Document:

Exhibit 10.1

                            ASTRO DIAMOND MINES N.L.

                                     Vendor

                                       and

                       LEGEND INTERNATIONAL HOLDINGS INC.

                                    Purchaser

                              CONTRACT FOR THE SALE
                               OF MINING TENEMENTS

<PAGE>

THIS DEED is dated 3 March 2006

BETWEEN:

ASTRO DIAMOND MINES N.L. of PO Box 6315 St Kilda Road Central, Melbourne,
Victoria 8008 ACN 007 090 904 ("Vendor")

AND

LEGEND INTERNATIONAL HOLDINGS INC. of Level 8, 580 St Kilda Road, Melbourne,
Victoria ("Purchaser")

RECITALS:

A.   The Vendor is the registered holder and beneficial owner of the interest in
     the Tenements hereinafter defined.

B.   The Vendor has agreed to sell and the Purchaser has agreed to purchase the
     interest of the Vendor in the Tenements on the terms and conditions set out
     below.

NOW THIS DEED WITNESSES

1)   Definitions

a)   In this Agreement, unless the context otherwise requires:-

     "Conditions" means the conditions set out in clause 3.1;

     "Encumbrance" includes a mortgage, charge, bill of sale, lien, pledge,
     plaint, writ, warrant, caveat or any other interest, right, claim or demand
     whatsoever;

     "Interest" means the interest of the Vendor in the Tenements, as set out in
     Schedule 1.

     "Mines Department" means the Department of Primary Industry, Fisheries &
     Mines, Northern Territory;

     "Mining Act" means the Mining Act of the Northern Territory and all
     regulations made thereunder;

     "Mining Information" means:-

     i)   all surveys, maps, plans and diagrams of the Tenements and the
          adjacent areas;

     ii)  all drill samples and cores, drilling locations and drilling logs from
          drilling conducted on the Tenements or the adjacent areas;

     iii) all assay reports and geological, geochemical and geophysical samples
          and reports of or with respect to ores extracted from or located upon
          the Tenements or the adjacent areas;

<PAGE>

     iv)  all mining and metallurgical and feasibility studies with respect to
          the Tenements or the adjacent areas; and

     v)   all papers, notes, advices and reports extracted or compiled from or
          based upon the documents and things referred to above and all other
          data, specifications, records (in whatever form), reports, accounts
          and other documents or things and knowledge (whether reduced to
          writing or not ) relating to the Tenements or the adjacent areas;

     owned by or in the possession of the Vendor;

     "Minister" means the minister from time to time charged with the
     administration of the Mining Act;

     "Purchase Price" means the sum of one million five hundred thousand
     Australian dollars (AUD$1,500,000);

     "Schedule" means a schedule to this Agreement;

     "Settlement" means the completion by the Vendor and the Purchaser of the
     sale and purchase of the Interest as contemplated by this Agreement and
     shall take place on the Settlement Date;

     "Settlement Date" means the date upon which Settlement occurs;

     "Tenements" means each of the mining tenements listed in Schedule 1 and
     includes any mining tenements applied for or granted at any time in respect
     of all or any part or parts of the area the subject of those mining
     tenements or any of them.

2)   Sale and Purchase

a)   The Vendor hereby agrees to sell as beneficial owner and the Purchaser
     hereby agrees to purchase, free from all Encumbrances, the Interest, for
     the consideration and otherwise upon and subject to the terms and
     conditions set out in this Agreement.

b)   The Settlement Date shall be the date three (3) months after approval by
     shareholders of the Vendor of the sale of the Interest as set out in Clause
     3.1(2).

c)   As consideration for the purchase of the Interest, the Purchaser shall pay
     to the Vendor the Purchase Price by bank cheque.

d)   The Purchaser shall lodge this Agreement for assessment of stamp duty if
     applicable.

e)   No less than seven (7) days prior to the Settlement Date, the Purchaser
     shall deliver to the Vendor forms of transfer of the Interest in a form
     registrable at the Mines Department, executed by the Purchaser
     ("Transfers").

f)   On the Settlement Date, the Purchaser shall pay to the Vendor the Purchase
     Price payable pursuant to clause 2.3.

<PAGE>

g)   Representatives of the Vendor and the Purchaser shall on the Settlement
     Date, or as soon as practicable after stamped Transfers of the Interest are
     available, attend at the Mines Department to lodge the Transfers for
     registration.

h)   The Vendor shall on the Settlement Date deliver and provide all Mining
     Information to the Purchaser.

i)   Settlement shall take place on the Settlement Date at the offices of the
     Vendor.

j)   The Vendor shall pay all rent relating to any of the Tenements and council
     rates, royalties, utility charges or other outgoings chargeable or payable
     with respect to any of the Tenements up to the Settlement Date from which
     date the Purchaser shall pay the same and in the event that any such
     outgoings are payable in respect of a certain period and the Settlement
     Date falls during that period, then such outgoings shall be apportioned
     between the Vendor and the Purchaser on the basis that the Vendor pays all
     such outgoings for the period prior to and including the Settlement Date
     and the Purchaser pays the outgoings in respect of the priod after the
     Settlement Date.

k)   Title and risk in the Interest will pass to the Purchaser upon Settlement.
     The Vendor as lessee or licensee as the case may be of the Tenements
     assigns to the Purchaser all of its estate, title and interest in the
     Tenements and the Purchaser agrees to assume and discharge all of the
     obligations and liabilities attaching to the Tenements.

3)   Conditions

a)   This Agreement is conditional upon:-

     i)   the Minister, or an officer of the Mines Department acting with the
          authority of the Minister, consenting in writing to the sale of the
          Interest hereunder as contemplated hereunder;

     ii)  the approval of shareholders of the Vendor pursuant to the ASX Listing
          Rules of the sale of the Interest as contemplated hereunder if
          required;

     (3)  the Purchaser having conducted all such reasonable enquiries required
          to satisfy itself as to the status and nature of the Interest and the
          interest of the Vendor therein.

b)   Condition 3.1.2 is included solely for the benefit of the Purchaser and the
     Purchaser, in its absolute discretion, may at any time waive that Condition
     in whole or in part by notice in writing to the Vendor and condition 3.1.3
     may be waived in writing by the Vendor and the Purchaser respectively if it
     is determined by the ASX that shareholder approvals are not required. All
     other Conditions may be waived by agreement in writing by the Vendor and
     the Purchaser.

