Document:

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                                                                    EXHIBIT 10.4

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                              EMPLOYMENT AGREEMENT

         This Employment Agreement ("Agreement") is entered into as of the 28th
day of June, 2002, (the "Effective Date") by and among Integrity Media, Inc., a
Delaware corporation, ("Employer") and Jeffory Moseley, an individual resident
of the State of Tennessee ("Employee") in connection with that certain
transaction in which Employer has purchased all of the limited liability company
interests of M2 Communications, L.L.C. This Agreement, including specifically,
but without limitation, Employee's agreement to the restrictive covenants
contained in Paragraphs 6, 7, 8, 9 and 10 below, is an essential prerequisite to
Employer's agreement to purchase Employee's limited liability company interests
in M2 Communications, L.L.C. as that transaction is more fully described in that
certain LLC Purchase Agreement dated June 28, 2002 between Employer and Employee
(the "Purchase Agreement").

         In consideration of the promises, covenants and conditions set forth
herein, and for other good and valuable consideration, including without
limitation, Employer's purchase of Employee's limited liability company
interests in M2 Communications, L.L.C., the receipt and sufficiency of which is
hereby acknowledged, Employee and Employer agree as follows:

1.       Employment.

         Employer hereby employs Employee and Employee hereby accepts that
employment. Employee shall serve as the President of M2 Communications, L.L.C.,
a Tennessee limited liability company and wholly owned subsidiary of Employer,
or in a comparable executive position with Employer or a subsidiary of Employer,
which shall conduct the business formerly conducted by M2 Communications, L.L.C.
(the "Position"), upon the terms and conditions hereinafter set forth.
Initially, Employee shall report directly to the President and Chief Operating
Officer of Integrity Music, Inc., the music division of Employer.

2.       Services.

         During the term of employment hereunder, Employee shall devote his full
professional time and energy to the performance of his duties as President of M2
Communications, L.L.C. and shall use his best efforts in the performance of the
same. Employer and Employee agree that Employee's duties in the Position shall
be determined by Employer and may be altered by Employer from time to time
subject to the terms of this Agreement. Employer and Employee acknowledge and
agree that Employee's initial duties in the Position shall consist of, among
other things, providing general oversight of M2 Communications, L.L.C., which
includes, without limitation, direction of all product development, marketing
and sales, purchasing and inventory management, strategic planning, annual
budgeting and other customary duties of a president of a subsidiary.

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3.       Compensation.

         For and in consideration of the promises and covenants made herein and
the services to be provided hereunder, Employer agrees to compensate Employee as
follows:

         (a)      Salary. Employer shall pay to Employee a salary at the annual
                  rate of Two Hundred Thousand Dollars and No Cents
                  ($200,000.00), less taxes and other normal withholdings (the
                  "Annual Salary"). The Annual Salary shall be paid to Employee
                  in approximately equal semi-monthly installments.

         (b)      Retention Bonus. In addition to the Annual Salary, Employer
                  shall pay to Employee a cash retention bonus in the total
                  aggregate amount of Two Million Five Hundred Thousand Dollars
                  and No Cents ($2,500,000.00), less taxes and other normal
                  withholdings and subject to being offset by any amount owed by
                  Employee to Employer under Article 8 of the Purchase
                  Agreement, in four installments as follows: (i) Two Hundred
                  Fifty Thousand Dollars and No Cents ($250,000.00) will be paid
                  upon Employee's completion of four (4) years of service to
                  Employer under the terms of this Agreement; (ii) Seven Hundred
                  Fifty Thousand Dollars and No Cents ($750,000.00) will be paid
                  upon Employee's completion of five (5) years of service to
                  Employer under the terms of this Agreement; (iii) Seven
                  Hundred Fifty Thousand Dollars and No Cents ($750,000.00) will
                  be paid upon Employee's completion of six (6) years of service
                  to Employer under the terms of this Agreement; and (iv) Seven
                  Hundred Fifty Thousand Dollars and No Cents ($750,000.00) will
                  be paid upon Employee's completion of seven (7) years of
                  service to Employer under the terms of this Agreement
                  (collectively, the "Retention Bonus"). The payments shall be
                  made within thirty (30) days immediately following the
                  relevant anniversary of the Effective Date of this Agreement,
                  or earlier, as provided herein.

         (c)      Benefits. Employee shall be entitled to receive or participate
                  in all employment benefits or benefit plans generally made
                  available by Employer to the majority of its other executive
                  employees, if any, to the same extent and under the same
                  conditions as other employees covered by each respective
                  benefits.

         (d)      Vacation. Employee shall be entitled to four weeks of paid
                  vacation per fiscal year.

         (e)      Bonus. As long as Employee holds an executive officer position
                  with Employer, Employee shall be eligible to receive cash
                  bonuses, separate and apart from the Retention Bonus, under
                  the executive cash bonus compensation system established from
                  time to time by the Employer. Under such system, cash bonuses
                  are awarded in the judgment of the

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                  Compensation Committee of the Board of Directors of the
                  Employer based on the achievement of budgeted targets and the
                  individual performance of the Employee.

