Document:

<PAGE>

                                                                    EXHIBIT 10.2

                                        AMENDMENT NO. 4 dated as of May 15th ,
                                        2002 to the Credit, Security, Guaranty
                                        and Pledge Agreement dated as of August
                                        31, 2001 as amended as of December 14,
                                        2001, December 31, 2001 and March 29,
                                        2002, among Crown Media Holdings, Inc.
                                        (the "Borrower"), the Guarantors named
                                        therein, the Lenders referred to therein
                                        and JPMorgan Chase Bank (formerly known
                                        as The Chase Manhattan Bank), as
                                        Administrative Agent and as Issuing Bank
                                        for the Lenders (the "Agent") (the
                                        "Credit Agreement").

                             INTRODUCTORY STATEMENT

         WHEREAS, the Lenders have made available to the Borrower a credit
facility pursuant to the terms of the Credit Agreement.

         WHEREAS, the Borrower has requested certain amendments to the Credit
Agreement and the Lenders and the Agent have agreed to such amendments, all on
the terms and subject to the conditions hereinafter set forth.

         NOW THEREFORE, the parties hereto hereby agree as follows:

         Section 1. Defined Terms. Capitalized terms used herein and not
otherwise defined herein shall have the meaning given them in the Credit
Agreement.

         Section 2. Amendments to the Credit Agreement. Subject to the
satisfaction of the conditions precedent set forth in Section 4 hereof, the
Credit Agreement is hereby amended as of the Effective Date (as hereinafter
defined) as follows:

                  (A) The definition of "Net Worth" is hereby amended to read in
its entirety as follows:

                  "'Net Worth' shall mean, at the date of determination and
         without duplication, the amount of total stockholders' equity
         (including capital stock and retained earnings less any Redeemable
         Stock and deficit) of the Borrower and its Consolidated Subsidiaries.
         Notwithstanding the foregoing, Net Worth shall include, without double
         counting, (i) the net proceeds realized from the sale of the portion of
         Trust Preferred Securities included in the audited consolidated
         financial statements of the Borrower under the caption "Guaranteed
         Preferred Beneficial Interest in Crown Media Trust's Debentures" and
         (ii) the preferred shares of the Borrower held by National Interfaith
         Cable Coalition included in the audited consolidated financial
         statements of the Borrower under the caption "Minority Interests" in an
         amount not to exceed $25 million."

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                  (B) Article 1 of the Credit Agreement is hereby amended by
adding the following definition in the appropriate alphabetical sequence:

                  "'Redeemable Stock' shall mean any equity interest of the
         Borrower or any of its Consolidated Subsidiaries that by its terms or
         otherwise is required to be redeemed or is redeemable at the option of
         the holder thereof or of any third party other than the Borrower or one
         of its Consolidated Subsidiaries."

                  (C) Section 6.24 of the Credit Agreement is hereby amended by
(i) adding the word "gross" before the words "Subscriber revenue" appearing in
clause (iii) thereof and (ii) by amending clause 6.24(iii)(v) to read: "(v) for
fiscal year 2002, $19,500,000 for each quarter thereof."

         Section 3. Consent. The Borrower has requested that the Agent and the
Lenders consent to a waiver of compliance by the Borrower of the portion of
Section 6.24(iii)(v) relating to Subscriber revenue for the first quarter of
fiscal year 2002 of the Credit Agreement. At the request of the Borrower, each
Lender by its signature hereto hereby consents to Subscriber revenues for the
first quarter of fiscal year 2002 being not less than $19,500,000.

         Section 4. Conditions to Effectiveness. The effectiveness of this
Amendment is subject to the satisfaction in full of each of the conditions
precedent set forth in this Section 4 (the date on which all such conditions
have been satisfied being herein called the "Effective Date"):

                  (A) the Agent shall have received counterparts of this
Amendment which, when taken together, bear the signatures of the Borrower, each
Guarantor, the Agent and the Required Lenders.

