|   | x      | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|--------|--------------------------------------------------------------------------------------|
|   |   |                                                                                 |
|   |   | FOR THE FISCAL YEAR ENDED DECEMBER 31, 2010                                          |

|   |  ̈ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|--------|------------------------------------------------------------------------------------------|

|   |   | FOR THE TRANSITION PERIOD FROM _______ TO _______ |
|--------|--------|---------------------------------------------------|

| Delaware                                                      |   | 11-2481903                                 |
|---------------------------------------------------------------|--------|--------------------------------------------|
| (State or other jurisdictionof incorporation or organization) |   | (I.R.S. Employer Identification No.)  |

| Title of each class                                               |   | Name of each exchange on which registered         |
|-------------------------------------------------------------------|--------|---------------------------------------------------|
| Common Stock, $.001 Par ValuePreferred Share Purchase Rights |   | The NASDAQ Stock Market LLC(NASDAQ Global Market) |

| Large accelerated filer     x                                                 | Accelerated filer      ̈         |
|--------------------------------------------------------------------------------------------------------|---------------------------------------------------------------|
|                                                                                                   |                                                          |
| Non-accelerated filer      ̈(Do not check if a smaller reporting company) | Smaller reporting company      ̈ |

----

----

|              |   |                                                                                           |   | Page    |
|-------------------|--------|------------------------------------------------------------------------------------------------|--------|---------|
|              |   |                                                                                           |   |    |
| PART III          |   |                                                                                           |   |    |
|              |   |                                                                                           |   |    |
| Item 10.          |   | Directors, Executive Officers and Corporate Governance                                         |   | 4  |
| Item 11.          |   | Executive Compensation                                                                         |   | 7       |
| Item 12.          |   | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters |   | 26      |
| Item 13.          |   | Certain Relationships and Related Transactions, and Director Independence                      |   | 29      |
| Item 14.          |   | Principal Accounting Fees and Services                                                         |   | 30      |
|              |   |                                                                                           |   |    |
| PART IV           |   |                                                                                           |   |    |
|              |   |                                                                                           |   |    |
| Item 15.          |   | Exhibits, Financial Statement Schedules                                                        |   | 30      |
|              |   |                                                                                           |   |    |
| Signatures        |   | 31                                                                                             |
| Index to Exhibits |   | 31                                                                                             |

----

| Name                   |   | Age    |   | Position(s)                                                  |
|------------------------|--------|--------|--------|--------------------------------------------------------------|
| Neil Cole              |   | 54     |   | Chairman of the Board, President and Chief Executive Officer |
|                   |   |   |   |                                                         |
| Warren Clamen          |   | 46     |   | Executive Vice President and Chief Financial Officer         |
|                   |   |   |   |                                                         |
| Andrew Tarshis         |   | 45     |   | Executive Vice President and General Counsel                 |
|                   |   |   |   |                                                         |
| Yehuda Shmidman        |   | 29     |   | Chief Operating Officer                                      |
|                   |   |   |   |                                                         |
| David Blumberg         |   | 52     |   | Executive Vice President - Head of Strategic Development     |
|                   |   |   |   |                                                         |
| Barry Emanuel1,3       |   | 69     |   | Director                                                     |
|                   |   |   |   |                                                         |
| Drew Cohen1, 2         |   | 42     |   | Director                                                     |
|                   |   |   |   |                                                         |
| F. Peter Cuneo2, 3     |   | 67     |   | Director                                                     |
|                   |   |   |   |                                                         |
| Mark Friedman1, 3 |   | 47     |   | Director                                                     |
|                   |   |   |   |                                                         |
| James A. Marcum 1, 2   |   | 51     |   | Director                                                     |
|                   |   |   |   |                                                         |
| Laurence N. Charney    |   | 64     |   | Director                                                     |

----

| (1) | Member of governance/nominating committee. |
|-----|--------------------------------------------|

| (2) | Member of audit committee. |
|-----|----------------------------|

| (3) | Member of compensation committee. |
|-----|-----------------------------------|

----

----

|   | • | appointing, replacing, overseeing and compensating the work of a firm to serve as |
|--------|---------|-----------------------------------------------------------------------------------|

|   |   | the registered independent public accounting firm to audit our financial statements; |
|--------|--------|--------------------------------------------------------------------------------------|

|   | • | discussing the scope and results of the audit with the independent registered public accounting |
|--------|---------|-------------------------------------------------------------------------------------------------|

|   |   | firm and reviewing with management and the independent registered public accounting firm our |
|--------|--------|----------------------------------------------------------------------------------------------|

|   |   | interim and year-end operating results; |
|--------|--------|-----------------------------------------|

|   | • | considering the adequacy of our internal accounting controls and audit procedures; and |
|--------|---------|----------------------------------------------------------------------------------------|

----

|   | • | approving (or, as permitted, pre-approving) all audit and non-audit services to be |
|--------|---------|------------------------------------------------------------------------------------|

|   |   | performed by the independent registered public accounting firm. |
|--------|--------|-----------------------------------------------------------------|

----

| · | payments of life insurance premiums; and |
|--------|------------------------------------------|

| · | car allowances. |
|--------|-----------------|

| · | base salary; and |
|--------|------------------|

| · | incentive compensation, either in the form of equity-based awards under our various equity incentive and stock option plans; cash payments tied to the satisfaction of specified performance criteria set forth in the executive officers employment agreement and from time to time certain of our named executive officers also have received discretionary cash bonuses not tied to specific pre established  performance criteria. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | to attract, retain and motivate highly qualified executives through both short-term and long-term incentives that reward company and individual performance; |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | to emphasize equity-based compensation to more closely align the interests of executives with those of our stockholders; |
|--------|--------------------------------------------------------------------------------------------------------------------------|

| · | to support and encourage our financial growth and development; |
|--------|----------------------------------------------------------------|

| · | to motivate our named executive officers to continually provide excellent performance throughout the year; |
|--------|------------------------------------------------------------------------------------------------------------|

| · | to ensure continuity of services of named executive officers so that they will contribute to, and be a part of, our long-term success; and |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------|

| · | to manage fixed compensation costs through the use of performance and equity-based compensation. |
|--------|--------------------------------------------------------------------------------------------------|

----

| Named ExecutiveOfficer |   | 2009 BaseSalary |      |   | 2010 BaseSalary |   |      | Change inBase |   |   | Percentage of2009 Base Salary |   |   |
|-----------------------------|--------|----------------------|-----------|--------|----------------------|--------|-----------|--------------------|--------|--------|----------------------------------------------|--------|--------|
| Neil Cole                   |   | $                    | 1,000,000 |   |                 | $      | 1,000,000 |               |   | $      | -                                            |   |   |   | 0 | % |
| Warren Clamen               |   |                 | 400,000   |   |                 |   | 400,000   |               |   |   | -                                            |   |   |   | 0 | % |
| Andrew Tarshis              |   |                 | 400,000   |   |                 |   | 400,000   |               |   |   | -                                            |   |   |   | 0 | % |
| Yehuda Shmidman             |   |                 | 350,000   |   |                 |   | 375,000   |               |   |   | 25,000                                       |   |   |   | 7 | % |
| David Blumberg              |   |                 | 400,000   |   |                 |   | 400,000   |               |   |   | -                                            |   |   |   | 0 | % |

----

----

|   | · | initial grants when a named executive officer is hired; |
|--------|--------|---------------------------------------------------------|

|   | · | annual performance based grants; and |
|--------|--------|--------------------------------------|

|   | · | retention grants, which are typically made in connection with new employment agreements or renewals. |
|--------|--------|------------------------------------------------------------------------------------------------------|

----

----

| Perquisite, Other Benefit orOther Item of Compensation (1) |   | AggregateAmount of ThisPerquisite Paid toAll NamedExecutive Officersin 2010 |    | Additional Explanation for Offering Certain Perquisites |
|-----------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------|---------|----------------------------------------------------------------------------------|
| Car allowances                                                                           |   | $                                                                                                              | 105,821 |                                                                             | Serves to defray the cost of owning and operating an automobile often used for business purposes; prevents us from having to own and maintain a fleet of automobiles and is a taxable benefit for the named executive officer. |
| Life Insurance Premiums                                                             |   | $                                                                                                              | 21,420  |                                                                             | Reduces risk to the beneficiaries of executives in the event of the death of the executive. |

----

| (1) | Perquisites are generally granted as part of our executive recruitment and retention efforts. |
|-----|-----------------------------------------------------------------------------------------------|

