Document:

P&H DRAFT

March 2, 2000

MANAGEMENT AGREEMENT

THIS MANAGEMENT AND NON-COMPETITION AGREEMENT (the
"Agreement”) is entered into this 2 day of March, 2000, between Cyber Law Reporter, Inc., a Texas corporation (the
"Company”), and Jonathan C. Gilchrist (the “Manager”).

In consideration of the premises, mutual covenants and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows:

1.

Duties.  The Company hereby retains the Manager as President of the Company, reporting directly to and responsible to the Board of Directors of the Company.  The authority, duties and responsibilities of the Manager shall include those normally exercised by the President of a corporation, and such other or additional duties as may from time to time be reasonably assigned to Manager by the Company’s Board of Directors.  Manager will use his best efforts to promote the interests of the Company and to carry out his duties hereunder.  The Manager agrees, during the employment period, to devote his best efforts and skills to the business and interests of the Company, and do his utmost to further enhance and develop the best interests and welfare of the Company.   

 

2.

  

Compensation.  For and in consideration of the performance by the Manager of the services, terms, conditions, covenants and promises herein recited, the Company agrees and promises to pay to the Manager at the times and in the manner herein stated, the following:

a.

Salary.  As the compensation for the services to be performed by the Manager hereunder, the Manager shall receive, as gross salary before any withholding of whatever sort, the sum of $15,000              per month, payable in the manner in which the Company's payroll is customarily handled.

b.           
Bonus.  In addition to the salary, Manager may be entitled to receive an annual bonus, which annual bonus, if any, shall be paid in the discretion of Board of Directors of the Company.

c.

Non-payment.  Should the Company be unable during its development phase to pay the Manager in a timely manner as set out in this agreement, the full sum owed under this agreement shall be accrued as a debt owed to the Manager and the Company shall issue a promissory note evidencing its commitment to pay the amounts due hereunder, if any.  Such note shall be a non-interest bearing demand note which shall be delivered to the Manager promptly upon request and which shall set forth the terms of this agreement as to salary and payment.  In the event the Company shall issue a Note for sums due under this agreement, such indebtedness shall be secured by the assets, software and data of the Company.  

3.

Termination.

a.

At any time the Company may, in its sole discretion, discharge the Manager for
"cause,” effective immediately upon providing the Manager with notice of his dismissal.  The only occurrences which shall constitute
"cause” within the meaning of this paragraph shall be the following:

                           
(i)

   
the conviction of the Manager by a court of competent jurisdiction of a felony-grade crime or other crime involving moral turpitude (or the entering of a no-contest or nolo contendere plea by Manager in regard to such crime); or

(ii)

the commission by the Manager of an act of fraud or bad faith upon the Company; or

(iii)

the willful misappropriation of any funds or property of the Company  by the Manager; or

(iv)

the willful, continued and unreasonable failure by the Manager to perform the duties or obligations under this Agreement; or

(v)

the breach of any material provisions hereof or the engagement by the Manager, without the prior written approval of the Company, in any activity which would violate the provisions of paragraph 4 of this Agreement.

b.

Manager’s employment shall also terminate upon:

                               
(i)

       
the death or permanent disability of the Manager.  In the event that the Company and the Manager cannot agree as to whether the Manager is permanently disabled, the parties agree to engage a physician (at the Company's expense), mutually agreeable to both parties, whose determination as to the Manager's permanent disability shall be binding on both parties;

(ii)

the voluntary retirement of the Manager; or

(iii)

the voluntary resignation of the Manager.

Unless sooner terminated by the Company or the Manager pursuant to the other provisions of this paragraph 3, this Agreement shall terminate on the third anniversary of the date hereof.

4.

Miscellaneous.

a.

The undersigned parties to this Agreement warrant and represent that they have the power and authority to enter into this Agreement in the names, titles and capacities herein stated.

b.

A waiver by either party of any of the terms and conditions of this Agreement in any instance shall not be deemed or construed to be a waiver of such term or condition for the future, or of any subsequent breach thereof, or of any other term and condition of this Agreement.

c.

This Agreement constitutes the entire agreement between the parties respecting the services of the Manager, and there are no representations, warranties, agreements or commitments between the parties hereto with respect to such employment relationship except as set forth herein.  This Agreement may be amended only by an instrument in writing executed by the undersigned parties.

d.

