Document:

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                                                                   EXHIBIT 10.22

                   THE REGENTS OF THE UNIVERSITY OF CALIFORNIA
                      UNIVERSITY OF CALIFORNIA, LOS ANGELES
                             AGREEMENT NO. 01124242

        This Agreement is entered into this August 22, 2001, by and between THE
REGENTS OF THE UNIVERSITY OF CALIFORNIA, a California corporation, on behalf of
its Los Angeles Campus, hereinafter called "University," and NORTHWEST
BIOTHERAPEUTICS, INC., hereinafter called "Sponsor."

1.      Statement of Work

        Work under this Agreement will commence on the date hereof and be
        performed by the University on a best effort basis in accordance with
        the statement of work attached as Exhibit A hereof ("Work").

2.      Deliverables

        A final technical report to Sponsor upon conclusion of work performed
        hereunder will be the only deliverable under this Agreement unless
        additional deliverables are set forth in Exhibit B hereof.

3.      Performance Period

        Work under this Agreement will be performed during the period of July 1,
        2001 through June 30, 2002 ("Performance Period") unless earlier
        terminated pursuant to Article 15.

4.      Cost to Sponsor

        The cost to Sponsor for University's performance hereunder will be
        $50,000 direct costs plus $26,500 indirect costs for a total of $76,500.

5.      Payment

        Payments will be made to University by Sponsor in accordance with
        Exhibit C hereof. Checks will be made payable to The Regents of the
        University of California, reference Agreement No. 01124242, and will be
        sent to:

               UCLA Remittance Center
               10920 Wilshire Blvd., Ste. 107
               Los Angeles, CA 90024

6.      Principal Investigator

        University's performance hereunder will be under the direction of Dr.
        Linda Liau, Principal Investigator. In the event that the Principal
        Investigator becomes unable or

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        unwilling to continue work under this Agreement and an alternate
        Principal Investigator is (i) not agreeable to Sponsor, or (ii) has not
        been designated within thirty (30) days after Dr. Liau ceases her
        services hereunder, Sponsor will have the option to terminate this
        Agreement in accordance with Article 15 hereof.

7.      Rights in Data

        University will have the right to copyright, publish (subject to Article
        12), disclose, disseminate and use, in whole and in part, any data and
        information developed or received by University under this Agreement
        that is not subject to the Confidentiality obligations of Article 11
        hereof. Sponsor will have the right to publish and use any technical
        reports and information specified to be delivered hereunder. It is
        agreed, however, that under no circumstances will Sponsor state or imply
        in any publication or other published announcement that University has
        tested or approved any product.

8.      Supplies and Equipment

        In the event that University purchases supplies or equipment hereunder,
        title to such supplies and equipment will vest in University.

9.      Patents and Inventions

        Inventorship of developments or discoveries first conceived and actually
        reduced to practice in the performance this Agreement ("Subject
        Inventions") will be determined in accordance with U.S. Patent Law and
        this Agreement. Except as stated below, all rights to Subject Inventions
        made solely by employees of University will belong solely to University
        and all rights to Subject Inventions made solely by employees of Sponsor
        will belong solely to Sponsor. All rights to Subject Inventions made
        jointly by employees of University and employees of Sponsor and any
        developments or discoveries conceived and actually reduced to practice
        as part of the Investigational New Drug work described in Exhibit A,
        Paragraph 2A and 2B, will belong jointly to University and Sponsor. To
        the extent that Sponsor pays all direct and indirect costs set forth in
        Article 4 above, and to the extent that the University is legally able,
        Sponsor will be granted a time-limited first right to negotiate an
        option or license under University's rights in any Subject Invention
        that belongs either solely to University or jointly to University and
        Sponsor. With respect to filing patents where University and Sponsor are
        co-inventors, University is obligated to file such patent application
        upon Sponsors request and will allow Sponsor the opportunity, if it so
        elects, to review and have right to make reasonable changes to all
        documents prior to filing.