4.       Term and Termination.

         Employee's employment with Employer shall continue for a period of
seven (7) years from the 28th day of June, 2002, unless earlier terminated as
provided in this Agreement. Employee acknowledges and agrees that this
Agreement, and his employment with Employer, shall be terminated upon the
occurrence of any of the following events:

         (a)      Employee's death;

         (b)      Employee becoming or remaining Disabled for a substantially
                  continuous period of six months. For purposes of this
                  Paragraph, the term "Disabled" shall mean Employee's inability
                  to perform the essential functions of his position with
                  reasonable accommodation;

         (c)      Mutual written agreement between Employer and Employee to
                  terminate;

         (d)      Subject to Paragraph 5 of this Agreement and upon six (6)
                  months prior written notice of termination from Employer to
                  Employee for any reason or no reason at all; provided,
                  Employer, at its sole discretion, may elect to pay to Employee
                  an amount equal to Employee's salary for six (6) months in
                  lieu of providing the notice set forth in this subparagraph;

         (e)      Immediately upon written notice of termination from Employer
                  "for cause." For purposes of this Agreement, a termination
                  shall be considered to be "for cause" if it occurs in
                  conjunction with a good faith, informed determination by
                  Employer that Employee has committed or engaged in either (i)
                  any intentional act that constitutes, on the part of Employee,
                  fraud, dishonesty, breach of fiduciary duty, or gross
                  misfeasance of duty or conviction of a felony; (ii) any
                  intentional failure to abide by laws applicable to him in his
                  capacity as an employee or executive of Employer or applicable
                  to Employer or any of its subsidiaries; (iii) any violation of
                  any policy of Employer relating to conflict of interest; (iv)
                  any failure or refusal on the part of Employee to perform his
                  duties under this Agreement or to obey lawful directives from
                  his appointed supervisor; or (v) conduct by Employee in his
                  office with the Employer that is grossly inappropriate and
                  demonstrably likely to lead to material injury to Employer, as
                  determined by the Board of Directors of Employer acting
                  reasonably and in good faith; provided, that in the case of
                  (ii), (iii), (iv) or (v) above, such conduct shall not
                  constitute "cause" unless Employer's Board of Directors or its
                  designee shall have delivered to Employee notice setting forth
                  with specificity (A) the conduct deemed to qualify as "cause"

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                  and (B) a reasonable time (not less than ten (10) days) within
                  which Employee may take such remedial action, and Employee
                  shall not have taken such specified remedial action within the
                  specified time; or

         (f)      Upon written notice of termination for Good Reason, as defined
                  in Paragraph 4(g) of this Agreement, from Employee to
                  Employer.

         (g)      Definition.

         The following definition shall apply to this Agreement:

                  "Good Reason" means the occurrence of any of the following,
         provided that notice in writing from Employee to Employer has been
         provided and that a period of ten (10) days after such notice has run
         during which time Employer has failed to correct or otherwise remedy
         the conduct or conditions giving rise to Good Reason:

                  (i) a reduction by Employer in the Annual Salary;

                  (ii) effecting a change in the Position, which does not result
                  in Employee holding a position commensurate in level,
                  authority, and responsibility with the Position;

                  (iii) Employer requiring Employee to be based anywhere more
                  than 20 miles from the location of Employee's office as of the
                  commencement of Employee's employment with Employer under this
                  Agreement.

5.       Severance Payment.

         If Employee's employment with Employer is terminated by Employer
pursuant to Paragraph 4(d) or by Employee pursuant to Paragraph 4(f) of this
Agreement, or if the Employer, in its sole discretion, elects not to enter into
a new employment agreement with Employee, with annual base compensation not less
than the Annual Salary, following the expiration of this Agreement's seven (7)
year term, the Employee shall be entitled to receive as a severance benefit
aggregate severance payments in an amount equal to (i) the Employee's annual
salary on the date of the Employee's termination of employment, but not less
than the Annual Salary, for (x) any remaining portion of the term of this
Agreement beyond the effective date of the termination or (y) the remaining term
of the covenant not to compete provided in Paragraph 10 of this Agreement,
whichever period is longer, and (ii) any portion of the Retention Bonus that
remains unpaid as of the effective date of the termination, less any amount paid
in lieu of termination notice under Paragraph 4(d) of this Agreement (the
"Severance Payments"). The Severance Payments may be made by the Employer in
accordance with the terms of Paragraphs 3(a) and 3(b) of this Agreement or as a
lump sum payment within ninety (90) days after termination of Employee's
employment with Employer, as determined by the Employer in its sole and absolute
discretion. In addition, if Employee properly elects and

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remains eligible for COBRA health insurance continuation and if Employee's
employment with Employer is terminated by Employer pursuant to Paragraph 4(d) or
by Employee pursuant to Paragraph 4(f) of this Agreement, Employer will
reimburse Employee for COBRA health insurance continuation premiums for 18
months immediately following the termination of Employee's employment with
Employer. Notwithstanding the foregoing, Employee's rights to the foregoing
health insurance benefits shall terminate as to any benefit for which he becomes
eligible that provides substantially similar benefits on substantially similar
terms through a program of a subsequent employer or otherwise (such as through
coverage obtained by Employee's spouse). Employer reserves the right to stop or
withhold payment of the Severance Payments and benefits, if the Employee fails
at any time to be in compliance with Paragraphs 6, 7, 8, 9 or 10 of this
Agreement.

