Document:

<PAGE>   1
                                                                    EXHIBIT 10.1

                        COMBINED AMENDMENT NUMBER ONE TO
                           LOAN AND SECURITY AGREEMENT

                  This Combined Amendment Number One to Loan and Security
Agreement ("Amendment") is entered into as of April 16, 2001, by and between
FOOTHILL CAPITAL CORPORATION, a California corporation ("Foothill"), and SOUND
ADVICE, INC., a Florida corporation ("Borrower"), in light of the following:

                  A. Borrower and Foothill have previously entered into that
certain Loan and Security Agreement, dated as of April 11, 1996 (the
"Agreement"), as amended by Amendment Number One dated as of December 8, 1997
and Amendment Number Two dated as of January 31, 1999 (the "Prior Amendments").

                  B. Borrower and Foothill desire to amend the Agreement and to
supersede the Prior Amendments as provided for herein.

                  NOW, THEREFORE, Borrower and Foothill hereby amend the
Agreement as follows:

                  1. DEFINITIONS. All initially capitalized terms used in this
Amendment shall have the meanings given to them in the Agreement unless
specifically defined herein.

                  2. AMENDMENTS.

                           2.1 Section 1.1 of the Agreement is amended by adding
the following definitions:

                                    "EBITDA" means, with respect to any fiscal
         period, Borrower's and its Subsidiaries consolidated net earnings (or
         loss), MINUS extraordinary gains, PLUS interest expense, income taxes,
         and depreciation and amortization for such period, as determined in
         accordance with GAAP.

                                    "EFFECTIVE DATE" has the meaning set forth
         in SECTION 2.8(c).

                                    "EURODOLLAR SUPPLEMENT" means that certain
         Eurodollar Supplement to Loan and Security Agreement, dated as of
         December 8, 1997, between Foothill and Borrower.

                                    "REFERENCE RATE MARGIN" means 0.50% per
         annum.

                                    "SOUND ADVICE ARIZONA" means Sound Advice of
         Arizona Inc., a Florida corporation.

<PAGE>   2

                           2.2 Section 1.1 of the Agreement is amended by
revising the following definitions:

                                    (a) The definition of "Average Unused
Portion of Maximum Amount" is amended to read as follows:

                                    "AVERAGE UNUSED PORTION OF MAXIMUM AMOUNT"
         means (a) (i) $20,000,000 on or before July 31, 2001, and (ii) on or
         after August 1, 2001, (A) $20,000,000 if the average Daily Balance of
         the Obligations in the immediately preceding month was less than
         $20,000,000, (B) $30,000,000 if the average Daily Balance of the
         Obligations in the immediately preceding month was $20,000,000 or more,
         but less than $30,000,000 and (C) $40,000,000 if the average Daily
         Balance of the Obligations in the immediately preceding month was
         $30,000,000 or more; LESS (b) the sum of: (i) the average Daily Balance
         of advances made by Foothill under SECTION 2.1 that were outstanding
         during the immediately preceding month; PLUS (ii) the average Daily
         Balance of the undrawn L/Cs and L/C Guarantees issued by Foothill under
         SECTION 2.2 that were outstanding during the immediately preceding
         month.

                                    (b) The definition of Eligible Landed
Inventory shall include Inventory of Sound Advice Arizona so long as Foothill
has (1) received Collateral Access Agreements for Sound Advice Arizona's leased
properties and (2) received acceptable intercreditor agreements from suppliers
of Sound Advice Arizona.

                                    (c) The definition of "Foothill Expenses" is
amended to read as follows:

                                    "FOOTHILL EXPENSES" means all: costs or
         expenses (including taxes, photocopying, notarization,
         telecommunication and insurance premiums) required to be paid by
         Borrower under any of the Loan Documents that are paid or advanced by
         Foothill; documentation, filing, recording, publication, appraisal
         (including periodic Collateral appraisals), real estate survey,
         environmental audit, and search fees assessed, paid, or incurred by
         Foothill in connection with Foothill's transactions with Borrower;
         costs and expenses incurred by Foothill in the disbursement of funds to
         Borrower (by wire transfer or otherwise); charges paid or incurred by
         Foothill resulting from the dishonor of checks; costs and expenses paid
         or incurred by Foothill to correct any default or enforce any provision
         of the Loan Documents, or in gaining possession of, maintaining,
         handling, preserving, storing, shipping, selling, preparing for sale,
         or advertising to sell the Collateral, or any portion thereof,
         irrespective of whether a sale is consummated; costs and expenses paid
         or incurred by Foothill in examining Borrower's Books; costs and
         expenses of third party claims or any other suit paid or incurred by
         Foothill in enforcing or defending the Loan Documents; and Foothill's
         reasonable attorneys fees and expenses incurred in advising,
         structuring, drafting, reviewing, administering, amending, terminating,
         enforcing, defending, or concerning the Loan Documents (including
         attorneys fees and expenses incurred in connection with a "workout," a
         "restructuring," or