<PAGE>

c)   Each of the parties shall use their best endeavours to procure that the
     Conditions are satisfied as soon as practicable after the date of execution
     of this Agreement, and the parties hereto agree that the Purchaser shall
     apply for the consent referred to in Condition 1 as soon as practicable
     after execution of this Agreement.

d)   In the event that any of the Conditions are not satisfied or waived within
     60 days of the date of this Agreement, or such later date as the parties
     may agree, this Agreement may be terminated by notice by either party to
     the other and upon termination this Agreement, except for this clause,
     shall be of no further force or effect but without affecting liability for
     breach of this Agreement arising before the date of termination.

4)   Vendor's Warranties

The Vendor hereby warrants to the Purchaser with the intention that such
warranties shall survive settlement hereunder, that:-

     i)   the Vendor is the registered holder and beneficial owner of the
          Interest and will upon the Settlement Date be capable of transferring
          the Interest to the Purchaser free of all Encumbrances;

     ii)  the Vendor is not aware of any litigation or proceedings of any nature
          whatsoever concerning any of the Tenements (including without
          limitation any plaint seeking forfeiture of any of the Tenements)
          pending or threatened against the Vendor or any other person which may
          defeat, impair, detrimentally affect or reduce the right, title and
          interest of the Vendor in any of the Tenements or the interest therein
          expressed to be sold to the Purchaser under this Agreement;

     iii) each of the Tenements is of full force and effect and in good standing
          and not liable to forfeiture for any reason;

     iv)  there are not or will not on the Settlement Date be any agreements
          affecting the Tenements;

     v)   there is not in existence any current compensation agreement with the
          owner or occupier of any land which is subject to any of the
          Tenements;

     vi)  the Vendor has corporate power to own, sell and assign the Tenements
          and to bind itself in the manner contemplated by this Agreement and to
          execute, deliver and perform this Agreement;

     vii) the Vendor has not granted, (and will not have granted at the date
          Settlement is effected) to any person, firm or corporation any rights
          to own or possess any interest or any rights to explore or prospect
          for minerals or to mine the same in any part of the Tenements (or any
          of them);

     viii) all Mining Information has been disclosed to the Purchaser.

     (9)  All debts, liabilities or obligations that arise prior to the
          Settlement Date in respect of the Interest shall be the sole and
          exclusive responsibility of the Vendor.

<PAGE>

5)   Vendor's Covenants

a)   The Vendor hereby covenants and agrees with the Purchaser that until the
     Settlement Date it shall comply with, observe and perform all the
     requirements and provisions which attach to each of the Tenements and of
     the Mining Act and any other statutes insofar as they apply to any of the
     Tenements and shall, without limiting the generality of the foregoing:-

     i)   do all things necessary to keep each Tenement in good standing and
          free from all Encumbrances or liability to forfeiture or non-renewal;

     ii)  pay all fees, rents, rates and other sums levied or assessed on or in
          connection with any of the Tenements;

     iii) comply with all the expenditure and work conditions relating to each
          of the Tenements;

     iv)  forthwith upon receipt from the Department of Mines, the Minister or
          from any Warden, Court or other body deliver to the Purchaser copies
          of any notices or other documents received in respect of any of the
          Tenements; and

     v)   not make, execute or enter into any agreement with respect to the land
          the subject of the Tenements or part thereof.

b)   If requested by the Purchaser at any time or from time to time, whether
     before or after the Settlement Date, the Vendor shall execute all such
     notices, applications, assignments, transfers and documents and do all such
     matters, acts and things as may in the Purchaser's reasonable opinion be
     necessary or desirable for the purpose of giving full effect to this
     Agreement or for the purposes of protecting or maintaining any of the
     Tenements including without limitation assisting in the defence of plaints
     for forfeiture in respect of any of the Tenements and giving evidence in
     relation to any legal proceedings in respect of any of the Tenements. The
     cost in relation to all such matters shall be borne as agreed between the
     parties.

6)   Possession

     Subject to the Mining Act the Purchaser shall be entitled to possession of
     the Interest as and from the Settlement Date.

7)   Caveats and Registration

     The Purchaser may register this Agreement as a dealing in respect of each
     Tenement and may lodge such caveats as it thinks fit to protect its
     interest under this Agreement and the Vendor hereby agrees that during the
     continuance of this Agreement the Vendor will not take any steps to remove
     such caveats.

8)   Default

a)   Subject to Clause 8.2 of this Agreement, time shall be of the essence of
     this Agreement in all respects but neither the Vendor nor the Purchaser
     shall be entitled to terminate this Agreement on the ground of the other's
     default in performing or observing any obligation imposed on that other
     party under the contract;

<PAGE>

     unless

     (1)  the party not in default has first given to the party in default a
          written notice specifying the default complained of, which notice
          shall require that the default be remedied within 14 days; and

     (2)  the party in default fails to remedy the default within such 14 days.

     The giving of a notice under this clause does not prejudice the right of
     either party to give a further notice under this clause and this clause
     shall not apply where either party expressly repudiates this Agreement.

b)   If the Purchaser does not pay to the Vendor the Purchase Price by the
     Settlement Date, then unless agreed otherwise by the Parties, this
     Agreement terminates at 5pm on the Settlement Date.

