Document:

exv10w42

Exhibit 10.42

EXECUTION
COPY

AMENDMENT NO. 6

TO

RECEIVABLES PURCHASE AGREEMENT

     THIS AMENDMENT NO. 6 TO RECEIVABLES PURCHASE AGREEMENT (this “Amendment”), dated as of
December 17, 2010, is entered into among HBI RECEIVABLES LLC, as seller (“Seller”),
HANESBRANDS INC., in its capacity as servicer (in such capacity, the “Servicer”), the
Committed Purchasers party hereto, the Conduit Purchasers party hereto, the Managing Agents party
hereto, and HSBC SECURITIES (USA) INC. (“HSBC”), as assignee of JPMORGAN CHASE BANK, N.A.,
as agent (in such capacity, the “Agent”). Capitalized terms used herein without definition
shall have the meanings ascribed thereto in the “Purchase Agreement” referred to below.

PRELIMINARY STATEMENTS

     A. Reference is made to that certain Receivables Purchase Agreement dated as of November 27,
2007 among Seller, Servicer, the Committed Purchasers, the Conduit Purchasers, the Managing Agents
and the Agent (as amended prior to the date hereof and as the same may be further amended,
restated, supplemented or modified from time to time, the “Purchase Agreement”).

     B. For good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto have agreed to amend certain provisions of the Purchase Agreement
upon the terms and conditions set forth herein.

     SECTION 1. Amendment. Subject to the satisfaction of the conditions precedent set
forth in Section 3 hereof, the parties hereto hereby agree to amend the Purchase Agreement
as follows:

     (a) Exhibit I to the Purchase Agreement is hereby amended to delete the
definition of “Facility Termination Date” in its entirety and replace it with the following:

     “Facility Termination Date” means the earliest to occur of (i)
February 1, 2011 and (ii) the Amortization Date.

     SECTION 2. Representations and Warranties. Each of the Seller and the Servicer
hereby represents and warrants to each of the other parties hereto, as to itself that:

     (a) It has all necessary corporate or company power and authority to execute and
deliver this Amendment and to perform its obligations under the Purchase Agreement as
amended hereby, the execution and delivery of this Amendment and the performance of its
obligations under the Purchase Agreement as amended hereby has been duly authorized by all
necessary corporate or company action on its part and this Amendment constitutes its legal,
valid and binding obligation, enforceable against it in accordance with its terms, except as
such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or
other similar laws relating to or limiting creditors’ rights

 

 

generally and by general principles of equity (regardless of whether enforcement is
sought in a proceeding in equity or at law).

     (b) On the date hereof, before and after giving effect to this Amendment, (i) no
Amortization Event or Potential Amortization Event has occurred and is continuing and (ii)
the aggregate Purchaser Interests do not exceed 100%.

     SECTION 3. Conditions Precedent. This Amendment shall become effective on the first
Business Day (the “Effective Date”) on which the Agent or its counsel has received five (5)
counterpart signature pages to this Amendment executed by each of the parties hereto.

     SECTION 4. Reference to and Effect on the Transaction Documents.

     (a) Upon the effectiveness of this Amendment, (i) each reference in the Purchase
Agreement to “this Receivables Purchase Agreement”, “this Agreement”, “hereunder”, “hereof”,
“herein” or words of like import shall mean and be a reference to the Purchase Agreement as
amended or otherwise modified hereby, and (ii) each reference to the Purchase Agreement in
any other Transaction Document or any other document, instrument or agreement executed
and/or delivered in connection therewith, shall mean and be a reference to the Purchase
Agreement as amended or otherwise modified hereby.

     (b) Except as specifically amended, terminated or otherwise modified above, the terms
and conditions of the Purchase Agreement, of all other Transaction Documents and any other
documents, instruments and agreements executed and/or delivered in connection therewith,
shall remain in full force and effect and are hereby ratified and confirmed.

     (c) The execution, delivery and effectiveness of this Amendment shall not operate as a
waiver of any right, power or remedy of the Agent, any Managing Agent or any Purchaser under
the Purchase Agreement or any other Transaction Document or any other document, instrument
or agreement executed in connection therewith, nor constitute a waiver of any provision
contained therein.

2

 

     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
executed and delivered shall be deemed to be an original and all of which taken together shall
constitute but one and the same instrument. Delivery of an executed counterpart of a signature
page to this Amendment by facsimile or other electronic format 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 INTERNAL LAWS (AND NOT THE LAW OF CONFLICTS) OF THE STATE OF NEW YORK.

     SECTION 7. Headings. Section headings in this Amendment are included herein for
convenience of reference only and shall not constitute a part of this Amendment for any other
purpose.

     SECTION 8. Fees and Expenses. Seller hereby confirms its agreement to pay on demand
all reasonable costs and expenses of the Agent, the Managing Agents or Purchasers in connection
with the preparation, execution and delivery of this Amendment and any of the other instruments,
documents and agreements to be executed and/or delivered in connection herewith, including, without
limitation, the reasonable fees and out-of-pocket expenses of counsel to the Agent, Managing Agents
or Purchasers with respect thereto.

[Remainder of Page Deliberately Left Blank]

3

 

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

	 	 	 	 	 
	 

	 	HBI RECEIVABLES LLC, as Seller
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Richard D. Moss
	 

	 	 	 	 
	 

	 	 	 	Name: Richard D. Moss

Title:   President and Chief Executive Officer
	 
	 	 	 	 
	 

	 	HANESBRANDS INC., as Servicer
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Richard D. Moss
	 

	 	 	 	 
	 

	 	 	 	Name: Richard D. Moss

Title:   Senior Vice President and Treasurer

Signature Page

to

Amendment No. 6 to RPA

 

 

	 	 	 	 	 
	 

	 	BRYANT PARK FUNDING LLC, as a Conduit Purchaser
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Kevin Burns
	 

	 	 	 	 
	 

	 	 	 	Name: Kevin Burns

Title:   Vice President
	 
	 	 	 	 
	 

	 	HSBC SECURITIES (USA) Inc., as a Managing Agent

and Agent
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Suzanna Baird
	 

	 	 	 	 
	 

	 	 	 	Name: Suzanna Baird

Title:   Vice President
	 
	 	 	 	 
	 

	 	HSBC BANK PLC, as a Committed Purchaser
	 
	 	 	 	 
	 

	 	By:
	 	/s/ David Harris
	 

	 	 	 	 
	 

	 	 	 	Name: David Harris

Title:   Vice President

Signature Page

to

Amendment No. 6 to RPA

 

 

	 	 	 	 	 
	 

	 	MARKET STREET FUNDING LLC, as a Conduit Purchaser
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Doris J. Hearn
	 

	 	 	 	 
	 

	 	 	 	Name: Doris J. Hearn

Title:   Vice President
	 
	 	 	 	 
	 

	 	PNC BANK, N.A., as a Committed Purchaser and as a

Managing Agent
	 
	 	 	 	 
	 

	 	By:
	 	/s/ William P. Falcon
	 

	 	 	 	 
	 

	 	 	 	Name: William P. Falcon

Title:   Vice President

Signature Page

to

Amendment No. 6 to RPAexv10w43

Exhibit 10.43

EXECUTION
COPY

AMENDMENT NO. 7

TO

RECEIVABLES PURCHASE AGREEMENT

          THIS AMENDMENT NO. 7 TO RECEIVABLES PURCHASE AGREEMENT (this “Amendment”), dated as of
January 31, 2011, is entered into among HBI RECEIVABLES LLC, as seller (“Seller”),
HANESBRANDS INC., in its capacity as servicer (in such capacity, the “Servicer”), the
Committed Purchasers party hereto, the Conduit Purchasers party hereto, the Managing Agents party
hereto, and HSBC SECURITIES (USA) INC. (“HSBC”), as assignee of JPMORGAN CHASE BANK, N.A.,
as agent (in such capacity, the “Agent”). Capitalized terms used herein without definition
shall have the meanings ascribed thereto in the “Purchase Agreement” referred to below.

PRELIMINARY STATEMENTS

          A. Reference is made to that certain Receivables Purchase Agreement dated as of November 27,
2007 among Seller, Servicer, the Committed Purchasers, the Conduit Purchasers, the Managing Agents
and the Agent (as amended prior to the date hereof and as the same may be further amended,
restated, supplemented or modified from time to time, the “Purchase Agreement”).

          B. For good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto have agreed to amend certain provisions of the Purchase Agreement
upon the terms and conditions set forth herein.

     SECTION 1. Amendments. Subject to the satisfaction of the conditions precedent set
forth in Section 3 hereof, the Purchase Agreement is hereby amended in accordance with
Annex I hereto: (a) by deleting each term thereof which is lined out and (b) by inserting
each term thereof which is double underlined, in each case in the place where such term appears
therein. Upon giving effect to this Amendment, the document attached as Annex I hereto
shall constitute a conformed copy of the Purchase Agreement.

     SECTION 2. Representations and Warranties. Each of the Seller and the Servicer
hereby represents and warrants to each of the other parties hereto, as to itself that:

     (a) It has all necessary corporate or company power and authority to execute and
deliver this Amendment and to perform its obligations under the Purchase Agreement as
amended hereby, the execution and delivery of this Amendment and the performance of its
obligations under the Purchase Agreement as amended hereby has been duly authorized by all
necessary corporate or company action on its part and this Amendment constitutes its legal,
valid and binding obligation, enforceable against it in accordance with its terms, except as
such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or
other similar laws relating to or limiting creditors’ rights generally and by general
principles of equity (regardless of whether enforcement is sought in a proceeding in equity
or at law).

	 	 	 
	*

	 	PORTIONS OF THIS DOCUMENT HAVE
BEEN OMITTED PURSUANT TO A CONFIDENTIAL TREATMENT REQUEST

 

 

     (b) On the date hereof, before and after giving effect to this Amendment, (i) no
Amortization Event or Potential Amortization Event has occurred and is continuing and (ii)
the aggregate Purchaser Interests do not exceed 100%.

     SECTION 3. Conditions Precedent. This Amendment shall become effective on the first
Business Day (the “Effective Date”) on which the Agent or its counsel has received five (5)
counterpart signature pages to this Amendment executed by each of the parties hereto.

     SECTION 4. Reference to and Effect on the Transaction Documents.

     (a) Upon the effectiveness of this Amendment, (i) each reference in the Purchase
Agreement to “this Receivables Purchase Agreement”, “this Agreement”, “hereunder”, “hereof”,
“herein” or words of like import shall mean and be a reference to the Purchase Agreement as
amended or otherwise modified hereby, and (ii) each reference to the Purchase Agreement in
any other Transaction Document or any other document, instrument or agreement executed
and/or delivered in connection therewith, shall mean and be a reference to the Purchase
Agreement as amended or otherwise modified hereby.

     (b) Except as specifically amended, terminated or otherwise modified above, the terms
and conditions of the Purchase Agreement, of all other Transaction Documents and any other
documents, instruments and agreements executed and/or delivered in connection therewith,
shall remain in full force and effect and are hereby ratified and confirmed.

     (c) The execution, delivery and effectiveness of this Amendment shall not operate as a
waiver of any right, power or remedy of the Agent, any Managing Agent or any Purchaser under
the Purchase Agreement or any other Transaction Document or any other document, instrument
or agreement executed in connection therewith, nor constitute a waiver of any provision
contained therein.

     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
executed and delivered shall be deemed to be an original and all of which taken together shall
constitute but one and the same instrument. Delivery of an executed counterpart of a signature
page to this Amendment by facsimile or other electronic format 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 INTERNAL LAWS (AND NOT THE LAW OF CONFLICTS) OF THE STATE OF NEW YORK.

     SECTION 7. Headings. Section headings in this Amendment are included herein for
convenience of reference only and shall not constitute a part of this Amendment for any other
purpose.

     SECTION 8. Fees and Expenses. Seller hereby confirms its agreement to pay on demand
all reasonable costs and expenses of the Agent, the Managing Agents or Purchasers in

2

 

connection with the preparation, execution and delivery of this Amendment and any of the other
instruments, documents and agreements to be executed and/or delivered in connection herewith,
including, without limitation, the reasonable fees and out-of-pocket expenses of counsel to the
Agent, Managing Agents or Purchasers with respect thereto.

[Remainder of Page Deliberately Left Blank]

3

 

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

	 	 	 	 	 
	 

	 	HBI RECEIVABLES LLC, as Seller
	 
	 	 	 	 
	 

	 	By:
	 	/s/ James M. Schockett
	 

	 	 	 	 
	 

	 	 	 	Name: James M. Schockett

Title: Vice President and Treasurer
	 
	 	 	 	 
	 

	 	HANESBRANDS INC., as Servicer
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Richard D. Moss
	 

	 	 	 	 
	 

	 	 	 	Name: Richard D. Moss

Title: Chief Treasury and Tax Officer and Treasurer

Signature Page

to

Amendment No. 7 to RPA

 

 

	 	 	 	 	 
	 

	 	BRYANT PARK FUNDING LLC, as a Conduit Purchaser
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Damian Perez
	 

	 	 	 	 
	 

	 	 	 	Name: Damian Perez

Title: Vice President
	 
	 	 	 	 
	 

	 	HSBC SECURITIES (USA) Inc., as a Managing Agent and Agent
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Laurie Lawler
	 

	 	 	 	 
	 

	 	 	 	Name: Laurie Lawler

Title: Vice President
	 
	 	 	 	 
	 

	 	HSBC BANK PLC, as a Committed Purchaser
	 
	 	 	 	 
	 

	 	By:
	 	/s/ David Harris
	 

	 	 	 	 
	 

	 	 	 	Name: David Harris

Title: Associate Director

Signature Page

to

Amendment No. 7 to RPA

 

 

	 	 	 	 	 
	 

	 	MARKET STREET FUNDING LLC, as a Conduit Purchaser
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Doris J. Hearn
	 

	 	 	 	 
	 

	 	 	 	Name: Doris J. Hearn

Title: Vice President
	 
	 	 	 	 
	 

	 	PNC BANK, N.A., as a
Committed Purchaser and as a

Managing Agent
	 
	 	 	 	 
	 

	 	By:
	 	/s/William P. Falcon
	 

	 	 	 	 
	 

	 	 	 	Name: William P. Falcon

Title: Vice President

Signature Page

to

Amendment No. 7 to RPA

 

 

ANNEX
I

[See Attached]

 

 

ANNEX I  

CONFORMED COPY

RECEIVABLES PURCHASE AGREEMENT

dated as of November 27, 2007

AS MODIFIED BY

AMENDMENT NO. 1

Dated as of March 16, 2009,

AMENDMENT NO. 2

Dated as of April 13, 2009

AMENDMENT NO. 3

Dated as of August 14, 2009

AMENDMENT NO. 4

Dated as of December 10, 2009

AMENDMENT NO. 5

Dated as of December 21, 2009

and

AMENDMENT NO. 6

Dated as of December 17, 2010

and

AMENDMENT NO. 7

Dated as of January 31, 2011

Among

HBI RECEIVABLES LLC, as Seller,

HANESBRANDS INC., as Servicer,

THE COMMITTED PURCHASERS PARTY HERETO FROM TIME TO TIME,

THE CONDUIT PURCHASER PURCHASERS PARTY HERETO FROM TIME TO TIME,

THE MANAGING AGENTS PARTY HERETO FROM TIME TO TIME,

and

 

 

Conformed Copy

HSBC SECURITIES (USA) INC.1

as Agent

 

 

 

			
	1	 	Amendment No. 2 provided for each and every reference to “JPMorgan” and “JPMorgan
Chase Bank, N.A.”, insofar as such references are made to the Person serving as the “Agent”, to
replace such references with “HSBC” and “HSBC Securities (USA) Inc.”, respectively, throughout the
Purchase Agreement.

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	ARTICLE I PURCHASE ARRANGEMENTS
	 	 	1	 
	Section 1.1 Purchase Facility
	 	 	1	 
	Section 1.2 Increases
	 	 	2	 
	Section 1.3 Decreases
	 	 	2	 
	Section 1.4 Payment Requirements
	 	 	3	 
	ARTICLE II PAYMENTS AND COLLECTIONS
	 	 	3	 
	Section 2.1 Payments
	 	 	3	 
	Section 2.2 Collections Prior to Amortization
	 	 	4	 
	Section 2.3 Collections Following Amortization
	 	 	4	 
	Section 2.4 Application of Collections
	 	 	4	 
	Section 2.5 Payment Rescission
	 	 	5	 
	Section 2.6 Maximum Purchaser Interests
	 	 	5	 
	ARTICLE III COMPANY FUNDING
	 	 	5	 
	Section 3.1 Yield
	 	 	6	 
	Section 3.2 Yield Payments
	 	 	6	 
	Section 3.3 Calculation of Yield
	 	 	6	 
	ARTICLE IV COMMITTED PURCHASER FUNDING
	 	 	6	 
	Section 4.1 Committed Purchaser Funding
	 	 	6	 
	Section 4.2 Yield Payments
	 	 	6	 
	Section 4.3 Selection and Continuation of Tranche Periods
	 	 	6	 
	Section 4.4 Committed Purchaser Discount Rates
	 	 	7	 
	Section 4.5 Suspension of the LIBO Rate
	 	 	7	 
	ARTICLE V REPRESENTATIONS AND WARRANTIES
	 	 	8	 
	Section 5.1 Representations and Warranties of The Seller Parties
	 	 	8	 
	Section 5.2 Committed Purchaser Representations and Warranties
	 	 	12	 
	Section 5.3 Representations and Warranties Regarding Conduit Purchasers
	 	 	12	 
	ARTICLE VI CONDITIONS OF PURCHASES
	 	 	13	 
	Section 6.1 Conditions Precedent to Initial Incremental Purchase
	 	 	13	 
	Section 6.2 Conditions Precedent to All Purchases and Reinvestments
	 	 	13	 
	ARTICLE VII COVENANTS
	 	 	14	 
	Section 7.1 Affirmative Covenants of The Seller Parties
	 	 	14	 
	Section 7.2 Negative Covenants of The Seller Parties
	 	 	22	 
	ARTICLE VIII ADMINISTRATION AND COLLECTION
	 	 	24	 
	Section 8.1 Designation of Servicer
	 	 	24	 
	Section 8.2 Duties of Servicer
	 	 	24	 
	Section 8.3 Collection Notices
	 	 	26	 
	Section 8.4 Responsibilities of Seller
	 	 	26	 
	Section 8.5 Reports
	 	 	26	 
	Section 8.6 Servicing Fees
	 	 	26	 
	Section 8.7 Servicer Default
	 	 	27	 
	ARTICLE IX AMORTIZATION EVENTS
	 	 	27	 
	Section 9.1 Amortization Events
	 	 	27	 

i

 

	 	 	 	 	 
	 	 	Page	 
	Section 9.2 Remedies
	 	 	30	 
	ARTICLE X INDEMNIFICATION
	 	 	31	 
	Section 10.1 Indemnities by Seller
	 	 	31	 
	Section 10.2 Indemnities by Servicer
	 	 	33	 
	Section 10.3 Increased Cost and Reduced Return
	 	 	34	 
	Section 10.4 Other Costs and Expenses
	 	 	35	 
	Section 10.5 Accounting Based Consolidation Event
	 	 	35	 
	ARTICLE XI THE AGENT
	 	 	36	 
	Section 11.1 Authorization and Action
	 	 	36	 
	Section 11.2 Delegation of Duties
	 	 	37	 
	Section 11.3 Exculpatory Provisions
	 	 	37	 
	Section 11.4 Reliance by Agent
	 	 	37	 
	Section 11.5 Non-Reliance on Agent and Other Purchasers
	 	 	38	 
	Section 11.6 Reimbursement and Indemnification
	 	 	38	 
	Section 11.7 Agent in its Individual Capacity
	 	 	39	 
	Section 11.8 Successor Agent
	 	 	39	 
	ARTICLE XII ASSIGNMENTS; PARTICIPATIONS
	 	 	39	 
	Section 12.1 Assignments
	 	 	39	 
	Section 12.2 Participations
	 	 	41	 
	Section 12.3 Federal Reserve
	 	 	41	 
	ARTICLE XIV MISCELLANEOUS
	 	 	41	 
	Section 13.1 Waivers and Amendments
	 	 	41	 
	Section 13.2 Notices
	 	 	42	 
	Section 13.3 Ratable Payments
	 	 	42	 
	Section 13.4 Protection of Ownership Interests of the Purchasers
	 	 	43	 
	Section 13.5 Confidentiality
	 	 	43	 
	Section 13.6 Bankruptcy Petition
	 	 	45	 
	Section 13.7 Limited Recourse
	 	 	45	 
	Section 13.8 Limitation of Liability
	 	 	46	 
	Section 13.9 CHOICE OF LAW
	 	 	46	 
	Section 13.10 CONSENT TO JURISDICTION
	 	 	46	 
	Section 13.11 WAIVER OF JURY TRIAL
	 	 	46	 
	Section 13.12 Integration; Binding Effect; Survival of Terms
	 	 	47	 
	Section 13.13 Counterparts; Severability; Section References
	 	 	47	 
	Section 13.14 Agent Roles
	 	 	47	 
	Section 13.15 Characterization
	 	 	48	 
	Section 13.16 USA PATRIOT Act
	 	 	49	 
	Exhibits and Schedules
	 	 	i	 

ii

 

Exhibits and Schedules

	 	 	 

	Exhibit I

	 	Definitions
	Exhibit II

	 	Form of Purchase Notice
	Exhibit III

	 	Places of Business of the Seller Parties; Locations of Records; Federal
	 

	 	Employer Identification Number(s)
	Exhibit IV

	 	Form of Reduction Notice
	Exhibit V

	 	Form of Compliance Certificate
	Exhibit VI

	 	Form of Collection Account Agreement
	Exhibit VII

	 	Form of Assignment Agreement
	Exhibit VIII

	 	Credit and Collection Policy
	Exhibit IX

	 	Form of Contract(s)
	Exhibit X

	 	Form of Weekly Report
	Exhibit XI

	 	Form of Settlement Report
	Exhibit XII

	 	Financial Covenant Definitions[Reserved]
	Exhibit XIII

	 	Form of Daily Report
	 
	 	 
	Schedule A

	 	Commitments
	Schedule B

	 	Closing Documents
	Schedule C

	 	Special Concentration Limits
	Schedule D

	 	Calendar Months

i

 

HBI RECEIVABLES LLC

RECEIVABLES PURCHASE AGREEMENT

     This Receivables Purchase Agreement dated as of November 27, 2007 (this “Agreement”)
is among HBI Receivables LLC, a Delaware limited liability company (“Seller”), Hanesbrands
Inc., a Maryland corporation (“HBI”), as initial Servicer (the Servicer together with
Seller, the “Seller Parties” and each a “Seller Party”), the entities listed on
Schedule A to this Agreement as Committed Purchasers (together with their respective
successors and assigns hereunder, the “Committed Purchasers”), the entities listed on
Schedule A to this Agreement as Conduit Purchasers (together with their respective
successors and assigns hereunder, the “Conduit Purchasers”), the entities listed on
Schedule A to this Agreement as Managing Agents (together with their respective successors
and assigns hereunder, the “Managing Agents”), and HSBC Securities (USA) Inc.,
(“HSBC”), as agent for the Purchasers hereunder or any successor agent hereunder (together
with its successors and assigns hereunder, the “Agent”). Unless defined elsewhere
herein, capitalized terms used in this Agreement shall have the meanings assigned to such terms in
Exhibit I.

PRELIMINARY STATEMENTS

     Seller desires to transfer and assign Purchaser Interests to the Purchasers from time to time.

     The Conduit Purchasers may, in their absolute and sole discretion, purchase Purchaser
Interests from Seller from time to time.

     In the event that a Conduit Purchaser declines to make any purchase, the Committed Purchasers
in its Purchase Group shall, at the request of Seller, purchase Purchaser Interests from time to
time.

     HSBC Securities (USA) Inc. has been requested and is willing to act as Agent on behalf of
the Purchasers in accordance with the terms hereof.

ARTICLE I

PURCHASE ARRANGEMENTS

          Section 1.1 Purchase Facility.

               (a) Upon the terms and subject to the conditions hereof, Seller
may, at its option, sell and assign Purchaser Interests to the Agent for the benefit of the
Purchasers during the period from the date hereof to but not including the Facility Termination
Date; provided that the aggregate Capital outstanding at any time hereunder shall not exceed (i) in
respect of all Purchasers, an amount equal to the Purchase Limit at such time and (ii) in respect
of any Purchase Group, the applicable Group Purchase Limit at such time. In accordance with the
terms and conditions set forth herein, each Conduit Purchaser may, at its option, instruct its
Managing Agent to cause the Agent to purchase on its behalf, or if any Conduit Purchaser shall
decline to purchase, its Managing Agent shall cause the Agent to

Page 1

 

purchase, on behalf of the Committed Purchasers in its Purchase Group, the applicable
Purchase Group Share of such Purchaser Interests.

               (b) Seller may, upon at least 10 Business Days’ notice to each
Managing Agent and the Agent, terminate in whole or reduce in part, the unused portion of the
Purchase Limit. Upon any reduction in the Purchase Limit, the Group Purchase Limits shall be
permanently reduced by a corresponding amount (ratably among the Purchase Groups in accordance with
the Purchase Group Shares) and the Commitments of each Committed Purchaser in each Purchase Group
shall be ratably reduced in accordance with their respective Pro Rata Share. Each partial
reduction of the Purchase Limit shall be in an amount equal to $1,000,000 or an integral multiple
thereof.

               (c) On the date of each Incremental Purchase made under Section
1.2 and on the date of each Reinvestment made under Section 2.2, Seller hereby sells and assigns
to the Agent (for the benefit of the Purchasers ratably among the Purchase Groups, in accordance
with each Purchase Group Share), and the Agent hereby purchases, for the benefit of such
Purchasers, a Purchaser Interest in the Receivables, Related Security and Collections then existing
and thereafter arising or existing, subject only to the payment by such Purchasers of the
applicable Purchase Price therefor in accordance with the terms of this Agreement.

          Section 1.2 Increases.

          Seller shall provide the Agent and each Managing Agent with at least two (2) Business Days’
prior notice in a form set forth as Exhibit II hereto of each Incremental Purchase (a
“Purchase Notice”). Each Purchase Notice shall be subject to Section 6.2 hereof
and, except as set forth below, shall be irrevocable and shall specify the requested Purchase Price
(which shall not be less than $1,000,000) and date of purchase and, in the case of an Incremental
Purchase to be funded by the Committed Purchasers, the requested Discount Rate and Tranche Period.
Following receipt of a Purchase Notice, each Managing Agent will determine whether the Conduit
Purchasers in its Purchase Group agree to make the purchase of the applicable Purchase Group Share
of such Incremental Purchase. In the event that a Purchase Group has more than one Conduit
Purchaser, the related Managing Agent shall allocate the Incremental Purchases among such Conduit
Purchasers in its sole discretion. If the Conduit Purchasers in any Purchase Group decline to
make a proposed purchase, the Managing Agent for the related Purchase Group shall notify Seller and
Seller may cancel the Purchase Notice. In the absence of such a cancellation, the applicable
Purchase Group Share of the requested Incremental Purchase will be made by the Committed Purchasers
in such Purchase Group ratably based on their Pro Rata Shares. The Committed Purchasers in a
Purchase Group will not fund any portion of an Incremental Purchase unless the Conduit Purchasers
in its Purchase Group have declined to fund such portion. On the date of each Incremental
Purchase, upon satisfaction of the applicable conditions precedent set forth in Article VI,
the applicable Purchasers in each Purchase Group shall initiate a wire transfer of immediately
available funds to the account specified by Seller, no later than 12:00 noon (Chicago time), an
amount equal to the applicable Purchase Group Share of the applicable Purchase Price for such
Incremental Purchase. There may not be more than ten (10) Incremental Purchases during any
calendar month.

          Section 1.3 Decreases. Seller shall provide the Agent and each Managing
Agent with prior written notice in a form set forth as Exhibit IV hereto in conformity with
the Required Notice Period (a “Reduction Notice”) of any proposed reduction of Aggregate
Capital

Page 2

 

from Collections. Such Reduction Notice shall designate (i) the date (the “Proposed Reduction
Date”) upon which any such reduction of Aggregate Capital shall occur (which date shall give
effect to the applicable Required Notice Period), and (ii) the amount of Aggregate Capital to be
reduced (the “Aggregate Reduction”) which shall be distributed ratably to each Purchase
Group based on the Purchase Group Share of the Aggregate Capital of each Purchase Group and which
shall be applied by each Managing Agent ratably to the Purchaser Interests of the Purchasers in
such Managing Agent’s Purchase Group ratably in accordance with the amount of Capital (if any)
owing to such Purchasers. Only one (1) Reduction Notice shall be outstanding at any time.

          Section 1.4 Payment Requirements. All amounts to be paid or deposited
by any Seller Party pursuant to any provision of this Agreement shall be paid or deposited in
accordance with the terms hereof no later than 11:00 a.m. (Chicago time) on the day when due in
immediately available funds, and if not received before 11:00 a.m. (Chicago time) shall be deemed
to be received on the next succeeding Business Day. If such amounts are payable to a Purchaser
they shall be paid to the applicable Managing Agent, for the account of such Purchaser, at the
account specified by such Managing Agent. All computations of Yield, per annum fees hereunder
and per annum fees under the Fee Letter shall be made on the basis of a year of 360 days for the
actual number of days elapsed. If any amount hereunder shall be payable on a day which is not a
Business Day, such amount shall be payable on the next succeeding Business Day.

ARTICLE II

PAYMENTS AND COLLECTIONS

          Section 2.1 Payments. Notwithstanding any limitation on recourse
contained in this Agreement, Seller shall immediately pay when due to the Agent or each Managing
Agent, as applicable, for the account of the relevant Purchasers, Funding Sources or Indemnified
Parties on a full recourse basis, as applicable, (i) such fees as set forth in the Fee Letter and
in the Agent Fee Letter2, (ii) all amounts payable as Yield, (iii) all amounts payable
as Deemed Collections (which shall be immediately due and payable by Seller and applied to reduce
outstanding Aggregate Capital hereunder in accordance with Sections 2.2 and 2.3),
(iv) all amounts required pursuant to Section 2.6, (v) all amounts payable pursuant to
Article X, if any, (vi) all Servicer costs and expenses, including the Servicing Fee, in
connection with servicing, administering and collecting the Receivables and (vii) all Broken
Funding Costs (collectively, the “Obligations”). If any Person fails to pay any of the
Obligations when due, such Person agrees to pay, on demand, interest thereon accruing at the
Default Rate until paid in full. Notwithstanding the foregoing, no provision of this Agreement,
the Fee Letter or the Agent Fee Letter shall require the payment or permit the collection of any
amounts hereunder in excess of the maximum permitted by applicable law.3 If at any
time Seller receives any Collections or is deemed to receive any Collections, Seller shall
immediately pay such Collections or Deemed Collections to the Servicer for application in
accordance with the terms and conditions hereof and, at all times prior to such payment, such
Collections or Deemed Collections shall be held in trust by Seller for the exclusive benefit of the
Purchasers and the Agent.

 

			
	2	 	Clause (i) of Section 2.1 was deleted and replaced in its entirety by Amendment No. 1.
	 
	3	 	This sentence was deleted and replaced in its entirety by Amendment No. 1.

Page 3

 

          Section 2.2 Collections Prior to Amortization. (a) Prior to the
Amortization Date, any Collections and/or Deemed Collections received by the Servicer shall be set
aside and held in trust by the Servicer for the payment of any accrued and unpaid Aggregate
Unpaids, any Aggregate Reductions or for a Reinvestment as provided in this Section 2.2.
If at any time any Collections and/or Deemed Collections are received by the Servicer prior to the
Amortization Date and such Collections and/or Deemed Collections are not so set aside or held in
trust for the payment of Aggregate Unpaids or Aggregate Reductions, Seller hereby requests and the
Purchasers hereby agree to make, simultaneously with such receipt, but subject to the conditions
precedent set forth herein, a reinvestment (each a “Reinvestment”) with that portion of the
balance of each and every Collection and Deemed Collection received by the Servicer that is part of
any Purchaser Interest, such that after giving effect to such Reinvestment, the amount of Capital
of such Purchaser Interest immediately after such receipt and corresponding Reinvestment shall be
equal to the amount of Capital immediately prior to such receipt.

          Section 2.3 Collections Following Amortization. On the Amortization
Date and on each day thereafter, the Servicer shall set aside and hold in trust, for the holder of
each Purchaser Interest, all Collections received on such day and an additional amount for the
payment of any accrued and unpaid Obligations owed by Seller and not previously paid by Seller in
accordance with Section 2.1.

          Section 2.4 Application of Collections. (i) Prior to the Amortization
Date, on each Settlement Date, and (ii) on and after the Amortization Date, on each Settlement Date
and on such additional dates as the Agent may request (which may be each Business Day), the
Servicer shall distribute the funds set aside or held in trust pursuant to Section 2.2 or
2.3 (as applicable), in the following priority:

     (i) first, to the payment of the Servicer’s reasonable out-of-pocket costs and
expenses in connection with servicing, administering and collecting the Receivables, including
the Servicing Fee, if an  Originator or one of its
Affiliates is not then acting as the Servicer,

     (ii) second, to the Agent, for its own account, all accrued and unpaid fees
under the Agent Fee Letter, and to each Managing Agent, for its own account or for the
benefit of the Purchasers in its Purchase Group, all accrued and unpaid fees under the Fee
Letter and all Yield, ratably in accordance with such amounts owed to such
parties;4

     (iii) third, (to the extent applicable) to the Agent, to be distributed to each
Managing Agent, for the benefit of the Purchasers in its Purchase Group to be applied to the
reduction of the Aggregate Capital, ratably in accordance with each Purchase Group Share,

     (iv) fourth, to the reimbursement of the Agent’s and the Managing Agents’ costs
of collection and enforcement of the Facility documents ratably in accordance with the costs
owed to such parties,

 

			
	4	 	Clause (ii) of Section 2.4 was deleted and replaced in its entirety by
Amendments No. 1 and No. 2.

Page 4

 

     (v) fifth, for the ratable payment of all other unpaid Obligations,
provided that to the extent such Obligations relate to the payment of Servicer costs
and expenses, including the Servicing Fee, when an
Originator or one of its Affiliates is acting as the Servicer, such costs
and expenses will not be paid until after the payment in full of all other Obligations, and

     (vi) sixth, after the Aggregate Unpaids have been indefeasibly reduced to zero,
to Seller.

          Collections applied to the payment of Aggregate Unpaids shall be distributed in accordance
with the aforementioned provisions, and, giving effect to each of the priorities set forth in this
Section 2.4 above, shall be shared ratably (within each priority) among the parties
described in such priority of application in accordance with the amount of such Aggregate Unpaids
owing to each of them in respect of each such priority unless otherwise specified. Each Managing
Agent shall distribute the amounts received pursuant to clauses (iii) and (iv)
above to the Purchasers in its Purchase Group ratably according to the applicable amounts owed
to such Purchasers. On and after the Amortization Date, in the event that applications of
Collections are made on a date other than a Settlement Date, if any Managing Agent so directs the
Agent, the Agent shall set aside from Collections for distribution to such Managing Agent on the
next Settlement Date, the accrued and unpaid fees under the Fee Letter and accrued and unpaid Yield
which are (or will be) due and payable to the Managing Agents and Purchasers in the related
Purchase Group on the next Settlement Date.

          Section 2.5 Payment Rescission. No payment of any of the Aggregate Unpaids
shall be considered paid or applied hereunder to the extent that, at any time, all or
any portion of such payment or application is rescinded by application of law or
judicial authority, or must otherwise be returned or refunded for any reason to the
extent such payment is returned or refunded by any of the Agent, any Managing Agent,
any Purchaser or any Indemnified Party. Seller shall remain obligated for the amount
of any payment or application so rescinded, returned or refunded, and shall promptly
pay to the Agent (for the ratable application to the Person or Persons who suffered
such rescission, return or refund) the full amount thereof, plus interest thereon at
the Default Rate from the date of any such rescission, return or refunding.

          Section 2.6 Maximum Purchaser Interests. Prior to the Amortization Date,
the Seller shall ensure that the aggregate Purchaser Interests of the Purchasers shall
at no time exceed in the aggregate 100%. If prior to the Amortization Date, the
aggregate of the Purchaser Interests of the Purchasers exceeds 100%, Seller shall pay
within one (1) Business Day an amount to the Managing Agents which shall be allocated
to each Managing Agent based on each Purchase Group Share to be applied to reduce the
Aggregate Capital (as allocated by each Managing Agent to each of the Purchasers in
its related Purchaser Group ratably based upon each such Purchaser’s Capital) such
that after giving effect to such payment (and the application thereof to reduce the
Aggregate Capital) the aggregate of the Purchaser Interests equals or is less than
100%.

ARTICLE III

CONDUIT PURCHASER FUNDING

Page 5

 

          Section 3.1 Yield. The Capital associated with each Purchaser Interest
funded by a Conduit Purchaser shall accrue Yield at the CP Rate applicable to such
Conduit Purchaser for each day that any Capital in respect of such Purchaser Interest
is outstanding ; provided, that the Capital associated with any Purchaser
Interest, portion thereof or undivided interest therein which is being funded by the
Committed Purchasers in such Conduit Purchaser’s Purchase Group pursuant to a
Liquidity Agreement shall accrue Yield pursuant to Article IV.

          Section 3.2 Yield Payments. On each Settlement Date Seller shall pay to
each Managing Agent for the benefit of each Conduit Purchaser in its Purchase Group an
aggregate amount equal to all accrued and unpaid Yield in respect of the Capital
associated with all Purchaser Interests of each Conduit Purchaser for the immediately
preceding Accrual Period in accordance with Article II.

          Section 3.3 Calculation of Yield. On or before the second Business Day
immediately preceding each Settlement Date, each Managing Agent shall calculate the
aggregate amount of Yield due and payable to each Conduit Purchaser in its Purchase
Group for the immediately preceding Accrual Period and shall notify Seller of such
aggregate amount.

ARTICLE IV

COMMITTED PURCHASER FUNDING

          Section 4.1 Committed Purchaser Funding. The Capital associated with each
Purchaser Interest funded by the Committed Purchasers shall accrue Yield for each day
during its Tranche Period at either the LIBO Rate or the Prime Rate in accordance with
the terms and conditions hereof. If any Committed Purchaser acquires by assignment
from the Conduit Purchaser in its Purchase Group all or any portion of a Purchaser
Interest (or an undivided interest therein) pursuant to such Conduit Purchaser’s
Liquidity Agreement, then (i) until Seller gives notice to the applicable Managing
Agent of another Discount Rate in accordance with Section 4.4, the initial
Discount Rate for any such Purchaser Interest (or portion thereof or interest therein)
so transferred to the Committed Purchasers shall be the Prime Rate and (ii) until a
new Tranche Period is selected in accordance with Section 4.3, each such
Purchaser Interest shall be deemed to have a new Tranche Period commencing on the date
of such transfer.

          Section 4.2 Yield Payments. On each Settlement Date, Seller shall pay to
each Managing Agent (for the benefit of the Committed Purchasers in its Purchase
Group) an aggregate amount equal to the accrued and unpaid Yield for each Tranche
Period in accordance with Article II.

          Section 4.3 Selection and Continuation of Tranche Periods.

               (a) With consultation from (and approval by) the related Managing Agent, Seller shall from
time to time request Tranche Periods for the Purchaser Interests funded by the Committed
Purchasers in each Purchase Group, provided that, each Tranche Period shall end on a Settlement
Date.

               (b) Seller, upon notice to and consent by the applicable Managing Agent received at least
three (3) Business Days prior to the end of a Tranche Period (the

Page 6

 

“Terminating Tranche”) for any Purchaser Interest, may, effective on the last day of the
Terminating Tranche: (i) divide any such Purchaser Interest funded by the Committed Purchasers
in the same Purchase Group into multiple Purchaser Interests, (ii) combine any such Purchaser
Interest with one or more other Purchaser Interests of a Committed Purchaser in the same Purchase
Group that have a Terminating Tranche ending on the same day as such Terminating Tranche or (iii)
combine any such Purchaser Interest with a new Purchaser Interest to be purchased by such Committed
Purchaser on the day such Terminating Tranche ends, provided, that in no event may a
Purchaser Interest of any Conduit Purchaser be combined with a Purchaser Interest of the Committed
Purchasers in its Purchase Group.

          Section 4.4 Committed Purchaser Discount Rates. Seller may select the LIBO
Rate or the Prime Rate for each Purchaser Interest funded by the Committed Purchasers.
Seller shall by 11:00 a.m. (Chicago time): (i) at least three (3) Business Days prior
to the expiration of any Terminating Tranche with respect to which the LIBO Rate is
being requested as a new Discount Rate and (ii) no later than the Business Day of
expiration of any Terminating Tranche with respect to which the Prime Rate is being
requested as a new Discount Rate, give each Managing Agent irrevocable notice of the
new Discount Rate requested for the Purchaser Interest associated with such
Terminating Tranche. Until Seller gives notice to the Agent of another Discount
Rate, the initial Discount Rate for any Purchaser Interest transferred to the
Committed Purchasers pursuant to a Liquidity Agreement shall be the Prime Rate.

