THE BANK OF TOKYO-MITSUBISHI, LTD.
NEW YORK BRANCH
(BANK OF TOKYO-MITSUBISHI LOGO) 0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, XX 00000-1104
Phone: 000-000-0000
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April 6, 2005
The Talbots, Inc.
000 Xxxx Xxxxxx
Xxxxxxx, XX 00000
Attention: Ms. Xxxxx Xxxxx
Re: Notice to Extend the Scheduled Termination Date of the Credit Agreement
dated as of April 17, 1998
Ladies and Gentlemen:
We refer to (a) that certain Credit Agreement dated as of April 17,
1998 (as amended, modified, or supplemented, from time to time, the
"Agreement"), between The Bank of Tokyo-Mitsubishi, Ltd., New York Branch (the
"Bank") and Talbots, Inc. (the "Borrower") and (b) the Borrower's letter to the
Bank dated as of March 16, 2005, pursuant to which the Borrower requested that
the Bank extend the "Scheduled Termination Date" of the Credit Facility for a
further period pursuant to Section 1 (h) of the Agreement. Unless otherwise
indicated, all capitalized terms used herein shall have the meaning ascribed to
such terms in the Agreement.
Pursuant to Section 1 (h) of the Agreement, the Bank hereby notifies
you that it will grant the Borrower's request for an extension of the Schedule
Termination Date for a further period beginning on April 17, 2006 and ending on
April 17, 2007, provided that no "Event of Default" shall have occurred or be
continuing under Section 11 of the Agreement on the date hereof.
Very truly yours,
THE BANK OF TOKYO-MITSUBISHI, LTD.
New York Branch
By /s/ XXXXXX XXXXXXXXX
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Name: Xxxxxx Xxxxxxxxx
Title: SVP & Department Manager
