Document:

<PAGE>

                                                                    EXHIBIT 10.2

                            [INTERVISUAL LETTERHEAD]

Via:  Overnight mail and Fax: 011-852-2664-7066

                                 March 29, 2000

Zindart Limited
Flat C&D, 25/F., Block 1
Taiping Industrial Centre
57 Ting Kok Road
Tai Po, N. T.
Hong Kong
Attn: Feather S. Y. Fok

               Re:    EXTENSION NOTICE.

Dear Feather:

               Please consider this notice that as per Section 2.6 of the Loan
and Security Agreement dated as of May 13, 1999, Intervisual Books, Inc. hereby
extends the committed revolving line until May 13, 2001 in the amount of
$2,300,000.

Sincerely,

                                            /s/ DAN REAVIS

                                            Dan Reavis
                                            Executive VP/CFO

cc:     ChinaVest
        Stephen Cooke, Paul Hastings, Janosfsky & Walker LLP<PAGE>

                                                                    EXHIBIT 10.3

                                 AMENDMENT NO. 1
                                       TO
                           LOAN AND SECURITY AGREEMENT

        This Amendment No. 1 (the "Amendment") to the Loan and Security
Agreement, dated May 13, 1999 (the "Agreement"), is entered into as of April 16,
2001, by and between Zindart Limited, a Hong Kong Corporation ("Lender"), on the
one hand, and Intervisual Books, Inc., a California corporation ("IBI"), and FFM
Acquisition Corp, a California corporation, ("FFM"), on the other hand. IBI and
FFM are sometimes individually and collectively referred to as "Borrower," and
the representations, warranties, covenants and agreements of "Borrower"
contained in this Agreement, as well as the liability in respect of the
Obligations shall apply to IBI and FFM on a joint and several basis unless
expressly stated otherwise. Capitalized terms used herein but not otherwise
defined shall have the meanings set forth in the Agreement.

                                    RECITALS

        Whereas Borrower has requested the extension of the Maturity Date under
the Agreement and in consideration for a repayment of the principal amount of
the Obligations in the amount of $250,000 on the date hereof; and

        Whereas Lender desires to extend the Maturity Date, subject to the
limitations and provisions set forth herein.

                                    AGREEMENT

        The parties agree as follows:

        1. The Definitions are hereby amended to delete the definition of
"Maturity Date" and add the following in the correct alphabetical order:

        "Maturity Date" means June 30, 2002.

        "Principal Payment Date" means the dates set forth on Schedule A hereto.

        2. Section 2.1 is hereby amended to add the following paragraphs:

        "(d) Notwithstanding anything to the contrary set forth in this Section
        2.1 or in this Agreement, Lender shall not be required to make any
        Advances or extend any credit or funds to Borrower subsequent to April
        16, 2001, including, without limitation, any Advances, credit or funds
        that have been repaid on or subsequent to April 16, 2001.

        (e) Borrower shall pay to Lender on the Principal Payment Dates the
        amounts set forth on Schedule A hereto, and, as of such dates, such
        amounts shall immediately be due and payable. All remaining Advances
        under this SECTION 2.1 and other amounts not previously paid under this
        Agreement and the Amendment, including, without

<PAGE>

        limitations, all unpaid Obligations, shall be immediately due and
        payable on the Maturity Date."

        3. Section 2.5 is amended to add the following provision:

        "In addition, Borrower shall pay to Lender a fee of $10,000, which fee
        shall be due on the date hereof and shall be fully earned and
        non-refundable, the proceeds of which shall be used to offset Lender's
        financial, accounting and legal fees and costs associated with
        documenting this Amendment."

        4. Representations and Warranties. Each Borrower represents, jointly and
severally, that the representations and warranties contained in the Agreement
are true and correct on and as of the date hereof. Borrower represents and
warrants that the Projections, as hereinafter defined and delivered to Lender as
of the date hereof, have been reasonably prepared and represents management's
reasonable and best assessment of the projected operating results and financial
condition of Borrower, subject to the limitations and disclaimer set forth
therein.

        5. Affirmative Covenants. Section 6.3(a) is amended as follows:

        "6.3 FINANCIAL STATEMENTS, REPORTS, CERTIFICATES. Borrower shall deliver
to Lender: (a) as soon as available, but in any event within thirty (30) days
after the end of each month of each fiscal quarter, and within forty-five (45)
days after the last month of each fiscal quarter, a company prepared
consolidated balance sheet, income statement and cash flow statement together
with supporting documents of such balances, covering Borrower's consolidated
operations during such period, in a form and certified by an officer of Borrower
reasonably acceptable to Lender."

