EXHIBIT 10.5 Specialty Retail Group, Inc. STOCK OPTION AGREEMENT Optionee: Steven E. Glass Address: 1720 Post Road East Westport, Connecticut 06880 Total Number of Shares Subject to Option: 430,000 Exercise Price Per Share: $.05 Date of Grant:...Stock Option Agreement • February 10th, 1997 • Specialty Retail Group Inc • Retail-hobby, toy & game shops • Florida
RECITALSStock Purchase Agreement • February 10th, 1997 • Specialty Retail Group Inc • Retail-hobby, toy & game shops • Connecticut
January 7, 1997 Mr. Steven E. Glass 1720 Post Road East Westport, Connecticut 06880 Dear Steven: This will confirm the following amendment to your Employment Agreement dated as of April 1, 1996, upon which we have mutually agreed. Section 1 is hereby...Specialty Retail Group Inc • February 10th, 1997 • Retail-hobby, toy & game shops
January 24, 1997 Mr. Steven E. Glass 1720 Post Road East Westport, Connecticut 06880 Dear Steven: This will confirm our understanding as follows: Subject to 3 below, Specialty Retail Group, Inc. ("SRG") shall have the right to assume the Employment...Specialty Retail Group Inc • February 10th, 1997 • Retail-hobby, toy & game shops
January 24, 1997 Mr. Steven E. Glass 1720 Post Road East Westport, Connecticut 06880 Dear Steven: This will confirm our agreement that effective immediately, all of the options to purchase Common Stock of Specialty Retail Group, Inc. granted pursuant...Specialty Retail Group Inc • February 10th, 1997 • Retail-hobby, toy & game shops
This will confirm our agreement that effective immediately, all of the options to purchase Common Stock of Specialty Retail Group, Inc. granted pursuant to your employment agreement dated April 1, 1996 and your prior consulting agreement held by you are terminated and with no further force and effect.