                                       2
<PAGE>   3

         an Insolvency Proceeding concerning Borrower or any guarantor of the
         Obligations), irrespective of whether suit is brought.

                                    (d) The definition of "Loan Documents" is
amended to read as follows:

                                    "LOAN DOCUMENTS" means this Agreement, the
         Eurodollar Supplement, the Lock Box Agreement, the Continuing Guaranty
         and Security Agreement from Sound Advice Arizona, any other note or
         notes executed by Borrower and payable to Foothill, and any other
         agreement entered into in connection with this Agreement.

                                    (e) The definition of "Maximum Amount" is
amended to read as follows:

                                    "MAXIMUM AMOUNT" means $40,000,000.

                                    (f) The definition of "Orderly Liquidation"
is amended to read as follows:

                                    "ORDERLY LIQUIDATION VALUE" means the
         orderly liquidation value of Borrower's Inventory as determined by
         Foothill from time to time based upon the most recent Inventory
         appraisal by a third party appraiser acceptable to Foothill.

                           2.3 Section 2.1(a)(x) of the Agreement is amended to
read as follows:

                                    (x) the least of: (i) 70% of Borrower's Cost
         of Eligible Landed Inventory; (ii) 55% of the retail selling price of
         Eligible Landed Inventory; and (iii) 85% of the Orderly Liquidation
         Value of Eligible Landed Inventory as may be determined by Foothill;
         plus

                           2.4 Section 2.1(c) of the Agreement is amended to
read as follows:

                                    (c) Foothill shall have no obligation to
         make advances hereunder to the extent they would cause the outstanding
         Obligations to exceed the Maximum Amount.

                           2.5 Section 2.2(a)(ii) and Section 2.2(d) of the
Agreement are amended to read as follows:

                                    (ii) $5,000,000.

                                    (d) Any and all service charges,
         commissions, fees, and costs incurred by Foothill relating to the L/Cs
         guaranteed by Foothill shall be considered Foothill Expenses for
         purposes of this Agreement and immediately shall be reimbursable by
         Borrower to Foothill. On the first day of each month on or before April
         15, 2001, Borrower will pay Foothill a fee equal to one and 1.50%

                                       3
<PAGE>   4

         per annum times the actual Daily Balance of the undrawn L/Cs and L/C
         Guarantees that were outstanding during the immediately preceding
         month, and such fee shall be equal to 1.25% per annum on or after April
         16, 2001. Service charges, commissions, fees, and costs may be charged
         to Borrower's loan account at the time the service is rendered or the
         cost is incurred.

                           2.6 Section 2.5(a) of the Agreement is amended to
read as follows:

                                    (a) Interest Rate. Except as provided in
         clause (b) below and except for Obligations as to which Borrower has
         elected to have interest charged based upon the Eurodollar Supplement,
         all Obligations, except for undrawn L/Cs and L/C Guarantees, shall bear
         interest at a per annum rate equal to the Reference Rate PLUS the
         Reference Rate Margin.

                           2.7 Section 2.5(c) of the Agreement is deleted in its
entirety.

                           2.8 Section 2.8(b) of the Agreement is amended to
read as follows:

                                    (b) Unused Line Fee. On the first day of
         each month through April 15, 2001, a fee in an amount equal to 0.375%
         times the Average Unused Portion of the Maximum Amount and on the first
         day of each month thereafter a fee in an amount equal to 0.30% times
         the Average Unused Portion of the Maximum Amount.

                           2.9 The last sentence of Section 2.8(d) of the
Agreement is amended to read as follows:

         So long as no Event of Default occurs, (i) an annual appraisal will be
         conducted which appraisal will be seasonably updated by desk top
         appraisals twice each year, and (ii) such financial analysis and
         examinations will not be conducted more frequently than quarterly.

