Document:

<PAGE>
                                                                   Exhibit 10.59

                           THE JOINT VENTURE FORMED BY
                              GREAT AMERICAN GROUP,
                    GORDON BROTHERS RETAIL PARTNERS, LLC AND
                              DJM ASSET MANAGEMENT
                                ONE PARKWAY NORTH
                                    SUITE 520
                            DEERFIELD, ILLINOIS 60015

                                December 14, 2001

Tractor Supply Company
320 Plus Market Blvd
Nashville, TN 37217
Attn: Mr. James Wright

                  Re:      Quality Stores, Inc., et al. Debtors

Dear Mr. Wright:

                  As you are aware from discussions being had between Tractor
Supply Company ("TSC"), Great American Group ("Great American"), Gordon Brothers
Retail Partners, LLC ("GBRP"), and DJM Asset Management ("DJM")(Great American,
GBRP and DJM are collectively referred to herein as "GA/GBRP"), GA/GBRP and TSC
are in the process of formulating and presenting to Quality Stores, Inc., et
al., debtors and debtors in possession (collectively, the "Debtors"), a
comprehensive proposal (the "Proposal") to acquire, and/or the right to direct
the disposition of, certain assets and/or contractual rights of the Debtors,
including, without limitation, certain merchandise inventories, furniture,
fixtures and equipment, and real estate interests (collectively, the "Assets"),
which disposition rights would be exclusive in nature (the "Transaction").

                  As you also are aware from our discussions, included among the
Assets that are covered by the Transaction, and therefore would be subject to
such exclusive acquisition and disposition rights, are those various (i) owned
realty interests and (ii) non-residential real property leases (including,
without limitation, any and all FF&E associated therewith) that TSC has
identified to GA/GBRP that it desires to acquire by way of sale and/or
assumption and assignment from the Debtors, as the case may be (collectively,
the "TSC Identified Properties"), which TSC Identified Properties appear in
Schedule 1 hereto and incorporated herein.

                  The purpose of this Letter is to memorialize, for the mutual
benefit of GA/GBRP and TSC, the understandings and agreements reached between
and among them in respect of the Transaction, subject in all respects to the
conditions set forth in Section 5 below.
<PAGE>
1.                TSC Offer to Acquire Debtor-Owned Assets. TSC, in conjunction
                  with GA/GBRP, shall formulate and submit the Proposal for the
                  Debtors' consideration providing that TSC will acquire, or
                  acquire the right to direct and cause the disposition of, all
                  or substantially all of the Debtors' owned assets, including,
                  but not limited to, merchandise inventories, furniture,
                  fixtures and equipment, real estate, and certain other
                  tangible and intangible rights and interests to be set forth
                  with particularity in the Proposal, which Proposal shall be in
                  form and substance reasonably satisfactory to each of TSC and
                  GA/GBRP.

2.                Designation Rights; TSC Identified Properties to TSC. As part
                  of the Transaction, TSC shall obtain "designation rights" with
                  respect to all of the Debtors' owned and leased
                  non-residential real property. Upon obtaining the approvals
                  set forth in Section 7 below, TSC shall designate that the TSC
                  Identified Properties (excluding any properties rejected by
                  TSC pursuant to the exercise of its rights under the Proposal)
                  shall be sold, transferred and conveyed, and/or assumed by the
                  Debtors and thereupon assigned, as applicable, to TSC (or a
                  designee thereof) on the economic terms and conditions set
                  forth in Paragraph 4 below. With regard to the balance of the
                  Debtor-owned/leased realty interests (which may, at GA/GBRP's
                  option, include any properties rejected by TSC), GA/GBRP shall
                  market same for sale, transfer and conveyance consistent with
                  the terms and provisions of the parties' letter of intent. In
                  consideration of GA/GBRP's marketing and sale efforts with
                  respect to the non-TSC Identified Properties, (i) GA/GBRP
                  shall pay TSC (or to the Debtors upon TSC's direction) the sum
                  of $4 Million and (ii) GA/GBRP shall thereupon be entitled to
                  retain all proceeds and profits realized upon a disposition of
                  the subject realty interests; provided, however, in addition
                  to the other amounts referenced in subclause (i) above and
                  Paragraph 3 below, GA/GBRP shall pay to TSC an amount equal to
                  ten percent (10%) of the net profits realized upon a
                  disposition of the non-TSC Identified Properties.

