Document:

EXHIBIT 10.9

                               SUBSIDIARY GUARANTY

New York, New York                                               August 31, 2004

      FOR VALUE RECEIVED, and in consideration of note purchases from, loans
made or to be made or credit otherwise extended or to be extended by Laurus
Master Fund, Ltd. ("Laurus") to or for the account of Trinity Learning
Corporation, a Utah corporation ("Debtor"), from time to time and at any time
and for other good and valuable consideration and to induce Laurus, in its
discretion, to purchase such notes, make such loans or extensions of credit and
to make or grant such renewals, extensions, releases of collateral or
relinquishments of legal rights as Laurus may deem advisable, each of the
undersigned (and each of them if more than one, the liability under this
Guaranty being joint and several) (jointly and severally referred to as
"Guarantors " or "the undersigned") unconditionally guaranties to Laurus, its
successors, endorsees and assigns the prompt payment when due (whether by
acceleration or otherwise) of all present and future obligations and liabilities
of any and all kinds of Debtor to Laurus and of all instruments of any nature
evidencing or relating to any such obligations and liabilities upon which Debtor
or one or more parties and Debtor is or may become liable to Laurus, whether
incurred by Debtor as maker, endorser, drawer, acceptor, guarantors ,
accommodation party or otherwise, and whether due or to become due, secured or
unsecured, absolute or contingent, joint or several, and however or whenever
acquired by Laurus, whether arising under, out of, or in connection with (i)
that certain Securities Purchase Agreement dated as of the date hereof by and
between the Debtor and Laurus (the "Securities Purchase Agreement") and (ii)
each Related Agreement referred to in the Securities Purchase Agreement (the
Securities Purchase Agreement and each Related Agreement, as each may be
amended, modified, restated or supplemented from time to time, are collectively
referred to herein as the "Documents"), or any documents, instruments or
agreements relating to or executed in connection with the Documents or any
documents, instruments or agreements referred to therein or otherwise, or any
other indebtedness, obligations or liabilities of the Debtor to Laurus, whether
now existing or hereafter arising, direct or indirect, liquidated or
unliquidated, absolute or contingent, due or not due and whether under, pursuant
to or evidenced by a note, agreement, guaranty, instrument or otherwise (all of
which are herein collectively referred to as the "Obligations"), and
irrespective of the genuineness, validity, regularity or enforceability of such
Obligations, or of any instrument evidencing any of the Obligations or of any
collateral therefor or of the existence or extent of such collateral, and
irrespective of the allowability, allowance or disallowance of any or all of the
Obligations in any case commenced by or against Debtor under Title 11, United
States Code, including, without limitation, obligations or indebtedness of
Debtor for post-petition interest, fees, costs and charges that would have
accrued or been added to the Obligations but for the commencement of such case.
Terms not otherwise defined herein shall have the meaning assigned such terms in
the Securities Purchase Agreement. In furtherance of the foregoing, the
undersigned hereby agrees as follows:

      1. No Impairment. Laurus may at any time and from time to time, either
before or after the maturity thereof, without notice to or further consent of
the undersigned, extend the time of payment of, exchange or surrender any
collateral for, renew or extend any of the Obligations or increase or decrease
the interest rate thereon, or any other agreement with Debtor or with any other
party to or person liable on any of the Obligations, or interested therein, for
the extension, renewal, payment, compromise, discharge or release thereof, in
whole or in part, or for any modification of the terms thereof or of any
agreement between Laurus and Debtor or any such other party or person, or make
any election of rights Laurus may deem desirable under the

<PAGE>

United States Bankruptcy Code, as amended, or any other federal or state
bankruptcy, reorganization, moratorium or insolvency law relating to or
affecting the enforcement of creditors' rights generally (any of the foregoing,
an "Insolvency Law") without in any way impairing or affecting this Guaranty.
This instrument shall be effective regardless of the subsequent incorporation,
merger or consolidation of Debtor, or any change in the composition, nature,
personnel or location of Debtor and shall extend to any successor entity to
Debtor, including a debtor in possession or the like under any Insolvency Law.

