Document:

Exhibit 10.1

                            AMENDMENT AGREEMENT NO. 2

                  AMENDMENT AGREEMENT NO. 2, dated June 29, 2000 (this
"Agreement"), to the Amended and Restated Credit Agreement dated as of July 9,
1999 (as amended, restated or modified from time to time, the "Credit
Agreement"), among KASPER A.S.L., LTD., a Delaware corporation (the "Borrower"),
the Guarantors named therein, the financial institutions from time to time party
thereto (collectively, the "Lenders"), THE CHASE MANHATTAN BANK, as
administrative and collateral agent for the Lenders (in such capacity, the
"Agent") and THE CIT GROUP/COMMERCIAL SERVICES, INC., as collateral monitor (in
such capacity, the "Collateral Monitor"). Capitalized terms used herein and not
otherwise defined herein shall have the meanings ascribed to them in the Credit
Agreement.

                  WHEREAS, the Borrower has requested that the Lenders agree to
amend certain terms and provisions of the Credit Agreement;

                  WHEREAS, the Lenders party hereto, Borrower and Guarantors
have agreed to amend the Credit Agreement as described herein;

                  NOW, THEREFORE, for valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, and subject to the fulfillment of
the conditions set forth below, the parties hereto agree as follows:

         SECTION 1. AMENDMENTS TO CREDIT AGREEMENT

                  Upon the fulfillment of the conditions set forth in Section 3
below the Credit Agreement is hereby amended as follows:

                  1.1 Section 7.07 of the Credit Agreement is hereby amended by
deleting the amount "$7,504,000" appearing in such section and substituting
therefor the amount "$9,000,000".

                  1.2 Section 7.08 of the Credit Agreement is hereby amended by
deleting the percentage "62%" appearing opposite the date June 30, 2000 in such
section and substituting the percentage "65%" therefor.

                  1.3 Section 7.09 of the Credit Agreement is hereby amended by
deleting the ratios "0.95:1.00" and "1.20:1.00" appearing opposite the dates
"June 30, 2000" and "September 30, 2000", respectively, and substituting
therefor the ratios "0.80:1.00" and "1.05:1.00", respectively.

<PAGE>

                  1.4 Section 7.10 of the Credit Agreement is hereby amended by
deleting the dates "June 30, 2000" and "July 1, 2000" appearing therein and
substituting the dates "August 31, 2000" and "September 1, 2000" therefor,
respectively.

                  1.5 Exhibit A of the Credit Agreement is hereby amended by
deleting the amounts "$43,000", "$45,000" and "$45,000" appearing below the
dates "Jun `00", "Jul '00" and "Aug '00" and, in each case, substituting the
amount "$48,000" therefor (for purposes of clarity, in accordance with Exhibit
A, the foregoing amounts represent $43,000,000, $45,000,000 and $48,000,000,
respectively).

         SECTION 2. CONFIRMATION OF LOAN DOCUMENTS

                  2.1 Each Loan Party, by its execution and delivery of this
Agreement, irrevocably and unconditionally ratifies and confirms in favor of the
Agent that it consents to the terms and conditions of the Credit Agreement as it
has been amended by this Agreement and that notwithstanding this Agreement, each
Loan Document to which such Loan Party is a party shall continue in full force
and effect in accordance with its terms, as it has been amended by this
Agreement, and is and shall continue to be applicable to all of the Obligations.

         SECTION 3. CONDITIONS PRECEDENT

                  This Agreement shall become effective upon the execution and
delivery to the Agent of counterparts hereof by the Borrower, each Guarantor and
the Lenders constituting Required Lenders and the fulfillment of the following
conditions:

                  3.1 The Agent shall have received an executed copy of the fee
agreement, dated the date hereof, between the Agent and the Borrower.

                  3.2 Messrs. Kaye, Scholer, Fierman, Hays & Handler, LLP,
counsel to the Agent, shall have received payment in full for all legal fees
charged, and all costs and expenses incurred and invoiced, by such counsel
through the date hereof and all legal fees charged, and all costs and expenses
incurred, by such counsel in connection with the transactions contemplated under
this Agreement and the other Loan Documents and instruments in connection
herewith and therewith.

                  3.3 All legal matters in connection with this Agreement shall
be satisfactory to the Agent and its counsel in their sole discretion.

