Document:

Exhibit 10.2

 Exhibit 10.2 
  

											
		 		 		 		    	 Form of Irrevocable Undertaking
 Used by Controlling Shareholder Group

 IRREVOCABLE UNDERTAKING 
  

					
	To:	  	FTI FD LLC	  	(the Offeror)
		  	and	  	
		  	FTI Consulting, Inc.	  	(FTI)

 Proposed offer for FD International (Holdings) Limited 
  

	1.	We understand that: 

  

	 	(a)	the Offeror intends to make an offer (the Offer) to the shareholders (the Shareholders) of FD International (Holdings) Limited (a company incorporated in England and
Wales with registered number 4502457) (the Target) to acquire all of the A ordinary shares of 10p each, all of the B ordinary shares of 10p each and all of the C ordinary shares of 10p each (the Shares) in the capital of the Target
(and all of the deferred shares of 10p each arising on the operation of the conversion provisions (the Ratchet) in the articles of association of the Target), all Shares resulting from exercise of the Options and all of the preferred finance
securities issued by FD International 2 Limited (the Preferred Finance Securities); 

  

	 	(b)	the Offer for the Shares consists of a cash offer (the Cash Option) with an alternative composite option (the Earn Out Option); 

  

	 	(c)	Shareholders electing to accept the Cash Option will be paid 50% of the cash payable to them under the Cash Option (approximately £15.22 pence per Share) on the Settlement
Date. The remaining 50% of the cash payable to such Shareholders (approximately £15.22 pence per Share) will, on the Settlement Date, be paid into the Segregated Account; 

  

	 	(d)	cash paid into the Segregated Account referable to a Shareholder will be held for that Shareholder from the Settlement Date until 30 September 2009 (Restriction Period).
On the expiry of the Restriction Period such cash together with all accrued interest shall be released to the relevant Shareholder; 

  

	 	(e)	Offeror may agree to waive and/or shorten the Restriction Period and/or direct that cash held in the Segregated Account (or otherwise to be paid into the Segregated Account) that is
referable to a Shareholder be released (or paid direct) to that Shareholder before the expiry of the Restriction Period (or before being paid into the Segregated Account), together with all accrued interest, if any, earned on the money in the
Segregated Account; and 

  

	 	(f)	the Offer (including the Cash Option and the Earn Out Option) will be on the terms and conditions to be set out in the formal document containing the Offer (the Offer
Document) substantially in the form of the attached draft Offer Document. 

  

	2.	Words and expressions used but not defined in this undertaking shall have the same meanings as ascribed to them in the Offer Document. All times referred to are London times unless
otherwise stated. 

  

 1 

	3.	In consideration of the Offeror agreeing to make the Offer, the              Funds (as defined below), undertake,
warrant, agree and represent to and with the Offeror and FTI in the following terms: 

  

	 	(a)	the              Funds listed in Schedule 1 (the
             Funds) are the registered holders and beneficial owners of and have all relevant authority to accept the Offer in respect of the Shares (before the operation of the
Ratchet) specified in Schedule 2 and any other Shares which the              Funds acquire after signing this undertaking and any other such shares attributable to or deriving from the
Shares (the Specified Shares) and the amount of Preferred Finance Securities specified in Schedule 2 (the PFSs) and to transfer them (in the case of the Specified Shares, in their resultant form after the operation of the Ratchet) with
full title guarantee and together with all rights attaching to them as envisaged by the terms of the Offer; 

  

	 	(b)	the Offeror will acquire all the Specified Shares (in their resultant form after the operation of the Ratchet) and the PFSs pursuant to the Offer free from any lien, charge, or
other encumbrance, equity or other third party right of any nature and together with all rights of any nature attaching or accruing to them including the right to all dividends declared, made or paid after the date of this undertaking;

  

