Document:

EXHIBIT 10.4 - AVI AMRAM EMPLOYMENT AGREEMENT

                            EMPLOYMENT AGREEMENT
                            --------------------

     THIS EMPLOYMENT AGREEMENT (the "Agreement"), is made and entered into as
of the 4th day of March, 2002, at Pompano Beach, Broward County, Florida, by
and between Avi Amram ("Amram") and Liteglow Industries, Inc. ("Liteglow" or
the "Company"), a Utah corporation, whose principal office is located in
Pompano Beach, Florida

                                 RECITALS
                                 --------

     WHEREAS, Amram is an experienced business executive in manufacturing
and manufacturing operations as evidenced by Amram's resume appended hereto
as Exhibit "A" and incorporated herein by reference; and

     WHEREAS, Liteglow desires to employ an experienced executive as the
Company's Vice President of Manufacturing.

     NOW, THEREFORE, in consideration of the mutual promises contained in
this Agreement, Amram and Liteglow agree as follows:

       1. Employment. Conditioned upon all of the recitals being true and
correct, Liteglow will employ Amram and Amram accepts employment from
Liteglow upon the terms and conditions contained in this Agreement.

       2. Term. Liteglow will employ Amram for twenty-four (24) months
beginning March 1, 2002, and ending on February 28, 2004.  Not less than one
hundred and twenty (120) days prior to the expiration of this Agreement,
Amram shall contact the Company to discuss whether this Agreement will be
modified and/or extended.

       3. Duties.  Amram is engaged as Vice President of Manufacturing of
the Company.  Amram will report to the Chief Executive Officer of the
Company.  Amram is responsible for all manufacturing operations of the
Company including:

           3.1  neon products; and

           3.2  lowglow products; and

           3.3  custom neon products; and

           3.4  all other duties necessary to ensure the integrity and
                accuracy, and warranty of all manufactured products; and

<PAGE>

           3.5 perform other related duties incidental to the work described
herein.

       4. Compensation.  Liteglow will pay to Amram compensation as follows:

           4.1  Base Compensation.  Liteglow will pay to Amram an initial
base salary of Ninety Eight Thousand Eight Hundred Dollars ($98,800.00) less
legal withholdings, in accordance with company payroll policy.

           4.2  Reimbursement of Expenses.  In addition to payment of the
compensation described above, Liteglow shall reimburse Amram for such
reasonable out-of-pocket expenses (such as travel expenses) incurred directly
in connection with the performance of the services hereunder.

           4.3  Medical Insurance.  The Company shall pay for medical
insurance coverage for Amram as an individual (not family coverage).

           4.4  Vacation.  After completion of the first year of this
Agreement, Amram shall be entitled to two (2) weeks paid vacation for the
final year of this Agreement.

           4.5  Company Vehicle and Gas Credit Card.  Amram shall be entitled
to the use of a Company vehicle and a Company credit card for the purchase of
gas for business purposes.

       5. Extent of Services.  Amram will devote all of his time, attention,
and energies into the business of Liteglow, and shall not, during the term
of this Agreement, and successive terms of this Agreement, if applicable, be
engaged in any conflicting business or activity without the prior written
consent of the Liteglow Board of Directors.  For purposes of this Agreement,
the term "conflicting business" shall be defined as any business which
directly competes with the business of Liteglow.

       6. Amram Performance Review.  Within thirty (30) days after the
expiration of the first six (6) months of this Agreement, the Company's
Board of Directors will review Amram's performance and provide Amram with
an opportunity to discuss the review with a representative of the Board.

       7. Trade Secrets/Non-Competition/Confidentiality/Corrupt Practices Act.

           7.1  Trade Secrets.

             7.1.1  Amram promises and agrees that he will not disclose or
utilize any trade secrets, confidential information, or other proprietary
information acquired during the course of his service with Liteglow and/or
its related business entities.  As used herein "trade secret" means the
whole or any portion or phase of any formula, pattern, device, combination

<PAGE>

of devices, or compilation of information which is for use, or is used, in
the operation of Liteglow's business and which provides Liteglow an
advantage, or an opportunity to obtain an advantage, over those who do not
know or use it. "Trade secret" also includes any scientific, technical, or
commercial information, including any design, list of suppliers, list of
customers, or improvement thereof, as well as pricing information or
methodology, contractual arrangement with vendors or suppliers, business
development plans or activities, or Liteglow financial information.
However, "trade secret" shall not include information that is known to the
public generally or is obtained through sources outside Liteglow.

             7.1.2  During the term of this Agreement and for a period of
twenty-four (24) months from the expiration or termination of this Agreement,
and provided that Liteglow does not terminate this Agreement without cause
prior to the expiration of the initial six (6) months of this Agreement,
Amram agrees to refrain from engaging in a business which directly competes
with the business of Liteglow, whether as a partner, consultant, owner,
director, officer or employee, from soliciting current or former contacts of
Liteglow within the United States of America, from soliciting existing
contacts of Liteglow wherever located, and from disclosing customer lists,
trade secrets and other confidential information.  For the purposes of this
Agreement, the term "Business" shall be defined as the manufacture, sale,
and distribution of twelve (12) volt automotive neon products.

