,121.89                 USD
	0419FNJ1MA26
	 	MACAU	 	 	 	05/31/2005	 	263,219.17                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555068
	 	TOMWELL COMPANY.	 	Sight	 	04/08/2005	 	255,078.50                 USD
	0420TM021/005
	 	HONG KONG	 	 	 	05/13/2005	 	255,078.50                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555069
	 	DO DO FAHSION LTD.	 	Sight	 	04/08/2005	 	358,998.85                 USD
	0421DD016/05
	 	HONG KONG	 	 	 	05/20/2005	 	358,998.85                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555070
	 	HT TRADING LIMITED	 	Sight	 	04/08/2005	 	14,780.00                 USD
	0422HTK022/05
	 	MACAU	 	 	 	05/22/2005	 	14,780.00                 USD
	 
	 	 	 	 	 	 	 	 	 	 

					
	Report Date 05/12/2005 08:07:10 (EDT)
	 	DAILY OUTSTANDING
	 	8 of 17

 

 

Outstanding Import Letters of Credit by Citibank LC Reference

	 	 	 	 	 	 	 

	Customer Base Number

	 	 949148
	 	Branch Code
	 	 712
	Customer Name

	 	KASPER ASL LTD
	 	Branch Name
	 	HONG KONG CITIBANK

	 	 	 	 	 	 	 	 	 	 	 
	Citibank LC Reference	 	Exporter Name	 	Tenor Type	 	Issuance Date	 	Original Amount
	Importer LC Reference	 	Exporter Country	 	Tenor Terms	 	Expiry Date	 	Outstanding Amount
	5815555071
	 	KEYABLE INTERNATIONAL LTD.	 	Sight	 	04/08/2005	 	61,406.80      USD
	0423JK5109
	 	HONG KONG	 	 	 	05/30/2005	 	0.00      USD
	 
	 	 	 	 	 	 	 	 	 	 
	5315555072
	 	DO DO FAHSION LTD.	 	Sight	 	04/08/2005	 	47,996.62      USD
	0424JK5177
	 	HONG KONG	 	 	 	06/14/2005	 	47,996.62      USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555075
	 	DO DO FAHSION LTD.	 	Sight	 	04/08/2005	 	305,295.90      USD
	0426DD015/05
	 	HONG KONG	 	 	 	05/20/2005	 	305,295.90      USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555077
	 	WONDERFUL INTL GROUP (HK) LTD.	 	Sight	 	04/08/2005	 	291,981.51      USD
	0428WF009/05
	 	HONG KONG	 	 	 	05/15/2005	 	367,964.89      USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555078
	 	HANSAE CO., LTD.	 	Sight	 	04/08/2005	 	193,624.58      USD
	0429JEV01BR24
	 	REPUBLIC OF KOREA	 	 	 	06/09/2005	 	193,624.58      USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555079
	 	MITSUI BUSSAN TEXTILE CO., LTD..	 	Sight	 	04/11/2005	 	64,053.00      USD
	0430AC00527
	 	JAPAN	 	 	 	05/25/2005	 	41,877.07      USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555080
	 	TAI FUNG TEXTILES CO., LTD	 	Sight	 	04/11/2005	 	2,745.00      USD
	0431AC00546
	 	HONG KONG	 	 	 	06/15/2005	 	19,718.25      USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555081
	 	TAI FUNG TEXTILES CO., LTD	 	Sight	 	04/11/2005	 	28,565.00      USD
	0432AC00499
	 	HONG KONG	 	 	 	05/02/2005	 	776.33      USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555082
	 	BRADLEE INTERNATIONAL LTD.	 	Sight	 	04/11/2005	 	28,810.00      USD
	0433AC00531
	 	UNITED STATES OF AMERICA	 	 	 	05/31/2005	 	28,810.00      USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555083
	 	E. PECCIAND C SPA	 	Sight	 	04/11/2005	 	51,012.50      USD
	0434AE00381
	 	ITALIAN REPUBLIC	 	 	 	05/10/2005	 	15,675.00      USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555084
	 	LAN LUIGI BOGGIO CASERO SRL	 	Sight	 	04/11/2005	 	34,440.00      USD
	0435AE00373
	 	ITALIAN REPUBLIC	 	 	 	05/27/2005	 	34,440.00      USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555086
	 	FLORA FASHIONS FTY	 	Sight	 	04/15/2005	 	33,909.33      USD
	0436FL-008/05
	 	HONG KONG	 	 	 	05/25/2005	 	33,909.33      USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555087
	 	WONDERFUL INTL GROUP (HK) LTD.	 	Sight	 	04/15/2005	 	104,709.51      USD
	0437FW007/05
	 	HONG KONG	 	 	 	05/10/2005	 	79,028.63      USD

					
	 
	Report Date 05/12/2005 08:07:10 (EDT)
	 	DAILY OUTSTANDING
	 	9 of 17

 

 

Outstanding Import Letters of Credit by Citibank LC Reference

	 	 	 	 	 	 	 

	Customer Base Number

	 	 949148
	 	Branch Code
	 	 712
	Customer Name

	 	KASPER ASL LTD
	 	Branch Name
	 	HONG KONG CITIBANK

	 	 	 	 	 	 	 	 	 	 	 
	Citibank LC Reference	 	Exporter Name	 	Tenor Type	 	Issuance Date	 	Original Amount
	Importer LC Reference	 	Exporter Country	 	Tenor Terms	 	Expiry Date	 	Outstanding Amount
	5815555088
	 	KAYEE FASHION FTY LTD.	 	Sight	 	04/15/2005	 	6,713.97                    USD
	0438KYL0050
	 	HONG KONG	 	 	 	05/15/2005	 	6,713.97                    USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555089
	 	TOP SUCCESS INDUSTRIAL LIMITED.	 	Sight	 	04/15/2005	 	90,047.00                USD
	0439JK5104
	 	HONG KONG	 	 	 	06/14/2005	 	34,264.55                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555090
	 	CHINAMINE TRADING LTD.	 	Sight	 	04/15/2005	 	114,408.03                    USD
	0440JK5169
	 	HONG KONG	 	 	 	05/13/2005	 	114,408.03                    USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555091
	 	TOP SUCCESS INDUSTRIAL LIMITED.	 	Sight	 	04/15/2005	 	47,916.60                    USD
	0441JK5182
	 	HONG KONG	 	 	 	05/15/2005	 	403.20                    USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555092
	 	TOP SUCCESS INDUSTRIAL LIMITED.	 	Sight	 	04/15/2005	 	19,951.20                    USD
	0442JK5183
	 	HONG KONG	 	 	 	05/05/2005	 	19,951.20                    USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555093
	 	PLATINUM 2000 LIMITED	 	Sight	 	04/15/2005	 	28,552.84                    USD
	0443JK5186
	 	HONG KONG	 	 	 	05/03/2005	 	28,552.84                    USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555094
	 	CHINAMINE TRADING LTD.	 	Sight	 	04/15/2005	 	40,446.00                    USD
	0444JK5187
	 	HONG KONG	 	 	 	05/03/2005	 	40,446.00                    USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555096
	 	HIGH FASHION GARMENTS CO. LTD..	 	Sight	 	04/15/2005	 	887,141.00                    USD
	0445JK5123
	 	HONG KONG	 	 	 	06/02/2005	 	887,141.00                    USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555097
	 	FABRICA DE MALHAS UNIVERSAL LDA.	 	Sight	 	04/15/2005	 	140,717.66                    USD
	0446JK5178
	 	MACAU	 	 	 	05/30/2005	 	140,717.66                    USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555098
	 	HT TRADING LIMITED	 	Sight	 	04/15/2005	 	59,194.00                    USD
	0447HTK026/05
	 	MACAU	 	 	 	05/22/2005	 	59,194.00                    USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555099
	 	HT TRADING LIMITED	 	Sight	 	04/15/2005	 	215,756.80                    USD
	0448HTK025/05
	 	MACAU	 	 	 	05/15/2005	 	215,756.80                    USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555100
	 	HT TRADING LIMITED	 	Sight	 	04/15/2005	 	45,600.00                    USD
	0449HTK024/05
	 	MACAU	 	 	 	05/15/2005	 	45,600.00                    USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555101
	 	HT TRADING LIMITED	 	Sight	 	04/20/2005	 	159,447.50                    USD
	0450HTK020/05
	 	MACAU	 	 	 	06/05/2005	 	159,447.50                    USD

