Document:

<PAGE>

                                                                   EXHIBIT 10.16

                              AMENDMENT NUMBER FOUR
                                       TO
                           LOAN AND SECURITY AGREEMENT

              This Amendment Number Four to Loan and Security Agreement
("Amendment") is entered into as of May 15, 2000, by and among FOOTHILL CAPITAL
CORPORATION, a California corporation ("Foothill"), and K-TEL INTERNATIONAL
(USA), INC., DOMINION ENTERTAINMENT, INC., K-TEL CONSUMER PRODUCTS, INC., K-TEL
TV, INC. and K-TEL VIDEO, INC., all of which are Minnesota corporations (jointly
"Borrowers"), in light of the following:

              A. Borrowers and Foothill have previously entered into that
certain Loan and Security Agreement, dated as of November 20, 1997 (as amended,
the "Agreement").

              B. Borrowers and Foothill desire to further amend the Agreement as
provided for and on the conditions herein.

              NOW, THEREFORE, Borrowers and Foothill hereby amend and supplement
the Agreement and provide a waiver as follows:

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

              2. AMENDMENT AND WAIVER.

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

                        "(a) Interest Rate. Except as provided in clause (b)
            below, all Obligations (except for undrawn Letters of Credit) shall
            bear interest on the Daily Balance at a per annum rate equal to the
            Reference Rate plus one percentage point commencing July 1, 2000."

                  (b) Section 2.11(c) of the Agreement is amended to read as
follows:

                        "(c) Financial Examination, Documentation, and Appraisal
            Fees. Foothill's customary fee of $650 per day per examiner, plus
            out-of-pocket expenses for each financial analysis and examination
            (i.e., audits) of Borrowers performed by personnel employed by
            Foothill; and, the actual charges paid or incurred by Foothill if it
            elects to employ the services of one or more third Persons to
            perform such financial analyses and examinations (i.e., audits) of
            Borrowers or to appraise the

                                                                               1
<PAGE>

            Library on an annual basis so long as the cost of such appraisals
            does not exceed $30,000 (i) for the period of May 15, 2000 through
            October 31, 2001 and (ii) for each 12-month period thereafter.
            Foothill agrees to provide Borrowers with a copy of all appraisals
            of the Library obtained by it; and"

              (c) As of March 31, 2000, Parent was not in compliance with the
Net Worth covenant in Section 7.20 of the Agreement. Foothill hereby waives
Borrowers' default under Section 7.20 of the Agreement solely as of March 31,
2000 and no other period.

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

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

              5. CONDITIONS. The effectiveness of this Amendment is expressly
conditioned upon the following:

              (a) Receipt by Foothill of an executed copy of this Amendment; and

              (b) Receipt by Foothill of a waiver fee in the amount of $5,000.

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

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

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

                                                                               2
<PAGE>

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

                                              FOOTHILL CAPITAL CORPORATION,
                                              a California corporation

                                              By:
                                                 -------------------------------
                                              Title:
                                                    ----------------------------

                                              K-TEL INTERNATIONAL (USA), INC.,
                                              a Minnesota corporation

                                              By:
                                                 -------------------------------
                                              Title:
                                                    ----------------------------

                                              DOMINION ENTERTAINMENT, INC.,
                                              a Minnesota corporation

                                              By:
                                                 -------------------------------
                                              Title:
                                                    ----------------------------

                                              K-TEL CONSUMER PRODUCTS, INC.,
                                              a Minnesota corporation

                                              By:
                                                 -------------------------------
                                              Title:
                                                    ----------------------------

                                              K-TEL TV, INC.,
                                              a Minnesota corporation

                                              By:
                                                 -------------------------------
                                              Title:
                                                    ----------------------------

                                              K-TEL VIDEO, INC.,
                                              a Minnesota corporation

                                              By:
                                                 -------------------------------
                                              Title:
                                                    ----------------------------

                                                                               3
<PAGE>

              Each of the undersigned has executed a Continuing Guaranty in
favor of Foothill Capital Corporation ("Foothill") respecting the obligations of
the Borrowers, as defined in the attached Amendment, owing to Foothill. Each of
the undersigned acknowledges the terms of the above Amendment and reaffirms and
agrees that: its Continuing Guaranty remains in full force and effect; nothing
in such Continuing Guaranty obligates Foothill to notify the undersigned of any
changes in the financial accommodations made available to Borrowers or to seek
reaffirmations of the Continuing Guaranty; and no requirement to so notify the
undersigned or to seek reaffirmations in the future shall be implied by the
execution of this reaffirmation.

