Document:

<PAGE>
                                                                  EXHIBIT 10.22

                                                                  EXECUTION COPY

THIS AGREEMENT is made the 9 day of August 2002

BETWEEN:

(1)     ANDY LOWN of 43A Charleville Road West Kensington London W14 9JJ ("the
        Executive")

(2)     MTS., INC TRADING AS TOWER RECORDS incorporated in California whose
        principal place of business is at 2500 Del Monte Street, West
        Sacramento, California 95691 ("the Company")

1.      BACKGROUND:

(A)     The Company employs the Executive as the Senior Vice President and
        Director of European Operations.

(B)     Since on or about May 2001 the Company has been experiencing adverse
        trading conditions in the UK and having recognised the Executive as a
        key contributor to the survival and success of the Company's UK and
        Irish businesses has been in discussions with the Executive since that
        time about the terms of a proposed retention plan to incentivise the
        Executive to remain employed with the Company and to co-operate in an
        orderly transition of the Company's UK and Irish businesses to new
        ownership or management.

(C)     The Company currently proposes either to:

        (a)     sell or franchise all of the Company's UK and Irish business
                operations to one or more third parties; and/or

        (b)     close all of the Company's UK and Irish business operations
                (excluding www.towerrecords.co.uk); or

        (c)     a combination of (a) and (b) above.

(D)     The Company now wishes to record the terms agreed for the retention and
        incentivisation of the Executive and the Executive agrees to remain
        employed, assist, advise and co-operate with the Company to achieve the
        Company's objectives as set out in recital B above on the terms set out
        in this Agreement.

IT IS AGREED AS FOLLOWS:

2.      DEFINITIONS AND INTERPRETATION

2.1     In this Agreement, unless the context otherwise requires, the following
        expressions have the following meanings:

        "ADVISOR"           Susan-Jane Davies, Hammond Suddards Edge, 7
                            Devonshire Square, Cutlers Gardens, London EC2M 4YH;

                                        1

<PAGE>

        "AGREEMENT"         this Agreement including the Schedule;

        "BOARD"             the board of directors of the Company from time to
                            time and includes any committee of the Board duly
                            appointed by it;

        "BUSINESSES"        the retail sales and marketing of recorded music,
                            books, videos, DVD's and any trade or other
                            commercial activity which is carried on by the
                            Company during the Employment, or which the Company
                            shall have determined during the Employment to carry
                            on with a view to profit in the immediate or
                            foreseeable future after the Employment ends;

        "COMPANY            any improvement, invention or discovery made by the
        INVENTION"          Executive which in accordance with Section 39,
                            Patents Act 1977 is the property of the Company;

        "CONFIDENTIAL       any trade secrets or other information which is
        INFORMATION"        confidential, commercially sensitive and is not in
                            the public domain relating or belonging to the
                            Company including but not limited to information
                            relating to the business methods, corporate plans,
                            management systems, finances, any information
                            concerning a third party or the Company's
                            restructuring proposals in Europe; new business
                            opportunities, research and development projects,
                            marketing or sales of any past, present or future
                            product or service, secret formulae, research and
                            experimental work, processes, inventions, designs,
                            know-how discoveries, technical specifications and
                            other technical information relating to the
                            creation, production or supply of any past, present
                            or future product or service of the Company, lists
                            or details of clients, potential clients or
                            suppliers or the arrangements made with any client
                            or supplier and any information in respect of which
                            the Company owes an obligation of confidentiality
                            to any third party;

                                       2

<PAGE>

        "DUTIES"            the additional duties of the Executive as set out in
                            clause 6;

        "EMPLOYMENT"        the period of the Executive's employment with the
                            Company;

        "MATERIAL INTEREST" (a)    the holding of any position (whether employed
                                   or engaged) or provision of services as
                                   director, officer, employee, consultant,
                                   adviser, partner, principal, agent or
                                   volunteer;

                            (b)    the direct or indirect control or ownership
                                   (whether jointly or alone) of any shares (or
                                   any voting rights attached to them) or
                                   debentures save for the ownership for
                                   investment purposes only of not more than 5
                                   per cent of the issued ordinary shares of any
                                   company whose shares are listed on any
                                   Recognised Exchange; or

                            (c)    the direct or indirect provision of any
                                   financial assistance;

        "PAYMENT DATE"      the date or dates (as the case may be) as referred
                            to at clause 3 of this Agreement

        "RETRENCHMENT PLANS"

                                   (a)    the sale or franchise of all the
                                          Company's UK and Irish business
                                          operations to one or more third
                                          parties; and/or

                                   (b)    the closure of all the Company's UK
                                          and Irish business operations
                                          (excluding www.towerrecords.co.uk );
                                          or

                                   (c)    a combination of (a) and (b) above,
                                          provided that MTS, Inc. shall have
                                          completely closed or divested its UK
                                          and Irish

                                       3

<PAGE>

                                          business operations (except
                                          towerrecords.co.uk)

        "SUCCESS FEE"       a sum equal to:

                                   (i) the aggregate of L25,000 for each
                                   complete year of the Executive's service with
                                   the Company; and

                                   (ii) a further sum being the amount specified
                                   in sub-clause (i) above pro rated for each
                                   complete month worked in any incomplete year
                                   worked up to the Payment Date;

                                   (iii) subject to a maximum payment of
                                   L450,000 (subject to deductions); and

        "TERMINATION DATE"  the date on which the Employment terminates.

3.      SUCCESS FEE

3.1     As consideration for:

        (a)     the Executive's agreement to abide by the terms of this
                Agreement; and

        (b)     to reward the Executive for his continued employment and
                commitment to the Company; and

        (c)     the Executive's agreement to enter into a compromise agreement
                on the termination of the Employment in the form set out in the
                attached schedule 1;

        the Company shall pay the Executive the Success Fee (subject to
        applicable deductions for tax and national insurance contributions).

3.2     The Success Fee will be paid to the Executive in two lump sums as
        follows:

                (i)   L30,000 (less PAYE deductions) immediately on the
                      signing of this Agreement in consideration for the
                      Executive's consent herein to the variation of his terms
                      and conditions of employment as contained in clauses 6

                                       4

<PAGE>

                to 10 inclusive of this Agreement and further for the
                Executive's agreement to commit to achieving any one of the
                events listed in clause 2.1 above as being the Retrenchment
                Plans; and

        (ii)    the balance immediately on the happening of the first of the
                following events, provided always that the Executive has, prior
                to or concurrent with the payment of the balance of the Success
                Fee, signed, dated and delivered to the Company a comprise
                agreement in the form set out in the attached schedule 1:

                (A)     the completion of any one of the events listed in clause
                        2.1 above as being the Retrenchment Plans; or

                (B)     the Company or, if sooner, its UK and Irish Branch
                        business ceases trading for whatever reason; or

                (C)     the termination of the Executive's employment (save
                        where such termination is for cause)

3.3     The Success Fee will not be paid to the Executive if at any time up to
        the Payment Date one of the following conditions apply:

        (a)     the Executive gives notice to terminate his Employment other
                than for cause;

        (b)     the Executive breaches any material term of this Agreement or
                any material term and condition of his employment and fails to
                remedy the same (if capable of remedy) within a reasonable time
                after having been notified of such breach by the Employer in
                writing.

