Document:

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                                                                 Exhibit 10.27.1

                            AMENDMENT NO. ONE TO THE
              ARTHUR J. GALLAGHER & CO. RESTATED 1988 NONQUALIFIED
                                STOCK OPTION PLAN

         THIS AMENDMENT NO. ONE to the ARTHUR J. GALLAGHER & CO. 1988
NONQUALIFIED STOCK OPTION PLAN (as restated January 22, 1998), dated January 20,
2000, is made by Arthur J. Gallagher & Co., a Delaware corporation (the
"Company").

         WHEREAS, the Arthur J. Gallagher & Co. 1988 Nonqualified Stock Option
Plan (the "Plan") was adopted by the Company's Board of Directors and approved
by the Company's Stockholders in 1988; and

         WHEREAS, the Company's Board of Directors has determined that the Plan
should be amended to increase the number of shares of the Company's Common Stock
subject to the Plan by 500,000 from 6,350,000 to 6,850,000 shares.

         NOW, THEREFORE, in consideration of the foregoing and in order to
reflect the approval of the Board of Directors of the Company:

         1. The first sentence of Paragraph 3 of the Plan is hereby amended in
its entirety to read as follows:

         "The shares that may be made subject to options under the Plan shall be
         shares of Common Stock of the Company, one dollar ($1.00) par value
         ("Common Stock"), and the total shares subject to option and issued
         pursuant to this Plan shall not exceed, in the aggregate, 6,850,000
         shares of the Common Stock of the Company."

         2. Except as expressly amended and supplemented by this Amendment, the
Plan is hereby ratified and confirmed in all respects.

         IN WITNESS WHEREOF, the Company has caused its President and Secretary
to execute this Amendment No. One to the Restated Plan as of the 20th day of
January, 2000.

                                        ARTHUR J. GALLAGHER & CO.

                                        By: /s/ J. Patrick Gallagher, Jr.
                                            ---------------------------------
                                            J. Patrick Gallagher, Jr.
                                            President
ATTEST:

/s/ Michael J. Cloherty
---------------------------------
Michael J. Cloherty
Secretary<PAGE>

                                                                 Exhibit 10.28.1

                            AMENDMENT NO. TWO TO THE
              ARTHUR J. GALLAGHER & CO. RESTATED 1989 NON-EMPLOYEE
                          DIRECTORS' STOCK OPTION PLAN

         THIS AMENDMENT NO. TWO to the ARTHUR J. GALLAGHER & CO. 1989
NON-EMPLOYEE DIRECTORS' STOCK OPTION PLAN (as restated January 22, 1998), dated
January 20, 2000, is made by Arthur J. Gallagher & Co., a Delaware corporation
(the "Company").

         WHEREAS, the Arthur J. Gallagher & Co. 1989 Non-Employee Directors'
Stock Option Plan (the "Plan") was adopted by the Company's Board of Directors
and approved by the Company's Stockholders in 1989; and

         WHEREAS, the Company's Board of Directors has determined that the Plan
should be amended to increase the number of shares of the Company's Common Stock
subject to the Plan by 35,000 from 200,000 to 235,000 shares.

         NOW, THEREFORE, in consideration of the foregoing and in order to
reflect the approval of the Board of Directors of the Company:

         1. The first sentence of Section 4 of the Plan is hereby amended in its
entirety to read as follows:

         "The shares that may be made subject to Options under the Plan shall be
         shares of common stock, one dollar ($1.00) par value ("Common Stock"),
         of the Company, and the total number of shares subject to the Options
         and issued pursuant to this Plan shall not exceed, in the aggregate,
         235,000 shares of the Common Stock of the Company."

         2. Except as expressly amended and supplemented by this Amendment, the
Plan is hereby ratified and confirmed in all respects.

         IN WITNESS WHEREOF, the Company has caused its President and Secretary
to execute this Amendment No. Two to the Plan as of the 20th day of January,
2000.

                                        ARTHUR J. GALLAGHER & CO.