	 	(c)	conditional on the              Funds receiving an irrevocable and unconditional undertaking from the Offeror that it
will procure that 50% of the cash payable under the Cash Option to the              Funds if they accept the Offer and do not elect for the Earn Out Option that, but for the exercise of
discretion and the grant of consent, would have been paid into the Segregated Account for the Restriction Period, is paid in full to the              Funds on the Settlement Date so that
the              Funds receive 100% of the cash consideration payable under the Cash Option, the              Funds will accept
the Offer in respect of all the Specified Shares and PFSs and not elect for the Earn Out Option and the              Funds will procure that duly completed Form of Acceptance, together with
the Share certificate(s) (or Lost Certificate Indemnity) and/or other document(s) of title and/or evidence of authority in accordance with the terms of the Offer, are delivered to Clifford Chance LLP, 10 Upper Bank Street, London E14 5JJ no later
than the expiry of 12 hours following the time at which the Offer is made on terms that transfer of the right, title and interest in or to the Specified Shares and the PFSs shall not be passed to the Offeror (pursuant to the Offer) unless and until
the later of: 

  

	 	(i)	5:00 pm on 3 October 2006; and 

  

	 	(ii)	the date on which              Funds receive in full the consideration due to them under the Offer (namely, 100% of the
cash consideration due to them under the Cash Option) provided that the termination right pursuant to paragraph 6 of Part B of Appendix 1 of the Offer Document has not been validly exercised; 

  

	 	(d)	unless and until the Offer lapses or is withdrawn, the              Funds will not: 

  

	 	(i)	sell, transfer, charge, pledge or grant any option over or otherwise dispose of any of the Specified Shares or PFSs or any interest in any of the Specified Shares or PFSs except to
the Offeror under the Offer; or 

  

	 	(ii)	accept any other offer in respect of any of the Specified Shares or PFSs (whether it is conditional or unconditional and irrespective of the means by which it is to be implemented);
or 

  

 2 

	 	(iii)	withdraw the acceptance referred to in paragraph 3(c) above in respect of any of the Specified Shares or PFSs (notwithstanding any right to withdraw, including without limitation
pursuant to any provision in the Offer Document) except by exercise of the termination rights in paragraph 6 of Part B of Appendix I of the Offer Document; and 

  

	 	(e)	this undertaking may be referred to in the Offer Document. 

  

	4.	The following additional provisions apply to this undertaking: 

  

	 	(a)	all obligations under this undertaking will lapse if: 

  

	 	(i)	the Offer Document is not delivered to Allen & Overy LLP, One New Change, London EC4M 9QQ on behalf of the
                 Funds before the expiry of the 12 hours referred to in paragraph 3(c) above; or 

  

	 	(ii)	the Offer lapses or is withdrawn; 

  

	 	(iii)	settlement by the Offeror of the cash consideration to which the                  Funds are entitled
under the Cash Option pursuant to the terms of the Offer has not occurred in accordance with the provisions of paragraph 3(c); 

  

	 	(b)	we acknowledge that, if the                  Funds fail to accept the Offer in accordance with
paragraphs 3(b) or 3(c) or should otherwise be in breach of any of our obligations in this undertaking, damages alone would not be an adequate remedy and that an order for specific performance would be an essential element of any adequate remedy for
such failure or breach; 

  

	 	(c)	we acknowledge that our respective shareholding of Shares will alter on application of the Ratchet with the effect set out in Schedule 2; 

  

	 	(d)	the Shares are subject to the articles of association of the Target; 

  

	 	(e)	we acknowledge that settlement of all of the consideration to which the                  Funds will
be entitled under the Cash Option will occur on the Settlement Date and that transfer to the Offeror (pursuant to the Offer) of title to the Specified Shares or PFSs will only occur against such settlement having been made in accordance with the
provisions of paragraph 3(c); 

  

	 	(f)	any time, date or period mentioned in this undertaking may be extended by mutual agreement between the parties but as regards any time, date or period originally fixed or so
extended time shall be of the essence; 

  

	 	(g)	references in this undertaking to a person having an “interest in Shares” or an “interest in PFSs” include all interests which a person would be required to
notify to the Target (or any of its subsidiaries) if he were a director of the Target or any of its subsidiaries; 

  