3.                Disposition of Debtors' Merchandise Inventories and FF&E. As
                  part of the Transaction, TSC (or a designee thereof) shall
                  acquire, and/or shall acquire the right to direct the
                  disposition of, all of the Debtors' merchandise inventories
                  and furniture, fixtures and equipment ("FF&E"). Among other
                  things, the letter of intent shall provide that TSC shall be
                  granted the right to conduct (or cause the Debtors to conduct)
                  "going out of business", "store closing", or similar theme
                  sales form each of the Debtors' retail store locations for the
                  purpose of disposing of the merchandise inventories and FF&E
                  in orderly and efficient fashion. As
<PAGE>
                  part of the Transaction, TSC and GA/GBRP (and to the extent
                  TSC elects not to take title to the Debtors' merchandise
                  inventories and FF&E, the Debtors) shall enter into a form of
                  Agency and License Agreement under which GA/GBRP shall serve
                  as TSC's (or the Debtors') exclusive agent for purposes of
                  implementing the subject inventory/FF&E disposition effort. In
                  consideration of TSC's agreement to engage (or cause the
                  Debtors to engage) GA/GBRP as the exclusive agent to implement
                  the subject inventory/FF&E disposition effort, GA/GBRP shall
                  pay to TSC a guaranteed recovery upon the disposition of the
                  Debtors' inventory and FF&E, which guaranteed recovery shall
                  be in an amount, and paid at such times, as shall be provided
                  in the agency agreement. Assuming the Debtors' inventory at
                  the closing of the Transaction has an aggregate cost value of
                  not less than $133 million, and is otherwise consistent as to
                  quality, mix and makeup as has been observed by GA/GBRP in the
                  course of its due diligence, and as has otherwise been
                  represented by the Debtors and their representatives, GA/GBRP
                  to TSC and amount equal to fifty-eight and six -tenths of one
                  percent (58.6%) of the aggregate "cost value" of the
                  merchandise inventory as of the closing date (the "GA/GBRP
                  Guaranty"). Assuming the Debtors' inventory at the closing of
                  the Transaction has an aggregate cost value of not less than
                  $133 million, and is otherwise consistent as to quality, mix
                  and makeup as has been observed by GA/GBRP in the course of
                  its due diligence, and as has otherwise been represented by
                  the Debtors and their representatives, GA/GBRP estimates that
                  the GA/GBRP Guaranty will be approximately $78 Million . The
                  agency agreement and other Transaction Documents shall provide
                  that GA/GBRP shall pay the GA/GBRP Guaranty to TSC (or to the
                  Debtors upon TSC's direction) as follows: (i) $56 Million on
                  the Closing Date and (ii) the remaining $22 Million in
                  accordance with the time line set forth in the definitive
                  documentation memorializing the Transaction. It is further
                  understood that the FF&E located in the TSC Identified
                  Properties shall not be the subject of GA/GBRP's disposition
                  efforts, but instead shall remain in the affected premises at
                  the conclusion of the store closing sales and become the
                  property of TSC. The subject agency agreement shall otherwise
                  contain such terms, conditions, representations and warranties
                  as are customary for similar inventory/FF&E disposition
                  transactions.

4.                TSC Identified Properties Purchase Consideration. TSC agrees
                  that as part of the Transaction, under which the TSC
                  Identified Properties shall be sold, transferred, conveyed and
                  assumed by the Debtors and thereupon assigned to TSC, it shall
                  commit to contribute a sum of $20 Million (the
<PAGE>
                  "TSC Purchase Price") in respect of the acquisition cost
                  associated with the TSC Identified Properties and related
                  FF&E; provided, however, in the event TSC conducts additional
                  due diligence with regard to any TSC Identified Property(ies)
                  and determines not acquire any such property(ies), then the
                  purchase price to be paid the Debtors, and the TSC Purchase
                  Price shall be adjusted as reflected in Schedule 1 hereto. TSC
                  shall pay the TSC Purchase Price at such time(s) and in such
                  manner as shall be agreed by the parties and set forth in
                  definitive documentation memorializing the Transaction
                  following acceptance thereof by the Debtors.

