Document:

<PAGE>

Exhibit 10.3

                           RESTRICTED STOCK AGREEMENT

      THIS AGREEMENT, entered into as of the Agreement Date (as defined in
paragraph 1), by and between the Participant and ShopKo Stores, Inc. (the
"Company");

                                WITNESSETH THAT:

      WHEREAS, the Company maintains the ShopKo Stores, Inc. 2004 Stock
Incentive Plan (the "Plan"), which is incorporated into and forms a part of this
Agreement, and the Participant has been selected by the committee administering
the Plan (the "Committee") to receive a Restricted Stock Award under the Plan;

      NOW, THEREFORE, IT IS AGREED, by and between the Company and the
Participant, as follows:

      1. Terms of Award. The following terms used in this Agreement shall have
the meanings set forth in this paragraph 1:

a.    The "Participant" is _____________________.

b.    The "Agreement Date" is ____________________.

c.    The "Restricted Period" is the period beginning on the Agreement Date and
      ending on _____________. Notwithstanding anything to contrary, this
      vesting period must comply with the restrictions set forth in Section 4.2
      of the Plan.

d.    The number of shares of "Restricted Stock" awarded under this Agreement
      shall be _______ shares.

Other capitalized terms used in this Agreement are defined in paragraph 6 or
elsewhere in this Agreement.

      2. Award. The Participant is hereby granted the number of shares of
Restricted Stock set forth in paragraph 1.

      3. Dividends and Voting Rights. The Participant shall be entitled to
receive any dividends paid with respect to shares of Restricted Stock that
become payable during the Restricted Period; provided, however, that a dividend
shall not be payable to or for the benefit of the Participant if the record date
for such dividend occurs prior to the Agreement Date or on or after the date, if
any, on which the Participant shall have forfeited the Restricted Stock. The
Participant shall be entitled to vote the shares of Restricted Stock during the
Restricted Period to the same extent as would have been applicable to the
Participant if the Participant was then vested in the shares; provided, however,
that the Participant shall not be entitled to vote the shares on any matter for
which the record date in respect thereof occurs prior to the Agreement Date or
on or after the date, if any, on which the Participant shall have forfeited the
Restricted Stock.

      4. Deposit of Shares of Restricted Stock. Each certificate issued in
respect of shares of Restricted Stock granted under this Agreement shall be
registered in the name of the Participant and shall be deposited with the
Secretary of the Company.

      5. Transfer and Forfeiture of Shares. If the Participant's Date of
Termination does not occur during the Restricted Period, then, at the end of the
Restricted Period, the Participant shall become vested in the shares of
Restricted Stock, and shall own the shares free of all restrictions otherwise
imposed by this Agreement. The Participant shall become vested in the shares of
Restricted Stock, and become owner of the shares free of all restrictions
otherwise imposed by this Agreement, prior to the end of the Restricted Period,
as follows:

                                       37
<PAGE>

a.    The Participant shall become vested in the shares of Restricted Stock as
      of the Participant's Date of Termination prior to the end of the
      Restricted Period, if the Participant's Date of Termination occurs by
      reason of the Participant's death or Disability.

b.    The Participant shall become vested in the shares of Restricted Stock as
      of the date of a Change of Control, if the Change of Control occurs prior
      to the end of the Restricted Period, and the Participant's Date of
      Termination does not occur before the Change of Control date.

Shares of Restricted Stock may not be sold, assigned, transferred, pledged or
otherwise encumbered until the Participant is vested in the shares. Except as
otherwise provided in this paragraph 5, if the Participant's Date of Termination
occurs prior to the end of the Restricted Period, the Participant shall forfeit
the Restricted Stock as of the Participant's Date of Termination.

