Document:

EXHIBIT 10.19

                        THIRD AMENDMENT AND MODIFICATION
                         TO LOAN AND SECURITY AGREEMENT

     THIS THIRD AMENDMENT AND MODIFICATION TO LOAN AND SECURITY AGREEMENT (the
"AMENDMENT") is made effective as of March 15, 2000 by and among TODAY'S MAN,
INC., a Pennsylvania corporation ("BORROWER"); each of the Subsidiaries of the
Borrower identified under the caption "Guarantor" on the signature pages of this
Amendment (individually, a "GUARANTOR" and, collectively, the "GUARANTORS");
each of the financial institutions identified under the caption "Lenders" on the
signature pages of this Amendment (including without limitation Mellon in such
capacity) (individually, a "LENDER" and, collectively, the "LENDERS"); and
MELLON BANK, N.A., a national banking association, as agent for the Lenders (in
such capacity, together with its successors in such capacity, the "AGENT").

                                   BACKGROUND

Borrower, Guarantors, Lender and Agent previously entered into a certain Loan
and Security Agreement dated December 4, 1998, as amended by (i) that certain
First Amendment and Modification to Loan and Security Agreement dated April 28,
1999, and (ii) that certain Second Amendment and Modification to Loan and
Security Agreement dated October 13, 1999 (as amended, the "LOAN AGREEMENT"),
pursuant to which, inter alia, Lender agreed to extend to Borrower a revolving
credit facility up to a maximum outstanding principal amount of Forty-Five
Million Dollars ($45,000,000.00).

Borrower, Guarantors, Lender and Agent have also entered into certain interim
letter agreements pending completion of this Amendment.

Borrowers, Guarantors, Lender and Agent are entering into this Amendment to
amend certain terms and conditions of the Loan Agreement, including without
limitation, the following:

Establishing the Contract Period for the Revolving Credit Facility for a full
two (2) periods after the date of this Amendment; and

Providing for permitted Out-of-Formula Advances for a period of time.

Capitalized terms used herein and not otherwise defined herein shall have the
meanings set forth for such terms in the Loan Agreement.

NOW, THEREFORE, in consideration of the foregoing premises and intending to be
legally bound hereby, the parties hereto agree as follows:

CONTRACT PERIOD. The Contract Period is reset for a full two (2) year period
commencing on the date of this Agreement and expiring on March 15, 2002.
Accordingly, the definition of "Contract

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Period" in SECTION 1.1 of the Loan Agreement is amended to read in its entirety
as follows:

          "CONTRACT PERIOD means a period of time commencing on the date of this
     Agreement and expiring on March 15, 2002."

MAXIMUM REVOLVING CREDIT FACILITY AMOUNT. The Maximum Revolving Credit Facility
Amount is reset at $35,000,000. Accordingly the definition of "Maximum Revolving
Credit Facility" in SECTION 1.1 of the Loan Agreement is amended in its entirety
to read as follows:

          "MAXIMUM REVOLVING CREDIT FACILITY AMOUNT means $35,000,000."

     Borrower agrees to execute and deliver to Agent on or before March 22, 2000
replacement Notes in the aggregate amount of the revised Maximum Revolving
Credit Facility Amount, which replacement Notes are given in substitution and
replacement for the existing Notes and not in payment or satisfaction of such
existing Notes. Such replacement Notes shall be in form and content acceptable
to Agent. All references to Notes in the Loan Documents shall be deemed to be
references to the replacement Notes. Upon receipt of the original signed
replacement Notes by the Lenders, the Lenders will return to Borrower the prior
Notes marked "Replaced" or "Substituted".

INTEREST RATE. (A) GENERAL. Notwithstanding anything to the contrary contained
in the Loan Agreement or the Notes, effective as of the date hereof and at all
times hereafter, the "Base Rate plus Applicable Margin" as such term is used in
the Loan Agreement shall equal at all times three-quarter percent (3/4%) in
excess of the Base Rate in effect from time to time, each change to take effect
simultaneously with a corresponding change in the Base Rate without notice to
Borrower. Agent and Lender agree that ninety (90) days after Borrower receives
New Capital Funds in an amount at least equal to $12,000,000 (net of customary
transaction costs) as further described in SECTION 11 below and absent a Default
or an Event of Default, the "Base Rate plus Applicable Margin" as such term is
used in the Loan Agreement shall equal at all times one-quarter percent (1/4%)
in excess of the Base Rate in effect from time to time, each change to take
effect simultaneously with a corresponding change in the Base Rate without
notice to Borrower. Interest will be charged monthly in arrears and calculated
on the basis of a 360 day year.

     (b) LIBOR RATE OPTION. Notwithstanding anything to the contrary contained
in the Loan Agreement, Borrower agrees that Borrower shall have no further right
to elect that any sums outstanding under the Notes may accrue interest at the
LIBOR Rate plus Applicable Margin. Notwithstanding the foregoing, Agent and
Lender agree that ninety (90) days after Borrower receives New Capital Funds in
an amount at least equal to $12,000,000 (net of customary transaction costs) and
absent a Default or an Event of Default, Borrower shall have the right to elect
that sums outstanding under the Notes accrue interest at the LIBOR Rate plus
Applicable Margin, provided that the Applicable Margin for such LIBOR Rate Loans
shall equal three percent (3%) per annum in excess of the LIBOR Rate. All other
limitations and requirements set forth in the Loan Agreement for LIBOR Rate
Loans shall continue for any new permitted LIBOR Rate Loans under this Section.

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     (c) BASE RATE DEFINITION. The definition of "Base Rate" in SECTION 1.1 of
the Loan Agreement is amended to read in its entirely as follows:

     "BASE RATE the rate per annum which is the higher of (i) the Agent's Prime
     Rate, or (ii) the Federal Funds Rate plus 1/2%, in effect from time to time
     (such interest rate to change immediately upon any change in the Prime Rate
     or Federal Funds Rate)."LETTERS OF CREDIT. In conjunction with the
     resetting of the Maximum Revolving Credit Facility Amount, the sublimit for
     Letters of Credit is reset. Accordingly, SECTION 4.4 of the Loan Agreement
     is amended to read in its entirety as follows:

     "SUBLIMITS. Agent shall have no obligation (a) to issue any Letter of
     Credit, if the aggregate outstanding undrawn amount of all Letters of
     Credit would exceed $15,000,000.00; (b) to issue any Standby Letters of
     Credit, if the aggregate outstanding undrawn amount of all Standby Letters
     of Credit would exceed $2,000,000.00; (c) to issue any Letter of Credit, if
     a Default or Event of Default has occurred; or (d) to issue any Letter of
     Credit if the Revolving Credit Facility Usage plus the amount of such new
     Letter of Credit to be issued exceeds (i) the Borrowing Base plus permitted
     Out-Of-Formula Advances under SECTION 9 of the Third Amendment and
     Modification to this Agreement (as reduced by all Reserves), or (ii) the
     Maximum Revolving Credit Facility Amount."

