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This Employment Agreement is made as of the 30th day of September, 2003 by and between Edward M. Krell (the
"Employee"), and Mothers Work, Inc. (the "Company").
Whereas, Employee and Company previously entered into an employment agreement (the "Original Employment
Agreement") providing for certain terms and conditions, and
Whereas, on the terms and conditions as outlined in this Employment Agreement, the parties desire to replace the Original
Employment Agreement with this Agreement.
Therefore, in consideration of the mutual premises and promises contained in the Agreement, the parties agree as follows:
EMPLOYMENT, TERM AND DUTIES. The Company hereby employs Employee and Employee hereby accepts
employment with the Company, as Executive Vice President—Chief Financial Officer (the "Position") for a period of two
years commencing on September 30, 2003, subject to paragraph 2 hereof (the "Term"). Upon the first anniversary hereof
and each subsequent anniversary, the Term shall automatically be extended for one additional year, unless the Company
or the Employee gives written notice prior to such anniversary date of the Company's or Employee's desire not to extend
the Term. The Employee shall render such services and perform such duties for the Company as may be reasonably
assigned from time to time by the Company consistent with the Company's Bylaws and with the level of responsibility
appropriate to the Position.
TERMINATION. Except as otherwise provided for herein, the Employee's employment is at will and may be terminated
at any time by the Employee or by the Company, with or without cause. For the purposes hereof, the term "cause" shall
include fraud, theft, misconduct, negligence, or Employee's unwillingness or refusal to perform his job, but shall not
include the inability of Employee to perform his duties and responsibilities h