Document:

Limited Waiver to Term Loan  Agreement

 Exhibit 10.3 
 LIMITED WAIVER TO TERM LOAN AGREEMENT 
 This LIMITED WAIVER TO TERM LOAN AGREEMENT (this
“Limited Waiver”) is entered into as of April 20, 2007 by and among BURLINGTON MORELOS, S.A. DE C.V., a Mexican stock limited liability corporation (sociedad anónima de capital variable) (the
“Borrower”), GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation, for itself as a Lender and as Agent, and the other Lenders signatory hereto. Unless otherwise specified herein, capitalized terms used in this Limited Waiver
shall have the meanings ascribed to them in to the Term Loan Agreement (as hereinafter defined). 
 RECITALS: 
 WHEREAS, the Borrower, the Agent and the Lenders entered into that certain Term Loan Agreement dated as of December 29, 2006 (as amended, restated,
replaced, supplemented or otherwise modified from time to time, the “Term Loan Agreement”): and 
 WHEREAS, the parties to
the Term Loan Agreement have agreed to a limited waiver to the Term Loan Agreement as set forth herein; 
 NOW, THEREFORE, in consideration
of the premises contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1 Limited Waiver to Term Loan Agreement. The Agent and Lenders hereby waive any breach of Section 6.2(c) of the Term Loan
Agreement, and any Default or Event of Default as a result thereof, solely to the extent that Borrower failed to deliver the financial statements (and related deliveries required by Section 6.2(c)) for the fiscal months ending
January 31, 2007 and February 28, 2007, in each case on or prior to the dates required to be delivered thereunder; provided, however, that Borrower delivers to Agent the monthly financial statements (and related deliveries)
described above on or prior to April 30, 2007. 
 2 Representations and Warranties. In order to induce Agent and the
Lenders to enter into this Limited Waiver, the Borrower represents and warrants to Agent and each Lender (which representations and warranties shall survive the execution and delivery of this Limited Waiver), that: 
 (a) the execution, delivery and performance by the Borrower of this Limited Waiver has been duly authorized by all necessary corporate
action and this Limited Waiver is a legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its terms; and 
 (b) upon the effectiveness of this Limited Waiver, all of the representations and warranties contained in the Term Loan Agreement and in the other Loan Documents (other than those which speak expressly only as of an
earlier date) are true and correct in all material respects on and as of the date of the effectiveness of this Limited Waiver after giving effect to this Limited Waiver and the transactions contemplated hereby. 

 3 Miscellaneous. 
 3.1 Effect; Ratification. 
 (a) Except as specifically set forth above, the Term Loan Agreement and the other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed. 
 (b) The execution, delivery and effectiveness of this Limited Waiver shall not operate as a waiver of any right, power or remedy of Agent
or any Lender under the Term Loan Agreement or any other Loan Document, nor constitute amendment of any provision of the Term Loan Agreement or any other Loan Document, except as specifically set forth herein. Upon the effectiveness of this Limited
Waiver, each reference in the Term Loan Agreement to “this Agreement”, “hereunder”, “hereof, “herein” or words of similar import shall mean and be a reference to the Term Loan Agreement as amended hereby.

 (c) The Borrower acknowledges and agrees that the limited waiver set forth herein is effective solely for the purposes set
forth herein and that the execution and delivery by Agent of this Limited Waiver shall not be deemed (i) except as expressly provided in this Limited Waiver, to be a consent to any amendment, waiver or modification of any term or condition of
the Term Loan Agreement or of any other Loan Document, (ii) to create a course of dealing or otherwise obligate Agent or Lenders to forbear, waive, consent or execute similar amendments under the same or similar circumstances in the future, or
(iii) to amend, prejudice, relinquish or impair any right of Agent or Lenders to receive any indemnity or similar payment from any Person or entity as a result of any matter arising from or relating to this Limited Waiver. 
 3.2 Counterparts and Signatures by Fax. This Limited Waiver may be executed in any number of counterparts, each such
counterpart constituting an original but all together one and the same instrument. Any party delivering an executed counterpart of this Limited Waiver by fax shall also deliver an original executed counterpart, but the failure to do so shall not
affect the validity, enforceability or binding effect of this Limited Waiver. 
 3.3 Severability. In case any
provision in or obligation under this Limited Waiver shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any
other jurisdiction, shall not in any way be affected or impaired thereby. 
 3.4 Loan Document. This Limited
Waiver shall constitute a Loan Document. 
 3.5 GOVERNING LAW. THIS WAIVER AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL, IN ALL RESPECTS, INCLUDING MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK (WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES
THEREOF, OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 
 [Signature Pages Follows] 
  

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 IN WITNESS WHEREOF, the patties hereto have executed this Limited Waiver as of the date first above
written. 
  

