NEW YORK BRANCH PHONE: (212) 697-1717 245 PARK AVENUETELEX: 6720068 29TH FLOORFAX: (212) 697-5754 NEW YORK, N.Y. 10167 Acceptance of Extension

Exhibit 10.4

NEW YORK BRANCH

PHONE: (212)  ###-###-####		245 PARK AVENUE
TELEX: 6720068		29TH FLOOR
FAX: (212)  ###-###-####		NEW YORK, N.Y. 10167

Acceptance of Extension

April 17, 2007

To : The Talbots, Inc.

Re : Revolving Credit Agreement dated as of January 25, 1994 ; First Amendment, dated as of November 21, 1995; Second Amendment, dated as of April 18, 1996; Third Amendment, dated as of April 17, 1998; and Fourth Amendment Agreement, dated as of April 16, 1999, between The Talbots, Inc. as borrower, and The Norinchukin Bank (the “Agreement”)

Dear Sirs :

Pursuant to Section 14 (j)(ii) of the Agreement, we hereby irrevocably accept your one year extension of the Revolving Credit Period (as defined in the Agreement) so that the Revolving Credit Period would expire on April 17, 2009.

Very truly yours,

The Norinchukin Bank,
New York Branch

		By:		/s/ KAORU YAMADA
				Kaoru Yamada Joint General Manager