Exhibit 7
RECOTON CORPORATION
0000 Xxxx Xxxx Xxxx
Xxxx Xxxx, XX 00000
September 8, 1999
The Prudential Insurance Company of America
c/o Prudential Capital Group
One Gateway Center
0-00 Xxxxxxx Xxxxxxxxx Xxxx
Xxxxxx, XX 00000-0000
ING (U.S.) Capital LLC
000 Xxxx Xxxxxx
Xxx Xxxx, XX 00000
Ladies and Gentlemen:
This will confirm our agreement pursuant to the Master Restructuring
Agreement dated the date hereof between ourselves and other parties that the
Initial Exercise Price set forth in the Common Stock Purchase Warrants Expiring
February 4, 2004 (Nos. R-1 and R21, PPN: 756268 2#4) is hereby changed to
$7.76875 from $18.2626.
RECOTON CORPORATION
By: /s/ Stuart Mont
Name: Stuart Mont
Title: Executive Vice President-Operations
and Chief Operating Officer