                           2.10 Section 2.8(c) of the Agreement is amended to
read as follows:

                                    (c) Amendment and Agent Fees. In conjunction
         with Combined Amendment Number One to the Agreement, Borrower agrees to
         pay to Foothill the following fees that shall be fully-earned as of
         April 15, 2001 and are payable as follows:

                                            (i) An amendment fee in the amount
         of $50,000, one-half of which shall be payable on April 16, 2001,

                                            (ii) An agent's fee in the amount of
         $50,000, which shall be payable with the remaining $25,000 of the
         amendment fee which shall be payable in three equal monthly payments of
         $25,000 each commencing June 1, 2001 and continuing on the first day of
         each subsequent month, including August 1, 2001.

                                       4
<PAGE>   5

                           2.11 The first sentence of Section 3.3 of the
Agreement is amended to read as follows:

                                    This Agreement shall become effective upon
         the execution and delivery hereof by Borrower and Foothill and shall
         continue in full force and effect for a term ending on July 31, 2004
         (the "Renewal Date"), and automatically shall be renewed for successive
         one year periods thereafter, unless sooner terminated pursuant to the
         terms hereof.

                           2.12 Section 3.5 of the Agreement is hereby revised
to read as follows:

                                    3.5 EARLY TERMINATION BY BORROWER. The
         provisions of SECTION 3.3 that allow termination of this Agreement by
         Borrower only on the Renewal Date and certain anniversaries thereof
         notwithstanding, Borrower has the option, at any time upon 60 days
         prior written notice to Foothill, to terminate this Agreement by paying
         to Foothill, in cash, the Obligations (including an amount equal to the
         full amount of the outstanding L/Cs or L/C Guarantees), together with a
         premium (the "Early Termination Premium") equal to: (a) 0.40% of the
         Maximum Amount, if terminated on or before April 15, 2001, (b) 1.0% of
         the Maximum Amount if terminated after April 16, 2001 and on or before
         April 15, 2003 and (c) 0.50% of the Maximum Amount if terminated after
         April 15, 2003, but before the Renewal Date; PROVIDED, HOWEVER, that no
         Early Termination Premium will be charged in the event that
         substantially all of Borrower's assets are acquired by an unrelated
         Person, Borrower merges into an unrelated Person or Borrower is
         acquired by an unrelated Person and Foothill or one of its Affiliates
         provides financing to the acquiring Person.

                           2.13 Section 5.2 of the Agreement is hereby amended
by deleting therefrom any references to Sound Advice Electronics of Maryland,
Inc., Sound Advice of Virginia, Inc., and SAI Realty Investments, Inc.

                           2.14 Section 6.13 of the Agreement is amended to read
as follows:

                                    (a) Minimum EBITDA. Borrower shall have
         EBITDA, measured on a fiscal quarter end basis, of not less then the
         required amount set forth in the following table:

                                         12 Month Period Ending
         Applicable Amount               on or About
         -----------------               -----------------------

         $  11,000,000             April 30, 2001 and July 31, 2001
         $  12,000,000             October 31, 2001
         $  12,500,000             January 31, 2002 and all subsequent quarters

                                    (b) Minimum Availability. At all times,
         Borrower shall have unused borrowing availability under this Agreement
         of not less $3,000,000.

                                       5
<PAGE>   6

                           2.15 Section 7.10 of the Agreement is amended to read
as follows:

                                    7.10 CAPITAL EXPENDITURES. Make any capital
         expenditure, or any commitment therefor, where the aggregate amount of
         such capital expenditures, made or committed in any fiscal year exceeds
         $8,000,000.

                           2.16 Section 7.14 of the Agreement is amended to read
as follows:

                                    7.14 INVESTMENTS. Directly or indirectly
         make or acquire any beneficial interest in (including stock,
         partnership interest, or other securities of), or make any loan,
         advance, or capital contribution to, any Person except for employee
         advances and loans made in the ordinary course of business which in the
         aggregate do not exceed $2,000,000 outstanding at any one time.

