Document:

EMPLOYMENT AGREEMENT

                  AGREEMENT by and between New York Regional Railroad (NYRR or
"Company") and Donald B. Hutton (the "Executive"), dated as of the 3rd day of
February 2004 (this "Agreement").

                  NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:

         1.       Duties and Positions: During the employment period, the
                  Executive will serve as the "[Executive] Vice President of
                  Business Development of the New York Cross Harbor Railroad,
                  New York Regional Railroad (NYRR)". In addition, the Executive
                  will also be placed on the "Board of Directors of the New York
                  Cross Harbor Railroad, New York Regional Railroad (NYRR)".

         2.       Employment Period: The Company hereby agrees to employ the
                  Executive, for a period commencing on the effective date and
                  ending on the third anniversary thereof. Agreement may be
                  terminated by Company after 6 months by giving employee 30 day
                  written notice.

         3.       Base Salary: at an annual rate of not less than $115,000.00.

         4.       Long term Incentive Compensation: On or as soon as practicable
                  after the date hereof, the Company shall grant TBD Shares of
                  Company stock to the Executive which shall be consistent with
                  any stock bonus plan the Company shall offer to other
                  executives.

         5.       Annual bonus: In addition to the Base Salary, the Executive
                  shall have the opportunity to earn, for fiscal year 2004 and
                  each subsequent fiscal year that begins during the employment
                  period, an annual bonus under the Company's senior executive
                  incentive plan or any successor thereto.

         6.       Quarters: The Executive's primary work assignment(s) will be
                  in the New York City/New Jersey Metro area. Travel expenses,
                  including lodging, air or vehicle travel from employee's home
                  to the work assignment sites, will be provided by the Company.

         7.       Equipment: Cell phone and computer equipment necessary for the
                  Executive to perform his duties will be purchased and
                  maintained by the Company or reimbursed by the Company.

         8.       Business Expense: The Executive shall be entitled to receive
                  prompt reimbursement from the Company for all reasonable
                  expenses that he incurs in the course of carrying out his
                  duties under this Agreement.

<PAGE>

         9.       Vehicle: A vehicle shall be leased by NYRR for use by the
                  Executive or employee shall receive monthly allowance to cover
                  cost of vehicle.

         10.      Vacation: During the Employment, the Executive shall be
                  entitled to not less than 3 weeks of vacation annually.

         11.      Sick: During the Employment, the executive shall be entitled
                  to 1 week of sick pay annually.

         12.      Company shall not be responsible for health insurance for the
                  executive.

                  IN WITNESS WHEREOF, the Executive has hereunto set the
Executive' hand and, pursuant to the authorization from its Board of Directors,
the Company has caused these presents to be executed in its name on its behalf,
all as of the day and year first above written.

                                              /s/ Donald B. Hutton

                                                  Donald B. Hutton

                                                  NYRR

                                             /s/ WA EastmanFifth Amendment to Credit Agreement

  
 Exhibit 10.25

  
 LEVI STRAUSS & CO. 
 LEVI STRAUSS FINANCE CENTER CORPORATION 
  
 FIFTH AMENDMENT TO CREDIT AGREEMENT 
  
 This FIFTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is dated as of November 24, 2004 and entered into by and among Levi
Strauss & Co., a Delaware corporation (“LS&Co”), Levi Strauss Financial Center Corporation, a Delaware corporation (“LSFCC” and, together with LS&Co, the “Borrowers”), the financial
institutions listed on the signature pages hereof (the “Lenders”), and Bank of America, N.A., as agent for the Lenders (the “Agent”), and, for purposes of Section 5 hereof, the Loan Parties other than the
Borrowers listed on the signature pages hereof (the “Subsidiary Parties”), and is made with reference to that certain Credit Agreement dated as of September 29, 2003, as amended by that First Amendment to Credit Agreement dated as
of September 30, 2003, that Second Amendment to Credit Agreement dated as of October 14, 2003, that Third Amendment to Credit Agreement and Limited Waiver dated as of March 18, 2004 and that Fourth Amendment to Credit Agreement dated as of August
13, 2004 (the “Credit Agreement”), by and among the parties thereto. Capitalized terms used herein without definition shall have the same meanings herein as set forth in the Credit Agreement. 
  
