ITEM 1.02.Termination of a Material Definitive Agreement
On December 28, 2012, Fortune Industries, Inc. (the "Company") entered into a
Termination of Escrow Agreement with Ide Management Group, LLC, a Tennessee
limited liability company ("IMG"), whereby the Company and IMG (collectively,
the "Parties") determined not to go forward with the negotiation of a definitive
agreement and agreed to terminate the Escrow Agreement entered into by the
Parties on September 19, 2012 (the "Escrow Agreement"). The escrow funds
deposited by IMG pursuant to the Escrow Agreement have been disbursed to IMG.