**ICONIX      BRAND GROUP, INC.**

**RESTRICTED      STOCK AGREEMENT**

**Restrictions**
**and      Forfeiture. **
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| **Restrictions                and Forfeiture** | You                may not sell, assign, pledge, encumber, or otherwise transfer any                interest                in the Restricted Shares until the dates set forth in the Vesting                Schedule, at which point the Restricted Shares will be referred to                as                “*Vested.*” If                your employment is terminated by the Company for Cause or by you                without                Good Reason (as such terms are defined in your Employment Agreement                with                the Company (the “Employment Agreement”)), the Company will have the right                to reacquire your unvested Restricted Shares at the lower of (a)                your                original purchase price, if any, for such Shares, or (b) the fair                market                value of the Shares on your date of termination. If there was no                purchase                price, your unvested Restricted Shares will be forfeited.   |
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| **Vesting                Schedule** | Assuming                you provide Continuous Service (as defined in herein) as an Employee                (as                defined in the Plan) of the Company or an Affiliate of the Company,                all                Restrictions will lapse on the Restricted Shares on the Vesting date                or                Vesting dates set forth in the schedule below for the applicable                grant of                Restricted Shares and they will become Vested.  |
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|                              |  Vesting              Schedule                        |
|-----------------------------------|------------------------------------------------------------|
| Vesting                Date  | Number                of Restricted Shares that Vest  |
| [DATE]                       | __                Restricted Shares                   |
| [DATE]                       | ___                Restricted Shares                  |

|  **Change                in Control** |   |  In                the event of a Change in Control (as defined in the Plan), if within                twelve (12) months after the Change in Control, your employment is                terminated by the Company without Cause or by you for Good Reason                (as such                terms are defined in the Employment Agreement), all of the Restricted                Shares shall thereupon become fully vested.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
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| **Continuous                Service**      |   | “Continuous                Service,” as used herein, means the absence of any interruption or                termination of your service as an Employee (as defined in the Plan)                of the                Company or any Affiliate (other than a termination by the Company                without                Cause or a termination by you for Good Reason). If you are employed                by an                Affiliate of the Company, your employment shall be deemed to have                terminated on the date your employer ceases to be an Affiliate of                the                Company, unless you are on that date transferred to the Company or                another                Affiliate of the Company. Service shall not be considered interrupted                in                the case of sick leave, military leave or any other leave of absence                approved by the Company or any then Affiliate of the Company. Your                employment shall not be deemed to have terminated if you are transferred                from the Company to an Affiliate of the Company, or vice versa, or                from                one Company Affiliate to another Company Affiliate.   |

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| **Share                Certificates**                                            |   | The                Company will issue a certificate (or certificates) in your name with                respect to the Shares, and will hold such certificate (or certificates)                on                deposit for your account until the expiration of the Restricted Period                with respect to the Shares represented thereby. Such certificate                (or                certificates) will contain the following restrictive legend: “The                transferability of this certificate and the shares of stock represented                hereby are subject to the terms and conditions (including forfeiture)                contained in the 2006 Equity Incentive Plan of the Company, copies                of                which are on file in the office of the Secretary of the                Company.”                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
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| **Additional                Conditions to Issuance of Stock Certificates**  |   | You                will not receive the certificates representing the Restricted Shares                unless and until the Company has received a stock power or stock                powers in                favor of the Company executed by you.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| **Cash                Dividends**                                                |   | Cash                dividends, if any, paid on the Restricted Shares shall be held by                the                Company for your account and paid to you upon the expiration of the                Restricted Period, except as otherwise determined by the Administrator.                All such withheld dividends shall not earn interest, except as otherwise                determined by the Administrator. **You                will not receive withheld cash dividends on any Restricted Shares                which                are forfeited and all such cash dividends shall be forfeited along                with                the Restricted Shares which are forfeited.**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| **Tax                Withholding**                                               |   | Unless                you make an election under Section 83(b) of the Internal Revenue                Code of                1986, as amended (the “Code”), and pay taxes in accordance with that                election, you will be taxed on the Shares as they become Vested and                must                arrange to pay the taxes on this income. If the Administrator so                determines, arrangements for paying the taxes may include your                surrendering Shares that otherwise would be released to you upon                becoming                Vested or your surrendering Shares you already own. The fair market                value                of the Shares you surrender, determined as of the date when taxes                otherwise would have been withheld in cash, will be applied as a                credit                against the withholding taxes. **The                Company shall have the right to withhold from your compensation an                amount                sufficient to fulfill its or its Affiliate’s obligations for any                applicable withholding and employment taxes. Alternatively, the Company                may require you to pay to the Company the amount of any taxes which                the                Company is required to withhold with respect to the Shares, or, in                lieu                thereof, to retain or sell without notice a sufficient number of                Shares to                cover the amount required to be withheld. The Company may withhold                from                any cash dividends paid on the Restricted Shares an amount sufficient                to                cover taxes owed as a result of the dividend payment. The Company’s method                of satisfying its withholding obligations shall be solely in the                discretion of the Administrator, subject to applicable federal, state,                local and foreign laws. The Company shall have a lien and security                interest in the Shares and any accumulated dividends to secure your                obligations hereunder.**  |

