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                                                                   EXHIBIT 10.11

                  REIMBURSEMENT AND INDEMNIFICATION AGREEMENT

     THIS REIMBURSEMENT AND INDEMNIFICATION AGREEMENT (the "Agreement") is made
and entered into as of September 15, 2000 by and among David C. Collins, The
Collins Family Foundation; The Collins Charitable Remainder Unitrust #97-1, Eric
R. Garen and The Garen Family Foundation and (each, an "Indemnitor"), and
Learning Tree International, Inc. ("Learning Tree") with reference to the
following facts and circumstances:

A.  Indemnitors are shareholders of Learning Tree, and intend to sell certain
other shares pursuant to a private placement (the "Offering").

B.  The potential buyers in the Offering have requested that Learning Tree
provide certain representations and warranties, and file and keep effective a
registration statement (the "Registration Statement") with the Securities and
Exchange Commission relating to the shares being purchased in the Offering, all
as provided in Securities Purchase Agreements.

C.  As an inducement for Learning Tree to provide such representations and
warranties and to undertake the filing of the Registration Statement, and to
sign the Securities Purchase Agreements, Indemnitors wish to reimburse Learning
Tree for any expenses of, and to indemnify Learning Tree against liabilities
arising from, the Offering or the Registration Statement.

NOW, THEREFORE, the parties agree as follows:

1.  Reimbursement of Costs.  Indemnitors jointly and severally agree to
    ----------------------
    reimburse Learning Tree for any costs incurred by it in connection with the
    Offering or the Registration Statement, including but not limited to fees to
    the Securities and Exchange Commission or any state agencies, as well as to
    accountants and attorneys.

2.   Indemnification.
     ---------------

     2.1  Indemnity.  Indemnitors jointly and severally agree to indemnify and
          ---------
     hold Learning Tree, its officers, directors, employees, agents and
     attorneys harmless from and against any losses suffered as a result of a
     claim based on or related to the Offering or the Registration Statement (a
     "Claim").

     2.2  Procedure.
          ---------

             2.2.1  Notice.  Promptly upon receipt by Learning Tree of a notice
                    ------
     of a Claim, Learning Tree shall give written notice thereof to Indemnitors,
     although failure to do so shall not affect the right to indemnification
     except to the extent of actual prejudice.

             2.2.2  Cooperation.  Indemnitors and Learning Tree shall cooperate
                    -----------
     in determining
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     the validity of any Claim, and shall also use all reasonable efforts to
     minimize all losses suffered as a result of a Claim. In any case,
     Indemnitors and Learning Tree shall cooperate and assist each other in such
     defense, and shall make available to the other all records, documents and
     information (written or otherwise) relevant to such defense.

     2.3  Contribution.  In order to provide for the just and equitable
          ------------
     contribution, if a claim for indemnification is found unenforceable in a
     final judgment by a court of competent jurisdiction (not subject to further
     appeal) despite the fact that the express provisions hereof provide for
     indemnification in such case, the Indemnified Person and the Indemnitors
     shall contribute to the Losses to which the Indemnified Person may be
     subject in accordance with the relative benefits received by, and the
     relative fault of, each in connection with the statements, acts or
     omissions which resulted in such Losses.

3.   Rights Among Indemnitors.  Although an Indemnified Person may proceed
     ------------------------
     against any Indemnitor, each Indemnitor agrees to contribute to any
     payments required to be made hereunder to an Indemnified Person in
     proportion to the percentages of shares sold in the Offering (the
     "Contribution Percentages"). If any Indemnitor does not contribute his
     Contribution Percentage despite the good faith efforts of another
     Indemnitor, then the Contribution Percentage of the other Indemnitors shall
     be increased by disregarding that of the non-contributing Indemnitor until
     such Indemnitor does contribute pursuant to this Section 2. Any
     contribution by an Indemnitor shall also include interest at the rate of
     10% per annum from the date of the payment to the Indemnified Person to the
     date of contribution. Any decision to be made hereunder by the Indemnitors
     may be made by Indemnitors holding a majority in interest of the
     Indemnitors, who shall have no liability for decisions made in good faith.

4.   Miscellaneous

     4.1  Amendments and Waivers.
          ----------------------

             4.1.1  Any provision of this Agreement may be amended or waived if,
     but only if, such amendment or waiver is in writing and is signed, in the
     case of an amendment, by each party to this Agreement, or in the case of a
     waiver, by the party against whom the waiver is to be effective.

