Document:

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                                                                   EXHIBIT 10.19

                              CONCORD CAMERA CORP.

                                 INCENTIVE PLAN

          (Composite Conformed Copy, as amended through April 24, 2000)

      (Where appropriate, numbers have been adjusted for the March 27, 2000
                                  stock split)

I.       Purpose

         The purpose of the Concord Camera Corp. Long-Term Incentive Plan (the
"Plan") is to attract and retain and provide incentives to employees, officers,
directors and consultants of the Corporation, and to thereby increase overall
shareholders' value. The Plan generally provides for the granting of stock,
stock options, stock appreciation rights, restricted shares or any combination
of the foregoing to the eligible participants.

II.      Definitions

         (a) "Award" includes, without limitation, stock options (including
incentive stock options within the meaning of Section 422(b) of the Code) with
or without stock appreciation rights, dividend equivalent rights, stock awards,
restricted share awards, or other awards that are valued in whole or in part by
reference to, or are otherwise based on, the Common Stock ("other Common
Stock-based Awards"), all on a stand alone, combination or tandem basis, as
described in or granted under this Plan.

         (b) "Award Agreement" means a written agreement setting forth the terms
and conditions of each Award made under this Plan.

         (c)  "Board" means the Board of Directors of the Corporation.

         (d) "Code" means the Internal Revenue Code of 1986, as amended from
time to time.

         (e) "Committee" means the Compensation Committee of the Board or such
other committee of the Board as may be designated by the Board from time to time
to administer this Plan the members of which shall consist solely of members of
the Board who are "disinterested persons" within the meaning of Rule 16b-3 of
the Exchange Act and are "outside directors" for purposes of Code Section
162(m)(4)(C) of the Code.

         (f)  "Common Stock" means the no par value common stock of the
Corporation.

         (g)  "Corporation" means Concord Camera Corp., a New Jersey
corporation.

         (h)  "Employee" means an employee of the Corporation or a Subsidiary.

         (i)  "Exchange Act" means the Securities Exchange Act of 1934, as
amended.
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         (j) "Fair Market Value" means the closing price for the Common Stock as
officially reported on the relevant date (or if there were no sales on such
date, on the next preceding date on which such closing price was recorded) by
the principal national securities exchange on which the Common Stock is listed
or admitted to trading, or, if the Common Stock is not listed or admitted to
trading on any such national securities exchange, the closing price as furnished
by the National Association of Securities Dealers through NASDAQ or a similar
organization if NASDAQ is no longer reporting such information, or, if the
Common Stock is not quoted on NASDAQ, as determined in good faith by resolution
of the Board (whose determination shall be conclusive), based on the best
information available to it.

         (k) "Participant" means an Employee, officer, director or consultant
who has been granted an Award under the Plan.

         (l) "Plan Year" means a twelve-month period beginning with July 1 of
each year.

         (m) "Subsidiary" means any corporation or other entity, whether
domestic or foreign, in which the Corporation has or obtains, directly or
indirectly, a proprietary interest of more than 50% by reason of stock ownership
or otherwise.

III.     Eligibility

                  Any Employee, officer, director or consultant of the
Corporation or Subsidiary selected by the Committee is eligible to receive an
Award.

IV.      Plan Administration

         (a) Except as otherwise determined by the Board, the Plan shall be
administered by the Committee. The Board, or the Committee to the extent
determined by the Board, shall periodically make determinations with respect to
the participation of Employees, officers, directors and consultants in the Plan
and, except as otherwise required by law or this Plan, the grant terms of
Awards, including vesting schedules, price, restriction or option period,
dividend rights, post-retirement and termination rights, payment alternatives
such as cash, stock, contingent awards or other means of payment consistent with
the purposes of this Plan, and such other terms and conditions as the Board or
the Committee deems appropriate which shall be contained in an Award Agreement
with respect to a Participant.

         (b) The Committee shall have authority to interpret and construe the
provisions of the Plan and any Award Agreement and make determinations pursuant
to any Plan provision or Award Agreement which shall be final and binding on all
persons. No member of the Committee shall be liable for any action or
determination made in good faith, and the members shall be entitled to
indemnification and reimbursement in the manner provided in the Corporation's
Certificate of Incorporation, as it may be amended from time to time.

         (c) The Committee  shall have the authority at any time to provide for
the  conditions  and  circumstances under which Awards shall be forfeited.

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V.        Capital Stock Subject to the Provisions of this Plan

         (a) The capital stock subject to the provisions of this Plan shall be
shares of authorized but unissued Common Stock and shares of Common Stock held
as treasury stock. Subject to adjustment in accordance with the provisions of
Section X, and subject to Section V(c) below, the total number of shares of
Common Stock available for grants of Awards shall not exceed 6,000,000.

         (b) Any shares ceasing to be subject to an option because of the
surrender of such option in lieu of exercise shall become again available for
Awards under the Plan. The grant of a restricted share Award shall be deemed to
be equal to the maximum number of shares which may be issued under the Award.
Awards payable only in cash will not reduce the number of shares available for
Awards granted under the Plan.

         (c) There shall be carried forward and be available for Awards under
the Plan, in addition to shares available for grant under paragraph (a) of this
Section V, all of the following: (i) any unused portion of the limit set forth
in paragraph (a) of this Section V; (ii) shares represented by Awards which are
cancelled, forfeited, surrendered, terminated, paid in cash or expire
unexercised; and (iii) the excess amount of variable Awards which become fixed
at less than their maximum limitations.

VI.      Awards Under This Plan

         (a) Discretionary Awards. As the Board or Committee may determine, the
following types of Awards and other Common Stock-based Awards may be granted
under this Plan on a stand alone, combination or tandem basis:

                  (i) Stock Option. A right to buy a specified number of shares
of Common Stock at a fixed exercise price during a specified time, all as the
Committee may determine; provided that the exercise price of any option shall
not be less than 100% of the Fair Market Value of the Common Stock on the date
of grant of the Award.

                  (ii) Incentive Stock Option. An Award in the form of a stock
option which shall comply with the requirements of Section 422 of the Code or
any successor section as it may be amended from time to time. Subject to
adjustment in accordance with the provisions of Section X, the aggregate number
of shares which may be subject to incentive stock option Awards under this Plan
shall not exceed 6,000,000 shares, subject to Section V above. To the extent
that Section 422 of the Code requires certain provisions to be set forth in a
written plan, said provisions are incorporated herein by this reference.

                  (iii) Stock Appreciation Right. A right contained in the grant
of a stock option or incentive stock option to receive the excess of the Fair
Market Value of a share of Common Stock on the date the option is surrendered
over the option exercise price contained in the Award Agreement.

<PAGE>

                  (iv)  Restricted  Shares.  A transfer  of Common  Stock to a
Participant  subject to  forfeiture until such restrictions, terms and
conditions as the Committee may determine are fulfilled.

