Document:

Exhibit
10.1

AMENDMENT NO. 11
TO THIRD AMENDED

AND RESTATED GAMING MANAGEMENT AGREEMENT

This Amendment No.
11 to the Third Amended and Restated Gaming Management Agreement is made and
entered into as of April 14, 2007 at Concho, Oklahoma, by and between THE
CHEYENNE AND ARAPAHO TRIBES OF OKLAHOMA, a federally recognized Indian tribe
organized under Section 3 of the Act of June 26, 1936 (49 Stat. 1967) (referred
to in this Amendment No. 11 as the “Tribe”) and SOUTHWEST CASINO AND HOTEL
CORP., a Minnesota corporation with its principal place of business located in
Minneapolis, Minnesota (referred to in this Revised Amendment No. 11 as “Manager”).

WITNESSETH:

WHEREAS, the Tribe
and Manager are parties to the Third Amended and Restated Gaming Management
Agreement dated June 16, 1995 (the “Agreement”) for the operation of a Class II
gaming facility at the location described in the Agreement, which was amended
by Amendment No. 1 dated November 21, 1996 and subsequently withdrawn on
February 20, 1997, and further amended by Amendment No. 2 dated June 5, 1999,
Amendment No. 3 dated November 13, 2000, Amendment No. 6 dated July 10, 2003,
and Amendments No. 7 and No. 8 dated September 4, 2003; and

WHEREAS,
Amendments No. 4 and 5 were proposed but never adopted; and

WHEREAS, Amendment
No. 6 was adopted but, pursuant to a request of the National Indian Gaming
Commission, Amendment No. 6 was replaced by Amendment No. 7 with respect to the
Tribe’s Concho and Clinton, Oklahoma locations and by Amendment No. 8 with
respect to the Tribe’s proposed Canton, Oklahoma location; and

WHEREAS, Amendment
No. 8 was adopted but has not yet been approved by the National Indian Gaming
Commission (“NIGC”) and was withdrawn and replaced by Revised Amendment No. 10
which was proposed but not adopted; and

WHEREAS, Amendment
No. 9 was proposed but not adopted; and

WHEREAS, the Tribe
has entered into a new Gaming Management Agreement (the “New Management
Agreement”) with Manager but has not yet been approved by the NIGC; and

WHEREAS, the Tribe
desires that Manager continue to manage the Tribes’ casinos in accordance with
the terms of the Agreement, as amended by this Amendment No. 11 pending
approval of the New Management Agreement by the NIGC.

NOW, THEREFORE,
the Tribe and Manager agree as follows:

1.             All capitalized terms not otherwise
defined in this Amendment No. 11 have the definitions given in the Agreement.

2.             Section 2.4 of the Agreement is
amended by deleting the first sentence of Section 2.4 and replacing it with the
following:

2.4  Term of Agreement.   This
Agreement shall be for an initial term commencing on May 20, 1994 and ending
May 19, 2001, which term was extended for an additional three-year period
ending May 19, 2004, and again extended for an additional three-year period
ending May 19, 2007, and is further extended for an additional period
commencing May 19, 2007 and ending on the earlier to occur of (a) approval of
the New Management Agreement by the NIGC or (b) May 19, 2009.

5.             The
first sentence of Section 6.1 of the Agreement is amended by deleting the
current first sentence and replacing it with:

6.1  Management Fee.  In consideration of the performance of the
duties and obligations assumed by Manager under this Agreement, the Tribes
agree that Manager shall receive compensation equal to 10% of Total Net
Revenues (all Net Revenues plus all Non-Gaming Net Revenues) before payment of
management fees (the “Management Fee”). 
If Manager succeeds in increasing Total Net Revenues, which for this
purpose include Total Net Revenue from any other Facility managed by Manager
under this Agreement or any other management agreement between Manager and the
Tribes, above $28 million in any fiscal year, the Manager will earn an
additional Management Fee equal to an additional 15% of Total Net Revenue, but
only on Total Net Revenue in excess of $28 million from all Gaming Operations
of the Tribes managed by Manager.

6.             All
other terms and conditions of the Agreement, as amended, remain in full force
and effect.

Remainder
of page intentionally blank.

Acknowledgment and signatures on next page.

ACKNOWLEDGMENT

THE CHEYENNE AND ARAPAHO TRIBES OF OKLAHOMA, acting by
and through its delegated representative Ida Hoffman, and SOUTHWEST
CASINO AND HOTEL CORP., by its Chief Executive Officer, hereby agree to this
Amendment No. 11 to the Third Amended and Restated Gaming Management Agreement
by and between THE CHEYENNE AND ARAPAHO TRIBES OF OKLAHOMA and SOUTHWEST CASINO
AND HOTEL CORP. with an effective date as defined in Section 19.8 of the
Agreement.

IN WITNESS WHEREOF, we have set our hands this 14th
day of  April , 2007 at Concho,
Oklahoma.

	
  

  	
  CHEYENNE AND ARAPAHO

  
	
   

  	
  TRIBES OF
  OKLAHOMA

  
	
   

  	
  By and through
  its authorized representative

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
   

  
	
   

  	
  Its:

  	
   

  	
   

  

 

	
  ATTEST:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/

  	
   

  	
   

  

 

	
  

  	
  SOUTHWEST CASINO
  AND HOTEL CORP.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
   

  
	
   

  	
   

  	
  James B. Druck, Chief Executive Officer

  

 

	
  ATTEST:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/

  	
   

  	
   

  

 

Approval of Amendment No. 11 to the Third Amended and
Restated Gaming Management Agreement by and between the Cheyenne and Arapaho
Tribe of Oklahoma and Southwest Casino and Hotel Corporation by:

	
    /s/

  	
   

  
	
  Philip N. Hogen,
  Chairman

  
	
  National Indian
  Gaming Commission

  
	
  May 18, 2007Exhibit
10.1

SECOND AMENDED
AND RESTATED

EMPLOYMENT
AGREEMENT

This Second
Amended and Restated Employment Agreement (the “Agreement”) is made as of this 15th day of May, 2007 by and between Edward M.
Krell (the “Employee”), and Mothers Work, Inc. (the “Company”).

