Document:

exv10w1wb

Exhibit 10.1(b)

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

This FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (“First Amendment”), is by and between THE
BON-TON STORES, INC., a Pennsylvania corporation (the “Company”), and STEPHEN BYERS (“Employee”).

W I T N E S S E T H:

WHEREAS, the Company and Employee entered into an Employment Agreement dated as of June 28,
2006 (“Agreement”) with respect to the employment of Employee as the Company’s Executive Vice
President, CPS Stores;

WHEREAS, Employee has been promoted to the position of Vice Chairman, Stores, Operations,
Private Brand, Merchandise Planning and Allocation;

WHEREAS, the Human Resources and Compensation Committee (“HRCC”) of the Company’s Board of
Directors (“Board”) and the Company’s Board have approved certain modifications to the Agreement as
modified by this First Amendment; and

WHEREAS, capitalized terms used but not defined herein shall have the meanings ascribed
thereto in the Agreement.

NOW THEREFORE, in consideration of the mutual promises and covenants contained herein and
intending to be legally bound hereby, the Company and Employee agree as follows:

Section 1. Position and Responsibilities. Effective as of October 2, 2006,
the Company has promoted Employee to the position of Vice Chairman, Stores, Operations, Private
Brand, Merchandise Planning and Allocation, and Employee accepts such position on the terms and
conditions set forth in this First Amendment. Employee shall have the responsibilities as
determined by the President and Chief Executive Officer and/or the Board and shall report either to
the President and Chief Executive Officer or such other direct report of the President and Chief
Executive as the President and Chief Executive Officer and/or Board may designate.

Section 2. Base Salary. Effective as of October 2, 2006, Employee’s
annualized Base Salary shall be increased to Five Hundred Twenty-Five Thousand Dollars ($525,000).

Section 3. Annual Bonus. Amendment of Paragraph 4(b) of the
Agreement. The following is substituted for Paragraph 4(b) of the Agreement:

“4(b). Annual Bonus.

(i) Employee will participate in The Bon-Ton Stores, Inc. Cash Bonus Plan
(“Cash Bonus Plan”) in accordance with its terms and conditions as it may be
amended in accordance with its provisions, or a similar plan, program or
practice. The HRCC shall retain discretion with respect to any such bonuses
as is provided under the terms of the Cash Bonus Plan. To the extent
reasonably practicable, the bonus shall be computed within 90 days following
the close of the Company’s fiscal year and paid within 30 days of its
computation. Employee must be employed on the last day of the Company’s
fiscal year to receive a bonus.

 

 

 

(ii) For the fiscal year of the Company beginning January 29, 2006 (“Current
Fiscal Year”), Employee’s bonus eligibility shall be calculated on a pro
rata basis, based upon the date of his promotion to the position of Vice
Chairman, Stores, Operations, Private Brand, Merchandise Planning and
Allocation, as follows:

(A) For the period through October 1, 2006, Employee shall be
eligible for a bonus with the following parameters: a threshold
bonus of 33.75% of Employee’s Base Salary in effect at the end of the
Current Fiscal Year; a target bonus of 45% of Employee’s Base Salary
in effect at the end of the Current Fiscal Year; and a maximum bonus
of 67.5% of Employee’s Base Salary in effect at the end of the
Current Fiscal Year.

(B) For the period commencing October 2, 2006, Employee shall be
eligible for a bonus with the following parameters: a threshold
bonus of 56.25% of Employee’s Base Salary in effect at the end of the
Current Fiscal Year; a target bonus of 75% of Employee’s Base Salary
in effect at the end of the Current Fiscal Year; and a maximum bonus
of 112.5% of Employee’s Base Salary in effect at the end of the
Current Fiscal Year.

(C) If earned, one bonus will be paid, based upon provisions of
subsections (A) and (B) above, depending upon the level of
achievement with respect to the performance measures determined by
the HRCC.

(iii) For fiscal years of the Company subsequent to the Current Fiscal Year
during the Term of this Agreement, Employee shall be eligible to earn a
bonus, with the following parameters: a threshold bonus of 56.25% of
Employee’s Base Salary; a target bonus of 75% of Employee’s Base Salary; and
a maximum bonus of 112.5% of Employee’s Base Salary. If earned, one bonus
will be paid depending upon the level of achievement with respect to the
performance measures determined by the HRCC.”

