SECOND AMENDMENT TO LICENSE AGREEMENT
DATED JUNE 3, 1999 BETWEEN
TOMMY HILFIGER LICENSING, INC. AND MOVADO GROUP, INC.
AGREEMENT entered into as of the 1st day of August 2002 by and between TOMMY HILFIGER
LICENSING, INC., a Delaware corporation, having an address at University Plaza - Bellevue Building, 262
Chapman Road, Suite 103A, Newark, Delaware 19702 (hereinafter referred to as "Hilfiger") and MOVADO
GROUP, INC., a New York corporation having its offices at 650 From Road, Paramus, New Jersey 07652
("MGI") and MOVADO WATCH COMPANY, S.A., successor by merger with N.A. TRADING, S.A., a
Swiss corporation, having its offices at Bettlachstrasse 8, 2540 Grenchen, Switzerland ("MWC"). MGI and
MWC are hereinafter jointly referred to as "Licensee".
W I T N E S S E T H:
WHEREAS, Hilfiger and Licensee entered into a license agreement dated June 3, 1999, which license agreement
was previously amended by amendment dated January 16, 2002 (the "License"); and
WHEREAS, the parties have agreed to the amendments to the License contained herein.
NOW, THEREFORE, the parties hereto, in consideration of the mutual agreements contained and promises
herein expressed, and for other good consideration acknowledged by each of them to be satisfactory and
adequate, do hereby agree as follows:
1. All capitalized terms used herein shall have the meanings ascribed to them in the License.
2. The following is inserted into the License as Paragraph 1.3A:
"1.3A DISTRIBUTOR means a wholesale distributor approved by Hilfiger to purchase Licensed Products from
Licensee and to resell the same to
*(CONFIDENTIAL PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED FROM PAGES 3, 5, 6
AND FROM EXHIBITS "R" AND "S" THERETO AND FILED SEPARATELY WITH THE SECURITIES
AND EXCHANGE COMMISSION ("SEC") PURSUANT TO RULE 24b-2 OF THE SECURITIES
EXCHANGE ACT OF 1934 ("1934 ACT")).
approved customers as set forth in Paragraph 7.7 below and who shall agree in writing to be bound by
paragraphs 7.7 and 7.8."
3. Paragraph 1