      6. Definitions. For purposes of this Agreement, the terms listed below
shall be defined as follows:

a.    Change of Control. The term "Change of Control" shall mean any of the
      following events:

            (1) the acquisition by an individual, entity or group (within the
      meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of
      1934, as amended (the "Exchange Act") (a "Person") of beneficial ownership
      (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of
      20% or more of either (i) the then outstanding shares of Common Stock of
      the Company (the "Outstanding Company Common Stock") or (ii) the combined
      voting power of the then outstanding voting securities of the Company
      entitled to vote generally in the election of directors (the "Outstanding
      Company Voting Securities"); provided, however, that for purposes of this
      subsection (1), the following acquisitions shall not constitute a Change
      of Control: (i) any acquisition directly from the Company, (ii) any
      acquisition by the Company, (iii) any acquisition by any employee benefit
      plan (or related trust) sponsored or maintained by the Company or any
      corporation controlled by the Company, (iv) any acquisition by any
      corporation pursuant to a transaction which complies with clauses (i),
      (ii) and (iii) of subsection (3) below, or (v) any acquisition of 20% or
      more but less than a majority of either the Outstanding Company Common
      Stock or the Outstanding Company Voting Securities by any individual,
      entity or group if at least a majority of the members of the Board of
      Directors of the Company were members of the Incumbent Board, as defined
      below, at the time of such acquisition; or

            (2) individuals who, as of the date hereof, constitute the Board
      (the "Incumbent Board") cease for any reason to constitute at least a
      majority of the Board; provided, however, that any individual becoming a
      director subsequent to the date hereof whose election, or nomination for
      election by the Company's shareholders, was approved by a vote of at least
      a majority of the directors then constituting the Incumbent Board shall be
      considered as though such individual were a member of the Incumbent Board,
      but excluding, for this purpose, any such individual whose initial
      assumption of office occurs as a result of an actual or threatened
      election contest with respect to the election or removal of directors or
      other actual or threatened solicitation of proxies or consents by or on
      behalf of a person other than the Board; or

            (3) consummation of a reorganization, merger or consolidation or
      sale or other disposition of all or substantially all of the assets of the
      Company for which approval of the shareholders of the Company is required
      (a "Business Combination"), in each case, unless, immediately following
      such Business Combination, (i) all or substantially all of the individuals
      and entities who were the beneficial owners, respectively, of the
      Outstanding Company Common Stock and Outstanding Company Voting Securities
      immediately prior to such Business Combination beneficially own, directly
      or indirectly, more than 50% of, respectively, the then outstanding shares
      of common stock and the combined voting power of the then outstanding
      voting securities entitled to vote generally in the election of directors,
      as the case may be, of the corporation resulting from such Business
      Combination (including, without limitation, a corporation which as a
      result of such transaction owns the Company or all or substantially all of
      the Company's assets either directly or through one or more subsidiaries)
      in substantially the same proportions as their ownership, immediately
      prior to such Business Combination of the Outstanding Company Common Stock
      and Outstanding Company Voting Securities, as the case

                                       38
<PAGE>

      may be, and (ii) at least a majority of the members of the Board of
      Directors of the corporation resulting from such Business Combination were
      members of the Incumbent Board at the time of the execution of the initial
      agreement, or of the action of the Board, providing for such Business
      Combination; or

            (4) approval by the shareholders of the Company of a complete
      liquidation or dissolution of the Company.

b.    Date of Termination. The Participant's "Date of Termination" shall be the
      first day occurring on or after the Agreement Date on which the
      Participant's employment with the Company and all Related Companies
      terminates for any reason; provided that a termination of employment shall
      not be deemed to occur by reason of a transfer of the Participant between
      the Company and a Related Company or between two Related Companies; and
      further provided that the Participant's employment shall not be considered
      terminated while the Participant is on a leave of absence from the Company
      or a Related Company approved by the Participant's employer. If, as a
      result of a sale or other transaction, the Participant's employer ceases
      to be a Related Company (and the Participant's employer is or becomes an
      entity that is separate from the Company), the occurrence of such
      transaction shall be treated as the Participant's Date of Termination
      caused by the Participant being discharged by the employer.

c.    Disability. "Disability" is as defined in the Company's long-term
      disability plan as in effect at the time disability is being determined.

d.    Plan Definitions. Except where the context clearly implies or indicates
      the contrary, capitalized terms not defined herein shall have the meanings
      specified in the Plan.