----

|                                                          |   |     |   | Salary |      |   | Bonus  |   |      | StockAwards |   |   | OptionAwards |   |   | Non-EquityIncentive PlanCompensation |    |   | Change inPension Valueand Non-qualifiedDeferredCompensationEarnings |   |      | All OtherCompensation |   |   | Total  |   |
|--------------------------------------------------------------------|--------|--------------------|--------|--------|-----------|--------|--------|--------|-----------|-------------|--------|--------|--------------|--------|--------|-------------------------------------------|---------|--------|------------------------------------------------------------------------------------|--------|-----------|----------------------------|--------|--------|--------|--------|
| Name and                                                      |   |     |   | ($)    |      |   | ($)    |   |      | ($)         |   |   | ($)          |   |   | ($)                                       |    |   | ($)                                                                                |   |      | ($)                        |   |   | ($)    |   |
| Principal Position                                            |   |   Year   |   | (a)    |      |   | (b)    |   |      | (c)         |   |   | (d)          |   |   | (e)                                       |    |   | (f)                                                                                |   |      | (g)                        |   |   | (h)    |   |
| Neil Cole                                                          |   | 2010               |   | $      | 1,000,000 |   |   | $      | 2,300,000 |        |   | $      | -            |   |   | $                                         | -       |   |                                                                               | $      | 1,725,000 |                       |   | $      | -      |   |   | $ | 55,241 | (1) |   | $ | 5,080,241 |   |
| President and Chief Executive Officer                              |   | 2009               |   | $      | 1,000,000 |   |   | $      | -         |        |   | $      | 8,309,609    |   |   | $                                         | -       |   |                                                                               | $      | 1,500,000 |                       |   | $      | -      |   |   | $ | 42,791 | (1) |   | $ | 10,852,400 |   |
|                                                               |   |               |   |   |      |   |   |   |      |        |   |   |         |   |   |                                      |    |   |                                                                               |   |      |                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                               |   | 2008               |   | $      | 1,000,000 |   |   | $      | 500,000   |        |   | $      | 30,400,008   |   |   | $                                         | -       |   |                                                                               | $      | 500,000   |                       |   | $      | -      |   |   | $ | 53,264 | (1) |   | $ | 32,453,272 |   |
|                                                               |   |          |   |   |      |   |   |   |      |        |   |   |         |   |   |                                      |    |   |                                                                               |   |      |                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Warren Clamen(3)                                                   |   | 2010               |   | $      | 400,000   |   |   | $      | 100,000   |        |   | $      | 52,301       |   |   | $                                         | -       |   |                                                                               | $      | -         |                       |   | $      | -      |   |   | $ | 18,000 | (2) |   | $ | 570,301 |   |
| Executive Vice President and Chief Financial Officer               |   | 2009               |   | $      | 356,806   |   |   | $      | 100,000   |        |   | $      | 1,235,494    |   |   | $                                         | -       |   |                                                                               | $      | -         |                       |   | $      | -      |   |   | $ | 18,000 | (2) |   | $ | 1,710,369 |   |
|                                                               |   |               |   |   |      |   |   |   |      |        |   |   |         |   |   |                                      |    |   |                                                                               |   |      |                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                               |   | 2008               |   | $      | 306,250   |   |   | $      | 50,000    |        |   | $      | 80,501       |   |   | $                                         | -       |   |                                                                               | $      | -         |                       |   | $      | -      |   |   | $ | 18,000 | (2) |   | $ | 454,751 |   |
|                                                               |   |          |   |   |      |   |   |   |      |        |   |   |         |   |   |                                      |    |   |                                                                               |   |      |                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Andrew Tarshis(3)                                                  |   | 2010               |   | $      | 400,000   |   |   | $      | 100,000   |        |   | $      | 52,301       |   |   | $                                         | -       |   |                                                                               | $      | -         |                       |   | $      | -      |   |   | $ | 18,000 | (2) |   | $ | 570,301 |   |
| Executive Vice President and General Counsel                       |   | 2009               |   | $      | 356,806   |   |   | $      | 100,000   |        |   | $      | 1,235,494    |   |   | $                                         | -       |   |                                                                               | $      | -         |                       |   | $      | -      |   |   | $ | 18,000 | (2) |   | $ | 1,710,369 |   |
|                                                               |   |               |   |   |      |   |   |   |      |        |   |   |         |   |   |                                      |    |   |                                                                               |   |      |                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                               |   | 2008               |   | $      | 306,250   |   |   | $      | 50,000    |        |   | $      | 80,501       |   |   | $                                         | -       |   |                                                                               | $      | -         |                       |   | $      | -      |   |   | $ | 18,000 | (2) |   | $ | 454,751 |   |
|                                                               |   |          |   |   |      |   |   |   |      |        |   |   |         |   |   |                                      |    |   |                                                                               |   |      |                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Yehuda Shmidman(4)                                                 |   | 2010               |   | $      | 352,936   |   |   | $      | -         |        |   | $      | 352,308      |   |   | $                                         | -       |   |                                                                               | $      | -         |                       |   | $      | -      |   |   | $ | 18,000 | (2) |   | $ | 723,244 |   |
| Chief Operating Officer                                            |   |               |   |   |      |   |   |   |      |        |   |   |         |   |   |                                      |    |   |                                                                               |   |      |                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                               |   | 2009               |   | $      | 262,121   |   |   | $      | 216,667   |        |   | $      | 956,219      |   |   | $                                         | -       |   |                                                                               | $      | -         |                       |   | $      | -      |   |   | $ | 18,000 | (2) |   | $ | 1,453,007 |   |
|                                                               |   |               |   |   |      |   |   |   |      |        |   |   |         |   |   |                                      |    |   |                                                                               |   |      |                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                               |   | 2008               |   | $      | -         |   |   | $      | -         |        |   | $      | -            |   |   | $                                         | -       |   |                                                                               | $      | -         |                       |   | $      | -      |   |   | $ | - |   |   | $ | - |   |
|                                                               |   |               |   |   |      |   |   |   |      |        |   |   |         |   |   |                                      |    |   |                                                                               |   |      |                       |   |   |   |   |   |   |   |   |   |   |   |   |
| David Blumberg(5)                                                  |   | 2010               |   | $      | 400,000   |   |   | $      | -         |        |   | $      | 345,900      |   |   | $                                         | 109,530 |   |                                                                               | $      | 500,000   |                       |   | $      | -      |   |   | $ | 18,000 | (2) |   | $ | 1,373,430 |   |
| Executive Vice President,  Head of Strategic Development |   | 2009               |   | $      | 400,000   |   |   | $      | -         |        |   | $      | 453,915      |   |   | $                                         | 220,465 |   |                                                                               | $      | 500,000   |                       |   | $      | -      |   |   | $ | 18,000 | (2) |   | $ | 1,592,380 |   |
|                                                               |   |               |   |   |      |   |   |   |      |        |   |   |         |   |   |                                      |    |   |                                                                               |   |      |                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                               |   | 2008               |   | $      | -         |   |   | $      | -         |        |   | $      | -            |   |   | $                                         | -       |   |                                                                               | $      | -         |                       |   | $      | -      |   |   | $ | - |   |   | $ | - |   |

----

----

----

|            |   |      |   | Estimated Future Payouts UnderNon-Equity Incentive Plan Awards |   | Estimated Future Payouts UnderEquity Incentive Plan Awards |   |       |   |         |   |      |   |       |   |                                                                        |   |
|-----------------|--------|-----------|--------|----------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------|--------|------------|--------|--------------|--------|-----------|--------|------------|--------|-----------------------------------------------------------------------------|--------|
| Name            |   | GrantDate |   | Threshold($)                                                                                 |   | Target($)                                                                                |   | Maximum($) |   | Threshold(#) |   | Target(#) |   | Maximum(#) |   | All OtherStockAwards:Numberof Sharesof Stockor Units(#) |   | All OtherOptionAwards:Number ofSecuritiesUnderlyingOptions (#) |   | Exercise orBase Priceof OptionAwards($/Sh)($) |   | ClosingPrice ofCommonStockUnits onDate ofGrant($) |   | GrantDateFairValue ofStock andOptionAwards |   |
| Neil Cole  |   | -         |   |                                                                                         | -      |                                                                                     |   | -          |   |         | -      |      |   | -          |   |                                                                        | -      |   |   | - |   |   | - |   |   | - |   |   | - |   |   | - |   | $ | - |   |
|       |   |      |   |                                                                                         |   |                                                                                     |   |       |   |         |   |      |   |       |   |                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Warren Clamen   |   | 4/8/10    |   |                                                                                         | -      |                                                                                     |   | -          |   |         | -      |      |   | -          |   |                                                                        | -      |   |   | - |   |   | 3,145 |   |   | - |   |   | - |   |   | 16.63 |   | $ | 52,301 |   |
|            |   |      |   |                                                                                         |   |                                                                                     |   |       |   |         |   |      |   |       |   |                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Andrew Tarshis  |   | 4/8/10    |   |                                                                                         | -      |                                                                                     |   | -          |   |         | -      |      |   | -          |   |                                                                        | -      |   |   | - |   |   | 3,145 |   |   | - |   |   | - |   |   | 16.63 |   | $ | 52,301 |   |
|            |   |      |   |                                                                                         |   |                                                                                     |   |       |   |         |   |      |   |       |   |                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Yehuda Shmidman |   | 4/8/10    |   |                                                                                         | -      |                                                                                     |   | -          |   |         | -      |      |   | -          |   |                                                                        | -      |   |   | - |   |   | 3,145 |   |   | - |   |   | - |   |   | 16.63 |   | $ | 52,301 |   |
|            |   | 8/3/10    |   |                                                                                         | -      |                                                                                     |   | -          |   |         | -      |      |   | -          |   |                                                                        | -      |   |   | - |   |   | 17,794 |   |   | - |   |   | - |   |   | 16.86 |   | $ | 300,007 |   |
|            |   |      |   |                                                                                         |   |                                                                                     |   |       |   |         |   |      |   |       |   |                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| David Blumberg  |   | 6/3/10    |   |                                                                                         | -      |                                                                                     |   | -          |   |         | -      |      |   | -          |   |                                                                        | -      |   |   | - |   |   |   |   |   | 15,000 |   |   | 16.33 |   |   | - |   | $ | 109,530 |   |
|            |   | 12/31/10  |   |                                                                                         | -      |                                                                                     |   | -          |   |         | -      |      |   | -          |   |                                                                        | -      |   |   | - |   |   | 17,913 |   |   | - |   |   |   |   |   | 19.31 |   | $ | 345,900 |   |

----

| Annual Level of Targeted EBITDA Achieved |   | % of Base Salary |   |
|-------------------------------------------------------------------|--------|---------------------------------|--------|
| less than 80%                                                     |   |                            | 0      | % |
| 80% (threshold)                                                   |   |                            | 50     | % |
| 90%                                                               |   |                            | 75     | % |
| 100% (target)                                                     |   |                            | 100    | % |
| 105%                                                              |   |                            | 110    | % |
| 110%                                                              |   |                            | 122.5  | % |
| 115%                                                              |   |                            | 135    | % |
| 120% or more (maximum)                                            |   |                            | 150    | % |

