DUSSAULT APPAREL INC. Los Angeles, CA 90046-7010Dussault Apparel Inc. • August 1st, 2007 • Services-business services, nec
This letter will serve to confirm our agreement wherein, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, we have agreed to loan US$2.6 million (the “Loan”) to Dussault Jeans Inc. (“Dussault Jeans”), of which US$1.3 million has previously been provided by way of payment directly from us to Dussault Jeans creditors, on the following terms and conditions in order to facilitate exploring a further investment or purchase of Dussault Jeans by Dussault Apparel Inc. (the “Transaction”):