      2. Guaranty Absolute. Subject to Section 5(c), each of the undersigned
jointly and severally guarantees that the Obligations will be paid strictly in
accordance with the terms of the Documents and/or any other document, instrument
or agreement creating or evidencing the Obligations, regardless of any law,
regulation or order now or hereafter in effect in any jurisdiction affecting any
of such terms or the rights of Debtor with respect thereto. Guarantors hereby
knowingly accept the full range of risk encompassed within a contract of
"continuing guaranty" which risk includes the possibility that Debtor will
contract additional indebtedness for which Guarantors may be liable hereunder
after Debtor's financial condition or ability to pay its lawful debts when they
fall due has deteriorated, whether or not Debtor has properly authorized
incurring such additional indebtedness. The undersigned acknowledge that (i) no
oral representations, including any representations to extend credit or provide
other financial accommodations to Debtor, have been made by Laurus to induce the
undersigned to enter into this Guaranty and (ii) any extension of credit to the
Debtor shall be governed solely by the provisions of the Documents. The
liability of each of the undersigned under this Guaranty shall be absolute and
unconditional, in accordance with its terms, and shall remain in full force and
effect without regard to, and shall not be released, suspended, discharged,
terminated or otherwise affected by, any circumstance or occurrence whatsoever,
including, without limitation: (a) any waiver, indulgence, renewal, extension,
amendment or modification of or addition, consent or supplement to or deletion
from or any other action or inaction under or in respect of the Documents or any
other instruments or agreements relating to the Obligations or any assignment or
transfer of any thereof, (b) any lack of validity or enforceability of any
Document or other documents, instruments or agreements relating to the
Obligations or any assignment or transfer of any thereof, (c) any furnishing of
any additional security to Laurus or its assignees or any acceptance thereof or
any release of any security by Laurus or its assignees, (d) any limitation on
any party's liability or obligation under the Documents or any other documents,
instruments or agreements relating to the Obligations or any assignment or
transfer of any thereof or any invalidity or unenforceability, in whole or in
part, of any such document, instrument or agreement or any term thereof, (e) any
bankruptcy, insolvency, reorganization, composition, adjustment, dissolution,
liquidation or other like proceeding relating to Debtor, or any action taken
with respect to this Guaranty by any trustee or receiver, or by any court, in
any such proceeding, whether or not the undersigned shall have notice or
knowledge of any of the foregoing, (f) any exchange, release or nonperfection of
any collateral, or any release, or amendment or waiver of or consent to
departure from any guaranty or security, for all or any of the Obligations or
(g) any other circumstance which might otherwise constitute a defense available
to, or a discharge of, the undersigned. Any amounts due from the undersigned to
Laurus shall bear interest until such amounts are paid in full at the highest
rate then applicable to the Obligations. Obligations include post-petition
interest whether or not allowed or allowable.

                                       2
<PAGE>

      3. Waivers.

            (a) This Guaranty is a guaranty of payment and not of collection.
      Laurus shall be under no obligation to institute suit, exercise rights or
      remedies or take any other action against Debtor or any other person
      liable with respect to any of the Obligations or resort to any collateral
      security held by it to secure any of the Obligations as a condition
      precedent to the undersigned being obligated to perform as agreed herein
      and each of the Guarantors hereby waives any and all rights which it may
      have by statute or otherwise which would require Laurus to do any of the
      foregoing. Each of the Guarantors further consents and agrees that Laurus
      shall be under no obligation to marshal any assets in favor of Guarantors,
      or against or in payment of any or all of the Obligations. The undersigned
      hereby waives all suretyship defenses and any rights to interpose any
      defense, counterclaim or offset of any nature and description which the
      undersigned may have or which may exist between and among Laurus, Debtor
      and/or the undersigned with respect to the undersigned's obligations under
      this Guaranty, or which Debtor may assert on the underlying debt,
      including but not limited to failure of consideration, breach of warranty,
      fraud, payment (other than cash payment in full of the Obligations),
      statute of frauds, bankruptcy, infancy, statute of limitations, accord and
      satisfaction, and usury.