WHEREAS, the
Company and Employee are parties to an Amended and Restated Employment
Agreement, dated April 26, 2005 pursuant to which Employee serves as the
Executive Vice President—Chief Financial Officer of the Company (the “Existing
Employment Agreement”); and

WHEREAS, on the
terms and conditions set forth herein, the Company and Employee desire to amend
and restate the Existing Employment Agreement in its entirety.

THEREFORE, in
consideration of the mutual premises and promises contained in the Agreement,
the parties agree as follows:

1.             EMPLOYMENT,
TERM AND DUTIES.  The Company
will continue to employ Employee and Employee hereby accepts continued
employment with the Company, as Chief Operating Officer & Chief Financial
Officer (the “Position”) on the terms herein described for the period beginning
on the date hereof and continuing until terminated by either party.  During his employment by the Company, except
for reasonable vacations consistent with paragraph 6(C), absences due to
temporary illness or as otherwise provided below in paragraph 5, Employee shall
use his best efforts to serve the Company faithfully and shall devote his full
time, attention, skill and efforts to the performance of the duties required by
or appropriate for his Position. 
Employee agrees to assume such duties and responsibilities as may be
customarily incident to the Position and as may be reasonably assigned to him
from time to time by the Company’s Board of Directors (the “Board”), Chief
Executive Officer or President, consistent with the Company’s Bylaws and with
the level of responsibility appropriate to the Position.

2.            TERMINATION.

A.            Except as otherwise provided for herein,
the Employee’s employment is at will and may be terminated at any time for any
reason by the Employee or by the Company. 
Except in the event of termination of Employee by Company for Cause (as
defined below) or pursuant to paragraph 2(D) below, either party shall provide
the other with two weeks’ advance notice (or for Employee, such longer period
as provided for in the Team Member Handbook) prior to termination of
employment.  Company may elect to pay
Employee two weeks’ pay in lieu of such notice period.

B.             If Employee’s employment is terminated by
the Company without Cause or by Employee with Good Reason (as defined below):

(1)           the Company will make a
lump sum payment to Employee (less applicable deductions and withholdings),
within fifteen (15) days after the effective date of the event giving rise to
such payment, of a gross amount equal to (i) three times the

sum of (a) Employee’s then current Base Salary,
plus (b) Employee’s target Annual Bonus amount (as described below in paragraph
6(B)), plus (ii) any Annual Bonus earned but not previously paid with respect
to a year ended prior to the date of termination;

(2)           the Company will pay
Employee a pro-rata Annual Bonus for the year of termination, determined and
paid in the same manner and at the same time as his Annual Bonus would
otherwise have been determined and paid for the applicable year, but for the
termination.  Such Annual Bonus will be
pro-rated based on the number of full and partial months of the year transpired
prior to the date of termination;

(3)           notwithstanding the
terms of any present or future award agreements, all outstanding options, restricted
stock awards and restricted stock units then held by Employee will become fully
vested;

(4)           the
Company will continue to provide Employee the automobile and automobile
insurance described below in paragraph 6(D)(1) for a period of one year
following the date of such termination and the supplemental long term
disability insurance premiums described below in paragraph 6(D)(2) for a period
of three years following the date of such termination and transfer to Employee,
but not pay further premiums on, any key man term life insurance policy then
held on his life;

(5)           Employee
will receive, in lieu of continuation coverage under COBRA, continued coverage
(for himself and, to the extent covered immediately prior to the date of his
termination, his spouse and eligible dependents) under the Company’s group
health plan, as in effect from time to time (or, at the election of the
Company, under a mutually agreed upon and reasonably comparable insured individual
arrangement), until the earlier of (i) the end of the three year period
following such termination, or (ii) Employee’s (or, as applicable, his spouse’s
or eligible dependents’) eligibility for Medicare or coverage under another
employer’s group health plan (or, in the case of his eligible dependants,
cessation of their status as eligible dependants under the terms of the Company’s
group health plan); and

(6)           the Company will pay
for full outplacement services for Employee, such payment to be made to an
agency selected by Employee, based upon the customary fees charged by
nationally rated firms engaged in such services.

C.             If the Company
appoints a new Chief Executive Officer (other than Dan W. Matthias or Rebecca
C. Matthias) without Employee’s consent, Employee may resign his employment
hereunder within 90 days of such appointment.  Similarly, if the individual serving as the
Company’s Chief Executive Officer on April 1, 2010 is unacceptable to Employee,
in his sole discretion, Employee may resign his employment during the month of
April 2010.  In the event of a
resignation of employment pursuant to this paragraph 2.C: (i) Employee will be
entitled to receive all of the payments and/or benefits described in 2.B,
above, except, that with respect to the payment described in paragraph
2.B.1(i), the term “three times” will be replaced by the term “one and one half
times,” and with respect to the payments described in paragraphs 2.B.4 and
2.B.5, the term “three years” will be replaced by the term “eighteen months;”
and (ii)

 2
 

with respect to the post-termination
non-compete period described in paragraph 9.A, the term “36 months” will be
replaced by the term “18 months.”

