Document:

GolfRounds.com, Inc.
                                 375 Main Street

                          Bedminister, New Jersey 07921

                                             March 16, 2000

To each of the Stockholders of
GolfRounds.com, Inc.
listed on Schedule A hereto

                  Re:      Registration Rights and Lock-up

Dear Stockholder:

     In consideration for M.H. Meyerson & Co., Inc. acting as the placement
agent for an offering of 1,333,005 shares of common stock, par value $.01 per
share ("Common Stock"), of GolfRounds.com, Inc. pursuant to a Confidential Term
Sheet dated March 3, 2000 ("Private Offering"), we hereby agree that you shall
have the same rights to have the Company register your shares for resale, and
you shall be subject to the same restrictions on resale of your shares, as are
set forth in Section 7 of the Subscription Agreement between the Company and
each of the investors in the Private Offering.

     If you agree with the foregoing, please sign this letter in the space
provided below and return it to us at the above address.

                                          Very truly yours,

                                          GolfRounds.com, Inc.

                                          By: __________________________________
                                          Robert H. Donehew, Vice President and
                                          Treasurer

ACCEPTED AND AGREED:

------------------------
(Print name of Stockholder)

By:_________________________
   Name:
   Title:

<PAGE>

                                   Schedule A

                                       to
                      Letter Agreement dated March 16, 2000

Name and Address of Stockholder                    Number of Shares Owned
-------------------------------                    ----------------------

The Rachel Beth Heller 1997 Trust dated                    70,000
7/9/97

Lawrence Kupferberg, Trustee
74 Farview Road
Tenafly, New Jersey 07670

SS #: ###-##-####

The Evan Todd Heller 1997 Trust dated                      70,000
6/17/97

Lawrence Kupferberg, Trustee
74 Farview Road
Tenafly, New Jersey 07670

SS #: ###-##-####

Martan & Co.                                               70,000
525 Washington Blvd., 34th Floor
Jersey City, New Jersey 07310
Eugene Whitehouse, Vice President
Tax ID#:  13-1924455

Donehew Fund Limited Partnership                           70,000
Donehew Capital LLC General Partner
111 Village Parkway, Building #2
Marietta, Georgia 30067
Attn: Robert H. Donehew
Tax ID #:  83-0316971

Jonathan & Nancy Glaser Family Trust dated                 40,000
12/16/98

Jonathan & Nancy Ellen Glaser, Trustee
1999 Avenue of the Stars, Suite 2530
Los Angeles, California 90067
Tax ID #:  ###-##-####

17392.2

<PAGE>

W. Robert Ramsdell                                         40,000
474 Paseo Miramar
Pacific Palisades, California 90272
SS #:  ###-##-####

Nagelberg Family Trust dated 9/24/97                       140,000
David S. Nagelberg &
Bette Nagelberg, Trustees
P.O. Box 2142
Rancho Santa Fe, California 92067
Tax ID #:  12-2442177As of April 9, 2000

From:  Coutts & Co.
          440 Strand
          London WC2R 0QS

          Bankgesellschaft Berlin A.G.
          No. 1 Crown Court
          Cheapside
          London  EC2V 6JP

To:      Overseas Filmgroup, Inc.
          8800 Sunset Boulevard
          Los Angeles, California 90069

          Re: Restated and Amended Syndication Agreement dated as of October 31,
          1996 (the "Syndication Agreement") among Coutts & Co. ("Coutts"),
          Bankgesellschaft Berlin A.G. ("Bankgesellschaft") (Coutts and
          Bankgesellschaft collectively referred to herein as the "Banks"),
          Overseas Filmgroup, Inc. and Entertainment/Media Acquisition
          Corporation (the "Company") as amended and extended by that certain
          amendment dated as of April 14, 1998 (the "1998 Amendment") and that
          certain amendment dated as of April 9, 1999 (the "1999 Amendment").