                           2.17 Section 12 of the Agreement is amended to read
as follows:

                                    12. NOTICES.

                                    Unless otherwise provided in this Agreement,
         all notices or demands by any party relating to this Agreement or any
         other Loan Document shall be in writing and (except for financial
         statements and other informational documents which may be sent by
         first-class mail, postage prepaid) shall be personally delivered or
         sent by registered or certified mail, postage prepaid, return receipt
         requested, or by prepaid telex, TWX, telefacsimile, or telegram (with
         messenger delivery specified) to Borrower or to Foothill, as the case
         may be, at its address set forth below:

                  If to Borrower:         SOUND ADVICE, INC.
                                          1901 Tigertail Boulevard
                                          Dania Beach, Florida  33004
                                          Attn.:   Kenneth L. Danielson,
                                          Chief Financial Officer
                                          Telefacsimile No. (954) 926-4389

                  With a copy to:         GREENBERG TRAURIG, P.A.
                                          1221 Brickell Avenue
                                          Miami, Florida  33131
                                          Attn.:   Gary Epstein, Esq.
                                          Telefacsimile No. (305) 579-0717

                  If to Foothill:         FOOTHILL CAPITAL CORPORATION
                                          One Boston Place
                                          Suite 1800
                                          Boston, Massachusetts 02108
                                          Attn:    Todd Colpitts, Vice President
                                          Telefacsimile No. (617) 523-4029

                                       6
<PAGE>   7

                  With a copy to:         BUCHALTER, NEMER, FIELDS &
                                          YOUNGER
                                          601 South Figueroa Street, Suite 2400
                                          Los Angeles, California 90017-5704
                                          Attn.:   Robert C. Colton, Esq.
                                          Telefacsimile No. (213) 896-0400

                                    The parties hereto may change the address at
         which they are to receive notices hereunder, by notice in writing in
         the foregoing manner given to the other. All notices or demands sent in
         accordance with this Section 12, other than notices by Foothill in
         connection with Sections 9504 or 9505 of the Code, shall be deemed
         received on the earlier of the date of actual receipt or three (3) days
         after the deposit thereof in the mail. Borrower acknowledges and agrees
         that notices sent by Foothill in connection with Sections 9504 or 9505
         of the Code shall be deemed sent when deposited in the mail or
         transmitted by telefacsimile or other similar method set forth above.

                           2.18 The definition of "Eurodollar Rate Margin" in
the Eurodollar Supplement is amended to read as follows:

                                    "EURODOLLAR RATE MARGIN" means 2.00% per
         annum for Interest Periods commencing on or before April 15, 2001 and
         1.75% per annum for Interest Periods commencing on or after April 16,
         2001.

                  3. REPRESENTATIONS AND WARRANTIES. Borrower hereby affirms to
Foothill that all of Borrower's representations and warranties set forth in the
Agreement are true, complete and accurate in all respects as of the date hereof,
except to the extent expressly modified hereby.

                  4. NO DEFAULTS. Borrower hereby affirms to Foothill that no
Event of Default has occurred and is continuing as of the date hereof.

                  5. COSTS AND EXPENSES. Borrower shall pay to Foothill all of
Foothill's out-of-pocket costs and expenses (including, without limitation, the
fees and expenses of its counsel, which counsel may include any local counsel
deemed necessary, search fees, filing and recording fees, title insurance
premiums, documentation fees, appraisal fees, travel expenses, and other fees)
arising in connection with the preparation, execution, and delivery of this
Amendment and all related documents.

                  6. CONDITIONS PRECEDENT. The effectiveness of this Amendment
is expressly conditioned upon:

                           (a) the receipt by each of the parties of a
counterpart of this Amendment and the Eurodollar Supplement, executed by the
other party;

                           (b) the receipt by Foothill of a portion of the
amendment and extension fee in the amount of $25,000 which shall be fully earned
and due and payable on the

                                       7
<PAGE>   8

effective date of this Amendment and shall be charged to Borrower's loan account
pursuant to Section 2.5(d) of the Agreement; and

                           (c) Sound Advice Arizona shall execute and deliver to
Foothill: (i) a Continuing Guaranty of Borrower's Obligations, (ii) a Security
Agreement securing the Continuing Guaranty, and (iii) UCC-1 Financing
Statements.

                  7. AMENDMENT. This Amendment amends and supersedes the Prior
Amendments in their entirety.

                  8. LIMITED EFFECT. In the event of a conflict between the
terms and provisions of this Amendment and the terms and provisions of the
Agreement, the terms and provisions of this Amendment shall govern. In all other
respects, the Agreement, as amended and supplemented hereby, shall remain in
full force and effect.

                  9. COUNTERPARTS; EFFECTIVENESS. This Amendment may be executed
in any number of counterparts and by different parties on separate counterparts,
each of which when so executed and delivered shall be deemed to be an original.
All such counterparts, taken together, shall constitute but one and the same
Amendment.

         IN WITNESS WHEREOF, the parties hereto have executed this Amendment in
Boston, Massachusetts as of the date first set forth above.