5.                Exclusive Transaction. Upon acceptance of this Letter
                  Agreement by TSC and GA/GBRP, each party hereby covenants and
                  agrees that by its/their acceptance of this Letter Agreement,
                  each acknowledges that it understands that the proposal to
                  consummate the Transaction with the Debtors is premised upon
                  each having accepted the terms and conditions of this Letter
                  Agreement. As a consequence of the foregoing, subject to
                  paragraph 9 hereof, TSC and GA/GBRP each agrees that it/they
                  shall not enter into a transaction relative to the acquisition
                  by it/them of any of the Debtors' assets, including, but not
                  limited to, the TSC Identified Properties, the non-TSC
                  Indentifed Properties, the Debtors' merchandise inventories,
                  or the Debtors' FF&E, except as is provided herein, unless
                  otherwise agreed in writing by the other party(ies) hereto.

6.                Confidentiality. Each of GA/GBRP and TSC acknowledge and
                  understand that the Transaction, and all of the matters
                  related thereto, are confidential and proprietary in nature.
                  Each of GA/GBRP and TSC therefore covenant and agree, except
                  as and to the extent permitted by this Letter or as otherwise
                  required by law or upon advice of counsel, maintain strict
                  confidentiality with respect to all information delivered to
                  such party pursuant hereto, and with respect to the existence
                  of negotiations with respect to the transactions contemplated
                  herein.

7.                Conditions to GA/GBRP's and TSC's Obligations Hereunder. The
                  performance by either party to this Letter Agreement shall be
                  conditioned upon the satisfaction of each of the following
                  conditions, unless such condition is waived in writing by the
                  party for whose benefit such condition exists:

                           a. Bankruptcy Court Approval of Transaction. The
                           Bankruptcy Court shall have entered one or more
                           orders, inter alia, approving the Transaction, which
                           order(s) must be in a form and content that
<PAGE>
                           is reasonably satisfactory to GA/GBRP and TSC;

                           b. Bankruptcy Court Approval of Transfer of TSC
                           Identified Properties to TSC. The Bankruptcy Court
                           shall have entered one or more orders, inter alia,
                           approving the sale, transfer, conveyance, assumption
                           and assignment of the TSC Identified Properties by
                           the Debtors to TSC, which order(s) must be in a form
                           and content that is reasonably satisfactory to
                           GA/GBRP and TSC; and c. TSC obtaining the requisite
                           approval of its Board of Directors to enter into the
                           Transaction.

8.                Binding Nature. The parties hereto have each entered into this
                  Letter Agreement with the understanding and intent to be bound
                  thereby. Each party therefore covenants and agrees to use its
                  best efforts to insure the timely performance of its
                  respective obligations arising under or in connection with
                  this Letter Agreement. In facilitation of the effectuation of
                  the Transaction and this Letter Agreement, each of TSC and
                  GA/GBRP agree that upon the execution and delivery of
                  definitive documentation memorializing the Transaction they
                  shall each obtain and have issued for the benefit of the
                  parties hereto a standby letter of credit in an amount equal
                  to their respective obligations hereunder and under any
                  Transaction Documents.

9.                Termination of Agreement. In the event that (a) the Debtors'
                  elect not to proceed with the sale of the assets in a "bulk
                  bid", but rather elect to conduct an auction on the individual
                  lots of assets; (b) GA/GBRP and TSC are not the successful
                  bidder at the auction; (c) either GA/GBRP or TSC elect not to
                  continue to bid at the auction; or (d) the Court does not
                  approve the Transaction as contemplated by the joint proposal
                  submitted by GA/GBRP and TSC , then the provisions of this
                  letter agreement shall terminate and each party is free to
                  participate in such auction or any subsequent proceeding
                  related to the sale of the Debtors' assets in their individual
                  capacity without liability to the other parties under this
                  agreement

10.               Overbid Protection; Break-Up Fee. In addition to the other
                  terms and provisions to be contained in the Letter of Intent,
                  the Letter of Intent shall contain provision fore the payment
                  of a break-up fee and other bid protections to TSC and
                  GA/GBRP, with such break-up fee to be divided among the
                  parties as follows: 80% to GA/GBRP and 20% to TSC.

                              --------------------
<PAGE>
                  If the transaction outlined herein is consistent with your
understanding of our discussions to date, and is otherwise acceptable to TSC,
please sign where indicated below and return a copy of this letter to us. Upon
receipt of your acceptance, we will promptly begin work to meet our mutual goals
as outlined herein. We look forward to working with your organization in
connection with this matter.