	 	(h)	in this undertaking the expression the “Offer” extends to any improved or revised offer on behalf of the Offeror; 

  

	 	(i)	this undertaking shall bind the                  Funds and their successors;

  

 3 

	 	(j)	by way of security for our obligations under this undertaking we irrevocably appoint any director of the Offeror to be the
                 Fund’s attorney to execute in the                  Fund’s name
a Form of Acceptance of the Offer in respect of all or any of the Specified Shares and in respect of all or any of the PFSs to the extent that we fail to comply with our obligations in paragraphs 3(b) and 3(c) of this undertaking, and to sign,
execute and deliver any documents (including a Lost Certificate Indemnity) and do all acts and things as may be necessary for or incidental to the acceptance of the Offer in relation to the Specified Shares and PFSs; 

  

	 	(k)	to the extent that any of the Specified Shares or any of the PFSs are not registered in the name of the
                 Funds, we will procure the registered holder(s) to act in accordance with the terms of this undertaking; 

  

	 	(l)	this undertaking shall be governed by English law; and 

  

	 	(m)	the                  Funds each submit to the jurisdiction of the English courts for all purposes in
relation to this undertaking. 

 IN WITNESS WHEREOF this document has been executed and delivered as a Deed on the date first written
above. 
  

 4 

 SCHEDULE 1 
  

 5 

 SCHEDULE 2 
 THE SPECIFIED SHARES 
 1. REGISTERED IN NAME OF 
  

					
	 Exact name(s) and address(es)
 of
registered holders as appearing
 on the register of members or in the
 case of PFSs on the register of
 holders of
PFSs
	 	 No. of Shares pre-operation of
 the Ratchet /Principal amount
 in respect of PFSs
	 	 No. of Shares post-operation
 of the Ratchet/Amounts due in
 respect of PFSs if redeemed on
 3 October 2006

  

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 EXECUTION 
 Executed and delivered as a DEED on    September 2006 by 
  
  

			
	By:	 	
		
	By:	 	
		
	By:	 	  

	
	
		
	By:	 	
		
	By:	 	  

	
	

		
	By:	 	
		
	By:	 	  

  

 7Exhibit 10.3

 Exhibit 10.3 
  

							
		 		 		    	 Form of Irrevocable
 Undertaking Used by
 Executive Officers of FD

 IRREVOCABLE UNDERTAKING 
  

					
	To:	  	FTI FD LLC	  	(the Offeror)
		  	 and
 FTI Consulting, Inc.
	  	(FTI)

 Proposed offer for FD International (Holdings) Limited 
  

	1.	I/we understand that: 

  

	 	(a)	the Offeror intends to make an offer (the Offer) to the shareholders (the Shareholders) of FD International (Holdings) Limited (a company incorporated in England and
Wales with registered number 4502457) (the Target) to acquire all of the A ordinary shares of 10p each, all of the B ordinary shares of 10p each and all of the C ordinary shares of 10p each (the Shares) in the capital of the Target
(and all of the deferred shares of 10p each arising on the operation of the conversion provisions (the Ratchet) in the articles of association of the Target) and all of the Preferred Finance Securities issued by FD International 2 Limited;

  

	 	(b)	the Offer consists of a cash offer (the Cash Option) with an alternative composite option (the Earn Out Option); 

  

	 	(c)	Shareholders electing to accept either the Cash Option or the Earn Out Option will be paid for each Share in the manner and on the terms and conditions contained in the formal
document containing the Offer (the Offer Document); 

  

	 	(d)	the Offer (including the Cash Option and the Earn Out Option) will be on the terms and conditions to be set out in the Offer Document which will be substantially in the form of the
attached draft Offer Document. 