         Section 5. Representations and Warranties of the Credit Parties. Each
Credit Party represents and warrants that:

                  (A) after giving effect to this Amendment, the representations
and warranties contained in the Credit Agreement are true and correct in all
material respects on and as of the date hereof as if such representations and
warranties had been made on and as of the date hereof (except to the extent that
any such representations and warranties specifically relate to an earlier date);
and

                  (B) after giving effect to this Amendment, no Event of Default
or Default will have occurred and be continuing on and as of the date hereof.

         Section 6. Further Assurances. At any time and from time to time, upon
the Agent's request and at the sole expense of the Credit Parties, each Credit
Party will promptly and duly execute and deliver any and all further instruments
and documents and take such further action as the Agent reasonably deems
necessary to effect the purposes of this Amendment.

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         Section 7. Fundamental Documents. This Amendment is designated a
Fundamental Document by the Agent.

         Section 8. Full Force and Effect. Except as expressly amended hereby,
the Credit Agreement and the other Fundamental Documents shall continue in full
force and effect in accordance with the provisions thereof on the date hereof.
As used in the Credit Agreement, the terms "Agreement", "this Agreement",
"herein", "hereafter", "hereto", "hereof", and words of similar import, shall,
unless the context otherwise requires, mean the Credit Agreement as amended by
this Amendment.

         Section 9. APPLICABLE LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

         Section 10. Counterparts. This Amendment may be executed in two or more
counterparts, each of which shall constitute an original, but all of which when
taken together shall constitute but one instrument.

         Section 11. Expenses. The Borrower agrees to pay all out-of-pocket
expenses incurred by the Agent in connection with the preparation, execution and
delivery of this Amendment, including, but not limited to, the reasonable fees
and disbursements of counsel for the Agent.

         Section 12. Headings. The headings of this Amendment are for the
purposes of reference only and shall not affect the construction of or be taken
into consideration in interpreting this Amendment.

                                       3
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         IN WITNESS WHEREOF, the parties hereby have caused this Amendment to be
duly executed as of the date first written above.

                                    BORROWER:

                                    CROWN MEDIA HOLDINGS, INC.

                                    By /s/  C. Stanford
                                       ----------------------------------------
                                         Name: C. Stanford
                                         Title: Executive Vice President

                                    GUARANTORS:

                                    CM INTERMEDIARY, LLC
                                    CROWN MEDIA INTERNATIONAL, LLC
                                    CROWN MEDIA INTERNATIONAL (SINGAPORE) INC.
                                    CROWN ENTERTAINMENT LIMITED
                                    CROWN MEDIA DISTRIBUTION, LLC
                                    CROWN MEDIA INTERNATIONAL (HK)
                                         LIMITED
                                    HEN, LLC
                                    HEN (L) LTD.
                                    HM HOLDINGS OF DELAWARE LLC
                                    CROWN MEDIA UNITED STATES, LLC
                                    HM INTERMEDIARY LLC
                                    CITI TEEVEE, LLC
                                    DOONE CITY PICTURES, LLC
                                    HALLMARK INDIA PRIVATE LIMITED

                                    By: /s/ C. Stanford
                                        ---------------------------------------
                                         Name: C. Stanford
                                         Title: VP

                                       4
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                                    LENDERS:

                                    JPMORGAN CHASE BANK (f/k/a
                                    The Chase Manhattan Bank),
                                    individually and as Issuing
                                    Bank and Agent

                                    By /s/ Dennis Heffernan
                                       ---------------------------------------
                                       Name: Dennis Heffernan
                                       Title: Vice President

                                    BANK OF AMERICA, N. A.

                                    By /s/ Steven P. Renwick
                                       ---------------------------------------
                                       Name: Steven P. Renwick
                                       Title: Principal

                                    CREDIT SUISSE FIRST BOSTON

                                    By /s/ Jay Chall
                                       ---------------------------------------
                                       Name: Jay Chall
                                       Title: Director

                                    By /s/ Jeffrey Bernstein
                                       ---------------------------------------
                                       Name: Jeffrey Bernstein
                                       Title: Vice President

                                    CITICORP USA, INC.