                                            Very truly yours,

                                            GREAT AMERICAN GROUP

                                            By: /s/ Benjamin L. Nortman
                                                ---------------------------
                                            Benjamin L. Nortman

                                            GORDON BROTHERS RETAIL PARTNERS, LLC

                                            By: /s/ James Schaye
                                                ---------------------------
                                            James Schaye

                                            DJM Asset Management

                                            By: /s/ Andrew Graiser
                                                ---------------------------
                                            Andrew Graiser

AGREED AND ACKNOWLEDGED THIS
14th DAY OF DECEMBER, 2001:

TRACTOR SUPPLY COMPANY

By:     /s/ James F. Wright
        ---------------------------
        Name: James F. Wright
        Its:  President and Chief Operating Officer

cc:  Paul Traub, Esq.<PAGE>
                                                                   Exhibit 10.60

                           THE JOINT VENTURE FORMED BY
                              GREAT AMERICAN GROUP,
                    GORDON BROTHERS RETAIL PARTNERS, LLC AND
                              DJM ASSET MANAGEMENT
                                ONE PARKWAY NORTH
                                    SUITE 520
                            DEERFIELD, ILLINOIS 60015

                                                   January 8, 2002

Tractor Supply Company
320 Plus Market Blvd
Nashville, TN 37217
Attn: Mr. James Wright

                           Re: Quality Stores, Inc., et al. Debtors

Dear Mr. Wright:

                  This letter agreement (the "Amended Letter Agreement") will
serve to amend the letter agreement, dated December 14, 2001, between the
members of the joint venture comprised of Tractor Supply Company ("TSC"), Great
American Group ("Great American"), Gordon Brothers Retail Partners, LLC
("GBRP"), and DJM Asset Management ("DJM")(Great American, GBRP and DJM are
collectively referred to herein as "GA/GBRP/DJM", and together with TSC, the
"Joint Venture") (the "Letter Agreement") to reflect the agreement reached
between the members of the Joint Venture in connection with the successful bid
submitted at the auction conducted by Quality Stores, Inc., et al., debtors and
debtors in possession (collectively, the "Debtors") on December 27, 2001 (the
"Auction"), relating to the acquisition, and/or the right to direct the
disposition of, certain assets and/or contractual rights of the Debtors,
including, without limitation, certain merchandise inventories, furniture,
fixtures and equipment, and real estate interests (collectively, the "Assets"),
which disposition rights would be exclusive in nature (the "Transaction"),
pursuant to the terms of the form Agency Agreement submitted by the Joint
Venture on December 26, 2001, as modified during discussions among the Joint
Venture partners in connection with the submission of the successful bide at the
Auction (the "Agency Agreement"). Capitalized terms used herein without
definition shall have the respective meanings ascribed to them in the Agency
Agreement.

                  Included among the Assets that are covered by the Transaction,
and therefore would be subject to such exclusive acquisition and disposition
rights, are those various (i) owned realty interests and (ii) non-residential
real property leases (including, without limitation, any and all FF&E associated
therewith) that TSC has identified to GB/GBRP/DJM that it desires to acquire by
way of sale and/or assumption and assignment from the Debtors, as the case may
be (collectively, the "TSC Designated
<PAGE>
Properties"), which TSC Designated Properties appear in Schedule 1 hereto and
incorporated herein.

                  The purpose of this Amended Letter Agreement is to
memorialize, for the mutual benefit of the members of the Joint Venture, the
understandings and agreements reached between and among them in respect of the
Transaction, subject in all respects to the conditions set forth in Section 5
below.

                  1. Successful Bid. The Joint Venture was the successful bidder
at the Auction, pursuant to which the Joint Venture submitted a bid to pay a
Transaction Consideration in the aggregate amount of $104,000,000, in addition
to assuming certain Expense obligations set forth in the Agency Agreement.