D.            If Employee is unable,
after any reasonable accommodation required by law, to perform his duties and
responsibilities hereunder by reason of illness injury or incapacity for more
than six (6) consecutive months, Employee’s employment hereunder may then be
terminated by Company and, in that case:

(1)           for a period of 30
months following the date of such termination, the Company will make monthly
supplemental disability payments to Employee, each equal to 1/12 of Employee’s
Base Salary as of the date of his termination;

(2)           Employee
will receive, in lieu of continuation coverage under COBRA, continued coverage
(for himself and, to the extent covered immediately prior to the date of his
termination, his spouse and eligible dependents) under the Company’s group
health plan, as in effect from time to time (or, at the election of the
Company, under a mutually agreed upon and reasonably comparable insured individual
arrangement) until the earlier of (i) the end of the 30 month period following
such termination, or (ii) Employee’s (or, as applicable, his spouse’s or eligible
dependents’) eligibility for Medicare or coverage under another employer’s group
health plan (or, in the case of his eligible dependants, cessation of their
status as eligible dependants under the terms of the Company’s group health
plan);

(3)           the Company will
continue to provide Employee the automobile and automobile insurance described
below in paragraph 6(D)(1) for a period of one year following the date of such
termination and transfer to Employee, but not pay further premiums on, any key
man term life insurance policy then held on his life;

(4)           the Company will pay
Employee (i) a pro-rata Annual Bonus for the year of termination, determined
and paid in the same manner and at the same time as his Annual Bonus would
otherwise have been determined and paid for the applicable year, but for the
termination.  Such Annual Bonus will be
pro-rated based on the number of full and partial months of the year transpired
prior to the date of termination plus (ii) any Annual Bonus earned but not
previously paid with respect to a year ended prior to the date of termination;
and

(5)           notwithstanding the
terms of any present or future award agreements, all outstanding options,
restricted stock awards and restricted stock units then held by Employee will become
fully vested.

Amounts payable under
this paragraph 2(D) will be reduced by (x) any disability or life insurance
benefits payable with respect to the same period under any Company funded
disability or death benefit plan, policy or arrangement (including, without
limitation, any insurance purchased with the allowance described below in
paragraphs 6(D)(2) and 6(D)(3)) or under the Social Security Act, and (y) with
respect to the 30 month period described above, any amounts earned by Employee
during that period for the performance of personal services.  To the extent any insurance benefit described
in the preceding sentence is exempt from federal income tax,

 3
 

then for purposes of this
reduction, the amount of that insurance benefit will be deemed to be 150% of
the amount actually received by Employee.

E.             Termination by Death.  In the event that Employee dies during his
employment with the Company hereunder, the Company shall pay to Employee’s
executors, legal representatives or administrators an amount equal to the
accrued and unpaid portion of his Base Salary through the end of the month in
which he dies and any Annual Bonus otherwise payable with respect to a
completed fiscal year but not previously paid to Employee prior to the date of his
death.  In addition:

(1)           the
Company will pay to Employee’s executors, legal representatives or
administrators Employee’s pro-rata Annual Bonus for the year of termination,
determined and paid in the same manner and at the same time as his Annual Bonus
would otherwise have been determined and paid for the applicable year, but for his
death.  Such Annual Bonus will be
pro-rated based on the number of full and partial months of the year transpired
prior to the date of termination; and

(2)           notwithstanding
the terms of any present or future award agreements, all outstanding options,
restricted stock awards and restricted stock units then held by Employee will become
fully vested.

F.             In consideration of and as a condition to
receiving all the rights and benefits described in paragraphs 2(B), 2(C), 2(D) or
2(E) above, Employee (or, as applicable, the executors, legal representatives
or administrators of his estate) will be required to sign the Company’s employment
release agreement, substantially in the form attached hereto as Exhibit A.
 Rights and benefits described in the
aforesaid paragraphs are in lieu of, and not in addition to, any severance or
termination benefits provided under any other plan, policy, or arrangement of
the Company.

G.             For purposes of this
Agreement:

(1)           “Cause” shall include
fraud, theft, misconduct, negligence, or Employee’s unwillingness or refusal to
perform his job, but shall not include the inability of Employee to perform his
duties and responsibilities hereunder by reason of illness, injury or
incapacity.  For avoidance of doubt,
termination of Employee’s employment under circumstances entitling him to
payments under paragraph 2(D) will not be construed as a termination without
Cause.

(2)           “Good Reason” means any
of the following, without Employee’s prior consent: (i) a material, adverse
change in title (other than the Company’s appointment of a new Chief Financial
Officer), authority or duties (including the assignment of duties materially
inconsistent with the Employee’s position); (ii) a reduction in base salary or
bonus opportunity (described in paragraph 6); or (iii) a relocation of Employee’s
principal worksite more than 50 miles. 
However, none of the foregoing events or conditions will constitute Good
Reason unless the Employee provides the Company with written objection to the
event or condition within 90 days following the occurrence thereof, the Company
does not reverse or otherwise cure the

 4
 

event or condition within 30 days of
receiving that written objection, and the Employee resigns his employment
within 30 days following the expiration of that cure period.

H.            In addition, if Employee
resigns for any reason (other than a resignation in anticipation of a
termination for Cause) during the 18 month period immediately following any
Change in Control (as defined below), he will be entitled to the severance
benefits described above in paragraph 2(B)(subject to the execution of the
release agreement described in paragraph 2.F).

I.              Except as otherwise
specifically set forth in this Agreement, all salary, benefits and other
amounts payable by the Company to Employee shall cease at the time of any
cessation of his employment with the Company, subject to the terms of any
benefit or compensation plans then in force and applicable to Employee.