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                       5
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                              DEUTSCHE BANK AG NEW YORK BRANCH

                              By
                                 ---------------------------------------------
                                 Name:
                                 Title:

                              By
                                 ---------------------------------------------
                                 Name:
                                 Title:

                              ROYAL BANK OF CANADA

                              By /s/ Barbara Meijer
                                 ---------------------------------------------
                                 Name: Barbara Meijer
                                 Title: Managing Director

                              ABN AMRO BANK N.V.

                              By
                                 ---------------------------------------------
                                 Name:
                                 Title:

                              By
                                 ---------------------------------------------
                                 Name:
                                 Title:

                              BANK ONE, NA (Main Office Chicago)

                              By /s/ Susan Ergastolo
                                 ---------------------------------------------
                                 Name: Susan Ergastolo
                                 Title: Vice President

                                       6
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                              WESTDEUTSCHE LANDESBANK GIROZENTRALE,
                              NEW YORK BRANCH

                              By
                                 ---------------------------------------------
                                 Name:
                                 Title:

                              By
                                 ---------------------------------------------
                                 Name:
                                 Title:

                                       7<PAGE>
                                                                    EXHIBIT 10.1

                         MANAGEMENT STABILITY AGREEMENT

         This Management Stability Agreement is dated January 24, 2002, between
Tesoro Petroleum Corporation, a Delaware corporation (the "Company"), and G.
Scott Spendlove ("Employee").

                                    Recitals:

         WHEREAS, the Board of Directors of the Company has determined that it
is in the best interest of the Company to reduce uncertainty to certain key
employees of the Company in the event of certain fundamental events involving
the control or existence of the Company;

         WHEREAS, the Board of Directors of the Company has determined that an
agreement protecting certain interests of key employees of the Company in the
event of certain fundamental events involving the control or existence of the
Company is in the best interest of the Company because it will assist the
Company in attracting and retaining key employees such as this Employee; and

         WHEREAS, the Employee is relying on this Agreement and the obligations
of the Company hereunder in continuing to work for the Company.

         NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS:

1.       Termination Following Change of Control.

         Should Employee at any time within two years of a change of control
cease to be an employee of the Company (or its successor), by reason of (i)
involuntary termination by the Company (or its successor) other than for "cause"
(following a change of control), "cause" shall be limited to the conviction of
or a plea of nolo contendere to the charge of a felony (which, through lapse of
time or otherwise, is not subject to appeal), a material breach of fiduciary
duty to the Company through the misappropriation of Company funds or property)
or (ii) voluntary termination by Employee for "good reason upon change of
control" (as defined below), the Company (or its successor) shall pay to
Employee within ten days of such termination the following severance payments
and benefits:

                  (a) A lump-sum payment equal to two times the base salary of
                  the Employee at the then current rate; and

                  (b) A lump-sum payment equal to (i) two times the sum of the
                  target bonuses under all of the Company's incentive bonus
                  plans applicable to the Employee for the year in which the
                  termination occurs or the year in which the change of control
                  occurred, whichever is greater, and (ii) if termination occurs
                  in the fourth quarter of a calendar year, the sum of the
                  target bonuses under all of the Company's incentive bonus
                  plans applicable to Employee for the year in which the
                  termination

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                  occurs prorated daily based on the number of days from the
                  beginning of the calendar year in which the termination occurs
                  to and including the date of termination.

The Company (or its successor) shall also provide continuing coverage and
benefits comparable to all life, health and disability plans of the Company for
a period of 24 months from the date of termination, and Employee shall receive
two years additional service credit under the current non-qualified supplemental
pension plans, or successors thereto, of the Company applicable to the Employee
on the date of termination.

