Document:

AMENDMENT
      NO. 5

    to

    Terms
      of Employment

    of

    Gerald
      J. Angeli

    with

    CONCORD
      CAMERA CORP.

    

    

    AMENDMENT
      NO. 5, dated April 3, 2006, to Terms of Employment having an Effective Date
      of
      April 17, 2000, as heretofore amended (as amended, the “Agreement”) by and
      between CONCORD CAMERA CORP. (the “Company”) and Gerald J. Angeli (the
“Employee”).

    

    WHEREAS,
      on November 22, 2005, the Company’s Board of Directors appointed Gerald J.
      Angeli to the newly created position of Senior Vice President, Director of
      Operations; 

    

    FOR
      GOOD
      AND VALUABLE CONSIDERATION, the receipt and sufficiency of which is hereby
      acknowledged, the Agreement is hereby amended as follows:

    

    
      	 	
              1.

            	
              Section
                1
                of
                the Agreement is deleted and replaced in its entirety with the
                following:

            

    

    

    “1) Position

     

    Senior
      Vice President, Director of Operations and Assistant Secretary.”

    

    
      	 	
              2.

            	
              In
                Section 5, Compensation,
                the salary amount is increased to $250,000 per annum effective January
                1,
                2006. 

            

    

    

    
      	 	
              3.

            	
              In
                Section 5, Compensation,
                delete the Overseas Allowance in its entirety effective January 1,
                2006.

            

    

    

    
      	 	
              4.

            	
              Except
                as hereby amended, the Agreement shall continue in full force and
                effect.

            

    

    

    IN
      WITNESS WHEREOF, the undersigned have executed this Amendment as of the date
      first above written.

    

    
      	Accepted and
              Agreed: 	 	 	Accepted and
              Agreed: 
	 	 	 	 
	EMPLOYEE: 	 	 	CONCORD
              CAMERA
              CORP. 
	 	 	 	 
	/s/ Gerald
              J.
              Angeli	 	
              By: 

            	/s/ Ira
              B.
              Lampert
	
              
Gerald
              J. Angeli	 	 	
              
Ira
              B. Lampert
	 	 	 	Chairman,
              CEO and
              PresidentAMENDMENT
      NO. 2

    to

    Terms
      of Employment

    of

    Blaine
      Robinson

    with

    CONCORD
      CAMERA CORP.

    

    AMENDMENT
      NO. 2, dated April 1, 2006, to Terms of Employment having an Effective Date
      of
      February 11, 2003, as heretofore amended (as amended, the “Agreement”) by and
      between CONCORD CAMERA CORP. (the “Company”) and Blaine Robinson (the
“employee”).

    

    FOR
      GOOD
      AND VALUABLE CONSIDERATION, the receipt and sufficiency of which is hereby
      acknowledged, the Agreement is hereby amended as follows:

    

    
      	 	
              1.

            	
              In
                Section 5, Compensation,
                the salary amount is increased to $175,000 per annum.
                

            

    

     

    Car
      Allowance :
      the car
      allowance is increased to $750 per month. 

     

    
      	 	
              2.

            	
              This
                Amendment No. 2 is effective February 11, 2005. Except as hereby
                amended,
                the Agreement shall continue in full force and
                effect.

            

    

     

    IN
      WITNESS WHEREOF, the undersigned have executed this Amendment as of the date
      first above written.

    

    
      
        	Accepted and
                Agreed: 	 	 	Accepted and
                Agreed: 
	 	 	 	 
	EMPLOYEE: 	 	 	CONCORD CAMERA CORP. 
	 	 	 	 
	 	 	 	 
	/s/ Blaine
                Robinson	 	
                By:

              	/s/ Ira
                B.
                Lampert
	
                
Blaine
                Robinson	 	 	
                
Ira
                B. Lampert
	 	 	 	
                Chairman,
                  CEO and PresidentAMENDMENT
      NO. 3

    to

    Terms
      of Employment

    of

    Blaine
      Robinson

    with

    CONCORD
      CAMERA CORP.

    

    AMENDMENT
      NO. 3, dated April 1, 2006, to Terms of Employment having an Effective Date
      of
      February 11, 2003, as heretofore amended (as amended, the “Agreement”), by and
      between CONCORD CAMERA CORP. (the “Company”) and Blaine Robinson (the
“employee”).

