Disclosure Schedules to Credit
Agreement, dated as of May 29, 2007
1
Certain U.S.
Subsidiaries
2
Hoffman
Estates, 2400 West Central Road, 60195 IL
3
Existing Letters of
Credit
That certain
standby letter of credit (No. 186412845) dated as of
April 2, 2004, issued by Bank of America, N.A. in favor of The
Travelers Indemnity Company.
4
Sassy Doo!,
Inc.
Claire’s Puerto Rico Corp.
Claire’s Canada Corp.
Afterthoughts Merchandising Corp.
Claire’s Holding GMBH
WhiteClaire’s Accessorros Portugal Unipessol LDA
Claire’s Netherlands B.V.
Claire’s Distribution B.V.
Claire’s International Europe, Ltd
CSI Luxembourg S.a.r.l.
BMS Fashion Corp
Claire’s China Services Trust
Claire’s Austria Gmbh
Claire’s Switzerland Gmbh
Claire’s Germany Gmbh
Claire’s Belgium B.V.B.A.
Claire’s Accessories Spain, S.L.
Femina Hgmbh Co Kg
Femina Hgmbh
RSI International Ltd.
5
That certain
Loan and Security Agreement dated as of March 31, 2004 among
Fleet Retail Group, Inc., Fleet National Bank and Claire’s
Stores, Inc., as lead borrower for BMS Distributing Corp.,
Claire’s Boutiques, Inc., CBI Distributing Corp. and
Claire’s Puerto Rico Group.
6
Unrestricted
Subsidiaries
7
1. any
non-recurring costs, expenses or charges incurred in connection
with reports and other services provided by consultants to the
Borrower;
2. amortization
and lease expense relating to Borrower’s Synthetic Lease
Obligations;
3. settlement
amounts paid and legal expenses incurred in connection
with:
(a)
Wyakie Coleman vs. Claire’s Stores, Inc.,
Claire’s Boutiques, Inc., d/b/a Afterthoughts,
Claire’s, Claire’s Accessories, Icing and/or Icing by
Claire’s; and Does 1 to 100, inclusive (the “Coleman
Case”). This wage class action is in a very
preliminary state, and no class has been certified at this time.
Accordingly, the Borrower is not able to make an assessment of the
materiality of the litigation at this time; and
(b) Debra
Gring and Raajna Naidu vs. Claire’s Boutiques, Inc. and Does
1 to 100, inclusive (the “Gring Case”). The
Borrower is in the process of negotiating a settlement of this wage
class action litigation for a one-time payment.
8
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1.
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insurance cost savings
and
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2.
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changes in executive travel
policies
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9
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Lender
Name
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Revolving
Commitment
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Term B Loan
Commitment
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$
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44,000,000
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$
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556,000,000
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$
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33,000,000
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$
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417,000,000
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Lehman Commercial Paper Inc.
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$
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33,000,000
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$
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417,000,000
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$
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20,000,000
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$
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15,000,000
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Sumitomo Mitsui Banking Corporation
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$
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20,000,000
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$
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15,000,000
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Mizuho Corporate Bank Ltd.
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$
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20,000,000
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$
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5,000,000
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$
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15,000,000
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$
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5,000,000
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$
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15,000,000
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$
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20,000,000
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$
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200,000,000
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$
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1,450,000,000
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10
Organization and Good
Standing
11
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Name
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Jurisdiction
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Owner of Equity
Interests
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Florida
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100%
Holdings
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Delaware
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100%
Claire’s Stores, Inc.
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Claire’s
Puerto Rico Corp.
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Delaware
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100%
Claire’s Stores, Inc.
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Delaware
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56%
Claire’s Stores, Inc.
44% Claire’s Boutiques, Inc.
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Colorado
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100%
Claire’s Stores, Inc.
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Delaware
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100%
Claire’s Stores, Inc.
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Afterthoughts
Merchandising Corp.
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Delaware
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100%
Claire’s Stores, Inc.
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Switzerland
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100%
Claire’s Stores, Inc.
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Canada
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90%
Claire’s Stores, Inc.
10% Claire’s Canada Corp.
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Claire’s
Stores Canada Corp.
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Canada
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100%
Claire’s Canada Corp.
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Delaware
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100% CBI
Distributing Corp.
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Claire’s
Accessories UK, Ltd.
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United
Kingdom
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100%
Claire’s Holding GMBH
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WhiteClaire’s Accessories Portugal
Unipessoal LSA
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Portugal
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100%
Claire’s Holding GMBH
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Claire’s
Netherlands B.V.
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Netherlands
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100%
Claire’s Holding GMBH
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Claire’s
Distribution B.V.
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Netherlands
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100%
Claire’s Holding GMBH
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Clarie’s
International Europe, Ltd
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Switzerland
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100%
Claire’s Holding GMBH
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Luxembourg
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100%
Claire’s Holding GMBH
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Cayman
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100%
Claire’s Holding GMBH
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Claire’s
China Services Trust
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China
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100% BMS
Fashion Corp.
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Austria
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100%
Claire’s International Europe Ltd.
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Claire’s
Switzerland Gmbh
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Switzerland
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100%
Claire’s International Europe Ltd.
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Germany
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100%
Claire’s International Europe Ltd.
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Claire’s
Belgium B.V.B.A.
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Beligum
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100%
Claire’s Accessories UK, Ltd.
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Claire’s
Accessories Spain, S.L.
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Spain
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100%
Claire’s A
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