                  (v) Dividend or Equivalent. A right to receive dividends or
their equivalent in value in Common Stock, cash or in a combination of both with
respect to any new or previously existing Award.

                  (vi) Stock Award. An unrestricted transfer of ownership of
Common Stock which may only be made to Employees other than Employees who are
officers or directors of the Corporation for purposes of Section 16 of the
Exchange Act.

                  (vii) Other Stock-Based Awards. Other Common Stock-based
Awards which are related to or serve a similar function to those Awards set
forth in this Section VI(a).

         (b) Formula Awards. Each member of the Board who is not, on the date on
which any option is to be granted pursuant to this paragraph (b) to such member,
an Employee (a "Non-Employee Director") shall be granted stock options (which
shall not comply with the requirements of Section 422 of the Code) in accordance
with the following formula: (i) a stock option to acquire 20,000 (40,000 if the
Grant Date occurred after March 27, 2000) shares of Common Stock shall be
granted on the Grant Date (defined below) at the Exercise Price (defined below)
which option shall become exercisable as to 4,000 (8,000 if the Grant Date
occurred after March 27, 2000) shares on the January 1 next following the Grant
Date and as to an additional 4,000 (8,000 if the Grant Date occurred after March
27, 2000) shares on each January 1 thereafter through the fourth such January 1
and (ii) a stock option to acquire 6,500 (13,000 if the Grant Date occurred
after March 27, 2000) shares of Common Stock shall be granted on the Grant Date
and on each anniversary thereof at the Exercise Price which options shall be
exercisable immediately upon grant. [Prior to April 22, 1999 the annual grant
provided for in clause (ii) of the preceding sentence was for 1,000 shares of
common stock.] Notwithstanding the foregoing, commencing with the 1994 calendar
year, in the event a Non-Employee Director fails to attend at least 75% of the
Board meetings in any calendar year, such person shall automatically forfeit his
right to exercise that portion of the option provided for in clause (i) above
that would have otherwise become exercisable on the next following January 1
which portion shall cease to be of any force or effect. For purposes of this
Section VI(b), "Grant Date" shall mean (x) November 29, 1993, with respect to
each Non-Employee Director serving in such capacity on such date and (y) the
date of his election to the Board after November 29, 1993, with respect to each
Non-Employee Director who was not serving in such capacity on November 29, 1993,
and "Exercise Price" shall mean (x) the Fair Market Value of the Common Stock on
the respective Grant Dates with respect to each option granted pursuant to
clause (i) above and (y) the Fair Market Value of the Common Stock on each date
of grant with respect to options granted pursuant to clause (ii) above. Options
granted pursuant to this Section VI(b) shall expire and cease to be of any force
or effect on the earlier of the fifth anniversary of the date any such option
was granted or the first anniversary of the date on which an optionee ceases to
be a member of the Board.

<PAGE>

VII.      Award Agreements

         Each Award under the Plan shall be evidenced by an Award Agreement
setting forth the terms and conditions of the Award and executed by the
Corporation and Participant.

VIII.    Other Terms and Conditions

         (a) Assignability. Unless provided to the contrary in any Award, no
Award shall be assignable or transferable except by will, by the laws of descent
and distribution and, during the lifetime of a Participant, the Award shall be
exercisable only by such Participant. Notwithstanding the foregoing, options
granted pursuant to the Plan which are not intended to qualify as Incentive
Stock Options may be assigned to or otherwise transferred by the Optionee to
family members of the Optionee or trusts or partnerships in which the
participants or beneficiaries are limited to the Optionee and/or such family
members; provided, however, that as so transferred or assigned, all provisions
of any such option, including provisions relating to forfeiture and vesting,
shall continue in full force and effect.

         (b) Termination of Employment. The Committee shall determine the
disposition of the grant of each Award in the event of the retirement,
disability, death or other termination of a Participant's employment or other
relationship with the Corporation or a Subsidiary.

         (c) Rights as a Stockholder. A Participant shall have no rights as a
stockholder with respect to shares covered by an Award until the date the
Participant is the holder of record. No adjustment will be made for dividends or
other rights for which the record date is prior to such date.

         (d) No  Obligation  to Exercise.  The grant of an Award shall impose no
obligation  upon the  Participant to exercise the Award.

         (e) Payments by Participants. The Committee may determine that Awards
for which a payment is due from a Participant may be payable: (i) in U.S.
dollars by personal check, bank draft or money order payable to the order of the
Corporation, by money transfers or direct account debits; (ii) through the
delivery or deemed delivery based on attestation to the ownership of shares of
Common Stock with a Fair Market Value equal to the total payment due from the
Participant; (iii) pursuant to a broker-assisted "cashless exercise" program if
established by the Corporation; (iv) by a combination of the methods described
in (i) through (iii) above; or (v) by such other methods as the Committee may
deem appropriate.

         (f) Withholding. Except as otherwise provided by the Committee, (i) the
deduction of withholding and any other taxes required by law will be made from
all amounts paid in cash and (ii) in the case of payments of Awards in shares of
Common Stock, the Participant shall be required to pay the amount of any taxes
required to be withheld prior to receipt of such stock, or alternatively, a
number of shares the Fair Market Value of which equals the amount required to be
withheld may be deducted from the payment.

<PAGE>

         (g) Restrictions on Sale and Exercise. With respect to officers and
directors for purposes of Section 16 of the Exchange Act, and if required to
comply with rules promulgated thereunder, (i) no Award providing for exercise, a
vesting period, a restriction period or the attainment of performance standards
shall permit unrestricted ownership of Common Stock by the Participant for at
least six months from the date of grant, and (ii) Common Stock acquired pursuant
to this Plan (other than Common Stock acquired as a result of the granting of a
"derivative security") may not be sold for at least six months after
acquisition.

         (h)  Maximum  Awards.  The  maximum  number of shares of  Common  Stock
that may be issued to any  single Participant pursuant to options under this
Plan is 4,000,000.

IX.      Termination, Modification and Amendments

         (a) The Plan may from time to time be terminated, modified or amended
by the affirmative vote of the holders of a majority of the outstanding shares
of the capital stock of the Corporation present or represented and entitled to
vote at a duly held stockholders meeting.

         (b) The Board may at any time terminate the Plan or from time to time
make such modifications or amendments of the Plan as it may deem advisable;
provided, however, that the Board shall not make any material amendments to the
Plan without the approval of at least the affirmative vote of the holders of a
majority of the outstanding shares of the capital stock of the Corporation
present or represented and entitled to vote at a duly held stockholders meeting.

         (c) No termination, modification or amendment of the Plan may adversely
affect the rights conferred by an Award without the consent of the recipient
thereof.

         (d) Notwithstanding anything to the contrary contained herein, the
provisions of Section VI(b) may not be amended more than once every six months
other than to comport with changes in the Code, the Employee Retirement Income
Security Act, or the rules thereunder.

