Document:

EXHIBIT
      10.8

    

    ACKNOWLEDGMENT

    

    1.
      Kari
      G. Smith, currently employed by The Buckle, Inc. (“Company”) of Kearney,
      Nebraska, will be paid an annual salary of $285,000 for so long as the employee
      is employed by the Company during the fiscal year ending January 31,
      2009.

    

    2.
      In
      addition to the salary outlined in paragraph 1, above, a “Cash Award” for the
      above fiscal year will be paid to you provided you are employed by the Company
      on the last day of such fiscal year. The “Cash Award” will be paid as part of
      the Incentive Plan which includes a Bonus Pool as Cash Incentive for executives.
      This Bonus Pool will be calculated for the fiscal year based upon dollars of
      growth in key performance categories compared to the Base Year amounts,
      multiplied by the applicable percentage amounts as outlined in the Plan and
      multiplied by the net income factor outlined in the plan (see Exhibit A to
      the
      Company’s 2008 Proxy Statement). The applicable percentage amounts per the 2008
      Executive Incentive Plan include 8.5% of the increase in Same Store Sales,
      5.0%
      of the increase in Gross Profit and 15.0% of the increase in Pre-bonus Net
      Income. The Base Year amounts are determined using the immediately preceding
      fiscal year for Same Store Sales and the prior three-year rolling average,
      with
      the immediately preceding year receiving a 4:1 weighting over the other two
      years included in the calculation, for both Gross Profit and Pre-Bonus Net
      Income. Your percentage of the bonus pool has been pre-set for fiscal 2008
      by
      the compensation committee of the Board of Directors. 

     

    No
      payment of a Cash Award for the year may be made until the Company's
key
      performance categories for
      the
      year are certified by the Compensation Committee. You shall not be entitled
      to
      receive payment of a Cash Award unless you are still in the employ of (and
      shall
      not have delivered notice of resignation to) the Company on the last day of
      the
      fiscal year for which the Cash Award is earned. 

    

    The
      Cash
      Award will be paid on or before April 15 following the close of the fiscal
      year.
      For calculating this Cash Award, "Pre-Bonus Net Income" shall be defined as
      the
      Company's net income from operations after the deduction of all expenses,
      excluding administrative and store manager percentage bonuses and excluding
      income taxes, but including draws against such bonuses. Net income from
      operations does not include earnings on cash investments. For this purpose,
      net
      income shall be computed by the Company in accordance with the Company's normal
      accounting practices, and the Company's calculations will be final and
      conclusive.

    

    3.
      You
      were awarded 8,250 shares of restricted stock in The Buckle, Inc. common stock
      pursuant to the 2005 Restricted Stock Plan as of February 3, 2008. Restricted
      stock granted under the Plan will vest according to the terms of the 2005
      Restricted Stock Plan and the terms of the separate Restricted Stock Agreement
      between you and the Company, to which Agreement reference is hereby made. Those
      terms include a performance feature whereby one-half of the shares granted
      will
      vest over four years if a 5% increase in Pre-Bonus Net Income is achieved and
      the second one-half of the shares granted will vest over four years if an 8%
      increase in Pre-Bonus Net Income is achieved. If the performance goal is met,
      the shares will vest 20% upon certification by the compensation committee that
      such goal was met, and then 20% at January 30, 2010, 30% on January 29, 2011
      and
      30% on January 28, 2012. You must continue to be employed by the Company on
      the
      date of vesting. The foregoing description of the vesting features of the
      Restricted Stock granted to you is qualified in its entirety by reference to
      the
      terms of the 2005 Restricted Stock Plan and the separate Restricted Stock
      Agreement between you and the Company.

     

    4.
      A
      credit limit of $3,500 has been established on your The Buckle charge account,
      subject to annual change as determined by management. Please make sure your
      charge account balance does not exceed this limit. You may have payments made
      to
      your charge account via payroll withholding during the year.

    

    Management
      is committed to reviewing its policies continually. Accordingly, the statements
      outlined above are subject to review and change at any time, with or without
      notice.

    

    I
      understand I have the right to terminate my employment with the Company at
      any
      time, with or without notice, and the Company retains the same right, with
      or
      without cause or notice. I recognize, therefore, that I am an "at will"
      employee. 

    

    This
      acknowledgment supersedes any prior acknowledgment or agreement with the
      Company. This acknowledgment does not constitute an agreement of employment
      with
      the Company.

    

    April
      10,
      2008

    The
      Buckle, Inc.

     

    
      	 	 	 	 
	
              
                
                  
                    
                      Acknowledged
                        by:  /s/
                        KARI G. SMITH  

                    

                  

                

              

            	 	 	
            
	
              
                

              

              
                
                  
                    
                      Kari
                        G. SmithEXHIBIT
      10.11

     

    
      	WELLS FARGO	 	
              REVOLVING
                LINE OF CREDIT
                NOTE

            
	 	 	 
	$17,500,000.00 	 	
              Lincoln,
                Nebraska 

            
	 	 	
              August
                1, 2006

            

    

     

    FOR
      VALUE
      RECEIVED, the undersigned THE BUCKLE, INC. ("Borrower") promises to pay to
      the
      order of WELLS FARGO BANK, NATIONAL ASSOCIATION ("Bank") at its office at
      Nebraska RCBO - Lincoln, 1248 0
      Street,
      3rd Floor, Lincoln, NE 68508, or at such other place as the holder hereof may
      designate, in lawful money of the United States of America and in immediately
      available funds, the principal sum of $17,500,000.00, or so much thereof as
      may
      be advanced and be outstanding, with interest thereon, to be computed on each
      advance from the date of its disbursement as set forth herein. 