        The balance of the Section 6.3 shall remain unamended. Section 6 is
hereby amended to include the following paragraphs:

"6.10. On the date hereof, Borrower shall provide Lender with financial and
operating projections used by management and to be presented to the Board of
Directors for each month in calendar 2001 and 2002 (the "Projections") with
reasonable detail and explanation on the assumptions used. Borrower shall
promptly provide Lender with any update to such Projections that is adopted by
management or the Board Directors. Commencing with the month ended April 30,
2001, Borrower shall promptly provide Lender with written notice of any known or
reasonably anticipated material deviations from such Projections."

6.11. Borrower shall promptly notify Lender in writing in the event that
Borrower determines that the representations and warranties made in Section 5.8
ceases to be true on a continuous and ongoing basis."

<PAGE>

        IN WITNESS WHEREOF, Zindart and Borrower have executed this Amendment.

                                         INTERVISUAL BOOKS, INC.,
                                         a California corporation

                                         By: /s/ WALDO H. HUNT
                                         ----------------------------------
                                         Title: Chairman

                                         FAST FORWARD MARKETING, INC.,
                                         a California corporation

                                         By: /s/ DAN P. REAVIS
                                         ----------------------------------
                                         Title: President

                                         ZINDART LIMITED

                                         By: /s/ PETER J. GARDINER
                                         ----------------------------------
                                         Title: Chairman<PAGE>

                                                                    EXHIBIT 10.4

                                  AMENDMENT TO
                       ZINDART LOAN AND SECURITY AGREEMENT
                                  AND AGREEMENT

        THIS AMENDMENT TO ZINDART LOAN AND SECURITY AGREEMENT AND AGREEMENT
(this "December 2001 Amendment"), dated as of December 31, 2001, is entered into
between ZINDART LIMITED ("Zindart"), on the one hand, and INTERVISUAL BOOKS,
INC., a California corporation ("IBI"), and FAST FORWARD MARKETING, INC., a
California corporation formerly known as FFM ACQUISITION CORP. ("FFM"), on the
other hand, and amends that certain Loan and Security Agreement, dated as of May
13, 1999, between Zindart and Borrower (as previously amended, the "Agreement")
and contains certain other agreements. IBT and FFM are sometimes individually
and collectively referred to as "Borrower." All terms which are defined in the
Agreement shall have the same definition when used herein unless a different
definition is ascribed to such term under this December 2001 Amendment, in which
case, the definition contained herein shall govern. This December 2001 Amendment
is entered into in light of the following facts:

                                    RECITALS

        WHEREAS, the current outstanding principal balance of the Obligations
under the Agreement is $2,050,000 (the "Principal Balance");

        WHEREAS, Borrower and Zindart have agreed that (a) $400,000 of the
Principal Balance be converted to common stock of IBI, with voting rights to be
subject to the terms and provisions of the Voting Agreement, if any, to be
executed between Zindart and Intervisual Partners LLC (the "Investor") (the
"Voting Agreement"), (b) $400,000 of the Principal Balance be cancelled in the
quarter ending September 30, 2002, contingent upon satisfactory payment
performance by the Company of certain obligations, and (c) the remaining
$1,250,000 of the Principal Balance be payable in twenty-four equal monthly
installments beginning August 31, 2002;

        WHEREAS, the current outstanding balance of past due trade payables
owing by Borrower to Lender is approximately $1,250,000 (the "Past Due
Payable");

        WHEREAS, Borrower and Zindart have agreed that (a) $400,000 of the Past
Due Payables (the "Converted Payables") be converted to common stock of IBI,
with voting subject to the terms and provisions of the Voting Agreement, if any,
(b) $400,000 of the Past Due Payables be cancelled upon the closing of the sale
of approximately $2,000,000 in the aggregate in one or more closings, of IBI's,
Series A Preferred Stock (the "Preferred Stock") to the Investor (the "Equity
Financing"), and (c) the remaining $400,000 of the Past Due Payables be payable
in seven equal monthly installments beginning January 31, 2002; and

        WHEREAS, the parties desire to execute this December 2001 Amendment in
order to memorialize the above understandings and to facilitate the Equity
Financing.

<PAGE>

        NOW, THEREFORE, the parties agree as follows:

                1. The Agreement is hereby amended as follows:

                      A. Amended Definitions. The definitions of "Maturity Date"
and "Obligations" in the Agreement are hereby deleted and the following
definitions are inserted into Section 1.1 of the Agreement in the appropriate
alphabetical order:

                             "Base Obligations" shall have the meaning ascribed
thereto in the definition of Obligations.

