Document:

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                                                                     EXHIBIT 4.2

                           RIGHTS AGREEMENT AMENDMENT

     This Amendment, dated as of March 5, 2001, to the Rights Agreement, dated
as of July 15, 1999 (the "Rights Agreement"), is between J2 Communications, a
California corporation (the "Company"), and U.S. Stock Transfer Corporation, a
Delaware corporation (the "Rights Agent").

     The Company and the Rights Agent have heretofore executed and entered into
the Rights Agreement. Pursuant to Section 26 of the Rights Agreement, the
Company and the Rights Agent may from time to time supplement or amend the
Rights Agreement in accordance with the provisions of Section 26 thereof and the
Company desires and directs the Rights Agent to so amend the Rights Agreement.
All acts and things necessary to make this Amendment a valid agreement according
to its terms have been done and performed, and the execution and delivery of
this Amendment by the Company and the Rights Agent have been in all respects
authorized by the Company and the Rights Agent.

     In consideration of the foregoing premises and mutual agreements set forth
in the Rights Agreement and this Amendment, the parties hereto agree as follows:

     1. Section 1.1 of the Rights Agreement is hereby amended to read in its
entirety as follows:

     "'Acquiring Person' shall mean any Person (as such term is hereinafter
defined) who or which, together with all Affiliates and Associates (as such
terms are hereinafter defined) of such Person, shall be the Beneficial Owner (as
such term is hereinafter defined) of 15% or more of the Common Shares of the
Company then outstanding but shall not include (i) an Exempt Person (as such
term is hereinafter defined), (ii) Daniel Laikin ("Laikin") or Paul Skjodt
("Skjodt") or their respective Affiliates, Associates or group ("Group") within
the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as
amended (the "Exchange Act") or (iii) James P. Jimirro ("Jimirro") or any of his
Affiliates, Associates or Group unless and until such time as such Person shall
become the Beneficial Owner of 39% or more of the Common Shares of the Company
then outstanding. Notwithstanding the foregoing, no Person shall become an
"Acquiring Person" as the result of an acquisition of Common Shares by the
Company which, by reducing the number of shares outstanding, increases the
proportionate number of shares beneficially owned by such Person to 15% (or, in
the case of Jimirro (or any of his any of his Affiliates, Associates or Group,
if any, 39%) or more of the Common Shares of the Company then outstanding;
provided, however, that if a Person shall become the Beneficial Owner of 15%
(or, in the case of Jimirro (or any of his any of his Affiliates, Associates or
Group, if any), 39%) or more of the Common Shares of the Company then
outstanding solely by reason of share purchases by the Company and shall, after
such share purchases by the Company, become the Beneficial Owner of one or more
additional Common Shares of the Company (other than pursuant to a dividend or
distribution paid or made by the Company on the outstanding Common Shares in
Common Shares or pursuant to a split or subdivision of the outstanding Common
Shares), then such Person shall be deemed to be an "Acquiring Person."
Notwithstanding the foregoing, if the Board of Directors of the Company
determines in good faith that a Person who would otherwise be an "Acquiring
Person," as defined pursuant to the foregoing provisions of this Section 1.1,
has become such inadvertently (including, without limitation, because (A) such

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Person was unaware that it beneficially owned a percentage of Common Stock that
would otherwise cause such Person to be an "Acquiring Person" or (B) such Person
was aware of the extent of its Beneficial Ownership of Common Stock but had no
actual knowledge of the consequences of such Beneficial Ownership under this
Agreement), and without any intention of changing or influencing control of the
Company, and such Person divests as promptly as practicable a sufficient number
of Common Shares so that such Person would no longer be an Acquiring Person, as
defined pursuant to the foregoing provisions of this Section 1.1, then such
Person shall not be deemed to be or have become an "Acquiring Person" at any
time for any purposes of this Agreement. For all purposes of this Agreement, any
calculation of the number of Common Shares outstanding at any particular time,
including for purposes of determining the particular percentage of such
outstanding Common Shares of which any Person is the Beneficial Owner, shall be
made in accordance with the last sentence of Rule 13d-3(d)(1)(i) of the General
Rules and Regulations under the Exchange Act, as in effect on the date of this
Agreement."