TERMINATION OF REVOLVING CREDIT FACILITY AND TERMINATION FEE. In conjunction
with the resetting of the Contract Period and the Maximum Revolving Credit
Facility Amount, the early termination fees are reset. Accordingly, SECTION 7.10
of the Loan Agreement is hereby amended to read in its entirety as follows:

     "7.10 TERMINATION OF REVOLVING CREDIT FACILITY AND TERMINATION FEE .
     Borrower may terminate the Revolving Credit Facility only upon at least
     thirty (30) days' prior written notice to Agent and payment to Agent (for
     the pro rata benefit of the Lenders) of a termination fee as set forth
     below.

     Such termination fee shall be payable if the Revolving Credit Facility is
     terminated regardless of the source of funds used to repay in full the
     Obligations, including without limitation financing provided by another
     Person, financing provided by

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     one or more of the Lenders, the proceeds of a debt or equity offering by
     Borrower, a sale of any of the assets of Borrower or a "securitization" of
     any assets of Borrower. The following termination fees shall be payable:

               (i) If the termination occurs on or before March 15, 2001, the
          termination fee will be equal $1,050,000.00.

               (ii) If the termination occurs after March 15, 2001, but on or
          before March 14, 2002, the termination fee will be equal to
          $700,000.00.

     In the event the Revolving Credit Facility is terminated as a result of an
     Event of Default, Agent (for the pro rata benefit of the Lenders) shall be
     entitled to receive the termination fee required to be paid under the prior
     paragraphs. In the event that Agent, Requisite Lenders or all Lenders, as
     required under this Agreement, agree to waive any Event of Default but
     require as a condition of such waiver that the Contract Period be reduced
     or the Revolving Credit Facility be terminated within a finite time period
     after such waiver, Agent (for the pro rata benefit of the Lenders) shall be
     entitled to receive the termination fee required to be paid under the prior
     paragraphs.

     The termination fee shall be presumed to be the amount of damages sustained
     by Lenders as a result of such early termination and Borrower agrees that
     it is reasonable under the circumstances currently existing. The early
     termination fee provided for in this Section shall be deemed included in
     the Obligations."

     FINANCIAL COVENANTS. ARTICLE 13 of the Loan Agreement is hereby amended to
read in its entirety as follows:

          "13.1. TANGIBLE NET WORTH. Borrower will maintain Tangible Net Worth
     of not less than the following amounts for the following periods:

    Amount                                     Periods
    ------                                     -------
$48,809,000.00              as of November 30, 1999 and at all times  thereafter
                            until  January 28, 2000;

$39,340,000.00              as of January 29, 2000  $36,500,000.00 as of January

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                            30, 2000 and at all times thereafter until
                            April 28, 2000;

$37,000,000.00              as of April 29, 2000 and at all times thereafter
                            until June 30, 2000;

$37,500,000.00              as of July 1, 2000 and at all times thereafter until
                            August 25, 2000;

$37,000,000.00              as of August 26, 2000 and at all times thereafter
                            until  September 29, 2000;

$36,500,000.00              as of September 30, 2000 and at all times
                            thereafter until October 27, 2000;

$37,250,000.00              as of October 28, 2000 and at all times
                            thereafter until November 24, 2000;

$38,000,000.00              as of November 25, 2000 and at all times thereafter
                            until December 29, 2000; and

$39,500,000.00              as of December 30, 2000 and at all times thereafter.

          13.2. INDEBTEDNESS TO TANGIBLE NET WORTH RATIO. Borrower will maintain
     a ratio of Indebtedness (excluding any Subordinated Indebtedness) to
     Tangible Net Worth of not more than the following ratios for the following
     periods.

Maximum Permitted Ratio                    Periods
-----------------------                    -------
1.08 to 1.0                  as of January 29,2000;1.45 to 1.0 as of January
                             30, 2000 and at all times through February 2,
                             2001; and

1.15 to 1.0                  as of February 3, 2001 and at all times thereafter.

          13.3. CAPITAL EXPENDITURES. Borrower will not cause, suffer or permit
     Borrower's aggregate annual Capital Expenditures to exceed the following
     amounts for the following periods:

      Amount                                Periods
      ------                                -------
  $7,000,000.00               for the Fiscal Year ending January, 2000; and

  $7,500,000.00               for the Fiscal Year ending January, 2001 and for
                              each fiscal year-end thereafter.

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     To the extent that the permitted amount of Capital Expenditures are not
     used in any one fiscal year, the unused portion not to exceed fifty percent
     (50%) of permitted Capital Expenditures for such year may be utilized in
     the following fiscal year. The limitations on permitted Capital
     Expenditures set forth above shall not apply to Capital Expenditures funded
     with Warrant Proceeds as permitted under SECTION or to Capital Expenditures
     made by Borrower to repair or replace items damaged by a casualty loss.

          13.4. FIXED CHARGE COVERAGE RATIO. Borrower will maintain a Fixed
     Charge Coverage Ratio tested quarterly on a rolling four (4) quarters basis
     of not less than following ratio for the following periods:

     Ratio                                    Periods
     -----                                    -------
 1.10 to 1.0         as of the fiscal  quarter  ending  January  31, 2001 and as
                     of the end of each fiscal quarter end thereafter.

          13.5. NET INCOME/NET LOSS. Borrower will maintain a level of Net
     Income for each fiscal month, commencing with the fiscal month ending March
     31, 2000, so that its loss for each such fiscal month is not greater than
     $1,000,000.00. Compliance with this covenant will be calculated on a
     month-by-month basis without carrying forward or carrying back any income
     or loss from any other periods.

          13.6. MOST FAVORED LENDER. Borrower agrees promptly to notify Agent of
     any agreement for borrowed money to which Borrower is a party or under
     which it is obligated and to provide Agent with a copy of such agreement.
     If such agreement contains or at any time is amended to contain financial
     covenants more restrictive than those contained in this SECTION, upon
     Agent's request, Borrower agrees to amend this Agreement accordingly so
     that the covenants contained herein are substantially the same as those
     contained in such other agreements for borrowed money."

DELETION OF CERTAIN SECTIONS. SECTIONS 3.7, 6.4 AND 12.24 of the Loan Agreement
are hereby deleted and shall be of no further force and effect.

NEW STORE LOCATIONS. Borrower agrees that Borrower will not open any new store
locations after the date hereof without the prior written consent of Agent which
consent may be withheld

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by Agent at its sole discretion.