----

----

----

----

|               |   | Option Awards                                               |    | Stock Awards |                                                                           |
|-------------------------|--------|------------------------------------------------------------------|---------|-------------------|--------------------------------------------------------------------------------|
|               |   | Number ofSecuritiesUnderlyingUnexercisedOptionsExerciseable |    |              | Number ofSecurities UnderlyingUnexercised OptionsUnexerciseable |   | Equity IncentivePlanAwards:Number of SecuritiesUnderlying Unexercised Options |   | OptionExercise Price |   | Option Expiration Date |   | Number ofShares orUnits ofStock ThatHave NotVested |   |   | Vesting Date ofShares orUnits ofStock ThatHave NotVested |   | MarketValue ofShares orUnits ofStock ThatHave NotVested |   | EquityIncentive PlanAwards: Number ofUnearnedShares,Units orOther Rights That HaveNot Vested |   |   | EquityIncentive Plan Awards:Market orPayoutValue ofUnearned Shares,Units orOther RightsThat Have Not Vested |   |
| Name                    |   | (#)(a)                                                           |    |              | (#)                                                                            |   | (#) |   | ($) |   |   |   | (#) |   |   |   |   | ($) |   | (#) |   |   | ($) |   |
| Neil Cole(1)            |   |                                                             | 76,500  |              |                                                                           |   | - |   |   | - |   |   | 2.30 |   | 10/26/2011 |   |   | 236,337 | (1) |   | 12/31/2011 |   | $ | 4,563,667 |   |   | 157,558 | (2) |   | $ | 3,042,445 |   |
|                    |   |                                                             | 273,500 |              |                                                                           |   | - |   |   | - |   |   | 2.30 |   | 10/26/2011 |   |   | 236,337 | (1) |   | 12/31/2012 |   |   | 4,563,667 |   |   | 157,558 | (2) |   |   | 3,042,445 |   |
|                    |   |                                                             | 600,000 |              |                                                                           |   | - |   |   | - |   |   | 2.75 |   | 4/23/2012 |   |   | - |   |   | - |   |   | - |   |   | 78,779 |   |   |   | 1,521,222 |   |
|                    |   |                                                             | 15,000  |              |                                                                           |   | - |   |   | - |   |   | 4.41 |   | 5/22/2012 |   |   | - |   |   | - |   |   | - |   |   | 78,779 |   |   |   | 1,521,222 |   |
|                    |   |                                                             | 800,000 |              |                                                                           |   | - |   |   | - |   |   | 4.62 |   | 3/29/2015 |   |   | - |   |   | - |   |   | - |   |   | 78,779 |   |   |   | 1,521,222 |   |
|                    |   |                                                             | 200,000 |              |                                                                           |   | - |   |   | - |   |   | 10.00 |   | 12/28/2015 |   |   | - |   |   | - |   |   | - |   |   | - |   |   |   | - |   |
|                    |   |                                                             |    |              |                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Warren Clamen           |   |                                                             |    |              |                                                                           |   |   |   |   |   |   |   |   |   |   |   |   | 3,145 |   |   | 4/8/2011 |   | $ | 60,730 |   |   | - |   |   |   | - |   |
|                    |   |                                                             |    |              |                                                                           |   |   |   |   |   |   |   |   |   |   |   |   | 23,514 |   |   | 11/11/2011 |   |   | 454,055 |   |   | - |   |   |   | - |   |
|                    |   |                                                             |    |              |                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Andrew Tarshis          |   |                                                             |    |              |                                                                           |   |   |   |   |   |   |   |   |   |   |   |   | 3,145 |   |   | 4/8/2011 |   | $ | 60,730 |   |   | - |   |   |   | - |   |
|                    |   |                                                             |    |              |                                                                           |   |   |   |   |   |   |   |   |   |   |   |   | 23,514 |   |   | 11/11/2011 |   |   | 454,055 |   |   | - |   |   |   | - |   |
|                    |   |                                                             |    |              |                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Yehuda Shmidman         |   |                                                             |    |              |                                                                           |   |   |   |   |   |   |   |   |   |   |   |   | 24,930 |   |   | 11/16/2011 |   | $ | 481,398 |   |   | - |   |   |   | - |   |
|                    |   |                                                             |    |              |                                                                           |   |   |   |   |   |   |   |   |   |   |   |   | 24,929 |   |   | 11/16/2012 |   |   | 481,379 |   |   | - |   |   |   | - |   |
|                    |   |                                                             |    |              |                                                                           |   |   |   |   |   |   |   |   |   |   |   |   | 3,145 |   |   | 4/8/2011 |   |   | 60,730 |   |   | - |   |   |   | - |   |
|                    |   |                                                             |    |              |                                                                           |   |   |   |   |   |   |   |   |   |   |   |   | 5,932 |   |   | 8/3/2011 |   |   | 114,547 |   |   | - |   |   |   | - |   |
|                    |   |                                                             |    |              |                                                                           |   |   |   |   |   |   |   |   |   |   |   |   | 5,931 |   |   | 8/3/2012 |   |   | 114,528 |   |   | - |   |   |   | - |   |
|                    |   |                                                             |    |              |                                                                           |   |   |   |   |   |   |   |   |   |   |   |   | 5,931 |   |   | 8/3/2013 |   |   | 114,528 |   |   | - |   |   |   | - |   |
|                    |   |                                                             |    |              |                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| David Blumberg (3) |   |                                                             | 30,000  |              |                                                                           |   | - |   |   | - |   | $ | 20.18 |   | 3/9/2017 |   |   | - |   |   | - |   |   | - |   |   | - |   |   |   | - |   |
|                    |   |                                                             | 55,000  |              |                                                                           |   | - |   |   | - |   |   | 20.40 |   | 3/30/2017 |   |   | - |   |   | - |   |   | - |   |   | - |   |   |   | - |   |
|                    |   |                                                             | 55,000  |              |                                                                           |   | - |   |   | - |   |   | 23.66 |   | 10/3/2017 |   |   | - |   |   | - |   |   | - |   |   | - |   |   |   | - |   |
|                    |   |                                                             | 30,000  |              |                                                                           |   | - |   |   | - |   |   | 20.02 |   | 12/17/2017 |   |   | - |   |   | - |   |   | - |   |   | - |   |   |   | - |   |
|                    |   |                                                             | 20,000  |              |                                                                           |   | - |   |   | - |   |   | 6.65 |   | 10/2/2018 |   |   | - |   |   | - |   |   | - |   |   | - |   |   |   | - |   |
|                    |   |                                                             | 15,000  |              |                                                                           |   | - |   |   | - |   |   | 17.16 |   | 9/22/2019 |   |   | - |   |   | - |   |   | - |   |   | - |   |   |   | - |   |
|                    |   |                                                             | 15,000  |              |                                                                           |   | - |   |   | - |   |   | 11.66 |   | 10/30/2019 |   |   | - |   |   | - |   |   | - |   |   | - |   |   |   | - |   |
|                    |   |                                                             | 15,000  |              |                                                                           |   | - |   |   | - |   |   | 16.33 |   | 6/3/2020 |   |   | - |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| (1) | Mr. Cole was granted 1,181,684 RSUs, and 571,150 performance-based restricted common stock units, or PSUs, on February 19, 2008 pursuant to his employment agreement with us. On December 24, 2008, Mr. Cole agreed, in an amendment to his employment agreement, to defer the issuance of 1,181,684 shares of common stock underlying the RSUs until the earlier of (i) the date Mr. Cole is no longer employed by either (a) us or (b) any corporation or other entity owning, directly or indirectly, 50% or more of our outstanding common stock, or in which we or any such corporation or other entity owns, directly or indirectly, 50% or more of the outstanding capital stock (determined by aggregate voting rights) or other voting interests or (ii) a change in control (as defined in the employment agreement). In consideration of Mr. Cole's agreement to delay the distribution to him of such shares of our common stock to which he will be entitled to receive under the RSUs as noted above, the agreement also provided for the award to Mr. Cole of an annual cash bonus to be granted under our executive incentive bonus plan, in the amount equal to $500,000 for each of the four completed calendar years commencing with the calendar year from January 1, 2009 through December 31, 2009, and ending with the calendar year from January 1, 2012 through December 31, 2012 if either one of two performance measures specified in the agreement have been satisfied. The 1,181,684 RSUs continue to vest in five substantially equal installments on each December 31st, beginning on December 31, 2008 and subject to Mr. Cole's continuous employment with us, although the delivery of the shares underlying such RSUs has been deferred as described above. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | As noted above, Mr. Cole was granted 1,181,684 RSUs and 571,150 PSUs on February 19, 2008 pursuant to his employment agreement with us. At that time he was also entitled to receive an additional 216,639 PSU’s under his employment agreement.  On May 21, 2008, Mr. Cole entered into an agreement with us that provided for the rescission of 256,034 of the previously granted 571,150 PSUs, which rescinded PSUs were then added to 216,639 additional PSUs he was entitled to under his employment agreement (a total of 472,673 PSUs). These 472,673 PSUs were granted to Mr. Cole in 2009. The 551,452 PSUs reflected in the table represent the unearned portion of the 787,790 PSUs granted to Mr. Cole under the terms of his employment agreement. In February 2011, the Compensation Committee determined that the $194.0 million EBITDA target was achieved, and, therefore, Mr. Cole earned 118,169 of the 157,558 PSU’s that he was eligible to earn for the year ended December 31, 2010.  In February 2010, the Compensation Committee determined that the $160 million EBITDA target was achieved, and, therefore, Mr. Cole earned 39,390 of 157,558 PSU's that he was eligible to receive for the year ended December 31, 2009. In February 2009, the Compensation Committee determined that the $147 million EBITDA target was achieved, and, therefore, Mr. Cole earned 78,779 of 157,558 PSU's that he was eligible to receive for the year ended December 31, 2008. The other performance goals involving market capitalization and share price were not achieved with respect to the years ended December 31, 2010, 2009 and 2008. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | At December 31, 2010 and 2009 Mr. Blumberg had been awarded 17,913 and 35,826, respectively, of the 107,476 shares of common stock issuable under his employment agreement. All of the 17,913 and 35,826 shares awarded on each such date vested on such date. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|            |   | Number ofSecuritiesUnderlyingUnvestedRestrictedStock |    |   | Number ofSecuritiesUnderlyingUnexercisedOptionsExerciseable |   |    |   |            |
|-----------------|--------|-----------------------------------------------------------|---------|--------|------------------------------------------------------------------|--------|---------|--------|-----------------|
| Name            |   |                                                      | (#)     |   |                                                             |   | (#)     |   | Grant Date |   | Vesting Date |
| Neil Cole       |   |                                                      |    |   |                                                             |   |    |   |            |   |   |
|            |   |                                                      | -       |   |                                                             |   | 76,500  |   | 10/26/2001      |   | 10/26/2001 |
|            |   |                                                      | -       |   |                                                             |   | 273,500 |   | 10/26/2001      |   | 10/26/2001 |
|            |   |                                                      | -       |   |                                                             |   | 200,000 |   | 4/23/2002       |   | 2/1/2003 |
|            |   |                                                      | -       |   |                                                             |   | 200,000 |   | 4/23/2002       |   | 2/1/2004 |
|            |   |                                                      | -       |   |                                                             |   | 200,000 |   | 4/23/2002       |   | 2/1/2005 |
|            |   |                                                      | -       |   |                                                             |   | 15,000  |   | 5/22/2002       |   | 5/22/2002 |
|            |   |                                                      | -       |   |                                                             |   | 800,000 |   | 3/29/2005       |   | 3/29/2005 |
|            |   |                                                      | -       |   |                                                             |   | 200,000 |   | 12/28/2005      |   | 12/28/2005 |
|            |   |                                                      | 236,337 |   |                                                             |   | -       |   | 8/13/2009       |   | 12/31/2011 |
|            |   |                                                      | 236,337 |   |                                                             |   | -       |   | 8/13/2009       |   | 12/31/2012 |
|            |   |                                                      | 78,779  |   |                                                             |   | -       |   | 1/28/2008       |   | 12/31/2012 |
|            |   |                                                      | 78,779  |   |                                                             |   | -       |   | 8/13/2009       |   | 12/31/2012 |
|            |   |                                                      | 78,779  |   |                                                             |   | -       |   | 8/13/2009       |   | 12/31/2012 |
|            |   |                                                      | 157,558 |   |                                                             |   | -       |   | 8/13/2009       |   | 12/31/2011 |
|            |   |                                                      | 157,558 |   |                                                             |   | -       |   | 8/13/2009       |   | 12/31/2012 |
|            |   |                                                      |    |   |                                                             |   |    |   |            |   |   |
| Warren Clamen   |   |                                                      | 23,514  |   |                                                             |   | -       |   | 9/22/2009       |   | 11/10/2011 |
|            |   |                                                      | 3,145   |   |                                                             |   | -       |   | 4/8/2010        |   | 4/8/2011 |
|            |   |                                                      |    |   |                                                             |   |    |   |            |   |   |
| Andrew Tarshis  |   |                                                      | 23,514  |   |                                                             |   | -       |   | 9/22/2009       |   | 11/10/2011 |
|            |   |                                                      | 3,145   |   |                                                             |   | -       |   | 4/8/2010        |   | 4/8/2011 |
|            |   |                                                      |    |   |                                                             |   |    |   |            |   |   |
| Yehuda Shmidman |   |                                                      | 24,929  |   |                                                             |   | -       |   | 11/17/2009      |   | 11/16/2011 |
|            |   |                                                      | 24,929  |   |                                                             |   | -       |   | 11/17/2009      |   | 11/16/2012 |
|            |   |                                                      | 3,145   |   |                                                             |   |    |   | 4/8/2010        |   | 4/8/2011 |
|            |   |                                                      | 5,932   |   |                                                             |   |    |   | 8/3/2010        |   | 8/3/2011 |
|            |   |                                                      | 5,931   |   |                                                             |   |    |   | 8/3/2010        |   | 8/3/2012 |
|            |   |                                                      | 5,931   |   |                                                             |   |    |   | 8/3/2010        |   | 8/3/2013 |
|            |   |                                                      |    |   |                                                             |   |    |   |            |   |   |
| David Blumberg  |   |                                                      | -       |   |                                                             |   | 30,000  |   | 3/9/2007        |   | 3/9/2007 |
|            |   |                                                      | -       |   |                                                             |   | 55,000  |   | 3/30/2007       |   | 3/30/2007 |
|            |   |                                                      | -       |   |                                                             |   | 55,000  |   | 10/3/2007       |   | 10/3/2007 |
|            |   |                                                      | -       |   |                                                             |   | 30,000  |   | 12/17/2007      |   | 12/17/2007 |
|            |   |                                                      | -       |   |                                                             |   | 20,000  |   | 10/2/2008       |   | 10/2/2008 |
|            |   |                                                      | -       |   |                                                             |   | 15,000  |   | 9/22/2009       |   | 9/22/2009 |
|            |   |                                                      | -       |   |                                                             |   | 15,000  |   | 10/30/2009      |   | 10/30/2009 |
|            |   |                                                      | -       |   |                                                             |   | 15,000  |   | 6/3/2010        |   | 6/3/2010 |

