X0306 4 2013-02-27 0 0000058592 4Licensing Corp FOUR 0001347781 Foster Bruce Robert C/O 4LICENSING CORPORATION 767 THIRD AVENUE, 17TH FLOOR NEW YORK NY 10017 1 1 0 0 Interim CEO, Exec VP, & CFO Nonstatutory Stock Option (right to buy) 0.26 2013-02-27 4 A 0 83333 0 A 2013-02-27 2023-02-27 Common Stock 83333 250000 D Nonstatutory Stock Option (right to buy) 0.26 2013-02-27 4 A 0 83333 0 A 2014-02-27 2023-02-27 Common Stock 83333 250000 D Nonstatutory Stock Option (right to buy) 0.26 2013-02-27 4 A 0 83334 0 A 2015-02-27 2023-02-27 Common Stock 83334 250000 D The exercise price is the Fair Market Value of the shares of Common Stock of 4Licensing Corporation (the "Company") as of the grant date determined by the Board of Directors of the Company upon the range of bid prices for the Company's Common Stock on the OTC Pink Sheets on the grant date. The grant date of the option to purchase 250,000 shares of Common Stock of the Company is February 27, 2013. Option grants to purchase 83,333 shares of Common Stock of the Company become exercisable immediately upon the grant. Option grants to purchase 83,333 shares of Common Stock of the Company become exercisable on the first anniversary of the grant date. Option grants to purchase 83,334 shares of Common Stock of the Company become exercisable on the second anniversary of the grant date. Includes the 250,000 shares of Common Stock of the Company underlying the option granted on February 27, 2013. /s/ Bruce Foster 2013-03-01