Document:

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Exhibit 10.12
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                              BARNES & NOBLE, INC.

                                RECORD OF ACTION

Pursuant to authority granted to me in my capacity as Vice President, Human
Resources Administration, of Barnes & Noble, Inc. (the "Company") by the Board
of Directors of the Company (the "Board") by written action in lieu of a meeting
of the Board of Directors on November 19, 1999 which extended to me authority to
take such actions as may be necessary to carryout the intent of the resolutions
adopted by such written action, the undersigned hereby takes the following
action:

      RESOLVED, that the Barnes & Noble, Inc. Employees' Retirement Plan be, and
      hereby is, amended, effective as of January 1, 2000, in the following
      respects:

     1.  Section 1.09 is amended by the addition of the following sentence to
         the end thereof:

         "Notwithstanding any Plan provision to the contrary, Certified Earnings
         shall not include any amount paid to an Eligible Employee on or after
         January 1, 2000."

     2.  Section 1.12 is amended by replacing the second sentence thereof with
         the following:

         "In determining a Participant's Covered Compensation for any Plan Year,
         the taxable wage base for the current Plan Year and any subsequent Plan
         Year shall be assumed to be the same as the taxable wage base in effect
         as of the beginning of the Plan Year for which the determination is
         made; provided, however, in determining a Participant's Covered
         Compensation for any Plan Year commencing on or after January 1, 2000,
         no increases in the taxable wage base, effective after December 31,
         1999, shall be taken into account."

     3.  Section 1.19 is amended by the addition of the following sentence to
         the end thereof:

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         "Notwithstanding any Plan provision to the contrary, Final Average
         Compensation shall be determined without regard to any Certified
         Earnings paid on or after January 1, 2000."

     4.  Section 2.01 is amended by the addition of the following sentence to
         the end thereof:

         "Notwithstanding the foregoing, no Eligible Employee shall become a
         Participant on or after January 1, 2000, and participation in the Plan
         shall be frozen as of said date, except as otherwise provided in
         Section 3.03."

     5.  Section 3.02(b) is amended by adding the words "and prior to January 1,
         2000" to the end thereof.

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     6.  Section 3.02 is amended by the addition of the following to the end
         thereof:

         "(e)     Notwithstanding any Plan provision to the contrary, Credited
                  Service shall not be counted for any period of service
                  rendered on or after January 1, 2000."

     7.  Section 1.19 of Appendix B is amended by the addition of the following
         to the end thereof:

         "Notwithstanding any Plan provision to the contrary, Final Average
         Compensation shall be determined without regard to any Compensation
         paid on or after January 1, 2000."

     8.  Section 2.01(b) of Appendix B is amended by the addition of the
         following sentence at the end thereof:

         "Notwithstanding the foregoing, no Employee shall become a Participant
         on or after January 1, 2000, except as otherwise provided in Section
         3.03."

     9.  Section 3.02 of Appendix B is amended by adding in the second sentence
         thereof between the words "the Employer" and "due to service" the words
         "prior to January 1, 2000" and by the addition of the following to the
         end thereof:

         "Notwithstanding any Plan provision to the contrary, Credited Service
         shall not be counted for any period of service rendered on or after
         January 1, 2000."

     10. Section 1.09 of Appendix C is amended by adding in the first sentence
         thereof between the words "barnesandnoble.com llc" and "which is
         recognized" the words "rendered prior to January 1, 2000."

     11. Section 1.09 of Appendix C is amended by adding in the first sentence
         of the third paragraph thereof between the words "Retirement Plan" and
         "which is recognized" the words "rendered prior to January 1, 2000."

