Document:

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                                                                   EXHIBIT 10.22

                        RESTRICTED STOCK AWARD AGREEMENT

         This Restricted Stock Award Agreement (the "Agreement") made as of
February 2, 2003 by and between Foot Locker, Inc., a New York corporation with
its principal office located at 112 West 34th Street, New York, New York 10120
(the "Company") and Matthew D. Serra (the "Executive").

         On November 20, 2002, the Compensation and Management Resources
Committee of the Board of Directors of the Company approved the grant to the
Executive effective February 2, 2003 (the "Date of Grant") of an award of
240,000 shares of Restricted Stock, 140,000 shares granted under the 1995 Stock
Option and Award Plan (the "1995 Plan") and 100,000 shares granted under the
1998 Stock Option and Award Plan (the "1998 Plan"; the 1995 Plan and the 1998
Plan being hereinafter referred to as the "Plans") , subject to the terms of the
Plans and the restrictions set forth in this Agreement.

1.       Grant of Shares

         The Company is transferring to the Executive 240,000 shares of validly
issued Common Stock of the Company, par value $.01 per share (the "Restricted
Stock"). Such shares are fully paid and nonassessable and upon transfer shall be
validly issued and outstanding. The shares are subject to certain restrictions
pursuant to Section 3 hereof, which restrictions shall expire as provided in
Section 3.3 hereof.

2.       Restrictions on Transfer

         The Employee shall not sell, transfer, pledge, hypothecate, assign or
otherwise dispose of the Restricted Stock, except as set forth in this
Agreement. Any attempted sale, transfer, pledge, hypothecation, assignment or
other disposition of the shares in violation of this Agreement shall be void and
of no effect and the Company shall have the right to disregard the same on its
books and records and to issue "stop transfer" instructions to its transfer
agent.

3.       Restricted Stock

         3.1      Deposit of Certificates. The Executive will deposit with and
deliver to the Company the stock certificate or certificates representing the
Restricted Stock, each duly endorsed in blank or accompanied by stock powers
duly executed in blank. In the event the Executive receives a stock dividend on
the Restricted Stock or the Restricted Stock is split or the Executive receives
any other shares, securities, monies, or property representing a dividend on the
Restricted Stock (other than regular cash dividends on and after the date of
this Agreement) or representing a distribution or return of capital upon or in
respect of the Restricted Stock or any part thereof, or resulting from a
split-up, reclassification or other like changes of the Restricted Stock, or
otherwise received in exchange therefor, and any warrants, rights or options
issued to the Executive in respect of the Restricted Stock (collectively the "RS
Property"), the Executive will also immediately deposit with and deliver to the
Company any of such RS Property, including any certificates representing shares
duly endorsed in blank or accompanied by stock powers duly executed in blank,
and such RS Property shall be subject to the same restrictions, including that
of this Section 3.1, as the Restricted Stock with regard to which they are
issued and shall herein be encompassed within the term "Restricted Stock."

         3.2      Rights with Regard to the Restricted Stock. The Restricted
Stock has been transferred from either the Company's treasury or newly issued
stock and, therefore, upon delivery to the Executive will constitute issued and
outstanding shares of Common Stock for all corporate purposes. From and after
the date of transfer, the Executive will have the right to vote the Restricted
Stock, to receive and retain all regular cash dividends payable to record
holders of Common Stock on and after the transfer of the Restricted Stock
(although such dividends shall be treated, to the extent required by law, as
additional compensation for tax purposes if paid on Restricted Stock), and to
exercise all other rights, powers and privileges of a holder of Common Stock
with respect to the Restricted Stock, with the exceptions that (i) the Executive
will not be entitled to delivery of the stock certificate or certificates
representing the Restricted Stock until the restriction period shall have
expired and unless all other vesting requirements with respect thereto shall
have been

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fulfilled, (ii) the Company will retain custody of the stock certificate or
certificates representing the Restricted Stock and the other RS Property during
the restriction period, (iii) no RS Property shall bear interest or be
segregated in separate accounts during the restriction period and (iv) the
Executive may not sell, assign, transfer, pledge, exchange, encumber or dispose
of the Restricted Stock during the restriction period.

         3.3      Vesting.

                  The Restricted Stock shall become 100% vested and cease to be
Restricted Stock (but still subject to the other terms of the Plan and this
Agreement) on February 3, 2006 if the Executive has been continuously employed
by the Company or its subsidiaries within the meaning of Section 424 of the
Internal Revenue Code of 1986, as amended (the "Control Group") until such date.

