Document:

Exhibit 10.5

LaSalle Business Credit, LLC                               Member ABN AMRO Group

135 South LaSalle Street
Suite 425
Chicago, Illinois  60603                              March 28, 2003
(312) 904-8490

The Singing Machine Company, Inc.
6601 Lyons Road
Suite A-7
Coconut Creek, Florida  33073

            Re:  Tenth Amendment

Gentlemen:

         The Singing Machine Company, Inc., a Delaware corporation ("Borrower")
and LaSalle Business Credit, LLC, a Delaware limited liability company
("Lender") have entered into that certain Loan and Security Agreement dated
April 26, 2001 (the "Security Agreement"). From time to time thereafter,
Borrower and Bank may have executed various amendments (each an "Amendment" and
collectively, as the "Agreement"). Borrower and Lender now desire to further
amend the Agreement as provided herein, subject to the terms and conditions
hereinafter set forth.

         NOW, THEREFORE, in consideration of the foregoing recitals, the mutual
covenants and agreements set forth herein and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto herby agree as follows:

         1. The Agreement hereby is amended as follows:

         (a) Paragraph (1) of Exhibit A of the Agreement is deleted in its
entirety and the following is substituted in its place:

                  (1)      LOANS: Subject to the terms and conditions of the
                           Agreement and the Other Agreements, Lender shall,
                           absent the occurrence of an Event of Default, advance
                           an amount up to the sum of the following sublimits
                           (the "Loan Limit"):

                           (a)      Up to seventy percent (70%), or such lesser
                                    percentage as determined by Lender in its
                                    sole discretion exercised in good faith, of
                                    the face amount (less maximum discounts,
                                    credits and allowances which may be taken by
                                    or granted to Account Debtors in

<PAGE>

LaSalle Business Credit, LLC                               Member ABN AMRO Group

The Singing Machine Company, Inc.
March 28, 2003
Page 2

                                    connection therewith in the ordinary course
                                    of Borrower's business) of Borrower's
                                    Eligible Accounts; plus

                           (b)      Subject to subparagraph (3)(a) of this
                                    Exhibit A, the lesser of: up to ten percent
                                    (10%), or such lesser percentage as
                                    determined by Lender in its sole discretion
                                    exercised in good faith, of the lower of the
                                    cost or market value of Borrower's Eligible
                                    inventory or Two Million and No/100 Dollars
                                    ($2,000,000.00) during the period of (March
                                    31, 2003 through May 31, 2003; plus

                           (c)      "Intentionally Omitted"; minus

                           (d)      Such reserves as Lender elects, in its sole
                                    discretion exercised in good faith, to
                                    establish from time to time, including
                                    without limitation, (i) a seasonal dilution
                                    reserve in the amount of One Million and
                                    No/100 Dollars ($1,000,000.00) against
                                    Borrower's "Eligible Accounts" during the
                                    period of March 31, 2003 until May 31, 2003,
                                    and (ii) to the extent that the ratio of
                                    Free on Board sales to domestic sales
                                    increases, Lender in its sole discretion may
                                    create a reserve to account for the
                                    additional dilution;

                                    provided, that the Loan Limit shall in no
                                    event exceed Ten Million and No/100 Dollars
                                    ($10,000,000.00) during the period of March
                                    31, 2003 through May 31, 2003, (the "Maximum
                                    Loan Limit"), except as such amount may be
                                    increased or, following the occurrence of an
                                    Event of Default, decreased by Lender, in
                                    its sole discretion, exercised in good
                                    faith, from time to tune.

         2. This Amendment shall not become effective until fully executed by
all parties hereto.

                   3. Except as expressly amended hereby and by any other
 supplemental documents or instruments executed by either party hereto in

<PAGE>
LaSalle Business Credit, LLC                               Member ABN AMRO Group

The Singing Machine Company, Inc.
March 28, 2003
Page 3

order to effectuate the transactions contemplated hereby, the Agreement and
Exhibit A thereto hereby are ratified and confirmed by the parties hereto and
remain in full force and effect in accordance with the terms thereof.

                                              LASALLE BUSINESS CREDIT, LLC, A
                                              DELAWARE LIMITED LIABILITY COMPANY

                                              By       /s/ Casey Orlowski
                                                  ----------------------------
                                              Title    Vice President
                                                    --------------------------

ACKNOWLEDGED AND AGREED TO
this 31st day of March, 2003.

