<PAGE>
EXHIBIT 10.1
AMENDMENT NO. 1 TO LICENSE AGREEMENT
THIS AMENDMENT NO. 1 TO LICENSE AGREEMENT (effective January 1, 2000) (the
"Agreement"), is by and between WRANGLER APPAREL CORP. ("Licensor") and
GARGOYLES, INC. ("Licensee").
W I T N E S S E T H:
WHEREAS, Licensor and Licensee desire to amend the Agreement,
NOW THEREFORE, in consideration of the terms and conditions set forth below
and other good and valuable consideration, receipt of which is hereby
acknowledged, the parties hereto agree as follows:
1. Schedule II is amended in its entirety by deleting it and replacing
it with the Amended Schedule II attached to this Amendment.
2. Schedule VI - Approved Distribution is amended in its entirety by
deleting it and replacing it with the Amended Schedule VI - Approved
Distribution attached to this Amendment.
3. Except as heretofore amended, the parties do hereby ratify and
affirm the terms of the Agreement.
IN WITNESS WHEREOF, the parties have caused this Amendment No. 1 to be
executed by their duly authorized officers in two or more counterparts, each of
which shall for all purposes be deemed an original, as of the day and year first
above written.
WRANGLER APPAREL CORP.
/s/ Jacquelyn A. Pellegrino
By: ______________________________
<PAGE>
Title: Authorized Signatory
Date: August 3, 2000
GARGOYLES, INC.
/s/ Leo Rosenberger
By: ______________________________
Title: CEO and CFO
Date: August 2, 2000
<PAGE>
AMENDED SCHEDULE II
REGISTERED TRADEMARKS - UNITED STATES OF AMERICA
<TABLE>
<CAPTION>
REGISTRATION REGISTRATION
TRADEMARK NUMBER DATE CLASS
--------- ------------------ -------------------- -----------
<S> <C> <C> <C>
WRANGLER (Stylized) 1,960,637 March 5, 1996 9
WRANGLER (Stylized) 1,807,270 November 30, 1993 9
</TABLE>
PENDING TRADEMARK APPLICATIONS - UNITED STATES OF AMERICA
<TABLE>
<CAPTION>
APPLICATION APPLICATION
TRADEMARK NUMBER DATE CLASS
--------- ---------------- -------------------- -----
<S> <C> <C> <C>
RIATA Not yet available 9
TWENTY X Not yet available 9
</TABLE>
PENDING TRADEMARK APPLICATIONS - CANADA
<TABLE>
<CAPTION>
APPLICATION APPLICATION
TRADEMARK NUMBER DATE CLASS
--------- ---------------- -------------------- -----
<S> <C> <C> <C>
WRANGLER (Stylized) 735,119 August 18, 1993 N/A
RIATA Not yet available
TWENTY X Not yet available
</TABLE>
<PAGE>
REGISTERED TRADEMARKS - MEXICO
<TABLE>
<CAPTION>
REGISTRATION REGISTRATION
TRADEMARK NUMBER DATE CLASS
--------- ------------------ ------------------- -----------
<S> <C>
WRANGLER (Rope) 449046 December 14, 1993 9
WRANGLER (Rope) and 143882 May 20, 1993 9
W-STITCH DESIGN IN
POCKET DEVICE
WRANGLER (Stylized) 540118 January 28, 1997 9
</TABLE>
PENDING TRADEMARK APPLICATIONS - MEXICO
<TABLE>
<CAPTION>
APPLICATION APPLICATION
TRADEMARK NUMBER DATE CLASS
--------- ----------------- -------------------- -----
<S> <C> <C> <C>
RIATA Not yet available 9
TWENTY X Not yet available 9
</TABLE>
<PAGE>
AMENDED SCHEDULE VI
APPROVED DISTRIBUTION
Western Specialty Stores; Mid-Market Department Stores; AAFES; Nexcom; Sunglass
Specialty Stores; Optical Retailers, including distribution to locations
occupying leased, licensed or otherwise discrete space within any mass-market
retail establishment, including but not limited to Target, Wal-Mart, K-Mart or
Fred Meyers; Optical distributors that sell and ship to ophthalmologists,
optometrists, and opticians; Farm and Fleet Stores; and catalogues published by
any of such approved retailers.
