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                                                                   EXHIBIT 10.16

                               JO-ANN STORES, INC.
                           1996 STOCK OPTION PLAN FOR
                             NON-EMPLOYEE DIRECTORS

                            EFFECTIVE: JUNE 12, 1996

                  1. PURPOSE. This 1996 Stock Option Plan for Non-Employee
Directors (the "Plan") is designed to enable Fabri-Centers of America, Inc. (the
"Company"), through the grant of options, to continue to attract and retain
highly qualified non-employee directors and to provide additional incentive to
those directors through increased stock ownership. The Plan, upon becoming
effective by reason of its approval by the Company's shareholders, replaces the
1988 Stock Option Plan for Non-Employee Directors (the "Predecessor Plan")
except any option previously granted under the Predecessor Plan will remain
available for exercise under the terms of the Predecessor Plan.

                  2. ADMINISTRATION. The Plan shall be administered by a
committee consisting of not less than two directors of the Company (the
"Committee"), to be appointed by, and to serve during the pleasure of, the Board
of Directors of the Company. No non-employee director may be appointed or serve
as a member of the Committee. Subject to the terms of the Plan, the Committee
shall have full power and authority to interpret the provisions and supervise
the administration of the Plan. All decisions by the Committee pursuant to the
provisions of the Plan shall be final.

                  3. PARTICIPATION IN THE PLAN. Each director of the Company who
is not an employee of the Company or any of its subsidiaries shall be a
participant in the Plan.

                  Each newly elected non-employee director of the Company shall
automatically be granted, on the date of his or her election to the Board of
Directors, an option to purchase 7,500 Class A shares and 7,500 Class B shares
of the Company's Common Stock at the option price set forth in Section 5.

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                  Each continuing non-employee director of the Company shall
automatically be granted, upon approval of this Plan and at the end of each Year
(as defined herein) thereafter, an option to purchase the number of Class A
shares and Class B shares of the Company as follows:

                  (i) 2,000 Class A shares for each continuous Year of service
as a non-employee director completed through and including February 1, 1997 less
the number of shares of the Company's Common Stock originally purchasable upon
exercise of any options awarded to such director for continuous service under
the Predecessor Plan and the Plan; and

                  (ii) 1,500 Class A shares and 1,500 Class B shares for each
continuous Year of service as a non-employee director completed after February
1, 1997 less the number of shares of the Company's Common Stock originally
purchasable upon exercise of any options awarded to such director for continuous
service under the Plan.

                  The option price for any option granted pursuant to the
immediately preceding sentence shall be as set forth in Section 5.

                  For purposes of this paragraph a Year shall be the period
beginning on the date of each Annual Meeting of Shareholders held on or after
June 5, 1989 and ending on the date of the next succeeding Annual Meeting of
Shareholders; provided, however, that the last such period shall constitute a
Year of Service only if the director is re-elected, if his term expired, at the
Annual Meeting of Shareholders held on the last day of such period.

                  The number of shares to be granted to each non-employee
director and the timing of the grants set forth in this Section 3, and the
option price set forth in Section 5, shall not be amended more than once every
six months, other than to comport with changes in the Internal Revenue Code, the
Employee Retirement Income Security Act, or the rules thereunder.

                  4. SHARES SUBJECT TO THE PLAN. The shares subject to the Plan
shall be shares of the Company's Common Stock, without par value, and may be
authorized but unissued shares or treasury shares. The total number of shares
that may be delivered upon the exercise of all options granted under the Plan
may not exceed 124,000 Class A shares and 100,000 Class B shares subject,
however, to adjustment as provided in Section 11.

                  5. OPTION PRICE. The option price shall be 100% of the fair
market value of the shares on the date the option is granted. In no event may
previously unissued shares be issued at a price less than that

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permitted by the Ohio General Corporation Law. For purposes of this Plan, the
"fair market value" of shares on any date shall be the mean between the high and
low sale prices of the shares as reported for New York Stock Exchange-Composite
Transactions on that date or, if no shares are traded on that date, the next
preceding date on which trading occurred. In the event that the shares cease to
be traded on the New York Stock Exchange, the "fair market value" of the shares
shall be determined in the manner prescribed by the Committee.

                  6. EXERCISE OF OPTIONS. Except as otherwise provided in
Section 7, an option may be exercised only while the optionee remains a director
of the Company. No option granted under the Plan may be exercised prior to the
completion of one year of continuous service as director of the Company after
the date of grant, unless an option is accelerated as provided in this section,
nor, under any circumstances, later than the expiration date of the option.
Options granted under the Plan shall become exercisable in increments of
one-fourth of the total shares subject to the option upon completion of each of
four successive one-year periods of continuous service after the date of grant.
If a one-fourth installment of the number of shares subject to the option would
otherwise include a fraction of a share, that installment (unless it is the last
installment) shall be rounded up to the next larger number of full shares. Each
option shall terminate on the date that is ten years following the date of
grant.

