Document:

Form of Real Estate Matters Agreement

 Exhibit 10.5 
 FORM OF 
 REAL ESTATE MATTERS AGREEMENT 
 between 
 SARA LEE CORPORATION 
 and 
 HANESBRANDS INC. 

 TABLE OF CONTENTS 
  

					
	 ARTICLE I PROPERTIES
	  	1
	 Section 1.1
	    	 Owned Property
	  	1
	 Section 1.2
	    	 Leased Property
	  	1
	 Section 1.3
	    	 Lease Consents.
	  	2
	 Section 1.4
	    	 Releases.
	  	3
	 Section 1.5
	    	 Temporary Occupancy.
	  	4
	 Section 1.6
	    	 Performance of Leases.
	  	4
	 Section 1.7
	    	 Alternative Sublease
	  	5
	 Section 1.8
	    	 Form Of Transfer
	  	6
	 Section 1.9
	    	 Title to the Properties
	  	6
	 Section 1.10
	    	 Condition of Properties
	  	6
	 Section 1.11
	    	 Lease Termination
	  	6
	 Section 1.12
	    	 Tenant’s Fixtures And Fittings
	  	7
	 Section 1.13
	    	 Lease Extensions
	  	7
	 Section 1.14
	    	 Costs And Expenses
	  	7
	 Section 1.15
	    	 Landlord Estoppel Certificates
	  	8
	 Section 1.16
	    	 Title Insurance.
	  	8
		
	 ARTICLE II INDEMNIFICATION
	  	8
	 Section 2.1
	    	 Notice Of Default Under The Guaranteed Leases; Indemnification And Reimbursement.
	  	8
	 Section 2.2
	    	 Termination Of Assignment Upon Breach Or Event Of Default
	  	10
	 Section 2.3
	    	 No Obligation To Pay Rent
	  	11
		
	 ARTICLE III COVENANTS
	  	12
	 Section 3.1
	    	 Merger.
	  	12
	 Section 3.2
	    	 Security Interests
	  	12
	 Section 3.3
	    	 Sharing Of Information
	  	13
	 Section 3.4
	    	 Limitation On Assignment
	  	13
	 Section 3.5
	    	 Further Assurances
	  	13
		
	 ARTICLE IV MISCELLANEOUS
	  	14
	 Section 4.1
	    	 Entire Agreement; Incorporation Of Schedules And Exhibits
	  	14
	 Section 4.2
	    	 Amendments And Waivers
	  	14
	 Section 4.3
	    	 No Implied Waivers; Cumulative Remedies; Writing Required
	  	14
	 Section 4.4
	    	 Parties In Interest
	  	14
	 Section 4.5
	    	 Assignment; Binding Agreement
	  	14
	 Section 4.6
	    	 Notices
	  	15
	 Section 4.7
	    	 Severability
	  	15
	 Section 4.8
	    	 Governing Law
	  	15
	 Section 4.9
	    	 Submission To Jurisdiction
	  	15
	 Section 4.10
	    	 Waiver Of Jury Trial
	  	16
	 Section 4.11
	    	 Amicable Resolution
	  	16
	 Section 4.12
	    	 Arbitration
	  	16

  

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	 Section 4.13
	    	 Construction
	  	16
	 Section 4.14
	    	 Counterparts
	  	17
	 Section 4.15
	    	 Limitation On Damages
	  	17
	 Section 4.16
	    	 Delivery By Facsimile Or Other Electronic Means
	  	17
	 Section 4.17
	    	 Time of Essence
	  	17
		
	 ARTICLE V DEFINITIONS
	  	17
		
	SCHEDULES	  	
			
	 Schedule 1.1
	    	 Owned Properties
	  	
	 Schedule 1.2
	    	 Leased Properties
	  	
		
	EXHIBITS	  	
			
	 Exhibit A
	    	 Form Conveyance for Owned Properties
	  	
	 Exhibit B
	    	 Form Assignment for Leased Properties
	  	

  

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 Exhibit 10.5 
 REAL ESTATE MATTERS AGREEMENT 
 This Real Estate Matters Agreement (this “Agreement”) is
dated as of                     , 2006 between Sara Lee Corporation, a Maryland corporation (“Sara Lee”), and Hanesbrands
Inc., a Maryland corporation (“HBI”). 
 Capitalized terms used herein and not otherwise defined herein shall have the
meanings ascribed to such terms in Article V hereof. 
 RECITALS 
 WHEREAS, the board of directors of Sara Lee has determined that it is appropriate and desirable to separate Sara Lee’s Branded Apparel Business from
its other businesses; 
 WHEREAS, in order to effectuate the foregoing, Sara Lee and HBI have entered into a Master Separation Agreement
dated as of [                    ], 2006 (as amended, modified and/or restated from time to time, the “Separation
Agreement”), which provides, among other things, subject to the terms and conditions set forth therein, for the Separation and the Distribution, and for the execution and delivery of certain other agreements in order to facilitate and
provide for the foregoing; and 
 WHEREAS the Parties desire to set forth certain agreements regarding the real estate associated with the
Branded Apparel Business as described herein; 
 NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants
contained herein, and subject to and on the terms and conditions herein set forth, the Parties hereby agree as follows: 
 ARTICLE I

 PROPERTIES 
 Section 1.1 Owned Property. Sara Lee shall convey or otherwise transfer to HBI or its designated Subsidiary, or cause its designated Subsidiary to convey or otherwise transfer to HBI or its designated Subsidiary, and HBI shall
accept, or cause its applicable Subsidiary to accept, all of Sara Lee’s or its Subsidiary’s rights, title and interests in and to the Owned Properties, subject to the other provisions of this Agreement and (to the extent not inconsistent
with the provisions of this Agreement) the terms of the Separation Agreement and the other Ancillary Agreements. The parties shall use reasonable best efforts to effect such conveyance or transfer upon the Separation Date or as soon thereafter as
practicable. The foregoing provisions in this Section 1.1 contemplate that Owned Properties in the name of a Subsidiary of Sara Lee (or its predecessor), the stock of which is to be contributed to HBI or its designated Subsidiary, shall not be
conveyed under this Section 1.1. 
 Section 1.2 Leased Property. Sara Lee shall assign or otherwise transfer to HBI or its
designated Subsidiary, or cause its applicable Subsidiary to assign or otherwise transfer to HBI or its designated Subsidiary, and HBI shall accept and assume, or cause its designated Subsidiary to accept and assume, all of Sara Lee’s or its
Subsidiary’s rights, title, interests in and to, and 
  

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 obligations under, the Leases (including thereunder, any right, title and interest in and to any security deposits and
related interest posted in accordance with such Leases), subject to the other provisions of this Agreement and (to the extent not inconsistent with the provisions of this Agreement) the terms of the Separation Agreement and the other Ancillary
Agreements. Such assignment or transfer shall be completed on the later of: (i) the Separation Date and (ii) the fifth business day after the relevant Lease Consent has been granted (or such earlier date as is mutually agreed upon by Sara
Lee and HBI). The foregoing provisions of this Section 1.2 contemplate that Sara Lee or a Subsidiary of Sara
Lee (the stock of which is not being contributed to HBI) is the lessee or that a “change in control” or similar provision appears in a Lease in which a Subsidiary of Sara Lee (or its predecessor), the stock of which is to be contributed to
HBI, is the lessee. Leases that do not contain such a provision which are in the name of a Subsidiary of Sara Lee (or its predecessor), the stock of which is to be contributed to HBI, shall not be assigned or transferred under this Section 1.2.

 Section 1.3 Lease Consents. 
 (a) HBI confirms that it or Sara Lee Branded Apparel has, before the Separation Date, applied for the Lease Consents on Sara Lee’s behalf by written notice to the Landlord with respect to each Lease Requiring
Consent and provided or plans to provide any notice required to be delivered under each Lease Requiring Notice. Such request shall request Landlord’s consent with respect to: (i) the requested assignment of the Lease to HBI or its
applicable Subsidiary, and (ii) the possible re-entry, re-assignment and surrender of such Leased Property to Sara Lee pursuant to Sections 2.1 and 2.2 of this Agreement (in each case to the extent applicable). 
 (b) HBI shall use its reasonable best efforts to obtain the Lease Consents required by each Lease Requiring Consent. Sara Lee shall cooperate as
reasonably requested by HBI and at HBI’s sole expense to obtain the Lease Consents; provided, however, that Sara Lee shall not be required to commence or pursue any Action (whether to obtain a declaration that a Lease Consent has
been improperly withheld or delayed or for any other purpose), nor shall Sara Lee be required to pay any consideration or otherwise offer or grant any accommodation (financial or otherwise), to obtain any Lease Consent. Neither Sara Lee nor any of
its Subsidiaries shall have any liability to HBI or any of its Subsidiaries arising out of, or relating to, the failure to obtain any Lease Consents or any default, loss of any rights or acceleration of any obligations under, or any termination of,
any Lease Requiring Consent as a result of any failure to obtain any Lease Consents. If and to the extent that a Lease Requiring Consent provides the applicable Landlord the opportunity to recapture all or a portion of a leased premises due to
request for a Lease Consent and such Lease Requiring Consent permits a request to be withdrawn (or words of similar import) upon such Landlord’s election so to recapture, then Sara Lee shall use reasonable best efforts to exercise such right to
withdraw a request for Lease Consent at the request of HBI. 
  

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 (c) HBI shall use its reasonable best efforts to satisfy promptly, or cause its applicable Subsidiaries
to use its reasonable best efforts to satisfy promptly, all of the requirements set forth in each Lease Requiring Consent and any other lawful and reasonable requirements of the Landlord in obtaining the Lease Consents, including, without
limitation: 
 (i) if required by any Landlord with respect to any Lease Requiring Consent, entering into an agreement with
such Landlord to assume, observe and perform the tenant’s obligations under such Lease Requiring Consent during the remainder of the term of such Lease Requiring Consent; and 
 (ii) if reasonably required by any such Landlord, providing, or causing another Person (other than Sara Lee or any other member of the
Sara Lee Group) to provide, a guarantee, surety, letter of credit, security deposit or other security for the obligations of HBI or its applicable Subsidiary as tenant under any Lease Requiring Consent. 
 Section 1.4 Releases. 
 (a) HBI shall
use its reasonable best efforts to obtain a Release from each Landlord with respect to each Lease and to satisfy promptly, or cause its designated Subsidiaries to use their reasonable best efforts to satisfy promptly, all of the lawful and
reasonable requirements of each Landlord in obtaining each Release, including, without limitation: 
 (i) if required by the
Landlord with respect to any Lease, entering into an agreement with such Landlord to assume, observe and perform the tenant’s obligations under such Lease during the remainder of the term of such Lease; and 
 (ii) if reasonably required by any the Landlord with respect to any Lease, providing, or causing another Person (other than Sara Lee or
any other member of the Sara Lee Group) to provide, a guarantee, surety, letter of credit, security deposit or other security for the obligations of HBI or its applicable Subsidiary as tenant under such Lease. 
 (b) Sara Lee shall cooperate, reasonably and at HBI’s sole expense, with HBI’s efforts to obtain each Release; provided, however,
that Sara Lee shall not be required to commence or pursue any Action, nor shall Sara Lee be required to pay any consideration or incur any cost or otherwise offer or grant any accommodation (financial or otherwise), to obtain any Release.

 (c) To the extent that HBI does not obtain a Release from each Landlord with respect to any Lease, HBI shall indemnify, defend, protect
and hold harmless the Sara Lee Indemnitees from and against, and shall reimburse each Sara Lee Indemnitee for, all Losses incurred by any Sara Lee Indemnitee and occurring or accruing after the Separation Date as a result of (i) all Obligations
or the failure by HBI or any of its Subsidiaries to pay, perform, observe and discharge all Obligations or (ii) HBI’s or its applicable Subsidiary’s use or occupancy of the respective Leased Properties under each such Lease, including
without limitation HBI’s or such Subsidiary’s use or occupancy of any Leased Property under Section 1.5 of this Agreement. 
  

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 Section 1.5 Temporary Occupancy. 
 In the event that the Actual Closing for any Leased Property does not occur on or before the Separation Date, Sara Lee and HBI shall use their respective
reasonable best efforts to allow HBI to occupy such Leased Property upon the terms and conditions contained in the relevant Lease and until the Actual Closing for such Leased Property; provided, however, that if an enforcement action or forfeiture
by the relevant Landlord due to HBI’s or its applicable Subsidiary’s occupation of such Leased Property constituting a breach of a Relevant Lease cannot, in the reasonable opinion of Sara Lee, be avoided other than by requiring HBI or its
applicable Subsidiary to promptly vacate the relevant Leased Property, Sara Lee may by notice to HBI promptly require HBI or its applicable Subsidiary to vacate the relevant Leased Property on not less than ten (10) days prior written notice.
HBI will be responsible for all Losses incurred by Sara Lee or any of its Subsidiaries as a consequence of such occupation. Neither HBI nor its applicable Subsidiary shall be entitled to make any claim or demand against, or obtain reimbursement
from, Sara Lee or any of its Subsidiaries with respect to any Losses incurred by HBI or its applicable Subsidiary as a consequence of being obliged to vacate the Leased Property or in obtaining alternative premises, including, without limitation,
any Action or forfeiture which a Landlord may take against HBI or its applicable Subsidiary. 
 Section 1.6 Performance of
Leases. 
 (a) Whether or not (i) the Actual Closing with respect to any Leased Property has occurred or (ii) HBI or its
applicable Subsidiary occupies any Leased Property under Section 1.5 above as of the Separation Date, HBI shall, effective as of the Separation Date, pay, perform, observe and discharge promptly when due, or cause its applicable
Subsidiary to pay, perform, observe and discharge promptly when due, all Obligations under the Lease of such Leased Property; provided, however, that if, prior to an Actual Closing, a Landlord refuses to accept direct payment, performance,
observation or other discharge of Obligations by HBI, then Sara Lee at HBI’s request shall make such payment, performance, observation or otherwise discharge such Obligations until such Actual Closing, subject to Sara Lee’s receipt of
payment from HBI of all rent and other amounts payable under the applicable Lease prior to payment by Sara Lee to the Landlord. 
 (b) Upon
(i) the Actual Closing with respect to any Guaranteed Property or (ii) the commencement of HBI’s or its applicable Subsidiary’s occupancy of any Leased Property under Section 1.5 of this Agreement or sublease of any
Leased Property under Section 1.7 of this Agreement, HBI and each of its applicable Subsidiaries shall obtain and maintain all insurance, in such amounts and with such coverage, terms and conditions, as the tenant is required to maintain
under each such Lease; provided, however, if, prior to an Actual Closing, a Landlord refuses to accept HBI’s performance of the insurance requirements of any Lease or HBI’s insurer does not recognize an insurable interest on behalf of HBI,
then Sara Lee at HBI’s request shall use reasonable best efforts to obtain and maintain insurance policies until such Actual Closing, in such amounts and with such coverage, terms and conditions, as the tenant is required to maintain under such
Lease, subject to (i) Sara Lee’s receipt of payment from HBI of all premiums and other amounts owing with respect to such policies prior to payment by Sara Lee to the carriers and (ii) indemnification from HBI against any Losses which
any Sara Lee Indemnitee may suffer under or in connection with such arrangements. HBI and each of its applicable Subsidiaries shall 
  

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 maintain such insurance for so long as Sara Lee retains any Obligations with regard to the Properties or Leases subject
to such insurance. Each of Sara Lee and HBI (each, an “Obtaining Party”) shall, when obtaining insurance pursuant to this Agreement, use reasonable best efforts to provide that coverage under such insurance shall not expire or be
terminated or materially modified without such insurer endeavoring to provide written notice to the other party at least 30 days in advance of such expiration, termination or modification. All policies of commercial general liability insurance
obtained by an Obtaining Party (or any Subsidiary of such Obtaining Party) shall designate the other party and, as applicable, the other members of the Sara Lee Group or the appropriate Subsidiary of HBI, as additional insureds. On or before each
such Actual Closing or the commence of any such occupancy or sublease, and thereafter at least 30 days before the expiration of any such insurance or within ten days after receiving a written request from the other party, the Obtaining Party shall
deliver certificates from the issuers of all such insurance evidencing full compliance with this Section 1.6(b), together with evidence of the payment of any premiums due on account of such insurance. 
 (c) Sara Lee shall use reasonable best efforts to promptly deliver to HBI copies of all invoices, demands, notices and other communications received by
Sara Lee or its applicable Subsidiary or agents in connection with any of the Leased Properties or the Leases and shall, at HBI’s cost and upon HBI’s reasonable request, use reasonable best efforts to give notices and otherwise communicate
on behalf of HBI or its applicable Subsidiary with respect to matters relating to any Lease or Leased Property. HBI shall use reasonable best efforts to promptly deliver to Sara Lee copies of all demands, notices and other communications received by
HBI or its applicable Subsidiary or agents that allege any breach or default of any Lease, which breach or default could reasonably be expected to result in Sara Lee or any of its Subsidiaries incurring any Liabilities under such Lease or relating
to the applicable Leased Property. 
 Section 1.7 Alternative Sublease. If, at any time the relevant Lease Consent is expressly
refused, and provided HBI has otherwise discharged its obligations under Section 1.3 with regards to obtaining such Lease Consent, Sara Lee may, in its reasonable discretion, by written notice to HBI, elect to sublease all of the
relevant Leased Property utilized by HBI or its applicable Subsidiary to HBI or such Subsidiary for the remainder of the term of the Lease (or, if required by Landlord, for a period equal to substantially all of the remainder of the term of such
Lease). If Sara Lee makes such an election, Sara Lee shall apply to the relevant Landlord for the Lease Consent with respect to such sublease, and, on the grant of such Lease Consent, Sara Lee shall sublease or cause its applicable Subsidiary to
sublease to HBI or its applicable Subsidiary the relevant Leased Property for the remainder of the term of the Lease Requiring Consent, at a rent equal to the rent from time to time under the Lease Requiring Consent, but otherwise on substantially
the same terms and conditions as the Lease Requiring Consent, except to the extent inconsistent with this Agreement and except that Sara Lee shall have no obligation to perform any obligations of such Landlord under such Lease. The sublease shall
provide that (i) Sara Lee shall use reasonable best efforts to enforce such Lease for the benefit of HBI, at HBI’s sole cost and expense, (ii) Sara Lee shall not terminate or otherwise amend such Lease so as to materially adversely
affect such subleased premises or HBI’s rights thereunder; and (iii) subject to Section 1.13 of this Agreement, Sara Lee shall exercise such Lease rights as may be reasonably requested by HBI from time to time, at HBI’s sole cost
and expense and subject to indemnification from HBI against any Losses any Sara Lee Indemnitee may suffer in connection therewith. 
  