                                              K-TEL INTERNATIONAL, INC.,
                                              a Minnesota corporation

                                              By:
                                                 -------------------------------
                                              Title:
                                                    ----------------------------

                                              K-TEL ONLINE, INC.,
                                              a Minnesota corporation

                                              By:
                                                 -------------------------------
                                              Title:
                                                    ----------------------------

                                                                               4STRAUSS

                               Exhibit 10.11

RETENTION AGREEMENT

This Agreement is entered into effective July 6, 1999, by and between JDS Uniphase Inc. (the
"Company") and Jozef Strauss ("Employee").

I. For the purposes of this Agreement, the following definitions apply:

(a) "Cause" means:

	willful malfeasance by Employee, which has a material adverse effect on the Company;
	substantial and continuing willful refusal by Employee to perform duties ordinarily performed by
an employee in the same position and having similar duties as Employee;
	conviction of Employee for an indictable offense which has a material adverse effect on the
Company's goodwill if Employee is retained as an employee of the Company;
	willful failure by Employee to comply with material policies and procedures of the
Company.

(b) "Change of Control" means the occurrence of one or more of the following with
respect to the Company or with respect to JDS Uniphase Corporation:

	the acquisition by any person (or related group of persons), whether by tender or exchange offer
made directly to the shareholders, open market purchases or any other transaction or series of
transactions, of shares of the Company or of Common Stock, as the case may be, possessing sufficient
voting power in the aggregate to elect an absolute majority of the members of the Board of Directors
of the Company or of JDS Uniphase Corporation, as the case may be;
	a merger or consolidation in which the Company or JDS Uniphase Corporation, as the case may be,
is not the surviving entity, except for a transaction in which securities representing more than
fifty percent (50%) of the total combined voting power of the surviving entity are held by persons
who held shares of the Company or Common Stock as the case may be, immediately prior to such merger
or consolidation and the members of the Board of Directors of the Company or of JDS Uniphase
Corporation, as the case may be, immediately before such merger or consolidation constitute a
majority of the Board of Directors of the Company or of JDS Uniphase Corporation, as the case may
be, immediately after such merger or consolidation;
	any reverse merger in which the Company or JDS Uniphase Corporation, as the case may be, is the
surviving entity but in which either securities representing more than fifty (50%) of the total
combined voting power of the outstanding securities of the Company or of JDS Uniphase Corporation,
as the case may be, are transferred or issued to holders different from those who held such
securities immediately prior to such merger or those members of the Board of Directors of the
Company or of JDS Uniphase Corporation, as the case may be, immediately before such merger do not
constitute a majority of the Board of Directors immediately after such merger; or the sale, transfer
or other disposition of all or substantially all of the assets of the Company or of JDS Uniphase
Corporation, as the case may be;

but any such event in respect of the Company that does not result in any change in the beneficial
ownership of the Company by JDS Uniphase Corporation is deemed not to be a Change of Control.

(c) "Common Stock" means the aggregate of:

	the issued and outstanding $.001 par value, Common Stock of JDS Uniphase Corporation; and,
	the issued and outstanding exchangeable shares in the capital of 3506967 Canada Inc. (the name
of which has been or will be changed to JDS Uniphase Canada Ltd.), an indirect subsidiary of JDS
Uniphase Corporation;

(d) "Good Reason" means:

	a material reduction in Employee's salary without Employee's prior written consent;
	a material adverse change in Employee's position, duties or responsibilities without Employee's
prior written consent;
	an actual change in Employee's principal work location by more than 50 kilometers without
Employee's prior written consent;
	failure by the Company to obtain from any successor company the assumption of the Company's
obligations under this Agreement; or
	resignation by the Executive for any reason within six months of a Change of Control;

(e) "Disabled" means a mental or physical disability, illness or injury, evidenced by medical
reports from a duly qualified medical practitioner, which renders the Employee unable to perform the
essential duties of his or her position, and "Disability" has a corresponding meaning.

(f) "Effective Date" means:

	in the event the Company terminates the employment of Employee, the date designated by the
Company as the last day of Employee's employment;
	in the event the Employee resigns his or her employment with the Company, the date designated by
the Company as the effective date of resignation;
	in the event the Employee dies, the date of death; 
	in the event the Employee becomes Disabled, the date designated by the Company as the last day
of Employee's employment.