      March 1, 2000                            /s/Michelle Smith
-----------------------------     ----------------------------------------------
          Date                    Vice President, Human Resources Administration<PAGE>

Exhibit 10.18

                              BARNES & NOBLE, INC.
                                122 Fifth Avenue
                            New York, New York 10011

                                          As of January 1, 2000

Mr. Stephen Riggio
81 Post Kunhardt Road
Bernardsville, New Jersey 07924

Dear Mr. Riggio:

            This letter agreement is intended to amend and restate the letter
agreement between us dated as of July 25, 1993, as amended as of April 1, 1998
(the "Original Agreement"), regarding your employment by Barnes & Noble, Inc.
The Original Agreement is hereby amended and restated to read in its entirety as
follows:

1. Employment; Duties. Barnes & Noble, Inc. (the "Company") hereby employs you,
and you hereby accept employment, as Vice Chairman of the Board of the Company.
Your principal duties shall be to oversee and develop investments in the
Company's existing and future affiliates, including but not limited to
barnesandnoble.com and iUniverse.com, and such other duties and responsibilities
as are prescribed by the Chairman of the Board or the Board of Directors of the
Company consistent with the office of Vice Chairman of the Company. While you
are the Company's employee, you agree to devote your full business time and
attention to the performance of your duties and responsibilities as Vice
Chairman of the Board of the Company. With your approval and subject to the
terms hereof, the Company may also designate you to hold officer and/or director
positions on subsidiaries and/or affiliates of the Company.

2. Term. The term of this Agreement will be for a period beginning on the date
hereof and ending on the fifth anniversary of the date hereof.

3. Compensation.

     3.1. Salary. The Company will pay you, for all services you perform
          hereunder, an annual salary of $500,000, or such higher amount as the
          Company may determine, payable in accordance with the Company's
          payroll schedule applicable to executive officers of the Company.

     3.2. Bonus Compensation. In addition to your above-mentioned salary, we
          will pay you, within 90 days following the end of each fiscal year of
          the Company during the term of your employment, annual bonus
          compensation in an amount determined in accordance with the Company's
          Supplemental Compensation Plan.
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     3.3. Options and Payments from Affiliates. You shall be eligible to receive
          from affiliates of the Company stock options and similar incentives,
          as agreed to by such affiliates. Unless otherwise agreed to by the
          Company, you shall not be entitled to participate in any incentive
          stock option or similar incentive plan maintained by the Company. To
          the extent in any year during the term hereof you receive any cash
          compensation from any affiliate of the Company for services rendered
          by you on its behalf, such compensation shall be credited against the
          annual salary and bonus due to you hereunder for such year.

     3.4. Employee Benefits. Except as provided in Section 3.3 above, during the
          term of your employment, you will participate in and receive any
          benefits to which you are entitled under employee benefit plans which
          the Company provides for all employees, as well as those benefits
          which the Company provides, or may at any time in the future provide,
          for its executive officers.

     3.5. Expenses; Car Allowance. During the term of your employment, we will:
          (a) pay you a car allowance per month in an amount to be determined by
          the Company; and (b) reimburse you for all expenses incurred by you in
          the performance of your duties and responsibilities under this
          Agreement, including, without limitation, entertainment and travel
          expenses, in accordance with the policies and procedures established
          by the Board of Directors of the Company.

     3.6. Life and Disability Insurance. In addition to the foregoing, we will
          obtain in your name a life insurance policy providing for a death
          benefit of $1,000,000 payable to any beneficiary or beneficiaries
          named by you, and a disability insurance policy providing for monthly
          payments to you at a rate of 60% of your then annual salary during the
          period of any disability until the earlier of your attaining age 65 or
          death. During the term of your employment, we will pay all premiums
          due on such policies.

4.    Non-Competition.

     4.1. Covenant. You agree that so long as you are actively employed under
          this Agreement or any agreement in renewal hereof and for a period of
          two years after your voluntary termination of your employment or the
          termination of your employment by the Company for cause (other than
          following a change of control of the Company), you will not directly
          or indirectly either as principal, agent, stockholder, employee or in
          any other capacity, engage in or have a financial interest in, any
          business that is competitive with the businesses operated by the
          Company, its subsidiaries and affiliates.