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 Section 1.8 Form Of Transfer. Sara Lee or its applicable Subsidiary shall make the conveyance
or transfer of the Owned Property in accordance Section 1.1 of this Agreement using one or more instruments substantially in the form attached to this Agreement as Exhibit A and shall make the assignment or transfer of the
Leased Property in accordance Section 1.2 of this Agreement using one or more instruments substantially in the form attached to this Agreement as Exhibit B (or, if any Landlord so requires, in the form of assignment
reasonably proposed by the relevant Landlord), in each case with such modifications as are necessary to conform to local requirements, customs and practices to the extent necessary to render such form effective and, if requested by HBI, recordable.

 Section 1.9 Title to the Properties. Sara Lee makes no representations or warranties, express or implied, with respect to the
quality or condition of, or any encumbrances on, the title to the Properties, and HBI or its applicable Subsidiary shall accept the rights, title and interests of Sara Lee or its applicable Subsidiary in and to each Owned Property and each Lease,
subject to any defects in the quality or condition of such title and any easements, covenants, conditions, restrictions, reservations and other matters affecting, encumbering or relating to each Property. 
 Section 1.10 Condition of Properties. Sara Lee makes no representations or warranties, express or implied, with respect to the condition of
the Properties, and HBI or its applicable Subsidiary shall accept each Property in such condition and state of repair as exists on the Separation Date, with respect to the Owned Properties, and on the Actual Closing Date, with respect to the Leased
Properties, with all faults, limitations and defects (latent and apparent), without any representations or warranties, express or implied, as to its quality, merchantability or its fitness for any intended use or particular purpose. HBI, for itself
and on behalf of its Subsidiaries, acknowledges that it has had the opportunity to inspect the Properties to its full satisfaction and is familiar with the Properties. The Parties obligations under this Agreement are not conditioned upon the
Properties being in any particular condition, and, any damage from condemnation or any fire or other casualty or any other change in the condition of any Property notwithstanding, Sara Lee shall make, or cause its applicable Subsidiary to make, the
conveyances, assignments and transfers under Sections 1.1 and 1.2 of this Agreement, and HBI shall accept, or cause its applicable Subsidiary to accept, all such conveyances, assignments and transfers; provided, however, in the event
of any such damage from condemnation or fire or other casualty before the Separation Date, with respect to the Owned Properties, or the Actual Closing, with respect to the Leased Properties, Sara Lee or its applicable Subsidiary shall confer with
HBI regarding, and use reasonable best efforts to pursue and assign to HBI or its applicable Subsidiary, all rights and interests of Sara Lee or its applicable Subsidiary in and to any proceeds of insurance arising from such fire or casualty or
proceeds arising from any condemnation proceeding at the time of the conveyance, assignment or transfer for the relevant Property. To the extent that there is any damage from condemnation or any fire or other casualty to any Leased Property prior to
the Actual Closing, Sara Lee shall consult with HBI prior to the exercise of any right set forth in the respective Lease with respect to such an event. 
 Section 1.11 Lease Termination. If any Lease expires or is terminated prior to the Separation Date, (a) Sara Lee or its applicable Subsidiary shall not be required to assign or 
  

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 transfer such Lease, (b) HBI or its applicable Subsidiary shall not be required to accept an assignment or transfer
of such Lease or a sublease of the Leased Property relating to such Lease, and (c) neither Party shall have any further obligations with respect to such Lease or Leased Property under this Agreement. 
 Section 1.12 Tenant’s Fixtures And Fittings. The Separation Agreement and the other Ancillary Agreements shall govern the ownership, and
the transfer of ownership, of any trade fixtures and personal property located at each Property. 
 Section 1.13 Lease
Extensions. 
 (a) HBI shall not enter into, and shall not permit its applicable Subsidiaries to enter into, any agreement renewing any
Guaranteed Lease or extending the term of any Guaranteed Lease unless Sara Lee is released from all Obligations, including any guaranty, surety and other security relating to such Guaranteed Lease. If HBI or its Subsidiary wishes to remain in any
Guaranteed Property after the expiration of the current term of any Guaranteed Lease, HBI shall enter into, or cause its applicable Subsidiary to enter into, a new lease of such Guaranteed Property under which neither Sara Lee nor any of its
Subsidiaries shall have any Liabilities. If any Guaranteed Lease provides (a) a right or option to renew such Guaranteed Lease or extend the term of such Guaranteed Lease that the tenant under such Guaranteed Lease may exercise with respect to
such Guaranteed Lease or (b) that such Guaranteed Lease shall renew or the term of such Guaranteed Lease shall be extended automatically if the tenant under such Guaranteed Lease fails to take an action to prevent such automatic renewal or
extension, then, HBI shall not exercise, and shall not permit its applicable Subsidiary to exercise, such right or option to renew such Guaranteed Lease or extend the term of such Guaranteed Lease, and HBI shall take such action, or shall cause its
applicable Subsidiary to take such action, as is necessary to prevent the automatic renewal of such Guaranteed Lease or the automatic extension of the term of such Guaranteed Lease. Neither Sara Lee nor any of its Subsidiaries shall have any
Liabilities under (i) any Lease that expires or is subject to renewal on or after the Separation Date, or (ii) any new lease executed in connection with the Branded Apparel Business on or after the Separation Date. 
 (b) Notwithstanding the proceeding provisions of this Section 1.13, if HBI desires to exercise a renewal or extension right in a Guaranteed Lease,
then HBI may exercise such renewal or extension right upon posting a bond, Letter of Credit, or other security (in each case on terms and in amounts which are reasonably acceptable to Sara Lee) to fully indemnify Sara Lee’s Obligations during
any such extension term. HBI shall post any such bond, Letter of Credit or other security not less than ten (10) business days prior to HBI’s exercise of such renewal or extension right. 
 Section 1.14 Costs And Expenses. HBI shall pay all out-of-pocket costs and expenses incurred in connection with obtaining the Lease Consents
and the Releases by each Landlord, including, without limitation, any fee charge by any Landlord for any Lease Consent and any attorneys’ fees and any costs and expenses relating to re-negotiation or renewal of any Lease. HBI shall also pay all
out-of-pocket costs and expenses payable in connection with the conveyance or transfer of the Owned Properties and the assignment or transfer of the Leases, including, without limitation, title insurance premiums, escrow fees, recording fees and any
transfer taxes. 
  

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 Section 1.15 Landlord Estoppel Certificates. Sara Lee will use its reasonable best efforts to
provide estoppel certificates to landlords under the Guaranteed Leases, subject to the receipt of factual representations from HBI in form and substance reasonably satisfactory to Sara Lee (and subject to receipt of an acknowledgement from HBI that
it will be solely responsible for, and will hold Sara Lee harmless against, any Liabilities which may arise from such estoppel certificate or the matters covered thereby). 
 Section 1.16 Title Insurance. At the request of HBI (and at HBI’s sole cost and expense), Sara Lee shall use its reasonable best efforts
to obtain endorsements to existing title insurance policies held by the Sara Lee Group providing for the transfer of such policies to HBI or its designated Subsidiaries. HBI may, at its own cost and expense, elect to obtain title insurance policies
and/or surveys with respect to any or all of the Owned Properties. 
 ARTICLE II 
 INDEMNIFICATION 
 Section 2.1
Notice Of Default Under The Guaranteed Leases; Indemnification And Reimbursement. 
 (a) HBI shall provide Sara Lee with a copy of any
written notice of default, notice of alleged default or other notice that HBI or any of its Subsidiaries receives from a Landlord or a lender with respect to any Lease that may result in an event of default, which copy shall be given to Sara Lee as
soon as practicable and in any event no later than five (5) business days after HBI’s or any of its Subsidiaries’ receipt of any such notice. Sara Lee shall provide HBI with a copy of any written notice of default, notice of alleged
default or other notice that Sara Lee or any member of the Sara Lee Group receives from a Landlord with respect to any Lease, which copy shall be given to HBI as soon as practicable and in any event no later than five (5) business days after
Sara Lee’s or any of the Sara Lee Group members’ receipt of any such notice. 
 (b) HBI shall deliver to Sara Lee, as soon as
practicable and in any event no later than five (5) business days after HBI’s or any of its Subsidiaries’ receipt of any notice described in Section 2.1(a) hereof, a statement from HBI concerning HBI’s intentions with
respect to said default or alleged default. Sara Lee shall reasonably cooperate with any attempt by HBI pursuant to this Section 2.1(b) to cure or contest a default or alleged default. 
 (i) If HBI indicates an intent to contest said default or alleged default, then HBI shall engage legal counsel reasonably acceptable to
Sara Lee and shall diligently pursue such contest; provided, however, if Sara Lee reasonably believes that HBI is not likely to prevail in such contest and Sara Lee reasonably believes that Sara Lee or any member of the Sara Lee Group will suffer
adverse consequences as a result of such default or alleged default if it is not cured promptly, then, in any such event, Sara Lee may (in its sole and absolute discretion and without any obligation to do so) give 

  

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HBI written notice of Sara Lee’s intention to cure the default of alleged default under such Guaranteed Lease, and the parties shall be thereafter be
governed by Section 2.1(b)(iii). 
 (ii) If HBI indicates its intent to cure such default or alleged default, HBI shall
cure said default or alleged default within the time period set forth in the applicable Guaranteed Lease, or if said default or alleged default is of a character which does not permit the curing of said default or alleged default within the time
period set forth in the applicable Guaranteed Lease, HBI shall eliminate, cure, obtain a waiver or otherwise constructively address such default or alleged default and proceed diligently with respect to said default or alleged default until cured,
waived or eliminated, but, in any event, in the manner required under the terms and conditions of the applicable Guaranteed Lease. So long as HBI is working diligently to cure such default or alleged default in accordance with the foregoing, Sara
Lee shall refrain from taking actions to cure such default or alleged default and shall cooperate as reasonably requested by HBI with respect to curing such default or alleged default or settling such dispute with the applicable Landlord;
provided, however, if HBI (1) provides written notice to Sara Lee of its intention not to cure said default or alleged default, (2) fails to send any notice of its intentions, or (3) fails to cure a default or alleged
default in accordance with its previous notice to Sara Lee, or if Sara Lee reasonably believes that Sara Lee or any member of the Sara Lee Group will suffer adverse consequences as a result of such default or alleged default if it is not cured
promptly, then, in any such event, Sara Lee may (in its sole and absolute discretion and without any obligation to do so) give HBI written notice of Sara Lee’s intention to cure the default or alleged default under such Guaranteed Lease and the
parties shall be thereafter be governed by Section 2.1(b)(iii). 
 (iii) If HBI has not cured such default or alleged
default within five (5) days after HBI’s receipt of Sara Lee’s written notice to HBI pursuant to the final sentences of Sections 2.1(b)(i) or 2.1(b)(ii) (or, if such default or alleged default cannot be cured within such five
(5) day period, HBI has not commenced to cure and continued to diligently pursue such cure to completion within the grace or cure periods provided under, and otherwise in accordance with the terms of the applicable Guaranteed Lease), then,
regardless of any stated intention of HBI, Sara Lee may (in its sole and absolute discretion and without any obligation to do so) cure such default or alleged default on behalf of HBI at HBI’s sole cost and expense, and HBI, for itself and on
behalf of each of its Subsidiaries, hereby grants to Sara Lee a license to enter upon any Leased Property for the purpose of effecting such cure, subject to the provisions of such Guaranteed Lease. 
 (iv) If Sara Lee or any member of the Sara Lee Group incurs any Losses as a result of a default or alleged default under any Guaranteed
Lease by HBI or any of its Subsidiaries, and if HBI does not pay to Sara Lee the full amount of such Losses promptly after receipt of notice of such Losses from Sara Lee, Sara Lee shall be entitled to exercise any and all remedies available to it
under this Agreement or under any other agreement between the parties, at law or in equity. 
 (c) HBI, for itself and as agent for each of
its Subsidiaries, hereby agrees to indemnify, defend (or, where applicable, pay the costs of defense for) and hold harmless the Sara 
  

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 Lee Indemnitees from and against, and shall reimburse such Sara Lee Indemnitees for, all Losses incurred by the Sara Lee
Indemnitees by reason of (i) the incurrence by any Sara Lee Indemnitees of reasonable out-of-pocket costs of enforcement (excluding any internal administrative costs of such Sara Lee Indemnitees) of any terms, covenants or agreements contained
in this Agreement, (ii) any and all payments or performance required of any of the Sara Lee Indemnitees with respect to any Obligation, and (iii) any breach or default by HBI or any of its Subsidiaries under any Guaranteed Lease. If any
Sara Lee Indemnitee incurs any such Losses, HBI shall reimburse Sara Lee for the full amount thereof, within ten (10) days after receiving a written demand for such Losses from Sara Lee; provided that each demand for reimbursement by Sara Lee
shall be accompanied by copies of supporting invoices and copies of paid receipts, cancelled checks or other reasonable proof of payment or incurrence of liability by Sara Lee, to the extent available. In the event that, with the consent of Sara
Lee, HBI assumes the defense of any Sara Lee Indemnitee with respect to any Action arising out of any matter from and against which HBI is obligated to indemnify, defend and hold harmless such Sara Lee Indemnitee under this
Section 2.1(c), such defense shall include the employment of counsel reasonably satisfactory to HBI and Sara Lee and the payment by HBI of all of such counsel’s fees and expenses. Sara Lee shall not be liable for the payment of any
settlement of any such Action effected by HBI without the written consent of Sara Lee. HBI shall not, without the prior written consent of Sara Lee (not to be unreasonably withheld or delayed), effect any settlement of any Action in respect of which
any Sara Lee Indemnitee is a party and from and against which HBI is obligated to indemnify, defend and hold harmless such Sara Lee Indemnitee under this Section 2.1(c), unless such settlement is paid, in the first instance, by HBI and
includes an unconditional release of all Sara Lee Indemnitees from all liability on all claims that are the subject matter of such Action. Sara Lee agrees to cooperate with HBI’s defense of any such Action, as reasonably requested by HBI.

