Employment Agreement - Tiger Electronics Ltd., Hasbro Inc. and Brian Goldner


                   EMPLOYMENT AGREEMENT

This EMPLOYMENT AGREEMENT (the "Agreement") is effective as of 
March 18, 2000, by and between Tiger Electronics, Ltd., a 
Delaware corporation with a principal place of business at 980 
Woodlands Parkway, Vernon Hills, IL  60061-3103 ("Tiger"), 
Hasbro, Inc., a Rhode Island corporation with a principal place 
of business at 1027 Newport Avenue, Pawtucket, RI  02862 
("Hasbro"), and Brian Goldner, an individual with a residence at 
3104 Laurel Avenue, Manhattan Beach, CA  90266 (the "Employee"). 

WHEREAS, Tiger desires to employ Employee; and 

WHEREAS, Employee desires to be employed by Tiger; 

NOW, THEREFORE, in consideration of the mutual covenants and 
promises contained herein, and other good and valuable 
consideration, the receipt and sufficiency of which are hereby 
acknowledged, the parties hereto agree as follows: 
  1.   Term of Employment.  Tiger hereby agrees to employ 
Employee and Employee hereby accepts employment with Tiger for 
the period commencing on or about March 18, 2000 (the 
"Commencement Date") and ending on March 17, 2003, (the "Term") 
unless otherwise terminated in accordance with the provisions of 
Section 4.  The Term shall be extended by mutual agreement.
  2.   Title; Reporting Employee.  Employee shall serve as Chief 
Operating Officer of Tiger until January 1, 2001, at which time 
Tiger shall elect Employee to the position of President and 
Chief Operating Officer of Tiger. .  In accepting such 
employment, Employee agrees to undertake the duties and 
responsibilities described herein and such other duties and 
responsibilities as are assigned to Employee.  Employee agrees 
to devote his entire business time, attention and energies to 
the business and interests of Tiger during the Term.  Employee 
agrees to comply with all Tiger and applicable Hasbro policies 
that are in effect during the Term. 
  3.   Compensation and Benefits. 
   3.1  Salary.  Tiger shall pay to Employee, an annual base 
salary of Five Hundred Thousand Dollars ($500,000) in biweekly 
installments, less all applicable taxes and withholdings.  
Provided Employee remains employed by Tiger in the capacity 
noted in 2, above, Employee's salary shall be adjusted to Five 
Hundred Twenty Five Thousand Dollars ($525,000) on or about 
March 19, 2001 and to Five Hundred Fifty Thousand Dollars 
($550,000) on or about March 19, 2002.
   3.2  Sign-On Bonus.  Employee will receive a sign-on bonus of 
Two Hundred Fifty Thousand Dollars ($250,000), payable in two 
equal installments.  The first installment shall be paid to 
Employee as soon as practicable after March 18, 2000 and the 
second installment shall be paid to Employee as soon as 
practicable after March 18, 2001.  If Employee (i) voluntarily 
leaves the employ of Tiger or (ii) is terminated by Tiger 
pursuant to Paragraph 4.1 below, prior to March 18, 2001, 
Employee shall repay the entire first installment of such sign-
on bonus to Tiger on the date Employee terminates his employment 
with Tiger.  If Employee (i) voluntarily leaves the employ of 
Tiger or (ii) is terminated by Tiger pursuant to Paragraph 4.1 
below, prior to March 18, 2002, Employee shall repay the entire 
second installment of such sign-on bonus to Tiger on the date 
Employee terminates his employment with Tiger.  Employee shall 
be entitled to retain any bonus previously paid if Employee's 
termination is for any reason other that Employee voluntarily 
leaving the employ of Tiger or Employee is terminated pursuant 
to Paragraph 4.1.   
   3.3  Management Incentive Plan Bonus.  
    (a) During the Term, Employee will be eligible to receive a  
Management Incentive Plan bonus based on a target of fifty 
percent (50%) of Employee's earned base salary for the incentive 
year.  Actual bonus awards may vary depending on Tiger, Hasbro 
or Employee's performance and are discretionary.  
    (b) Notwithstanding the foregoing, Employee will receive, at 
the time Management Incentive Plan Bonuses are customarily paid 
by Tiger, a minimum Management Incentive Plan Bonus for calendar 
year 2000 of Two Hundred Fifty Thousand Dollars ($250,000) (the 
"2000 MIP Bonus").  If Employee terminates his employment 
pursuant to Paragraph 4.5 below prior to March 18, 2001, no 2000 
MIP Bonus shall be payable to Employee.  If Employee terminates  
his employment pursuant to Paragraph 4.5 below between March 19, 
2001 and March 18, 2002, Employee shall repay Tiger two-thirds 
(2/3) of the 2000 MIP Bonus paid.  If Employee terminates his 
employment pursuant to Paragraph 4.5 below between March 19, 
2002 and March 18, 2003, Employee shall repay Tiger one-third 
(1/3) of the 2000 MIP Bonus paid.  All repayments of the 2000 
MIP Bonus shall be made on the date Employee terminates his 
employment with Tiger.  Employee shall be entitled to retain any 
of the 2000 MIP Bonus if termination is for any reason other 
than pursuant to Paragraph 4.1 or 4.5 below.
   3.4  Stock Option and Restricted Stock Grants.  
    (a) Prior to March 18, 2000, Hasbro agrees to obtain the 
approval of the Hasbro Compensation and Stock Option Committee 
to grant Employee a non-qualified stock option for the purchase 
of 50,000 shares of common stock of Hasbro.  Such option shall 
have an exercise price equal to the mean of the high and low 
prices of the shares on March 20, 2000 and shall vest in three 
equal annual installments commencing March 18, 2001.  Such 
option shall be granted pursuant to Hasbro's standard form of 
Stock Option Agreement, as modified to reflect the last sentence 
of Section 5.3 below.
    (b) Prior to March 18, 2000, Hasbro agrees to obtain the 
approval of the Hasbro Compensation and Stock Option Committee 
to grant Employee a non-qualified stock option grant for the 
purchase of 100,000 shares of common stock of Hasbro.  Such 
option shall have an exercise price equal to ten percent (10%) 
higher than the mean of the high and low prices of the shares on 
March 20, 2000 Such options shall vest in five equal annual 
installments commencing March 18, 2001.  Such option shall be 
granted pursuant to Hasbro's standard form of Stock Option 
Agreement. for premium priced options, as modified to reflect 
the last sentence of Section 5.3 below.
    (c) Prior to March 18, 2000, Hasbro agrees to obtain the 
approval of the Hasbro Compensation and Stock Option Committee 
to grant Employee 61,000 restricted shares of Hasbro common 
stock, to be awarded to Employee on March 18, 2000. Such 
restricted shares shall vest in one installment on March 18, 
2003 and certificate(s) for such restricted shares shall be held 
in escrow and shall contain legends, which indicate the shares 
are subject to forfeiture and transfer restrictions.  The grant 
of restricted shares of common stock shall be granted pursuant 
to Hasbro's standard form of Restricted Stock Agreement.
    (d) Fringe Benefits.  Employee shall be entitled to 
participate in benefit programs that Tiger establishes and makes 
available to its senior officers to the extent that Employee's 
position, tenure, salary and other qualifications make Employee 
eligible to participate, including but not limited to Tiger's 
group life insurance, short and long term disability insurance, 
medical, dental, pension, 401(k) savings,  stock incentive 
programs and deferred compensation programs for salaried 
employees, as in effect from time-to-time.  Employee shall be 
entitled to 4 weeks paid vacation per year, in accordance with 
Tiger's vacation policy and to be taken at a mutually agreeable 
time.  
   3.5  Air Travel.  All air travel by Employee for business or 
relocation purposes shall be at business class level and if 
business class is not available, first class provided that first 
class is approved by Employee's immediate supervisor. 
   3.6  Company Car Allowance/Lease.  During the Term of the 
Agreement, Employee shall receive, at Employee's option, a 
monthly car allowance of Eight Hundred Sixty Dollars ($860.00) 
or the equivalent in an automobile leased by Tiger for Employee.
   3.7  Relocation.  Employee shall be entitled to relocation 
assistance pursuant to Hasbro's Relocation Expenses for 
Transferred Employees and Executive New Hires (the "Relocation 
Policy"), a copy of which Employee acknowledges he has received 
and reviewed.  Tiger and the Employee agree that Sections 2.4, 
4.2, 9.2, 9.3 and 11 of the Relocation Policy shall not apply; 
however, Employee agrees that Employee will use reasonable 
efforts to relocate to the Vernon Hills, Illinois area within 
six (6) months from commencing employment.  Tiger and Employee 
further agree:  (a) that Section 5.1 of the Relocation Policy is 
amended to provide Employee with suitable housing at Tiger's 
expense for up to six (6) months; (b) Section 6.2 of the 
Relocation Policy shall be construed to mean that insurance on 
household goods will be for full replacement value; and (c) 
Section 7.1 of the Relocation Policy will be modified such that 
the miscellaneous expenses maximum shall be Ten Thousand Dollars 
($10,000).
   3.8  Change of Control Agreement.  Hasbro and the Employee 
shall enter into Hasbro's standard form of Change of Control 
Agreement as amended. 
  4.  Employment Termination.  Employee's employment by Tiger 
pursuant to this Agreement shall terminate upon the occurrence 
of any of the following:
   4.1  At the election of Tiger, for cause, immediately upon 
written notice to Employee by Tiger.  For the purposes of this 
Section 4.1, for cause termination shall be deemed to exist upon 
(a)  Employee's material failure to perform (i) Employee's 
assigned duties for Tiger; or (ii) Employee's obligations under 
this Agreement; (b) conduct of the Employee involving fraud, 
gross negligence or willful misconduct or other action which 
damages the reputation of Tiger or Hasbro;  (c) Employee's 
indictment for or conviction of, or the entry of a pleading of 
guilty or nolo contendere by Employee to, any crime involving 
moral turpitude or any felony; (d) Employee's fraud, 
embezzlement or other intentional misappropriation from Tiger or 
Hasbro; or (e) Employee's material breach of any material 
policies, rules or regulations of employment which may be 
adopted or amended from time to time by Tiger or Hasbro.  Tiger 
shall provide Employee in writing of any alleged violation of 
(a) or (b) above, after which Employee shall have thirty (30) 
days to cure such violation.
   4.2  Thirty days after Employee's death or disability.  As 
used in this Agreement, the term "disability" shall mean 
Employee's inability, due to a physical or mental disability, 
for a period of 180 consecutive days, to perform the services 
contemplated under this Agreement, with or without reasonable 
accommodation.  A determination of disability shall be made by a 
physician satisfactory to both Employee and Tiger, provided that 
if Employee and Tiger do not agree on a physician, Employee and 
Tiger shall each select a physician and these two together shall 
select a third physician, whose determination as to disability 
shall be binding on all parties.
   4.3  At the election of Tiger without cause and not because 
of a "Change of Control." 
   4.4  At Employee's election for "good reason", defined as the 
failure of Tiger to elect Employee to the position of President 
and Chief Operating Officer on or about January 1, 2001. 
   4.5  At Employee's election without cause or good reason, as 
defined above, upon not less than thirty (30) days notice.