     4.2. Ownership of Other Securities. Nothing herein contained in this
          Section 4 shall be construed as denying you the right to own
          securities of any corporation listed on a
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          national securities exchange or quoted in the NASDAQ System to the
          extent of an aggregate of 5% of the outstanding shares of such
          securities.

     4.3. Reasonableness. You acknowledge that the foregoing limitations are
          reasonable and properly required by the Company and that in the event
          that any such limitations are found to be unreasonable by a court of
          competent jurisdiction, you will submit to the reduction of such
          limitations as the court shall find reasonable.

     4.4. Severability. If any of the restrictions set forth in this Section 4
          should for any reason whatsoever be declared invalid by a court of
          competent jurisdiction, the validity or enforceability of the
          remainder of such restrictions or any other provision of this
          Agreement will not be adversely affected thereby.

     4.5. Remedies. The remedies provided under this Section 4 are non-exclusive
          and shall be in addition to, and not in lieu of, any rights or
          remedies that the Company may possess.

5. Severance. In the event your employment is terminated at any time during the
term hereof other than as a result of your death, disability or resignation, the
Company will continue to pay you the annual salary which you were being paid
under Section 3.1 above during the two-year period immediately following the
termination of your employment. Such payments shall be in lieu of any other
payments which would otherwise be due you under this Agreement.

6.  Miscellaneous.

     6.1. Entire Agreement. This Agreement constitutes the entire agreement
          between you and the Company with respect to the terms and conditions
          of your employment by the Company and supersedes all prior agreements,
          understandings and arrangements, oral or written, between you and the
          Company with respect to the subject matter hereof, including without
          limitation the Original Agreement.

     6.2. Binding Effect; Benefits. This Agreement shall inure to the benefit of
          and shall be binding upon you and the Company and our respective
          heirs, legal representatives, successors and assigns.

     6.3. Amendments and Waivers. This Agreement may not be amended or modified
          except by an instrument or instruments in writing signed by the party
          against whom enforcement of any modification or amendment is sought.
          Either party may, by an instrument in writing, waive compliance by the
          other party with any term or provision of this Agreement to be
          performed or complied with by such other party.
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     6.4. Assignment. Neither this Agreement nor any rights or obligations which
          either party may have by reason of this Agreement shall be assignable
          by either party without the prior written consent of the other party.

     6.5. Litigation Expenses. The Company will pay any actual expenses for
          reasonable attorneys' fees and disbursements incurred by you, or your
          personal representative, in seeking to obtain or enforce any right or
          benefit under this Agreement, if you or your representative is the
          prevailing party.

     6.6. No Mitigation. In the event of termination of this Agreement by you as
          a result of the breach by the Company of any of its obligations
          hereunder, or in the event of the termination of your employment by
          the Company in breach of this Agreement, you shall not be required to
          seek other employment in order to mitigate damages hereunder.

     6.7. Notices. Any notice which may or must be given under this Agreement
          shall be in writing and shall be personally delivered or sent by
          certified or registered mail, postage prepaid, addressed to the party
          at his or its respective address as set forth on the first page
          hereof, or to such other address as he or it may designate in writing
          in accordance with the provisions of this section.

     6.8. Section and Other Headings. The section and other headings contained
          in this Agreement are for reference purposes only and are not deemed
          to be a part of this Agreement or to affect the meaning and
          interpretation of this Agreement.

     6.9. Governing Law. This Agreement shall be construed (both as to validity
          and performance) and enforced in accordance with and governed by the
          laws of the State of New York applicable to agreements made and to be
          performed wholly within the State of New York.

   If the foregoing accurately reflects our agreement, kindly date, sign and
return to us the enclosed duplicate copy of this letter.

                                          Very truly yours,

                                          BARNES & NOBLE, INC.

                                          By: /s/J. Alan Kahn
                                            ------------------------------------
                                              Name:J. Alan Kahn
                                              Title:Chief Operating Officer

ACCEPTED AND AGREED TO:

/s/Stephen Riggio
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Stephen Riggio

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