Nautica Enterprises Inc Sample Contracts

Nautica Enterprises Inc – FOR: Nautica Enterprises, Inc. APPROVED: Wayne A. Marino Senior Vice President - Chief Financial Officer (212) 541-5757 CONTACT: Shannon L. Froehlich Vice President - Corporate Investor Relations (212) 541-5757 Financial Media Relations: FOR IMMEDIATE RELEASE Stephanie Sampiere --------------------- FD Morgen-Walke (212) 850-5600 NAUTICA ENTERPRISES, INC. REPORTS FOURTH QUARTER AND FISCAL 2003 YEAR-END EARNINGS RESULTS ~ Strong Cash Position of $83.0 Million at Year-End ~ ~ Company is Comfortable With Analysts' Consensus Estimate of $0.01 for Q1'04, Excluding a Special Charge Related to Nautic (May 1st, 2003)

Twelve Months Three Months Ended Ended March 1, March 2, March 1, March 2, 2003 2002 2003 2002 -------------------------- ------------------------ Net sales $ 693,715 $ 692,092 $ 178,493 $ 156,606 Gross profit 296,367 284,415 74,530 62,473 Operating expenses 254,933 249,593 64,830 63,197 Special charges 16,282 14,442 2,588 14,442 Net royalty income 9,329 7,860 2,339 1,616 Operating profit (loss) 34,481 28,240 9,451 (13,550) Investment income (expense) (1,364) (488) (458) 58

Nautica Enterprises Inc – ASSET PURCHASE AGREEMENT dated as of April 23, 2001 by and among NAUTICA ENTERPRISES, INC., EJI ACQUISITION SUBSIDIARY, INC., BENJAMIN FREIWALD, SUZANNE COSTAS FREIWALD and EARL JEAN, INC. This AGREEMENT (together with the Schedules and Exhibits hereto, the "AGREEMENT"), dated as of April 23, 2001, is by and among Nautica Enterprises, Inc., a Delaware corporation ("PARENT"), EJI Acquisition Subsidiary, Inc., a Delaware corporation and wholly-owned subsidiary of Parent ("PURCHASER"), Benjamin Freiwald and Suzanne Costas Freiwald (each such individual, a "SHAREHOLDER" and collectively, the "SHAR (May 15th, 2001)
Nautica Enterprises Inc – EMPLOYMENT AGREEMENT (May 26th, 2000)
Nautica Enterprises Inc – 1996 STOCK INCENTIVE PLAN (June 1st, 1998)
Nautica Enterprises Inc – DEFERRED COMPENSATION PLAN (May 28th, 1998)
Nautica Enterprises Inc – 1996 STOCK INCENTIVE PLAN (May 16th, 1997)