 Section 2.2 Termination Of Assignment Upon Breach Or Event Of Default. If a breach or default occurs under any of the
Guaranteed Leases and such breach or default remains uncured after any applicable notice and cure period, then Sara Lee, at its election, shall have the following non-exclusive remedies: 
 (a) Sara Lee shall be entitled to all of the rights and remedies which Sara Lee may have under this Agreement or any other Contract or at law or in
equity; 
 (b) Sara Lee shall have the right to terminate the assignment to HBI or its applicable Subsidiary of Sara Lee’s or its
applicable Subsidiary’s right, title and interest in and to the Guaranteed Lease with respect to which there exists a default following any notice and cure period provided for in such Guaranteed Lease, which right Sara Lee shall exercise by
written notice to HBI. Provided that the Landlord consented in the Landlord’s Consent to the re-assignment of the Guaranteed Lease to Sara Lee or such Lease is not a Lease Requiring Consent, upon receiving such notice from Sara Lee, such
assignment shall be of no further force and effect; and HBI shall assign or otherwise transfer, or cause its applicable Subsidiary to assign or otherwise transfer, to Sara Lee all of HBI or such Subsidiary’s right, title and interest in and to
such Guaranteed Lease and any related improvements and fixtures (but excluding any furnishings, trade fixtures and business equipment) used in connection with the Leased Property demised under such Guaranteed Lease (collectively, the
“Related Property”). If a Landlord did not consent in the Landlord’s Consent to the re-assignment of the Guaranteed Lease to Sara Lee 
  

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 and such Guaranteed Lease is a Lease Requiring Consent, then Sara Lee may seek Landlord’s consent to re-assignment
of the Lease to Sara Lee at HBI’s sole cost and expense, and, upon the receipt of such consent, HBI (or its Subsidiary) shall perform such assignment and transfer called for in the preceding sentence. 
 (c) If Sara Lee exercises its right to terminate the assignment to HBI of any Guaranteed Lease, Sara Lee shall have the immediate right to possession and
use of the Leased Property with respect to which such breach or event of default exists and any Related Property associated with such Leased Property, and, upon receiving the notice of termination of such Guaranteed Lease from Sara Lee, HBI shall
quit and vacate, or shall cause its applicable Subsidiary and all other tenants and occupants of such Leased Property, to quit and vacate such Leased Property in accordance with the requirements of such Guaranteed Lease, broom clean, with all
rubbish, debris and personal property belonging to HBI or such Subsidiary, tenant or occupant (other than the Related Property) having been removed. If HBI or any such Subsidiary, tenant or occupant shall fail to quit and vacate such Leased Property
after receipt of such notice of termination in accordance with the requirements of the Guaranteed Lease, Sara Lee shall have all rights and remedies available at law and in equity to evict HBI, or such Subsidiary, tenant or occupant from such Leased
Premises. 
 (d) HBI, for itself and as agent for each of its Subsidiaries, hereby irrevocably constitutes and appoints Sara Lee its true and
lawful attorney-in-fact for the purpose of carrying out the terms and provisions of this Agreement after a breach or default under this Agreement or under any Lease (which continues after the giving of any notice and the expiration of any cure
period provided under such Lease), in HBI’s or such Subsidiary’s name and stead, (i) to secure and maintain the use and possession of any Leased Properties with respect to which any breach or event of default exists under any
Guaranteed Lease and any Related Property; (ii) to take any and all actions which Sara Lee reasonably deems necessary to protect, maintain and secure its interest in any such Leased Property and Related Property; and (iii) to put and
substitute one or more agents, attorney or attorneys-in-fact for HBI or any such Subsidiary to do, execute, perform and finish for HBI or such Subsidiary those matters which shall be reasonably necessary or advisable, or which HBI’s agent,
attorney-in-fact or its substitute shall deem reasonably necessary or advisable, with respect to such Leased Property or Related Property, including, without limitation, executing on behalf of HBI any instrument deemed necessary or advisable by Sara
Lee to evidence the termination of the previous assignment, and the assignment of HBI’s or its Subsidiary’s rights, title and interests in and to such Guaranteed Lease under this Section 2.2, as thoroughly, amply and fully as
HBI could do personally. All such powers of attorney shall be deemed coupled with an interest and shall be irrevocable. 
 Section 2.3
No Obligation To Pay Rent. Nothing in this Agreement, the instruments assigning the Guaranteed Leases to HBI or its applicable Subsidiary, or any other agreement between HBI and Sara Lee creates any obligation on the part of Sara Lee to pay
any amounts due or owing under any of the Guaranteed Leases. 
  

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 ARTICLE III 
 COVENANTS 
 Section 3.1 Merger. 
 (a) As long as the Guaranteed Rent exceeds $[            ], HBI shall not
consolidate with or merge into any Person or permit any Person to consolidate with or merge into HBI (or enter into any transaction involving or related to an acquisition of a controlling interest in HBI or a sale of all or substantially all of
HBI’s assets on a consolidated basis) (in each case, a “Transaction”) unless: 
 (i) the surviving
Person of such Transaction (the “Surviving Person”) (A) is rated at least [            ] by Standard & Poor’s or at least
[            ] by Moody’s Investors Services, and (B) the Surviving Person assumes in writing all of HBI’s obligations under this Agreement and the Letter of
Credit; or 
 (ii) HBI obtains Sara Lee’s prior written consent, not to be unreasonably withheld, and (A) the
Surviving Person’s ratio of [EBITDAR to Fixed Charges immediately after such Transaction is greater than             ] (calculated on a pro forma combined basis taking
into account the Transaction in question), (B) the Surviving Person assumes in writing all of HBI’s obligations under this Agreement, and (C) the Surviving Person delivers to Sara Lee a Letter of Credit in the Required Amount to
support the Surviving Person’s obligations under this Agreement (on such terms and conditions as are reasonably acceptable to Sara Lee); or 
 (iii) HBI obtains the prior written consent of Sara Lee (which may be granted or withheld in Sara Lee’s sole discretion). 
 (b) If the Surviving Person provides the Letter of Credit under Section 3.1(a)(ii), the Surviving Person shall be obligated to maintain the Letter of Credit in the Required Amount during the term
commencing on the Separation Date and terminating on the earlier of (i) the unconditional release, expiration or termination of all of Sara Lee’s Obligations with respect to all Guaranteed Leases or [(ii) the date on which the
Guaranteed Rent falls below $[            ]] (such term, the “Letter of Credit Term”). 
 Section 3.2 Security Interests. As long as Sara Lee’s duties under any Obligation remain outstanding with regards to any Leased
Properties or Leases, HBI shall not pledge, hypothecate, collaterally assign, mortgage or otherwise encumber, or permit any lien or encumbrance upon, or grant any security interest in, any of HBI’s rights, title or interests, as lessee or
assignee, in or to any of such Leased Properties or Leases, except to the extent any such lien, encumbrance or security interest is subordinate to, and would not otherwise interfere with, the interests, rights or remedies of Sara Lee with respect to
such Leased Property or Lease under the terms of this Agreement; provided, however, that this Section 3.2 shall not apply to (a) any lien or encumbrance on any Landlord’s interest in any Leased Property existing as of the
Separation Date or expressly permitted under a Lease; (b) any liens against the Properties for real estate taxes or mechanics’, materialmens’ or other liens based upon claims for work, labor or 
  

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 materials relating to any Property, if (i) such taxes or claims are not due and payable or are being contested in
good faith by appropriate proceedings and (ii) HBI maintains adequate reserves for payment of such taxes or claims in accordance with generally accepted accounting principles; and (c) any mortgage, deed of trust or security interest on any
Property or Lease in favor of the provider or providers of any senior working capital facility and/or any senior term loan facility. It shall not be considered a default of this Agreement if, within ten (10) business days after HBI
receives notice of a lien against a Property, HBI causes such lien to be released of record or provides Sara Lee with insurance against the same issued by a major title insurance company or such other protection against the same as Sara Lee shall
accept in its sole and absolute discretion. 
 Section 3.3 Sharing Of Information. As long as any Obligations remain outstanding,
HBI will provide to Sara Lee, no later than fifteen (15) days after the end of each fiscal quarter of HBI, a certificate of HBI’s Chief Operating Officer or Chief Financial Officer that (a) certifies the accuracy of an attached
schedule listing each Guaranteed Lease and, with respect thereto, (i) the location of the Property covered by, and the parties to, such Guaranteed Lease, (ii) the expiration date of each Guaranteed Lease, and (iii) the current monthly
rental payment by HBI or its applicable Subsidiary and the date of any contractual escalation in the monthly rental payment under each Guaranteed Lease, and (b) certifies that HBI is not in breach or default under any of the Guaranteed Leases
and that no event exists which, with the passage of time, would become an event of breach or default (or, if applicable, identifies any exceptions). 
 Section 3.4 Limitation On Assignment. As long as any Obligations remain outstanding with regards to a Guaranteed Lease, HBI or its applicable Subsidiary may assign or otherwise transfer its rights, title
and interests in and to under any such Guaranteed Lease, or sublease all or substantially all of any the Guaranteed Property, to a third party (any such proposed assignee, sublessee or transferee being a “Proposed Transferee,” and
any such proposed assignment, sublease or transfer being a “Proposed Transfer”); provided, however, that (a) Sara Lee consents to such Proposed Transfer, which consent Sara Lee may grant or withhold in its
reasonable discretion, (b) effective upon or before such Proposed Transfer, Sara Lee is fully and unconditionally released from any and all Obligations under such Guaranteed Lease, or (c) the Proposed Transferee is a direct or indirect
wholly-owned Subsidiary of HBI, under common control with HBI, or in control of HBI at all times and HBI remains primarily liable for the Obligations as if HBI were still the tenant or assignee under the applicable Guaranteed Lease or Guaranteed
Leases. Any transfer in violation of this Section 3.4 is void. 
 Section 3.5 Further Assurances. At any time and
from time to time, upon the request of the other Party, HBI and Sara Lee shall each execute and deliver to the other Party such further instruments and documents, and do such further acts and things, as such other Party may reasonably request in
order to effectuate fully the purposes of this Agreement. To the extent it is possible without causing a default under any Lease, Sara Lee shall take such other actions as may be reasonably requested by HBI in order to place HBI, insofar as
reasonably possible, in the same position as if the Leases for any Leased Property for which the Actual Closing did not occur on or before the Separation Date had been transferred as contemplated hereby. 
  

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 ARTICLE IV 
 MISCELLANEOUS 
 Section 4.1 Entire Agreement; Incorporation Of Schedules And Exhibits.
This Agreement (including all Schedules and Exhibits referred to herein) and the Ancillary Agreements constitute the entire agreement among the Parties with respect to the subject matter hereof and thereof and supersede all prior agreements and
understandings, both written and oral, among the Parties with respect to the subject matter hereof and thereof. All Schedules and Exhibits referred to herein are hereby incorporated in and made a part of this Agreement as if set forth in full
herein. 
 Section 4.2 Amendments And Waivers. This Agreement may be amended and any provision of this Agreement may be waived,
provided that any such amendment or waiver shall be binding upon a Party only if such amendment or waiver is set forth in a writing executed by such Party. No course of dealing between or among any Persons having any interest in this Agreement shall
be deemed effective to modify, amend or discharge any part of this Agreement or any rights or obligations of any Party under or by reason of this Agreement. 
 Section 4.3 No Implied Waivers; Cumulative Remedies; Writing Required. No delay or failure in exercising any right, power or remedy hereunder shall affect or operate as a waiver thereof; nor shall any
single or partial exercise thereof or any abandonment or discontinuance of steps to enforce such a right, power or remedy preclude any further exercise thereof or of any other right, power or remedy. The rights and remedies hereunder are cumulative
and not exclusive of any rights or remedies that any party hereto would otherwise have. Any waiver, permit, consent or approval of any kind or character of any breach or default under this Agreement or any such waiver of any provision of this
Agreement must satisfy the conditions set forth in Section 4.2 and shall be effective only to the extent in such writing specifically set forth. 
 Section 4.4 Parties In Interest. Nothing in this Agreement, express or implied, is intended to confer on any Person other than the Parties, and their respective successors and permitted assigns, any rights
or remedies of any nature whatsoever under or by virtue of this Agreement. 
 Section 4.5 Assignment; Binding Agreement. Neither
this Agreement nor any of the rights, interests or obligations under this Agreement shall be assigned, in whole or in part, by operation of law or otherwise by any of the Parties without the prior written consent of the other Parties, and any
instrument purporting to make such an assignment without prior written consent shall be void; provided, however, either Party may assign this Agreement to a successor entity in conjunction with such Party’s reincorporation. Subject to the
preceding sentence, this Agreement will be binding upon, inure to the benefit of, and be enforceable by, the Parties and their respective successors and permitted assigns. Any contrary or inconsistent provision of this Agreement notwithstanding,
this Agreement shall be binding upon HBI and any successor or assign of HBI that, through a merger or consolidation, succeeds to all or substantially all of HBI’s interest in the Guaranteed Leases or the Guaranteed Properties. 
  

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 Section 4.6 Notices. All notices, demands and other communications given under this Agreement
must be in writing and must be either personally delivered, telecopied (and confirmed by telecopy answer back), mailed by first class mail (postage prepaid and return receipt requested), or sent by reputable overnight courier service (charges
prepaid) to the recipient at the address or telecopy number indicated below or such other address or telecopy number or to the attention of such other Person as the recipient party shall have specified by prior written notice to the sending party.
Any notice, demand or other communication under this Agreement shall be deemed to have been given when so personally delivered or so telecopied and confirmed (if telecopied before 5:00 p.m. Eastern Standard Time on a business day, and otherwise on
the next business day), or if sent, one business day after deposit with an overnight courier, or, if mailed, five business days after deposit in the U.S. mail. 
 Sara Lee Corporation 
 Three First National Plaza 
 Chicago, Illinois 60602-4260 
 Attention:
General Counsel 
 Facsimile Number: (312) 419-3187 
 Hanesbrands Inc. 
 1000 East Hanes Mill Road 
 Winston-Salem, North Carolina 27105. 
 Attention: General Counsel 
 Facsimile Number: (336) 714-3638 
 Section 4.7 Severability. The Parties agree that (a) the provisions of this Agreement shall be severable in the event that for any
reason whatsoever any of the provisions hereof are invalid, void or otherwise unenforceable, (b) any such invalid, void or otherwise unenforceable provisions shall be replaced by other provisions which are as similar as possible in terms to
such invalid, void or otherwise unenforceable provisions but are valid and enforceable, and (c) the remaining provisions shall remain valid and enforceable to the fullest extent permitted by applicable law. 
 Section 4.8 Governing Law. All questions concerning the construction, validity and interpretation of this Agreement shall be governed by and
construed in accordance with the domestic laws of the State of Illinois, without giving effect to any choice of law or conflict of law provision (whether of the State of Illinois or any other jurisdiction) that would cause the application of the
laws of any jurisdiction other than the State of Illinois. 
 Section 4.9 Submission To Jurisdiction. EACH OF THE PARTIES
IRREVOCABLY SUBMITS (FOR ITSELF AND IN RESPECT OF ITS PROPERTY) TO THE JURISDICTION OF ANY STATE OR FEDERAL COURT SITTING IN CHICAGO, ILLINOIS, OR FORSYTH COUNTY, NORTH CAROLINA OR GUILDFORD COUNTY, NORTH CAROLINA, IN ANY ACTION OR PROCEEDING
ARISING OUT OF OR RELATING TO THIS AGREEMENT AND AGREES THAT ALL CLAIMS IN RESPECT OF THE ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT; PROVIDED THAT THE PARTIES MAY BRING ACTIONS OR PROCEEDINGS AGAINST EACH OTHER IN OTHER
JURISDICTIONS TO THE EXTENT NECESSARY TO ENFORCE THEIR RIGHTS 
  

