Exhibit 10.3
 EXECUTION VERSION
 AMENDED AND RESTATED FINANCING AGREEMENT
 The CIT Group/Commercial Services, Inc.
(as Agent)
 the Lenders that are parties hereto
 and
 G-III Leather Fashions, Inc.,
J. Percy for Marvin Richards, Ltd.
 CK Outerwear, LLC
 A. Marc & Co., Inc.
 and
 Andrew & Suzanne Company Inc.
(as Borrowers)
 Dated: April 3, 2008




---



##### 



TABLE OF CONTENTS
 PageSECTION1.
    
    Definitions
    
    
    21.1.
    
    Defined Terms
    
    
    2SECTION2.
    
    Conditions Precedent
    
    
    262.1.
    
    Conditions Precedent to Initial Funding
    
    
    26SECTION3.
    
    Revolving Loans and Collections
    
    
    303.1.
    
    Funding Conditions and Procedures
    
    
    303.2.
    
    Handling of Proceeds of Collateral; Cash Dominion
    
    
    323.3.
    
    Collective Borrowing Arrangement; Revolving Loan Account
    
    
    333.4.
    
    Repayment of Overadvances
    
    
    333.5.
    
    Application of Proceeds of Collateral
    
    
    343.6.
    
    Monthly Statement
    
    
    343.7.
    
    Access to CITs System
    
    
    35SECTION4.
    
    [RESERVED]
    
    
    35SECTION5.
    
    Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases
    
    
    365.1.
    
    Assistance and Purpose
    
    
    365.2.
    
    Authority to Charge Revolving Loan Account
    
    
    375.3.
    
    Indemnity Relating to Letters of Credit and Bankers Acceptances
    
    
    375.4.
    
    Compliance of Goods, Documents and Shipments with Agreed Terms
    
    
    375.5.
    
    Handling of Goods, Documents and Shipments
    
    
    385.6.
    
    Compliance with Laws; Payment of Levies and Taxes
    
    
    385.7.
    
    Subrogation Rights
    
    
    395.8.
    
    Risk Participation
    
    
    39SECTION6.
    
    Collateral
    
    
    396.1.
    
    Grant of Security Interest
    
    
    396.2.
    
    Limited License
    
    
    406.3.
    
    Representations, Covenants and Agreements Regarding Collateral Generally
    
    
    406.4.
    
    Representations Regarding Accounts and Inventory
    
    
    406.5.
    
    Covenants and Agreements Regarding Accounts and Inventory
    
    
    416.6.
    
    Covenants and Agreements Regarding Equipment
    
    
    426.7.
    
    General Intangibles
    
    
    426.8.
    
    Commercial Tort Claims
    
    
    426.9.
    
    Letter of Credit Rights
    
    
    436.10.
    
    Intentionally Omitted.
    
    
    436.11.
    
    Reference to Other Loan Documents
    
    
    436.12.
    
    Credit Balances; Additional Collateral
    
    
    43
 i




---



##### 



PageSECTION7.
    
    Representations, Warranties and Covenants
    
    
    447.1.
    
    Initial Disclosure Representations and Warranties
    
    
    447.2.
    
    Affirmative Covenants
    
    
    467.3.
    
    Financial Covenants
    
    
    567.4.
    
    Negative Covenants
    
    
    577.5.
    
    Licensor Consent Letters
    
    
    607.6.
    
    Landlord Waivers
    
    
    607.7.
    
    Excluded Subsidiaries
    
    
    617.8.
    
    Foreign Subsidiaries
    
    
    61SECTION8.
    
    Interest, Fees and Expenses
    
    
    618.1.
    
    Interest
    
    
    618.2.
    
    Default Interest Rate
    
    
    618.3.
    
    Fees and Expenses Relating to Letters of Credit,
Bankers Acceptances, Steamship Guarantees and Airway
Releases
    
    
    628.4.
    
    Out-of-Pocket Expenses
    
    
    628.5.
    
    Line of Credit Fee; Charging of Interest and Fees
    
    
    628.6.
    
    Intentionally Omitted
    
    
    628.7.
    
    Fee Letter
    
    
    628.8.
    
    Standard Operational Fees
    
    
    628.9.
    
    LIBOR Loans
    
    
    638.10.
    
    LIBOR Breakage Costs and Fees
    
    
    658.11.
    
    Early Termination Fee
    
    
    658.12.
    
    Capital Adequacy
    
    
    658.13.
    
    Taxes, Reserves and Other Conditions
    
    
    668.14.
    
    Authority to Charge Revolving Loan Account
    
    
    66SECTION9.
    
    Powers
    
    
    679.1.
    
    Authority
    
    
    679.2.
    
    Limitations on Exercise
    
    
    67SECTION10.
    
    Events of Default and Remedies
    
    
    6710.1.
    
    Events of Default
    
    
    6710.2.
    
    Remedies With Respect to Outstanding Loans
    
    
    6910.3.
    
    Remedies With Respect to Collateral
    
    
    7010.4.
    
    Application of Proceeds
    
    
    7110.5.
    
    General Indemnity
    
    
    71SECTION11.
    
    Termination
    
    
    72SECTION12.
    
    Miscellaneous
    
    
    7212.1.
    
    Waivers
    
    
    7212.2.
    
    Entire Agreement; Amendments
    
    
    7312.3.
    
    Usury Limit
    
    
    7312.4.
    
    Severability
    
    
    7312.5.
    
    WAIVER OF JURY TRIAL; SERVICE OF PROCESS
    
    
    7312.6.
    
    Notices
    
    
    7412.7.
    
    Joint and Several Liability
    
    
    7512.8.
    
    CHOICE OF LAW
    
    
    76
 ii




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##### 



PageSECTION13.
    
    Agreements Regarding the Lenders
    
    
    7613.1.
    
    Copies of Statements and Financial Information
    
    
    7613.2.
    
    Payments of Principal, Interest and Fees
    
    
    7613.3.
    
    Defaulting Lender
    
    
    7613.4.
    
    Participations and Assignments
    
    
    7613.5.
    
    Sharing of Liabilities
    
    
    7713.6.
    
    Exercise of Setoff Rights
    
    
    7813.7.
    
    Confidentiality
    
    
    7813.8.
    
    Register
    
    
    79SECTION14.
    
    Agency
    
    
    8014.1.
    
    Appointment of Agent; Powers
    
    
    8014.2.
    
    Delegation of Agents Duties
    
    
    8014.3.
    
    Disclaimer of Agents Liabilities
    
    
    8014.4.
    
    Reliance and Action by Agent
    
    
    8114.5.
    
    Events of Default
    
    
    8114.6.
    
    Lenders Due Diligence
    
    
    8214.7.
    
    Right to Indemnification
    
    
    8214.8.
    
    Other Transactions
    
    
    8214.9.
    
    Resignation of Agent
    
    
    8214.10.
    
    Voting Rights; Agents Discretionary Rights
    
    
    8314.11.
    
    Deemed Consent
    
    
    8414.12.
    
    Survival of Agreements of the Lenders
    
    
    84
 iii




---



##### 



EXHIBITS
 Exhibit A
    
    Form of Assignment and Transfer AgreementExhibit B
    
    Form of Revolving Loan Promissory NoteExhibit D
    
    Form of Compliance CertificateExhibit E
    
    Form of Borrowing Base CertificateExhibit F
    
    Form Continuing Agreement for Issuance of Steamship Guaranties and Airway ReleasesExhibit H
    
    Form of Available to Sell Report Designated in DollarsExhibit I
    
    Form of Inventory Analysis ReportExhibit J
    
    Form of Key item ReportExhibit 7.5
    
    Form of Licensor Consent LettersExhibit 7.6
    
    Form of Landlord Waiver Letters
 SCHEDULES
 Schedule 1.1(a)
    
    Existing IndebtednessSchedule 1.1(c)
    
    Existing Bankers AcceptancesSchedule 1.1(d)
    
    Existing Letters of CreditSchedule 1.1(e)
    
    Excluded SubsidiariesSchedule 1.1(b)
    
    Description of Real EstateSchedule 7.1(b)
    
    Companies and Collateral InformationSchedule 7.1(f)
    
    Environmental MattersSchedule 7.1(i)
    
    TaxesSchedule 7.1(k)
    