         Other than as may be provided for under Section 3.4 hereof, there shall
be no proportionate or partial vesting in the periods prior to the appropriate
vesting date and all vesting shall occur only on the appropriate vesting date.

         When any Restricted Stock becomes vested, the Company shall promptly
issue and deliver to the Executive a new stock certificate registered in the
name of the Executive for such shares without the legend set forth in Section 4
hereof and deliver to the Executive any related other RS Property.

         In addition, all shares of Restricted Stock shall become immediately
vested and cease to be Restricted Stock upon any Change in Control as defined in
Appendix A hereto.

         3.4      Forfeiture. In the event of the Executive's death, disability,
or resignation, the Executive shall forfeit to the Company, without
compensation, all unvested shares of Restricted Stock; provided that (i) in the
event of the death or disability of the Executive, or (ii) in the event that the
Executive ceases to be employed by the Company or any subsidiary or affiliate of
the Company as a result of the closing, sale, spin-off or other divestiture of
any operation of the Company, the Compensation and Management Resources
Committee of the Board of Directors of the Company may, in its sole discretion,
but shall not be obligated to, fully vest and not forfeit all or any portion of
the Executive's Restricted Stock; and provided further that (A) in the event
that the employment of the Executive by the Company is terminated in a manner
that gives rise to the payments provided for in Section 5(c)(i) of the
Employment Agreement between Executive and the Company dated January 21, 2003
(the "Employment Agreement"), the Restricted Stock shall become fully vested as
of the date of the termination of his employment, and (B) in the event that
Executive elects to terminate his employment with the Company under the
provisions of Section 5(c)(ii) of the Employment Agreement, 120,000 shares of
the Restricted Stock shall become fully vested as of the date of the termination
of his employment.

         3.5      Adjustments. In the event of any stock dividend, split up,
split-off, spin-off, distribution, recapitalization, combination or exchange of
shares, merger, consolidation, reorganization or liquidation or the like, the
Restricted Stock shall, where appropriate in the sole discretion of the
Compensation and Management Resources Committee of the Board of Directors of the
Company, receive the same distributions as other shares of Common Stock or on
some other basis as determined by the Compensation and Management Resources
Committee of the Board of Directors. In any such event, the Compensation and
Management Resources Committee of the Board of Directors may, in its sole
discretion, determine to award additional Restricted Stock in lieu of the
distribution or adjustment being made with respect to other shares of Common
Stock. In any such event, the determination made by the Compensation and
Management Resources Committee of the Board of Directors shall be conclusive.
The Compensation and Management Resources Committee of the Board of Directors
may, in its sole discretion, at any time fully vest and not forfeit all or any
portion of the Executive's Restricted Stock.

         3.6      Withholding. The Employee agrees that, subject to subsection
3.7 below,

                  (a)      No later than the date on which any Restricted Stock
shall have become vested, the Executive will pay to the Company, or make
arrangements satisfactory to the Company regarding payment of, any federal,
state or local taxes of any kind required by law to be withheld with respect to
any Restricted Stock which shall have become so vested; and

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                  (b)      The Company shall, to the extent permitted by law,
have the right to deduct from any payment of any kind otherwise due to the
Executive any federal, state or local taxes of any kind required by law to be
withheld with respect to any Restricted Stock which shall have become so vested.

         3.7      Section 83(b). If the Executive properly elects (as required
by Section 83(b) of the Internal Revenue Code of 1986, as amended) within thirty
(30) days after the issuance of the Restricted Stock to include in gross income
for federal income tax purposes in the year of issuance the fair market value of
such Restricted Stock, the Executive shall pay to the Company or make
arrangements satisfactory to the Company to pay to the Company upon such
election, any federal, state or local taxes required to be withheld with respect
to such Restricted Stock. If the Executive shall fail to make such payment, the
Company shall, to the extent permitted by law, have the right to deduct from any
payment of any kind otherwise due to the Executive any federal, state or local
taxes of any kind required by law to be withheld with respect to such Restricted
Stock, as well as the rights set forth in Section 3.6(c) hereof. The Executive
acknowledges that it is his sole responsibility, and not the Company's, to file
timely the election under Section 83(b) of the Internal Revenue Code of 1986, as
amended, and any corresponding provisions of state tax laws if he elects to
utilize such election.

