October 18, 1997
Xx. Xxxxxxxx X. Xxxxxx
Xxxxxxx Radio Corp.
Nine Xxxxx Xxxx
Xxxxxxxxxx, Xxx Xxxxxx 00000
Dear Xx. Xxxxxx:
The purpose of this letter is to memorialize the agreement between
Sport Supply Group, Inc. ("SSG") and Xxxxxxx Radio Corp. ("Xxxxxxx") to
delete Section 2.2 of that certain Management Services Agreement dated
July 1, 1997 to be effective as of March 7, 1997 by and between SSG and
Xxxxxxx (the "Services Agreement"). The parties hereto agree that,
effective as of October 18, 1997, SSG will begin paying Xxxxxxxx X.
Xxxxxx directly as an employee of SSG and will cease paying Xxxxxxx
$20,833.33 per month, as contemplated by the Services Agreement.
Consequently, Section 2.2 of the Services Agreement is deleted in its
entirety as of October 18, 1997 and shall be of no further force or
effect.
If the foregoing sets forth your understanding with respect to this
matter, please sign this letter in the space provided below and return
such copy to the undersigned.
SPORT SUPPLY GROUP, INC.
/s/ Xxxxx X. Xxxxxxxxxx
Xxxxx X. Xxxxxxxxxx
President and Chief Operating Officer
ACCEPTED AND AGREED TO
this 18th day of October, 1997.
XXXXXXX RADIO CORP.
/s/ Xxxxxxxx X. Xxxxxx
Xxxxxxxx X. Xxxxxx
Chairman of the Board and
Chief Executive Officer
cc: Xxxx X. Xxxxxx
Xxxxxxxxx Xxxxxxxxx
Xxxxxxxx X. Xxxxxx
