October 23, 2007Letter Agreement • October 26th, 2007 • Propex Inc. • Broadwoven fabric mills, man made fiber & silk • New York
This letter agreement (this “Agreement”) confirms the terms under which Propex Inc. and each of its direct and indirect subsidiaries, and any entity formed by, or at the direction of, Propex Inc. (collectively, the “Company”) has engaged Houlihan Lokey Howard & Zukin Capital, Inc. (“Houlihan Lokey”), effective as of the date indicated above (the “Effective Date”), as its exclusive financial advisor to provide financial advisory services in connection with one or more financing transactions for the Company and with respect to such other financial matters as to which the Company and Houlihan Lokey may agree in writing during the term of this engagement.