             7.1.3  For a period of twenty-four (24) months from the
expiration or termination of this Agreement, Amram promises and agrees that
he will not, without the express written consent of the Liteglow Board of
Directors, which consent will not be unreasonably withheld, directly or
indirectly employ, or directly or indirectly solicit to employ as a
consultant or employee, any person who is exclusively employed as a
consultant or employee of Liteglow as of January 22, 2002, or any person who
was an employee or consultant of Liteglow during the six (6) months preceding
January 22, 2002.

           7.2  Injunctive Relief. In recognition of the possibility
that any violation of this provision by Amram may cause irreparable or
indeterminate damage of injury to Liteglow, Amram expressly stipulates and
agrees that Liteglow shall be entitled, upon five (5) business days written
notice to Amram, to obtain an injunction from any court of competent
jurisdiction restraining any violation or threatened violation of this
provision.  Such right to an injunction shall be in addition to, and not in
limitation of, any other rights or remedies Liteglow may have for damages.

           7.3  Confidentiality.  It is the express intent of the parties
that any and all such information exchanged between the parties is to be

<PAGE>

considered as confidential and proprietary information and shall not be used
or be disclosed to any person or entity without the express written
permission of the party providing such information (the "furnishing party")
or as otherwise provided herein.  For purposes of this Agreement, the term
"Information" shall mean all written information, which we deem to be
confidential and proprietary to us, relating to our Products (including, but
not limited to, data, know-how, technical and non-technical materials, and
product samples and specifications) which we shall deliver to you pursuant
to this Agreement and which shall be in writing with the cover pages
stamped "Confidential".

           7.4  Federal Corrupt Practices Act.  Amram understands that
Liteglow is subject to the Federal Corrupt Practices Act as enacted in the
United States which prohibits any U.S. company from offering monetary or
other incentives to procure contracts to individuals, entities, or
government employees to which the individuals, entities, or government
employees would otherwise have no entitlement.  In recognition of this
prohibition, Amram promises to refrain from any activity which would
violate this prohibition or give the appearance of a violation.  Further,
Amram agrees to indemnify and hold Liteglow harmless from any claims or
damages resulting from an act or omission attributable to Amram which would
result in damages being imputed to, or assessed against, Liteglow.

       8. New Technologies, Process, etc.  Amram agrees to promptly disclose
to the Company any inventions, technologies, processes or discoveries by
Amram of any kind and nature whatsoever which he makes, discovers, or devises
as a result of, or in connection with, this employment by the Company which
inventions, technologies, processes or discoveries are reasonably related to
the business of the Company.  Amram shall assign and transfer all of his
right, title and interest in and to any such inventions, technologies,
processes or discoveries to the Company.  Further, Amram agrees to
execute any and all documents reasonably requested by the Company to
obtain patents or otherwise protect the proprietary nature of the
inventions, technologies, processes or discoveries.

       9. Termination and Severance.

           9.1  Termination Events.

             9.1.1  This Agreement shall terminate automatically in the
event of Amram's death, permanent disability or Amram's conviction of a
felony.  As used in this Agreement "permanent disability" shall mean Amram's
inability to perform services hereunder for a period of four (4) consecutive
months or for six (6) months in any twelve consecutive twelve (12) month
period.

             9.1.2  This Agreement shall terminate upon written notice from
Liteglow to Amram in the event of (a) Amram's failure or refusal to perform
reasonable directives of Liteglow when such directives are consistent with

<PAGE>

the scope and nature of Amram's duties and responsibilities hereunder; or
(b) any gross or willful misconduct of Amram resulting in loss to Liteglow;
or (c) Amram's conviction of a felony. Upon termination, Amram shall return
to the Company all material related to Liteglow's operations.

           9.2  Severance Pay Upon Termination

             9.2.1  Upon termination pursuant to Amram's death or
permanent disability, Amram will be entitled to receive all compensation and
benefits through the date of termination.

             9.2.2  In the event of termination resulting from a felony
conviction pertaining to Amram's employment, Amram will only be entitled to
receive his base salary through the date of termination.

             9.2.3 If Amram gives notice to terminate this Agreement
within the first six (6) months, then Amram will only be entitled to receive
his base compensation through the date of termination.  If Amram terminates
this Agreement after the first six (6) months, then Amram will be entitled
to receive his base salary through the date of termination and any
securities prorated through the date of termination.

             9.2.4 If Amram is terminated pursuant to Section 9.1.2
of this Agreement, then Amram shall not be entitled to receive any severance
pay whatsoever.

             9.2.5 Except as set forth in Section 9.2.4 above, if Amram is
terminated by Liteglow at any time during the term of this Agreement, Amram
shall receive five (5) months severance pay.

       10.    Entire Agreement.  This Agreement represents the entire
understanding and agreement between the parties with respect to the subject
matter of this Agreement, and supersedes all other negotiations,
understandings (including any prior employment agreement) and representations,
if any, made between such parties.

       11.  Amendments. This Agreement shall not be altered, amended or
modified unless it be in writing and signed by all parties to this Agreement.

       12.  Assignments.  Neither the Company nor Amram may assign or
transfer this Agreement or any obligation under this Agreement without
the prior written approval of the other.

       13.  Binding Effect.  All of the terms and provisions of this
Agreement, whether so expressed or not, shall be binding upon, inure to the
benefit of, and be enforceable by the parties and their respective personal
representatives, legal representatives, heirs, successors and permitted
assigns.