Any notice, request, demand or other communication permitted to be given hereunder shall be in writing to the address set forth by the signature of the parties below, and shall be deemed to be duly given when personally delivered to an employment officer of the Company or to the Manager, as the case may be, or when deposited in the United States mails, by certified or registered mail, return receipt requested, postage prepaid.  Either party may change by notice the address to which notices are to be sent.

e.

The Agreement shall be construed, interpreted and enforced in accordance with the laws of the State of Texas.

f.

If any provisions of this Agreement shall, for any reason, be held violative of any applicable law, and so much of said Agreement is held to be unenforceable, then the invalidity of such specific provision herein shall not be held to invalidate any other provision herein, such provision to remain in full force and effect.

g.

This Agreement is personal to the Manager, and the Manager may not assign, transfer in any way or delegate any of the rights or obligations hereunder.

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the date first above written.

"COMPANY”

Cyber Law Reporter, Inc.

By: __//s// Jonathan Gilchrist________

“MANAGER”

__//s// Jonathan Gilchrist___________ 

Jonathan C. Gilchrist

CYBER.emp.agr.JCGJonathan C

Jonathan C. Gilchrist

6524 San Felipe, Ste. 252

Houston, Texas 77057

(713) 266-3700

May 1, 2002

Cyber Law Reporter, Inc.

1207 Wisterwood

Houston, Texas 77043

To the Board of Directors:

This letter shall serve as a letter of commitment from the undersigned to provide capital to the company for the twelve month period beginning on the date first specified above to cover the costs of operations, legal and accounting compliance and other business needs of the company up to a total of $10,000.  Funds shall be made available if and when requested from the company to meet its obligations during the period upon written request from a proper officer of the Company.  As funds are requested an provided by the shareholder, the company shall provide the shareholder with a promissory note in the amount of the funds requested and contributed.  The Note shall not bear interest and shall be nonrecourse.

If the company has raised capital for operations in an amount in excess of $300,000 at any time during the next twelve months, then the obligation of the shareholder to provide the financing agreed to in this Letter Agreement shall terminate and no further obligation shall remain to the shareholder in this regard.

Sincerely,

Jonathan C. Gilchrist

AGREED AND ACCEPTED

Cyber Law Reporter, Inc.

By: __/s/_William Carmichael, Secretary__EXHIBIT 4.01.9

              EIGHTH AMENDMENT TO REVOLVING CREDIT

                     AND SECURITY AGREEMENT

     THIS EIGHTH AMENDMENT TO REVOLVING CREDIT AND SECURITY
AGREEMENT (this "Amendment") is made as of May 7, 2002, among
SWANK, INC., a corporation organized under the laws of the
State of Delaware (the "Borrower"), and PNC BANK, NATIONAL
ASSOCIATION, a national banking association ("PNC"), as agent
for the Lenders described below (in such capacity, the "Agent")
and as a Lender.

                      W I T N E S S E T H:

     A.   Pursuant to the Revolving Credit and Security Agreement
dated as of July 27, 1998, as amended by the Amendment to
Revolving Credit and Security Agreement dated as of July 12,
1999, the Second Amendment to Loan Documents dated as of October
29, 1999, the Third Amendment to Revolving Credit and Security
Agreement dated as of December 31, 1999, the Fourth Amendment to
Loan Documents dated as of October 18, 2000, the Fifth Amendment
to Revolving Credit and Security Agreement dated as of April 27,
2001, the Sixth Amendment to Revolving Credit and Security
Agreement dated as of June 8, 2001, and the Seventh Amendment to
Revolving Credit and Security Agreement dated as of July 16, 2001
(as further amended, supplemented or modified from time to time,
the "Credit Agreement"), by and among the Borrower, the financial
institutions and insurance companies which are now or which
hereafter become a party thereto (collectively, the "Lenders" and
individually a "Lender"), and the Agent, as agent for the
Lenders, the Lenders agreed to make revolving credit loans to,
and issue letters of credit for the account of, the Borrower upon
the terms and conditions set forth therein.

