Document:

AMENDMENT TO CREDIT AGREEMENT

         This Amendment to Credit Agreement (the "AMENDMENT") is dated as of
November 13, 2000 and amends that certain Credit Agreement (the "CREDIT
Agreement") entered into as of the 29th day of June, 2000 (and effective as of
October 28, 1999) by and between NEW VISUAL ENTERTAINMENT, INC., a Utah
corporation (the "COMPANY") and __________________ (the "LENDER").

                              W I T N E S S E T H :

         1.       As of November 13, 2000 the Lender has advanced the Company
                  $150,000 of the $300,000 total Credit Commitment it agreed to
                  extend to the Company pursuant to the Credit Agreement.

         2.       Both the Company and the Lender desire and have agreed to
                  terminate the Lender's commitment to fund the balance of the
                  $300,000 Credit Commitment or to make any further advances
                  whatsoever to the Company pursuant to the Credit Agreement.

         3.       Both the Lender and the Company therefore desire to amend the
                  Credit Agreement to (i) terminate the aforementioned
                  obligations of the Lender, (ii) clarify that the remainder of
                  the Credit Agreement does not terminate until the "Termination
                  Date" as such term is amended by this Amendment, (iii) amend
                  the definition of the Termination Date to be June 29, 2003,
                  which date conforms to the Maturity Date of the Note which was
                  executed along with the Credit Agreement and (iv) modify the
                  "Events of Default" in the Credit Agreement to delete any
                  default arising from a "Material Adverse Change".

         NOW THEREFORE , in consideration of the mutual promises herein
contained and for other valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto hereby agree to the following
amendments to the Credit Agreement:

         1.       MODIFICATION OF SECTION 2.1. Section 2.1 of the Credit
                  Agreement is hereby modified to read in its entirety as
                  follows:

         "THE CREDIT COMMITMENT. Lender and Company each agree that as of
November 13, 2000, Lender has advanced $150,000 to the Company, and that that is
the Principal Debt as of such date. Lender agrees to lend such amount to the
Company until the Termination Date, on the terms and conditions set forth in
this Credit Agreement, unless earlier repaid. Lender shall not be required to
fund any other portion of the Unused Commitment pursuant to this Credit
Agreement or the other Loan Documents."

         2. DELETION OF SECTION 2.2. The text of Section 2.2 of the Credit
Agreement, including paragraphs (a), (b), (c) and (d), is hereby deleted in its
entirety, including, without limitation any obligation of the Lender to make
Advances as set forth in such Section, either directly or through its agent as
described in such Section. References to such Section 2.2 in any other part of
the Credit Agreement are hereby stricken, and the text of Section 2.2 shall
appear as follows:

<PAGE>

         2.2 [INTENTIONALLY OMITTED]

         3. MODIFICATION OF DEFINITION OF "TERMINATION DATE". The definition of
the term "Termination Date " in Section 1 of the Credit Agreement is hereby
modified to read in its entirety as follows:

         "Termination Date " means June 29, 2003."

         4. DELETION OF SECTION 3.1(E). The text of Section 3.1(e) of the Credit
Agreement is hereby deleted in its entirety. References to such Section 3.1(e)
in any other part of the Credit Agreement are hereby stricken and the text of
such Section 3.1(e) shall appear as follows:

         (e) [INTENTIONALLY OMITTED]

         5. DELETION OF CERTAIN DEFINITIONS. The following definitions, which
appear in Section 1.1 of the Credit Agreement are deleted in their entirety:
"Advance Date", "Material Adverse Change" and " Notice of Borrowing".

         6. CONTINUING EFFECTIVENESS. Except as amended by this Amendment, the
terms and conditions of the Credit Agreement, which are incorporated by
reference herein, remain in full force and effect.

                                       2
<PAGE>

         IN WITNESS WHEREOF, the undersigned have executed this Amendment to the
Credit Agreement as of the date above first written.

                                                LENDER:

                                                --------------------------------
                                                BY:
                                                     ---------------------------

                                                NAME:
                                                     ---------------------------

                                                TITLE:
                                                     ---------------------------

                                                COMPANY:

                                                NEW VISUAL ENTERTAINMENT, INC.,

                                                BY:
                                                     ---------------------------

                                                NAME:
                                                     ---------------------------

                                                TITLE:
                                                     ---------------------------FIRST AMENDMENT TO SECURITIES PURCHASE AGREEMENT

         THIS FIRST AMENDMENT TO SECURITIES PURCHASE AGREEMENT (this
"Amendment") dated January 22, 2001, amends that certain Securities Purchase
Agreement ("the Agreement") dated November 17, 2000, by and between New Visual
Entertainment, Inc. (the "Company") and those persons identified in Annex A to
the Agreement (the "Investors").