    

    FOR
      GOOD
      AND VALUABLE CONSIDERATION, the receipt and sufficiency of which is hereby
      acknowledged, the Agreement is hereby amended as follows:

    

    
      	 	
              1.

            	
              In
                Section 1, Position
                is
                hereby amended to Vice President - Finance, Treasurer and Assistant
                Secretary.

            

    

     

    
      	 	
              2.

            	
              Section
                4, Reports
                To
                is
                hereby deleted in its entirety and replaced with the
                following:

            

    

     

    4)
      Reports
      To

     

    The
      Chief
      Executive Officer, or such other person or person(s) as the Chief Executive
      Officer may from time to time designate. 

     

    
      	 	
              3.

            	
              In
                Section 5, Compensation,
                the salary amount is increased to $210,000 per annum, and the following
                paragraph is added: 

            

    

     

    The
      employee’s base salary will be increased an additional $10,000 to $220,000 per
      annum effective October 1, 2006, provided he has met certain performance
      objectives to be mutually agreed upon by the employee and the Chief Executive
      Officer of the Company. 

     

    
      	 	
              4.

            	
              In
                Section 10, Benefits,
                delete the phrase “..., up to the maximum established in the plan”.
                

            

    

     

    
      	 	
              5.

            	
              In
                Section 11, Termination,
                the second paragraph is deleted and replaced with the following:
                

            

    

     

    Either
      party may terminate at any time for any reason or for no reason upon giving
      the
      other party 30 days’ written notice. If the Company terminates the employee for
      any reason other than cause or for no reason and such termination is made
      effective immediately or at any other time before the expiration of the
      foregoing 30-day notice period (the “Notice Period”), then the Company shall pay
      the employee’s base salary and car allowance in lieu of notice, for the
      remainder of such Notice Period (the “Notice Payments”). In addition, if the
      Company terminates the employee for any reason other than cause or for no
      reason, then, subject to the limitation set forth in the next sentence, the
      employee shall receive payments equal to four (4) months of his then base salary
      and car allowance (net of required withholding) (the “Severance Payments”) in
      accordance with the Company’s normal payroll schedule. Notwithstanding any
      provision of this Agreement to the contrary, in no event shall the employee
      receive payments pursuant to this Section 11 (Notice Payments and Severance
      Payments) which, when aggregated, exceed four (4) months' of his then base
      salary and car allowance. By way of example: (i) if the employee receives Notice
      Payments equal to one (1) month's base salary and car allowance, then his
      Severance Payments will be three (3) months' base salary and car allowance;
      and
      (ii) if the employee instead receives 30 days’ notice, such that there are no
      Notice Payments, then the Severance Payments will be equal to four (4) months'
      base salary and car allowance.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              6.

            	
              Add
                the following Section 20, Executive
                Compensation Plans.

            

    

     

    
      	 	 	
              Subject
                to the terms and conditions of such plans, the employee is eligible
                to
                participate in the Company’s Amended and Restated Annual Incentive
                Compensation Plan, the Company’s Amended and Restated Long Term Incentive
                Plan Commencing Fiscal 2004, the Company’s Flexible Perquisite Spending
                Account Program for Corporate Officers and any other plans and programs
                made available to executive officers of the Company, in each case
                as the
                same may be amended from time to time. The foregoing plans/program
                as
                currently in effect are attached hereto as Exhibits
                C, D and E,
                respectively.

            

    

     

    
      	 	
              7.

            	
              This
                Amendment No. 3 is effective April 1, 2006.
                Except as hereby amended, the Agreement shall continue in full force
                and
                effect.

            

    

     

    IN
      WITNESS WHEREOF, the undersigned have executed this Amendment as of the date
      first above written.

    
      

      
        
          	Accepted and
                  Agreed: 	 	 	Accepted and
                  Agreed: 
	 	 	 	 
	EMPLOYEE: 	 	 	CONCORD CAMERA CORP. 
	 	 	 	 
	 	 	 	 
	/s/ Blaine
                  Robinson	 	
                  By:

                	/s/ Ira
                  B.
                  Lampert
	
                  
Blaine
                  Robinson	 	 	
                  
Ira
                  B. Lampert
	 	 	 	
                  Chairman,
                    CEO and President

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