    Labor MattersSchedule 7.5
    
    Licensor Consent LettersSchedule 7.6
    
    Landlord Waivers
 iv




---



##### 



CIT nd Section 13.4(b) Lenders Lender Agent G-III Inc. JPMR CKO AMC A&S Company Companies
  Original Companies Original Financing Agreement Original Closing
Date




---



##### 



Financing Agreement provided however
 SECTION 1. DEFINITIONS
 1.1. Defined Terms .
 Accounts
 Accounts Receivable Aging Report
 Affiliate
 2




---



##### 



provided
 Agents Bank Account
 Airway Releases
 Applicable Margin
 Asset Securitization provided however
 Asset Securitization Recourse Liability
 Assignment and Transfer Agreement
 Assignment of Factoring Proceeds Agreement inter alia
 3




---



##### 



Attributable Indebtedness
 Availability Reserve
 plus
 plus
 plus
  Banking Services
 Banking Services Obligations
 4




---



##### 



Bankers Acceptance
 Borrowing Base
   Borrowing Base Certificate
 Business Day
 Capital Expenditures
 Capitalized Lease
 Capitalized Lease Obligations
 5




---



##### 



Cash
 Cash Collateral Account
 Cash Equivalents
 Casualty Proceeds
 Chase Bank Rate
 Chase Bank Rate Loans
 CITs System
 Closing Date
 Collateral
 Commitment Section 13.4(b)
 Compliance Certificate
 Confidential Information Section 13.7
 Consolidated Balance Sheet
 Consolidating Balance Sheet
 6




---



##### 



Continuing Agreement
 Copyrights
 Default Section 10.1
 Default Rate of Interest
 Depository Account Section 2.1(j) Section 3.2(c)
 Depository Account Control Agreement Section
3.2(b)
 Dilution Percentage
 7




---



##### 



Documentation Fees
 Documents of Title
 Domestic Subsidiary
 Due from Factor Receivables
 plus
 provided
 8




---



##### 



plus
 plus
  Early Termination Date
 Early Termination Fee
 EBITDA before excluding
 Electronic Transmission Section
7.2(g)
 9




---



##### 



Eligible Accounts Receivable plus
 Eligible Assignee provided however
 Eligible Inventory
 10




---



##### 



Eligible Trade Accounts Receivables less
 plus
 plus
 plus
  11




---



##### 



Equipment
 ERISA
 Eurocurrency Reserve Requirements
 Event(s) of Default
 Excluded Subsidiary
 Existing Bankers Acceptances
 Existing Letters of Credit
 Factor
 Factoring Agreement
 Factoring Fees
 Fee Letter
 12




---



##### 



Fixed Charge Coverage Ratio
 Fixed Charges Section 7.4(f)
 Funds Administrator
 GAAP
 General Intangibles
 Goods
 Guaranties
 Guarantors
 13




---



##### 



Holdings
 Indebtedness
 Indemnified Party
 Interest Period provided
 Inventory
 14




---



##### 



Invested Cash
 Investment Property
 Issuing Bank
 Ledger Debt
 Letters of Credit Section 5
 Letter of Credit Guaranty
 Letter of Credit Guaranty Fee Section 8.3(a)
 15




---



##### 



Letter of Credit Sub-Line
 LIBOR provided
 LIBOR Interest Payment Date
 LIBOR Lending Office
 LIBOR Loan
 Line of Credit Section 3 Section 5
 Line of Credit Fee minus times provided however
 16




---



##### 



Loan Documents
 Material Adverse Effect
 Net Availability plus
 Net Orderly Liquidation Value
 Non-Excluded Taxes
 Obligations
 17




---



##### 



Operating Leases
 Original Closing Date
 Original Companies
 Original Financing Agreement
 Other Collateral
 Other Permitted Investments
    18




---



##### 



provided however
 Out-of-Pocket Expenses Section 7.2(a)
 19




---



##### 



Section 10.3
 Overadvances
 Parent
 Patents
 Permitted Distributions
    20




---



##### 



provided provided further
 Permitted Encumbrances provided further
 Permitted Indebtedness Schedule 1.1(a)
 21




---



##### 



Permitted Intercompany Loan
 Permitted Tax Liens provided
 Person
 Pro Rata Percentage
 Proceeds
 Promissory Notes Exhibit B
 Purchase Money Liens provided
 22




---



##### 



Real Estate Schedule 1.1(b)
 Register Section 13.8(a)
 Regulatory Change
 Required Insurance Section 7.2(c)
 Required Lenders
 Revolving Line of Credit Section 3 Section 5
 Revolving Loan Account
 Revolving Loans Section 3
 Security provided however
 23




---



##### 



Senior Leverage Ratio
 Settlement Date provided
 Special Capital Expenditures
 SPV
 Steamship Guarantees
 Subordinated Debt
 Subsidiary
 Supplemental Amount
 SupplementalPeriod
    
    AmountClosing Date through and including April 30, 2008
    
    $
    0May 1, 2008 through and including May 31, 2008
    
    $
    25,000,000June 1, 2008 through and including June 30, 2008
    
    $
    40,000,000July 1, 2008 through and including July 31, 2008
    
    $
    45,000,000August 1, 2008 through and including September 29, 2008
    
    $
    50,000,000September 30, 2008 through and including October 15, 2008
    
    $
    10,000,000October 16, 2008 through and including April 30, 2009
    
    $
    0
 24




---



##### 



Supplemental Amount Reductions Section 3.5(a) Section 7.2(c)
 Swap Contracts
 Synthetic Lease Obligation
 Taxes
 25




---



##### 



Term Loan
 Termination Date
 Trade Accounts Receivable
 Trademarks
 UCC
 Unused Non-Supplemental Availability minus minus plus
 Working Day
 SECTION 2. CONDITIONS PRECEDENT .
 2.1. Conditions Precedent to Initial Funding .
 (a) Financing Agreement and Other Loan Documents.
 26




---



##### 



(b) Lien Searches.
 (c) Casualty Insurance.
 (d) UCC Filings.
 (e) Resolutions.
 (f) Organizational Documents.
 (g) Officers Certificate.
 27




---



##### 



(h) Disbursement Authorizations.
 (i) Examination & Verification; Net Availability; Projections.
 (j) Depository Accounts; Payment Direction.
 (k) Repayment of Term Loan and Accrued Interest.
 (l) Guaranty and Related Documents. Sections 2.1(d) 2.1(e) 2.1(m)
 (m) Opinions.
 28




---



##### 



(n) Legal Restraints/Litigation.
 (o) Fee Letter and Out-of-Pocket Expenses.
 (p) Revolving Loan Promissory Notes. Exhibit B
 (q) Pledge Agreements.
 (r) Factoring Agreement.
 (s) Collateral Assignment of Licenses.
 (t) Intercreditor Agreement and Assignment of Factoring Proceeds.
  29




---



##### 



SECTION 3. REVOLVING LOANS AND COLLECTIONS
 3.1. Funding Conditions and Procedures .
 (a) Amounts and Requests.
 (b) Phone and Electronic Loan Requests.
 (c) Advances by the Agent.
 30




---



##### 



(d) Settlement Among Lenders.
 Section 13.3
 Section 3.1(a) Section 3.1(d)
 (e) Reaffirmation of Representations and Warranties. Sections 6.8 6.9 7.1
 (f) Funds Administrator Appointment.
 31




---



##### 



3.2. Handling of Proceeds of Collateral; Cash Dominion .
 (a) Collection of Accounts and Other Proceeds.
 (b) Transfer of Funds from Depository Accounts.
 (c) New Depository Accounts.
 (d) Credit Card Receipts.
 32




---



##### 



3.3. Collective Borrowing Arrangement; Revolving Loan Account .
 (a) Collective Borrowing Arrangement.
 (b) Revolving Loan Account.
 3.4. Repayment of Overadvances .
 33




---



##### 



3.5. Application of Proceeds of Collateral .
 (a) Generally. Section 3.5(a)
 (b) Application of Proceeds to Chase Bank Rate Loans and LIBOR Loans. Section 3.5(a) provided Section 3.5(b) Section 8.10
 (c) Application of Proceeds During an Event of Default. Section 10.4 Section 3.5(c) Section 8.10
 3.6. Monthly Statement .
 34