                           For purposes of this Agreement, a "change of control"
                  shall be deemed to have occurred if (i) there shall be
                  consummated (A) any consolidation or merger of the Company in
                  which the Company is not the continuing or surviving
                  corporation or pursuant to which shares of the Company's
                  Common Stock would be converted into cash, securities or other
                  property, other than a merger of the Company where a majority
                  of the Board of Directors of the surviving corporation are,
                  and for a two year period after the merger continue to be,
                  persons who were directors of the Company immediately prior to
                  the merger or were elected as directors, or nominated for
                  election as directors, by a vote of at least two-thirds of the
                  directors then still in office who were directors of the
                  Company immediately prior to the merger, or (B) any sale,
                  lease, exchange or transfer (in one transaction or a series of
                  related transactions) of all or substantially all of the
                  assets of the Company, or (ii) the shareholders of the Company
                  shall approve any plan or proposal for the liquidation or
                  dissolution of the Company, or (iii) (A) any "person" (as such
                  term is used in Sections 13(d) and 14(d)(2) of the Securities
                  Exchange Act of 1934, as amended (the "Exchange Act"), other
                  than the Company or a subsidiary thereof or any employee
                  benefit plan sponsored by the Company or a subsidiary thereof,
                  shall become the beneficial owner (within the meaning of Rule
                  13d-3 under the Exchange Act) of securities of the Company
                  representing 20 percent or more of the combined voting power
                  of the Company's then outstanding securities ordinarily (and
                  apart from rights accruing in special circumstances) having
                  the right to vote in the election of directors, as a result of
                  a tender or exchange offer, open market purchases, privately
                  negotiated purchases or otherwise, and (B) at any time during
                  a period of one year thereafter, individuals who immediately
                  prior to the beginning of such period constituted the Board of
                  Directors of the Company shall cease for any reason to
                  constitute at least a majority thereof, unless the election or
                  the nomination by the Board of Directors for election by the
                  Company's shareholders of each new director during such

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                  period was approved by a vote of at least two-thirds of the
                  directors then still in office who were directors at the
                  beginning of such period.

                  For purposes of this Section 1, "good reason upon change of
                  control" shall exist if any of the following occurs:

                  (i) without Employee's express written consent, the assignment
                  to Employee of any duties inconsistent with the employment of
                  Employee immediately prior to the change of control, or a
                  significant diminution of Employee's positions, duties,
                  responsibilities and status with the Company from those
                  immediately prior to a change of control or a diminution in
                  Employee's titles or offices as in effect immediately prior to
                  a change of control, or any removal of Employee from, or any
                  failure to reelect Employee to, any of such positions;

                  (ii) a reduction by the Company in Employee's base salary in
                  effect immediately prior to a change of control;

                  (iii) the failure by the Company to continue in effect any
                  thrift, stock ownership, pension, life insurance, health,
                  dental and accident or disability plan in which Employee is
                  participating or is eligible to participate at the time of the
                  change of control (or plans providing Employee with
                  substantially similar benefits), except as otherwise required
                  by the terms of such plans as in effect at the time of any
                  change of control or the taking of any action by the Company
                  which would adversely affect Employee's participation in or
                  materially reduce Employee's benefits under any of such plans
                  or deprive Employee of any material fringe benefits enjoyed by
                  Employee at the time of the change of control or the failure
                  by the Company to provide the Employee with the number of paid
                  vacation days to which Employee is entitled in accordance with
                  the vacation policies of the Company in effect at the time of
                  a change of control;

                  (iv) the failure by the Company to continue in effect any
                  incentive plan or arrangement (including without limitation,
                  the Company's Incentive Compensation Plan and similar
                  incentive compensation benefits) in which Employee is
                  participating at the time of a change of control (or to
                  substitute and continue other plans or arrangements providing
                  the Employee with substantially similar benefits), except as
                  otherwise required by the terms of such plans as in effect at
                  the time of any change of control;

                  (v) the failure by the Company to continue in effect any plan
                  or arrangement with respect to securities of the Company
                  (including, without

                                     Page 3
<PAGE>
                  limitation, any plan or arrangement to receive and exercise
                  stock options, stock appreciation rights, restricted stock or
                  grants thereof or to acquire stock or other securities of the
                  Company) in which Employee is participating at the time of a
                  change of control (or to substitute and continue plans or
                  arrangements providing the Employee with substantially similar
                  benefits), except as otherwise required by the terms of such
                  plans as in effect at the time of any change of control or the
                  taking of any action by the Company which would adversely
                  affect Employee's participation in or materially reduce
                  Employee's benefits under any such plan;