                             "Converted Obligations" shall mean $400,000, which
is a portion of the Principal Balance of the Obligations owed by Borrower to
Lender pursuant to this Agreement and which is to be converted into common stock
of IBI.

                             "December 2001 Amendment" means the Amendment to
Zindart Loan and Security Agreement and Agreement dated December 31, 2001 among
Borrower and Lender.

                             "Maturity Date" means July 31, 2004.

                             "Obligations" means, after the conversion of the
Converted Obligations into common stock of IBI pursuant to the December 2001
Amendment, (a) $1,200,000 (the "Base Obligations") plus (b) $400,000, if
Borrower has not paid $400,000 of the Past Due Payables as provided for in
Section 3.C of the December 2001 Amendment (the "Past Due Contingent
Obligations") plus (c) all interest, Lender Expenses and other amounts owed to
Lender by Borrower pursuant to the Agreement, whether absolute or contingent,
due or to become due, now existing or hereafter arising, including any interest
that accrues after the commencement of an Insolvency Proceeding.

                             "Past Due Contingent Obligations" shall have the
meaning ascribed thereto in the definition of Obligations.

                      B. Amendment to Section 2.1(e). Section 2.1 (e) of the
Agreement is hereby amended by deleting from Schedule A thereto the reference to
the payment of $250,000 due on or before March 15, 2002.

                      C. Amendment to Section 2.3(a). Section 2.3(a) of the
Agreement is hereby deleted and the following substituted in lieu thereof:

                             "(a) INTEREST RATE. Except as set forth in
               Section 2.3(b), the Obligations shall bear interest at a per
               annum rate equal to five percent (5.00%) above the LIBOR Rate."

                      D. Amendment to Section 2.3(c). Section 2.3(c) of the
Agreement is hereby deleted and the following substituted in lieu thereof:

                                       2
<PAGE>

                             "(c) PAYMENTS. Interest on the Base Obligations
               (including the Converted Obligations to the extent provided in
               the December 2001 Amendment) shall be due and payable on each
               Payment Date beginning December 31, 2001 and on the Maturity
               Date. Interest on the Past Due Contingent Obligations shall be
               due and payable on each Payment Dale beginning December 31, 2002
               if any Past Due Contingent Obligations are outstanding on such
               date. The principal amount of the Base Obligations shall be due
               and payable in twenty-four equal monthly installments beginning
               August 31, 2002. If any Past Due Contingent Obligations are
               outstanding on December 31, 2002, then the principal amount of
               the Past Due Contingent Obligations shall be due and payable in
               nineteen equal monthly installments beginning January 31, 2003.
               All outstanding principal and accrued interest on the Obligations
               shall be due and payable on the Maturity Date. All payments of
               principal, interest and fees shall be made by Borrower to Lender
               in immediately available funds. Any interest not so paid when due
               shall be compounded by becoming a part of the Obligations, and
               such interest shall thereafter accrue interest at the rate then
               applicable hereunder."

                      E. Amendment to Section 7.4. Section 7.4 of the Agreement
is hereby amended by adding the following before the period at the end of the
first sentence: "and other Indebtedness to Lender".

                      F. Conversion of Converted Obligations. Lender and
borrower hereby agree to exchange the Converted Obligations for 634,921 shares
of IBI's common stock (the "Converted Obligations Common Stock") at a price of
$0.63 per share. The Converted Obligations Common Stock shall be subject to the
Voting Agreement, if any. IBI shall issue and deliver to Lender stock
certificates evidencing the Converted Obligations Common Stock within five
business days of IBI amending its Articles of Incorporation in order to increase
its authorized capital stock to a sufficient number of shares of common stock in
order to issue the Converted Obligations Common Stock. IBI agrees to use its
best efforts to cause such amendment to its Articles of Incorporation to occur
as soon as practicable after the effectiveness of this December 2001 Amendment.

                      G. Cancellation of Portion of Obligations under Agreement.
Lender and Borrower hereby agree to cancel the Past Due Contingent Obligations
(as Agreement, as amended by this December 2001 Amendment) upon IBI making the
monthly payments as provided for in Section 3.C below (the "Cancellation
Condition"). The parties agree that if the Cancellation Condition has occurred,
Lender shall cancel the Past Due Contingent Obligations effective in the quarter
ending September 30, 2002.