3.             TIMING OF
PAYMENTS FOLLOWING TERMINATION.  To
the extent compliance with the requirements of Treas. Reg. § 1.409A-3(i)(2) (or
any successor provision) is necessary to avoid the application of an additional
tax under Section 409A of the Code to payments due to Employee upon or
following his separation from service, then notwithstanding any other provision
of this Agreement (or any otherwise applicable plan, policy, agreement or
arrangement), any such payments that are otherwise due within six months
following Employee’s separation from service will be deferred (without
interest) and paid to  Employee in a lump
sum immediately following that six month period.  This provision shall not be construed as
preventing an amount of severance up to 2 times the lesser of (a) Employee’s
annualized compensation for the year prior to the year of termination or
resignation, as applicable, and (b) the maximum amount that may be taken into
account under a qualified plan pursuant to Section 401(a)(17) of the Code,
being paid to Employee in the first 6 months following his termination or
resignation, as applicable.

4.             CHANGE OF CONTROL.

A.             For purposes of this
Agreement, a Change of Control shall have occurred if any of the following
events shall occur: (1) the sale, transfer, assignment or other disposition
(including by merger or consolidation) by stockholders of the Company, in one
transaction or a series of related transactions, of more than thirty-five
percent (35%) of the voting power represented by the then outstanding stock of
the Company to one or more Persons (as defined below), other than any such
sales, transfers, assignments or other dispositions by such stockholders to
their respective Affiliates (as defined below); (2) the Company sells all or
substantially all of its assets to any other Person in any sale or series of
related sales (other than a transaction to which only the Company and one or
more of its subsidiaries are parties); or (3) any Person becomes a direct or
indirect beneficial owner of shares of stock of the Company representing the
aggregate of 35% or more of the votes then entitled to be cast at an election
of directors of the Company (unless a voting agreement remains in effect in
respect of greater then 51% of such shares).

B.             Employee hereby
agrees that if his employment with the Company ceases for any reason following
a Change of Control, then for a period of 6 months following the date of that
cessation of employment (the “Consulting Period”), the Employee will make
himself

 5
 

available to the management of the Company
for consultation with respect to strategic planning, corporate development and
other matters mutually determined by Employee and the Board. The Company will
cooperate with Employee to schedule the time and place for the performance of
such consulting services so as to permit Employee to fulfill this obligation
with minimal interruption of his other personal and professional obligations.
It is the mutual intent of the parties that during the Consulting Period,
Employee will act strictly in a professional consulting capacity and will not
be considered an employee of the Company. 
The services to be rendered by Employee during the Consulting Period are
additional consideration for the severance commitments described above in
paragraph 2(B) and, accordingly, Employee will not be entitled to any
additional compensation for the performance of those services.

C.             Parachute Tax Gross-Up.

(1)           Subject to paragraph 4(C)(2),
below, if the Total Payments would result in the imposition of a Parachute
Excise Tax on Employee, the Company will make an additional payment to Employee
in an amount such that, after the payment of all federal and state income,
employment and excise taxes on both the Total Payments and the additional
payment made pursuant to this paragraph 4(C)(1), Employee will be in the same
after-tax position as if no Parachute Excise Tax had been imposed.  In determining whether a Parachute Excise Tax
will be imposed upon Employee, the parties agree to take into account the value
of the restrictive covenants contained in paragraphs 9(A) and 9(B) and the
consulting services contained in paragraph 4(B), all as determined in good
faith by the Board, after consultation with the Company’s professional
advisors.

(2)           Notwithstanding any
other provision of this Agreement, no additional payment will be made to
Employee pursuant to paragraph 4(C)(1) and the Total Payments will instead be
reduced or limited to the Capped Amount, if:

(i)            Employee resigns his
employment during the 6 month period immediately following any Change in
Control and there is not otherwise Good Reason for that resignation; or

(ii)            the additional payment
described above in paragraph 4(C)(1) would not cause the Total After-Tax
Payments to exceed the Capped Amount (after reduction for all applicable taxes)
by more than 20%.

(3)           The determination of
whether and to what extent reductions or payments under this paragraph 4(C) are
required will be made in good faith by the Board, after consultation with the
Company’s professional advisors.  In the
event of any underpayment or overpayment to Employee (determined after the
application of this paragraph 4(C)), the amount of such underpayment or
overpayment will be immediately paid by the Company to Employee or refunded by
Employee to the Company, as the case may be, with interest at the applicable
federal rate specified in Section 7872(f)(2) of the Code.

 6
 

(4)           For purposes of this
Agreement:

(i)             “Affiliate” means,
with respect to any stockholder of the Company, (a) any Person directly or
indirectly controlling, controlled by or under common control with such
stockholder, or (b) any officer, director, or general partner of such
stockholder.

(ii)            “Capped Amount” means
the largest amount payable to Employee without causing the application of a
Parachute Excise Tax.

(iii)           “Code” means the
Internal Revenue Code of 1986, as amended, and all rules and regulations
promulgated thereunder.

(iv)           “Parachute
Excise Tax” means the federal excise tax levied on certain “excess parachute
payments” under Section 4999 of the Code or any successor provision.

(v)            “Person”
means an individual, partnership, corporation, joint venture, association,
trust, unincorporated association, other entity, association or group of
associated persons acting in concert (except that such term shall not include
employees of the Company, Dan W. Matthias and/or Rebecca C. Matthias).