      7. Heirs and Successors. This Agreement shall be binding upon, and inure
to the benefit of, the Company and its successors and assigns, and upon any
person acquiring, whether by merger, consolidation, purchase of assets or
otherwise, all or substantially all of the Company's assets and business.
Subject to the terms of the Plan, any benefits distributable to the Participant
under this Agreement that are not distributed at the time of the Participant's
death shall be distributed at the time and in the form determined in accordance
with the provisions of this Agreement and the Plan, to the beneficiary
designated by the Participant in writing filed with the Committee in such form
and at such time as the Committee shall require. If a deceased Participant fails
to designate a beneficiary, or if the designated beneficiary of the deceased
Participant dies before the Participant or before complete distribution of
benefits due under this Agreement, the amounts to be distributed under this
Agreement shall be distributed to the legal representative or representatives of
the estate of the last to die of the Participant and the beneficiary.

      8. Administration. The authority to manage and control the operation and
administration of this Agreement shall be vested in the Committee, and the
Committee shall have all powers with respect to this Agreement as it has with
respect to the Plan. Any interpretation of the Agreement by the Committee and
any decision made by it with respect to the Agreement is final and binding.

      9. Agreement Subject to Plan. Notwithstanding anything in this Agreement
to the contrary, the terms of this Agreement shall be subject to the terms of
the Plan, a copy of which may be obtained by the Participant from the office of
the Secretary of the Company. In the event of any inconsistency between the
terms of this Agreement and the terms of the Plan, the terms of the Plan shall
control.

      10. Amendment. This Agreement may be amended as set forth in the Plan, or
by written Agreement of the Participant and the Company, without the consent of
any other person.

      IN WITNESS WHEREOF, the Participant has executed this Agreement, and the
Company has caused these presents to be executed in its name and on its behalf,
all as of the Agreement Date.

                                       39
<PAGE>

                                         Participant

                                         _______________________________________

                                         SHOPKO STORES, INC.

                                         By: ___________________________________

                                         Its: __________________________________

                                       40exv10w17w10

 

Exhibit 10.17.10

FIFTH AMENDMENT TO AMENDED AND

RESTATED LOAN AND SECURITY AGREEMENT

               This FIFTH AMENDMENT (this “Fifth Amendment”) is made as of the 1st day of
September, 2004 (“Amendment Closing Date”) by and among :

FLEET RETAIL GROUP, INC. f/k/a Fleet Retail Finance Inc. (the “Lender”), a
Delaware corporation with offices at 40 Broad Street, Boston, Massachusetts
02109,
and

BAKERS FOOTWEAR GROUP, INC., f/k/a Weiss and Neuman Shoe Co. (the
“Borrower”), a Missouri corporation with its principal executive offices at
2815 Scott
Avenue, Suite C, St. Louis, Missouri 63103,

in consideration of the mutual covenants contained herein and benefits to be
derived herefrom,

RECITALS:

	1.	 	Reference is made to that certain Amended and Restated Loan and Security
Agreement
(as amended to date, the “Loan Agreement”) dated as of June 11, 2002 between
the
Borrower and the Lender.
	 
	2.	 	The Borrower has requested that the Lender agree to amend the Loan Agreement
in
certain respects and the Lender has agreed to do so on the terms and conditions
set forth
herein.

Accordingly, the Borrower and the Lender agree as follows:

	3.	 	DEFINITIONS. Capitalized terms used herein and not otherwise defined herein
shall
have the meanings assigned to such terms in the Loan Agreement.
	 
	4.	 	AMENDMENT TO LOAN AGREEMENT. The Loan Agreement shall be amended as
specifically set forth herein. Unless expressly modified herein the Loan
Agreement shall
remain in full force in effect.