					
	 
	Report Date 05/12/2005 08:07:10 (EDT)
	 	DAILY OUTSTANDING
	 	10 of 17

 

 

Outstanding Import Letters of Credit by Citibank LC Reference

	 	 	 	 	 	 	 

	Customer Base Number

	 	 949148
	 	Branch Code
	 	 712
	Customer Name

	 	KASPER ASL LTD
	 	Branch Name
	 	HONG KONG CITIBANK

	 	 	 	 	 	 	 	 	 	 	 
	Citibank LC Reference	 	Exporter Name	 	Tenor Type	 	Issuance Date	 	Original Amount
	Importer LC Reference	 	Exporter Country	 	Tenor Terms	 	Expiry Date	 	Outstanding Amount
	5815555102
	 	JINSE CO., LTD.	 	Sight	 	04/21/2005	 	477,234.12             USD
	0451CHR0310
	 	REPUBLIC OF KOREA	 	 	 	06/14/2005	 	477,234.12             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555103
	 	HYUNJIN APPAREL CO., LTD.	 	Sight	 	04/20/2005	 	211,937.24             USD
	0452JEV01BR26
	 	REPUBLIC OF KOREA	 	 	 	05/22/2005	 	211,937.24             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555104
	 	HYUNJIN APPAREL CO., LTD.	 	Sight	 	04/20/2005	 	335,741.71             USD
	0453JEV63HR3
	 	REPUBLIC OF KOREA	 	 	 	07/21/2005	 	606,979.88             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555105
	 	HANSAE CO., LTD.	 	Sight	 	04/20/2005	 	107,789.80             USD
	0454JEV059AA
	 	REPUBLIC OF KOREA	 	 	 	06/28/2005	 	139,731.80             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555106
	 	EUHA INTERNATIONAL LTD.	 	Sight	 	04/20/2005	 	86,043.60             USD
	0455PAUL0408LC
	 	REPUBLIC OF KOREA	 	 	 	08/05/2005	 	86,043.60             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555107
	 	JINSE CO., LTD.	 	Sight	 	04/20/2005	 	182,343.41             USD
	0456CHR0404EU
	 	REPUBLIC OF KOREA	 	 	 	06/04/2005	 	195,959.41             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555108
	 	LUNG KAE GARMENT COMPANY	 	Sight	 	04/20/2005	 	213,398.62             USD
	0457JK5184
	 	HONG KONG	 	 	 	05/16/2005	 	213,398.62             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555109
	 	HENFIELD ENTERPRISES LIMITED	 	Sight	 	04/20/2005	 	39,300.00             USD
	0458JK5173
	 	HONG KONG	 	 	 	05/30/2005	 	39,300.00             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555110
	 	YOOPOONG CORPORATION	 	Sight	 	04/20/2005	 	42,750.00             USD
	0459JK5149
	 	REPUBLIC OF KOREA	 	 	 	06/15/2005	 	42,750.00             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555111
	 	LIENS GROUP (ASIA) CO., LTD.	 	Sight	 	04/20/2005	 	29,450.00             USD
	0460JK5154
	 	THAILAND	 	 	 	05/31/2005	 	29,450.00             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555112
	 	DATAS IND. LTD.	 	Sight	 	04/20/2005	 	29,920.00             USD
	0461JK5192
	 	HONG KONG	 	 	 	06/01/2005	 	29,920.00             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555113
	 	WONDERFUL INTL GROUP (HK) LTD.	 	Sight	 	04/20/2005	 	290,202.56             USD
	0462FW008/05
	 	HONG KONG	 	 	 	05/26/2005	 	290,202.56             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555114
	 	DO DO FASHION LTD.	 	Sight	 	04/20/2005	 	564,852.23             USD
	0463DD017/05
	 	HONG KONG	 	 	 	06/13/2005	 	564,852.23             USD

					
	 
	Report Date 05/12/2005 08:07:10 (EDT)
	 	DAILY OUTSTANDING
	 	11 of 17

 

 

Outstanding Import Letters of Credit by Citibank LC Reference

	 	 	 	 	 	 	 