9)   Confidentiality

a)   The terms of this Agreement, and of negotiations leading to the execution
     of this Agreement not in the public domain shall be confidential during the
     term of the Agreement. The terms of this Agreement will not be disclosed by
     a Party without the written consent of the other Parties. The consent shall
     be given or denied promptly but shall not be unreasonably withheld. The
     information may be furnished without consent by a Party to:

     i)   a Related Corporation;

     ii)  any State or Federal Government having lawful jurisdiction over a
          Party;

     iii) any stock exchange on which shares or other securities of the Party or
          a Related Corporation are listed when required by regulations of that
          stock exchange provided that the Parties shall use their best
          endeavours to agree on the wording of any statement or announcement to
          the stock exchange;

     iv)  financial and lending institutions or other third parties for the
          purpose of acquiring finance;

     v)   independent consultants and contractors of a Party whose duties in
          relation to the reasonably require such disclosure; and

     vi)  independent accountants or legal counsel engaged by a Party to give
          advice on matters relating to this Agreement.

b)   All the Parties shall use reasonable endeavours to agree on the wording of
     all public announcements and statements including statements to
     shareholders whether contained in an annual report or made at a general
     meeting or otherwise, relative to the subject matter of this Agreement.

10)  General Provisions

<PAGE>

a)   Any notice request election or other communication required to be given by
     one party to another under this Agreement or given by one party to another
     in connection with this Agreement must be in writing, addressed to the
     company secretary of the other party at the following addresses:

     The Vendor
     The Company Secretary
     Astro Diamond Mines NL
     PO Box 6315, St Kilda Road Central, Melbourne, Victoria, 8008
     Facsimile:  (03) 8532 2805

     The Purchaser
     The Secretary
     Legend International Holdings Inc.
     Level 8, 580 St Kilda Road, Melbourne, Victoria, 3004
     Facsimile:  (03) 8532 2881

     or such other address as may be notified in writing from time to time and:

     (1)  delivered to that party's address;

     (2)  sent by prepaid certified post to that party's address; or

     (3)  transmitted by facsimile to that party's facsimile receiver number.

b)   A notice request election or other communication shall be deemed to have
     been duly given and received:

     (1)  if left at the party's address, when delivered;

     (2)  if sent by certified post, 3 days after posting;

     (3)  on the day of transmission, if transmitted by facsimile on a business
          day during normal business hours in the place where the recipients
          address is located, otherwise the next following business day, if a
          correct and complete transmission report for that transmission is
          received from the sender's machine.

     For the purposes of this clause, "business day" means a day when major
     banks are open for business in Victoria, Australia.

c)   This Agreement constitutes the entire contract between the parties with
     regard to the matters dealt with in this Agreement and no representations,
     terms, conditions or warranties not contained in this Agreement shall be
     binding on the parties.

d)   No agreement varying, adding to, deleting from or cancelling this
     Agreement, shall be effective unless reduced to writing and signed by or on
     behalf of the parties.

e)   No indulgence granted by a party shall constitute a waiver of any of that
     party's rights under this Agreement and that party shall not be precluded
     as a consequence of having granted such indulgence from exercising any
     rights against the other party or parties which may have arisen in the past
     or which may arise in the future.

<PAGE>

f)   The provisions of this Agreement shall enure for the benefit of and be
     binding upon the parties and their respective successors and permitted
     assigns.

g)   This Agreement shall be governed by and construed in accordance with the
     laws from time to time in force in Victoria, Australia and the parties
     agree to submit to the jurisdiction of the courts of that State and all
     courts of appeal therefrom.

h)   This Agreement does not create a partnership between the parties.

i)   The Purchaser shall pay all stamp duty assessed on this Agreement, the
     Mortgage and any document executed in pursuance hereof or contemplated
     hereby and all registration fees in connection therewith.

j)   Each party shall bear its own legal costs of and incidental to the
     preparation, negotiation, execution and stamping of this Agreement in
     triplicate.

k)   Each party will do, execute, acknowledge and deliver all and every such
     further act, deeds, agreements, covenants, applications, assignments and
     other assurances as may be necessary or expedient for the purposes of
     giving full effect to the terms and conditions and purposes of this
     Agreement.

l)   No statute, proclamation, order, regulation, by-law or moratorium whether
     present or future shall (unless the application thereof is mandatory by
     law) apply to this Agreement so as to abrogate, extinguish, impair,
     diminish, fetter, delay or otherwise prejudicially affect any rights,
     powers, remedies or discretions of or accruing hereunder to any party.

m)   The parties intend this Agreement to operate and have effect as a Deed but
     in the event that this Agreement or the execution thereof fails to comply
     with any statutory or formal requirement relating to the creation of deeds,
     it is the intention of the parties that this Agreement shall nevertheless
     constitute a legally binding agreement.

n)   Nothing contained in this Agreement shall, unless any intention to the
     contrary is expressly stated, be deemed to constitute or authorise any
     party to act as the agent or representative of any other party or parties
     for any reason or purpose whatsoever. No party shall have any authority to
     act for or to assume any obligation or responsibility on behalf of any
     other party or parties except as otherwise expressly provided herein or by
     other express agreement between the parties.

o)   Notwithstanding anything contained in this deed, the parties acknowledge
     that if a claim to native title exists or is claimed over any part of the
     land the subject of the Tenements no party shall have any claim against any
     other party in respect of any breach of warranty or obligation contained in
     this deed arising from the native title claim.

11)  Interpretation

a)   In this Agreement and subject to any express contrary intention expressed
     herein:-

     i)   singular words include the plural and plural words include the
          singular and neuter words include the masculine and feminine genders
          and words of any gender include the other genders;

<PAGE>

     ii)  words denoting natural persons include natural persons and
          corporations;

     iii) the headings in this Agreement (including headings in the Schedule) do
          not affect the interpretation or construction of this Agreement and
          references to parts, recitals, clauses, paragraphs or schedules by
          letter or number are references to this Agreement;

     iv)  reference to any statute or regulation in this Agreement include a
          reference to that statute or regulation as amended, modified or
          replaced from time to time and reference to a statute includes orders,
          ordinances, regulations, rules and by-laws made under or pursuant to
          that statute;

     v)   the word "day" where used herein refers to a calendar day whether or
          not it is Saturday, Sunday or a Public Holiday (as prescribed by
          Government) provided that any act, matter or thing required herein to
          be done on a Saturday, Sunday or Public Holiday (as prescribed by
          Government) may be done on the next business day when banks are open
          for trading;

     vi)  reference to a party includes a reference to its personal
          representatives, successors and permitted assigns.