2. This Agreement expires five years from the date hereof (the "Expiry Date").

3. If at any time up to and including the Expiry Date:

	the employment of the Employee is terminated without Cause;
	Employee dies;
	the employment of the Employee ceases due to Disability; or
	Employee resigns his or her employment with the Company for Good Reason, then in addition to
Employee's entitlement to salary, benefits and unused paid vacation, all as accrued to the Effective
Date, on providing to the Company a full and final release in form and substance acceptable to the
Company, acting reasonably,

	Employee shall receive and accept payment of a sum equivalent to three year's salary (calculated
based on the salary rate in effect at the Effective Date), plus three year's bonus (calculated based
on the average of the bonus awarded to Employee in each of the previous three years of employment
with the Company) less any amounts to which Employee is otherwise entitled under any statutory
and/or Company long or short term disability plan, in full and final satisfaction of any statutory,
contractual or common law entitlements which Employee has or could have as a result of the cessation
of employment (which sum shall be subject to applicable statutory deductions); and 
	Employee's right, title and entitlement to any unvested options or any other securities or
similar incentives which have been granted or issued to employee in existence as of the Effective
Date, shall vest immediately with Employee, free from any restrictions, provided that all such
securities shall continue to be exercisable (if applicable) for 90 days from the Effective Date or
until the time that such securities would have otherwise expired (if applicable) whichever is
earlier.

	Employee and the Company acknowledge and agree that this Agreement shall be governed by and
construed in accordance with the laws of the Province of Ontario, Canada. If either party takes any
legal proceedings of any nature in respect of this Agreement, such proceedings must be commenced in
the Regional Municipality of Ottawa-Carleton, in the Province of Ontario, Canada, and are to be
governed by the applicable statutory or civil procedural rules of Ontario. Employee and the Company
agree that they hereby attorn to the jurisdiction of the Ontario Courts. 
	This Agreement constitutes the entire Agreement between the parties as to Employee's rights and
entitlements upon the cessation of the employment relationship between them, where such cessation
occurs on or before the Expiry Date. Employee and the Company each agree and acknowledge that no
promises or representations have been made to or by the other, and that there are no terms or
understandings relating to this Agreement, other than those expressly set out in this written
documents. The foregoing does not limit any obhgation the Employee would otherwise have under any
proprietary, invention or similar agreement or under any incentive plan in which the Employee is a
participant.
	Employee and the Company each specifically agree and acknowledge that they each waive recourse
to any remedies in tort, and further agree and acknowledge their intent that all rights and
habilities pertaining to the cessation of the employment relationship between them, where such
cessation occurs on or before the Expiry Date, be as set out in this Agreement (or in any subsequent
modification of this Agreement, provided that the modification is in writing and signed by both
parties).
	Employee and the Company acknowledge that they have received, or have been provided with
sufficient opportunity to receive, independent legal advice prior to executing this
Agreement.

		
	 	

                   JDS Uniphase Inc.

			
	 	

       By:     
	

/s/ Michael C. Phillips

			
	 	 	
      

    
	 	

    Name: 
	

Michael C. Phillips

	 	

    Title: 
	

Vice President
  

 

	

/s/  Konstantin Kotzeff

Witness

	

/s/ Jozef Straus

Jozef Straus

AGREEMENT REGARDING CHANGE OF CONTROL

This Agreement is entered into effective July 6, 1999
by and between JDS Uniphase Inc., (the "Company"), and Jozef Strauss ("Executive").

RECITALS

Executive is employed by the Company and is a valued officer of the
Company. As an inducement to Executive to remain in the employ of the Company, the Company wishes to
provide for certain rights in favour of Executive to exercise options to purchase shares of Common
Stock (as defined below) held by Executive upon a Change of Control (as defined below) of the
Company upon the terms herein provided. 

NOW THEREFORE, in consideration of the foregoing and the mutual promises

herein contained, the parties agree as follows:

AGREEMENT

Section

1. Definitions
For purposes of this Agreement, the following definitions shall apply:

"Change of Control" means the occurrence of one or more of the following with respect to the
Company or with respect to JDS Uniphase Corporation:

