PEOPLES LIBERATION INC
EX-10.1
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>ex10-1f.txt
<DESCRIPTION>EX-10.1
<TEXT>
                                                                    EXHIBIT 10.1

                                    ADDENDUM


         This  Addendum  ("Addendum")  is entered  into as of May 21,  2007 (the
"Effective  Date") by and between  People's  Liberation,  Inc.  ("Company")  and
Daniel S. Guez ("Executive") (collectively the "Parties").

         WHEREAS,  Company and Executive  previously  entered into an Employment
Agreement dated January 12, 2007 ("Employment Agreement");

         WHEREAS, Company and Executive now mutually seek to modify the terms of
that  Employment  Agreement  as set forth  herein for the mutual  benefit of the
Parties;

         NOW,  THEREFORE,  in consideration  of the mutual  covenants  contained
herein,  the Parties  agree to modify the  Employment  Agreement  to the limited
extent expressly set forth below:

         1.       Executive  shall  take  all  steps  necessary  to  resign  his
position  as Chief  Executive  Officer of the Company  immediately.  The Company
shall  accept  such  resignation  and shall take all  necessary  steps to obtain
approval  of the Board of  Directors  of the Company  for the  resignation.  The
effective date of Executive's  resignation  from his position as Chief Executive
Officer will be May 21, 2007.

         2.       The  Company  shall  take all  necessary  steps to  appoint  a
Co-Chairman  of the  Board  who  shall  serve  concurrently  with  Executive  in
Executive's  current  role as  Chairman  of the  Board.  Upon  appointment  of a
Co-Chairman of the Board,  Executive's  title shall be changed to Co-Chairman of
the Board.

         3.       Executive shall continue in his capacity as Creative  Director
of the  Company.  The Parties  acknowledge  and agree that  except as  expressly
modified  herein,  Executive's  Employment  Agreement  with  the  Company  shall
continue in full force and effect and that this Addendum  shall be  incorporated
by this reference into Executive's Employment Agreement as if set forth therein.

         IN WITNESS  WHREOF,  Executive has hereunto set  Executive's  hand and,
pursuant to the authorization  from the Board,  Company has caused this Addendum
to be executed in its name on its behalf, all as of the day and year first above
written.


"Executive"                            "Company"
Danny S. Guez                          People's Liberation, Inc.


/s/ Daniel Guez                        By:     /s/ Ted Houston
-------------------------                      ------------------------
                                       Title:  President

Dated:   5/21/07                       Dated:   5/21/07
        ----------                             ----------


</TEXT>
</DOCUMENT>