<PAGE>

EXECUTED as a Deed on the firstmentioned date.

THE COMMON SEAL of ASTRO
DIAMOND MINES NL was
hereunto affixed by authority of the
Directors in the presence of:

/s/ David Tyrwhitt
----------------------
Director:

/s/ Peter Lee
-------------------
Director/Secretary:

THE COMMON SEAL of LEGEND
INTERNATIONAL HOLDINGS INC.
was hereunto affixed by authority of the
Directors in the presence of:

/s/ David Tyrwhitt
----------------------
Director:

/s/ Peter Lee
-------------------
Director/Secretary:

<PAGE>

                                   SCHEDULE 1
                                    Tenements

------------------------------------------------------------------------
Comp    TenID        Project          Stat          Grant      Interest
------------------------------------------------------------------------
ARO    EL 22244   CALVERT HILLS    Granted        07/03/2003     100%
------------------------------------------------------------------------
ARO    EL 22245   CALVERT HILLS    Granted        07/03/2003     100%
------------------------------------------------------------------------
ARO    EL 22246   CALVERT HILLS    Granted        05/02/2003     100%
------------------------------------------------------------------------
ARO    EL 22247   CALVERT HILLS    Granted        05/02/2003     100%
------------------------------------------------------------------------
ARO    EL 22251   CALVERT HILLS    Granted        24/04/2003     100%
------------------------------------------------------------------------
ARO    EL 22252   CALVERT HILLS    Granted        22/08/2002     100%
------------------------------------------------------------------------
ARO    EL 22294   COX              Application                   100%
------------------------------------------------------------------------
ARO    EL 22295   COX              Granted        05/02/2003     100%
------------------------------------------------------------------------
ARO    EL 22296   COX              Granted        05/02/2003     100%
------------------------------------------------------------------------
ARO    EL 22297   COX              Granted        08/08/2003     100%
------------------------------------------------------------------------
ARO    EL 22298   COX              Granted        24/04/2002     100%
------------------------------------------------------------------------
ARO    EL 22299   COX              Application                   100%
------------------------------------------------------------------------
ARO    EL 22300   COX              Granted        26/09/2002     100%
------------------------------------------------------------------------
ARO    EL 22302   COX              Granted        26/09/2002     100%
------------------------------------------------------------------------
ARO    EL 22351   CALVERT HILLS    Granted        08/08/2003     100%
------------------------------------------------------------------------
ARO    EL 23116   CALVERT HILLS    Granted        03/03/2003     100%
------------------------------------------------------------------------
ARO    EL 23117   CALVERT HILLS    Granted        03/03/2003     100%
------------------------------------------------------------------------
ARO    EL 23118   CALVERT HILLS    Granted        03/03/2003     100%
------------------------------------------------------------------------
ARO    EL 23119   CALVERT HILLS    Granted        03/03/2003     100%
------------------------------------------------------------------------
ARO    EL 23120   CALVERT HILLS    Application                   100%
------------------------------------------------------------------------
ARO    EL 23121   CALVERT HILLS    Granted        03/03/2003     100%
------------------------------------------------------------------------
ARO    EL 23124   COX              Application                   100%
------------------------------------------------------------------------
ARO    EL 23126   COX              Granted        08/08/2003     100%
------------------------------------------------------------------------
ARO    EL 23127   COX              Application                   100%
------------------------------------------------------------------------
ARO    EL 23162   COX              Application                   100%
------------------------------------------------------------------------
ARO    EL 23510   CALVERT HILLS    Granted        03/03/2003     100%
------------------------------------------------------------------------
ARO    EL 23511   CALVERT HILLS    Granted        03/03/2003     100%
------------------------------------------------------------------------
ARO    EL 23512   CALVERT HILLS    Granted        03/03/2003     100%
------------------------------------------------------------------------
ARO    EL 23513   CALVERT HILLS    Granted        03/03/2003     100%
------------------------------------------------------------------------
ARO    EL 23514   CALVERT HILLS    Granted        03/03/2003     100%
------------------------------------------------------------------------
ARO    EL 23515   CALVERT HILLS    Granted        04/07/2003     100%
------------------------------------------------------------------------Exhibit 10.1

                                SENIOR EXECUTIVE
                              EMPLOYMENT AGREEMENT

     THIS SENIOR EXECUTIVE EMPLOYMENT AGREEMENT (the "Agreement") is to be
effective as of March 6, 2006 by and between DECKERS OUTDOOR CORPORATION, a
Delaware corporation (the "Company"), and ZOHAR ZIV (the "Executive").

                                    ARTICLE I
                                 DUTIES AND TERM

          1.1 EMPLOYMENT. In consideration of their mutual covenants,
Executive's continued employment with the Company and other good and valuable
consideration, the receipt, adequacy, and sufficiency of which is hereby
acknowledged, the Company agrees to enter into this Agreement with the
Executive, who is currently being hired as an employee of the Company on an "at
will" basis, and the Executive agrees to enter into this Agreement upon the
terms and conditions herein provided and in accordance with all applicable
employment rules of the Company.

          1.2 POSITION AND RESPONSIBILITIES. The Executive will serve as Chief
Financial Officer and Executive Vice President of Finance and Administration,
and will report to the Chief Executive Officer and President. The Executive will
be elected the Chief Financial Officer of the Company upon the resignation of
the Company's existing Chief Financial Officer.

          1.3 TERM. The term of the Executive's employment under this Agreement
will commence on the effective date of this Agreement as first written above and
will continue, unless sooner terminated, until December 31, 2008. Employment of
the Executive is at will and will continue until such time as written notice of
termination is given by the Company or written notice is given by the Executive.

          1.4 AT-WILL EMPLOYMENT. Executive will continue to be employed as an
at-will employee of the Company. Subject to the provisions of Articles III and
IV, as an at-will employee, Executive is free to terminate his employment with
the Company at any time, for any reason, and the Company has the similar right
to terminate Executive's employment at any time, for any reason. Although the
Company may choose to terminate Executive's employment for cause, Executive's
employment is at-will and cause is not required.