  

	2.	In consideration of the Offeror agreeing to make the Offer, I/we undertake, warrant, agree and represent to and with the Offeror and FTI in the following terms:

  

	 	(a)	I am/we are, together, the registered holder/s and beneficial owner/s of, and have all relevant authority to accept the Offer in respect of, the number of Shares (before the
operation of the Ratchet) specified in Schedule 1 and any other Shares which I/we otherwise become entitled to after signing this undertaking and any other such shares attributable to or deriving from the Shares (the Specified Shares)
and to transfer them with full title guarantee and together with all rights attaching to them as envisaged by the terms of the Offer; 

  

	 	(b)	the Offeror will acquire all the Specified Shares (in their resultant form after the operation of the Ratchet) less any Excluded Shares (as defined below) pursuant to the Offer free
from any lien, charge, or other encumbrance, equity or other third party right of any nature and together with all rights of any nature attaching or accruing to them including the right to all dividends declared, made or paid after the date of this
letter; 

  

	 	(c)	I/we will accept the Offer and elect for the Earn Out Option (and if UK resident will elect for the Earn Out Option to be satisfied in loan notes) in respect of all the
Specified Shares less any Excluded Shares and I/we will deliver duly completed Form of Acceptance together with 

  

 1 

	 	  	the Share certificate(s) (or indemnity for lost certificate) and/or other document(s) of title and/or evidence of authority in accordance with the terms of the Offer, no later than
6.00 p.m. London time on the third Business Day (being any day other than a Saturday or Sunday or public holiday in either the United Kingdom or the United States of America) following the day on which the Offer Document is despatched on the terms
that transfer of the right, title and interest in and to the Specified Shares to the Offeror (pursuant to the Offer) shall take place against settlement by the Offeror of the cash and FTI Shares components to which all Shareholders are entitled
under the Earn Out Option pursuant to the terms of the Offer on the Settlement Date (as defined below); 

  

	 	(d)	unless and until the Offer lapses or is withdrawn, I/we will not: 

  

	 	(i)	sell, transfer, charge, pledge or grant any option over or otherwise dispose of any of the Specified Shares or any interest in any of the Specified Shares except to the Offeror
under the Offer; or 

  

	 	(ii)	accept any other offer in respect of any of the Specified Shares (whether it is conditional or unconditional and irrespective of the means by which it is to be implemented); or

  

	 	(iii)	withdraw the acceptance referred to in paragraph 2(b) above in respect of any of those Specified Shares (notwithstanding any right to withdraw, including without limitation pursuant
to any provision in the Offer Document); and 

  

	 	(e)	this undertaking may be referred to in the Offer Document. 

  

	3.	The following additional provisions apply to this undertaking: 

  

	 	(a)	all obligations under this undertaking will lapse if: 

  

	 	(i)	the Offer Document has not been posted within 10 days after the date of this undertaking; 

  

	 	(ii)	the Offer lapses or is withdrawn; or 

  

	 	(iii)	settlement by the Offeror of the cash and FTI Shares components to which all Shareholders are entitled under the Earn Out Option pursuant to the terms of the Offer has not occurred
on the Settlement Date (as defined below); 

  

	 	(b)	I/we acknowledge that, if I/we fail to accept the Offer in accordance with my/our obligations under paragraphs 2(b) or 2(c) or should otherwise be in breach of
any of my/our obligations in this undertaking, damages alone would not be an adequate remedy and that an order for specific performance would be an essential element of any adequate remedy for such failure or breach; 

 

	 	(c)	I/we acknowledge that my/our shareholding of A Shares and/or C Shares will alter on application of the Ratchet and that the Shares to be transferred to you hereunder
shall be those resulting from and reflecting operation of the Ratchet; 

  

	 	(d)	I/we acknowledge that settlement of the cash and FTI Shares components to which I/we will be entitled under the Earn Out Option will occur on 3 October 2006 (the
Settlement Date) and that transfer to the Offeror (pursuant to the Offer) of title to the Specified Shares will only occur against, and provided that, such settlement has been made on the Settlement Date; 

  

 2 

	 	(e)	any time, date or period mentioned in this undertaking may be extended by mutual agreement between the parties but as regards any time, date or period originally fixed or so
extended time shall be of the essence; 

  