	the acquisition by any person (or related group of persons), whether by tender or exchange offer
made directly to the shareholders, open market purchases or any other transaction or series of
transactions, of shares of the Company or of Common Stock, as the case may be, possessing sufficient
voting power in the aggregate to elect an absolute majority of the members of the Board of Directors
of the Company or of JDS Uniphase Corporation, as the case maybe; 
	a merger or consolidation in which the Company or JDS Uniphase Corporation, as the case may be,
is not the surviving entity, except for a transaction in which securities representing more than
fifty percent (50%) of the total combined voting power of the surviving entity are held by persons
who held shares of the Company or Common Stock, as the case may be, immediately prior to such merger
or consolidation and the members of the Board of Directors of the Company or of JDS Uniphase
Corporation, as the case may be, immediately before such merger or consolidation constitute a
majority of the Board of Directors of the Company or of JDS Uniphase Corporation, as the case may
be, immediately after such merger or consolidation; 
	any reverse merger in which the Company or JDS Uniphase Corporation, as the case may be, is the
surviving entity but in which either securities representing more than fifty (50%) of the total
combined voting power of the outstanding securities of the Company or of JDS Uniphase Corporation,
as the case may be, are transferred or issued to holders different from those who held such
securities immediately prior to such merger or those members of the Board of Directors of the
Company or of JDS Uniphase Corporation, as the case may be, immediately before such merger do not
constitute a majority of the Board of Directors immediately after such merger; or
	the sale, transfer or other disposition of all or substantially all of the assets of the Company
or of JDS Uniphase Corporation, as the case may be;

but any such event in respect of the Company that does not result in any change in the beneficial
ownership of the Company by JDS Uniphase Corporation is deemed not to be a Change of Control.

"Closing Date" means the date of the first closing of the transaction constituting a Change of
Control.

"Common Stock" means the aggregate of:

(a) the issued and outstanding $.001 par value, common stock of JDS Uniphase Corporation;
and,

(b) the issued and outstanding exchangeable shares in the capital of 3506967 Canada Inc. (the
name of which has been or will be changed to JDS Uniphase Canada Ltd.), an indirect subsidiary of
JDS Uniphase Corporation;

"Executive's Stock Options" shall mean any options to purchase Common Stock  held by Executive
that have been issued to Executive by the Company or by JDS Uniphase Corporation prior to a Closing
Date.

Section 2. Acceleration of
Options on a Change in
Control

The Company agrees that the right of Executive to exercise the Executive's Stock Options
shall be accelerated as of the Closing Date of a Change of Control so that Executive's Stock Options
shall become fully exercisable as of the Closing Date as to all shares of the Common Stock subject
thereto and, subject to the terms of this Section 2, remain exercisable thereafter in accordance
with their terms. The foregoing acceleration of the right of Executive to exercise Executive's Stock
Options shall apply notwithstanding any contrary terms in any stock option plan pursuant to which
such Options are granted or any stock option agreement executed by the Company or by JDS Uniphase
Corporation with respect to Executive's Stock Options, including, without limitation, any stock
option plan terms that are adopted or any stock option agreement executed after the date hereof.
Such acceleration of the exercisability of the Executive's Stock Options shall apply and occur
without further action on the part of the Company, its Board of Directors, stockholders. Executive
or any other party. As a condition to an acceleration of the Executive's Stock Options as provided
in this Section 2, Executive agrees that Executive's Stock Options shall terminate as of the Closing
Date to the extent unexercised as of such Closing Date if the terms and conditions of such Change of
Control require that all employee stock options terminate as of such Closing Date. In no event shall
this Section 2 be interpreted to cause the Executive's Stock Options to be exercisable for a greater
number of shares of Common Stock than were subject to the Executive's Stock Options immediately
prior to the Closing Date.

Section 3. No Employment
Agreement

Except as previously herein provided. Executive and the Company each acknowledge and
agree that this Agreement does not provide for the terms and conditions of Executive's employment
with the Company and does not require or obligate Executive to provide services to the Company or
the Company to continue to employ Executive.

Section 4. Notices

All notices or other communications required or permitted hereunder shall be made in
writing and shall be deemed to have been duly given if delivered by hand or mailed, postage prepaid,
by certified or registered mail, return receipt requested, and addressed to the Company at:
JDS Uniphase Inc.

570 West Hunt Club Road

Nepean Ontario K2G 5W8

Or to the Executive at:

691 Hillcrest Avenue

Ottawa, ON

K2A 2N2

Notice of change of address shall be effective only when done in accordance with this
Section.

Section 5. Successors

This Agreement shall be binding upon and shall inure to the benefit of the
parties
>hereto and their respective heirs, executors, administrators, successors and assigns.

Section 6. Ontario Law
The laws of the Province of Ontario shall govern the interpretation,
performance
and enforcement of this Agreement.

IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement
as of the date first above written.

		
	 	

                   JDS Uniphase Inc.

			
	 	

       By:     
	

/s/ Michael C. Phillips

			
	 	 	
      

    
	 	

    Name: 
	

Michael C. Phillips

	 	

    Title: 
	

Vice President
  

 

	

/s/  Konstantin Kotzeff

Witness

	

/s/ Jozef Strauss

Jozef Strauss

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00015-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00015-of-00352.parquet"}]]