                  3.4 The Agent shall have received a certificate signed by a
Financial Officer of the Borrower and each Guarantor that (i) both before and
after giving effect to this Agreement all representations and warranties
contained in this Agreement and the Credit Agreement shall be true and correct
and (ii) both before and after giving effect to the transactions contemplated
herein there exists no Default or Event of Default.

                  3.5 The Agent shall have received such other documents as the
Agent or Agent's counsel shall reasonably deem necessary.

                                       2
<PAGE>

         SECTION 4. MISCELLANEOUS

                  4.1 The Borrower and each Guarantor reaffirms and restates the
representations and warranties set forth in Article IV of the Credit Agreement,
and both before and after giving effect to this Agreement, and all such
representations and warranties shall be true and correct on the date hereof with
the same force and effect as if made on such date. Each Loan Party represents
and warrants (which representations and warranties shall survive the execution
and delivery hereof) to the Agent that:

                  (a) It has the corporate power and authority to execute,
         deliver and carry out the terms and provisions of this Agreement hereby
         and has taken or caused to be taken all necessary corporate action to
         authorize the execution, delivery and performance of this Agreement;

                  (b) No consent of any other person (including, without
         limitation, shareholders or creditors of any Loan Party), and no action
         of, or filing with any governmental or public body or authority is
         required to authorize, or is otherwise required in connection with the
         execution, delivery and performance of this Agreement;

                  (c) This Agreement has been duly executed and delivered on
         behalf of each Loan Party by a duly authorized officer, and constitutes
         a legal, valid and binding obligation of each Loan Party enforceable in
         accordance with its terms, subject to bankruptcy, reorganization,
         insolvency, moratorium and other similar laws affecting the enforcement
         of creditors' rights generally and the exercise of judicial discretion
         in accordance with general principles of equity; and

                  (d) The execution, delivery and performance of this Agreement
         will not violate any law, statute or regulation, or any order or decree
         of any court or governmental instrumentality, or conflict with, or
         result in the breach of, or constitute a default under any contractual
         obligation of any Loan Party.

                  4.2 Except, as herein expressly amended, the Credit Agreement
is ratified and confirmed in all respects and shall remain in full force and
effect in accordance with its terms.

                  4.3 All references to the Credit Agreement in the Credit
Agreement and the other Loan Documents and the other documents and instruments
delivered pursuant to or in connection therewith shall mean the Credit Agreement
as amended hereby and as may in the future be amended, restated, supplemented or
modified from time to time.

                  4.4 This Agreement may be executed by the parties hereto
individually or in combination, in one or more counterparts, each of which shall
be an original and all of which shall constitute one and the same agreement.

                                       3
<PAGE>

                  4.5 Delivery of an executed counterpart of a signature page to
this Agreement by telecopier shall be effective as delivery of a manually
executed counterpart of this Agreement.

                  4.6 THIS AGREEMENT, IN ACCORDANCE WITH SECTION 5-1401 OF THE
GENERAL OBLIGATION LAW OF THE STATE OF NEW YORK, SHALL BE CONSTRUED IN
ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO ANY CONFLICTS OF LAWS PRINCIPLES THEREOF THAT WOULD CALL FOR THE APPLICATION
OF THE LAWS OF ANY OTHER JURISDICTION.

                  4.7 The parties hereto shall, at any time and from time to
time following the execution of this Agreement, execute and deliver all such
further instruments and take all such further actions as may be reasonably
necessary or appropriate in order to carry out the provisions of this Agreement.

               [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK.]

                                       4
<PAGE>

                  IN WITNESS WHEREOF, the Borrower, Guarantors, the Agent, the
Collateral Monitor and the Required Lenders have caused this Amendment Agreement
No. 2 to be duly executed by their respective authorized officers as of the day
and year first above written.

