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Exhibit 10.2    
  

	No. of Stock Units: 150,893	 	Warrant No. LC2-4A

AMENDED AND RESTATED

WARRANT

to Purchase Common Stock of

FAO, Inc.  

THIS
IS TO CERTIFY THAT FORTUNE TWENTY-FIFTH, INC. or registered assigns, is entitled, to purchase from FAO, Inc., a Delaware corporation (the
"Company"), at any time and from time to time after November 21, 2002 (the "Initial Exercisability
Date"), but not later than 5:00 p.m., Pacific Standard time, on October 8, 2007 (the "Expiration Date"), 150,893
Stock Units, in whole or in part, at a purchase price per Stock Unit of $2.40 all on the terms and conditions hereinbelow. 

This
Warrant has been issued in connection with the issuance of that the certain Amended and Restated Equipment Note dated as of November 21, 2002 (the
"Note"), in the aggregate principal amount of $1,857,143. 

THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR REGISTERED OR QUALIFIED
UNDER ANY STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS THE PROPOSED TRANSACTION DOES NOT REQUIRE REGISTRATION OR QUALIFICATION UNDER FEDERAL OR
STATE SECURITIES LAWS, OR UNLESS THE PROPOSED TRANSACTION IS REGISTERED OR QUALIFIED AS REQUIRED. 

        Section 1.
Certain Definitions. As used in this Warrant, unless the context otherwise requires: 

        "Affiliate" of any Person means a Person (1) that directly or indirectly controls, or is controlled by, or is under common control
with, such other Person, (2) that beneficially owns ten percent (10%) or more of the Voting Stock of such other Person, or (3) ten percent (10%) or more of the Voting Stock (or in the
case of a Person which is not a corporation, ten percent (10%) or more of the equity interest) of which is owned by such other Person. The term "control" means the possession, directly or indirectly,
of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise. 

        "Appraised Value" shall mean the fair market value of all outstanding shares of Common Stock (on a fully diluted basis including any
fractional shares and assuming the exercise in full of all then-outstanding options, warrants or other rights to purchase shares of Common Stock that are then currently exercisable at
exercise prices less than the Current Market Price), as determined by the Board of Directors or, if the holders of Warrants object to such appraisal, by a written appraisal prepared by an appraiser
acceptable to the Company and the holders of Warrants. "Fair market value" is defined for this purpose as the price in a single transaction determined on a going-concern basis that would be agreed
upon by the most likely hypothetical buyer for a 100% controlling interest in the equity capital of the Company (on a fully diluted basis including any fractional shares and assuming the exercise in
full of all then-outstanding options, warrants or other rights to purchase shares of Common Stock that are then currently exercisable at exercise prices less than the Current Market
Price), with consideration given to the effect of all noncompete covenants signed by the seller and employment agreements signed by key management personnel of the Company (and of its subsidiaries),
each extending for a period of time considered sufficient by all parties to effect the transfer of goodwill from the seller to the buyer and disregarding any discounts for nonmarketability of Common
Stock of the Company. In the event that the Company and said holders cannot, in good faith, agree upon an appraiser, then the Company, 

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on the one hand, and said holders, on the other hand, shall each select an appraiser, the two appraisers so selected shall select a third appraiser who shall be directed to prepare such a written
appraisal (the "Appraisal") and the term Appraised Value shall mean the appraised value set forth in the Appraisal prepared in accordance with this
definition. The fees and expenses of any appraisers shall be paid by the Company, except in the case in which the valuation of any appraiser who renders an Appraisal is within ten percent (10%) of the
value originally determined by the Board of Directors, in which case the holders shall pay the fees and expenses of any appraisers. In the event that the Company bears the cost of the appraisal
process, such cost shall be deemed an account payable of the Company and shall be considered in the determination of the Appraised Value. 

        "Board of Directors" shall mean either the board of directors of the Company or any duly authorized committee of that board. 

        "Business Day" shall mean any day other than a Saturday, Sunday or a day on which banks in the State of New York are required or permitted
to close. 

        "Commission" shall mean the Securities and Exchange Commission and any other similar or successor agency of the federal government
administering the Securities Act and the Exchange Act. 

        "Common Stock" shall mean the Company's authorized Common Stock, $0.001 par value per share, irrespective of class unless otherwise
specified, as constituted on the date of original issuance of this Warrant, and any stock into which such Common Stock may thereafter be changed, and shall also include stock of the Company of any
other class, which is not preferred as to dividends or assets over any other class of stock of the Company issued to the holders of shares of stock upon any reclassification thereof. 

        "Current Market Price" per share of Common Stock for the purposes of any provision of this Warrant at the date herein specified, shall be
deemed to be the price determined pursuant to the first applicable of the following methods: 

        (i)    If
the Common Stock is traded on a national securities exchange or is traded in the over-the-counter market, the Current Market Price per share
of Common Stock shall be deemed to be the average of the daily market prices for 20 consecutive Trading Days commencing 20 Trading Days before such date. The market price for each such Trading Day
shall be (a) if the Common Stock is traded on a national securities exchange or in the over-the-counter market, its last sale price on the preceding Trading Day on such
national securities exchange or over-the-counter market or, if there was no sale on that day, the last sale price on the next preceding Trading Day on which there was a sale,
all as made available over the Consolidated Last Sale Reporting System of the CTA Plan (the "CLSRS") or, if the Common Stock is not then eligible for
reporting over the CLSRS, its last reported sale price on the preceding Trading Day on such national securities exchange or, if there was no sale on that day, on the next preceding Trading Day on
which there was a sale reported on such exchange or (b) if the principal market for the Common Stock is the over-the-counter market, but the Common Stock is not then
eligible for reporting over the CLSRS, but the Common Stock is quoted on The Nasdaq Stock Market, Inc. ("Nasdaq"), the last sale price reported
on Nasdaq on the preceding Trading Day or, if the Common Stock is an issue for which last sale prices are not reported on Nasdaq, the closing bid quotation on such day, but, in each of the next
preceding two cases, if the relevant Nasdaq price or quotation did not exist on such day, then the price or quotation on the next preceding Trading Day in which there was such a price or quotation. 