	 	(a)	 	Article 1 of the Loan Agreement is amended to add the following
Definitions:
	 
	 	 	 	“Credit Card Advance Rate”: 85%

       “Eligible Credit Card Receivables”: Accounts due on a non-recourse basis
from
major credit card processors as arise in the ordinary course of business, as
have been
earned by performance. Unless otherwise approved in writing by the Lender, none
of
the following shall be deemed to be Eligible Credit Card Receivables:

	 	(i)	 	Accounts that have been outstanding for more than five (5) Business
Days from the date of sale;

 

	 	(ii)	 	Accounts with respect to which a Borrower does not have good and
valid
title thereto, free and clear of any Encumbrance (other than Permitted
Encumbrances);
	 
	 	(iii)	 	Accounts which are disputed, are with recourse, or with respect to which
a
claim, counterclaim, offset or chargeback has been asserted (to the extent
of such claim, counterclaim, offset or chargeback); and
	 
	 	(iv)	 	Accounts which the Lender determines in its discretion to be uncertain of
collection.

          “Increased Reporting Event”: Availability at any time is less than
$6,000,000.00. For purposes hereof, the occurrence of an Increased Reporting
Event
shall be deemed continuing notwithstanding that Availability may thereafter
exceed
the amounts set forth in the preceding sentence unless and until Availability
exceeds
such amount for sixty (60) consecutive days, in which case an Increased
Reporting
Event shall no longer be deemed to be continuing for purposes hereof.

	 	(b)	 	Article 1 of the Loan Agreement is amended by deleting the definitions of
Applicable Margin, Borrowing Base, Interest Period, Maturity Date, and Reserve
and replacing them in their entirety with the following:
	 
	 	 	 	“Applicable Margin”: The following percentages for Base
Margin Loans and Libor Loans based upon the following criteria:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	LIBOR	 	 
	LEVEL
	 	AVAILABILITY
	 	MARGIN
	 	BASE MARGIN

	I
	 	Greater than or equal to $6,000,000.00	 	 	1.75	%	 	 	0	%
	 
	II
	 	Greater than or equal to
$3,000,000.00 but less than $6,000,000.00	 	 	2.0	%	 	 	0	%
	 
	III
	 	Less than $3,000,000.00	 	 	2.25	%	 	 	0	%

	 	 	 	As of the Amendment Closing Date, the Applicable Margin shall
be established at Level I. Thereafter, the Applicable Margin shall
be adjusted quarterly as of the first day of each fiscal quarter,
commencing October 1, 2004, based upon the average
Availability for the immediately preceding fiscal quarter. Upon the

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	 	 	 	occurrence of an Event of Default (including, without limitation,
failure to deliver quarterly financial statements in accordance with
Section 5:5-6), the Applicable Margin may, at the option of the
Lender, be immediately set at Level III (even if Availability for
another Level has been met) and interest shall be determined in the
manner set forth in Section 2:2-10(g).
	 
	 	 	 	“Borrowing Base”: The aggregate of the following:

               (i) The face amount of Eligible Credit Card Receivables
multiplied by the Credit Card Advance Rate.

               Plus

               (ii) the lesser of (a) the Cost of Eligible Inventory (net of
Inventory Reserves) multiplied by the Inventory Advance Rate; or
(b) the Appraised Inventory Liquidation Value multiplied by the
Loan to Collateral Percentage.

	 	 	 	“Interest Period”: The following:

               (a) With respect to each Libor Loan: Subject to Subsection
(c), below, the period commencing on the date of the making or
continuation of, or conversion to, the subject Libor Loan and
ending fourteen days, one, two, or three months thereafter, as the
Borrower may elect by notice (pursuant to Section 2:2-5) to the
Lender

               (b) With respect to each Base Margin Loan: Subject to
Subsection (c), below, the period commencing on the date of the
making or continuation of or conversion to such Base Margin Loan
and ending on that date (i) as of which the subject Base Margin
Loan is converted to a Libor Loan, as the Borrower may elect by
notice (pursuant to Section 2:2-5) to the Lender or (ii) on which the
subject Base Margin Loan is paid by the Borrower.

               (c) The setting of Interest Periods is in all instances subject
to the following:

(i) Any Interest Period for a Base Margin Loan
which would otherwise end on a day which is not a
Business Day shall be extended to the next
succeeding Business Day.

