FIRST AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • March 12th, 2007 • A.C. Moore Arts & Crafts, Inc. • Retail-hobby, toy & game shops
FIRST AMENDMENT, dated as of November 15, 2006 (this “Amendment”) to EMPLOYMENT AGREEMENT, dated as of July 24, 2006 (as heretofore amended, the “Employment Agreement”) between A. C. Moore Arts & Crafts, Inc., a Pennsylvania corporation (“Company”), and Amy Rhoades (“Executive”). Capitalized terms used herein and not defined herein shall have the respective meanings set forth for such terms in the Employment Agreement.
PROMISSORY NOTE AND LOAN MODIFICATION AGREEMENTPromissory Note and Loan Modification Agreement • March 12th, 2007 • A.C. Moore Arts & Crafts, Inc. • Retail-hobby, toy & game shops
Bank is the holder of the following notes: (i) a Promissory Note (the “$35MM Note”) executed and delivered by Borrower, dated October 28, 2003, as subsequently amended by a Promissory Note and Loan Modification Agreement, dated February 22, 2006, and Promissory Note and Loan Modification Agreement, dated May 1, 2006, (ii) a Promissory Note (the “$22.5MM Note”) executed and delivered by Borrower, dated October 28, 2003, as subsequently amended by Promissory Note and Loan Modification Agreement, dated May 1, 2006, (iii) a Promissory Note (the “$7.5MM Note”; executed and delivered by Borrower, dated October 28, 2003, as subsequently amended by a Promissory Note and Loan Modification Agreement, dated May 1, 2006, and certain other loan documents, including without limitation, a Loan Agreement, dated October 28, 2003 (the “Loan Agreement”), and a Security Agreement, dated October 28, 2003 (the “Security Agreement”); and
EMPLOYMENT AGREEMENTEmployment Agreement • March 12th, 2007 • A.C. Moore Arts & Crafts, Inc. • Retail-hobby, toy & game shops • New Jersey
THIS AGREEMENT is dated July 24, 2006 (the “Agreement”) between A.C. Moore Arts & Crafts, Inc., a Pennsylvania corporation (the “Company”), and Amy Rhoades (“Executive”). This Agreement replaces and supersedes any and all prior discussions, offers, communications or agreements of any sort whatsoever, existing between the Company and Executive, of whatsoever nature.