(vi)           “Total
After-Tax Payments” means the total value of all “parachute payments” (as that
term is defined in Section 280G(b)(2) of the Code) made to or for the benefit
of Employee (whether made under this Agreement or otherwise), after reduction
for all applicable taxes (including, without limitation, the Parachute Excise
Tax).

(vii)          “Total
Payments” means the total of all “parachute payments” (as that term is defined
in Section 280G(b)(2) of the Code, but determined without regard to Section
280G(b)(2)(A)(ii)) made to or for the benefit of Employee, whether made under
this Agreement or otherwise.

5.             EXTENT OF SERVICES.  During his employment by the Company,
Employee will not, directly or indirectly, engage in any other business
activities or pursuits whatsoever, except: (i) activities in connection
with any charitable or civic activities, (ii) personal investments, (iii)
service as an executor, trustee or in other similar fiduciary capacity, or (iv)
other activities specifically authorized by the Compensation Committee of the
Board; provided, however, that any of the foregoing exceptions do
not: (x) interfere with Employee’s performance of responsibilities and
obligations pursuant to this Agreement, or (y) create a conflict of interest
with Employee’s responsibilities to the Company.  For avoidance of doubt, incidental use of
Company facilities (such as telephone or email systems) in furtherance of
activities authorized under this paragraph will not constitute an interference
with Employee’s obligations to the Company.

 7
 

6.             COMPENSATION
AND BENEFITS.

A.            The Company shall pay
to the Employee and the Employee agrees to accept from the Company, in full
payment for the Employee’s services hereunder, the annual base salary of $525,000
or as otherwise agreed to by the parties (the “Base Salary”).

B.             For each fiscal year
ending during Employee’s employment hereunder, Employee will be eligible to
earn an annual bonus (the “Annual Bonus”).

(1)           Employee’s
target Annual Bonus for the fiscal year ending September 30, 2007 will be 50%
of his Base Salary for that year.

(2)           Employee’s
target Annual Bonus for any fiscal year beginning after September 30, 2007 will
be 75% of his Base Salary for that year.

(3)           The
actual amount of any Annual Bonus payable under this Paragraph 6.B will be paid
in accordance with the Mothers Work, Inc. Management Incentive Plan, based on
the Company’s achievement in the applicable fiscal year of corporate and/or
individual performance goals approved by the Board or its Compensation
Committee.

C.             The Employee shall
also receive such benefits as are customarily provided by the Company to
employees as described in the Company’s Team Member Handbook and in the Company’s
benefit summary plan descriptions and plan documents, which are subject to
change from time to time, within the sole discretion of the Company and in
accordance with applicable law. 
Nonetheless, Employee will be entitled to four (4) weeks paid vacation
during each year of employment.  Vacation
days that remain unused at the end of any year will accrue or expire to the
extent provided by Company policy, as in effect from time to time.  If the Employee gives notice of termination
that is, from the last day of employment, less than the period provided for in
the Company’s Team Member Handbook, the Employee shall forfeit any accrued but
unpaid vacation otherwise payable to him upon such termination.

D.            In addition to the
benefits customarily provided to other employees of the Company, the Company
will:

(1)           provide
Employee with the use of an automobile comparable to that presently made
available to him, together with insurance coverage for the use of that
automobile commensurate with that presently provided;

(2)           reimburse
Employee for (or pay on Employee’s behalf) the reasonable costs of purchasing
supplemental long term disability insurance providing a disability benefit of $14,000
per month; and

(3)           reimburse
Employee for (or pay on Employee’s behalf) the reasonable costs of purchasing a
supplemental term life insurance policy providing a one million dollar
($1,000,000) death benefit.

 8
 

7.             CONFIDENTIAL INFORMATION.  Confidential Information means information
which the Company regards as confidential or proprietary and which the Employee
learns or develops during or related to their employment, including, but not
limited to, information relating to:

a.                                       the
Company’s products, suppliers, pricing, costs, sourcing, design, fabric and
distribution processes;

b.             the Company’s
marketing plans and projections;

c.                                       lists
of names and addresses of the Company’s employees, agents, factories and
suppliers;

d.             the methods of
importing and exporting used by the Company;

e.             manuals and
procedures created and/or used by the Company;

f.                                         trade
secrets or other information that is used in the Company’s business, and which
give the Company an opportunity to obtain an advantage over competitors who do
not know such trade secrets or how to use the same; and

g.                                      software
in various stages of development (source code, object code, documentation, flow
charts), specifications, models, data and customer information.

Employee
assigns to Company any rights Employee may have in any Confidential
Information. Employee shall not disclose any Confidential Information to any
third-party or use any Confidential Information for any purposes other than as
authorized by the Company.

8.             SURRENDER OF MATERIALS.    The Employee hereby agrees to deliver to
the Company promptly upon request or on the date of termination of the Employee’s
employment, all documents, copies thereof and other materials in the Employee’s
possession pertaining to the business of the Company and its customers,
including, but not limited to, Confidential Information (and each and every
copy, disk, abstract, summary or reproduction of the same made by or for the
Employee or acquired by the Employee), and thereafter to promptly return
documents and copies thereof and other material in the Employee’s possession.
The Employee will be responsible for the value of all Company or customer
property that is not timely returned. Employee authorizes the Company to deduct
the fair market value of such property from any monies owed to Employee.

9.             DISCLOSURE OF INFORMATION AND SOLICITATION OF
EMPLOYEES; NON-COMPETE; CONFIDENTIAL INFORMATION OF THIRD PARTIES.    The Employee acknowledges that the Company
has developed and maintains at great expense, a valuable supplier network,
supplier contacts, many of which are of longstanding, product designs, and
other information of the type described in paragraph 7 of this

 9
 

Agreement, and
that in order to pursue Employee’s employment gainfully under the Agreement,
Employee will be given Confidential Information concerning such suppliers and
products, including information concerning such suppliers’ purchasing
personnel, policies, requirements, and preferences, and such product’s design,
manufacture and marketing.

