Document:

FOURTH AMENDMENT AGREEMENT

     THIS FOURTH AMENDMENT  AGREEMENT (this "Fourth  Amendment") is entered into
as of  July  31,  2006  by  and  among  Harvey  Electronics,  Inc.,  a New  York
corporation ("Borrower"), and Webster Business Credit Corporation ("Lender").

                                  Introduction

     Borrower and Lender are parties to a Loan and Security  Agreement  dated as
of November 21, 2003 (as amended through the date hereof and as further amended,
restated,  supplemented  or  otherwise  modified  from  time to time,  the "Loan
Agreement")  pursuant to which Lender has agreed to make revolving  credit loans
and to provide certain other financial accommodations to Borrower.

     Borrower  has  requested  certain   amendments  and  waivers  to  the  Loan
Agreement.  Lender is willing to effect the  amendments  and waivers of the Loan
Agreement  requested  by Borrower on the terms and  conditions  hereinafter  set
forth.

     NOW, THEREFORE,  in consideration of the foregoing and the mutual covenants
herein contained, and for other good and valuable consideration, the receipt and
sufficiency  of which are hereby  acknowledged,  Borrower  and  Lender  agree as
follows:

     1.  Amendments  to the  Loan  Agreement.  Upon the date  that  this  Fourth
Amendment  shall  have  been  executed  by each of the  parties  hereto  and all
conditions set forth in Section 3 of this Fourth  Amendment have been satisfied,
Borrower and Lender agree that the Loan Agreement shall be amended as follows:

     (a) Section 1.1  (Definitions)  of the Loan  Agreement is hereby amended by
adding the following definitions alphabetically therein:

          "Borrowing Base Overadvance(s)" means an amount up to $300,000.

          "Borrowing  Base  Overadvance  Interest  Rate" means an interest  rate
     equal to the Base Rate plus 1.0%.

          "Borrowing Base Overadvance Termination Date" means the first to occur
     of (i) a Default or Event of Default and (ii) September 30, 2006, provided,
     in the  case  of  the  foregoing  clause  (ii),  that  the  Borrowing  Base
     Overadvance Termination Date may be extended by the Borrower to a date (not
     beyond the Maturity  Date) if (i) the Trinity  Investment  has closed,  and
     (ii) the Borrower has delivered  proceeds of the Trinity  Investment to the
     Lender to cash  collateralize  on one hundred percent (100%) of the maximum
     amount of the Borrowing Base Overadvances.

          "Trinity  Investment" means an investment by [Trinity] in the Borrower
     in the form of equity or subordinated debt, in either instance on terms and
     conditions  satisfactory to the Lender in it Permitted  Discretion,  in the
     minimum amount of $4,000,000.

     (b) Section 2.2 of the Loan  Agreement is hereby  amended by deleting  such
section in its entirety, and inserting in lieu thereof the following:

          2.2 Borrowing Base advances.

          Subject  to the  terms and  conditions  of this  Agreement,  including
     Section 3.3 hereof,  at any time when  Availability is $0.00,  the Borrower
     may  request  Borrowing  Base  Overadvances  in an  amount  at any one time
     outstanding  not to exceed  $300,000,  provided,  that in no event will the
     aggregate  outstanding  principal  amount of Advances  and  Borrowing  Base
     Overadvances   exceed  the  Maximum   Revolver   Amount.   Borrowing   Base
     Overadanvces  shall  accrue  interest  at the  Borrowing  Base  Overadvance
     Interest Rate, and may be requested by the Borrower,  repaid and reborrowed
     (up to the Borrowing Base Overadvance  Termination Date) in the same manner
     as  Advances  hereunder.   Borrowing  Base  Overadvances  shall  constitute
     Obligations hereunder, and shall be secured by and entitled to the benefits
     of the Collateral for all purposes hereunder.

     (c)  Section  4.7 of the Loan  Agreement  is  hereby  amended  by  deleting
subsections  (b) and (c)  therefrom in their  entireties,  and inserting in lieu
thereof the following:

          (b) Lender may from time to time obtain or conduct (in all events,  at
     Borrower's  expense)  appraisals   conducted  by  such  appraisers  as  are
     satisfactory to Lender in its Permitted Discretion;  provided that prior to
     the  occurrence of an Event of Default,  Borrower shall only be required to
     pay for such appraisals once per each 120-day period.

