Document:

<PAGE>   1
                                                               EXHIBIT 10(k)(ii)

                            SECOND AMENDMENT TO LEASE

         AGREEMENT (this "Amendment"), made as of the 19th day of June 1998, by
and between LECHAR REALTY CORP., a New York corporation, with its principal
office address at 1441 Broadway, New York, NY 10018, hereinafter referred to as
"Owner"; and LIZ CLAIBORNE, INC., a Delaware corporation, qualified to do
business in the State of New York, with its principal office and showroom
address at 1441 Broadway, New York, NY 10018, hereinafter referred to as
"Tenant".

                              W I T N E S S E T H

         WHEREAS, Owner and Tenant are parties to a written Agreement of Lease,
dated as of the 1st day of January 1990, as amended by letter agreement dated
August 4, 1994 and First Amendment: Lease Extension and Modification Agreement
dated as of the 1st day of January 1998 (collectively, the "Lease") for a
portion(s) of the building at 1441 Broadway, a/k/a 575 Seventh Avenue, New York
City, New York (the "Building"; except as otherwise expressly specified in this
document, all defined terms used in the Lease shall have the meanings herein
that are ascribed to them in the Lease); and

         WHEREAS, Tenant and Owner have agreed to amend and modify the Lease
upon the terms and conditions hereinafter set forth:

         NOW, THEREFORE, in consideration of TEN ($10.00) DOLLARS in hand paid
to the other, and for other and further valuable consideration, including the
mutual covenants hereinafter set forth, Owner and Tenant agree that the Lease is
hereby amended and modified as follows:
<PAGE>   2
1.       Owner hereby leases to Tenant and Tenant hereby hires from Owner Unit
         338 in the Building containing 327 square feet ("Unit 338"). From and
         after the date hereof, Unit 338 shall be and be deemed to be included
         in and part of the Demised Premises. Exhibit A-1 attached hereto sets
         forth the Demised Premises as of June 19, 1998.

2.       Except as set forth above, the Lease is in all other respects ratified
         and confirmed.

         IN WITNESS WHEREOF, the parties hereto have executed this Amendment as
of the day and year first above written.

LECHAR REALTY CORP.                     LIZ CLAIBORNE INC.

BY: /s/ LEON H. CHARNEY                 BY: /s/ ROBERTA S. KARP
    ---------------------------------       ---------------------------------
        LEON H. CHARNEY, PRESIDENT              ROBERTA S. KARP
                                                VICE PRESIDENT - CORPORATE
                                                AFFAIRS AND GENERAL COUNSEL &
                                                SECRETARY

Consented to by:

GENERAL ELECTRIC CAPITAL CORPORATION,
INDIVIDUALLY AND AS AGENT

BY: /s/ RICHARD ENGEL
    ---------------------------------

                                       2
<PAGE>   3
                                   EXHIBIT A-1

<TABLE>
<CAPTION>
                           UNIT NO.                                  SQUARE FEET
                           --------                                  -----------
<S>                                                                  <C>
                           ROOM 201                                       15,730

                           ROOM 202                                        2,500

                           ROOM 203/203A                                   9,006

                           ROOM 300                                       17,401

                           ROOM 338                                          327

                           ROOM 400                                        7,870

                           ROOM 401                                        7,985

                           ROOM 402                                        2,355

                           ROOM 500                                       18,108

                           ROOM 601                                        6,155

                           ROOM 611                                       11,953

                           ROOM 700                                       18,000

                           ROOM 805                                        1,500

                           ROOM 815                                        2,368

                           ROOM 820                                        4,300

                           ROOM 840                                        1,036

                           ROOM 843                                          330

                           ROOM 870                                        3,914

                           ROOM 895                                        2,591

                           ROOM 897                                        2,070

                           ROOM 1201                                       1,742

                           ROOM 1211                                       5,600

                           ROOM 1250                                       1,080
</TABLE>

                                       3
<PAGE>   4
<TABLE>
<CAPTION>
                           UNIT NO.                                  SQUARE FEET
                           --------                                  -----------
<S>                                                                  <C>
                           ROOM 1261                                       8,777

                           ROOM 1410                                         774

                           ROOM 1415                                       1,036

                           ROOM 1420                                         916

                           ROOM 1425                                         878

                           ROOM 1430                                         916

                           ROOM 1435                                         973

                           ROOM 1438                                         321

                           ROOM 1440                                       1,527

                           ROOM 1450                                       1,489

                           ROOM 1455                                       1,054

                           ROOM 1457                                         880

                           ROOM 1461                                         904

                           ROOM 1463                                         420

                           ROOM 1464/65                                      794

                           ROOM 1466                                       1,227

                           ROOM 1469                                         422

                           ROOM 1475                                         321

                           ROOM 1480                                         367

                           ROOM 1482                                         535

                           ROOM 1485                                       1,070

                           ROOM 1490                                       1,605

                           ROOM 1500                                      17,939

                           ROOM 1600                                       8,417

                           ROOM 1601                                       6,996

                           ROOM 1603                                       2,862
</TABLE>

                                       4
<PAGE>   5
<TABLE>
<CAPTION>
                           UNIT NO.                                  SQUARE FEET
                           --------                                  -----------
<S>                                                                  <C>
                           ROOM 1701                                       9,441