                                    RECITALS

         WHEREAS, the Company and the Investors desire to effect certain
amendments to the Agreement which are to the mutual benefit of both the Company
and the Investors;

         NOW, THEREFORE, in consideration of the above premises, and for good
and valuable consideration, the sufficiency and adequacy of which is hereby
acknowledged, the Company and the Investors agree as follows:

1.       AMENDMENT TO SECTION 3.1. Section 3.1 of the Agreement is hereby
         deleted in its entirety to be replaced by the following:

         "During the Term, the Company, may, in its sole discretion, issue a
         number of Draw Down Notices, each with respect to a draw down (a "Draw
         Down"), which Draw Down the Purchaser shall be obligated to accept, of
         a Draw Down amount of up to $500,000 (each a "Draw Down Amount");
         provided, however, that the Investors may refuse, in their sole
         discretion, on or before the Closing Date, to close on any Draw Down in
         which either (a) the Average Sales Price is below $2 per share, (b) the
         average daily trading volume in the Company's Common Stock for the
         twenty consecutive trading days ending on the last day of the Pricing
         Period is below 36,500 shares per day, or (c) the sum of (i) the
         aggregate amount of funds actually received by the Company pursuant to
         Closings of Draw Downs hereunder plus (ii) the amount of any funds
         received by the Company after the date of this Amendment in
         consideration of the issuance by the Company of any capital stock,
         exceeds $5,000,000 (excluding any funds raised by the Company solely
         for its motion picture project)."

2.       AMENDMENT TO SECTION 3.5. Section 3.5 of the Agreement shall be deleted
         in its entirety.

3.       CONTINUANCE OF AGREEMENT. Except as amended hereby, the Agreement shall
         remain in full force and effect in accordance with its terms.

4.       GOVERNING LAW. This Amendment shall be governed by and construed in
         accordance with the laws of the State of California.

5.       COUNTERPARTS. This Amendment may be executed in two or more
         counterparts, each of which, if taken together, shall constitute one
         and the same document.

                           [SIGNATURE PAGES TO FOLLOW]

<PAGE>

         IN WITNESS WHEREOF, the parties have executed this First Amendment to
Securities Purchase Agreement as of the date first above written.

                                   NEW VISUAL ENTERTAINMENT, INC.

                                   By: /s/ RAY WILLENBERG, JR.
                                       Ray Willenberg, Jr.
                                       President and Chief Executive Officer

                                   LILLY BETER CAPITAL GROUP, LTD.

                                   By: /s/ RICHARD KOSLOSKE
                                   Name: Richard Kosloske
                                   Title: President

                                   INTERNATIONAL CARIBBEAN TRUST LIMITED

                                   By: /s/ JOHN MAXMIN
                                   Name: John Maxmin
                                   Title: Agent of Record for this Agreement

                                   PROMETHEUS TRUST LIMITED

                                   By: /s/ JOHN MAXMIN
                                   Name: John Maxmin
                                   Title: Agent of Record for this Agreement

                                   CUTTING EDGE TRUST LIMITED

                                   By: /s/ JOHN MAXMIN
                                   Name: John Maxmin
                                   Title: Agent of Record for this Agreement

<PAGE>

                                   WIND & SEA TRUST LIMITED

                                   By: /s/ JOHN MAXMIN
                                   Name: John Maxmin
                                   Title: Agent of Record for this Agreement

                                   MONTGOMERY LANDING TRUST LIMITED

                                   By: /s/ JOHN MAXMIN
                                   Name: John Maxmin
                                   Title: Agent of Record for this Agreement

                                   QUAIL RUN TRUST LIMITED

                                   By: /s/ JOHN MAXMIN
                                   Name: John Maxmin
                                   Title: Agent of Record for this Agreement

                                   TRU COLOR TRUST LIMITED

                                   By: /s/ JOHN MAXMIN
                                   Name: John Maxmin
                                   Title: Agent of Record for this Agreement

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