  5.  Effect of Termination.
   5.1  Termination for Cause or at Employee's Election.  In the 
event Employee's employment is terminated for cause pursuant to 
Section 4.1 or at Employee's election pursuant to  Section 4.5, 
Tiger shall pay Employee the compensation and benefits otherwise 
payable to Employee under Section 3 through the last day of 
Employee's actual employment by Tiger.  
   5.2  Termination for Death or Disability.  If Employee's 
employment is terminated by death or because of disability 
pursuant to Section 4.2, Tiger shall pay to Employee's estate or 
to Employee, as the case may be, the compensation which would 
otherwise be payable to Employee up to the end of the month in 
which the termination of Employee's employment because of death 
or disability occurs.  All stock options and restricted stock 
granted to Employee shall vest and be exercisable in accordance 
with the relevant agreements and plans.  
   5.3  Termination at the Election of Tiger or for Good Reason.  
If Employee's employment is terminated at the election of Tiger 
pursuant to Section 4.3 or at Employee's election for "good 
reason" as defined in Section 4.4, and provided Employee 
executes a full and complete release in a form prepared by 
Tiger, then Employee shall be entitled to the greater of 
Employee's base salary at the times and in the amounts that 
would have been paid to Employee had Employee remained in the 
employ of the Company for the balance of the Term or twelve (12) 
months of base salary continuation.  Such base salary 
continuation shall be less all applicable taxes and 
withholdings,  and shall be paid in accordance with the 
applicable severance plan for Hasbro Salaried Employees (the 
"Severance Plan").  Notwithstanding the provisions of the 
Severance Plan or this Paragraph 5.3, provided that Employee 
executes a full and complete release in a form prepared by 
Tiger, if Employee's employment is terminated pursuant to 
Section 4.3 or 4.4, all unvested stock options and restricted 
stock will become vested and any bonus repayment obligations of 
Employee, as set forth in paragraphs 3.2 or 3.3 above, will 
terminate. 
   5.4  Survival.  The provisions of Sections 6 and 7 below 
shall survive the termination of this Agreement.
  6.  Non-Solicitation.
   (a)  During the Employment Period and for a period of one (1) 
year after the termination or expiration thereof, for any 
reason, Employee will not directly or indirectly:
    (i)  either alone or in association with others, solicit, or 
permit any person or organizations directly or indirectly to 
solicit, any individual who at the time of the solicitation is, 
or who within the six (6) month period prior to such 
solicitation was an employee of Tiger or Hasbro to leave the 
employ of Tiger or Hasbro or terminate his or her employment 
relationship with either Tiger or Hasbro, or hire or attempt to 
hire or induce, any employee or  employees of Tiger or Hasbro to 
terminate their employment with, or otherwise cease their 
relationship with, Tiger or Hasbro; or
    (ii)  solicit, divert or take away, or attempt to divert or 
to take away, the business or patronage of any of the clients, 
customers or accounts, or prospective clients, customers or 
accounts, of Tiger or Hasbro; 
   (b)  The geographic scope of this Section 6 shall extend to 
anywhere Tiger or Hasbro or their respective subsidiaries is 
doing business at the time of termination or expiration.  If any 
restriction set forth in this Section 6 is found by any court of 
competent jurisdiction to be unenforceable because it extends 
for too long a period of time or over too great a range of 
activities or in too broad a geographic area, it shall be 
interpreted to extend only over the maximum period of time, 
range of activities or geographic area as to which it may be 
enforceable.
   (c)  Employee acknowledges that the restrictions contained in 
this Section 6 are necessary for the protection of the business 
and goodwill of Tiger and Hasbro and are considered by Employee 