     2. Section 1.10 of the Rights Agreement is hereby amended by adding as the
final sentence thereto the following:

     "Notwithstanding anything in the Agreement to the contrary, no Shares
Acquisition Date shall be deemed to have occurred solely as a result of (i) the
approval, execution or delivery of the Letter Agreement, dated as of March 5,
2001, among the Company, Laikin, Skjodt and Jimirro (the "Letter Agreement") or
the Documentation (as such term is defined in the Letter Agreement), (ii)
acceptance for payment and purchase of Common Shares of the Company pursuant to
the Letter Agreement or the Documentation, (iii) the consummation of the
Transactions (as defined in the Letter Agreement) or (iv) any purchase of Common
Shares of the Company by Laikin, Skjodt or their respective Affiliates,
Associates or Group.

     3. Section 3.1 of the Rights Agreement is hereby amended by adding as the
final sentence thereto the following:

     "Notwithstanding anything in this Agreement to the contrary, no
Distribution Date shall be deemed to have occurred solely as a result of (i) the
approval, execution or delivery of the Letter Agreement or the Documentation (as
such term is defined in the Letter Agreement), (ii) acceptance for payment and
purchase of shares of the Common Shares of the Company pursuant to the Letter
Agreement or the Documentation, (iii) the consummation of the Transactions (as
defined in the Letter Agreement) or (iv) any purchase of Common Shares of the
Company by Laikin, Skjodt or their respective Affiliates, Associates or Group."

     4. Section 11.1.2 of the Rights Agreement is hereby amended by adding as
the final sentence thereto the following:

     "Notwithstanding anything in this Agreement to the contrary, no Trigger
Event shall be deemed to have occurred solely as a result of (i) the approval,
execution or delivery of the Letter Agreement or the Documentation (as such term
is defined in the Letter Agreement), (ii) acceptance for payment and purchase of
shares of the Common Shares of the Company pursuant to the Letter Agreement or
the Documentation, (iii) the consummation of the Transactions (as defined in the
Letter Agreement) or (iv) any purchase of Common Shares of the Company by
Laikin, Skjodt or their respective Affiliates, Associates or Group."

                                        2
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     5. Section 13.1 of the Rights Agreement is hereby amended by adding as the
final sentence thereto the following:

     "Notwithstanding anything in this Agreement to the contrary, none of the
events described in clauses (A) through (C) of the first sentence of Section
13.1 shall be deemed to have occurred solely as a result of (i) the approval,
execution or delivery of the Letter Agreement or the Documentation (as such term
is defined in the Letter Agreement), (ii) acceptance for payment and purchase of
shares of the Common Shares of the Company pursuant to the Letter Agreement or
the Documentation, (iii) the consummation of the Transactions (as defined in the
Letter Agreement) or (iv) any purchase of Common Shares of the Company by
Laikin, Skjodt or their respective Affiliates, Associates or Group."

     6. This Amendment to the Rights Agreement shall be governed by and
construed in accordance with the laws of the State of California.

     7. This Amendment to the Rights Agreement may be executed in any number of
counterparts and each of such counterparts shall for all purposes be deemed an
original, and all such counterparts shall together constitute but one and the
same instrument.

     8. Except as expressly set forth herein, this Amendment to the Rights
Agreement shall not by implication or otherwise alter, modify, amend or in any
way affect any of the terms, conditions, obligations, covenants or agreements
contained in the Rights Agreement, all of which are ratified and affirmed in all
respects and shall continue in full force and effect.