---



##### 



3.7. Access to CITs System .
 (a)
 (b)
 (c)
 (d)
 SECTION 4. [RESERVED]
 35




---



##### 



SECTION 5. LETTERS OF CREDIT, BANKERS ACCEPTANCES, STEAMSHIP GUARANTEES AND AIRWAY
RELEASES .
 Section 2.1
 5.1. Assistance and Purpose . Cash Equivalents Cash Collateral Account
 36




---



##### 



5.2. Authority to Charge Revolving Loan Account .
 5.3. Indemnity Relating to Letters of Credit and Bankers Acceptances .
 5.4. Compliance of Goods, Documents and Shipments with Agreed Terms .
 37




---



##### 



5.5. Handling of Goods, Documents and Shipments . Section 5.5
 5.6. Compliance with Laws; Payment of Levies and Taxes .
 38




---



##### 



5.7. Subrogation Rights .
 5.8. Risk Participation .
 SECTION 6. COLLATERAL
 6.1. Grant of Security Interest .
 (a) Grant of Security Interest.
 (b) Extent of Security Interests.
    39




---



##### 



6.2. Limited License .
 6.3. Representations, Covenants and Agreements Regarding Collateral Generally .
 (a) Representations and Warranties.
 (b) Covenants.
 6.4. Representations Regarding Accounts and Inventory .
 (a)
 (b)
 (c)
 (d)
 40




---



##### 



(e)
 (f)
 6.5. Covenants and Agreements Regarding Accounts and Inventory .
 (a) Section 7.2(d)
 (b)
 (c) Section 7.2(g)
 (d) Section 7.2(g)
 (e) Section 3.2
 (f)
 41




---



##### 



6.6. Covenants and Agreements Regarding Equipment .
 (a) Maintenance of Equipment. Section 6.6(b)
 (b) Sales of Equipment.
 6.7. General Intangibles .
 6.8. Commercial Tort Claims .
 42




---



##### 



6.9. Letter of Credit Rights .
 6.10. Intentionally Omitted .
 6.11. Reference to Other Loan Documents .
 6.12. Credit Balances; Additional Collateral .
 (a)
 (b)
 43




---



##### 



SECTION 7. REPRESENTATIONS, WARRANTIES AND COVENANTS
 7.1. Initial Disclosure Representations and Warranties .
 (a) Financial Condition.
 (b) Organization Matters; Collateral Locations. Schedule 7.1(b)
 (c) Power and Authority; Conflicts; Enforceability.
    44




---



##### 



(d) Schedules.
 (e) Compliance with Laws.
 (f) Environmental Matters. Schedule 7.1(f)
    (g) Pending Litigation.
 (h) Acquisition.
 45




---



##### 



(i) Taxes.
 (j) ERISA and Benefit Plans.
 (k) Labor Matters.
 7.2. Affirmative Covenants .
 (a) Maintenance of Financial Records; Inspections.
 46




---



##### 



(b) Further Assurances.
 (c) Insurance and Condemnation.
 Required Insurance Required Insurance
 47




---



##### 



The Agents Purchase of Insurance
 Application of Insurance and Condemnation Proceeds
    48




---



##### 



49




---



##### 



(d) Payment of Taxes.
 (e) Compliance With Laws.
  Section 7.2(e) Section 7.2(e)
 (f) Notices Concerning Environmental, Employee Benefit and Pension Matters.
  50




---



##### 



Collateral Reporting.
       51




---



##### 



provided however provided further
        52




---



##### 



53




---



##### 



(h) Financial Reporting.
    54




---



##### 



(i)Asset Appraisals.
 (j) Business Qualification.
 (k) Anti-Money Laundering and Terrorism Regulations.
 55




---



##### 



7.3. Financial Covenants .
 (a) Senior Leverage Coverage.
 Twelve Months Ending
    
    Senior Leverage RatioApril 30, 2008
    
    1.00 to 1.00July 31, 2008
    
    5.00 to 1.00October 31, 2008
    
    6.00 to 1.00January 31, 2009
    
    1.00 to 1.00April 30, 2009
    
    1.00 to 1.00July 31, 2009
    
    5.00 to 1.00October 31, 2009
    
    6.00 to 1.00January 31, 2010
    
    1.00 to 1.00April 30, 2010
    
    1.00 to 1.00July 31, 2010
    
    5.00 to 1.00October 31, 2010
    
    6.00 to 1.00January 31, 2011
    
    1.00 to 1.00April 30, 2011
    
    1.00 to 1.00
 (b) Fixed Charge Coverage.
 Twelve Months Ending
    
    Fixed Charge Coverage RatioApril 30, 2008
    
    1.00 to 1.00July 31, 2008
    
    1.00 to 1.00October 31, 2008
    
    1.20 to 1.00January 31, 2009
    
    1.30 to 1.00April 30, 2009
    
    1.00 to 1.00July 31, 2009
    
    1.00 to 1.00October 31, 2009
    
    1.20 to 1.00January 31, 2010
    
    1.30 to 1.00April 30, 2010
    
    1.00 to 1.00July 31, 2010
    
    1.00 to 1.00October 31, 2010
    
    1.20 to 1.00January 31, 2011
    
    1.30 to 1.00April 30, 2011
    
    1.00 to 1.00
 56




---



##### 



(c) Receivables Only Availability. minus
 7.4. Negative Covenants .
 (a) Liens and Encumbrances.
 (b) Indebtedness.
 (c) Sale of Assets. provided however provided further
 (d) Corporate Change.
 57




---



##### 



(e) Guaranty Obligations.
 (f) Dividends and Distributions.
 (g) Investments and Acquisitions.
 provided however minus
  58




---



##### 



(h) Related Party Transactions. provided however
 59




---



##### 



(i) Restricted Payments. provided however
 (j) Subordinated Debt.
 (k) Prohibited Uses of Proceeds.
 (l) Retail Stores.
 (m) Fiscal Year.
 7.5. Licensor Consent Letters .
 7.6. Landlord Waivers .
 60




---



##### 



7.7. Excluded Subsidiaries .
 7.8. Foreign Subsidiaries .
 SECTION 8. INTEREST, FEES AND EXPENSES
 8.1. Interest . plus plus Section 8.1
 8.2. Default Interest Rate . provided Section 10.1(d)
 61




---



##### 



8.3. Fees and Expenses Relating to Letters of Credit, Bankers Acceptances, Steamship
Guarantees and Airway Releases .
 (a) Letter of Credit Guaranty Fee and Bankers Acceptance Fee. Section 5
 (b) Charges of Issuing Bank.
 8.4. Out-of-Pocket Expenses .
 8.5. Line of Credit Fee; Charging of Interest and Fees . Section 8.1 Section 8.2 Section 8.1 Section 8.2
 8.6. Intentionally Omitted .
 8.7. Fee Letter .
 8.8. Standard Operational Fees . Section 7.2(a) Section
7.2(a) provided however
 62




---



##### 



provided
 8.9. LIBOR Loans .
 (a) Conditions Applicable to LIBOR Loans.
      (b) Restrictions Affecting the Making or Funding of LIBOR Loans.
 63




---



##### 



(c) Inability to Determine LIBOR.
 (d) Compensation for Costs. Section 8.9 Section 8.10
 (e) Loan Participants. Section 8.9
  64




---



##### 



8.10. LIBOR Breakage Costs and Fees .
 (a)
 (b)
 (c)
 8.11. Early Termination Fee .
 8.12. Capital Adequacy . Section 8.12 Section 8.12 Section 8.12
 65




---



##### 



8.13. Taxes, Reserves and Other Conditions .
 (a)
 (b)
 (c)
 Section
8.13 Section 8.13
 8.14. Authority to Charge Revolving Loan Account . Section 8 Section 8.1 Section 8.2
 66




---



##### 



SECTION 9. POWERS
 9.1. Authority .
 (a)
 (b)
 (c)
 (d)
 (e)
 (f)
 9.2. Limitations on Exercise . Sections 9.1(b) (c) (e) (f)
 SECTION 10. EVENTS OF DEFAULT AND REMEDIES
 10.1. Events of Default .
 (a) provided
 67




---



##### 



(b)
 (c)
 (d)
 (e) Section 10.1(e) provided
 (f)
 (g) Section 10.1(g)
 (h)
 (i)
 68




---



##### 



(j)
 (k)
 (l)
 (m)
 10.2. Remedies With Respect to Outstanding Loans . Sections 3 5 Sections 8.1 provided Section 8.2 Sections 3 5 Section 10.1(d) Section 10.1(d) Section 10.1(d)
 69