          Section 4.5 Suspension of the LIBO Rate.

          (a) If any Committed Purchaser notifies its related Managing Agent that it has determined that
funding its Pro Rata Share of the Purchaser Interests of the Committed Purchasers at a LIBO Rate
would violate any applicable law, rule, regulation, or directive of any governmental or regulatory
authority, whether or not having the force of law, or that (i) deposits of a type and maturity
appropriate to match fund its Purchaser Interests at such LIBO Rate are not available or (ii) such
LIBO Rate does not accurately reflect the cost of acquiring or maintaining a Purchaser Interest at
such LIBO Rate, then such Managing Agent shall suspend the availability of such LIBO Rate and
require Seller to select the Prime Rate for any Purchaser Interest accruing Yield at such LIBO
Rate.

          (b) If less than all of the Committed Purchasers in any Purchase Group give a notice to the
related Managing Agent pursuant to Section 4.5(a), each Committed Purchaser which gave such
a notice shall be obliged, at the request of Seller or such Financing Institution’s Managing Agent,
to assign all of its rights and obligations hereunder to (i) another Committed Purchaser in its
Purchase Group or (ii) another funding entity nominated by Seller or the related Managing Agent
that is acceptable to the Agent, the applicable Managing Agent and the related Conduit Purchasers
and willing to participate in this Agreement until the date described in clause (i) of the
definition of Facility Termination Date in the place of such notifying Committed Purchaser;
provided that (i) the notifying Committed Purchaser receives payment in full, pursuant to
an Assignment Agreement, of an amount equal to such notifying Committed Purchaser’s share of the
Capital and Yield and all accrued but unpaid fees and other costs and expenses payable in respect
of its share of the Purchaser Interests, and (ii) the replacement Committed Purchaser otherwise
satisfies the requirements of Section 12.1(b).

Page 7

 

ARTICLE V

REPRESENTATIONS AND WARRANTIES

          Section 5.1 Representations and Warranties of The Seller Parties. Each
Seller Party hereby represents and warrants to the Agent, the Managing Agents and the
Purchasers, as to itself, as of the date hereof and as of the date of each Incremental
Purchase and the date of each Reinvestment that:

          (a) Corporate Existence and Power. Such Seller Party is a corporation or limited
liability company duly organized, validly existing and in good standing under the laws of its state
of incorporation or formation, as applicable, identified in the Preamble to this Agreement. Such
Seller Party is duly qualified to do business and is in good standing as a foreign entity, and has
and holds all corporate or limited liability company power and all governmental licenses,
authorizations, consents and approvals required to carry on its business in each jurisdiction in
which its business is conducted, except in each case, where a failure to do so could not reasonably
be expected to have a Material Adverse Effect.

          (b) Power and Authority; Due Authorization, Execution and Delivery. The execution and
delivery by such Seller Party of this Agreement and each other Transaction Document to which it is
a party, and the performance of its obligations hereunder and thereunder and, in the case of
Seller, Seller’s use of the proceeds of purchases made hereunder, are within its corporate powers
and authority and have been duly authorized by all necessary corporate or limited liability company
action on its part. This Agreement and each other Transaction Document to which such Seller
Party is a party has been duly executed and delivered by such Seller Party.

          (c) No Conflict. The execution and delivery by such Seller Party of this Agreement
and each other Transaction Document to which it is a party, and the performance of its obligations
hereunder and thereunder do not contravene or violate (i) its certificate or articles of
incorporation or formation, as applicable or by-laws or operating agreement, as applicable, (ii)
any law, rule or regulation applicable to it, (iii) any restrictions under any agreement, contract
or instrument to which it is a party or by which it or any of its property is bound, or (iv) any
order, writ, judgment, award, injunction or decree binding on or affecting it or its property, and
do not result in the creation or imposition of any Adverse Claim on assets of such Seller Party or
its Subsidiaries (except as created hereunder), except in the case of clauses (ii), (iii) or (iv),
where such contravention or violation could not reasonably be expected to have a Material Adverse
Effect; and no transaction contemplated hereby requires compliance with any bulk sales act or
similar law.

          (d) Governmental Authorization. Other than the filing of the financing statements
required hereunder, no authorization or approval or other action by, and no notice to or filing
with, any governmental authority or regulatory body is required for the due execution and delivery
by such Seller Party of this Agreement and each other Transaction Document to which it is a party
and the performance of its obligations hereunder and thereunder except where the failure to obtain
such authorization or approval or take such action or make such notice or filing could not
reasonably be expected to have a Material Adverse Effect.

          (e) Actions, Suits. There are no actions, suits or proceedings pending, or to the best
of such Seller Party’s knowledge, threatened, against or affecting such Seller Party, or any of its
properties, in or before any court, arbitrator or other body, that could reasonably be

Page 8

 

expected to have a Material Adverse Effect. Seller is not in default with respect to any order of
any court, arbitrator or governmental body. Servicer is not in default with respect to any order of
any court, arbitrator or governmental body other than such default which could not reasonably be
expected to have a Material Adverse Effect.

          (f) Binding Effect. This Agreement and each other Transaction Document to which
such Seller Party is a party constitute the legal, valid and binding obligations of such Seller
Party enforceable against such Seller Party in accordance with their respective terms, except as
such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or other
similar laws relating to or limiting creditors’ rights generally and by general principles of
equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

          (g) Accuracy of Information. All written information heretofore furnished by such
Seller Party or any of its Affiliates to the Agent, the Managing Agents or the Purchasers for
purposes of or in connection with this Agreement, any of the other Transaction Documents or any
transaction contemplated hereby or thereby is, and all such information hereafter furnished by such
Seller Party or any of its Affiliates to the Agent, the Managing Agents or the Purchasers, taken as
a whole, does not and will not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements contained therein not materially misleading as of
the date such information was furnished.

          (h) Use of Proceeds. No proceeds of any purchase hereunder will be used (i)
for a purpose that violates, or would be inconsistent with, Regulation T, U or X
promulgated by the Board of Governors of the Federal Reserve System from time to time
or (ii) to acquire any security in any transaction which is subject to Section 12, 13
or 14 of the Securities Exchange Act of 1934, as amended.

          (i) Good Title. Immediately prior to each purchase hereunder, Seller shall
be the legal and beneficial owner of the Receivables and Related Security with respect
thereto, free and clear of any Adverse Claim, except as created by the Transaction
Documents. There have been duly filed all financing statements or other similar
instruments or documents necessary under the UCC (or any comparable law) of all
appropriate jurisdictions to perfect Seller’s ownership interest in each Receivable,
its Collections and the Related Security.

          (j) Perfection. Seller is an organization organized solely under the laws
of the state identified in the Preamble to this Agreement. This Agreement, together
with the filing of the financing statements contemplated hereby, is effective to, and
shall, upon each purchase hereunder, transfer to the Agent for the benefit of the
relevant Purchaser or Purchasers (and the Agent for the benefit of such Purchaser or
Purchasers shall acquire from Seller) a valid and perfected first priority undivided
percentage ownership or security interest in each Receivable existing or hereafter
arising and in the Related Security and Collections with respect thereto, free and
clear of any Adverse Claim, except as created by the Transactions Documents. There
have been duly filed all financing statements or other similar instruments or
documents necessary under the UCC (or any comparable law) of all appropriate
jurisdictions to perfect the Agent’s (on behalf of the Purchasers) ownership or
security interest in the Receivables, the Related Security and the Collections.

Page 9

 

          (k) Places of Business and Locations of Records. The principal places of
business and chief executive office of such Seller Party and the principal offices
where it keeps the Records necessary to identify, collect and enforce the Receivables
are located at the address(es) listed on Exhibit III or such other locations
of which the Managing Agents have been notified in accordance with Section
7.2(a) in jurisdictions where all action required by Section 13.4(a) has
been taken and completed. Seller’s Federal Employer Identification Number is
correctly set forth on Exhibit III.

          (l) Collections. The conditions and requirements set forth in Sections
7.1(j) and 8.2 have at all times been satisfied and duly performed. The
names and addresses of all Collection Banks, together with the account numbers of the
Collection Accounts of Seller at each Collection Bank and the post office box number
of each Lock-Box, are listed on Schedule II to the Fee Letter. Seller has
not granted any Person, other than the Agent as contemplated by this Agreement,
dominion and control of any Lock-Box or Collection Account, or the right to take
dominion and control of any such Lock-Box or Collection Account at a future time or
upon the occurrence of a future event.

          (m) Material Adverse Effect. (i) The initial Servicer represents and
warrants that since December 30,
2006,January 2, 2010, no event has
occurred that would have a material adverse effect on the financial condition or
operations of the initial Servicer and its Subsidiaries taken as a whole or the
ability of the initial Servicer to perform its obligations under this Agreement, and
(ii) Seller represents and warrants that since the date of this Agreement, no event
has occurred that would have a material adverse effect on (A) the financial condition
or operations of Seller, (B) the ability of Seller to perform its obligations under
the Transaction Documents, or (C) the collectibility of the Receivables generally or
any material portion of the Receivables, other than due to the insolvency, bankruptcy
or creditworthiness of an Obligor.

          (n) No Amortization Event or Servicer Default. No event has occurred and is
continuing that constitutes an Amortization Event, a Potential Amortization Event, a
Servicer Default or a Potential Servicer Default.

          (o) Names. Seller has not used any corporate names, trade names or assumed
names other than the name in which it has executed this Agreement.

          (p) Ownership of Seller.
OriginatorHBI owns,
directly or indirectly, 100% of the issued and outstanding equity interests of Seller,
free and clear of any Adverse Claim. Such capital stock is validly issued, fully
paid and nonassessable, and there are no options, warrants or other rights to acquire
securities of Seller.

          (q) Not an Investment Company. Such Seller Party is not an “investment
company” within the meaning of the Investment Company Act of 1940, as amended, or
any successor statute.

          (r) Compliance with Law. Such Seller Party has complied in all respects with
all applicable laws, rules, regulations, orders, writs, judgments, injunctions,
decrees or awards to which it may be subject except where the failure to comply could
not reasonably be expected to have a Material Adverse Effect. Each Receivable,
together with the Contract related thereto and the applicable
Credit and Collection Policy, does not contravene or violate

Page 10

 

any laws, rules or regulations applicable thereto (including, without limitation,
laws, rules and regulations relating to truth-in-lending, fair credit billing, fair credit
reporting, equal credit opportunity, fair debt collection practices and privacy) except where such
contravention or violation could not reasonably be expected to have a Material Adverse Effect.

          (s) Compliance with Credit and Collection Policy. Such Seller Party has
complied in all material respects with the Credit and Collection Policy with regard to
each Receivable and the related Contract, and has not made any material change to such
Credit and Collection Policy, except as to which the Managing Agents have been
notified and any necessary consents have been obtained in accordance with Section
7.1(a)(vii).

          (t) Payments to
OriginatorOriginators. With
respect to each Receivable transferred to Seller under the Receivables Sale Agreement,
Seller has given reasonably equivalent value to the applicable
Originator in consideration therefor and such transfer was not made
for or on account of an antecedent debt. No transfer by an
Originator of any Receivable under the Receivables Sale Agreement
is or may be voidable under any section of the Bankruptcy Reform Act of 1978 (11
U.S.C. §§ 101 et seq.), as amended.

          (u) Enforceability of Contracts. Each Contract with respect to each
Receivable is effective to create, and has created, a legal, valid and binding
obligation of the related Obligor to pay the Outstanding Balance of the Receivable
created thereunder and any accrued interest thereon, enforceable against the Obligor
in accordance with its terms, except as such enforcement may be limited by applicable
bankruptcy, insolvency, reorganization or other similar laws relating to or limiting
creditors’ rights generally and by general principles of equity (regardless of whether
enforcement is sought in a proceeding in equity or at law).

          (v) Eligible Receivables. Each Receivable identified by Seller or the
Servicer as an Eligible Receivable in any report, statement or other information
delivered pursuant to any Transaction Document was an Eligible Receivable as of the
date so identified.

          (w) Net Receivables Balance. Seller has determined that, immediately after
giving effect to each Incremental Purchase and Reinvestment hereunder, the Net
Receivables Balance is at least equal to the sum of (i) the Aggregate Capital,
plus (ii) the Aggregate Reserves.

          (x) Solvency. After giving effect to the sale or contribution of Receivables
and the Incremental Purchase and Reinvestments, as applicable, to be made on such date
and to the application of the proceeds therefrom, Seller is and will be Solvent.

          (y) Taxes. Servicer has filed all material tax returns and reports required
by law to have been filed by it and has paid all taxes thereby shown to be due and
owing, except any such taxes which are being diligently contested in good faith by
appropriate proceedings and for which adequate reserves in accordance with GAAP shall
have been set aside on its books or except to the extent such failure could not
reasonably be expected to result in a Material Adverse Effect. Seller has filed all
tax returns and reports required by law to be filed by it and has paid all taxes and
governmental charges at any time owing, except any such taxes which are not yet
delinquent or are being diligently contested in good faith by appropriate proceedings
and for which adequate reserves in accordance with GAAP shall have been set

Page 11

 

aside on its books. Seller has paid when due any taxes payable in connection with the
Receivables.

     (z) ERISA. During the twelve-consecutive-month period prior to the date hereof and
prior to the date of any Incremental Purchase or Reinvestment hereunder, no steps have been
taken to terminate any Pension Plan which has caused or could reasonably be expected to cause
Servicer or any Subsidiary to incur any liability, and no contribution failure has occurred
with respect to any Pension Plan sufficient to give rise to an Adverse Claim under Section
302(f) of ERISA with respect to any assets of Servicer or any Subsidiary. No condition exists
or event or transaction has occurred with respect to any Pension Plan which might result in
the incurrence by the Servicer of any material liability, fine or penalty. Seller does not
participate in any Pension Plan.

          Section 5.2 Committed Purchaser Representations and Warranties. Each
Committed Purchaser hereby represents and warrants to the Managing Agent, each Conduit
Purchaser in its Purchase Group and each Seller Party that:

          (a) Existence and Power. Such Committed Purchaser is a corporation or a banking
association duly organized, validly existing and in good standing under the laws of its
jurisdiction of incorporation or organization, and has all corporate power and authority to perform
its obligations hereunder.

          (b) No Conflict. The execution and delivery by such Committed Purchaser of this
Agreement and the performance of its obligations hereunder are within its corporate powers, have
been duly authorized by all necessary corporate action, do not contravene or violate (i) its
certificate or articles of incorporation or association or by-laws, (ii) any law, rule or
regulation applicable to it, (iii) any restrictions under any agreement, contract or instrument to
which it is a party or any of its property is bound, or (iv) any order, writ, judgment, award,
injunction or decree binding on or affecting it or its property, and do not result in the creation
or imposition of any Adverse Claim on its assets. This Agreement has been duly authorized,
executed and delivered by such Committed Purchaser.

          (c) Governmental Authorization. No authorization or approval or other action by, and
no notice to or filing with, any governmental authority or regulatory body is required for the due
execution and delivery by such Committed Purchaser of this Agreement and the performance of its
obligations hereunder.

          (d) Binding Effect. This Agreement constitutes the legal, valid and binding
obligation of such Committed Purchaser enforceable against such Committed Purchaser in accordance
with its terms, except as such enforcement may be limited by applicable bankruptcy, insolvency,
reorganization or other similar laws relating to or limiting creditors’ rights generally and by
general principles of equity (regardless of whether such enforcement is sought in a proceeding in
equity or at law).

          Section 5.3 Representations and Warranties Regarding Conduit Purchasers.
Each Managing Agent hereby represents and warrants to the each Seller Party that, with
respect to each Conduit Purchaser in its Purchase Group:

Page 12

 

          (a) Existence and Power. Such Conduit Purchaser is duly organized, validly existing and
in good standing under the laws of its jurisdiction of incorporation or organization, and has all
corporate power and authority to perform its obligations hereunder.

          (b) No Conflict. The execution and delivery by such Conduit Purchaser of this
Agreement and the performance of its obligations hereunder are within its organizational powers,
have been duly authorized by all necessary corporate or limited liability company action, do not
contravene or violate (i) its certificate or articles of incorporation or formation, by-laws or
limited liability company agreement, (ii) any law, rule or regulation applicable to it, (iii) any
restrictions under any agreement, contract or instrument to which it is a party or any of its
property is bound, or (iv) any order, writ, judgment, award, injunction or decree binding on or
affecting it or its property, and do not result in the creation or imposition of any Adverse Claim
on its assets. This Agreement has been duly authorized, executed and delivered by such Conduit
Purchaser.

          (c) Governmental Authorization. No authorization or approval or other action by,
and no notice to or filing with, any governmental authority or regulatory body is required for the
due execution and delivery by such Conduit Purchaser of this Agreement and the performance of its
obligations hereunder.

          (d) Binding Effect. This Agreement constitutes the legal, valid and binding
obligation of such Conduit Purchaser enforceable against such Conduit Purchaser in accordance with
its terms, except as such enforcement may be limited by applicable bankruptcy, insolvency,
reorganization or other similar laws relating to or limiting creditors’ rights generally and by
general principles of equity (regardless of whether such enforcement is sought in a proceeding in
equity or at law).

ARTICLE VI

CONDITIONS OF PURCHASES

          Section 6.1 Conditions Precedent to Initial Incremental Purchase. The
initial Incremental Purchase of a Purchaser Interest under this Agreement is subject
to the conditions precedent that (a) the Agent and the Managing Agents shall have
received on or before the date of such purchase those documents listed on Schedule
B, (b) the Agent shall have received evidence of a marking by
each Originator and Seller of their respective
master data processing records evidencing the applicable 
 Receivables to reflect the sales thereof contemplated by the
Transaction Documents, (c) Bryant Park Funding LLC shall have received letters from
each of S&P and Moody’s which confirm the short-term debt ratings of its Commercial
Paper, and (d) the Agent and the Managing Agents shall have received all fees and
expenses required to be paid on such date pursuant to the terms of this Agreement, the
Fee Letter and the letter agreement dated as of August 14, 2007 between HBI and J.P.
Morgan Securities Inc.

          Section 6.2
Conditions Precedent to All Purchases and Reinvestments. Each
Incremental Purchase of a Purchaser Interest and each Reinvestment shall be subject to
the further conditions precedent that (a) in the case of each such Incremental
Purchase or Reinvestment: (i) the Servicer shall have delivered to the Agent and each
Managing Agent on

Page 13

 

or prior to the date of such Incremental Purchase or Reinvestment, in form and substance
satisfactory to the Agent and each Managing Agent, all Weekly Reports and Settlement Reports as and
when due under Section 8.5 except to the extent that any failure has been waived by the
Agent and each Managing Agent and (ii) upon the Agent’s or any Managing Agent’s request, the
Servicer shall have delivered to the Agent and each Managing Agent at least three (3) Business Days
prior to such Incremental Purchase or Reinvestment an interim Settlement Report showing the amount
of Eligible Receivables; (b) the Facility Termination Date shall not have occurred; (c) the Agent
and each Managing Agent shall have received such other approvals, opinions or documents as it may
reasonably request within three (3) Business Days of such request if such Managing Agent or the
Agent, as applicable, reasonably believes that there has been (i) an adverse change with respect to
the Agent’s first priority perfected security interest in the Receivables, Related Security and
Collections (due to a change in Seller’s or any Originator’s jurisdiction of organization or for
any other reason) or (ii) a material adverse change with respect to the enforceability of the
rights and remedies of the Agent, the Managing Agents and the Purchasers under the Transaction
Documents and (d) on the date of each such Incremental Purchase or Reinvestment, the following
statements shall be true (and acceptance of the proceeds of such Incremental Purchase or
Reinvestment shall be deemed a representation and warranty by Seller that such statements are then
true):

               (i) the representations and warranties set forth in Section 5.1 are
true and correct on and as of the date of such Incremental Purchase or
Reinvestment as though made on and as of such date;

               (ii) no event has occurred and is continuing, or would result from such
Incremental Purchase or Reinvestment, that constitutes an Amortization Event, a
Potential Amortization Event, a Servicer Default or a Potential Servicer
Default; and

               (iii) the Aggregate Capital does not exceed the Purchase Limit and the
aggregate Purchaser Interests do not exceed 100%.

It is expressly understood that each Reinvestment shall, unless otherwise directed by the Agent or
any Purchaser, occur automatically on each day that the Servicer shall receive any Collections
without the requirement that any further action be taken on the part of any Person and
notwithstanding the failure of Seller to satisfy any of the foregoing conditions precedent in
respect of such Reinvestment. The failure of Seller to satisfy any of the foregoing conditions
precedent in respect of any Reinvestment shall give rise to a right of the Agent, which right may
be exercised (and shall be exercised at the direction of the Required Committed Purchasers) at any
time on demand of the Agent, to rescind the related purchase and direct Seller to pay to the Agent
for the benefit of the Purchasers an amount equal to the Collections prior to the Amortization Date
that shall have been applied to the affected Reinvestment.

ARTICLE VII

COVENANTS

          Section 7.1 Affirmative Covenants of The Seller Parties. Until the date on
which the Aggregate Unpaids have been indefeasibly paid in full and this Agreement
terminates in accordance with its terms, each Seller Party hereby covenants, as to
itself, as set forth below:

Page 14

 

          (a) Financial Reporting. Such Seller Party will maintain, for itself and
each of its Subsidiaries, a system of accounting established and administered in
accordance with GAAP, and furnish or cause to be furnished to the Agent (which the
Agent shall forward to each Managing Agent):

               (i) Annual Reporting. (A) In the case of the Servicer, within 90
days after the close of each of its fiscal years, audited, unqualified
consolidated financial statements (which shall include balance sheets,
statements of income and retained earnings and a statement of cash flows) for
the Servicer for such fiscal year certified in a manner acceptable to the Agent
and the Managing Agents by independent public accountants and (B) in the case
of the Seller, within 120 days after the close of each of its fiscal years,
unaudited unqualified financial statements (which shall include balance sheets,
statements of income and retained earnings and a statement of cash flows) for
such fiscal year, with respect to which the Seller may omit all footnotes,
certified by its Authorized Officer, provided that such reports and
certifications shall be deemed to be delivered under this Section 7.1(a)(i)
upon the document being made available on the SEC’s EDGAR website.

               (ii) Quarterly Reporting. In the case of Servicer, within 45 days
after the close of the first three (3) quarterly periods of each of its fiscal
years, and in the case of Seller, within 60 days after the close of the first
three (3) quarterly periods of each of its fiscal years, balance sheets of each
of the Servicer and Seller as at the close of each such period and statements
of income and a statement of cash flows for each such Person for the period
from the beginning of such fiscal year to the end of such quarter and with
respect to which the Seller may omit all footnotes, all certified by its
respective Authorized Officer, provided that such reports and
certifications shall be deemed to be delivered under this Section 7.1(a)(ii)
upon the document being made available on the SEC’s EDGAR website.

               (iii) Compliance Certificate. Together with, and at or before the
time, the financial statements required hereunder to be delivered by the
Seller, a compliance certificate in substantially the form of Exhibit V
prepared for both Seller Parties and signed by each Seller Party’s Authorized
Officer and dated the date of such annual financial statement or such quarterly
financial statement, as the case may be.

               (iv) Shareholders Statements and Reports. Promptly upon the
furnishing thereof to the shareholders of the
OriginatorHBI copies of all
financial statements, reports and proxy statements so furnished, provided that
such statements and/or reports shall be deemed to be delivered under this
Section 7.1(a)(iv) upon the document being made available on the SEC’s EDGAR
website.

               (v) S.E.C. Filings. Promptly upon the filing thereof, copies of all
registration statements and annual, quarterly, monthly or other regular reports
which any  Originator or any of its Subsidiaries
files with the Securities and Exchange Commission, provided that such reports
shall be deemed to be delivered under this Section 7.1(a)(v) upon the document
being made available on the SEC’s EDGAR website.

               (vi) Copies of Notices under the Transaction Documents. Promptly upon
its receipt of any notice, request for consent, financial statements,
certification,

Page 15

 

report or other communication under or pursuant to any Transaction Document from any Person
other than the Agent, any Managing Agent or any Purchaser, copies of the same.

               (vii) Change in Credit and Collection Policy. At least thirty (30)
days prior to the effectiveness of any material change in or material amendment
to the Credit and Collection Policy of any
Originator, a copy of the Credit and Collection Policy then in
effect and a notice (A) indicating such change or amendment, and (B) if such
proposed change or amendment would be reasonably likely to materially and
adversely affect the collectibility of the Receivables or materially decrease
the credit quality of any newly created Receivables, requesting the Required
Committed Purchasers’ consent thereto.

               (viii) Other Information. Promptly, from time to time, such other
information, documents, records or reports relating to the Receivables or the
condition or operations, financial or otherwise, of such Seller Party as the
Agent or any Managing Agent may from time to time reasonably request in order
to protect the interests of the Agent, the Managing Agents and the Purchasers
under or as contemplated by this Agreement.

          (b) Notices. Such Seller Party will notify the Agent and each Managing
Agent in writing of any of the following promptly upon learning of the occurrence
thereof, describing the same and, if applicable, the steps being taken with respect
thereto:

               (i) Amortization Events, Potential Amortization Events, Servicer Default or
Potential Servicer Default. The occurrence of each Amortization Event,
Potential Amortization Event, Servicer Default or Potential Servicer Default by
a statement of an Authorized Officer of such Seller Party describing the nature
of such occurrence and the actions being taken or to be taken by Seller or
Servicer in connection therewith.

               (ii) Judgment and Proceedings. (A) (1) The entry of any judgment or
decree against the Servicer or any of its Subsidiaries if the aggregate amount
of all judgments and decrees then outstanding against the Servicer and its
Subsidiaries exceeds $50,000,000 and (2) the institution of any litigation,
arbitration proceeding or governmental proceeding against the Servicer, which,
if adversely determined, could reasonably be expected to have a Material
Adverse Effect; (B) the entry of any judgment or decree or the institution of
any litigation, arbitration proceeding or governmental proceeding against
Seller; and (C) any material litigation or judgments with respect to any
Material Obligor which would materially and adversely impact the collection of
such Obligor’s Receivables.

               (iii) Material Adverse Effect. The occurrence of any event or
condition that has had, or could reasonably be expected to have, a Material
Adverse Effect.

               (iv) Termination Date. The occurrence of the “Termination Date” under
and as defined in the Receivables Sale Agreement.

               (v) Defaults Under Other Agreements. The occurrence of a default or
an event of default under any financing arrangement of the Seller involving
Indebtedness of any amount pursuant to which Seller is a debtor, an obligor or
a guarantor.

Page 16

 

               (vi) Credit Agreements. Any amendment, restatement, waiver of the
occurrence of an “Event of Default” under, or replacement of
either the First Lien Credit Agreement or the Second Lien
the Credit Agreement,
together with a copy of the same.

          (c) Compliance with Laws and Preservation of Corporate Existence.

               (i) Such Seller Party will comply in all respects with all applicable laws,
rules, regulations, orders, writs, judgments, injunctions, decrees or awards to
which it may be subject except, in each case, where a failure to comply could
not reasonably be expected to have a Material Adverse Effect.

               (ii) Such Seller Party will preserve and maintain its corporate existence,
rights, franchises and privileges in the jurisdiction of its incorporation, and
qualify and remain qualified in good standing as a foreign corporation in each
jurisdiction where its business is conducted except, in each case, where a
failure to do so could not reasonably be expected to have a Material Adverse
Effect.

          (d) Audits. Such Seller Party will furnish to the Agent and each Managing Agent
from time to time such information with respect to it and the Receivables as the Agent or any
Managing Agent may reasonably request. Such Seller Party will, from time to time during regular
business hours as requested by the Agent or any Managing Agent upon reasonable notice and at the
sole cost of such Seller Party, permit the Agent and the Managing Agents, or their agents or
representatives (and shall cause each Originator to permit the
Agent, the Managing Agents or their agents or representatives), (i) to examine and make copies of
and abstracts from all Records in the possession or under the control of such Person relating to
the Receivables and the Related Security, including, without limitation, the related Contracts, and
(ii) to visit the offices and properties of such Person for the purpose of examining such materials
described in clause (i) above, and to discuss matters relating to such Person’s financial condition
or the Receivables and the Related Security or any Person’s performance under any of the
Transaction Documents or any Person’s performance under the Contracts and, in each case, with any
of the officers or employees of Seller or the Servicer having knowledge of such matters;
provided that unless either (i) an Amortization Event shall have occurred and be continuing
at the time any such audit is requested by the Agent or any Managing Agent, or (ii) the audits
previously conducted at the expense of the Seller and the Servicer during such calendar year have
not produced audit results reasonably satisfactory to the Agent or any Managing Agent, neither
Seller nor Servicer shall be required to reimburse the Agent or any Managing Agent for the costs or
expenses in respect of more than one audit by a third party accounting or auditing firm engaged by
the Agent or any Managing Agent or any examinations or visits by the Agent, Managing Agents or any
of their Agents or representative during any calendar year.

          (e) Keeping and Marking of Records and Books.

               (i) The Servicer will (and will cause each sub-servicer and
each Originator to, with respect to the
Receivables originated by such Originator) maintain and
implement administrative and operating procedures (including, without
limitation, an ability to recreate records evidencing Receivables in the event
of the destruction of the originals thereof), and keep and maintain all
documents, books, records and other information reasonably necessary or
advisable for the collection of all Receivables (including, without limitation,

Page 17

 

records adequate to permit the prompt identification of each new Receivable and all Collections of
and adjustments to each existing Receivable). The Servicer will (and will cause
each sub-servicer and each Originator to) give the Agent and
each Managing Agent notice of any material change in the administrative and operating procedures
referred to in the previous sentence.

               (ii) Such Seller Party will (and will cause each  Originator to, with
respect to the Receivables originated by such
Originator) (A) on or prior to the date hereof, mark its master
data processing records and other books and records relating to the Purchaser
Interests with a legend, acceptable to the Agent, describing the Purchaser
Interests and (B) upon the request of the Agent (x) mark each
related Contract constituting an
instrument, chattel paper, or a certificated security under the UCC with a
legend describing the Purchaser Interests and (y) deliver to the Agent all
Contracts (including, without limitation, all multiple originals of any such
Contract) relating to the Receivables of such Originator 
to the extent any such Contract constitutes an instrument,
chattel paper or a certificated security under the UCC.

          (f) Compliance with Contracts and Credit and Collection Policy. Such Seller Party
will (and will cause each Originator to, with
respect to the Receivables originated by such Originator) timely and fully (i)
perform and comply in all material respects with all provisions, covenants and other promises
required to be observed by it under the Contracts related to the Receivables, and (ii) comply in
all material respects with the applicable Credit and
Collection Policy in regard to each Receivable and the related Contract.

          (g) Performance and Enforcement of Receivables Sale Agreement. Seller will, and will
require each Originator to, perform each of their respective
obligations and undertakings under and pursuant to the Receivables Sale Agreement, will purchase
Receivables thereunder in compliance with the terms thereof and will enforce the rights and
remedies accorded to Seller under the Receivables Sale Agreement. Seller will take all actions to
perfect and enforce its rights and interests (and the rights and interests of the Agent, the
Managing Agents and the Purchasers as assignees of Seller) under the Receivables Sale Agreement as
the Agent or any Managing Agent may from time to time reasonably request, including,
without limitation, making claims to which it may be entitled under any indemnity,
reimbursement or similar provision contained in the Receivables Sale Agreement.

          (h) Ownership. Seller will (or will cause each 
 Originator to, with respect to the Receivables originated by such Originator) take all necessary
action to (i) vest legal and equitable title to the Receivables, the Related Security and the
Collections purchased under the Receivables Sale Agreement irrevocably in Seller, free and clear of
any Adverse Claims other than Adverse Claims in favor of the Agent and the Purchasers
(including, without limitation, the filing of all financing statements or other
similar instruments or documents necessary under the UCC (or any comparable law) of all appropriate
jurisdictions to perfect Seller’s interest in such Receivables, Related Security and Collections
and such other action to perfect, protect or more fully evidence the interest of Seller therein as
the Agent or any Managing Agent may reasonably request), and (ii) establish and maintain, in favor
of the Agent, for the benefit of the Purchasers, a valid and perfected first priority undivided
percentage ownership interest (and/or a valid and perfected first priority security interest) in
all Receivables, Related Security and Collections to the full extent contemplated herein, free and
clear of any Adverse Claims other than Adverse Claims in favor of the Agent for the benefit of the
Purchasers (including, without limitation, the filing of all financing statements
or other similar instruments or documents

Page 18

 

necessary under the UCC (or any comparable law) of all appropriate jurisdictions to perfect the
Agent’s (for the benefit of the Purchasers) interest in such Receivables, Related Security and
Collections and such other action to perfect, protect or more fully evidence the interest of the
Agent for the benefit of the Purchasers as the Agent or any Managing Agent may reasonably request).

          (i) Purchasers’ Reliance. Seller acknowledges that the Purchasers are
entering into the transactions contemplated by this Agreement in reliance upon
Seller’s identity as a legal entity that is separate from any other Person.
Therefore, from and after the date of execution and delivery of this Agreement, Seller
shall take all reasonable steps, including, without limitation, all steps that the
Agent, any Managing Agent or any Purchaser may from time to time reasonably request,
to maintain Seller’s identity as a separate legal entity and to make it manifest to
third parties that Seller is an entity with assets and liabilities distinct from those
of any Originator and any Affiliates thereof
(each an “HBI Party”) and not just a division of an HBI Party. Without limiting the
generality of the foregoing and in addition to the other covenants set forth herein,
Seller will:

               (A) conduct its own business in its own name and require that all full-time employees of
Seller, if any, identify themselves as such and not as employees of any HBI Party (including,
without limitation, by means of providing appropriate employees with business or identification
cards identifying such employees as Seller’s employees);

               (B) compensate all employees, consultants and agents directly, from Seller’s own funds, for
services provided to Seller by such employees, consultants and agents and, to the extent any
employee, consultant or agent of Seller is also an employee, consultant or agent of any HBI Party
thereof, allocate the compensation of such employee, consultant or agent between Seller and such
HBI Party, on a basis that reflects the services rendered to Seller and such HBI Party;

               (C) clearly identify its offices (by signage or otherwise) as its offices and, if such office
is located in the offices of any HBI Party, Seller shall lease such office at a fair market rent;

               (D) have a separate telephone number, which will be answered only in its name and separate
stationery, invoices and checks in its own name;

               (E) conduct all transactions with any Originator and the
Servicer (including, without limitation, any delegation of its obligations hereunder as Servicer)
strictly on an arm’s-length basis, allocate all overhead expenses (including, without limitation,
telephone and other utility charges) for items shared between Seller and any
  Originator on the basis of actual use to the extent practicable and, to the
extent such allocation is not practicable, on a basis reasonably related to actual use;

               (F) at all times have a Board of Directors or Managers consisting of three (3) members, at
least one (1) member of which is an Independent Director or Manager, as applicable;

               (G) observe all corporate formalities as a distinct entity, and ensure that all corporate
actions relating to (A) the selection, maintenance or replacement of the

Page 19

 

Independent Director, (B) the dissolution or liquidation of Seller or (C) the initiation of,
participation in, acquiescence in or consent to any bankruptcy, insolvency, reorganization or
similar proceeding involving Seller, are duly authorized by unanimous vote of its Board of
Directors (including the Independent Director);

               (H) maintain Seller’s books and records separate from those of any HBI Party
and otherwise readily identifiable as its own assets rather than assets of any
HBI Party;

               (I) prepare its financial statements separately from those of
any Originator and insure that any consolidated
financial statements of any HBI Party that include Seller and that are filed
with the Securities and Exchange Commission or any other governmental agency
have notes clearly stating that Seller is a separate corporate entity and that
its assets will be available first and foremost to satisfy the claims of the
creditors of Seller;

               (J) except as herein specifically otherwise provided, maintain the funds or
other assets of Seller separate from, and not commingled with, those of any HBI
Party and only maintain bank accounts or other depository accounts to which
Seller alone is the account party, into which Seller alone makes deposits and
from which Seller alone (or the Agent hereunder) has the power to make
withdrawals;

               (K) pay all of Seller’s operating expenses from Seller’s own assets (except for
certain payments by an Originator or other
Persons pursuant to allocation arrangements that comply with the requirements
of this Section 7.1(i));

               (L) operate its business and activities such that: it does not engage in any
business or activity of any kind, or enter into any transaction or indenture,
mortgage, instrument, agreement, contract, lease or other undertaking, other
than the transactions contemplated and authorized by this Agreement and the
Receivables Sale Agreement; and does not create, incur, guarantee, assume or
suffer to exist any indebtedness or other liabilities, whether direct or
contingent, other than (1) as a result of the endorsement of negotiable
instruments for deposit or collection or similar transactions in the ordinary
course of business, (2) the incurrence of obligations under this Agreement, (3)
the incurrence of obligations, as expressly contemplated in the Receivables
Sale Agreement, to make payment to any
 Originator thereunder for the purchase of Receivables from
such Originator under the Receivables Sale
Agreement, and (4) the incurrence of operating expenses in the ordinary course
of business of the type otherwise contemplated by this Agreement;

               (M) maintain its corporate charter in conformity with this Agreement, such that
it does not amend, restate, supplement or otherwise modify its Limited
Liability Company Agreement in any respect that would impair its ability to
comply with the terms or provisions of any of the Transaction Documents,
including, without limitation, Section 7.1(i) of this Agreement;

               (N) maintain the effectiveness of, and continue to perform under the
Receivables Sale Agreement and the Performance
Undertaking, such that it does not amend, restate, supplement,
cancel, terminate or otherwise modify the Receivables Sale Agreement
or the Performance Undertaking, or give any
consent, waiver, directive or approval thereunder or waive any default, action,
omission or breach under the Receivables Sale

Page 20

 

Agreement or the Performance Undertaking or otherwise grant
any indulgence thereunder, without (in each case) the prior written consent of the Agent and the
Required Committed Purchasers;

               (O) maintain its corporate separateness such that it does not merge or
consolidate with or into, or convey, transfer, lease or otherwise dispose of
(whether in one transaction or in a series of transactions, and except as
otherwise contemplated herein) all or substantially all of its assets (whether
now owned or hereafter acquired) to, or acquire all or substantially all of the
assets of, any Person, nor at any time create, have, acquire, maintain or hold
any interest in any Subsidiary.

               (P) maintain at all times the Required Capital Amount (as defined in the
Receivables Sale Agreement) and refrain from making any dividend, distribution,
redemption of capital stock or payment of any subordinated indebtedness which
would cause the Required Capital Amount to cease to be so maintained; and

               (Q) take such other actions as are necessary on its part to ensure that the
facts and assumptions set forth in the opinion issued by Kirkland & Ellis LLP,
as counsel for Seller, in connection with the closing or initial Incremental
Purchase under this Agreement and relating to substantive consolidation issues,
and in the certificates accompanying such opinion, remain true and correct in
all material respects at all times.

          (j) Collections. Such Seller Party will (1) direct all Obligors to remit
Collections directly to a Lock-Box or a Collection Account, (2) cause all proceeds
from all Lock-Boxes to be directly deposited by a Collection Bank into a Collection
Account and (3) cause each Lock-Box and Collection Account to be subject at all times
to a Collection Account Agreement that is in full force and effect
(except for the Bank of America Accounts, until the New Originators
Eligibility Date). In the event any payments relating to Receivables
are remitted directly to Seller or any Affiliate of Seller, Seller will remit (or will
cause all such payments to be remitted) directly to a Collection Bank and deposited
into a Collection Account within one (1) Business Day following receipt thereof, and,
at all times prior to such remittance, Seller will itself hold or, if applicable, will
cause such payments to be held in trust for the exclusive benefit of the Agent, the
Managing Agents and the Purchasers. Seller will maintain exclusive ownership,
dominion and control (subject to the terms of this Agreement) of each Lock-Box and
Collection Account and shall not grant the right to take dominion and control of any
Lock-Box or Collection Account at a future time or upon the occurrence of a future
event to any Person, except to the Agent as contemplated by this Agreement
(except for the Bank of America Accounts, until the New Originators
Eligibility Date).

          (k) Taxes. The Seller will file all tax returns and reports required by law
to be filed by it and will promptly pay all taxes and governmental charges at any time
owing, except any such taxes which are not yet delinquent or are being diligently
contested in good faith by appropriate proceedings and for which adequate reserves in
accordance with GAAP shall have been set aside on its books. Seller will pay when
due any taxes payable in connection with the Receivables.

          (l) Payment to OriginatorOriginators. With
respect to any Receivable purchased by Seller from an Originator, such sale shall be
effected under, and in compliance with the terms of, the Receivables Sale Agreement,
including, without limitation, the terms

Page 21

 

relating to the amount and timing of payments to be made to
such Originator in respect of the purchase price for such Receivable.

          (m) National Textiles Merger. Seller and Servicer shall provide the Agent
and each Managing Agent no later than ten (10) Business Days prior to the merger of
National Textiles, L.L.C. into HBI, (i) written notice of such merger and (ii) a
written description of the method Seller and Servicer will use to identify all
Excluded Receivables on its respective systems, books and records.