----

|            |         | Option Awards                                   |         |         | Stock Awards                     |         |
|-----------------|--------------|-------------------------------------------------|--------------|--------------|----------------------------------|--------------|
|            |    | Number ofSharesAcquired onExercise(1) |    |    | ValueRealized onExercise(2) |    |    | Number ofShares Acquired onVesting |    |    | ValueRealized on Vesting |   |
| Name            |         |                                            | (#)          |         |                             | ($)          |   |   |   | (#) |   |   | ($) |   |
| Neil Cole       |         |                                            | 245,366      |         |                             | $            | 3,496,466 |   |   |   | 236,337 | (3)  |   | $ | 4,563,667 |   |
|            |         |                                            | -       |         |                             |         | -  |   |   |   | 118,169 | (3)  |   |   | 2,281,843 |   |
|            |         |                                            |         |         |                             |         |   |   |   |   |   |   |   |   |   |   |
| Warren Clamen   |         |                                            | 60,000       |         |                             |  $      | 742,800 |   |   |   | 2,982 |   |   | $ | 49,374 |   |
|            |         |                                            | 50,000       |         |                             |         | 372,000 |   |   |   | 1,624 |   |   |   | 24,539 |   |
|            |         |                                            | -            |         |                             |         | - |   |   |   | 23,514 |   |   |   | 419,725 |   |
|            |         |                                            |         |         |                             |         |   |   |   |   |   |   |   |   |   |   |
| Andrew Tarshis  |         |                                            | 10,000       |         |                             |  $      | 86,300 |   |   |   | 2,982 |   |   | $ | 49,374 |   |
|            |         |                                            | -            |         |                             |         | - |   |   |   | 1,624 |   |   |   | 24,539 |   |
|            |         |                                            | -            |         |                             |         | - |   |   |   | 23,514 |   |   |   | 419,725 |   |
|            |         |                                            |         |         |                             |         |   |   |   |   |   |   |   |   |   |   |
| Yehuda Shmidman |         |                                            | 10,000       |         |                             | $            | 88,600 |   |   |   | 4,979 |   |   | $ | 82,452 |   |
|            |         |                                            | 10,000       |         |                             |         | 74,400 |   |   |   | 2,166 |   |   |   | 32,728 |   |
|            |         |                                            | -            |         |                             |         | - |   |   |   | 24,929 |   |   |   | 442,246 |   |
|            |         |                                            |         |         |                             |         |   |   |   |   |   |   |   |   |   |   |
| David Blumberg  |         |                                            | -            |         |                             |         | - |   |   |   | 35,826 |   |   | $ | 453,915 |   |

|   | (1) | The number of shares reflects the gross amount issued upon the exercise of the options and does not give effect to the withholding of a portion of the shares by us to satisfy certain withholding tax liability of the person exercising the options. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | Included in this column is the aggregate dollar amount realized by the named executive officer upon exercise of the options. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | Includes 236,337 shares of common stock underlying RSU's that vested on December 31, 2010 and 118,169 shares of common stock underlying PSU's that were deemed earned by the compensation committee for the year ended December 31, 2010 as more fully discussed in footnote 2 to the table of Outstanding Equity Awards at Fiscal Year-End. The delivery of the 236,337 shares of common stock underlying the RSU's was deferred, as more fully discussed in footnote 1 to the table of Outstanding Equity Awards at Fiscal Year-End. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Covenant          |   | Neil Cole         |   | Warren Clamen     |   | Andrew Tarshis    |   | Yehuda Shidman      |   | David Blumberg      |
|-------------------|--------|-------------------|--------|-------------------|--------|-------------------|--------|---------------------|--------|---------------------|
|              |   |              |   |              |   |              |   |                |   |                |
| Confidentiality   |   | Infinite duration |   | Infinite duration |   | Infinite duration |   | Infinite duration   |   | Infinite duration   |
|              |   |              |   |              |   |              |   |                |   |                |
| Non-solicitation  |   | Two years         |   | Three years(1)    |   | Three years(1)    |   | Three years(1)      |   | Two years(3)        |
|              |   |              |   |              |   |              |   |                |   |                |
| Non-competition   |   | One year          |   | Two years(1)      |   | Two years(1)      |   | Three years(1) |   | Three years(3) |
|              |   |              |   |              |   |              |   |                |   |                |
| Non-interference  |   | (2)               |   | Three years(1)    |   | Three years(1)    |   | Three years(1)      |   | Two years(3)        |
|              |   |              |   |              |   |              |   |                |   |                |
| Non-disparagement |   | Five years        |   | None              |   | None              |   | None                |   | None                |

|   | (1) | Covenant runs from the date of the executive’s current employment agreement. |
|--------|-----|------------------------------------------------------------------------------------|

|   | (2) | Mr. Cole’s employment agreement with us provides that during the term and a period of (i) two years thereafter, Mr. Cole cannot solicit our employees and (ii) one year thereafter, Mr. Cole cannot solicit our customers. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | Covenant runs from the date the executive’s employment is terminated. |
|--------|-----|-----------------------------------------------------------------------------|

|                                                                                                                                   |   |                                                                      |   | Estimated Amount of Termination Payment to: |      |
|---------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------|--------|----------------------------------------------------------------------|-----------|
| Type of Payment                                                                                                                   |   | Termination Event                                                         |   | Neil Cole(1)                                                    |      |   | WarrenClamen |   |   | AndrewTarshis |   |   | YehudaShmidman |   |   | DavidBlumberg |   |
|                                                                                                                                        |   |                                                                           |   |                                                                 |      |   |   |   |   |   |   |   |   |   |   |   |   |
| Payment of earned but unpaid salary, unreimbursed expense, and  accrued but unused vacation time  (2)    |   | Termination for Cause or by executive without Good Reason                 |   | none                                                                 |      |   | none |   |   | none |   |   | none |   |   | none |   |
|                                                                                                                                        |   |                                                                           |   |                                                                 |      |   |   |   |   |   |   |   |   |   |   |   |   |
| Earned but unpaid bonuses  (2)                                                                                                    |   | Termination without Cause or by executive for Good Reason, death or disability |   | none                                                                 |      |   | none |   |   | none |   |   | none |   |   | none |   |
|                                                                                                                                        |   |                                                                           |   |                                                                 |      |   |   |   |   |   |   |   |   |   |   |   |   |
| Lump Sum Severance Payment                                                                                                                  |   | Termination without Cause or by executive for Good Reason                      |   | $                                                                    | 6,350,000 | (3) |   | $ | 344,110 | (4) |   | $ | 344,110 | (4) |   | $ | 730,822 | (4) |   |   | 400,000 | (4) |
|                                                                                                                                        |   |                                                                           |   |                                                                 |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Pro rata portion of current year bonuses                                                                                                    |   | Death, termination without Cause, or termination by executive for Good Reason  |   | $                                                                    | none      | (6) |   | none | (5) |   | none | (5) |   | none | (5) |   | none | (6) |
|                                                                                                                                        |   |                                                                           |   |                                                                 |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Continued coverage under medical, dental, hospitalization and life insurance plans                                                          |   | Death, termination without Cause, or termination by executive for Good Reason  |   | $                                                                    | 52,388    |   |   | $ | 1,247 |   |   | $ | 44,207 |   |   |   | 44,072 |   |   |   | 44,207 |   |