 RECITALS 
  
 WHEREAS, the Borrowers and the Lenders desire to amend the Credit Agreement to make certain modifications as set
forth herein; 
  
 NOW, THEREFORE, in consideration of the
premises and the agreements, provisions and covenants herein contained, the parties hereto agree as follows: 
  

	Section 1.	AMENDMENTS TO THE CREDIT AGREEMENT 

  

	1.1	Amendment to Article 1 

  
 (a). Section 1.3 of the Credit Agreement is amended by inserting the following as new Section 1.3(i): 
  
 “(i) Conversion of Cash Collateralized Letter of
Credit. LS&Co. may convert any Cash Collateralized Letter of Credit into a Letter of Credit that is not a Cash Collateralized Letter of Credit by providing the Agent, at least one Business Day prior to the effective date of such conversion,
written notice identifying the relevant Cash Collateralized Letter of Credit to be converted and the date upon which such conversion shall be effective. 
  

					
	 	 	 	  	(Fifth Amendment to Credit Agreement)

	1.2	Amendment to Annex A 

  
 (a). Annex A to the Credit Agreement is amended by amending the definition of “Cash Collateralized Letter of Credit” to read in full as
follows: 
  
 ““Cash Collateralized
Letter of Credit” means a Letter of Credit requested to be issued as a Cash Collateralized Letter of Credit in accordance with Section 1.3(c)(1) and otherwise issued in accordance with the conditions hereunder applicable to a Cash
Collateralized Letter of Credit, provided that upon effectiveness of the conversion of any Cash Collateralized Letter of Credit in accordance with Section 1.3(i). such Letter of Credit shall no longer be a “Cash Collateralized
Letter of Credit” for purposes of this Agreement.” 
  

	Section 2.	CONDITIONS TO EFFECTIVENESS 

  
 This Amendment shall become effective upon receipt by the Agent of an executed counterpart to this Amendment from each of the Borrowers and Lenders
constituting Majority Lenders (the date of satisfaction of such condition being referred to herein as the “Fifth Amendment Effective Date”). 
  

	Section 3.	COMPANY’S REPRESENTATIONS AND WARRANTIES 

  
 In order to induce the Lenders to enter into this Amendment and to amend the Credit Agreement in the manner provided herein, each Borrower represents and
warrants to each Lender that the following statements are true, correct and complete: 
  
 A. Due Incorporation, Valid Existence and Good Standing; Corporate Power and Authority. Each Borrower is a corporation duly incorporated, validly existing and in good standing under the laws of the State of
Delaware. Each Borrower has all requisite corporate power and authority to enter into this Amendment and to carry out the transactions contemplated by, and perform its obligations under, the Credit Agreement as amended by this Amendment (the
“Amended Agreement”). 
  
 B. Authorization of
Agreements. The execution and delivery of this Amendment and the performance of the Amended Agreement have been duly authorized by all necessary corporate action on the part of each Borrower. 
  
 C. No Conflict. The execution and delivery by each Borrower of this
Amendment and the performance by each Borrower of the Amended Agreement do not and will not conflict with, or constitute a violation or breach of, or result in the imposition of any Lien upon the property of such Borrower, by reason of the terms of
(a) any contract, mortgage, lease, agreement, indenture, or instrument to which such Borrower is a party or which is binding upon it, (b) any Requirement of Law applicable to such Borrower, or (c) the certificate or articles of incorporation or
by-laws of such Borrower. 
  
 D. Governmental Consents. No
approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority is necessary or required in connection with the execution and delivery by, or enforcement against, 

  

					
	 	 	2	  	(Fifth Amendment to Credit Agreement)

 
any Borrower of this Amendment, or the performance by, or enforcement against, any Borrower of the Amended Agreement. 
  