<PAGE>

       14.  Severability.  If any provision of this Agreement or any other
agreement entered into pursuant to this Agreement is contrary to, prohibited
by or deemed invalid under applicable law or regulation, such provision
shall be inapplicable and deemed omitted to the extent so contrary,
prohibited or deemed invalid under applicable law or regulation, such
provision shall be inapplicable and deemed omitted to the extent so
contrary, prohibited or invalid, but the remainder of such provision shall
not be invalidated and shall be given full force and effect so far as
possible.  If any provision of this Agreement may be construed in two or
more ways, one of which would render the provision invalid or otherwise
voidable or unenforceable and another of which would render the provision
valid and enforceable, such provision shall have the meaning which renders
it valid and enforceable.

       15.  Notices.  All notices, requests, demands, consents and other
communications required or permitted under this Agreement shall be in
writing (including telex and telegraphic communication) and shall be (as
elected by the person giving such notice) hand delivered by messenger or
courier service, telecommunicated, or mailed (airmail if international) by
registered or certified mail (postage prepaid), return receipt requested,
addressed to:

If to Amram:             Avi Amram
                         7850 Largo Del Mar Drive
                         Boca Raton, Florida 33433

If to the Company:       Spencer Krumholz, Chairman and CEO
                         Liteglow Industries, Inc.
                         2301 N.W. 33rd Court, Suite 112
                         Pompano Beach, Florida 33069

With a copy to:          David A. Carter, Esq.
                         David A. Carter, P.A.
                         2300 Glades Road
                         Suite 210, West Tower
                         Boca Raton, Florida 33431

     Each such notice shall be deemed delivered:  (a) on the date delivered
if by personal delivery; (b) on the date of transmission with confirmed
answer back if by telefax or other telegraphic method; or (c) on the date
upon which the return receipt is signed or delivery is refused or the notice
is designated by the postal authorities or courier service as not
deliverable, as the case may be, if mailed or couriered.

       16.  Jurisdiction and Venue.  The parties acknowledge that a
substantial portion of negotiations, anticipated performance and
execution of this Agreement occurred or shall occur in Broward County,
Florida.  Regardless of any location of such occurrences, each of the parties
irrevocably and unconditionally:  (a) agrees that any suit, action or legal
proceeding arising out of or relating to this Agreement shall be brought in
the courts of record of the State of Florida in Broward County or the

<PAGE>

Federal District Court of the United States, Southern District of Florida;
(b) consents to the jurisdiction of each such court in any such suit,
action or proceeding; (c) waives any objection which it may have to the
laying of venue of any such suit, action or proceeding in any of such
courts; and (d) agrees that service of any court paper may be effected
on such party by mail, as provided in this Agreement, or in such other
manner as may be provided under applicable laws or court rules in State
of Florida.

       17.  Attorneys Fees:  The parties covenant and agree that if a
default or disagreement occurs pursuant to or concerning this Agreement
which necessitates legal proceedings, the prevailing party shall be entitled
to recover reasonable costs and attorneys fees, inclusive of appellate and
bankruptcy proceedings.

       18. Governing Law.  This Agreement and all transactions contemplated
by this Agreement shall be governed by, and construed and enforced in
accordance with, the internal laws of the State of Florida without regard
to principles of conflicts of laws.

       19.  Counterparts.  This Agreement may be executed in counterparts,
each of which when so executed shall be deemed to be an original and such
counterparts shall together constitute one and the same instrument.

       20.  Other Obligations of the Company.  The Company will add Amram to
the Company's Director and Officer's Liability Policy, said coverage to
commence and continue during Amram's term of employment with the Company.

     IN WITNESS WHEREOF, the parties have executed this Agreement this ____
day of January, 2002.

                              LITEGLOW INDUSTRIES, INC.

                           By:/s/Spencer Krumholz
                              -------------------
                              Spencer Krumholz
                         Its: Chairman and CEO

                              EMPLOYEE:

                              /s/Avi Amram
                              ----------------
                              Avi Amram

<PAGE>FIFTH AMENDMENT TO REVOLVING CREDIT AGREEMENT

     This FIFTH AMENDMENT is dated as of the 3rd day of May, 2002 and is by and
between FLEET NATIONAL BANK having an office at 750 Walnut Avenue, Cranford,
New Jersey 07016 (the "Bank"), and SYMS CORP., a New Jersey corporation having
an address at One Syms Way, Secaucus, New Jersey 07094 (the "Borrower").

                                   WITNESSETH:

     WHEREAS, the Borrower and the Bank have entered into a Revolving Credit
Agreement dated as of December 1, 1993, as amended by that certain First
Amendment to Revolving Credit Agreement dated as of November 24, 1997, as
further amended by that certain Second Amendment to Revolving Credit Agreement
dated as of May 27, 2000, as further amended by that certain Third Amendment to
Revolving Credit Agreement dated as of November 25, 2000, and as further amended
by that certain Fourth Amendment to Revolving Credit Agreement dated as of May
4, 2001 (as amended, the "Credit Agreement"); and

     WHEREAS, the Borrower and the Bank have agreed to amend certain terms of
the Credit Agreement as more fully described herein.

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

     1. Definitions. Except as otherwise defined herein, terms defined in the
Credit Agreement shall have the same meaning when used herein.

     2. Amendment of Credit Agreement. The Credit Agreement is hereby amended as
follows (all Section references are to the corresponding Sections of the Credit
Agreement):

          (a) The definition of "Base Rate" is deleted in its entirety. Each
     reference in this Agreement to "Base Rate" shall be deemed to be "Prime
     Rate."