            (b) Each of the undersigned further waives (i) notice of the
      acceptance of this Guaranty, of the making of any such loans or extensions
      of credit, and of all notices and demands of any kind to which the
      undersigned may be entitled, including, without limitation, notice of
      adverse change in Debtor's financial condition or of any other fact which
      might materially increase the risk of the undersigned and (ii) presentment
      to or demand of payment from anyone whomsoever liable upon any of the
      Obligations, protest, notices of presentment, non-payment or protest and
      notice of any sale of collateral security or any default of any sort.

            (c) Notwithstanding any payment or payments made by the undersigned
      hereunder, or any setoff or application of funds of the undersigned by
      Laurus, the undersigned shall not be entitled to be subrogated to any of
      the rights of Laurus against Debtor or against any collateral or guarantee
      or right of offset held by Laurus for the payment of the Obligations, nor
      shall the undersigned seek or be entitled to seek any contribution or
      reimbursement from Debtor in respect of payments made by the undersigned
      hereunder, until all amounts owing to Laurus by Debtor on account of the
      Obligations are paid in full and Laurus' obligation to extend credit
      pursuant to the Documents have been terminated. If, notwithstanding the
      foregoing, any amount shall be paid to the undersigned on account of such
      subrogation rights at any time when all of the Obligations shall not have
      been paid in full and Laurus' obligation to extend credit pursuant to the
      Documents shall not have been terminated, such amount shall be held by the
      undersigned in trust for Laurus, segregated from other funds of the
      undersigned, and shall forthwith upon, and in any event within two (2)
      business days of, receipt by the undersigned, be turned over to Laurus in
      the exact form received by the undersigned (duly endorsed by the
      undersigned to Laurus, if required), to be applied against the
      Obligations, whether matured or unmatured, in such order as Laurus may
      determine, subject to the provisions of the Documents. Any and all present
      and future debts and obligations of Debtor to any of the undersigned are
      hereby waived and postponed in favor of, and subordinated to the full
      payment and performance of, all present and future debts and Obligations
      of Debtor to Laurus.

                                       3
<PAGE>

      4. Security. All sums at any time to the credit of the undersigned and any
property of the undersigned in Laurus' possession or in the possession of any
bank, financial institution or other entity that directly or indirectly, through
one or more intermediaries, controls or is controlled by, or is under common
control with, Laurus (each such entity, an "Affiliate") shall be deemed held by
Laurus or such Affiliate, as the case may be, as security for any and all of the
undersigned's obligations to Laurus and to any Affiliate of Laurus, no matter
how or when arising and whether under this or any other instrument, agreement or
otherwise.

      5. Representations and Warranties. Each of the undersigned respectively,
hereby jointly and severally represents and warrants (all of which
representations and warranties shall survive until all Obligations are
indefeasibly satisfied in full and the Documents have been irrevocably
terminated), that:

            (a) Corporate Status. It is a corporation, partnership or limited
      liability company, as the case may be, duly organized, validly existing
      and in good standing under the laws of its jurisdiction of organization
      indicated on the signature page hereof and has full power, authority and
      legal right to own its property and assets and to transact the business in
      which it is engaged.

            (b) Authority and Execution. It has full power, authority and legal
      right to execute and deliver, and to perform its obligations under, this
      Guaranty and has taken all necessary corporate, partnership or limited
      liability company, as the case may be, action to authorize the execution,
      delivery and performance of this Guaranty.

            (c) Legal, Valid and Binding Character. This Guaranty constitutes
      its legal, valid and binding obligation enforceable in accordance with its
      terms, except as enforceability may be limited by applicable bankruptcy,
      insolvency, reorganization, moratorium or other laws of general
      application affecting the enforcement of creditor's rights and general
      principles of equity that restrict the availability of equitable or legal
      remedies.