                      H. Amendment to Section 7.2. The first sentence of Section
7.2 of the Agreement is hereby deleted and the following substituted in lieu
thereof;

                                       3
<PAGE>

                      "Engage in any business or permit any of its Subsidiaries
                      to engage in any business, other than the business
                      currently engaged in by Borrower and any business
                      substantially similar or related thereto (or incidental
                      thereto)."

                      I. Amendment to Section 8.6. A reference in Section 8.6 to
"One Hundred Thousand Dollars ($200,000)" is hereby amended to be "Two Hundred
Thousand Dollars ($200,000)".

                2. Waiver of Defaults under Agreement. Lender hereby waives all
contained Zindart (a) existing defaults or Events of Default under the
Agreement, including, without limitation, all defaults caused by Borrower's
failure to be in compliance prior to the date hereof with the Loan and Security
Agreement among Borrower and U.S. Bank National Association, formerly known as
Santa Monica Bank, dated March 12, 1999 (as the same has been or hereafter may
be amended, the "Senior Loan Agreement"), and (b) any defaults or Events of
Default under the Agreement caused by the failure of Borrower to comply with the
financial covenants in the Senior Loan Agreement with respect to periods on and
prior to June 30, 2002. Zindart specifically consents to the Equity Financing.

                3. Conversion of Payables; Cancellation of Payables; Payment of
Payables.

                      With regard to the Past Due Payables, the parties hereto
agree as follows:

                      A. Conversion of Converted Payables. Lender and Borrower
hereby agree to exchange the Converted Payables for 634,921 shares of IBI's
common stock (the "Converted Payables Common Stock") at a price of $0.63 per
share. The Converted Payables Common Stock shall be subject to the Voting
Agreement, if any. IBI shall issue and deliver to Lender stock certificates
evidencing the Converted Payables Common Stock within five business days of IBI
amending its Articles of Incorporation in order to increase its authorized
capital stock to a sufficient number of shares of common stock in order to issue
the Converted Obligations Common Stock, IBI agrees to use its best efforts to
cause such amendment to its Articles of Incorporation to occur as soon as
practicable after the effectiveness of this December 2001 Amendment.

                      B. Cancellation of Portion of Past Due Payables. Lender
and Borrower hereby agree to cancel $400,000 of the Past Due Payables upon the
closing of the Equity Financing.

                      C. Payment Schedule for Past Due Payables. $400,000 of the
Past Due Payables shall be payable by IBI to Lender in seven equal monthly
installments of $57,143 on the last day of each month, beginning January 31,
2002.

                4. Representations and Warranties.

                      A. Representations and Warranties by the Company. The
Company hereby represents and warrants to Zindart as follows:

                                       4
<PAGE>

                             (i) The execution and delivery by IBI of this
December 2001 Amendment and the issuance and delivery of the Converted Payables
Common Stock and the Converted Obligations Common Stock have been duly
authorized by all requisite corporate action, except that the amendment to IBI's
articles necessary to authorize the increase in its common stock has not been
approved by all necessary corporate action and such amendment has not been filed
with the Secretary of State of the State of California. This December 2001
Amendment has been duly executed and delivered by IBI and constitutes the legal,
valid and binding obligation of IBI, enforceable in accordance with its terms.

                             (ii) The Converted Payables Common Stock and the
Converted Obligations Common Stock, when issued in accordance with the terms of
this Agreement, will be free and clear of all liens, charges, restrictions,
claims and encumbrances impoaws vy oe through IBT and when so issued, will be
duly authorized, validly issued, fully-paid and non-assessable shares of IBI
common stock.

                             (iii) Just prior to the "First Closing" as
contemplated under, the Equity Financing, IBI will have no more than 8,475,000
shares of Common Stock calculated on a fully diluted basis, assuming the
exercise of all options, warrants and other rights exercisable to purchase
shares of Common Stock, not counting options to purchase an aggregate of 600,000
shares which are to be issued in connection with the Equity Financing to a
director and an officer and the shares to be issued to Zindart hereunder. At the
"First Closing" of the Equity Financing, Investor is to acquire 396,825 shares
of IBI's Preferred Stock and at the "Second Closing," Investor is to acquire
1,269,841 shares of Preferred Stock, in each case each share of Preferred Stock
is convertible into two (2) share of Common Stock. As part of the Equity
Financing, Investor also has options to acquire up to 2,049,804 shares of
Preferred Stock.

