Document:

Assignment and Acceptance Agreement dated as of December 12, 2008

 Exhibit 10.2 
 ASSIGNMENT AND ACCEPTANCE AGREEMENT 
 This ASSIGNMENT AND ACCEPTANCE AGREEMENT dated as of December 12,
2008 (this “Assignment”) is among (i) The CIT Group/Business Credit, Inc. in its capacity as the sole lender under the Credit Agreement referenced below (in such capacity, the “Existing Lender”) and its
capacity as administrative agent and collateral agent under the Credit Agreement (in such capacity, the “Existing Agent”), (ii) D. E. Shaw Laminar Portfolios, L.L.C., in its capacity as the successor lender (in such capacity,
the “Successor Lender”), (iii) D. E. Shaw Laminar Lending 3 (C), L.L.C., in its capacity as the successor administrative agent and collateral agent (in such capacity, the “Successor Agent”), (iv) D. E.
Shaw Laminar Lending, Inc., in its capacity as guarantor under the Shaw Guaranty (as defined below) (in such capacity, the “Shaw Guarantor”; the Shaw Guarantor, together with the Successor Lender and the Successor Agent, are
collectively referred to herein as “Shaw”), (v) The Parent Company, BabyUniverse, eToys Direct, Inc., PoshTots, Inc., Dreamtime Baby, Inc., and My Twinn, Inc., in their capacities as Borrowers under the Credit Agreement (the
“Borrowers”), and (vi) eToys Direct 1, LLC, eToys Direct 2, LLC, eToys Direct 3, LLC and Gift Acquisition, L.L.C., in their capacities as guarantors under the Credit Agreement (the “Loan Guarantors” and
collectively with the Borrowers, the “Loan Parties”). 
 WITNESSETH: 
 WHEREAS, the Existing Lender, the Existing Agent and the Loan Parties are parties to that certain Amended and Restated Credit Agreement dated as of
October 12, 2007 (as amended, the “Credit Agreement”); 
 WHEREAS, capitalized terms used herein without definition
shall have the meaning ascribed to such terms in the Credit Agreement; 
 WHEREAS, the Shaw Guarantor, the Existing Agent and The Parent
Company are parties to a Limited Guaranty and Pledge Agreement dated as of February 1, 2008 (the “Shaw Guaranty”), pursuant to which (i) the Shaw Guarantor guaranteed up to $15,000,000 of the obligations of the Loan
Parties under the Credit Agreement, (ii) the Shaw Guarantor deposited cash in the amount of $15,000,000 with HSBC Bank USA, National Association in Deposit Account: 639-679773 (the “Pledged Deposit Account”), (iii) the
Shaw Guarantor pledged, assigned and granted to the Existing Agent a lien on and security interest in the cash on deposit in the Pledged Deposit Account as security for the Shaw Guarantor’s obligations under the Shaw Guaranty; and (iv) the
Shaw Guarantor, the Existing Agent and HSBC Bank, USA, National Association (“HSBC”) entered into a Deposit Account Control Agreement dated as of February 15, 2008 with respect to the Pledged Deposit Account (the “HSBC
Deposit Account Control Agreement”); 
 WHEREAS, the Successor Lender wishes to purchase the Revolving Commitment and all
outstanding indebtedness under the Credit Agreement from the Existing Lender, and the Existing Lender is willing to sell, assign and transfer to the Successor Lender all of its rights, interests and obligations as the sole Lender under the Credit
Agreement; 
 WHEREAS, in connection with the foregoing, effective as of the Effective Date (as defined below), the Existing Agent is
resigning as Administrative Agent and Collateral Agent under the Credit Agreement and under the Security Agreements, and the Loan Parties and the Successor Lender, in its capacity as assignee of the Existing Lender’s rights as a Lender under
the Credit Agreement, desire to appoint the Successor Agent as successor Administrative Agent and Collateral Agent under the Loan Documents; 

 WHEREAS, effective as of the Effective Date (as defined below), the Successor Agent is willing to accept
appointment as the successor Administrative Agent and Collateral Agent under the Loan Documents; 
 WHEREAS, the parties desire that on the
Effective Date, the Successor Agent will succeed to the estates, properties, liens, rights, powers and duties of the Existing Agent as Administrative Agent and Collateral Agent in, to and under the Loan Documents, except that the indemnification and
reimbursement obligations of the Loan Parties in favor of the Existing Agent (including without limitation the indemnification obligations under Section 9.04 of Credit Agreement) shall remain in full force and are hereby expressly reaffirmed by
the Loan Parties and shall survive the sale, transfer and assignment of all rights, interests and obligations of the Existing Lender as a Lender under the Credit Agreement, the resignation of the Existing Agent as Administrative Agent and Collateral
Agent, and the appointment of the Successor Agent as successor Administrative Agent and Collateral Agent (the “Surviving Provisions”); 
 NOW, THEREFORE, in consideration of the premises and mutual agreements herein contained and other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto agree as follows:

 1. Reference to Credit Agreement. Capitalized terms used herein which are defined in the Credit Agreement have the same meanings herein as therein,
except to the extent that such meanings are amended hereby. 
 2. Resignation of Administrative Agent; Appointment of Successor Administrative Agent.

 (a) Effective on the date of the satisfaction of the conditions set forth in Section 6 below (the “Effective Date”),
the Existing Agent hereby resigns as Administrative Agent and Collateral Agent under the Loan Documents. The Existing Lender, Shaw and each of the Loan Parties acknowledges and accepts such resignation and waives any and all notice requirements
under the Credit Agreement with respect to the effectiveness of the Existing Agent’s resignation. 
 (b) Effective simultaneously with
the effectiveness of the Existing Agent’s resignation as Administrative Agent and Collateral Agent (i) the Successor Lender and the Loan Parties hereby appoint the Successor Agent as successor Administrative Agent and Collateral Agent
under the Loan Documents, (ii) all references to the Administrative Agent and/or the Collateral Agent in the Loan Documents, from and after the Effective Date, shall refer to the Successor Agent, in its capacity as successor Administrative
Agent and/or Collateral Agent under the Loan Documents, (iii) Successor Agent shall succeed to and become vested with all the rights, powers, privileges and duties of the Existing Agent, with the exception of the rights of the Existing Agent
under the Surviving Provisions, and (iv) the Existing Agent shall be discharged from its duties and obligations under the Loan Documents except as provided herein. 
 (c) The Existing Agent and the Loan Parties, at the Loan Parties’ expense, will promptly and duly execute and deliver such documents and take such actions as may be reasonably necessary or desirable or as
Successor Agent may reasonably request in order to carry out more effectively the intent and purpose of this Section 2 and to assign to Successor Agent all security interests, rights and remedies created or intended to be created under the Loan
Documents. Without limiting the generality of the above, the Existing Agent and each Loan Party will join with Successor Agent in such notices or assignments as may be appropriate under applicable Federal or state law in form satisfactory to
Successor Agent and filing or recording the same in all public offices and jurisdictions wherever and whenever reasonably requested by Successor Agent. 

