BACKGROUND ----------Assignment and Assumption Agreement • August 13th, 1999 • Giant Group LTD • Non-operating establishments • New York
EXHIBIT 10.1 LETTER OF CREDIT SECURITY AGREEMENTLetter of Credit Security Agreement • August 13th, 1999 • Giant Group LTD • Non-operating establishments • New York
Giant Group, Ltd.) LIMITED GUARANTYLimited Guaranty • August 13th, 1999 • Giant Group LTD • Non-operating establishments
In order to induce you to enter into a certain Factoring Agreement, dated as of August 10, 1999 and all supplements and agreements related thereto, as amended, modified and supplemented from time to time (the "Agreement") with Periscope Sportswear, Inc. (the "Client") and/or to induce you to refrain at this time from terminating said Agreement and/or in consideration of any loans, advances, payment, extensions of credit, benefits or financial accommodations heretofore or hereafter made, granted or extended by you or which you have or will become obligated to make, grant or extend to or for the account of the Client, the undersigned guarantees without deduction by reason of setoff, defense, or counterclaim of any party, or loss of contribution from any co- guarantor hereunder, the due performance of all of the Client's contracts and agreements with you under the Agreement or otherwise, both present and future and any and all subsequent renewals, extensions, continuations, modifications,