            (d) Violations. The execution, delivery and performance of this
      Guaranty will not violate any requirement of law applicable to it or any
      contract, agreement or instrument to it is a party or by which it or any
      of its property is bound or result in the creation or imposition of any
      mortgage, lien or other encumbrance other than to Laurus on any of its
      property or assets pursuant to the provisions of any of the foregoing,
      which, in any of the foregoing cases, could reasonably be expected to
      have, either individually or in the aggregate, a Material Adverse Effect.

            (e) Consents or Approvals. No consent of any other person or entity
      (including, without limitation, any creditor of the undersigned) and no
      consent, license, permit, approval or authorization of, exemption by,
      notice or report to, or registration, filing or declaration with, any
      governmental authority is required in connection with the execution,
      delivery, performance, validity or enforceability of this Guaranty by it,
      except to the extent that the failure to obtain any of the foregoing could
      not reasonably be expected to have, either individually or in the
      aggregate, a Material Adverse Effect.

            (f) Litigation. No litigation, arbitration, investigation or
      administrative proceeding of or before any court, arbitrator or
      governmental authority, bureau or agency is currently pending or, to the
      best of its knowledge, threatened (i) with respect to this

                                       4
<PAGE>

      Guaranty or any of the transactions contemplated by this Guaranty or (ii)
      against or affecting it, or any of its property or assets, which, in each
      of the foregoing cases, if adversely determined, could reasonably be
      expected to have a Material Adverse Effect.

            (g) Financial Benefit. It has derived or expects to derive a
      financial or other advantage from each and every loan, advance or
      extension of credit made under the Documents or other Obligation incurred
      by the Debtor to Laurus.

      6. Acceleration.

            (a) If any breach of any covenant or condition or other event of
      default shall occur and be continuing under any agreement made by Debtor
      or any of the undersigned to Laurus, or either Debtor or any of the
      undersigned should at any time become insolvent, or make a general
      assignment, or if a proceeding in or under any Insolvency Law shall be
      filed or commenced by, or in respect of, any of the undersigned, or if a
      notice of any lien, levy, or assessment is filed of record with respect to
      any assets of any of the undersigned by the United States of America or
      any department, agency, or instrumentality thereof, or if any taxes or
      debts owing at any time or times hereafter to any one of them becomes a
      lien or encumbrance upon any assets of the undersigned in Laurus'
      possession, or otherwise, any and all Obligations shall for purposes
      hereof, at Laurus' option, be deemed due and payable without notice
      notwithstanding that any such Obligation is not then due and payable by
      Debtor.

            (b) Each of the undersigned will promptly notify Laurus of any
      default by such undersigned in its respective performance or observance of
      any term or condition of any agreement to which the undersigned is a party
      if the effect of such default is to cause, or permit the holder of any
      obligation under such agreement to cause, such obligation to become due
      prior to its stated maturity and, if such an event occurs, Laurus shall
      have the right to accelerate such undersigned's obligations hereunder.

      7. Payments from Guarantors. Laurus, in its sole and absolute discretion,
with or without notice to the undersigned, may apply on account of the
Obligations any payment from the undersigned or any other guarantors, or amounts
realized from any security for the Obligations, or may deposit any and all such
amounts realized in a non-interest bearing cash collateral deposit account to be
maintained as security for the Obligations.

      8. Costs. The undersigned shall pay on demand, all costs, fees and
expenses (including expenses for legal services of every kind) relating or
incidental to the enforcement or protection of the rights of Laurus hereunder or
under any of the Obligations.

      9. No Termination. This is a continuing irrevocable guaranty and shall
remain in full force and effect and be binding upon the undersigned, and each of
the undersigned's successors and assigns, until all of the Obligations have been
paid in full and Laurus' obligation to extend credit pursuant to the Documents
has been irrevocably terminated. If any of the present or future Obligations are
guarantied by persons, partnerships or corporations in addition to the
undersigned, the death, release or discharge in whole or in part or the
bankruptcy, merger, consolidation, incorporation, liquidation or dissolution of
one or more of them shall not discharge or affect the liabilities of any
undersigned under this Guaranty.

