Document:

Amendment Number One to the 2008 Long-Term Incentive Plan

 Exhibit 10.23 
 AMENDMENT NUMBER ONE TO THE 
 FOSSIL, INC. 2008 LONG-TERM INCENTIVE PLAN

 This AMENDMENT NUMBER ONE TO THE FOSSIL, INC. 2008 LONG-TERM INCENTIVE PLAN (this “Amendment”),
dated as of December 28, 2009, is made and entered into by Fossil, Inc., a Delaware corporation (the “Company”). Terms used in this Amendment with initial capital letters that are not otherwise defined herein shall have
the meanings ascribed to such terms in the Fossil, Inc. 2008 Long-Term Incentive Plan (the “Plan”). 

RECITALS 

WHEREAS, Article 10 of the Plan provides that the Board of Directors of the Company (the “Board”) may amend
the Plan at any time; 
 WHEREAS, the Board desires to amend the Plan to modify the automatic annual grants made to
Outside Directors under Article 7 of the Plan; and 
 NOW, THEREFORE, in accordance with Article 10 of the Plan, the
Company hereby amends the Plan as follows: 
 1. Article 7 of the Plan is hereby amended, effective January 1, 2010, by
deleting said Article in its entirety and substituting in lieu thereof the following new Article 7: 
 ARTICLE 7

 OUTSIDE DIRECTOR GRANTS 
 7.1 Automatic Grants. Subject to the terms and conditions of this Plan, each Outside Director of the Company who does not elect to decline to participate in the Plan, shall automatically be granted
Restricted Stock Units as follows: (a) on the date of each Annual Stockholders Meeting (as used herein, “Annual Stockholders Meeting” shall be the meeting at which the Company’s Board of Directors, or any class thereof, is
annually elected), each Outside Director (including an individual who first becomes an Outside Director at such Annual Stockholders Meeting) shall automatically be granted a number of Restricted Stock Units equal to the number of shares of Common
Stock (rounded down to the closest whole number) having an aggregate Fair Market Value of $100,000 on the Date of Grant, so long as such Outside Director has not suffered a Termination of Service as an Outside Director prior to such date; and
(b) each individual who first becomes an Outside Director (other than at any Annual Stockholders Meeting), shall automatically be granted as of the effective date of appointment as an Outside Director a pro-rated number of Restricted
Stock Units that would have been granted to such individual if he or she had been elected as an Outside Director during the immediately preceding Annual Stockholders Meeting; the number of Restricted Stock Units shall be pro-rated based on the
number of days between the date such individual first became an Outside Director and the date that is one year from the immediately preceding Annual Stockholders Meeting, over 365. Notwithstanding the foregoing, in the case of any grant of
Restricted Stock Units made pursuant to this Section 7.1, such grant shall only be made if the number of shares subject to grant under this Section 7.1 is sufficient to make all automatic grants required to be made pursuant
to this Section 7.1 on such Date of Grant. 

 7.2 Vesting and Forfeiture. Subject to certain restrictions and
conditions set forth in this Plan, any Restricted Stock Units granted pursuant to this Article 7 shall become one hundred percent (100%) vested and convertible into shares of Common Stock (i) for grants made on the date of an Annual
Stockholders Meeting, on the earlier of the first anniversary of the Date of Grant or the first Annual Stockholders Meeting following the Date of Grant, provided the Outside Director is providing services to the Company or a Subsidiary on such date;
and (ii) for grants made to an individual first being appointed an Outside Director other than on the date of an Annual Stockholders Meeting, one year from the Date of Grant. Notwithstanding the foregoing, in the event of an Outside
Director’s Termination of Service due to his or her death, all unvested Restricted Stock Units shall immediately become one hundred percent (100%) vested and convertible into shares of Common Stock. On the date such Restricted Stock Units
become vested or as soon as practicable thereafter, the Company shall deliver to the Outside Director the number of shares of Common Stock equal to the number of vested Restricted Stock Units. Except as otherwise provided herein, each Outside
Director’s Restricted Stock Units granted pursuant to this Article 7 shall terminate and be forfeited on the date of his or her Termination of Service for any reason other than death, to the extent such Restricted Stock Units are
unvested on the date of his or her Termination of Service. 
 2. Except as expressly amended by this Amendment, the Plan shall
continue in full force and effect in accordance with the provisions thereof. 
 [Signature page to follow] 

 IN WITNESS WHEREOF, the Company has caused this Amendment to be duly executed as of
the date first written above. 
  

			
	FOSSIL, INC.
		
	By:	 	/s/ Kosta N. Kartsotis
	Name:	 	Kosta N. Kartsotis
	Title:	 	CEOAmendment Number Two to the 2008 Long-Term Incentive Plan

 Exhibit 10.24 
 AMENDMENT NUMBER TWO TO THE 
 FOSSIL, INC. 2008 LONG-TERM INCENTIVE PLAN

 This AMENDMENT NUMBER TWO TO THE FOSSIL, INC. 2008 LONG-TERM INCENTIVE PLAN (this “Amendment”),
dated as of December 1, 2011, is made and entered into by Fossil, Inc., a Delaware corporation (the “Company”). Terms used in this Amendment with initial capital letters that are not otherwise defined herein shall have
the meanings ascribed to such terms in the Fossil, Inc. 2008 Long-Term Incentive Plan (the “Plan”). 