          (n) Covenant to Amend Definition of Eligible Receivables. Each of the
Seller and the Servicer hereby covenants and agrees that the definition of “Eligible
Receivables” shall be amended, in form and substance mutually satisfactory to the
Seller, Servicer, each Managing Agent and the Agent, no later than 30 days following
the date on which the Managing Agents complete their review of the results of the
Post-Closing Field Examination if such amendment is deemed necessary or desirable by
each of the Managing Agents in their sole, reasonable discretion (it being understood
that any such amendment shall not affect the status of any Receivable as an Eligible
Receivable prior to the effective date of such amendment).

          For purposes of this paragraph (n), “Post-Closing Field Examination” shall mean the field
examination designated as such by, and performed by representatives of, the Managing Agents,
following April 13, 2009, of the Servicer’s collection, operating and reporting systems, the Credit
and Collection PolicyPolicies of
the OriginatorOriginators, and historical
receivables, data and accounts. The Managing Agents agree to provide a copy of the results of the
Post-Closing Field Examination to Servicer, each other Managing Agent and the Agent within 5
Business Days of its receipt thereof.5

          Section 7.2 Negative Covenants of The Seller Parties. Until the date on
which the Aggregate Unpaids have been indefeasibly paid in full and this Agreement
terminates in accordance with its terms, each Seller Party hereby covenants, as to
itself, that:

          (a) Name Change, Offices and Records. Such Seller Party will not change its sole
jurisdiction of organization, name, identity or corporate structure (within the meaning of Section
9-402(7) of any applicable enactment of the UCC) or relocate its chief executive office or any
office where Records are kept unless it shall have: (i) given the Agent at least fifteen (15)
days’ prior written notice thereof and (ii) delivered to the Agent all financing statements,
instruments, legal opinions and other documents requested by the Agent in connection with such
change or relocation.

          (b) Change in Payment Instructions to Obligors. Except as may be required by the
Agent pursuant to Section 8.2(b), such Seller Party will not add or terminate any bank as a
Collection Bank, or make any change in the instructions to Obligors regarding payments to be made
to any Lock-Box or Collection Account, unless the Agent shall have received, at least ten (10) days
before the proposed effective date therefor, (i) written notice of such addition, termination or
change and (ii) with respect to the addition of a Collection Bank or a Collection Account or
Lock-Box, an executed Collection Account Agreement with respect to the new Collection Account or
Lock-Box; provided, however, that the Servicer may make

 

			
	5	 	Paragraph (n) was added by Amendment No. 2.

Page 22

 

changes in instructions to Obligors regarding payments if such new instructions require such
Obligor to make payments to another existing Collection Account.

          (c) Modifications to Contracts and Credit and Collection
PolicyPolicies. Such Seller Party will not,
and will not permit any Originator to, make any change to
theits  Credit and Collection Policy that
could reasonably be expected to materially and adversely affect the collectibility of the
Receivables or materially decrease the credit quality of any newly created Receivables
(it being understood that the replacement of the Credit and Collection Policy of any
Originator (other than HBI) with the Credit and Collection Policy of HBI upon prior written notice
to Agent shall not be reasonably expected to have such a material and adverse
effect). Except as provided in Section 8.2(c), the Servicer will not, and
will not permit any Originator to (with respect
to the Receivables originated by such Originator), extend, amend or otherwise modify
the terms of any Receivable or any Contract related thereto other than in accordance with the
applicable Credit and Collection Policy.

          (d) Sales, Liens. Seller will not sell, assign (by operation of law or otherwise)
or otherwise dispose of, or grant any option with respect to, or create or suffer to exist any
Adverse Claim upon (including, without limitation, the filing of any financing statement) or with
respect to, any Receivable, Related Security or Collections, or upon or with respect to any
Contract under which any Receivable arises, or any Lock-Box or Collection Account, or assign any
right to receive income with respect thereto (other than, in each case, the creation of the
interests therein in favor of the Agent and the Purchasers provided for herein), and Seller will
defend the right, title and interest of the Agent and the Purchasers in, to and under any of the
foregoing property, against all claims of third parties claiming through or under Seller or
any Originator. Seller will not create or suffer to exist
any mortgage, pledge, security interest, encumbrance, lien, charge or other similar arrangement on
any of its inventory.

          (e) Net Receivables Balance. At no time prior to the Amortization Date shall Seller
permit the Net Receivables Balance to be less than an amount equal to the sum of (i) the Aggregate
Capital plus (ii) the Aggregate Reserves.

          (f) Termination Date Determination. Seller will not designate the Termination Date
(as defined in the Receivables Sale Agreement), or send any written notice to any
 Originator in respect thereof, without the prior written consent of the Agent
and the Required Committed Purchasers, except with respect to the occurrence of such Termination
Date arising pursuant to Section 5.1(d) of the Receivables Sale Agreement.

          (g) Restricted Junior Payments. From and after the occurrence of any Amortization
Event, Seller will not make any Restricted Junior Payment if, after giving effect thereto, Seller
would fail to meet its obligations set forth in Section 7.2(e).

          (h) Excluded Receivables. Such Seller Party will not, and will not permit
any Originator to, change the method of
identification of any Excluded Receivables on its systems, books or records from the
method specified pursuant to Section 7.1(m) (or any subsequent method used in
compliance with this subsection (h)) without ten (10) Business Days’ prior written
notice to Agent and each Managing Agent.

Page 23

 

ARTICLE VIII

ADMINISTRATION AND COLLECTION

          Section 8.1 Designation of Servicer.

          (a) The servicing, administration and collection of the Receivables shall be conducted by such
Person (the “Servicer”) so designated from time to time in accordance with this Section
8.1. HBI is hereby designated as, and hereby agrees to perform the duties and obligations of,
the Servicer pursuant to the terms of this Agreement. The Agent, with the consent or at the
direction of the Required Committed Purchasers, may at any time after the occurrence and during the
continuance of a Servicer Default designate as Servicer any Person to succeed HBI or any successor
Servicer.

          (b) Without the prior written consent of the Agent and the Required Committed Purchasers,
HBI shall not be permitted to delegate any of its duties or responsibilities as Servicer to any
Person other than (i) Selleran Originator with
respect to the Receivables originated by such Originator and (ii) with
respect to certain Charged-Off Receivables, outside collection agencies in accordance with its
customary practices. SellerNone of the
Originators shall not be permitted to
further delegate to any other Person any of the duties or responsibilities of the Servicer
delegated to it by HBI and any such further delegation by an Originator shall
constitute a covenant breach by the Servicer hereunder. The Agent may
with the consent of, and shall at the direction of the Required Committed Purchasers, at any
time following the occurrence of a Servicer Default, designate as Servicer any Person other
than HBI, whereupon all duties and responsibilities of HBI as Servicer hereunder shall cease
and all duties and responsibilities theretofore delegated by HBI to
Sellerany Originator as
sub-servicer may, at the discretion of the Agent, be terminated forthwith on notice given by
the Agent to HBI and to Seller.

          (c) Notwithstanding the foregoing subsection (b), unless and until HBI is replaced as
Servicer, (i) HBI shall be and remain primarily liable to the Agent, the Managing Agents and the
Purchasers for the full and prompt performance of all duties and responsibilities of the Servicer
hereunder and (ii) the Managing Agents, the Agent and the Purchasers shall be entitled to deal
exclusively with HBI in matters relating to the discharge by the Servicer of its duties and
responsibilities hereunder. The Managing Agents, the Agent and the Purchasers shall not be
required to give notice, demand or other communication to any Person other than HBI in order for
communication to the Servicer and its sub-servicer or other delegate with respect thereto to be
accomplished. HBI, at all times that it is the Servicer, shall be responsible for providing any
sub-servicer or other delegate of the Servicer with any notice given to the Servicer under this
Agreement and, if HBI is no longer the Servicer hereunder, any replacement Servicer shall be
responsible for providing any such notice to any sub-servicer or delegate.

          Section 8.2 Duties of Servicer.

               (a) The Servicer shall take or cause to be taken all such actions as may be
necessary or advisable to collect each Receivable from time to time, all in
accordance with applicable laws, rules and regulations, with reasonable care
and diligence, and in accordance with the applicable Credit and Collection Policy.

Page 24

 

               The Servicer will instruct all Obligors to pay all Collections directly to a Lock-Box or
Collection Account. The Servicer shall effect a Collection Account Agreement substantially in
the form of Exhibit VI with each Collection Bank. In the case of any remittances received
in any Lock-Box or Collection Account that shall have been identified, to the satisfaction of the
Servicer, to not constitute Collections or other proceeds of the Receivables or the Related
Security, the Servicer shall promptly remit such items to the Person identified to it as being the
owner of such remittances. From and after the date the Agent delivers to any Collection Bank a
Collection Notice pursuant to Section 8.3, the Agent may request that the Servicer, and the
Servicer thereupon promptly shall instruct all Obligors with respect to the Receivables, to remit
all payments thereon to a new depositary account specified by the Agent and, at all times
thereafter, Seller and the Servicer shall not deposit or otherwise credit, and shall not permit any
other Person to deposit or otherwise credit to such new depositary account any cash or payment item
other than Collections.

               (b) The Servicer shall administer the Collections in accordance with the procedures described
herein and in Article II. The Servicer shall set aside and hold in trust for the account
of Seller and the Purchasers their respective shares of the Collections in accordance with
Article II. The Servicer shall, upon the request of the Agent, segregate, in a manner
acceptable to the Agent, all cash, checks and other instruments received by it from time to time
constituting Collections from the general funds of the Servicer or Seller prior to the remittance
thereof in accordance with Article II. If the Servicer shall be required to segregate
Collections pursuant to the preceding sentence, the Servicer shall segregate and deposit with a
bank designated by the Agent such allocable share of Collections of Receivables set aside for the
Purchasers on the first Business Day following receipt by the Servicer of such Collections, duly
endorsed or with duly executed instruments of transfer.

               (c) The Servicer may, in accordance with the applicable
 Credit and Collection Policy, extend the maturity of any Receivable or adjust
the Outstanding Balance of any Receivable as the Servicer determines to be appropriate to maximize
Collections thereof; provided, however, that such extension or adjustment shall not
alter the status of such Receivable as a Delinquent Receivable, Defaulted Receivable or Charged-Off
Receivable or limit the rights of the Agent, the Managing Agents or the Purchasers under this
Agreement. At any time after the occurrence of an Amortization Event, notwithstanding anything to
the contrary contained herein, the Agent shall have the absolute and unlimited right to direct the
Servicer to commence or settle any legal action with respect to any Delinquent Receivable,
Defaulted Receivable or Charged-Off Receivable or to foreclose upon or repossess any Related
Security.

               (d) The Servicer shall hold in trust for Seller and the Purchasers all Records that (i)
evidence or relate to the Receivables, the related Contracts and Related Security or (ii) are
otherwise necessary or desirable to collect the Receivables and shall, as soon as practicable upon
demand of the Agent, deliver or make available to the Agent all such Records, at a place selected
by the Agent. The Servicer shall, from time to time at the request of the Agent or any Managing
Agent, furnish to the Agent or such Managing Agent (promptly after any such request) a calculation
of the amounts set aside for the Purchasers pursuant to Article II.

               (e) Any payment by an Obligor in respect of any indebtedness owed by it to
an Originator or Seller shall, except as otherwise specified
by such Obligor or

Page 25

 

otherwise required by contract or law and unless otherwise instructed by the Agent, be applied as a
Collection of any Receivable of such Obligor and such Originator (starting with the oldest such Receivable) to the extent of any amounts then due
and payable thereunder before being applied to any other receivable or other obligation of such
Obligor.

          Section 8.3 Collection Notices. At any time after the occurrence of an
Amortization Event, the Agent is authorized at any time to date and to deliver to the
Collection Banks the Collection Notices. Seller hereby transfers to the Agent for
the benefit of the Purchasers, effective when the Agent delivers such notice, the
exclusive ownership and control of each Lock-Box and the Collection Accounts. In
case any authorized signatory of Seller whose signature appears on a Collection
Account Agreement shall cease to have such authority before the delivery of such
notice, such Collection Notice shall nevertheless be valid as if such authority had
remained in force. Seller hereby authorizes the Agent, and agrees that the Agent
shall be entitled to (i) endorse Seller’s name on checks and other instruments
representing Collections, (ii) enforce the Receivables, the related Contracts and the
Related Security and (iii) take such action as shall be necessary or desirable to
cause all cash, checks and other instruments constituting Collections of Receivables
to come into the possession of the Agent rather than Seller.

          Section 8.4 Responsibilities of Seller and Servicer. Anything herein to the
contrary notwithstanding, the exercise by the Agent, the Managing Agents and the
Purchasers of their rights hereunder shall not release the Servicer,
any Originator or Seller from any of their duties
or obligations with respect to any Receivables or under the related Contracts.
None of the Agent, the Managing Agents and the Purchasers shall have any obligation or liability
with respect to any Receivables or related Contracts, nor shall any of them be obligated to perform
the obligations of Seller.

          Section 8.5 Reports. The Servicer shall prepare and forward to each
Managing Agent and the Agent (i) at any time during which a Downgrade Event has
occurred and is continuing, on each Business Day, a Daily Report which will include
information regarding the Receivables as of the previous Business Day, (ii) on
Wednesday of each week (or if such Wednesday is not a Business Day, on the immediately
preceding Business Day), a Weekly Report which will include information regarding the
Receivables for the seven (7)-day period ending (and including) the immediately
preceding Friday, (iii) (x) prior to May 2009, on the third Thursday of each month
(or, if such day is not a Business Day, on the next succeeding Business Day) and (y)
commencing in May 2009, on the 23rd day of each month (or, if such day is not a
Business Day, on the next succeeding Business Day), and at such other additional times
as the Agent or any Managing Agent shall request, a Settlement Report which will
include information regarding the Receivables for the most recently ended Calendar
Month and (iv) at such times as the Agent or any Managing Agent shall request, a
listing by Obligor of all Receivables together with an aging of such
Receivables.6

          Section 8.6 Servicing Fees. In consideration of HBI’s agreement to act as
Servicer hereunder, the Purchasers hereby agree that, so long as HBI shall continue to
perform as Servicer hereunder, Seller shall pay over to HBI a fee (the “Servicing
Fee”) on each Settlement Date, in arrears for the immediately preceding month,
equal to 1.0% per annum of

 

			
	6	 	Section 8.5 was deleted in its entirety and replaced by Amendments No. 1 and
No. 2.

Page 26

 

the average aggregate Outstanding Balance of all Receivables during such period, as
compensation for its servicing activities.

          Section 8.7 Servicer Default. The occurrence of any of the following shall
constitute a “Servicer Default”.

               (a) any Amortization Event in respect of the Servicer, other than the Amortization Events
described in Sections 9.1(e) and (f); or

               (b) any collection, billing or accounting systems failure which has a Material Adverse
Effect on the Servicer’s ability to either collect the Receivables or perform its obligations
under this Agreement.

ARTICLE IX

AMORTIZATION EVENTS

          Section 9.1 Amortization Events. The occurrence of any one or more of the
following events shall constitute an Amortization Event:

               (a) (i) Any Seller Party or theany  Originator shall fail to make any payment or deposit required hereunder or under
any other Transaction Document when due and, in the case of a payment or deposit in respect of
Capital, Yield or any fees due under the Fee Letter or the Agent Fee Letter, such failure continues
for two (2) Business Days and, in the case of any such payment or deposit which is not in respect
of Capital, Yield or fees due under the Fee Letter or the Agent Fee Letter, such failure continues
for five (5) Business Days;7

               (ii) Any Seller Party or theany  Originator shall fail to perform or observe any term, covenant or agreement
contained in Sections 7.1(a) (Financial Reporting), 7.1(b) (Notices) ,
7.1(c)(ii) (Preservation of Limited Liability Company or Corporate Existence),
7.1(d) (Audits), 7.1(e) (Keeping and Marking of Records and Books), 7.1(f)
(Compliance with Contracts and Credit and Collection Policy), 7.1(g) (Performance and
Enforcement of Receivables Sale Agreement), 7.1(h) (Ownership), 7.1(i) (Purchasers’
Reliance), 7.1(j) (Collections), 7.1(l) (Payment to Originator), 7.2
(Negative Covenants of the Seller Parties) or 8.5 (Reports) and any such failure continues
for three (3) Business Days;

               (iii) Seller or any Originator shall fail
to perform or observe any other term, covenant or agreement contained herein or
in any other Transaction Document not otherwise specifically described in this
Section 9.1 and such failure shall remain unremedied for five (5)
Business Days; or

               (iv) the Servicer shall fail to perform or observe any other term, covenant or
agreement contained herein or in any other Transaction Document not otherwise
specifically described in this Section 9.1 and such failure shall
remain unremedied for ten (10) Business Days.

               (b) Any representation, warranty, certification or statement made by any Seller Party or
theany Originator in this
Agreement, any other Transaction Document or

 

			
	7	 	Paragraph (a)(i) of Section 9.1 was deleted in its entirety and replaced by
Amendment No. 1.

Page 27

 

in any other document delivered pursuant hereto or thereto shall prove to have been incorrect when
made or deemed made.

               (c) Failure of Seller to pay any Indebtedness when due or the failure of any other Seller
Party or theany Originator to pay
Indebtedness when due in excess of $50,000,000 in the aggregate, or the default by any Seller Party
or theany Originator in the
performance of any term, provision or condition contained in any agreement under which any such
Indebtedness was created or is governed, the effect of which is to cause, or to permit the holder
or holders of such Indebtedness to cause, such Indebtedness to become due prior to its stated
maturity; or any such Indebtedness of any Seller Party or
theany Originator shall be
declared to be due and payable or required to be prepaid (other than by a regularly scheduled
payment) prior to the date of maturity thereof.

               (d) (i) Any Seller Party, theany  Originator or, to the extent that it could reasonably be expected to have a
Material Adverse Effect, any of their Subsidiaries shall generally not pay its debts as such debts
become due or shall admit in writing its inability to pay its debts generally or shall make a
general assignment for the benefit of creditors; or (ii) any proceeding shall be instituted by or
against any Seller Party, theany  Originator or, to the extent that it could reasonably be expected to have a
Material Adverse Effect, any of their Subsidiaries seeking to adjudicate it bankrupt or insolvent,
or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief or
composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization
or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver,
trustee or other similar official for it or any substantial part of its property and, if any such
proceeding is not commenced by a Seller Party,
theany Originator or any of their
Subsidiaries, such proceeding shall result in the entry of an order for relief or shall remain for
60 days undismissed, undischarged, unstayed or unbonded pending appeal or (iii) any Seller Party,
theany Originator or, to the
extent that it could reasonably be expected to have a Material Adverse Effect, any of their
Subsidiaries shall take any corporate action to authorize any of the actions set forth in clauses
(i) or (ii) above in this subsection (d).

               (e) Seller shall fail to comply with the terms of Section 2.6.

               (f)8 As at the end of any Calendar Month:

	 	 	 
	 	(i)	the average of the Delinquency Ratios as of the end of such Calendar
Month and the two preceding Calendar Months shall exceed 4.75%;
	 
	 	(ii)	the average of the Loss-to-Liquidation Ratios as of the end of such
Calendar Month and the two preceding Calendar Months shall exceed 2.75%;
or
	 
	 	(iii)	the average of the Dilution Ratios as of the end of such Calendar
Month and the two preceding Calendar Months shall exceed 14.25%.

 

			
	8	 	Paragraph (f) in Section 9.1 was deleted and replaced in its entirety by
Amendments No. 1 and No. 2.

Page 28

 

               (g) A Change of Control shall occur.

               (h)9 (i) As of the last day of any Fiscal
Quarter occurring during any period set forth below, HBI permits the Leverage Ratio to be greater
than the ratio set forth opposite such period:

	 	 	 
	Period	 	Leverage Ratio
	Each Fiscal Quarter ending between October 16, 2009 and July 15,
2010

	 	4.50:1.00
	Each Fiscal Quarter ending between July 16, 2010 and October 15,
2010

	 	4.25:1.00
	Each Fiscal Quarter ending between October 16, 2010 and April 15,
2011

	 	4:00:1.00
	Each Fiscal Quarter ending April 16, 2011 and thereafter

	 	3.75:1.00

          ; orHBI shall fail to maintain
the “Leverage Ratio” (as defined in the Credit Agreement) in accordance with Section
7.2.4(a) of the Credit Agreement or the “Interest Coverage Ratio” (as defined in the
Credit Agreement) in accordance with Section 7.2.4(b) of the Credit Agreement or shall
fail to observe any other financial covenant under Section 7.2.4 of the Credit
Agreement.

                    (ii) As of the last day of any Fiscal Quarter occurring during
any period set forth below, HBI permits the Interest Coverage Ratio to be less than
the ratio set forth opposite such period:

	 	 	 
	Period	 	Interest Coverage Ratio
	Each Fiscal Quarter ending between October 16, 2009 and July 15,
2010

	 	2.50:1.00
	Each Fiscal Quarter ending between July 16, 2010 and October 15,
2010

	 	2.75:1.00
	Each Fiscal Quarter ending between October 16, 2010 and July 15,
2011

	 	3.00:1.00
	Each Fiscal Quarter ending July 16, 2011 and thereafter

	 	3.25:1.00

          ; or

               (i) The Agent, for the benefit of the Purchasers, shall at any time
for any reason fail to have a valid and perfected first priority undivided percentage
ownership interest (and/or a valid and perfected first priority security interest) in
all Receivables, Related Security Collections and Collection Accounts, free and clear
of any Adverse Claims other than Adverse Claims in favor of the Agent for the benefit
of the Purchasers.

               (j) (i) One or more final judgments for the payment of money
shall be entered against Seller or (ii) any (A) judgment or order for the payment of
money individually or in the aggregate in excess of $50,000,000 (exclusive of any
amounts fully covered by insurance (less any applicable deductible) or an indemnity
by any other third party

 

			
	9	 	Paragraph (h) in Section 9.1 was deleted and replaced in its entirety
by Amendments No. 1 and No. 4.

Page 29

 

Person and as to which the insurer or such Person has acknowledged its responsibility to cover such
judgment or order not denied in writing) shall be rendered against Servicer, any  Originator or any of their respective Subsidiaries and such judgment shall not
have been vacated or discharged or stayed or bonded pending appeal within 45 days after the entry
thereof or enforcement proceedings shall have been commenced by any creditor upon such judgment or
order or (B) non-monetary judgment or order shall be rendered against Servicer,
any Originator or any of their respective Subsidiaries that
has had, or could reasonably be expected to have, a Material Adverse Effect.

               (k) (i) a “Termination Event” under and as defined in the Receivables Sale
Agreement shall occur under the Receivables Sale Agreement or (ii)
any  Originator shall for any reason cease to
transfer, or cease to have the legal capacity to transfer, or otherwise be
incapable of transferring Receivables to Seller under the Receivables Sale
Agreement.

               (l) This Agreement shall terminate in whole or in part (except in accordance
with its terms), or shall cease to be effective or to be the legally valid,
binding and enforceable obligation of Seller or Servicer, or either Seller
Party or any Originator shall directly or
indirectly contest in any manner such effectiveness, validity, binding nature
or enforceability of this Agreement.

               (m) A Servicer Default occurs.

               All capitalized terms used in clause (h) above shall have the meaning assigned
to such terms in Exhibit XII hereto.(n) HBI shall fail to
perform or observe any term, covenant or agreement required to be performed by it under the
Performance Undertaking, or the Performance Undertaking shall cease to be effective or to be the
legally valid, binding and enforceable obligation of HBI, or HBI shall directly or indirectly
contest in any manner such effectiveness, validity, binding nature or
enforceability.

          Section 9.2 Remedies. Upon the occurrence and during the continuation of an
Amortization Event, the Agent may, or upon the direction of the Required Committed
Purchasers shall, take any of the following actions: (i) declare the Amortization
Date to have occurred, whereupon the Amortization Date shall forthwith occur, without
demand, protest or further notice of any kind, all of which are hereby expressly
waived by each Seller Party; provided, however, that upon the occurrence of an
Amortization Event described in Section 9.1(d)(ii), or of an actual or deemed
entry of an order for relief with respect to any Seller Party under the Federal
Bankruptcy Code, the Amortization Date shall automatically occur, without demand,
protest or any notice of any kind, all of which are hereby expressly waived by each
Seller Party, (ii) to the fullest extent permitted by applicable law, declare that
interest at the Default Rate shall accrue with respect to any of the Aggregate Unpaids
outstanding at such time, (iii) deliver the Collection Notices to the Collection
Banks, and (iv) notify Obligors of the Purchasers’ interest in the Receivables. The
aforementioned rights and remedies shall be without limitation, and shall be in
addition to all other rights and remedies of the Agent, the Managing Agents and the
Purchasers otherwise available under any other provision of this Agreement, by
operation of law, at equity or otherwise, all of which are hereby expressly preserved,
including, without limitation, all rights and remedies provided under the UCC, all of
which rights shall be cumulative.

Page 30

 

ARTICLE X

INDEMNIFICATION

          Section 10.1 Indemnities by Seller. Without limiting any other rights that
the Agent, the Managing Agents or any Purchaser may have hereunder or under applicable
law, Seller hereby agrees to indemnify (and pay upon demand to) the Agent, each
Managing Agent and each Purchaser and their respective assigns, officers, directors,
agents and employees (each an “Indemnified Party”) from and against any and
all damages, losses, claims, taxes, liabilities, out-of-pocket costs, expenses and for
all other amounts payable, including reasonable attorneys’ fees (which attorneys may
be employees of the Agent, such Managing Agent or such Purchaser) and disbursements
(all of the foregoing being collectively referred to as “Indemnified Amounts”)
awarded against or incurred by any of them arising out of or as a result of this
Agreement or the acquisition, either directly or indirectly, by a Purchaser of an
interest in the Receivables, excluding, however:

               (a) Indemnified Amounts to the extent a final judgment of a court of competent jurisdiction
holds that such Indemnified Amounts resulted from gross negligence or willful misconduct on the
part of the Indemnified Party seeking indemnification;

               (b) Indemnified Amounts to the extent the same include losses in respect of Receivables that
are uncollectible on account of the insolvency, bankruptcy or lack of creditworthiness of the
related Obligor;

               (c) taxes imposed by the jurisdiction in which such Indemnified Party’s principal executive
office is located, on or measured by the overall net income of such Indemnified Party to the extent
that the computation of such taxes is consistent with the characterization for income tax purposes
of the acquisition by the Purchasers of Purchaser Interests as a loan or loans by the Purchasers to
Seller secured by the Receivables, the Related Security, the Collection Accounts and the
Collections; or

               (d) Indemnified Amounts to the extent they resulted from an action brought by any Indemnified
Party against any other Indemnified Party not involving any Seller Party, any  Originator or any Subsidiary of any Seller Party or any  Originator;

provided, however, that nothing contained in this sentence shall limit the liability of
Seller or limit the recourse of the Indemnified Parties to Seller for amounts otherwise
specifically provided to be paid by Seller under the terms of this Agreement. Without limiting
the generality of the foregoing indemnification, Seller shall indemnify each Indemnified Party for
Indemnified Amounts (including, without limitation, losses in respect of uncollectible receivables,
regardless of whether reimbursement therefor would constitute recourse to Seller) relating to or
resulting from:

                    (i) any representation or warranty made by Seller (or any officers of
Seller) under or in connection with this Agreement, any other Transaction
Document or any other information or report delivered by any such Person
pursuant hereto or thereto, which shall have been false or incorrect when
made or deemed made;

                    (ii) the failure by Seller to comply with any applicable law, rule or
regulation with respect to any Receivable or Contract related thereto, or
the

Page 31

 

nonconformity of any Receivable or Contract included therein with any such applicable law, rule or
regulation or any failure of any Originator to keep or perform
any of its obligations, express or implied, with respect to any Contract;

                    (iii) any failure of Seller to perform its duties, covenants or other
obligations in accordance with the provisions of this Agreement or any
other Transaction Document;

                    (iv) any products liability, personal injury or damage suit, or other
similar claim arising out of or in connection with merchandise, insurance
or services that are the subject of any Contract or any Receivable;

                    (v) any dispute, claim, offset or defense (other than discharge in
bankruptcy of the Obligor) of the Obligor to the payment of any
Receivable (including, without limitation, a defense based on such
Receivable or the related Contract not being a legal, valid and binding
obligation of such Obligor enforceable against it in accordance with its
terms), or any other claim resulting from the sale of the merchandise or
service related to such Receivable or the furnishing or failure to
furnish such merchandise or services;

                    (vi) the commingling of Collections of Receivables at any time with other
funds;

                    (vii) any investigation, litigation or proceeding related to or arising
from this Agreement or any other Transaction Document, the transactions
contemplated hereby, the use of the proceeds of an Incremental Purchase
or a Reinvestment, the ownership of the Purchaser Interests or any other
investigation, litigation or proceeding relating to Seller in which any
Indemnified Party becomes involved as a result of any of the transactions
contemplated hereby;

                    (viii) any inability to litigate any claim against any Obligor in respect
of any Receivable as a result of such Obligor being immune from civil and
commercial law and suit on the grounds of sovereignty or otherwise from
any legal action, suit or proceeding;

                    (ix) any failure of Seller to acquire and maintain legal and equitable
title to, and ownership of any Receivable and the Related Security and
Collections with respect thereto from any  Originator, free and clear of any Adverse Claim (other
than as created hereunder); or any failure of Seller to give reasonably
equivalent value to any  Originator under the
Receivables Sale Agreement in consideration of the transfer by
such  Originator of any Receivable, or any
attempt by any Person to void such transfer under statutory provisions or
common law or equitable action;

                    (x) any failure to vest and maintain vested in the Agent
for the benefit of the Purchasers, or to transfer to the Agent for the benefit of the Purchasers,
legal and equitable title to, and ownership of, a first priority perfected undivided percentage
ownership interest (to the extent of the Purchaser Interests contemplated hereunder) or security
interest in the Receivables, the Related Security, the Collections and the Collection Accounts,
free and clear of any Adverse Claim (except as created by the Transaction Documents);

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                    (xi) the failure to have filed, or any delay in filing, financing
statements or other similar instruments or documents under the UCC of any
applicable jurisdiction or other applicable laws with respect to any
Receivable, the Related Security and Collections with respect thereto,
and the proceeds of any thereof, whether at the time of any Incremental
Purchase or Reinvestment or at any subsequent time;

                    (xii) any action or omission by the Seller which reduces or impairs the
rights of the Agent, the Managing Agents or the Purchasers with respect
to any Receivable or the value of any such Receivable;

                    (xiii) any attempt by any Person to void any Incremental Purchase or
Reinvestment hereunder under statutory provisions or common law or
equitable action; or

                    (xiv) the failure of any Receivable included in the calculation of the
Net Receivables Balance as an Eligible Receivable to be an Eligible
Receivable at the time so included.

          Section 10.2 Indemnities by Servicer. Without limiting any other rights
that the Agent, the Managing Agents or any Purchaser may have hereunder or under
applicable law, the Servicer hereby agrees to indemnify (and pay upon demand to) each
Indemnified Party for Indemnified Amounts awarded against or incurred by any of them
relating to or resulting from:

                    (i) any representation or warranty made by the Servicer (or any officers
of Servicer) under or in connection with this Agreement, any other
Transaction Document or any other information or report delivered by
Servicer pursuant hereto or thereto, which shall have been false or
incorrect when made or deemed made;

                    (ii) the failure by Servicer to comply with any applicable law, rule or
regulation with respect to any Receivable or Contract related thereto;

                    (iii) any failure of Servicer to perform its duties, covenants or other
obligations in accordance with the provisions of this Agreement or any
other Transaction Document;

                    (iv) the commingling of Collections of Receivables at any time with other
funds;

                    (v) any investigation, litigation or proceeding relating to Servicer in
which any Indemnified Party becomes involved as a result of any of the
transactions contemplated hereby;

                    (vi) any action or omission by the Servicer which reduces or impairs the
rights of the Agent, the Managing Agents or the Purchasers with respect
to any Receivable or the value of any such Receivable; or

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        (vii) the failure of any Receivable included in the
calculation of the Net Receivables Balance as an Eligible Receivable to be an Eligible
Receivable at the time so included.

            
        
Notwithstanding the foregoing, Servicer shall not have any liability under this Section
10.2 for:

            
   (a) Indemnified Amounts to the extent a final judgment of a court of competent jurisdiction
holds that such Indemnified Amounts resulted from gross negligence or willful misconduct on the
part of the Indemnified Party seeking indemnification;

            
   (b) Indemnified Amounts to the extent the same include losses in respect of Receivables that
are uncollectible on account of the insolvency, bankruptcy or lack of creditworthiness of the
related Obligor;

            

   (c) taxes imposed by the jurisdiction in which such Indemnified Party’s principal executive
office is located, on or measured by the overall net income of such Indemnified Party to the extent
that the computation of such taxes is consistent with the characterization for income tax purposes
of the acquisition by the Purchasers of Purchaser Interests as a loan or loans by the Purchasers to
Seller secured by the Receivables, the Related Security, the Collection Accounts and the
Collections; or

           
    (d) Indemnified Amounts to the extent they resulted from an action brought by any Indemnified
Party against any other Indemnified Party not involving any Seller Party, any  Originator or any Subsidiary of any Seller Party or any  Originator;

           
         provided, however, that nothing contained in this sentence shall limit the liability
of Servicer or limit the recourse of the Indemnified Parties to Servicer for amounts otherwise
specifically provided to be paid by Servicer under the terms of this Agreement.

          Section 10.3 Increased Cost and Reduced Return.

          If after the date hereof, any Funding Source shall be charged any fee, expense or increased
cost on account of the adoption of any applicable law, rule or regulation (including any applicable
law, rule or regulation regarding capital adequacy) or any change therein, 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 with any request or
directive (whether or not having the force of law) of any such authority, central bank or
comparable agency (a “Regulatory Change”): (i) that subjects any Funding Source to any
charge or withholding on or with respect to any Funding Agreement or a Funding Source’s obligations
under a Funding Agreement, or on or with respect to the Receivables, or changes the basis of
taxation of payments to any Funding Source of any amounts payable under any Funding Agreement
(except for changes in the rate of tax on the overall net income of a Funding Source or taxes
excluded by Section 10.1) or (ii) that imposes, modifies or deems applicable any reserve,
assessment, insurance charge, special deposit or similar requirement against assets of, deposits
with or for the account of a Funding Source, or credit extended by a Funding Source pursuant to a
Funding Agreement or (iii) that imposes any other condition the result of which is to increase the
cost to a Funding Source of performing its

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obligations under a Funding Agreement, or to reduce the rate of return on a Funding Source’s
capital as a consequence of its obligations under a Funding Agreement, or to reduce the amount of
any sum received or receivable by a Funding Source under a Funding Agreement or to require any
payment calculated by reference to the amount of interests or loans held or interest received by
it, then, within five (5) Business Days after demand by the applicable Managing Agent, Seller shall
pay to the applicable Managing Agent, for the benefit of the relevant Funding Source, such amounts
charged to such Funding Source or such amounts to otherwise compensate such Funding Source for such
increased cost or such reduction, in each case, solely to the extent that such increased cost or
such reduction is attributable to the financing, ownership, commitment to fund, funding or
maintenance of any Purchaser Interest (as opposed to the assets generally held by the Indemnified
Parties and not related to this Agreement, the Transaction Documents and the transactions
contemplated thereby).

          Section 10.4 Other Costs and Expenses. Seller shall pay to the Agent, the
Managing Agents and the Purchasers within five (5) Business Days after demand all reasonable costs
and out-of-pocket expenses in connection with the preparation, execution, delivery and
administration of this Agreement, the transactions contemplated hereby and the other documents to
be delivered hereunder, including without limitation, the cost of the Conduit Purchasers’ auditors
auditing the books, records and procedures of Seller (subject to the limitation set forth in
Section 7.1(d)), reasonable fees of the ratings agencies, reasonable fees and out-of-pocket
expenses of legal counsel for each Conduit Purchaser, each Managing Agent and the Agent (which such
counsel may be employees of such Conduit Purchaser, such Managing Agent or the Agent) with respect
thereto and with respect to advising each Conduit Purchaser, each Managing Agent and the Agent as
to their respective rights and remedies under this Agreement; provided that in connection
with the preparation, execution and delivery of this Agreement, Seller shall be responsible for the
reasonable fees and out-of-pocket expenses of only one legal counsel for the Agent, the Managing
Agent and the Purchasers party hereto on the date hereof, provided further that Seller
shall not be responsible for the legal fees and expenses of more than one outside counsel (in
addition to any local counsel) for all Persons entitled to payment of such fees and expenses under
this Section 10.4 unless, as reasonably determined by such Person or its counsel,
representation of all such Persons by the same counsel would be inappropriate due to actual or
potential differing interests among them. Seller shall pay to the Agent, each Managing Agent and
each Purchaser within five (5) Business Days after demand any and all costs and expenses of the
Agent, such Managing Agent and the Purchasers, if any, including reasonable counsel fees and
expenses in connection with the enforcement of this Agreement and the other documents delivered
hereunder and in connection with any restructuring or workout of this Agreement or such documents,
or the administration of this Agreement following an Amortization Event.

          Section 10.5 Accounting Based Consolidation Event. If an Accounting Based
Consolidation Event shall at any time occur then, upon demand by the Agent or the
applicable Managing Agent, the Seller shall pay to the Agent or such applicable
Managing Agent, for the benefit of the relevant Affected Entity, such amounts as such
Affected Entity reasonably determines will compensate or reimburse such Affected
Entity for any resulting (i) fee, expense or increased cost charged to, incurred or
otherwise suffered by such Affected Entity, (ii) reduction in the rate of return on
such Affected Entity’s capital or reduction in the amount of any sum received or
receivable by such Affected Entity or (iii) internal capital charge or other imputed
cost determined by such Affected Entity to be allocable to the Seller or the
transactions contemplated in this Agreement in connection therewith. Amounts under
this

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Section 10.5 may be demanded at any time without regard to the timing of issuance of any
financial statement by any Conduit or by any Affected Entity; provided, however, that in no
event may any Affected Entity (or the applicable Agent or Managing Agent on its behalf) claim or
receive reimbursement or compensation for amounts under this Section 10.5 that would exceed
2.00% per annum on the Group Purchase Limit for the related Purchaser Group from the date such
Accounting Based Consolidation Event occurs. If the Agent or any Managing Agent becomes or
reasonably believes that it will become entitled to claim any additional amounts pursuant to this
subsection, it shall promptly notify the Borrower of the event by reason of which it has become or
will become so entitled; provided that any failure to give such notice shall not affect the
rights to demand payment under this section.

          If any Affected Entity (or the applicable Agent or Managing Agent on its behalf) requests
compensation under this Section 10.5, then the Seller may, at its sole expense and effort,
upon notice to such Affected Entity and its related Managing Agent, require the entire related
Purchaser Group (but may not require less than all of the Purchasers and the Managing Agent in such
Purchaser Group) to assign and delegate, without recourse (in accordance with and subject to the
restrictions contained in Section 12.1), all of their interests, rights and obligations
under this Agreement to assignees that shall assume such obligations (which assignees may be other
Purchasers if such Purchasers accept such assignment); provided that each such assigning
Purchaser and Managing Agent receives payment in full, pursuant to an Assignment Agreement, of an
amount equal to such Person’s share of the Aggregate Capital and Yield owing to such Purchaser and
all accrued but unpaid fees and other costs and expenses payable in respect of such Purchaser
Group’s share of the Purchaser Interests.10

ARTICLE XI

THE AGENT

          Section 11.1 Authorization and Action. Each Purchaser hereby designates and
appoints (i) HSBC to act as its Agent hereunder and under each other Transaction
Document, and (ii) the Managing Agent in its Purchase Group to act as its Managing
Agent hereunder and under each other Transaction Document, and authorizes the Agent
and such Purchaser’s Managing Agent, as the case may be, to take such actions as agent
on its behalf and to exercise such powers as are delegated to the Agent or such
Managing Agent by the terms of this Agreement and the other Transaction Documents
together with such powers as are reasonably incidental thereto. Neither the Agent
nor the Managing Agents shall have any duties or responsibilities, except those
expressly set forth herein or in any other Transaction Document, or any fiduciary
relationship with any Purchaser, and no implied covenants, functions,
responsibilities, duties, obligations or liabilities on the part of the Agent or the
Managing Agents shall be read into this Agreement or any other Transaction Document or
otherwise exist for the Agent or the Managing Agents. In performing their functions
and duties hereunder and under the other Transaction Documents, (i) the Agent shall
act solely as agent for the Purchasers, (ii) each Managing Agent shall act solely as
managing agent for the Conduit Purchasers and Committed Purchasers in its Purchase
Group, and (iii) neither the Agent nor any Managing Agent shall be deemed to have
assumed any obligation or relationship of trust or agency with or for any Seller Party
or any of such Seller Party’s successors or assigns. Neither the Agent nor any
Managing Agent shall be required to take any action that exposes the Agent

 

			
	10	 	Section 10.5 was added by Amendment No. 1.

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or such Managing Agent to personal liability or that is contrary to this Agreement, any other
Transaction Document or applicable law. The appointment and authority of the Agent and the
Managing Agents hereunder shall terminate upon the indefeasible payment in full of all Aggregate
Unpaids. Each Purchaser hereby authorizes the Agent to file each of the Uniform Commercial Code
financing statements on behalf of such Purchaser (the terms of which shall be binding on such
Purchaser).