X.       Recapitalization

         The aggregate number of shares of Common Stock as to which Awards may
be granted to Participants, the number of shares thereof covered by each
outstanding Award and by each option award granted or to be granted in
accordance with the formula set forth in paragraph (b) of Section VI hereof, and
the price per share thereof in each such Award, shall all be proportionately
adjusted for any increase or decrease in the number of issued shares of Common
Stock resulting from a subdivision or consolidation of shares or other capital
adjustment, or the payment of a stock dividend or other increase or decrease in
such shares, effected without receipt of consideration by the Corporation, or
other change in corporate or capital structure; provided, however, that any
fractional shares resulting from any such adjustment shall be eliminated. The
Committee may also make the foregoing changes and any other changes, including
changes in the classes of securities available, to the extent it is deemed
necessary or desirable to preserve the intended benefits of the Plan for the
Corporation and the Participants in the event of any other reorganization,
recapitalization, merger, consolidation, spin-off, extraordinary dividend or
other distribution or similar transaction.

<PAGE>

XI.      No Right to Employment

         No person shall have any claim or right to be granted an Award, and the
grant of an Award shall not be construed as giving a Participant the right to be
retained in the employ of, or in the other relationship with, the Corporation or
a Subsidiary. Further, the Corporation and each Subsidiary expressly reserve the
right at any time to dismiss a Participant free from any liability, or any claim
under the Plan, except as provided herein or in any Award Agreement issued
hereunder.

XII.     Governing Law

         To the extent that federal laws do not otherwise control, the Plan
shall be construed in accordance with and governed by the laws of the State of
New York.

XIII.    Savings Clause

         This Plan is intended to comply in all aspects with applicable laws and
regulations, including, with respect to those Employees who are officers or
directors for purposes of Section 16 of the Exchange Act, Rule 16b-3 under the
Exchange Act. In case any one more of the provisions of this Plan shall be held
invalid, illegal or unenforceable in any respect under applicable law and
regulation (including Rule 16b-3), the validity, legality and enforceability of
the remaining provisions shall not in any way be affected or impaired thereby
and the invalid, illegal or unenforceable provision shall be deemed null and
void; however, to the extent permissible by law, any provision which could be
deemed null and void shall first be construed, interpreted or revised
retroactively to permit this Plan to be construed in compliance with all
applicable laws (including Rule 16b-3) so as to foster the intent of this Plan.

XIV.     Effective Date and Term

         The effective date of this Plan is November 29, 1993, subject to its
approval by the stockholders of the Corporation at the annual meeting to be held
on January 18, 1994, or any adjournment thereof; provided, however, that the
effectiveness of the provisions of paragraph (b) of Section VI of this Plan is
subject to the further condition that the Company shall have received either
advice of counsel or a confirmatory letter of the staff of the Securities and
Exchange Commission to the effect that said paragraph (b) of Section VI
qualifies as a formula plan within the meaning of Rule 16b-3(c)(2) of the
regulations promulgated pursuant to the Exchange Act. The Plan shall terminate
on December 1, 2003. No awards shall be granted after the termination of the
Plan.<PAGE>

                              [Concord Letterhead]

August 10, 1999

Mr. Urs W. Stampfli
965 Crestview Circle
Weston, FL 33327

Dear Urs:

This will confirm that Paragraph 5 your Terms of Employment dated May 15, 1998
entitled "Compensation" has been amended.

Effective July 1, 1999 your salary has been increased to $192,500 per annum,
from $175,000 per annum. All other terms of employment as agreed to in your
Terms of Employment with Concord Camera Corp. dated May 15, 1998 remain as is
and in full force and effect.

Sincerely,

/s/ Ira B. Lampert
---------------------
Ira B. Lampert
Chairman & CEO

AGREED AND ACCEPTED:

/s/ Urs W. Stampfli
---------------------
Urs W. Stampfli
Date:  8/24/99
     ----------------

<PAGE>

                          URS W. STAMPFLI ("EMPLOYEE")
                              TERMS OF EMPLOYMENT
                                      WITH
                              CONCORD CAMERA CORP.
                               as of May 15, 1998

1)   POSITION

     Director of Global Sales and Marketing.

2)   EMPLOYER

     Concord Camera Corp. ("Concord" or "the Company").

3)   TERM

     Three Years - Beginning and effective as of the date written above and
     ending on the last day of the 36 month of the term, subject to the
     termination rights of the parties set forth herein. At the conclusion of
     the 36 months, the term is renewable on an annual basis subject to
     agreement by both parties.

4)   REPORTING

     The employee will report to the Chairman and CEO or such other person(s)
     as Chairman and CEO may designate from time to time. The employee shall
     maintain his office at the corporate headquarters office of the employer
     or such other locations as designated by the Company.

5)   COMPENSATION

     Salary - $175,000.00 annually payable in accordance with the Company's
     policies for senior executives.

6)   AUTO ALLOWANCE

     The employee shall be entitled to an amount of $1,000.00 per month as an
     auto allowance payable in accordance with the Company's policies for senior
     executives.

                                     1 of 6
<PAGE>

7)   STOCK OPTIONS

     The employee shall be granted the following rights with respect to the
     purchase of the Company's stock. The stock option price shall be market
     value of the stock existing at the time of the opening of business as of
     the date of this Agreement. All such participation shall be subject to the
     terms of the Company's Stock Option program and/or a separate option plan
     for the employee. Employee shall sign a separate stock option agreement
     consistent with the following. The employee shall have option rights with
     respect to 45,000 shares of the Company's stock over the three year term of
     the employee's employment with vesting as follows:

     (1)  15,000 stock options vesting as of the last date of the first year of
          employment.
     (2)  15,000 stock options vesting as of the last date of the second year of
          employment.
     (3)  15,000 stock options vesting as of the last date of the third year of
          employment.

     All option rights shall terminate as of the termination of employment.

8)   EXPENSE REIMBURSEMENT

     All reasonable and necessary documented expenses incurred in the
     performance of the employee's duty. The employee shall follow such
     directives as are applicable to executive employees with respect to the
     nature and kind of expenses and with respect to the documentation required
     to obtain reimbursement for expenses.

9)   PAID VACATION

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

10)  INCENTIVE BONUS PLAN

     The employee is eligible to participate in the Company's management
     incentive compensation program. The participation shall be subject to the
     terms and conditions of said program. The eligibility to participate in the
     program of employee does not require the Company to provide a bonus to the
     employee.

                                     2 of 6
<PAGE>

11)  BENEFITS

     The employee shall be eligible to receive the following benefits, with
     contributions as applicable to be made by the employee and/or the employer
     consistent with the applicable plans:

     1)   Term life insurance at a rate of two (2) times base salary
     2)   Medical and Dental insurance, as a participant in the Company's
          medical and dental plan(s)
     3)   Disability Insurance, as a participant in the Company's disability and
          insurance plan
     4)   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 change(s).

