Document:

AMENDMENT NO. 1 TO
                              AMENDED AND RESTATED
                              EMPLOYMENT AGREEMENT
                              --------------------

         AMENDMENT dated as of December 21, 2000, by and between Polo Ralph
Lauren Corporation, a Delaware corporation (the "Corporation"), and F. Lance
Isham (the "Executive").

         WHEREAS, the Corporation and the Executive are parties to an employment
agreement effective as of November 10, 1998, (the "Employment Agreement"); and

         WHEREAS, the Corporation and the Executive wish to amend the Employment
Agreement effective as of the date hereof in order to provide for the
modification of a certain provision of the agreement relating to the vesting of
the Executive's restricted stock;

         NOW, THEREFORE, intending to be bound the parties hereby agree as
follows with effect from the date first above written.

         1.       Subsection 4(e) of the Employment Agreement is hereby amended
by replacing the second sentence of such subsection with the following:

                           "The restricted shares will vest with respect to one
                  quarter (1/4) of the aggregate number of restricted shares so
                  granted on each of the second, third, fourth and fifth
                  anniversaries of the date of this Agreement subject to the
                  Executive's continued employment through each vesting date."

         2.       The Employment Agreement remains in full force and effect and
unmodified except as herein provided.

         3.       This Agreement may be executed in one or more counterparts,
each of which shall be deemed to be an original but all of which together will
constitute one and the same instrument.

<PAGE>

         IN WITNESS WHEREOF, each of the undersigned has executed this Agreement
as of the date first written above

                              POLO RALPH LAUREN CORPORATION

                              By:  /s/  Roger Farah
                                   --------------------------------------------

                                   /s/  F. Lance Isham
                              -------------------------------------------------
                              Executive:  F. Lance Isham

                                                                               2AMENDMENT NO. 1 TO
                          POLO RALPH LAUREN CORPORATION
                        RESTRICTED STOCK AWARD AGREEMENT
                        --------------------------------

         AMENDMENT dated as of December 21, 2000, by and between Polo Ralph
Lauren Corporation, a Delaware corporation (the "Corporation"), and F. Lance
Isham (the "Executive").

         WHEREAS, the Corporation and the Executive are parties to a restricted
stock award agreement effective as of March 17, 1999, (the "Restricted Stock
Award Agreement"); and

         WHEREAS, the Corporation and the Executive wish to amend the Restricted
Stock Award Agreement effective as of the date hereof in order to provide for
the modification of a certain provision of the agreement relating to the vesting
of the Executive's restricted stock;

         NOW, THEREFORE, intending to be bound the parties hereby agree as
follows with effect from the date first above written.

         1.       Subsection 2(a) of the Restricted Stock Award Agreement is
hereby replaced with the following:

                  "(a) Subject to the Participant's continued employment with
         the Company, the Restricted Shares shall vest and become nonforfeitable
         with respect to one quarter (1/4) of the Shares initially granted
         hereunder on each of (i) the second anniversary of November 10, 1998,
         being the effective date (the "Effective Date") of the Participant's
         Amended and Restated Employment Agreement with the Company (the
         "Employment Agreement"), (ii) the third anniversary of the Effective
         Date (iii) the fourth anniversary of the Effective Date, and (iii) the
         fifth anniversary of the Effective Date. Notwithstanding the foregoing,
         in the event the above vesting schedule results in the vesting of any
         fractional Shares, such fractional Shares shall not be deemed vested
         hereunder but shall vest and become nonforfeitable when such fractional
         Shares aggregate whole Shares."

         2.       The Restricted Stock Award Agreement remains in full force and
effect and unmodified except as herein provided.

         3.       This Agreement may be executed in one or more counterparts,
each of which shall be deemed to be an original but all of which together will
constitute one and the same instrument.

