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                                                                  EXHIBIT 10.35



                                Keith L. Lampert
                               Terms of Employment
                                      with
                              Concord Camera Corp.


1)     Position

       Vice President of Concord Camera Corp. and, until April 24, 2000, Vice
       President, Operations, Concord Camera HK Limited ("CCHK"). As of April
       24, 2000, the employee was promoted from Vice President, Operations of
       CCHK, to Managing Director of CCHK. As of March 12, 2001, the employee
       was promoted to Vice President of Worldwide Operations of Concord Camera
       Corp.

2)     Employer

       Concord Camera Corp., a New Jersey corporation (hereinafter, the
       "Company" or "Concord").

3)     Term

       Three (3) years and one day commencing effective as of January 1, 2000
       (the "Effective Date") and ending on January 1, 2003, inclusive (the
       "Term"). Thereafter, the Term may be renewed or extended by mutual
       agreement of both parties in writing. The employment may be terminated by
       the Company in accordance with Section 12 below at any time during the
       Term.

4)     Reports To

       The Senior Vice President, or such other person or persons as the Senior
       Vice President or the Chairman and Chief Executive Officer may designate.

5)     Compensation

       Salary: $225,000 per annum, increasing to $255,000 effective as of
       January 1, 2001. The aforesaid salary amount is payable in accordance
       with the Company's normal payroll policies for executives and is to be
       reviewed on an annual basis. The employee will receive an additional
       $25,000 per annum, payable in monthly installments, as an overseas
       allowance, for the period of time during which he is on assignment
       overseas.

       Deferred Compensation: The employee has received a one-time grant of
       deferred compensation equal to $450,000 and the entire amount has been
       deposited by the Company into a deferred compensation account created for
       this purpose. The deferred compensation shall vest, so long as the
       employee continues to be employed by the Company, in the following annual
       installments: (i) as to $150,000 on January 1, 2001; (ii) as to $150,000
       on January 1, 2002; and (iii) as to $150,000 on January 1, 2003. The
       Company has adopted a supplemental executive retirement plan (the "SERP")
       for the benefit of the employee, setting forth the terms


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       and conditions under which the deferred compensation will be paid to the
       employee. The SERP provides for immediate vesting of the foregoing
       amounts upon a change of control of the Company. The SERP will be amended
       to also provide for immediate vesting in full if the Company terminates
       the employee's employment without cause (as defined in Section 12) before
       the end of the Term.

6)     Tax Equalization

       Employee will be provided with tax equalization in accordance with the
       Company's Executive Management Tax Equalization Policy for executives
       working overseas, a summary of which has been provided to the employee,
       for the period of time during which the employee is on assignment
       overseas.

7)     Expense Reimbursement and Housing

       All reasonable documented expenses necessarily incurred in the
       performance of the employee's duties. Housing and all utilities will be
       provided by CCHK at its expense for the period during which the employee
       is on assignment overseas.

8)     Vacation

       Three (3) weeks vacation per year. Employee shall provide the Company a
       minimum of 30 days' prior written notice of a request for vacation days.
       All vacation days are subject to the Company's approval. The employee
       shall be entitled to the Company's regularly scheduled holidays.

9)     Bonus

       The employee is eligible to participate in the Company's management
       incentive compensation program that was approved by the Board of
       Directors of the Company on August 23, 1995 and November 8, 1995. The
       participation shall be subject to the terms and conditions of said
       program.

10)    Options

       The employee has been granted the following option, effective as of April
       24, 2000, to purchase up to 101,808 shares of the common stock of
       Concord:

              With vesting as to 33,936 shares on April 24, 2000;
              With vesting as to 22,624 shares on January 1, 2001;

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              With vesting as to 22,624 shares on January 1, 2002; and
              With vesting as to 22,624 shares on January 1, 2003.

       The exercise price per share of the option is $22.1875. The foregoing
       exercise price and the number of shares subject to the foregoing option
       have already been adjusted to reflect the April 14, 2000 stock split paid
       to shareholders of record on March 27, 2000. The option is subject to the
       terms and conditions of that certain option agreement dated as of April
       24, 2000, by and between Concord and the employee (the "Option
       Agreement"). The Option Agreement provides for immediate vesting as to
       all shares underlying the option upon a change of control of the Company
       (as defined therein). The Option Agreement will be amended to also
       provide for immediate vesting in full if the Company terminates the
       employee's employment without cause (as defined in Section 12) before the
       end of the Term. The grant of the aforesaid option does not establish any
       right of continued employment.