 3. Assignment of Security Documents. 
 (a) The Existing Agent, in its capacity as Administrative Agent and Collateral Agent, hereby assigns and transfers irrevocably to Successor Agent, in its
capacity as successor Administrative Agent and Collateral Agent under the Loan Documents, all the liens, properties, rights, powers and duties of the Existing Agent in, to and under the Loan Documents, except for the rights of the Existing Agent
under the Surviving Provisions. 
 (b) The Successor Agent hereby accepts such assignment and accepts all the estates, liens, properties,
rights, powers and duties of Existing Agent under and pursuant to the Loan Documents, in each case, assigned by the Existing Agent to the Successor Agent pursuant to Section 3(a) above. 
 4. Outstanding Revolving Loans and Revolving Commitment. The Existing Agent and the Loan Parties hereby represent, warrant, acknowledge and agree that as of
December 12, 2008 the outstanding principal and accrued interest owing in respect of the Revolving Loans and all other liabilities and indebtedness of the Loan Parties to the Existing Agent and the Existing Lender under the Credit Agreement and
the other Loan Documents are as set forth on Exhibit A attached hereto. 
 5. Assignment and Acceptance of Revolving Commitment and Revolving
Loans; Termination of Shaw Guaranty 
 (a) Effective as of the Effective Date (and subject to the satisfaction of the conditions set
forth in Section 6 below), the Existing Lender hereby sells and assigns to the Successor Lender, and the Successor Lender hereby purchases and assumes from the Existing Lender, all of the Existing Lender’s interests, rights and obligations
in and to the Revolving Commitment and the Revolving Loans as set forth on Exhibit A attached hereto. The Existing Lender hereby waives the processing and recordation fee required by Section 9.05(b)(ii)(C) of the Credit Agreement in
connection with the foregoing assignment. 
 (b) On or before the Effective Date, the Successor Lender shall pay to the Existing Agent the
Aggregate Loan Purchase Amount (as set forth on Exhibit A attached hereto) via wire transfer in immediately available funds to the following account of the Existing Agent: 
  

			
	 Bank Name:
	  	JPMORGAN CHASE BANK
	 ABA Number:
	  	021000021
	 SWIFT CODE:
	  	CHASUS33
	 Account Name:
	  	CIT GROUP/BUSINESS CREDIT, INC.
	 Account Number:
	  	144-0-64425
	 Reference:
	  	eToys

 (c) Promptly upon receipt by the Existing Agent of the Aggregate Loan Purchase Amount, the
Existing Agent and the Shaw Guarantor shall execute and deliver to HSBC a joint Disposition Instruction with respect to the funds on deposit in the Pledged Deposit Account, which joint Disposition Instruction shall be substantially in the form
attached hereto as Exhibit B and shall authorize and direct HSBC to dispose to the Shaw Guarantor all cash and cash equivalents in the Pledged Deposit Account in accordance with the wire transfer instructions set forth in the Disposition
Instruction. 
 (d) The Existing Lender (i) represents that, as of the date hereof, it owns 100% of the Revolving Loans listed on
Exhibit A outstanding under the Credit Agreement; (ii) represents and warrants that it is legally authorized to enter into this Assignment; (iii) makes no representation or warranty and 

 
assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Loan Document or the execution,
legality, validity, enforceability, genuineness, sufficiency or value of the Loan Document or any other instrument or document furnished pursuant thereto, other than that the Existing Lender is the legal and beneficial owner of the Revolving
Commitment and Revolving Loans being assigned by it hereunder and that such interest is free and clear of any lien or encumbrance; and (iv) makes no representation or warranty and assumes no responsibility with respect to the financial
condition of any Loan Party or the performance or observance by any Loan Party of any of their obligations under the Loan Documents. 
 (e)
Shaw (i) represents and warrants that it is legally authorized to enter into this Assignment; (ii) confirms that it has obtained from the Loan Parties copies of the Loan Documents and all amendments thereto from the Loan Parties, together
with copies of financial statements and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment; (iii) agrees that it will, independently and without reliance
upon the Existing Lender or the Existing Agent and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents; and
(iv) agrees to hold all confidential information in a manner consistent with the provisions of Section 9.13 of the Credit Agreement. 
 (f) On the Effective Date (subject to the satisfaction of the conditions set forth in Section 6 below), (i) the Successor Lender shall be a party to the Credit Agreement and to each of the other Loan Documents to which the
Existing Lender is a party and shall have the rights and obligations of a Lender under each such agreement and (ii) the Existing Lender shall relinquish its rights and be released from its obligations under the Credit Agreement and the other
Loan Documents. 
 (g) On the Effective Date, subject to the receipt by the Existing Agent of the Aggregate Loan Purchase Amount, the Shaw
Guaranty shall be deemed null, void and of no further force and effect. 
 6. Conditions to this Assignment. This Assignment shall not become
effective until the date on which the Existing Agent shall have notified the Successor Agent that each of the following conditions has been satisfied (the “Effective Date”): 
 (a) Executed Counterparts. Each party hereto shall have delivered to the Existing Agent a counterpart of this Assignment (which may include
telecopy transmission of a signed signature page of this Assignment) executed on behalf of such party. 
 (b) Disposition Instruction.
The Shaw Guarantor and the Existing Agent shall have executed and delivered to HSBC the Disposition Instruction in substantially the form of Exhibit B attached hereto (with the applicable blanks filled in). 
 (c) Receipt of Aggregate Loan Purchase Amount. The Existing Agent shall have received the Aggregate Loan Purchase Amount, as set forth on
Exhibit A attached hereto. 
 7. Miscellaneous. 
 (a) As soon as practical and in any event within two (2) Business Days following the Effective Date, the Existing Agent shall deliver to the Successor Agent such assignments, documents and instruments as the
Successor Agent shall reasonably request, and all Collateral in the Existing Agent’s possession, to the extent necessary to transfer to Successor Agent the security interests in the Collateral presently held by the Existing Agent. The Successor
Agent hereby appoints the Existing Agent to act as its agent and bailee for purposes of any Collateral that the Existing Agent has physical possession of or “control” (as defined in the UCC) over in order to perfect the Successor
Agent’s security interest in such 

 
Collateral, and the Existing Agent hereby accepts such appointment and agrees and acknowledges that it holds and will continue to hold physical possession of
or control over such Collateral for the benefit of, and on behalf of, the Successor Agent, until the Successor Agent acquires possession of or control over such Collateral, solely to the extent required to perfect the Successor Agent’s security
interest in such Collateral, provided that, the Existing Agent shall have no duties or responsibilities with respect to any such Collateral except (i) with respect to cash proceeds of Collateral that the Existing Agent receives after the
Effective Date, to receive such cash proceeds and transfer them in accordance with provisions of Section 7(c) hereof, and (ii) with respect to any other Collateral that the Existing Agent has or acquires possession of or control over, to
hold such Collateral until such time as the Existing Agent has transferred physical possession of or control over such Collateral to the Successor Agent. 
 (b) The Existing Agent shall, at the expense of the Loan Parties and at any time and from time to time, promptly execute and deliver all further instruments and documents, and take all further action, that may be
reasonably necessary or desirable, or that Successor Agent or Loan Parties may reasonably request, in order to transfer any of the estates, properties, rights, powers and duties transferred or purported to be transferred hereby, or to enable
Successor Agent to exercise and enforce its rights and remedies under the Loan Documents or to collect any proceeds of Collateral or other payments made under the Loan Documents including, without limitation, providing instructions to account bank
for the remission of funds collected by the Loan Parties to the Successor Agent. 
 (c) If, after the Effective Date, the Existing Agent
shall receive any cash proceeds in respect of the Collateral, including, without limitation, any cash collections in respect of Accounts or any cash transfers from any Deposit Account (other than the Aggregate Loan Purchase Amount), the Existing
Agent shall promptly (but in no event more frequently than once each Business Day) cause such cash proceeds, cash collections and cash transfers to be transferred to the following account of the Successor Agent: 
  

