FAO SCHWARZ, INC. SECURITY AGREEMENTSecurity Agreement • May 16th, 2003 • Fao Inc • Retail-catalog & mail-order houses • New York
Contract Type FiledMay 16th, 2003 Company Industry JurisdictionThis SECURITY AGREEMENT, dated as of April 23, 2003, is made by FAO Schwarz, Inc. (fka Toy Soldier, Inc.), a Delaware corporation (“Grantor”), in favor of KBB Retail Assets Corp. (fka F.A.O. Schwarz), a New York corporation (the “Subordinated Secured Party”), the holder of that certain Subordinated Note (the “Subordinated Note”) issued by Grantor pursuant to the Plan (as defined below) to Subordinated Secured Party, with reference to the following facts:
FAO, INC. SECURITY AGREEMENTSecurity Agreement • May 16th, 2003 • Fao Inc • Retail-catalog & mail-order houses • New York
Contract Type FiledMay 16th, 2003 Company Industry JurisdictionThis SECURITY AGREEMENT, dated as of April 23, 2003, is made by FAO, Inc. (fka The Right Start, Inc.), a Delaware corporation (“Grantor”), in favor of KBB Retail Assets Corp. (fka F.A.O. Schwarz), a New York corporation (the “Subordinated Secured Party”), the holder of that certain Subordinated Note (the “Subordinated Note”) issued by Grantor pursuant to the Plan (as defined below) to Subordinated Secured Party and guaranteed by Grantor, with reference to the following facts: