AMENDMENT FIVE TO LICENSE AGREEMENT

                                                                   EXHIBIT 10.16
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                       AMENDMENT FIVE TO LICENSE AGREEMENT

      THIS AMENDMENT ("Amendment") is made and entered into effective as of June
28, 2006, by and between bebe studio, inc., a California corporation ("bebe")
and Signature Eyewear, Inc. a California corporation ("LICENSEE").


                                    RECITALS

A.     bebe and LICENSEE made and entered into that certain License Agreement,
effective as of September 23, 1999, as thereafter amended (the " License
Agreement") relating to specific rights and license to use certain bebe
trademarks in connection with design, manufacture, advertisement, promotion,
distribution and sale of Licensed Products, as defined in the Agreement.

B.     The parties hereto are presently desirous of amending the License
Agreement as follows.

      NOW, THEREFORE, in consideration of the recitals, premises and mutual
covenants contained in this Amendment, the parties agree as follows:

1.     Notwithstanding anything to the contrary contained in this Agreement or
any Amendments, this Ag