			
	 Clearing Bank Name:
	  	HSBC Bank USA NA, New York
	 Clearing Bank Protocol:
	  	ABA
	 Clearing Bank ABA Number:
	  	021 001 088
	 Wire Instruction 1:
	  	A/C: D. E. Shaw Laminar Lending 3 (C), L.L.C.
	 Wire Instruction 2:
	  	A/C: 639-20241-1

 (d) Neither the Existing Agent nor any Existing Lender makes any representation or warranty and
assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement, any other Loan Document or any other instrument or document furnished pursuant thereto, or the
execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement, any other Loan Document or any other instrument or document furnished pursuant thereto; (ii) the creation, perfection or priority of any
Lien purported to be created by the Security Documents and the value or the sufficiency of any Collateral; (iii) the financial condition of any Loan Party or any other obligation or the performance or observance by the Borrower, any of the Loan
Guarantors or any other obligor of any of their respective obligations under the Credit Agreement, any other Loan Document or any other instrument or document furnished pursuant hereto or thereto. 
 (e) Successor Agent acknowledges that it has, independently and without reliance upon the Existing Agent, made its own credit analysis and decision to
enter into this Assignment. The Existing Agent does not have any duty or responsibility to provide Successor Agent with any credit, financial or other information with respect to such operations, business, property, condition or creditworthiness of
the Loan Parties, and the Successor Agent hereby holds the Existing Agent harmless and waives any and all claims against the Existing Agent in connection with the performance by Successor Agent of its obligations as Administrative Agent under the
Loan Documents, the execution and delivery of this Assignment, and the transactions contemplated hereby and thereby. 

 (f) Each Loan Party hereby (i) acknowledges and agrees that (A) as of the Effective Date, it
has no claims, counterclaims, offsets, credits or defenses to the Loan Documents and the performance of its obligations thereunder, or (B) if it has any claims, counterclaims, offsets, credits or defenses to the Loan Documents and/or any
transaction related to the Loan Documents and/or the Obligations and/or with respect to the Existing Agent or the Existing Lender, in each case arising on or prior to the Effective Date, the same are hereby waived, relinquished and released in
consideration of the execution and delivery of this Assignment and (ii) forever releases and discharges the Existing Agent and the Existing Lender, each of their affiliates, and each of their respective officers, directors, employees, agents,
representatives, successors and assigns (“Released Parties”) from any and all claims, causes of action, damages and liabilities of any nature whatsoever, known or unknown, which such Loan Party has or ever had against the Released
Parties, or any of them, related to the Loan Documents, this Assignment or the transactions related thereto. 
 (g) Shaw hereby
(i) acknowledges and agrees that as of the Effective Date, it has no claims or counterclaims against the Existing Agent or the Existing Lender related to the Loan Documents, the Shaw Guaranty, this Assignment or the transactions related hereto,
in each case arising on or prior to the Effective Date, and (ii) forever releases and discharges the Released Parties from any and all claims, causes of action, damages and liabilities of any nature whatsoever, known or unknown, which Shaw has
or ever had against the Released Parties, or any of them, related to the Loan Documents, the Shaw Guaranty, this Assignment or the transactions related thereto 
 (h) In addition to the obligations of the Loan Parties under the Surviving Provisions, each of the Loan Parties shall indemnify the Existing Agent and the Existing Lender and will keep the Existing Agent and the
Existing Lender indemnified against any losses, damages, expenses, actions, claims, demands and liabilities which may be incurred by or made against any of them for any action taken or omitted in the exercise or purported exercise of this Assignment
or the powers contained herein and arising from any breach by any Loan Party or the Successor Agent of any obligation or undertaking hereunder (or under any Loan Document), other than to the extent that such losses, damages, expenses, actions,
claims, demands and liabilities are incurred or made against the Existing Agent or the Existing Lender as a result of their gross negligence or willful misconduct. 
 (i) The parties hereto acknowledge and agree that nothing herein shall be deemed a release or termination of any Loan Party’s obligations to the Existing Agent under or in respect of the provisions of the Credit
Agreement or any other Loan Document to the extent that such provisions are Surviving Provisions, which Surviving Provisions shall remain in full force and effect. 
 (j) This Assignment may be executed in counterparts (which may include telecopy transmission of a signed signature page of this Assignment), each of which when executed and delivered shall be deemed an original, and
all such counterparts shall constitute one and the same instrument. 
 [Signature pages follow] 

 IN WITNESS WHEREOF, the undersigned have executed this Assignment as of the day and year first above
written. 
  

			
	 THE CIT GROUP/BUSINESS CREDIT, INC.,
 as
Existing Agent and Existing Lender

		
	By:	 	/s/ Carmen Capporino
	Name:	 	Carmen Capporino
	Title:	 	Vice President
	
	 D. E. SHAW LAMINAR PORTFOLIOS, L.L.C.,
 as
Successor Lender

		
	By:	 	/s/ Daniel Posner
	Name:	 	Daniel Posner
	Title:	 	Authorized Signatory
	
	 D. E. SHAW LAMINAR LENDING 3 (C), L.L.C.,
 as
Successor Agent

		
	By:	 	/s/ Daniel Posner
	Name:	 	Daniel Posner
	Title:	 	Authorized Signatory
	
	 D. E. SHAW LAMINAR LENDING, INC.,
 as Shaw
Guarantor

		
	By:	 	/s/ Daniel Posner
	Name:	 	Daniel Posner
	Title:	 	Authorized Signatory

			
	BORROWERS
	
	THE PARENT COMPANY
		
	By:	 	/s/ Michael J. Wagner
	Name:	 	Michael J. Wagner
	Title:	 	Chief Executive Officer
	
	BABYUNIVERSE, INC.
		
	By:	 	/s/ Michael J. Wagner
	Name:	 	Michael J. Wagner
	Title:	 	Chief Executive Officer
	
	eTOYS DIRECT, INC.
		
	By:	 	/s/ Michael J. Wagner
	Name:	 	Michael J. Wagner
	Title:	 	Chief Executive Officer
	
	POTSHOTS, INC.
		
	By:	 	/s/ Michael J. Wagner
	Name:	 	Michael J. Wagner
	Title:	 	Chief Executive Officer
	
	DREAMTIME BABY, INC.
		
	By:	 	/s/ Michael J. Wagner
	Name:	 	Michael J. Wagner
	Title:	 	Chief Executive Officer
	
	MY TWINN, INC.
		