	 	(f)	references in this undertaking to a person having an “interest in Shares” include all interests which a person would be required to notify to the Target (or any of its
subsidiaries) if he were a director of the Target or any of its subsidiaries; 

  

	 	(g)	in this undertaking the expression the “Offer” extends to any improved or revised offer on behalf of the Offeror; 

  

	 	(h)	this undertaking shall bind my/our estate and personal representatives; 

  

	 	(i)	by way of security for my/our obligations under this undertaking I/we each irrevocably appoint any director of the Offeror to be my/each of our attorney to
execute in my/our name(s) and on my/our behalf a form of acceptance of the Offer in respect of all or any of the Specified Shares to the extent that I/we have failed to comply with my/our obligations in paragraphs 2(b)
and 2(c) of this undertaking, and to sign, execute and deliver any documents (including any indemnity for lost certificate) and do all acts and things as may be necessary for or incidental to the acceptance of the Offer in relation to the Specified
Shares; 

  

	 	(j)	to the extent that any of the Specified Shares are not registered in my/our name, I/we will procure the registered holder(s) to act in accordance with the terms of
this undertaking; 

  

	 	(k)	any reference to a time in this undertaking is a reference to London time; 

  

	 	(l)	“Excluded Shares” means those Specified Shares which have been issued in the one year prior to the date of this undertaking and which are set out in Schedule 2
(Excluded Shares); 

  

	 	(m)	this undertaking shall be governed by English law; and 

  

	 	(n)	I/we each submit to the jurisdiction of the English courts for all purposes in relation to this undertaking. 

  

	4.	Words and expressions used but not defined in this undertaking shall have the same meanings ascribed to them in the Offer Document. 

  

 3 

 SCHEDULE 1 
 THE SPECIFIED SHARES 
 1. REGISTERED [AND BENEFICIALLY OWNED] IN THE NAME OF THE PERSON(S) GIVING THE UNDERTAKING

  

			
	 Exact name(s) and address(es)
of registered holders as appearing on the register of
members
	  	 No. of Shares

		
	[Name]	  	[·] A ordinary shares of 10p each
		
		  	[·] B ordinary shares of 10p each
		
		  	[·] C ordinary shares of 10p each
	 [Exact name(s) and address(es) of beneficial owner]
	  	 
		
	[Spouse’s name]	  	[·] A ordinary shares of 10p each
		
		  	[·] B ordinary shares of 10p each
		
		  	[·] C ordinary shares of 10p each

 [Where all the shares are already registered in the name of the shareholder and his/her spouse, please delete
words in block brackets, otherwise indicate the split between registered and beneficially held shares.] 
  

 4 

 SCHEDULE 2 
 EXCLUDED SHARES 
  

					
	 Name of registered holder
	 	 Date of issue
	  	 No. of Shares

	[Name]	 		  	 [·] A ordinary shares of 10p each

 
 [·] B ordinary shares of 10p each
  
 [·] C ordinary shares of 10p each

			
		 		  	 [·] A ordinary shares of 10p each

 
 [·] B ordinary shares of 10p each
  
 [·] C ordinary shares of 10p each

			
		 		  	 [·] A ordinary shares of 10p each

 
 [·] B ordinary shares of 10p each
  
 [·] C ordinary shares of 10p each

  

 5 

 EXECUTION 
  

									
	 SIGNED and delivered as a
 deed by
the person named
 above in the presence of:
	 		 	 )                
 )
 )
	 	  
  
 (Signature)
	 	
					
	Witness’s signature:	 		 		 		 	
					
	  
	 		 		 		 	

  

			
	Name:	 	  

		
	Address:	 	  

	  
  

	  
  

		
	Occupation:	 	  

  

									
	 SIGNED and delivered as a
 Deed by
  
 above in the presence
of:
	 		 	 )                    
 )
 )
	 	  
  
 ([Spouse’s] Signature)
	 	
					
	Witness’s signature:	 		 		 		 	
	  
  
	 		 		 		 	

  

			
	Name:	 	  

		
	Address:	 	  

	  
  

	  
  

		
	Occupation:	 	  

  

 6

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