         3.8      Special Incentive Compensation. The Executive agrees that the
award of the Restricted Stock hereunder is special incentive compensation and
that it, any dividends paid thereon (even if treated as compensation for tax
purposes) and any other RS Property will not be taken into account as "salary"
or "compensation" or "bonus" in determining the amount of any payment under any
pension, retirement or profit-sharing plan of the Company or any life insurance,
disability or other benefit plan of the Company.

         3.9      Delivery Delay. The delivery of any certificate representing
Restricted Stock or other RS Property may be postponed by the Company for such
period as may be required for it to comply with any applicable federal or state
securities law, or any national securities exchange listing requirements and the
Company is not obligated to issue or deliver any securities if, in the opinion
of counsel for the Company, the issuance of such shares shall constitute a
violation by the Executive or the Company of any provisions of any law or of any
regulations of any governmental authority or any national securities exchange.

         4.       Legend. All certificates representing shares of Restricted
Stock shall have endorsed thereon a legend referring to the terms, conditions
and restrictions applicable to such Restricted Stock, substantially in the
following form:

                  "The anticipation, alienation, attachment, sale, transfer,
assignment, pledge, encumbrance or charge of the shares of stock represented
hereby are subject to the terms and conditions (including forfeiture) of the
Foot Locker (the "Company") [1995/1998] Stock Option and Award Plan and an
Agreement entered into between the registered owner and the Company dated as of
February 2, 2003. Copies of such Plan and Agreement are on file at the principal
office of the Company."

         5.       Not an Employment Agreement. The issuance of the shares of
Restricted Stock hereunder does not constitute an agreement by the Company to
continue to employ the Executive during the entire, or any portion of the, term
of this Agreement, including but not limited to any period during which the
Restricted Stock is outstanding.

         6.       Power of Attorney. The Company, its successors and assigns, is
hereby appointed the attorney-in-fact, with full power of substitution, of the
Executive for the purpose of carrying out the provisions of this Agreement and
taking any action and executing any instruments which such attorney-in-fact may
deem necessary or advisable to accomplish the purposes hereof, which appointment
as attorney-in-fact is irrevocable and coupled with an interest. The Company, as
attorney-in-fact for the Executive, may, in the name and stead of the Executive,
make and execute all conveyances, assignments and transfers of the Restricted
Stock, Shares and property provided for herein, and the Executive hereby
ratifies and confirms all that the Company, as said attorney-in-fact, shall do
by virtue hereof. Nevertheless, the Executive shall, if so requested by the
Company, execute and deliver to the Company all such instruments as may, in the
judgment of the Company, be advisable for the purpose.

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         7.       Miscellaneous.

         7.1      This Agreement shall inure to the benefit of and be binding
upon all parties hereto and their respective heirs, legal representatives,
successors and assigns.

         7.2      This Agreement constitutes the entire agreement between the
parties and cannot be changed or terminated orally. No modification or waiver of
any of the provisions hereof shall be effective unless in writing and signed by
the party against whom it is sought to be enforced.

         7.3      This Agreement may be executed in one or more counterparts,
all of which taken together shall constitute one contract.

         7.4      The failure of any party hereto at any time to require
performance by another party of any provision of this Agreement shall not affect
the right of such party to require performance of that provision, and any waiver
by any party of any breach of any provision of this Agreement shall not be
construed as a waiver of any continuing or succeeding breach of such provision,
a waiver of the provision itself, or a waiver of any right under this Agreement.

         7.5      This Agreement is subject, in all respects, to the provisions
of the Plan, and to the extent any provision of this Agreement contravenes or is
inconsistent with any provision of the Plan, the provisions of the Plan shall
govern.

         7.6      The headings of the sections of this Agreement have been
inserted for convenience of reference only and shall in no way restrict or
modify any of the terms or provisions hereof.

         7.7      All notices, consents, requests, approvals, instructions and
other communications provided for herein shall be in writing and validly given
or made when delivered, or on the second succeeding business day after being
mailed by registered or certified mail, whichever is earlier, to the persons
entitled or required to receive the same, at, in the case of the Company, the
address set forth at the heading of this Agreement and, in the case of the
Executive, his principal residence address as shown in the records of the
Company, or to such other address as either party may designate by like notice.
Notices to the Company shall be addressed to the Chairman of the Compensation
and Management Resources Committee with a copy similarly sent to the General
Counsel.