----

|            |   | CashSeverancePayment |      |   | Continuation ofMedical/WelfareBenefits(Present Value) |   |   | PresentValue ofAcceleratedVesting ofEquityAwards |   |   | PresentValue ofAcceleratedPayment ofBonus |   |   | TotalTerminationBenefits |   |
|-----------------|--------|----------------------|-----------|--------|-----------------------------------------------------------------|--------|--------|------------------------------------------------------------|--------|--------|-----------------------------------------------------|--------|--------|--------------------------|--------|
| Name            |   | ($)(1)               |      |   | ($)                                                             |   |   | ($)(1)                                                     |   |   | ($)                                                 |   |   | ($)                      |   |
| Neil Cole       |   | $                    | 9,525,000 | (2)    |                                                            | $      | 39,741 |                                                       |   | $      | 4,370,389                                           |   |   | $                        | -      |   |   | $ | 13,935,130 |   |
| Warren Clamen   |   |                 | 2,558,196 | (3)    |                                                            |   | 1,085  |                                                       |   |   | 54,197                                              |   |   |                     | -      |   |   |   | 2,613,477 |   |
| Andrew Tarshis  |   |                 | 2,153,156 | (4)    |                                                            |   | 33,705 |                                                       |   |   | 51,025                                              |   |   |                     | -      |   |   |   | 2,237,886 |   |
| Yehuda Shmidman |   |                 | 2,029,233 | (5)    |                                                            |   | 33,705 |                                                       |   |   | 294,693                                             |   |   |                     | -      |   |   |   | 2,357,631 |   |
| David Blumberg  |   |                 | 4,496,695 | (6)    |                                                            |   | 33,705 |                                                       |   |   | 1,037,661                                           |   |   |                     | -      |   |   |   | 5,568,062 |   |

| (1) | This amount represents the unrealized value of the unvested portion of the respective named executive officer’s restricted stock based upon the closing price of our common stock on December 31, 2010. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Payable within 60 days of termination. |
|-----|----------------------------------------|

| (3) | $345,556 is payable within 30 days of termination. The difference is due within 15 days of termination |
|-----|--------------------------------------------------------------------------------------------------------|

| (4) | $345,556 is payable within 30 days of termination. The difference is due within 15 days of termination. |
|-----|---------------------------------------------------------------------------------------------------------|

| (5) | $1,082,431 is payable within 30 days of termination. The difference is due within 15 days of termination. |
|-----|-----------------------------------------------------------------------------------------------------------|

| (6) | $ 400,000 is payable within 30 days of termination. The difference is due within 15 days of termination. |
|-----|----------------------------------------------------------------------------------------------------------|

----

| Name               |   | Fees Earned or Paid in Cash ($) |   |   | Stock Awards ($)(1)(2) |   |    | Option Awards ($)(2) |   |   | Non-Equity Incentive Plan Compensation ($) |   |   | Change in Pension Value and Nonqualified Deferred Compensation Earnings |    |   | All Other Compensation ($) |   |    | Total ($) |   |
|--------------------|--------|---------------------------------------------------------------|--------|--------|----------------------------------|--------|---------|--------------------------------|--------|--------|----------------------------------------------------------------|--------|--------|-----------------------------------------------------------------------------------------------------------------|---------|--------|-------------------------------------------|--------|---------|----------------|--------|
| Barry Emanuel      |   | $                                                             | 50,000 |   |                             | $      | 100,000 |                           |   |   | —                                                        |   |   |                                                                                                            | — |   |                                      |   | — |           |   |   | — |   |   | $ | 150,000 |   |
| Steven Mendelow(3) |   |                                                          | 65,000 |   |                             |   | 100,000 |                           |   |   | —                                                        |   |   |                                                                                                            | — |   |                                      |   | — |           |   |   | — |   |   |   | 165,000 |   |
| Drew Cohen         |   |                                                          | 60,000 |   |                             |   | 100,000 |                           |   |   | —                                                        |   |   |                                                                                                            | — |   |                                      |   | — |           |   |   | — |   |   |   | 160,000 |   |
| F. Peter Cuneo     |   |                                                          | 50,000 |   |                             |   | 100,000 |                           |   |   | —                                                        |   |   |                                                                                                            | — |   |                                      |   | — |           |   |   | — |   |   |   | 150,000 |   |
| Mark Friedman      |   |                                                          | 60,000 |   |                             |   | 100,000 |                           |   |   | —                                                        |   |   |                                                                                                            | — |   |                                      |   | — |           |   |   | — |   |   |   | 160,000 |   |
| James A. Marcum    |   |                                                          | 50,000 |   |                             |   | 100,000 |                           |   |   | —                                                        |   |   |                                                                                                            | — |   |                                      |   | — |           |   |   | — |   |   |   | 150,000 |   |
|               |   |                                                          |   |   |                             |   |    |                           |   |   |                                                           |   |   |                                                                                                            |    |   |                                      |   |    |           |   |   |   |   |   |   |   |   |

----

| (1) | Represents the aggregate grant date fair value. See Note 6 to Notes to the Consolidated Financial Statements included in this Report for a discussion for the relevant assumptions used in calculating grant date fair value. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | At December 31, 2010 our non-employee directors owned the following unexercised options - Drew Cohen 50,000; Barry Emanuel - 191,173; and Steven Mendelow - 100,250. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Mr. Mendelow resigned from the Board of Directors on December 7, 2010. |
|-----|------------------------------------------------------------------------|

----

| Name and Address of Beneficial Owner |   | Number ofShares ofCommon StockBeneficiallyOwned |      |   | Percentage of Company’sOutstanding Commonstock Beneficially Owned |   |
|---------------------------------------------------------------|--------|----------------------------------------------------------------|-----------|--------|--------------------------------------------------------------------------------------------------|--------|
| Neil Cole                                                     |   |                                                           | 3,005,388 | (1)    |                                                                                             |   | 4.0 | % |
| Warren Clamen                                                 |   |                                                           | 39,146    |   |                                                                                             |   | * |   |
| Andrew Tarshis                                                |   |                                                           | 16,940    |   |                                                                                             |   | * |   |
| Yehuda Shmidman                                               |   |                                                           | 15,033    |   |                                                                                             |   | * |   |
| David Blumberg                                                |   |                                                           | 263,920   | (2)    |                                                                                             |   | * |   |
| Barry Emanuel                                                 |   |                                                           | 159,529   | (3)    |                                                                                             |   | * |   |
| Drew Cohen                                                    |   |                                                           | 64,000    | (4)    |                                                                                             |   | * |   |
| F. Peter Cuneo                                                |   |                                                           | 119,776   |   |                                                                                             |   | * |   |
| Mark Friedman                                                 |   |                                                           | 34,140    |   |                                                                                             |   | * |   |
| James A. Marcum                                               |   |                                                           | 26,320    |   |                                                                                             |   | * |   |
| Laurence N. Charney                                           |   |                                                           | -         | (5)    |                                                                                             |   | * |   |
|                                                          |   |                                                           |      |   |                                                                                             |   |   |   |
| Baron Capital Group, Inc.                                     |   |                                                           |      |   |                                                                                             |   |   |   |
| 767 Fifth Avenue                                              |   |                                                           |      |   |                                                                                             |   |   |   |
| New York, NY 10153                                            |   |                                                           | 3,900,000 | (6)    |                                                                                             |   | 5.4 | % |
|                                                          |   |                                                           |      |   |                                                                                             |   |   |   |
| Black Rock Inc.                                               |   |                                                           |      |   |                                                                                             |   |   |   |
| 40 East 52nd Street                                           |   |                                                           |      |   |                                                                                             |   |   |   |
| New York, NY  10022                                 |   |                                                           | 5,637,025 | (7)    |                                                                                             |   | 7.7 | % |
|                                                          |   |                                                           |      |   |                                                                                             |   |   |   |
| Luxor Capital Group                                           |   |                                                           |      |   |                                                                                             |   |   |   |
| 1114 Avenue of the Americas, 29th Floor                       |   |                                                           |      |   |                                                                                             |   |   |   |
| New York, NY  10036                                 |   |                                                           | 6,089,298 | (8)    |                                                                                             |   | 8.4 | % |
|                                                          |   |                                                           |      |   |                                                                                             |   |   |   |
| Dimensional Fund Advisors LP                                  |   |                                                           |      |   |                                                                                             |   |   |   |
| Palisades West, Building One                                  |   |                                                           |      |   |                                                                                             |   |   |   |
| 6300 Bee Cave Road                                            |   |                                                           |      |   |                                                                                             |   |   |   |
| Austin, TX 78746                                              |   |                                                           | 3,894,296 | (9)    |                                                                                             |   | 5.3 | % |
|                                                          |   |                                                           |      |   |                                                                                             |   |   |   |
| All directors and executive officers as a group (11 persons)  |   |                                                           | 3,764,092 | (10)   |                                                                                             |   | 5.0 | % |

----

| *  | Less than 1% |
|---------|--------------|

| (1) | Includes (i) 1,965,000 shares of common stock issuable upon exercise of options (ii) 709,011 shares of common stock underlying restricted common stock units that have vested  but the delivery of which Mr. Cole has agreed to defer and (iii) 20,000 shares of common stock owned by Mr. Cole’s children. Does not include (i) shares held in Mr. Cole’s account under the Company’s 401(k) savings plan over which Mr. Cole has no current voting or investment power or (ii) 472,673 shares of common stock underlying restricted common stock units that have not vested, the delivery of which Mr. Cole has agreed to defer. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (2) | Includes (i) 45,000 shares of common stock issuable upon exercise of options owned by Mr. Blumberg, (ii) 190,000 shares of common stock issuable upon exercise of options owned by Blumberg Associates, LLC, and (iii) 16,000 shares owned by Blumberg Associates, LLC.  Mr. Blumberg has voting and investment control over securities of the Company owned by Blumberg Associates, LLC. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Includes 141,073 shares of common stock issuable upon exercise of options. |
|-----|----------------------------------------------------------------------------|

| (4) | Includes 50,000 shares of common stock issuable upon exercise of options. |
|-----|---------------------------------------------------------------------------|

