The Gap, Inc.
2 Folsom Street
San Francisco, CA 94105
Dated September 21st, 2010
CITICORP USA, INC.
388 Greenwich Street
New York, NY 10013
Attention: Marni McManus
Ladies and Gentlemen:
We refer to the 3-Year Letter of Credit Agreement dated as of May 6, 2005 between THE GAP, INC. (the "Company") and CITICORP USA, INC. (the "Letter of Credit Agreement"), as amended on May 18, 2007. The Company and the LC Subsidiaries hereby elect to terminate the Letter of Credit Agreement and their right to request Letters of Credit thereunder, effective immediately.
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Very Truly Yours, |
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The Gap, INC. |
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By: |
/s/ Jennifer Cho |
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Name: |
Jennifer Cho |
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Title: |
Vice President and Treasurer |
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Acknowledged and Agreed |
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CITICORP USA, INC. |
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By: |
/s/ Marni McManus |
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Name: |
Marni McManus |
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Title: |
Director |
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