          Section 11.2 Delegation of Duties. The Agent and the Managing Agents may
execute any of their respective duties under this Agreement and each other Transaction
Document by or through agents or attorneys-in-fact and shall be entitled to advice of
counsel concerning all matters pertaining to such duties. Neither the Agent nor any
Managing Agent shall be responsible for the negligence or misconduct of any agents or
attorneys-in-fact selected and maintained by it with reasonable care.

          Section 11.3 Exculpatory Provisions. None of the Agent, the Managing
Agents or any of their respective directors, officers, agents or employees shall be (i) liable for
any action lawfully taken or omitted to be taken by it or them under or in connection with this
Agreement or any other Transaction Document (except for its, their or such Person’s own gross
negligence or willful misconduct), or (ii) responsible in any manner to any of the Purchasers for
any recitals, statements, representations or warranties made by any Seller Party contained in this
Agreement, any other Transaction Document or any certificate, report, statement or other document
referred to or provided for in, or received under or in connection with, this Agreement, or any
other Transaction Document or for the value, validity, effectiveness, genuineness, enforceability
or sufficiency of this Agreement, or any other Transaction Document or any other document furnished
in connection herewith or therewith, or for any failure of any Seller Party to perform its
obligations hereunder or thereunder, or for the satisfaction of any condition specified in
Article VI, or for the perfection, priority, condition, value or sufficiency of any
collateral pledged in connection herewith. Neither the Agent nor any Managing Agent shall be
under any obligation to any Purchaser to ascertain or to inquire as to the observance or
performance of any of the agreements or covenants contained in, or conditions of, this Agreement or
any other Transaction Document, or to inspect the properties, books or records of the Seller
Parties. Neither the Agent nor any Managing Agent shall be deemed to have knowledge of any
Amortization Event or Potential Amortization Event unless the Agent or such Managing Agent, as
applicable, has received notice from Seller or a Purchaser. No Managing Agent shall have any
responsibility hereunder to any Purchaser other than the Purchasers in its Purchase Group.

          Section 11.4 Reliance by Agent.

          (a) The Agent shall in all cases be entitled to rely, and shall be fully protected in relying,
upon any 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 Seller), independent accountants and other experts
selected by the Agent. The Agent shall in all cases be fully justified in failing or refusing to
take any action under this Agreement or any other Transaction Document unless it shall first
receive such advice or concurrence of the Managing Agents, the Required Committed Purchasers or all
of the Purchasers, as applicable, as it deems appropriate and it shall first be indemnified to its
satisfaction by the Purchasers, provided that unless and until the Agent shall have
received such advice, the Agent may take or refrain from taking any action, as the Agent

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shall deem advisable and in the best interests of the Purchasers. The Agent shall in all cases be
fully protected in acting, or in refraining from acting, in accordance with a request of the
Managing Agents, the Required Committed Purchasers or all of the Purchasers, as applicable, and
such request and any action taken or failure to act pursuant thereto shall be binding upon all the
Purchasers.

          (b) Each Managing Agent shall in all cases be entitled to rely, and shall be fully
protected in relying, upon any 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 Seller), independent
accountants and other experts selected by such Managing Agent. Each Managing Agent shall in all
cases be fully justified in failing or refusing to take any action under this Agreement or any
other Transaction Document unless it shall first receive such advice or concurrence or the
Purchasers in its related Purchase Group, as it deems appropriate and it shall first be indemnified
to its satisfaction by such Purchasers, provided that unless and until such Managing Agent shall
have received such advice, such Managing Agent may take or refrain from taking any action, as such
Managing Agent shall deem advisable and in the best interests of the Purchasers in its related
Purchase Group. Each Managing Agent shall in all cases be fully protected in acting, or in
refraining from acting, in accordance with a request of the Purchasers in its related Purchase
Group, and such request and any action taken or failure to act pursuant thereto shall be finding
upon all such Purchasers.

          Section 11.5 Non-Reliance on Agents and Other Purchasers. Each Purchaser
expressly acknowledges that none of the Agent, the Managing Agents or any of their
respective officers, directors, employees, agents, attorneys-in-fact or affiliates has
made any representations or warranties to it and that no act by the Agent or any
Managing Agent hereafter taken, including, without limitation, any review of the
affairs of any Seller Party, shall be deemed to constitute any representation or
warranty by the Agent or such Managing Agent. Each Purchaser represents and warrants
to the Agent and the Managing Agents that it has and will, independently and without
reliance upon the Agent, any Managing Agent or any other Purchaser and based on such
documents and information as it has deemed appropriate, made its own appraisal of and
investigation into the business, operations, property, prospects, financial and other
conditions and creditworthiness of Seller and made its own decision to enter into this
Agreement, the other Transaction Documents and all other documents related hereto or
thereto.

          Section 11.6 Reimbursement and Indemnification. The Committed Purchasers
agree to reimburse and indemnify the Agent, and the Committed Purchasers in each
Purchase Group agree to reimburse the Managing Agent for such Purchase Group, and
their officers, directors, employees, representatives and agents ratably according to
their (a) Pro Rata Shares (in the case of any reimbursement any indemnity obligations
owing to its Managing Agent) or (b) ratable shares of the Purchase Limit (in the case
of any reimbursement and indemnity obligations owing to the Agent), to the extent not
paid or reimbursed by the Seller Parties (i) for any amounts for which the Agent, in
its capacity as Agent, or any Managing Agent, acting in its capacity as a Managing
Agent, is entitled to reimbursement by the Seller Parties hereunder and (ii) for any
other expenses incurred by the Agent, in its capacity as Agent, or any Managing Agent,
acting in its capacity as a Managing Agent, and acting on behalf of its related
Purchasers, in connection with the administration and enforcement of this Agreement
and the other Transaction Documents.

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          Section 11.7 Agents in their Individual Capacity. The Agent, each
Managing Agent and each of their respective Affiliates may make loans to, accept
deposits from and generally engage in any kind of business with Seller or any
Affiliate of Seller as though it were not the Agent or a Managing Agent hereunder.
With respect to the acquisition of Purchaser Interests pursuant to this Agreement, the
Agent and each Managing Agent shall have the same rights and powers under this
Agreement in its individual capacity as any Purchaser and may exercise the same as
though it were not the Agent or a Managing Agent, and the terms “Committed
Purchaser,” “Purchaser,” “Committed Purchasers” and
“Purchasers” shall include the Agent and each Managing Agent in its individual
capacity.

          Section 11.8 Successor Agent. The Agent may, upon five (5) days’ prior
notice to Seller and the Purchasers, and the Agent will, upon the direction of
all of the Purchasers (other than the Agent, in its individual capacity) resign as
Agent. Each Managing Agent may, upon five (5) days’ prior notice to Seller, the
Agent, the Purchasers in its Purchase Group, and each Managing Agent will, upon the
direction of all of the Purchasers in its Purchase Group (other than the Managing
Agent, in its individual capacity), resign as a Managing Agent. If the Agent shall
resign, then the Required Committed Purchasers during such five-day period shall
appoint from among the Purchasers a successor Agent. If a Managing Agent shall
resign, then the Required Committed Purchasers in its Purchase Group shall appoint a
successor managing agent during such five-day period. If for any reason no successor
Agent or Managing Agent is so appointed during such five-day period, then effective
upon the termination of such five-day period, the Purchasers shall perform all of the
duties of the Agent or the Purchasers in the applicable Purchase Group shall perform
all of the duties of such Managing Agent, as applicable, hereunder and under the other
Transaction Documents and Seller and the Servicer (as applicable) shall make all
payments in respect of the Aggregate Unpaids directly to the applicable Purchasers and
for all purposes shall deal directly with the Purchasers. After the effectiveness of
any retiring Managing Agent’s or any Agent’s resignation hereunder as Managing Agent
or Agent, the retiring Managing Agent or Agent shall be discharged from its duties and
obligations hereunder and under the other Transaction Documents and the provisions of
this Article XI and Article X shall continue in effect for its benefit
with respect to any actions taken or omitted to be taken by it while it was Managing
Agent or Agent under this Agreement and under the other Transaction Documents.

ARTICLE XII

ASSIGNMENTS; PARTICIPATIONS

          Section 12.1 Assignments.

          (a) Seller and each Committed Purchaser hereby agree and consent to the
complete or partial assignment by each Conduit Purchaser of all or any portion of
its rights under, interest in, title to and obligations under this Agreement (i) to
the Committed Purchasers pursuant to this Agreement or pursuant to a Liquidity
Agreement, (ii) to any other Purchaser, any Managing Agent or the Agent or any of
their respective Affiliates, (iii) to any other issuer of commercial paper notes or
other entity which obtains funds from such an issuer of commercial paper notes, which
in either case is sponsored or administered by the Managing Agent of such Conduit
Purchaser’s Purchase Group or administered by any Affiliate of such Managing Agent or
(iv) to any other Person; provided that, prior to the occurrence of an Amortization
Event, such Conduit Purchaser may not make any such assignment pursuant to

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this clause (iv) without the consent of the Seller (which consent shall not be unreasonably
withheld or delayed). Upon any such assignment, any such Conduit Purchaser shall be released from
its obligations so assigned. Further, Seller and each Committed Purchaser hereby agree that any
assignee of any Conduit Purchaser of this Agreement or all or any of the Purchaser Interests of any
Conduit Purchaser shall have all of the rights and benefits under this Agreement as if the term
“Conduit Purchaser” explicitly referred to such party, and no such assignment shall in any
way impair the rights and benefits of any Conduit Purchaser hereunder. Neither Seller nor the
Servicer shall have the right to assign its rights or obligations under this Agreement.

          (b) Any Committed Purchaser may at any time and from time to time assign to one or more
Persons (“Purchasing Committed Purchasers”) all or any part of its rights and obligations
under this Agreement pursuant to an assignment agreement, substantially in the form set forth in
Exhibit VII hereto (the “Assignment Agreement”) executed by such Purchasing
Committed Purchaser and such selling Committed Purchaser; provided that the Seller’s
consent (which consent shall not be unreasonably withheld or delayed) shall be required for any
such assignment unless: (i) such assignment is to any other Purchaser, any Managing Agent or the
Agent or any of their respective Affiliates, (iii) such assignment is to any issuer of commercial
paper notes or other entity which obtains funds from such an issuer of commercial paper notes,
which in either case is sponsored or administered by the Managing Agent of such Committed
Purchaser’s Purchase Group or administered by any Affiliate of such Managing Agent or (iv) an
Amortization Event has occurred. In addition, the consent of the Managing Agent for such
Committed Purchaser’s Purchase Group shall be required prior to the effectiveness of any such
assignment. Each assignee of a Committed Purchaser must (i) have a short-term debt rating of A-1
or better by Standard & Poor’s Ratings Group and P-1 by Moody’s Investor Service, Inc. and (ii)
agree to deliver to the Agent, promptly following any request therefor by the Agent or any Conduit
Purchaser in its Purchase Group, an enforceability opinion in form and substance satisfactory to
the Agent and such Conduit Purchaser. Upon delivery of the executed Assignment Agreement to the
Agent and the related Managing Agent, such selling Committed Purchaser shall be released from its
obligations hereunder to the extent of such assignment. Thereafter the Purchasing Committed
Purchaser shall for all purposes be a Committed Purchaser party to this Agreement and shall have
all the rights and obligations of a Committed Purchaser under this Agreement to the same extent as
if it were an original party hereto and no further consent or action by Seller, the Purchasers, the
related Managing Agent or the Agent shall be required.

          (c) Each of the Committed Purchasers agrees that in the event that it shall cease to have a
short-term debt rating of A-1 or better by Standard & Poor’s Ratings Group and P-1 by Moody’s
Investor Service, Inc. (an “Affected Committed Purchaser”), such Affected Committed
Purchaser shall be obliged, at the request of any Conduit Purchaser in its Purchase Group or the
related Managing Agent, to assign all of its rights and obligations hereunder to (x) another
Committed Purchaser or (y) subject to Seller’s consent rights in paragraph (b) above, another
funding entity nominated by its Managing Agent and acceptable to such Conduit Purchaser, and
willing to participate in this Agreement until the date described in clause (i) of the definition
of Facility Termination Date in the place of such Affected Committed Purchaser; provided
that the Affected Committed Purchaser receives payment in full, pursuant to an Assignment
Agreement, of an amount equal to such Committed Purchaser’s share of the Aggregate Capital and
Yield owing to the Committed Purchasers and all accrued but unpaid fees and other costs and
expenses payable in respect of its share of the Purchaser Interests.

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          Section 12.2 Participations. Any Committed Purchaser may, in the
ordinary course of its business at any time sell to one or more Persons (each a
“Participant”) participating interests in its share of the Purchaser
Interests, its Commitment or any other interest of such Committed Purchaser hereunder.
Notwithstanding any such sale by a Committed Purchaser of a participating interest
to a Participant, such Committed Purchaser’s rights and obligations under this
Agreement shall remain unchanged, such Committed Purchaser shall remain solely
responsible for the performance of its obligations hereunder, and Seller, the
Purchasers, the Managing Agents and the Agent shall continue to deal solely and
directly with such Committed Purchaser in connection with such Committed Purchaser’s
rights and obligations under this Agreement. Each Committed Purchaser agrees that
any agreement between such Committed Purchaser and any such Participant in respect of
such participating interest shall not restrict such Committed Purchaser’s right to
agree to any amendment, supplement, waiver or modification to this Agreement, except
for any amendment, supplement, waiver or modification described in Section
13.1(b)(i).

          Section 12.3 Federal Reserve. Notwithstanding any other provision of this
Agreement to the contrary, any Committed Purchaser may at any time pledge or grant a
security interest in all or any portion of its rights (including, without limitation,
any Purchaser Interest and any rights to payment of Capital and Yield) under this
Agreement to secure obligations of such Committed Purchaser to a Federal Reserve Bank,
without notice to or consent of the Seller, the Agent or any other Person;
provided that no such pledge or grant of a security interest shall release a
Committed Purchaser from any of its obligations hereunder, or substitute any such
pledgee or grantee for such Committed Purchaser as a party hereto.11

ARTICLE XIII

MISCELLANEOUS

          Section 13.1 Waivers and Amendments.

               (a) No failure or delay on the part of any Seller Party, the Agent, any Managing Agent or any
Purchaser in exercising any power, right or remedy under this Agreement shall operate as a waiver
thereof, nor shall any single or partial exercise of any such power, right or remedy preclude any
other further exercise thereof or the exercise of any other power, right or remedy. The rights
and remedies herein provided shall be cumulative and nonexclusive of any rights or remedies
provided by law. Any waiver of this Agreement shall be effective only in the specific instance
and for the specific purpose for which given.

               (b) No provision of this Agreement may be amended, supplemented, modified or waived except in
writing in accordance with the provisions of this Section 13.1(b). The Conduit
Purchasers, Managing Agents, Servicer, Seller and the Agent, at the direction of the Required
Committed Purchasers, may enter into written modifications or waivers of any provisions of this
Agreement, provided, however, that no such modification or waiver shall:

 

			
	11	 	Section 12.3 was added by Amendment No. 1.

Page 41

 

               (i) without the consent of each affected Purchaser, (A) extend the date
described in clause (i) of the definition of Facility Termination Date or
the date of any payment or deposit of Collections by Seller or the
Servicer, (B) reduce the rate or extend the time of payment of Yield (or
any component of Yield), (C) reduce any fee payable to any Managing Agent
for the benefit of the Purchasers, (D) except pursuant to Article
XII hereof, change the amount of the Capital of any Purchaser, any
Committed Purchaser’s Pro Rata Share or any Committed Purchaser’s
Commitment, (E) amend, modify or waive any provision of the definition of
Required Committed Purchasers or this Section 13.1(b), (F)
consent to or permit the assignment or transfer by Seller of any of its
rights and obligations under this Agreement, (G) change the definition of
“Delinquency Ratio,” “Dilution Ratio,” “Dilution
Reserve,” “Eligible Receivable,” “Loss Reserve,”
“Loss-to-Liquidation Ratio,” or “Yield and Servicing Fee
Reserve” or (H) amend or modify any defined term (or any defined term
used directly or indirectly in such defined term) used in clauses (A)
through (G) above in a manner that would circumvent the intention of the
restrictions set forth in such clauses; or

               (ii) without the written consent of any then Agent or Managing Agents,
amend, modify or waive any provision of this Agreement if the effect
thereof is to affect the rights or duties of such Agent or Managing
Agent.

Notwithstanding the foregoing, without the consent of the Committed Purchasers, but with the
consent of Seller and the related Managing Agent, the Agent may amend this Agreement solely to add
additional Persons as Committed Purchasers hereunder. Any modification or waiver made in
accordance with this Section 13.1 shall apply to each of the Purchasers equally and shall
be binding upon Seller, the Servicer, the Purchasers, the Managing Agents and the Agent.

          Section 13.2 Notices. Except as provided in this Section 13.2, all
communications and notices provided for hereunder shall be in writing (including bank
wire, telecopy or electronic facsimile transmission, electronic mail or similar
writing) and shall be given to the other parties hereto at their respective addresses,
telecopy numbers or email addresses set forth on the signature pages hereof or at such
other address, telecopy number or email addresses as such Person may hereafter specify
for the purpose of notice to each of the other parties hereto. Each such notice or
other communication shall be effective (i) if given by telecopy or email, upon the
receipt thereof, (ii) if given by mail, three (3) Business Days after the time such
communication is deposited in the mail with first class postage prepaid or (iii) if
given by any other means, when received at the address specified in this Section
13.2. Seller hereby authorizes the Agent and each Managing Agent to effect
purchases and each Managing Agent to make Tranche Period and Discount Rate selections
based on telephonic notices made by any Person whom the Agent or such Managing Agent
in good faith believes to be acting on behalf of Seller. Seller agrees to deliver
promptly to the Agent and each Managing Agent a written confirmation of each
telephonic notice signed by an authorized officer of Seller; provided,
however, the absence of such confirmation shall not affect the validity of
such notice. If the written confirmation differs from the action taken by the Agent or
any Managing Agent, the records of the Agent or such Managing Agent shall govern
absent manifest error.

          Section 13.3 Ratable Payments. If any Purchaser, whether by setoff or
otherwise, has payment made to it with respect to any portion of the Aggregate Unpaids
owing to such Purchaser (other than payments received pursuant to Section 10.3
or 10.4) in a greater

Page 42

 

proportion than that received by any other Purchaser entitled to receive a ratable share of such
Aggregate Unpaids, such Purchaser agrees, promptly upon demand, to purchase for cash without
recourse or warranty a portion of such Aggregate Unpaids held by the other Purchasers so that
after such purchase each Purchaser will hold its ratable proportion of such Aggregate Unpaids;
provided that if all or any portion of such excess amount is thereafter recovered from such
Purchaser, such purchase shall be rescinded and the purchase price restored to the extent of such
recovery, but without interest.

          Section 13.4 Protection of Ownership Interests of the Purchasers.

               (a) Seller agrees that from time to time, at its expense, it will, or will cause the Servicer
to, promptly execute and deliver all instruments and documents, and take all actions, that may be
necessary or desirable, or that any Managing Agent may reasonably request, to perfect, protect or
more fully evidence the Purchaser Interests, or to enable the Agent, the Managing Agents or the
Purchasers to exercise and enforce their rights and remedies hereunder. At any time after the
occurrence of an Amortization Event, the Agent may, or the Agent may direct Seller or the Servicer
to, notify the Obligors of Receivables, at Seller’s expense, of the ownership or security interests
of the Purchasers under this Agreement and may also direct that payments of all amounts due or that
become due under any or all Receivables be made directly to the Agent or its designee. Seller or
the Servicer (as applicable) shall, at any Purchaser’s request, withhold the identity of such
Purchaser in any such notification.

               (b) If any Seller Party fails to perform any of its material obligations hereunder, the Agent,
any Managing Agent or any Purchaser may (but shall not be required to) perform, or cause
performance of, such obligations, and the Agent’s, such Managing Agent’s or such Purchaser’s
out-of-pocket costs and expenses incurred in connection therewith shall be payable by Seller as
provided in Section 10.4. Each Seller Party irrevocably authorizes the Agent at any time
and from time to time in the sole discretion of the Agent, and appoints the Agent as its
attorney-in-fact, to act on behalf of such Seller Party (i) to file financing statements necessary
or desirable in the Agent’s sole discretion to perfect and to maintain the perfection and priority
of the interest of the Purchasers in the Receivables and (ii) to file a carbon, photographic or
other reproduction of this Agreement or any financing statement with respect to the Receivables as
a financing statement in such offices as the Agent in its sole discretion deems necessary or
desirable to perfect and to maintain the perfection and priority of the interests of the Purchasers
in the Receivables. This appointment is coupled with an interest and is irrevocable.

          Section 13.5 Confidentiality.

               (a) Each of the Agent, the Managing Agents and the Purchasers 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 (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

Page 43

 

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) by the Agent, any Managing Agent or any Purchaser to any rating agency,
Commercial Paper dealer, provider of credit enhancement or liquidity to any Conduit Purchaser or
any Person providing financing to, or holding equity interests in, any Conduit Purchaser, and to
any officers, directors, employees, outside accountants and attorneys of any of the foregoing, and
in each case, to the extent that such Person reasonably requires such information, (h) with the
consent of the Seller or Servicer, or (i) 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 Agent,
any Managing Agent or any Purchaser on a nonconfidential basis from a source other than a Seller
Party or one of its Affiliates. For the purposes of this Section, “Information” means
all information received from a Seller Party relating to any Seller Party or its business, other
than any such information that is available to the Agent, any Managing Agent or any Purchaser on a
nonconfidential basis prior to disclosure by such Seller Party; provided that, in the case
of information received from a Seller Party after the date hereof, 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. Each Person recognizes its responsibility for compliance with United States federal
securities laws, including insider trading, in connection herewith.

               (b) Each Seller Party and each Purchaser shall maintain and shall cause each of
its employees and officers to maintain the confidentiality of the Fee Letter,
the Agent Fee Letter 12and the other confidential or proprietary
information with respect to the Agent, each Managing Agent, each Purchaser and
their respective businesses obtained by it or them in connection with the
structuring, negotiating and execution of the transactions contemplated herein,
except that information may be disclosed (a) to such Person’s and its
Affiliates’ directors, officers, employees and agents, including accountants,
legal counsel and other advisors (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, or
(d) 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 any Seller
Party or Purchaser on a nonconfidential basis from a source other than the
Agent, a Managing Agent or a Purchaser or one of its Affiliates. If, in the
reasonable judgment of any Seller Party, this Agreement or any Transaction
Document shall be required to be publicly filed with the SEC under any
applicable law, such Seller Party, or HBI on its behalf, may file any such
document as required under applicable law. 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.
Anything herein to the contrary notwithstanding, each Seller Party, each
Purchaser, the Agent, each Managing Agent, each Indemnified Party and any
successor or assign of any of the foregoing (and each employee, representative
or other agent of any of the foregoing) may disclose to any and all Persons,
without limitation of any kind, the

 

12 The second and third lines of paragraph (b) in Section 13.5 were amended to
include “, the Agent Fee Letter” by Amendment No. 1.

Page 44

 

“tax treatment” and “tax structure” (in each case, within the meaning of Treasury Regulation
Section 1.6011-4) of the transactions contemplated herein and all materials of any kind (including
opinions or other tax analyses) that are or have been provided to any of the foregoing relating to
such tax treatment or tax structure, and it is hereby confirmed that each of the foregoing have
been so authorized since the commencement of discussions regarding the transactions.

          Section 13.6 Bankruptcy Petition. Seller, the Servicer, the Agent, each
Managing Agent and each Purchaser hereby covenants and agrees that, prior to the date
that is one (1) year and one (1) day after the payment in full of all outstanding
senior indebtedness of any Conduit Purchaser, it will not institute against, or join
any other Person in instituting against, such Conduit Purchaser any bankruptcy,
reorganization, arrangement, insolvency or liquidation proceedings or other similar
proceeding under the laws of the United States or any state of the United States.

     Section 13.7 Limited Recourse. Notwithstanding anything to the contrary
contained herein, the obligations of any Conduit Purchaser under this Agreement are
solely the obligations of such Conduit Purchaser and, in the case of obligations of
such Conduit Purchaser other than Commercial Paper, shall be payable at such time as
funds are received by or are available to such Conduit Purchaser in excess of funds
necessary to pay in full all outstanding Commercial Paper of such Conduit Purchaser
and, to the extent funds are not available to pay such obligations, the claims
relating thereto shall not constitute a claim against such Conduit Purchaser but shall
continue to accrue. Each party hereto agrees that the payment of any claim (as defined
in Section 101 of Title 11, United States Code (Bankruptcy)) of any such party against
a Conduit Purchaser shall be subordinated to the payment in full of all Commercial
Paper of such Conduit Purchaser.

          No recourse under any obligation, covenant or agreement of any Conduit Purchaser contained in
this Agreement shall be had against any member, manager, officer, director, employee or agent of
such Conduit Purchaser, the Agent, the Managing Agents, the Manager or any of their Affiliates
(solely by virtue of such capacity) by the enforcement of any assessment or by any legal or
equitable proceeding, by virtue of any statute or otherwise; it being expressly agreed and
understood that this Agreement is solely an obligation of such Conduit Purchaser individually, and
that no personal liability whatever shall attach to or be incurred by any incorporator,
stockholder, officer, director, member, employee or agent of such Conduit Purchaser, the Agent, the
Managing Agents, the Manager or any of their Affiliates (solely by virtue of such capacity) or any
of them under or by reason of any of the obligations, covenants or agreements of such Conduit
Purchaser contained in this Agreement, or implied therefrom, and that any and all personal
liability for breaches by such Conduit Purchaser of any of such obligations, covenants or
agreements, either at common law or at equity, or by statute, rule or regulation, of every such
member, manager, officer, director, employee or agent is hereby expressly waived as a condition of
and in consideration for the execution of this Agreement; provided that the foregoing shall
not relieve any such Person from any liability it might otherwise have as a result of fraudulent
actions taken or omissions made by them.

          The obligations of each Seller Party under this Agreement are solely the corporate obligations
of such Seller Party. No recourse under any obligation, covenant or agreement of any Seller Party
contained in this Agreement shall be had against any member,

Page 45

 

manager, officer, director, employee or agent of such Seller Party or any of their Affiliates
(solely by virtue of such capacity) by the enforcement of any assessment or by any legal or
equitable proceeding, by virtue of any statute or otherwise; it being expressly agreed and
understood that this Agreement is solely an obligation of such Seller Party individually, and that
no personal liability whatever shall attach to or be incurred by any incorporator, stockholder,
officer, director, member, employee or agent of such Seller Party or any of their Affiliates
(solely by virtue of such capacity) or any of them under or by reason of any of the obligations,
covenants or agreements of such Seller Party contained in this Agreement, or implied therefrom, and
that any and all personal liability for breaches by such Seller Party of any of such obligations,
covenants or agreements, either at common law or at equity, or by statute, rule or regulation, of
every such member, manager, officer, director, employee or agent is hereby expressly waived as a
condition of and in consideration for the execution of this Agreement; provided that the foregoing
shall not relieve any such Person from any liability it might otherwise have as a result of
fraudulent actions taken or omissions made by them.

          Section 13.8 Limitation of Liability. Except with respect to any claim
arising out of the willful misconduct or gross negligence of any Conduit Purchaser,
any Managing Agent, the Agent, any Seller Party or any Committed Purchaser, no claim
may be made by any Seller Party or any other Person against any Conduit Purchaser, any
Managing Agent, the Agent, any Seller Party or any Committed Purchaser or their
respective Affiliates, directors, officers, employees, attorneys or agents for any
special, indirect, consequential or punitive damages in respect of any claim for
breach of contract or any other theory of liability arising out of or related to the
transactions contemplated by this Agreement, or any act, omission or event occurring
in connection therewith; and each party hereto hereby waives, releases, and agrees not
to sue upon any claim for any such damages, whether or not accrued and whether or not
known or suspected to exist in its favor.

          Section 13.9 CHOICE OF LAW. THIS AGREEMENT SHALL BE GOVERNED AND CONSTRUED
IN ACCORDANCE WITH THE INTERNAL LAWS (AND NOT THE LAW OF CONFLICTS) OF THE STATE OF
NEW YORK.

          Section 13.10 CONSENT TO JURISDICTION. EACH PARTY HERETO HEREBY IRREVOCABLY
SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY UNITED STATES FEDERAL OR NEW YORK STATE COURT
SITTING IN NEW YORK, NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
AGREEMENT OR ANY DOCUMENT EXECUTED BY SUCH PERSON PURSUANT TO THIS AGREEMENT AND EACH PARTY HERETO
HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAY BE HEARD AND
DETERMINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE AS
TO THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS
AN INCONVENIENT FORUM. NOTHING HEREIN SHALL LIMIT THE RIGHT OF ANY PARTY HERETO TO BRING
PROCEEDINGS AGAINST ANY OTHER PARTY HERETO IN THE COURTS OF ANY OTHER JURISDICTION.

          Section 13.11 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES TRIAL BY
JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN
TORT,

Page 46

 

CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH THIS AGREEMENT, ANY
DOCUMENT EXECUTED BY ANY PARTY PURSUANT TO THIS AGREEMENT OR THE RELATIONSHIP ESTABLISHED HEREUNDER
OR THEREUNDER.

          Section 13.12 Integration; Binding Effect; Survival of Terms.

               (a) This Agreement and each other Transaction Document contain the final and complete
integration of all prior expressions by the parties hereto with respect to the subject matter
hereof and shall constitute the entire agreement among the parties hereto with respect to the
subject matter hereof superseding all prior oral or written understandings.

               (b) This Agreement shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and permitted assigns (including any trustee in bankruptcy). This
Agreement shall create and constitute the continuing obligations of the parties hereto in
accordance with its terms and shall remain in full force and effect until terminated in accordance
with its terms; provided, however, that the rights and remedies with respect to (i)
any breach of any representation and warranty made by any Seller Party pursuant to Article
V, (ii) the indemnification and payment provisions of Article X, and Sections
13.5, 13.6, 13.7 and 13.8 shall be continuing and shall survive any termination
of this Agreement.

          Section 13.13 Counterparts; Severability; Section References. 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 all of which
when taken together shall constitute one and the same Agreement. Any provisions of this Agreement
which are prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such prohibition or unenforceability without invalidating the
remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall
not invalidate or render unenforceable such provision in any other jurisdiction. Unless otherwise
expressly indicated, all references herein to “Article,” “Section,” “Schedule” or “Exhibit” shall
mean articles and sections of, and schedules and exhibits to, this Agreement.

          Section 13.14 Agent Roles.

          (a) HSBC Roles. Each of the Committed Purchasers acknowledges that HSBC acts, or
may in the future act, (i) as Agent for the Purchasers, (ii) as managing agent for one or more
Conduit Purchasers, (iii) as issuing and paying agent for the Commercial Paper issued by one or
more Conduit Purchasers, (iv) to provide credit or liquidity enhancement for the timely payment for
the Commercial Paper of one or more Conduit Purchases and (v) to provide other services from time
to time for any of the Purchasers (collectively, the “HSBC Roles”). Without limiting the
generality of this Section 13.14, each Committed Purchaser hereby acknowledges and consents
to any and all HSBC Roles and agrees that in connection with any HSBC Role, HSBC may take, or
refrain from taking, any action that it, in its discretion, deems appropriate, including, without
limitation, in its role as Agent hereunder.

          (b) Managing Agent Institution Roles. Each of the Committed Purchasers
acknowledges that each Person that serves as a Managing Agent hereunder (a

Page 47

 

“Managing Agent Institution”) acts, or may in the future act, (i) as Managing Agent for one
or more Conduit Purchasers, (ii) as issuing and paying agent for each such Conduit Purchaser’s
Commercial Paper, (iii) to provide credit or liquidity enhancement for the timely payment for each
such Conduit Purchaser’s Commercial Paper and (iv) to provide other services from time to time for
some or all of the Conduit Purchasers (collectively, the “Managing Agent’s Institution
Roles”). Without limiting the generality of this Section 13.14(b), each Committed Purchaser
hereby acknowledges and consents to any and all Managing Agent Institution Roles and agrees that in
connection with any Managing Agent Institution Role, the applicable Managing Agent Institution may
take, or refrain from taking, any action that it, in its discretion, deems appropriate, including,
without limitation, in its role as administrative agent for the related Conduit Purchaser.

          Section 13.15 Characterization.

               (a) It is the intention of the parties hereto that each purchase hereunder shall constitute
and be treated as an absolute and irrevocable sale, which purchase shall provide the applicable
Purchaser with the full benefits of ownership of the applicable Purchaser Interest. Except as
specifically provided in this Agreement, each sale of a Purchaser Interest hereunder is made
without recourse to Seller; provided, however, that (i) Seller shall be liable to
each Purchaser, each Managing Agent and the Agent for all representations, warranties, covenants
and indemnities made by Seller pursuant to the terms of this Agreement, and (ii) such sale does not
constitute and is not intended to result in an assumption by any Purchaser, any Managing Agent or
the Agent or any assignee thereof of any obligation of Seller or any  Originator or any other person arising in connection with the Receivables, the
Related Security, or the related Contracts, or any other obligations of Seller or
any Originator.

               (b) In addition to any ownership interest which the Agent and the Purchasers may from time to
time acquire pursuant hereto, Seller hereby grants to the Agent for the ratable benefit of the
Purchasers and the other Indemnified Parties a valid and perfected security interest in all of
Seller’s right, title and interest in, to and under the following assets, now existing or hereafter
arising: (i) all Receivables, (ii) the Collections, (iii) each Lock-Box, (iv) each Collection
Account, (v) all Related Security, (vi) all other rights and payments relating to such Receivables,
(vii) all of Seller’s rights, title, and interest in, to and under the Performance
Undertaking and the Sale Agreements (including, without limitation, (a) all
rights to indemnification arising thereunder and (b) all UCC financing statements filed pursuant
thereto), (viii) all proceeds of any of the foregoing, and (ix) all other assets in which the Agent
has acquired, may hereafter acquire and/or purports to have acquired an interest hereunder to
secure the prompt and complete payment of the Aggregate Unpaids, which security interest shall be
prior to all other Adverse Claims thereto. The Agent and the Purchasers shall have, in addition
to the rights and remedies that they may have under this Agreement, all other rights and remedies
provided to a secured creditor under the UCC and other applicable law, which rights and remedies
shall be cumulative. The Seller hereby authorizes the Agent, within the meaning of 9-509 of any
applicable enactment of the UCC, as secured party for the benefit of itself and of the Indemnified
Parties, to file, without the signature of the Seller or any Transferor, as debtors, the UCC
financing statements contemplated herein and under the Receivables Sale Agreement.

               (c) In connection with Seller’s transfer of its right, title and interest in, to and under the
Receivables Sale Agreement, the Seller agrees that the Agent shall

Page 48

 

have the right to enforce the Seller’s rights and remedies under the Receivables Sale Agreement, to
receive all amounts payable thereunder or in connection therewith, to consent to amendments,
modifications or waivers thereof, and to direct, instruct or request any action thereunder, but in
each case without any obligation on the part of the Agent, any Managing Agent or any Purchaser or
any of its or their respective Affiliates to perform any of the obligations of the Seller under the
Receivables Sale Agreement. To the extent that the Seller enforces the Seller’s rights and
remedies under the Receivables Sale Agreement, from and after the occurrence of an Amortization
Event, and during the continuance thereof, the Agent shall have the exclusive right to direct such
enforcement by the Seller.

               (d) If, notwithstanding the intention of the parties expressed above, any sale
or transfer by Seller hereunder shall be characterized as a secured loan and
not a sale or such sale shall for any reason be ineffective or unenforceable
(any of the foregoing being a “Recharacterization”), then this
Agreement shall be deemed to constitute a security agreement under the UCC and
other applicable law. In the case of any Recharacterization, the Seller
represents and warrants that each remittance of Collections to the Agent or the
Purchasers hereunder will have been (i) in payment of a debt incurred in the
ordinary course of its business or financial affairs and (ii) made in the
ordinary course of its business or financial affairs.

          Section 13.16 USA PATRIOT Act. Each Committed Purchaser that is subject to
the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26,
2001)) (the “Act”) hereby notifies the Seller Parties that pursuant to the requirements of
the Act, it is required to obtain, verify and record information that identifies each Seller Party,
which information includes the name and address of the each Seller Party and other information that
will allow such Committed Purchaser to identify each Seller Party in accordance with the Act.

Page 49

 

          IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and
delivered by their duly authorized officers as of the date hereof.

	 	 	 	 	 	 	 	 	 
	 	 	HBI RECEIVABLES LLC, as Seller	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	Name: Richard D. Moss	 	 
	 	 	Title: President and Chief Executive Officer	 	 
	 	 	Address:	 	 
	 

	 	 	 	 	 	1000 East Hanes Mill Road 
	 	 
	 

	 	 	 	 	 	Winston-Salem, NC 27105	 	 
	 

	 	 	 	 	 	Attention: Chad L.
KellerRichard
D. Moss	 	 
	 

	 	 	 	 	 	Fax:
(336)
714-3650-519-4667	 	 
	 

	 	 	 	 	 	Telephone:
(336)-519-44774332	 	 
	 

	 	 	 	 	 	Email:
rick.moss@hanesbrands.com	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	HANESBRANDS INC., as Servicer	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	Name: Richard D. Moss	 	 
	 	 	Title: Treasurer	 	 
	 	 	Address:	 	 
	 

	 	 	 	 	 	1000 East Hanes Mill Road 	 	 
	 

	 	 	 	 	 	Winston-Salem, NC 27105	 	 
	 

	 	 	 	 	 	Attention: Chad L.
KellerRichard
D. Moss	 	 
	 

	 	 	 	 	 	Fax:
(336)
714-3855-519-4667	 	 
	 

	 	 	 	 	 	Telephone:
(336)-519-54784332	 	 
	 

	 	 	 	 	 	Email:
rick.moss@hanesbrands.com	 	 

Signature Page to Receivables Purchase Agreement

 

 

	 	 	 	 	 	 	 	 	 
	 	 	BRYANT PARK FUNDING LLC, as a Conduit

Purchaser	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 
	 	 	Address: Bryant Park Funding LLC	 	 
	 

	 	 	 	 	 	c/o Global Securitization Services, LLC
	 	 
	 

	 	 	 	 	 	Attn: Tony Wong	 	 
	 

	 	 	 	 	 	445 Broad Hollow Road, Suite 239	 	 
	 

	 	 	 	 	 	Melville, NY 11747	 	 
	 

	 	 	 	 	 	Fax: 212-302-8767	 	 
	 

	 	 	 	 	 	Tel: 631-930-7207	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	HSBC SECURITIES (USA) Inc., as a Managing
Agent and as Agent13	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 
	 	 	Address: HSBC Securities (USA) Inc.	 	 
	 

	 	 	 	 	 	Attn: James Lees/Suzanna Baird	 	 
	 

	 	 	 	 	 	452 Fifth Avenue	 	 
	 

	 	 	 	 	 	New York, NY 10018	 	 
	 

	 	 	 	 	 	Tel: 212-525-5923/212-525-5478	 	 
	 

	 	 	 	 	 	Fax: 646-366-3299/646-366-3099	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	HSBC BANK USA, NATIONAL
ASSOCIATIONPLC,

as a Committed Purchaser	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 
	 	 	Address: HSBC Bank USA, National Association	 	 
	 

	 	 	 	 	 	Attn: Rob Devir	 	 
	 

	 	 	 	 	 	452 Fifth Avenue	 	 
	 

	 	 	 	 	 	New York, NY 10018	 	 
	 

	 	 	 	 	 	Tel: 212-525-5726	 	 
	 

	 	 	 	 	 	Fax: 212-382-7583	 	 

 

			
	13	 	Title and address was revised to reflect Resignation and Appointment Agreement.

Signature Page to Receivables Purchase Agreement

 

 

EXHIBIT I

DEFINITIONS

     As used in this Agreement, the following terms shall have the following meanings (such
meanings to be equally applicable to both the singular and plural forms of the terms defined):

     “Accounting Based Consolidation Event” means the consolidation, for financial and/or
regulatory accounting purposes, of all or any portion of the assets and liabilities of any Conduit
that are subject to this Agreement or any other Transaction Document with all or any portion of the
assets and liabilities of an Affected Entity. An Accounting Based Consolidation Event shall be
deemed to occur on the date any Affected Entity shall acknowledge in writing that any such
consolidation of the assets and liabilities of such Conduit shall occur.14

     “Accrual Period” means each calendar month, provided that the initial Accrual Period
hereunder means the period from (and including) the date of the initial Incremental Purchase
hereunder to (and including) the last day of the calendar month thereafter.