        (ii)  If
the Current Market Price per share of Common Stock cannot be ascertained by any of the methods set forth in paragraph (i) immediately above, the Current
Market Price per share of Common
Stock shall be deemed to be the price equal to the quotient determined by dividing the Appraised Value by the number of outstanding shares of Common Stock (on a fully diluted basis 

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including any fractional shares and assuming the exercise in full of all then-outstanding options, warrants or other rights to purchase shares of Common Stock that are then currently
exercisable at exercise prices equal to or less than the Current Market Price). 

        "Current Warrant Price" per share of Common Stock, for the purpose of any provision of this Warrant at the date herein specified, shall
mean the amount equal to the quotient resulting from dividing the Exercise Price in effect on such date by the number of shares (including any fractional share) of Common Stock comprising a Stock Unit
on such date. 

        "Exchange Act" shall mean the Securities and Exchange Act of 1934, as amended, and any similar or successor federal statute, and the rules
and regulations of the Commission thereunder, all as the same shall be in effect at any applicable time. 

        "Exercise Price" shall mean the purchase price per Stock Unit as set forth on the first page of this Warrant on the Issuance Date and
thereafter shall mean such dollar amount as shall result from the adjustments specified in Section 4. 

        "Holder" means, initially, FORTUNE TWENTY-FIFTH, INC., and thereafter any Person that is or Persons that are the registered
holder(s) of the Warrant or Warrant Stock as registered on the books of the Company. 

        "Issuance Date" shall mean the date of issuance of this Warrant. 

        "Nonpreferred Stock" shall mean the Common Stock and shall also include stock of the Company of any other class which is not preferred as
to dividends or assets over any other class of stock of the Company and which is not subject to redemption. 

        "Person" shall include a natural person, limited partnership, a corporation, an association, a partnership, a limited liability company, a
trust or estate, a government, foreign or domestic, and any agency or political subdivision thereof, or any other entity. 

        "Restricted Certificate" shall mean a certificate for Common Stock or a Warrant bearing the restrictive legend set forth in the preamble. 

        "Restricted Securities" shall mean Restricted Stock and the Restricted Warrant. 

        "Restricted Stock" shall mean Common Stock evidenced by a Restricted Certificate. 

        "Restricted Warrant" shall mean a Warrant evidenced by a Restricted Certificate. 

        "Securities" shall mean the Warrant issued to the Holder, and the certificates and other instruments from time to time evidencing the
same. 

        "Securities Act" shall mean the Securities Act of 1933, as amended, and any similar or successor federal statute, and the rules and
regulations of the Commission thereunder, all as the same shall be in effect at any applicable time. 

        "Stock Unit" shall constitute one share of Common Stock, as such Common Stock was constituted on the date hereof and thereafter shall
constitute such number of shares (including any fractional shares) of Common Stock as shall result from the adjustments specified in Section 4. 

        "Trading Day" shall mean a day on which the national securities exchanges were open for trading. 

        "Voting Stock" shall mean any equity security entitling the holder of such security to vote at meetings of shareholders except an equity
security which entitles the holder of such security to vote only upon the occurrence of some contingency, unless that contingency shall have occurred and be continuing. 

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        "Warrant" shall mean this Warrant to purchase an aggregate of 150,893 Stock Units accruing as set forth herein initially issued to FORTUNE
TWENTY-FIFTH, INC., and all Warrants issued upon transfer, division or combination of, or in substitution therefor. 

        "Warrant Stock" shall mean the shares of Common Stock purchasable by the holder of any Warrants upon the exercise thereof. 

        Section 2.
Exercise of Warrant. The holder of this Warrant may, at any time on and after the Initial Exercisability Date, but not
later than the Expiration Date, exercise this Warrant in whole or in part at any time and from time to time for the number of Stock Units which such holder is then entitled to purchase hereunder. The
Holder may exercise this Warrant, in whole or in part, by any of the following methods (or a combination thereof or as otherwise determined by the Company's Board of Directors): 

	(a)
	the
Holder may deliver to the Company at its office maintained pursuant to Section 13 for such purpose (i) a written notice of such Holder's election to exercise this
Warrant, which notice shall specify the number of Stock Units to be purchased, (ii) this Warrant and (iii) a sum equal to the aggregate Exercise Price therefor in immediately available
funds; or

	(b)
	to
the extent permitted by applicable law, the Holder may also exercise this Warrant, in whole or in part, in a "cashless" or "net issue" exercise by delivering to the Company at its
office maintained pursuant to Section 13 for such purpose (i) a written notice of such Holder's election to exercise this Warrant, which notice shall specify the number of Stock Units to
be delivered to such Holder and the number of Stock Units with respect to which this Warrant is being surrendered in payment of the aggregate Exercise Price for the Stock Units to be delivered to the
Holder, and (ii) this Warrant. For purposes of this subparagraph (b), each Stock Unit as to which this Warrant is surrendered will be attributed a value equal to the product of (x) the
Current Market Price per share of Common Stock minus the Current Warrant Price per share of Common Stock, multiplied by (y) the number of shares of Common Stock then comprising a Stock Unit; or

	(c)
	the
Holder may also exercise this Warrant, in whole or in part, by delivering to the Company at its office maintained pursuant to Section 13 for such purpose written notice
accompanying the surrender of this Warrant at the time of such exercise, instructing the Company to apply to the Exercise Price all or any part of the unpaid principal amount of any one or more Notes
at the time held by the Holder, in which case the Company will accept the principal amount specified in such notice in satisfaction of a like amount of such payment. Upon any partial application of a
Note, the Company at its expense shall forthwith issue and deliver to or upon the order of the Holder a new Note or Notes in principal amount of such surrendered Note which has not been applied
against such payment, such new Note or Notes to be dated and to bear interest from the date to which interest has been paid on such surrendered Note. Within two Business Days after receipt of any such
notice, in the manner provided in the Notes, all unpaid interest on the principal amount so specified in such notice, accrued to the date of the exercise of such Warrant. 

        Any
notice required under this Section 2 may be in the form of a subscription set out at the end of this Warrant. Upon delivery thereof, the Company shall as promptly as
practicable, and in any event, subject to compliance with Section 9, within 10 Business Days thereof, cause to be issued in the name of and delivered to such Holder or, subject to
Section 9, as Holder may direct, a certificate or certificates representing the aggregate number of duly authorized, validly issued, fully-paid and nonassessable shares of Common
Stock issuable upon such exercise and, in case such exercise is in part only, a new Warrant or Warrants of like tenor, as further described below. 