3.4     Where the Success Fee or any part of it is not paid to the Executive at
        the time it is due it shall earn interest at the rate of 2% per annum
        above the base lending rate of Barclays Bank plc from time to time.

4.      TAX

4.1     The Company agrees that it will within a reasonable period of time after
        the date of this Agreement write to the District Inspector of Taxes, HM
        Land Revenue (and thereafter supplying all such information as the
        District Inspector may require) seeking a clearance for such proportion
        of the Success Fee as can be attributed to compensation for loss of
        employment as referred to in clause 3.1 (c) and the Schedule to this
        Agreement.

4.2     The Executive agrees to keep the Company indemnified against any

                                       5

<PAGE>

        PAYE payable by the Executive in respect of the Success Fee in excess of
        any PAYE deduction made by the Company at source. The Company agrees to
        remit any PAYE deducted at source forthwith to the UK Inland Revenue and
        to keep the Executive fully indemnified against any demand for PAYE
        deducted by the Company and not so remitted

4.3     The Executive further agrees to indemnify and keep the Company
        indemnified against any liability to primary Class I National Insurance
        contributions in respect of the Success Fee in excess of any deduction
        made by the Company at source in respect of such liabilities.

5.      COSTS

5.1     The Company will pay the Executive's reasonable legal costs up to a
        maximum of $15000 (US dollars) (or the sterling equivalent at the
        exchange rate prevailing at the Payment Date) plus the equivalent of VAT
        incurred in respect of the advice received by the Executive as to the
        terms of this Agreement.

5.2     Payment of the Executive's legal costs will be made direct to the
        Advisor within 30 days after receipt by Michael Solomon of the Company
        at fax number (001) 916 373 3012 of copies of invoices from the
        Executive's solicitors addressed to the Executive but marked payable by
        the Company and accompanied by activity breakdowns supporting each
        invoice. Copies of the invoices and activity breakdowns shall also be
        sent by the Executive's Solicitors to Claire White at Osborne Clarke.

6.      DUTIES OF THE EXECUTIVE

6.1     During the Employment the Executive shall carry out such duties as may
        attach to the Executive's office or be assigned to or vested in the
        Executive by the Board from time to time (commensurate with his
        position) and exercise the powers consistent with such duties.

6.2     At all times during the Employment the Executive shall:

        (a)     unless prevented by ill health and except during holidays,
                devote the whole of the Executive's working time and attention
                to the Employment;

        (b)     perform the Duties faithfully and diligently;

        (c)     obey all lawful and reasonable directions of the Board, observe
                such restrictions or limitations as may from time to time be
                imposed by the Board upon the Executive's performance of the
                Duties and implement and abide by any relevant Company policy
                which may be promulgated or operated in practice from time to
                time;

                                       6
<PAGE>

        (d)     use best endeavours to promote the interests of the Company and
                shall not do or willingly permit to be done anything which is
                harmful to those interests; and

        (e)     keep the Board fully informed (in writing if so requested) of
                the Executive's conduct of the business or affairs of the
                Company and provide such explanations as the Board may require.

6.3     The Executive will use his best endeavours to facilitate the Company's
        Retrenchment Plans.

7.      INDEMNITY

7.1     The Company shall at its own cost forthwith upon signing this Agreement
        procure that the Executive shall be covered under a comprehensive
        directors and officers' indemnity policy in respect of the Employment
        and shall supply the Executive with the broker's or insurer's summary of
        cover and evidence of payment by the Company of the premium.

7.2     The Company agrees to indemnify the Executive to the extent permitted by
        law against any loss that the Executive sustains as a result of any act
        or omission on its behalf.

8.      OBLIGATIONS DURING EMPLOYMENT

8.1     INVENTIONS

        (a)     The Executive shall promptly disclose to the Company full
                details including, without limitation, any and all computer
                programs, photographs, plans, records, drawings and models, of
                any know-how, technique, process, improvement, invention or
                discovery (whether patentable or not) which the Executive
                (whether alone or with any other person) makes, conceives,
                creates, develops, writes, devises or acquires at any time
                during the Employment and which relates or which could relate,
                directly or indirectly, to the Businesses.

        (b)     If the know-how, technique, process, improvement, invention or
                discovery is a Company Invention, the Executive shall (to the
                extent that it does not automatically vest in the Company by
                operation of law) hold it in trust for the Company and, at the
                request and expense of the Company, do all things necessary or
                desirable (including entering into any agreement that the
                Company reasonably requires) to enable the Company or its
                nominee to obtain for itself the full benefit of and to secure
                patent or other appropriate forms of protection for the Company
                Invention throughout the world.

        (c)     If the know-how, technique , process, improvement, invention

                                      7

<PAGE>

                or discovery is not a Company Invention, the Company shall treat
                all information disclosed to it by the Executive as confidential
                property of the Executive.

        (d)     The patenting and exploitation of any Company Invention shall be
                at the sole discretion of the Company.

8.2     COPYRIGHT, ETC.

        (a)     The Executive shall promptly disclose to the Company all works
                including, without limitation, all copyright works or designs
                originated, conceived, developed, written or made by the
                Executive alone or with others during the Employment which
                relate, or could relate, to the Businesses and shall (to the
                extent that they do not automatically vest in the Company by
                operation of law) hold them in trust for the Company until such
                rights have been fully and absolutely vested in the Company.

        (b)     The Executive assigns to the Company by way of present and
                future assignment (to the extent not already vested in the
                Company by operation of law) all copyright, design rights and
                other proprietary rights (if any) for their full terms
                throughout the world in respect of all copyright works and
                designs originated, conceived, written, developed or made by the
                Executive alone or with others during the Employment which
                relate, or could relate, to the Businesses.

        (c)     The Executive irrevocably and unconditionally waives in favour
                of the Company any and all moral rights conferred on the
                Executive by Chapter IV, Part I, Copyright Designs and Patents
                Act 1988 and any other moral rights provided for under the laws
                now or in future in force in any part of the world for any work
                the rights in which are vested in the Company whether by
                sub-clause (b) or otherwise.

        (d)     The Executive shall, at the request and expense of the Company,
                do all things reasonably necessary or desirable (including
                entering into any agreement that the Company reasonably requires
                to vest the rights referred to in this clause in the Company) to
                substantiate the rights of the Company under sub-clauses (b) and
                (c).