     “Additional Excluded Obligor” means the single Obligor specified in the notice
delivered in connection with the Additional Obligor Exclusion Date . For the avoidance of doubt,
Seller may designate only a single entity as an Additional Excluded Obligor during the term of this
Agreement.15

     “Additional Obligor Exclusion Date” means the date designated as the “Additional
Obligor Exclusion Date” in a notice from Seller to the Agent and each Managing Agent, which
notice is delivered at least three (3) Business Days prior to such designated date, and which shall
specify the name of the Additional Excluded Obligor. For the avoidance of doubt, Seller may
designate only a single Additional Obligor Exclusion Date during the term of this
Agreement.16

     “Adverse Claim” means a lien, security interest, charge or encumbrance, or other right
or claim in, of or on any Person’s assets or properties in favor of any other Person.

     “Affected Committed Purchaser” has the meaning specified in Section 12.1(c).

     “Affected Entity” means (i) any Committed Purchaser, (ii) any insurance company, bank
or other funding entity providing liquidity, credit enhancement or back-up purchase support or
facilities to a Conduit, (iii) any agent, administrator or manager of a Conduit, or (iv) any bank
holding company in respect of any of the foregoing.17

     “Affiliate” means, with respect to any Person, any other Person directly or indirectly
controlling, controlled by, or under direct or indirect common control with, such Person or any
Subsidiary of such Person. A Person shall be deemed to control another Person if the

 

			
	14	 	This definition was added by Amendment No. 1.
	 
	15	 	This definition was added by Amendment No. 5.
	 
	16	 	This definition was added by Amendment No. 5.
	 
	17	 	This definition was added by Amendment No. 1.

Exh. I-1

 

controlling Person owns 15.0% or more of any class of voting securities of the controlled Person or
possesses, directly or indirectly, the power to direct or cause the direction of the management or
policies of the controlled Person, whether through ownership of stock, by contract or otherwise.

     “Agent” has the meaning set forth in the preamble to this Agreement.

     “Agent Fee Letter” means the letter agreement dated as of April 13, 2009, between
the Agent and Seller as the same may be amended, restated, supplemented or otherwise modified from
time to time.18

     “Aggregate Capital” means, on any date of determination, the aggregate amount of
Capital of all Purchaser Interests outstanding on such date.

     “Aggregate Reduction” has the meaning specified in Section 1.3.

     “Aggregate Reserves” means, on any date of determination, the sum of the Loss
Reserve, the Dilution Reserve and the Yield and Servicing Fee Reserve.

     “Aggregate Unpaids” means, at any time, an amount equal to the sum of all Aggregate
Capital and all unpaid Obligations (whether due or accrued) at such time.

     “Agreement” means this Receivables Purchase Agreement, as it may be amended or
modified and in effect from time to time.

     “Alternate Base Rate” means, for any date, a rate per annum equal to the greatest of
(a) LIBO for a one month Tranche Period at approximately 11:00 a.m. London time on such day (or if
such day is not a Business Day, the immediately preceding Business Day) plus 1.0%, (b) the Federal
Funds Effective Rate in effect on such day plus 1/2 of 1% and (c) the rate of interest per annum
publicly announced from time to time by HSBC as its prime rate in effect at its principal office in
New York City; each change in the rate described in this clause (c) shall be effective from and
including the date such change is publicly announced as being effective. Any change in the
Alternate Base Rate due to a change in any rate described in clause (a), (b) or (c) above shall be
effective from and including the effective date of such change.19

     “Amortization Date” means the earliest to occur of (i) the day on which any of the
conditions precedent set forth in Section 6.2 are not satisfied, (ii) the Business Day immediately
prior to the occurrence of an Amortization Event set forth in Section 9.1(d)(ii), (iii) the
Business Day specified in a written notice from the Agent following the occurrence of any other
Amortization Event, (iv) the date which is 30 days after the Agent’s receipt of written notice from
Seller that it wishes to terminate the facility evidenced by this Agreement, (v) the date described
in clause (i) of the definition of Facility Termination Date and (vi) the Termination Date under
and as defined in the Receivables Sale Agreement.

     “Amortization Event” has the meaning specified in Article IX.

 

			
	18	 	This definition was added by Amendment No. 1 and later deleted and replaced in
its entirety by Amendment No. 2.
	 
	19	 	This definition was added by Amendment No. 1.

Exh. I-2

 

     “Applicable Margin” has the meaning set forth in the Fee Letter.

     “Assignment Agreement” has the meaning set forth in Section 12.1(b).

     “Authorized Officer” means, with respect to any Person, its president, chief
executive officer, treasurer, assistant treasurer, chief financial officer, or controller.

     “Bank of America Accounts” means (i) each Collection Account in the name of
GFSI, Inc. and (ii) each Collection Account in the name of CC Products, Inc., maintained with Bank
of America, N.A., as depository bank.

     “Broken Funding Costs” means for any Purchaser Interest which: (i) has its Capital
reduced without compliance by Seller with the notice requirements hereunder, (ii) does not become
subject to an Aggregate Reduction following the delivery of any Reduction Notice, (iii) is assigned
to the Committed Purchasers pursuant to a Liquidity Agreement or (iv) otherwise is terminated prior
to the date on which it was originally scheduled to end; an amount equal to the excess, if any, of
(A) the Yield that would have accrued during the remainder of the Tranche Periods or the tranche
periods for Commercial Paper determined by the applicable Managing Agent to relate to such
Purchaser Interest subsequent to the date of such reduction, assignment or termination (or in
respect of clause (ii) above, the date such Aggregate Reduction was designated to occur pursuant to
the Reduction Notice) of the Capital of such Purchaser Interest if such reduction, assignment or
termination had not occurred or such Reduction Notice had not been delivered, over (B) the sum of
(x) to the extent all or a portion of such Capital is allocated to another Purchaser Interest, the
amount of Yield actually accrued during the remainder of such period on such Capital for the new
Purchaser Interest, and (y) to the extent such Capital is not allocated to another Purchaser
Interest, the income, if any, actually received during the remainder of such period by the holder
of such Purchaser Interest from investing the portion of such Capital not so allocated. In the
event that the amount referred to in clause (B) exceeds the amount referred to in clause (A), the
relevant Purchaser or Purchasers agree to pay to Seller the amount of such excess. All Broken
Funding Costs shall be due and payable hereunder upon demand.

     “Business Day” means any day on which banks are not authorized or required to close in
New York, New York or Chicago, Illinois and The Depository Trust Company of New York is open for
business, and, if the applicable Business Day relates to any computation or payment to be made with
respect to the LIBO Rate, any day on which dealings in dollar deposits are carried on in the London
interbank market.

     “Calendar Month” means each four or five week period as set forth on Schedule D
hereto.

     “Capital” of any Purchaser Interest means, at any time, (A) the Purchase Price of such
Purchaser Interest, minus (B) the sum of the aggregate amount of Collections and other payments
received by the Managing Agents which in each case are applied to reduce such Capital in accordance
with the terms and conditions of this Agreement; provided that such Capital shall be
restored (in accordance with Section 2.5) in the amount of any Collections or other
payments so received and applied if at any time the distribution of such Collections or payments
are rescinded, returned or refunded for any reason.

Exh. I-3

 

     “Capital Securities” means, with respect to any Person, all shares, interests,
participations or other equivalents (however designated, whether voting or non-voting) of such
Person’s capital, whether now outstanding or issued after the date hereof.

     “Change of Control” means:

          (i) any person or group (within the meaning of Sections 13(d) and 14(d) under
the Exchange Act) shall become the ultimate “beneficial owner” (as defined in
Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of
Capital Securities representing more than 35% of the Capital Securities of HBI
on a fully diluted basis;

          (ii) during any period of 24 consecutive months, individuals who at the
beginning of such period constituted the Board of Directors of HBI (together
with any new directors whose election to such Board or whose nomination for
election by the stockholders of HBI was approved by a vote of a majority of the
directors then still in office who were either directors at the beginning of
such period or whose election or nomination for election was previously so
approved) cease for any reason to constitute a majority of the Board of
Directors of HBI then in office;

          (iii) the occurrence of any “Change of Control” (or similar term) under (and as
defined in) any First Lien Loan Document, Second Lien
Loan Document or Senior Note Document; or

          (iv) OriginatorHBI shall for any reason cease to own and control all of the
outstanding equity interests of Seller; or

          (v) HBI shall for any reason cease to own and control all
of the outstanding equity interests of any Originator (other than
HBI).

     “Charged-Off Receivable” means a Receivable: (i) as to which, to the knowledge of the
applicable Originator, the Obligor thereof has taken any
action, or suffered any event to occur, of the type described in Section 9.1(d) (as if
references to Seller Party therein refer to such Obligor); (ii) as to which the Obligor thereof, if
a natural person, is deceased, (iii) which, consistent with the applicable Credit and Collection Policy, would be written off Seller’s books as
uncollectible or (iv) which has been identified by Seller as uncollectible.

     “Collection Account” means each concentration account, depositary account, lock-box
account or similar account in which any Collections are collected or deposited.

     “Collection Account Agreement” means an agreement substantially in the form of
Exhibit VI among an Originator, Seller, the Agent
and a Collection Bank.

     “Collection Bank” means, at any time, any of the banks holding one or more Collection
Accounts.

     “Collection Notice” means a notice, in substantially the form of Exhibit A to
Exhibit VI, from the Agent to a Collection Bank.

Exh. I-4

 

     “Collections” means, with respect to any Receivable, all cash collections and other
cash proceeds in respect of such Receivable, including, without limitation, all yield, principal,
Finance Charges, recoveries or other related amounts accruing in respect thereof and all cash
proceeds of Related Security with respect to such Receivable and any Deemed Collections.

     “Commercial Paper” means promissory notes of a Conduit Purchaser issued by such
Conduit Purchaser in the commercial paper market.

     “Commitment” means, for each Committed Purchaser, the commitment of such Committed
Purchaser to purchase Purchaser Interests from Seller, in an amount not to exceed in the aggregate,
the amount set forth below such Committed Purchaser’s name on Schedule A to this Agreement,
as such amount may be modified in accordance with the terms hereof.

     “Committed Purchasers” has the meaning set forth in the preamble in this Agreement.

     “Concentration Limit” means, for any Obligor and its Affiliates, at any time, the
amount equal to the product of (a) either (i) 3.00% or (ii) such other higher percentages (each, a
“Special Concentration Percentage”) for such Obligors and its Affiliates as are set forth
on Schedule C, which Special Concentration Percentage is subject to reduction or
cancellation (1) by the Agent with respect to any Obligor, or (2) by the Agent, upon written demand
by any Managing Agent, with respect to any Obligor whose short term debt ratings are withdrawn or
downgraded by S&P or Moody’s, in either case of (1) or (2), upon five (5) Business Days’ prior
notice to Seller, the other Managing Agents, the Agent and the Servicer and (b) the aggregate
Outstanding Balance of all Eligible Receivables at such time.20

     “Conduit Purchaser” has the meaning set forth in the preamble to this Agreement.

     “Contingent Obligation” of a Person means any agreement, undertaking or arrangement by
which such Person assumes, guarantees, endorses, contingently agrees to purchase or provide funds
for the payment of, or otherwise becomes or is contingently liable upon, the obligation or
liability of any other Person, or agrees to maintain the net worth or working capital or other
financial condition of any other Person, or otherwise assures any creditor of such other Person
against loss, including, without limitation, any comfort letter, operating agreement, take-or-pay
contract or application for a letter of credit.

     “Contract” means, with respect to any Receivable, any and all instruments,
agreements, invoices or other writings pursuant to which such Receivable arises or which evidences
such Receivable; provided that the term “Contract” shall not include any agreement or
documents between an Obligor and an Originator or delivered to
an Obligor which relate to cooperative advertising arrangements, discount arrangements or
requirements of merchants of such Originator’s product to the extent
such agreements or documents do not evidence or give rise to any Receivable and do not govern the
origination, servicing or enforcement of any Receivable.

     “Controlled Group” means all members of a controlled group of corporations and all
members of a controlled group of trades or businesses (whether or not incorporated) under common
control which, together with Servicer, are treated as a single employer under Section 414(b) or
414(c) of the Code or Section 4001 of ERISA.

 

			
	20	 	This definition was deleted and replaced in its entirety by Amendments No. 1 and No.
2.

Exh. I-5

 

     “CP Costs”21

     “CP Rate” means:

     (a) with respect to any Conduit Purchaser for which HSBC or PNC is the Managing Agent, for any
Accrual Period for any Purchaser Interest, to the extent such Conduit Purchaser funds such
Purchaser Interest by issuing Commercial Paper, a per annum rate equal to the weighted average of
the rates (as determined by the applicable Managing Agent and which shall include commissions of
placement agents and dealers, incremental carrying costs incurred with respect to the commercial
paper of such Person maturing on dates other than those on which corresponding funds are received
by such Conduit Purchaser, other borrowings by such Conduit Purchaser and any other costs
associated with the issuance of commercial paper) payable by such Conduit Purchaser in respect of
its Commercial Paper outstanding during such Accrual Period that is allocated, in whole or in part,
to fund or maintain such Purchaser Interest during such Accrual Period, converted (as necessary) to
an annual yield equivalent rate calculated on the basis of a 360-day year; and

     (b) for any Accrual Period for any Purchaser Interest funded by a Conduit Purchaser that
becomes a party to this Agreement pursuant to an Assignment Agreement, to the extent such Conduit
Purchaser funds such Purchaser Interest by issuing Commercial Paper, the “CP Rate” set forth in
such Assignment Agreement;

provided, that at all times after the occurrence and during the continuance of an
Amortization Event, the CP Rate shall mean the Default Rate.22

     “Credit Agreement” means that certain Amended and Restated Credit Agreement,
dated as of December 10, 2009, among HBI, the lenders from time to time party thereto, the
administrative agent party thereto, the collateral agent party thereto and the other agents party
thereto, as in effect on the date hereof without giving effect to any amendments thereto unless
either (i) each Managing Agent has given written consent to such amendment or (ii) each Managing
Agent or any of its Affiliates is a lender under the Credit Agreement and each such lender has
agreed in writing to such amendment.

     “Credit and Collection Policy” means
theeach Originator’s and the
Servicer’s credit and collection policies and practices relating to Contracts and Receivables
existing on the date hereof and summarized in Exhibit VIII hereto, as modified from time to
time in accordance with this Agreement; provided, that upon prior written notice to
the Agent, any Originator may adopt the Credit and Collection Policy of HBI and such change in the
applicable Originator’s Credit and Collection Policy shall not be a violation of Section 7.2(c)
hereof.

     “Daily Report” means a report, in substantially the form of Exhibit XIII
hereto (appropriately completed), furnished by the Servicer to the Managing Agents and the Agent
pursuant to Section 8.5.

     “Dating Receivable” means a Receivable for which the related due date was set by the
applicable Originator prior to the origination of such
Receivable.

 

			
	21	 	This definition was deleted in its entirety by Amendment No. 2.
	 
	22	 	This definition was deleted and replaced in its entirety by Amendment No. 2.

Exh. I-6

 

     “Deemed Collections” means the aggregate of all amounts Seller shall have been
deemed to have received as a Collection of a Receivable. Seller shall be deemed to have received
a Collection (but only to the extent of the reduction or cancellation identified below) of a
Receivable if at any time (i) the Outstanding Balance of any such Receivable is either (x) reduced
as a result of any defective or rejected goods or services, any discount, rebate or any adjustment
or otherwise (other than cash Collections on account of the Receivables) or (y) reduced or canceled
as a result of a setoff in respect of any claim by any Person (whether such claim arises out of the
same or a related transaction or an unrelated transaction) or (ii) any of the representations or
warranties regarding any Receivable in Article V are no longer true (in which case, Seller
shall be deemed to have received a Collection in an amount equal to the Outstanding Balance of such
Receivable).

     “Defaulted Receivable” means a Receivable as to which any payment, or part thereof,
remains unpaid for more than 90 days from the original due date for such payment.

     “Default Rate” means a rate per annum equal to 3.00% above the Alternate Base
Rate.23

     “Default Ratio” means, at any time, a percentage equal to (i) the sum of (a) the
aggregate Outstanding Balance of all Receivables that became Charged-Off Receivables (other than
the Charged-Off Receivables as described in clause (i) of the definition thereof) during the most
recently ended Calendar Month that were less than 61 days past the original due date and (b) the
aggregate Outstanding Balance of all Receivables as to which (A) any payment, or part thereof,
remains unpaid for 61 days to 90 days past the original due date as of the last day of such
Calendar Month and (B) did not become Charged-Off Receivables (other than the Charged-Off
Receivables as described in clause (i) of the definition thereof) prior to the day that was 61 days
past the original due date, divided by (ii) the aggregate Original Balance of all Receivables
generated by Originatorall Originators during the Calendar Month ending three (3) Calendar Months prior to such
Calendar Month.24

     “Delinquency Ratio” means, at any time, a percentage equal to (i) the aggregate
Outstanding Balance of all Receivables that were Delinquent Receivables as of the last day of the
most recently ended Calendar Month divided by (ii) the aggregate Outstanding Balance of all
Receivables as of the last day of such Calendar Month.

     “Delinquent Receivable” means a Receivable as to which any payment, or part thereof,
remains unpaid for more than 60 days from the original due date for such payment.

     “Dilution Ratio” means, at any time, a percentage equal to (i) the aggregate amount of
Dilutions which occurred during the most recently ended Calendar Month, divided by (ii) the
aggregate Original Balance of all Receivables generated by
Originatorall Originators during
either (A) the most recently ended Calendar Month or (B) such other period of time as specified by
any Managing Agent upon three (3) Business Days’ prior written notice to the other parties hereto
at any time within two (2) months after the date on which the Managing Agents receive the results
of any annual audit report prepared at the request of any Managing Agent pursuant to Section
7.1(d), provided, that no Managing Agent may specify any such other period of time

 

			
	23	 	This definition was amended by Amendment No. 1.
	 
	24	 	This definition was deleted and replaced in its entirety by Amendment No. 3.

Exh. I-7

 

unless such other period of time is reasonably based upon and verified by the results of any such
annual audit report.

     “Dilution Reserve” means, at any time, an amount equal to the Dilution Reserve
Percentage at such time multiplied by the Net Receivables Balance at such time.

     “Dilution Reserve Floor” means 23.0% .25

     “Dilution Reserve Percentage” means, at any time, the greater of (i) the Dilution
Reserve Floor and (ii) the amount expressed as a percentage and calculated in accordance with the
following formula:

     DRP = (SF x ED) + ((DS – ED) x (DS / ED)) x DHR

     where:

	 	 	 	 	 	 	 
	 

	 	SF
	 	=	 	the Stress Factor at such time.
	 
	 	 	 	 	 	 
	 

	 	ED
	 	=	 	the average of the Dilution Ratios for the twelve months most
recently ended at such time.
	 
	 	 	 	 	 	 
	 

	 	DS
	 	=	 	the highest two (2) consecutive month average of the Dilution Ratios
during the immediately preceding twelve months.
	 
	 	 	 	 	 	 
	 

	 	DHR
	 	=
	 	the aggregate Original Balance of all Receivables generated by
Originatorall Originators
 during the most recently ended one and one-half (1.5)
Calendar Month-period divided by the Net Receivables Balance as of
the last day of such Calendar Month; provided that any Managing
Agent may specify such other period of time for purposes of
determining the numerator of DHR upon three (3) Business Days’ prior
written notice to the other parties hereto at any time within two
(2) months after the date on which the Managing Agents receive the
results of any annual audit report prepared at the request of any
Managing Agent pursuant to Section 7.1(d), provided, that no
Managing Agent may specify any such other period of time unless such
other period of time is reasonably based upon and verified by the
results of any such annual audit report.26

     “Dilutions” means, at any time, the aggregate amount of reductions or cancellations
described in clause (i) of the definition of “Deemed Collections”.

     “Discount Rate” means, the LIBO Rate or the Prime Rate, as applicable, with respect to
each Purchaser Interest funded by the Committed Purchasers.

     “Downgrade Event” means the occurrence of any one or more of the following: (i) HBI’s
issuer rating is below B- by S&P, (ii) HBI’s senior unsecured long-term debt rating is

 

			
	25	 	This definition was amended by Amendments No. 1, No. 2 and No. 5.
	 
	26	 	This definition was deleted and replaced in its entirety by Amendment No. 1.

Exh. I-8

 

below B3 by Moody’s or (iii) HBI’s debt under the First Lien Credit
Agreement is rated below
B3 by Moody’s.27

     “Eligible Receivable” means, at any time, a Receivable:

     (i) the Obligor of which is not an Affiliate of any of the parties hereto;

     (ii) the Obligor of which is not the Obligor of any Charged-Off Receivable;

     (iii) which is not a Charged-Off Receivable or a Delinquent Receivable;

     (iv) which, if not a Dating Receivable, by its terms is due and payable within 120
days after the original billing date therefor and has not had its original payment terms
extended; provided that:

     (A) if such Receivable is due and payable by its terms within 31 to 60 days after
the original billing date therefor, the Outstanding Balance of such Receivable when
added to the aggregate Outstanding Balance of all other Eligible Receivables due and
payable within 31 to 60 days after the original billing date therefor does not exceed
20.00% of the aggregate Outstanding Balance of all Receivables at such time;

     (B) if such Receivable is due and payable by its terms within 61 to 90 days after
the original billing date therefor, the Outstanding Balance of such Receivable, when
added to the aggregate Outstanding Balance of all other Eligible Receivables due and
payable within 61 to 90 days after the original billing date therefor does not exceed
3.00% of the aggregate Outstanding Balance of all Receivables at such time; and

     (C) if such Receivable is due and payable by its terms within 91 to 120 days
after the original billing date therefor, the Outstanding Balance of such Receivable,
when added to the aggregate Outstanding Balance of all other Eligible Receivables due
and payable within 91 to 120 days after the original billing date therefor does not
exceed 3.00% of the aggregate Outstanding Balance of all Receivables at such time.

     (v) which, if a Dating Receivable, by its terms is due and payable within 180 days after
the origination thereof and has not had its payment terms extended;
provided that the
Outstanding Balance of such Dating Receivable when added to the aggregate Outstanding Balance
of all other Eligible Receivables that are Dating Receivables does not exceed 3.00% of the
aggregate Outstanding Balance of all Receivables at such time;

     (vi) which is an “account” within the meaning of Section 9-102 of the UCC of all
applicable jurisdictions;

     (vii) which is denominated and payable only in United States dollars in the United
States;

 

			
	27	 	This definition was added by Amendment No. 2.

Exh. I-9

 

     (viii) which arises under a Contract in substantially the form of one of the form contracts
set forth on Exhibit IX hereto or otherwise approved by the Agent in writing, which, together with
such Receivable, is in full force and effect and constitutes the legal, valid and binding
obligation of the related Obligor enforceable against such Obligor in accordance with its terms;

     (ix) which, other than a Receivable arising from the sale of products under a Specified
Agreement, is not evidenced by, governed by and does not arise under any other agreement, document
or writing other than a Contract in substantially the form of one of the form contracts set forth
on Exhibit IX hereto or otherwise approved by the Agent in writing;

     (x) which arises under a Contract which Contract (a) does not require the Obligor under such
Contract to consent to the transfer, sale or assignment of the rights and duties of
the applicable Originator or any of its assignees under such
Contract and (b) does not contain a confidentiality provision that purports to restrict the ability
of any Purchaser to exercise its rights under this Agreement, including, without limitation, its
right to review the Contract;

     (xi) which arises under a Contract that contains an obligation to pay a specified sum of
money, contingent only upon the sale of goods or the provision of services by the
applicable Originator;

     (xii) which, together with the Contract related thereto, does not contravene in any material
respect any law, rule or regulation applicable thereto (including, without limitation, any law,
rule and regulation relating to truth in lending, fair credit billing, fair credit reporting, equal
credit opportunity, fair debt collection practices and privacy) and with respect to which no part
of the Contract related thereto is in violation in any material respect of any such law, rule or
regulation;

     (xiii) which satisfies all applicable requirements of the applicable Originator’s Credit and Collection Policy;

     (xiv) which was generated in the ordinary course of the applicable
Originator’s business;

     (xv) which arises solely from the sale of goods or the provision of services to the related
Obligor by the applicable Originator, and not by any other
Person (in whole or in part);

     (xvi) as to which the Agent has not notified Seller that the Agent has determined that such
Receivable or class of Receivables is not acceptable as an Eligible Receivable, including, without
limitation, because such Receivable arises under a Contract that is not acceptable to the Agent,
such notice to be provided at least ten (10) Business Days prior to such Receivable being
designated as unacceptable to the Managing Agent;

     (xvii) which is not subject to any dispute, right of rescission, set-off, counterclaim, any
other defense (including defenses arising out of violations of usury

Exh. I-10

 

laws) of the applicable Obligor against the applicable Originator or any other Adverse Claim, and the Obligor thereon holds no
right against such Originator to cause
such Originator to repurchase the goods or merchandise, the sale
of which shall have given rise to such Receivable (except with respect to sale discounts
effected pursuant to the Contract, or defective goods returned in accordance with the terms
of the Contract);

     (xviii) as to which the applicable Originator has
satisfied and fully performed all obligations on its part with respect to such Receivable
required to be fulfilled by it, and no further action is required to be performed by any
Person with respect thereto other than payment thereon by the applicable Obligor and any
obligations of thesuch Originator
that relates to standard warranties related to the goods sold which gave rise to such
Receivable;

     (xix) all right, title and interest to and in which has been validly transferred by
the applicable Originator directly to Seller under and
in accordance with the Receivables Sale Agreement, and Seller has good and marketable title
thereto free and clear of any Adverse Claim; and

     (xx) if the Obligor of which is one of the 15 Obligors with the greatest aggregate
Outstanding Balance of Receivables at such time, such Obligor is not the Obligor of
Delinquent Receivables, the Outstanding Balance of which in the aggregate constitute more
than 25.0% of the aggregate Outstanding Balance of all Receivables of such
Obligor; and

     (xxi) for which, if originated by GFSI, Inc. or CC Products, Inc., the
Agent has given written notice to the Seller that such Receivables are eligible (which notice
shall be delivered by the Agent on the date the Bank of America Accounts are subject to a
Collection Account Agreement in form and substance acceptable to the Agent).

     “ERISA” means the Employee Retirement Income Security Act of 1974 and any
regulations promulgated thereunder.

     “Excess Foreign Receivables Amount” means at any time, the amount, if positive, equal
to (a) the aggregate Outstanding Balance of all Eligible Receivables which are Foreign Receivables
at such time minus (b) the product of (x) the Foreign Receivables Limit and (y) the aggregate
Outstanding Balance of all Eligible Receivables at such time.

     “Excess Government Receivables Amount” means at any time, the amount, if positive,
equal to (a) the aggregate Outstanding Balance of all Eligible Receivables which are Government
Receivables at such time minus (b) the product of (x) the Government Receivables Limit and (y) the
aggregate Outstanding Balance of all Eligible Receivables at such time.

     “Excluded Receivable” means (i) any account receivable arising in connection with the
sale of goods by the business operations of HBI which were the business operations of National
Textiles, L.L.C. prior to the merger of National Textiles, L.L.C. into HBI, and which account
receivable is identified on Seller’s and Servicer’s systems, books and records in the manner
specified by Seller pursuant to Section 7.1(m), (ii) at all times on and after the
Additional Obligor Exclusion Date, any account receivable for which the Obligor is the Additional
Excluded Obligor or any of its affiliates, and (iii) at all times on and after the Wal-Mart

Exh. I-11

 

Exclusion Date, any present or future account receivable for which the Obligor is Wal-Mart
Stores, Inc. or any of its affiliates.28

     “Facility Termination Date” means the earliest to occur of (i)
February 1,March 31, 201129
and (ii) the Amortization Date.

     “Federal Bankruptcy Code” means Title 11 of the United States Code entitled
“Bankruptcy,” as amended and any successor statute thereto.

     “Federal Funds Effective Rate” means, for any period, a fluctuating interest rate per
annum for each day during such period equal to (a) the weighted average of the rates on overnight
federal funds transactions with members of the Federal Reserve System arranged by federal funds
brokers, as published for such day (or, if such day is not a Business Day, for the preceding
Business Day) by the Federal Reserve Bank of New York in the Composite Closing Quotations for U.S.
Government Securities; or (b) if such rate is not so published for any day which is a Business Day,
the average of the quotations at approximately 10:30 a.m. (Chicago time) for such day on such
transactions received by the Agent from three federal funds brokers of recognized standing selected
by it.30

     “Fee Letter” means that certain letter agreement dated as of April 13,
200931 among Seller, the Agent and the Managing Agents, as it may be amended, restated,
supplemented or otherwise modified and in effect from time to time.

     “Finance Charges” means, with respect to a Contract, any finance, interest, late
payment charges or similar charges owing by an Obligor pursuant to such Contract.

     “First Lien Credit Agreement” means that certain First Lien Credit
Agreement, dated as of September 5, 2006, among HBI, the lenders from time to time party thereto,
the administrative agent party thereto, the collateral agent party thereto and the other agents
party thereto, as the same may be amended, supplemented, amended and restated or otherwise modified
from time to time and includes any replacement thereof.

     “First Lien Loan Documents” means the First Lien Credit Agreement and
the related guarantees, pledge agreements, security agreements, mortgages, notes and other
agreements and instruments entered into in connection with the First Lien Credit Agreement, in each
case as the same may be amended, supplemented, amended and restated or otherwise modified from time
to time in accordance with this Agreement. 

     “Foreign Receivable” means any Receivable, the Obligor of which, (i) if a natural
person, is not a resident of the United States or (ii) if a corporation or other business
organization, is neither organized under the laws of the United States or any political
subdivision thereof nor has its chief executive office in the United States.

 

			
	28	 	This definition was deleted and replaced in its entirety by Amendment No. 5.
	 
	29	 	The date was changed from November 27, 2010 to March 15, 2010 by Amendment
No. 1, from March 15, 2010 to April 12, 2010 by Amendment No. 2, from April 12, 2010 to December
20, 2010 by Amendment No. 5 and from December 20, 2010 to February 1, 2011 by Amendment No. 6.
	 
	30	 	This definition was added by Amendment No. 1.
	 
	31	 	The date was changed from November 27, 2007 to March 16, 2009 by Amendment
No. 1, and from March 16, 2009 to April 13, 2009 by Amendment No. 2.

Exh. I-12

 

     “Foreign Receivables Limit” means 1.00%; provided that the Agent upon the
direction of any Managing Agent may reduce such percentage to zero or any other percentage less
than 1.00% at any time upon five (5) Business Days’ prior notice to Seller, the other Managing
Agents and the Servicer.

     “Funding Agreement” means this Agreement and any agreement or instrument executed by
any Funding Source with or for the benefit of any Conduit Purchaser, including, without limitation,
any Liquidity Agreement.

     “Funding Source” means (i) any Committed Purchaser or (ii) any insurance company, bank
or other funding entity providing liquidity, credit enhancement or back-up purchase support or
facilities to any Conduit Purchaser.

     “GAAP” means generally accepted accounting principles in effect in the United States
of America as of the date of this Agreement.

     “Governmental Authority” means any national, state or local government (whether
domestic or foreign), any political subdivision thereof or any other governmental,
quasi-governmental, judicial, regulatory, public or statutory instrumentality, authority, body,
agency, bureau or entity (including any zoning authority, the Federal Energy Regulatory Commission,
the Comptroller of the Currency or the Federal Reserve Board, any central bank or any comparable
authority).

     “Government Receivable” means any Receivable the Obligor of which is a
Governmental Authority.

     “Government Receivables Limit” means 2.00%; provided that the Agent upon the
direction of any Managing Agent may reduce such percentage to zero or any other percentage less
than 2.00% at any time upon five (5) Business Days’ prior notice to Seller, the other Managing
Agents and the Servicer.

     “Group Purchase Limit” means, for each Purchase Group, the sum of the
Commitments of the Committed Purchasers in such Purchase Group.

     “HBI” has the meaning set forth in the preamble to this Agreement.

     “HBI Party” has the meaning set forth in Section 7.1(i).

     “HSBC” means HSBC Securities (USA) Inc., and its successors and assigns.32

     “Incremental Purchase” means a purchase of one or more Purchaser Interests which
increases the total outstanding Aggregate Capital hereunder.

     “Indebtedness” of a Person means such Person’s (i) obligations for borrowed money,
(ii) obligations representing the deferred purchase price of property or services (other than
accounts payable arising in the ordinary course of such Person’s business payable on terms
customary in the trade), (iii) obligations, whether or not assumed, secured by liens or payable

 

			
	32	 	This definition was deleted and replaced in its entirety by Amendment No. 2.

Exh. I-13

 

out of the proceeds or production from property now or hereafter owned or acquired by such Person,
(iv) obligations which are evidenced by notes, acceptances, or other instruments, (v) capitalized
lease obligations, (vi) net liabilities under interest rate swap, exchange or cap agreements, (vii)
Contingent Obligations and (viii) liabilities in respect of unfunded vested benefits under plans
covered by Title IV of ERISA.

     “Independent Director” shall mean a member of the Board of Directors of Seller who is
not at such time, and has not been at any time during the preceding five (5) years, (A) a director,
officer, employee or Affiliate of Seller, any Originator, or
any of their respective Subsidiaries or Affiliates, or (B) the beneficial owner (at the time of
such individual’s appointment as an Independent Director or at any time thereafter while serving as
an Independent Director) of any of the outstanding common shares of Seller, any Originator, or any of their respective Subsidiaries or Affiliates, having
general voting rights;

     “JPMorgan”33

     “LIBO “ means the rate per annum equal to (a) the rate appearing on Reuters Screen
LIBOR01 Page (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 Agent from time to time for purposes of providing
quotations of interest rates applicable to dollar deposits in the London interbank market) at
approximately 11:00 a.m., London time, two (2) Business Days prior to the commencement of the
relevant Tranche Period, as the rate for dollar deposits with a maturity comparable to such Tranche
Period; provided that, in the event that such rate is not available at such time for any
reason, then the rate for the relevant Tranche Period shall be the rate at which dollar deposits of
$5,000,000 and for a maturity comparable to such Tranche Period are offered by the principal London
office of the Agent in immediately available funds in the London interbank market at approximately
11:00 a.m., London time, two (2) Business Days prior to the commencement of such Tranche Period,
divided by (b) one (1) minus the maximum aggregate reserve requirement (including all basic,
supplemental, marginal or other reserves) which is imposed against the Agent in respect of
Eurocurrency liabilities, as defined in Regulation D of the Board of Governors of the Federal
Reserve System as in effect from time to time (expressed as a decimal) applicable to such Tranche
Period.

     “LIBO Rate” means the rate per annum equal to the sum of (i) LIBO plus (ii) the
Applicable Margin; provided that at all times after the occurrence and during the
continuance of an Amortization Event, the LIBO Rate shall be the Default Rate.

     “Liquidity Agreement” means an agreement entered into by a Conduit Purchaser and the
Committed Purchasers in its Purchase Group in connection herewith for the purpose of providing
liquidity with respect to the Capital funded by such Conduit Purchaser.

     “Loan Documents” means the Credit Agreement and the related guarantees, pledge
agreements, security agreements, mortgages, notes and other agreements and instruments entered
into in connection with the Credit Agreement, in each case as the same may be amended,
supplemented, amended and restated or otherwise modified from time to time in accordance with
this Agreement.

 

			
	33	 	This definition was deleted in its entirety by Amendment No. 2.

Exh. I-14

 

     “Lock-Box” means each locked postal box with respect to which a bank who has executed
a Collection Account Agreement has been granted exclusive access for the purpose of retrieving and
processing payments made on the Receivables.

     “Loss Reserve” means, at any time, an amount equal to the Loss Reserve Percentage
multiplied by the Net Receivables Balance as of the close of business of the Servicer at such
time.

     “Loss Reserve Floor” means 15.0%.34

     “Loss Reserve Percentage” means, at any time, the greater of (i) the Loss Reserve
Floor and (ii) the amount expressed as a percentage and calculated in accordance with the following
formula:

     LRP = LR x LHR x SF

     where:

	 	 	 	 	 	 	 

	 

	 	LR
	 	=
	 	the greatest three-month average Default Ratio during the
immediately preceding 12-month period.
	 
	 	 	 	 	 	 
	 

	 	LHR
	 	=
	 	the aggregate Original Balance of all Receivables generated by
Originatorall Originators during the three and one-half (3.5) Calendar Months ending
as of the last day of the most recently ended Calendar Month immediately
preceding such time divided by the Net Receivables Balance as of the last day
of the most recently ended Calendar Month.
	 
	 	 	 	 	 	 
	 

	 	SF
	 	=
	 	the Stress Factor at such time.35

     “Loss-to-Liquidation Ratio” means, at any time, a percentage equal to (i) the sum of
(A) the aggregate Outstanding Balance of all Receivables that became Charged-Off Receivables (other
than the Charged-Off Receivables as described in clause (i) of the definition thereof) during the
most recently ended Calendar Month that were not also Delinquent Receivables as of the date that
such Receivables became Charged-Off Receivables (other than the Charged-Off Receivables as
described in clause (i) of the definition thereof) and (B) the aggregate Outstanding Balance of all
Delinquent Receivables that were not also Defaulted Receivables as of the last day of such Calendar
Month divided by (ii) the aggregate amount of Collections during such Calendar Month.36

     “Managing Agent” has the meaning set forth in the preamble to this Agreement.

     “Managing Agent Institution” has the meaning specified in Section 13.14(b).

     “Managing Agent Institution Roles” has the meaning specified in Section
13.14(b).

 

			
	34	 	This definition was deleted and replaced in its entirety by Amendments No. 1
and No. 2.
	 
	35	 	The definition of this component was deleted and replaced in its entirety by
Amendment No. 1.
	 
	36	 	This definition was deleted and replaced in its entirety by Amendment No. 3.

Exh. I-15

 

     “Material Adverse Effect” means a material adverse effect on (i) the financial
condition or operations of any Seller Party and its Subsidiaries, taken as a whole, (ii) the
ability of any Seller Party to perform its respective obligations under this Agreement, (iii) the
legality, validity or enforceability of this Agreement or any other Transaction Document, (iv) any
Purchaser’s interest in the Receivables generally or in any material portion of the Receivables,
the Related Security or the Collections with respect thereto, or (v) the collectibility of the
Receivables generally or of any material portion of the Receivables, other than due to the
insolvency, bankruptcy or creditworthiness of an Obligor.

     “Material Obligor” means, at any time, an Obligor the Receivables of which are greater
than 4.0% of the aggregate Outstanding Balance of all Receivables at such time.

     “Moody’s” means Moody’s Investors Service, Inc.

     “Net Receivables Balance” means, at any time, (i) the aggregate Outstanding Balance of
all Eligible Receivables at such time, minus (ii) the aggregate amount by which the Outstanding
Balance of the Eligible Receivables of each Obligor and its Affiliates exceeds the Concentration
Limit for such Obligor, minus (iii) the Excess Government Receivables Amount, minus (iv) the Excess
Foreign Receivables Amount.

     “New Originators Eligibility Date” means, the date on which the Receivables
originated by GFSI, Inc. and CC Products, Inc. become Eligible Receivables under clause (xxi) of
the definition thereof.

     “Obligations” shall have the meaning set forth in Section 2.1.

     “Obligor” means a Person obligated to make payments pursuant to a Contract.

     “Original Balance” means, with respect to any Receivable, the original outstanding
balance of such Receivable on the date such Receivable was originated.

     “Originator” means Hanesbrands Inc., in its capacity as
sellereach of HBI, GFSI, Inc., a Delaware corporation, and CC
Products, Inc., a Delaware corporation, and any other wholly-owned domestic Subsidiary of HBI which
becomes an Originator pursuant to Section 7.11 of the Receivables Sale Agreement with the consent
of the Agent and each Managing Agent, in each case, in their capacities as the sellers under the Receivables Sale Agreement.

     “Outstanding Balance” of any Receivable at any time means the then outstanding
principal balance thereof.

     “Participant” has the meaning set forth in Section 12.2.

     “PBGC” means the Pension Benefit Guaranty Corporation.

     “Pension Plan” means a “pension plan”, as such term is defined in Section 3(2) of
ERISA, which is subject to Title IV of ERISA (other than a multiemployer plan as defined in Section
4001(a)(3) of ERISA), and to which Servicer or any corporation, trade or business that is, along
with the Servicer, a member of a Controlled Group, may have liability, including any liability by
reason of having been a substantial employer within the meaning of Section 4063

Exh. I-16

 

of ERISA at any time during the preceding five years, or by reason of being deemed to be a
contributing sponsor under Section 4069 of ERISA.

     “Performance Undertaking” means that certain Performance Undertaking, dated as
of January 31, 2011, executed by HBI, as the same may be further amended, restated or otherwise
modified from time to time.

     “Person” means an individual, partnership, corporation (including a business trust),
limited liability company, joint stock company, trust, unincorporated association, joint venture or
other entity, or a government or any political subdivision or agency thereof.

     “PNC” means PNC Bank, N.A., and its successors and assigns.37

     “Pooled Commercial Paper” means Commercial Paper notes of a Conduit Purchaser subject
to any particular pooling arrangement by such Conduit Purchaser, but excluding Commercial Paper
issued by such Conduit Purchaser for a tenor and in an amount specifically requested by any Person
in connection with any agreement effected by such Conduit Purchaser.