RECITALS 

WHEREAS, Article 10 of the Plan provides that the Board of Directors of the Company (the “Board”) may amend
the Plan at any time; 
 WHEREAS, the Board desires to amend the Plan to modify the automatic annual grants made to
Outside Directors under Article 7 of the Plan; and 
 NOW, THEREFORE, in accordance with Article 10 of the Plan, the
Company hereby amends the Plan as follows: 
 1. Section 7.1 of the Plan is hereby amended, effective January 1, 2012,
by replacing the reference in Section 7.1(a) to $100,000 with $120,000. 
 2. Except as expressly amended by this
Amendment, the Plan shall continue in full force and effect in accordance with the provisions thereof. 
 IN WITNESS
WHEREOF, the Company has caused this Amendment to be duly executed as of the date first written above. 
  

			
	FOSSIL, INC.
		
	By:	 	/s/ Kosta N. Kartsotis
	Name:	 	Kosta N. Kartsotis
	Title:	 	CEOFirst Amendment to Pledge Agreement

 Exhibit 10.41 
 FIRST AMENDMENT TO PLEDGE AGREEMENT 
 This First Amendment to Pledge
Agreement (“First Amendment”) is made as of August 15, 2011, by and between FOSSIL, INC. (the “Pledgor”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, in its capacities as administrative agent for the Lenders and
as collateral agent for the Secured Parties (the “Administrative Agent”). 
 R E C I
T A L S: 
 A. The Pledgor and the Administrative Agent have entered into that certain Pledge
Agreement dated as of December 17, 2010 (as modified or amended, the “Pledge Agreement”) pursuant to which the Pledgor pledged and granted a security interest to Administrative Agent in the Collateral as security for the
payment and performance of the Obligations, which Collateral includes, without limitation, the Capital Stock of certain Subsidiaries owned by the Pledgor. 
 B. The Pledgor has recently acquired all of the issued and outstanding Capital Stock of Fossil (East) Limited, which Subsidiary is a Material First-Tier Foreign Subsidiary organized under the laws of the
Hong Kong Special Administrative Region. In accordance with Section 9.11(b) of the Credit Agreement, the Pledgor is required to deliver to the Administrative Agent a pledge of, and a security interest in, sixty-five percent (65%) of the
total Capital Stock of Fossil (East) Limited as security for the Obligations. The Pledgor and the Administrative Agent desire to amend the Pledge Agreement to effectuate such pledge and security interest. 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto
hereby agree as follows: 
 1. Amendment to Exhibit A. Exhibit A of the Pledge Agreement is hereby amended and
restated to read in its entirety as set forth on First Amendment Exhibit A attached hereto and incorporated herein by reference. 
 2. Miscellaneous. This First Amendment shall be part of the Pledge Agreement, the terms of which are incorporated herein. Capitalized terms used herein and not otherwise defined shall have the same
meanings as set forth in the Pledge Agreement (or, if not defined in the Pledge Agreement, shall have the same meanings as referred to in the Pledge Agreement). This First Amendment may be executed in counterparts, which counterparts, when so
executed and delivered, shall together constitute but one original. Any signature to a counterpart transmitted via facsimile or electronically shall be effective as an original. 

 IN WITNESS WHEREOF, the parties hereto have executed this First Amendment to
be effective as of the date above written. 
  

			
	 THE PLEDGOR:
  

FOSSIL, INC.

		
	By:	 	/s/ Mike L. Kovar
	Name:	 	Mike L. Kovar
	Title:	 	EVP and CFO

 
			
	
	 THE PLEDGED SUBSIDIARIES:
  

FOSSIL EUROPE B.V.

		
	By:	 	/s/ Hans-Peter Gehmacher
	Name:	 	Hans-Peter Gehmacher
	Title:	 	Managing Director

 
			
	
	SWISS TECHNOLOGY HOLDING GMBH
		
	By:	 	/s/ Hans-Peter Gehmacher
	Name:	 	Hans-Peter Gehmacher
	Title:	 	Chairman

 
			
	
		
	By:	 	/s/ Martin Frey
	Name:	 	Martin Frey
	Title:	 	Managing Director

  

			
	FOSSIL (EAST) LIMITED
		
	By:	 	/s/ Randy Charles Belcher
	Name:	 	BELCHER Randy Charles
	Title:	 	Director

 
			
	
	 THE ADMINISTRATIVE AGENT:
  

WELLS FARGO BANK, NATIONAL ASSOCIATION

		
	By:	 	/s/ Thomas J. Krueger
	Name:	 	Thomas J. Krueger
	Title:	 	Senior Vice President

 FIRST AMENDMENT EXHIBIT A 

EXHIBIT A 

CAPITAL STOCK 
  

											
	 Owner
	  	 Pledged Subsidiary
	  	 Class of

Capital Stock
	  	 No. of Shares,
Interests or Units
Issued
and
Outstanding
	  	 No. of Shares,
Interests or Units
Pledged
hereunder
	  	 Percentage of

Total Issued

and

Outstanding

Shares,

Interests or

Units Pledged
hereunder

	 Fossil, Inc.
	  	Fossil Europe B.V.	  	Common Equity	  	32,355	  	21,031 Capital Shares numbered 1 through and including 21,031, each of a nominal value of NL6100	  	65%
						
	 Fossil, Inc.
	  	Swiss Technology Holding GmbH	  	Common Equity	  	Capital Shares of par value CHF 120’000	  	Capital Share (Stammanteil) no. 1, par value CHF 78’000	  	65%
						
	 Fossil, Inc.
	  	Fossil (East) Limited	  	Ordinary Shares	  	10,000, par value HK $1.00 per share	  	6,500 (currently evidenced by Certificate No. 12), par value HK $1.00 per share	  	65%

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