	Customer Base Number

	 	 949148
	 	Branch Code
	 	 712
	Customer Name

	 	KASPER ASL LTD
	 	Branch Name
	 	HONG KONG CITIBANK

	 	 	 	 	 	 	 	 	 	 	 
	Citibank LC Reference	 	Exporter Name	 	Tenor Type	 	Issuance Date	 	Original Amount
	Importer LC Reference	 	Exporter Country	 	Tenor Terms	 	Expiry Date	 	Outstanding Amount
	5815555115
	 	NUANCE INDUSTRIES INC.	 	Sight	 	04/21/2005	 	68,780.00             USD
	0464KU00324
	 	UNITED STATES OF AMERICA	 	 	 	05/20/2005	 	68,780.00             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555116
	 	TREMO LTD.	 	Sight	 	04/21/2005	 	12,750.00             USD
	0465WA00234
	 	REPUBLIC OF KOREA	 	 	 	06/04/2005	 	12,750.00             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555117
	 	LANIFICIO MARIO BELLUCCI SPA	 	Sight	 	04/21/2005	 	24,220.00             USD
	0466AE00383
	 	ITALIAN REPUBLIC	 	 	 	05/30/2005	 	24,220.00             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555118
	 	EFFEPIERRE SPA	 	Sight	 	04/21/2005	 	61,222.20             USD
	0467AE00365
	 	ITALIAN REPUBLIC	 	 	 	06/09/2005	 	61,222.20             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555119
	 	LANIFICIO LUIGI BOTTO S.P.A.	 	Sight	 	04/27/2005	 	239,401.00             USD
	0468AE00378
	 	ITALIAN REPUBLIC	 	 	 	07/05/2005	 	239,401.00             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555121
	 	HT TRADING LIMITED	 	Sight	 	04/27/2005	 	25,670.00             USD
	0470HTK028/05
	 	MACAU	 	 	 	06/05/2005	 	25,670.00             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555122
	 	TRISTATE TRADING LIMITED	 	Sight	 	04/27/2005	 	270,468.85             USD
	0471FNJ1VT27R01
	 	MACAU	 	 	 	06/17/2005	 	270,468.85             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555123
	 	TRISTATE TRADING LIMITED	 	Sight	 	04/27/2005	 	723,113.11             USD
	0472FNJ1MA27R01
	 	MACAU	 	 	 	06/21/2005	 	782,535.11             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555124
	 	DO DO FASHION LTD.	 	Sight	 	04/27/2005	 	296,363.47             USD
	0473DD018/05
	 	HONG KONG	 	 	 	06/20/2005	 	296,363.47             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555125
	 	GREAT HARVEST LTD.	 	Sight	 	04/27/2005	 	169,551.86             USD
	0474GH014/05
	 	HONG KONG	 	 	 	06/22/2005	 	175,991.86             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555126
	 	LAI’S KNITWEAR MFG. LTD..	 	Sight	 	04/27/2005	 	21,450.00             USD
	0475JK5191
	 	HONG KONG	 	 	 	06/08/2005	 	21,450.00             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555127
	 	BUSINESS FAITH INT’L LTD.	 	Sight	 	04/27/2005	 	30,957.00             USD
	0476JK5174
	 	HONG KONG	 	 	 	06/07/2005	 	30,957.00             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555128
	 	LIENS GROUP (ASIA) CO., LTD.	 	Sight	 	04/27/2005	 	30,629.50             USD
	0477JK5179
	 	THAILAND	 	 	 	07/05/2005	 	30,629.50             USD

					
	 
	Report Date 05/12/2005 08:07:10 (EDT)
	 	DAILY OUTSTANDING
	 	12 of 17

 

 

     

Outstanding Import Letters of Credit by Citibank LC Reference

	 	 	 	 	 	 	 

	Customer Base Number

	 	949148
	 	Branch Code
	 	712
	Customer Name

	 	KASPER ASL LTD
	 	Branch Name
	 	HONG KONG CITIBANK

	 	 	 	 	 	 	 	 	 	 	 
	Citibank LC Reference	 	Exporter Name	 	Tenor Type	 	Issuance Date	 	Original Amount
	Importer LC Reference	 	Exporter Country	 	Tenor Terms	 	Expiry Date	 	Outstanding Amount
	5815555129
	 	KONG SHING KNITTING FACTORY.	 	Sight	 	04/27/2005	 	84,394.55                             USD
	0478JK5181
	 	HONG KONG	 	 	 	06/07/2005	 	84,394.55                             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555130
	 	PAK TAK KNITTING/GARMENT FTY. LTD.	 	Sight	 	04/27/2005	 	21,237.50                        USD
	0479JK5193
	 	HONG KONG	 	 	 	05/15/2005	 	21,237.50                          USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555131
	 	CHINAMINE TRADING LTD.	 	Sight	 	04/27/2005	 	131,817.90                             USD
	0480JK5188
	 	HONG KONG	 	 	 	05/15/2005	 	131,817.90                             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555132
	 	FORTUNE MINT LIMITED,	 	Sight	 	04/27/2005	 	47,884.64                             USD
	0481JK5107
	 	HONG KONG	 	 	 	06/14/2005	 	47,884.64                             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555133
	 	FORTUNE MINT LIMITED,	 	Sight	 	04/27/2005	 	36,714.36                             USD
	0482JK5194
	 	HONG KONG	 	 	 	06/14/2005	 	36,714.36                             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555134
	 	TOMWELL COMPANY.	 	Sight	 	04/27/2005	 	986,891.64                             USD
	0483JK5195
	 	HONG KONG	 	 	 	06/14/2005	 	986,891.64                             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555135
	 	WONDERFUL INTL GROUP (HK) LTD.	 	Sight	 	04/27/2005	 	276,036.10                         USD
	0484JK5197
	 	HONG KONG	 	 	 	06/15/2005	 	276,036.10                          USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555136
	 	DONG HAN INTERNATIONAL CO., LTD.	 	Sight	 	04/27/2005	 	104,026.88                             USD
	0485AK05BR007
	 	REPUBLIC OF KOREA	 	 	 	06/12/2005	 	104,026.88                      USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555137
	 	HANSAE CO., LTD.	 	Sight	 	04/27/2005	 	12,321.12                             USD
	0486JEV062AA
	 	REPUBLIC OF KOREA	 	 	 	06/09/2005	 	228,677.49                             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555138
	 	PAN PACIFIC CO., LTD.	 	Sight	 	04/27/2005	 	406,309.98                          USD
	0487JEV68SH1
	 	REPUBLIC OF KOREA	 	 	 	06/27/2005	 	406,309.98                             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555139
	 	PAN PACIFIC CO., LTD.	 	Sight	 	04/27/2005	 	180,559.00                             USD
	0488JEV73SH1
	 	REPUBLIC OF KOREA	 	 	 	06/10/2005	 	180,559.00                             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555140
	 	UNITEX FASHION (CHINA) LIMITED.	 	Sight	 	05/05/2005	 	109,693.44                             USD
	0489JK5176
	 	HONG KONG	 	 	 	06/14/2005	 	109,693.44                             USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555141
	 	WONDERFUL INTL GROUP (HK) LTD.	 	Sight	 	05/05/2005	 	38,918.61                             USD
	0490JK5210
	 	HONG KONG	 	 	 	06/06/2005	 	38,918.61                             USD

					
	 	 	 	 	 
	Report Date 05/12/2005 08:07:10 (EDT)
	 	DAILY OUTSTANDING
	 	13 of 17

 

 

     

Outstanding Import Letters of Credit by Citibank LC Reference

	 	 	 	 	 	 	 