     “Potential Amortization Event” means an event which, with the passage of time or the
giving of notice, or both, would constitute an Amortization Event.

     “Potential Servicer Default” means an event which, with the passage of time or the
giving of notice, or both, would constitute a Servicer Default.

     “Prime Rate” means the rate of interest per annum publicly announced from time to time
by HSBC Bank USA, N.A. as its prime rate in effect at its principal office in New York City; each
change in the Prime Rate shall be effective from and including the date such change is publicly
announced as being effective; provided that at all times after the occurrence and during
the continuance of an Amortization Event, the Prime Rate shall mean the Default
Rate.38

     “Proposed Reduction Date” has the meaning set forth in Section 1.3.

     “Pro Rata Share” means, for each Committed Purchaser in a Purchase Group, a percentage
equal to (i) the Commitment of such Committed Purchaser, divided by (ii) the aggregate amount of
all Commitments of all Committed Purchasers in such Purchase Group hereunder, adjusted as necessary
to give effect to the application of the terms of Section 1.1.

     “Purchase Group” means any Managing Agent and its related Conduit Purchasers and
Committed Purchasers.

     “Purchase Group Share” means, for any Purchase Group, the percentage equivalent to a
fraction (expressed out to five decimal places), the numerator of which is the aggregate
Commitments of all Committed Purchasers in such Purchase Group and the denominator of which is
Purchase Limit.

     “Purchase Limit” means $250,000,000.

 

			
	37	 	This definition was added by Amendment No. 2.
	 
	38	 	This definition was deleted and replaced in its entirety by Amendments No. 1 and No.
2.

Exh. I-17

 

     “Purchase Notice” has the meaning set forth in Section 1.2.

     “Purchase Price” means, with respect to any Incremental Purchase of a Purchaser
Interest, the amount paid to Seller for such Purchaser Interest which shall not exceed the least of
(i) the amount requested by Seller in the applicable Purchase Notice, (ii) the unused portion of
the Purchase Limit on the applicable purchase date and (iii) the excess, if any, of the Net
Receivables Balance (less the Aggregate Reserves) on the applicable purchase date over the
aggregate outstanding amount of Aggregate Capital determined as of the date of the most recent
Daily Report, Weekly Report or Settlement Report, as applicable, taking into account such proposed
Incremental Purchase.

     “Purchaser” means any Conduit Purchaser or Committed Purchaser, as applicable, and
“Purchasers” means all Conduit Purchasers and Committed Purchasers.

     “Purchaser Interest” means, at any time, an undivided percentage ownership interest
(computed as set forth below) associated with a designated amount of Capital, selected pursuant to
the terms and conditions hereof in (i) each Receivable arising prior to the time of the most recent
computation or recomputation of such undivided interest, (ii) all Related Security with respect to
each such Receivable, and (iii) all Collections with respect to, and other proceeds of, each such
Receivable. Each such undivided percentage interest shall equal:

          C / (NRB - AR)

     where:

	 	 	 	 	 	 	 
	 

	 	C
	 	=
	 	the Capital of such Purchaser Interest.
	 
	 	 	 	 	 	 
	 

	 	NRB
	 	=
	 	the Net Receivables Balance.
	 
	 	 	 	 	 	 
	 

	 	AR
	 	=
	 	the Aggregate Reserves.

     Such undivided percentage ownership interest shall be initially computed on its date of
purchase. Thereafter, until the Amortization Date, each Purchaser Interest shall be automatically
recomputed (or deemed to be recomputed) on each day prior to the Amortization Date. The variable
percentage represented by any Purchaser Interest as computed (or deemed recomputed) as of the close
of the business day immediately preceding the Amortization Date shall remain constant at all times
thereafter.

     “Purchasing Committed Purchaser” has the meaning set forth in Section
12.1(b).

     “Receivable” means all indebtedness and other obligations owed to Seller or
an Originator (at the time it arises, and before giving effect to any
transfer or conveyance under the Receivables Sale Agreement or hereunder) or in which Seller or
an Originator has a security interest or other interest,
including, without limitation, any indebtedness, obligation or interest constituting an account,
chattel paper, instrument or general intangible, arising in connection with the sale of goods or
the rendering of services by an Originator in the ordinary
course of business and further includes, without limitation, the obligation to pay any Finance
Charges with respect thereto. Indebtedness and other rights and obligations arising from any one
transaction, including, without limitation, indebtedness and other rights and obligations

Exh. I-18

 

represented by an individual invoice, shall constitute a Receivable separate from a Receivable
consisting of the indebtedness and other rights and obligations arising from any other transaction;
provided, that any indebtedness, rights or obligations referred to in the immediately
preceding sentence shall be a Receivable regardless of whether the account debtor,
applicable Originator or Seller treats such indebtedness, rights or
obligations as a separate payment obligation. The term “Receivable” shall not include any
Excluded Receivable.

     “Receivables Sale Agreement” means that certain Amended and Restated Receivables Sale Agreement dated the date hereof between
Originatoras of January 31, 2011 among Originators and Seller, as the same may be amended, restated or otherwise modified from time
to time.

     “Records” means, with respect to any Receivable, all Contracts and other documents,
books, records and other information (including, without limitation, computer programs, tapes,
disks, punch cards, data processing software and related property and rights) relating to such
Receivable, any Related Security therefor and the related Obligor.

     “Reduction Notice” has the meaning set forth in Section 1.3.

     “Regulatory Change” has the meaning set forth in Section 10.3.

     “Reinvestment” has the meaning set forth in Section 2.2.

     “Related Security” means, with respect to any Receivable:

     (i) all of Seller’s interest in the inventory and goods (including returned or
repossessed inventory or goods), if any, the sale of which by the
applicable Originator gave rise to such Receivable, and all insurance
contracts with respect thereto,

     (ii) all other security interests or liens and property subject thereto from time to
time, if any, purporting to secure payment of such Receivable, whether pursuant to the
Contract related to such Receivable or otherwise, together with all financing statements and
security agreements describing any collateral securing such Receivable,

     (iii) all guaranties, letters of credit, letter of credit rights, supporting
obligations, insurance and other agreements or arrangements of whatever character from time
to time supporting or securing payment of such Receivable whether pursuant to the Contract
related to such Receivable or otherwise,

     (iv) all service contracts and other contracts and agreements associated with such
Receivable; provided that this clause (iv) shall not include any agreement or
documents between an Obligor and an Originator or
delivered to an Obligor which relate to cooperative advertising arrangements, discount
arrangements or requirements of merchants of such Originator’s product to the extent such agreements or documents do not
evidence or give rise to any Receivable and do not govern the origination, servicing or
enforcement of any Receivable,

     (v) all Records related to such Receivable,

Exh. I-19

 

     (vi) all of Seller’s right, title and interest in, to and under the Receivables Sale
Agreement in respect of such Receivable,

     (vii) all of the Seller’s right, title and interest in, to and under the
Performance Undertaking, and

     (viiviii) all proceeds of
any of the foregoing.

     “Required Committed Purchasers” means, at any time, Committed Purchasers with
Commitments in excess of 662/3% of the Purchase Limit.

     “Required Notice Period” means the number of days required notice set forth below
applicable to the Aggregate Reduction indicated below:

	 	 	 
	Aggregate Reduction	 	Required Notice Period
	≤$100,000,000

	 	Two (2) Business Days
	>$100,000,000

	 	Five (5) Business Days

     “Restricted Junior Payment” means (i) any dividend or other distribution, direct or
indirect, on account of any shares of any class of equity interests of Seller now or hereafter
outstanding, except a dividend payable solely in shares of that class of equity interests or in any
junior class of equity interests of Seller, (ii) any redemption, retirement, sinking fund or
similar payment, purchase or other acquisition for value, direct or indirect, of any shares of any
class of equity interests of Seller now or hereafter outstanding, (iii) any payment or prepayment
of principal of, premium, if any, or interest, fees or other charges on or with respect to, and any
redemption, purchase, retirement, defeasance, sinking fund or similar payment and any claim for
rescission with respect to the Subordinated Loans (as defined in the Receivables Sale Agreement),
(iv) any payment made to redeem, purchase, repurchase or retire, or to obtain the surrender of, any
outstanding warrants, options or other rights to acquire shares of any class of equity interests of
Seller now or hereafter outstanding, and (v) any payment of management fees by Seller (except for
reasonable management fees to an Originator or its Affiliates
in reimbursement of actual management services performed).

     “S&P” means Standard & Poor’s Ratings Group.

     “Second Lien Credit Agreement” means the Second Lien Credit Agreement,
dated as of September 5, 2006, among the HBI Branded Apparel Limited, Inc., HBI, the lenders from
time to time party thereto, the administrative agent party thereto, the collateral agent party
thereto and the other agents party thereto, as the same may be amended, supplemented, amended and
restated or otherwise modified from time to time and includes any replacement
thereof.

     “Second Lien Loan Documents” means the Second Lien Credit Agreement and
the related guarantees, pledge agreements, security agreements, mortgages, notes and other
agreements and instruments entered into in connection with the Second Lien Credit Agreement, in
each case as the same may be amended, supplemented, amended and restated or otherwise modified from
time to time.

     “Seller” has the meaning set forth in the preamble to this Agreement.

Exh. I-20

 

     “Seller Parties” has the meaning set forth in the preamble to this Agreement.

     “Senior Note Documents” means the Senior Notes, the Senior Note Indenture and all
other agreements, documents and instruments executed and delivered with respect to the Senior Notes
or the Senior Note Indenture, as the same may be amended, supplemented, amended and restated or
otherwise modified from time to time in accordance with this Agreement.

     “Senior Note Indenture” means the Indenture dated as of December 14, 2006, among HBI,
the Person acting as trustee thereunder, and the guarantors named therein, as the same may be
amended, supplemented, amended and restated or otherwise modified from time to time

     “Servicer” means at any time the Person (which may be the Agent) then authorized
pursuant to Article VIII to service, administer and collect Receivables.

     “Servicer Default” has the meaning set forth in Section 8.7.

     “Servicing Fee” has the meaning set forth in Section 8.6.

     “Settlement Date” means (i) prior to May 2009, the date that is two (2) Business Days
after the third Thursday of each month (or, if such third Thursday is not a Business Day, two (2)
Business Days after the next succeeding Business Day) and (ii) commencing in May 2009, the 15th
day of each month (or, if such day is not a Business Day, the next succeeding Business
Day).39

     “Settlement Report” means a report, in substantially the form of Exhibit XI
hereto (appropriately completed), furnished by the Servicer to the Managing Agents and the Agent
pursuant to Section 8.5.

     “Solvent” means, with respect to any Person on a particular date, that on such date
(a) the fair value of the property of such Person is greater than the total amount of liabilities,
including contingent liabilities, of such Person; (b) the present fair salable value of the assets
of such Person is not less than the amount that will be required to pay the probable liability of
such Person on its debts as they become absolute and matured; (c) such Person does not intend to,
and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay
as such debts and liabilities mature; and (d) such Person is not engaged in a business or
transaction, and is not about to engage in a business or transaction, for which such Person’s
property would constitute unreasonably small capital. The amount of contingent liabilities (such
as litigation, guaranties and pension plan liabilities) at any time shall be computed as the amount
that, in light of all the facts and circumstances existing at the time, represents the amount that
can reasonably be expected to become an actual or matured liability.

     “Specified Agreement” means any agreement specified in Schedule III to the Fee
Letter.

     “Stress Factor” means, (i) at any time during which a Downgrade Event has occurred
and is continuing, 2.50, and (ii) at all other times, 2.25.40

 

			
	39	 	This definition was deleted and replaced in its entirety by Amendment No. 2.
	 
	40	 	This definition was added by Amendment No. 1 and deleted and replaced in its
entirety by Amendment No. 2.

Exh. I-21

 

     “Subsidiary” of a Person means (i) any corporation more than 50% of the outstanding
securities having ordinary voting power of which shall at the time be owned or controlled,
directly or indirectly, by such Person or by one or more of its Subsidiaries or by such Person and
one or more of its Subsidiaries, or (ii) any partnership, association, limited liability company,
joint venture or similar business organization more than 50% of the ownership interests having
ordinary voting power of which shall at the time be so owned or controlled. Unless otherwise
expressly provided, all references herein to a “Subsidiary” shall mean a Subsidiary of Seller.

     “Terminating Tranche” has the meaning set forth in Section 4.3(b).

     “Tranche Period” means, with
respect to any Purchaser Interest funded by a Committed
Purchaser, including any Purchaser Interest or undivided interest in a Purchaser Interest assigned
to a Committed Purchaser pursuant to a Liquidity Agreement:

     (a) if Yield for such Purchaser Interest is calculated on the basis of the LIBO Rate, a period
of one (1) month, or such other period as may be mutually agreeable to the applicable Managing
Agent and Seller, commencing on a Business Day selected by Seller or the applicable Managing Agent
pursuant to this Agreement. Such Tranche Period shall end on the day in the applicable succeeding
calendar month which corresponds numerically to the beginning day of such Tranche Period, provided,
however, that if there is no such numerically corresponding day in such succeeding month, such
Tranche Period shall end on the last Business Day of such succeeding month; or

     (b) if Yield for such Purchaser Interest is calculated on the basis of the Prime Rate, a
period commencing on a Business Day selected by Seller and agreed to by the applicable Managing
Agent, provided no such period shall exceed one (1) month.

     If any Tranche Period would end on a day which is not a Business Day, such Tranche Period
shall end on the next succeeding Business Day, provided, however, that in the case of
Tranche Periods corresponding to the LIBO Rate, if such next succeeding Business Day falls in a new
month, such Tranche Period shall end on the immediately preceding Business Day. In the case of
any Tranche Period for any Purchaser Interest which commences before the Amortization Date and
would otherwise end on a date occurring after the Amortization Date, such Tranche Period shall end
on the Amortization Date. The duration of each Tranche Period which commences after the
Amortization Date shall be of such duration as selected by the applicable Managing Agent.

     “Transaction Documents” means, collectively, this Agreement, each Purchase Notice, the
Receivables Sale Agreement, each Collection Account Agreement, the Fee Letter, the Agent Fee
Letter, the Subordinated Note (as defined in the Receivables Sale Agreement), the
Performance Undertaking and all other instruments, documents and agreements
executed and delivered in connection herewith.41

     “Wal-Mart Exclusion Date” means December 21, 2009.42

 

			
	41	 	This definition was amended to include “the Agent Fee Letter,” in the third line by
Amendment No. 1.
	 
	42	 	This definition was added by Amendment No. 5.

Exh. I-22

 

     “Weekly Report” means a report, in substantially the form of Exhibit X hereto
(appropriately completed), furnished by the Servicer to the Managing Agents and the Agent pursuant
to Section 8.5.

     “UCC” means the Uniform Commercial Code as from time to time in effect in the
specified jurisdiction.

     “Yield” means:

     (a) for each respective Tranche Period relating to Purchaser Interests funded by a Committed
Purchaser, including any Purchaser Interest or undivided interest in a Purchaser Interest assigned
to a Committed Purchaser pursuant to a Liquidity Agreement, an amount equal to the product of the
applicable Discount Rate for each Purchaser Interest multiplied by the Capital of such Purchaser
Interest for each day elapsed during such Tranche Period, annualized on a 360 day basis (or a 365
or 366 day basis, as applicable, in the case of the Prime Rate); and

     (b) for each respective Accrual Period relating to Purchaser Interests funded by a Conduit
Purchaser, other than a Purchaser Interest which, or an undivided interest in which, has been
assigned by such Conduit Purchaser pursuant to a Liquidity Agreement, an amount equal to the
product of the CP Rate multiplied by the Capital of such Purchaser Interest for each day elapsed
during such Accrual Period, annualized on a 360-day basis.

     “Yield and Servicing Fee Reserve” means, at any time, an amount equal to 1.50%
multiplied by the Net Receivables Balance at such time.

     All accounting terms not specifically defined herein shall be construed in accordance with
GAAP. All terms used in Article 9 of the UCC in the State of New York, and not specifically
defined herein, are used herein as defined in such Article 9.

Exh. I-23

 

EXHIBIT II

FORM OF PURCHASE NOTICE

[Date]

HSBC Securities (USA) Inc., as

Agent and as a Managing Agent

452 Fifth Avenue, 5th Floor

New York, New York 10018

Attention: Suzanna Baird

PNC Bank, N.A., as a Managing Agent43

Re: PURCHASE NOTICE

Ladies and Gentlemen:

     Reference is hereby made to the Receivables Purchase Agreement, dated as of November 27, 2007,
by and among HBI Receivables LLC, a Delaware limited liability company (the “Seller”),
Hanesbrands Inc., as Servicer, the Purchasers and Managing Agents party thereto, and HSBC
Securities (USA) Inc., as Agent (the “Receivables Purchase Agreement”). Capitalized
terms used herein shall have the meanings assigned to such terms in the Receivables Purchase
Agreement.

     The Managing Agents are hereby notified of the following Incremental Purchase:

	 	 	 
	Purchase Price:

	 	$[                    ] 
	Date of Purchase:

	 	[                    ], 20[__] 
	Requested Discount Rate:

	 	[LIBO Rate] [Prime Rate] [Pooled Commercial Paper

rate]

	 	 	Please wire transfer the Purchase Price in immediately available funds on the
above-specified date of purchase to:

[Account Name:                                         ]

[Account No. :                                         ]

[Bank Name & Address:                                         ]

[ABA #:                                         ]

Reference: [                                        ]

Telephone advice to: [Name] @ Tel. No. [(___) ___-____]]

 

			
	43	 	Addressees changed to reflect Resignation and Appointment Agreement and
Amendment No. 2.

Exh. II-1

 

     Please advise [Name] at telephone number [(___) ___-____] if none of the Conduit
Purchasers in your Purchase Group will be making this purchase.

     In connection with the Incremental Purchase to be made on the above listed “Date of Purchase”
(the “Purchase Date”), the Seller hereby certifies that the following statements are true
on the date hereof, and will be true on the Purchase Date (before and after giving effect to the
proposed Incremental Purchase):

          (i) the representations and warranties of the Seller set forth in Section 5.1
of the Receivables Purchase Agreement are true and correct on and as of the Purchase Date as though
made on and as of such date;

          (ii) no event has occurred and is continuing, or would result from the
proposed Incremental Purchase, that will constitute an Amortization Event or a Potential
Amortization Event;

          (iii) the Facility Termination Date has not occurred, the Aggregate Capital
does not exceed the Purchase Limit and the aggregate Purchaser Interests do not exceed 100%; and

          (iv) the
amount of Aggregate Capital is $[          ] after giving effect
to the Incremental Purchase to be made on the Purchase Date.

	 	 	 	 	 
	 	Very truly yours,

HBI RECEIVABLES LLC

 	 
	 	By:  	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 
	 

Exh. II-2

 

EXHIBIT III

PLACES OF BUSINESS OF THE SELLER PARTIES;

LOCATIONS OF RECORDS;

FEDERAL EMPLOYER IDENTIFICATION NUMBER(S)

	 	 	 	 	 	 	 	 	 
	 	 	Hanesbrands Inc.	 	HBI Receivables LLC	 	GFSI, Inc	CC Products, Inc.
	Federal Employer 

Identification Number

	 	20-3552316 
	 	26-1347975 
	 	74-2810748
	 	48-1244929
	 
	 	 	 	 	 	 	 	 
	Principal Place of
Business

	 	1000 East Hanes Mill
Road

Winston-Salem

North Carolina 27105
	 	1000 East Hanes Mill
Road

Winston-Salem

North Carolina 27105
	 	9700 Commerce Parkway

 Lenexa, Kansas 66219
	 	9700 Commerce Parkway

 Lenexa, Kansas 66219
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	1000 East Hanes Mill Road

	 	1000 East Hanes Mill Road

	 

	 	 	 	 	 	 Winston-Salem 
	 	 Winston-Salem 
	 

	 	 	 	 	 	 North Carolina 27105
	 	 North Carolina 27105
	 
	 	 	 	 	 	 	 	 
	Chief Executive Office

	 	1000 East Hanes Mill
Road

Winston-Salem

North Carolina 27105
	 	1000 East Hanes Mill
Road

Winston-Salem

North Carolina 27105
	 	9700 Commerce Parkway

 Lenexa, Kansas 66219
	 	9700 Commerce Parkway

 Lenexa, Kansas 66219
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	1000 East Hanes Mill Road

	 	1000 East Hanes Mill Road

	 

	 	 	 	 	 	 Winston-Salem 
	 	 Winston-Salem 
	 

	 	 	 	 	 	 North Carolina 27105
	 	 North Carolina 27105
	 
	 	 	 	 	 	 	 	 
	Offices Where Records
are Kept

	 	1000 East Hanes Mill
Road

Winston-Salem,

North Carolina 27105
	 	1000 East Hanes Mill
Road

Winston-Salem,

North Carolina 27105
	 	9700 Commerce Parkway

 Lenexa, Kansas 66219
	 	9700 Commerce Parkway

 Lenexa, Kansas 66219
	 
	 	 	 	 	 	 	 	 
	 

	 	531 Northridge Park
Drive

Rural Hall

North Carolina 27045
	 	531 Northridge Park
Drive

Rural Hall

North Carolina 27045
	 	9700 Lackman Road 

 Lenexa, Kansas 66219
	 	9700 Lackman Road 

 Lenexa, Kansas 66219
	 
	 	 	 	 	 	 	 	 
	 

	 	Data Chambers

Records Management:
	 	Data Chambers

Records Management:	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	3302 Old Lexington Road

Winston-Salem

North Carolina
	 	3302 Old Lexington Road

Winston-Salem

North Carolina	 	 	 	 

Exh. III-1

 

	 	 	 	 	 	 	 	 	 
	 	 	Hanesbrands Inc.	 	HBI Receivables LLC	 	GFSI, Inc	CC Products, Inc.
	 

	 	27105 
	 	27105 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	800 Chatham Road

Winston-Salem

North Carolina

27101
	 	800 Chatham Road

Winston-Salem

North Carolina

27101	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	3929 West Point Blvd

Winston-Salem

North Carolina

27103
	 	3929 West Point Blvd

Winston-Salem

North Carolina

27103	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	1401 Yanceyville Street

Greensboro, NC 27405
	 	1401 Yanceyville Street

Greensboro, NC 27405	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	1435 Bethel Drive

High Point

North Carolina

7260
	 	1435 Bethel Drive

High Point

North Carolina

7260	 	 	 	 

Exh. III-2

 

EXHIBIT IV

FORM OF REDUCTION NOTICE

[Date]

HSBC Securities (USA) Inc., as a Managing Agent

and as Agent

425 Fifth Avenue, 5th Floor

New York, New York 10018

Attention: Suzanna Baird44

     Re: Reduction Notice

Ladies and Gentlemen:

     Reference is hereby made to the Receivables Purchase Agreement, dated as of November 27, 2007,
by and among HBI Receivables LLC, a Delaware limited liability company (the “Seller”),
Hanesbrands Inc., as Servicer, the Purchasers and Managing Agents party thereto, and HSBC
Securities (USA) Inc., as Agent (the “Receivables Purchase Agreement”). Capitalized terms
used herein shall have the meanings assigned to such terms in the Receivables Purchase Agreement.

     Pursuant to Section 1.3 of the Receivables Purchase Agreement, the Seller hereby
notifies the Agent of the following reduction of Aggregate Capital from Collections. The proposed
date of such reduction is [DATE] (the “Proposed Reduction Date”).45 The amount
of Aggregate Capital to be reduced on the Proposed Reduction Date is $[          ].

	 	 	 	 	 
	 	Very truly yours,

HBI RECEIVABLES LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 
	 	 	Title:  	 

 

			
	44	 	Address was amended pursuant to the Resignation and Appointment Agreement.
	 
	45	 	Must be in compliance with the Required Notice Period Set forth in Exhibit I
to the Receivables Purchase Agreement.

Exh. IV-1

 

EXHIBIT V

FORM OF COMPLIANCE CERTIFICATE

To: HSBC Securities (USA) Inc., as Agent and as a Managing Agent, PNC Bank, N.A.46,
as a Managing Agent, and each of the “Purchasers” party to the Agreement defined below.

     This Compliance Certificate is furnished pursuant to that certain Receivables Purchase
Agreement dated as of November 27, 2007 among HBI Receivables LLC (the “Seller”),
Hanesbrands Inc. (the “Servicer”), the Purchasers and Managing Agents party thereto and
HSBC Securities (USA) Inc., as Agent for such Purchasers (the “Agreement”). Terms used
herein and not otherwise defined herein shall have the meanings assigned in the Agreement.

	 	 	THE UNDERSIGNED HEREBY CERTIFIES THAT:

     1. I, [    
                ], am the duly
elected [                 
   ] of Seller, and the duly elected [        
            ] of Servicer.

     2. Attached hereto are copies of the financial statements of Seller, including a balance
sheet, [a] statement[s] of income [and retained earnings] and a statement of cash flows) for the
[fiscal year][quarterly period] ending [____], which, in each case, are true, complete and correct
in all material respects.

     3. I have reviewed the terms of the Agreement and I have made, or have caused to be made under
my supervision, a detailed review of the transactions and conditions of Seller and Servicer and its
Subsidiaries during the accounting period covered by the attached financial statements.

     4. The examinations described in paragraph 2 did not disclose, and I have no knowledge of, the
existence of any condition or event which constitutes an Amortization Event or Potential
Amortization Event, as each such term is defined under the Agreement, during or at the end of the
accounting period covered by the attached financial statements or as of the date of this
Certificate, except as set forth in paragraph 5 below.

     5. Schedule I attached hereto sets forth financial data and computations evidencing
the compliance with Section 9.1(h) of the Agreement, all of which data and computations
are true, complete and correct.

     6. Described below are the exceptions, if any, to paragraph 3 by listing, in detail, the
nature of the condition or event, the period during which it has existed and the action which
Seller or Servicer, as applicable, has taken, is taking, or proposes to take with respect to each
such condition or event:

            
                       
                     
                     
                     
                     
                     
                     
                     

[                   
                    
                    
                    
                    
                    
                    
                    
                    
 

                   
                   
                   
                   
                   
                   
                   
                   
                   
         ].

 

			
	46	 	Revised to reflect parties to Amendment No. 2.

Exh. V-1

 

     The foregoing certifications, together with the computations set forth in Schedule I
hereto and the financial statements delivered with this Certificate in support hereof, are made
and delivered this [                    ] day of [                    ], 20[__].

	 	 	 	 	 	 	 

	 

	 	By:	 	 	 	 
	 	 	[              
      ] of Hanesbrands Inc.	 	 
	 	 	[              
      ] of HBI Receivables LLC	 	 

Exh. V-2

 

SCHEDULE I TO COMPLIANCE CERTIFICATE

	A.	 	Schedule of Compliance as of [                
    ], 20[__] with
Section 7.1(a)(iii) of the Agreement.
Unless otherwise defined herein, the terms used in this Compliance Certificate have the meanings
ascribed thereto in the Agreement.

This schedule relates to the month ended: [       
             ], 20[__]

Exh. V-3

 

EXHIBIT VI

FORM OF COLLECTION ACCOUNT AGREEMENT

(Attached.)

Exh. VI-1

 

Blocked Account Control Agreement

(“Lockbox and Lockbox Account — Shifting Control”)     |     JPMORGAN CHASE BANK, N.A.

V1.0_0705

Execution Copy

AGREEMENT dated as of November 27, 2007, by and among HBI Receivables LLC (“Seller”),
Hanesbrands Inc. (“HBI”), individually and as Servicer (“Servicer”), JPMorgan Chase Bank, N.A., as
Agent (“Agent”), and JPMorgan Chase Bank, N.A. (“Depositary”).

The parties hereto refer to Schedule A for a list of the Post Office Box
Numbers (the “Lockboxes”) and Account Numbers (the “Accounts”) in the name of
Hanesbrands Inc. maintained at Depositary and hereby agree as follows:

	1.	 	HBI, Seller, Servicer and Agent notify Depositary that pursuant to that certain
Receivables Sale Agreement, dated November 27, 2007 by and among HBI, as the seller
thereunder, and Seller, as the purchaser thereunder, HBI has transferred all of its right,
title and interest in and to, and exclusive ownership and control of, the Lockboxes and
Accounts to Seller. Seller, Servicer and Agent notify Depositary that pursuant to that
certain Receivables Purchase Agreement, dated November 27, 2007, among Seller, Servicer, the
“Purchasers” party thereto, the “Managing Agents” party thereto and Agent, Seller has
transferred to, and granted Agent a security interest in, the Lockboxes and all checks or
other items deposited from time to time therein and in the Accounts and all funds on deposit
from time to time therein. Depositary acknowledges being so notified. Depositary hereby
agrees that as of the date hereof, the title and account holder of each Lockbox and each
Account shall “HBI Receivables LLC”.
	 
	2.	 	(a) None of HBI, Seller or Servicer shall have any right to issue withdrawal, delivery or
other instructions which it otherwise would be entitled to give under the Applicable
Documentation (as hereinafter defined) with respect to the Lockboxes (collectively, “lockbox
instructions”), other than with respect to routine administrative matters, or any other right
or ability to control, access, pick up, withdraw or transfer items from the Lockboxes without
Agent’s express written consent with respect thereto. On each business day (and without
HBI’s, Seller’s, Servicer’s or any other person’s consent), Depositary shall open the mail
delivered to the Lockboxes and deposit the checks and other items contained therein into the
Accounts.
	 
	 	 	(b) Prior to the Effective Time (as defined below) Depositary shall honor all withdrawal,
payment, transfer or other fund disposition or other instructions which the Seller (or Servicer
on Seller’s behalf) is entitled to give under the Applicable Documentation (as hereinafter
defined) (collectively, “account instructions” and, together with lockbox instructions,
“instructions”) received from the Seller or Servicer concerning the Accounts. On and after the
Effective Time, Depositary shall exclusively honor and comply with all instructions received
from Agent (but not those from HBI, Seller, Servicer or any other person) directing the
disposition of the funds on deposit in the Accounts and otherwise concerning the Accounts
without the consent of HBI, Seller, Servicer or any other person and none of HBI, Seller,
Servicer or any other person shall have any right or ability to access, withdraw or transfer
funds from the Accounts.
	 
	 	 	For the purposes hereof, the “Effective Time” shall be the opening of business on the second
business day next succeeding the business day on which a notice purporting to be signed by Agent
in substantially the same form as Exhibit A, attached hereto, with a copy of this Agreement
attached thereto (a “Shifting Control Notice”), is actually received by the individual employee
of Depositary to whom the notice is required hereunder to be addressed or any employee
succeeding such employees duties and responsibilities; provided, however, that if any such
notice is so received after 12:00 noon, New York City time, on any business day, the “Effective
Time” shall be the

Page 1 of 7

 

	 	 	opening of business on the third business day next succeeding the business day on which such
receipt occurs; and, provided further, that a “business day” is any day other than a Saturday,
Sunday or other day on which Depositary is or is authorized or required by law to be closed.
	 
	 	 	Notwithstanding the foregoing: (i) all transactions involving or resulting in a transaction
involving the Accounts duly commenced by Depositary or any affiliate prior to the Effective Time
and so consummated or processed thereafter shall be deemed not to constitute a violation of this
Agreement; and (ii) Depositary and/or any affiliate may (at its discretion and without any
obligation to do so) (x) cease honoring Seller’s instructions and/or commence honoring solely
Agent’s instructions concerning the Accounts at any time or from time to time after it becomes
aware that Agent has sent to it a Shifting Control Notice but prior to the Effective Time
therefor (including without limitation halting, reversing or redirecting any transaction
referred to in clause (i) above), or (y) deem a Shifting Control Notice to be received by it for
purposes of the foregoing paragraph prior to the specified individual’s actual receipt if
otherwise actually received by Depositary (or if such Shifting Control Notice contains minor
mistakes or other irregularities but otherwise substantially complies with the form attached
hereto as Exhibit A or does not attach an appropriate copy of this Agreement), with no liability
whatsoever to Seller or any other party for doing so.
	 
	 	 	HBI, Seller, Servicer, Agent and Depositary agree that notwithstanding anything herein or
elsewhere to the contrary, Agent, or any party designated in writing by Agent, shall be
irrevocably entitled to exercise any and all rights in respect of, or in connection with, the
Accounts without HBI’s, Seller’s, Servicer’s or any of Seller’s affiliate’s consent, including,
without limitation, the right to give instructions directing the disposition of the funds in the
Accounts and Depositary agrees to comply with such instructions. Each of HBI, Seller, Servicer
and Agent agree that this Agreement grants “control” of the Accounts to Agent within the meaning
of Section 9-104 of the UCC.
	 
	3.	 	This Agreement supplements, rather than replaces, Depositary’s deposit account agreement,
terms and conditions, lockbox agreement and other standard documentation in effect from time
to time with respect to the Lockboxes, the Accounts or the services provided in connection
therewith (the “Applicable Documentation”), which Applicable Documentation will continue to
apply to the Lockboxes, the Accounts and such services, and the respective rights, powers,
duties, obligations, liabilities and responsibilities of the parties thereto and hereto, to
the extent not expressly conflicting with the provisions of this Agreement (however, in the
event of any such conflict, the provisions of this Agreement shall control). Prior to issuing
any instructions on or after the Effective Time, Agent shall provide Depositary with such
documentation as Depositary may reasonably request to establish the identity and authority of
the individuals issuing instructions on behalf of Agent. Agent may request the Depositary to
provide other services with respect to the Lockboxes or the Accounts on or after the Effective
Time; however, if such services are not authorized or otherwise covered under the Applicable
Documentation, Depositary’s decision to provide any such services shall be made in its sole
discretion (including without limitation being subject to Seller and/or Agent executing such
Applicable Documentation or other documentation as Depositary may require in connection
therewith).
	 
	4.	 	Depositary agrees not to exercise or claim any right of offset, banker’s lien or other like
right against the Accounts for so long as this Agreement is in effect except with respect to
(i) returned or charged-back items, reversals or cancellations of payment orders and other
electronic fund transfers or other corrections or adjustments to the Accounts or transactions
therein, (ii) overdrafts in the Accounts or (iii) Depositary’s charges, fees and expenses with
respect to the Accounts or the services provided hereunder. Depositary also acknowledges that
it does not have a security interest in the Accounts.
	 
	5.	 	Notwithstanding anything to the contrary in this Agreement: (i) Depositary shall have only
the duties and responsibilities with respect to the matters set forth herein as is expressly
set forth in writing herein and shall not be deemed to be an agent, bailee or fiduciary for
any party hereto; (ii)

Page 2 of 7

 

	 	 	Depositary shall be fully protected in acting or refraining from acting in good faith without
investigation on any notice (including without limitation a Shifting Control Notice),
instruction or request purportedly furnished to it by Seller or Agent in accordance with the
terms hereof, in which case the parties hereto agree that Depositary has no duty to make any
further inquiry whatsoever; (iii) it is hereby acknowledged and agreed that Depositary has no
knowledge of (and is not required to know) the terms and provisions of the separate agreement
referred to in paragraph 1 above or any other related documentation or whether any actions by
Agent (including without limitation the sending of a Shifting Control Notice), Seller or any
other person or entity are permitted or a breach thereunder or consistent or inconsistent
therewith, (iv) Depositary shall not be liable to any party hereto or any other person for any
action or failure to act under or in connection with this Agreement except to the extent such
conduct constitutes its own willful misconduct or gross negligence (and to the maximum extent
permitted by law, shall under no circumstances be liable for any incidental, indirect, special,
consequential or punitive damages); and (v) Depositary shall not be liable for losses or delays
caused by force majeure, interruption or malfunction of computer, transmission or communications
facilities, labor difficulties, court order or decree, the commencement of bankruptcy or other
similar proceedings or other matters beyond Depositary’s reasonable control.
	 
	6.	 	Seller hereby agrees to indemnify, defend and save harmless Depositary against any loss,
liability or expense (including reasonable fees and disbursements of counsel who may be an
employee of Depositary) (collectively, “Covered Items”) incurred in connection with this
Agreement, the Lockboxes or the Accounts (except to the extent due to Depositary’s willful
misconduct or gross negligence) or any interpleader proceeding relating thereto or incurred at
Seller’s direction or instruction.
	 
	7.	 	Depositary may terminate this Agreement (a) in its discretion upon the sending of at least
thirty (30) days’ advance written notice to the other parties hereto or (b) because of a
material breach by Seller or Agent of any of the terms of this Agreement or the Applicable
Documentation, upon the sending of at least ten (10) days advance written notice to the other
parties hereto. Agent may terminate this Agreement in its discretion upon the sending of at
least three (3) days advance written notice to the other parties hereto. Any other
termination or any amendment or waiver of this Agreement shall be effected solely by an
instrument in writing executed by all the parties hereto. The provisions of paragraphs 5 and
6 above shall survive any such termination.
	 
	8.	 	Seller shall compensate Depositary for the opening and administration of the Lockboxes and
the Accounts and services provided hereunder in accordance with Depositary’s fee schedules
from time to time in effect. Payment will be effected by a direct debit to the Accounts.
	 
	9.	 	Depositary hereby represents and warrants:

                    (a) Depositary is a “bank” within the meaning of Section 9-102(a)(8) of the Uniform Commercial
Code in effect in the State of New York (“UCC”); and

                    (b) That the Accounts are “deposit accounts” within the meaning of Section 9-102(a)(29) of the
UCC.

	10.	 	This Agreement: (i) may be signed in any number of counterparts, each of
which shall be an original, with the same effect as if the signatures thereto
and hereto were upon the same instrument; (ii) shall become effective when
counterparts hereof have been signed by
the parties hereto; and (iii) shall be governed by and construed in
accordance with the laws of the State of New York. The parties hereto
agree that New York shall be the Bank’s jurisdiction for all purposes of
Article 9 of the UCC.
	 
	 	 	All parties hereby waive all rights to a trial by jury in any action or
proceeding relating to the

Page 3 of 7

 

	 	 	Lockboxes, the Accounts or this Agreement. All notices under this Agreement shall be in writing and sent (including
via facsimile transmission) to the parties hereto at their respective
addresses or fax numbers set forth below (or to such other address or fax
number as any such party shall designate in writing to the other parties
from time to time).

Page 4 of 7

 

IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the date first above
written.

	 	 	 	 	 	 	 	 	 	 	 
	HBI RECEIVABLES LLC	 	 	 	HANESBRANDS INC.	 	 
	 
	By:

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 

Name:
	 	 
	 	 	 	 

Name:
	 	 
	 

	 	Title:
	 	 	 	 	 	Title:	 	 

	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Address for Notices:

	 1000 East
Hanes Mill Road
Winston-Salem, NC 27105
	 	 	 	Address for Notices	 1000 East
Hanes Mill Road
Winston-Salem, NC 27105 	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Fax No.:

	 	(336) 714-3650
	 	 	 	Fax No.:	 	(336) 714-3855	 	 

	 	 	 	 	 	 	 	 	 	 	 
	JPMORGAN CHASE BANK, N.A. (“Depositary”)

	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	 	 	 	 	 
	 

	 	 

Name:
	 	 
	 	 	 	 	 	 
	 

	 	Title:
	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 
	Address For Notices:

	 	 JPMorgan Chase Bank, N.A.	 	 	 	 	 	 	 	 
	 

	 	3475 Piedmont Road NE, 18th Floor	 	 	 	 	 	 	 	 
	 

	 	Atlanta, GA 30305-2954	 	 	 	 	 	 	 	 
	Fax:

	 	 404-926-2579	 	 	 	 	 	 	 	 
	Attention:

	 	 Treasury & Securities Services	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 
	JPMORGAN CHASE BANK, N.A. (“Agent”)

	 	 	 	 	 	 	 	 
	By:
	 	 	 	 	 	 	 	 	 	 
	 

	 	 

Name: Adam J. Klimek 

Title: Vice President
	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 
	Address for Notices:

	 	 JPMorgan
Chase Bank, N.A.	 	 	 	 	 	 	 	 
	 

	 	Asset-Backed Securities Conduit Group	 	 	 	 	 	 	 	 
	 

	 	10 S. Dearborn	 	 	 	 	 	 	 	 
	 

	 	Mail Code IL1-0612	 	 	 	 	 	 	 	 
	 

	 	Chicago, Illinois 60603	 	 	 	 	 	 	 	 
	Fax No:

	 	 (312) 732-3600	 	 	 	 	 	 	 	 

Page 5 of 7

 

Blocked Account Agreement | EXHIBIT A — SHIFTING CONTROL NOTICE

Date: [MM/DD/YYYY]

JPMorgan Chase Bank, N.A.

3475 Piedmont Road NE, 18th Floor

Atlanta, GA 30305-2954

Fax: 404-926-2579

Attention: Treasury & Securities Services

Re: Blocked Account Control Agreement dated as of November 27, 2007, by and among HBI Receivables
LLC (“Seller”), Hanesbrands Inc. (“HBI”), individually and as Servicer (“Servicer”), JPMorgan Chase
Bank, N.A. (“Agent”) and JPMorgan Chase Bank, N.A. (“Depositary”).