          (b) The definition of "Commitment" which appears in Section 1.1 is
     amended to read as follows:

               "Commitment" shall mean $20,000,000, or such lower amount to
          which the Commitment shall be reduced by the Borrower in accordance
          with the terms hereof. Included within the Commitment is a $10,000,000
          sublimit for commercial and standby letters of credit ("Letters of
          Credit"). All Letters of Credit shall expire no later than one year
          after the Maturity Date. No Letter of Credit shall expire more than
          365 days from issuance.

1
<PAGE>

          (c) The definition of "Consolidated Rental Payments" which appears in
     Section 1.1 is amended to read as follows:

               "Consolidated Rental Payments" shall mean for any period, all
               rental payments in respect of operating leases, and shall also
               include all payments under any other leases including but not
               limited to common area maintenance charges and real estate taxes,
               paid in cash by Borrower and its Consolidated Subsidiaries, each
               as determined in accordance with GAAP.

          (d) The definition of "Maturity Date" which appears in Section 1.1 is
     amended to read as follows:

               "Maturity Date" shall mean May 2, 2003.

          (e) The following new definitions are hereby added to Section 1.1:

               "Prime Rate" means the variable per annum rate of interest so
               designated from time to time by the Bank as its prime rate. The
               Prime Rate is a reference rate and does not necessarily represent
               the lowest or best rate being charged to any customer.

          (f)  Section 2.5 (a) is amended to read as follows:

               (a) Except as provided in subsection (b) below, each Note shall
               bear interest from the date thereof on the outstanding daily
               principal balance thereunder at a fluctuating rate per annum
               equal to the Floating Rate. As used herein, the term "Floating
               Rate" shall mean the greater of (i) the Prime Rate minus: (x)
               .50%, if the Fixed Charge Coverage Ratio is not less than 1.20 to
               1.0 but not greater then 1.35 to 1.0; (y) .625%, if the Fixed
               Charge Coverage Ratio is not less than 1.36 to 1.0 but not
               greater than 1.50 to 1.0; and (z) .75%, if the Fixed Charge
               Coverage Ratio is greater than or equal to 1.51 to 1.0, or (ii)
               the Federal Funds Rate plus one and one-quarter of one percent (1
               1/4%). Each change in the Prime Rate or the Federal Funds Rate
               shall be effective as of the opening of business on the day on
               which such change shall be announced an be effective.

          (g) Section 2(b)(i) is amended by deleting the first sentence and
     replacing it with the following:

                    (i) A rate per annum (the "LIBOR Rate") equal to: (x) 1.00%
               plus the Base LIBOR Rate, if the Fixed Charge Coverage Ratio is
               not less than 1.20 to 1.0 but not greater than 1.35 to 1.0; (y)
               .875%, plus the Base LIBOR Rate, if the Fixed Charge Coverage
               Ratio is not less than 1.36 to 1.0 but not greater than 1.50 to
               1.0; and (z) .75% plus the Base LIBOR Rate, if the Fixed Charge
               Coverage Ratio is greater than 1.51 to 1.0.

          (h) Section 2.5(b) (ii) is deleted in its entirety and all references
     to "Secondary CD Based Rate" and "Reserve Adjusted Secondary CD Rate"
     throughout the Credit Agreement shall be eliminated.

2
<PAGE>

          (i) Section 2.9 is amended to read as follows:

          2.9 Commitment Fee. The Borrower agrees to pay to the Bank a
     commitment fee on the average daily unused portion of the applicable
     Commitment from time to time, from the date hereof until the termination of
     the Commitment as provided in Section 2.10 hereof, at a rate per annum as
     follows: (x) .375%, if the Fixed Charge Coverage Ratio is not less than
     1.20 to 1.0 but not greater than 1.35 to 1.0; (y) .25%, if the Fixed Charge
     Coverage Ratio is not less than 1.36 to 1.0 but not greater than 1.50 to
     1.0; and (z) .125% if the Fixed Charge Coverage Ratio is greater than 1.51
     to 1.0. Such commitment fee shall be payable, in arrears, on the first
     Business Day of each calendar quarter commencing July 1, 2002, and on the
     first Business Day of each October, January, April and July thereafter. The
     commitment fee shall be computed on the basis of the actual number of days
     elapsed over a year of 360 days (having 12 months of 30 days each).

          (j) Article II is amended by adding the following new sections at the
     end thereof:

          2.14 Letters of Credit. The Borrower agrees to pay to the Bank a
     letter of credit fee for each letter of credit issued by the Bank at the
     request of Borrower as follows:

          (a) 1.00%, if the Fixed Charge Coverage Ratio is not less than 1.20 to
     1.0 but not greater then 1.35 to 1.0; (b) .875%, if the Fixed Charge
     Coverage Ratio is not less than 1.36 to 1.0 but not greater than 1.50 to
     1.0; and (c) .75%, if the Fixed Charge Coverage Ratio is greater than or
     equal to 1.51 to 1.0.

          2.15 Application of Payments. All payments shall be applied first to
     the payment of all fees, expenses and other amounts due to the Bank
     (excluding principal, and interest, and the balance on account of
     outstanding principal; provided, however, that after default, payments will
     be applied to the obligations of Borrower to Bank as Bank determines in its
     sole discretion.