          1.5 REVIEW OF AGREEMENT. It is the parties intention that the terms of
this Agreement will be reviewed prior to December 31, 2008 to determine whether
any modifications are appropriate. This review of the Agreement terms may occur
at an earlier or later date, is not mandatory and does not impose any binding
obligations on either party.

                                      -1-
<PAGE>

                                   ARTICLE II
                                  COMPENSATION

     For all services rendered by the Executive in any capacity during the
Executive's employment under this Agreement, the Company will compensate the
Executive as follows:

          2.1 BASE SALARY. Effective as of March 6, 2006, the Company will pay
to the Executive an annual base salary of THREE HUNDRED THOUSAND DOLLARS
($300,000) to be paid in equal installments in accordance with the Company's
general payment policies in effect during the term hereof (the "Base Salary").
Executive's annual base salary may be reviewed prior to December 31, 2008 and
appropriate increases to salary implemented. If Executive's annual base salary
is not revised effective January 1, 2009, his existing salary will continue on a
monthly basis until changed. This provision does not alter the at-will nature of
Executive's employment or the provisions of Articles III and IV below.

          2.2 INCENTIVE BONUS. The Executive shall be eligible to receive a
targeted annual bonus based on performance criteria established annually by the
Compensation Committee (the "Incentive Bonus"). The Incentive Bonus criteria for
the year ending December 31, 2006 is set forth on Exhibit A hereto.

          2.3 STOCK COMPENSATION. The Executive may be granted options to
purchase shares of Company Common Stock or Restricted Stock Units to purchase
shares of Company Common Stock in accordance with the Company's Stock Option
Plan. Any grants must be approved by the Compensation Committee. The Common
Stock subject to the RSU's are currently registered with the Securities and
Exchange Commission on form S-8.

          2.4 SIGNING INCENTIVE. The Executive will be granted FOURTEEN THOUSAND
FIVE HUNDRED (14,500) RSU's as an employment incentive that will not be subject
to performance measures and will vest quarterly equally between the third and
fourth anniversaries of employment, or upon termination by the Company of the
Executive, "without Cause," or by the Executive for "Good Reason," as
hereinafter defined, whichever comes first. The date these shares will be
effective will correspond with the date the Executive is elected Chief Financial
Officer by the Company's Board of Directors.

          2.5 ADDITIONAL BENEFITS. The Executive will be entitled to participate
in all benefit and welfare programs, plans, and arrangements that are from time
to time made available to the Company's like-level executive employees.

          2.6 DIRECTORS AND OFFICERS INSURANCE; INDEMNIFICATION AGREEMENT. The
Executive will be insured under the Company's Directors and officers insurance
and will be provided the Company's standard Indemnification Agreement.

                                      -2-
<PAGE>

                                   ARTICLE III
                            TERMINATION OF EMPLOYMENT

          3.1 GENERAL. While Executive is an at-will employee as provided at
Section 1.3 above, the following conditions for termination of employment are
set forth in order to determine the nature of Executive compensation entitlement
upon termination of employment as discussed in Article IV below. Neither the
provisions of Article III or Article IV of this Agreement shall alter the
at-will nature of Executive's employment with the Company.

          3.2 DEATH OR RETIREMENT OF EXECUTIVE. The Executive's employment under
this Agreement will automatically terminate upon the death or Retirement (as
defined in Section 6.1) of the Executive.

          3.3 BY EXECUTIVE. The Executive may terminate the Executive's
employment under this Agreement by giving Notice of Termination (as defined in
Section 6.1 hereof) to the Company:

               (a) for Good Reason (as defined in Section 6.1 hereof); and

               (b) at any time without Good Reason.

          3.4 BY COMPANY. The Company may terminate the Executive's employment
under this Agreement by giving Notice of Termination to the Executive:

               (a) in the event of Executive's Total Disability (as defined in
          Section 6.1 hereof);

               (b) for Cause (as defined in Section 6.1 hereof); and

               (c) at any time without Cause.

                                   ARTICLE IV
                   COMPENSATION UPON TERMINATION OF EMPLOYMENT

     If the Executive's employment hereunder is terminated, in accordance with
the provisions of Article III hereof, and except for any other rights or
benefits specifically provided for herein to be effective following the
Executive's period of employment, the Company will provide compensation and
benefits to the Executive only as follows:

          4.1 UPON TERMINATION FOR DEATH OR DISABILITY. If the Executive's
employment hereunder is terminated by reason of the Executive's death or Total
Disability, the Company will:

                                      -3-
<PAGE>

               (a) pay the Executive (or the Executive's estate) or
          beneficiaries any Base Salary that has accrued but was not paid as of
          the termination date (the "Accrued Base Salary");

               (b) pay the Executive (or the Executive's estate) or
          beneficiaries for unused vacation days accrued as of the termination
          date in an amount equal to the Executive's Base Salary multiplied by a
          fraction the numerator of which is the number of accrued unused
          vacation days and the denominator of which is 260 (the "Accrued
          Vacation Payment");

               (c) reimburse the Executive (or the Executive's estate) or
          beneficiaries for expenses incurred by him prior to the date of
          termination that are subject to reimbursement pursuant to this
          Agreement (the "Accrued Reimbursable Expenses");

               (d) provide to the Executive (or the Executive's estate) or
          beneficiaries any accrued and vested benefits required to be provided
          by the terms of any Company-sponsored benefit plans or programs (the
          "Accrued Benefits"), together with any benefits required to be paid or
          provided in the event of the Executive's death or Total Disability
          under applicable law;

               (e) pay the Executive (or the Executive's estate) or
          beneficiaries any Incentive Bonus with respect to a prior fiscal year
          that has accrued but has not been paid (the "Accrued Incentive
          Bonus"); and

               (f) the Executive (or the Executive's estate) or beneficiaries
          shall have the right to exercise all vested unexercised stock options
          and RSU's outstanding at the termination date in accordance with terms
          of the plans and agreements pursuant to which options or RSU's were
          issued.

