AMENDMENT NO. 2 TO CREDIT AGREEMENT AND NOTECredit Agreement and Note • September 18th, 2006 • K Tel International Inc • Phonograph records & prerecorded audio tapes & disks
This Amendment No. 2 (this “Amendment”) to that certain Credit Agreement, dated September 27, 1999, as amended by that certain Amendment, dated February 12, 2002 (as so amended, the “Original Agreement”) and to that certain Promissory Note, in the principal amount of $8,000,000, dated September 27,1999 (the “Note”), is made, effective the 20th day of July, 2005, by and between K-Tel International, Inc (the “Borrower”) and K-5 Leisure Products, Inc. (the “Lender”).
AMENDMENT NO. 2 TO LOAN AND SECURITY AGREEMENTLoan and Security Agreement • September 18th, 2006 • K Tel International Inc • Phonograph records & prerecorded audio tapes & disks
This Amendment No. 2 (this “Amendment”) to that certain Loan and Security Agreement, dated November 19, 1997, as amended by that certain Amendment, dated February 12, 2002 (as so amended, the “Original Agreement”), is made, effective the 20th day of July, 2005, by and among K-Tel International (USA), Inc., Dominion Entertainment, Inc., K-Tel Consumer Products, Inc., K-Tel TV, Inc., K-Tel Video, Inc. (collectively, the “Borrowers”) and K-5 Leisure Products, Inc. (the “Lender”).