                  2. TSC Designated Properties. Under the Agency Agreement, the
Joint Venture will obtain "designation rights" with respect to 152 of the
Debtors' owned and leased non-residential real property store locations (the
"Stores"). Upon obtaining the approvals set forth in Section 8 below, the Joint
Venture shall designate that the TSC Designated Properties shall be sold,
transferred and conveyed, and/or assumed by the Debtors and thereupon assigned,
as applicable, to TSC (or a designee thereof) on the economic terms and
conditions set forth in Paragraph 4 below. TSC reserves the right to reject any
of the TSC Designated Properties, provided however, there shall be no adjustment
to the TSC Purchase Price in connection therewith. With regard to Stores that
are not TSC Designated Properties and at GA/GBRP/DJM'S option, any TSC
Designated Properties, that are rejected by TSC (collectively, the "Non-TSC
Properties"), GA/GBRP/DJM shall market the Non-TSC Properties for sale, transfer
and conveyance consistent with the terms and provisions of the Agency Agreement;
provided that GA/GBRP/DJM agree that they will not market or sell any of the
Non-TSC Properties to any other farm store chain. In consideration of
GA/GBRP/DJM's marketing and sale efforts with respect to the Non-TSC Properties
and the consideration to be paid by GA/GBRP/DJM pursuant to paragraph 3 hereof,
GA/GBRP/DJM shall be entitled to retain all proceeds and profits realized upon a
disposition of the Non-TSC properties. GB/GBRP/DJM shall be responsible for the
payment to the Debtors, as and when due, of all of the Real Estate Occupancy
Expenses provided for in Section 15.5(b) of the Agency Agreement.

                  3. Disposition of Debtors' Merchandise Inventories and FF&E.
(a) Under the Agency Agreement, the Joint Venture will acquire the right to
direct the disposition of all of the Debtors' merchandise inventories and
furniture, fixtures and equipment ("FF&E") at the Stores and in the Debtors'
warehouse. The parties agree that GA/GBRP/DJM shall have the exclusive right to
exercise the Joint Venture's right under the Agency Agreement to conduct, as the
Debtors' agent, "going out of business", "store closing", or similar theme sales
form each of the Stores for the purpose of disposing of the all of the
merchandise inventories in all of the Stores and FF&E in the Non-TSC Properties,
in orderly and efficient fashion. Assuming the Debtors' inventory at the closing
of the Transaction has an aggregate cost value of not less than $130 million.
GA/GBRP/DJM shall contribute $70 Million ((the "GA/GBRP/DJM Guaranty") and the
Agency Agreement and other Transaction Documents shall provide that GA/GBRP/DJM
shall pay the GA/GBRP/DJM Guaranty as follows: (i) $67 Million on the Closing
Date
<PAGE>
and (ii) the remaining $3 Million into escrow pending the completion of the
physical inventory count at the Closing Locations that have not been completed
as of the Closing Date in accordance with the provisions of the Agency
Agreement. In the event that the aggregate cost value of the Merchandise is less
than $130,000,000 then the GA/GBRP/DJM Guaranty shall be subject to the
adjustments as set forth in the Agency Agreement. GA/GBRP/DJM shall also be
responsible for (i) the payment to the Debtors, as and when due, of all Expenses
incurred in conducting the Sale during the Sale Term as provided in Section 3 of
the Agency Agreement, and (ii) posting and maintaining the Expense L/C in
accordance with Section 3.2(b) of the Agency Agreement.

                  (b) To the extent that Proceeds of the Sale exceed the sum of
(x) the GA/GBRP/DJM Guaranty Payment (y) Expenses of the Sale, as enumerated in
the Agency Agreement and (z) four percent (4%) of the aggregate Retail Price of
the Merchandise (the "GA/GBRP/DJM Fee") (the sum of (x), (y) and (z), the
"Sharing Threshold"), then all remaining Proceeds of the Sale above the Sharing
Threshold shall be shared seventy-five percent (75%) to GA/GBRP/DJM and
twenty-five percent (25%) to TSC ("TSC Sharing Recovery"). Within 30 days after
the Sale Termination Date, GA/GBRP/DJM and TSC shall reconcile the Proceeds of
the Sale and upon the completion of such reconciliation, GA/GBRP/DJM shall
tender payment of the TSC Sharing Recovery, if any, to TSC. It is further
understood that the FF&E located in the TSC Designated Properties (including any
TSC Designated Properties that are rejected by TSC pursuant to Paragraph 3
hereof) shall not be the subject of GA/GBRP/DJM's disposition efforts, but
instead shall remain in the affected premises at the conclusion of the store
closing sales and become the property of TSC, unless TSC elects to reject such
TSC Designated Property and determines not to transfer the FF&E in such rejected
TSC Designated Property into another TSC Designated Property.