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 UNDER THIS AGREEMENT UNDER STATE LAW OR TO IMPLEAD THE OTHER PARTY IN ANY ACTION COMMENCED BY A THIRD PARTY THAT IS
RELATED TO THIS AGREEMENT. EACH PARTY ALSO AGREES NOT TO BRING ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT IN ANY OTHER COURT OR OTHER JURISDICTIONS UNLESS SUCH ACTIONS OR PROCEEDINGS ARE NECESSARY TO ENFORCE ITS RIGHTS
UNDER THIS AGREEMENT UNDER STATE LAW OR TO IMPLEAD THE OTHER PARTY IN ANY ACTION COMMENCED BY A THIRD PARTY THAT IS RELATED TO THIS AGREEMENT. EACH OF THE PARTIES WAIVES ANY DEFENSE OF INCONVENIENT FORUM TO THE MAINTENANCE OF ANY ACTION OR
PROCEEDING SO BROUGHT AND WAIVES ANY BOND, SURETY, OR OTHER SECURITY THAT MIGHT BE REQUIRED OF ANY OTHER PARTY WITH RESPECT THERETO. ANY PARTY MAY MAKE SERVICE ON ANY OTHER PARTY BY SENDING OR DELIVERING A COPY OF THE PROCESS TO THE PARTY TO BE
SERVED AT THE ADDRESS AND IN THE MANNER PROVIDED FOR THE GIVING OF NOTICES IN SECTION 4.6 ABOVE. NOTHING IN THIS SECTION 4.9, HOWEVER, SHALL AFFECT THE RIGHT OF ANY PARTY TO SERVE LEGAL PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR AT
EQUITY. EACH PARTY AGREES THAT A FINAL JUDGMENT IN ANY ACTION OR PROCEEDING SO BROUGHT SHALL BE CONCLUSIVE AND MAY BE ENFORCED BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW OR AT EQUITY. 
 Section 4.10 Waiver Of Jury Trial. AS A SPECIFICALLY BARGAINED FOR INDUCEMENT FOR EACH OF THE PARTIES HERETO TO ENTER INTO THIS AGREEMENT
(AFTER HAVING THE OPPORTUNITY TO CONSULT WITH COUNSEL), EACH PARTY EXPRESSLY WAIVES THE RIGHT TO TRIAL BY JURY IN ANY LAWSUIT OR PROCEEDING RELATING TO OR ARISING IN ANY WAY FROM THIS AGREEMENT OR THE MATTERS CONTEMPLATED HEREBY. 
 Section 4.11 Amicable Resolution. The Parties desire that friendly collaboration will develop between them. Accordingly, they will try to
resolve in an amicable manner all disputes and disagreements connected with their respective rights and obligations under this Agreement in accordance with Section 6.12 of the Separation Agreement. 
 Section 4.12 Arbitration. Except for suits seeking eviction, injunctive relief or specific performance or in the event of any impleader
action arising from any proceeding commenced by a third party that it is related to this Agreement, in the event of any dispute, controversy or claim arising under or in connection with this Agreement (including any dispute, controversy or claim
relating to the breach, termination or validity thereof), the Parties shall submit any such dispute, controversy or claim to binding arbitration in accordance with Section 6.13 of the Separation Agreement. 
 Section 4.13 Construction. The descriptive headings herein are inserted for convenience of reference only and are not intended to be a
substantive part of or to affect the meaning or interpretation of this Agreement. Whenever required by the context, any pronoun used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular forms of
nouns, pronouns and verbs shall include the plural and vice versa. 
  

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 Reference to any agreement, document, or instrument means such agreement, document or instrument as amended or otherwise
modified from time to time in accordance with the terms thereof, and if applicable hereof. The use of the words “include” or “including” in this Agreement shall be by way of example rather than by limitation. The use of the words
“or,” “either” or “any” shall not be exclusive. The Parties have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this
Agreement shall be construed as if drafted jointly by the Parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement. The Parties agree
that prior drafts of this Agreement shall be deemed not to provide any evidence as to the meaning of any provision hereof or the intent of the Parties hereto with respect hereto. 
 Section 4.14 Counterparts. This Agreement may be executed in multiple counterparts (any one of which need not contain the signatures of more
than one party), each of which shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. 
 Section 4.15 Limitation On Damages. Each Party irrevocably waives, and no Party shall be entitled to seek or receive, consequential, special, indirect or incidental damages (including without limitation damages for loss of
profits) or punitive damages, regardless of how such damages were caused and regardless of the theory of liability; provided that the foregoing shall not limit each Party’s indemnification obligations set forth in the Indemnification and
Insurance Matters Agreement. 
 Section 4.16 Delivery By Facsimile Or Other Electronic Means. This Agreement, and any amendments
hereto, to the extent signed and delivered by means of a facsimile machine or other electronic transmission, shall be treated in all manner and respects as an original contract and shall be considered to have the same binding legal effects as if it
were the original signed version thereof delivered in person. At the request of any Party, each other Party shall re-execute original forms thereof and deliver them to all other Parties. No Party shall raise the use of a facsimile machine or other
electronic means to deliver a signature or the fact that any signature was transmitted or communicated through the use of facsimile machine or other electronic means as a defense to the formation of a contract and each such party forever waives any
such defense. 
 Section 4.17 Time of Essence. Time is of the essence with respect to all terms and conditions of, rights and
obligations under, this Agreement. 
 ARTICLE V 
 DEFINITIONS 
 Capitalized terms used herein and not otherwise defined herein shall have the meanings set forth in the
Separation Agreement. In addition, for purposes of this Agreement, the following terms shall have the following meanings: 
 “Action” means any demand, action, suit, countersuit, arbitration, inquiry, proceeding or investigation by or before any federal, state, local, foreign or international governmental authority or any arbitration or mediation
tribunal. 
  

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 “Actual Closing” means, with respect to each Leased Property, the consummation of the
assignment or transfer of the rights, title and interest of Sara Lee or its applicable Subsidiary in and to the Lease of such Leased Property to HBI or one of its Subsidiaries to HBI. 
 “Ancillary Agreements” shall have the meaning set forth in the Separation Agreement. 
 “Branded Apparel Business” shall have the meaning set forth in the Separation Agreement. 
 “Contract” means any contract, agreement, lease, license, sales order, purchase order, instrument or other commitment that is binding on
any Person or any part of its property under applicable law. 
 “EBITDAR” means, as of any date, for the period of the most
recent twelve (12) consecutive fiscal months immediately before such date, the sum of, without duplication, (i) net income for such period determined in accordance with generally accepted accounting principles, plus (ii) interest
expense, including all commissions, discounts, fees and other charges in connection with standby letters of credit and similar instruments and all expenses associated with interest-rate hedging arrangements net of interest income, if any, for such
period determined in accordance with generally accepted accounting principles, plus (iii) provision for income taxes for such period determined in accordance with generally accepted accounting principles, plus (iv) depreciation and
amortization expense and any non-cash extraordinary gains and losses and non-cash restructuring charges for such period determined in accordance with generally accepted accounting principles, plus (v) payments of rent for such period determined
in accordance with generally accepted accounting principles. 
 “Fixed Charges” mean, as of any date, for the period of the
most recent twelve (12) consecutive fiscal months immediately before such date, the sum of, without duplication, (i) interest expense, including all commissions, discounts, fees and other charges in connection with standby letters of
credit and similar instruments and all expenses associated with interest-rate hedging arrangements, net of interest income, if any, for such period determined in accordance with generally accepted accounting principles plus (ii) payments of
rent for such period determined in accordance with generally accepted accounting principles. 
 “Guaranteed Leases” means
any Leases under which Sara Lee or any member of the Sara Lee Group shall, from time to time, have Obligations after the Separation but only for so long as, and to the extent that, any such Leases continue in effect after Separation and only with
respect to those Obligations that remain unperformed or unfulfilled after Separation and at the time such determinations may be made. 
 “Guaranteed Properties” means any Leased Properties leased, used or occupied under any Guaranteed Leases. 
  

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 “Guaranteed Rent” means the minimum aggregate annual rent, additional rent and other
charges, costs and expenses that HBI or any of its Subsidiaries is required to pay to the Landlords under the Guaranteed Leases from time to time, regardless of such Person’s volume of business. 
 “Indemnification and Insurance Matters Agreement” shall have the meaning set forth in the Separation Agreement. 
 “Landlord” means (1) the holder of the landlord’s rights, title and interests in and to any Lease from time to time,
(2) with respect to the Lease Consents, any other Person from which any consent or waiver is required to assign any Lease or sublease any Leased Property to HBI or its applicable Subsidiary on the terms and conditions of this Agreement, and
(3) with respect to the release of all Liabilities of Sara Lee or any of its Subsidiaries under any Lease, any other Person having the right to enforce any such Liabilities. 
 “Lease” means, with respect to each Leased Property, any lease, sublease or other agreement under which Sara Lee or its applicable
Subsidiary (including, for the avoidance of doubt, through any division of Sara Lee or any such Subsidiary) holds a leasehold interest in such Leased Property or has the right to use or occupy such Leased Property, together with any amendments or
extensions of such leases, subleases or agreements, any guaranty of such lease, sublease or agreement by any member of the Sara Lee Group, and any other agreements affecting such leases, subleases or agreements, such leasehold interest or the use
and occupancy of such Leased Property. 
 “Lease Consents” means all consents under, or amendments or waivers of any
provision of, any Leases required to (1) assign the Lease or sublease the applicable Leased Property to HBI or its applicable Subsidiary on the terms and conditions of this Agreement, (2) in order to prevent a breach or default thereunder,
in connection with the consummation of the Separation or Distribution, and (3) authorize the possible re-entry, re-assignment and surrender of the such Leased Property to Sara Lee pursuant to Sections 2.1 and 2.2 of this Agreement; provided,
however, a Lease Consent shall be deemed sufficient if it consents only to the aforementioned items (1) and (2). 
 “Lease
Requiring Consent” means any Lease (1) which prohibits the assignment of such Lease, or the sublease of the applicable Leased Property, to HBI or its applicable Subsidiary or (2) under which the consent of any Landlord is required
for assignment of such Lease, or the sublease of the applicable Leased Property, to HBI or such Subsidiary, on the terms and conditions of this Agreement or, in order to prevent a breach or default thereunder, in connection with the consummation of
the Separation or Distribution. 
 “Lease Requiring Notice” means any Lease under which notice to any Landlord is required
for assignment of such Lease, or the sublease of the applicable Leased Property, to HBI or such Subsidiary, on the terms and conditions of this Agreement or, in order to prevent a breach or default thereunder, in connection with the consummation of
the Separation or Distribution. 
  

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 “Leased Properties” means those real properties, including without limitation any land,
buildings, fixtures and other improvements constituting real property, leased or otherwise used and occupied by Sara Lee or one of its Subsidiaries and identified in Schedule 1.2, together with (1) all easements, rights-of-way,
restrictions, reservations and other rights and interests appurtenant to such real properties and (2) all of Sara Lee’s or such Subsidiary’s rights, interests and obligations under any subleases, licenses or other agreements regarding
the use or occupancy of all or any portion of any such real property. 
 “Letter of Credit” shall mean an irrevocable
standby letter of credit in the Required Amount issued by a Qualified Bank for the benefit of Sara Lee on terms and conditions satisfactory to Sara Lee. 
 “Liabilities” means all debts, liabilities, guarantees, assurances, commitments and obligations, whether fixed, contingent or absolute, asserted or unasserted, matured or unmatured, liquidated or
unliquidated, accrued or not accrued, known or unknown, due or to become due, whenever or however arising (including, without limitation, whether arising out of any Contract or tort based on negligence or strict liability) and whether or not the
same would be required by generally accepted principles and accounting policies to be reflected in financial statements or disclosed in the notes thereto. 
 “Loss” and “Losses” mean any and all damages, losses, deficiencies, Liabilities, obligations, penalties, judgments, settlements, claims, payments, fines, interest, costs and expenses
(including, without limitation, the costs and expenses of any and all Actions and demands, assessments, judgments, settlements and compromises relating thereto and the costs and expenses of attorneys’, accountants’, consultants’ and
other professionals’ fees and expenses incurred in the investigation or defense thereof or the enforcement of rights hereunder), including direct and consequential damages, but excluding punitive damages (other than punitive damages awarded to
any third party against an indemnified party). 
 “Obtaining Party” shall have the meaning set forth in Section 1.6(b)
of this Agreement. 
 “Obligations” means all Liabilities of Sara Lee or its Subsidiaries as lessee, assignor, sublessor,
guarantor or otherwise under or relating to any Lease, including, without limitation, any guarantee, surety, letter of credit, security deposit or other security which Sara Lee or its Subsidiaries have provided or will provide to a Landlord with
respect to any Lease, to the extent such Liabilities have not expired, terminated or been fully and unconditionally released. 
 “Owned Properties” means those real properties, including without limitation all land and any buildings, fixtures and other improvements on such land, owned by Sara Lee or one of its Subsidiaries and identified in
Schedule 1.1, together with (1) all easements, rights-of-way, restrictions, reservations and other rights and interests appurtenant to such real properties and (2) such owners’ rights, interests and obligations under any
leases, subleases, licenses or other agreements regarding the use or occupancy of all or any portion of any such real property. 
 “Parties” means the parties to this Agreement. 
  

 20 

 “Person” means an individual, a partnership, a corporation, a limited liability company,
an association, a joint stock company, a trust, a joint venture, an unincorporated organization and a governmental entity or any department, agency or political subdivision thereof. 
 “Properties” means the Owned Properties and Leased Properties. 
 “Qualified Bank” shall be a financial institution with a minimum rating of A by Standard & Poor’s or a minimum rating of
A2 by Moody’s Investors Services. 
 “Release” means, with respect to each Lease, the unconditional release of all
Liabilities of Sara Lee or its Subsidiaries under such Lease, including, without limitation, the termination and return of any guarantee, surety, letter of credit, security deposit or other security which Sara Lee or any of its Subsidiaries has
provided to any Landlord with respect to such Lease. 
 “Required Amount” means
[            ]% of the Guaranteed Rent. 
 “Sara Lee
Group” shall have the meaning set forth in the Separation Agreement. 
 “Sara Lee Indemnitees” means Sara Lee, each
member of the Sara Lee Group and each of their respective successors and assigns, and all Persons who are or have been stockholders, directors, partners, managers, managing members, officers, agents or employees of any member of the Sara Lee Group
(in each case, in their respective capacities as such), and their respective heirs, executors, administrators, successors and assigns. 
 “Separation” shall have the meaning set forth in the Separation Agreement. 
 “Separation Date”
has the meaning set forth in the Separation Agreement. 
 “Subsidiary” of any Person means a corporation or other
organization whether incorporated or unincorporated of which at least a majority of the securities or interests having by the terms thereof ordinary voting power to elect at least a majority of the board of directors or others performing similar
functions with respect to such corporation or other organization is directly or indirectly owned or controlled by such Person or by any one or more of its Subsidiaries, or by such Person and one or more of its Subsidiaries; provided, however, that
no Person that is not directly or indirectly wholly-owned by any other Person shall be a Subsidiary of such other Person unless such other Person controls, or has the right, power or ability to control, that Person. For purposes of this Agreement,
it is understood that HBI and each Subsidiary of HBI after the Separation shall be deemed not to be a Subsidiary of Sara Lee after the Separation. 
 [SIGNATURE PAGE FOLLOWS] 
  

 21 

 Exhibit 10.5 
 IN WITNESS WHEREOF, each of the Parties has caused this Real Estate Matters Agreement to be executed on its behalf by its officers hereunto duly authorized on the day and year first above written. 
  

			
	SARA LEE CORPORATION
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

	
	HANESBRANDS INC.
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

 EXHIBIT A 
 FORM CONVEYANCE FOR OWNED PROPERTIES4 
 Prepared by and after recording mail to:5 
  
  

  

  

  

  

 SPECIAL WARRANTY DEED6 
 Sara Lee Corporation, a Maryland corporation [or the applicable Subsidiary] with its principal
office at with its principal office at
                                        
     (“Grantor”), in consideration of $10.007 and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, hereby grants8 to Hanesbrands Inc., a
Maryland corporation [or the applicable Subsidiary] with its principal office at
                                       
              (“Grantee”),9
with SPECIAL WARRANTY COVENANTS10, the real property described on Exhibit A attached to this Deed (the “Property”). 
 The Property, the grant of the Property pursuant to this Deed, and the warranties and covenants under this Special Warranty Deed are subject to (a) all easements, right-of-way, covenants, conditions,
restrictions, restrictive covenants, reservations, mortgages, deeds of trust, security interests, liens, attachments, encumbrances and other matters of record or arising by statute 
  

	4	The form of Deed (including any formatting requirements) will be adapted as necessary to conform to local requirements, customs and practices to the extent necessary
to render such form effective and, if requested by HBI, recordable. 

	5	Insert name and address of local attorney. 

	6	A separate Deed should be produced for each county in which any Owned Property is located (and covering all 7ned Property in that county). 

	7	Some states and counties may require a statement of the value attributed to the Owned Property covered by each Deed. 

	8	The granting language (e.g., “bargains and sells”, “quitclaims”, etc.) required for effective conveyances under state law.