---



##### 



10.3. Remedies With Respect to Collateral . Section 10.4
 70




---



##### 



10.4. Application of Proceeds .
 (a)
 (b)
 (c)
 (d)
 (e)
 (f)
 (g)
 10.5. General Indemnity .
 (a)
 (b)
 71




---



##### 



(c)
 (d)
 (e)
 provided
 SECTION 11. TERMINATION
  SECTION 12. MISCELLANEOUS
 12.1. Waivers . Section 14.10
 72




---



##### 



12.2. Entire Agreement; Amendments . Section 14.10
 12.3. Usury Limit . Section 12.3
 12.4. Severability .
 12.5. WAIVER OF JURY TRIAL; SERVICE OF PROCESS .
 73




---



##### 



12.6. Notices .
 (a)
 nd
  
 (b)
 
  
 (c)
 (d)
 74




---



##### 



12.7. Joint and Several Liability .
 (a) Joint and Several Liability.
 (b) Subrogation and Contribution Rights.
 75




---



##### 



12.8. CHOICE OF LAW .
 SECTION 13. AGREEMENTS REGARDING THE LENDERS
 13.1. Copies of Statements and Financial Information .
 13.2. Payments of Principal, Interest and Fees .
 (a) provided Sections 8.7 8.8
 (b)
 13.3. Defaulting Lender . Section 3.1(d) Section 13.2
 13.4. Participations and Assignments .
 (a) Participations. provided
 76




---



##### 



Section 14.10
 (b) Assignments. provided
 (c) Cooperation of Companies and Guarantors. Section 13.7
 13.5. Sharing of Liabilities .
 77




---



##### 



Section 13.5
 13.6. Exercise of Setoff Rights . Section 13.6 provided however pro rata Section 13.6
 13.7. Confidentiality . Section 13. Confidential Information provided
 78




---



##### 



Section 7.1(h) provided
 (a) Section 13.7
 (b) Section 13.7
 (c)
 (d) Section 13.7
 (e)
  13.8. Register .
 (a) Section
13.8(a) Register
 79




---



##### 



Section 13.8(a)
 (b) Section 13.8(b)
 SECTION 14. AGENCY
 14.1. Appointment of Agent; Powers .
 14.2. Delegation of Agents Duties .
 14.3. Disclaimer of Agents Liabilities .
 80




---



##### 



14.4. Reliance and Action by Agent .
 14.5. Events of Default . provided Section 14.4
 81




---



##### 



14.6. Lenders Due Diligence .
 14.7. Right to Indemnification .
 14.8. Other Transactions .
 14.9. Resignation of Agent .
 82




---



##### 



14.10. Voting Rights; Agents Discretionary Rights .
 (a)
 (b) Section 14.10 Eligible
Accounts Receivable Eligible Inventory Collateral Required
Lenders Supplemental Amount
 (c)
 (d)
 (e)
  83




---



##### 



Eligible Accounts Receivable Eligible Inventory Availability Reserve Eligible Accounts Receivable Eligible
Inventory Section
14.10 Section 7.3 Section 7.4
 14.11. Deemed Consent . Section 14.11
 14.12. Survival of Agreements of the Lenders . Sections 13.3 13.5 13.6 14.4 14.7
 [Remainder of Page Intentionally Blank]
 84




---



##### 



THE CIT GROUP/COMMERCIAL
SERVICES, INC., as Agent and LenderBy:
    /s/ EDWARD J. AHEARNName:
    Edward J. AhearnTitle:
    Senior Vice PresidentCommitment: $15,000,000
Pro Rata Percentage: 6%
HSBC BANK USA, NATIONAL
ASSOCIATION, as LenderBy:
    /s/ SAM OPITZName:
    Sam OpitzTitle:
    Vice PresidentCommitment: $35,000,000
Pro Rata Percentage: 14%
SOVEREIGN BANK, as LenderBy:
    /s/ MATILDE REYESName:
    Matilde ReyesTitle:
    Senior Vice PresidentCommitment: $20,000,000
Pro Rata Percentage: 8%
[signatures continued on succeeding page]




---



##### 



ISRAEL DISCOUNT BANK OF NEW
YORK, as LenderBy:
    /s/ JUAN C. ZAINOName:
    Juan C. ZainoTitle:
    First Vice PresidentBy:
    /s/ R. DAVID KOMGRUENName:
    R. David KomgruenTitle:
    Vice PresidentCommitment: $30,000,000
Pro Rata Percentage: 12%
COMMERCE BANK, N.A., as LenderBy:
    /s/ MARTIN NORENName:
    Martin NorenTitle:
    Vice PresidentCommitment: $30,000,000
Pro Rata Percentage: 12%
SIGNATURE BANK, as LenderBy:
    /s/ ROBERT A. BROCHName:
    Robert A. BrochTitle:
    Senior Vice PresidentCommitment: $15,000,000
Pro Rata Percentage: 6%
[signatures continued on succeeding page]




---



##### 



BANK LEUMI USA, as LenderBy:
    /s/ JOHN KOENIGSBERGName:
    John KoenigsbergTitle:
    Senior Vice PresidentBy:
    /s/ IRIS STEINHARDTName:
    Iris SteinhardtTitle:
    Vice PresidentCommitment: $15,000,000
Pro Rata Percentage: 6%
WEBSTER BUSINESS CREDIT, as LenderBy:
    /s/ DANIEL C. DUPREName:
    Daniel C. DupreTitle:
    Vice PresidentCommitment: $15,000,000
Pro Rata Percentage: 6%JPMORGAN CHASE BANK, N.A., as LenderBy:
    /s/ BRITT OROURKEName:
    Britt ORourkeTitle:
    Vice PresidentCommitment: $30,000,000
Pro Rata Percentage: 12%
[signatures continued on succeeding page]




---



##### 



BANK OF AMERICA, N.A., as LenderBy:
    /s/ DAVID GUTIERREZName:
    David GutierrezTitle:
    Senior Vice PresidentCommitment: $25,000,000
Pro Rata Percentage: 10%
WACHOVIA BANK, N.A., as LenderBy:
    /s/ ROBERT MAICHINName:
    Robert MaichinTitle:
    Senior Vice PresidentCommitment: $20,000,000
Pro Rata Percentage: 8%
THE COMPANIES:
G-III LEATHER FASHIONS, INC., as a
Company and the Funds AdministratorBy:
    /s/ NEAL S. NACKMANName:
    Neal S. NackmanTitle:
    Vice President  FinanceJ. PERCY FOR MARVIN RICHARDS, LTD., as a
CompanyBy:
    /s/ NEAL S. NACKMANName:
    Neal S. NackmanTitle:
    Secretary[signatures continued on succeeding page]




---



##### 



CK OUTERWEAR, LLC, as a CompanyBy:
    /s/ NEAL S. NACKMANName:
    Neal S. NackmanTitle:
    SecretaryA. MARC & CO., INC., as a CompanyBy:
    /s/ NEAL S. NACKMANName:
    Neal S. NackmanTitle:
    Vice President  Finance and SecretaryANDREW & SUZANNE COMPANY INC., as a CompanyBy:
    /s/ NEAL S. NACKMANName:
    Neal S. NackmanTitle:
    Vice President  Finance and SecretaryAGREED AS TO SECTIONS 7.3 and 7.4(m):
G-III APPAREL GROUP, LTD., as ParentBy:
    /s/ NEAL S. NACKMANName:
    Neal S. NackmanTitle:
    Chief Financial Officer and Treasurer




---



##### 



EXHIBIT A
 FORM OF ASSIGNMENT AND TRANSFER AGREEMENT
 ASSIGNMENT AND TRANSFER AGREEMENT
 Financing Agreement G-III JPMR CK AMC A&S Company Companies Lenders Lender Agent Agreement Schedule 1 Schedule 1
 Assigned
Interest Schedule 1 Assigned Facilities Schedule 1
 Loan Documents




---



##### 








---



##### 



Schedule 1 to Assignment and Transfer Agreement
 
 
 
 Percentage ofAssigned Facilities
    
    Facilities Assigned
    
    Dollar Amount AssignedRevolving Line of Credit
    
    %
    
    $
 ASSIGNOR:
    
    
    
    ASSIGNEE:By:By:Its:
    
    
    
    
    