     B.   PNC is currently the sole Lender.

     C.   The Borrower, the sole Lender and the Agent have agreed
to amend the Credit Agreement upon the terms and conditions set
forth herein.

     NOW, THEREFORE, in consideration of the premises and for
other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Borrower, the
sole Lender and the Agent agree as follows:

     1.   Capitalized terms used in this Amendment shall have the
same meanings given them in the Credit Agreement, unless
otherwise defined herein.

     2.   The definition of "Maximum Revolving Advance Amount" in
Section 1.2 of the Credit Agreement (last amended in the Seventh
Amendment to Revolving Credit and Security Agreement) is hereby
amended to add the following immediately after the phrase "twenty-
five million dollars ($25,000,000) at all other times after the
sale of the Women's Jewelry Business":

     "until May 7, 2002 and (c)  "twenty-three million dollars
     ($23,000,000) at all other times on and after May 7, 2002."

     3.   The definition of "Maximum Seasonal Advance Amount" in
Section 1.2 of the Credit Agreement is hereby amended to add the
following at the end thereof:

          "The Maximum Seasonal Advance Amount set forth in the
          foregoing sentence shall be increased by the applicable
          additional amount (such additional amount, the
          "Seasonal Over Advance Amount" and each Advance made
          under the Seasonal Over Advance Amount, a "Seasonal
          Over Advance") for the applicable period set forth
          below; provided that no such increase shall be made
          unless the Agent shall have received the unconditional,
          unsecured, joint and several personal guaranty of
          Marshal Tulin and John Tulin (the "Tulin Guaranty")
          limited in amount to $750,000 (plus interest from the
          date of demand for payment and costs of collection) to
          secure repayment of Seasonal Over Advances.  The Tulin
          Guaranty must remain in place as long as any portion of
          any Seasonal Over Advance remains outstanding.  The
          Seasonal Over Advance Amount shall be $1,500,000 for
          the period from July 1, 2002 through October 15, 2002.
          No Seasonal Over Advance shall be permitted after
          October 15, 2002."

     4.   Section 6.10 of the Credit Agreement is hereby amended
to delete the final date and amount (for December 31, 2001) at
the end of the table contained therein and to add the following
at the end of such table:

           "Quarter                Minimum Tangible
           Ending                     Net Worth

           December 31, 2001          $3,800,000
           March 31, 2002             $2,900,000
           June 30, 2002              $1,900,000
           September 30, 2002         $2,600,000
           December 31, 2002          $4,700,000"

     5.   The first sentence of Section 13.1 of the Credit
Agreement (last amended in the Fifth Amendment to Revolving
Credit and Security Agreement) is hereby amended to delete "June
25, 2002" and to insert "June 25, 2003" in lieu thereof.

     6.   The Borrower hereby releases any claims that the
Borrower has or could have had against the Agent and Lender with
respect to the reduction in the Maximum Revolving Advance Amount
from twenty-five million dollars ($25,000,000) to twenty-three
million dollars ($23,000,000).

     7.   In its March 19, 2002 letter to the Borrower, among
other things, the Agent agreed to grant, and the Agent hereby
grants, a waiver of the Borrower's non-compliance with Section
6.10 of the Credit Agreement for the quarter ended December 31,
2001 and of any Event of Default that would otherwise result from
said violation of said Section as stated.   The Borrower agrees
that it will comply fully with said Section 6.10 (as amended by
this Agreement) and all other provisions of the Credit Agreement
and the Other Documents, which remain in full force and effect,
irrespective of this waiver.  Except as expressly described
above, this waiver shall not constitute (a) a modification or an
alteration of the terms, conditions or covenants of the Credit
Agreement or any Other Documents or (b) a waiver, release or
limitation upon the Agent's exercise of any of its rights and
remedies thereunder, which shall not relieve or release the
Borrower or any guarantor in any way from any of its respective
duties, obligations, covenants or agreements under the Credit
Agreement or the Other Documents or from the consequences of any
Event of Default thereunder, except as expressly described above.
This waiver shall not obligate the Agent, or be construed to
require the Agent, to waive any other Events of Default or
defaults whether now existing or which may occur after the date
of this waiver.