        University will promptly disclose to Sponsor any Subject Inventions.
        Sponsor will hold such disclosure on a confidential basis and will not
        disclose the information to any third party without consent of
        University. Sponsor will advise the University in writing within sixty
        (60) days of such disclosure to Sponsor whether or not it wishes to
        secure an option or commercial license ("Election Period"). Sponsor will
        have ninety (90) days from the date of election to conclude an option or
        license agreement with University ("Negotiation

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        Period"). Said license will contain reasonable terms, will require
        diligent performance by Sponsor for the timely commercial development
        and early marketing of Subject Inventions, and include Sponsor's
        obligation to reimburse University's patent costs for all Subject
        Inventions subject to the license. In the event it is necessary in the
        opinion of University to file any patent applications to protect a
        Subject Invention during the Election or Negotiation Periods, University
        will promptly notify Sponsor in writing of such decision and Sponsor
        will reimburse patent costs incurred by University during such period.
        If such option or license is not concluded within the Negotiation
        Period, neither party will have any further obligations to the other
        with respect to such Subject Invention. If Sponsor does not elect to
        secure such option or license, rights to such Subject Invention will be
        disposed of in accordance with University's policies, with no further
        obligation to Sponsor with respect to such Subject Invention.

        Nothing contained in this Agreement shall be deemed to grant either
        directly or by implication, estoppel, or otherwise, any rights under any
        patents, patent applications or other proprietary interests, whether
        dominant or subordinate, or any other invention, discovery or
        improvement of either party, other than the specific rights covering
        Subject Inventions under this Agreement.

10.     Copyright

        Copyright in works, including computer software, created or fixed in a
        tangible medium of expression by University under this Agreement will
        vest in University. At Sponsor's request and to the extent that
        University has the legal right to do so, University will grant to
        Sponsor a license to such works on reasonable terms and conditions,
        including reasonable royalties, as the parties mutually agree in a
        separate writing.

11.     Confidentiality

        During the Performance Period, Sponsor may provide University with
        certain information or material, including oral disclosure of
        information which will be reduced to writing within thirty (30) days,
        which Sponsor has marked as "Confidential." Except as required by law,
        University will receive and hold such information in confidence and
        agrees to use reasonable effort to prevent its disclosure to third
        parties. This obligation will continue in effect for three (3) years
        after expiration or termination of the Agreement.

        University will not consider information disclosed to it by Sponsor as
        confidential which: (1) is now public knowledge or subsequently becomes
        such through no breach of this Agreement; (2) is rightfully in
        University's possession prior to Sponsor's disclosure as shown by
        written records: (3) is rightfully disclosed to University by a third
        party; or (4) is independently developed by or for University without
        reliance upon confidential information received from Sponsor.

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<PAGE>   4
        Sponsor acknowledges that University, as a public educational
        institution, does not have financial resources to sustain liability for
        disclosure of confidential information and cannot guarantee
        confidentiality.

12.     Publication

        University will have the right, at its discretion, to release
        information or to publish any material resulting from its performance
        hereunder. University will furnish Sponsor with a copy of any proposed
        written or oral publication (including manuscripts, abstracts, and oral
        presentations) at least thirty (30) days prior to submission for
        publication. Upon written notification by Sponsor, University agrees to
        delete Sponsor's name and/or any of Sponsor's confidential information
        and/or to delay publishing such proposed publication for a maximum of an
        additional forty-five (45) days in order to protect the potential
        patentability of any invention described therein.

13.     Notice

        Whenever any notice is to be given hereunder, it will be in writing and
sent to the following address:

               University:          The Regents of the University of California
                                    Office of Contract and Grant Administration
                                    10920 Wilshire Blvd., Suite 1200
                                    Los Angeles, California 90024-1406

                                    Attention:     Nancy Ingle
                                                   Industry Contract Officer

               Sponsor:             Northwest Biotherapeutics, Inc.
                                    21720 23rd Dr. S.E., Suite 100
                                    Bothell, Washington 98021

                                    Attention:     Alton L. Boynton, Ph.D.

14.     Termination

        Either University or Sponsor may terminate this Agreement by giving
        thirty (30) days written notice to the other. In the event of such
        termination, University will cease further obligation of project funds
        and will take all reasonable steps to cancel and otherwise minimize
        termination costs. Sponsor will pay University actual direct and
        indirect costs and noncancellable commitments incurred prior to the date
        of termination and fair close-out related costs. If the total of such
        costs is less than the total funds advanced, the balance will be
        promptly returned to Sponsor.

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<PAGE>   5
15.     Publicity

        Neither party will use the name, trade name, trademark or other
        designation of the other party in connection with any products,
        promotion, advertising, press release, or publicity without the prior
        written permission of the other party.

