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                                                                  Exhibit 10.7

                     CONFIRMATION OF GUARANTY AND AGREEMENT

         Reference is made to that certain Guaranty (the "Guaranty") by the
undersigned of all obligations of The J. Jill Group, Inc. (the "Borrower")
executed on June 24, 2001 to Citizens Bank of Massachusetts ("Citizens"),
individually and as Agent for the benefit of, and on behalf of, all Lenders, as
such term is defined in that certain Fifth Amended and Restated Loan Agreement
among Borrower, Citizens, HSBC Bank USA, and Banknorth, N.A. f/k/a Peoples
Heritage Bank, N.A., successor by merger to Bank of New Hampshire, N.A. dated as
of June 29, 2001, as amended as of August 28, 2001, July 25, 2002, and as the
same may hereafter be amended (collectively, the "Loan Agreement"), a copy of
which Guaranty is annexed hereto. The undersigned hereby confirms to Citizens
individually and as Agent that (i) the Guaranty is valid, binding and
enforceable against the undersigned and the undersigned's successors and assigns
in accordance with its terms and (ii) without limiting the definition of
"Obligations" thereunder, the undersigned remains and is liable to Citizens
individually and as Agent for all "Obligations" as defined in the Guaranty.

         Reference is also made to the Loan Agreement. The undersigned hereby
confirms that any representation, warranty or covenant in said Loan Agreement
made to Citizens individually and as Agent as aforesaid by the Borrower
regarding the undersigned including, without limitation, any representation
about the undersigned or any covenant that Borrower will cause the
undersigned to perform or to refrain from performing any act shall be deemed
to be a direct representation, warranty or covenant to Citizens individually
and as Agent from the undersigned, and said Citizens individually and as
Agent may rely upon the same as if such representation, warranty or covenant
had been made directly to Citizens individually and as Agent from the
undersigned.

         Executed as an instrument under seal this 25th day of July, 2002.

                                          J. JILL DIRECT, INC.

                                          By: /s/ John J. Hayes
                                              --------------------------------
                                              Name: John J. Hayes
                                              Title: President and TreasurerQuickLinks
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Exhibit 10.1 to Form 10-Q
  for the period ending June 29, 2002    
  

2002 Motorola Incentive Plan  

Overview  

        The 2002 Motorola Incentive Plan (the "Plan") has been established to retain employees through competitive rewards, attract premier talent, align individual
efforts with business goals, and reward employees for strong business performance. The term of this Plan is 1 January 2002 through 31 December 2002 (the "Plan Year"). 

Eligibility  

        To be eligible to participate in this Plan, employees must be: 

	•
	Full-time
or part-time Motorola employees;

	•
	In
a Participating Organization and a Participating Group, and on the payroll of a Participating Country; and

	•
	Not
a participant in any other annual group incentive or bonus plan (e.g., sales commission plans, etc.). 

        To
receive an award, eligible employees must fall into one of the following categories: 

	•
	Active
on a Motorola payroll as of the end of the Plan Year;

	•
	On
a leave of absence as of the end of the Plan Year;

	•
	Retired
from Motorola while actively employed during the Plan Year or from a leave of absence; or

	•
	Deceased
during the Plan Year while actively employed or on a leave of absence. 

Award Calculation  

        Awards will be calculated and paid after the close of the year on which the awards are based. The award amount will be based on Eligible Earnings, the Target
Award %, and the Business and Individual Performance Factors, as follows: 

	

Award = Eligible Earnings × Target Award %	 	  Business

×  Performance

  Factor	 	  Individual

×  Performance

  Factor	 	 

        "Eligible
Earnings" is defined below. "Target Award %'s", "Business Performance Factors", and "Individual Performance Factors" as approved by the Compensation Committee. Awards for
transferred or promoted employees will be based on their position as of the end of the Plan Year and will not be prorated based on prior assignments. 

Administration  

	•
	The
Compensation Committee of the Board of Directors has the responsibility for this Plan and may delegate to the MIP Plan Committee (the "Committee") the
authority to manage, administer, amend, and interpret the terms of the Plan. Unless otherwise determined, the Committee will consist of the Senior Human Resources Officer, Senior Compensation Officer,
and other staff members as appropriate.