                                        FOOTHILL CAPITAL CORPORATION,
                                        a California corporation

                                        By: /s/ Todd Colpitts
                                            ------------------------------------
                                            Title: Vice President

                                        SOUND ADVICE, INC.,
                                        a Florida corporation

                                        By: /s/ Kenneth L. Danielson
                                            ------------------------------------
                                            Title: CFO & Treasurer

                                       8<PAGE>   1
                                                                   EXHIBIT 10.18

                    AMENDED AND RESTATED EMPLOYMENT AGREEMENT

         THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT, made and entered into
as of the 2nd day of January, 2001 by and between SOUND ADVICE, INC., a Florida
corporation (the "Employer"), and KENNETH L. DANIELSON (the "Employee").

                              W I T N E S S E T H:

         WHEREAS, the Employer and the Employee are parties to that certain
Employment Agreement, dated January 31, 1999 (the "Employment Agreement"); and

         WHEREAS, the Employee and the Employer mutually desire and each of them
is willing to amend and restate the Employment Agreement as set forth herein;
and

         WHEREAS, the Employee is willing, on the terms and conditions set forth
below, to enter into an Amended and Restated Employment Agreement with, and to
render services to and for the benefit of the Employer.

         NOW, THEREFORE, for and in consideration of the covenants and
conditions hereinafter set forth, the parties hereto mutually agree as follows:

         1. EMPLOYMENT. The Employer hereby employs the Employee and the
Employee hereby accepts employment by the Employer upon and subject to all of
the terms and conditions hereinafter set forth.

         2. TERM. Subject to the provisions providing for earlier termination as
hereinafter set forth, the term of this Agreement shall be for a period of three
(3) years commencing on January 31, 1999 and ending on January 31, 2002.

         3. DUTIES. The Employee shall serve in the capacity of Chief Financial
Officer of the Employer and shall, during the term of this Agreement, devote so
much of his time as is necessary for the proper management of the affairs of the
Employer and the performance of his duties and responsibilities as an employee
of the Employer. The Employee shall, during the term of this Agreement, perform
such services, duties and responsibilities for and on behalf of the Employer as
the Board of Directors of the Employer shall from time to time determine and
direct consistent with the capacities in which he is being employed hereunder.

         4. ANNUAL COMPENSATION. For and in consideration of the services to be
rendered and duties and responsibilities to be performed by the Employee
pursuant to this Agreement, the Employer shall pay to the Employee during the
term of this Agreement the following:

                  (a) an annual base salary (the "Base Compensation") of One
Hundred Eighty Four Thousand Dollars ($184,000.00) per year or such greater
amount during the second and third years of the term of this Agreement as shall
be determined from time to time by the President of the Company; and

<PAGE>   2

                  (b) the Employee shall be entitled to participate in the
Employer's annual incentive bonus plan and long term incentive stock option
program adopted in December 1994 by the Employer's Board of Directors and the
Stock Option Committee thereof, respectively.

         5. PERQUISITES. The Employee shall be eligible (subject to the terms
and conditions of particular plans and programs) to participate in any other
medical, health, accident, disability and/or life insurance programs, pension
plans, profit-sharing plans and other benefit programs and plans as are made
generally available from time to time by the Employer to all of its employees;
provided, however, that it is understood that the Employer does not by reason of
this Agreement obligate itself to make any such other programs, plans or
benefits available to its employees.

         6. VACATION. The Employee shall be entitled to at least four (4) weeks
of paid vacation during each year of the term hereof. The scheduling of the
Employee's vacation(s) shall be consistent with the availability of his time and
shall be subject to (i) the Employer's vacation policy and (ii) the prior
approval of the Employer.

         7. TERMINATION OF EMPLOYMENT.

                  (a) Notwithstanding any provisions of this Agreement to the
contrary including, without limitation, Section 2 hereof, the Employee's
employment hereunder and this Agreement shall be terminated in the following
circumstances (any of such circumstances hereinafter referred to as a
"Terminating Event"):

                           (i) upon the death of the Employee;

                           (ii) in the sole discretion of the Board of Directors
of the Employer, after the Employee is Disabled (as hereinafter defined) upon
the Employer giving the Employee written notice of such termination;

                           (iii) in the sole discretion of the Board of
Directors of the Employer, for Cause (as hereinafter defined) upon the Employer
giving the Employee written notice specifying the grounds for such termination;

                           (iv) in the sole discretion of the Employee, after a
Change in Control (as hereinafter defined) upon the Employee giving the Employer
written notice of such termination within thirty (30) days of the date that the
Employee becomes aware of such Change in Control; or

                           (v) in the sole discretion of the Employer for any
reason other than Cause.