<PAGE>

         IN WITNESS WHEREOF, each of the undersigned has executed this Agreement
as of the date first written above

                              POLO RALPH LAUREN CORPORATION

                              By:  /s/  Roger Farah
                                   --------------------------------------------

                                   /s/  F. Lance Isham
                              -------------------------------------------------
                              Executive:  F. Lance Isham

                                                                               2<PAGE>   1
                                                                   EXHIBIT 10.56

January 19, 2001

                          Lease Cancellation Agreement

Verilink Corporation (as Successor to TxPort, Inc.) as Lessee and Industrial
Properties of the South as Lessor have a lease agreement dated June 1993, as
amended (the "Lease") in which Verilink's space on the top, third floor, and
first floor space expire as of February 28, 2001; but Verilink's lease on the
second floor space runs through March 31, 2002.

Lessee and Lessor hereby agree that the Lease is cancelled, terminated and no
longer in effect as of February 28, 2001 and that Lessee will surrender the
space empty in broom clean condition as of the same date.

Other business terms regarding this cancellation are covered in a separate
letter agreement of this same date.

/s/  Charlene B. Graham    1/19/01             /s/  C. W. Smith         1/19/01
--------------------------------------         --------------------------------
by:  Lessor                Date                by: Lessee               Date
     Industrial Properties of the South            Verilink Corporation
                                                   VP & Corporate Controller
<PAGE>   2

January 19, 2001

                 Business Terms of Lease Cancellation Agreement

Verilink agrees to pay Industrial Properties of the South rent on the second
floor for March, April, and May of 2001 in order to receive a cancellation of
rent due for the remaining ten (10) months of the lease. At $13,968.39 per
month, this is a savings of $139,683.90 to Verilink.

This consideration is necessary to recoup the discounted rate Verilink has had
for the past two (2) years of $6.40 rather than $6.90 for the longer term lease.

/s/  Charlene B. Graham       1/19/01
-------------------------------------
   Charlene B. Graham         date

                                        /s/  C. W. Smith                1/19/01
                                        ---------------------------------------
                                        by: Verilink Corporation         date
                                        VP & Corporate Controller<PAGE>   1
                                                                     EXHIBIT 4.1

                                     FORM OF
                                   PODS, INC.
                   SERIES A SUBORDINATED CONVERTIBLE DEBENTURE

$__________________                                        _______________, 2001

         FOR VALUE RECEIVED, PODS, INC., a Florida corporation (the "Company"
which term includes any successor corporation under the "Indenture" defined
below), for value received, hereby promises to pay to _________________ or
registered assigns, the principal sum of ______________ Dollars ($_____________)
(the "Principal Amount"), in twelve (12) equal quarterly installments in the
amount of __________________ Dollars ($_____________), plus interest as provided
for herein, commencing on July 15, 2007 and on the fifteenth day of each of the
next succeeding eleven (11) calendar quarters, unless sooner due and payable as
provided herein, including but not limited to payment as a result of a Holder
Payment Acceleration Notice or a Conversion Event. All then accrued but unpaid
interest shall be due and payable concurrently with each installment of the
Principal Amount.

         This Debenture is one of a duly authorized issue of Series A
Subordinated Convertible Debentures of the Company (herein called the
"Debentures") issued under an Indenture dated as of ________________, 2001
(herein called the "Indenture"), between the Company and First Union National
Bank, National Association, as Trustee (the "Trustee," which term includes any
successor Trustee under the Indenture), to which Indenture and all indentures
supplemental thereto reference is hereby made for a statement of the respective
rights thereunder of the Company, the Trustee and the holders of the Debentures,
and the terms upon which the Debentures are, and are to be, authenticated and
delivered. The Debentures are issuable only as registered Debentures without
coupons in denominations of $25,000 or greater that are in increments of $5,000.

         Capitalized terms which are defined in the Indenture shall have the
meanings assigned to them in the Indenture.

         1.       Interest. The then outstanding Principal Amount shall bear
interest at the rate of 12% per annum, calculated based upon a year of three
hundred sixty-five (365) days.