          2.16 Payment of Fees and Expenses. Borrower shall pay on demand all
     expenses of Bank in connection with the preparation, administration,
     default, collection, waiver or amendment of loan terms, or in connection
     with Bank's exercise, preservation or enforcement of any of its rights,
     remedies or options hereunder, including, without limitation, fees of
     outside legal counsel or the allocated costs of in-house legal counsel,
     accounting, consulting, brokerage or other similar professional fees or
     expenses, and any fees or expenses associates with travel or other costs
     relating to any appraisals or examinations conducted in connection with the
     loan or any collateral therefor and the amount of all such expenses shall,
     until paid, bear interest at the rate applicable to principal hereunder
     (including the Default Rate) and be an obligation secured by any
     collateral.

          2.17 Interest Computation. All computations of interest shall be made
     on the basis of a three hundred sixty (360) day year and the actual number
     of days elapsed.

          2.18 Default Rate. Upon an Event of Default (whether or not the Bank
     has accelerated payment of the Revolving Credit Note), the Borrower's right
     to select pricing options shall cease, and the obligations shall bear
     interest, payable on demand, at a rate, per annum, determined on a daily
     basis, of three (3%) percent in excess of the Prime Rate, but in no event
     more than the highest rate permitted by the applicable usury law in respect
     of the Borrower, until the unpaid balance of the principal sum and interest
     shall have been paid in full.

          2.19 Replacement of Promissory Note of Other Documents. Upon receipt
     of an affidavit of an officer of the Bank as to the loss, theft,
     destruction or mutilation of the Revolving Credit Note or any other
     security document which is not of public record, and in the case of any
     such loss, theft, destruction or mutilation upon surrender and cancellation
     or such note or other document, Borrower will issue, in lieu thereof, a
     replacement Revolving Credit Note or other security document in the same
     principal amount thereof and otherwise of like tenor.

3
<PAGE>

          2.20 Late Fee. If the entire amount of any required principal and/or
     interest is not paid in full within ten (10) days after the same is due,
     Borrower shall pay to Bank a late fee equal to five percent (5%) of the
     required payment.

          2.21 Interest Limitation. All agreements between Borrower and Bank are
     hereby expressly limited so that in no contingency or event whatsoever,
     whether by reason of acceleration of maturity of the indebtedness evidenced
     hereby or otherwise, shall the amount paid or agree to be paid to Bank for
     the use or the forbearance of the indebtedness evidence hereby exceed the
     maximum permissible under applicable law. As used herein, the term
     "applicable law" shall mean the law in effect as of the date hereof;
     provided, however, that in the event there is a change in the law which
     results in a higher permissible rate of interest, then the Revolving Credit
     Note shall be governed by such new law as of its effective date. In this
     regard, it is expressly agreed that it is the intent of Borrower and Bank
     in the execution, delivery and acceptance of the Revolving Credit Note to
     contract in strict compliance with the laws of the State of New Jersey from
     time-to-time in effect. If, under or from any circumstances whatsoever,
     fulfillment of any provision hereof or of any of the Loan Documents at the
     time of performance of such provision shall be due, shall involve
     transcending the limit of such validity prescribed by applicable law, then
     the obligation to be fulfilled shall automatically be reduced to the limits
     of such validity, and if under or from circumstances whatsoever Bank should
     ever receive as interest an amount which would exceed the highest lawful
     rate, such amount which would be excessive interest shall be applied to the
     reduction of the principal balance evidenced hereby and not to the payment
     of interest. This provision shall control every other provision of all
     agreements between Borrower and Bank.

          2.22 Use of Proceeds (Regulation U). No portion of the proceeds of the
     loan shall be used, in whole or in part, for the purpose or purchasing or
     carrying any "margin stock" as such term is defined in Regulation U of the
     Board of Governors of the Federal Reserve System.

          (k) Section 6.12 is amended to read as follows:

          6.12 Capital Expenditures. The Borrower shall not permit the sum of
          Capital Expenditures plus Dividends to exceed $10,000,000 at the end
          of its fiscal year.

          (l) Section 6.21 is hereby amended as follows:

          6.21 Notwithstanding the foregoing, during a single period comprised
     of any 30 consecutive days prior to the Maturity Date, there shall be no
     advances outstanding hereunder.

     (m) Article X is hereby amended by adding the following Sections at the end
thereof:

     10.10 Pledge to the Federal Reserve. The Bank may at any time pledge all or
any portion of its rights under the Loan Documents including any portion of the
Note to any of the twelve (12) Federal Reserve Banks organized under Section 4
of the Federal Reserve Act, 12 U.S.C. Section 341. No such pledge or enforcement
thereof shall release the Bank from its obligations under any of the Loan
Documents.