The Singing Machine Company, Inc.

By /s/ John F. Klecha
-----------------------
John F. Klecha

Title  President/Secretary<PAGE>

                                                                     Exhibit 4.1
                                                                     -----------

                             CERTIFICATE OF TRUST OF
                     Chase Manhattan Auto Owner Trust 2003-A

         This Certificate of Trust of Chase Manhattan Auto Owner Trust 2003-A
(the "Trust"), dated as of April 7, 2003 is being duly executed and filed by
Wilmington Trust Company, a Delaware banking corporation, as trustee, to form a
statutory trust under the Delaware Statutory Trust Act (12 Del. C. ss.3801 et
seq.).

         1. Name. The name of the statutory trust formed hereby is Chase
Manhattan Auto Owner Trust 2003-A.

         2. Delaware Trustee. The name and business address of the trustee of
the Trust in the State of Delaware is Wilmington Trust Company, Rodney Square
North, 1100 North Market Square, Wilmington, Delaware 19890-0001, Attn:
Corporate Trust Administration.

         3. This Certificate of Trust shall be effective as of the date filed.

         IN WITNESS WHEREOF, the undersigned, being the sole trustee of the
Trust, has executed this Certificate of Trust as of the date first above
written.

                                         WILMINGTON TRUST COMPANY, not in its
                                         individual capacity but solely as
                                         trustee of the Trust

                                         By:  /s/ Janel R. Havrilla
                                              ---------------------------------
                                              Name:  Janel R. Havrilla
                                              Title: Financial Services Officer<PAGE>

                                                                     Exhibit 4.2
                                                                     -----------

         TRUST AGREEMENT, dated as of April 7, 2003, between Chase Manhattan
Bank USA, National Association, as Seller, and Wilmington Trust Company, a
Delaware banking corporation, not in its individual capacity but solely as Owner
Trustee (the "Owner Trustee"). The Seller and the Owner Trustee hereby agree as
follows:

         1. The trust created hereby shall be known as "Chase Manhattan Auto
Owner Trust 2003-A", in which name the Owner Trustee may engage in the
transactions contemplated hereby, make and execute contracts, and sue and be
sued.

         2. The Seller hereby assigns, transfers, conveys and sets over to the
Owner Trustee the sum of $1. The Owner Trustee hereby acknowledges receipt of
such amount in trust from the Seller, which amount shall constitute the initial
trust estate. The Owner Trustee hereby declares that it will hold the trust
estate in trust for the Seller. It is the intention of the parties hereto that
the Trust created hereby constitute a statutory trust under Chapter 38 of Title
12 of the Delaware Code, 12 Del. C. ss.3801 et seq., and that this document
constitutes the governing instrument of the Trust. The Owner Trustee is hereby
authorized and directed to execute and file a certificate of trust with the
Delaware Secretary of State in the form attached hereto.

         3. The Seller and the Owner Trustee will enter into an amended and
restated Trust Agreement, satisfactory to each such party, to provide for the
contemplated operation of the Trust created hereby. Prior to the execution and
delivery of such amended and restated Trust Agreement, the Owner Trustee shall
not have any duty or obligation hereunder or with respect to the trust estate,
except upon the written direction of the Seller to take such action as
determined by the Seller to be necessary to obtain prior to such execution and
delivery any licenses, consents or approvals required by applicable law or
otherwise.

         4. This Trust Agreement may be executed in one or more counterparts.

         5. The Owner Trustee may resign upon thirty days prior notice to the
Seller.

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Trust Agreement
to be duly executed by their respective officers hereunto duly authorized, as of
the day and year first above written.

                                        CHASE MANHATTAN BANK USA,
                                        NATIONAL ASSOCIATION, as Seller

                                        By: /s/ Andrew T. Semmelman
                                            -----------------------------
                                            Name:  Andrew T. Semmelman
                                            Title: Vice President

                                        WILMINGTON TRUST COMPANY, not in its
                                        individual capacity but solely as
                                        Owner Trustee

                                        By: /s/ Janel R. Havrilla
                                            -----------------------------
                                            Name:  Janel R. Havrilla
                                            Title: Financial Services Officer

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