                                       5
<PAGE>

      10. Recapture. Anything in this Guaranty to the contrary notwithstanding,
if Laurus receives any payment or payments on account of the liabilities
guaranteed hereby, which payment or payments or any part thereof are
subsequently invalidated, declared to be fraudulent or preferential, set aside
and/or required to be repaid to a trustee, receiver, or any other party under
any Insolvency Law, common law or equitable doctrine, then to the extent of any
sum not finally retained by Laurus, the undersigned's obligations to Laurus
shall be reinstated and this Guaranty shall remain in full force and effect (or
be reinstated) until payment shall have been made to Laurus, which payment shall
be due on demand.

      11. Books and Records. The books and records of Laurus showing the account
between Laurus and Debtor shall be admissible in evidence in any action or
proceeding, shall be binding upon the undersigned for the purpose of
establishing the items therein set forth and shall constitute prima facie proof
thereof.

      12. No Waiver. No failure on the part of Laurus to exercise, and no delay
in exercising, any right, remedy or power hereunder shall operate as a waiver
thereof, nor shall any single or partial exercise by Laurus of any right, remedy
or power hereunder preclude any other or future exercise of any other legal
right, remedy or power. Each and every right, remedy and power hereby granted to
Laurus or allowed it by law or other agreement shall be cumulative and not
exclusive of any other, and may be exercised by Laurus at any time and from time
to time.

      13. Waiver of Jury Trial. EACH OF THE UNDERSIGNED DOES HEREBY KNOWINGLY,
VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT TO TRIAL BY JURY IN ANY ACTION OR
PROCEEDING BASED ON OR WITH RESPECT TO THIS GUARANTY OR ANY OF THE TRANSACTIONS
CONTEMPLATED HEREBY OR RELATING OR INCIDENTAL HERETO. THE UNDERSIGNED DOES
HEREBY CERTIFY THAT NO REPRESENTATIVE OR AGENT OF LAURUS HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT LAURUS WOULD NOT, IN THE EVENT OF LITIGATION, SEEK
TO ENFORCE THIS WAIVER OF RIGHT TO JURY TRIAL PROVISION.

      14. Governing Law; Jurisdiction; Amendments. THIS INSTRUMENT CANNOT BE
CHANGED OR TERMINATED ORALLY, AND SHALL BE GOVERNED, CONSTRUED AND INTERPRETED
AS TO VALIDITY, ENFORCEMENT AND IN ALL OTHER RESPECTS IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK WITHOUT HAVING EFFECT TO PRINCIPLES OF CONFLICTS
OF LAWS. EACH OF THE UNDERSIGNED EXPRESSLY CONSENTS TO THE JURISDICTION AND
VENUE OF THE SUPREME COURT OF THE STATE OF NEW YORK, COUNTY OF NEW YORK, AND OF
THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK FOR ALL
PURPOSES IN CONNECTION HEREWITH. ANY JUDICIAL PROCEEDING BY THE UNDERSIGNED
AGAINST LAURUS INVOLVING, DIRECTLY OR INDIRECTLY ANY MATTER OR CLAIM IN ANY WAY
ARISING OUT OF, RELATED TO OR CONNECTED HEREWITH SHALL BE BROUGHT ONLY IN THE
SUPREME COURT OF THE STATE OF NEW YORK, COUNTY OF NEW YORK OR THE UNITED STATES
DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK. THE UNDERSIGNED FURTHER
CONSENTS THAT ANY SUMMONS, SUBPOENA OR OTHER PROCESS OR PAPERS (INCLUDING,
WITHOUT LIMITATION, ANY NOTICE OR MOTION OR OTHER APPLICATION TO EITHER OF THE
AFOREMENTIONED COURTS OR A JUDGE THEREOF) OR ANY NOTICE IN CONNECTION WITH ANY
PROCEEDINGS HEREUNDER, MAY BE SERVED INSIDE OR OUTSIDE OF THE STATE