16.     Indemnification

        University will indemnify, defend and hold harmless Sponsor, its
        directors, officers, agents, and employees from and against any and all
        liability, loss, expense (including reasonable attorney's fees), or
        claims for injury or damages arising out of the performance of this
        Agreement, but only in proportion to and to the extent such liability,
        loss, expense, attorney's fees, or claims for injury or damages are
        caused by or result from the negligent or intentional acts or omissions
        of University, its trustees, officers, agents or employees.

        Sponsor will indemnify, defend and hold harmless University, its
        trustees, officers, agents, and employees from and against any and all
        liability, loss, expense (including reasonable attorney's fees), or
        claims for injury or damages arising out of the performance of this
        Agreement, but only in proportion to and to the extent such liability,
        loss, expense, attorney's fees, or claims for injury or damages are
        caused by or result from the negligent or intentional acts or omissions
        of Sponsor, its directors, officers, agents or employees.

17.     Excusable Delay

        University will be excused from performance hereunder if a delay is
        caused by inclement weather, fire, flood, strike, or other labor
        dispute, acts of God, acts of governmental officials or agencies, or any
        other cause beyond the control of University. The excusable delay is
        allowed for the period of time affected by the delay. If a delay occurs,
        the parties will revise the performance period or other provisions
        hereunder as appropriate.

18.     Assignment

        Neither party will assign its rights or duties under this Agreement to
        another without the prior express written consent of the other party;
        provided, however, that Sponsor may assign this Agreement to a successor
        in ownership of all or substantially all its business assets or to its
        successor in interest upon a merger in which Sponsor is not the
        surviving entity, in the field to which this Agreement relates. Such
        successor will expressly assume in writing the obligation to perform in
        accordance with the terms and conditions of this Agreement. Any other
        purported assignment will be void.

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<PAGE>   6
19.     Amendments

        This document constitutes the entire agreement between parties, and may
        be modified or amended only by written agreement signed by both parties.

NORTHWEST BIOTHERAPEUTICS, INC.            THE REGENTS OF THE UNIVERSITY
                                           OF CALIFORNIA

By:                                        By:
   -------------------------------------      ----------------------------------

By:                                        By:
   -------------------------------------      ----------------------------------

Title:                                     Title:
      ----------------------------------         -------------------------------

Date:                                      Date:
     -----------------------------------        --------------------------------

Read and Understood:

PRINCIPAL INVESTIGATOR

By:
   -------------------------------------

By:
   -------------------------------------

Date:
     -----------------------------------

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<PAGE>   7
"Development and Validation of Dendritic Cells Pulsed with Autologous
Glioblastoma Tumor Peptides"

                          EXHIBIT A - STATEMENT OF WORK

        This exhibit defines the nature, scope and content of work to be
performed under the direction of Dr. Linda Liau, M.D., Ph.D., as Principal
Investigator, working on behalf of the UNIVERSITY (UCLA) and to be delivered to
the SPONSOR (NORTHWEST BIOTHERAPEUTICS, INC.) in accordance with the terms of
this contract.

1.      NATURE OF WORK: The University and Sponsor will jointly develop a
        research program defined below and also an application for a Phase II
        Investigational New Drug (IND) application entitled, "AUTOLOGOUS
        DENDRITIC CELLS PULSED WITH AUTOLOGOUS GLIOBLASTOMA TUMOR PEPTIDES,"
        that will be submitted by the Sponsor to the Federal Drug Administration
        (FDA). This Phase II IND application is specifically intended to support
        a clinical trial performed by UCLA investigators in conjunction with the
        Sponsor and may not be used by the Sponsor for any other purpose unless
        specified and agreed to in writing by both parties.

2.      SCOPE OF WORK: The work to be performed by the University falls into 3
        categories:

A.      Develop and validate a protocol for preparing GMP-quality suspensions of
        viable glioblastoma cancer cells from patients with glioblastoma, and
        develop protocol for preparing GMP quality peptides derived from tumor
        cells. Transfer the technology to Sponsor.
B.      Collaborate in the design and writing of sections for the IND
        application.
C.      Perform research relevant to program as defined by University and
        Sponsor.