          (c) Lender may from time to time conduct commercial finance audits (in
     each event, at the Borrower's  expense) of Borrower's Books;  provided that
     Borrower  shall  only be  required  to pay for  such  audits  once per each
     120-day  period  unless an Event of Default has  occurred  or Borrower  has
     failed to maintain an Excess  Availability  of at least  $1,000,000  at all
     times,  in which case such audits shall be conducted in Lender's  Permitted
     Discretion (in each case at Borrower's expense).

     2. Lender's Rights. Lender expressly reserves the full extent of its rights
under the Loan  Agreement,  the other Loan  Documents  and  applicable  law with
respect to any Default or Event of Default  existing on the date  hereof,  other
than the Identified Event of Default (defined below).

     3. Conditions  Precedent to Fourth  Amendment.  The satisfaction of each of
the following,  unless waived or deferred by Lender in its Permitted  Discretion
constitute  conditions  precedent to the  effectiveness of this Fourth Amendment
(except that item 3(e)(ii) below shall be a condition subsequent):

     (a) Lender shall have  received  this Fourth  Amendment,  duly  executed by
Borrower;

     (b) the representations  and warranties in this Fourth Amendment,  the Loan
Agreement,  as amended  hereby,  and the other Loan Documents  shall be true and
correct in all  respects  on and as of the date  hereof,  as though made on such
date  (except to the extent  that such  representations  and  warranties  relate
solely to an earlier date);

     (c) after giving  effect to this Fourth  Amendment,  no Default or Event of
Default shall have occurred and be continuing on the date hereof, and no Default
or Event of Default  shall  result  from the  consummation  of the  transactions
contemplated herein;

     (d) no injunction,  writ,  restraining  order, or other order of any nature
prohibiting,  directly  or  indirectly,  the  consummation  of the  transactions
contemplated  herein  shall have been issued and remain in force by any court or
other governmental authority against Borrower or Lender; and

     (e) Lender  shall  have  received  payment  in full of (i) $5,000  upon the
effective date of this Fourth Amendment, (ii) $5,000 upon the first funding of a
Borrowing Base  Overadvance,  and (iii) its  out-of-pocket  expenses  (including
reasonable  attorneys'  fees and expenses)  incurred in connection with the Loan
Agreement and this Fourth Amendment.

     4. Waiver.  Lender hereby waives the Event of Default arising under Section
7.21(b) of the Loan Agreement  solely to the extent  resulting from the Borrower
having  allowed  EBITDA for the three month  period  ended June 30, 2006 to vary
negatively by more than $330,000 from the EBITDA  projected for such three month
period in the Business Plan in effect on the date thereof (the "Identified Event
of Default").  The  foregoing  provisions of this Section 4 relate solely to the
Identified  Event of  Default  and shall in no way be deemed or  construed  as a
waiver  by  Lender  of any  other  Default  or Event of  Default  under the Loan
Agreement  or any  other  Loan  Document,  known or  unknown,  now  existing  or
occurring  subsequent  to the date of this Fourth  Amendment.  Lender  expressly
reserves the full extent of its rights under the Loan Agreement,  the other Loan
Documents  and  applicable  law with  respect to any Default or Event of Default
existing on the date hereof and not specified  herein as the Identified Event of
Default.

     5. Representations and Warranties.  Borrower hereby represents and warrants
to the Lender that:

     (a) the execution,  delivery, and performance of this Fourth Amendment, the
Loan Agreement and the other Loan Documents (i) are within Borrower's  corporate
powers, (ii) have been duly authorized by all necessary corporate action,  (iii)
do not  require  any  approval  or consent of any Person  under any  contractual
obligation  of the Borrower and (iv) do not  contravene  (A) any law,  rule,  or
regulation, or any order, judgment,  decree, writ or injunction, or award of any
arbitrator,  court,  or  Governmental  Authority,  (B) the terms of its charter,
bylaws  or  other  operative  or  formative  documents  or (C) any  contract  or
undertaking  to which it is a party or by  which  any of its  properties  may be
bound or affected;

     (b) this Fourth Amendment has been duly executed and delivered by Borrower;