11)    Benefits

       The employee shall be eligible to receive the following benefits, as same
       are made generally available to Company employees who participate in
       these plans, with contributions, as applicable, to be made by the
       employee and/or the Company consistent with the applicable plan(s):
       o        Life insurance at a rate of at least two (2) times base salary
       o        Medical and Dental insurance
       o        Disability Insurance
       o        401K Plan

       To the extent that the Company in its sole discretion modifies or
       terminates any of the foregoing plans or benefits, the employee shall be
       subject to said changes.

12)    Termination

       o        The employee may be terminated for cause. Cause shall mean: (i)
                continued failure to obey reasonable instructions of the
                person(s) to whom the employee reports; (ii) continued neglect
                of duties and responsibilities; (iii) willful misconduct or
                other actions in bad faith which are to the detriment of the
                Company and/or any of its subsidiaries or affiliates; (iv)
                failure to comply with any of the provisions set forth in
                Exhibit A; or (v) failure to comply with the Code of
                Conduct annexed as Exhibit B. Prior to terminating the employee
                for cause the Company shall provide the employee with
                written notice of the allegations giving rise to termination and
                provide the employee with 30 days to respond to the allegations
                and an additional 30 days to


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                cure, remedy or rectify any circumstances giving rise to
                termination for cause to the extent that any cure, remedy or
                rectification is possible.

       o        Concord may terminate the employee's employment at any time for
                any reason by giving the employee 30 days' written notice. In
                the event Concord elects to terminate pursuant to this
                provision, it may at its option request employee to remain in
                its employment during the 30 day period following delivery of
                notice of termination, provided that the Company shall continue
                to provide the employee with his normal and customary
                compensation and benefits as prescribed in Sections 5, 6, 7, 8,
                9, 10 and 11. Alternatively, Concord may require the employee to
                cease working at any time during the 30-day notice period. If:
                (i) Concord terminates the employee's employment without cause
                (as defined above in this Section) whether during the Term or at
                any time after the expiration of the Term; or (ii) the employee
                terminates his employment with Concord after the expiration of
                the Term (but not before), then the employee will be paid for a
                total of one (1) year (the "Severance"), excluding any portion
                of the 30-day notice period for which the employee remained in
                the Company's employment, at the then effective compensation
                provided for in Section 5 (salary plus overseas allowance). The
                portions of such Severance that are related to the employee's
                salary, overseas allowance and any auto allowance will be paid
                in installments (net of required withholding) in accordance with
                the Company's normal payroll schedule for executives. The
                Company's obligation to pay any such Severance is conditioned
                upon the employee's prior and continued compliance with the
                provisions of this Agreement including, but not limited to,
                Section 13 and Exhibit A.

       o        To the extent that the employee's employment terminates for any
                reason outlined above, benefits as set forth in Sections 8 and
                11 provided to employee will terminate as of the last day of
                employment unless otherwise specified in any employee benefit
                plan or unless otherwise specified as a matter of law.

13)    Confidentiality and Intellectual Property; Non-Compete; Code of Conduct

       Annexed hereto as Exhibits A and B, respectively, are provisions
       applicable to the employee which are incorporated herein by reference and
       are part of this Agreement. As consideration for the covenants of
       employee set forth in Exhibit A, the Company hereby employs or continues
       to employ employee and employee hereby accepts employment or continued
       employment upon the terms and conditions contained herein. The employee
       acknowledges and agrees that the provisions set forth in Exhibits A and B
       do not affect the Company's ability to terminate the employee at any time
       with or without cause. If a provision set forth in this Term

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       Sheet conflicts with a provision set forth in one or both of the
       exhibits, then the provisions of this Term Sheet shall govern. The
       obligations set forth in Exhibits A and B shall survive any termination
       of the employee's employment and/or any termination or expiration of this
       Agreement. The Company acknowledges that employee's willingness to enter
       into the non-compete covenants is based solely on employee receiving the
       Severance in the circumstances provided for in Section 12. The employee
       acknowledges that, if the Company terminates the employee's employment
       with cause (as defined in Section 12) or if the employee terminates his
       employment with the Company before the end of the Term (in breach of this
       Agreement), then the employee will not be entitled to receive the
       Severance described in Section 12 but the non-compete covenants will
       nevertheless remain in full force and effect.