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| **Tax                Representations**            |   | You                hereby represent and warrant to the Company as follows: (a) You                have reviewed with your own tax advisors the federal, state, local                and                foreign tax consequences of this investment and the transactions                contemplated by this Agreement. You are relying solely on such advisors                and not on any statements or representations of the Company or any                of its                Employees or agents. (b) You                understand that you (and not the Company) shall be responsible for                your                own tax liability that may arise as a result of this investment or                the                transactions contemplated by this Agreement. You understand that                Section                83 of the Code taxes (as ordinary income) the fair market value of                the                Shares as of the date any “restrictions” on the Shares lapse. To the                extent that an award hereunder is not otherwise an exempt transaction                for                purposes of Section 16(b) of the Securities Exchange Act of 1934,                as                amended (the “1934 Act”), with respect to officers, directors and 10%                shareholders subject to Section 16 of the 1934 Act, a “restriction” on the                Shares includes for these purposes the period after the award of                the                Shares during which such officers, directors and 10% shareholders                could be                subject to suit under Section 16(b) of the 1934 Act. Alternatively,                you                understand that you may elect to be taxed at the time the Shares                are                awarded rather than when the restrictions on the Shares lapse, or                the                Section 16(b) period expires, by filing an election under Section                83(b) of                the Code with the Internal Revenue Service within thirty (30) days                from                the date of the award. YOU                HEREBY ACKNOWLEDGE THAT IT IS YOUR SOLE RESPONSIBILITY AND NOT THE                COMPANY’S TO FILE TIMELY THE ELECTION AVAILABLE TO YOU UNDER SECTION 83(B)                OF THE CODE, EVEN IF YOU REQUEST THAT THE COMPANY OR ITS REPRESENTATIVES                MAKE THIS FILING ON YOUR BEHALF.  |
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| **Securities                Law Representations** |   | The                following two paragraphs shall be applicable if, on the date of issuance                of the Restricted Shares, no registration statement and current prospectus                under the Securities Act of 1933, as amended (the “1933 Act”), covers the                Shares, and shall continue to be applicable for so long as such                registration has not occurred and such current prospectus is not                available: (a) You                hereby agree, warrant and represent that you will acquire the Shares                to be                issued hereunder for your own account for investment purposes only,                and                not with a view to, or in connection with, any resale or other                distribution of any of such shares, except as hereafter permitted.                You                further agree that you will not at any time make any offer, sale,                transfer, pledge or other disposition of such Shares to be issued                hereunder without an effective registration statement under the 1933                Act,                and under any applicable state securities laws or an opinion of counsel                acceptable to the Company to the effect that the proposed transaction                will                be exempt from such registration. You agree to execute such instruments,                representations, acknowledgments and agreements as the Company may,                in its                sole discretion, deem advisable to avoid any violation of federal,                state,                local or foreign law, rule or regulation, or any securities exchange                rule                or listing agreement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |

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|                                                                       |   | (b) The                certificates for Shares to be issued to you hereunder shall bear                the                following legend: “The                shares represented by this certificate have not been registered under                the                Securities Act of 1933, as amended, or under applicable state securities                laws. The shares have been acquired for investment and may not be                offered,                sold, transferred, pledged or otherwise disposed of without an effective                registration statement under the Securities Act of 1933, as amended,                and                under any applicable state securities laws or an opinion of counsel                acceptable to the Company that the proposed transaction will be exempt                from such registration.”                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
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| **Stock                Dividend, Stock Split and Similar Capital Changes** |   | In                the event of any change in the outstanding shares of the Common Stock                of                the Company by reason of a stock dividend, stock split, combination                of                shares, recapitalization, merger, consolidation, transfer of assets,                reorganization, conversion or what the Administrator deems in its                sole                discretion to be similar circumstances, the number and kind of shares                subject to this Agreement shall be appropriately adjusted in a manner                to                be determined in the sole discretion of the Administrator, whose                decision                shall be final, binding and conclusive in the absence of clear and                convincing evidence of bad faith. Any shares of Common Stock or other                securities received, as a result of the foregoing, by you with respect                to                the Restricted Shares shall be subject to the same restrictions as                the                Restricted Shares, the certificate or other instruments evidencing                such                shares of Common Stock or other securities shall be legended and                deposited                with the Company as provided above with respect to the Restricted                Shares,                and any cash dividends received with respect to such shares of Common                Stock or other securities shall be accumulated as provided above                with                respect to the Restricted Shares.  |
| **Non-Transferability**                                                    |   | Restricted                Shares are not transferable.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |

