Form: 10-K405

Annual report [Sections 13 and 15(d), S-K Item 405]

EXHIBIT 10.36

Published on


Exhibit 10.36


EXTENSION AGREEMENT

The undersigned are parties to an Employment Agreement dated May 19,
1992, as amended (the "Employment Agreement"). The Employment Agreement is
hereby extended for a five (5) year period commencing as of January 1, 1997.

This Extension Agreement is executed and is effective as of January 1,
1997.

DECKERS OUTDOOR CORPORATION


By: /s/ DIANA M. WILSON
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Title: Chief Operating Officer
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/s/ DOUGLAS B. OTTO
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DOUGLAS B. OTTO