 E. Binding Obligation. This Amendment has been duly executed and
delivered by each Borrower and this Amendment and the Amended Agreement constitute the legal, valid and binding obligations of each Borrower, enforceable against each Borrower in accordance with their respective terms, except as may be limited by
applicable bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles relating to enforceability. 
  
 F. Absence of Default. No event has occurred and is continuing or will result from the consummation of the
transactions contemplated by this Amendment that would constitute an Event of Default or a Default. 
  

	Section 4.	ACKNOWLEDGEMENT AND CONSENT 

  
 Each Subsidiary Party hereby acknowledges and agrees that the Subsidiary Guaranty and each of the Collateral Documents (collectively, the “Credit
Support Documents”) to which it is a party or otherwise bound shall continue in full force and effect and that all of its obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or
effectiveness of this Amendment. Each Subsidiary Party represents and warrants that all representations and warranties contained in the Amended Agreement and the Credit Support Documents to which it is a party or otherwise bound are true, correct
and complete in all material respects on and as of the Fifth Amendment Effective Date to the same extent as though made on and as of that date, except to the extent such representations and warranties specifically relate to an earlier date, in which
case they were true, correct and complete in all material respects on and as of such earlier date. 
  
 Each Subsidiary Party acknowledges and agrees that (i) notwithstanding the conditions to effectiveness set forth in this Amendment, such Subsidiary Party
is not required by the terms of the Credit Agreement or any other Loan Document to consent to the amendments to the Credit Agreement effected pursuant to this Amendment and (ii) nothing in the Credit Agreement, this Amendment or any other Loan
Document shall be deemed to require the consent of such Subsidiary Party to any future amendments to the Credit Agreement. 
  

	Section 5.	MISCELLANEOUS 

  
 A. Reference to and Effect on the Credit Agreement and the Other Loan Documents. 
  
 (i) On and after the Fifth Amendment Effective Date, each reference in the Credit Agreement to “this
Agreement”, “hereunder”, “hereof, “herein” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to the “Credit Agreement”, “thereunder”,
“thereof or words of like import referring to the Credit Agreement shall mean and be a reference to the Amended Agreement. 
  

					
	 	 	3	  	(Fifth Amendment to Credit Agreement)

 (ii) Except as specifically amended by this Amendment, the Credit Agreement and the other
Loan Documents shall remain in full force and effect and are hereby ratified and confirmed. 
  
 (iii) The execution, delivery and performance of this Amendment shall not, except as expressly provided herein, constitute a waiver of any
provision of, or operate as a waiver of any right, power or remedy of the Agent or any Lender under, the Credit Agreement or any of the other Loan Documents. 
  
 B. Fees and Expenses. Each Borrower acknowledges that all costs, fees and expenses as described in Section 13.7 of the Credit
Agreement incurred by the Agent and its counsel with respect to this Amendment and the documents and transactions contemplated hereby shall be for the account of the Borrowers. 
  
 C. Headings. Section and subsection headings in this Amendment are included herein for convenience of reference only
and shall not constitute a part of this Amendment for any other purpose or be given any substantive effect. 
  
 D. Applicable Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF CALIFORNIA APPLICABLE TO
AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE; PROVIDED THAT THE AGENT AND EACH LENDER SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW. 
  
 E. Counterparts. This Amendment may be executed in any number of counterparts, and by each party hereto in
separate counterparts, each of which shall be an original, but all of which shall together constitute one and the same agreement; signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all
signature pages are physically attached to the same document. This Amendment may be transmitted and/or signed by telefacsimile. The effectiveness of any such signatures shall, subject to applicable law, have the same force and effect as an original
copy with manual signatures and shall be binding on the Borrowers, the Agent and all Lenders. The Agent may also require that any such signature be confirmed by a manually-signed copy thereof; provided, however, that the failure to
request or deliver any such manually-signed copy shall not affect the effectiveness of any facsimile signature. 
  
