LETTERHEAD OF J.W. BARCLAY & CO., INC.] Hungarian Broadcasting Corp. 445 Park Avenue New York, New York 10022 Re: Amendment to Mergers and Acquisitions Agreement -------------------------- Gentlemen: This will acknowledge that we have agreed to extend...

 
                   [LETTERHEAD OF X.X. XXXXXXX & CO., INC.]



                                                 ______________________, 1996

Hungarian Broadcasting Corp.
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx  00000

          Re:  Amendment to Mergers and
               Acquisitions Agreement
               --------------------------

Gentlemen:

     This will acknowledge that we have agreed to extend the term of the Mergers
and Acquisitions Agreement between us, dated December 20, 1995, so that same
shall expire on ________________, 2001.


                                              X.X. XXXXXXX & CO., INC.



                                              By:___________________________
                                                  Xxxx X. Xxxxx, President

AGREED TO:

HUNGARIAN BROADCASTING CORP.



By____________________________
                  , President