                                       8

<PAGE>

8.3     The Executive irrevocably appoints the Company as his attorney in his
        name and on his behalf to execute documents, to use his name and to do
        all things which may be necessary or desirable for the Company to obtain
        for itself or its nominee the full benefit of the provisions of sub
        clause 8.1(b) and 8.2(b) and a certificate in writing signed by any
        director or the Company Secretary that any instrument or act falls
        within the authority conferred by this clause shall be conclusive
        evidence that such is the case so far as any third party is concerned.

8.4     CONFLICT OF INTEREST

        (a)     During the Employment, the Executive shall not (save as required
                by law):

                (i)     directly or indirectly disclose to any person or use
                        other than for any legitimate purposes of the Company
                        any Confidential Information;

                (ii)    without the Board's prior written permission hold any
                        Material Interest in any person which:

                        (A)     is wholly or partly in competition with any of
                                the Businesses;

                        (B)     impairs or might reasonably be thought by the
                                Company to impair the Executive's ability to act
                                at all times in the best interests of the
                                Company; or

                        (C)     requires or might reasonably be thought by the
                                Company to require the Executive to disclose or
                                make use of any Confidential Information in
                                order properly to discharge the Duties to or to
                                further the Executive's interest in that person;

                (iii)   at any time (whether during or outside normal working
                        hours) take any preparatory steps to become engaged or
                        interested in any capacity whatsoever in any business or
                        venture which is in or is intended to enter into
                        competition with any of the Businesses;

                (iv)    at any time make any untrue or misleading statement in
                        relation to the Company;

                (v)     carry out any public or private work other than the
                        Duties (whether for profit or otherwise and whether
                        during or outside normal working hours) except with the
                        prior written permission of the Board; or

                (vi)    directly or indirectly receive or obtain in respect of
                        any

                                       9

<PAGE>

                        goods or services sold or purchased or other business
                        transacted (whether or not by the Executive) by or on
                        behalf of the Company any discount, rebate, commission
                        or other inducement (whether in cash or in kind) which
                        is not authorised by any Company rules or guidelines
                        from time to time and if the Executive or any person in
                        which the Executive holds any Material Interest shall
                        obtain any such discount, rebate, commission or
                        inducement, the Executive shall immediately account to
                        the Company for the amount so received.

        (b)     The Executive shall, at any time during the Employment or
                following its termination, at the request of the Company return
                to the Company

                (i)     any documents, drawings, designs, computer files or
                        software, visual or audio tapes or other materials
                        containing information (including, without limitation,
                        Confidential Information) relating to the Company's
                        business created by, in the possession of or under the
                        control of the Executive; and

                (ii)    any other property of the Company or in his possession
                        or under his control.

        (c)     The Executive shall not make or keep or permit any person to
                make or keep on his behalf any copies or extracts of the items
                referred to in sub-clause (b) (i) in any medium or form. The
                Executive will, immediately, at the Company's request forward to
                or deliver up to the Company any information belonging to the
                Company from any computer and/or word processing system in his
                possession or under his control and, thereafter, confirm in
                writing that he has irrevocably removed all such property from
                his possession and control

9.      POST TERMINATION CO-OPERATION

        9.1     For a reasonable period following the termination of the
                Employment (not expected to be more than 3 months):

        (a)     at the request of the Company, the Executive shall assist it in
                any threatened or actual litigation concerning the Company where
                the Executive is in the possession or knowledge of any facts or
                matters which the Company reasonably considers relevant to such
                litigation. Such assistance includes but is not limited to
                giving statements, meeting with legal or other professional
                advisers, attending any legal hearing and giving evidence; and

                                       10

<PAGE>

        (b)     at the reasonable request of the Company, the Executive shall
                fully co-operate with the Company to assure a smooth transition
                of his responsibilities and projects to senior management of the
                Company and/or its designated representatives, any and all
                knowledge and/or information which the Executive has acquired
                during and/or as a result of his employment with the Company.

9.2     The Company shall pay the Executive an hourly consultancy fee of not
        less than the Executive's equivalent gross salary (which, for the
        avoidance of doubt excludes any bonus or retention payment) on the
        Termination Date prorated together with his costs and expenses incurred
        in giving his reasonable assistance pursuant to this clause 9.

10.     POST TERMINATION RESTRICTIONS

10.1    For the period of 12 months after the Termination Date, the Executive
        shall not directly or indirectly, whether on the Executive's own behalf
        or on behalf of another person solicit or entice away from the Company
        any person who is and was at the Termination Date or during the period
        of 12 months preceding the Termination Date, employed or engaged by the
        Company in any of the Businesses in a senior managerial, technical,
        supervisory, sales or marketing capacity and was a person with whom the
        Executive dealt in the course of the Duties and who by reason of such
        employment or engagement is likely to have knowledge of any trade
        secrets or Confidential Information of the Company.

10.2    At any time after the Termination Date, the Executive shall not:

        (a)     hold himself out (nor shall he permit another person to hold the
                Executive out) as being in any way currently connected with or
                interested in the Company (this will not prevent him from
                stating his length of service and job title or prior employment
                with the Company); or

        (b)     disclose to any person, or make use of any Confidential
                Information.

10.3    Each undertaking contained in clause 10 shall be separately construed as
        a separate and independent undertaking and whilst the restrictions in
        clause 10 are considered by the parties to be reasonable in all the
        circumstances the parties agree that if any one or more of such
        restrictions shall either taken by itself or themselves together be
        adjudged to be invalid, unlawful or unenforceable or go beyond what is
        reasonable in all the circumstances for the protection of the Company's
        legitimate interests but would be adjudged valid, lawful, enforceable or
        reasonable if any particular restriction or restrictions were deleted,
        restricted or limited in any particular manner (including without
        limitation any reduction in their duration) then the said restrictions

                                       11

<PAGE>

        shall apply with such deletions, restrictions or limitations as the case
        may be.

10.4    The undertakings contained in clause 10 are entered into by the parties
        after having been separately legally advised.

11.     CONFIDENTIALITY

        It is a condition of this Agreement that its terms shall remain
        confidential to the parties, the Executive's spouse (but only on terms
        securing continuing confidentiality) and their legal successors and
        their respective professional advisers. Except as agreed in this
        Agreement or otherwise required by law, no statement or comment shall be
        made by the parties or their respective employees or agents to any third
        party in relation to the terms or existence of this Agreement.

12.     CONFIDENTIAL INFORMATION

        The Executive shall not at any time disclose to any person, or use for
        the Executive's own purposes, or through lack of diligence cause the
        unauthorised disclosure of any Confidential Information although this
        restriction shall not apply to any Confidential Information coming into
        the public domain other than as a result of any breach by the Executive
        of this obligation.

13.     WARRANTY

        The Executive warrants that as at the date he signs this Agreement he
        does not have and is not aware of his having any claim whatsoever
        against the Company or any Group Company whether arising from his
        employment or otherwise.