3.      CONTENT OF WORK:

A.      Develop and validate a protocol for preparing GMP-quality suspensions of
        viable glioblastoma cancer cells from patients with glioblastoma
        multiforme and technology developed technology to Sponsor. University
        investigators will collect cancer specimens from the operating room and
        evaluate techniques for preparing purified tumor cell suspensions from
        these clinical samples. The goal will be to develop a GMP-quality
        process by which tumors recovered at the time of surgery can be placed
        into a transportation media and delivered to the Sponsor's cell
        processing facility in the form of a viable cell suspension. In
        addition, techniques for purifying, characterizing and culturing the
        tumor cell suspension after its arrival at the Sponsor's facility will
        be investigated. Techniques for "stripping" peptides from the surface of
        tumor cells and concentration of these peptides will also be developed.
        Results from these investigations will be formed into a detailed written
        protocol that will be delivered to the Sponsor. This protocol will
        employ GMP-quality reagents, as feasible given their current
        availability. The average viability, cell yield and purity of the cancer
        cell suspension as well as quantities of peptides "stripped" from the
        tumor cell surface will be reported to the Sponsor.

                                       7
<PAGE>   8
B.      Design and write sections of the IND protocol. University investigators
        will, in discussion and collaboration with the Sponsor, develop a
        Clinical Trial Protocol and sections of a corresponding IND application
        for a study entitled, "PHASE II TRIAL EVALUATING AUTOLOGOUS DENDRITIC
        CELLS PULSED WITH AUTOLOGOUS GLIOBLASTOMA PEPTIDES FOR THE ADJUVANT
        TREATMENT OF MALIGNANT GLIOMA." The following sections will be prepared:

i.      General Investigational Plan

ii.     Investigators Brochure

iii.    Detailed Protocol to include an Introduction, Objectives, Study
        Hypothesis and Endpoints, Treatment Plan, Pretreatment Evaluation, On
        Study Evaluation, Concomitant Medications, Adverse Events, and Criteria
        for Disease Evaluation.

iv.     UCLA IRB application conforming to study guidelines.

                                       8
<PAGE>   9
UCLA / NORTHWEST BIOTHERAPEUTICS, INC. (AGREEMENT NO. 01082716)
"DEVELOPMENT AND VALIDATION OF DENDRITIC CELLS PULSED WITH AUTOLOGOUS
GLIOBLASTOMA TUMOR PEPTIDES"

                            EXHIBIT B - DELIVERABLES

This exhibit defines the deliverables to be provided by Linda Liau, M.D., Ph.D.
as Principal Investigator, working on behalf of the UNIVERSITY, to the SPONSOR
in accordance with the terms of this contract.

A.      Develop and validate a protocol for preparing GMP-quality suspensions of
        viable glioblastoma cancer cells from patients with glioblastoma
        multiforme. This deliverable includes identification of reagents and
        resources for the IND protocol. University investigators will identify
        and make known to the Sponsor a list of products and manufacturers
        conforming to FDA-approved good manufacturing practices (GMP) as
        required to carry out the protocol. University investigators will
        prepare a detailed written protocol that will be delivered to the
        Sponsor. This protocol will employ GMP-quality reagents, as feasible
        given their current availability. The average viability, cell yield and
        purity of the cancer cell suspension will be reported to the Sponsor.
        These protocols for pre]2aring materials for clinical trial will be
        transferred to Sponsor.

B.      Design and write sections of the IND protocol. University investigators
        will, in discussion and collaboration with the Sponsor, deliver the
        following written sections of a Clinical Trial Protocol and
        corresponding IND application for a study entitled, "PHASE II TRIAL
        EVALUATING AUTOLOGOUS DENDRITIC CELLS PULSED WITH AUTOLOGOUS
        GLIOBLASTOMA PEPTIDES FOR THE ADJUVANT TREATMENT OF MALIGNANT GLIOMA."

               i.     General Investigational Plan

               ii.    Investigators Brochure

               iii.   Detailed Protocol to include an Introduction, Objectives,
                      Study Hypothesis and Endpoints, Treatment Plan,
                      Pretreatment Evaluation, On Study Evaluation, Concomitant
                      Medications, Adverse Events, and Criteria for Disease
                      Evaluation.

               iv.    UCLA IRB application conforming to study guidelines

C.      Research results from sponsored research agreement. Quarterly reports
        will be delivered to Sponsor covering activities for the previous three
        months.