          4.2 UPON TERMINATION BY COMPANY FOR CAUSE OR BY EXECUTIVE WITHOUT GOOD
REASON. If the Executive's employment is terminated by the Company for Cause, or
if the Executive terminates the Executive's employment with the Company other
than (x) upon the Executive's death or Total Disability or (y) for Good Reason,
the Company will:

               (a) pay the Executive the Accrued Base Salary;

               (b) pay the Executive the Accrued Vacation Payment;

               (c) pay the Executive the Accrued Reimbursable Expenses;

               (d) pay the Executive the Accrued Benefits, together with any
          benefits required to be paid or provided under applicable law;

               (e) pay the Executive any Accrued Incentive Bonus; and

                                      -4-
<PAGE>

               (f) the Executive will have the right to exercise vested options
          and warrants in accordance with Section 4.1(f) hereof.

          4.3 UPON TERMINATION BY THE COMPANY WITHOUT CAUSE OR BY EXECUTIVE FOR
GOOD REASON. If the Executive's employment is terminated by the Company without
Cause or by the Executive for Good Reason, the Company will:

               (a) pay the Executive the Accrued Base Salary;

               (b) pay the Executive the Accrued Vacation Payment;

               (c) pay the Executive the Accrued Reimbursable Expenses;

               (d) pay the Executive the Accrued Benefits, together with any
          benefits required to be paid or provided under applicable law;

               (e) pay the Executive any Accrued Incentive Bonus;

               (f) pay the Executive severance, commencing on the thirtieth
          (30th) day following the termination date, of twelve (12) monthly
          payments equal to one-twelfth (1/12th) of the Executive's Annual Base
          Salary in effect immediately prior to the time such termination
          occurs. Severance will be mitigated on a dollar for dollar basis for
          any income received by Executive for duties performed for Company or
          any third party during the twelve (12) months following termination.
          The severance payment required under this subsection shall be
          conditioned upon the Executive confirming the release in Section 5.2
          hereof; and

               (g) maintain in full force and effect, for the Executive's and
          the Executive's eligible beneficiaries, until the first to occur of
          (x) the Executive's attainment of alternative employment if such
          employment includes health insurance benefits and meets the new
          employer's eligibility requirements for benefits or (y) the twelve
          (12) month anniversary of termination of employment, the benefits
          provided pursuant to Company-sponsored benefit plans, programs, or
          other arrangements in which the Executive was entitled to participate
          as a full-time employee immediately prior to such termination in
          accordance with Section 2.5 hereof, subject to the terms and
          conditions of participation as provided under the general terms and
          provisions of such plans, programs, and arrangements, or in the
          alternate, the Company will arrange to provide the Executive with
          continued benefits substantially similar to those which the Executive
          would have been entitled to receive under such plans, programs, and
          arrangements; This does not reduce the Executive's right to COBRA.

               (h) the Executive shall have the right to exercise vested options
          and RSU's in accordance with Section 4.1(f) and any other incentive
          plans (i.e. Long Term Incentive Plan).

                                      -5-
<PAGE>

          4.4 UPON CHANGE OF CONTROL AND TERMINATION BY THE COMPANY WITHOUT
CAUSE OR BY EXECUTIVE FOR GOOD REASON. If the Executive's employment is
terminated within two (2) years of a Change of Control by the Company without
Cause or by the Executive for Good Reason, the Company will:

               (a) pay the Executive the Accrued Base Salary;

               (b) pay the Executive the Accrued Vacation Payment;

               (c) pay the Executive the Accrued Reimbursable Expenses;

               (d) pay the Executive the Accrued Benefits, together with any
          benefits required to be paid or provided under applicable law;

               (e) pay the Executive any Accrued Incentive Bonus; plus the
          pro-rata Incentive Bonus based on actual performance for the year of
          termination.

               (f) pay the Executive severance of two (2) times Executive's
          Annual Base Salary in effect immediately prior to the time such
          termination occurs plus the greater of (x) two (2) times the targeted
          Incentive Bonus immediately prior to the time such termination occurs
          or (y) two (2) times the average actual Incentive Bonus for the
          previous three (3) years, whichever is greater. The severance payment
          required under this subsection shall be conditioned upon the Executive
          confirming the release in Section 5.2 hereof;

               (g) maintain in full force and effect, for the Executive's and
          the Executive's eligible beneficiaries, until the first to occur of
          (x) the Executive's attainment of alternative employment if such
          employment includes health insurance benefits and meets the new
          employer's eligibility requirements for benefits or (y) the twelve
          (12) month anniversary of termination of employment, the benefits
          provided pursuant to Company-sponsored benefit plans, programs, or
          other arrangements in which the Executive was entitled to participate
          as a full-time employee immediately prior to such termination in
          accordance with Section 2.5 hereof, subject to the terms and
          conditions of participation as provided under the general terms and
          provisions of such plans, programs, and arrangements, or in the
          alternate, the Company will arrange to provide the Executive with
          continued benefits substantially similar to those which the Executive
          would have been entitled to receive under such plans, programs, and
          arrangements; This does not reduce the Executive's right to COBRA.

               (h) any payments will be grossed up for Internal Revenue Code
          Section 280G excise tax penalty on "excess parachute payments;" and

               (i) the Executive shall have the right to exercise vested options
          and RSU's in accordance with Section 4.1(f) and any other incentive
          plans.

                                      -6-
<PAGE>

               (j) the Executive's FOURTEEN THOUSAND FIVE HUNDRED (14,500) RSU's
          for a signing incentive will immediately vest.

                                    ARTICLE V
                              ADDITIONAL AGREEMENTS

          5.1 OTHER AGREEMENTS. As further material consideration for the
Company entering into this Agreement, the Executive will also execute the
Company's standard employee confidentially agreement, inventions assignment
agreement, and any other agreements required to be executed by all like level
executives of the Company.

