0001047469-11-003659 Sample Contracts

SEPARATION AGREEMENT
Separation Agreement • April 14th, 2011 • Cherokee Inc • Women's, misses', and juniors outerwear • California

This Separation Agreement (“Separation Agreement”) is entered into as of this 17 day of December, 2010, by and between Cherokee, Inc. (“Employer”) and Russell J. Riopelle, (“Employee”) with reference to the following facts:

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NON-QUALIFIED STOCK OPTION AGREEMENT FROM THE 2006 INCENTIVE AWARD PLAN OF CHEROKEE INC.
Non-Qualified Stock Option Agreement • April 14th, 2011 • Cherokee Inc • Women's, misses', and juniors outerwear • California

THIS AGREEMENT, dated February 16, 2011, is made by and between Cherokee Inc., a Delaware corporation, hereinafter referred to as the “Company,” and Jess M. Ravich, a Director of the Company or a Parent Corporation or Subsidiary of the Company, hereinafter referred to as “Director.”

SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • April 14th, 2011 • Cherokee Inc • Women's, misses', and juniors outerwear • California

THIS SECOND AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”), is made and entered into on the 13th day of April, 2011, by and between Henry Stupp (“Stupp”) and Cherokee Inc., a Delaware corporation (the “Company”) with reference to the following facts:

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