     10.11 Sale of Loan. The Bank shall have the unrestricted right at any time
or from time to time, and without Borrower's consent, to assign all or any
portion of its rights and obligations hereunder to one or more banks or other
financial institutions (each, an "Assignee"), and Borrower agrees that it shall
execute or cause to be executed such documents, including, without limitation,
amendments to

4
<PAGE>

the Agreement and to any other documents, instruments and agreements executed in
connection herewith as Bank shall deem necessary to effect the foregoing. In
addition, at the request of Bank and any such Assignee, Borrower shall issue one
or more new promissory notes, as applicable, to any such Assignee and, if Bank
has retained any of its rights and obligations hereunder following such
assignment, to Bank, which new promissory notes shall be issued in replacement
of, but not in discharge of, the liability evidenced by the promissory note held
by Bank prior to such assignment and shall reflect the amount of the respective
commitments and loans held by such Assignee and Bank after giving effect to such
assignment. Upon the execution and delivery of appropriate assignment
documentation, amendments and any other documentation required by Bank in
connection with such assignments, and the payment by Assignee of the purchase
price agreed to by Bank and such Assignee, such Assignee shall be a party to the
Agreement and shall have all of the rights and obligations of Bank hereunder
(and under any and all other guaranties, documents, instruments and agreements
executed in connection herewith) to the extent that such rights and obligations
have been assigned by Bank pursuant to the assignment documentation between Bank
and such Assignee, and Bank shall be released from its obligations hereunder and
thereunder to a corresponding extent. The Bank may furnish any information
concerning the Borrower to a prospective Assignee(s), provided that the Bank
shall require such prospective Assignee to agree in writing to maintain the
confidentiality of such information.

     10.12 Integration Clause. The Loan Documents are intended by the parties as
the final, complete and exclusive statement of the transactions evidenced by the
Credit Agreement and the other Loan Documents. All prior or contemporaneous
promises, agreements and understandings, whether oral or written, are deemed to
be superseded by the Credit Agreement and the other Loan Documents, and no party
is relying upon any promise, agreement or understanding not set forth in the
Credit Agreement and the other Loan Documents. The Credit Agreement may not be
amended or modified except by a written instrument describing such amendment or
modification executed by Borrower and Bank.

     10.13 Setoff. The Borrower hereby grants to the Bank a lien, security
interest and right of setoff as security for all liabilities and obligations to
the Bank, whether now existing or hereafter arising, upon and against all
deposits, credits, collateral and property, now or hereafter in the possession,
custody, safekeeping or control of the Bank or any entity under the control of
FleetBoston Financial Corporation and its successors and assigns, or in transit
to any of them (collectively, the "Deposits"). In addition to the Bank's common
law setoff rights and not in limitation thereof, at any time, without demand or
notice, the Bank may set off the same or any part thereof and apply the same to
any liability or obligation of the Borrower even though unmatured and regardless
of the adequacy of any other collateral securing the Obligations. ANY AND ALL
RIGHTS TO REQUIRE THE BANK TO EXERCISE ITS RIGHTS OR REMEDIES WITH RESPECT TO
ANY OTHER COLLATERAL WHICH SECURES THE LOAN, PRIOR TO EXERCISING ITS RIGHT OF
SETOFF WITH RESPECT TO SUCH DEPOSITS, CREDITS OR OTHER PROPERTY OF THE BORROWER,
ARE HEREBY KNOWINGLY, VOLUNTARILY AND IRREVOCABLY WAIVED. Such right of debit
may be exercised by the Bank against the Borrower or against any bankruptcy
trustee, debtor-in-possession, assignee for the benefit of creditors, receiver,
or execution, judgment, or attachment creditor of the Borrower, or against
anyone else claiming through or against the Borrower.

     Furthermore, in the event any attachment, trustee process, garnishment, or
other levy or lien (collectively a "Garnishment") issues against any Deposits
(the "Liened Funds"), then the Bank shall have the unconditional right, without
prior notice to the Borrower, to debit any such Liened Funds immediately prior
to giving effect to such Garnishment and apply the same to any indebtedness of
the Borrower to the Bank under the Loan Documents, whether or not the same has
matured.

     In addition, without limiting any of the foregoing rights, during the
existence of an Event of Default (or any event which with the passage of time,
giving of notice, or both, would constitute an Event of Default), the Bank shall
have the right, without notice, to "freeze" or segregate any or all of the
Deposits such that the Borrower may not access, control, or draw upon them.

5
<PAGE>

     10.14 Collateral Pledge. Bank may transfer Collateral into its name or that
of its nominee and may receive the income and any distributions thereon and hold
the same as Collateral for the Obligations, or apply the same to any Obligation,
whether or not a Default or any Event of Default has occurred.

     (n) Section 10.1 shall be amended to by deleting "Wolff & Samson" and the
address therefor and replacing it with: "Emmet, Marvin & Martin, LLP, 177
Madison Avenue, Morristown, New Jersey; Attention: Elyse D. Beidner, Esq."

     3. Substitute Note. Concurrently herewith, the Borrower shall execute and
deliver to the Bank a fourth substitute revolving credit note (the "Substitute
Note") which shall supersede, and be in substitution for, the third substitute
revolving credit note dated as of May 4, 2001 (the "Prior Note") executed and
delivered by the Borrower to the Bank. It is expressly agreed that the execution
and delivery of such Substitute Note shall not evidence or represent a
refinancing, repayment, accord and satisfaction or novation of the indebtedness
evidenced by the Prior Note. As soon as practicable following its receipt of the
Substitute Note, the Bank will return the Prior Note to the Borrower for
cancellation.

     4. Representations and Warranties. In order to induce the Bank to enter
into this Agreement and amend the Credit Agreement as provided herein, the
Borrower hereby represents and warrants to the Bank that:

     (a) All of the representations and warranties of the Borrower set forth in
the Credit Agreement are true, complete and correct in all material respects on
and as of the date hereof with the same force and effect as if made on and as of
the date hereof and as if set forth at length herein (except that
representations and warranties which are expressly stated to be as of a certain
date are true, complete and correct in all material respects as of such certain
date).

