CREDIT AGREEMENTCredit Agreement • October 14th, 2003 • K Tel International Inc • Phonograph records & prerecorded audio tapes & disks • Minnesota
Contract Type FiledOctober 14th, 2003 Company Industry JurisdictionTHIS CREDIT AGREEMENT is dated as of the 27th day of September, 1999 and is by and between K-TEL INTERNATIONAL, INC., a Minnesota corporation with offices located at 2605 Fernbrook Lane North, Plymouth, Minnesota 55447 (the “Borrower”), and K-5 LEISURE PRODUCTS, INC., a Nevada corporation with offices located at 220 Saulteaux Crescent, Winnipeg, Manitoba, Canada (the “Lender”).