Document:

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                                                                  Exhibit 10.41

                               Richard Finkbeiner
                               Terms of Employment
                                      with
                              Concord Camera Corp.

1)       Position

         Senior Vice President and Chief Financial Officer

2)       Employer

         Concord Camera Corp., a New Jersey corporation (the "Company" or
         "Concord")

3)       Term

         The term hereof shall commence on the first day of the employee's
         full-time employment with the Company (the "Effective Date") and shall
         continue thereafter, year-to-year, until terminated in accordance with
         Section 14 below. The employment may be terminated in accordance with
         Section 14 at any time during the term. Unless the parties mutually
         agree otherwise, the employee will start working for the Company on
         July 22, 2002.

4)       Reports To

         The Chairman and Chief Executive Officer of the Company, or such other
         person or persons as the Chairman and Chief Executive Officer may from
         time to time designate.

5)       Compensation

         Salary: $250,000 per annum payable in accordance with the Company's
         normal payroll policies for employees. The aforesaid salary amount is
         to be reviewed initially on January 1, 2004, and thereafter on an
         annual basis.

6)       Car allowance

         $7,500 per annum, payable in installments of $625 per month.

7)       Deferred Compensation

         The employee shall receive a grant of deferred compensation equal to
         $50,000 with the entire amount to be deposited by the Company into a
         deferred compensation account created for this purpose. The deferred
         compensation shall vest, so long as the employee continues to be
         employed by the Company, in installments of $12,500 per year on each of
         the first four anniversaries of the Effective Date.

         In order to help defray the cost of selling his house in Wisconsin and
         buying a home in South Florida, the employee shall receive a second
         grant of deferred compensation equal to $50,000 (the "Second Amount")
         with the entire amount to be deposited by the Company into a deferred
         compensation account created for this purpose. This deferred
         compensation shall vest, so long as the employee continues to be
         employed by the Company, in installments of $12,500 per year on each of
         the first four anniversaries of the Effective Date.

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Richard Finkbeiner
Terms of Employment
Page 2 of 8

         The Company will adopt a supplemental employee retirement plan (the
         "SERP") for the benefit of the employee, setting forth the terms and
         conditions under which the deferred compensation will be paid to the
         employee. The SERP will provide for immediate vesting in full of the
         Second Amount if the Company terminates the employee's employment
         without "cause" (as defined in Section 14 below). The employee will not
         be entitled to have any portion of the deferred compensation
         distributed from the SERP account (even after he has vested as to same)
         prior to the earlier of: (i) the termination of the employee's
         employment with the Company; or (ii) the fourth anniversary of the
         Effective Date.

8)       Expense Reimbursement

         The Company will reimburse the employee for all reasonable documented
         expenses necessarily incurred in the performance of the employee's
         duties.

9)       Relocation Reimbursement

         The employee agrees to relocate his primary residence to South Florida
         no later than six (6) months after the Effective Date, subject to the
         terms and conditions of the Company's standard relocation package
         described in Exhibit C, except as hereby amended as follows: (i) the
         $750 transportation payment described in paragraph 3 of Exhibit C is
         hereby changed to up to $1,000 per automobile; and (ii) the $5,000
         moving allowance cap described in paragraph 2 of Exhibit C is deleted
         and the Company will reimburse the employee for the actual cost to
         employee (currently estimated to be approximately $15,000) of moving
         his and his wife's household possessions from Wisconsin to South
         Florida, provided that the employee obtains competitive bids from at
         least two moving companies and the total amount of such cost was
         approved by the Company in advance of the move.

         In addition, the Company will reimburse the employee for the cost of
         reasonable housing and the use of a rental car in South Florida for up
         to six (6) months after the Effective Date, provided the housing and
         car rental were approved in advance by the Company. For up to six (6)
         months after the Effective Date and prior to the employee's relocation
         to South Florida, the Company will reimburse the employee for his
         roundtrip coach airfare (the amount of which must be approved in
         advance by the Company) in traveling from South Florida to Wisconsin as
         often as once a month.

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Richard Finkbeiner
Terms of Employment
Page 3 of 8

10)      Vacation

         Three (3) weeks vacation per year. Employee shall provide the Company a
         minimum of 30 days' prior written notice of a request for vacation
         days. All vacation days are subject to the Company's approval. The
         employee shall also be entitled to the Company's regularly scheduled
         holidays.

11)      Bonus

         The employee shall be eligible for a discretionary bonus which is
         dependent upon the performance of the employee and the performance of
         the Company. The Company is not obligated to pay any specific bonus
         amount. The initial review for bonus shall occur on or about June 30,
         2003. Subsequent bonus reviews shall take place every 12 months
         thereafter. To be eligible for a discretionary bonus, the employee must
         be employed by the Company at the time the bonus is paid.

12)      Options

         Subject to approval by the Compensation and Stock Option Committee of
         the Board of Directors of Concord, no sooner than the Effective Date
         the employee will be granted the following option to purchase up to
         75,000 shares of the common stock of Concord:

                  with vesting as to 18,750 shares on the 1st year anniversary
                  of the Effective Date;
                  with vesting as to 18,750 shares on the 2nd year anniversary
                  of the Effective Date;
                  with vesting as to 18,750 shares on the 3rd year anniversary
                  of the Effective Date; and
                  with vesting as to 18,750 shares on the 4th year anniversary
                  of the Effective Date.

         The exercise price per share of the option shall be the record share
         price as of the close of business on the date of grant. The option will
         not be intended to qualify as an incentive stock option and shall be:
         (1) subject to the terms and conditions of Concord's standard option
         agreement; and (2) conditioned upon the employee's execution and
         delivery of said agreement, as of the grant date. The grant of the
         aforesaid option does not establish any right of continued employment.