14.     BREACH OF THE TERMS OF THIS AGREEMENT

        The Executive acknowledges that any breaches of this Agreement will
        entitle the Company to repayment of the Success Fee as well as any other
        relief as may be just or appropriate.

15.     ENTIRE AGREEMENT AND CONFLICTS

15.1    This Agreement sets out the entire agreement and understanding between
        the parties and supersedes all prior agreements, understanding or
        arrangements (whether oral or written) in respect of the subject matter
        of this Agreement.

15.2    The Executive acknowledges that he has entered into this Agreement in
        reliance only on the representations, warranties and promises
        specifically contained or incorporated in this Agreement and, save as
        expressly set out in this Agreement, neither the Company, any Group
        Company or any of its or their employees, officers or agents shall have
        any liability in respect of any other representation, warranty or
        promise

                                       12

<PAGE>

        made prior to the date of this Agreement unless it was made
        fraudulently.

16.     JURISDICTION

        This Agreement shall be governed by and construed in all respects in
        accordance with the laws of England and Wales and each of the parties to
        this Agreement irrevocably submits to the non exclusive jurisdiction of
        the English courts.

        In witness this Deed has been executed on the date appearing at the head
        of page 1.

EXECUTED as a DEED by              )
Andy Lown                          )
in the presence of:                )

Signature of witness: /s/ WG WALLACE

Name: WG WALLACE

ADDRESS:  2A DENMARK TERRACE, FORTIS GREEN,
          LONDON UK N29HG

EXECUTED as a Deed (but not        )
delivered until the date           )
appearing at the head of           )
page 1) by MTS, Inc

Acting by: Michael T. Solomon      )

                                   Director

                                   Director/Secretary

                                       13

<PAGE>

                                   SCHEDULE 1

                              COMPROMISE AGREEMENT

                                       14
<PAGE>

                                                              WITHOUT PREJUDICE

This Agreement is made the 9 day of August 2002

BETWEEN:

(1)     ANDY LOWN of 43A Chadeville Road, West Kensington, London W14 9JJ ("the
        Executive")

(2)     MTS Inc trading as Tower Records incorporated in California whose
        principal place of business is at 2500 Del Monte Street, West
        Sacramento, California 95961 ("THE COMPANY")

BACKGROUND:

(A)     The Executive was employed by the Company as Senior Vice President and
        Director of European Operations.

(B)     The Executive asserts various claims against the Company arising out of
        the termination of his employment including unfair dismissal contrary to
        section 94 of the Employment Rights Act 1996 and breach of contract.

(C)     The parties have agreed terms of settlement of such claims as set out in
        this Agreement.

IT IS AGREED as follows:

1.      DEFINITIONS AND INTERPRETATION

1.1     In this Agreement, unless the context otherwise requires, the following
        words have the following meanings:

        "ADVISOR"           the legal adviser referred to in clause 14.1;

        "CONFIDENTIAL       any trade secrets or other information which is
        INFORMATION"        confidential, commercially sensitive and is not in
                            the public domain relating or belonging to the
                            Company including but not limited to information
                            relating to the business methods, corporate plans,
                            management systems, finances, any information
                            concerning a third party or the Company's
                            restructuring proposals in Europe; new business
                            opportunities, research and development projects,
                            marketing or sales of any past, present or future
                            product or service, secret formulae, research and
                            experimental work, processes, inventions, designs,
                            know-how discoveries, technical

                                       1
<PAGE>

                                                              WITHOUT PREJUDICE

                            specifications and other technical information
                            relating to the creation, production or supply of
                            any past, present or future product or service of
                            the Company, lists or details of clients, potential
                            clients or suppliers or the arrangements made with
                            any client or supplier and any information in
                            respect of which the Company owes an obligation of
                            confidentiality to any third party;

        "GROUP COMPANY"     the Company and any holding company, subsidiary or
                            subsidiary of a holding company of the Company, the
                            terms "holding company" and "subsidiary" having the
                            meanings given to them in Section 736 Companies Act
                            1985;

        "RETENTION          The Retention Agreement made between the Executive
        AGREEMENT"          and the Company on or about 24 July 2002;

        "RETAINED PROPERTY" all property belonging to the Company which it is
                            agreed in writing by the Company that the Executive
                            may retain as his absolute property as from the
                            Termination Date

        "TERMINATION        -;  and
        DATE"

        "TERMINATION        the payment referred to in clause 6.
        PAYMENT"

1.2     In this agreement, unless the context otherwise requires:

        (a)     words in the singular include the plural and vice versa and
                words in one gender include any other gender;

        (b)     a reference to a statute or statutory provision includes:

                (i)     any subordinate legislation (as defined in Section
                        21(1), Interpretation Act 1978) made under it;

                (ii)    any statute or statutory provision which modifies,
                        consolidates, re-enacts or supersedes it.

        (c)     a reference to:

                (i)     a "PERSON" includes any individual, firm, body
                        corporate, association or partnership, government or
                        state (whether or not having a separate legal
                        personality);

                                       2

<PAGE>

                                                              WITHOUT PREJUDICE

                (ii)    "CLAUSES" and "SCHEDULES" is to clauses of and schedules
                        to this Agreement and references to sub-clauses and
                        paragraphs are references to sub-clauses and paragraphs
                        of the clause or schedule in which they appear;

                (iii)   "INDEMNIFY" and "INDEMNIFYING" any person against any
                        circumstance include indemnifying and keeping him
                        harmless from all actions, claims and proceedings from
                        time to time made against him and all loss or damage and
                        all payments, costs or expenses made or incurred by that
                        person as a consequence of or which would not have
                        arisen but for that circumstance.

        (d)     headings are for convenience only and shall not affect the
                interpretation of this Agreement.

2       TERMINATION OF EMPLOYMENT

2.1     The Executive's employment with the Company will end on the Termination
        Date. Up to and including the Termination Date, the Executive shall
        remain employed by the Company on his existing terms and conditions of
        employment which shall remain in full force and effect except as varied
        by this Agreement.

2.2     It is agreed that the Executive shall be paid all his remaining accrued
        but untaken annual leave entitlement for the period up to the
        Termination Date and that no accrued holiday will be forfeit for failure
        to take it prior to the Termination Date

3.      PAY UP TO AND INCLUDING THE TERMINATION DATE

3.1     The Company will pay to the Executive on or before the Termination Date
        his normal salary accrued to the Termination Date and all accrued but
        untaken holiday entitlement subject to the deduction by the Company of
        income tax in accordance with the Executive's PAYE tax coding and
        primary class 1 National Insurance contributions.

3.2     The Company will continue to provide to the Executive up to the
        Termination Date all benefits to which the Executive is entitled under
        the Executive's contract of employment with the Company subject to the
        rules of the schemes or plans.