	9	Insert name, organizational jurisdiction and address of Buyer. 

	10	Each deed will contain the language, necessary and appropriate for the state in which the applicable Owned Property is located, to provide a warranty by Grantor to
the effect that (a) during (but not before) the period of Grantor’s ownership of such Owned Property, Grantor did not create or suffer the creation of any encumbrance on such Owned Property and (b) Grantor will defend Grantee against
any claim of title superior to Grantee by any other person claiming by, through or under Grantor (but not otherwise). 

 affecting, encumbering or relating to the Property, (b) any lease or other agreement granting a right to use or
occupy the Property, (c) any liens of mechanics and materialmen securing charges for work performed on, or otherwise relating to, the Property, (d) any matters that would be disclosed by a complete and accurate survey of the Property, and
(e) all real estate taxes, assessments and betterments assessed with respect to the Property, which, by accepting and recording this Deed, Grantee assumes and agrees to pay. 
 Grantor executes this Deed as of
                    , 2006.11 
  

			
	 SARA LEE CORPORATION, a Maryland
 corporation
[or the applicable Subsidiary]

		
	By:	 	  

	Name:	 	
	Title:	 	

 STATE OF
                        12 
 COUNTY OF
                         
 The attached Deed was acknowledged before me this          day of
                    , 2005, by
                                        
                ,
                                        
                             of Sara Lee corporation, a Maryland corporation [or the applicable
Subsidiary], on behalf of said corporation. 
  

	
	                                      
                                        
                         
	Notary Public
	
	Print
Name:                                       
                                       
 
	
	My commission
expires:                                      
                 

	11	The form of Deed should conform to any requirements and formalities for effective execution of deeds and recordable instruments under state law, including the number
of signatories and witnesses (if any), execution by specific officers of corporations, attestation by a corporate secretary, and the appropriate form of acknowledgement for instruments executed in a different jurisdiction but recorded locally.

	12	The form of acknowledgement should conform to the requirements applicable in the jurisdiction of the Owned Property. 

 EXHIBIT B 
 FORM ASSIGNMENT FOR LEASED PROPERTIES13 
 Prepared by and after recording mail to:14 
  

  

  

  

  

 ASSIGNMENT AND ASSUMPTION OF LEASES15 
 THIS ASSIGNMENT AND ASSUMPTION OF LEASES (this “Assignment and Assumption”) made as of
                    , 2006 (the “Effective Date”), between Sara Lee Corporation, a Maryland corporation [or the applicable
Subsidiary] with its principal office at
                                        
                     (“Assignor”), and Hanesbrands Inc., a Maryland corporation [or the applicable Subsidiary] with its
principal office at
                                        
                         (“Assignee”). 
 WHEREAS Assignor is the holder of the rights, title, interests and obligations of the tenant or occupant of the real properties identified generally on
Schedule A attached to this Assignment and Assumption (collectively, the “Leased Properties”) under the lease(s), sublease(s) or other agreement(s), together with any amendments or extensions of such lease(s), sublease(s) or
agreements(s), any guaranty of any such lease, sublease or agreement, and any other agreements affecting such lease(s), sublease(s) or agreement(s) (collectively, the “Leases”); and 
 WHEREAS Assignor wishes to assign the Leases to Assignee, and Assignee wishes to accept such assignment and assume the Leases, on the terms of the Real
Estate Matters Agreement entered into as of                     , 2006, between Assignor [or Sara Lee] and Assignee [or HBI]
(the “Real Estate Matters Agreement”); 
  

	13	The form of Assignment and Assumption of Leases, including any formatting requirements, will be adapted as necessary to conform to local requirements, customs and
practices to the extent necessary to render such form effective and, if requested by HBI, recordable 

	14	Insert name and address of a local attorney. 

	15	A separate Assignment and Assumption of Leases should be produced for each county in which any Leased Property is located (and covering all Leased Property in that
county). 

 NOW THEREFORE, in consideration of $10.0016 and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Assignor and Assignee agree as follows: 
 1. As of the Effective Date, Assignor hereby assigns and transfers to Assignee, without and warranties, express or implied, all of Assignor’s rights,
title and interests in and to, and obligations arising or accruing on or after the Effective Date under, the Leases, together with Assignor’s rights, title and interests in and to, and obligations arising or accruing on or after the Effective
Date with respect to, (a) all easements, rights-of-way, restrictions, reservations and other rights and interests appurtenant to the Leased Properties, (b) any subleases, licenses or other agreements regarding the use or occupancy of all
or any portion of any Leased Property, and (c) any guarantee, surety, letter of credit, security deposit or other security provided under the Leases (the “Appurtenant Rights and Interests”), subject to the terms and conditions
of the Real Estate Matters Agreement. 
 2. Assignee hereby accepts such assignment and transfer and assumes, and agrees to pay, perform,
observe and discharge promptly when due, all of Assignor’s obligations arising or accruing on or after the Effective Date under the Leases or with respect to the Appurtenant Rights and Interests, subject to the terms and conditions of the Real
Estate Matters Agreement. 
 [SIGNATURE PAGE FOLLOWS] 
  

	16	Some states and counties may require a statement of the value attributed to the Leased Property covered by each Assignment and Assumption. 

 IN WITNESS WHEREOF, Assignor and Assignee have executed this Assignment and Assumption as of the
Effective Date.17 
  

							
	 SARA LEE CORPORATION, a Maryland
 corporation [or the applicable Subsidiary]
	  	 HANESBRANDS INC., a Maryland
 corporation
[or the applicable Subsidiary]

				
	By:	 	  
	  	By:	 	  

	Name:	 	  
	  	Name:	 	  

	Title:	 	  
	  	Title:	 	  

 STATE OF
                        18 
 COUNTY OF
                     
 The
attached Assignment and Assumption of Leases was acknowledged before me this      day of             , 2005, by
                            ,
                             of Sara Lee corporation, a Maryland corporation [or the applicable
Subsidiary], on behalf of said corporation. 
  

			
	  

	Notary Public
		
	Print Name:	 	  

 STATE OF
                        19 
 COUNTY OF
                     
 The
attached Assignment and Assumption of Leases was acknowledged before me this      day of             , 2005, by
                            ,
                             of Hanesbrands Inc., a Maryland corporation [or the applicable
Subsidiary], on behalf of said corporation. 

			
	  

	Notary Public
		
	Print Name:	 	  

  

	17	The form of Assignment and Assumption should conform to any requirements and formalities for effective execution of recordable instruments under state law, including
the number of signatories and witnesses (if any), execution by specific officers of corporations, attestation by a corporate secretary, and the appropriate form of acknowledgement for instruments executed in a different jurisdiction but recorded
locally. 

	18	The form of acknowledgement should conform to the requirements applicable in the jurisdiction of the Leased Property. 

	19	The form of acknowledgement should conform to the requirements applicable in the jurisdiction of the Leased Property.Form of Indemnification & Insurance Matters Agreement

 Exhibit 10.6 
 FORM OF 
 INDEMNIFICATION AND INSURANCE MATTERS AGREEMENT 
 between 
 SARA LEE CORPORATION

 and 
 HANESBRANDS
INC. 

 TABLE OF CONTENTS 
  

					
	  	  	 	  	Page
	 ARTICLE I MUTUAL RELEASES; INDEMNIFICATION
	  	1
	 Section 1.1
	  	Release Of Pre-Distribution Date Claims	  	1
	 Section 1.2
	  	Indemnification By HBI	  	3
	 Section 1.3
	  	Indemnification By Sara Lee	  	3
	 Section 1.4
	  	Indemnification With Respect To Environmental Actions And Conditions	  	4
	 Section 1.5
	  	Reductions For Insurance Proceeds And Other Recoveries	  	5
	 Section 1.6
	  	Procedures For Defense, Settlement And Indemnification Of Third Party Claims	  	6
	 Section 1.7
	  	Additional Matters	  	7
	 Section 1.8
	  	Survival Of Indemnities	  	8
		
	 ARTICLE II INSURANCE MATTERS
	  	8
	 Section 2.1
	  	Cooperation; Payment Of Insurance Proceeds To HBI; Agreement Not To Release Carriers	  	8
	 Section 2.2
	  	HBI Insurance Coverage After The Distribution Date	  	9
	 Section 2.3
	  	Responsibilities For Deductibles And/Or Self-Insured Obligations	  	10
	 Section 2.4
	  	Procedures With Respect To Insured HBI Liabilities	  	10
	 Section 2.5
	  	Insufficient Limits Of Liability For Sara Lee Liabilities And HBI Liabilities	  	10
	 Section 2.6
	  	Cooperation	  	12
	 Section 2.7
	  	No Assignment Or Waiver	  	12
	 Section 2.8
	  	No Liability	  	12
	 Section 2.9
	  	Further Agreements	  	12
	 Section 2.10
	  	Workers’ Compensation Claims	  	12
	 Section 2.11
	  	Matters Governed By Employee Matters Agreement	  	13
	 Section 2.12
	  	Other Agreements Evidencing Indemnification Obligations	  	13
		
	 ARTICLE III MISCELLANEOUS
	  	13
	 Section 3.1
	  	Entire Agreement; Incorporation Of Schedules And Exhibits	  	13
	 Section 3.2
	  	Amendments And Waivers	  	13
	 Section 3.3
	  	No Implied Waivers; Cumulative Remedies; Writing Required	  	13
	 Section 3.4
	  	Parties In Interest	  	14
	 Section 3.5
	  	Assignment; Binding Agreement	  	14
	 Section 3.6
	  	Notices	  	14
	 Section 3.7
	  	Severability	  	14
	 Section 3.8
	  	Governing Law	  	15
	 Section 3.9
	  	Submission To Jurisdiction	  	15
	 Section 3.10
	  	Waiver Of Jury Trial	  	15
	 Section 3.11
	  	Amicable Resolution	  	15
	 Section 3.12
	  	Arbitration	  	16
	 Section 3.13
	  	Construction	  	16

					
	 Section 3.14
	  	Counterparts	  	16
	 Section 3.15
	  	Limitation On Damages	  	16
	 Section 3.16
	  	Delivery By Facsimile Or Other Electronic Means	  	16
		
	 ARTICLE IV DEFINITIONS
	  	17

  

 ii 

 FORM OF 
 INDEMNIFICATION AND INSURANCE MATTERS AGREEMENT 
 This Indemnification and Insurance Matters
Agreement (this “Agreement”) is dated as of [                    ], 2006 between Sara Lee Corporation, a Maryland
corporation (“Sara Lee”), and Hanesbrands Inc., a Maryland corporation (“HBI”). Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to such terms in Article IV
below. 
 RECITALS 
 WHEREAS, the board of directors of Sara Lee has determined that it is appropriate and desirable to separate Sara Lee’s Branded Apparel Business from its other businesses; 
 WHEREAS, in order to effectuate the foregoing, Sara Lee and HBI have entered into a Master Separation Agreement dated as of
[                    ], 2006 (as amended, modified and/or restated from time to time, the “Separation Agreement”),
which provides, among other things, subject to the terms and conditions set forth therein, for the Separation and the Distribution, and for the execution and delivery of certain other agreements in order to facilitate and provide for the foregoing;
and 
 WHEREAS, the Parties desire to set forth certain agreements regarding indemnification and insurance as described herein. 

NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants contained herein, and subject to and on the terms and conditions
herein set forth, the Parties hereby agree as follows: 
 ARTICLE I 
 MUTUAL RELEASES; INDEMNIFICATION 
 Section 1.1 Release Of Pre-Distribution
Date Claims. 
 (a) HBI Release. Except as provided in Section 1.1(c), effective as of the Distribution
Date, HBI does hereby, for itself and each other member of the HBI Group, their respective Affiliates (other than the Sara Lee Group), successors and assigns, and all Persons who at any time prior to the Distribution Date have been directors,
partners, managers, managing members, officers, agents or employees of any member of the HBI Group (in each case, in their respective capacities as such), remise, release and forever discharge the Sara Lee Indemnitees from any and all Liabilities
whatsoever, whether at law or in equity (including any right of contribution), whether arising under any contract or agreement, by operation of law or otherwise, existing or arising from any acts or events occurring or failing to occur or alleged to
have occurred or to have failed to occur on or before the Distribution Date or any conditions existing or alleged to have existed on or before the Distribution Date, including in connection with the transactions and all other activities to implement
any of the Separation and the Distribution. 
 (b) Sara Lee Release. Except as provided in Section 1.1(c),
effective as of the Distribution Date, Sara Lee does hereby, for itself and each other member of the Sara Lee Group, 

 
their respective Affiliates (other than the HBI Group), successors and assigns, and all Persons who at any time prior to the Distribution Date have been
directors, partners, managers, managing members, officers, agents or employees of any member of the Sara Lee Group (in each case, in their respective capacities as such), remise, release and forever discharge the HBI Indemnitees from any and all
Liabilities whatsoever, whether at law or in equity (including any right of contribution), whether arising under any contract or agreement, by operation of law or otherwise, existing or arising from any acts or events occurring or failing to occur
or alleged to have occurred or to have failed to occur on or before the Distribution Date or any conditions existing or alleged to have existed on or before the Distribution Date, including in connection with the transactions and all other
activities to implement any of the Separation and the Distribution. 
 (c) No Impairment. Nothing contained in
Section 1.1(a) or Section 1.1(b) shall limit or otherwise affect any Party’s rights or obligations pursuant to or contemplated by the Separation Agreement or any Ancillary Agreement (including this Agreement), in each
case in accordance with its terms, including, without limitation, (1) the obligation of HBI to assume and satisfy the HBI Liabilities, (2) the obligations of Sara Lee and HBI to perform their obligations and indemnify each other under the
Separation Agreement and the Ancillary Agreements and (3) any Business Guarantees not replaced or terminated pursuant to Section 4.12 of the Separation Agreement. Notwithstanding anything in this Agreement or the Separation Agreement to
the contrary, (1) the Sara Lee Group shall continue to honor its existing obligations to indemnify any director, officer or employee of HBI or any member of the HBI Group who also served as a director, officer or employee of Sara Lee or the
Sara Lee Group at or before the Separation Date with respect to Liabilities incurred by any such individual in his or her activities on behalf of Sara Lee which do not relate to the Branded Apparel Business (“Unrelated Activities”),
(2) the HBI Group (and not Sara Lee or any member of the Sara Lee Group) shall be solely responsible for indemnification obligations to any director, officer or employee of any member of the HBI Group or the Sara Lee Group at or before the
Separation Date with respect to Liabilities incurred by any such individual in his or her activities which relate to the Branded Apparel Business (“Related Activities”) and (3) the HBI Group shall retain the ability to make claims in
respect of Related Activities under Sara Lee’s Insurance Policies in accordance with the terms of this Agreement. 
 (d)
No Actions As To Released Pre-Distribution Date Claims. HBI agrees, for itself and each other member of the HBI Group, not to make, and to not permit any other member of the HBI Group to make, any claim or demand, or commence any Action
asserting any claim or demand, including any claim of contribution or any indemnification, against Sara Lee or any member of the Sara Lee Group, or any other Person released pursuant to Section 1.1(a), with respect to any Liabilities
released pursuant to Section 1.1(a). Sara Lee agrees, for itself and each other member of the Sara Lee Group, not to make, and to not permit any other member of the Sara Lee Group to make, any claim or demand, or commence any Action
asserting any claim or demand, including any claim of contribution or any indemnification, against HBI or any member of the HBI Group, or any other Person released pursuant to Section 1.1(b), with respect to any Liabilities released
pursuant to Section 1.1(b). 
 (e) Intent; Further Instruments. It is the intent of Sara Lee and HBI by
virtue of the provisions of this Section 1.1 to provide for a full and complete release and discharge of all Liabilities existing or arising from all acts and events occurring or failing to occur or alleged 

  