A.            Accordingly, the
Employee agrees that during the period of Employee’s employment and for thirty-six
(36) months (except as otherwise provided in paragraph 2.C, above) after
termination of employment with the Company by Employee or by Company, for any
reason, with or without Cause, the Employee will not directly or indirectly:

(1)            on
Employee’s behalf or on behalf of any other person or entity, perform any act
with respect to the design, manufacture, sale, attempted sale or promotion of
the sale of any Conflicting Product.

(2)            own,
manage, operate, finance, join, control, or participate in the ownership,
management, operation, financing or control of, or be connected as an officer,
director, employee, partner, principal, agent, representative, consultant or
otherwise with, or use or permit Employee’s name to be used in connection with:
(a) any entity offering for sale or contemplating offering for sale any
Conflicting Product, or (b) any entity contacted by, or the responsibility of,
the Employee or any person under the Employee’s supervision or direction,
including applicable agents and suppliers (or, with respect to the application
of this provision following Employee’s termination of employment, any entity
which during the twenty-four (24) month period prior to such termination was
contacted by, or the responsibility of, the Employee or any person under the
Employee’s supervision or direction, including applicable agents and
suppliers), or (c) a Competing Business, or (d) any entity which would require
by necessity use of Confidential Information.

Notwithstanding the provisions of
subparagraphs (1) and (2), Employee will not be deemed to violate this paragraph
9.A on any given date by virtue of his involvement with a Competing Business, if
sales of Conflicting Products by that business in the 12 month period preceding
that date do not exceed the lesser of (a) 5% of the gross revenues of that
business for that trailing 12 month period, or (y) $30 million.

The term “Conflicting Product” shall mean any product,
process or service which is the same as, similar to, or is in any manner
competitive with any Company product (which includes third-party products that
are distributed by Company), process, or service. Conflicting Products include,
but are not limited to, maternity and nursing apparel and related accessories.

The term “Competing Business” shall mean any business
or enterprise engaged in the design, manufacture, distribution or sale of any
maternity or nursing apparel or related accessories, or any other business
engaged in by the Company (or, with respect to the application of this
provision following any termination of Employee’s employment, any other
business engaged in by the Company at the

 10
 

time of Employee’s termination of employment) within:
(x) a state or commonwealth of the United States or the District of Columbia,
or (y) any foreign country in which the Company has engaged in business, or has
undertaken preparations to engage in business within the preceding year (or,
with respect to the application of this provision following any termination of
Employee’s employment, within the year preceding Employee’s termination of
employment).

B.             During the period of
Employee’s employment by the Company and for thirty-six (36) months thereafter
(the “Restricted Period”), the Employee will not induce, attempt to induce or
in any way assist any other person in inducing or attempting to induce any
employee or agent of the Company to terminate their relationship with the
Company. Further, during such period Employee will not directly or indirectly,
on Employee’s own behalf or on behalf of any other person or entity, employ or
solicit for employment any current or former Company employee or agent.

C.             If there is a breach
or threatened breach of any of the foregoing provisions of this section, or any
other obligation contained in this Agreement, the Company shall be entitled to
an injunction restraining the Employee from any such breach without the
necessity of proving actual damages, and the Employee waives the requirement of
posting a bond. Nothing herein, however, shall be construed as prohibiting the
Company from pursuing other remedies for such breach or threatened breach.

D.            Employee agrees not to
disclose to Company or use for its benefit any confidential information that
Employee may possess from any prior employers or other sources.

E.             Employee agrees to
disclose the existence and terms of this paragraph 9 to any enterprise for
which Employee performs services during the Restricted Period.

10.           OTHER CONDITIONS OF EMPLOYMENT.  The Employee shall be subject to other terms
and conditions of employment as set forth in the prevailing Company: a) Team
Member Handbook, b) commission, bonus or stock option programs and c) any other
Company policies or benefits, all of which shall be subject to interpretation
and change from time to time at the sole discretion of the Company.

11.           GOVERNING LAW AND RELATED MATTERS.    This Agreement shall be governed by and
construed and enforced in accordance with the laws of the Commonwealth of
Pennsylvania. Employee agrees that in the event of any violation of this
Agreement, or any other matter arising out of or relating to this Agreement, an
action may be removed to or commenced by Employer in any federal or state court
of competent jurisdiction in the Commonwealth of Pennsylvania. Employee hereby
waives, to the fullest extent permitted by law, any objection that Employee may
now or hereafter have to such jurisdiction or to the laying of the venue of any
such suit, action or proceeding brought in such a court and any claim that such
suit, action or proceeding has been brought in an inconvenient forum. Employee
agrees that effective service of process may be made upon Employee by mail to
any address Employee has provided to Company. In the event either party files
suit against the other for any reason, or in the event either party is
otherwise involved in litigation concerning this Agreement or the employment
relationship between the parties, and a court of competent jurisdiction finds
in favor of a party on

 11
 

any such matter,
the losing party shall reimburse the prevailing party its reasonable costs and
attorney’s fees incurred in connection with such suit.

The various parts of this
Agreement are intended to be severable. Should any part be rendered or declared
invalid be reason of any legislation or by a decree of a court of competent
jurisdiction, such part shall be deemed modified to the extent required by such
legislation or decree and the invalidation or modification of such part shall
not invalidate or modify the remaining parts hereof. Without limiting the
generality of the foregoing, if the scope of any covenant contained in this
Agreement is too broad to permit enforcement to its full extent, such covenant
shall be enforced to the maximum extent permitted by law. The Employee agrees
that such scope may be judicially modified accordingly.