    Its:Accepted by the Agent:THE CIT GROUP/COMMERCIAL SERVICES,
INC., as Agent as aforesaidBy:Its:




---



##### 



EXHIBIT B
 SECOND AMENDED AND RESTATED
REVOLVING LOAN PROMISSORY NOTE R-__
 $___________
    
    April 3, 2008New York, New York




---



##### 



[BALANCE OF PAGE INTENTIONALLY LEFT BLANK]
 [SIGNATURE PAGE FOLLOWS]




---



##### 



G-III LEATHER FASHIONS, INC.By:Name:
    Neal S. NackmanTitle:
    Vice President  FinanceJ. PERCY FOR MARVIN RICHARDS, LTD.By:Name:
    Neal S. NackmanTitle:
    SecretaryCK OUTERWEAR, LLCBy:Name:
    Neal S. NackmanTitle:
    SecretaryA. MARC & CO., INC.By:Name:
    Neal S. NackmanTitle:
    Vice President  Finance & SecretaryANDREW & SUZANNE COMPANY, INC.By:Name:
    Neal S. NackmanTitle:
    Vice President  Finance & Secretary




---



##### 



EXHIBIT C
 [INTENTIONALLY OMITTED]




---



##### 



EXHIBIT D
 Compliance Certificate
[Quarterly]
 Borrower
       G-III LEATHER FASHIONS, INC.By:Neal S. NackmanVice President  FinanceG-III APPAREL GROUP, LTD.By:Neal S. NackmanChief Financial Officer and Treasurer




---



##### 



EXHIBIT D
 Compliance Certificate
[Monthly]
       G-III LEATHER FASHIONS, INC.By:Neal S. NackmanVice President  FinanceG-III APPAREL GROUP, LTD.By:Neal S. NackmanChief Financial Officer and Treasurer




---



##### 



Exhibit E




---



##### 



CIT
    
    ateral Update CertificateCompany Name:     G-III Apparel Group, LTD.
    
    Date: 3/25/08
 1.
    
    Period End Accounts Receivable as of:
    3/22/2008
    
    
    
    
    $
    95,419,8822.
    
    Accounts Receivable Ineligibles as of:
    3/22/2008Accounts over 61 days from Due Date:
    
    $
    13,845,430Intercompany Accounts
    
    
    0Government Accounts
    
    
    0Other Accounts50 % Cross-Aging Exclusion
    
    
    1,984,087Other    Credit Balances over 61 days
    
    
    653,275Other    CB Net of                 @     100.00%
    
    
    0TOTAL INELIGIBLES
    
    
    
    
    
    
    16,482,7923.
    
    Eligible Accounts Receivable (Line 1 minus Line 2)
    
    
    
    
    
    $
    78,937,0904.
    
    Accounts Receivable Advance Rate
    

    
    
    
    
    
    85
    %5.
    
    Accounts Receivable Availability (Line 3 times Line 4)
    

    
    
    
    
    $
    67,096,5266.
    
    Inventory as of:     ________          Source:     _________
 Type
    
    Gross Amount
    
    (-)
    
    Ineligible
    
    (X)
    
    Adv. Rate
    
    ( = )
    
    Available or CAPInventory
    
    $
    37,634,820
    
    
    
    -
    
    
    $
    6,272,280
    
    
    
    X
    
    
    
    50
    %
    
    
    =
    
    
    
    15,681,270Merchandise L/C Inventory
    
    $
    17,336,075
    
    
    
    -
    
    
    
    
    
    
    
    X
    
    
    
    37
    %
    
    
    =
    
    
    
    6,414,348
 Total Inventory Availability
    
    
    
    $
    22,095,6187.
    
    Other Availability
    
    Over Advance Privilege
    
    $
    07a.
    
    Other Availability
    
    Over advance reduction equal to 50% of eligible licensed inventory
    
    
    08.
    
    Other Availability
    
    Invested Cash
    
    
    34,3389.
    
    Total Gross Availability
    
    (The  lesser of the  total  of  Lines  5,6,7 and  8  or Credit Line of $45,000,000)
    
    $
    45,000,00010.
    
    Loan Balance
    
    
    
    $
    4,369,10011.
    
    Trade L/Cs Outstanding
    
    
    
    $
    17,718,59612.
    
    Total of FX, SBLC, BA, and Bill of Lading Guarantee Exposures
    
    $
    555,26313.
    
    Net Availability (Line 9 minus the total of Lines 10, 11, & 12)
    
    $
    22,357,041
  -s- Jane Colwell
    
    
    
    -s- Neal S. NackmanPrepared by
    
    
    
    Authorized Signature




---



##### 



Exhibit F
 AMENDED AND RESTATED
CONTINUING AGREEMENT FOR ISSUANCE OF STEAMSHIP
GUARANTEES/AIR FREIGHT RELEASES
  nd




---



##### 



G-III LEATHER FASHIONS, INC.By:Name:
    Neal S. NackmanTitle:
    Vice President  FinanceJ. PERCY FOR MARVIN RICHARDS, LTD.By:Name:
    Neal S. NackmanTitle:
    SecretaryCK OUTERWEAR, LLCBy:Name:
    Neal S. NackmanTitle:
    SecretaryA. MARC & CO., INC.By:Name:
    Neal S. NackmanTitle:
    Vice President  Finance and SecretaryANDREW & SUZANNE COMPANY INC.By:Name:
    Neal S. NackmanTitle:
    Vice President  Finance and Secretary




---



##### 



Total Company:Available to Sell
    
    
    
    
    
    
    0I/Ts:  Dock
    
    $
    0L/C Paid
    
    
    0Not Paid
    
    $
    0$
    013% of I/T
    
    
    
    
    
    $
    0Total Company
    
    
    
    
    
    $
    0Non  Licensed Inventory (Eligible):Available to Sell
    
    
    
    
    
    $
    0I/Ts:  Dock
    
    
    
    
    
    
    0L/C Paid
    
    
    
    
    
    
    0Not Paid
    
    
    
    
    
    
    0$
    0Licensed Inventory (Eligible):Available to Sell
    
    
    
    
    
    $
    0I/Ts:  Dock
    
    
    
    
    
    
    0L/C Paid
    
    
    
    
    
    
    0Not Paid
    
    
    
    
    
    
    0$
    0Total Eligible Licensed Inventory
    
    $
    0




---



##### 



NET ACTSEA STYLE DESCRIPTION INV ON HAND
    
    COST LCM COST
    
    
    ACT VALUE
    
    
    LCM VALUE
    
    
    DIFFERENCE
    
    
    OPEN UNITS
    
    
    OPEN $$
    
    
    ATS UNITS
    
    
    ACT ATS $$
    
    
    LCM ATS $$GRAND TOTALRECAP BY DIVISIONG-III/BILL BLASS MZG-III/BLACK RIVETG-III/BILL BLASS WOG-III/JAMSE DEANG-III/JNY MENSG-III/JNY WOOLSG-III/BEAN JOHNG-III WOMENS LEATHEG-III MENS LEATHERG-III/TIMBERLANDG-III/J L COLEBROOKG-III/K C WOMENS OOG-III/COLE
HAAN WOMENG-III/K C MENS OOTEG-III/COLE HAAN MENG-III/LICENSING
DIVG-III/HOT-MARKETSG-III/CLASSICSG-III/BLACK
RIVET MG-III/SIENA
STUDIOG-III/NINE WEST OUTSIENA




---



##### 



Exhibit J
 Form
of Key Items Report




---



##### 



G-III Leather Fashions, Inc.
Key Items Report
January 2008
($000)
 MarvinConsolidated
    
    
    G-III Leather
    
    
    G-III HK
    
    
    Kostroma
    
    
    Richards
    
    
    Retail
    
    
    Global
    
    
    Wee Beez1 Accounts ReceivableBalance per runs
    
    
    0Reserve, doubtful accounts
    
    
    0Reserve, discounts/allowances
    
    
    00
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
 MarvinConsolidated
    
    
    G-III Leather
    
    
    Richards
    
    
    Retail2 Inventory by locationNJ/CT warehouses
    
    
    0Public warehouses
    
    
    0At sub-contractors (NY/NJ)
    
    
    0China
    
    
    0Other locations
    
    
    0Overhead
    
    
    0In-transit
    
    
    00
    
    
    
    0
    
    
    
    0
    
    
    