<PAGE>   2

         Interest only payments shall be due and paid quarterly, in arrears,
commencing on the fifteenth (15th) day of the first calendar quarter that
begins after the date hereof and continuing on the fifteenth day of each of the
following calendar quarters, until the Principal Amount has been paid in full.

         The interest so payable, and punctually paid or duly provided for, on
any interest payment date will, as provided in said Indenture, be paid to the
person in whose name this Debenture is registered at the close of business on
the record date for such interest, which shall be the last day (whether or not a
business day) of the calendar month next preceding such interest payment date.
At the option of the Company, interest so payable may be paid by check to the
order of said registered holder mailed to such holder's address appearing on the
Debenture register. Any such interest not so punctually paid or duly provided
for shall forthwith cease to be payable to the registered holder on such record
date, and may be paid to the person in whose name this Debenture is registered
at the close of business on a record date for the payment of such defaulted
interest to be fixed by the Trustee, notice whereof shall be given to holders of
Debentures not less than ten (10) days prior to such record date, or may be
paid, at any time in any other lawful manner, all as more fully provided in said
Indenture. Payment of the principal of and interest on this Debenture will be
made at the office or agency of the Company maintained for that purpose in such
coin or currency of the United States of America as at the time of payment is
legal tender for payment of public and private debts.

         No reference herein to the Indenture and no provision of this Debenture
or of the Indenture shall alter or impair the obligation of the Company, which
is absolute and unconditional,

                                       2
<PAGE>   3

to pay principal of and interest on this Debenture at the times, place, and rate
and in the coin or currency, herein prescribed.

         2.       Holder Payment Acceleration Right. Subject to the terms and
conditions of this Section 2, the registered holder may elect to require that
the Company prepay the unpaid Principal Amount in twelve (12) equal quarterly
installments (the "Holder Payment Acceleration Right"), commencing on July 15,
2006 and on the fifteenth day of each of the next succeeding eleven (11)
calendar quarters, unless sooner due and payable as provided herein, plus
interest at 12% per annum. All then accrued but unpaid interest shall be due and
payable concurrently with each installment of the Principal Amount.

         The registered holder shall notify the Company and the Trustee of its
exercise of the Holder Payment Acceleration Right by delivery of written notice
via certified mail, return receipt requested, addressed to and received by the
Company and the Trustee after December 31, 2005 and before April 1, 2006. Any
notice given in this manner will be effective when received by the Company.

         3.       Holder's Conversion Right. On a date that is at least thirty
(30) days prior to the date on which the Company is obligated to close on an
"Approved Sale" (as defined below) or an "IPO" (as defined below) (each a
"Conversion Event"), the Company shall deliver to each registered holder of a
Debenture with respect to which there has been no exercise of the applicable
Holder Payment Acceleration Right (each an "Eligible Debenture"), a written
notice (the "Company Conversion Election Notice") that describes the Conversion
Event. If this Debenture is an Eligible Debenture, the registered holder by
delivery to

                                       3
<PAGE>   4

the Company of written notice via certified mail, return receipt requested,
addressed to and received by the Company no later than fifteen (15) days after
the date of the Company Conversion Election Notice (the "Holder Conversion
Notice"), shall have the right and option to elect either (i) Conversion (as
defined below) or (ii) Installment Payments (as defined below).

         "Conversion" means that all or a portion of the Eligible Debenture, as
designated by the registered holder subject to the restrictions set forth
herein, shall be paid by the Company's delivery, on the applicable Exchange Date
(as defined below), of the number of fully paid and nonassessable shares of
common stock of the Company (the "Exchange Shares") that is determined by
dividing the principal amount of the portion of the Debenture that is to be
converted by the Conversion Price (as defined below). Provided, however, that if
the Conversion Event occurs on or before January, 15, 2003, the number of shares
to be paid by the Company upon conversion shall be determined by dividing one
hundred twenty percent (120%) of the principal amount of the portion of the
Debenture that is to be converted by the Conversion Price. Provided further,
that no fractional shares shall be issued upon conversion and amounts
attributable to fractional shares shall be paid in cash upon delivery of such
Exchange Shares; and provided further, that accrued but unpaid interest, if any,
shall be paid in full by the Company on the Exchange Date; and provided further,
that any conversion of a portion of the Eligible Debenture may be made only with
respect to a portion of the Eligible that has a face value of at least $25,000
or any multiple thereof or in denominations in excess of $25,000 that are in
increments of $5,000.