| (5) | On February 16, 2011, Mr. Charney was granted 4,114 shares of common stock which vest fully on July 1, 2011, which represents his equity compensation as a director for 2011, pro-rated for a partial year based on his start date.  Mr. Charney was also granted 11,754 shares of common stock on February 16, 2011, which vests evenly on the one, two and three year anniversary of the grant. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Baron Capital Group, Inc. (“BCG”) is deemed to have beneficial ownership of these shares, which are held by BCG or entities that it controls. BCG and Ronald Baron disclaim beneficial ownership of the shares held by their controlled entities (or the investment advisory clients thereof) to the extent that persons other than BCG and Ronald Baron hold such shares. BAMCO, Inc. disclaims beneficial ownership of shares held by its investment advisory clients to the extent such shares are held by persons other than BAMCO, Inc. and its affiliates. The information provided is based upon Schedule 13G filed by BCG and its affiliates: Bamco, Inc.; Baron Small Cap Fund; and Ronald Baron, as amended on February 14, 2011. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | On December 1, 2009, Black Rock, Inc. completed its acquisition of Barclays Global Investors, NA, herein referred to as Barclays Capital.  The reported amounts include shares of our common stock beneficially owned by Barclays Capital and certain of its affiliates. The information is based upon a Schedule 13G filed February 4, 2011 by Black Rock, Inc. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (8) | Based on a Schedule 13-G filed on February 14, 2011, Luxor Capital Group, LP  acts as the investment manager of  Luxor Capital Partners, LP, a Delaware limited partnership (the “Onshore Fund”), Luxor Spectrum, LLC, a Delaware limited liability company (the “Spectrum Onshore Fund”), Luxor Wavefront, LP, a Delaware limited partnership (the “Wavefront Fund”),  Luxor Capital Partners Offshore Master Fund, LP, a Cayman Islands limited partnership (the “Offshore Master Fund”), Luxor Capital Partners Offshore, Ltd., a Cayman Islands exempted company (the “Offshore Feeder Fund”), Luxor Spectrum Offshore Master Fund, LP, a Cayman Islands limited Partnership (the “Spectrum Offshore Master Fund”) and Luxor Spectrum Offshore, Ltd., a Cayman Islands exempted company (the “Spectrum Offshore Feeder Fund”) (the Onshore Fund, the Spectrum Onshore Fund, the Wavefront Fund, the Offshore Master Fund, the Offshore Feeder Fund, the Spectrum Offshore Master Fund and the Spectrum Offshore Feeder Funds are collectively referred to as the “Funds”) and to accounts it separately manages (the “Separately Managed Accounts”).  The Offshore Master Fund is a subsidiary of Luxor Capital Partners Offshore, Ltd., a Cayman Islands exempted company (the “Offshore Feeder Fund”), and the Spectrum Offshore Master Fund is a subsidiary of Luxor Spectrum Offshore Master Fund, LP, a Cayman Islands limited Partnership (the “Spectrum Offshore Feeder Fund”).    Luxor Management, LLC, a Delaware limited liability company (“Luxor Management”) is the general partner of Luxor Capital Group, LP, a Delaware limited partnership (“Luxor Capital Group”).  Mr. Christian Leone, United States citizen, is the managing member of Luxor Management.  LCG Holdings, LLC, a Delaware limited liability company (“LCG Holdings”) is the general partner of the Onshore Fund, the Wavefront Fund, the Offshore Master Fund, the Spectrum Offshore Master Fund and the managing member of the Spectrum Onshore Fund.  Mr. Leone is the managing member of LCG Holdings.  Luxor Capital Group, Luxor Management and Mr. Leone may each be deemed to have voting and dispositive power with respect to the shares of Common Stock held by the Funds and the Separately Managed Accounts.  LCG Holdings may be deemed to have voting and dispositive power with respect to the shares of Common Stock held by the Onshore Fund, the Spectrum Onshore Fund, the Wavefront Fund, the Offshore Master Fund and the Spectrum Offshore Master Fund. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (9) | Based on a Schedule 13G filed on February 11, 2011, Dimensional Fund Advisors LP, an investment adviser registered under Section 203 of the Investment Advisors Act of 1940, furnishes investment advice to four investment companies registered under the Investment Company Act of 1940, and serves as investment manager to certain other commingled group trusts and separate accounts (such investment companies, trusts and accounts, collectively referred to as the “Funds”). In certain cases, subsidiaries of Dimensional Fund Advisors LP may act as an adviser or sub-adviser to certain Funds. In its role as investment advisor, sub-adviser and/or manager, neither Dimensional Fund Advisors LP or its subsidiaries (collectively, “Dimensional”) possess voting and/or investment power over the securities of the Issuer that are owned by the Funds, and may be deemed to be the beneficial owner of the shares of the Issuer held by the Funds. However, all securities reported in the referenced Schedule 13-G are owned by the Funds. Dimensional disclaims beneficial ownership of such securities. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (10) | Includes (i) 2,391,073 shares of common stock issuable upon exercise of options and (ii) 709,011 shares underlying restricted stock and restricted stock unit awards. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Plan Category                                                |   | Number ofsecurities to beissued upon exerciseof outstandingoptions, warrantsand rights(a) |      |   | Weighted-averageexercise price ofoutstanding options,warrants and rights(b) |   |   | Number of securitiesremaining available forfuture issuance under equitycompensation plans(excluding securitiesreflected in column (a))(c) |   |
|-------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------|-----------|--------|------------------------------------------------------------------------------------------------------|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| Equity compensation plans approved by security holders:           |   |                                                                                                                              | 1,945,935 |   |                                                                                                 | $      | 6.17   |                                                                                                                                                                                                  |   |   | 1,909,669 |   |
| Equity compensation plans not approved by security holders: : (1) |   |                                                                                                                              | 900,500   |   |                                                                                                 | $      | 4.73   |                                                                                                                                                                                                  |   |   | — |   |
| Total                                                             |   |                                                                                                                              | 2,846,435 |   |                                                                                                 | $      | 5.72   |                                                                                                                                                                                                  |   |   | 1,909,669 |   |

----

| (1) | Represents the aggregate number of shares of common stock issuable upon exercise of individual arrangements with option and warrant holders, including 300,500 options issued under the terms of our 2001 Stock Option Plan. These options and warrants are up to three years in duration, expire at various dates through December 28, 2015, contain anti-dilution provisions providing for adjustments of the exercise price under certain circumstances and have termination provisions similar to options granted under stockholder approved plans. See Note 6 of Notes to the Consolidated Financial Statements included in this Report for a description of our stock option and stock incentive plans. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Report of Independent Registered Public Accounting Firm                                              |   |   |
|------------------------------------------------------------------------------------------------------|--------|--------|
|                                                                                                 |   |   |
| Consolidated Balance Sheets - December 31, 2010 and 2009                                             |   |   |
|                                                                                                 |   |   |
| Consolidated Income Statements for the years ended December 31, 2010, 2009 and 2008                  |   |   |
|                                                                                                 |   |   |
| Consolidated Statements of Stockholders' Equity for the years ended December 31, 2010, 2009 and 2008 |   |   |
|                                                                                                 |   |   |
| Consolidated Statements of Cash Flows for the years ended December 31, 2010, 2009 and 2008           |   |   |
|                                                                                                 |   |   |
| Notes to Consolidated Financial Statements                                                           |   |   |

| Report of Independent Registered Public Accounting Firm on Financial Statement Schedule |   |   |
|-----------------------------------------------------------------------------------------|--------|--------|
|                                                                                    |   |   |
| Schedule II Valuation and qualifying accounts                                           |   |   |

----

|                 | ICONIX BRAND GROUP, INC. |                                  |
|----------------------|--------------------------|---------------------------------------|
|                 |                     |                                  |   |
| Date: April 29, 2011 | By:                 | /s/ Neil Cole                         |   |
|                 |                     | Neil Cole                             |   |
|                 |                     | President and Chief Executive Officer |   |
|                 |                     |                                  |   |
|                 |                     | /s/ Warren Clamen                     |   |
|                 |                     | Warren Clamen                         |   |
|                 |                     | Executive Vice President and          |   |
|                 |                     | Chief Financial Officer               |   |

| ExhibitNumbers |   | Description                                                                                                                                                                                                                                                             |
|----------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|           |   |                                                                                                                                                                                                                                                                    |
| 2.1            |   | Asset Purchase dated October 29, 2004 by and among B.E.M. Enterprise, Ltd., Escada (USA) Inc., the Company and Badgley Mischka Licensing LLC (1)                                                                                                                        |
|           |   |                                                                                                                                                                                                                                                                    |
| 2.2            |   | Asset Purchase Agreement dated July 22, 2005 by and among the Company, Joe Boxer Company, LLC, Joe Boxer Licensing, LLC, JBC Canada Holdings, LLC, Joe Boxer Canada, LP, and William Sweedler, David Sweedler, Alan Rummelsburg, Joseph Sweedler and Arnold Suresky (2) |
|           |   |                                                                                                                                                                                                                                                                    |
| 2.3            |   | Asset Purchase Agreement dated September 16, 2005 by and among the Company, Rampage Licensing, LLC, Rampage.com, LLC, Rampage Clothing Company, Larry Hansel, Bridgette Hansel Andrews, Michelle Hansel, Paul Buxbaum and David Ellis (3)                               |
|           |   |                                                                                                                                                                                                                                                                    |
| 2.4            |   | Merger Agreement dated as of March 31, 2006 by and among the Company, Moss Acquisition Corp., Mossimo, Inc., and Mossimo Giannulli (4)                                                                                                                                  |
|           |   |                                                                                                                                                                                                                                                                    |
| 2.5            |   | Asset Purchase Agreement dated as of March 31, 2006, between the Company and Mudd (USA) LLC (5)                                                                                                                                                                         |
|           |   |                                                                                                                                                                                                                                                                    |
| 2.6            |   | Amendment dated April 11, 2006 to Asset Purchase Agreement dated as of March 31, 2006 between the Company and Mudd (USA), LLC. (6)                                                                                                                                      |
|           |   |                                                                                                                                                                                                                                                                    |
| 2.7            |   | Asset Purchase Agreement, dated as of August 21, 2006, between the Company and London Fog Group, Inc. (7)                                                                                                                                                               |
|           |   |                                                                                                                                                                                                                                                                    |
| 2.8            |   | Asset Purchase Agreement, dated as of October 31, 2006, between the Company, The Warnaco Group, Inc., and Ocean Pacific Apparel Corp. (including the forms of the Note and the Registration Rights Agreement) (27)+                                                     |
|           |   |                                                                                                                                                                                                                                                                    |
| 2.9            |   | Assets Purchase Agreement dated as of February 21, 2007 by and among the Company, Danskin, Inc. and Danskin Now, Inc. (28)+**                                                                                                                                           |

----

| ExhibitNumbers |   | Description                                                                                                                                                                                                                                            |
|----------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|           |   |                                                                                                                                                                                                                                                   |
| 2.10           |   | Asset Purchase Agreement dated March 6, 2007 by and among the Company, Rocawear Licensing LLC, Arnold Bize, Shawn Carter and Naum Chernyavsky (29)+                                                                                                    |
|           |   |                                                                                                                                                                                                                                                   |
| 2.11           |   | Purchase and Sale Agreement, dated September 6, 2007, by and among the Company, Official Pillowtex LLC and the Sellers of interests in Official Pillowtex, LLC (“the Sellers”) (32)+                                                       |
|           |   |                                                                                                                                                                                                                                                   |
| 2.12           |   | Asset Purchase Agreement dated November 15, 2007 by and among the Company, Exeter Brands Group LLC and NIKE, Inc. (34)+                                                                                                                                |
|           |   |                                                                                                                                                                                                                                                   |
| 2.13           |   | Asset Purchase Agreement by and among NexCen Brands, Inc., NexCen Fixed Asset Company , LLC,   NexCen Brand Management, Inc., WV IP Holdings, LLC and  the Company dated September 29, 2008 (39)+                                       |
|           |   |                                                                                                                                                                                                                                                   |
| 2.14           |   | Contribution and Sale Agreement dated October 26, 2009 by and among the Registrant, IP Holder LLC, now known as IP Holdings Unltd LLC, Seth Gerszberg, Suchman LLC, Yakira, L.L.C., Ecko.Complex, LLC,  Zoo York LLC and Zoo York THC LLC. + (46) |
|           |   |                                                                                                                                                                                                                                                   |
| 2.15           |   | Membership Interest Purchase Agreement dated as of March 9, 2010 by and between the Registrant and Purim LLC (50)+                                                                                                                                     |
|           |   |                                                                                                                                                                                                                                                   |
| 2.16           |   | Purchase Agreement dated as of April 26, 2010 by and among Iconix Brand Group, Inc., United Features Syndicate, Inc. and The E.W. Scripps Company (51)+                                                                                                |
|           |   |                                                                                                                                                                                                                                                   |
| 3.1            |   | Certificate of Incorporation, as amended (8)                                                                                                                                                                                                           |
|           |   |                                                                                                                                                                                                                                                   |
| 3.2            |   | Restated and Amended By-Laws (9)                                                                                                                                                                                                                       |
|           |   |                                                                                                                                                                                                                                                   |
| 4.1            |   | Rights Agreement dated January 26, 2000 between the Company and Continental Stock Transfer and Trust Company (10)                                                                                                                                      |
|           |   |                                                                                                                                                                                                                                                   |
| 4.2            |   | Fifth Amended and Restated Indenture dated of August 28, 2006 by and between IP Holdings LLC, as issuer, and Wilmington Trust Company as Trustee (7)                                                                                                   |
|           |   |                                                                                                                                                                                                                                                   |
| 4.3            |   | Indenture, dated June 20, 2007 between the Company and The Bank of New York (31)                                                                                                                                                                       |
|           |   |                                                                                                                                                                                                                                                   |
| 4.4            |   | Registration Rights Agreement, dated June 20, 2007, by and among the Company, Merrill Lynch, Pierce, Fenner & Smith, Incorporated and Lehman Brothers Inc. (31)                                                                                    |
|           |   |                                                                                                                                                                                                                                                   |
| 10.1           |   | 1997 Stock Option Plan of the Company (12)*                                                                                                                                                                                                            |

