exv10w15we






Exhibit 10.15(e)



FIFTH AMENDMENT TO LEASE




          This FIFTH AMENDMENT TO LEASE (“Fifth Amendment”) is dated for reference purposes June 03, 2010
and is entered into by and between ProLogis California I LLC, a Delaware limited liability
company (“Landlord”), and Skechers USA, Inc., a Delaware corporation (“Tenant”).




RECITALS




          WHEREAS Landlord and Tenant are parties to that certain Lease dated as of November 21, 1997, as
amended by that certain First Amendment to Lease dated April 26, 2002 and that Second Amendment to
Lease dated December 10, 2007 and that Third Amendment to Lease dated January 29, 2009 and that
Fourth Amendment to Lease dated September 23, 2009 (collectively, as amended, the “Lease”) whereby
Landlord leased to Tenant that certain Premises containing approximately 127,799 rentable square
feet of that certain building commonly known as Ontario Distribution Center #4 located at 1661 S.
Vintage Avenue, Ontario, California 91761 (the “Premises”), all as more particularly described in
the Lease. All capitalized terms used and not otherwise defined herein shall have the meanings
given those terms in the original Lease, and or subsequent amendments, as applicable.




          WHEREAS Tenant and Landlord desire to amend the Lease, including but not limited to the extension
of the Lease Term, pursuant to this Fifth Amendment.




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




     1. The Term of the Lease is being extended for eight (8) months (“Fifth Extension Term”) which
shall commence on January 1, 2011 and shall terminate August 31, 2011. All of the terms and
conditions of the Lease shall remain in full force and effect during the Fifth Extension Term
except that the Monthly Base Rent shall be as follows:



	 	 	 	 	 
	Period	 	Monthly Base Rent
	January 1, 2011 — August 31, 2011
	 	$	40,895.68	 






     2. The Two Renewal Options at a Fixed Rate outlined in Addendum 1 of the Fourth Amendment to
Lease shall be considered null and void and shall have no further force or effect.



     3. Tenant shall accept the Premises and all systems serving the Premises in an “AS-IS”
condition and Landlord shall have no obligation to refurbish or otherwise improve the
Premises for the Fifth Extension Term.



     4. Except as modified herein, the Lease, and all of the terms and conditions thereof, shall
remain in full force and effect.



     5. Any obligation or liability whatsoever of ProLogis, a Maryland real estate investment trust,
which may arise at any time under the Lease or this Fifth Amendment or any obligation or
liability which may be incurred by it pursuant to any other instrument, transaction or
undertaking contemplated hereby, shall not be personally binding upon, nor shall resort for
the enforcement thereof be had to the property of, its trustees, directors, shareholders,
officers, employees, or agents regardless of whether such obligation or liability is in the
nature of contract, tort or otherwise.



          IN WITNESS WHEREOF, the parties hereto have signed this Fifth Amendment to Lease as of the day
and year first above written.




	 	 	 	 	 	 	 	 	 

	TENANT:	 	 	 	LANDLORD:
	 
	 	 	 	 	 	 	 	 
	Skechers USA, Inc.,

a Delaware corporation	 	 	 	ProLogis California I LLC, a Delaware limited

liability company
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:
	 	ProLogis Management Incorporated

a Delaware corporation

 its Agent
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Paul K. Galliher
	 	 	 	By:
	 	/s/ W. Scott Lamson
	 

	 	 
	 	 	 	 	 	 
	Name:

	 	Paul K. Galliher
	 	 	 	Name:
	 	W. Scott Lamson
	Title:

	 	Senior Vice President
	 	 	 	Title:
	 	Senior Vice President