	By:	 	/s/ Michael J. Wagner
	Name:	 	Michael J. Wagner
	Title:	 	Chief Executive Officer

			
	LOAN GUARANTORS:
	
	eTOYS DIRECT 1, LLC
		
	By:	 	eTOYS DIRECT, INC.,
		 	Its Managing Member
		
	By:	 	/s/ Michael J. Wagner
	Name:	 	Michael J. Wagner
	Title:	 	Chief Executive Officer
	
	eTOYS DIRECT 2, LLC
		
	By:	 	eTOYS DIRECT, INC.,
		 	Its Managing Member
		
	By:	 	/s/ Michael J. Wagner
	Name:	 	Michael J. Wagner
	Title:	 	Chief Executive Officer
	
	eTOYS DIRECT 3, LLC
		
	By:	 	eTOYS DIRECT, INC.,
		 	Its Managing Member
		
	By:	 	/s/ Michael J. Wagner
	Name:	 	Michael J. Wagner
	Title:	 	Chief Executive Officer
	
	GIFT ACQUISITION, L.L.C.
		
	By:	 	eTOYS DIRECT, INC.,
		 	Its Managing Member
		
	By:	 	/s/ Michael J. Wagner
	Name:	 	Michael J. Wagner
	Title:	 	Chief Executive Officer

 EXHIBIT A 
 Loan Purchase Amount as of December 12, 2008 
 Loan Purchase Amount: 
  

				
	 1.      Outstanding principal balance of the Revolving Loans:
	  	$	11,946,263.77
	 2.      Accrued but unpaid interest on the Revolving Loans:
	  	$	24,143.14
	 3.      Accrued but unpaid commitment fees:
	  	$	824.71
	 4.      Accrued but unpaid wire transfer fees:
	  	$	270.00
	 4.      Aggregate Loan Purchase Amount:
	  	$	11,971,501.62

 EXHIBIT B 
 DEPOSIT ACCOUNT CONTROL AGREEMENT 
 DISPOSITION INSTRUCTION 
 December 12, 2008 
 HSBC Bank USA, National Association

 One HSBC Center 
 Buffalo, NY 14203 
 Facsimile No. (716) 841-7651 
 Attention: Legal Paper Processing

 HSBC Bank USA, National Association 
 452 Fifth Avenue

 New York, NY 10018 
 Facsimile No. (212) 525-2555

 Attention: Leonard Mortimore II 
  

	 	Re:	Deposit Account: 639-679773 

 Ladies and Gentlemen: 
 This is a Disposition Instruction as defined in the Deposit Account Control Agreement dated February 15, 2008, among you (the “Bank”), The CIT
Group/Business Credit Inc. (the “Secured Party”), and D. E. Shaw Laminar Lending, Inc. (the “Debtor”) (as currently in effect, the “Control Agreement”). A copy of the Control Agreement as fully
executed is attached. Capitalized terms used in this Disposition Instruction have the meanings given them in the Control Agreement 
 Secured Party and
Debtor hereby jointly direct Bank to transfer all funds in Deposit Account No. 639-679773 to the Debtor in accordance with the following wire transfer instructions: 
  

			
	 Clearing Bank Name:
	  	HSBC Bank USA NA, New York
	 Clearing Bank Protocol:
	  	ABA
	 Clearing Bank ABA Number:
	  	021 001 088
	 Wire Instruction 1:
	  	A/C: D. E. Shaw Laminar Lending, Inc.
	 Wire Instruction 2:
	  	A/C: 639-20180-6

 After you have received fax confirmation from the Debtor that the funds have been received, the Deposit Account
Control Agreement shall be deemed terminated, null, void and of no further force and effect (other than the obligation of Debtor to reimburse you for your fees and expenses), and you are hereby directed to close the Deposit Account. 

 If you have any questions regarding this Disposition Instruction please contact Carmen Capporino of The CIT
Group/Business Credit Inc. at 212-461-7713. 
  

			
	THE CIT GROUP/BUSINESS CREDIT INC.
		
	By:	 	 
	Name:	 	Carmen Capporino
	Title:	 	Vice President/Team Leader
	
	D. E. SHAW LAMINAR LENDING, INC.
		
	By:	 	 
	Name:	 	
	Title:Certificate of Designations

 Exhibit 4.1 
 CERTIFICATE OF DESIGNATIONS 
 OF 
 FIXED RATE CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES A 
 OF 

NARA BANCORP, INC. 
 Nara Bancorp,
Inc., a corporation organized and existing under the laws of the State of Delaware (the “Corporation”), in accordance with the provisions of Section 151 of the General Corporation Law of the State of Delaware, does
hereby certify: 
 The board of directors of the Corporation (the “Board of Directors”) or an applicable committee of the
Board of Directors, in accordance with the certificate of incorporation and the bylaws of the Corporation and applicable law, adopted the following resolution on November 20, 2008 creating a series of 67,000 shares of Preferred Stock of the
Corporation designated as “Fixed Rate Cumulative Perpetual Preferred Stock, Series A”. 
 RESOLVED, that pursuant to
the provisions of the certificate of incorporation and the bylaws of the Corporation and applicable law, a series of Preferred Stock, par value $0.001 per share, of the Corporation be and hereby is created, and that the designation and number of
shares of such series, and the voting and other powers, preferences and relative, participating, optional or other rights, and the qualifications, limitations and restrictions thereof, of the shares of such series, are as follows: 
 Part 1. Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of preferred stock of the Corporation a
series of preferred stock designated as the “Fixed Rate Cumulative Perpetual Preferred Stock, Series A” (the “Designated Preferred Stock”). The authorized number of shares of Designated Preferred Stock shall be 67,000.

 Part 2. Standard Provisions. The Standard Provisions contained in Annex A attached hereto are incorporated herein by reference in
their entirety and shall be deemed to be a part of this Certificate of Designations to the same extent as if such provisions had been set forth in full herein. 
 Part 3. Definitions. The following terms are used in this Certificate of Designations (including the Standard Provisions in Annex A hereto) as defined below: 
 (a) “Common Stock” means the common stock, par value $0.001 per share, of the Corporation. 
 (b) “Dividend Payment Date” means February 15, May 15, August 15, and November 15 of each year.

 (c) “Junior Stock” means the Common Stock, and any other class or series of stock of the Corporation the terms of which
expressly provide that it ranks junior to Designated Preferred Stock as to dividend rights and/or as to rights on liquidation, dissolution or winding up of the Corporation. 
  

 1 

 (d) “Liquidation Amount” means $1,0001 per share of Designated Preferred Stock. 
 (e) “Minimum
Amount” means $16,750,000. 
 (f) “Parity Stock” means any class or series of stock of the Corporation (other than
Designated Preferred Stock) the terms of which do not expressly provide that such class or series will rank senior or junior to Designated Preferred Stock as to dividend rights and/or as to rights on liquidation, dissolution or winding up of the
Corporation (in each case without regard to whether dividends accrue cumulatively or non-cumulatively). 
 (g) “Signing
Date” means November 21, 2008. 
 Part 4. Certain Voting Matters. Holders of shares of Designated Preferred Stock will
be entitled to one vote for each such share on any matter on which holders of Designated Preferred Stock are entitled to vote, including any action by written consent. 
 [Remainder of Page Intentionally Left Blank] 
  

	1	If issuer desires to issue shares with a higher dollar amount liquidation preference, liquidation preference references will be modified accordingly. In such case (in accordance
with Section 4.7 of the Securities Purchase Agreement), the issuer will be required to enter into a deposit agreement. 