         7.8      This Agreement shall be governed and construed and the legal
relationships of the parties determined in accordance with the internal laws of
the State of New York.

         7.9      To indicate your acceptance of the terms of this Restricted
Stock Award Agreement, you must sign and deliver or mail not later than 30 days
from the date hereof, a copy of this Agreement to the General Counsel of the
Company at the address provided in the heading of this Agreement.

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

                                                 FOOT LOCKER, INC.

                                                 By:/s/ Laurie Petrucci
                                                    ----------------------------
                                                    Senior Vice President

                                                    /s/ Matthew D. Serra
                                                    ----------------------------
                                                    Matthew D. Serra

                                 ACKNOWLEDGMENT

STATE OF NEW YORK          )

                              ) s.s.:
COUNTY OF NEW YORK           )

         On this 10th day of February 2003, before me personally appeared
Matthew D. Serra, to me known to be the person described in and who executed
the foregoing agreement, and acknowledged that he executed the same as his free
act and deed.

                                                 /s/ Gary M. Bahler
                                                 -------------------------------
                                                     Notary Public

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                                   APPENDIX A

                                CHANGE IN CONTROL

         A Change in Control shall mean any of the following: (i) (A) the making
of a tender or exchange offer by any person or entity or group of associated
persons or entities (within the meaning of Section 13(d)(3) or 14(d)(2) of the
Securities Exchange Act of 1934) (a "Person") (other than the Company or its
Affiliates) for shares of Common Stock pursuant to which purchases are made of
securities representing at least twenty percent (20%) of the total combined
voting power of the Company's then issued and outstanding voting securities; (B)
the merger or consolidation of the Company with, or the sale or disposition of
all or substantially all of the assets of the Company to, any Person other than
(a) a merger or consolidation which would result in the voting securities of the
Company outstanding immediately prior thereto continuing to represent (either by
remaining outstanding or by being converted into voting securities of the
surviving or parent entity) fifty percent (50%) or more of the combined voting
power of the voting securities of the Company or such surviving or parent entity
outstanding immediately after such merger or consolidation; or (b) a merger or
capitalization effected to implement a recapitalization of the Company (or
similar transaction) in which no Person is or becomes the beneficial owner,
directly or indirectly (as determined under Rule 13d-3 promulgated under the
Securities Exchange Act of 1934), of securities representing more than the
amounts set forth in (C) below; (C) the acquisition of direct or indirect
beneficial ownership (as determined under Rule 13d-3 promulgated under the
Securities Exchange Act of 1934), in the aggregate, of securities of the Company
representing twenty percent (20%) or more of the total combined voting power of
the Company's then issued and outstanding voting securities by any Person acting
in concert as of the date of this Agreement; provided, however, that the Board
of Directors of the Company (referred to herein as the "Board") may at any time
and from time to time and in the sole discretion of the Board, as the case may
be, increase the voting security ownership percentage threshold of this item (C)
to an amount not exceeding forty percent (40%); or (D) the approval by the
shareholders of the Company of any plan or proposal for the complete liquidation
or dissolution of the Company or for the sale of all or substantially all of the
assets of the Company; or (ii) during any period of not more than two (2)
consecutive years, individuals who at the beginning of such period constitute
the Board, and any new director (other than a director designated by a person
who has entered into agreement with the Company to effect a transaction
described in clause (i)) whose election by the Board or nomination for election
by the Company's shareholders was approved by a vote of at least two-thirds (")
of the directors then still in office who either were directors at the beginning
of the period or whose election or nomination for election was previously so
approved, cease for any reason to constitute at least a majority thereof.<PAGE>

                                                                   EXHIBIT 10.32

                       AMENDMENT NO. 7 TO CREDIT AGREEMENT

         AMENDMENT NO. 7 dated as of November 22, 2002 (this "AMENDMENT NO. 7")
to the Third Amended and Restated Credit Agreement dated as of April 9, 1997 and
amended and restated as of June 8, 2001 (as amended, the "CREDIT AGREEMENT")
among FOOT LOCKER, INC., formerly Venator Group, Inc. (the "COMPANY"), the
SUBSIDIARIES party thereto, the BANKS party thereto, the CO-AGENTS party
thereto, THE BANK OF NEW YORK, as Administrative Agent, LC Agent and Swingline
Bank (the "ADMINISTRATIVE AGENT"), and the LEAD ARRANGERS party thereto.