                             (iv) The Company represents and warrants that a
majority of its issued and outstanding shares of Common Stock and the issued and
outstanding shares of Preferred Stock have all agreed to vote in favor of the
Company's Amended and Restated Articles of Incorporation which is necessary in
order to increase its authorized shares of Common Stock to permit the
conversions contemplated in the Agreement.

                      B. Representations and Warranties of Zindart. Zindart
hereby represents and warrants to IBI as follows:

                             (i) The execution and delivery by Zindart of this
December 2001 Amendment has been duly authorized by all requisite corporate
action. This December 2001 Amendment has been duly executed and delivered by
Zindart and constitutes the legal, valid and binding obligation of Zindart,
enforceable in accordance with its terms.

                             (ii) Zindart is an "accredited investor" within the
meaning of Rule 501 under the Securities Act of 1933, as amended (the
"Securities Act") and Zindart has sufficient knowledge and experience in
investing in companies similar to IBI so as to be able to evaluate the risks and
merits of its investment in IBI and is able financially to bear the risks
thereof.

                                       5
<PAGE>

                             (iii) Zindart has had the opportunity to discuss
IBI's business, management and affairs with IBI's management and is acquiring
the Converted Payables Common Stock and the Converted Obligations Common Stock
for its own account for the purpose of investment and not with a view to or in
connection with any distribution thereof.

                             (iv) Zindart understands that (a) the Converted
Obligations Common Stock and the Converted Payables Common Stock have not been
registered under the Securities Act pursuant to Section 4(2) thereof, (b) the
Converted Payables Common Stock and the Converted Obligations Common Stock must
be held indefinitely unless a subsequent disposition thereof is registered under
the Securities Act or is exempt from such registration, (c) the stock
certificates evidencing such shares will bear a Securities Act restrictive
legend to that effect and (iv) IBI will make a notation on its transfer books to
such effect.

                5. Miscellaneous.

                      A. This December 2001 Amendment shall be deemed effective
as of the date first hereinabove written; provided, however, that a condition
precedent t effectiveness of the obligations of the parties hereto shall be the
closing of the Equity Financing on or before January 31, 2002 and the execution
by the Company and USBank of an extension and modification agreement whereby the
due date of USBank's note is extended to December 31, 2002.

                      B. This December 2001 Amendment shall be governed by and
construed in accordance with the laws of the State of California (without regard
to its conflict of laws principles) as applied to agreements among California
residents, made and to be performed entirely within the State of California. The
parties hereto irrevocably consent to the exclusive personal jurisdiction of the
Federal and State courts located in Los Angeles County, as applicable, for any
matter arising out of or relating to this December 2001 Amendment.

                      C. The Agreement, as amended by this December 2001
Amendment, and the other documents referenced herein and delivered pursuant to
this December 2001 Amendment embody the entire agreement and understanding
between the parties hereto with respect to the subject matter hereof and
supersede all prior agreements and understandings relating to such subject
matter. Without limiting the foregoing, this December 2001 Amendment replaces
and supersedes in its entirety the letter dated November 20, 2001 between
Intervisual Partners, LLC and Zindart. Except as specifically amended herein,
the Agreement shall remain in full force and effect without any other changes,
amendments or modifications.

                      D. This December 2001 Amendment may be executed in one or
more counterparts, each of which shall be deemed to be an original, but all of
which together shall constitute one in the same instrument.

                            [signature page follows]

                                       6
<PAGE>

        IN WITNESS WHEREOF, Zindart and Borrower have executed this Decem
Amendment.

                                     INTER VISUAL BOOKS, INC.,
                                     a California corporation

                                     By:    /s/ WALDO HUNT
                                            ------------------------------------
                                     Title: Chairman of the Board
                                            ------------------------------------

                                     FAST FORWARD MARKETING, INC.,
                                     a California corporation

                                     By:    /s/ DAN P. REAVIS
                                            ------------------------------------
                                     Title: President
                                            ------------------------------------

                                     ZINDART LIMITED

                                     By:    /s/ PETER A.J. GARDINER
                                            ------------------------------------
                                     Title: Chairman
                                            ------------------------------------

The undersigned hereby executes this December 2001 Amendment for the purposes of
confirming that this December 2001 Amendment replaces and supersedes in its
entirety the letter dated November 20, 2001 between the undersigned and Zindart
Limited.

INTERVISUAL PARTNERS, LLC

By:    /s/ L. PEARLMAN
       ----------------------------------
Name:  L. Pearlman
       ----------------------------------
Title: Managing Partner
       ----------------------------------

                                       7

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