                                        By: /s/ J. Patrick Gallagher, Jr.
                                            ---------------------------------
                                            J. Patrick Gallagher, Jr.
                                            President
ATTEST:

/s/ Michael J. Cloherty
---------------------------------
Michael J. Cloherty
Secretary<PAGE>

                                   EXHIBIT 4.1
TRANSFER OF THIS WARRANT IS PROHIBITED, EXCEPT AS PROVIDED IN SECTION 2. THE
SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933 AS AMENDED, OR UNDER THE LAWS OF ANY STATE, AND THUS MAY
NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION UNDER
SUCH LAWS OR AN OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY TO THE EFFECT THAT
SUCH REGISTRATION IS NOT REQUIRED.

                                     WARRANT
                                     -------

Warrant No. 4                                        Warrant to Purchase 233,333
                                                     Warrant Shares (subject to
                                                     adjustment)

                         TAKEOUTMUSIC.COM HOLDINGS CORP.
                            a Washington corporation

takeoutmusic.com Holdings Corp., a Washington corporation (the "Company"), for
value received, hereby grants to Steven A. Rothstein IRA Rollover CIBC World
                                 -------------------------------------------
Market Corp. as Custodian (the "Holder"), the right, subject to the terms and
-------------------------
conditions set forth herein, to purchase from the Company, at any time and from
time to time, up to Two Hundred Thirty-Three Thousand Three Hundred Thirty-Three
(233,333) duly authorized, validly issued, fully paid and non-assessable shares
(the "Warrant Shares") of the common stock, par value $.01 per share, of the
Company (the "Common Stock"), at a per share exercise price of fifty-one and
three-quarter cents ($0.5175) subject to adjustment as provided in Section 3
hereof (the "Exercise Price"). This Warrant shall terminate if not exercised in
full on or prior to October 15, 2000. The number and character of the securities
purchasable upon exercise of such rights of purchase, and the Exercise Price,
are subject to adjustment as provided herein. The term "Warrant" as used herein
shall include this Warrant, any Warrant or Warrants issued in substitution for
or replacement of this Warrant, or any Warrant or Warrants into which this
Warrant may be divided or exchanged. The term "Warrant Shares" shall mean the
Common Stock issuable upon exercise of this Warrant.

1.   METHOD OF EXERCISE; PAYMENT OF EXERCISE PRICE

          (a)  Subject to the other terms and conditions of this Warrant, the
               purchase rights evidenced by this Warrant may be exercised in
               whole or in part, from time to time, subject to the conditions
               set forth above, by the Holder's presentation of this Warrant to
               the Company at its principal offices, accompanied by a duly
               executed Notice of Exercise, in the form attached hereto as
               Exhibit I and by this reference incorporated herein, and by
               payment of the aggregate Exercise Price in the manner specified
               in Section 1(b) hereof, for the number of Warrant Shares
               specified in the Notice of Exercise.

          (b)  The aggregate Exercise Price for the number of Warrant Shares
               specified in any Notice of Exercise may be paid in cash by
               certified check or bank cashier's check or
<PAGE>

               wire transfer of immediately available funds. Alternatively, this
               Warrant may be exercised by surrendering this Warrant in exchange
               for the number of Warrant Shares equal to the product of (x) the
               number of shares of Common Stock as to which this Warrant is
               being exercised, multiplied by (y) a fraction, the numerator of
               which is the Market Price (as defined below) of one share of
               Common Stock minus the Exercise Price of one Warrant Share and
               the denominator of which is the Market Price per share of Common
               Stock. Solely for the purposes of this Section 1 Market Price
               shall be calculated either (i) on the date on which the form of
               election attached hereto is deemed to have been sent to the
               Company pursuant to this Section 1 ("Notice Date") or (ii) as the
               average of the Market Price for each of the five trading days
               immediately preceding the Notice Date, whichever of (i) or (ii)
               results in a greater Market Price. As used herein, the phrase
               "Market Price" at any date shall be deemed to be the last
               reported sale price, or, in case no such reported sale takes
               place on such day, the average of the last reported sale prices
               for the last three (3) trading days, in either case as officially
               reported by the principal securities exchange on which the Common
               Stock is listed or admitted to trading, or, if the Common Stock
               is not listed or admitted to trading on any national securities
               exchange, the average closing sale price as furnished by the NASD
               through The Nasdaq Stock Market, Inc. ("Nasdaq") or by the OTC
               Electronic Bulletin Board or similar organization if Nasdaq is no
               longer reporting such information, or if the Common Stock is not
               publicly quoted, as determined in good faith by resolution of the
               Board of Directors of the Company, based on the best information
               available to it.