12)  TERMINATION

     A)   The employee may be terminated for cause at any time by Concord
          without notice. Cause shall mean (i) continued failure to obey
          reasonable instructions of the person(s) to whom employee reports;
          (ii) continued neglect of duties and responsibilities; or (iii)
          willful misconduct or other actions in bad faith which are to the
          detriment of the Company.

     B)   Either party may terminate at any time for any reason upon giving the
          other party notice as follows: (i) if the termination occurs during
          the first year of employment the notice shall be one month; (ii) if
          the termination occurs during the second year of employment the notice
          shall be two months; and (iii) if the termination occurs during the
          third year of employment the notice shall be three months. In the
          event Concord elects to terminate pursuant to this provision, it may
          at its option request employee to remain in its employment during the
          notice period following delivery of notice of termination, at the then
          effective base salary rate. Alternatively, Concord may request
          employee cease working at any time during the notice period but in
          such event the employee shall nevertheless be compensated during said
          period at the then effective base salary rate.

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

     D)   Unless otherwise extended or earlier terminated the employee's
          employment shall terminate effective as of the last day of the 36th
          month of employment.

                                     3 of 6
<PAGE>

13)  CONFIDENTIALITY/INTELLECTUAL PROPERTY/RESTRICTIONS

     Annexed hereto as Exhibit A are provisions applicable to the employee which
     are incorporated herein by reference. By signing this term sheet the
     employee acknowledges that he will be bound by the terms and conditions of
     Exhibit A.

14)  NON-COMPETE AGREEMENT

     Annexed hereto as Exhibit B are provisions applicable to the employee which
     are incorporated herein by reference. By signing this term sheet the
     employee acknowledges that he will be bound by the terms and conditions of
     Exhibit B. Anything to the contrary notwithstanding in Exhibit B, employee
     may be employed after the termination of employment from the Company in the
     photographic industry, provided employee's employment does not compete
     directly or indirectly with the Company or any of its subsidiaries and/or
     affiliates.

15)  CODE OF CONDUCT

     The employee acknowledges that subsequent to the execution of this term
     sheet the employee will be provided with a document entitled "Code of
     Conduct". Upon receipt, acknowledgment and execution of the Code of
     Conduct, the employee shall be bound by the terms and provisions of the
     Code of Conduct and the Code of Conduct shall be considered to be Exhibit C
     to this term sheet and incorporated herein by reference. Failure to execute
     and therefore accept the Code of Conduct shall give the Company the right
     to terminate the employee.

16)  MOVING ALLOWANCE

     In the event that the Company during the term of employee's employment
     moves its corporate offices from Avenel, New Jersey to another location
     outside of the State of New Jersey, the employee shall be entitled to a one
     time moving allowance in an amount not to exceed $10,000.00.

17)  ACKNOWLEDGMENT OF REPRESENTATION OF 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 the negotiation and execution of this Agreement.

                                     4 of 6

<PAGE>

18)  INDEMNIFICATION

     The employee agrees to indemnify the employer for any damages, claims,
     expenses or costs, including attorneys fees, incurred by the employer
     relating directly or indirectly to any misrepresentation by the employee or
     any act or omission of the employee outside of the scope of the employee's
     duties and responsibilities as an employee of the Company. This
     indemnification includes but is not limited to any claims, if any, made by
     any former employer of the employee.

19)  LOAN

     The Company has agreed to provide to the employee a loan in the amount
     specified on the Promissory Note annexed hereto as Exhibit D. Pursuant to
     the terms of the Promissory Note, in the event that the employee's
     employment is terminated for any reason all amounts then due under the
     Promissory Note shall immediately become and payable. The employee consents
     to withdrawal or offset from any amounts due the employee from the Company.

20)  EMPLOYEE REPRESENTATIONS

     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 or limit the employee's employment by
     the employer or any activities of the employee contemplated under this
     Agreement.

21)  ENTIRE AGREEMENT

     This Agreement contains the entire understanding among and between the
     parties and supersedes any prior understanding or agreement between them.
     There are no representations, agreements, arrangements, understandings,
     oral or written, between or among the parties hereto which are not fully
     expressed herein either directly or indirectly or by reference. Any
     amendments to this Agreement must be in writing, signed by the parties
     affected by the amendment. The terms and conditions of the exhibits
     identified herein are incorporated by reference. The terms and conditions
     of any benefit plan or other program identified herein are incorporated by
     reference.

22)  GOVERNING LAW

     The employment of the employee shall be governed by the laws of the State
     of New Jersey. Any litigation related to or arising out of this Agreement
     shall be brought within the state or federal courts of the State of New
     Jersey. 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 and
     hereby waive trial by

                                     5 of 6
<PAGE>

     jury. The employee agrees and acknowledges that in the event of a violation
     or a threatened violation of any terms and conditions applicable to the
     employee that the employer may have no adequate remedy at law and shall,
     therefore, be entitled to enforce any provision of employment applicable to
     the employee by temporary or permanent injunctive or mandatory relief
     obtained in any court of competent jurisdiction without the necessity of
     providing damage or posting any bond or other security and without
     prejudice to any other remedies that may be available at law or in equity.

AGREED AND ACCEPTED:                            AGREED AND ACCEPTED:

                                                CONCORD CAMERA CORP.

/s/ Urs W. Stampfli                             By: /s/ Ira B. Lampert
---------------------------                         ----------------------------
Urs W. Stampfli                                 Chairman & CEO

Date:  4/25/98                                  Date: April 29, 1998
     ----------------------                          ---------------------------
15 Mitchell Place                               35 Mileed Way
Glen Ridge, NJ 07028                            Avenel, NJ 07001

                                     6 of 6

<PAGE>

                                                                       Exhibit A
                                                                       ---------

               CONFIDENTIALITY/INTELLECTUAL PROPERTY/RESTRICTIONS
               --------------------------------------------------

1. The Employee shall not divulge, disclose or make accessible to any other
   person, firm, partnership, corporation or other entity any Confidential
   Information except (a) in the course of carrying out his or her duties as an
   Employee 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 him 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 provide the
   Company with written notice of the request and permit employer to in its
   discretion exhaust its rights before any court or administrative tribunal
   prohibit disclosure.

2. As used herein the term "Confidential Information" includes, but is not
   limited to, all information obtained by the Employee relevant to the
   Company's business affairs and operations of the Company (unless otherwise
   available as public information), including but not limited to, any
   proprietary processes or any other confidential or non-public information or
   material concerning the copyrights, trademarks, trade names, service marks,
   inventions, patents, service marks, products, suppliers or customers of the
   Company.