12.           SUCCESSORS AND ASSIGNMENT.   The Company may assign its interest in
connection with this Agreement to any successor to all or substantially all of
its assets and business by means of liquidation, dissolution, merger,
consolidation, transfer of assets, or otherwise, provided that such successor
assumes in writing all of the obligations of the Company under this Agreement,
and further subject, however, to Employee’s right to terminate his employment
as provided in paragraph 2(H) hereof.

13.           ENTIRE AGREEMENT.    This Agreement represents the full and
complete understanding between the Company and the Employee with respect to the
subject matter hereof and supersedes all prior representations and
understandings, whether oral or written and, except as provided for herein,
shall not be modified except upon written amendment executed by Employee and an
officer of Company holding the position of Vice President or above.

14.           ACKNOWLEDGMENT.    Employee acknowledges that Employee was
provided with an unsigned copy of this Agreement in advance of continuing
employment and was accorded ample opportunity to read, ask questions, seek
clarification, and seek whatever counsel relative to the Agreement Employee
desired. Employee further acknowledges receipt of a signed copy of this
Agreement and that Employee has read and understands all of its terms and
conditions.

 12
 

IN WITNESS WHEREOF, the parties have executed this
instrument the day and year above and below written.

	
  MOTHERS WORK, INC.

  	
  EDWARD M. KRELL

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ Dan W. Matthias

  	
   

  	
  /s/ Edward M.
  Krell

  	
   

  
	
  Title:

  	
  Chief Executive Officer

  	
   

  	
   

  
	
   

  	
   

  
	
  Date: May 15,
  2007

  	
  Date: May 15, 2007

  
	
   

  	
   

  
	
   

  	
   

  
	
  Executed At:
  Philadelphia, PA

  	
   

  
							

 

 13
 

Exhibit A

SEPARATION AND RELEASE AGREEMENT

THIS SEPARATION AND RELEASE AGREEMENT (this “Release”) is made by and between EDWARD M. KRELL (“Employee”) and MOTHERS WORK, INC. (the “Company”).

WHEREAS, Employee’s employment by the Company has
terminated; and

WHEREAS, pursuant to paragraph 2([_]) of the
Second Amended and Restated Employment Agreement by and between the Company and
Employee dated May 15, 2007 (the “Agreement”),
the Company has agreed to pay Employee certain amounts and to provide him with
certain rights and benefits, subject to the execution of this Release.

NOW THEREFORE, in consideration of these premises and
the mutual promises contained herein, and intending to be legally bound hereby,
the parties agree as follows:

1.             Resignation and Consideration.

1.1.          Effective immediately, Employee hereby resigns as an
officer of the Company and each of its subsidiaries and affiliates.

1.2.          Employee acknowledges that: (i) the payments,
rights and benefits set forth in paragraph 2([_]) of the Agreement
constitute full settlement of all his rights under the Agreement, (ii) he
has no entitlement under any other severance or similar arrangement maintained
by the Company, and (iii) except as otherwise provided specifically in
this Release, the Company does not and will not have any other liability or
obligation to Employee.  Employee further
acknowledges that, in the absence of his execution of this Release, the
benefits and payments specified in paragraph 2([_]) of the Agreement
would not otherwise be due to him.

2.             Employee’s Release.

2.1.          Employee hereby fully and forever releases and
discharges the Company, its parent and subsidiary corporations and each of
their predecessors, successors, assigns, stockholders, affiliates, officers,
directors, trustees, employees, agents and attorneys, past and present (the
Company and each such person or entity is referred to as a “Released Person”) from any and all claims,
demands, liens, agreements, contracts, covenants, actions, suits, causes of
action, obligations, controversies, debts, costs, expenses, damages, judgments,
orders and liabilities, of whatever kind or nature, direct or indirect, in law,
equity or otherwise, whether known or unknown, arising through the date of this
Release out of Employee’s employment by the Company or the termination thereof,
including, but not limited to, any claims for relief or causes of action under
the Age Discrimination in Employment Act, 29 U.S.C. § 621 et seq.,
or any other federal, state or local statute, ordinance or regulation regarding
discrimination in employment and any claims, demands or actions based upon
alleged wrongful or retaliatory discharge or breach of contract under any state
or federal law.

 14
 

2.2.          Employee expressly represents that he has not filed
a lawsuit or initiated any other administrative proceeding against a Released
Person and that he has not assigned any claim against a Released Person.  Employee further promises not to initiate a lawsuit
or to bring any other claim against the other arising out of or in any way
related to Employee’s employment by the Company or the termination of that
employment.  This Release will not
prevent Employee from filing a charge with the Equal Employment Opportunity
Commission (or similar state agency) or participating in any investigation
conducted by the Equal Employment Opportunity Commission (or similar state
agency); provided, however, that any claims by
Employee for personal relief in connection with such a charge or investigation
(such as reinstatement or monetary damages) would be barred.

2.3.          The foregoing will not be deemed to release the
Company from (a) claims solely to enforce paragraph 2([  ]) of the Agreement, (b) claims for
benefits (not including severance benefits) under the Company’s employee
welfare benefit plans and employee pension benefit plans, subject to the terms
and conditions of those plans, or (c) claims for indemnification under the
Company’s By-Laws.