                  In the event of a Change in Control (as defined below), any
outstanding option or any portion of an outstanding option shall become
immediately exercisable. The Board shall give the optionee written notice of
such acceleration and the reasons therefor.

                  For purposes of this Agreement, a Change in Control shall have
occurred if at any time any of the following events occurs: (a) a report if
filed with the Securities and Exchange Commission (the "SEC") on Schedule 13D or
Schedule 14D-1 (or any successor schedule, form, or report), each as promulgated
pursuant to the Securities Exchange Act of 1934 (the "Exchange Act"), disclosing
that any "person" (as the term "person" is used in Section 13(d) or Section
14(d)(2) of the Exchange Act) is or has become a beneficial owner, directly or
indirectly, of securities of the Company representing 30% or more of the
combined voting power of the Company's then outstanding securities; provided,
however, that the term "person" shall not include any "affiliate" of the Company
(as the term "affiliate" is defined in Rule 12b-2 of the General Rules and
Regulations under the Exchange Act) or any individual who is considered to own
stock of the Company owned, directly or indirectly, by an "affiliate" under

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the rules of Section 267(c)(2) of the Internal Revenue Code of 1986, as amended;
(b) the Company files a report or proxy statement with the SEC pursuant to the
Exchange Act disclosing in response to Item 1 of Form 8-K thereunder or Item
5(f) of Schedule 14A thereunder that a Change in Control of the Company has or
may have occurred or will or may occur in the future pursuant to any
then-existing contract or transaction; (c) the Company is merged or consolidated
with another corporation and, as a result thereof, securities representing less
than 50% of the combined voting power of the surviving or resulting
corporation's securities (or of the securities of a parent corporation in case
of a merger in which the surviving or resulting corporation becomes a
wholly-owned subsidiary of the parent corporation) are owned in the aggregate by
holders of the Company's securities immediately prior to such merger or
consolidation; or (d) during any period of 24 consecutive months, individuals
who were Directors of the Company at the beginning of such period cease to
constitute at least a majority of the Company's Board of Directors; provided,
however, that a person shall not be considered to be a new director if that
person is nominated or elected as a Director by a vote of at least two-thirds of
the Directors of the Company who were Directors at the beginning of such 24
month period.

                  In the event of the retirement of a director (including, for
purposes of this Plan, a determination not to stand for election for another
term after the expiration of his or her present term) after more than ten years
of continuous service as a director, any outstanding option or options of such
director shall, following the announcement of the proposed retirement, become
immediately exercisable; provided, however, that no acceleration shall be made
of any option granted within the prior twelve-month period. The optionee may
exercise his or her option only as specified in Section 7 or this Section 6;
provided, however, that the exercise of any option or installment accelerated
pursuant to the terms of this paragraph shall be conditioned upon the retirement
of the director.

                  7. EXERCISE OF OPTIONS AFTER TERMINATION OF SERVICE. When an
optionee ceases to be a director of the Company for any reason, that optionee
shall continue to have the right to exercise an outstanding option during the
three-month period immediately following the date of termination of such
service. Options shall be treated as outstanding for this purpose to the extent
that any exercisable installment has not been exercised or otherwise terminated
prior to the date of termination.

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                  8. NOTICE OF GRANT. When a non-employee director is granted an
option under the Plan, the Committee shall promptly cause that director to be
notified in writing of the nature of the grant and the terms of the option. The
date on which the Director is elected or the date of the Annual Meeting of
Shareholders shall be considered to be the date on which the option is granted.

                  9. NOTICE OF EXERCISE; PAYMENT FOR SHARES; WITHHOLDING TAX
ELECTION. An option shall be considered to be exercised when the optionee
notifies the Company in writing of his intention to do so and tenders payment of
the option price in full. Payment of the option price may be made in cash, by
delivery of shares of the Company's Common Stock (taken at their fair market
value on the date of exercise, as defined in Section 5), or partly in cash, and
partly in shares at the election of the optionee. No optionee shall have the
right to vote or to receive dividends on shares purchased upon exercise of an
option until he has paid the option price in full.

                  An optionee may satisfy, in whole or in part, any withholding
tax obligation that may arise in connection with the exercise of an option by
delivering Common Stock to the Company, or by having the Company retain a
portion of the Common Stock subject to the option, with a fair market value of
up to the amount of the withholding tax obligation. The fair market value of the
Common Stock to be delivered or retained shall be determined as of the date
immediately preceding the date on which the amount of the withholding tax
obligation is determined.

                  10. ASSIGNABILITY. An option granted under the Plan may not be
transferred other than by will or by the laws of descent and distribution and is
exercisable during an optionee's lifetime only by him.

                  11. ADJUSTMENTS UPON CHANGES IN SHARES. In the event of any
change in the shares subject to the Plan or to any option granted under the Plan
by reason of a merger, consolidation, reorganization, recapitalization, stock
dividend, stock split, exchange of shares, or other change in the corporate
structure of the Company, the aggregate number of shares as to which options may
thereafter be granted under the Plan, the number of shares subject to each
outstanding option, the option price for shares subject to each outstanding
option, and the number of shares specified in Section 3 shall be appropriately
adjusted by the Committee.