          (c)  In the event of any exercise of the rights represented by this
               Warrant, a certificate or certificates for the Warrant Shares so
               purchased shall be dated the date of such exercise and delivered
               to the Holder hereof within a reasonable time, not exceeding
               fifteen (15) days after such exercise. If this Warrant is
               exercised in part only, as soon as is practicable after the
               presentation and surrender of this Warrant to the Company for
               exercise, the Company shall execute and deliver to the Holder a
               new Warrant, containing the same terms and conditions as this
               Warrant, evidencing the right of the Holder to purchase the
               number of Warrant Shares as to which this Warrant has not been
               exercised. Upon receipt of this Warrant by the Company at its
               principal offices accompanied by the items required for exercise
               specified in subsection (a) above, the Holder shall be deemed to
               be the holder of record of the Warrant Shares issuable upon such
               exercise and a shareholder of the Company, notwithstanding that
               the stock transfer books of the Company may then be closed or
               that certificates representing such Warrant Shares may not then
               be actually delivered to the Holder.

2.   TRANSFERABILITY, EXCHANGE OR LOSS OF WARRANT

          (a)  Except as provided herein, the Warrants shall not be
               transferable, in whole or in part. The Warrants may be
               transferred to any person receiving the Warrants from the Holder
               at the Holder's death pursuant to a will or trust or the laws of
               intestate succession.
<PAGE>

          (b)  This Warrant, alone or with any other Warrant owned by the same
               Holder containing substantially the same terms and conditions, is
               exchangeable at the option of the Holder but at the Company's
               sole expense, at any time prior to its expiration either by its
               terms or by its exercise in full, upon presentation and surrender
               to the Company at its principal offices, for another Warrant or
               other Warrants, of different denominations but containing the
               same terms and conditions as this Warrant, entitling the Holder
               to purchase the same aggregate number of Warrant Shares that were
               purchasable pursuant to the Warrant or Warrants presented and
               surrendered. At the time of presentation and surrender by the
               Holder to the Company, the Holder shall also deliver to the
               Company a written notice, signed by the Holder, specifying the
               denominations in which new Warrants are to be issued to the
               Holder.

          (c)  The Company shall execute and deliver to the Holder a new Warrant
               containing the same terms and conditions as this Warrant upon
               receipt by the Company of evidence reasonably satisfactory to it
               of the loss, theft, destruction or mutilation of this Warrant,
               provided that: (i) in the case of loss, theft or destruction, the
               Company receives from the Holder a reasonably satisfactory
               indemnification; and (ii) in the case of mutilation, the Company
               receives from the Holder a reasonably satisfactory form of
               indemnity and the Holder presents and surrenders this Warrant to
               the Company for cancellation. Any new Warrant executed and
               delivered shall constitute an additional contractual obligation
               on the part of the Company regardless of whether the Warrant that
               was lost, stolen, destroyed, or mutilated is enforceable by
               anyone at any time.

          (d)  The Company will, at the time of or at any time after each
               exercise of this Warrant, upon the request of the Holder hereof
               or of any Warrant Shares issued upon such exercise, acknowledge
               in writing its continuing obligation to afford to such Holder all
               rights to which such Holder shall continue to be entitled after
               such exercise in accordance with the terms of this Warrant,
               provided, that if any such Holder shall fail to make any such
               request, the failure shall not affect the continuing obligation
               of the Company to afford such rights to such Holder.

3.   ADJUSTMENTS OF EXERCISE PRICE

          (a)  Except as provided herein, upon the occurrence of any of the
               events specified in this Section 3, the Exercise Price in effect
               at the time of such event and the number of Warrant Shares then
               purchasable pursuant to this Warrant at that time shall be
               proportionately adjusted as provided herein.

          (b)  If the number of shares of Common Stock outstanding at any time
               after the date hereof is increased by a stock dividend payable in
               shares of Common Stock or by a subdivision or split-up of shares
               of Common Stock, then, on the date such payment is made or such
               change is effective, the Exercise Price shall be appropriately
               decreased so that the number of Warrant Shares issuable on the
               exercise of this Warrant shall be increased in proportion to such
               increase of outstanding shares.
<PAGE>

          (c)  If the number of shares of Common Stock outstanding at any time
               after the date hereof is decreased by a combination of the
               outstanding shares of Common Stock, then, on the effective date
               of such combination, the Exercise Price shall be appropriately
               increased so that the number of Warrant Shares issuable on the
               exercise of this Warrant shall be decreased in proportion to such
               decrease of outstanding shares.