Dear Sirs:

This letter (the "Amendment") constitutes an amendment to the Syndication
Agreement on the terms set forth below. Capitalized terms used but not defined
herein shall have the meaning set forth in the Syndication Agreement.

1. Extension: Subject to the Company's continued compliance with the terms of
the Syndication Agreement and the terms of 1998 Amendment and the 1999
Amendment, the Company's compliance with the terms of this letter agreement and
the continuing agreement of the Littles to the provisions of paragraph 6. of the
1999 Amendment, we hereby agree that all references to 9th May (and such later
dates as provided by earlier amendment) in clauses 2.8 and 17 of the Syndication
Agreement shall be deemed to be references to April 15, 2001. Notwithstanding
the foregoing, it is hereby acknowledged that, with the consent of the Company,
Coutts and Bankgesellschaft have each issued the City National Bank Letter of

<PAGE>

Overseas Filmgroup, Inc.
As of April 9, 2000
Page 2

Credit (which is security for the City National Facility) with an expiry date of
10 July 2000, but that subject to the terms hereof, Coutts and Bankgesellschaft
shall, if requested by the Company, extend the expiry date of the City National
Letter of Credit up to 15 April 2001.

2. Borrowing Limits: The borrowing limits and the conditions thereof as set
forth in the 1998 Amendment shall remain in full force and effect through April
15, 2001, save that references in Clause 2 of the 1998 Amendment to the Cash
Flow Schedule shall be deemed to be references to the cash flow schedule
supplied by the Company to Coutts for the period March 2000 through April 2001,
a copy of which is attached hereto. For the avoidance of doubt, payment of all
fees, interest and expenses payable pursuant to the Syndication Agreement are to
be kept current. Without prejudice to the foregoing, in the event the Banks
capitalize the same (which they may do in their absolute discretion) interest
shall be charged at the rate set out in clause 5.7 of the Syndication Agreement.

3. Extension of Individual Film Facilities: With respect to all Film Facilities
outstanding at the date hereof, notwithstanding the maturity date set forth in
each of the Film Facilities, Coutts and Bankgesellschaft agree to waive such
maturity dates and agree that the maturity date for the Film Facilities for
Alive and Kicking, Body of a Woman, Brother's Kiss, Countdown, Designated
Mourner, Road to Ruin, Godmoney, Infinity, Johns, Keep the Aspidistra Flying,
Lifebreath, One Good Turn, Slaves to the Underground, Stand Ins and This is the
Sea shall be April 15, 2001.

4. Fees and Interest: Pursuant to paragraph 5. of the 1999 Amendment, the
Company was obligated to pay certain extension fees to Agent which, since the
execution of the 1999 Amendment, the Agent has allowed the Company to defer.
Currently, the Company owes $190,000 of deferred extension fees (the "Deferred
Extension Fees"). The Deferred Extension Fees shall be payable by the Company on
the earlier of: (i) the date upon which Company has secured a new credit line
which shall as a result refinance the Banks or (ii) July 31, 2000.

With respect to the current extension, Agent shall receive an extension fee of
US$20,833.33 per month or part thereof, the first such payment to be made on
April 9, 2000 and thereafter at monthly intervals on the first day of each month
starting on May 1, 2000 until further notice.

5.       Certain Waivers:

          (a)  The Banks hereby waive any non-compliance with Clause 10.1
               wherein the Company is required to submit certain financial
               information to the Banks at the required times specified in the
               various sub-clauses within Clause 10.1
<PAGE>
Overseas Filmgroup, Inc.
As of April 9, 2000
Page 3

          (b)  Notwithstanding Clause 11.1.1 of the Syndication Agreement,
               pursuant to the 1998 Amendment and the 1999 Amendment, the Banks
               amended Clause 11.1.1 of the Syndication Agreement in relation to
               a minimum net worth (the "Net Worth Covenant") to provide that
               such Net Worth Covenant would be $11,000,000 through April 9,
               2000. From April 9, 2000 until April 15, 2001 the banks hereby
               reinstate the Net Worth Covenant of $12,000,000.

