FIRST AMENDMENT TO RIGHTS AGREEMENT The First Amendment to Rights Agreement is entered into as of July 15, 1998 between DAMARK INTERNATIONAL, INC., a Minnesota corporation ("Company"), and NORWEST BANK MINNESOTA, N.A. (the "Rights Agent"). RECITALS 1....Rights Agreement • September 3rd, 1998 • Damark International Inc • Retail-catalog & mail-order houses • Minnesota