             4.1.2  No failure or delay by any party in exercising any right,
     power or privilege hereunder will operate as a waiver thereof nor will any
     single or partial exercise thereof preclude any other or further exercise
     thereof or the exercise of any other right, power or privilege. The rights
     and remedies herein provided will be cumulative and not exclusive of any
     rights or remedies provided by law.

     4.2  Successors and Assigns.  The provisions of this Agreement will be
          ----------------------
     binding upon and inure to the benefit of the parties hereto and their
     respective successors and assigns; provided that no party may assign,
                                        --------
     delegate or otherwise transfer any of its rights or obligations under this
     Agreement without the consent of each other party hereto.

     4.3  No Third Party Beneficiaries.  This Agreement is for the sole benefit
          ----------------------------
     of the parties
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     hereto and their permitted assigns and nothing herein expressed or implied
     will give or be construed to give to any Person, other than the parties
     hereto and such permitted assigns any legal or equitable rights hereunder.

     4.4  Governing Law.  This Agreement will be governed by, and construed in
          -------------
     accordance with, the law of the State of California, without regard to the
     conflict of laws rules of such state.

     4.5  Attorneys' Fees.  In any dispute between the parties hereto or their
          ---------------
     representatives concerning any provision of this Agreement or the rights
     and duties of any person or entity hereunder, the party or parties
     prevailing in such dispute shall be entitled, in addition to such other
     relief as may be granted, to the attorneys' fees and court costs incurred
     by reason of such dispute.

     4.6  Jurisdiction.  Except as otherwise expressly provided in this
          ------------
     Agreement, any suit, action or proceeding seeking to enforce any provision
     of, or based on any matter arising out of or in connection with, this
     Agreement or the transactions contemplated hereby may be brought in any
     court of competent jurisdiction in Los Angeles, California or the United
     States District Court for the Central District of California and each of
     the parties hereby consents to the jurisdiction of such courts (and of the
     appropriate appellate courts therefrom) in any such suit, action or
     proceeding and irrevocably waives, to the fullest extent permitted by law,
     any objection which it may now or hereafter have to the laying of the venue
     of any such suit, action or proceeding in any such court or that any such
     suit, action or proceeding which is brought in any such court has been
     brought in an inconvenient form. Process in any such suit, action or
     proceeding may be served on any party anywhere in the world, whether within
     or without the jurisdiction of any such court.

     4.7  Waiver of Jury Trial.  EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY
          --------------------
     WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING
     OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
     HEREBY.

     4.8  Counterparts.  This Agreement may be signed in any number of
          ------------
     counterparts, each of which will be an original, with the same effect as if
     the signatures thereto and hereto were upon the same instrument.

     4.9  Headings.  The headings in this Agreement are for convenience of
          --------
     reference only and will not control or affect the meaning or construction
     of any provisions hereof.

     4.10 Entire Agreement.  This Agreement constitutes the entire agreement
          ----------------
     among the parties with respect to the subject matter of this Agreement.
     This Agreement and the Stock Purchase Agreement (including any ancillary
     agreements entered into in connection therewith) supersede all prior
     agreements and understandings, both oral and written, between the parties
     with respect to the subject matter hereof of this Agreement.

     4.11 Severability.  If any provision of this Agreement or the application
          ------------
     of any such provision to any person or circumstance is held invalid,
     illegal or unenforceable in any

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     respect by a court of competent jurisdiction, such invalidity, illegality
     or unenforceability will not affect any other provision hereof.

     4.12  Certain Interpretive Matters.  No provision of this Agreement will be
           ----------------------------
     interpreted in favor of, or against, any of the parties hereto by reason of
     the extent to which any such party or its counsel participated in the
     drafting thereof or by reason of the extent to which any such provision is
     inconsistent with any prior draft hereof or thereof.

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

/s/  David C. Collins                            /s/  Eric R. Garen
---------------------------------                ------------------------------
David C. Collins                                 Eric Garen

The Collins Family Foundation                    The Garen Family Foundation

By   /s/ Mary C. Collins                         By   /s/ Eric R. Garen
    -----------------------------                    --------------------------
Its  President                                   Its  Trustee
    -----------------------------                    --------------------------

The Collins Charitable Remainder Unitrust #97-1

By   /s/ Mary C. Collins
    -----------------------------
Its  Trustee
    -----------------------------

Learning Tree International, Inc.