13)      Benefits

         The employee shall be eligible to receive the following benefits, as
         same are made generally available to Company employees who participate
         in these plans, with contributions, as applicable, to be made by the
         employee and/or the Company consistent with the applicable plan(s):

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Richard Finkbeiner
Terms of Employment
Page 4 of 8

         o        Life insurance at a rate of two (2) times base salary
         o        Medical and Dental insurance
         o        Disability Insurance
         o        401K Plan

         To the extent that the Company in its sole discretion modifies or
         terminates any of the foregoing plans or benefits, the employee shall
         be subject to said changes.

14)      Termination

         The Company may terminate the employee for cause at any time without
         notice. "Cause" shall mean: (i) continued failure to obey reasonable
         instructions of the person(s) to whom the employee reports; (ii)
         continued neglect of duties and responsibilities; (iii) willful
         misconduct; (iv) fraud or dishonesty; (v) any action in bad faith which
         is to the detriment of the Company and/or any of its subsidiaries or
         affiliates; (vi) failure to comply with any of the provisions set forth
         in Exhibit A; or (vii) failure to comply with the Code of Conduct
         annexed as Exhibit B.

         Either party may terminate at any time for any reason or for no reason
         upon giving the other party 60 days' written notice. If the Company
         terminates the employee for any reason other than cause, or for no
         reason, and such termination is made effective immediately or at any
         other time before the expiration of the foregoing 60-day notice period,
         then the Company shall pay the employee's base salary, in lieu of
         notice, for the remainder of such notice period (the "Notice
         Payments"). If the Company terminates the employee for any reason other
         than cause, or for no reason, the employee shall also receive the
         Non-Compete Payment provided for in Section 15 below.

         In the event that the employee's employment terminates for any reason
         at all, voluntarily or involuntary, benefits provided to the employee
         will terminate as of the last day of employment unless otherwise
         specified in any employee benefit plan or unless otherwise specified as
         a matter of law.

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Richard Finkbeiner
Terms of Employment
Page 5 of 8

15)      Confidentiality and Intellectual Property; Non-Compete; Code of Conduct

         Annexed hereto as Exhibits A and B, respectively, are provisions
         applicable to the employee which are incorporated herein by reference
         and are part of this Agreement. As consideration for the covenants of
         employee set forth in Exhibit A, the Company hereby employs or
         continues to employ employee and employee hereby accepts employment or
         continued employment upon the terms and conditions contained herein.
         The employee acknowledges and agrees that the provisions set forth in
         Exhibits A and B do not affect the Company's ability to terminate the
         employee at any time with or without cause. If a provision set forth in
         this Term Sheet(1) conflicts with a provision set forth in one or both
         of the exhibits, then the provisions of this Term Sheet shall govern.
         The obligations set forth in Exhibits A and B shall survive any
         termination of the employee's employment and/or any termination or
         expiration of this Agreement.

         As additional consideration for the covenants of employee set forth in
         this Section and Exhibit A, if the employee's employment is terminated
         by the Company for any reason other than "cause" or for no reason,
         then, after the Company has made any Notice Payments the employee is
         entitled to receive pursuant to Section 14, the employee shall receive
         a payment (the "Non- Compete Payment") calculated as follows:

                  A. If such termination occurs within six (6) months of the
         Effective Date, then the Non-Compete Payment shall equal three (3)
         months of his base salary, less any Notice Payments.

                  B. If such termination occurs more than six (6) months but
         less than twelve (12) months after the Effective Date, then the
         Non-Compete Payment shall equal:

                           (i)      three (3) months of his base salary,
                           (ii)     plus 1.5 times his monthly base salary for
                                    each month in excess of six (6) months that
                                    he continued to be actively employed by the
                                    Company,
                           (iii)    less any Notice Payments.

                  C. If such termination occurs twelve (12) months or more after
         the Effective Date, then the Non-Compete Payment shall equal twelve
         (12) months of his then base salary, less any Notice Payments.

         Notwithstanding any other provision of this Agreement to the contrary,
         the combined total of any and all severance payments (including any
         Notice Payments) and the Non-Compete Payment shall not in any event
         exceed twelve (12) months' of the employee's then base salary.

         Any and all Notice Payments and the Non-Compete Payment shall be
         payable in installments (net of required withholding) in accordance
         with the Company's normal payroll schedule and shall not be payable
         simultaneously. The Company's obligation to make any Notice Payments
         and/or the Non-Compete Payment is conditioned upon the employee's prior
         and continued compliance with all provisions of this Agreement
         including, but not limited to, those set forth in Exhibit A.

--------
1 As used herein, "Term Sheet" means the portion of these Terms of Employment up
through and including the signature page. The "Agreement" or "Terms of
Employment" means the Term Sheet together with all exhibits and schedules to the
same.

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Richard Finkbeiner
Terms of Employment
Page 6 of 8

         If the employee's employment is terminated by the Company for "cause,"
         or by the employee, then the employee will not receive a Non-Compete
         Payment or any Notice Payments but all of his obligations under the
         provisions of this Agreement, including but not limited to those set
         forth in Exhibit A, nevertheless remain in full force and effect.

         In the event the employee fails to comply with any of the terms or
         conditions of Exhibit A or B (as same may be modified in this Term
         Sheet), all stock options granted by Concord, pursuant to this
         Agreement or otherwise, are thereby forfeited regardless of whether
         such options have vested.

16)      Representation by Employee

         Employee acknowledges and represents that he is not subject to any
         agreement or understanding, oral or written, direct or indirect, which
         would in any way prohibit, interfere with, restrict or limit: (a) the
         employee's employment by the Company (or any of its subsidiaries or
         affiliates); or (b) any activities contemplated as part of the
         employee's employment hereunder. The foregoing would include, but not
         be limited to, any agreement or covenant relating to non-competition,
         non-solicitation, confidentiality and/or non-interference. If the
         employee has ever signed or been subject to one or more agreements of
         the nature described above, the employee promptly disclosed them to the
         Company and provided the Company with complete copies of them.

17)      Acknowledgment of Representation by Counsel

         Employee acknowledges that he has been represented by independent
         counsel or has knowingly waived his right to be represented by
         independent counsel with respect to this Agreement and the subject
         matter hereof.

