Exhibit 10.02

SECOND RESTATED SECURED REVOLVING NOTE

        FOR VALUE RECEIVED, JACLYN, INC., a corporation having an address at 635 59th Street, West New York, New Jersey 07093 (“Borrower”), promises to pay to the order of TD BANKNORTH, N.A., successor by merger to HUDSON UNITED BANK (“Lender”), at 1000 MacArthur Boulevard, Mahwah, New Jersey 07430 or at such other place as Lender may from time to time in writing designate, the principal sum of each Advance made by Lender to Borrower under that certain revolving loan agreement dated December 23, 2002 between Borrower and Lender as it has been or may be subsequently amended and/or modified (collectively, the “Loan Agreement”) (the Loan Agreement together with all of the other documents, instruments or agreements executed in connection therewith, as the same may be modified, amended, restated or replaced from time to time are hereinafter collectively referred to as, the “Loan Documents”). The aggregate unpaid principal balance hereof shall not exceed at any time the sum of FIFTY MILLION and 00/100 (50,000,000.00) DOLLARS. Capitalized terms used herein and not otherwise defined shall have the meaning given such terms in the Loan Documents. The entire unpaid principal balance hereof, together with the accrued interest thereon and accrued late charges, if any, and all other sums due hereunder and under the Loan Documents shall be due and payable on the Termination Date.

        Borrower also promises to pay interest to Lender monthly, in arrears, on t