	Customer Base Number

	 	949148
	 	Branch Code
	 	712
	Customer Name

	 	KASPER ASL LTD
	 	Branch Name
	 	HONG KONG CITIBANK

	 	 	 	 	 	 	 	 	 	 	 
	Citibank LC Reference	 	Exporter Name	 	Tenor Type	 	Issuance Date	 	Original Amount
	Importer LC Reference	 	Exporter Country	 	Tenor Terms	 	Expiry Date	 	Outstanding Amount
	5815555142
	 	KAYEE FASHION FTY LTD.	 	Sight	 	05/05/2005	 	29,352.72                                 USD
	0491JK5211
	 	HONG KONG	 	 	 	06/01/2005	 	29,352.72                                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555143
	 	HIGH FASHION GARMENTS CO. LTD.	 	Sight	 	05/05/2005	 	60,049.35                              USD
	0492JK5208
	 	HONG KONG	 	 	 	06/04/2005	 	60,049.35                                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555144
	 	SLITHER LTD.	 	Sight	 	05/05/2005	 	17,356.00                                 USD
	0493JK5172
	 	HONG KONG	 	 	 	06/14/2005	 	17,356.00                                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555145
	 	KWIN HING KNITTING FACTORY LTD.	 	Sight	 	05/05/2005	 	100,175.01                                 USD
	0494JK5189
	 	HONG KONG	 	 	 	06/14/2005	 	100,175.01                                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555146
	 	LAI KO KNITTING FACTORY LIMITED	 	Sight	 	05/05/2005	 	92,662.31                                 USD
	0495JK5190
	 	HONG KONG	 	 	 	06/14/2005	 	92,662.31                                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555147
	 	PAN PACIFIC CO., LTD.	 	Sight	 	05/05/2005	 	28,216.00                                 USD
	0496JEV062AB
	 	REPUBLIC OF KOREA	 	 	 	06/20/2005	 	28,216.00                                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555148
	 	MITSUI BUSSAN TEXTILE CO., LTD.	 	Sight	 	05/05/2005	 	9,475.40                                 USD
	0497AC00549
	 	JAPAN	 	 	 	05/25/2005	 	9,475.40                                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555149
	 	TAI FUNG TEXTILES CO., LTD	 	Sight	 	05/06/2005	 	69,455.00                                 USD
	0497AC00550
	 	HONG KONG	 	 	 	06/05/2005	 	69,455.00                                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555150
	 	AKSU IPLIK DOKUMAVE BOYAAPRE TURKEY	 	Sight	 	05/06/2005	 	32,214.00                                 USD
	0498AC00578
	 	 	 	 	 	05/25/2005	 	32,214.00                                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555151
	 	TAI FUNG TEXTILES CO., LTD HONG KONG	 	Sight	 	05/06/2005	 	41,403.75                                 USD
	0499AC00535
	 	 	 	 	 	06/24/2005	 	41,403.75                                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555152
	 	LANIFICIO NUOVO RIVERA S.P.A.	 	Sight	 	05/06/2005	 	60,180.00                                 USD
	0501AC00544
	 	ITALIAN REPUBLIC	 	 	 	06/16/2005	 	60,180.00                                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555153
	 	KEN TRADING.	 	Sight	 	05/06/2005	 	178,717.50                                 USD
	0502AC00530
	 	JAPAN	 	 	 	06/21/2005	 	178,717.50                                 USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555154
	 	EXSA EXPORT SANAYI MAMULLERI SATIS	 	Sight	 	05/06/2005	 	228,952.50                                 USD
	0503AC00510
	 	TURKEY	 	 	 	06/09/2005	 	228,952.50                                 USD

					
	 	 	 	 	 
	Report Date 05/12/2005 08:07:10 (EDT)
	 	DAILY OUTSTANDING
	 	14 of 17

 

 

     

Outstanding Import Letters of Credit by Citibank LC Reference

	 	 	 	 	 	 	 

	Customer Base Number

	 	949148
	 	Branch Code
	 	712
	Customer Name

	 	KASPER ASL LTD
	 	Branch Name
	 	HONG KONG CITIBANK

	 	 	 	 	 	 	 	 	 	 	 
	Citibank LC Reference	 	Exporter Name	 	Tenor Type	 	Issuance Date	 	Original Amount
	Importer LC Reference	 	Exporter Country	 	Tenor Terms	 	Expiry Date	 	Outstanding Amount
	5815555155
	 	MALIBU TEXTILES, INC.	 	Sight	 	05/06/2005	 	1,911.00                    USD
	0504AC00584
	 	UNITED STATES OF AMERICA	 	 	 	05/25/2005	 	1,911.00                    USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555156
	 	CANEPA TESSITURA SERICA SPA	 	Sight	 	05/06/2005	 	16,647.75                    USD
	0505VE00238
	 	ITALIAN REPUBLIC	 	 	 	05/30/2005	 	16,647.75                    USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555157
	 	FORTUNE MINT LIMITED,	 	Sight	 	05/12/2005	 	48,016.10                    USD
	0506JK5107
	 	HONG KONG	 	 	 	06/14/2005	 	48,016.10                    USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555158
	 	KA YEE FASHION FTY LTD.	 	Sight	 	05/12/2005	 	81,214.88                    USD
	0507JK5233
	 	HONG KONG	 	 	 	06/30/2005	 	81,214.88                    USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555159
	 	TRISTATE TRADING LIMITED	 	Sight	 	05/12/2005	 	52,707.11                    USD
	0508FNJ1VT26
	 	MACAU	 	 	 	05/30/2005	 	52,707.11                    USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555160
	 	VADAT FASHION FACTORY LIMITED	 	Sight	 	05/12/2005	 	59,580.00                    USD
	0509JK5214
	 	HONG KONG	 	 	 	06/01/2005	 	59,580.00                    USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555161
	 	YOOPOONG CORPORATION	 	Sight	 	05/12/2005	 	16,800.00                    USD
	0510JK5212
	 	REPUBLIC OF KOREA	 	 	 	06/02/2005	 	16,800.00                    USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555162
	 	YOOPOONG CORPORATION	 	Sight	 	05/12/2005	 	109,460.00                    USD
	0511JK5213
	 	REPUBLIC OF KOREA	 	 	 	06/17/2005	 	109,460.00                    USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555163
	 	WONDERFUL INTL GROUP (HK) LTD.	 	Sight	 	05/12/2005	 	116,939.40                    USD
	0512JK5228
	 	HONG KONG	 	 	 	06/14/2005	 	116,939.40                    USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555164
	 	KA YEE FASHION FTY LTD.	 	Sight	 	05/12/2005	 	12,111.81                    USD
	0513JK5246
	 	HONG KONG	 	 	 	06/08/2005	 	12,111.81                    USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555165
	 	DONG HAN INTERNATIONAL CO., LTD.	 	Sight	 	05/12/2005	 	193,841.90                    USD
	0514AK05BR008
	 	REPUBLIC OF KOREA	 	 	 	07/17/2005	 	193,841.90                    USD
	 
	 	 	 	 	 	 	 	 	 	 
	5815555166
	 	HT TRADING LIMITED	 	Sight	 	05/12/2005	 	231,847.11                    USD
	0515HTK030/05
	 	MACAU	 	 	 	06/12/2005	 	231,847.11                    USD
	 	 	 	 	 

