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EXHIBIT 10.10(k)
NINTH AMENDMENT TO LOAN AND SECURITY AGREEMENT
This Ninth Amendment to that certain Amended and Restated Loan
and
Security Agreement ("Amendment") is made
and entered into as of August 18, 2003,
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
sub-section titled "Trade Names" on Schedule 4.6 of the
Agreement in its
entirety and substitute the following new sub-section
titled "Trade Names":
Trade Names:
(As of even date herein)
Michelle K
Mark Nason
310 Global Brands
Marc Ecko Footwear
Cross Colors (Released)
Karl Kani (Released)
Skechers
Skechers Sport
Skechers Collections
SECTION 2. RATIFICATION OF AGREEMENT
2.1 To induce
CIT to enter into this Amendment, Borrower rep