Section 4. Long Term Incentive Plan. Amendment of Paragraph 4(c) of the
Agreement. The following is substituted for Paragraph 4(c) of the Agreement:

“4(c). Long Term Incentives

(i) Restricted Share Grant. On October 2, 2006, Employee received,
under The Bon-Ton Stores, Inc. Amended and Restated 2000 Stock Incentive and
Performance-Based Award Plan (“Stock Incentive Plan”), a one time grant of
5,250 restricted shares of the Company’s Common Stock (“Restricted Shares”).
Employee’s ownership of these Restricted Shares shall vest on October 2,
2009 provided that Employee is continuously employed by the Company through
October 2, 2009.

 

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(ii) On October 2, 2006, Employee received, under the Stock Incentive Plan,
a one time grant of options to purchase 21,500 shares of the Company’s
Common Stock at a purchase price equal to the fair market value of the stock
on October 2, 2006 (“Options”). The Options shall vest ratably, provided
that Employee is continuously employed by the Company on each respective
date, in three installments as follows: 7,166 shares on October 2, 2007;
7,167 shares on October 2, 2008; and 7,167 shares on October 2, 2009.

(iii) Employee may receive grants of restricted shares or options in the
future in the discretion of the Company.”

Section 5. Resignation for “Good Reason.” The following shall apply in lieu
of Paragraph 8(b)(i) of the Agreement:

Employee may resign for “Good Reason,” defined below, upon 30 days’ written
notice by Employee to the Company except as set forth in Paragraph 8(c) of
the Agreement. The Company may waive Employee’s obligation to work during
this 30 day notice period and terminate his employment immediately, but if
the Company takes this action in the absence of agreement by Employee,
Employee shall receive the salary that otherwise would be due through the
end of the notice period. For purposes of this Agreement, “Good Reason”
shall mean any of the following: (A) the Company’s transfer of Employee to
a position below
the level of an Executive Vice President; (B) the reduction of Employee’s
annualized Base Salary to an amount that is less than Four Hundred
Twenty-Five Thousand Dollars ($425,000); (C) the reduction of Employee’s
threshold bonus potential below 33.75%, Employee’s target bonus potential
below 45% or Employee’s maximum bonus potential below 67.5%; (D) any
required relocation from the Milwaukee, Wisconsin area; or (E) any other
substantial breach of any material provision of the Agreement as modified by
this First Amendment. The parties agree that any changes in Employee’s
position, Base Salary or bonus potential that do not constitute “Good
Reason” under (A), (B) or (C) of this subsection shall not be deemed to be a
breach of the Agreement or of this First Amendment for any purpose. It is
understood that the acts or omissions referenced above shall not constitute
“Good Reason” unless the Employee provides the Company with written notice
detailing the matters he asserts to be “Good Reason” that the Company does
not cure within thirty (30) days of receiving the written notice.

 

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Section 6. Term of Agreement; Effective Date of this First Amendment. Amendment
of Paragraph 2 of the Agreement.

(a) This First Amendment is effective as of October 2, 2006.

(b) In all other respects, Paragraph 2 of the Agreement shall remain in effect.

Section 7. Controlling Law. This First Amendment and all questions relating
to its validity, interpretation, performance and enforcement (including, without limitation,
provisions concerning limitations of actions), shall be governed by and construed in accordance
with the laws of the Commonwealth of Pennsylvania, notwithstanding any conflict-of-laws doctrines
of
such state or any other jurisdiction to the contrary, and without the aid of any canon, custom or
rule of law requiring construction against the draftsman.

Section 8. Execution in Counterparts. This First Amendment may be executed
in any number of counterparts, each of which shall be deemed to be an original against any party
whose signature appears thereon, and all of which shall together constitute one and the same
instrument. This First Amendment shall become binding when one or more counterparts hereof,
individually or taken together, shall bear the signatures of all of the parties hereto.

Section 9. Effect of First Amendment. Except as may be affected by this
First Amendment, all of the provisions of the Agreement, as amended hereby, shall continue in full
force and effect. The provisions of this First Amendment shall not constitute a waiver or
modification of any terms or conditions of the Agreement other than as expressly set forth herein.

IN WITNESS WHEREOF, the parties hereto, intending to be legally bound, have duly executed and
delivered this Agreement, in Pennsylvania.