3. In connection with the Employee's obligations: (a) the Employee shall keep
   all papers relating to the Company 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 employment, the 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 that result from any work performed by the Employee for the
   Company 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 reasonable request of the Company, the Employee shall
   execute, acknowledge, deliver and file any instrument or document necessary
   or appropriate to give effect to this paragraph 5 and do all other acts and
   things necessary to enable the Company exploit the same or to obtain patents
   or similar protection with respect thereto.

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

10/28/97

<PAGE>

                                                                       Exhibit B
                                                                       ---------

                                  NON-COMPETE
                                  -----------

1. During employment and for a period of twelve (12) months thereafter, the
   Employee shall not, directly or indirectly:

   (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, 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 its 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 shall have been employed by, or who was a consultant to, the
       Company within the one-year period preceding the date of any such aid; or

   (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 formally employed
       by the Company or formally acting as a consultant to the Company.

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

2. Anything herein to the contrary notwithstanding, nothing shall preclude an
   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;

<PAGE>

Non-Compete
Page 2

   (c) managing his personal investments and affairs; and

   (d) being involved in other business transactions,

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

10/28/97

<PAGE>

                                                                       Exhibit C
                                                                       ---------

                           CORPORATE CODE OF CONDUCT

<PAGE>

                           CERTIFICATE OF COMPLIANCE
                           -------------------------

The undersigned hereby acknowledges receipt of the attached Concord Camera
Corp. Code of Conduct and agrees to abide by the terms of the Code of Conduct.

                                      /s/ Urs W. Stampfli
                                      ------------------------------------
                                                  (Signature)

                                          Urs W. Stampfli
                                      ------------------------------------
                                                (Print Signature)

                                      Director of Global Sales & Marketing
                                      ------------------------------------
                                                  (Position)

                                      15 Mitchell Pl., Glen Ridge, NJ 07028
                                      ------------------------------------
                                                  (Address)

                                                  7/21/98
                                      ------------------------------------
                                               (Date Signed)

5/98

<PAGE>

                                    CONTENTS

I.    GOOD CITIZENSHIP AND PUBLIC RESPONSIBILITY .............................2

      1. Compliance with Laws ................................................2
      2. Relations with Customers ............................................3
      3. Competition .........................................................3
      4. Proper Accounting and Financial Integrity ...........................6

II.   USE OF COMPANY ASSETS, FACILITIES AND SERVICES .........................6

      1. Improper Payments ...................................................7
      2. Political Contributions .............................................7
      3. Safeguarding Assets .................................................8

III.  SELECTIONS OF VENDORS OF GOODS AND SUPPLIERS OF SERVICES ...............8

IV.   CONFLICT OF INTEREST ...................................................8

V.    SECURITIES TRADING .....................................................11

      1. Inside Information ..................................................11
      2. Trading Guidelines ..................................................12
      3. Reporting and Other Obligations .....................................14

VI.   DISCLOSURE AND USE OF CONFIDENTIAL INFORMATION .........................14

VII.  ENVIRONMENT, HEALTH AND SAFETY .........................................15

VIII. EMPLOYMENT ISSUES ......................................................15

      1. Equal Opportunity ...................................................15
      2. Harassment ..........................................................16
      3. Disability ..........................................................16

IX.   INTERNAL COMMUNICATION AND ENFORCEMENT OF POLICY .......................16

X.    EFFECTS OF FAILURE TO COMPLY WITH CODE .................................17

XI.   CODE NOT A CONTRACT OF EMPLOYMENT ......................................18

XII.  NAMES AND NUMBERS ......................................................18

<PAGE>

                              CONCORD CAMERA CORP.
                              --------------------

                                CODE OF CONDUCT
                                ---------------

I. CITIZENSHIP AND PUBLIC RESPONSIBILITY

   As used herein the term "Company" is designated to include Concord Camera
Corp. and all of its subsidiary companies. The Code of Conduct is intended to
apply to all business activities conducted on behalf of the Company. The
Company's success is predicated on conducting business affairs in a socially
responsible manner, while seeking to promote the most important dynamic of a
public company: earning the profits which make possible continued existence and
growth of the Company, satisfying investors' expectations of a fair return,
providing jobs for employees, and a contributing to the well-being of the
various communities in which the Company does business.

   1. Compliance with Laws

      Recognition of the public interest must be a permanent Company commitment
in the conduct of its affairs. The activities of all of the Company's employees,
officers and directors (collectively referred to herein as "Affiliates") acting
on its behalf must always be in full compliance with applicable laws. In that
regard, no Affiliate should assist a third party in violating any applicable
law. When there is doubt as to the lawfulness of any proposed activity, advice
must be sought from the Company's Corporate Controller or Chief Executive
Officer who, where appropriate, will confer with counsel to the Company.

<PAGE>

      Violation of applicable laws may subject the Company and any involved
Affiliate to severe consequences, including injunctions, monetary damages (which
could far exceed the value of any gain realized as a result of the violation,
and which could be tripled in certain cases), fines, and criminal penalties,
including imprisonment. In addition, actual or apparent violations of applicable
laws by the Company and any involved Affiliate can undermine the confidence of
the Company's investors, creditors and bankers, as well as the general public.

   2. Relations with Customers

      It shall be the Company's fundamental objective and policy:

   (a) to provide customers with quality merchandise and service at fair prices;

   (b) to deal with customers fairly, honestly and courteously;

   (c) to ascertain and satisfy customers needs; and

   (d) to live up to obligations to customers and satisfy their complaints
       fairly and with dispatch, forever mindful of the fact that a satisfied
       customer is a valuable Company asset.

   3. Competition

      The purpose of the U.S. antitrust and trade practice laws is to preserve
the U.S.'s free enterprise system. These laws are founded on the belief that the
public interest is best served by vigorous and fair competition free from
collusive agreements among competitors. The Company is committed to this belief,
and while the Company competes aggressively and creatively in its business
activities, its efforts in the marketplace will be conducted in a fair and
ethical manner in strict accordance with the letter and spirit of applicable
antitrust and trade practice laws.

<PAGE>

         Affiliates should be aware of the serious criminal and civil
consequences of violations of those laws. First, a violation of the antitrust
laws may be prosecuted as a felony, and conviction may result in heavy corporate
and individual fines, and substantial prison sentences. Second, injunctions
obtained by the U.S. Department of Justice or a State Attorney General, or
orders by the Federal Trade Commission ("FTC"), may place severe restrictions on
the Company. Violation of an injunction is punishable by fine or imprisonment;
and violation of an FTC Order can result in substantial monetary penalties.
Finally, persons injured by reason of violations of certain of the antitrust
laws may sue and recover triple the amount of actual damages.