     

     1.
       INTEREST:
      

     

    1.1
      Interest.
      The
      outstanding principal balance of this Note shall bear interest (computed on
      the
      basis of a 360-day year, actual days elapsed) at a rate per annum equal to
      the
      Prime Rate in effect from time to time. The term "Prime Rate" means at any
      time
      the rate of interest most recently announced within Bank at its principal office
      as its Prime Rate, with the understanding that the Prime Rate is one of Bank's
      base rates and serves as the basis upon which effective rates of interest are
      calculated for those loans making reference thereto, and is evidenced by the
      recording thereof after its announcement in such internal publication or
      publications as Bank may designate. Each change in the rate of interest
      hereunder shall become effective on the date each Prime Rate change is announced
      within Bank. 

     

    1.2
      Payment
      of Interest. Interest
      accrued on this Note shall be payable on the last day of each month,
commencing
      August 31, 2006. 

     

    1.3
      Default
      Interest. From
      and
      after the maturity date of this Note, or such earlier date as all principal
      owing hereunder becomes due and payable by acceleration or otherwise, the
      outstanding principal balance of this Note shall bear interest until paid in
      full at an increased rate per annum (computed on the basis of a 360-day year,
      actual days elapsed) equal to 4% above the rate of interest from time to time
      applicable to this Note. 

     

    2.
       BORROWING
      AND REPAYMENT: 

     

    2.1
      Borrowing
      and Repayment. Borrower
      may from time to time during the term of this Note borrow, partially or wholly
      repay its outstanding borrowings, and reborrow, subject to all of the
      limitations, terms and conditions of this Note and of the Credit Agreement
      between Borrower and Bank defined below; provided however, that the total
      outstanding borrowings under this Note shall not at any time exceed the
      principal amount stated above. The unpaid principal balance of this obligation
      at any time shall be the total amounts advanced hereunder by the holder hereof
      less the amount of principal payments made hereon by or for Borrower, which
      balance may be endorsed hereon from time to time by the holder. The outstanding
      principal balance of this Note shall be due and payable in full on July 31,
      2009. 

     

    2.2
      Advances.
      Advances hereunder, to the total amount of the principal sum available
      hereunder, may be made by the holder at the oral or written request of (a)
      Dennis H. Nelson, Karen B Rhoads, anyone acting alone, who are authorized to
      request advances and direct the disposition of any advances until written notice
      of the revocation of such authority is received by the holder at the office
      designated above, or (b) any person, with respect to advances deposited to
      the
      credit of any deposit account of Borrower, which advances, when so deposited,
      shall be conclusively presumed to have been made to or for the benefit of
      Borrower regardless of the fact that persons other than those authorized to
      request advances may have authority to draw against such account. The holder
      shall have no obligation to determine whether any person requesting an advance
      is or has been authorized by Borrower. 

     

    2.3
      Application
      of Payments.
      Each
      payment made on this Note shall be credited first, to any interest then due
      and
      second, to the outstanding principal balance hereof. 

    

    3.
       EVENTS
      OF DEFAULT: 

     

    This
      Note
      is made pursuant to and is subject to the terms and conditions of that certain
      Credit Agreement between Borrower and Bank dated as of August 1,
      2003,
      as amended from time to time (the "Credit Agreement"). Any default in the
      payment or performance of any obligation under this Note, or any defined event
      of default under the Credit Agreement, shall constitute an "Event of Default"
      under this Note.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    4.
       MISCELLANEOUS:
      

     

    4.1
      Remedies.
      Upon
      the
      occurrence of any Event of Default, the holder of this Note, at the holder's
      option, may declare all sums of principal and interest outstanding hereunder
      to
      be immediately due and payable without presentment, demand, notice of
      nonperformance, notice of protest, protest or notice of dishonor, all of which
      are expressly waived by Borrower, and the obligation, if any, of the holder
      to
      extend any further credit hereunder shall immediately cease and terminate.
      Borrower shall pay to the holder immediately upon demand the full amount of
      all
      payments, advances, charges, costs and expenses, including reasonable attorneys'
      fees (to include outside counsel fees and all allocated costs of the holder's
      in-house counsel), expended or incurred by the holder in connection with the
      enforcement of the holder's rights and/or the collection of any amounts which
      become due to the holder under this Note, and the prosecution or defense of
      any
      action in any way related to this Note, including without limitation, any action
      for declaratory relief, whether incurred at the trial or appellate level, in
      an
      arbitration proceeding or otherwise, and including any of the foregoing incurred
      in connection with any bankruptcy proceeding (including without limitation,
      any
      adversary proceeding, contested matter or motion brought by Bank or any other
      person) relating to Borrower or any other person or entity. 

