**Exhibit 10.16(c)****THIRD AMENDMENT TO LEASE**     THIS AMENDMENT, dated this 7th day of May, 2007, between CLP INDUSTRIAL PROPERTIES, LLC,a Delaware Limited Liability Company (“Lessor”) and SKECHERS USA, INC., a Delaware corporation(“Lessee”), for the premises located in the City of Ontario, County of San Bernardino, State ofCalifornia, commonly known as 1777 S. Vintage Avenue (the “Premises”).**WITNESSETH:**     **WHEREAS**, Lessor’s Predecessor, CABOT INDUSTRIAL PROPERTIES, L.P., a Delaware corporation, andLessee, entered into that certain Lease dated November 21, 1997, the First Amendment to Lease datedApril 26, 2002, and Second Amendment to Lease dated May 14, 2002 (hereinafter collectively referredto as the “Lease”); and     **WHEREAS**, Lessor and Lessee desire to amend the Lease as more fully set forth below.     **NOW, THEREFORE**, in consideration of the mutual covenants and conditions contained herein and othergood and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, theparties agree as follows:     1. Definitions. Unless otherwise specifically set forth herein, all capitalized termsherein shall have the same meaning as set forth in the Lease.     2. Term: Paragraph 2, Term, of the First Amendment to Lease, shall be deleted in itsentirety and the following substituted therefore: The term of the Lease shall be extended until andshall terminate on, May 31, 2009, which shall be deemed to be the Expiration Date for all purposesunder the Lease.     3. Base Rental: Paragraph 5, Base Rental, of the First Amendment to Lease, shall be amendedeffective December 1, 2007 as follows:                   **Period** **Rentable Square** **Annual Rent** **Annual Rent** **Monthly Installment****from** **through** **Footage** **Per Square Foot** **Base Rent** **of Base Rent**12/1/2007 5/31/2009  284,559  $5.10  $1,451,250.90  $120,937.58      4. Renewable Option. The Renewal Option set forth in the First Amendment to Lease ishereby deleted and terminated and Lessee shall have not rights to exercise the Option as set forththerein.**[THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]**
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     5. Authority. Paragraph 44, of the Lease shall be deleted in its entirety and the followingsubstituted therefore: Lessee’s Authority (OFAC): If Lessee signs as a corporation, partnership,trust or other legal entity each of the persons executing this Lease on behalf of Lessee representsand warrants that Lessee has been and is qualified to do business in the state in which theBuilding is located, that the entity has full right and authority to enter into this Lease, andthat all persons signing on behalf of the entity were authorized to do so by appropriate actions.Lessee agrees to deliver to Lessor, simultaneously with the delivery of this Lease, a corporateresolution, proof of due authorization by partners, opinion of counsel or other appropriatedocumentation reasonably acceptable to Lessor evidencing the due authorization of Lessee to enterinto this Lease.Lessee hereby represents and warrants that neither Lessee, nor any person or entities holding anylegal or beneficial interest whatsoever in Lessee, are (i) the target of any sanctions program thatis established by Executive Order of the President or published by the Office of Foreign AssetsControl, U.S. Department of the Treasury (“OFAC”); (ii) designated by the President or OFACpursuant to the Trading with the Enemy Act, 50 U.S.C. App. § 5, the International EmergencyEconomic Powers Act, 50 U.S.C. §§ 1701-06, the Patriot Act, Public Law 107-56, Executive Order13224 (September 23, 2001) or any Executive Order of the President issued pursuant to such statues;or (iii) named on the following list that is published by OFAC: “List of Specially DesignatedNationals and Blocked Persons.” If the foregoing representation is untrue at any time during theTerm, an Event of Default will be deemed to have occurred, without the necessity of notice toLessee.     6. Financial Statements and Credit: At Lessor’s request, Lessee shall deliver to Lessor acopy, certified by an officer of Lessee as being a true and correct copy, of Lessee’s most recentaudited financial statement, or if unaudited, certified by Lessee’s chief financial officer asbeing true, complete and correct in all material respects. Lessee hereby authorizes Lessor toobtain one or more credit reports on Lessee at any time, and shall execute such furtherauthorizations as Lessor may reasonably require in order to obtain a credit report.     7. Broker Indemnification. Lessee represents and warrants to Lessor that no real estatebroker, agent, commissioned salesperson or other person has represented Lessee in the negotiationsof this Agreement, other than CB Richard Ellis and RREEF Management Company. Lessor agrees to payall commissions due the foregoing broker. Lessee agrees to indemnify and hold Lessor harmless fromand against any claim for any such commissions, fees or other form of compensation by any suchthird party claiming through the Lessee, including, without limitation, any and all claims, causesof action, damages, costs and expenses, including attorneys’ fees associated therewith.**[THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]**
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     8. Incorporation. Except as modified herein, all other terms and conditions of the Leasebetween the parties above described, as attached hereto, shall continue in full force and effect.     9. Limitation of Lessor’s Liability. Redress for any claim against Lessor under thisAmendment and the Lease shall be limited to and enforceable only against and to the extent ofLessor’s interest in the Building. The obligations of Lessor under this Amendment and the Lease arenot intended to be and shall not be personally binding on, nor shall any resort be had to theprivate properties of, any of its or its investment manager’s trustees, directors, officers,partners, beneficiaries, members, stockholders, employees, or agents, and in no case shall Lessorbe liable to Lessee hereunder for any lost profits, damage to business, or any form of special,indirect or consequential damages.     **IN WITNESS WHEREOF**, Lessor and Lessee have executed the Amendment as of the day and year firstwritten above.
**LESSOR:****CLP INDUSTRIAL PROPERTIES, LLC,**