  

 2 

 IN WITNESS WHEREOF, Nara Bancorp, Inc. has caused
this Certificate of Designations to be signed by Min Kim, its President and Chief Executive Officer, this 20th day of November, 2008. 
  

			
	NARA BANCORP, INC.
		
	By:	 	  

	Name:	 	Min Kim
	Title:	 	President and Chief Executive Officer

 ANNEX A 
 STANDARD PROVISIONS 
 Section 1. General Matters. Each share of Designated
Preferred Stock shall be identical in all respects to every other share of Designated Preferred Stock. The Designated Preferred Stock shall be perpetual, subject to the provisions of Section 5 of these Standard Provisions that form a part of
the Certificate of Designations. The Designated Preferred Stock shall rank equally with Parity Stock and shall rank senior to Junior Stock with respect to the payment of dividends and the distribution of assets in the event of any dissolution,
liquidation or winding up of the Corporation. 
 Section 2. Standard Definitions. As used herein with respect to Designated
Preferred Stock: 
 (a) “Applicable Dividend Rate” means (i) during the period from the Original Issue Date to, but
excluding, the first day of the first Dividend Period commencing on or after the fifth anniversary of the Original Issue Date, 5% per annum and (ii) from and after the first day of the first Dividend Period commencing on or after the fifth
anniversary of the Original Issue Date, 9% per annum. 
 (b) “Appropriate Federal Banking Agency” means the
“appropriate Federal banking agency” with respect to the Corporation as defined in Section 3(q) of the Federal Deposit Insurance Act (12 U.S.C. Section 1813(q)), or any successor provision. 
 (c) “Business Combination” means a merger, consolidation, statutory share exchange or similar transaction that requires the approval of
the Corporation’s stockholders. 
 (d) “Business Day” means any day except Saturday, Sunday and any day on which
banking institutions in the State of New York generally are authorized or required by law or other governmental actions to close. 
 (e)
“Bylaws” means the bylaws of the Corporation, as they may be amended from time to time. 
 (f) “Certificate of
Designations” means the Certificate of Designations or comparable instrument relating to the Designated Preferred Stock, of which these Standard Provisions form a part, as it may be amended from time to time. 
 (g) “Charter” means the Corporation’s certificate or articles of incorporation, articles of association, or similar organizational
document. 
 (h) “Dividend Period” has the meaning set forth in Section 3(a). 
 (i) “Dividend Record Date” has the meaning set forth in Section 3(a). 
 (j) “Liquidation Preference” has the meaning set forth in Section 4(a). 
  

					
		 	A-1	  	

 (k) “Original Issue Date” means the date on which shares of Designated Preferred Stock
are first issued. 
 (l) “Preferred Director” has the meaning set forth in Section 7(b). 
 (m) “Preferred Stock” means any and all series of preferred stock of the Corporation, including the Designated Preferred Stock.

 (n) “Qualified Equity Offering” means the sale and issuance for cash by the Corporation to persons other than the
Corporation or any of its subsidiaries after the Original Issue Date of shares of perpetual Preferred Stock, Common Stock or any combination of such stock, that, in each case, qualify as and may be included in Tier 1 capital of the Corporation at
the time of issuance under the applicable risk-based capital guidelines of the Corporation’s Appropriate Federal Banking Agency (other than any such sales and issuances made pursuant to agreements or arrangements entered into, or pursuant to
financing plans which were publicly announced, on or prior to October 13, 2008). 
 (o) “Share Dilution Amount” has the
meaning set forth in Section 3(b). 
 (p) “Standard Provisions” mean these Standard Provisions that form a part of the
Certificate of Designations relating to the Designated Preferred Stock. 
 (q) “Successor Preferred Stock” has the meaning
set forth in Section 5(a). 
 (r) “Voting Parity Stock” means, with regard to any matter as to which the holders of
Designated Preferred Stock are entitled to vote as specified in Sections 7(a) and 7(b) of these Standard Provisions that form a part of the Certificate of Designations, any and all series of Parity Stock upon which like voting rights have been
conferred and are exercisable with respect to such matter. 
 Section 3. Dividends. 
 (a) Rate. Holders of Designated Preferred Stock shall be entitled to receive, on each share of Designated Preferred Stock if, as and when declared
by the Board of Directors or any duly authorized committee of the Board of Directors, but only out of assets legally available therefor, cumulative cash dividends with respect to each Dividend Period (as defined below) at a rate per annum equal to
the Applicable Dividend Rate on (i) the Liquidation Amount per share of Designated Preferred Stock and (ii) the amount of accrued and unpaid dividends for any prior Dividend Period on such share of Designated Preferred Stock, if any. Such
dividends shall begin to accrue and be cumulative from the Original Issue Date, shall compound on each subsequent Dividend Payment Date (i.e., no dividends shall accrue on other dividends unless and until the first Dividend Payment Date for
such other dividends has passed without such other dividends having been paid on such date) and shall be payable quarterly in arrears on each Dividend Payment Date, commencing with the first such Dividend Payment Date to occur at least 20 calendar
days after the Original Issue Date. In the event that any Dividend Payment Date would otherwise fall on a day that is not a Business Day, the dividend payment due on that date will be postponed to the next day that is a Business Day and no
additional dividends will accrue as a result of that postponement. The period from and including any Dividend Payment Date to, but 

  