                               KASPER A.S.L., LTD., as Borrower

                               By: /s/ Lester E. Schreiber
                                  ----------------------------------
                                  Name: Lester E. Schreiber
                                  Title: Chief Operating Officer and Secretary

                               A.S.L. RETAIL OUTLETS, INC., as a Guarantor

                               By: /s/ Lester E. Schreiber
                                  ----------------------------------
                                  Name: Lester E. Schreiber
                                  Title: Vice President and Secretary

                               ASL/K LICENSING CORP., as a Guarantor

                               By: /s/ Lester E. Schreiber
                                  ----------------------------------
                                  Name: Lester E. Schreiber
                                  Title: Vice President and Secretary

                               KASPER A.S.L. EUROPE, LTD., as a Guarantor

                               By: /s/ Lester E. Schreiber
                                  ----------------------------------
                                  Name: Lester E. Schreiber
                                  Title: Senior Vice President and Treasurer

                               KASPER HOLDINGS INC., as a Guarantor

                               By: /s/ Lester E. Schreiber
                                  ----------------------------------
                                  Name: Lester E. Schreiber
                                  Title: Secretary and Treasurer

                                       5
<PAGE>

                                    AKC ACQUISITION, LTD., as a Guarantor

                                    By: /s/ Lester E. Schreiber
                                       ----------------------------------
                                       Name: Lester E. Schreiber
                                       Title: Treasurer

                                    LION LICENSING, LTD., as a Guarantor

                                    By: /s/ Lester E. Schreiber
                                       ----------------------------------
                                       Name: Lester E. Schreiber
                                       Title: Treasurer

                                    ASIA EXPERT LIMITED, as a Guarantor

                                    By: /s/ Lester E. Schreiber
                                       ----------------------------------
                                       Name: Lester E. Schreiber
                                       Title: Vice President and Secretary

                                    TOMWELL LIMITED, as a Guarantor

                                    By: /s/ Lester E. Schreiber
                                       ----------------------------------
                                       Name: Lester E. Schreiber
                                       Title: Vice President and Secretary

                                    VIEWMON LIMITED, as a Guarantor

                                    By: /s/ Lester E. Schreiber
                                       ----------------------------------
                                       Name: Lester E. Schreiber
                                       Title: Vice President and Secretary

                                    THE CHASE MANHATTAN BANK, as Lender

                                    By: /s/ George E. Neuman
                                       -------------------------------
                                       Name: George E. Neuman
                                       Title: Vice President

                                       6
<PAGE>

                          THE CHASE MANHATTAN BANK, as Agent

                          By: /s/ George E. Neuman
                             -------------------------------
                             Name: George E. Neuman
                             Title: Vice President

                          THE CIT GROUP/COMMERCIAL SERVICES, INC., as Lender

                          By: /s/ Deborah Rogut
                             -------------------------------
                             Name: Deborah Rogut
                             Title: Vice President

                          THE CIT GROUP/COMMERCIAL SERVICES, INC., as Collateral
                          Monitor

                          By: /s/ Deborah Rogut
                             -------------------------------
                             Name: Deborah Rogut
                             Title: Vice President

                          LASALLE BANK, N.A., as Lender

                          By: /s/ Natalie Petrie
                             -------------------------------
                             Name: Natalie Petrie
                             Title: Commercial Banking Officer

                          FLEET CAPITAL CORPORATION, as Lender

                          By: /s/ Frank J. Galle
                             -------------------------------
                             Name: Frank J. Galle
                             Title: Senior Vice President

                          FINOVA CAPITAL CORPORATION, as Lender

                          By: /s/ G. C. Wordell
                             ----------------------------------
                             Name: G. C. Wordell
                             Title: Authorized Signer

                                       7
<PAGE>

                                   ISRAEL DISCOUNT BANK OF NEW YORK, as Lender

By: /s/ Matilde Reyes              By: /s/ Howard Weinberg
    ---------------------              ---------------------------
    Name: Matilde Reyes                Name: Howard Weinberg
    Title: Vice President              Title: First Vice President

                                   PNC BANK, NATIONAL ASSOCIATION, as Lender

                                   By: /s/ Rose M. Crump
                                      ---------------------
                                      Name: Rose M. Crump
                                      Title: Vice President

                                   DEBIS FINANCIAL SERVICES, INC., as Lender

                                   By: /s/ James M. Vandervalk
                                      ------------------------------
                                      Name: James M. Vandervalk
                                      Title: President, ABL Division

                                   BANK LEUMI USA, as Lender

                                   By: /s/ Steven Farron
                                      ---------------------
                                      Name: Steven Farron
                                      Title: Vice PresidentPrepared by MERRILL CORPORATION www.edgaradvantage.com

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Exhibit 10.10  

  
      PURCHASE AGREEMENT         

    THIS AGREEMENT, Made and entered into this 15 day of December, 1999, by and between Burgum 34 LLP, a
North Dakota limited liability partnership, whose post office address is PO Box 206, Arthur, ND 58006, hereinafter called "Seller" and Great Plains Software, Inc., whose post office address is
1701 38th Street SW, Fargo, ND 58103, hereinafter called "Buyer". 