         "Installment Payments" means that the portion of the Eligible Debenture
with respect to which the registered holder does not elect or is not deemed to
elect Conversion, shall be paid in twelve (12) equal quarterly installments of
principal, commencing on the Exchange Date and on the fifteenth day of each of
the next succeeding eleven (11) calendar quarters, unless sooner due and payable
as provided herein, plus interest from the Exchange Date at the rate set forth
in Section 1; provided, that all then accrued but unpaid interest shall be due
and payable concurrently with each installment of the Principal Amount; and
provided further, that accrued but unpaid interest, if any, shall be paid in
full by the Company on the Exchange Date.

         If the registered holder does not timely deliver a Holder Conversion
Notice, then the registered holder shall be deemed to have not elected
Conversion as to the Eligible Debenture.

         On the applicable Exchange Date (as defined below) following the date
on which the Company closes on an "Approved Sale" (as

                                       4
<PAGE>   5

defined below) or an "IPO" (as defined below) (each a "Conversion Event") all
portions of Eligible Debentures with respect to which the registered holder
elects or is deemed to elect Conversion, shall be paid in the number of shares
of common stock of the Company that is calculated based upon the "IPO Exchange
Formula" or the "Sale Exchange Formula" (each as provided for below), whichever
is applicable, and otherwise in accordance with the Indenture:

         The portion of Debentures for which Conversion is elected and provided
for in accordance with the Indenture shall cease to bear interest from and after
the Exchange Date.

         The Exchange Shares may be subject to a lock-up period which may be
imposed on some or all of the shareholders of the Company by the underwriters in
connection with the IPO.

         For the purposes of this Debenture, the following terms shall have the
indicated meanings:

         "Conversion Price" means Five Dollars and 10/100 ($5.10), adjusted as
follows. Upon the happening of an Extraordinary Common Stock Event (as defined
below), the Conversion Price shall, simultaneously with the happening of such
Extraordinary Common Stock Event, be adjusted for such Extraordinary Common
Stock Event by multiplying such Conversion Price by a fraction, the numerator of
which shall be the number of shares of common stock of the Company that are
outstanding immediately prior to such Extraordinary Common Stock Event
(calculated on a fully-diluted basis assuming the exercise or conversion of all
then presently exercisable options, warrants, purchase rights or convertible
securities) and the denominator of which shall be the number of shares of common
stock of the Company that are outstanding immediately after such Extraordinary
Common Stock Event (calculated on a fully-diluted basis assuming the exercise or
conversion of all then presently exercisable options, warrants, purchase rights
or convertible securities). An "Extraordinary Common Stock Event" shall mean (i)
the issuance of additional shares of common stock of the Company as a dividend
or other distribution on outstanding shares of common stock of the Company, (ii)
a stock split or other subdivision of outstanding shares of common stock of the
Company into a greater number of shares of common stock, or (iii) a combination
or reverse stock split of outstanding shares of common stock of the Company into
a smaller number of shares of the common stock.

                                       5
<PAGE>   6

         Upon the occurrence of each adjustment or readjustment of the
Conversion Price pursuant to this Section 3, the Company at its expense shall
promptly compute such adjustment or readjustment in accordance with the terms
hereof and furnish to the holder of this Debenture a certificate setting forth
such adjustment or readjustment and showing in detail the facts upon which such
adjustment or readjustment is based.

         "Approved Sale" means the sale or disposition of all of the equity
interests in the Company or of all or substantially all of the Company's assets
and business to an independent third party in an arm's-length transaction
approved by the Board of Directors of the Company, with approval of the holders
of a majority of each class of stock of the Company that is entitled to vote
thereon, whether by sale of assets, merger, consolidation, share exchange,
recapitalization or other business combination or the sale and transfer and/or
the issuance and sale of securities representing all of the voting securities of
the Company.