                                       9
<PAGE>   10
                          EXHIBIT C - PAYMENT SCHEDULE

One fourth (25% or $19,125) of total direct and indirect costs ($76,500) will be
paid to the University within ten (10) days of the signing date of this
agreement. One-third of the remaining balance ($19,125) will be paid to the
University at quarterly intervals thereafter.

                                       10<PAGE>   1
                                                                    EXHIBIT 10.6

                           FIRST AMENDMENT dated as of October 5, 2001 (this
                  "Amendment"), to the Amended and Restated Credit Agreement
                  dated as of April 27, 2001 (the "Credit Agreement"), among
                  MTS, INCORPORATED, a California corporation ("MTS"); TOWER
                  RECORDS KABUSHIKI KAISHA, a Japanese corporation ("TRKK" and,
                  together with MTS, the "Borrowers"); the LENDERS party thereto
                  (the "Lenders"); and THE CHASE MANHATTAN BANK, as
                  Administrative Agent (the "Agent").

                  WHEREAS the Borrowers have requested that certain provisions
of the Credit Agreement be amended in the manner provided for in this Amendment,
and the Lenders are willing to agree to such amendments on the terms and
conditions hereinafter set forth.

                  NOW, THEREFORE, the parties hereto hereby agree as follows:

                  1. Defined Terms. Capitalized terms used and not defined
herein shall have the meanings given to them in the Credit Agreement, as amended
hereby.

                  2. Amendments to Credit Agreement.
(a) Section 1.01 of the Credit Agreement is hereby amended by amending the
definition of "EBITDA" to replace the reference therein to "US$10,500,000" with
a reference to "US$12,500,000".

                  (b) Paragraph (b) of Section 2.09 of the Credit Agreement is
hereby amended and restated in its entirety as follows:

                  "(b) The Commitments will be automatically reduced, pro rata
     as between Facility A and Facility B (based on the respective aggregate
     amounts of the Facility A Commitments and the Facility B Commitments and on
     Exchange Rates prevailing on the dates of such Commitment reductions), (i)
     on July 31, 2001, by US$15,000,000, (ii) on October 5, 2001, by an
     additional US$5,000,000 and (iii) on December 31, 2001, by an additional
     US$10,000,000, in each case in addition to any reductions made pursuant to
     paragraph (d) below (other than any such reductions resulting from the
     receipt of net cash proceeds from the monetization of the cash surrender
     value of life insurance maintained by the Parent, MTS or any Subsidiary,
     which shall be credited against the reductions required to be made under
     this paragraph), and the Facility A Borrowings and Facility B Borrowings
     will be prepaid to the extent required under paragraph (c) below after
     giving effect to such reductions."

<PAGE>   2
                  (c) Section 5.01 of the Credit Agreement is hereby further
     amended by (i) in the lead-in sentence to the Section, adding the words
     "(except in the case of paragraph (l))" immediately after the words "The
     Borrowers' Agent will furnish to the Administrative Agent and",
     (ii)deleting the word "and" appearing at the end of paragraph (k), (iii)
     relettering existing paragraph (l) as paragraph (m) and (iv) adding a new
     paragraph (l) as follows:

                  "(l) promptly (on a basis acceptable to the Administrative
          Agent) after receipt thereof, delivery to the Administrative Agent
          (which shall not be under any obligation to forward such information
          to the Lenders) of any bids received in connection with any proposed
          sale of the businesses, operations and/or assets of MTS and the
          Subsidiaries; and"

                  (d) Section 5.13 of the Credit Agreement is hereby amended by
     deleting paragraphs (d) and (e)thereof.

                  (e) Section 6.13 of the Credit Agreement is hereby amended and
     restated in its entirety as follows:

                  "SECTION 6.13. EBITDA. The Borrowers will not permit EBITDA of
          MTS and the Subsidiaries for any period set forth below to be less
          than the amount set forth below opposite such period:

<TABLE>
<CAPTION>
                  Period                               Min EBITDA
                  ------                               ----------
<S>                                                    <C>
                  02/01/01 - 04/30/01                  US$ 7,580,000
                  03/01/01 - 05/31/01                     11,410,000
                  04/01/01 - 06/30/01                     11,330,000
                  05/01/01 - 07/31/01                     11,500,000
                  08/01/01 - 08/31/01                      2,000,000
                  08/01/01 - 09/30/01                      4,225,000
                  08/01/01 - 10/31/01                      6,350,000
                  09/01/01 - 11/30/01                      7,750,000
                  10/01/01 - 12/31/01                     17,500,000
                  11/01/01 - 01/31/02                     19,600,000
                  12/01/01 - 02/28/02                     18,320,000
                  01/01/02 - 03/31/02                     10,050,000"
</TABLE>