			
	BORROWER:
	
	BURLINGTON MORELOS, S.A. DE C.V.
		
	By:	 	 /s/ Karyl P. McClusky

	Name:	 	Karyl P. McClusky
	Title:	 	Vice President & Treasurer

 [Signature Page to Limited Waiver to Term Loan Agreement] 

			
	AGENT AND LENDERS:
	
	GENERAL ELECTRIC CAPITAL CORPORATION, as the Agent and a Lender
		
	By:	 	 /s/ Donald J. Cavanaugh

	Title:	 	Its Duly Authorized Signatory

 [Signature Page to Limited Waiver to Term Loan Agreement] 

			
	UBS AG, STAMFORD BRANCH, as a Lender
		
	By:	 	 /s/ Mary E. Evans

	Name:	 	Mary E. Evans
	Title:	 	Associate Director
		
	By:	 	 /s/ David B. Julie

	Name:	 	David B. Julie
	Title:	 	Associate Director

 [Signature Page to Limited Waiver to Term Loan Agreement] 

			
	 WACHOVIA BANK, NATIONAL
 ASSOCIATION, as a
Lender

		
	By:	 	 /s/ Josephine Norris

	Name:	 	Josephine Norris
	Title:	 	Director

 [Signature Page to Limited Waiver to Term Loan Agreement] 

			
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	 /s/ John Yankauskas

	Name:	 	John Yankauskas
	Title:	 	Sr. Vice President

 [Signature Page to Limited Waiver to Term Loan Agreement]Limited Waiver to Credit Agreement

 Exhibit 10.4 
 LIMITED WAIVER TO CREDIT AGREEMENT 
 This LIMITED WAIVER TO CREDIT AGREEMENT (this
“Limited Waiver”) is entered into as of April 20, 2007 by and among INTERNATIONAL TEXTILE GROUP, INC., a Delaware corporation, the other Borrowers and Credit Parties signatory hereto, GENERAL ELECTRIC CAPITAL CORPORATION, a
Delaware corporation, for itself and as Agent, and the other Lenders signatory hereto. Unless otherwise specified herein, capitalized terms used in this Limited Waiver shall have the meanings ascribed to them in to the Credit Agreement (as
hereinafter defined). 
 RECITALS: 
 WHEREAS, Borrowers, the other Credit Parties, the Agent and the Lenders entered into that certain Credit Agreement dated as of December 29, 2006 (as amended, supplemented, restated or otherwise modified from time to time, the
“Credit Agreement”); and 
 WHEREAS, the parties to the Credit Agreement have agreed to a limited waiver to the Credit
Agreement as set forth herein; 
 NOW, THEREFORE, in consideration of the premises contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1 Limited Waiver to
Credit Agreement. The Agent and Lenders hereby waive any breach of Sections 4.1(a) and 4.1(b) of the Credit Agreement, and any Default or Event of Default as a result thereof, solely to the extent that Borrower Representative
failed to deliver the (a) financial statements (and related deliveries required by Section 4.1(a)) for the fiscal months ending January 31, 2007 and February 28, 2007 and (b) the year-end audited financial statements
(and related deliveries required by Section 4.1(b)) for the fiscal year ending December 31, 2006, in each case on or prior to the dates required to be delivered thereunder; provided, however, that Borrower Representative
delivers to Agent the financial statements (and related deliveries) described in clauses (a) and (b) above on or prior to April 30, 2007. 
 2 Representations and Warranties. In order to induce Agent and the Lenders to enter into this Limited Waiver, each Borrower and each other Credit Party represents and warrants to Agent and each Lender
(which representations and warranties shall survive the execution and delivery of this Limited Waiver), that: 
 (a) the
execution, delivery and performance by each Credit Party of this Limited Waiver has been duly authorized by all necessary corporate and partnership action and this Limited Waiver is a legal, valid and binding obligation of such Credit Party
enforceable against such Credit Party in accordance with its terms; and 
 (b) upon the effectiveness of this Limited Waiver,
all of the representations and warranties contained in the Credit Agreement and in the other Loan Documents (other than those which speak expressly only as of an earlier date) are true and correct in all material respects on and as of the date of
the effectiveness of this Limited Waiver after giving effect to this Limited Waiver and the transactions contemplated hereby. 