					
		 	A-2	  	

 
excluding, the next Dividend Payment Date is a “Dividend Period”, provided that the initial Dividend Period shall be the period from and
including the Original Issue Date to, but excluding, the next Dividend Payment Date. 
 Dividends that are payable on Designated Preferred
Stock in respect of any Dividend Period shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The amount of dividends payable on Designated Preferred Stock on any date prior to the end of a Dividend Period, and for the
initial Dividend Period, shall be computed on the basis of a 360-day year consisting of twelve 30-day months, and actual days elapsed over a 30-day month. 
 Dividends that are payable on Designated Preferred Stock on any Dividend Payment Date will be payable to holders of record of Designated Preferred Stock as they appear on the stock register of the Corporation on the
applicable record date, which shall be the 15th calendar day immediately preceding such Dividend Payment Date or such other record date fixed by the Board of Directors or any duly authorized committee of the Board of Directors that is not more than
60 nor less than 10 days prior to such Dividend Payment Date (each, a “Dividend Record Date”). Any such day that is a Dividend Record Date shall be a Dividend Record Date whether or not such day is a Business Day. 
 Holders of Designated Preferred Stock shall not be entitled to any dividends, whether payable in cash, securities or other property, other than dividends
(if any) declared and payable on Designated Preferred Stock as specified in this Section 3 (subject to the other provisions of the Certificate of Designations). 
 (b) Priority of Dividends. So long as any share of Designated Preferred Stock remains outstanding, no dividend or distribution shall be declared or paid on the Common Stock or any other shares of Junior Stock
(other than dividends payable solely in shares of Common Stock) or Parity Stock, subject to the immediately following paragraph in the case of Parity Stock, and no Common Stock, Junior Stock or Parity Stock shall be, directly or indirectly,
purchased, redeemed or otherwise acquired for consideration by the Corporation or any of its subsidiaries unless all accrued and unpaid dividends for all past Dividend Periods, including the latest completed Dividend Period (including, if applicable
as provided in Section 3(a) above, dividends on such amount), on all outstanding shares of Designated Preferred Stock have been or are contemporaneously declared and paid in full (or have been declared and a sum sufficient for the payment
thereof has been set aside for the benefit of the holders of shares of Designated Preferred Stock on the applicable record date). The foregoing limitation shall not apply to (i) redemptions, purchases or other acquisitions of shares of Common
Stock or other Junior Stock in connection with the administration of any employee benefit plan in the ordinary course of business (including purchases to offset the Share Dilution Amount (as defined below) pursuant to a publicly announced repurchase
plan) and consistent with past practice, provided that any purchases to offset the Share Dilution Amount shall in no event exceed the Share Dilution Amount; (ii) purchases or other acquisitions by a broker-dealer subsidiary of the
Corporation solely for the purpose of market-making, stabilization or customer facilitation transactions in Junior Stock or Parity Stock in the ordinary course of its business; (iii) purchases by a broker-dealer subsidiary of the Corporation of
capital stock of the Corporation for resale pursuant to an offering by the Corporation of such capital stock underwritten by such broker-dealer subsidiary; (iv) any dividends or distributions of rights or Junior Stock in connection with a
stockholders’ 

  

					
		 	A-3	  	

 
rights plan or any redemption or repurchase of rights pursuant to any stockholders’ rights plan; (v) the acquisition by the Corporation or any of
its subsidiaries of record ownership in Junior Stock or Parity Stock for the beneficial ownership of any other persons (other than the Corporation or any of its subsidiaries), including as trustees or custodians; and (vi) the exchange or
conversion of Junior Stock for or into other Junior Stock or of Parity Stock for or into other Parity Stock (with the same or lesser aggregate liquidation amount) or Junior Stock, in each case, solely to the extent required pursuant to binding
contractual agreements entered into prior to the Signing Date or any subsequent agreement for the accelerated exercise, settlement or exchange thereof for Common Stock. “Share Dilution Amount” means the increase in the number of
diluted shares outstanding (determined in accordance with generally accepted accounting principles in the United States, and as measured from the date of the Corporation’s consolidated financial statements most recently filed with the
Securities and Exchange Commission prior to the Original Issue Date) resulting from the grant, vesting or exercise of equity-based compensation to employees and equitably adjusted for any stock split, stock dividend, reverse stock split,
reclassification or similar transaction. 
 When dividends are not paid (or declared and a sum sufficient for payment thereof set aside for
the benefit of the holders thereof on the applicable record date) on any Dividend Payment Date (or, in the case of Parity Stock having dividend payment dates different from the Dividend Payment Dates, on a dividend payment date falling within a
Dividend Period related to such Dividend Payment Date) in full upon Designated Preferred Stock and any shares of Parity Stock, all dividends declared on Designated Preferred Stock and all such Parity Stock and payable on such Dividend Payment Date
(or, in the case of Parity Stock having dividend payment dates different from the Dividend Payment Dates, on a dividend payment date falling within the Dividend Period related to such Dividend Payment Date) shall be declared pro rata so that
the respective amounts of such dividends declared shall bear the same ratio to each other as all accrued and unpaid dividends per share on the shares of Designated Preferred Stock (including, if applicable as provided in Section 3(a) above,
dividends on such amount) and all Parity Stock payable on such Dividend Payment Date (or, in the case of Parity Stock having dividend payment dates different from the Dividend Payment Dates, on a dividend payment date falling within the Dividend
Period related to such Dividend Payment Date) (subject to their having been declared by the Board of Directors or a duly authorized committee of the Board of Directors out of legally available funds and including, in the case of Parity Stock that
bears cumulative dividends, all accrued but unpaid dividends) bear to each other. If the Board of Directors or a duly authorized committee of the Board of Directors determines not to pay any dividend or a full dividend on a Dividend Payment Date,
the Corporation will provide written notice to the holders of Designated Preferred Stock prior to such Dividend Payment Date. 
 Subject to
the foregoing, and not otherwise, such dividends (payable in cash, securities or other property) as may be determined by the Board of Directors or any duly authorized committee of the Board of Directors may be declared and paid on any securities,
including Common Stock and other Junior Stock, from time to time out of any funds legally available for such payment, and holders of Designated Preferred Stock shall not be entitled to participate in any such dividends. 
  

					
		 	A-4	  	

 Section 4. Liquidation Rights. 
 (a) Voluntary or Involuntary Liquidation. In the event of any liquidation, dissolution or winding up of the affairs of the Corporation, whether
voluntary or involuntary, holders of Designated Preferred Stock shall be entitled to receive for each share of Designated Preferred Stock, out of the assets of the Corporation or proceeds thereof (whether capital or surplus) available for
distribution to stockholders of the Corporation, subject to the rights of any creditors of the Corporation, before any distribution of such assets or proceeds is made to or set aside for the holders of Common Stock and any other stock of the
Corporation ranking junior to Designated Preferred Stock as to such distribution, payment in full in an amount equal to the sum of (i) the Liquidation Amount per share and (ii) the amount of any accrued and unpaid dividends (including, if
applicable as provided in Section 3(a) above, dividends on such amount), whether or not declared, to the date of payment (such amounts collectively, the “Liquidation Preference”). 
 (b) Partial Payment. If in any distribution described in Section 4(a) above the assets of the Corporation or proceeds thereof are not
sufficient to pay in full the amounts payable with respect to all outstanding shares of Designated Preferred Stock and the corresponding amounts payable with respect of any other stock of the Corporation ranking equally with Designated Preferred
Stock as to such distribution, holders of Designated Preferred Stock and the holders of such other stock shall share ratably in any such distribution in proportion to the full respective distributions to which they are entitled. 
 (c) Residual Distributions. If the Liquidation Preference has been paid in full to all holders of Designated Preferred Stock and the corresponding
amounts payable with respect of any other stock of the Corporation ranking equally with Designated Preferred Stock as to such distribution has been paid in full, the holders of other stock of the Corporation shall be entitled to receive all
remaining assets of the Corporation (or proceeds thereof) according to their respective rights and preferences. 
 (d) Merger,
Consolidation and Sale of Assets Not Liquidation. For purposes of this Section 4, the merger or consolidation of the Corporation with any other corporation or other entity, including a merger or consolidation in which the holders of
Designated Preferred Stock receive cash, securities or other property for their shares, or the sale, lease or exchange (for cash, securities or other property) of all or substantially all of the assets of the Corporation, shall not constitute a
liquidation, dissolution or winding up of the Corporation. 
 Section 5. Redemption. 
 (a) Optional Redemption. Except as provided below, the Designated Preferred Stock may not be redeemed prior to the first Dividend Payment Date
falling on or after the third anniversary of the Original Issue Date. On or after the first Dividend Payment Date falling on or after the third anniversary of the Original Issue Date, the Corporation, at its option, subject to the approval of the
Appropriate Federal Banking Agency, may redeem, in whole or in part, at any time and from time to time, out of funds legally available therefor, the shares of Designated Preferred Stock at the time outstanding, upon notice given as provided in
Section 5(c) below, at a redemption price equal to the sum of (i) the Liquidation Amount per share and (ii) except as 