                  (f) Section 6.14 of the Credit Agreement is hereby amended and
     restated in its entirety as follows:

                      "SECTION 6.14. Leverage Ratio. The Borrowers will not
          permit the Leverage Ratio as of any date during any period set forth
          below to be greater than the ratio set forth below opposite such
          period:
<PAGE>   3

<TABLE>
<CAPTION>
                  Period                                Ratio
                  ------                                -----
<S>               <C>                                   <C>
                  04/27/01 - 05/30/01                   11.17:1.00
                  05/31/01 - 06/29/01                    7.37:1.00
                  06/30/01 - 07/30/01                    7.08:1.00
                  07/31/01 - 08/30/01                    7.10:1:00
                  08/31/01 - 09/29/01                          N/A
                  09/30/01 - 10/30/01                          N/A
                  10/31/01 - 11/29/01                   12.75:1.00
                  11/30/01 - 12/30/01                   10.60:1.00
                  12/31/01 - 01/30/02                    4.25:1:00
                  01/31/02 - 02/27/02                    4.00:1:00
                  02/28/02 - 03/30/02                    4.35:1.00
                  03/31/02 - 04/23/02                    7.80:1.00"
</TABLE>

                  (g) Clause (iv) of Section 9.02(b) is hereby amended by
     deleting the reference therein to "5.13".

                  3. Effect of Amendments. Except as expressly set forth herein,
this Amendment shall not by implication or otherwise limit, impair, constitute a
waiver of, or otherwise affect the rights or remedies of the Lenders, the
Collateral Agent or the Administrative Agent under the Credit Agreement, as
amended by this Amendment, or any other Loan Document, and shall not alter,
modify, amend or in any way affect any of the terms, conditions, obligations,
covenants or agreements contained in the Credit Agreement, as amended by this
Amendment, or any other Loan Document, all of which are ratified and affirmed in
all respects and shall continue in full force and effect. Nothing herein shall
be deemed to entitle the Borrower to a consent to, or a waiver, amendment,
modification or other change of, any of the terms, conditions, obligations,
covenants or agreements contained in the Credit Agreement, as amended by this
Amendment, or any other Loan Document in similar or different circumstances.
This Amendment shall apply and be effective only with respect to the provisions
of the Credit Agreement set forth herein. After the date hereof, any reference
to the Credit Agreement shall mean the Credit Agreement as modified hereby. This
Amendment shall constitute a "Loan Document" for all purposes of the Credit
Agreement and the other Loan Documents. The date referred to in Section
2.09(b)(ii), as amended by Section 2(b) hereof, shall mean October 5, 2001, New
York City time.

                  4. Representations and Warranties. The Borrower hereby
represents and warrants to the Agent and the Lenders as of the date hereof as
follows:

                  (a) No Default or Event of Default has occurred and is
continuing.

                  (b) The execution, delivery and performance by the Borrower of
this Amendment have been duly authorized by all necessary corporate and other
action and do not and will not require any registration with, consent or
approval of, notice to

<PAGE>   4

or action by, any person (including any governmental agency) in order to be
effective and enforceable. The Credit Agreement as amended by this Amendment
constitutes the legal, valid and binding obligation of the Borrower, enforceable
against it in accordance with its terms, subject to applicable bankruptcy,
insolvency, reorganization, moratorium or other laws affecting creditors' rights
generally and subject to general principles of equity, regardless of whether
considered in a proceeding in equity or at law.

                  (c) All representations and warranties of the Borrower
contained in Article III of the Credit Agreement (other than representations or
warranties expressly made only on and as of the Restatement Effective Date) are
true and correct in all material respects as of the date hereof.

                  5. Effectiveness. This Amendment shall become effective (the
"Amendment Effective Date") only upon satisfaction of the following conditions
prior to 5:00 p.m., New York time, on October 5, 2001:

                  (i) the Agent shall have received counterparts hereof duly
     executed and delivered by the Borrower and the Lenders; and

                  (ii) the Borrower shall have paid an amendment fee to each
     Lender that has delivered an executed counterpart of this Amendment to the
     Agent by the Amendment Effective Date, equal to 0.375% of the aggregate
     amount of such Lender's Loans and unused Commitments (such payment to be
     made by wire transfer of immediately available funds to the Agent for the
     respective accounts of such Lenders).