                                       6
<PAGE>

OF NEW YORK OR THE SOUTHERN DISTRICT OF NEW YORK BY REGISTERED OR CERTIFIED
MAIL, RETURN RECEIPT REQUESTED, OR BY PERSONAL SERVICE PROVIDED A REASONABLE
TIME FOR APPEARANCE IS PERMITTED, OR IN SUCH OTHER MANNER AS MAY BE PERMISSIBLE
UNDER THE RULES OF SAID COURTS. EACH OF THE UNDERSIGNED WAIVES ANY OBJECTION TO
JURISDICTION AND VENUE OF ANY ACTION INSTITUTED HEREON AND SHALL NOT ASSERT ANY
DEFENSE BASED ON LACK OF JURISDICTION OR VENUE OR BASED UPON FORUM NON
CONVENIENS.

      15. Severability. To the extent permitted by applicable law, any provision
of this Guaranty which is prohibited or unenforceable in any jurisdiction shall,
as to such jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions hereof, and any
such prohibition or unenforceability in any jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction.

      16. Amendments, Waivers. No amendment or waiver of any provision of this
Guaranty nor consent to any departure by the undersigned therefrom shall in any
event be effective unless the same shall be in writing executed by each of the
undersigned directly affected by such amendment and/or waiver and Laurus.

      17. Notice. All notices, requests and demands to or upon the undersigned,
shall be in writing and shall be deemed to have been duly given or made (a) when
delivered, if by hand, (b) three (3) days after being sent, postage prepaid, if
by registered or certified mail, (c) when confirmed electronically, if by
facsimile, or (d) when delivered, if by a recognized overnight delivery service
in each event, to the numbers and/or address set forth beneath the signature of
the undersigned.

      18. Successors. Laurus may, from time to time, without notice to the
undersigned, sell, assign, transfer or otherwise dispose of all or any part of
the Obligations and/or rights under this Guaranty. Without limiting the
generality of the foregoing, Laurus may assign, or grant participations to, one
or more banks, financial institutions or other entities all or any part of any
of the Obligations. In each such event, Laurus, its Affiliates and each and
every immediate and successive purchaser, assignee, transferee or holder of all
or any part of the Obligations shall have the right to enforce this Guaranty, by
legal action or otherwise, for its own benefit as fully as if such purchaser,
assignee, transferee or holder were herein by name specifically given such
right. Laurus shall have an unimpaired right to enforce this Guaranty for its
benefit with respect to that portion of the Obligations which Laurus has not
disposed of, sold, assigned, or otherwise transferred.

      19. It is understood and agreed that any person or entity that desires to
become a Guarantor hereunder, or is required to execute a counterpart of this
Guaranty after the date hereof pursuant to the requirements of any Document,
shall become Guarantor hereunder by (x) executing a Joinder Agreement in form
and substance satisfactory to Laurus, (y) delivering supplements to such
exhibits and annexes to such Documents as Laurus shall reasonably request and
(z) taking all actions as specified in this Guarnaty as would have been taken by
such such Guarantor had it been an original party to this Guaranty, in each case
with all documents required above to be delivered to Laurus and with all
documents and actions required above to be taken to the reasonable satisfaction
of Laurus.

                                       7
<PAGE>

      20. Release. Nothing except cash payment in full of the Obligations shall
release any of the undersigned from liability under this Guaranty.

                        [REMAINDER OF THIS PAGE IS BLANK.
                       SIGNATURE PAGE IMMEDIATELY FOLLOWS]

                                       8
<PAGE>

      IN WITNESS WHEREOF, this Guaranty has been executed by the undersigned
this 31st day of August, 2004.

                                     TOUCHVISION, INC.

                                     By:
                                            ----------------------------------
                                     Name:
                                            ----------------------------------
                                     Title:
                                            ----------------------------------

                                     Address: 1831 Second Street
                                              Berkeley, CA 94710

                                     Telephone: 925 377 2000
                                     Facsimile: 925 377 2010
                                     State of Incorporation: California

                                       9Exhibit 10.2

BROWN SHOE COMPANY, INC.