                  (vi) the relocation of the Company's principal executive
                  offices to a location outside the San Antonio, Texas, area, or
                  the Company's requiring Employee to be based anywhere other
                  than at the location of the Company's principal executive
                  offices, except for required travel on the Company's business
                  to an extent substantially consistent with Employee's present
                  business travel obligations, or, in the event Employee
                  consents to any such relocation of the Company's principal
                  executive or divisional offices, the failure by the Company to
                  pay (or reimburse Employee for) all reasonable moving expenses
                  incurred by Employee relating to a change of Employee's
                  principal residence in connection with such relocation and to
                  indemnify Employee against any loss (defined as the difference
                  between the actual sale price of such residence and the higher
                  of (a) Employee's aggregate investment in such residence or
                  (b) the fair market value thereof as determined by a real
                  estate appraiser reasonably satisfactory to both Employee and
                  the Company at the time the Employee's principal residence is
                  offered for sale in connection with any such change of
                  residence;

                  (vii) any failure by the Company to obtain the assumption of
                  this Agreement by any successor or assign of the Company;

         In the event of a change of control as "change of control" is defined
in any stock option plan or stock option agreement pursuant to which the
Employee holds options to purchase common stock of the Company, Employee shall
retain the rights to all accelerated vesting and other benefits under the terms
thereof.

         The Company shall pay any attorney fees incurred by Employee in
reasonably seeking to enforce the terms of this Paragraph 1.

2.       Complete Agreement.

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         This Agreement constitutes the entire agreement between the parties and
cancels and supersedes all other agreements between the parties which may have
related to the subject matter contained in this Agreement.

3.       Modification; Amendment; Waiver.

         No modification, amendment or waiver of any provisions of this
Agreement shall be effective unless approved in writing by both parties. The
failure at any time to enforce any of the provisions of this Agreement shall in
no way be construed as a waiver of such provisions and shall not affect the
right of either party thereafter to enforce each and every provision hereof in
accordance with its terms.

4.       Governing Law; Jurisdiction.

         This Agreement and performance under it, and all proceedings that may
ensue from its breach, shall be construed in accordance with and under the laws
of the State of Texas.

5.       Severability.

         Whenever possible, each provision of this Agreement shall be
interpreted in such manner as to be effective and valid under applicable law,
but if any provision of this Agreement shall be held to be prohibited by or
invalid under applicable law, such provision shall be ineffective only to the
extent of such prohibition or invalidity, without invalidating the remainder of
such provision or the remaining provisions of this Agreement.

6.       Assignment.

         The rights and obligations of the parties under this Agreement shall be
binding upon and inure to the benefit of their respective successors, assigns,
executors, administrators and heirs, provided, however, that the Company may not
assign any duties under this Agreement without the prior written consent of the
Employee.

7.       Limitation.

         This Agreement shall not confer any right or impose any obligation on
the Company to continue the employment of Employee in any capacity, or limit the
right of the Company or Employee to terminate Employee's employment.

8.       Notices.

         All notices and other communications under this Agreement shall be in
writing and shall be given in person or by telegraph, facsimile or first class
mail, certified or registered with return receipt requested, and shall be deemed
to have been duly given when delivered personally or three days after mailing or
one

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<PAGE>
day after transmission of a telegram or facsimile, as the case may be, to
the representative persons named below:

         If to the Company:            Corporate Secretary
                                       Tesoro Petroleum Corporation
                                       300 Concord Plaza Drive
                                       San Antonio, Texas  78216-6999

         If to the Employee:           G. Scott Spendlove
                                       29523 Fairway Bluff
                                       Fair Oaks Ranch, Texas 78015

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

                         COMPANY:   TESORO PETROLEUM CORPORATION

                                    By  /s/ BRUCE A. SMITH
                                       ----------------------------------------
                                       Bruce A. Smith
                                       Chairman of the Board of Directors,
                                       President and Chief Executive Officer

                         EMPLOYEE:      /s/ G. SCOTT SPENDLOVE
                                       ----------------------------------------
                                       G. Scott Spendlove

                                     Page 6

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