Exhibit 10.1

                                 AMENDMENT NO. 4
                                       to
                               Terms of Employment
                                       of
                               Blaine A. Robinson
                                      with
                              CONCORD CAMERA CORP.

      AMENDMENT NO. 4, dated  January 7, 2008, to Terms of Employment  having an
effective  date of February 11, 2003,  as  heretofore  amended (as amended,  the
"Amended  Agreement"),  by and between  CONCORD CAMERA CORP. (the "Company") and
Blaine A. Robinson (the "employee").

      FOR GOOD AND VALUABLE CONSIDERATION,  the receipt and sufficiency of which
is hereby acknowledged, the Agreement is hereby amended as follows:

      1.    The second  paragraph  of Section  11,  Termination,  of the Amended
            Agreement is hereby  deleted in its  entirety and replaced  with the
            following:

            Either  party  may  terminate  at any time for any  reason or for no
            reason upon giving the other party 30 days' written  notice.  If the
            Company  terminates  the employee for any reason other than cause or
            for no reason and such termination is made effective  immediately or
            at any other time  before the  expiration  of the  foregoing  30-day
            notice period (the "Notice Period"),  then the Company shall pay the
            employee's base salary and car allowance in lieu of notice,  for the
            remainder  of  such  Notice  Period  (the  "Notice  Payments").   In
            addition,  if the Company  terminates  the  employee  for any reason
            other than cause or for no reason,  then,  subject to the limitation
            set forth in the next sentence,  the employee shall receive payments
            equal  to  twelve  (12)  months  of his  then  base  salary  and car
            allowance (net of required  withholding) (the "Severance  Payments")
            in  accordance   with  the  Company's   normal   payroll   schedule.
            Notwithstanding any provision of this Agreement to the contrary,  in
            no event  shall  the  employee  receive  payments  pursuant  to this
            Section 11 (Notice  Payments and  Severance  Payments)  which,  when
            aggregated,  exceed  twelve (12) months' of his then base salary and
            car  allowance.  By way of  example:  (i) if the  employee  receives
            Notice  Payments  equal  to one  (1)  month's  base  salary  and car
            allowance,  then his Severance  Payments will be eleven (11) months'
            base  salary and car  allowance;  and (ii) if the  employee  instead
            receives 30 days'  notice,  such that there are no Notice  Payments,
            then the  Severance  Payments  will be equal to twelve (12)  months'
            base salary and car allowance.

      2.    This Amendment No. 4 is effective  January 7, 2008. Except as hereby
            amended,  the  Amended  Agreement  shall  continue in full force and
            effect.

      IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the
date first above written.

Accepted and Agreed:                             Accepted and Agreed:

EMPLOYEE:                                        CONCORD CAMERA CORP.


/s/ Blaine A. Robinson                           By: /s/ Ira B. Lampert
----------------------                               ---------------------------
Blaine A. Robinson                                   Ira B. Lampert
                                                     Chairman, CEO and President