By   /s/ Gary R. Wright
    -----------------------------
Its  Chief Financial Officer
    -----------------------------SEVENTH AMENDMENT TO FINANCING AGREEMENT

          This  SEVENTH  AMENDMENT TO FINANCING  AGREEMENT  (this  "Amendment"),
dated as of September  29,  2000,  is entered  into by and among  SHARPER  IMAGE
CORPORATION,  a Delaware corporation (the "Borrower") and THE CIT GROUP/BUSINESS
CREDIT,  INC.,  a New  York  corporation  ("CITBC"),  and  amends  that  certain
Financing  Agreement,  dated  September  21,  1994  (as the  same  is in  effect
immediately  prior  to  the  effectiveness  of  this  Amendment,  the  "Existing
Financing  Agreement" and as the same may be amended,  supplemented  or modified
and in effect from time to time, the "Financing Agreement"),  by and between the
Borrower and CITBC.  Capitalized  terms used and not  otherwise  defined in this
Amendment  shall have the same  meanings in this  Amendment  as set forth in the
Financing Agreement.

                                    RECITAL

        The Borrower has requested  that CITBC amend  various  provisions of the
Existing  Financing  Agreement,  and CITBC is  willing  to agree to so amend the
Existing  Financing  Agreement  on the terms and subject to the  conditions  set
forth below.

                                   AGREEMENT

        NOW, THEREFORE, in  consideration of the foregoing, the mutual covenants
and  agreements set forth below and other good and valuable  consideration,  the
receipt and  adequacy  of which are hereby  acknowledged,  the parties  agree as
follows:

        SECTION 1.   Amendments.  On the terms of this  Amendment and subject to
the satisfaction of the conditions precedent set forth below in Section 2, CITBC
and the Borrower hereby agree as follows:

               (a) For the period commencing October 1, 2000 and ending December
31,  2000,  the limit on the  aggregate  amount of  Eligible  Ordered  Inventory
computed  pursuant  to  clauses  (a) and (b) of Section  3,  Paragraph  1 of the
Financing  Agreement set forth in the proviso to such paragraph  shall hereby be
temporarily increased from "$6,500,000" to "$15,000,000".

               (b)  For the period commencing October 1,2000 and ending December
31, 2000, the limit on documentary  Letters of Credit set forth in clause (i) of
the first  sentence of Section 4, Paragraph 1 of the Financing  Agreement  shall
hereby be temporarily increased from "$15,000,000" to "$23,000,000".

        SECTION 2.   Conditions  to  Effectiveness.  The amendments set forth in
Section 1 of this Amendment shall become effective only upon the satisfaction of
all of the following  conditions precedent (the date of satisfaction of all such
conditions being referred to as the "Amendment Effective Date"):

Seventh Amendment to Financing Agreement

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               (a)  On or before the Amendment  Effective Date, CITBC shall have
received this Amendment, duly executed and delivered by the Borrower.

               (b)  On or before the Amendment Effective Date, all corporate and
other  proceedings  taken  or to be taken in  connection  with the  transactions
contemplated by this Amendment,  and all documents incidental thereto,  shall be
reasonably  satisfactory  in form and  substance to CITBC and its  counsel,  and
CITBC and such counsel  shall have  received all such  counterpart  originals or
certified copies of such documents as they may reasonably request.

               (c)  On or before the Amendment  Effective Date, CITBC shall have
received a legal documentation fee of $1,500, which fee shall be fully earned as
of the date hereof.

               (d)  Each of the representations and warranties set forth in this
Amendment shall be true and correct as of the Amendment Effective Date.

        SECTION 3.   Representations and Warranties. In order to induce CITBC to
enter into this Amendment and to amend the Existing  Financing  Agreement in the
manner provided in this Amendment, the Borrower represents and warrants to CITBC
as of the Amendment Effective Date as follows:

               (a) Power and Authority. The Borrower has all requisite corporate
power  and  authority  to  enter  into  this  Amendment  and to  carry  out  the
transactions  contemplated  by, and perform its obligations  under, the Existing
Financing  Agreement as amended by this Amendment  (hereafter referred to as the
"Amended Financing Agreement").

               (b)  Authorization  of Agreements.  The execution and delivery of
this  Amendment  by the Borrower and the  performance  of the Amended  Financing
Agreement by the Borrower have been duly authorized by all necessary action, and
this Amendment has been duly executed and delivered by the Borrower.