| 10.2   |   | 2000 Stock Option Plan of the Company (13)*                                        |
|--------|--------|------------------------------------------------------------------------------------|
|   |   |                                                                               |
| 10.3   |   | 2001 Stock Option Plan of the Company (14)*                                        |
|   |   |                                                                               |
| 10.4   |   | 2002 Stock Option Plan of the Company (15)*                                        |
|   |   |                                                                               |
| 10.5   |   | Non -Employee Director Stock Incentive Plan (16)*                                  |
|   |   |                                                                               |
| 10.6   |   | 401(K) Savings Plan of the Company (17)                                            |
|   |   |                                                                               |
| 10.7   |   | Employment Agreement between Neil Cole and the Company dated January 28, 2008 (9)* |

----

| ExhibitNumbers |   | Description                                                                                                                                                                                                                         |
|----------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|           |   |                                                                                                                                                                                                                                |
| 10.8           |   | Membership Interest Purchase Agreement dated as of May 4, 2009 by and among the Registrant, Donald Edward Hardy and Francesca Passalacqua, trustees of the Hardy/Passalacqua Family Revocable Trust and Donald Edward Hardy. + (47) |
|           |   |                                                                                                                                                                                                                                |
| 10.9           |   | 2009 Equity Incentive Plan*(49)                                                                                                                                                                                                     |
|           |   |                                                                                                                                                                                                                                |
| 10.15          |   | Option Agreement of Neil Cole dated November 29, 1999 (17)*                                                                                                                                                                         |
|           |   |                                                                                                                                                                                                                                |
| 10.16          |   | Iconix Brand Group, Inc. 2006 Equity Incentive Plan and forms of options granted thereunder (37)*                                                                                                                                   |
|           |   |                                                                                                                                                                                                                                |
| 10.17          |   | Restricted Stock Agreement dated September 22, 2006 between the Company and Andrew Tarshis (24)*                                                                                                                                    |
|           |   |                                                                                                                                                                                                                                |
| 10.18          |   | Restricted Stock Agreement dated September 22, 2006 between the Company and Deborah Sorell Stehr (24)*                                                                                                                              |
|           |   |                                                                                                                                                                                                                                |
| 10.19          |   | Form of Restricted Stock Agreement for officers under the Iconix Brand Group, Inc. 2006 Equity Incentive Plan (25)*                                                                                                                 |
|           |   |                                                                                                                                                                                                                                |
| 10.20          |   | Form of Restricted Stock Agreement for Directors under the Iconix Brand Group, Inc. 2006 Equity Incentive Plan (25)*                                                                                                                |
|           |   |                                                                                                                                                                                                                                |
| 10.21          |   | 8% Senior Subordinated Note due 2012 of the Company payable to Sweet Sportswear, LLC (20)                                                                                                                                           |
|           |   |                                                                                                                                                                                                                                |
| 10.22          |   | Letter Agreement dated October 29, 2004 among UCC Funding Corporation, Content Holdings, Inc., the Company and Badgley Mischka Licensing LLC (1)                                                                                    |
|           |   |                                                                                                                                                                                                                                |
| 10.23          |   | Form of Option Agreement under the Company’s 1997 Stock Option Plan (18)*                                                                                                                                                     |
|           |   |                                                                                                                                                                                                                                |
| 10.24          |   | Form of Option Agreement under the Company’s 2000 Stock Option Plan (18)*                                                                                                                                                     |
|           |   |                                                                                                                                                                                                                                |
| 10.25          |   | Form of Option Agreement under the Company’s 2001 Stock Option Plan (18)*                                                                                                                                                     |
|           |   |                                                                                                                                                                                                                                |
| 10.26          |   | Form of Option Agreement under the Company’s 2002 Stock Option Plan (18)*                                                                                                                                                     |
|           |   |                                                                                                                                                                                                                                |
| 10.27          |   | Agreement dated June 2, 2006 among the Company, UCC Consulting, Content Holdings, James Haran and Robert D’Loren (44)                                                                                                         |
|           |   |                                                                                                                                                                                                                                |
| 10.28          |   | Common Stock Purchase Warrant issued to UCC Consulting Corporation (45)                                                                                                                                                             |
|           |   |                                                                                                                                                                                                                                |
| 10.29          |   | Purchase and Sale Agreement dated June 2, 2006 by and among the Company, Content Holdings, Robert D’Loren, Seth Burroughs and Catherine Twist (44)                                                                            |
|           |   |                                                                                                                                                                                                                                |
| 10.30          |   | Loan and Security Agreement dated as of October 31, 2006 among Mossimo Holdings LLC, Mossimo Management LLC, and Merrill Lynch Mortgage Capital Inc., as agent and lender (11)+                                                     |
|           |   |                                                                                                                                                                                                                                |
| 10.31          |   | Guaranty dated as of October 31, 2006 by the Company in favor of Merrill Lynch Mortgage Capital Inc., as agent (11)                                                                                                                 |
|           |   |                                                                                                                                                                                                                                |
| 10.32          |   | Registration Rights Agreement dated as of March 9, 2007 by and between the Company and Danskin, Inc. (28)                                                                                                                           |
|           |   |                                                                                                                                                                                                                                |
| 10.33          |   | Registration Rights Agreement dated March 30, 2007 by and between the Company and Rocawear Licensing LLC (29)                                                                                                                       |

----

| ExhibitNumbers |   | Description                                                                                                                                                                                                                             |
|----------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|           |   |                                                                                                                                                                                                                                    |
| 10.34          |   | Amended and Restated Credit Agreement dated as of May 2, 2007 by and among the Company, Lehman Brothers Inc. as Arranger, and Lehman Commercial Paper Inc., as Lender, as Syndication Agent and as Administrative Agent (30)+           |
|           |   |                                                                                                                                                                                                                                    |
| 10.35          |   | Guarantee and Collateral Agreement made by the Company and certain of its subsidiaries in favor of Lehman Commercial Paper Inc., as Administrative Agent (30)+                                                                          |
|           |   |                                                                                                                                                                                                                                    |
| 10.36          |   | Purchase Agreement, dated June 14, 2007, by and among the Company, Merrill Lynch, Pierce, Fenner & Smith, Incorporated and Lehman Brothers Inc. (31)                                                                                |
|           |   |                                                                                                                                                                                                                                    |
| 10.37          |   | Letter Agreement Confirming OTC Convertible Note Hedge, dated June 19, 2007 among the Company, Merrill Lynch International and, solely in its capacity as agent thereunder, Merrill Lynch, Pierce, Fenner & Smith Incorporated (31) |
|           |   |                                                                                                                                                                                                                                    |
| 10.38          |   | Letter Agreement, Confirming OTC Convertible Note Hedge, dated June 19, 2007, among the Company, Lehman Brothers - OTC Derivatives Inc. and, solely in its capacity as agent thereunder, Lehman Brothers (31)                           |
|           |   |                                                                                                                                                                                                                                    |
| 10.39          |   | Letter Agreement, Confirming OTC Warrant transaction, dated June 19, 2007, among the Company, Merrill Lynch International and, solely in its capacity as agent thereunder, Merrill Lynch, Pierce, Fenner & Smith Incorporated (31)  |
|           |   |                                                                                                                                                                                                                                    |
| 10.40          |   | Letter Agreement, Confirming OTC Warrant Transaction, dated June 19, 2007, among the Company, Lehman Brothers OTC Derivatives Inc. and, solely in its capacity as agent thereunder, Lehman Brothers (31)                                |
|           |   |                                                                                                                                                                                                                                    |
| 10.41          |   | Escrow Agreement dated September 6, 2007 by and between the Company, Ben Kraner, on behalf of the Sellers, as each Seller’s authorized attorney-in-fact, and U.S. Bank National Association, as escrow agent (32)                 |
|           |   |                                                                                                                                                                                                                                    |
| 10.42          |   | Note and Security Agreement dated November 7, 2007 made by Artful Holdings, LLC in favor of the Company (33)                                                                                                                            |
|           |   |                                                                                                                                                                                                                                    |
| 10.43          |   | Restricted Stock Grant Agreement dated February 19, 2008 between the Company and Neil Cole (42)*                                                                                                                                        |
|           |   |                                                                                                                                                                                                                                    |
| 10.44          |   | Restricted Stock Performance Unit Agreement dated February 19, 2008 between the Company and Neil Cole (42)*                                                                                                                             |
|           |   |                                                                                                                                                                                                                                    |
| 10.45          |   | Lease dated as of November 12, 2007 with respect to the Company’s Executive Offices (42)                                                                                                                                          |
|           |   |                                                                                                                                                                                                                                    |
| 10.46          |   | Iconix Brand Group, Inc. Executive Incentive Bonus Plan (35)                                                                                                                                                                            |
|           |   |                                                                                                                                                                                                                                    |
| 10.47          |   | Transition Services Agreement between the Company and David Conn (38)                                                                                                                                                                   |
|           |   |                                                                                                                                                                                                                                    |
| 10.48          |   | Employment Agreement dated November 11, 2008 between the Company and Andrew Tarshis (40)*                                                                                                                                               |
|           |   |                                                                                                                                                                                                                                    |
| 10.49          |   | Employment Agreement dated November 11, 2008 between the Company and Warren  Clamen (40)*                                                                                                                                          |
|           |   |                                                                                                                                                                                                                                    |
| 10.50          |   | Agreement dated  May  2008 between the Company and Neil Cole.(36)*                                                                                                                                                            |
|           |   |                                                                                                                                                                                                                                    |
| 10.51          |   | Agreement dated December 24, 2008 between the Company and Neil Cole (41)*                                                                                                                                                               |
|           |   |                                                                                                                                                                                                                                    |
| 10.52          |   | Form of restricted stock agreement under the 2009 Equity Incentive Plan* (48)                                                                                                                                                           |
|           |   |                                                                                                                                                                                                                                    |
| 10.53          |   | Form of stock option agreement under the 2009 Equity Incentive Plan* (48)                                                                                                                                                               |
|           |   |                                                                                                                                                                                                                                    |
| 10.54          |   | Restricted Stock Performance Unit Agreement with Neil Cole dated September 23, 2009* (48)                                                                                                                                               |
|           |   |                                                                                                                                                                                                                                    |
| 10.55          |   | Restricted Stock Agreement with Warren Clamen dated September 22, 2009* (48)                                                                                                                                                            |