					
	 	 	 	 	 
	Report Date 05/12/2005 08:07:10 (EDT)
	 	DAILY OUTSTANDING
	 	15 of 17

 

 

     

Outstanding Import Letters of Credit by Citibank LC Reference

	 	 	 	 	 	 	 	 	 	 	 
	 	 	Count for	 	949148	 	193	 	 	 	 
	 

	 	Total Number of Transactions
	 	 	 	193	 	 
	 	 	 
	 
	 

	 	Total Outstanding Amount for
	 	 	 	USD
	 	28,319,202.61 USD

					
	 	 	 	 	 
	Report Date 05/12/2005 08:07:10 (EDT)
	 	DAILY OUTSTANDING
	 	16 of 17

 

 

     

			
	Import L/C — Outstanding: by Bank Reference
	 	12 May 2005
	JONES APPAREL GROUP-NINEWEST
	 	8:28 AM

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Issue	 	Expiry	 	Currency	 	Outstanding Amount	 	Outstanding
	Fleet Reference	 	Jones Apparel Ref	 	Beneficiary Name	 	Date	 	Date	 	Code	 	in L/C Currency	 	Amount in USD
	01387078
	 	GV0060	 	HITECH TEXTILE LLC	 	11 Feb 2004	 	15 Jul 2004	 	USD	 	 	2,159,033.57	 	 	 	2,159,033.57	 
	64035922
	 	GV0105	 	DEFIANCE TRADING LLC	 	17 Mar 2004	 	24 Jun 2004	 	USD	 	 	311,283.48	 	 	 	311,283.48	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	Grand Totals:	 	 	 	Count:	 	 	2	 	 	 	2,470,317.05	 

Selection Criteria:

			
	 	 	 
	Page 1 of 1
	 	ImpBalBk.rpt

 

 

Schedule 7.1(b)

Subsidiaries and Capitalization

	 	 	 	 	 	 	 	 	 
	 	 	State/Country	 	 	 	 	 	 
	Name of Corporation	 	of Incorporation	 	Type of Shares	 	Shares Authorized	 	Shares Issued and Outstanding
	Apparel Testing Services, Inc.
	 	New Jersey	 	Common	 	1,000	 	100
	Asia Expert Limited
	 	Hong Kong	 	HK$	 	500,000	 	100
	Barney’s, Inc.
	 	New York	 	Common	 	15,000	 	8,560
	 
	 	 	 	Preferred	 	400,000	 	N/A
	 
	 	 	 	Prior Preferred	 	50,000	 	N/A
	Barneys America (Chicago) Lease Corp.
	 	Delaware	 	Common	 	1,000	 	100
	Barneys America, Inc.
	 	Delaware	 	Common	 	1,000	 	1,000
	Barneys Asia Co LLC
	 	Delaware	 	Membership Interest**	 	N/A	 	N/A
	Barneys New York, Inc.
	 	Delaware	 	Common	 	1,000	 	1,000
	Barneys (CA) Lease Corp.
	 	Delaware	 	Common	 	1,000	 	100
	Barneys (NY) Lease Corp.
	 	Delaware	 	Common	 	1,000	 	100
	Basco All-American Sportswear Corp.
	 	New York	 	Common	 	200	 	100
	BNY Licensing Corp.
	 	Delaware	 	Common	 	1,000	 	200
	Exportex de Mexico, S.A. de C.V.
	 	Mexico	 	Common	 	1,000	 	1,000
	Greater Durango, S. de R.L. de C.V.
	 	Mexico	 	Common	 	3,000	 	3,000
	Import Technology of Texas, Inc.
	 	Texas	 	Common	 	500,000	 	1,000
	JAG Management Services, Inc.
	 	Delaware	 	Common	 	200	 	60
	Jones Apparel Group Canada, LP (Limited Partnership)
	 	Canada	 	 	 	 	 	.1% is owned by Jones Canada Inc., as general partner; and 476 partnership units are owned by Jones Apparel Group Canada ULC, as limited partner
	Jones Apparel Group Canada ULC (Unlimited Liability Company)
	 	Canada	 	Common	 	100,000,000	 	171,500
	Jones Apparel Group Holdings, Inc.
	 	Delaware	 	Common	 	1,000	 	1,000
	Jones Apparel Group, Inc.
	 	Pennsylvania	 	Common	 	201,000,000	 	122,077,942*
	Jones Apparel Group USA, Inc.
	 	Pennsylvania	 	Common	 	1,000	 	1,000
	Jones Apparel of Texas, Ltd. (Limited Partnership)
	 	Texas	 	 	 	 	 	.5% is owned by Import Technology of Texas, Inc. and 99.5% is owned by Sun Apparel, Inc.
	Jones Canada Inc.
	 	Canada	 	Common	 	Unlimited	 	100
	Jones Factor Company
	 	Delaware	 	Common	 	1,000	 	1,000
	Jones Holding Inc. (formerly known as Kasper Holdings, Inc.)
	 	Delaware	 	Common	 	1,000	 	100
	Jones International Limited
	 	Hong Kong	 	Common	 	100	 	100
	Jones Investment Co. Inc.
	 	Delaware	 	Common	 	200	 	100
	Jones Management Service Company
	 	Delaware	 	Common	 	1,000	 	1,000
	Jones Retail Corporation
	 	New Jersey	 	Common	 	1,000	 	100
	Kasper, Ltd.
	 	Delaware	 	Common	 	1,000	 	100
	Kasper Europe, Ltd.
	 	Delaware	 	Common	 	1,500	 	100
	Lion Licensing, Ltd
	 	Delaware	 	Common	 	1,000	 	100
	Maquilas Pami, S.A. de C.V.
	 	Mexico	 	Common	 	100	 	100
	Manufacturera Sun Apparel, S. de R.L. de C.V.
	 	Mexico	 	Common	 	3,000	 	3,000
	Maxwell Footwear of California, Inc.
	 	Delaware	 	Common	 	1,000	 	100
	McNaughton
Apparel Group Inc.(formerly known as Norton McNaughton of Squire, Inc.)
	 	New York	 	Common	 	15,000	 	10,000
	 
	 	 	 	Preferred A	 	200,000	 	200,000
	Nine West Accessories (HK) Limited
	 	Hong Kong	 	Ordinary	 	10,000	 	2
	Nine West Canada Corporation (in liquidation)
	 	Canada	 	Common	 	Unlimited	 	1
	Nine West Development Corporation
	 	Delaware	 	Common	 	3,000	 	1,000
	Nine West Footwear Corporation
	 	Delaware	 	Common	 	3,000	 	1,000
	Nine West Group Italy S.r.l. (in liquidation)
	 	Italy	 	Ordinary	 	20,000,000	 	20,000
	Nine West Melbourne Pty Ltd
	 	Australia	 	Ordinary	 	100,000	 	100
	N.M. Squire Limited
	 	Kenya	 	Shillings	 	20 Shillings	 	2
	Sun Apparel, Inc.
	 	Delaware	 	Common	 	200	 	200
	Victoria + Co International Ltd.
	 	Delaware	 	Common	 	1,000	 	1,000
	Victoria + Co Ltd.
	 	Rhode Island	 	Common	 	50,000	 	3,450

 

			
	*	 	This outstanding amount is as of 3/18/05.
	 