 3 Miscellaneous. 
 3.1 Effect; Ratification. 
 (a) Except as specifically set forth above, the Credit Agreement
and the other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed. 
 (b) The execution, delivery and
effectiveness of this Limited Waiver shall not operate as a waiver of any right, power or remedy of Agent or any Lender under the Credit Agreement or any other Loan Document, nor constitute amendment of any provision of the Credit Agreement or any
other Loan Document, except as specifically set forth herein. Upon the effectiveness of this Limited Waiver, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof, “herein” or words of
similar import shall mean and be a reference to the Credit Agreement as amended hereby. 
 (c) Each Credit Party acknowledges and agrees that
the limited waiver set forth herein is effective solely for the purposes set forth herein and that the execution and delivery by Agent of this Limited Waiver shall not be deemed (i) except as expressly provided in this Limited Waiver, to be a
consent to any amendment, waiver or modification of any term or condition of the Credit Agreement or of any other Loan Document, (ii) to create a course of dealing or otherwise obligate Agent or Lenders to forbear, waive, consent or execute
similar amendments under the same or similar circumstances in the future, or (iii) to amend, prejudice, relinquish or impair any right of Agent or Lenders to receive any indemnity or similar payment from any Person or entity as a result of any
matter arising from or relating to this Limited Waiver. 
 3.2 Counterparts and Signatures by Fax. This Limited Waiver may be
executed in any number of counterparts, each such counterpart constituting an original but all together one and the same instrument. Any party delivering an executed counterpart of this Limited Waiver by fax shall also deliver an original executed
counterpart, but the failure to do so shall not affect the validity, enforceability or binding effect of this Limited Waiver. 
 3.3
Severability. In case any provision in or obligation under this Limited Waiver shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of
such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby. 
 3.4 Loan
Document. This Limited Waiver shall constitute a Loan Document. 
  

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 3.5 GOVERNING LAW. THIS WAIVER AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER
SHALL, IN ALL RESPECTS, INCLUDING MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND PERFORMED IN THAT STATE
AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA. 
 [Signature Pages Follows] 
  

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

					
	BORROWERS:	 	
		
	 INTERNATIONAL TEXTILE GROUP, INC.
	 	
	 ITG HOLDINGS, INC.
	 	
	 BURLINGTON INDUSTRIES LLC
	 	
	 CONE JACQUARDS LLC
	 	
	 CONE DENIM LLC
	 	
	 CARLISLE FINISHING LLC
	 	
			
	By:	 	 /s/ Karyl P. McClusky
	 	
	Name:	 	Karyl P. McClusky	 	
	Title:	 	Vice president and Treasurer of each of the entities listed above	 	

  

					
	 AUTOMOTIVE SAFETY COMPONENTS INTERNATIONAL, INC.
	 	
	 SAFETY COMPONENTS FABRIC TECHNOLOGIES, INC.
	 	
	 AUTOMOTIVE SAFETY COMPONENTS INTERNATIONAL LIMITED
	 	
			
	By:	 	 /s/ Stephen B. Duerk
	 	
	Name:	 	Stephen B. Duerk	 	
	Title:	 	President of each of the entities listed above	 	

 [Signature Page to Limited Waiver Credit Agreement] 

					
	OTHER CREDIT PARTIES:	 	
		
	 APPAREL FABRICS PROPERTIES, INC.
	 	
	 BURLINGTON APPAREL SERVICES COMPANY
	 	
	 BURLINGTON INDUSTRIES V, LLC
	 	
	 BWW CT, INC.
	 	
	 CLIFFSIDE DENIM LLC
	 	
	 CONE ADMINISTRATIVE AND SALES LLC
	 	
	 CONE INTERNATIONAL HOLDINGS II, INC.
	 	
