April 16, 1997
Xx. Xxxxxxxx X. Xxxxxx
c/x Xxxxxxx Radio (Hong Kong) Ltd.
705 - 711, Tower 2
The Gateway
00-00 Xxxxxx Xxxx
Xxxxxxx, Xxxx Xxxx
Re: Extension of Employment Agreements
Dear Xx. Xxxxxx:
This letter will serve as confirmation of our agreement to extend the terms
of those certain Employment Agreements, each dated July 7, 1992 (the
"Agreements"), by and between you and each of Xxxxxxx Radio (B.V.I.), Ltd.,
Xxxxxxx Radio (Hong Kong), Ltd., and Xxxxxxx Radio Corp. Under Section 1 of
each of the Agreements, the "Term" as defined therein is to continue until July
7, 1997. By each of our respective signatures below, you and each of the above-
referenced entities agree to extend the Term of each such Agreement until March
31, 2000. The parties also expressly acknowledge and agree that, except as
expressly stated therein, no other agreement nor any breach or default under any
other agreement shall have any effect on the rights and obligations of the
parties hereto or under any of the Agreements, including, without limitation,
under any employment or other agreement between Sport Supply Group, Inc., or any
of its subsidiaries, and you. Except as specifically amended hereby, each of
such Employment Agreements shall not be deemed to be further amended or
modified, and shall remain in full force and effect.
Please indicate your agreement to the terms of this letter in the space
provided below.
Very truly yours,
XXXXXXX RADIO (B.V.I.), LTD.
By:/s/ Xxxxxx X. Xxxxx
Name: Xxxxxx X. Xxxxx
Title: Director
XXXXXXX RADIO (HONG KONG), LTD.
By: /s/ Xxxxxx X. Xxxxx
Name: Xxxxxx X. Xxxxx
Title: Director
XXXXXXX RADIO CORP.
By: /s/ Xxxxxx X. Xxxxx
Name: Xxxxxx X. Xxxxx
Title: Vice-Chairman
ACKNOWLEDGED, UNDERSTOOD, AND
AGREED TO AS OF THE 16TH
DAY OF APRIL, 1997
/s/ Xxxxxxxx X. Xxxxxx
XXXXXXXX X. XXXXXX