          (d)  All calculations under this Section 3 shall be made to the
               nearest one hundredth (1/100) cent or to the nearest one
               hundredth (1/100) of a share, as the case may be. In no event
               shall the Exercise Price be reduced to less than $.01.

          (e)  No adjustment in the Exercise Price need be made if such
               adjustment would result in a change in the Exercise Price of less
               than $0.01. Any adjustment of less than $0.01 which is not made
               shall be carried forward and shall be made at the time of and
               together with any subsequent adjustment which, on a cumulative
               basis, amounts to an adjustment of $0.01 or more in the Exercise
               Price.

          (f)  Upon the occurrence of each adjustment or readjustment of the
               Exercise Price pursuant to this Section 3, the Company at its
               expense shall promptly compute such adjustment or readjustment in
               accordance with the terms hereof and prepare and furnish to the
               Holder hereof a certificate of an Officer of the Company setting
               forth such adjustment or readjustment and showing in detail the
               facts upon which such adjustment or readjustment is based. The
               Company shall, upon written request at any time of any Holder
               hereof, furnish or cause to be furnished to such Holder a like
               certificate setting forth (i) such adjustments and readjustments,
               (ii) the Exercise Price at the time in effect, and (iii) the
               number of Warrant Shares and the amount, if any, of other
               property which at the time would be received upon the exercise of
               this Warrant.

          (g)  In the event of any taking by the Company of a record of the
               holders of any class of securities for the purpose of determining
               the holders thereof who are entitled to receive any dividend
               (other than a cash dividend) or other distribution, 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 right, the Company shall mail to the Holder hereof at least
               ten (10) days prior to such record date, a notice specifying the
               date on which any such record is to be taken for the purpose of
               such dividend or distribution or right, and the amount and
               character of such dividend, distribution or right.

          (h)  For purposes of this Section 3, equity securities owned or held
               at any relevant time by or for the account of the Company in its
               treasury shall not be deemed to be outstanding for purposes of
               the calculations and adjustments described.

4.   STOCK FULLY PAID; RESERVATION OF WARRANT STOCK

The Company covenants and agrees that all Warrant Shares that may be issued upon
the exercise of this Warrant will, upon issuance, be fully paid and
non-assessable and free from all taxes, liens and
<PAGE>

charges with respect to issuance. The Company further covenants and agrees that
during the period within which this Warrant may be exercised, the Company will
at all times have authorized and reserved for the purpose of the issue upon
exercise of the rights evidenced by this Warrant a sufficient number of shares
of Common Stock to provide for the exercise of this Warrant.

5.   TRANSFER TO COMPLY WITH THE SECURITIES ACT OF 1933

          (a)  This Warrant is non-transferable. The Warrant Shares, and all
               other equity securities issued or issuable upon exercise of this
               Warrant, may not be offered, sold or transferred, in whole or in
               part, in the absence of an effective registration statement under
               the Securities Act of 1933, as amended (the "Act"), and all
               applicable state securities statutes, or an opinion of counsel
               acceptable to the Company to the effect that such registration is
               not required.

          (b)  The Company shall cause the following legends to be set forth on
               each certificate representing the Warrant Shares issuable upon
               exercise of this Warrant:

         "THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
         REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, (THE
         "SECURITIES ACT"), AND MAY NOT BE SOLD, PLEDGED, ASSIGNED, OR OTHERWISE
         TRANSFERRED UNLESS (A) COVERED BY AN EFFECTIVE REGISTRATION STATEMENT
         UNDER THE SECURITIES ACT, (B) IN COMPLIANCE WITH RULE 144 UNDER THE
         SECURITIES ACT, OR (C) THE COMPANY HAS BEEN FURNISHED WITH AN OPINION
         OF COUNSEL REASONABLY ACCEPTABLE TO THE COMPANY THAT NO REGISTRATION
         IS REQUIRED IN CONNECTION WITH SUCH SALE, ASSIGNMENT OR TRANSFER OR
         THAT AN EXEMPTION TO SUCH REGISTRATION IS AVAILABLE."