 [Remainder of page intentionally left blank] 
  

					
	 	 	4	  	(Fifth Amendment to Credit Agreement)

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the
date first written above. 
  

			
	BORROWERS:
	
	LEVI STRAUSS & CO.
		
	By:	 	 /s/ Miguel Silva Gonzalez

	 Name:
	 	 Miguel Silva Gonzalez

	 Title:
	 	 Vice President and Treasurer

	
	LEVI STRAUSS FINANCIAL CENTER CORPORATION
		
	By:	 	 /s/ Joseph M. Maurer

	 Name:
	 	 Joseph M. Maurer

	 Title:
	 	 Treasurer

  

					
	 	 	S-1	  	(Fifth Amendment to Credit Agreement)

			
	SUBSIDIARY PARTIES:
	
	BATTERY STREET ENTERPRISES, INC.
		
	By:	 	 /s/ Joseph M. Maurer

	 Name:
	 	 Joseph M. Maurer

	 Title:
	 	 Treasurer

	
	LEVI STRAUSS GLOBAL FULFILLMENT SERVICES, INC.
		
	By:	 	 /s/ Joseph M. Maurer

	 Name:
	 	 Joseph M. Maurer

	 Title:
	 	 Treasurer

	
	LEVI STRAUSS GLOBAL OPERATIONS, INC.
		
	By:	 	 /s/ Joseph M. Maurer

	 Name:
	 	 Joseph M. Maurer

	 Title:
	 	 Treasurer

	
	LEVI STRAUSS INTERNATIONAL
		
	By:	 	 /s/ Joseph M. Maurer

	 Name:
	 	 Joseph M. Maurer

	 Title:
	 	 Treasurer

	
	LEVI STRAUSS INTERNATIONAL, INC.
		
	By:	 	 /s/ Joseph M. Maurer

	 Name:
	 	 Joseph M. Maurer

	 Title:
	 	 Treasurer

  

					
	 	 	S-2	  	(Fifth Amendment to Credit Agreement)

			
	LEVI’S ONLY STORES, INC.
		
	 By:
	 	 /s/ Joseph M. Maurer

	 Name:
	 	 Joseph M. Maurer

	 Title:
	 	 Treasurer

	
	NF INDUSTRIES, INC.
		
	 By:
	 	 /s/ Joseph M. Maurer

	 Name:
	 	 Joseph M. Maurer

	 Title:
	 	 Treasurer

	
	HARTWELL COMMODITIES GROUP
		
	 By:
	 	 /s/ Gregory A. Intemann

	 Name:
	 	 Gregory A. Intemann

	 Title:
	 	 Assistant Treasurer

	
	LEVI STRAUSS-ARGENTINA, LLC
		
	 By:
	 	 /s/ Joseph M. Maurer

	 Name:
	 	 Joseph M. Maurer

	 Title:
	 	 Treasurer

	
	LEVI STRAUSS RECEIVABLES FUNDING, LLC
		
	 By:
	 	 /s/ Joseph M. Maurer

	 Name:
	 	 Joseph M. Maurer

	 Title:
	 	 Treasurer

	
	LEVI STRAUSS SECURITIZATION CORP.
		
	 By:
	 	 /s/ Joseph M. Maurer

	 Name:
	 	 Joseph M. Maurer

	 Title:
	 	 Treasurer

  

					
	 	 	S-3	  	(Fifth Amendment to Credit Agreement)

			
	LEVI STRAUSS SERVICES INC.
		
	 By:
	 	 /s/ Joseph M. Maurer

	 Name:
	 	 Joseph M. Maurer

	 Title:
	 	 Treasurer

	
	LEVI STRAUSS U.S.A., LLC
		
	 By:
	 	 /s/ Joseph M. Maurer

	 Name:
	 	 Joseph M. Maurer

	 Title:
	 	 Treasurer

  

					
	 	 	S-4	  	(Fifth Amendment to Credit Agreement)

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