Document:

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                                                                   Exhibit 10.10

                                 AMENDMENT NO. 5
                                       TO
              SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AND AGREEMENT

                               FOR URS W. STAMPFLI

         This Amendment No. 5 (this "Amendment"), dated as of November 28, 2005,
amends the Supplemental Executive Retirement Plan and Agreement for Urs W.
Stampfli dated as of April 19, 2000, as amended to date (the "SERP"), by and
between Concord Camera Corp., a New Jersey corporation, and Urs W. Stampfli (the
"Executive").

         WHEREAS, pursuant to Section 885(f) of the American Jobs Creation Act
of 2004 Public Law 108-357 (the "Act"), the provisions of Section 409A of the
Internal Revenue Code of 1986, as amended (the "Code"), will be applicable to
certain nonqualified deferred compensation plans, as defined in such Section
409A, with respect to amounts deferred after December 31, 2004;

         WHEREAS, amounts deferred on or prior to December 31, 2004 but not
vested on such date will be subject to Section 409A;

         WHEREAS, amounts deferred and vested on or prior to December 31, 2004
will not be subject to Section 409A provided the plan under which the deferred
amounts were made is not materially modified after October 3, 2004
("Grandfathered Amounts");

         WHEREAS, on December 20, 2004, the United States Department of the
Treasury and the Internal Revenue Service published Notice 2005-1 ("Notice
2005-1") to provide transitional guidance under Section 409A of the Code;

         WHEREAS, Notice 2005-1 permits an amendment of a plan on or prior to
December 31, 2005 to terminate the plan as to Grandfathered Amounts and
distribute the Grandfathered Amounts without subjecting the Grandfathered
Amounts to Section 409A, provided that the Grandfathered Amounts are includible
in the participant's income in calendar year 2005; and

         WHEREAS, the parties hereto desire to amend the SERP to terminate the
SERP as to the Grandfathered Amounts and to provide for the distribution of the
Grandfathered Amounts during calendar year 2005.

         NOW THEREFORE, in consideration of the premises and the mutual
covenants hereinafter contained, the parties hereto agree to the following:

         1. The SERP is hereby amended as of the date hereof to add the
following new paragraph 9 to the end of Article IX:

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                  "9. An Account with a balance that was vested as of December
         31, 2004 is not subject to the provisions of Section 409A (each such
         Account, a "Grandfathered Account" and, collectively, the
         "Grandfathered Accounts"). As of November 28, 2005, this Plan and
         Agreement is terminated as to Grandfathered Accounts. Notwithstanding
         any other provision of this Plan and Agreement to the contrary, the
         entire balance in each Grandfathered Account shall be distributed to
         the Executive on or before December 31, 2005. The provisions of
         paragraph 10, Article V of this Plan and Agreement shall not apply to
         any such termination."

         2. Continued Effect. Except as hereby amended, the SERP shall remain in
full force and effect including, but not limited to, the provisions applicable
to 409A Accounts (as such term is defined in the SERP).

         3. Counterparts. This Amendment may be executed in counterparts, each
of which shall be deemed an original and all of which together shall constitute
one and the same instrument.

         IN WITNESS WHEREOF, the parties have executed this Amendment on the day
and year first above written.

CONCORD CAMERA CORP.

By:  /s/ Alan Schutzman                              /s/ Urs W. Stampfli
     ------------------------------                  --------------------------
      Name: Alan Schutzman                           Urs W. Stampfli
      Title: SVP & General Counsel

                                      -2-<PAGE>

                                                                   EXHIBIT 10.11

                                GERALD J. ANGELI
                              TERMS OF EMPLOYMENT
                                      WITH
                              CONCORD CAMERA CORP.
                              AS OF APRIL 17, 2000

        1)     POSITION

               Vice President -- OEM Product Supply.

        2)     EMPLOYER

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

        3)     TERM

               Three years commencing on the first day of full-time employment
               with the Company. After the initial term, the employment is
               renewable on an annual basis subject to agreement by both
               parties. The employment may be terminated in accordance with
               Paragraph 11 below either during the initial term or any renewals
               thereof.

        4)     REPORTS TO

               Brian F. King, Senior Vice President, or such other person or
               persons as the Chairman & Chief Executive Officer may designate.

        5)     COMPENSATION

               Salary: $190,000 per annum payable in accordance with the
               Company's normal payroll policies for employees. The aforesaid
               salary amount is to be reviewed on an annual basis.

        6)     EXPENSE REIMBURSEMENT

               All reasonable documented expenses necessarily incurred in the
               performance of the employee's duties will be reimbursed in
               accordance with Company policies.

        7)     VACATION

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

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        8)     BONUS

               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. The
               initial review for bonus shall occur on or about June 30, 2000
               and cover the period from the initial date of employment through
               June 30, 2000. Subsequent bonus reviews shall take place every 12
               months thereafter.

        9)     OPTIONS

               The employee will be granted the following options to purchase
               shares of the common stock of Concord Camera Corp.

               15,000 shares to vest on the 1st year anniversary date
               15,000 shares to vest on the 2nd year anniversary date
               15,000 shares to vest on the 3rd year anniversary date

               The price of the options shall be the record share price as of
               the close of business on the signing date. The options shall be:
               (1) subject to the terms and conditions of the Company's standard
               option agreement; (2) conditioned upon the employee's execution
               and delivery of said agreement, as of the signing date. The grant
               of the aforesaid options does not establish any right of
               continued employment.

        10)    AUTOMOBILE ALLOWANCE

               Automobile allowance of $1,000 per month.

