GUARANTY AND COMMITMENTGuaranty and Commitment • December 9th, 2004 • Childrens Place Retail Stores Inc • Retail-family clothing stores • California
THIS GUARANTY AND COMMITMENT (as amended and in effect from time to time, this “Guaranty and Commitment”) dated as of November 21, 2004 is made jointly and severally by The Children’s Place Retail Stores, Inc., a Delaware corporation (“TCP”), and Hoop Holdings, LLC, a Delaware limited liability company (“Licensee Parent” and, together with TCP, each an “Obligor” and collectively, the “Obligors”), in favor of The Disney Store, LLC, a California limited liability company (“TDS USA”), The Disney Store (Canada) Ltd., a corporation incorporated under the laws of the Province of Ontario (“TDS Canada” and, together with TDS USA, “Licensee”), and TDS Franchising, LLC, a California limited liability company (“TDSF”).
