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EXHIBIT 10.82
First Union 1133 Avenue of the Americas
New York, NY 10036
Tel 212 840-2000
http://www.congressfinancial.com
August 9, 2000
Mr. Eugene C. Wielepski
I.C. Isaacs & Company, LP
3840 Bank Street
Baltimore, MD 21224-2522
Dear Gene:
In reference to the Covenant Supplement to the Accounts Financing
Agreement (Security Agreement) dated 6/16/92, as amended, you have advised us
that as of 6/30/00 you will not be in compliance with the Net Worth covenant
referenced in Sections 1.17 and 4.13, as amended in the Eighteenth Amendment to
Financing Agreements dated as of 5/30/00.
Congress Financial Corporation hereby waives the Net Worth covenant for
the period from April 1, 2000 through August 31, 2000.
In consideration of the above waiver, I.C. Isaacs & Company, LP agrees
to pay Congress a fee of $15,000, which shall be charged to your loan account.
Very truly yours,
CONGRESS FINANCIAL CORPORATION
/s/ Robert P. Strack
Robert P. Strack
Vice President
AGREED:
I.C. ISAACS & COMPANY, LP
/s/ Eugene C. Wielepski
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By:
Title: Vice President