          5.2 EMPLOYEE'S RESTRICTIVE COVENANTS UPON TERMINATION. If the
Executive's employment is terminated for any reason, Executive agrees:

               (a) To keep all of the Company's Confidential Information
          confidential in perpetuity in accordance with the Company's policy;

               (b) To not hire or solicit for hire or consultation employees of
          the Company for a period of one and one-half (1 1/2) years after
          termination of employment; and

               (c) To release the Company from any and all claims, whether known
          or unknown, except for those based upon this Agreement. Such release
          shall include the rights of Section 1542 of the California Civil Code,
          which provides:

          "A general release does not extend to claims which the creditor does
          not know or suspect to exist in the Executive's favor at the time of
          executing the release, which if known by him must have materially
          affected the Executive's settlement with the debtor."

          Excluded from the release shall be any claims for indemnification
          within the scope of the Company's obligation to indemnify Executive
          under the Indemnity Agreement described in Section 2.5 hereof,
          coverage under any applicable directors and officers insurance
          coverage, or the Company's certificate of incorporation or bylaws.

                                   ARTICLE VI
                                  MISCELLANEOUS

          6.1 DEFINITIONS. For purposes of this Agreement, the following terms
will have the following meanings:

               (a) "Accrued Base Salary" - as defined in Section 4.1(a) hereof.

               (b) "Accrued Benefits" - as defined in Section 4.1(d) hereof.

                                      -7-
<PAGE>

               (c) "Accrued Incentive Bonus" - as defined in Section 4.1(e)
          hereof.

               (d) "Accrued Reimbursable Expenses" - as defined in Section
          4.1(c) hereof.

               (e) "Accrued Vacation Payment" - as defined in Section 4.1(b)
          hereof.

               (f) "Affiliate" of a Person means a Person that directly or
          indirectly through one or more intermediaries, controls, is controlled
          by, or is under common control with, the first Person. "Control"
          (including the terms "controlled by" and "under common control with")
          means the possession, directly or indirectly, of the power to direct
          or cause the direction of the management or policies of a Person,
          whether through the ownership of voting securities, by contract or
          credit arrangement, as trustee or executor, or otherwise.

               (g) "Incentive Bonus" as defined in Section 2.2 hereof.

               (h) "Base Salary" as defined in Section 2.1 hereof.

               (i) "Cause" will mean: (i) any willful material breach of duty by
          the Executive in the course of the Executive's employment or continued
          violation of written Company employment policies after written notice
          of such breach or violation, (ii) violation of the Company's Insider
          Trading Policies, (iii) conviction of a felony or any crime involving
          fraud, theft, embezzlement, dishonesty or moral turpitude, (iv)
          engaging in activities which materially defame the Company, or are
          material injurious to the Company or its Affiliates, or any of their
          respective customer or supplier relationships, financially or
          otherwise, or (v) the Executive's gross negligence or continued
          failure to perform Executive's duties which have a significant adverse
          effect on the business of the Company and its subsidiaries or his
          continued incapacity to perform such duties.

               (j) "Change of Control" will mean if there is a merger,
          consolidation, sale of all or a major portion of the assets of the
          Company (or a successor organization) or similar transaction or
          circumstance where any person or group (other than Douglas B. Otto)
          acquires or obtains the right to acquire, in one or more transactions,
          beneficial ownership of more than Fifty Percent (50%) of the
          outstanding shares of any class of voting stock of the Company (or a
          successor organization).

               (k) "Compensation Committee" means the Compensation Committee of
          the Company's Board of Directors.

               (l) "Continued Benefits" as defined in Section 4.3(g) hereof.

               (m) "Good Reason" will mean the occurrence of material breach of
          this Agreement by the Company, which breach is not cured within
          fifteen (15) calendar days after written notice thereof is received by
          the Company, or in the event of a Change of Control, a reduction of
          total compensation, benefits, and perquisites, relocation greater than
          50 miles, or material change in position or duties.

                                      -8-
<PAGE>

               (n) "Notice of Termination" will mean a notice which shall
          indicate the specific termination provision of this Agreement relied
          upon and shall generally set forth the basis for termination of the
          Executive's employment under the provision so indicated.

               (o) "Person" means any natural person, firm, partnership,
          association, corporation, company, limited liability company, limited
          partnership, trust, business trust, governmental authority, or other
          entity.

               (p) "Retirement" will mean normal retirement at age 65.

               (q) "Severance" will mean payments after termination of
          Executive's employment.

               (r) "Total Disability" will mean the Executive's failure
          substantially to perform the Executive's duties hereunder on a
          full-time basis for a period exceeding one hundred eighty (180)
          consecutive days or for periods aggregating more than one hundred
          eighty (180) days during any twelve (12) month period as a result of
          incapacity due to physical or mental illness. If there is a dispute as
          to whether the Executive is or was physically or mentally unable to
          perform the Executive's duties under this Agreement, such dispute will
          be submitted for resolution to a licensed physician agreed upon by the
          Company and the Executive, or if an agreement cannot be promptly
          reached, the Company and the Executive will promptly each select a
          physician, and if these physicians cannot agree, the physicians will
          promptly select a third physician whose decision will be binding on
          all parties. If such a dispute arises, the Executive will submit to
          such examinations and will provide such information as such
          physician(s) may request, and the determination of the physician(s) as
          to the Executive's physical or mental condition will be binding and
          conclusive. Notwithstanding the foregoing, if the Executive
          participates in any group disability plan provided by the Company,
          which offers long-term disability benefits, "Total Disability" will
          mean total disability as defined therein.

          6.2 KEY MAN INSURANCE. The Company will have the right, in its sole
discretion, to purchase "key man" insurance on the life of the Executive. The
Company shall be the owner and beneficiary of any such policy. If the Company
elects to purchase such a policy, the Executive will take such physical
examinations and supply such information as may be reasonably requested by the
insurer.

                                      -9-
<PAGE>

          6.3 SUCCESSORS; BINDING AGREEMENT. This Agreement will be binding upon
any successor to the Company and will inure to the benefit of and be enforceable
by the Executive's personal or legal representatives, beneficiaries, designees,
executors, administrators, heirs, distributees, devisees and legatees.