(ii) Any Interest Period for a Libor Loan which
would otherwise end on a day that is not a Business
Day shall be extended to the next succeeding

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Business Day, unless that succeeding Business Day
is in the next calendar month, in which event such
Interest Period shall end on the last Business Day of
the month during which the Interest Period ends.

(iii) Subject to Subsection (iv), below, any Interest
Period applicable to a Libor Loan, which Interest
Period begins on a day for which there is no
numerically corresponding day in the calendar
month during which such Interest Period ends, shall
end on the last Business Day of the month during
which that Interest Period ends.

(iv) Any Interest Period which would otherwise end
after the Termination Date shall end on the
Termination Date.

(v) The number of Interest Periods in effect at any
one time is subject to Section 2:2-10(e) hereof.

	 	 	 	“Maturity Date”: August 31, 2008.
	 
	 	 	 	“Reserves”: The following: Availability Reserves and Inventory Reserves.
	 
	 	(c)	 	Article 1 of the Loan Agreement is amended by deleting the Definition of
Loan
to Collateral Reserve.
	 
	 	(d)	 	Article 2 of the Loan Agreement is amended by deleting Sections 2:2-12 and
2:2-14 in their entirety and replacing them with the following:

               2.12 Facility Fee.

               (a) In addition to any other fee or expense to be
paid by the Borrower on account of the Revolving Credit,
the Borrower shall pay the Lender the “Facility Fee” (so
referred to herein) of $96,000.00, which has been fully
earned by the Lender’s execution of this Fifth Amendment.
(The Facility Fee is in addition to the Facility Fee
previously earned by the Lender and paid by the Borrower
in connection with the Loan Agreement).

               (b) Subject to this Section 2:2-12, the Facility Fee
shall be paid to the Lender in monthly installments of
$2,000.00 each. Monthly installments shall be paid on the
first day of the month next following the Amendment

- 4 -

 

Closing Date and on the first day of each month thereafter,
until the entire Facility Fee has been paid.

               (c) Upon the termination of the Revolving Credit
and upon the occurrence of any Event of Default described
in Section 10:10-11 and at the option of the Lender upon
the occurrence of any other Event of Default, any
remaining installments of the Facility Fee shall be
immediately due and payable.

               2.14 Early Termination Fee

               (a) In the event that the Termination Date occurs
for any reason prior to August 31, 2005, the Borrower shall
pay to the Lender the “Revolving Credit Early
Termination Fee” (so referred to herein) equal to 0.50
percentage of the Revolving Credit Ceiling (based upon the
highest amount of the Revolving Credit Ceiling during the
six (6) month period immediately preceding the
Termination Date as determined by Lender) and payable on
the Termination Date.

               (b) No Revolving Credit Early Termination Fee
shall be due and payable in the event of the early
termination of the Revolving Credit in connection with a
refinancing thereof agented or provided by the Lender or
any affiliate of the Lender, it being understood that neither
the Lender nor any such affiliate has agreed to provide or to
entertain a request to provide any such refinancing.

               (c) At the Borrower’s election, which may be
exercised only prior to the occurrence of any Event of
Default, the Borrower may provide the Lender with
irrevocable written notice setting the Termination Date,
which date shall be at least fifteen (15) days but not more
than sixty (60) days after the giving of such notice.

	 	(e)	 	Article 5 of the Loan Agreement is amended by deleting Sections 5:5-4 and
5:5-9
and replacing them with the following:

	 	5.4	 	Borrowing Base Certificate

The Borrower shall provide the Lender with a Borrowing
Base Certificate (in the form of EXHIBIT 5.4 annexed
hereto, as such form may be revised from time to time by
the Lender), monthly fifteen (15) calendar days after the

- 5 -

 

end of each fiscal month provided that if an Event of
Default or an Increased Reporting Event has occurred, the
Borrower shall provide such Borrowing Base Certificate on
Wednesday of each week as of the close of business on the
immediately preceding Saturday (which date for delivery
shall not change until the circumstance giving rise to the
Increased Reporting Event is remedied as provided in the
definition of “Increased Reporting Event” or the Event of
Default has been cured or has been waived in writing by
the Lender, as the case may be). Such Certificate may be
sent to the Lender by facsimile transmission, provided that
the original thereof is forwarded to the Lender on the date
of such transmission.