     (c)  this  Fourth  Amendment  and the Loan  Agreement  and the  other  Loan
Documents,  each  as  previously  amended  and  as  amended  hereby,  constitute
Borrower's legal, valid, and binding  obligations,  enforceable against Borrower
in accordance with their respective terms;

     (d)  Borrower is in  compliance  with all of the terms and  provisions  set
forth in the  Loan  Agreement  and each of the  other  Loan  Documents,  each as
previously  amended  and as  amended  hereby,  on its  part  to be  observed  or
performed on or prior to the date hereof; and

     (e) after giving  effect to this Fourth  Amendment,  no Default or Event of
Default has occurred  and is  continuing  under the Loan  Agreement or any other
Loan Document.

     6.  Reaffirmation.  Borrower further reaffirms all of its obligations under
the Loan Agreement and the other Loan Documents,  each as previously amended and
as amended hereby.

     7. Effect on Loan  Agreement.  Except as  expressly  provided  herein,  the
execution,  delivery, and performance of this Fourth Amendment shall not operate
as a waiver or an amendment of any right,  power,  or remedy of the Lender under
the Loan  Agreement or any other Loan Document.  Except to the extent  expressly
amended  hereby,  the Loan  Agreement  and all  other  Loan  Documents  shall be
unaffected  hereby,  shall continue in full force and effect,  are hereby in all
respects ratified and confirmed,  and shall constitute the legal, valid, binding
and enforceable obligations of Borrower to the Lender.

     8. No Novation;  Entire Agreement.  This Fourth Amendment  evidences solely
the amendment of certain terms and  provisions of Borrower's  obligations  under
the Loan Agreement expressly set forth herein and is not a novation or discharge
thereof. There are no other understandings,  express or implied,  between Lender
and Borrower regarding the subject matter hereof.

     9. Choice of Law. The validity of this Fourth Amendment,  its construction,
interpretation and enforcement,  and the rights of the parties hereunder,  shall
be determined  under,  governed by, and construed in accordance with the laws of
The  Commonwealth  of   Massachusetts   without  regard  to  conflicts  of  laws
principles.

     10. Definitions and Construction.

     (a) Capitalized  terms used but not otherwise defined herein shall have the
respective  meanings  given  to such  terms in the Loan  Agreement,  as  amended
hereby.

     (b) Upon  and  after  the  effectiveness  of this  Fourth  Amendment,  each
reference in the Loan  Agreement  to "this  Agreement",  "hereunder",  "herein",
"hereof"  or words of like  import  referring  to the Loan  Agreement,  and each
reference  in the other Loan  Documents to "the Loan  Agreement",  "thereunder",
"therein",  "thereof",  or words of like import referring to the Loan Agreement,
shall mean and be a reference to the Loan Agreement as amended hereby.

     11.  Counterparts;  Telefacsimile  Execution.  This Fourth Amendment may be
executed  in any number of  counterparts  and by  different  parties in separate
counterparts,  each of which when so executed and delivered,  shall be deemed an
original,  and all of which,  when taken together,  shall constitute one and the
same instrument. Delivery of an executed counterpart of a signature page to this
Fourth  Amendment by  facsimile  shall be as effective as delivery of a manually
executed counterpart of this Fourth Amendment.  Any party delivering an executed
counterpart of this Fourth  Amendment by facsimile also shall deliver a manually
executed  counterpart  of this  Fourth  Amendment  but the  failure to deliver a
manually executed counterpart shall not affect the validity, enforceability, and
binding effect of this Fourth Amendment.

                   [Signatures appear on the following page.]

<PAGE>

     IN WITNESS WHEREOF,  Borrower and Lender caused this Fourth Amendment to be
executed as of the date first above written.

                            BORROWER:

                            HARVEY ELECTRONICS, INC.

                            By:/s/Joseph J. Calabrese
                               --------------------------------
                               Joseph J. Calabrese
                               Executive Vice President and
                               Chief Financial Officer

                           LENDER:

                           WEBSTER BUSINESS CREDIT CORPORATION

                           By: /s/ Cynthia Tonucci
                               -------------------------
                               Name:  Cynthia Tonucci
                               Title: AVP, Account ExecutiveFIFTH AMENDMENT AND WAIVER AGREEMENT

     THIS FIFTH  AMENDMENT  AND WAIVER  AGREEMENT  (this "Fifth  Amendment")  is
entered into as of September 18, 2006 by and among Harvey  Electronics,  Inc., a
New York  corporation  ("Borrower"),  and Webster  Business  Credit  Corporation
("Lender").