Once effective, the amendments set forth in this Amendment shall be retroactive
to September 30, 2001.

                  6. Expenses. The Borrower agrees to reimburse the Agent for
its out-of-pocket expenses in connection with this Amendment, including the
reasonable fees, charges and disbursements of Cravath, Swaine & Moore, counsel
for the Agent.
<PAGE>   5

                  7. GOVERNING LAW; COUNTERPARTS. (a) THIS AMENDMENT AND THE
RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED BY AND CONSTRUED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT
OF LAW PRINCIPLES.

                  (b) This Amendment may be executed in any number of
counterparts and by different parties hereto on separate counterparts, each of
which when so executed and delivered shall be deemed an original, but all of
which together shall constitute a single instrument. Delivery of an executed
counterpart of a signature page of this Amendment by facsimile transmission
shall be as effective as delivery of a manually executed counterpart hereof.

                  8. Submission to Jurisdiction. The provisions of Section 9.09
of the Credit Agreement shall apply mutatis mutandis to this Amendment and any
action or proceeding in respect hereof.

<PAGE>   6
                  IN WITNESS WHEREOF, the parties hereto have caused this
Amendment to be duly executed and delivered by their respective proper and duly
authorized officers as of the day and year first above written.

                                       MTS, INCORPORATED,

                                       By /s/ Russell Solomon
                                           -------------------------------------
                                       Name: Russell Solomon
                                       Title: Chairman

                                       TOWER RECORDS KABUSHIKI KAISHA,

                                       By /s/ Michael Solomon
                                           -------------------------------------
                                       Name: Michael Solomon
                                       Title: Director

                                       THE CHASE MANHATTAN BANK,
                                       Individually and as Administrative Agent

                                       By  /s/ Susan E. Atkins
                                           -------------------------------------
                                       Name: Susan E. Atkins
                                       Title: Managing Director
<PAGE>   7
                                                              SIGNATURE PAGE to
                                                    FIRST AMENDMENT dated as of
                                                                October 5, 2001
                                                          to MTS, INCORPORATED/
                                                 TOWER RECORDS KABUSHIKI KAISHA
                                          AMENDED AND RESTATED CREDIT AGREEMENT

                                                To approve the First Amendment:

                                               Name of Institution: BNP Paribas

                                            By: /s/ Edward V. Canale
                                                -------------------------------
                                            Name: Edward V. Canale
                                            Title: Managing Director

                                            By: /s/ Barbara Eppolito
                                                -------------------------------
                                            Name: Barbara Eppolito
                                            Title: Vice President

<PAGE>   8
                                                              SIGNATURE PAGE to
                                                    FIRST AMENDMENT dated as of
                                                                October 5, 2001
                                                          to MTS, INCORPORATED/
                                                 TOWER RECORDS KABUSHIKI KAISHA
                                          AMENDED AND RESTATED CREDIT AGREEMENT

                                                To approve the First Amendment:

                                   Name of Institution: California Bank & Trust

                                         By: /s/ Thomas C. Paton, Jr.
                                             ----------------------------------
                                         Name: Thomas C. Paton, Jr.
                                         Title: Senior Vice President & Manager

<PAGE>   9

                                                              SIGNATURE PAGE to
                                                    FIRST AMENDMENT dated as of
                                                                October 5, 2001
                                                          to MTS, INCORPORATED/
                                                 TOWER RECORDS KABUSHIKI KAISHA
                                          AMENDED AND RESTATED CREDIT AGREEMENT

                                                 To approve the First Amendment:

                                 Name of Institution: First Union National Bank

                                              By: /s/ M. G. Hyde
                                                  -----------------------------
                                              Name: M. G. Hyde
                                              Title: Director

<PAGE>   10
                                                              SIGNATURE PAGE to
                                                    FIRST AMENDMENT dated as of
                                                                October 5, 2001
                                                          to MTS, INCORPORATED/
                                                 TOWER RECORDS KABUSHIKI KAISHA
                                          AMENDED AND RESTATED CREDIT AGREEMENT

                                                To approve the First Amendment:

                                    Name of Institution: The Fuji Bank, Limited

                                              By: /s/ Masahito Fukuda
                                                  -----------------------------
                                              Name: Masahito Fukuda
                                              Title: Senior Vice President