 2 

 
to have occurred or to have failed to occur and all conditions existing or alleged to have existed on or before the Distribution Date, between or among HBI
or any member of the HBI Group, on the one hand, and Sara Lee or any member of the Sara Lee Group, on the other hand (including any contractual agreements or arrangements existing or alleged to exist between or among any such members on or before
the Distribution Date), except as expressly set forth in Section 1.1(c). In furtherance of the foregoing, at any time, at the request of any other Party, each Party shall cause each member of its respective Sara Lee Group or HBI Group,
as applicable, to execute and deliver releases reflecting the provisions hereof. 
 Section 1.2 Indemnification By HBI. Except as
otherwise provided in this Agreement or any Ancillary Agreement, HBI shall, for itself and each other member of the HBI Group, indemnify, defend (or, where applicable, pay the defense costs for) and hold harmless the Sara Lee Indemnitees from and
against, and shall reimburse such Sara Lee Indemnitees with respect to, any and all Losses that any third party seeks to impose upon the Sara Lee Indemnitees, or which are imposed upon the Sara Lee Indemnitees, and that result from, relate to or
arise, whether prior to or following the Distribution Date, out of any of the following items (without duplication): 
 (i)
the failure of HBI or any other member of the HBI Group or any other Person to pay, perform or otherwise promptly discharge, or if applicable, comply with any HBI Liability in accordance with its terms; 
 (ii) the Branded Apparel Business (or the conduct or operation thereof), any HBI Asset or any HBI Liability; 
 (iii) the matters set forth in Section 3.5(b) of the Separation Agreement; 
 (iv) any breach by HBI or any other member of the HBI Group of the Separation Agreement or any of the Ancillary Agreements (including this
Agreement); and 
 (v) any untrue statement of a material fact or omission or alleged omission to state a material fact
required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, with respect to all information contained in any Registration Statement or Information Statement
(other than the Sara Lee Portion). 
 In the event that any member of the HBI Group makes a payment to the Sara Lee Indemnitees hereunder, and the Liability
of the Sara Lee Indemnitees on account of which such payment was made is subsequently reduced, either directly or through a third-party recovery (other than a recovery indirectly from Sara Lee), Sara Lee will promptly repay (or will procure a Sara
Lee Indemnitee to promptly repay) such member of the HBI Group the amount by which the payment made by such member of the HBI Group exceeds the actual cost of the associated indemnified Liability. This Section 1.2 shall not apply to any
Liability indemnified under Section 1.4. 
 Section 1.3 Indemnification By Sara Lee. Except as otherwise provided in this
Agreement or any Ancillary Agreement, Sara Lee shall, for itself and for each other member of 

  

 3 

 
the Sara Lee Group, indemnify, defend (or, where applicable, pay the defense costs for) and hold harmless the HBI Indemnitees from and against, and shall
reimburse such HBI Indemnitee with respect to, any and all Losses that any third party seeks to impose upon the HBI Indemnitees, or which are imposed upon the HBI Indemnitees, and that result from, relate to or arise, whether prior to or following
the Distribution Date, out of any of the following items (without duplication): 
 (i) the failure of Sara Lee or any other
member of the Sara Lee Group or any other Person to pay, perform or otherwise promptly discharge, or if applicable, comply with any Liability of the Sara Lee Group other than the HBI Liabilities; 
 (ii) the Sara Lee Business (or the conduct or operation thereof) or any Liability of the Sara Lee Group other than the HBI Liabilities;

 (iii) any breach by Sara Lee or any other member of the Sara Lee Group of the Separation Agreement or any of the Ancillary
Agreements (including this Agreement); and 
 (iv) any untrue statement of a material fact or omission or alleged omission to
state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, with respect to the Sara Lee Portion of any Registration Statement or
Information Statement. 
 In the event that any member of the Sara Lee Group makes a payment to the HBI Indemnitees hereunder, and the Liability of the HBI
Indemnitees on account of which such payment was made is subsequently reduced, either directly or through a third-party recovery (other than a recovery indirectly from HBI), HBI will promptly repay (or will procure a HBI Indemnitee to promptly
repay) such member of the Sara Lee Group the amount by which the payment made by such member of the Sara Lee Group exceeds the actual cost of the indemnified Liability. This Section 1.3 shall not apply to any Liability indemnified under
Section 1.4. 
 Section 1.4 Indemnification With Respect To Environmental Actions And Conditions. 
 (a) Indemnification By HBI. HBI shall, for itself and each other member of the HBI Group, indemnify, defend and hold harmless the
Sara Lee Indemnitees from and against any and all Environmental Actions relating to, arising out of or resulting from any of the following items (“HBI Environmental Actions”): 
 (i) Environmental Conditions arising out of operations at any of the HBI Facilities, whether occurring before, on or after the
Distribution Date; 
 (ii) Environmental Conditions existing on, under, about or in the vicinity of any of the HBI Facilities
(including any Release of Hazardous Materials occurring before, on or after the Distribution Date that has migrated, is migrating or in the future migrates to any of the HBI Facilities); 
  

 4 

 (iii) the violation of Environmental Law as a result of the operation of any of the HBI
Facilities, whether occurring before, on or after the Distribution Date; and 
 (iv) Environmental Conditions at any
third-party site to the extent liability arises from Hazardous Materials generated at any HBI Facility, whether occurring before, on or after the Distribution Date. 
 (b) Indemnification By Sara Lee. Sara Lee shall, for itself and each other member of the Sara Lee Group, indemnify, defend and hold
harmless the HBI Indemnitees from and against any and all Environmental Actions relating to, arising out of or resulting from any Environmental Action other than HBI Environmental Actions. 
 (c) Agreement Regarding Payments To Indemnitee. In the event an Indemnifying Party makes any payment to or on behalf of an
Indemnitee with respect to an Environmental Action for which the Indemnifying Party is obligated to indemnify under this Section 1.4, and the Indemnitee subsequently receives any payment from a third party on account of the same
financial obligation covered by the payment made by the Indemnifying Party for that Environmental Action or otherwise diminishes the financial obligation, the Indemnitee will promptly pay the Indemnifying Party the amount by which the payment made
by the Indemnifying Party exceeds the actual cost of the financial obligation. 
 Section 1.5 Reductions For Insurance Proceeds And Other
Recoveries. 
 (a) Insurance Proceeds. The amount that any Indemnifying Party is or may be required to provide
indemnification to or on behalf of any Indemnitee pursuant to Sections 1.2, 1.3 or 1.4, as applicable, shall be reduced (retroactively or prospectively) by any Insurance Proceeds or other amounts actually recovered from third
parties by or on behalf of such Indemnitee in respect of the related Loss. The existence of a claim by an Indemnitee for monies from an insurer or against a third party in respect of any indemnifiable Loss shall not, however, delay any payment
pursuant to the indemnification provisions contained herein and otherwise determined to be due and owing by an Indemnifying Party. Rather, the Indemnifying Party shall make payment in full of the amount determined to be due and owing by it against
an assignment by the Indemnitee to the Indemnifying Party of the entire claim of the Indemnitee for Insurance Proceeds or against such third party. Notwithstanding any other provisions of this Agreement, it is the intention of the Parties that no
insurer or any other third party shall be (i) entitled to a “wind-fall” or other benefit it would not be entitled to receive in the absence of the foregoing indemnification provisions or otherwise have any subrogation rights with
respect thereto, or (ii) relieved of the responsibility to pay any claims for which it is obligated. If an Indemnitee has received the payment required by this Agreement from an Indemnifying Party in respect of any indemnifiable Loss and later
receives Insurance Proceeds or other amounts in respect of such indemnifiable Loss, then such Indemnitee shall hold such Insurance Proceeds or other amounts in trust for the benefit of the Indemnifying Party (or Indemnifying Parties) and shall pay
to the Indemnifying Party, as promptly as practicable after receipt, a sum equal to the amount of such Insurance Proceeds or other amounts received, up to the aggregate amount of any payments received from the Indemnifying Party pursuant to this
Agreement in respect of such indemnifiable Loss (or, if there is more than one Indemnifying Party, the Indemnitee shall pay 

  

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each Indemnifying Party, its proportionate share (based on payments received from the Indemnifying Parties) of such Insurance Proceeds). 
 (b) Tax Detriment/Tax Benefit. The amount that any Indemnifying Party is or may be required to provide indemnification to or on
behalf of any Indemnitee pursuant to Sections 1.2, 1.3 or 1.4, as applicable, shall be (i) increased to take account of any Tax Detriment incurred by the Indemnitee arising from the receipt or accrual of an indemnification
payment hereunder (grossed up for such increase) and (ii) reduced to take account of any Tax benefit realized by the Indemnitee arising from incurring or paying such loss or other liability. Any indemnification payment hereunder shall initially
be made without regard to this Section 1.5(b) and shall be increased or reduced to reflect any such Tax Detriment (including gross-up) or Tax benefit only upon the earlier of such time or times that (A) the Indemnitee realizes such
Tax Benefit or Tax Detriment, whether by way of an increase or reduction in Taxes, refund, offset against other Taxes, or otherwise, as the case may be, or (B) such Tax Benefit or Tax Detriment causes an increase or decrease in the
Indemnitee’s Deferred Tax Assets, as the case may be. The amount of any increase or reduction hereunder shall be adjusted to reflect any Final Determination with respect to the Indemnitee’s liability for Taxes, and payments between such
indemnified parties to reflect such adjustment shall be made if necessary. 
 Section 1.6 Procedures For Defense, Settlement And
Indemnification Of Third Party Claims. 
 (a) Notice Of Claims. If an Indemnitee shall receive notice or otherwise
learn of the assertion by a Person (including any Governmental Authority) who is not a member of the Sara Lee Group or the HBI Group of any claim or of the commencement by any such Person of any Action (collectively, a “Third Party
Claim”) with respect to which an Indemnifying Party may be obligated to provide indemnification, Sara Lee and HBI (as applicable) will ensure that such Indemnitee shall give such Indemnifying Party prompt written notice thereof but in any
event within 10 calendar days after becoming aware of such Third Party Claim. Any such notice shall describe the Third Party Claim in reasonable detail. Notwithstanding the foregoing, the delay or failure of any Indemnitee or other Person to give
notice as provided in this Section 1.6(a) shall not relieve the related Indemnifying Party of its obligations under this Article I, except to the extent that such Indemnifying Party is actually and substantially prejudiced by such
delay or failure to give notice. 
 (b) Defense By Indemnifying Party. Except in the case of a Third Party Claim which
seeks injunctive relief, declaratory judgment or other non-monetary relief, an Indemnifying Party may elect, at its cost, risk and expense, to assume the defense of such Third Party Claim, with counsel reasonably satisfactory to the Indemnitee
seeking indemnification. After timely notice from the Indemnifying Party to the Indemnitee of such election to assume the defense of a Third Party Claim, such Indemnitee shall have the right to employ separate counsel and to participate in (but not
control) the defense, compromise, or settlement thereof, but the Indemnifying Party shall not be liable to such Indemnitee for any legal or other expenses incurred by Indemnitee in connection with the defense thereof. The Indemnitee agrees to
cooperate in all reasonable respects with the Indemnifying Party and its counsel in the defense against any Third Party Claim. The Indemnifying Party, the Indemnitee and their respective counsels shall cooperate in good faith with any insurance
carriers which are providing, or may 

  

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provide, them with coverage with respect to such Third Party Claim. The Indemnifying Party shall be entitled to compromise or settle any Third Party Claim as
to which it is providing indemnification, which compromise or settlement shall be made only with the written consent of the Indemnitee, such consent not to be unreasonably withheld or delayed. 
 (c) Defense By Indemnitee. If an Indemnifying Party fails to assume the defense of a Third Party Claim within 25 calendar days
after receipt of notice of such claim or if the Indemnifying Party does not have the right to assume the defense of such claim, Indemnitee will, upon delivering notice to such effect to the Indemnifying Party, have the right to undertake the
defense, compromise or settlement of such Third Party Claim on behalf of and for the account of the Indemnifying Party subject to the limitations as set forth in this Section 1.6; provided, however, that such Third Party Claim shall not
be compromised or settled without the written consent of the Indemnifying Party, which consent shall not be unreasonably withheld or delayed. If the Indemnitee assumes the defense of any Third Party Claim, it shall keep the Indemnifying Party
reasonably informed of the progress of any such defense, compromise or settlement. The Indemnifying Party shall reimburse all such costs and expenses of the Indemnitee in the event it is ultimately determined that the Indemnifying Party is obligated
to indemnify the Indemnitee with respect to such Third Party Claim. In no event shall an Indemnifying Party be liable for any settlement effected without its consent, which consent will not be unreasonably withheld or delayed. 
 Section 1.7 Additional Matters. 
 (a) Cooperation In Defense And Settlement. With respect to any Third Party Claim that implicates both HBI and Sara Lee in a material fashion due to the allocation of Liabilities, responsibilities for management
of defense and related indemnities set forth in the Separation Agreement, this Agreement or any of the Ancillary Agreements, the Parties agree to cooperate fully and maintain a joint defense (in a manner that will preserve the attorney-client
privilege, joint defense or other privilege with respect thereto) so as to minimize such Liabilities and defense costs associated therewith. The party that is not responsible for managing the defense of such Third Party Claims shall, upon reasonable
request, be consulted with respect to significant matters relating thereto and may retain counsel to monitor or assist in the defense of such claims at its own cost. 
 (b) Certain Actions. Notwithstanding anything to the contrary set forth in Section 1.6, Sara Lee may, in its sole
discretion, elect to have exclusive authority and control over the investigation, prosecution, defense and appeal of all Actions pending at the Distribution Date which in any manner relate to or arise out of the Branded Apparel Business, the HBI
Assets or the HBI Liabilities if Sara Lee or a member of the Sara Lee Group is named as a party thereto (but excluding any such Actions which solely relate to or solely arise in connection with the Branded Apparel Business, the HBI Assets or the HBI
Liabilities); provided, however, that Sara Lee must obtain the written consent of HBI, such consent not to be unreasonably withheld or delayed, to settle or compromise or consent to the entry of judgment with respect to such Action. After any such
compromise, settlement, consent to entry of judgment or entry of judgment, Sara Lee shall reasonably and fairly allocate to HBI and HBI shall be responsible for HBI’s proportionate share of any such compromise, settlement, consent or judgment
attributable to the 

  

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Branded Apparel Business, the HBI Assets or the HBI Liabilities, including its proportionate share of the costs and expenses associated with defending same.

 (c) Substitution. In the event of an Action in which the Indemnifying Party is not a named defendant, if either the
Indemnitee or the Indemnifying Party shall so request, the Parties shall endeavor to substitute the Indemnifying Party for the named defendant. If such substitution or addition cannot be achieved for any reason or is not requested, the rights and
obligations of the Parties regarding indemnification and the management of the defense of claims as set forth in this Article I shall not be altered. 
 (d) Subrogation. In the event of payment by or on behalf of any Indemnifying Party to or on behalf of any Indemnitee in connection
with any Third Party Claim, such Indemnifying Party shall be subrogated to and shall stand in the place of such Indemnitee, in whole or in part based upon whether the Indemnifying Party has paid all or only part of the Indemnitee’s Liability,
as to any events or circumstances in respect of which such Indemnitee may have any right, defense or claim relating to such Third Party Claim against any claimant or plaintiff asserting such Third Party Claim or against any other Person. Such
Indemnitee shall cooperate with such Indemnifying Party in a reasonable manner, and at the cost and expense of such Indemnifying Party, in prosecuting any subrogated right, defense or claim. 
 (e) Not Applicable To Taxes. This Agreement shall not apply to Taxes (which are solely covered by the Tax Sharing Agreement).