         WHEREAS, the parties hereto desire to amend the Credit Agreement as set
forth herein;

         NOW, THEREFORE, the parties hereto agree as follows:

         SECTION 1.        Defined Terms; References. Unless otherwise
specifically defined herein, each term used herein which is defined in the
Credit Agreement has the meaning assigned to such term in the Credit Agreement.
Each reference to "hereof," "hereunder," "herein" and "hereby" and each other
similar reference and each reference to "this Agreement" and each other similar
reference contained in the Credit Agreement shall, after the Amendment No. 7
Effective Date (as defined in Section 10 below), refer to the Credit Agreement
as amended hereby.

         SECTION 2.        New Definitions Relating to the European
Restructuring. The following definitions are added in alphabetical order in
Section 1.01 of the Credit Agreement:

                  "AMENDMENT NO. 7 EFFECTIVE DATE" means the date of
effectiveness of Amendment No. 7 to this Agreement.

                  "EUROPEAN ENTITIES" means Foot Locker Europe, B.V., Foot
Locker UK Limited, Foot Locker France S.A.S., Foot Locker Austria GmbH, Foot
Locker Italy S.r.l., Foot Locker Netherlands B.V., Foot Locker Belgium BVBA,
Freedom Sportsline Limited, Foot Locker Sweden Aktiebolag, Foot Locker Denmark
ApS, and Foot Locker Artigos desportivos e de tempos livres, Lda.

                  "EUROPEAN ENTITIES FOREIGN SPECIFIED TRADEMARKS" means Foreign
Specified Trademarks (as such term is defined in the Security Agreement) that
are registered in any European country or the European Union.

                  "EUROPEAN ENTITIES HOLDING COMPANIES" means FLE Management,
FLE CV GP, Foot Locker Europe CV LP, New Dutch Holdco 1, New Dutch Holdco 2 and
any other Subsidiary that is a direct or indirect holding company of the capital
stock or other equity interests of New Dutch Holdco2.

                  "EUROPEAN RESTRUCTURING" means the transfer by the Company of
(i) all the capital stock or other equity interests of the European Entities to
New Dutch Holdco 2, and (ii) the European Entities Foreign Specified Trademarks
to FL Europe Holdings, in each case substantially on the terms described by the
Company to the Banks prior to the Amendment No. 7 Effective Date.

                  "EUROPEAN RESTRUCTURING CONDITIONS" means each of the
following conditions: (i) the execution and delivery by the Company of a pledge
agreement governed by the laws of the State of New York (or a supplement to the
Pledge Agreement) and in form and substance reasonably satisfactory to the
Administrative Agent, pursuant to which 65% of the capital stock or other equity
interests of New US Holdco shall be subject to a perfected first priority Lien
for the benefit of the Bank Parties, (ii) FL Europe Holdings shall acknowledge
and agree that the European Entities Foreign Specified Trademarks transferred to
it are already subject to a continuing security interest for the benefit of the
Bank Parties, (iii) the fact that, immediately after giving effect to the
European Restructuring, the representations and warranties set forth in Section
5.19(c) shall be true and correct, (iv) the Company having delivered, at least 5
days prior

<PAGE>

to the consummation of the European Restructuring, notice to the Administrative
Agent of the Company's intention to consummate the European Restructuring, and
the proposed date of consummation thereof, and (v) the Company having delivered,
or caused to be delivered, such certificates, evidences of corporate or other
organizational actions, notations and registrations, financing statements,
opinions of counsel, powers of attorney and other documents relating thereto as
the Administrative Agent may reasonably request, all in form and substance
reasonably satisfactory to the Administrative Agent, with respect to the
conditions described in clauses (i), (ii), (iii) and (iv) hereof.

                  "FLE CV" means FLE CV, a Dutch limited partnership.

                  "FLE CV GP" means FLE CV GP, LLC, a Delaware limited liability
company.

                  "FLE MANAGEMENT" means FLE CV Management, Inc., a Delaware
corporation.

                  "FOOT LOCKER EUROPE CV LP" means Foot Locker Europe CV LP,
LLC, a Delaware limited liability company.

                  "FL EUROPE HOLDINGS" means FL Europe Holdings, Inc., a
Delaware corporation.