     9. Capitalized terms used herein but not defined shall have the meanings
given to them in the Rights Agreement.

                                       3

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     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to the
Rights Agreement to be duly executed as of the day and year first above written.

                                             J2 COMMUNICATIONS

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

                                             U.S. STOCK TRANSFER CORPORATION
                                             as Rights Agent

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

                                       4<PAGE>

                                                                EXHIBIT 10.10(g)

                 FIFTH AMENDMENT TO LOAN AND SECURITY AGREEMENT

     This Fifth Amendment to that certain Amended and Restated Loan and Security
Agreement ("Amendment") is made and entered into as of July 11, 2001, by and
between Skechers U.S.A., Inc. ("Borrower") and The CIT Group/Commercial
Services, Inc. ("CIT"), successor by purchase to the Commercial Services
Division of Heller Financial, Inc., as Agent and as Lender ("Agent"). All
capitalized terms used herein and not otherwise defined shall have the meanings
assigned to such terms in the Amended and Restated Loan and Security Agreement.

     WHEREAS, Agent and Borrower are parties to a certain Amended and Restated
Loan and Security Agreement, dated September 4, 1998 and all amendments thereto
(the "Agreement"); and

     WHEREAS, Borrower and Agent desire to amend the Agreement as hereinafter
set forth;

     NOW THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows:

                              SECTION 1. AMENDMENT

1.1  Delete the first paragraph of subsection 2.1(B) in its entirety and
     substitute the following:

     (B)  Revolving Loan: Each Lender, severally, agrees to lend to Borrower
          from time to time its Pro Rata Share of each Revolving Advance. The
          aggregate amount of all Revolving Loan Commitments shall not exceed at
          any time $150,000,000 as reduced by subsection 2.4(B). Amounts
          borrowed under this subsection 2.1(B) may be repaid and reborrowed at
          any time prior to the earlier of (i) the termination of the Revolving
          Loan Commitment pursuant to subsection 8.3 or (ii) the Termination
          Date; provided, however that Borrower shall reduce the Revolving Loan
          to an amount not greater than the Cleanup Amount for at least one
          Business Day each consecutive twenty-one (21) day period. Except as
          otherwise provided herein, no Lender shall have any obligation to make
          a Revolving Advance to the extent such Revolving Advance would cause
          the Revolving Loan (after giving effect to any immediate application
          of the proceeds thereof) to exceed the Maximum Revolving Loan Amount.

1.2  Delete subsection 2.1(B)(2) in its entirety and substitute the following:

     (2)  "Borrowing Base" means, as of any date of determination, an amount
          equal to the sum of (a) 85% of Eligible Accounts plus (b) the lesser
          of (i) $75,000,000 and (ii) 60% of Eligible Inventory (excluding
          Eligible Retail Inventory) plus (c) the lesser of (i) $2,000,000 and
          (ii) fifty percent (50%) of the Eligible Retail Inventory plus (d) the
          Overadvance Amount; plus (e) the amount of Guarantor Cash Collateral;
          and (f) less in each case such reserves as Agent in its reasonable
          discretion may elect to establish.

1.3  Delete subsection 2.1(G)(1) in its entirety and substitute the following:

     (1)  Maximum Amount. The aggregate amount of Bank Acceptances outstanding
          at any time shall not exceed $18,000,000. The aggregate amount of
          Letter of Credit Liability with respect to all Lender Letters of
          Credit outstanding at any time shall not exceed $30,000,000.