               (c)  Enforceability. The Amended Financing Agreement  constitutes
the legal, valid and binding obligation of the Borrower  enforceable against the
Borrower in accordance  with its terms,  except as may be limited by bankruptcy,
insolvency or other similar laws affecting the  enforcement of creditors  rights
in general.  The  enforceability of the obligations of the Borrower hereunder is
subject  to  general   principles   of  equity   (regardless   of  whether  such
enforceability is considered in a proceeding in equity or at law).

               (d)  No Conflict. The  execution  and delivery by the Borrower of
this  Amendment  and the  performance by the  Borrower of the Amended  Financing
Agreement  do not and will not (i)  contravene,  in any  material  respect,  any
provision  of any law,  regulation,  decree,  ruling,  judgment or order that is
applicable to the Borrower or its  properties or other assets,  (ii) result in a
breach  of  or  constitute  a  default  under  the  charter,   bylaws  or  other
organizational documents of the Borrower, or any material agreement,  indenture,
lease or instrument binding

Seventh Amendment to Financing Agreement   2

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upon the  Borrower  or its  properties  or other  assets or (iii)  result in the
creation or  imposition of any liens on its  properties  other than as permitted
under the Financing Agreement.

               (e)  Governmental Consents. No authorization or approval or other
action  by,  and no notice to or filing  with,  any  governmental  authority  or
regulatory  body is required for the due execution,  delivery and performance by
the Borrower of this Amendment.

               (f)  Representations  and Warranties in the Financing  Agreement.
The  Borrower   confirms   that  as  of  the   Amendment   Effective   Date  the
representations and warranties contained in Section 6 of the Financing Agreement
are (before and after giving effect to this  Amendment)  true and correct in all
material respects (except to the extent any such  representation and warranty is
expressly stated to have been made as of a specific date, in which case it shall
be true and  correct as of such  specific  date) and that no Default or Event of
Default has occurred and is continuing.

        SECTION 4.   Miscellaneous.

               (a)  Reference to and Effect on the Existing Financing Agreement.

                    (i) Except as specifically amended by this Amendment and the
documents executed and delivered in connection herewith,  the Existing Financing
Agreement  shall  remain in full  force and effect  and is hereby  ratified  and
confirmed.

                    (ii)  The  execution  and  delivery  of this  Amendment  and
performance of the Amended  Financing  Agreement  shall not, except as expressly
provided herein, constitute a waiver of any provision of, or operate as a waiver
of any right, power or remedy of CITBC under, the Existing  Financing  Agreement
or any agreement or document executed in connection therewith.

                    (iii) Upon the  conditions  precedent set forth herein being
satisfied,  this Amendment shall be construed as one with the Existing Financing
Agreement,  and the  Existing  Financing  Agreement  shall,  where  the  context
requires, be read and construed throughout so as to incorporate this Amendment.

               (b)  Fees and Expenses. The Borrower acknowledges that all costs,
fees and expenses  incurred in connection  with this  Amendment  will be paid in
accordance with Section 7, Paragraph 4 of the Existing Financing Agreement.

               (c)  Headings. Section and subsection  headings in this Amendment
are included for  convenience  of reference only and shall not constitute a part
of this Amendment for any other purpose or be given any substantive effect.

               (d)  Counterparts.  This Amendment may be executed in one or more
counterparts,  each of  which  shall  be  deemed  an  original  but all of which
together shall  constitute  one and the same  instrument.

Seventh Amendment to Financing Agreement   3

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               (e)  Governing  Law.  This  Amendment  shall be  governed  by and
construed according to the laws of the State of California.

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

                                        SHARPER IMAGE CORPORATION, a Delaware
                                        corporation

                                           By:    Tracy Y. Wan
                                              -----------------------
                                           Name:  Tracy Y. Wan
                                               ------------------------
                                           Title: President, C.O.O
                                                -------------------------

                                           By:    Jeffrey P. Forgan
                                             ------------------------
                                           Name:  Jeffrey P. Forgan
                                               ------------------------
                                           Title: Senior C.F.O
                                                ------------------------

                                        THE CIT GROUP/BUSINESS CREDIT, INC., a
                                        New York corporation

                                           By:    Adrian Avalos
                                             ------------------------
                                           Name:  Adrian Avalos
                                               ------------------------
                                           Title: V.P.
                                                ------------------------

Seventh Amendment to Financing Agreement   4

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