        The
stock certificate or certificates for Warrant Stock so delivered shall be in such denominations as may be specified in said notice and shall be registered in the name of such Holder
or, subject to 

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Section 9, such other name or names as shall be designated in said notice. Such certificate or certificates shall be deemed to have been issued and such Holder or any other Person so
designated to be named therein shall be deemed to have become a holder of record of such shares, with, to the extent permitted by law, the right to vote such shares or to consent or to receive notice
as a stockholder, as of the time said notice is delivered to the Company as aforesaid. If this Warrant shall have been exercised only in part, the Company shall, at the time of delivery of said
certificate or certificates, deliver to such Holder a new Warrant dated the date it is issued, evidencing the rights of such Holder to purchase the remaining Stock Units called for by this Warrant,
which new Warrant shall in all other respects be identical with this Warrant. 

        The
Company shall pay all expenses, taxes (other than federal, state, local or foreign income taxes) and other charges payable in connection with the preparation, issue and delivery of
stock certificates and new Warrants under this Section 2. 

        All
shares of Common Stock issuable upon the exercise of this Warrant shall be duly authorized, validly issued, fully paid and nonassessable, and free from all liens and other
encumbrances thereon. The Company will from time to time take all such action as may be necessary to assure that the par value per share of the unissued Common Stock acquirable upon exercise of this
Warrant is at all times equal to or less than the Exercise Price then in effect. 

        The
Company shall not issue certificates for fractional shares of Common Stock upon any exercise of this Warrant whenever, in order to implement the provisions of this Warrant, the
issuance of such fractional shares is required. Instead, the Company shall pay cash in lieu of such fractional shares upon such exercise. 

        Section 3.
Transfer, Division and Combination. Subject to Section 9, this Warrant and all rights hereunder are transferable,
in whole or in part, on the books of the Company to be maintained for such purpose, upon surrender of this Warrant at the office of the Company maintained for such purpose pursuant to
Section 13, together with (a) a written assignment in the form set out at the end of this Warrant duly executed by the Holder hereof or its agent or attorney and (b) payment of
funds sufficient to pay any stock transfer taxes payable upon the making of such transfer. Upon such surrender, execution and payment, the Company shall, subject to Section 9, execute and
deliver a new Warrant or Warrants in the name of the assignee or assignees and in the denominations specified in such instrument of assignment, and this Warrant shall promptly be canceled. If and when
this Warrant is assigned in blank (in case the restrictions on transferability in Section 9 shall have been terminated), the Company may (but shall not be obliged to) treat the bearer hereof as
the absolute owner of this Warrant for all purposes and the Company shall not be affected by any notice to the contrary. This Warrant, if properly assigned in compliance with this Section 3 and
Section 9, may be exercised by an assignee for the purchase of shares of Common Stock without having a new Warrant issued. 

        This
Warrant may, subject to Section 9, be divided upon presentation at the aforesaid office of the Company, together with a written notice specifying the names and denominations
in which new Warrants are to be issued, signed by the holder hereof or its agent or attorney. Subject to compliance with the preceding paragraph and with Section 9, as to any transfer which may
be involved in such division or combination, the Company shall execute and deliver a new Warrant or Warrants in exchange for the Warrant to be divided or combined in accordance with such notice. 

        The
Company shall pay all expenses, taxes (other than federal, state, local or foreign income taxes) and other charges incurred by the Company in the performance of its obligations in
connection with the preparation, issue and delivery of Warrants under this Section 3. 

        The
Company agrees to maintain at its aforesaid office books for the registration and transfer of the Warrants. 

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        Section 4.
Adjustment of Stock Unit or Exercise Price. The number of shares of Common Stock comprising a Stock Unit, and the
Exercise Price per Stock Unit, shall be subject to adjustment from time to time as set forth in this Section 4 and in Section 5. The Company will not take any action with respect to its
Nonpreferred Stock of any class requiring an adjustment pursuant to any of the following Subsections 4.1 or 4.3 without at the same time taking like action with respect to its Nonpreferred Stock of
each other class. 

        4.1.  Stock Dividends, Subdivisions and Combinations. In case at any time or from time to time the Company shall: 

        (a)  take
a record of the holders of its Nonpreferred Stock for the purpose of entitling them to receive a dividend payable in, or other distribution of, Nonpreferred Stock,
or 

        (b)  subdivide
its outstanding shares of Nonpreferred Stock into a larger number of shares of Nonpreferred Stock, or 

        (c)  combine
its outstanding shares of Nonpreferred Stock into a smaller number of shares of Nonpreferred Stock, 

then
the number of shares of Common Stock comprising a Stock Unit immediately after the happening of any such event shall be adjusted so as to consist of the number of shares of Common Stock which a
record holder of the number of shares of Common Stock comprising a Stock Unit immediately prior to the happening of such event would own or be entitled to receive after the happening of such event. 

        4.2.
Other Provisions Applicable to Adjustments. The following provisions shall be applicable to the making of adjustments of the number
of shares of Common Stock comprising a Stock Unit hereinbefore provided for in this Section 4: 

        (a)  When Adjustments to Be Made. The adjustments required by Section 4.1 shall be made whenever and as often as any
specified event requiring an adjustment shall occur. For the purpose of any adjustment, any specified event shall be deemed to have occurred at the close of business on the date of its occurrence. 

        (b)  Fractional Interests. In computing adjustments under this Section 4, fractional interests in Nonpreferred Stock
shall be taken into account to the nearest one-thousandth of a share. 

        (c)  When Adjustment Not Required. If the Company shall take a record of the holders of its Nonpreferred Stock for the purpose
of entitling them to receive a dividend or distribution and shall, thereafter and before the distribution thereof to shareholders, abandon its plan to pay or deliver such dividend or distribution,
then thereafter no adjustment shall be required by reason of the taking of such record and any such adjustment previously made in respect thereof shall be rescinded and annulled. 