                  "NEW DUTCH HOLDCO 1" means a newly formed wholly-owned
indirect Subsidiary of the Company, incorporated under the laws of The
Netherlands. As of the Amendment No. 7 Effective Date, the Company expects that
New Dutch Holdco 1 will be "FLE CV".

                  "NEW DUTCH HOLDCO 2" means a newly formed wholly-owned
indirect Subsidiary of the Company, incorporated under the laws of The
Netherlands. As of the Amendment No. 7 Effective Date, the Company expects that
New Dutch Holdco 2 will be "FLE Holdings, B.V.".

                  "NEW US HOLDCO" means a newly formed wholly-owned direct
Subsidiary of the Company, incorporated under the laws of the State of Delaware.
As of the Amendment No. 7 Effective Date, the Company expects that New US Holdco
will be "FLE Management".

         SECTION 3.        Amendment of the Representations and Warranties.
Section 4.10(a) of the Credit Agreement is amended and restated in its entirety
as follows: "(a) Each of the Company's Subsidiaries is duly organized, validly
existing and in good standing under the laws of its jurisdiction of
organization, and has all requisite power and all material governmental
licenses, authorizations, consents and approvals required to carry on its
business as now conducted, except where failures to possess such licenses,
authorizations, consents and approvals could not, in the aggregate, reasonably
be expected to result in a Material Adverse Effect."

         SECTION 4.        Amendment of the Maintenance of Existence Covenant.
Section 5.03 of the Credit Agreement is amended by adding the following sentence
at the end thereof: "or (iii) prior to or contemporaneously with the
consummation of the European Restructuring, the conversion of Foot Locker France
S.A. to an S.A.S. (to be named Foot Locker France S.A.S.) and the conversion
Foot Locker Belgium NV to a BVBA (to be named Foot Locker Belgium BVBA)."

         SECTION 5.        Amendment of the Asset Sale Covenant to Permit the
Consummation of the European Restructuring. Section 5.11 of the Credit Agreement
is amended by inserting the following language at the end of clause (2) of the
second sentence thereof: "; provided that the Company shall be permitted to
consummate the European Restructuring so long as, prior to or contemporaneously
with the consummation thereof, each of the European Restructuring Conditions
shall have been satisfied."

         SECTION 6.        Additional Covenants Relating to European Entities
Holding Companies and FL Europe Holdings. (a) A new Section 5.19 is added to the
Credit Agreement immediately after Section 5.18 thereof, to read in its entirety
as follows:

         SECTION 5.19.     Provisions Relating to European Entities Holdings
Companies and FL Europe Holdings. (a)

<PAGE>

No European Entities Holding Company shall conduct any activities other than the
ownership, directly or indirectly, of the capital stock or other equity
interests of other European Entities Holding Companies and of the European
Entities, in each case as such ownership is in effect on the date of
consummation of the European Restructuring; provided, however, that FLE CV may
license and sub-license the European Entities Foreign Specified Trademarks and
provide management, brand development, and related services to its direct and
indirect subsidiaries. Without limiting the generality of the foregoing, each
European Entities Holding Company will not (i) incur, assume, create or suffer
to exist any Debt or other obligations (other than Debt or other obligations
owed to the Company or any Subsidiary, so long as any such obligations shall be
subordinated to the obligations under the Loan Documents on terms reasonably
satisfactory to the Administrative Agent and the Company), or any Lien on any of
its property, whether now owned or hereafter acquired, and (ii) except pursuant
to the consummation of the European Restructuring, transfer any capital stock or
other equity interests of any European Entity to any other Subsidiary.

         (b)  FL Europe Holdings shall not conduct any activities other than the
ownership of the European Entities Foreign Specified Trademarks; provided,
however, that FL Europe Holdings may license and sub-license the European
Entities Foreign Specified Trademarks.

         (c)  The Company represents and warrants that, on the date of
consummation of the European Restructuring, after giving effect thereto, (i) all
of the capital stock or other equity interests of the European Entities are
directly held by New Dutch Holdco 2, (ii) all of the capital stock or other
equity interests of New Dutch Holdco 2 are directly held by New Dutch Holdco 1,
(iii) all of the capital stock or other equity interests of New Dutch Holdco 1
are held directly by New US Holdco or other direct domestic wholly-owned
Subsidiaries of New US Holdco, (iv) at least 65% of the capital stock or other
equity interests of New Dutch Holdco1 are held directly by New US Holdco and (v)
all the capital stock or other equity interests of New US Holdco are held
directly by the Company.