    0Reserve
    
    
    00
    
    
    
    0
    
    
    
    0
    
    
    
    0
 Marvin
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    ApparelConsolidated
    
    

G-III Leather
    
    

G-III HK
    
    
    Kostroma
    
    
    Richards
    
    

Balihides
    
    
    Retail
    
    

Wee Beez
    
    
    Group
    
    
    Brands3 Accounts PayableAccounts Payable
    
    
    0Accrued Expenses
    
    
    0Total
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0




---



##### 



G-III Leather Fashions, Inc.
Key Items Report
January 2008
($000)
 TOTAL
    
    
    FEB
    
    
    MAR
    
    
    APR
    
    
    MAY
    
    
    JUN
    
    
    JUL
    
    
    AUG-JAN4
    
    
    Unshipped orders 1/31/08AA
    
    Andrew Marc Accessories
    
    
    0AD
    
    AM/Dockers
    
    
    0AL
    
    AM/Levis
    
    
    0AM
    
    Andrew Marc Mens
    
    
    0AW
    
    Andrew Marc Womens
    
    
    0CD
    
    CK Dresses
    
    
    0CM
    
    CK Mens
    
    
    0CO
    
    Coldwater Creek
    
    
    0CS
    
    Calvin Klein Suits
    
    
    0CW
    
    CK Womens
    
    
    0ED
    
    Ellen Tracy Dresses
    
    
    0EJ
    
    Eliza J
    
    
    0EX
    
    Exsto
    
    
    0HD
    
    Beyonce
    
    
    0IC
    
    Industrial Cotton
    
    
    0JH
    
    Jessica Howard
    
    
    0JW
    
    Jones Womens
    
    
    0MM
    
    Marc NY Mens
    
    
    0MR
    
    Marvin Richards
    
    
    0MW
    
    Marc NY Womens
    
    
    0PF
    
    CK Performance
    
    
    0PL
    
    Private Label
    
    
    0SD
    
    Sean John Dresses
    
    
    0SJ
    
    Sean John Mens
    
    
    0SL
    
    Sean John Sportswear
    
    
    0SW
    
    Sean John Womens
    
    
    000
    
    
    Womens Leather
    
    
    001
    
    
    Mens Leather
    
    
    011
    
    
    Guess Mens
    
    
    015
    
    
    Tommy Hilfiger
    
    
    016
    
    
    Izod Mens
    
    
    017
    
    
    Kenneth Cole
    
    
    022
    
    
    Guess Womens
    
    
    026
    
    
    Izod Women
    
    
    033
    
    
    Winlit Women
    
    
    035
    
    
    Cole Haan Women
    
    
    044
    
    
    Kenneth Cole Mens
    
    
    053
    
    
    Cole Haan Men
    
    
    058
    
    
    Licensing
    
    
    062
    
    
    Hot Market
    
    
    066
    
    
    Winlit Mens
    
    
    077
    
    
    La Nouvelle
    
    
    080
    
    
    Black Rivet Mens
    
    
    086
    
    
    Studio
    
    
    088
    
    
    Ellen Tracy
    
    
    09W
    
    
    Nine West
    
    
    099
    
    
    Siena /Other
    
    
    0Total
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    00




---



##### 



G-III Leather Fashions, Inc.
Key Items Report
January 2008
($000)
 TOTAL
    
    
    FEB
    
    
    MAR
    
    
    APR
    
    
    MAY
    
    
    JUN
    
    
    JUL
    
    
    AUG-JANUnshipped orders 1/31/07CD
    
    CK Dresses
    
    
    0CM
    
    CK Mens
    
    
    0CS
    
    Calvin Klein Suits
    
    
    0CW
    
    CK Womens
    
    
    0EX
    
    Exsto
    
    
    0HD
    
    Beyonce
    
    
    0JW
    
    Jones Womens
    
    
    0LM
    
    London Fog Mens
    
    
    0LW
    
    London Fog Womens
    
    
    0MR
    
    Marvin Richards
    
    
    0PL
    
    Private Label
    
    
    0SJ
    
    Sean John
    
    
    0SL
    
    Sean John Sportswear
    
    
    0SW
    
    Sean John Womens
    
    
    000
    
    
    Womens Leather
    
    
    001
    
    
    Mens Leather
    
    
    011
    
    
    Guess Mens
    
    
    015
    
    
    Tommy Hilfiger
    
    
    016
    
    
    Izod Mens
    
    
    017
    
    
    Kenneth Cole
    
    
    022
    
    
    Guess Womens
    
    
    026
    
    
    Izod Women
    
    
    033
    
    
    Winlit Women
    
    
    035
    
    
    Cole Haan Women
    
    
    044
    
    
    Kenneth Cole Mens
    
    
    053
    
    
    Cole Haan Men
    
    
    057
    
    
    Pacific Trails Mens
    
    
    058
    
    
    Licensing
    
    
    062
    
    
    Hot Market
    
    
    066
    
    
    Winlit Mens
    
    
    077
    
    
    La Nouvelle
    
    
    080
    
    
    Black Rivet Mens
    
    
    086
    
    
    Studio
    
    
    088
    
    
    Ellen Tracy
    
    
    09W
    
    
    Nine West
    
    
    090
    
    
    BCBG
    
    
    099
    
    
    Siena /Other
    
    
    0Total
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    00




---



##### 



G-III Leather Fashions, Inc.
Key Items Report
January 2008
($000)
 G-III Leather
    
    
    G-III HK
    
    
    G-III Retail
    
    
    G-III Brands
    
    
    Kostroma
    
    
    Wee Beez
    
    
    Balihides
    
    
    Holding
    
    
    Global
    
    
    GIII-Apparel
    
    
    Richards
    
    
    Consol
    
    
    Total5 Intercompany balancesG-III Leather
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    0G-III HK
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    0G-III Retail
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    0G-III Brands
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    0Kostroma
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    0Wee Beez
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    0P.T. Balihides
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    0Indawa Holding
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    0Global International
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    0G-III Apparel
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    0Marvin Richards
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    0Consolidation
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    00
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    00
 Jan-08
    
    
    
    
    
    
    
    
    
    
    Jan-07
    
    
    
    
    
    
    
    
    
    
    Jan-08Actual
    
    
    
    
    
    
    
    
    
    
    Prior Year
    
    
    
    
    
    
    
    
    
    
    PlanSales
    
    
    GM
    
    
    GM%
    
    
    Sales
    
    
    GM
    
    
    GM%
    
    
    Sales
    
    
    GM
    
    
    GM%6 Divisional Sales and Gross MarginWomensStudioMensJL Colebrook
    
    
    
    
    SEE ATTACHEDCole Haan MensSports LicensingKenneth ColeSean JohnJones WoolsNine WestJones NYCole Haan WomensRetailOtherPT BalihidesOther CGSTotal
    
    
    0
    
    
    
    0
    
    
    
    
    
    
    
    0
    
    
    
    0
    
    
    
    
    
    
    
    0
    
    
    
    0Less: TLC/FLC AdjustmentTotal, Net
    
    
    0
    
    
    
    0
    
    
    
    
    
    
    
    0
    
    
    
    0
    
    
    
    
    
    
    
    0
    
    
    
    0
 Capital expenditures:
 Lease expenditures:
 Capital leases, principal
Operating leases, annualized, net of terminations




---



##### 



Exhibit 7.5
 1
  
 
  nd
  CIT Licensee Loan Documents inter alia, [define licensed Trademarks and other IP] [describe products] Products [name of agreement] Agreement
  
 1
    
    This is a form that may need to be modified to conform to a specific license
agreement




---



##### 








---



##### 



Very truly yours, [NAME OF LICENSOR]By:Name:Title: Consented and Agreed to by:
[G-III Leather Fashions, Inc.]
[J. Percy for Marvin Richards, Ltd.]
[CK Outerwear, LLC]
[A. Marc & Co., Inc.]
[Andrew & Suzanne Company Inc.]By:Name:Title:




---



##### 



Exhibit 7.6
 [FORM OF] LANDLORDS WAIVER AND CONSENT
 NAME OF RECORD OWNER OF REAL PROPERTY:
 ADDRESS OF REAL PROPERTY:
 WHEREAS,
 WHEREAS,
 WHEREAS,
 NOW THEREFORE,
 Exhibit A




---



##### 



nd
  Witnessed By:

    
    