	**	 	BNY Licensing Corp. owns 70% interest

 

 

Schedule 7.1(n)

Material Adverse Change

None

 

 

Schedule
7.1(p)

Page 1 of
5

JON ES APPAREL GROUP, INC.

SCHEDULE OF DEBT

AS OF APRIL 30, 2005

	 	 	 	 	 	 	 	 	 
	 	 	 	Interest Rate	 	 	Balance at 4/30	 
	Jones Apparel Group USA, Inc.
	 	 	 	 	 	 	 	 
	 
	Bank of America
	 	 	 	 	 	 	 	 
	(Tennessee warehouses)
	 	Various	 	 	$	666,666	 
	Capital Leases
	 	 	 	 	 	 	 	 
	Equipment
	 	Various	 	 	$	14,717,388	 
	7.875% Senior Notes due 2006
	 	 	7.875	%	 	$	224,649,582	 
	4.250% Senior Notes due 2009
	 	 	4.250	%	 	$	249,791,081	 
	5.125% Senior Notes due 2014
	 	 	5.125	%	 	$	249,799,625	 
	6.125% Senior Notes due 2034
	 	 	6.125	%	 	$	249,566,720	 
	 
	Nine West Group, Inc.
	 	 	 	 	 	 	 	 
	 
	8.375% Series B Senior Notes due 2005
	 	 	8.375	%	 	$	129,585,807	 
	Barneys
	 	 	 	 	 	 	 	 
	 
	9.000% Senior Secured Note due 2006
	 	 	9.000	%	 	$	3,335,855	 
	 
	Jones Retail Corporation
	 	 	 	 	 	 	 	 
	 
	Capital Leases
	 	 	 	 	 	 	 	 
	Equipment
	 	Various	 	 	$	571,778	 
	 
	McNaughton
	 	 	 	 	 	 	 	 
	 
	Capital Lease
	 	 	 	 	 	 	 	 
	(Virginia warehouse)
	 	 	7.20	%	 	$	24,323,227	 
	 
	Jones Management Service
	 	 	 	 	 	 	 	 
	 
	Capital Leases
	 	 	 	 	 	 	 	 
	Equipment
	 	Various	 	 	$	2,438,955	 
	 
	Jones International Limited
	 	 	 	 	 	 	 	 
	 
	Capital Leases
	 	 	 	 	 	 	 	 
	Equipment
	 	Various	 	 	$	25,440	 

 

 

Schedule
7.1(p)

JON ES APPAREL GROUP, INC.

SCHEDULE OF DEBT

AS OF APRIL 30, 2005

	 	 	 	 	 	 	 	 	 
	 	 	Interest Rate	 	 	Balance at 4/30	 
	Jones Apparel Group USA, Inc.
	 	 	 	 	 	 	 	 
	 
	Bank of America
	 	 	 	 	 	 	 	 
	(Tennessee warehouses)
	 	Various	 	 	$	666,666	 
	Capital Leases
	 	 	 	 	 	 	 	 
	Equipment
	 	Various	 	 	$	14,717,388	 
	 
	7.875% Senior Notes due 2006
	 	 	7.875	%	 	$	224,649,582	 
	4.250% Senior Notes due 2009
	 	 	4.250	%	 	$	249,791,081	 
	5.125% Senior Notes due 2014
	 	 	5.125	%	 	$	249,799,625	 
	6.125% Senior Notes due 2034
	 	 	6.125	%	 	$	249,566,720	 
	 
	Nine West Group, Inc.
	 	 	 	 	 	 	 	 
	 
	8.375% Series B Senior Notes due 2005
	 	 	8.375	%	 	$	129,585,807	 
	 
	Barneys
	 	 	 	 	 	 	 	 
	 
	9.000% Senior Secured Note due 2006
	 	 	9.000	%	 	$	3,335,855	 
	 
	Jones Retail Corporation
	 	 	 	 	 	 	 	 
	 
	Capital Leases
	 	 	 	 	 	 	 	 
	Equipment
	 	Various	 	 	$	571,778	 
	 
	McNaughton
	 	 	 	 	 	 	 	 
	 
	Capital Lease
	 	 	 	 	 	 	 	 
	(Virginia warehouse)
	 	 	7.20	%	 	$	24,323,227	 
	 
	Jones Management Service
	 	 	 	 	 	 	 	 
	 
	Capital Leases
	 	 	 	 	 	 	 	 
	Equipment
	 	Various	 	 	$	2,438,955	 
	 
	Jones International Limited
	 	 	 	 	 	 	 	 
	 
	Capital Leases
	 	 	 	 	 	 	 	 
	Equipment
	 	Various	 	 	$	25,440	 

 

 

JONES APPAREL GROUP, INC.

SCHEDULE OF INTERCOMPANY DEBT

AS OF APRIL 30, 2005

	 	 	 	 	 	 	 	 	 
	Jones Apparel Group USA, Inc.
	 	 	 	 	 	 	 	 
	Due to Jones Canada
	 	$	5,914,142	 	 	 	 	 
	Due to Lion Licensing, LTD
	 	 	28,096	 	 	 	 	 
	Due to Nine West Footwear
	 	 	1,078,354,225	 	 	 	 	 
	Due to Jones Apparel of Texas
	 	 	241,669,644	 	 	 	 	 
	Due to RL Management, Inc.
	 	 	1,374,003	 	 	 	 	 
	Due to Jones Investment Company
	 	 	103,714,153	 	 	 	 	 
	Due to Apparel Testing Services
	 	 	1,859,123	 	 	 	 	 
	Due to Jones Factor Company
	 	 	1,887	 	 	 	 	 
	Due to Victoria
	 	 	6,836,440	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	1,439,751,713	 
	 
	 	 	 	 	 	 	 	 
	Nine West Footwear
	 	 	 	 	 	 	 	 
	Due to Jones Apparel Group, Inc.
	 	$	1,535,654	 	 	 	 	 
	Due to Jones Canada
	 	 	4,305	 	 	 	 	 
	Due to Nine West Retail
	 	 	791,336,221	 	 	 	 	 
	Due to Jones Management Service Company
	 	 	25,061,097	 	 	 	 	 
	Due to Jones Investment Company
	 	 	1,096,350	 	 	 	 	 
	Due to Jones Apparel Group Holdings
	 	 	2,063,446	 	 	 	 	 
	Due to Nine West Development
	 	 	163,772,395	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	984,869,468	 
	 
