EXHIBIT 10.104




 




GLOBAL SOURCING ARRANGEMENT TERMINATION AGREEMENT




 




 




                This global sourcing arrangement letter termination

agreement (the “Termination Agreement”) is entered into by and between G.I.

Promotion, a company organized and existing under the laws of Italy having its

headquarters at via Salvini 5, 20122 Milan, Italy (“GIP”) and I.C. Isaacs &

Company L.P., a Delaware limited partnership having its offices at 350 Fifth

Avenue, Suite 1029, New York, NY 10118 (“Isaacs”).




 




                GIP and Isaacs are parties to a global sourcing

arrangement letter, dated December 28, 1999, for the provision by Isaacs and

its affiliates of certain manufacturing and product sourcing services to

licensees of the “MARITHÉ + FRANCOIS GIRBAUD” trademarks (the “Sourcing

Agreement”).  Pursuant to its Article

16, the said Sourcing Agreement provides for an original expiration date of

December 31, 2003.




 




                The parties now desire to provide for an early

termination of the Sourcing Agreement prior to the original expiration date of

December 31, 2003.




 




                NOW, THEREFORE, in consideration for the mutual

promises herein contained, the parties hereto agree as follows:




 




                1.             Termination




 




                                The parties agree that in lieu of the

original expiration date of December 31, 2003, the Sourcing Agreement shall terminate

on October 1, 2002 (the “Termination Date”). 

Not later that on the Termination Date, and pursuant to Article 18 of

the Sourcing Agreement, Isaacs agrees to forward to GIP via Certified Mail,

Return Receipt Requested a detailed and complete report of pending activities

under the Sourcing Agreement and a detailed report of the pending orders as of

the Termination Date.  Upon termination,

Isaacs may see to completion the production of products which are subject to

accepted orders from licensees as of the Termination Date.




 




                2.             Continued Performance




 




                                The parties agree that each shall

continue to perform their respective obligations contained in the Sourcing

Agreement through the Termination Date.




 




                3.             Release




 




                                Upon Isaacs satisfying the conditions

set forth in paragraph 1. above, Isaacs and GIP hereby release, discharge and

waive any claims against each other arising out of or any way connected with

the Sourcing Agreement through the date of the said Termination Agreement.




 




 




 





























 




                4.             Termination of the License

Agreement




 




                                Pursuant to Article 9.1 of a license

agreement by and between Wurzburg Holding SA, a company organized and existing

under the laws of Luxembourg and Isaacs (the “License Agreement”), for the use

and display of the “MARITHÉ + FRANCOIS GIRBAUD” words and trademarks, the said

License Agreement shall be automatically terminated without any further action

necessary as a result of the termination of the Sourcing Agreement.




 




                5.             Final Agreement




 




                                This Termination Agreement shall

constitute the final agreement and understanding of the parties on the subject

matter hereof.  This Termination

Agreement may be modified only by a further writing signed by the parties.




 




                6.             Attorneys’ Fees




 




                                If any legal action is commenced to

enforce or interpret the terms of this Termination Agreement, the prevailing

party shall be entitled to reasonable attorneys’ fees and costs in addition to

any other relief to which the prevailing party may be entitled.




 




                IN WITNESS WHEREOF, the parties hereto have caused this

Termination Agreement to be executed as of this 1st day of

October, 2002.




 




	

   


  	

  G.I. PROMOTION


  	

  I.C. ISAACS &

  COMPANY L.P.


  	

   


  	

   


  
	

   


  	

   


  	

   


  	

   


  	

   


  
	

   


  	

   


  	

   


  	

   


  	

   


  
	

   


  	

   


  	

   


  	

   


  	

   


  
	

   


  	

  By:


  	

  /s/Olivier Bachellerie


  	

   


  	

  By:


  	

  /s/ Robert J. Arnot


  	

   


  	

   


  
	

   


  	

  Name:     Olivier Bachellerie


  	

  Name:     Robert J. Arnot


  	

   


  	

   


  
	

   


  	

  Title:       President


  	

  Title:       CEO


  	

   


  	

   


  
	

   


  	

   


  	

   


  	

   


  	

   


  
	

   


  	

  WURZBURG HOLDING SA


  	

   


  	

   


  	

   


  
	

   


  	

   


  	

   


  	

   


  	

   


  
	

   


  	

   


  	

   


  	

   


  	

   


  
	

   


  	

   


  	

   


  	

   


  	

   


  
	

   


  	

  By:


  	

   


  	

   


  	

   


  	

   


  
	

   


  	

  Name:     René Faltz


  	

   


  	

   


  	

   


  
	

   


  	

  Title:       Director


  	

   


  	

   


  	

   


  
	

   


  	

   


  	

   


  	

   


  	

   


  
								





*  Payments due from Frontline up until October

1st shall be split 50% to Isaacs and 50% to G.I. Promotion.




 




	

   


  	

  G.I. PROMOTION


  	

  I.C. ISAACS &

  COMPANY L.P.


  	

   


  	

   


  
	

   


  	

   


  	

   


  	

   


  	

   


  
	

   


  	

   


  	

   


  	

   


  	

   


  
	

   


  	

   


  	

   


  	

   


  	

   


  
	

   


  	

  By:


  	

  /s/Olivier Bachellerie


  	

   


  	

  By:


  	

  /s/ Robert J. Arnot


  	

   


  	

   


  
	

   


  	

  Name:     Olivier Bachellerie


  	

  Name:     Robert J. Arnot


  	

   


  	

   


  
	

   


  	

  Title:       President


  	

  Title:       CEO