          (c)  The Banks hereby acknowledge that certain unsecured liabilities
               incurred in the ordinary course of business as provided under
               Clause 11.1.3.1 of the Syndication Agreement are more than
               forty-five days past due and the Banks waive any non-compliance
               with Clause 11.1.3.1 of the Syndication Agreement in connection
               therewith as of the date hereof, prior thereto and through April
               15, 2001.

          (d)  Notwithstanding Clause 11.1.4 of the Syndication Agreement, the
               Banks hereby waive as of the date of this Agreement and/or prior
               thereto the Banks' requirements for letters of credit or bank
               guarantees for License Agreements with Subdistributors. However,
               the Banks specifically reserve all their rights pursuant to the
               Syndication Agreement and Clause 11.1.4 thereof in particular to
               require irrevocable letters of credit or bank guarantees to
               secure payments under any License Agreements entered into after
               the date hereof.

          (e)  Notwithstanding Clause 11.2 of the Syndication Agreement, the
               Banks hereby acknowledge that the overhead budget as agreed with
               Coutts and Bankgesellschaft has been exceeded and the Banks
               hereby waive any non-compliance with paragraph 11.2 as of the
               date of this Agreement and/or prior thereto. The Banks
               acknowledge and approve the overhead budget as set forth in the
               cash flow schedule attached hereto as the applicable overhead
               budget from the date hereof for the next twelve months.

          (f)  The Banks hereby waive any non-compliance with Clause 11.4
               wherein the Banks require that receivables in connection with
               each Film Facility shall not be less than 30% of the amount
               outstanding under such Film Facility, as of the date of this
               Agreement, prior thereto and through April 15, 2001. However, the
               Banks do not waive their rights with respect to Clause 11.4 at
               all times after the date hereof.

5. Governing Law and Jurisdiction: This Amendment shall be governed by and
construed in accordance with English law and the parties hereby submit to the
non-exclusive jurisdiction of the English Courts and the state and federal
courts located in Los Angeles, California.

<PAGE>
Overseas Filmgroup, Inc.
As of April 9, 2000
Page 4

This Amendment sets out, inter alia, the terms under which the Syndication
Agreement is amended. Except as expressly provided herein, the Syndication
Agreement, as hereby amended, shall remain in full force and effect. The parties
hereto agree to use their best efforts to expeditiously effectuate any further
documents and/or instruments reasonably requested or necessary to carry out the
intention of the provisions hereof. This Amendment may be executed in any number
of counterparts each of which, when executed, shall be deemed an original and
all of which shall together constitute one and the same agreement. When signed
by all the parties hereto, this Amendment shall be a binding agreement on the
parties hereto.

<PAGE>
Overseas Filmgroup, Inc.
As of April 9, 2000
Page 5

Please sign and return the enclosed copies of this letter to indicate your
agreement to the foregoing.

                                           Yours faithfully
                                           for and on behalf of Coutts & Co.
                                                /s/ Neil Phelps
                                           By:_______________________
                                           Its:_______________________

                                           for and on behalf of Bankgesellschaft
                                           Berlin A.G.

                                                /s/ Torsten Thiele
                                           By:_______________________
                                           Its:_______________________

                                                /s/ Gabriela Sarafjan
                                           By:_______________________
                                           Its:_______________________

ACCEPTED AND AGREED
AS OF THE DATE WRITTEN ABOVE:

Overseas Filmgroup, Inc.

   /s/ William F. Lischak
By:_________________________

Its:Chief Financial Officer

ACCEPTED AND AGREED
AS OF THE DATE WRITTEN ABOVE:

Ellen Little (in her capacity as an individual)

   /s/ Ellen Little
_______________________________________________

Robert Little (in his capacity as an individual)

   /s/ Robert Little
_______________________________________________

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