     

    4.2
       Obligations
      Joint and Several.
      Should
      more than one person or entity sign this Note as a Borrower, the obligations
      of each such Borrower shall be joint and several. 

     

    4.3
      Governing
      Law. This
      Note
      shall be governed by and construed in accordance with the laws of the State
      of
      Nebraska. 

     

    IN
      WITNESS WHEREOF, the undersigned has executed this Note as of the date first
      written above. 

     

    
      	
              The
                Buckle, Inc.

            	 	 	 
	 	 	 	 
	 	 	 	 
	
              
                
                  
                    
                      
                        By: 
                          /s/
                          DENNIS H. NELSON   

                      

                    

                  

                

              

            	 	 	
            
	
              
                
Dennis
                H. Nelson, President / CEO
                

            	 	 	
            

    

     

    FIRST
      AMENDMENT TO CREDIT AGREEMENT 

     

    THIS
      AMENDMENT TO CREDIT AGREEMENT (this "Amendment") is entered into as of August
      1,
      2006, by and between THE BUCKLE, INC., a Nebraska corporation ("Borrower"),
      and
      WELLS FARGO BANK, NATIONAL ASSOCIATION ("Bank"). 

     

    RECITALS
      

     

    WHEREAS,
      Borrower is currently indebted to Bank pursuant to the terms and conditions
      of
      that certain Credit Agreement between Borrower and Bank dated as of August
      1,
      2003, as amended from time to time ("Credit Agreement"). 

     

    WHEREAS,
      Bank and Borrower have agreed to certain changes in the terms and conditions
      set
      forth in the Credit Agreement and have agreed to amend the Credit Agreement
      to
      reflect said changes. 

     

    NOW,
      THEREFORE, for valuable consideration, the receipt and sufficiency of which
      are
      hereby acknowledged, the parties hereto agree that the Credit Agreement shall
      be
      amended as follows: 

     

    1.
      Section 1.1 (a) is hereby amended by deleting "July 31, 2006" as the last day
      on
      which Bank will make advances under the Line of Credit, and by substituting
      for
      said date "July 31, 2009," with such change to be effective upon the execution
      and delivery to Bank of a promissory note dated as of August 1, 2006 (which
      promissory note shall replace and be deemed the Revolving Line of Credit Note
      defined in and made pursuant to the Credit Agreement) and all other contracts,
      instruments and documents required by Bank to evidence such change.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    2.
      Section 4.9 (a) is hereby deleted in its entirety, and the following substituted
      therefor: 

    "(a)
      Tangible Net Worth not at any time less than $250,000,000.00 increasing by
      50%
      of net profit after taxes and dividends in each subsequent year to be measured
      at fiscal year end, with "Tangible Net Worth" defined as the aggregate of total
      stockholders' equity plus subordinated debt less any intangible assets."

     

    3.
      Except
      as specifically provided herein, all terms and conditions of the Credit
      Agreement remain in full force and effect, without waiver or modification.
      All
      terms defined in the Credit Agreement shall have the same meaning when used
      in
      this Amendment. This Amendment and the Credit Agreement shall be read together,
      as one document. 

     

    4.
      Borrower hereby remakes all representations and warranties contained in the
      Credit Agreement and reaffirms all covenants set forth therein. Borrower further
      certifies that as of the date of this Amendment there exists no Event of Default
      as defined in the Credit Agreement, nor any condition, act or event which with
      the giving of notice or the passage of time or both would constitute any such
      Event of Default. 

     

    A
      CREDIT
      AGREEMENT MUST BE IN WRITING TO BE ENFORCEABLE UNDER NEBRASKA LAW. TO PROTECT
      THE PARTIES FROM ANY MISUNDERSTANDINGS OR DISAPPOINTMENTS, ANY CONTRACT,
      PROMISE, UNDERTAKING OR OFFER TO FOREBEAR REPAYMENT OF MONEY OR TO MAKE ANY
      OTHER FINANCIAL ACCOMMODATION IN CONNECTION WITH THIS LOAN OF MONEY OR GRANT
      OR
      EXTENSION OF CREDIT, OR ANY AMENDMENT OF, CANCELLATION OF, WAIVER OF, OR
      SUBSTITUTION FOR ANY OR ALL OF THE TERMS OR PROVISIONS OF ANY INSTRUMENT OR
      DOCUMENT EXECUTED IN CONNECTION WITH THIS LOAN OF MONEY OR GRANT OR EXTENSION
      OF
      CREDIT, MUST BE IN WRITING TO BE EFFECTIVE. 

     

    IN
      WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
      as
      of the day and year first written above. 

     

    
      	THE
              BUCKLE,
              INC.	 	 	WELLS
              FARGO BANK
              N.A.
	 	 	 	 
	 	 	 	 
	
              By:
                 /s/
                DENNIS H. NELSON 

            	 	 	By:
 /s/
              MONICA BALTERS 
	
              
                
Dennis
                H. Nelson, President/CEO 

            	 	 	
              
                
Monica
                Balters, Relationship
                Manager

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}]]