<PAGE>   11
                                                              SIGNATURE PAGE to
                                                    FIRST AMENDMENT dated as of
                                                                October 5, 2001
                                                          to MTS, INCORPORATED/
                                                 TOWER RECORDS KABUSHIKI KAISHA
                                          AMENDED AND RESTATED CREDIT AGREEMENT

                                                To approve the First Amendment:

                                       Name of Institution: Lloyds TSB Bank PLC

                                   By: /s/ David Rodway
                                       ----------------------------------------
                                   Name: David Rodway
                                   Title: Vice President, Credit Services, USA

                                   By: /s/ Mark Grant
                                       ---------------------------------------
                                   Name: Mark Grant
                                   Title: Senior V.P. & Chief Credit Officer

<PAGE>   12
                                                              SIGNATURE PAGE to
                                                    FIRST AMENDMENT dated as of
                                                                October 5, 2001
                                                          to MTS, INCORPORATED/
                                                 TOWER RECORDS KABUSHIKI KAISHA
                                          AMENDED AND RESTATED CREDIT AGREEMENT

                                                To approve the First Amendment:

              Name of Institution: The Mitsubishi Trust and Banking Corporation

                                                   By: /s/ Makoto Ueno
                                                       ------------------------
                                                   Name: Makoto Ueno
                                                   Title: Joint General Manager

<PAGE>   13

                                                              SIGNATURE PAGE to
                                                    FIRST AMENDMENT dated as of
                                                                October 5, 2001
                                                          to MTS, INCORPORATED/
                                                 TOWER RECORDS KABUSHIKI KAISHA
                                          AMENDED AND RESTATED CREDIT AGREEMENT

                                                To approve the First Amendment:

                                            Name of Institution: Sanwa Bank Ltd

                                                    By: /s/ Patrick Mansoorian
                                                        -----------------------
                                                    Name: Patrick Mansoorian
                                                    Title: Vice President
<PAGE>   14

                                                              SIGNATURE PAGE to
                                                    FIRST AMENDMENT dated as of
                                                                October 5, 2001
                                                          to MTS, INCORPORATED/
                                                 TOWER RECORDS KABUSHIKI KAISHA
                                          AMENDED AND RESTATED CREDIT AGREEMENT

                                                To approve the First Amendment:

                                          Name of Institution: Societe Generale

                                             By: /s/ R. Wayne Hutton
                                                 ------------------------------
                                             Name: R. Wayne Hutton
                                             Title: Director, Corporate Banking

<PAGE>   15
                                                              SIGNATURE PAGE to
                                                    FIRST AMENDMENT dated as of
                                                                October 5, 2001
                                                          to MTS, INCORPORATED/
                                                 TOWER RECORDS KABUSHIKI KAISHA
                                          AMENDED AND RESTATED CREDIT AGREEMENT

                                                To approve the First Amendment:

                       Name of Institution: Sumitomo Mitsui Banking Corporation

                                                    By: /s/ William M. Ginn
                                                        -----------------------
                                                    Name: William M. Ginn
                                                    Title: General Manager

<PAGE>   16
                                                              SIGNATURE PAGE to
                                                    FIRST AMENDMENT dated as of
                                                                October 5, 2001
                                                          to MTS, INCORPORATED/
                                                 TOWER RECORDS KABUSHIKI KAISHA
                                          AMENDED AND RESTATED CREDIT AGREEMENT

                                                To approve the First Amendment:

                            Name of Institution: Union Bank of California, N.A.

                                                   By: /s/ Cecilia M. Valente
                                                       ------------------------
                                                   Name: Cecilia M. Valente
                                                   Title: Senior Vice President
<PAGE>   17
                                                              SIGNATURE PAGE to
                                                    FIRST AMENDMENT dated as of
                                                                October 5, 2001
                                                          to MTS, INCORPORATED/
                                                 TOWER RECORDS KABUSHIKI KAISHA
                                          AMENDED AND RESTATED CREDIT AGREEMENT

                                                To approve the First Amendment:

                                 Name of Institution: U.S. Bank National Assoc.

                                                          By: /s/ Mark A. Esnoz
                                                              -----------------
                                                          Name: Mark A. Esnoz
                                                          Title: Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00030-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00030-of-00352.parquet"}]]