                           ROOM 1711                                       7,559

                           ROOM 1801                                       6,203

                           ROOM 1811                                       3,236

                           ROOM 1820                                       1,690

                           ROOM 1830                                       1,565

                           ROOM 1835                                       1,300

                           ROOM 1901                                       2,775

                           ROOM 1911                                       3,799

                           ROOM 1921                                       3,763

                           ROOM 1931                                       2,831

                           ROOM 2001A                                      1,700

                           ROOM 2002                                       1,500

                           ROOM 2009                                       2,170

                           ROOM 2010                                       1,325

                           ROOM 2020                                       1,952

                           ROOM 2030                                       3,168

                           ROOM 2040                                       2,250

                           ROOM 2202                                       2,816

                           ROOM 2210                                       2,509

                           ROOM 2217/50                                    3,882

                           ROOM 2251                                       1,746
                                                                         -------

                           TOTALS:                                       276,521
</TABLE>

                                       5<PAGE>   1
                                                              EXHIBIT 10(k)(iii)

                            THIRD AMENDMENT TO LEASE

                  AGREEMENT (this "Amendment") made as of 29th day of September
1999, by and between LECHAR REALTY CORP., a New York corporation, with its
principal office address at 1441 Broadway, New York, NY 10018 ("Owner") and LIZ
CLAIBORNE INC., a Delaware corporation qualified to do business in the State of
New York, with its principal office and showroom at 1441 Broadway, New York, NY
10018 ("Tenant").

                              W I T N E S S E T H :

                  WHEREAS:

                  (i) Owner and Tenant are parties to a lease (the "Original
Lease") dated as of January 1, 1990, as amended by letter agreement dated August
4, 1994, a First Amendment: Lease Extension and Modification Agreement dated as
of January 1, 1998 (the "First Amendment"), and a Second Amendment to Lease
dated as of June 19, 1998 (collectively, the "Lease") for portions of the
building at 1441 Broadway, a/k/a 575 Seventh Avenue, New York, NY (the
"Building", except as otherwise expressly specified in this Amendment, all
defined terms used in the Lease shall have the meanings herein that are ascribed
to them in the Lease); and

                  (ii) Tenant and Owner have agreed to amend and modify the
Lease upon the terms and conditions hereinafter set forth:

                  NOW, THEREFORE, in consideration of Ten Dollars and 00/100
($10.00) and other and further good and valuable consideration, including the
mutual covenants hereinafter set forth, Owner and Tenant agree that the Lease is
hereby amended and modified as follows:

                  1.       Owner hereby leases to Tenant and Tenant hereby hires
                           from Owner the entire 21st Floor of the Building
                           (including the terrace (the "Terrace") adjacent
                           thereto) containing 11,039 square feet ("Unit 2100")
                           for a term

                                      -1-
<PAGE>   2

                           commencing on the date (the "Possession Date") Owner
                           delivers vacant possession of Unit 2100 to Tenant and
                           ending on December 31, 2012 (as such date may be
                           extended in accordance with the terms of the Lease).
                           From and after the Possession Date, Unit 2100 shall
                           be and be deemed to be included in and part of the
                           Demised Premises.

                  2.       Owner hereby agrees to deliver possession of Unit
                           2100 to Tenant on or before October 1, 1999 (the "Due
                           Date"), in the condition it is in on the date hereof,
                           subject only to normal wear and tear hereafter
                           occurring (but the foregoing shall not abrogate the
                           provisions of Article 44 of the Original Lease which
                           Owner hereby expressly acknowledges and agrees are
                           applicable to Unit 2100). If for any reason
                           whatsoever Owner fails to deliver possession of Unit
                           2100 to Tenant on the Due Date, Owner shall abate two
                           (2) days of the rent that would otherwise first
                           become payable hereunder in respect of Unit 2100 for
                           each day that elapses after the Due Date and before
                           the Possession Date.

                  3.       From and after the ninetieth (90th) day following the
                           Possession Date, through and including November 14,
                           2003, Tenant shall pay Owner $397,404.00 per year in
                           Fixed Annual Rent (inclusive of $33,117.00 in
                           electric charges) in respect of Unit 2100 in lieu of
                           all other amounts specified in the Lease or
                           otherwise, it being expressly acknowledged and agreed
                           that no amounts shall be due in respect of Unit 2100
                           for the period between the Possession Date and
                           November 15, 2003, pursuant to the First Amendment or
                           the other portions of the Lease. From November 15,
                           2003, through and including December 31, 2012, the
                           Fixed Annual Rent payable in respect of Unit 2100
                           shall equal 95% of the fair market rental value of
                           such space on November 15, 2003, determined pursuant
                           to Article 41 of the Original Lease as though Unit
                           2100 were vacant and unimproved and then being leased
                           for a term equal to the remainder of the Term, taking
                           into account: (i) the amounts payable in respect of
                           Unit 2100 pursuant to Articles 36 and 37 of the
                           Original Lease (as modified in the First

