EXHIBIT 10.2*

FOURTH AMENDMENT

TO

LICENSE AGREEMENT

THIS FOURTH AMENDMENT (this “Fourth Amendment”), dated as of September 28, 2012 (the “Effective Date”), to the License Agreement dated as of November 15, 2005 (together with its amendments, the “License Agreement”) by and between L.C. Licensing LLC. (f/k/a L.C. Licensing, Inc.) a Delaware limited liability company with an office at c/o Fifth & Pacific Companies, Inc., 1441 Broadway, New York 10018 on the one hand (“Licensor”), and Movado Group, Inc., a New York Corporation with an office at 650 From Road, Paramus, New Jersey 07652 (the “Licensee”).

WHEREAS, the Licensor and Licensee (together the “parties”) are parties to the License Agreement; and,

WHEREAS, the parties now desire to amend certain terms of the License Agreement, on and subject to the provisions herein.

NOW THEREFORE, in consideration of the premises, the mutual promises set forth below and for other good and valuable consideration, the sufficiency of which are hereby acknowledged, the parties agree as follows:

IN WITNESS WHEREOF, the parties hereto have caused their respective duly authorized officers to execute this Fourth Amendment as of the Effective Date.

SCHEDULE 3.3(g) MINIMUM NET SALES

Licensee shall achieve Net Sales of Licensed Merchandise in the U.S. of * in Year 1 (2005) and * in Year 2 (2006).

Licensee shall achieve Net Sales in Contract Year 8 (2012) of * .

Licensee shall achieve Net Sales in Contract Year 9 (2013) of * .

In each Contract Year thereafter, other than with respect to Contract Year 8 (2012) and Contract Year 9 (2013), Licensee shall achieve Net Sales equal to * for the prior Contract Year and the following base sales amount for such Contract Year:

Initial Term:

Renewal Term:

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SCHEDULE 8.2 GUARANTEED MINIMUM ROYALTIES (GMR)

The minimum royalty shall be * in Contract Year 1 (2005) and * in Contract Year 2 (2006).

In each subsequent Contract Year, other than with respect Contract Year 8 (2012) and Contract Year 9 (2013) (which minimum royalty amounts are set forth separately below), the minimum shall be * in the prior Contract Year and the following base amount for such Contract Year:

Initial Term:

Renewal Term:

The minimum royalty shall be * in Contract Year 8 (2012).

The minimum royalty shall be * in Contract Year 9 (2013).

For the Contract Year 2 (2006), royalties in excess of the GMR will only be payable on sales that generate royalty revenue in excess of *.

Payment of Guaranteed Minimum Royalties: The minimum royalty for each Contract Year shall be paid in advance in four (4) equal quarterly installments, on the first day of Licensor’s fiscal quarters commencing January 1, 2006.

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