                                  Introduction

     Borrower and Lender are parties to a Loan and Security  Agreement  dated as
of November 21, 2003 (as amended through the date hereof and as further amended,
restated,  supplemented  or  otherwise  modified  from  time to time,  the "Loan
Agreement")  pursuant to which Lender has agreed to make revolving  credit loans
and to provide certain other financial accommodations to Borrower.

     Borrower  has  requested  certain   amendments  and  waivers  to  the  Loan
Agreement.  Lender is willing to effect the  amendments  and waivers of the Loan
Agreement  requested  by Borrower on the terms and  conditions  hereinafter  set
forth.

     NOW, THEREFORE,  in consideration of the foregoing and the mutual covenants
herein contained, and for other good and valuable consideration, the receipt and
sufficiency  of which are hereby  acknowledged,  Borrower  and  Lender  agree as
follows:

     1.  Amendments  to the  Loan  Agreement.  Upon  the date  that  this  Fifth
Amendment  shall  have  been  executed  by each of the  parties  hereto  and all
conditions set forth in Section 3 of this Fifth  Amendment have been  satisfied,
Borrower and Lender agree that the Loan Agreement shall be amended as follows:

     (a) Section 7.21 of the Loan  Agreement is hereby  amended by deleting such
Section  7.21 in its entirety and  inserting in lieu thereof the  following  new
Section 7.21:

          "7.21 Financial Covenants.

                    (a) Minimum EBITDA.  Fail to achieve  EBITDA,  measured on a
               month-end basis, of at least the required amount set forth in the
               following table for the month set forth opposite thereto:

---------------------------------------- ------------------------------------
           Applicable Amount                     Applicable Month

---------------------------------------- ------------------------------------
             $(60,000)                             October 2006
---------------------------------------- ------------------------------------

                    (b)  Excess  Availability.  Borrower  shall be  required  to
               maintain  Excess  Availability  of at least (i)  $500,000  at all
               times during the period from  November 1, 2006  through  November
               30, 2006 and (ii) $750,000 at all times after November 30, 2006.

                    (c) Business Plan and Projections.  Within 30 days after the
               Closing (as defined in the Securities  Purchase  Agreement  dated
               April 17, 2006 among the  Borrower  and the other  parties  named
               therein (as  amended,  the  "Purchase  Agreement"))  the Borrower
               shall  deliver  a  Business  Plan  and  Projections,  in form and
               substance  (including  as to scope  and  underlying  assumptions)
               satisfactory  to  Lender,   in  its  sole  discretion,   for  the
               forthcoming 12 month period, on a month by month basis, certified
               by  the  chief  financial  officer  of  Borrower  as  being  such
               officer's  good faith best estimate of the financial  performance
               of Borrower  during the period covered  thereby.  Covenant levels
               with respect to EBITDA and Excess  Availability  set forth in the
               foregoing subsections (a) and (b) will be reset within 30 days of
               receipt and approval of the Business Plan and  Projections and be
               based upon the Business Plan and Projections approved by Lender."

     (b)  Article 8 of the Loan  Agreement  is  hereby  amended  by  adding  the
following Sections 8.14 and 8.15:

               "8.14  If (a) the  Borrower  shall  have  failed  to  obtain  all
               Shareholder  Approvals  (as  defined in the  Purchase  Agreement)
               required by the Purchase  Agreement by October 27, 2006,  (b) the
               Borrower  shall have failed to prepare and deliver to each of the
               Purchasers,  Trinity (as defined in the Purchase  Agreement)  and
               the Lender by  October  27,  2006 an  operational  and  financial
               restructuring plan acceptable to each of the Purchasers,  Trinity
               and the  Lender  in  their  sole  discretion,  (c)  the  Purchase
               Agreement shall have terminated  prior to the Closing (as defined
               in the  Purchase  Agreement)  or (d) the  Closing  shall not have
               occurred by November 10, 2006.