         The antitrust laws (a) forbid collusion among competitors to restrain
trade and attempts or conspiracies to monopolize by means of predatory or unfair
tactics; and (b) prohibit certain restrictive arrangements with customers,
particularly those that fix resale prices or otherwise unreasonably restrain
customers' sales or purchases of merchandise. Any agreement, mutual consent or
understanding, whether expressed or implied, oral or written, may be sufficient
to establish collusion. It is illegal to collude with competitors to:

(a) raise, lower, maintain, stabilize or otherwise fix prices, discounts,
    allowances, credit terms or any other price elements;

(b) fix the price at which merchandise will be purchased from suppliers or
    resold by customers;

<PAGE>

(c) limit or control production or sales;

(d) allocate customers or divide markets or marketing territories; or

(e) boycott suppliers or customers.

         No Affiliate shall participate in any such collusive arrangement or
practice with a competitor. Nor may any Affiliate engage in any predatory or
unfair conduct designed to exclude competition; enter into, or discuss, any
arrangement with a customer to fix resale prices or, except with the prior
approval of the Company's Chief Executive Officer, enter into any arrangement
with a customer otherwise restricting its ability to purchase or sell
merchandise.

         It is equally important to avoid contacts and dealings with competitors
that might lead to an inference of collusion. Accordingly, no Affiliate shall
discuss with a competitor any of the above topics, including prices (past,
present or future), pricing procedures, profit levels, selection of resources,
merchandising plans or other competitive business information. If a simple
refusal to participate is not sufficient to end the discussion, an Affiliate
should leave the meeting and promptly report the incident to the Company's Chief
Executive Officer who, were appropriate, will confer with counsel to the
Company.

         Trade associations, trade shows and similar activities are particularly
sensitive because they provide an opportunity for gatherings of competitors. The
Company supports only those trade associations and activities which perform
useful and legitimate functions in our industry. Affiliates should attend
activities of trade associations at which competitors are present only with
management's approval.

4.       Proper Accounting and Financial Integrity

         All financial transactions must be executed in accordance with
management's general or specific authorization. The Company's books, records and
accounts must reflect, accurately and fairly and within the Company's regular
system of accountability, all of the Company's transactions and the acquisition
and/or disposition of its assets. All transactions shall be accurately recorded
to permit the preparation of financial statements in conformity with generally
accepted accounting principles consistently applied and other applicable rules,
regulations and criteria, and to insure full accountability for all of the
Company's assets and activities. Under no circumstances shall there be any
unrecorded Company funds or assets, regardless of the purpose for which such
funds or assets may have been intended, or any improper or inaccurate entry
knowingly made on the Company's books and records. No payment on behalf of the
Company shall be approved or made with the intention or understanding that any
part of such payment is to be used for a purpose other than as described by the
documents supporting such payment.

         All Affiliates must cooperate fully with the Company's internal audit
staff, independent auditors and counsel to enable them to discharge their
responsibilities to the Company.

<PAGE>

II.      USE OF COMPANY ASSETS, FACILITIES AND SERVICES

         The use of Company assets, including proprietary information,
facilities or services for any unlawful, improper or unauthorized purposes is
strictly prohibited.

         No Affiliate shall make any expenditures or otherwise make any
commitments affecting the Company's assets unless properly authorized.

         1. Improper Payments

            No payments or gifts of anything of value (in money, property,
discounts, services, rebates or otherwise), regardless of form, shall be made or
offered, directly or indirectly, in the conduct of the Company's affairs:

         (a) to any domestic or foreign governments, agencies, officials,
             employees or agents, for purposes other than the satisfaction of
             lawful obligations; or

         (b) to any private party, involving the use of the Company's assets or
             resources, except in the ordinary course of business.

            Such payments or gifts, whether or not called gratuities and whether
or not expressly or impliedly in exchange for certain conduct, may be perceived
to be bribery or otherwise improper and are prohibited.

         2. Political Contributions

            No contributions of Company assets or resources or use of its
facilities, regardless of form, may be made or offered, directly or indirectly,
by any Affiliate to any political party, or any candidate for, or holder of,
political office, either domestic or foreign. Affiliates shall refrain from
applying any pressure on or harassment of other Affiliates in political matters.

<PAGE>

            The foregoing is not intended to prohibit or discourage Affiliates
from making personal contributions to political candidates or parties of their
choice, or from participating in the political process, purely for their own
account and on their own time. Personal political contributions by Affiliates
will not be reimbursed by the Company, directly or indirectly.

            3. Safeguarding Assets

            Company assets must be safeguarded against inadvertent loss, as well
as against intentional misappropriation. Assets include not only cash, fixtures,
furniture and equipment, but also merchandise, business and product plans, trade
secrets and other proprietary or confidential information and related matters.

III.        SELECTION OF VENDORS OF GOODS AND SUPPLIERS OF SERVICES

            The selection of a vendor or supplier of goods and/or services to
the Company must be based on quality, need, performance and cost.

            In dealing with vendors, it is the responsibility of all Affiliates
to actively promote the best interests of the Company, within legal limits,
through aggressive attention to opportunities and obtaining fair terms and
treatment for the Company.

IV.         CONFLICT OF INTEREST

            No Affiliate shall directly or indirectly engage or participate in,
or authorize, any transactions or arrangements involving, or raising questions
of, possible conflict, whether ethical or legal, between the interests of the
Company and the personal interests of the Affiliate.

<PAGE>

            No Affiliate or any member of his or her family shall, directly or
indirectly, acquire or hold any beneficial interest of any kind in any firm or
entity (Related Company) that does, or in the recent past did, business with the
Company, or which is currently or prospectively competing in any manner with the
Company. This prohibition shall not apply to the acquisition or holding of any
security in a Related Company through a mutual fund or of any interest therein
not in excess of 1% of any class of securities listed on a national securities
exchange or traded in an established over-the-counter securities market.
Activities and holdings which have the appearance of impropriety are also to be
avoided.

            No Affiliate or any member of his or her family shall, directly or
indirectly, seek, accept or retain gifts or other personal or business favors
from any Related Company or from any individual or organization seeking to do
business with the Company. Such personal or business favors mean any type of
gift, gratuity, use of facilities, favor, entertainment, service, loan, fee or
compensation or anything of monetary value. Specific exceptions to this
prohibition will be made if there is no reasonable likelihood of improper
influence in the performance of duties on the part of the Affiliate on behalf of
the Company and if the personal benefit falls into one of the following
categories:

            -  normal business courtesies, such as meals, involving no more
            than ordinary amentities;

            -  paid trips or guest accommodations in connection with the
            Company's business and with the prior approval of the Corporate
            Controller or Chief Executive Officer;

            -  fees or other compensation received from any organization in
            which membership or an official position is held only if approved
            by the Corporate Controller or Chief Executive Officer;

            -  loans from financial institutions made in the ordinary course of
            their business on customary terms and at prevailing rates;

            -  gifts of nominal value (less than $100) during the holiday
            season.

<PAGE>

            No Affiliate or any member of his or her family may serve as a
director, officer, employee of or consultant to a competitor or a Related
Business without prior approval of the Company's Corporate Controller or Chief
Executive Officer who, where appropriate, will confer with counsel to the
Company.

