0000058592-03-000004 Sample Contracts

Contract
Employment Agreement         agreement • August 14th, 2003 • 4 Kids Entertainment Inc • Patent owners & lessors • New York

EMPLOYMENT AGREEMENT AGREEMENT dated as of January 1, 2002 between 4Kids Entertainment Licensing, Inc. with offices at 1414 Avenue of the Americas, New York, New York 10019 (“Employer”), and Samuel R. Newborn, 1414 Avenue of the Americas, New York, New York 10019 (“Employee”). W I T N E S S E T H : WHEREAS, Employer desires to retain the services of Employee and Employee desires to be employed by Employer upon the terms and conditions hereinafter set forth; NOW, THEREFORE, in consideration of the covenants herein contained, the parties hereto agree as follows: 1. Employment and Duties. Employer hereby employs Employee and Employee hereby agrees to serve as Executive Vice-President, Business Affairs and General Counsel of 4Kids Entertainment, Inc. (“4Kids”) and subsidiaries. Employee agrees to perform such services for Employer and affiliates consistent with Employee’s positions as shall, from time to time, be assigned to Employee by the Chief Executive Officer (“CEO”), Chief Operating

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Contract
4 Kids Entertainment Inc • August 14th, 2003 • Patent owners & lessors

June 16, 2003 Norman J. Grossfeld 53 West 23rd Street, New York, New York 10010 Re: Employment Agreement Dear Mr. Grossfeld: I refer you to your Employment Agreement dated as of January 1, 2002 with 4Kids Productions, Inc. ("Employer"). This letter confirms that Employer and you have agreed to amend the Employment Agreement by deleting Subparagraph 10(f)(ii) in its entirety and substituting for such Subparagraph the following revised Subparagraph 10(f)(ii):

Contract
4 Kids Entertainment Inc • August 14th, 2003 • Patent owners & lessors

June 19, 2003 Joseph P. Garrity 1414 Avenue of the Americas New York, New York 10019 Re: Employment Agreement Dear Mr. Garrity: I refer you to your Employment Agreement dated as of January 1, 2002 with 4Kids Entertainment Licensing, Inc. ("Employer"). This letter confirms that Employer and you have agreed to amend the Employment Agreement by deleting Subparagraph 10(f)(ii) in its entirety and substituting for such Subparagraph the following revised Subparagraph 10(f)(ii):

Contract
4 Kids Entertainment Inc • August 14th, 2003 • Patent owners & lessors

June 16, 2003 Samuel R. Newborn 1414 Avenue of the Americas New York, New York 10019 Re: Employment Agreement Dear Mr. Newborn: I refer you to your Employment Agreement dated as of January 1, 2002 with 4Kids Entertainment Licensing, Inc. ("Employer"). This letter confirms that Employer and you have agreed to amend the Employment Agreement by deleting Subparagraph 10(f)(ii) in its entirety and substituting for such Subparagraph the following revised Subparagraph 10(f)(ii):

Contract
Employment Agreement         agreement • August 14th, 2003 • 4 Kids Entertainment Inc • Patent owners & lessors • New York

AMENDED AND RESTATED EMPLOYMENT AGREEMENT AGREEMENT dated as of January 1, 2002 between 4Kids Entertainment Licensing, Inc. with offices at 1414 Avenue of the Americas, New York, New York 10019 (“Employer”) and Alfred R. Kahn, 1414 Avenue of the Americas, New York, New York 10019 (“Employee”). W I T N E S S E T H : WHEREAS, Employer and Employee previously entered into an Employment Agreement dated as of March 12, 1991 (“Prior Agreement”), which Prior Agreement was amended from time to time; and WHEREAS, Employer and Employee wish to amend and restate the Prior Agreement, as amended, in the Amended and Restated Employment Agreement (the “Agreement”) set forth below. NOW, THEREFORE, in consideration of the covenants herein contained, the parties hereto agree as follows: 1. Employment and Duties. (a) Employer hereby employs Employee and Employee hereby agrees to serve as Chairman of the Board and Chief Executive Officer of Employer and Employer’s affiliate, 4Kids Entertainment Inc. (“4Ki

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