Document:

<PAGE>   1
Exhibit 10.1
                               AMENDMENT TO THE
                                HANOVER DIRECT
                         SAVINGS AND RETIREMENT PLAN

        WHEREAS, Hanover Direct, Inc. (the "Company") maintains the Hanover
Direct Savings and Retirement Plan (the "Plan"); and

        WHEREAS, pursuant to Section 10.01 of the Plan, the Company has the
right to amend the Plan at any time and from time to time; and

        WHEREAS, the Plan has been amended from time to time and was most
recently amended and restated in its entirety effective January 1, 1989; and

        WHEREAS, the Company now desires to further amend the Plan in certain
respects;

        NOW, THEREFORE, the Plan is hereby amended by the addition of a new
Appendix C to the end thereof, to read in its entirety as follows:

               "HANOVER DIRECT SAVINGS AND RETIREMENT PLAN

APPENDIX C: SPECIAL VESTING RULES FOR EMPLOYEES OF LWI HOLDINGS, INC.
Notwithstanding anything to the contrary contained in Section 7.01 of the
Plan, the vested percentage of each Participant who is a 'Continuing Employee'
(as such term is defined in Section 3.12 (a) of the Asset Purchase Agreement
among the Company, LWI Holdings, Inc., HSN LP, HSN Improvements, LLC and HSN
Catalogue Services, Inc., dated as of June 13, 2001, as amended (the 'Asset
Purchase Agreement')) in such Participant's Matching Employer Contribution
Account and Discretionary Employer Contribution Account under this Plan shall
be

<PAGE>   2

100%, effective as of the 'Closing Date' (as such term is defined in Section
1.4 of the Asset Purchase Agreement)."

        Except to the extent hereinabove set forth, the Plan shall remain in
full force and effect without change or modification.

        IN WITNESS WHEREOF, and as evidence of the adoption of the foregoing,
the Company has cause this instrument to be executed by a duly authorized
officer as of this 29th day of June, 2001.

                                                   HANOVER DIRECT, INC.

                                                   By:
                                                      ------------------------
                                                   Name:
                                                         ---------------------
                                                   Title:
                                                          --------------------<PAGE>   1
EXHIBIT 10.2

                              FIRST AMENDMENT OF

                              SERVICES AGREEMENT

               FIRST AMENDMENT OF SERVICES AGREEMENT (the "Amendment"), made
as of the 23rd day of April, 2001, by and among HANOVER DIRECT, INC., a
Delaware corporation having an office at 1500 Harbor Boulevard, Weehawken, New
Jersey 07087 ("Hanover Direct"), Thomas C. Shull ("Shull") and Meridian
Ventures, LLC, a Nevada limited liability company ("Meridian").

                             W I T N E S S E T H:
                             - - - - - - - - - -

        WHEREAS, Hanover, Shull and Meridian entered into that certain
Services Agreement dated as of December 5, 2000 (the "Agreement;" all terms
defined in the Agreement, unless otherwise defined, having the same meanings
when used in this Amendment); and

        WHEREAS, Hanover, Shull and Meridian desire to clarify a definition
contained in Section 8 of the Agreement.

        NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

        1.     The Agreement is hereby amended by amending the first sentence
of the first paragraph of Section 8 thereof to read as follows:

        "If Meridian, Shull or any member, officer or employee of, or
        consultant, contractor or subcontractor to, Meridian who serves as
        Consultant to the Company (including, without limitation, John F.
        Shull, Paul Jen, Peter Schweinfurth or Evan M. Dudik) ("Indemnitee")
        is threatened with or made a party to, or called as a witness or
        deposed or subpoenaed in, any action, suit or other legal,
        administrative or governmental proceeding or other legal process by
        reason that Indemnitee is or was deemed a consultant, officer,
        employee or other agent of the Company or any of its affiliates, the
        Company shall defend, indemnify and hold Indemnitee harmless to the
        maximum extent allowed by applicable law and the Company's Certificate
        of Incorporation and By-Laws against all liabilities, obligations,
        losses, damages, penalties, actions, judgments, suits, claims,
        disbursements and expenses, including counsel fees reasonably incurred
        by Indemnitee in connection therewith, to the extent the same are not
        paid under the D&O Insurance and travel and lodging expenses
        ("Indemnified Liability" or "Indemnified Liabilities"); provided
        however, that Indemnitee shall not be entitled to indemnification
        hereunder to the extent any such liability, obligation, loss, damage,
        penalty, action, judgment, suit, claim, disbursement or expense
        results from the gross negligence,

<PAGE>   2

        willful misconduct or criminal conviction ("Willful Misconduct") of
        Indemnitee as determined by a court of competent jurisdiction."

