AMENDMENT TO SECURED PROMISSORY NOTE Agreement dated as of May 7, 1996, between Concord Camera Corp., a New Jersey Corporation (the "Company"), and Ira B. Lampert. Reference is made to the Secured Promissory Note between Ira B. Lampert (the "Obligor")...

                      AMENDMENT TO SECURED PROMISSORY NOTE



                Agreement dated as of May 7, 1996, between Concord Camera Corp.,
a New Jersey Corporation (the "Company"), and Xxx X. Xxxxxxx.

                  Reference is made to the Secured  Promissory  Note between Xxx
X.  Xxxxxxx  (the  "Obligor")  and the  Company,  dated  November 7, 1995,  (the
"Note"). Capitalized terms used herein and not otherwise defined herein have the
respective meanings ascribed to them in the Note.

                  The Company and the Obligor hereby agree as follows:

                  1.      As of the date hereof, the unpaid principal balance of
the Note is reduced to one million three hundred sixteen thousand three hundred 
seventy-five dollars ($1,316,375); and

                  2.       Schedule A to the Note is deleted and replaced with 
Schedule A attached hereto.

                  IN WITNESS  WHEREOF,  the parties  hereto have  executed  this
agreement as of the date first above written.

                  Concord Camera Corp.

                  By: /s/ Xxxxx Xxxxxx

                  Name: Xxxxx Xxxxxx
                  Title: President & Chief Operating Officer


                  /s/ Xxx X. Xxxxxxx
                  Obliger


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AMENDMENT TO PROMISSORY NOTE   MAY 7, 1996