18)      Indemnification

         The employee agrees to indemnify the Company and its subsidiaries and
         affiliates against any damages, claims, expenses or costs, including
         attorneys fees, incurred by any of them relating directly or indirectly
         to any act or omission of the employee outside of the scope of the
         employee's duties and responsibilities as an employee of the Company.

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Richard Finkbeiner
Terms of Employment
Page 7 of 8

19)      Entire Agreement

         This Agreement (which includes all schedules and exhibits to same)
         contains the entire understanding and agreement among and between the
         parties and supersedes any prior understandings or agreements, oral or
         written, between them relating to the subject matter hereof. Any
         amendments to this Agreement must be in writing, signed by the parties
         affected by the amendment.

20)      Severability

         If any provision of this Agreement is held breached, illegal, invalid
         or unenforceable, such provision shall be deemed severed and the
         remainder of this Agreement will remain binding on the parties as
         though the breached, illegal, invalid or unenforceable provision had
         not been included.

21)      Attorneys' Fees

         If any action at law or in equity is brought to enforce the provisions
         of this Agreement, the prevailing party shall be entitled to reasonable
         attorneys' fees, whether at pretrial, trial or appellate levels, which
         may be set by the court in the same action or in a separate action for
         that purpose, including reasonable costs and fees awarded in such
         action, in addition to any other relief to which the party may be
         entitled.

22)      Governing Law

         This Agreement and the employment of the employee shall be governed by
         the laws of the State of Florida. Any litigation related to or arising
         out of this Agreement shall be brought in the state or federal courts
         of the State of Florida, or in the event the Company moves its
         principal place of business from the State of Florida, in the state or
         federal courts of the state of such other principal place of business.
         The parties agree that service of process may be effected by certified
         or registered mail, return receipt requested, or by regular mail if
         certified or registered mail is refused. The parties hereto agree to
         waive, and do hereby waive, trial by jury. The employee agrees and
         acknowledges that in the event of his violation of any term or
         condition of this Agreement that the Company will have no adequate
         remedy at law and shall, therefore, be entitled to enforce any
         provision hereof by temporary or permanent injunctive or

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Richard Finkbeiner
Terms of Employment
Page 8 of 8

         mandatory relief obtained in any court of competent jurisdiction
         without the necessity of proving damage or posting any bond or other
         security and without prejudice to any other remedies that may be
         available to the Company at law or in equity.

Accepted and Agreed:                           Accepted and Agreed:

EMPLOYEE                                       CONCORD CAMERA CORP.

   /s/  Richard Finkbeiner                     By:  /s/  Ira B. Lampert
--------------------------------                  -----------------------------
Richard Finkbeiner                                  Ira B. Lampert, Chairman
                                                    and Chief Executive Officer

Date:           6/26/02                        Date:         7/22/02
      --------------------------                     --------------------------

Rev.  02/05/01

<PAGE>

                                                                       Exhibit A

               CONFIDENTIALITY/INTELLECTUAL PROPERTY RESTRICTIONS
                                 AND NON-COMPETE

I. CONFIDENTIALITY/INTELLECTUAL PROPERTY RESTRICTIONS

         1. During Employee's employment and at all times thereafter, Employee
         agrees to keep in the strictest confidence, agrees to refrain from
         disclosing or divulging to any person, firm or corporation, and agrees
         to refrain from using directly or indirectly, for his or her benefit or
         the benefit of others, any information which is or ought to be treated
         as Confidential Information. Employee agrees that, except as directed
         by the Company, the Employee will not at any time, whether during or
         after his or her employment with the Company, disclose to any person
         any Confidential Information, or permit any person to examine and/or
         make copies of any documents or other tangible items which contain or
         are derived from Confidential Information, whether prepared by the
         Employee or otherwise coming into the Employee's possession or control.
         Said documents may be in either human or computer readable form,
         including, but not limited to software, source code, hex code, or an
         other form. Employee further acknowledges and agrees that a document or
         other tangible item need not be expressly marked or designated as
         "Confidential" in order for it to be considered Confidential
         Information and the Employee agrees to use his or her best judgment in
         this regard and to proceed on the assumption that all information to
         which he or she is exposed by virtue of his or her employment, whether
         directly from the Company or not, is to be considered Confidential
         Information of the Company. Notwithstanding the provisions contained
         herein, Employee may disclose Confidential Information: (a) in the
         course of carrying out his or her duties as an employee, provided that
         such disclosures are made in accordance with Company policy as
         currently in effect at the time of the disclosure; or (b) when required
         to do so by a court of law, by any governmental agency having
         supervisory authority over the business of the Company or by any
         administrative or legislative body (including a committee thereof) with
         apparent jurisdiction to order Employee to divulge, disclose or make
         accessible such information. If any such body described herein requests
         the Employee to reveal or make accessible such information, the
         Employee must promptly provide Concord Camera Corp.'s Chief Executive
         Officer with written notice of the request so that the Company may
         exhaust its rights before any court or administrative tribunal to
         prohibit disclosure.

         2. As used herein, the term "Confidential Information" includes, but is
         not limited to, all information relating to: (A) the Company's business
         affairs and operations (unless otherwise available as public
         information due to no fault of Employee), including but not limited to,
         (i) vendors, suppliers and customers of the Company (including mailing
         lists, credit card or charge card numbers, price and mark-up
         determinations, sales or sales trends, and costs of products or
         services paid by the Company), (ii) Company budgets, business plans and
         marketing plans, and (iii) any proprietary products or processes or any
         other confidential or non-public information or material concerning the
         copyrights, trademarks, trade names, service marks, inventions,
         patents, products, suppliers or customers of the Company; and (B) all
         confidential information relating to any third party with whom the
         Company is under an obligation of confidentiality.