        4.3.
Merger, Consolidation Etc. In case the Company shall (a) merge into or consolidate with another Person and shall not be the
continuing or surviving Person of such merger or consolidation, (b) shall permit any other Person to merge into or consolidate with the Company and the Company shall be the continuing or
surviving Person, but, in connection with such merger or consolidation, the Common Stock shall be changed into or exchanged for stock or other securities of any other Person or cash or any other any
other property, (c) shall sell, transfer or otherwise dispose of all or substantially all of its property, assets or business to another Person or (d) effect a capital reorganization or
reclassification of the Common Stock (other than a capital reorganization or reclassification for which an adjustment is provided by Section 4.1) and pursuant to the terms of such merger,
consolidation, disposition, capital reorganization or reclassification, shares of common stock of a successor or acquiring Person are to be received by or distributed to the holders of Nonpreferred
Stock of the Company, then each holder of a Warrant shall have the right thereafter to receive, upon exercise of such Warrant, Stock Units each comprising the number of shares of common stock of such
successor or 

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acquiring Person receivable upon or as a result of such merger, consolidation, disposition, capital reorganization or reclassification by a holder of the number of shares of Nonpreferred Stock
comprising a Stock Unit immediately prior to such event. If, pursuant to the terms of such merger,
consolidation, disposition, capital reorganization or reclassification, any cash, shares of stock, other securities or property or warrants or other subscription or purchase rights or property of any
nature whatsoever are to be received by or distributed to the holders of Nonpreferred Stock of the Company, there shall be either, at the Holder's option, (i) a reduction of the Exercise Price
equal to the amount applicable to the number of shares of Common Stock then comprising a Stock Unit of any such cash and of the fair value of any and all such shares of stock or of other securities or
property to be received by or distributed to the holders of Nonpreferred Stock of the Company, or (ii) such Holder shall have the right to receive, upon exercise of its Warrant, such cash,
shares of stock or other securities or property of any nature as a holder of the number of shares of Nonpreferred Stock underlying a Stock Unit would have been entitled to receive upon the occurrence
of such event. Such fair value shall be determined in good faith by the Board of Directors of the Company, provided that if such determination is objected to by the holders of Warrants, such
determination shall be made by an independent appraiser selected by the Company and said holders. In the event that the Company and said holders cannot, in good faith, agree upon an appraiser, then
the Company, on the one hand, and said holders, on the other hand, shall each select an appraiser, the two appraisers so selected shall select a third appraiser who shall be directed to prepare such a
written appraisal which shall be conclusive and binding on the parties. The fees and expenses of any appraisers shall be paid by the Company, except in the case where the valuation of any appraiser
who renders an Appraisal is within ten percent (10%) of the value originally determined by the Board of Directors, in which case the holders shall pay the fees and expenses of any appraisers. In case
of any such merger, consolidation, disposition, capital reorganization or reclassification, the successor or acquiring Person shall expressly assume the due and punctual observance and performance of
each and every covenant and condition of this Warrant to be performed and observed by the Company and all of the obligations and liabilities hereunder, subject to such modification as shall be
necessary to provide for adjustments of Stock Units which shall be as nearly equivalent as practicable to the adjustments provided for in this Section 4. For the purposes of this
Section 4 "common stock of the successor or acquiring Person" shall include stock of such corporation of any class, that is not preferred as to
dividends or assets over any other class of stock of such corporation and that is not subject to redemption, and shall also include any evidences of indebtedness, shares of stock or other securities
which are convertible into or exchangeable for any such stock, either immediately or upon the arrival of a specified date or the happening of a specified event, and any warrants or other rights to
subscribe for or purchase any such stock. The foregoing provisions of this Subsection 4.3 shall similarly apply to successive mergers, consolidations, dispositions, capital reorganizations or
reclassifications. 

        4.4
No Impairment. The Company will not, by amendment of its certificate of incorporation or through a consolidation, merger,
reorganization, transfer of assets, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Warrant,
but will at all times in good faith assist in the carrying out of all such terms and in the taking of all such action as may be necessary or appropriate in order to protect the rights of the Holder of
this Warrant against impairment. Without limiting the generality of the foregoing, the Company (a) shall obtain the consent of the original Holder to any merger, consolidation or sale of all or
substantially all of the Company's assets to which the Company is a party and any equity issuance by the Company (other than as a result of the conversion or exchange of, or exercise of rights or
issuance of pay-in-kind securities with respect to, outstanding securities of the Company or the issuance of securities in connection with the acquisition of the assets of
F.A.O. Schwarz and its online affiliate) until such time as the Company shall have obtained approval from its shareholders to authorize sufficient additional shares of Common Stock to permit exercise
of this Warrant, (b) will not permit the par value of any shares of stock receivable upon the exercise of this Warrant to exceed the amount 

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payable therefor upon such exercise, (c) will take all such action as may be necessary or appropriate in order that the Company may validly and legally issue fully paid and nonassessable
shares of stock on the exercise of the Warrants from time to time outstanding, and (d) will not take any action that results in any adjustment of the Exercise Price if the total number of
shares of Common Stock (or other securities) issuable after the action upon exercise of all of the Warrants would exceed the total number of shares of Common Stock (or other securities) then
authorized by the Company's certificate of incorporation and available for the purpose of issue upon such exercise. 

        Section 5.
Notice to Warrant Holders. 

        5.1.
Notice of Adjustment of Stock Unit or Exercise Price. Whenever the number of shares of Common Stock comprising a Stock Unit, or the
price at which a Stock Unit may be purchased upon exercise of the Warrants, shall be adjusted pursuant to Section 4, the Company shall forthwith obtain a certificate signed by independent
accountants, of recognized national standing, selected by the Company and reasonably acceptable to the Holder(s) of the Warrants, setting forth, in reasonable detail, the event requiring the
adjustment and the method by which such adjustment was calculated (including a statement of the fair value, as determined by the Board of Directors of the Company or by appraisal (if applicable), of
any evidences of indebtedness, shares of stock, other securities or property or warrants or other subscription or purchase rights or property of any nature whatsoever referred to in
Section 4.3) and specifying the number of shares of Common Stock comprising a Stock Unit and (if such adjustment was made pursuant to Section 4.3) describing the number and kind of any
other shares of stock comprising a Stock Unit, and any change in the purchase price or prices thereof, after giving effect to such adjustment or change. The Company shall promptly, and in any case
within three days after the making of such adjustment, cause a signed copy of such certificate to be delivered to each holder of a Warrant in accordance with Section 14. The Company shall keep
at its office or agency, maintained for the purpose pursuant to Section 13, copies of all such certificates and cause the same to be available for inspection at said office during normal
business hours by any holder of a Warrant or any prospective purchaser of a Warrant designated by a holder thereof. 

