Exhibit 10.1



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| |  | LOGO                                                                
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| |  | 860 Via de la Paz, Suite F-4
Pacific Palisades, California USA
90272
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| |  | T 310 230 9966 F 310 230
9969 howardberman@cinram.com               

January 14, 2011

VIA EMAIL

Ari Taitz, Esq.

Senior Vice President, Business & Legal Affairs

Warner Music Group

75 Rockefeller Plaza

New York, NY 10019



|Re: | First Letter Amendment to:
|--- | --------------------------

(i) US/Canada Manufacturing and PP&S Agreement dated as of July 1, 2010 (the US Agreement)between
(a) Warner-Electra-Atlantic Corporation (WEA), on the one hand and (b) Cinram International Inc. (CII), Cinram Manufacturing LLC and Cinram Distribution LLC, on the other hand; and

(ii) International Manufacturing and PP&S Agreement dated as of July 1, 2010 (the International Agreement)between (a) WEA International Inc. (WMI), on the one hand and (b) CII, Cinram GmbH and Cinram Operations UK Limited

Dear Ari:

This letter (the First Letter Amendment)memorializes our
understanding and agreement regarding the extension of the covenant regarding the refinance of the Long-Term Debt under the US Agreement and the International Agreement as follows:

1. Section 5(b)(vi) of the US Agreement is hereby amended to replace the January 14, 2011 date and the January 14, 2010 date therein with
January 21, 2011 in each place such dates appears; and

2. Section 3(b)(vi) of the International Agreement is hereby amended to
replace the January 14, 2011 date therein with January 21, 2011 in each place such date appears.

Please sign this First Letter
Amendment in the spaces provided below to indicate your agreement with the above and return to me at your earliest opportunity. When signed by WEA, WMI and CII, this First Letter Amendment shall constitute an amendment to each of the US Agreement
and the International Agreement. CII agrees to obtain the consent to the foregoing amendment by its subsidiaries that are party to the US Agreement and the International Agreement, to the extent required to cause such amendment to be effective with
respect to such subsidiary.



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Mr. Ari Taitz

January 14, 2011

Page 2

Except as herein amended, the US Agreement and the International Agreement shall remain in full force and effect, without modification.



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|Very truly yours,              
|                               
|/s/ Howard Z. Berman           
|Howard Z. Berman               
|Senior V.P. and General Counsel
|                               
|ACCEPTED AND AGREED TO:        



|                                    |  |                           |  |                           |  |        |  |                                
|----------------------------------- |  | ------------------------- |  | ------------------------- |  | ------ |  | -------------------------------
|WARNER-ELEKTRA-ATLANTIC CORPORATION |  |                           |  | CINRAM INTERNATIONAL INC.
|                                    |  |                           |  |                          
|By:                                 |  | /s/ Ari Taitz             |  |                           |  | By:    |  | /s/ Howard Z. Berman           
|Name:                               |  | Ari Taitz                 |  |                           |  | Name:  |  | Howard Z. Berman               
|Title:                              |  | SVP, Bus. & Legal Affairs |  |                           |  | Title: |  | Senior V.P. and General Counsel



|                       |  |                  
|---------------------- |  | -----------------
|WEA INTERNATIONAL INC.
|                       | 
|By:                    |  | /s/ Paul Robinson
|Name:                  |  | Paul Robinson    
|Title:                 |  | VP