4.      SETTLEMENT OF CLAIMS

4.1     The terms set out in this Agreement have been agreed between the
        Executive and the Company in full and final settlement of the claims the
        Executive has alleged or may have against the Company, any Group Company
        or any of its or their officers, employees or agents in respect of the
        Executive's complaint of unfair dismissal contrary to section 94

                                       3
<PAGE>

                                                              WITHOUT PREJUDICE

        of the Employment Rights Act 1996 and any and all breaches of contract.

4.2     It is the further intention of the parties that the terms of this
        Agreement shall be in full and final settlement of any other claims the
        Executive has or may have against the Company, any Group Company or any
        of its or their officers, employees or agents arising directly or
        indirectly from the Executive's employment by the Company, and/or the
        termination of such employment. Such claims may include (but are not
        limited to) any claims the Executive may have at common law or under
        United Kingdom or English and Welsh or applicable European Community
        legislation in respect of

        (a)     unlawful deduction from wages under Part II of the Employment
                Rights Act 1996;

        (b)     a redundancy payment (statutory or otherwise);

        (c)     sex, race or disability discrimination;

        (d)     equal pay;

        (e)     harassment under Section 3 Protection from Harassment Act 1997;

        (f)     breach of the Working Time Regulations 1998;

        (g)     breach of the Executive's rights in respect of accompaniment at
                disciplinary or grievance hearings under s.10 - 12 Employment
                Relations Act 1996;

        (h)     any claim in respect of the infringement of the statutory
                employment rights set out in the Trade Union and Labour
                Relations (Consolidation) Act 1992;

        (i)     any claim for breach of a right to time off under Reg 27
                Transnational Information and Consultation Regulations 1999;

        (j)     breach of The Maternity and Parental Leave etc. Regulations
                1999;

        but expressly excluding any latent personal injury claim.

5.      EXPENSES

        The Company will pay to the Executive on or before the Termination Date,
        reimbursement of expenses incurred by the Executive in the performance
        of the Executive's duties on or before the Termination Date provided
        that such expenses have been incurred and reclaimed in accordance with
        the Company's expenses policy.

                                       4

<PAGE>

                                                              WITHOUT PREJUDICE

6.      TERMINATION PAYMENT

6.1     The Company shall pay to the Executive the whole or any balance
        remaining payable together with accrued interest (if any) of the Success
        Fee as defined in the Retention Agreement as compensation for loss of
        employment, such payment to be made on the Termination Date.

6.2     The Termination Payment shall include payment in lieu of the Executive's
        entitlement to 12 week's notice.

7.      Tax

7.1     The Termination Payment will be paid subject to the deduction by the
        Company of

        (a)     income tax in accordance with the Executive's PAYE tax coding on
                the excess over the first L30,000 (subject to Inland Revenue
                clearance); and

        (b)     to the extent applicable, primary class I National Insurance
                contributions.

7.2

        (a)     The Company agrees to remit any PAYE deducted at source
                forthwith to the UK Inland Revenue and to keep the Executive
                fully indemnified against any demand for PAYE deducted by the
                Company and not so remitted

        (b)     The Company makes no warranty as to the taxable status of the
                Termination Payment and, accordingly, the Executive agrees to
                indemnify and keep the Company indemnified against any PAYE
                liability in respect of the payment of the Termination Payment
                in excess of any deduction made by the Company at source in
                respect of such liability.

        (c)     The Executive further agrees to indemnify and keep the Company
                indemnified against any liability to primary Class I national
                insurance contributions in respect of the Termination Payment in
                excess of any deduction made by the Company at source in respect
                of such liabilities.

8.      EXECUTIVE'S WARRANTIES

8.1     The Executive, having taken independent legal advice, warrants that:

        (a)     except for any claim expressly set out or referred to in sub
                clause 4.1 of this Agreement he has no claims whatsoever against
                the Company, any Group Company or any of its officers, employees
                or agents arising directly or indirectly from the

                                       5
<PAGE>

                                                              WITHOUT PREJUDICE

                Executive's employment by the Company and/or the termination of
                the employment.

        (b)     the Executive has not (nor has anyone on his behalf) directly or
                indirectly disclosed or divulged to any journalist, the press or
                the media generally or otherwise attempted to make public, the
                terms of this Agreement or the circumstances of his employment
                with the Company or its termination;

        (c)     the Executive has not knowingly withheld nor failed to disclose
                any material fact concerning the performance of his duties with
                the Company which would have entitled the Company to dismiss him
                summarily.

8.2     The Executive undertakes to repay to the Company the Termination Payment
        immediately upon demand in the event that the Executive commences any
        action, claim or proceedings in the Employment Tribunal or any other
        court against the Company, any Group Company or any of its or their
        officers, employees or agents in respect of any of the matters which are
        the subject of the Executive's warranty under clause 8.1 or are settled
        under the terms of clause 4.2 of this Agreement or if the Executive is
        in breach of his obligations under clauses 9, 10, 11, or 12 of this
        Agreement. The Executive agrees that in such circumstances, the
        Termination Payment will be recoverable as a debt.

9.      CONFIDENTIALITY

        It is a condition of this Agreement that its terms shall remain
        confidential to the parties and their legal and professional advisers.
        Except as agreed in this Agreement or otherwise required by law, no
        statement or comment shall be made by the parties or their respective
        employees or agents to any third party in relation to the terms or
        existence of this Agreement, the claims of the Executive settled by its
        terms or the circumstances of the termination of the Executive's
        employment.

10.     CONFIDENTIAL INFORMATION

        The Executive shall not at any time disclose to any person, or use for
        the Executive's own purposes or for the purposes of any third party, or
        through lack of diligence cause the unauthorised disclosure of any
        Confidential Information, although this restriction shall not apply to
        any Confidential Information which the Executive may be required to
        disclose to a Court of competent jurisdiction or to a professional body
        or because of professional regulations or which comes into the public
        domain other than as a result of any breach by the Executive of this
        obligation.

                                        6

<PAGE>

                                                              WITHOUT PREJUDICE

11.     COMPANY PROPERTY

11.1    The Executive warrants that, except for the Retained Property and any
        item of Company property which the Executive is expressly permitted to
        retain pursuant to this Agreement, all property belonging to the Company
        or any Group Company which is in the possession or control of the
        Executive has been returned to the Company in good working order.

11.2    The Executive further warrants that all information the Executive had in
        his possession or under his control relating to the Company, any Group
        Company or any of its or their clients or prospective clients by whom
        and in whatever format recorded (whether electronically, on paper, on
        audio or audio visual tape or otherwise) has been returned to the
        Company or otherwise destroyed.

11.3    The Executive warrants that the Executive has not retained any copies of
        the information referred to in clause 11.2, given any copies of the same
        to any person or retained the ability to access the information.

12.     RESTRICTIONS AND POST TERMINATION CO-OPERATION

12.1    The Executive acknowledges and confirms that he continues to be bound by
        the Restrictions contained in clauses 9 and 10 of the Retention
        Agreement.