	 	5.9	 	Inventories, Appraisals, and Audits

          (a) The Lender, at the expense of the Borrower,
may participate in and/or observe each physical count
and/or inventory of so much of the Collateral as consists of
Inventory which is undertaken on behalf of the Borrower.

          (b) The Borrower, at its own expense, shall cause
not less than two (2) physical inventories to be undertaken
in each twelve (12) month period during which this
Agreement is in effect (the spacing of the scheduling of
which inventories shall be subject to the Lender’s
discretion) conducted by such inventory takers as are
satisfactory to the Lender and following such methodology
as may be satisfactory to the Lender.

(i) The Borrower shall provide the Lender with a
copy of the preliminary results of each such
physical inventory (as well as of any other physical
inventory undertaken by the Borrower) within
twenty (20) days following the completion of such
inventory.

(ii) The Borrower shall provide the Lender with a
reconciliation of the results of each such inventory
(as well as of any other physical inventory
undertaken by the Borrower) to the Borrower’s
books and records within thirty (30) days following
the completion of such inventory.

(iii) The Lender, in its discretion, following the
occurrence of a Suspension Event, may cause such

- 6 -

 

additional inventories to be taken as the Lender
determines (each, at the expense of the Borrower).

          (c) The Lender may obtain appraisals of the
Collateral, from time to time conducted by such appraisers
as are satisfactory to the Lender. The Lender shall not
conduct more than One (1) such appraisals of the Collateral
at the Borrower’s expense during any Twelve (12) month
period during which this Agreement is in effect, unless an
Event of Default has occurred and is continuing or an
Increased Reporting Event has occurred and not been
remedied, in which case the Lender in its discretion, may
undertake additional such appraisals at the Borrower’s
expense during such period as the Lender shall require.

          (d) The Lender may conduct from time to time
commercial finance field examinations of the Borrower’s
books and records. The Lender may conduct One(1)
commercial finance field examinations of the Borrower’s
books and records at the Borrower’s expense during any
Twelve (12) month period during which this Agreement is
in effect, unless an Event of Default has occurred and is
continuing or an Increased Reporting Event has occurred
and not been remedied, in which case the Lender in its
discretion, may conduct additional commercial finance
field examinations (at the Borrower’s expense) during such
period as the Lender shall require.

          (e) The Lender from time to time (in all events, at
the Borrower’s expense) may undertake “mystery
shopping” (so-called) visits to all or any of the Borrower’s
business premises. The Lender shall provide the Borrower
with a copy of any non-company confidential results of
such mystery shopping.

          (f) The Lender agrees that prior to the occurrence
of any Event of Default, the maximum amount of third
party fees for which the Borrower shall be obligated to
reimburse the Lender, cumulatively in any Twelve (12)
month period during which this Agreement is in effect, is
the aggregate of the following plus out of pocket expenses:

	 	 	 	 	 	 	 	 	 
	 	 	No Increased	 	 
	 	 	Reporting Event	 	Increased Reporting
	 	 	Exists
	 	Event Exists

	Audit
	 	$	10,000.00	 	 	$	25,000.00	 

-7-

 

	 	 	 	 	 	 	 	 	 
	Appraisals
	 	$	22,000.00	 	 	$	45,000.00	 

In the event of and following the occurrence and during the
continuance of any Event of Default, there shall not be any “cap”
on such fees.

	 	(f)	 	Article 5 of the Loan Agreement is amended by adding a new subsection 5:5-5(a)(i)(D) which reads as follows:

(D) an aging of Borrower’s credit card accounts receivable.

	 	(g)	 	Section 12:12-1 of the Loan Agreement is amended such that notice to the
Lender
shall be delivered to:

	 
	Fleet
Retail Group, Inc.

40 Broad Street

Boston, Massachusetts 02109

Attention: Mr. James Ward, Managing Director

Telecopier: 617-434-4312

	 	(h)	 	The Exhibits to the Loan Agreement shall be amended by replacing EXHIBIT
5.11(a) with the EXHIBIT 5.11(a) annexed to this Fifth Amendment.