INCENTIVE AND STOCK COMPENSATION PLAN OF 2002

PERFORMANCE SHARE AWARD AGREEMENT

            You
have been selected to be a Participant in the Brown Shoe Company, Inc.
Performance Share Award Plan under the Incentive and Stock Compensation
Plan of 2002 (the "Plan"), as specified below:

          Participant:
_______________________________________________________________________

          Target Number
of Performance Shares: ________________________________________________

          Performance
Period: February 1, 2004 to February 3, 2007

Performance Measure: Cumulative earnings per share for
three fiscal years and compound annual revenue growth for three fiscal
years.

            THIS
AGREEMENT, effective March 4, 2004, represents the grant of Performance
Shares (the "Award") by Brown Shoe Company, Inc., a New York corporation
(the "Company"), to the Participant named above, pursuant to the provisions
of the Plan.
            The
Plan provides a complete description of the terms and conditions governing
the Award. If there is any inconsistency between the terms of this Award
Agreement and the terms of the Plan, the Plan's terms shall completely
supersede and replace the conflicting terms of this Award Agreement. All
capitalized terms shall have the meanings ascribed to them in the Plan,
unless specifically set forth otherwise herein. The parties hereto agree
as follows:

	
Performance Period. The Performance Period commences on February
1, 2004, and ends on February 3, 2007.
	
Value of Performance Shares. Each Performance Share shall represent
and have a value equal to one Share.
	
Award Payoff and Achievement of Performance Measures. The number
of Performance Shares to be earned under this Award Agreement shall be
based upon the Company's cumulative earnings per share for Fiscal Years
2004, 2005 and 2006 and compound annual revenue growth for Fiscal Years
2004, 2005 and 2006. For this purpose, earnings per share shall be calculated
based on annual net earnings divided by the average annual number of diluted
Shares outstanding.

Revenue shall represent the net sales as reported, and the compound
annual revenue growth rate percentage shall be calculated based on the
geometric average growth rate in revenue for Fiscal Years 2004, 2005 and
2006.
The percent of Target Number of Performance Shares earned shall then
be determined based on the following chart:

PAYOFF PROFILE - 2004 GRANT

(% OF TARGET PAID OUT)

	
Compound

Annual

Sales

Growth

Rate
	
> 9%

7-9%

4-7%

< 4%

	
 0%

0%

0%

0%

	
125%

75%

50%

50%

	
150%

100%

75%

75%

	
175%

150%

125%

100%

	
200%

175%

150%

125%

	EPS	 	
<$10.25

	
$10.60

	
$11.25

	
$11.65

	
$11.95

            Interpolation
shall be used to determine the percent of the Award earned in the event
the Company's EPS measure and revenue growth measure do not fall directly
on one of the ranks listed in the above chart. However, no payoff is earned
unless the minimum EPS of $10.25 is achieved.

	
Termination Provisions. Except as provided below, a Participant
shall be eligible for payment of the earned Award, as specified in Section
3, only if the Participant's employment with the Company continues through
the end of the Performance Period. If a Participant retires at normal retirement
date or at early retirement date with the approval of the Board ("Retirement"),
or suffers a permanent Disability, or dies during the Performance Period,
the Board, in its sole discretion, may determine that the Participant shall
be eligible for that proportion of the Award earned under Section 3 for
such Performance Period that his or her number of full months of participation
during the Performance Period, bears to the total number of months in the
Performance Period. In the event of the death of the Participant, his or
her beneficiary shall be entitled to the Award to which the Participant
otherwise would have been entitled under the same conditions as would have
been applicable to the Participant.
	
Dividends. The Participant shall have no right to any dividends
that may be paid with respect to shares of Company stock until any such
shares are paid to the Participant following the completion of the Performance
Period.
	
Form and Timing of Payment of the Award. Payment of the earned Performance
Shares shall be made in an equal number of Shares. Payment of earned Performance
Shares shall be made within sixty (60) calendar days following the close
of the Performance Period.
	