         (d)  Not later than 45 days (or such additional time period as agreed
to by the Administrative Agent) after the consummation of the European
Restructuring, FL Europe Holdings shall execute and deliver such trademark
security agreements and other security agreements, each in form and substance
satisfactory to the Administrative Agent, pursuant to which FL Europe Holdings
shall grant to the Administrative Agent a continuing security interest for the
benefit of the Bank Parties in the European Entities Foreign Specified
Trademarks.

         (b)  Section 6.01(b) of the Credit Agreement is amended by replacing
the reference contained therein to "5.18" with a reference to "5.19".

         SECTION 7.        Release of Liens on the Capital Stock of the European
Entities, Compliance with Section 5.17 by European Entities Holding Companies.
(a) Each of the Banks agrees that upon consummation of the European
Restructuring (as defined in the Credit Agreement as amended hereby) and
satisfaction of the European Restructuring Conditions (as defined in the Credit
Agreement as amended hereby), the Lien under the Collateral Documents on the
capital stock of each European Entity shall be automatically released, and the
Administrative Agent shall be authorized to execute and deliver to the relevant
Obligor, at the expense of such Obligor, such documents as such Obligor shall
reasonably request to evidence the termination of such Lien.

         (b)  Each of the Banks waives compliance with Section 5.17 of the
Credit Agreement solely as it relates to any European Entity Holding Company;
provided that such waiver shall be effective only so long as the Company shall
have complied with the conditions set forth in clause (i) of the definition of
"European Restructuring Conditions" and the representations and warranties set
forth in Section 5.19(c) of the Credit Agreement (as amended hereby) shall be
true and correct.

         SECTION 8.        Representations and Warranties. Each of the Company
and each other Obligor represents and warrants that, on and as of the Amendment
No. 7 Effective Date, (a) the representations and warranties of the Obligors
contained in the Loan Documents (as amended hereby) are true and (b) no Default
will have occurred and be continuing.

         SECTION 9.        Governing Law. This Amendment No. 7 shall be governed
by and construed in accordance with the laws of the State of New York.

<PAGE>

         SECTION 10.       Counterparts; Effectiveness. This Amendment No. 7 may
be signed in any number of counterparts, each of which shall be an original,
with the same effect as if the signatures thereto and hereto were upon the same
instrument. This Amendment No. 7 shall become effective as of the date (the
"AMENDMENT NO. 7 EFFECTIVE DATE") of receipt by the Administrative Agent of:

         (a)  a counterpart hereof signed by the Company and the Required
Lenders (or a facsimile or other written confirmation (in form satisfactory to
the Administrative Agent) that each such party has signed a counterpart hereof);

         (b)  a certificate from the chief executive officer, chief financial
officer or treasurer of the Company certifying as to the matters set forth in
Section 8 of this Amendment No. 7;

         (c)  payment of all accrued costs, fees and expenses (including,
without limitation, all fees and expenses payable pursuant to Section
9.03(a)(ii) of the Credit Agreement together with the fees and expenses of
special counsel to the Lead Arrangers, the Administrative Agent and the
affiliates of each Lead Arranger); and

         (d)  such officer's certificates and other documents as the
Administrative Agent may reasonably request relating to the existence of each
Obligor and its corporate authority for the execution, delivery and performance
of Amendment No. 7 and the Credit Agreement as amended by Amendment No. 7.

                            [Signature pages follow]

<PAGE>

         IN WITNESS WHEREOF, the parties have caused this Amendment No. 7 to be
duly executed as of the date first above written.

                                           FOOT LOCKER, INC.

                                           By: /s/ Peter D. Brown
                                               ------------------------------
                                               Title: Vice President-Investor
                                                        Relations and Treasurer

<PAGE>

Each of the Subsidiary Borrowers listed below hereby consents to Amendment No. 7
and agrees to be a party to, and be bound by, the Credit Agreement as amended by
Amendment No. 7.

                                                FOOTLOCKER.COM, INC.

                                                By: /s/ Peter D. Brown
                                                    ---------------------------
                                                    Title: Vice President and
                                                             Treasurer

                                                FOOT LOCKER RETAIL, INC.

                                                By: /s/ Peter D. Brown
                                                    ---------------------------
                                                    Title: Vice President and
                                                             Treasurer

                                                TEAM EDITION APPAREL, INC.