Such termination shall be effective (the "Effective Date") as to the Terminating
Event set forth in (a) Section 7(a)(i) on the date of the death of the Employee,
(b) Sections 7(a)(ii) and 7(a)(iii) immediately upon receipt by the Employee of
the written notice required by each of such Sections, (c) Section 7(a)(iv)
thirty (30) days after receipt by the Employer of the written notice required by
such Section and (d) Section 7(a)(v) immediately upon notice given by the
Company to the Employee.

                                       2
<PAGE>   3

                  (b) In the event of a termination of the Employee's employment
hereunder, the Employee shall be entitled to the following:

                           (i) in the event of a termination pursuant to Section
         7(a)(i), the Employee shall be entitled to receive (A) any Base
         Compensation and Bonus owed to him hereunder to the Effective Date of
         such termination and (B) for a period of one year from the Effective
         Date his Base Compensation and thereafter shall not be entitled to any
         further compensation, remuneration or perquisites hereunder;

                           (ii) in the event of a termination pursuant to
         Section 7(a)(ii), the Employee shall be entitled to receive (A) any
         Base Compensation and Bonus owed to him hereunder to the Effective Date
         of such termination and (B) for a period of one year from the Effective
         Date (1) his Base Compensation reduced by the sum of all periodic
         payments the Employee receives by virtue of his disability (x) pursuant
         to any disability policy paid for by the Employer pursuant to Sections
         5(a)(iii) or 5(b) hereof and (y) in the form of Florida State
         Disability Benefits and/or Social Security Benefits and (2) all of the
         perquisites set forth in Sections 5(a)(i), 5(a)(ii), 5(a)(iii) and 5(b)
         hereof and thereafter shall not be entitled to any further
         compensation, remuneration or perquisites hereunder;

                           (iii) in the event of a termination pursuant to
         Section 7(a)(iii), the Employee shall be entitled to receive any Base
         Compensation and Bonus owed to him hereunder to the Effective Date of
         such termination and thereafter shall not be entitled to any further
         compensation, remuneration or perquisites hereunder;

                           (iv) In the event of a termination pursuant to
         Section 7(a)(iv) hereof, if the Employee remains and continues as an
         employee of the Employer until the Effective Date of the Change in
         Control unless the Employee is terminated by the Employer prior to the
         Effective Date of the Change in Control other than for Cause, the
         Employee shall be entitled to receive, in one lump sum payment payable
         in full on the Effective Date of the Change in Control (A) any Base
         Compensation and Bonus owed to him hereunder to the Effective Date of
         such termination and (B) three years Base Compensation plus three times
         the amount of the Bonus received by the Employee for the last full
         fiscal year prior to the Effective Date of the Change in Control; and

                           (v) in the event of a termination pursuant to Section
         7(a)(v) hereof, the Employee shall be entitled to receive in one lump
         sum payment payable in full on the Effective Date (A) any Base
         Compensation and Bonus owed to him hereunder to the Effective Date of
         such termination and (B) three years Base Compensation plus three times
         the amount of the Bonus received by the Employee for the last full
         fiscal year prior to the Effective Date and thereafter shall not be
         entitled to any further compensation, remuneration or perquisites
         hereunder."

                           For purposes of Section 7(c)(iv) the following terms
         will have the meanings set forth below:

                           (P) A "Change in Control" shall be deemed to have
         occurred upon any of the following events: (i) the acquisition in one
         or more transactions by any "person" (as the term person is used for
         purposes of Section 13(d) or 14(d) of the Securities Exchange Act of
         1934, as amended (the "1934 Act")) of "beneficial ownership" (within