                  4. TSC Designated Properties Purchase Consideration. TSC
agrees that as part of the Transaction, under which the TSC Designated
Properties shall be sold, transferred, conveyed and assumed by the Debtors and
thereupon assigned to TSC, it shall contribute $34 Million (the "TSC Purchase
Price") in respect of the acquisition cost associated with the TSC Designated
Properties and related FF&E. On the Closing Date, TSC shall pay the TSC Purchase
Price to the Debtors.

                  5. Indemnification.

              (a) GB/GBRP/DJM Indemnification. In connection with any
                  performance or omission on its/their part with regard to the
                  transactions contemplated under the Agency Agreement and/or
                  this Agreement, GB/GBRP/DJM shall indemnify and hold TSC and
                  its officers, directors, employees, agents and representatives
                  (the "TSC Indemnified Parties") harmless from and against all
                  claims, demands, penalties, losses, liability or damage,
                  including, without limitation, reasonable attorneys' fees and
                  expenses, asserted directly or indirectly against, any TSC
                  Indemnified Party resulting from, or related to (including
                  acts or omissions of persons or entities affiliated with or
                  acting on behalf of GB/GBRP/DJM):

                           (i) Except as otherwise provided in the Agency
                  Agreement or the Approval Order, GB/GBRP/DJM's material breach
                  of or failure to
<PAGE>
                  comply with any local, state, or federal laws or regulations,
                  or any of the Joint Venture's agreements and covenants
                  contained in the Agency Agreement which agreements or
                  covenants are to be performed on behalf of the Joint Venture
                  by GB/GARP/DJM pursuant hereto;

                           (ii) any harassment, discrimination or violation of
                  any laws or regulations or any other unlawful, tortious or
                  otherwise actionable treatment of any employees or agents of
                  Debtors by GB/GBRP/DJM or any of its employees, agents,
                  independent contractors or other officers, directors or
                  representatives of GB/GARP/DJM;

                           (iii) any claims by any party engaged by GB/GBRP/DJM
                  as an employee or independent contractor arising out of such
                  engagement;

                           (iv) any fact or circumstance arising during the Sale
                  in any of the Closing Locations; and

                           (v) the gross negligence or willful misconduct of
                  GB/GBRP/DJM or any of its officer, directors, employees,
                  agents or representatives.

              (b) TSC Indemnification. In connection with any performance or
                  omission on its part with regard to the transactions
                  contemplated under the Agency Agreement and/or this Agreement,
                  TSC shall indemnify and hold GB/GBRP/DJM and its officers,
                  directors, employees, agents and representatives (the
                  "GB/GBRP/DJM Indemnified Parties") harmless from and against
                  all claims, demands, penalties, losses, liability or damage,
                  including, without limitation, reasonable attorneys' fees and
                  expenses, asserted directly or indirectly against, any
                  GB/GBRP/DJM Indemnified Party resulting from, or related to
                  (including acts or omissions of persons or entities affiliated
                  with or acting on behalf of TSC):

                           (i) Except as otherwise provided in the Agency
                  Agreement or the Approval Order, TSC's material breach of or
                  failure to comply with any local, state, or federal laws or
                  regulations, or any of the Joint Venture's agreements and
                  covenants contained in the Agency Agreement which agreements
                  or covenants are to be performed on behalf of the Joint
                  Venture by TSC pursuant hereto;

                           (ii) any harassment, discrimination or violation of
                  any laws or regulations or any other unlawful, tortious or
                  otherwise actionable treatment of any employees or agents of
                  Debtors by TSC or any of its employees, agents, independent
                  contractors or other officers, directors or representatives of
                  TSC;

                           (iii) any claims by any party engaged by TSC as an
                  employee or independent contractor arising out of such
                  engagement;
<PAGE>
                           (iv) the gross negligence or willful misconduct of
                  TSC or any of its officer, directors, employees, agents or
                  representatives.

