ex10_1.htm


    
      
        
        

      

      
        
        

        
          
Return
          to 10-Q

      

      
        
        

      

    


    Exhibit
      10.1

    AMENDMENT
      NO. 9

    TO
      TRADEMARK LICENSE AND TECHNICAL ASSISTANCE AGREEMENT

    


    


    This
      Amendment No. 9, dated October 24, 2007, is to the Trademark License and
      Technical Assistance Agreement, dated January 15, 1998, by and between Latitude
      Licensing Corp. (“Licensor”) and I.C. Isaacs & Company L.P. (“Licensee”), as
      previously amended by Amendment No. 1 on November 12, 1998, Amendment No. 2
      on
      June 21, 2000, Amendment No. 3 on May 31, 2001, Amendment No. 4 on October
      2,
      2002, Amendment No. 5 on March 31, 2003, Amendment No. 6 on October 29, 2003,
      Amendment No. 7 on December 16, 2004 and Amendment No. 8 on March 29, 2006
      (as
      amended, the “Agreement”).  Capitalized terms used herein have the
      meaning ascribed to them in the Agreement unless otherwise
      indicated.

     

    WHEREAS,
      the parties therefore wish to extend the term and scope of the Agreement and
      to
      provide for certain fees as set forth herein.

     

    NOW,
      THEREFORE, for good and valuable consideration, the sufficiency and receipt
      of
      which are hereby acknowledged, the parties agree to amend the Agreement as
      follows:

     

    1.           Section
      2 — Term and Territory

     

    Section
      2.1 of the Agreement, relating to the term and territory, is hereby amended
      by
      adding to the last sentence thereof the following words:

     

    “and,
      thereafter, for an additional term of three (3) years commencing January 1,
      2012
      and ending December 31, 2014”

     

    
      	
              2.  

            	
              Section
                5 — Royalties

            


    

     

    Section
      5.5 of the Agreement, is hereby amended by adding the following to the Minimum
      Royalties table set forth therein:

     

    
      	 	
              Calendar
                Year                              

            	 	
              Minimum
                Royalties

            	 
	 	
              2012

            	 	
              $3,000,000

            	 
	 	
              2013

            	 	
              $3,000,000

            	 
	 	
              2014

            	 	
              $3,000,000

            	 
	 	 	 	 	 


    

    
      	
              3.  

            	
              Effective
                Date

            


    

     

    This
      Amendment No. 9 shall be effective as of the date first written
      above.

     

    
      	
              4.  

            	
              Full
                Force and Effect

            


    

     

    Except
      as
      expressly amended by this Amendment No. 9, the Agreement shall continue in
      full
      force and effect.

     


    
      
              

                  
      
      

                             .              
    

        
        

      

      
        1

        
          

        

      

      
        
        

      

    


    IN
      WITNESS WHEREOF, the parties, by their duly authorized representatives,
      have executed this Amendment No. 9 as of the dates indicated below.

     

    
      	
              LATITUDE
                LICENSING CORP.

            	 	
              I.C.
                ISAACS & COMPANY L.P.

            
	 	 	 
	
              By:           /s/
                Serge J.
                Massat

              Name:     
                Serge J. Massat

              Title:        Secretary

              Date:        October
                31, 2007

            	 	
              By:           /s/
                Robert S. Stec

              Name:      Robert
                S.
                Stec                          

              Title:        Chief
                Executive
                Officer              

              Date:        November
                8,
                2007              

            


    

    


     


    
      
              

                  
      
      

                             .              
    

        
        

      

      
        2