     (b) No Default or Event of Default presently exists and is continuing on
and as of the date hereof.

     (c) Since the date of the Borrower's most recent financial statements
delivered to the Bank, no material adverse change has occurred in the business,
assets, liabilities, financial condition or results of operations of the
Borrower, and no event has occurred or failed to occur which has had, or
reasonably may be expected to have, a material adverse effect on the business,
assets, liabilities, financial condition or results of operations of the
Borrower.

     (d) The Borrower has full power and authority to execute, deliver and
perform any action or step which may be necessary to carry out the terms of this
Agreement and all other agreements, documents and instruments executed and
delivered by the Borrower to the Bank concurrently herewith or in connection
herewith (collectively, the "Amendment Documents"); each Amendment Document to
which the Borrower is a party has been duly executed and delivered by the
Borrower and is the

6
<PAGE>

legal, valid and binding obligation of the. Borrower enforceable in accordance
with its terms, subject to any applicable bankruptcy, insolvency, general equity
principles or other similar laws affecting the enforcement of creditor's rights
generally.

     (e) The execution, delivery and performance of the Amendment Documents will
not (i) violate any provision of any existing law, statute, rule, regulation or
ordinance (ii) conflict with, result in a breach of or constitute a default
under (a) any order, judgment, award or decree of any court, governmental
authority, bureau or agency, or (b) any mortgage, indenture, lease, contract or
other agreement or undertaking to which the Borrower is a party or by which the
Borrower or any of its properties or asset may be bound, or (iii) result in the
creation or imposition of any lien or other encumbrance upon or with respect to
any property or asset now owned or hereafter acquired by the Borrower.

     (f) Except for such filing as may be required under the Securities Exchange
Act of 1934, as amended, which filing (if required) shall be made by the
Borrower as and when required, no consent, license, permit, approval or
authorization of, exemption by, notice to, report to, or registration, filing or
declaration with any person is required in connection with the execution,
delivery, performance or validity of the Amendment Documents or the transactions
contemplated thereby.

     5. Bank Costs. The Borrower agrees to reimburse the Bank for all reasonable
costs and expenses, including reasonable counsel fees and disbursements,
incurred by the Bank in connection with the Amendment Documents and the
transactions contemplated therein. If such amounts are not paid within ten days
of the Bank's request therefor, the Borrower hereby authorizes the Bank to
charge the Borrower's account for the amount of such fees and expenses.

     6. No Change. Except as expressly set forth herein, all of the terms and
provisions of the Credit Agreement shall continue in full force and effect and
are hereby ratified and confirmed in all respects.

     7. Counterparts. This Agreement may be executed by the parties hereto in
separate counterparts and all such counterparts taken together shall constitute
one and the same instrument.

     8. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of New Jersey.

     IN WITNESS WHEREOF, the Borrower and the Bank have executed this Agreement
as of the date above written.

                                             FLEET NATIONAL BANK

                                             By:  /s/ WILLIAM DINICOLA
                                                  ----------------------------
                                                  Name:  William DiNicola
                                                  Title: Senior Vice President

7
<PAGE>

                                             SYMS CORP.
Attest:

----------------------                       By:  /s/ ANTONE F. MOREIRA
                                                  ---------------------------
                                                  Name:  Antone F. Moreira
                                                  Title: Vice President & CFO

8
<PAGE>

                     FOURTH SUBSTITUTE REVOLVING CREDIT NOTE

$20,000,000                                                    As of May 3, 2002

     FOR VALUE RECEIVED, the undersigned, SYMS CORP, a New Jersey corporation
(the "Borrower"), hereby unconditionally promises to pay on or before the
Maturity Date, to the order of FLEET NATIONAL BANK, a national banking
association (successor by merger to Summit Bank) (the "Bank"), at the office of
the Bank located at 750 Walnut Avenue, Cranford, New Jersey, 07016 or at such
other location as the Bank shall designate, in lawful money of the United States
of America and in immediately available funds, the principal amount of the
lesser of (i) $20,000,000 or (ii) so much thereof as shall have been advanced
(the "Advances") by the Bank to the Borrower pursuant to that certain Revolving
Credit Agreement between the Borrower and the Bank dated December 1, 1993, as
amended (as amended, the "Credit Agreement"). Terms defined in the Credit
Agreement shall have the same meaning when used herein. All of the terms and
provisions of the Credit Agreement are incorporated herein by reference as if
set forth at length herein.

     The Borrower further agrees to pay interest in like money at such office on
the unpaid principal amount hereof from time to time as hereinafter provided.
Except as hereinafter provided, the unpaid principal amount hereof shall bear
interest commencing with the date hereof at a fluctuating rate per annum equal
to the Prime Rate.

     The Borrower may elect to have all or any portion of the outstanding
principal balance of this Note, in an amount equal to or greater than $500,000
(and, if greater, in additional increments of $100,000), bear interest at the
LIBOR Rate for any Interest Period, to the extent and in the manner provided in
the Credit Agreement.

     Interest shall be calculated on the basis of a 360-day year for the actual
number of days elapsed and, except for that portion of this Note bearing
interest at a Fixed Rate, shall be adjusted automatically as of the opening of
business on each day on which any change in the Base Rate or the Federal Funds
Rate shall be announced and be effective.