PERMITTED OUT-OF-FORMULA ADVANCES AND USAGE. Notwithstanding anything contained
in the Loan Agreement, the Loan Documents or any other document to the contrary,
the Revolving Credit Facility Usage may exceed the formula availability
calculated pursuant to SECTIONS 2.1 AND 2.3 of the Loan Agreement by an amount
not to exceed (i) $4,500,000.00 for a period commencing on the date hereof and
ending on May 15, 2000, (ii) $3,400,000.00 for a period commencing on May 16,
2000 and ending on June 15, 2000, and (iii) $2,500,000.00 for a period
commencing on June 16, 2000 and ending on June 30, 2000. On June 30, 2000, all
Out-Of-Formula Advances must be repaid in full. In no event shall the
outstanding Revolving Credit Facility Usage (including the permitted
Out-Of-Formula Advances described above) exceed $35,000,000.00. The provisions
in that certain letter agreement among the Borrower, Guarantors, Lender and
Agent dated February 11, 2000 regarding permitted Out-Of-Formula Advances is
hereby terminated and shall be of no further force or effect. For purposes of
this Amendment and the Loan Agreement "Out-Of-Formula Advances" shall be
redefined to mean the amount by which the then existing Revolving Credit
Facility Usage exceeds the then applicable Borrowing Base.

Upon the occurrence of a Default or an Event of Default under the Loan
Documents, at the Agent's option, Borrower will repay all Out-Of-Formula
Advances.

ADDITIONAL GUARANTOR. On or before March 22, 2000 Borrower will comply with and
will cause Todaysman.com, Inc., its newly formed Subsidiary to comply with the
provisions of SECTION 11.23 of the Loan Agreement regarding the addition of
Todaysman.com, Inc. as an additional Guarantor.

NEW CAPITAL FUNDS. Borrower has represented to Lender and Agent that Borrower is
seeking to raise additional equity funds or subordinated debt financing ("NEW
CAPITAL FUNDS") from various sources. Borrower acknowledges and agrees that the
issuance of stock in connection with Borrower obtaining new equity, the
incurrence of new subordinated indebtedness and matters related to obtaining
such New Capital Funds will require the prior written consent of Lender and
Agent. Borrower agrees to provide Agent with weekly up-dates regarding its
current and future efforts to obtain New Capital Funds and agrees to provide
Agent with copies of all material undertakings, commitments or similar proposals
or agreements to provide New Capital Funds promptly upon receipt of such items
by Borrower, together with a description of how Borrower intends to respond to
such proposals, the timetable for such transactions and such information as
Agent may reasonably require regarding the source and terms of such New Capital
Funds.

MORTGAGE. On or before March 22, 2000, Borrower will execute or cause the owner
to execute and deliver to Agent for the benefit of the Lenders a mortgage to be
recorded by Agent, in form and content acceptable to Agent and Lender,
encumbering the premises owned by David Feld located in Moorestown, New Jersey
and all improvements thereon and all rents, leases, rights, licenses and
approvals related thereto, together with such collateral documents and due
diligence

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<PAGE>

items as Agent may require. Such mortgage lien shall be subject only to such
prior mortgage liens as may be acceptable to Agent.

FINANCIAL PLAN. On or before March 24, 2000, Borrower shall provide to Agent a
written financial plan for Borrower's fiscal year 2000, in form and content
acceptable to Agent, setting forth the operations, financial condition, balance
sheet, cash flows and availability schedules, and any other matter or thing
related thereto as requested by Agent.

CONSULTANT. Borrower has represented to Lender and Agent that Borrower is in the
process of engaging a consultant to assist Borrower in obtaining the New Capital
Funds; in preparing, completing and implementing a business plan for fiscal year
2000; and in general business operations. Borrower agrees to provide Agent with
weekly updates regarding its efforts to engage such consultant and to provide
Agent promptly with background information regarding each proposed consultant.

VENDORS AND FACTORS. On or before March 31, 2000, Borrower shall deliver to
Agent written evidence, in form and content acceptable to Agent in its sole
discretion, that unsecured trade credit lines in amounts and on terms acceptable
to Agent in its sole discretion are available to Borrower from its key vendors
and factors.

FEES. Borrower agrees to pay to Agent (for the benefit of Lender) the fees set
forth in that certain fee letter between Borrower and Agent of even date
herewith.

CONFIRMATION OF COLLATERAL. Nothing contained herein shall be deemed to be a
compromise, satisfaction, accord and satisfaction, novation or release of any of
the Loan Documents, or any rights or obligations thereunder, or a waiver by
Agent or any Lender of any of its rights under the Loan Documents or at law or
in equity. All liens, security interest, rights and remedies granted to Agent or
Lenders in Loan Documents are hereby ratified, confirmed and continued.

CHALLENGE TO ENFORCEMENT. Borrower and Guarantors acknowledge and agree that
they do not have any defense, set-off, counterclaim or challenge against the
payment of any sums owing under the Loan Documents, or the enforcement of any of
the terms or conditions thereof.

REPRESENTATION WARRANTIES. Borrower and Guarantors hereby represent and warrant,
which representations and warranties shall survive until all Obligations are
paid and satisfied in full, as follows:

          (a) All representations and warranties of Borrower and Guarantors set
     forth in the Loan Documents are true and complete in all material respects
     as of the date hereof. Borrower and Guarantors will certify and deliver to
     Agent revised Schedules to the Loan Documents on or before March 22, 2000
     reflecting any new or revised facts or circumstances. Borrower and
     Guarantors represent and warrant to Lenders that all of such revised facts
     and circumstances have been previously disclosed to Lenders verbally by
     Borrower and in no way are

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<PAGE>

     likely to result in any Material Adverse Change.

          (b) Upon the execution of this Amendment, no condition or event exists
     or has occurred which would constitute an event of default under the Loan
     Documents or under any other agreement between Borrower, any Guarantor and
     any other third party (or would, upon the giving of notice or the passage
     of time, or both constitute an event of default).

          (c) Borrower has not received any notice of default or event of
     default from any other lender, trustee or lessor with respect to any other
     loan, financing or lease agreement.

          (d) The execution and delivery of this Amendment by Borrower and
     Guarantors and all documents and agreements to be executed and delivered
     pursuant to the terms hereof:

               (1) have been duly authorized by all requisite corporate action
          by Borrower and by each Guarantor;

               (2) will not conflict with or result in the breach of or
          constitute a default (upon the passage of time, delivery of notice or
          both) under Borrower's or any Guarantor's Articles of Incorporation,
          By-Laws or any applicable statute, law, rule, regulation or ordinance
          or any indenture, mortgage, loan or other document or agreement to
          which Borrower or any Guarantor is a party or by which any of them is
          bound or affected; and

               (3) will not result in the creation or imposition of any lien,
          charge or encumbrance of any nature whatsoever upon any of the
          property or assets of Borrower or any Guarantor, except liens in favor
          of the Agent or as permitted hereunder or under the Loan Documents.

               (4) DEFAULT. Any default by Borrower or Guarantors of any of the
          terms, conditions or covenants set forth in this Amendment shall
          constitute an Event of Default under the Loan Agreement.