        5.2.
Notice of Certain Corporate Action. In case the Company shall propose (a) to pay any dividend to the holders of any class of
securities or to make any other distribution to the holders of any class of securities (other than a regular, periodic cash dividend in an amount not exceeding the amount of the immediately preceding
cash dividend for the immediately preceding period) or to grant any right to subscribe for, purchase or otherwise acquire any shares of stock of any class or any other securities or property, or to
receive any other right or (b) to effect any consolidation, merger or sale, capital reorganization, reclassification or recapitalization of the capital stock organic change, transfer or other
disposition of all or substantially all of its property, assets or business, voluntary or involuntary dissolution, liquidation or winding-up of the Company, then in each such case, the
Company shall deliver to each holder of a Warrant, in accordance with Section 14, a notice of such proposed action, which shall specify the date on which a record is to be taken for the
purposes of, and expected date of consummation of, such dividend, distribution or rights, consolidation, merger, sale, capital reorganization, reclassification or recapitalization of the capital
stock, organic change, transfer or voluntary or involuntary dissolution, liquidation or winding-up of the Company or transfer is to take place and the date of any participation therein by
the holders of Nonpreferred Stock, if any such date is to be fixed, and shall also set forth such facts with respect thereto as shall be reasonably necessary to indicate the effect of such action on
the Nonpreferred Stock and the number and kind of any other shares of stock which will comprise a Stock Unit, and the purchase price or prices thereof, after giving effect to any adjustment which will
be required as a result of such action. Such notice shall be so
delivered as promptly as reasonably possible and, in any event, at least 10 days prior to the date therein specified. 

        Section 6.  Reservation and Authorization of Common Stock. The Company shall at all times reserve and keep available for solely
issue upon the exercise of Warrants such number of its authorized but 

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unissued shares of Common Stock as will be sufficient to permit the exercise in full of all outstanding Warrants. All shares of Common Stock which shall be so issuable, when issued upon exercise of
any Warrant or upon such exercise, as the case may be, shall be duly and validly authorized and issued, fully-paid and nonassessable. 

        Section 7.  Taking of Record; Stock and Warrant Transfer Books. In the case of all dividends or other distributions by the Company
to the holders of its Nonpreferred Stock with respect to which any provision of Section 4 refers to the taking of a record of such holders, the Company will in each such case take such record
as of the close of business on a Business Day. The Company will not at any time, except upon dissolution, liquidation or winding up or as otherwise may be required by law, close its stock transfer
books or Warrant transfer books so as to result in preventing or delaying the exercise or transfer of any Warrant. 

        Section 8.  Taxes. The Company will pay all taxes (other than federal, state, local or foreign income taxes) which may be payable in
connection with the execution and delivery of this Warrant or the issuance and sale of the Restricted Securities hereunder or in connection with any modification of the Restricted Securities and will
save the Holder harmless without limitation as to time against any and all liabilities with respect to or resulting from any delay in paying, or omission to pay, such taxes. The obligations of the
Company under this Section 8 shall survive any redemption, repurchase or acquisition of Restricted Securities by the Company. 

        Section 9.  Restrictions on Transferability. The Restricted Securities shall not be transferable except upon the conditions
specified in this Section 9. 

        9.1
Transfer to an Affiliate. The Holder shall have the right to transfer any Restricted Securities to any Affiliate of the Holder, in
each case without complying with the restrictions imposed by this Section 9 other than the requirement as to the legending of the certificates for such Restricted Securities specified in
Section 9.3. No opinion of counsel shall be required for a transfer of Restricted Securities to an Affiliate of the Holder. 

        9.2  Transfer to a Non-Affiliate. The Holder and his or her or her subsequent transferees shall have the right to transfer any
Restricted Securities to a non-Affiliate of the Holder as follows: 

        (a)  Prior
to any transfer or attempted transfer of any Restricted Securities to a non-Affiliate of the Holder, the holder of such Restricted Certificate shall
give written notice to the Company of such Holder's intention to effect such transfer. Each such notice shall describe the manner and circumstances of the proposed transfer in reasonable detail. 

        (b)  Upon
receipt of such notice, the Company may request an opinion of counsel of the transferring Holder to the effect that such proposed transfer may be effected without
registration under the Securities Act. Upon receipt of such opinion, or if the Company does not request such an opinion, within five (5) Business Days after receiving notice of the proposed
transfer, the Company shall, as promptly as practicable, so notify the Holder of such Restricted Certificate and the Holder shall thereupon be entitled to transfer such Restricted Securities in
accordance with the terms of the notice delivered by the Holder to the Company. Each certificate evidencing the Restricted Securities thus to be transferred (and each certificate evidencing any
untransferred balance of the Restricted Securities evidenced by such Restricted Certificate) shall bear the restrictive legend set forth in Section 9.3, unless in the opinion of the Company or
the opinion of such counsel, if requested, pursuant to Rule 144(k) of the Securities Act or otherwise, such legend is not required in order to ensure compliance with the Securities Act. The
fees and expenses of counsel for any such opinion shall be paid by the Company. 

        9.3
Restrictive Legend. Unless and until the Restricted Securities have been registered under the Securities Act, this Warrant, each
Warrant issued to any transferee of the Holder, each certificate for any Warrant Stock issued upon exercise of any Warrant and each certificate for any Warrant Stock 

9

 

issued to any transferee of any such certificate, shall be stamped or otherwise imprinted with a legend in substantially the following form: 

"THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR REGISTERED OR QUALIFIED UNDER ANY STATE SECURITIES LAWS. THE SECURITIES MAY
NOT BE SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS THE PROPOSED TRANSACTION DOES NOT REQUIRE REGISTRATION OR QUALIFICATION UNDER FEDERAL OR STATE SECURITIES LAWS, OR UNLESS THE PROPOSED
TRANSACTION IS REGISTERED OR QUALIFIED AS REQUIRED." 

Whenever
such restriction shall cease and terminate as to any Restricted Securities, the Holder shall be entitled to receive from the Company, without expense (other than applicable transfer taxes, if
any), new securities of like tenor not bearing the legend required by this Subsection 9.3 upon delivery of satisfactory evidence to the Company of such cessation and termination (including an opinion
of counsel reasonably satisfactory to the Company). 