6.       Non-disclosure of Confidential Information.

         (a)      Definitions.
                  -----------

         The following definitions shall apply to this Agreement:

                  (i) "Trade Secrets" means all secret, proprietary or
                  confidential information regarding Employer (which for
                  purposes of this Paragraph 6 shall include M2 Communications,
                  L.L.C. and its subsidiaries) or its business, including any
                  and all information not generally known to, or ascertainable
                  by, persons not employed by Employer, the disclosure or
                  knowledge of which would permit those persons to derive actual
                  or potential economic value therefrom or to cause economic or
                  financial harm to Employer. Such information shall include,
                  but not be limited to, financial information, strategic plans
                  and forecasts, marketing plans and forecasts, customer lists,
                  mailing lists, computer software (including without
                  limitation, source code, object code and manuals), customer
                  billing or order information, technical information regarding
                  Employer's products or services, prices offered to or paid by
                  customers, purchase and supply information, current and future
                  development and expansion or contraction plans of Employer,
                  sales and marketing plans and techniques, information
                  concerning personnel assignments and operations of Employer
                  and matters concerning the financial affairs, future plans and
                  management of Employer. "Trade Secrets" shall not include
                  information that has become generally available to the public
                  by the act of one who has the right to disclose such
                  information without violating a legal right of Employer.

                  (ii) "Confidential Information" means information, other than
                  Trade Secrets, which relates to Employer, Employer's
                  activities, Employer's business or Employer's suppliers or
                  customers that is not generally known by persons not employed
                  by Employer and which is or has been disclosed to Employee or
                  of which Employee became aware as a consequence of or

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                  through his relationship to Employer. "Confidential
                  Information" shall not include information that has become
                  generally available to the public by the act of one who has
                  the right to disclose such information without violating any
                  legal right of Employer.

                  (iii) "Documents" means originals or copies of handbooks,
                  manuals, files, memoranda, correspondence, notes, photographs,
                  slides, overheads, audio or visual tapes, cassettes, or disks,
                  and records maintained on computer or other electronic media.

         (b)      Covenant Regarding Non-disclosure of Trade Secrets or
                  Confidential Information.

                  Employee covenants and agrees that: (i) during his employment
         with Employer he will not use or disclose any Trade Secrets or
         Confidential Information of Employer other than as necessary in
         connection with the performance of his duties as an employee of
         Employer; and (ii) for a period of two (2) years immediately following
         the termination of his employment with Employer, or for a period of
         five (5) years from the Closing Date as defined in the Purchase
         Agreement, whichever period is longer, Employee shall not, directly or
         indirectly, transmit or disclose any Trade Secret or Confidential
         Information of Employer to any person and shall not make use of any
         such Trade Secret or Confidential Information, directly or indirectly,
         for himself or others, without the prior written consent of Employer,
         except for a disclosure that is required by any law or order, in which
         case Employee shall provide Employer prior written notice of such
         requirement and an opportunity to contest such disclosure. However, to
         the extent that such information is a "trade secret" as that term is
         defined under a state or federal law, this subparagraph is not intended
         to, and does not, limit Employer's rights or remedies thereunder and
         the time period for prohibition on disclosure or use of such
         information is until such information becomes generally known to the
         public through the act of one who has the right to disclose such
         information without violating a legal right of Employer.

         (c)      Return of Information.

                  Employee agrees that he shall return all Trade Secrets,
         Confidential Information or other property of Employer immediately upon
         the termination of his employment with Employer, or upon earlier
         request by Employer, including all handbooks, training materials,
         reports, policy statements, programs, customer lists, mailing lists and
         other documents provided by Employer or acquired by Employee as a
         result of his employment with Employer, and all copies, summaries,
         abstracts, notes and excerpts thereof.

7.       Inventions and Other Developments.

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         All inventions, formulas, techniques, processes, concepts, systems and
programs, documents, mailing lists and customer lists and compilations, whether
or not patented or patentable, or subject to copyright, made or conceived,
individually or in conjunction with others, by Employee during the term of his
employment with Employer (which for purposes of this Paragraph 7 shall include
M2 Communications, L.L.C. and its subsidiaries) that relate to activities or
proposed activities of Employer or that result from work performed by Employee
for Employer are the sole and exclusive property of Employer. Employee further
agrees that upon request by Employer, he will assign title to any such
inventions, formulas, techniques, processes, concepts, systems and programs, and
lists and compilations to Employer and will sign any and all documents necessary
to effect such assignment.

8.       Non-Solicitation.

         (a)      Definitions.

         The following definitions shall apply to this Agreement:

                  (i) "Business Activities" means the production, publishing or
                  distribution of Christian music products, such as videos,
                  compact discs, cassette tapes, trax and songbooks.

                  (ii) "Customer" means any individual or entity with whom the
                  Employer has produced, published or distributed, or to whom
                  the Employer has sold, Christian music products, such as
                  videos, compact discs, cassette tapes, trax and songbooks, and
                  with whom Employee had, alone or in conjunction with others,
                  Material Contact during the twelve (12) months prior to the
                  termination of his employment.