               (5) CONDITIONS. The obligation of Agent and Lender to enter into
          this Amendment is subject to the following conditions (any of which
          may be waived by Agent):

               (6) LOAN DOCUMENTS. Borrower and Guarantors and all other
          required persons and entities will have executed and

                                                                               9
<PAGE>

          delivered to Agent this Amendment and such other documents as Agent
          may require.

               (6) REPRESENTATIONS AND WARRANTIES. All representations and
          warranties of Borrower and Guarantors set forth in the Loan Documents,
          as amended hereby and as qualified by SECTION 19(A) of this Amendment,
          will be true at and as of the date hereof.

               (7) NO DEFAULT. No condition or event shall exist or have
          occurred which would constitute a Default or an Event of Default
          hereunder.

               (8) OTHER DOCUMENTS. Such other documents as may be required to
          be submitted to Agent by the terms hereof or any of the Loan Documents
          shall have been delivered by or on behalf of Borrower and Guarantors
          to Agent.

               (9) ADDITIONAL DOCUMENTS; FURTHER ASSURANCES. Borrower covenants
          and agrees to execute and deliver to Agent, or to cause to be executed
          and delivered to Agent contemporaneously herewith, at the sole cost
          and expense of Borrower, any and all other documents, agreements,
          statements, resolutions, certificates, consents and information as
          Agent may require in connection with the matters or actions described
          herein. Borrower further covenants and agrees to execute and deliver
          to Agent or to cause to be executed and delivered at the sole cost and
          expense of Borrower, from time to time, any and all other documents,
          agreements, statements, certificates and information as Agent shall
          reasonably request to evidence or effect the terms hereof, the Loan
          Agreement, as amended, or any of the other Loan Documents, or to
          enforce or to protect Agent's interest in the Collateral. All such
          documents, agreements, statements, certificates and information shall
          be in form and content acceptable to Agent in its sole discretion.

               (10) CERTAIN FEES, COSTS, EXPENSES AND EXPENDITURES. Borrower
          will pay all of the Agent's expenses in connection with the review,
          preparation, negotiation, documentation and closing of this Amendment
          and the consummation of the transactions contemplated hereunder,
          including without limitation, costs and fees and expenses of counsel
          retained by Agent and all fees related to filings, recording of
          documents and searches, whether or not the transactions contemplated
          hereunder are consummated. Nothing contained herein shall limit in any
          manner whatsoever any Lender's or Agent's right to reimbursement under
          any of the Loan Documents.

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<PAGE>

               (11) COMMUNICATIONS AND NOTICES. All notices, requests and other
          communications made or given in connection with this Amendment shall
          be made in accordance with the provisions of the Loan Agreement.

               (12) TIME OF ESSENCE. Time is of the essence of this Amendment.

               (13) NO WAIVER. Except as otherwise provided herein, nothing
          contained and no actions taken by Agent in connection herewith shall
          constitute nor shall they be deemed to be a waiver, release or
          amendment of or to any rights, remedies, or privileges afforded to
          Agent under the Loan Documents or under the UCC. Nothing herein shall
          constitute a waiver by Agent of Borrower's or any Guarantor's
          compliance with the terms of the Loan Documents, nor shall anything
          contained herein constitute an agreement by Agent to enter into any
          further amendments with Borrower and Guarantors.

               (14) INCONSISTENCIES. To the extent of any inconsistencies
          between the terms and conditions of this Amendment and the terms and
          conditions of the Loan Documents, the terms and conditions of this
          Amendment shall prevail. All terms and conditions of the Loan
          Documents not inconsistent herewith shall remain in full force and
          effect and are hereby ratified and confirmed by Borrower and
          Guarantors.

               (15) BINDING EFFECT. This Amendment and all rights and powers
          granted hereby will bind and inure to the benefit of the parties
          hereto and their respective permitted successors and assigns.

               (16) SEVERABILITY. The provisions of this Amendment and all other
          Loan Documents are deemed to be severable, and the invalidity or
          unenforceability of any provision shall not affect or impair the
          remaining provisions which shall continue in full force and effect.

               (17) NO THIRD PARTY BENEFICIARIES. The rights and benefits of
          this Amendment and the Loan Documents shall not inure to the benefit
          of any third party.

               (18) MODIFICATIONS. No modifications of this Amendment or any of
          the Loan Documents shall be binding or

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<PAGE>

          enforceable unless in writing and signed by or on behalf of the party
          against whom enforcement is sought.

               (18) HOLIDAYS. If the day provided herein for the payment of any
          amount or the taking of any action falls on a Saturday, Sunday or
          public holiday at the place for payment or action, then the due date
          for such payment or action will be the next succeeding Business Day.

               (19) LAW GOVERNING. This Amendment has been made, executed and
          delivered in the Commonwealth of Pennsylvania and will be construed in
          accordance with and governed by the laws of such Commonwealth, without
          regard to any rules or principles regarding conflicts of law or any
          rule or canon of construction which interprets agreements against the
          draftsman.

               (20) HEADINGS. The headings of the Articles, Sections, paragraphs
          and clauses of this Amendment are inserted for convenience only and
          shall not be deemed to constitute a part of this Amendment.

               (21) COUNTERPARTS; FACSIMILE SIGNATURES. This Amendment may be
          executed in any number of counterparts, all of which taken together
          constitute one and the same instrument, and any of the parties hereto
          may execute this Amendment by signing any such counterpart. Any
          signature delivered via facsimile shall be deemed an original
          signature hereto.

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<PAGE>

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement,
intending to be legally bound hereby.

                                 BORROWER:

                                 TODAY'S MAN, INC., a Pennsylvania corporation

                                 By: ____________________________________
                                     Frank E. Johnson, Executive Vice President
[CORPORATE SEAL]

                                 GUARANTORS:

                                 BENMOL, INC., a Delaware corporation

                                 By: ____________________________________
                                     Frank E. Johnson, President
[CORPORATE SEAL]

                                 D & L, INC., a Delaware corporation

                                 By: ____________________________________
                                     Frank E. Johnson, President
[CORPORATE SEAL]

                                 FELD & FELD, INC., a Delaware corporation

                                 By: ____________________________________
                                     Frank E. Johnson, President
[CORPORATE SEAL]

                                 TODAYSMAN.COM, INC., a Delaware corporation

                                 By: ____________________________________
                                        Frank E. Johnson, President

[CORPORATE SEAL]
                       (SIGNATURES CONTINUED ON NEXT PAGE)

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<PAGE>

                    (SIGNATURES CONTINUED FROM PREVIOUS PAGE)

                                 LENDERS:

                                 MELLON BANK, N.A.

                                 By: ____________________________________
                                 Name/Title: _____________________________

                                 AGENT:

                                 MELLON BANK, N.A.