                                                By: /s/ Peter D. Brown
                                                    ---------------------------
                                                    Title: Vice President and
                                                             Treasurer

                                                FOOT LOCKER STORES, INC.

                                                By: /s/ Peter D. Brown
                                                    ---------------------------
                                                    Title: Vice President and
                                                             Treasurer

                                                FOOT LOCKER SPECIALTY, INC.

                                                By: /s/ Peter D. Brown
                                                    ---------------------------
                                                    Title: Vice President and
                                                             Treasurer

                                                FOOT LOCKER EUROPE B.V.

                                                By: /s/ Peter D. Brown
                                                    ---------------------------
                                                    Title: Authorized Individual

<PAGE>

                                                FOOT LOCKER AUSTRALIA, INC.

                                                By: /s/ Peter D. Brown
                                                    ---------------------------
                                                    Title: Vice President and
                                                             Treasurer

                                                FOOT LOCKER CANADA, INC.

                                                By: /s/ Peter D. Brown
                                                    ---------------------------
                                                    Title: Vice President and
                                                             Treasurer

                                                FOOT LOCKER CANADA
                                                   CORPORATION

                                                By: /s/ Peter D. Brown
                                                    ---------------------------
                                                    Title: Vice President and
                                                             Treasurer

<PAGE>

                                                J.P. MORGAN SECURITIES, INC.

                                                By: /s/ Colin Welch
                                                    ----------------------------
                                                    Title: Vice President

                                                BNY CAPITAL MARKETS, INC.

                                                By: /s/ Randolph E. J. Medrano
                                                    ----------------------------
                                                    Title: Vice President

                                                JPMORGAN CHASE BANK

                                                By: /s/ Teri Streusand
                                                    ----------------------------
                                                    Title: Vice President

                                                BANK OF AMERICA, N.A., successor
                                                  by merger to Bank of America
                                                  National Trust and Savings
                                                  Association

                                                By: /s/ Dan M. Killian
                                                    ----------------------------
                                                    Title: Managing Director

                                                THE BANK OF NEW YORK

                                                By: /s/ Randolph E. J. Medrano
                                                    ----------------------------
                                                    Title: Vice President

<PAGE>

                                                THE BANK OF NOVA SCOTIA

                                                By: /s/ Todd S. Meller
                                                    ----------------------------
                                                    Title: Managing Director

                                                FLEET BANK

                                                By: /s/ Linda Alto
                                                    ----------------------------
                                                    Title: Director

                                                WACHOVIA BANK, NATIONAL
                                                  ASSOCIATION, formerly known as
                                                  First Union National Bank

                                                By: /s/ Stephen T. Dorosh
                                                    ----------------------------
                                                    Title: Vice President

                                                BANCO POPULAR PUERTO RICO

                                                By: /s/ Hector J. Gonzalez
                                                    ----------------------------
                                                    Title: Vice President

                                                U.S. BANK NATIONAL
                                                  ASSOCIATION (formerly Firstar
                                                  Bank, N.A.)

                                                By: /s/ Thomas L. Bayer
                                                    ----------------------------
                                                    Title: Vice President

<PAGE>

                                                THE BANK OF NEW YORK, as
                                                  Administrative Agent, LC Agent
                                                  and Swingline Bank

                                                By: /s/ Randolph E. J. Medrano
                                                    ----------------------------
                                                    Title: Vice President

<PAGE>

Acknowledged and consented to by:

                                                EASTBAY, INC.
                                                FOOTLOCKER.COM, INC.
                                                FOOT LOCKER AUSTRALIA, INC.
                                                FOOT LOCKER STORES, INC.
                                                ROBBY'S SPORTING GOODS, INC.
                                                TEAM EDITION APPAREL, INC.
                                                FOOT LCOKER CORPORATE
                                                  SERVICES, INC.
                                                FOOT LOCKER HOLDINGS, INC.
                                                FOOT LOCKER RETAIL, INC.
                                                FOOT LOCKER SOURCING, INC.
                                                FOOT LOCKER SPECIALTY, INC.
                                                FOOT LOCKER INVESTMENTS, LLC

                                                By: /s/ Peter D. Brown
                                                    ----------------------------
                                                    Title: Vice President and
                                                           Treasurer

                                                RETAIL COMPANY OF GERMANY,
                                                  INC.

                                                By: /s/ Bruce L. Hartman
                                                    ----------------------------
                                                    Title: Senior Vice President

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