                                       3
<PAGE>   4

         the meaning of Rule 13d-2 promulgated under the 1934 Act) of fifteen
         percent (15%) or more of the combined voting power of the Employer's
         then outstanding voting securities (the "Voting Securities"), provided,
         however, that for purposes hereof the Voting Securities acquired (by
         sale, merger, consolidation or in any other manner) from the Employer
         by any person shall be excluded from the determination of such person's
         beneficial ownership of Voting Securities (but such Voting Securities
         shall be included in the calculation of the total number of Voting
         Securities then outstanding); or (ii) the individuals who, as of the
         date hereof, are members of the Board of Directors of the Employer (the
         "Incumbent Board") cease for any reason to constitute more than
         one-half of the Board; provided, however, that, if the election, or
         nomination for election by the Employer's shareholders, of any new
         director was approved by a vote of more than one-half of the Incumbent
         Board, such new director shall, for purposes hereof, be considered as a
         member of the Incumbent Board; or (iii) approval by the shareholders of
         the Employer of (A) a merger or consolidation involving the Employer if
         the shareholders of the Employer immediately before such merger or
         consolidation do not own, directly or indirectly immediately following
         such merger or consolidation, more than one-half of the combined voting
         power of the outstanding voting securities of the corporation resulting
         from such merger or consolidation in substantially the same proportion
         as their ownership of the Voting Securities immediately before such
         merger or consolidation (unless, however, the event described in
         subparagraph (ii) above does not occur in connection therewith) or (B)
         a complete liquidation or dissolution of the Employer or an agreement
         for the sale or other disposition of all or substantially all of the
         assets of the Employer; provided, however, that, notwithstanding the
         foregoing, (x) a change in control shall not be deemed to occur solely
         because fifteen percent (15%) or more of the then outstanding Voting
         Securities is acquired by (1) a trustee or other fiduciary holding
         securities under one or more employee benefit plans maintained by the
         Employer or any of its subsidiaries, (2) any corporation which,
         immediately prior to such acquisition, is owned directly or indirectly
         by the shareholders of the Employer in the same proportion as their
         ownership of stock in the Employer immediately prior to such
         acquisition or (3) Michael Blumberg and/or Peter Beshouri or any person
         directly or indirectly controlled, under common control with or
         controlled by either or both of them, and (y) a change in control shall
         not be deemed to occur solely because any person (the "Subject Person")
         acquired beneficial ownership of more than the permitted amount of the
         outstanding Voting Securities as a result of the acquisition of Voting
         Securities by the Employer which, by reducing the number of Voting
         Securities outstanding, increases the proportional number of shares
         beneficially owned by the Subject Person, provided that if a change in
         control would occur (but for the operation of this sentence) as a
         result of the acquisition of Voting Securities by the Employer and,
         after such share acquisition by the Employer, the Subject Person
         becomes the beneficial owner of any additional Voting Securities which
         increases the percentage of the then outstanding Voting Securities
         beneficially owned by the Subject Person, then a change in control
         shall occur.

                           (Q) The "Effective Date of the Change in Control"
         shall be the later to occur of the closing date or the effective date
         (as the case may be) of the transaction or event resulting in the
         Change in Control; provided, however, that, notwithstanding the
         foregoing, the Effective Date of the Change in Control solely for the

                                       4
<PAGE>   5

         event set forth in item (i) of subsection (P) of this Section 7(c)(iv)
         shall be the date fifteen (15) business days after the occurrence of
         such event.

                  (c) For purposes of this Section 7, the terms set forth herein
shall have the following meanings:

                           (i) The term "Disabled" shall mean the permanent
inability of the Employee by reason of physical or mental illness, incapacity or
injury to adequately perform all of the services, duties and responsibilities
required of him in connection with his employment hereunder, which permanent
inability shall be determined by the Board of Directors of the Employer;
provided, however, that, if the Employee disputes the determination of the Board
of Directors as to his being Disabled, the issue shall be submitted for decision
to a medical doctor mutually agreed upon by the Board of Directors of the
Employer and the Employee, except that, if such disability arises from mental
illness or incapacity and a dispute arises, the issue shall be submitted to a
medical doctor selected by the Board of Directors of the Employer in its sole
discretion, and the decision of such medical doctor shall be binding upon the
parties hereto for all purposes hereof; provided, further, that, if any
insurance carrier shall acknowledge the onset of disability pursuant to a
disability insurance policy covering the Employee and maintained and paid for by
the Employer pursuant to Section 5(a)(iii) hereof, the Employee shall be
conclusively presumed to be Disabled for purposes hereof.

                           (ii) The term "Cause" shall mean and include any of
the following with respect to the Employee: a fraud, gross dishonesty or gross
misconduct perpetrated on the Employer, a criminal conviction for a felony,
fraud or theft, the imposition of any material sanction against the Employee or
the Employer solely by reason of the actions of the Employee by an regulatory or
governmental agency governing the Employer or its business or a material breach
or violation by the Employee of any material term or provision of this Agreement
which is not cured within thirty (30) days of the Employee's receipt of written
notice from the Board of Directors of the Employer detailing such material
breach or violation.