     8.   The Borrower has heretofore paid Twenty-Five Thousand
Dollars ($25,000.00) to the Agent and Lender as a waiver fee for
waiving compliance with Section 6.10 of the Credit Agreement, as
set forth in the Agent's March 19, 2002 letter to the Borrower
and Section 7 above.  Contemporaneously herewith, the Borrower
shall pay a one-time fee of Twenty-Five Thousand Dollars
($25,000.00) in immediately available funds to the Agent and
Lender as an extension fee for extending the maturity of the
Revolving Credit Facility, as set forth in Section 5 above.

     9.   In order to induce the sole Lender and the Agent to
enter into this Amendment, the Borrower hereby represents and
warrants that:

          (a)  after giving effect to and complying with the
provisions of this Amendment, no Default or Event of Default has
occurred and is continuing;

           (b)  that the Tulin Guaranty has been approved by its
 Board of Directors and that Borrower has undertaken all
 notification and other filings and submission as may be required
 of Borrower under any and all applicable federal and state laws,
 rules and regulations and under any and all applicable stock
 exchange rules and regulations with respect to the Tulin
 Guaranty, this Amendment, and as otherwise required of Borrower.

           (c)  this Amendment has been duly authorized, executed
 and delivered by the Borrower and constitutes its legal, valid
 and binding obligation, enforceable in accordance with its
 terms;

           (d)  the Credit Agreement and each of the Other
 Documents to which the Borrower is a party, after giving effect
 to this Amendment and the transactions contemplated hereby,
 continue to be in full force and effect and to constitute the
 legal, valid and binding obligations of the Borrower,
 enforceable against the Borrower in accordance with their
 respective terms; and

           (e)  the representations and warranties made by the
 Borrower in or pursuant to the Credit Agreement or any Other
 Document, or which are contained in any certificate, document or
 financial or other statement furnished at any time under or in
 connection herewith or therewith, are each true and correct in
 all material respects on and as of the date hereof, as though
 made on and as of such date.

     (10)      This Amendment shall become effective as of the
date above upon receipt by the Agent of (a) two (2) copies of
this Amendment executed by the Borrower and (b) the extension fee
referred to in the second sentence of Section 8 above.

     (11)      The Borrower hereby confirms that all liens
granted on the Collateral that have not previously been expressly
released in writing shall continue unimpaired and in full force
and effect.

     (12)      This Amendment may be executed in several
counterparts, each of which, when executed and delivered, shall
be deemed an original, and all of which together shall constitute
one agreement.  Any signature delivered by a party by facsimile
transmission shall be deemed to be an original signature hereto.

     (13)      This Amendment shall be governed by and construed
in accordance with the laws of the State of New York applied to
contracts to be performed wholly within the State of New York,
without giving effect to the conflicts of law rules that would
defer to the substantive laws of another jurisdiction.  This
Amendment shall be binding upon and inure to the benefit of the
Borrower, the Lenders and the Agent, and their respective
successors and permitted assigns.

     (14)      From and after the effectiveness hereof, all
references to the Credit Agreement in the Other Documents shall
mean the Credit Agreement as amended and modified by this
Amendment.

     (15)      Except as amended and otherwise modified by this
Amendment, the Credit Agreement and the Other Documents shall
remain in full force and effect in accordance with their
respective terms.  Except as expressly provided herein, this
Amendment shall not constitute an amendment, waiver, consent or
release with respect to any provision of the Credit Agreement or
any Other Document, a waiver of any Default or Event of Default
thereunder, or a waiver or release of any of the Agent's or any
Lender's rights or remedies (all of which are hereby reserved).
The Borrower expressly ratifies and confirms the waiver of jury
trial and other provisions of Section 12.3 of the Credit
Agreement.

                 [signatures on following page]

     IN WITNESS WHEREOF, the parties hereto have caused this
Amendment to be duly executed and delivered by their proper and
duly authorized officers as of the day and year first above
written.

ATTEST:                          SWANK, INC.

/s/ Laura M. Nicholson           By:  /s/ Jerold R. Kassner
                                 Name:  Jerold R. Kassner
                                 Title:  CFO

                                 PNC BANK, NATIONAL ASSOCIATION,
                                 As Lender and as Agent
                                 By:  /s/ Arthur Lippens
                                 Name:  Arthur Lippens
                                 Title:  Vice President

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