                                      -2-
<PAGE>   3

                           Amendment); (ii) the "Base Tax Year" and "Base Year"
                           in the First Amendment, respectively specified; and
                           (iii) the agreement of Owner and Tenant, hereby
                           confirmed, that even though Tenant has exclusive use
                           of the Terrace, no rent shall be attributable
                           thereto. Owner and Tenant hereby agree to seek prior
                           to October 1, 2003 to determine the Fixed Annual Rent
                           applicable to the period after November 15, 2003, but
                           if Owner and Tenant are unable to reach agreement
                           with respect thereto, such Fixed Annual Rent shall be
                           determined by arbitration conducted pursuant to
                           Article 45 of the Original Lease. The cost of
                           electricity in respect of Unit 2100 shall not, after
                           November 14, 2003, be included in the Fixed Annual
                           Rent but rather shall be borne and determined in the
                           same manner as is applicable to the balance of the
                           Demised Premises.

                  4.       During the period from the Possession Date, through
                           and including November 14, 2003, Article 37(A), (B),
                           (D), (F) and (G) of the Original Lease as set forth
                           therein shall be applicable to Unit 2100
                           (notwithstanding the modifications set forth in the
                           First Amendment), except that: (i) the words
                           "together with welfare, pension and FICA payments
                           imposed on such wage rate" shall be deemed deleted
                           from the 24th and 25th lines of Article 37(A); (ii)
                           the last sentence of Article 37(A) shall be deemed
                           deleted therefrom; (iii) the date "January 1, 1991"
                           and the years "1991" and "1992" appearing in Articles
                           37(D) and 37(E) shall be deemed changed to "January
                           1, 2000" and "2000" and "2001," respectively; (iv)
                           all references to the "Price Index" shall be deemed
                           deleted; and (v) the reference in Article 37(G) to
                           the expiration of the Term shall be deemed to be a
                           reference to November 14, 2003. Owner and Tenant
                           expressly agree that Article 37 of the Original Lease
                           (by reason of Paragraph 1C of the First Amendment)
                           shall be entirely inapplicable after December 31,
                           1999, except as herein expressly specified in respect
                           of Unit 2100, and only with respect thereto during
                           the period from the Possession Date through and
                           including November 14, 2003.

                                      -3-
<PAGE>   4

                  5.       Article 36 of the Original Lease, as modified by
                           Paragraph 1(B) of the First Amendment, shall apply to
                           Unit 2100 during the period from the Possession Date,
                           through and including November 14, 2003, except that:
                           (i) the term "Base Taxes" shall mean the Taxes
                           payable during the 1999/2000 Tax Year; and (ii)
                           Tenant's Proportionate Tax Share" shall mean
                           .024262%. Owner and Tenant expressly agree that
                           Article 36 of the Original Lease, as modified herein
                           and in the First Amendment, shall apply only to Unit
                           2100 and only during the period from the Possession
                           Date, through and including November 14, 2003.

                  6.       The 29th Floor of the Building (6,000 square feet)
                           shall be deemed to be Automatic Option Space rather
                           than Contingent Option Space, and Unit 2100 shall no
                           longer be deemed to be Contingent Option Space.

                  7.       Owner and Tenant hereby represent and warrant to each
                           other that: (i) no broker has been involved in the
                           negotiation of this Amendment other than Colliers ABR
                           Inc. ("Colliers"), Newmark & Company Real Estate,
                           Inc. ("Newmark") and Winoker Realty Co., Inc.
                           ("Winoker"); and (ii) Colliers and Winoker have
                           agreed not to seek a commission from Owner or Tenant
                           in connection with this Amendment. Tenant hereby
                           agrees to pay Newmark any commission to which it may
                           be entitled pursuant to a written agreement between
                           Tenant and Newmark. Owner and Tenant hereby each
                           indemnify the other from any breach by the indemnitor
                           of the aforesaid representations and warranties.

                  8.       Except as set forth above, the Lease is in all other
                           respects hereby ratified and confirmed.

                  IN WITNESS WHEREOF, the parties hereto have executed this
Amendment as of the day and year first set forth above.

                                      -4-
<PAGE>   5

         OWNER:

         LECHAR REALTY CORP.

         BY: /s/ LEON H. CHARNEY
             ---------------------------------------
                 LEON H. CHARNEY, PRESIDENT

         TENANT:

         LIZ CLAIBORNE, INC.

         BY: /s/ JOHN DEFALCO
             ---------------------------------------
                 JOHN DEFALCO
                 VICE PRESIDENT - PROFIT IMPROVEMENT
                 AND FACILITIES MANAGEMENT

         CONSENTED TO BY:

         GENERAL ELECTRIC CAPITAL CORPORATION,
         INDIVIDUALLY AND AS AGENT

         BY: /s/ RICHARD ENGEL
             ---------------------------------------
                 AUTHORIZED REPRESENTATIVE

                                      -5-

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