12.2    The Executive acknowledges and confirms that he remains bound by the
        terms included at clause 12 of the Retention Agreement.

13.     Reference

13.1    The Company will following the signing of this Agreement supply the
        Executive with a written reference in a form to be agreed between Andy
        Lown and Mike Solomon and on reasonable request made by any third party
        thereafter provide a fair and objective reference for the Executive. Any
        request for a reference should be passed to Michael Solomon.

14.     LEGAL ADVICE

14.1    The Executive confirms:

        (a)     that he has received independent legal advice from Susan-Jane
                Davies, a qualified lawyer in the firm of Hammond Suddards Edge,
                (solicitors) of 7 Devonshire Square, Cutlers Gardens, London
                EC2M 4YH as to the terms and effect of this Agreement including
                in particular, its effect on his ability to pursue any claim
                before an Employment Tribunal;

        (b)     that the Advisor has advised him that there was in force when
                the Advisor gave the advice referred to in sub-clause (a) a
                contract or policy of insurance or indemnity covering the risk
                of

                                       7
<PAGE>

                                                              WITHOUT PREJUDICE

                a claim by the Executive in respect of loss arising in
                consequence of the advice; and

        (c)     that the Advisor will complete and provide to the Company within
                7 days of the date of this Agreement a letter in the form set
                out in Schedule I.

14.2    It is agreed that the conditions regulating compromise agreements under
        sections 203(3) Employment Rights Act 1996, 77(4A) Sex Discrimination
        Act 1975, 72(4A) Race Relations Act 1976 288(2B) Trade Union and Labour
        Relations (Consolidation) Act 1992 Regulation 35 Working Time
        Regulations 1998, s.9(3) Disability Discrimination Act 1995 and
        Regulation 9 of the Part-time Workers (Prevention of Less Favourable
        Treatment) Regulations 2000 are satisfied.

15.     THIRD PARTIES

15.1    No term of this Agreement is enforceable pursuant to the Contracts
        (Rights of Third Parties) Act 1999 by any person who is not a party to
        it.

16.     VARIATION

16.1    No purported variation of this Agreement shall be effective unless it is
        in writing and signed by or on behalf of each of the parties.

17.     ENTIRE AGREEMENT AND CONFLICTS

        (a)     This Agreement and the documents referred to herein sets out the
                entire agreement and understanding between the parties and
                supersedes all prior agreements, understanding or arrangements
                (whether oral or written) in respect of the subject matter of
                this Agreement.

        (b)     The Executive acknowledges that he has entered into this
                Agreement in reliance only on the representations, warranties
                and promises specifically contained or incorporated in this
                Agreement and, save as expressly set out in this Agreement, none
                of the Company, any Group Company or any of its or their
                employees, officers or agents shall have any liability in
                respect of any other representation, warranty or promise made
                prior to the date of this Agreement unless it was made
                fraudulently.

18.     JURISDICTION

        This Agreement shall be governed by and construed in all respects in
        accordance with the laws of England and Wales and each of the parties to
        this Agreement irrevocably submits to the non exclusive jurisdiction of
        the English courts.

                                       8

<PAGE>

                                                              WITHOUT PREJUDICE

THIS AGREEMENT has been signed on the date appearing at the head of page 1.

Signed by                                  )
ANDY LOWN                                  )

in the presence of:                        )

Signature of witness:

Name:

Address:

Signed by duly authorised signatory        )
for and on behalf of                       )
MTS., INC TRADING as TOWER RECORDS         )

                                       9
<PAGE>

                                                              WITHOUT PREJUDICE

                                   SCHEDULE I

         TO BE TYPED ON THE HEADED PAPER OF THE EXECUTIVE'S SOLICITORS

MTS., Inc trading as Tower Records
2500 Del Monte Street
West Sacramento
California 95691

Dear Sirs

ANDY LOWN ("EXECUTIVE")

I, Susan-Jane Davies, a Solicitor in Hammond Suddards Edge of 7 Devonshire
Square, Cutlers Gardens, London. EC2M 4YH confirm that I have given independent
legal advice to Andy Lown of 43A Charleville Road, West Kensington, London W14
9JJ as to the terms and effect of the attached agreement of [date] and in
particular its effect on his ability to pursue his rights before an Employment
Tribunal.

I confirm that I am a solicitor in the Supreme Court holding a current
practising certificate and that I am independent of your company for whom I have
never acted and have no current expectation of activity. I further confirm that,
at the time I gave the advice referred to above, there was in force a an
indemnity covering the risk of a claim by the Executive in respect of any loss
arising in consequence of that advice.

Yours faithfully

                                       10EXHIBIT 10(a)

                                U.S. $200,000,000

                  AMENDED AND RESTATED 364-DAY CREDIT AGREEMENT

                           Dated as of August 9, 2002

                                      Among

                              SNAP-ON INCORPORATED

                                   as Borrower

                                       and

                        THE INITIAL LENDERS NAMED HEREIN

                               as Initial Lenders

                                       and

                            SALOMON SMITH BARNEY INC.

                        as Lead Arranger and Book Manager

                                       and

                          BANC ONE CAPITAL MARKETS INC.

                                 as Co-Arranger

                                       and

                                 CITIBANK, N.A.

                                    as Agent

                                       and

                                  BANK ONE, NA

                              as Syndication Agent

<PAGE>
                  AMENDED AND RESTATED 364-DAY CREDIT AGREEMENT

                           Dated as of August 9, 2002

          SNAP-ON INCORPORATED, a Delaware corporation (the "Borrower"), the
banks, financial institutions and other institutional lenders (collectively, the
"Initial Lenders") party hereto, CITIBANK, N.A., as administrative agent
(together with any successor thereto appointed pursuant to Article VII of the
Existing Credit Agreement referred to below, the "Agent") for the Lenders (as
defined in the Existing Credit Agreement referred to below) , SALOMON SMITH
BARNEY INC., as Lead Arranger and Book Manager, BANC ONE CAPITAL MARKETS INC.,
as Co-Arranger, and BANK ONE, NA, as Syndication Agent hereby agree as follows:

                             PRELIMINARY STATEMENTS

          (1) The Borrower is party to an Amended and Restated 364-Day Credit
Agreement dated as of August 20, 2001, which amended and restated the Amended
and Restated 364-Day Credit Agreement dated as of August 21, 2000, which in turn
amended and restated the 364-Day Credit Agreement dated as of August 23, 1999
(as amended, supplemented or otherwise modified from time to time to (but not
including) the date of this Amendment and Restatement, the "Existing Credit
Agreement") with the banks, financial institutions and other institutional
lenders party thereto and Citibank, N.A., as Agent for the Lenders, Salomon
Smith Barney Inc., as Lead Arranger and Book Manager, Banc One Capital Markets
Inc., as Co-Arranger, and Bank One, NA, as Syndication Agent. Capitalized terms
not otherwise defined in this Amended and Restated 364-Day Credit Agreement
(this "Amendment and Restatement") shall have the same meanings as specified in
the Existing Credit Agreement.