                                      -1-
<PAGE>

         3. In connection with the Employee's obligations: (a) the Employee
         shall keep all papers and other tangible items relating to the Company
         and its products and processes and the Employee's responsibilities and
         duties herein at the principal place of business of the Company or at
         such other place as may be designated by the Company from time to time,
         and (b) upon the termination of his or her employment, Employee will
         deliver to the Company all documents, papers, records, files,
         recordings, digital and electronic stored information, computer or word
         processing software and other material containing Confidential
         Information, and will retain no copy, duplicate, summary or description
         thereof.

         4. All copyrights, trademarks, trade names, service marks, inventions,
         processes and intangible or intellectual property rights that may be
         invented, conceived, developed or enhanced by the Employee during the
         term of his or her employment with the Company that relate to the
         business or operations of the Company or that result from any work
         performed by the Employee for the Company or using Company assets shall
         be the sole property of the Company, and the Employee hereby waives any
         right or interest that he or she may otherwise have in respect thereof.
         Upon the request of the Company, Employee shall execute, acknowledge,
         deliver and file any instrument or document, and do all other acts and
         things necessary or appropriate in the opinion of the Company to
         confirm the Company's title or assign such title to such inventions and
         its rights to obtain and maintain letters patent or other protection
         with respect thereto and to enable the Company to exploit the same.

         5. The foregoing Sections 1 through 4 are each of unlimited duration,
         and extend throughout the period of employment and following any
         termination of employment with the Company without time limit in
         perpetuity.

                                      -2-
<PAGE>

II. NON-COMPETE PROVISIONS

         1. Employee agrees and covenants that, because of the nature of the
         Company's business, the confidential and sensitive nature of the
         Confidential Information, as defined above, and because the use of, or
         even the appearance of the use of, the Confidential Information may
         cause irreparable damage to the Company and its reputation, or to
         customers of the Company, Employee shall not, anywhere in the world,
         during the term of employment and for a period of twelve (12) months
         after the time of the termination of the Employee's employment,
         regardless of the reason for such termination, without the Company's
         prior express written consent (which consent must specifically refer to
         this Section of this Agreement), in any capacity whatsoever, directly
         or indirectly, whether as an employee, sole proprietor, shareholder,
         member, partner, consultant, independent contractor, salesman, officer,
         director, customer or otherwise:

                  (a) be or become interested in or associated with or represent
                  or otherwise render assistance or services to (as an officer,
                  director, stockholder, partner, consultant, owner, employee,
                  contractor, agent, creditor or otherwise) any business that is
                  then, or which then proposes to become, a competitor of the
                  Company anywhere in the world; provided, that the foregoing
                  shall not restrict the Employee from the ownership, solely as
                  an investment, of securities of any business if such ownership
                  is: (i) not as controlling person of such business, (ii) not
                  as a member of a group that controls such business, and (iii)
                  not as a direct or indirect beneficial owner of 5% or more of
                  any class of securities of such business;

                  (b) induce or seek to influence any other employee of (or
                  consultant to) the Company to leave his or her employ (or
                  terminate such consultancy) or to become financially
                  interested in a similar business;

                  (c) aid a competitor or supplier of the Company in any attempt
                  to hire a person who was employed by, or who was a consultant
                  to, the Company within the one-year period preceding the date
                  of any such aid;

                  (d) induce or attempt to influence any person who was a
                  customer or supplier of the Company during such period to
                  transact business with a competitor of the Company or not to
                  do business with the Company;

                  (e) provide any business or assistance directly or indirectly
                  to any competitor or supplier of the Company or to any person
                  formerly employed by the Company or formerly acting as a
                  consultant to the Company; or

                  (f) aid, assist, or transact any business with any person who
                  was an employee of, or consultant to, any customer of the
                  Company.

                                      -3-
<PAGE>

         2. The Restraints set forth in Section 1 of this Part II, however, do
         not preclude the Employee from:

                           (a) serving on the boards of directors of a
                           reasonable number of other corporations not engaged
                           in competition with the Company or the boards of a
                           reasonable number of trade associations and/or
                           charitable organizations;

                           (b) engaging in charitable activities and community
                           affairs;

                           (c) managing his or her personal investments and
                           affairs; or

                           (d) being involved in other business transactions,

         provided that such activities do not interfere with the proper
         performance of Employee's duties and responsibilities as an employee of
         the Company.

III. GENERAL PROVISIONS

       1. As used in this Exhibit, the term "Company" includes Concord Camera
       Corp. and all of its subsidiary companies.

       2. Rights and Remedies of the Company.

                  (a) Reasonableness of Restraints. The Employee hereby
                  acknowledges that Employee is fully familiar with the
                  restrictions, restraints and limitations imposed upon him or
                  her hereunder (collectively, the "Restraints"); Employee
                  further acknowledges and agrees that the Restraints contained
                  herein are necessary for the protection of the Company's
                  legitimate business interests, including but not limited to
                  the Company's trade secrets, valuable confidential business or
                  professional information, substantial relationships with
                  existing and prospective customers, and customer and client
                  goodwill, and that the Restraints are reasonable in scope and
                  content.

                  (b) Injunctive Relief. Employee acknowledges that disclosure
                  of any Confidential Information or breach of any of the
                  non-competition covenants contained herein will give rise to
                  irreparable injury to the Company or customers of the Company,
                  inadequately compensable in damages. Employee also agrees and
                  acknowledges that his or her breach of this Agreement will
                  give rise to irreparable injury which may specifically be
                  enjoined. Accordingly, the Company may seek and obtain
                  injunctive relief against the breach or threatened breach of
                  the foregoing, in addition to any other legal remedies which
                  may be available. Employee further acknowledges and agrees
                  that, in the event of the termination of employment with the
                  Company (for whatever reason), Employee's experience and
                  capabilities are such that Employee can obtain employment
                  which is different or of a non-competing nature with the
                  Company; and that the enforcement of a remedy hereunder by way
                  of injunction shall not prevent Employee from earning a
                  reasonable livelihood.