                  12. PURCHASE FOR INVESTMENT. Each director receiving shares
upon exercise of an option may be required by the Company to furnish a
representation that he is acquiring the shares as an investment and not with a
view to distribution if the Company, in its sole discretion, determines that the
representation is required to ensure

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that the resale or other disposition of the shares would not violate the
Securities Act of 1933, as amended (the "1933 Act"), or any applicable state
securities laws. The Company reserves the right to place any legend or other
symbol on certificates for shares delivered pursuant to the Plan, and to issue
any stop transfer or similar instructions to the transfer agent, that the
Company deems necessary and proper to assure compliance with any such
representation.

                  13. COMPLIANCE WITH SECURITIES LAWS. No certificate for shares
shall be delivered upon exercise of an option until the Company has taken any
action that is required to comply with the provisions of the 1933 Act, the
Exchange Act, and any applicable state securities laws and with the requirements
of any exchange on which the Company's Common Stock may, at the time, be listed.

                  14. EFFECTIVE DATE. The Plan was adopted by the Board of
Directors on March 13, 1996, and such action shall be submitted to the Company's
shareholders for their approval at the next annual meeting following that date.
No option shall be granted prior to approval of the Plan by shareholders. If the
shareholders do not approve the Plan on or before March 12, 1997, the Plan shall
terminate.

                  15. DURATION AND TERMINATION OF THE PLAN. The Plan shall
remain in effect until March 12, 2006 and shall then terminate, unless
terminated at an earlier date by action of the Board of Directors. Except as
provided in Section 14, termination of the Plan shall not affect options
previously granted.CONSULTING AGREEMENT

     This Consulting Agreement (this "Agreement") is entered into as of the 17th
day of April,  2007 by and  between  Point  Acquisition  Corporation.,  a Nevada
corporation  ("PAC"), and Heritage Management  Consultants,  Inc., a corporation
organized under the laws of South Carolina ("Heritage" or "the "Consultant").

                                    RECITALS

     Whereas,  Consultant is willing to provide to PAC the  consulting  services
identified in this Agreement; and.

     Whereas, PAC is willing to engage Consultant as an independent  contractor,
and not as an employee, on the terms and conditions set forth herein.

                                    AGREEMENT

     In  consideration  of the  foregoing  and of the mutual  promises set forth
herein, and intending to be legally bound, the parties hereto agree as follows:

1.  Engagement.  PAC hereby engages  Consultant as an independent  contractor to
provide assistance to PAC in its efforts to consummate a combination transaction
with a privately held entity with current business operations.

2. Term.  This  Agreement  will  commence on the date first written  above,  and
unless modified by the mutual written  agreement of the parties,  shall continue
until such time a as a going public transaction is consummated.

3. Compensation. In consideration of the services to be performed by Consultant,
PAC agrees to issue to Consultant 50,000 shares of restricted common stock.

4. Representations and Warranties.  Consultant  represents and warrants (i) that
Consultant has no obligations,  legal or otherwise,  inconsistent with the terms
of this Agreement or with  Consultant's  undertaking this relationship with PAC,
(ii) that  Consultant  will not use in the  performance of its  responsibilities
under this Agreement any confidential  information or trade secrets of any other
person or entity and (iii) that  Consultant  has not entered  into or will enter
into any agreement (whether oral or written) in conflict with this Agreement.

5. Limited  Liability.  Consultant  shall not be liable to PAC, or to anyone who
may  claim  any  right  due to its  relationship  with the PAC,  for any acts or
omissions  on the part of the  Consultant  or the  agents  or  employees  of the
Consultant in the performance of Consultant's services under this Agreement. PAC
shall hold Consultant  free and harmless from any  obligations,  costs,  claims,
judgments, attorney's fees, or attachments arising from or in any way related to
the services rendered to PAC.

6. Material Non-Public  Information.  Consultant understands that as a result of
this  Agreement  Consultant  may  become  privileged  to  material,   non-public
information  concerning  the Company  and its  operations.  As such,  Consultant
hereby agrees not to trade in the Company's  securities at any time it possesses
material, non-public information regarding the Company or its operations.

7. Governing  Law. This Agreement  shall be governed by the laws of the State of
Nevada.

8.  Miscellaneous.  If any action at law or in equity is necessary to enforce or
interpret the terms of this Agreement, the prevailing party shall be entitled to
reasonable  attorney's fees, costs. This Agreement shall be binding on and inure
to the benefit of the parties to it and their respective successors and assigns.

Executed on the day and year first above written.

Point Acquisition Corporation              Heritage Management Consultants, Inc.

By:/s/Timothy P. Halter                    By:/s/James H. Groh
   Timothy P. Halter, President            James H. Groh, President

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