          (2) The parties to this Amendment and Restatement desire to amend the
Existing Credit Agreement as set forth herein and to restate the Existing Credit
Agreement in its entirety to read as set forth in the Existing Credit Agreement
with the following amendments.

          (3) The Borrower has requested that the Lenders agree to extend credit
to it from time to time in an aggregate principal amount of U.S. $200,000,000
for general corporate purposes of the Borrower and its Subsidiaries not
otherwise prohibited under the terms of this Agreement. The Lenders have
indicated their willingness to agree to extend credit to the Borrower from time
to time in such amount on the terms and conditions of this Amendment and
Restatement.

          SECTION 1. Amendments to the Existing Credit Agreement. (a) Section
1.01 of the Existing Credit Agreement is, effective as of the date of this
Amendment and Restatement and subject to the satisfaction of the conditions
precedent set forth in Section 2, hereby amended by deleting the definitions of
"Lenders" and "Termination Date" set forth therein and adding the following
definitions thereto:

                    "Lenders" means, collectively, each Initial Lender, each
          Assuming Lender that shall become a party hereto pursuant to Section
          2.18 and each Person that shall become a party hereto pursuant to
          Section 8.07.

                    "Termination Date" means the earlier of (a) August 8, 2003,
          subject to extension thereof pursuant to Section 2.18 and (b) the date
          of termination in whole of the Commitments pursuant to Section 2.05 or
          6.01; provided, however, that the Termination Date of any Lender that
          is a Non-Consenting Lender to any requested extension pursuant to
          Section 2.18 shall be the Termination

<PAGE>
                                       2

          Date in effect immediately prior to the applicable Extension Date for
          all purposes of this Agreement.

          (b) Section 4.01(e) of the Existing Credit Agreement is amended by (i)
deleting the date "December 31, 2000" and substituting therefor the date
"December 31, 2001" and (ii) deleting the date "June 30, 2001" and substituting
therefor the date "June 30, 2002".

          (c) Schedule I to the Existing Credit Agreement is, effective as of
the date of this Amendment and Restatement and subject to the satisfaction of
the conditions precedent set forth in Section 2, deleted in its entirety and
replaced with Schedule I to this Amendment and Restatement.

          SECTION 2. Conditions of Effectiveness of this Amendment and
Restatement. This Amendment and Restatement shall become effective as of the
date first above written (the "Restatement Effective Date") when and only if:

                    (a) The Agent shall have received counterparts of this
          Amendment and Restatement executed by the Borrower and all of the
          Initial Lenders or, as to any of the Initial Lenders, advice
          satisfactory to the Agent that such Initial Lender has executed this
          Amendment and Restatement.

                    (b) On the Restatement Effective Date, the following
          statements shall be true and the Agent shall have received for the
          account of each Lender a certificate signed by a duly authorized
          officer of the Borrower, dated the Restatement Effective Date, stating
          that:

                              (i) The representations and warranties contained
                    in Section 4.01 of the Existing Credit Agreement are correct
                    on and as of the Restatement Effective Date, as though made
                    on and as of such date: and

                              (ii) No event has occurred and is continuing, or
                    shall occur as a result of the occurrence of the Restatement
                    Effective Date, that constitutes a Default.

                    (c) The Agent shall have received on or before the
          Restatement Effective Date the following, each dated such date and
          (unless otherwise specified below) in form and substance satisfactory
          to the Agent and in sufficient copies for each Initial Lender:

                              (i) The Revolving Credit Notes to the order of the
                    Lenders to the extent requested by any Lender pursuant to
                    Section 2.16 of the Existing Credit Agreement.

                              (ii) Certified copies of the resolutions of the
                    Board of Directors of the Borrower approving this Amendment
                    and Restatement and the Notes, and of all documents
                    evidencing other necessary corporate action and governmental
                    approvals, if any, with respect to this Amendment and
                    Restatement and the Notes.

                              (iii) A certificate of the Secretary or an
                    Assistant Secretary of the Borrower certifying the names and
                    true signatures of the officers of the Borrower authorized
                    to sign this Amendment and Restatement and the Notes and the
                    other documents to be delivered hereunder.

                              (iv) A favorable opinion of Susan F. Marrinan,
                    General Counsel of the Borrower, and a favorable opinion of
                    Foley & Lardner, counsel to the Borrower, substantially in
                    the form of Exhibit D-1 and Exhibit D-2 to the Existing
                    Credit

<PAGE>
                                       3

                    Agreement, respectively, and as to such other matters as any
                    Lender through the Agent may reasonably request.

          SECTION 3. Reference to and Effect on the Existing Credit Agreement
and the Notes. (a) On and after the effectiveness of this Amendment and
Restatement, each reference in the Existing Credit Agreement to "this
Agreement", "hereunder", "hereof" or words of like import referring to the
Existing Credit Agreement, and each reference in the Notes to "the Credit
Agreement", "thereunder", "thereof" or words of like import referring to the
Existing Credit Agreement, shall mean and be a reference to the Existing Credit
Agreement, as amended by this Amendment and Restatement.

          (b) The Existing Credit Agreement and the Notes, as specifically
amended by this Amendment and Restatement, are and shall continue to be in full
force and effect and are hereby in all respects ratified and confirmed.

          (c) Without limiting any of the other provisions of the Existing
Credit Agreement, as amended by this Amendment and Restatement, any references
in the Existing Credit Agreement to the phrases "on the date hereof", "on the
date of this Agreement" or words of similar import shall mean and be a reference
to the date of the Existing Credit Agreement (which is August 23, 1999).

          SECTION 4. Costs and Expenses. The Borrower agrees to pay on demand
all reasonable out-of-pocket costs and expenses of the Agent in connection with
the preparation, execution, delivery and administration, modification and
amendment of this Amendment and Restatement, the Notes and the other documents
to be delivered hereunder (including, without limitation, the reasonable and
documented fees and expenses of counsel for the Agent with respect hereto and
thereto) in accordance with the terms of Section 8.04 of the Existing Credit
Agreement.

          SECTION 5. Execution in Counterparts. This Amendment and Restatement
may be executed in any number of counterparts and by different parties hereto in
separate counterparts, each of which when so executed shall be deemed to be an
original and all of which taken together shall constitute one and the same
agreement. Delivery of an executed counterpart of a signature page to this
Amendment and Restatement by telecopier shall be effective as delivery of a
manually executed counterpart of this Amendment and Restatement.

          SECTION 6. Governing Law. This Amendment and Restatement shall be
governed by, and construed in accordance with, the laws of the State of New
York.

          IN WITNESS WHEREOF, the parties hereto have caused this Amendment and
Restatement to be executed by their respective officers thereunto duly
authorized, as of the date first above written.