               8.15 If the Borrower shall fail to employ a management consultant
               reasonably  acceptable  to the  Lender  on terms  and  conditions
               reasonably acceptable to the Lender by October 15, 2006.

     2. Lender's Rights. Lender expressly reserves the full extent of its rights
under the Loan  Agreement,  the other Loan  Documents  and  applicable  law with
respect to any Default or Event of Default  existing on the date  hereof,  other
than the Identified Events of Default (defined below).

     3. Conditions Precedent to Fifth Amendment. The satisfaction of each of the
following,  unless  waived or  deferred  by Lender in its  Permitted  Discretion
constitute conditions precedent to the effectiveness of this Fifth Amendment:

     (a) Lender  shall have  received  this Fifth  Amendment,  duly  executed by
Borrower;

     (b) the  representations  and warranties in this Fifth Amendment,  the Loan
Agreement,  as amended  hereby,  and the other Loan Documents  shall be true and
correct in all  respects  on and as of the date  hereof,  as though made on such
date  (except to the extent  that such  representations  and  warranties  relate
solely to an earlier date);

     (c) after  giving  effect to this Fifth  Amendment,  no Default or Event of
Default shall have occurred and be continuing on the date hereof, and no Default
or Event of Default  shall  result  from the  consummation  of the  transactions
contemplated herein;

     (d) no injunction,  writ,  restraining  order, or other order of any nature
prohibiting,  directly  or  indirectly,  the  consummation  of the  transactions
contemplated  herein  shall have been issued and remain in force by any court or
other governmental authority against Borrower or Lender;

     (e) Lender shall have received payment in full of $7,500 upon the effective
date  of  this  Fifth  Amendment  and  its  out-of-pocket   expenses  (including
reasonable  attorneys'  fees and expenses)  incurred in connection with the Loan
Agreement and this Fifth Amendment; and

     (f)  receipt  by  Lender  of the  Amendment  No. 1 to  Securities  Purchase
Agreement in the form  attached  hereto as Exhibit A duly executed and delivered
by the Borrower and Purchasers.

     4.  Waiver.  Lender  hereby  waives  the Events of  Default  arising  under
Sections  7.21(a) and (b) of the Loan Agreement  solely to the extent  resulting
from the Borrower  having allowed EBITDA for the (i) one month period ended July
31, 2006 to vary negatively by more than $165,000 from the EBITDA  projected for
such one month period in the Business Plan in effect on the date  thereof,  (ii)
three month period ended July 31, 2006 to vary  negatively by more than $330,000
from the EBITDA  projected  for such three month period in the Business  Plan in
effect on the date  thereof,  and (iii) three month period ended August 31, 2006
to vary  negatively  by more than  $330,000  from the EBITDA  projected for such
three  month  period  in  the  Business  Plan  in  effect  on the  date  thereof
(collectively,  the "Identified Events of Default"). The foregoing provisions of
this Section 4 relate solely to the Identified Events of Default and shall in no
way be deemed or construed  as a waiver by Lender of any other  Default or Event
of  Default  under the Loan  Agreement  or any  other  Loan  Document,  known or
unknown,  now  existing  or  occurring  subsequent  to the  date of  this  Fifth
Amendment.  Lender  expressly  reserves  the full extent of its rights under the
Loan Agreement,  the other Loan Documents and applicable law with respect to any
Default or Event of Default existing on the date hereof and not specified herein
as an Identified Event of Default.

     5. Representations and Warranties.  Borrower hereby represents and warrants
to the Lender that:

     (a) the execution,  delivery, and performance of this Fifth Amendment,  the
Loan Agreement and the other Loan Documents (i) are within Borrower's  corporate
powers, (ii) have been duly authorized by all necessary corporate action,  (iii)
do not  require  any  approval  or consent of any Person  under any  contractual
obligation  of the Borrower and (iv) do not  contravene  (A) any law,  rule,  or
regulation, or any order, judgment,  decree, writ or injunction, or award of any
arbitrator,  court,  or  Governmental  Authority,  (B) the terms of its charter,
bylaws  or  other  operative  or  formative  documents  or (C) any  contract  or
undertaking  to which it is a party or by  which  any of its  properties  may be
bound or affected;

     (b) this Fifth Amendment has been duly executed and delivered by Borrower;