	 	 	 	 	 	 	 	 	 
	THE BON-TON STORES, INC.	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	By:	 	/s/ BYRON BERGREN	 	 	 	12/20/06	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	Byron Bergren
	 	 	 	Date	 	 
	 

	 	President and Chief Executive Officer	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	/s/ STEPHEN BYERS	 	 	 	12/12/06	 	 
	 	 	 	 	 	 	 
	Stephen Byers	 	 	 	Date	 	 

 

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    EXHIBIT 4.3

      REGISTRATION
RIGHTS
AGREEMENT

       

      THIS AGREEMENT is made as of
this ___ day of February, 2008, by and between Hybrook Resources Corp., a Nevada
corporation (the ¡¡ãCompany¡¡À), and the
purchasers of the Company¡ ̄s Units identified in Exhibit A attached hereto
(each, ¡¡ãStockholder,¡¡À and
collectively, the ¡¡ãStockholders¡¡À),
pursuant to the Company¡ ̄s Confidential Private Placement Memorandum originally
dated January 3, 2008 as supplemented (the ¡¡ãMemorandum¡¡À)and
pursuant to their separate Subscription Agreements made with the Company
(collectively, the ¡¡ãSubscription
Agreements¡¡À).  In order to induce the Stockholders to enter
into the Subscription Agreements, the Company has agreed to provide to the
Stockholders and their direct and indirect transferees and assigns the
registration rights set forth in this Agreement.

       

      NOW THEREFORE, in
consideration of the mutual covenants contained herein and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

       

      1.           Registration
Rights.

       

      (a)           Grant of Registration
Rights.  The Company agrees to use its best efforts to file a
Registration Statement (¡¡ãRegistration
Statement¡¡À)under the Securities Act of 1933, as amended (the ¡¡ãSecurities Act¡¡À),
that will register all of the shares of (i) the Company¡ ̄s common stock included
in the Units and, (ii) the Company¡ ̄s Series A Preferred Stock included in the
Units, which Units have been issued to the Stockholder by the Company through
the Offering described in the Memorandum (the (¡¡ãRegistrable
Securities¡¡À)within 60 days following the Closing of the Offering
(¡¡ãClosing
Date¡¡À).  The Company further agrees to use its reasonable best
efforts to have the Registration Statement declared effective within 180 days of
its initial filing date.

       

      (b)           Additional Registration
Statements.  In the event the Company is unable for any reason
to register all of the Registrable Securities, including but not limited to an
SEC interpretation of Rule 415 as to the amount of securities eligible in any
one offering, the Company agrees to file a subsequent registration statement
within a reasonable time frame and delay, and as many registration statements as
are necessary to fulfill and accomplish the registration rights granted to
Stockholder as contained in section 1(a).

       

      (c)           Maintenance of Registration
Statement.  The Company will maintain the effectiveness of the
Registration Statement filed hereunder from its effective date through and until
24 months after the Closing Date, unless all Registrable Securities have been
sold or are otherwise able to be sold pursuant to Rule 144, at which time the
Company will no longer be required to maintain the Registration Statement
further.

       

      (d)           Liquidated
Damages.  In the event that the Company is not able to file the
Registration Statement within 90 days of the Closing Date or fails to use its
best efforts to have the Registration Statement declared effective, the Company
shall pay to Stockholder as liquidated damages an amount equal to 0.5% of the
Stockholders¡ ̄ investment, payable in cash or Common Stock valued at the
original purchase price for the Common Stock, in the discretion of the Company,
up to a maxi mum of 6% of the Stockholders¡ ̄ investment, for each month the
Company continues to be in violation of this provision.

