(e) On June 30, 2009, the Company entered into a new employment agreement (the “2009 Agreement”) with Ronald J. Halls, as President and Chief Executive Officer of Foot Locker, Inc. – International, effective July 1, 2009. A copy of Mr. Halls’s employment agreement is attached hereto as Exhibit 10.1, and the description of the employment agreement herein is qualified in its entirety by reference to the agreement.

               (i) Under the 2009 Agreement, the term of Mr. Halls’s employment was extended to June 30, 2011. The term will automatically be extended for additional one-year terms unless either party provides notice of non-renewal by October 31, 2010 for the initial term and by October 31 of any year thereafter with regard to renewal terms. Mr. Halls will receive a base salary of not less than $750,000 annually.

               (ii) During the employment term, Mr. Halls will be entitled to participate in all bonus, incentive and equity plans maintained by the Company for senior executives, and he will be eligible to participate in all employee benefit plans and arrangements in effect on July 1, 2009 and any benefit plan or arrangement made available in the future to comparably situated executives.

               (iii) Within 30 days of July 1, 2009, Mr. Halls will be granted (i) 50,000 shares of restricted stock, which shall vest 25,000 shares on June 30, 2010 and 25,000 shares on June 30, 2011, subject to Mr. Halls’s continued employment and (ii) an option to purchase 50,000 shares of the Company’s common stock at the fair market value on the date of grant, such option to vest in two equal annual installments on June 30, 2010 and June 30, 2011, subject to Mr. Halls’s continued employment.

               (iv) If the Company terminates Mr. Halls’s employment for death, disability or Cause, the Company would have no further liability or obligation to him except to pay his base salary through the termination date, and he would receive the benefits, if any, and have the same rights afforded by the Company under its then-existing policies to employees who are terminated for death, disability or cause or under the specific terms of any benefit plan. If Mr. Halls’s employment is terminated by the Company Without Cause or if he terminates his employment for Good Reason, then the Company would pay a Severance Benefit to Mr. Halls’s in an amount not less than 52 weeks’ salary. Following a Change in Control, if Mr. Halls’s employment is terminated by the Company Without Cause or by him for Good Reason, the minimum Severance Benefit payable to him would be three times his annual salary.

               (v) Mr. Halls’s agreement provides that he may not compete with the Company or solicit the Company’s employees for two years following the termination of his employment agreement.

2