6.   FRACTIONAL SHARES

No fractional shares of Warrant Shares or scrip representing fractional shares
of Warrant Shares shall be issued upon the exercise of all or any part of this
Warrant. With respect to any fraction of a unit or any security called for upon
any exercise of this Warrant, the Company shall pay to the Holder an amount in
money equal to that fraction multiplied by the then Current Market Price. For
purposes of this Agreement, the term "Current Market Price" shall mean the
average for the 20 consecutive trading days immediately preceding the date in
question of the daily per share closing prices of the Common Stock as reported
by the OTC Bulletin Board or the Nasdaq SmallCap Market or the principal
securities exchange on which it is listed, as the case made be. The closing
price referred to above shall be the last reported sale price or, if no such
reported sale takes place on such day, the average of the reported closing bid
and asked prices, in either case as reported by the OTC Bulletin Board of the
Nasdaq SmallCap Market or the principal securities exchange on which it is
listed, as the case may be.
<PAGE>

7.   RIGHTS OF THE HOLDER

Prior to the exercise hereof, the Holder shall not be entitled to any rights as
a shareholder of the Company by reason of this Warrant, either at law or equity.

8.   NOTICES

Except as may be otherwise expressly provided herein, any notice, consent, or
other communication required or permitted to be given hereunder shall be in
writing and shall be deemed to have been given: (i) five business days after the
date sent by United States certified mail, return receipt requested, with proper
postage thereon; (ii) one day after sent if sent by overnight courier of
national cognition; or (iii) when transmitted or delivered, if sent by facsimile
or personally delivered (as the case may be), and shall be addressed as follows:

          (a)  if to the Company, at 381 Broadway Suite 201, New York, New York
               10013, and

          (b)  if to the Holder, at 2737 Illinois Road, Wilmette, Illinois 60091

or, in any such case, at such other address or addresses as shall have been
furnished in writing by such party to the others.

9.   APPLICABLE LAW

Washington law shall govern the interpretation, construction, and enforcement of
this Warrant and all transactions and agreements contemplated hereby,
notwithstanding any state's choice of law rules to the contrary.

10.  MISCELLANEOUS PROVISIONS

          (a)  Subject to the terms and conditions contained herein, this
               Warrant shall be binding on the Company and its successors and
               shall inure to the benefit of the original Holder, its successors
               and assigns and all holders of Warrant Shares.

          (b)  This Warrant may not be modified or terminated, nor may any
               performance or condition hereof be waived in whole or in part
               except by an agreement in writing signed by the party against
               whom enforcement of such modification, termination, or waiver is
               sought.

          (c)  If any provision of this Warrant is held by a court of competent
               jurisdiction to be invalid, illegal or unenforceable, such
               provision shall be severed, enforced to the extent possible, or
               modified in such a way as to make it enforceable, and the
               invalidity, illegality or unenforceability thereof shall not
               affect the remainder of this Warrant.

          (d)  Paragraph headings used in this Warrant are for convenience only
               and shall not be taken or construed to define or limit any of the
               terms of this Warrant. Unless otherwise
<PAGE>

               provided herein, or unless the context otherwise requires, the
               use of the singular shall include the plural and the use of any
               gender shall include all genders.

ISSUED and executed as of the 4th day of February, 2000.

TAKEOUTMUSIC.COM HOLDINGS CORP.

By:________________________
Name:
Title:
<PAGE>

                                    EXHIBIT I

                               NOTICE OF EXERCISE

(To be executed by a Holder desiring to exercise the right to purchase Warrant
Shares pursuant to the Warrant.)

TAKEOUTMUSIC.COM HOLDINGS CORP.

The undersigned Holder of the Warrant hereby:

1.   irrevocably elects to exercise the Warrant to the extent of purchasing
     __________ Warrant Shares;

2.   makes payment in full of the aggregate Exercise Price for those Warrant
     Shares in the amount of $________________ by certified check or wire
     transfer of immediately available funds;

3.   requests, if the number of Warrant Shares purchased are not all the Warrant
     Shares purchasable pursuant to the Warrant, that a new Warrant of like
     tenor for the remaining Warrant Shares purchasable pursuant to the Warrant
     be issued and delivered to the undersigned at the address indicated below.

Dated:              Holder:
      -------------         --------------

By:
     ------------------------

Its:
     ------------------------

Address:
         ---------------------------------

         ---------------------------------

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