                  (iii) "Material Contact" occurs with a Customer when (i)
                  Employee had business dealings with the Customer on the
                  Employer's (which for purposes of this Paragraph 8 shall
                  include M2 Communications, L.L.C. and its subsidiaries)
                  behalf; (ii) Employee was responsible for supervising or
                  coordinating the business dealings between the Customer and
                  the Employer; or (iii) Employee obtained Trade Secrets or
                  Confidential Information (as those terms are defined in
                  Paragraph 6 of this Agreement) about the Customer as a result
                  of Employee's association with the Employer.

         (b)      Non-Solicitation Covenant.

                  Employee covenants and agrees that during the term of his
         employment with Employer and for a period of two (2) years immediately
         following the termination of said employment for any reason, or for a
         period of five (5) years from the Closing Date as defined in the
         Purchase Agreement, whichever period is

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         longer, he will not, without the prior written permission of the
         Employer, directly or indirectly, for himself or on behalf of any other
         person or entity, solicit or attempt to solicit or take away any
         Customer or prospective Customer of the Employer for purposes of
         engaging in the Business Activities.

9.       Non-recruitment of Employees Covenant.

         Employee agrees that he will not, for so long as he is employed by
Employer (which for purposes of this Paragraph 9 shall include M2
Communications, L.L.C. and its subsidiaries), and for a period of two (2) years
immediately following the termination of his employment, or for a period of five
(5) years from the Closing Date as defined in the Purchase Agreement, whichever
period is longer, solicit or induce, or attempt to solicit or induce, any
employee of the Employer to terminate his or her relationship with Employer or
to enter into an employment or agency relationship with Employee or with any
other person or entity other than Employer.

10.      Covenant Not to Compete.

         Employee expressly covenants and agrees that during the term of his
employment with Employer and for a period of two (2) years immediately following
the termination of said employment for any reason, or for a period of five (5)
years from the Closing Date as defined in the Purchase Agreement, whichever
period is longer, he will not, directly or indirectly, seek, obtain or accept a
"Competitive Position" in the "Restricted Territory" with a "Competitor" of
Employer. For purposes of this Agreement, a "Competitor" of Employer is any
business, individual, partnership, joint venture, association, firm,
corporation, company or other entity engaged, wholly or in part, in the
production, publishing or distribution of Christian music products, such as
videos, compact discs, cassette tapes, trax and songbooks; a "Competitive
Position" is any employment with a "Competitor" of Employer in a position in
which Employee will use or is likely to use any Confidential Information or
Trade Secrets (as those terms are defined in Paragraph 6 of this Agreement), or
in which Employee will have direct or indirect responsibility for, or
supervision of, any position for such Competitor which is the same or
substantially similar to any position of Employer over which Employee had direct
or indirect responsibility or supervisory authority; and "Restricted Territory"
is the geographical area set forth in Exhibit A to this Agreement. Nothing
contained in this Paragraph is intended to prevent Employee from investing in
stock or other securities listed on a national securities exchange or actively
traded on the over the counter market of any Competitor; provided, however, that
Employee shall not hold more than a total of five percent (5%) of all issued and
outstanding stock or other securities of any such corporation.

11.      Relief.

         Employee acknowledges and agrees: that the Employer is in the business
of producing, publishing and distributing Christian music products, such as
videos, compact discs, cassette tapes, trax and songbooks, on a nationwide
basis; and that by virtue of his employment, Employee will receive access to the
Employer's Trade Secrets, Confidential

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Information, training and experience; and that in his position as President of
M2 Communications, L.L.C., Employee will be responsible for all aspects of the
product development, marketing and sales, purchasing and inventory management,
strategic planning, annual budgeting and related activities of M2
Communications, L.L.C.; and that Employee will be directly or indirectly
involved in business relationships with all of the Customers and clients of M2
Communications, L.L.C. As a consequence of the foregoing, Employee acknowledges
that great loss and irreparable harm and damage would be suffered by the
Employer in the event of breach by him of the terms of this Agreement.

         Employee acknowledges that the covenants and promises contained in this
Agreement are reasonable and necessary means of protecting and preserving
Employer's goodwill and its interest in the confidentiality and proprietary
value of its Trade Secrets and Confidential Information. Employee further
acknowledges that the same are reasonable and necessary means of protecting
Employer from unfair competition by Employee. Employee agrees that any breach of
the covenants or promises contained in Paragraphs 6, 7, 8, 9 or 10 of this
Agreement will leave Employer with no adequate remedy at law and may cause
Employer to suffer irreparable damage and injury. Employee further agrees that
any breach of these covenants or promises will entitle Employer to injunctive
relief in any court of competent jurisdiction without the necessity of posting
any bond. Employee also agrees that any such injunctive relief shall be in
addition to any damages that may be recoverable by Employer as a result of such
breach. Employer agrees that Employee will be entitled to seek a declaratory
judgment as to the enforceability of any of the covenants or promises contained
in Paragraphs 6, 7, 8, 9 or 10 of this Agreement.

