Common use of MINIMUM SALES LEVELS Clause in Contracts

MINIMUM SALES LEVELS. The first bona fide shipment of mens footwear to a customer of Licensee shall occur no later than February 28, 1997. In addition, during each Annual Period, Licensee shall be required to meet the following minimum levels of Net Sales of the mens footwear ("Minimum Sales Level of Mens Footwear"): Minimum Sales Annual Period Level of Mens Footwear First ...... $ 7,000,000* Second...... $13,000,000 Third ...... $20,000,000 Fourth $25,000,000 Fifth ...... $29,000,000 Sixth ...... $32,000,000 Seventh..... $35,000,000 Eighth $38,000,000 *In the event that Licensee commences shipment of Licensed Products prior to October 15, 1996, the Minimum Sales Level for the First Annual Period shall be increased by $583,333.33 for each month or part thereof from the date of first shipment to October 15, 1996. The first bona fide shipment of womens footwear to a customer of Licensee shall occur no later than September 30, 1998. For purposes of the license granted hereunder for womens footwear, the Minimum Sales Level, Net Sales and corresponding payments associated therewith, shall be accumulated for the Second and Third Annual Periods. In addition, during each Annual Period, Licensee shall be required to meet the following minimum levels of Net Sales of womens footwear: Minimum Sales Level Annual Period For Womens Footwear Second and Third $ 54,000,000 Fourth $ 75,000,000 Fifth $ 96,000,000 Sixth $ 120,000,000 Seventh $ 150,000,000 Eighth $ 180,000,000 The Minimum Sales Level for each Annual Period shall be the greater of the amounts set forth above for such Annual Periods and eighty (80%) percent of the actual Net Sales for the immediately preceding Annual Period. In no event may the Minimum Sales Level for any Annual Period be less than Minimum Sales Level for the immediately preceding Annual Period.

MINIMUM SALES LEVELS. The first bona fide shipment of mens footwear Mens Footwear to a customer of Licensee shall occur no later than February 28, 1997. In addition, during each Annual Period, Licensee shall be required to meet the following minimum levels of Net Sales of the mens footwear ("Minimum Sales Level Levels of Mens Footwear"): : Minimum Sales Annual Period Level of Mens Footwear First ...... $ 7,000,000* Second...... Second $13,000,000 Third ...... $20,000,000 44,600,000 Fourth $25,000,000 48,300,000 Fifth ...... $29,000,000 53,100,000 Sixth ...... $32,000,000 Seventh..... 53,100,000 Seventh $35,000,000 53,100,000 Eighth $38,000,000 53,100,000 *In the event that Licensee commences shipment of Licensed Products prior to October 15, 1996, the Minimum Sales Level for the First Annual Period shall be increased by $583,333.33 for each month or part thereof from the date of first shipment to October 15, 1996. The first bona fide shipment of womens footwear Womens Footwear to a customer of Licensee shall occur no later than September 30, 1998. For purposes of the license granted hereunder for womens footwearWomens Footwear, the Minimum Sales Level, Net Sales and corresponding payments associated therewith, shall be accumulated for the Second and Third Annual Periods. In addition, during each Annual Period, Licensee shall be required to meet the following minimum levels of Net Sales of womens footwearWomens Footwear: Annual Period Minimum Sales Level Annual Period For Womens Footwear Second and Third $ 54,000,000 40,000,000 Fourth $ 75,000,000 60,000,000 Fifth $ 96,000,000 75,000,000 Sixth $ 90,000,000 Seventh $105,000,000 Eighth $120,000,000 Seventh $ 150,000,000 Eighth $ 180,000,000 The Minimum Sales Level for each Annual Period, commencing with the Third Annual Period and thereafter, shall be the greater of the amounts set forth above for such Annual Periods and eighty (80%) percent of the actual Net Sales for the immediately preceding Annual Period. In no event may the Minimum Sales Level for any Annual Period be less than Minimum Sales Level for the immediately preceding Annual Period.