CANCELLATION AGREEMENT
AGREEMENT dated this 4th day of March, 1998, by and between GIRBAUD
DESIGN, INC., ("Licensor") a corporation organized and existing under the
laws of the State of Delaware having its offices at: 000 Xxxx 00xx Xxxxxx,
Xxx Xxxx, XX 00000.
and
I.C. XXXXXX & COMPANY, L.P. ("Licensee"), a limited partnership organized
and existing under the laws of Delaware having the offices at 0000 Xxxx
Xxxxxx, Xxxxxxxxx, Xxxxxxxx 00000-0000 and 000 Xxxxx Xxxxxx, Xxxxx 0000-Xxx
Xxxx, XX 00000.
WHEREAS, Licensor and Licensee have entered into a Trademark License and
Technical Assistance Agreement (the "License Agreement") for Men's Xxxx wear
and Casual wear dated November 1997.
1. For good and valuable consideration, the receipt of which is hereby
acknowledged, the parties have agreed to cancel the License Agreement.
2. This cancellation is effective as of January 15, 1998.
GIRBAUD DESIGN, INC. I.C. XXXXXX & COMPANY, L.P.
By: Francois Girbaud By: I.C., XXXXXX & COMPANY, INC
-------------------- General Partner
Name:
Title:
/s/ Xxxxxx X. Xxxxx
---------------------------------
Name: Xxxxxx X. Xxxxx
Title: Chairman & Co-CEO
Date: March 4, 1998
