Common use of Subsidiary of Borrower Clause in Contracts

Subsidiary of Borrower. FRED'S STORES OF TENNESSEE, INC., a Tennessee corporation By: /s/▇▇▇▇▇ ▇. Shore ----------------------------------- Name: ▇▇▇▇▇ ▇. Shore Title: Vice President STATE OF TENNESSEE COUNTY OF SHELBY Before me personally appeared, ▇▇▇▇▇ ▇. Shore, with whom I am personally acquainted (or proved to me on the basis of satisfactory evidence) and who, upon oath, acknowledged himself to be the Vice President of FRED'S STORES OF TENNESSEE, INC., a Tennessee corporation, and that he as such officer being duly authorized so to do, executed the foregoing instrument for the purpose therein contained by signing the name of the company by himself as such officer. WITNESS MY HAND AND OFFICIAL SEAL, at office this 28th day of July 2005. ▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇ Notary Public My Commission Expires: December 28, 2008

Subsidiary of Borrower. FRED'S STORES OF TENNESSEE, INC., a Tennessee corporation By: By: /s/▇▇▇▇▇ ▇. Shore ----------------------------------- ----------------------------- Name: ▇▇▇▇▇ ▇. Shore Title: Vice Vice-President STATE OF TENNESSEE COUNTY OF SHELBY Before me personally appeared, ▇▇▇▇▇ ▇. Shore, with whom I am personally acquainted (or proved to me on the basis of satisfactory evidence) and who, upon oath, acknowledged himself to be the Vice Vice-President of FRED'S STORES OF TENNESSEE, INC., a Tennessee corporation, and that he as such officer being duly authorized so to do, executed the foregoing instrument for the purpose therein contained by signing the name of the company by himself as such officer. WITNESS MY HAND AND OFFICIAL SEAL, at office this 28th 7th day of July October, 2005. ▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇ Notary Public My Commission Expires: December 28, 2008.