Cfo Employment Agreement Amendment

July 1, 1999


Mr. Awadhesh Sinha Salant Corporation 1114 Avenue of the Americas New York, New York 10036


Dear Awadhesh:


Reference is hereby made to the Employment Agreement ("Employment Agreement"), dated February 1, 1999 between yourself as the employee and Salant Corporation (the "Corporation").


We have mutually agreed to amend the Employment Agreement effective as of the date of this letter as follows:


1. The first sentence of Section 1 is hereby deleted in its entirety and substituted with the following therefore:


"The Corporation agrees to employ the Employee and the Employee
agrees to serve the Corporation as the senior executive officer of the
Corporation, having the titles, Chief Financial Officer and Chief
Operating Officer of the Corporation."


2. The first sentence of Section 2 is hereby deleted in its entirety and substituted with the following therefore:


"The term of the Employee's employment under this Agreement shall
commence on the Commencement Date and end on December 31, 2001."


3. Section 3 (a) is hereby deleted in its entirety and substituted with the following therefore:


"As annual salary for the services to be rendered by the Employee
the Corporation shall pay a salary as of July 1, 1999 at the rate of
$325,000 per annum until December 31, 1999, $350,000 for the next
twelve month period of the Employment Period and $375,000 for the
final twelve month period of the Employment Period, payable in equal
bi-weekly installments during the Employment Period (the "Salary")."


4. Section 6 (f) (ii) is hereby deleted in its entirety and substituted with the following therefore:


"Salary, at the annualized rate in effect on the Termination Date
for a period of twelve (12) months following the Termination Date (the
"Non-renewal Severance Period")."


5. Paragraph (a) of Exhibit 1 to the Employment Agreement , "INCENTIVE COMPENSATION SCHEDULE", is hereby deleted in its entirety and substituted with the following therefore:


"If the ...