	5.	 	AMENDMENT FEE. In consideration of the Lender agreeing to enter into this
Fifth
Amendment and the Lender’s commitment to make loans and advances to the
Borrower
under the Revolving Credit, the Borrower shall pay to the Lender the “Amendment
Fee”
(so referred to herein) of $62,500.00 dollars. The Amendment Fee shall be fully
earned
and payable on the Amendment Closing Date and shall not be subject to refund or
rebate
under any circumstances.
	 
	6.	 	ADDITIONAL ACKNOWLEDGMENTS AND REPRESENTATIONS. As an
inducement for the Lender to execute this Fifth Amendment, the Borrower hereby
represents and warrants that:

	 	(a)	 	as of the date hereof no Suspension Event has occurred and is continuing.
	 
	 	(b)	 	all Permitted Subordinated Indebtedness has been paid in full.

	7.	 	RATIFICATION OF LOAN DOCUMENTS; NO CLAIMS AGAINST LENDER.
Except as provided herein, all terms and conditions of the Loan Agreement and
of the
other Loan Documents remain in full force and effect. The Borrower hereby
ratifies,
confirms, and re-affirms all and singular the terms and conditions, including
execution
and delivery, of the Loan Documents. There is no basis nor set of facts on
which any
amount (or any portion thereof) owed by the Borrower to the Lender could be
reduced,
offset, waived, or forgiven, by rescission or otherwise; nor is there any
claim,

- 8 -

 

	 	 	counterclaim, off set, or defense (or other right, remedy, or basis having a
similar effect)
available to the Borrower with regard to the respective Liabilities of the
Borrower to the
Lender; nor is there any basis on which the terms and conditions of any of the
respective
Liabilities of the Borrower to the Lender could be claimed to be other than as
stated on
the written instruments which evidence such Liabilities. To the extent that the
Borrower
has (or ever had) any such claims against the Lender, the Borrower hereby
affirmatively
WAIVES and RELEASES same.
	 
	8.	 	CONDITIONS TO EFFECTIVENESS. This Fifth Amendment shall not be effective
until each of the following conditions precedent have been fulfilled to the
satisfaction of
the Lender:

	 	(a)	 	This Fifth Amendment shall have been duly executed and delivered by the
respective parties hereto, shall be in full force and effect and shall be in
form and
substance satisfactory to the Lender;
	 
	 	(b)	 	All action on the part of the Borrower necessary for the valid execution,
delivery
and performance by the Borrower of this Fifth Amendment shall have been duly
and effectively taken and evidence thereof satisfactory to the Lender shall
have
been provided to the Lender;
	 
	 	(c)	 	The Amendment Fee shall have been paid by the Borrower to the Lender.
	 
	 	(d)	 	The Borrower shall have provided the Lender:

	 	(i)	 	A Certificate of corporate good standing issued by the Secretary of
State
of Missouri.
	 
	 	(ii)	 	Certificates of due qualification, in good standing, issued by the
Secretary
of State of Missouri.
	 
	 	(iii)	 	A Certificate of the Borrower’s Secretary of the due adoption,
continued
effectiveness, and setting forth the texts of, each corporate resolution
adopted in connection with the establishment of the loan arrangement
contemplated by the Loan Documents and attesting to the true signatures
of each Person authorized as a signatory to any of the Loan Documents.

	 	(e)	 	The Borrower shall have delivered an opinion of counsel to the Borrower in
form
and substance satisfactory to the Lender.
	 
	 	(f)	 	The Borrower shall have delivered certificates executed by the Chief
Executive
Officer and the Chief Financial Officer of the Borrower and stating that the
representations and warranties made by the Borrower to the Lender in the Loan
Documents are true and complete as of the date of such Certificate, and that no
event has occurred which is or which, solely with the giving of notice or
passage
of time (or both) would be an Event of Default.