         Employee further agrees that no failure or delay by Employer in
exercising, enforcing or asserting any right, power or privilege hereunder shall
operate as a waiver thereof, nor shall any single or partial exercise thereof
preclude any other or further exercise of any such right, power or privilege.

12.      Severability.

         The covenants and other provisions set forth in this Agreement shall be
considered and construed as separate and independent covenants and provisions.
Should any covenant or provision, or any part thereof, be held invalid, void or
unenforceable in any court of competent jurisdiction, such invalidity, voidness
or unenforceability shall not render invalid, void or unenforceable any other
part, covenant or provision of this Agreement. If any portion of the foregoing
covenants or provisions is found to be invalid or unenforceable by a court of
competent jurisdiction because its duration, territory, definition of activities
or definition of information covered is invalid or unreasonable in scope, the
invalid or unreasonable term shall be eliminated, redefined, or replaced with a
new enforceable term such that the intent of Employer and Employee in agreeing
to the covenants and provisions of this Agreement will not be impaired and the
covenant or provision in question shall be enforceable to the fullest extent of
the applicable laws.

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13.      Disputes and Governing Law.

         Employer and Employee agree that, except as provided in Paragraph 11 of
this Agreement, any dispute arising in connection with, or relating to, this
Agreement or the termination of this Agreement, to the maximum extent allowable
by applicable law, shall be subject to resolution through informal methods and,
failing such efforts, through arbitration. Either party may notify the other
party of the existence of a dispute by written notice. The parties shall
thereafter attempt in good faith to resolve their differences within the thirty
(30) days after the receipt of such notice. If the dispute cannot be resolved
within the thirty (30) day period, either party may file a written demand for
arbitration with the other party. The arbitration shall proceed in accordance
with the terms of the Federal Arbitration Act and the rules and procedures of
the American Arbitration Association; provided however, that (i) each party
shall be entitled to one (1) deposition as a matter of right (any other
depositions must be authorized by the arbitrator after a request made by motion
indicating why the depositions are needed) and (ii) either party may move for
dismissal through summary judgment or for failure to state a claim pursuant to
the standards of the Federal Rules of Civil Procedure and the arbitrator shall
decide such motion(s) promptly and in accordance with the relevant Federal Rule
of Civil Procedure and standards and case law applicable thereto. The parties
will attempt to choose an arbitrator acceptable to the Employer and Employee,
but if agreement on an arbitrator cannot be reached within ten (10) days after
either party files a written demand for arbitration, a single arbitrator shall
be appointed through the American Arbitration Association's procedures to
resolve the dispute. The arbitrator shall be required to state in a written
opinion those findings of fact and conclusions of law relied upon to reach and
support the decision rendered.

         Employer and Employee agree that in the event that arbitration is
necessary, the arbitrator shall apply the substantive laws of the state of
Tennessee and any applicable federal law. The place for the arbitration shall be
Mobile, Alabama.

         The award of the arbitrator shall be binding and conclusive upon the
parties. Either party shall have the right to have the award made the judgment
of a court of competent jurisdiction in the state of Alabama or the state of
Tennessee.

14.      Assignment.

         This Agreement may not be assigned by Employee to any other person or
entity but may be assigned by Employer at its discretion to any successor to
all, or any part, of the stock or assets of Employer or to any lender of
Employer.

15.      Titles.

         The titles, headings and captions used in this Agreement are for
convenience of reference only and shall in no way limit, define, expand, or
otherwise affect the meaning or construction of any provision of this Agreement.

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16.      Entire Agreement.

         This Agreement is intended by the Parties hereto to be the final
expression of their agreement with respect to the subject matter hereof and
represents the complete and exclusive statement of the terms of their agreement,
notwithstanding any representations, statements or agreements to the contrary
heretofore made. Except as expressly noted herein, this Agreement supersedes any
former agreements between the Parties governing the same subject matter. This
Agreement may be modified only by a written instrument signed by each of the
Parties hereto.

         IN WITNESS WHEREOF, the undersigned set their hands and seals as of the
28th day of June, 2002.

INTEGRITY MEDIA, INC.                                     JEFFORY MOSELEY

/s/ P. Michael Coleman                            /s/ Jeffory Moseley     [SEAL]
---------------------------------                 ------------------------------
NAME: P. Michael Coleman
TITLE:  President

ATTEST:

/s/ Donald S. Ellington
---------------------------------
Secretary

[CORPORATE SEAL]

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                                    EXHIBIT A

         "Restricted Territory" shall mean the United States of America.<PAGE>
                                                                    Exhibit 10.5

                                 THIRD AMENDMENT
                                       TO
                                CREDIT AGREEMENT

                  THIS THIRD AMENDMENT TO CREDIT AGREEMENT ("Third Amendment")
is made and entered into as of this 28th day of June, 2002 by and between
INTEGRITY MEDIA, INC., a Delaware corporation (f/k/a Integrity Incorporated,
"Integrity Media"), INTEGRITY PUBLISHERS, INC., a Delaware corporation
(Integrity Publishers; Integrity Media and Integrity Publishers are sometimes
hereinafter referred to as "Existing Borrowers"), M2 COMMUNICATIONS, L.L.C., a
Tennessee limited liability company ("M2 Communications") and LASALLE BANK
NATIONAL ASSOCIATION (as "Administrative Agent" and "Lender").