        11)    LOAN

               The Company has agreed to provide to the employee a loan in the
               amount of $30,000 as 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
               voluntarily by the employee then all amounts then due under
               the Promissory Note shall immediately become due and payable.
               Subject to employee's continued employment as of the below
               applicable forgiveness dates, the loan will be forgiven as
               follows:

               One third on the first anniversary date of employment (April 17,
               2001);
               One third on the second anniversary date of employment
               (April 17, 2002); and
               One third on the third anniversary date of employment (April 17,
               2003);

               If the employee has been terminated by the Company for any reason
               other than Cause, the Company will forgive the loan. In the event
               that the employee is terminated for cause all amounts then due
               under the Promissory Note shall immediately become due and
               payable. The employee consents to withdraw or offset from any
               amounts due to the employee from the Company, if applicable.

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        12)    BOSTON UNIVERSITY MANUFACTURING PROGRAM

               Employer acknowledges that employee is authorized to continue his
               participation in the Boston University Manufacturing Program. It
               is acknowledged that employee's participation will require him to
               attend 3-4 meetings per year, provided that such participation
               does not conflict with meetings that Employee is scheduled to
               attend on behalf of the Company. It is further agreed that
               employee will not be required to utilize vacation or personal
               time to participate in these meetings. All travel and other
               expenses relevant to this Program will be born by the Employee.

        13)    RELOCATION

               Employee agrees to relocate his primary residence to the
               Company's headquarters in Hollywood, Florida no later than May
               16, 2000, under the terms of the Company's standard relocation
               package (as described in section "A" of the June 12, 1998 memo
               provided herewith). If the actual cost to employee of moving his
               household possessions exceeds the $5,000 "moving allowance"
               described in the relocation package, the Company will reimburse
               him for such cost up to an amount that, when combined with the
               moving allowance, does not exceed a total of $12,000 for moving
               expenses.

        l4)    BENEFITS

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

               o    Life insurance at a rate of two (2) times base salary, up to
                    the maximum established in the plan.
               o    Medical and Dental insurance.
               o    Disability Insurance
               o    401K Plan

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

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       15)    TERMINATION

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

               o    Either party may terminate at any time for any reasons upon
                    giving the other party 30 days' written notice.

               o    If the Company terminates the employee for any reason other
                    than cause, the employee shall be entitled to one month's
                    base salary. In addition to the aforementioned one month's
                    salary, in the event the employer terminates the employee
                    for any reason other than cause then the employee will be
                    entitled to receive additional termination compensation at
                    the rate of one month's base salary for each three months of
                    employment, up to a maximum of 12 months base salary. It is
                    further agreed and understood that once employee has
                    accumulated a total of 12 months base salary as termination
                    benefits, the 12 months will be carried forward to
                    additional employment periods including any extensions
                    thereof.

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

               o    In the event that employee is terminated for any reason
                    other than cause prior to the 1st anniversary of employment
                    by "New Management", resulting from a change in control from
                    the Company's existing management, then and in that event
                    only, the options (15,000) scheduled to vest as of the 1st
                    anniversary employment date shall vest effective the date of
                    termination, notwithstanding such termination. In the event
                    of such termination all other option rights granted
                    hereunder will terminate effective the date of termination.

        16)    CONFIDENTIALITY AND INTELLECTUAL PROPERTY; NON-COMPETE; CODE OF
               CONDUCT

               Annexed hereto as Exhibits A, B and C, respectively, are
               provisions applicable to the employee which are incorporated
               herein by reference and are part of this Agreement. By signing
               this Term Sheet the employee acknowledges and agrees that he/she
               is and will be bound by the terms and conditions of Exhibits A, B
               and C. If a provision set forth in this Term Sheet conflicts with
               a provision set forth in one or more of the exhibits, then the
               provisions of this Term Sheet shall govern.

               In the event the employee fails to comply with the terms or
               conditions of Exhibits A, B or C, all stock options granted by
               the Company, pursuant to this agreement or otherwise, are thereby
               forfeited regardless of whether such options have vested,
               notwithstanding any other provision in this Term Sheet to the
               contrary.

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        17)    ACKNOWLEDGMENT OF REPRESENTATION BY COUNSEL

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

        18)    INDEMNIFICATION

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

        19)    ENTIRE AGREEMENT

               This Agreement (which includes all schedules and exhibits to
               same) contains the entire understanding and agreement among and
               between the parties and supersedes any prior understandings or
               agreements, oral or written, between them relating to the subject
               matter hereof. Any amendments to this Agreement must be in
               writing, signed by the parties affected by the amendment. The
               terms and conditions of all benefit plans and programs identified
               herein are incorporated by reference.

        20)    GOVERNING LAW

               This Agreement and the employment of the employee shall be
               governed by the laws of the State of Florida. Any litigation
               related to or arising out of this Agreement shall be brought
               within the courts of the State of Florida, or in the event the
               Company moves its principal place of business from the State of
               Florida, within the courts of the state of such other principal
               place of business. The parties agree that service of process may
               be effected by certified or registered mail, return receipt
               requested, or by regular mail if certified or registered mail is
               refused. The parties hereto agree to waive, and do hereby waive,
               trial by jury. The employee agrees and acknowledges that in the
               event of his or her violation of any term or condition of this
               Agreement that the Company may have no adequate remedy at law and
               shall, therefore, be entitled to enforce any provision hereof by
               temporary or permanent injunctive or mandatory relief obtained in
               any court of competent jurisdiction without the necessity of
               proving damage or posting any bond or other security and without
               prejudice to any other remedies that may be available to the
               Company at law or in equity.

               ACCEPTED AND AGREED:                       ACCEPTED AND AGREED:

               Employee                                   Concord Camera Corp.

               /s/ Gerald J. Angeli                       /s/ Brian F. King
               -----------------------------              ----------------------
               Gerald J. Angeli                           Brian F. King
                                                          Senior Vice President

               Date: 3-1-00                               Date: 3/1/00
               -----------------------------              ----------------------

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