- 9 -

 

	 	(g)	 	The Borrower shall deliver such additional instruments and documents as the
Lender or its counsel reasonably may require or request including, without
limitation, the following:

	 	(i)	 	Termination of Guaranty executed by Peter Edison and the Lender.
	 
	 	(ii)	 	Exhibits, updated if and as necessary to be accurate as of the
Amendment
Closing Date.

	 	(h)	 	Each of the representations made by or on behalf of the Borrower in this
Agreement or in any of the other Loan Documents or in any other report,
statement, document, or paper provided by or on behalf of the Borrower shall be
true and complete as of the date as of which such representation or warranty
was
made.
	 
	 	(i)	 	All fees due at or immediately after the first funding under the Revolving
Credit
and all costs and expenses incurred by the Lender in connection with the
establishment of the credit facility contemplated hereby (including the fees
and
expenses of counsel to the Lender) shall have been paid in full.
	 
	 	(j)	 	No Suspension Event shall then exist.
	 
	 	(k)	 	No event shall have occurred or failed to occur, which occurrence or
failure is or
could have a materially adverse effect upon the Borrower’s financial condition
when compared with such financial condition at August 1, 2004.
	 
	 	(l)	 	The Lender shall have received written consent by the Participant in form
and
substance acceptable to the Lender in its discretion.

          No document shall be deemed delivered to the Lender until received and accepted
by the
Lender at its head offices in Boston, Massachusetts. Under no circumstances
shall this Fifth Amendment take effect until executed and accepted by the
Lender at said head office.

	9.	 	MISCELLANEOUS.

	 	(a)	 	This Fifth Amendment may be executed in several counterparts and by
each party on a separate counterpart, each of which when so executed and delivered
shall be an original, and all of which together shall constitute one
instrument.
	 
	 	(b)	 	This Fifth Amendment, together with the other Loan Documents,
expresses the entire understanding of the parties with respect to the
transactions contemplated
hereby. No prior negotiations or discussions shall limit, modify, or otherwise
affect the provisions hereof.
	 
	 	(c)	 	Any determination that any provision of this Fifth Amendment or any
application
hereof is invalid, illegal, or unenforceable in any respect and in any instance
shall

- 10 -

 

	 	 	 	not affect the validity, legality, or enforceability of such provision in any
other
instance, or the validity, legality, or enforceability of any other provisions
of this
Fifth Amendment.
	 
	 	(d)	 	The Borrower shall pay on demand all reasonable costs and expenses of the
Lender, including, without limitation, reasonable attorneys’ fees in connection
with the preparation, negotiation, execution, and delivery of this Fifth
Amendment.
	 
	 	(e)	 	THIS FIFTH AMENDMENT SHALL BE CONSTRUED, GOVERNED, AND
ENFORCED PURSUANT TO THE INTERNAL LAWS OF THE
COMMONWEALTH OF MASSACHUSETTS AND SHALL TAKE EFFECT
AS SEALED INSTRUMENT.

[SPACE INTENTIONALLY LEFT BLANK]

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          IN WITNESS WHEREOF, the parties have hereunto caused this Fifth
Amendment to be executed and their seals to be hereto affixed as of the date
first above written.

	 	 	 	 	 
	 	BAKERS FOOTWEAR GROUP, INC.,

F/K/A WEISS AND NEUMAN SHOE CO.
	 
	 
	 	By	  /s/ Lawrence L. Spanley, Jr.
	 	 	
	 
	 	Name	  Lawrence L. Spanley, Jr.
	 	 	

	 	Title	  Vice President — CFO	 
	 	 	
	 
	 	 	 
	 	 	 
	 
	 	 	 	 	 
	 	FLEET RETAIL GROUP, INC.

	 
	 
	 	By	  /s/ James J. Ward
	 	 	

	 	Name: James J. Ward
	 	Title: Managing Director	 	 

-12-

 

Exhibit 5.11(a)

FINANCIAL PERFORMANCE COVENANTS

MINIMUM AVAILABILITY:

The Borrower shall maintain
at all times Availability of not less than $1.5 Million, except
that, Availability may be less than $1.5 Million for not more than three (3) consecutive Business Days in any month.

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