Exhibit 10.1

AMENDMENT NO. 3 AND CONSENT TO CREDIT AGREEMENT

AMENDMENT NO. 3 AND CONSENT, dated as of November 13, 2006 (this “Amendment”),
to the Fifth Amended and Restated Credit Agreement, dated as of April 9, 1997
and amended and restated as of May 19, 2004 (as heretofore amended, the “Credit
Agreement”), among FOOT LOCKER, INC. (the “Company”), the SUBSIDIARIES party
thereto, the BANKS party thereto, THE BANK OF NEW YORK, as Administrative Agent,
LC Agent and Swingline Bank (the “Administrative Agent”), the CO-SYNDICATION
AGENTS and CO-DOCUMENTATION AGENTS party thereto and the JOINT LEAD ARRANGERS
party thereto.

WHEREAS, the Company has (i) requested the Agents and the Banks to increase the
amount of Restricted Payments permitted to be made under the Credit Agreement,
(ii) informed the Agents and the Banks that it intends to dissolve Woolworth
Holding S. de R.L. de C.V., Foot Locker de Mexico, S.A. de C.V. and
Distribuidora Foot Locker S.A. de C.V., each an Immaterial Subsidiary of the
Company organized under the laws of Mexico (each, a “Mexican Subsidiary”) and
(iii) informed the Agents and the Banks that certain Class I Partnership
Interests and Class II Partnership Interests in Woolworth Holding S. de R.L. de
C.V. (the “Pledged Interests”) have been pledged pursuant to the Pledge
Agreement;

NOW, THEREFORE, the parties hereto agree as follows:

SECTION 1.      Defined Terms; References. Unless otherwise specifically defined
herein, each term used herein which is defined in the Credit Agreement has the
meaning assigned to such term in the Credit Agreement. Each reference to
“hereof”, “hereunder”, “herein” and “hereby” and each other similar reference
and each reference to “this Agreement” and each other similar reference
contained in the Credit Agreement shall, after this Amendment becomes effective,
refer to the Credit Agreement as amended hereby.

SECTION 2.     Amendments. Section 5.15(iii) of the Credit Agreement is amended
by replacing the reference to “35%” with “50%”.

SECTION 3.     Consent. (a) The Banks party hereto hereby (i) agree that the
Pledged Interests shall be released (the “Release”) from the Lien of the Pledge
Agreement on the Amendment Effective Date (as defined below) in contemplation of
the dissolution of Woolworth Holding S. de R.L. de C.V. and (ii) authorize the
Administrative Agent to take all actions that it deems necessary or desirable to
give effect to the Release.

(b) The Company shall cause each Mexican Subsidiary to remain an Immaterial
Subsidiary at all times during the period commencing on the Amendment Effective
Date and ending on the date on which such Subsidiary is dissolved.

SECTION 4.       Representation and Warranties. The Company and each other
Obligor represents and warrants that, on and as of the Amendment Effective Date
and immediately after giving effect to this Amendment, (a) the representations
and warranties of the Obligors contained in the Loan Documents are true and (b)
no Default has occurred and is continuing. The Company and each other Obligor
represents and warrants that each Mexican Subsidiary is an Immaterial Subsidiary
on the Amendment Effective Date and will be an Immaterial Subsidiary on the date
on which such Mexican Subsidiary is dissolved.

 

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SECTION 5.       Governing Law. This Amendment shall be governed by and
construed in accordance with the laws of the State of New York.

SECTION 6.       Counterparts. This Amendment may be signed in any number of
counterparts, each of which shall be an original, with the same effect as if the
signatures thereto and hereto were upon the same instrument.

SECTION 7.       Effectiveness. This Amendment shall become effective as of the
date (the “Amendment Effective Date”) of receipt by the Administrative Agent of:

(a)           a counterpart hereof signed by each of the Company, the Subsidiary
Borrowers and the Required Banks (or a facsimile or other written confirmation
(in form reasonably satisfactory to the Administrative Agent) that each such
party has signed a counterpart hereof);

 

(b)         payment of all accrued costs, fees and expenses (including, without
limitation, all fees and expenses payable pursuant to Section 9.03(a)(ii) of the
Credit Agreement together with the fees and expenses of special counsel to the
Administrative Agent); and

 

(c)         a certificate from the chief executive officer, chief financial
officer or treasurer of the Company certifying as to the matters set forth in
the first sentence of Section 4 of this Amendment.

 

[Signature pages follow]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the date first above written.

 

FOOT LOCKER, INC.

   

By:

/s/ John A. Maurer

 

Name:

John A. Maurer

 

Title:

Vice President and Treasurer

 

 

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Subsidiary Borrowers:

 

FOOTLOCKER.COM, INC.

 

By:

/s/ Robert W. McHugh

 

Name:

Robert W. McHugh

 

Title:

Senior Vice President

 

 

FOOT LOCKER RETAIL, INC.

 

By:

/s/ Robert W. McHugh

 

Name:

Robert W. McHugh

 

Title:

Senior Vice President

 

 

TEAM EDITION APPAREL, INC.

 

By:

/s/ Robert W. McHugh

 

Name:

Robert W. McHugh

 

Title:

Senior Vice President

 

 

FOOT LOCKER STORES, INC.

 

By:

/s/ Robert W. McHugh

 

Name:

Robert W. McHugh

 

Title:

Senior Vice President

 

 

FOOT LOCKER SPECIALTY, INC.

 

By:

/s/ Robert W. McHugh

 

Name:

Robert W. McHugh

 

Title:

Senior Vice President

 

 

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FOOT LOCKER EUROPE B.V.

 

By:

/s/ Peter D. Brown

 

Name:

Peter D. Brown

 

Title:

Attorney-in-Fact

 

 

FOOT LOCKER AUSTRALIA, INC.

 

By:

/s/ Robert W. McHugh

 

Name:

Robert W. McHugh

 

Title:

Senior Vice President

 

 

FOOT LOCKER CANADA CORPORATION

 

By:

/s/ John A. Maurer

 

Name:

John A. Maurer

 

Title:

Vice President and Treasurer

 

 

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THE BANK OF NEW YORK, as Administrative Agent and Bank

 

By:

/s/ Randolph E.J. Medrano

 

Name:

Randolph E.J. Medrano

 

Title:

Vice President

 

 

BANK OF AMERICA, N.A.

 

By:

/s/ John Walkiewicz

 

Name:

John Walkiewicz

 

Title:

Vice President

 

 

JPMORGAN CHASE BANK, N.A.

 

By:

/s/ Jules Panno

 

Name:

Jules Panno

 

Title:

Vice President

 

 

WACHOVIA BANK, NATIONAL ASSOCIATION

 

By:

/s/ Susan T. Gallagher

 

Name:

Susan T. Gallagher

 

Title:

Vice President

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

By:

/s/ Lori Avedikian

 

Name:

Lori Avedikian

 

Title:

Vice President

 

 

U.S. BANK, NATIONAL ASSOCIATION

 

By:

/s/ Gregory L. Dryden

 

Name:

Gregory L. Dryden

 

Title:

Sr. Vice President

 

 

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THE BANK OF NOVA SCOTIA

 

By:

/s/ Todd Meller

 

Name:

Todd Meller

 

Title:

Managing Director

 

 

BANCO POPULAR PUERTO RICO

 

By:

/s/ Hector J. Gonzalez

 

Name:

Hector J. Gonzalez

 

Title:

Vice President

 

 

 

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