Change in Control. Subject to Article 2.7 and Article 13 of the
Plan, in the event of the occurrence of a Change in Control, unless otherwise
specifically prohibited under applicable laws, or by the rules and regulations
of any governing governmental agencies or national securities exchange,
the Award (at target levels) shall automatically vest as of the effective
date of the Change in Control, and shall be paid out within thirty (30)
days following the effective date of the Change in Control.
	
Recapitalization. Subject to Article 4.2 of the Plan, in the event
that there is any change in corporate capitalization, such as a stock split,
or a corporate transaction, such as any merger, consolidation, separation
including a spin-off, or other distribution of stock or property of the
Company, any reorganization (whether or not such reorganization comes within
the definition of such term in Code 368) or any partial or complete liquidation
of the Company, such adjustment shall be made in the number and class of
Shares which may be delivered under the Plan, in the number and class of
and/or price of shares subject to outstanding Awards granted under the
Plan, and in the Award limits set forth in the Plan, as may be determined
to be appropriate and equitable by the Board, in its sole discretion, to
prevent dilution or enlargement of rights; provided, however, that the
number of Shares subject to any Award shall always be a whole number.
	
Tax Withholding. The Board shall have the power and the right to
deduct or withhold, or require the Participant or beneficiary to remit
to the Company, an amount sufficient to satisfy Federal, state, and local
taxes, domestic or foreign, required by law or regulation to be withheld
with respect to any taxable event arising as a result of the Award.
	
Share Withholding. With respect to withholding required upon any
taxable event arising as a result of the Award granted hereunder, the Participant
may elect, subject to the approval of the Board, to satisfy the withholding
requirement, in whole or in part, by having the Company withhold Shares
having a Fair Market Value on the date the tax is to be determined equal
to the minimum statutory total tax which could be withheld on the transaction.
All such elections shall be irrevocable, made in writing, signed by the
Participant, and shall be subject to any restrictions or limitations that
the Committee, in its sole discretion, deems appropriate.
	
Nontransferability. Performance Shares may not be sold, transferred,
pledged, assigned, or otherwise alienated or hypothecated, other than by
will or by the laws of descent and distribution. Further, the Participant's
rights under the Plan shall be exercisable during the Participant's lifetime
only by the Participant or the Participant's legal representative.
	
Administration. This Award Agreement and the rights of the Participant
hereunder are subject to all terms and conditions of the Plan, as the same
may be amended from time to time, as well as to such rules and regulations
as the Board may adopt for administration of the Plan. It is expressly
understood that the Board is authorized to administer, construe, and make
all determinations necessary or appropriate to the administration of the
Plan and this Award Agreement, all of which shall be binding upon the Participant.
Any inconsistency between the Award Agreement and the Plan shall be resolved
in favor of the Plan.
	
Miscellaneous

	
This Award Agreement shall not confer upon the Participant any right to
continuation of employment by the Company, nor shall this Award Agreement
interfere in any way with the Company's right to terminate his or her employment
at any time.
	
The Board may terminate, amend, or modify the Plan; provided, however,
that no such termination, amendment, or modification of the Plan may in
any way adversely affect the Participant's rights under this Award Agreement
without the Participant's written consent.
	
This Award Agreement shall be subject to all applicable laws, rules, and
regulations, and to such approvals by any governmental agencies or national
securities exchanges as may be required.
	
To the extent not preempted by Federal law, this Award Agreement shall
be construed in accordance with and governed by the substantive laws of
the State of Missouri without regard to conflicts of laws principles which
might otherwise apply. Any litigation arising out of, in connection with,
or concerning any aspect of the Plan or this Award Agreement shall be conducted
exclusively in the State or Federal courts in Missouri.

            IN WITNESS
WHEREOF, the parties have caused this Agreement to be executed effective
as of March 4, 2004.
 

 
		
BROWN SHOE COMPANY, INC.

		 
		 
		By:

		
	ATTEST:	
	 	
	 	
	

	
		 
		 
		

		
Participant

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00071-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00071-of-00352.parquet"}]]