        Section 10.  Limitation of Liability. No provision hereof, in the absence of affirmative action by the Holder to purchase shares of
Common Stock, and no mere enumeration herein of the rights or
privileges of the Holder, shall give rise to any liability of the Holder for the purchase price of the Warrant Stock or as a stockholder of the Company, whether such liability is asserted by the
Company or by creditors of the Company. 

        Section 11.
Loss or Destruction of Warrant Certificates. Upon receipt of evidence reasonably satisfactory to the Company of the
loss, theft, destruction or mutilation of any Warrant and, in the case of any such loss, theft or destruction, upon receipt of indemnity or security in an amount reasonably satisfactory to the Company
(the original Holder's or any other institutional Holder's indemnity being satisfactory indemnity in the event of loss, theft or destruction of any Warrant owned by such institutional Holder), or, in
the case of any such mutilation, upon surrender and cancellation of such Warrant, the Company will at its own expense execute and deliver, in lieu of such lost, stolen, destroyed or mutilated Warrant,
a new Warrant of like tenor and representing the right to purchase the same aggregate number of shares of Common Stock. 

        Section 12.  Amendments. The terms of this Warrant may be amended, and the observance of any term therein may be waived, but only
with the unanimous written consent of the holders of Warrants subject to such amendment. 

        Section 13.
Office of the Company. So long as any Warrant remains outstanding, the Company shall maintain an office where the
Warrants may be presented for exercise, transfer, division or combination as in this Warrant provided. Such office shall be at 2520 Renaissance Boulevard, King of Prussia, Pennsylvania, 19406 FAX:
(610) 278-7804, unless and until the Company shall designate and maintain some other office for such purposes and deliver written notice thereof to the holders of all outstanding
Warrants. 

        Section 14.
Notices Generally. 

        14.1.
All communications (including all required or permitted notices) pursuant to the provisions hereof shall be in writing and shall be sent, to any registered Holder of any Warrants
or Warrant Stock, to the address of such Holder as it appears in the stock or warrant ledger of the Company or at such other address as such Holder may have furnished in writing to the Company. 

        14.2.
Any notice shall be deemed to have been duly delivered when delivered by hand, if personally delivered, and if sent by mail to a party whose address is in the same country as the
sender, two Business Days after being deposited in the mail, postage prepaid, and if sent by recognized international courier, freight prepaid, with a copy sent by telecopier, to a party whose address
is not in 

10

 

the same country as the sender, three Business Days after the later of (a) being telecopied and (b) delivery to such courier. 

        Section 15.  Registration Rights. The Company agrees, upon request of the holders of Warrants, to register the Common Stock issuable
upon exercise of this Warrant on substantially the same terms it agreed to provide registration rights to Athanor Holdings, LLC in connection with its investment in the Company's Series E
Contingent Convertible Preferred Stock; provided that this Section shall not require registration on any form if the Commission would not permit registration of such Common Stock on that form. 

        Section 16.
Governing Law. This Warrant shall be governed by and construed in accordance with the laws of the State of New York
(without regard to conflicts of law provisions thereof). 

        Section 17.  Remedies. The Company stipulates that the remedies at law of the Holder in the event of any default or threatened
default by the Company in the performance of or compliance with any of the terms of this Warrant are not and will not be adequate and that, to the fullest extent permitted by law, such terms may be
specifically enforced by a decree for the specific performance of any agreement contained herein or by an injunction against a violation of any of the terms hereof or otherwise. 

[Remainder
of Page Intentionally Left Blank] 

11

 

        IN
WITNESS WHEREOF, the Company has caused this Warrant to be signed in its name by its President or a Vice President and attested by its Secretary or an Assistant Secretary. 

	Dated as of: November 21, 2002	 	 	 
	

 	
 	

FAO, INC.
	

 	
 	

By:	

/s/  RAYMOND P. SPRINGER      
 Raymond P. Springer

Its: Executive Vice President and Chief Financial Officer
	 	 	 	 

	ATTEST:	 
	 	 	 
	By:	/s/  KENDRICK F. ROYER      
	 
	Name: Kendrick F. Royer

Title: Secretary	 
	

AGREED AND CONSENTED TO:	

 
	
FORTUNE TWENTY-FIFTH, INC.	

 
	

By:	

/s/  FRED KAYNE      
 Name: Fred Kayne

Title: President	

 
	 	 	 

12

SUBSCRIPTION FORM

(to be executed only upon exercise of Warrant)  

        The undersigned registered owner of this Warrant irrevocably exercises this Warrant for and purchases Stock Units of FAO, Inc., a Delaware corporation,
purchasable with this Warrant, and herewith makes payment therefor (by check in the amount of $            ), or hereby
tenders                        Stock Units as payment therefor, all at the price and
on the terms and conditions specified in this Warrant and requests that certificates for the shares of Common Stock hereby purchased (and any securities or other property issuable upon such exercise)
be issued in the name of and delivered to                        whose address
is                                    and, if such Stock Units shall
not include all of the Stock Units issuable as
provided in this Warrant that a new Warrant of like tenor and date for the balance of the Stock Units issuable thereunder be delivered to the undersigned. 

Dated:            ,            

	 	 	    
 (Signature of Registered Owner)
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	        
 (Street Address)
	 	 	        
 (City)	 	        
 (State)	 	        
 (Zip Code)

 
ASSIGNMENT FORM  

        FOR VALUE RECEIVED the undersigned registered owner of this Warrant hereby sells, assigns and transfers unto the Assignee named below all of the rights of the
undersigned under this Warrant, with respect to the number of Stock Units set forth below: 

	Number of Stock Units
	 	Name and Address of Assignee

	 	 	 
	 	 	 
	 	 	 
	 	 	 

and does hereby irrevocably constitute and
appoint                                    Attorney to make sure
transfer occurs on the books of
FAO, Inc., a Delaware corporation, maintained for the purpose, with full power of substitution in the premises. 

	Dated:
	 
	 
	
 Signature
	 
	 
	
 Witness
	 

	NOTICE:	The signature to the assignment must correspond with the name as written upon the face of the Warrant in every particular instance, without alteration or enlargement or any change whatsoever.

