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REAFFIRMATION OF GRANT OF SECURITY INTEREST IN PATENT, TRADEMAK AND LICENSES

Intellectual Property IP Rights Security Agreement

REAFFIRMATION OF GRANT OF SECURITY INTEREST IN PATENT, TRADEMAK AND LICENSES You are currently viewing:
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BARRY R G CORP /OH/

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Title: REAFFIRMATION OF GRANT OF SECURITY INTEREST IN PATENT, TRADEMAK AND LICENSES
Date: 4/1/2005
Industry: FOOTWR    

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EXHIBIT 10

EXHIBIT 10.58 REAFFIRMATION OF GRANT OF SECURITY INTEREST IN PATENT, TRADEMAK AND LICENSES March 31, 2005 The CIT Group/Commercial Services, Inc. 1211 Avenue of the Americas New York, New York 10038 Ladies and Gentlemen: R.G. Barry Corporation, an Ohio Corporation (the "Company"), executed and delivered to The CIT Group/Commercial Services, Inc. ("CIT") a Grant of Security Interest in Patents, Trademarks and Licenses dated March 29, 2004 (the "Patent, Trademark and License Agreement"), pursuant to which Company granted to CIT a security interest in its patents, trademarks and licenses. The Patent, Trademark and License Agreement was executed and delivered to CIT in order to secure the obligations and liabilities of Company to CIT under that certain Factoring Agreement dated as of March 29, 2004 between Company and CIT (as amended and modified, the "Factoring Agreement"). As of the date hereof, Company and CIT are parties to a Financing Agreement (as the same may be amended, supplemented or otherwise modified and in effect from time to time, the "Financing Agreement") under which CIT has provided Company with certain financial accommodations, and as a condition to the effectiveness of which, this Agreement must be executed. The undersigned hereby: (a) confirms that all of the representations and covenants are true and correct in all material respects as of the date hereof and ratifies and confirms that all of the terms and conditions contained in and liens and security interests granted by the Patent, Trademark and License Agreement shall remain in full force; (b) ratifies and confirms that the obligations secured by the Patent, Trademark and License Agreement encompass all obligations and liabilities of Company to CIT under or pursuant to the Financing Agreement, as well as the Factoring Agreement; and (c) restates each of Schedule A, Schedule B and Schedule C, respectively, to indicate all currently effective patents, trademarks and lic

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