     (c)  this  Fifth  Amendment  and the  Loan  Agreement  and the  other  Loan
Documents,  each  as  previously  amended  and  as  amended  hereby,  constitute
Borrower's legal, valid, and binding  obligations,  enforceable against Borrower
in accordance with their respective terms;

     (d)  Borrower is in  compliance  with all of the terms and  provisions  set
forth in the  Loan  Agreement  and each of the  other  Loan  Documents,  each as
previously  amended  and as  amended  hereby,  on its  part  to be  observed  or
performed on or prior to the date hereof; and

     (e) after  giving  effect to this Fifth  Amendment,  no Default or Event of
Default has occurred  and is  continuing  under the Loan  Agreement or any other
Loan Document.

     6.  Reaffirmation.  Borrower further reaffirms all of its obligations under
the Loan Agreement and the other Loan Documents,  each as previously amended and
as amended hereby.

     7. Effect on Loan  Agreement.  Except as  expressly  provided  herein,  the
execution,  delivery,  and performance of this Fifth Amendment shall not operate
as a waiver or an amendment of any right,  power,  or remedy of the Lender under
the Loan  Agreement or any other Loan Document.  Except to the extent  expressly
amended  hereby,  the Loan  Agreement  and all  other  Loan  Documents  shall be
unaffected  hereby,  shall continue in full force and effect,  are hereby in all
respects ratified and confirmed,  and shall constitute the legal, valid, binding
and enforceable obligations of Borrower to the Lender.

     8. No Novation; Entire Agreement. This Fifth Amendment evidences solely the
amendment of certain terms and  provisions of Borrower's  obligations  under the
Loan  Agreement  expressly  set forth  herein and is not a novation or discharge
thereof. There are no other understandings,  express or implied,  between Lender
and Borrower regarding the subject matter hereof.

     9. Choice of Law. The validity of this Fifth Amendment,  its  construction,
interpretation and enforcement,  and the rights of the parties hereunder,  shall
be determined  under,  governed by, and construed in accordance with the laws of
The  Commonwealth  of   Massachusetts   without  regard  to  conflicts  of  laws
principles.

     10. Definitions and Construction.

     (a) Capitalized  terms used but not otherwise defined herein shall have the
respective  meanings  given  to such  terms in the Loan  Agreement,  as  amended
hereby.

     (b)  Upon  and  after  the  effectiveness  of this  Fifth  Amendment,  each
reference in the Loan  Agreement  to "this  Agreement",  "hereunder",  "herein",
"hereof"  or words of like  import  referring  to the Loan  Agreement,  and each
reference  in the other Loan  Documents to "the Loan  Agreement",  "thereunder",
"therein",  "thereof",  or words of like import referring to the Loan Agreement,
shall mean and be a reference to the Loan Agreement as amended hereby.

     11.  Counterparts;  Telefacsimile  Execution.  This Fifth  Amendment may be
executed  in any number of  counterparts  and by  different  parties in separate
counterparts,  each of which when so executed and delivered,  shall be deemed an
original,  and all of which,  when taken together,  shall constitute one and the
same instrument. Delivery of an executed counterpart of a signature page to this
Fifth  Amendment  by  facsimile  shall be as effective as delivery of a manually
executed  counterpart of this Fifth Amendment.  Any party delivering an executed
counterpart  of this Fifth  Amendment by facsimile also shall deliver a manually
executed  counterpart  of this  Fifth  Amendment  but the  failure  to deliver a
manually executed counterpart shall not affect the validity, enforceability, and
binding effect of this Fifth Amendment.

                   [Signatures appear on the following page.]

<PAGE>

     IN WITNESS  WHEREOF,  Borrower and Lender caused this Fifth Amendment to be
executed as of the date first above written.

                                    BORROWER:

                                    HARVEY ELECTRONICS, INC.

                                    By: /s/ Joseph J. Calabrese
                                        ------------------------------
                                        Joseph J. Calabrese
                                        Executive Vice President and
                                        Chief Financial Officer

                                   LENDER:

                                   WEBSTER BUSINESS CREDIT CORPORATION

                                   By: /s/ Patrick Wallace
                                       ------------------------------
                                       Patrick Wallace

<PAGE>
                                    Exhibit A

            Form of Amendment No. 1 to Securities Purchase Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}]]