EXHIBIT 10.2
SIDE LETTER
(ON K-TEL LETTERHEAD)
Edel Music AG
Xxxxxxxxxxxxxxx 0
00000 Xxxxxxx
XXXXXXX
10 September 1999
Dear Sirs
K-TEL INTERNATIONAL (FINLAND) OY
We refer to the Share Sale Agreement to be entered into today between
ourselves, you and K-Tel Entertainment (UK) Limited (the "Agreement").
We confirm that notwithstanding Clause 3.3 of the Agreement we are agreeable
to receiving the entire purchase consideration of US $6,350,000 in cash and
that we shall not be requiring you to issue any shares in Edel Music AG to
ourselves as contemplated by that clause.
All other terms of the Agreement remain in full force and effect.
Yours faithfully
/s/ X. Xxxxx
K-TEL ENTERTAINMENT INC.
/s/ EDEL MUSIC AG
-------------------------------
agreed and accepted
EDEL MUSIC AG
