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EXHIBIT 10.38
SIXTH AMENDMENT TO
CREDIT AGREEMENT
This Sixth Amendment to Credit Agreement ("Fifth Amendment"), dated
as of July 22, 1998, is executed by and between ▇▇▇▇▇ FARGO BANK, N.A.,
successor by merger to FIRST INTERSTATE BANK OF CALIFORNIA ("Bank") and DECKERS
OUTDOOR CORPORATION ("Borrower"), with respect to that certain Credit Agreement
dated as of July 27, 1995 (as heretofore amended, the "Credit Agreement")
between Bank and Borrower.
AGREEMENT
Borrower and Bank hereby agree as follows:
1. Section 6.1(o). Section 6.1(o) of the Loan Agreement is amended,
effective as of June 30, 1998, by striking the date "April 30" set forth therein
and substituting in its place the date "July 31."
2. Representations and Warranties. Borrower hereby represents and
warrants to Bank that all representations and warranties contained in the Loan
Documents are true and correct as of the date of this Fifth Amendment.
3. Conditions Precedent. The effectiveness of this Amendment is subject
to the conditions precedent that:
(a) this Sixth Amendment shall have been executed and delivered
by Borrower and the Bank; and
(b) the Bank shall have received the Consent in the form of
Exhibit A executed by all of the Domestic Subsidiaries.
4. Confirmation. In all other respects, the Loan Documents are hereby
confirmed.
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IN WITNESS WHEREOF, Bank and Borrower have executed this Amendment as of
the date set forth alone.
"Borrower" "Bank"
DECKERS OUTDOOR CORPORATION ▇▇▇▇▇ FARGO BANK, N.A.
By: /s/ ▇▇▇▇▇ ▇▇▇ By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇
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Name: ▇▇▇▇▇ ▇▇▇ Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: CFO Title: Vice President
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