                                      -4-

<PAGE>

                  (c) Extension of Period of Restraints. The Restraints
                  described in Section 1 of Part II above shall not expire until
                  the Employee has been in full, continuous compliance, both
                  during employment and for a period of twelve (12) months
                  thereafter, with the Restraints and other covenants set forth
                  in this Agreement.

         3. Enforcement by Third Party Beneficiaries, Assignees, and Successors

                  Employee acknowledges and agrees that the Restraints contained
         in this Agreement are for the benefit of the Company and certain third
         party beneficiaries related to the Company and that either the Company
         or such third party beneficiaries may enforce the terms of this
         Agreement. This Agreement inures to the benefit of and may be enforced
         by the Company's assignee or successor and the assignee or successor of
         any third party beneficiary.

         4. Enforceable

                  The provisions of this Agreement shall be enforceable
         notwithstanding the existence of any claim or cause of action of
         Employee against the Company whether predicated on this Agreement or
         otherwise.

         5. Saving Provision

                  Employee acknowledges that he or she has carefully read and
         understands this Agreement. The Employee agrees and stipulates that all
         provisions in this Agreement are fair and reasonable in light of all of
         the facts and circumstances of the relationship between Employee and
         the Company and that they are required to protect the legitimate
         business interests of the Company. Notwithstanding the above, Employee
         agrees that in the event that the Restraints (or any part thereof)
         shall be determined by any court of competent jurisdiction to be
         unenforceable by reason of being extended for too great a period of
         time, or as encompassing too large a geographic area, or over too great
         a range of activities, or any combination of these elements, that such
         portion shall be considered divisible as to scope, time and geographic
         area and that the Restraints shall be interpreted to extend to the
         maximum period of time, geographic area, and range of activities which
         the court deems reasonable and enforceable. All other provisions not
         deemed unenforceable will remain in full force and effect.

Rev. February 12, 2001

                                      -5-

<PAGE>

                                                                      EXHIBIT C

[CONCORD CAMERA LOGO]

                              CONCORD CAMERA CORP.
                           STANDARD RELOCATION PACKAGE

If you relocate your primary residence to South Florida (hereinafter "Florida")
pursuant to signed Terms of Employment between you and Concord Camera Corp. or
one of its subsidiaries ("Concord"), the following benefits will be made
available to you:

         (1)      For you and your spouse (if applicable) expense payments
                  related to two visits to Florida for the purpose of locating
                  housing in Florida. These expense payments which will be
                  reimbursed by Concord by the employee's submission of an
                  approved expense report, with supporting receipts, which are
                  within the below allowance(s) criteria, consist of: (a) two
                  Concord approved round trip coach tickets to Florida for each
                  visit; (b) Concord approved hotel accommodations for two
                  nights for each visit; (c) a Concord approved car rental for
                  each visit; and (d) a food and incidental allowance (not to
                  exceed $100 per day per couple, or $50 per day for an
                  individual). Concord approved airfare, hotel accommodations
                  and car rental costs will be paid for and/or reimbursed by
                  Concord. The actual scheduling of approved trips to Florida
                  will be made through Concord.

         (2)      A moving allowance in an amount of up to $5,000.00. The moving
                  allowance will be approved by Concord upon the submission to
                  Concord by employee of a moving expense/cost estimate provided
                  by the Concord-approved moving company. The moving allowance
                  will be provided to cover the actual moving expenses for your
                  household possessions, limited to the herein amount. You will
                  be provided the moving allowance prior to your move to Florida
                  so that you can pay the moving company upon their completion
                  of your move to Florida.

         (3)      A transportation payment in an amount of up to $750.00 per
                  automobile (limited to two (2) automobiles). The
                  transportation allowance is being provided to cover the actual
                  transportation expenses for you and your family and is limited
                  to the herein amount. The transportation allowance will be
                  paid to you prior to your move to Florida so that you can pay
                  for the transportation of your automobile(s) and family to
                  Florida.

                                      -1-

<PAGE>

         (4)      A "transfer payment" in the gross amount of $1,500.00. In
                  addition, if you purchase a home in Florida within two years
                  of your first (1st) day of employment in Florida with Concord,
                  and you owned a home prior to moving to Florida, you will be
                  provided with an additional payment of $3,500.00 which is
                  intended to be applicable to real estate brokerage
                  commissions, closing costs and other expenses related to your
                  relocation to Florida.

         The payment of the aforesaid expenses (1) and (2) will be subject to
         the completion of appropriate expense reports and the providing of
         appropriate receipts to support the expenses. The transportation and
         transfer payments (3) and (4) will not require an accounting by you.

         You will have no obligation to reimburse Concord for any expense
         amounts paid to you and/or incurred by Concord on your behalf provided
         that you do not voluntarily terminate your employment with Concord
         prior to three (3) years from your first (1st) day of employment in
         Florida with Concord. In the event that you terminate your employment
         prior to three years from your first (1st) day of employment in Florida
         with Concord, you will have the obligation to reimburse Concord for all
         amounts provided by Concord to you as previously described in
         paragraphs (1), (2), (3) and (4) reduced by one-thirty-sixth (1/36) for
         each full month you remain in Concord's employment. Concord will have
         the right in such circumstance to withdraw amounts from any amounts due
         you. If Concord should terminate your employment, you will have no
         obligation to repay any amounts provided to you.

Rev. 07/17/00

                                      -2-

<PAGE>

                                 AMENDMENT NO. 1
                                       to
                              RICHARD FINKBEINER'S
                               Terms of Employment
                                      with
                              CONCORD CAMERA CORP.

         AMENDMENT NO. 1, dated as of January 1, 2003, to Terms of Employment
between CONCORD CAMERA CORP. (the "Company") and RICHARD FINKBEINER (the
"employee"), signed in July 2002 effective as of July 22, 2002 (the
"Agreement").