       In the event the employee fails to comply with any of the terms or
       conditions of Exhibit A or B (as same may be modified in this Term
       Sheet), all stock options granted by the Company, pursuant to this
       Agreement or otherwise, are thereby forfeited regardless of whether such
       options have vested.

 14)   Representation by Employee

       Employee acknowledges and represents that he is not subject to any
       agreement or understanding, oral or written, direct or indirect, which
       would in any way prohibit, interfere with, restrict or limit: (a) the
       employee's employment by the Company (or any of its subsidiaries or
       affiliates); or (b) any activities contemplated as part of the employee's
       employment hereunder.

15)    Acknowledgment of Representation by Counsel

       Employee acknowledges that he has been represented by independent counsel
       or has knowingly waived his right to be represented by independent
       counsel with respect to the negotiation and execution of this Agreement.
       The Company shall reimburse the employee in an amount not to exceed
       $2,500 for professional fees actually incurred by the employee with
       respect to professional fees applicable to the review and negotiation of
       this Agreement.

16)    Indemnification

       The employee agrees to indemnify the Company for any damages, claims,
       expenses or costs, including attorneys fees, incurred by the Company
       relating directly or indirectly to any act or omission of the employee
       outside of the scope of the employee's duties and responsibilities as an
       employee of the Company. The Company agrees to indemnify the employee for
       any damages, claims, expenses or costs, including attorneys' fees,
       incurred by the employee relating directly or indirectly to any act or
       omission of the Company within the scope of

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       performing the employee's duties and responsibilities as an employee of
       the Company.

17)    Entire Agreement

       This Agreement (which includes all schedules and exhibits to same)
       contains the entire understanding and agreement among and between the
       parties and supersedes any prior understandings or agreements, oral or
       written, between them relating to the subject matter hereof.
       Notwithstanding the foregoing, unless this Agreement specifically
       provides otherwise, it does not supercede any prior option agreements
       entered into between the Company and the employee. Any amendments to this
       Agreement must be in writing, signed by the parties affected by the
       amendment.

18)    Severability

       If any provision of this Agreement is held breached, illegal, invalid or
       unenforceable, such provision shall be deemed severed and the remainder
       of this Agreement will remain binding on the parties as though the
       breached, illegal, invalid or unenforceable provision had not been
       included.

19)    Attorneys' Fees

       If any action at law or in equity is brought to enforce the provisions of
       this Agreement, the prevailing party shall be entitled to reasonable
       attorneys' fees, whether at pretrial, trial or appellate levels, which
       may be set by the court in the same action or in a separate action for
       that purpose, including reasonable costs and fees awarded in such action,
       in addition to any other relief to which the party may be entitled.

20)    Governing Law

       This Agreement and the employment of the employee shall be governed by
       the laws of the State of Florida. Any litigation related to or arising
       out of this Agreement shall be brought in the state or federal courts of
       the State of Florida, or in the event the Company moves its principal
       place of business from the State of Florida, in the state or federal
       courts of the state of such other principal place of business. The
       parties agree that service of process may be effected by certified or
       registered mail, return receipt requested, or by regular mail if
       certified or registered mail is refused. The parties hereto agree to
       waive, and do hereby waive, trial by jury. The employee agrees and
       acknowledges that in the event of his violation of any term or condition
       of this Agreement that the Company will have no adequate remedy at law
       and shall, therefore, be entitled to enforce any provision hereof by
       temporary or permanent injunctive or mandatory relief obtained in any
       court of competent jurisdiction without the necessity of


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       proving damage or posting any bond or other security and without
       prejudice to any other remedies that may be available to the Company at
       law or in equity.

Accepted and Agreed:                      Accepted and Agreed:
--------------------                      --------------------

EMPLOYEE                                  CONCORD CAMERA CORP.


/s/ Keith L. Lampert                      By:   /s/  Brian F. King
-----------------------------                 ---------------------------------
Keith L. Lampert                              Brian F. King
                                              Senior Vice President


Date: September 26, 2001                  Date: September 26, 2001
      -----------------------                   -------------------------------



Rev.  08/16/00


[Exhibits A and B to this Agreement are identical to Exhibits A and B to the
Terms of Employment of Brian King, filed herewith as Exhibit 10.32.]