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| **No                Effect on Employment**          |   | **Except                as otherwise provided in the Employment Agreement, nothing herein                shall                modify your status as an at-will employee of the Company or any of                its                Affiliates. Further, nothing herein guarantees you employment for                any                specified period of time. This means that, except as provided in                the                Employment Agreement, either you or the Company or any of its Affiliates                may terminate your employment at any time for any reason, with or                without                cause, or for no reason. You recognize that, for instance, you may                terminate your employment or the Company or any of its Affiliates                may                terminate your employment prior to the date on which your Shares                become                vested.**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
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| **No                Effect on Corporate Authority** |   | You                understand and agree that the existence of this Agreement will not                affect                in any way the right or power of the Company or its shareholders                to make                or authorize any or all adjustments, recapitalizations, reorganizations,                or other changes in the Company’s capital structure or its business, or                any merger or consolidation of the Company, or any issuance of bonds,                debentures, preferred or other stocks with preferences ahead of or                convertible into, or otherwise affecting the common shares or the                rights                thereof, or the dissolution or liquidation of the Company, or any                sale or                transfer of all or any part of its assets or business, or any other                corporate act or proceeding, whether of a similar character or                otherwise.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| **Arbitration**                                     |   | Any                dispute or disagreement between you and the Company with respect                to any                portion of this Agreement (excluding Attachment A hereto) or its                validity,                construction, meaning, performance or your rights hereunder shall,                unless                the Company in its sole discretion determines otherwise, be settled                by                arbitration, at a location designated by the Company, in accordance                with                the Commercial Arbitration Rules of the American Arbitration Association                or its successor, as amended from time to time. However, prior to                submission to arbitration you will attempt to resolve any disputes                or                disagreements with the Company over this Agreement amicably and                informally, in good faith, for a period not to exceed two weeks.                Thereafter, the dispute or disagreement will be submitted to arbitration.                At any time prior to a decision from the arbitrator(s) being rendered,                you                and the Company may resolve the dispute by settlement. You and the                Company                shall equally share the costs charged by the American Arbitration                Association or its successor, but you and the Company shall otherwise                be                solely responsible for your own respective counsel fees and expenses.                The                decision of the arbitrator(s) shall be made in writing, setting forth                the                award, the reasons for the decision and award and shall be binding                and                conclusive on you and the Company. Further, neither you nor the Company                shall appeal any such award. Judgment of a court of competent jurisdiction                may be entered upon the award and may be enforced as such in accordance                with the provisions of the award.  |
| **Governing                Law**                    |   | The                laws of the State of Delaware will govern all matters relating to                this                Agreement, without regard to the principles of conflict of                laws.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |

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| **Notices**                                                    |   | Any                notice you give to the Company must be in writing and either                hand-delivered or mailed to the office of the Chief Executive Officer                of                the Company. If mailed, it should be addressed to the Chief Executive                Officer of the Company at its then main headquarters. Any notice                given to                you will be addressed to you at your address as reflected on the                personnel                records of the Company. You and the Company may change the address                for                notice by like notice to the other. Notice will be deemed to have                been                duly delivered when hand-delivered or, if mailed, on the day such                notice                is postmarked.  |
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| **Agreement                Subject to Plan; Entire Agreement** |   | This                Agreement shall be subject to the terms of the Plan in effect on                the date                hereof, which terms are hereby incorporated herein by reference and                made a                part hereof. This Agreement constitutes the entire understanding                between                the Company and you with respect to the subject matter hereof and                no                amendment, supplement or waiver of this Agreement, in whole or in                part,                shall be binding upon the Company unless in writing and signed by                the                President of the Company                                                                                                                                                            |
| **Conflicting                Terms**                           |   | Wherever                a conflict may arise between the terms of this Agreement and the                terms of                the Plan in effect on the date hereof, the terms of the Plan will                control.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| **Attachment                A**                                |   | In                consideration of the award to you of Restricted Shares, you hereby                agree                to the confidentiality and non-interference provisions set forth                in                Attachment A hereto.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |

**including      Attachment A hereto.**

|         |                                  |         |
|--------------|---------------------------------------|--------------|
|         | ICONIX              BRAND GROUP, INC. |
|    |                             |    |
|         | By:                         |         |
|         |                                       |
|         |                                  |

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**ACKNOWLEDGMENT**

**including      Attachment A hereto**
**including      Attachment A hereto**

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**Attachment      A to Restricted Stock Agreement**

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