Re: Factoring Agreement dated July 31, 2005 Gentlemen:Factoring Agreement • May 1st, 2007 • Cygne Designs Inc • Women's, misses', and juniors outerwear
We refer to the Factoring Agreement dated as of July 31, 2005 (as amended, the “Factoring Agreement”), which among other things sets forth the terms on which Milberg Factors, Inc. (“Milberg”) has agreed to make certain discretionary advances available to Cygne Designs, Inc. (the “Borrower”). All capitalized terms used but not defined herein shall have the respective meanings ascribed to such terms in the Factoring Agreement.