        2.     The Agreement is hereby amended by adding the following
immediately after Section 16 thereof:

        "17. Successors and/or Assigns. Whenever in this Agreement any of the
        parties hereto is referred to, such reference shall be deemed to
        include the successors and/or assigns and/or personal representatives
        of such party, and this Agreement shall inure to the benefit of and
        shall be binding on the parties hereto and the successors and/or
        assigns and/or personal representatives of such party."

        3.     Except as hereby amended, the Agreement is hereby ratified and
confirmed to be in full force and effect.

        4.     This Amendment shall be governed by and construed in accordance
with the internal laws of the state of New Jersey.

        5.     This Amendment may be signed in two or more counterparts, each
of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.

        IN WITNESS WHEREOF, the undersigned have duly executed this Amendment
as of the date hereinabove set forth.

                                            HANOVER DIRECT, INC.

                                            By: /s/ Brian C. Harriss
                                            Name:  Brian C. Harriss
                                            Title: Senior Vice President and
                                                   Chief Financial Officer

                                            MERIDIAN VENTURES, LLC

                                            By: /s/ Thomas C. Shull
                                            Name:   Thomas C. Shull
                                            Title:  President

                                            /s/ Thomas C. Shull
                                            THOMAS C. SHULL, as an individual

                                      2<PAGE>   1
EXHIBIT 10.3

                              Hanover Direct, Inc.
                              1500 Harbor Boulevard
                           Weehawken, New Jersey 07087

                                                                  April 30, 2001

Thomas C. Shull and
   Meridian Ventures, LLC
28 Leeward Lane
Riverside, CT  06878

Gentlemen:

        Reference is made to the Services Agreement dated as of December 5,
2000, as amended April 23, 2001 (the "Services Agreement"), among Meridian
Ventures, LLC, a Nevada limited liability company controlled by Thomas C. Shull
("Meridian"), and Thomas C. Shull, jointly and severally, and Hanover Direct,
Inc., a Delaware corporation ("Hanover"), whereby Mr. Shull serves as Chief
Executive Officer of Hanover. Hanover has recently put in place the Hanover
Direct, Inc. Key Executive Eighteen Month Compensation Continuation Plan (the
"Plan") effective as of May 3, 2001. Capitalized terms used herein without
definition have the meanings provided in the Plan.

        Hanover hereby requests that, so long as the Plan is in effect and the
Chief Executive Officer of Hanover is a Participant thereunder, Meridian and Mr.
Shull accept the Change in Control Benefits provided for in the Plan in lieu of
the compensation contemplated by the second and third sentences of Section
6(b)(B) of the Services Agreement (which benefits amounts will not be offset
against the Flat Fee provided for in the Services Agreement and shall be payable
at such times and in such amounts as provided in the Plan rather than in a lump
sum payable within five business days after the termination date of the Services
Agreement as contemplated by the first sentence of Section 6(e) of the Services
Agreement). For purposes of the Change in Control Benefits under the Plan and
this letter agreement, the parties agree that Mr. Shull's annualized base salary
is $600,000. In addition to the benefits provided by Section 5 of the Services
Agreement, Mr. Shull and those persons named in such Section 5 shall also be
entitled to the optional cash out of stock options as provided in Section 6.3 of
the Plan. Also, consistent with the Company's ordinary course benefits and
pursuant to the resolution approved unanimously by the Hanover Direct, Inc.
Board of Directors on April 25, 2001, Mr. Shull is entitled to payment of one
year annual base salary in the event he is terminated without cause during any
period of his continued employment as the Chief Executive Officer of Hanover
following the termination of the Services Agreement. The participation and
benefits to which Mr. Shull is entitled under the Plan shall also survive the
termination of the Services Agreement pursuant to the terms thereof in the event
that Mr. Shull is still employed as the Chief Executive Officer of Hanover and
is a Participant under the Plan. Should the Plan no longer be in effect or the
Chief Executive Officer no longer be a Participant thereunder, Meridian and Mr.
Shull shall continue to be entitled to the compensation contemplated by the
second and third sentences of Section 6(b)(B) of the Services Agreement.

        Should Meridian and Mr. Shull be in agreement with the foregoing, kindly
sign your names in the spaces provided below and return a copy of this letter
agreement to the undersigned whereupon it shall constitute a binding agreement
between us.

                                       Very truly yours,

                                       HANOVER DIRECT, INC.

                                       By: /s/ Brian C. Harriss
                                               -----------------------------
                                                Brian C. Harriss
                                                Executive Vice President and
                                                  Chief Financial Officer

Accepted and agreed as

<PAGE>   2

of the date first above written.

MERIDIAN VENTURES, LLC

By:  /s/ Thomas C. Shull
    ---------------------------
     Thomas C. Shull, President

/s/ Thomas C. Shull
-------------------------------
Thomas C. Shull, individually.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00028-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00028-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00028-of-00352.parquet"}]]