 Section 1.8 Survival Of Indemnities. The rights and obligations of the members of the Sara Lee Group and the HBI Group under this
Article I shall survive the sale or other transfer by any party of any Assets or businesses or the assignment by it of any Liabilities or the sale by any member of the Sara Lee Group or the HBI Group of the capital stock or other equity
interests of any Subsidiary to any Person. 
 ARTICLE II 
 INSURANCE MATTERS 
 Section 2.1 Cooperation; Payment Of Insurance Proceeds To HBI; Agreement Not
To Release Carriers. Each of Sara Lee and HBI will share such information as is reasonably necessary in order to permit the other to manage and conduct its insurance matters in an orderly fashion. Each of Sara Lee and HBI shall use reasonable
best efforts to give notice on a timely basis to insurance carriers of claims relating to the Branded Apparel Business in accordance with the terms of the Sara Lee Insurance Policies. Sara Lee, at the request of HBI, shall cooperate with and use
reasonable best efforts to assist HBI in recovering Insurance Proceeds under Sara Lee Insurance Policies for claims relating to the Branded Apparel Business, the HBI Assets or the HBI Liabilities, whether such claims arise under any contract or
agreement, by operation of law or otherwise, existing or arising from any past acts or events occurring or failing to occur or alleged to have occurred or to have failed to occur on or before the Distribution Date or any conditions existing or
alleged to have existed on or before the Distribution Date, and shall promptly pay any such recovered Insurance Proceeds to HBI. Neither Sara Lee nor HBI, nor any of their Subsidiaries, shall take any action which would intentionally jeopardize or
otherwise interfere with either Party’s ability to collect any proceeds payable pursuant to any insurance 

  

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policy. Except as otherwise contemplated by the Separation Agreement, this Agreement or any Ancillary Agreement, after the Distribution Date, neither Sara
Lee nor HBI shall (and each Party shall ensure that no member of the such Party’s Group shall), without the consent of the other, provide any insurance carrier with a release, or amend, modify or waive any rights under any such policy or
agreement, if such release, amendment, modification or waiver would adversely affect any rights or potential rights of any member of the Sara Lee Group or the HBI Group thereunder. However, nothing in this Section 2.1 shall
(a) preclude any member of the Sara Lee Group or the HBI Group from presenting any claim or from exhausting any policy limit, (b) require any member of the Sara Lee Group or the HBI Group to pay any premium or other amount or to incur any
Liability (other than premiums or other amounts for which HBI will reimburse Sara Lee, or Liabilities for which HBI will indemnify Sara Lee, under the terms of this Agreement), or (c) require any member of the Sara Lee Group or the HBI Group to
renew, extend or continue any policy in force (provided, however, that before making any decision to decline any insurance policy, Sara Lee shall use reasonable best efforts to provide HBI with the option, at HBI’s sole expense, of purchasing
extended coverage with respect to claims arising from events during the original policy period, if extended coverage is available). Each of Sara Lee and HBI shall use reasonable best efforts to give prompt notice to the other if it is making claims
under the Sara Lee Insurance Policies which it believes may exhaust the limits of one or more of those policies. Nothing in this Agreement is intended to relieve any insurance carrier or provider of any Liability under any policy. 
 Section 2.2 HBI Insurance Coverage After The Distribution Date. 
 (a) Generally. From and after the Distribution Date, HBI shall be responsible for obtaining and maintaining insurance programs for
its risk of loss incurred after the Distribution Date, and such insurance arrangements shall be separate and apart from Sara Lee’s insurance programs. Upon the request of HBI, Sara Lee shall use reasonable best efforts to assist HBI in the
transition to its own separate insurance programs from and after the Distribution Date, and shall provide HBI with any information that is in the possession of Sara Lee and is reasonably available and necessary for HBI to either obtain its own
insurance coverages or to assist HBI in preventing unintended self-insurance, in whatever form. 
 (b) Sara Lee
Guarantees. HBI agrees that from and after the Distribution Date and for so long as there is a Sara Lee Guarantee obligation outstanding, HBI (i) will take all actions necessary and consistent with Sara Lee’s current insurance
practices, to purchase and maintain insurance coverage of substantially the same types and in reasonable amounts on any liability that is the subject of any Sara Lee Guarantee then in effect and (ii) provide that Sara Lee be an “additional
insured” under those liability policies of HBI which are solely controlled by HBI in respect of Liabilities that Sara Lee may incur as a result of any Sara Lee Guarantee obligation with respect to the Branded Apparel Business, the HBI Assets or
the HBI Liabilities, at no premium cost to Sara Lee therefor, such that Sara Lee has rights to coverage thereunder no less than the rights conferred on any other insured to the extent of its interest therein. During the applicable period set forth
in the first sentence of this Section 2.2(b), HBI will use all reasonable best efforts to ensure that all of HBI’s liability policies to which the preceding sentence applies provide that Sara Lee will be given at least 60 days
advance written notice by the insurer of any cancellation of such policies, a reduction in coverage thereunder, or any deletion of Sara Lee as an “additional insured,” and HBI shall not cancel any such policy or reduce the coverage 

  

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available thereunder in any manner detrimental to Sara Lee, without Sara Lee’s prior written consent, not to be unreasonably withheld or delayed. Sara
Lee agrees to promptly release HBI from its obligations under this Section 2.2(b) following the date on which there are no Sara Lee Guarantee obligations outstanding. 
 Section 2.3 Responsibilities For Deductibles And/Or Self-Insured Obligations. HBI will reimburse Sara Lee on a monthly basis for (a) all
amounts necessary to exhaust or otherwise satisfy all applicable self-insured retentions, amounts for fronted policies, deductibles and retrospective premium adjustments and similar amounts not covered by Insurance Policies in connection with HBI
Liabilities and Insured HBI Liabilities to the extent that Sara Lee is required to pay any such amounts and (b) the costs of all letters of credit and other collateral required to be maintained by Sara Lee in connection with HBI Liabilities and
Insured HBI Liabilities (or, at Sara Lee’s option, HBI shall post a letter of credit or other collateral directly with the insurer, governmental agency or other entity in question if those entities so permit). 
 Section 2.4 Procedures With Respect To Insured HBI Liabilities. 
 (a) Reimbursement. HBI will reimburse Sara Lee for all amounts incurred to pursue insurance recoveries from Insurance Policies for
Insured HBI Liabilities. 
 (b) Management Of Claims. The defense of claims, suits or actions giving rise to potential
or actual Insured HBI Liabilities will be managed (in cooperation with Sara Lee’s insurers, as appropriate) by the Party that would have had responsibility for managing such claims, suits or actions had such Insured HBI Liabilities been HBI
Liabilities. 
 Section 2.5 Insufficient Limits Of Liability For Sara Lee Liabilities And HBI Liabilities. 
 (a) General Principle. Proceeds from Sara Lee’s Insurance Policies shall be available to HBI and Sara Lee on a “first
come, first served” basis; provided that if there are insufficient limits of liabilities available under Sara Lee’s Insurance Policies to cover the Liabilities of Sara Lee and/or HBI that would otherwise be covered by such Insurance
Policies, then to the extent other insurance is not available to Sara Lee and/or HBI for such Liabilities an adjusting payment will be made by one of the Parties in accordance with Section 2.5(b). 
 (b) Adjusting Payment. If (i) the proceeds received by one Party under Sara Lee’s Insurance Policies exceed that
Party’s Shared Percentage of the total coverage available under those Insurance Policies (the “Overallocated Party”), (ii) those Insurance Policies are exhausted by the claims of one or both of the Parties, and
(iii) the other Party has Liabilities which cannot be paid under those Insurance Policies due to the exhaustion of those policies or because an insurer becomes insolvent (the “Underallocated Party”), then the Overallocated
Party shall make a payment to the Underallocated Party in an amount which will result in the Underallocated Party having received, after taking into account actual insurance proceeds received by the Underallocated Party under the Sara Lee Insurance
Policies and any insolvent insurer distributions or guarantee fund payments and the adjusting payment (and previous adjusting payments made under this Section 2.5), proceeds equal to the lesser of (x) the Underallocated Party’s
Shared Percentage of the total coverage or (y) the amount of Liabilities of 

  

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the Underallocated Party. The Parties shall make adjusting payments under this Section 2.5 at any time and from time to time when there is an
Underallocated Party. The requirement to make an adjusting payment under this Section shall terminate ten years after the Distribution Date, except with respect to any matters in dispute between the Parties at that time. 
 (c) Illustrations. The following illustrations are intended to provide guidance concerning how this Section 2.5 is
intended to apply to claims implicating insurance policies issued prior to the Distribution Date. 
 (i) Illustration
No. 1. Ten separate claims are brought arising from ten separate “occurrences,” each resulting in an HBI Liability of $10 million. The self-insured retention is $10 million “per occurrence.” Result: This Section 2.5
is inapplicable. 
 (ii) Illustration No. 2. Ten separate claims are brought arising from ten separate
“occurrences,” each resulting in an HBI Liability of $40 million, for a total of $400 million. Fifteen separate claims are brought arising from fifteen separate “occurrences,” each resulting in a Liability to Sara Lee of $40
million, for a total of $600 million. The limits of liability in the Insurance Policies applicable to the claims is $200 million. The self-insured retention is $10 million “per occurrence,” leaving a remaining liability (after the payment
of self-insured retentions) of $30 million “per occurrence,” or $300 million in the aggregate for HBI and $450 million in the aggregate for Sara Lee. The HBI Liabilities are incurred prior to the Liabilities incurred by Sara Lee, and paid
for by Sara Lee’s Insurance Policies, which are exhausted, by these payments. This leaves HBI with an additional liability of $100 million (plus its self-insured retentions of $100 million). Result: The $200 million from the Insurance Policies
is split 85/15: $170 million is allocated to Sara Lee and $30 million is allocated to HBI. HBI should pay Sara Lee $170 million, Sara Lee’s share of the coverage amount. 
 (iii) Illustration No. 3. Same as Illustration No. 2, except that Sara Lee’s claims ($200 million) were paid
for by Sara Lee’s Insurance Policies in effect prior to the Distribution Date, which are exhausted by these payments. This leaves HBI with a liability of $300 million (plus its self-insured retentions of $100 million). Sara Lee should pay HBI
$10 million. 
 (iv) Illustration No. 4. Ten separate claims are brought arising from ten separate
“occurrences,” each resulting in an HBI Liability of $40 million, for a total of $400 million. Five separate claims are brought arising from five separate “occurrences,” each resulting in a Liability to Sara Lee of $40 million,
for a total of $200 million. The limits of liability in the Insurance Policies applicable to the claims is $200 million. The self-insured retention is $10 million “per occurrence,” leaving a remaining liability (after the payment of
self-insured retentions) of $30 million “per occurrence,” or $300 million in the aggregate for HBI and $150 million in the aggregate for Sara Lee. The HBI Liabilities are incurred prior to the Liabilities incurred by Sara Lee, and paid for
by Sara Lee’s Insurance Policies, which are exhausted, by these payments. This leaves HBI with an additional liability of $100 million (plus its self-insured retentions of $100 million). Result: The $200 million from the Insurance Policies is
split 85/15: $170 million is 

  

 11 

 
allocated to Sara Lee and $30 million is allocated to HBI. However, since the Liabilities of Sara Lee are less than its Shared Percentage of the total
coverage, HBI should pay Sara Lee $150 million, the amount of Sara Lee’s Liabilities. 
 Section 2.6 Cooperation. Sara Lee and
HBI will cooperate in good faith with each other in all respects, and they shall execute any additional documents which are reasonably necessary, to effectuate the provisions of this Article II. 
 Section 2.7 No Assignment Or Waiver. This Agreement shall not be considered as an attempted assignment of any policy of insurance or as a contract
of insurance and shall not be construed to waive any right or remedy of any member of the Sara Lee Group in respect of any Insurance Policy or any other contract or policy of insurance. 
 Section 2.8 No Liability. HBI does hereby, for itself and each other member of the HBI Group, agree that no member of the Sara Lee Group or any
Sara Lee Indemnitee shall have any Liability whatsoever as a result of the insurance policies and practices of Sara Lee and its Subsidiaries as in effect at any time prior to the Distribution Date, including as a result of the level or scope of any
such insurance, the creditworthiness of any insurance carrier, the terms and conditions of any policy or otherwise. 
 Section 2.9 Further
Agreements. The Parties acknowledge that they intend to allocate financial obligations without violating any laws regarding insurance, self-insurance or other financial responsibility. If it is determined that any action undertaken pursuant to
the Separation Agreement, this Agreement or any Ancillary Agreement is violative of any insurance, self-insurance or related financial responsibility law or regulation, the Parties agree to work together to do whatever is necessary to comply with
such law or regulation while trying to accomplish, as much as possible, the allocation of financial obligations as intended in the Separation Agreement, this Agreement and any Ancillary Agreement. 
 Section 2.10 Workers’ Compensation Claims. HBI shall be responsible for all Liabilities relating to, arising out of or resulting from all
workers’ compensation or similar claims by current or former employees of the Sara Lee Group based on employment with the Branded Apparel Business. All such workers’ compensation and similar claims made prior to the Distribution Date shall
be paid under the Sara Lee Workers’ Compensation Plan. Sara Lee shall continue to administer, or cause to be administered, the Sara Lee Workers’ Compensation Plan in accordance with its terms and applicable law. HBI shall fully cooperate
with Sara Lee and its insurance company in the reporting and administration of claims under the Sara Lee Workers’ Compensation Plan. HBI shall be entitled to manage and settle HBI Claims, subject to the terms of the Sara Lee Workers’
Compensation Plan. HBI shall consult and cooperate with Sara Lee and its insurance company in its claims management and settlement activities. From and after the Distribution Date, HBI shall maintain with Sara Lee a $400,000 deposit to pay the costs
related to HBI’s participation in the Sara Lee Workers’ Compensation Plan. Sara Lee shall provide HBI with a statement showing the amount of costs paid out of the deposit during each month and HBI shall, within 15 days following its
receipt of each such statement, deposit with Sara Lee additional funds in an amount sufficient to return the deposit balance to $400,000 (giving effect to the payments shown in such monthly statement). HBI shall maintain such deposit balance of
$400,000 with Sara Lee until the date on which the average HBI Claims paid 

  

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under the Sara Lee Workers’ Compensation Plan over four consecutive months is less than $225,000 per month, upon which time the average deposit balance
shall be reduced to $200,000. The requirement to maintain such deposit balance of $200,000 shall terminate when the average of all HBI Claims paid under the Sara Lee Workers’ Compensation Plan over four consecutive months is less than $100,000
per month. 
 Section 2.11 Matters Governed By Employee Matters Agreement. This Article II shall not apply to any insurance
policies that are the subject of the Employee Matters Agreement. 
 Section 2.12 Other Agreements Evidencing Indemnification
Obligations. Sara Lee hereby agrees to execute, for the benefit of any HBI Indemnitee, such documents as may be reasonably requested by such HBI Indemnitee, evidencing Sara Lee’s agreement that the indemnification obligations of Sara Lee
set forth in this Agreement inure to the benefit of and are enforceable by such HBI Indemnitee. HBI hereby agrees to execute, for the benefit of any Sara Lee Indemnitee, such documents as may be reasonably requested by such Sara Lee Indemnitee,
evidencing HBI’s agreement that the indemnification obligations of HBI set forth in this Agreement inure to the benefit of and are enforceable by such Sara Lee Indemnitee. 
 ARTICLE III 
 MISCELLANEOUS 
 Section 3.1 Entire Agreement; Incorporation Of Schedules And Exhibits. This Agreement (including all Schedules and Exhibits referred to herein),
the Separation Agreement and the other Ancillary Agreements constitute the entire agreement among the Parties with respect to the subject matter hereof and thereof and supersede all prior agreements and understandings, both written and oral, among
the Parties with respect to the subject matter hereof and thereof. All Schedules and Exhibits referred to herein are hereby incorporated in and made a part of this Agreement as if set forth in full herein. 
 Section 3.2 Amendments And Waivers. This Agreement may be amended and any provision of this Agreement may be waived, provided that any such
amendment or waiver shall be binding upon a Party only if such amendment or waiver is set forth in a writing executed by such Party. No course of dealing between or among any Persons having any interest in this Agreement shall be deemed effective to
modify, amend or discharge any part of this Agreement or any rights or obligations of any Party under or by reason of this Agreement. 
 Section 3.3 No Implied Waivers; Cumulative Remedies; Writing Required. No delay or failure in exercising any right, power or remedy hereunder shall affect or operate as a waiver thereof; nor shall any single or partial exercise
thereof or any abandonment or discontinuance of steps to enforce such a right, power or remedy preclude any further exercise thereof or of any other right, power or remedy. The rights and remedies hereunder are cumulative and not exclusive of any
rights or remedies that any Party hereto would otherwise have. Any waiver, permit, consent or approval of any kind or character of any breach or default under this Agreement or any such waiver of any provision of this Agreement must satisfy the
conditions set forth in Section 3.2 and shall be effective only to the extent in such writing specifically set forth. 
  

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 Section 3.4 Parties In Interest. Nothing in this Agreement, express or implied, is intended to
confer on any Person other than the Parties, their respective Groups, and their respective successors and permitted assigns, any rights or remedies of any nature whatsoever under or by virtue of this Agreement. 
 Section 3.5 Assignment; Binding Agreement. Neither this Agreement nor any of the rights, interests or obligations under this Agreement shall be
assigned, in whole or in part, by operation of law or otherwise by any of the Parties without the prior written consent of the other Parties, and any instrument purporting to make such an assignment without prior written consent shall be void;
provided, however, either Party may assign this Agreement to a successor entity in conjunction with a merger effectuated solely for the purpose of changing such Party’s state of incorporation (but subject to any applicable requirements of the
Tax Sharing Agreement). Subject to the preceding sentence, this Agreement will be binding upon, inure to the benefit of, and be enforceable by, the Parties and their respective successors and permitted assigns. 
 Section 3.6 Notices. All notices, demands and other communications given under this Agreement must be in writing and must be either personally
delivered, telecopied (and confirmed by telecopy answer back), mailed by first class mail (postage prepaid and return receipt requested), or sent by reputable overnight courier service (charges prepaid) to the recipient at the address or telecopy
number indicated below or such other address or telecopy number or to the attention of such other Person as the recipient party shall have specified by prior written notice to the sending party. Any notice, demand or other communication under this
Agreement shall be deemed to have been given when so personally delivered or so telecopied and confirmed (if telecopied before 5:00 p.m. Eastern Standard Time on a business day, and otherwise on the next business day), or if sent, one business day
after deposit with an overnight courier, or, if mailed, five business days after deposit in the U.S. mail. 
 Sara Lee Corporation

 Three First National Plaza 
 Chicago, Illinois 60602-4260 
 Attention: General Counsel 
 Facsimile Number: (312) 419-3187 
 Hanesbrands Inc. 
 1000 East Hanes Mill Road 
 Winston-Salem, North Carolina 27105 
 Attention: General Counsel 
 Facsimile Number: (336) 714-7441 
 Section 3.7 Severability. The Parties agree that (a) the provisions of this Agreement shall be severable in the event that for any reason whatsoever any of the provisions hereof are invalid, void or otherwise unenforceable,
(b) any such invalid, void or otherwise unenforceable provisions shall be replaced by other provisions which are as similar as possible in terms to such invalid, void or otherwise unenforceable provisions but are valid and enforceable, and
(c) the remaining provisions shall remain valid and enforceable to the fullest extent permitted by applicable law. 
  