Ladies and Gentlemen:

This constitutes a Shifting Control Notice as referred to in paragraph 2 of the Agreement, a copy
of which is attached hereto.

	 	 	 	 	 
	JPMORGAN CHASE BANK, N.A., as Agent

 	 	 
	By:  	 	 	 
	 	Signature 	 	 
	 	Name:  	  	 	 
	 	Title: 	 	 

Page 6 of 7

 

Blocked
Account Agreement | SCHEDULE A — LIST OF LOCKBOXES AND ACCOUNTS

	 	 	 	 	 
	Lock-Box(es)
	 	Related Account	 	Account Title Holder

Page 7 of 7

 

EXHIBIT VII

FORM OF ASSIGNMENT AGREEMENT

               THIS ASSIGNMENT AGREEMENT (this “Assignment Agreement”) is entered into as of the [___] day of [___], 20[__], by and between
[                                        ] (“Assignor”) and [                    ] (“Assignee”).

PRELIMINARY STATEMENTS

          A. This Assignment Agreement is being executed and delivered in accordance with Section
12.1(b) of that certain Receivables Purchase Agreement dated as of November 27, 2007 by and
among HBI Receivables LLC, as Seller, Hanesbrands Inc., as Servicer, the Purchasers and Managing
Agents party thereto, and HSBC Securities (USA) Inc., as Agent (as amended, modified or restated
from time to time, the “Purchase Agreement”) and
Section [__] of that certain [APA] among [___] (as amended, modified or restated
from time to time, the “APA”). Capitalized terms used and not otherwise defined herein
are used with the meanings set forth or incorporated by reference in the Purchase Agreement or the
APA, as applicable.

          B. Assignor is a Committed Purchaser party to the Purchase Agreement and an APA Bank party to
the APA, and Assignee wishes to become a Committed Purchaser and APA Bank under the Purchase
Agreement and the APA, respectively; and

          C. Assignor is selling and assigning to Assignee an undivided [___]%
(the “Transferred Percentage”) interest in all of Assignor’s rights and obligations under
the Purchase Agreement, the APA and the Transaction Documents, including, without limitation,
Assignor’s Commitment and (if applicable) the Capital of Assignor’s Purchaser Interests as set
forth herein.

AGREEMENT

          The parties hereto hereby agree as follows:

          1. The sale, transfer and assignment effected by this Assignment Agreement shall become
effective (the “Effective Date”) two (2) Business Days (or such other date selected by the
Managing Agent for the Assignor in its sole discretion) following the date on which a notice
substantially in the form of Schedule II to this Assignment Agreement (“Effective
Notice”) is delivered by such Managing Agent to the related Conduit Purchaser, the Agent,
Assignor and Assignee. From and after the Effective Date, Assignee shall be a Committed Purchaser
party to the Purchase Agreement and an APA Bank party to the APA for all purposes thereof as if
Assignee were an original party thereto and Assignee agrees to be bound by all of the terms and
provisions contained therein.

          2. If Assignor has no outstanding Capital under the Purchase Agreement, on the Effective Date,
Assignor shall be deemed to have hereby transferred and assigned to Assignee, without recourse,
representation or warranty (except as provided in paragraph 6 below), and the Assignee shall be
deemed to have hereby irrevocably taken, received and

Exh. VII-1

 

assumed from Assignor, the Transferred Percentage of Assignor’s Commitment and all rights and
obligations associated therewith under the terms of the Purchase Agreement and the APA, including,
without limitation, the Transferred Percentage of Assignor’s future funding obligations under
Section 1.1 of the Purchase Agreement and Section 2.1 of the APA.

          3. If Assignor has any outstanding Capital under the Purchase Agreement, at or before 12:00
noon, local time of Assignor, on the Effective Date Assignee shall pay to Assignor, in immediately
available funds, an amount equal to the sum of (i) the Transferred Percentage of the outstanding
Capital of Assignor’s Purchaser Interests (such amount, being hereinafter referred to as the
“Assignee’s Capital”); (ii) all accrued but unpaid (whether or not then due) Yield
attributable to Assignee’s Capital; and (iii) accruing but unpaid fees and other costs and expenses
payable in respect of Assignee’s Capital for the period commencing upon each date such unpaid
amounts commence accruing, to and including the Effective Date (the “Assignee’s Acquisition
Cost”); whereupon, Assignor shall be deemed to have sold, transferred and assigned to Assignee,
without recourse, representation or warranty (except as provided in paragraph 6 below), and
Assignee shall be deemed to have hereby irrevocably taken, received and assumed from Assignor, the
Transferred Percentage of Assignor’s Commitment and the Capital of Assignor’s Purchaser Interests
(if applicable) and all related rights and obligations under the Purchase Agreement and the
Transaction Documents, including, without limitation, the Transferred Percentage of Assignor’s
future funding obligations under Section 1.1 of the Purchase Agreement and Section
2.1 of the APA.

          4. Concurrently with the execution and delivery hereof, Assignor will provide to Assignee
copies of all documents requested by Assignee which were delivered to Assignor pursuant to the
Purchase Agreement.

          5. Each of the parties to this Assignment Agreement agrees that at any time and from time to
time upon the written request of any other party, it will execute and deliver such further
documents and do such further acts and things as such other party may reasonably request in order
to effect the purposes of this Assignment Agreement.

          6. By executing and delivering this Assignment Agreement, Assignor and Assignee confirm to and
agree with each other, the Agent, the Managing Agents and the Committed Purchasers as follows:
(a) other than the representation and warranty that it has not created any Adverse Claim upon any
interest being transferred hereunder, Assignor makes no representation or warranty and assumes no
responsibility with respect to any statements, warranties or representations made by any other
Person in or in connection with the Purchase Agreement or the Transaction Documents or the
execution, legality, validity, enforceability, genuineness, sufficiency or value of Assignee, the
Purchase Agreement or any other instrument or document furnished pursuant thereto or the
perfection, priority, condition, value or sufficiency of any collateral; (b) Assignor makes no
representation or warranty and assumes no responsibility with respect to the financial condition of
the Seller, any Obligor, any Seller Affiliate or the performance or observance by the Seller, any
Obligor, any Seller Affiliate of any of their respective obligations under the Transaction
Documents or any other instrument or document furnished pursuant thereto or in connection
therewith; (c) Assignee confirms that it has received a copy of the Purchase Agreement and copies
of such other Transaction Documents, and other documents and information as it has requested and
deemed appropriate to make its own credit analysis and decision to enter into this Assignment
Agreement; (d) Assignee will, independently and without reliance upon the Agent, any Managing
Agent, any

Exh. VII-2

 

Conduit Purchaser, the Seller or any other Committed Purchaser or Purchaser 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 Purchase Agreement and the Transaction
Documents; (e) Assignee appoints and authorizes the Agent to take such action as agent on its
behalf and to exercise such powers under the Transaction Documents as are delegated to the Agent by
the terms thereof, together with such powers as are reasonably incidental thereto; and (f) Assignee
agrees that it will perform in accordance with their terms all of the obligations which, by the
terms of the Purchase Agreement and the other Transaction Documents, are required to be performed
by it as a Committed Purchaser or, when applicable, as a Purchaser.

          7. Each party hereto represents and warrants to and agrees with the Agent that it is
aware of and will comply with the provisions of the Purchase Agreement, including, without
limitation, Sections 4.1, 13.6 and 13.7 thereof.

          8. Schedule I hereto sets forth the revised Commitment of Assignor and the Commitment
of Assignee, as well as administrative information with respect to Assignee.

          9. THIS ASSIGNMENT AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK.

          10. Assignee hereby covenants and agrees that, prior to the date which is one (1) year and one
(1) day after the payment in full of all senior indebtedness for borrowed money of Conduit
Purchaser, it will not institute against, or join any other Person in instituting against, Conduit
Purchaser any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or
other similar proceeding under the laws of the United States or any state of the United States.

          IN WITNESS WHEREOF, the parties hereto have caused this Assignment Agreement to be executed
by their respective duly authorized officers of the date hereof.

	 	 	 	 	 	 	 

	 	 	[ASSIGNOR]	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Title:
	 	 

	 	 
	 
	 	 	 	 	 	 
	 	 	[ASSIGNEE]	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Title:
	 	 

	 	 
	 
	 	 	 	 	 	 
	 	 	[Consented to by:	 	 
	 	 	HBI RECEIVABLES LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Title:]
	 	 

	 	 

Exh. VII-3

 

SCHEDULE I TO ASSIGNMENT AGREEMENT

LIST OF LENDING OFFICES, ADDRESSES

FOR NOTICES AND COMMITMENT AMOUNTS

Date: [                                        ], 20[__]

Transferred Percentage: [                     ]%

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	A-l	 	 	A-2	 	 	B-l	 	 	B-2	 
	 	 	Commitment	 	 	Commitment	 	 	 	 	 	 	 
	 	 	(prior to giving	 	 	(after giving	 	 	 	 	 	 	 
	 	 	effect to the	 	 	effect to the	 	 	Outstanding	 	 	Ratable Share	 
	 	 	Assignment	 	 	Assignment	 	 	Capital	 	 	of Outstanding	 
	Assignor	 	Agreement)	 	 	Agreement)	 	 	(if any)	 	 	Capital	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	A-2	 	 	B-l	 	 	B-2	 
	 	 	Commitment	 	 	Commitment	 	 	 	 	 	 	 
	 	 	(prior to giving	 	 	(after giving	 	 	 	 	 	 	 
	 	 	effect to the	 	 	effect to the	 	 	Outstanding	 	 	Ratable Share	 
	 	 	Assignment	 	 	Assignment	 	 	Capital	 	 	of Outstanding	 
	Assignee	 	Agreement)	 	 	Agreement)	 	 	(if any)	 	 	Capital	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

Address for Notices

[                                        ]

[                                        ]

Attention: [                    ]

Phone: [                    ]

Fax: [                    ]

Exh. VII-4

 

SCHEDULE II TO ASSIGNMENT AGREEMENT

EFFECTIVE NOTICE

			
	TO:	 	[                    ], Assignor

[                    ]

[                    ]

[                    ]

			
	TO:	 	[                    ], Assignee

[                    ]

[                    ]

[                    ]

     The undersigned, as Agent and the Managing Agent for the Assignor’s Purchase Group,
respectively, under the Receivables Purchase Agreement dated as of November 27, 2007 by and among
HBI Receivables LLC, as Seller, Hanesbrands Inc., as Servicer, the Purchasers and Managing Agents
party thereto, and HSBC Securities (USA) Inc., as Agent hereby acknowledges receipt of executed
counterparts of a completed Assignment Agreement dated as of [                     ], 20[__] between [                     ], as Assignor,
and [                     ], as Assignee. Terms defined in such Assignment Agreement are used
herein as therein defined.

     1. Pursuant to such Assignment Agreement, you are advised that the Effective Date will be [                     ],
20[__].

     2. The Managing Agent, on behalf of the affected Conduit Purchaser(s) hereby consents to the
Assignment Agreement as required by Section 12.1(b) of the Receivables Purchase Agreement
and Section [___] of the APA.

Exh. VII-5

 

     [3. Pursuant to such Assignment Agreement, the Assignee is required to pay $[___] to Assignor
at or before 12:00 noon (local time of Assignor) on the Effective
Date in immediately available funds.]

	 	 	 	 	 	 	 

	 	 	Very truly yours,	 	 
	 
	 	 	 	 	 	 
	 	 	HSBC SECURITIES (USA) INC.,	 	 
	 	 	individually and as Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 

	 	 

Exh. VII-6

 

EXHIBIT VIII

CREDIT AND COLLECTION POLICY

See Exhibit V to Receivables Sale Agreement

Exh. VIII-1

 

EXHIBIT IX

FORM OF CONTRACT(S)

(Attached.)

 

 

 

THE INVOICE ON THE REVERSE HEREOF FROM SELLER TO BUYER IS

EXPRESSLY SUBJECT TO THE FOLLOWING TERMS AND CONDITIONS:

	1.	 	F.O.B. SHIPPING POINT. NO ANTICIPATION ALLOWED. DISCOUNT IS ALLOWED
ON THE MERCHANDISE TOTAL ONLY. THIS INVOICE FROM SELLER TO BUYER IS
EXPRESSLY SUBJECT TO THE TERMS AND CONDITIONS SET FORTH ON THE
REVERSE HEREOF.
	 
	2.	 	SELLER WARRANTS THAT THE GOODS ARE AS DESCRIBED ON THE REVERSE HEREOF
AND FURTHER, THE PRODUCTS COVERED BY THIS INVOICE ARE IN ACCORDANCE
WITH THE PROVISIONS ON THE FLAMMABLE FABRICS ACT AND THE TEXTILE
FIBER PRODUCTS IDENTIFICATION ACT FILED WITH THE FEDERAL TRADE COMMISSION.
ADDITIONALLY, WE HEREBY CERTIFY THAT ALL GOODS AND SERVICES COVERED BY THIS
INVOICE WERE PRODUCED AND FURNISHED IN COMPLIANCE WITH THE REQUIREMENTS OF THE FAIR
LABOR STANDARDS ACT OF 1938 AS AMENDED, AND ANY REGULATIONS AND ORDERS ISSUED THEREUNDER.
NO OTHER EXPRESS WARRANTY IS MADE IN RESPECT TO THE GOODS.
	 
	3.	 	ALL CLAIMS FOR ERRORS RELATING TO GOODS DELIVERED BY SELLER TO BUYER
UNDER THIS CONTRACT SHALL BE MADE BY BUYER WITHIN A PERIOD OF FIVE(5)
DAYS AFTER THE GOODS ARE DELIVERED TO BUYER. FAILURE TO MAKE ANY
CLAIM WITHIN FIVE(5) DAYS SHALL CONSTITUTE AN IRREVOCABLE
ACCEPTANCE OF THE GOODS AND AN ADMISSION THAT THEY FULLY COMPLY
WITH ALL TERMS, CONDITIONS, AND SPECIFICATIONS OF THIS CONTRACT.

	 
	4.	 	BUYER SHALL PAY THE PRICE WITHIN THE TERM SPECIFICALLY SET FORTH ON
THIS INVOICE FROM THE DATE OF THE INVOICE. SELLER RESERVES THE RIGHT
TO CHARGE BUYER REASONABLE FINANCE CHARGES ON PAST DUE BALANCES OR
ON PAYMENTS MADE NOT WITHIN THE SPECIFIED TERM. FURTHER, WHERE
PERMITTED BY APPLICABLE STATE LAW, BUYER SHALL PAY TO SELLER
REASONABLE COST OF COLLECTION OF MONEY DUE AND UNPAID INCLUDING
REASONABLE ATTORNEY’S FEES.
	 
	5.	 	MERCHANDISE CANNOT BE RETURNED WITHOUT WRITTEN PERMISSION.
	 
	6.	 	HANESBRANDS INC. PRODUCTS IRREGULARS AND CLOSE-OUTS ARE SOLD ON THE
CONDITION THAT ITS BRAND NAME(S) WILL NOT BE USED IN ADVERTISING
THEIR SALE. A DESCRIPTION SUCH AS “FAMOUS BRAND” OR “GOODS OF NATIONALLY ADVERTISED
BRAND” MAY BE USED.

 

 

 

 

 

 

 

 

 

EXHIBIT X

FORM OF WEEKLY REPORT

(Attached.)

 

 

HBI Receivables LLC

Weekly Settlement Report

	 	 	 	 	 	 	 	 	 
	Report as of:
	 	 	 	 	 	 	 	 
	 	 	 	 	 
	Weekly Period:

	 	 	 	thru
	 	 	 	 
	 

	 	 
	 	 	 	 	 	 

	 	 	 	 	 	 	 
	I.
	 	RECEIVABLES ROLLFORWARD	 	 	 	 
	 
	 	Beginning Receivables Balance
	 	 	0	 
	 
	 	+   Gross Sales
	 	 	0	 
	 
	 	+   Debit Adjustments
	 	 	0	 
	 
	 	-   Cash Collections
	 	 	0	 
	 
	 	-   Credit Adjustments, Write-Offs, and Recoveries
	 	 	0	 
	 
	 	 	 	 	 	 
	 
	 	Ending Receivables Balance
	 	 	0	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	II.
	 	RECEIVABLES AGING SCHEDULE	 	 	 	 
	 
	 	Total Agings	 	 	 	 
	 
	 	Current
	 	 	0	 
	 
	 	1-30 dpd
	 	 	0	 
	 
	 	31-60 dpd
	 	 	0	 
	 
	 	61-90 dpd
	 	 	0	 
	 
	 	91+ dpd
	 	 	0	 
	 
	 	Credit Memos and Unapplied Cash
	 	 	0	 
	 
	 	 	 	 	 	 
	 
	 	Total Receivables Balance
	 	 	0	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	III.
	 	ELIGIBLE RECEIVABLES	 	 	 	 
	 
	 	Per Most Recent Monthly Report:
	 	 	 	 
	 
	 	Total Receivables Balance
	 	 	0	 
	 
	 	Eligible Receivables Balance
	 	 	0	 
	 
	 	Ineligible Receivables
	 	 	0	 
	 
	 	Ineligible Receivables Percentage
	 	 	0.00	%
	 
	 	 	 	 	 	 
	 
	 	Per This Weekly Report:
	 	 	 	 
	 
	 	Total Receivables Balance
	 	 	0	 
	 
	 	Ineligible Receivables Percentage (calculated above)
	 	 	0.00	%
	 
	 	Eligible Receivables Balance
	 	 	0	 
	 
	 	 	 	 	 	 
	IV.
	 	OBLIGOR CONCENTRATION LIMITS	 	 	 	 
	 
	 	Per Most Recent Monthly Report:
	 	 	 	 
	 
	 	Eligible Receivables Balance
	 	 	0	 
	 
	 	Excess Obligor Concentrations
	 	 	0	 
	 
	 	Excess Other Concentrations
	 	 	0	 
	 
	 	Excess Concentration Percentage
	 	 	0.00	%
	 
	 	 	 	 	 	 
	 
	 	Per This Weekly Report:
	 	 	 	 
	 
	 	Eligible Receivables Balance
	 	 	0	 
	 
	 	Excess Concentration Percentage (calculated above)
	 	 	0.00	%
	 
	 	Excess Concentrations
	 	 	0	 
	 
	 	 	 	 	 	 
	V.
	 	FUNDING AVAILABILITY	 	 	 	 
	 
	 	Eligible Receivables Balance
	 	 	0	 
	 
	 	-   Excess Concentrations
	 	 	0	 
	 
	 	Net Receivables Balance
	 	 	0	 
	 
	 	 	 	 	 	 
	 
	 	-   Loss Reserve Percentage per last Monthly Report
	 	 	0.00	%
	 
	 	-   Dilution Reserve Percentage per last Monthly Report
	 	 	0.00	%
	 
	 	-   Yield & Servicing Reserves per last Monthly Report
	 	 	0.00	%
	 
	 	Total Reserve Requirement
	 	 	0	 
	 
	 	 	 	 	 	 
	 
	 	Available Funding Amount
	 	 	0	 
	 
	 	 	 	 	 	 
	VI.
	 	INCREASE / DECREASE IN CAPITAL	 	 	 	 
	 
	 	Maximum Funding Amount
	 	 	250,000	 
	 
	 	Amount Available for Funding Under the Facility
	 	 	0	 
	 
	 	Beginning Capital Outstanding
	 	 	0	 
	 
	 	Remaining Available Capital
	 	 	0	 
	 
	 	Required Capital Paydown
	 	 	0	 
	 
	 	Requested Increase / Purchase Amount
	 	 	0	 
	 
	 	Required / Optional Repayment (min. equals Required Paydown)
	 	 	0	 
	 
	 	Ending Capital Outstanding
	 	 	0	 
	 
	 	 	 	 	 	 
	VII.
	 	COMPLIANCE	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	Purchaser Interest
	 	 	 	 
	 
	 	Outstanding Capital
	 	 	0	 
	 
	 	Net Receivables Balance
	 	 	0	 
	 
	 	Aggregate Reserves
	 	 	0	 
	 
	 	Purchaser Interest
	 	 	0.00	%
	 
	 	Compliance?	 	Yes

The undersigned hereby represents and warrants that the foregoing is true and correct as of the
date hereof in accordance with the Receivables Purchase Agreement dated November 27, 2007 (and as
may be amended and otherwise modified from time to time).

	 	 	 	 	 
	Signed By:
	 	 	 	 
	 

	 	 

	 	 

	 	 	 	 	 
	Title:
	 	 	 	 
	 

	 	 

	 	 

					
	J.P. Morgan Securities Inc.	 	 	 	 
	HSBC Securities (USA) Inc.
	 	Page 1 of 1
	 	HBI Receivables LLC

 

EXHIBIT XI

FORM OF SETTLEMENT REPORT

(Attached.)

 

HBI Receivables LLC

   Monthly Settlement Report

	 	 	 	 	 	 	 	 	 
	Report Period:
	 	 	 	 	 	 	 	 
	 	 	 	 	 
	Report as of:
	 	 	 	 	 	 	 	 
	 	 	 	 	 

	 	 	 	 	 	 	 
	I.
	 	RECEIVABLES ROLLFORWARD	 	 	 	 
	 
	 	Beginning Receivables Balance
	 	 	0	 
	 
	 	+   Gross Sales
	 	 	0	 
	 
	 	+   Debit Adjustments
	 	 	0	 
	 
	 	-   Cash Collections
	 	 	0	 
	 
	 	-   Bad Debt Write-Offs
	 	 	0	 
	 
	 	+   Recoveries
	 	 	0	 
	 
	 	-   Credit Adjustments and Customer Deduction Write-Offs
	 	 	0	 
	 
	 	 	 	 	 	 
	 
	 	Ending Receivables Balance
	 	 	0	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	II.
	 	RECEIVABLES AGING SCHEDULE	 	 	 	 
	 
	 	Debit Only	 	 	 	 
	 
	 	Current
	 	 	0	 
	 
	 	1-30 dpd
	 	 	0	 
	 
	 	31-60 dpd
	 	 	0	 
	 
	 	61-90 dpd
	 	 	0	 
	 
	 	91+ dpd
	 	 	0	 
	 
	 	 	 	 	 	 
	 
	 	Total Debit Receivables Balance
	 	 	0	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	Credit Only	 	 	 	 
	 
	 	Current
	 	 	0	 
	 
	 	1-30 dpd
	 	 	0	 
	 
	 	31-60 dpd
	 	 	0	 
	 
	 	61-90 dpd
	 	 	0	 
	 
	 	91+ dpd
	 	 	0	 
	 
	 	 	 	 	 	 
	 
	 	Total Credit Receivables Balance
	 	 	0	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	Total Agings	 	 	 	 
	 
	 	Current
	 	 	0	 
	 
	 	1-30 dpd
	 	 	0	 
	 
	 	31-60 dpd
	 	 	0	 
	 
	 	61-90 dpd
	 	 	0	 
	 
	 	91+ dpd
	 	 	0	 
	 
	 	Credit Memos and Unapplied Cash
	 	 	0	 
	 
	 	 	 	 	 	 
	 
	 	Total Receivables Balance
	 	 	0	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	III.
	 	ELIGIBLE RECEIVABLES	 	 	 	 
	 
	 	Total Receivables Balance
	 	 	0	 
	 
	 	-   Delinquent Receivables (> 60 dpd)
	 	 	0	 
	 
	 	-   Intercompany / Affiliated Receivables
	 	 	0	 
	 
	 	-   Foreign Receivables
	 	 	0	 
	 
	 	-   Receivables from Bankrupt Obligors
	 	 	0	 
	 
	 	-   Contra Accounts
	 	 	0	 
	 
	 	-   Cross-Age (25% for Top 15 Obligors)
	 	 	0	 
	 
	 	-   Aged Customer Credits
	 	 	0	 
	 
	 	-   Unprocessed Credit Memos
	 	 	0	 
	 
	 	-   Duplicated Sock Sales
	 	 	0	 
	 
	 	-   Posting Differences to G/L Account
	 	 	0	 
	 
	 	-   Payment Terms of 31-60 Days > 20%
	 	 	0	 
	 
	 	-   Payment Terms of 61-90 Days > 3%
	 	 	0	 
	 
	 	-   Payment Terms of 91-120 Days > 3%
	 	 	0	 
	 
	 	-   Dating Receivables > 3%
	 	 	0	 
	 
	 	-   Extended Payment Terms or Payment Terms > 120 days
	 	 	0	 
	 
	 	-   Receivables with COD or CIA Payment Terms
	 	 	0	 
	 
	 	-   Unapplied Cash Not Applied to the Aging
	 	 	0	 
	 
	 	-   Trade Receivables Converted to Notes
	 	 	0	 
	 
	 	-   Other Ineligibles
	 	 	0	 
	 
	 	 	 	 	 	 
	 
	 	Eligible Receivables Balance
	 	 	0	 
	 
	 	 	 	 	 	 

					
	J.P. Morgan Securities Inc.	 	 	 	 
	HSBC Securities (USA) Inc.
	 	Page 1 of 3
	 	HBI Receivables LLC

 

 

HBI Receivables LLC

Monthly Settlement Report

	 	 	 	 	 	 	 	 	 
	Report Period:
	 	 	 	 	 	 	 	 
	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	IV.	 	CONCENTRATION LIMITS	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	% of Eligible	 	Concentration	 	Excess
	 	 	Obligor Concentration Limits	 	Eligible A/R Balance	 	Receivables	 	Limit	 	Concentrations
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	1.   Obligor A
	 	 	0	 	 	 	0.00	%	 	 	0.00	%	 	 	0	 
	 
	 	2.   Obligor B
	 	 	0	 	 	 	0.00	%	 	 	0.00	%	 	 	0	 
	 
	 	3.   Obligor C
	 	 	0	 	 	 	0.00	%	 	 	0.00	%	 	 	0	 
	 
	 	4.   Obligor D
	 	 	0	 	 	 	0.00	%	 	 	0.00	%	 	 	0	 
	 
	 	5.   Obligor E
	 	 	0	 	 	 	0.00	%	 	 	0.00	%	 	 	0	 
	 
	 	6.   Obligor F
	 	 	0	 	 	 	0.00	%	 	 	0.00	%	 	 	0	 
	 
	 	7.   Obligor G
	 	 	0	 	 	 	0.00	%	 	 	0.00	%	 	 	0	 
	 
	 	8.   Obligor H
	 	 	0	 	 	 	0.00	%	 	 	0.00	%	 	 	0	 
	 
	 	9.   Obligor I
	 	 	0	 	 	 	0.00	%	 	 	0.00	%	 	 	0	 
	 
	 	10.  Obligor J
	 	 	0	 	 	 	0.00	%	 	 	0.00	%	 	 	0	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Total
	 	 	0	 	 	 	0.00	%	 	 	 	 	 	 	0	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	% of Eligible	 	Concentration	 	Excess
	 	 	Other Concentration Limits	 	Eligible A/R Balance	 	Receivables	 	Limit	 	Concentrations
	 
	 	1.   U.S. Government Receivables
	 	 	0	 	 	 	0.00	%	 	 	0.00	%	 	 	0	 
	 
	 	2.   Foreign Receivables
	 	 	0	 	 	 	0.00	%	 	 	0.00	%	 	 	0	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Total
	 	 	0	 	 	 	0.00	%	 	 	 	 	 	 	0	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	V.
	 	FUNDING AVAILABILITY	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Eligible Receivables Balance
	 	 	0	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	-   Excess Obligor Concentrations
	 	 	0	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	-   Excess Other Concentrations
	 	 	0	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Net Receivables Balance
	 	 	0	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	-   Loss Reserves
	 	 	0	 	 	 	0.00	%	 	 	 	 	 	 	 	 
	 
	 	-   Dilution Reserves
	 	 	0	 	 	 	0.00	%	 	 	 	 	 	 	 	 
	 
	 	-   Yield & Servicing Reserves
	 	 	0	 	 	 	0.00	%	 	 	 	 	 	 	 	 
	 
	 	Total Reserve Requirement
	 	 	0	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	Available Funding Amount
	 	 	0	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	VI.
	 	INCREASE / DECREASE IN CAPITAL	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Maximum Funding Amount
	 	 	250,000	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Amount Available for Funding Under the Facility
	 	 	0	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Beginning Capital Outstanding
	 	 	0	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Remaining Available Capital
	 	 	0	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Required Capital Paydown
	 	 	0	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Requested Increase / Purchase Amount
	 	 	0	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Required / Optional Repayment (min. equals Required Paydown)
	 	 	0	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Ending Capital Outstanding
	 	 	0	 	 	 	 	 	 	 	 	 	 	 	 	 

					
	 	 	 	 	 
	J.P. Morgan Securities Inc.	 	 	 	 
	HSBC Securities (USA) Inc.
	 	Page 2 of 3
	 	HBI Receivables LLC

 

 

HBI Receivables LLC

Monthly Settlement Report

	 	 	 	 	 	 	 	 	 
	Report Period:
	 	 	 	 	 	 	 	 
	 	 	 	 	 

			
	VII.	 	RECEIVABLES PERFORMANCE TRIGGERS

     3-Month Delinquency Ratio

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Current Month	 	Previous Month	 	2-Months Ago	 	3-Month Avg.	 	Trigger
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	0.00	%	 	 	0.00	%	 	 	0.00	%	 	 	0.00	%	 	 	4.00	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Compliance?
	 	Yes	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

     3-Month Average Loss-to-Liquidation Ratio

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Current Month	 	Previous Month	 	2-Months Ago	 	3-Month Avg.	 	Trigger
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	0.00	%	 	 	0.00	%	 	 	0.00	%	 	 	0.00	%	 	 	2.25	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Compliance?
	 	Yes	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

     3-Month Average Dilution Ratio

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Current Month	 	Previous Month	 	2-Months Ago	 	3-Month Avg.	 	Trigger
	 	 	 	 	 
	 
	 	 	 	 	0.00	%	 	 	0.00	%	 	 	0.00	%	 	 	0.00	%	 	 	13.50	%
	 
	 
	 	 	Compliance?    	Yes	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Purchaser Interest	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Outstanding Capital
	 	0	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Net Receivables Balance
	 	0	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Aggregate Reserves
	 	0	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Purchaser Interest
	 	0.00	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	Compliance?    	Yes	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

The undersigned hereby represents and warrants that the foregoing is true and correct as of the
date hereof in accordance with the Receivables Purchase Agreement dated November 27, 2007 (and as
may be amended and otherwise modified from time to time).

	 	 	 	 	 
	Signed By:
	 	 	 	 
	 

	 	 

	 	 

	 	 	 	 	 
	Title:
	 	 	 	 
	 

	 	 

	 	 

					
	 	 	 	 	 
	J.P. Morgan Securities Inc.	 	 	 	 
	HSBC Securities (USA) Inc.
	 	Page 3 of 3
	 	HBI Receivables LLC

 

 

EXHIBIT XII47

FINANCIAL COVENANT DEFINITIONS[Reserved.]

          “2016 Senior Notes” means the $500,000,000 8.00% senior unsecured notes
due December 15, 2016 issued by HBI.

          “Administrative Agent” means the Administrative Agent under the Credit
Agreement.

          “Business Day” has the meaning set forth in the Credit
Agreement.

          “Capital Securities” means, with respect to any Person, all shares,
interests, participations or other equivalents (however designated, whether voting or non-voting)
of such Person’s capital, whether now outstanding or issued after the Restatement Effective Date;
provided however, any shares, interests, participations or other equivalents required to be
issued in connection with convertible debt shall not be considered “Capital Securities” until
issued.

          “Capitalized Lease Liabilities” means, with respect to any Person, all
monetary obligations of such Person and its Subsidiaries under any leasing or similar arrangement
which, in accordance with GAAP, should be classified as capitalized leases, and for purposes of
each Loan Document the amount of such obligations shall be the capitalized amount thereof,
determined in accordance with GAAP, and the stated maturity thereof shall be the date of the last
payment of rent or any other amount due under such lease prior to the first date upon which such
lease may be terminated by the lessee without payment of a premium or a penalty; provided, however,
any changes to the treatment or reclassification of operating leases under GAAP or the
interpretation of GAAP that would cause operating leases to be considered capitalized leases under
GAAP shall be ignored as if such treatment or reclassification had never occurred and, for the
avoidance of doubt, operating leases shall not be considered Capitalized Lease Liabilities
hereunder.

          “Commercial Letter of Credit” has the meaning set forth in the
Credit Agreement.

          “Contingent Liability” means any agreement, undertaking or arrangement
by which any Person guarantees, endorses or otherwise becomes or is contingently liable upon (by
direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply
funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the
Indebtedness of any other Person (other than by endorsements of instruments in the course of
collection), or guarantees the payment of dividends or other distributions upon the Capital
Securities of any other Person. The amount of any Person’s obligation under any Contingent
Liability shall (subject to any limitation with respect thereto) be deemed to be the outstanding
principal amount of the debt, obligation or other liability guaranteed thereby.

           “Credit Agreement” means that certain Amended and Restated Credit
Agreement, dated as of December 10, 2009, among HBI, the lenders from time to time
party

 

			
	47	 	Amendment No. 4 amended and restated Exhibit XII in its entirety.

Exh. XII-1

 

thereto, the administrative agent party thereto, the collateral agent party thereto
and the other agents party thereto, as in effect on the date hereof.

          “Credit Extension” means, as the context may
require,

               (a) the making of a Loan by a Lender; or

               (b) the issuance of any Letter of Credit, any amendment to or modification of
any Letter of Credit that increases the face amount thereof, or the extension of any Stated Expiry
Date of any existing Letter of Credit, by an Issuer.

          “Disposition” (or similar words such as “Dispose”) means any
sale, transfer, lease (as lessor), contribution or other conveyance (including by way of merger)
of, or the granting of options, warrants or other rights to, any of HBI’s or its Subsidiaries’
assets (including accounts receivable and Capital Securities of Subsidiaries) to any other Person
in a single transaction or series of transactions other than (i) to another Obligor, (ii) by a
Foreign Subsidiary to any other Foreign Subsidiary, (iii) by a Receivables Subsidiary to any other
Person or (iv) customary derivatives issued in connection with the issuance of convertible
debt.

          “Dollar” and the sign “$” mean lawful money of the
United States.

          “EBITDA” means, for any applicable period, the sum
of

               (a) Net Income, plus

               (b) to the extent deducted in determining Net Income, the sum of (i) amounts attributable to
amortization (including amortization of goodwill and other intangible assets), (ii) federal, state,
local and foreign income withholding, franchise, state single business unitary and similar Tax
expense, (iii) Interest Expense, (iv) depreciation of assets, (v) all non-cash charges, including
all non-cash charges associated with announced restructurings, whether announced previously or in
the future (such non-cash restructuring charges being “Non-Cash Restructuring Charges”),
(vi) net cash charges associated with or related to any contemplated restructurings (such cost
restructuring charges being “Cash Restructuring Charges”) in an aggregate amount not to
exceed $120,000,000 since September 5, 2006, (vii) all amounts in respect of extraordinary losses,
(viii) non-cash compensation expense, or other non-cash expenses or charges, arising from the sale
of stock, the granting of stock options, the granting of stock appreciation rights and similar
arrangements (including any repricing, amendment, modification, substitution or change of any such
stock, stock option, stock appreciation rights or similar arrangements), (ix) any financial
advisory fees, accounting fees, legal fees and other similar advisory and consulting fees, cash
charges in respect of strategic market reviews, management bonuses and early retirement of
Indebtedness, and related out-of-pocket expenses incurred by HBI or any of its Subsidiaries as a
result of the Transaction, including fees and expenses in connection with the issuance, redemption
or exchange of the 2016 Senior Notes, all determined in accordance with GAAP, (x) non-cash or
unrealized losses on agreements with respect to Hedging Obligations and (xi) to the extent
non-recurring and not capitalized, any financial advisory fees, accounting fees, legal fees and
similar advisory and consulting fees and related costs and expenses of HBI and its Subsidiaries
incurred as a result of Permitted Acquisitions, Investments, Restricted Payments, Dispositions
permitted under the Credit Agreement and the issuance of Capital Securities or Indebtedness

Exh. XII-2

 

permitted under the Credit Agreement, all determined in accordance with GAAP and in each case
eliminating any increase or decrease in income resulting from non-cash accounting adjustments made
in connection with the related Permitted Acquisition or Dispositions, (xii) losses on agreements
with respect to Hedging Obligations and any related tax losses and any costs, fees, and expenses
related to the termination thereof, in each case incurred in connection with or as a result of the
Transaction, (xiii) to the extent the related loss is not added back pursuant to clause
(c), all proceeds of business interruption insurance policies, (xiv) expenses incurred by HBI
or any Subsidiary to the extent reimbursed in cash by a third party, and (xv) extraordinary,
unusual or non-recurring cash charges not to exceed $10,000,000 in any Fiscal Year,
minus

               (c) to the extent included in determining such Net Income, the sum of (i) all
amounts in respect of extraordinary gains, (ii) non-cash gains on agreements with respect to
Hedging Obligations, (iii) reversals (in whole or in part) of any restructuring charges previously
treated as Non-Cash Restructuring Charges in any prior period, (iv) gains on agreements with
respect to Hedging Obligations and any related tax gains, in each case incurred in connection with
or as a result of the Transaction and (v) non-cash items increasing such Net Income for such
period, other than (A) the accrual of revenue consistent with past practice and (B) the reversal in
such period of an accrual of, or cash reserve for, cash expenses in a prior period, to the extent
such accrual or reserve did not increase EBITDA in a prior period.

          “EMU” means Economic and Monetary Union as contemplated in the Treaty on
European Union.

          “EMU Legislation” means legislative measures of the European Council
(including European Council regulations) for the introduction of, changeover to or operation of a
single or unified European currency (whether known as the Euro or otherwise), being in part the
implementation of the third stage of EMU.

          “Euros” means the single currency of Participating Member States of
the European Union.

          “Fiscal Quarter” means a quarter ending on the Saturday nearest to the
last day of March, June, September or December.

          “Fiscal Year” means any period of fifty-two or fifty-three consecutive
calendar weeks ending on the Saturday nearest to December 31; references to a Fiscal Year with a
number corresponding to any calendar year (e.g., the “2009 Fiscal Year”) refer to the
Fiscal Year ending on the Saturday nearest to December 31 of such calendar year.

          “Foreign Subsidiary” means any Subsidiary that is not a U.S. Subsidiary
or a Receivables Subsidiary.

          “GAAP” has the meaning set forth in the Credit
Agreement.

          “Governmental Authority” means the government of the United States, any
other nation or any political subdivision thereof, whether state or local, and any agency,
authority, instrumentality, regulatory body, court, central bank or other entity
exercising

Exh. XII-3

 

executive, legislative, judicial, taxing, regulatory or administrative powers or
functions of or pertaining to government.

          “HBI” means Hanesbrands Inc., a Maryland
corporation.

          “Hedging Obligations” means, with respect to any Person, all liabilities
of such Person under foreign exchange contracts, commodity hedging agreements, currency exchange
agreements, interest rate swap agreements, interest rate cap agreements and interest rate collar
agreements, and all other agreements or arrangements designed to protect such Person against
fluctuations in interest rates, currency exchange rates or commodity prices.

          “Indebtedness” of any Person means, (i) all obligations of such Person
for borrowed money or advances and all obligations of such Person evidenced by bonds, debentures,
notes or similar instruments, (ii) all monetary obligations, contingent or otherwise, relative to
the face amount of all letters of credit, whether or not drawn, and banker’s acceptances issued for
the account of such Person, (iii) all Capitalized Lease Liabilities of such Person, (iv) for
purposes of Section 8.1.5 of the Credit Agreement only, net Hedging Obligations of such Person, (v)
whether or not so included as liabilities in accordance with GAAP, all obligations of such Person
to pay the deferred purchase price of property or services (excluding trade accounts payable and
accrued expenses in the ordinary course of business which are not overdue for a period of more than
90 days or, if overdue for more than 90 days, as to which a dispute exists and adequate reserves in
conformity with GAAP have been established on the books of such Person), (vi) indebtedness secured
by (or for which the holder of such indebtedness has an existing right, contingent or otherwise, to
be secured by) a Lien on property owned or being acquired by such Person (including indebtedness
arising under conditional sales or other title retention agreements), whether or not such
indebtedness shall have been assumed by such Person or is limited in recourse (provided that in the
event such indebtedness is limited in recourse solely to the property subject to such Lien, for the
purposes of this Exhibit the amount of such indebtedness shall not exceed the greater of the book
value or the fair market value (as determined in good faith by HBI’s board of directors) of the
property subject to such Lien), (vii) monetary obligations arising under Synthetic Leases, (viii)
the full outstanding balance of trade receivables, notes or other instruments sold with full
recourse (and the portion thereof subject to potential recourse, if sold with limited recourse),
other than in any such case any thereof sold solely for purposes of collection of delinquent
accounts and other than in connection with any Permitted Securitization or any Permitted Factoring
Facility, (ix) all obligations (other than intercompany obligations) of such Person pursuant to any
Permitted Securitization (other than Standard Securitization Undertakings) or any Permitted
Factoring Facility, and (x) all Contingent Liabilities of such Person in respect of any of the
foregoing. The Indebtedness of any Person shall include the Indebtedness of any other Person
(including any partnership in which such Person is a general partner) to the extent such Person is
liable therefore as a result of such Person’s ownership interest in or other relationship with such
Person, except to the extent the terms of such Indebtedness provide that such Person is not liable
therefore.

