**EXHIBIT 4.26**May 22, 2007Jack LawrenceDear Jack:Following our recent discussions, it is with pleasure that I confirm our offer for your employmentwith Corgi International Limited (hereafter known as “the Company”). The following summarizes theterms of this employment offer.**Initial Assignment**Your initial assignment will be COO, General Manager US and Chief Financial Officer which is anexempt position, reporting directly to Michael Cookson, CEO. Your start date will be on or aroundJuly 2, 2007. You will work at the Company’s offices in Walnut Creek, CA and at such other placeor places as the Company may direct as needed. We recognize that job titles, reportingrelationships and work assignments may change during the course of your employment with theCompany. Such changes may come about to meet your needs or those of the Company and are at thediscretion of the CEO and Board of Directors.**Compensation**Your total compensation shall consist of a base salary and a possible annual bonus. Your bonuswill be dependent on your performance and the performance of the Company. While you are employedby the Company, this total compensation package will be reviewed periodically. It may be adjustedin accordance with a performance review, legal mandates, Company, economic, and other conditions,and Company policies in force at that time.Your compensation also includes a grant of Company common stock options subject to Board approval.You will receive 100,000 options at a grant price determined by the Board on the date of grant.Your options will vest at a the Company’s standard four year schedule with 25% vesting on the firstanniversary and 1/48 vesting for each month after the year anniversary. You will be granted anadditional 50,000 options if the Company achieves Plan for the year ending March 31, 2008.The Company is in the process of establishing overall compensation guidelines. Accordingly, theCompany reserves the right to alter the amounts, eligibility and overall structure of yourcompensation, at any time, and in its sole discretion.**Base Salary, Housing Allowance and Annual Bonus**Your base salary will be $20,833 monthly (computed to $250,000.00 annually). In addition, theCompany will reimburse your temporary living expenses in the San Francisco Bay Area for up to threemonths in the event your family’s relocation has not been completed.Company employees are paid semi-monthly, on the fifteenth and at the end of the month, either bycheck or via an electronic direct deposit into their designated bank account(s). Applicablemandatory and authorized voluntary payroll deductions will be appropriately withheld from your basesalary, and from any other taxable earnings paid by the Company to you.
 

 
As we discussed, you will be eligible to receive a bonus of 25% of your base salary based onmeeting Plan EBIT (50% of bonus is based on meeting the global business Plan EBIT and the other 50%of bonus is based on meeting the US business Plan EBIT). This bonus will be paid annually. Youwill be eligible for an additional bonus of 25% of base salary based upon additional targets to beagreed upon.In order to assist with your relocation expenses, the Company will cover up to $50,000 in actualrelocation expenses incurred.In the event that your employment with the Company is terminated without cause, you will beeligible to receive six months base salary as severance.**Benefits**The Company makes available to its eligible employees a myriad of benefits (vision, medical.dental, life, accidental death and dismemberment, long-term disability, and long-term careinsurances, as well as an employee assistance program, and §401(k). As we discussed, you will beeligible for three weeks of vacation per year accrued on a semi-monthly basis. These benefits willbe discussed in more detail during your employment orientation.**Background Checks**Your offer is contingent upon satisfactory completion of background check by the Company. In thisregard, you acknowledge and consent to the Company obtaining such background information about youas deemed reasonably necessary, including without limitation the right to confirm your pastemployment history, credit and personal references.**Employment Policies, Practices and Related Agreements**As a condition of our offer and your employment with the Company, you will be expected to sign andcomply with certain agreements, identified below, concerning benefits, confidential information,assignment of inventions, arbitration of disputes, among others. You will also be expected tocomply with all Company policies and procedures applicable during your employment. These enclosedagreements contain important conditions affecting your employment and your legal rights generally.Please read and review them carefully and feel free to consult with your attorney or other advisorconcerning their terms, significance and effect.Of particular importance is the Company’s *Employee Guide to Human Resources Policies andProcedures*. Please take time to read this *Guide*. It is intended as a resource for your day-to-dayreference, and does not constitute a binding contract. If you have any questions or wishadditional information, talk with your Manager.The Company’s policies, practices and benefits are continuously reviewed and updated, and we expectto change them from time to time. Please note changes to the Company’s policies and practices, canonly be made by the President/CEO of the Company or his designee.     Corgi International Limited Company Confidential Page 2 of 4Offer of Employment – Jack Lawrence    
 

 
***At-Will*****Employment Philosophy**As with all employment at the Company, your employment is considered “at will.” This means thatboth you and the Company have the right to terminate the employment relationship at any time withor without advance notice, and with or without cause. This “at will” relationship may only bemodified by a written agreement signed by the President/CEO of the Company.**Form I-9**In accordance with the requirements of the Immigration Reform and Control Act of 1986, you will berequired to provide verification of your identity and legal right to work in the United States.You must complete and return the enclosed Form I-9 within the first three (3) days of theemployment. **Please do NOT complete the form ahead of time, but do bring with you on your startdate the identification documents described in the Form I-9**.**Term of Offer**This offer will remain open for 3 business days from the date of this offer. If you decide toaccept our offer, and I hope you will, please sign the enclosed copy of this letter in the spaceindicated and return it to me. Upon your signature below, this will become our binding agreementwith respect to the subject matter of this letter, and will supersede in its entirety all other, orprior or contemporaneous representations made by the Company and/or any prior agreements whetherwritten or oral by you with the Company. This agreement will be governed by state law and may onlybe amended in writing by the President/CEO of the Company.Your signature at the bottom of this letter confirms that you accept, agree to, will abide by andwill be bound by the following:**•** The contents of this letter, including your initial assignment, compensation, benefits, andnew employee orientation; and **•** The Company’s “*At Will*” employment policy; and **•** The Company’s *Employee Guide to Human Resource Policies and Procedures*(acknowledgmentletter attached for your signature); and **•** The Company’s Confidentiality Agreement (attached for your signature).     Corgi International Limited Company Confidential Page 3 of 4Offer of Employment – Jack Lawrence    
 

 
We are very pleased to extend you this other of employment with our Company. We may expectant thatyour professionalism, experience and energy will be dedicated to greatly enhance our efforts infavor of our clients and our employees.Best regards,Michael Cookson