         8. WAIVER. The waiver of a breach or violation of any term or provision
of this Agreement by either party shall not operate or be construed or deemed as
a continuing waiver by such party of such breach or violation or as a waiver of
a breach or violation of any other term or provision of this Agreement or as a
waiver of any subsequent breach or violation of the same term or provision of
this Agreement.

         9. RIGHTS AND LIABILITIES UPON NOTICE OF TERMINATION. As soon as notice
of termination of this Agreement is given or received, the Employee shall
immediately cease contact with all customers, vendors and lenders of and others
doing business with the Employer and shall forthwith surrender to the Employer
all customer lists, documents and other property of the Employer then in his
possession. Pending the surrender of all such customer lists, documents and
other property to the Employer, the Employer may hold in abeyance any payments
due the Employee pursuant to this Agreement.

         10. ASSIGNMENT. The Employee shall not assign, transfer or convey this
Agreement or in any manner encumber the compensation, remuneration or other
benefits payable and/or provided to him hereunder or delegate any of this duties

                                       5
<PAGE>   6

or obligations hereunder, except with the prior written consent of the Employer.
Subject to the provisions of Section 7 hereof, the Employer may assign this
Agreement and its rights hereunder in whole, but not in part, to any corporation
or any other entity to or into which it may transfer all or substantially all of
its assets.

         11. NOTICES. All notices, demands and other communications which may be
made or are required hereunder shall be in writing and shall be deemed to have
been given when delivered personally or when deposited in the U.S. mail,
certified or registered, with postage prepaid and a return receipt requested,
addressed, if to the Employer, at 1901 Tigertail Blvd., Dania, Florida 33004,
Attention: Michael Blumberg, Vice President, and, if to the Employee, at the
address set forth below the signature of the Employee at the end of this
Agreement, or at such other addresses as may, from time to time, be furnished in
writing in the manner provided in this Section to the Employer by the Employee
or to the Employee by the Employer.

         12. BINDING EFFECT. This Agreement shall be binding on the parties
hereto and on their respective heirs, administrators, executors, legal
representatives, successors and permitted assigns.

         13. ENFORCEABILITY. This Agreement contains the entire understanding of
the parties and may be altered, amended or modified only by a writing executed
by both of the parties hereto. This Agreement supersedes all prior agreements
and understandings by and between the Employer and the Employee relating to the
Employee's employment. In the event any part or provision of this Agreement
shall be found to be invalid or unenforceable, such invalidity or
unenforceability shall attach to only such part or provision and shall not in
any way affect or render invalid or unenforceable any other part or provision of
this Agreement, and the remaining parts and provisions of this Agreement shall
nevertheless be binding and enforceable with the same effect as though the
invalid or unenforceable part or provision was deleted and not contained herein.

         14. APPLICABLE LAW. This Agreement and the rights and liabilities of
the parties hereto shall be interpreted under, and governed and enforced by, the
laws of the State of Florida.

         15. COUNTERPARTS. This Agreement may be executed in one or more
counterparts, each of which shall constitute an original, but all of which
together shall constitute one and the same instrument.

         16. GENDER. Wherever in this Agreement the masculine gender is used, it
shall be deemed to include the feminine or neuter; and the use of the singular
or plural shall be deemed to include the other.

         17. ATTORNEYS' FEES AND COSTS. In the event that either of the parties
to this Agreement institutes suit against the other party to this Agreement to
enforce any of his or its rights hereunder, the prevailing party in such action
shall be entitled to recover from the other party all reasonable costs thereof,
including reasonable attorneys' fees.

                                       6
<PAGE>   7

         IN WITNESS WHEREOF, the Employee has hereunto set his hand and the
Employer has caused this Agreement to be executed by its duly authorized
officers on the day and year first above written.

                                          SOUND ADVICE, INC.

                                          By: /s/ PETER BESHOURI
                                              ----------------------------------
                                                PETER BESHOURI, President and
                                                Chief Executive Officer

                                          EMPLOYEE:

                                          /s/ KENNETH L. DANIELSON
                                          --------------------------------------
                                          KENNETH L. DANIELSON

                                          Address: 5740 SURREY CIRCLE EAST
                                                   -----------------------------
                                                         DAVIE, FL  33331
                                                   -----------------------------

                                       7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00024-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00024-of-00352.parquet"}]]