EXHIBIT 4.2 AMENDMENT TO G-III APPAREL GROUP, LTD.'S 1997 STOCK OPTION PLAN The G-III Apparel Group, Ltd.'s 1997 Stock Option Plan (the "Plan") is hereby amended in the following respect: The first sentence of Section 2 of the Plan is hereby amended to read as follows: "2. Stock Subject to the Plan. Subject to the provisions of Section 6, the Company may issue and sell a total of 750,000 shares of its common stock, $.01 par value (the "Common Stock"), pursuant to the Plan."