  

					
		 	A-5	  	

 
otherwise provided below, any accrued and unpaid dividends (including, if applicable as provided in Section 3(a) above, dividends on such amount)
(regardless of whether any dividends are actually declared) to, but excluding, the date fixed for redemption. 
 Notwithstanding the
foregoing, prior to the first Dividend Payment Date falling on or after the third anniversary of the Original Issue Date, the Corporation, at its option, subject to the approval of the Appropriate Federal Banking Agency, may redeem, in whole or in
part, at any time and from time to time, the shares of Designated Preferred Stock at the time outstanding, upon notice given as provided in Section 5(c) below, at a redemption price equal to the sum of (i) the Liquidation Amount per share
and (ii) except as otherwise provided below, any accrued and unpaid dividends (including, if applicable as provided in Section 3(a) above, dividends on such amount) (regardless of whether any dividends are actually declared) to, but
excluding, the date fixed for redemption; provided that (x) the Corporation (or any successor by Business Combination) has received aggregate gross proceeds of not less than the Minimum Amount (plus the “Minimum Amount” as
defined in the relevant certificate of designations for each other outstanding series of preferred stock of such successor that was originally issued to the United States Department of the Treasury (the “Successor Preferred Stock”)
in connection with the Troubled Asset Relief Program Capital Purchase Program) from one or more Qualified Equity Offerings (including Qualified Equity Offerings of such successor), and (y) the aggregate redemption price of the Designated
Preferred Stock (and any Successor Preferred Stock) redeemed pursuant to this paragraph may not exceed the aggregate net cash proceeds received by the Corporation (or any successor by Business Combination) from such Qualified Equity Offerings
(including Qualified Equity Offerings of such successor). 
 The redemption price for any shares of Designated Preferred Stock shall be
payable on the redemption date to the holder of such shares against surrender of the certificate(s) evidencing such shares to the Corporation or its agent. Any declared but unpaid dividends payable on a redemption date that occurs subsequent to the
Dividend Record Date for a Dividend Period shall not be paid to the holder entitled to receive the redemption price on the redemption date, but rather shall be paid to the holder of record of the redeemed shares on such Dividend Record Date relating
to the Dividend Payment Date as provided in Section 3 above. 
 (b) No Sinking Fund. The Designated Preferred Stock will not be
subject to any mandatory redemption, sinking fund or other similar provisions. Holders of Designated Preferred Stock will have no right to require redemption or repurchase of any shares of Designated Preferred Stock. 
 (c) Notice of Redemption. Notice of every redemption of shares of Designated Preferred Stock shall be given by first class mail, postage prepaid,
addressed to the holders of record of the shares to be redeemed at their respective last addresses appearing on the books of the Corporation. Such mailing shall be at least 30 days and not more than 60 days before the date fixed for redemption. Any
notice mailed as provided in this Subsection shall be conclusively presumed to have been duly given, whether or not the holder receives such notice, but failure duly to give such notice by mail, or any defect in such notice or in the mailing
thereof, to any holder of shares of Designated Preferred Stock designated for redemption shall not affect the validity of the proceedings for the redemption of any other shares of Designated Preferred Stock. Notwithstanding the foregoing, if shares
of Designated Preferred Stock are issued 

  

					
		 	A-6	  	

 
in book-entry form through The Depository Trust Corporation or any other similar facility, notice of redemption may be given to the holders of Designated
Preferred Stock at such time and in any manner permitted by such facility. Each notice of redemption given to a holder shall state: (1) the redemption date; (2) the number of shares of Designated Preferred Stock to be redeemed and, if less
than all the shares held by such holder are to be redeemed, the number of such shares to be redeemed from such holder; (3) the redemption price; and (4) the place or places where certificates for such shares are to be surrendered for
payment of the redemption price. 
 (d) Partial Redemption. In case of any redemption of part of the shares of Designated Preferred
Stock at the time outstanding, the shares to be redeemed shall be selected either pro rata or in such other manner as the Board of Directors or a duly authorized committee thereof may determine to be fair and equitable. Subject to the
provisions hereof, the Board of Directors or a duly authorized committee thereof shall have full power and authority to prescribe the terms and conditions upon which shares of Designated Preferred Stock shall be redeemed from time to time. If fewer
than all the shares represented by any certificate are redeemed, a new certificate shall be issued representing the unredeemed shares without charge to the holder thereof. 
 (e) Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the redemption date specified in the notice all
funds necessary for the redemption have been deposited by the Corporation, in trust for the pro rata benefit of the holders of the shares called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City
of New York, and having a capital and surplus of at least $500 million and selected by the Board of Directors, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share so called for
redemption has not been surrendered for cancellation, on and after the redemption date dividends shall cease to accrue on all shares so called for redemption, all shares so called for redemption shall no longer be deemed outstanding and all rights
with respect to such shares shall forthwith on such redemption date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption from such bank or trust company, without interest. Any funds
unclaimed at the end of three years from the redemption date shall, to the extent permitted by law, be released to the Corporation, after which time the holders of the shares so called for redemption shall look only to the Corporation for payment of
the redemption price of such shares. 
 (f) Status of Redeemed Shares. Shares of Designated Preferred Stock that are redeemed,
repurchased or otherwise acquired by the Corporation shall revert to authorized but unissued shares of Preferred Stock (provided that any such cancelled shares of Designated Preferred Stock may be reissued only as shares of any series of
Preferred Stock other than Designated Preferred Stock). 
 Section 6. Conversion. Holders of Designated Preferred Stock shares
shall have no right to exchange or convert such shares into any other securities. 
  

