Amendment No. 1 to Terms of Employment Agreement between Concord Camera Corp. and Keith L. Lampert

Summary

This amendment updates the employment agreement between Concord Camera Corp. and Keith L. Lampert. It changes the terms regarding reimbursement for closing costs, specifying that the company will reimburse Mr. Lampert for actual closing costs incurred when purchasing a residence in South Florida, as long as the closing occurs by June 15, 2004. All other terms of the original agreement remain unchanged.

EX-10.4 5 b331796ex10_4.txt TERMS OF EMPLOYMENT EXHIBIT 10.4 AMENDMENT NO. 1 TO TERMS OF EMPLOYMENT of KEITH L. LAMPERT with CONCORD CAMERA CORP. AMENDMENT NO. 1, dated as of March 2, 2004, to Terms of Employment effective as of November 11, 2002 (the "Agreement") by and between CONCORD CAMERA CORP. (the "Company") and KEITH L. LAMPERT (the "employee"). FOR GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of which is hereby acknowledged, the Agreement is hereby amended as follows: 1. Section 7(d) of the Agreement is hereby deleted and replaced in its entirety with the following: "(d) reimburse the employee for closing costs actually incurred by him in connection with his purchase of a residence in South Florida, provided the closing occurs no later than June 15, 2004; and" 2. Except as hereby amended, the Agreement shall continue in full force and effect. IN WITNESS WHEREOF, the undersigned have executed this Amendment No. 1 as of the date first above written. EXECUTIVE: CONCORD CAMERA CORP. /s/ Keith L. Lampert By: /s/ Richard M. Finkbeiner - ----------------------------------- ----------------------------- Keith L. Lampert Richard M. Finkbeiner Senior Vice President and Chief Financial Officer Date: 3/20/04 Date: 4/7/04 ------------------------------- ------------------------ 1