                                 By: ____________________________________
                                 Name/Title: _____________________________

                                                                              14FOURTH AMENDMENT AND MODIFICATION
                         TO LOAN AND SECURITY AGREEMENT

     THIS FOURTH AMENDMENT AND MODIFICATION TO LOAN AND SECURITY AGREEMENT (the
"AMENDMENT") is made effective as of May 1, 2000 by and among TODAY'S MAN, INC.,
a Pennsylvania corporation ("BORROWER"); each of the Subsidiaries of the
Borrower identified under the caption "Guarantor" on the signature pages of this
Amendment (individually, a "GUARANTOR" and, collectively, the "GUARANTORS");
each of the financial institutions identified under the caption "Lenders" on the
signature pages of this Amendment (including without limitation Mellon in such
capacity) (individually, a "LENDER" and, collectively, the "LENDERS"); and
MELLON BANK, N.A., a national banking association, as agent for the Lenders (in
such capacity, together with its successors in such capacity, the "AGENT").

                                   BACKGROUND

     A. Borrower, Guarantors, Lender and Agent previously entered into a certain
Loan and Security Agreement dated December 4, 1998, as amended by (i) that
certain First Amendment and Modification to Loan and Security Agreement dated
April 28, 1999, (ii) that certain Second Amendment and Modification to Loan and
Security Agreement dated October 13, 1999, and (iii) that certain Third
Amendment and Modification to Loan and Security Agreement dated March 15,
2000(the "THIRD AMENDMENT") (collectively, the "LOAN AGREEMENT"), pursuant to
which, INTER ALIA, Lender agreed to extend to Borrower a revolving credit
facility up to a maximum outstanding principal amount of Thirty-Five Million
Dollars ($35,000,000.00).

     B. Borrowers, Guarantors, Lender and Agent are entering into this Amendment
to amend certain terms and conditions of the Loan Agreement.

     C. Capitalized terms used herein and not otherwise defined herein shall
have the meanings set forth for such terms in the Loan Agreement.

          NOW, THEREFORE, in consideration of the foregoing premises and
intending to be legally bound hereby, the parties hereto agree as follows:

          1. DEFINITIONS. SECTION 1.1 of the Loan Agreement shall be and is
hereby amended to add the following additional definition:

          "TMCI means Todaysman.com Inc., a Delaware corporation."

          2. ELIGIBLE LANDED INVENTORY. The term "ELIGIBLE LANDED INVENTORY" as
defined in SECTION 1.1 of the Loan Agreement shall be and is hereby amended to
read, in its entirety, as follows:

<PAGE>

               "ELIGIBLE LANDED INVENTORY means Borrower's and TMCI's inventory
consisting of first quality finished goods held for sale in the ordinary course
of Borrower's and TMCI's business, that are located at or in-transit between an
Eligible Inventory Location, that strictly comply with each and all of the
representations and warranties respecting inventory made by Borrower and TMCI in
the Loan Documents, and that are and at all times continue to be acceptable to
the Agent in all respects; PROVIDED, HOWEVER, that standards of eligibility may
be fixed and revised from time to time by Agent on behalf of the Lender Group in
its discretion. An item of inventory shall not be included in Eligible Landed
Inventory if:

               (A) it is held by Borrower or TMCI on consignment, is not owned
solely by Borrower or TMCI, as applicable, or Borrower or TMCI, as applicable,
does not have good, valid, and marketable title thereto;

               (B) it is not located at an Eligible Inventory Location, or
in-transit between two (2) Eligible Inventory Locations;

               (C) it is not (i) located on property owned or leased by Borrower
or TMCI, or (ii) in a contract warehouse, in each case, segregated or otherwise
separately identifiable from goods of others, if any, stored on the premises;

               (D) it is not subject to a valid and perfected first priority
security interest in favor of the Agent on behalf of the Lender Group;

               (E) it consists of damaged goods or goods classified as "return
to vendor";

               (F) it is obsolete, a restricted or custom item, or constitutes
stores, packaging and shipping materials or supplies used or consumed in
Borrower's or TMCI's business;

               (G) it is subject to a Lien in favor of any third Person;

               (H) it consists of bill-and-hold goods;

                                        2
<PAGE>

               (I) it consists of goods classified as "seconds," or goods
acquired on consignment;

               (J) it is slow-moving, as determined by Agent based in the
reasonable judgment of Agent;

               (K) it consists of raw materials;

               (L) it consists of work-in-process;

               (M) it consists of finished goods which do not meet the
specifications of the purchase order for which they were manufactured;

               (N) it consists of goods produced in violation of the Fair Labor
Standards Act and subject to the so-called "hot goods" provision in Title 29
U.S.C. Section 215(a); or

               (O) it consists of goods for which Agent would need a license,
permit or consent to sell or dispose of.

          For the purposes of determining Eligible Landed Inventory, there shall
be a reduction for outstanding gift certificates valued at cost and shrinkage
and unreconcilable variances, if any, between the general ledger and the monthly
inventory ledger. Such reduction shall be separately accounted for by Borrower
and TMCI."

     3. APPRAISED INVENTORY LIQUIDATION VALUE. The term "APPRAISED INVENTORY
LIQUIDATION VALUE" as defined in SECTION 1.1 of the Loan Agreement shall be and
is hereby amended to read, in its entirety, as follows:

          "APPRAISED INVENTORY LIQUIDATION VALUE" means the appraised
liquidation value of Borrower's or TMCI's inventory, as applicable (based on the
most recent appraisal obtained by Agent, such appraisal by appraisers, and
performed at the times, specified in SECTION 11.19)."

     4. BORROWING BASE. SECTION 2.3 of the Loan Agreement shall be and is hereby
amended to read, in its entirety, as follows:

     "2.3. BORROWING BASE. The "BORROWING BASE" as of the applicable date of
     determination shall be determined based upon the following advance rates
     and calculations:

                                        3
<PAGE>

          (I) An advance rate of up to 85% of Borrower's and TMCI's Eligible
Credit Card Accounts; PLUS

          (II) An advance rate of up to the lesser of (i) 65% of the Value of
Borrower's Eligible Landed Inventory, or (ii) 85% of the Appraised Inventory
Liquidation Value of Borrower's Eligible Landed Inventory; PLUS

          (III) An advance rate of up to the lesser of (i) 65% of the Value of
TMCI's Eligible Landed Inventory, or (ii) 85% of the Appraised Inventory
Liquidation Value of TMCI's Eligible Landed Inventory; PLUS

          (IV) An advance rate of up to 65% of the Value of Borrower's Eligible
In-Transit Inventory; PLUS

          (V) An advance rate of up to 65% of the outstanding, undrawn amount of
Merchandise Letters of Credit issued by Agent in connection with the purchase by
Borrower of finished goods inventory or cut, make and trim inventory (but not in
connection with the purchase of raw materials); MINUS

          (VI) All Reserves."