	 	 	 	 	 	 	 	 
	Jones Apparel of Texas
	 	 	 	 	 	 	 	 
	Due to Jones Apparel Group, Inc.
	 	$	15,208,537	 	 	 	 	 
	Due to Jones Apparel Group USA
	 	 	73,999,663	 	 	 	 	 
	Due to Jones Canada
	 	 	136,247	 	 	 	 	 
	Due to McNaughton Apparel
	 	 	2,367,231	 	 	 	 	 
	Due to Kasper
	 	 	8,834	 	 	 	 	 
	Due to Jones Management Service Company
	 	 	17,964,343	 	 	 	 	 
	Due to Jones Investment Company
	 	 	8,948,590	 	 	 	 	 
	Due to Apparel Testing Services
	 	 	105,923	 	 	 	 	 
	Due to Jones International Limited
	 	 	5,858,438	 	 	 	 	 
	Due to Nine West Retail
	 	 	13,475,857	 	 	 	 	 
	Due to Nine West Footwear
	 	 	888,453	 	 	 	 	 
	Due to Nine West Development
	 	 	97,871,120	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	236,833,236	 
	 
	 	 	 	 	 	 	 	 
	Barneys
	 	 	 	 	 	 	 	 
	Due to Jones Apparel Group USA
	 	 	 	 	 	 	102,090,463	 

2

 

	 	 	 	 	 	 	 	 	 

	Jones Retail Corp.
	 	 	 	 	 	 	 	 
	Due to Jones Apparel Group USA
	 	$	829,643,103	 	 	 	 	 
	Due to Jones Apparel Group, Inc.
	 	 	2,462,298	 	 	 	 	 
	Due to Kasper Europe
	 	 	104,822	 	 	 	 	 
	Due to Kasper
	 	 	93,796,694	 	 	 	 	 
	Due to Lion Licensing, LTD
	 	 	76,916	 	 	 	 	 
	Due to Nine West Footwear
	 	 	245,785	 	 	 	 	 
	Due to Nine West Development
	 	 	65,604,335	 	 	 	 	 
	Due to Jones Management Service Company
	 	 	8,415,261	 	 	 	 	 
	Due to Jones Investment Company
	 	 	96,005,407	 	 	 	 	 
	Due to Jones Factor Company
	 	 	2,941	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	1,096,357,562	 
	 
	 	 	 	 	 	 	 	 
	Jones Apparel Group Canada Inc.
	 	 	 	 	 	 	 	 
	Due to Jones Management Service Company
	 	$	3,495	 	 	 	 	 
	Due to Jones Holding
	 	 	203,779,179	 	 	 	 	 
	Due to McNaughton Apparel
	 	 	26,636	 	 	 	 	 
	Due to Jones Retail Corporation
	 	 	3,402	 	 	 	 	 
	Due to Jones International Limited
	 	 	2,535,007	 	 	 	 	 
	Due to Jones Apparel Group, Inc.
	 	 	4,393,427	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	210,741,146	 
	 
	 	 	 	 	 	 	 	 
	Victoria + Co
	 	 	 	 	 	 	 	 
	Due to Kasper
	 	$	2,000	 	 	 	 	 
	Due to Jones Investment Company
	 	 	18,777,675	 	 	 	 	 
	Due to Jones Apparel Group, Inc.
	 	 	1,097,273	 	 	 	 	 
	Due to Jones Apparel of Texas
	 	 	145,225	 	 	 	 	 
	Due to Jones Management Service Company
	 	 	35,026,009	 	 	 	 	 
	Due to Nine West Retail
	 	 	1,988,992	 	 	 	 	 
	Due to Nine West Development
	 	 	3,887,989	 	 	 	 	 
	Due to Nine West Footwear
	 	 	6,969,768	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	67,894,931	 
	 
	 	 	 	 	 	 	 	 
	McNaughton Apparel Group
	 	 	 	 	 	 	 	 
	Due to Nine West Retail
	 	$	6,487,830	 	 	 	 	 
	Due to Jones Management Service Company
	 	 	14,148,927	 	 	 	 	 
	Due to Jones Apparel Group USA
	 	 	110,388,211	 	 	 	 	 
	Due to RL Management, Inc
	 	 	2,083	 	 	 	 	 
	Due to Victoria
	 	 	2,047,584	 	 	 	 	 
	Due to Nine West Footwear
	 	 	377,220	 	 	 	 	 
	Due to Apparel Testing Services
	 	 	253,682	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	133,705,537	 
	Jones Investment Company Inc.
	 	 	 	 	 	 	 	 
	Due to Kasper
	 	$	37,710,115	 	 	 	 	 
	Due to Lion Licensing, LTD
	 	 	4,467,658	 	 	 	 	 
	Due to Nine West Retail
	 	 	41,970,199	 	 	 	 	 
	Due to McNaughton Apparel
	 	 	154,558,047	 	 	 	 	 
	Due to Jones Canada
	 	 	3,076	 	 	 	 	 
	Due to Apparel Testing Services
	 	 	130,000	 	 	 	 	 
	Due to Jones Apparel Group Holdings
	 	 	2,913,441	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	241,752,536	 

3

 

	 	 	 	 	 	 	 	 	 

	Jones Apparel Group Holdings, Inc.
	 	 	 	 	 	 	 	 
	Due to Jones Apparel Group USA
	 	$	762,759,632	 	 	 	 	 
	Due to Jones Apparel Group, Inc.
	 	 	119,529	 	 	 	 	 
	Due to Nine West Retail
	 	 	23,667,940	 	 	 	 	 
	Due to Jones Factor Company
	 	 	8	 	 	 	 	 
	Due to Nine West Melbourne Party
	 	 	4,234,446	 	 	 	 	 
	Due to Nine West Development
	 	 	585,345	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	791,366,900	 
	 
	 	 	 	 	 	 	 	 
	Jones Management Service Company
	 	 	 	 	 	 	 	 
	Due to Jones Apparel Group USA
	 	$	55,315,697	 	 	 	 	 
	Due to RL Management, Inc.
	 	 	423,377	 	 	 	 	 
	Due to Nine West Development
	 	 	23,147,680	 	 	 	 	 
	Due to Jones Investment Company
	 	 	32,367,604	 	 	 	 	 
	Due to Jones Apparel Group Holdings
	 	 	283,913	 	 	 	 	 
	Due to Jones International Limited
	 	 	698,252	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	112,236,523	 
	 
	 	 	 	 	 	 	 	 
	Nine West Development Corp.
	 	 	 	 	 	 	 	 