          6.4 MODIFICATION; NO WAIVER. This Agreement may not be modified or
amended except by an instrument in writing signed by the parties hereto. No term
or condition of this Agreement will be deemed to have been waived, nor will
there be any estoppel against the enforcement of any provision of this
Agreement, except by written instrument by the party charged with such waiver or
estoppel. No such written waiver will be deemed a continuing waiver unless
specifically stated therein, and each such waiver will operate only as to the
specific term or condition waived and will not constitute a waiver of such term
or condition for the future or as to any other term or condition.

          6.5 SEVERABILITY. The covenants and agreements contained herein are
separate and severable and the invalidity or unenforceability of any one or more
of such covenants or agreements, if not material to the employment arrangement
that is the basis for this Agreement, will not affect the validity or
enforceability of any other covenant or agreement contained herein.

          6.6 FORM OF NOTICE TO PARTIES. All notices, requests, demands, waivers
and other communications required or permitted to be given under this Agreement
shall be in writing and shall be deemed to have been duly given if (a) delivered
personally, (b) mailed by first-class, registered or certified mail, return
receipt requested, postage prepaid, or (c) sent by next-day or overnight mail or
delivery or (d) sent by telecopy or telegram, to the following address:

           If to Executive:          Zohar Ziv
                                     20207 Piedra Chica Road
                                     Malibu, CA  90265

           If to Company:            Deckers Outdoor Corporation
                                     495-A South Fairview Avenue
                                     Goleta, CA  93117
                                     Attn:  Chief Executive Officer
                                     Facsimile #805-681-9886

or, in each case, at such other address as may be specified in writing to the
other parties hereto.

     All such notices, requests, demands, waivers and other communications shall
be deemed to have been received (w) if by personal delivery on the day after
such delivery, (x) if by certified or registered mail, on the seventh business
day after the mailing thereof, (y) if by next-day or overnight mail or delivery,
on the day delivered, (z) if by telecopy or telegram, on the next day following
the day on which such telecopy or telegram was sent, provided that a copy is
also sent by certified or registered mail.

                                      -10-
<PAGE>

          6.7 ASSIGNMENT. This Agreement and any rights hereunder will not be
assignable by either party without the prior written consent of the other party
except as otherwise specifically provided for herein.

          6.8 ENTIRE UNDERSTANDING. This Agreement constitutes the entire
understanding between the parties hereto and no agreement, representation,
warranty or covenant has been made by either party except as expressly set forth
herein.

          6.9 EXECUTIVE'S REPRESENTATIONS. The Executive represents and warrants
that neither the execution and delivery of this Agreement nor the performance of
the Executive's duties hereunder violates the provisions of any other agreement
to which he is a party or by which he is bound.

          6.10 GOVERNING LAW . This Agreement will be construed in accordance
with the laws of the State of California, without regard to the conflict of laws
provisions thereof, with venue proper only in the County of Santa Barbara,
California.

          6.11 ARBITRATION.

          (a) Except as provided in Section 6.11(c) below, the parties hereto
agree that any dispute or controversy arising out of, relating to, or in
connection with this Agreement, or the interpretation, validity, construction,
performance, breach, or termination thereof, shall be finally settled by binding
arbitration, unless otherwise required by law, to be held in Santa Barbara,
California under the National Rules for the Resolution of Employment Disputes of
the American Arbitration Association as then in effect (the "Rules"). The
arbitrator(s) may grant injunctions or other relief in such dispute or
controversy. The decision of the arbitrator(s) shall be final, conclusive and
binding on the parties to the arbitration, and judgment may be entered on the
decision of the arbitrator(s) in any court having jurisdiction.

          (b) The arbitrator(s) shall apply California law to the merits of any
dispute or claim, without reference to rules of conflicts of law.

          (c) The parties may apply to any court of competent jurisdiction for a
temporary restraining order, preliminary injunction, or other interim or
conservatory relief, as necessary, without breach of this arbitration agreement
and without abridgement of the powers of the arbitrator.

          (d) EMPLOYEE HAS READ AND UNDERSTANDS THIS SECTION, WHICH DISCUSSES
ARBITRATION. EMPLOYEE UNDERSTANDS THAT BY SIGNING THIS AGREEMENT, EMPLOYEE
AGREES TO SUBMIT ANY CLAIMS ARISING OUT OF, RELATING TO, OR IN CONNECTION WITH
THIS AGREEMENT, OR THE INTERPRETATION, VALIDITY, CONSTRUCTION, PERFORMANCE,
BREACH OR TERMINATION THEREOF TO BINDING ARBITRATION, UNLESS OTHERWISE REQUIRED
BY LAW, AND THAT THIS ARBITRATION CLAUSE CONSTITUTES A WAIVER OF EMPLOYEE'S
RIGHT TO A JURY TRIAL AND RELATES TO THE RESOLUTION OF ALL DISPUTES RELATING TO
EMPLOYEE'S RELATIONSHIP WITH THE COMPANY, INCLUDING BUT NOT LIMITED TO, CLAIMS
OF HARASSMENT, DISCRIMINATION, WRONGFUL TERMINATION AND ANY STATUTORY CLAIMS. IN
WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the
day and year first above written.

                                      -11-
<PAGE>

                              COMPANY:
                              --------

                              DECKERS OUTDOOR CORPORATION

                              By:   /s/ Angel Martinez        3/6/06
                                  ----------------------------------------------
                              Name:   Angel Martinez          Date
                              Title:  Chief Executive Officer

                              EXECUTIVE:
                              ----------

                                    /s/ Zohar Ziv             3/6/06
                              --------------------------------------------------
                              ZOHAR ZIV                        Date

                                      -12-

<PAGE>

                                    EXHIBIT A

                                       TO

                      SENIOR EXECUTIVE EMPLOYMENT AGREEMENT

                          2006 Incentive Bonus Criteria

Executive:            Zohar Ziv
----------

Target bonus:         Potential 67% of base salary @ 100% level
------------

Incentive Bonus Allocation:
---------------------------

         60%  Company Profit Component
         40%  Management Business Objective (MBO) Component
         100%

Incentive bonus to be calculated and paid in accordance with the attached
Exhibit B.

                                      -13-
<PAGE>

                                    EXHIBIT B

                                       TO

                      SENIOR EXECUTIVE EMPLOYMENT AGREEMENT

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