       

      2.           Registration
Procedures.  The Company shall use its best efforts to
effectuate the registration and the sale of such Registrable Securities, and
pursuant thereto the Company shall as expeditiously as possible:

       

      (a)           prepare
and file with the SEC a Registration Statement with respect to such Registrable
Securities and use all commercially reasonable efforts to cause such
Registration Statement to become effective;

       

      (b)           notify
the Stockholder of the effectiveness of the Registration Statement filed
hereunder and prepare and file with the SEC such amendments and supplements to
such Registration Statement and the prospectus used in connection therewith as
may be necessary to keep such Registration Statement effective;

       

      (c)           furnish
to the Stockholder such number of copies of the Registration Statement, each
amendment and supplement thereto, the prospectus included in the Registration
Statement (including each preliminary prospectus) and such other documents as
the Stockholder may reasonably request in order to facilitate the disposition of
the Registrable Securities owned by the Stockholder;

       

      (d)           notify
the Stockholder, at any time when a prospectus relating thereto is required to
be delivered under the Securities Act, of the happening of any event as a result
of which the prospectus included in such Registration Statement contains an
untrue statement of a material fact or omits any fact necessary to make the
statements therein not misleading, and, at the request of the Stockholder, the
Company shall prepare a supplement or amendment to such prospectus so that, as
thereafter delivered to the purchasers of such Registrable Securities, such
prospectus shall not contain an untrue statement of a material fact or omit to
state any fact necessary to make the statements therein not
misleading;

       

      (e)           in
the event of the issuance of any stop order suspending the effectiveness of a
Registration Statement, or of any order suspending or preventing the use of any
related prospectus or suspending the qualification of any common stock included
in such Registration Statement for sale in any jurisdiction, the Company shall
use its best efforts promptly to obtain the withdrawal of such
order;

       

      3.           Registration
Expenses.  All expenses incident to the Company¡ ̄s performance
of or compliance with this Agreement, including without limitation all
registration and filing fees, fees and expenses of compliance with securities or
blue sky laws, printing expenses, messenger and delivery expenses, fees and
disbursements of custodians, fees and disbursements of counsel for the Company
and all independent certified public accountants (all such expenses being herein
called ¡¡ãRegistration
Expenses¡¡À) shall be borne by the Company. The Stockholder will pay any
commissions or other fees payable to brokers or dealers in connection with any
sale of the Registrable Securities.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      4.           Indemnification.

       

      (a)           The
Company agrees to indemnify, to the extent permitted by l aw, the Stockholder,
its stockholders, members, managers, officers and directors and each person who
controls the Stockholder (within the meaning of the Securities Act) against all
losses, claims, damages, liabilities and expenses caused by any untrue or
alleged untrue statement of material fact contained i n any Registration
Statement, prospectus or preliminary prospectus or any amendment thereof or
supplement thereto or any omission or alleged omission of a material fact
required to be stated therein or necessary to make the statements therein not
misleading, except insofar as the same are caused by or contained in any
information furnished to the Company by the Stockholder.

       

      (b)           In
connection with any Registration Statement in which the Stockholder is
participating, the Stockholder shall furnish to the Company in writing such
information and affidavits as the Company reasonably requests for use in
connection with any such Registration Statement or prospectus and, to the extent
permitted by law, shall indemnify the Company, its directors and officers and
each person who controls the Company (within the meaning of the Securities Act)
against any losses, claims, damages, liabilities and expenses resulting from any
untrue or alleged untrue statement of material fact contained in the
Registration Statement, prospectus or preliminary prospectus or any amendment
thereof or supplement thereto or any omission or alleged omission of a material
fact required to be stated therein or necessary to make the statements therein
not misleading, but only to the extent that such untrue statement or omission is
contained in any information or affidavit so furnished in writing by the
Stockholder.

       

      (c)           Any
person entitled to indemnification hereunder shall (i) give prompt written
notice to the indemnifying party of any claim with respect to which it seeks
indemnification (provided that the failure to give prompt notice shall not
impair any person¡ ̄s right to indemnification hereunder to the extent such
failure has not prejudiced the indemnifying party) and (ii) unless in such
indemnified party¡ ̄s reasonable judgment a conflict of interest between such
indemnified and indemnifying parties may exist with respect to such claim,
permit such indemnifying party to assume the defense of such claim with counsel
reasonably satisfactory to the indemnified party. If such defense is assumed,
the indemnifying party shall not be subject to any liability for any settlement
made by the indemnified party without its consent (but such consent shall not be
unreasonably withheld, conditioned or delayed). An indemnifying party who is not
entitled to, or elects not to, assume the defense of a claim shall not be
obligated to pay the fees and expenses of more than one counsel for all parties
indemnified by such indemnifying party with respect to such claim, unless in the
reasonable judgment of any indemnified party a conflict of interest may exist
between such indemnified party and any other of such indemnified parties with
respect to such claim.