                                   WITNESSETH:

                  WHEREAS, pursuant to that certain Credit Agreement, dated as
of April 25, 2001, by and between the Existing Borrowers and Lender, as amended
by that certain First Amendment to Credit Agreement dated as of June 15, 2001
and that certain Second Amendment to Credit Agreement dated as of March 30, 2002
(collectively, the "Credit Agreement"), Lender established in favor of Existing
Borrowers (i) a line of credit in the amount of $6,000,000, (ii) a Term Loan A
Facility in the amount of $6,400,000; and (iii) a Term Loan B Facility in the
amount of $4,600,000; and

                  WHEREAS, Lender has agreed to the acquisition by Integrity of
100% of the ownership equity of M2 Communications as a wholly-owned Domestic
Subsidiary subject to the terms and conditions hereafter set forth; and

                  WHEREAS, the Lender has agreed to the modification of certain
additional provisions contained in the Credit Agreement upon the terms and
conditions hereafter set forth.

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

         1. Definitions. All capitalized terms not otherwise defined herein
shall have the meanings given to such terms in the Credit Agreement.

         2. Amendments to Credit Agreement. Effective as of the date hereof, M2
Communications shall, together with Existing Borrowers on a joint and several
basis, constitute for all purposes under the Credit Agreement the "Borrower".
The Credit Agreement is hereby further amended as follows:

         (a) The first paragraph of the Credit Agreement is hereby amended and
restated to read as follows:

         "This Credit Agreement (this "Agreement") is made and effective as of
April 25, 2001, by and among INTEGRITY MEDIA, INC. (F/K/A INTEGRITY
INCORPORATED), a Delaware

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corporation ("Integrity Media"), INTEGRITY PUBLISHERS, INC., a Delaware
corporation ("Integrity Publishers"), M2 COMMUNICATIONS, L.L.C., a Tennessee
limited liability company ("M2 Communications;" M2 Communications, Integrity
Media and Integrity Publishers are sometimes collectively referred to herein as
"Borrower," jointly and severally) and each financial institution that from time
to time is a "Lender" hereunder (collectively the "Lenders,") and LASALLE BANK
NATIONAL ASSOCIATION ("Administrative Agent")."

                  (b) The first recital of the Credit Agreement is hereby
amended by substituting the figure "$9,400,000" for the figure "$6,400,000"
under subpart (b) thereof.

                  (c) Section 1.2.1 of the Credit Agreement is hereby amended by
deleting the proviso therein in its entirety and substituting in lieu thereof
the following:

                           "provided, further, that, contemporaneously with the
         effectiveness of the Third Amendment, Borrower shall be permitted to
         draw down the remaining undrawn $3,000,000 portion of the Term Loan A
         Commitment."

                  (d) Section 1.2.2 of the Credit Agreement is hereby amended
and restated in its entirety to read as follows:

                           "Section 1.2.2. Use of Term Loan A Proceeds. The
         funds advanced under this Term Loan A Facility shall be used
         exclusively for (a) the refinancing of existing indebtedness of
         Borrower, (b) the remodeling and improvement of Integrity Media's
         headquarters in Mobile, Alabama and other ordinary and reasonable
         expenditures for furniture, fixtures and equipment related thereto, and
         (c) an aggregate amount not to exceed $3,000,000 may be used for
         Integrity Media's acquisition of 100% of the ownership equity of M2
         Communications."

                  (e) The table under Section 1.2.8.2 of the Credit Agreement is
hereby amended and restated in its entirety to read as follows:

<TABLE>
<CAPTION>

                  "                                                             Required Amount
                                    Payment Date                              of Principal Payment
                                    ------------                              --------------------
<S>                               <C>                                           <C>
                                   6/30/01 through 12/31/01                        $500,000.00
                                   3/31/02                                         $376,470.59
                                   6/30/02 through 3/31/06                         $587,500.00"

</TABLE>

                  (f) Section 3.8 of the Credit Agreement is hereby amended by
adding the following phrase to the end thereof:

                  "and (4) that certain LLC Interest Purchase Agreement dated as
of June 28, 2002 by and among Integrity Media, Jeffory Moseley, Carmen Moseley
and Jeff and Carmen Moseley Charitable Remainder Unitrust."

                                       2
<PAGE>

                  (g) The table under Section 4.1.1 of the Credit Agreement is
hereby amended and restated in its entirety to read as follows:

<TABLE>
<CAPTION>

                          "Fiscal Quarters Ending                                Ratio
                          -----------------------                                -----
<S>                     <C>                                                       <C>
                           6/30/01 through 03/31/02                              1.00:1.00

                           9/30/02 through 12/31/02                              1.00:1.00

                           3/31/03 through 12/31/03                              1.05:1.00

                           3/31/04 through 12/31/04                              1.10:1.00

                           3/31/05 and thereafter                                1.15:1.00"

</TABLE>

                  (h) Section 4.1.3 of the Credit Agreement is hereby amended
and restated in its entirety to read as follows:

                           "Section 4.1.3. Minimum Net Worth. Borrower shall
                  cause Net Worth to at no time be less than (a) for the period
                  ending June 30, 2002, $12,500,000, and (b) thereafter (i)
                  $12,500,000 plus (ii) an aggregate amount equal to 85% of
                  quarterly Net Income (but only if a positive number, with no
                  reduction for losses) for each fiscal quarter of Borrower
                  beginning with the fiscal quarter ending September 30, 2002."