                                  THE BORROWER

                                      SNAP-ON INCORPORATED

                                      By:      /s/ Denis J. Loverine
                                             ---------------------------
                                      Title:   Corporate Treasurer

<PAGE>
                                       4

                                  THE AGENT

                                      CITIBANK, N.A.,
                                        as Agent

                                      By:      /s/ Steven R. Victorin
                                             ---------------------------
                                      Title:   Vice President

                                  INITIAL LENDERS

                                      CITIBANK, N.A.

                                      By:      /s/ Steven R. Victorin
                                             ---------------------------
                                      Title:   Vice President

                                      BANK ONE, NA

                                      By:      /s/ Jenny A. Gilpin
                                             ---------------------------
                                      Title:   Director

                                      SVENSKA HANDELSBANKEN AB (PUBL)

                                      By:      /s/ Mikael Westerback
                                             ---------------------------
                                      Title:   Vice President

                                      By:      /s/ Illegible
                                             ---------------------------
                                      Title: SVP

                                      MIZUHO CORPORATE BANK, LTD.

                                      By:      /s/ Hideki Shirato
                                             ---------------------------
                                      Title:   Deputy General Manager

                                      BANK OF AMERICA, N.A.

                                      By:      /s/ Kurt W. Anstaett
                                             ---------------------------
                                      Title:   Managing Director

                                      BARCLAYS BANK PLC

                                      By:      /s/ Nicholas Bell
                                             ---------------------------
                                      Title:   Director

                                      THE NORTHERN TRUST COMPANY

                                      By:      /s/ Illegible
                                             ---------------------------
                                      Title:   Second Vice President
<PAGE>
                                       5

                                      BANCA NAZIONALE DEL LAVORO S.P.A.,
                                      NEW YORK BRANCH

                                      By:      /s/ Francesco DiMario
                                             ---------------------------
                                      Title:   Vice President

                                      By:      /s/ Carlo Vecchi
                                             ---------------------------
                                      Title:   Senior Vice President

                                      FIRSTAR BANK, N.A.

                                      By:      /s/ Janell W. Stanosz
                                             ---------------------------
                                      Title:   Vice President

<PAGE>
                                                                      SCHEDULE I
                                                                          TO THE
                                                       AMENDMENT AND RESTATEMENT

<TABLE>
                   COMMITMENTS AND APPLICABLE LENDING OFFICES
<CAPTION>
------------------------------ -------------------- ---------------------------- ----------------------------
   Name of Initial Lender         Commitment        Domestic Lending Office      Eurocurrency Lending Office
------------------------------ -------------------- ---------------------------- ----------------------------
<S>                            <C>                  <C>                          <C>
Banca Nazionale del Lavoro     $20,000,000          25 West 51st Street          25 West 51st Street
S.p.A., New York Branch                             New York, NY  10019          New York, NY  10019
                                                    Attn:  Franco DiMario        Attn:  Franco DiMario
                                                    T:  212 314-0239             T:  212 314-0239
                                                    F:  212 765-2978             F:  212 765-2978
------------------------------ -------------------- ---------------------------- ----------------------------
Bank of America, N.A.          $17,500,000          1850 Gateway Blvd.           1850 Gateway Blvd.
                                                    Concord, CA 94520            Concord, CA 94520
                                                    Attn: Debbie Conchongco      Attn: Debbie Conchongco
                                                    T: 925 675-8913              T: 925 675-8913
                                                    F: 925 675-7539              F: 925 675-7539
------------------------------ -------------------- ---------------------------- ----------------------------
Barclays Bank PLC              $26,000,000          222 Broadway                 222 Broadway
                                                    New York, NY 10038           New York, NY 10038
                                                    Attn: Christina Challenger   Attn: Christina Challenger
                                                    T: 212 412-3701              T: 212 412-3701
                                                    F: 212 412-5308              F: 212 412-5308
------------------------------ -------------------- ---------------------------- ----------------------------
Bank One, NA                   $24,000,000          1 Bank One                   1 Bank One
                                                    Plaza, Suite 0088            Plaza, Suite 0088
                                                    Chicago, IL 60670            Chicago, IL 60670
                                                    Attn: Edna Guerra            Attn: Edna Guerra
                                                    T: 312 732-9609              T: 312 732-9609
                                                    F: 312 732-2715              F: 312 732-2715
------------------------------ -------------------- ---------------------------- ----------------------------
Citibank, N.A.                 $28,500,000          Two Penns Way                Two Penns Way
                                                    New Castle, DE 19720         New Castle, DE 19720
                                                    Attn: Maureen Prytula        Attn: Maureen Prytula
                                                    T: 302 894-6089              T: 302 894-6089
                                                    F: 302 894-6120              F: 302 894-6120
------------------------------ -------------------- ---------------------------- ----------------------------
Firstar Bank Milwaukee, N.A.   $11,000,000          777 E. Wisconsin Ave.        777 E. Wisconsin Ave.
                                                    Milwaukee, WI 53202          Milwaukee, WI 53202
                                                    Attn: Bruce Anthony          Attn: Bruce Anthony
                                                    T: 414 765-4724              T: 414 765-4724
                                                    F: 414 765-5367              F: 414 765-5367
------------------------------ -------------------- ---------------------------- ----------------------------
Mizuho Corporate Bank, Ltd.    $25,000,000          10 S. Wacker Drive           10 S. Wacker Drive
                                                    Chicago, IL 60608            Chicago, IL 60608
                                                    Attn: Michael Pleasants      Attn: Michael Pleasants
                                                    T: 312 715-6361              T: 312 715-6361
                                                    F: 312 876-2011              F: 312 876-2011
------------------------------ -------------------- ---------------------------- ----------------------------
</TABLE>
<PAGE>
                                       2

<TABLE>
<CAPTION>

------------------------------ -------------------- ---------------------------- ----------------------------
<S>                            <C>                  <C>                          <C>
The Northern Trust Company     $22,000,000          50 S. LaSalle Street         50 S. LaSalle Street
                                                    Chicago, IL  60675           Chicago, IL  60675
                                                    Attn:  Linda Honda           Attn:  Linda Honda
                                                    T:  312 444-3532             T:  312 444-3532
                                                    F:  312 630-1566             F:  312 630-1566
------------------------------ -------------------- ---------------------------- ----------------------------
Svenska Handelsbanken AB       $26,000,000          153 East 53rd Street         153 East 53rd Street
(publ)                                              New York, NY 10022           New York, NY 10022
                                                    Attn: Mikael Westerback      Attn: Mikael Westerback
                                                    T: 212 326-5144              T: 212 326-5125
                                                    F: 212 326-2705              F: 212 326-5151
------------------------------ -------------------- ---------------------------- ----------------------------
Total Commitment     =   U.S. $200,000,000

</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00044-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00044-of-00352.parquet"}]]