EXHIBIT 10.11 QUAKER FABRIC CORPORATION OF FALL RIVER QUAKER FABRIC CORPORATION 941 Grinnell Street Fall River, MA 02721 CHARLES MCANSIN ASSOCIATES, A LIMITED PARTNERSHIP 100 Vesper Executive Park Tyngsboro, MA 01879 January 20, 2005 Wilmer Cutler Pickering Hale and Dorr LLP 60 State Street Boston, MA 02109 Attn: Katharine E. Bachman, Esq. Re: 81 Commerce Road, Fall River, Massachusetts Ladies and Gentlemen: Reference is made to escrow instructions dated December 16, 2004, as amended by letter dated January 14, 2005, from the undersigned Quaker Fabric Corporation of Fall River and Quaker Fabric Corporation (collectively, "Quaker"), and Charles McAnsin Associates, a Limited Partnership ("McAnsin") to you ("Escrow Instructions") with regard to the above premises. By our signatures below, the undersigned hereby confirm their agreement to extend the date for expiration of the Release Conditions from January 21, 2005 to January 28, 2005. Except as hereinabove amended, the Escrow Instructions remain in full force and effect. Kindly confirm your acceptance of these terms by acknowledging the enclosed copy of this letter. Executed as of the day and year first above written. QUAKER FABRIC CORPORATION OF FALL RIVER By: /s/ Cynthia L. Gordan -------------------------------------- QUAKER FABRIC CORPORATION By: /s/ Cynthia L. Gordan -------------------------------------- 8 CHARLES MCANSIN ASSOCIATES, A LIMITED PARTNERSHIP By: McDonna LLC By: /s/ Paul Buffum -------------------------------------- ACCEPTED AND AGREED: WILMER CUTLER PICKERING HALE AND DORR LLP, ESCROW AGENT By: /s/ Katharine E. Bachman -------------------------------------- Katharine E. Bachman, Senior Partner 9