                  (i) Section 5.1 of the Credit Agreement is hereby amended by
substituting the figure "$5,700,000" for the figure "$5,300,000" for fiscal year
2002, and by substituting the figure "5,400,000" for the figure "6,425,000" for
fiscal year 2005.

                  (j) Section 5.7(e) of the Credit Agreement is hereby amended
and restated in its entirety to read as follows:

                           "e. Equity interests of Integrity Media in Integrity
                  Publishers, M2 Communications, Enlight (such investment not to
                  exceed $250,000 in the aggregate), Integrity Music and
                  Celebration."

                  (k) Section 5.8(c) of the Credit Agreement is hereby amended
by inserting at its beginning the phrase "except for Enlight, M2 Communications,
and Integrity Publishers,"

                  (l) Section 5.9 of the Credit Agreement is hereby amended by
adding the following phrase to the end thereof:

                           "and (e) Integrity Publishers' use of the office
                  space leased by Integrity Media and located in Brentwood,
                  Tennessee."

                                       3
<PAGE>

                  (m) Section 5.12 of the Credit Agreement is hereby amended and
restated to read as follows:

                           "5.12 Integrity Media Ownership. Integrity Media
                  shall not sell, transfer or otherwise dispose of any of the
                  equity of Integrity Publishers, M2 Communications or Enlight,
                  nor permit its total investment in Integrity Publishers, M2
                  Communications or Enlight, whether in the form of equity,
                  loans, advances or otherwise, to at any time exceed $5,000,000
                  with respect to Integrity Publishers, $4,000,000 with respect
                  to M2 Communications, and $250,000 with respect to Enlight."

                  (n) Section 9.1 of the Credit Agreement is hereby amended to
restate the definition of "Borrower" as follows:

                  "Borrower" means, collectively, Integrity Media, M2
Communications and Integrity Publishers, jointly and severally."

                  (o) Section 9.1 of the Credit Agreement is hereby amended by
adding the following proviso to the end of the definition of "Borrowing Base:"

                           "provided, however, that no more than $800,000 shall
                  be advanced under the Line of Credit on account of the
                  Eligible Accounts of M2 Communications and no more than
                  $100,000 shall be advanced under the Line of Credit on account
                  of the Eligible Inventory of M2 Communications."

                  (p) Section 9.1 of the Credit Agreement is hereby amended by
substituting the figure "$9,400,000" for the figure "$6,400,000" in the
definition of "Term Loan A Commitment".

                  (q) Section 9.1 of the Credit Agreement is hereby amended by
deleting clause (ii) of the definition of "Indebtedness" in its entirety and
replacing the same with the following:

                           "(ii) to pay the deferred purchase price of property
                  or services (other than any reasonable and customary
                  contractual compensation obligation entered into in the
                  ordinary course of business which calls for payment of
                  deferred compensation to employees in their capacities as
                  employees);"

                  (r) Section 9.1 of the Credit Agreement is hereby amended by
adding the following new definitions in appropriate alphabetical order:

                  "Integrity" or "Integrity Media" means Integrity Media, Inc.
(f/k/a Integrity Incorporated), a Delaware corporation.

                  "M2 Communications" means M2 Communications, L.L.C., a
Tennessee limited liability company.

                                       4
<PAGE>

                  "Third Amendment" means that certain Third Amendment to Credit
Agreement, dated as of June 28, 2002, by and among Integrity Media, Integrity
Publishers, M2 Communications, the Lenders party thereto and the Administrative
Agent.

         3. Amended and Restated Schedules. The Schedules attached to the Credit
Agreement are hereby amended and restated in the forms attached hereto.

         4. Acknowledgment and Waiver of Defaults. Existing Borrowers
acknowledge that the following Defaults or Events of Default exist under the
Loan Agreement (collectively, the "Specified Defaults"): (a) breach of Section
5.7 of the Credit Agreement as a result of Integrity Media's indirect
acquisition of Magnificat Music, LLC (the "Acquisition Default"), and (b) breach
of Section 5.2 as a result of Integrity Media's entering into that certain
Employment Agreement, dated as of June 28, 2002, by and between Jeffory Moseley
and Integrity Media wherein Integrity Media agrees to pay a certain retention
bonus to Jeffory Moseley which is a deferred purchase of services. The Existing
Borrowers have requested that the Administrative Agent, on behalf of the
Lenders, waive the Specified Defaults. The Administrative Agent, on behalf of
the Lenders, hereby waives the Specified Defaults, provided, however, that such
waiver, with respect to the Acquisition Default, shall be for a period of ten
(10) days from the date hereof only. The waivers contained in this Section are
specific in intent and are valid only for the specific purposes for which given.
Nothing contained herein obligates any Lender to agree to any additional waivers
of any provisions of any of the Loan Documents, including but not limited to
Section 5. The waivers contained in this Section are waivers of the Specified
Defaults only, and shall not operate as a waiver of any Lender's right to
exercise remedies resulting from (i) existing and/or continuing Defaults or
Events of Default of which Lenders are not actually aware, (ii) other future
Defaults or Events of Default, whether or not of a similar nature and whether or
not known to any Lender, or (iii) existence of the Acquisition Default beyond
ten (10) days.