          “Interest Coverage Ratio” means, as of the last day of any Fiscal
Quarter, the ratio computed for the period consisting of such Fiscal Quarter and each of the three
immediately preceding Fiscal Quarters of:

               (a) EBITDA (for all such Fiscal Quarters)

Exh. XII-4

 

               to

               (b) the sum (for all such Fiscal Quarters) of Interest Expense.

          “Interest Expense” means, for any applicable period, the aggregate interest expense (both, without
duplication, when accrued or paid and net of interest income paid during such period to HBI and its
Subsidiaries) of HBI and its Subsidiaries for such applicable period, including the portion of any
payments made in respect of Capitalized Lease Liabilities allocable to interest expense; provided
that the term “Interest Expense” shall not include any interest expense attributable to a Permitted
Factoring Facility.

          “Investment” means, relative to any Person, (i) any loan, advance or
extension of credit made by such Person to any other Person, including the purchase by such Person
of any bonds, notes, debentures or other debt securities of any other Person, and (ii) any Capital
Securities held by such Person in any other Person. The amount of any Investment shall be the
original principal or capital amount thereof less all returns of principal or equity thereon and
shall, if made by the transfer or exchange of property other than cash, be deemed to have been made
in an original principal or capital amount equal to the fair market value of such property at the
time of such Investment.

          “Issuer” has the meaning set forth in the Credit
Agreement.

          “Lenders” means the various financial institutions and other Persons
from time to time party to the Credit Agreement.

          “Letter of Credit” has the meaning set forth in the Credit
Agreement.

          “Letter of Credit Outstandings” means, on any date, an amount equal to
the sum of (i) the then aggregate amount which is undrawn and available under all issued and
outstanding Letters of Credit, and (ii) the then aggregate amount of all unpaid and outstanding
Reimbursement Obligations.

          “Leverage Ratio” means, as of the last day of any Fiscal
Quarter, the ratio of

               (a) Total Debt outstanding on the last day of such Fiscal Quarter

               to

               (b) EBITDA computed for the period consisting of such Fiscal Quarter and each of
the three immediately preceding Fiscal Quarters.

          “Lien” means any security interest, mortgage, pledge, hypothecation,
assignment, deposit arrangement, encumbrance, lien (statutory or otherwise), charge against or
interest in property, or other priority or preferential arrangement of any kind or nature
whatsoever.

          “Loan Documents” has the meaning set forth in the Credit
Agreement.

          “Loans” has the meaning set forth in the Credit
Agreement.

Exh. XII-5

 

          “Net Income” means, for any period, the aggregate of all amounts
which would be included as net income on the consolidated financial statements of HBI and its
Subsidiaries for such period.

          “Non-Cash Restructuring Charges” is defined in the definition of
“EBITDA”.

          “Obligor” has the meaning set forth in the Credit
Agreement.

          “Open Account Paying Agreement” has the meaning set forth in the
Credit Agreement.

          “Participating Member State” means each country so described in any EMU
Legislation.

          “Permitted Acquisition” has the meaning set forth in the Credit
Agreement.

          “Permitted Factoring Facility” has the meaning set forth in the
Credit Agreement.

          “Permitted Securitization” has the meaning set forth in the
Credit Agreement.

          “Person” means any natural person, corporation, limited liability
company, partnership, joint venture, association, trust or unincorporated organization,
Governmental Authority or any other legal entity, whether acting in an individual, fiduciary or
other capacity.

          “Receivable” shall mean a right to receive payment arising from a sale
or lease of goods or the performance of services by a Person pursuant to an arrangement with
another Person pursuant to which such other Person is obligated to pay for goods or services under
terms that permit the purchase of such goods and services on credit and shall include, in any
event, any items of property that would be classified as an “account,” “chattel paper,” “payment
intangible” or “instrument” under the UCC and any supporting obligations.

          “Receivables Subsidiary” has the meaning set forth in the Credit
Agreement.

          “Reimbursement Obligation” has the meaning set forth in the Credit
Agreement.

          “Restatement Effective Date” means December 10,
2009.

          “Restricted Payment” means (i) the declaration or payment of any
dividend (other than dividends payable solely in Capital Securities of HBI or any Subsidiary
(excluding a Receivables Subsidiary)) on, or the making of any payment or distribution on account
of, or setting apart assets for a sinking or other analogous fund for the purchase, redemption,
defeasance, retirement or other acquisition of, any class of Capital Securities of HBI or any
warrants, options or other right or obligation to purchase or acquire any such Capital Securities,
whether now or hereafter outstanding, or (ii) the making of any other distribution in respect of
such Capital Securities, in each case either directly or indirectly, whether in cash, property or
obligations of HBI or any Subsidiary or otherwise; provided, however, that any
conversion feature of convertible debt shall not be considered a “Restricted
Payment”.

Exh. XII-6

 

          “Standard Securitization Undertakings” shall mean representations,
warranties, covenants and indemnities entered into by HBI or any Subsidiary which are
reasonably customary in a securitization of Receivables.

          “Stated Expiry Date” has the meaning set forth in the Credit
Agreement.

          “Subsidiary” means, with respect to any Person, any other Person of
which more than 50% of the outstanding Voting Securities of such other Person (irrespective of
whether at the time Capital Securities of any other class or classes of such other Person shall or
might have voting power upon the occurrence of any contingency) is at the time directly or
indirectly owned or controlled by such Person, by such Person and one or more other Subsidiaries of
such Person, or by one or more other Subsidiaries of such Person. Unless the context otherwise
specifically requires, the term “Subsidiary” shall be a reference to a Subsidiary of HBI
(other than a Receivables Subsidiary).

          “Synthetic Lease” means, as applied to any Person, any lease (including
leases that may be terminated by the lessee at any time) of any property (whether real, personal or
mixed) (i) that is not a capital lease in accordance with GAAP and (ii) in respect of which the
lessee retains or obtains ownership of the property so leased for federal income tax purposes,
other than any such lease under which that Person is the lessor.

          “Taxes” means all income, stamp or other taxes, duties, levies, imposts,
charges, assessments, fees, deductions or withholdings, now or hereafter imposed, levied,
collected, withheld or assessed by any Governmental Authority, and all interest, penalties or
similar liabilities with respect thereto.

          “Total Debt” means, on any date, the outstanding principal amount of all
Indebtedness of HBI and its Subsidiaries of the type referred to in clause (i) of the
definition of “Indebtedness”, clause (ii) of the definition of “Indebtedness”, clause
(iii) of the definition of “Indebtedness”, clause (vii) of the definition of
“Indebtedness” and clause (ix) of the definition of “Indebtedness”, in each case exclusive
of (a) intercompany Indebtedness between HBI and its Subsidiaries, (b) any Contingent Liability in
respect of any of the foregoing, (c) any Permitted Factoring Facility, (d) any Commercial Letter of
Credit, (e) any Letter of Credit or other credit support relating to the termination of agreements
with respect to Hedging Obligations, in each case under this clause (e), incurred in connection
with or as a result of the Transaction and (f) any Open Account Paying Agreements.

          “Transaction” has the meaning set forth in the Credit
Agreement.

          “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 (which was signed at
Maastricht, the Kingdom of Netherlands, on February 1, 1992 and came into force on November 1,
1993), as amended from time to time.

          “UCC” has the meaning set forth in the Credit
Agreement.

          “United States” or “U.S.” means the United States of America,
its fifty states and the District of Columbia.

Exh. XII-7

 

          “U.S. Subsidiary” means any Subsidiary (other than a Receivables
Subsidiary) that is incorporated or organized under the laws of the United States.

          “Voting Securities” means, with respect to any Person, Capital
Securities of any class or kind ordinarily having the power to vote for the election of directors,
managers or other voting members of the governing body of such Person.

Exh. XII-8

 

EXHIBIT XIII

FORM OF DAILY REPORT

(Attached.)

Exh. XIII-1

 

HBI
Receivables LLC

Daily Settlement Report

Report as of:                          

Daily Period:                         

	 	 	 	 	 
	I. RECEIVABLES AGING SCHEDULE
	 	 	 	 
	Total Agings
	 	 	 	 
	Current
	 	 	0	 
	1-30 dpd
	 	 	0	 
	31-60 dpd
	 	 	0	 
	61-90 dpd
	 	 	0	 
	91+ dpd
	 	 	0	 
	Credit Memos and Unapplied Cash
	 	 	0	 
	Total Receivables Balance
	 	 	0	 
	 
	 	 	 	 
	II. ELIGIBLE RECEIVABLES
	 	 	 	 
	Per Most Recent Monthly Report:
	 	 	 	 
	Total Receivables Balance
	 	 	0	 
	Eligible Receivables Balance
	 	 	0	 
	Ineligible Receivables
	 	 	0	 
	Ineligible Receivables Percentage
	 	 	0.00	%
	 
	 	 	 	 
	Per This Daily Report:
	 	 	 	 
	Total Receivables Balance
	 	 	0	 
	Ineligible Receivables Percentage (calculated above)
	 	 	0.00	%
	Eligible Receivables Balance
	 	 	0	 
	 
	 	 	 	 
	III. OBLIGOR CONCENTRATION LIMITS
	 	 	 	 
	Per Most Recent Monthly Report:
	 	 	 	 
	Eligible Receivables Balance
	 	 	0	 
	Excess Obligor Concentrations
	 	 	0	 
	Excess Other Concentrations
	 	 	0	 
	Excess Concentration Percentage
	 	 	0.00	%
	 
	 	 	 	 
	Per This Daily Report:
	 	 	 	 
	Eligible Receivables Balance
	 	 	0	 
	Excess Concentration Percentage (calculated above)
	 	 	0.00	%
	Excess Concentrations
	 	 	0	 
	 
	 	 	 	 
	IV. FUNDING AVAILABILITY
	 	 	 	 
	Eligible Receivables Balance
	 	 	0	 
	• Excess Concentrations
	 	 	0	 
	Net Receivables Balance
	 	 	0	 
	 
	 	 	 	 
	• Loss Reserve Percentage per last Monthly Report
	 	 	0.00	%
	• Dilution Reserve Percentage per last Monthly Report
	 	 	0.00	%
	•Yield & Servicing Reserves per last Monthly Report
	 	 	0.00	%
	Total Reserve Requirement
	 	 	0	 
	 
	 	 	 	 
	Available Funding Amount
	 	 	0	 
	 
	 	 	 	 
	V. INCREASE / DECREASE IN CAPITAL
	 	 	 	 
	Maximum Funding Amount
	 	 	250,000	 
	Amount Available for Funding Under the Facility
	 	 	0	 
	Beginning Capital Outstanding
	 	 	0	 
	Remaining Available Capital
	 	 	0	 
	Required Capital Paydown
	 	 	0	 
	Requested Increase / Purchase Amount
	 	 	0	 
	Required / Optional Repayment (min. equals Required Paydown)
	 	 	0	 
	Ending Capital Outstanding
	 	 	0	 
	 
	 	 	 	 
	VI. COMPLIANCE
	 	 	 	 
	 
	 	 	 	 
	Purchaser Interest
	 	 	 	 
	Outstanding Capital
	 	 	0	 
	Net Receivables Balance
	 	 	0	 
	Aggregate Reserves
	 	 	0	 
	Purchaser Interest
	 	 	0.00	%
	Compliance?
	Yes	 

The undersigned hereby represents and warrants
that the foregoing is true and correct as of
the date hereof in accordance with the
Receivables Purchase Agreement dated November
27, 2007 (and as may be amended and otherwise
modified from time to time).

	 	 	 	 	 
	 	 	 
	Signed By:  	
 	 	 
	 	Title: 	 	 	 

					
	 	 	 	 	 
	J.P. Morgan Securities Inc.	 	 	 	 
	HSBC Securities (USA) Inc.
	 	Page 1 of 1
	 	HBI Receivables LLC

 

 

SCHEDULE A48 

PURCHASE GROUPS; COMMITMENTS; GROUP PURCHASE LIMITS

HSBC Purchase Group

	 	 	 

	Group Purchase Limit:

	 	$125,000,00075,000,00049
	Managing Agent:

	 	HSBC Securities (USA) Inc.
	Conduit Purchaser:

	 	Bryant Park Funding LLC
	Committed Purchaser:

	 	HSBC Bank USA, National AssociationPLC
 
	Commitment:

	 	$125,000,00075,000,000 
	 
	PNC Purchase Group
	 	 
	 
	Group Purchase Limit:

	 	$125,000,00075,000,000 
	Managing Agent:

	 	PNC Bank, N.A.
	Conduit Purchaser:

	 	Market Street Funding LLC
	Committed Purchaser:

	 	PNC Bank, N.A.
	Commitment:

	 	$125,000,00075,000,000 

 

			
	48	 	Amendment No. 2 deleted and replaced this Schedule in its
entirety.
	 
	49	 	The Purchase Limit Reduction Notice, dated January
29, 2010, reduced the aggregate Purchase Limit to $150,000,000 and thereby reduced the Commitments
of each Committed Purchaser to $75,000,000.

 

 

SCHEDULE B

LIST OF CLOSING DOCUMENTS

(Attached.)

 

 

Schedule B to Receivables Purchase Agreement

Schedule A to Receivbles Sale Agreement

RECEIVABLES PURCHASE FACILITY

among

HANESBRANDS INC.,

as Originator and Servicer,

HBI RECEIVABLES LLC,

as Seller,

THE COMMITTED PURCHASERS PARTY THERETO,

THE CONDUCT PURCHASERS PARTY THERETO,

THE MANAGING AGENTS PARTY THERETO,

and

JPMORGAN CHASE BANK, N.A.,

as Agent

November 27, 2007

 

 

LIST OF CLOSING DOCUMENTS

	 	 	 	 	 
	 
	 	 	 	 
	 	 	DOCUMENT
	 
	 	 	 	 
	A.	 	SELLER DOCUMENTATION
	 
	 	 	 	 
	1.	 	Receivables Purchase
Agreement among HBI Receivables LLC (the “Seller”),
Hanesbrands Inc. (the “Company”), as Servicer, JPMorgan Chase Bank, N.A.
(“JPMorgan”), as a Committed Purchaser and as a Managing Agent, HSBC Bank
USA, National Association (“HSBC”), as a Committed Purchaser, HSBC
Securities (USA) Inc., as a Managing Agent, Falcon Asset Securitization
Company LLC, as a Conduct Purchaser, Bryant Park Funding LLC, as a
Conduct Purchaser and JPMorgan as agent for the “Purchasers” thereunder
(together with its successors and assigns the “Agent”).
	 
	 	 	 	 
	 

	 	Exhibit I
	 	Definitions
	 
	 	 	 	 
	 

	 	Exhibit II
	 	Form of Purchase Notice
	 
	 	 	 	 
	 

	 	Exhibit III
	 	Places of Business of the Seller Parties; Location(s) of
Records; Federal Employer Identification Number(s)
	 
	 	 	 	 
	 

	 	Exhibit IV
	 	Form of Reduction Notice
	 
	 	 	 	 
	 

	 	Exhibit V
	 	Form of Compliance Certificate
	 
	 	 	 	 
	 

	 	Exhibit VI
	 	Form of Collection Account Agreement
	 
	 	 	 	 
	 

	 	Exhibit VII
	 	Form of Assignment Agreement
	 
	 	 	 	 
	 

	 	Exhibit VIII
	 	Credit and Collection Policy
	 
	 	 	 	 
	 

	 	Exhibit IX
	 	Form of Contract(s)
	 
	 	 	 	 
	 

	 	Exhibit X
	 	Form of Weekly Report
	 
	 	 	 	 
	 

	 	Exhibit XI
	 	Form of Settlement Report
	 
	 	 	 	 
	 

	 	Exhibit XII
	 	Financial Covenant Definitions
	 
	 	 	 	 
	 

	 	Exhibit XIII
	 	Form of Daily Report
	 
	 	 	 	 
	 

	 	Schedule A
	 	Commitments
	 
	 	 	 	 
	 

	 	Schedule B
	 	Closing Documents
	 
	 	 	 	 
	 

	 	Schedule C
	 	Special Concentration Limits

2

 

	 	 	 	 	 
	 	 	DOCUMENT
	 
	 	 	 	 
	 

	 	Schedule D
	 	Calendar Months
	 
	 	 	 	 
	2.	 	Good Standing Certificates issued in respect of the Seller by the
Secretary of State of North Carolina. (Post Closing)
	 
	 	 	 	 
	3.	 	Certificate of the Secretary of the Seller certifying (i) a copy of the
Certificate of Formation of the Seller (attached thereto), (ii) a copy of
the Limited Liability Company Agreement of the Seller (attached thereto),
(iii) a copy of the resolutions of the Board of Directors of the Seller
(attached thereto) authorizing the execution, delivery and performance of
each Transaction Document to which the Seller is party, (iv) the names
and signatures of the officers authorized on its behalf to execute each
Transaction Document to which the Seller is party and (v) a good standing
certificate issued in respect of the Seller by the Secretary of State of
the State of Delaware.
	 
	 	 	 	 
	B.	 	COMPANY DOCUMENTATION
	 
	 	 	 	 
	4.	 	Receivables Sale Agreement between the Company, as originator, and
Seller, as buyer.
	 
	 	 	 	 
	 

	 	Exhibit I
	 	Definitions
	 
	 	 	 	 
	 

	 	Exhibit II
	 	Chief Executive Office; Places of Business; Locations of
Records; Federal Employer Identification Number(s); Other Names (s)
	 
	 	 	 	 
	 

	 	Exhibit III
	 	Reserved
	 
	 	 	 	 
	 

	 	Exhibit IV
	 	Form of Compliance Certificate
	 
	 	 	 	 
	 

	 	Exhibit V
	 	Credit and Collection Policy
	 
	 	 	 	 
	 

	 	Exhibit VI
	 	Form of Subordinated Note
	 
	 	 	 	 
	 

	 	Schedule A
	 	List of Documents to be Delivered to Buyer Prior to the
Purchase
	 
	 	 	 	 
	5.	 	Certificate of the Secretary of the Company certifying (i) a copy of the
Articles of Incorporation of the Company (attached thereto), (ii) a copy
of the Bylaws of the Company (attached thereto), (iii) a copy of the
resolutions of the Board of Directors of the Company (attached thereto)
authorizing the execution, delivery and performance of each Transaction
Document to which the Company is party, (iv) the names and signatures of
the officers authorized on its behalf to execute each Transaction
Document to which the Company is party and (v) good standing certificates
for the Company issued by the Department of Assessments and Taxation of
the State of Maryland and the Secretary of State of the State of North
Carolina.
	 
	 	 	 	 
	C.	 	UCC DOCUMENTATION
	 
	 	 	 	 
	6.	 	UCC Lien Search Report in respect of filings made against the Seller in
the office of the Secretary of State of the State of Delaware.
	 
	 	 	 	 
	7.	 	UCC Lien Search Reports in respect of filings made against the Company in
the office of the
	 
	 	 	 	 

3

 

	 	 	 	 	 
	 	 	DOCUMENT
	 
	 	 	 	 
	 	 	Maryland Department of Assessments and Taxation.
	 
	 	 	 	 
	8.	 	Tax Lien and Judgment Search Reports in respect of filings made against
the Company in the offices of North Carolina Secretary of State, (ii)
Forsyth County Superior Court Clerk.
	 
	 	 	 	 
	9.	 	UCC-1 Financing Statement naming the Seller as debtor and the Agent as
secured party filed in the office of the Secretary of State of the State
of Delaware.
	 
	 	 	 	 
	10.	 	UCC-1 Financing Statement naming the Company as debtor/seller, the Seller
as secured party/buyer/assignor and the Agent as assignee of the secured
party/buyer/assignor filed in the office of the Department of Assessments
and Taxation of the State of Maryland.
	 
	 	 	 	 
	11.	 	UCC-3 Financing Statements related to Credit Agreements (2).
	 
	 	 	 	 
	12.	 	Post-filing UCC Lien Search reports in respect of the filings listed in
the immediately preceding two items. (Post Closing)
	 
	 	 	 	 
	D.	 	OPINION LETTERS
	 
	 	 	 	 
	13.	 	Opinion of Kirkland & Ellis LLP, counsel for the Seller and the Company,
regarding corporate matters, enforceability and non-contravention of
material agreements, New York law and the law of the United States of
America.
	 
	 	 	 	 
	14.	 	Opinion of Kirkland & Ellis LLP, counsel for the Seller and the Company,
regarding creation of security interests under New York law and
perfection under Delaware law.
	 
	 	 	 	 
	15.	 	Opinion of Kirkland
& Ellis LLP, counsel for the Seller and the Company, regarding “true sale” and “substantive nonconsolidation” issues.
	 
	 	 	 	 
	16.	 	Opinion of Venable LLC, special Maryland counsel, regarding, among other
things, corporate matters and perfection of security interests under
Maryland law.
	 
	 	 	 	 
	E.	 	MISCELLANEOUS
	 
	 	 	 	 
	17.	 	Fee Letter among the Seller, the Managing Agents and the Agent.
	 
	 	 	 	 
	18.	 	Subordinated Note made by Seller in favor of the Company.
	 
	 	 	 	 
	19.	 	Blocked Account Control Agreement among the Seller, the Agent and
JPMorgan, as Depositary.
	 
	 	 	 	 
	20.	 	Asset Purchase Agreement between Falcon Asset Securitization Company LLC
and JPMorgan.
	 
	 	 	 	 
	21.	 	Liquidity Asset Purchase Agreement between Bryant Park Funding LLC and
HSBC.
	 
	 	 	 	 
	22.	 	Settlement Report for the month prior to the closing date.
	 
	 	 	 	 
	23.	 	Agent Authorized Signer Form

4

 

	 	 	 	 	 
	 	 	DOCUMENT
	 
	 	 	 	 
	24.	 	Collateral Release Agreement (First Lien Credit Agreement) among the
Company, the Seller, JPMorgan, Citicorp USA, Inc., as administrative
agent and Citibank, N.A., as collateral agent.
	 
	 	 	 	 
	25.	 	Collateral Release Agreement (Second Lien Credit Agreement) among the
Company, HBI Branded Apparel Limited, Inc., the Seller, JPMorgan,
Citicorp USA, Inc., as administrative agent, and Citibank, N.A., as
collateral agent.

5

 

SCHEDULE C4950

SPECIAL CONCENTRATION PERCENTAGES

	 	 	 	 	 
	Obligor Name	 	Special Concentration Percentage
	[****]
	 	 	[****]	%
	[****]
	 	 	[****]	%
	[****]
	 	 	[****]	%
	[****]
	 	 	[****]	%
	[****]
	 	 	[****]	%
	[****]
	 	 	[****]	%

 

			
	4950	 	Schedule C was deleted and replaced in its entirety by Amendments
No. 1, No. 2 and No. 5.

 

****
Omitted pursuant to a confidential treatment request

 

 

SCHEDULE D

CALENDAR MONTHS

(Attached.)

 

 

Calendar Year 2007

52 Weeks Ending 12/29/2007

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	PERIOD 1 - JANUARY	 	PERIOD 2 - FEBRUARY	 	PERIOD 3 - MARCH
	12/31/2006 - 02/03/2007	 	02/04/2007 - 03/03/2007	 	03/04/2007 - 03/31/2007
	Sun

	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat

	31

	 	 	1	 	 	 	2	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	6	 	 	 	4	 	 	 	5	 	 	 	6	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	4	 	 	 	5	 	 	 	6	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	10	 
	7

	 	 	8	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	12	 	 	 	13	 	 	 	11	 	 	 	12	 	 	 	13	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	11	 	 	 	12	 	 	 	13	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	17	 
	14

	 	 	15	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	20	 	 	 	18	 	 	 	19	 	 	 	20	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	18	 	 	 	19	 	 	 	20	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	24	 
	21

	 	 	22	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	27	 	 	 	25	 	 	 	26	 	 	 	27	 	 	 	28	 	 	 	1	 	 	 	2	 	 	 	3	 	 	 	25	 	 	 	26	 	 	 	27	 	 	 	28	 	 	 	29	 	 	 	30	 	 	 	31	 
	28

	 	 	29	 	 	 	30	 	 	 	31	 	 	 	1	 	 	 	2	 	 	 	3	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	PERIOD 4 - APRIL	 	PERIOD 5 - MAY	 	PERIOD 6 - JUNE
	04/01/2007 - 05/05/2007	 	05/06/2007 - 06/02/2007	 	6/03/2007 - 06/30/2007
	Sun

	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Web
	 	Thu
	 	Fri
	 	Sat

	1

	 	 	2	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	6	 	 	 	7	 	 	 	6	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	12	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	6	 	 	 	7	 	 	 	8	 	 	 	9	 
	8

	 	 	9	 	 	 	10	 	 	 	11	 	 	 	12	 	 	 	13	 	 	 	14	 	 	 	13	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	10	 	 	 	11	 	 	 	12	 	 	 	13	 	 	 	14	 	 	 	15	 	 	 	16	 
	15

	 	 	16	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	20	 	 	 	21	 	 	 	20	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	20	 	 	 	21	 	 	 	22	 	 	 	23	 
	22

	 	 	23	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	27	 	 	 	28	 	 	 	27	 	 	 	28	 	 	 	29	 	 	 	30	 	 	 	31	 	 	 	1	 	 	 	2	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	27	 	 	 	28	 	 	 	29	 	 	 	30	 
	29

	 	 	30	 	 	 	1	 	 	 	2	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	PERIOD 7 - JULY	 	PERIOD 8 - AUGUST	 	PERIOD 9 - SEPTEMBER
	07/01/2007 - 08/04/2007	 	08/05/2007 - 09/01/2007	 	09/02/2007 - 09/29/2007
	Sun

	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat

	1

	 	 	2	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	6	 	 	 	7	 	 	 	5	 	 	 	6	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	2	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	6	 	 	 	7	 	 	 	8	 
	8

	 	 	9	 	 	 	10	 	 	 	11	 	 	 	12	 	 	 	13	 	 	 	14	 	 	 	12	 	 	 	13	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	12	 	 	 	13	 	 	 	14	 	 	 	15	 
	15

	 	 	16	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	20	 	 	 	21	 	 	 	19	 	 	 	20	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	20	 	 	 	21	 	 	 	22	 
	22

	 	 	23	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	27	 	 	 	28	 	 	 	26	 	 	 	27	 	 	 	28	 	 	 	29	 	 	 	30	 	 	 	31	 	 	 	1	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	27	 	 	 	28	 	 	 	29	 
	29

	 	 	30	 	 	 	31	 	 	 	1	 	 	 	2	 	 	 	3	 	 	 	4	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	PERIOD 10 - OCTOBER	 	PERIOD 11 - NOVEMBER	 	PERIOD 12 - DECEMBER
	09/30/2007 - 11/03/2007	 	11/04/2007 - 12/01/2007	 	12/02/2007 - 12/29/2007
	Sun

	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat

	30

	 	 	1	 	 	 	2	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	6	 	 	 	4	 	 	 	5	 	 	 	6	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	2	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	6	 	 	 	7	 	 	 	8	 
	7

	 	 	8	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	12	 	 	 	13	 	 	 	11	 	 	 	12	 	 	 	13	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	12	 	 	 	13	 	 	 	14	 	 	 	15	 
	14

	 	 	15	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	20	 	 	 	18	 	 	 	19	 	 	 	20	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	20	 	 	 	21	 	 	 	22	 
	21

	 	 	22	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	27	 	 	 	25	 	 	 	26	 	 	 	27	 	 	 	28	 	 	 	29	 	 	 	30	 	 	 	1	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	27	 	 	 	28	 	 	 	29	 
	28

	 	 	29	 	 	 	30	 	 	 	31	 	 	 	1	 	 	 	2	 	 	 	3	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

LEGEND

	 	 	 
	 

	 	HOLIDAY

 

 

Calendar Year 2008

53 Weeks Ending 1/3/2009

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	PERIOD 1 - JANUARY	 	PERIOD 2 - FEBRUARY	 	PERIOD 3 - MARCH
	12/30/2007 - 02/02/2008	 	02/03/2008 - 03/01/2008	 	03/02/2008 - 03/29/2008
	Sun

	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat

	30

	 	 	31	 	 	 	1	 	 	 	2	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	6	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	2	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	6	 	 	 	7	 	 	 	8	 
	6

	 	 	7	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	12	 	 	 	11	 	 	 	11	 	 	 	12	 	 	 	13	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	12	 	 	 	13	 	 	 	14	 	 	 	15	 
	13

	 	 	14	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	20	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	20	 	 	 	21	 	 	 	22	 
	20

	 	 	21	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	27	 	 	 	28	 	 	 	29	 	 	 	1	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	27	 	 	 	28	 	 	 	29	 
	27

	 	 	28	 	 	 	29	 	 	 	30	 	 	 	31	 	 	 	1	 	 	 	2	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	PERIOD 4 - APRIL	 	PERIOD 5 - MAY	 	PERIOD 6 - JUNE
	03/30/2008 - 05/03/2008	 	05/04/2008 - 05/31/2008	 	6/01/2008 - 06/28/2008
	Sun

	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Web
	 	Thu
	 	Fri
	 	Sat

	30

	 	 	31	 	 	 	1	 	 	 	2	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	4	 	 	 	5	 	 	 	6	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	1	 	 	 	2	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	6	 	 	 	7	 
	6

	 	 	7	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	12	 	 	 	11	 	 	 	12	 	 	 	13	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	12	 	 	 	13	 	 	 	14	 
	13

	 	 	14	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	18	 	 	 	19	 	 	 	20	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	20	 	 	 	21	 
	20

	 	 	21	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	25	 	 	 	26	 	 	 	27	 	 	 	28	 	 	 	29	 	 	 	30	 	 	 	31	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	27	 	 	 	28	 
	27

	 	 	28	 	 	 	29	 	 	 	30	 	 	 	1	 	 	 	2	 	 	 	3	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	PERIOD 7 - JULY	 	PERIOD 8 - AUGUST	 	PERIOD 9 - SEPTEMBER
	06/29/2008 - 08/02/2008	 	08/03/20008 - 08/30/2008	 	08/31/2008 - 9/27/2008
	Sun

	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat

	29

	 	 	30	 	 	 	1	 	 	 	2	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	6	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	31	 	 	 	1	 	 	 	2	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	6	 
	6

	 	 	7	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	12	 	 	 	10	 	 	 	11	 	 	 	12	 	 	 	13	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	12	 	 	 	13	 
	13

	 	 	14	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	20	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	20	 
	20

	 	 	21	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	27	 	 	 	28	 	 	 	29	 	 	 	30	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	27	 
	27

	 	 	28	 	 	 	29	 	 	 	30	 	 	 	31	 	 	 	1	 	 	 	2	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	PERIOD 10 - OCTOBER	 	PERIOD 11 - NOVEMBER	 	PERIOD 12 - DECEMBER
	09/28/2008 - 11/01/2008	 	11/02/2008 - 11/29/2008	 	11/30/2008 - 1/3/2009
	Sun

	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat

	28

	 	 	29	 	 	 	30	 	 	 	1	 	 	 	2	 	 	 	3	 	 	 	4	 	 	 	2	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	6	 	 	 	7	 	 	 	8	 	 	 	30	 	 	 	1	 	 	 	2	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	6	 
	5

	 	 	6	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	12	 	 	 	13	 	 	 	14	 	 	 	15	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	12	 	 	 	13	 
	12

	 	 	13	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	20	 	 	 	21	 	 	 	22	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	20	 
	19

	 	 	20	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	27	 	 	 	28	 	 	 	29	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	27	 
	26

	 	 	27	 	 	 	28	 	 	 	29	 	 	 	30	 	 	 	31	 	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	28	 	 	 	29	 	 	 	30	 	 	 	31	 	 	 	1	 	 	 	2	 	 	 	3	 

LEGEND

	 	 	 
	 

	 	HOLIDAY

 

 

Calendar Year 2009

52 Weeks Ending 01/02/2010

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	PERIOD 1 - JANUARY	 	PERIOD 2 - FEBRUARY	 	PERIOD 3 - MARCH
	1/04/2009 - 02/07/2009	 	02/08/2009 - 03/07/2009	 	03/08/2009 - 04/04/2009
	Sun

	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat

	4

	 	 	5	 	 	 	6	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	12	 	 	 	13	 	 	 	14	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	13	 	 	 	13	 	 	 	14	 
	11

	 	 	12	 	 	 	13	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	20	 	 	 	21	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	20	 	 	 	21	 
	18

	 	 	19	 	 	 	20	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	27	 	 	 	28	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	27	 	 	 	28	 
	25

	 	 	26	 	 	 	27	 	 	 	28	 	 	 	29	 	 	 	30	 	 	 	31	 	 	 	1	 	 	 	2	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	6	 	 	 	7	 	 	 	29	 	 	 	30	 	 	 	31	 	 	 	1	 	 	 	2	 	 	 	3	 	 	 	4	 
	1

	 	 	2	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	6	 	 	 	7	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	PERIOD 4 - APRIL	 	PERIOD 5 - MAY	 	PERIOD 6 - JUNE
	04/05/2009 - 05/09/2009	 	05/10/2009 - 06/06/2009	 	06/07/2009 - 07/04/2009
	Sun

	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Web
	 	Thu
	 	Fri
	 	Sat

	5

	 	 	6	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	10	 	 	 	11	 	 	 	12	 	 	 	13	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	12	 	 	 	13	 
	12

	 	 	13	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	20	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	20	 
	19

	 	 	20	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	27	 	 	 	28	 	 	 	29	 	 	 	30	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	27	 
	26

	 	 	27	 	 	 	28	 	 	 	29	 	 	 	30	 	 	 	1	 	 	 	2	 	 	 	31	 	 	 	1	 	 	 	2	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	6	 	 	 	28	 	 	 	29	 	 	 	30	 	 	 	1	 	 	 	2	 	 	 	3	 	 	 	4	 
	3

	 	 	4	 	 	 	5	 	 	 	6	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	PERIOD 7 - JULY	 	PERIOD 8 - AUGUST	 	PERIOD 9 - SEPTEMBER
	07/05/2009 - 08/08/2009	 	08/09/20009 - 09/05/2009	 	09/06/2009 - 10/03/2009
	Sun

	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat

	5

	 	 	6	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	12	 	 	 	13	 	 	 	14	 	 	 	15	 	 	 	6	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	12	 
	12

	 	 	13	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	20	 	 	 	21	 	 	 	22	 	 	 	13	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	19	 
	19

	 	 	20	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	27	 	 	 	28	 	 	 	29	 	 	 	20	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	26	 
	26

	 	 	27	 	 	 	28	 	 	 	29	 	 	 	30	 	 	 	31	 	 	 	1	 	 	 	30	 	 	 	31	 	 	 	1	 	 	 	2	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	27	 	 	 	28	 	 	 	29	 	 	 	30	 	 	 	1	 	 	 	2	 	 	 	3	 
	2

	 	 	3	 	 	 	4	 	 	 	5	 	 	 	6	 	 	 	7	 	 	 	8	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	PERIOD 10 - OCTOBER	 	PERIOD 11 - NOVEMBER	 	PERIOD 12 - DECEMBER
	10/04/2009 - 11/07/2009	 	11/08/2009 - 12/05/2009	 	12/06/2009 - 01/02/2010
	Sun

	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat

	4

	 	 	5	 	 	 	6	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	12	 	 	 	13	 	 	 	14	 	 	 	6	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	12	 
	11

	 	 	12	 	 	 	13	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	20	 	 	 	21	 	 	 	13	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	19	 
	18

	 	 	19	 	 	 	20	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	27	 	 	 	28	 	 	 	20	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	26	 
	25

	 	 	26	 	 	 	27	 	 	 	28	 	 	 	29	 	 	 	30	 	 	 	31	 	 	 	29	 	 	 	30	 	 	 	1	 	 	 	2	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	27	 	 	 	28	 	 	 	29	 	 	 	30	 	 	 	31	 	 	 	1	 	 	 	2	 
	1

	 	 	2	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	6	 	 	 	7	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

 

Calendar Year 2010

52 Weeks Ending 01/01/2011

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	PERIOD 1 - JANUARY	 	PERIOD 2 - FEBRUARY	 	PERIOD 3 - MARCH
	1/03/2010 - 02/06/2010	 	02/07/2010 - 03/06/2010	 	03/07/2010 - 04/03/2010
	Sun

	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat

	3

	 	 	4	 	 	 	5	 	 	 	6	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	12	 	 	 	13	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	12	 	 	 	13	 
	10

	 	 	11	 	 	 	12	 	 	 	13	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	20	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	20	 
	17

	 	 	18	 	 	 	19	 	 	 	20	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	27	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	27	 
	24

	 	 	25	 	 	 	26	 	 	 	27	 	 	 	28	 	 	 	29	 	 	 	30	 	 	 	28	 	 	 	1	 	 	 	2	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	6	 	 	 	28	 	 	 	29	 	 	 	30	 	 	 	31	 	 	 	1	 	 	 	2	 	 	 	3	 
	31

	 	 	1	 	 	 	2	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	6	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	PERIOD 4 - APRIL	 	PERIOD 5 - MAY	 	PERIOD 6 - JUNE
	04/04/2010 - 05/08/2010	 	05/09/2010 - 06/05/2010	 	06/06/2010 - 07/03/2010
	Sun

	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Web
	 	Thu
	 	Fri
	 	Sat

	4

	 	 	5	 	 	 	6	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	12	 	 	 	13	 	 	 	14	 	 	 	15	 	 	 	6	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	12	 
	11

	 	 	12	 	 	 	13	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	20	 	 	 	21	 	 	 	22	 	 	 	13	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	19	 
	18

	 	 	19	 	 	 	20	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	27	 	 	 	28	 	 	 	29	 	 	 	20	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	26	 
	25

	 	 	26	 	 	 	27	 	 	 	28	 	 	 	29	 	 	 	30	 	 	 	1	 	 	 	30	 	 	 	31	 	 	 	1	 	 	 	2	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	27	 	 	 	28	 	 	 	29	 	 	 	30	 	 	 	1	 	 	 	2	 	 	 	3	 
	2

	 	 	3	 	 	 	4	 	 	 	5	 	 	 	6	 	 	 	7	 	 	 	8	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	PERIOD 7 - JULY	 	PERIOD 8 - AUGUST	 	PERIOD 9 - SEPTEMBER
	07/04/2010 - 08/07/2010	 	08/08/20010 - 09/04/2010	 	09/05/2010 - 10/02/2010
	Sun

	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat

	4

	 	 	5	 	 	 	6	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	12	 	 	 	13	 	 	 	14	 	 	 	5	 	 	 	6	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	11	 
	11

	 	 	12	 	 	 	13	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	20	 	 	 	21	 	 	 	12	 	 	 	13	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	18	 
	18

	 	 	19	 	 	 	20	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	27	 	 	 	28	 	 	 	19	 	 	 	20	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	25	 
	25

	 	 	26	 	 	 	27	 	 	 	28	 	 	 	29	 	 	 	30	 	 	 	31	 	 	 	29	 	 	 	30	 	 	 	31	 	 	 	1	 	 	 	2	 	 	 	3	 	 	 	4	 	 	 	26	 	 	 	27	 	 	 	28	 	 	 	29	 	 	 	30	 	 	 	1	 	 	 	2	 
	1

	 	 	2	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	6	 	 	 	7	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	PERIOD 10 - OCTOBER	 	PERIOD 11 - NOVEMBER	 	PERIOD 12 - DECEMBER
	10/03/20010- 11/06/2010	 	11/07/2010 - 12/04/2010	 	12/05/2010 - 01/01/2011
	Sun

	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat
	 	Sun
	 	Mon
	 	Tue
	 	Wed
	 	Thu
	 	Fri
	 	Sat

	3

	 	 	4	 	 	 	5	 	 	 	6	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	11	 	 	 	12	 	 	 	13	 	 	 	5	 	 	 	6	 	 	 	7	 	 	 	8	 	 	 	9	 	 	 	10	 	 	 	11	 
	10

	 	 	11	 	 	 	12	 	 	 	13	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	18	 	 	 	19	 	 	 	20	 	 	 	12	 	 	 	13	 	 	 	14	 	 	 	15	 	 	 	16	 	 	 	17	 	 	 	18	 
	17

	 	 	18	 	 	 	19	 	 	 	20	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	25	 	 	 	26	 	 	 	27	 	 	 	19	 	 	 	20	 	 	 	21	 	 	 	22	 	 	 	23	 	 	 	24	 	 	 	25	 
	24

	 	 	25	 	 	 	26	 	 	 	27	 	 	 	28	 	 	 	29	 	 	 	30	 	 	 	28	 	 	 	29	 	 	 	30	 	 	 	1	 	 	 	2	 	 	 	3	 	 	 	4	 	 	 	26	 	 	 	27	 	 	 	28	 	 	 	29	 	 	 	30	 	 	 	31	 	 	 	1	 
	31

	 	 	1	 	 	 	2	 	 	 	3	 	 	 	4	 	 	 	5	 	 	 	6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00184-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00184-of-00352.parquet"}]]