        The signature to this assignment must be guaranteed by a bank or trust company having an office or correspondent in New York, New York or by a firm having
membership on the New York Stock Exchange. 

2

QuickLinks

Exhibit 10.2Exhibit 10.3  

AMENDED AND RESTATED

SECURITY AGREEMENT  

        This AMENDED AND RESTATED SECURITY AGREEMENT, dated as of November 21, 2002 amends and restates that certain Security Agreement dated as of
October 8, 2002, made by each of FAO, Inc. ("FAO"), a Delaware corporation, FAO Schwarz, Inc. ("Schwarz"), a Delaware corporation and ZB Company, Inc., a Delaware
corporation ("ZB", and, together with FAO and Schwarz, "Grantors"), in favor of Kayne Anderson Capital Advisors, L.P., as agent ("KACA"), and Fortune Twenty-Fifth, Inc. (together with KACA, the
"Secured Parties"), holders of certain notes dated as of October 9, 2002 (the "Existing Notes"), as amended and restated as of the date hereof in the aggregate principal amount of up to
$13,000,000 (the "Equipment Notes"), issued by Grantors to Secured Parties, with reference to the following facts: 

RECITALS  

        A. The Secured Parties provided letters of credit in an aggregate amount of $13,000,000 for the benefit of the Grantors which letters of credit were to expire
November 8, 2002 (the "Letters of Credit"). 

        B.
In connection with the arrangement of the Letters of Credit by the Secured Parties, the Grantors became obligated to pay the Secured Parties a 15% per annum rate of return on the face
amount of the Letters of Credit for the period during which they were outstanding and to cause such Letters of Credit to expire unexercised (the "Initial Indebtedness") or the Grantors would become
obligated on certain contingent secured notes (the "Contingent Notes") issued with a contingent aggregate principal amount equal to the amount, if any, drawn on the Letters of Credit. 

        C.
The Grantors also issued contingent warrants to the Secured Parties in connection with the Contingent Notes which would become exercisable only if the contingency was satisfied
causing the Contingent Notes becoming effective. 

        D.
The Grantors and the Secured Parties subsequently agreed that Grantors would issue the Existing Notes and new contingent warrants in exchange for cancellation of the Initial
Indebtedness and return
of the Contingent Notes as well as the security agreement and contingent warrants issued in connection therewith. 

        E.
The Grantors and the Secured Parties subsequently agreed to amend and restate the Existing Notes to, among other things, extend the maturity of the Existing Notes which, as so amended
and restated are referred to in this Security Agreement as the Equipment Notes. 

AGREEMENT  

        NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which hereby is acknowledged, each of the Grantors hereby represents, warrants,
covenants, agrees, assigns and grants as follows: 

        1.  Definitions. Terms defined in the Equipment Notes and not otherwise defined in this Agreement shall have the meanings defined for those
terms in the Equipment Notes. Terms defined in the New York Uniform Commercial Code and not otherwise defined in this Agreement or in the Equipment Notes shall have the meanings defined for those
terms in the New York Uniform Commercial Code. As used in this Agreement, the following terms shall have the meanings respectively set forth after each: 

        "Agreement" means this security agreement, and any extensions, modifications, renewals, restatements, supplements or amendments hereof. 

        "Collateral" means all of Grantors' now owned or hereafter acquired right, title and interest in and to each of the following: 

        (a)  the
Equipment; 

        (b)  books
and records related to the Equipment; 

        (c)  any
and all proceeds and products, whether tangible or intangible, of any of the foregoing, including proceeds of insurance covering any or all of the foregoing, and any
and all accounts, books, chattel paper, general intangibles, goods (including without limitation equipment and inventory), investment
property, instruments, letter of credit rights, real property, money, or other tangible or intangible property (as such terms are defined from time to time in the Uniform Commercial Code as in effect
in the State of New York), resulting from the sale, exchange, collection, or other disposition of any of the foregoing, or any portion thereof or interest therein, and the proceeds thereof. 

        "Equipment" means all of Grantors' now owned or hereafter acquired right, title, and interest with respect to "equipment", as such term is
defined from time to time in the Uniform Commercial Code as in effect in the State of New York, fixtures and vehicles (including motor vehicles) including all attachments, accessories, accessions,
replacements, substitutions, additions, and improvements to any of the foregoing; provided that "Equipment" shall not include the "Collateral" as that term is defined in that certain Security
Agreement dated as of September 5, 2001 by and between ZB Company, Inc. and PNC Leasing, LLC as of the date hereof. 

        "Secured Obligations" means any and all present and future obligations of Grantors arising under or relating to the Equipment Notes or any
one or more of them, whether due or to become due, matured or unmatured, or liquidated or unliquidated, including interest that accrues after the commencement of any bankruptcy or insolvency
proceeding by or against Grantors. 

        2.
Further Assurances; Warranty. At any time and from time to time at the request of the Secured Parties, Grantors shall execute and
deliver to the Secured Parties all such financing statements and other instruments and documents in form and substance satisfactory to the Secured Parties as shall be necessary or desirable to fully
perfect, when filed and/or recorded, the Secured Parties' security interests granted pursuant to Section 3 of this Agreement. At any time and
from time to time, the Secured Parties shall be entitled to file and/or record any or all such financing statements, instruments and documents held by them, and any or all such further financing
statements, documents and instruments, and to take all such other actions, as the Secured Parties may deem appropriate to perfect and to maintain perfected the security interests granted in  Section 3 of this Agreement. Before and after the occurrence of any Event of Default, at the Secured Parties' request, Grantors shall execute all
such further financing statements, instruments and documents, and shall do all such further acts and things, as may be deemed necessary or desirable by the Secured Parties to create and perfect, and
to continue and preserve, an indefeasible security interest in the Collateral in favor of the Secured Parties, or the priority thereof, including causing any such financing statements to be filed
and/or recorded in the applicable jurisdiction. 

        Grantors
represent and warrant that they are the sole beneficial owners of the Collateral and that the Collateral is free and clear of liens except for liens permitted under that certain
Loan and Security Agreement by and among the Grantors and Wells Fargo Retail Finance, LLC, as agent, dated as of April 30, 2002, as amended. 