	Due to Jones Investment Company
	 	$	17,358,152	 	 	 	 	 
	Due to Nine West Footwear
	 	 	17,429,336	 	 	 	 	 
	Due to McNaughton Apparel
	 	 	92,158,944	 	 	 	 	 
	Due to Jones Apparel Group, USA
	 	 	10,136,965	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	137,083,397	 
	 
	 	 	 	 	 	 	 	 
	Nine West International — Canada
	 	 	 	 	 	 	 	 
	Due to Jones Apparel Group USA
	 	$	12,425	 	 	 	 	 
	Due to Jones Retail Corporation
	 	 	148,189	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	160,614	 
	 
	 	 	 	 	 	 	 	 
	Nine West International — Hong Kong
	 	 	 	 	 	 	 	 
	Due to Jones Apparel Group USA
	 	$	495	 	 	 	 	 
	Due to Jones Retail Corporation
	 	 	36,326	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	36,821	 
	 
	 	 	 	 	 	 	 	 
	Nine West International — Italy
	 	 	 	 	 	 	 	 
	Due to Jones Retail Corporation
	 	 	 	 	 	 	298,387	 
	 
	 	 	 	 	 	 	 	 
	Jones International, Ltd.
	 	 	 	 	 	 	 	 
	Due to Jones Apparel Group USA
	 	$	8,990,826	 	 	 	 	 
	Due to Kasper
	 	 	2,416,925	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	11,407,751	 
	 
	 	 	 	 	 	 	 	 
	Jones Factor Company
	 	 	 	 	 	 	 	 
	Due to Jones Management Service Company
	 	$	9,083	 	 	 	 	 
	Due to Nine West Development
	 	 	10,992	 	 	 	 	 
	 
	 	 	 	 	 	 	20,075	 
	 
	 	 	 	 	 	 	 	 
	Jones Apparel Group, Inc.
	 	 	 	 	 	 	 	 
	Due to Jones Apparel Group, USA
	 	$	361,359,789	 	 	 	 	 
	Due to McNaughton Apparel
	 	 	13,357,267	 	 	 	 	 
	Due to Jones Apparel of Texas
	 	 	15,663	 	 	 	 	 
	Due to Jones Management Service Company
	 	 	234,565	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	374,967,284	 

4

 

	 	 	 	 	 	 	 	 	 

	JAG Management Services
	 	 	 	 	 	 	 	 
	Due to Jones Apparel Group, Inc.
	 	$	6,667	 	 	 	 	 
	Due to Jones Retail Corporation
	 	 	76,774	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	83,441	 
	 
	 	 	 	 	 	 	 	 
	Apparel Testing Services
	 	 	 	 	 	 	 	 
	Due to Jones Management Service Company
	 	$	2,056,741	 	 	 	 	 
	Due to Nine West Development.
	 	 	432,572	 	 	 	 	 
	Due to Jones Retail Corporation
	 	 	198,251	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	2,687,564	 
	 
	 	 	 	 	 	 	 	 
	Kasper
	 	 	 	 	 	 	 	 
	Due to Jones Canada
	 	$	6,955,056	 	 	 	 	 
	Due to Jones Apparel Group USA
	 	 	16,493,009	 	 	 	 	 
	Due to Jones Apparel Group, Inc.
	 	 	689,919	 	 	 	 	 
	Due to Jones Apparel of Texas
	 	 	8,512,259	 	 	 	 	 
	Due to Asia Expert LTD
	 	 	3,099,433	 	 	 	 	 
	Due to Nine West Footwear
	 	 	6,887,689	 	 	 	 	 
	Due to McNaughton Apparel
	 	 	438,673	 	 	 	 	 
	Due to Jones International Limited
	 	 	952,973	 	 	 	 	 
	Due to Jones Management Service Company
	 	 	6,496,081	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	50,525,092	 
	 
	 	 	 	 	 	 	 	 
	Lion Licensing
	 	 	 	 	 	 	 	 
	Due to Jones Management Service Company
	 	$	160,307	 	 	 	 	 
	Due to Nine West Development
	 	 	11,438	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	171,745	 
	 
	 	 	 	 	 	 	 	 
	Jones Holding
	 	 	 	 	 	 	 	 
	Due to Jones Apparel Group USA
	 	 	 	 	 	 	100,000	 
	 
	 	 	 	 	 	 	 	 
	Asia Expert LTD
	 	 	 	 	 	 	 	 
	Due to Jones Apparel Group USA
	 	 	 	 	 	 	3,099,433	 
	 
	 	 	 	 	 	 	 	 
	Nine West Melbourne Party
	 	 	 	 	 	 	 	 
	Due to Jones Management Service Company
	 	 	 	 	 	 	138,789	 
	 
	 	 	 	 	 	 	 	 
	Hong Kong LTD
	 	 	 	 	 	 	 	 
	Due to Nine West Footwear
	 	 	 	 	 	 	619,360	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	$	5,998,999,768	 
	 
	 	 	 	 	 	 	 

5

 

Schedule 7.1 (q)

Litigation

None

 

 

Schedule 11.3

Existing Liens

	1.	 	Liens, if any, in respect of certain computer equipment, POS equipment, warehouse
equipment, copiers and other office equipment and office furniture used by the Credit
Parties and their Subsidiaries which are subject to leases, which Liens, in the
aggregate, do not have a Material Adverse Effect.

	 
	2.	 	Liens, if any, in respect of the intellectual property acquired pursuant to the
acquisition by Nine West Group Inc. of the footwear business of The United States Shoe
Corporation, which Liens, in the aggregate, do not have a Material Adverse Effect.

	 
	3.	 	Liens in respect of the property acquired pursuant to the acquisition by Jones Apparel
Group, Inc. of Barneys New York, Inc., which Liens secure the 9.000% Senior Secured
Notes due 2006.

 

 

Schedule 11.4

Page 1 of 3

JONES APPAREL GROUP, INC.

LOANS AND ADVANCES TO CONTRACTORS

AS OF APRIL 30, 2005

	 	 	 	 	 

	TOTAL LOANS AND ADVANCES
TO CONTRACTORS
	 	$	0	 
	 
	 	 	 

 

 

Schedule 11.4

Page 2 of 3

JONES APPAREL GROUP, INC.

LOANS AND ADVANCES TO EMPLOYEES

AS OF APRIL 30, 2005

	 	 	 	 	 

	SUN APPAREL
	 	$	71,231	 
	 
	JONES MANAGEMENT SERVICE COMPANY
	 	$	30,646	 
	 
	JONES CANADA
	 	$	4,005	 
	 
	 	 	 
	 
	 	 	 	 
	TOTAL LOANS AND ADVANCES
TO EMPLOYEES
	 	$	105,882	 
	 
	 	 	 

 

 

Schedule 11.4

Page 3 of 3

JONES APPAREL GROUP, INC.

INVESTMENTS

AS OF APRIL 30, 2005

	 	 	 	 	 

	JAG USA
	 	$	1,606,375	 
	JONES INVESTMENT
	 	$	0	 
	 
	 	 	 
	 
	 	 	 	 
	TOTAL INVESTMENTS (including overnight deposits)
	 	$	1,606,375

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00176-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00176-of-00352.parquet"}]]