to be reasonable for such purpose.  Employee agrees that any 
breach of this Section 6 will cause Tiger and Hasbro substantial 
and irrevocable damage, and therefore, in the event of any such 
breach, in addition to such other remedies which may be 
available, Tiger and Hasbro shall have the right to  obtain and 
receive specific performance and injunctive relief without 
posting a bond or other security.
  7.  Other Agreements.  
   (a)  Employee hereby represents that Employee is not bound by 
the terms of any agreement with any previous employer or other 
party, which would impair Employee's right or ability to enter 
the employ of Tiger or perform fully Employee's obligations 
pursuant to this Agreement.  Employee further represents and 
warrants that Employee's performance of all the terms of this 
Agreement and as an Employee of Tiger does not and will not 
breach any agreement to keep in confidence proprietary 
information, knowledge or data acquired by Employee in 
confidence or in trust prior to Employee's employment with 
Tiger.
   (b)  Employee agrees that upon the Commencement of Employee's 
employment with Tiger he shall execute Hasbro's Invention 
Assignment and Proprietary Information Agreement.
  8.  Notices.  All notices required or permitted under this 
Agreement shall be in writing and shall be deemed effective upon 
personal delivery or upon deposit in the United States Mail, by 
registered or certified mail, postage prepaid, addressed to 
Hasbro at 1027 Newport Avenue, Pawtucket, RI  02862 Attention:  
General Counsel and to Employee at 2323 Sheridan Road, Highland 
Park, IL and to Employee's attorney, Robert F. Krug, Jr., 
Carponelli & Krug, Suite 2350, 55 W. Monroe Street, Chicago, IL  
60603 or at such other address or addresses as either party 
shall designate to the other in accordance with this Section 8. 
  9.  Entire Agreement.  This Agreement constitutes the entire 
agreement between the parties and supersedes all prior 
agreements and understandings, whether written or oral, relating 
to the subject matter of this Agreement. 
  10.  Amendment.  This Agreement may be amended or modified 
only by a written instrument executed by Employee, Tiger and 
Hasbro.
  11.  Governing Law.  This Agreement shall be construed, inter-
preted and enforced in accordance with the laws of the State of 
Rhode Island and Employee consents to the exclusive jurisdiction 
of the Federal District Court for the District of Rhode Island 
to resolve all disputes arising out of Employee's employment 
relationship with the Company. 
  12.  Successors and Assigns.  This Agreement shall be binding 
upon and inure to the benefit of both parties and their 
respective successors and assigns, including any corporation 
with which or into which Tiger may be merged or which may 
succeed to its assets or business, provided, however, that 
Employee's obligations are personal and shall not be assigned by 
Employee. 
  13.  Miscellaneous. 
   13.1  No delay or omission by Tiger in exercising any right 
under this Agreement shall operate as a waiver of that or any 
other right.  A waiver or consent given by Tiger on any one 
occasion shall be effective only in that instance and shall not 
be construed as a bar or waiver of any right on any other 
occasion.
   13.2  The captions of the sections of this Agreement are for 
convenience of reference only and in no way define, limit or 
affect the scope or substance of any Section of this Agreement.
   13.3  In case any provision of this Agreement shall be 
invalid, illegal or otherwise unenforceable, the validity, 
legality and enforceability of the remaining provisions shall in 
no way be affected or impaired thereby. 


   13.4  IN WITNESS WHEREOF, the parties hereto have executed 
this Agreement under seal as of the day and year set forth 
above.

Tiger Electronics, Ltd.

/s/ Alfred J. Verrecchia
------------------------

Hasbro, Inc.

/s/ Alfred J. Verrecchia
------------------------

Title: President and Chief Operating Officer


/s/ Brian Goldner
-----------------

Brian Goldner