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 Section 3.8 Governing Law. All questions concerning the construction, validity and interpretation
of this Agreement shall be governed by and construed in accordance with the domestic laws of the State of Illinois, without giving effect to any choice of law or conflict of law provision (whether of the State of Illinois or any other jurisdiction)
that would cause the application of the laws of any jurisdiction other than the State of Illinois. 
 Section 3.9 Submission To
Jurisdiction. SUBJECT TO SECTION 3.12, EACH OF THE PARTIES IRREVOCABLY SUBMITS (FOR ITSELF AND IN RESPECT OF ITS PROPERTY) TO THE JURISDICTION OF ANY STATE OR FEDERAL COURT SITTING IN CHICAGO, ILLINOIS, OR FORSYTH COUNTY, NORTH CAROLINA OR
GUILDFORD COUNTY, NORTH CAROLINA, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT AND AGREES THAT ALL CLAIMS IN RESPECT OF THE ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT; PROVIDED THAT THE PARTIES MAY
BRING ACTIONS OR PROCEEDINGS AGAINST EACH OTHER IN OTHER JURISDICTIONS TO THE EXTENT NECESSARY TO IMPLEAD THE OTHER PARTY IN ANY ACTION COMMENCED BY A THIRD PARTY THAT IS RELATED TO THIS AGREEMENT. EACH PARTY ALSO AGREES NOT TO BRING ANY ACTION OR
PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT IN ANY OTHER COURT OR IN OTHER JURISDICTIONS UNLESS SUCH ACTIONS OR PROCEEDINGS ARE NECESSARY TO IMPLEAD THE OTHER PARTY IN ANY ACTION COMMENCED BY A THIRD PARTY THAT IS RELATED TO THIS
AGREEMENT. EACH OF THE PARTIES WAIVES ANY DEFENSE OF INCONVENIENT FORUM TO THE MAINTENANCE OF ANY ACTION OR PROCEEDING SO BROUGHT AND WAIVES ANY BOND, SURETY, OR OTHER SECURITY THAT MIGHT BE REQUIRED OF ANY OTHER PARTY WITH RESPECT THERETO. ANY
PARTY MAY MAKE SERVICE ON ANY OTHER PARTY BY SENDING OR DELIVERING A COPY OF THE PROCESS TO THE PARTY TO BE SERVED AT THE ADDRESS AND IN THE MANNER PROVIDED FOR THE GIVING OF NOTICES IN SECTION 3.6 ABOVE. NOTHING IN THIS SECTION 3.9,
HOWEVER, SHALL AFFECT THE RIGHT OF ANY PARTY TO SERVE LEGAL PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR AT EQUITY. EACH PARTY AGREES THAT A FINAL NONAPPEALABLE JUDGMENT IN ANY ACTION OR PROCEEDING SO BROUGHT SHALL BE CONCLUSIVE AND MAY BE
ENFORCED BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW OR AT EQUITY. 
 Section 3.10 Waiver Of Jury Trial. AS A
SPECIFICALLY BARGAINED FOR INDUCEMENT FOR EACH OF THE PARTIES HERETO TO ENTER INTO THIS AGREEMENT (AFTER HAVING THE OPPORTUNITY TO CONSULT WITH COUNSEL), EACH PARTY EXPRESSLY WAIVES THE RIGHT TO TRIAL BY JURY IN ANY LAWSUIT OR PROCEEDING RELATING TO
OR ARISING IN ANY WAY FROM THIS AGREEMENT OR THE MATTERS CONTEMPLATED HEREBY. 
 Section 3.11 Amicable Resolution. The Parties desire
that friendly collaboration will develop between them. Accordingly, they will try to resolve in an amicable manner all disputes and disagreements connected with their respective rights and obligations under this Agreement in accordance with
Section 6.12 of the Separation Agreement. 
  

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 Section 3.12 Arbitration. Except for suits seeking injunctive relief or specific performance or in
the event of any impleader action arising from any proceeding commenced by a third party that relates to this Agreement, in the event of any dispute, controversy or claim arising under or in connection with this Agreement (including any dispute,
controversy or claim relating to the breach, termination or validity thereof), the Parties shall submit any such dispute, controversy or claim to binding arbitration in accordance with Section 6.13 of the Separation Agreement. 
 Section 3.13 Construction. The descriptive headings herein are inserted for convenience of reference only and are not intended to be a substantive
part of or to affect the meaning or interpretation of this Agreement. Whenever required by the context, any pronoun used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular forms of nouns,
pronouns, and verbs shall include the plural and vice versa. Reference to any agreement, document, or instrument means such agreement, document, or instrument as amended or otherwise modified from time to time in accordance with the terms thereof,
and if applicable hereof. The use of the words “include” or “including” in this Agreement shall be by way of example rather than by limitation. The use of the words “or,” “either” or “any” shall not
be exclusive. The Parties have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the Parties
hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement. The Parties agree that prior drafts of this Agreement shall be deemed not to provide
any evidence as to the meaning of any provision hereof or the intent of the Parties hereto with respect hereto. 
 Section 3.14
Counterparts. This Agreement may be executed in multiple counterparts (any one of which need not contain the signatures of more than one party), each of which shall be deemed to be an original but all of which taken together shall constitute
one and the same agreement. 
 Section 3.15 Limitation On Damages. Each Party irrevocably waives, and no Party shall be entitled to
seek or receive from the other Party, consequential, special, indirect or incidental damages (including without limitation damages for loss of profits) or punitive damages, regardless of how such damages were caused and regardless of the theory of
liability; provided , however, that to the extent an Indemnified Party is required to pay any consequential, special, indirect or incidental damages (including without limitation damages for loss of profits) or punitive damages to a third party in
connection with a Third Party Claim, such damages shall constitute direct damages and not be subject to the limitations set forth in this Section 3.15. 
 Section 3.16 Delivery By Facsimile Or Other Electronic Means. This Agreement, and any amendments hereto, to the extent signed and delivered by means of a facsimile machine or other electronic transmission,
shall be treated in all manner and respects as an original contract and shall be considered to have the same binding legal effects as if it were the original signed version thereof delivered in person. At the request of any Party, each other Party
shall re-execute original forms thereof and deliver them to all other Parties. No Party shall raise the use of a facsimile machine or other electronic means to deliver a signature or the fact that any signature 

  

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was transmitted or communicated through the use of facsimile machine or other electronic means as a defense to the formation of a contract and each such
Party forever waives any such defense. 
 ARTICLE IV 
 DEFINITIONS 
 Capitalized terms used herein and not otherwise defined herein shall have the meanings
set forth in the Separation Agreement. In addition, for purposes of this Agreement, the following terms shall have the following meanings: 
 “Action” means any demand, action, suit, countersuit, arbitration, inquiry, proceeding or investigation by or before any federal, state, local, foreign or international governmental authority or any arbitration or mediation
tribunal, other than any demand, action, suit, countersuit, arbitration, inquiry, proceeding or investigation relating to Taxes. 
 “Contract” means any contract, agreement, lease, license, sales order, purchase order, instrument or other commitment that is binding on any Person or any part of its property under applicable law. 
 “Employee Matters Agreement” means the Employee Matters Agreement attached as Exhibit A to the Separation Agreement. 
 “Environmental Actions” means any notice or disclosure to or any, claim, act, cause of action, order, decree or investigation by any
third party (including, without limitation, any Governmental Authority) alleging potential liability (including potential liability for investigatory costs, cleanup costs, governmental response costs, natural resources damages, damage to flora or
fauna caused by Environmental Conditions, real property damages, personal injuries or penalties) arising out of, based on or resulting from the Release of or exposure of any individual to any Hazardous Materials or any violation of Environmental
Laws. 
 “Environmental Conditions” means the presence in the environment, including the soil, groundwater, surface water or
ambient air, of any Hazardous Materials at a level which exceeds any applicable standard or threshold under any Environmental Law or otherwise requires investigation or remediation (including, without limitation, investigation, study, health or risk
assessment, monitoring, removal, treatment or transport) under any applicable Environmental Laws. 
 “Environmental Laws”
means all laws and regulations of any Governmental Authority with jurisdiction that relate to the protection of the environment (including ambient air, surface water, ground water, land surface or subsurface strata) including laws, regulations,
ordinances, permits, licenses or any other binding legal obligation in effect now or in the future relating to the Release of Hazardous Materials, or otherwise relating to the treatment, storage, disposal, transport or handling of Hazardous
Materials, or to the exposure of any individual to a Release of Hazardous Materials. 
 “Final Determination” has the
meaning set forth in the Tax Sharing Agreement. 
  

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 “Hazardous Materials” means chemicals, pollutants, contaminants, wastes, toxic
substances, radioactive and biological materials, hazardous substances, petroleum and petroleum products or any fraction thereof, including, without limitation, such substances referred to by such terms as defined in any Environmental Laws.

 “HBI Covered Parties” has the meaning set forth in Section 2.1(a) of this Agreement. 
 “HBI Facilities” means all of those interests in real estate to be transferred to HBI under the Real Estate Matters Agreement, and any
other facilities owned, leased or operated by or associated with the Branded Apparel Business, the HBI Group or NT LLC at any time before, on or after the Distribution Date (including without limitation the former facilities listed on
Schedule 2 hereto); provided, however, that for the avoidance of doubt the HBI Facilities shall not include the real property and improvements listed on Schedule 1 hereto. 
 “HBI Indemnitees” means HBI, each member of the HBI Group and each of their respective successors and assigns, and all Persons who are
or have been stockholders, directors, partners, managers, managing members, officers, agents or employees of any member of the HBI Group (in each case, in their respective capacities as such), and their respective heirs, executors, administrators,
successors and assigns. 
 “Indemnifying Party” means any party which may be obligated to provide indemnification to an
Indemnitee pursuant to Sections 1.2, 1.3 or 1.4 hereof or any other section of the Separation Agreement or any Ancillary Agreement. 
 “Indemnitee” means any party which may be entitled to indemnification from an Indemnifying Party pursuant to Sections 1.2, 1.3 or 1.4 hereof or any other section of the Separation
Agreement or any Ancillary Agreement. 
 “Insurance Policies” means insurance policies pursuant to which a Person makes a
true risk transfer to an insurer. 
 “Insurance Proceeds” means those monies: (i) received by an insured from an
insurance carrier; (ii) paid by an insurance carrier on behalf of the insured; or (iii) from Insurance Policies. 
 “Insured HBI Liability” means any HBI Liability to the extent that (i) it is covered under the terms of Sara Lee’s Insurance Policies in effect prior to the Distribution Date, and (ii) HBI is not a named
insured under, or otherwise entitled to the benefits of, such Insurance Policies. 
 “Liabilities” means all debts,
liabilities, guarantees, assurances, commitments and obligations, whether fixed, contingent or absolute, asserted or unasserted, matured or unmatured, liquidated or unliquidated, accrued or not accrued, known or unknown, due or to become due,
whenever or however arising (including, without limitation, whether arising out of any Contract or tort based on negligence or strict liability) and whether or not the same would be required by generally accepted principles and accounting policies
to be reflected in financial statements or disclosed in the notes thereto. 
 “Loss” and “Losses” mean any
and all damages, losses, deficiencies, Liabilities, obligations, penalties, judgments, settlements, claims, payments, fines, interest, costs and 

  

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expenses (including, without limitation, the costs and expenses of any and all Actions and demands, assessments, judgments, settlements and compromises
relating thereto and the costs and expenses of attorneys’, accountants’, consultants’ and other professionals’ fees and expenses incurred in the investigation or defense thereof or the enforcement of rights hereunder), including
direct and consequential damages, but excluding punitive damages (other than punitive damages awarded to any third party against an indemnified party); provided, however, that the term “Loss” as used in this Agreement is not intended to
supersede the term “Loss” when used in, or defined by, the Insurance Policies. 
 “NT LLC” means National
Textiles, L.L.C., a Delaware limited liability company. 
 “Parties” means the parties to this Agreement. 
 “Person” means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock company, a trust,
a joint venture, an unincorporated organization and a governmental entity or any department, agency or political subdivision thereof. 
 “Release” means any release, spill, emission, leaking, pumping, injection, deposit, disposal, discharge, dispersal, leaching or migration into the indoor or outdoor environment, including, without limitation, the movement
of Hazardous Materials through ambient air, soil, surface water, groundwater, wetlands, land or subsurface strata. 
 “Sara Lee
Guarantee” means any loan, financing, lease, contract or other obligation in existence as of the Distribution Date pertaining to the Branded Apparel Business, HBI Assets or HBI Liabilities for which Sara Lee is or may be liable, as
guarantor, original tenant, primary obligor or otherwise. 
 “Sara Lee Indemnitees” means Sara Lee, each member of the Sara
Lee Group and each of their respective successors and assigns, and all Persons who are or have been stockholders, directors, partners, managers, managing members, officers, agents or employees of any member of the Sara Lee Group (in each case, in
their respective capacities as such), and their respective heirs, executors, administrators, successors and assigns. 
 “Sara Lee
Portion” means all information set forth in, or incorporated by reference in Registration Statement, to the extent such information relates exclusively to (a) Sara Lee and the Sara Lee Group (other than the HBI Group), (b) the
Sara Lee Business (other than the Branded Apparel Business), (c) Sara Lee’s intentions with respect to the Separation or the Distribution or (d) the terms of the Separation or the Distribution, including, without limitation, the form,
structure and terms of any transaction(s) to effect the Separation or the Distribution and the timing of and conditions to the consummation of the Separation or the Distribution. 
 “Separation Agreement” has the meaning set forth in the preamble of this Agreement. 
 “Shared HBI Percentage” means 15%. 
 “Shared Percentage” means the Shared HBI Percentage or the Shared Sara Lee Percentage, as the case may be. 
  

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 “Shared Sara Lee Percentage” means 85%. 
 “Subsidiary” of any Person means a corporation or other organization whether incorporated or unincorporated of which at least a majority
of the securities or interests having by the terms thereof ordinary voting power to elect at least a majority of the board of directors or others performing similar functions with respect to such corporation or other organization is directly or
indirectly owned or controlled by such Person or by any one or more of its Subsidiaries, or by such Person and one or more of its Subsidiaries; provided, however, that no Person that is not directly or indirectly wholly-owned by any other Person
shall be a Subsidiary of such other Person unless such other Person controls, or has the right, power or ability to control, that Person. 
 “Tax Sharing Agreement” means the Tax Sharing Agreement, attached as Exhibit E to the Separation Agreement. 
 “Tax and Taxes” have the meaning set forth in the Tax Sharing Agreement. 
 “Tax Benefit” has the
meaning set forth in the Tax Sharing Agreement. 
 “Tax Detriment” has the meaning set forth in the Tax Sharing Agreement.

 “Third Party Claim” has the meaning set forth in Section 1.6(a) of this Agreement. 
 [SIGNATURE PAGE FOLLOWS] 
  

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 IN WITNESS WHEREOF, each of the Parties has caused this Indemnification and Insurance Matters Agreement
to be executed on its behalf by its officers hereunto duly authorized on the day and year first above written. 
  

			
	 SARA LEE CORPORATION

		
	 By:
	 	  
		 	 Name:

		 	 Title:

	
	 HANESBRANDS INC.

		
	 By:
	 	  
		 	 Name:

		 	 Title:

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