ARIS INDUSTRIES, INC. 475 Fifth Avenue New York, New York 10017

                                                                  EXHIBIT 10.107


                              ARIS INDUSTRIES, INC.
                                000 Xxxxx Xxxxxx
                            Xxx Xxxx, Xxx Xxxx 00000


                                                         July 18, 1997


BNY Financial Corporation
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000


     Re: Consent Pursuant to Series A Junior Secured Note Agreement
         ----------------------------------------------------------

Gentleman:

     Reference is made to the Series A Junior Secured Note Agreement dated June
30, 1993 (the "Note Agreement"; terms defined therein being used herein as
therein defined) between BNY Financial Corporation ("BNY") and Aris Industries,
Inc. ("Aris", formerly known as The Marcade Group, Inc.) and the Series A Junior
Secured Note issued pursuant to the Note Agreement by Aris in favor of BNY dated
June 30, 1993 in the original principal amount of $7,000,000 (the "Note").

     At the request of Xxxx, BNY hereby consents to the deferral, until August
18, 1997, of the required payments of the quarterly interest under the Note
originally due May 5, 1997 (and previously deferred with BNY's consent until
July 18, 1997) and August 4, 1997, subject to the following terms and
conditions. The nonpayment of such quarterly interest prior to August 18, 1997
shall not be a Default or Event of Default under the Note Agreement or the Note.
The Note Agreement and the Note are hereby deemed amended to implement the
foregoing.

     BNY's forbearance from exercising its rights with respect to such quarterly
interest payment is not, and shall not be deemed to be, a waiver of any other
term, condition, covenant or agreement or any other aspect of the Note Agreement
and/or the Note. The forbearance is therefore limited exclusively to the
specific period of time and circumstances covered by this letter, and this
letter is without prejudice to, and hereby expressly reserves, all other rights
and remedies of BNY.


                                          Very truly yours,


                                          ARIS INDUSTRIES, INC.


                                          By: /s/ XXXX XXXXXXX
                                              -------------------------------
                                                  Xxxx Xxxxxxx,
                                                  Senior Vice President



AGREED AND ACCEPTED:

BNY FINANCIAL CORPORATION


By: /s/ XXX XXXXXXX
    -------------------------------
    Xxx Xxxxxxx,
    Senior Vice President