    LANDLORD:By:
    

    
    By:Name:
    
    
    
    

    Name:Title:
    
    
    
    

    Title:




---



##### 



STATE OF ________________
    
    
    ):
    
    
    ss.:COUNTY OF _______________
    
    
    )
  Notary Public




---



##### 



EXHIBIT A




---



##### 



Schedule 1.1 (a)
 IDB Leasing Inc. 511
    
    IDB Leasing Inc. 511Fifth Avenue New
    
    Fifth Avenue NewLender
    
    York, NY 10017
    
    York, NY 10017Master lease schedule
    
    #003
    
    #004Amount Outstanding
    
    $128,550.33
    
    $497,461.86End of Term
    
    August 31, 2007
    
    September 28, 2008Description of
Equipment
    
    Computer hardware
    
    Leasehold improvements




---



##### 



Schedule 1.1(b) Description of Real Estate
 G-III Leather Fashions, Inc.
 th
 rd
  th th
  J. Percy for Marvin Richards, Ltd.
  th
 th
 CK Outerwear. LLC
  -2-




---



##### 



Schedule 1.1(c) Existing Bankers Acceptances
  -3-




---



##### 



Schedule 1.1(d) Commercial Letters of Credit
 Letter of Credit
    
    
    
    Issue
    
    
    
    AvailableNumber
    
    Beneficiary
    
    Date
    
    Expiry Date
    
    Amount64088194
    
    
    ANHUI TECHNOLOGY IMP.
AND EXP.
    
    Jun 17, 2005
    
    Sep 7, 2005
    
    $
    346,532.0064088235
    
    
    APOLLO INTERNATIONAL LTD.
    
    Jun 29, 2005
    
    Jul 30, 2005
    
    
    48,166.5064088236
    
    
    APOLLO INTERNATIONAL LTD.
    
    Jun 29, 2005
    
    Aug 15, 2005
    
    
    55,206.7064088092
    
    
    APOLLO INTERNATIONAL LTD.
    
    May 16, 2005
    
    Jun 30, 2005
    
    
    45,850.0064088098
    
    
    APOLLO INTERNATIONAL LTD.
    
    May 17, 2005
    
    JullO, 2005
    
    
    64,499.2064088163
    
    
    ASIA UNITED GARMENT 
MANUFACTURING
    
    Jun 6, 2005
    
    Aug 15, 2005
    
    
    324,283.2064088164
    
    
    ASIA UNITED GARMENT 
MANUFACTURING
    
    Jun 6, 2005
    
    Jul 15, 2005
    
    
    66,300.0064088169
    
    
    CARNIVAL INDUSTRIAL 
CORPORATION
    
    Jun 6, 2005
    
    Aug 15, 2005
    
    
    337,510.3264088233
    
    
    CHATHAM INDUSTRIES LTD.
    
    Jun 27, 2005
    
    Aug 12, 2005
    
    
    216,192.6564088126
    
    
    CHATHAM INDUSTRIES LTD.
    
    May 24, 2005
    
    Jul 30, 2005
    
    
    239,750.2064088185
    
    
    CHATHAM INDUSTRIES LTD.
    
    Jun 16, 2005
    
    Jul 13, 2005
    
    
    172,632.3564088090
    
    
    CHINA TUHSU SUNRY 
DEVELOPMENT
    
    May 12, 2005
    
    Jun 30, 2005
    
    
    111,800.0064088219
    
    
    CLTPORT TRADING LTD.
    
    Jun 27, 2005
    
    rAuR 15, 2G05
    
    
    112,238.0064088240
    
    
    CLIPORT TRADING LTD.
    
    Jun 29, 2005
    
    Aug 15, 2005
    
    
    51,480.0064088162
    
    
    CLTPORT TRADFNG LTD.
    
    Jun 6, 2005
    
    Jul 25, 2005
    
    
    23,700.0064088145
    
    
    COMUS INTERNATIONA!.
CO., LTD.
    
    Jun 2, 2005
    
    Jul 15, 2005
    
    
    40,553.0064088142
    
    
    CONCERIA SAN GIULIANO
    
    Jun 1, 2005
    
    Jul 15, 2005
    
    
    18,392.8564088214
    
    
    CSJ CORPORATION
    
    Jun 22, 2005
    
    Jul 17, 2005
    
    
    27,903.6064088215
    
    
    CS J CORPORATION
    
    Jun 22, 2005
    
    Jul 15, 2005
    
    
    18,900.0064088246
    
    
    CSJ CORPORATION
    
    Jun 30, 2005
    
    Aug 30, 2005
    
    
    139,949.1064088227
    
    
    DAE HO TEXTILE CO, LTD.
    
    Jun 27, 2005
    
    Jul 20, 2005
    
    
    30,138.0064088248
    
    
    DAE HO TEXTILE CO, LTD.
    
    Jul 5, 2005
    
    Aug 15, 2005
    
    
    310,340.0064088141
    
    
    DALIAN HATLONG GARMENT
CO, LTD.
    
    Jun 1, 2005
    
    Jul 25, 2005
    
    
    156,352.4064088140
    
    
    DERKON DERIVE 
KONFEKSIYON SANAYI
    
    Jun 1, 2005
    
    Jul 30, 2005
    
    
    25,000.0064088189
    
    
    DK GARMENT KOREA
    
    Jun 16, 2005
    
    Aug 2, 2005
    
    
    120,638.6664088200
    
    
    DK GARMENT KOREA
    
    Jun 17, 2005
    
    Aug 2, 2005
    
    $
    254,459.9164088179
    
    
    EXCELLENT JADE LIMITED
    
    Jun 9, 2005
    
    Jul 11, 2005
    
    
    46,330.25
 -4-




---



##### 



Letter of Credit
    
    
    
    Issue
    
    
    
    AvailableNumber
    
    Beneficiary
    
    Date
    
    Expiry Date
    
    Amount64088097
    
    
    KENTEX (ORIENT) ENTERPRISES
LTD.
    
    May 17, 2005
    
    Jul 15, 2005
    
    
    86,655.0064088203
    
    
    KENTEX (ORIENT) ENTERPRISES
LTD.
    
    Jun 17, 2005
    
    Jul 15, 2005
    
    
    361,273.8064088132
    
    
    MARSLAND INDUSTRIES LTD.
    
    May 26, 2005
    
    Aug 15, 2005
    
    
    329,486.4064088204
    
    
    MARSLAND INDUSTRIES LTD.
    
    Jun 21, 2005
    
    Aug 5, 2005
    
    
    45,700.0064088244
    
    
    MINGO INTERNATIONAL LIMITED
    
    Jun 30, 2005
    
    Aug 15, 2005
    
    
    826,897.5864088137
    
    
    MINGO INTERNATIONAL LIMITED
    
    Jun 1, 2005
    
    Jul 15, 2005
    
    
    38,987.6064088138
    
    
    MINGO INTERNATIONAL LIMITED
    
    Jun 1, 2005
    
    Jul 15, 2005
    
    
    102,445.2064088174
    
    
    NANJING HOLYTON IMPORT AND 
EXPORT
    
    Jun 8, 2005
    
    Jul 30, 2005
    
    
    40,860.0064088175
    
    
    NANJING HOLYTON IMPORT AND 
EXPORT
    
    Jun 8, 2005
    
    Aug 10, 2005
    
    
    71,559.2064088195
    
    
    NANJING NICE GATN(HG)
GARMENT CO.
    
    Jun 17, 2005
    
    Jul 15, 2005
    
    
    15,372.9064088250
    
    
    NANJING NICE GAIN(HG)
GARMENTS CO.
    
    Jul 7, 2005
    
    Aug 15, 2005
    
    
    59,017.4064088160
    
    
    NANJING NICE GAIN(HG)
GARMENTS CO.
    
    Jun 6, 2005
    
    Aug 29, 2005
    
    
    67,001.0064088161
    
    
    NANJING NICE GAIN(HG)
GARMENTS CO.
    
    Jun 6, 2005
    
    Aug 30, 2005
    
    
    392,290.2064088182
    
    
    NANJING NICE GAIN(HG)
GARMENTS CO.
    
    Jun 13, 2005
    
    Sep 15, 2005
    
    
    501,364.5064088191
    
    
    OH KWANG TRADING CO.
    