     5. COLLATERAL. Borrower and Guarantors agree that the term "Collateral" as
defined in SECTION 8.5 of the Loan Agreement shall mean the collateral described
in SECTION 8.1, 8.2 AND 8.3 of the Loan Agreement and the "Collateral" pledged
to Agent by TMCI as defined in that certain Security Agreement from TMCI in
favor of Agent dated March 22, 2000 (the "SECURITY AGREEMENT). Borrower and
Guarantors agree that any and all references to "Collateral" in the Loan
Agreement shall include the "Collateral" as defined in the Security Agreement.

     6. COLLECTION OF ACCOUNTS; PROCEEDS OF COLLATERAL.

          (A) COLLECTION. TMCI will collect its accounts only in the ordinary
course of its business.

          (B) PROCEEDS. TMCI agrees that any proceeds of the Collateral shall be
paid, held and/or applied in the same manner and extent as monies received by
Borrower which are proceeds of the Collateral in accordance with SECTIONS 8.6(A)
THROUGH 8.6(G) of the Loan Agreement.

                                        4
<PAGE>

          (C) POWER OF ATTORNEY. Agent (and Agent's officers, employees and
agents) are granted a power of attorney by TMCI with full power of substitution
to execute on behalf of Borrower and in TMCI's name or to endorse TMCI's name on
any check, draft, instrument, note or other item of payment or to take any other
action or sign any document in order to effectuate the foregoing. Such power of
attorney being coupled with an interest is irrevocable.

     7. INVENTORY LOCATIONS. SECTION 9.27 of the Loan Agreement shall be and is
hereby amended to read, in its entirety, as follows:

     "9.27 INVENTORY LOCATIONS.

          (A) ALL INVENTORY. All of Borrower's and TMCI's inventory in the
United States is currently located at or in transit between one of the locations
set forth on SCHEDULE 9.27(A). SCHEDULE 9.27(A) sets forth the street address
and the name of the owner/lessor/warehouseman, as applicable, for such location.

          (B) ELIGIBLE INVENTORY LOCATIONS. SCHEDULE 9.27(B) sets forth all
Eligible Inventory Locations of Borrower and TMCI. Each Eligible Inventory
Location is and will be owned by Borrower or TMCI, as applicable, or leased by
Borrower or TMCI, as applicable, or is or will be a contract public warehouse.

          (C) ADDITIONS TO ELIGIBLE INVENTORY LOCATIONS. Borrower and TMCI and
Agent may modify SCHEDULE 9.27(B) to add new Eligible Inventory Locations by
executing a written amendment to this Agreement in form and content acceptable
to Agent, PROVIDED THAT Borrower and TMCI comply with all of the following
conditions:

               (I) Borrower or TMCI, as applicable, executes and delivers to
Agent such UCC-1 financing statements covering all inventory and related assets
of Borrower or TMCI, as applicable, to be located at such new location(s) as may
be required by Agent to perfect Agent's Lien in such inventory and related
assets.

               (II) Agent receives written confirmation that such new UCC-1
financing statements have been filed in the appropriate offices required to
perfect Agent's Lien (for the pro rata benefit of the Lenders) at such new
location(s).

                                        5
<PAGE>

               (III) Agent receives a search report from a reputable search
company confirming that there are no other Liens encumbering any of Borrower's
or TMCI's assets at such new location(s), except the Lien in favor of Agent (for
the pro rata benefit of the Lenders).

               (IV) Agent receives a copy of the lease, sub-lease, warehouse
agreement or similar agreement entered into by Borrower or TMCI, as applicable,
with the owner, lessor or operator of the new location(s).

               (V) Agent receives evidence satisfactory to Agent that all assets
of Borrower or TMCI, as applicable, at such new location(s) are covered by the
insurance coverage required under SECTION 11.6(A).

               (VI) Borrower or TMCI uses its best efforts to provide to Agent
(for the pro rata benefit of Lenders) a Mortgage securing the Obligations and
encumbering Borrower's of TMCI's leasehold interest in such new location,
together with a Landlord's Consent from the owner/lessor, title insurance,
evidence of compliance with applicable environmental laws, evidence of insurance
coverage, flood zone certifications and such other items as Agent may require,
all of which must be in form, content and amount (if applicable) acceptable to
Agent.

               (VII) Agent receives a Collateral Access Agreement from the
owner/lessor of the new location in form and content acceptable to Agent."

     8. CREDIT CARDS. SECTION 9.32 of the Loan Agreement shall be and is hereby
amended to read, in its entirety, as follows:

     "9.32. CREDIT CARDS. SCHEDULE 9.32 sets forth an accurate and complete list
     of all agreements between Borrower or TMCI and any issuers of credit cards
     or credit card processors and all amendments and modifications thereto
     (collectively, the "CREDIT CARD AGREEMENTS"). Borrower and TMCI are not in
     default of any of their obligations under the Credit Card Agreements."

     9. INVENTORY APPRAISALS. SECTION 11.19 of the Loan Agreement shall be and
is hereby amended to read, in its entirety, as follows:

                                        6
<PAGE>

     "11.19. INVENTORY APPRAISALS. Borrower and TMCI, at Borrower's sole cost
     and expense, will provide to Agent a new current appraisal of Borrower's
     and TMCI's inventory based upon an appraised liquidation value acceptable
     to Agent and in form and content acceptable to Agent, on or before March
     31, 2000 and annually thereafter on or before March 31st of each calendar
     year."

     10. CREDIT CARD COVENANTS. SECTION 11.25 of the Loan Agreement shall be and
is hereby amended to read, in its entirety, as follows:

     "11.25. CREDIT CARDS. Borrower and TMCI will (a) comply in all material
     respects with the terms and conditions of the Credit Card Agreements, (b)
     submit all credit card charges resulting from the sale of inventory by
     Borrower or TMCI to the issuing credit card company or the credit card
     processor, (c) request that the issuing credit card company or credit card
     processor remit payment for the credit card charges submitted by Borrower
     or TMCI by ACH remittance to the Cash Collateral Account as soon as
     possible under the terms of the Credit Card Agreements after such credit
     card charges are submitted for processing by Borrower or TMCI, and comply
     with all requirements and conditions in the Credit Card Agreements to
     enable such remittances to be made within such time period, and (d) not
     take any actions which will increase any full recourse or charge back
     liabilities of Borrower or TMCI under the Credit Card Agreements."

     11. BORROWING BASE CERTIFICATIONS AND RELATED DOCUMENTS. SECTION 14.5 of
the Loan Agreement shall be and is hereby amended to read, in its entirety, as
follows:

     "14.5. BORROWING BASE CERTIFICATIONS AND RELATED DOCUMENTS. At least once
     every calendar week and otherwise as requested by Agent, a Borrowing Base
     Certificate in the form of EXHIBIT H attached hereto together with such
     additional information as may be requested by Agent, certified as to
     accuracy by the chief financial officer, controller, director of corporate
     reporting, or president of Borrower and TMCI."