         FOR GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of
which is hereby acknowledged, the Agreement is hereby amended as follows:

         1. Section 5 of the Agreement is hereby deleted and replaced with the
following, effective as of January 1, 2003:

                  "5)      Compensation

                  Salary: $262,500 per annum payable in accordance with the
                  Company's normal payroll policies for employees. The aforesaid
                  salary amount is to be reviewed next on January 1, 2004, and
                  thereafter on an annual basis."

         2. Effective as of January 20, 2003, the previous Code of Conduct
attached to the Agreement as Exhibit B (dated August 10, 2000) is hereby deleted
and replaced in its entirety with the Exhibit B, dated January 12, 2003,
attached hereto.

         3. Except as hereby amended, the Agreement shall continue in full force
and effect.

         IN WITNESS WHEREOF, the undersigned have executed this Amendment No. 1
as of the date first above written.

EMPLOYEE:                               CONCORD CAMERA CORP.

     /s/  Richard Finkbeiner            By:        /s/ Ira B. Lampert
-----------------------------------     ----------------------------------------
Richard Finkbeiner                           Ira B. Lampert
                                              Chairman, Chief Executive Officer
                                                 and President

Date:             5/06/03               Date:              5/7/03
     ------------------------------          -----------------------------------

<PAGE>

                                                                       Exhibit B

                              CONCORD CAMERA CORP.

                                 CODE OF CONDUCT

         Incorporated by reference to the Company's quarterly report on
         Form 10-Q for the quarter ended March 29, 2003 which Code of
         Conduct, dated January 12, 2003, was filed as part of Exhibit
         10.2.

Revised 01/12/03<PAGE>

                                                                  Exhibit 10.45

         SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AND AGREEMENT
                                       FOR
                              RICHARD M. FINKBEINER

         This Supplemental Executive Retirement Plan and Agreement for RICHARD
M. FINKBEINER, made as of July 22, 2002 by and between CONCORD CAMERA CORP., a
New Jersey corporation (the "Employer") and RICHARD M. FINKBEINER (the
"Executive").

         In consideration for the premises and the mutual covenants hereinafter
contained, the parties hereto hereby agree as follows:

                             Article I. Introduction

         In consideration of the services performed by the Executive for the
Employer in the past and to be performed in the future, the Employer hereby
agrees to pay, in addition to other consideration to be provided by the
Employer, deferred compensation to him under the terms and conditions
hereinafter set forth. This Agreement creates an unfunded, nonqualified plan
maintained for the purposes of providing deferred compensation for the
Executive, a member of senior management and a highly compensated Executive, and
shall be construed and administered accordingly.

                             Article II. Definitions

         When used herein with initial capital letters, the following words have
the following meanings:

         Accounts - the eight accounts established by the Employer for the
benefit of the Executive, each reflecting the initial credit described in
Section 1 of Article III and adjustments for income, expenses, gains or losses
and any payments from the accounts.

         Plan and Agreement - this Supplemental Executive Retirement Plan and
Agreement for Richard M.
Finkbeiner.

                       Article III. Deferred Compensation

         1. The Employer agrees to credit as of July 22, 2002: $12,500 to each
of Account I, Account II, Account III, Account IV, Account V, Account VI,
Account VII and Account VIII, and such deferred compensation shall be paid to
the Executive as provided in this Plan and Agreement.

<PAGE>

         2. The balance in each Account shall be deemed for purposes of this
Plan and Agreement to be invested and reinvested in such securities,
investments, instruments or insurance policies as the Executive, in his sole
discretion, shall direct from time to time, by one day's advance written notice
given to the Employer or its designee. With the consent of the Employer, the
Executive may, by giving written notice to the Employer or its designee,
authorize an investment manager to make the directions specified in the
preceding sentence. Any investment direction or change of investment direction
shall be deemed made on the first business day after the day of the Employer's
or its designee's, as the case may be, receipt of the Executive's or the
investment manager's, as the case may be, written notice of investment
direction. Any such investment direction shall remain in effect until
affirmatively changed by a subsequent investment direction given in the same
manner, provided that the proceeds of any investment which matures shall be
deemed to be reinvested in such money market account as the Employer may
determine and thereafter until a new investment direction is made with respect
to such proceeds. Notwithstanding the foregoing, no such deemed investment
shall, in the Employer's reasonable judgment, impose upon the Employer
administrative burdens or financial costs which are inappropriate in view of all
of the circumstances. If no applicable investment direction is given on or
before the date on which an amount is credited to an Account, such amount shall
be initially deemed invested in such money market account as the Employer may
reasonably determine. The Employer, in its discretion and on such terms as it
decides, may waive, or reduce the period of, any notice required under this
paragraph.

         For the avoidance of doubt, the Employer in its sole discretion shall
determine the manner in which the balances in each Account are actually invested
and whether or not to actually invest the balances at all. Regardless of whether
any such investment is actually made by the Employer, the investments and
reinvestments shall be "deemed" to have been made as described in the preceding
paragraph and the balances in each Account shall be increased or decreased
pursuant to paragraph 4 of this Article III, as though such investments and
reinvestments had actually been made.

         3. Title to and beneficial ownership of any direct or indirect
investments the Employer may make in connection with the Plan and Agreement
(including the transfer of funds to a selected investment manager for
discretionary investment and reinvestment in such investments by such investment
manager or the transfer of funds to a so-called rabbi trust) shall at all times
remain with the Employer, and the Executive and his designated beneficiary or
beneficiaries shall not have any property interest whatsoever in such
investments.

         4. At the end of every month, each Account shall be increased or
decreased by (a) in the case of each investment actually made directly or
indirectly by the Employer with respect to such Account, the net amount of all
income, gain or loss earned or sustained, whether realized or unrealized, with
respect to such investment, and (b) in the case of each deemed investment with
respect to such Account, the net amount of all income, gain or loss which would
have been earned or sustained, whether realized or unrealized, had the balance
in the Account in fact been invested and reinvested in such investment. Each
Account shall also be charged with all payments or other distributions with
respect to such Account and with all fees and expenses (including brokerage
fees) with respect to such Account, in the case of investments actually made, at
the rates actually paid and, in the case of investments deemed to have been
made, at the rates which would have been paid had the investments actually been
made.