    Jun 16, 2005
    
    Aug 15, 2005
    
    
    184,076.0064088232
    
    
    OUTFIT WORKSHOP LTD.
    
    Jun 27, 2005
    
    Jul 30, 2005
    
    
    532^566^2764088065
    
    
    OUTFIT WORKSHOP LTD.
    
    Apr 22, 2005
    
    Jul 15, 2005
    
    
    43,444.9664088106
    
    
    OUTFIT WORKSHOP LTD.
    
    May 20, 2005
    
    Jul 15, 2005
    
    
    80,592.0064088109
    
    
    OUTFIT WORKSHOP LTD.
    
    May 20, 2005
    
    Aug 5, 2005
    
    
    1,683,554.4064088110
    
    
    OUTFIT WORKSHOP LTD.
    
    May 20, 2005
    
    Jul 15, 2005
    
    
    704,239.2064088133
    
    
    OUTFIT WORKSHOP LTD.
    
    May 26, 2005
    
    Aug 10, 2005
    
    
    84,503.2064088134
    
    
    OUTFIT WORKSHOP LTD.
    
    May 26, 2005
    
    Aug 10, 2005
    
    
    148,060.2064088149
    
    
    OUTFIT WORKSHOP LTD.
    
    Jun 2, 2005
    
    Jul 15, 2005
    
    
    78,263.2564088150
    
    
    OUTFIT WORKSHOP LTD.
    
    Jun 2, 2005
    
    Jul 25, 2005
    
    
    789,212.0864088237
    
    
    P AND G ENTERPRISES PVT. LTD.
    
    Jun 29, 2005
    
    Aug 15, 2005
    
    
    13,920.0064088231
    
    
    POONG IN TRADING CO., LTD.
    
    Jun 27, 2005
    
    Aug 15, 2005
    
    
    157,691.4064088096
    
    
    POONG FN TRADING CO., LTD.
    
    May 16, 2005
    
    Jul 15, 2005
    
    $
    561,116.2064088156
    
    
    QTNGDAO DEBAO LEATHER 
PRODUCTION
    
    Jun 6, 2005
    
    Jul 15, 2005
    
    
    132,540.00
 -5-




---



##### 



Letter of Credit
    
    
    
    Issue
    
    
    
    AvailableNumber
    
    Beneficiary
    
    Date
    
    Expiry Date
    
    Amount64088068
    
    
    SNOW COAST INC.
    
    May 3, 2005
    
    Jul 5, 2005
    
    
    104.236.8064088103
    
    
    SNOW COAST ENC.
    
    May 18, 2005
    
    Jul 15, 2005
    
    
    131,748.0064088155
    
    
    SNOW COAST INC.
    
    Jun 6, 2005
    
    Aug 15, 2005
    
    
    450,103.5164088157
    
    
    SNOW COAST INC.
    
    Jun 6, 2005
    
    Aug 20, 2005
    
    
    37,598.4064088158
    
    
    SNOW COAST INC.
    
    Jun 6, 2005
    
    Aug 15, 2005
    
    
    18,000.0064088159
    
    
    SNOW COAST INC.
    
    Jim 6, 2005
    
    Aug 30, 2005
    
    
    279,040.8064088168
    
    
    SOOHYUN TRADING CO.,
LTD.
    
    Jun 6, 2005
    
    Jul 15, 2005
    
    
    28,220.4064088104
    
    
    STIG JIANGSU
MACHINERY IMP. AND
    
    May 18, 2005
    
    Jul 25, 2005
    
    
    288,229.3564088243
    
    
    SUMEC TEXTILE AND 
LIGHT INDUSTRY
    
    Jun 30, 2005
    
    Aug 5, 2005
    
    
    26,611.2064088052
    
    
    SUMEC TEXTILE AND 
LIGHT INDUSTRY
    
    Apr 21, 2005
    
    Jul 15, 2005
    
    
    214,920.4064088053
    
    
    SUMEC TEXTILE AND 
LIGHT INDUSTRY
    
    Apr 21, 2005
    
    Jul 15, 2005
    
    
    14,142.2464088072
    
    
    SUNMYONG APPAREL INC.
    
    May 3, 2005
    
    Jun 22, 2005
    
    
    217,192.0064088186
    
    
    SUNMYONG APPAREL INC.
    
    Jun 16, 2005
    
    Jul 15, 2005
    
    
    59,245.2064088205
    
    
    SUNMYONG APPAREL INC.
    
    Jun 21, 2005
    
    Jul 30, 2005
    
    
    523,922.0064088216
    
    
    SYNPLUS, INC.
    
    Jun 27, 2005
    
    Jul 20, 2005
    
    
    70,300.0064088208
    
    
    TIANJIN GMT IMP AND 
EXP INC
    
    Jun 22, 2005
    
    Aug 30, 2005
    
    
    46,173.8064088223
    
    
    TOSCANO
INTERNATIONAL
TRADING CO.
    
    Jun 27, 2005
    
    Aug 10, 2005
    
    
    46,995.6064088224
    
    
    TOSCANO
INTERNATIONAL
TRADING CO.
    
    Jun 27, 2005
    
    Jul 30, 2005
    
    
    145,566.0064088112
    
    
    TOSCANO
INTERNATIONAL
TRADING INC.
    
    May 23, 2005
    
    Jul 10, 2005
    
    
    239,095.8064088129
    
    
    TOSCANO
INTERNATIONAL
TRADING CO.
    
    May 26, 2005
    
    Jul 12, 2005
    
    
    42,585.0064088165
    
    
    TOSCANO
INTERNATIONAL
TRADING CO.
    
    Jun 6, 2005
    
    Jul 15, 2005
    
    
    25,344.0064088180
    
    
    TOSCANO
INTERNATIONAL
TRADING CO.
    
    Jun 9, 2005
    
    Aug 25, 2005
    
    
    25,658.0064088234
    
    
    TRIAM INTERNATIONAL 
LIMITED
    
    Jun 27, 2005
    
    Aug 3, 2005
    
    
    241,569.6764088245
    
    
    TRIAM INTERNATIONAL 
LIMITED
    
    Jun 30, 2005
    
    Aug 3, 2005
    
    $
    105,700.0064088136
    
    
    TRIAM INTERNATIONAL 
LIMITED
    
    Jun 1, 2005
    
    Jun 30, 2005
    
    
    108.00
 -6-




---



##### 



Letter of
    
    
    
    Issue
    
    Expiry
    
    AvailableCredit Number
    
    Beneficiary
    
    Date
    
    Date
    
    Amount64088119
    
    
    ZHEJIANG WARMTHIA
LEATHER AND FUR
    
    May 23, 2005
    
    Jun 30, 2005
    
    
    150,774.5064088218
    
    
    ZHEJIANG WARMTHIA
LEATHER AND FUR
    
    Jun 27, 2005
    
    Aug 16, 2005
    
    
    156,832.60
  Letter of
    
    
    
    Issue
    
    Expiry
    
    AvailableCredit Number
    
    Beneficiary
    
    Date
    
    Date
    
    Amount64146849
    
    
    WOORIBANK
    
    
    04/01/2005
    
    
    
    11/30/2005
    
    
    $
    1,500,000.0000113176
    
    
    HARTZ MOUNTAIN ASSOCIATES
    
    
    03/31/2007
    
    
    
    02/28/2006
    
    
    
    151,622.50
  Instrument No.
    
    Outstanding Amount00000068006805
    
    $
    940.0000000068007004
    
    
    10,947.2000000068007052
    
    
    14,091.0000000068007067
    
    
    3,015.0000000068007069
    
    
    3,660.0000000068007137
    
    
    14,141.4000000068007169
    
    
    1,656.00
  -7-




---



##### 



Schedule 1.1(e) Excluded Subsidiaries
    -8-




---



##### 



Schedule 7.1(b) Companies and Collateral Information
 G-III Leather Fashions, Inc.
       
 
 
 
 
 J. Percy for Marvin Richards, Ltd.
       
 -9-




---



##### 



Environmental Matters
  -10-




---



##### 



Taxes
  -11-




---



##### 



ERISA
  -12-




---



##### 



Labor Matters
  -13-




---



##### 



Schedule 7.5 Licensor Consent Letters
                 -14-




---



##### 



-15-




---



##### 



Schedule 7.6 Landlord Waivers
 Landlord Waivers
     Warehouse Waivers
                Newark,
 Inc.
 th
 -16-