Contract

0000 0xx Xxxxxx
Xxxxxxxxx Xxxxx, XX 00000
Tel: (000) 000-0000

Guru Denim, Inc. dba True Religion Brand Xxxx

May 20, 2003

Jameric Inc.
000 Xxxxx Xxxxxx Xx. #XX
Xxx Xxxxxxx, XX 00000
Attn: Xxxx Xxxxxxx

Exclusivity Agreement for the Territory of Japan

Dear Xxxx:

Please accept this letter as an Exclusivity Agreement between Guru Denim, Inc. dba True Religion Brand Jeans and Jameric Inc., for duration of two (2) years effective immediately.

This Agreement is renewable in two (2) years - May 20, 2005) solely on my discretion.

Upon execution of this agreement you will be the sole territorial representative for Xxxx Xxxxx, Inc.

Also please be advised that all Intellectual Property associated with Guru Denim, Inc. is considered confidential.

Please sign this agreement and fax a copy for our file.

Yours very truly,

Guru Denim, Inc.

/s/ Xxxxxxx Xxxxxx
CEO/President

/s/ Xxxxxxx Xxxxxx
May 23, 2003 /s/ Xxxx Xxxxxxx
May 23, 2003

Visit us at:
xxx.xxxxxxxxxxxxxxxxxxxxxx.xxx