                                      -2-
<PAGE>

                               Article IV. Vesting

         1. The balances in the Accounts shall vest as follows:

                           Account                Vesting Date
                           -------                ------------

                           Account I              July 22, 2003
                           Account II             July 22, 2004
                           Account III            July 22, 2005
                           Account IV             July 22, 2006

                           Account V              July 22, 2003
                           Account VI             July 22, 2004
                           Account VII            July 22, 2005
                           Account VIII           July 22, 2006

In the event that the Executive's employment is terminated by the Employer
without "Cause," the balances in Accounts V, VI, VII and VIII shall immediately
vest. In the event the Executive's employment with the Employer is terminated
for any other reason (or no reason) prior to the vesting of the balance in one
or more Accounts, the balance in such Accounts shall be immediately forfeited
and the Executive shall have no further interests in such balance. For purposes
of this Agreement, "Cause" shall mean "cause" as defined in the most recent
employment agreement between the Executive and the Employer.

         2. Notwithstanding anything herein to the contrary, in the event of a
forfeiture of a balance in an Account, the Executive agrees that to the extent
that the balance in the Account at the time of forfeiture is less than the
amount of the initial credit provided for in paragraph 1 of Article III, the
Executive shall immediately pay to the Employer an amount equal to such
deficiency. The Employer, in its discretion, may reduce the amounts otherwise
payable to the Executive under this Plan and Agreement by any deficiency owed to
the Employer pursuant to the immediately preceding sentence.

                        Article V. Benefit Distributions

         1. Except as otherwise provided in paragraph 2 of Article IV or in this
Article V or in Article VI or VII, the vested balance in each Account shall be
paid to the Executive in one of the two following methods at the election of the
Executive: (a) a lump-sum payment to be paid at such time as is designated by
the Executive or (b) annual installment payments over such period of years as
may be designated by the Executive; provided, however, no payment shall be
payable pursuant to this Article V prior to the earlier of July 22, 2006 or the
termination of the Executive's employment with the Employer.

                                      -3-
<PAGE>

         2. The Executive's election and designation referred to in Paragraph 1
of this Article V with respect to an Account shall be made by a written notice
to the Employer prior to August 21, 2002. The Executive may make different
elections and designations with respect to each Account.

         3. In the event that the Executive fails to make an election pursuant
to paragraph 1 of this Article V with respect to an Account, except as otherwise
provided in Article VII and paragraph 7 of this Article V, the vested balance in
such Account shall be paid in ten annual installments commencing on the first
day of the month following the termination of the Executive's employment with
the Employer.

         4. All payments to be made pursuant to paragraph 1 of this Article V
with respect to each Account shall be made in cash, and in furtherance thereof,
all investments actually made with respect to such Account shall be sold by the
Employer at such time or times as the Employer may determine to effect such
payment; provided, that (a) in the case of an installment payment, unless the
Executive provides the Employer with written notice to the contrary at least
five days prior to the date any such payment is due, the Employer may select the
investments to be sold or deemed sold to provide the cash necessary for such
payment, and (b) to the extent investments have actually been made by the
Employer with respect to such Account, the Executive may elect, subject to the
Employer's approval, to receive payment in kind in lieu of cash by providing
written notice of such election to the Employer at least five days prior to the
date of such payment.

         5. For purposes of determining the amount of a payment referred to in
paragraph 1 of this Article V with respect to an Account, (a) the balance in
such Account shall be adjusted by the Employer in the manner provided in
paragraph 4 of Article III not more than five trading days preceding such
payment, (b) the amount of such payment shall be reduced by the amount of any
expenses actually incurred or deemed to have been incurred in connection with
the sale or deemed sale of investments required to make such payment ("selling
expenses"), and (c) if the installment method is elected with respect to any
Account, the amount of each installment shall be equal to the balance in the
appropriate Account as of the date of payment (as adjusted pursuant to clause
(a) of this sentence), divided by the number of annual installments remaining,
including the installment then being paid, and then reduced by the amount of any
applicable selling expenses.

         6. Except as provided in this paragraph 6, the Executive shall have no
right to modify in any way his election and designation made pursuant to
paragraph 1 of this Article V with respect to an Account or, in the event of his
failure to make such an election or designation, the default provisions of
paragraph 3. Provided that a modification election is made at least 12 months
prior to it becoming effective, the Executive may:

                  (a)      delay the date on which a lump-sum payment from such
                           Account shall be made;

                                      -4-
<PAGE>

                  (b)      subject to the last sentence of paragraph 1 of this
                           Article V, accelerate the date on which distributions
                           from any vested portion of an Account shall commence;

                  (c)      change the form of benefit payment from such Account
                           from a lump-sum payment to annual installment
                           payments over such period of years as designated by
                           the Executive;

                  (d)      subject to the last sentence of paragraph 1 of this
                           Article V, change the form of benefit payment from
                           such Account from annual installments to a lump-sum
                           payment which shall be paid at the time designated by
                           the Executive;

                  (e)      delay the commencement of annual installment payments
                           from such Account; or

                  (f)      increase the period of years during which annual
                           installments shall be made out of such Account.

         7. Notwithstanding any other provision of this Plan and Agreement to
the contrary and notwithstanding any elections made by the Executive, in the
event of the termination of the Executive's employment with the Employer for any
reason (or no reason) prior to the Executive's attainment of age 65, the vested
balance in each Account shall be paid to the Executive in one lump-sum payment
within 30 days of such termination.