            No Affiliate, or his or her family member, who directly or
indirectly owns a financial interest in, or has an obligation to a Related
Business, which interest or obligation is significant to such employee or family
member may conduct business with such Related Business without prior written
approval of the Company's Corporate Controller or Chief Executive Officer who,
where appropriate, will confer with counsel to the Company.

            No Affiliate, or his or her family member, may act as a broker,
finder or other intermediary for his or her benefit of any third party in a
transaction involving the Company without prior written approval of the
Company's Corporate Controller or Chief Executive Officer who, where
appropriate, will confer with counsel to the Company.

<PAGE>

         Gifts or entertainment which have an aggregate value in any year in
excess of $100 are considered to be excessive and shall not be accepted by an
Affiliate. This prohibition shall also apply to common courtesies and
hospitalities if their scale or nature would in any way appear to affect the
impartiality of the Affiliate or imply a conflict of interest. However, this
prohibition is not meant to preclude an Affiliate's acceptance of business
entertainment that is not intended to influence his or her obligations to the
Company and which are reasonable in nature, frequency and cost; for example, a
lunch, dinner or occasional athletic, social or cultural event, or participation
in corporate promotional events.

         An Affiliate should make every effort to refuse to accept, or to
return, any gift or gifts from a Related Business exceeding $100 in value. If
the Affiliate determines that the donor would be insulted or embarrassed if the
gift is refused or returned, a conflict can nevertheless be avoided by promptly
reporting the gift to the Affiliate's supervisor, if applicable, and delivering
to that person the gift or a check payable to the Company for the fair value of
the gift (which the Company will donate to charity).

V. SECURITIES TRADING

1. Inside Information. Affiliates may not disclose material non-public (i.e.,
   "inside") information concerning the Company to anyone not employed by the
   Company, or to an Affiliate who has no business need for such information,
   unless and until such information has been publicly released by the
   Company.

         Furthermore, Affiliates are prohibited from buying or selling, directly
   or indirectly through third parties, the publicly traded securities of any
   company, including the Company, on the basis of material non-public
   information concerning or obtained directly or in any way indirectly from or
   through the Company.

   What is "material"? Material information is defined as information that would
   be expected to affect either the investment decision of a reasonable investor
   or the market price of the stock. Material information may include
   information (whether positive or negative) relating to earnings, dividend
   actions, mergers or acquisitions, new products, personnel changes, labor
   operations, marketing changes or other matters, each depending upon all the
   relevant facts and circumstances. Obviously, it is sometimes difficult to
   determine materiality, particularly on a prospective basis, and the facts in
   each case should be carefully weighed. It should be remembered that
   plaintiffs who challenge and judges who rule on particular transactions or
   activities have the benefit of hindsight. Therefore, whenever there is a
   question concerning materiality, the Affiliate should either refrain from
   trading or consult the Company's Corporate Controller or Chief Executive
   Officer who, where appropriate, will confer with counsel to the Company.

<PAGE>

   What is "non-public"? Information is non-public if it has not been
   disseminated in the Company's annual or periodic reports to shareholders, has
   not been the subject of a prior widely disseminated press release intended
   for and made available to the public, or has not been widely reported in the
   media, market letters, statistical services or the like. It should be noted
   that the mere existence of widespread rumors or unconfirmed press speculation
   concerning the information does not mean that the information has been
   adequately disseminated.

2. Trading Guidelines. Investment by Affiliates in the Company's stock is
   generally desirable and should not be discouraged. However, such investments
   should be made with caution, and with recognition of the legal prohibitions
   concerning the use by corporate "insiders" of confidential information for
   their own profit. Guidelines to aid employees in determining when trading in
   the Company's stock are appropriate and are set forth below. It should be
   noted that "trading" includes not only purchases and sales, but also
   exercises of options, warrants, puts and calls, etc. The prohibition on use
   of material inside information also extends to the securities of other
   entities, such as Related Companies, as to which an Affiliate may become in
   possession of non-public information in the course of his or her employment
   by the Company.

   An Affiliate may not trade if he/she has knowledge of material information
   about the Company which has not been made widely available to the investing
   public. If there are questions whether information may be material, or if it
   has not been made widely available to the investing public, the matter should
   be discussed with the Company's Corporate Controller or Chief Executive
   Officer who, where appropriate, will confer with counsel to the Company. Once
   information has been released by the Company, an Affiliate must still refrain
   from trading until sufficient time has passed to insure that the information
   has been made widely available to the investing public. In most cases, an
   Affiliate should refrain from trading until 48 hours after release by the
   Company of the information. If there are questions as to whether it is
   appropriate to trade in a given circumstance, contact the Company's Corporate
   Controller or Chief Executive Officer for advice prior to trading.

   An Affiliate may not trade without prior permission, during any period which
   counsel to the Company has designated as a limited trading period for the
   Company, whether or not the Affiliate possesses any material inside
   information about the Company. While the reasons for a limited trading period
   or entry on a restricted list will generally not be given, Counsel to the
   Company will attempt to limit such restrictions to those reasonably necessary
   in the best interests of the Company.

   An Affiliate (Other than officers who report directly to the Chief Executive
   Officer and Directors of the Company who always obtain prior permission from
   the Chief Executive Officer) may trade if no limitation on trading has been
   declared and such person does not possess any material information about the
   Company which has not been publicly disclosed.

<PAGE>

3. Reporting and Other Obligations. Officers who report directly to the Chief
   Executive Officer, directors and significant beneficial owners of the Company
   are also subject to specific reporting and other requirements under federal
   and state securities laws. Each of these persons will receive questionnaires
   and requests for information from the Company from time to time to aid the
   Company in compliance with such laws. It is incumbent upon such persons to
   provide such information promptly, fully and accurately. In addition, each
   Affiliate who is or becomes a beneficial owner of 10% or more of any class of
   the Company's securities must comply with the reporting requirements and
   liability provisions of Section 16 of the Securities Exchange Act of 1934.

VI. DISCLOSURE AND USE OF CONFIDENTIAL INFORMATION

         Safeguarding confidential information concerning the Company, its
present and prospective business, and its customers, suppliers and investors is
essential to the successful conduct of the Company's business.

         All information developed within the Company with respect to its
business is confidential and should not be disclosed to any person who is not an
Affiliate. Nor should confidential information be left out in the open,
carelessly discarded or discussed in public (e.g., in an elevator where
unauthorized persons may have access to it). Confidential information includes,
but is not limited to, vendors, suppliers, mailing lists and other customer
information including credit card or charge card numbers, price and mark-up
determinations, sales or sales trends of catalogs, advertisements or particular
items, cost of products or services paid by the Company, budgets, business and
marketing plans.

         All external communications intended for the general public, the
financial community or the press must be approved in advance by the Company's
Chief Executive Officer or counsel to the Company.