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1.4  Delete subsection 2.5 in its entirety and substitute the following new
     subsection:

     2.5  Term of this Agreement. This Agreement shall be effective until
          December 31, 2003 (the "Original Term") and shall automatically renew
          from year to year thereafter (each such year a "Renewal Term") unless
          terminated by (a) Borrower giving to Agent or (b) any Lender giving to
          Borrower and Agent not less than 60 days prior written notice of its
          intention to terminate at the end of the Original Term or at the end
          of any Renewal Term (the "Termination Date"). The Commitments shall
          terminate (unless earlier terminated) upon the earlier of (i) the
          occurrence of an event specified in subsection 8.3 or (ii) the
          Termination Date. Upon termination in accordance with subsection 8.3
          or on the Termination Date, all Obligations shall become immediately
          due and payable without notice or demand. Notwithstanding any
          termination, until all Obligations have been fully paid and satisfied,
          Agent, on behalf of Lenders, shall be entitled to retain security
          interests in and liens upon all Collateral, and even after payment of
          all Obligations hereunder, Borrower's obligation to indemnify Agent
          and each Lender in accordance with the terms hereof shall continue.

1.5  Add the following new Event of Default to Section 8:

               (t) Stockholders' Equity. Skechers' stockholders' equity
          decreases by more than 20% in any given calendar quarter.

1.6  Delete the Financial Covenants Rider in its entirety, the definitions of
     Tangible Net Worth and Working Capital in Section 11 in their entireties,
     and any other reference in the Agreement to the Financial Covenants Rider
     or the financial covenants represented thereby.

                      SECTION 2. RATIFICATION OF AGREEMENT

     2.1 To induce CIT to enter into this Amendment, Borrower represents and
warrants that after giving effect to this Amendment, no violation of the terms
of the Agreement exist and all representations and warranties contained in the
Agreement are true, correct and complete in all material respects on and as of
the date hereof.

     2.2 Except as expressly set forth in this Amendment, the terms, provisions
and conditions of the Agreement are unchanged, and said Agreement, as amended,
shall remain in full force and effect and is hereby confirmed and ratified.

                     SECTION 3. COUNTERPARTS; EFFECTIVENESS

     This Amendment may be executed in any number of counterparts, and all such
counterparts taken together shall be deemed to constitute one and the same
instrument. Signature pages may be detached from counterpart documents and
reassembled to form duplicate executed originals. This Amendment shall become
effective as of the date hereof upon the execution of the counterparts hereof by
Borrower, Guarantor and CIT.

                            SECTION 4. GOVERNING LAW

     THIS AMENDMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF CALIFORNIA.

                                       2

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               SECTION 5. ACKNOWLEDGMENT AND CONSENT BY GUARANTORS

     Each Guarantor hereby acknowledges that it has read this Amendment and
consents to the terms thereof and further hereby confirms and agrees that,
notwithstanding the effectiveness of this Amendment, the obligations of such
Guarantor under its respective guaranty shall not be impaired or affected and
the guaranties are, and shall continue to be, in full force and effect and are
hereby confirmed and ratified in all respects.

     Witness the execution hereof by the respective duly authorized officers of
the undersigned as of the date first above written.

                              THE CIT GROUP/COMMERCIAL SERVICES,
                              INC., as Agent and as Lender

                              By: /s/ WILLIAM F. ELLIOTT
                                 ----------------------------------------
                              Title: Vice President
                                    -------------------------------------

ATTEST:                       SKECHERS U.S.A., INC.

/s/ PHILIP PACCIONE           By: /s/ DAVID WEINBERG
---------------------------      ----------------------------------------
Secretary                     Title: Chief Financial Officer
As Corporate Secretary              -------------------------------------

                              GUARANTOR:

                              SKECHERS USA, INC. II,
                              a Delaware corporation

                              By: /s/ DAVID WEINBERG
                                 ----------------------------------------
                              Title: Chief Financial Officer
                                    -------------------------------------

                             SKECHERS BY MAIL, INC.,
                             a Delaware corporation

                              By: /s/ DAVID WEINBERG
                                 ----------------------------------------
                              Title: Chief Financial Officer
                                    -------------------------------------

                              SKECHERS USA DEUTSCHLAND, GMBH

                              By: /s/ DAVID WEINBERG
                                 ----------------------------------------
                              Title: Chief Financial Officer
                                    -------------------------------------

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