March 21, 2007 TAVEX ALGODONERA, S.A. GENOVA 17 MADRID 28004 RE: PAYMENT AND SECURITY RELEASE Dear Sirs: This letter (this "LETTER") sets forth the terms of an agreement by and among: (a) Solticio, S.A. de C.V. ("SOLTICIO"), Inmobiliaria Cuadros, S.A....Payment and Security Release Agreement • May 15th, 2007 • Tarrant Apparel Group • Women's, misses', and juniors outerwear • Madrid