         8. Notwithstanding any other provision of this Plan and Agreement to
the contrary, in the event the Executive is determined to be subject to federal
income tax on any balance in an Account prior to the time of distribution
hereunder, an amount equal to the federal, state and local taxes (including any
interest and penalties) owed on such taxable amount, shall be distributed from
such Account and paid to the Executive. A balance in an Account shall be
determined to be subject to federal income tax upon the earliest of: (a) a final
determination by the Internal Revenue Service addressed to the Executive which
is not appealed to the courts; (b) a final determination by the United States
Tax Court or any other federal court affirming any such determination by the
Internal Revenue Service; or (c) a written opinion by the Employer's tax
counsel, addressed to the Employer, to the effect that the balance in an Account
is subject to federal income tax prior to distribution.

         9. Employer is authorized to withhold from any payments made hereunder
such amounts for income tax, social security, unemployment compensation and
other taxes as shall be necessary or appropriate to comply with applicable laws
and regulations.

         10. Notwithstanding any other provision of this Plan and Agreement to
the contrary (except for the last sentence of paragraph 1 of this Article V) and
notwithstanding any elections made by the Executive, subject to the last
sentence of paragraph 1 of this Article V the Executive may require the
immediate distribution to the Executive of all or a portion of the vested
balances in the Accounts less any amounts required by paragraph 9 of this
Article V and subject to a penalty equal to ten percent (10%) of the amount to
be distributed pursuant to this paragraph (prior to withholding required by
paragraph 9). Such penalty amount shall be deemed forfeited and no longer
payable to the Executive.

                                      -5-
<PAGE>

                              Article VI. Hardship

         The Employer may, in its sole discretion, distribute all or a portion
of the vested balances in the Accounts to the Executive upon a demonstration by
the Executive of an immediate and heavy financial need. The amount of any
distribution made pursuant to this Article VI shall be limited to the amount
necessary to satisfy such financial need.

                        Article VII. Death and Disability

         1. Notwithstanding any other provision of this Plan and Agreement to
the contrary and notwithstanding any elections made by the Executive, in the
event of the Executive's death prior to the payment of all of the vested
balances in the Accounts the Employer shall pay all remaining vested balances in
the Accounts, not later than 30 days following the Executive's death, in one
lump-sum to the beneficiary or beneficiaries designated by the Executive in a
writing filed by the Executive with the Employer or, in the absence of such a
beneficiary designation, to the Executive's estate.

         2. Notwithstanding any other provision of this Plan and Agreement to
the contrary and notwithstanding any elections made by the Executive, in the
event of the Executive's disability prior to the payment of all of the vested
balances in the Accounts, the Employer shall pay all remaining vested balances
in the Accounts in one lump-sum to the Executive not later than 30 days
following the Executive's disability.

                         Article VIII. Claims Procedures

         1. At any time the Employer makes a determination adverse to the
Executive or his beneficiary with respect to a claim for payment, the Employer
shall notify the claimant in writing of such determination, setting forth:

                  (a)      the specific reason for such determination;

                  (b)      a reference to the specific provision or provisions
                           of this Plan on which such determination is based;

                  (c)      a description of any additional material or
                           information necessary to perfect the claim, and an
                           explanation of the reason that such material is
                           required; and

                  (d)      an explanation of the rights and procedures set forth
                           in this Article VIII.

                                      -6-
<PAGE>

         2. A person who receives notice of an adverse determination by the
Employer with respect to a claim may request, within 60 days of receipt of such
notice, that the Employer review its determination. This request may be made on
behalf of a claimant by a duly authorized representative. The claimant or
representative may review pertinent documents and submit issues and comments
with respect to the controversy to the Employer. The Employer shall render a
decision within 60 days of a request for review (or within 120 days under
special circumstances), which decision shall be in writing and shall set forth
the specific reasons for the decision reached and the specific provisions of
this Plan and Agreement on which the decision is based. A copy of the ruling
shall be forwarded to the claimant.

                            Article IX. Miscellaneous

         1. Benefits provided in this Plan and Agreement will not be subject to
garnishment, attachment, or assignment, or any other legal process by creditors
of the Executive or any person or persons designated as beneficiaries of this
Plan and Agreement or any other payee of the benefits provided herein, except as
specifically provided herein.

         2. The Executive and his beneficiaries shall have the status of
unsecured creditors of the Employer and this Plan and Agreement constitutes a
mere promise by the Employer to make benefit payments as required by Articles V,
VI and VII.

         3. This Plan and Agreement creates no rights in the Executive to
continue in the employment of the Employer for any length of time, nor does it
create any rights in the Executive or his beneficiaries nor any obligations on
the part of the Employer, other than those specifically provided herein.

         4. This Plan and Agreement shall be binding upon and inure to the
benefit of the Employer, its successors and assigns, and the Executive, his
heirs, executors, administrators and legal representatives.

         5. The waiver by any party of any provision of this Plan and Agreement
on any occasion shall not be deemed to be a further or continuing waiver of any
such provision.

         6. Written notices which the Executive must provide to the Employer
under this Plan and Agreement (including, but not limited to, investment
directions, benefit distribution elections and beneficiary designations) shall
be addressed to the Employer at: 4000 Hollywood Boulevard, Presidential Circle -
Suite 650N, Hollywood, Florida 33021; Attention: Treasurer.

         7. This Plan and Agreement shall be governed by, construed and enforced
in accordance with the laws of the State of Florida without giving effect to
principles governing choice of law.

         8. This Plan and Agreement may be terminated or amended only by a
writing signed by both of the parties hereto.

                                      -7-
<PAGE>

         IN WITNESS WHEREOF, this Plan and Agreement has been duly executed by
the Employer and by the Executive as of the day and year first above written.

Witness:                                  CONCORD CAMERA CORP.

   /s/ Diane L. Micciche                  By:    /s/  Ira B. Lampert
-----------------------------------          -----------------------------------
                                               Ira B. Lampert
                                               Chairman, Chief Executive Officer
                                               and President

Witness:

   /s/ Margaret K. Lombardo                      /s/  Richard M. Finkbeiner
-----------------------------------       --------------------------------------
                                           RICHARD M. FINKBEINER

                                      -8-

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