[LOGO]
March 22, 1999
MOSSIMO, INC.
0000 Xxxxx Xxxx
Xxxxxx, XX 00000
Gentlemen:
Reference is made to the Factoring Agreement between us dated January 2, 1990
(as amended, supplemented, or otherwise modified, the "Agreement").
Pursuant to mutual understanding, effective March 22, 1999, the Agreement is
amended to provide as follows:
The fourth sentence of Paragraph 17 shall be deleted and replaced by the
following:
"AS USED HEREIN, THE TERM "ANNIVERSARY DATE" SHALL MEAN JUNE 30, 2002 AND
THE SAME DATE IN EVERY YEAR THEREAFTER"
Except as herein specifically provided, no other change in the terms or
provisions of the Agreement is intended or implied. If the foregoing is in
accordance with your understanding of our Agreement, please indicate by
signing and returning the enclosed copy of this letter to so indicate.
Very truly yours,
THE CIT GROUP/
COMMERCIAL SERVICES, INC.
By: /s/ Xxxxx Ezemoll, V.P.
----------------------------
Xxxxx Ezemoll, Vice President
Read and Agreed to:
MOSSIMO, INC.
By: /s/ Xxxxx Xxxxxxxxxx
----------------------------
Name: Xxxxx Xxxxxxxxxx
Title: SR VP of Finance