       

      (d)           The
indemnification provided for under this Agreement shall remain in full force and
effect regardless of any investigation made by or on behalf of the indemnified
party or any officer, director or controlling person of such indemnified party
and shall survive the transfer of securities. The Company also agrees to make
such provisions, as are reasonably requested by any indemnified party, for
contribution to such party in the event the Company¡ ̄s indemnification is
unavailable for any reason.

       

      5.           Miscellaneous.

       

      (a)           This
Agreement and the Subscription Agreement of even date submitted herewith between
the Company and Stockholder embody the complete agreement and understanding
among the parties and supersede and preempt any prior understandings, agreements
or representations by or among the parties, written or oral, which may have
related to the subject matter hereof i n any way.

       

      (b)           Any
person having rights under any provision of this Agreement shall be entitled to
enforce such rights specifically to recover damages caused by reason of any
breach of any provision of this Agreement and to exercise all other rights
granted by law. The parties hereto agree and acknowledge that money damages may
not be an adequate remedy for any breach of the provisions of this Agreement and
that any party may in its sole discretion apply to any court of law or equity of
competent jurisdiction (without posting any bond or other security) for specific
performance and for other injunctive relief in order to enforce or prevent
violation of the provisions of this Agreement.

       

      (c)           The
provisions of this Agreement may be amended or waived only upon the prior
written consent of the Company and the Stockholder.

       

      (d)           All
covenants and agreements in this Agreement by or on behalf of any of the parties
hereto shall bind and inure to the benefit of the respective successors and
assigns of the parties hereto whether so expressed or not. Notwithstanding the
foregoing, however, this Agreement is not assignable without the prior written
consent of both parties hereto.

       

      (e)           Whenever
possible, each provision of this Agreement shall be interpreted in such manner
as to be effective and valid under applicable law, but if any provision of this
Agreement is held to be prohibited by or invalid under applicable law, such
provision shall be ineffective only to the extent of such prohibition or
invalidity, without invalidating the remainder of this Agreement.

       

      (f)           This
Agreement may be executed simultaneously in two or more counterparts, any one of
which need not contain the signatures of more than one party, but all such
counterparts taken together shall constitute one and the same
Agreement.

       

      (g)           The
descriptive headings of this Agreement are inserted for convenience only and do
not constitute a part of this Agreement.

       

      (h)           The
corporate law of Nevada shall govern all issues and questions concerning the
relative rights of the Company and its stockholders. All other issues and
questions concerning the construction, validity, interpretation and enforcement
of this Agreement shall be governed by, and construed in accordance with, the
laws of the Nevada, without giving effect to any choice of law or conflict of
law rules or provisions (whether of Nevada law or any other jurisdiction) that
would cause the application of the laws of any jurisdiction other than the
Nevada. Any dispute arising out of or relating to this Agreement shall be
resolved in the state or federal courts sited in Clark County, Nevada to the
exclusion of all other venues and the parties hereby irrevocably consent to the
personal jurisdiction of said courts in connection with any such
dispute.

       

      (i)           All notices, demands or other
communications to be given or delivered under or by reason of the provisions of
this Agreement shall be in writing and shall be deemed to have been given when
delivered personally to the recipient, sent to the recipient by reputable
overnight courier service (charges prepaid) or mailed to the recipient by
certified or registered mail, return receipt requested and postage prepaid. Such
notices, demands and other communications shall be sent to the following
addresses:

       

      Hybrook
Resources Corp.

      1010
Lamar Street, Suite 1200

      Houston,
Texas 77022

      Attention:
Larry Hargrave (CEO)

       

      With
copies to:

       

      Cane
Clark LLP

      3273 E. W
arm Springs, Rd.

       

      Las
Vegas, NV

       

      Attention:
Bryan Clark

       

      Stockholder:

      At the
address provided below

       

      or to
such other address or to the attention of such other person as the recipient
party has specified by prior written notice to the sending party.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN WITNESS WHEREOF, the
parties have executed this Agreement as of the date first written
above.

       

       

      HYBROOK
RESOURCES CORP.

       

      By:

       

      Name:   Larry
Hargrave

       

      Title:   CEO

       

      STOCKHOLDER

       

      By:

       

      Name:

       

      Title:

       

       

      
        	
                 
      

              	
                Address:

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