3.             Company Release.

3.1.          The Company hereby fully and forever
releases and discharges the Employee and his executors, administrators and
heirs from any and all claims, demands, liens, agreements, contracts,
covenants, actions, suits, causes of action, obligations, controversies, debts,
costs, expenses, damages, judgments, orders and liabilities, of whatever kind
or nature, direct or indirect, in law, equity or otherwise, whether known or
unknown, arising through the date of this Release out of Employee’s service to
the Company or the termination thereof.

3.2.          The Company expressly represents that it
has not filed a lawsuit or initiated any other administrative proceeding
against Employee and that it has not assigned any claim against Employee.  The Company further promises not to initiate
a lawsuit or to bring any other claim against Employee arising out of or in any
way related to Employee’s service to the Company or the termination thereof.

3.3.          The foregoing will not be deemed to
release Employee from claims (a) to enforce paragraph 9 of the
Agreement, (b) claims arising from acts or omissions by Employee that would
constitute a crime, or (c) claims that are not known to any member of the
Company’s Board of Directors (provided that a claim will be deemed known if the
basis for each material element of the claim could have been ascertained by the
Board of Directors prior to the date hereof upon reasonable inquiry).

4.             Restrictive  Covenants.  Employee acknowledges that
restrictive covenants contained in paragraph 9 of the Agreement will
survive the termination of his employment. 
Employee affirms that those restrictive covenants are reasonable and
necessary to protect the legitimate interests of the Company, that he received
adequate consideration in exchange for agreeing to those restrictions and that
he will abide by those restrictions.

5.             Non-Disparagement. 
Employee will not disparage any Released Person or otherwise take any
action which could reasonably be expected to adversely affect the personal or

 15
 

professional
reputation of any Released Person. 
Similarly, the Company (meaning, solely for this purpose, the executive
officers and directors of the Company and other persons authorized to make
official communications on behalf of the Company) will not disparage Employee
or otherwise take any action which could reasonably be expected to adversely
affect the personal or professional reputation of Employee.  Notwithstanding the foregoing, in no event
will any legally required disclosure or action be deemed to violate this
paragraph, regardless of the content of such disclosure or the nature of such
action.

6.             Cooperation.  Employee further agrees that,
subject to reimbursement of his reasonable expenses, he will cooperate fully
with the Company and its counsel with respect to any matter (including
litigation, investigations, or governmental proceedings) in which Employee was
in any way involved during his employment with the Company.  Employee will render such cooperation in a
timely manner on reasonable notice from the Company, provided that the Company
will attempt to limit the need for Employee’s cooperation under this paragraph
so as not to unduly interfere with his other personal and professional
commitments.

7.             Notice. Any notice or communication required or permitted
under this Agreement shall be made in writing and sent by certified or
registered mail, return receipt requested, addressed as follows:

If to Employee:

Edward M. Krell

16 Manor House Court

Cherry Hill, NJ 
08003

If to Company:

Mothers Work, Inc.

456 North Fifth Street

Philadelphia, PA 19123

Attn: General Counsel

or to such other address as either party may from time
to time duly specify by notice given to the other party in the manner specified
above.

8.             Rescission Right.  Employee expressly acknowledges and recites that (a) he has read
and understands the terms of this Release in its entirety, (b) he has
entered into this Release knowingly and voluntarily, without any duress or
coercion; (c) he has been advised orally and is hereby advised in writing
to consult with an attorney with respect to this Release before signing it;
(d) he was provided 21 calendar days after receipt of the Release to
consider its terms before signing it; and (e) he is provided 7 calendar
days from the date of signing to terminate and revoke this Release, in which
case this Release shall be unenforceable, null and void.  Employee may revoke this Release during those
7 days by providing written notice of revocation to the Company at the address
specified in Section 7 herein.

 16
 

9.             Challenge.  If Employee violates or challenges
the enforceability of this Release, no further payments, rights or benefits
under paragraph 2([_]) of the Agreement will be due to Employee.

10.           Miscellaneous.

10.1.        No Admission of Liability. 
This Release is not to be construed as an admission of any violation of
any federal, state or local statute, ordinance or regulation or of any duty
owed by the Company to Employee.  There
have been no such violations, and the Company specifically denies any such
violations.

10.2.        Severability.  Whenever
possible, each provision of this Release will be interpreted in such manner as
to be effective and valid under applicable law. 
However, if any provision of this Release is held to be invalid, illegal
or unenforceable in any respect, such invalidity, illegality or
unenforceability will not affect any other provision, and this Release will be
reformed, construed and enforced as though the invalid, illegal or
unenforceable provision had never been herein contained.

10.3.        Entire Agreement; Amendments. 
Except as otherwise provided herein, this Release contains the entire
agreement and understanding of the parties hereto relating to the subject
matter hereof, and merges and supersedes all prior and contemporaneous
discussions, agreements and understandings of every nature relating to the
subject matter hereof.  This Release may
not be changed or modified, except by an agreement in writing signed by each of
the parties hereto.

10.4.        Governing Law.  This Release
shall be governed by, and enforced in accordance with, the laws of the State of
Delaware, without regard to the application of the principles of conflicts of
laws.

10.5.        Counterparts and Facsimiles. 
This Release may be executed, including execution by facsimile
signature, in multiple counterparts, each of which shall be deemed an original,
and all of which together shall be deemed to be one and the same instrument.

[Signature page follows.]

 17
 

IN WITNESS WHEREOF, the Company has caused this
Release to be executed by its duly authorized officer, and Employee has
executed this Release, in each case on the date indicated below, respectively.

	
   

  	
  MOTHERS WORK, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name &
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  EDWARD
  M. KRELL

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Date:

  	
   

  	
   

  
						

 

 18

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}]]