     Except for that portion of this Note bearing interest at a Fixed Rate,
installments of accrued interest only shall be due and payable hereon quarterly,
in arrears, with the first such installment being due and payable on the first
Business Day of the first calendar quarter following the date hereof, and the
remainder of such quarterly installments of interest being due and payable on
the first Business Day of each and every calendar quarter thereafter until this
Note shall have been paid in full.

     The Borrower shall pay (i) the outstanding principal amount of each Fixed
Rate Loan on each Fixed Rate Interest Payment Date applicable thereto and (ii)
all unpaid interest accrued on such Fixed Rate Loan on the first Business Day of
each calendar quarter following the making of such Fixed Rate Loan and on the
Fixed Rate Interest Payment Date; provided, however, that if any Fixed Rate
Interest Payment Date shall not be a Business Day, then such payment shall be
made on the next succeeding Business Day, unless, with respect to that portion
of this Note which bears interest at a LIBOR Rate, the next such succeeding
Business Day falls in the next calendar month, in which case such payment shall
be made in the next preceding Business Day.

<PAGE>

     All Advances made by the Bank to the Borrower hereunder may be noted by the
Bank on any schedule or other record annexed hereto or otherwise so designated,
and the Bank is authorized to make such notations, which shall be prima facia
evidence of the principal amount outstanding hereunder at any time; provided,
however, that any failure to make such a notation (or any error in notation)
shall not limit or otherwise affect the obligation of the Borrower hereunder
which are and shall remain absolute and unconditional.

     The Borrower agrees to pay to the Bank the commitment fee provided for in
the Credit Agreement.

     The Borrower shall pay to the Bank a late charge of five percent (5%) of
any amount due hereunder or under the Credit Agreement if such amount is not
received by the Bank within ten calendar days after the date it is due;
provided, however, that such late charge shall not be less than $25 nor more
than $2,500. The acceptance by the Bank of payment of the late charge shall not
be considered an election of remedies or waiver by the Bank of any of its rights
or remedies.

     The Bank may declare this Note to be immediately due and payable if any of
the following events shall have occurred and be continuing:

     (1) Failure by the Borrower to (i) make any payment of principal on this
Note or under the Credit Agreement on any date when due or (ii) make any payment
of interest or commitment fee payable hereunder or under the Credit Agreement
within 15 days from any date when due; or

     (2) An Event of Default shall have occurred under the Credit Agreement.

     Upon any nonpayment of any amount owing under this Note at its stated or
accelerated maturity, the Bank may, in addition to such other and further rights
and remedies as provided by law or under the Credit Agreement, (i) collect
interest on such overdue amount from the date of such maturity until paid at a
rate per annum equal to the Prime Rate plus three (3%) percent, (ii) setoff such
amount against any deposit account maintained in the Bank by the Borrower, and
such right of setoff shall be deemed to have been exercised immediately upon
such stated or accelerated maturity even though such setoff is not noted on the
Bank's records until a later time and (iii) hold as security any property
heretofore or hereafter delivered into the custody, control or possession of the
Bank or any entity acting as agent for the Bank (other than property contained
in any safe deposit box maintained in the Bank) by any person liable for the
payment of this Note.

                                       2
<PAGE>

     This Note is being issued in substitution for that certain Third Substitute
Revolving Credit Note dated as of May 4, 2001 in the maximum principal amount of
$30,000,000 executed and delivered by the Borrower in favor of the Bank (the
"Prior Note"). The execution and delivery of this Note shall not evidence or
represent a refinancing, repayment, accord and satisfaction or novation of the
Prior Note or the indebtedness evidenced thereby.

     This Note may not be changed orally, but only by an agreement in writing,
signed by the party against whom enforcement of any waiver, change, modification
or discharge is sought.

     Should the indebtedness represented by this Note or any part hereof be
collected at law or in equity, or in bankruptcy, receivership, or any other
court proceeding, or should this Note be placed in the hands of attorneys for
collection upon default, the Borrower agrees to pay, in addition to the
principal and interest due and payable hereon, all reasonable costs of
collecting or attempting to collect this Note, including reasonable attorneys'
fees and expenses.

     This Note shall be and remain in full force and effect and in no way
impaired until the actual payment thereof to the Bank, its successors or
assigns.

     Anything herein to the contrary notwithstanding, the obligations of the
Borrower under this Note shall be subject to the limitation that payments of
interest shall not be required to the extent that receipt of any such payment by
the Bank would be contrary to provisions of law applicable to the Bank limiting
the maximum rate of interest which may be charged or collected by the Bank.

     The Borrower and all endorsers and guarantors of this Note hereby waive
presentment, demand for payment, protest and notice of dishonor of this Note.

     This Note is binding upon the Borrower and its successors and assigns and
shall inure to the benefit of the Bank and its successors and assigns.

     This Note and the rights and obligations of the parties hereto shall be
subject to and governed by the laws of the State of New Jersey.

     IN WITNESS WHEREOF, the undersigned has caused this Third Substitute
Revolving Credit Note to be duly executed by its authorized officers, as of the
day and year above written.

ATTEST:                                      SYMS CORP.

By:                                          By: /s/ ANTONE F. MOREIRA
  ---------------------------                    ---------------------------
     Name:                                       Name:  Antone F. Moreira
     Title:                                      Title: Vice President & CFO

                                       3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}]]