----

| ExhibitNumbers |   | Description                                                                                                                                                                                             |
|----------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|           |   |                                                                                                                                                                                                    |
| 10.56          |   | Restricted Stock Agreement with Andrew Tarshis dated September 22, 2009* (48)                                                                                                                           |
|           |   |                                                                                                                                                                                                    |
| 10.57          |   | Employment Agreement dated November 17, 2009 between the Company and Yehuda Shmidman * (52)                                                                                                             |
|           |   |                                                                                                                                                                                                    |
| 10.58          |   | Employment Agreement dated February 26, 2009 between the Company and David Blumberg* (52)                                                                                                               |
|           |   |                                                                                                                                                                                                    |
| 10.59          |   | Restricted Stock Agreement with David Blumberg dated September 22, 2009* (52)                                                                                                                           |
|           |   |                                                                                                                                                                                                    |
| 10.60          |   | Lease dated as of December 30, 1994, including amendments dated November 30, 1996, September 26, 2003, and December 23, 2004, with respect to the Company’s office at 200 Madison Avenue  ++ |
|           |   |                                                                                                                                                                                                    |
| 21             |   | Subsidiaries of the Company ++                                                                                                                                                                          |
|           |   |                                                                                                                                                                                                    |
| 23             |   | Consent of BDO USA, LLP ++                                                                                                                                                                              |
|           |   |                                                                                                                                                                                                    |
| 31.1           |   | Certification of Chief Executive Officer Pursuant To Rule 13a-14 Or 15d-14 Of The Securities Exchange Act Of 1934, As Adopted Pursuant To Section 302 Of The Sarbanes-Oxley Act Of 2002 +++             |
|           |   |                                                                                                                                                                                                    |
| 31.2           |   | Certification of Principal Financial Officer Pursuant To Rule 13a-14 Or 15d-14 Of The Securities Exchange Act Of 1934, As Adopted Pursuant To Section 302 Of The Sarbanes-Oxley Act of 2002 +++         |
|           |   |                                                                                                                                                                                                    |
| 32.1           |   | Certification of Chief Executive Officer Pursuant To 18 U.S.C. Section 1350, As Adopted Pursuant To Section 906 Of The Sarbanes-Oxley Act of 2002 ++                                                    |
|           |   |                                                                                                                                                                                                    |
| 32.2           |   | Certification of Principal Financial Officer Pursuant To 18 U.S.C. Section 1350, As Adopted pursuant To Section 906 Of The Sarbanes-Oxley Act Of 2002 ++                                                |

| 99.1   |   | Note Purchase Agreement by and among IP Holdings LLC, the Company and Mica Funding, LLC, dated April 11, 2006 (26)+                      |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                     |
| 99.2   |   | Note Purchase Agreement by and among IP Holdings LLC, the Company and Mica Funding, LLC, dated August 28, 2006 (7)+                      |
|   |   |                                                                                                                                     |
| 99.3   |   | Agreement for Creative Director Services dated as of October 31, 2006 by and among the Company, Mossimo, Inc. and Mossimo Giannulli (11) |
|   |   |                                                                                                                                     |

| (1) | Filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ended October 31, 2004 and incorporated by reference herein. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Filed as an exhibit to the Company's Current Report on Form 8-K for the event dated July 22, 2005 and incorporated by reference herein. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Filed as an exhibit to the Company's Current Report on Form 8-K for the event dated September 16, 2005 and incorporated by reference herein. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------|

----

| (4) | Filed as an exhibit to the Company's Current Report on Form 8-K for the event dated March 31, 2006 (SEC accession No. 0000950117-06-001668) and incorporated by reference herein. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | Filed as an exhibit to the Company's Current Report on Form 8-K for the event dated March 31, 2006 (SEC accession No. 0000950117-06-001669) and incorporated by reference herein. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2006 and incorporated by reference herein. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | Filed as an exhibit filed to the Company's Current Report on Form 8-K for the event dated August 28, 2006 and incorporated by reference herein. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------|

| (8) | Filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2007 and incorporated by reference herein. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------|

| (9) | Filed as an exhibit to the Company’s Current Report on Form 8-K for the event dated January 28, 2008 and incorporated by reference herein. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------|

| (10) | Filed as an exhibit to the Company’s Current Report on Form 8-K for the event dated January 26, 2000 and incorporated by reference herein. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------|

| (11) | Filed as an exhibit to the Company’s Current Report on form 8-K for the event dated October 31, 2006 (SEC accession no. 0001144204-06-045497) and incorporated by reference herein. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (12) | Filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended October 31, 1997 and incorporated by reference herein. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| (13) | Filed as Exhibit A to the Company’s definitive Proxy Statement dated July 18, 2000 as filed on Schedule 14A and incorporated by reference herein. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

| (14) | Filed as an exhibit to the Company’s Annual Report on Form 10-K for the year ended January 31, 2002 and incorporated by reference herein. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------|

| (15) | Filed as Exhibit B to the Company’s definitive proxy statement dated May 28, 2002 as filed on Schedule 14A and incorporated by reference herein. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

| (16) | Filed as Appendix B to the Company’s definitive Proxy Statement dated July 2, 2001 as filed on Schedule 14A and incorporated by reference herein. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

| (17) | Filed as an exhibit to the Company’s Annual Report on Form 10-K for the year ended January 31, 2003 and incorporated by reference herein. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (18) | Filed as an exhibit to the Company’s Transition Report on Form 10-K for the transition period from February 1, 2004 to December 31, 2004 and incorporated by reference herein. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (19) | Intentionally omitted. |
|------|------------------------|

| (20) | Filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended October 31, 2002 and incorporated by reference herein. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| (21) | Intentionally omitted. |
|------|------------------------|

| (22) | Intentionally omitted. |
|------|------------------------|

| (23) | Intentionally omitted. |
|------|------------------------|

| (24) | Filed as an exhibit to the Company's Current Report on Form 8-K for the event dated September 22, 2006 and incorporated by reference herein. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------|

| (25) | Filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2006 and incorporated by reference herein. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------|

| (26) | Filed as an exhibit to the Company's Current Report on Form 8-K for the event dated April 11, 2006 and incorporated by reference herein. |
|------|------------------------------------------------------------------------------------------------------------------------------------------|

| (27) | Filed as an exhibit to the Company's Current Report on Form 8-K for the event dated October 31, 2006 (SEC accession no. 0001144204-06-0455507) and incorporated by reference herein. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (28) | Filed as an exhibit to the Company's Current Report on Form 8-K for the event dated March 9, 2007 and incorporated by reference herein. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------|

| (29) | Filed as an exhibit to the Company's Current Report on Form 8-K for the event dated March 30, 2007 and incorporated by reference herein. |
|------|------------------------------------------------------------------------------------------------------------------------------------------|

| (30) | Filed as an exhibit to the Company's Current Report on Form 8-K for the event dated May 1, 2007 and incorporated by reference herein. |
|------|---------------------------------------------------------------------------------------------------------------------------------------|

| (31) | Filed as an exhibit to the Company's Current Report on Form 8-K for the event dated June 14, 2007 and incorporated by reference herein. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------|

| (32) | Filed as an exhibit to the Company's Current Report on Form 8-K for the event dated October 3, 2007 and incorporated by reference herein. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------|

| (33) | Filed as an exhibit to the Company's Current Report on Form 8-K for the event dated November 7, 2007 and incorporated by reference herein. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------|

----

| (34) | Filed as an exhibit to the Company's Current Report on Form 8-K for the event dated December 17, 2007 and incorporated by reference herein. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------|

| (35) | Filed as Annex B to the Company’s Definitive Proxy Statement on Schedule 14A filed with the SEC on April 7, 2008 and incorporated by reference herein. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (36) | Filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2008 and incorporated by reference herein. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------|

| (37) | Filed as an exhibit to the Company’s Current Report on Form 8-K for the event dated July 31, 2008 and incorporated by reference herein. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------|

| (38) | Filed as an exhibit to the Company’s Current Report on Form 8-K for the event dated August 13, 2008 and incorporated by reference herein. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------|

| (39) | Filed as an exhibit to the Company’s Current Report on Form 8-K for the event dated September 29, 2008 and incorporated by reference herein. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------|

| (40) | Filed as an exhibit to the Company’s Current Report on Form 8-K for the event dated November 11, 2008 and incorporated by reference herein. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------|

| (41) | Filed as an exhibit to the Company’s Current Report on Form 8-K for the event dated December 24, 2008 and incorporated by reference herein. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------|

| (42) | Filed as an exhibit to the Company’s Annual Report on Form 10-K for the period ended December 31, 2007 and incorporated by reference herein. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------|

| (43) | Intentionally omitted. |
|------|------------------------|

| (44) | Filed as an exhibit to the Company’s Current Report on Form 8-K for the event dated June 2, 2006 and incorporated by reference herein. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------|

| (45) | Filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2005 and incorporated by reference herein. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------|

| (46) | Filed as an exhibit to the Company’s Current Report on Form 8-K for the event dated October 30, 2009 and incorporated herein by reference. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------|

| (47) | Filed as an exhibit to the Company’s Current Report on Form 8-K for the event dated May 4, 2009 and incorporated herein by reference. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------|

----

| (48) | Filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2009 and incorporated herein by reference. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

| (49) | Filed as Annex A to the Company’s Definitive Proxy Statement on Schedule 14A filed with the SEC on June 29, 2009 and incorporated by reference herein. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (50) | Filed as an exhibit to the Company’s Current Report on Form 8-K for the event dated March 9, 2010 and incorporated by reference herein. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------|

| (51) | Filed as an exhibit to the Company’s Current Report on Form 8-K for the event dated April 26, 2010 and incorporated by reference herein. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------|

| (52) | Filed as an exhibit to the Company’s Report on Form 10-K for the year ended December 31, 2009 and incorporated by reference herein. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------|

----