EXHIBIT 10.2
AMENDMENT TO LETTER AGREEMENT
APRIL 13, 1998
WHEREAS, The Right Start, Inc. (the "Company"), ARBCO Associates, L.P.,
Xxxxx Xxxxxxxx Non-Traditional Investments, L.P., Xxxxx Xxxxxxxx Offshore
Limited, Offense Group Associates, L.P. and Opportunity Associates, L.P.,
(collectively, the "Purchasers"), and Strategic Associates, L.P., Xxxxxx Xxxxxxx
Strategic Partners Fund, L.P., ARBCO Associates, L.P., Xxxxx Xxxxxxxx Non-
Traditional Investments, L.P., Xxxxx Xxxxxxxx Offshore Limited, Offense Group
Associates, L.P. Opportunity Associates, L.P., Xxxx Xxxxx, an individual, Xxxxxx
X. Xxxx & Company Money Purchase Plan, Xxxxxxx Xxxxxxx, an individual, and The
Travelers Indemnity Company (collectively, the "Existing Securityholders" and
together with the Company and the Purchasers, collectively, the "Letter
Agreement Parties") have entered into a Letter Agreement dated as of April 6,
1998 (the "Letter Agreement"; capitalized words used herein and not otherwise
defined have the meaning ascribed to them in the Letter Agreement); and
WHEREAS, Xxxx Xxxxx desires to buy and the Company desires to sell, for a
purchase price of $350,000, additional New Notes in the principal amount of
$350,000 and additional New Warrants to purchase 350,000 shares of the Company's
common stock, on the same terms and conditions as set forth in the Letter
Agreement, bringing the aggregate total offering amount of the New Securities to
$3,850,000;
NOW THEREFOR IN CONSIDERATION OF THE FOREGOING, the Letter Agreement
Parties hereby amend the Letter Agreement as follows:
1. The term "Purchasers" shall include Xxxx Xxxxx, an individual, as a
Purchaser of the New Securities on the same terms and conditions set forth
in the Letter Agreement.
2. The aggregate purchase price of the New Notes shall be $3,850,000.
3. The aggregate principal amount of the New Notes shall be $3,850,000.
4. The aggregate principal amount of the New Warrants shall be 3,850,000.
5. The Schedule of Purchasers set forth on Schedule I to the Letter
Agreement shall be amended to include Xxxx Xxxxx as an additional Purchaser
of $350,000 of New Notes and to change the total amount of New Notes
purchased to $3,850,000.
Except to the extent set forth above, the Letter Agreement shall continue
in full force and effect, and the Existing Securityholders that opted to
purchase New Securities pursuant to Section 1(c) of the Letter Agreement shall
continue to be obligated to so purchase such New Securities. This Amendment to
the Letter Agreement shall be subject to the same terms and provisions as set
forth in the Letter Agreement and may be executed in any number of counterparts,
each of which shall be an original and all of which, when taken together, shall
constitute one and the same instrument.
THE RIGHT START, INC.
By: /s/ Xxxx Xxxxxx
_________________________
Xxxx Xxxxxx
Chief Financial Officer and Vice
President of Finance and Administration
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AGREED TO AND ACCEPTED AS OF THE DATE FIRST SET FORTH ABOVE
ARBCO ASSOCIATES, L.P.
By: /s/ Xxxxx Xxxxxxxxxx
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Name:
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Title:
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XXXXX XXXXXXXX NON-TRADITIONAL
INVESTMENTS, L.P.
By: /s/ Xxxxx Xxxxxxxxxx
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Name:
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Title:
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XXXXX XXXXXXXX OFFSHORE LIMITED
By: /s/ Xxxxxxx X. Xxxxxx
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Name:
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Title:
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OFFENSE GROUP ASSOCIATES, L.P.
By: /s/ Xxxxx Xxxxxxxxxx
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Name:
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Title:
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OPPORTUNITY ASSOCIATES, L.P.
By: /s/ Xxxxx Xxxxxxxxxx
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Name:
--------------------
Title:
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STRATEGIC ASSOCIATES, L.P.
By: /s/ Xxxxx X. Xxxxxxx
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Name: Xxxxx X. Xxxxxxx
--------------------
Title: General Partner
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XXXXXX XXXXXXX STRATEGIC PARTNERS
FUND, L.P.
By: /s/ Xxxxx X. Xxxxxxx
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Name: Xxxxx X. Xxxxxxx
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Title: General Partner
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XXXX XXXXX
By: /s/ Xxxx Xxxxx
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Name:
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Title:
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XXXXXX X. XXXX & COMPANY MONEY
PURCHASE PLAN
By: /s/ Xxxxxx X. Xxxx
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Name: Xxxxxx X. Xxxx
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Title: Trustee
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XXXXXXX XXXXXXX
By: /s/ Xxxxxxx Xxxxxxx
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Name:
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Title:
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THE TRAVELERS INDEMNITY COMPANY
By: /s/ Xxxxxx X. Xxxxx
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Name: Xxxxxx X. Xxxxx
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Title: Sr. V.P.
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