         "IPO" means the closing of an underwritten public offering of Company
common stock for cash pursuant to an effective registration statement under the
Securities Act of 1933.

         "Exchange Date" means (i) with respect to an Approved Sale, the date of
the closing of the Approved Sale, or (ii) with respect to an IPO, the date of
the closing of the IPO.

         4.       Prepayment. The Company may prepay all or any part of the
amounts due pursuant to this Debenture, without penalty, on or after the
occurrence of the earlier of (i) July 15, 2007, (ii) an Exchange Date, or (iii)
April 1, 2006, if the holder of this Debenture exercised a Holder Payment
Acceleration Right. Any prepayment shall be in accordance with the Indenture.

         5.       Acceleration. If an Event of Default, as defined in the
Indenture, shall occur, the principal of all the Debentures may be declared due
and payable in the manner and with the effect provided in the Indenture.

         6.       Subordination. The indebtedness evidenced by this Debenture is
subordinated to the prior payment in full of all Senior Indebtedness, as
provided in the Indenture.

         7.       Limited Assignment; Registered. As provided in the Indenture
and subject to certain limitations therein set forth,

                                       6
<PAGE>   7

this Debenture is transferable on the register of the Company, upon surrender of
this Debenture for transfer at the office or agency of the Company in any place
where the principal hereof and interest hereon are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the
Company and the Debenture registrar, duly executed by the registered holder
hereof or his attorney duly authorized in writing, a copy of which authorization
shall be delivered with any such instrument of transfer, and thereupon one or
more new Debentures, of authorized denominations and for the same aggregate
principal amount, will be issued to the designated transferee or transferees. No
service charge will be made for any such transfer or exchange, but the Company
may require payment of a sum sufficient to cover any tax or other governmental
charge payable in connection therewith.

         The Company, the Trustee and any agent of the Company or the Trustee
may treat the person in whose name this Debenture is registered as the owner
hereof for the purpose of receiving payment as herein provided and for all other
purposes whether or not this Debenture be overdue, and neither the Company, the
Trustee nor any such agent shall be affected by notice to the contrary.

         8.       Amendment; Waiver. The Indenture permits, with certain
exceptions as therein provided, the amendment thereof and the modification of
the rights and obligations of the Company and the rights of the holders of the
Debentures under the Indenture at any time by the Company with the consent of
the holders of a majority in aggregate principal amount of the Debentures at the
time outstanding, as defined in the Indenture. The Indenture also contains
provisions permitting the holders of a majority in aggregate principal amount of
the Debentures at the time outstanding, as defined in the Indenture, on behalf
of the holders of all Debentures, to waive compliance by the Company with
certain provisions of the Indenture and certain past defaults under the
Indenture and their consequences. Any such consent or waiver by the holder of
this Debenture shall be conclusive and binding upon such holder and upon all
future holders of this Debenture and of any Debenture issued upon the transfer
hereof or in exchange herefor or in lieu hereof whether or not notation of such
consent or waiver is made upon this Debenture.

         9.       Construction. This Note shall be governed and construed in
accordance with the laws of the State of Florida.

                                       7
<PAGE>   8

The forum for any litigation instituted hereunder shall be Pinellas County,
Florida.

         10.      Authentication. Unless the certificate of authentication
hereon has been executed by the Trustee by manual signature, this Debenture
shall not be entitled to any benefit under the Indenture, or be valid or
obligatory for any purpose.

                                   PODS, INC.

                                   By:
                                       ---------------------------------
                                       Peter S. Warhurst,
                                       President

                     TRUSTEE'S CERTIFICATE OF AUTHENTICATION

         This is one of the Debentures referred to in the above referenced
Indenture.

Authentication Date:                          SIGNATURE BLANK FOR
                    -------------------       TRUSTEE

                                       8

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