<PAGE>

VII. ENVIRONMENT, HEALTH AND SAFETY

         The Company is committed to environmental, health and safety protection
for its Affiliates, customers, neighbors and others who may be affected by its
products or activities.

         The laws and regulations in this area are complex, and violations can
result in severe criminal and civil penalties for the Company and responsible
Affiliates. If an Affiliate is faced with an environmental, health or safety
issue, such person should promptly contact the Company's executive in charge of
the office in which the Affiliate works to discuss that matter.

VIII. EMPLOYMENT ISSUES

1.   Equal Opportunity. The Company affords equal opportunity for employment,
     including equal treatment in hiring, promotion, training, compensation,
     termination and disciplinary action, to all individuals regardless of race,
     color, religion, national origin, sex (except where sex is a bona fide
     occupational qualification), sexual preference, marital status, veteran
     status or physical or mental disability (except where such disability is a
     job-related disqualifying factor). Unlawful discrimination can expose the
     Company to substantial damages and unfavorable publicity. All Affiliates
     are required to conduct their Company activities with due regard to this
     policy.

2.   Harassment. It is the Company's policy to maintain a work environment free
     from all forms of harassment and to insist that all Affiliates be treated
     with dignity, respect and courtesy. Any comments or conduct relating to a
     person's race, religion, age, sex or ethnic background that fail to respect
     the dignity and feelings of the individual are unacceptable. Also
     unacceptable are comments or conduct of a sexual nature, where such
     behavior tends to threaten or offend a fellow Affiliate. Affiliates are
     cautioned that even joking or mild comments or conduct may violate this
     policy. It is the Company's goal that such comments or conduct not occur
     and should they occur, that they be rectified fairly and quickly.

3.   Disability. The Company is required to make reasonable accommodations to
     the known physical or mental limitations of a qualified employee or
     applicant with a disability if, with these accommodations, the person can
     perform the essential functions of his/her job. The Company may be excused
     from making a reasonable accommodation if the accommodation would impose an
     "undue hardship" on its business.

IX. INTERNAL COMMUNICATION AND ENFORCEMENT OF POLICY

         Communication of the policies contained in this Code will be made to
all Affiliates who will be required to sign the attached Certificate of
Compliance at the date of their initial employment and at least annually
thereafter.

         It is important that each Affiliate comply not only with the letter
but, equally importantly, the spirit of this Code. If an Affiliate believes that
another Affiliate is acting in a manner that is not in compliance with this
Code, or that he/she has been requested to act in such a manner, it should
immediately be called to the attention of the Company's Corporate Controller or
Chief Executive Officer who, where appropriate, will confer with counsel to the
Company. In order to encourage uninhibited communication of such matters, such
communications will be treated confidentially to the fullest extent possible and
no disciplinary or other retaliatory action will be taken against an Affiliate
who communicates such matters.

<PAGE>

X. EFFECTS OF FAILURE TO COMPLY WITH CODE

         Conduct violative of this Code is expressly forbidden. Any Affiliate
whose conduct violates this Code will be subject to disciplinary action by the
Company, including, in the Company's discretion, discharge and/or forfeiture of
any benefits or rights (including contractual rights) which, under applicable
law, are forfeitable upon a discharge for cause, and to the enforcement of such
other remedies as the Company may have under applicable law.

         The summaries of laws contained in this Code are brief and necessarily
omit many subtleties and variations that exist in such laws, as well as other
laws that may impose requirements upon the Company. In addition, laws which
affect the Company may be supplemented, amended or repealed from time to time.
Therefore, an Affiliate should request prior advice from the Company's Corporate
Controller or Chief Executive Officer who, where appropriate, will confer with
counsel to the Company, in case of any question or uncertainty concerning the
impact of applicable laws upon such person's Company activities.

XI. CODE NOT A CONTRACT OF EMPLOYMENT

         This Code is not a contract of employment nor is it meant to limit the
Company's rights to discipline or terminate employees for any acts or omissions
including those not set forth as part of this Code of Conduct, nor does this
Code of Conduct change the status of any at-will employee. The Company retains
all of its rights in connection with the discipline and/or termination of
Affiliates. This Code of Conduct is in addition to any employment contract, the
Affiliate may have with the Company.

XII. NAMES AND NUMBERS

     Chief Executive Officer     Ira B. Lampert                   (732) 499-8280

     Corporate Controller        Harlan Press                     (732) 499-8280

     Outside Counsel             Ralph Sutcliffe, Esq.            (212) 479-6000
                                 Kronish Lieb, Weiner & Hellman
                                 1114 Avenue of the Americas
                                 New York, New York 10036

<PAGE>

                                                                      Exhibit D

Total Due: $15,000.00                                      Date: May 15, 1998

                                PROMISSORY NOTE

         For value received, the undersigned ("Employee") promises to pay to the
Order of Concord Camera Corp. ("Concord") or Concord's assigns the total due set
forth above. The total due from Employee is not subject to counterclaims,
set-off or any defenses, except pre-payments as provided herein, which the
Employee may have against Concord.

         The total due is payable without interest pursuant to the attached
installment schedule.

         Payment on this note shall be made to Concord at 35 Mileed Way, Avenel,
New Jersey 07001. Payment is payable in lawful money of the United States by
cash, certified check, cashier's check or electronic transfer.

         In the event that the employee ceases for whatever reason to be an
employee of Concord the total due shall become immediately due and payable.

         Upon any default by the employee of the payment of any portion of the
outstanding balance of this Note, then in that event, the remainder total due
shall immediately become due and payable at the option of Concord without notice
or demand together with interest thereon from the date of the default at the
commercial lending rate being charged to Concord by its United States commercial
lender.

         The Employee waives presentment, demand for payment, protest, notice of
protest or other demands in connection herewith.

         Employee shall have the right to prepay this Note in whole, or in part,
at any time.

<PAGE>

         This Note is made under and all of its terms will be governed by and
construed in accordance with the laws of the State of New Jersey,
notwithstanding the principals thereof relating to the conflicts of law. Any
litigation related to or arising out of this Note shall be brought within the
State of the Federal Courts of the State of New Jersey. The parties agree that
the service of process may be effective by certified, registered mail, return
receipt requested, or by regular mail if certified or registered mail is
refused. The parties hereto agree to and hereby waive trial by jury.

         In the event of any failure to make payment under the Note when due,
the employee shall be, in addition to other liabilities, liable for all
attorneys' fees incurred by the Company in connection with the failure to make
payment whether or not litigation is instituted.

         The Employee consents to the direct application by Concord of any
amounts due Concord from any salary, bonus, or other compensation due Employee
from Concord.

         IN WITNESS WHEREOF, the Employee has executed this Note, intending to
be legally bound.

Dated:________________________          _____________________________
                                             Employee's Signature

Witness to Signature of Employee:____________________________________

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