	•
	Any
claims for payments under the Plan or any other matter relating to the Plan must be presented in writing to the Committee within 60 days after the
event that is the subject of the 

claim.
The Committee will then provide a response within 60 days, which response shall be final and binding. 

General Provisions  

	•
	Awards
are subject to all applicable taxes and other required deductions.

	•
	The
Plan will not be available to employees subject to the laws of any jurisdiction which prohibits any provisions of this Plan or in which tax or other
business considerations make participation impracticable in the judgment of the Committee.

	•
	This
Plan does not constitute a guarantee of employment nor does it restrict Motorola's rights to terminate employment at any time or for any reason

	•
	The
Plan is offered as a gratuitous award at the sole discretion of Motorola. The Plan does not create vested rights of any nature nor does it constitute a
contract of employment or a contract of any other kind. The Plan does not create any customary concession or privilege to which there is any entitlement from year-to-year,
except to the extent required under applicable law. Nothing in the Plan entitles an employee to any remuneration or benefits not set forth in the Plan nor does it restrict Motorola's rights to
increase or decrease the compensation of any employee, except as otherwise required under applicable law.

	•
	The
awards shall not become a part of any employment condition, regular salary, remuneration package, contract or agreement, but shall remain gratuitous in
all respects. Awards are not to be taken into account for determining overtime pay, severance pay, termination pay, pay in lieu of notice, or any other form of pay or compensation.

	•
	This
Plan is provided at Motorola's sole discretion and Motorola may modify or eliminate it at any time, prospectively or retroactively, without notice or
obligation. In addition, there is no obligation to extend or establish a plan in subsequent years.

	•
	The
Plan shall not be pre-funded. Motorola shall not be required to establish any special or separate fund or to make any other segregation of
assets to assure the payment of awards.

	•
	Since
employee retention is an important objective of this Plan and awards do not bear a precise arithmetic relationship to time worked within the calendar
year or length of service with Motorola, employees who resign or are terminated prior to the end of the Plan Year shall not receive a pro rata award.

	•
	Employees
who are separated from employment with Motorola due to divestiture, closure, or dissolution of a business are not eligible to receive an award.

	•
	The
award for an employee who has died prior to the end of the Plan Year while actively employed or on a leave of absence will be paid to the decedent's
estate. 

Definitions  

        Eligible Earnings:    The Committee will determine Eligible Earnings for each country, consistent with their respective legal
and practical requirements. The Committee may determine inclusions and exclusions from Eligible Earnings as it deems appropriate and may vary its determinations by country. 

        Employee:    a person in an employee-employer relationship with the Company whose base wage or base salary is processed for
payment by the Company's Payroll Department(s) and not by any other department of the Company (or by any other company). Exclusions include: 

	•
	Any
independent contractor, consultant, or individual performing services for the Company who has entered into an independent contractor or consultant
agreement;

	•
	Any
individual performing services under an independent contractor or consultant agreement, a purchase order, a supplier agreement or any other agreement
that the Company enters into for services; 

	•
	Any
person classified by the Company as a temporary or contract labor (such as black badges, brown badges, contractors, contract employees, job shoppers)
regardless of the length of service; and

	•
	Any
"leased employee" as defined in Section 414(n) of the U.S. Internal Revenue Code of 1986, as amended. 

        Retired:    This Plan utilizes the definition of "retiree" that appears in the primary retirement plan covering the employee. 

        Profit Before Tax:    Pre-tax profits, calculated according to Motorola's financial standards and measured on an
ongoing basis. 

        Free Cash Flow:    Operating Cash Flow less Capital Expenditures, both calculated according to Motorola's financial standards,
and measured on an as-reported basis. 

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Exhibit 10.1<Page>

                                                                    EXHIBIT 4.1

                         CONSENT OF INDEPENDENT AUDITORS

         We consent to the reference to our firm under the caption
"Experts-Independent Auditors" and to the use of our report dated August 13,
2002 in the Amendment No. 1 to the Registration Statement (Form S-6 No.
333-90982) and related Prospectus of Claymore Securities Defined Portfolios,
Series 128.

                                                          ERNST & YOUNG LLP

Kansas City, Missouri
August 13, 2002

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