                  6. Exclusive Transaction. Each party hereby covenants,
acknowledges and agrees that the terms of the Amended Letter Agreement as
outlined in discussions between the members of the Joint Venture during the
Auction and the terms and conditions of the successful bid submitted at the
Auction were premised upon each having accepted the terms and conditions of this
Amended Letter Agreement. As a consequence of the foregoing, subject to
paragraph 9 hereof, each member of the Joint Venture agrees that it/they shall
not enter into a transaction relative to the acquisition by it/them of any of
the Debtors' assets that were the subject of the auction, including, but not
limited to, the TSC Designated Properties, the non-TSC Properties, the Debtors'
merchandise inventories, or the Debtors' FF&E at the Stores, except as is
provided herein or the Agency Agreement, unless otherwise agreed in writing by
the other party(ies) hereto. Nothing contained in this Paragraph 6shall restrict
any party's right to seek to acquire any assets of the Debtors that were not the
subject of the Auction or which are not covered by the definitive Agency
Agreement.

                  7. Confidentiality. Each member of the Joint Venture
acknowledges and understands that the terms of the Letter Agreement and this
Amended Letter Agreement are confidential and proprietary in nature. Each of
GB/GBRP/DJM and TSC therefore covenant and agree, except as and to the extent
permitted by the Letter Agreement or this Amended Letter Agreement, or as
otherwise required by law or upon advice of counsel, maintain strict
confidentiality with respect to all information delivered to such party pursuant
hereto. The parties acknowledge that TSC has been advised by counsel that it
will likely be required to issue a press release promptly following the issuance
of the Approval Order and that disclosure of the terms of this agreement will be
required under the rules of the Securities Exchange Commission applicable to
TSC.

                  8. Conditions to Parties Obligations Hereunder. The
performance by either party to this Amended Letter Agreement shall be
conditioned upon the satisfaction of each of the following conditions, unless
such condition is waived in writing by the party for whose benefit such
condition exists:

                        a. Execution of Agency Agreement. The Joint Venture
                           and the Debtors shall have executed the Agency
                           Agreement, which shall be in a form and content
                           reasonably satisfactory of the Joint Venture;

                        b. Bankruptcy Court Approval Of Transaction. The
                           Bankruptcy Court shall have entered one or more
                           orders, inter alia, approving the Transaction, which
                           order(s) must be in a form and content that is
                           reasonably satisfactory to the Joint Venture; and

                           b. Bankruptcy Court Approval of Transfer of TSC
                           Designated Properties to TSC. The Bankruptcy Court
                           shall
<PAGE>
                           have entered one or more orders, inter alia,
                           approving the sale, transfer, conveyance, assumption
                           and assignment of the TSC Designated Properties by
                           the Debtors to TSC, which order(s) must be in a form
                           and content that is reasonably satisfactory to the
                           Joint Venture.

                  8. Binding Nature. The parties hereto have each entered into
this Amended Letter Agreement with the understanding and intent to be bound
thereby. Each party therefore covenants and agrees to use its best efforts to
insure the timely performance of its respective obligations arising under or in
connection with this Amended Letter Agreement.

                  9. Termination of Agreement. In the event that the Court does
not approve the Transaction as contemplated by the Agency Agreement on or before
January 4, 2002, unless another date is mutually agreed upon by the parties
heretothen the provisions of this Letter Agreement shall terminate and each
party is free to participate in such auction or any subsequent proceeding
related to the sale of the Debtors' assets in their individual capacity without
liability to the other parties under this agreement

                  If the transaction outlined herein is consistent with your
understanding of our discussions to date, and is otherwise acceptable to TSC,
please sign where indicated below and return a copy of this letter to us. Upon
receipt of your acceptance, we will promptly begin work to meet our mutual goals
as outlined herein. We look forward to working with your organization in
connection with this matter.

                                            Very truly yours,

                                            GREAT AMERICAN GROUP

                                            By: /s/ Benjamin L. Nortman
                                                --------------------------------
                                            Benjamin L. Nortman

                                            GORDON BROTHERS RETAIL PARTNERS, LLC

                                            By: /s/ James Schaye
                                                --------------------------------
                                                    James Schaye

                                            DJM Asset Management

                                            By: /s/ Andrew Graiser
                                                --------------------------------
                                                    Andrew Graiser

AGREED AND ACKNOWLEDGED THIS
<PAGE>
8th DAY OF DECEMBER 2001:

TRACTOR SUPPLY COMPANY

By:      /s/ James F. Wright
        -------------------------------------------
        Name:  James F. Wright
        Its:  President and Chief Operating Officer

cc:  Paul Traub, Esq.

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"}]]