     12. INVENTORY BORROWING BASE INFORMATION AND RELATED DOCUMENTS. SECTION
14.7 of the Loan Agreement shall be and is hereby amended to read, in its
entirety, as follows:

     "14.7. INVENTORY BORROWING BASE INFORMATION AND RELATED DOCUMENTS. At least
     once every calendar week and otherwise as requested by Agent, an inventory
     certification in the form of

                                        7
<PAGE>

     EXHIBIT I attached hereto, together with such additional information and
     details as may be requested by Agent, including without limitation
     identification of all Eligible Inventory and identification of ineligible
     items including gift certificates, shrinkage and unreconcilable variances,
     all certified as to accuracy by the chief financial officer, controller,
     director of corporate reporting, or president of Borrower and TMCI."

     13. OTHER AGREEMENTS.

          (A) TMCI agrees to join in and be bound by the grant of a first
priority security interest in the assets of TMCI as set forth in SECTION 8.1 of
the Loan Agreement.

          (B) TMCI agrees acknowledges and confirms all representations and
warranties made by Guarantor under the Loan Documents, including without
limitation, TMCI acknowledges and confirms that the Eligible Inventory
Warranties made by Borrower in SECTION 9.19 of the Loan Agreement shall be
deemed to be representations and warranties made by TMCI with respect to the
Collateral pledged by TMCI to Agent under the Security Agreement.

          (C) TMCI agrees to join in and be bound by all covenants and
agreements applicable to a Guarantor under SECTIONS 11 AND 12 of the Loan
Agreement.

          (D) TMCI agrees to be subject to all remedies exercisable by Agent or
any Lender under SECTION 17.2 of the Loan Agreement.

          (E) TMCI agrees to join in and be bound by all waivers made by
Borrower and Guarantors under the Loan Agreement, including without limitation,
the waivers set forth in SECTIONS 19.2, 19.3, 24.17 AND 24.18 of the Loan
Agreement.

          (F) TMCI agrees that if Borrower ceases to own directly or indirectly
through a Subsidiary who is a Guarantor, 100% of the ownership interests in or
assets of TMCI, the occurrence of such event shall constitute an Event of
Default under the Loan Agreement and Agent and Lender may exercise any rights or
remedies available to Agent or Lender under the Loan Documents, at law or in
equity.

     14. CONFIRMATION OF COLLATERAL. Nothing contained herein shall be deemed to
be a compromise, satisfaction, accord and satisfaction, novation or release of
any of the Loan Documents, or any rights or obligations thereunder, or a waiver
by Agent or any Lender of any of its rights under the Loan Documents or at law
or in equity. All liens, security interest, rights and remedies granted to Agent
or Lenders in Loan Documents are hereby ratified, confirmed and continued.
Borrowers and Guarantors acknowledge and agree that the term "Loan Documents" as
used in the Loan Agreement and any other documents executed in connection
therewith shall

                                        8
<PAGE>

include, without limitation, this Amendment, the Third Amendment and any and all
other documents executed in connection therewith.

     15. CHALLENGE TO ENFORCEMENT. Borrower and Guarantors acknowledge and agree
that they do not have any defense, set-off, counterclaim or challenge against
the payment of any sums owing under the Loan Documents, or the enforcement of
any of the terms or conditions thereof.

     16. REPRESENTATION WARRANTIES. Borrower and Guarantors (including TMCI)
hereby represent and warrant, which representations and warranties shall survive
until all Obligations are paid and satisfied in full, as follows:

          (A) All representations and warranties of Borrower and Guarantors set
forth in the Loan Documents are true and complete in all material respects as of
the date hereof. Borrower and Guarantors will certify and deliver to Agent
revised Schedules to the Loan Documents on or before May 5, 2000 reflecting any
new or revised facts or circumstances. Borrower and Guarantors represent and
warrant to Lenders that all of such revised facts and circumstances have been
previously disclosed to Lenders verbally by Borrower and in no way are likely to
result in any Material Adverse Change.

          (B) Upon the execution of this Amendment, no condition or event exists
or has occurred which would constitute an event of default under the Loan
Documents or under any other agreement between Borrower, any Guarantor and any
other third party (or would, upon the giving of notice or the passage of time,
or both constitute an event of default).

          (C) Borrower has not received any notice of default or event of
default from any other lender, trustee or lessor with respect to any other loan,
financing or lease agreement.

          (D) The execution and delivery of this Amendment by Borrower and
Guarantors and all documents and agreements to be executed and delivered
pursuant to the terms hereof:

               (I) have been duly authorized by all requisite corporate action
by Borrower and by each Guarantor;

               (II) will not conflict with or result in the breach of or
constitute a default (upon the passage of time, delivery of notice or both)
under Borrower's or any Guarantor's Articles of Incorporation, By-Laws or any
applicable statute, law, rule, regulation or ordinance or any indenture,
mortgage, loan or other document or agreement to which Borrower or any Guarantor
is a party or by which any of them is bound or affected; and

               (III) will not result in the creation or imposition of any lien,
charge or encumbrance of any nature whatsoever upon any of the property or
assets of Borrower or any

                                        9
<PAGE>

Guarantor, except liens in favor of the Agent or as permitted hereunder or under
the Loan Documents.

     17. CONDITIONS. The obligation of Agent and Lender to enter into this
Amendment is subject to the following conditions (any of which may be waived by
Agent):

          (A) LOAN DOCUMENTS. Borrower and Guarantors and all other required
persons and entities will have executed and delivered to Agent this Amendment
and such other documents as Agent may require.

          (B) REPRESENTATIONS AND WARRANTIES. All representations and warranties
of Borrower and Guarantors set forth in the Loan Documents, as amended hereby
and as qualified by SECTION 16(A) of this Amendment, will be true at and as of
the date hereof.

          (C) NO DEFAULT. No condition or event shall exist or have occurred
which would constitute a Default or an Event of Default hereunder.

          (D) OTHER DOCUMENTS. Such other documents as may be required to be
submitted to Agent by the terms hereof or any of the Loan Documents shall have
been delivered by or on behalf of Borrower and Guarantors to Agent.

     18. ADDITIONAL DOCUMENTS; FURTHER ASSURANCES. Borrower covenants and agrees
to execute and deliver to Agent, or to cause to be executed and delivered to
Agent contemporaneously herewith, at the sole cost and expense of Borrower, any
and all other documents, agreements, statements, resolutions, certificates,
consents and information as Agent may require in connection with the matters or
actions described herein. Borrower further covenants and agrees to execute and
deliver to Agent or to cause to be executed and delivered at the sole cost and
expense of Borrower, from time to time, any and all other documents, agreements,
statements, certificates and information as Agent shall reasonably request to
evidence or effect the terms hereof, the Loan Agreement, as amended, or any of
the other Loan Documents, or to enforce or to protect Agent's interest in the
Collateral. All such documents, agreements, statements, certificates and
information shall be in form and content acceptable to Agent in its sole
discretion.

