POLOSTRO LIMITED P.O. Box 285 6 Commercial Street St. Helier, Jersey Channel Islands Tommy Hilfiger (Eastern Hemisphere) Limited Craigmuir Chambers P.O. Box 71 Road Town, Tortola British Virgin Islands Date: November 2, 1998 Dear Sirs, CONSULTANCY AGREEMENT - AMENDMENT NO. 2 --------------------------------------- The purpose of this letter is to set out an amendment to that certain Consultancy Agreement dated April 1, 1991 between Polostro Limited and Tommy Hilfiger (Eastern Hemisphere) Limited (as the same has heretofore been amended, the 'Agreement'). The terms and conditions of this amendment shall be as follows: 1. Clause 5 of the Agreement shall be amended by deleting the amount 'US225,000' specified therein and substituting, in lieu thereof, the amount 'US500,000'. 2. The foregoing amendment shall be deemed to have effect from 1st April 1998. 3. Except as set forth hereinabove, all of the other terms and conditions of the Agreement shall remain in full force and effect between us unchanged. Would you please confirm your agreement to the above by signing this letter in the space provided below and returning a copy to our attention. The receipt by us of your signed counterpart of this letter will constitute a legally binding agreement between us on the terms of this letter. Yours faithfully, /s/ Lawrence Stroll --------------------------- For and on behalf of POLOSTRO LIMITED Acknowledged and Agreed to: /s/ Joel Horowitz ---------------------------- For and on behalf of TOMMY HILFIGER (EASTERN HEMISPHERE) LIMITED
Consultancy Agreement - Tommy Hilfiger (Eastern Hemisphere) Ltd. and Polostro Ltd.
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