	 INTERNATIONAL TEXTILE GROUP ACQUISITION GROUP LLC
	 	
	 BI PROPERTIES I, INC.
	 	
	 BURLINGTON INTERNATIONAL SERVICES COMPANY
	 	
	 BURLINGTON INDUSTRIES IV, LLC
	 	
	 BURLINGTON WORLDWIDE INC.
	 	
	 BILLC ACQUISITION LLC
	 	
	 CONE DENIM WHITE OAK LLC
	 	
	 CONE INTERNATIONAL HOLDINGS, INC.
	 	
	 CONE ACQUISITION LLC
	 	
	 WLR CONE MILLS IP, INC.
	 	
			
	By:	 	 /s/ Karyl P. McClusky
	 	
	Name:	 	Karyl P. McClusky	 	
	Title:	 	Vice President and Treasurer of each of the entities listed above	 	

  

					
	 VALENTEC WELLS, LLC
	 	
	 ASCI HOLDINGS GERMANY (DE), INC.
	 	
	 ASCI HOLDINGS ASIA PACIFIC (DE), LLC
	 	
	 ASCI HOLDINGS CZECH (DE), INC.
	 	
	 ASCI HOLDINGS U.K. (DE), INC.
	 	
	 ASCI HOLDINGS MEXICO (DE), INC.
	 	
			
	By:	 	 /s/ Stephen B. Duerk
	 	
	Name:	 	Stephen B. Duerk	 	
	Title:	 	President of each of the entities listed above	 	

 [Signature Page to Limited Waiver Credit Agreement] 

					
	 AUTOMOTIVE SAFETY COMPONENTS
 INTERNATIONAL
GMBH & CO. KG
	 	
			
	By:	 	 /s/ Stephen B. Duerk
	 	
	Name:	 	Stephen B. Duerk	 	
	Title:	 	President	 	

  

					
	 AUTOMOTIVE SAFETY COMPONENTS
 INTERNATIONAL VERWALTUNGS GMBH
	 	
			
	By:	 	 /s/ Stephen B. Duerk
	 	
	Name:	 	Stephen B. Duerk	 	
	Title:	 	President	 	

 [Signature Page to Limited Waiver Credit Agreement] 

					
	AGENT AND LENDERS:	 	
		
	GENERAL ELECTRIC CAPITAL CORPORATION, as the Agent and a Lender	 	
			
	By:	 	 /s/
	 	
	Title:	 	Its Duly Authorized Signatory	 	

 [Signature Page to Limited Waiver Credit Agreement] 

					
	 UBS LOAN FINANCE LLC, as a Lender
	 	
			
	By:	 	 /s/ Mary E. Evans
	 	
	Name:	 	Mary E. Evans	 	
	Title:	 	Associate Director	 	
			
	By:	 	 /s/ David B. Julie
	 	
	Name:	 	David B. Julie	 	
	Title:	 	Associate Director	 	

 [Signature Page to Limited Waiver Credit Agreement] 

					
	THE CIT GROUP/COMMERCIAL SERVICES, INC., as a Lender	 	
			
	By:	 	 /s/ M. Kim Carpenter
	 	
	Name:	 	M. Kim Carpenter	 	
	Title:	 	Vice President	 	

 [Signature Page to Limited Waiver Credit Agreement] 

					
	WACHOVIA BANK, NATIONAL ASSOCIATION, as a Lender	 	
			
	By:	 	 /s/ Josephine Norris
	 	
	Name:	 	Josephine Norris	 	
	Title:	 	Director	 	

 [Signature Page to Limited Waiver Credit Agreement] 

					
	BANK OF AMERICA, NA, as a Lender	 	
			
	By:	 	 /s/ John Yankauskas
	 	
	Name:	 	John Yankauskas	 	
	Title:	 	Sr. Vice President	 	

 [Signature Page to Limited Waiver Credit Agreement] 

					
	WELLS FARGO FOOTHILL LLC, as a Lender	 	
			
	By:	 	 /s/ Yelena Kravchuk
	 	
	Name:	 	Yelena Kravchuk	 	
	Title:	 	Assistant Vice President	 	

 [Signature Page to Limited Waiver Credit Agreement]

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