Exhibit 10.1

AMENDMENT NUMBER SEVEN
                                       TO 
                                       LOAN AND SECURITY AGREEMENT

This AMENDMENT NUMBER SEVEN, dated as of April 23, 2007, (this "Amendment") is an
amendment to the Loan and Security Agreement, dated as of April 18, 2003, by and between Shoe Pavilion Corporation, a Washington
corporation (the "Borrower") and Wells Fargo Retail Finance, LLC, as "Lender", as amended by that Amendment
Number One to Loan and Security Agreement dated as of September 24, 2004 by and between the Borrower and the Lender, as amended by that
Amendment Number Two to Loan and Security Agreement dated as of May 12, 2005 by and between the Borrower and the Lender, as amended
by that Amendment Number Three to Loan and Security Agreement dated as of August 11, 2005, as amended by that Amendment Number Four
to Loan and Security Agreement dated as of March 15, 2006 by and between the Borrower and the Lender, as amended by that Amendment
Number Five to the Loan and Security Agreement dates as of October 30, 2006, as amended by that Amendment Number Six to Loan and
Security Agreement dated as of December 11, 2006 between the Borrower and the Lender (as further  amended from
time to time, the "Loan Agreement").  All capitalized terms not otherwise defined herein shall have the meanings ascribed to
them in the Loan Agreement.

The Borrower has requested that the Lender agree to certain modifications of the Loan
Agreement as set forth herein.  The Lender is prepared to agree to the Borrower's request on the terms and conditions contained herein.

In consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, each of the undersigned hereby agrees as follows:

1. Schedule 6.2(c)(i)(A).  Schedule 6.2(c)(i)(A) of the Loan Agreement shall be deleted in it
entirety and the following shall be substituted therefor:  "(A) Inventory Summary Report by Department".
2. Schedule 6.2(c)(v)
3. Acknowledgement of Obligations by Borrower

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1. Ratification of Financing
2. Representations, Warranties and Covenants.  The Borrower and
Guarantor, jointly and severally, represents, warrants and covenants with and to the Lender as follows, which representations, warranties and
covenants are continuing and shall survive the execution and delivery hereof, the truth and accuracy of, or compliance with each, together with the
representations, warranties and covenants in the other Loan Agreements, being a continuing condition of the making or providing any loans or
Letters of Credit by the Lender to Borrower:
3. Conditions Precedent.    This Amendment shall become
effective upon satisfaction of each of the following conditions precedent or waiver of such conditions by the Lender:
4. Miscellaneous.  Section and paragraph headings herein are included for convenience
of reference only and shall not constitute a part of this Amendment for any other purpose.  This Amendment shall be governed by, and
construed in accordance with, the laws of the State of California.

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1. Counterparts.  This Amendment may be executed in any number of counterparts, each
of which shall be deemed to be an original hereof and submissible into evidence and all of which together shall be deemed to be a single
instrument.  In making proof of this Amendment, it shall not be necessary to produce or account for more than one counterpart thereof signed by
each of the parties hereto.  Delivery of an executed counterpart of this Amendment by facsimile or other electronic method of transmission shall
have the same force and effect as delivery of an original executed counterpart of this Amendment.

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their authorized
officers as of the day and year first above written.



WELLS FARGO RETAIL FINANCE, LLC(the "Lender")

By:  __/s/ ROBERT C. CHAKARIAN   Name: Robert C. ChakarianTitle: VP



BORROWER:

SHOE PAVILION CORPORATION

By:/s/ BRUCE L. ROSS   	Name: Bruce L. Ross	Title:   EVP & CFO

Signature page to Amendment Number 7







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ACKNOWLEDGEMENT AND CONSENT

The undersigned, as a party to one or more Loan Documents, as defined in the Loan and Security
Agreement, dated as of April 18, 2003, as heretofore amended (the "Loan Agreement"), by and between Shoe Pavilion Corporation, a
Washington corporation (the "Borrower") and Wells Fargo Retail Finance, LLC, a Delaware limited liability company, as lender (the "Lender"), hereby (i) acknowledges and consents to Amendment Number Seven
dated as of April 23, 2007, to Loan Agreement (the "Amendment", all terms defined therein being used
herein as defined therein), to which this Acknowledgement and Consent is attached, together with all prior amendments to the Loan Agreement;
(ii) confirms and agrees that the General Continuing Guaranty dated as of April 18, 2003 to which the undersigned is a party is, and shall continue
to be, in full force and effect and is ratified and confirmed in all respects; (iii) confirms and agrees that the Loan Agreement together with each
other Loan Document to which the undersigned is a party is, and shall continue to be, in full force and effect and is hereby ratified and confirmed in
all respects; and (iv) confirms and agrees that to the extent that any such Loan Document purports to assign or pledge to the Lender, or to grant to
the Lender a security interest in or lien on, any collateral as security for the obligations of the Borrower and Guarantor from time to time existing in
respect of the Loan Documents, such pledge, assignment and/or grant of a security interest or lien is hereby ratified and confirmed in all respects
as security for all obligations of the Borrower and the undersigned, whether now existing or hereafter arising.



SHOE PAVILION CORPORATION                   Dated:  April 23, 2007

By:__/s/ DMITRY BEINUS________________Name:	Dmitry BeinusTitle:	Chairman & CEO







Signature Page to Acknowledgment and Consent to Amendment Number Seven





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