					
		 	A-7	  	

 Section 7. Voting Rights. 
 (a) General. The holders of Designated Preferred Stock shall not have any voting rights except as set forth below or as otherwise from time to time
required by law. 
 (b) Preferred Stock Directors. Whenever, at any time or times, dividends payable on the shares of Designated
Preferred Stock have not been paid for an aggregate of six quarterly Dividend Periods or more, whether or not consecutive, the authorized number of directors of the Corporation shall automatically be increased by two and the holders of the
Designated Preferred Stock shall have the right, with holders of shares of any one or more other classes or series of Voting Parity Stock outstanding at the time, voting together as a class, to elect two directors (hereinafter the “Preferred
Directors” and each a “Preferred Director”) to fill such newly created directorships at the Corporation’s next annual meeting of stockholders (or at a special meeting called for that purpose prior to such next
annual meeting) and at each subsequent annual meeting of stockholders until all accrued and unpaid dividends for all past Dividend Periods, including the latest completed Dividend Period (including, if applicable as provided in Section 3(a)
above, dividends on such amount), on all outstanding shares of Designated Preferred Stock have been declared and paid in full at which time such right shall terminate with respect to the Designated Preferred Stock, except as herein or by law
expressly provided, subject to revesting in the event of each and every subsequent default of the character above mentioned; provided that it shall be a qualification for election for any Preferred Director that the election of such Preferred
Director shall not cause the Corporation to violate any corporate governance requirements of any securities exchange or other trading facility on which securities of the Corporation may then be listed or traded that listed or traded companies must
have a majority of independent directors. Upon any termination of the right of the holders of shares of Designated Preferred Stock and Voting Parity Stock as a class to vote for directors as provided above, the Preferred Directors shall cease to be
qualified as directors, the term of office of all Preferred Directors then in office shall terminate immediately and the authorized number of directors shall be reduced by the number of Preferred Directors elected pursuant hereto. Any Preferred
Director may be removed at any time, with or without cause, and any vacancy created thereby may be filled, only by the affirmative vote of the holders a majority of the shares of Designated Preferred Stock at the time outstanding voting separately
as a class together with the holders of shares of Voting Parity Stock, to the extent the voting rights of such holders described above are then exercisable. If the office of any Preferred Director becomes vacant for any reason other than removal
from office as aforesaid, the remaining Preferred Director may choose a successor who shall hold office for the unexpired term in respect of which such vacancy occurred. 
 (c) Class Voting Rights as to Particular Matters. So long as any shares of Designated Preferred Stock are outstanding, in addition to any other vote or consent of stockholders required by law or by the Charter,
the vote or consent of the holders of at least 66 2/3% of the shares of Designated Preferred Stock at the time outstanding, voting as a separate class, given in person or by proxy, either in writing without a meeting or by vote at any meeting called
for the purpose, shall be necessary for effecting or validating: 
 (i) Authorization of Senior Stock. Any amendment or
alteration of the Certificate of Designations for the Designated Preferred Stock or the Charter 

  

					
		 	A-8	  	

 
to authorize or create or increase the authorized amount of, or any issuance of, any shares of, or any securities convertible into or exchangeable or
exercisable for shares of, any class or series of capital stock of the Corporation ranking senior to Designated Preferred Stock with respect to either or both the payment of dividends and/or the distribution of assets on any liquidation, dissolution
or winding up of the Corporation; 
 (ii) Amendment of Designated Preferred Stock. Any amendment, alteration or repeal
of any provision of the Certificate of Designations for the Designated Preferred Stock or the Charter (including, unless no vote on such merger or consolidation is required by Section 7(c)(iii) below, any amendment, alteration or repeal by
means of a merger, consolidation or otherwise) so as to adversely affect the rights, preferences, privileges or voting powers of the Designated Preferred Stock; or 
 (iii) Share Exchanges, Reclassifications, Mergers and Consolidations. Any consummation of a binding share exchange or
reclassification involving the Designated Preferred Stock, or of a merger or consolidation of the Corporation with another corporation or other entity, unless in each case (x) the shares of Designated Preferred Stock remain outstanding or, in
the case of any such merger or consolidation with respect to which the Corporation is not the surviving or resulting entity, are converted into or exchanged for preference securities of the surviving or resulting entity or its ultimate parent, and
(y) such shares remaining outstanding or such preference securities, as the case may be, have such rights, preferences, privileges and voting powers, and limitations and restrictions thereof, taken as a whole, as are not materially less
favorable to the holders thereof than the rights, preferences, privileges and voting powers, and limitations and restrictions thereof, of Designated Preferred Stock immediately prior to such consummation, taken as a whole; 
 provided, however, that for all purposes of this Section 7(c), any increase in the amount of the authorized Preferred Stock, including any increase in the
authorized amount of Designated Preferred Stock necessary to satisfy preemptive or similar rights granted by the Corporation to other persons prior to the Signing Date, or the creation and issuance, or an increase in the authorized or issued amount,
whether pursuant to preemptive or similar rights or otherwise, of any other series of Preferred Stock, or any securities convertible into or exchangeable or exercisable for any other series of Preferred Stock, ranking equally with and/or junior to
Designated Preferred Stock with respect to the payment of dividends (whether such dividends are cumulative or non-cumulative) and the distribution of assets upon liquidation, dissolution or winding up of the Corporation will not be deemed to
adversely affect the rights, preferences, privileges or voting powers, and shall not require the affirmative vote or consent of, the holders of outstanding shares of the Designated Preferred Stock. 
 (d) Changes after Provision for Redemption. No vote or consent of the holders of Designated Preferred Stock shall be required pursuant to
Section 7(c) above if, at or prior to the time when any such vote or consent would otherwise be required pursuant to such Section, all outstanding shares of the Designated Preferred Stock shall have been redeemed, or shall have been called for
redemption upon proper notice and sufficient funds shall have been deposited in trust for such redemption, in each case pursuant to Section 5 above. 
  

					
		 	A-9	  	

 (e) Procedures for Voting and Consents. The rules and procedures for calling and conducting any
meeting of the holders of Designated Preferred Stock (including, without limitation, the fixing of a record date in connection therewith), the solicitation and use of proxies at such a meeting, the obtaining of written consents and any other aspect
or matter with regard to such a meeting or such consents shall be governed by any rules of the Board of Directors or any duly authorized committee of the Board of Directors, in its discretion, may adopt from time to time, which rules and procedures
shall conform to the requirements of the Charter, the Bylaws, and applicable law and the rules of any national securities exchange or other trading facility on which Designated Preferred Stock is listed or traded at the time. 
 Section 8. Record Holders. To the fullest extent permitted by applicable law, the Corporation and the transfer agent for Designated Preferred
Stock may deem and treat the record holder of any share of Designated Preferred Stock as the true and lawful owner thereof for all purposes, and neither the Corporation nor such transfer agent shall be affected by any notice to the contrary.

 Section 9. Notices. All notices or communications in respect of Designated Preferred Stock shall be sufficiently given if
given in writing and delivered in person or by first class mail, postage prepaid, or if given in such other manner as may be permitted in this Certificate of Designations, in the Charter or Bylaws or by applicable law. Notwithstanding the foregoing,
if shares of Designated Preferred Stock are issued in book-entry form through The Depository Trust Corporation or any similar facility, such notices may be given to the holders of Designated Preferred Stock in any manner permitted by such facility.

 Section 10. No Preemptive Rights. No share of Designated Preferred Stock shall have any rights of preemption whatsoever as to
any securities of the Corporation, or any warrants, rights or options issued or granted with respect thereto, regardless of how such securities, or such warrants, rights or options, may be designated, issued or granted. 
 Section 11. Replacement Certificates. The Corporation shall replace any mutilated certificate at the holder’s expense upon surrender of
that certificate to the Corporation. The Corporation shall replace certificates that become destroyed, stolen or lost at the holder’s expense upon delivery to the Corporation of reasonably satisfactory evidence that the certificate has been
destroyed, stolen or lost, together with any indemnity that may be reasonably required by the Corporation. 
 Section 12. Other
Rights. The shares of Designated Preferred Stock shall not have any rights, preferences, privileges or voting powers or relative, participating, optional or other special rights, or qualifications, limitations or restrictions thereof, other than
as set forth herein or in the Charter or as provided by applicable law. 
  

					
		 	A-10

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