    WITNESSETH, That the Seller agrees to sell and the Buyer agrees to purchase, upon the terms and conditions hereinafter set forth, the
following described real property and all appurtenances thereunto belonging, owned by the Seller and located in the County of Cass, State of North Dakota, to-wit: 

    LOT
ONE (1), BLOCK THREE (3), PRAIRIE TECH ADDITION TO THE CITY OF FARGO, CASS COUNTY, NORTH DAKOTA 

    The
terms and conditions of such sale and purchase are as follows: The purchase price shall be $969,000.00 payable as follows: in cash or certified funds in full at closing on or
before January 7, 2000. 

    The
Buyer has paid the sum of $500 as earnest money to be credited on the purchase price, the receipt whereof is hereby acknowledged by the Seller and agrees to perform the other
terms and conditions of this agreement to be kept and performed by the Buyer upon the delivery of a warranty deed by the Seller, conveying said premises to the Buyer. 

    The
Seller agrees to pay all taxes and special assessments or assessments for special improvements due, levied or assessed for the year 1999 and prior years. Buyer agrees to pay the
taxes and special assessments or assessments for special improvements for the year 2000 and subsequent years. 

    The
Seller warrants that the Seller shall, at the time of closing, have good and marketable title to the property free and clear of all liens and encumbrances, except:
(a) covenants, easements and right of ways of record: and (b) building codes, zoning ordinances and similar laws or regulations restricting or regulating the use of the property. 

    The
Seller shall, at the Seller's cost, deliver to the Buyer an abstract of title covering the property certified to a recent date. The abstract shall belong to the Seller until the
delivery of the deed, at which time it shall become the property of the Buyer. Buyer shall pay the cost of any examination and of any title commitment policy obtained by the Buyer. 

    The
Buyer shall have twenty days time to examine the abstract of title and within said period of time shall promptly notify the Seller of all objections thereto in writing. If the
title to such premises is unmarketable, the Seller shall have a period of sixty days in which to correct the title and make it marketable. If the title to said premises cannot be made marketable
within said period of time or such further time as may be granted by the Buyer, this agreement shall be void and the Buyer shall be entitled to the return of the earnest money paid under this
agreement. 

    The
Seller makes no warranties or representations with respect to the condition of the property or the suitability of the property for any particular use, the conditions of the soil,
geology, environmental hazards or any other matters whatsoever. 

    Should
the Buyer default in completing the terms and conditions of this purchase agreement, the earnest money paid shall be paid by the Buyer, at the option of the Seller, be
forfeited as liquidated damages. 

    Possession
of said premises shall be delivered to the Buyer on the day of closing. 

    This
agreement and the earnest money paid hereunder shall be held by the Seller for the mutual benefit of the parties hereto. 

60

    This agreement sets forth the entire agreement between the Buyer and the Seller with respect to the purchase and the sale of the property. This agreement may be amended only in a
written instrument signed by all of the parties. This agreement shall bind and inure to the benefit of the Buyer and Seller and their respective heirs, successors and assigns, provided that the Buyer
may not assign its rights under this agreement without the consent of the Seller, which consent shall not be unreasonably be withheld. This agreement is executed in and it shall be governed by and
construed in accordance with the laws of the State of North Dakota. Time is of the essence of each provision of this agreement and of all the conditions thereof. 

    IN WITNESS WHEREOF, Seller and buyer have executed this agreement as of the day of and year first above written. 

SELLER:
Burgum 34 LLP 

/s/
Frederick W. Burgum 

Frederick
W. Burgum

Managing Partner 

BUYER:
Great Plains Software, Inc. 

/s/
Jodi Uecker-Rust 

by
Jodi Uecker-Rust 

61

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PURCHASE AGREEMENT

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