     19. CERTAIN FEES, COSTS, EXPENSES AND EXPENDITURES. Borrower will pay all
of the Agent's expenses in connection with the review, preparation, negotiation,
documentation and closing of this Amendment and the consummation of the
transactions contemplated hereunder, including without limitation, costs and
fees and expenses of counsel retained by Agent and all fees related to filings,
recording of documents and searches, whether or not the transactions
contemplated hereunder are consummated. Nothing contained herein shall limit in
any manner whatsoever any Lender's or Agent's right to reimbursement under any
of the Loan Documents.

                                       10
<PAGE>

     20. COMMUNICATIONS AND NOTICES. All notices, requests and other
communications made or given in connection with this Amendment shall be made in
accordance with the provisions of the Loan Agreement.

     21. TIME OF ESSENCE. Time is of the essence of this Amendment.

     22. NO WAIVER. Except as otherwise provided herein, nothing contained and
no actions taken by Agent in connection herewith shall constitute nor shall they
be deemed to be a waiver, release or amendment of or to any rights, remedies, or
privileges afforded to Agent under the Loan Documents or under the UCC. Nothing
herein shall constitute a waiver by Agent of Borrower's or any Guarantor's
compliance with the terms of the Loan Documents, nor shall anything contained
herein constitute an agreement by Agent to enter into any further amendments
with Borrower and Guarantors.

     23. INCONSISTENCIES. To the extent of any inconsistencies between the terms
and conditions of this Amendment and the terms and conditions of the Loan
Documents, the terms and conditions of this Amendment shall prevail. All terms
and conditions of the Loan Documents not inconsistent herewith shall remain in
full force and effect and are hereby ratified and confirmed by Borrower and
Guarantors.

     24. BINDING EFFECT. This Amendment and all rights and powers granted hereby
will bind and inure to the benefit of the parties hereto and their respective
permitted successors and assigns.

     25. SEVERABILITY. The provisions of this Amendment and all other Loan
Documents are deemed to be severable, and the invalidity or unenforceability of
any provision shall not affect or impair the remaining provisions which shall
continue in full force and effect.

     26. NO THIRD PARTY BENEFICIARIES. The rights and benefits of this Amendment
and the Loan Documents shall not inure to the benefit of any third party.

     27. MODIFICATIONS. No modifications of this Amendment or any of the Loan
Documents shall be binding or enforceable unless in writing and signed by or on
behalf of the party against whom enforcement is sought.

     28. HOLIDAYS. If the day provided herein for the payment of any amount or
the taking of any action falls on a Saturday, Sunday or public holiday at the
place for payment or action, then the due date for such payment or action will
be the next succeeding Business Day.

     29. LAW GOVERNING. This Amendment has been made, executed and delivered in
the Commonwealth of Pennsylvania and will be construed in accordance with and
governed by the laws of such Commonwealth, without regard to any rules or
principles regarding conflicts of law or any rule or canon of construction which
interprets agreements against the draftsman.

                                       11
<PAGE>

     30. HEADINGS. The headings of the Articles, Sections, paragraphs and
clauses of this Amendment are inserted for convenience only and shall not be
deemed to constitute a part of this Amendment.

     31. COUNTERPARTS; FACSIMILE SIGNATURES. This Amendment may be executed in
any number of counterparts, all of which taken together constitute one and the
same instrument, and any of the parties hereto may execute this Amendment by
signing any such counterpart. Any signature delivered via facsimile shall be
deemed an original signature hereto.

     32. JOINT AND SEVERAL. The obligations of Borrower and Guarantors under
this Amendment shall be joint and several obligations.

     33. WAIVER OF RIGHT TO TRIAL BY JURY. BORROWER, GUARANTORS AND THE LENDER
GROUP WAIVE ANY RIGHT TO TRIAL BY JURY ON ANY CLAIM, DEMAND, ACTION OR CAUSE OF
ACTION (A) ARISING UNDER THIS AMENDMENT, (B) ARISING UNDER ANY OF THE OTHER LOAN
DOCUMENTS OR (C) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE
DEALINGS OF BORROWER, GUARANTORS OR ANY MEMBER OF THE LENDER GROUP WITH RESPECT
TO THIS AMENDMENT OR ANY OF THE OTHER LOAN DOCUMENTS OR THE TRANSACTIONS RELATED
HERETO OR THERETO, IN EACH CASE WHETHER SOUNDING IN CONTRACT OR TORT OR
OTHERWISE. BORROWER, GUARANTORS AND THE LENDER GROUP AGREE AND CONSENT THAT ANY
SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL
WITHOUT A JURY, AND THAT ANY PARTY TO THIS AMENDMENT MAY FILE AN ORIGINAL
COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE
CONSENT OF BORROWER, GUARANTORS AND THE LENDER GROUP TO THE WAIVER OF THEIR
RIGHT TO TRIAL BY JURY. BORROWER AND GUARANTORS ACKNOWLEDGE THAT THEY HAVE HAD
THE OPPORTUNITY TO CONSULT WITH COUNSEL REGARDING THIS SECTION, THAT THEY FULLY
UNDERSTAND ITS TERMS, CONTENT AND EFFECT, AND THAT THEY VOLUNTARILY AND
KNOWINGLY AGREE TO THE TERMS OF THIS SECTION.

                                       12
<PAGE>

          IN WITNESS WHEREOF, the parties hereto have executed this Agreement,
intending to be legally bound hereby. BORROWER:

                                       TODAY'S MAN, INC., a Pennsylvania
                                       corporation

[CORPORATE SEAL]                       By:
                                          -------------------------------------
                                              Frank E. Johnson, Executive Vice
                                              President

                                       GUARANTORS:

                                       BENMOL, INC., a Delaware corporation

                                       By:
                                          -------------------------------------
[CORPORATE SEAL]                              Frank E. Johnson, President

                                       D & L, INC., a Delaware corporation

                                       By:
                                          -------------------------------------
[CORPORATE SEAL]                              Frank E. Johnson, President

                                       FELD & FELD, INC., a Delaware corporation

                                       By:
                                          -------------------------------------
[CORPORATE SEAL]                              Frank E. Johnson, President

                                       TODAYSMAN.COM INC., a Delaware
                                       corporation

                                       By:
                                          -------------------------------------
[CORPORATE SEAL]                              Frank E. Johnson, President

                       (SIGNATURES CONTINUED ON NEXT PAGE)

                                                        13

<PAGE>

                                     (SIGNATURES CONTINUED FROM PREVIOUS PAGE)

                                       LENDERS:

                                       MELLON BANK, N.A.

                                       By:
                                          -------------------------------------
                                          Name/Title:
                                          -------------------------------------

                                       AGENT:

                                       MELLON BANK, N.A.

                                       By:
                                          -------------------------------------
                                          Name/Title:
                                          -------------------------------------

                                       14

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