        3.
Security Agreement. For valuable consideration, Grantors assign and pledge to the Secured Parties, and grants to the Secured Parties a
security interest in, all currently existing and hereafter acquired Collateral (except to the extent such a lien is prohibited by agreements of the Grantors existing on the date hereof), as security
for the timely payment of all of the Secured Obligations. This Agreement is a continuing and irrevocable agreement and all the rights, powers, privileges and remedies hereunder
shall apply to any and all Secured Obligations, including those Secured Obligations arising under successive transactions which shall either continue the Secured Obligations, increase or decrease
them, or from time to time create new Secured Obligations after all or any prior Secured Obligations have been satisfied, and notwithstanding the bankruptcy of Grantors. 

        4.  Events of Default. There shall be an Event of Default hereunder upon the occurrence and during the continuance of an Event of Default
under the Equipment Notes. 

        5.
Rights Upon Event of Default. Upon the occurrence and during the continuance of an Event of Default, the Secured Parties shall have, in
any jurisdiction where enforcement hereof is sought, in addition to all other rights and remedies that the Secured Parties may have under applicable law or in equity or under this Agreement all rights
and remedies of a secured party under the Uniform Commercial Code as enacted in any jurisdiction. 

        6.
Voting Rights; Dividends; Etc. With respect to any Collateral consisting of securities, partnership interests, joint venture interests,
investments or the like in the possession of the Secured Parties (referred to collectively and individually in this Section 6 and in  Section 7 as
the "Investment Collateral"), so long as no Event of Default occurs and remains continuing: 

        6.1  Voting Rights. Grantors shall be entitled to exercise any and all voting and other consensual rights pertaining to the Investment
Collateral, or any part thereof, for any purpose not inconsistent with the terms of this Agreement or the Equipment Notes. 

        6.2
Dividend and Distribution Rights. Grantors shall be entitled to receive and to retain and use any and all dividends or distributions
paid in respect of the Investment Collateral. 

        7.  Rights During Event of Default. With respect to any Investment Collateral in the possession of the Secured Parties, so long as an Event
of Default has occurred and is continuing: 

        7.1
Voting, Dividend and Distribution Rights. At the option of the Secured Parties, all rights of Grantors to exercise the voting and
other consensual rights which they would otherwise be entitled to exercise pursuant to Section 6.1 above, and to receive the dividends and
distributions which they would otherwise be authorized to receive and retain pursuant to Section 6.2 above, shall cease, and all such rights
thereupon shall become vested in the Secured Parties which thereupon shall have the sole right to exercise such voting and other consensual rights and to receive and to hold as pledged Collateral such
dividends and distributions. 

        7.2
Dividends and Distributions Held in Trust. All dividends and other distributions which are received by Grantors contrary to the
provisions of this Agreement shall be received in trust for the benefit of the Secured Parties, shall be segregated from other funds of Grantors and forthwith shall be paid over to Secured Parties as
pledged Collateral in the same form as so received (with any necessary endorsements). 

        8.  Costs and Expenses. Grantors agree to pay to the Secured Parties all costs and expenses (including, without limitation, reasonable
attorneys' fees and disbursements) incurred by the Secured Parties in the enforcement or attempted enforcement of this Agreement, whether or not an action is filed in connection therewith, and in
connection with any waiver or amendment of any term or provision hereof. All advances, charges, costs and expenses, including reasonable attorneys' fees and disbursements, incurred or paid by the
Secured Parties in exercising any right, privilege, power or remedy conferred by this Agreement, or in the enforcement or attempted enforcement thereof, shall be secured hereby and shall become a part
of the Secured Obligations and shall be paid to the Secured Parties by Grantors, immediately upon demand, together with interest thereon from the date of demand at the rate of 8% per annum. 

        9.
Continuing Effect. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or
against Grantors for liquidation or reorganization, should Grantors become insolvent or make an assignment for the benefit of creditors or should a receiver or trustee be appointed for all or any
significant part of Grantors' assets, and shall continue to be effective or be reinstated, as the case may be, if at any time payment and performance of the Secured Obligations, or any part thereof,
is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by the Secured Parties, whether as a "voidable preference," "fraudulent conveyance" or
otherwise, all as though such payment or performance had not been made. In the event that any payment or any part thereof is rescinded, reduced, restored or returned, the Secured Obligations shall be
reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned. 

        10.
Release of Grantors. This Agreement shall be terminated and all Secured Obligations of Grantors hereunder shall be released when all
Secured Obligations have been paid in full or upon such release of Grantors' Secured Obligations hereunder. Upon such termination Secured Parties shall return any pledged Collateral to Grantors, or to
the person or persons legally entitled thereto, and shall endorse, execute, deliver, record and file all instruments and documents, and do all other acts and things reasonably required for the return
of the Collateral to Grantors, or to the person or persons legally entitled thereto, and to evidence or document the release of the Secured Parties' interests arising under this Agreement, all as
reasonably requested by, and at the sole expense of, Grantors. 

        11.  GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF
NEW
YORK.

        IN
WITNESS WHEREOF, Each of the Grantors has executed this Agreement by its duly authorized officer as of the date first written above. 

	 	 	"Grantors"
	

 	
 	

FAO, INC.,

a Delaware corporation
	

 	
 	

By:	

/s/  RAYMOND P. SPRINGER      
 Raymond P. Springer
 Executive Vice President and Chief Financial
Officer
	

 	
 	

FAO SCHWARZ, INC.,

a Delaware corporation
	

 	
 	

By:	

/s/  RAYMOND P. SPRINGER      
 Raymond P. Springer
 Executive Vice President and Chief Financial
Officer
	

 	
 	

ZB COMPANY, INC.,

a Delaware corporation
	

 	
 	

By:	

/s/  RAYMOND P. SPRINGER      
 Raymond P. Springer
 Executive Vice President and Chief Financial
Officer
	 	 	 	 

	ACCEPTED AND AGREED

AS OF THE DATE FIRST

ABOVE WRITTEN:	 
	

"Secured Parties"	

 
	

KAYNE ANDERSON CAPITAL ADVISORS, L.P.	

 
	

By	

/s/  DAVID SHLADOVSKY      
	

 
	Title: General Counsel	 
	 	 	 
	

FORTUNE TWENTY-FIFTH, INC.	

 
	

By	

/s/  FRED KAYNE      
	

 
	Title: President

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