         5. Conditions to Effectiveness. This Third Amendment shall become
effective as of June 28, 2002, when and only when the Lender shall have received
(i) this Third Amendment duly executed by the Borrower, (ii) payment of all
outstanding legal fees and costs of Administrative Agent and Lender, including
those incurred in connection with this Third Amendment, together with payment to
Lender of an amendment fee of $30,000.00, (iii) such of the Loan Documents
identified under Section 2.1.2 of the Credit Agreement as the Administrative
Agent may require as regards M2 Communications, (iv) First Amendment and Second
Supplement to Security and Pledge Agreement duly executed by Integrity Media,
(v) First Amendment to Security and Pledge Agreement duly executed by Integrity
Publishers, (vi) Modification of Mortgage duly executed by Integrity Media,
(vii) consummation of the acquisition by Integrity Media of 100% of the
ownership equity of M2 Communications upon terms and conditions satisfactory to
Administrative Agent in its sole reasonable discretion, and delivery to
Administrative Agent of a legal opinion on behalf of the Borrower confirming
that such acquisition has been consummated in accordance with applicable law,
and (viii) such other certificates, instruments, documents, agreements and
opinions of counsel as may be required by Lender or its counsel, each of which
shall be in form and substance satisfactory to Lender and its counsel.

         6. Representations and Warranties. The Existing Borrower and Integrity
Publishers hereby represent and warrant as follows:

                                       5
<PAGE>

                  (a) This Third Amendment and the Credit Agreement, as amended
hereby, have been duly authorized and constitute legal, valid and binding
obligations of the Existing Borrowers and M2 Communications and are enforceable
against the Existing Borrowers and M2 Communications in accordance with their
respective terms.

                  (b) Upon the effectiveness of this Third Amendment, the
Existing Borrowers and M2 Communications hereby reaffirm all covenants,
representations and warranties made in the Credit Agreement and agree that all
such covenants, representations and warranties shall be deemed to have been
remade as of the effective date of this Third Amendment.

                  (c) No Event of Default or Default has occurred and is
continuing or would exist after giving effect to this Third Amendment.

                  (d) The Existing Borrowers and M2 Communications have no
defense, counterclaim or offset with respect to the Credit Agreement or any of
the other Loan Documents.

         7. Effect on the Credit Agreement.

                   (a) Upon the effectiveness of this Third Amendment, each
reference in the Credit Agreement to "this Agreement," "hereunder," "hereof,"
"herein" or words of like import shall mean and be a reference to the Credit
Agreement as amended hereby.

                   (b) Except as specifically amended herein, the Credit
Agreement, the Loan Documents, and all other documents, instruments and
agreements executed and/or delivered in connection therewith, shall remain in
full force and effect, and are hereby ratified and confirmed.

                   (c) The execution, delivery and effectiveness of this Third
Amendment shall not operate as a waiver of any right, power or remedy of
Administrative Agent or Lender, nor constitute a waiver of any provision of the
Credit Agreement, the Loan Documents, or any other documents, instruments or
agreements executed and/or delivered under or in connection therewith.

         8. Governing Law. This Third Amendment shall be binding upon and inure
to the benefit of the parties hereto and their respective successors and assigns
and shall be governed by and construed in accordance with the laws of the State
of Illinois.

         9. Headings. Section headings in this Third Amendment are included
herein for convenience of reference only and shall not constitute a part of this
Third Amendment for any other purpose.

         10. Counterparts. This Third Amendment may be executed by the parties
hereto in one or more counterparts, each of which taken together shall be deemed
to constitute one and the same instrument.

                                       6
<PAGE>
                   IN WITNESS WHEREOF, this Third Amendment has been duly
executed as of the day and year first written above.

                            INTEGRITY MEDIA, INC.
                                     (f/k/a Integrity Incorporated)

                            By:      /s/ Donald S. Ellington
                                     -------------------------------------------
                                     Name:  Donald S. Ellington
                                     Title:  Senior Vice President

                            INTEGRITY PUBLISHERS, INC.

                            By:      /s/ Donald S. Ellington
                                     -------------------------------------------
                                     Name:  Donald S. Ellington
                                     Title:  Secretary/Treasurer

                            M2 COMMUNICATIONS, L.L.C.

                            By:      /s/ Jeffory Moseley
                                     -------------------------------------------
                                     Name:  Jeffory Moseley
                                     Title:  Governor

                            LASALLE BANK NATIONAL ASSOCIATION

                            By:      /s/ Margaret C. Dierkes
                                     -------------------------------------------
                                     Name:  Margaret C. Dierkes
                                     Title:  Commercial Banking Officer

                                       7

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